MVB Financial (MVBF) 10-Q 2 Nov 17 2017 Q3 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	9 Months Ended
	Sep. 30, 2017	Nov. 01, 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	Sep. 30, 2017
Document Fiscal Year Focus	2,017
Document Fiscal Period Focus	Q3
Amendment Flag	false
Entity Common Stock, Shares Outstanding		10,444,267

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($) $ in Thousands	Sep. 30, 2017	Dec. 31, 2016
Cash and cash equivalents:
Cash and due from banks	$ 17,201	$ 14,846
Interest bearing balances with banks	3,071	2,494
Total cash and cash equivalents	20,272	17,340
Certificates of deposit with other banks	14,778	14,527
Investment Securities available-for-sale	187,348	162,368
Loans held for sale	69,057	90,174
Loans:	1,094,467	1,052,865
Less: Allowance for loan losses	(9,396)	(9,101)
Net Loans	1,085,071	1,043,764
Premises and equipment	27,189	25,081
Bank owned life insurance	23,473	22,970
Accrued interest receivable and other assets	25,922	24,100
Goodwill	18,480	18,480
TOTAL ASSETS	1,471,590	1,418,804
Deposits:
Noninterest bearing	121,541	115,692
Interest bearing	1,043,658	991,325
Total deposits	1,165,199	1,107,017
Accrued interest payable and other liabilities	14,442	16,557
Repurchase agreements	25,045	25,160
FHLB and other borrowings	84,403	90,921
Subordinated debt	33,524	33,524
Total liabilities	1,322,613	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; 10,495,704 shares issued and 10,444,627 shares outstanding in 2017; 10,047,621 shares issued and 9,996,544 shares outstanding in 2016	10,496	10,048
Additional paid-in capital	98,391	93,412
Retained earnings	36,197	31,192
Accumulated other comprehensive loss	(2,857)	(4,277)
Treasury stock, 51,077 shares, at cost	(1,084)	(1,084)
Total stockholders’ equity	148,977	145,625
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY	$ 1,471,590	$ 1,418,804

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) - $ / shares	Sep. 30, 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	10,495,704	10,047,621
Common stock, shares outstanding	10,444,627	9,996,544
Treasury stock, shares	51,077	51,077

Consolidated Statements of Inco

Consolidated Statements of Income - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2017	Sep. 30, 2016	Sep. 30, 2017	Sep. 30, 2016
INTEREST INCOME
Interest and fees on loans	$ 13,275	$ 12,484	$ 37,695	$ 37,502
Interest on deposits with other banks	89	81	250	251
Interest on investment securities - taxable	693	342	1,884	984
Interest on tax exempt loans and securities	573	616	1,683	1,748
Total interest income	14,630	13,523	41,512	40,485
INTEREST EXPENSE
Interest on deposits	2,083	1,902	5,952	5,739
Interest on repurchase agreements	20	17	56	55
Interest on FHLB and other borrowings	548	316	1,216	861
Interest on subordinated debt	565	559	1,674	1,664
Total interest expense	3,216	2,794	8,898	8,319
NET INTEREST INCOME	11,414	10,729	32,614	32,166
Provision for loan losses	96	1,075	1,137	2,975
Net interest income after provision for loan losses	11,318	9,654	31,477	29,191
NONINTEREST INCOME
Service charges on deposit accounts	207	199	559	557
Income on bank owned life insurance	151	158	453	477
Visa debit card and interchange income	293	291	906	892
Mortgage fee income	10,018	10,668	28,604	26,850
Gain on sale of portfolio loans	265	238	477	838
Insurance and investment services income	147	128	395	303
Gain on sale of securities	105	479	455	1,082
(Loss) gain on derivatives	(1,306)	1	(2,216)	1,433
Other operating income	278	364	916	707
Total noninterest income	10,158	12,526	30,549	33,139
NONINTEREST EXPENSES
Salary and employee benefits	11,249	12,383	33,009	34,427
Occupancy expense	1,042	898	3,083	2,737
Equipment depreciation and maintenance	783	635	2,214	1,781
Data processing and communications	1,139	1,434	3,833	3,815
Mortgage processing	818	802	2,455	2,456
Marketing, contributions and sponsorships	263	355	867	1,002
Professional fees	851	750	2,264	2,293
Printing, postage and supplies	320	169	783	586
Insurance, tax and assessment expense	475	374	1,403	1,106
Travel, entertainment, dues and subscriptions	562	393	1,621	1,212
Other operating expenses	464	546	1,254	980
Total noninterest expense	17,966	18,739	52,786	52,395
Income from continuing operations, before income taxes	3,510	3,441	9,240	9,935
Income tax expense - continuing operations	1,192	1,131	3,088	3,265
Net income from continuing operations	2,318	2,310	6,152	6,670
Income from discontinued operations, before income taxes	0	0	0	6,346
Income tax benefit - discontinued operations	0	0	0	2,411
Net income from discontinued operations	0	0	0	3,935
Net income	2,318	2,310	6,152	10,605
Preferred dividends	123	314	374	814
Net income available to common shareholders	$ 2,195	$ 1,996	$ 5,778	$ 9,791
Earnings per share from continuing operations - basic (in dollars per share)	$ 0.21	$ 0.25	$ 0.56	$ 0.73
Earnings per share from discontinued operations - basic (in dollars per share)	0	0	0	0.49
Earnings per common shareholder - basic (in dollars per share)	0.21	0.25	0.56	1.22
Earnings per share from continuing operations - diluted (in dollars per share)	0.21	0.24	0.56	0.68
Earnings per share from discontinued operations - diluted (in dollars per share)	0	0	0	0.40
Earnings per common shareholder - diluted (in dollars per share)	0.21	0.24	0.56	1.08
Cash dividends declared (in dollars per share)	$ 0.025	$ 0.02	$ 0.075	$ 0.06
Weighted average shares outstanding - basic (in shares)	10,443,443	8,080,690	10,262,944	8,073,644
Weighted average shares outstanding - diluted (in shares)	12,410,070	10,434,344	10,288,534	9,935,209

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Income - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2017	Sep. 30, 2016	Sep. 30, 2017	Sep. 30, 2016
Statement of Comprehensive Income [Abstract]
Net Income	$ 2,318	$ 2,310	$ 6,152	$ 10,605
Other comprehensive income:
Unrealized holding gains on securities available-for-sale	160	(728)	3,158	1,492
Unrealized holding gains during the year related to reclassified held-to maturity securities	0	0	0	1,825
Income tax effect	(64)	291	(1,263)	(1,327)
Reclassification adjustment for gain recognized in income	(105)	(479)	(455)	(813)
Reclassification adjustment for gain recognized in income related to reclassified held-to-maturity securities	0	0	0	(269)
Income tax effect	42	192	182	433
Change in defined benefit pension plan	0	100	(336)	(717)
Income tax effect	0	(40)	134	287
Total other comprehensive income	33	(664)	1,420	911
Comprehensive income	$ 2,351	$ 1,646	$ 7,572	$ 11,516

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	10,605				10,605
Other comprehensive income	911					911
Cash dividends paid	(484)				(484)
Dividends on preferred stock	(814)				(814)
Stock based compensation	415			415
Common stock options exercised	32		22	10
Ending balance at Sep. 30, 2016	125,377	16,334	8,135	74,653	29,361	(2,022)	(1,084)
Beginning balance at Jun. 30, 2016						(1,358)
Increase (Decrease) in Stockholders' Equity
Net Income	2,310
Other comprehensive income	(664)
Ending balance at Sep. 30, 2016	125,377	16,334	8,135	74,653	29,361	(2,022)	(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	6,152				6,152
Other comprehensive income	1,420					1,420
Cash dividends paid	(773)				(773)
Dividends on preferred stock	(374)				(374)
Common stock issuance, net of issuance costs	4,931		444	4,487
Stock based compensation	506			506
Common stock options exercised	(10)		4	(14)
Redemption of preferred stock	(8,500)	(8,500)
Ending balance at Sep. 30, 2017	148,977	7,834	10,496	98,391	36,197	(2,857)	(1,084)
Beginning balance at Jun. 30, 2017						(2,890)
Increase (Decrease) in Stockholders' Equity
Net Income	2,318
Other comprehensive income	33
Ending balance at Sep. 30, 2017	$ 148,977	$ 7,834	$ 10,496	$ 98,391	$ 36,197	$ (2,857)	$ (1,084)

Consolidated Statements of Cha7

Consolidated Statements of Changes in Stockholders' Equity (Parenthetical) - $ / shares	9 Months Ended
	Sep. 30, 2017	Sep. 30, 2016
Statement of Stockholders' Equity [Abstract]
Cash dividends paid (in dollars per share)	$ 0.075	$ 0.06

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2017	Sep. 30, 2016
OPERATING ACTIVITIES
Net Income	$ 6,152	$ 10,605
Adjustments to reconcile net income to net cash provided by (used in) operating activities:
Net amortization and accretion of investments	801	689
Net amortization of deferred loan (fees) costs	95	33
Provision for loan losses	1,137	2,975
Depreciation and amortization	1,980	2,547
Stock based compensation	506	415
Loans originated for sale	(1,050,759)	(1,205,986)
Proceeds of loans sold	1,100,480	1,212,350
Mortgage fee income	(28,604)	(26,850)
Gain on sale of securities	(827)	(1,084)
Loss on sale of securities	372	2
Gain on sale of portfolio loans	(477)	(838)
Gain on sale of subsidiary	0	(6,926)
Income on bank owned life insurance	(453)	(477)
Deferred taxes	(470)	276
Other, net	(5,385)	3,741
Net cash provided by (used in) operating activities	24,548	(8,528)
INVESTING ACTIVITIES
Purchases of investment securities available-for-sale	(86,692)	(95,497)
Maturities/paydowns of investment securities available-for-sale	11,961	13,478
Maturities/paydowns of investment securities held-to-maturity	0	400
Sales of investment securities available-for-sale	52,108	55,191
Purchases of premises and equipment	(4,008)	(1,435)
Disposals of premises and equipment from sale of subsidiary	0	581
Net increase in loans	(42,062)	(44,929)
Purchases of restricted bank stock	(15,450)	(18,064)
Redemptions of restricted bank stock	16,005	19,489
Proceeds from sale of certificates of deposit with banks	1,978	6,472
Purchases of certificates of deposit with banks	(2,229)	(496)
Proceeds from sale of other real estate owned	0	83
Purchase of bank owned life insurance	(50)	0
Proceeds from sale of subsidiary	0	7,047
Net cash used in investing activities	(68,439)	(57,680)
FINANCING ACTIVITIES
Net increase in deposits	58,182	114,476
Net decrease in repurchase agreements	(115)	(245)
Net change in short-term FHLB borrowings	(32,605)	(47,016)
Principal payments on FHLB borrowings	(595)	(70)
Proceeds from new FHLB borrowings	26,682	0
Proceeds from stock offering, net of issuance costs	4,931	0
Preferred stock redemption	(8,500)	0
Common stock options exercised	(10)	32
Cash dividends paid on common stock	(773)	(484)
Cash dividends paid on preferred stock	(374)	(814)
Net cash provided by financing activities	46,823	65,879
Increase (decrease) in cash and cash equivalents	2,932	(329)
Cash and cash equivalents at beginning of period	17,340	29,133
Cash and cash equivalents at end of period	20,272	28,804
Supplemental disclosure of cash flow information:
Loans transferred to other real estate owned	1,017	127
Cashless stock options exercised	4	16
Cash payments for:
Interest on deposits, repurchase agreements and borrowings	9,100	8,084
Income taxes	$ 6,025	$ 4,382

Basis of Presentation

Basis of Presentation	9 Months Ended
	Sep. 30, 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 and nine months ended September 30, 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 (the “SEC”). 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	9 Months Ended
	Sep. 30, 2017
Accounting Policies [Abstract]
Recent Accounting Pronouncements	Note 2 – Recent Accounting Pronouncements In May 2017, the Financial Accounting Standards Board ("FASB") issued Accounting Standards Update ("ASU") 2017-09, Compensation–Stock Compensation (Topic 718): Scope of Modification Accounting . This update provides clarity and reduces both (1) diversity in practice and (2) cost and complexity when applying the guidance in Topic 718, Compensation—Stock Compensation, to a change to the terms or conditions of a share-based payment award. The amendments in this Update provide guidance about which changes to the terms or conditions of a share-based payment award require an entity to apply modification accounting in Topic 718. For public companies, this update will be effective for fiscal years beginning after December 15, 2017, including all interim periods within those fiscal years. The adoption of this guidance is not expected to be material to the consolidated financial statements. In March 2017, the FASB issued 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 adoption of this guidance is not expected to be material to the 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 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 Management Loan Committee ("MLC") are in the process of evaluating the impact of this pronouncement and researching additional software resources that could assist with the implementation. The Company has engaged a third party to assist with a data gap analysis and will utilize the data to determine the impact of the pronouncement. 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 has performed a preliminary evaluation of these amendments. Based on this evaluation, the Company has determined that this new standard is not expected to have a material impact on the Company's consolidated financial statements as it relates to accounting for financial instruments, as the effect of this pronouncement as of September 30, 2017 would be an increase of approximately $419 thousand to net income. However, the Company will continue to monitor developments and additional guidance up to the effective date of these amendments. 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 principal 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	9 Months Ended
	Sep. 30, 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 September 30, 2017 or December 31, 2016 . Amortized cost and fair values of investment securities available-for-sale at September 30, 2017 are summarized as follows: (Dollars in thousands) Amortized Cost Unrealized Gain Unrealized Loss Fair Value U. S. Agency securities $ 55,895 $ 69 $ (347 ) $ 55,617 U.S. Sponsored Mortgage-backed securities 55,602 61 (944 ) 54,719 Municipal securities 60,822 1,077 (503 ) 61,396 Total debt securities 172,319 1,207 (1,794 ) 171,732 Equity and other securities 14,991 625 — 15,616 Total investment securities available-for-sale $ 187,310 $ 1,832 $ (1,794 ) $ 187,348 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: September 30, 2017 Available for sale (Dollars in thousands) Amortized Cost Fair Value Within one year $ 300 $ 301 After one year, but within five 13,311 13,768 After five years, but within ten 32,703 32,449 After ten years 126,005 125,214 Total $ 172,319 $ 171,732 Investment securities with a carrying value of $76.0 million at September 30, 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 September 30, 2017 , the details of which are included in the following table. Although these securities, if sold at September 30, 2017 would result in a pretax loss of $1.8 million , the Company has no intent to sell the applicable securities at such fair values, and maintains the Company has the ability to hold these securities until all principal has been recovered. 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 September 30, 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 September 30, 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 (23) $ 29,921 $ (206 ) $ 6,859 $ (141 ) U.S. Sponsored Mortgage-backed securities (33) 19,186 (287 ) 27,400 (657 ) Municipal securities (48) 7,246 (74 ) 18,589 (429 ) Equity and other securities (0) $ — $ — $ — $ — $ 56,353 $ (567 ) $ 52,848 $ (1,227 ) 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 period ended September 30, 2017 and 2016 , the Company sold investments available-for-sale of $19.0 million and $15.7 million , respectively. These sales resulted in gross gains of $111 thousand and $479 thousand and gross losses of $6 thousand and $0 , respectively. For the nine month period ended September 30, 2017 and 2016 , the Company sold investments available-for-sale of $52.1 million and $55.2 million , respectively. These sales resulted in gross gains of $827 thousand and $1.1 million and gross losses of $372 thousand and $2 thousand , respectively. For the three and nine month periods ended September 30, 2017 and 2016 , the Company sold no investments held-to-maturity.

