MVB Financial (MVBF) 10-Q 4 May 17 2017 Q1 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	3 Months Ended
	Mar. 31, 2017	May 03, 2017
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-Q
Document Period End Date	Mar. 31, 2017
Document Fiscal Year Focus	2,017
Document Fiscal Period Focus	Q1
Amendment Flag	false
Entity Common Stock, Shares Outstanding		10,440,328

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($) $ in Thousands	Mar. 31, 2017	Dec. 31, 2016
Cash and cash equivalents:
Cash and due from banks	$ 16,338	$ 14,846
Interest bearing balances with banks	1,940	2,494
Total cash and cash equivalents	18,278	17,340
Certificates of deposit with other banks	14,527	14,527
Investment Securities:
Securities available-for-sale	172,754	162,368
Loans held for sale	71,921	90,174
Loans:	1,076,782	1,052,865
Less: Allowance for loan losses	(9,372)	(9,101)
Net Loans	1,067,410	1,043,764
Premises and equipment	26,079	25,081
Bank owned life insurance	23,167	22,970
Accrued interest receivable and other assets	21,335	24,100
Goodwill	18,480	18,480
TOTAL ASSETS	1,433,951	1,418,804
Deposits:
Noninterest bearing	119,271	115,692
Interest bearing	1,017,195	991,325
Total deposits	1,136,466	1,107,017
Accrued interest payable and other liabilities	12,930	16,557
Repurchase agreements	21,695	25,160
FHLB and other borrowings	90,611	90,921
Subordinated debt	33,524	33,524
Total liabilities	1,295,226	1,273,179
STOCKHOLDERS’ EQUITY
Preferred stock, par value $1,000; 20,000 authorized; 783 and 9,283 issued in 2017 and 2016, respectively (See Footnote 7)	7,834	16,334
Common stock, par value $1; 20,000,000 shares authorized; 10,047,621 issued and 9,996,544 outstanding in 2017 and 2016, respectively	10,048	10,048
Additional paid-in capital	93,560	93,412
Retained earnings	32,387	31,192
Accumulated other comprehensive loss	(4,020)	(4,277)
Treasury stock, 51,077 shares, at cost	(1,084)	(1,084)
Total stockholders’ equity	138,725	145,625
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY	$ 1,433,951	$ 1,418,804

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) - $ / shares	Mar. 31, 2017	Dec. 31, 2016
Statement of Financial Position [Abstract]
Preferred stock, par value (in dollars per share)	$ 1,000	$ 1,000
Preferred stock, shares authorized	20,000	20,000
Preferred stock, shares issued	783	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	10,047,621
Common stock, shares outstanding	9,996,544	9,996,544
Treasury stock, shares	51,077	51,077

Consolidated Statements of Inco

Consolidated Statements of Income - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016
INTEREST INCOME
Interest and fees on loans	$ 11,882	$ 12,431
Interest on deposits with other banks	79	88
Interest on investment securities - taxable	546	310
Interest on tax exempt loans and securities	561	553
Total interest income	13,068	13,382
INTEREST EXPENSE
Interest on deposits	1,906	1,888
Interest on repurchase agreements	17	21
Interest on FHLB and other borrowings	288	226
Interest on subordinated debt	551	552
Total interest expense	2,762	2,687
NET INTEREST INCOME	10,306	10,695
Provision for loan losses	518	625
Net interest income after provision for loan losses	9,788	10,070
NONINTEREST INCOME
Service charges on deposit accounts	187	173
Income on bank owned life insurance	147	161
Visa debit card and interchange income	295	292
Mortgage fee income	9,634	6,785
Gain on sale of portfolio loans	9	149
Insurance and investment services income	124	53
Gain on sale of securities	183	381
(Loss) gain on derivatives	(1,947)	401
Other operating income	192	217
Total noninterest income	8,824	8,612
NONINTEREST EXPENSES
Salary and employee benefits	9,962	10,308
Occupancy expense	994	938
Equipment depreciation and maintenance	689	560
Data processing and communications	1,214	1,124
Mortgage processing	894	861
Marketing, contributions and sponsorships	327	297
Professional fees	677	705
Printing, postage and supplies	217	216
Insurance, tax and assessment expense	461	374
Travel, entertainment, dues and subscriptions	501	368
Other operating expenses	381	240
Total noninterest expense	16,317	15,991
Income from continuing operations, before income taxes	2,295	2,691
Income tax expense - continuing operations	721	846
Net income from continuing operations	1,574	1,845
Loss from discontinued operations, before income taxes	0	(79)
Income tax benefit - discontinued operations	0	(30)
Net loss from discontinued operations	0	(49)
Net income	1,574	1,796
Preferred dividends	129	186
Net income available to common shareholders	$ 1,445	$ 1,610
Earnings per share from continuing operations - basic (in dollars per share)	$ 0.14	$ 0.21
Earnings per share from discontinued operations - basic (in dollars per share)	0	(0.01)
Earnings per common shareholder - basic (in dollars per share)	0.14	0.20
Earnings per share from continuing operations - diluted (in dollars per share)	0.14	0.20
Earnings per share from discontinued operations - diluted (in dollars per share)	0	0
Earnings per common shareholder - diluted (in dollars per share)	0.14	0.20
Cash dividends declared (in dollars per share)	$ 0.025	$ 0.02
Weighted average shares outstanding - basic (in shares)	9,996,544	8,061,998
Weighted average shares outstanding - diluted (in shares)	10,009,341	9,901,250

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Income - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016
Statement of Comprehensive Income [Abstract]
Net Income	$ 1,574	$ 1,796
Other comprehensive income:
Unrealized holding gains on securities available-for-sale	448	418
Unrealized holding gains during the year related to reclassified held-to-maturity securities	0	1,825
Income tax effect	(179)	(897)
Reclassification adjustment for gain recognized in income	(183)	(112)
Reclassification adjustment for gain recognized in income related to reclassified held-to-maturity securities	0	(269)
Income tax effect	73	152
Change in defined benefit pension plan	164	(517)
Income tax effect	(66)	207
Total other comprehensive income	257	807
Comprehensive income	$ 1,831	$ 2,603

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, 2015	$ 114,712	$ 16,334	$ 8,113	$ 74,228	$ 20,054	$ (2,933)	$ (1,084)
Increase (Decrease) in Stockholders' Equity
Net Income	1,796				1,796
Other comprehensive income	807					807
Cash dividends paid	(161)				(161)
Dividends on preferred stock	(186)				(186)
Stock based compensation	105			105
Common stock options exercised	(8)		16	(24)
Ending balance at Mar. 31, 2016	117,065	16,334	8,129	74,309	21,503	(2,126)	(1,084)
Beginning balance at Dec. 31, 2016	145,625	16,334	10,048	93,412	31,192	(4,277)	(1,084)
Increase (Decrease) in Stockholders' Equity
Net Income	1,574				1,574
Other comprehensive income	257					257
Cash dividends paid	(250)				(250)
Dividends on preferred stock	(129)				(129)
Stock based compensation	148			148
Redemption of preferred stock	(8,500)	(8,500)
Ending balance at Mar. 31, 2017	$ 138,725	$ 7,834	$ 10,048	$ 93,560	$ 32,387	$ (4,020)	$ (1,084)

Consolidated Statements of Cha7

Consolidated Statements of Changes in Stockholders' Equity (Parenthetical) - $ / shares	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016
Statement of Stockholders' Equity [Abstract]
Cash dividends paid (in dollars per share)	$ 0.025	$ 0.02

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016
OPERATING ACTIVITIES
Net Income	$ 1,574	$ 1,796
Adjustments to reconcile net income to net cash provided by (used in) operating activities:
Net amortization and accretion of investments	319	180
Net amortization of deferred loan (fees) costs	90	(22)
Provision for loan losses	518	625
Depreciation and amortization	617	800
Stock based compensation	148	105
Loans originated for sale	(313,263)	(317,168)
Proceeds of loans sold	341,150	327,700
Mortgage fee income	(9,634)	(6,785)
Gain on sale of securities	(549)	(381)
Loss on sale of securities	366	0
Gain on sale of portfolio loans	(9)	(149)
Income on bank owned life insurance	(147)	(161)
Deferred taxes	(25)	(520)
Other, net	(1,414)	1,731
Net cash provided by operating activities	19,741	7,751
INVESTING ACTIVITIES
Purchases of investment securities available-for-sale	(37,919)	(32,885)
Maturities/paydowns of investment securities available-for-sale	4,717	1,613
Maturities/paydowns of investment securities held-to-maturity	0	400
Sales of investment securities available-for-sale	22,945	21,225
Purchases of premises and equipment	(1,588)	(652)
Net increase in loans	(24,245)	(43,449)
Purchases of restricted bank stock	(4,276)	(5,450)
Redemptions of restricted bank stock	4,818	6,933
Proceeds from sale of other real estate owned	0	15
Purchase of bank owned life insurance	(50)	0
Net cash used in investing activities	(35,598)	(52,250)
FINANCING ACTIVITIES
Net increase in deposits	29,449	79,254
Net increase (decrease) in repurchase agreements	(3,465)	2,124
Net change in short-term FHLB borrowings	(14,769)	(36,908)
Principal payments on FHLB borrowings	(24)	(23)
Proceeds from new FHLB borrowings	14,483	0
Preferred stock redemption	(8,500)	0
Common stock options exercised	0	(8)
Cash dividends paid on common stock	(250)	(161)
Cash dividends paid on preferred stock	(129)	(186)
Net cash provided by financing activities	16,795	44,092
(Decrease) increase in cash and cash equivalents	938	(407)
Cash and cash equivalents at beginning of period	17,340	29,133
Cash and cash equivalents at end of period	18,278	28,726
Supplemental disclosure of cash flow information:
Loans transferred to other real estate owned	0	0
Cashless stock options exercised	0	16
Cash payments for:
Interest on deposits, repurchase agreements and borrowings	2,943	3,089
Income taxes	$ 0	$ 0

Basis of Presentation

Basis of Presentation	3 Months Ended
	Mar. 31, 2017
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Basis of Presentation	Note 1 – Basis of Presentation These consolidated financial statements have been prepared in accordance with U.S. generally accepted accounting principles (“GAAP”) for interim financial information and with instructions to Form 10‑Q. Accordingly, they do not include all the information and footnotes required by GAAP for annual year-end financial statements. In the opinion of management, all adjustments considered necessary for a fair presentation have been included and are of a normal, recurring nature. The consolidated balance sheet as of December 31, 2016 has been derived from audited financial statements included in the Company’s 2016 filing on Form 10-K. Operating results for the three months ended March 31, 2017 are not necessarily indicative of the results that may be expected for the year ending December 31, 2017 . The accounting and reporting policies of MVB Financial Corp. (“the Company” or “MVB”) and its subsidiary (“Subsidiary”), MVB Bank, Inc. (the “Bank”), the Bank’s subsidiaries Potomac Mortgage Group, Inc., which does business as MVB Mortgage (“MVB Mortgage”) and MVB Insurance, LLC ("MVB Insurance"), conform to accounting principles generally accepted in the United States and practices in the banking industry. The preparation of the financial statements in conformity with accounting principles generally accepted in the United States requires management to make estimates and assumptions that affect the amounts reported in the financial statements and accompanying notes. 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 those estimates. All significant inter-company accounts and transactions have been eliminated in consolidation. Certain information and footnote disclosures normally included in financial statements prepared in accordance with accounting principles generally accepted in the United States have been omitted. These consolidated financial statements should be read in conjunction with the consolidated financial statements and notes thereto included in the company’s December 31, 2016 , Form 10-K filed with the Securities and Exchange Commission. In certain instances, amounts reported in prior periods’ consolidated financial statements have been reclassified to conform to the current presentation. All financial information is reported on a continuing operations basis, unless otherwise noted. For a discussion regarding discontinued operations, see Note 12, "Discontinued Operations" of the Notes to the Consolidated Financial Statements, included in Item 1, Financial Statements, of this Quarterly Report on Form 10-Q. Information is presented in these notes with dollars expressed in thousands, unless otherwise noted or specified.

Recent Accounting Pronouncement

Recent Accounting Pronouncements	3 Months Ended
	Mar. 31, 2017
Accounting Policies [Abstract]
Recent Accounting Pronouncements	Note 2 – Recent Accounting Pronouncements In March 2017, the Financial Accounting Standards Board ("FASB") issued Accounting Standards Update ("ASU") 2017-08, Receivables–Nonrefundable Fees and Other Costs (Subtopic 310-20): Premium Amortization on Purchased Callable Debt Securities . This ASU amends guidance on the amortization period of premiums on certain purchased callable debt securities. Specifically, the amendments shorten the amortization period of premiums on certain purchased callable debt securities to the earliest call date. The amendments affect all entities that hold investments in callable debt securities that have an amortized cost basis in excess of the amount that is repayable by the issuer at the earliest call date (that is, at a premium). For public companies, this update will be effective for fiscal years effective for fiscal years beginning after December 15, 2018, including all interim periods within those fiscal years. The adoption of this guidance is not expected to be material to the consolidated financial statements, as it is our current policy to amortize premiums of investment securities to the earliest call date. In March 2017, the FASB issued ASU 2017-07, Retirement Benefits (Topic 715): Improving the Presentation of Net Periodic Pension Cost and Net Periodic Postretirement Benefit Cost . Topic 715, Compensation–Retirement Benefits, requires an entity to present net periodic pension cost and net periodic postretirement benefit cost as a net amount that may be capitalized as part of an asset where appropriate.Users have communicated that the service cost component generally is analyzed differently from the other components of net periodic pension cost and net periodic postretirement benefit cost. To improve the consistency, transparency, and usefulness of financial information for users, the amendments in this Update require that an employer report the service cost component in the same line item or items as other compensation costs arising from services rendered by the pertinent employees during the period. It also requires the other components of net periodic pension cost and net periodic postretirement benefit cost as defined in paragraphs 715-30-35-4 and 715-60-35-9 to be presented in the income statement separately from the service cost component and outside a subtotal of income from operations, if one is presented. Additionally, only the service cost component is eligible for capitalization, when applicable. For public companies, this update will be effective for fiscal years effective for fiscal years beginning after December 15, 2017, including all interim periods within those fiscal years. The Company is currently evaluating the provisions of this ASU to determine the potential impact to the Company's consolidated financial statements. In January 2017, the FASB issued ASU 2017-04, Intangibles–Goodwill and Other (Topic 350): Simplifying the Test for Goodwill Impairment . Topic 350, Intangibles—Goodwill and Other (Topic 350), currently requires an entity that has not elected the private company alternative for goodwill to perform a two-step test to determine the amount, if any, of goodwill impairment. In Step 1, an entity compares the fair value of a reporting unit with its carrying amount, including goodwill. If the carrying amount of the reporting unit exceeds its fair value, the entity performs Step 2 and compares the implied fair value of goodwill with the carrying amount of that goodwill for that reporting unit. An impairment charge equal to the amount by which the carrying amount of goodwill for the reporting unit exceeds the implied fair value of that goodwill is recorded, limited to the amount of goodwill allocated to that reporting unit To address concerns over the cost and complexity of the two-step goodwill impairment test, the amendments in this Update remove the second step of the test. An entity will apply a one-step quantitative test and record the amount of goodwill impairment as the excess of a reporting unit's carrying amount over its fair value, not to exceed the total amount of goodwill allocated to the reporting unit. The new guidance does not amend the optional qualitative assessment of goodwill impairment. For public companies, this update will be effective for fiscal years effective for fiscal years beginning after December 15, 2019, including all interim periods within those fiscal years. The Company is currently evaluating the provisions of this ASU to determine the potential impact to the Company's consolidated financial statements. In January 2017, the FASB Issued ASU 2017-03, Accounting Changes and Error Corrections (Topic 250) and Investments–Equity Method and Joint Ventures (Topic 323) . This Accounting Standards Update adds and amends SEC paragraphs pursuant to the SEC Staff Announcements at the September 22, 2016 and November 17, 2016 Emerging Issues Task Force (EITF) meetings. The September announcement is about the Disclosure of the Impact That Recently Issued Accounting Standards Will Have on the Financial Statements of a Registrant When Such Standards are Adopted in a Future Period. The November announcement made amendments to conform the SEC Observer Comment on Accounting for Tax Benefits Resulting from Investments in Qualified Affordable Housing Projects to the guidance issued in Accounting Standards Update No. 2014-01,Investments—Equity Method and Joint Ventures (Topic 323): Accounting for Investments in Qualified Affordable Housing Projects. The adoption of this guidance is not expected to be material to the consolidated financial statements. In January 2017, the FASB issued ASU 2017-01, Business Combinations (Topic 805): Clarifying the Definition of a Business . The amendments in this Update clarify the definition of a business with the objective of adding guidance to assist entities with evaluating whether transactions should be accounted for as acquisitions (or disposals) of businesses. The amendments in this Update provide a screen to determine when a set is not a business. If the screen is not met, it (1) requires that to be considered a business, a set must include, at a minimum, an input and a substantive process that together significantly contribute to the ability to create output and (2) removes the evaluation of whether a market participant could replace the missing elements. For public companies, this update will be effective for fiscal years 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 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 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 May 2014, the FASB issued ASU 2014-09, Revenue from Contracts with Customers (Topic 606) . The new revenue pronouncement creates a single source of revenue guidance for all companies in all industries and is more principles-based than current revenue guidance. The pronouncement provides a five-step model for a company to recognize revenue when it transfers control of goods or services to customers at an amount that reflects the consideration to which it expects to be entitled in exchange for those goods or services. The five steps are, (1) identify the contract with the customer, (2) identify the separate performance obligations in the contract, (3) determine the transaction price, (4) allocate the transaction price to the separate performance obligations and (5) recognize revenue when each performance obligation is satisfied. On July 9, 2015, the FASB approved a one-year deferral of the effective date of the update. The update is effective for interim and annual reporting periods in fiscal years beginning after December 15, 2017. Early adoption is now permitted as of the original effective date for interim and annual reporting periods in fiscal years beginning after December 15, 2016. In March 2016, the FASB issued ASU 2016-08, which amends the principle versus agent guidance in the revenue standard. In April 2016, the FASB issued ASU 2016-10, which clarifies when promised goods or services are separately identifiable in the revenue standard. In May 2016, FASB issued ASU 2016-12, which provides narrow-scope improvements and practical expedients to the revenue standard. While the Company is currently evaluating the impact of this standard on individual customer contracts, management has evaluated the impact of this standard on the broad categories of its customer contracts and revenue streams. The Company currently anticipates this standard will not have a material impact on its consolidated financial statements because revenue related to financial instruments, including loans and investment securities are not in scope of these updates. Loan interest income, investment interest income, insurance services revenue and BOLI are accounted for under other U.S. GAAP standards and out of scope of ASC 606 revenue standard. The Company plans to adopt the revenue recognition standard as of January 1, 2018. The Company is currently reviewing all streams of revenue that may be subject to this revised guidance. While we have not yet identified any material changes to the timing of revenue recognition, the Company’s review is ongoing.

