Bay Banks of Virginia (BAYK) 10-K 6 Mar 20 2019 FY Annual report Financial data

Document and Entity Information

Document and Entity Information - USD ($)	12 Months Ended
	Dec. 31, 2019	Feb. 28, 2020	Jun. 30, 2019
Cover [Abstract]
Document Type	10-K
Amendment Flag	false
Document Period End Date	Dec. 31, 2019
Document Fiscal Year Focus	2019
Document Fiscal Period Focus	FY
Trading Symbol	BAYK
Entity Registrant Name	BAY BANKS OF VIRGINIA INC
Entity Central Index Key	0001034594
Current Fiscal Year End Date	--12-31
Entity Well-known Seasoned Issuer	No
Entity Current Reporting Status	Yes
Entity Voluntary Filers	No
Entity Interactive Data Current	Yes
Entity Filer Category	Accelerated Filer
Entity Small Business	true
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity File Number	0-22955
Entity Incorporation, State or Country Code	VA
Entity Address State Or Province	VA
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
Title of 12(g) Security	Common Stock ($5.00 Par Value)
Entity Common Stock, Shares Outstanding		13,346,789
Entity Public Float			$ 96,197,174
Document Annual Report	true
Document Transition Report	false
Documents Incorporated by Reference	The information required by Part III of this Form 10-K will be included in the registrant’s definitive proxy statement for the 2020 annual meeting of shareholders and incorporated herein by reference or in an amendment to this Form 10-K filed within 120 days after the end of the fiscal year covered by this Form 10-K.

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($) $ in Thousands		Dec. 31, 2019	Dec. 31, 2018
ASSETS
Cash and due from banks		$ 6,096	$ 7,685
Interest-earning deposits		34,358	18,981
Federal funds sold		1,359	625
Certificates of deposit		2,754	3,746
Available-for-sale securities , at fair value		99,454	82,232
Restricted securities		5,706	7,600
Loans receivable, net of allowance for loan losses of $7,562 and $7,902, respectively		916,628	894,191
Loans held for sale		1,231	368
Premises and equipment, net		20,141	18,169
Accrued interest receivable		3,035	3,172
Other real estate owned, net		1,916	3,597
Bank owned life insurance		19,752	19,270
Goodwill		10,374	10,374
Mortgage servicing rights		935	977
Intangible		2,453	3,170
Deferred tax asset, net		819	1,510
Other assets		5,847	5,927
Total assets		1,131,923	1,080,617
LIABILITIES
Noninterest-bearing demand deposits		137,933	114,122
Savings and interest-bearing demand deposits		382,607	359,400
Time deposits		389,900	368,670
Total deposits		910,440	842,192
Securities sold under repurchase agreements		6,525	6,089
Federal Home Loan Bank advances		45,000	100,000
Subordinated notes, net of unamortized issuance costs		31,001	6,893
Other liabilities		12,772	7,967
Total liabilities		1,005,738	963,141
SHAREHOLDERS’ EQUITY
Common stock ($5 par value; authorized - 30,000,000 shares; outstanding - 0 and 13,201,682 shares, respectively)	[1]	66,309	66,008
Additional paid-in capital		36,658	36,972
Unearned employee stock ownership plan shares		(1,525)	(1,734)
Retained earnings		24,660	17,557
Accumulated other comprehensive income (loss), net		83	(1,327)
Total shareholders’ equity		126,185	117,476
Total liabilities and shareholders’ equity		1,131,923	1,080,617
Core Deposits
ASSETS
Intangible		$ 1,518	$ 2,193
[1]	Preferred stock is authorized; however, none was outstanding as of December 31, 2019 and 2018.

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Thousands	Dec. 31, 2019	Dec. 31, 2018
Statement Of Financial Position [Abstract]
Loans, allowance for loan losses	$ 7,562	$ 7,902
Common stock, par value	$ 5	$ 5
Common stock, authorized shares	30,000,000	30,000,000
Common stock, outstanding shares	13,261,801	13,201,682
Preferred stock, outstanding shares	0	0

Consolidated Statements of Oper

Consolidated Statements of Operations - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
INTEREST INCOME
Loans, including fees	$ 46,998	$ 40,752
Securities:
Taxable	2,298	1,961
Tax-exempt	425	475
Federal funds sold	43	17
Interest-bearing deposit accounts	581	528
Certificates of deposit	73	70
Total interest income	50,418	43,803
INTEREST EXPENSE
Deposits	12,075	7,992
Securities sold under repurchase agreements	14	13
Subordinated notes and other borrowings	911	513
Federal Home Loan Bank advances	2,085	1,707
Total interest expense	15,085	10,225
Net interest income	35,333	33,578
Provision for loan losses	1,182	1,351
Net interest income after provision for loan losses	34,151	32,227
NONINTEREST INCOME
Secondary market sales and servicing	941	659
Increase in cash surrender value of bank owned life insurance	481	497
Net losses on sale of available-for-sale securities	(1)
Net losses on disposition of other assets	(3)	(7)
Gain (loss) on rabbi trust assets	192	(138)
Gain on curtailment of post-retirement benefit plan		352
Other	80	165
Total noninterest income	4,958	4,303
NONINTEREST EXPENSES
Salaries and employee benefits	15,597	16,233
Occupancy	3,319	3,528
Data processing	2,221	2,436
Bank franchise tax	864	726
Telecommunications and other technology	1,087	831
FDIC assessments	483	719
Foreclosed property	145	175
Consulting	526	1,068
Advertising and marketing	384	439
Directors’ fees	678	561
Audit and accounting	822	1,129
Legal	199	500
Merger-related		363
Core deposit intangible amortization	674	798
Net OREO losses (gains) and valuation adjustments	460	(107)
Other	2,943	2,720
Total noninterest expenses	30,402	32,119
Income before income taxes	8,707	4,411
Income tax expense	1,649	533
Net income	$ 7,058	$ 3,878
Basic and diluted earnings per share	$ 0.54	$ 0.30
Trust Management
NONINTEREST INCOME
Non-Interest Income	$ 830	$ 710
Service Charges and Fees on Deposit Accounts
NONINTEREST INCOME
Non-Interest Income	977	768
Wealth Management
NONINTEREST INCOME
Non-Interest Income	908	842
Interchange Fees, Net
NONINTEREST INCOME
Non-Interest Income	438	339
Other Service Charges and Fees
NONINTEREST INCOME
Non-Interest Income	$ 115	$ 116

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Income - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Net income	$ 7,058	$ 3,878
Unrealized gain (loss) on available-for-sale securities:
Net unrealized holding gain (loss) arising during the period	2,137	(966)
Deferred tax (expense) benefit	(449)	203
Reclassification of net on loss available-for-sale securities in net income	1
Unrealized gain (loss) on available-for-sale securities, net of tax	1,689	(763)
Defined benefit plan:
Total other comprehensive income (loss), net of tax	1,410	(171)
Comprehensive income	8,468	3,707
Defined Benefit Pension Plan
Defined benefit plan:
Net pension/post retirement gain (loss)	(320)	739
Deferred tax benefit (expense)	67	(155)
Defined benefit pension plan/ post retirement plan adjustment, net of tax	(253)	584
Post-retirement Benefit Plan
Defined benefit plan:
Net pension/post retirement gain (loss)	(33)	10
Deferred tax benefit (expense)	7	(2)
Defined benefit pension plan/ post retirement plan adjustment, net of tax	$ (26)	$ 8

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	3,878				3,878
Other comprehensive (loss) income, net	(171)					(171)
Stock options exercised	$ 149	$ 127	22
Stock options exercised, Shares	25,491	25,491
Director stock grant	$ 125	$ 63	62
Director stock grant, Shares		12,620
Restricted stock awards		$ 75	(75)
Restricted stock awards,shares		15,000
Shares repurchased pursuant to ESOP	(556)	$ (275)	(281)
Shares repurchased pursuant to ESOP,shares		(55,034)
ESOP loan collateral	(770)			(770)
ESOP collateral release	165			165
Share-based compensation expense	102		102
Balance at end of period at Dec. 31, 2018	$ 117,476	$ 66,008	36,972	(1,734)	17,557	(1,327)
Balance at end of period, Shares at Dec. 31, 2018	13,201,682	13,201,682
Net income	$ 7,058				7,058
Other comprehensive (loss) income, net	1,410					1,410
Stock options exercised	$ 11	$ 27	(16)
Stock options exercised, Shares	15,578	5,377
Director stock grant	$ 148	$ 92	56
Director stock grant, Shares		18,396
Restricted stock awards		$ 545	(545)
Restricted stock awards,shares		109,051
Shares repurchased pursuant to repurchase program	(153)	$ (91)	(62)
Shares repurchased pursuant to repurchase program, shares		(18,300)
Shares repurchased pursuant to ESOP	(427)	$ (272)	(155)
Shares repurchased pursuant to ESOP,shares		(54,405)
ESOP collateral release	221		12	209
Share-based compensation expense	396		396
Cumulative effect adjustment of adoption of accounting principle	45				45
Balance at end of period at Dec. 31, 2019	$ 126,185	$ 66,309	$ 36,658	$ (1,525)	$ 24,660	$ 83
Balance at end of period, Shares at Dec. 31, 2019	13,261,801	13,261,801

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Cash Flows From Operating Activities
Net income	$ 7,058	$ 3,878
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	1,657	1,644
Net premium amortization on available-for-sale securities	396	240
Amortization of subordinated notes issuance costs	40	16
Amortization of core deposit intangible	674	798
Accretion of fair value adjustments on acquired time deposits	(123)	(186)
Accretion of fair value adjustments (discounts) on acquired loans	(1,922)	(1,759)
Provision for loan losses	1,182	1,351
Share-based compensation expense	396	102
Deferred income tax expense	408	846
Net loss on sale of available-for-sale securities	1
Increase in other real estate owned valuation allowance	434	21
Net losses (gains) on sale of other real estate owned	26	(128)
Net losses on the disposition of other assets	3	7
Decrease in value of mortgage servicing rights	42	22
Originations of loans held for sale (HFS)	(62,909)	(21,451)
Proceeds from HFS loan sales	62,684	23,111
Gain on HFS sold loans	(638)	(377)
Increase in cash surrender value of bank owned life insurance	(481)	(497)
Gain on curtailment of post-retirement benefit plan		(352)
Increase in accrued interest receivable and other assets	(2,844)	(616)
Increase in other liabilities	4,658	810
Net cash provided by operating activities	10,742	7,480
Cash Flows From Investing Activities
Proceeds from maturities and principal paydowns of available-for-sale securities	5,482	4,365
Proceeds from sales and calls of available-for-sale securities	5,005
Maturities (purchases) of certificates of deposit	992	(522)
Purchases of available-for-sale securities	(25,968)	(10,650)
Sales (purchases) of restricted securities, net	1,894	(1,813)
(Increase) decrease in federal funds sold	(734)	6,336
Net increase in loans	(22,141)	(137,562)
Proceeds from sale of other real estate owned	1,665	3,299
Net purchases of premises and equipment	(288)	(2,350)
Net cash used in investing activities	(34,093)	(138,897)
Cash Flows From Financing Activities
Increase in demand, savings, and other interest-bearing deposits	47,018	70,665
Net increase in time deposits	21,353	9,867
Stock options exercised, net	11	149
Net decrease in securities sold under repurchase agreements	269	(3,409)
Purchases of common stock	(580)	(556)
Issuance of subordinated notes, net of issuance costs	24,068
(Decrease) increase in Federal Home Loan Bank advances	(55,000)	30,000
Net cash provided by financing activities	37,139	106,716
Net increase (decrease) in cash and cash equivalents (including interest-earning deposits)	13,788	(24,701)
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	40,454	26,666
Cash paid for:
Interest	14,701	10,060
Income taxes		800
Non-cash investing and financing:
Unrealized gain (loss) on available-for-sale securities	2,137	(966)
Change in fair value of pension and post-retirement benefit plan obligation	(353)	749
Changes in deferred taxes resulting from other comprehensive income transactions	(375)	46
Loans transferred to other real estate owned	444	2,505
Cumulative effect adjustment of adoption of accounting principle	(45)
Employee stock ownership plan transactions	221	605
Director stock grant	$ 148	$ 125

Organization and Basis of Prese

Organization and Basis of Presentation	12 Months Ended
	Dec. 31, 2019
Organization Consolidation And Presentation Of Financial Statements [Abstract]
Organization and Basis of Presentation	Note 1. Organization and Basis of Presentation Bay Banks of Virginia, Inc. (the “Company”) is the holding company for Virginia Commonwealth Bank, formerly known as Bank of Lancaster (the “Bank”), for VCB Financial Group, Inc., formerly known as Bay Trust Company (the “Financial Group”), and for Steptoes Holdings, LLC (“Steptoes Holdings”). The consolidated financial statements of the Company include the accounts of Bay Banks of Virginia, Inc., the Bank, the Financial Group, and Steptoes Holdings. All significant intercompany accounts and transactions are eliminated upon consolidation. The Bank is a state-chartered bank, headquartered in Richmond, Virginia, and a member of the Federal Reserve System. It serves businesses, professionals, and consumers through 18 banking offices, including one loan production office, located in the greater Richmond region, the Northern Neck region, Middlesex County, and the Hampton Roads region of Virginia. The Bank offers a wide range of deposit and loan products to its retail and commercial customers. A substantial amount of the Bank’s deposits are interest-bearing. The majority of the Bank’s loan portfolio is secured by real estate. The Financial Group provides management services for personal and corporate trusts, including estate planning, estate settlement, trust administration, and investment and wealth management services from its Richmond and Kilmarnock, Virginia offices. Products and services include revocable and irrevocable living trusts, testamentary trusts, custodial accounts, investment planning, brokerage services, insurance investment managed accounts, and managed and self-directed individual retirement accounts. On April 1, 2017, the Company completed its merger with Virginia BanCorp Inc. (“Virginia BanCorp”), a bank holding company conducting substantially all of its operations through its subsidiary, Virginia Commonwealth Bank. Immediately following the Company’s merger with Virginia BanCorp, Virginia BanCorp’s subsidiary bank was merged with and into Bank of Lancaster (collectively, the “Merger”). Bank of Lancaster then changed its name to Virginia Commonwealth Bank. 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 necessary for a fair presentation of the consolidated financial statements have been included. 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.

Summary of Significant Accounti

Summary of Significant Accounting Policies	12 Months Ended
	Dec. 31, 2019
Accounting Policies [Abstract]
Summary of Significant Accounting Policies	Note 2. Summary of Significant Accounting Policies Use of Estimates The preparation of the consolidated financial statements in conformity with GAAP requires management to make estimates and assumptions. The amounts recorded in the consolidated financial statements may be affected by those estimates and assumptions. Actual results may vary from those estimates. Material estimates that are particularly susceptible to significant change in the near term relate to the determination of the allowance for loan losses, the measurement of fair value of other real estate owned, the valuation of deferred income tax assets, the impairment testing of goodwill, the projection of pension and post-retirement benefit plan obligations, and the fair value measurements. Cash and Cash Equivalents Cash and cash equivalents are carried at cost and mature within ninety days of the balance sheet date. For purposes of the consolidated statements of cash flows, cash and cash equivalents include cash and balances due from banks and interest-earning deposits, including deposits with the Federal Reserve Bank of Richmond (“FRB”). Securities Investments in debt securities with readily determinable fair values are classified as either held to maturity, available-for-sale, or trading, based on management’s intent and ability. Currently, all of the Company’s investment securities are debt securities and are classified as available-for-sale. Securities available-for-sale are carried at estimated fair value with the corresponding unrealized gains and losses excluded from earnings and reported as a component other comprehensive income (loss). A gain or loss on sale is recognized in earnings on the settlement date based on the amortized cost of the specific security sold. GAAP states the trade date is the date on which a purchase or sale of a security is to be recognized; however, the Company’s policy is to recognize the transaction upon the movement of cash (i.e., settlement date) and believes there is no material difference between the two methods. The amortization of purchase premiums and accretion of purchase discounts are recognized in interest income, using the interest method over the terms of the respective securities. Impairment of an investment security occurs when the fair value of a security is less than its amortized cost as of the balance sheet date and the value of the security is not expected to be recovered. For debt securities, impairment is considered an other-than-temporary impairment (“OTTI”) and recognized in its entirety in net income if (i) there is evidence of credit related impairment; (ii) the Company intends to sell the security; or (iii) it is more likely than not that the Company will be required to sell the security before recovery of its amortized cost basis. If the Company does not intend to sell the security and it is not more likely than not that it will be required to sell the security before recovery, the Company must determine what portion of the impairment is attributable to a credit loss, which occurs when the amortized cost basis of the security exceeds the present value of the cash flows expected to be collected from the security. If there is a credit loss, the loss must be recognized in net income and the remaining portion of impairment must be recognized as a component of other comprehensive income (loss). The Company regularly reviews each investment security for OTTI based on criteria that include the extent to which cost exceeds fair value, the duration of that market decline, the financial health of and specific prospects for the issuer, the Company’s best estimate of the present value of cash flows expected to be collected from debt securities, the Company’s intention with regard to holding the security to maturity, and the likelihood that it would be required to sell the security before recovery. Fair values of financial instruments are estimated using relevant market information and other assumptions, as more fully disclosed in Note 21. Fair value estimates involve uncertainties and matters of significant judgment. Changes in assumptions or in market conditions could significantly affect management’s estimates. Securities Sold Under Repurchase Agreements Securities sold under repurchase agreements, which are classified as secured borrowings, generally mature within one day from the transaction date. Securities sold under repurchase agreements are reflected at the amount of cash received in connection with the transaction. The Company is required to provide collateral based on the value of the underlying cash. The Company pledges certain investment securities to satisfy its collateral requirements. Loans The Company offers mortgage loans on real estate, commercial and industrial loans, and consumer loans. A substantial portion of the Company’s loan portfolio is secured by mortgage loans on real estate. The ability of the Company’s borrowers to honor their loan agreements is dependent upon their ability to generate sufficient cash flow (business or personal), the value of the underlying collateral (e.g., real estate), and/or the general economic conditions in the Company’s market areas. Loans are reported at their recorded investment, which is the outstanding principal balance net of any unearned income and cost, such as deferred fees and costs, charge-offs, and discounts or premiums on acquired or purchased loans. Interest on loans is recognized into earnings over the contractual term of the loan and is calculated using the 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. The accounting for discounts and premiums on acquired or purchased loans differs if the loans were designated purchased credit-impaired or purchased performing as of the acquisition date, as described below. The accrual of interest is generally discontinued at the time a loan is 90 days or more past due, or earlier, if collection of principal or interest is not expected. Loans greater than 90 days past due may remain on accrual status if the credit is well-secured and in process of collection. Consumer loans are typically charged-off no later than when 180 days past due. Past due status is based on the contractual terms of the loan. In all cases, loans are charged-off at an earlier date if collection of principal and/or interest is considered doubtful. Nonaccrual and past due policies are materially the same for all types of loans, including impaired loans, with the exception of purchased credit-impaired (“PCI”) loans, as discussed below. All interest accrued but not collected for loans that are placed on nonaccrual or charged-off is reversed against interest income. 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 qualifying 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 is in process of collection. Loans Acquired in a Business Combination The Company accounts for loans acquired in a business combination in accordance with the Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (“ASC”) 805, Business Combinations Receivables-Nonrefundable Fees and Other Costs Loans and Debt Securities Acquired with Deteriorated Credit Quality PCI loans are those for which there is evidence of credit deterioration since origination and for which it is probable at the date of acquisition that the Company will not collect all contractually required principal and interest payments. When determining estimated fair value at acquisition, PCI loans were aggregated into pools of loans based on common characteristics such as loan type, date of origination, and evidence of credit quality deterioration, such as internal risk grades and past due and nonaccrual status. The Company must then estimate the amount and timing of expected cash flows for each loan pool, and the expected cash flows in excess of the estimated fair value is recorded as interest income over the remaining life of the loan pool as accretable yield. These estimates include certain prepayment assumptions based on the nature of each loan pool. The excess of the loan pools contractual principal and interest payments over expected future cash flows is not recorded in the Company’s consolidated financial statements (nonaccretable difference). Over the life of the loan pool, expected future cash flows continue to be estimated on a periodic basis. If the present value of expected future cash flows is less than the carrying amount, an impairment is recorded as a provision for loan losses. If the present value of expected future cash flows is greater than the carrying amount, the respective loan pool’s yield is adjusted and the additional income is recognized prospectively into earnings over the loan pool’s remaining life. Loans not designated as PCI loans as of the acquisition date were designated as purchased performing loans. The Company accounts for purchased performing loans using the contractual cash flows method of recognizing discount accretion or premium amortization based on the acquired loans’ contractual cash flows. Purchased performing loans were recorded at estimated fair value at the time of Merger, including a credit-related discount and a discount or premium for differences in interest rates of the acquired loans compared to market rates for similar loans as of the acquisition date (collectively referred to as a fair value mark). The fair value mark is accreted or amortized as an adjustment to yield over the remaining contractual lives of the loans. There is no allowance for loan losses established at the acquisition date for purchased performing or PCI loans. A provision for loan losses may be recorded for any deterioration in these loans subsequent to acquisition or when a fair value mark on a purchased performing loan is fully accreted, at which time it is evaluated for loan losses on a specific or general basis, as discussed below. A fair value mark may be fully accreted if the loan reaches its original contractual maturity date and is extended for any reason. Troubled Debt Restructurings (“TDR”) In some situations, for economic or legal reasons related to a borrower’s financial condition, the Company may grant a concession to a borrower that it would not otherwise consider. Concessions include new terms that provide for a reduction of the face amount or maturity amount of the debt as stated in the original agreement, a reduction (absolute or contingent) of the stated interest rate for the remaining original life of the loan, and/or an extension of the maturity date or dates at a stated interest rate lower than the current market rate for new debt with similar risk. Concessions granted to a borrower experiencing financial difficulties results in a loan that is subsequently classified as a troubled debt restructuring or TDR. Management strives to identify borrowers in financial difficulty early and work with them to modify their loan to more affordable terms before their loan reaches nonaccrual status to minimize the economic loss and to avoid foreclosure or repossession of underlying collateral, if any. Management assesses all TDRs for impairment as noted below for impaired loans. Loan 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 (“ALL”) The allowance for loan losses 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 category and for any 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 (if any) 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) all loans risk rated substandard or worse with balances of $400 thousand or more, and (2) all loans designated as TDRs. For the general component of the ALL, the Company collectively evaluates loans not evaluated individually for a specific reserve, plus 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 types. An unallocated component is maintained, if needed, to cover uncertainties that could affect management’s estimate of probable losses. The specific component of the ALL includes the loan loss reserve necessary on impaired loans. A loan is considered impaired when, based on current information and events, it is probable that the Company will be unable to collect the scheduled payments of principal or interest when due according to the contractual terms of the loan agreement. Factors considered by management in determining the amount of impairment include payment status, collateral value, and the probability of collecting scheduled principal and interest payments when due. Loans that experience insignificant payment delays or payment shortfalls generally are not considered impaired. Management determines the significance of payment delays and payment shortfalls on a case-by-case basis, taking into consideration all of the circumstances surrounding the loan and the borrower, including the length of the delay, the reasons for the delay, the borrower’s prior payment record, and the amount of the shortfall in relation to the principal and interest owed. Generally, impaired loans are placed on nonaccrual status if they meet the conditions as outlined above in the Loans The general component of the ALL evaluates groups of loans by types, as noted above. The types are: (1) mortgage loans on real estate; (2) commercial and industrial loans; and (3) consumer and other loans. Mortgage loans on real estate are further disaggregated into the following types: (a) construction, land and land development; (b) farmland; (c) residential first mortgages; (d) residential revolving and junior mortgages; (e) commercial mortgages (non-owner-occupied); and (f) commercial mortgages (owner-occupied). Historical loss factors are calculated for the prior 20 quarters by loan type, and then applied to the current balances in each loan grouping. Finally, qualitative factors are applied to each type or loans within each type with certain attributes, as applicable. The risk of loss generally varies depending on the loan type. Construction and land development loans carry risks that the project will not be finished according to schedule or according to budget and the value of the collateral, at any point in time, may be less than the principal amount of the loan. These loans also bear the risk that the general contractor or developer may face financial pressure unrelated to the project. Loans secured by land, farmland, and residential mortgages carry the risk of continued credit-worthiness of the borrower and changes in value of the underlying real estate collateral. Commercial mortgages and commercial and industrial loans carry risks associated with the profitable operation of a business and its related cash flows. Additionally, commercial and industrial loans carry risks associated with the value of collateral other than real estate, such as accounts receivable or inventory, which may fluctuate in value over time. Consumer loans carry risks associated with the continuing credit-worthiness of the borrower and are more likely than real estate loans to be adversely affected by unemployment, personal illness, bankruptcy, or divorce of an individual. Consumer loans secured by automobiles carry risks associated with rapidly depreciating collateral values. Consumer loans include loans and debt consolidation loans purchased from third parties. Additions to the ALL are made by charges to earnings through the provision for loan losses. Charge-offs to the ALL result from credit exposures deemed to be uncollectible. Loans are considered uncollectible when: (1) no regularly scheduled payment has been made within 120 days, and (2) the loan is unsecured, or (3) the borrower files for bankruptcy protection and there is no other financial support or guarantee from an entity outside of the bankruptcy proceedings (e.g., guarantor). As soon as any loan becomes uncollectible, the Company’s charge-off policy is based on whether the loan is unsecured or secured. If the loan is unsecured, the loan is charged-off in full. If the loan is secured, the outstanding principal balance of the loan is charged down to the net realizable value of the underlying collateral less estimated selling costs if the loan is collateral dependent. If the loan is not collateral dependent, the charge-off is based on management’s estimation of the net present value of future cash flows. Recoveries of previously charged-off amounts are credited to the ALL. The summation of the specific, general, and unallocated components results in the ALL. The ALL is inherently subjective and actual losses could be greater or less than estimated. Further, changes in the ALL and the related provision expense can materially affect net income. In addition, various regulatory agencies, as an integral part of their examination process, periodically review the Company’s ALL. Such agencies may require the Company to recognize additions or reductions to the allowance for loan losses based on their judgments of information available to them at the time of their examination. Mortgage Servicing Rights (“MSR”) Assets MSR assets represent a contractual agreement where the rights to service an existing mortgage are sold by the original lender to another party who specializes in the various functions of servicing mortgages. MSR assets can also result from the retention of servicing when an originated loan is sold in the secondary market. The Company accounts for its MSR asset using the fair value measurement method per ASC 860-50, Transfers and Servicing, Premises and Equipment, net Land is carried at cost. Premises and equipment, other than land, are carried at cost less accumulated depreciation. Depreciation is computed by the straight-line method over the estimated useful lives of the premises and equipment. Estimated useful lives range from 10 to 40 years for buildings, and from 3 to 10 years for furniture, fixtures, and equipment. Maintenance and repairs are charged to expense as incurred, and major improvements are capitalized. Leases On January 1, 2019, the Company adopted the requirements of Accounting Standards Update (“ASU”) 2016-02, Leases (Topic 842). 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 and are included in premises and equipment, net, in the Company’s consolidated balance sheets. 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 and are included in other liabilities in the Company’s consolidated balance sheets. 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. 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 Federal Home Loan Bank of Atlanta (“FHLB”) for the period that most closely coincided with the respective lease term as of the commencement date of the lease. In implementing 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 re-assess whether existing contracts 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 elected to use 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. Other Real Estate Owned, net (“OREO”) Other real estate owned), net of a valuation allowance, is reported on the consolidated balance sheets at the lower of cost or fair market value less estimated selling costs. Real estate properties acquired through, or in lieu of, loan foreclosure are marketed for sale and are initially recorded at fair value on the date of foreclosure less estimated selling costs, becoming the property’s cost basis. Upon acquisition (transfer), if the fair value of the property less estimated selling costs is less than the recorded investment of the loan, the difference is recorded as a charge-off to the ALL. Conversely, if upon transfer, the fair value of the property less estimated selling costs is in excess of the recorded investment of the loan, the difference is recorded as gain in noninterest expense on the consolidated statements of operations. Subsequent declines in the fair value of OREO below its initial cost basis are recorded as a valuation allowance against OREO and charged to noninterest expense. Revenue and expenses related to the operation or maintenance of OREO are included in expenses from foreclosed property in noninterest expense on the consolidated statements of operations. Finally, any gain or loss resulting from the sale or disposition of OREO is included in the net other real estate owned (gains) losses in noninterest expenses on the consolidated statements of operations. Goodwill and Intangible Assets Goodwill is an indefinite life intangible asset that represents the excess of the consideration paid or purchase price for an acquired entity over the fair value of the identifiable net assets acquired as of the acquisition date. The Company’s goodwill resulted from the Merger and from the acquisition of five branches during the years 1994 through 2000. Goodwill is tested for potential impairment on an annual basis in accordance with ASC 350, Intangibles-Goodwill and Other Intangible assets with definite useful lives are amortized over their estimated useful lives to their estimated residual values. The core deposit intangible asset resulting from the Merger is the only intangible asset with a definite useful life on the Company’s consolidated balance sheets and is being amortized over 92 months from the date of the Merger on an accelerated basis using the sum-of-years digits method. Long-lived assets, including purchased intangible assets subject to amortization, are reviewed for impairment whenever events or changes in circumstances indicate that the carrying amount of an asset may not be recoverable. Management concluded that no circumstances indicating an impairment of these assets existed as of December 31, 2019 and 2018. Bank Owned Life Insurance (“BOLI”) The Company invests in bank owned life insurance, which is life insurance purchased by the Bank on a selected group of employees. The Bank is the owner and primary beneficiary of the policies. BOLI is recorded in the Company’s consolidated balance sheets at the cash surrender value of the underlying policies. Earnings from the increase in cash surrender value of the policies are included in noninterest income on the consolidated statements of operations. The Bank has rights under the insurance contracts to redeem them for cash surrender value at any time; however, a redemption not upon the occurrence of death of an insured person is subject to taxation. Income Taxes Income taxes are accounted for using the balance sheet method in accordance with ASC 740, Accounting for Income Taxes When the Company’s federal tax returns are filed, it is highly certain that some positions taken would be sustained upon examination by the taxing authorities, while others are subject to uncertainty about the merits of the position taken or the amount of the position that would ultimately be sustained. The benefit of a tax position is recognized in the financial statements in the period during which, based on all available evidence, management believes it is more likely than not that the position will be sustained upon examination, including the resolution of appeals or litigation processes, if any. Tax positions taken are not offset or aggregated with other positions. Tax positions that meet the more-likely-than-not recognition threshold are measured as the largest amount of tax benefit that is more than 50 percent likely to be realized upon settlement with the applicable taxing authority. The portion of the benefits associated with tax positions taken that exceeds the amount measured as described above is reflected as a liability for unrecognized tax benefits in the accompanying consolidated balance sheets along with any associated interest and penalties that would be payable to the taxing authorities upon examination. Interest and penalties, if any, associated with unrecognized tax benefits are classified as additional income taxes in the consolidated statements of operations. The Company evaluates its net deferred tax asset on a quarterly basis to determine if it is more-likely-than-not those assets will be recovered and if a valuation allowance is needed. As of December 31, 2019 and 2018, the Company determined no valuation allowance related to its net deferred tax asset was necessary, as the expectation is that the Company will generate sufficient taxable income in future years to absorb all of its net deferred tax asset. Employee Benefit Plans The Company has a noncontributory cash balance benefit pension plan, which was frozen in 2012. The plan covers employees who had become vested in the plan as of the date it was frozen. The Company also sponsored a post-retirement benefit plan covering eligible retirees’ medical and life insurance benefits, which was also frozen to new employees as of March 1, 2018. The Company accounts for both its pension and post-retirement benefit plans in accordance with ASC 715, Compensation-Retirement Benefits. The Company also sponsors an Employee Stock Ownership Plan (“ESOP”) and a 401(k) deferred contribution retirement plan for the benefit of all eligible employees. Earnings Per Share Basic earnings per share represent income available to common shareholders divided by the weighted average number of common shares outstanding during the period. Diluted earnings per share reflect additional common shares that would have been outstanding if dilutive potential common shares had been issued. Potential common shares that may be issued by the Company relate to outstanding stock options and restricted stock awards. Shares allocated to participants of the Company’s ESOP and unallocated shares that collateralize ESOP borrowings but that are committed to be released are also included in basic and diluted weighted average shares outstanding. However, shares held by the ESOP, that collateralize ESOP borrowings and that are not committed to be released are excluded from both basic and diluted weighted average shares outstanding. Off-balance-sheet Financial Instruments In the ordinary course of business, the Bank enters into off-balance-sheet financial agreements such as construction loan commitments, home equity lines of credit, overdraft protection lines of credit, unsecured lines of credit, working capital loan commitments, and standby letters of credit. Such financial instruments are recorded in the financial statements when they are funded. Share-based Compensation The Company accounts for its share-based compensation awards for employees and directors in accordance with ASC 718, Compensation-Stock Compensation. Revenue Recognition On January 1, 2018, the Company adopted ASU No. 2014-09, Revenue from Contracts with Customers Recent Accounting In December 2019, the FASB issued ASU 2019-12, Income Taxes (Topic 740) In August 2018, the FASB issued ASU 2018-13, Fair Value Measurement (Topic 820) Fair Value Measurement In June 2016, the FASB issued ASU 2016-13, Financial Instruments – Credit Losses (Topic 326),

Cash Reserves

Cash Reserves	12 Months Ended
	Dec. 31, 2019
Cash And Cash Equivalents [Abstract]
Cash Reserves	Note 3. Cash Reserves To comply with regulations of the Board of Governors of the Federal Reserve System (the “Federal Reserve”), the Bank is required to maintain certain average cash reserve balances. The daily average cash reserve requirement as of December 31, 2019 and December 31, 2018 was $13.1 million and $11.2 million, respectively. The Bank was in compliance with this requirement as of December 31, 2019 and December 31, 2018.

