MVB Financial (MVBF) 10-K 10 Mar 17 2016 FY Annual report Financial data

Document and Entity Information

Document and Entity Information - USD ($)	12 Months Ended
	Dec. 31, 2016	Mar. 09, 2017	Jun. 30, 2016
Document and Entity Information [Abstract]
Entity Registrant Name	MVB FINANCIAL CORP
Entity Central Index Key	1,277,902
Current Fiscal Year End Date	--12-31
Entity Filer Category	Accelerated Filer
Document Type	10-K
Document Period End Date	Dec. 31, 2016
Document Fiscal Year Focus	2,016
Document Fiscal Period Focus	FY
Amendment Flag	false
Entity Common Stock, Shares Outstanding		9,996,544
Entity Well-known Seasoned Issuer	No
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Public Float			$ 88,431,005

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($) $ in Thousands	Dec. 31, 2016	Dec. 31, 2015
Cash and cash equivalents:
Cash and due from banks	$ 14,846	$ 14,302
Interest bearing balances with banks	2,494	14,831
Total cash and cash equivalents	17,340	29,133
Certificates of deposit with other banks	14,527	13,150
Investment Securities:
Securities available-for-sale	162,368	70,256
Securities held-to-maturity (fair value of $0 for 2016 and $54,470 for 2015)	0	52,859
Loans held for sale	90,174	102,623
Loans:	1,052,865	1,032,170
Less: Allowance for loan losses	(9,101)	(8,006)
Net Loans	1,043,764	1,024,164
Premises and equipment	25,081	26,275
Bank owned life insurance	22,970	22,332
Accrued interest receivable and other assets	24,100	25,204
Goodwill	18,480	18,480
TOTAL ASSETS	1,418,804	1,384,476
Deposits:
Noninterest bearing	115,692	80,423
Interest bearing	991,325	931,891
Total deposits	1,107,017	1,012,314
Accrued interest payable and other liabilities	16,557	13,291
Repurchase agreements	25,160	27,437
FHLB and other borrowings	90,921	183,198
Subordinated debt	33,524	33,524
Total liabilities	1,273,179	1,269,764
STOCKHOLDERS’ EQUITY
Preferred stock, par value $1,000; 20,000 authorized and 9,283 issued in 2016 and 2015, respectively (See Footnote 12)	16,334	16,334
Common stock, par value $1; 20,000,000 shares authorized; 10,047,621 and 8,112,998 issued; and 9,996,544 and 8,061,921 outstanding in 2016 and 2015, respectively	10,048	8,113
Additional paid-in capital	93,412	74,228
Retained earnings	31,192	20,054
Accumulated other comprehensive loss	(4,277)	(2,933)
Treasury Stock, 51,077 shares, at cost	(1,084)	(1,084)
Total stockholders’ equity	145,625	114,712
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY	$ 1,418,804	$ 1,384,476

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) - USD ($)	Dec. 31, 2016	Dec. 31, 2015
Statement of Financial Position [Abstract]
Securities held-to-maturity	$ 0	$ 54,470,000
Preferred stock, par value (in dollars per share)	$ 1,000	$ 1,000
Preferred stock, shares authorized	20,000	20,000
Preferred stock, shares issued	9,283	9,283
Common stock, par value (in dollars per share)	$ 1	$ 1
Common stock, shares authorized	20,000,000	20,000,000
Common stock, shares issued	10,047,621	8,112,998
Common stock, shares outstanding	9,996,544	8,061,921
Treasury stock, shares	51,077	51,077

Consolidated Statements of Inco

Consolidated Statements of Income - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
INTEREST INCOME
Interest and fees on loans	$ 50,018	$ 40,642	$ 31,949
Interest on deposits with other banks	322	274	223
Interest on investment securities - taxable	1,366	958	1,272
Interest on tax exempt loans and securities	2,417	2,226	2,724
Total interest income	54,123	44,100	36,168
INTEREST EXPENSE
Interest on deposits	7,748	6,246	5,563
Interest on repurchase agreements	72	83	291
Interest on FHLB and other borrowings	1,086	692	515
Interest on subordinated debt	2,226	2,204	1,142
Total interest expense	11,132	9,225	7,511
NET INTEREST INCOME	42,991	34,875	28,657
Provision for loan losses	3,632	2,493	2,582
Net interest income after provision for loan losses	39,359	32,382	26,075
NONINTEREST INCOME
Service charges on deposit accounts	764	646	677
Income on bank owned life insurance	638	653	588
Visa debit card and interchange income	1,185	987	778
Mortgage fee income	35,673	29,472	17,557
Gain on sale of portfolio loans	1,042	1,413	1,550
Insurance and investment services income	420	338	328
Gain on sale of securities	1,082	130	413
Gain (loss) on derivatives	1,467	675	(2)
Other operating income	934	641	133
Total noninterest income	43,205	34,955	22,022
NONINTEREST EXPENSES
Salary and employee benefits	45,225	36,073	27,774
Occupancy expense	3,686	3,390	2,704
Equipment depreciation and maintenance	2,452	2,013	1,479
Data processing and communications	4,964	4,010	2,768
Mortgage processing	3,355	3,158	2,514
Marketing, contributions and sponsorships	1,253	1,352	1,137
Professional fees	2,720	3,232	2,237
Printing, postage and supplies	767	762	709
Insurance, tax and assessment expense	1,528	1,394	1,478
Travel, entertainment, dues and subscriptions	1,725	1,579	1,299
Other operating expenses	1,534	885	1,095
Total noninterest expense	69,209	57,848	45,194
Income from continuing operations, before income taxes	13,355	9,489	2,903
Income tax expense - continuing operations	4,378	2,886	248
Net Income from continuing operations	8,977	6,603	2,655
Income (loss) from discontinued operations, before income taxes	6,346	353	(920)
Income tax expense (benefit) - discontinued operations	2,411	140	(344)
Net Income (loss) from discontinued operations	3,935	213	(576)
Net Income	12,912	6,816	2,079
Preferred dividends	1,128	575	332
Net Income available to common shareholders	$ 11,784	$ 6,241	$ 1,747
Earnings per share from continuing operations - basic (in dollars per share)	$ 0.96	$ 0.75	$ 0.29
Earnings per share from discontinued operations - basic (in dollars per share)	0.48	0.03	(0.07)
Earnings per common shareholder - basic (in dollars per share)	1.44	0.78	0.22
Earnings per share from continuing operations - diluted (in dollars per share)	0.92	0.74	0.29
Earnings per share from discontinued operations - diluted (in dollars per share)	0.39	0.03	(0.07)
Earnings per common shareholder - diluted (in dollars per share)	1.31	0.77	0.22
Cash dividends declared (in dollars per share)	$ 0.08	$ 0.08	$ 0.08
Weighted average shares outstanding - basic (in shares)	8,212,021	8,014,316	7,905,468
Weighted average shares outstanding - diluted (in shares)	10,068,733	8,140,116	8,102,117

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Income - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Statement of Comprehensive Income [Abstract]
Net Income	$ 12,912	$ 6,816	$ 2,079
Other comprehensive income (loss):
Unrealized holding gains (losses) on securities available-for-sale	(2,802)	202	2,196
Unrealized holding gains during the year related to reclassified held-to-maturity securities	1,825	0	0
Income tax effect	391	(81)	(878)
Reclassification adjustment for gain recognized in income	(813)	(130)	(413)
Reclassification adjustment for gain recognized in income related to reclassified held-to-maturity securities	(269)	0	0
Income tax effect	433	52	165
Change in defined benefit pension plan	(181)	(556)	(1,252)
Income tax effect	72	222	501
Net current period OCI	(1,344)	(291)	319
Comprehensive income	$ 11,568	$ 6,525	$ 2,398

Consolidated Statements of Chan

Consolidated Statements of Changes in Stockholders' Equity - USD ($) $ in Thousands	Total	Preferred Stock	Common Stock	Additional Paid-in Capital	Retained Earnings	Accumulated Other Comprehensive (Loss)	Treasury Stock
Beginning balance at Dec. 31, 2013	$ 94,022	$ 8,500	$ 7,706	$ 68,518	$ 13,343	$ (2,961)	$ (1,084)
Increase (Decrease) in Stockholders' Equity
Net Income	2,079				2,079
Other comprehensive income (loss)	319					319
Cash dividends paid	(636)				(636)
Dividends on preferred stock	(332)				(332)
Preferred stock issuance	7,834	7,834
Common stock issuance, net of issuance costs	5,588		311	5,277
Dividend reinvestment plan proceeds	180		11	169
Stock based compensation	321			321
Common stock options exercised	63		6	57
Ending balance at Dec. 31, 2014	109,438	16,334	8,034	74,342	14,454	(2,642)	(1,084)
Increase (Decrease) in Stockholders' Equity
Net Income	6,816				6,816
Other comprehensive income (loss)	(291)					(291)
Cash dividends paid	(641)				(641)
Dividends on preferred stock	(575)				(575)
Stock based compensation	413			413
Common stock options exercised	(448)		79	(527)
Ending balance at Dec. 31, 2015	114,712	16,334	8,113	74,228	20,054	(2,933)	(1,084)
Increase (Decrease) in Stockholders' Equity
Net Income	12,912				12,912
Other comprehensive income (loss)	(1,344)					(1,344)
Cash dividends paid	(646)				(646)
Dividends on preferred stock	(1,128)				(1,128)
Common stock issuance, net of issuance costs	20,519		1,913	18,606
Stock based compensation	568			568
Common stock options exercised	32		22	10
Ending balance at Dec. 31, 2016	$ 145,625	$ 16,334	$ 10,048	$ 93,412	$ 31,192	$ (4,277)	$ (1,084)

Consolidated Statements of Cha7

Consolidated Statements of Changes in Stockholders' Equity (Parenthetical) - $ / shares	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Statement of Stockholders' Equity [Abstract]
Cash dividends paid (in dollars per share)	$ 0.08	$ 0.08	$ 0.08

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($)	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
OPERATING ACTIVITIES
Net Income	$ 12,912,000	$ 6,816,000	$ 2,079,000
Adjustments to reconcile net income to net cash provided by (used in) operating activities:
Net amortization and accretion of investments	1,001,000	765,000	820,000
Net amortization of deferred loan fees	55,000	203,000	405,000
Provision for loan losses	3,632,000	2,493,000	2,582,000
Depreciation and amortization	3,407,000	2,908,000	1,245,000
Stock based compensation	568,000	413,000	321,000
Loans originated for sale	(1,643,450,000)	(1,341,965,000)	(843,233,000)
Proceeds of loans sold	1,691,572,000	1,338,341,000	881,323,000
Mortgage fee income	(35,673,000)	(29,472,000)	(17,557,000)
Gain on sale of securities	(1,084,000)	(130,000)	(553,000)
Loss on sale of securities	2,000	0	140,000
Gain on sale of portfolio loans	(1,042,000)	(1,413,000)	(702,000)
Gain on sale of subsidiary	(6,926,000)	0	0
Income on bank owned life insurance	(638,000)	(653,000)	(588,000)
Deferred taxes	707,000	(395,000)	(1,082,000)
Other, net	221,000	(812,000)	(779,000)
Net cash provided by (used in) operating activities	25,264,000	(22,901,000)	24,421,000
INVESTING ACTIVITIES
Purchases of investment securities available-for-sale	(114,612,000)	(39,552,000)	(29,573,000)
Purchases of investment securities held-to-maturity	0	(700,000)	(250,000)
Maturities/paydowns of investment securities available-for-sale	17,790,000	24,412,000	8,230,000
Maturities/paydowns of investment securities held-to-maturity	400,000	1,580,000	2,000,000
Sales of investment securities available-for-sale	55,191,000	12,912,000	61,299,000
Sales of investment securities held-to-maturity	0	421,000	0
Purchases of premises and equipment	(1,668,000)	(2,153,000)	(9,798,000)
Disposals of premises and equipment from sale of subsidiary	581,000	0	0
Net increase in loans	(22,245,000)	(215,173,000)	(176,989,000)
Purchases of restricted bank stock	(23,933,000)	(24,344,000)	(13,975,000)
Redemptions of restricted bank stock	26,684,000	20,972,000	15,024,000
Proceeds from sale of certificates of deposit with banks	6,717,000	248,000	1,234,000
Purchases of certificates of deposit with banks	(8,094,000)	(1,491,000)	(3,714,000)
Proceeds from sale of other real estate owned	159,000	1,132,000	76,000
Proceeds from sale of subsidiary	7,047,000	0	0
Branch acquisition, net cash acquired	0	48,292,000	0
Purchase of bank owned life insurance	0	0	(5,000,000)
Net cash used in investing activities	(55,983,000)	(173,444,000)	(151,436,000)
FINANCING ACTIVITIES
Net increase in deposits	94,703,000	120,390,000	127,416,000
Net decrease in repurchase agreements	(2,277,000)	(5,236,000)	(48,905,000)
Net change in short-term FHLB borrowings	(92,184,000)	84,088,000	(2,199,000)
Principal payments on FHLB borrowings	(93,000)	(2,177,000)	(1,160,000)
Proceeds from subordinated debt	0	0	29,400,000
Proceeds from stock offering, net of issuance costs	20,519,000	0	5,588,000
Preferred stock issuance	0	0	7,834,000
Common stock options exercised	32,000	(448,000)	63,000
Dividend reinvestment plan proceeds	0	0	180,000
Cash dividends paid on common stock	(646,000)	(641,000)	(636,000)
Cash dividends paid on preferred stock	(1,128,000)	(575,000)	(332,000)
Net cash provided by financing activities	18,926,000	195,401,000	117,249,000
(Decrease) increase in cash and cash equivalents	(11,793,000)	(944,000)	(9,766,000)
Cash and cash equivalents at beginning of period	29,133,000	30,077,000	39,843,000
Cash and cash equivalents at end of period	17,340,000	29,133,000	30,077,000
Supplemental disclosure of cash flow information:
Loans transferred to other real estate owned	332,000	174,000	346,000
Cashless stock options exercised	16,000	1,180,000	0
Cash payments for:
Interest on deposits, repurchase agreements and borrowings	10,890,000	11,124,000	8,953,000
Income taxes	$ 6,922,000	$ 2,400,000	$ 1,729,000

SUMMARY OF SIGNIFICANT ACCOUNTI

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	12 Months Ended
	Dec. 31, 2016
Accounting Policies [Abstract]
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Business and Organization MVB Financial Corp. was formed on May 29, 2003 and became a bank holding company under the laws of West Virginia on January 1, 2004 , and, effective December 19, 2012 , became a financial holding company. The Company features a subsidiary and multiple affiliated businesses, each of which is described in more detail below, including MVB Bank, Inc. (the "Bank") and its wholly-owned subsidiaries, MVB Mortgage and MVB Insurance, LLC ("MVB Insurance"). On December 31, 2013 , three Company subsidiaries, MVB-Central, Inc. (a second-tier level holding company), MVB-East, Inc. (a second tier holding company) and Bank Compliance Solutions, Inc. (an inactive subsidiary) were merged into the Company. The Bank was formed on October 30, 1997 and chartered under the laws of the State of West Virginia. The Bank commenced operations on January 4, 1999 . During the fourth quarter of 2012, the Bank acquired Potomac Mortgage Group, Inc. (“PMG” which, following July 15, 2013, began doing business under the registered trade name “MVB Mortgage”), a mortgage company in the northern Virginia area, and fifty percent ( 50% ) interest in a mortgage services company, Lender Service Provider, LLC (“LSP”). In the third quarter of 2013, this fifty percent ( 50% ) interest in LSP was reduced to a twenty-five percent ( 25% ) interest through a sale of a partial interest. MVB Mortgage has eleven mortgage only offices, located in Virginia, within the Washington, DC metropolitan area as well as North Carolina and South Carolina, and, in addition, has mortgage loan originators located at select Bank locations throughout West Virginia. MVB Insurance, LLC was originally formed in 2000 and reinstated in 2005 , as a Bank subsidiary. Effective June 1, 2013 , MVB Insurance became a direct subsidiary of the Company. MVB Insurance offered select insurance products such as title insurance, individual insurance, commercial insurance, employee benefits insurance, and professional liability insurance. On June 30, 2016 , the Company entered into an Asset Purchase agreement with USI Insurance Services (“USI”), in which USI purchased substantially all of the assets and assumed certain liabilities of MVB Insurance, which resulted in a pre-tax gain of $6.9 million , and was reported in discontinued operations, as discussed in Note 23, "Discontinued Operations" of the Notes to the Consolidated Financial Statements included in Item 8, Financial Statements and Supplementary Data, of this Annual Report on Form 10-K. MVB Insurance retained the assets related to, and continues to operate, its title insurance business. The title insurance business is immaterial in terms of revenue and the Company has reorganized MVB Insurance as a subsidiary of the Bank. Subsequent to the sale of MVB Insurance, the Company’s primary business activities, through its subsidiary, are currently community banking, and mortgage banking. As a community-based bank, the Bank offers its customers a full range of products through various delivery channels. Such products and services include checking accounts, NOW accounts, money market and savings accounts, time certificates of deposit, commercial, installment, commercial real estate and residential real estate mortgage loans, debit cards, and safe deposit rental facilities. Services are provided through our walk-in offices, automated teller machines (“ATMs”), drive-in facilities, and internet and telephone banking. Additionally, the Bank offers non-deposit investment products through an association with a broker-dealer. Since the opening date of January 4, 1999 , the Bank has experienced significant growth in assets, loans, and deposits due to strong community and customer support in the Marion County and Harrison County, West Virginia markets, expansion into Jefferson, Berkeley, Monongalia and Kanawha Counties, West Virginia and, most recently, into Fairfax County, Virginia. With the acquisition of PMG, mortgage banking is now a much more significant focus, which has opened increased market opportunities in the Washington, D.C. metropolitan region and added enough volume to further diversify the Company’s revenue stream. A summary of significant accounting and reporting policies applied in the presentation of the accompanying consolidated financial statements follows: Basis of Presentation The financial statements are consolidated to include the accounts of the Company, its subsidiary, MVB Bank, and the Bank's wholly-owned subsidiaries, MVB Mortgage and MVB Insurance. These statements have been prepared in accordance with U.S. generally accepted accounting principles. All significant inter-company accounts and transactions have been eliminated in the consolidated financial statements. In preparing the consolidated financial statements, management makes estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the consolidated financial statements and the reported amounts of revenues and expenses for the period. Actual results could differ significantly from those estimates. Material estimates that are particularly susceptible to significant change relate to determination of the allowance for loan losses, derivative instruments, goodwill and deferred tax assets and liabilities. Operating Segments An operating segment is defined as a component of an enterprise that engages in business activities that generates revenue and incurs expense, and the operating results of which are reviewed by the chief operating decision maker in the determination of resource allocation and performance. While the Company’s chief decision makers monitor the revenue streams of the various Company’s products and services, operations are managed and financial performance is evaluated on a Company-wide basis. The Company has identified three reportable segments: commercial and retail banking; mortgage banking; and financial holding company. Insurance services was previously identified as a reportable segment until entering into an Asset Purchase Agreement, as discussed below and in Note 23, "Discontinued Operations" of the Notes to the Consolidated Financial Statements included in Item 8, Financial Statements and Supplementary Data, of this Annual Report on Form 10-K. Cash and Cash Equivalents Cash equivalents include cash on hand, deposits in banks and interest-earning deposits. Interest-earning deposits with original maturities of 90 days or less are considered cash equivalents. Net cash flows are reported for loans, deposits and short term borrowing transactions. Management Estimates The preparation of consolidated financial statements in conformity with U.S. generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities at the date of the consolidated financial statements and the reported amounts of revenues and expenses during the reporting period. Estimates, such as the allowance for loan losses, are based upon known facts and circumstances. Estimates are revised by management in the period such facts and circumstances change. Actual results could differ from these estimates. Loans Held for Sale Through multiple secondary market investors, MVB Mortgage has the ability to offer customers long-term fixed rate and variable rate mortgage products without holding these instruments in the Bank’s loan portfolio. MVB Mortgage elected the fair value option and therefore values loans held for sale at fair value. Occasionally the Bank will sell portfolio loans and have them classified as loans held for sale. These loans are recorded at lower of cost or market. The Company has a loan indemnification reserve for loans sold that may be subject to repurchase in the event of specific default by the borrower or subsequent discovery that underwriting standards were not met. The reserve amounts were $200 thousand and $150 thousand respectively as of December 31, 2016 and 2015 . Loans and Allowance for Loan Losses Loans are stated at the amount of unpaid principal reduced by an allowance for loan losses. Loans are considered non-accrual when scheduled principal or interest payments are 90 days past due. Interest income on loans is recognized on an accrual basis. The allowance for loan losses is maintained at a level deemed adequate to absorb probable losses inherent in the loan portfolio. The Company consistently applies a quarterly loan review process to continually evaluate loans for changes in credit risk. This process serves as the primary means by which the Company evaluates the adequacy of the allowance for loan losses, and is based upon periodic review of the collectability of loans in light of historical experience, the nature and volume of the loan portfolio, adverse situations that may affect the borrower’s ability to repay, estimated value of any underlying collateral and prevailing economic conditions. This evaluation is inherently subjective as it requires estimates that are susceptible to significant revision as more information becomes available. The allowance consists of specific and general components. The specific component relates to loans that are impaired. The general component covers all loans that are not impaired, and is based upon historical loss experience adjusted for qualitative factors. The Company allocates the allowance based on the factors described below, which conform to the Company’s loan classification policy. In reviewing risk within the Bank’s loan portfolio, management has determined there to be several different risk categories within the loan portfolio. The allowance for loan losses consists of amounts applicable to: (i) residential real estate loans; (ii) commercial and commercial real estate secured loans; (iii) home equity loans; (iv) consumer and other loans. Factors considered in this process include general loan terms, collateral, and availability of historical data to support the analysis. Historical loss percentages for each loan category are calculated and used as the basis for calculating allowance allocations. Certain qualitative factors are evaluated to determine additional inherent risks in the loan portfolio, which are not necessarily reflected in the historical loss percentages. These factors are then added to the historical allocation percentages to get the adjusted factor to be applied to non-classified loans on a weighted basis, by risk grade. The following qualitative factors are analyzed: • Lending policies and procedures • Change in volume and severity of past due loans • Nature and volume of the portfolio • Experience and ability of management • Volume and severity of problem credits • Results of loan reviews, audits and exams • National, state, regional and local economic trends and business conditions ◦ General economic conditions ◦ Unemployment rates ◦ Inflation / CPI ◦ Changes in values of underlying collateral for collateral-dependent loans • Value of underlying collateral • Existence and effect of any credit concentrations, and changes in the level of such concentrations The Company analyzes its loan portfolio each quarter to determine the appropriateness of its allowance for loan losses. A loan that has deteriorated and requires additional collection efforts by the Bank could warrant non-accrual status. A thorough review is presented to the Chief Credit Officer and or the Management Loan Committee ("MLC"), as required with respect to any loan which is in a collection process and to make a determination as to whether the loan should be placed on non-accrual status. The placement of loans on non-accrual status is subject to applicable regulatory restrictions and guidelines. Generally, loans should be placed in non-accrual status when the loan reaches 90 days past due, when it becomes likely the borrower cannot or will not make scheduled principal or interest payments, when full repayment of principal and interest is not expected, or when the loan displays potential loss characteristics. Normally, all accrued interest is charged off when a loan is placed in non-accrual status, unless Management believes it is likely the accrued interest will be collected. Any payments subsequently received are applied to principal. To remove a loan from non-accrual status, all principal and interest due must be paid up to date and the Bank is reasonably sure of future satisfactory payment performance. Usually, this requires a six-month recent history of payments due. Removal of a loan from non-accrual status requires the approval of the Chief Credit Officer and or MLC. A loan is considered impaired when, based upon current information and events, it is probable that the Company will be unable to collect the scheduled payments of principal or interest when due according to the contractual terms of the loan agreement. Factors considered by management in determining impairment include payment status, collateral value, and the probability of collecting scheduled principal and interest payments when due. Loans that experience insignificant payment delays and shortages generally are not classified as impaired. Generally, the Company considers impaired loans to include loans classified as non-accrual loans, loans past due for longer than 90 days and troubled debt restructurings. The Company defers loan origination and commitment fees and direct loan origination costs and the net amount is amortized as an adjustment of the related loan’s yield. Troubled Debt Restructurings (TDRs) A restructuring of debt constitutes a TDR if the creditor for economic or legal reasons related to the debtor’s financial difficulties grants a concession to the debtor that it would not otherwise consider. The determination of whether a concession has been granted includes an evaluation of the debtor’s ability to access funds at a market rate for debt with similar risk characteristics and among other things, the significance of the modification relative to unpaid principal or collateral value of the debt, and/or the significance of a delay in the timing of payments relative to the frequency of payments, original maturity date or the expected duration of the loan. The most common concessions granted generally include one or more modifications to the terms of the debt such as a reduction in the interest rate for the remaining life of the debt, an extension of the maturity date at an interest rate lower than the current market rate for new debt with similar risk, or reduction of the unpaid principal or interest. All TDRs are considered impaired loans. Derivative Instruments Interest Rate Lock Commitments and Hedges The Company enters into commitments to originate mortgage loans whereby the interest rate on the loan is determined prior to funding (rate lock commitments). Rate lock commitments on mortgage loans that are intended to be sold are considered to be derivatives. The period of time between issuance of a loan commitment and closing and sale of the loan generally ranges from 30 days to 120 days . The Company protects itself from changes in interest rates through the use of best efforts forward delivery commitments, whereby the Company commits to sell a loan at the time the borrower commits to an interest rate with the intent that the buyer has assumed interest rate risk on the loan. As a result, the Company limits the exposure of losses with these arrangements and will not realize significant gains related to its rate lock commitments due to changes in interest rates. The correlation between the rate lock commitments and hedges is very high due to their similarity. The Company also uses mortgage-backed security hedges and pair-offs to mitigate interest rate risk by entering securities and mortgage-backed securities trades with brokers. The fair value of rate lock commitments and hedges is not readily ascertainable with precision because rate lock commitments and hedges are not actively traded in stand-alone-markets. The Company determines the fair value of rate lock commitments and hedges by measuring the change in the value of the underlying asset while taking into consideration the probability that the rate lock commitments will close. During the fourth quarter 2014 , management refined their calculation of interest rate locks to include the cost to originate loans, which resulted in a one-time expense of $706 thousand . Fair value changes are recorded in noninterest income in the Company’s consolidated statement of income. At December 31, 2016 and 2015 , the balance of interest rate lock commitments was $1.5 million , respectively. There were no forward sales commitments as of December 31, 2016 and 2015 . Interest Rate Cap The Company has entered into a rate protection transaction through SMBC Capital Markets, Inc. covering the period November 26, 2014 through December 1, 2019 . The notional amount is $100 million and 3 month LIBOR is the underlying rate and the strike price is 3% . The 5 year coverage is broken into 20 quarterly caps. The Company’s fixed cost in the interest rate cap was $1.5 million . The credit support provider must maintain a long-term senior unsecured debt rating of A or better by S&P and A2 or better by Moody’s. The interest rate cap agreement is a free-standing derivative and is recorded at fair value on the Company’s consolidated balance sheet. Fair value changes are recorded in noninterest income in the Company’s consolidated net income statement. At December 31, 2016 and 2015 , the fair value of the interest rate cap was $268 thousand and $437 thousand , respectively. Interest Rate Swap Beginning in 2015 , the Company entered into interest rate swap agreements to facilitate the risk management strategies of a small number of commercial banking clients. The Company mitigates this risk by entering into equal and offsetting interest rate swap agreements with highly rated third-party financial institutions. The interest rate swap agreements are free-standing derivatives and are recorded at fair value on the Company’s consolidated balance sheet. Fair value changes are recorded in noninterest income in the Company’s consolidated net income statement. At December 31, 2016 and 2015 , the fair value of interest rate swap agreements was $250 thousand and $405 thousand , respectively. Mortgage Servicing Rights Mortgage servicing rights (MSRs) are recorded when the Bank sells mortgage loans and retains the servicing on those loans. On a monthly basis, MVB tracks the amount of mortgage loans that are sold with servicing retained. A valuation is done to determine the MSR’s value, which is then recorded as an asset and amortized over the period of estimated net servicing revenues. The balance of MSR’s is evaluated for impairment quarterly, and was determined not to be impaired at December 31, 2016 or 2015 . Servicing loans for others generally consists of collecting mortgage payments from borrowers, maintaining escrow accounts, remitting payments to third party investors and when necessary, foreclosure processing. Serviced loans are not included in the Consolidated Balance Sheets. At December 31, 2016 and 2015 , the MSR's value was $190 thousand and $956 thousand , respectively. The amortization taken on the servicing asset for the years ended December 31, 2016 , 2015 and 2014 was $1.0 million , $915 thousand and $574 thousand , respectively. At December 31, 2016 and 2015 , total loans serviced for others totaled $296.4 million and $334.5 million , respectively. Premises and Equipment Premises and equipment are carried at cost less accumulated depreciation. Depreciation expense is computed for financial reporting by the straight-line-method based on the estimated useful lives of assets, which range from 7 to 40 years on buildings and leasehold improvements and 3 to 10 years on furniture, fixtures and equipment. Intangible Assets and Goodwill Goodwill is reviewed for potential impairment at least annually at the reporting unit level. In addition to the annual impairment evaluation, the Company evaluates for impairment when events or circumstances indicate that it is more likely than not an impairment loss has occurred. The Company performs its annual impairment test during the fourth quarter. The Company first assesses qualitative factors to determine whether it is necessary to perform the two-step goodwill impairment test discussed below. The Company assesses qualitative factors to determine whether it is more likely than not that the fair value of a reporting unit is less than its carrying amount, including goodwill. Examples of qualitative factors include: economic conditions; industry and market considerations; increases in raw materials, labor, or other costs; overall financial performance such as negative or declining cash flows; relevant entity-specific events such as changes in management, key personnel, strategy, or customers; and regulatory or political developments. If, based on its assessment of the qualitative factors, the Company determines that it is not more likely than not that the fair value of a reporting unit is less than its carrying amount, then the first and second steps of the goodwill impairment test are not necessary. If determined to be necessary, a two-step impairment test is performed to identify potential goodwill impairment and measure the amount of a goodwill impairment loss to be recognized (if any). The first step requires the estimation of the reporting unit’s fair value. If the fair value of the reporting unit exceeds the carrying value, including goodwill, no further testing is required. If the carrying value exceeds the fair value, a second step is performed to determine whether an impairment charge must be recorded, and if so, the amount of such change. The Company’s assessment of qualitative factors determined that it is not more likely than not that the fair value of each reporting unit is less than its carrying amount and therefore, goodwill is not impaired as of December 31, 2016 and 2015 . As of December 31, 2016 and 2015 , the Company had goodwill of $18.5 million , respectively. Intangible Assets include core deposit intangibles which are amortized over their useful life of ten years using the double-declining balance method. Net core deposit intangibles are included in accrued interest receivable and other assets on the consolidated balance sheet and totaled $744 thousand and $845 thousand as of December 31, 2016 and 2015 , respectively. Restricted Bank Stock The Bank is a member of the FHLB of Pittsburgh and as such, is required to maintain a minimum investment in stock of the FHLB that varies with the level of advances outstanding with the FHLB. As of December 31, 2016 and 2015 , the Bank holds $5.8 million and $8.6 million , respectively. The stock is bought from and sold to the FHLB based upon its $100 par value. The stock does not have a readily determinable fair value and as such is classified as restricted stock, carried at cost and evaluated by management. The stock’s value is determined by the ultimate recoverability of the par value rather than by recognizing temporary declines. The determination of whether the par value will ultimately be recovered is influenced by criteria such as the following: (a) A significant decline in net assets of the FHLB as compared to the capital stock amount and the length of time this situation has persisted (b) commitments by the FHLB to make payments required by law or regulation and the level of such payments in relation to the operating performance (c) the impact of legislative and regulatory changes on the customer base of the FHLB and (d) the liquidity position of the FHLB. Management evaluated the stock and concluded that the stock was not impaired for the periods presented herein. Management considered that the FHLB’s regulatory capital ratios have improved in the most recent quarters, liquidity appears adequate, new shares of FHLB stock continue to exchange hands at the $100 par value and the FHLB has repurchased shares of excess capital stock from its members during 2016 and 2015 and has reinstituted the dividend. Foreclosed Assets Held for Resale Foreclosed assets held for resale acquired in satisfaction of mortgage obligations and in foreclosure proceedings are recorded at fair value less estimated selling costs at the time of foreclosure, with any valuation adjustments charged to the allowance for loan losses. Any gains or losses on sale are then recorded in other noninterest expense. At December 31, 2016 and 2015 , the Company held other real estate of $414 thousand and $239 thousand . Bank-Owned Life Insurance Bank-owned life insurance (“BOLI”) represents life insurance on the lives of certain Company employees who have provided positive consent allowing the Company to be the beneficiary of such policies. These policies are recorded at their cash surrender value, or the amount that can be realized upon surrender of the policy. Income from these policies is not subject to income taxes and is recorded as noninterest income. Income Taxes The Company and the Bank file a consolidated federal income tax return. Deferred tax assets and liabilities are computed based on the difference between the financial statement basis and income tax basis of assets and liabilities using the enacted marginal tax rates. Deferred income tax expenses or benefits are based on the changes in the net deferred tax asset or liability from period to period. Stock Based Compensation Compensation cost is recognized for stock options issued to employees, based on the fair value of these awards at the date of grant. A Black-Scholes model is utilized to estimate the fair value of stock options. Compensation cost is recognized over the required service period, generally defined as the vesting period. For awards with graded vesting, compensation cost is recognized on a straight-line basis over the requisite service period for the entire award. Earnings Per Share The Company determines basic earnings per share by dividing net income less preferred stock dividends by the weighted average number of common shares outstanding during the period. Diluted earnings per share is determined by dividing net income less dividends on convertible preferred stock plus interest on convertible subordinated debt by the weighted average number of shares outstanding increased by both the number of shares that would be issued assuming the exercise of stock options under the Company’s 2003 and 2013 Stock Incentive Plans and the conversion of preferred stock and subordinated debt if dilutive. Prior year dilutive earnings per share has been modified with the calculation of continuing and discontinued operations to use the denominator of shares from continuing operations for continuing, discontinuing, and total earnings per share. The subordinated debt was considered anti-dilutive for continuing operations and excluded from the calculation for year ending December 31, 2015. This changed the reported prior year earnings per share. For the years ended December 31, (Dollars in thousands except shares and per share data) 2016 2015 2014 Numerator for basic earnings per share: Net Income from continuing operations $ 8,977 $ 6,603 $ 2,655 Less: Dividends on preferred stock 1,128 575 332 Net Income from continuing operations available to common shareholders - basic 7,849 6,028 2,323 Net Income from discontinued operations available to common shareholders - basic and diluted 3,935 213 (576 ) Net Income available to common shareholders $ 11,784 $ 6,241 $ 1,747 Numerator for diluted earnings per share: Net Income from continuing operations available to common shareholders - basic $ 7,849 $ 6,028 $ 2,323 Add: Dividends on preferred stock — — — Add: Interest on subordinated debt (tax effected) 1,390 — — Net Income available to common shareholders from continuing operations - diluted $ 9,239 $ 6,028 $ 2,323 Denominator: Total average shares outstanding 8,212,021 8,014,316 7,905,468 Effect of dilutive convertible preferred stock — — — Effect of dilutive convertible subordinated debt 1,837,500 — — Effect of dilutive stock options 19,212 125,800 196,649 Total diluted average shares outstanding 10,068,733 8,140,116 8,102,117 Earnings per share from continuing operations - basic $ 0.96 $ 0.75 $ 0.29 Earnings per share from discontinued operations - basic $ 0.48 $ 0.03 $ (0.07 ) Earnings per common shareholder - basic $ 1.44 $ 0.78 $ 0.22 Earnings per share from continuing operations - diluted $ 0.92 $ 0.74 $ 0.29 Earnings per share from discontinued operations - diluted $ 0.39 $ 0.03 $ (0.07 ) Earnings per common shareholder - diluted $ 1.31 $ 0.77 $ 0.22 Comprehensive Income Accounting principles generally require that recognized revenue, expenses, gains and losses be included in net income. Although certain changes in assets and liabilities, such as unrealized gains and losses on available-for-sale securities and minimum pension liability, are reported as a separate component of the equity section of the Consolidated Balance Sheet, such items, along with net income, are components of comprehensive income. Marketing Costs Marketing costs are expensed as incurred. Marketing expense was $1.3 million , $1.4 million and $1.1 million for 2016 , 2015 and 2014 , respectively. Transfers of Financial Assets Transfers of financial assets are accounted for as sales when control over the assets has been surrendered. Control over transferred assets is deemed to be surrendered when (i) the assets have been isolated from the company, (ii) the transferee obtains the right (free of conditions that constrain it from taking advantage of that right) to pledge or exchange the transferred assets, and (iii) the Company does not maintain effective control over the transferred assets through an agreement to repurchase them before their maturity. Reclassifications Certain amounts in the 2015 and 2014 consolidated financial statements have been reclassified to conform to the 2016 financial statement presentation. Recent Accounting Pronouncements In December 2016, the Financial Accounting Standards Board ("FASB") issued Accounting Standards Update ("ASU") 2016-20, Technical Corrections and Improvements to Topic 606, Revenue from Contracts with Customers . The amendments in this ASU cover a variety of Topics in the Codification related to the new revenue recognition standard (ASU 2014-09) and represent changes to make minor corrections or minor improvements to the Codification that are not expected to have a significant impact on current accounting practice or create a significant administrative cost to most entities. For public companies, this update will be effective for fiscal years beginning after December 15, 2017, including all interim periods within those fiscal years. The adoption of this guidance is not expected to be material to the consolidated financial statements. In December 2016, the FASB issued ASU 2016-19, Technical Corrections and Improvements. The amendments in this ASU cover a wide range of Topics in the Codification and represent changes to make corrections or improvements to the Codification that are not expected to have a significant effect on current accounting practice or create a significant administrative cost to most entities. For public companies, this update will be effective for fiscal years beginning after December 15, 2016, including all interim periods within those fiscal years. Early application is permitted. The adoption of this guidance will not have a material impact on the Company's consolidated financial statements. In November 2016, the FASB issued ASU 2016-18, Statement of Cash Flows (Topic 230): Restricted Cash (a consensus of the FASB Emerging Issues Task Force). The new guidance clarifies the classification within the statement of cash flows for certain transactions, including debt extinguishment costs, zero-coupon debt, contingent consideration related to business combinations, insurance proceeds, equity method distributions and beneficial interests in securitizations. The guidance also clarifies that cash flows with aspects of multiple classes of cash flows or that cannot be separated by source or use should be classified based on the activity that is likely to be the predominant source or use of cash flows for the item. This guidance is effective for fiscal years beginning after December 15, 2017 and interim periods within those fiscal years. The adoption of this guidance will not have a material impact on the Company's consolidated financial statements. In October 2016, the FASB issue

INVESTMENT SECURITIES

INVESTMENT SECURITIES	12 Months Ended
	Dec. 31, 2016
Investments, Debt and Equity Securities [Abstract]
INVESTMENT SECURITIES	INVESTMENT SECURITIES Prior to the final determination of Basel III, investments were recorded as held-to-maturity due to the uncertainty of the capital treatment of available-for-sale investments. Upon the issuance of the final ruling, the Company opted out of the Other Comprehensive Income treatment of available-for-sale investments permitted under Basel III. Due to the change in capital treatment under the final ruling of Basel III, the Company’s purpose of recording investments as held-to-maturity changed; therefore, during the period ended March 31, 2016 , the Company reclassified $52.4 million , with unrealized holding gains of $1.8 million , of the remaining held-to-maturity investments into available-for-sale investments. There were no held-to-maturity securities at December 31, 2016 . Amortized cost and fair values of investment securities held-to-maturity at December 31, 2015 including gross unrealized gains and losses, are summarized as follows: (Dollars in thousands) Amortized Cost Unrealized Gain Unrealized Loss Fair Value Municipal securities $ 52,859 $ 1,699 $ (88 ) $ 54,470 Total investment securities held-to-maturity $ 52,859 $ 1,699 $ (88 ) $ 54,470 Amortized cost and fair values of investment securities available-for-sale at December 31, 2016 are summarized as follows: (Dollars in thousands) Amortized Cost Unrealized Gain Unrealized Loss Fair Value U. S. Agency securities $ 29,234 $ 7 $ (425 ) $ 28,816 U.S. Sponsored Mortgage-backed securities 56,080 14 (1,362 ) 54,732 Municipal securities 72,075 744 (2,023 ) 70,796 Total debt securities 157,389 765 (3,810 ) 154,344 Equity and other securities 7,643 381 — 8,024 Total investment securities available-for-sale $ 165,032 $ 1,146 $ (3,810 ) $ 162,368 Amortized cost and fair values of investment securities available-for-sale at December 31, 2015 are summarized as follows: (Dollars in thousands) Amortized Cost Unrealized Gain Unrealized Loss Fair Value U. S. Agency securities $ 29,532 $ — $ (181 ) $ 29,351 U.S. Sponsored Mortgage-backed securities 34,246 1 (533 ) 33,714 Municipal securities 1,775 23 — 1,798 Total debt securities 65,553 24 (714 ) 64,863 Equity and other securities 5,309 95 (11 ) 5,393 Total investment securities available-for-sale $ 70,862 $ 119 $ (725 ) $ 70,256 The following table summarizes amortized cost and fair values of debt securities by maturity: December 31, 2016 Available for sale (Dollars in thousands) Amortized Cost Fair Value Within one year $ 1,277 $ 1,280 After one year, but within five 11,176 11,244 After five years, but within ten 14,666 14,487 After ten Years 130,270 127,333 Total $ 157,389 $ 154,344 Investment securities with a carrying value of $82.7 million and $106.4 million at December 31, 2016 and 2015 , respectively, were pledged to secure public funds, repurchase agreements and potential borrowings at the Federal Reserve discount window. The Company’s investment portfolio includes securities that are in an unrealized loss position as of December 31, 2016 , the details of which are included in the following table. Although these securities, if sold at December 31, 2016 would result in a pretax loss of $3.8 million , the Company has no intent to sell the applicable securities at such fair values, and maintains the Company has the ability to hold these securities until all principal has been recovered. It is not more likely than not the Company would sell any securities at a loss for liquidity purposes. Declines in the fair values of these securities can be traced to general market conditions which reflect the prospect for the economy as a whole. When determining other-than-temporary impairment on securities, the Company considers such factors as adverse conditions specifically related to a certain security or to specific conditions in an industry or geographic area, the time frame securities have been in an unrealized loss position, the Company’s ability to hold the security for a period of time sufficient to allow for anticipated recovery in value, whether or not the security has been downgraded by a rating agency, and whether or not the financial condition of the security issuer has severely deteriorated. As of December 31, 2016 , the Company considers all securities with unrealized loss positions to be temporarily impaired, and consequently, does not believe the Company will sustain any material realized losses as a result of the current temporary decline in fair value. The following table discloses investments in an unrealized loss position at December 31, 2016 : (Dollars in thousands) Less than 12 months 12 months or more Description and number of positions Fair Value Unrealized Loss Fair Value Unrealized Loss U.S. Agency securities (16) $ 28,814 $ (425 ) $ — $ — U.S. Sponsored Mortgage-backed securities (29) 33,209 (1,040 ) 13,919 (322 ) Municipal securities (86) 42,727 (2,023 ) — — $ 104,750 $ (3,488 ) $ 13,919 $ (322 ) The following table discloses investments in an unrealized loss position at December 31, 2015 : (Dollars in thousands) Less than 12 months 12 months or more Description and number of positions Fair Value Unrealized Loss Fair Value Unrealized Loss U.S. Agency securities (9) $ 28,351 $ (181 ) $ — $ — U.S. Sponsored Mortgage-backed securities (19) 20,647 (233 ) 11,862 (300 ) Municipal securities (22) 3,827 (32 ) 5,559 (56 ) Equity and other securities (1) 2,489 (11 ) — — $ 55,314 $ (457 ) $ 17,421 $ (356 ) The Company sold investments available-for-sale of $55.2 million , $12.9 million and $61.3 million in 2016 , 2015 and 2014 , respectively. These sales resulted in gross gains of $1.1 million , $125 thousand and $553 thousand and gross losses of $2 thousand , $0 , and $140 thousand in 2016 , 2015 and 2014 , respectively. During 2015 , the Company sold investments held-to-maturity $421 thousand , resulting in gross gains of $5 thousand . The held-to-maturity investments were sold due to a credit downgrade, indicating significant deterioration of the issuer’s creditworthiness. The Company sold no held-to-maturity investments during the years of 2016 or 2014 .