Loans and Allowance for Loan Lo

Loans and Allowance for Loan Losses	9 Months Ended
	Sep. 30, 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 September 30, 2017 and 2016 , net deferred fees of $667 thousand and $796 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. As of September 30, 2017, the Bank adjusted its methodology to allow impaired homogeneous loans below a specific threshold to be evaluated collectively rather than on an individual basis. More specifically, residential mortgage loans, home equity lines of credit, and consumer loans, when considered impaired, are evaluated collectively for impairment by applying allocation rates derived from the Bank’s historical losses specific to impaired loans. The impact of this change in methodology, as of September 30, 2017, was an increase to the allowance for loan losses of $168 thousand . 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 below in the impaired loans by class table, 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. As of September 30, 2017 and December 31, 2016 , the liability for unfunded commitments was $284 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 September 30, 2017 : (Dollars in thousands) Commercial Residential Home Equity Consumer Total Allowance for loan losses balance at June 30, 2017 $ 7,723 $ 992 $ 777 $ 256 $ 9,748 Charge-offs (382 ) — — (90 ) (472 ) Recoveries 1 6 1 16 24 Provision (38 ) 46 11 77 96 Allowance for loan losses balance at September 30, 2017 $ 7,304 $ 1,044 $ 789 $ 259 $ 9,396 (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 (645 ) (141 ) (33 ) (106 ) (925 ) Recoveries 22 40 3 18 83 Provision 746 155 91 145 1,137 Allowance for loan losses balance at September 30, 2017 $ 7,304 $ 1,044 $ 789 $ 259 $ 9,396 Individually evaluated for impairment $ 420 $ — $ 1 $ — $ 421 Collectively evaluated for impairment $ 6,884 $ 1,044 $ 788 $ 259 $ 8,975 The following table summarizes the primary segments of the Company loan portfolio as of September 30, 2017 : (Dollars in thousands) Commercial Residential Home Equity Consumer Total Individually evaluated for impairment $ 10,457 $ 1,166 $ 581 $ 183 $ 12,387 Collectively evaluated for impairment 772,406 233,070 63,692 12,912 1,082,080 Total Loans $ 782,863 $ 234,236 $ 64,273 $ 13,095 $ 1,094,467 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 September 30, 2016 : (Dollars in thousands) Commercial Residential Home Equity Consumer Total Allowance for loan losses balance at June 30, 2016 $ 6,956 $ 1,011 $ 758 $ 366 $ 9,091 Charge-offs (768 ) — — (250 ) (1,018 ) Recoveries 1 1 — — 2 Provision 967 11 2 95 1,075 Allowance for loan losses balance at September 30, 2016 $ 7,156 $ 1,023 $ 760 $ 211 $ 9,150 (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 (1,448 ) (124 ) — (272 ) (1,844 ) Recoveries 3 2 7 1 13 Provision 2,535 50 38 352 2,975 Allowance for loan losses balance at September 30, 2016 $ 7,156 $ 1,023 $ 760 $ 211 $ 9,150 Individually evaluated for impairment $ 1,288 $ 38 $ — $ 20 $ 1,346 Collectively evaluated for impairment $ 5,868 $ 985 $ 760 $ 191 $ 7,804 The following table summarizes the primary segments of the Company loan portfolio as of September 30, 2016 : (Dollars in thousands) Commercial Residential Home Equity Consumer Total Individually evaluated for impairment $ 10,922 $ 673 $ 51 $ 141 $ 11,787 Collectively evaluated for impairment 739,122 242,814 67,788 14,562 1,064,286 Total Loans $ 750,044 $ 243,487 $ 67,839 $ 14,703 $ 1,076,073 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 evaluates residential mortgage loans, home equity lines of credit, and consumer loans in homogeneous pools, rather than on an individual basis, when each of those loans are below specific thresholds based on outstanding principal balance. Loans that individually exceed these thresholds are evaluated individually 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 September 30, 2017 and December 31, 2016 , these balances totaled $19.9 million and $20.5 million , respectively. Of the $54.4 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 $7.1 million in scheduled loan amortization and $7.5 million in partial principal curtailments and/or loan payoffs. The weighted average yield on the remaining portfolio is 5.46% . 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 September 30, 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 September 30, 2017 Commercial Commercial Business $ 3,501 $ 91 $ 335 $ 3,836 $ 3,837 Commercial Real Estate 1,442 242 1,477 2,919 2,946 Acquisition & Development 1,083 87 2,619 3,702 5,571 Total Commercial 6,026 420 4,431 10,457 12,354 Residential — — 1,166 1,166 1,227 Home Equity 505 1 76 581 590 Consumer — — 183 183 475 Total Impaired Loans $ 6,531 $ 421 $ 5,856 $ 12,387 $ 14,646 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 $573 thousand , or 4.7% , during 2017 . This change is the net effect of multiple factors, including the identification of $3.0 million of impaired loans, principal curtailments of $752 thousand , partial charge-offs of $395 thousand , foreclosure and reclassification to other real estate owned of $1.0 million , reclassification of $150 thousand of previously reported impaired loans to performing loans, and normal loan amortization. The following tables presents the average recorded investment in impaired loans and related interest income recognized for the periods indicated: Nine 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 $ 3,479 $ 116 $ 87 $ 3,720 $ 39 $ 27 Commercial Real Estate 2,783 75 74 2,915 25 24 Acquisition & Development 3,661 7 10 3,637 2 3 Total Commercial 9,923 198 171 10,272 66 54 Residential 1,402 8 44 1,256 2 20 Home Equity 641 1 1 644 — — Consumer 189 — — 184 — — Total $ 12,155 $ 207 $ 216 $ 12,356 $ 68 $ 74 Nine 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 $ 4,296 $ 116 $ 104 $ 4,730 $ 39 $ 40 Commercial Real Estate 5,008 84 75 6,864 28 25 Acquisition & Development 1,927 7 9 2,958 2 3 Total Commercial 11,231 207 188 14,552 69 68 Residential 885 15 22 731 5 8 Home Equity 30 1 1 35 — — Consumer 284 — — 286 — — Total $ 12,430 $ 223 $ 211 $ 15,604 $ 74 $ 76 As of September 30, 2017 , the Bank held nine foreclosed residential real estate properties representing $777 thousand , or 56% , of the total balance of other real estate owned. There are five additional consumer mortgage loans collateralized by residential real estate properties in the process of foreclosure. The total recorded investment in these loans was $378 thousand as of September 30, 2017 . These loans are included in the table above. However, these loans no longer have specific allocations against them since the Bank implemented homogeneous impairment analysis. 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 September 30, 2017 and December 31, 2016 : (Dollars in thousands) Pass Special Mention Substandard Doubtful Total September 30, 2017 Commercial Commercial Business $ 356,809 $ 4,348 $ 4,553 $ — $ 365,710 Commercial Real Estate 266,798 23,198 7,607 — 297,603 Acquisition & Development 112,886 940 3,403 2,321 119,550 Total Commercial 736,493 28,486 15,563 2,321 782,863 Residential 231,434 2,291 231 280 234,236 Home Equity 63,102 1,043 128 — 64,273 Consumer 12,754 183 27 131 13,095 Total Loans $ 1,043,783 $ 32,003 $ 15,949 $ 2,732 $ 1,094,467 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 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 September 30, 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 September 30, 2017 Commercial Commercial Business $ 362,942 $ 1,468 $ 958 $ 342 $ 2,768 $ 365,710 $ 577 $ — Commercial Real Estate 297,132 — 32 439 471 297,603 693 — Acquisition & Development 116,998 — — 2,552 2,552 119,550 3,441 — Total Commercial 777,072 1,468 990 3,333 5,791 782,863 4,711 — Residential 233,554 41 247 394 682 234,236 1,084 — Home Equity 64,184 13 — 76 89 64,273 581 — Consumer 12,943 14 — 138 152 13,095 183 — Total Loans $ 1,087,753 $ 1,536 $ 1,237 $ 3,941 $ 6,714 $ 1,094,467 $ 6,559 $ — 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 September 30, 2017 and December 31, 2016 , the Bank had specific reserve allocations for TDR’s of $254 thousand and $348 thousand , respectively. Loans considered to be troubled debt restructured loans totaled $8.0 million and $8.8 million as of September 30, 2017 and December 31, 2016 , respectively. Of these totals, $6.2 million and $5.9 million , respectively, represent accruing troubled debt restructured loans and represent 48% and 49% , respectively of total impaired loans. Meanwhile, $1.7 million and $1.7 million , respectively, represent two loans to a single borrower that has defaulted under the restructured terms. Both 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. This borrower has experienced continued financial difficulty and are considered non-performing loans as of September 30, 2017 and December 31, 2016 . There were no previously restructured loans that defaulted during the three months ended September 30, 2017 . A commercial loan in the amount of $147 thousand which was previously classified as impaired was also classified as a TDR in the third quarter of 2017. This loan represents the only new TDR for the three and nine months ended September 30, 2017. There were no new TDR's for the three and nine months ended September 30, 2016. New TDR's Three Months Ended September 30, 2017 Nine Months Ended September 30, 2017 (Dollars in thousands) Number of Contracts Pre-Modification Outstanding Recorded Investment Post-Modification Outstanding Recorded Investment Number of Contracts Pre-Modification Outstanding Recorded Investment Post-Modification Outstanding Recorded Investment Commercial Commercial Business 1 $ 147 $ 147 1 $ 147 $ 147 Commercial Real Estate — — — — — — Acquisition & Development — — — — — — Total Commercial 1 147 147 1 147 147 Residential — — — — — — Home Equity — — — — — — Consumer — — — — — — Total 1 $ 147 $ 147 1 $ 147 $ 147

Borrowed Funds

Borrowed Funds	9 Months Ended
	Sep. 30, 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 $81.8 million at September 30, 2017 , compared to $87.7 million at December 31, 2016 . Information related to short-term borrowings is summarized as follows: (Dollars in thousands) September 30, 2017 December 31, 2016 Balance at end of period $ 81,810 $ 87,733 Average balance during the period 121,199 137,822 Maximum month-end balance 220,097 210,600 Weighted-average rate during the year 1.25 % 0.51 % Weighted-average rate at end of period 1.27 % 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 September 30, 2017 and December 31, 2016 . These borrowings were collateralized with investment securities with a carrying value of $25.8 million and $26.0 million at September 30, 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 $25.0 million at September 30, 2017 , compared to $25.2 million in December 31, 2016 . Information related to repurchase agreements is summarized as follows: (Dollars in thousands) September 30, 2017 December 31, 2016 Balance at end of period $ 25,045 $ 25,160 Average balance during the period 25,096 27,066 Maximum month-end balance 25,814 29,561 Weighted-average rate during the year 0.30 % 0.27 % Weighted-average rate at end of period 0.30 % 0.28 % Long-term notes from the FHLB were as follows: (Dollars in thousands) September 30, 2017 December 31, 2016 Fixed interest rate notes, originating between October 2006 and April 2007, due between October 2021 and April 2022, interest of between 5.18% and 5.20% payable monthly $ 1,812 $ 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% 781 798 $ 2,593 $ 3,188 Subordinated Debt Information related to subordinated debt is summarized as follows: (Dollars in thousands) September 30, 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 6.74 % 6.64 % Weighted-average rate at end of period 6.67 % 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 would 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 September 30, 2017 and December 31, 2016 and interest expense of $1.7 million and $1.7 million for the nine months ended September 30, 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 2017 81,849 2018 81 2019 85 2020 90 2021 879 Thereafter 34,943 $ 117,927

Fair Value of Financial Instrum

Fair Value of Financial Instruments	9 Months Ended
	Sep. 30, 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 and nine months ended September 30, 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 September 30, 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. September 30, 2017 (Dollars in thousands) Level I Level II Level III Total Assets: U.S. Government Agency securities $ — $ 55,617 $ — $ 55,617 U.S. Sponsored Mortgage backed securities — 54,719 — 54,719 Municipal securities — 61,396 — 61,396 Equity and other securities 2,333 13,283 — 15,616 Loans held for sale — 69,057 — 69,057 Interest rate lock commitment — — 1,849 1,849 Mortgage-backed security hedges — 12 — 12 Interest rate swap — 111 — 111 Interest rate cap — 34 — 34 Liabilities: Interest rate swap — 111 — 111 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 Nine Months Ended Nine Months Ended Balance, beginning of period $ 2,094 $ 3,625 $ 1,546 $ 1,583 Realized and unrealized gains included in earnings (245 ) (474 ) 303 1,568 Balance, end of period $ 1,849 $ 3,151 $ 1,849 $ 3,151 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 September 30, 2017 and December 31, 2016 are included in the table below: September 30, 2017 (Dollars in thousands) Level I Level II Level III Total Impaired loans $ — $ — $ 11,966 $ 11,966 Other real estate owned — — 1,387 1,387 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 September 30, 2017 and December 31, 2016 . Quantitative Information about Level III Fair Value Measurements (Dollars in thousands) Fair Value Valuation Technique Unobservable Input Range September 30, 2017 Nonrecurring measurements: Impaired loans $ 11,966 Appraisal of collateral 1 Appraisal adjustments 2 20% - 62% Liquidation expense 2 5% - 10% Other real estate owned $ 1,387 Appraisal of collateral 1 Appraisal adjustments 2 20% - 30% Liquidation expense 2 5% - 10% Recurring measurements: Interest rate lock commitments $ 1,849 Pricing model Pull through rates 73% - 81% 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) September 30, 2017 Financial assets: Cash and cash equivalents $ 20,272 $ 20,272 $ 20,272 $ — $ — Certificates of deposits with other banks 14,778 14,449 — 14,449 — Securities available-for-sale 187,348 187,348 2,333 185,015 — Loans held for sale 69,057 69,057 — 69,057 — Loans, net 1,085,071 1,082,593 — — 1,082,593 Mortgage servicing rights 184 184 — — 184 Interest rate lock commitment 1,849 1,849 — — 1,849 Mortgage-backed security hedges 12 12 — 12 — Interest rate swap 111 111 — 111 — Interest rate cap 34 34 — 34 — Accrued interest receivable 4,904 4,904 — 1,224 3,680 Financial liabilities: Deposits $ 1,165,199 $ 1,131,413 $ — $ 1,131,413 $ — Repurchase agreements 25,045 25,045 — 25,045 — FHLB and other borrowings 84,403 84,425 — 84,425 — Interest rate swap 111 111 — 111 — Accrued interest payable 538 538 — 538 — 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	9 Months Ended
	Sep. 30, 2017
Stockholders' Equity Note [Abstract]
Stock Offerings	Note 7 – Stock Offerings 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, upon expiration of the Rights Offering, 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. 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. On March 13, 2017 , the Company filed with 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 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 . 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 SEC to register for resale the 1,913,044 shares of common stock issued to the Investors in the Private Placement. The registration statement was declared effective by the SEC on December 27, 2016 . On June 30, 2014 , the Company filed Certificates of Designations for its Convertible Noncumulative Perpetual Preferred Stock, Series B (“Class B Preferred”) and its Convertible Noncumulative Perpetual Preferred Stock, Series C (“Class C Preferred”). The Class B Preferred Certificate designated 400 shares of preferred stock as Class B Preferred shares. The Class B Preferred shares carry an annual dividend rate of 6% and are convertible into shares of Company common stock within thirty days after the first, second, third, fourth and fifth anniversaries of the original issue date, based on a common stock price of $16 per share, as adjusted for future corporate activities. The Class B Preferred shares are redeemable by the Company on or after the fifth anniversary of the original issue date for Liquidation Amount, as defined therein, plus declared and unpaid dividends. Redemption is subject to any necessary regulatory approvals. In the event of liquidation of the Company, shares of Class B Preferred stock shall be junior to creditors of the Company and to the shares of Senior Noncumulative Perpetual Preferred Stock, Series A. Holders of Class B Preferred shares shall have no voting rights, except for authorization of senior shares of stock, amendment to the Class B Preferred shares, share exchanges, reclassifications or changes of control, or as required by law. The Class C Preferred Certificate designated 383.4 shares of preferred stock as Class C Preferred shares. The Class C Preferred shares carry an annual dividend rate of 6.5% and are convertible into shares of Company common stock within 30 days after the first, second, third, fourth and fifth anniversaries of the original issue date, based on a common stock price of $16 per share, as adjusted for future corporate activities. The Class C Preferred shares are redeemable by the Company on or after the fifth anniversary of the original issue date for Liquidation Amount, as defined therein, plus declared and unpaid dividends. Redemption is subject to any necessary regulatory approvals. In the event of liquidation of the Company, shares of Class C Preferred stock shall be junior to creditors of the Company and to the shares of Senior Noncumulative Perpetual Preferred Stock, Series A and the Class B Preferred shares. Holders of Class C Preferred shares shall have no voting rights, except for authorization of senior shares of stock, amendment to the Class C Preferred shares, share exchanges, reclassifications or changes of control, or as required by law. The proceeds of these preferred stock offerings will be used to support continued growth of the Company and its 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.