Securities

Securities	12 Months Ended
	Dec. 31, 2019
Investments Debt And Equity Securities [Abstract]
Securities	Note 4. Securities The following tables present the aggregate amortized cost, unrealized gains and losses, and fair values of available-for-sale securities as of dates stated. Gross Gross Amortized Unrealized Unrealized Fair December 31, 2019 Cost Gains (Losses) Value U.S. Government agencies and mortgage backed securities $ 67,491 $ 284 $ (178 ) $ 67,597 State and municipal obligations 16,238 341 (3 ) 16,576 Corporate bonds 15,165 116 — 15,281 Total available-for-sale securities $ 98,894 $ 741 $ (181 ) $ 99,454 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 The cost of a security sold is based on amortized cost at the time of the sale. The following table presents the gross realized gains and gross realized losses, as well as proceeds from sales and calls of available-for-sale securities, for the periods presented. For the Year Ended December 31, 2019 2018 Gross realized gains $ 13 $ — Gross realized (losses) (14 ) — Net realized loss $ (1 ) $ — Aggregate proceeds $ 5,005 $ — Securities with fair values of $11.1 million and $17.5 million were pledged as collateral for securities sold under repurchase agreements as of December 31, 2019 and 2018, respectively. As of December 31, 2019 and 2018, all the securities pledged for repurchase agreements were state and municipal debt obligations. All the repurchase agreements had remaining contractual maturities that were overnight and continuous. Securities sold under repurchase agreements were $6.5 million and $6.1 million as of December 31, 2019 and 2018, respectively, and are reported as 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 December 31, 2019 and 2018 by period of the unrealized loss. The unrealized loss positions were related to interest rate movements and not the credit quality of the issuers. All U.S. Government 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 expects 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 December 31, 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 $ 12,356 $ (53 ) $ 16,930 $ (125 ) $ 29,286 $ (178 ) State and municipal obligations 1 610 (3 ) - - 610 (3 ) Total temporarily impaired securities 39 $ 12,966 $ (56 ) $ 16,930 $ (125 ) $ 29,896 $ (181 ) 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. December 31, 2019 December 31, 2018 Amortized Cost Fair Value Amortized Cost Fair Value Due in one year or less $ 10,528 $ 10,563 $ 1,080 $ 1,079 Due after one year but less than five years 49,586 49,921 47,065 46,358 Due after five years but less than ten years 33,332 33,535 26,615 26,149 Due after ten years 5,448 5,435 9,044 8,646 Total available-for-sale securities $ 98,894 $ 99,454 $ 83,804 $ 82,232 Restricted Securities The Company’s investment in FHLB stock totaled $2.9 million and $5.1 million at December 31, 2019 and 2018, respectively. The Company also had an investment in FRB stock, which totaled $2.6 million and $2.3 million at December 31, 2019 and 2018, respectively, and an investment in the stock of the Bank’s primary correspondent bank totaling $220 thousand at December 31, 2019 and 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, per charter provisions related to the FHLB and FRB stock, all repurchase transactions of such stock must occur at par. Accordingly, these securities are carried at cost and are included in restricted securities on the consolidated balance sheets.

Loans

Loans	12 Months Ended
	Dec. 31, 2019
Receivables [Abstract]
Loans	Note 5. Loans The following table presents the Company’s composition of loans as of the dates stated. December 31, 2019 December 31, 2018 Mortgage loans on real estate: Construction, land and land development $ 126,010 $ 109,475 Commercial mortgages (non-owner occupied) 196,143 180,074 Commercial mortgages (owner occupied) 82,829 87,241 Residential first mortgages 293,913 298,894 Residential revolving and junior mortgages 31,893 38,313 Commercial and industrial 181,730 164,608 Consumer 11,985 23,740 Total loans 924,503 902,345 Net unamortized deferred loan fees (313 ) (252 ) Allowance for loan losses (7,562 ) (7,902 ) Loans receivable, net $ 916,628 $ 894,191 As of December 31, 2019 and 2018, the Company had $369.5 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 $288.8 million and $229.1 million as of December 31, 2019 and 2018, respectively. The following tables present the recorded investment for past due 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 PCI loans. 90 Days or 30-89 More Past Total Past Days Due and Due and Total December 31, 2019 Past Due Still Accruing Nonaccruals Nonaccruals Current Loans Mortgage loans on real estate: Construction, land and land development $ 77 $ — $ 417 $ 494 $ 125,516 $ 126,010 Commercial mortgages (non-owner occupied) 126 — 433 559 195,584 196,143 Commercial mortgages (owner occupied) 173 — 587 760 82,069 82,829 Residential first mortgages 3,904 16 1,403 5,323 288,590 293,913 Residential revolving and junior mortgages 52 — 724 776 31,117 31,893 Commercial and industrial 570 — 670 1,240 180,490 181,730 Consumer 139 — 242 381 11,604 11,985 Total loans $ 5,041 $ 16 $ 4,476 $ 9,533 $ 914,970 $ 924,503 90 Days or 30-89 More Past Total Past Days Due and Due and Total December 31, 2018 Past Due Still Accruing Nonaccruals Nonaccruals Current 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 present an aging analysis, based upon contractual terms, of the recorded investment of PCI loans as of the dates stated, which are included in the tables above. 90 Days or 30-89 More Past Total Past Days Due and Due and Total December 31, 2019 Past Due Still Accruing Nonaccruals Nonaccruals Current Loans Mortgage loans on real estate: Construction, land and land development $ — $ — $ — $ — $ 1,357 $ 1,357 Commercial mortgages (non-owner occupied) 126 — — 126 — 126 Commercial mortgages (owner occupied) 25 — — 25 229 254 Residential first mortgages 239 16 — 255 2,836 3,091 Residential revolving and junior Mortgages — — — — — — Commercial and industrial — — — — — — Consumer — — — — 42 42 Total purchased credit-impaired loans $ 390 $ 16 $ — $ 406 $ 4,464 $ 4,870 90 Days or 30-89 More Past Total Past Days Due and Due and Total December 31, 2018 Past Due Still Accruing Nonaccruals Nonaccruals Current 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 the accretable yield for PCI loans for the periods stated. For the Year Ended December 31, 2019 December 31, 2018 Balance at beginning of year $ 1,083 $ 1,087 Accretion of acquisition accounting adjustment (382 ) (358 ) Reclassifications from (to) nonaccretable balance, net 56 (46 ) Other changes, net 216 400 Balance at end of year $ 973 $ 1,083 The following tables present the Company’s risk rating of loans by loan type as of the dates stated. December 31, 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 $ 123,916 $ 195,584 $ 81,936 $ 290,322 $ 31,084 $ 177,608 $ 11,729 $ 912,179 Special mention — — 149 1,091 86 2,289 — 3,615 Substandard 2,094 559 744 2,500 723 1,833 256 8,709 Doubtful — — — — — — — — Total loans $ 126,010 $ 196,143 $ 82,829 $ 293,913 $ 31,893 $ 181,730 $ 11,985 $ 924,503 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	12 Months Ended
	Dec. 31, 2019
Receivables [Abstract]
Allowance for Loan Losses	Note 6. Allowance for Loan Losses The following tables present the ALL and the amount of loans evaluated for impairment, individually and collectively, by loan type as of the dates stated. December 31, 2019 Mortgage Loans on Real Estate Commercial and Industrial Consumer Total Allowance for loan losses applicable to: Loans individually evaluated for impairment $ 878 $ 49 $ 112 $ 1,039 Loans collectively evaluated for impairment 4,494 1,522 507 6,523 Purchased credit-impaired loans — — — — Total allowance on loan losses $ 5,372 $ 1,571 $ 619 $ 7,562 Loan balances applicable to: Loans individually evaluated for impairment $ 5,502 $ 455 $ 112 $ 6,069 Loans collectively evaluated for impairment 720,458 181,275 11,831 913,564 Purchased credit-impaired loans 4,828 — 42 4,870 Total loans $ 730,788 $ 181,730 $ 11,985 $ 924,503 December 31, 2018 Mortgage Loans on Real Estate Commercial and Industrial Consumer Total 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 on 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 as of and for the periods stated. For the Year Ended December 31, 2019 Mortgage Loans on Real Estate Commercial and Industrial Consumer Total Beginning Balance $ 4,967 $ 1,374 $ 1,561 $ 7,902 Charge-offs (455 ) — (1,470 ) (1,925 ) Recoveries 140 2 261 403 Provision 720 195 267 1,182 Ending Balance $ 5,372 $ 1,571 $ 619 $ 7,562 For the Year Ended December 31, 2018 Mortgage Loans on Real Estate Commercial and Industrial Consumer Total Beginning Balance $ 3,864 $ 878 $ 3,028 $ 7,770 Charge-offs (202 ) (116 ) (1,374 ) (1,692 ) Recoveries 110 1 362 473 Provision (recovery of) 1,195 611 (455 ) 1,351 Ending Balance $ 4,967 $ 1,374 $ 1,561 $ 7,902 The recovery of loan losses for consumer loans of $455 thousand for the year ended December 31, 2018 included a benefit of $580 thousand to correct for an overstatement recorded in the Company’s ALL for acquired loans as of December 31, 2017, as reported in the Company’s 2018 Form 10-K. 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, as of the dates stated. As of December 31, 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 $ 17 $ 17 $ — $ 335 $ 406 $ — Commercial mortgages (non-owner occupied) — — — 386 386 — Commercial mortgages (owner occupied) 419 419 — — — — Residential first mortgages 510 510 — — — — Residential revolving and junior mortgages — — — 1,028 1,028 — Commercial and industrial — — — — — — Consumer — — — — — — Total impaired loans with no related allowance 946 946 — 1,749 1,820 — With an allowance recorded: Construction, land and land development 171 171 44 275 275 132 Commercial mortgages (non-owner occupied) 433 433 58 443 443 18 Commercial mortgages (owner occupied) 1,048 1,048 53 1,069 1,069 57 Residential first mortgages 2,857 2,857 676 3,447 3,447 565 Residential revolving and junior mortgages 47 47 47 502 502 264 Commercial and industrial 455 455 49 — — — Consumer 112 112 112 121 121 121 Total impaired loans with allowance recorded 5,123 5,123 1,039 5,857 5,857 1,157 Total Impaired Loans: Construction, land and land development 188 188 44 610 681 132 Commercial mortgages (non-owner occupied) 433 433 58 829 829 18 Commercial mortgages (owner occupied) 1,467 1,467 53 1,069 1,069 57 Residential first mortgages 3,367 3,367 676 3,447 3,447 565 Residential revolving and junior mortgages 47 47 47 1,530 1,530 264 Commercial and industrial 455 455 49 — — — Consumer 112 112 112 121 121 121 Total impaired loans $ 6,069 $ 6,069 $ 1,039 $ 7,606 $ 7,677 $ 1,157 The following table presents the average recorded investment and interest income recognized for impaired loans, excluding PCI loans, for the periods presented. For the Year Ended December 31, 2019 December 31, 2018 Average Recorded Investment Interest Income Recognized Average Recorded Investment Interest Income Recognized With no related allowance: Construction, land and land development $ 18 $ 1 $ 382 $ 13 Commercial mortgages (non-owner occupied) — — — — Commercial mortgages (owner occupied) 408 27 394 24 Residential first mortgages 514 27 760 — Residential revolving and junior mortgages — — — 44 Commercial and industrial — — — — Consumer — — — — Total impaired loans with no allowance 940 55 1,536 81 With an allowance recorded: Construction, land and land development 214 21 267 18 Commercial mortgages (non-owner occupied) 436 32 267 12 Commercial mortgages (owner occupied) 1,058 56 1,061 47 Residential first mortgages 2,586 100 3,037 150 Residential revolving and junior mortgages 47 7 149 6 Commercial and industrial 628 30 — — Consumer 118 4 133 11 Total impaired loans with allowance recorded 5,087 250 4,914 244 Total impaired loans: Construction, land and land development 232 22 649 31 Commercial mortgages (non-owner occupied) 436 32 267 12 Commercial mortgages (owner occupied) 1,466 83 1,455 71 Residential first mortgages 3,100 127 3,797 194 Residential revolving and junior mortgages 47 7 149 6 Commercial and industrial 628 30 — — Consumer 118 4 133 11 Total impaired loans $ 6,027 $ 305 $ 6,450 $ 325 The following table presents a reconciliation of nonaccrual loans to impaired loans as of the dates stated. December 31, 2019 December 31, 2018 Nonaccrual loans $ 4,476 $ 5,206 Nonaccrual loans collectively evaluated for impairment (1,895 ) (2,040 ) Nonaccrual impaired loans 2,581 3,166 TDRs on accrual 3,270 4,115 Other impaired loans on accrual 218 325 Total impaired loans $ 6,069 $ 7,606 Troubled Debt Restructurings Loans modified as TDRs are considered impaired and are individually evaluated for impairment as part of the Company’s ALL process. The following table presents by loan type information related to loans modified as TDRs for the periods presented. For the Year Ended For the Year Ended December 31, 2019 December 31, 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 Residential first mortgages (1) 1 $ 159 $ 159 9 $ 1,315 $ 1,324 Commercial mortgages (owner occupied) (2) 1 52 52 1 644 672 (1) The modification in the 2019 period was a loan interest rate reduction while the modifications in the 2018 period consisted of seven loans with term extensions, one loan with interest capitalized to principal, and one loan with an interest rate reduction. (2) The modification in the 2019 period was an extension of the loan’s terms while the modification in the 2018 period was one loan with interest capitalized to principal. No loans designated as TDRs subsequently defaulted in the twelve months following the restructuring in the years ended December 31, 2019 and 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 (823 ) (193 ) (1,016 ) New TDR designation 208 — 208 Release TDR designation (162 ) — (162 ) Transfer (68 ) 68 — Balance as of December 31, 2019 $ 3,270 $ 1,352 $ 4,622

Premises and Equipment, net

Premises and Equipment, net	12 Months Ended
	Dec. 31, 2019
Property Plant And Equipment [Abstract]
Premises and Equipment, net	Note 7. Premises and Equipment, net Components of premises and equipment, net of accumulated depreciation, included in the consolidated balance sheets as of the dates stated were as follows. December 31, 2019 December 31, 2018 Land and improvements $ 4,226 $ 4,639 Buildings and improvements 18,099 20,261 Furniture and equipment 11,417 13,218 Right of use assets 4,285 — Total cost 38,027 38,118 Less accumulated depreciation (17,886 ) (19,949 ) Premises and equipment, net $ 20,141 $ 18,169 Depreciation and amortization expense for the years ended December 31, 2019 and 2018 totaled $1.7 million and $1.6 million, respectively, which is recorded in occupancy in noninterest expense on the consolidated statement of operations.

Other Real Estate Owned, Net

Other Real Estate Owned, Net	12 Months Ended
	Dec. 31, 2019
Banking And Thrift [Abstract]
Other Real Estate Owned, Net	Note 8. Other Real Estate Owned, net Other real estate owned is presented net of a valuation allowance for changes in the fair market value of the underlying properties subsequent to transfer into OREO. The following table presents the number and carrying value of properties included in OREO, net, as of the dates stated. December 31, 2019 December 31, 2018 Number of Carrying Number of Carrying Properties Value Properties Value Residential 4 $ 302 6 $ 1,339 Land 13 1,354 17 1,741 Commercial 1 260 3 517 Total 18 $ 1,916 26 $ 3,597 The following table presents the components of the OREO valuation allowance as of and for the periods stated. For the Year Ended December 31, 2019 2018 Balance, beginning of year $ 415 $ 461 Valuation adjustments 434 21 Charge-offs (505 ) (67 ) Balance, end of year $ 344 $ 415 The following table presents OREO-related activity reported in the consolidated statements of operations for the periods stated. For the Year Ended December 31, 2019 2018 Net loss (gain) on sale of other real estate owned $ 26 $ (128 ) Valuation adjustments 434 21 Foreclosed property expense, net of income 141 171 Total expenses $ 601 $ 64 There was one residential mortgage loan totaling $94 thousand in the process of foreclosure as of December 31, 2019.

Goodwill and Intangible Assets

Goodwill and Intangible Assets	12 Months Ended
	Dec. 31, 2019
Goodwill And Intangible Assets Disclosure [Abstract]
Goodwill and Intangible Assets	Note 9. Goodwill and Intangible Assets The Company tested goodwill for impairment as of September 30, 2019 and determined that the Company’s net book value exceeded its market capitalization. A deficiency in a company’s market capitalization relative to its net book value is a “triggering event” that may indicate that goodwill is impaired. As a result, management evaluated qualitative factors such as the Company’s strong liquidity, capital, and asset quality ratios and improved earnings in 2019, and determined that these positive factors outweighed the deficiency of the Company’s market capitalization relative to its net book value and concluded that the Company’s goodwill was not impaired. The Company re-tested goodwill for potential impairment as of December 31, 2019, and noted that while the Company’s market capitalization was still below its net book value, the deficiency had reduced since September 30, 2019. Management also reassessed the same qualitative factors from its September 30, 2019 goodwill impairment evaluation and determined that the positive factor trends outweighed the Company’s market capitalization deficiency as of December 31, 2019 and concluded that the Company’s goodwill was not impaired. Other intangible assets include a core deposit intangible asset and MSR assets, both recorded as a result of the Merger. The core deposit intangible asset is being amortized over the period of the expected benefit, which is 92 months from the date of the Merger, using the sum-of-years digits method. The Company accounts for its MSR assets under the fair value measurement method per ASC 860-50. For the year ended December 31, 2019, the Company recorded $42 thousand of expense attributable to the fair value decline in the MSR assets, which is included in secondary market sales and servicing income in the consolidated statements of operations. The following table presents information on intangible assets, other than goodwill, as of the dates stated. Gross Carrying Accumulated Net Carrying December 31, 2019 Value Amortization Value Core deposit intangibles $ 3,670 $ 2,152 $ 1,518 Mortgage servicing rights 935 — 935 Total $ 4,605 $ 2,152 $ 2,453 Gross Carrying Accumulated Net Carrying December 31, 2018 Value Amortization Value Core deposit intangibles $ 3,670 $ 1,477 $ 2,193 Mortgage servicing rights 977 — 977 Total $ 4,647 $ 1,477 $ 3,170 Amortization expense of the core deposit intangible asset for the years ended December 31, 2019 and 2018, totaled $674 thousand and $798 thousand, respectively. As of December 31, 2019, the estimated remaining amortization expense of the core deposit intangible asset is presented in the following table for the periods presented. 2020 $ 551 2021 427 2022 304 2023 180 2024 56 Thereafter — Total estimated amortization expense $ 1,518

Income Taxes

Income Taxes	12 Months Ended
	Dec. 31, 2019
Income Tax Disclosure [Abstract]
Income Taxes	Note 10. Income Taxes The current portion of the provision for income taxes is based upon the results of operations, adjusted for the effect of certain tax-exempt income and nondeductible expenses and income and expenses realized in the current period for the tax purposes. Certain items of income and expense are reported in different periods for financial reporting and income tax return purposes resulting in temporary differences. The tax effects of these temporary differences are recognized currently in the deferred income tax provision or benefit. The following table presents current and deferred income tax expense (benefit) for the periods stated. Year Ended December 31, 2019 2018 Current (benefit) expense $ 1,241 $ (313 ) Deferred expense 408 846 Income tax expense $ 1,649 $ 533 The Company files a consolidated federal income tax return with the Internal Revenue Service. The Commonwealth of Virginia does not assess an income tax on regulated financial institutions; instead, the Bank pays a bank franchise tax, based primarily on the Bank’s capital (i.e., shareholders’ equity), to the Commonwealth of Virginia and its municipalities, which is reported as noninterest expense in the consolidated statements of operations. Bank franchise tax expense was $864 thousand and $726 thousand for the years ended December 31, 2019 and 2018, respectively. The Company files an income tax return in the Commonwealth of Virginia for the parent company. The following table presents the federal statutory income tax rate reconciled to the Company’s effective income tax rate for the periods stated. Year Ended December 31, 2019 2018 Federal statutory income tax rate 21.0 % 21.0 % Increase (decrease) resulting from: Net tax-exempt income (2.8 %) (5.6 %) Income tax return to provision adjustment 0.2 % (3.9 %) Other, net 0.5 % 0.6 % Federal effective income tax rate 18.9 % 12.1 % Deferred tax assets or liabilities are computed based on the difference between the financial statement and income tax bases of assets and liabilities. These differences will result in deductible or taxable amounts in a future year(s) when the reported amounts of assets or liabilities are settled. The following table presents the components of the net deferred tax asset as of the dates stated using a statutory income tax rate of 21%. The Company has concluded that it is more likely than not that its deferred tax assets will be utilized in future periods; therefore, no valuation allowance has been recorded against all or a portion of its deferred tax assets. December 31, 2019 December 31, 2018 Deferred tax assets Allowance for loan losses $ 1,588 $ 1,629 Other real estate owned 203 226 Pension and post-retirement benefit plans 179 127 Unrealized losses on available-for-sale securities — 333 Deferred and share-based compensation plans 317 237 Fair value adjustments on acquired loans and time deposits resulting from the Merger 500 969 Net deferred loan fees 66 53 Other 252 124 Total deferred tax assets 3,105 3,698 Deferred tax liabilities Depreciation of fixed assets (556 ) (359 ) Amortization of goodwill and core deposit intangible asset (909 ) (1,050 ) Premium on fixed assets acquired in the Merger (518 ) (553 ) Unrealized gains on available-for-sale securities (116 ) — Recapture of bad debts experience reserve (102 ) (178 ) Other (85 ) (48 ) Total deferred tax liabilities (2,286 ) (2,188 ) Deferred tax asset, net $ 819 $ 1,510 The Company had no unrecognized tax benefits recorded as of December 31, 2019 and 2018. Tax years prior to 2016 are no longer open for Internal Revenue Service audit.

Deposits

Deposits	12 Months Ended
	Dec. 31, 2019
Banking And Thrift [Abstract]
Deposits	Note 11. Deposits The following table presents a summary of deposit accounts as of the dates stated. December 31, 2019 December 31, 2018 Noninterest-bearing demand deposits $ 137,933 $ 114,122 Interest-bearing: Savings deposits 56,785 57,472 Demand deposits 71,750 76,302 Money market deposits 254,072 225,626 Time deposits less than $250 299,649 306,720 Time deposits $250 or more 90,251 61,950 Total $ 910,440 $ 842,192 The following table presents the scheduled maturities of time deposits, as of December 31, 2019. 2020 $ 222,413 2021 64,611 2022 34,238 2023 52,381 2024 16,223 Thereafter 34 Total $ 389,900 As of December 31, 2019 and 2018, overdraft demand deposits reclassified to loans totaled $152 thousand and $110 thousand, respectively.

Borrowings

Borrowings	12 Months Ended
	Dec. 31, 2019
Debt Disclosure [Abstract]
Borrowings	Note 12. Borrowings FHLB Advances As of December 31, 2019 and 2018, the Company had $45.0 million and $100.0 million, respectively, of outstanding FHLB advances, consisting of five and four advances, respectively. FHLB advances are secured by a blanket lien of $288.8 million on qualified one-to-four family real estate, commercial real estate, and multi-family residential loans. Immediate available credit, as of December 31, 2019, was $200.9 million against a total line of credit of $276.9 million. As of December 31, 2019, the Bank had $31.0 million of letters of credit issued by 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 for Public Deposits Act. The letters of credit are not outstanding borrowings, but reduce the available credit under FHLB credit facility. The following table presents information regarding the FHLB advances outstanding as of December 31, 2019. Maturity Balance Originated Interest Rate Date Adjustable rate hybrid $ 10,000 4/12/2013 4.38 % 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 Fixed rate credit 5,000 11/27/2019 1.72 % 1/3/2020 Total FHLB advances $ 45,000 2.55 % Securities Sold Under Repurchase Agreements Securities sold under repurchase agreements were $6.5 million and $6.1 million as of December 31, 2019 and 2018, respectively. Securities sold under agreements to repurchase are secured transactions with customers, generally mature the day following the day sold, and can be changed at the option of the Company with minimal risk of loss due to fair value. During 2019 and 2018, the average rate of the repurchase agreements was 0.22%. 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, a holder 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 for regulatory reporting. The aggregate carrying value of the 2025 Notes, including capitalized, unamortized debt issuance costs, was $6.9 million at both December 31, 2019 and 2018. For the year ended December 31, 2019 and 2018, the effective interest rate on the 2025 Notes was 6.83% and 6.85%, respectively. On October 7, 2019, the Company completed a private placement of $25.0 million in fixed-to-floating rate subordinated notes due 2029 (the “2029 Notes”). The 2029 Notes were 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 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 Secured Overnight Funding Rate (“SOFR”) (as defined in the 2029 Notes) plus 433.5 basis points, payable quarterly in arrears. If an event of default occurs, such as the bankruptcy of the Company, a holder may declare the principal amount of the 2029 Notes to be due and immediately payable. The 2029 Notes are unsecured, subordinated obligations of the Company and rank junior in right of payment to the Company’s existing and future senior indebtedness and rank in parity with the 2025 Notes. 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. The aggregate carrying value of the 2029 Notes, including capitalized, unamortized debt issuance costs was $24.1 million at December 31, 2019. For the year ended December 31, 2019, the effective interest rate on the 2029 Notes was 6.22%. ESOP Debt The aggregate carrying value of debt secured by shares of Company stock, issued and outstanding, in the Company’s Employee Stock Ownership Plan (“ESOP”) was $1.5 million and $1.7 million at December 31, 2019 and 2018, respectively, and was reported in other liabilities on the consolidated balance sheets. As of December 31, 2019, the debt was comprised of three fixed rate amortizing notes, which carry an interest rate of 3.25% with maturity dates ranging from March 1, 2025 to November 1, 2026, and two variable rate amortizing notes (5.50% as of December 31, 2019) with maturity dates ranging from June 14, 2024 to December 31, 2027. Shares that collateralize these loans are not allocated to ESOP participants’ accounts. Federal Funds Lines Unused lines of credit with nonaffiliated banks, excluding FHLB, totaled $41.0 million and $21.0 million at December 31, 2019 and 2018, respectively. Draws upon these lines have time limits varying from two to four consecutive weeks. The banks providing these lines can change the interest rates on these lines daily. The lines renew annually and can be cancelled at any time.