Investment Securities

Investment Securities	3 Months Ended
	Mar. 31, 2017
Investments, Debt and Equity Securities [Abstract]
Investment Securities	Note 3 – 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 March 31, 2017 or December 31, 2016 . Amortized cost and fair values of investment securities available-for-sale at March 31, 2017 are summarized as follows: (Dollars in thousands) Amortized Cost Unrealized Gain Unrealized Loss Fair Value U. S. Agency securities $ 48,874 $ 6 $ (419 ) $ 48,461 U.S. Sponsored Mortgage-backed securities 59,364 19 (1,267 ) 58,116 Municipal securities 53,216 389 (1,482 ) 52,123 Total debt securities 161,454 414 (3,168 ) 158,700 Equity and other securities 13,699 370 (15 ) 14,054 Total investment securities available-for-sale $ 175,153 $ 784 $ (3,183 ) $ 172,754 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 The following table summarizes amortized cost and fair values of debt securities by maturity: March 31, 2017 Available for sale (Dollars in thousands) Amortized Cost Fair Value Within one year $ 200 $ 202 After one year, but within five 21,426 21,390 After five years, but within ten 16,822 16,638 After ten years 123,006 120,470 Total $ 161,454 $ 158,700 Investment securities with a carrying value of $74.1 million at March 31, 2017 , 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 March 31, 2017 , the details of which are included in the following table. Although these securities, if sold at March 31, 2017 would result in a pretax loss of $3.2 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. Management does not intend to sell these securities and it is unlikely that the Company will be required to sell these securities before recovery of their amortized cost basis. 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 March 31, 2017 , 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 March 31, 2017 : (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 (31) $ 34,831 $ (349 ) $ 6,628 $ (70 ) U.S. Sponsored Mortgage-backed securities (31) 35,851 (962 ) 12,712 (305 ) Municipal securities (68) 35,260 (1,482 ) — — Equity and other securities (1) $ 1,485 $ (15 ) $ — $ — $ 107,427 $ (2,808 ) $ 19,340 $ (375 ) 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 ) For the three month periods ended March 31, 2017 and 2016 , the Company sold investments available-for-sale of $22.9 million , $21.2 million , respectively. These sales resulted in gross gains of $549 thousand and $381 thousand and gross losses of $366 thousand and $0 , respectively. For the three month periods ended March 31, 2017 and 2016 , the Company sold no investments held-to-maturity.

Loans and Allowance for Loan Lo

Loans and Allowance for Loan Losses	3 Months Ended
	Mar. 31, 2017
Receivables [Abstract]
Loans and Allowance for Loan Losses	Note 4 – Loans and Allowance for Loan Losses All loan origination fees and direct loan origination costs are deferred and recognized over the life of the loan. As of March 31, 2017 and 2016 , net deferred fees of $914 thousand and $987 thousand , respectively, were included in the carrying value of loans. An allowance for loan losses is maintained to absorb losses from the loan portfolio. The allowance for loan losses 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. The Bank’s methodology for determining the allowance for loan losses 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 allowance for loan losses. 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 allowance for loan losses 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. For the three months ended March 31, 2017 and 2016 , the liability for unfunded commitments was $284 thousand and $224 thousand , respectively. 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 allowance for loan losses. When information confirms all or part of specific loans to be uncollectible, these amounts are promptly charged off against the allowance for loan losses. 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 allowance for loan losses that is representative of the risk found in the components of the portfolio at any given date. The following tables summarize the primary segments of the allowance for loan losses, segregated into the amount required for loans individually evaluated for impairment and the amount required for loans collectively evaluated for impairment as of March 31, 2017 : (Dollars in thousands) Commercial Residential Home Equity Consumer Total Allowance for loan losses balance at December 31, 2016 $ 7,181 $ 990 $ 728 $ 202 $ 9,101 Charge-offs (113 ) (141 ) (33 ) (3 ) (290 ) Recoveries 9 32 1 1 43 Provision 208 204 94 12 518 Allowance for loan losses balance at March 31, 2017 $ 7,285 $ 1,085 $ 790 $ 212 $ 9,372 Individually evaluated for impairment $ 279 $ 46 $ 36 $ 25 $ 386 Collectively evaluated for impairment $ 7,006 $ 1,039 $ 754 $ 187 $ 8,986 The following table summarizes the primary segments of the Company loan portfolio as of March 31, 2017 : (Dollars in thousands) Commercial Residential Home Equity Consumer Total Individually evaluated for impairment $ 10,300 $ 1,356 $ 647 $ 125 $ 12,428 Collectively evaluated for impairment 742,960 243,235 64,523 13,636 1,064,354 Total Loans $ 753,260 $ 244,591 $ 65,170 $ 13,761 $ 1,076,782 The following tables summarize the primary segments of the allowance for loan losses, segregated into the amount required for loans individually evaluated for impairment and the amount required for loans collectively evaluated for impairment as of March 31, 2016 : (Dollars in thousands) Commercial Residential Home Equity Consumer Total Allowance for loan losses balance at December 31, 2015 $ 6,066 $ 1,095 $ 715 $ 130 $ 8,006 Charge-offs (102 ) (67 ) — (22 ) (191 ) Recoveries — — — 7 7 Provision 257 129 32 207 625 Allowance for loan losses balance at March 31, 2016 $ 6,221 $ 1,157 $ 747 $ 322 $ 8,447 Individually evaluated for impairment $ 946 $ 212 $ — $ 211 $ 1,369 Collectively evaluated for impairment $ 5,275 $ 945 $ 747 $ 111 $ 7,078 The following table summarizes the primary segments of the Company loan portfolio as of March 31, 2016 : (Dollars in thousands) Commercial Residential Home Equity Consumer Total Individually evaluated for impairment $ 10,974 $ 1,049 $ 28 $ 375 $ 12,426 Collectively evaluated for impairment 742,824 235,594 68,290 16,472 1,063,180 Total Loans $ 753,798 $ 236,643 $ 68,318 $ 16,847 $ 1,075,606 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. 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 March 31, 2017 and December 31, 2016 , these balances totaled $20.3 million and $20.5 million , respectively. Of the $54 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 $6.5 million in loan amortization and $7.7 million in principal paydowns and/or loan payoffs. The weighted average yield on the remaining portfolio is 5.57% . 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 March 31, 2017 and December 31, 2016 : 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 March 31, 2017 Commercial Commercial Business $ 3,316 $ 31 $ 30 $ 3,346 $ 4,106 Commercial Real Estate 1,244 173 1,946 3,190 3,217 Acquisition & Development 263 75 3,501 3,764 6,033 Total Commercial 4,823 279 5,477 10,300 13,356 Residential 385 46 971 1,356 1,417 Home Equity 577 36 70 647 659 Consumer 56 25 69 125 335 Total Impaired Loans $ 5,841 $ 386 $ 6,587 $ 12,428 $ 15,767 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 Impaired loans have increased by $276 thousand , or 2.3% , during the first quarter of 2017 . This change is the net effect of multiple factors, including the identification of $902 thousand of impaired loans, principal curtailments of $394 thousand , partial charge-offs of $173 thousand , and normal loan amortization. The following table presents the average recorded investment in impaired loans and related interest income recognized for the periods indicated: Three Months Ended Three Months Ended (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 Commercial Commercial Business $ 3,349 $ 39 $ 13 $ 3,838 $ 39 $ 26 Commercial Real Estate 2,803 25 26 6,541 28 25 Acquisition & Development 3,775 2 3 2,722 2 3 Total Commercial 9,927 66 42 13,101 69 54 Residential 1,417 2 17 1,059 5 3 Home Equity 653 — — 28 — — Consumer 142 — — 198 — — Total $ 12,139 $ 68 $ 59 $ 14,386 $ 74 $ 57 As of March 31, 2017 , the Bank held three foreclosed residential real estate properties representing $273 thousand , or 66% , of the total balance of other real estate owned. There are four additional consumer mortgage loans collateralized by residential real estate properties in the process of foreclosure. The total recorded investment in these loans was $331 thousand as of March 31, 2017 . These loans are included in the table above and have a total of $12 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 March 31, 2017 and December 31, 2016 : (Dollars in thousands) Pass Special Mention Substandard Doubtful Total March 31, 2017 Commercial Commercial Business $ 361,762 $ 3,658 $ 6,774 $ 44 $ 372,238 Commercial Real Estate 239,998 26,786 3,509 254 270,547 Acquisition & Development 102,803 1,888 2,583 3,201 110,475 Total Commercial 704,563 32,332 12,866 3,499 753,260 Residential 241,832 1,909 570 280 244,591 Home Equity 63,813 1,220 137 — 65,170 Consumer 13,324 344 31 62 13,761 Total Loans $ 1,023,532 $ 35,805 $ 13,604 $ 3,841 $ 1,076,782 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 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 March 31, 2017 and December 31, 2016 : (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 March 31, 2017 Commercial Commercial Business $ 370,415 $ 1,326 $ 423 $ 74 $ 1,823 $ 372,238 $ 74 $ — Commercial Real Estate 269,606 9 — 932 941 270,547 932 — Acquisition & Development 107,724 175 — 2,576 2,751 110,475 3,502 — Total Commercial 747,745 1,510 423 3,582 5,515 753,260 4,508 — Residential 242,976 944 72 599 1,615 244,591 1,269 — Home Equity 65,100 — — 70 70 65,170 620 — Consumer 13,450 229 13 69 311 13,761 122 — Total Loans $ 1,069,271 $ 2,683 $ 508 $ 4,320 $ 7,511 $ 1,076,782 $ 6,519 $ — 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 $ — 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 March 31, 2017 and December 31, 2016 , the Bank had specific reserve allocations for TDR’s of $286 thousand and $348 thousand , respectively. Loans considered to be troubled debt restructured loans totaled $8.7 million and $8.8 million as of March 31, 2017 and December 31, 2016 , respectively. Of these totals, $5.9 million and $5.9 million , respectively, represent accruing troubled debt restructured loans and represent 49% and 48% , 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 March 31, 2017 and December 31, 2016 . Two additional restructured loans, a $214 thousand commercial real estate loan and a $339 thousand mortgage loan, are considered non-performing as of March 31, 2017 . Both of these were also considered TDR's due to interest only periods and/or unsatisfactory repayment structures. There were no previously restructured loans that defaulted during the three months ended March 31, 2017 . There were no new TDR's for the three months ended March 31, 2017 and 2016 .

Borrowed Funds

Borrowed Funds	3 Months Ended
	Mar. 31, 2017
Debt Disclosure [Abstract]
Borrowed Funds	Note 5 – Borrowed Funds 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 $87.4 million at March 31, 2017 , compared to $87.7 million at December 31, 2016 . Information related to short-term borrowings is summarized as follows: (Dollars in thousands) March 31, 2017 December 31, 2016 Balance at end of period $ 87,448 $ 87,733 Average balance during the period 99,854 137,822 Maximum month-end balance 130,149 210,600 Weighted-average rate during the year 0.85 % 0.51 % Weighted-average rate at end of period 0.99 % 0.74 % 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 March 31, 2017 and December 31, 2016 . These borrowings were collateralized with investment securities with a carrying value of $22.4 million and $26.0 million at March 31, 2017 and December 31, 2016 , 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 $21.7 million at March 31, 2017 , compared to $25.2 million in December 31, 2016 . Information related to repurchase agreements is summarized as follows: (Dollars in thousands) March 31, 2017 December 31, 2016 Balance at end of period $ 21,695 $ 25,160 Average balance during the period 23,113 27,066 Maximum month-end balance 24,126 29,561 Weighted-average rate during the year 0.29 % 0.27 % Weighted-average rate at end of period 0.32 % 0.28 % Long-term notes from the FHLB were as follows: (Dollars in thousands) March 31, 2017 December 31, 2016 Fixed interest rate notes, originating between April 2002 and December 2007, due between May 2017 and April 2022, interest of between 4.50% and 5.90% payable monthly $ 2,371 $ 2,390 Amortizing fixed interest rate note, originating February 2007, due February 2022, payable in monthly installments of $5 thousand, including interest of 5.22% 792 798 $ 3,163 $ 3,188 Subordinated Debt Information related to subordinated debt is summarized as follows: (Dollars in thousands) March 31, 2017 December 31, 2016 Balance at end of period $ 33,524 $ 33,524 Average balance during the period 33,524 33,524 Maximum month-end balance 33,524 33,524 Weighted-average rate during the year 6.57 % 6.64 % Weighted-average rate at end of period 6.64 % 6.63 % 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 March 31, 2017 and December 31, 2016 and interest expense of $0.6 million and $0.6 million for the three months ended March 31, 2017 and 2016 . A summary of maturities of borrowings and subordinated debt over the next five years is as follows (dollars in thousands): Year Amount 2018 88,056 2019 81 2020 86 2021 90 2022 879 Thereafter 34,943 $ 124,135

Fair Value of Financial Instrum

Fair Value of Financial Instruments	3 Months Ended
	Mar. 31, 2017
Fair Value Disclosures [Abstract]
Fair Value of Financial Instruments	Note 6 – Fair Value of Financial Instruments 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 three months ended March 31, 2017 . 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 March 31, 2017 and December 31, 2016 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. March 31, 2017 (Dollars in thousands) Level I Level II Level III Total Assets: U.S. Government Agency securities $ — $ 48,461 $ — $ 48,461 U.S. Sponsored Mortgage backed securities — 58,116 — 58,116 Municipal securities — 52,123 — 52,123 Equity and other securities 918 13,136 — 14,054 Loans held for sale — 71,921 — 71,921 Interest rate lock commitment — — 2,855 2,855 Interest rate swap — 179 — 179 Interest rate cap — 156 — 156 Liabilities: Mortgage-backed security hedges — 747 — 747 Interest rate swap — 179 — 179 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 897 7,127 — 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 The following table represents recurring level III assets: Interest Rate Lock Commitments (Dollars in thousands) Three Months Ended Three Months Ended Balance, beginning of period $ 1,546 $ 1,583 Realized and unrealized gains included in earnings 1,309 1,186 Balance, end of period $ 2,855 $ 2,769 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 nonrecurring 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 2017 and 2016 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 March 31, 2017 and December 31, 2016 are included in the table below: March 31, 2017 (Dollars in thousands) Level I Level II Level III Total Impaired loans $ — $ — $ 12,042 $ 12,042 Other real estate owned — — 414 414 December 31, 2016 (Dollars in thousands) Level I Level II Level III Total Impaired loans $ — $ — $ 11,609 $ 11,609 Other real estate owned — — 414 414 The following tables presents quantitative information about the Level III significant unobservable inputs for assets and liabilities measured at fair value at March 31, 2017 and December 31, 2016 . Quantitative Information about Level III Fair Value Measurements (Dollars in thousands) Fair Value Valuation Technique Unobservable Input Range March 31, 2017 Nonrecurring measurements: Impaired loans $ 12,042 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 $ 2,855 Pricing model Pull through rates 73% - 80% 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% 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. 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) March 31, 2017 Financial assets: Cash and cash equivalents $ 18,278 $ 18,278 $ 18,278 $ — $ — Certificates of deposits with other banks 14,527 14,425 — 14,425 — Securities available-for-sale 172,754 172,754 918 171,836 — Loans held for sale 71,921 71,921 — 71,921 — Loans, net 1,067,410 1,063,540 — — 1,063,540 Mortgage servicing rights 188 188 — — 188 Interest rate lock commitment 2,855 2,855 — — 2,855 Interest rate swap 179 179 — 179 — Interest rate cap 156 156 — 156 — Accrued interest receivable 4,186 4,186 — 1,145 3,041 Financial liabilities: Deposits $ 1,136,466 $ 1,092,959 $ — $ 1,092,959 $ — Repurchase agreements 21,695 21,695 — 21,695 — FHLB and other borrowings 90,611 90,643 — 90,643 — Mortgage-backed security hedges 747 747 — 747 — Interest rate swap 179 179 — 179 — Accrued interest payable 560 560 — 560 — Subordinated debt 33,524 32,275 — 32,275 — 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 162,368 162,368 897 161,471 — 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 — 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.