Net Income Per Common Share

Net Income Per Common Share	9 Months Ended
	Sep. 30, 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. Nine Months Ended Three Months Ended (Dollars in thousands except shares and per share data) 2017 2016 2017 2016 Numerator for basic earnings per share: Net income from continuing operations $ 6,152 $ 6,670 $ 2,318 $ 2,310 Less: Dividends on preferred stock 374 814 123 314 Net income from continuing operations available to common shareholders - basic 5,778 5,856 2,195 1,996 Net income from discontinued operations available to common shareholders - basic and diluted — 3,935 — — Net income available to common shareholders $ 5,778 $ 9,791 $ 2,195 $ 1,996 Numerator for diluted earnings per share: Net income from continuing operations available to common shareholders - basic $ 5,778 $ 5,856 $ 2,195 $ 1,996 Add: Dividends on convertible preferred stock — — — 123 Add: Interest on subordinated debt (tax effected) — 924 352 350 Net income available to common shareholders from continuing operations - diluted $ 5,778 $ 6,780 $ 2,547 $ 2,469 Denominator: Total average shares outstanding 10,262,944 8,073,644 10,443,443 8,080,690 Effect of dilutive convertible preferred stock — — — 489,625 Effect of dilutive convertible subordinated debt — 1,837,500 1,837,500 1,837,500 Effect of dilutive stock options 25,590 24,065 129,127 26,529 Total diluted average shares outstanding 10,288,534 9,935,209 12,410,070 10,434,344 Earnings per share from continuing operations - basic $ 0.56 $ 0.73 $ 0.21 $ 0.25 Earnings per share from discontinued operations - basic $ — $ 0.49 $ — $ — Earnings per common shareholder - basic $ 0.56 $ 1.22 $ 0.21 $ 0.25 Earnings per share from continuing operations - diluted $ 0.56 $ 0.68 $ 0.21 $ 0.24 Earnings per share from discontinued operations - diluted $ — $ 0.40 $ — $ — Earnings per common shareholder - diluted $ 0.56 $ 1.08 $ 0.21 $ 0.24

Segment Reporting

Segment Reporting	9 Months Ended
	Sep. 30, 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 and nine month periods ended September 30, 2017 and 2016 are as follows: Three Months Ended September 30, 2017 Commercial & Retail Banking Mortgage Banking Financial Holding Company Intercompany Eliminations Consolidated (Dollars in thousands) Revenues: Interest income $ 13,432 $ 1,352 $ 1 $ (155 ) $ 14,630 Mortgage fee income 200 10,042 — (224 ) 10,018 Insurance and investment services income 147 — — — 147 Other income 1,319 (1,279 ) 1,250 (1,297 ) (7 ) Total operating income 15,098 10,115 1,251 (1,676 ) 24,788 Expenses: Interest expense 2,347 684 565 (380 ) 3,216 Salaries and employee benefits 3,107 6,768 1,374 — 11,249 Provision for loan losses — 96 — — 96 Other expense 4,822 2,100 1,091 (1,296 ) 6,717 Total operating expenses 10,276 9,648 3,030 (1,676 ) 21,278 Income (loss) from continuing operations, before income taxes 4,822 467 (1,779 ) — 3,510 Income tax expense (benefit) - continuing operations 1,605 191 (604 ) — 1,192 Net income (loss) from continuing operations 3,217 276 (1,175 ) — 2,318 Net income (loss) $ 3,217 $ 276 $ (1,175 ) $ — $ 2,318 Preferred stock dividends — — 123 — 123 Net income (loss) available to common shareholders $ 3,217 $ 276 $ (1,298 ) $ — $ 2,195 Capital Expenditures for the three-month period ended September 30, 2017 $ 109 $ 129 $ 151 $ — $ 389 Total Assets as of September 30, 2017 1,466,845 140,954 183,231 (319,440 ) 1,471,590 Total Assets as of December 31, 2016 1,415,735 122,242 180,335 (299,508 ) 1,418,804 Goodwill as of September 30, 2017 1,598 16,882 — — 18,480 Goodwill as of December 31, 2016 1,598 16,882 — — 18,480 Three Months Ended September 30, 2016 Commercial & Retail Banking Mortgage Banking Financial Holding Company Insurance Intercompany Eliminations Consolidated (Dollars in thousands) Revenues: Interest income $ 12,528 $ 1,183 $ 1 $ — $ (189 ) $ 13,523 Mortgage fee income (95 ) 11,003 — — (240 ) 10,668 Insurance and investment services income 128 — — — — 128 Other income 1,687 (31 ) 1,444 — (1,370 ) 1,730 Total operating income 14,248 12,155 1,445 — (1,799 ) 26,049 Expenses: Interest expense 2,113 552 560 — (431 ) 2,794 Salaries and employee benefits 2,924 7,724 1,735 — — 12,383 Provision for loan losses 1,075 — — — — 1,075 Other expense 4,782 2,054 888 — (1,368 ) 6,356 Total operating expenses 10,894 10,330 3,183 — (1,799 ) 22,608 Income (loss) from continuing operations, before income taxes 3,354 1,825 (1,738 ) — — 3,441 Income tax expense (benefit) - continuing operations 1,027 704 (600 ) — — 1,131 Net income (loss) from continuing operations 2,327 1,121 (1,138 ) — — 2,310 Income (loss) from discontinued operations — — — — — — Income tax expense (benefit) - discontinued operations $ — $ — $ — $ — $ — $ — Net income (loss) from discontinued operations $ — $ — $ — $ — $ — $ — Net income (loss) $ 2,327 $ 1,121 $ (1,138 ) $ — $ — $ 2,310 Preferred stock dividends — — 314 — — 314 Net income (loss) available to common shareholders $ 2,327 $ 1,121 $ (1,452 ) $ — $ — $ 1,996 Capital Expenditures for the three-month period ended September 30, 2016 $ 116 $ 9 $ 36 $ — $ — $ 161 Total Assets as of September 30, 2016 1,462,496 150,091 159,753 — (303,745 ) 1,468,595 Total Assets as of December 31, 2015 1,378,988 125,227 151,441 5,017 (276,197 ) 1,384,476 Goodwill as of September 30, 2016 1,598 16,882 — — — 18,480 Goodwill as of December 31, 2015 1,598 16,882 — — — 18,480 Nine Months Ended September 30, 2017 Commercial & Retail Banking Mortgage Banking Financial Holding Company Intercompany Eliminations Consolidated (Dollars in thousands) Revenues: Interest income $ 38,651 $ 3,206 $ 3 $ (348 ) $ 41,512 Mortgage fee income 573 28,616 — (585 ) 28,604 Insurance and investment services income 395 — — — 395 Other income 3,679 (1,973 ) 3,768 (3,924 ) 1,550 Total operating income 43,298 29,849 3,771 (4,857 ) 72,061 Expenses: Interest expense 6,635 1,521 1,674 (932 ) 8,898 Salaries and employee benefits 9,030 19,870 4,109 — 33,009 Provision for loan losses 966 171 — — 1,137 Other expense 14,539 6,244 2,919 (3,925 ) 19,777 Total operating expenses 31,170 27,806 8,702 (4,857 ) 62,821 Income (loss) from continuing operations, before income taxes 12,128 2,043 (4,931 ) — 9,240 Income tax expense (benefit) - continuing operations 3,931 827 (1,670 ) — 3,088 Net income (loss) from continuing operations 8,197 1,216 (3,261 ) — 6,152 Income (loss) from discontinued operations — — — — — Income tax expense (benefit) - discontinued operations $ — $ — $ — $ — $ — Net income (loss) from discontinued operations $ — $ — $ — $ — $ — Net income (loss) $ 8,197 $ 1,216 $ (3,261 ) $ — $ 6,152 Preferred stock dividends — — 374 — 374 Net income (loss) available to common shareholders $ 8,197 $ 1,216 $ (3,635 ) $ — $ 5,778 Capital Expenditures for the year ended September 30, 2017 $ 2,709 $ 1,102 $ 197 $ — $ 4,008 Total Assets as of September 30, 2017 1,466,845 140,954 183,231 (319,440 ) 1,471,590 Total Assets as of December 31, 2016 1,415,735 122,242 180,335 (299,508 ) 1,418,804 Goodwill as of September 30, 2017 1,598 16,882 — — 18,480 Goodwill as of December 31, 2016 1,598 16,882 — — 18,480 Nine Months Ended September 30, 2016 Commercial & Retail Banking Mortgage Banking Financial Holding Company Insurance Intercompany Eliminations Consolidated (Dollars in thousands) Revenues: Interest income $ 37,583 $ 3,278 $ 2 $ — $ (378 ) $ 40,485 Mortgage fee income (190 ) 27,862 — — (822 ) 26,850 Insurance and investment services income 303 — — — — 303 Other income 4,161 1,804 4,310 — (4,289 ) 5,986 Total operating income 41,857 32,944 4,312 — (5,489 ) 73,624 Expenses: Interest expense 6,312 1,543 1,665 — (1,201 ) 8,319 Salaries and employee benefits 8,654 20,866 4,907 — — 34,427 Provision for loan losses 2,975 — — — — 2,975 Other expense 13,686 5,979 2,591 — (4,288 ) 17,968 Total operating expenses 31,627 28,388 9,163 — (5,489 ) 63,689 Income (loss) from continuing operations, before income taxes 10,230 4,556 (4,851 ) — — 9,935 Income tax expense (benefit) - continuing operations 3,177 1,762 (1,674 ) — — 3,265 Net income (loss) from continuing operations 7,053 2,794 (3,177 ) — — 6,670 Income (loss) from discontinued operations — — 6,926 (580 ) — 6,346 Income tax expense (benefit) - discontinued operations $ — $ — $ 2,629 $ (218 ) $ — $ 2,411 Net income (loss) from discontinued operations $ — $ — $ 4,297 $ (362 ) $ — $ 3,935 Net income (loss) $ 7,053 $ 2,794 $ 1,120 $ (362 ) $ — $ 10,605 Preferred stock dividends 814 814 Net income (loss) available to common shareholders $ 7,053 $ 2,794 $ 306 $ (362 ) $ — $ 9,791 Capital Expenditures for the year ended September 30, 2016 $ 1,068 $ 164 $ 203 $ — $ — $ 1,435 Total Assets as of September 30, 2016 1,462,496 150,091 159,753 — (303,745 ) 1,468,595 Total Assets as of December 31, 2015 1,378,988 125,227 151,441 5,017 (276,197 ) 1,384,476 Goodwill as of September 30, 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 September 30, 2017 , the Commercial & Retail Banking segment earned $3.2 million compared to $2.3 million in 2016 . Net interest income increased by $670 thousand , primarily the result of interest and fees on loans increasing by $1.0 million and interest on taxable investment securities increasing $351 thousand , which was offset by a $182 thousand increase in interest on deposits and a $471 thousand decrease in interest on tax exempt loans and securities. The increase in interest income on taxable investment securities was due to an increase in the average balance of taxable investment securities of $47.9 million , as well as the 44 basis point increase in yield on taxable investment securities. Noninterest income decreased by $54 thousand which was primarily the result of a $295 thousand increase in mortgage fee income, which was offset by a $374 thousand decrease in gain on sale of securities. Noninterest expense increased by $223 thousand , primarily the result of the following: a $183 thousand increase in salaries and employee benefits expense, a $100 thousand increase in insurance, tax, and assessment expense, and a $208 thousand increase in occupancy and equipment expense, which was offset by a $294 thousand decrease in data processing and communications expense. In addition, provision expense decreased by $1.1 million due to historical loss rates that have declined substantially, while a significantly lower level of charge-offs in the third quarter of 2017 versus the third quarter of 2016 is also a notable contributing factor. The overall decrease was also impacted by decreased loan volume in the third quarter of 2017 versus the same quarter in 2016 . For the nine months ended September 30, 2017 , the Commercial & Retail Banking segment earned $8.2 million compared to $7.1 million in 2016 . Net interest income increased by $745 thousand , primarily the result of interest on taxable investment securities increasing by $900 thousand and interest and fees on loans increasing by $663 thousand . These increases were offset by a $493 thousand decrease in interest on tax exempt loans and securities. The increase in interest income was further offset by an increase in total interest expense of $323 thousand , primarily the result of a $108 thousand increase in interest on FHLB and other borrowings and a $213 thousand increase in interest on deposits. Noninterest income increased $373 thousand , which was the result of a $763 thousand increase in mortgage fee income, which was partially offset by a $362 thousand decrease in gain on sale of portfolio loans. Noninterest expense increased by $1.2 million , primarily the result of a $299 thousand increase in insurance, tax, and assessment expense, a $376 thousand increase in salaries and employee benefits expense, and a $464 thousand increase in occupancy and equipment expense. In addition, provision expense decreased by $2.0 million due to historical loss rates that have declined substantially, while a significantly lower level of charge-offs during the nine month period ended September 30, 2017 versus the same time period in 2016 is also a notable contributing factor. The overall decrease was also impacted by decreased loan volume in the first nine months of 2017 versus the same time period in 2016 . Mortgage Banking For the three months ended September 30, 2017 , the Mortgage Banking segment earned $276 thousand compared to $1.1 million in 2016 . Net interest income increased $37 thousand , noninterest income decreased by $2.2 million , and noninterest expense decreased by $910 thousand . The decrease in noninterest income was related to the $961 thousand decrease in mortgage fee income as well as the $1.2 million decrease in gain on derivative. The $910 thousand decrease in noninterest expense was primarily the result of the following: a $956 thousand decrease in salaries and employee benefits expense, which was primarily due to a 15.1% decrease in origination volume and a $619 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 $66 thousand increase in occupancy and equipment expense and a $55 thousand increase in travel, entertainment, dues, and subscriptions expense. Beginning in the second quarter of 2017, the Mortgage Banking segment began holding real estate construction loans. As a result, provision expense increased $96 thousand during the three month period ended September 30, 2017 versus the same time period in 2016 . For the nine months ended September 30, 2017 , the Mortgage Banking segment earned $1.2 million compared to $2.8 million in 2016 . Net interest income decreased $50 thousand , noninterest income decreased $3.0 million , and noninterest expense decreased $731 thousand . The decrease in noninterest income was related to the decrease of $3.8 million in the gain on derivative, which was offset by the $754 thousand increase in mortgage fee income. The $731 thousand decrease in noninterest expense was primarily the result of the following: a $996 thousand decrease in salaries and employee benefits expense, which was primarily due to a 9.2% decrease in origination volume and a $1.4 million 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 $144 thousand decrease in marketing, contributions, and sponsorships, which was offset by a $160 thousand increase in travel, entertainment, dues, and subscriptions and a $207 thousand increase in occupancy and equipment expense. Beginning in the second quarter of 2017, the Mortgage Banking segment began holding real estate construction loans. As a result, provision expense increased $171 thousand during the nine month period ended September 30, 2017 versus the same time period in 2016 . Financial Holding Company For the three months ended September 30, 2017 , the Financial Holding Company segment lost $1.2 million compared to a loss of $1.1 million in 2016 . Interest expense increased $5 thousand , noninterest income decreased $194 thousand , and noninterest expense decreased $158 thousand . The decrease in noninterest income was due to a $194 thousand decrease in other operating income, primarily intercompany services income related to Regulation W. In addition, the income tax benefit decreased $4 thousand . The decrease in noninterest expense was primarily due to a $361 thousand decrease in salaries and employee benefits expense, which was offset by a $53 thousand increase in travel, entertainment, dues and subscriptions expense and a $147 thousand increase in professional fees. For the nine months ended September 30, 2017 , the Financial Holding Company segment lost $3.3 million compared to a loss of $3.2 million in 2016 , excluding discontinued operations. Interest expense increased $9 thousand , noninterest income decreased $542 thousand , and noninterest expense decreased $470 thousand . The decrease in noninterest income was due to a $70 thousand decrease in gain on sale of securities and a $472 thousand decrease in other operating income, primarily intercompany services income related to Regulation W. In addition, the income tax benefit increased $4 thousand . The decrease in noninterest expense was primarily due to a $798 thousand decrease in salaries and employee benefits expense, which was offset by a $119 thousand increase in occupancy and equipment expense, a $107 thousand increase in professional fees, a $78 thousand increase in other operating expense, and a $73 thousand increase in travel, entertainment, dues, and subscriptions. Insurance 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. The discontinued insurance segment lost $0 for the three months ended September 30, 2016 and lost $362 thousand for the nine months ended September 30, 2016 .