LOANS AND ALLOWANCE FOR LOAN LO

LOANS AND ALLOWANCE FOR LOAN LOSSES	12 Months Ended
	Dec. 31, 2016
Receivables [Abstract]
LOANS AND ALLOWANCE FOR LOAN LOSSES	LOANS AND ALLOWANCE FOR LOAN LOSSES The Company routinely generates 1-4 family mortgages for sale into the secondary market. During 2016 , 2015 and 2014 , the Company recognized sales proceeds of $1.7 billion , $1.3 billion and $881.3 million , resulting in mortgage fee income of $35.7 million , $29.5 million and $17.6 million , respectively. The components of loans in the Consolidated Balance Sheet at December 31, were as follows: (Dollars in thousands) 2016 2015 Commercial and Non-Residential Real Estate $ 757,516 $ 729,319 Residential Real Estate 215,452 217,366 Home Equity 65,386 68,124 Consumer 14,511 17,361 Total Loans $ 1,052,865 $ 1,032,170 All loan origination fees and direct loan origination costs are deferred and recognized over the life of the loan. As of December 31, 2016 and 2015 , net deferred fees of $897 thousand and $1.1 million , respectively, were included in the carrying value of loans. The following table summarizes the primary segments of the loan portfolio as of December 31, 2016 and 2015 : (Dollars in thousands) Commercial Residential Home Equity Consumer Total December 31, 2016 Individually evaluated for impairment $ 10,781 $ 1,161 $ 132 $ 78 $ 12,152 Collectively evaluated for impairment 746,735 214,291 65,254 14,433 1,040,713 Total Loans $ 757,516 $ 215,452 $ 65,386 $ 14,511 $ 1,052,865 December 31, 2015 Individually evaluated for impairment $ 14,177 $ 1,067 $ 28 $ 103 $ 15,375 Collectively evaluated for impairment 715,142 216,299 68,096 17,258 1,016,795 Total Loans $ 729,319 $ 217,366 $ 68,124 $ 17,361 $ 1,032,170 Loans are considered to be 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 evaluating impairment include payment status, collateral value, and the probability of collecting scheduled principal and interest payments when due. 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. The Company also separately evaluates individual consumer loans for impairment. The Chief Credit Officer identifies these loans individually by monitoring the delinquency status of the Bank’s portfolio. Once identified, the Bank’s ongoing communications with the borrower allow Management to evaluate the significance of the payment delays and the circumstances surrounding the loan and the borrower. Once the determination has been made that a loan is impaired, the amount of the impairment is measured using one of three valuation methods: (a) the present value of expected future cash flows discounted at the loan’s effective interest rate; (b) the loan’s observable market price; or (c) the fair value of the collateral less selling costs. The method is selected on a loan-by-loan basis, with management primarily utilizing the fair value of collateral method. The evaluation of the need and amount of a specific allocation of the allowance and whether a loan can be removed from impairment status is made on a quarterly basis. The following table presents impaired loans by class, segregated by those for which a specific allowance was required and those for which a specific allowance was not necessary as of December 31, 2016 and 2015 : Impaired Loans with Specific Allowance Impaired Loans with No Specific Allowance Total Impaired Loans (Dollars in thousands) Recorded Investment Related Allowance Recorded Investment Recorded Investment Unpaid Principal Balance December 31, 2016 Commercial Commercial Business $ — $ — $ 3,342 $ 3,342 $ 4,102 Commercial Real Estate 2,757 302 892 3,649 3,676 Acquisition & Development 264 74 3,526 3,790 6,059 Total Commercial 3,021 376 7,760 10,781 13,837 Residential 783 122 378 1,161 1,166 Home Equity 62 36 70 132 135 Consumer 16 9 62 78 285 Total Impaired Loans $ 3,882 $ 543 $ 8,270 $ 12,152 $ 15,423 December 31, 2015 Commercial Commercial Business $ 574 $ 4 $ 3,260 $ 3,834 $ 3,834 Commercial Real Estate 7,587 513 — 7,587 7,587 Acquisition & Development 1,800 191 956 2,756 4,131 Total Commercial 9,961 708 4,216 14,177 15,552 Residential 1,045 276 22 1,067 1,067 Home Equity 28 28 — 28 28 Consumer 103 1 — 103 103 Total Impaired Loans $ 11,137 $ 1,013 $ 4,238 $ 15,375 $ 16,750 Impaired loans have decreased by $3.2 million , or 21% , during 2016 , primarily the result of the net impact of seven commercial loan relationships. A $5.0 million loan to finance commercial real estate property in the Northern Virginia market, which had as primary tenants, government contractors that have vacated the premises as a result of losing significant contracts with the United States government, was purchased from another financial institution in late 2013 . In 2016 , this $5.0 million loan was repurchased by the selling financial institution thereby decreasing total impaired loans by $5.0 million . In contrast, five of the seven relationships generated increases to the impaired loan total since 2015 , the largest of which was a $950 thousand commercial real estate loan (net of a $361 thousand participation) that was identified as impaired in 2016 as a result of an extended stabilization and interest only period, as well as a lack of project specific cash flows. Charge-offs of $701 thousand were incurred on this loan in 2016 . The remaining four relationships that generated increases to the impaired loan total included thirteen commercial real estate and/or acquisition and development loans that totaled $3.9 million as of December 31, 2016 , a net increase of $1.2 million specific to these relationships since 2015 . The last of the seven commercial relationships that contributed to the net decrease in impaired loans since 2015 included two loans that were identified as impaired in 2016 as a result of a decline in the coal industry. In 2016 , these two loans, along with a third related loan that was previously impaired, required orderly liquidation of the related collateral, resulting in $796 thousand in principal curtailment and a total of partial charge-offs in the amount of $759 thousand . The net effect of these seven significant impairment items on the total of impaired loans was $3.4 million . The remaining $200 thousand of the net decrease in impaired loans since December 31, 2015 was the net effect of multiple other factors, including the identification of additional impaired loans, foreclosures, loan sales, payoffs, principal curtailments, partial charge-offs, and normal loan amortization. The following table presents the average recorded investment in impaired loans and related interest income recognized for the years ended: December 31, 2016 December 31, 2015 December 31, 2014 (Dollars in thousands) Average Investment in Impaired Loans Interest Income Recognized on Accrual Basis Interest Income Recognized on Cash Basis Average Investment in Impaired Loans Interest Income Recognized on Accrual Basis Interest Income Recognized on Cash Basis Average Investment in Impaired Loans Interest Income Recognized on Accrual Basis Interest Income Recognized on Cash Basis Commercial Commercial Business $ 4,027 $ 155 $ 104 $ 3,153 $ 156 $ 114 $ 301 $ 14 $ 61 Commercial Real Estate 3,590 100 75 6,618 63 61 2,213 149 105 Acquisition & Development 3,983 9 112 2,408 9 10 4,456 112 94 Total Commercial 11,600 264 291 12,179 228 185 6,970 275 260 Residential 928 20 28 920 12 13 804 20 20 Home Equity 50 1 1 28 1 1 28 1 1 Consumer 245 — — 1 — — 20 1 1 Total $ 12,823 $ 285 $ 320 $ 13,128 $ 241 $ 199 $ 7,822 $ 297 $ 282 As of December 31, 2016 , the Bank held two foreclosed residential real estate properties representing $214 thousand , or 52% , of the total balance of other real estate owned. There are six additional consumer mortgage loans collateralized by residential real estate properties in the process of foreclosure. The total recorded investment in these loans was $464 thousand as of December 31, 2016 . These loans are included in the table above and have a total of $59 thousand in specific allowance allocated to them. Bank management uses a nine point internal risk rating system to monitor the credit quality of the overall loan portfolio. The first six categories are considered not criticized, and are aggregated as “Pass” rated. The criticized rating categories utilized by management generally follow bank regulatory definitions. The Special Mention category includes assets that are currently protected but are potentially weak, resulting in an undue and unwarranted credit risk, but not to the point of justifying a Substandard classification. Loans in the Substandard category have well-defined weaknesses that jeopardize the liquidation of the debt, and have a distinct possibility that some loss will be sustained if the weaknesses are not corrected. Any portion of a loan that has been or is expected to be charged off is placed in the Loss category. To help ensure that risk ratings are accurate and reflect the present and future capacity of borrowers to repay a loan as agreed, the Bank has a structured loan rating process with several layers of internal and external oversight. Generally, consumer and residential mortgage loans are included in the Pass categories unless a specific action, such as past due status, bankruptcy, repossession, or death occurs to raise awareness of a possible credit event. The Bank’s Chief Credit Officer is responsible for the timely and accurate risk rating of the loans in the portfolio at origination and on an ongoing basis. The Credit Department ensures that a review of all commercial relationships of one million dollars or greater is performed annually. Review of the appropriate risk grade is included in both the internal and external loan review process, and on an ongoing basis. The Bank has an experienced Credit Department that continually reviews and assesses loans within the portfolio. The Bank engages an external consultant to conduct independent loan reviews on at least an annual basis. Generally, the external consultant reviews larger commercial relationships or criticized relationships. The Bank’s Credit Department compiles detailed reviews, including plans for resolution, on loans classified as Substandard on a quarterly basis. Loans in the Special Mention and Substandard categories that are collectively evaluated for impairment are given separate consideration in the determination of the allowance. The following table represents the classes of the loan portfolio summarized by the aggregate Pass and the criticized categories of Special Mention, Substandard and Doubtful within the internal risk rating system as of December 31, 2016 and 2015 : (Dollars in thousands) Pass Special Mention Substandard Doubtful Total December 31, 2016 Commercial Commercial Business $ 377,631 $ 2,933 $ 6,833 $ 69 $ 387,466 Commercial Real Estate 240,851 26,340 3,532 737 271,460 Acquisition & Development 90,875 1,905 2,584 3,226 98,590 Total Commercial 709,357 31,178 12,949 4,032 757,516 Residential 212,869 1,664 787 132 215,452 Home Equity 64,706 582 98 — 65,386 Consumer 14,134 302 13 62 14,511 Total Loans $ 1,001,066 $ 33,726 $ 13,847 $ 4,226 $ 1,052,865 December 31, 2015 Commercial Commercial Business $ 288,549 $ 7,949 $ 3,411 $ 574 $ 300,483 Commercial Real Estate 299,560 9,761 8,436 — 317,757 Acquisition & Development 105,585 2,739 1,223 1,532 111,079 Total Commercial 693,694 20,449 13,070 2,106 729,319 Residential 214,184 1,764 1,168 250 217,366 Home Equity 67,645 416 63 — 68,124 Consumer 16,679 311 371 — 17,361 Total Loans $ 992,202 $ 22,940 $ 14,672 $ 2,356 $ 1,032,170 Management further monitors the performance and credit quality of the loan portfolio by analyzing the age of the portfolio as determined by the length of time a recorded payment is past due. A loan that has deteriorated and requires additional collection efforts by the Bank could warrant non-accrual status. A thorough review is presented to the Chief Credit Officer and or the Management Loan Committee ("MLC"), as required with respect to any loan which is in a collection process and to make a determination as to whether the loan should be placed on non-accrual status. The placement of loans on non-accrual status is subject to applicable regulatory restrictions and guidelines. Generally, loans should be placed in non-accrual status when the loan reaches 90 days past due, when it becomes likely the borrower cannot or will not make scheduled principal or interest payments, when full repayment of principal and interest is not expected, or when the loan displays potential loss characteristics. Normally, all accrued interest is charged off when a loan is placed in non-accrual status, unless Management believes it is likely the accrued interest will be collected. Any payments subsequently received are applied to principal. To remove a loan from non-accrual status, all principal and interest due must be paid up to date and the Bank is reasonably sure of future satisfactory payment performance. Usually, this requires a six -month recent history of payments due. Removal of a loan from non-accrual status will require the approval of the Chief Credit Officer and or MLC. The following table presents the classes of the loan portfolio summarized by aging categories of performing loans and nonaccrual loans as of December 31, 2016 and 2015 : (Dollars in thousands) Current 30-59 Days Past Due 60-89 Days Past Due 90+ Days Past Due Total Past Due Total Loans Non-Accrual 90+ Days Still Accruing December 31, 2016 Commercial Commercial Business $ 387,208 $ 15 $ 169 $ 74 $ 258 $ 387,466 $ 74 $ — Commercial Real Estate 270,339 229 — 892 1,121 271,460 1,375 — Acquisition & Development 96,014 — — 2,576 2,576 98,590 3,526 — Total Commercial 753,561 244 169 3,542 3,955 757,516 4,975 — Residential 212,502 2,067 419 464 2,950 215,452 1,072 — Home Equity 64,791 525 — 70 595 65,386 104 — Consumer 14,354 55 34 68 157 14,511 78 — Total Loans $ 1,045,208 $ 2,891 $ 622 $ 4,144 $ 7,657 $ 1,052,865 $ 6,229 $ — December 31, 2015 Commercial Commercial Business $ 299,515 $ 300 $ — $ 668 $ 968 $ 300,483 $ 687 $ — Commercial Real Estate 307,029 436 4,731 5,561 10,728 317,757 5,020 541 Acquisition & Development 107,607 678 — 2,794 3,472 111,079 2,488 307 Total Commercial 714,151 1,414 4,731 9,023 15,168 729,319 8,195 848 Residential 214,326 1,838 576 626 3,040 217,366 803 — Home Equity 67,908 23 193 — 216 68,124 36 — Consumer 16,921 48 21 371 440 17,361 371 — Total Loans $ 1,013,306 $ 3,323 $ 5,521 $ 10,020 $ 18,864 $ 1,032,170 $ 9,405 $ 848 An allowance for loan losses (“ALL”) is maintained to absorb losses from the loan portfolio. The ALL is based on management’s continuing evaluation of the risk characteristics and credit quality of the loan portfolio, assessment of current economic conditions, diversification and size of the portfolio, adequacy of collateral, past and anticipated loss experience, and the amount of non-performing loans. Interest income on loans would have increased by approximately $396 thousand , $639 thousand and $221 thousand for 2016 , 2015 and 2014 , respectively, if loans had performed in accordance with their terms. The Bank’s methodology for determining the ALL is based on the requirements of ASC Section 310-10-35 for loans individually evaluated for impairment (discussed above) and ASC Subtopic 450-20 for loans collectively evaluated for impairment, as well as the Interagency Policy Statements on the Allowance for Loan and Lease Losses and other bank regulatory guidance. The total of the two components represents the Bank’s ALL. Loans that are collectively evaluated for impairment are analyzed with general allowances being made as appropriate. For general allowances, historical loss trends are used in the estimation of losses in the current portfolio. These historical loss amounts are modified by qualified factors. The segments described above, which are based on the Federal call code assigned to each loan, provide the starting point for the ALL analysis. Company and bank management tracks the historical net charge-off activity at the call code level. A historical charge-off factor is calculated utilizing a defined number of consecutive historical quarters. All pools currently utilize a rolling 12 quarters. “Pass” rated credits are segregated from “Criticized” credits for the application of qualitative factors. Loans in the criticized pools, which possess certain qualities or characteristics that may lead to collection and loss issues, are closely monitored by management and subject to additional qualitative factors. Company and Bank management have identified a number of additional qualitative factors which it uses to supplement the historical charge-off factor because these factors are likely to cause estimated credit losses associated with the existing loan pools to differ from historical loss experience. The additional factors that are evaluated quarterly and updated using information obtained from internal, regulatory, and governmental sources are: national and local economic trends and conditions; levels of and trends in delinquency rates and non-accrual loans; trends in volume and terms of loans; effects of changes in lending policies; experience, ability, and depth of lending staff; value of underlying collateral; and concentrations of credit from a loan type, industry and/or geographic standpoint. The combination of historical charge-off and qualitative factors are then weighted for each risk grade. These weightings are determined internally based upon the likelihood of loss as a loan risk grading deteriorates. To estimate the liability for off-balance sheet credit exposures, Bank management analyzed the portfolios of letters of credit, non-revolving lines of credit, and revolving lines of credit, and based its calculation on the expectation of future advances of each loan category. Letters of credit were determined to be highly unlikely to advance since they are generally in place only to ensure various forms of performance of the borrowers. In the Bank’s history, there have been no letters of credit drawn upon. In addition, many of the letters of credit are cash secured and do not warrant an allocation. Non-revolving lines of credit were determined to be highly likely to advance as these are typically construction lines. Meanwhile, the likelihood of revolving lines of credit advancing varies with each individual borrower. Therefore, the future usage of each line was estimated based on the average line utilization of the revolving line of credit portfolio as a whole. Once the estimated future advances were calculated, an allocation rate, which was derived from the Bank’s historical losses and qualitative environmental factors, was applied in the similar manner as those used for the allowance for loan loss calculation. The resulting estimated loss allocations were totaled to determine the liability for unfunded commitments related to these loans, which Management considers necessary to anticipate potential losses on those commitments that have a reasonable probability of funding. The liability for unfunded commitments was $284 thousand and $224 thousand respectively as of December 31, 2016 and 2015 . Bank management reviews the loan portfolio on a quarterly basis using a defined, consistently applied process in order to make appropriate and timely adjustments to the ALL. When information confirms all or part of specific loans to be uncollectible, these amounts are promptly charged off against the ALL. The following tables summarize the primary segments of the ALL, segregated into the amount required for loans individually evaluated for impairment and the amount required for loans collectively evaluated for impairment as of December 31, 2016 , 2015 , and 2014 . Activity in the allowance is presented for the periods indicated: (Dollars in thousands) Commercial Residential Home Equity Consumer Total ALL balance at December 31, 2015 $ 6,066 $ 1,095 $ 715 $ 130 $ 8,006 Charge-offs (1,995 ) (124 ) (100 ) (338 ) (2,557 ) Recoveries 9 2 9 1 21 Provision 3,101 17 104 409 3,631 ALL balance at December 31, 2016 $ 7,181 $ 990 $ 728 $ 202 $ 9,101 Individually evaluated for impairment $ 376 $ 122 $ 36 $ 9 $ 543 Collectively evaluated for impairment $ 6,805 $ 868 $ 692 $ 193 $ 8,558 (Dollars in thousands) Commercial Residential Home Equity Consumer Total ALL balance at December 31, 2014 $ 4,363 $ 962 $ 691 $ 207 $ 6,223 Charge-offs (708 ) (28 ) (5 ) (6 ) (747 ) Recoveries 20 2 4 11 37 Provision 2,391 159 25 (82 ) 2,493 ALL balance at December 31, 2015 $ 6,066 $ 1,095 $ 715 $ 130 $ 8,006 Individually evaluated for impairment $ 708 $ 276 $ 28 $ 1 $ 1,013 Collectively evaluated for impairment $ 5,358 $ 819 $ 687 $ 129 $ 6,993 (Dollars in thousands) Commercial Residential Home Equity Consumer Total ALL balance at December 31, 2013 $ 3,609 $ 519 $ 554 $ 253 $ 4,935 Charge-offs (1,110 ) (130 ) — (68 ) (1,308 ) Recoveries 7 — 3 4 14 Provision 1,857 573 134 18 2,582 ALL balance at December 31, 2014 $ 4,363 $ 962 $ 691 $ 207 $ 6,223 Individually evaluated for impairment $ 362 $ 298 $ 28 $ 2 $ 690 Collectively evaluated for impairment $ 4,001 $ 664 $ 663 $ 205 $ 5,533 During December 2013, the Bank purchased $74.3 million in performing commercial real estate secured loans in the northern Virginia area. At the time of acquisition, none of these loans were considered impaired. They were acquired at a premium of roughly 1.024 or $1.8 million , which is being amortized in accordance with ASC 310-20. These loans are collectively evaluated for impairment under ASC 450. The loans continue to be individually monitored for payoff activity, and any necessary adjustments to the premium are made accordingly. At December 31, 2016 and 2015 , these balances totaled $20.5 million and $46.8 million , respectively. Of the $53.8 million decrease since originally purchased, MVB refinanced $19.6 million and sold participations totaling $10.5 million and sold $9.7 million back to the institution from which the loans were originally purchased in December 2013 . The remainder of the decrease was the result of $6.2 million in loan amortization and $7.8 million in principal paydowns and/or loan payoffs. The weighted average yield on the remaining portfolio is 5.57% . The allowance for loan losses is based on estimates, and actual losses will vary from current estimates. Management believes that the granularity of the homogeneous pools and the related historical loss ratios and other qualitative factors, as well as the consistency in the application of assumptions, result in an ALL that is representative of the risk found in the components of the portfolio at any given date. Troubled Debt Restructurings The restructuring of a loan is considered a troubled debt restructuring (“TDR”) if both (i) the borrower is experiencing financial difficulties and (ii) the creditor has granted a concession. Concessions may include interest rate reductions or below market interest rates, principal forgiveness, restructuring amortization schedules and other actions intended to minimize potential losses. At December 31, 2016 and 2015 , the Bank had specific reserve allocations for TDR’s of $348 thousand and $672 thousand , respectively. Loans considered to be troubled debt restructured loans totaled $8.8 million and $9.3 million as of December 31, 2016 and December 31, 2015 , respectively. Of these totals, $5.9 million and $6.1 million , respectively, represent accruing troubled debt restructured loans and represent 49% and 40% , respectively of total impaired loans. Meanwhile, $2.3 million and $2.5 million , respectively, represent three loans to two borrowers that have defaulted under the restructured terms. All three loans are commercial acquisition and development loans that were considered TDR's due to extended interest only periods and/or unsatisfactory repayment structures once transitioned to principal and interest payments. These borrowers have experienced continued financial difficulty and are considered non-performing loans as of December 31, 2016 and December 31, 2015 . Two additional restructured loans, a $214 thousand commercial real estate loan and a $348 thousand mortgage loan, are considered non-performing as of December 31, 2016 . Both of these were also considered TDR's due to interest only periods and/or unsatisfactory repayment structures. The following table presents details related to loans identified as Troubled Debt Restructurings during the years ended December 31, 2016 and 2015 . New TDR's 1 December 31, 2016 December 31, 2015 (Dollars in thousands) Number of Contracts Pre-Modification Outstanding Recorded Investment Post-Modification Outstanding Recorded Investment Number of Contracts Pre-Modification Outstanding Recorded Investment Post-Modification Outstanding Recorded Investment Commercial Commercial Business — $ — $ — — $ — $ — Commercial Real Estate — — — 1 1,076 1,076 Acquisition & Development — — — — — — Total Commercial — — — 1 1,076 1,076 Residential — — — 1 90 90 Home Equity — — — — — — Consumer — — — — — — Total — $ — $ — 2 $ 1,166 $ 1,166 1 The pre-modification and post-modification balances represent the balances outstanding immediately before and after modification of the loan.

PREMISES AND EQUIPMENT

PREMISES AND EQUIPMENT	12 Months Ended
	Dec. 31, 2016
Property, Plant and Equipment [Abstract]
PREMISES AND EQUIPMENT	PREMISES AND EQUIPMENT Premises and equipment at December 31, were as follows: (Dollars in thousands) 2016 2015 Land $ 3,965 $ 3,965 Buildings and improvements 16,906 16,389 Furniture, fixtures and equipment 12,127 10,980 Construction in progress 608 1,375 Leasehold improvements 1,345 1,678 34,951 34,387 Accumulated depreciation (9,870 ) (8,112 ) Net premises and equipment $ 25,081 $ 26,275 During 2014 , the Bank completed construction of a new facility in Kanawha County, West Virginia and a new facility in the West Virginia High Technology Park in Fairmont, Marion County, West Virginia. Depreciation expense amounted to $2.0 million , $2.0 million and $1.2 million for 2016 , 2015 and 2014 , respectively.

DEPOSITS

DEPOSITS	12 Months Ended
	Dec. 31, 2016
Deposits [Abstract]
DEPOSITS	DEPOSITS Deposits at December 31, were as follows: (Dollars in thousands) 2016 2015 Demand deposits of individuals, partnerships, and corporations Noninterest bearing demand $ 115,692 $ 80,423 Interest bearing demand 414,031 473,459 Savings and money markets 280,533 128,622 Time deposits including CDs and IRAs 296,761 329,810 Total deposits $ 1,107,017 $ 1,012,314 Time deposits that meet or exceed the FDIC insurance limit $ 18,727 $ 21,690 Maturities of time deposits at December 31, 2016 were as follows (Dollars in thousands): 2017 $ 145,152 2018 74,349 2019 28,480 2020 38,513 2021 10,267 Total $ 296,761

BORROWED FUNDS

BORROWED FUNDS	12 Months Ended
	Dec. 31, 2016
Debt Disclosure [Abstract]
BORROWED FUNDS	BORROWED FUNDS The Bank is a member of the Federal Home Loan Bank (“FHLB”) of Pittsburgh, Pennsylvania. The remaining maximum borrowing capacity with the FHLB at December 31, 2016 was approximately $326.9 million . At December 31, 2016 and 2015 the Bank had borrowed $90.9 million and $183.2 million . Short-term borrowings Along with traditional deposits, the Bank has access to short-term borrowings from FHLB to fund its operations and investments. Short-term borrowings from FHLB totaled $87.7 million at December 31, 2016 , compared to $179.9 million at year-end 2015 . Information related to short-term borrowings is summarized as follows: (Dollars in thousands) 2016 2015 2014 Balance at end of year $ 87,733 $ 179,917 $ 95,829 Average balance during the year 137,822 121,425 76,185 Maximum month-end balance 210,600 179,917 120,229 Weighted-average rate during the year 0.51 % 0.34 % 0.27 % Weighted-average rate at December 31 0.74 % 0.44 % 0.32 % Repurchase agreements Along with traditional deposits, the Bank has access to securities sold under agreements to repurchase “repurchase agreements” with customers represent funds deposited by customers, on an overnight basis, that are collateralized by investment securities owned by the Company. Repurchase agreements with customers are included in borrowings section on the consolidated balance sheets. All repurchase agreements are subject to terms and conditions of repurchase/security agreements between the Company and the client and are accounted for as secured borrowings. The Company's repurchase agreements reflected in liabilities consist of customer accounts and securities which are pledged on an individual security basis. The Company monitors the fair value of the underlying securities on a monthly basis. Repurchase agreements are reflected at the amount of cash received in connection with the transaction and included in Securities sold under agreements to repurchase on the consolidated balance sheets. The primary risk with our repurchase agreements is market risk associated with the investments securing the transactions, as we may be required to provide additional collateral based on fair value changes of the underlying investments. Securities pledged as collateral under repurchase agreements are maintained with our safekeeping agents. All of the Company’s repurchase agreements were overnight agreements at December 31, 2016 and December 31, 2015 . These borrowings were collateralized with investment securities with a carrying value of $26.0 million and $28.3 million at December 31, 2016 and December 31, 2015 , respectively, and were comprised of U.S. Government Agencies and Mortgage backed securities. Declines in the value of the collateral would require the Company to increase the amounts of securities pledged. Repurchase agreements totaled $25.2 million at December 31, 2016 , compared to $27.4 million in 2015 . Information related to repurchase agreements is summarized as follows: (Dollars in thousands) 2016 2015 2014 Balance at end of year $ 25,160 $ 27,437 $ 32,673 Average balance during the year 27,066 26,884 55,731 Maximum month-end balance 29,561 32,470 83,781 Weighted-average rate during the year 0.27 % 0.31 % 0.52 % Weighted-average rate at December 31 0.28 % 0.30 % 0.35 % Long-term notes from the FHLB as of December 31, were as follows: (Dollars in thousands) 2016 2015 Fixed interest rate notes, originating between April 2002 and December 2007, due between July 2016 and April 2022, interest of between 4.50% and 5.90% payable monthly $ 2,390 $ 2,461 Amortizing fixed interest rate note, originating February 2007, due February 2022, payable in monthly installments of $5 thousand, including interest of 5.22% 798 820 $ 3,188 $ 3,281 Subordinated Debt Information related to subordinated debt is summarized as follows: (Dollars in thousands) 2016 2015 2014 Balance at end of year $ 33,524 $ 33,524 $ 33,524 Average balance during the year 33,524 33,524 19,361 Maximum month-end balance 33,524 33,524 33,524 Weighted-average rate during the year 6.64 % 6.57 % 6.01 % Weighted-average rate at December 31 6.63 % 6.57 % 6.53 % In March 2007 , the Company completed the private placement of $4 million Floating Rate, Trust Preferred Securities through its MVB Financial Statutory Trust I subsidiary (the “Trust”). The Company established the Trust for the sole purpose of issuing the Trust Preferred Securities pursuant to an Amended and Restated Declaration of Trust. The proceeds from the sale of the Trust Preferred Securities will be loaned to the Company under subordinated Debentures (the “Debentures”) issued to the Trust pursuant to an Indenture. The Debentures are the only asset of the Trust. The Trust Preferred Securities have been issued to a pooling vehicle that will use the distributions on the Trust Preferred Securities to securitize note obligations. The securities issued by the Trust are includable for regulatory purposes as a component of the Company’s Tier 1 capital. The Trust Preferred Securities and the Debentures mature in 2037 and have been redeemable by the Company since 2012 . Interest payments are due in March, June, September and December and are adjusted at the interest due dates at a rate of 1.62% over the three-month LIBOR Rate. The obligations of the Company with respect to the issuance of the trust preferred securities constitute a full and unconditional guarantee by the Company of the Trust's obligations with respect to the trust preferred securities to the extent set forth in the related guarantees. On June 30, 2014 , the Company issued its Convertible Subordinated Promissory Notes Due 2024 (the “Notes”) to various investors in the aggregate principal amount of $29,400,000 . The Notes were issued in $100,000 increments per Note subject to a minimum investment of $1,000,000 . The Notes expire 10 years after the initial issuance date of the Notes (the “Maturity Date”). Interest on the Notes accrues on the unpaid principal amount of each Note (paid quarterly in arrears on January 1, April 1, July 1 and October 1 of each year) which rate shall be dependent upon the principal invested in the Notes and the holder’s ownership of common stock in the Company. For investments of less than $3,000,000 in Notes, an ownership of Company common stock representing at least 30% of the principal of the Notes acquired, the interest rate on the Notes is 7% per annum. For investments of $3,000,000 or greater in Notes and ownership of the Company’s common stock representing at least 30% of the principal of the Notes acquired, the interest rate on the Notes is 7.5% per annum. For investments of $10,000,000 or greater, the interest rate on the Notes is 7% per annum, regardless of whether the holder owns or acquires MVB common stock. The principal on the Notes shall be paid in full at the Maturity Date. On the fifth anniversary of the issuance of the Notes, a holder may elect to continue to receive the stated fixed rate on the Notes or a floating rate determined by LIBOR plus 5% up to a maximum rate of 9% , adjusted quarterly. The Notes are unsecured and subject to the terms and conditions of any senior debt and after consultation with the Board of Governors of the Federal Reserve System, the Company may, after the Notes have been outstanding for five years , and without premium or penalty, prepay all or a portion of the unpaid principal amount of any Note together with the unpaid interest accrued on such portion of the principal amount of such Note. All such prepayments shall be made pro rata among the holders of all outstanding Notes. At the election of a holder, any or all of the Notes may be converted into shares of common stock during the 30 day period after the first, second, third, fourth, and fifth anniversaries of the issuance of the Notes or upon a notice to prepay by the Company. The Notes will convert into common stock based on $16 per share of the Company’s common stock. The conversion price will be subject to anti-dilution adjustments for certain events such as stock splits, reclassifications, non-cash distributions, extraordinary cash dividends, pro rata repurchases of common stock, and business combination transactions. The Company must give 20 days ’ notice to the holders of the Company’s intent to prepay the Notes, so that holders may execute the conversion right set forth above if a holder so desires. Repayment of the Notes is subordinated to the Company’s outstanding senior debt including (if any) without limitation, senior secured loans. No payment will be made by the Company, directly or indirectly, on the Notes, unless and until all of the senior debt then due has been paid in full. Notwithstanding the foregoing, so long as there exists no event of default under any senior debt, the Company would make, and a holder would receive and retain for the holder’s account, regularly scheduled payments of accrued interest and principal pursuant to the terms of the Notes. The Company must obtain a consent of the holders of the Notes prior to issuing any new senior debt in excess of $15,000,000 after the date of issuance of the Notes and prior to the Maturity Date. An event of default will occur upon the Company’s bankruptcy or any failure to pay interest, principal, or other amounts owing on the Notes when due. Upon the occurrence and during the continuance of an event of default (but subject to the subordination provisions of the Notes) the holders of a majority of the outstanding principal amount of the Notes may declare all or any portion of the outstanding principal amount of the Notes due and payable and demand immediate payment of such amount. The Notes are redeemable, in whole or in part, at a redemption price equal to 100% of the principal amount of the Notes to be redeemed on any interest payment date after a date five years from the original issue date. The Company reflects subordinated debt in the amount of $33.5 million and $33.5 million as of December 31, 2016 and December 31, 2015 and interest expense of $2.2 million , $2.2 million and $1.1 million for the years ended December 31, 2016 , 2015 and 2014 . A summary of maturities of borrowings and subordinated debt over the next five years is as follows (dollars in thousands): Year Amount 2017 88,348 2018 81 2019 85 2020 90 2021 886 Thereafter 34,955 $ 124,445

COMMITMENTS AND CONTINGENT LIAB

COMMITMENTS AND CONTINGENT LIABILITIES	12 Months Ended
	Dec. 31, 2016
Commitments and Contingencies Disclosure [Abstract]
COMMITMENTS AND CONTINGENT LIABILITIES	COMMITMENTS AND CONTINGENT LIABILITIES Commitments The Company is a party to financial instruments with off-balance-sheet risk in the normal course of business to meet the financing needs of its customers. These financial instruments include commitments to extend credit and standby letters of credit. These instruments involve, to varying degrees, elements of credit and interest rate risk in excess of the amounts recognized in the statements of financial condition. The Company’s exposure to credit loss in the event of nonperformance by the other party to the financial instruments for commitments to extend credit and standby letters of credit is represented by the contractual amount of those instruments. The Company uses the same credit policies in making commitments and conditional obligations as it does for on-balance-sheet instruments. Commitments to extend credit are agreements to lend to a customer as long as there is no violation of any condition established in the contract. Commitments generally have fixed expiration dates or other termination clauses and may require payment of a fee. Since many of the commitments are expected to expire without being drawn upon, the total commitment amounts do not necessarily represent future cash requirements. The Company evaluates each customer’s credit worthiness on a case-by-case basis. The amount and type of collateral obtained, if deemed necessary by the Company upon extension of credit, varies and is based on management’s credit evaluation of the customer. Standby letters of credit are conditional commitments issued by the Company to guarantee the performance of a customer to a third party. Standby letters of credit generally have fixed expiration dates or other termination clauses and may require payment of a fee. The credit risk involved in issuing letters of credit is essentially the same as that involved in extending loans to customers. The Company’s policy for obtaining collateral, and the nature of such collateral, is essentially the same as that involved in making commitments to extend credit. Specifically, the Bank has entered into agreements to extend credit or provide conditional payments pursuant to standby and commercial letters of credit. In addition, the Bank utilizes letters of credit issued by the FHLB to collateralize certain public funds deposits. Total contractual amounts of the commitments as of December 31, were as follows: (Dollars in thousands) 2016 2015 Available on lines of credit $ 255,469 $ 252,543 Stand-by letters of credit 13,387 7,793 Other loan commitments 1,819 1,568 $ 270,675 $ 261,904 Concentration of Credit Risk The Company grants a majority of its commercial, financial, agricultural, real estate and installment loans to customers throughout the Marion, Harrison, Monongalia, Kanawha, Jefferson and Berkeley County areas of West Virginia as well as the Northern Virginia area and adjacent counties. Collateral for loans is primarily residential and commercial real estate, personal property, and business equipment. The Company evaluates the credit worthiness of each of its customers on a case-by-case basis, and the amount of collateral it obtains is based upon management’s credit evaluation. Regulatory The Company is required to maintain certain reserve balances on hand in accordance with the Federal Reserve Board requirements. The average balance maintained in accordance with such requirements was $0 and $17.0 million on December 31, 2016 and 2015 , respectively. During 2016, a deposit reclassification program was implemented and allowed the Company to reduce its requirement of reserve balances on hand in accordance with the Federal Reserve Board the daily Federal Reserve Requirement. Contingent Liability The subsidiary bank is involved in various legal actions arising in the ordinary course of business. In the opinion of management and counsel, the outcome of these matters will not have a significant adverse effect on the consolidated financial statements.

INCOME TAXES

INCOME TAXES	12 Months Ended
	Dec. 31, 2016
Income Tax Disclosure [Abstract]
INCOME TAXES	INCOME TAXES The amount reflected as income taxes represents federal and state income taxes on financial statement income. Certain items of income and expense, primarily the provision for possible loan losses, allowance for losses on foreclosed assets held for resale, depreciation, and accretion of discounts on investment securities are reported in different accounting periods for income tax purposes. The provisions for income taxes for the years ended December 31, were as follows: (Dollars in thousands) 2016 2015 2014 Current: Federal $ 4,885 $ 2,830 $ 862 State 1,197 591 124 $ 6,082 $ 3,421 $ 986 Deferred expense (benefit) Federal $ 665 $ (371 ) $ (1,017 ) State 42 (24 ) (65 ) 707 (395 ) (1,082 ) Income tax expense (benefit) $ 6,789 $ 3,026 $ (96 ) Following is a reconciliation of income taxes at federal statutory rates to recorded income taxes for the year ended December 31 : 2016 2015 2014 (Dollars in thousands) Amount % Amount % Amount % Tax at Federal tax rate $ 6,689 34 % $ 3,346 34 % $ 674 34 % Tax effect of: State income tax 1,197 6.0 % 246 2.5 % 50 2.5 % Tax exempt earnings (1,097 ) (5.5 )% (566 ) (5.8 )% (820 ) (41.3 )% $ 6,789 34.5 % $ 3,026 30.7 % $ (96 ) (4.8 )% Deferred tax assets and liabilities are the result of timing differences in recognition of revenue and expense for income tax and financial statement purposes. Deferred income tax assets and (liabilities) were comprised of the following at December 31 : (Dollars in thousands) 2016 2015 Allowance for loan losses $ 2,641 $ 2,904 Minimum pension liability 1,786 1,713 Unrealized loss on securities available-for-sale 1,066 242 Gross deferred tax assets 5,493 4,859 Depreciation (1,352 ) (883 ) Pension (6 ) (43 ) Goodwill (465 ) (452 ) Gross deferred tax liabilities (1,823 ) (1,378 ) Net deferred tax asset $ 3,670 $ 3,481 No deferred income tax valuation allowance is provided since it is more likely than not that realization of the deferred income tax asset will occur in future years. The Company prescribes a recognition threshold and a measurement attribute for the financial statement recognition and measurement of a tax position taken or expected to be taken in a tax return. Benefits from tax positions should be recognized in the financial statements only when it is more likely than not that the tax position will be sustained upon examination by the appropriate taxing authority that would have full knowledge of all relevant information. A tax position that meets the more-likely-than-not recognition threshold is measured at the largest amount of benefit that is greater than 50 percent likely of being realized upon ultimate settlement. Tax positions that previously failed to meet the more-likely-than-not recognition threshold should be recognized in the first subsequent financial reporting period in which that threshold is met. Previously recognized tax positions that no longer meet the more-likely-than-not recognition threshold should be derecognized in the first subsequent financial reporting period in which that threshold is no longer met. There is currently no liability for uncertain tax positions and no known unrecognized tax benefits. With limited exception, the Company’s federal and state income tax returns for taxable years through 2012 have been closed for purposes of examination by the federal and state taxing jurisdictions.