Employee Benefit Plans

Employee Benefit Plans	12 Months Ended
	Dec. 31, 2019
Compensation And Retirement Disclosure [Abstract]
Employee Benefit Plans	Note 13. Employee Benefit Plans Pension Plan The Company has a non-contributory, cash balance defined benefit pension plan (the “Pension Plan”) for employees who were vested in the plan as of December 31, 2012, the date the plan was frozen (i.e., curtailed). Each participant’s account balance grows based on monthly interest credits. The Pension Plan is partially funded by assets invested for the benefit of the plan participants. The Pension Plan assets are held by a third-party qualified trust and are not included in the Company’s consolidated balance sheets. The Company made contributions totaling $186 thousand and $0 to the Pension Plan for the 2019 and 2018 plan year, respectively. The accumulated benefit obligation for the Pension Plan was $2.0 million and $1.6 million as of December 31, 2019 and 2018, respectively. The unfunded liability for the Pension Plan, included in other liabilities in the Company’s consolidated balance sheets, was $728 thousand and $483 thousand as of December 31, 2019 and 2018, respectively. The Pension Plan sponsor selects the assumption for the expected long-term rate of return on assets held by the qualified trust in consultation with its investment advisors and actuary. This rate is intended to reflect the average rate of earnings expected to be earned on the funds invested or to be invested to provide plan benefits. Historical performance is reviewed, especially with respect to real rates of return (i.e., net of inflation), for the major asset classes held or anticipated to be held by the qualified trust and for the qualified trust itself. Undue weight is not given to recent experience that may not continue over the measurement period, with higher significance placed on current forecasts of future long-term economic conditions. Because assets are held in a qualified trust, anticipated returns are not reduced for taxes. Further, solely for this purpose, the Pension Plan is assumed to continue in force and not terminate during the period during which assets are invested. However, consideration is given to the potential impact of current and future investment policy, cash flow into and out of the qualified trust, and expenses (both investment and non-investment) typically paid from the Pension Plan’s assets (to the extent such expenses are not explicitly estimated within periodic cost). The qualified trust assets are sufficiently diversified to maintain a reasonable level of risk without imprudently sacrificing return. The investment manager of the qualified trust selects investment fund managers with demonstrated experience and expertise and funds with demonstrated historical performance for the implementation of the plan’s investment strategy. The qualified trust assets are not included in the Company’s consolidated balance sheets as of December 31, 2019 and 2018 and are considered Level 1 from a fair value hierarchy perspective. The following table presents the Pension Plan’s assets by asset type as of the periods stated. December 31, 2019 December 31, 2018 Asset type Amount % Amount % Mutual funds - equity $ 794 61 % $ 658 59 % Mutual funds - fixed income 500 39 % 458 41 % Cash and cash equivalents 2 0 % - 0 % Total $ 1,296 100 % $ 1,116 100 % Post-retirement Benefit Plan The Company also sponsored a post-retirement benefit plan (the “PRB Plan”) covering retirees who were age 55 with 10 years of service or age 65 with five years of service prior to March 1, 2018, when the plan was curtailed. The Company recognized a gain on the curtailment of the post-retirement benefit plan of $352 thousand on March 1, 2018, which is included in the Company’s consolidated statements of operations for the year ended December 31, 2018. The PRB Plan provides coverage toward a retiree’s eligible medical and life insurance benefits. The PRB Plan is unfunded and benefits are expensed as incurred. The Company expects to make no contributions to the PRB Plan in future periods. The accumulated (unfunded) benefit obligation for the PRB Plan was $73 thousand and $71 thousand as of December 31, 2019 and 2018, respectively. The following table provides a reconciliation of changes in the accumulated benefit obligations and fair value of qualified trust assets (Pension Plan only) and a statement of funded (unfunded) status for the Pension Plan and the PRB Plan as of and for the periods stated. Pension Plan PRB Plan 2019 2018 2019 2018 Change in benefit obligation Benefit obligation, beginning of year $ 1,599 $ 3,273 $ 71 $ 457 Service cost — — — 3 Interest cost 72 94 3 5 Actuarial loss (gain) 576 (694 ) 5 (36 ) Benefit payments (213 ) (1,295 ) (6 ) (6 ) Curtailment/termination gain — — — (352 ) Settlement (gain) loss (10 ) 221 — — Benefit obligation, end of year 2,024 1,599 73 71 Change in plan assets Fair value of plan assets, beginning of year 1,116 2,465 — — Actual return (loss) on plan assets 207 (54 ) — — Employer contributions 186 — 6 6 Benefits payments (213 ) (1,295 ) (6 ) (6 ) Fair value of plan assets, end of year 1,296 1,116 — — Unfunded status, end of year $ (728 ) $ (483 ) $ (73 ) $ (71 ) The following table provides details regarding amounts included in the consolidated financial statements for the Pension Plan and the PRB Plan for the periods presented. Pension Plan PRB Plan Year Ended December 31, Year Ended December 31, 2019 2018 2019 2018 Amounts recognized in accumulated other comprehensive loss (income) Net loss (gain) $ 767 $ 447 $ (321 ) $ (354 ) Prior service cost — — — — Net obligation at transition — — — — Amount recognized $ 767 $ 447 $ (321 ) $ (354 ) Components of net periodic benefit cost (gain) Service cost $ — $ — $ — $ 3 Interest cost 72 94 3 5 Expected return on plan assets (72 ) (153 ) — — Amortization of prior service cost — — — — Amortization of net obligation at transition — — (28 ) (26 ) Curtailment/termination gain — — — (352 ) Recognized net loss due to settlement 66 422 — — Recognized net actuarial loss 45 51 — — Net periodic benefit cost (gain) 111 414 (25 ) (370 ) Other changes in plan assets and benefit obligations recognized in accumulated other comprehensive (income) loss Net loss (gain) 320 (739 ) 33 (10 ) Amortization of prior service cost — — — — Amortization of net obligation at transition — — — — Total recognized in other comprehensive loss (income) 320 (739 ) 33 (10 ) Total recognized in net periodic benefit cost and other comprehensive loss (income) $ 431 $ (325 ) $ 8 $ (380 ) The following table provides the actuarial assumptions used to derive the information reported in the consolidated financial statements as of and for the periods presented. Pension Plan PRB Plan As of and for the year ended December 31, As of and for the year ended December 31, 2019 2018 2019 2018 Discount rate used for net periodic pension cost 4.25 % 3.50 % 4.25 % 4.25 % Discount rate used for disclosure 3.25 % 4.25 % 3.25 % 4.25 % Expected return on plan assets 7.25 % 7.25 % N/A N/A Rate of compensation increase N/A N/A N/A N/A Rate of compensation increase for net periodic pension cost N/A N/A N/A N/A Expected future interest crediting rate 3.00 % 3.00 % N/A N/A The following table provides estimated future benefit payments (cash) for the Pension Plan and PRB Plan for the periods presented. Pension Plan PRB Plan 2020 $ 289 $ 7 2021 108 7 2022 35 7 2023 238 7 2024 112 6 2025 - 2029 624 26 Deferred Compensation Plan The Company sponsors a nonqualified deferred compensation plan for certain eligible employees and directors, which allows employees to defer up to 100% of their base salary and/or bonus on an annual basis and directors to defer all or a portion of their board fees. Amounts deferred pursuant to the plan can be invested in various mutual funds, with the portfolio composition up to the discretion of the respective employee or director. The assets in the plan, which are held in a nonqualified deferred compensation rabbi trust, and the associated deferred compensation liability are included in other assets and other liabilities, respectively, in the Company’s consolidated balance sheets and total $1.1 million and $972 thousand as of December 31, 2019 and 2018, respectively. The assets held by the rabbi trust are subject to the general unsecured creditors of the Company. Amounts under the plan will be paid following a distributable event. A distributable event includes termination of service as an employee or director on a specific date without regard to continued service as an employee or director. Distributions can be received either as a lump-sum payment or in substantially equal payments over a period of not more than 20 years. A total of $0 and $179 thousand of deferred compensation payments were made by the Company for employees and $68 thousand and $61 thousand of directors fees were deferred, during the years ended December 31, 2019 and 2018, respectively. 401(k) Retirement Plan The Company sponsors a 401(k) defined contribution retirement plan (“401(k) Plan”) for the benefit of all eligible employees of the Company, including its subsidiaries. Employees are eligible to participate on the first of the month following an employee’s hire date. There is no age requirement. Participants can elect to defer between 1% and 15% of their base compensation, which will be contributed to the 401(k) Plan, providing the amount deferred does not exceed the federal dollar maximum election deferral for each year. The Company matches 100% up to a 4% deferral. Employees become 100% vested in the subsidiary’s match after two years of service. For the years ended December 31, 2019 and 2018, the Company made matching contributions to the 401(k) Plan of $429 thousand and $392 thousand, respectively. Employee Stock Ownership Plan Employees of the Company, including its subsidiaries, who have completed twelve months of service and who have attained the age of 21 years are eligible to participate in the ESOP. Contributions to the plan are either that required to service the loans to third-party financial institutions or are made at the discretion of the Company’s board of directors. Contributions are allocated proportionately based on the covered compensation of each participant compared to the aggregate covered compensation of all participants for the plan year. Allocations are limited to 25% of eligible participant compensation. Participant accounts are 30% vested after two years, 40% vested after three years with vesting increasing 20% each year thereafter until 100% vested. The ESOP had approximately 77,550 shares allocated to participant accounts as of December 31, 2019. The Company recorded ESOP contribution expense of $197 and $55 thousand in 2019 and 2018, respectively. Shares allocated to participants of the ESOP and unallocated shares that collateralize ESOP borrowings and are committed to be released are included in basic and diluted average shares outstanding. However, shares held by the ESOP that collateralize ESOP borrowings and are not committed to be released are excluded from both basic and diluted average shares outstanding. To assist with providing liquidity to the ESOP when participants separate from the Company and are offered and elect to receive cash distributions in lieu of shares, the Company, as the sponsor of the ESOP, or the ESOP may enter into a loan with a third-party financial institution and use the unallocated shares as collateral. As of December 31, 2019, the ESOP had five outstanding loans totaling $1.6 million, with 197,901 unallocated shares pledged as collateral for these loans. The ESOP loans are included in other liabilities on the Company’s consolidated balance sheets.

Off-Balance Sheet Commitments a

Off-Balance Sheet Commitments and Contingencies	12 Months Ended
	Dec. 31, 2019
Investments All Other Investments [Abstract]
Off-Balance Sheet Commitments and Contingencies	Note 14. Off-Balance Sheet Commitments and Contingencies In the ordinary course of operations, the Company is party to legal proceedings. Based upon information currently available, the Company’s management believes that such legal proceedings, in the aggregate, will not have a material adverse effect on the Company’s business, financial condition, results of operations, or cash flows. Also in the ordinary course of operations, the Company offers various financial products to its customers to meet their credit and liquidity needs. These instruments involve elements of credit and interest rate risk in excess of the amount recognized in the consolidated balance sheets. The Company’s exposure to credit loss in the event of nonperformance by the other party to the financial instruments for commitments to extend credit and stand-by letters of credit written is represented by the contractual amount of these instruments. The Company uses the same credit policies in making commitments and conditional commitments as it does for on-balance sheet commitments. Subject to its normal credit standards and risk monitoring procedures, the Company makes contractual commitments to extend credit. Commitments generally have fixed expiration dates or other termination clauses and may require the payment of a fee. Since many of the commitments may expire without being completely drawn upon, the total commitment amounts do not necessarily represent future cash requirements. As of December 31, 2019 and 2018, the Company had outstanding loan commitments of $170.9 million and $160.5 million, respectively. The Company estimates the credit loss exposure for all off-balance sheet credit commitments that are not unconditionally cancellable by the Company using a process consistent with that used in developing the allowance for loan losses for on-balance sheet portfolio loans. The Company estimates future fundings, which may be less than the total unfunded commitment amounts, based on historical funding experience and management’s judgment. Allowance for loan loss factors, which are based on loan type, are applied to these funding estimates to arrive at the reserve balance. Changes in a reserve for unfunded commitments are recognized in other noninterest expense in the consolidated statements of operations and the reserve for unfunded commitments is reported in other liabilities in the consolidated balance sheets. As of December 31, 2019 and 2018, the Company has $85 thousand and $97 thousand of reserves for unfunded commitments, respectively. Conditional commitments are issued by the Company in the form of performance stand-by letters of credit, which guarantee the performance of a customer to a third party. As of December 31, 2019 and 2018, commitments under outstanding performance stand-by letters of credit totaled $6.1 million and $2.8 million, respectively. Additionally, but to a much lesser extent, the Company issues financial stand-by letters of credit, which guarantee payment to the underlying beneficiary (i.e., third party) if the customer fails to meet its designated financial obligation. As of December 31, 2019 and 2018, commitments under outstanding financial stand-by letters of credit totaled $77 thousand and $40 thousand, respectively. The credit risk of issuing stand-by letters of credit is essentially the same as that involved in extending loans to customers. The Company has investments in three separate low-income housing equity funds as of December 31, 2019 and 2018. The general purpose of these funds is to encourage and assist participants in investing in low-income residential rental properties located in the Commonwealth of Virginia, develop and implement strategies to maintain projects as low-income housing, deliver federal low-income housing tax credits to investors, allocate tax losses and other possible tax benefits to investors, and to preserve and protect project assets. The investments in these funds were recorded as other assets on the consolidated balance sheets and were $1.2 million and $1.3 million as of December 31, 2019 and 2018, respectively. These investments and related tax benefits have expected terms through 2030. Additional capital calls expected for the funds totaled $275 thousand at December 31, 2019 and are included in other liabilities on the consolidated balance sheets.

Leases

Leases	12 Months Ended
	Dec. 31, 2019
Leases [Abstract]
Leases	Note 15. Leases 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 an existing 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. During the fourth quarter of 2019, the Company commenced a new operating lease for an existing retail branch in Middlesex County, Virginia, which resulted in the recognition of an operating ROU asset and lease liability of $253 thousand. For the year ended December 31, 2019, operating lease expense totaled $910 thousand. For the year ended December 31, 2018, lease expense totaled $577 thousand under ASC 840, Leases, The following table presents the ROU assets and lease liabilities as of the date stated. ROU assets and lease liabilities are included in premises and equipment, net, and other liabilities, respectively, in the consolidated balance sheets. December 31, 2019 Operating lease right-of-use assets $ 4,285 Operating lease liabilities $ 4,598 The following table presents the weighted average remaining lease term and discount rate associated with operating leases as of the date stated. December 31, 2019 Weighted average remaining lease term 9 years Weighted average discount rate 3.10 % The following table presents a maturity analysis of operating lease liabilities for the five years ending subsequent to December 31, 2019 and in total thereafter. 2020 $ 961 2021 995 2022 619 2023 370 2024 380 Thereafter 1,908 Total 5,233 Less interest (635 ) Lease liability $ 4,598 The following table presents supplemental cash flow information related to operating leases for the period stated. For the Year Ended December 31, 2019 Cash paid for amount included in the measurement of lease liabilities: Operating cash outflows from operating leases $ 990 Right-of-use assets obtained in exchange for new operating lease liabilities $ 1,557 The following table presents future minimum lease payments required under the long-term non-cancelable lease agreements in effect as of December 31, 2018 under ASC 840. 2019 $ 748 2020 696 2021 751 2022 590 2023 351 Thereafter 2,053 Total future minimum lease payments $ 5,189

Share Based Compensation

Share Based Compensation	12 Months Ended
	Dec. 31, 2019
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]
Share Based Compensation	Note 16. Share-based Compensation The Company has an equity-based incentive plan, the Bay Banks of Virginia, Inc. 2013 Stock Incentive Plan (the “2013 Plan”), which provides for the grant of up to 385,000 shares of the Company’s common stock as awards to employees and members of the board of directors of the Company and its subsidiaries. Prior to shareholder approval of the 2013 Plan, the Company issued equity awards from several other shareholder-approved plans. As of December 31, 2019, there were 113,280 shares available for grant under the 2013 Plan. Share-based compensation expense related to stock options and restricted stock granted under the 2013 Plan for the years ended December 31, 2019 and 2018 was $396 thousand and $102 thousand, respectively. During 2019, options for a total of 49,500 shares were granted, which vested immediately. During 2018, options for a total of 17,500 shares were granted, which vested either immediately or over one to three years. Compensation expense for stock options is based on the estimated fair value of options granted using the Black-Scholes Model and is amortized on a straight-line basis over the vesting period of the award. The expected volatility used in the Black-Scholes Model calculations is based on the historical volatility of the Company’s common stock price. The risk-free interest rates for the periods within the contractual life of the awards are based on the U.S. Treasury yield curve in effect at the time of the grant. The expected life is based on historical exercise experience, and the dividend yield assumption is based on the Company’s history and expectation of dividend payouts. The fair value of options granted during 2019 ranged from $1.49 to $1.64 per option share. The fair value of options granted during 2018 ranged from $1.78 to $2.09 per option share. The following table presents the variables used in the Black-Scholes Model calculations of the fair value of the stock options for the periods presented. For the Year Ended December 31, 2019 2018 Risk free interest rate (5-year U.S. Treasury) 2.03% 2.73% Expected dividend yield 0% 0% Expected term (years) 5 5 Expected volatility 15.7%-17.7% 12.5%-15.7% The following table presents stock option activity for the periods presented. Weighted Average Weighted Average Remaining Aggregate Shares Exercise Price Contractual Life (in years) Intrinsic Value (1) Options outstanding and exercisable, January 1, 2018 251,026 $ 7.43 6.73 $ 753,229 Granted 17,500 9.97 Forfeited (6,805 ) 10.37 Exercised (25,491 ) 5.84 Expired (9,459 ) 11.20 Options outstanding, December 31, 2018 226,771 $ 7.56 6.43 $ 223,478 Granted 49,500 8.11 Forfeited (32,276 ) 9.15 Exercised (15,578 ) 5.83 Expired (5,761 ) 7.61 Options outstanding, December 31, 2019 222,656 $ 7.58 6.41 $ 342,650 Options exercisable, December 31, 2019 214,329 $ 7.49 (1) The aggregate intrinsic value of a stock option in the table above represents the total pre-tax intrinsic value (the amount by which the current market value of the underlying stock exceeds the exercise price of the option) that would have been received by the option holders had all option holders exercised their options as of the respective years ended. This amount changes based on changes in the market value of the Company’s common stock. The following table presents restricted stock activity for the periods presented. Weighted Average Shares Fair Value Restricted stock nonvested, January 1, 2018 10,500 $ 8.44 Granted 60,856 9.75 Vested (3,000 ) 9.15 Forfeited (12,298 ) 8.93 Restricted stock nonvested, December 31, 2018 56,058 $ 9.73 Granted 75,493 8.17 Vested (12,430 ) 9.61 Forfeited (13,915 ) 8.31 Restricted stock nonvested, December 31, 2019 105,206 $ 8.81 During 2019 and 2018, the Company granted restricted stock awards totaling $617 thousand and $593 thousand, respectively. As of December 31, 2019, $620 thousand of restricted stock compensation expense remains unrecognized. Shares of restricted stock awarded in 2019 were pursuant to the Company’s long-term incentive plan (“LTIP”), which covers certain officers of the Company. One-half of the LTIP restricted shares vest on a straight-line basis over a three-year period (“LTIP Time-based Shares”), while the other one-half vests at the end of a three-year period contingent on the Company’s achievement of financial goals (“LTIP Performance-based Shares”). The LTIP Time-based Shares are being expensed on a straight-line basis over the three-year vesting period. The LTIP Performance-based Shares are being expensed on a straight-line basis over a three-year period with adjustments periodically based on projected achievement of the performance target. The value of the restricted stock awards is based on the fair market value of the Company’s common stock on the grant date. LTIP Time-based Shares carry voting and dividend rights. LTIP Performance-based Shares accrue dividends, if any, which are paid if, and only if, the shares vest.

Earnings per Share

Earnings per Share	12 Months Ended
	Dec. 31, 2019
Earnings Per Share [Abstract]
Earnings per Share	Note 17. Earnings per Share The following table shows the calculation of basic and diluted earnings per share and the weighted average number of shares outstanding used in computing earnings per share and the effect on the weighted average number of shares outstanding 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. Potential dilutive common stock instruments include exercisable stock options and restricted shares. For the year ended December 31, 2019, 121,547 options were not included in the computation of diluted earnings per share because their effects would have been anti-dilutive. For the year ended December 31, 2018, 86,284 options were not included in the computation of diluted earnings per share because their effects would have been anti-dilutive. For both computations, the weighted average number of ESOP shares not committed to be released to participant accounts in the ESOP are not assumed to be outstanding. The weighted average ESOP shares excluded from the computation were 200,048 and 154,410 for the year ended December 31, 2019 and 2018, respectively. For the Year Ended December 31, 2019 2018 Net income $ 7,058 $ 3,878 Weighted average shares outstanding, basic 13,053,080 13,057,537 Dilutive shares: Stock options 33,334 57,044 Restricted shares 25,439 7,555 Weighted average shares outstanding, dilutive 13,111,853 13,122,136 Basic and diluted earnings per share $ 0.54 $ 0.30

Share Repurchase Program

Share Repurchase Program	12 Months Ended
	Dec. 31, 2019
Equity [Abstract]
Share Repurchase Program	Note 18. Share Repurchase Program On October 18, 2019, the Company announced that its board of directors had authorized the repurchase of up to 400,000 shares of the Company’s common stock (approximately 3% of the Company’s currently outstanding common stock) (the “Repurchase Program”). The Repurchase Program is effective through December 31, 2020, and the Company may repurchase shares through open market transactions or privately negotiated transactions, including pursuant to a trading plan in accordance with rules issued under the Securities Exchange Act of 1934. The actual timing, quantities, prices, and manner of any share repurchases under the Repurchase Program is determined by the Company in its discretion and depends 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. In the fourth quarter of 2019, the Company purchased 72,705 common shares at a weighted average price per share of $7.98, including 18,300 shares purchased through open market transactions and 54,405 shares purchased pursuant to the operation of the Company’s ESOP.

Regulatory Requirements

Regulatory Requirements	12 Months Ended
	Dec. 31, 2019
Banking And Thrift [Abstract]
Regulatory Requirements	Note 19. Regulatory Requirements The Company (on a consolidated basis) and the Bank are subject to various regulatory capital requirements administered by the state and federal banking agencies. Failure to meet minimum capital requirements can initiate certain mandatory and possibly additional discretionary actions by regulators that, if undertaken, could have a direct material effect on the Company and Bank’s financial statements. Under capital adequacy guidelines and the regulatory framework for prompt corrective action, the Bank must meet specific capital guidelines that involve quantitative measures of its assets, liabilities, and certain off-balance-sheet items as calculated under regulatory accounting practices. The capital amounts and classifications are also subject to qualitative judgments by the regulators about components, risk weightings, and other factors. Prompt corrective action provisions are not applicable to bank holding companies. Pursuant to the Federal Reserve’s Small Bank Holding Company and Savings and Loan Holding Company Policy Statement, qualifying bank holding companies with total consolidated assets of less than $3 billion, such as the Company, are not subject to consolidated regulatory capital requirements. Quantitative measures established by regulation to ensure capital adequacy requires the Bank to maintain minimum amounts and ratios as set forth in the table below of total common equity Tier 1 and Tier 1 capital (as defined in the regulations) to risk-weighted assets (as defined), and of Tier 1 capital (as defined) to average assets (as defined). Management believes that as of December 31, 2019 and 2018, the Bank met all capital adequacy requirements to which they were subject. As of December 31, 2019, the most recent notification from the Federal Reserve categorized the Bank as well capitalized under the framework for prompt corrective action. To be categorized as well capitalized on such date, an institution must maintain minimum total risk-based, common equity Tier 1capital, Tier 1 capital, and Tier 1 leverage ratios as set forth in the table. There are no conditions or events since that notification that management believes have changed the Bank’s category. The capital conservation buffer is designed to absorb losses during periods of economic stress. Banking institutions with a ratio of Common Equity Tier 1 to risk-weighted assets above the minimum but below the conservation buffer will be subject to constraints on dividends, equity repurchases, and discretionary compensation paid to certain officers, based on the amount of the shortfall. As of December 31, 2019 and 2018, ratios of the Bank were in excess of the fully phased-in requirements. The following tables present the Company’s and the Bank’s actual capital amounts and ratios, and the minimum capital requirement amounts and ratios per the regulatory capital framework, as of the dates stated. Actual Minimum Capital Requirement Minimum To Be Well Capitalized Amount Ratio Amount Ratio Amount Ratio As of December 31, 2019: Total Risk Based Capital Consolidated $ 153,766 16.23 % $ 99,494 10.50 % N/A N/A Virginia Commonwealth Bank 123,346 13.07 % 99,068 10.50 % $ 94,350 10.00 % Tier 1 Capital Consolidated 115,118 12.15 % 80,543 8.50 % N/A N/A Virginia Commonwealth Bank 115,699 12.26 % 80,198 8.50 % 75,480 8.00 % Common Equity Tier 1 Capital Consolidated 115,118 12.15 % 66,329 7.00 % N/A N/A Virginia Commonwealth Bank 115,699 12.26 % 66,045 7.00 % 61,328 6.50 % Tier 1 leverage ratio Consolidated 115,118 10.33 % 44,597 4.00 % N/A N/A Virginia Commonwealth Bank 115,699 10.42 % 44,430 4.00 % 55,537 5.00 % Actual Minimum Capital Requirement Minimum To Be Well Capitalized Amount Ratio Amount Ratio Amount Ratio As of December 31, 2018: Total Risk Based Capital Consolidated $ 122,177 13.41 % $ 89,979 9.875 % N/A N/A Virginia Commonwealth Bank 106,077 11.68 % 89,691 9.875 % $ 90,826 10.00 % Tier 1 Capital Consolidated 107,286 11.77 % 71,756 7.875 % N/A N/A Virginia Commonwealth Bank 98,078 10.80 % 71,526 7.875 % 72,661 8.00 % Common Equity Tier 1 Capital Consolidated 107,286 11.77 % 58,088 6.375 % N/A N/A Virginia Commonwealth Bank 98,078 10.80 % 57,902 6.375 % 59,037 6.50 % Tier 1 leverage ratio Consolidated 107,286 10.28 % 41,735 4.000 % N/A N/A Virginia Commonwealth Bank 98,078 9.42 % 41,631 4.000 % 52,039 5.00 %

Accumulated Other Comprehensive

Accumulated Other Comprehensive Income (Loss), net	12 Months Ended
	Dec. 31, 2019
Equity [Abstract]
Accumulated Other Comprehensive Income (Loss), net	Note 20. Accumulated Other Comprehensive Income (Loss), net The components of accumulated other comprehensive income (loss), net are shown in the following table as of and for the periods presented. Net Unrealized Gains (Losses) on Available-for-sale Securities Pension and Post-retirement Benefit Plans Accumulated Other Comprehensive Income (Loss), net Balance January 1, 2018 $ (489 ) $ (667 ) $ (1,156 ) Change in net unrealized holding losses on available-for-sale securities, net of tax benefit of $203 (763 ) — (763 ) Net gain on pension and post-retirement benefit plans, net of tax expense of $157 — 592 592 Balance December 31, 2018 (1,252 ) (75 ) (1,327 ) Change in net unrealized holding loss on available-for-sale securities, net of tax expense of $449 1,688 — 1,688 Reclassification for previously unrealized net losses recognized in net income, net of tax benefit of $0 1 — 1 Net loss on pension and post-retirement benefit plans, net of tax benefit of $74 — (279 ) (279 ) Balance December 31, 2019 $ 437 $ (354 ) $ 83

Related Parties

Related Parties	12 Months Ended
	Dec. 31, 2019
Related Party Transactions [Abstract]
Related Parties	Note 21. Related Parties The Company has entered into transactions with certain directors and officers of the Company, their associates, and/or affiliated companies in which they are the principal stockholders (related parties). The aggregate amount of loans to such related parties was $4.0 million and $4.6 million at December 31, 2019 and 2018, respectively. In the opinion of management, such loans, with the exception of residential mortgages extended to any employee that receives a nominal reduction to the interest rate, were made in the normal course of business on the same terms as those prevailing at the time for comparable transactions. The following table presents the amount of loans to and repayments on loans to related parties. Balance, January 1, 2019 $ 4,586 New loans and extensions to existing loans 425 Repayments and other reductions (1,012 ) Balance, December 31, 2019 $ 3,999 Unfunded commitments to extend credit to related parties were $1.5 million and $0.5 million at December 31, 2019 and 2018, respectively. The aggregate amount of deposit accounts of related parties at December 31, 2019 and 2018 amounted to $4.4 million and $3.9 million, respectively. The aggregate amount of securities sold under repurchase agreements to related parties at December 31, 2019 and 2018 amounted to $2.5 million and $1.8 million, respectively. Related parties hold in the aggregate principal amount of $235 thousand of the 2025 Notes, as of December 31, 2019, and at that date, the Company owed these related parties $240 thousand in principal and accrued interest with regard to the 2025 Notes.