Pension Plan

Pension Plan	9 Months Ended
	Sep. 30, 2017
Retirement Benefits [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 September 30, 2017 and 2016 is as follows: (Dollars in thousands) Three Months Ended Three Months Ended Nine Months Ended Nine Months Ended Service cost $ — $ — — — Interest cost 90 92 270 276 Expected Return on Plan Assets (86 ) (83 ) (258 ) (248 ) Amortization of Net Actuarial Loss 60 59 180 177 Amortization of Prior Service Cost — — — — Net Periodic Benefit Cost $ 64 $ 68 192 205 Contributions Paid $ 145 $ 62 261 142

Comprehensive Income

Comprehensive Income	9 Months Ended
	Sep. 30, 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 and nine months ended September 30, 2017 and 2016 : (Dollars in thousands) Three Months Ended Three Months Ended Nine Months Ended Nine Months Ended Details about AOCI Components Amount Reclassified from AOCI Amount Reclassified from AOCI Amount Reclassified from AOCI Amount Reclassified from AOCI Affected line item in the Statement where Net Income is presented Available-for-sale securities Unrealized holding gains $ 105 $ 479 $ 455 $ 1,082 Gain on sale of securities 105 479 455 1,082 Total before tax (42 ) (192 ) (182 ) (433 ) Income tax expense 63 287 273 649 Net of tax Defined benefit pension plan items Amortization of net actuarial loss (60 ) (59 ) (180 ) (177 ) Salaries and benefits (60 ) (59 ) (180 ) (177 ) Total before tax 24 24 72 71 Income tax expense (36 ) (35 ) (108 ) (106 ) Net of tax Total reclassifications $ 27 $ 252 $ 165 $ 543 (Dollars in thousands) Unrealized gains (losses) on available for-sale securities Defined benefit pension plan items Total Balance at June 30, 2017 $ (9 ) $ (2,881 ) $ (2,890 ) Other comprehensive loss before reclassification 96 (36 ) 60 Amounts reclassified from AOCI (63 ) 36 (27 ) Net current period OCI 33 — 33 Balance at September 30, 2017 $ 24 $ (2,881 ) $ (2,857 ) Balance at June 30, 2016 $ 1,702 $ (3,060 ) $ (1,358 ) Other comprehensive loss before reclassification (437 ) 25 (412 ) Amounts reclassified from AOCI (287 ) 35 (252 ) Net current period OCI (724 ) 60 (664 ) Balance at September 30, 2016 $ 978 $ (3,000 ) $ (2,022 ) Balance at December 31, 2016 $ (1,598 ) $ (2,679 ) $ (4,277 ) Other comprehensive loss before reclassification 1,895 (310 ) 1,585 Amounts reclassified from AOCI (273 ) 108 (165 ) Net current period OCI 1,622 (202 ) 1,420 Balance at September 30, 2017 $ 24 $ (2,881 ) $ (2,857 ) Balance at December 31, 2015 $ (363 ) $ (2,570 ) $ (2,933 ) Other comprehensive loss before reclassification 1,990 (536 ) 1,454 Amounts reclassified from AOCI (649 ) 106 (543 ) Net current period OCI 1,341 (430 ) 911 Balance at September 30, 2016 $ 978 $ (3,000 ) $ (2,022 )

Discontinued Operations

Discontinued Operations	9 Months Ended
	Sep. 30, 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 September 30, 2017 or December 31, 2016 . Net income from discontinued operations, net of tax, for the nine and three months ended September 30, 2017 and September 30, 2016 , were as follows: Nine months ended Three months ended (Dollars in thousands) 2017 2016 2017 2016 NONINTEREST INCOME Insurance and investment services income $ — $ 1,887 $ — $ — Gain on sale of subsidiary — 6,926 — — Other operating income — 2 — — Total noninterest income — 8,815 — — NONINTEREST EXPENSES Salary and employee benefits — 1,937 — — Occupancy expense — 124 — — Equipment depreciation and maintenance — 29 — — Data processing and communications — 79 — — Marketing, contributions and sponsorships — 7 — — Professional fees — 2 — — Printing, postage and supplies — 12 — — Insurance, tax and assessment expense — 58 — — Travel, entertainment, dues and subscriptions — 67 — — Other operating expenses — 154 — — Total noninterest expense — 2,469 — — Income from discontinued operations, before income taxes — 6,346 — — Income tax benefit - discontinued operations — 2,411 — — Net income from discontinued operations $ — $ 3,935 $ — $ —

Recent Accounting Pronounceme21

Recent Accounting Pronouncements (Policies)	9 Months Ended
	Sep. 30, 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 and nine months ended September 30, 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 May 2017, the Financial Accounting Standards Board ("FASB") issued Accounting Standards Update ("ASU") 2017-09, Compensation–Stock Compensation (Topic 718): Scope of Modification Accounting . This update provides clarity and reduces both (1) diversity in practice and (2) cost and complexity when applying the guidance in Topic 718, Compensation—Stock Compensation, to a change to the terms or conditions of a share-based payment award. The amendments in this Update provide guidance about which changes to the terms or conditions of a share-based payment award require an entity to apply modification accounting in Topic 718. For public companies, this update will be effective for fiscal years beginning after December 15, 2017, including all interim periods within those fiscal years. The adoption of this guidance is not expected to be material to the consolidated financial statements. In March 2017, the FASB issued 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 adoption of this guidance is not expected to be material to the 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 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 Management Loan Committee ("MLC") are in the process of evaluating the impact of this pronouncement and researching additional software resources that could assist with the implementation. The Company has engaged a third party to assist with a data gap analysis and will utilize the data to determine the impact of the pronouncement. 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 has performed a preliminary evaluation of these amendments. Based on this evaluation, the Company has determined that this new standard is not expected to have a material impact on the Company's consolidated financial statements as it relates to accounting for financial instruments, as the effect of this pronouncement as of September 30, 2017 would be an increase of approximately $419 thousand to net income. However, the Company will continue to monitor developments and additional guidance up to the effective date of these amendments. 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 principal 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)	9 Months Ended
	Sep. 30, 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 September 30, 2017 are summarized as follows: (Dollars in thousands) Amortized Cost Unrealized Gain Unrealized Loss Fair Value U. S. Agency securities $ 55,895 $ 69 $ (347 ) $ 55,617 U.S. Sponsored Mortgage-backed securities 55,602 61 (944 ) 54,719 Municipal securities 60,822 1,077 (503 ) 61,396 Total debt securities 172,319 1,207 (1,794 ) 171,732 Equity and other securities 14,991 625 — 15,616 Total investment securities available-for-sale $ 187,310 $ 1,832 $ (1,794 ) $ 187,348 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: September 30, 2017 Available for sale (Dollars in thousands) Amortized Cost Fair Value Within one year $ 300 $ 301 After one year, but within five 13,311 13,768 After five years, but within ten 32,703 32,449 After ten years 126,005 125,214 Total $ 172,319 $ 171,732
Investments in an Unrealized Loss Position	The following table discloses investments in an unrealized loss position at September 30, 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 (23) $ 29,921 $ (206 ) $ 6,859 $ (141 ) U.S. Sponsored Mortgage-backed securities (33) 19,186 (287 ) 27,400 (657 ) Municipal securities (48) 7,246 (74 ) 18,589 (429 ) Equity and other securities (0) $ — $ — $ — $ — $ 56,353 $ (567 ) $ 52,848 $ (1,227 ) 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 23

Loans and Allowance for Loan Losses (Tables)	9 Months Ended
	Sep. 30, 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 September 30, 2016 : (Dollars in thousands) Commercial Residential Home Equity Consumer Total Allowance for loan losses balance at June 30, 2016 $ 6,956 $ 1,011 $ 758 $ 366 $ 9,091 Charge-offs (768 ) — — (250 ) (1,018 ) Recoveries 1 1 — — 2 Provision 967 11 2 95 1,075 Allowance for loan losses balance at September 30, 2016 $ 7,156 $ 1,023 $ 760 $ 211 $ 9,150 (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 (1,448 ) (124 ) — (272 ) (1,844 ) Recoveries 3 2 7 1 13 Provision 2,535 50 38 352 2,975 Allowance for loan losses balance at September 30, 2016 $ 7,156 $ 1,023 $ 760 $ 211 $ 9,150 Individually evaluated for impairment $ 1,288 $ 38 $ — $ 20 $ 1,346 Collectively evaluated for impairment $ 5,868 $ 985 $ 760 $ 191 $ 7,804 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 September 30, 2017 : (Dollars in thousands) Commercial Residential Home Equity Consumer Total Allowance for loan losses balance at June 30, 2017 $ 7,723 $ 992 $ 777 $ 256 $ 9,748 Charge-offs (382 ) — — (90 ) (472 ) Recoveries 1 6 1 16 24 Provision (38 ) 46 11 77 96 Allowance for loan losses balance at September 30, 2017 $ 7,304 $ 1,044 $ 789 $ 259 $ 9,396 (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 (645 ) (141 ) (33 ) (106 ) (925 ) Recoveries 22 40 3 18 83 Provision 746 155 91 145 1,137 Allowance for loan losses balance at September 30, 2017 $ 7,304 $ 1,044 $ 789 $ 259 $ 9,396 Individually evaluated for impairment $ 420 $ — $ 1 $ — $ 421 Collectively evaluated for impairment $ 6,884 $ 1,044 $ 788 $ 259 $ 8,975
Primary Segments of the Loan Portfolio	The following table summarizes the primary segments of the Company loan portfolio as of September 30, 2016 : (Dollars in thousands) Commercial Residential Home Equity Consumer Total Individually evaluated for impairment $ 10,922 $ 673 $ 51 $ 141 $ 11,787 Collectively evaluated for impairment 739,122 242,814 67,788 14,562 1,064,286 Total Loans $ 750,044 $ 243,487 $ 67,839 $ 14,703 $ 1,076,073 The following table summarizes the primary segments of the Company loan portfolio as of September 30, 2017 : (Dollars in thousands) Commercial Residential Home Equity Consumer Total Individually evaluated for impairment $ 10,457 $ 1,166 $ 581 $ 183 $ 12,387 Collectively evaluated for impairment 772,406 233,070 63,692 12,912 1,082,080 Total Loans $ 782,863 $ 234,236 $ 64,273 $ 13,095 $ 1,094,467
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 September 30, 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 September 30, 2017 Commercial Commercial Business $ 3,501 $ 91 $ 335 $ 3,836 $ 3,837 Commercial Real Estate 1,442 242 1,477 2,919 2,946 Acquisition & Development 1,083 87 2,619 3,702 5,571 Total Commercial 6,026 420 4,431 10,457 12,354 Residential — — 1,166 1,166 1,227 Home Equity 505 1 76 581 590 Consumer — — 183 183 475 Total Impaired Loans $ 6,531 $ 421 $ 5,856 $ 12,387 $ 14,646 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 tables presents the average recorded investment in impaired loans and related interest income recognized for the periods indicated: Nine 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 $ 3,479 $ 116 $ 87 $ 3,720 $ 39 $ 27 Commercial Real Estate 2,783 75 74 2,915 25 24 Acquisition & Development 3,661 7 10 3,637 2 3 Total Commercial 9,923 198 171 10,272 66 54 Residential 1,402 8 44 1,256 2 20 Home Equity 641 1 1 644 — — Consumer 189 — — 184 — — Total $ 12,155 $ 207 $ 216 $ 12,356 $ 68 $ 74 Nine 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 $ 4,296 $ 116 $ 104 $ 4,730 $ 39 $ 40 Commercial Real Estate 5,008 84 75 6,864 28 25 Acquisition & Development 1,927 7 9 2,958 2 3 Total Commercial 11,231 207 188 14,552 69 68 Residential 885 15 22 731 5 8 Home Equity 30 1 1 35 — — Consumer 284 — — 286 — — Total $ 12,430 $ 223 $ 211 $ 15,604 $ 74 $ 76
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 September 30, 2017 and December 31, 2016 : (Dollars in thousands) Pass Special Mention Substandard Doubtful Total September 30, 2017 Commercial Commercial Business $ 356,809 $ 4,348 $ 4,553 $ — $ 365,710 Commercial Real Estate 266,798 23,198 7,607 — 297,603 Acquisition & Development 112,886 940 3,403 2,321 119,550 Total Commercial 736,493 28,486 15,563 2,321 782,863 Residential 231,434 2,291 231 280 234,236 Home Equity 63,102 1,043 128 — 64,273 Consumer 12,754 183 27 131 13,095 Total Loans $ 1,043,783 $ 32,003 $ 15,949 $ 2,732 $ 1,094,467 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 September 30, 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 September 30, 2017 Commercial Commercial Business $ 362,942 $ 1,468 $ 958 $ 342 $ 2,768 $ 365,710 $ 577 $ — Commercial Real Estate 297,132 — 32 439 471 297,603 693 — Acquisition & Development 116,998 — — 2,552 2,552 119,550 3,441 — Total Commercial 777,072 1,468 990 3,333 5,791 782,863 4,711 — Residential 233,554 41 247 394 682 234,236 1,084 — Home Equity 64,184 13 — 76 89 64,273 581 — Consumer 12,943 14 — 138 152 13,095 183 — Total Loans $ 1,087,753 $ 1,536 $ 1,237 $ 3,941 $ 6,714 $ 1,094,467 $ 6,559 $ — 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 on Financing Receivables	New TDR's Three Months Ended September 30, 2017 Nine Months Ended September 30, 2017 (Dollars in thousands) Number of Contracts Pre-Modification Outstanding Recorded Investment Post-Modification Outstanding Recorded Investment Number of Contracts Pre-Modification Outstanding Recorded Investment Post-Modification Outstanding Recorded Investment Commercial Commercial Business 1 $ 147 $ 147 1 $ 147 $ 147 Commercial Real Estate — — — — — — Acquisition & Development — — — — — — Total Commercial 1 147 147 1 147 147 Residential — — — — — — Home Equity — — — — — — Consumer — — — — — — Total 1 $ 147 $ 147 1 $ 147 $ 147

Borrowed Funds (Tables)

Borrowed Funds (Tables)	9 Months Ended
	Sep. 30, 2017
Debt Disclosure [Abstract]
Information Related to Short-term Borrowings	Information related to short-term borrowings is summarized as follows: (Dollars in thousands) September 30, 2017 December 31, 2016 Balance at end of period $ 81,810 $ 87,733 Average balance during the period 121,199 137,822 Maximum month-end balance 220,097 210,600 Weighted-average rate during the year 1.25 % 0.51 % Weighted-average rate at end of period 1.27 % 0.74 %
Information Related To Repurchase Agreements	Information related to repurchase agreements is summarized as follows: (Dollars in thousands) September 30, 2017 December 31, 2016 Balance at end of period $ 25,045 $ 25,160 Average balance during the period 25,096 27,066 Maximum month-end balance 25,814 29,561 Weighted-average rate during the year 0.30 % 0.27 % Weighted-average rate at end of period 0.30 % 0.28 %
Long-term Notes from the FHLB	Long-term notes from the FHLB were as follows: (Dollars in thousands) September 30, 2017 December 31, 2016 Fixed interest rate notes, originating between October 2006 and April 2007, due between October 2021 and April 2022, interest of between 5.18% and 5.20% payable monthly $ 1,812 $ 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% 781 798 $ 2,593 $ 3,188
Information Related to Subordinated Debt	Information related to subordinated debt is summarized as follows: (Dollars in thousands) September 30, 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 6.74 % 6.64 % Weighted-average rate at end of period 6.67 % 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 2017 81,849 2018 81 2019 85 2020 90 2021 879 Thereafter 34,943 $ 117,927