RELATED PARTY TRANSACTIONS

RELATED PARTY TRANSACTIONS	12 Months Ended
	Dec. 31, 2016
Related Party Transactions [Abstract]
RELATED PARTY TRANSACTIONS	RELATED PARTY TRANSACTIONS The Company has granted loans to officers and directors of the Company and to their associates as well as loans to related companies. These related party loans are made on substantially the same terms, including interest rates and collateral, as those prevailing at the time for comparable transactions with unrelated parties and do not involve more than normal risk of collectability. Set forth below is a summary of the related loan activity. (Dollars in thousands) Balance at Beginning of Year Borrowings Executive Officer and Director Retirements Repayments Balance at End of Year December 31, 2016 $ 42,840 $ 251,708 $ (7,194 ) $ (258,818 ) $ 28,536 December 31, 2015 $ 39,083 $ 357,230 $ — $ (353,473 ) $ 42,840 The Company held related party deposits of $34.7 million and $16.9 million at December 31, 2016 and December 31, 2015 , respectively. The Company held no related party repurchase agreements at December 31, 2016 and December 31, 2015 .

PENSION PLAN

PENSION PLAN	12 Months Ended
	Dec. 31, 2016
Compensation and Retirement Disclosure [Abstract]
PENSION PLAN	PENSION PLAN The Company participates in a trusteed pension plan known as the Allegheny Group Retirement Plan covering virtually all full-time employees. Benefits are based on years of service and the employee's compensation. Accruals under the Plan were frozen as of May 31, 2014 . Freezing the plan resulted in a re-measurement of the pension obligations and plan assets as of the freeze date. The pension obligation was re-measured using the discount rate based on the Citigroup Above Median Pension Discount Curve in effect on May 31, 2014 of 4.46% . Pension expense was $273 thousand , $256 thousand and $469 thousand in 2016 , 2015 and 2014 , respectively. Information pertaining to the activity in the Company’s defined benefit plan, using the latest available actuarial valuations with a measurement date of December 31, 2016 and 2015 is as follows: (Dollars in thousands) 2016 2015 Change in benefit obligation Benefit obligation at beginning of year $ 8,662 $ 8,173 Service cost — — Interest cost 367 315 Actuarial loss 4 276 Assumption changes 179 97 Curtailment impact — — Benefits paid (191 ) (199 ) Benefit obligation at end of year $ 9,021 $ 8,662 Change in plan assets: Fair value of plan assets at beginning of year $ 4,486 $ 4,471 Actual return on plan assets 96 (124 ) Employer contribution 182 338 Benefits paid (191 ) (199 ) Fair value of plan assets at end of year $ 4,573 $ 4,486 Funded status $ (4,448 ) $ (4,176 ) Unrecognized net actuarial loss 4,464 4,283 Unrecognized prior service cost — — Prepaid pension cost recognized $ 16 $ 107 Accumulated benefit obligation $ 9,021 $ 8,662 At December 31, 2016 , 2015 and 2014 , the weighted average assumptions used to determine the benefit obligation are as follows: 2016 2015 2014 Discount rate 4.05 % 4.30 % 3.90 % Rate of compensation increase n/a n/a n/a The components of net periodic pension cost are as follows: (Dollars in thousands) 2016 2015 2014 Service cost $ — $ — $ 346 Interest cost 367 315 306 Expected return on plan assets (330 ) (316 ) (319 ) Amortization of prior service costs — — — Amortization of net actuarial loss 236 257 136 Net periodic pension cost $ 273 $ 256 $ 469 For the years December 31, 2016 , 2015 and 2014 , the weighted average assumptions used to determine net periodic pension cost are as follows: 2016 2015 2014 Discount rate 4.30 % 3.90 % 4.86 % Expected long-term rate of return on plan assets 6.75 % 6.75 % 7.50 % Rate of compensation increase n/a n/a n/a The Company’s pension plan asset allocations at December 31, 2016 and 2015 , as well as target allocations for 2016 are as follows: 12/31/2016 12/31/2015 Plan Assets Cash 16 % 10 % Fixed income 28 % 20 % Alternative investments 9 % 19 % Domestic equities 28 % 32 % Foreign equities 19 % 19 % Total 100 % 100 % The estimated net loss (gain) for the plan that are expected to be amortized from accumulated other comprehensive income into net periodic benefit cost over the next fiscal year is $241 thousand . The following table sets forth by level, within the fair value hierarchy, as defined in Note 18, "Fair Value Measurements" of the Notes to the Consolidated Financial Statements included in Item 8, Financial Statements and Supplementary Data, of this Annual Report on Form 10-K, the Plan’s assets at fair value as of December 31, 2016 . (Dollars in thousands) Level I Level II Level III Total Assets: Cash $ 732 $ — $ — $ 732 Fixed income 1,280 — — 1,280 Alternative investments — — 412 412 Domestic equities 1,280 — — 1,280 Foreign equities 869 — — 869 Total assets at fair value $ 4,161 $ — $ 412 $ 4,573 The following table sets forth by level, within the fair value hierarchy, as defined in Note 18, "Fair Value Measurements" of the Notes to the Consolidated Financial Statements included in Item 8, Financial Statements and Supplementary Data, of this Annual Report on Form 10-K, the Plan’s assets at fair value as of December 31, 2015 . (Dollars in thousands) Level I Level II Level III Total Assets: Cash $ 449 $ — $ — $ 449 Fixed income 897 — — 897 Alternative investments — — 852 852 Domestic equities 1,436 — — 1,436 Foreign equities 852 — — 852 Total assets at fair value $ 3,634 $ — $ 852 $ 4,486 Investment in government securities and short-term investments are valued at the closing price reported on the active market on which the individual securities are traded. Alternative investments and investment in debt securities are valued at quoted prices which are available but traded less frequently, and items that are fair valued using other financial instruments, the parameters of which can be directly observed. The methods described above may produce a fair value calculation that may not be indicative of net realizable value or reflective of future fair values. Furthermore, while the Plan believes its valuation methods are appropriate and consistent with other market participants, the use of different methodologies or assumptions to determine the fair value of certain financial instruments could result in a different fair value measurement at the reporting date. Below we show the best estimate of the plan contribution for next fiscal year. We also show the benefits expected to be paid in each of the next five fiscal years, and in the aggregate for the five fiscal years thereafter. (Dollars in thousands) Cash Flow Contributions for the period of 01/01/17 through 12/31/17 $ 319 Estimated future benefit payments reflecting expected future service 2017 $ 252 2018 $ 260 2019 $ 280 2020 $ 298 2021 $ 307 2022 through 2026 $ 2,104

GOODWILL AND OTHER INTANGIBLE A

GOODWILL AND OTHER INTANGIBLE ASSETS	12 Months Ended
	Dec. 31, 2016
Goodwill and Intangible Assets Disclosure [Abstract]
GOODWILL AND OTHER INTANGIBLE ASSETS	GOODWILL AND OTHER INTANGIBLE ASSETS The table below summarizes the changes in carrying amounts of goodwill and other intangibles (core deposit intangibles) for the periods presented: Core Deposit Intangible (Dollars in thousands) Goodwill Gross Accumulated Depreciation Net Balance at January 1, 2016 $ 18,480 $ 1,006 $ (161 ) $ 845 Amortization expense — — (101 ) (101 ) Balance at December 31, 2016 $ 18,480 $ 1,006 $ (262 ) $ 744 Balance at January 1, 2015 $ 17,779 $ 128 $ (127 ) $ 1 Goodwill and core deposit intangible resulting from branch acquisition 701 878 — 878 Amortization expense — — (34 ) (34 ) Balance at December 31, 2015 $ 18,480 $ 1,006 $ (161 ) $ 845 Balance at January 1, 2014 $ 17,779 $ 128 $ (123 ) $ 5 Amortization expense — — (4 ) (4 ) Balance at December 31, 2014 $ 17,779 $ 128 $ (127 ) $ 1 Goodwill represents the excess of the purchase price over the fair value of acquired net assets under the acquisition method of accounting. The value of the acquired core deposit relationships was determined using the present value of the difference between a market participant’s cost of obtaining alternative funds and the cost to maintain the acquired deposit base. The core deposit intangibles are being amortized over a ten -year period using an accelerated method. Goodwill in the amount of $701 thousand and core deposit intangibles in the amount of $878 thousand resulted from the branch acquisitions as discussed in Note 22, "Mergers and Acquisitions" of the Notes to the Consolidated Financial Statements included in Item 8, Financial Statements and Supplementary Data, of this Annual Report on Form 10-K. The table below presents estimated amortization expense for the Company’s other intangible assets (dollars in thousands): 2017 $ 98 2018 96 2019 93 2020 90 2021 87 Thereafter 280 $ 744 The Company’s assessment of qualitative factors determined that it is not more likely than not that the fair value of each reporting unit is less than its carrying amount and therefore, goodwill is not impaired as of December 31, 2016 and 2015 . The Company has not identified any triggering events since the impairment evaluation that would indicate potential impairment. Core deposit intangibles are evaluated for impairment if events and circumstances indicate a potential for impairment. Such an evaluation of other intangible assets is based on undiscounted cash flow projections. No impairment charges were recorded for other intangible assets in any of the periods presented.

STOCK OFFERING

STOCK OFFERING	12 Months Ended
	Dec. 31, 2016
Stockholders' Equity Note [Abstract]
STOCK OFFERING	STOCK OFFERING On December 5, 2016, the Company entered into Securities Purchase Agreements with certain accredited investors. Pursuant to the Purchase Agreements, the Investors agreed to purchase an aggregate of 1,913,044 shares of the Company’s common stock, par value $1.00 per share, at a price of $11.50 per share, as part of a private placement (the “Private Placement”). The Private Placement closed on December 6, 2016. The gross proceeds to the Company from the Private Placement were approximately $22 million or $20.5 million after stock issuance costs. The proceeds from the Private Placement were used by the Company to pay related transaction fees and expenses and for general corporate purposes. A portion of the proceeds were used for the redemption of the preferred stock issued to the United States Department of Treasury in connection with the Company’s participation in the Small Business Lending Fund, as discussed in Note 25, "Subsequent Events" of the Notes to the Consolidated Financial Statements included in Item 8, Financial Statements and Supplementary Data, of this Annual Report on Form 10-K. The Purchase Agreements contain representations and warranties and covenants of the Company and the Investors that are customary in private placement transactions. The provisions of the Purchase Agreements also include an agreement by the Company to indemnify the Investors against certain liabilities. The Purchase Agreements required the Company to file a registration statement with the Securities and Exchange Commission (the “SEC”) to register for resale the 1,913,044 shares of common stock issued to the Investors in the Private Placement. The registration statement was declared effective by the SEC on December 27, 2016. On June 30, 2014 , the Company filed Certificates of Designations for its Convertible Noncumulative Perpetual Preferred Stock, Series B (“Class B Preferred”) and its Convertible Noncumulative Perpetual Preferred Stock, Series C (“Class C Preferred”). The Class B Preferred Certificate designated 400 shares of preferred stock as Class B Preferred shares. The Class B Preferred shares carry an annual dividend rate of 6% and are convertible into shares of Company common stock within thirty days after the first, second, third, fourth and fifth anniversaries of the original issue date, based on a common stock price of $16 per share, as adjusted for future corporate activities. The Class B Preferred shares are redeemable by the Company on or after the fifth anniversary of the original issue date for Liquidation Amount, as defined therein, plus declared and unpaid dividends. Redemption is subject to any necessary regulatory approvals. In the event of liquidation of the Company, shares of Class B Preferred stock shall be junior to creditors of the Company and to the shares of Senior Noncumulative Perpetual Preferred Stock, Series A. Holders of Class B Preferred shares shall have no voting rights, except for authorization of senior shares of stock, amendment to the Class B Preferred shares, share exchanges, reclassifications or changes of control, or as required by law. The Class C Preferred Certificate designated 383.4 shares of preferred stock as Class C Preferred shares. The Class C Preferred shares carry an annual dividend rate of 6.5% and are convertible into shares of Company common stock within 30 days after the first, second, third, fourth and fifth anniversaries of the original issue date, based on a common stock price of $16 per share, as adjusted for future corporate activities. The Class C Preferred shares are redeemable by the Company on or after the fifth anniversary of the original issue date for Liquidation Amount, as defined therein, plus declared and unpaid dividends. Redemption is subject to any necessary regulatory approvals. In the event of liquidation of the Company, shares of Class C Preferred stock shall be junior to creditors of the Company and to the shares of Senior Noncumulative Perpetual Preferred Stock, Series A and the Class B Preferred shares. Holders of Class C Preferred shares shall have no voting rights, except for authorization of senior shares of stock, amendment to the Class C Preferred shares, share exchanges, reclassifications or changes of control, or as required by law. The proceeds of these preferred stock offerings will be used to support continued growth of the Company and its subsidiary. On September 8, 2011 MVB received $8.5 million in Small Business Lending Fund (SBLF) capital. MVB issued 8,500 shares of $1,000 per share preferred stock with dividends payable in arrears on January 1, April 1, July 1 and October 1 each year. MVB's loan production qualified for the lowest dividend rate possible of 1% . MVB may continue to utilize the SBLF capital through March 8, 2016 at the 1% dividend rate. After that time, if the SBLF is not retired, the dividend rate increases to 9% . On January 5, 2017, the Company redeemed all of the 8,500 shares of its Senior Non-Cumulative Perpetual Preferred Stock, Series A, liquidation amount $1,000 per share (“Series A Preferred Stock”), that had been issued to the United States Department of the Treasury, on September 8, 2011, pursuant to the SBLF (see Note 25, "Subsequent Events" of the Notes to the Consolidated Financial Statements included in Item 8, Financial Statements and Supplementary Data, of this Annual Report on Form 10-K.)

STOCK OPTIONS

STOCK OPTIONS	12 Months Ended
	Dec. 31, 2016
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
STOCK OPTIONS	STOCK OPTIONS The MVB Financial Corp. Incentive Stock Plan (the "Plan") provides for the issuance of stock options to selected employees. Under the provisions of the plan, the option price per share shall not be less than the fair market value of the common stock on the date of the grant. These options also expire 10 years from the date of the grant. With the exception of 22,000 shares granted in 2010 that vest in 3 years and expire 10 years from the date of grant, all options granted vest in 5 years and expire 10 years from the date of the grant. As of December 31, 2016 , the Plan had 2.2 million shares authorized and 400,825 shares remaining available for issuance. Total compensation expense recorded on stock options during 2016 , 2015 and 2014 was $568 thousand , $413 thousand and $321 thousand , respectively. Proceeds from stock options exercised were $32 thousand , $(448) thousand and $63 thousand during 2016 , 2015 and 2014 respectively. During both 2016 and 2015, certain options were exercised in cashless transactions. Shares were forfeited related to exercise price and tax withholdings and the Company paid tax authorities amounts due resulting in a net cash outflow. The following summarizes MVB’s stock options as of and for the year ended December 31, 2016 , and the changes for the year then ended: 2016 2015 Number of Shares Weighted Average Exercise Price Number of Shares Weighted Average Exercise Price Outstanding at beginning of year 1,190,295 $ 13.15 1,355,905 $ 12.21 Granted 432,000 12.72 45,500 14.80 Exercised (55,000 ) 9.02 (204,670 ) 7.31 Forfeited/expired (67,500 ) 14.59 (6,440 ) 13.33 Outstanding at end of year 1,499,795 $ 13.11 1,190,295 $ 13.15 Exercisable at end of year 768,598 $ 12.75 542,499 $ 11.82 Weighted-average fair value of options granted during 2016 $ 2.98 Weighted-average fair value of options granted during 2015 $ 2.72 Weighted-average fair value of options granted during 2014 $ 3.05 The intrinsic value of options exercised during 2016 , 2015 and 2014 was $108 thousand , $1.6 million and $37 thousand , respectively. The fair value for the options was estimated at the date of grant using a Black-Scholes option-pricing model with average risk-free interest rates of 1.31% , 2.16% and 2.65% for 2016 , 2015 and 2014 , respectively, and a weighted average expected life of the options of 7 years for all three years. The expected volatility of MVB’s stock price used for 2016 options was 19.07% , while for the 2015 options it was 13.90% and 2014 options it was 10.23% . The expected dividend yield used was 0.43% for 2016 and 0.51% for both 2015 and 2014 . The following summarizes information related to the total outstanding and exercisable options at December 31, 2016 : Options Outstanding Options Exercisable Total Options Weighted-Average Exercise Price Intrinsic Value Weighted-Average Remaining Life Total Options Weighted-Average Exercise Price Intrinsic Value Weighted-Average Remaining Life 1,499,795 $ 13.11 (465,921 ) 6.03 768,598 $ 12.75 37,711 4.35

REGULATORY CAPITAL REQUIREMENTS

REGULATORY CAPITAL REQUIREMENTS	12 Months Ended
	Dec. 31, 2016
Banking and Thrift [Abstract]
REGULATORY CAPITAL REQUIREMENTS	REGULATORY CAPITAL REQUIREMENTS The Company and the Bank are subject to various regulatory capital requirements administered by the 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’s consolidated financial statements. Under capital adequacy guidelines the Company must meet specific capital guidelines that involve quantitative measures of the Company’s assets, liabilities, and certain off-balance sheet items as calculated under regulatory accounting practices. The Company’s capital amounts and classifications are also subject to qualitative judgments by the regulators about components, risk weightings, and other factors. Capital adequacy guidelines have recently changed as a result of the Dodd-Frank Act and a separate, international capital initiative known as “Basel III.” Regulators have issued rules implementing these requirements (“Revised Capital Rules”). Among other things, the Revised Capital Rules raise the minimum thresholds for required capital and revise certain aspects of the definitions and elements of the capital that can be used to satisfy these required minimum thresholds. While the rules became effective on January 1, 2014 for certain large banking organizations, most banking organizations, including MVB Financial Corp and the Bank, were required to begin complying with these new requirements on January 1, 2015 . Quantitative measures established by regulation to ensure capital adequacy require the Company to maintain minimum amounts and ratios of Total capital, Tier 1 capital and Tier 1 common equity to risk-weighted assets, and of Tier 1 capital to average assets, as defined. As of December 31, 2016 and 2015 , the Company meets all capital adequacy requirements to which it is subject. The most recent notification from the Federal Deposit Insurance Corporation categorized the Bank as well capitalized under the regulatory framework for prompt corrective action. To be categorized as well capitalized, the Bank must maintain minimum total risk-based, Tier 1 risk-based, Tier 1 common equity risk-based and Tier 1 leverage ratios as set forth in the table below. Both the Company’s and the Bank’s actual capital amounts and ratios are presented in the table below. Actual Minimum to be Well Capitalized Minimum for Capital Adequacy Purposes (Dollars in thousands) Amount Ratio Amount Ratio Amount Ratio As of December 31, 2016 Total Capital (to risk-weighted assets) Consolidated $ 174,093 15.4 % n/a n/a $ 90,699 8.0 % Subsidiary Bank $ 163,394 14.5 % $ 113,027 10.0 % $ 90,422 8.0 % Tier 1 Capital (to risk-weighted assets) Consolidated $ 135,100 11.9 % n/a n/a $ 68,025 6.0 % Subsidiary Bank $ 153,737 13.6 % $ 90,422 8.0 % $ 67,816 6.0 % Common Equity Tier 1 Capital (to risk-weighted assets) Consolidated $ 114,642 10.1 % n/a n/a $ 51,018 4.5 % Subsidiary Bank $ 153,737 13.6 % $ 73,468 6.5 % $ 50,862 4.5 % Tier 1 Capital (to average assets) Consolidated $ 135,100 9.5 % n/a n/a $ 56,655 4.0 % Subsidiary Bank $ 153,737 10.9 % $ 70,651 5.0 % $ 56,521 4.0 % As of December 31, 2015 Total Capital (to risk-weighted assets) Consolidated $ 140,376 12.9 % n/a n/a $ 86,997 8.0 % Subsidiary Bank $ 132,013 12.2 % $ 108,318 10.0 % $ 86,654 8.0 % Tier 1 Capital (to risk-weighted assets) Consolidated $ 102,952 9.5 % n/a n/a $ 65,248 6.0 % Subsidiary Bank $ 123,989 11.5 % $ 86,654 8.0 % $ 64,991 6.0 % Common Equity Tier 1 Capital (to risk-weighted assets) Consolidated $ 82,494 7.6 % n/a n/a $ 48,936 4.5 % Subsidiary Bank $ 123,989 11.5 % $ 70,407 6.5 % $ 48,743 4.5 % Tier 1 Capital (to average assets) Consolidated $ 102,952 7.8 % n/a n/a $ 53,019 4.0 % Subsidiary Bank $ 123,989 9.5 % $ 65,238 5.0 % $ 52,191 4.0 %

REGULATORY RESTRICTION ON DIVID

REGULATORY RESTRICTION ON DIVIDEND	12 Months Ended
	Dec. 31, 2016
Disclosure of Restrictions on Dividends, Loans and Advances Disclosure [Abstract]
REGULATORY RESTRICTION ON DIVIDEND	REGULATORY RESTRICTION ON DIVIDEND The approval of the regulatory agencies is required if the total of all dividends declared by the Bank in any calendar year exceeds the Bank’s net profits, as defined, for that year combined with its retained net profits for the preceding two calendar years.

LEASES

LEASES	12 Months Ended
	Dec. 31, 2016
Leases [Abstract]
LEASES	LEASES The Company leases land and building space for the operation of some banking offices. All such leases qualify as operating leases. Following is a schedule by year of future minimum lease payments required under operating leases that have initial or remaining non-cancelable lease terms in excess of one year as of December 31, 2016 : (Dollars in thousands) Years ended December 31: 2017 $ 1,898 2018 1,561 2019 965 2020 842 2021 869 Thereafter 5,001 Total minimum payments required: $ 11,136 Total rent expense for the years ended December 31, 2016 , 2015 and 2014 was $1.7 million , $1.8 million and $1.7 million , respectively.

FAIR VALUE OF FINANCIAL INSTRUM

FAIR VALUE OF FINANCIAL INSTRUMENTS	12 Months Ended
	Dec. 31, 2016
Fair Value Disclosures [Abstract]
FAIR VALUE OF FINANCIAL INSTRUMENTS	FAIR VALUE OF FINANCIAL INSTRUMENTS The following summarizes the methods and significant assumptions used by the Company in estimating its fair value disclosures for financial instruments. Level I: Quoted prices are available in active markets for identical assets or liabilities as of the reported date. Level II: Pricing inputs are other than quoted prices in active markets, which are either directly or indirectly observable as of the reported date. The nature of these assets and liabilities include items for which quoted prices are available but traded less frequently, and items that are fair valued using other financial instruments, the parameters of which can be directly observed. Level III: Assets and liabilities that have little to no pricing observability as of the reported date. These items do not have two-way markets and are measured using management’s best estimate of fair value, where the inputs into the determination of fair value require significant management judgment or estimation. Estimated fair values have been determined by the Company using historical data, as generally provided in the Company’s regulatory reports, and an estimation methodology suitable for each category of financial instruments. The Company’s fair value estimates, methods and assumptions are set forth below for the Company’s other financial instruments. Cash and cash equivalents: The carrying amounts for cash and cash equivalents approximate fair value because they have original maturities of 90 days or less and do not present unanticipated credit concerns. Certificates of deposits: The fair values for certificates of deposits are computed based on scheduled future cash flows of principal and interest, discounted at interest rates currently offered for certificates of deposits with similar terms of investors. No prepayments of principal are assumed. Securities: Fair values of securities are based on quoted market prices, where available. If quoted market prices are not available, estimated fair values are based on quoted market prices of comparable securities. Loans held for sale: Loans held for sale are reported at fair value. These loans currently consist of one-to-four-family residential loans originated for sale in the secondary market. Fair value is based on committed market rates or the price secondary markets are currently offering for similar loans using observable market data. (Level II) Loans: The fair values for loans are computed based on scheduled future cash flows of principal and interest, discounted at interest rates currently offered for loans with similar terms of borrowers of similar credit quality. No prepayments of principal are assumed. Mortgage servicing rights: The carrying value of mortgage servicing rights approximates their fair value. Interest rate lock commitment: For mortgage interest rate locks, the fair value is based on either (i) the price of the underlying loans obtained from an investor for loans that will be delivered on a best efforts basis or (ii) the observable price for individual loans traded in the secondary market for loans that will be delivered on a mandatory basis less (iii) expected costs to deliver the interest rate locks, any expected “pull through rate” is multiplied by this calculation to estimate the derivative value. Mortgage-backed security hedges: MBS hedges are used to mitigate interest rate risk for residential mortgage loans held for sale and interest rate locks and manage expected funding percentages. These instruments are considered derivatives and are recorded at fair value based on observable market data of the individual mortgage-backed securities. Interest rate cap: The fair value of the interest rate cap is determined at the end of each quarter by using Bloomberg Finance which values the interest rate cap using observable inputs from forward and futures yield curves as well as standard market volatility. Interest rate swap: Interest rate swaps are recorded at fair value based on third party vendors who compile prices from various sources and may determine fair value of identical or similar instruments by using pricing models that consider observable market data. Accrued interest receivable and payable and repurchase agreements: The carrying values of accrued interest receivable and payable approximate their fair values. Deposits: The fair values of demand deposits (i.e., noninterest bearing checking, NOW and money market), savings accounts and other variable rate deposits approximate their carrying values. Fair values of fixed maturity deposits are estimated using a discounted cash flow methodology at rates currently offered for deposits with similar remaining maturities. Any intangible value of long-term relationships with depositors is not considered in estimating the fair values disclosed. FHLB and other borrowings: The fair values for loans are computed based on scheduled future cash flows of principal and interest, discounted at interest rates currently offered for loans with similar terms of borrowers of similar credit quality. No prepayments of principal are assumed. Subordinated debt: The fair values for debt are computed based on scheduled future cash flows of principal and interest, discounted at interest rates currently offered for debt with similar terms of borrowers of similar credit quality. No prepayments of principal are assumed. Off-balance sheet instruments: The fair values of commitments to extend credit and standby letters of credit are estimated using the fees currently charged to enter into similar agreements, taking into account the remaining terms of agreements and the present credit standing of the counterparties. The amounts of fees currently charged on commitments and standby letters of credit are deemed insignificant, and therefore, the estimated fair values and carrying values are not shown. The carrying values and estimated fair values of the Company’s financial instruments are summarized as follows: Fair Value Measurements at: (Dollars in thousands) Carrying Value Estimated Fair Value Quoted Prices in Active Markets for Identical Assets (Level I) Significant Other Observable Inputs (Level II) Significant Unobservable Inputs (Level III) December 31, 2016 Financial assets: Cash and cash equivalents $ 17,340 $ 17,340 $ 17,340 $ — $ — Certificates of deposits with other banks 14,527 14,985 — 14,985 — Securities available-for-sale 162,368 162,368 — 162,368 — Loans held for sale 90,174 90,174 — 90,174 — Loans, net 1,043,764 1,035,437 — — 1,035,437 Mortgage servicing rights 190 190 — — 190 Interest rate lock commitment 1,546 1,546 — — 1,546 Mortgage-backed security hedges 372 372 — 372 — Interest rate swap 250 250 — 250 — Interest rate cap 268 268 — 268 — Accrued interest receivable 3,951 3,951 — 1,002 2,949 Financial liabilities: Deposits $ 1,107,017 $ 1,116,174 $ — $ 1,116,174 $ — Repurchase agreements 25,160 25,160 — 25,160 — FHLB and other borrowings 90,921 90,919 — 90,919 — Interest rate swap 250 250 — 250 — Accrued interest payable 741 741 — 741 — Subordinated debt 33,524 32,275 — 32,275 — December 31, 2015 Financial assets: Cash and cash equivalents $ 29,133 $ 29,133 $ 29,133 $ — $ — Certificates of deposits with other banks 13,150 13,270 — 13,270 — Securities available-for-sale 70,256 70,256 — 70,256 — Securities held-to-maturity 52,859 54,470 — 54,470 — Loans held for sale 102,623 102,623 — 102,623 — Loans, net 1,024,164 1,034,832 — — 1,034,832 Mortgage servicing rights 956 956 — — 956 Interest rate lock commitment 1,537 1,537 — — 1,537 Interest rate swap 405 405 — 405 — Interest rate cap 437 437 — 437 — Accrued interest receivable 3,356 3,356 — 723 2,633 Financial liabilities: Deposits $ 1,012,314 $ 1,015,521 $ — $ 1,015,521 $ — Repurchase agreements 27,437 27,437 — 27,437 — FHLB and other borrowings 183,198 183,211 — 183,211 — Mortgage-backed security hedges 19 19 — 19 — Interest rate swap 405 405 — 405 — Accrued interest payable 474 474 — 474 — Subordinated debt 33,524 32,172 — 32,172 — Fair value estimates are made at a specific point in time, based on relevant market information about the financial instrument. These estimates do not reflect any premium or discount that could result from offering for sale at one time the Company’s entire holdings of a particular financial instrument. Because no market exists for a significant portion of the Company’s financial instruments, fair value estimates are based on judgments regarding future expected loss experience, current economic conditions, risk characteristics of various financial instruments and other factors. These estimates are subjective in nature and involve uncertainties and matters of significant judgment and therefore, cannot be determined with precision. Changes in assumptions could significantly affect the estimates. Fair value estimates are based on existing on-and-off balance sheet financial instruments without attempting to estimate the value of anticipated future business and the value of assets and liabilities that are not considered financial instruments.

FAIR VALUE MEASUREMENTS

FAIR VALUE MEASUREMENTS	12 Months Ended
	Dec. 31, 2016
Fair Value Disclosures [Abstract]
FAIR VALUE MEASUREMENTS	FAIR VALUE MEASUREMENTS Accounting standards require that the Company adopt fair value measurement for financial assets and financial liabilities. This enhanced guidance for using fair value to measure assets and liabilities applies whenever other standards require or permit assets or liabilities to be measured at fair value. This guidance does not expand the use of fair value in any new circumstances. Accounting standards establish a hierarchal disclosure framework associated with the level of pricing observability utilized in measuring assets and liabilities at fair value. The three broad levels defined by these standards are as follows: Level I: Quoted prices are available in active markets for identical assets or liabilities as of the reported date. Level II: Pricing inputs are other than quoted prices in active markets, which are either directly or indirectly observable as of the reported date. The nature of these assets and liabilities include items for which quoted prices are available but traded less frequently, and items that are fair valued using other financial instruments, the parameters of which can be directly observed. Level III: Assets and liabilities that have little to no pricing observability as of the reported date. These items do not have two-way markets and are measured using management’s best estimate of fair value, where the inputs into the determination of fair value require significant management judgment or estimation. Assets Measured on a Recurring Basis As required by accounting standards, financial assets and liabilities are classified in their entirety based on the lowest level of input that is significant to the fair value measurement. The Company classified investments in government securities as Level II instruments and valued them using the market approach. The following measurements are made on a recurring basis. • Available-for-sale investment securities — Available-for-sale investment securities are recorded at fair value on a recurring basis. Fair value measurement is based upon quoted prices, if available. If quoted prices are not available, fair values are measured using independent pricing models or other model-based valuation techniques such as the present value of future cash flows, adjusted for the security's credit rating, prepayment assumptions and other factors such as credit loss assumptions. Level I securities include those traded on an active exchange, such as the New York Stock Exchange, U.S. Treasury securities that are traded by dealers or brokers in active over-the-counter markets and money market funds. Level II securities include mortgage-backed securities issued by government sponsored entities and private label entities, municipal bonds and corporate debt securities. There have been no changes in valuation techniques for the year ended December 31, 2016 . Valuation techniques are consistent with techniques used in prior periods. • Loans held for sale — The fair value of mortgage loans held for sale is determined, when possible, using quoted secondary-market prices or investor commitments. If no such quoted price exists, the fair value of a loan is determined using quoted prices for a similar asset or assets, adjusted for the specific attributes of that loan, which would be used by other market participants. • Interest rate lock commitment — The Company estimates the fair value of interest rate lock commitments based on the value of the underlying mortgage loan, quoted mortgage-backed security prices and estimates of the fair value of the mortgage servicing rights and the probability that the mortgage loan will fund within the terms of the interest rate lock commitments. • Mortgage-backed security hedges — MBS hedges are considered derivatives and are recorded at fair value based on observable market data of the individual mortgage-backed security. • Interest rate cap — The fair value of the interest rate cap is determined at the end of each quarter by using Bloomberg Finance which values the interest rate cap using observable inputs from forward and futures yield curves as well as standard market volatility. • Interest rate swap — Interest rate swaps are recorded at fair value based on third party vendors who compile prices from various sources and may determine fair value of identical or similar instruments by using pricing models that consider observable market data. The following tables present the assets reported on the consolidated statements of financial condition at their fair value on a recurring basis as of December 31, 2016 and 2015 by level within the fair value hierarchy. Financial assets and liabilities are classified in their entirety based on the lowest level of input that is significant to the fair value measurement. December 31, 2016 (Dollars in thousands) Level I Level II Level III Total Assets: U.S. Government Agency securities $ — $ 28,816 $ — $ 28,816 U.S. Sponsored Mortgage backed securities — 54,732 — 54,732 Municipal securities — 70,796 — 70,796 Equity and other securities — 8,024 — 8,024 Loans held for sale — 90,174 — 90,174 Interest rate lock commitment — — 1,546 1,546 Mortgage-backed security hedges — 372 — 372 Interest rate swap — 250 — 250 Interest rate cap — 268 — 268 Liabilities: Interest rate swap — 250 — 250 December 31, 2015 (Dollars in thousands) Level I Level II Level III Total Assets: U.S. Government Agency securities $ — $ 29,351 $ — $ 29,351 U.S. Sponsored Mortgage backed securities — 33,714 — 33,714 Municipal securities — 1,798 — 1,798 Equity and other securities — 5,393 — 5,393 Loans held for sale — 102,623 — 102,623 Interest rate lock commitment — — 1,537 1,537 Interest rate swap — 405 — 405 Interest rate cap — 437 — 437 Liabilities: Interest rate swap — 405 — 405 Mortgage-backed security hedges — 19 — 19 The following table represents recurring level III assets: Interest Rate Lock Commitments December 31, 2016 December 31, 2015 (Dollars in thousands) Balance, beginning of period $ 1,537 $ 1,020 Realized and unrealized gains included in earnings 9 517 Balance, end of period $ 1,546 $ 1,537 Assets Measured on a Nonrecurring Basis The Company may be required, from time to time, to measure certain financial assets, financial liabilities, non-financial assets and non-financial liabilities at fair value on a nonrecurring basis in accordance with U.S. generally accepted accounting principles. These include assets that are measured at the lower of cost or market value that were recognized at fair value below cost at the end of the period. Certain non-financial assets measured at fair value on a non-recurring basis include foreclosed assets (upon initial recognition or subsequent impairment), non-financial assets and non-financial liabilities measured at fair value in the second step of a goodwill impairment test, and intangible assets and other non-financial long-lived assets measured at fair value for impairment assessment. Non-financial assets measured at fair value on a nonrecurring basis during 2016 and 2015 include certain foreclosed assets which, upon initial recognition, were remeasured and reported at fair value through a charge-off to the allowance for possible loan losses and certain foreclosed assets which, subsequent to their initial recognition, were remeasured at fair value through a write-down included in other noninterest expense. • Impaired Loans — Loans for which it is probable that payment of interest and principal will not be made in accordance with the contractual terms of the loan agreement are considered impaired. Once a loan is identified as individually impaired, management measures impairment using one of several methods, including collateral value, liquidation value and discounted cash flows. Those impaired loans not requiring an allowance represent loans for which the fair value of the expected repayments or collateral exceed the recorded investments in such loans. Collateral values are estimated using Level II inputs based on observable market data or Level III inputs based on customized discounting criteria. For a majority of impaired real estate related loans, the Company obtains a current external appraisal. Other valuation techniques are used as well, including internal valuations, comparable property analysis and contractual sales information. • Other Real Estate owned — Other real estate owned, which is obtained through the Bank’s foreclosure process is valued utilizing the appraised collateral value. Collateral values are estimated using Level II inputs based on observable market data or Level III inputs based on customized discounting criteria. At the time, the foreclosure is completed, the Company obtains a current external appraisal. Assets measured at fair value on a nonrecurring basis as of December 31, 2016 and 2015 are included in the table below: (Dollars in thousands) December 31, 2016 Level I Level II Level III Total Impaired loans $ — $ — $ 11,609 $ 11,609 Other real estate owned — — 414 414 (Dollars in thousands) December 31, 2015 Level I Level II Level III Total Impaired loans $ — $ — $ 14,362 $ 14,362 Other real estate owned — — 239 239 The following tables presents quantitative information about the Level III significant unobservable inputs for assets and liabilities measured at fair value at December 31, 2016 and 2015 . Quantitative Information about Level III Fair Value Measurements (Dollars in thousands) Fair Value Valuation Technique Unobservable Input Range December 31, 2016 Nonrecurring measurements: Impaired loans $ 11,609 Appraisal of collateral 1 Appraisal adjustments 2 20% - 62% Liquidation expense 2 5% - 10% Other real estate owned $ 414 Appraisal of collateral 1 Appraisal adjustments 2 20% - 30% Liquidation expense 2 5% - 10% Recurring measurements: Interest rate lock commitments $ 1,546 Pricing model Pull through rates 73% - 85% Quantitative Information about Level III Fair Value Measurements (Dollars in thousands) Fair Value Valuation Technique Unobservable Input Range December 31, 2015 Nonrecurring measurements: Impaired loans $ 14,362 Appraisal of collateral 1 Appraisal adjustments 2 20% - 62% Liquidation expense 2 5% - 10% Other real estate owned $ 239 Appraisal of collateral 1 Appraisal adjustments 2 20% - 30% Liquidation expense 2 5% - 10% Recurring measurements: Interest rate lock commitments $ 1,537 Pricing model Pull through rates 76% - 85% 1 Fair value is generally determined through independent appraisals of the underlying collateral, which generally include various level III inputs which are not identifiable. 2 Appraisals may be adjusted by management for qualitative factors such as economic conditions and estimated liquidation expenses. The range and weighted average of liquidation expenses and other appraisal adjustments are presented as a percent of the appraisal.