Stock Offerings

Stock Offerings	3 Months Ended
	Mar. 31, 2017
Stockholders' Equity Note [Abstract]
Stock Offerings	Note 7 – Stock Offerings 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 below. 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. For more information regarding the Securities Purchase Agreements, see Note 13, "Rights Offering" of the Notes to the Consolidated Financial Statements, included in Item 1, Financial Statements, of this Quarterly Report on Form 10-Q. 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 subsidiaries. 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”). 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 remained well in excess of those required for well capitalized status. Note 13 – Rights Offering On March 13, 2017, the Company entered into an Investment Agreement (the “Investment Agreement”) with its Chief Executive Officer, Larry F. Mazza (“Mazza”). Pursuant to the Investment Agreement, Mazza committed to subscribe for and purchase, at the Subscription Price (as defined below), upon expiration of the Rights Offering (as defined below), the number of shares of the Company’s common stock, if any, equal to the amount by which 100,000 exceeds the number of shares purchased by Mazza in the Rights Offering. Pursuant to the Investment Agreement, Mazza agreed not to sell or otherwise transfer any shares acquired in connection with the Investment Agreement for a period of six months following the closing of the Rights Offering. On March 13, 2017, the Company filed with the Securities and Exchange Commission (the “SEC”) a prospectus supplement and accompanying base prospectus (collectively, the “Prospectus”) relating to the commencement of the Company’s rights offering (the “Rights Offering”), pursuant to which the Company distributed, at no charge, non-transferable subscription rights to the holders of its common stock as of 5:00 p.m., Eastern time, on March 10, 2017. The subscription rights were exercisable for up to a total of 434,783 shares of the Company’s common stock, subject to such terms and conditions as further described in the Prospectus. On March 27, 2017, the Company announced the extension of the expiration date for the rights offering from Friday, March 31, 2017 to Friday, April 14, 2017. This extension was offered to ensure adequate time for shareholders to make their investment decision. During the extended subscription period for the rights offering, each holder of non-transferable subscription rights could exercise the rights that had not already been exercised. Other than the extension of the expiration date of the rights offering, all of the offering terms described in the Prospectus remained the same and applied during the extended subscription period of the rights offering. On April 20, 2017, the Company announced the completion of the rights offering, which expired at 5:00 p.m. Eastern time on April 14, 2017. All 434,783 shares offered in the rights offering were subscribed for, resulting in new capital of approximately $5.0 million . Computershare, who served as subscription agent, completed its review and tabulation of subscriptions on April 19, 2017. Computershare issued the shares acquired in the rights offering by book entry in the Company's stock ownership records, which are maintained by Computershare, as transfer agent, on or about April 20, 2017. Larry F. Mazza purchased 100,000 shares of the Company's common stock: 90,999 under the rights offering and 9,001 shares under the Investment Agreement.

Net Income Per Common Share

Net Income Per Common Share	3 Months Ended
	Mar. 31, 2017
Earnings Per Share [Abstract]
Net Income Per Common Share	Note 8 – Net Income Per Common 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. Three Months Ended (Dollars in thousands except shares and per share data) 2017 2016 Numerator for basic earnings per share: Net income from continuing operations $ 1,574 $ 1,845 Less: Dividends on preferred stock 129 186 Net income from continuing operations available to common shareholders - basic 1,445 1,659 Net income from discontinued operations available to common shareholders - basic and diluted — (49 ) Net income available to common shareholders $ 1,445 $ 1,610 Numerator for diluted earnings per share: Net income from continuing operations available to common shareholders - basic $ 1,445 $ 1,659 Add: Interest on subordinated debt (tax effected) — 342 Net income available to common shareholders from continuing operations - diluted $ 1,445 $ 2,001 Denominator: Total average shares outstanding 9,996,544 8,061,998 Effect of dilutive convertible subordinated debt — 1,837,500 Effect of dilutive stock options 12,797 1,752 Total diluted average shares outstanding 10,009,341 9,901,250 Earnings per share from continuing operations - basic $ 0.14 $ 0.21 Earnings per share from discontinued operations - basic $ — $ (0.01 ) Earnings per common shareholder - basic $ 0.14 $ 0.20 Earnings per share from continuing operations - diluted $ 0.14 $ 0.20 Earnings per share from discontinued operations - diluted $ — $ — Earnings per common shareholder - diluted $ 0.14 $ 0.20

Segment Reporting

Segment Reporting	3 Months Ended
	Mar. 31, 2017
Segment Reporting [Abstract]
Segment Reporting	Note 9 – 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 12, "Discontinued Operations" of the Notes to the Consolidated Financial Statements, included in Item 1, Financial Statements, of this Quarterly Report on Form 10-Q. 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 was 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 12, "Discontinued Operations" of the Notes to the Consolidated Financial Statements, included in Item 1, Financial Statements, of this Quarterly Report on Form 10-Q. 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 three month periods ended March 31, 2017 and 2016 are as follows: Three Months Ended March 31, 2017 Commercial & Retail Banking Mortgage Banking Financial Holding Company Intercompany Eliminations Consolidated (Dollars in thousands) Revenues: Interest income $ 12,312 $ 781 $ 1 $ (26 ) $ 13,068 Mortgage fee income 185 9,637 — (188 ) 9,634 Insurance and investment services income 124 — — — 124 Other income 953 (1,831 ) 1,210 (1,266 ) (934 ) Total operating income 13,574 8,587 1,211 (1,480 ) 21,892 Expenses: Interest expense 2,119 304 551 (212 ) 2,762 Salaries and employee benefits 2,657 5,955 1,350 — 9,962 Provision for loan losses 500 18 — — 518 Other expense 4,650 2,098 875 (1,268 ) 6,355 Total operating expenses 9,926 8,375 2,776 (1,480 ) 19,597 Income (loss) from continuing operations, before income taxes 3,648 212 (1,565 ) — 2,295 Income tax expense (benefit) - continuing operations 1,161 96 (536 ) — 721 Net income (loss) from continuing operations 2,487 116 (1,029 ) — 1,574 Net income (loss) $ 2,487 $ 116 $ (1,029 ) $ — $ 1,574 Preferred stock dividends — — 129 — 129 Net income (loss) available to common shareholders 2,487 116 (1,158 ) — 1,445 Capital Expenditures for the year ended March 31, 2017 $ 867 $ 692 $ 29 $ — $ 1,588 Total Assets as of March 31, 2017 1,430,792 103,621 168,325 (268,787 ) 1,433,951 Total Assets as of December 31, 2016 1,415,735 122,242 180,340 (299,513 ) 1,418,804 Goodwill as of March 31, 2017 1,598 16,882 — — 18,480 Goodwill as of December 31, 2016 1,598 16,882 — — 18,480 Three Months Ended March 31, 2016 Commercial & Retail Banking Mortgage Banking Financial Holding Company Insurance Intercompany Eliminations Consolidated (Dollars in thousands) Revenues: Interest income $ 12,462 $ 941 $ 1 $ — $ (22 ) $ 13,382 Mortgage fee income (22 ) 7,108 — — (301 ) 6,785 Insurance and investment services income 53 — — — — 53 Other income 1,072 679 1,613 — (1,590 ) 1,774 Total operating income 13,565 8,728 1,614 — (1,913 ) 21,994 Expenses: Interest expense 2,040 419 552 — (324 ) 2,687 Salaries and employee benefits 2,831 5,711 1,766 — — 10,308 Provision for loan losses 625 — — — — 625 Other expense 4,473 1,944 764 — (1,498 ) 5,683 Total operating expenses 9,969 8,074 3,082 — (1,822 ) 19,303 Income (loss) from continuing operations, before income taxes 3,596 654 (1,468 ) — (91 ) 2,691 Income tax expense (benefit) - continuing operations 1,137 258 (515 ) — (34 ) 846 Net income (loss) from continuing operations 2,459 396 (953 ) — (57 ) 1,845 Income (loss) from discontinued operations — — — (170 ) 91 (79 ) Income tax expense (benefit) - discontinued operations $ — $ — $ — $ (64 ) $ 34 $ (30 ) Net income (loss) from discontinued operations $ — $ — $ — $ (106 ) $ 57 $ (49 ) Net income (loss) $ 2,459 $ 396 $ (953 ) $ (106 ) $ — $ 1,796 Preferred stock dividends — — 186 — — 186 Net income (loss) available to common shareholders 2,459 396 (1,139 ) (106 ) — 1,610 Capital Expenditures for the year ended March 31, 2016 $ 549 $ 41 $ 62 $ — $ — $ 652 Total Assets as of March 31, 2016 1,433,380 126,854 146,896 2,366 (276,856 ) 1,432,640 Total Assets as of December 31, 2015 1,378,988 125,227 151,441 5,017 (276,197 ) 1,384,476 Goodwill as of March 31, 2016 1,598 16,882 — — — 18,480 Goodwill as of December 31, 2015 1,598 16,882 — — — 18,480 Commercial & Retail Banking For the three months ended March 31, 2017 , the Commercial & Retail Banking segment earned $2.5 million compared to $2.5 million in 2016 . Net interest income decreased by $229 thousand , primarily the result of interest and fees on loans decreasing by $385 thousand , interest on FHLB and other borrowings increasing by $65 thousand , and interest on taxable investment securities increasing by $236 thousand . The decrease in interest and fees on loans was primarily the result of the recovery of non-accrual interest on one loan relationship which contributed $662 thousand to loan interest income for the three months ended March 31, 2016. The increase in interest expense on FHLB and other borrowings was due to an increase in short-term borrowing rates. Noninterest income increased by $159 thousand which was the result of a $161 thousand improvement in performance of the interest rate cap and a $206 thousand increase in mortgage fee income, which was offset by a $127 thousand decrease in gain on sale of securities, and a $140 thousand decrease in gain on sale of portfolio loans. Noninterest expense increased by $3 thousand , primarily the result of the following: a $120 thousand increase in occupancy and equipment expense and a $136 thousand increase in data processing and communications expense, which was offset by a $174 thousand decrease in salaries and employee benefits expense and a $55 thousand decrease in professional fees. The increase in data processing and communications expense was primarily related to the increased data processing fees related to the core system conversion and the decrease in salaries and employee benefits was related to capitalized payroll costs for certain employees involved in the core system conversion. In addition, provision expense decreased by $125 thousand due to the reduced loan volume in the first quarter of 2017 versus the same quarter in 2016 , which included decreases in the highest commercial loan loss rates; and a higher level of charge-offs in the first quarter of 2017 , which was more than offset by the reduced loan volume and decreased historical loan volume and historical loss rates. Mortgage Banking For the three months ended March 31, 2017 , the Mortgage Banking segment earned $116 thousand compared to $396 thousand in 2016 . Net interest income decreased $45 thousand , noninterest income increased by $19 thousand , and noninterest expense increased by $398 thousand . The increase in noninterest income was related to the $2.5 million increase in mortgage fee income and was offset by the $2.5 million decrease on the gain on derivative. The $398 thousand increase in noninterest expense was primarily the result of the following: a $244 thousand increase in salaries and employee benefits expense, which was primarily due to a 4.1% increase in origination volume and offset by a $192 thousand decrease 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: a $33 thousand increase in mortgage processing expense, a $22 thousand decrease in data processing and communications expense, a $22 thousand increase in occupancy and equipment expense, a $49 thousand increase in travel, entertainment, dues, and subscriptions expense, and a $61 thousand increase in other operating expense. Financial Holding Company For the three months ended March 31, 2017 , the Financial Holding Company segment lost $1.0 million compared to a loss of $953 thousand in 2016 . Interest expense decreased $1 thousand , noninterest income decreased $403 thousand and noninterest expense decreased $305 thousand . The decrease in noninterest income was mainly due to a $333 thousand decrease in other operating income, primarily intercompany services income related to Regulation W. In addition, the income tax benefit increased $21 thousand . The decrease in noninterest expense was primarily due to a $416 thousand decrease in salaries and employee benefits expense, a $18 thousand increase in professional fees, a $47 thousand increase in occupancy and equipment expense, a $54 thousand increase in other operating expense, an $18 thousand increase in professional fees, and a $6 thousand increase in marketing expense. Insurance The discontinued insurance segment lost $106 thousand for the three months ended March 31, 2016 . In June 2016 , primarily all the assets of the Insurance segment were sold and the segment was reorganized as a subsidiary of the Bank. There is no insurance segment in 2017.

Pension Plan

Pension Plan	3 Months Ended
	Mar. 31, 2017
Compensation and Retirement Disclosure [Abstract]
Pension Plan	Note 10 – 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% . Information pertaining to the activity in the Company’s defined benefit plan, using the latest available actuarial valuations with a measurement date of March 31, 2017 and 2016 is as follows: (Dollars in thousands) Three Months Ended Three Months Ended Service cost $ — $ — Interest cost 90 92 Expected Return on Plan Assets (86 ) (83 ) Amortization of Net Actuarial Loss 60 59 Amortization of Prior Service Cost — — Net Periodic Benefit Cost $ 64 $ 68 Contributions Paid $ 58 $ 40

Comprehensive Income

Comprehensive Income	3 Months Ended
	Mar. 31, 2017
Comprehensive Income (Loss), Net of Tax, Attributable to Parent [Abstract]
Comprehensive Income	Note 11 – Comprehensive Income The following tables present the components of accumulated other comprehensive income (“AOCI”) for the three months ended March 31, 2017 and 2016 : (Dollars in thousands) Three Months Ended Three Months Ended Details about AOCI Components 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 $ 183 $ 381 Gain on sale of securities 183 381 Total before tax (73 ) (152 ) Income tax expense 110 229 Net of tax Defined benefit pension plan items Amortization of net actuarial loss (60 ) (59 ) Salaries and benefits (60 ) (59 ) Total before tax 24 24 Income tax expense (36 ) (35 ) Net of tax Total reclassifications $ 74 $ 194 (Dollars in thousands) Unrealized gains (losses) on available for-sale securities Defined benefit pension plan items Total Balance at December 31, 2016 $ (1,598 ) $ (2,679 ) $ (4,277 ) Other comprehensive loss before reclassification 269 62 331 Amounts reclassified from AOCI (110 ) 36 (74 ) Net current period OCI 159 98 257 Balance at March 31, 2017 $ (1,439 ) $ (2,581 ) $ (4,020 ) Balance at December 31, 2015 $ (363 ) $ (2,570 ) $ (2,933 ) Other comprehensive loss before reclassification 1,346 (345 ) 1,001 Amounts reclassified from AOCI (229 ) 35 (194 ) Net current period OCI 1,117 (310 ) 807 Balance at March 31, 2016 $ 754 $ (2,880 ) $ (2,126 )

Discontinued Operations

Discontinued Operations	3 Months Ended
	Mar. 31, 2017
Discontinued Operations and Disposal Groups [Abstract]
Discontinued Operations	Note 12 – 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. There were no assets or liabilities related to discontinued operations at March 31, 2017 or December 31, 2016 . Net loss from discontinued operations, net of tax, for the three months ended March 31, 2017 and 2016 , were as follows: Three Months Ended (Dollars in thousands) 2017 2016 NONINTEREST INCOME Insurance and investment services income $ — $ 1,064 Total noninterest income — 1,064 NONINTEREST EXPENSES Salary and employee benefits — 952 Occupancy expense — 72 Equipment depreciation and maintenance — 14 Data processing and communications — 40 Marketing, contributions and sponsorships — 2 Professional fees — 1 Printing, postage and supplies — 7 Insurance, tax and assessment expense — 27 Travel, entertainment, dues and subscriptions — 27 Other operating expenses — 1 Total noninterest expense — 1,143 Loss from discontinued operations, before income taxes — (79 ) Income tax benefit - discontinued operations — (30 ) Net loss from discontinued operations $ — $ (49 )

Rights Offering

Rights Offering	3 Months Ended
	Mar. 31, 2017
Equity [Abstract]
Rights Offering	Note 7 – Stock Offerings 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 below. 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. For more information regarding the Securities Purchase Agreements, see Note 13, "Rights Offering" of the Notes to the Consolidated Financial Statements, included in Item 1, Financial Statements, of this Quarterly Report on Form 10-Q. 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 subsidiaries. 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”). 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 remained well in excess of those required for well capitalized status. Note 13 – Rights Offering On March 13, 2017, the Company entered into an Investment Agreement (the “Investment Agreement”) with its Chief Executive Officer, Larry F. Mazza (“Mazza”). Pursuant to the Investment Agreement, Mazza committed to subscribe for and purchase, at the Subscription Price (as defined below), upon expiration of the Rights Offering (as defined below), the number of shares of the Company’s common stock, if any, equal to the amount by which 100,000 exceeds the number of shares purchased by Mazza in the Rights Offering. Pursuant to the Investment Agreement, Mazza agreed not to sell or otherwise transfer any shares acquired in connection with the Investment Agreement for a period of six months following the closing of the Rights Offering. On March 13, 2017, the Company filed with the Securities and Exchange Commission (the “SEC”) a prospectus supplement and accompanying base prospectus (collectively, the “Prospectus”) relating to the commencement of the Company’s rights offering (the “Rights Offering”), pursuant to which the Company distributed, at no charge, non-transferable subscription rights to the holders of its common stock as of 5:00 p.m., Eastern time, on March 10, 2017. The subscription rights were exercisable for up to a total of 434,783 shares of the Company’s common stock, subject to such terms and conditions as further described in the Prospectus. On March 27, 2017, the Company announced the extension of the expiration date for the rights offering from Friday, March 31, 2017 to Friday, April 14, 2017. This extension was offered to ensure adequate time for shareholders to make their investment decision. During the extended subscription period for the rights offering, each holder of non-transferable subscription rights could exercise the rights that had not already been exercised. Other than the extension of the expiration date of the rights offering, all of the offering terms described in the Prospectus remained the same and applied during the extended subscription period of the rights offering. On April 20, 2017, the Company announced the completion of the rights offering, which expired at 5:00 p.m. Eastern time on April 14, 2017. All 434,783 shares offered in the rights offering were subscribed for, resulting in new capital of approximately $5.0 million . Computershare, who served as subscription agent, completed its review and tabulation of subscriptions on April 19, 2017. Computershare issued the shares acquired in the rights offering by book entry in the Company's stock ownership records, which are maintained by Computershare, as transfer agent, on or about April 20, 2017. Larry F. Mazza purchased 100,000 shares of the Company's common stock: 90,999 under the rights offering and 9,001 shares under the Investment Agreement.