Fair Value of Financial Instr25

Fair Value of Financial Instruments (Tables)	9 Months Ended
	Sep. 30, 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 Nine Months Ended Nine Months Ended Balance, beginning of period $ 2,094 $ 3,625 $ 1,546 $ 1,583 Realized and unrealized gains included in earnings (245 ) (474 ) 303 1,568 Balance, end of period $ 1,849 $ 3,151 $ 1,849 $ 3,151
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 September 30, 2017 and December 31, 2016 . Quantitative Information about Level III Fair Value Measurements (Dollars in thousands) Fair Value Valuation Technique Unobservable Input Range September 30, 2017 Nonrecurring measurements: Impaired loans $ 11,966 Appraisal of collateral 1 Appraisal adjustments 2 20% - 62% Liquidation expense 2 5% - 10% Other real estate owned $ 1,387 Appraisal of collateral 1 Appraisal adjustments 2 20% - 30% Liquidation expense 2 5% - 10% Recurring measurements: Interest rate lock commitments $ 1,849 Pricing model Pull through rates 73% - 81% 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) September 30, 2017 Financial assets: Cash and cash equivalents $ 20,272 $ 20,272 $ 20,272 $ — $ — Certificates of deposits with other banks 14,778 14,449 — 14,449 — Securities available-for-sale 187,348 187,348 2,333 185,015 — Loans held for sale 69,057 69,057 — 69,057 — Loans, net 1,085,071 1,082,593 — — 1,082,593 Mortgage servicing rights 184 184 — — 184 Interest rate lock commitment 1,849 1,849 — — 1,849 Mortgage-backed security hedges 12 12 — 12 — Interest rate swap 111 111 — 111 — Interest rate cap 34 34 — 34 — Accrued interest receivable 4,904 4,904 — 1,224 3,680 Financial liabilities: Deposits $ 1,165,199 $ 1,131,413 $ — $ 1,131,413 $ — Repurchase agreements 25,045 25,045 — 25,045 — FHLB and other borrowings 84,403 84,425 — 84,425 — Interest rate swap 111 111 — 111 — Accrued interest payable 538 538 — 538 — 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 September 30, 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. September 30, 2017 (Dollars in thousands) Level I Level II Level III Total Assets: U.S. Government Agency securities $ — $ 55,617 $ — $ 55,617 U.S. Sponsored Mortgage backed securities — 54,719 — 54,719 Municipal securities — 61,396 — 61,396 Equity and other securities 2,333 13,283 — 15,616 Loans held for sale — 69,057 — 69,057 Interest rate lock commitment — — 1,849 1,849 Mortgage-backed security hedges — 12 — 12 Interest rate swap — 111 — 111 Interest rate cap — 34 — 34 Liabilities: Interest rate swap — 111 — 111 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 September 30, 2017 and December 31, 2016 are included in the table below: September 30, 2017 (Dollars in thousands) Level I Level II Level III Total Impaired loans $ — $ — $ 11,966 $ 11,966 Other real estate owned — — 1,387 1,387 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)	9 Months Ended
	Sep. 30, 2017
Earnings Per Share [Abstract]
Schedule of Net Income Per Common Share	Nine Months Ended Three Months Ended (Dollars in thousands except shares and per share data) 2017 2016 2017 2016 Numerator for basic earnings per share: Net income from continuing operations $ 6,152 $ 6,670 $ 2,318 $ 2,310 Less: Dividends on preferred stock 374 814 123 314 Net income from continuing operations available to common shareholders - basic 5,778 5,856 2,195 1,996 Net income from discontinued operations available to common shareholders - basic and diluted — 3,935 — — Net income available to common shareholders $ 5,778 $ 9,791 $ 2,195 $ 1,996 Numerator for diluted earnings per share: Net income from continuing operations available to common shareholders - basic $ 5,778 $ 5,856 $ 2,195 $ 1,996 Add: Dividends on convertible preferred stock — — — 123 Add: Interest on subordinated debt (tax effected) — 924 352 350 Net income available to common shareholders from continuing operations - diluted $ 5,778 $ 6,780 $ 2,547 $ 2,469 Denominator: Total average shares outstanding 10,262,944 8,073,644 10,443,443 8,080,690 Effect of dilutive convertible preferred stock — — — 489,625 Effect of dilutive convertible subordinated debt — 1,837,500 1,837,500 1,837,500 Effect of dilutive stock options 25,590 24,065 129,127 26,529 Total diluted average shares outstanding 10,288,534 9,935,209 12,410,070 10,434,344 Earnings per share from continuing operations - basic $ 0.56 $ 0.73 $ 0.21 $ 0.25 Earnings per share from discontinued operations - basic $ — $ 0.49 $ — $ — Earnings per common shareholder - basic $ 0.56 $ 1.22 $ 0.21 $ 0.25 Earnings per share from continuing operations - diluted $ 0.56 $ 0.68 $ 0.21 $ 0.24 Earnings per share from discontinued operations - diluted $ — $ 0.40 $ — $ — Earnings per common shareholder - diluted $ 0.56 $ 1.08 $ 0.21 $ 0.24

Segment Reporting (Tables)

Segment Reporting (Tables)	9 Months Ended
	Sep. 30, 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 and nine month periods ended September 30, 2017 and 2016 are as follows: Three Months Ended September 30, 2017 Commercial & Retail Banking Mortgage Banking Financial Holding Company Intercompany Eliminations Consolidated (Dollars in thousands) Revenues: Interest income $ 13,432 $ 1,352 $ 1 $ (155 ) $ 14,630 Mortgage fee income 200 10,042 — (224 ) 10,018 Insurance and investment services income 147 — — — 147 Other income 1,319 (1,279 ) 1,250 (1,297 ) (7 ) Total operating income 15,098 10,115 1,251 (1,676 ) 24,788 Expenses: Interest expense 2,347 684 565 (380 ) 3,216 Salaries and employee benefits 3,107 6,768 1,374 — 11,249 Provision for loan losses — 96 — — 96 Other expense 4,822 2,100 1,091 (1,296 ) 6,717 Total operating expenses 10,276 9,648 3,030 (1,676 ) 21,278 Income (loss) from continuing operations, before income taxes 4,822 467 (1,779 ) — 3,510 Income tax expense (benefit) - continuing operations 1,605 191 (604 ) — 1,192 Net income (loss) from continuing operations 3,217 276 (1,175 ) — 2,318 Net income (loss) $ 3,217 $ 276 $ (1,175 ) $ — $ 2,318 Preferred stock dividends — — 123 — 123 Net income (loss) available to common shareholders $ 3,217 $ 276 $ (1,298 ) $ — $ 2,195 Capital Expenditures for the three-month period ended September 30, 2017 $ 109 $ 129 $ 151 $ — $ 389 Total Assets as of September 30, 2017 1,466,845 140,954 183,231 (319,440 ) 1,471,590 Total Assets as of December 31, 2016 1,415,735 122,242 180,335 (299,508 ) 1,418,804 Goodwill as of September 30, 2017 1,598 16,882 — — 18,480 Goodwill as of December 31, 2016 1,598 16,882 — — 18,480 Three Months Ended September 30, 2016 Commercial & Retail Banking Mortgage Banking Financial Holding Company Insurance Intercompany Eliminations Consolidated (Dollars in thousands) Revenues: Interest income $ 12,528 $ 1,183 $ 1 $ — $ (189 ) $ 13,523 Mortgage fee income (95 ) 11,003 — — (240 ) 10,668 Insurance and investment services income 128 — — — — 128 Other income 1,687 (31 ) 1,444 — (1,370 ) 1,730 Total operating income 14,248 12,155 1,445 — (1,799 ) 26,049 Expenses: Interest expense 2,113 552 560 — (431 ) 2,794 Salaries and employee benefits 2,924 7,724 1,735 — — 12,383 Provision for loan losses 1,075 — — — — 1,075 Other expense 4,782 2,054 888 — (1,368 ) 6,356 Total operating expenses 10,894 10,330 3,183 — (1,799 ) 22,608 Income (loss) from continuing operations, before income taxes 3,354 1,825 (1,738 ) — — 3,441 Income tax expense (benefit) - continuing operations 1,027 704 (600 ) — — 1,131 Net income (loss) from continuing operations 2,327 1,121 (1,138 ) — — 2,310 Income (loss) from discontinued operations — — — — — — Income tax expense (benefit) - discontinued operations $ — $ — $ — $ — $ — $ — Net income (loss) from discontinued operations $ — $ — $ — $ — $ — $ — Net income (loss) $ 2,327 $ 1,121 $ (1,138 ) $ — $ — $ 2,310 Preferred stock dividends — — 314 — — 314 Net income (loss) available to common shareholders $ 2,327 $ 1,121 $ (1,452 ) $ — $ — $ 1,996 Capital Expenditures for the three-month period ended September 30, 2016 $ 116 $ 9 $ 36 $ — $ — $ 161 Total Assets as of September 30, 2016 1,462,496 150,091 159,753 — (303,745 ) 1,468,595 Total Assets as of December 31, 2015 1,378,988 125,227 151,441 5,017 (276,197 ) 1,384,476 Goodwill as of September 30, 2016 1,598 16,882 — — — 18,480 Goodwill as of December 31, 2015 1,598 16,882 — — — 18,480 Nine Months Ended September 30, 2017 Commercial & Retail Banking Mortgage Banking Financial Holding Company Intercompany Eliminations Consolidated (Dollars in thousands) Revenues: Interest income $ 38,651 $ 3,206 $ 3 $ (348 ) $ 41,512 Mortgage fee income 573 28,616 — (585 ) 28,604 Insurance and investment services income 395 — — — 395 Other income 3,679 (1,973 ) 3,768 (3,924 ) 1,550 Total operating income 43,298 29,849 3,771 (4,857 ) 72,061 Expenses: Interest expense 6,635 1,521 1,674 (932 ) 8,898 Salaries and employee benefits 9,030 19,870 4,109 — 33,009 Provision for loan losses 966 171 — — 1,137 Other expense 14,539 6,244 2,919 (3,925 ) 19,777 Total operating expenses 31,170 27,806 8,702 (4,857 ) 62,821 Income (loss) from continuing operations, before income taxes 12,128 2,043 (4,931 ) — 9,240 Income tax expense (benefit) - continuing operations 3,931 827 (1,670 ) — 3,088 Net income (loss) from continuing operations 8,197 1,216 (3,261 ) — 6,152 Income (loss) from discontinued operations — — — — — Income tax expense (benefit) - discontinued operations $ — $ — $ — $ — $ — Net income (loss) from discontinued operations $ — $ — $ — $ — $ — Net income (loss) $ 8,197 $ 1,216 $ (3,261 ) $ — $ 6,152 Preferred stock dividends — — 374 — 374 Net income (loss) available to common shareholders $ 8,197 $ 1,216 $ (3,635 ) $ — $ 5,778 Capital Expenditures for the year ended September 30, 2017 $ 2,709 $ 1,102 $ 197 $ — $ 4,008 Total Assets as of September 30, 2017 1,466,845 140,954 183,231 (319,440 ) 1,471,590 Total Assets as of December 31, 2016 1,415,735 122,242 180,335 (299,508 ) 1,418,804 Goodwill as of September 30, 2017 1,598 16,882 — — 18,480 Goodwill as of December 31, 2016 1,598 16,882 — — 18,480 Nine Months Ended September 30, 2016 Commercial & Retail Banking Mortgage Banking Financial Holding Company Insurance Intercompany Eliminations Consolidated (Dollars in thousands) Revenues: Interest income $ 37,583 $ 3,278 $ 2 $ — $ (378 ) $ 40,485 Mortgage fee income (190 ) 27,862 — — (822 ) 26,850 Insurance and investment services income 303 — — — — 303 Other income 4,161 1,804 4,310 — (4,289 ) 5,986 Total operating income 41,857 32,944 4,312 — (5,489 ) 73,624 Expenses: Interest expense 6,312 1,543 1,665 — (1,201 ) 8,319 Salaries and employee benefits 8,654 20,866 4,907 — — 34,427 Provision for loan losses 2,975 — — — — 2,975 Other expense 13,686 5,979 2,591 — (4,288 ) 17,968 Total operating expenses 31,627 28,388 9,163 — (5,489 ) 63,689 Income (loss) from continuing operations, before income taxes 10,230 4,556 (4,851 ) — — 9,935 Income tax expense (benefit) - continuing operations 3,177 1,762 (1,674 ) — — 3,265 Net income (loss) from continuing operations 7,053 2,794 (3,177 ) — — 6,670 Income (loss) from discontinued operations — — 6,926 (580 ) — 6,346 Income tax expense (benefit) - discontinued operations $ — $ — $ 2,629 $ (218 ) $ — $ 2,411 Net income (loss) from discontinued operations $ — $ — $ 4,297 $ (362 ) $ — $ 3,935 Net income (loss) $ 7,053 $ 2,794 $ 1,120 $ (362 ) $ — $ 10,605 Preferred stock dividends 814 814 Net income (loss) available to common shareholders $ 7,053 $ 2,794 $ 306 $ (362 ) $ — $ 9,791 Capital Expenditures for the year ended September 30, 2016 $ 1,068 $ 164 $ 203 $ — $ — $ 1,435 Total Assets as of September 30, 2016 1,462,496 150,091 159,753 — (303,745 ) 1,468,595 Total Assets as of December 31, 2015 1,378,988 125,227 151,441 5,017 (276,197 ) 1,384,476 Goodwill as of September 30, 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)	9 Months Ended
	Sep. 30, 2017
Retirement Benefits [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 September 30, 2017 and 2016 is as follows: (Dollars in thousands) Three Months Ended Three Months Ended Nine Months Ended Nine Months Ended Service cost $ — $ — — — Interest cost 90 92 270 276 Expected Return on Plan Assets (86 ) (83 ) (258 ) (248 ) Amortization of Net Actuarial Loss 60 59 180 177 Amortization of Prior Service Cost — — — — Net Periodic Benefit Cost $ 64 $ 68 192 205 Contributions Paid $ 145 $ 62 261 142

Comprehensive Income (Tables)

Comprehensive Income (Tables)	9 Months Ended
	Sep. 30, 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 and nine months ended September 30, 2017 and 2016 : (Dollars in thousands) Three Months Ended Three Months Ended Nine Months Ended Nine Months Ended Details about AOCI Components Amount Reclassified from AOCI Amount Reclassified from AOCI Amount Reclassified from AOCI Amount Reclassified from AOCI Affected line item in the Statement where Net Income is presented Available-for-sale securities Unrealized holding gains $ 105 $ 479 $ 455 $ 1,082 Gain on sale of securities 105 479 455 1,082 Total before tax (42 ) (192 ) (182 ) (433 ) Income tax expense 63 287 273 649 Net of tax Defined benefit pension plan items Amortization of net actuarial loss (60 ) (59 ) (180 ) (177 ) Salaries and benefits (60 ) (59 ) (180 ) (177 ) Total before tax 24 24 72 71 Income tax expense (36 ) (35 ) (108 ) (106 ) Net of tax Total reclassifications $ 27 $ 252 $ 165 $ 543
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 June 30, 2017 $ (9 ) $ (2,881 ) $ (2,890 ) Other comprehensive loss before reclassification 96 (36 ) 60 Amounts reclassified from AOCI (63 ) 36 (27 ) Net current period OCI 33 — 33 Balance at September 30, 2017 $ 24 $ (2,881 ) $ (2,857 ) Balance at June 30, 2016 $ 1,702 $ (3,060 ) $ (1,358 ) Other comprehensive loss before reclassification (437 ) 25 (412 ) Amounts reclassified from AOCI (287 ) 35 (252 ) Net current period OCI (724 ) 60 (664 ) Balance at September 30, 2016 $ 978 $ (3,000 ) $ (2,022 ) Balance at December 31, 2016 $ (1,598 ) $ (2,679 ) $ (4,277 ) Other comprehensive loss before reclassification 1,895 (310 ) 1,585 Amounts reclassified from AOCI (273 ) 108 (165 ) Net current period OCI 1,622 (202 ) 1,420 Balance at September 30, 2017 $ 24 $ (2,881 ) $ (2,857 ) Balance at December 31, 2015 $ (363 ) $ (2,570 ) $ (2,933 ) Other comprehensive loss before reclassification 1,990 (536 ) 1,454 Amounts reclassified from AOCI (649 ) 106 (543 ) Net current period OCI 1,341 (430 ) 911 Balance at September 30, 2016 $ 978 $ (3,000 ) $ (2,022 )