COMPREHENSIVE INCOME

COMPREHENSIVE INCOME	12 Months Ended
	Dec. 31, 2016
Comprehensive Income (Loss), Net of Tax, Attributable to Parent [Abstract]
COMPREHENSIVE INCOME	COMPREHENSIVE INCOME The following tables present the components of accumulated other comprehensive income (“AOCI”) for the years ended December 31 : (Dollars in thousands) 2016 2015 2014 Details about AOCI Components Amount Reclassified from AOCI Amount Reclassified from AOCI Amount Reclassified from AOCI Affected line item in the Statement where Net Income is presented Available-for-sale securities Unrealized holding gains $ 1,082 $ 130 $ 413 Gain on sale of securities 1,082 130 413 Total before tax (433 ) (52 ) (165 ) Income tax expense 649 78 248 Net of tax Defined benefit pension plan items Amortization of net actuarial loss (236 ) (257 ) (136 ) Salaries and benefits (236 ) (257 ) (136 ) Total before tax 94 103 54 Income tax expense (142 ) (154 ) (82 ) Net of tax Total reclassifications $ 507 $ (76 ) $ 166 (Dollars in thousands) Unrealized gains (losses) on available for-sale securities Defined benefit pension plan items Total Balance at January 1, 2016 $ (363 ) $ (2,570 ) $ (2,933 ) Other comprehensive loss before reclassification (586 ) (251 ) (837 ) Amounts reclassified from AOCI (649 ) 142 (507 ) Net current period OCI (1,235 ) (109 ) (1,344 ) Balance at December 31, 2016 $ (1,598 ) $ (2,679 ) $ (4,277 ) Balance at January 1, 2015 $ (406 ) $ (2,236 ) $ (2,642 ) Other comprehensive loss before reclassification 121 (488 ) (367 ) Amounts reclassified from AOCI (78 ) 154 76 Net current period OCI 43 (334 ) (291 ) Balance at December 31, 2015 $ (363 ) $ (2,570 ) $ (2,933 )

CONDENSED FINANCIAL STATEMENTS

CONDENSED FINANCIAL STATEMENTS OF PARENT COMPANY	12 Months Ended
	Dec. 31, 2016
Condensed Financial Information of Parent Company Only Disclosure [Abstract]
CONDENSED FINANCIAL STATEMENTS OF PARENT COMPANY	CONDENSED FINANCIAL STATEMENTS OF PARENT COMPANY Information relative to the parent company’s condensed balance sheets at December 31, 2016 and 2015 , and the related condensed statements of income and cash flows for the years ended December 31, 2016 , 2015 and 2014 are presented below: Condensed Balance Sheets December 31, (Dollars in thousands) 2016 2015 Assets Cash $ 7,699 $ 3,440 Investment in subsidiaries 168,325 142,057 Other assets 4,316 3,012 Total assets $ 180,340 $ 148,509 Liabilities and stockholders’ equity Other liabilities $ 1,191 $ 273 Long-term debt 33,524 33,524 Total liabilities 34,715 33,797 Total stockholders’ equity 145,625 114,712 Total liabilities and stockholders’ equity $ 180,340 $ 148,509 Condensed Statements of Income Year ended December 31, (Dollars in thousands) 2016 2015 2014 Income - dividends from bank subsidiary $ 9,241 $ 7,744 $ 7,471 Expenses - operating 11,307 8,988 7,331 Income (loss) before income taxes and undistributed earnings - continuing operations (2,066 ) (1,244 ) 140 Income tax (benefit) - continuing operations (2,072 ) (1,597 ) (992 ) Income after tax from continuing operations 6 353 1,132 Income before income taxes and undistributed earnings - discontinued operations 6,926 — — Income tax - discontinued operations 2,629 — — Income after tax from discontinued operations 4,297 — — Equity in undistributed income earnings of subsidiaries 8,609 6,463 947 Net Income $ 12,912 $ 6,816 $ 2,079 Preferred dividends $ 1,128 $ 575 $ 332 Net Income available to common shareholders $ 11,784 $ 6,241 $ 1,747 Condensed Statements of Cash Flows (Dollars in thousands) 2016 2015 2014 OPERATING ACTIVITIES Net Income $ 12,912 $ 6,816 $ 2,079 Equity in undistributed earnings of subsidiaries (8,609 ) (6,463 ) (947 ) (Decrease) in other assets (612 ) (529 ) (1,778 ) Decrease (increase) in other liabilities 920 (261 ) 436 Stock option expense 568 413 321 Net cash provided by (used in) operating activities 5,179 (24 ) 111 INVESTING ACTIVITIES Investment in subsidiary (19,697 ) (400 ) (37,042 ) Net cash used in investing activities (19,697 ) (400 ) (37,042 ) FINANCING ACTIVITIES Proceeds of stock offering 20,519 — 5,588 Dividend reinvestment plan — — 180 Proceeds from subordinated debt — — 29,400 Preferred stock issuance — — 7,834 Common stock options exercised 32 (448 ) 63 Cash dividends paid on common stock (646 ) (641 ) (636 ) Cash dividends paid on preferred stock (1,128 ) (575 ) (332 ) Net cash provided by (used in) financing activities 18,777 (1,664 ) 42,097 Increase (decrease) in cash 4,259 (2,088 ) 5,166 Cash at beginning of period 3,440 5,528 362 Cash at end of period $ 7,699 $ 3,440 $ 5,528

SEGMENT REPORTING

SEGMENT REPORTING	12 Months Ended
	Dec. 31, 2016
Segment Reporting [Abstract]
SEGMENT REPORTING	SEGMENT REPORTING The Company has identified three reportable segments: commercial and retail banking; mortgage banking; and financial holding company. Insurance services was previously identified as a reportable segment until entering into an Asset Purchase Agreement, as discussed below and in Note 23, "Discontinued Operations" of the Notes to the Consolidated Financial Statements included in Item 8, Financial Statements and Supplementary Data, of this Annual Report on Form 10-K. Revenue from commercial and retail banking activities consists primarily of interest earned on loans and investment securities and service charges on deposit accounts. Revenue from financial holding company activities is mainly comprised of intercompany service income and dividends. Revenue from the mortgage banking activities is comprised of interest earned on loans and fees received as a result of the mortgage origination process. The mortgage banking services are conducted by MVB Mortgage. Revenue from insurance services is comprised mainly of commissions on the sale of insurance products. On June 30, 2016 , the Company entered into an Asset Purchase Agreement with USI Insurance Services (“USI”), in which USI purchased substantially all of the assets and assumed certain liabilities of MVB Insurance, which resulted in a pre-tax gain of $6.9 million , as discussed in Note 23, "Discontinued Operations" of the Notes to the Consolidated Financial Statements included in Item 8, Financial Statements and Supplementary Data, of this Annual Report on Form 10-K. MVB Insurance retained the assets related to, and continues to operate, its title insurance business. The title insurance business is immaterial in terms of revenue and the Company has reorganized MVB Insurance as a subsidiary of the Bank. Information about the reportable segments and reconciliation to the consolidated financial statements for the years ended December 31, 2016 , 2015 , and 2014 are as follows: 2016 (Dollars in thousands) Commercial & Retail Banking Mortgage Banking Financial Holding Company Insurance Intercompany Eliminations Consolidated Revenues: Interest income $ 50,413 $ 4,285 $ 3 $ — $ (578 ) $ 54,123 Mortgage fee income (252 ) 36,960 — — (1,035 ) 35,673 Insurance and investment services income 420 — — — — 420 Other income 5,485 1,674 5,247 — (5,294 ) 7,112 Total operating income 56,066 42,919 5,250 — (6,907 ) 97,328 Expenses: Interest expense 8,437 2,082 2,226 — (1,613 ) 11,132 Salaries and employee benefits 11,592 27,696 5,937 — — 45,225 Provision for loan losses 3,632 — — — — 3,632 Other expense 18,009 8,125 3,144 — (5,294 ) 23,984 Total operating expenses 41,670 37,903 11,307 — (6,907 ) 83,973 Income (loss) from continuing operations, before income taxes 14,396 5,016 (6,057 ) — — 13,355 Income tax expense (benefit) - continuing operations 4,496 1,954 (2,072 ) — — 4,378 Net income (loss) from continuing operations 9,900 3,062 (3,985 ) — — 8,977 Income (loss) from discontinued operations — — 6,926 (580 ) — 6,346 Income tax expense (benefit) - discontinued operations $ — $ — $ 2,629 $ (218 ) $ — $ 2,411 Net income (loss) from discontinued operations $ — $ — $ 4,297 $ (362 ) $ — $ 3,935 Net income (loss) $ 9,900 $ 3,062 $ 312 $ (362 ) $ — $ 12,912 Preferred stock dividends — — 1,128 — — 1,128 Net income (loss) available to common shareholders 9,900 3,062 (816 ) (362 ) — 11,784 Capital Expenditures for the year ended December 31, 2016 $ 1,145 $ 220 $ 303 $ — $ — $ 1,668 Total Assets as of December 31, 2016 1,415,735 122,242 180,340 — (299,513 ) 1,418,804 Goodwill as of December 31, 2016 1,598 16,882 — — — 18,480 2015 (Dollars in thousands) Commercial & Retail Banking Mortgage Banking Financial Holding Company Insurance Intercompany Eliminations Consolidated Revenues: Interest income $ 40,524 $ 3,882 $ 2 $ — $ (308 ) $ 44,100 Mortgage fee income 7 30,560 — — (1,095 ) 29,472 Insurance and investment services income 338 — — — — 338 Other income 3,721 1,673 4,331 — (4,580 ) 5,145 Total operating income 44,590 36,115 4,333 — (5,983 ) 79,055 Expenses: Interest expense 6,776 1,647 2,204 — (1,402 ) 9,225 Salaries and employee benefits 11,049 20,774 4,250 — — 36,073 Provision for loan losses 2,493 — — — — 2,493 Other expense 16,132 7,471 2,534 — (4,362 ) 21,775 Total operating expenses 36,450 29,892 8,988 — (5,764 ) 69,566 Income (loss) from continuing operations, before income taxes 8,140 6,223 (4,655 ) — (219 ) 9,489 Income tax expense (benefit) - continuing operations 2,176 2,394 (1,597 ) — (87 ) 2,886 Net income (loss) from continuing operations 5,964 3,829 (3,058 ) — (132 ) 6,603 Income (loss) from discontinued operations — — — 134 219 353 Income tax expense (benefit) - discontinued operations $ — $ — $ — $ 53 $ 87 $ 140 Net income (loss) from discontinued operations $ — $ — $ — $ 81 $ 132 $ 213 Net income (loss) $ 5,964 $ 3,829 $ (3,058 ) $ 81 $ — $ 6,816 Preferred stock dividends — — 575 — — 575 Net income (loss) available to common shareholders 5,964 3,829 (3,633 ) 81 — 6,241 Capital Expenditures for the year ended December 31, 2015 $ 1,174 $ 354 $ 616 $ 9 $ — $ 2,153 Total Assets as of December 31, 2015 1,378,988 125,227 148,509 5,017 (273,265 ) 1,384,476 Goodwill as of December 31, 2015 1,598 16,882 — — — 18,480 2014 (Dollars in thousands) Commercial & Retail Banking Mortgage Banking Financial Holding Company Insurance Intercompany Eliminations Consolidated Revenues: Interest income $ 33,175 $ 2,645 $ 2 $ — $ 346 $ 36,168 Mortgage fee income 64 18,691 — — (1,198 ) 17,557 Insurance and investment services income 328 — — — — 328 Other income 4,458 (2 ) 4,357 — (4,676 ) 4,137 Total operating income 38,025 21,334 4,359 — (5,528 ) 58,190 Expenses: Interest expense 5,663 1,063 1,703 — (918 ) 7,511 Salaries and employee benefits 9,629 14,487 3,658 — — 27,774 Provision for loan losses 2,582 — — — — 2,582 Other expense 13,994 5,990 1,970 — (4,534 ) 17,420 Total operating expenses 31,868 21,540 7,331 — (5,452 ) 55,287 Income (loss) from continuing operations, before income taxes 6,157 (206 ) (2,972 ) — (76 ) 2,903 Income tax expense (benefit) - continuing operations 1,326 (57 ) (993 ) — (28 ) 248 Net income (loss) from continuing operations 4,831 (149 ) (1,979 ) — (48 ) 2,655 Income (loss) from discontinued operations — — — (996 ) 76 (920 ) Income tax expense (benefit) - discontinued operations $ — $ — $ — $ (372 ) $ 28 $ (344 ) Net income (loss) from discontinued operations $ — $ — $ — $ (624 ) $ 48 $ (576 ) Net income (loss) $ 4,831 $ (149 ) $ (1,979 ) $ (624 ) $ — $ 2,079 Preferred stock dividends — — 332 — — 332 Net income (loss) available to common shareholders 4,831 (149 ) (2,311 ) (624 ) — 1,747 Capital Expenditures for the year ended December 31, 2014 $ 9,072 $ 333 $ 40 $ 353 $ — $ 9,798 Total Assets as of December 31, 2014 1,048,101 101,791 146,137 4,031 (189,601 ) 1,110,459 Goodwill as of December 31, 2014 897 16,882 — — — 17,779 Commercial & Retail Banking For the year ended December 31, 2016 , the Commercial & Retail Banking segment earned $9.9 million compared to $6.0 million in 2015 . Net interest income increased by $8.2 million , primarily the result of average loan balances increasing by $179.0 million . Noninterest income increased by $1.6 million , mainly the result of the following: $818 thousand improvement in performance of the interest rate cap, $882 thousand increase in gain on sale of securities, $133 thousand increase in other operating income, and $199 thousand increase in Visa debit card and interchange income, which was offset by $371 thousand decrease in gain on sale of portfolio loans and $259 thousand decrease in mortgage fee income. Noninterest expense increased by $2.4 million , primarily the result of the following: $543 thousand increase in salaries and employee benefits expense, $494 thousand increase in occupancy and equipment expense, and $832 thousand increase in data processing and communications expense, which was offset by $776 thousand decrease in professional fees. In addition, provision expense increased by $1.1 million . Mortgage Banking For the year ended December 31, 2016 , the Mortgage Banking segment earned $3.1 million compared to $3.8 million in 2015 . Net interest income decreased $32 thousand , noninterest income increased by $6.4 million and noninterest expense increased by $7.6 million . The $6.4 million increase in noninterest income was all related to mortgage fee income and was offset by the $7.6 million increase in noninterest expense. The increase in noninterest expense was primarily the result of the following: $6.9 million increase in salaries and employee benefits expense, which was primarily due to a 26.4% increase in origination volume as well as a $1.8 million increase in the earn out paid to management of the mortgage company related to the 2012 acquisition. Other items that impacted noninterest expense were as follows: $197 thousand increase in mortgage processing expense, $98 thousand increase in data processing and communications expense, $117 thousand in occupancy and equipment expense, $133 thousand increase in travel, entertainment, dues, and subscriptions expense, and $134 thousand in other operating expense, of which an increase of $55 thousand was related to loan expenses, which was offset by a $115 thousand decrease in marketing expense. Financial Holding Company Excluding discontinued operations, for the year ended December 31, 2016 , the Financial Holding Company segment lost $4.0 million compared to a loss of $3.1 million in 2015 . Interest expense increased $22 thousand , noninterest income increased $916 thousand and noninterest expense increased $2.3 million . In addition, the income tax benefit increased $475 thousand . The increase in noninterest expense was primarily due to a $1.7 million increase in salaries and employee benefits expense, a $220 thousand increase in professional fees, a $259 thousand increase in occupancy and equipment expense, and a $66 thousand increase in other operating expense. Insurance For the year ended December 31, 2016 , the Insurance segment lost $362 thousand compared to a loss of $81 thousand in 2015 . In June 2016 , primarily all the assets of the Insurance segment were sold and the segment was reorganized as a subsidiary of the Bank.

MERGERS AND ACQUISITIONS

MERGERS AND ACQUISITIONS	12 Months Ended
	Dec. 31, 2016
Business Combinations [Abstract]
MERGERS AND ACQUISITIONS	MERGERS AND ACQUISITIONS On May 1, 2015 , MVB Bank, Inc. (MVB Bank), a wholly-owned subsidiary of MVB Financial Corp. (MVB Financial or the Company), issued a joint news release with BB&T Corporation (BB&T) and Susquehanna Bancshares, Inc. (Susquehanna) announcing the signing of a definitive agreement, subject to customary closing conditions including regulatory approvals, through which MVB Bank will acquire two branch locations of Susquehanna Bank in Berkeley County, West Virginia and will assume approximately $69 million of deposits and $17 million of loans. The two Susquehanna Bank branch locations are slated for divestiture under BB&T’s agreement with the United States Department of Justice and commitments to the Board of Governors of the Federal Reserve System in connection with BB&T’s pending acquisition of Susquehanna. On July 22, 2015 , regulatory approvals for the acquisition of the two Susquehanna Bank branch locations were received and the acquisition closed August 28, 2015 . The acquisition was accounted for under the acquisition method of accounting in accordance with ASC 805. The assets and liabilities were recorded at their estimated fair values as of the August 28, 2015 acquisition date. The following is a summary of net liabilities assumed: (Dollars in thousands) Net assets acquired: Cash received in transaction $ 47,962 Cash on hand 330 Loans 18,200 Bank premises, furniture and equipment 609 Accrued interest receivable and other assets 62 Core deposit intangible 878 68,041 Deposits 68,697 Accrued interest payable and other liabilities 45 68,742 Net liabilities assumed (701 ) Goodwill 701 $ — A valuation of the acquired loans and core deposit intangible was performed with the assistance of a third-party valuation consultant. The unpaid principal balance and fair value of performing loans was $18.7 million and $18.2 million , respectively. The discount of $458 thousand will be accreted through interest income over the life of the loans in accordance with Accounting Standards Codification (ASC) topic 310-20. No nonperforming loans were acquired in this transaction. The core deposit intangible will be amortized over 10 years using a double declining balance amortization method. Merger costs related to the branch acquisitions were $722 thousand , consisting primarily of legal, consulting and data processing expenses. Goodwill was recorded in the amount of $701 thousand which is the difference between the total purchase price and the net liabilities assumed and is not deductible for income tax purposes. The following acquisition related costs are included in the consolidated statements of income for the periods indicated: Year ended Year ended Year ended (Dollars in thousands) December 31, 2016 December 31, 2015 December 31, 2014 Professional fees $ — $ 471 $ 183 Marketing — 29 4 Printing, postage and supplies — 71 9 Equipment depreciation and maintenance — — 26 Travel and entertainment — 50 88 Data processing and communications — 76 — Other operating expense — 25 — Total $ — $ 722 $ 310 Actual total revenues net of interest expense and net (loss) relating to the branch acquisitions were $297 thousand and $(122) thousand for the year ended December 31, 2015 . The following pro forma financial information combines the historical results of MVB and two branches acquired on August 28, 2015 . The pro forma results exclude the impact of branch acquisition costs of $722 thousand . If the branch acquisition had been completed on January 1, 2014 total revenue, net of interest expense, would have been $55.1 million and $76.0 million for the years ended December 31, 2014 and 2015 , respectively. Net income would have been $1.7 million and $6.4 million for the same periods. Basic and diluted earnings per share would have been $0.17 and $0.17 and $0.73 and $0.72 , respectively for the years ended December 31, 2014 and 2015 .

DISCONTINUED OPERATIONS

DISCONTINUED OPERATIONS	12 Months Ended
	Dec. 31, 2016
Discontinued Operations and Disposal Groups [Abstract]
DISCONTINUED OPERATIONS	DISCONTINUED OPERATIONS On June 30, 2016 , the Company entered into an Asset Purchase Agreement with USI Insurance Services ("USI"), in which USI purchased substantially all of the assets and assumed certain liabilities of MVB Insurance, which resulted in a pre-tax gain of $6.9 million . MVB Insurance retained the assets related to, and continues to operate, its title insurance business. The title insurance business is immaterial in terms of revenue and the Company has reorganized MVB Insurance as a subsidiary of the Bank. The Company retained approximately $424 thousand in liabilities and received proceeds totaling $7.0 million related to this transaction. Assets and liabilities of discontinued operations at the dates indicated were as follows: (Dollars in thousands) 2016 2015 ASSETS Cash and cash equivalents: Cash and due from banks $ — $ 2,245 Total cash and cash equivalents — 2,245 Premises and equipment — 618 Accrued interest receivable and other assets — 2,154 TOTAL ASSETS $ — $ 5,017 LIABILITIES AND STOCKHOLDERS’ EQUITY Accrued interest payable and other liabilities — 2,834 Total liabilities — 2,834 STOCKHOLDERS’ EQUITY Retained earnings — 2,183 Total stockholders’ equity — 2,183 TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY $ — $ 5,017 Net income (losses) from discontinued operations, net of tax, for the years ended December 31, 2016 , 2015 , and 2014 , were as follows: (Dollars in thousands) 2016 2015 2014 NONINTEREST INCOME Insurance and investment services income $ 1,887 $ 4,733 $ 3,523 Gain on sale of subsidiary 6,926 — — Other operating income 2 6 — Total noninterest income 8,815 4,739 3,523 NONINTEREST EXPENSES Salary and employee benefits 1,937 3,603 3,417 Occupancy expense 124 281 245 Equipment depreciation and maintenance 29 57 56 Data processing and communications 79 105 97 Marketing, contributions and sponsorships 7 25 26 Professional fees 2 23 308 Printing, postage and supplies 12 19 41 Insurance, tax and assessment expense 58 136 96 Travel, entertainment, dues and subscriptions 67 119 132 Other operating expenses 154 18 25 Total noninterest expense 2,469 4,386 4,443 Income (loss) from discontinued operations, before income taxes 6,346 353 (920 ) Income tax expense (benefit) - discontinued operations 2,411 140 (344 ) Net Income (loss) from discontinued operations $ 3,935 $ 213 $ (576 )

QUARTERLY FINANCIAL DATA (UNAUD

QUARTERLY FINANCIAL DATA (UNAUDITED)	12 Months Ended
	Dec. 31, 2016
Quarterly Financial Information Disclosure [Abstract]
QUARTERLY FINANCIAL DATA (UNAUDITED)	QUARTERLY FINANCIAL DATA (UNAUDITED) Earnings Per Share (Dollars in thousands) Interest Income Net Interest Income Income Before Taxes Net Income Basic Diluted 2016 First quarter $ 13,382 $ 10,695 $ 2,612 $ 1,796 $ 0.20 $ 0.20 Second quarter 13,580 10,742 10,228 6,499 0.77 0.63 Third quarter 13,523 10,729 3,441 2,310 0.25 0.24 Fourth quarter 13,638 10,825 3,420 2,307 0.23 0.22 Earnings Per Share (Dollars in thousands) Interest Income Net Interest Income Income Before Taxes Net Income Basic Diluted 2015 First quarter $ 9,638 $ 7,547 $ 3,332 $ 2,103 $ 0.25 $ 0.24 Second quarter 10,694 8,426 2,688 1,905 0.22 0.23 Third quarter 11,416 9,018 1,912 1,406 0.16 0.17 Fourth quarter 12,352 9,884 1,910 1,402 0.16 0.15

SUBSEQUENT EVENTS

SUBSEQUENT EVENTS	12 Months Ended
	Dec. 31, 2016
Subsequent Events [Abstract]
SUBSEQUENT EVENTS	SUBSEQUENT EVENTS On January 5, 2017, the Company redeemed all of the 8,500 shares of its Senior Non-Cumulative Perpetual Preferred Stock, Series A, liquidation amount $1,000 per share (“Series A Preferred Stock”), that had been issued to the United States Department of the Treasury, on September 8, 2011, pursuant to the Small Business Lending Fund program (“SBLF”). The aggregate redemption price of the Series A Preferred Stock was $8,508,500 , including dividends accrued, but unpaid through, but not including the redemption date. The Series A Preferred Stock was redeemed from the Company’s surplus capital and approved by the Company’s primary federal regulator. The redemption terminates the Company’s participation in the SBLF program. After the redemption, the Company’s capital ratios remain well in excess of those required for well capitalized status.

SUMMARY OF SIGNIFICANT ACCOUN34

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	12 Months Ended
	Dec. 31, 2016
Accounting Policies [Abstract]
Basis of Presentation	Basis of Presentation The financial statements are consolidated to include the accounts of the Company, its subsidiary, MVB Bank, and the Bank's wholly-owned subsidiaries, MVB Mortgage and MVB Insurance. These statements have been prepared in accordance with U.S. generally accepted accounting principles. All significant inter-company accounts and transactions have been eliminated in the consolidated financial statements. In preparing the consolidated financial statements, management makes estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the consolidated financial statements and the reported amounts of revenues and expenses for the period. Actual results could differ significantly from those estimates. Material estimates that are particularly susceptible to significant change relate to determination of the allowance for loan losses, derivative instruments, goodwill and deferred tax assets and liabilities.
Operating Segments	Operating Segments An operating segment is defined as a component of an enterprise that engages in business activities that generates revenue and incurs expense, and the operating results of which are reviewed by the chief operating decision maker in the determination of resource allocation and performance. While the Company’s chief decision makers monitor the revenue streams of the various Company’s products and services, operations are managed and financial performance is evaluated on a Company-wide basis. The Company has identified three reportable segments: commercial and retail banking; mortgage banking; and financial holding company. Insurance services was previously identified as a reportable segment until entering into an Asset Purchase Agreement, as discussed below and in Note 23, "Discontinued Operations" of the Notes to the Consolidated Financial Statements included in Item 8, Financial Statements and Supplementary Data, of this Annual Report on Form 10-K.
Cash and Cash Equivalents	Cash and Cash Equivalents Cash equivalents include cash on hand, deposits in banks and interest-earning deposits. Interest-earning deposits with original maturities of 90 days or less are considered cash equivalents. Net cash flows are reported for loans, deposits and short term borrowing transactions.
Management Estimates	Management Estimates The preparation of consolidated financial statements in conformity with U.S. generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities at the date of the consolidated financial statements and the reported amounts of revenues and expenses during the reporting period. Estimates, such as the allowance for loan losses, are based upon known facts and circumstances. Estimates are revised by management in the period such facts and circumstances change. Actual results could differ from these estimates.
Loans Held for Sale	Loans Held for Sale Through multiple secondary market investors, MVB Mortgage has the ability to offer customers long-term fixed rate and variable rate mortgage products without holding these instruments in the Bank’s loan portfolio. MVB Mortgage elected the fair value option and therefore values loans held for sale at fair value. Occasionally the Bank will sell portfolio loans and have them classified as loans held for sale. These loans are recorded at lower of cost or market
Loans and Allowance for Loan Losses	Loans and Allowance for Loan Losses Loans are stated at the amount of unpaid principal reduced by an allowance for loan losses. Loans are considered non-accrual when scheduled principal or interest payments are 90 days past due. Interest income on loans is recognized on an accrual basis. The allowance for loan losses is maintained at a level deemed adequate to absorb probable losses inherent in the loan portfolio. The Company consistently applies a quarterly loan review process to continually evaluate loans for changes in credit risk. This process serves as the primary means by which the Company evaluates the adequacy of the allowance for loan losses, and is based upon periodic review of the collectability of loans in light of historical experience, the nature and volume of the loan portfolio, adverse situations that may affect the borrower’s ability to repay, estimated value of any underlying collateral and prevailing economic conditions. This evaluation is inherently subjective as it requires estimates that are susceptible to significant revision as more information becomes available. The allowance consists of specific and general components. The specific component relates to loans that are impaired. The general component covers all loans that are not impaired, and is based upon historical loss experience adjusted for qualitative factors. The Company allocates the allowance based on the factors described below, which conform to the Company’s loan classification policy. In reviewing risk within the Bank’s loan portfolio, management has determined there to be several different risk categories within the loan portfolio. The allowance for loan losses consists of amounts applicable to: (i) residential real estate loans; (ii) commercial and commercial real estate secured loans; (iii) home equity loans; (iv) consumer and other loans. Factors considered in this process include general loan terms, collateral, and availability of historical data to support the analysis. Historical loss percentages for each loan category are calculated and used as the basis for calculating allowance allocations. Certain qualitative factors are evaluated to determine additional inherent risks in the loan portfolio, which are not necessarily reflected in the historical loss percentages. These factors are then added to the historical allocation percentages to get the adjusted factor to be applied to non-classified loans on a weighted basis, by risk grade. The following qualitative factors are analyzed: • Lending policies and procedures • Change in volume and severity of past due loans • Nature and volume of the portfolio • Experience and ability of management • Volume and severity of problem credits • Results of loan reviews, audits and exams • National, state, regional and local economic trends and business conditions ◦ General economic conditions ◦ Unemployment rates ◦ Inflation / CPI ◦ Changes in values of underlying collateral for collateral-dependent loans • Value of underlying collateral • Existence and effect of any credit concentrations, and changes in the level of such concentrations The Company analyzes its loan portfolio each quarter to determine the appropriateness of its allowance for loan losses. A loan that has deteriorated and requires additional collection efforts by the Bank could warrant non-accrual status. A thorough review is presented to the Chief Credit Officer and or the Management Loan Committee ("MLC"), as required with respect to any loan which is in a collection process and to make a determination as to whether the loan should be placed on non-accrual status. The placement of loans on non-accrual status is subject to applicable regulatory restrictions and guidelines. Generally, loans should be placed in non-accrual status when the loan reaches 90 days past due, when it becomes likely the borrower cannot or will not make scheduled principal or interest payments, when full repayment of principal and interest is not expected, or when the loan displays potential loss characteristics. Normally, all accrued interest is charged off when a loan is placed in non-accrual status, unless Management believes it is likely the accrued interest will be collected. Any payments subsequently received are applied to principal. To remove a loan from non-accrual status, all principal and interest due must be paid up to date and the Bank is reasonably sure of future satisfactory payment performance. Usually, this requires a six-month recent history of payments due. Removal of a loan from non-accrual status requires the approval of the Chief Credit Officer and or MLC. A loan is considered impaired when, based upon current information and events, it is probable that the Company will be unable to collect the scheduled payments of principal or interest when due according to the contractual terms of the loan agreement. Factors considered by management in determining impairment include payment status, collateral value, and the probability of collecting scheduled principal and interest payments when due. Loans that experience insignificant payment delays and shortages generally are not classified as impaired. Generally, the Company considers impaired loans to include loans classified as non-accrual loans, loans past due for longer than 90 days and troubled debt restructurings. The Company defers loan origination and commitment fees and direct loan origination costs and the net amount is amortized as an adjustment of the related loan’s yield.
Troubled Debt Restructurings (TDRs)	Troubled Debt Restructurings (TDRs) A restructuring of debt constitutes a TDR if the creditor for economic or legal reasons related to the debtor’s financial difficulties grants a concession to the debtor that it would not otherwise consider. The determination of whether a concession has been granted includes an evaluation of the debtor’s ability to access funds at a market rate for debt with similar risk characteristics and among other things, the significance of the modification relative to unpaid principal or collateral value of the debt, and/or the significance of a delay in the timing of payments relative to the frequency of payments, original maturity date or the expected duration of the loan. The most common concessions granted generally include one or more modifications to the terms of the debt such as a reduction in the interest rate for the remaining life of the debt, an extension of the maturity date at an interest rate lower than the current market rate for new debt with similar risk, or reduction of the unpaid principal or interest. All TDRs are considered impaired loans.
Interest Rate Lock Commitments and Forward Sales Commitment	Interest Rate Lock Commitments and Hedges The Company enters into commitments to originate mortgage loans whereby the interest rate on the loan is determined prior to funding (rate lock commitments). Rate lock commitments on mortgage loans that are intended to be sold are considered to be derivatives. The period of time between issuance of a loan commitment and closing and sale of the loan generally ranges from 30 days to 120 days . The Company protects itself from changes in interest rates through the use of best efforts forward delivery commitments, whereby the Company commits to sell a loan at the time the borrower commits to an interest rate with the intent that the buyer has assumed interest rate risk on the loan. As a result, the Company limits the exposure of losses with these arrangements and will not realize significant gains related to its rate lock commitments due to changes in interest rates. The correlation between the rate lock commitments and hedges is very high due to their similarity. The Company also uses mortgage-backed security hedges and pair-offs to mitigate interest rate risk by entering securities and mortgage-backed securities trades with brokers. The fair value of rate lock commitments and hedges is not readily ascertainable with precision because rate lock commitments and hedges are not actively traded in stand-alone-markets. The Company determines the fair value of rate lock commitments and hedges by measuring the change in the value of the underlying asset while taking into consideration the probability that the rate lock commitments will close. During the fourth quarter 2014 , management refined their calculation of interest rate locks to include the cost to originate loans, which resulted in a one-time expense of $706 thousand . Fair value changes are recorded in noninterest income in the Company’s consolidated statement of income.
Interest Rate Cap	Interest Rate Cap The Company has entered into a rate protection transaction through SMBC Capital Markets, Inc. covering the period November 26, 2014 through December 1, 2019 . The notional amount is $100 million and 3 month LIBOR is the underlying rate and the strike price is 3% . The 5 year coverage is broken into 20 quarterly caps. The Company’s fixed cost in the interest rate cap was $1.5 million . The credit support provider must maintain a long-term senior unsecured debt rating of A or better by S&P and A2 or better by Moody’s. The interest rate cap agreement is a free-standing derivative and is recorded at fair value on the Company’s consolidated balance sheet. Fair value changes are recorded in noninterest income in the Company’s consolidated net income statement.
Interest Rate Swap	Interest Rate Swap Beginning in 2015 , the Company entered into interest rate swap agreements to facilitate the risk management strategies of a small number of commercial banking clients. The Company mitigates this risk by entering into equal and offsetting interest rate swap agreements with highly rated third-party financial institutions. The interest rate swap agreements are free-standing derivatives and are recorded at fair value on the Company’s consolidated balance sheet. Fair value changes are recorded in noninterest income in the Company’s consolidated net income statement.
Mortgage Servicing Rights	Mortgage Servicing Rights Mortgage servicing rights (MSRs) are recorded when the Bank sells mortgage loans and retains the servicing on those loans. On a monthly basis, MVB tracks the amount of mortgage loans that are sold with servicing retained. A valuation is done to determine the MSR’s value, which is then recorded as an asset and amortized over the period of estimated net servicing revenues. The balance of MSR’s is evaluated for impairment quarterly, and was determined not to be impaired at December 31, 2016 or 2015 . Servicing loans for others generally consists of collecting mortgage payments from borrowers, maintaining escrow accounts, remitting payments to third party investors and when necessary, foreclosure processing. Serviced loans are not included in the Consolidated Balance Sheets. At December 31, 2016 and 2015 , the MSR's value was $190 thousand and $956 thousand , respectively. The amortization taken on the servicing asset for the years ended December 31, 2016 , 2015 and 2014 was $1.0 million , $915 thousand and $574 thousand , respectively.
Premises and Equipment	Premises and Equipment Premises and equipment are carried at cost less accumulated depreciation. Depreciation expense is computed for financial reporting by the straight-line-method based on the estimated useful lives of assets, which range from 7 to 40 years on buildings and leasehold improvements and 3 to 10 years on furniture, fixtures and equipment.
Intangible Assets and Goodwill	Intangible Assets and Goodwill Goodwill is reviewed for potential impairment at least annually at the reporting unit level. In addition to the annual impairment evaluation, the Company evaluates for impairment when events or circumstances indicate that it is more likely than not an impairment loss has occurred. The Company performs its annual impairment test during the fourth quarter. The Company first assesses qualitative factors to determine whether it is necessary to perform the two-step goodwill impairment test discussed below. The Company assesses qualitative factors to determine whether it is more likely than not that the fair value of a reporting unit is less than its carrying amount, including goodwill. Examples of qualitative factors include: economic conditions; industry and market considerations; increases in raw materials, labor, or other costs; overall financial performance such as negative or declining cash flows; relevant entity-specific events such as changes in management, key personnel, strategy, or customers; and regulatory or political developments. If, based on its assessment of the qualitative factors, the Company determines that it is not more likely than not that the fair value of a reporting unit is less than its carrying amount, then the first and second steps of the goodwill impairment test are not necessary. If determined to be necessary, a two-step impairment test is performed to identify potential goodwill impairment and measure the amount of a goodwill impairment loss to be recognized (if any). The first step requires the estimation of the reporting unit’s fair value. If the fair value of the reporting unit exceeds the carrying value, including goodwill, no further testing is required. If the carrying value exceeds the fair value, a second step is performed to determine whether an impairment charge must be recorded, and if so, the amount of such change. The Company’s assessment of qualitative factors determined that it is not more likely than not that the fair value of each reporting unit is less than its carrying amount and therefore, goodwill is not impaired as of December 31, 2016 and 2015 . As of December 31, 2016 and 2015 , the Company had goodwill of $18.5 million , respectively. Intangible Assets include core deposit intangibles which are amortized over their useful life of ten years using the double-declining balance method. Net core deposit intangibles are included in accrued interest receivable and other assets on the consolidated balance sheet and totaled $744 thousand and $845 thousand as of December 31, 2016 and 2015 , respectively.
Restricted Bank Stock	Restricted Bank Stock The Bank is a member of the FHLB of Pittsburgh and as such, is required to maintain a minimum investment in stock of the FHLB that varies with the level of advances outstanding with the FHLB. As of December 31, 2016 and 2015 , the Bank holds $5.8 million and $8.6 million , respectively. The stock is bought from and sold to the FHLB based upon its $100 par value. The stock does not have a readily determinable fair value and as such is classified as restricted stock, carried at cost and evaluated by management. The stock’s value is determined by the ultimate recoverability of the par value rather than by recognizing temporary declines. The determination of whether the par value will ultimately be recovered is influenced by criteria such as the following: (a) A significant decline in net assets of the FHLB as compared to the capital stock amount and the length of time this situation has persisted (b) commitments by the FHLB to make payments required by law or regulation and the level of such payments in relation to the operating performance (c) the impact of legislative and regulatory changes on the customer base of the FHLB and (d) the liquidity position of the FHLB. Management evaluated the stock and concluded that the stock was not impaired for the periods presented herein. Management considered that the FHLB’s regulatory capital ratios have improved in the most recent quarters, liquidity appears adequate, new shares of FHLB stock continue to exchange hands at the $100 par value and the FHLB has repurchased shares of excess capital stock from its members during 2016 and 2015 and has reinstituted the dividend.
Foreclosed Assets Held for Resale	Foreclosed Assets Held for Resale Foreclosed assets held for resale acquired in satisfaction of mortgage obligations and in foreclosure proceedings are recorded at fair value less estimated selling costs at the time of foreclosure, with any valuation adjustments charged to the allowance for loan losses. Any gains or losses on sale are then recorded in other noninterest expense.
Bank-owned life insurance	Bank-Owned Life Insurance Bank-owned life insurance (“BOLI”) represents life insurance on the lives of certain Company employees who have provided positive consent allowing the Company to be the beneficiary of such policies. These policies are recorded at their cash surrender value, or the amount that can be realized upon surrender of the policy. Income from these policies is not subject to income taxes and is recorded as noninterest income.
Income Taxes	Income Taxes The Company and the Bank file a consolidated federal income tax return. Deferred tax assets and liabilities are computed based on the difference between the financial statement basis and income tax basis of assets and liabilities using the enacted marginal tax rates. Deferred income tax expenses or benefits are based on the changes in the net deferred tax asset or liability from period to period.
Stock Based Compensation	Stock Based Compensation Compensation cost is recognized for stock options issued to employees, based on the fair value of these awards at the date of grant. A Black-Scholes model is utilized to estimate the fair value of stock options. Compensation cost is recognized over the required service period, generally defined as the vesting period. For awards with graded vesting, compensation cost is recognized on a straight-line basis over the requisite service period for the entire award.
Earnings Per Share	Earnings Per Share The Company determines basic earnings per share by dividing net income less preferred stock dividends by the weighted average number of common shares outstanding during the period. Diluted earnings per share is determined by dividing net income less dividends on convertible preferred stock plus interest on convertible subordinated debt by the weighted average number of shares outstanding increased by both the number of shares that would be issued assuming the exercise of stock options under the Company’s 2003 and 2013 Stock Incentive Plans and the conversion of preferred stock and subordinated debt if dilutive.
Comprehensive Income	Comprehensive Income Accounting principles generally require that recognized revenue, expenses, gains and losses be included in net income. Although certain changes in assets and liabilities, such as unrealized gains and losses on available-for-sale securities and minimum pension liability, are reported as a separate component of the equity section of the Consolidated Balance Sheet, such items, along with net income, are components of comprehensive income.
Marketing Costs	Marketing Costs Marketing costs are expensed as incurred.
Transfers of Financial Assets	Transfers of Financial Assets Transfers of financial assets are accounted for as sales when control over the assets has been surrendered. Control over transferred assets is deemed to be surrendered when (i) the assets have been isolated from the company, (ii) the transferee obtains the right (free of conditions that constrain it from taking advantage of that right) to pledge or exchange the transferred assets, and (iii) the Company does not maintain effective control over the transferred assets through an agreement to repurchase them before their maturity.
Reclassifications	Reclassifications Certain amounts in the 2015 and 2014 consolidated financial statements have been reclassified to conform to the 2016 financial statement presentation.
Recent Accounting Pronouncements	Recent Accounting Pronouncements In December 2016, the Financial Accounting Standards Board ("FASB") issued Accounting Standards Update ("ASU") 2016-20, Technical Corrections and Improvements to Topic 606, Revenue from Contracts with Customers . The amendments in this ASU cover a variety of Topics in the Codification related to the new revenue recognition standard (ASU 2014-09) and represent changes to make minor corrections or minor improvements to the Codification that are not expected to have a significant impact on current accounting practice or create a significant administrative cost to most entities. For public companies, this update will be effective for fiscal years beginning after December 15, 2017, including all interim periods within those fiscal years. The adoption of this guidance is not expected to be material to the consolidated financial statements. In December 2016, the FASB issued ASU 2016-19, Technical Corrections and Improvements. The amendments in this ASU cover a wide range of Topics in the Codification and represent changes to make corrections or improvements to the Codification that are not expected to have a significant effect on current accounting practice or create a significant administrative cost to most entities. For public companies, this update will be effective for fiscal years beginning after December 15, 2016, including all interim periods within those fiscal years. Early application is permitted. The adoption of this guidance will not have a material impact on the Company's consolidated financial statements. In November 2016, the FASB issued ASU 2016-18, Statement of Cash Flows (Topic 230): Restricted Cash (a consensus of the FASB Emerging Issues Task Force). The new guidance clarifies the classification within the statement of cash flows for certain transactions, including debt extinguishment costs, zero-coupon debt, contingent consideration related to business combinations, insurance proceeds, equity method distributions and beneficial interests in securitizations. The guidance also clarifies that cash flows with aspects of multiple classes of cash flows or that cannot be separated by source or use should be classified based on the activity that is likely to be the predominant source or use of cash flows for the item. This guidance is effective for fiscal years beginning after December 15, 2017 and interim periods within those fiscal years. The adoption of this guidance will not have a material impact on the Company's consolidated financial statements. In October 2016, the FASB issued ASU 2016-17, Consolidation (Topic 810): Interests Held through Related Parties That Are under Common Control. The new guidance changes the accounting for the consolidation of VIEs in certain situations involving entities under common control. Specifically, the amendments change how the indirect interests held through related parties that are under common control should be included in a reporting entity’s evaluation of whether it is a primary beneficiary of a VIE. Under the amended guidance, the reporting entity is only required to include the indirect interests held through related parties that are under common control in a VIE on a proportionate basis. Currently, the indirect interests held by the related parties that are under common control are considered to be the equivalent of direct interests in their entirety. This guidance is effective for fiscal years beginning after December 15, 2016 and interim periods within those fiscal years. The adoption of this guidance will not have a material impact on the Company's consolidated financial statements. In October 2016, the FASB issued ASU 2016-16, Income Taxes (Topic 740): Intra-Entity Transfers of Assets Other Than Inventory. This new guidance requires an entity to recognize the income tax consequences of an intra-entity transfer of an asset other than inventory when the transfer occurs. Current U.S. GAAP prohibits the recognition of current and deferred income taxes for an intra-entity asset transfer until the asset has been sold to an outside party. This guidance is effective for fiscal years beginning after December 15, 2017 and interim periods within those fiscal years. The adoption of this guidance will not have a material impact on the Company's consolidated financial statements. In August 2016, the FASB issued ASU 2016-15, Statement of Cash Flows (Topic 230): Classification of Certain Cash Receipts and Cash Payments . This new guidance clarifies the guidance for classification of certain cash receipts and payments within an entity’s statements of cash flows. These items include debt prepayment or extinguishment costs, settlement of zero-coupon debt instruments, contingent consideration payments made after a business combination, proceeds from the settlement of insurance claims, proceeds from the settlement of BOLI policies, distributions received from equity method investees, and beneficial interests in securitization transactions. The amended guidance also specifies how to address classification of cash receipts and payments that have aspects of more than one class of cash flows. This guidances is effective for fiscal years beginning after December 15, 2017 and interim periods within those fiscal years. The adoption of this guidance will not have a material impact on the Company's consolidated financial statements. In June 2016, the FASB issued ASU 2016-13, Financial Instruments-Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments . The new guidance replaces the incurred loss impairment methodology in current GAAP with an expected credit loss methodology and requires consideration of a broader range of information to determine credit loss estimates. Financial assets measured at amortized cost will be presented at the net amount expected to be collected by using an allowance for credit losses. Purchased credit impaired loans will receive an allowance account at the acquisition date that represents a component of the purchase price allocation. Credit losses relating to available-for-sale debt securities will be recorded through an allowance for credit losses, with such allowance limited to the amount by which fair value is below amortized cost. The guidance is effective for fiscal years beginning after December 15, 2019 and interim periods within those fiscal years. The Company's project management team and MLC are in the process of developing an understanding of this pronouncement, evaluating the impact of this pronouncement and researching additional software resources that could assist with the implementation. In March 2016, the FASB issued ASU 2016-09, Compensation – Stock Compensation (Topic 718): Improvements to Employee Share-Based Payment Accounting. The new guidance eliminates the concept of APIC pools for stock-based awards and requires that the related excess tax benefits and tax deficiencies be classified as an operating activity in the statement of cash flows. The new guidance also allows entities to make a one-time policy election to account for forfeitures when they occur, instead of accruing compensation cost based on the number of awards expected to vest. Additionally, the new guidance changes the requirement for an award to qualify for equity classification by permitting tax withholding up to the maximum statutory tax rate instead of the minimum statutory tax rate. The new guidance is effective for annual periods beginning after December 15, 2016 and interim periods within those annual periods. The adoption of this guidance did not have a material impact on the Company's consolidated financial statements. In February 2016, the FASB issued ASU 2016-02, Leases (Topic 842) . Among other things, in the amendments in ASU 2016-02, lessees will be required to recognize the following for all leases (with the exception of short-term leases) at the commencement date: (1) A lease liability, which is a lessee‘s obligation to make lease payments arising from a lease, measured on a discounted basis; and (2) A right-of-use asset, which is an asset that represents the lessee’s right to use, or control the use of, a specified asset for the lease term. Under the new guidance, lessor accounting is largely unchanged. Certain targeted improvements were made to align, where necessary, lessor accounting with the lessee accounting model and Topic 606, Revenue from Contracts with Customers. The amendments in this ASU are effective for fiscal years beginning after December 15, 2018, including interim periods within those fiscal years. Early application is permitted upon issuance. Lessees (for capital and operating leases) and lessors (for sales-type, direct financing and operating leases) must apply a modified retrospective transition approach for leases existing at, or entered into after, the beginning of the earliest comparative period presented in the financial statements. The modified retrospective approach would not require any transition accounting for leases that expired before the earliest comparative period presented. Lessees and lessors may not apply a full retrospective transition approach. While we are currently evaluating the impact of the new standard, we expect an increase to the Consolidated Balance Sheets for right-of-use assets and associated lease liabilities, as well as resulting depreciation expense of the right-of-use assets and interest expense of the lease liabilities in the Consolidated Statements of Income, for arrangements previously accounted for as operating leases. In January 2016, the FASB issued ASU 2016-01, Accounting for Financial Instruments - Overall: Classification and Measurement (Subtopic 825-10). Amendments within ASU 2016-01 that relate to non-public entities have been excluded from this presentation. The amendments in this ASU 2016-01 address the following: 1) require equity investments to be measured at fair value with changes in fair value recognized in net income; 2) simplify the impairment assessment of equity investments without readily-determinable fair values by requiring a qualitative assessment to identify impairment; 3) eliminate the requirement to disclose the method(s) and significant assumptions used to estimate the fair value that is required to be disclosed for financial instruments measured at amortized cost on the balance sheet; 4) require entities to use the exit price notion when measuring the fair value of financial instruments for disclosure purposes; 5) require separate presentation in other comprehensive income for the portion of the total change in the fair value of a liability resulting from a change in the instrument-specific credit risk when the entity has elected to measure the liability at fair value in accordance with the fair value option for financial instruments; 6) require separate presentation of financial assets and financial liabilities by measurement category and form of financial asset (that is, securities or loans and receivables) on the balance sheet or the accompanying notes to the financial statements; and 7) clarify that an entity should evaluate the need for a valuation allowance on a deferred tax asset related to available-for-sale securities in combination with the entity's other deferred tax assets. The amendments are effective for public business entities for fiscal years beginning after December 15, 2017, and interim periods within those fiscal years. The Company is currently evaluating the provisions of this amendment to determine the potential impact the new standard will have on the Company's consolidated financial statements as it relates to accounting for financial instruments. The Company is currently evaluating the provisions of this amendment to determine the potential impact the new standard will have on the Company's consolidated financial statements as it relates to accounting for financial instruments. In September 2015, the FASB issued ASU 2015-16, Business Combinations (Topic 805): Simplifying the Accounting for Measurement-Period Adjustments . The new guidance requires that adjustments to provisional amounts identified during the measurement period of a business combination be recognized in the reporting period in which the adjustment amounts are determined. Furthermore, the income statement effects of such adjustments, if any, must be calculated as if the accounting had been completed at the acquisition date reflecting the portion of the amount recorded in current-period earnings that would have been recorded in previous reporting periods if the adjustment to the provisional amounts had been recognized as of the acquisition date. Under previous guidance, adjustments to provisional amounts identified during the measurement period are to be recognized retrospectively. ASU 2015-16 was effective for us on January 1, 2016 and did not have a significant impact on our consolidated financial statements. In February 2015, the FASB issued ASU 2015-02, Consolidation (Topic 810): Amendments to the Consolidation Analysis . The amendments modify the evaluation reporting organizations must perform to determine if certain legal entities should be consolidated as VIEs. Specifically, the amendments: (1) Modify the evaluation of whether limited partnerships and similar legal entities are variable interest entities (“VIEs”) or voting interest entities; (2) Eliminate the presumption that a general partner should consolidate a limited partnership; (3) Affect the consolidation analysis of reporting entities that are involved with VIEs, particularly those that have fee arrangements and related party relationships; and (4) Provide a scope exception from consolidation guidance for reporting entities with interests in legal entities that are required to comply with or operate in accordance with requirements that are similar to those in Rule 2a-7 of the Investment Company Act of 1940 for registered money market funds. ASU 2015-02 was effective for us on January 1, 2016 and did not have a significant impact on the Company's consolidated financial statements.