Fair Value

Fair Value	12 Months Ended
	Dec. 31, 2019
Fair Value Disclosures [Abstract]
Fair Value	Note 22. Fair Value 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: Mortgage Servicing Rights: A third-party model is used to determine fair value, which establishes pools of performing loans, calculates cash flows for each pool, and applies a discount rate to each pool. Loans are segregated into 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 both December 31, 2019 and 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 187% and 133% as of December 31, 2019 and 2018, respectively. A discount rate of 12.5% was then applied to each pool as of December 31, 2019 and 2018. The discount rate is intended to represent the estimated market yield for the highest quality grade of comparable servicing. MSR assets are classified as Level 3. The following table presents the balances of financial assets and liabilities measured at fair value on a recurring basis as of Fair Value Measurements as of December 31, 2019 Using Balance as of December 31, 2019 Level 1 Level 2 Level 3 Available-for-sale securities: U. S. Government agencies and mortgage backed securities $ 67,597 $ 7,024 $ 60,573 $ — State and municipal obligations 16,576 — 16,576 — Corporate bonds 15,281 2,000 10,631 2,650 Total available-for-sale securities: $ 99,454 $ 9,024 $ 87,780 $ 2,650 Mortgage servicing rights $ 935 $ — $ — $ 935 Rabbi trust assets $ 1,082 $ 1,082 $ — $ — 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, January 1, 2019 $ 977 $ 3,671 Purchases — — Transfers from Level 2 to Level 3 — 2,044 Transfers from Level 3 to Level 2 — (3,089 ) Fair value adjustments (42 ) 24 Sales — — Balance, December 31, 2019 $ 935 $ 2,650 MSRs Corporate Bonds Balance, January 1, 2018 $ 999 $ 1,500 Purchases — 1,421 Impairments — — Fair value adjustments (22 ) 750 Sales — — Balance, December 31, 2018 $ 977 $ 3,671 The $2.0 million transfers from Level 2 to Level 3 fair value for corporate bonds was attributable to a lack of market transactions as of December 31, 2019. The $3.1 million transfer from Level 3 to Level 2 fair value for corporate bonds was attributable to observable market transactions as of December 31, 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 summarize assets that were measured at fair value on a nonrecurring basis as of the dates stated. Fair Value Measurements as of December 31, 2019 Using Balance as of December 31, 2019 Level 1 Level 2 Level 3 Impaired loans, net $ 4,084 $ — $ — $ 4,084 Other real estate owned, net 1,916 — — 1,916 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 December 31, 2019 Valuation Technique Unobservable Input Range (Weighted Average) Impaired loans, net $ 4,084 Discounted appraised value Selling Cost 7 % Lack of Marketability 13%-100% (24%) Discounted cash flows Discount Rate 6%-7% (6%) Other real estate owned, net 1,916 Discounted appraised value Selling Cost 6% - 10% (8%) Lack of Marketability 18% - 100% (47%) Balance as of December 31, 2018 Valuation Technique Unobservable Input Range (Weighted Average) Impaired loans, net $ 4,700 Discounted appraised value Selling Cost 7 % Lack of Marketability 13%-100% (25%) Discounted cash flows Discount Rate 5%-7% (6%) Other real estate owned, net 3,597 Discounted appraised value Selling Cost 5% - 19% (8%) Lack of Marketability 9% - 100% (28%) The carrying values of cash and due from banks, interest-earning deposits, federal funds sold or purchased, noninterest-bearing deposits, 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. 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 were 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 selective consumer loan portfolio, historical delinquency data were obtained by the servicer of the portfolio. The fair value of impaired loans is measured as described within the Impaired Loans section of this note. The fair value of loans does consider the lack of liquidity and uncertainty in the market that might affect the valuation. Time deposits are presented at estimated fair value by discounting the future cash flows using recent issuance rates over the prior three months and a market rate analysis of recent offering rates. The fair value of the Company’s subordinated notes is estimated by utilizing recent issuance rates for subordinated debt offerings of similar issuer size. The fair value of the FHLB advances is estimated by discounting the future cash flows using current interest rates offered for similar advances. 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 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 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 December 31, 2019 Using December 31, 2019 December 31, 2019 Level 1 Level 2 Level 3 Financial Assets: Cash and due from banks $ 6,096 $ 6,096 $ 6,096 $ — $ — Interest-earning deposits 34,358 34,358 34,358 — — Federal funds sold 1,359 1,359 1,359 — — Certificates of deposit 2,754 2,754 — 2,754 — Restricted securities 5,706 5,706 — — 5,706 Loans receivable, net 916,628 910,678 — — 910,678 Loans held for sale 1,231 1,231 — 1,231 — Accrued interest receivable 3,035 3,035 — 3,035 — Financial Liabilities: Noninterest-bearing liabilities $ 137,933 $ 137,933 $ 137,933 $ — $ — Savings and other interest-bearing deposits 382,607 382,607 382,607 — — Time deposits 389,900 392,562 — — 392,562 Securities sold under repurchase agreements 6,525 6,525 6,525 — — FHLB advances 45,000 44,936 — 44,936 — Subordinated notes, net 31,001 32,552 — — 32,552 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 liabilities $ 114,122 $ 114,122 $ 114,122 $ — $ — Savings and other interest-bearing 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

Parent Company Financial Statem

Parent Company Financial Statements	12 Months Ended
	Dec. 31, 2019
Condensed Financial Information Of Parent Company Only Disclosure [Abstract]
Parent Company Financial Statements	Note 23. Parent Company Financial Statements The following tables present condensed financial statements of Bay Banks of Virginia, Inc. as of and for the periods stated. CONDENSED BALANCE SHEETS December 31, 2019 December 31, 2018 ASSETS Cash and due from non-affiliated banks $ 30,213 $ 15,631 Interest-earning deposits 309 155 Certificates of deposit 770 770 Investments in subsidiaries 127,956 109,747 Other assets 1,411 2,225 Total assets $ 160,659 $ 128,528 LIABILITIES AND SHAREHOLDERS' EQUITY Subordinated notes, net of unamortized issuance costs $ 31,001 $ 6,893 Deferred compensation plan 1,082 972 Other borrowings 1,525 1,734 Other liabilities 866 1,453 Total liabilities 34,474 11,052 Total shareholders’ equity 126,185 117,476 Total liabilities and shareholders’ equity $ 160,659 $ 128,528 Year ended December 31, CONDENSED STATEMENTS OF OPERATIONS 2019 2018 Interest income $ 12 $ — Interest expense 911 512 Net interest expense (899 ) (512 ) Net losses on disposition of other assets — (73 ) Other income 192 529 Noninterest income 192 456 Noninterest expense 1,437 1,659 Loss before income taxes and equity in undistributed earnings of subsidiaries (2,144 ) (1,715 ) Income tax benefit (450 ) (212 ) Loss before equity in undistributed earnings of subsidiaries (1,694 ) (1,503 ) Equity in undistributed earnings of subsidiaries 8,752 5,381 Net income $ 7,058 $ 3,878 Year ended December 31, CONDENSED STATEMENTS OF CASH FLOWS 2019 2018 Cash Flows from Operating Activities: Net income $ 7,058 $ 3,878 Adjustments to reconcile net income to net cash used in operating activities: Amortization of subordinated notes issuance costs 40 16 Share-based compensation expense 396 102 Equity in undistributed earnings of subsidiaries (8,752 ) (5,381 ) Decrease (increase) in other assets 961 (98 ) (Decrease) increase in other liabilities (466 ) 1,362 Net cash used in operating activities (763 ) (121 ) Cash Flows from Investing Activities: Purchases of certificates of deposit — (770 ) Investment in subsidiaries (8,000 ) (8,000 ) Net cash used in investing activities (8,000 ) (8,770 ) Cash Flows from Financing Activities: Stock options exercised, net 11 149 Purchases of common stock (580 ) (556 ) Issuance of subordinated notes, net of issuance costs 24,068 — Net cash provided by (used in) financing activities 23,499 (407 ) Net increase (decrease) increase in cash and due from banks (including interest-earning deposits) 14,736 (9,298 ) Cash and cash equivalents (including interest-earning deposits) at beginning of period 15,786 25,084 Cash and cash equivalents (including interest-earning deposits) at end of period $ 30,522 $ 15,786

Summary of Significant Accoun_2

Summary of Significant Accounting Policies (Policies)	12 Months Ended
	Dec. 31, 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 necessary for a fair presentation of the consolidated financial statements have been included. 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.
Use of Estimates	Use of Estimates The preparation of the consolidated financial statements in conformity with GAAP requires management to make estimates and assumptions. The amounts recorded in the consolidated financial statements may be affected by those estimates and assumptions. Actual results may vary from those estimates. Material estimates that are particularly susceptible to significant change in the near term relate to the determination of the allowance for loan losses, the measurement of fair value of other real estate owned, the valuation of deferred income tax assets, the impairment testing of goodwill, the projection of pension and post-retirement benefit plan obligations, and the fair value measurements.
Cash and Cash Equivalents	Cash and Cash Equivalents Cash and cash equivalents are carried at cost and mature within ninety days of the balance sheet date. For purposes of the consolidated statements of cash flows, cash and cash equivalents include cash and balances due from banks and interest-earning deposits, including deposits with the Federal Reserve Bank of Richmond (“FRB”).
Securities	Securities Investments in debt securities with readily determinable fair values are classified as either held to maturity, available-for-sale, or trading, based on management’s intent and ability. Currently, all of the Company’s investment securities are debt securities and are classified as available-for-sale. Securities available-for-sale are carried at estimated fair value with the corresponding unrealized gains and losses excluded from earnings and reported as a component other comprehensive income (loss). A gain or loss on sale is recognized in earnings on the settlement date based on the amortized cost of the specific security sold. GAAP states the trade date is the date on which a purchase or sale of a security is to be recognized; however, the Company’s policy is to recognize the transaction upon the movement of cash (i.e., settlement date) and believes there is no material difference between the two methods. The amortization of purchase premiums and accretion of purchase discounts are recognized in interest income, using the interest method over the terms of the respective securities. Impairment of an investment security occurs when the fair value of a security is less than its amortized cost as of the balance sheet date and the value of the security is not expected to be recovered. For debt securities, impairment is considered an other-than-temporary impairment (“OTTI”) and recognized in its entirety in net income if (i) there is evidence of credit related impairment; (ii) the Company intends to sell the security; or (iii) it is more likely than not that the Company will be required to sell the security before recovery of its amortized cost basis. If the Company does not intend to sell the security and it is not more likely than not that it will be required to sell the security before recovery, the Company must determine what portion of the impairment is attributable to a credit loss, which occurs when the amortized cost basis of the security exceeds the present value of the cash flows expected to be collected from the security. If there is a credit loss, the loss must be recognized in net income and the remaining portion of impairment must be recognized as a component of other comprehensive income (loss). The Company regularly reviews each investment security for OTTI based on criteria that include the extent to which cost exceeds fair value, the duration of that market decline, the financial health of and specific prospects for the issuer, the Company’s best estimate of the present value of cash flows expected to be collected from debt securities, the Company’s intention with regard to holding the security to maturity, and the likelihood that it would be required to sell the security before recovery. Fair values of financial instruments are estimated using relevant market information and other assumptions, as more fully disclosed in Note 21. Fair value estimates involve uncertainties and matters of significant judgment. Changes in assumptions or in market conditions could significantly affect management’s estimates.
Securities Sold Under Repurchase Agreements	Securities Sold Under Repurchase Agreements Securities sold under repurchase agreements, which are classified as secured borrowings, generally mature within one day from the transaction date. Securities sold under repurchase agreements are reflected at the amount of cash received in connection with the transaction. The Company is required to provide collateral based on the value of the underlying cash. The Company pledges certain investment securities to satisfy its collateral requirements.
Loans	Loans The Company offers mortgage loans on real estate, commercial and industrial loans, and consumer loans. A substantial portion of the Company’s loan portfolio is secured by mortgage loans on real estate. The ability of the Company’s borrowers to honor their loan agreements is dependent upon their ability to generate sufficient cash flow (business or personal), the value of the underlying collateral (e.g., real estate), and/or the general economic conditions in the Company’s market areas. Loans are reported at their recorded investment, which is the outstanding principal balance net of any unearned income and cost, such as deferred fees and costs, charge-offs, and discounts or premiums on acquired or purchased loans. Interest on loans is recognized into earnings over the contractual term of the loan and is calculated using the 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. The accounting for discounts and premiums on acquired or purchased loans differs if the loans were designated purchased credit-impaired or purchased performing as of the acquisition date, as described below. The accrual of interest is generally discontinued at the time a loan is 90 days or more past due, or earlier, if collection of principal or interest is not expected. Loans greater than 90 days past due may remain on accrual status if the credit is well-secured and in process of collection. Consumer loans are typically charged-off no later than when 180 days past due. Past due status is based on the contractual terms of the loan. In all cases, loans are charged-off at an earlier date if collection of principal and/or interest is considered doubtful. Nonaccrual and past due policies are materially the same for all types of loans, including impaired loans, with the exception of purchased credit-impaired (“PCI”) loans, as discussed below. All interest accrued but not collected for loans that are placed on nonaccrual or charged-off is reversed against interest income. 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 qualifying 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 is in process of collection.
Loans Acquired in a Business Combination	Loans Acquired in a Business Combination The Company accounts for loans acquired in a business combination in accordance with the Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (“ASC”) 805, Business Combinations Receivables-Nonrefundable Fees and Other Costs Loans and Debt Securities Acquired with Deteriorated Credit Quality PCI loans are those for which there is evidence of credit deterioration since origination and for which it is probable at the date of acquisition that the Company will not collect all contractually required principal and interest payments. When determining estimated fair value at acquisition, PCI loans were aggregated into pools of loans based on common characteristics such as loan type, date of origination, and evidence of credit quality deterioration, such as internal risk grades and past due and nonaccrual status. The Company must then estimate the amount and timing of expected cash flows for each loan pool, and the expected cash flows in excess of the estimated fair value is recorded as interest income over the remaining life of the loan pool as accretable yield. These estimates include certain prepayment assumptions based on the nature of each loan pool. The excess of the loan pools contractual principal and interest payments over expected future cash flows is not recorded in the Company’s consolidated financial statements (nonaccretable difference). Over the life of the loan pool, expected future cash flows continue to be estimated on a periodic basis. If the present value of expected future cash flows is less than the carrying amount, an impairment is recorded as a provision for loan losses. If the present value of expected future cash flows is greater than the carrying amount, the respective loan pool’s yield is adjusted and the additional income is recognized prospectively into earnings over the loan pool’s remaining life. Loans not designated as PCI loans as of the acquisition date were designated as purchased performing loans. The Company accounts for purchased performing loans using the contractual cash flows method of recognizing discount accretion or premium amortization based on the acquired loans’ contractual cash flows. Purchased performing loans were recorded at estimated fair value at the time of Merger, including a credit-related discount and a discount or premium for differences in interest rates of the acquired loans compared to market rates for similar loans as of the acquisition date (collectively referred to as a fair value mark). The fair value mark is accreted or amortized as an adjustment to yield over the remaining contractual lives of the loans. There is no allowance for loan losses established at the acquisition date for purchased performing or PCI loans. A provision for loan losses may be recorded for any deterioration in these loans subsequent to acquisition or when a fair value mark on a purchased performing loan is fully accreted, at which time it is evaluated for loan losses on a specific or general basis, as discussed below. A fair value mark may be fully accreted if the loan reaches its original contractual maturity date and is extended for any reason.
Troubled Debt Restructurings (“TDR”)	Troubled Debt Restructurings (“TDR”) In some situations, for economic or legal reasons related to a borrower’s financial condition, the Company may grant a concession to a borrower that it would not otherwise consider. Concessions include new terms that provide for a reduction of the face amount or maturity amount of the debt as stated in the original agreement, a reduction (absolute or contingent) of the stated interest rate for the remaining original life of the loan, and/or an extension of the maturity date or dates at a stated interest rate lower than the current market rate for new debt with similar risk. Concessions granted to a borrower experiencing financial difficulties results in a loan that is subsequently classified as a troubled debt restructuring or TDR. Management strives to identify borrowers in financial difficulty early and work with them to modify their loan to more affordable terms before their loan reaches nonaccrual status to minimize the economic loss and to avoid foreclosure or repossession of underlying collateral, if any. Management assesses all TDRs for impairment as noted below for impaired loans.
Loan Risk Ratings	Loan 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 (“ALL”)	Allowance for Loan Losses (“ALL”) The allowance for loan losses 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 category and for any 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 (if any) 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) all loans risk rated substandard or worse with balances of $400 thousand or more, and (2) all loans designated as TDRs. For the general component of the ALL, the Company collectively evaluates loans not evaluated individually for a specific reserve, plus 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 types. An unallocated component is maintained, if needed, to cover uncertainties that could affect management’s estimate of probable losses. The specific component of the ALL includes the loan loss reserve necessary on impaired loans. A loan is considered impaired when, based on current information and events, it is probable that the Company will be unable to collect the scheduled payments of principal or interest when due according to the contractual terms of the loan agreement. Factors considered by management in determining the amount of impairment include payment status, collateral value, and the probability of collecting scheduled principal and interest payments when due. Loans that experience insignificant payment delays or payment shortfalls generally are not considered impaired. Management determines the significance of payment delays and payment shortfalls on a case-by-case basis, taking into consideration all of the circumstances surrounding the loan and the borrower, including the length of the delay, the reasons for the delay, the borrower’s prior payment record, and the amount of the shortfall in relation to the principal and interest owed. Generally, impaired loans are placed on nonaccrual status if they meet the conditions as outlined above in the Loans The general component of the ALL evaluates groups of loans by types, as noted above. The types are: (1) mortgage loans on real estate; (2) commercial and industrial loans; and (3) consumer and other loans. Mortgage loans on real estate are further disaggregated into the following types: (a) construction, land and land development; (b) farmland; (c) residential first mortgages; (d) residential revolving and junior mortgages; (e) commercial mortgages (non-owner-occupied); and (f) commercial mortgages (owner-occupied). Historical loss factors are calculated for the prior 20 quarters by loan type, and then applied to the current balances in each loan grouping. Finally, qualitative factors are applied to each type or loans within each type with certain attributes, as applicable. The risk of loss generally varies depending on the loan type. Construction and land development loans carry risks that the project will not be finished according to schedule or according to budget and the value of the collateral, at any point in time, may be less than the principal amount of the loan. These loans also bear the risk that the general contractor or developer may face financial pressure unrelated to the project. Loans secured by land, farmland, and residential mortgages carry the risk of continued credit-worthiness of the borrower and changes in value of the underlying real estate collateral. Commercial mortgages and commercial and industrial loans carry risks associated with the profitable operation of a business and its related cash flows. Additionally, commercial and industrial loans carry risks associated with the value of collateral other than real estate, such as accounts receivable or inventory, which may fluctuate in value over time. Consumer loans carry risks associated with the continuing credit-worthiness of the borrower and are more likely than real estate loans to be adversely affected by unemployment, personal illness, bankruptcy, or divorce of an individual. Consumer loans secured by automobiles carry risks associated with rapidly depreciating collateral values. Consumer loans include loans and debt consolidation loans purchased from third parties. Additions to the ALL are made by charges to earnings through the provision for loan losses. Charge-offs to the ALL result from credit exposures deemed to be uncollectible. Loans are considered uncollectible when: (1) no regularly scheduled payment has been made within 120 days, and (2) the loan is unsecured, or (3) the borrower files for bankruptcy protection and there is no other financial support or guarantee from an entity outside of the bankruptcy proceedings (e.g., guarantor). As soon as any loan becomes uncollectible, the Company’s charge-off policy is based on whether the loan is unsecured or secured. If the loan is unsecured, the loan is charged-off in full. If the loan is secured, the outstanding principal balance of the loan is charged down to the net realizable value of the underlying collateral less estimated selling costs if the loan is collateral dependent. If the loan is not collateral dependent, the charge-off is based on management’s estimation of the net present value of future cash flows. Recoveries of previously charged-off amounts are credited to the ALL. The summation of the specific, general, and unallocated components results in the ALL. The ALL is inherently subjective and actual losses could be greater or less than estimated. Further, changes in the ALL and the related provision expense can materially affect net income. In addition, various regulatory agencies, as an integral part of their examination process, periodically review the Company’s ALL. Such agencies may require the Company to recognize additions or reductions to the allowance for loan losses based on their judgments of information available to them at the time of their examination.
Mortgage Servicing Rights (“MSR”) Assets	Mortgage Servicing Rights (“MSR”) Assets MSR assets represent a contractual agreement where the rights to service an existing mortgage are sold by the original lender to another party who specializes in the various functions of servicing mortgages. MSR assets can also result from the retention of servicing when an originated loan is sold in the secondary market. The Company accounts for its MSR asset using the fair value measurement method per ASC 860-50, Transfers and Servicing,
Premises and Equipment, net	Premises and Equipment, net Land is carried at cost. Premises and equipment, other than land, are carried at cost less accumulated depreciation. Depreciation is computed by the straight-line method over the estimated useful lives of the premises and equipment. Estimated useful lives range from 10 to 40 years for buildings, and from 3 to 10 years for furniture, fixtures, and equipment. Maintenance and repairs are charged to expense as incurred, and major improvements are capitalized.
Leases	Leases On January 1, 2019, the Company adopted the requirements of Accounting Standards Update (“ASU”) 2016-02, Leases (Topic 842). 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 and are included in premises and equipment, net, in the Company’s consolidated balance sheets. 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 and are included in other liabilities in the Company’s consolidated balance sheets. 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. 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 Federal Home Loan Bank of Atlanta (“FHLB”) for the period that most closely coincided with the respective lease term as of the commencement date of the lease. In implementing 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 re-assess whether existing contracts 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 elected to use 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.
Other Real Estate Owned, net (“OREO”)	Other Real Estate Owned, net (“OREO”) Other real estate owned), net of a valuation allowance, is reported on the consolidated balance sheets at the lower of cost or fair market value less estimated selling costs. Real estate properties acquired through, or in lieu of, loan foreclosure are marketed for sale and are initially recorded at fair value on the date of foreclosure less estimated selling costs, becoming the property’s cost basis. Upon acquisition (transfer), if the fair value of the property less estimated selling costs is less than the recorded investment of the loan, the difference is recorded as a charge-off to the ALL. Conversely, if upon transfer, the fair value of the property less estimated selling costs is in excess of the recorded investment of the loan, the difference is recorded as gain in noninterest expense on the consolidated statements of operations. Subsequent declines in the fair value of OREO below its initial cost basis are recorded as a valuation allowance against OREO and charged to noninterest expense. Revenue and expenses related to the operation or maintenance of OREO are included in expenses from foreclosed property in noninterest expense on the consolidated statements of operations. Finally, any gain or loss resulting from the sale or disposition of OREO is included in the net other real estate owned (gains) losses in noninterest expenses on the consolidated statements of operations.
Goodwill and Intangible Assets	Goodwill and Intangible Assets Goodwill is an indefinite life intangible asset that represents the excess of the consideration paid or purchase price for an acquired entity over the fair value of the identifiable net assets acquired as of the acquisition date. The Company’s goodwill resulted from the Merger and from the acquisition of five branches during the years 1994 through 2000. Goodwill is tested for potential impairment on an annual basis in accordance with ASC 350, Intangibles-Goodwill and Other Intangible assets with definite useful lives are amortized over their estimated useful lives to their estimated residual values. The core deposit intangible asset resulting from the Merger is the only intangible asset with a definite useful life on the Company’s consolidated balance sheets and is being amortized over 92 months from the date of the Merger on an accelerated basis using the sum-of-years digits method. Long-lived assets, including purchased intangible assets subject to amortization, are reviewed for impairment whenever events or changes in circumstances indicate that the carrying amount of an asset may not be recoverable. Management concluded that no circumstances indicating an impairment of these assets existed as of December 31, 2019 and 2018.
Bank Owned Life Insurance (“BOLI”)	Bank Owned Life Insurance (“BOLI”) The Company invests in bank owned life insurance, which is life insurance purchased by the Bank on a selected group of employees. The Bank is the owner and primary beneficiary of the policies. BOLI is recorded in the Company’s consolidated balance sheets at the cash surrender value of the underlying policies. Earnings from the increase in cash surrender value of the policies are included in noninterest income on the consolidated statements of operations. The Bank has rights under the insurance contracts to redeem them for cash surrender value at any time; however, a redemption not upon the occurrence of death of an insured person is subject to taxation.
Income Taxes	Income Taxes Income taxes are accounted for using the balance sheet method in accordance with ASC 740, Accounting for Income Taxes When the Company’s federal tax returns are filed, it is highly certain that some positions taken would be sustained upon examination by the taxing authorities, while others are subject to uncertainty about the merits of the position taken or the amount of the position that would ultimately be sustained. The benefit of a tax position is recognized in the financial statements in the period during which, based on all available evidence, management believes it is more likely than not that the position will be sustained upon examination, including the resolution of appeals or litigation processes, if any. Tax positions taken are not offset or aggregated with other positions. Tax positions that meet the more-likely-than-not recognition threshold are measured as the largest amount of tax benefit that is more than 50 percent likely to be realized upon settlement with the applicable taxing authority. The portion of the benefits associated with tax positions taken that exceeds the amount measured as described above is reflected as a liability for unrecognized tax benefits in the accompanying consolidated balance sheets along with any associated interest and penalties that would be payable to the taxing authorities upon examination. Interest and penalties, if any, associated with unrecognized tax benefits are classified as additional income taxes in the consolidated statements of operations. The Company evaluates its net deferred tax asset on a quarterly basis to determine if it is more-likely-than-not those assets will be recovered and if a valuation allowance is needed. As of December 31, 2019 and 2018, the Company determined no valuation allowance related to its net deferred tax asset was necessary, as the expectation is that the Company will generate sufficient taxable income in future years to absorb all of its net deferred tax asset.
Employee Benefit Plans	Employee Benefit Plans The Company has a noncontributory cash balance benefit pension plan, which was frozen in 2012. The plan covers employees who had become vested in the plan as of the date it was frozen. The Company also sponsored a post-retirement benefit plan covering eligible retirees’ medical and life insurance benefits, which was also frozen to new employees as of March 1, 2018. The Company accounts for both its pension and post-retirement benefit plans in accordance with ASC 715, Compensation-Retirement Benefits. The Company also sponsors an Employee Stock Ownership Plan (“ESOP”) and a 401(k) deferred contribution retirement plan for the benefit of all eligible employees.
Earnings Per Share	Earnings Per Share Basic earnings per share represent income available to common shareholders divided by the weighted average number of common shares outstanding during the period. Diluted earnings per share reflect additional common shares that would have been outstanding if dilutive potential common shares had been issued. Potential common shares that may be issued by the Company relate to outstanding stock options and restricted stock awards. Shares allocated to participants of the Company’s ESOP and unallocated shares that collateralize ESOP borrowings but that are committed to be released are also included in basic and diluted weighted average shares outstanding. However, shares held by the ESOP, that collateralize ESOP borrowings and that are not committed to be released are excluded from both basic and diluted weighted average shares outstanding.
Off-balance-sheet Financial Instruments	Off-balance-sheet Financial Instruments In the ordinary course of business, the Bank enters into off-balance-sheet financial agreements such as construction loan commitments, home equity lines of credit, overdraft protection lines of credit, unsecured lines of credit, working capital loan commitments, and standby letters of credit. Such financial instruments are recorded in the financial statements when they are funded.
Share-based Compensation	Share-based Compensation The Company accounts for its share-based compensation awards for employees and directors in accordance with ASC 718, Compensation-Stock Compensation.
Revenue Recognition	Revenue Recognition On January 1, 2018, the Company adopted ASU No. 2014-09, Revenue from Contracts with Customers
Recent Accounting Pronouncements	Recent Accounting In December 2019, the FASB issued ASU 2019-12, Income Taxes (Topic 740) In August 2018, the FASB issued ASU 2018-13, Fair Value Measurement (Topic 820) Fair Value Measurement In June 2016, the FASB issued ASU 2016-13, Financial Instruments – Credit Losses (Topic 326),

Securities (Tables)

Securities (Tables)	12 Months Ended
	Dec. 31, 2019
Investments Debt And Equity Securities [Abstract]
Aggregate Amortized Cost, Unrealized Gains and Losses, and Fair Values of Available-for-Sale Securities	The following tables present the aggregate amortized cost, unrealized gains and losses, and fair values of available-for-sale securities as of dates stated. Gross Gross Amortized Unrealized Unrealized Fair December 31, 2019 Cost Gains (Losses) Value U.S. Government agencies and mortgage backed securities $ 67,491 $ 284 $ (178 ) $ 67,597 State and municipal obligations 16,238 341 (3 ) 16,576 Corporate bonds 15,165 116 — 15,281 Total available-for-sale securities $ 98,894 $ 741 $ (181 ) $ 99,454 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
Gross Realized Gains and Gross Realized Losses of Available-For-Sale Securities	The following table presents the gross realized gains and gross realized losses, as well as proceeds from sales and calls of available-for-sale securities, for the periods presented. For the Year Ended December 31, 2019 2018 Gross realized gains $ 13 $ — Gross realized (losses) (14 ) — Net realized loss $ (1 ) $ — Aggregate proceeds $ 5,005 $ —
Securities in Unrealized Loss Positions	The following tables present securities in an unrealized loss position as of December 31, 2019 and 2018 by period of the unrealized loss. The unrealized loss positions were related to interest rate movements and not the credit quality of the issuers. All U.S. Government 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 expects 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 December 31, 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 $ 12,356 $ (53 ) $ 16,930 $ (125 ) $ 29,286 $ (178 ) State and municipal obligations 1 610 (3 ) - - 610 (3 ) Total temporarily impaired securities 39 $ 12,966 $ (56 ) $ 16,930 $ (125 ) $ 29,896 $ (181 ) 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 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. December 31, 2019 December 31, 2018 Amortized Cost Fair Value Amortized Cost Fair Value Due in one year or less $ 10,528 $ 10,563 $ 1,080 $ 1,079 Due after one year but less than five years 49,586 49,921 47,065 46,358 Due after five years but less than ten years 33,332 33,535 26,615 26,149 Due after ten years 5,448 5,435 9,044 8,646 Total available-for-sale securities $ 98,894 $ 99,454 $ 83,804 $ 82,232

Loans (Tables)