Recent Accounting Pronounceme22

Recent Accounting Pronouncements (Policies)	3 Months Ended
	Mar. 31, 2017
Accounting Policies [Abstract]
Basis of Presentation	These consolidated financial statements have been prepared in accordance with U.S. generally accepted accounting principles (“GAAP”) for interim financial information and with instructions to Form 10‑Q. Accordingly, they do not include all the information and footnotes required by GAAP for annual year-end financial statements. In the opinion of management, all adjustments considered necessary for a fair presentation have been included and are of a normal, recurring nature. The consolidated balance sheet as of December 31, 2016 has been derived from audited financial statements included in the Company’s 2016 filing on Form 10-K. Operating results for the three months ended March 31, 2017 are not necessarily indicative of the results that may be expected for the year ending December 31, 2017 . The accounting and reporting policies of MVB Financial Corp. (“the Company” or “MVB”) and its subsidiary (“Subsidiary”), MVB Bank, Inc. (the “Bank”), the Bank’s subsidiaries Potomac Mortgage Group, Inc., which does business as MVB Mortgage (“MVB Mortgage”) and MVB Insurance, LLC ("MVB Insurance"), conform to accounting principles generally accepted in the United States and practices in the banking industry.
Use of Estimates	The preparation of the financial statements in conformity with accounting principles generally accepted in the United States requires management to make estimates and assumptions that affect the amounts reported in the financial statements and accompanying notes. 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 those estimates.
Consolidation	All significant inter-company accounts and transactions have been eliminated in consolidation.
Recent Accounting Pronouncements	In March 2017, the Financial Accounting Standards Board ("FASB") issued Accounting Standards Update ("ASU") 2017-08, Receivables–Nonrefundable Fees and Other Costs (Subtopic 310-20): Premium Amortization on Purchased Callable Debt Securities . This ASU amends guidance on the amortization period of premiums on certain purchased callable debt securities. Specifically, the amendments shorten the amortization period of premiums on certain purchased callable debt securities to the earliest call date. The amendments affect all entities that hold investments in callable debt securities that have an amortized cost basis in excess of the amount that is repayable by the issuer at the earliest call date (that is, at a premium). For public companies, this update will be effective for fiscal years effective for fiscal years beginning after December 15, 2018, including all interim periods within those fiscal years. The adoption of this guidance is not expected to be material to the consolidated financial statements, as it is our current policy to amortize premiums of investment securities to the earliest call date. In March 2017, the FASB issued ASU 2017-07, Retirement Benefits (Topic 715): Improving the Presentation of Net Periodic Pension Cost and Net Periodic Postretirement Benefit Cost . Topic 715, Compensation–Retirement Benefits, requires an entity to present net periodic pension cost and net periodic postretirement benefit cost as a net amount that may be capitalized as part of an asset where appropriate.Users have communicated that the service cost component generally is analyzed differently from the other components of net periodic pension cost and net periodic postretirement benefit cost. To improve the consistency, transparency, and usefulness of financial information for users, the amendments in this Update require that an employer report the service cost component in the same line item or items as other compensation costs arising from services rendered by the pertinent employees during the period. It also requires the other components of net periodic pension cost and net periodic postretirement benefit cost as defined in paragraphs 715-30-35-4 and 715-60-35-9 to be presented in the income statement separately from the service cost component and outside a subtotal of income from operations, if one is presented. Additionally, only the service cost component is eligible for capitalization, when applicable. For public companies, this update will be effective for fiscal years effective for fiscal years beginning after December 15, 2017, including all interim periods within those fiscal years. The Company is currently evaluating the provisions of this ASU to determine the potential impact to the Company's consolidated financial statements. In January 2017, the FASB issued ASU 2017-04, Intangibles–Goodwill and Other (Topic 350): Simplifying the Test for Goodwill Impairment . Topic 350, Intangibles—Goodwill and Other (Topic 350), currently requires an entity that has not elected the private company alternative for goodwill to perform a two-step test to determine the amount, if any, of goodwill impairment. In Step 1, an entity compares the fair value of a reporting unit with its carrying amount, including goodwill. If the carrying amount of the reporting unit exceeds its fair value, the entity performs Step 2 and compares the implied fair value of goodwill with the carrying amount of that goodwill for that reporting unit. An impairment charge equal to the amount by which the carrying amount of goodwill for the reporting unit exceeds the implied fair value of that goodwill is recorded, limited to the amount of goodwill allocated to that reporting unit To address concerns over the cost and complexity of the two-step goodwill impairment test, the amendments in this Update remove the second step of the test. An entity will apply a one-step quantitative test and record the amount of goodwill impairment as the excess of a reporting unit's carrying amount over its fair value, not to exceed the total amount of goodwill allocated to the reporting unit. The new guidance does not amend the optional qualitative assessment of goodwill impairment. For public companies, this update will be effective for fiscal years effective for fiscal years beginning after December 15, 2019, including all interim periods within those fiscal years. The Company is currently evaluating the provisions of this ASU to determine the potential impact to the Company's consolidated financial statements. In January 2017, the FASB Issued ASU 2017-03, Accounting Changes and Error Corrections (Topic 250) and Investments–Equity Method and Joint Ventures (Topic 323) . This Accounting Standards Update adds and amends SEC paragraphs pursuant to the SEC Staff Announcements at the September 22, 2016 and November 17, 2016 Emerging Issues Task Force (EITF) meetings. The September announcement is about the Disclosure of the Impact That Recently Issued Accounting Standards Will Have on the Financial Statements of a Registrant When Such Standards are Adopted in a Future Period. The November announcement made amendments to conform the SEC Observer Comment on Accounting for Tax Benefits Resulting from Investments in Qualified Affordable Housing Projects to the guidance issued in Accounting Standards Update No. 2014-01,Investments—Equity Method and Joint Ventures (Topic 323): Accounting for Investments in Qualified Affordable Housing Projects. The adoption of this guidance is not expected to be material to the consolidated financial statements. In January 2017, the FASB issued ASU 2017-01, Business Combinations (Topic 805): Clarifying the Definition of a Business . The amendments in this Update clarify the definition of a business with the objective of adding guidance to assist entities with evaluating whether transactions should be accounted for as acquisitions (or disposals) of businesses. The amendments in this Update provide a screen to determine when a set is not a business. If the screen is not met, it (1) requires that to be considered a business, a set must include, at a minimum, an input and a substantive process that together significantly contribute to the ability to create output and (2) removes the evaluation of whether a market participant could replace the missing elements. For public companies, this update will be effective for fiscal years 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 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 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 May 2014, the FASB issued ASU 2014-09, Revenue from Contracts with Customers (Topic 606) . The new revenue pronouncement creates a single source of revenue guidance for all companies in all industries and is more principles-based than current revenue guidance. The pronouncement provides a five-step model for a company to recognize revenue when it transfers control of goods or services to customers at an amount that reflects the consideration to which it expects to be entitled in exchange for those goods or services. The five steps are, (1) identify the contract with the customer, (2) identify the separate performance obligations in the contract, (3) determine the transaction price, (4) allocate the transaction price to the separate performance obligations and (5) recognize revenue when each performance obligation is satisfied. On July 9, 2015, the FASB approved a one-year deferral of the effective date of the update. The update is effective for interim and annual reporting periods in fiscal years beginning after December 15, 2017. Early adoption is now permitted as of the original effective date for interim and annual reporting periods in fiscal years beginning after December 15, 2016. In March 2016, the FASB issued ASU 2016-08, which amends the principle versus agent guidance in the revenue standard. In April 2016, the FASB issued ASU 2016-10, which clarifies when promised goods or services are separately identifiable in the revenue standard. In May 2016, FASB issued ASU 2016-12, which provides narrow-scope improvements and practical expedients to the revenue standard. While the Company is currently evaluating the impact of this standard on individual customer contracts, management has evaluated the impact of this standard on the broad categories of its customer contracts and revenue streams. The Company currently anticipates this standard will not have a material impact on its consolidated financial statements because revenue related to financial instruments, including loans and investment securities are not in scope of these updates. Loan interest income, investment interest income, insurance services revenue and BOLI are accounted for under other U.S. GAAP standards and out of scope of ASC 606 revenue standard. The Company plans to adopt the revenue recognition standard as of January 1, 2018. The Company is currently reviewing all streams of revenue that may be subject to this revised guidance. While we have not yet identified any material changes to the timing of revenue recognition, the Company’s review is ongoing.

Investment Securities (Tables)

Investment Securities (Tables)	3 Months Ended
	Mar. 31, 2017
Investments, Debt and Equity Securities [Abstract]
Amortized Cost and Fair Values of Investment Securities Available-for-sale	Amortized cost and fair values of investment securities available-for-sale at March 31, 2017 are summarized as follows: (Dollars in thousands) Amortized Cost Unrealized Gain Unrealized Loss Fair Value U. S. Agency securities $ 48,874 $ 6 $ (419 ) $ 48,461 U.S. Sponsored Mortgage-backed securities 59,364 19 (1,267 ) 58,116 Municipal securities 53,216 389 (1,482 ) 52,123 Total debt securities 161,454 414 (3,168 ) 158,700 Equity and other securities 13,699 370 (15 ) 14,054 Total investment securities available-for-sale $ 175,153 $ 784 $ (3,183 ) $ 172,754 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 Debt Securities by Maturity	The following table summarizes amortized cost and fair values of debt securities by maturity: March 31, 2017 Available for sale (Dollars in thousands) Amortized Cost Fair Value Within one year $ 200 $ 202 After one year, but within five 21,426 21,390 After five years, but within ten 16,822 16,638 After ten years 123,006 120,470 Total $ 161,454 $ 158,700
Investments in an Unrealized Loss Position	The following table discloses investments in an unrealized loss position at March 31, 2017 : (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 (31) $ 34,831 $ (349 ) $ 6,628 $ (70 ) U.S. Sponsored Mortgage-backed securities (31) 35,851 (962 ) 12,712 (305 ) Municipal securities (68) 35,260 (1,482 ) — — Equity and other securities (1) $ 1,485 $ (15 ) $ — $ — $ 107,427 $ (2,808 ) $ 19,340 $ (375 ) 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 )

Loans and Allowance for Loan 24

Loans and Allowance for Loan Losses (Tables)	3 Months Ended
	Mar. 31, 2017
Receivables [Abstract]
Allowance Activity	The following tables summarize the primary segments of the allowance for loan losses, segregated into the amount required for loans individually evaluated for impairment and the amount required for loans collectively evaluated for impairment as of March 31, 2017 : (Dollars in thousands) Commercial Residential Home Equity Consumer Total Allowance for loan losses balance at December 31, 2016 $ 7,181 $ 990 $ 728 $ 202 $ 9,101 Charge-offs (113 ) (141 ) (33 ) (3 ) (290 ) Recoveries 9 32 1 1 43 Provision 208 204 94 12 518 Allowance for loan losses balance at March 31, 2017 $ 7,285 $ 1,085 $ 790 $ 212 $ 9,372 Individually evaluated for impairment $ 279 $ 46 $ 36 $ 25 $ 386 Collectively evaluated for impairment $ 7,006 $ 1,039 $ 754 $ 187 $ 8,986 The following tables summarize the primary segments of the allowance for loan losses, segregated into the amount required for loans individually evaluated for impairment and the amount required for loans collectively evaluated for impairment as of March 31, 2016 : (Dollars in thousands) Commercial Residential Home Equity Consumer Total Allowance for loan losses balance at December 31, 2015 $ 6,066 $ 1,095 $ 715 $ 130 $ 8,006 Charge-offs (102 ) (67 ) — (22 ) (191 ) Recoveries — — — 7 7 Provision 257 129 32 207 625 Allowance for loan losses balance at March 31, 2016 $ 6,221 $ 1,157 $ 747 $ 322 $ 8,447 Individually evaluated for impairment $ 946 $ 212 $ — $ 211 $ 1,369 Collectively evaluated for impairment $ 5,275 $ 945 $ 747 $ 111 $ 7,078
Primary Segments of the Loan Portfolio	The following table summarizes the primary segments of the Company loan portfolio as of March 31, 2017 : (Dollars in thousands) Commercial Residential Home Equity Consumer Total Individually evaluated for impairment $ 10,300 $ 1,356 $ 647 $ 125 $ 12,428 Collectively evaluated for impairment 742,960 243,235 64,523 13,636 1,064,354 Total Loans $ 753,260 $ 244,591 $ 65,170 $ 13,761 $ 1,076,782 The following table summarizes the primary segments of the Company loan portfolio as of March 31, 2016 : (Dollars in thousands) Commercial Residential Home Equity Consumer Total Individually evaluated for impairment $ 10,974 $ 1,049 $ 28 $ 375 $ 12,426 Collectively evaluated for impairment 742,824 235,594 68,290 16,472 1,063,180 Total Loans $ 753,798 $ 236,643 $ 68,318 $ 16,847 $ 1,075,606
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 March 31, 2017 and December 31, 2016 : 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 March 31, 2017 Commercial Commercial Business $ 3,316 $ 31 $ 30 $ 3,346 $ 4,106 Commercial Real Estate 1,244 173 1,946 3,190 3,217 Acquisition & Development 263 75 3,501 3,764 6,033 Total Commercial 4,823 279 5,477 10,300 13,356 Residential 385 46 971 1,356 1,417 Home Equity 577 36 70 647 659 Consumer 56 25 69 125 335 Total Impaired Loans $ 5,841 $ 386 $ 6,587 $ 12,428 $ 15,767 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
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 periods indicated: Three Months Ended Three Months Ended (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 Commercial Commercial Business $ 3,349 $ 39 $ 13 $ 3,838 $ 39 $ 26 Commercial Real Estate 2,803 25 26 6,541 28 25 Acquisition & Development 3,775 2 3 2,722 2 3 Total Commercial 9,927 66 42 13,101 69 54 Residential 1,417 2 17 1,059 5 3 Home Equity 653 — — 28 — — Consumer 142 — — 198 — — Total $ 12,139 $ 68 $ 59 $ 14,386 $ 74 $ 57
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 March 31, 2017 and December 31, 2016 : (Dollars in thousands) Pass Special Mention Substandard Doubtful Total March 31, 2017 Commercial Commercial Business $ 361,762 $ 3,658 $ 6,774 $ 44 $ 372,238 Commercial Real Estate 239,998 26,786 3,509 254 270,547 Acquisition & Development 102,803 1,888 2,583 3,201 110,475 Total Commercial 704,563 32,332 12,866 3,499 753,260 Residential 241,832 1,909 570 280 244,591 Home Equity 63,813 1,220 137 — 65,170 Consumer 13,324 344 31 62 13,761 Total Loans $ 1,023,532 $ 35,805 $ 13,604 $ 3,841 $ 1,076,782 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
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 March 31, 2017 and December 31, 2016 : (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 March 31, 2017 Commercial Commercial Business $ 370,415 $ 1,326 $ 423 $ 74 $ 1,823 $ 372,238 $ 74 $ — Commercial Real Estate 269,606 9 — 932 941 270,547 932 — Acquisition & Development 107,724 175 — 2,576 2,751 110,475 3,502 — Total Commercial 747,745 1,510 423 3,582 5,515 753,260 4,508 — Residential 242,976 944 72 599 1,615 244,591 1,269 — Home Equity 65,100 — — 70 70 65,170 620 — Consumer 13,450 229 13 69 311 13,761 122 — Total Loans $ 1,069,271 $ 2,683 $ 508 $ 4,320 $ 7,511 $ 1,076,782 $ 6,519 $ — 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 $ —