SUMMARY OF SIGNIFICANT ACCOUN35

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)	12 Months Ended
	Dec. 31, 2016
Accounting Policies [Abstract]
Earnings Per Share	For the years ended December 31, (Dollars in thousands except shares and per share data) 2016 2015 2014 Numerator for basic earnings per share: Net Income from continuing operations $ 8,977 $ 6,603 $ 2,655 Less: Dividends on preferred stock 1,128 575 332 Net Income from continuing operations available to common shareholders - basic 7,849 6,028 2,323 Net Income from discontinued operations available to common shareholders - basic and diluted 3,935 213 (576 ) Net Income available to common shareholders $ 11,784 $ 6,241 $ 1,747 Numerator for diluted earnings per share: Net Income from continuing operations available to common shareholders - basic $ 7,849 $ 6,028 $ 2,323 Add: Dividends on preferred stock — — — Add: Interest on subordinated debt (tax effected) 1,390 — — Net Income available to common shareholders from continuing operations - diluted $ 9,239 $ 6,028 $ 2,323 Denominator: Total average shares outstanding 8,212,021 8,014,316 7,905,468 Effect of dilutive convertible preferred stock — — — Effect of dilutive convertible subordinated debt 1,837,500 — — Effect of dilutive stock options 19,212 125,800 196,649 Total diluted average shares outstanding 10,068,733 8,140,116 8,102,117 Earnings per share from continuing operations - basic $ 0.96 $ 0.75 $ 0.29 Earnings per share from discontinued operations - basic $ 0.48 $ 0.03 $ (0.07 ) Earnings per common shareholder - basic $ 1.44 $ 0.78 $ 0.22 Earnings per share from continuing operations - diluted $ 0.92 $ 0.74 $ 0.29 Earnings per share from discontinued operations - diluted $ 0.39 $ 0.03 $ (0.07 ) Earnings per common shareholder - diluted $ 1.31 $ 0.77 $ 0.22

INVESTMENT SECURITIES (Tables)

INVESTMENT SECURITIES (Tables)	12 Months Ended
	Dec. 31, 2016
Investments, Debt and Equity Securities [Abstract]
Amortized Cost and Fair Values of Investment Securities Held-to-maturity	Amortized cost and fair values of investment securities held-to-maturity at December 31, 2015 including gross unrealized gains and losses, are summarized as follows: (Dollars in thousands) Amortized Cost Unrealized Gain Unrealized Loss Fair Value Municipal securities $ 52,859 $ 1,699 $ (88 ) $ 54,470 Total investment securities held-to-maturity $ 52,859 $ 1,699 $ (88 ) $ 54,470
Amortized Cost and Fair Values of Investment Securities Available-for-sale	Amortized cost and fair values of investment securities available-for-sale at December 31, 2016 are summarized as follows: (Dollars in thousands) Amortized Cost Unrealized Gain Unrealized Loss Fair Value U. S. Agency securities $ 29,234 $ 7 $ (425 ) $ 28,816 U.S. Sponsored Mortgage-backed securities 56,080 14 (1,362 ) 54,732 Municipal securities 72,075 744 (2,023 ) 70,796 Total debt securities 157,389 765 (3,810 ) 154,344 Equity and other securities 7,643 381 — 8,024 Total investment securities available-for-sale $ 165,032 $ 1,146 $ (3,810 ) $ 162,368 Amortized cost and fair values of investment securities available-for-sale at December 31, 2015 are summarized as follows: (Dollars in thousands) Amortized Cost Unrealized Gain Unrealized Loss Fair Value U. S. Agency securities $ 29,532 $ — $ (181 ) $ 29,351 U.S. Sponsored Mortgage-backed securities 34,246 1 (533 ) 33,714 Municipal securities 1,775 23 — 1,798 Total debt securities 65,553 24 (714 ) 64,863 Equity and other securities 5,309 95 (11 ) 5,393 Total investment securities available-for-sale $ 70,862 $ 119 $ (725 ) $ 70,256
Amortized Cost and Fair Values of Debt Securities by Maturity	The following table summarizes amortized cost and fair values of debt securities by maturity: December 31, 2016 Available for sale (Dollars in thousands) Amortized Cost Fair Value Within one year $ 1,277 $ 1,280 After one year, but within five 11,176 11,244 After five years, but within ten 14,666 14,487 After ten Years 130,270 127,333 Total $ 157,389 $ 154,344
Investments in an Unrealized Loss Position	The following table discloses investments in an unrealized loss position at December 31, 2016 : (Dollars in thousands) Less than 12 months 12 months or more Description and number of positions Fair Value Unrealized Loss Fair Value Unrealized Loss U.S. Agency securities (16) $ 28,814 $ (425 ) $ — $ — U.S. Sponsored Mortgage-backed securities (29) 33,209 (1,040 ) 13,919 (322 ) Municipal securities (86) 42,727 (2,023 ) — — $ 104,750 $ (3,488 ) $ 13,919 $ (322 ) The following table discloses investments in an unrealized loss position at December 31, 2015 : (Dollars in thousands) Less than 12 months 12 months or more Description and number of positions Fair Value Unrealized Loss Fair Value Unrealized Loss U.S. Agency securities (9) $ 28,351 $ (181 ) $ — $ — U.S. Sponsored Mortgage-backed securities (19) 20,647 (233 ) 11,862 (300 ) Municipal securities (22) 3,827 (32 ) 5,559 (56 ) Equity and other securities (1) 2,489 (11 ) — — $ 55,314 $ (457 ) $ 17,421 $ (356 )

LOANS AND ALLOWANCE FOR LOAN 37

LOANS AND ALLOWANCE FOR LOAN LOSSES (Tables)	12 Months Ended
	Dec. 31, 2016
Receivables [Abstract]
Components of Loans in Consolidated Balance Sheet	The components of loans in the Consolidated Balance Sheet at December 31, were as follows: (Dollars in thousands) 2016 2015 Commercial and Non-Residential Real Estate $ 757,516 $ 729,319 Residential Real Estate 215,452 217,366 Home Equity 65,386 68,124 Consumer 14,511 17,361 Total Loans $ 1,052,865 $ 1,032,170
Primary Segments of the Loan Portfolio	The following table summarizes the primary segments of the loan portfolio as of December 31, 2016 and 2015 : (Dollars in thousands) Commercial Residential Home Equity Consumer Total December 31, 2016 Individually evaluated for impairment $ 10,781 $ 1,161 $ 132 $ 78 $ 12,152 Collectively evaluated for impairment 746,735 214,291 65,254 14,433 1,040,713 Total Loans $ 757,516 $ 215,452 $ 65,386 $ 14,511 $ 1,052,865 December 31, 2015 Individually evaluated for impairment $ 14,177 $ 1,067 $ 28 $ 103 $ 15,375 Collectively evaluated for impairment 715,142 216,299 68,096 17,258 1,016,795 Total Loans $ 729,319 $ 217,366 $ 68,124 $ 17,361 $ 1,032,170
Impaired Loans by Class	The following table presents impaired loans by class, segregated by those for which a specific allowance was required and those for which a specific allowance was not necessary as of December 31, 2016 and 2015 : Impaired Loans with Specific Allowance Impaired Loans with No Specific Allowance Total Impaired Loans (Dollars in thousands) Recorded Investment Related Allowance Recorded Investment Recorded Investment Unpaid Principal Balance December 31, 2016 Commercial Commercial Business $ — $ — $ 3,342 $ 3,342 $ 4,102 Commercial Real Estate 2,757 302 892 3,649 3,676 Acquisition & Development 264 74 3,526 3,790 6,059 Total Commercial 3,021 376 7,760 10,781 13,837 Residential 783 122 378 1,161 1,166 Home Equity 62 36 70 132 135 Consumer 16 9 62 78 285 Total Impaired Loans $ 3,882 $ 543 $ 8,270 $ 12,152 $ 15,423 December 31, 2015 Commercial Commercial Business $ 574 $ 4 $ 3,260 $ 3,834 $ 3,834 Commercial Real Estate 7,587 513 — 7,587 7,587 Acquisition & Development 1,800 191 956 2,756 4,131 Total Commercial 9,961 708 4,216 14,177 15,552 Residential 1,045 276 22 1,067 1,067 Home Equity 28 28 — 28 28 Consumer 103 1 — 103 103 Total Impaired Loans $ 11,137 $ 1,013 $ 4,238 $ 15,375 $ 16,750
Average Recorded Investment in Impaired Loans and Related Interest Income Recognized	The following table presents the average recorded investment in impaired loans and related interest income recognized for the years ended: December 31, 2016 December 31, 2015 December 31, 2014 (Dollars in thousands) Average Investment in Impaired Loans Interest Income Recognized on Accrual Basis Interest Income Recognized on Cash Basis Average Investment in Impaired Loans Interest Income Recognized on Accrual Basis Interest Income Recognized on Cash Basis Average Investment in Impaired Loans Interest Income Recognized on Accrual Basis Interest Income Recognized on Cash Basis Commercial Commercial Business $ 4,027 $ 155 $ 104 $ 3,153 $ 156 $ 114 $ 301 $ 14 $ 61 Commercial Real Estate 3,590 100 75 6,618 63 61 2,213 149 105 Acquisition & Development 3,983 9 112 2,408 9 10 4,456 112 94 Total Commercial 11,600 264 291 12,179 228 185 6,970 275 260 Residential 928 20 28 920 12 13 804 20 20 Home Equity 50 1 1 28 1 1 28 1 1 Consumer 245 — — 1 — — 20 1 1 Total $ 12,823 $ 285 $ 320 $ 13,128 $ 241 $ 199 $ 7,822 $ 297 $ 282
Classes of the Loan Portfolio Summarized by the Aggregate Pass and the Criticized Categories	The following table represents the classes of the loan portfolio summarized by the aggregate Pass and the criticized categories of Special Mention, Substandard and Doubtful within the internal risk rating system as of December 31, 2016 and 2015 : (Dollars in thousands) Pass Special Mention Substandard Doubtful Total December 31, 2016 Commercial Commercial Business $ 377,631 $ 2,933 $ 6,833 $ 69 $ 387,466 Commercial Real Estate 240,851 26,340 3,532 737 271,460 Acquisition & Development 90,875 1,905 2,584 3,226 98,590 Total Commercial 709,357 31,178 12,949 4,032 757,516 Residential 212,869 1,664 787 132 215,452 Home Equity 64,706 582 98 — 65,386 Consumer 14,134 302 13 62 14,511 Total Loans $ 1,001,066 $ 33,726 $ 13,847 $ 4,226 $ 1,052,865 December 31, 2015 Commercial Commercial Business $ 288,549 $ 7,949 $ 3,411 $ 574 $ 300,483 Commercial Real Estate 299,560 9,761 8,436 — 317,757 Acquisition & Development 105,585 2,739 1,223 1,532 111,079 Total Commercial 693,694 20,449 13,070 2,106 729,319 Residential 214,184 1,764 1,168 250 217,366 Home Equity 67,645 416 63 — 68,124 Consumer 16,679 311 371 — 17,361 Total Loans $ 992,202 $ 22,940 $ 14,672 $ 2,356 $ 1,032,170
Classes of the Loan Portfolio Summarized by Aging Categories	The following table presents the classes of the loan portfolio summarized by aging categories of performing loans and nonaccrual loans as of December 31, 2016 and 2015 : (Dollars in thousands) Current 30-59 Days Past Due 60-89 Days Past Due 90+ Days Past Due Total Past Due Total Loans Non-Accrual 90+ Days Still Accruing December 31, 2016 Commercial Commercial Business $ 387,208 $ 15 $ 169 $ 74 $ 258 $ 387,466 $ 74 $ — Commercial Real Estate 270,339 229 — 892 1,121 271,460 1,375 — Acquisition & Development 96,014 — — 2,576 2,576 98,590 3,526 — Total Commercial 753,561 244 169 3,542 3,955 757,516 4,975 — Residential 212,502 2,067 419 464 2,950 215,452 1,072 — Home Equity 64,791 525 — 70 595 65,386 104 — Consumer 14,354 55 34 68 157 14,511 78 — Total Loans $ 1,045,208 $ 2,891 $ 622 $ 4,144 $ 7,657 $ 1,052,865 $ 6,229 $ — December 31, 2015 Commercial Commercial Business $ 299,515 $ 300 $ — $ 668 $ 968 $ 300,483 $ 687 $ — Commercial Real Estate 307,029 436 4,731 5,561 10,728 317,757 5,020 541 Acquisition & Development 107,607 678 — 2,794 3,472 111,079 2,488 307 Total Commercial 714,151 1,414 4,731 9,023 15,168 729,319 8,195 848 Residential 214,326 1,838 576 626 3,040 217,366 803 — Home Equity 67,908 23 193 — 216 68,124 36 — Consumer 16,921 48 21 371 440 17,361 371 — Total Loans $ 1,013,306 $ 3,323 $ 5,521 $ 10,020 $ 18,864 $ 1,032,170 $ 9,405 $ 848
Allowance Activity	Activity in the allowance is presented for the periods indicated: (Dollars in thousands) Commercial Residential Home Equity Consumer Total ALL balance at December 31, 2015 $ 6,066 $ 1,095 $ 715 $ 130 $ 8,006 Charge-offs (1,995 ) (124 ) (100 ) (338 ) (2,557 ) Recoveries 9 2 9 1 21 Provision 3,101 17 104 409 3,631 ALL balance at December 31, 2016 $ 7,181 $ 990 $ 728 $ 202 $ 9,101 Individually evaluated for impairment $ 376 $ 122 $ 36 $ 9 $ 543 Collectively evaluated for impairment $ 6,805 $ 868 $ 692 $ 193 $ 8,558 (Dollars in thousands) Commercial Residential Home Equity Consumer Total ALL balance at December 31, 2014 $ 4,363 $ 962 $ 691 $ 207 $ 6,223 Charge-offs (708 ) (28 ) (5 ) (6 ) (747 ) Recoveries 20 2 4 11 37 Provision 2,391 159 25 (82 ) 2,493 ALL balance at December 31, 2015 $ 6,066 $ 1,095 $ 715 $ 130 $ 8,006 Individually evaluated for impairment $ 708 $ 276 $ 28 $ 1 $ 1,013 Collectively evaluated for impairment $ 5,358 $ 819 $ 687 $ 129 $ 6,993 (Dollars in thousands) Commercial Residential Home Equity Consumer Total ALL balance at December 31, 2013 $ 3,609 $ 519 $ 554 $ 253 $ 4,935 Charge-offs (1,110 ) (130 ) — (68 ) (1,308 ) Recoveries 7 — 3 4 14 Provision 1,857 573 134 18 2,582 ALL balance at December 31, 2014 $ 4,363 $ 962 $ 691 $ 207 $ 6,223 Individually evaluated for impairment $ 362 $ 298 $ 28 $ 2 $ 690 Collectively evaluated for impairment $ 4,001 $ 664 $ 663 $ 205 $ 5,533
Loans Identified as Troubled Debt Restructuring	The following table presents details related to loans identified as Troubled Debt Restructurings during the years ended December 31, 2016 and 2015 . New TDR's 1 December 31, 2016 December 31, 2015 (Dollars in thousands) Number of Contracts Pre-Modification Outstanding Recorded Investment Post-Modification Outstanding Recorded Investment Number of Contracts Pre-Modification Outstanding Recorded Investment Post-Modification Outstanding Recorded Investment Commercial Commercial Business — $ — $ — — $ — $ — Commercial Real Estate — — — 1 1,076 1,076 Acquisition & Development — — — — — — Total Commercial — — — 1 1,076 1,076 Residential — — — 1 90 90 Home Equity — — — — — — Consumer — — — — — — Total — $ — $ — 2 $ 1,166 $ 1,166

PREMISES AND EQUIPMENT (Tables)

PREMISES AND EQUIPMENT (Tables)	12 Months Ended
	Dec. 31, 2016
Property, Plant and Equipment [Abstract]
Schedule of Premises and Equipment	Premises and equipment at December 31, were as follows: (Dollars in thousands) 2016 2015 Land $ 3,965 $ 3,965 Buildings and improvements 16,906 16,389 Furniture, fixtures and equipment 12,127 10,980 Construction in progress 608 1,375 Leasehold improvements 1,345 1,678 34,951 34,387 Accumulated depreciation (9,870 ) (8,112 ) Net premises and equipment $ 25,081 $ 26,275

DEPOSITS (Tables)

DEPOSITS (Tables)	12 Months Ended
	Dec. 31, 2016
Deposits [Abstract]
Schedule of Deposits	Deposits at December 31, were as follows: (Dollars in thousands) 2016 2015 Demand deposits of individuals, partnerships, and corporations Noninterest bearing demand $ 115,692 $ 80,423 Interest bearing demand 414,031 473,459 Savings and money markets 280,533 128,622 Time deposits including CDs and IRAs 296,761 329,810 Total deposits $ 1,107,017 $ 1,012,314 Time deposits that meet or exceed the FDIC insurance limit $ 18,727 $ 21,690
Maturities of Time Deposits	Maturities of time deposits at December 31, 2016 were as follows (Dollars in thousands): 2017 $ 145,152 2018 74,349 2019 28,480 2020 38,513 2021 10,267 Total $ 296,761

BORROWED FUNDS (Tables)

BORROWED FUNDS (Tables)	12 Months Ended
	Dec. 31, 2016
Debt Disclosure [Abstract]
Information Related to Short-term Borrowings	Information related to short-term borrowings is summarized as follows: (Dollars in thousands) 2016 2015 2014 Balance at end of year $ 87,733 $ 179,917 $ 95,829 Average balance during the year 137,822 121,425 76,185 Maximum month-end balance 210,600 179,917 120,229 Weighted-average rate during the year 0.51 % 0.34 % 0.27 % Weighted-average rate at December 31 0.74 % 0.44 % 0.32 %
Information Related To Repurchase Agreements	Information related to repurchase agreements is summarized as follows: (Dollars in thousands) 2016 2015 2014 Balance at end of year $ 25,160 $ 27,437 $ 32,673 Average balance during the year 27,066 26,884 55,731 Maximum month-end balance 29,561 32,470 83,781 Weighted-average rate during the year 0.27 % 0.31 % 0.52 % Weighted-average rate at December 31 0.28 % 0.30 % 0.35 %
Long-term Notes from the FHLB	Long-term notes from the FHLB as of December 31, were as follows: (Dollars in thousands) 2016 2015 Fixed interest rate notes, originating between April 2002 and December 2007, due between July 2016 and April 2022, interest of between 4.50% and 5.90% payable monthly $ 2,390 $ 2,461 Amortizing fixed interest rate note, originating February 2007, due February 2022, payable in monthly installments of $5 thousand, including interest of 5.22% 798 820 $ 3,188 $ 3,281
Information Related to Subordinated Debt	Information related to subordinated debt is summarized as follows: (Dollars in thousands) 2016 2015 2014 Balance at end of year $ 33,524 $ 33,524 $ 33,524 Average balance during the year 33,524 33,524 19,361 Maximum month-end balance 33,524 33,524 33,524 Weighted-average rate during the year 6.64 % 6.57 % 6.01 % Weighted-average rate at December 31 6.63 % 6.57 % 6.53 %
Maturities of Borrowings and Subordinated Debt	A summary of maturities of borrowings and subordinated debt over the next five years is as follows (dollars in thousands): Year Amount 2017 88,348 2018 81 2019 85 2020 90 2021 886 Thereafter 34,955 $ 124,445

COMMITMENTS AND CONTINGENT LI41

COMMITMENTS AND CONTINGENT LIABILITIES (Tables)	12 Months Ended
	Dec. 31, 2016
Commitments and Contingencies Disclosure [Abstract]
Contractual Amounts of Commitments	Total contractual amounts of the commitments as of December 31, were as follows: (Dollars in thousands) 2016 2015 Available on lines of credit $ 255,469 $ 252,543 Stand-by letters of credit 13,387 7,793 Other loan commitments 1,819 1,568 $ 270,675 $ 261,904

INCOME TAXES (Tables)

INCOME TAXES (Tables)	12 Months Ended
	Dec. 31, 2016
Income Tax Disclosure [Abstract]
Provision for Income Taxes	The provisions for income taxes for the years ended December 31, were as follows: (Dollars in thousands) 2016 2015 2014 Current: Federal $ 4,885 $ 2,830 $ 862 State 1,197 591 124 $ 6,082 $ 3,421 $ 986 Deferred expense (benefit) Federal $ 665 $ (371 ) $ (1,017 ) State 42 (24 ) (65 ) 707 (395 ) (1,082 ) Income tax expense (benefit) $ 6,789 $ 3,026 $ (96 )
Reconciliation of Income Taxes at Federal Statutory Rates to Recorded Income Taxes	Following is a reconciliation of income taxes at federal statutory rates to recorded income taxes for the year ended December 31 : 2016 2015 2014 (Dollars in thousands) Amount % Amount % Amount % Tax at Federal tax rate $ 6,689 34 % $ 3,346 34 % $ 674 34 % Tax effect of: State income tax 1,197 6.0 % 246 2.5 % 50 2.5 % Tax exempt earnings (1,097 ) (5.5 )% (566 ) (5.8 )% (820 ) (41.3 )% $ 6,789 34.5 % $ 3,026 30.7 % $ (96 ) (4.8 )%
Deferred Income Tax Assets and (Liabilities)	Deferred income tax assets and (liabilities) were comprised of the following at December 31 : (Dollars in thousands) 2016 2015 Allowance for loan losses $ 2,641 $ 2,904 Minimum pension liability 1,786 1,713 Unrealized loss on securities available-for-sale 1,066 242 Gross deferred tax assets 5,493 4,859 Depreciation (1,352 ) (883 ) Pension (6 ) (43 ) Goodwill (465 ) (452 ) Gross deferred tax liabilities (1,823 ) (1,378 ) Net deferred tax asset $ 3,670 $ 3,481

RELATED PARTY TRANSACTIONS (Tab

RELATED PARTY TRANSACTIONS (Tables)	12 Months Ended
	Dec. 31, 2016
Related Party Transactions [Abstract]
Related Loan Activity	Set forth below is a summary of the related loan activity. (Dollars in thousands) Balance at Beginning of Year Borrowings Executive Officer and Director Retirements Repayments Balance at End of Year December 31, 2016 $ 42,840 $ 251,708 $ (7,194 ) $ (258,818 ) $ 28,536 December 31, 2015 $ 39,083 $ 357,230 $ — $ (353,473 ) $ 42,840

PENSION PLAN (Tables)

PENSION PLAN (Tables)	12 Months Ended
	Dec. 31, 2016
Compensation and Retirement Disclosure [Abstract]
Defined Benefit Plan Activity	Information pertaining to the activity in the Company’s defined benefit plan, using the latest available actuarial valuations with a measurement date of December 31, 2016 and 2015 is as follows: (Dollars in thousands) 2016 2015 Change in benefit obligation Benefit obligation at beginning of year $ 8,662 $ 8,173 Service cost — — Interest cost 367 315 Actuarial loss 4 276 Assumption changes 179 97 Curtailment impact — — Benefits paid (191 ) (199 ) Benefit obligation at end of year $ 9,021 $ 8,662 Change in plan assets: Fair value of plan assets at beginning of year $ 4,486 $ 4,471 Actual return on plan assets 96 (124 ) Employer contribution 182 338 Benefits paid (191 ) (199 ) Fair value of plan assets at end of year $ 4,573 $ 4,486 Funded status $ (4,448 ) $ (4,176 ) Unrecognized net actuarial loss 4,464 4,283 Unrecognized prior service cost — — Prepaid pension cost recognized $ 16 $ 107 Accumulated benefit obligation $ 9,021 $ 8,662
Weighted Average Assumptions Used	For the years December 31, 2016 , 2015 and 2014 , the weighted average assumptions used to determine net periodic pension cost are as follows: 2016 2015 2014 Discount rate 4.30 % 3.90 % 4.86 % Expected long-term rate of return on plan assets 6.75 % 6.75 % 7.50 % Rate of compensation increase n/a n/a n/a At December 31, 2016 , 2015 and 2014 , the weighted average assumptions used to determine the benefit obligation are as follows: 2016 2015 2014 Discount rate 4.05 % 4.30 % 3.90 % Rate of compensation increase n/a n/a n/a
Components of Net Periodic Pension Cost	The components of net periodic pension cost are as follows: (Dollars in thousands) 2016 2015 2014 Service cost $ — $ — $ 346 Interest cost 367 315 306 Expected return on plan assets (330 ) (316 ) (319 ) Amortization of prior service costs — — — Amortization of net actuarial loss 236 257 136 Net periodic pension cost $ 273 $ 256 $ 469
Pension Plan Asset Allocations	The Company’s pension plan asset allocations at December 31, 2016 and 2015 , as well as target allocations for 2016 are as follows: 12/31/2016 12/31/2015 Plan Assets Cash 16 % 10 % Fixed income 28 % 20 % Alternative investments 9 % 19 % Domestic equities 28 % 32 % Foreign equities 19 % 19 % Total 100 % 100 %
Plan Assets at Fair Value by Level	The following table sets forth by level, within the fair value hierarchy, as defined in Note 18, "Fair Value Measurements" of the Notes to the Consolidated Financial Statements included in Item 8, Financial Statements and Supplementary Data, of this Annual Report on Form 10-K, the Plan’s assets at fair value as of December 31, 2016 . (Dollars in thousands) Level I Level II Level III Total Assets: Cash $ 732 $ — $ — $ 732 Fixed income 1,280 — — 1,280 Alternative investments — — 412 412 Domestic equities 1,280 — — 1,280 Foreign equities 869 — — 869 Total assets at fair value $ 4,161 $ — $ 412 $ 4,573 The following table sets forth by level, within the fair value hierarchy, as defined in Note 18, "Fair Value Measurements" of the Notes to the Consolidated Financial Statements included in Item 8, Financial Statements and Supplementary Data, of this Annual Report on Form 10-K, the Plan’s assets at fair value as of December 31, 2015 . (Dollars in thousands) Level I Level II Level III Total Assets: Cash $ 449 $ — $ — $ 449 Fixed income 897 — — 897 Alternative investments — — 852 852 Domestic equities 1,436 — — 1,436 Foreign equities 852 — — 852 Total assets at fair value $ 3,634 $ — $ 852 $ 4,486
Estimate of Plan Contributions in Future Years	Below we show the best estimate of the plan contribution for next fiscal year. We also show the benefits expected to be paid in each of the next five fiscal years, and in the aggregate for the five fiscal years thereafter. (Dollars in thousands) Cash Flow Contributions for the period of 01/01/17 through 12/31/17 $ 319 Estimated future benefit payments reflecting expected future service 2017 $ 252 2018 $ 260 2019 $ 280 2020 $ 298 2021 $ 307 2022 through 2026 $ 2,104

GOODWILL AND OTHER INTANGIBLE45

GOODWILL AND OTHER INTANGIBLE ASSETS (Tables)	12 Months Ended
	Dec. 31, 2016
Goodwill and Intangible Assets Disclosure [Abstract]
Changes in Carrying Amounts of Goodwill and Other Intangibles	The table below summarizes the changes in carrying amounts of goodwill and other intangibles (core deposit intangibles) for the periods presented: Core Deposit Intangible (Dollars in thousands) Goodwill Gross Accumulated Depreciation Net Balance at January 1, 2016 $ 18,480 $ 1,006 $ (161 ) $ 845 Amortization expense — — (101 ) (101 ) Balance at December 31, 2016 $ 18,480 $ 1,006 $ (262 ) $ 744 Balance at January 1, 2015 $ 17,779 $ 128 $ (127 ) $ 1 Goodwill and core deposit intangible resulting from branch acquisition 701 878 — 878 Amortization expense — — (34 ) (34 ) Balance at December 31, 2015 $ 18,480 $ 1,006 $ (161 ) $ 845 Balance at January 1, 2014 $ 17,779 $ 128 $ (123 ) $ 5 Amortization expense — — (4 ) (4 ) Balance at December 31, 2014 $ 17,779 $ 128 $ (127 ) $ 1
Estimated Amortization Expense for Other Intangible Assets	The table below presents estimated amortization expense for the Company’s other intangible assets (dollars in thousands): 2017 $ 98 2018 96 2019 93 2020 90 2021 87 Thereafter 280 $ 744

STOCK OPTIONS (Tables)

STOCK OPTIONS (Tables)	12 Months Ended
	Dec. 31, 2016
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Stock Option Activity	The following summarizes MVB’s stock options as of and for the year ended December 31, 2016 , and the changes for the year then ended: 2016 2015 Number of Shares Weighted Average Exercise Price Number of Shares Weighted Average Exercise Price Outstanding at beginning of year 1,190,295 $ 13.15 1,355,905 $ 12.21 Granted 432,000 12.72 45,500 14.80 Exercised (55,000 ) 9.02 (204,670 ) 7.31 Forfeited/expired (67,500 ) 14.59 (6,440 ) 13.33 Outstanding at end of year 1,499,795 $ 13.11 1,190,295 $ 13.15 Exercisable at end of year 768,598 $ 12.75 542,499 $ 11.82 Weighted-average fair value of options granted during 2016 $ 2.98 Weighted-average fair value of options granted during 2015 $ 2.72 Weighted-average fair value of options granted during 2014 $ 3.05
Outstanding and Exercisable Options Information	The following summarizes information related to the total outstanding and exercisable options at December 31, 2016 : Options Outstanding Options Exercisable Total Options Weighted-Average Exercise Price Intrinsic Value Weighted-Average Remaining Life Total Options Weighted-Average Exercise Price Intrinsic Value Weighted-Average Remaining Life 1,499,795 $ 13.11 (465,921 ) 6.03 768,598 $ 12.75 37,711 4.35

REGULATORY CAPITAL REQUIREMEN47

REGULATORY CAPITAL REQUIREMENTS (Tables)	12 Months Ended
	Dec. 31, 2016
Banking and Thrift [Abstract]
Actual Capital Amounts and Ratios	The most recent notification from the Federal Deposit Insurance Corporation categorized the Bank as well capitalized under the regulatory framework for prompt corrective action. To be categorized as well capitalized, the Bank must maintain minimum total risk-based, Tier 1 risk-based, Tier 1 common equity risk-based and Tier 1 leverage ratios as set forth in the table below. Both the Company’s and the Bank’s actual capital amounts and ratios are presented in the table below. Actual Minimum to be Well Capitalized Minimum for Capital Adequacy Purposes (Dollars in thousands) Amount Ratio Amount Ratio Amount Ratio As of December 31, 2016 Total Capital (to risk-weighted assets) Consolidated $ 174,093 15.4 % n/a n/a $ 90,699 8.0 % Subsidiary Bank $ 163,394 14.5 % $ 113,027 10.0 % $ 90,422 8.0 % Tier 1 Capital (to risk-weighted assets) Consolidated $ 135,100 11.9 % n/a n/a $ 68,025 6.0 % Subsidiary Bank $ 153,737 13.6 % $ 90,422 8.0 % $ 67,816 6.0 % Common Equity Tier 1 Capital (to risk-weighted assets) Consolidated $ 114,642 10.1 % n/a n/a $ 51,018 4.5 % Subsidiary Bank $ 153,737 13.6 % $ 73,468 6.5 % $ 50,862 4.5 % Tier 1 Capital (to average assets) Consolidated $ 135,100 9.5 % n/a n/a $ 56,655 4.0 % Subsidiary Bank $ 153,737 10.9 % $ 70,651 5.0 % $ 56,521 4.0 % As of December 31, 2015 Total Capital (to risk-weighted assets) Consolidated $ 140,376 12.9 % n/a n/a $ 86,997 8.0 % Subsidiary Bank $ 132,013 12.2 % $ 108,318 10.0 % $ 86,654 8.0 % Tier 1 Capital (to risk-weighted assets) Consolidated $ 102,952 9.5 % n/a n/a $ 65,248 6.0 % Subsidiary Bank $ 123,989 11.5 % $ 86,654 8.0 % $ 64,991 6.0 % Common Equity Tier 1 Capital (to risk-weighted assets) Consolidated $ 82,494 7.6 % n/a n/a $ 48,936 4.5 % Subsidiary Bank $ 123,989 11.5 % $ 70,407 6.5 % $ 48,743 4.5 % Tier 1 Capital (to average assets) Consolidated $ 102,952 7.8 % n/a n/a $ 53,019 4.0 % Subsidiary Bank $ 123,989 9.5 % $ 65,238 5.0 % $ 52,191 4.0 %

LEASES (Tables)

LEASES (Tables)	12 Months Ended
	Dec. 31, 2016
Leases [Abstract]
Schedule of Future Minimum Operating Lease Payments	Following is a schedule by year of future minimum lease payments required under operating leases that have initial or remaining non-cancelable lease terms in excess of one year as of December 31, 2016 : (Dollars in thousands) Years ended December 31: 2017 $ 1,898 2018 1,561 2019 965 2020 842 2021 869 Thereafter 5,001 Total minimum payments required: $ 11,136

FAIR VALUE OF FINANCIAL INSTR49

FAIR VALUE OF FINANCIAL INSTRUMENTS (Tables)	12 Months Ended
	Dec. 31, 2016
Fair Value Disclosures [Abstract]
Carrying Values and Estimated Fair Values of Financial Instruments	The carrying values and estimated fair values of the Company’s financial instruments are summarized as follows: Fair Value Measurements at: (Dollars in thousands) Carrying Value Estimated Fair Value Quoted Prices in Active Markets for Identical Assets (Level I) Significant Other Observable Inputs (Level II) Significant Unobservable Inputs (Level III) December 31, 2016 Financial assets: Cash and cash equivalents $ 17,340 $ 17,340 $ 17,340 $ — $ — Certificates of deposits with other banks 14,527 14,985 — 14,985 — Securities available-for-sale 162,368 162,368 — 162,368 — Loans held for sale 90,174 90,174 — 90,174 — Loans, net 1,043,764 1,035,437 — — 1,035,437 Mortgage servicing rights 190 190 — — 190 Interest rate lock commitment 1,546 1,546 — — 1,546 Mortgage-backed security hedges 372 372 — 372 — Interest rate swap 250 250 — 250 — Interest rate cap 268 268 — 268 — Accrued interest receivable 3,951 3,951 — 1,002 2,949 Financial liabilities: Deposits $ 1,107,017 $ 1,116,174 $ — $ 1,116,174 $ — Repurchase agreements 25,160 25,160 — 25,160 — FHLB and other borrowings 90,921 90,919 — 90,919 — Interest rate swap 250 250 — 250 — Accrued interest payable 741 741 — 741 — Subordinated debt 33,524 32,275 — 32,275 — December 31, 2015 Financial assets: Cash and cash equivalents $ 29,133 $ 29,133 $ 29,133 $ — $ — Certificates of deposits with other banks 13,150 13,270 — 13,270 — Securities available-for-sale 70,256 70,256 — 70,256 — Securities held-to-maturity 52,859 54,470 — 54,470 — Loans held for sale 102,623 102,623 — 102,623 — Loans, net 1,024,164 1,034,832 — — 1,034,832 Mortgage servicing rights 956 956 — — 956 Interest rate lock commitment 1,537 1,537 — — 1,537 Interest rate swap 405 405 — 405 — Interest rate cap 437 437 — 437 — Accrued interest receivable 3,356 3,356 — 723 2,633 Financial liabilities: Deposits $ 1,012,314 $ 1,015,521 $ — $ 1,015,521 $ — Repurchase agreements 27,437 27,437 — 27,437 — FHLB and other borrowings 183,198 183,211 — 183,211 — Mortgage-backed security hedges 19 19 — 19 — Interest rate swap 405 405 — 405 — Accrued interest payable 474 474 — 474 — Subordinated debt 33,524 32,172 — 32,172 —