Loans (Tables)	12 Months Ended
	Dec. 31, 2019
Summary of Composition of Loans	The following table presents the Company’s composition of loans as of the dates stated. December 31, 2019 December 31, 2018 Mortgage loans on real estate: Construction, land and land development $ 126,010 $ 109,475 Commercial mortgages (non-owner occupied) 196,143 180,074 Commercial mortgages (owner occupied) 82,829 87,241 Residential first mortgages 293,913 298,894 Residential revolving and junior mortgages 31,893 38,313 Commercial and industrial 181,730 164,608 Consumer 11,985 23,740 Total loans 924,503 902,345 Net unamortized deferred loan fees (313 ) (252 ) Allowance for loan losses (7,562 ) (7,902 ) Loans receivable, net $ 916,628 $ 894,191
Recorded Investment for Past Due and Non-accruing Loans	The following tables present the recorded investment for past due 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 PCI loans. 90 Days or 30-89 More Past Total Past Days Due and Due and Total December 31, 2019 Past Due Still Accruing Nonaccruals Nonaccruals Current Loans Mortgage loans on real estate: Construction, land and land development $ 77 $ — $ 417 $ 494 $ 125,516 $ 126,010 Commercial mortgages (non-owner occupied) 126 — 433 559 195,584 196,143 Commercial mortgages (owner occupied) 173 — 587 760 82,069 82,829 Residential first mortgages 3,904 16 1,403 5,323 288,590 293,913 Residential revolving and junior mortgages 52 — 724 776 31,117 31,893 Commercial and industrial 570 — 670 1,240 180,490 181,730 Consumer 139 — 242 381 11,604 11,985 Total loans $ 5,041 $ 16 $ 4,476 $ 9,533 $ 914,970 $ 924,503 90 Days or 30-89 More Past Total Past Days Due and Due and Total December 31, 2018 Past Due Still Accruing Nonaccruals Nonaccruals Current 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 the accretable yield for PCI loans for the periods stated. For the Year Ended December 31, 2019 December 31, 2018 Balance at beginning of year $ 1,083 $ 1,087 Accretion of acquisition accounting adjustment (382 ) (358 ) Reclassifications from (to) nonaccretable balance, net 56 (46 ) Other changes, net 216 400 Balance at end of year $ 973 $ 1,083
Internal Risk Ratings	The following tables present the Company’s risk rating of loans by loan type as of the dates stated. December 31, 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 $ 123,916 $ 195,584 $ 81,936 $ 290,322 $ 31,084 $ 177,608 $ 11,729 $ 912,179 Special mention — — 149 1,091 86 2,289 — 3,615 Substandard 2,094 559 744 2,500 723 1,833 256 8,709 Doubtful — — — — — — — — Total loans $ 126,010 $ 196,143 $ 82,829 $ 293,913 $ 31,893 $ 181,730 $ 11,985 $ 924,503 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 present an aging analysis, based upon contractual terms, of the recorded investment of PCI loans as of the dates stated, which are included in the tables above. 90 Days or 30-89 More Past Total Past Days Due and Due and Total December 31, 2019 Past Due Still Accruing Nonaccruals Nonaccruals Current Loans Mortgage loans on real estate: Construction, land and land development $ — $ — $ — $ — $ 1,357 $ 1,357 Commercial mortgages (non-owner occupied) 126 — — 126 — 126 Commercial mortgages (owner occupied) 25 — — 25 229 254 Residential first mortgages 239 16 — 255 2,836 3,091 Residential revolving and junior Mortgages — — — — — — Commercial and industrial — — — — — — Consumer — — — — 42 42 Total purchased credit-impaired loans $ 390 $ 16 $ — $ 406 $ 4,464 $ 4,870 90 Days or 30-89 More Past Total Past Days Due and Due and Total December 31, 2018 Past Due Still Accruing Nonaccruals Nonaccruals Current 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)	12 Months Ended
	Dec. 31, 2019
Receivables [Abstract]
Loans Evaluated for Impairment Individually and Collectively by Type	The following tables present the ALL and the amount of loans evaluated for impairment, individually and collectively, by loan type as of the dates stated. December 31, 2019 Mortgage Loans on Real Estate Commercial and Industrial Consumer Total Allowance for loan losses applicable to: Loans individually evaluated for impairment $ 878 $ 49 $ 112 $ 1,039 Loans collectively evaluated for impairment 4,494 1,522 507 6,523 Purchased credit-impaired loans — — — — Total allowance on loan losses $ 5,372 $ 1,571 $ 619 $ 7,562 Loan balances applicable to: Loans individually evaluated for impairment $ 5,502 $ 455 $ 112 $ 6,069 Loans collectively evaluated for impairment 720,458 181,275 11,831 913,564 Purchased credit-impaired loans 4,828 — 42 4,870 Total loans $ 730,788 $ 181,730 $ 11,985 $ 924,503 December 31, 2018 Mortgage Loans on Real Estate Commercial and Industrial Consumer Total 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 on 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 as of and for the periods stated. For the Year Ended December 31, 2019 Mortgage Loans on Real Estate Commercial and Industrial Consumer Total Beginning Balance $ 4,967 $ 1,374 $ 1,561 $ 7,902 Charge-offs (455 ) — (1,470 ) (1,925 ) Recoveries 140 2 261 403 Provision 720 195 267 1,182 Ending Balance $ 5,372 $ 1,571 $ 619 $ 7,562 For the Year Ended December 31, 2018 Mortgage Loans on Real Estate Commercial and Industrial Consumer Total Beginning Balance $ 3,864 $ 878 $ 3,028 $ 7,770 Charge-offs (202 ) (116 ) (1,374 ) (1,692 ) Recoveries 110 1 362 473 Provision (recovery of) 1,195 611 (455 ) 1,351 Ending Balance $ 4,967 $ 1,374 $ 1,561 $ 7,902
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, as of the dates stated. As of December 31, 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 $ 17 $ 17 $ — $ 335 $ 406 $ — Commercial mortgages (non-owner occupied) — — — 386 386 — Commercial mortgages (owner occupied) 419 419 — — — — Residential first mortgages 510 510 — — — — Residential revolving and junior mortgages — — — 1,028 1,028 — Commercial and industrial — — — — — — Consumer — — — — — — Total impaired loans with no related allowance 946 946 — 1,749 1,820 — With an allowance recorded: Construction, land and land development 171 171 44 275 275 132 Commercial mortgages (non-owner occupied) 433 433 58 443 443 18 Commercial mortgages (owner occupied) 1,048 1,048 53 1,069 1,069 57 Residential first mortgages 2,857 2,857 676 3,447 3,447 565 Residential revolving and junior mortgages 47 47 47 502 502 264 Commercial and industrial 455 455 49 — — — Consumer 112 112 112 121 121 121 Total impaired loans with allowance recorded 5,123 5,123 1,039 5,857 5,857 1,157 Total Impaired Loans: Construction, land and land development 188 188 44 610 681 132 Commercial mortgages (non-owner occupied) 433 433 58 829 829 18 Commercial mortgages (owner occupied) 1,467 1,467 53 1,069 1,069 57 Residential first mortgages 3,367 3,367 676 3,447 3,447 565 Residential revolving and junior mortgages 47 47 47 1,530 1,530 264 Commercial and industrial 455 455 49 — — — Consumer 112 112 112 121 121 121 Total impaired loans $ 6,069 $ 6,069 $ 1,039 $ 7,606 $ 7,677 $ 1,157 The following table presents the average recorded investment and interest income recognized for impaired loans, excluding PCI loans, for the periods presented. For the Year Ended December 31, 2019 December 31, 2018 Average Recorded Investment Interest Income Recognized Average Recorded Investment Interest Income Recognized With no related allowance: Construction, land and land development $ 18 $ 1 $ 382 $ 13 Commercial mortgages (non-owner occupied) — — — — Commercial mortgages (owner occupied) 408 27 394 24 Residential first mortgages 514 27 760 — Residential revolving and junior mortgages — — — 44 Commercial and industrial — — — — Consumer — — — — Total impaired loans with no allowance 940 55 1,536 81 With an allowance recorded: Construction, land and land development 214 21 267 18 Commercial mortgages (non-owner occupied) 436 32 267 12 Commercial mortgages (owner occupied) 1,058 56 1,061 47 Residential first mortgages 2,586 100 3,037 150 Residential revolving and junior mortgages 47 7 149 6 Commercial and industrial 628 30 — — Consumer 118 4 133 11 Total impaired loans with allowance recorded 5,087 250 4,914 244 Total impaired loans: Construction, land and land development 232 22 649 31 Commercial mortgages (non-owner occupied) 436 32 267 12 Commercial mortgages (owner occupied) 1,466 83 1,455 71 Residential first mortgages 3,100 127 3,797 194 Residential revolving and junior mortgages 47 7 149 6 Commercial and industrial 628 30 — — Consumer 118 4 133 11 Total impaired loans $ 6,027 $ 305 $ 6,450 $ 325
Reconciliation of Nonaccrual Loans to Impaired Loans	The following table presents a reconciliation of nonaccrual loans to impaired loans as of the dates stated. December 31, 2019 December 31, 2018 Nonaccrual loans $ 4,476 $ 5,206 Nonaccrual loans collectively evaluated for impairment (1,895 ) (2,040 ) Nonaccrual impaired loans 2,581 3,166 TDRs on accrual 3,270 4,115 Other impaired loans on accrual 218 325 Total impaired loans $ 6,069 $ 7,606
Summary of Troubled Debt Restructurings	Loans modified as TDRs are considered impaired and are individually evaluated for impairment as part of the Company’s ALL process. The following table presents by loan type information related to loans modified as TDRs for the periods presented. For the Year Ended For the Year Ended December 31, 2019 December 31, 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 Residential first mortgages (1) 1 $ 159 $ 159 9 $ 1,315 $ 1,324 Commercial mortgages (owner occupied) (2) 1 52 52 1 644 672 (1) The modification in the 2019 period was a loan interest rate reduction while the modifications in the 2018 period consisted of seven loans with term extensions, one loan with interest capitalized to principal, and one loan with an interest rate reduction. (2) The modification in the 2019 period was an extension of the loan’s terms while the modification in the 2018 period was one loan with interest capitalized to principal.
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 (823 ) (193 ) (1,016 ) New TDR designation 208 — 208 Release TDR designation (162 ) — (162 ) Transfer (68 ) 68 — Balance as of December 31, 2019 $ 3,270 $ 1,352 $ 4,622

Premises and Equipment, net (Ta

Premises and Equipment, net (Tables)	12 Months Ended
	Dec. 31, 2019
Property Plant And Equipment [Abstract]
Components of Premises and Equipment, Net of Accumulated Depreciation, Included in Consolidated Balance Sheets	Components of premises and equipment, net of accumulated depreciation, included in the consolidated balance sheets as of the dates stated were as follows. December 31, 2019 December 31, 2018 Land and improvements $ 4,226 $ 4,639 Buildings and improvements 18,099 20,261 Furniture and equipment 11,417 13,218 Right of use assets 4,285 — Total cost 38,027 38,118 Less accumulated depreciation (17,886 ) (19,949 ) Premises and equipment, net $ 20,141 $ 18,169

Other Real Estate Owned, Net (T

Other Real Estate Owned, Net (Tables)	12 Months Ended
	Dec. 31, 2019
Banking And Thrift [Abstract]
Number and Carrying Value of Properties Included in OREO, Net	The following table presents the number and carrying value of properties included in OREO, net, as of the dates stated. December 31, 2019 December 31, 2018 Number of Carrying Number of Carrying Properties Value Properties Value Residential 4 $ 302 6 $ 1,339 Land 13 1,354 17 1,741 Commercial 1 260 3 517 Total 18 $ 1,916 26 $ 3,597
Components of Other Real Estate Owned (OREO) Valuation Allowance	The following table presents the components of the OREO valuation allowance as of and for the periods stated. For the Year Ended December 31, 2019 2018 Balance, beginning of year $ 415 $ 461 Valuation adjustments 434 21 Charge-offs (505 ) (67 ) Balance, end of year $ 344 $ 415
Other Real Estate Owned (OREO) Related Activity Reported in Consolidated Statements of Operations	The following table presents OREO-related activity reported in the consolidated statements of operations for the periods stated. For the Year Ended December 31, 2019 2018 Net loss (gain) on sale of other real estate owned $ 26 $ (128 ) Valuation adjustments 434 21 Foreclosed property expense, net of income 141 171 Total expenses $ 601 $ 64

Goodwill and Intangible Assets

Goodwill and Intangible Assets (Tables)	12 Months Ended
	Dec. 31, 2019
Goodwill And Intangible Assets Disclosure [Abstract]
Information on Intangible Assets, Other than Goodwill	The following table presents information on intangible assets, other than goodwill, as of the dates stated. Gross Carrying Accumulated Net Carrying December 31, 2019 Value Amortization Value Core deposit intangibles $ 3,670 $ 2,152 $ 1,518 Mortgage servicing rights 935 — 935 Total $ 4,605 $ 2,152 $ 2,453 Gross Carrying Accumulated Net Carrying December 31, 2018 Value Amortization Value Core deposit intangibles $ 3,670 $ 1,477 $ 2,193 Mortgage servicing rights 977 — 977 Total $ 4,647 $ 1,477 $ 3,170
Estimated Remaining Amortization Expense	As of December 31, 2019, the estimated remaining amortization expense of the core deposit intangible asset is presented in the following table for the periods presented. 2020 $ 551 2021 427 2022 304 2023 180 2024 56 Thereafter — Total estimated amortization expense $ 1,518

Income Taxes (Tables)

Income Taxes (Tables)	12 Months Ended
	Dec. 31, 2019
Income Tax Disclosure [Abstract]
Expense (Benefit) for Income Taxes	The following table presents current and deferred income tax expense (benefit) for the periods stated. Year Ended December 31, 2019 2018 Current (benefit) expense $ 1,241 $ (313 ) Deferred expense 408 846 Income tax expense $ 1,649 $ 533
Summary of Federal Statutory Income Tax Rate Reconciled to Effective Income Tax Rate	The following table presents the federal statutory income tax rate reconciled to the Company’s effective income tax rate for the periods stated. Year Ended December 31, 2019 2018 Federal statutory income tax rate 21.0 % 21.0 % Increase (decrease) resulting from: Net tax-exempt income (2.8 %) (5.6 %) Income tax return to provision adjustment 0.2 % (3.9 %) Other, net 0.5 % 0.6 % Federal effective income tax rate 18.9 % 12.1 %
Components of Net Deferred Tax Assets	The following table presents the components of the net deferred tax asset as of the dates stated using a statutory income tax rate of 21%. The Company has concluded that it is more likely than not that its deferred tax assets will be utilized in future periods; therefore, no valuation allowance has been recorded against all or a portion of its deferred tax assets. December 31, 2019 December 31, 2018 Deferred tax assets Allowance for loan losses $ 1,588 $ 1,629 Other real estate owned 203 226 Pension and post-retirement benefit plans 179 127 Unrealized losses on available-for-sale securities — 333 Deferred and share-based compensation plans 317 237 Fair value adjustments on acquired loans and time deposits resulting from the Merger 500 969 Net deferred loan fees 66 53 Other 252 124 Total deferred tax assets 3,105 3,698 Deferred tax liabilities Depreciation of fixed assets (556 ) (359 ) Amortization of goodwill and core deposit intangible asset (909 ) (1,050 ) Premium on fixed assets acquired in the Merger (518 ) (553 ) Unrealized gains on available-for-sale securities (116 ) — Recapture of bad debts experience reserve (102 ) (178 ) Other (85 ) (48 ) Total deferred tax liabilities (2,286 ) (2,188 ) Deferred tax asset, net $ 819 $ 1,510

Deposits (Tables)

Deposits (Tables)	12 Months Ended
	Dec. 31, 2019
Banking And Thrift [Abstract]
Summary of Deposit Accounts	The following table presents a summary of deposit accounts as of the dates stated. December 31, 2019 December 31, 2018 Noninterest-bearing demand deposits $ 137,933 $ 114,122 Interest-bearing: Savings deposits 56,785 57,472 Demand deposits 71,750 76,302 Money market deposits 254,072 225,626 Time deposits less than $250 299,649 306,720 Time deposits $250 or more 90,251 61,950 Total $ 910,440 $ 842,192
Schedule of Time Deposits Maturities	The following table presents the scheduled maturities of time deposits, as of December 31, 2019. 2020 $ 222,413 2021 64,611 2022 34,238 2023 52,381 2024 16,223 Thereafter 34 Total $ 389,900

Borrowings (Tables)

Borrowings (Tables)	12 Months Ended
	Dec. 31, 2019
Debt Disclosure [Abstract]
Advances of Borrowings	The following table presents information regarding the FHLB advances outstanding as of December 31, 2019. Maturity Balance Originated Interest Rate Date Adjustable rate hybrid $ 10,000 4/12/2013 4.38 % 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 Fixed rate credit 5,000 11/27/2019 1.72 % 1/3/2020 Total FHLB advances $ 45,000 2.55 %

Employee Benefit Plans (Tables)

Employee Benefit Plans (Tables)	12 Months Ended
	Dec. 31, 2019
Compensation And Retirement Disclosure [Abstract]
Summary of Pension Plan's Assets By Asset Type	The following table presents the Pension Plan’s assets by asset type as of the periods stated. December 31, 2019 December 31, 2018 Asset type Amount % Amount % Mutual funds - equity $ 794 61 % $ 658 59 % Mutual funds - fixed income 500 39 % 458 41 % Cash and cash equivalents 2 0 % - 0 % Total $ 1,296 100 % $ 1,116 100 %
Changes in Accumulated Benefit Obligation and Fair Value of Qualified Trust Assets (Pension Plan only) and Statement of Funded (Unfunded) Status for Pension Plan and PRB Plan	The following table provides a reconciliation of changes in the accumulated benefit obligations and fair value of qualified trust assets (Pension Plan only) and a statement of funded (unfunded) status for the Pension Plan and the PRB Plan as of and for the periods stated. Pension Plan PRB Plan 2019 2018 2019 2018 Change in benefit obligation Benefit obligation, beginning of year $ 1,599 $ 3,273 $ 71 $ 457 Service cost — — — 3 Interest cost 72 94 3 5 Actuarial loss (gain) 576 (694 ) 5 (36 ) Benefit payments (213 ) (1,295 ) (6 ) (6 ) Curtailment/termination gain — — — (352 ) Settlement (gain) loss (10 ) 221 — — Benefit obligation, end of year 2,024 1,599 73 71 Change in plan assets Fair value of plan assets, beginning of year 1,116 2,465 — — Actual return (loss) on plan assets 207 (54 ) — — Employer contributions 186 — 6 6 Benefits payments (213 ) (1,295 ) (6 ) (6 ) Fair value of plan assets, end of year 1,296 1,116 — — Unfunded status, end of year $ (728 ) $ (483 ) $ (73 ) $ (71 )
Amounts Recognized in Accumulated Other Comprehensive Loss (Income)	Pension Plan PRB Plan Year Ended December 31, Year Ended December 31, 2019 2018 2019 2018 Amounts recognized in accumulated other comprehensive loss (income) Net loss (gain) $ 767 $ 447 $ (321 ) $ (354 ) Prior service cost — — — — Net obligation at transition — — — — Amount recognized $ 767 $ 447 $ (321 ) $ (354 )
Components of Net Periodic Benefit Cost (Gain)	Components of net periodic benefit cost (gain) Service cost $ — $ — $ — $ 3 Interest cost 72 94 3 5 Expected return on plan assets (72 ) (153 ) — — Amortization of prior service cost — — — — Amortization of net obligation at transition — — (28 ) (26 ) Curtailment/termination gain — — — (352 ) Recognized net loss due to settlement 66 422 — — Recognized net actuarial loss 45 51 — — Net periodic benefit cost (gain) 111 414 (25 ) (370 )
Other Changes in Plan Assets and Benefit Obligations Recognized in Accumulated Other Comprehensive (Income) Loss	Other changes in plan assets and benefit obligations recognized in accumulated other comprehensive (income) loss Net loss (gain) 320 (739 ) 33 (10 ) Amortization of prior service cost — — — — Amortization of net obligation at transition — — — — Total recognized in other comprehensive loss (income) 320 (739 ) 33 (10 ) Total recognized in net periodic benefit cost and other comprehensive loss (income) $ 431 $ (325 ) $ 8 $ (380 )
Schedule of Actuarial Assumptions	The following table provides the actuarial assumptions used to derive the information reported in the consolidated financial statements as of and for the periods presented. Pension Plan PRB Plan As of and for the year ended December 31, As of and for the year ended December 31, 2019 2018 2019 2018 Discount rate used for net periodic pension cost 4.25 % 3.50 % 4.25 % 4.25 % Discount rate used for disclosure 3.25 % 4.25 % 3.25 % 4.25 % Expected return on plan assets 7.25 % 7.25 % N/A N/A Rate of compensation increase N/A N/A N/A N/A Rate of compensation increase for net periodic pension cost N/A N/A N/A N/A Expected future interest crediting rate 3.00 % 3.00 % N/A N/A
Estimated Future Benefit Payments for Pension Plan and PRB Plan	The following table provides estimated future benefit payments (cash) for the Pension Plan and PRB Plan for the periods presented. Pension Plan PRB Plan 2020 $ 289 $ 7 2021 108 7 2022 35 7 2023 238 7 2024 112 6 2025 - 2029 624 26

Leases (Tables)

Leases (Tables)	12 Months Ended
	Dec. 31, 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 premises and equipment, net, and other liabilities, respectively, in the consolidated balance sheets. December 31, 2019 Operating lease right-of-use assets $ 4,285 Operating lease liabilities $ 4,598
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 operating leases as of the date stated. December 31, 2019 Weighted average remaining lease term 9 years Weighted average discount rate 3.10 %
Maturity Analysis of Operating Lease Liabilities	The following table presents a maturity analysis of operating lease liabilities for the five years ending subsequent to December 31, 2019 and in total thereafter. 2020 $ 961 2021 995 2022 619 2023 370 2024 380 Thereafter 1,908 Total 5,233 Less interest (635 ) Lease liability $ 4,598
Supplemental Cash Flow Information Related to Leases	The following table presents supplemental cash flow information related to operating leases for the period stated. For the Year Ended December 31, 2019 Cash paid for amount included in the measurement of lease liabilities: Operating cash outflows from operating leases $ 990 Right-of-use assets obtained in exchange for new operating lease liabilities $ 1,557
Schedule of Future Minimum Lease Payments Required Under Long-Term Non-Cancelable Lease Agreements Under ASC 840	The following table presents future minimum lease payments required under the long-term non-cancelable lease agreements in effect as of December 31, 2018 under ASC 840. 2019 $ 748 2020 696 2021 751 2022 590 2023 351 Thereafter 2,053 Total future minimum lease payments $ 5,189

Share Based Compensation (Table

Share Based Compensation (Tables)	12 Months Ended
	Dec. 31, 2019
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]
Fair Value of Stock Options	The following table presents the variables used in the Black-Scholes Model calculations of the fair value of the stock options for the periods presented. For the Year Ended December 31, 2019 2018 Risk free interest rate (5-year U.S. Treasury) 2.03% 2.73% Expected dividend yield 0% 0% Expected term (years) 5 5 Expected volatility 15.7%-17.7% 12.5%-15.7%
Summary of Stock Option Activity	The following table presents stock option activity for the periods presented. Weighted Average Weighted Average Remaining Aggregate Shares Exercise Price Contractual Life (in years) Intrinsic Value (1) Options outstanding and exercisable, January 1, 2018 251,026 $ 7.43 6.73 $ 753,229 Granted 17,500 9.97 Forfeited (6,805 ) 10.37 Exercised (25,491 ) 5.84 Expired (9,459 ) 11.20 Options outstanding, December 31, 2018 226,771 $ 7.56 6.43 $ 223,478 Granted 49,500 8.11 Forfeited (32,276 ) 9.15 Exercised (15,578 ) 5.83 Expired (5,761 ) 7.61 Options outstanding, December 31, 2019 222,656 $ 7.58 6.41 $ 342,650 Options exercisable, December 31, 2019 214,329 $ 7.49 (1) The aggregate intrinsic value of a stock option in the table above represents the total pre-tax intrinsic value (the amount by which the current market value of the underlying stock exceeds the exercise price of the option) that would have been received by the option holders had all option holders exercised their options as of the respective years ended. This amount changes based on changes in the market value of the Company’s common stock.
Summary of Restricted Stock Activity	The following table presents restricted stock activity for the periods presented. Weighted Average Shares Fair Value Restricted stock nonvested, January 1, 2018 10,500 $ 8.44 Granted 60,856 9.75 Vested (3,000 ) 9.15 Forfeited (12,298 ) 8.93 Restricted stock nonvested, December 31, 2018 56,058 $ 9.73 Granted 75,493 8.17 Vested (12,430 ) 9.61 Forfeited (13,915 ) 8.31 Restricted stock nonvested, December 31, 2019 105,206 $ 8.81

Earnings per Share (Tables)

Earnings per Share (Tables)	12 Months Ended
	Dec. 31, 2019
Earnings Per Share [Abstract]
Weighted Average Number of Shares Used in Computing Earnings per Share	The following table shows the calculation of basic and diluted earnings per share and the weighted average number of shares outstanding used in computing earnings per share and the effect on the weighted average number of shares outstanding of dilutive potential common stock. For the Year Ended December 31, 2019 2018 Net income $ 7,058 $ 3,878 Weighted average shares outstanding, basic 13,053,080 13,057,537 Dilutive shares: Stock options 33,334 57,044 Restricted shares 25,439 7,555 Weighted average shares outstanding, dilutive 13,111,853 13,122,136 Basic and diluted earnings per share $ 0.54 $ 0.30

Regulatory Requirements (Tables

Regulatory Requirements (Tables)	12 Months Ended
	Dec. 31, 2019
Banking And Thrift [Abstract]
Schedule of Bank's Actual Capital Amounts and Ratios, and Minimum Capital Requirement Amounts and Ratios Per Regulatory Capital Framework	The following tables present the Company’s and the Bank’s actual capital amounts and ratios, and the minimum capital requirement amounts and ratios per the regulatory capital framework, as of the dates stated. Actual Minimum Capital Requirement Minimum To Be Well Capitalized Amount Ratio Amount Ratio Amount Ratio As of December 31, 2019: Total Risk Based Capital Consolidated $ 153,766 16.23 % $ 99,494 10.50 % N/A N/A Virginia Commonwealth Bank 123,346 13.07 % 99,068 10.50 % $ 94,350 10.00 % Tier 1 Capital Consolidated 115,118 12.15 % 80,543 8.50 % N/A N/A Virginia Commonwealth Bank 115,699 12.26 % 80,198 8.50 % 75,480 8.00 % Common Equity Tier 1 Capital Consolidated 115,118 12.15 % 66,329 7.00 % N/A N/A Virginia Commonwealth Bank 115,699 12.26 % 66,045 7.00 % 61,328 6.50 % Tier 1 leverage ratio Consolidated 115,118 10.33 % 44,597 4.00 % N/A N/A Virginia Commonwealth Bank 115,699 10.42 % 44,430 4.00 % 55,537 5.00 % Actual Minimum Capital Requirement Minimum To Be Well Capitalized Amount Ratio Amount Ratio Amount Ratio As of December 31, 2018: Total Risk Based Capital Consolidated $ 122,177 13.41 % $ 89,979 9.875 % N/A N/A Virginia Commonwealth Bank 106,077 11.68 % 89,691 9.875 % $ 90,826 10.00 % Tier 1 Capital Consolidated 107,286 11.77 % 71,756 7.875 % N/A N/A Virginia Commonwealth Bank 98,078 10.80 % 71,526 7.875 % 72,661 8.00 % Common Equity Tier 1 Capital Consolidated 107,286 11.77 % 58,088 6.375 % N/A N/A Virginia Commonwealth Bank 98,078 10.80 % 57,902 6.375 % 59,037 6.50 % Tier 1 leverage ratio Consolidated 107,286 10.28 % 41,735 4.000 % N/A N/A Virginia Commonwealth Bank 98,078 9.42 % 41,631 4.000 % 52,039 5.00 %

Accumulated Other Comprehensi_2

Accumulated Other Comprehensive Income (Loss), net (Tables)	12 Months Ended
	Dec. 31, 2019
Equity [Abstract]
Components of Accumulated Other Comprehensive Income (Loss), Net	The components of accumulated other comprehensive income (loss), net are shown in the following table as of and for the periods presented. Net Unrealized Gains (Losses) on Available-for-sale Securities Pension and Post-retirement Benefit Plans Accumulated Other Comprehensive Income (Loss), net Balance January 1, 2018 $ (489 ) $ (667 ) $ (1,156 ) Change in net unrealized holding losses on available-for-sale securities, net of tax benefit of $203 (763 ) — (763 ) Net gain on pension and post-retirement benefit plans, net of tax expense of $157 — 592 592 Balance December 31, 2018 (1,252 ) (75 ) (1,327 ) Change in net unrealized holding loss on available-for-sale securities, net of tax expense of $449 1,688 — 1,688 Reclassification for previously unrealized net losses recognized in net income, net of tax benefit of $0 1 — 1 Net loss on pension and post-retirement benefit plans, net of tax benefit of $74 — (279 ) (279 ) Balance December 31, 2019 $ 437 $ (354 ) $ 83

Related Parties (Tables)

Related Parties (Tables)	12 Months Ended
	Dec. 31, 2019
Related Party Transactions [Abstract]
Summary of Amount of Loans to and Repayments on Loans to Related Parties	The following table presents the amount of loans to and repayments on loans to related parties. Balance, January 1, 2019 $ 4,586 New loans and extensions to existing loans 425 Repayments and other reductions (1,012 ) Balance, December 31, 2019 $ 3,999

Fair Value (Tables)