Borrowed Funds (Tables)

Borrowed Funds (Tables)	3 Months Ended
	Mar. 31, 2017
Debt Disclosure [Abstract]
Information Related to Short-term Borrowings	Information related to short-term borrowings is summarized as follows: (Dollars in thousands) March 31, 2017 December 31, 2016 Balance at end of period $ 87,448 $ 87,733 Average balance during the period 99,854 137,822 Maximum month-end balance 130,149 210,600 Weighted-average rate during the year 0.85 % 0.51 % Weighted-average rate at end of period 0.99 % 0.74 %
Information Related To Repurchase Agreements	Information related to repurchase agreements is summarized as follows: (Dollars in thousands) March 31, 2017 December 31, 2016 Balance at end of period $ 21,695 $ 25,160 Average balance during the period 23,113 27,066 Maximum month-end balance 24,126 29,561 Weighted-average rate during the year 0.29 % 0.27 % Weighted-average rate at end of period 0.32 % 0.28 %
Long-term Notes from the FHLB	Long-term notes from the FHLB were as follows: (Dollars in thousands) March 31, 2017 December 31, 2016 Fixed interest rate notes, originating between April 2002 and December 2007, due between May 2017 and April 2022, interest of between 4.50% and 5.90% payable monthly $ 2,371 $ 2,390 Amortizing fixed interest rate note, originating February 2007, due February 2022, payable in monthly installments of $5 thousand, including interest of 5.22% 792 798 $ 3,163 $ 3,188
Information Related to Subordinated Debt	Information related to subordinated debt is summarized as follows: (Dollars in thousands) March 31, 2017 December 31, 2016 Balance at end of period $ 33,524 $ 33,524 Average balance during the period 33,524 33,524 Maximum month-end balance 33,524 33,524 Weighted-average rate during the year 6.57 % 6.64 % Weighted-average rate at end of period 6.64 % 6.63 %
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 2018 88,056 2019 81 2020 86 2021 90 2022 879 Thereafter 34,943 $ 124,135

Fair Value of Financial Instr26

Fair Value of Financial Instruments (Tables)	3 Months Ended
	Mar. 31, 2017
Fair value of assets and liabilities
Schedule of Recurring Level III Assets	The following table represents recurring level III assets: Interest Rate Lock Commitments (Dollars in thousands) Three Months Ended Three Months Ended Balance, beginning of period $ 1,546 $ 1,583 Realized and unrealized gains included in earnings 1,309 1,186 Balance, end of period $ 2,855 $ 2,769
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 March 31, 2017 and December 31, 2016 . Quantitative Information about Level III Fair Value Measurements (Dollars in thousands) Fair Value Valuation Technique Unobservable Input Range March 31, 2017 Nonrecurring measurements: Impaired loans $ 12,042 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 $ 2,855 Pricing model Pull through rates 73% - 80% 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% 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.
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) March 31, 2017 Financial assets: Cash and cash equivalents $ 18,278 $ 18,278 $ 18,278 $ — $ — Certificates of deposits with other banks 14,527 14,425 — 14,425 — Securities available-for-sale 172,754 172,754 918 171,836 — Loans held for sale 71,921 71,921 — 71,921 — Loans, net 1,067,410 1,063,540 — — 1,063,540 Mortgage servicing rights 188 188 — — 188 Interest rate lock commitment 2,855 2,855 — — 2,855 Interest rate swap 179 179 — 179 — Interest rate cap 156 156 — 156 — Accrued interest receivable 4,186 4,186 — 1,145 3,041 Financial liabilities: Deposits $ 1,136,466 $ 1,092,959 $ — $ 1,092,959 $ — Repurchase agreements 21,695 21,695 — 21,695 — FHLB and other borrowings 90,611 90,643 — 90,643 — Mortgage-backed security hedges 747 747 — 747 — Interest rate swap 179 179 — 179 — Accrued interest payable 560 560 — 560 — Subordinated debt 33,524 32,275 — 32,275 — 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 162,368 162,368 897 161,471 — 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 —
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 March 31, 2017 and December 31, 2016 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. March 31, 2017 (Dollars in thousands) Level I Level II Level III Total Assets: U.S. Government Agency securities $ — $ 48,461 $ — $ 48,461 U.S. Sponsored Mortgage backed securities — 58,116 — 58,116 Municipal securities — 52,123 — 52,123 Equity and other securities 918 13,136 — 14,054 Loans held for sale — 71,921 — 71,921 Interest rate lock commitment — — 2,855 2,855 Interest rate swap — 179 — 179 Interest rate cap — 156 — 156 Liabilities: Mortgage-backed security hedges — 747 — 747 Interest rate swap — 179 — 179 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 897 7,127 — 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
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 March 31, 2017 and December 31, 2016 are included in the table below: March 31, 2017 (Dollars in thousands) Level I Level II Level III Total Impaired loans $ — $ — $ 12,042 $ 12,042 Other real estate owned — — 414 414 December 31, 2016 (Dollars in thousands) Level I Level II Level III Total Impaired loans $ — $ — $ 11,609 $ 11,609 Other real estate owned — — 414 414

Net Income Per Common Share (Ta

Net Income Per Common Share (Tables)	3 Months Ended
	Mar. 31, 2017
Earnings Per Share [Abstract]
Schedule of Net Income Per Common Share	Three Months Ended (Dollars in thousands except shares and per share data) 2017 2016 Numerator for basic earnings per share: Net income from continuing operations $ 1,574 $ 1,845 Less: Dividends on preferred stock 129 186 Net income from continuing operations available to common shareholders - basic 1,445 1,659 Net income from discontinued operations available to common shareholders - basic and diluted — (49 ) Net income available to common shareholders $ 1,445 $ 1,610 Numerator for diluted earnings per share: Net income from continuing operations available to common shareholders - basic $ 1,445 $ 1,659 Add: Interest on subordinated debt (tax effected) — 342 Net income available to common shareholders from continuing operations - diluted $ 1,445 $ 2,001 Denominator: Total average shares outstanding 9,996,544 8,061,998 Effect of dilutive convertible subordinated debt — 1,837,500 Effect of dilutive stock options 12,797 1,752 Total diluted average shares outstanding 10,009,341 9,901,250 Earnings per share from continuing operations - basic $ 0.14 $ 0.21 Earnings per share from discontinued operations - basic $ — $ (0.01 ) Earnings per common shareholder - basic $ 0.14 $ 0.20 Earnings per share from continuing operations - diluted $ 0.14 $ 0.20 Earnings per share from discontinued operations - diluted $ — $ — Earnings per common shareholder - diluted $ 0.14 $ 0.20

Segment Reporting (Tables)

Segment Reporting (Tables)	3 Months Ended
	Mar. 31, 2017
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 three month periods ended March 31, 2017 and 2016 are as follows: Three Months Ended March 31, 2017 Commercial & Retail Banking Mortgage Banking Financial Holding Company Intercompany Eliminations Consolidated (Dollars in thousands) Revenues: Interest income $ 12,312 $ 781 $ 1 $ (26 ) $ 13,068 Mortgage fee income 185 9,637 — (188 ) 9,634 Insurance and investment services income 124 — — — 124 Other income 953 (1,831 ) 1,210 (1,266 ) (934 ) Total operating income 13,574 8,587 1,211 (1,480 ) 21,892 Expenses: Interest expense 2,119 304 551 (212 ) 2,762 Salaries and employee benefits 2,657 5,955 1,350 — 9,962 Provision for loan losses 500 18 — — 518 Other expense 4,650 2,098 875 (1,268 ) 6,355 Total operating expenses 9,926 8,375 2,776 (1,480 ) 19,597 Income (loss) from continuing operations, before income taxes 3,648 212 (1,565 ) — 2,295 Income tax expense (benefit) - continuing operations 1,161 96 (536 ) — 721 Net income (loss) from continuing operations 2,487 116 (1,029 ) — 1,574 Net income (loss) $ 2,487 $ 116 $ (1,029 ) $ — $ 1,574 Preferred stock dividends — — 129 — 129 Net income (loss) available to common shareholders 2,487 116 (1,158 ) — 1,445 Capital Expenditures for the year ended March 31, 2017 $ 867 $ 692 $ 29 $ — $ 1,588 Total Assets as of March 31, 2017 1,430,792 103,621 168,325 (268,787 ) 1,433,951 Total Assets as of December 31, 2016 1,415,735 122,242 180,340 (299,513 ) 1,418,804 Goodwill as of March 31, 2017 1,598 16,882 — — 18,480 Goodwill as of December 31, 2016 1,598 16,882 — — 18,480 Three Months Ended March 31, 2016 Commercial & Retail Banking Mortgage Banking Financial Holding Company Insurance Intercompany Eliminations Consolidated (Dollars in thousands) Revenues: Interest income $ 12,462 $ 941 $ 1 $ — $ (22 ) $ 13,382 Mortgage fee income (22 ) 7,108 — — (301 ) 6,785 Insurance and investment services income 53 — — — — 53 Other income 1,072 679 1,613 — (1,590 ) 1,774 Total operating income 13,565 8,728 1,614 — (1,913 ) 21,994 Expenses: Interest expense 2,040 419 552 — (324 ) 2,687 Salaries and employee benefits 2,831 5,711 1,766 — — 10,308 Provision for loan losses 625 — — — — 625 Other expense 4,473 1,944 764 — (1,498 ) 5,683 Total operating expenses 9,969 8,074 3,082 — (1,822 ) 19,303 Income (loss) from continuing operations, before income taxes 3,596 654 (1,468 ) — (91 ) 2,691 Income tax expense (benefit) - continuing operations 1,137 258 (515 ) — (34 ) 846 Net income (loss) from continuing operations 2,459 396 (953 ) — (57 ) 1,845 Income (loss) from discontinued operations — — — (170 ) 91 (79 ) Income tax expense (benefit) - discontinued operations $ — $ — $ — $ (64 ) $ 34 $ (30 ) Net income (loss) from discontinued operations $ — $ — $ — $ (106 ) $ 57 $ (49 ) Net income (loss) $ 2,459 $ 396 $ (953 ) $ (106 ) $ — $ 1,796 Preferred stock dividends — — 186 — — 186 Net income (loss) available to common shareholders 2,459 396 (1,139 ) (106 ) — 1,610 Capital Expenditures for the year ended March 31, 2016 $ 549 $ 41 $ 62 $ — $ — $ 652 Total Assets as of March 31, 2016 1,433,380 126,854 146,896 2,366 (276,856 ) 1,432,640 Total Assets as of December 31, 2015 1,378,988 125,227 151,441 5,017 (276,197 ) 1,384,476 Goodwill as of March 31, 2016 1,598 16,882 — — — 18,480 Goodwill as of December 31, 2015 1,598 16,882 — — — 18,480

Pension Plan (Tables)

Pension Plan (Tables)	3 Months Ended
	Mar. 31, 2017
Compensation and Retirement Disclosure [Abstract]
Activity in the Defined Benefit Plan	Information pertaining to the activity in the Company’s defined benefit plan, using the latest available actuarial valuations with a measurement date of March 31, 2017 and 2016 is as follows: (Dollars in thousands) Three Months Ended Three Months Ended Service cost $ — $ — Interest cost 90 92 Expected Return on Plan Assets (86 ) (83 ) Amortization of Net Actuarial Loss 60 59 Amortization of Prior Service Cost — — Net Periodic Benefit Cost $ 64 $ 68 Contributions Paid $ 58 $ 40

Comprehensive Income (Tables)

Comprehensive Income (Tables)	3 Months Ended
	Mar. 31, 2017
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 three months ended March 31, 2017 and 2016 : (Dollars in thousands) Three Months Ended Three Months Ended Details about AOCI Components 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 $ 183 $ 381 Gain on sale of securities 183 381 Total before tax (73 ) (152 ) Income tax expense 110 229 Net of tax Defined benefit pension plan items Amortization of net actuarial loss (60 ) (59 ) Salaries and benefits (60 ) (59 ) Total before tax 24 24 Income tax expense (36 ) (35 ) Net of tax Total reclassifications $ 74 $ 194
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 December 31, 2016 $ (1,598 ) $ (2,679 ) $ (4,277 ) Other comprehensive loss before reclassification 269 62 331 Amounts reclassified from AOCI (110 ) 36 (74 ) Net current period OCI 159 98 257 Balance at March 31, 2017 $ (1,439 ) $ (2,581 ) $ (4,020 ) Balance at December 31, 2015 $ (363 ) $ (2,570 ) $ (2,933 ) Other comprehensive loss before reclassification 1,346 (345 ) 1,001 Amounts reclassified from AOCI (229 ) 35 (194 ) Net current period OCI 1,117 (310 ) 807 Balance at March 31, 2016 $ 754 $ (2,880 ) $ (2,126 )

Discontinued Operations (Tables

Discontinued Operations (Tables)	3 Months Ended
	Mar. 31, 2017
Discontinued Operations and Disposal Groups [Abstract]
Net Loss From Discontinued Operations	Net loss from discontinued operations, net of tax, for the three months ended March 31, 2017 and 2016 , were as follows: Three Months Ended (Dollars in thousands) 2017 2016 NONINTEREST INCOME Insurance and investment services income $ — $ 1,064 Total noninterest income — 1,064 NONINTEREST EXPENSES Salary and employee benefits — 952 Occupancy expense — 72 Equipment depreciation and maintenance — 14 Data processing and communications — 40 Marketing, contributions and sponsorships — 2 Professional fees — 1 Printing, postage and supplies — 7 Insurance, tax and assessment expense — 27 Travel, entertainment, dues and subscriptions — 27 Other operating expenses — 1 Total noninterest expense — 1,143 Loss from discontinued operations, before income taxes — (79 ) Income tax benefit - discontinued operations — (30 ) Net loss from discontinued operations $ — $ (49 )

Investment Securities - Held-to

Investment Securities - Held-to-maturity (Details) - USD ($)	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016	Dec. 31, 2016
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	$ 0	$ 1,825,000
Held-to-maturity securities	$ 0		$ 0

Investment Securities - Availab

Investment Securities - Available-for-sale (Details) - USD ($) $ in Thousands	Mar. 31, 2017	Dec. 31, 2016
Amortized cost and fair values of investment securities available-for-sale
Amortized Cost	$ 175,153	$ 165,032
Unrealized Gain	784	1,146
Unrealized Loss	(3,183)	(3,810)
Fair Value	172,754	162,368
Total debt securities
Amortized cost and fair values of investment securities available-for-sale
Amortized Cost	161,454	157,389
Unrealized Gain	414	765
Unrealized Loss	(3,168)	(3,810)
Fair Value	158,700	154,344
U. S. Agency securities
Amortized cost and fair values of investment securities available-for-sale
Amortized Cost	48,874	29,234
Unrealized Gain	6	7
Unrealized Loss	(419)	(425)
Fair Value	48,461	28,816
U.S. Sponsored Mortgage-backed securities
Amortized cost and fair values of investment securities available-for-sale
Amortized Cost	59,364	56,080
Unrealized Gain	19	14
Unrealized Loss	(1,267)	(1,362)
Fair Value	58,116	54,732
Municipal securities
Amortized cost and fair values of investment securities available-for-sale
Amortized Cost	53,216	72,075
Unrealized Gain	389	744
Unrealized Loss	(1,482)	(2,023)
Fair Value	52,123	70,796
Equity and other securities
Amortized cost and fair values of investment securities available-for-sale
Amortized Cost	13,699	7,643
Unrealized Gain	370	381
Unrealized Loss	(15)	0
Fair Value	$ 14,054	$ 8,024

Investment Securities - Summary

Investment Securities - Summary of Maturities (Details) $ in Thousands	Mar. 31, 2017USD ($)
Available for sale, Amortized Cost
Within one year	$ 200
After one year, but within five	21,426
After five years, but within ten	16,822
After ten years	123,006
Total	161,454
Available for sale, Fair Value
Within one year	202
After one year, but within five	21,390
After five years, but within ten	16,638
After ten years	120,470
Total	158,700
Carrying value of investment securities pledged	$ 74,100