Discontinued Operations (Tables

Discontinued Operations (Tables)	9 Months Ended
	Sep. 30, 2017
Discontinued Operations and Disposal Groups [Abstract]
Net Income From Discontinued Operations	Net income from discontinued operations, net of tax, for the nine and three months ended September 30, 2017 and September 30, 2016 , were as follows: Nine months ended Three months ended (Dollars in thousands) 2017 2016 2017 2016 NONINTEREST INCOME Insurance and investment services income $ — $ 1,887 $ — $ — Gain on sale of subsidiary — 6,926 — — Other operating income — 2 — — Total noninterest income — 8,815 — — NONINTEREST EXPENSES Salary and employee benefits — 1,937 — — Occupancy expense — 124 — — Equipment depreciation and maintenance — 29 — — Data processing and communications — 79 — — Marketing, contributions and sponsorships — 7 — — Professional fees — 2 — — Printing, postage and supplies — 12 — — Insurance, tax and assessment expense — 58 — — Travel, entertainment, dues and subscriptions — 67 — — Other operating expenses — 154 — — Total noninterest expense — 2,469 — — Income from discontinued operations, before income taxes — 6,346 — — Income tax benefit - discontinued operations — 2,411 — — Net income from discontinued operations $ — $ 3,935 $ — $ —

Basis of Presentation Recent Ac

Basis of Presentation Recent Accounting Pronouncements (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2017	Sep. 30, 2016	Sep. 30, 2017	Sep. 30, 2016
Net Income	$ 2,318	$ 2,310	$ 6,152	$ 10,605
Pro Forma | Accounting Standards Update 2016-01
Net Income			$ 419

Investment Securities - Held-to

Investment Securities - Held-to-maturity (Details) - USD ($)	3 Months Ended			9 Months Ended
	Sep. 30, 2017	Sep. 30, 2016	Mar. 31, 2016	Sep. 30, 2017	Sep. 30, 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	$ 0	$ 1,800,000	$ 0	$ 1,825,000
Held-to-maturity securities	$ 0			$ 0		$ 0

Investment Securities - Availab

Investment Securities - Available-for-sale (Details) - USD ($) $ in Thousands	Sep. 30, 2017	Dec. 31, 2016
Amortized cost and fair values of investment securities available-for-sale
Amortized Cost	$ 187,310	$ 165,032
Unrealized Gain	1,832	1,146
Unrealized Loss	(1,794)	(3,810)
Fair Value	187,348	162,368
Total debt securities
Amortized cost and fair values of investment securities available-for-sale
Amortized Cost	172,319	157,389
Unrealized Gain	1,207	765
Unrealized Loss	(1,794)	(3,810)
Fair Value	171,732	154,344
U. S. Agency securities
Amortized cost and fair values of investment securities available-for-sale
Amortized Cost	55,895	29,234
Unrealized Gain	69	7
Unrealized Loss	(347)	(425)
Fair Value	55,617	28,816
U.S. Sponsored Mortgage-backed securities
Amortized cost and fair values of investment securities available-for-sale
Amortized Cost	55,602	56,080
Unrealized Gain	61	14
Unrealized Loss	(944)	(1,362)
Fair Value	54,719	54,732
Municipal securities
Amortized cost and fair values of investment securities available-for-sale
Amortized Cost	60,822	72,075
Unrealized Gain	1,077	744
Unrealized Loss	(503)	(2,023)
Fair Value	61,396	70,796
Equity and other securities
Amortized cost and fair values of investment securities available-for-sale
Amortized Cost	14,991	7,643
Unrealized Gain	625	381
Unrealized Loss	0	0
Fair Value	$ 15,616	$ 8,024

Investment Securities - Summary

Investment Securities - Summary of Maturities (Details) $ in Thousands	Sep. 30, 2017USD ($)
Available for sale, Amortized Cost
Within one year	$ 300
After one year, but within five	13,311
After five years, but within ten	32,703
After ten years	126,005
Total	172,319
Available for sale, Fair Value
Within one year	301
After one year, but within five	13,768
After five years, but within ten	32,449
After ten years	125,214
Total	171,732
Carrying value of investment securities pledged	$ 76,000

Investment Securities - Summa35

Investment Securities - Summary of Unrealized Loss Positions (Details)	3 Months Ended		9 Months Ended
	Sep. 30, 2017USD ($)security	Sep. 30, 2016USD ($)	Sep. 30, 2017USD ($)security	Sep. 30, 2016USD ($)	Dec. 31, 2016USD ($)security
Investments in an unrealized loss position
Amount of pretax loss if securities in an unrealized loss position are sold	$ 1,800,000		$ 1,800,000
Investments in an Unrealized Loss Position
Less than 12 months, fair value	56,353,000		56,353,000		$ 104,750,000
Less than 12 months, unrealized loss	(567,000)		(567,000)		(3,488,000)
12 months or more, fair value	52,848,000		52,848,000		13,919,000
12 months or more, unrealized loss	(1,227,000)		(1,227,000)		$ (322,000)
Available-for-sale Securities
Available-for-sale investments sold	19,000,000	$ 15,700,000	52,108,000	$ 55,191,000
Gains on the sale of available-for-sale investments	111,000	479,000	827,000	1,100,000
Losses on the sale of available-for-sale investments	6,000	0	372,000	2,000
Held-to-maturity Securities
Sales of investment securities	$ 0	$ 0	$ 0	$ 0
U. S. Agency securities
Investments in an unrealized loss position
Number of investments in an unrealized loss position | security	23		23		16
Investments in an Unrealized Loss Position
Less than 12 months, fair value	$ 29,921,000		$ 29,921,000		$ 28,814,000
Less than 12 months, unrealized loss	(206,000)		(206,000)		(425,000)
12 months or more, fair value	6,859,000		6,859,000		0
12 months or more, unrealized loss	$ (141,000)		$ (141,000)		$ 0
U.S. Sponsored Mortgage-backed securities
Investments in an unrealized loss position
Number of investments in an unrealized loss position | security	33		33		29
Investments in an Unrealized Loss Position
Less than 12 months, fair value	$ 19,186,000		$ 19,186,000		$ 33,209,000
Less than 12 months, unrealized loss	(287,000)		(287,000)		(1,040,000)
12 months or more, fair value	27,400,000		27,400,000		13,919,000
12 months or more, unrealized loss	$ (657,000)		$ (657,000)		$ (322,000)
Municipal securities
Investments in an unrealized loss position
Number of investments in an unrealized loss position | security	48		48		86
Investments in an Unrealized Loss Position
Less than 12 months, fair value	$ 7,246,000		$ 7,246,000		$ 42,727,000
Less than 12 months, unrealized loss	(74,000)		(74,000)		(2,023,000)
12 months or more, fair value	18,589,000		18,589,000		0
12 months or more, unrealized loss	$ (429,000)		$ (429,000)		$ 0
Equity and other securities
Investments in an unrealized loss position
Number of investments in an unrealized loss position | security	0		0
Investments in an Unrealized Loss Position
Less than 12 months, fair value	$ 0		$ 0
Less than 12 months, unrealized loss	0		0
12 months or more, fair value	0		0
12 months or more, unrealized loss	$ 0		$ 0

Loans and Allowance for Loan 36

Loans and Allowance for Loan Losses - Narrative (Details)	1 Months Ended	3 Months Ended		9 Months Ended		12 Months Ended	45 Months Ended
	Dec. 31, 2013USD ($)	Sep. 30, 2017USD ($)contractpropertymethodcomponent	Sep. 30, 2016USD ($)contract	Sep. 30, 2017USD ($)contractpropertycategorymethodcomponentloanquarter	Sep. 30, 2016USD ($)contract	Dec. 31, 2016USD ($)	Sep. 30, 2017USD ($)propertymethodcomponent
Financing Receivable, Impaired [Line Items]
Net deferred fees		$ 667,000	$ 796,000	$ 667,000	$ 796,000		$ 667,000
Allowance for loan losses, number of evaluation components | component		2		2			2
Increase (decrease) in allowance for loan losses				$ 168,000
Number of rolling quarters utilized in charge-off factor calculation | quarter				12
Liability for unfunded commitments		$ 284,000		$ 284,000		$ 284,000,000	$ 284,000
Total valuation methods used on impaired loans | method		3		3			3
Impaired loans, identified during the period				$ 3,000,000
Impaired loans, principal curtailment				752,000
Impaired loans, partial charge-offs				395,000
Impaired loans, reclassification to other real estate				1,000,000
Impaired loans, reclassification to performing loans				$ 150,000
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			$ 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
Number of Contracts | contract		1		1
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		$ 19,900,000		$ 19,900,000		$ 20,500,000	19,900,000
Loans acquired, outstanding balance, decrease							54,400,000
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							7,100,000
Loans acquired, principal paydowns							$ 7,500,000
Loans acquired, remaining portfolio, weighted average yield		5.46%		5.46%			5.46%
Residential
Financing Receivable, Impaired [Line Items]
Concentration risk, percentage				56.00%
Number foreclosed properties held | property		9		9			9
Foreclosed properties held		$ 777,000		$ 777,000			$ 777,000
Consumer
Financing Receivable, Impaired [Line Items]
Number of additional collateralized loans in the process of foreclosure | loan				5
Investment in loans in the process of foreclosure		378,000		$ 378,000			378,000
Investment in loans in the process of foreclosure, related allowance		$ 0		0			$ 0
Total Recorded Investment In Impaired Financing Receivables | Credit Concentration Risk
Financing Receivable, Impaired [Line Items]
Decrease in impaired loans				$ 573,000
Concentration risk, percentage				4.70%
Troubled Debt Restructured Loans
Financing Receivable, Impaired [Line Items]
Number of Contracts | contract			0		0
Troubled Debt Restructured Loans | Portfolio Risk | Accruing
Financing Receivable, Impaired [Line Items]
Concentration risk, percentage				48.00%		49.00%
Troubled Debt Restructured Loans | Portfolio Risk | Commercial | Accruing
Financing Receivable, Impaired [Line Items]
Number of Contracts | contract		1		1
Troubled Debt Restructured Loans | Portfolio Risk | Commercial | Accruing | Acquisition & Development
Financing Receivable, Impaired [Line Items]
Number of Contracts | contract		0		0
Troubled Debt Restructured Loans | Portfolio Risk | Residential | Accruing
Financing Receivable, Impaired [Line Items]
Number of Contracts | contract		0		0
Troubled Debt Restructured Loans | Portfolio Risk | Consumer | Accruing
Financing Receivable, Impaired [Line Items]
Number of Contracts | contract		0		0

Loans and Allowance for Loan 37

Loans and Allowance for Loan Losses - Allowance (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2017	Sep. 30, 2016	Sep. 30, 2017	Sep. 30, 2016
Activity in the allowance for loan losses:
Individually evaluated for impairment	$ 421	$ 1,346	$ 421	$ 1,346
Collectively evaluated for impairment	8,975	7,804	8,975	7,804
Changes in the allowance for loan losses
Balance at beginning of period	9,748	9,091	9,101	8,006
Charge-offs	(472)	(1,018)	(925)	(1,844)
Recoveries	24	2	83	13
Provision	96	1,075	1,137	2,975
Balance at end of period	9,396	9,150	9,396	9,150
Commercial
Activity in the allowance for loan losses:
Individually evaluated for impairment	420	1,288	420	1,288
Collectively evaluated for impairment	6,884	5,868	6,884	5,868
Changes in the allowance for loan losses
Balance at beginning of period	7,723	6,956	7,181	6,066
Charge-offs	(382)	(768)	(645)	(1,448)
Recoveries	1	1	22	3
Provision	(38)	967	746	2,535
Balance at end of period	7,304	7,156	7,304	7,156
Residential
Activity in the allowance for loan losses:
Individually evaluated for impairment	0	38	0	38
Collectively evaluated for impairment	1,044	985	1,044	985
Changes in the allowance for loan losses
Balance at beginning of period	992	1,011	990	1,095
Charge-offs	0	0	(141)	(124)
Recoveries	6	1	40	2
Provision	46	11	155	50
Balance at end of period	1,044	1,023	1,044	1,023
Home Equity
Activity in the allowance for loan losses:
Individually evaluated for impairment	1	0	1	0
Collectively evaluated for impairment	788	760	788	760
Changes in the allowance for loan losses
Balance at beginning of period	777	758	728	715
Charge-offs	0	0	(33)	0
Recoveries	1	0	3	7
Provision	11	2	91	38
Balance at end of period	789	760	789	760
Consumer
Activity in the allowance for loan losses:
Individually evaluated for impairment	0	20	0	20
Collectively evaluated for impairment	259	191	259	191
Changes in the allowance for loan losses
Balance at beginning of period	256	366	202	130
Charge-offs	(90)	(250)	(106)	(272)
Recoveries	16	0	18	1
Provision	77	95	145	352
Balance at end of period	$ 259	$ 211	$ 259	$ 211

Loans and Allowance for Loan 38

Loans and Allowance for Loan Losses - Primary Segments (Details) - USD ($) $ in Thousands	Sep. 30, 2017	Dec. 31, 2016	Sep. 30, 2016
Primary segments of the loan portfolio:
Individually evaluated for impairment	$ 12,387		$ 11,787
Collectively evaluated for impairment	1,082,080		1,064,286
Total Loans	1,094,467	$ 1,052,865	1,076,073
Commercial
Primary segments of the loan portfolio:
Individually evaluated for impairment	10,457		10,922
Collectively evaluated for impairment	772,406		739,122
Total Loans	782,863	757,516	750,044
Residential
Primary segments of the loan portfolio:
Individually evaluated for impairment	1,166		673
Collectively evaluated for impairment	233,070		242,814
Total Loans	234,236	215,452	243,487
Home Equity
Primary segments of the loan portfolio:
Individually evaluated for impairment	581		51
Collectively evaluated for impairment	63,692		67,788
Total Loans	64,273	65,386	67,839
Consumer
Primary segments of the loan portfolio:
Individually evaluated for impairment	183		141
Collectively evaluated for impairment	12,912		14,562
Total Loans	$ 13,095	$ 14,511	$ 14,703