Fair Value (Tables)	12 Months Ended
	Dec. 31, 2019
Fair Value Disclosures [Abstract]
Schedule of Balances of Financial Assets and Liabilities Measured at Fair Value on Recurring Basis	The following table presents the balances of financial assets and liabilities measured at fair value on a recurring basis as of Fair Value Measurements as of December 31, 2019 Using Balance as of December 31, 2019 Level 1 Level 2 Level 3 Available-for-sale securities: U. S. Government agencies and mortgage backed securities $ 67,597 $ 7,024 $ 60,573 $ — State and municipal obligations 16,576 — 16,576 — Corporate bonds 15,281 2,000 10,631 2,650 Total available-for-sale securities: $ 99,454 $ 9,024 $ 87,780 $ 2,650 Mortgage servicing rights $ 935 $ — $ — $ 935 Rabbi trust assets $ 1,082 $ 1,082 $ — $ — 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, January 1, 2019 $ 977 $ 3,671 Purchases — — Transfers from Level 2 to Level 3 — 2,044 Transfers from Level 3 to Level 2 — (3,089 ) Fair value adjustments (42 ) 24 Sales — — Balance, December 31, 2019 $ 935 $ 2,650 MSRs Corporate Bonds Balance, January 1, 2018 $ 999 $ 1,500 Purchases — 1,421 Impairments — — Fair value adjustments (22 ) 750 Sales — — Balance, December 31, 2018 $ 977 $ 3,671
Summary of Assets Measured at Fair Value on Nonrecurring Basis	The following tables summarize assets that were measured at fair value on a nonrecurring basis as of the dates stated. Fair Value Measurements as of December 31, 2019 Using Balance as of December 31, 2019 Level 1 Level 2 Level 3 Impaired loans, net $ 4,084 $ — $ — $ 4,084 Other real estate owned, net 1,916 — — 1,916 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 December 31, 2019 Valuation Technique Unobservable Input Range (Weighted Average) Impaired loans, net $ 4,084 Discounted appraised value Selling Cost 7 % Lack of Marketability 13%-100% (24%) Discounted cash flows Discount Rate 6%-7% (6%) Other real estate owned, net 1,916 Discounted appraised value Selling Cost 6% - 10% (8%) Lack of Marketability 18% - 100% (47%) Balance as of December 31, 2018 Valuation Technique Unobservable Input Range (Weighted Average) Impaired loans, net $ 4,700 Discounted appraised value Selling Cost 7 % Lack of Marketability 13%-100% (25%) Discounted cash flows Discount Rate 5%-7% (6%) Other real estate owned, net 3,597 Discounted appraised value Selling Cost 5% - 19% (8%) Lack of Marketability 9% - 100% (28%)
Summary of Assets and Liabilities at Carrying Value and Estimated Fair Value on a Nonrecurring Basis	The following tables summarize 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 December 31, 2019 Using December 31, 2019 December 31, 2019 Level 1 Level 2 Level 3 Financial Assets: Cash and due from banks $ 6,096 $ 6,096 $ 6,096 $ — $ — Interest-earning deposits 34,358 34,358 34,358 — — Federal funds sold 1,359 1,359 1,359 — — Certificates of deposit 2,754 2,754 — 2,754 — Restricted securities 5,706 5,706 — — 5,706 Loans receivable, net 916,628 910,678 — — 910,678 Loans held for sale 1,231 1,231 — 1,231 — Accrued interest receivable 3,035 3,035 — 3,035 — Financial Liabilities: Noninterest-bearing liabilities $ 137,933 $ 137,933 $ 137,933 $ — $ — Savings and other interest-bearing deposits 382,607 382,607 382,607 — — Time deposits 389,900 392,562 — — 392,562 Securities sold under repurchase agreements 6,525 6,525 6,525 — — FHLB advances 45,000 44,936 — 44,936 — Subordinated notes, net 31,001 32,552 — — 32,552 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 liabilities $ 114,122 $ 114,122 $ 114,122 $ — $ — Savings and other interest-bearing 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

Parent Company Financial Stat_2

Parent Company Financial Statements (Tables)	12 Months Ended
	Dec. 31, 2019
Condensed Financial Information Of Parent Company Only Disclosure [Abstract]
Condensed Balance Sheets	The following tables present condensed financial statements of Bay Banks of Virginia, Inc. as of and for the periods stated. CONDENSED BALANCE SHEETS December 31, 2019 December 31, 2018 ASSETS Cash and due from non-affiliated banks $ 30,213 $ 15,631 Interest-earning deposits 309 155 Certificates of deposit 770 770 Investments in subsidiaries 127,956 109,747 Other assets 1,411 2,225 Total assets $ 160,659 $ 128,528 LIABILITIES AND SHAREHOLDERS' EQUITY Subordinated notes, net of unamortized issuance costs $ 31,001 $ 6,893 Deferred compensation plan 1,082 972 Other borrowings 1,525 1,734 Other liabilities 866 1,453 Total liabilities 34,474 11,052 Total shareholders’ equity 126,185 117,476 Total liabilities and shareholders’ equity $ 160,659 $ 128,528
Condensed Statements of Operations	Year ended December 31, CONDENSED STATEMENTS OF OPERATIONS 2019 2018 Interest income $ 12 $ — Interest expense 911 512 Net interest expense (899 ) (512 ) Net losses on disposition of other assets — (73 ) Other income 192 529 Noninterest income 192 456 Noninterest expense 1,437 1,659 Loss before income taxes and equity in undistributed earnings of subsidiaries (2,144 ) (1,715 ) Income tax benefit (450 ) (212 ) Loss before equity in undistributed earnings of subsidiaries (1,694 ) (1,503 ) Equity in undistributed earnings of subsidiaries 8,752 5,381 Net income $ 7,058 $ 3,878
Condensed Statements of Cash Flows	Year ended December 31, CONDENSED STATEMENTS OF CASH FLOWS 2019 2018 Cash Flows from Operating Activities: Net income $ 7,058 $ 3,878 Adjustments to reconcile net income to net cash used in operating activities: Amortization of subordinated notes issuance costs 40 16 Share-based compensation expense 396 102 Equity in undistributed earnings of subsidiaries (8,752 ) (5,381 ) Decrease (increase) in other assets 961 (98 ) (Decrease) increase in other liabilities (466 ) 1,362 Net cash used in operating activities (763 ) (121 ) Cash Flows from Investing Activities: Purchases of certificates of deposit — (770 ) Investment in subsidiaries (8,000 ) (8,000 ) Net cash used in investing activities (8,000 ) (8,770 ) Cash Flows from Financing Activities: Stock options exercised, net 11 149 Purchases of common stock (580 ) (556 ) Issuance of subordinated notes, net of issuance costs 24,068 — Net cash provided by (used in) financing activities 23,499 (407 ) Net increase (decrease) increase in cash and due from banks (including interest-earning deposits) 14,736 (9,298 ) Cash and cash equivalents (including interest-earning deposits) at beginning of period 15,786 25,084 Cash and cash equivalents (including interest-earning deposits) at end of period $ 30,522 $ 15,786

Organization and Basis of Pre_2

Organization and Basis of Presentation - Additional Information (Detail) - Branch	Dec. 31, 2019	Dec. 31, 2000
Organization Consolidation And Presentation Of Financial Statements [Abstract]
Number of Branches	18	5

Summary of Significant Accoun_3

Summary of Significant Accounting Policies - Additional Information (Detail)	Jan. 01, 2019USD ($)	Dec. 31, 2019USD ($)BranchLease	Dec. 31, 2018USD ($)	Dec. 31, 2000Branch
Significant Accounting Policies [Line Items]
Secured borrowings maturity period under repurchase agreements		1 day
Personal loans charged off period no later than period		180 days
Impaired loans measurement		Impaired loans measured individually for impairment generally include (1) all loans risk rated substandard or worse with balances of $400 thousand or more, and (2) all loans designated as TDRs.
Loan Receivables		$ 924,503,000	$ 902,345,000
Operating lease right of use asset		4,285,000
Operating lease liability		4,598,000
Cumulative effect adjustment of adoption of accounting principle		$ 45,000
Lessee operating lease not yet commenced, option to extend		true
Number of branches purchased during the years 1994 through 2000 | Branch		18		5
Deferred tax assets valuation allowance		$ 0	0
Core Deposits
Significant Accounting Policies [Line Items]
Amortization of intangible assets, estimated useful life		92 months
ASU 2016-02
Significant Accounting Policies [Line Items]
Number of operating leases identified | Lease		16
Operating lease, option to extend		true
Operating lease right of use asset	$ 3,500,000
Operating lease liability	3,800,000
Cumulative effect adjustment of adoption of accounting principle	$ 45,000
Minimum fair value threshold for lease contract		$ 7,500
Substandard
Significant Accounting Policies [Line Items]
Loan Receivables		$ 8,709,000	$ 9,587,000
Minimum
Significant Accounting Policies [Line Items]
Number of days past due for a loan to remain on accrual status		90 days
Minimum | ASU 2016-02
Significant Accounting Policies [Line Items]
Operating lease term		1 year
Minimum | Building
Significant Accounting Policies [Line Items]
Estimated useful lives		10 years
Minimum | Furniture and Equipment
Significant Accounting Policies [Line Items]
Estimated useful lives		3 years
Minimum | Substandard
Significant Accounting Policies [Line Items]
Loan Receivables		$ 400,000
Maximum | ASU 2016-02
Significant Accounting Policies [Line Items]
Operating lease term		10 years
Operating lease, renewal term		5 years
Maximum | Building
Significant Accounting Policies [Line Items]
Estimated useful lives		40 years
Maximum | Furniture and Equipment
Significant Accounting Policies [Line Items]
Estimated useful lives		10 years
Maximum | Substandard
Significant Accounting Policies [Line Items]
Loan Receivables		$ 400,000

Cash Reserves - Additional Info

Cash Reserves - Additional Information (Detail) - USD ($) $ in Millions	Dec. 31, 2019	Dec. 31, 2018
Cash And Cash Equivalents [Abstract]
Federal Reserve	$ 13.1	$ 11.2

Securities - Aggregate Amortize

Securities - Aggregate Amortized Cost, Unrealized Gains and Losses, and Fair Values of Available-for-Sale Securities (Detail) - USD ($) $ in Thousands	Dec. 31, 2019	Dec. 31, 2018
Schedule of Available-for-sale Securities [Line Items]
Amortized Cost	$ 98,894	$ 83,804
Gross Unrealized Gains	741	118
Gross Unrealized (Losses)	(181)	(1,690)
Fair Value	99,454	82,232
US Government Agencies and Mortgage Backed Securities
Schedule of Available-for-sale Securities [Line Items]
Amortized Cost	67,491	51,126
Gross Unrealized Gains	284	35
Gross Unrealized (Losses)	(178)	(1,279)
Fair Value	67,597	49,882
State and Municipal Obligations
Schedule of Available-for-sale Securities [Line Items]
Amortized Cost	16,238	20,484
Gross Unrealized Gains	341	60
Gross Unrealized (Losses)	(3)	(327)
Fair Value	16,576	20,217
Corporate Bonds
Schedule of Available-for-sale Securities [Line Items]
Amortized Cost	15,165	12,194
Gross Unrealized Gains	116	23
Gross Unrealized (Losses)		(84)
Fair Value	$ 15,281	$ 12,133

Securities - Gross Realized Gai

Securities - Gross Realized Gains and Gross Realized Losses of Available-For-Sale Securities (Detail) $ in Thousands	12 Months Ended
	Dec. 31, 2019USD ($)
Investments Debt And Equity Securities [Abstract]
Gross realized gains	$ 13
Gross realized (losses)	(14)
Net realized loss	(1)
Aggregate proceeds	$ 5,005

Securities - Additional Informa

Securities - Additional Information (Detail) - USD ($) $ in Thousands	Dec. 31, 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	$ 6,525	$ 6,089
Company's investment in Federal Home Loan Bank stock	2,900	5,100
Company's investment in FRB stock	2,600	2,300
Investment in stock of bank's primary correspondent bank	$ 220	$ 220

Securities - Securities in Unre

Securities - Securities in Unrealized Loss Positions (Detail) $ in Thousands	Dec. 31, 2019USD ($)Security	Dec. 31, 2018USD ($)Security
Schedule of Available-for-sale Securities [Line Items]
Number of Securities | Security	39	98
Less than 12 months, Fair Value	$ 12,966	$ 11,376
Less than 12 months, Unrealized Loss	(56)	(133)
12 months or more, Fair Value	16,930	52,962
12 months or more, Unrealized Loss	(125)	(1,557)
Fair Value, Total	29,896	64,338
Total Unrealized Loss	$ (181)	$ (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	$ 12,356	$ 2,911
Less than 12 months, Unrealized Loss	(53)	(22)
12 months or more, Fair Value	16,930	43,843
12 months or more, Unrealized Loss	(125)	(1,257)
Fair Value, Total	29,286	46,754
Total Unrealized Loss	$ (178)	$ (1,279)
State and Municipal Obligations
Schedule of Available-for-sale Securities [Line Items]
Number of Securities | Security	1	39
Less than 12 months, Fair Value	$ 610	$ 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	610	11,842
Total Unrealized Loss	$ (3)	$ (327)
Corporate Bonds
Schedule of Available-for-sale Securities [Line Items]
Number of Securities | Security		5
Less than 12 months, Fair Value		$ 5,742
Less than 12 months, Unrealized Loss		(84)
Fair Value, Total		5,742
Total Unrealized Loss		$ (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	Dec. 31, 2019	Dec. 31, 2018
Investments Debt And Equity Securities [Abstract]
Due in one year or less, Amortized Cost	$ 10,528	$ 1,080
Due after one year but less than five years, Amortized Cost	49,586	47,065
Due after five years but less than ten years, Amortized Cost	33,332	26,615
Due after ten years, Amortized Cost	5,448	9,044
Amortized Cost	98,894	83,804
Due in one year or less, Fair Value	10,563	1,079
Due after one year but less than five years, Fair Value	49,921	46,358
Due after five years but less than ten years, Fair Value	33,535	26,149
Due after ten years, Fair Value	5,435	8,646
Total available-for-sale securities, Fair Value	$ 99,454	$ 82,232

Loans - Summary of Composition

Loans - Summary of Composition of Loans (Detail) - USD ($) $ in Thousands	Dec. 31, 2019	Dec. 31, 2018
Summary of balances of loans
Total loans	$ 924,503	$ 902,345
Net unamortized deferred loan fees	(313)	(252)
Allowance for loan losses	(7,562)	(7,902)
Loans receivable, net	916,628	894,191
Construction, land and land development
Summary of balances of loans
Total loans	126,010	109,475
Commercial mortgages (non-owner occupied)
Summary of balances of loans
Total loans	196,143	180,074
Commercial mortgages (owner occupied)
Summary of balances of loans
Total loans	82,829	87,241
Residential first mortgages
Summary of balances of loans
Total loans	293,913	298,894
Residential revolving and junior mortgages
Summary of balances of loans
Total loans	31,893	38,313
Commercial and industrial
Summary of balances of loans
Total loans	181,730	164,608
Consumer
Summary of balances of loans
Total loans	$ 11,985	$ 23,740

Loans - Additional Information

Loans - Additional Information (Detail) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans pledged as collateral	$ 369.5	$ 294.6
Lendable collateral amount	$ 288.8	$ 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	Dec. 31, 2019	Dec. 31, 2018
Accounts, Notes, Loans and Financing Receivable [Line Items]
30-89 Days Past Due	$ 5,041	$ 2,387
90 Days or More Past Due and Still Accruing	16	111
Nonaccruals	4,476	5,206
Total Past Due and Nonaccruals	9,533	7,704
Current	914,970	894,641
Total Loans	924,503	902,345
Construction, land and land development
Accounts, Notes, Loans and Financing Receivable [Line Items]
30-89 Days Past Due	77	552
Nonaccruals	417	740
Total Past Due and Nonaccruals	494	1,292
Current	125,516	108,183
Total Loans	126,010	109,475
Commercial mortgages (non-owner occupied)
Accounts, Notes, Loans and Financing Receivable [Line Items]
30-89 Days Past Due	126	50
Nonaccruals	433	996
Total Past Due and Nonaccruals	559	1,046
Current	195,584	179,028
Total Loans	196,143	180,074
Commercial mortgages (owner occupied)
Accounts, Notes, Loans and Financing Receivable [Line Items]
30-89 Days Past Due	173
90 Days or More Past Due and Still Accruing		56
Nonaccruals	587	1,064
Total Past Due and Nonaccruals	760	1,120
Current	82,069	86,121
Total Loans	82,829	87,241
Residential first mortgages
Accounts, Notes, Loans and Financing Receivable [Line Items]
30-89 Days Past Due	3,904	1,341
90 Days or More Past Due and Still Accruing	16	55
Nonaccruals	1,403	1,361
Total Past Due and Nonaccruals	5,323	2,757
Current	288,590	296,137
Total Loans	293,913	298,894
Residential revolving and junior mortgages
Accounts, Notes, Loans and Financing Receivable [Line Items]
30-89 Days Past Due	52	115
Nonaccruals	724	782
Total Past Due and Nonaccruals	776	897
Current	31,117	37,416
Total Loans	31,893	38,313
Commercial and industrial
Accounts, Notes, Loans and Financing Receivable [Line Items]
30-89 Days Past Due	570
Nonaccruals	670	48
Total Past Due and Nonaccruals	1,240	48
Current	180,490	164,560
Total Loans	181,730	164,608
Consumer
Accounts, Notes, Loans and Financing Receivable [Line Items]
30-89 Days Past Due	139	329
Nonaccruals	242	215
Total Past Due and Nonaccruals	381	544
Current	11,604	23,196
Total Loans	$ 11,985	$ 23,740

Loans - Summary of Recorded Inv

Loans - Summary of Recorded Investment of Purchased Impaired Loans (Detail) - PCI Loans - USD ($) $ in Thousands	Dec. 31, 2019	Dec. 31, 2018
Financing Receivable, Impaired [Line Items]
30-89 Days Past Due	$ 390	$ 115
90 Days or More Past Due and Still Accruing	16	111
Nonaccruals	0	0
Total Past Due and Nonaccruals	406	226
Current	4,464	5,097
Total PCI Loans	4,870	5,323
Construction, land and land development
Financing Receivable, Impaired [Line Items]
30-89 Days Past Due		23
Nonaccruals	0	0
Total Past Due and Nonaccruals		23
Current	1,357	1,355
Total PCI Loans	1,357	1,378
Commercial mortgages (non-owner occupied)
Financing Receivable, Impaired [Line Items]
30-89 Days Past Due	126
Nonaccruals	0	0
Total Past Due and Nonaccruals	126
Current		142
Total PCI Loans	126	142
Commercial mortgages (owner occupied)
Financing Receivable, Impaired [Line Items]
30-89 Days Past Due	25
90 Days or More Past Due and Still Accruing		56
Nonaccruals	0	0
Total Past Due and Nonaccruals	25	56
Current	229	237
Total PCI Loans	254	293
Residential first mortgages
Financing Receivable, Impaired [Line Items]
30-89 Days Past Due	239	92
90 Days or More Past Due and Still Accruing	16	55
Nonaccruals	0	0
Total Past Due and Nonaccruals	255	147
Current	2,836	3,317
Total PCI Loans	3,091	3,464
Residential revolving and junior mortgages
Financing Receivable, Impaired [Line Items]
Nonaccruals	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
Nonaccruals	0	0
Total Past Due and Nonaccruals	0	0
Current	0	0
Total PCI Loans	0	0
Consumer
Financing Receivable, Impaired [Line Items]
Nonaccruals	0	0
Current	42	46
Total PCI Loans	$ 42	$ 46

Loans - Summary of Changes in A

Loans - Summary of Changes in Accretable Yield for PCI Loans (Detail) - PCI Loans - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Accounts, Notes, Loans and Financing Receivable [Line Items]
Balance at beginning of year	$ 1,083	$ 1,087
Accretion of acquisition accounting adjustment	(382)	(358)
Reclassifications from (to) nonaccretable balance, net	56	(46)
Other changes, net	216	400
Balance at end of year	$ 973	$ 1,083

Loans - Internal Risk Ratings (

Loans - Internal Risk Ratings (Detail) - USD ($) $ in Thousands	Dec. 31, 2019	Dec. 31, 2018
INTERNAL RISK RATING
Loan Receivables	$ 924,503	$ 902,345
Pass
INTERNAL RISK RATING
Loan Receivables	912,179	890,498
Special Mention
INTERNAL RISK RATING
Loan Receivables	3,615	2,260
Substandard
INTERNAL RISK RATING
Loan Receivables	8,709	9,587
Construction, Land and Land Development
INTERNAL RISK RATING
Loan Receivables	126,010	109,475
Construction, Land and Land Development | Pass
INTERNAL RISK RATING
Loan Receivables	123,916	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	2,094	2,101
Commercial Mortgages (Non-Owner Occupied)
INTERNAL RISK RATING
Loan Receivables	196,143	180,074
Commercial Mortgages (Non-Owner Occupied) | Pass
INTERNAL RISK RATING
Loan Receivables	195,584	178,936
Commercial Mortgages (Non-Owner Occupied) | Substandard
INTERNAL RISK RATING
Loan Receivables	559	1,138
Commercial Mortgages (Owner Occupied)
INTERNAL RISK RATING
Loan Receivables	82,829	87,241
Commercial Mortgages (Owner Occupied) | Pass
INTERNAL RISK RATING
Loan Receivables	81,936	85,897
Commercial Mortgages (Owner Occupied) | Special Mention
INTERNAL RISK RATING
Loan Receivables	149	107
Commercial Mortgages (Owner Occupied) | Substandard
INTERNAL RISK RATING
Loan Receivables	744	1,237
Residential First Mortgages
INTERNAL RISK RATING
Loan Receivables	293,913	298,894
Residential First Mortgages | Pass
INTERNAL RISK RATING
Loan Receivables	290,322	295,372
Residential First Mortgages | Special Mention
INTERNAL RISK RATING
Loan Receivables	1,091	1,071
Residential First Mortgages | Substandard
INTERNAL RISK RATING
Loan Receivables	2,500	2,451
Residential Revolving and Junior Mortgages
INTERNAL RISK RATING
Loan Receivables	31,893	38,313
Residential Revolving and Junior Mortgages | Pass
INTERNAL RISK RATING
Loan Receivables	31,084	37,206
Residential Revolving and Junior Mortgages | Special Mention
INTERNAL RISK RATING
Loan Receivables	86
Residential Revolving and Junior Mortgages | Substandard
INTERNAL RISK RATING
Loan Receivables	723	1,107
Commercial and Industrial
INTERNAL RISK RATING
Loan Receivables	181,730	164,608
Commercial and Industrial | Pass
INTERNAL RISK RATING
Loan Receivables	177,608	162,392
Commercial and Industrial | Special Mention
INTERNAL RISK RATING
Loan Receivables	2,289	893
Commercial and Industrial | Substandard
INTERNAL RISK RATING
Loan Receivables	1,833	1,323
Consumer
INTERNAL RISK RATING
Loan Receivables	11,985	23,740
Consumer | Pass
INTERNAL RISK RATING
Loan Receivables	11,729	23,389
Consumer | Special Mention
INTERNAL RISK RATING
Loan Receivables		121
Consumer | Substandard
INTERNAL RISK RATING
Loan Receivables	$ 256	$ 230

Allowance for Loan Losses - Loa

Allowance for Loan Losses - Loans Evaluated for Impairment Individually and Collectively by Loan Type (Detail) - USD ($) $ in Thousands	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans individually evaluated for impairment	$ 1,039	$ 1,157
Loans collectively evaluated for impairment	6,523	6,745
Purchased credit-impaired loans	0	0
Total allowance on loan losses	7,562	7,902	$ 7,770
Loans individually evaluated for impairment	6,069	7,606
Loans collectively evaluated for impairment	913,564	889,416
Purchased credit-impaired loans	4,870	5,323
Total Loans	924,503	902,345
Mortgage Loans on Real Estate
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans individually evaluated for impairment	878	1,036
Loans collectively evaluated for impairment	4,494	3,931
Purchased credit-impaired loans	0	0
Total allowance on loan losses	5,372	4,967	3,864
Loans individually evaluated for impairment	5,502	7,485
Loans collectively evaluated for impairment	720,458	701,235
Purchased credit-impaired loans	4,828	5,277
Total Loans	730,788	713,997
Commercial and Industrial
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans individually evaluated for impairment	49
Loans collectively evaluated for impairment	1,522	1,374
Purchased credit-impaired loans	0	0
Total allowance on loan losses	1,571	1,374	878
Loans individually evaluated for impairment	455
Loans collectively evaluated for impairment	181,275	164,608
Total Loans	181,730	164,608
Consumer
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans individually evaluated for impairment	112	121
Loans collectively evaluated for impairment	507	1,440
Purchased credit-impaired loans	0	0
Total allowance on loan losses	619	1,561	$ 3,028
Loans individually evaluated for impairment	112	121
Loans collectively evaluated for impairment	11,831	23,573
Purchased credit-impaired loans	42	46
Total Loans	$ 11,985	$ 23,740

Allowance for Loan Losses - ALL

Allowance for Loan Losses - ALL by Loan Type (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Accounts, Notes, Loans and Financing Receivable [Line Items]
Beginning Balance	$ 7,902	$ 7,770
Charge-offs	(1,925)	(1,692)
Recoveries	403	473
Provision (recovery of)	1,182	1,351
Ending Balance	7,562	7,902
Mortgage Loans on Real Estate
Accounts, Notes, Loans and Financing Receivable [Line Items]
Beginning Balance	4,967	3,864
Charge-offs	(455)	(202)
Recoveries	140	110
Provision (recovery of)	720	1,195
Ending Balance	5,372	4,967
Commercial and Industrial
Accounts, Notes, Loans and Financing Receivable [Line Items]
Beginning Balance	1,374	878
Charge-offs		(116)
Recoveries	2	1
Provision (recovery of)	195	611
Ending Balance	1,571	1,374
Consumer
Accounts, Notes, Loans and Financing Receivable [Line Items]
Beginning Balance	1,561	3,028
Charge-offs	(1,470)	(1,374)
Recoveries	261	362
Provision (recovery of)	267	(455)
Ending Balance	$ 619	$ 1,561

Allowance for Loan Losses - Add

Allowance for Loan Losses - Additional Information (Detail) - USD ($)	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Accounts, Notes, Loans and Financing Receivable [Line Items]
Recovery of loan losses	$ (1,182,000)	$ (1,351,000)
Loans modified as TDRs	$ 0	0
Consumer
Accounts, Notes, Loans and Financing Receivable [Line Items]
Recovery of loan losses		$ 455,000
Overstated | Consumer
Accounts, Notes, Loans and Financing Receivable [Line Items]
Allowance for loan losses for acquired loans			$ 580,000

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	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Accounts, Notes, Loans and Financing Receivable [Line Items]
With no related allowance, Recorded Investment	$ 946	$ 1,749
With no related allowance, Borrowers' Unpaid Principal Balance	946	1,820
With no related allowance, Related Allowance	0	0
With an allowance recorded, Recorded Investment	5,123	5,857
With an allowance recorded, Borrowers' Unpaid Principal Balance	5,123	5,857
With an allowance recorded, Related Allowance	1,039	1,157
Total Impaired Loans, Recorded Investment	6,069	7,606
Total Impaired Loans, Borrowers' Unpaid Principal Balance	6,069	7,677
With no related allowance, Average Recorded Investment	940	1,536
With no related allowance, Interest Income Recognized	55	81
With an allowance recorded, Average Recorded Investment	5,087	4,914
With an allowance recorded, Interest Income Recognized	250	244
Total, Average Recorded Investment	6,027	6,450
Total, Interest Income Recognized	305	325
Construction, land and land development
Accounts, Notes, Loans and Financing Receivable [Line Items]
With no related allowance, Recorded Investment	17	335
With no related allowance, Borrowers' Unpaid Principal Balance	17	406
With no related allowance, Related Allowance	0	0
With an allowance recorded, Recorded Investment	171	275
With an allowance recorded, Borrowers' Unpaid Principal Balance	171	275
With an allowance recorded, Related Allowance	44	132
Total Impaired Loans, Recorded Investment	188	610
Total Impaired Loans, Borrowers' Unpaid Principal Balance	188	681
With no related allowance, Average Recorded Investment	18	382
With no related allowance, Interest Income Recognized	1	13
With an allowance recorded, Average Recorded Investment	214	267
With an allowance recorded, Interest Income Recognized	21	18
Total, Average Recorded Investment	232	649
Total, Interest Income Recognized	22	31
Residential first mortgages
Accounts, Notes, Loans and Financing Receivable [Line Items]
With no related allowance, Recorded Investment	510	0
With no related allowance, Borrowers' Unpaid Principal Balance	510	0
With no related allowance, Related Allowance	0	0
With an allowance recorded, Recorded Investment	2,857	3,447
With an allowance recorded, Borrowers' Unpaid Principal Balance	2,857	3,447
With an allowance recorded, Related Allowance	676	565
Total Impaired Loans, Recorded Investment	3,367	3,447
Total Impaired Loans, Borrowers' Unpaid Principal Balance	3,367	3,447
With no related allowance, Average Recorded Investment	514	760
With no related allowance, Interest Income Recognized	27	0
With an allowance recorded, Average Recorded Investment	2,586	3,037
With an allowance recorded, Interest Income Recognized	100	150
Total, Average Recorded Investment	3,100	3,797
Total, Interest Income Recognized	127	194
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
With an allowance recorded, Recorded Investment	47	502
With an allowance recorded, Borrowers' Unpaid Principal Balance	47	502
With an allowance recorded, Related Allowance	47	264
Total Impaired Loans, Recorded Investment	47	1,530
Total Impaired Loans, Borrowers' Unpaid Principal Balance	47	1,530
With no related allowance, Interest Income Recognized		44
With an allowance recorded, Average Recorded Investment	47	149
With an allowance recorded, Interest Income Recognized	7	6
Total, Average Recorded Investment	47	149
Total, Interest Income Recognized	7	6
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
With an allowance recorded, Recorded Investment	433	443
With an allowance recorded, Borrowers' Unpaid Principal Balance	433	443
With an allowance recorded, Related Allowance	58	18
Total Impaired Loans, Recorded Investment	433	829
Total Impaired Loans, Borrowers' Unpaid Principal Balance	433	829
With no related allowance, Average Recorded Investment	0	0
With no related allowance, Interest Income Recognized	0	0
With an allowance recorded, Average Recorded Investment	436	267
With an allowance recorded, Interest Income Recognized	32	12
Total, Average Recorded Investment	436	267
Total, Interest Income Recognized	32	12
Commercial Mortgages (Owner Occupied)
Accounts, Notes, Loans and Financing Receivable [Line Items]
With no related allowance, Recorded Investment	419
With no related allowance, Borrowers' Unpaid Principal Balance	419
With no related allowance, Related Allowance	0	0
With an allowance recorded, Recorded Investment	1,048	1,069
With an allowance recorded, Borrowers' Unpaid Principal Balance	1,048	1,069
With an allowance recorded, Related Allowance	53	57
Total Impaired Loans, Recorded Investment	1,467	1,069
Total Impaired Loans, Borrowers' Unpaid Principal Balance	1,467	1,069
With no related allowance, Average Recorded Investment	408	394
With no related allowance, Interest Income Recognized	27	24
With an allowance recorded, Average Recorded Investment	1,058	1,061
With an allowance recorded, Interest Income Recognized	56	47
Total, Average Recorded Investment	1,466	1,455
Total, Interest Income Recognized	83	71
Commercial and industrial
Accounts, Notes, Loans and Financing Receivable [Line Items]
With no related allowance, Recorded Investment	0	0
With no related allowance, Borrowers' Unpaid Principal Balance	0	0
With no related allowance, Related Allowance	0	0
With an allowance recorded, Recorded Investment	455
With an allowance recorded, Borrowers' Unpaid Principal Balance	455
With an allowance recorded, Related Allowance	49
Total Impaired Loans, Recorded Investment	455
Total Impaired Loans, Borrowers' Unpaid Principal Balance	455
With no related allowance, Average Recorded Investment	0	0
With no related allowance, Interest Income Recognized	0	0
With an allowance recorded, Average Recorded Investment	628
With an allowance recorded, Interest Income Recognized	30	0
Total, Average Recorded Investment	628
Total, Interest Income Recognized	30	0
Consumer
Accounts, Notes, Loans and Financing Receivable [Line Items]
With no related allowance, Recorded Investment	0	0
With no related allowance, Borrowers' Unpaid Principal Balance	0	0
With no related allowance, Related Allowance	0	0
With an allowance recorded, Recorded Investment	112	121
With an allowance recorded, Borrowers' Unpaid Principal Balance	112	121
With an allowance recorded, Related Allowance	112	121
Total Impaired Loans, Recorded Investment	112	121
Total Impaired Loans, Borrowers' Unpaid Principal Balance	112	121
With no related allowance, Average Recorded Investment	0	0
With no related allowance, Interest Income Recognized	0	0
With an allowance recorded, Average Recorded Investment	118	133
With an allowance recorded, Interest Income Recognized	4	11
Total, Average Recorded Investment	118	133
Total, Interest Income Recognized	$ 4	$ 11