Investment Securities - Summa35

Investment Securities - Summary of Unrealized Loss Positions (Details)	3 Months Ended
	Mar. 31, 2017USD ($)security	Mar. 31, 2016USD ($)	Dec. 31, 2016USD ($)security
Investments in an unrealized loss position
Amount of pretax loss if securities in an unrealized loss position are sold	$ 3,200,000
Investments in an Unrealized Loss Position
Less than 12 months, fair value	107,427,000		$ 104,750,000
Less than 12 months, unrealized loss	(2,808,000)		(3,488,000)
12 months or more, fair value	19,340,000		13,919,000
12 months or more, unrealized loss	(375,000)		$ (322,000)
Available-for-sale Securities
Available-for-sale investments sold	22,945,000	$ 21,225,000
Gains on the sale of available-for-sale investments	549,000	381,000
Losses on the sale of available-for-sale investments	366,000	0
Held-to-maturity Securities
Sales of investment securities	$ 0	$ 0
U. S. Agency securities
Investments in an unrealized loss position
Number of investments in an unrealized loss position | security	31		16
Investments in an Unrealized Loss Position
Less than 12 months, fair value	$ 34,831,000		$ 28,814,000
Less than 12 months, unrealized loss	(349,000)		(425,000)
12 months or more, fair value	6,628,000		0
12 months or more, unrealized loss	$ (70,000)		$ 0
U.S. Sponsored Mortgage-backed securities
Investments in an unrealized loss position
Number of investments in an unrealized loss position | security	31		29
Investments in an Unrealized Loss Position
Less than 12 months, fair value	$ 35,851,000		$ 33,209,000
Less than 12 months, unrealized loss	(962,000)		(1,040,000)
12 months or more, fair value	12,712,000		13,919,000
12 months or more, unrealized loss	$ (305,000)		$ (322,000)
Municipal securities
Investments in an unrealized loss position
Number of investments in an unrealized loss position | security	68		86
Investments in an Unrealized Loss Position
Less than 12 months, fair value	$ 35,260,000		$ 42,727,000
Less than 12 months, unrealized loss	(1,482,000)		(2,023,000)
12 months or more, fair value	0		0
12 months or more, unrealized loss	$ 0		$ 0
Equity and other securities
Investments in an unrealized loss position
Number of investments in an unrealized loss position | security	1
Investments in an Unrealized Loss Position
Less than 12 months, fair value	$ 1,485,000
Less than 12 months, unrealized loss	(15,000)
12 months or more, fair value	0
12 months or more, unrealized loss	$ 0

Loans and Allowance for Loan 36

Loans and Allowance for Loan Losses - Narrative (Details)	1 Months Ended	3 Months Ended	12 Months Ended	39 Months Ended
	Dec. 31, 2013USD ($)	Mar. 31, 2017USD ($)propertycategorycomponentborrowerloanquartermethod	Dec. 31, 2016USD ($)	Mar. 31, 2017USD ($)propertycomponentloanmethod	Mar. 31, 2016USD ($)
Financing Receivable, Impaired [Line Items]
Net deferred fees		$ 914,000		$ 914,000	$ 987,000
Allowance for loan losses, number of evaluation components | component		2		2
Number of rolling quarters utilized in charge-off factor calculation | quarter		12
Liability for unfunded commitments		$ 284,000		$ 284,000	$ 224,000
Total valuation methods used on impaired loans | method		3		3
Impaired loans, identified during the period		$ 902,000
Impaired loans, principal curtailment		394,000
Impaired loans, partial charge-offs		$ 173,000
Number of points in internal risk rating system | category		9
Number of categories in internal risk rating system considered as not criticized | category		6
Commercial relationship credit review threshold amount		$ 1,000,000		$ 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
Specific reserve allocations for TDR's		$ 286,000	$ 348,000	286,000
Loans identified as impaired, remaining loans		$ 8,700,000	8,800,000	$ 8,700,000
Number of additional restructured loans | loan		2
Number of loans to defaulted borrowers | loan		0
Acquisition & Development
Financing Receivable, Impaired [Line Items]
Outstanding loans defaulted under the restructured terms | loan		3		3
Number of borrower defaulted | borrower		2
Commercial Real Estate
Financing Receivable, Impaired [Line Items]
Loans defaulted under the restructured terms		$ 214,000
Commercial
Financing Receivable, Impaired [Line Items]
Loans acquired, purchase price	$ 74,300,000
Premium on loans acquired ratio	1.024
Loans acquired, premium paid	$ 1,800,000
Loans acquired, outstanding balance		$ 20,300,000	20,500,000	$ 20,300,000
Loans acquired, outstanding balance, decrease				54,000,000
Loans acquired, refinanced				19,600,000
Loans acquired, sold in participation				10,500,000
Loans acquired, sold back to institution				9,700,000
Loans acquired, amortization				6,500,000
Loans acquired, principal paydowns				$ 7,700,000
Loans acquired, remaining portfolio, weighted average yield		5.57%		5.57%
Residential
Financing Receivable, Impaired [Line Items]
Concentration risk, percentage		66.00%
Number foreclosed properties held | property		3		3
Foreclosed properties held		$ 273,000		$ 273,000
Loans defaulted under the restructured terms		$ 339,000
Consumer
Financing Receivable, Impaired [Line Items]
Number of additional collateralized loans in the process of foreclosure | loan		4
Investment in loans in the process of foreclosure		$ 331,000		331,000
Investment in loans in the process of foreclosure, related allowance		12,000		12,000
Total Recorded Investment In Impaired Financing Receivables | Credit Concentration Risk
Financing Receivable, Impaired [Line Items]
Increase in impaired loans		$ 276,000
Concentration risk, percentage		2.30%
Borrower One | Acquisition & Development
Financing Receivable, Impaired [Line Items]
Loans defaulted under the restructured terms		$ 2,300,000	2,500,000
Accruing
Financing Receivable, Impaired [Line Items]
Loans identified as impaired, remaining loans		$ 5,900,000	$ 5,900,000	$ 5,900,000
Accruing | Troubled Debt Restructured Loans | Portfolio Risk
Financing Receivable, Impaired [Line Items]
Concentration risk, percentage		49.00%	48.00%

Loans and Allowance for Loan 37

Loans and Allowance for Loan Losses - Allowance (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016
Changes in the allowance for loan losses
Balance at beginning of period	$ 9,101	$ 8,006
Charge-offs	(290)	(191)
Recoveries	43	7
Provision	518	625
Balance at end of period	9,372	8,447
Individually evaluated for impairment	386	1,369
Collectively evaluated for impairment	8,986	7,078
Commercial
Changes in the allowance for loan losses
Balance at beginning of period	7,181	6,066
Charge-offs	(113)	(102)
Recoveries	9	0
Provision	208	257
Balance at end of period	7,285	6,221
Individually evaluated for impairment	279	946
Collectively evaluated for impairment	7,006	5,275
Residential
Changes in the allowance for loan losses
Balance at beginning of period	990	1,095
Charge-offs	(141)	(67)
Recoveries	32	0
Provision	204	129
Balance at end of period	1,085	1,157
Individually evaluated for impairment	46	212
Collectively evaluated for impairment	1,039	945
Home Equity
Changes in the allowance for loan losses
Balance at beginning of period	728	715
Charge-offs	(33)	0
Recoveries	1	0
Provision	94	32
Balance at end of period	790	747
Individually evaluated for impairment	36	0
Collectively evaluated for impairment	754	747
Consumer
Changes in the allowance for loan losses
Balance at beginning of period	202	130
Charge-offs	(3)	(22)
Recoveries	1	7
Provision	12	207
Balance at end of period	212	322
Individually evaluated for impairment	25	211
Collectively evaluated for impairment	$ 187	$ 111

Loans and Allowance for Loan 38

Loans and Allowance for Loan Losses - Primary Segments (Details) - USD ($) $ in Thousands	Mar. 31, 2017	Dec. 31, 2016	Mar. 31, 2016
Primary segments of the loan portfolio:
Individually evaluated for impairment	$ 12,428		$ 12,426
Collectively evaluated for impairment	1,064,354		1,063,180
Total Loans	1,076,782	$ 1,052,865	1,075,606
Commercial
Primary segments of the loan portfolio:
Individually evaluated for impairment	10,300		10,974
Collectively evaluated for impairment	742,960		742,824
Total Loans	753,260	757,516	753,798
Residential
Primary segments of the loan portfolio:
Individually evaluated for impairment	1,356		1,049
Collectively evaluated for impairment	243,235		235,594
Total Loans	244,591	215,452	236,643
Home Equity
Primary segments of the loan portfolio:
Individually evaluated for impairment	647		28
Collectively evaluated for impairment	64,523		68,290
Total Loans	65,170	65,386	68,318
Consumer
Primary segments of the loan portfolio:
Individually evaluated for impairment	125		375
Collectively evaluated for impairment	13,636		16,472
Total Loans	$ 13,761	$ 14,511	$ 16,847

Loans and Allowance for Loan 39

Loans and Allowance for Loan Losses - Impaired Loans (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016	Dec. 31, 2016
Impaired loans by class
Impaired loans with specific allowance, recorded investment	$ 5,841		$ 3,882
Impaired loans with specific allowance, related allowance	386		543
Impaired loans with no specific allowance, recorded investment	6,587		8,270
Total impaired loans, recorded investment	12,428		12,152
Total impaired loans, unpaid principal balance	15,767		15,423
Average recorded investment in impaired loans and related interest income recognized
Average Investment in Impaired Loans	12,139	$ 14,386
Interest Income Recognized on Accrual Basis	68	74
Interest Income Recognized on Cash Basis	59	57
Commercial
Impaired loans by class
Impaired loans with specific allowance, recorded investment	4,823		3,021
Impaired loans with specific allowance, related allowance	279		376
Impaired loans with no specific allowance, recorded investment	5,477		7,760
Total impaired loans, recorded investment	10,300		10,781
Total impaired loans, unpaid principal balance	13,356		13,837
Average recorded investment in impaired loans and related interest income recognized
Average Investment in Impaired Loans	9,927	13,101
Interest Income Recognized on Accrual Basis	66	69
Interest Income Recognized on Cash Basis	42	54
Commercial | Commercial Business
Impaired loans by class
Impaired loans with specific allowance, recorded investment	3,316		0
Impaired loans with specific allowance, related allowance	31		0
Impaired loans with no specific allowance, recorded investment	30		3,342
Total impaired loans, recorded investment	3,346		3,342
Total impaired loans, unpaid principal balance	4,106		4,102
Average recorded investment in impaired loans and related interest income recognized
Average Investment in Impaired Loans	3,349	3,838
Interest Income Recognized on Accrual Basis	39	39
Interest Income Recognized on Cash Basis	13	26
Commercial | Commercial Real Estate
Impaired loans by class
Impaired loans with specific allowance, recorded investment	1,244		2,757
Impaired loans with specific allowance, related allowance	173		302
Impaired loans with no specific allowance, recorded investment	1,946		892
Total impaired loans, recorded investment	3,190		3,649
Total impaired loans, unpaid principal balance	3,217		3,676
Average recorded investment in impaired loans and related interest income recognized
Average Investment in Impaired Loans	2,803	6,541
Interest Income Recognized on Accrual Basis	25	28
Interest Income Recognized on Cash Basis	26	25
Commercial | Acquisition & Development
Impaired loans by class
Impaired loans with specific allowance, recorded investment	263		264
Impaired loans with specific allowance, related allowance	75		74
Impaired loans with no specific allowance, recorded investment	3,501		3,526
Total impaired loans, recorded investment	3,764		3,790
Total impaired loans, unpaid principal balance	6,033		6,059
Average recorded investment in impaired loans and related interest income recognized
Average Investment in Impaired Loans	3,775	2,722
Interest Income Recognized on Accrual Basis	2	2
Interest Income Recognized on Cash Basis	3	3
Residential
Impaired loans by class
Impaired loans with specific allowance, recorded investment	385		783
Impaired loans with specific allowance, related allowance	46		122
Impaired loans with no specific allowance, recorded investment	971		378
Total impaired loans, recorded investment	1,356		1,161
Total impaired loans, unpaid principal balance	1,417		1,166
Average recorded investment in impaired loans and related interest income recognized
Average Investment in Impaired Loans	1,417	1,059
Interest Income Recognized on Accrual Basis	2	5
Interest Income Recognized on Cash Basis	17	3
Home Equity
Impaired loans by class
Impaired loans with specific allowance, recorded investment	577		62
Impaired loans with specific allowance, related allowance	36		36
Impaired loans with no specific allowance, recorded investment	70		70
Total impaired loans, recorded investment	647		132
Total impaired loans, unpaid principal balance	659		135
Average recorded investment in impaired loans and related interest income recognized
Average Investment in Impaired Loans	653	28
Interest Income Recognized on Accrual Basis	0	0
Interest Income Recognized on Cash Basis	0	0
Consumer
Impaired loans by class
Impaired loans with specific allowance, recorded investment	56		16
Impaired loans with specific allowance, related allowance	25		9
Impaired loans with no specific allowance, recorded investment	69		62
Total impaired loans, recorded investment	125		78
Total impaired loans, unpaid principal balance	335		$ 285
Average recorded investment in impaired loans and related interest income recognized
Average Investment in Impaired Loans	142	198
Interest Income Recognized on Accrual Basis	0	0
Interest Income Recognized on Cash Basis	$ 0	$ 0

Loans and Allowance for Loan 40

Loans and Allowance for Loan Losses - Internal Risk Rating Summary (Details) - USD ($) $ in Thousands	Mar. 31, 2017	Dec. 31, 2016	Mar. 31, 2016
Classes of the loan portfolio summarized by credit quality indicators:
Total loans	$ 1,076,782	$ 1,052,865	$ 1,075,606
Commercial
Classes of the loan portfolio summarized by credit quality indicators:
Total loans	753,260	757,516	753,798
Commercial | Commercial Business
Classes of the loan portfolio summarized by credit quality indicators:
Total loans	372,238	387,466
Commercial | Commercial Real Estate
Classes of the loan portfolio summarized by credit quality indicators:
Total loans	270,547	271,460
Commercial | Acquisition & Development
Classes of the loan portfolio summarized by credit quality indicators:
Total loans	110,475	98,590
Residential
Classes of the loan portfolio summarized by credit quality indicators:
Total loans	244,591	215,452	236,643
Home Equity
Classes of the loan portfolio summarized by credit quality indicators:
Total loans	65,170	65,386	68,318
Consumer
Classes of the loan portfolio summarized by credit quality indicators:
Total loans	13,761	14,511	$ 16,847
Pass
Classes of the loan portfolio summarized by credit quality indicators:
Total loans	1,023,532	1,001,066
Pass | Commercial
Classes of the loan portfolio summarized by credit quality indicators:
Total loans	704,563	709,357
Pass | Commercial | Commercial Business
Classes of the loan portfolio summarized by credit quality indicators:
Total loans	361,762	377,631
Pass | Commercial | Commercial Real Estate
Classes of the loan portfolio summarized by credit quality indicators:
Total loans	239,998	240,851
Pass | Commercial | Acquisition & Development
Classes of the loan portfolio summarized by credit quality indicators:
Total loans	102,803	90,875
Pass | Residential
Classes of the loan portfolio summarized by credit quality indicators:
Total loans	241,832	212,869
Pass | Home Equity
Classes of the loan portfolio summarized by credit quality indicators:
Total loans	63,813	64,706
Pass | Consumer
Classes of the loan portfolio summarized by credit quality indicators:
Total loans	13,324	14,134
Special Mention
Classes of the loan portfolio summarized by credit quality indicators:
Total loans	35,805	33,726
Special Mention | Commercial
Classes of the loan portfolio summarized by credit quality indicators:
Total loans	32,332	31,178
Special Mention | Commercial | Commercial Business
Classes of the loan portfolio summarized by credit quality indicators:
Total loans	3,658	2,933
Special Mention | Commercial | Commercial Real Estate
Classes of the loan portfolio summarized by credit quality indicators:
Total loans	26,786	26,340
Special Mention | Commercial | Acquisition & Development
Classes of the loan portfolio summarized by credit quality indicators:
Total loans	1,888	1,905
Special Mention | Residential
Classes of the loan portfolio summarized by credit quality indicators:
Total loans	1,909	1,664
Special Mention | Home Equity
Classes of the loan portfolio summarized by credit quality indicators:
Total loans	1,220	582
Special Mention | Consumer
Classes of the loan portfolio summarized by credit quality indicators:
Total loans	344	302
Substandard
Classes of the loan portfolio summarized by credit quality indicators:
Total loans	13,604	13,847
Substandard | Commercial
Classes of the loan portfolio summarized by credit quality indicators:
Total loans	12,866	12,949
Substandard | Commercial | Commercial Business
Classes of the loan portfolio summarized by credit quality indicators:
Total loans	6,774	6,833
Substandard | Commercial | Commercial Real Estate
Classes of the loan portfolio summarized by credit quality indicators:
Total loans	3,509	3,532
Substandard | Commercial | Acquisition & Development
Classes of the loan portfolio summarized by credit quality indicators:
Total loans	2,583	2,584
Substandard | Residential
Classes of the loan portfolio summarized by credit quality indicators:
Total loans	570	787
Substandard | Home Equity
Classes of the loan portfolio summarized by credit quality indicators:
Total loans	137	98
Substandard | Consumer
Classes of the loan portfolio summarized by credit quality indicators:
Total loans	31	13
Doubtful
Classes of the loan portfolio summarized by credit quality indicators:
Total loans	3,841	4,226
Doubtful | Commercial
Classes of the loan portfolio summarized by credit quality indicators:
Total loans	3,499	4,032
Doubtful | Commercial | Commercial Business
Classes of the loan portfolio summarized by credit quality indicators:
Total loans	44	69
Doubtful | Commercial | Commercial Real Estate
Classes of the loan portfolio summarized by credit quality indicators:
Total loans	254	737
Doubtful | Commercial | Acquisition & Development
Classes of the loan portfolio summarized by credit quality indicators:
Total loans	3,201	3,226
Doubtful | Residential
Classes of the loan portfolio summarized by credit quality indicators:
Total loans	280	132
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	$ 62