Loans and Allowance for Loan 39

Loans and Allowance for Loan Losses - Impaired Loans (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2017	Sep. 30, 2016	Sep. 30, 2017	Sep. 30, 2016	Dec. 31, 2016
Impaired loans by class
Impaired loans with specific allowance, recorded investment	$ 6,531		$ 6,531		$ 3,882
Impaired loans with specific allowance, related allowance	421		421		543
Impaired loans with no specific allowance, recorded investment	5,856		5,856		8,270
Total impaired loans, recorded investment	12,387		12,387		12,152
Total impaired loans, unpaid principal balance	14,646		14,646		15,423
Average recorded investment in impaired loans and related interest income recognized
Average Investment in Impaired Loans	12,356	$ 15,604	12,155	$ 12,430
Interest Income Recognized on Accrual Basis	68	74	207	223
Interest Income Recognized on Cash Basis	74	76	216	211
Commercial
Impaired loans by class
Impaired loans with specific allowance, recorded investment	6,026		6,026		3,021
Impaired loans with specific allowance, related allowance	420		420		376
Impaired loans with no specific allowance, recorded investment	4,431		4,431		7,760
Total impaired loans, recorded investment	10,457		10,457		10,781
Total impaired loans, unpaid principal balance	12,354		12,354		13,837
Average recorded investment in impaired loans and related interest income recognized
Average Investment in Impaired Loans	10,272	14,552	9,923	11,231
Interest Income Recognized on Accrual Basis	66	69	198	207
Interest Income Recognized on Cash Basis	54	68	171	188
Commercial | Commercial Business
Impaired loans by class
Impaired loans with specific allowance, recorded investment	3,501		3,501		0
Impaired loans with specific allowance, related allowance	91		91		0
Impaired loans with no specific allowance, recorded investment	335		335		3,342
Total impaired loans, recorded investment	3,836		3,836		3,342
Total impaired loans, unpaid principal balance	3,837		3,837		4,102
Average recorded investment in impaired loans and related interest income recognized
Average Investment in Impaired Loans	3,720	4,730	3,479	4,296
Interest Income Recognized on Accrual Basis	39	39	116	116
Interest Income Recognized on Cash Basis	27	40	87	104
Commercial | Commercial Real Estate
Impaired loans by class
Impaired loans with specific allowance, recorded investment	1,442		1,442		2,757
Impaired loans with specific allowance, related allowance	242		242		302
Impaired loans with no specific allowance, recorded investment	1,477		1,477		892
Total impaired loans, recorded investment	2,919		2,919		3,649
Total impaired loans, unpaid principal balance	2,946		2,946		3,676
Average recorded investment in impaired loans and related interest income recognized
Average Investment in Impaired Loans	2,915	6,864	2,783	5,008
Interest Income Recognized on Accrual Basis	25	28	75	84
Interest Income Recognized on Cash Basis	24	25	74	75
Commercial | Acquisition & Development
Impaired loans by class
Impaired loans with specific allowance, recorded investment	1,083		1,083		264
Impaired loans with specific allowance, related allowance	87		87		74
Impaired loans with no specific allowance, recorded investment	2,619		2,619		3,526
Total impaired loans, recorded investment	3,702		3,702		3,790
Total impaired loans, unpaid principal balance	5,571		5,571		6,059
Average recorded investment in impaired loans and related interest income recognized
Average Investment in Impaired Loans	3,637	2,958	3,661	1,927
Interest Income Recognized on Accrual Basis	2	2	7	7
Interest Income Recognized on Cash Basis	3	3	10	9
Residential
Impaired loans by class
Impaired loans with specific allowance, recorded investment	0		0		783
Impaired loans with specific allowance, related allowance	0		0		122
Impaired loans with no specific allowance, recorded investment	1,166		1,166		378
Total impaired loans, recorded investment	1,166		1,166		1,161
Total impaired loans, unpaid principal balance	1,227		1,227		1,166
Average recorded investment in impaired loans and related interest income recognized
Average Investment in Impaired Loans	1,256	731	1,402	885
Interest Income Recognized on Accrual Basis	2	5	8	15
Interest Income Recognized on Cash Basis	20	8	44	22
Home Equity
Impaired loans by class
Impaired loans with specific allowance, recorded investment	505		505		62
Impaired loans with specific allowance, related allowance	1		1		36
Impaired loans with no specific allowance, recorded investment	76		76		70
Total impaired loans, recorded investment	581		581		132
Total impaired loans, unpaid principal balance	590		590		135
Average recorded investment in impaired loans and related interest income recognized
Average Investment in Impaired Loans	644	35	641	30
Interest Income Recognized on Accrual Basis	0	0	1	1
Interest Income Recognized on Cash Basis	0	0	1	1
Consumer
Impaired loans by class
Impaired loans with specific allowance, recorded investment	0		0		16
Impaired loans with specific allowance, related allowance	0		0		9
Impaired loans with no specific allowance, recorded investment	183		183		62
Total impaired loans, recorded investment	183		183		78
Total impaired loans, unpaid principal balance	475		475		$ 285
Average recorded investment in impaired loans and related interest income recognized
Average Investment in Impaired Loans	184	286	189	284
Interest Income Recognized on Accrual Basis	0	0	0	0
Interest Income Recognized on Cash Basis	$ 0	$ 0	$ 0	$ 0

Loans and Allowance for Loan 40

Loans and Allowance for Loan Losses - Internal Risk Rating Summary (Details) - USD ($) $ in Thousands	Sep. 30, 2017	Dec. 31, 2016	Sep. 30, 2016
Classes of the loan portfolio summarized by credit quality indicators:
Total loans	$ 1,094,467	$ 1,052,865	$ 1,076,073
Commercial
Classes of the loan portfolio summarized by credit quality indicators:
Total loans	782,863	757,516	750,044
Commercial | Commercial Business
Classes of the loan portfolio summarized by credit quality indicators:
Total loans	365,710	387,466
Commercial | Commercial Real Estate
Classes of the loan portfolio summarized by credit quality indicators:
Total loans	297,603	271,460
Commercial | Acquisition & Development
Classes of the loan portfolio summarized by credit quality indicators:
Total loans	119,550	98,590
Residential
Classes of the loan portfolio summarized by credit quality indicators:
Total loans	234,236	215,452	243,487
Home Equity
Classes of the loan portfolio summarized by credit quality indicators:
Total loans	64,273	65,386	67,839
Consumer
Classes of the loan portfolio summarized by credit quality indicators:
Total loans	13,095	14,511	$ 14,703
Pass
Classes of the loan portfolio summarized by credit quality indicators:
Total loans	1,043,783	1,001,066
Pass | Commercial
Classes of the loan portfolio summarized by credit quality indicators:
Total loans	736,493	709,357
Pass | Commercial | Commercial Business
Classes of the loan portfolio summarized by credit quality indicators:
Total loans	356,809	377,631
Pass | Commercial | Commercial Real Estate
Classes of the loan portfolio summarized by credit quality indicators:
Total loans	266,798	240,851
Pass | Commercial | Acquisition & Development
Classes of the loan portfolio summarized by credit quality indicators:
Total loans	112,886	90,875
Pass | Residential
Classes of the loan portfolio summarized by credit quality indicators:
Total loans	231,434	212,869
Pass | Home Equity
Classes of the loan portfolio summarized by credit quality indicators:
Total loans	63,102	64,706
Pass | Consumer
Classes of the loan portfolio summarized by credit quality indicators:
Total loans	12,754	14,134
Special Mention
Classes of the loan portfolio summarized by credit quality indicators:
Total loans	32,003	33,726
Special Mention | Commercial
Classes of the loan portfolio summarized by credit quality indicators:
Total loans	28,486	31,178
Special Mention | Commercial | Commercial Business
Classes of the loan portfolio summarized by credit quality indicators:
Total loans	4,348	2,933
Special Mention | Commercial | Commercial Real Estate
Classes of the loan portfolio summarized by credit quality indicators:
Total loans	23,198	26,340
Special Mention | Commercial | Acquisition & Development
Classes of the loan portfolio summarized by credit quality indicators:
Total loans	940	1,905
Special Mention | Residential
Classes of the loan portfolio summarized by credit quality indicators:
Total loans	2,291	1,664
Special Mention | Home Equity
Classes of the loan portfolio summarized by credit quality indicators:
Total loans	1,043	582
Special Mention | Consumer
Classes of the loan portfolio summarized by credit quality indicators:
Total loans	183	302
Substandard
Classes of the loan portfolio summarized by credit quality indicators:
Total loans	15,949	13,847
Substandard | Commercial
Classes of the loan portfolio summarized by credit quality indicators:
Total loans	15,563	12,949
Substandard | Commercial | Commercial Business
Classes of the loan portfolio summarized by credit quality indicators:
Total loans	4,553	6,833
Substandard | Commercial | Commercial Real Estate
Classes of the loan portfolio summarized by credit quality indicators:
Total loans	7,607	3,532
Substandard | Commercial | Acquisition & Development
Classes of the loan portfolio summarized by credit quality indicators:
Total loans	3,403	2,584
Substandard | Residential
Classes of the loan portfolio summarized by credit quality indicators:
Total loans	231	787
Substandard | Home Equity
Classes of the loan portfolio summarized by credit quality indicators:
Total loans	128	98
Substandard | Consumer
Classes of the loan portfolio summarized by credit quality indicators:
Total loans	27	13
Doubtful
Classes of the loan portfolio summarized by credit quality indicators:
Total loans	2,732	4,226
Doubtful | Commercial
Classes of the loan portfolio summarized by credit quality indicators:
Total loans	2,321	4,032
Doubtful | Commercial | Commercial Business
Classes of the loan portfolio summarized by credit quality indicators:
Total loans	0	69
Doubtful | Commercial | Commercial Real Estate
Classes of the loan portfolio summarized by credit quality indicators:
Total loans	0	737
Doubtful | Commercial | Acquisition & Development
Classes of the loan portfolio summarized by credit quality indicators:
Total loans	2,321	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	$ 131	$ 62

Loans and Allowance for Loan 41

Loans and Allowance for Loan Losses - Aging (Details) - USD ($) $ in Thousands	Sep. 30, 2017	Dec. 31, 2016	Sep. 30, 2016
Aging categories of performing loans and nonaccrual loans
Current	$ 1,087,753	$ 1,045,208
Total Past Due	6,714	7,657
Total Loans	1,094,467	1,052,865	$ 1,076,073
Non-Accrual	6,559	6,229
90 Plus Days Still Accruing	0	0
Commercial
Aging categories of performing loans and nonaccrual loans
Current	777,072	753,561
Total Past Due	5,791	3,955
Total Loans	782,863	757,516	750,044
Non-Accrual	4,711	4,975
90 Plus Days Still Accruing	0	0
Commercial | Commercial Business
Aging categories of performing loans and nonaccrual loans
Current	362,942	387,208
Total Past Due	2,768	258
Total Loans	365,710	387,466
Non-Accrual	577	74
90 Plus Days Still Accruing	0	0
Commercial | Commercial Real Estate
Aging categories of performing loans and nonaccrual loans
Current	297,132	270,339
Total Past Due	471	1,121
Total Loans	297,603	271,460
Non-Accrual	693	1,375
90 Plus Days Still Accruing	0	0
Commercial | Acquisition & Development
Aging categories of performing loans and nonaccrual loans
Current	116,998	96,014
Total Past Due	2,552	2,576
Total Loans	119,550	98,590
Non-Accrual	3,441	3,526
90 Plus Days Still Accruing	0	0
Residential
Aging categories of performing loans and nonaccrual loans
Current	233,554	212,502
Total Past Due	682	2,950
Total Loans	234,236	215,452	243,487
Non-Accrual	1,084	1,072
90 Plus Days Still Accruing	0	0
Home Equity
Aging categories of performing loans and nonaccrual loans
Current	64,184	64,791
Total Past Due	89	595
Total Loans	64,273	65,386	67,839
Non-Accrual	581	104
90 Plus Days Still Accruing	0	0
Consumer
Aging categories of performing loans and nonaccrual loans
Current	12,943	14,354
Total Past Due	152	157
Total Loans	13,095	14,511	$ 14,703
Non-Accrual	183	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	1,536	2,891
Financing Receivables, 30 to 59 Days Past Due | Commercial
Aging categories of performing loans and nonaccrual loans
Total Past Due	1,468	244
Financing Receivables, 30 to 59 Days Past Due | Commercial | Commercial Business
Aging categories of performing loans and nonaccrual loans
Total Past Due	1,468	15
Financing Receivables, 30 to 59 Days Past Due | Commercial | Commercial Real Estate
Aging categories of performing loans and nonaccrual loans
Total Past Due	0	229
Financing Receivables, 30 to 59 Days Past Due | Commercial | Acquisition & Development
Aging categories of performing loans and nonaccrual loans
Total Past Due	0	0
Financing Receivables, 30 to 59 Days Past Due | Residential
Aging categories of performing loans and nonaccrual loans
Total Past Due	41	2,067
Financing Receivables, 30 to 59 Days Past Due | Home Equity
Aging categories of performing loans and nonaccrual loans
Total Past Due	13	525
Financing Receivables, 30 to 59 Days Past Due | Consumer
Aging categories of performing loans and nonaccrual loans
Total Past Due	14	55
Financing Receivables, 60 to 89 Days Past Due
Aging categories of performing loans and nonaccrual loans
Total Past Due	1,237	622
Financing Receivables, 60 to 89 Days Past Due | Commercial
Aging categories of performing loans and nonaccrual loans
Total Past Due	990	169
Financing Receivables, 60 to 89 Days Past Due | Commercial | Commercial Business
Aging categories of performing loans and nonaccrual loans
Total Past Due	958	169
Financing Receivables, 60 to 89 Days Past Due | Commercial | Commercial Real Estate
Aging categories of performing loans and nonaccrual loans
Total Past Due	32	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	247	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	0	34
Financing Receivables, Equal to Greater than 90 Days Past Due
Aging categories of performing loans and nonaccrual loans
Total Past Due	3,941	4,144
Financing Receivables, Equal to Greater than 90 Days Past Due | Commercial
Aging categories of performing loans and nonaccrual loans
Total Past Due	3,333	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	342	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	439	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	2,552	2,576
Financing Receivables, Equal to Greater than 90 Days Past Due | Residential
Aging categories of performing loans and nonaccrual loans
Total Past Due	394	464
Financing Receivables, Equal to Greater than 90 Days Past Due | Home Equity
Aging categories of performing loans and nonaccrual loans
Total Past Due	76	70
Financing Receivables, Equal to Greater than 90 Days Past Due | Consumer
Aging categories of performing loans and nonaccrual loans
Total Past Due	$ 138	$ 68

Loans and Allowance for Loan 42

Loans and Allowance for Loan Losses - Troubled Debt Restructurings (Details) $ in Thousands	3 Months Ended		9 Months Ended		12 Months Ended
	Sep. 30, 2017USD ($)contractloan	Sep. 30, 2016contract	Sep. 30, 2017USD ($)contractloan	Sep. 30, 2016contract	Dec. 31, 2016USD ($)
Details related to loans identified as Troubled Debt Restructurings (TDRs):
Specific reserve allocations for TDR's	$ 254		$ 254		$ 348
Troubled debt restructuring loans	$ 8,000		$ 8,000		8,800
Number of additional restructured loans | loan			2
Number of loans to defaulted borrowers | loan	0
Number of Contracts | contract	1		1
Pre-Modification Outstanding Recorded Investment	$ 147		$ 147
Post-Modification Outstanding Recorded Investment	147		147
Commercial
Details related to loans identified as Troubled Debt Restructurings (TDRs):
Troubled debt restructuring loans	147		$ 147
Residential
Details related to loans identified as Troubled Debt Restructurings (TDRs):
Concentration risk, percentage			56.00%
Borrower One | Acquisition & Development
Details related to loans identified as Troubled Debt Restructurings (TDRs):
Loans defaulted under the restructured terms			$ 1,700		1,700
Accruing
Details related to loans identified as Troubled Debt Restructurings (TDRs):
Troubled debt restructuring loans	$ 6,200		$ 6,200		$ 5,900
Troubled Debt Restructured Loans
Details related to loans identified as Troubled Debt Restructurings (TDRs):
Number of Contracts | contract		0		0
Portfolio Risk | Troubled Debt Restructured Loans | Accruing
Details related to loans identified as Troubled Debt Restructurings (TDRs):
Concentration risk, percentage			48.00%		49.00%
Portfolio Risk | Troubled Debt Restructured Loans | Accruing | Commercial
Details related to loans identified as Troubled Debt Restructurings (TDRs):
Number of Contracts | contract	1		1
Pre-Modification Outstanding Recorded Investment	$ 147		$ 147
Post-Modification Outstanding Recorded Investment	$ 147		$ 147
Portfolio Risk | Troubled Debt Restructured Loans | Accruing | Commercial | Commercial Business
Details related to loans identified as Troubled Debt Restructurings (TDRs):
Number of Contracts | contract	1		1
Pre-Modification Outstanding Recorded Investment	$ 147		$ 147
Post-Modification Outstanding Recorded Investment	$ 147		$ 147
Portfolio Risk | Troubled Debt Restructured Loans | Accruing | Commercial | Commercial Real Estate
Details related to loans identified as Troubled Debt Restructurings (TDRs):
Number of Contracts | contract	0		0
Pre-Modification Outstanding Recorded Investment	$ 0		$ 0
Post-Modification Outstanding Recorded Investment	$ 0		$ 0
Portfolio Risk | Troubled Debt Restructured Loans | Accruing | Commercial | Acquisition & Development
Details related to loans identified as Troubled Debt Restructurings (TDRs):
Number of Contracts | contract	0		0
Pre-Modification Outstanding Recorded Investment	$ 0		$ 0
Post-Modification Outstanding Recorded Investment	$ 0		$ 0
Portfolio Risk | Troubled Debt Restructured Loans | Accruing | Residential
Details related to loans identified as Troubled Debt Restructurings (TDRs):
Number of Contracts | contract	0		0
Pre-Modification Outstanding Recorded Investment	$ 0		$ 0
Post-Modification Outstanding Recorded Investment	$ 0		$ 0
Portfolio Risk | Troubled Debt Restructured Loans | Accruing | Home Equity
Details related to loans identified as Troubled Debt Restructurings (TDRs):
Number of Contracts | contract	0		0
Pre-Modification Outstanding Recorded Investment	$ 0		$ 0
Post-Modification Outstanding Recorded Investment	$ 0		$ 0
Portfolio Risk | Troubled Debt Restructured Loans | Accruing | Consumer
Details related to loans identified as Troubled Debt Restructurings (TDRs):
Number of Contracts | contract	0		0
Pre-Modification Outstanding Recorded Investment	$ 0		$ 0
Post-Modification Outstanding Recorded Investment	$ 0		$ 0