FAIR VALUE MEASUREMENTS (Tables

FAIR VALUE MEASUREMENTS (Tables)	12 Months Ended
	Dec. 31, 2016
Fair value of assets and liabilities
Schedule of Recurring Level III Assets	The following table represents recurring level III assets: Interest Rate Lock Commitments December 31, 2016 December 31, 2015 (Dollars in thousands) Balance, beginning of period $ 1,537 $ 1,020 Realized and unrealized gains included in earnings 9 517 Balance, end of period $ 1,546 $ 1,537
Quantitative Information About the Level III Significant Unobservable Inputs for Assets and Liabilities Measured at Fair Value on Nonrecurring Basis	The following tables presents quantitative information about the Level III significant unobservable inputs for assets and liabilities measured at fair value at December 31, 2016 and 2015 . Quantitative Information about Level III Fair Value Measurements (Dollars in thousands) Fair Value Valuation Technique Unobservable Input Range December 31, 2016 Nonrecurring measurements: Impaired loans $ 11,609 Appraisal of collateral 1 Appraisal adjustments 2 20% - 62% Liquidation expense 2 5% - 10% Other real estate owned $ 414 Appraisal of collateral 1 Appraisal adjustments 2 20% - 30% Liquidation expense 2 5% - 10% Recurring measurements: Interest rate lock commitments $ 1,546 Pricing model Pull through rates 73% - 85% Quantitative Information about Level III Fair Value Measurements (Dollars in thousands) Fair Value Valuation Technique Unobservable Input Range December 31, 2015 Nonrecurring measurements: Impaired loans $ 14,362 Appraisal of collateral 1 Appraisal adjustments 2 20% - 62% Liquidation expense 2 5% - 10% Other real estate owned $ 239 Appraisal of collateral 1 Appraisal adjustments 2 20% - 30% Liquidation expense 2 5% - 10% Recurring measurements: Interest rate lock commitments $ 1,537 Pricing model Pull through rates 76% - 85% 1 Fair value is generally determined through independent appraisals of the underlying collateral, which generally include various level III inputs which are not identifiable. 2 Appraisals may be adjusted by management for qualitative factors such as economic conditions and estimated liquidation expenses. The range and weighted average of liquidation expenses and other appraisal adjustments are presented as a percent of the appraisal.
Recurring
Fair value of assets and liabilities
Financial Assets and Liabilities Measured at Fair Value	The following tables present the assets reported on the consolidated statements of financial condition at their fair value on a recurring basis as of December 31, 2016 and 2015 by level within the fair value hierarchy. Financial assets and liabilities are classified in their entirety based on the lowest level of input that is significant to the fair value measurement. December 31, 2016 (Dollars in thousands) Level I Level II Level III Total Assets: U.S. Government Agency securities $ — $ 28,816 $ — $ 28,816 U.S. Sponsored Mortgage backed securities — 54,732 — 54,732 Municipal securities — 70,796 — 70,796 Equity and other securities — 8,024 — 8,024 Loans held for sale — 90,174 — 90,174 Interest rate lock commitment — — 1,546 1,546 Mortgage-backed security hedges — 372 — 372 Interest rate swap — 250 — 250 Interest rate cap — 268 — 268 Liabilities: Interest rate swap — 250 — 250 December 31, 2015 (Dollars in thousands) Level I Level II Level III Total Assets: U.S. Government Agency securities $ — $ 29,351 $ — $ 29,351 U.S. Sponsored Mortgage backed securities — 33,714 — 33,714 Municipal securities — 1,798 — 1,798 Equity and other securities — 5,393 — 5,393 Loans held for sale — 102,623 — 102,623 Interest rate lock commitment — — 1,537 1,537 Interest rate swap — 405 — 405 Interest rate cap — 437 — 437 Liabilities: Interest rate swap — 405 — 405 Mortgage-backed security hedges — 19 — 19
Non-recurring
Fair value of assets and liabilities
Financial Assets and Liabilities Measured at Fair Value	Assets measured at fair value on a nonrecurring basis as of December 31, 2016 and 2015 are included in the table below: (Dollars in thousands) December 31, 2016 Level I Level II Level III Total Impaired loans $ — $ — $ 11,609 $ 11,609 Other real estate owned — — 414 414 (Dollars in thousands) December 31, 2015 Level I Level II Level III Total Impaired loans $ — $ — $ 14,362 $ 14,362 Other real estate owned — — 239 239

COMPREHENSIVE INCOME (Tables)

COMPREHENSIVE INCOME (Tables)	12 Months Ended
	Dec. 31, 2016
Comprehensive Income (Loss), Net of Tax, Attributable to Parent [Abstract]
Reclassification Out of Accumulated Other Comprehensive Income	The following tables present the components of accumulated other comprehensive income (“AOCI”) for the years ended December 31 : (Dollars in thousands) 2016 2015 2014 Details about AOCI Components Amount Reclassified from AOCI Amount Reclassified from AOCI Amount Reclassified from AOCI Affected line item in the Statement where Net Income is presented Available-for-sale securities Unrealized holding gains $ 1,082 $ 130 $ 413 Gain on sale of securities 1,082 130 413 Total before tax (433 ) (52 ) (165 ) Income tax expense 649 78 248 Net of tax Defined benefit pension plan items Amortization of net actuarial loss (236 ) (257 ) (136 ) Salaries and benefits (236 ) (257 ) (136 ) Total before tax 94 103 54 Income tax expense (142 ) (154 ) (82 ) Net of tax Total reclassifications $ 507 $ (76 ) $ 166
Components of Accumulated Other Comprehensive Income	(Dollars in thousands) Unrealized gains (losses) on available for-sale securities Defined benefit pension plan items Total Balance at January 1, 2016 $ (363 ) $ (2,570 ) $ (2,933 ) Other comprehensive loss before reclassification (586 ) (251 ) (837 ) Amounts reclassified from AOCI (649 ) 142 (507 ) Net current period OCI (1,235 ) (109 ) (1,344 ) Balance at December 31, 2016 $ (1,598 ) $ (2,679 ) $ (4,277 ) Balance at January 1, 2015 $ (406 ) $ (2,236 ) $ (2,642 ) Other comprehensive loss before reclassification 121 (488 ) (367 ) Amounts reclassified from AOCI (78 ) 154 76 Net current period OCI 43 (334 ) (291 ) Balance at December 31, 2015 $ (363 ) $ (2,570 ) $ (2,933 )

CONDENSED FINANCIAL STATEMENT52

CONDENSED FINANCIAL STATEMENTS OF PARENT COMPANY (Tables)	12 Months Ended
	Dec. 31, 2016
Condensed Financial Information of Parent Company Only Disclosure [Abstract]
Condensed Balance Sheets	Information relative to the parent company’s condensed balance sheets at December 31, 2016 and 2015 , and the related condensed statements of income and cash flows for the years ended December 31, 2016 , 2015 and 2014 are presented below: Condensed Balance Sheets December 31, (Dollars in thousands) 2016 2015 Assets Cash $ 7,699 $ 3,440 Investment in subsidiaries 168,325 142,057 Other assets 4,316 3,012 Total assets $ 180,340 $ 148,509 Liabilities and stockholders’ equity Other liabilities $ 1,191 $ 273 Long-term debt 33,524 33,524 Total liabilities 34,715 33,797 Total stockholders’ equity 145,625 114,712 Total liabilities and stockholders’ equity $ 180,340 $ 148,509
Condensed Statements of Income	Condensed Statements of Income Year ended December 31, (Dollars in thousands) 2016 2015 2014 Income - dividends from bank subsidiary $ 9,241 $ 7,744 $ 7,471 Expenses - operating 11,307 8,988 7,331 Income (loss) before income taxes and undistributed earnings - continuing operations (2,066 ) (1,244 ) 140 Income tax (benefit) - continuing operations (2,072 ) (1,597 ) (992 ) Income after tax from continuing operations 6 353 1,132 Income before income taxes and undistributed earnings - discontinued operations 6,926 — — Income tax - discontinued operations 2,629 — — Income after tax from discontinued operations 4,297 — — Equity in undistributed income earnings of subsidiaries 8,609 6,463 947 Net Income $ 12,912 $ 6,816 $ 2,079 Preferred dividends $ 1,128 $ 575 $ 332 Net Income available to common shareholders $ 11,784 $ 6,241 $ 1,747
Condensed Statements of Cash Flows	Condensed Statements of Cash Flows (Dollars in thousands) 2016 2015 2014 OPERATING ACTIVITIES Net Income $ 12,912 $ 6,816 $ 2,079 Equity in undistributed earnings of subsidiaries (8,609 ) (6,463 ) (947 ) (Decrease) in other assets (612 ) (529 ) (1,778 ) Decrease (increase) in other liabilities 920 (261 ) 436 Stock option expense 568 413 321 Net cash provided by (used in) operating activities 5,179 (24 ) 111 INVESTING ACTIVITIES Investment in subsidiary (19,697 ) (400 ) (37,042 ) Net cash used in investing activities (19,697 ) (400 ) (37,042 ) FINANCING ACTIVITIES Proceeds of stock offering 20,519 — 5,588 Dividend reinvestment plan — — 180 Proceeds from subordinated debt — — 29,400 Preferred stock issuance — — 7,834 Common stock options exercised 32 (448 ) 63 Cash dividends paid on common stock (646 ) (641 ) (636 ) Cash dividends paid on preferred stock (1,128 ) (575 ) (332 ) Net cash provided by (used in) financing activities 18,777 (1,664 ) 42,097 Increase (decrease) in cash 4,259 (2,088 ) 5,166 Cash at beginning of period 3,440 5,528 362 Cash at end of period $ 7,699 $ 3,440 $ 5,528

SEGMENT REPORTING (Tables)

SEGMENT REPORTING (Tables)	12 Months Ended
	Dec. 31, 2016
Segment Reporting [Abstract]
Information About the Reportable Segments and Reconciliation to the Consolidated Financial Statements	Information about the reportable segments and reconciliation to the consolidated financial statements for the years ended December 31, 2016 , 2015 , and 2014 are as follows: 2016 (Dollars in thousands) Commercial & Retail Banking Mortgage Banking Financial Holding Company Insurance Intercompany Eliminations Consolidated Revenues: Interest income $ 50,413 $ 4,285 $ 3 $ — $ (578 ) $ 54,123 Mortgage fee income (252 ) 36,960 — — (1,035 ) 35,673 Insurance and investment services income 420 — — — — 420 Other income 5,485 1,674 5,247 — (5,294 ) 7,112 Total operating income 56,066 42,919 5,250 — (6,907 ) 97,328 Expenses: Interest expense 8,437 2,082 2,226 — (1,613 ) 11,132 Salaries and employee benefits 11,592 27,696 5,937 — — 45,225 Provision for loan losses 3,632 — — — — 3,632 Other expense 18,009 8,125 3,144 — (5,294 ) 23,984 Total operating expenses 41,670 37,903 11,307 — (6,907 ) 83,973 Income (loss) from continuing operations, before income taxes 14,396 5,016 (6,057 ) — — 13,355 Income tax expense (benefit) - continuing operations 4,496 1,954 (2,072 ) — — 4,378 Net income (loss) from continuing operations 9,900 3,062 (3,985 ) — — 8,977 Income (loss) from discontinued operations — — 6,926 (580 ) — 6,346 Income tax expense (benefit) - discontinued operations $ — $ — $ 2,629 $ (218 ) $ — $ 2,411 Net income (loss) from discontinued operations $ — $ — $ 4,297 $ (362 ) $ — $ 3,935 Net income (loss) $ 9,900 $ 3,062 $ 312 $ (362 ) $ — $ 12,912 Preferred stock dividends — — 1,128 — — 1,128 Net income (loss) available to common shareholders 9,900 3,062 (816 ) (362 ) — 11,784 Capital Expenditures for the year ended December 31, 2016 $ 1,145 $ 220 $ 303 $ — $ — $ 1,668 Total Assets as of December 31, 2016 1,415,735 122,242 180,340 — (299,513 ) 1,418,804 Goodwill as of December 31, 2016 1,598 16,882 — — — 18,480 2015 (Dollars in thousands) Commercial & Retail Banking Mortgage Banking Financial Holding Company Insurance Intercompany Eliminations Consolidated Revenues: Interest income $ 40,524 $ 3,882 $ 2 $ — $ (308 ) $ 44,100 Mortgage fee income 7 30,560 — — (1,095 ) 29,472 Insurance and investment services income 338 — — — — 338 Other income 3,721 1,673 4,331 — (4,580 ) 5,145 Total operating income 44,590 36,115 4,333 — (5,983 ) 79,055 Expenses: Interest expense 6,776 1,647 2,204 — (1,402 ) 9,225 Salaries and employee benefits 11,049 20,774 4,250 — — 36,073 Provision for loan losses 2,493 — — — — 2,493 Other expense 16,132 7,471 2,534 — (4,362 ) 21,775 Total operating expenses 36,450 29,892 8,988 — (5,764 ) 69,566 Income (loss) from continuing operations, before income taxes 8,140 6,223 (4,655 ) — (219 ) 9,489 Income tax expense (benefit) - continuing operations 2,176 2,394 (1,597 ) — (87 ) 2,886 Net income (loss) from continuing operations 5,964 3,829 (3,058 ) — (132 ) 6,603 Income (loss) from discontinued operations — — — 134 219 353 Income tax expense (benefit) - discontinued operations $ — $ — $ — $ 53 $ 87 $ 140 Net income (loss) from discontinued operations $ — $ — $ — $ 81 $ 132 $ 213 Net income (loss) $ 5,964 $ 3,829 $ (3,058 ) $ 81 $ — $ 6,816 Preferred stock dividends — — 575 — — 575 Net income (loss) available to common shareholders 5,964 3,829 (3,633 ) 81 — 6,241 Capital Expenditures for the year ended December 31, 2015 $ 1,174 $ 354 $ 616 $ 9 $ — $ 2,153 Total Assets as of December 31, 2015 1,378,988 125,227 148,509 5,017 (273,265 ) 1,384,476 Goodwill as of December 31, 2015 1,598 16,882 — — — 18,480 2014 (Dollars in thousands) Commercial & Retail Banking Mortgage Banking Financial Holding Company Insurance Intercompany Eliminations Consolidated Revenues: Interest income $ 33,175 $ 2,645 $ 2 $ — $ 346 $ 36,168 Mortgage fee income 64 18,691 — — (1,198 ) 17,557 Insurance and investment services income 328 — — — — 328 Other income 4,458 (2 ) 4,357 — (4,676 ) 4,137 Total operating income 38,025 21,334 4,359 — (5,528 ) 58,190 Expenses: Interest expense 5,663 1,063 1,703 — (918 ) 7,511 Salaries and employee benefits 9,629 14,487 3,658 — — 27,774 Provision for loan losses 2,582 — — — — 2,582 Other expense 13,994 5,990 1,970 — (4,534 ) 17,420 Total operating expenses 31,868 21,540 7,331 — (5,452 ) 55,287 Income (loss) from continuing operations, before income taxes 6,157 (206 ) (2,972 ) — (76 ) 2,903 Income tax expense (benefit) - continuing operations 1,326 (57 ) (993 ) — (28 ) 248 Net income (loss) from continuing operations 4,831 (149 ) (1,979 ) — (48 ) 2,655 Income (loss) from discontinued operations — — — (996 ) 76 (920 ) Income tax expense (benefit) - discontinued operations $ — $ — $ — $ (372 ) $ 28 $ (344 ) Net income (loss) from discontinued operations $ — $ — $ — $ (624 ) $ 48 $ (576 ) Net income (loss) $ 4,831 $ (149 ) $ (1,979 ) $ (624 ) $ — $ 2,079 Preferred stock dividends — — 332 — — 332 Net income (loss) available to common shareholders 4,831 (149 ) (2,311 ) (624 ) — 1,747 Capital Expenditures for the year ended December 31, 2014 $ 9,072 $ 333 $ 40 $ 353 $ — $ 9,798 Total Assets as of December 31, 2014 1,048,101 101,791 146,137 4,031 (189,601 ) 1,110,459 Goodwill as of December 31, 2014 897 16,882 — — — 17,779

MERGERS AND ACQUISITIONS (Table

MERGERS AND ACQUISITIONS (Tables)	12 Months Ended
	Dec. 31, 2016
Business Combinations [Abstract]
Summary of Net Liabilities Assumed	The following is a summary of net liabilities assumed: (Dollars in thousands) Net assets acquired: Cash received in transaction $ 47,962 Cash on hand 330 Loans 18,200 Bank premises, furniture and equipment 609 Accrued interest receivable and other assets 62 Core deposit intangible 878 68,041 Deposits 68,697 Accrued interest payable and other liabilities 45 68,742 Net liabilities assumed (701 ) Goodwill 701 $ —
Acquisition Related Costs Included in Consolidated Statements of Income	The following acquisition related costs are included in the consolidated statements of income for the periods indicated: Year ended Year ended Year ended (Dollars in thousands) December 31, 2016 December 31, 2015 December 31, 2014 Professional fees $ — $ 471 $ 183 Marketing — 29 4 Printing, postage and supplies — 71 9 Equipment depreciation and maintenance — — 26 Travel and entertainment — 50 88 Data processing and communications — 76 — Other operating expense — 25 — Total $ — $ 722 $ 310

DISCONTINUED OPERATIONS (Tables

DISCONTINUED OPERATIONS (Tables)	12 Months Ended
	Dec. 31, 2016
Discontinued Operations and Disposal Groups [Abstract]
Assets and Liabilities and Operations of Discontinued Operations	Assets and liabilities of discontinued operations at the dates indicated were as follows: (Dollars in thousands) 2016 2015 ASSETS Cash and cash equivalents: Cash and due from banks $ — $ 2,245 Total cash and cash equivalents — 2,245 Premises and equipment — 618 Accrued interest receivable and other assets — 2,154 TOTAL ASSETS $ — $ 5,017 LIABILITIES AND STOCKHOLDERS’ EQUITY Accrued interest payable and other liabilities — 2,834 Total liabilities — 2,834 STOCKHOLDERS’ EQUITY Retained earnings — 2,183 Total stockholders’ equity — 2,183 TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY $ — $ 5,017 Net income (losses) from discontinued operations, net of tax, for the years ended December 31, 2016 , 2015 , and 2014 , were as follows: (Dollars in thousands) 2016 2015 2014 NONINTEREST INCOME Insurance and investment services income $ 1,887 $ 4,733 $ 3,523 Gain on sale of subsidiary 6,926 — — Other operating income 2 6 — Total noninterest income 8,815 4,739 3,523 NONINTEREST EXPENSES Salary and employee benefits 1,937 3,603 3,417 Occupancy expense 124 281 245 Equipment depreciation and maintenance 29 57 56 Data processing and communications 79 105 97 Marketing, contributions and sponsorships 7 25 26 Professional fees 2 23 308 Printing, postage and supplies 12 19 41 Insurance, tax and assessment expense 58 136 96 Travel, entertainment, dues and subscriptions 67 119 132 Other operating expenses 154 18 25 Total noninterest expense 2,469 4,386 4,443 Income (loss) from discontinued operations, before income taxes 6,346 353 (920 ) Income tax expense (benefit) - discontinued operations 2,411 140 (344 ) Net Income (loss) from discontinued operations $ 3,935 $ 213 $ (576 )

QUARTERLY FINANCIAL DATA (UNA56

QUARTERLY FINANCIAL DATA (UNAUDITED) (Tables)	12 Months Ended
	Dec. 31, 2016
Quarterly Financial Information Disclosure [Abstract]
Schedule of Quarterly Financial Data	Earnings Per Share (Dollars in thousands) Interest Income Net Interest Income Income Before Taxes Net Income Basic Diluted 2016 First quarter $ 13,382 $ 10,695 $ 2,612 $ 1,796 $ 0.20 $ 0.20 Second quarter 13,580 10,742 10,228 6,499 0.77 0.63 Third quarter 13,523 10,729 3,441 2,310 0.25 0.24 Fourth quarter 13,638 10,825 3,420 2,307 0.23 0.22 Earnings Per Share (Dollars in thousands) Interest Income Net Interest Income Income Before Taxes Net Income Basic Diluted 2015 First quarter $ 9,638 $ 7,547 $ 3,332 $ 2,103 $ 0.25 $ 0.24 Second quarter 10,694 8,426 2,688 1,905 0.22 0.23 Third quarter 11,416 9,018 1,912 1,406 0.16 0.17 Fourth quarter 12,352 9,884 1,910 1,402 0.16 0.15

SUMMARY OF SIGNIFICANT ACCOUN57

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Other Narrative (Details) $ / shares in Units, $ in Thousands	Jun. 30, 2016USD ($)	Dec. 31, 2013USD ($)subsidiary	Dec. 31, 2016USD ($)segmentoffice$ / shares	Dec. 31, 2015USD ($)	Dec. 31, 2014USD ($)	Sep. 30, 2013	Dec. 31, 2012
Summary of Significant Accounting Policies [Line Items]
Number of subsidiaries merged into company | subsidiary		3
Loan indemnification reserve			$ 200	$ 150
Number of reportable segments | segment			3
Period past due for loans to be considered as delinquent			90 days
Minimum period loans are past due as condition for determining whether impaired			90 days
Total loans serviced for others			$ 190	956
Amortization taken on servicing asset			1,000	915	$ 574
Loans serviced			296,400	334,500
Goodwill		$ 17,779	18,480	18,480	17,779
Other real estate			414	239
Marketing expense			$ 1,253	1,352	1,137
Minimum | Building and Leasehold Improvements
Summary of Significant Accounting Policies [Line Items]
Estimated useful lives			7 years
Minimum | Furniture, Fixtures And Equipment
Summary of Significant Accounting Policies [Line Items]
Estimated useful lives			3 years
Maximum | Building and Leasehold Improvements
Summary of Significant Accounting Policies [Line Items]
Estimated useful lives			40 years
Maximum | Furniture, Fixtures And Equipment
Summary of Significant Accounting Policies [Line Items]
Estimated useful lives			10 years
MVB Mortgage
Summary of Significant Accounting Policies [Line Items]
Number of mortgage only offices | office			11
Subsidiary Bank
Summary of Significant Accounting Policies [Line Items]
FHLB stock			$ 5,800	8,600
FHLB stock par value (in dollars per share) | $ / shares			$ 100
Lender Service Provider, LLC
Summary of Significant Accounting Policies [Line Items]
Ownership interest						25.00%	50.00%
Discontinued Operations, Disposed of by Sale | USI Insurance Services
Summary of Significant Accounting Policies [Line Items]
Gain on sale of subsidiary	$ 6,900		$ 6,926	0	0
Core Deposit Intangible
Summary of Significant Accounting Policies [Line Items]
Useful life of intangible asset			10 years
Finite-lived intangible assets, net		$ 5	$ 744	$ 845	$ 1

SUMMARY OF SIGNIFICANT ACCOUN58

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Derivative Instruments (Details)	3 Months Ended	12 Months Ended
	Dec. 31, 2016USD ($)	Dec. 31, 2016USD ($)quarter	Dec. 31, 2015USD ($)	Dec. 31, 2014USD ($)
Minimum
Derivative [Line Items]
Period between issuance of a loan commitment and closing and sale of the loan		30 days
Maximum
Derivative [Line Items]
Period between issuance of a loan commitment and closing and sale of the loan		120 days
Mortgage Banking
Derivative [Line Items]
One-time expense from revision in accounting estimate	$ 706,000
Level III
Derivative [Line Items]
Interest rate lock commitments	1,546,000	$ 1,546,000	$ 1,537,000	$ 1,020,000
Interest Rate Cap
Derivative [Line Items]
Notional amount	$ 100,000,000	$ 100,000,000
Rate protection transaction term		5 years
Number of quarterly caps | quarter		20
Fixed cost		$ 1,500,000
LIBOR | Interest Rate Cap
Derivative [Line Items]
Description of variable rate basis		3 month LIBOR
Strike price	3.00%	3.00%
Forward Sales Commitments
Derivative [Line Items]
Derivative liability	$ 0	$ 0	0
Carrying Value | Interest Rate Cap
Derivative [Line Items]
Derivative asset	268,000	268,000	437,000
Carrying Value | Interest Rate Swap
Derivative [Line Items]
Derivative liability	250,000	250,000	405,000
Derivative asset	$ 250,000	$ 250,000	$ 405,000

SUMMARY OF SIGNIFICANT ACCOUN59

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Earnings Per Share (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended								12 Months Ended
	Dec. 31, 2016	Sep. 30, 2016	Jun. 30, 2016	Mar. 31, 2016	Dec. 31, 2015	Sep. 30, 2015	Jun. 30, 2015	Mar. 31, 2015	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Numerator for basic earnings per share:
Net Income (loss) from continuing operations									$ 8,977	$ 6,603	$ 2,655
Less: Dividends on preferred stock									1,128	575	332
Net Income from continuing operations available to common shareholders - basic									7,849	6,028	2,323
Net Income (loss) from discontinued operations									3,935	213	(576)
Net Income available to common shareholders									11,784	6,241	1,747
Numerator for diluted earnings per share:
Net Income from continuing operations available to common shareholders - basic									7,849	6,028	2,323
Add: Dividends on preferred stock									0	0	0
Add: Interest on subordinated debt (tax effected)									1,390	0	0
Net Income available to common shareholders from continuing operations - diluted									$ 9,239	$ 6,028	$ 2,323
Denominator:
Total average shares outstanding (in shares)									8,212,021	8,014,316	7,905,468
Effect of dilutive convertible preferred stock (in shares)									0	0	0
Effect of dilutive convertible subordinated debt (in shares)									1,837,500	0	0
Effect of dilutive stock options (in shares)									19,212	125,800	196,649
Total diluted average shares outstanding (in shares)									10,068,733	8,140,116	8,102,117
Earnings per share from continuing operations - basic (in dollars per share)									$ 0.96	$ 0.75	$ 0.29
Earnings per share from discontinued operations - basic (in dollars per share)									0.48	0.03	(0.07)
Earnings per common shareholder - basic (in dollars per share)	$ 0.23	$ 0.25	$ 0.77	$ 0.20	$ 0.16	$ 0.16	$ 0.22	$ 0.25	1.44	0.78	0.22
Earnings per share from continuing operations - diluted (in dollars per share)									0.92	0.74	0.29
Earnings per share from discontinued operations - diluted (in dollars per share)									0.39	0.03	(0.07)
Earnings per common shareholder - diluted (in dollars per share)	$ 0.22	$ 0.24	$ 0.63	$ 0.20	$ 0.15	$ 0.17	$ 0.23	$ 0.24	$ 1.31	$ 0.77	$ 0.22

INVESTMENT SECURITIES - Held-to

INVESTMENT SECURITIES - Held-to-maturity (Details) - USD ($)	3 Months Ended	12 Months Ended
	Mar. 31, 2016	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Investments, Debt and Equity Securities [Abstract]
Held-to-maturity securities transferred to available-for-sale securities	$ 52,400,000
Held-to-maturity securities transferred to available-for-sale securities, unrealized holding gains	$ 1,800,000	$ 1,825,000	$ 0	$ 0
Amortized cost and fair values of investment securities held-to-maturity
Amortized Cost		0	52,859,000
Unrealized Gain			1,699,000
Unrealized Loss			(88,000)
Fair Value		$ 0	54,470,000
Municipal securities
Amortized cost and fair values of investment securities held-to-maturity
Amortized Cost			52,859,000
Unrealized Gain			1,699,000
Unrealized Loss			(88,000)
Fair Value			$ 54,470,000

INVESTMENT SECURITIES - Availab

INVESTMENT SECURITIES - Available-for-sale (Details) - USD ($) $ in Thousands	Dec. 31, 2016	Dec. 31, 2015
Amortized cost and fair values of investment securities available-for-sale
Amortized Cost	$ 165,032	$ 70,862
Unrealized Gain	1,146	119
Unrealized Loss	(3,810)	(725)
Fair Value	162,368	70,256
Total debt securities
Amortized cost and fair values of investment securities available-for-sale
Amortized Cost	157,389	65,553
Unrealized Gain	765	24
Unrealized Loss	(3,810)	(714)
Fair Value	154,344	64,863
U. S. Agency securities
Amortized cost and fair values of investment securities available-for-sale
Amortized Cost	29,234	29,532
Unrealized Gain	7	0
Unrealized Loss	(425)	(181)
Fair Value	28,816	29,351
U.S. Sponsored Mortgage-backed securities
Amortized cost and fair values of investment securities available-for-sale
Amortized Cost	56,080	34,246
Unrealized Gain	14	1
Unrealized Loss	(1,362)	(533)
Fair Value	54,732	33,714
Municipal securities
Amortized cost and fair values of investment securities available-for-sale
Amortized Cost	72,075	1,775
Unrealized Gain	744	23
Unrealized Loss	(2,023)	0
Fair Value	70,796	1,798
Equity and other securities
Amortized cost and fair values of investment securities available-for-sale
Amortized Cost	7,643	5,309
Unrealized Gain	381	95
Unrealized Loss	0	(11)
Fair Value	$ 8,024	$ 5,393

INVESTMENT SECURITIES - Summary

INVESTMENT SECURITIES - Summary of Maturities (Details) - USD ($) $ in Thousands	Dec. 31, 2016	Dec. 31, 2015
Available for sale, Amortized Cost
Within one year	$ 1,277
After one year, but within five	11,176
After five years, but within ten	14,666
After ten Years	130,270
Total	157,389
Available for sale, Fair Value
Within one year	1,280
After one year, but within five	11,244
After five years, but within ten	14,487
After ten Years	127,333
Total	154,344
Carrying value of investment securities pledged	$ 82,700	$ 106,400

INVESTMENT SECURITIES - Summa63

INVESTMENT SECURITIES - Summary of Unrealized Loss Positions (Details)	12 Months Ended
	Dec. 31, 2016USD ($)security	Dec. 31, 2015USD ($)security	Dec. 31, 2014USD ($)
Investments in an unrealized loss position
Amount of pretax loss if securities in an unrealized loss position are sold	$ 3,800,000
Available-for sale Securities, Unrealized Loss Position
Less than 12 months, fair value	104,750,000
Less than 12 months, unrealized loss	(3,488,000)
12 months or more, fair value	13,919,000
12 months or more, unrealized loss	(322,000)
Available-for-sale and Held-to-Maturity Securities, Unrealized Loss Position
Less than 12 months, fair value		$ 55,314,000
Less than 12 months, unrealized loss		(457,000)
12 months or more, fair value		17,421,000
12 months or more, unrealized loss		(356,000)
Available-for-sale Securities
Sales of investment securities	55,191,000	12,912,000	$ 61,299,000
Gains on the sale of investments	1,100,000	125,000	553,000
Losses on the sale of investments	2,000	0	140,000
Held-to-maturity Securities
Sales of investment securities	$ 0	421,000	$ 0
Gains on the sale of held-to-maturity securities		$ 5,000
U. S. Agency securities
Description and Number of Positions
Number of investments in an unrealized loss position, AFS | security	16	9
Available-for sale Securities, Unrealized Loss Position
Less than 12 months, fair value	$ 28,814,000	$ 28,351,000
Less than 12 months, unrealized loss	(425,000)	(181,000)
12 months or more, fair value	0	0
12 months or more, unrealized loss	$ 0	$ 0
U.S. Sponsored Mortgage-backed securities
Description and Number of Positions
Number of investments in an unrealized loss position, AFS | security	29	19
Available-for sale Securities, Unrealized Loss Position
Less than 12 months, fair value	$ 33,209,000	$ 20,647,000
Less than 12 months, unrealized loss	(1,040,000)	(233,000)
12 months or more, fair value	13,919,000	11,862,000
12 months or more, unrealized loss	$ (322,000)	$ (300,000)
Municipal securities
Description and Number of Positions
Number of investments in an unrealized loss position, AFS | security	86
Number of investments in an unrealized loss position, HTM | security		22
Available-for sale Securities, Unrealized Loss Position
Less than 12 months, fair value	$ 42,727,000
Less than 12 months, unrealized loss	(2,023,000)
12 months or more, fair value	0
12 months or more, unrealized loss	$ 0
Held-to-maturity Securities, Unrealized Loss Position
Less than 12 months, fair value		$ 3,827,000
Less than 12 months, unrealized loss		(32,000)
12 months or more, fair value		5,559,000
12 months or more, unrealized loss		$ (56,000)
Equity and other securities
Description and Number of Positions
Number of investments in an unrealized loss position, AFS | security		1
Available-for sale Securities, Unrealized Loss Position
Less than 12 months, fair value		$ 2,489,000
Less than 12 months, unrealized loss		(11,000)
12 months or more, fair value		0
12 months or more, unrealized loss		$ 0

LOANS AND ALLOWANCE FOR LOAN 64

LOANS AND ALLOWANCE FOR LOAN LOSSES - Loan Summary (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Components of loans
Proceeds of loans sold	$ 1,691,572	$ 1,338,341	$ 881,323
Mortgage fee income	35,673	29,472	$ 17,557
Total loans	1,052,865	1,032,170
Net deferred fees	897	1,100
Commercial and Non-Residential Real Estate
Components of loans
Total loans	757,516	729,319
Residential Real Estate
Components of loans
Total loans	215,452	217,366
Home Equity
Components of loans
Total loans	65,386	68,124
Consumer
Components of loans
Total loans	$ 14,511	$ 17,361

LOANS AND ALLOWANCE FOR LOAN 65

LOANS AND ALLOWANCE FOR LOAN LOSSES - Primary Segments (Details) - USD ($) $ in Thousands	Dec. 31, 2016	Dec. 31, 2015
Primary segments of the loan portfolio:
Individually evaluated for impairment	$ 12,152	$ 15,375
Collectively evaluated for impairment	1,040,713	1,016,795
Total loans	1,052,865	1,032,170
Commercial
Primary segments of the loan portfolio:
Individually evaluated for impairment	10,781	14,177
Collectively evaluated for impairment	746,735	715,142
Total loans	757,516	729,319
Residential
Primary segments of the loan portfolio:
Individually evaluated for impairment	1,161	1,067
Collectively evaluated for impairment	214,291	216,299
Total loans	215,452	217,366
Home Equity
Primary segments of the loan portfolio:
Individually evaluated for impairment	132	28
Collectively evaluated for impairment	65,254	68,096
Total loans	65,386	68,124
Consumer
Primary segments of the loan portfolio:
Individually evaluated for impairment	78	103
Collectively evaluated for impairment	14,433	17,258
Total loans	$ 14,511	$ 17,361

LOANS AND ALLOWANCE FOR LOAN 66

LOANS AND ALLOWANCE FOR LOAN LOSSES - Impaired Loans (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Impaired loans by class
Impaired loans with specific allowance, recorded investment	$ 3,882	$ 11,137
Impaired loans with specific allowance, related allowance	543	1,013
Impaired loans with no specific allowance, recorded investment	8,270	4,238
Total impaired loans, recorded investment	12,152	15,375
Total impaired loans, unpaid principal balance	15,423	16,750
Average recorded investment in impaired loans and related interest income recognized
Average investment in impaired loans	12,823	13,128	$ 7,822
Interest income recognized on accrual basis	285	241	297
Interest income recognized on cash basis	320	199	282
Commercial
Impaired loans by class
Impaired loans with specific allowance, recorded investment	3,021	9,961
Impaired loans with specific allowance, related allowance	376	708
Impaired loans with no specific allowance, recorded investment	7,760	4,216
Total impaired loans, recorded investment	10,781	14,177
Total impaired loans, unpaid principal balance	13,837	15,552
Average recorded investment in impaired loans and related interest income recognized
Average investment in impaired loans	11,600	12,179	6,970
Interest income recognized on accrual basis	264	228	275
Interest income recognized on cash basis	291	185	260
Commercial | Commercial Business
Impaired loans by class
Impaired loans with specific allowance, recorded investment	0	574
Impaired loans with specific allowance, related allowance	0	4
Impaired loans with no specific allowance, recorded investment	3,342	3,260
Total impaired loans, recorded investment	3,342	3,834
Total impaired loans, unpaid principal balance	4,102	3,834
Average recorded investment in impaired loans and related interest income recognized
Average investment in impaired loans	4,027	3,153	301
Interest income recognized on accrual basis	155	156	14
Interest income recognized on cash basis	104	114	61
Commercial | Commercial Real Estate
Impaired loans by class
Impaired loans with specific allowance, recorded investment	2,757	7,587
Impaired loans with specific allowance, related allowance	302	513
Impaired loans with no specific allowance, recorded investment	892	0
Total impaired loans, recorded investment	3,649	7,587
Total impaired loans, unpaid principal balance	3,676	7,587
Average recorded investment in impaired loans and related interest income recognized
Average investment in impaired loans	3,590	6,618	2,213
Interest income recognized on accrual basis	100	63	149
Interest income recognized on cash basis	75	61	105
Commercial | Acquisition & Development
Impaired loans by class
Impaired loans with specific allowance, recorded investment	264	1,800
Impaired loans with specific allowance, related allowance	74	191
Impaired loans with no specific allowance, recorded investment	3,526	956
Total impaired loans, recorded investment	3,790	2,756
Total impaired loans, unpaid principal balance	6,059	4,131
Average recorded investment in impaired loans and related interest income recognized
Average investment in impaired loans	3,983	2,408	4,456
Interest income recognized on accrual basis	9	9	112
Interest income recognized on cash basis	112	10	94
Residential
Impaired loans by class
Impaired loans with specific allowance, recorded investment	783	1,045
Impaired loans with specific allowance, related allowance	122	276
Impaired loans with no specific allowance, recorded investment	378	22
Total impaired loans, recorded investment	1,161	1,067
Total impaired loans, unpaid principal balance	1,166	1,067
Average recorded investment in impaired loans and related interest income recognized
Average investment in impaired loans	928	920	804
Interest income recognized on accrual basis	20	12	20
Interest income recognized on cash basis	28	13	20
Home Equity
Impaired loans by class
Impaired loans with specific allowance, recorded investment	62	28
Impaired loans with specific allowance, related allowance	36	28
Impaired loans with no specific allowance, recorded investment	70	0
Total impaired loans, recorded investment	132	28
Total impaired loans, unpaid principal balance	135	28
Average recorded investment in impaired loans and related interest income recognized
Average investment in impaired loans	50	28	28
Interest income recognized on accrual basis	1	1	1
Interest income recognized on cash basis	1	1	1
Consumer
Impaired loans by class
Impaired loans with specific allowance, recorded investment	16	103
Impaired loans with specific allowance, related allowance	9	1
Impaired loans with no specific allowance, recorded investment	62	0
Total impaired loans, recorded investment	78	103
Total impaired loans, unpaid principal balance	285	103
Average recorded investment in impaired loans and related interest income recognized
Average investment in impaired loans	245	1	20
Interest income recognized on accrual basis	0	0	1
Interest income recognized on cash basis	$ 0	$ 0	$ 1

LOANS AND ALLOWANCE FOR LOAN 67

LOANS AND ALLOWANCE FOR LOAN LOSSES - Impaired Loans Narrative (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2016USD ($)relationshippropertymethodloan	Dec. 31, 2015USD ($)	Dec. 31, 2013USD ($)
Financing Receivable, Impaired [Line Items]
Total valuation methods used on impaired loans | method	3
Total impaired loans, recorded investment	$ 12,152	$ 15,375
Loans identified as impaired, remaining loans	$ 8,800	9,300
Number of Impaired Installment Loans | loan	2
Investment in loans in the process of foreclosure	$ 59
Commercial Real Estate
Financing Receivable, Impaired [Line Items]
Impaired loan repurchased by selling financial institution	5,000
Decrease in impaired loans	$ 5,000
Commercial
Financing Receivable, Impaired [Line Items]
Number of loan relationships causing increase in impaired loans | relationship	4
Total impaired loans, recorded investment	$ 10,781	14,177
Charge-offs incurred on largest impaired loan	$ 759
Number of loan relationships causing increase in impaired loans | loan	13
Loans identified as impaired, remaining loans	$ 3,900
Increase in impaired loans specific to relationships generating increases	1,200
Impaired loans, principal curtailment	796
Decrease in impaired loans specific to relationships generating decreases	3,400
Decrease in impaired loans from other factors	200
Commercial | Commercial Real Estate
Financing Receivable, Impaired [Line Items]
Total impaired loans, recorded investment	3,649	7,587
Loan identified as impaired, largest loan	950
Impaired financing receivable participation, largest loan	361
Charge-offs incurred on largest impaired loan	$ 701
Residential
Financing Receivable, Impaired [Line Items]
Decrease in impaired loans	52.00%
Total impaired loans, recorded investment	$ 1,161	1,067
Number foreclosed properties held | property	2
Foreclosed properties held	$ 214
Consumer
Financing Receivable, Impaired [Line Items]
Total impaired loans, recorded investment	$ 78	$ 103
Number of additional collateralized loans in the process of foreclosure | loan	6
Investment in loans in the process of foreclosure	$ 464
Total Recorded Investment In Impaired Financing Receivables | Government Contracts Concentration Risk
Financing Receivable, Impaired [Line Items]
Total impaired loans, recorded investment			$ 5,000
Total Recorded Investment In Impaired Financing Receivables | Credit Concentration Risk
Financing Receivable, Impaired [Line Items]
Decrease in impaired loans	$ 3,200
Decrease in impaired loans	21.00%
Number of loan relationships causing increase in impaired loans | relationship	7
Number of Loan Relationships Causing Increase in Impaired Loans | relationship	5