Loans and Allowance for Loan 41

Loans and Allowance for Loan Losses - Aging (Details) - USD ($) $ in Thousands	Mar. 31, 2017	Dec. 31, 2016	Mar. 31, 2016
Aging categories of performing loans and nonaccrual loans
Current	$ 1,069,271	$ 1,045,208
Total Past Due	7,511	7,657
Total Loans	1,076,782	1,052,865	$ 1,075,606
Non-Accrual	6,519	6,229
90 Plus Days Still Accruing	0	0
Commercial
Aging categories of performing loans and nonaccrual loans
Current	747,745	753,561
Total Past Due	5,515	3,955
Total Loans	753,260	757,516	753,798
Non-Accrual	4,508	4,975
90 Plus Days Still Accruing	0	0
Commercial | Commercial Business
Aging categories of performing loans and nonaccrual loans
Current	370,415	387,208
Total Past Due	1,823	258
Total Loans	372,238	387,466
Non-Accrual	74	74
90 Plus Days Still Accruing	0	0
Commercial | Commercial Real Estate
Aging categories of performing loans and nonaccrual loans
Current	269,606	270,339
Total Past Due	941	1,121
Total Loans	270,547	271,460
Non-Accrual	932	1,375
90 Plus Days Still Accruing	0	0
Commercial | Acquisition & Development
Aging categories of performing loans and nonaccrual loans
Current	107,724	96,014
Total Past Due	2,751	2,576
Total Loans	110,475	98,590
Non-Accrual	3,502	3,526
90 Plus Days Still Accruing	0	0
Residential
Aging categories of performing loans and nonaccrual loans
Current	242,976	212,502
Total Past Due	1,615	2,950
Total Loans	244,591	215,452	236,643
Non-Accrual	1,269	1,072
90 Plus Days Still Accruing	0	0
Home Equity
Aging categories of performing loans and nonaccrual loans
Current	65,100	64,791
Total Past Due	70	595
Total Loans	65,170	65,386	68,318
Non-Accrual	620	104
90 Plus Days Still Accruing	0	0
Consumer
Aging categories of performing loans and nonaccrual loans
Current	13,450	14,354
Total Past Due	311	157
Total Loans	13,761	14,511	$ 16,847
Non-Accrual	122	78
90 Plus Days Still Accruing	0	0
Financing Receivables, 30 to 59 Days Past Due
Aging categories of performing loans and nonaccrual loans
Total Past Due	2,683	2,891
Financing Receivables, 30 to 59 Days Past Due | Commercial
Aging categories of performing loans and nonaccrual loans
Total Past Due	1,510	244
Financing Receivables, 30 to 59 Days Past Due | Commercial | Commercial Business
Aging categories of performing loans and nonaccrual loans
Total Past Due	1,326	15
Financing Receivables, 30 to 59 Days Past Due | Commercial | Commercial Real Estate
Aging categories of performing loans and nonaccrual loans
Total Past Due	9	229
Financing Receivables, 30 to 59 Days Past Due | Commercial | Acquisition & Development
Aging categories of performing loans and nonaccrual loans
Total Past Due	175	0
Financing Receivables, 30 to 59 Days Past Due | Residential
Aging categories of performing loans and nonaccrual loans
Total Past Due	944	2,067
Financing Receivables, 30 to 59 Days Past Due | Home Equity
Aging categories of performing loans and nonaccrual loans
Total Past Due	0	525
Financing Receivables, 30 to 59 Days Past Due | Consumer
Aging categories of performing loans and nonaccrual loans
Total Past Due	229	55
Financing Receivables, 60 to 89 Days Past Due
Aging categories of performing loans and nonaccrual loans
Total Past Due	508	622
Financing Receivables, 60 to 89 Days Past Due | Commercial
Aging categories of performing loans and nonaccrual loans
Total Past Due	423	169
Financing Receivables, 60 to 89 Days Past Due | Commercial | Commercial Business
Aging categories of performing loans and nonaccrual loans
Total Past Due	423	169
Financing Receivables, 60 to 89 Days Past Due | Commercial | Commercial Real Estate
Aging categories of performing loans and nonaccrual loans
Total Past Due	0	0
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	72	419
Financing Receivables, 60 to 89 Days Past Due | Home Equity
Aging categories of performing loans and nonaccrual loans
Total Past Due	0	0
Financing Receivables, 60 to 89 Days Past Due | Consumer
Aging categories of performing loans and nonaccrual loans
Total Past Due	13	34
Financing Receivables, Equal to Greater than 90 Days Past Due
Aging categories of performing loans and nonaccrual loans
Total Past Due	4,320	4,144
Financing Receivables, Equal to Greater than 90 Days Past Due | Commercial
Aging categories of performing loans and nonaccrual loans
Total Past Due	3,582	3,542
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	74
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	932	892
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	2,576
Financing Receivables, Equal to Greater than 90 Days Past Due | Residential
Aging categories of performing loans and nonaccrual loans
Total Past Due	599	464
Financing Receivables, Equal to Greater than 90 Days Past Due | Home Equity
Aging categories of performing loans and nonaccrual loans
Total Past Due	70	70
Financing Receivables, Equal to Greater than 90 Days Past Due | Consumer
Aging categories of performing loans and nonaccrual loans
Total Past Due	$ 69	$ 68

Borrowed Funds - Short-term Bor

Borrowed Funds - Short-term Borrowings and Repurchase Agreements (Details) - USD ($) $ in Thousands	3 Months Ended	12 Months Ended
	Mar. 31, 2017	Dec. 31, 2016
Short-term Borrowings from FHLB
Short-term Borrowings and Repurchase Agreements
Balance at end of period	$ 87,448	$ 87,733
Average balance during the period	99,854	137,822
Maximum month-end balance	$ 130,149	$ 210,600
Weighted-average rate during the year	0.85%	0.51%
Weighted-average rate at end of period	0.99%	0.74%
Investment Securities
Short-term Borrowings and Repurchase Agreements
Investment securities held as collateral	$ 22,400	$ 26,000
Repurchase Agreements
Short-term Borrowings and Repurchase Agreements
Balance at end of period	21,695	25,160
Average balance during the period	23,113	27,066
Maximum month-end balance	$ 24,126	$ 29,561
Weighted-average rate during the year	0.29%	0.27%
Weighted-average rate at end of period	0.32%	0.28%

Borrowed Funds - Term Notes fro

Borrowed Funds - Term Notes from the FHLB (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2017	Dec. 31, 2016
Borrowed funds
Long-term notes from the FHLB	$ 3,163	$ 3,188
Fixed interest rate notes, originating between April 2002 and December 2007, due between May 2017 and April 2022, interest of between 4.50% and 5.90% payable monthly
Borrowed funds
Long-term notes from the FHLB	$ 2,371	2,390
Fixed interest rate notes, originating between April 2002 and December 2007, due between May 2017 and April 2022, interest of between 4.50% and 5.90% payable monthly | Minimum
Borrowed funds
Interest rate on debt security	4.50%
Fixed interest rate notes, originating between April 2002 and December 2007, due between May 2017 and April 2022, interest of between 4.50% and 5.90% payable monthly | Maximum
Borrowed funds
Interest rate on debt security	5.90%
Amortizing fixed interest rate note, originating February 2007, due February 2022, payable in monthly installments of $5 thousand, including interest of 5.22%
Borrowed funds
Long-term notes from the FHLB	$ 792	$ 798
Interest rate on debt security	5.22%
Monthly installments	$ 5

Borrowed Funds - Subordinated D

Borrowed Funds - Subordinated Debt (Details) - USD ($)	Jun. 30, 2014	Mar. 31, 2007	Mar. 31, 2017	Mar. 31, 2016	Dec. 31, 2016
Subordinated Debt
Balance at end of period			$ 33,524,000		$ 33,524,000
Interest expense on borrowed funds			551,000	$ 552,000
Subordinated Debt
Subordinated Debt
Balance at end of period			33,524,000		33,524,000
Average balance during the period			33,524,000		33,524,000
Maximum month-end balance			$ 33,524,000		$ 33,524,000
Weighted-average rate during the year			6.57%		6.64%
Weighted-average rate at end of period			6.64%		6.63%
Interest expense on borrowed funds			$ 600,000	$ 600,000
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, increment amounts	100,000
Debt instrument, minimum investment amount	$ 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	Mar. 31, 2017USD ($)
Maturities of Borrowings and Subordinated Debt
2,018	$ 88,056
2,019	81
2,020	86
2,021	90
2,022	879
Thereafter	34,943
Total	$ 124,135

Fair Value of Financial Instr46

Fair Value of Financial Instruments - Assets and Liabilities Measured at Fair Value on Recurring Basis (Details) - USD ($) $ in Thousands	Mar. 31, 2017	Dec. 31, 2016
Fair value of assets and liabilities
Securities available-for-sale	$ 172,754	$ 162,368
U.S. Government Agency securities
Fair value of assets and liabilities
Securities available-for-sale	48,461	28,816
U.S. Sponsored Mortgage-backed securities
Fair value of assets and liabilities
Securities available-for-sale	58,116	54,732
Equity and other securities
Fair value of assets and liabilities
Securities available-for-sale	14,054	8,024
Recurring
Fair value of assets and liabilities
Loans held for sale	71,921	90,174
Recurring | Level II
Fair value of assets and liabilities
Loans held for sale	71,921	90,174
Recurring | Interest rate lock commitment
Fair value of assets and liabilities
Derivative asset	2,855	1,546
Recurring | Interest rate lock commitment | Level III
Fair value of assets and liabilities
Derivative asset	2,855	1,546
Recurring | Mortgage-backed security hedges
Fair value of assets and liabilities
Derivative asset		372
Derivative liability	747
Recurring | Mortgage-backed security hedges | Level II
Fair value of assets and liabilities
Derivative asset		372
Derivative liability	747
Recurring | Interest rate swap
Fair value of assets and liabilities
Derivative asset	179	250
Derivative liability	179	250
Recurring | Interest rate swap | Level II
Fair value of assets and liabilities
Derivative asset	179	250
Derivative liability	179	250
Recurring | Interest rate cap
Fair value of assets and liabilities
Derivative asset	156	268
Recurring | Interest rate cap | Level II
Fair value of assets and liabilities
Derivative asset	156	268
Recurring | U.S. Government Agency securities
Fair value of assets and liabilities
Securities available-for-sale	48,461	28,816
Recurring | U.S. Government Agency securities | Level II
Fair value of assets and liabilities
Securities available-for-sale	48,461	28,816
Recurring | U.S. Sponsored Mortgage-backed securities
Fair value of assets and liabilities
Securities available-for-sale	58,116	54,732
Recurring | U.S. Sponsored Mortgage-backed securities | Level II
Fair value of assets and liabilities
Securities available-for-sale	58,116	54,732
Recurring | Municipal securities
Fair value of assets and liabilities
Securities available-for-sale	52,123	70,796
Recurring | Municipal securities | Level II
Fair value of assets and liabilities
Securities available-for-sale	52,123	70,796
Recurring | Equity and other securities
Fair value of assets and liabilities
Securities available-for-sale	14,054	8,024
Recurring | Equity and other securities | Level I
Fair value of assets and liabilities
Securities available-for-sale	918	897
Recurring | Equity and other securities | Level II
Fair value of assets and liabilities
Securities available-for-sale	$ 13,136	$ 7,127

Fair Value of Financial Instr47

Fair Value of Financial Instruments - Recurring Level III Assets (Details) - Interest rate lock commitment - Level III - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Balance, beginning of period	$ 1,546	$ 1,583
Realized and unrealized gains included in earnings	1,309	1,186
Balance, end of period	$ 2,855	$ 2,769

Fair Value of Financial Instr48

Fair Value of Financial Instruments - Assets Measured at Fair Value on Nonrecurring Basis (Details) - Non-recurring - USD ($) $ in Thousands	Mar. 31, 2017	Dec. 31, 2016
Impaired loans
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets, fair value	$ 12,042	$ 11,609
Impaired loans | Level III
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets, fair value	12,042	11,609
Other real estate owned
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets, fair value	414	414
Other real estate owned | Level III
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets, fair value	$ 414	$ 414

Fair Value of Financial Instr49

Fair Value of Financial Instruments - Quantitative Information About Level III Significant Unobservable Inputs (Details) - USD ($) $ in Thousands	Mar. 31, 2017	Dec. 31, 2016
Non-recurring | Impaired loans
Quantitative Information about Level III Fair Value Measurements
Fair value	$ 12,042	$ 11,609
Non-recurring | Impaired loans | Level III
Quantitative Information about Level III Fair Value Measurements
Fair value	$ 12,042	$ 11,609
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	$ 414
Non-recurring | Other real estate owned | Level III
Quantitative Information about Level III Fair Value Measurements
Fair value	$ 414	$ 414
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	$ 2,855	$ 1,546
Recurring | Interest rate lock commitment | Pricing model | Level III | Minimum
Unobservable Input
Pull through rates	73.00%	73.00%
Recurring | Interest rate lock commitment | Pricing model | Level III | Maximum
Unobservable Input
Pull through rates	80.00%	85.00%

Fair Value of Financial Instr50

Fair Value of Financial Instruments - Carrying Values and Estimated Fair Values (Details) - USD ($) $ in Thousands	Mar. 31, 2017	Dec. 31, 2016	Mar. 31, 2016	Dec. 31, 2015
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Cash and cash equivalents	$ 18,278	$ 17,340	$ 28,726	$ 29,133
Certificates of deposit with other banks	14,527	14,527
Securities available-for-sale	172,754	162,368
FHLB and other borrowings	90,611	90,921
Carrying Value
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Cash and cash equivalents	18,278	17,340
Certificates of deposit with other banks	14,527	14,527
Securities available-for-sale	172,754	162,368
Loans held for sale	71,921	90,174
Loans, net	1,067,410	1,043,764
Mortgage servicing rights	188	190
Accrued interest receivable	4,186	3,951
Deposits	1,136,466	1,107,017
Repurchase agreements	21,695	25,160
Accrued interest payable	560	741
Subordinated debt	33,524	33,524
Estimated Fair Value
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Cash and cash equivalents	18,278	17,340
Certificates of deposit with other banks	14,425	14,985
Securities available-for-sale	172,754	162,368
Loans held for sale	71,921	90,174
Loans, net	1,063,540	1,035,437
Mortgage servicing rights	188	190
Accrued interest receivable	4,186	3,951
Deposits	1,092,959	1,116,174
Repurchase agreements	21,695	25,160
Accrued interest payable	560	741
Subordinated debt	32,275	32,275
Quoted Prices in Active Markets for Identical Assets (Level I) | Estimated Fair Value
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Cash and cash equivalents	18,278	17,340
Securities available-for-sale	918	897
Significant Other Observable Inputs (Level II) | Estimated Fair Value
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Certificates of deposit with other banks	14,425	14,985
Securities available-for-sale	171,836	161,471
Loans held for sale	71,921	90,174
Accrued interest receivable	1,145	1,002
Deposits	1,092,959	1,116,174
Repurchase agreements	21,695	25,160
Accrued interest payable	560	741
Subordinated debt	32,275	32,275
Significant Unobservable Inputs (Level III) | Estimated Fair Value
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Securities available-for-sale	0	0
Loans, net	1,063,540	1,035,437
Mortgage servicing rights	188	190
Accrued interest receivable	3,041	2,949
Interest rate lock commitment | Carrying Value
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Derivative asset	2,855	1,546
Interest rate lock commitment | Estimated Fair Value
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Derivative asset	2,855	1,546
Interest rate lock commitment | Significant Unobservable Inputs (Level III) | Estimated Fair Value
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Derivative asset	2,855	1,546
Forward contracts | Carrying Value
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
FHLB and other borrowings	90,611	90,921
Forward contracts | Estimated Fair Value
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
FHLB and other borrowings	90,643	90,919
Forward contracts | Significant Other Observable Inputs (Level II) | Estimated Fair Value
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
FHLB and other borrowings	90,643	90,919
Mortgage-backed security hedges | Carrying Value
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Derivative asset		372
Derivative liability	747
Mortgage-backed security hedges | Estimated Fair Value
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Derivative asset		372
Derivative liability	747
Mortgage-backed security hedges | Significant Other Observable Inputs (Level II) | Estimated Fair Value
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Derivative asset		372
Derivative liability	747
Interest rate swap | Carrying Value
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Derivative asset	179	250
Derivative liability	179	250
Interest rate swap | Estimated Fair Value
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Derivative asset	179	250
Derivative liability	179	250
Interest rate swap | Significant Other Observable Inputs (Level II) | Estimated Fair Value
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Derivative asset	179	250
Derivative liability	179	250
Interest rate cap | Carrying Value
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Derivative asset	156	268
Interest rate cap | Estimated Fair Value
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Derivative asset	156	268
Interest rate cap | Significant Other Observable Inputs (Level II) | Estimated Fair Value
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Derivative asset	$ 156	$ 268