Allowance for Loan Losses - Rec

Allowance for Loan Losses - Reconciliation of Nonaccrual Loans to Impaired Loans (Detail) - USD ($) $ in Thousands	Dec. 31, 2019	Dec. 31, 2018
Receivables [Abstract]
Nonaccrual loans	$ 4,476	$ 5,206
Nonaccrual loans collectively evaluated for impairment	(1,895)	(2,040)
Nonaccrual impaired loans	2,581	3,166
TDRs on accrual	3,270	4,115
Other impaired loans on accrual	218	325
Total Impaired Loans, Recorded Investment	$ 6,069	$ 7,606

Allowance for Loan Losses - Sum

Allowance for Loan Losses - Summary of Troubled Debt Restructurings (Detail) $ in Thousands		12 Months Ended
		Dec. 31, 2019USD ($)Loan	Dec. 31, 2018USD ($)Loan
Residential First Mortgages
Accounts, Notes, Loans and Financing Receivable [Line Items]
Number of Loans | Loan	[1]	1	9
Pre-Modification Outstanding Recorded Investment	[1]	$ 159	$ 1,315
Post-Modification Outstanding Recorded Investment	[1]	$ 159	$ 1,324
Commercial Mortgages (Owner Occupied)
Accounts, Notes, Loans and Financing Receivable [Line Items]
Number of Loans | Loan	[2]	1	1
Pre-Modification Outstanding Recorded Investment	[2]	$ 52	$ 644
Post-Modification Outstanding Recorded Investment	[2]	$ 52	$ 672
[1]	The modification in the 2019 period was a loan interest rate reduction while the modifications in the 2018 period consisted of seven loans with term extensions, one loan with interest capitalized to principal, and one loan with an interest rate reduction.
[2]	The modification in the 2019 period was an extension of the loan’s terms while the modification in the 2018 period was one loan with interest capitalized to principal.

Allowance for Loan Losses - S_2

Allowance for Loan Losses - Summary of Roll Forward of Accruing and Nonaccrual TDRs (Detail) $ in Thousands	12 Months Ended
	Dec. 31, 2019USD ($)
Financing Receivable, Impaired [Line Items]
Beginning Balance	$ 7,902
Ending Balance	7,562
Accruing
Financing Receivable, Impaired [Line Items]
Beginning Balance	4,115
Charge-offs	0
Payments and other adjustments	(823)
New TDR designation	208
Release TDR designation	(162)
Transfer	(68)
Ending Balance	3,270
Nonaccrual
Financing Receivable, Impaired [Line Items]
Beginning Balance	1,477
Charge-offs	0
Payments and other adjustments	(193)
New TDR designation	0
Release TDR designation	0
Transfer	68
Ending Balance	1,352
Troubled Debt Restructuring
Financing Receivable, Impaired [Line Items]
Beginning Balance	5,592
Charge-offs	0
Payments and other adjustments	(1,016)
New TDR designation	208
Release TDR designation	(162)
Transfer	0
Ending Balance	$ 4,622

Premises and Equipment, Net - C

Premises and Equipment, Net - Components of Premises and Equipment, Net of Accumulated Depreciation, Included in Consolidated Balance Sheets (Detail) - USD ($) $ in Thousands	Dec. 31, 2019	Dec. 31, 2018
Property, Plant and Equipment [Line Items]
Premises and equipment	$ 38,027	$ 38,118
Less accumulated depreciation	(17,886)	(19,949)
Premises and equipment, net	20,141	18,169
Land and Improvements
Property, Plant and Equipment [Line Items]
Premises and equipment	4,226	4,639
Buildings and Improvements
Property, Plant and Equipment [Line Items]
Premises and equipment	18,099	20,261
Furniture and Equipment
Property, Plant and Equipment [Line Items]
Premises and equipment	11,417	$ 13,218
Right of Use Assets
Property, Plant and Equipment [Line Items]
Premises and equipment	$ 4,285

Premises and Equipment, Net - A

Premises and Equipment, Net - Additional Information (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Property Plant And Equipment [Abstract]
Depreciation and amortization	$ 1,657	$ 1,644

Other Real Estate Owned, Net -

Other Real Estate Owned, Net - Number and Carrying Value of Properties Included in OREO, Net (Detail) $ in Thousands	Dec. 31, 2019USD ($)Property	Dec. 31, 2018USD ($)Property
Real Estate Properties [Line Items]
No. of Properties | Property	18	26
Carrying Value | $	$ 1,916	$ 3,597
Residential
Real Estate Properties [Line Items]
No. of Properties | Property	4	6
Carrying Value | $	$ 302	$ 1,339
Land
Real Estate Properties [Line Items]
No. of Properties | Property	13	17
Carrying Value | $	$ 1,354	$ 1,741
Commercial
Real Estate Properties [Line Items]
No. of Properties | Property	1	3
Carrying Value | $	$ 260	$ 517

Other Real Estate Owned, Net _2

Other Real Estate Owned, Net - Components of Other Real Estate Owned (OREO) Valuation Allowance (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Real Estate Owned And Other Repossessed Assets [Line Items]
Valuation adjustments	$ (434)	$ (21)
Valuation Allowance, Other Real Estate Owned
Real Estate Owned And Other Repossessed Assets [Line Items]
Balance, beginning of year	415	461
Valuation adjustments	434	21
Charge-offs	(505)	(67)
Balance, end of year	$ 344	$ 415

Other Real Estate Owned, Net _3

Other Real Estate Owned, Net - Other Real Estate Owned (OREO) Related Activity Reported in Consolidated Statements of Operations (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Real Estate Properties Base Purchase Price [Abstract]
Net loss (gain) on sale of other real estate owned	$ 26	$ (128)
Valuation adjustments	434	21
Foreclosed property expense, net of income	141	171
Total expenses	$ 601	$ 64

Other Real Estate Owned, Net _4

Other Real Estate Owned, Net - Additional Information (Detail) - Residential $ in Thousands	12 Months Ended
	Dec. 31, 2019USD ($)Property
Other Real Estate [Line Items]
Residential properties collateralized with loan | Property	1
Mortgage loan in process of foreclosure | $	$ 94

Goodwill and Intangible Asset_2

Goodwill and Intangible Assets - Additional Information (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Mortgage Servicing Rights
Schedule Of Goodwill And Purchased Intangible Assets [Line Items]
Impairment of intangible assets	$ 42
Core Deposits
Schedule Of Goodwill And Purchased Intangible Assets [Line Items]
Core deposit intangibles, estimated useful life	92 months
Amortization expense	$ 674	$ 798

Goodwill and Intangible Asset_3

Goodwill and Intangible Assets - Information on Intangible Assets, Other than Goodwill (Detail) - USD ($) $ in Thousands	Dec. 31, 2019	Dec. 31, 2018
Schedule Of Goodwill And Purchased Intangible Assets [Line Items]
Gross Carrying Value	$ 4,605	$ 4,647
Accumulated Amortization	2,152	1,477
Net Carrying Value	2,453	3,170
Mortgage Servicing Rights
Schedule Of Goodwill And Purchased Intangible Assets [Line Items]
Net Carrying Value	935	977
Core Deposit Intangibles
Schedule Of Goodwill And Purchased Intangible Assets [Line Items]
Gross Carrying Value	3,670	3,670
Accumulated Amortization	2,152	1,477
Net Carrying Value	$ 1,518	$ 2,193

Goodwill and Intangible Asset_4

Goodwill and Intangible Assets - Estimated Remaining Amortization Expense (Detail) - USD ($) $ in Thousands	Dec. 31, 2019	Dec. 31, 2018
Schedule Of Goodwill And Purchased Intangible Assets [Line Items]
Net Carrying Value	$ 2,453	$ 3,170
Core Deposits
Schedule Of Goodwill And Purchased Intangible Assets [Line Items]
2020	551
2021	427
2022	304
2023	180
2024	56
Net Carrying Value	$ 1,518	$ 2,193

Income Taxes - Current and Defe

Income Taxes - Current and Deferred Income Tax Expense (Benefit) (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Income Tax Disclosure [Abstract]
Current (benefit) expense	$ 1,241	$ (313)
Deferred expense	408	846
Income tax expense	$ 1,649	$ 533

Income Taxes - Additional Infor

Income Taxes - Additional Information (Detail) - USD ($)	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Income Tax Disclosure [Abstract]
Bank Franchise Tax Expense	$ 864,000	$ 726,000
Statutory rate	21.00%	21.00%
Deferred tax assets valuation allowance	$ 0	$ 0
Unrecognized tax benefits	$ 0	$ 0
Income tax examination, description	Tax years prior to 2016 are no longer open for Internal Revenue Service audit.

Income Taxes - Summary of Feder

Income Taxes - Summary of Federal Statutory Income Tax Rate Reconciled to Effective Income Tax Rate (Detail)	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Income Tax Disclosure [Abstract]
Federal statutory income tax rate	21.00%	21.00%
Increase (decrease) resulting from:
Net tax-exempt income	(2.80%)	(5.60%)
Income tax return to provision adjustment	0.20%	(3.90%)
Other, net	0.50%	0.60%
Federal effective income tax rate	18.90%	12.10%

Income Taxes - Components of Ne

Income Taxes - Components of Net Deferred Tax Assets (Detail) - USD ($) $ in Thousands	Dec. 31, 2019	Dec. 31, 2018
Deferred tax assets
Allowance for loan losses	$ 1,588	$ 1,629
Other real estate owned	203	226
Pension and post-retirement benefit plans	179	127
Unrealized losses on available-for-sale securities		333
Deferred and share-based compensation plans	317	237
Fair value adjustments on acquired loans and time deposits resulting from the Merger	500	969
Net deferred loan fees	66	53
Other	252	124
Total deferred tax assets	3,105	3,698
Deferred tax liabilities
Depreciation of fixed assets	(556)	(359)
Amortization of goodwill and core deposit intangible asset	(909)	(1,050)
Premium on fixed assets acquired in the Merger	(518)	(553)
Unrealized gains on available-for-sale securities	(116)
Recapture of bad debts experience reserve	(102)	(178)
Other	(85)	(48)
Total deferred tax liabilities	(2,286)	(2,188)
Deferred tax asset, net	$ 819	$ 1,510

Deposits - Summary of Deposit A

Deposits - Summary of Deposit Accounts (Detail) - USD ($) $ in Thousands	Dec. 31, 2019	Dec. 31, 2018
Banking And Thrift [Abstract]
Noninterest-bearing demand deposits	$ 137,933	$ 114,122
Interest-bearing:
Savings deposits	56,785	57,472
Demand deposits	71,750	76,302
Money market deposits	254,072	225,626
Time deposits less than $250	299,649	306,720
Time deposits $250 or more	90,251	61,950
Total deposits	$ 910,440	$ 842,192

Deposits - Schedule of Time Dep

Deposits - Schedule of Time Deposits Maturities (Detail) - USD ($) $ in Thousands	Dec. 31, 2019	Dec. 31, 2018
Banking And Thrift [Abstract]
2020	$ 222,413
2021	64,611
2022	34,238
2023	52,381
2024	16,223
Thereafter	34
Total	$ 389,900	$ 368,670

Deposits - Additional Informati

Deposits - Additional Information (Detail) - USD ($) $ in Thousands	Dec. 31, 2019	Dec. 31, 2018
Banking And Thrift [Abstract]
Overdraft demand deposits reclassified to loans	$ 152	$ 110

Borrowings - Additional Informa

Borrowings - Additional Information (Detail)	Oct. 07, 2019USD ($)	May 28, 2015USD ($)	Dec. 31, 2019USD ($)Loan	Dec. 31, 2018USD ($)Loan
Debt Instrument [Line Items]
Federal Home Loan Bank advances			$ 45,000,000	$ 100,000,000
Number of FHLB debt advances | Loan			5	4
Federal home loan bank advances secured			$ 288,800,000
Immediate available credit			200,900,000
Total line of credit			276,900,000
Letters of credit issued			31,000,000
Securities sold under repurchase agreements			$ 6,525,000	$ 6,089,000
Securities sold under agreements to repurchase, average rate			0.22%	0.22%
Interest Rate			2.55%
Unused lines of Credit
Debt Instrument [Line Items]
Unused lines of credit			$ 41,000,000	$ 21,000,000
Employee Stock Ownership Plan (ESOP)
Debt Instrument [Line Items]
Aggregate carrying value of debt			$ 1,500,000	1,700,000
Three ESOP Notes | Employee Stock Ownership Plan (ESOP)
Debt Instrument [Line Items]
Interest Rate			3.25%
Debt instrument, maturity date range, start			Mar. 1, 2025
Debt instrument, maturity date range, end			Nov. 1, 2026
Two ESOP Notes | Employee Stock Ownership Plan (ESOP)
Debt Instrument [Line Items]
Interest Rate			5.50%
Debt instrument, maturity date range, start			Jun. 14, 2024
Debt instrument, maturity date range, end			Dec. 31, 2027
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 debt			$ 6,900,000	$ 6,900,000
Effective interest rate			6.83%	6.85%
Subordinated Debt Due 2029
Debt Instrument [Line Items]
Debt instrument, face amount	$ 25,000,000
Debt instrument, maturity date	Oct. 15, 2029
Aggregate carrying value of debt			$ 24,100,000
Effective interest rate			6.22%
Debt instrument, callable month and year	2020-05
Subordinated Debt Due 2029 | Fixed Rate Beginning October 7, 2019 Through October 14, 2024
Debt Instrument [Line Items]
Interest Rate	5.625%
Debt instrument, frequency of payment	Payable semi-annually in arrears
Subordinated Debt Due 2029 | Floating Rate From October 15, 2024 through October 14, 2029
Debt Instrument [Line Items]
Debt instrument, frequency of payment	Payable quarterly in arrears
Subordinated Debt Due 2029 | Floating Rate From October 15, 2024 through October 14, 2029 | Three-month SOFR
Debt Instrument [Line Items]
Debt instrument, basis points on variable rate	4.335%

Borrowings - Advances of Debt (

Borrowings - Advances of Debt (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Debt Instrument [Line Items]
Total FHLB advances	$ 45,000	$ 100,000
Interest Rate	2.55%
Federal Home Loan Bank Advances One | Adjustable Rate Hybrid
Debt Instrument [Line Items]
Federal Home Loan Bank advances, Non current	$ 10,000
Originated	Apr. 12, 2013
Interest Rate	4.38%
Maturity Date	Apr. 13, 2020
Federal Home Loan Bank Advances Two | Fixed Rate Credit
Debt Instrument [Line Items]
Federal Home Loan Bank advances, Current	$ 20,000
Originated	Jul. 3, 2019
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, Current	$ 10,000
Originated	Aug. 7, 2019
Interest Rate	1.79%
Maturity Date	Aug. 7, 2020
Federal Home Loan Bank Advances Four | Fixed Rate Credit
Debt Instrument [Line Items]
Federal Home Loan Bank advances, Current	$ 5,000
Originated	Nov. 27, 2019
Interest Rate	1.72%
Maturity Date	Jan. 3, 2020

Employee Benefit Plans - Additi

Employee Benefit Plans - Additional Information (Detail)	12 Months Ended
	Dec. 31, 2019USD ($)LoanAgeshares	Dec. 31, 2018USD ($)
Defined Contribution Plan Disclosure [Line Items]
Gain on curtailment of post-retirement benefit plan		$ 352,000
Deferred compensation liability	$ 1,100,000	972,000
Noncontributory employee stock ownership plan, service period eligibility	12 months
Noncontributory employee stock ownership plan, age eligibility | Age	21
Allocations, as a percentage of eligible participant compensation	25.00%
Participant accounts vested after two years	30.00%
Participant accounts vested after three years	40.00%
Participant accounts vested each year, from fourth year till 100% vested	20.00%
Participant accounts, total vested	100.00%
Allocated shares | shares	77,550
Contribution expense	$ 197,000	55,000
Number of outstanding loans | Loan	5
ESOP loan	$ 1,600,000
Unallocated shares to employee | shares	197,901
401 (k) Retirement Plan
Defined Contribution Plan Disclosure [Line Items]
Employees vested percentage in subsidiary's match after two years of service	100.00%
Matching contributions amount to defined contribution plan	$ 429,000	392,000
401 (k) Retirement Plan, First 4% of Deferral
Defined Contribution Plan Disclosure [Line Items]
Matching contribution to defined contribution plan	100.00%
Percentage of employee's contributions	4.00%
Maximum
Defined Contribution Plan Disclosure [Line Items]
Deferred compensation plan, distribution period	20 years
Maximum | 401 (k) Retirement Plan
Defined Contribution Plan Disclosure [Line Items]
Defined contribution plan, contributions per employee percent	15.00%
Minimum | 401 (k) Retirement Plan
Defined Contribution Plan Disclosure [Line Items]
Defined contribution plan, contributions per employee percent	1.00%
Employees
Defined Contribution Plan Disclosure [Line Items]
Deferred compensation payments	$ 0	179,000
Director
Defined Contribution Plan Disclosure [Line Items]
Deferred compensation plan, fees deferred	$ 68,000	61,000
Nonqualified Plan | Employees | Maximum
Defined Contribution Plan Disclosure [Line Items]
Percentage of nonqualified deferred compensation plan deferred	100.00%
Pension Plan
Defined Contribution Plan Disclosure [Line Items]
Accumulated benefit obligation	$ 2,000,000	1,600,000
Unfunded liability	728,000	483,000
Employer contributions	186,000	0
PRB Plan
Defined Contribution Plan Disclosure [Line Items]
Unfunded liability	73,000	71,000
Employer contributions	$ 6,000	6,000
Conditional age-1 for availing plan	55 years
Conditional age-2 for availing plan	65 years
Conditional years of service -1 for availing plan	10 years
Conditional years of service-2 for availing plan	5 years
Gain on curtailment of post-retirement benefit plan	$ 352,000	352,000
Expected employer contribution	0
PRB Plan | Unfunded
Defined Contribution Plan Disclosure [Line Items]
Accumulated benefit obligation	$ 73,000	$ 71,000

Employee Benefit Plans - Summar

Employee Benefit Plans - Summary of Pension Plan's Assets By Asset Type (Detail) - Defined Benefit Pension Plan - USD ($) $ in Thousands	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Defined Benefit Plan Plan Assets Category [Line Items]
Fair value of plan assets	$ 1,296	$ 1,116	$ 2,465
Fair value of plan assets allocation, percentage	100.00%	100.00%
Mutual Funds - Equity
Defined Benefit Plan Plan Assets Category [Line Items]
Fair value of plan assets	$ 794	$ 658
Fair value of plan assets allocation, percentage	61.00%	59.00%
Mutual Funds - Fixed Income
Defined Benefit Plan Plan Assets Category [Line Items]
Fair value of plan assets	$ 500	$ 458
Fair value of plan assets allocation, percentage	39.00%	41.00%
Cash and Cash Equivalents
Defined Benefit Plan Plan Assets Category [Line Items]
Fair value of plan assets	$ 2
Fair value of plan assets allocation, percentage	0.00%	0.00%

Employee Benefit Plans - Change

Employee Benefit Plans - Changes in Accumulated Benefit Obligation and Fair Value of Qualified Trust Assets (Pension Plan only) and Statement of Funded (Unfunded) Status for Pension Plan and PRB Plan (Detail) - USD ($)	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Pension Plan
Change in benefit obligation
Benefit obligation, beginning of year	$ 1,599,000	$ 3,273,000
Interest cost	72,000	94,000
Actuarial loss (gain)	576,000	(694,000)
Benefit payments	(213,000)	(1,295,000)
Settlement (gain) loss	(10,000)	221,000
Benefit obligation, end of year	2,024,000	1,599,000
Change in plan assets
Fair value of plan assets, beginning of year	1,116,000	2,465,000
Actual return (loss) on plan assets	207,000	(54,000)
Employer contributions	186,000	0
Benefits payments	(213,000)	(1,295,000)
Fair value of plan assets, end of year	1,296,000	1,116,000
Unfunded status, end of year	(728,000)	(483,000)
PRB Plan
Change in benefit obligation
Benefit obligation, beginning of year	71,000	457,000
Service cost		3,000
Interest cost	3,000	5,000
Actuarial loss (gain)	5,000	(36,000)
Benefit payments	(6,000)	(6,000)
Curtailment/termination gain		(352,000)
Benefit obligation, end of year	73,000	71,000
Change in plan assets
Employer contributions	6,000	6,000
Benefits payments	(6,000)	(6,000)
Unfunded status, end of year	$ (73,000)	$ (71,000)

Employee Benefit Plans - Amount

Employee Benefit Plans - Amounts Recognized in Accumulated Other Comprehensive Loss (Income) (Detail) - USD ($) $ in Thousands	Dec. 31, 2019	Dec. 31, 2018
Pension Plan
Defined Benefit Plans and Other Postretirement Benefit Plans [Line Items]
Net loss (gain)	$ 767	$ 447
Prior service cost	0	0
Net obligation at transition	0	0
Amount recognized	767	447
PRB Plan
Defined Benefit Plans and Other Postretirement Benefit Plans [Line Items]
Net loss (gain)	(321)	(354)
Prior service cost	0	0
Net obligation at transition	0	0
Amount recognized	$ (321)	$ (354)

Employee Benefit Plans - Compon

Employee Benefit Plans - Components of Net Periodic Benefit Cost (Gain) (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Defined Benefit Plans and Other Postretirement Benefit Plans [Line Items]
Curtailment/termination gain		$ (352)
Pension Plan
Defined Benefit Plans and Other Postretirement Benefit Plans [Line Items]
Interest cost	$ 72	94
Expected return on plan assets	(72)	(153)
Recognized net loss due to settlement	66	422
Recognized net actuarial loss	45	51
Net periodic benefit cost (gain)	111	414
PRB Plan
Defined Benefit Plans and Other Postretirement Benefit Plans [Line Items]
Service cost		3
Interest cost	3	5
Amortization of net obligation at transition	(28)	(26)
Curtailment/termination gain	(352)	(352)
Net periodic benefit cost (gain)	$ (25)	$ (370)

Employee Benefit Plans - Other

Employee Benefit Plans - Other Changes in Plan Assets and Benefit Obligations Recognized in Accumulated Other Comprehensive (Income) Loss (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Pension Plan
Defined Benefit Plans and Other Postretirement Benefit Plans [Line Items]
Net loss (gain)	$ 320	$ (739)
Amortization of prior service cost	0	0
Amortization of net obligation at transition	0	0
Total recognized in other comprehensive loss (income)	320	(739)
Total recognized in net periodic benefit cost and other comprehensive loss (income)	431	(325)
PRB Plan
Defined Benefit Plans and Other Postretirement Benefit Plans [Line Items]
Net loss (gain)	33	(10)
Amortization of prior service cost	0	0
Amortization of net obligation at transition	0	0
Total recognized in other comprehensive loss (income)	33	(10)
Total recognized in net periodic benefit cost and other comprehensive loss (income)	$ 8	$ (380)

Employee Benefit Plans - Schedu

Employee Benefit Plans - Schedule of Actuarial Assumptions (Detail)	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Pension Plan
Defined Benefit Plans and Other Postretirement Benefit Plans [Line Items]
Discount rate used for net periodic pension cost	4.25%	3.50%
Discount rate used for disclosure	3.25%	4.25%
Expected return on plan assets	7.25%	7.25%
Rate of compensation increase	0.00%	0.00%
Rate of compensation increase for net periodic pension cost	0.00%	0.00%
Expected future interest crediting rate	3.00%	3.00%
PRB Plan
Defined Benefit Plans and Other Postretirement Benefit Plans [Line Items]
Discount rate used for net periodic pension cost	4.25%	4.25%
Discount rate used for disclosure	3.25%	4.25%
Expected return on plan assets	0.00%	0.00%
Rate of compensation increase	0.00%	0.00%
Rate of compensation increase for net periodic pension cost	0.00%	0.00%
Expected future interest crediting rate	0.00%	0.00%

Employee Benefit Plans - Estima

Employee Benefit Plans - Estimated Future Benefit Payments for Pension Plan and PRB Plan (Detail) $ in Thousands	Dec. 31, 2019USD ($)
Pension Plan
Defined Benefit Plans and Other Postretirement Benefit Plans [Line Items]
2020	$ 289
2021	108
2022	35
2023	238
2024	112
2025 - 2029	624
PRB Plan
Defined Benefit Plans and Other Postretirement Benefit Plans [Line Items]
2020	7
2021	7
2022	7
2023	7
2024	6
2025 - 2029	$ 26

Off-Balance Sheet Commitments_2

Off-Balance Sheet Commitments and Contingencies - Additional Information (Detail) $ in Thousands	12 Months Ended
	Dec. 31, 2019USD ($)	Dec. 31, 2018USD ($)
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Reserves for unfunded commitments	$ 85	$ 97
Number of equity investments in housing funds	3	3
Other assets	$ 5,847	$ 5,927
Investments and related tax benefits expected year	2030
Additional capital calls expected for investment funded	$ 275
Investment
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Other assets	1,200	1,300
Loan Purchase Commitments
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Outstanding loan commitment under financial instrument off balance sheet risk	170,900	160,500
Unused lines of Credit | Performance Stand-by Letter of Credit
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Outstanding loan commitment under financial instrument off balance sheet risk	6,100	2,800
Unused lines of Credit | Financial Stand-by Letter of Credit
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Outstanding loan commitment under financial instrument off balance sheet risk	$ 77	$ 40

Leases - Additional Information

Leases - Additional Information (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Jun. 30, 2019	Mar. 31, 2019
Lessee Lease Description [Line Items]
Operating lease, ROU asset	$ 4,285
Operating lease liability	4,598
Operating lease expense	910
Lease expense under ASC 840		$ 577
Richmond, Virginia
Lessee Lease Description [Line Items]
Operating lease, ROU asset				$ 826
Operating lease liability				$ 826
Henrico County, Virginia
Lessee Lease Description [Line Items]
Operating lease, ROU asset			$ 478
Operating lease liability			$ 473
Middlesex County, Virginia
Lessee Lease Description [Line Items]
Operating lease, ROU asset	253
Operating lease liability	$ 253

Leases - Schedule of ROU Asset

Leases - Schedule of ROU Asset and Lease Liabilities (Detail) $ in Thousands	Dec. 31, 2019USD ($)
Leases [Abstract]
Operating lease right-of-use assets	$ 4,285
Operating lease liabilities	$ 4,598

Leases - Schedule Weighted Aver

Leases - Schedule Weighted Average Remaining Lease Term and Discount Rate Associated with Operating Leases (Detail)	Dec. 31, 2019
Leases [Abstract]
Weighted average remaining lease term	9 years
Weighted average discount rate	3.10%

Leases - Maturity Analysis of O

Leases - Maturity Analysis of Operating Lease Liabilities (Detail) $ in Thousands	Dec. 31, 2019USD ($)
Leases [Abstract]
2020	$ 961
2021	995
2022	619
2023	370
2024	380
Thereafter	1,908
Total	5,233
Less interest	(635)
Operating lease liability	$ 4,598