LOANS AND ALLOWANCE FOR LOAN 68

LOANS AND ALLOWANCE FOR LOAN LOSSES - Internal Risk Rating Summary (Details) - USD ($) $ in Thousands	Dec. 31, 2016	Dec. 31, 2015
Classes of the loan portfolio summarized by credit quality indicators:
Total loans	$ 1,052,865	$ 1,032,170
Commercial
Classes of the loan portfolio summarized by credit quality indicators:
Total loans	757,516	729,319
Commercial | Commercial Business
Classes of the loan portfolio summarized by credit quality indicators:
Total loans	387,466	300,483
Commercial | Commercial Real Estate
Classes of the loan portfolio summarized by credit quality indicators:
Total loans	271,460	317,757
Commercial | Acquisition & Development
Classes of the loan portfolio summarized by credit quality indicators:
Total loans	98,590	111,079
Residential
Classes of the loan portfolio summarized by credit quality indicators:
Total loans	215,452	217,366
Home Equity
Classes of the loan portfolio summarized by credit quality indicators:
Total loans	65,386	68,124
Consumer
Classes of the loan portfolio summarized by credit quality indicators:
Total loans	14,511	17,361
Pass
Classes of the loan portfolio summarized by credit quality indicators:
Total loans	1,001,066	992,202
Pass | Commercial
Classes of the loan portfolio summarized by credit quality indicators:
Total loans	709,357	693,694
Pass | Commercial | Commercial Business
Classes of the loan portfolio summarized by credit quality indicators:
Total loans	377,631	288,549
Pass | Commercial | Commercial Real Estate
Classes of the loan portfolio summarized by credit quality indicators:
Total loans	240,851	299,560
Pass | Commercial | Acquisition & Development
Classes of the loan portfolio summarized by credit quality indicators:
Total loans	90,875	105,585
Pass | Residential
Classes of the loan portfolio summarized by credit quality indicators:
Total loans	212,869	214,184
Pass | Home Equity
Classes of the loan portfolio summarized by credit quality indicators:
Total loans	64,706	67,645
Pass | Consumer
Classes of the loan portfolio summarized by credit quality indicators:
Total loans	14,134	16,679
Special Mention
Classes of the loan portfolio summarized by credit quality indicators:
Total loans	33,726	22,940
Special Mention | Commercial
Classes of the loan portfolio summarized by credit quality indicators:
Total loans	31,178	20,449
Special Mention | Commercial | Commercial Business
Classes of the loan portfolio summarized by credit quality indicators:
Total loans	2,933	7,949
Special Mention | Commercial | Commercial Real Estate
Classes of the loan portfolio summarized by credit quality indicators:
Total loans	26,340	9,761
Special Mention | Commercial | Acquisition & Development
Classes of the loan portfolio summarized by credit quality indicators:
Total loans	1,905	2,739
Special Mention | Residential
Classes of the loan portfolio summarized by credit quality indicators:
Total loans	1,664	1,764
Special Mention | Home Equity
Classes of the loan portfolio summarized by credit quality indicators:
Total loans	582	416
Special Mention | Consumer
Classes of the loan portfolio summarized by credit quality indicators:
Total loans	302	311
Substandard
Classes of the loan portfolio summarized by credit quality indicators:
Total loans	13,847	14,672
Substandard | Commercial
Classes of the loan portfolio summarized by credit quality indicators:
Total loans	12,949	13,070
Substandard | Commercial | Commercial Business
Classes of the loan portfolio summarized by credit quality indicators:
Total loans	6,833	3,411
Substandard | Commercial | Commercial Real Estate
Classes of the loan portfolio summarized by credit quality indicators:
Total loans	3,532	8,436
Substandard | Commercial | Acquisition & Development
Classes of the loan portfolio summarized by credit quality indicators:
Total loans	2,584	1,223
Substandard | Residential
Classes of the loan portfolio summarized by credit quality indicators:
Total loans	787	1,168
Substandard | Home Equity
Classes of the loan portfolio summarized by credit quality indicators:
Total loans	98	63
Substandard | Consumer
Classes of the loan portfolio summarized by credit quality indicators:
Total loans	13	371
Doubtful
Classes of the loan portfolio summarized by credit quality indicators:
Total loans	4,226	2,356
Doubtful | Commercial
Classes of the loan portfolio summarized by credit quality indicators:
Total loans	4,032	2,106
Doubtful | Commercial | Commercial Business
Classes of the loan portfolio summarized by credit quality indicators:
Total loans	69	574
Doubtful | Commercial | Commercial Real Estate
Classes of the loan portfolio summarized by credit quality indicators:
Total loans	737	0
Doubtful | Commercial | Acquisition & Development
Classes of the loan portfolio summarized by credit quality indicators:
Total loans	3,226	1,532
Doubtful | Residential
Classes of the loan portfolio summarized by credit quality indicators:
Total loans	132	250
Doubtful | Home Equity
Classes of the loan portfolio summarized by credit quality indicators:
Total loans	0	0
Doubtful | Consumer
Classes of the loan portfolio summarized by credit quality indicators:
Total loans	$ 62	$ 0

LOANS AND ALLOWANCE FOR LOAN 69

LOANS AND ALLOWANCE FOR LOAN LOSSES - Internal Risk Rating (Details)	12 Months Ended
	Dec. 31, 2016USD ($)category
Average recorded investment in impaired loans and related interest income recognized
Number of points in internal risk rating system	9
Number of categories in internal risk rating system considered as not criticized	6
Commercial relationship credit review threshold amount | $	$ 1,000,000
Past due period before loans placed in non-accrual status	90 days
Recent loan payment history before removal from non-accrual status	6 months

LOANS AND ALLOWANCE FOR LOAN 70

LOANS AND ALLOWANCE FOR LOAN LOSSES - Aging (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2016USD ($)quartercomponent	Dec. 31, 2015USD ($)	Dec. 31, 2014USD ($)
Aging categories of performing loans and nonaccrual loans
Current	$ 1,045,208	$ 1,013,306
Total past due	7,657	18,864
Total loans	1,052,865	1,032,170
Non-accrual	6,229	9,405
90 days still accruing	0	848
Increased amount of interest income on loans	$ 396	639	$ 221
Allowance for loan losses, number of evaluation components | component	2
Number of rolling quarters utilized in charge-off factor calculation | quarter	12
Liability for unfunded commitments	$ 284	224
Commercial
Aging categories of performing loans and nonaccrual loans
Current	753,561	714,151
Total past due	3,955	15,168
Total loans	757,516	729,319
Non-accrual	4,975	8,195
90 days still accruing	0	848
Commercial | Commercial Business
Aging categories of performing loans and nonaccrual loans
Current	387,208	299,515
Total past due	258	968
Total loans	387,466	300,483
Non-accrual	74	687
90 days still accruing	0	0
Commercial | Commercial Real Estate
Aging categories of performing loans and nonaccrual loans
Current	270,339	307,029
Total past due	1,121	10,728
Total loans	271,460	317,757
Non-accrual	1,375	5,020
90 days still accruing	0	541
Commercial | Acquisition & Development
Aging categories of performing loans and nonaccrual loans
Current	96,014	107,607
Total past due	2,576	3,472
Total loans	98,590	111,079
Non-accrual	3,526	2,488
90 days still accruing	0	307
Residential
Aging categories of performing loans and nonaccrual loans
Current	212,502	214,326
Total past due	2,950	3,040
Total loans	215,452	217,366
Non-accrual	1,072	803
90 days still accruing	0	0
Home Equity
Aging categories of performing loans and nonaccrual loans
Current	64,791	67,908
Total past due	595	216
Total loans	65,386	68,124
Non-accrual	104	36
90 days still accruing	0	0
Consumer
Aging categories of performing loans and nonaccrual loans
Current	14,354	16,921
Total past due	157	440
Total loans	14,511	17,361
Non-accrual	78	371
90 days still accruing	0	0
Financing Receivables, Equal to Greater than 90 Days Past Due
Aging categories of performing loans and nonaccrual loans
Total past due	4,144	10,020
Financing Receivables, Equal to Greater than 90 Days Past Due | Commercial
Aging categories of performing loans and nonaccrual loans
Total past due	3,542	9,023
Financing Receivables, Equal to Greater than 90 Days Past Due | Commercial | Commercial Business
Aging categories of performing loans and nonaccrual loans
Total past due	74	668
Financing Receivables, Equal to Greater than 90 Days Past Due | Commercial | Commercial Real Estate
Aging categories of performing loans and nonaccrual loans
Total past due	892	5,561
Financing Receivables, Equal to Greater than 90 Days Past Due | Commercial | Acquisition & Development
Aging categories of performing loans and nonaccrual loans
Total past due	2,576	2,794
Financing Receivables, Equal to Greater than 90 Days Past Due | Residential
Aging categories of performing loans and nonaccrual loans
Total past due	464	626
Financing Receivables, Equal to Greater than 90 Days Past Due | Home Equity
Aging categories of performing loans and nonaccrual loans
Total past due	70	0
Financing Receivables, Equal to Greater than 90 Days Past Due | Consumer
Aging categories of performing loans and nonaccrual loans
Total past due	68	371
Financing Receivables, 30 to 59 Days Past Due
Aging categories of performing loans and nonaccrual loans
Total past due	2,891	3,323
Financing Receivables, 30 to 59 Days Past Due | Commercial
Aging categories of performing loans and nonaccrual loans
Total past due	244	1,414
Financing Receivables, 30 to 59 Days Past Due | Commercial | Commercial Business
Aging categories of performing loans and nonaccrual loans
Total past due	15	300
Financing Receivables, 30 to 59 Days Past Due | Commercial | Commercial Real Estate
Aging categories of performing loans and nonaccrual loans
Total past due	229	436
Financing Receivables, 30 to 59 Days Past Due | Commercial | Acquisition & Development
Aging categories of performing loans and nonaccrual loans
Total past due	0	678
Financing Receivables, 30 to 59 Days Past Due | Residential
Aging categories of performing loans and nonaccrual loans
Total past due	2,067	1,838
Financing Receivables, 30 to 59 Days Past Due | Home Equity
Aging categories of performing loans and nonaccrual loans
Total past due	525	23
Financing Receivables, 30 to 59 Days Past Due | Consumer
Aging categories of performing loans and nonaccrual loans
Total past due	55	48
Financing Receivables, 60 to 89 Days Past Due
Aging categories of performing loans and nonaccrual loans
Total past due	622	5,521
Financing Receivables, 60 to 89 Days Past Due | Commercial
Aging categories of performing loans and nonaccrual loans
Total past due	169	4,731
Financing Receivables, 60 to 89 Days Past Due | Commercial | Commercial Business
Aging categories of performing loans and nonaccrual loans
Total past due	169	0
Financing Receivables, 60 to 89 Days Past Due | Commercial | Commercial Real Estate
Aging categories of performing loans and nonaccrual loans
Total past due	0	4,731
Financing Receivables, 60 to 89 Days Past Due | Commercial | Acquisition & Development
Aging categories of performing loans and nonaccrual loans
Total past due	0	0
Financing Receivables, 60 to 89 Days Past Due | Residential
Aging categories of performing loans and nonaccrual loans
Total past due	419	576
Financing Receivables, 60 to 89 Days Past Due | Home Equity
Aging categories of performing loans and nonaccrual loans
Total past due	0	193
Financing Receivables, 60 to 89 Days Past Due | Consumer
Aging categories of performing loans and nonaccrual loans
Total past due	$ 34	$ 21

LOANS AND ALLOWANCE FOR LOAN 71

LOANS AND ALLOWANCE FOR LOAN LOSSES - Allowance (Details) $ in Thousands	1 Months Ended	12 Months Ended			36 Months Ended
	Dec. 31, 2013USD ($)	Dec. 31, 2016USD ($)	Dec. 31, 2015USD ($)	Dec. 31, 2014USD ($)	Dec. 31, 2016USD ($)
Changes in the allowance for loan losses
Balance at beginning of period		$ 8,006	$ 6,223	$ 4,935	$ 4,935
Charge-offs		(2,557)	(747)	(1,308)
Recoveries		21	37	14
Provision		3,631	2,493	2,582
Balance at end of period	$ 4,935	9,101	8,006	6,223	9,101
Individually evaluated for impairment		543	1,013	690	543
Collectively evaluated for impairment		8,558	6,993	5,533	8,558
Commercial
Changes in the allowance for loan losses
Balance at beginning of period		6,066	4,363	3,609	3,609
Charge-offs		(1,995)	(708)	(1,110)
Recoveries		9	20	7
Provision		3,101	2,391	1,857
Balance at end of period	3,609	7,181	6,066	4,363	7,181
Individually evaluated for impairment		376	708	362	376
Collectively evaluated for impairment		6,805	5,358	4,001	6,805
Financing Receivable, Net [Abstract]
Loans acquired, purchase price	$ 74,300
Premium on loans acquired ratio	1.024
Loans acquired, premium paid	$ 1,800
Loans acquired, outstanding balance		$ 20,500	46,800		20,500
Loans acquired, outstanding balance, decrease					53,800
Loans acquired, refinanced					19,600
Loans acquired, sold in participation					10,500
Loans acquired, sold back to institution					9,700
Loans acquired, amortization					6,200
Loans acquired, principal paydowns					$ 7,800
Loans acquired, remaining portfolio, weighted average yield		5.57%			5.57%
Residential
Changes in the allowance for loan losses
Balance at beginning of period		$ 1,095	962	519	$ 519
Charge-offs		(124)	(28)	(130)
Recoveries		2	2	0
Provision		17	159	573
Balance at end of period	519	990	1,095	962	990
Individually evaluated for impairment		122	276	298	122
Collectively evaluated for impairment		868	819	664	868
Home Equity
Changes in the allowance for loan losses
Balance at beginning of period		715	691	554	554
Charge-offs		(100)	(5)	0
Recoveries		9	4	3
Provision		104	25	134
Balance at end of period	554	728	715	691	728
Individually evaluated for impairment		36	28	28	36
Collectively evaluated for impairment		692	687	663	692
Consumer
Changes in the allowance for loan losses
Balance at beginning of period		130	207	253	253
Charge-offs		(338)	(6)	(68)
Recoveries		1	11	4
Provision		409	(82)	18
Balance at end of period	$ 253	202	130	207	202
Individually evaluated for impairment		9	1	2	9
Collectively evaluated for impairment		$ 193	$ 129	$ 205	$ 193

LOANS AND ALLOWANCE FOR LOAN 72

LOANS AND ALLOWANCE FOR LOAN LOSSES - Troubled Debt Restructurings (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2016USD ($)borrowerloancontract	Dec. 31, 2015USD ($)contract
Details related to loans identified as Troubled Debt Restructurings (TDRs):
Specific reserve allocations for TDR's	$ 348	$ 672
Troubled debt restructuring loans	$ 8,800	$ 9,300
Number of additional restructured loans | loan	2
Number of contracts | contract	0	2
Post-modification outstanding recorded investment	$ 0	$ 1,166
Pre-modification outstanding recorded investment	0	$ 1,166
Commercial Real Estate
Details related to loans identified as Troubled Debt Restructurings (TDRs):
Loans defaulted under the restructured terms	$ 214
Acquisition & Development
Details related to loans identified as Troubled Debt Restructurings (TDRs):
Financing Receivable, Modifications, Subsequent Default, Number of Contracts | loan	3
Number Of Borrowers Defaulted | borrower	2
Commercial
Details related to loans identified as Troubled Debt Restructurings (TDRs):
Troubled debt restructuring loans	$ 3,900
Number of contracts | contract	0	1
Post-modification outstanding recorded investment	$ 0	$ 1,076
Pre-modification outstanding recorded investment	$ 0	$ 1,076
Commercial | Commercial Business
Details related to loans identified as Troubled Debt Restructurings (TDRs):
Number of contracts | contract	0	0
Post-modification outstanding recorded investment	$ 0	$ 0
Pre-modification outstanding recorded investment	$ 0	$ 0
Commercial | Commercial Real Estate
Details related to loans identified as Troubled Debt Restructurings (TDRs):
Number of contracts | contract	0	1
Post-modification outstanding recorded investment	$ 0	$ 1,076
Pre-modification outstanding recorded investment	$ 0	$ 1,076
Commercial | Acquisition & Development
Details related to loans identified as Troubled Debt Restructurings (TDRs):
Number of contracts | contract	0	0
Post-modification outstanding recorded investment	$ 0	$ 0
Pre-modification outstanding recorded investment	$ 0	$ 0
Residential
Details related to loans identified as Troubled Debt Restructurings (TDRs):
Concentration risk, percentage	52.00%
Loans defaulted under the restructured terms	$ 348
Number of contracts | contract	0	1
Post-modification outstanding recorded investment	$ 0	$ 90
Pre-modification outstanding recorded investment	$ 0	$ 90
Home Equity
Details related to loans identified as Troubled Debt Restructurings (TDRs):
Number of contracts | contract	0	0
Post-modification outstanding recorded investment	$ 0	$ 0
Pre-modification outstanding recorded investment	$ 0	$ 0
Consumer
Details related to loans identified as Troubled Debt Restructurings (TDRs):
Number of contracts | contract	0	0
Post-modification outstanding recorded investment	$ 0	$ 0
Pre-modification outstanding recorded investment	0	0
Borrower One | Acquisition & Development
Details related to loans identified as Troubled Debt Restructurings (TDRs):
Loans defaulted under the restructured terms	2,300	2,500
Accruing
Details related to loans identified as Troubled Debt Restructurings (TDRs):
Troubled debt restructuring loans	$ 5,900	$ 6,100
Portfolio Risk | Troubled Debt Restructured Loans | Accruing
Details related to loans identified as Troubled Debt Restructurings (TDRs):
Concentration risk, percentage	49.00%	40.00%

PREMISES AND EQUIPMENT (Details

PREMISES AND EQUIPMENT (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Premises and equipment
Gross premises and equipment	$ 34,951	$ 34,387
Accumulated depreciation	(9,870)	(8,112)
Net premises and equipment	25,081	26,275
Depreciation expense	2,000	2,000	$ 1,200
Land
Premises and equipment
Gross premises and equipment	3,965	3,965
Buildings and improvements
Premises and equipment
Gross premises and equipment	16,906	16,389
Furniture, fixtures and equipment
Premises and equipment
Gross premises and equipment	12,127	10,980
Construction in progress
Premises and equipment
Gross premises and equipment	608	1,375
Leasehold improvements
Premises and equipment
Gross premises and equipment	$ 1,345	$ 1,678

DEPOSITS - Schedule of Deposits

DEPOSITS - Schedule of Deposits (Details) - USD ($) $ in Thousands	Dec. 31, 2016	Dec. 31, 2015
Demand deposits of individuals, partnerships, and corporations
Noninterest bearing demand	$ 115,692	$ 80,423
Interest bearing demand	414,031	473,459
Savings and money markets	280,533	128,622
Time deposits including CDs and IRAs	296,761	329,810
Total deposits	1,107,017	1,012,314
Geographic Distribution, Domestic
Demand deposits of individuals, partnerships, and corporations
Time deposits that meet or exceed the FDIC insurance limit	$ 18,727	$ 21,690

DEPOSITS - Maturities (Details)

DEPOSITS - Maturities (Details) $ in Thousands	Dec. 31, 2016USD ($)
Maturities of Time Deposits
2,017	$ 145,152
2,018	74,349
2,019	28,480
2,020	38,513
2,021	10,267
Total	$ 296,761

BORROWED FUNDS - Short-term Bor

BORROWED FUNDS - Short-term Borrowings and Repurchase Agreements (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Borrowed funds
Remaining maximum borrowing capacity with the FHLB	$ 326,900
FHLB and other borrowings	90,921	$ 183,198
Short-term Borrowings from FHLB
Short-term Borrowings and Repurchase Agreements
Balance at end of year	87,733	179,917	$ 95,829
Average balance during the year	137,822	121,425	76,185
Maximum month-end balance	$ 210,600	$ 179,917	$ 120,229
Weighted-average rate during the year	0.51%	0.34%	0.27%
Weighted-average rate at December 31	0.74%	0.44%	0.32%
Repurchase Agreements
Short-term Borrowings and Repurchase Agreements
Balance at end of year	$ 25,160	$ 27,437	$ 32,673
Average balance during the year	27,066	26,884	55,731
Maximum month-end balance	$ 29,561	$ 32,470	$ 83,781
Weighted-average rate during the year	0.27%	0.31%	0.52%
Weighted-average rate at December 31	0.28%	0.30%	0.35%
Investment Securities
Short-term Borrowings and Repurchase Agreements
Investment securities held as collateral	$ 26,000	$ 28,300
Subordinated Debt
Short-term Borrowings and Repurchase Agreements
Weighted-average rate during the year	6.64%	6.57%	6.01%

BORROWED FUNDS - Term Notes fro

BORROWED FUNDS - Term Notes from the FHLB (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015
Borrowed funds
Borrowings from the FHLB	$ 3,188	$ 3,281
Fixed interest rate note, originating between April 1999 and December 2007, due between April 2014 and April 2022
Borrowed funds
Borrowings from the FHLB	$ 2,390	2,461
Fixed interest rate note, originating between April 1999 and December 2007, due between April 2014 and April 2022 | Minimum
Borrowed funds
Interest rate on debt security	4.50%
Fixed interest rate note, originating between April 1999 and December 2007, due between April 2014 and April 2022 | Maximum
Borrowed funds
Interest rate on debt security	5.90%
Amortizing fixed interest rate note, originating February 2007, due February 2022
Borrowed funds
Borrowings from the FHLB	$ 798	$ 820
Interest rate on debt security	5.22%
Monthly installments	$ 5

BORROWED FUNDS - Subordinated D

BORROWED FUNDS - Subordinated Debt (Details) - USD ($)	Jun. 30, 2014	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014	Mar. 31, 2007
Subordinated Debt
Balance at end of year		$ 33,524,000	$ 33,524,000
Interest expense on borrowed funds		2,226,000	2,204,000	$ 1,142,000
Subordinated Debt
Subordinated Debt
Balance at end of year		33,524,000	33,524,000	33,524,000
Average balance during the year		33,524,000	33,524,000	19,361,000
Maximum month-end balance		$ 33,524,000	$ 33,524,000	$ 33,524,000
Weighted-average rate during the year		6.64%	6.57%	6.01%
Weighted-average rate at December 31		6.63%	6.57%	6.53%
Interest expense on borrowed funds		$ 2,200,000	$ 2,200,000	$ 1,100,000
Subordinated Debt | Subordinated Debentures
Subordinated Debt
Face amount of debt issued					$ 4,000,000
Subordinated Debt | Subordinated Debentures | LIBOR
Subordinated Debt
Variable rate basis spread		1.62%
Subordinated Debt | Convertible Subordinated Promissory Notes Due 2024
Subordinated Debt
Face amount of debt issued	$ 29,400,000
Debt instrument, investment amount of holder	100,000
Debt instrument, minimum ownership of common stock as percentage of principal acquired	$ 1,000,000
Term of debt instrument	10 years
Debt instrument, maximum interest rate after fifth anniversary		9.00%
Debt instrument, minimum period from issuance that principal may be prepaid		5 years
Debt instrument, threshold consecutive trading days for conversion after first, second, third, fourth, and fifth anniversaries of the issuance		30 days
Debt instrument, conversion price (in dollars per share)		$ 16
Debt instrument, notice period of intent to prepay		20 days
Debt instrument, issuance threshold amount requiring consent of holders		$ 15,000,000
Debt instrument, redemption price percentage		100.00%
Debt instrument, required period before redemption		5 years
Subordinated Debt | Convertible Subordinated Promissory Notes Due 2024 | LIBOR
Subordinated Debt
Debt instrument, basis spread on variable rate after fifth anniversary		5.00%
Subordinated Debt | Convertible Subordinated Promissory Notes Due 2024 | Debtholder Investments Less Than Three Million Dollars
Subordinated Debt
Debt instrument, investment amount of holder		$ 3,000,000
Debt instrument, minimum ownership of common stock as percentage of principal acquired		30.00%
Interest rate on debt security		7.00%
Subordinated Debt | Convertible Subordinated Promissory Notes Due 2024 | Debtholder Investments Of Three Million Dollars Or Greater
Subordinated Debt
Debt instrument, investment amount of holder		$ 3,000,000
Debt instrument, minimum ownership of common stock as percentage of principal acquired		30.00%
Interest rate on debt security		7.50%
Subordinated Debt | Convertible Subordinated Promissory Notes Due 2024 | Debtholder Investments Of Ten Million Dollars Or Greater
Subordinated Debt
Debt instrument, investment amount of holder		$ 10,000,000
Interest rate on debt security		7.00%

BORROWED FUNDS - Summary of Mat

BORROWED FUNDS - Summary of Maturities (Details) $ in Thousands	Dec. 31, 2016USD ($)
Maturities of Borrowings and Subordinated Debt
2,017	$ 88,348
2,018	81
2,019	85
2,020	90
2,021	886
Thereafter	34,955
Total	$ 124,445

COMMITMENTS AND CONTINGENT LI80

COMMITMENTS AND CONTINGENT LIABILITIES (Details) - USD ($) $ in Thousands	Dec. 31, 2016	Dec. 31, 2015
Financial Instruments with Off-Balance-Sheet Risk
Total contractual amounts of the commitments	$ 270,675	$ 261,904
Average balance maintained in accordance with Federal Reserve Board requirements	0	17,000
Available on lines of credit
Financial Instruments with Off-Balance-Sheet Risk
Total contractual amounts of the commitments	255,469	252,543
Stand-by letters of credit
Financial Instruments with Off-Balance-Sheet Risk
Total contractual amounts of the commitments	13,387	7,793
Other loan commitments
Financial Instruments with Off-Balance-Sheet Risk
Total contractual amounts of the commitments	$ 1,819	$ 1,568

INCOME TAXES - Provision for In

INCOME TAXES - Provision for Income Taxes (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Current:
Federal	$ 4,885	$ 2,830	$ 862
State	1,197	591	124
Total current	6,082	3,421	986
Deferred expense (benefit)
Federal	665	(371)	(1,017)
State	42	(24)	(65)
Total deferred expense (benefit)	707	(395)	(1,082)
Income tax expense (benefit)	$ 6,789	$ 3,026	$ (96)

INCOME TAXES - Reconciliation (

INCOME TAXES - Reconciliation (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Effective Income Tax Rate Reconciliation, Amount
Tax at Federal tax rate	$ 6,689	$ 3,346	$ 674
Tax effect of:
State income tax	1,197	246	50
Tax exempt earnings	(1,097)	(566)	(820)
Income tax expense (benefit)	$ 6,789	$ 3,026	$ (96)
Effective Income Tax Rate Reconciliation, Percent
Tax at Federal tax rate	34.00%	34.00%	34.00%
Tax effect of:
State income tax	6.00%	2.50%	2.50%
Tax exempt earnings	(5.50%)	(5.80%)	(41.30%)
Income tax expense (benefit)	34.50%	30.70%	(4.80%)

INCOME TAXES - Deferred Income

INCOME TAXES - Deferred Income Tax Assets and (Liabilities) (Details) - USD ($)	Dec. 31, 2016	Dec. 31, 2015
Components of Deferred Tax Assets and Liabilities
Allowance for loan losses	$ 2,641,000	$ 2,904,000
Minimum pension liability	1,786,000	1,713,000
Unrealized loss on securities available-for-sale	1,066,000	242,000
Gross deferred tax assets	5,493,000	4,859,000
Depreciation	(1,352,000)	(883,000)
Pension	(6,000)	(43,000)
Goodwill	(465,000)	(452,000)
Gross deferred tax liabilities	(1,823,000)	(1,378,000)
Net deferred tax asset	3,670,000	$ 3,481,000
Deferred income tax valuation allowance	0
Liability for uncertain tax positions	0
Unrecognized tax benefits	$ 0

RELATED PARTY TRANSACTIONS (Det

RELATED PARTY TRANSACTIONS (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015
Related Loan Activity
Balance at Beginning of Year	$ 42,840	$ 39,083
Borrowings	251,708	357,230
Executive Officer and Director Retirements	(7,194)	0
Repayments	(258,818)	(353,473)
Balance at End of Year	28,536	42,840
Related party deposits	$ 34,700	$ 16,900

PENSION PLAN - Summary of activ

PENSION PLAN - Summary of activity (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014	May 31, 2014
Compensation and Retirement Disclosure [Abstract]
Discount rate used to re-measure pension obligation	4.05%	4.30%	3.90%	4.46%
Pension expense	$ 273	$ 256	$ 469
Change in benefit obligation
Benefit obligation at beginning of year	8,662	8,173
Service cost	0	0	346
Interest cost	367	315	306
Actuarial loss	4	276
Assumption changes	179	97
Curtailment impact	0	0
Benefits paid	(191)	(199)
Benefit obligation at end of year	9,021	8,662	8,173
Change in plan assets:
Fair value of plan assets at beginning of year	4,486	4,471
Actual return on plan assets	96	(124)
Employer contribution	182	338
Benefits paid	(191)	(199)
Fair value of plan assets at end of year	4,573	4,486	$ 4,471
Funded status	(4,448)	(4,176)
Unrecognized net actuarial loss	4,464	4,283
Unrecognized prior service cost	0	0
Prepaid pension cost recognized	16	107
Accumulated benefit obligation	$ 9,021	$ 8,662

PENSION PLAN - Weighted Average

PENSION PLAN - Weighted Average Assumptions and Net Periodic Pension Cost (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014	May 31, 2014
Weighted average assumptions used to determine the benefit obligation
Discount rate	4.05%	4.30%	3.90%	4.46%
Components of net periodic pension cost
Service cost	$ 0	$ 0	$ 346
Interest cost	367	315	306
Expected return on plan assets	(330)	(316)	(319)
Amortization of prior service costs	0	0	0
Amortization of net actuarial loss	236	257	136
Net periodic pension cost	$ 273	$ 256	$ 469
Weighted average assumptions used to determine net periodic pension cost
Discount rate	4.30%	3.90%	4.86%
Expected long-term rate of return on plan assets	6.75%	6.75%	7.50%

PENSION PLAN - Plan Asset Alloc

PENSION PLAN - Plan Asset Allocations (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015
Pension Plan Asset Allocations
Plan Assets	100.00%	100.00%
Estimated Amortization Over Next Fiscal Year
Estimated net loss (gain) expected to be amortized from accumulated other comprehensive income into net periodic cost	$ 241
Cash
Pension Plan Asset Allocations
Plan Assets	16.00%	10.00%
Fixed income
Pension Plan Asset Allocations
Plan Assets	28.00%	20.00%
Alternative investments
Pension Plan Asset Allocations
Plan Assets	9.00%	19.00%
Domestic equities
Pension Plan Asset Allocations
Plan Assets	28.00%	32.00%
Foreign equities
Pension Plan Asset Allocations
Plan Assets	19.00%	19.00%

PENSION PLAN - Plan Assets at F

PENSION PLAN - Plan Assets at Fair Value (Details) - USD ($) $ in Thousands	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Plan's assets at fair value by level, within the fair value hierarchy
Total assets at fair value	$ 4,573	$ 4,486	$ 4,471
Level I
Plan's assets at fair value by level, within the fair value hierarchy
Total assets at fair value	4,161	3,634
Level III
Plan's assets at fair value by level, within the fair value hierarchy
Total assets at fair value	412	852
Cash
Plan's assets at fair value by level, within the fair value hierarchy
Total assets at fair value	732	449
Cash | Level I
Plan's assets at fair value by level, within the fair value hierarchy
Total assets at fair value	732	449
Fixed income
Plan's assets at fair value by level, within the fair value hierarchy
Total assets at fair value	1,280	897
Fixed income | Level I
Plan's assets at fair value by level, within the fair value hierarchy
Total assets at fair value	1,280	897
Alternative investments
Plan's assets at fair value by level, within the fair value hierarchy
Total assets at fair value	412	852
Alternative investments | Level III
Plan's assets at fair value by level, within the fair value hierarchy
Total assets at fair value	412	852
Domestic equities
Plan's assets at fair value by level, within the fair value hierarchy
Total assets at fair value	1,280	1,436
Domestic equities | Level I
Plan's assets at fair value by level, within the fair value hierarchy
Total assets at fair value	1,280	1,436
Foreign equities
Plan's assets at fair value by level, within the fair value hierarchy
Total assets at fair value	869	852
Foreign equities | Level I
Plan's assets at fair value by level, within the fair value hierarchy
Total assets at fair value	$ 869	$ 852

PENSION PLAN PENSION PLAN - Est

PENSION PLAN PENSION PLAN - Estimated Contributions Over Next Fiscal Year and Benefit Payments (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2016USD ($)
Estimated Future Employer Contributions
Contributions for the period of 01/01/17 through 12/31/17	$ 319
Estimated future benefit payments reflecting expected future service
2,017	252
2,018	260
2,019	280
2,020	298
2,021	307
2022 through 2026	$ 2,104

GOODWILL AND OTHER INTANGIBLE90

GOODWILL AND OTHER INTANGIBLE ASSETS - Schedule of Goodwill (Details) - USD ($)	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Goodwill [Roll Forward]
Goodwill, beginning balance	$ 18,480,000	$ 17,779,000	$ 17,779,000
Goodwill and core deposit intangible resulting from branch acquisition		701,000
Goodwill, ending balance	18,480,000	18,480,000	17,779,000
Core Deposit Intangible
Finite-lived Intangible Assets
Gross, beginning balance	1,006,000	128,000	128,000
Accumulated depreciation, beginning balance	(161,000)	(127,000)	(123,000)
Net, beginning balance	845,000	1,000	5,000
Goodwill and core deposit intangible resulting from branch acquisition		878,000
Accumulated Amortization expense	(101,000)	(34,000)	(4,000)
Gross, ending balance	1,006,000	1,006,000	128,000
Accumulated depreciation, ending balance	(262,000)	(161,000)	(127,000)
Net, ending balance	$ 744,000	845,000	1,000
Intangible Assets, Other Disclosures
Amortization period	10 years
Impairment charges	$ 0	$ 0	$ 0

GOODWILL AND OTHER INTANGIBLE91

GOODWILL AND OTHER INTANGIBLE ASSETS - Estimated Amortization Expense of Other Intangible Assets (Details) - Core Deposit Intangible - USD ($) $ in Thousands	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Estimated Amortization Expense
2,017	$ 98
2,018	96
2,019	93
2,020	90
2,021	87
Thereafter	280
Total	$ 744	$ 845	$ 1	$ 5

STOCK OFFERINGS (Details)

STOCK OFFERINGS (Details) - USD ($) $ / shares in Units, $ in Thousands	Jan. 05, 2017	Dec. 06, 2016	Jun. 30, 2014	Sep. 08, 2011	Dec. 31, 2016	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014	Mar. 08, 2016
Stock offering
Common stock, par value (in dollars per share)					$ 1	$ 1	$ 1
Proceeds from stock offering, net of issuance costs						$ 20,519	$ 0	$ 5,588
Number of designated preferred shares (in shares)					9,283	9,283	9,283
SBLF capital received						$ 0	$ 0	$ 7,834
Preferred stock, par value (in dollars per share)					$ 1,000	$ 1,000	$ 1,000
Series B Preferred Stock
Stock offering
Number of designated preferred shares (in shares)			400
Dividend rate			6.00%
Period from first, second, third, fourth, and fifth anniversary of original issue date that stock may be convertible			30 days
Conversion price (in dollars per share)			$ 16
Series C Preferred Stock
Stock offering
Number of designated preferred shares (in shares)			383.4
Dividend rate			6.50%
Period from first, second, third, fourth, and fifth anniversary of original issue date that stock may be convertible			30 days
Conversion price (in dollars per share)			$ 16
Preferred Class A
Stock offering
Stock offering (in shares)				8,500
Dividend rate				1.00%	9.00%				1.00%
SBLF capital received				$ 8,500
Preferred stock, par value (in dollars per share)				$ 1,000
Private Placement
Stock offering
Stock offering (in shares)		1,913,044
Common stock, par value (in dollars per share)		$ 1
Sale of stock, price per share (in dollars per share)		$ 11.50
Proceeds from stock offering, gross		$ 22,000
Proceeds from stock offering, net of issuance costs		$ 20,500
Subsequent Event | Preferred Class A
Stock offering
Stock redeemed (in shares)	8,500
Liquidation amount per share (in dollars per share)	$ 1,000

STOCK OPTIONS - Activity (Detai

STOCK OPTIONS - Activity (Details) - Stock option - $ / shares	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Number of Shares
Outstanding at beginning of year (in shares)	1,190,295	1,355,905
Granted (in shares)	432,000	45,500
Exercised (in shares)	(55,000)	(204,670)
Forfeited/expired (in shares)	(67,500)	(6,440)
Outstanding at end of year (in shares)	1,499,795	1,190,295	1,355,905
Exercisable at end of year (in shares)	768,598	542,499
Weighted-Average Exercise Price
Outstanding at beginning of year (in dollars per share)	$ 13.15	$ 12.21
Granted (in dollars per share)	12.72	14.80
Exercised (in dollars per share)	9.02	7.31
Forfeited/expired (in dollars per share)	14.59	13.33
Outstanding at end of year (in dollars per share)	13.11	13.15	$ 12.21
Exercisable at end of year (in dollars per share)	12.75	11.82
Additional disclosure
Weighted-average fair value of options granted during the year (in dollars per share)	$ 2.98	$ 2.72	$ 3.05

STOCK OPTIONS - Outstanding and

STOCK OPTIONS - Outstanding and Exercisable (Details) - Stock option - USD ($)	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Options Outstanding
Total Options (in shares)	1,499,795	1,190,295	1,355,905
Weighted-Average Exercise Price (in dollars per share)	$ 13.11	$ 13.15	$ 12.21
Intrinsic Value	$ (465,921)
Weighted-Average Remaining Life	6 years 11 days
Options Exercisable
Total Options (in shares)	768,598	542,499
Weighted-Average Exercise Price (in dollars per share)	$ 12.75	$ 11.82
Intrinsic Value	$ 37,711
Weighted-Average Remaining Life	4 years 4 months 6 days

STOCK OPTIONS - Narrative (Deta

STOCK OPTIONS - Narrative (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock based compensation	$ 568	$ 413	$ 321
Common stock options exercised	$ 32	$ (448)	63
Stock option
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares granted (in shares)	432,000	45,500
Shares authorized for issuance (in shares)	2,200,000
Shares available for issuance (in shares)	400,825
Stock based compensation	$ 568	$ 413	321
Common stock options exercised	32	(448)	63
Intrinsic value of options exercised	$ 108	$ 1,600	$ 37
Fair Value Assumption Used
Average risk-free interest rates	1.31%	2.16%	2.65%
Weighted average expected life	7 years	7 years	7 years
Expected volatility of the entity's stock price	19.07%	13.90%	10.23%
Expected dividend yield	0.43%	0.51%	0.51%
Awards Granted In Period First Group | Stock option
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Expiration term	10 years
Vesting period	5 years
Awards Granted In Period Second Group | Stock option
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Expiration term	10 years
Shares granted (in shares)	22,000
Vesting period	3 years

REGULATORY CAPITAL REQUIREMEN96

REGULATORY CAPITAL REQUIREMENTS (Details) - USD ($) $ in Thousands	Dec. 31, 2016	Dec. 31, 2015
Total Capital (to risk-weighted assets)
Actual, amount	$ 174,093	$ 140,376
Actual, ratio	15.40%	12.90%
Minimum for Capital Adequacy Purposes, amount	$ 90,699	$ 86,997
Minimum for Capital Adequacy Purposes, ratio	8.00%	8.00%
Tier 1 Capital (to risk-weighted assets)
Actual, amount	$ 135,100	$ 102,952
Actual, ratio	11.90%	9.50%
Minimum for Capital Adequacy Purposes, amount	$ 68,025	$ 65,248
Minimum for Capital Adequacy Purposes, ratio	6.00%	6.00%
Common Equity Tier 1 Capital (to risk-weighted assets)
Actual, amount	$ 114,642	$ 82,494
Actual, ratio	10.10%	7.60%
Minimum for Capital Adequacy Purposes, amount	$ 51,018	$ 48,936
Minimum for Capital Adequacy Purposes, ratio	4.50%	4.50%
Tier 1 Capital (to average assets)
Actual, amount	$ 135,100	$ 102,952
Actual, ratio	9.50%	7.80%
Minimum for Capital Adequacy Purposes, amount	$ 56,655	$ 53,019
Minimum for Capital Adequacy Purposes, ratio	4.00%	4.00%
Subsidiary Bank
Total Capital (to risk-weighted assets)
Actual, amount	$ 163,394	$ 132,013
Actual, ratio	14.50%	12.20%
Minimum to be Well Capitalized, amount	$ 113,027	$ 108,318
Minimum to be Well Capitalized, ratio	10.00%	10.00%
Minimum for Capital Adequacy Purposes, amount	$ 90,422	$ 86,654
Minimum for Capital Adequacy Purposes, ratio	8.00%	8.00%
Tier 1 Capital (to risk-weighted assets)
Actual, amount	$ 153,737	$ 123,989
Actual, ratio	13.60%	11.50%
Minimum to be Well Capitalized, amount	$ 90,422	$ 86,654
Minimum to be Well Capitalized, ratio	8.00%	8.00%
Minimum for Capital Adequacy Purposes, amount	$ 67,816	$ 64,991
Minimum for Capital Adequacy Purposes, ratio	6.00%	6.00%
Common Equity Tier 1 Capital (to risk-weighted assets)
Actual, amount	$ 153,737	$ 123,989
Actual, ratio	13.60%	11.50%
Minimum to be Well Capitalized, amount	$ 73,468	$ 70,407
Minimum to be Well Capitalized, ratio	6.50%	6.50%
Minimum for Capital Adequacy Purposes, amount	$ 50,862	$ 48,743
Minimum for Capital Adequacy Purposes, ratio	4.50%	4.50%
Tier 1 Capital (to average assets)
Actual, amount	$ 153,737	$ 123,989
Actual, ratio	10.90%	9.50%
Minimum to be Well Capitalized, amount	$ 70,651	$ 65,238
Minimum to be Well Capitalized, ratio	5.00%	5.00%
Minimum for Capital Adequacy Purposes, amount	$ 56,521	$ 52,191
Minimum for Capital Adequacy Purposes, ratio	4.00%	4.00%