Stock Offerings (Details)

Stock Offerings (Details) - USD ($)	Jan. 05, 2017	Dec. 06, 2016	Mar. 09, 2016	Jun. 30, 2014	Sep. 08, 2011	Mar. 31, 2017	Mar. 08, 2016	Dec. 31, 2016
Stock offering
Common stock, par value (in dollars per share)						$ 1		$ 1
Number of designated preferred shares (in shares)						783		9,283
Preferred stock, par value (in dollars per share)						$ 1,000		$ 1,000
Aggregate redemption price						$ 8,500,000
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			9.00%		1.00%		1.00%
SBLF capital received					$ 8,500,000
Preferred stock, par value (in dollars per share)					$ 1,000
Stock redeemed (in shares)	8,500
Liquidation amount per share (in dollars per share)	$ 1,000
Aggregate redemption price	$ 8,508,500
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		$ 22,000,000
Proceeds from stock offering, net of issuance costs		$ 20,500,000

Net Income Per Common Share (De

Net Income Per Common Share (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016
Numerator for basic earnings per share:
Net income from continuing operations	$ 1,574	$ 1,845
Less: Dividends on preferred stock	129	186
Net income from continuing operations available to common shareholders - basic	1,445	1,659
Net income from discontinued operations available to common shareholders - basic and diluted	0	(49)
Net income available to common shareholders	1,445	1,610
Numerator for diluted earnings per share:
Net income from continuing operations available to common shareholders - basic	1,445	1,659
Add: Interest on subordinated debt (tax effected)	0	342
Net income available to common shareholders from continuing operations - diluted	$ 1,445	$ 2,001
Denominator:
Total average shares outstanding (in shares)	9,996,544	8,061,998
Effect of dilutive convertible subordinated debt (in shares)	0	1,837,500
Effect of dilutive stock options (in shares)	12,797	1,752
Total diluted average shares outstanding (in shares)	10,009,341	9,901,250
Earnings per share from continuing operations - basic (in dollars per share)	$ 0.14	$ 0.21
Earnings per share from discontinued operations - basic (in dollars per share)	0	(0.01)
Earnings per common shareholder - basic (in dollars per share)	0.14	0.20
Earnings per share from continuing operations - diluted (in dollars per share)	0.14	0.20
Earnings per share from discontinued operations - diluted (in dollars per share)	0	0
Earnings per common shareholder - diluted (in dollars per share)	$ 0.14	$ 0.20

Segment Reporting - Narrative (

Segment Reporting - Narrative (Details) $ in Thousands	Jun. 30, 2016USD ($)	Mar. 31, 2017USD ($)segment	Mar. 31, 2016USD ($)
Segment Reporting Information [Line Items]
Number of reportable segments | segment		3
Net income (loss)		$ 1,574	$ 1,796
Operating Segments
Segment Reporting Information [Line Items]
Increase (decrease) in interest and fees on loans, recovery of non-accrual interest		(662)
Operating Segments | Commercial & Retail Banking
Segment Reporting Information [Line Items]
Net income (loss)		2,487	2,459
Increase (decrease) in net interest income		(229)
Increase (decrease) in loan interest and fee income		(385)
Increase (decrease) in FHLB and other borrowings interest income		65
Increase (decrease) in taxable investment securities interest		236
Increase (decrease) in noninterest income		159
Increase (decrease) in derivative performance		161
Increase (decrease) in mortgage fee income		206
Increase (decrease) in gain on sale of securities		(127)
Increase (decrease) in gain on sale of portfolio loans		(140)
Increase (decrease) in noninterest expense		3
Increase (decrease) in occupancy and equipment expense		120
Increase (decrease) in data processing expense		136
Increase (decrease) in salaries and emplyee benefits expense		(174)
Increase (decrease) in professional fees		(55)
Increase (decrease) in provision expense		(125)
Operating Segments | Mortgage Banking
Segment Reporting Information [Line Items]
Net income (loss)		116	396
Increase (decrease) in net interest income		(45)
Increase (decrease) in noninterest income		19
Increase (decrease) in derivative performance		(2,500)
Increase (decrease) in mortgage fee income		2,500
Increase (decrease) in noninterest expense		398
Increase (decrease) in occupancy and equipment expense		22
Increase (decrease) in data processing expense		(22)
Increase (decrease) in salaries and emplyee benefits expense		$ 244
Increase (decrease) in origination volume		4.10%
Increase (decrease) in earn out payments		$ (192)
Increase (decrease) in mortgage processing expense		33
Increase (decrease) in travel, entertainment, dues, and subscriptions expense		49
Increase (decrease) in other operating expense		61
Operating Segments | Financial Holding Company
Segment Reporting Information [Line Items]
Net income (loss)		(1,029)	(953)
Increase (decrease) in net interest income		(1)
Increase (decrease) in noninterest income		(403)
Increase (decrease) in noninterest expense		(305)
Increase (decrease) in occupancy and equipment expense		47
Increase (decrease) in salaries and emplyee benefits expense		(416)
Increase (decrease) in other operating expense		54
Increase (decrease) in other operating income		(333)
Increase (decrease) in income tax expense		21
Increase (decrease) in professional fees		18
Increase (decrease) in marketing expense		$ 6
Operating Segments | Insurance
Segment Reporting Information [Line Items]
Net income (loss)			$ (106)
USI Insurance Services | Discontinued Operations, Disposed of by Sale
Segment Reporting Information [Line Items]
Gain on sale of subsidiary	$ 6,900

Segment Reporting (Details)

Segment Reporting (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016	Dec. 31, 2016	Dec. 31, 2015
Revenues:
Interest income	$ 13,068	$ 13,382
Mortgage fee income	9,634	6,785
Insurance and investment services income	124	53
Other income	(934)	1,774
Total operating income	21,892	21,994
Expenses:
Interest expense	2,762	2,687
Salary and employee benefits	9,962	10,308
Provision for loan losses	518	625
Other expense	6,355	5,683
Total operating expenses	19,597	19,303
Income from continuing operations, before income taxes	2,295	2,691
Income tax (benefit) - continuing operations	721	846
Net income from continuing operations	1,574	1,845
Loss from discontinued operations, before income taxes	0	(79)
Income tax benefit - discontinued operations	0	(30)
Net loss from discontinued operations	0	(49)
Net income	1,574	1,796
Preferred dividends	129	186
Net income available to common shareholders	1,445	1,610
Capital expenditures	1,588	652
Total assets	1,433,951	1,432,640	$ 1,418,804	$ 1,384,476
Goodwill	18,480	18,480	18,480	18,480
Operating Segments | Commercial & Retail Banking
Revenues:
Interest income	12,312	12,462
Mortgage fee income	185	(22)
Insurance and investment services income	124	53
Other income	953	1,072
Total operating income	13,574	13,565
Expenses:
Interest expense	2,119	2,040
Salary and employee benefits	2,657	2,831
Provision for loan losses	500	625
Other expense	4,650	4,473
Total operating expenses	9,926	9,969
Income from continuing operations, before income taxes	3,648	3,596
Income tax (benefit) - continuing operations	1,161	1,137
Net income from continuing operations	2,487	2,459
Loss from discontinued operations, before income taxes		0
Income tax benefit - discontinued operations		0
Net loss from discontinued operations		0
Net income	2,487	2,459
Preferred dividends	0	0
Net income available to common shareholders	2,487	2,459
Capital expenditures	867	549
Total assets	1,430,792	1,433,380	1,415,735	1,378,988
Goodwill	1,598	1,598	1,598	1,598
Operating Segments | Mortgage Banking
Revenues:
Interest income	781	941
Mortgage fee income	9,637	7,108
Insurance and investment services income	0	0
Other income	(1,831)	679
Total operating income	8,587	8,728
Expenses:
Interest expense	304	419
Salary and employee benefits	5,955	5,711
Provision for loan losses	18	0
Other expense	2,098	1,944
Total operating expenses	8,375	8,074
Income from continuing operations, before income taxes	212	654
Income tax (benefit) - continuing operations	96	258
Net income from continuing operations	116	396
Loss from discontinued operations, before income taxes		0
Income tax benefit - discontinued operations		0
Net loss from discontinued operations		0
Net income	116	396
Preferred dividends	0	0
Net income available to common shareholders	116	396
Capital expenditures	692	41
Total assets	103,621	126,854	122,242	125,227
Goodwill	16,882	16,882	16,882	16,882
Operating Segments | Financial Holding Company
Revenues:
Interest income	1	1
Mortgage fee income	0	0
Insurance and investment services income	0	0
Other income	1,210	1,613
Total operating income	1,211	1,614
Expenses:
Interest expense	551	552
Salary and employee benefits	1,350	1,766
Provision for loan losses	0	0
Other expense	875	764
Total operating expenses	2,776	3,082
Income from continuing operations, before income taxes	(1,565)	(1,468)
Income tax (benefit) - continuing operations	(536)	(515)
Net income from continuing operations	(1,029)	(953)
Loss from discontinued operations, before income taxes		0
Income tax benefit - discontinued operations		0
Net loss from discontinued operations		0
Net income	(1,029)	(953)
Preferred dividends	129	186
Net income available to common shareholders	(1,158)	(1,139)
Capital expenditures	29	62
Total assets	168,325	146,896	180,340	151,441
Goodwill	0	0	0	0
Operating Segments | Insurance
Revenues:
Interest income		0
Mortgage fee income		0
Insurance and investment services income		0
Other income		0
Total operating income		0
Expenses:
Interest expense		0
Salary and employee benefits		0
Provision for loan losses		0
Other expense		0
Total operating expenses		0
Income from continuing operations, before income taxes		0
Income tax (benefit) - continuing operations		0
Net income from continuing operations		0
Loss from discontinued operations, before income taxes		(170)
Income tax benefit - discontinued operations		(64)
Net loss from discontinued operations		(106)
Net income		(106)
Preferred dividends		0
Net income available to common shareholders		(106)
Capital expenditures		0
Total assets		2,366		5,017
Goodwill		0		0
Intercompany Eliminations
Revenues:
Interest income	(26)	(22)
Mortgage fee income	(188)	(301)
Insurance and investment services income	0	0
Other income	(1,266)	(1,590)
Total operating income	(1,480)	(1,913)
Expenses:
Interest expense	(212)	(324)
Salary and employee benefits	0	0
Provision for loan losses	0	0
Other expense	(1,268)	(1,498)
Total operating expenses	(1,480)	(1,822)
Income from continuing operations, before income taxes	0	(91)
Income tax (benefit) - continuing operations	0	(34)
Net income from continuing operations	0	(57)
Loss from discontinued operations, before income taxes		91
Income tax benefit - discontinued operations		34
Net loss from discontinued operations		57
Net income	0	0
Preferred dividends	0	0
Net income available to common shareholders	0	0
Capital expenditures	0	0
Total assets	(268,787)	(276,856)	(299,513)	(276,197)
Goodwill	$ 0	$ 0	$ 0	$ 0

Pension Plan - Defined Benefit

Pension Plan - Defined Benefit Plan Activity (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016	May 31, 2014
Weighted average assumptions used to determine the benefit obligation
Discount rate used to re-measure pension obligation			4.46%
Components of net periodic pension cost
Service cost	$ 0	$ 0
Interest cost	90	92
Expected return on plan assets	(86)	(83)
Amortization of net actuarial loss	60	59
Amortization of prior service costs	0	0
Net periodic pension cost	64	68
Contributions Paid	$ 58	$ 40

Comprehensive Income - Reclassi

Comprehensive Income - Reclassifications (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016
Comprehensive Income
Gain on sale of securities	$ 183	$ 381
Salaries and benefits	(9,962)	(10,308)
Income from continuing operations, before income taxes	2,295	2,691
Income tax expense	(721)	(846)
Net income	1,574	1,796
Amount reclassified from AOCI
Comprehensive Income
Net income	74	194
Available-for-sale securities | Amount reclassified from AOCI
Comprehensive Income
Gain on sale of securities	183	381
Income from continuing operations, before income taxes	183	381
Income tax expense	(73)	(152)
Net income	110	229
Defined benefit pension plan items | Amount reclassified from AOCI
Comprehensive Income
Salaries and benefits	(60)	(59)
Income from continuing operations, before income taxes	(60)	(59)
Income tax expense	24	24
Net income	$ (36)	$ (35)

Comprehensive Income - Componen

Comprehensive Income - Components of AOCI (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016
Accumulated Other Comprehensive Income (AOCI)
Beginning balance	$ 145,625	$ 114,712
Other comprehensive loss before reclassification	331	1,001
Amounts reclassified from AOCI	(74)	(194)
Total other comprehensive income	257	807
Ending balance	138,725	117,065
Unrealized gains (losses) on available for-sale securities
Accumulated Other Comprehensive Income (AOCI)
Beginning balance	(1,598)	(363)
Other comprehensive loss before reclassification	269	1,346
Amounts reclassified from AOCI	(110)	(229)
Total other comprehensive income	159	1,117
Ending balance	(1,439)	754
Defined benefit pension plan items
Accumulated Other Comprehensive Income (AOCI)
Beginning balance	(2,679)	(2,570)
Other comprehensive loss before reclassification	62	(345)
Amounts reclassified from AOCI	36	35
Total other comprehensive income	98	(310)
Ending balance	(2,581)	(2,880)
AOCI attributable to parent
Accumulated Other Comprehensive Income (AOCI)
Beginning balance	(4,277)	(2,933)
Total other comprehensive income	257	807
Ending balance	$ (4,020)	$ (2,126)

Discontinued Operations - Narra

Discontinued Operations - Narrative (Details) - USI Insurance Services - Discontinued Operations, Disposed of by Sale - USD ($)	Jun. 30, 2016	Mar. 31, 2017	Dec. 31, 2016
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Gain on sale of subsidiary	$ 6,900,000
Liabilities related to discontinued operations	424,000	$ 0	$ 0
Proceeds from sale	$ 7,000,000
Assets related to discontinued operations		$ 0	$ 0

Discontinued Operations - Net L

Discontinued Operations - Net Losses From Discontinued Operations (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016
NONINTEREST EXPENSES
Loss from discontinued operations, before income taxes	$ 0	$ (79)
Income tax benefit - discontinued operations	0	(30)
Net loss from discontinued operations	0	(49)
USI Insurance Services | Discontinued Operations, Disposed of by Sale
NONINTEREST INCOME
Insurance and investment services income	0	1,064
Total noninterest income	0	1,064
NONINTEREST EXPENSES
Salary and employee benefits	0	952
Occupancy expense	0	72
Equipment depreciation and maintenance	0	14
Data processing and communications	0	40
Marketing, contributions and sponsorships	0	2
Professional fees	0	1
Printing, postage and supplies	0	7
Insurance, tax and assessment expense	0	27
Travel, entertainment, dues and subscriptions	0	27
Other operating expenses	0	1
Total noninterest expense	0	1,143
Loss from discontinued operations, before income taxes	0	(79)
Income tax benefit - discontinued operations	0	(30)
Net loss from discontinued operations	$ 0	$ (49)

Rights Offering (Details)

Rights Offering (Details) - USD ($) $ in Millions	Apr. 20, 2017	Mar. 13, 2017	Mar. 10, 2017
Rights Offering
Class of Warrant or Right [Line Items]
Number of shares into which rights may be converted (in shares)			434,783
Maximum | Chief Executive Officer | Investment Agreement
Class of Warrant or Right [Line Items]
Number of shares into which rights may be converted (in shares)		100,000
Subsequent Event | Rights Offering
Class of Warrant or Right [Line Items]
Stock issued (in shares)	434,783
Proceeds from issuance of common stock	$ 5
Subsequent Event | Chief Executive Officer
Class of Warrant or Right [Line Items]
Stock issued (in shares)	100,000
Subsequent Event | Chief Executive Officer | Investment Agreement
Class of Warrant or Right [Line Items]
Stock issued (in shares)	9,001
Subsequent Event | Chief Executive Officer | Rights Offering
Class of Warrant or Right [Line Items]
Stock issued (in shares)	90,999