Leases - Supplemental Cash Flow

Leases - Supplemental Cash Flow Information Related to Operating Leases (Detail) $ in Thousands	12 Months Ended
	Dec. 31, 2019USD ($)
Cash paid for amount included in the measurement of lease liabilities:
Operating cash outflows from operating leases	$ 990
Right-of-use assets obtained in exchange for new operating lease liabilities	$ 1,557

Leases - Schedule of Future Min

Leases - Schedule of Future Minimum Lease Payments Required Under Long-Term Non-Cancelable Lease Agreements Under ASC 840 (Detail) $ in Thousands	Dec. 31, 2018USD ($)
Leases [Abstract]
2019	$ 748
2020	696
2021	751
2022	590
2023	351
Thereafter	2,053
Total future minimum lease payments	$ 5,189

Share-based Compensation - Addi

Share-based Compensation - Additional Information (Detail) - USD ($) $ / shares in Units, $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Share Based Compensation Arrangement by Share Based Payment Award [Line Items]
Stock-based compensation expense	$ 396	$ 102
Options granted	49,500	17,500
Options vested	49,500	17,500
Share based compensation, restricted stock granted, value	$ 148	$ 125
Vested Over One to Three Years | Minimum
Share Based Compensation Arrangement by Share Based Payment Award [Line Items]
Stock vesting period		1 year
Vested Over One to Three Years | Maximum
Share Based Compensation Arrangement by Share Based Payment Award [Line Items]
Stock vesting period		3 years
Grant One | Minimum
Share Based Compensation Arrangement by Share Based Payment Award [Line Items]
Fair value of options granted during the period, per option share	$ 1.49	$ 1.78
Grant Two | Maximum
Share Based Compensation Arrangement by Share Based Payment Award [Line Items]
Fair value of options granted during the period, per option share	$ 1.64	$ 2.09
Restricted Stock
Share Based Compensation Arrangement by Share Based Payment Award [Line Items]
Share based compensation, restricted stock granted, value	$ 617	$ 593
Unrecognized stock based compensation expense	$ 620
2013 Plan
Share Based Compensation Arrangement by Share Based Payment Award [Line Items]
Number of shares authorized for grant	385,000
Shares available for grant	113,280
Stock-based compensation expense	$ 396	$ 102
LTIP
Share Based Compensation Arrangement by Share Based Payment Award [Line Items]
Share based compensation, description	Shares of restricted stock awarded in 2019 were pursuant to the Company’s long-term incentive plan (“LTIP”), which covers certain officers of the Company. One-half of the LTIP restricted shares vest on a straight-line basis over a three-year period (“LTIP Time-based Shares”), while the other one-half vests at the end of a three-year period contingent on the Company’s achievement of financial goals (“LTIP Performance-based Shares”).
LTIP | Performance-based Shares
Share Based Compensation Arrangement by Share Based Payment Award [Line Items]
Stock vesting period	3 years
LTIP | Time-based Shares
Share Based Compensation Arrangement by Share Based Payment Award [Line Items]
Stock vesting period	3 years

Share-based Compensation - Fair

Share-based Compensation - Fair Value of Stock Options (Detail)	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]
Risk free interest rate (5-year U.S. Treasury)	2.03%	2.73%
Expected dividend yield	0.00%	0.00%
Expected term (years)	5 years	5 years
Expected volatility minimum	15.70%	12.50%
Expected volatility maximum	17.70%	15.70%

Share-based Compensation - Fa_2

Share-based Compensation - Fair Value of Stock Options (Parenthetical) (Detail)	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]
Stock price volatility, risk free interest period	5 years	5 years

Share-based Compensation - Summ

Share-based Compensation - Summary of Stock Option Activity (Detail) - USD ($)		12 Months Ended
		Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]
Options outstanding, beginning		226,771	251,026
Options exercisable, beginning			251,026
Granted, shares		49,500	17,500
Forfeited, shares		(32,276)	(6,805)
Exercised, shares		(15,578)	(25,491)
Expired, shares		(5,761)	(9,459)
Options outstanding, ending		222,656	226,771	251,026
Options exercisable, ending		214,329		251,026
Options outstanding, ending, Weighted Average Exercise Price		$ 7.56	$ 7.43
Options exercisable, ending, Weighted Average Exercise Price			7.43
Granted, Weighted Average Exercise Price		8.11	9.97
Forfeited, Weighted Average Exercise Price		9.15	10.37
Exercised, Weighted Average Exercise Price		5.83	5.84
Expired, Weighted Average Exercise Price		7.61	11.20
Options outstanding, ending, Weighted Average Exercise Price		7.58	$ 7.56	$ 7.43
Options exercisable, ending, Weighted Average Exercise Price		$ 7.49		$ 7.43
Options outstanding, ending, Weighted Average Remaining Contractual Life		6 years 4 months 28 days	6 years 5 months 4 days	6 years 8 months 23 days
Options exercisable, ending, Weighted Average Remaining Contractual Life				6 years 8 months 23 days
Options outstanding, ending, Aggregate Intrinsic Value	[1]	$ 342,650	$ 223,478	$ 753,229
Options exercisable, ending, Aggregate Intrinsic Value	[1]			$ 753,229
[1]	The aggregate intrinsic value of a stock option in the table above represents the total pre-tax intrinsic value (the amount by which the current market value of the underlying stock exceeds the exercise price of the option) that would have been received by the option holders had all option holders exercised their options as of the respective years ended. This amount changes based on changes in the market value of the Company’s common stock.

Share-based Compensation - Su_2

Share-based Compensation - Summary of Restricted Stock Activity (Detail) - Restricted Stock - $ / shares	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Share Based Compensation Arrangement by Share Based Payment Award [Line Items]
Restricted stock nonvested, beginning	56,058	10,500
Granted, shares	75,493	60,856
Vested, shares	(12,430)	(3,000)
Forfeited, shares	(13,915)	(12,298)
Restricted stock nonvested, ending	105,206	56,058
Restricted stock nonvested, beginning, Weighted Average Fair Value	$ 9.73	$ 8.44
Granted, Weighted Average Fair Value	8.17	9.75
Vested, Weighted Average Fair Value	9.61	9.15
Forfeited, Weighted Average Fair Value	8.31	8.93
Restricted stock nonvested, ending, Weighted Average Fair Value	$ 8.81	$ 9.73

Earnings Per Share - Additional

Earnings Per Share - Additional Information (Detail) - shares	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Options
Computation Of Earnings Per Share Line Items
Shares not included in computation of diluted earnings per share because effects were anti-dilutive	121,547	86,284
Employee Stock Ownership Plan (ESOP), Plan
Computation Of Earnings Per Share Line Items
Shares not included in computation of diluted earnings per share because effects were anti-dilutive	200,048	154,410

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	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Earnings Per Share, Diluted, by Common Class, Including Two Class Method [Line Items]
Net income	$ 7,058	$ 3,878
Weighted average shares outstanding, basic	13,053,080	13,057,537
Dilutive shares:
Weighted average shares outstanding, dilutive	13,111,853	13,122,136
Basic and diluted earnings per share	$ 0.54	$ 0.30
Stock Option
Dilutive shares:
Effect of dilutive securities	33,334	57,044
Restricted Shares
Dilutive shares:
Effect of dilutive securities	25,439	7,555

Share Repurchase Program - Addi

Share Repurchase Program - Additional Information (Detail) - $ / shares	3 Months Ended
	Dec. 31, 2019	Oct. 18, 2019
Equity Class Of Treasury Stock [Line Items]
Stock repurchase program, shares authorized to be repurchased percentage of outstanding common stock		3.00%
Stock repurchased common shares	72,705
Stock repurchased, weighted average price per share	$ 7.98
ESOP
Equity Class Of Treasury Stock [Line Items]
Stock repurchased common shares	54,405
Open Market Transaction
Equity Class Of Treasury Stock [Line Items]
Stock repurchased common shares	18,300
Maximum
Equity Class Of Treasury Stock [Line Items]
Stock repurchase program, shares authorized to be repurchased		400,000

Regulatory Requirements - Addit

Regulatory Requirements - Additional Information (Detail) - USD ($) $ in Billions	Jan. 01, 2019	Jan. 01, 2016	Jan. 01, 2015	Dec. 31, 2019
Compliance With Regulatory Capital Requirements Under Banking Regulations [Line Items]
Tier 1 Capital (to Risk Weighted Assets), Minimum Capital Requirement Ratio	8.50%		6.00%
Total Risk Based Capital (to Risk Weighted Assets), Minimum Capital Requirement Ratio	10.50%		8.00%
Leverage Ratio (Total Assets), Minimum Capital Requirement Ratio	4.00%		4.00%
Initial Capital Requirement Phase-In Period			4 years
New Capital Conservation Buffer Requirement (to Risk Weighted Assets), Ratio	2.50%	0.625%
Common Stock
Compliance With Regulatory Capital Requirements Under Banking Regulations [Line Items]
Tier 1 Capital (to Risk Weighted Assets), Minimum Capital Requirement Ratio	7.00%		4.50%
Maximum
Compliance With Regulatory Capital Requirements Under Banking Regulations [Line Items]
Consolidated assets threshold limit not to consolidated regulatory capital requirements				$ 3

Regulatory Requirements - Sched

Regulatory Requirements - Schedule of Bank's Actual Capital Amounts and Ratios, and Minimum Capital Requirement Amounts and Ratios Per Regulatory Capital Framework (Detail) - USD ($) $ in Thousands	Dec. 31, 2019	Jan. 01, 2019	Dec. 31, 2018	Jan. 01, 2015
Compliance With Regulatory Capital Requirements Under Banking Regulations [Line Items]
Total Risk Based Capital, Minimum Capital Requirement Ratio		10.50%		8.00%
Tier 1 Capital, Minimum Capital Requirement Ratio		8.50%		6.00%
Tier 1 Leverage Ratio, Minimum Capital Requirement Ratio		4.00%		4.00%
Common Stock
Compliance With Regulatory Capital Requirements Under Banking Regulations [Line Items]
Tier 1 Capital, Minimum Capital Requirement Ratio		7.00%		4.50%
Consolidated Entities
Compliance With Regulatory Capital Requirements Under Banking Regulations [Line Items]
Total Risk Based Capital, Actual Amount	$ 153,766		$ 122,177
Total Risk Based Capital, Actual Ratio	16.23%		13.41%
Total Risk Based Capital, Minimum Capital Requirement Amount	$ 99,494		$ 89,979
Total Risk Based Capital, Minimum Capital Requirement Ratio	10.50%		9.875%
Tier 1 Capital, Actual Amount	$ 115,118		$ 107,286
Tier 1 Capital, Actual Ratio	12.15%		11.77%
Tier 1 Capital, Minimum Capital Requirement Amount	$ 80,543		$ 71,756
Tier 1 Capital, Minimum Capital Requirement Ratio	8.50%		7.875%
Tier 1 Leverage Ratio, Actual Amount	$ 115,118		$ 107,286
Tier 1 Leverage Ratio, Actual Ratio	10.33%		10.28%
Tier 1 Leverage Ratio, Minimum Capital Requirement Amount	$ 44,597		$ 41,735
Tier 1 Leverage Ratio, Minimum Capital Requirement Ratio	4.00%		4.00%
Consolidated Entities | Common Stock
Compliance With Regulatory Capital Requirements Under Banking Regulations [Line Items]
Total Risk Based Capital, Actual Amount	$ 115,118		$ 107,286
Total Risk Based Capital, Actual Ratio	12.15%		11.77%
Total Risk Based Capital, Minimum Capital Requirement Amount	$ 66,329		$ 58,088
Total Risk Based Capital, Minimum Capital Requirement Ratio	7.00%		6.375%
Virginia Commonwealth Bank
Compliance With Regulatory Capital Requirements Under Banking Regulations [Line Items]
Total Risk Based Capital, Actual Amount	$ 123,346		$ 106,077
Total Risk Based Capital, Actual Ratio	13.07%		11.68%
Total Risk Based Capital, Minimum Capital Requirement Amount	$ 99,068		$ 89,691
Total Risk Based Capital, Minimum Capital Requirement Ratio	10.50%		9.875%
Total Risk Based Capital, Minimum To Be Well Capitalized Amount	$ 94,350		$ 90,826
Total Risk Based Capital, Minimum To Be Well Capitalized Ratio	10.00%		10.00%
Tier 1 Capital, Actual Amount	$ 115,699		$ 98,078
Tier 1 Capital, Actual Ratio	12.26%		10.80%
Tier 1 Capital, Minimum Capital Requirement Amount	$ 80,198		$ 71,526
Tier 1 Capital, Minimum Capital Requirement Ratio	8.50%		7.875%
Tier 1 Capital, Minimum To Be Well Capitalized Amount	$ 75,480		$ 72,661
Tier 1 Capital, Minimum To Be Well Capitalized Ratio	8.00%		8.00%
Tier 1 Leverage Ratio, Actual Amount	$ 115,699		$ 98,078
Tier 1 Leverage Ratio, Actual Ratio	10.42%		9.42%
Tier 1 Leverage Ratio, Minimum Capital Requirement Amount	$ 44,430		$ 41,631
Tier 1 Leverage Ratio, Minimum Capital Requirement Ratio	4.00%		4.00%
Tier 1 Leverage Ratio, Minimum To Be Well Capitalized Amount	$ 55,537		$ 52,039
Tier 1 Leverage Ratio, Minimum To Be Well Capitalized Ratio	5.00%		5.00%
Virginia Commonwealth Bank | Common Stock
Compliance With Regulatory Capital Requirements Under Banking Regulations [Line Items]
Total Risk Based Capital, Actual Amount	$ 115,699		$ 98,078
Total Risk Based Capital, Actual Ratio	12.26%		10.80%
Total Risk Based Capital, Minimum Capital Requirement Amount	$ 66,045		$ 57,902
Total Risk Based Capital, Minimum Capital Requirement Ratio	7.00%		6.375%
Total Risk Based Capital, Minimum To Be Well Capitalized Amount	$ 61,328		$ 59,037
Total Risk Based Capital, Minimum To Be Well Capitalized Ratio	6.50%		6.50%

Accumulated Other Comprehensi_3

Accumulated Other Comprehensive Income (Loss), net - Components of Accumulated Other Comprehensive Income (Loss), Net (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Accumulated Other Comprehensive Income (Loss) [Line Items]
Balance at beginning of period	$ 117,476	$ 114,554
Change in net unrealized holding losses on available-for-sale securities, net of tax expense (benefit)	1,689	(763)
Balance at end of period	126,185	117,476
Net Unrealized Gains (Losses) on Available-for-sale Securities
Accumulated Other Comprehensive Income (Loss) [Line Items]
Balance at beginning of period	(1,252)	(489)
Change in net unrealized holding losses on available-for-sale securities, net of tax expense (benefit)	1,688	(763)
Reclassification for previously unrealized net gains recognized in income, net of tax benefit	1
Balance at end of period	437	(1,252)
Pension and Post-retirement Benefit Plans
Accumulated Other Comprehensive Income (Loss) [Line Items]
Balance at beginning of period	(75)	(667)
Net gain (loss) on pension and post-retirement benefit plans, net of tax expense (benefit)	(279)	592
Balance at end of period	(354)	(75)
Accumulated Other Comprehensive Income (Loss), net
Accumulated Other Comprehensive Income (Loss) [Line Items]
Balance at beginning of period	(1,327)	(1,156)
Change in net unrealized holding losses on available-for-sale securities, net of tax expense (benefit)	1,688	(763)
Reclassification for previously unrealized net gains recognized in income, net of tax benefit	1
Net gain (loss) on pension and post-retirement benefit plans, net of tax expense (benefit)	(279)	592
Balance at end of period	$ 83	$ (1,327)

Accumulated Other Comprehensi_4

Accumulated Other Comprehensive Income (Loss), net - Components of Accumulated Other Comprehensive Income (Loss), Net (Parenthetical) (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Net Unrealized Gains (Losses) on Available-for-sale Securities
Accumulated Other Comprehensive Income (Loss) [Line Items]
Change in net unrealized holding losses on available-for-sale securities, tax expense (benefit)	$ 449	$ (203)
Reclassification for previously unrealized net gains recognized in income, tax benefit	0
Pension and Post-retirement Benefit Plans
Accumulated Other Comprehensive Income (Loss) [Line Items]
Net gain pension and postretirement plans, tax (expense) benefit	$ 74	$ (157)

Related Parties - Additional In

Related Parties - Additional Information (Detail) - USD ($) $ in Thousands	Dec. 31, 2019	Dec. 31, 2018
Related Party Transaction [Line Items]
Unfunded commitments to extend credit and related interest	$ 1,500	$ 500
Aggregate amount of deposit accounts of related parties	4,400	3,900
Securities sold under repurchase agreements	6,525	6,089
Amount owed to related parties	240
Key Employees
Related Party Transaction [Line Items]
Loans and leases receivable, related parties	3,999	4,586
Related Parties
Related Party Transaction [Line Items]
Securities sold under repurchase agreements	2,500	$ 1,800
Debt instrument, face amount	$ 235

Related Parties - Summary of Am

Related Parties - Summary of Amount of Loans to and Repayments on Loans to Related Parties (Detail) - Key Employees $ in Thousands	12 Months Ended
	Dec. 31, 2019USD ($)
Related Party Transaction [Line Items]
Balance, January 1, 2019	$ 4,586
New loans and extensions to existing loans	425
Repayments and other reductions	(1,012)
Balance, December 31, 2019	$ 3,999

Fair Value - Additional Informa

Fair Value - Additional Information (Detail) $ in Thousands	12 Months Ended
	Dec. 31, 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	187.00%	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 loan portfolio	2
Corporate Bonds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Transfers from level 2 to level 3	$ 2,044
Transfer from level 3 to level 2	$ 3,089

Fair Value - Schedule of Balanc

Fair Value - Schedule of Balances of Financial Assets and Liabilities Measured at Fair Value on Recurring Basis (Detail) - USD ($) $ in Thousands	Dec. 31, 2019	Dec. 31, 2018
Available-for-sale securities:
Available-for-sale securities	$ 99,454	$ 82,232
Mortgage servicing rights	935	977
US Government Agencies and Mortgage Backed Securities
Available-for-sale securities:
Available-for-sale securities	67,597	49,882
State and Municipal Obligations
Available-for-sale securities:
Available-for-sale securities	16,576	20,217
Corporate Bonds
Available-for-sale securities:
Available-for-sale securities	15,281	12,133
Fair Value, Measurements, Recurring
Available-for-sale securities:
Available-for-sale securities	99,454	82,232
Mortgage servicing rights	935	977
Rabbi trust assets	1,082	972
Fair Value, Measurements, Recurring | Fair Value, Inputs, Level 1
Available-for-sale securities:
Available-for-sale securities	9,024
Rabbi trust assets	1,082	972
Fair Value, Measurements, Recurring | Fair Value, Inputs, Level 2
Available-for-sale securities:
Available-for-sale securities	87,780	78,561
Fair Value, Measurements, Recurring | Fair Value, Inputs, Level 3
Available-for-sale securities:
Available-for-sale securities	2,650	3,671
Mortgage servicing rights	935	977
Fair Value, Measurements, Recurring | US Government Agencies and Mortgage Backed Securities
Available-for-sale securities:
Available-for-sale securities	67,597	49,882
Fair Value, Measurements, Recurring | US Government Agencies and Mortgage Backed Securities | Fair Value, Inputs, Level 1
Available-for-sale securities:
Available-for-sale securities	7,024
Fair Value, Measurements, Recurring | US Government Agencies and Mortgage Backed Securities | Fair Value, Inputs, Level 2
Available-for-sale securities:
Available-for-sale securities	60,573	49,882
Fair Value, Measurements, Recurring | State and Municipal Obligations
Available-for-sale securities:
Available-for-sale securities	16,576	20,217
Fair Value, Measurements, Recurring | State and Municipal Obligations | Fair Value, Inputs, Level 2
Available-for-sale securities:
Available-for-sale securities	16,576	20,217
Fair Value, Measurements, Recurring | Corporate Bonds
Available-for-sale securities:
Available-for-sale securities	15,281	12,133
Fair Value, Measurements, Recurring | Corporate Bonds | Fair Value, Inputs, Level 1
Available-for-sale securities:
Available-for-sale securities	2,000
Fair Value, Measurements, Recurring | Corporate Bonds | Fair Value, Inputs, Level 2
Available-for-sale securities:
Available-for-sale securities	10,631	8,462
Fair Value, Measurements, Recurring | Corporate Bonds | Fair Value, Inputs, Level 3
Available-for-sale securities:
Available-for-sale securities	$ 2,650	$ 3,671

Fair Value - Reconciliation of

Fair Value - Reconciliation of Items Using Level Three Inputs (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Mortgage Servicing Rights
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Balance, January 1, 2019	$ 977	$ 999
Impairments		0
Fair value adjustments	(42)	(22)
Balance, December 31, 2019	935	977
Corporate Bonds
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Balance, January 1, 2019	3,671	1,500
Purchases		1,421
Transfers from Level 2 to Level 3	2,044
Transfers from Level 3 to Level 2	(3,089)
Impairments		0
Fair value adjustments	24	750
Balance, December 31, 2019	$ 2,650	$ 3,671

Fair Value - Summary of Assets

Fair Value - Summary of Assets Measured at Fair Value on Nonrecurring Basis (Detail) - USD ($) $ in Thousands	Dec. 31, 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	$ 4,084	$ 4,700
Other real estate owned, net	1,916	3,597
Fair Value, Measurements, Nonrecurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Impaired loans, net	4,084	4,700
Other real estate owned, net	1,916	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	4,084	4,700
Other real estate owned, net	$ 1,916	$ 3,597

Fair Value - Summary of Quantit

Fair Value - Summary of Quantitative Fair Value Measurements for Level 3 (Detail) - Fair Value, Inputs, Level 3 $ in Thousands	Dec. 31, 2019USD ($)	Dec. 31, 2018USD ($)
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis Valuation Techniques [Line Items]
Impaired loans, net	$ 4,084	$ 4,700
Other real estate owned, net	$ 1,916	$ 3,597
Minimum | 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	13	13
Minimum | Impaired Loans | 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	5
Minimum | Other Real Estate Owned | 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	6	5
Minimum | Other Real Estate Owned | 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	18	9
Maximum | 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	100
Maximum | Impaired Loans | 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
Maximum | Other Real Estate Owned | 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	10	19
Maximum | Other Real Estate Owned | 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
Weighted Average | Impaired Loans | 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	7
Weighted Average | 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	24	25
Weighted Average | Impaired Loans | 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
Weighted Average | Other Real Estate Owned | 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
Weighted Average | Other Real Estate Owned | 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	47	28

Fair Value - Summary of Asset_2

Fair Value - Summary of Assets and Liabilities at Carrying Value and Estimated Fair Value on a Nonrecurring Basis (Detail) - USD ($) $ in Thousands	Dec. 31, 2019	Dec. 31, 2018
Financial Assets:
Cash and due from banks	$ 6,096	$ 7,685
Federal funds sold	1,359	625
Certificates of deposit	2,754	3,746
Restricted securities	5,706	7,600
Loans receivable, net	916,628	894,191
Loans held for sale	1,231	368
Accrued interest receivable	3,035	3,172
Financial Liabilities:
Noninterest-bearing liabilities	137,933	114,122
Savings and other interest-bearing deposits	382,607	359,400
Time deposits	389,900	368,670
Securities sold under repurchase agreements	6,525	6,089
FHLB advances	45,000	100,000
Subordinated notes, net	31,001	6,893
Fair Value, Inputs, Level 1
Financial Assets:
Cash and due from banks	6,096	7,685
Interest-earning deposits	34,358	18,981
Federal funds sold	1,359	625
Financial Liabilities:
Noninterest-bearing liabilities	137,933	114,122
Savings and other interest-bearing deposits	382,607	359,400
Securities sold under repurchase agreements	6,525	6,089
Fair Value, Inputs, Level 2
Financial Assets:
Certificates of deposit	2,754	3,746
Loans held for sale	1,231	368
Accrued interest receivable	3,035	3,172
Financial Liabilities:
FHLB advances	44,936	99,727
Fair Value, Inputs, Level 3
Financial Assets:
Restricted securities	5,706	7,600
Loans receivable, net	910,678	877,114
Financial Liabilities:
Time deposits	392,562	369,347
Subordinated notes, net	32,552	7,046
Carrying Value
Financial Assets:
Cash and due from banks	6,096	7,685
Interest-earning deposits	34,358	18,981
Federal funds sold	1,359	625
Certificates of deposit	2,754	3,746
Restricted securities	5,706	7,600
Loans receivable, net	916,628	894,191
Loans held for sale	1,231	368
Accrued interest receivable	3,035	3,172
Financial Liabilities:
Noninterest-bearing liabilities	137,933	114,122
Savings and other interest-bearing deposits	382,607	359,400
Time deposits	389,900	368,670
Securities sold under repurchase agreements	6,525	6,089
FHLB advances	45,000	100,000
Subordinated notes, net	31,001	6,893
Fair Value
Financial Assets:
Cash and due from banks	6,096	7,685
Interest-earning deposits	34,358	18,981
Federal funds sold	1,359	625
Certificates of deposit	2,754	3,746
Restricted securities	5,706	7,600
Loans receivable, net	910,678	877,114
Loans held for sale	1,231	368
Accrued interest receivable	3,035	3,172
Financial Liabilities:
Noninterest-bearing liabilities	137,933	114,122
Savings and other interest-bearing deposits	382,607	359,400
Time deposits	392,562	369,347
Securities sold under repurchase agreements	6,525	6,089
FHLB advances	44,936	99,727
Subordinated notes, net	$ 32,552	$ 7,046

Parent Company Financial Stat_3

Parent Company Financial Statements - Condensed Balance Sheets (Detail) - USD ($) $ in Thousands	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
ASSETS
Cash and due from non-affiliated banks	$ 6,096	$ 7,685
Certificates of deposit	2,754	3,746
Other assets	5,847	5,927
Total assets	1,131,923	1,080,617
LIABILITIES AND SHAREHOLDERS' EQUITY
Subordinated notes, net of unamortized issuance costs	31,001	6,893
Deferred compensation plan	1,100	972
Other liabilities	12,772	7,967
Total liabilities	1,005,738	963,141
Total shareholders’ equity	126,185	117,476	$ 114,554
Total liabilities and shareholders’ equity	1,131,923	1,080,617
Parent Company
ASSETS
Cash and due from non-affiliated banks	30,213	15,631
Interest-earning deposits	309	155
Certificates of deposit	770	770
Investments in subsidiaries	127,956	109,747
Other assets	1,411	2,225
Total assets	160,659	128,528
LIABILITIES AND SHAREHOLDERS' EQUITY
Subordinated notes, net of unamortized issuance costs	31,001	6,893
Deferred compensation plan	1,082	972
Other borrowings	1,525	1,734
Other liabilities	866	1,453
Total liabilities	34,474	11,052
Total shareholders’ equity	126,185	117,476
Total liabilities and shareholders’ equity	$ 160,659	$ 128,528

Parent Company Financial Stat_4

Parent Company Financial Statements - Condensed Statements of Operations (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Condensed Financial Statements Captions [Line Items]
Interest income	$ 50,418	$ 43,803
Interest expense	15,085	10,225
Net interest income	35,333	33,578
Net losses on disposition of other assets	(3)	(7)
Other income	80	165
Total noninterest income	4,958	4,303
Noninterest expense	30,402	32,119
Income tax benefit	1,649	533
Net income	7,058	3,878
Parent Company
Condensed Financial Statements Captions [Line Items]
Interest income	12
Interest expense	911	512
Net interest income	(899)	(512)
Net losses on disposition of other assets		(73)
Other income	192	529
Total noninterest income	192	456
Noninterest expense	1,437	1,659
Loss before income taxes and equity in undistributed earnings of subsidiaries	(2,144)	(1,715)
Income tax benefit	(450)	(212)
Loss before equity in undistributed earnings of subsidiaries	(1,694)	(1,503)
Equity in undistributed earnings of subsidiaries	8,752	5,381
Net income	$ 7,058	$ 3,878

Parent Company Financial Stat_5

Parent Company Financial Statements - Condensed Statements of Cash Flows (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Cash Flows from Operating Activities:
Net income	$ 7,058	$ 3,878
Adjustments to reconcile net income to net cash used in operating activities:
Amortization of subordinated notes issuance costs	40	16
Share-based compensation expense	396	102
(Decrease) increase in other liabilities	4,658	810
Net cash provided by operating activities	10,742	7,480
Cash Flows from Investing Activities:
Purchases of certificates of deposit	992	(522)
Net cash used in investing activities	(34,093)	(138,897)
Cash Flows from Financing Activities:
Stock options exercised, net	11	149
Purchases of common stock	(580)	(556)
Issuance of subordinated notes, net of issuance costs	24,068
Net cash provided by financing activities	37,139	106,716
Net increase (decrease) in cash and cash equivalents (including interest-earning deposits)	13,788	(24,701)
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	40,454	26,666
Parent Company
Cash Flows from Operating Activities:
Net income	7,058	3,878
Adjustments to reconcile net income to net cash used in operating activities:
Amortization of subordinated notes issuance costs	40	16
Share-based compensation expense	396	102
Equity in undistributed earnings of subsidiaries	(8,752)	(5,381)
Decrease (increase) in other assets	961	(98)
(Decrease) increase in other liabilities	(466)	1,362
Net cash provided by operating activities	(763)	(121)
Cash Flows from Investing Activities:
Purchases of certificates of deposit		(770)
Investment in subsidiaries	(8,000)	(8,000)
Net cash used in investing activities	(8,000)	(8,770)
Cash Flows from Financing Activities:
Stock options exercised, net	11	149
Purchases of common stock	(580)	(556)
Issuance of subordinated notes, net of issuance costs	24,068
Net cash provided by financing activities	23,499	(407)
Net increase (decrease) in cash and cash equivalents (including interest-earning deposits)	14,736	(9,298)
Cash and cash equivalents (including interest-earning deposits) at beginning of period	15,786	25,084
Cash and cash equivalents (including interest-earning deposits) at end of period	$ 30,522	$ 15,786