REGULATORY RESTRICTION ON DIV97

REGULATORY RESTRICTION ON DIVIDEND (Details)	12 Months Ended
	Dec. 31, 2016
Disclosure of Restrictions on Dividends, Loans and Advances Disclosure [Abstract]
Number of preceding years, the retained net profits of which is considered for dividend payment	2 years

LEASES (Details)

LEASES (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Future Minimum Operating Lease Payments
2,017	$ 1,898
2,018	1,561
2,019	965
2,020	842
2,021	869
Thereafter	5,001
Total minimum payments required	11,136
Rent expense	$ 1,700	$ 1,800	$ 1,700

FAIR VALUE OF FINANCIAL INSTR99

FAIR VALUE OF FINANCIAL INSTRUMENTS (Details) - USD ($)	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Financial assets:
Cash and cash equivalents	$ 17,340,000	$ 29,133,000	$ 30,077,000	$ 39,843,000
Certificates of deposits with other banks	14,527,000	13,150,000
Securities available-for-sale	162,368,000	70,256,000
Securities held-to-maturity	0	54,470,000
Mortgage servicing rights	190,000	956,000
Financial liabilities:
FHLB and other borrowings	90,921,000	183,198,000
Forward Contracts
Financial liabilities:
Derivative liability	0	0
Carrying Value
Financial assets:
Cash and cash equivalents	17,340,000	29,133,000
Certificates of deposits with other banks	14,527,000	13,150,000
Securities available-for-sale	162,368,000	70,256,000
Securities held-to-maturity		52,859,000
Loans held for sale	90,174,000	102,623,000
Loans, net	1,043,764,000	1,024,164,000
Mortgage servicing rights	190,000	956,000
Accrued interest receivable	3,951,000	3,356,000
Financial liabilities:
Deposits	1,107,017,000	1,012,314,000
Repurchase agreements	25,160,000	27,437,000
Accrued interest payable	741,000	474,000
Subordinated debt	33,524,000	33,524,000
Carrying Value | Interest Rate Lock Commitments
Financial assets:
Derivative asset	1,546,000	1,537,000
Carrying Value | Mortgage-Backed Security Hedges
Financial assets:
Derivative asset	372,000
Financial liabilities:
Derivative liability		19,000
Carrying Value | Interest Rate Swap
Financial assets:
Derivative asset	250,000	405,000
Financial liabilities:
Derivative liability	250,000	405,000
Carrying Value | Interest Rate Cap
Financial assets:
Derivative asset	268,000	437,000
Carrying Value | Forward Contracts
Financial liabilities:
FHLB and other borrowings	90,921,000	183,198,000
Estimated Fair Value
Financial assets:
Cash and cash equivalents	17,340,000	29,133,000
Certificates of deposits with other banks	14,985,000	13,270,000
Securities available-for-sale	162,368,000	70,256,000
Securities held-to-maturity		54,470,000
Loans held for sale	90,174,000	102,623,000
Loans, net	1,035,437,000	1,034,832,000
Mortgage servicing rights	190,000	956,000
Accrued interest receivable	3,951,000	3,356,000
Financial liabilities:
Deposits	1,116,174,000	1,015,521,000
Repurchase agreements	25,160,000	27,437,000
Accrued interest payable	741,000	474,000
Subordinated debt	32,275,000	32,172,000
Estimated Fair Value | Quoted Prices in Active Markets for Identical Assets (Level I)
Financial assets:
Cash and cash equivalents	17,340,000	29,133,000
Estimated Fair Value | Significant Other Observable Inputs (Level II)
Financial assets:
Certificates of deposits with other banks	14,985,000	13,270,000
Securities available-for-sale	162,368,000	70,256,000
Securities held-to-maturity		54,470,000
Loans held for sale	90,174,000	102,623,000
Accrued interest receivable	1,002,000	723,000
Financial liabilities:
Deposits	1,116,174,000	1,015,521,000
Repurchase agreements	25,160,000	27,437,000
Accrued interest payable	741,000	474,000
Subordinated debt	32,275,000	32,172,000
Estimated Fair Value | Significant Unobservable Inputs (Level III)
Financial assets:
Loans, net	1,035,437,000	1,034,832,000
Mortgage servicing rights	190,000	956,000
Accrued interest receivable	2,949,000	2,633,000
Estimated Fair Value | Interest Rate Lock Commitments
Financial assets:
Derivative asset	1,546,000	1,537,000
Estimated Fair Value | Interest Rate Lock Commitments | Significant Unobservable Inputs (Level III)
Financial assets:
Derivative asset	1,546,000	1,537,000
Estimated Fair Value | Mortgage-Backed Security Hedges
Financial assets:
Derivative asset	372,000
Financial liabilities:
Derivative liability		19,000
Estimated Fair Value | Mortgage-Backed Security Hedges | Significant Other Observable Inputs (Level II)
Financial assets:
Derivative asset	372,000
Financial liabilities:
Derivative liability		19,000
Estimated Fair Value | Interest Rate Swap
Financial assets:
Derivative asset	250,000	405,000
Financial liabilities:
Derivative liability	250,000	405,000
Estimated Fair Value | Interest Rate Swap | Significant Other Observable Inputs (Level II)
Financial assets:
Derivative asset	250,000	405,000
Financial liabilities:
Derivative liability	250,000	405,000
Estimated Fair Value | Interest Rate Cap
Financial assets:
Derivative asset	268,000	437,000
Estimated Fair Value | Interest Rate Cap | Significant Other Observable Inputs (Level II)
Financial assets:
Derivative asset	268,000	437,000
Estimated Fair Value | Forward Contracts
Financial liabilities:
FHLB and other borrowings	90,919,000	183,211,000
Estimated Fair Value | Forward Contracts | Significant Other Observable Inputs (Level II)
Financial liabilities:
FHLB and other borrowings	$ 90,919,000	$ 183,211,000

FAIR VALUE MEASUREMENTS - Asset

FAIR VALUE MEASUREMENTS - Assets and Liabilities Measured at Fair Value on Recurring Basis (Details) - USD ($) $ in Thousands	Dec. 31, 2016	Dec. 31, 2015
Fair value of assets and liabilities
Securities available-for-sale	$ 162,368	$ 70,256
U.S. Government Agency securities
Fair value of assets and liabilities
Securities available-for-sale	28,816	29,351
U.S. Sponsored Mortgage-backed securities
Fair value of assets and liabilities
Securities available-for-sale	54,732	33,714
Equity and other securities
Fair value of assets and liabilities
Securities available-for-sale	8,024	5,393
Recurring
Fair value of assets and liabilities
Loans held for sale	90,174	102,623
Recurring | Level II
Fair value of assets and liabilities
Loans held for sale	90,174	102,623
Recurring | Interest rate lock commitment
Fair value of assets and liabilities
Derivative asset	1,546	1,537
Recurring | Interest rate lock commitment | Level III
Fair value of assets and liabilities
Derivative asset	1,546	1,537
Recurring | Mortgage-backed security hedges
Fair value of assets and liabilities
Derivative asset	372
Derivative liability		19
Recurring | Mortgage-backed security hedges | Level II
Fair value of assets and liabilities
Derivative asset	372
Derivative liability		19
Recurring | Interest rate swap
Fair value of assets and liabilities
Derivative asset	250	405
Derivative liability	250	405
Recurring | Interest rate swap | Level II
Fair value of assets and liabilities
Derivative asset	250	405
Derivative liability	250	405
Recurring | Interest rate cap
Fair value of assets and liabilities
Derivative asset	268	437
Recurring | Interest rate cap | Level II
Fair value of assets and liabilities
Derivative asset	268	437
Recurring | U.S. Government Agency securities
Fair value of assets and liabilities
Securities available-for-sale	28,816	29,351
Recurring | U.S. Government Agency securities | Level II
Fair value of assets and liabilities
Securities available-for-sale	28,816	29,351
Recurring | U.S. Sponsored Mortgage-backed securities
Fair value of assets and liabilities
Securities available-for-sale	54,732	33,714
Recurring | U.S. Sponsored Mortgage-backed securities | Level II
Fair value of assets and liabilities
Securities available-for-sale	54,732	33,714
Recurring | Municipal securities
Fair value of assets and liabilities
Securities available-for-sale	70,796	1,798
Recurring | Municipal securities | Level II
Fair value of assets and liabilities
Securities available-for-sale	70,796	1,798
Recurring | Equity and other securities
Fair value of assets and liabilities
Securities available-for-sale	8,024	5,393
Recurring | Equity and other securities | Level II
Fair value of assets and liabilities
Securities available-for-sale	$ 8,024	$ 5,393

FAIR VALUE MEASUREMENTS - Recur

FAIR VALUE MEASUREMENTS - Recurring Level III Assets (Details) - Level III - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Balance, beginning of period	$ 1,537	$ 1,020
Realized and unrealized gains included in earnings	9	517
Balance, end of period	$ 1,546	$ 1,537

FAIR VALUE MEASUREMENTS - As102

FAIR VALUE MEASUREMENTS - Assets Measured at Fair Value on Nonrecurring Basis (Details) - Non-recurring - USD ($) $ in Thousands	Dec. 31, 2016	Dec. 31, 2015
Impaired loans
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets, fair value	$ 11,609	$ 14,362
Impaired loans | Level III
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets, fair value	11,609	14,362
Other real estate owned
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets, fair value	414	239
Other real estate owned | Level III
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets, fair value	$ 414	$ 239

FAIR VALUE MEASUREMENTS - Quant

FAIR VALUE MEASUREMENTS - Quantitative Information About Level III Significant Unobservable Inputs (Details) - USD ($) $ in Thousands	Dec. 31, 2016	Dec. 31, 2015
Non-recurring | Impaired loans
Quantitative Information about Level III Fair Value Measurements
Fair value	$ 11,609	$ 14,362
Non-recurring | Impaired loans | Level III
Quantitative Information about Level III Fair Value Measurements
Fair value	$ 11,609	$ 14,362
Non-recurring | Impaired loans | Appraisal of collateral | Level III | Minimum
Unobservable Input
Appraisal adjustments	20.00%	20.00%
Liquidation expense	5.00%	5.00%
Non-recurring | Impaired loans | Appraisal of collateral | Level III | Maximum
Unobservable Input
Appraisal adjustments	62.00%	62.00%
Liquidation expense	10.00%	10.00%
Non-recurring | Other real estate owned
Quantitative Information about Level III Fair Value Measurements
Fair value	$ 414	$ 239
Non-recurring | Other real estate owned | Level III
Quantitative Information about Level III Fair Value Measurements
Fair value	$ 414	$ 239
Non-recurring | Other real estate owned | Appraisal of collateral | Level III | Minimum
Unobservable Input
Appraisal adjustments	20.00%	20.00%
Liquidation expense	5.00%	5.00%
Non-recurring | Other real estate owned | Appraisal of collateral | Level III | Maximum
Unobservable Input
Appraisal adjustments	30.00%	30.00%
Liquidation expense	10.00%	10.00%
Recurring | Interest rate lock commitment | Level III
Quantitative Information about Level III Fair Value Measurements
Fair value	$ 1,546	$ 1,537
Recurring | Interest rate lock commitment | Pricing model | Level III | Minimum
Unobservable Input
Pull through rates	73.00%	76.00%
Recurring | Interest rate lock commitment | Pricing model | Level III | Maximum
Unobservable Input
Pull through rates	85.00%	85.00%

COMPREHENSIVE INCOME - Reclassi

COMPREHENSIVE INCOME - Reclassifications (Details) - USD ($) $ in Thousands	3 Months Ended								12 Months Ended
	Dec. 31, 2016	Sep. 30, 2016	Jun. 30, 2016	Mar. 31, 2016	Dec. 31, 2015	Sep. 30, 2015	Jun. 30, 2015	Mar. 31, 2015	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Comprehensive Income
Gain on sale of securities									$ 1,082	$ 130	$ 413
Salary and employee benefits									(45,225)	(36,073)	(27,774)
Income from continuing operations, before income taxes	$ 3,420	$ 3,441	$ 10,228	$ 2,612	$ 1,910	$ 1,912	$ 2,688	$ 3,332	13,355	9,489	2,903
Income tax expense									(4,378)	(2,886)	(248)
Net Income	$ 2,307	$ 2,310	$ 6,499	$ 1,796	$ 1,402	$ 1,406	$ 1,905	$ 2,103	12,912	6,816	2,079
Amount reclassified from AOCI
Comprehensive Income
Net Income									507	(76)	166
Available-for-sale securities | Amount reclassified from AOCI
Comprehensive Income
Gain on sale of securities									1,082	130	413
Income from continuing operations, before income taxes									1,082	130	413
Income tax expense									(433)	(52)	(165)
Net Income									649	78	248
Defined benefit pension plan items | Amount reclassified from AOCI
Comprehensive Income
Salary and employee benefits									(236)	(257)	(136)
Income from continuing operations, before income taxes									(236)	(257)	(136)
Income tax expense									94	103	54
Net Income									$ (142)	$ (154)	$ (82)

COMPREHENSIVE INCOME - Componen

COMPREHENSIVE INCOME - Components of AOCI (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Accumulated Other Comprehensive Income (AOCI)
Beginning balance	$ 114,712	$ 109,438	$ 94,022
Other comprehensive loss before reclassification	(837)	(367)
Amounts reclassified from AOCI	(507)	76
Net current period OCI	(1,344)	(291)	319
Ending balance	145,625	114,712	109,438
Unrealized gains (losses) on available for-sale securities
Accumulated Other Comprehensive Income (AOCI)
Beginning balance	(363)	(406)
Other comprehensive loss before reclassification	(586)	121
Amounts reclassified from AOCI	(649)	(78)
Net current period OCI	(1,235)	43
Ending balance	(1,598)	(363)	(406)
Defined benefit pension plan items
Accumulated Other Comprehensive Income (AOCI)
Beginning balance	(2,570)	(2,236)
Other comprehensive loss before reclassification	(251)	(488)
Amounts reclassified from AOCI	142	154
Net current period OCI	(109)	(334)
Ending balance	(2,679)	(2,570)	(2,236)
AOCI attributable to parent
Accumulated Other Comprehensive Income (AOCI)
Beginning balance	(2,933)	(2,642)	(2,961)
Net current period OCI	(1,344)	(291)	319
Ending balance	$ (4,277)	$ (2,933)	$ (2,642)

CONDENSED FINANCIAL STATEMEN106

CONDENSED FINANCIAL STATEMENTS OF PARENT COMPANY - Balance Sheet (Details) - USD ($) $ in Thousands	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Assets
TOTAL ASSETS	$ 1,418,804	$ 1,384,476	$ 1,110,459
Liabilities and stockholders’ equity
Long-term debt	124,445
Total liabilities	1,273,179	1,269,764
Total stockholders’ equity	145,625	114,712	$ 109,438	$ 94,022
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY	1,418,804	1,384,476
Parent Company
Assets
Cash	7,699	3,440
Investment in subsidiaries	168,325	142,057
Other assets	4,316	3,012
TOTAL ASSETS	180,340	148,509
Liabilities and stockholders’ equity
Other liabilities	1,191	273
Long-term debt	33,524	33,524
Total liabilities	34,715	33,797
Total stockholders’ equity	145,625	114,712
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY	$ 180,340	$ 148,509

CONDENSED FINANCIAL STATEMEN107

CONDENSED FINANCIAL STATEMENTS OF PARENT COMPANY - Income Statement (Details) - USD ($) $ in Thousands	3 Months Ended								12 Months Ended
	Dec. 31, 2016	Sep. 30, 2016	Jun. 30, 2016	Mar. 31, 2016	Dec. 31, 2015	Sep. 30, 2015	Jun. 30, 2015	Mar. 31, 2015	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Condensed Statements of income
Expenses - operating									$ 83,973	$ 69,566	$ 55,287
Income tax (benefit) - continuing operations									4,378	2,886	248
Income before income taxes and undistributed earnings - discontinued operations									6,346	353	(920)
Income tax - discontinued operations									2,411	140	(344)
Net Income (loss) from discontinued operations									3,935	213	(576)
Net Income	$ 2,307	$ 2,310	$ 6,499	$ 1,796	$ 1,402	$ 1,406	$ 1,905	$ 2,103	12,912	6,816	2,079
Preferred dividends									1,128	575	332
Net Income available to common shareholders									11,784	6,241	1,747
Parent Company
Condensed Statements of income
Income - dividends from bank subsidiary									9,241	7,744	7,471
Expenses - operating									11,307	8,988	7,331
Income (loss) before income taxes and undistributed earnings - continuing operations									(2,066)	(1,244)	140
Income tax (benefit) - continuing operations									(2,072)	(1,597)	(992)
Income after tax from continuing operations									6	353	1,132
Income before income taxes and undistributed earnings - discontinued operations									6,926	0	0
Income tax - discontinued operations									2,629	0	0
Net Income (loss) from discontinued operations									4,297	0	0
Equity in undistributed income earnings of subsidiaries									8,609	6,463	947
Net Income									12,912	6,816	2,079
Preferred dividends									1,128	575	332
Net Income available to common shareholders									$ 11,784	$ 6,241	$ 1,747

CONDENSED FINANCIAL STATEMEN108

CONDENSED FINANCIAL STATEMENTS OF PARENT COMPANY - Cash Flow (Details) - USD ($) $ in Thousands	3 Months Ended								12 Months Ended
	Dec. 31, 2016	Sep. 30, 2016	Jun. 30, 2016	Mar. 31, 2016	Dec. 31, 2015	Sep. 30, 2015	Jun. 30, 2015	Mar. 31, 2015	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
OPERATING ACTIVITIES
Net Income	$ 2,307	$ 2,310	$ 6,499	$ 1,796	$ 1,402	$ 1,406	$ 1,905	$ 2,103	$ 12,912	$ 6,816	$ 2,079
Stock option expense									568	413	321
Net cash provided by (used in) operating activities									25,264	(22,901)	24,421
INVESTING ACTIVITIES
Net cash used in investing activities									(55,983)	(173,444)	(151,436)
FINANCING ACTIVITIES
Proceeds of stock offering									20,519	0	5,588
Dividend reinvestment plan									0	0	180
Proceeds from subordinated debt									0	0	29,400
Preferred stock issuance									0	0	7,834
Common stock options exercised									32	(448)	63
Cash dividends paid on common stock									(646)	(641)	(636)
Cash dividends paid on preferred stock									(1,128)	(575)	(332)
Net cash provided by financing activities									18,926	195,401	117,249
(Decrease) increase in cash and cash equivalents									(11,793)	(944)	(9,766)
Cash and cash equivalents at beginning of period				29,133				30,077	29,133	30,077	39,843
Cash and cash equivalents at end of period	17,340				29,133				17,340	29,133	30,077
Parent Company
OPERATING ACTIVITIES
Net Income									12,912	6,816	2,079
Equity in undistributed earnings of subsidiaries									(8,609)	(6,463)	(947)
(Decrease) in other assets									(612)	(529)	(1,778)
Decrease (increase) in other liabilities									920	(261)	436
Stock option expense									568	413	321
Net cash provided by (used in) operating activities									5,179	(24)	111
INVESTING ACTIVITIES
Investment in subsidiary									(19,697)	(400)	(37,042)
Net cash used in investing activities									(19,697)	(400)	(37,042)
FINANCING ACTIVITIES
Proceeds of stock offering									20,519	0	5,588
Dividend reinvestment plan									0	0	180
Proceeds from subordinated debt									0	0	29,400
Preferred stock issuance									0	0	7,834
Common stock options exercised									32	(448)	63
Cash dividends paid on common stock									(646)	(641)	(636)
Cash dividends paid on preferred stock									(1,128)	(575)	(332)
Net cash provided by financing activities									18,777	(1,664)	42,097
(Decrease) increase in cash and cash equivalents									4,259	(2,088)	5,166
Cash and cash equivalents at beginning of period				$ 3,440				$ 5,528	3,440	5,528	362
Cash and cash equivalents at end of period	$ 7,699				$ 3,440				$ 7,699	$ 3,440	$ 5,528

SEGMENT REPORTING (Details)

SEGMENT REPORTING (Details) - USD ($) $ in Thousands	3 Months Ended								12 Months Ended
	Dec. 31, 2016	Sep. 30, 2016	Jun. 30, 2016	Mar. 31, 2016	Dec. 31, 2015	Sep. 30, 2015	Jun. 30, 2015	Mar. 31, 2015	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Revenues:
Interest income	$ 13,638	$ 13,523	$ 13,580	$ 13,382	$ 12,352	$ 11,416	$ 10,694	$ 9,638	$ 54,123	$ 44,100	$ 36,168
Mortgage fee income									35,673	29,472	17,557
Insurance and investment services income									420	338	328
Other income									7,112	5,145	4,137
Total operating income									97,328	79,055	58,190
Expenses:
Interest expense									11,132	9,225	7,511
Salary and employee benefits									45,225	36,073	27,774
Provision for loan losses									3,632	2,493	2,582
Other expense									23,984	21,775	17,420
Total operating expenses									83,973	69,566	55,287
Income from continuing operations, before income taxes	3,420	3,441	10,228	2,612	1,910	1,912	2,688	3,332	13,355	9,489	2,903
Income tax (benefit) - continuing operations									4,378	2,886	248
Net Income from continuing operations									8,977	6,603	2,655
Income (loss) from discontinued operations, before income taxes									6,346	353	(920)
Income tax expense (benefit) - discontinued operations									2,411	140	(344)
Net Income (loss) from discontinued operations									3,935	213	(576)
Net Income	2,307	$ 2,310	$ 6,499	$ 1,796	1,402	$ 1,406	$ 1,905	$ 2,103	12,912	6,816	2,079
Preferred dividends									1,128	575	332
Net Income available to common shareholders									11,784	6,241	1,747
Capital expenditures									1,668	2,153	9,798
Total assets	1,418,804				1,384,476				1,418,804	1,384,476	1,110,459
Goodwill	18,480				18,480				18,480	18,480	17,779	$ 17,779
Commercial & Retail Banking
Expenses:
Provision for loan losses									1,100
Operating Segments | Commercial & Retail Banking
Revenues:
Interest income									50,413	40,524	33,175
Mortgage fee income									(252)	7	64
Insurance and investment services income									420	338	328
Other income									5,485	3,721	4,458
Total operating income									56,066	44,590	38,025
Expenses:
Interest expense									8,437	6,776	5,663
Salary and employee benefits									11,592	11,049	9,629
Provision for loan losses									3,632	2,493	2,582
Other expense									18,009	16,132	13,994
Total operating expenses									41,670	36,450	31,868
Income from continuing operations, before income taxes									14,396	8,140	6,157
Income tax (benefit) - continuing operations									4,496	2,176	1,326
Net Income from continuing operations									9,900	5,964	4,831
Income (loss) from discontinued operations, before income taxes									0	0	0
Income tax expense (benefit) - discontinued operations									0	0	0
Net Income (loss) from discontinued operations									0	0	0
Net Income									9,900	5,964	4,831
Preferred dividends									0	0	0
Net Income available to common shareholders									9,900	5,964	4,831
Capital expenditures									1,145	1,174	9,072
Total assets	1,415,735				1,378,988				1,415,735	1,378,988	1,048,101
Goodwill	1,598				1,598				1,598	1,598	897
Operating Segments | Mortgage Banking
Revenues:
Interest income									4,285	3,882	2,645
Mortgage fee income									36,960	30,560	18,691
Insurance and investment services income									0	0	0
Other income									1,674	1,673	(2)
Total operating income									42,919	36,115	21,334
Expenses:
Interest expense									2,082	1,647	1,063
Salary and employee benefits									27,696	20,774	14,487
Provision for loan losses									0	0	0
Other expense									8,125	7,471	5,990
Total operating expenses									37,903	29,892	21,540
Income from continuing operations, before income taxes									5,016	6,223	(206)
Income tax (benefit) - continuing operations									1,954	2,394	(57)
Net Income from continuing operations									3,062	3,829	(149)
Income (loss) from discontinued operations, before income taxes									0	0	0
Income tax expense (benefit) - discontinued operations									0	0	0
Net Income (loss) from discontinued operations									0	0	0
Net Income									3,062	3,829	(149)
Preferred dividends									0	0	0
Net Income available to common shareholders									3,062	3,829	(149)
Capital expenditures									220	354	333
Total assets	122,242				125,227				122,242	125,227	101,791
Goodwill	16,882				16,882				16,882	16,882	16,882
Operating Segments | Financial Holding Company
Revenues:
Interest income									3	2	2
Mortgage fee income									0	0	0
Insurance and investment services income									0	0	0
Other income									5,247	4,331	4,357
Total operating income									5,250	4,333	4,359
Expenses:
Interest expense									2,226	2,204	1,703
Salary and employee benefits									5,937	4,250	3,658
Provision for loan losses									0	0	0
Other expense									3,144	2,534	1,970
Total operating expenses									11,307	8,988	7,331
Income from continuing operations, before income taxes									(6,057)	(4,655)	(2,972)
Income tax (benefit) - continuing operations									(2,072)	(1,597)	(993)
Net Income from continuing operations									(3,985)	(3,058)	(1,979)
Income (loss) from discontinued operations, before income taxes									6,926	0	0
Income tax expense (benefit) - discontinued operations									2,629	0	0
Net Income (loss) from discontinued operations									4,297	0	0
Net Income									312	(3,058)	(1,979)
Preferred dividends									1,128	575	332
Net Income available to common shareholders									(816)	(3,633)	(2,311)
Capital expenditures									303	616	40
Total assets	180,340				148,509				180,340	148,509	146,137
Goodwill	0				0				0	0	0
Operating Segments | Insurance
Revenues:
Interest income									0	0	0
Mortgage fee income									0	0	0
Insurance and investment services income									0	0	0
Other income									0	0	0
Total operating income									0	0	0
Expenses:
Interest expense									0	0	0
Salary and employee benefits									0	0	0
Provision for loan losses									0	0	0
Other expense									0	0	0
Total operating expenses									0	0	0
Income from continuing operations, before income taxes									0	0	0
Income tax (benefit) - continuing operations									0	0	0
Net Income from continuing operations									0	0	0
Income (loss) from discontinued operations, before income taxes									(580)	134	(996)
Income tax expense (benefit) - discontinued operations									(218)	53	(372)
Net Income (loss) from discontinued operations									(362)	81	(624)
Net Income									(362)	81	(624)
Preferred dividends									0	0	0
Net Income available to common shareholders									(362)	81	(624)
Capital expenditures									0	9	353
Total assets	0				5,017				0	5,017	4,031
Goodwill	0				0				0	0	0
Intercompany Eliminations
Revenues:
Interest income									(578)	(308)	346
Mortgage fee income									(1,035)	(1,095)	(1,198)
Insurance and investment services income									0	0	0
Other income									(5,294)	(4,580)	(4,676)
Total operating income									(6,907)	(5,983)	(5,528)
Expenses:
Interest expense									(1,613)	(1,402)	(918)
Salary and employee benefits									0	0	0
Provision for loan losses									0	0	0
Other expense									(5,294)	(4,362)	(4,534)
Total operating expenses									(6,907)	(5,764)	(5,452)
Income from continuing operations, before income taxes									0	(219)	(76)
Income tax (benefit) - continuing operations									0	(87)	(28)
Net Income from continuing operations									0	(132)	(48)
Income (loss) from discontinued operations, before income taxes									0	219	76
Income tax expense (benefit) - discontinued operations									0	87	28
Net Income (loss) from discontinued operations									0	132	48
Net Income									0	0	0
Preferred dividends									0	0	0
Net Income available to common shareholders									0	0	0
Capital expenditures									0	0	0
Total assets	(299,513)				(273,265)				(299,513)	(273,265)	(189,601)
Goodwill	$ 0				$ 0				$ 0	$ 0	$ 0

SEGMENT REPORTING - Narrative (

SEGMENT REPORTING - Narrative (Details) $ in Thousands	Jun. 30, 2016USD ($)	Dec. 31, 2016USD ($)	Sep. 30, 2016USD ($)	Jun. 30, 2016USD ($)	Mar. 31, 2016USD ($)	Dec. 31, 2015USD ($)	Sep. 30, 2015USD ($)	Jun. 30, 2015USD ($)	Mar. 31, 2015USD ($)	Dec. 31, 2016USD ($)segment	Dec. 31, 2015USD ($)	Dec. 31, 2014USD ($)
Segment Reporting Information [Line Items]
Number of reportable segments | segment										3
Net income (loss)		$ 2,307	$ 2,310	$ 6,499	$ 1,796	$ 1,402	$ 1,406	$ 1,905	$ 2,103	$ 12,912	$ 6,816	$ 2,079
Increase (decrease) in provision expense										3,632	2,493	2,582
Net Income (loss) from continuing operations										8,977	6,603	2,655
Commercial & Retail Banking
Segment Reporting Information [Line Items]
Increase (decrease) in net interest income										8,200
Increase (decrease) in average loan balances										179,000
Increase (decrease) in noninterest income										1,600
Increase (decrease) in performance of interest rate cap										818
Increase (decrease) in gain on sale of securities										882
Increase (decrease) in other operating income										133
Increase (decrease) in debit card income and interchange income										199
Increase (decrease) in volume of portfolio loans sold										(371)
Increase (decrease) in mortgage fee income										(259)
Increase (decrease) in noninterest expense										2,400
Increase (decrease) in salaries expense										543
Increase (decrease) in occupancy and equipment expense										494
Increase (decrease) in data processing expense										832
Increase (decrease) in professional fees										(776)
Increase (decrease) in provision expense										1,100
Mortgage Banking
Segment Reporting Information [Line Items]
Increase (decrease) in net interest income										(32)
Increase (decrease) in noninterest income										6,400
Increase (decrease) in mortgage fee income										6,400
Increase (decrease) in noninterest expense										7,600
Increase (decrease) in salaries expense										6,900
Increase (decrease) in occupancy and equipment expense										117
Increase (decrease) in data processing expense										$ 98
Increase (decrease) in origination volume										26.40%
Increase (decrease) in earn out payments										$ 1,800
Increase (decrease) in mortgage processing expense										197
Increase (decrease) in travel, entertainment, dues, and subscriptions expense										133
Increase (decrease) in other operating expense										134
Increase (decrease) in loan expenses										55
Increase (decrease) in marketing expense										(115)
Financial Holding Company
Segment Reporting Information [Line Items]
Increase (decrease) in net interest income										22
Increase (decrease) in noninterest income										916
Increase (decrease) in noninterest expense										2,300
Increase (decrease) in salaries expense										1,700
Increase (decrease) in occupancy and equipment expense										259
Increase (decrease) in other operating expense										66
Increase (decrease) in income tax expense										475
Increase (decrease) in professional fees										220
Operating Segments | Commercial & Retail Banking
Segment Reporting Information [Line Items]
Net income (loss)										9,900	5,964	4,831
Increase (decrease) in provision expense										3,632	2,493	2,582
Net Income (loss) from continuing operations										9,900	5,964	4,831
Operating Segments | Mortgage Banking
Segment Reporting Information [Line Items]
Net income (loss)										3,062	3,829	(149)
Increase (decrease) in provision expense										0	0	0
Net Income (loss) from continuing operations										3,062	3,829	(149)
Operating Segments | Financial Holding Company
Segment Reporting Information [Line Items]
Net income (loss)										312	(3,058)	(1,979)
Increase (decrease) in provision expense										0	0	0
Net Income (loss) from continuing operations										(3,985)	(3,058)	(1,979)
Operating Segments | Insurance
Segment Reporting Information [Line Items]
Net income (loss)										(362)	81	(624)
Increase (decrease) in provision expense										0	0	0
Net Income (loss) from continuing operations										0	0	0
USI Insurance Services | Discontinued Operations, Disposed of by Sale
Segment Reporting Information [Line Items]
Gain on sale of subsidiary	$ 6,900									$ 6,926	$ 0	$ 0

MERGERS AND ACQUISITIONS (Detai

MERGERS AND ACQUISITIONS (Details) $ / shares in Units, $ in Thousands	Aug. 28, 2015USD ($)bank	Dec. 31, 2016USD ($)	Sep. 30, 2016USD ($)	Jun. 30, 2016USD ($)	Mar. 31, 2016USD ($)	Dec. 31, 2015USD ($)	Sep. 30, 2015USD ($)	Jun. 30, 2015USD ($)	Mar. 31, 2015USD ($)	Dec. 31, 2016USD ($)	Dec. 31, 2015USD ($)$ / shares	Dec. 31, 2014USD ($)$ / shares	Dec. 31, 2013USD ($)
Mergers and acquisitions
Acquisition related costs										$ 0	$ 722	$ 310
Goodwill acquired		$ 18,480				$ 18,480				18,480	18,480	17,779	$ 17,779
Net income (loss)		$ 2,307	$ 2,310	$ 6,499	$ 1,796	$ 1,402	$ 1,406	$ 1,905	$ 2,103	$ 12,912	6,816	2,079
Two Susquehanna Bank Branches
Mergers and acquisitions
Number of branch locations acquired | bank	2
Deposits assumed	$ 68,697
Loans assumed	17,000
Loans acquired, unpaid principal balance	18,700
Loans acquired, fair value	18,200
Loan discount accreted through interest income	$ 458
Useful life of core intangible asset	10 years
Acquisition related costs											722
Goodwill acquired	$ 701
Revenues											297
Net income (loss)											(122)
Business acquisition, pro forma revenue											76,000	55,100
Business acquisition, pro forma net income (loss)											$ 6,400	$ 1,700
Basic earnings per share, pro forma (in dollars per share) | $ / shares											$ 0.73	$ 0.17
Diluted earnings per share pro forma (in dollars per share) | $ / shares											$ 0.72	$ 0.17

MERGERS AND ACQUISITIONS - Net

MERGERS AND ACQUISITIONS - Net Liabilities Assumed (Details) - USD ($) $ in Thousands	Dec. 31, 2016	Dec. 31, 2015	Aug. 28, 2015	Dec. 31, 2014	Dec. 31, 2013
Liabilities assumed:
Goodwill	$ 18,480	$ 18,480		$ 17,779	$ 17,779
Two Susquehanna Bank Branches
Net assets acquired:
Cash received in transaction			$ 47,962
Cash on hand			330
Loans			18,200
Bank premises, furniture and equipment			609
Accrued interest receivable and other assets			62
Core deposit intangible			878
Net assets assumed			68,041
Liabilities assumed:
Deposits			68,697
Accrued interest payable and other liabilities			45
Liabilities assumed			68,742
Net liabilities assumed			(701)
Goodwill			701
Assets acquired, goodwill, and liabilities assumed, net			$ 0

MERGERS AND ACQUISITIONS - Acqu

MERGERS AND ACQUISITIONS - Acquisition Related Costs (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Business Acquisition [Line Items]
Acquisition related costs	$ 0	$ 722	$ 310
Professional fees
Business Acquisition [Line Items]
Acquisition related costs	0	471	183
Marketing
Business Acquisition [Line Items]
Acquisition related costs	0	29	4
Printing, postage and supplies
Business Acquisition [Line Items]
Acquisition related costs	0	71	9
Equipment depreciation and maintenance
Business Acquisition [Line Items]
Acquisition related costs	0	0	26
Travel and entertainment
Business Acquisition [Line Items]
Acquisition related costs	0	50	88
Data processing and communications
Business Acquisition [Line Items]
Acquisition related costs	0	76	0
Other operating expense
Business Acquisition [Line Items]
Acquisition related costs	$ 0	$ 25	$ 0

DISCONTINUED OPERATIONS - Asset

DISCONTINUED OPERATIONS - Assets and Liabilities (Details) - USI Insurance Services - Discontinued Operations, Disposed of by Sale - USD ($) $ in Thousands	Dec. 31, 2016	Jun. 30, 2016	Dec. 31, 2015
Cash and cash equivalents:
Cash and due from banks	$ 0		$ 2,245
Total cash and cash equivalents	0		2,245
Premises and equipment	0		618
Accrued interest receivable and other assets	0		2,154
TOTAL ASSETS	0		5,017
LIABILITIES AND STOCKHOLDERS’ EQUITY
Accrued interest payable and other liabilities	0		2,834
Total liabilities	0	$ 424	2,834
STOCKHOLDERS’ EQUITY
Retained earnings	0		2,183
Total stockholders’ equity	0		2,183
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY	$ 0		$ 5,017

DISCONTINUED OPERATIONS - Net I

DISCONTINUED OPERATIONS - Net Income (Losses) (Details) - USD ($) $ in Thousands	Jun. 30, 2016	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
NONINTEREST EXPENSES
Income (loss) from discontinued operations, before income taxes		$ 6,346	$ 353	$ (920)
Income tax expense (benefit) - discontinued operations		2,411	140	(344)
Net Income (loss) from discontinued operations		3,935	213	(576)
USI Insurance Services | Discontinued Operations, Disposed of by Sale
NONINTEREST INCOME
Insurance and investment services income		1,887	4,733	3,523
Gain on sale of subsidiary	$ 6,900	6,926	0	0
Other operating income		2	6	0
Total noninterest income		8,815	4,739	3,523
NONINTEREST EXPENSES
Salary and employee benefits		1,937	3,603	3,417
Occupancy expense		124	281	245
Equipment depreciation and maintenance		29	57	56
Data processing and communications		79	105	97
Marketing, contributions and sponsorships		7	25	26
Professional fees		2	23	308
Printing, postage and supplies		12	19	41
Insurance, tax and assessment expense		58	136	96
Travel, entertainment, dues and subscriptions		67	119	132
Other operating expenses		154	18	25
Total noninterest expense		2,469	4,386	4,443
Income (loss) from discontinued operations, before income taxes		6,346	353	(920)
Income tax expense (benefit) - discontinued operations		2,411	140	(344)
Net Income (loss) from discontinued operations		$ 3,935	$ 213	$ (576)

DISCONTINUED OPERATIONS - Narra

DISCONTINUED OPERATIONS - Narrative (Details) - USD ($) $ in Thousands	Jun. 30, 2016	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Proceeds from sale		$ 0	$ 48,292	$ 0
USI Insurance Services | Discontinued Operations, Disposed of by Sale
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Gain on sale of subsidiary	$ 6,900	6,926	0	$ 0
Liabilities retained after sale	424	$ 0	$ 2,834
Proceeds from sale	$ 7,000

QUARTERLY FINANCIAL DATA (UN117

QUARTERLY FINANCIAL DATA (UNAUDITED) (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended								12 Months Ended
	Dec. 31, 2016	Sep. 30, 2016	Jun. 30, 2016	Mar. 31, 2016	Dec. 31, 2015	Sep. 30, 2015	Jun. 30, 2015	Mar. 31, 2015	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Quarterly Financial Information Disclosure [Abstract]
Interest income	$ 13,638	$ 13,523	$ 13,580	$ 13,382	$ 12,352	$ 11,416	$ 10,694	$ 9,638	$ 54,123	$ 44,100	$ 36,168
Net Interest Income	10,825	10,729	10,742	10,695	9,884	9,018	8,426	7,547	42,991	34,875	28,657
Income before taxes	3,420	3,441	10,228	2,612	1,910	1,912	2,688	3,332	13,355	9,489	2,903
Net income (loss)	$ 2,307	$ 2,310	$ 6,499	$ 1,796	$ 1,402	$ 1,406	$ 1,905	$ 2,103	$ 12,912	$ 6,816	$ 2,079
Earnings per share - basic (in dollars per share)	$ 0.23	$ 0.25	$ 0.77	$ 0.20	$ 0.16	$ 0.16	$ 0.22	$ 0.25	$ 1.44	$ 0.78	$ 0.22
Earnings per share - diluted (in dollars per share)	$ 0.22	$ 0.24	$ 0.63	$ 0.20	$ 0.15	$ 0.17	$ 0.23	$ 0.24	$ 1.31	$ 0.77	$ 0.22

SUBSEQUENT EVENTS (Details)

SUBSEQUENT EVENTS (Details) - Series A Preferred Stock - Subsequent Event	Jan. 05, 2017USD ($)$ / sharesshares
Subsequent Event [Line Items]
Stock redeemed (in shares) | shares	8,500
Liquidation amount per share (in dollars per share) | $ / shares	$ 1,000
Stock redeemed | $	$ 8,508,500