Borrowed Funds - Short-term Bor

Borrowed Funds - Short-term Borrowings and Repurchase Agreements (Details) - USD ($) $ in Thousands	9 Months Ended	12 Months Ended
	Sep. 30, 2017	Dec. 31, 2016
Short-term Borrowings from FHLB
Short-term Borrowings and Repurchase Agreements
Balance at end of period	$ 81,810	$ 87,733
Average balance during the period	121,199	137,822
Maximum month-end balance	$ 220,097	$ 210,600
Weighted-average rate during the year	1.25%	0.51%
Weighted-average rate at end of period	1.27%	0.74%
Investment Securities
Short-term Borrowings and Repurchase Agreements
Investment securities held as collateral	$ 25,800	$ 26,000
Repurchase Agreements
Short-term Borrowings and Repurchase Agreements
Balance at end of period	25,045	25,160
Average balance during the period	25,096	27,066
Maximum month-end balance	$ 25,814	$ 29,561
Weighted-average rate during the year	0.30%	0.27%
Weighted-average rate at end of period	0.30%	0.28%

Borrowed Funds - Term Notes fro

Borrowed Funds - Term Notes from the FHLB (Details) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2017	Dec. 31, 2016
Borrowed funds
Long-term notes from the FHLB	$ 2,593	$ 3,188
Fixed interest rate notes, originating between October 2006 and April 2007, due between October 2021 and April 2022, interest of between 5.18% and 5.20% payable monthly
Borrowed funds
Long-term notes from the FHLB	$ 1,812	2,390
Fixed interest rate notes, originating between October 2006 and April 2007, due between October 2021 and April 2022, interest of between 5.18% and 5.20% payable monthly | Minimum
Borrowed funds
Interest rate on debt security	5.18%
Fixed interest rate notes, originating between October 2006 and April 2007, due between October 2021 and April 2022, interest of between 5.18% and 5.20% payable monthly | Maximum
Borrowed funds
Interest rate on debt security	5.20%
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	$ 781	$ 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	Sep. 30, 2017	Sep. 30, 2016	Sep. 30, 2017	Sep. 30, 2016	Dec. 31, 2016
Subordinated Debt
Balance at end of period			$ 33,524,000		$ 33,524,000		$ 33,524,000
Interest expense on borrowed funds			565,000	$ 559,000	1,674,000	$ 1,664,000
Subordinated Debt
Subordinated Debt
Balance at end of period			$ 33,524,000		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					6.74%		6.64%
Weighted-average rate at end of period			6.67%		6.67%		6.63%
Interest expense on borrowed funds					$ 1,700,000	$ 1,700,000
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	Sep. 30, 2017USD ($)
Maturities of Borrowings and Subordinated Debt
2,017	$ 81,849
2,018	81
2,019	85
2,020	90
2,021	879
Thereafter	34,943
Total	$ 117,927

Fair Value of Financial Instr47

Fair Value of Financial Instruments - Assets and Liabilities Measured at Fair Value on Recurring Basis (Details) - USD ($) $ in Thousands	Sep. 30, 2017	Dec. 31, 2016
Fair value of assets and liabilities
Investment Securities available-for-sale	$ 187,348	$ 162,368
U.S. Government Agency securities
Fair value of assets and liabilities
Investment Securities available-for-sale	55,617	28,816
U.S. Sponsored Mortgage-backed securities
Fair value of assets and liabilities
Investment Securities available-for-sale	54,719	54,732
Equity and other securities
Fair value of assets and liabilities
Investment Securities available-for-sale	15,616	8,024
Recurring
Fair value of assets and liabilities
Loans held for sale	69,057	90,174
Recurring | Level II
Fair value of assets and liabilities
Loans held for sale	69,057	90,174
Recurring | Interest rate lock commitment
Fair value of assets and liabilities
Derivative asset	1,849	1,546
Recurring | Interest rate lock commitment | Level III
Fair value of assets and liabilities
Derivative asset	1,849	1,546
Recurring | Mortgage-backed security hedges
Fair value of assets and liabilities
Derivative asset	12	372
Recurring | Mortgage-backed security hedges | Level II
Fair value of assets and liabilities
Derivative asset	12	372
Recurring | Interest rate swap
Fair value of assets and liabilities
Derivative asset	111	250
Derivative liability	111	250
Recurring | Interest rate swap | Level II
Fair value of assets and liabilities
Derivative asset	111	250
Derivative liability	111	250
Recurring | Interest rate cap
Fair value of assets and liabilities
Derivative asset	34	268
Recurring | Interest rate cap | Level II
Fair value of assets and liabilities
Derivative asset	34	268
Recurring | U.S. Government Agency securities
Fair value of assets and liabilities
Investment Securities available-for-sale	55,617	28,816
Recurring | U.S. Government Agency securities | Level II
Fair value of assets and liabilities
Investment Securities available-for-sale	55,617	28,816
Recurring | U.S. Sponsored Mortgage-backed securities
Fair value of assets and liabilities
Investment Securities available-for-sale	54,719	54,732
Recurring | U.S. Sponsored Mortgage-backed securities | Level II
Fair value of assets and liabilities
Investment Securities available-for-sale	54,719	54,732
Recurring | Municipal securities
Fair value of assets and liabilities
Investment Securities available-for-sale	61,396	70,796
Recurring | Municipal securities | Level II
Fair value of assets and liabilities
Investment Securities available-for-sale	61,396	70,796
Recurring | Equity and other securities
Fair value of assets and liabilities
Investment Securities available-for-sale	15,616	8,024
Recurring | Equity and other securities | Level I
Fair value of assets and liabilities
Investment Securities available-for-sale	2,333	897
Recurring | Equity and other securities | Level II
Fair value of assets and liabilities
Investment Securities available-for-sale	$ 13,283	$ 7,127

Fair Value of Financial Instr48

Fair Value of Financial Instruments - Recurring Level III Assets (Details) - Interest rate lock commitment - Level III - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2017	Sep. 30, 2016	Sep. 30, 2017	Sep. 30, 2016
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Balance, beginning of period	$ 2,094	$ 3,625	$ 1,546	$ 1,583
Realized and unrealized gains included in earnings	(245)	(474)	303	1,568
Balance, end of period	$ 1,849	$ 3,151	$ 1,849	$ 3,151

Fair Value of Financial Instr49

Fair Value of Financial Instruments - Assets Measured at Fair Value on Nonrecurring Basis (Details) - Non-recurring - USD ($) $ in Thousands	Sep. 30, 2017	Dec. 31, 2016
Impaired loans
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets, fair value	$ 11,966	$ 11,609
Impaired loans | Level III
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets, fair value	11,966	11,609
Other real estate owned
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets, fair value	1,387	414
Other real estate owned | Level III
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets, fair value	$ 1,387	$ 414

Fair Value of Financial Instr50

Fair Value of Financial Instruments - Quantitative Information About Level III Significant Unobservable Inputs (Details) - USD ($) $ in Thousands	Sep. 30, 2017	Dec. 31, 2016
Non-recurring | Impaired loans
Quantitative Information about Level III Fair Value Measurements
Fair value	$ 11,966	$ 11,609
Non-recurring | Impaired loans | Level III
Quantitative Information about Level III Fair Value Measurements
Fair value	$ 11,966	$ 11,609
Non-recurring | Impaired loans | Appraisal of collateral | Level III | Minimum
Unobservable Input
Appraisal adjustments, percentage	20.00%	20.00%
Liquidation expense, percentage	5.00%	5.00%
Non-recurring | Impaired loans | Appraisal of collateral | Level III | Maximum
Unobservable Input
Appraisal adjustments, percentage	62.00%	62.00%
Liquidation expense, percentage	10.00%	10.00%
Non-recurring | Other real estate owned
Quantitative Information about Level III Fair Value Measurements
Fair value	$ 1,387	$ 414
Non-recurring | Other real estate owned | Level III
Quantitative Information about Level III Fair Value Measurements
Fair value	$ 1,387	$ 414
Non-recurring | Other real estate owned | Appraisal of collateral | Level III | Minimum
Unobservable Input
Appraisal adjustments, percentage	20.00%	20.00%
Liquidation expense, percentage	5.00%	5.00%
Non-recurring | Other real estate owned | Appraisal of collateral | Level III | Maximum
Unobservable Input
Appraisal adjustments, percentage	30.00%	30.00%
Liquidation expense, percentage	10.00%	10.00%
Recurring | Interest rate lock commitment | Level III
Quantitative Information about Level III Fair Value Measurements
Fair value	$ 1,849	$ 1,546
Recurring | Interest rate lock commitment | Pricing model | Level III | Minimum
Unobservable Input
Pull through rates, percentage	73.00%	73.00%
Recurring | Interest rate lock commitment | Pricing model | Level III | Maximum
Unobservable Input
Pull through rates, percentage	81.00%	85.00%

Fair Value of Financial Instr51

Fair Value of Financial Instruments - Carrying Values and Estimated Fair Values (Details) - USD ($) $ in Thousands	Sep. 30, 2017	Dec. 31, 2016	Sep. 30, 2016	Dec. 31, 2015
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Cash and cash equivalents	$ 20,272	$ 17,340	$ 28,804	$ 29,133
Certificates of deposit with other banks	14,778	14,527
Investment Securities available-for-sale	187,348	162,368
FHLB and other borrowings	84,403	90,921
Carrying Value
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Cash and cash equivalents	20,272	17,340
Certificates of deposit with other banks	14,778	14,527
Investment Securities available-for-sale	187,348	162,368
Loans held for sale	69,057	90,174
Loans, net	1,085,071	1,043,764
Mortgage servicing rights	184	190
Accrued interest receivable	4,904	3,951
Deposits	1,165,199	1,107,017
Repurchase agreements	25,045	25,160
Accrued interest payable	538	741
Subordinated debt	33,524	33,524
Estimated Fair Value
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Cash and cash equivalents	20,272	17,340
Certificates of deposit with other banks	14,449	14,985
Investment Securities available-for-sale	187,348	162,368
Loans held for sale	69,057	90,174
Loans, net	1,082,593	1,035,437
Mortgage servicing rights	184	190
Accrued interest receivable	4,904	3,951
Deposits	1,131,413	1,116,174
Repurchase agreements	25,045	25,160
Accrued interest payable	538	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	20,272	17,340
Investment Securities available-for-sale	2,333	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	14,449	14,985
Investment Securities available-for-sale	185,015	161,471
Loans held for sale	69,057	90,174
Accrued interest receivable	1,224	1,002
Deposits	1,131,413	1,116,174
Repurchase agreements	25,045	25,160
Accrued interest payable	538	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]
Loans, net	1,082,593	1,035,437
Mortgage servicing rights	184	190
Accrued interest receivable	3,680	2,949
Interest rate lock commitment | Carrying Value
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Derivative asset	1,849	1,546
Interest rate lock commitment | Estimated Fair Value
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Derivative asset	1,849	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	1,849	1,546
Mortgage-backed security hedges | Carrying Value
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Derivative asset	12	372
Mortgage-backed security hedges | Estimated Fair Value
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Derivative asset	12	372
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	12	372
Interest rate swap | Carrying Value
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Derivative asset	111	250
Derivative liability	111	250
Interest rate swap | Estimated Fair Value
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Derivative asset	111	250
Derivative liability	111	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	111	250
Derivative liability	111	250
Interest rate cap | Carrying Value
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Derivative asset	34	268
Interest rate cap | Estimated Fair Value
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Derivative asset	34	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	34	268
Forward contracts | Carrying Value
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
FHLB and other borrowings	84,403	90,921
Forward contracts | Estimated Fair Value
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
FHLB and other borrowings	84,425	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	$ 84,425	$ 90,919

Stock Offerings (Details)

Stock Offerings (Details) - USD ($)

Apr. 20, 2017

Mar. 13, 2017

Jan. 05, 2017

Dec. 06, 2016

Mar. 09, 2016

Jun. 30, 2014

Sep. 08, 2011

Sep. 30, 2017

Sep. 30, 2016

Mar. 08, 2016

Mar. 10, 2017

Dec. 31, 2016

Stock offering

Proceeds from stock offering, net of issuance costs

$ 4,931,000

$ 0

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

Rights Offering

Stock offering

Number of shares into which rights may be converted (in shares)

434,783

Stock offering (in shares)

434,783

Proceeds from stock offering, net of issuance costs

$ 5,000,000

Private Placement

Stock offering

Stock offering (in shares)

1,913,044

Common stock, par value (in dollars per share)

$ 1

Sale of stock, price per share (in dollars per share)

$ 11.50

Proceeds from stock offering, gross

$ 22,000,000

Proceeds from stock offering, net of issuance costs

$ 20,500,000

Chief Executive Officer

Stock offering

Stock offering (in shares)

100,000

Chief Executive Officer | Investment Agreement

Stock offering

Stock offering (in shares)

9,001

Chief Executive Officer | Rights Offering

Stock offering

Stock offering (in shares)

90,999

Maximum | Chief Executive Officer | Investment Agreement

Stock offering

Number of shares into which rights may be converted (in shares)

100,000

Net Income Per Common Share (De

Net Income Per Common Share (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2017	Sep. 30, 2016	Sep. 30, 2017	Sep. 30, 2016
Numerator for basic earnings per share:
Net income from continuing operations	$ 2,318	$ 2,310	$ 6,152	$ 6,670
Less: Dividends on preferred stock	123	314	374	814
Net income from continuing operations available to common shareholders - basic	2,195	1,996	5,778	5,856
Net income from discontinued operations available to common shareholders - basic and diluted	0	0	0	3,935
Net income available to common shareholders	2,195	1,996	5,778	9,791
Numerator for diluted earnings per share:
Net income from continuing operations available to common shareholders - basic	2,195	1,996	5,778	5,856
Add: Dividends on convertible preferred stock	0	123	0	0
Add: Interest on subordinated debt (tax effected)	352	350	0	924
Net income available to common shareholders from continuing operations - diluted	$ 2,547	$ 2,469	$ 5,778	$ 6,780
Denominator:
Total average shares outstanding (in shares)	10,443,443	8,080,690	10,262,944	8,073,644
Effect of dilutive convertible preferred stock (in shares)	0	489,625	0	0
Effect of dilutive convertible subordinated debt (in shares)	1,837,500	1,837,500	0	1,837,500
Effect of dilutive stock options (in shares)	129,127	26,529	25,590	24,065
Total diluted average shares outstanding (in shares)	12,410,070	10,434,344	10,288,534	9,935,209
Earnings per share from continuing operations - basic (in dollars per share)	$ 0.21	$ 0.25	$ 0.56	$ 0.73
Earnings per share from discontinued operations - basic (in dollars per share)	0	0	0	0.49
Earnings per common shareholder - basic (in dollars per share)	0.21	0.25	0.56	1.22
Earnings per share from continuing operations - diluted (in dollars per share)	0.21	0.24	0.56	0.68
Earnings per share from discontinued operations - diluted (in dollars per share)	0	0	0	0.40
Earnings per common shareholder - diluted (in dollars per share)	$ 0.21	$ 0.24	$ 0.56	$ 1.08

Segment Reporting - Narrative (

Segment Reporting - Narrative (Details) $ in Thousands	Jun. 30, 2016USD ($)	Sep. 30, 2017USD ($)	Sep. 30, 2016USD ($)	Sep. 30, 2017USD ($)segment	Sep. 30, 2016USD ($)
Segment Reporting Information [Line Items]
Number of reportable segments | segment				3
Net income (loss)		$ 2,318	$ 2,310	$ 6,152	$ 10,605
Increase (decrease) in loan interest and fee income		1,000
Interest on tax exempt loans and securities		573	616	1,683	1,748
Net income from continuing operations		$ 2,318	2,310	6,152	6,670
Commercial & Retail Banking
Segment Reporting Information [Line Items]
Increase (decrease) in yield on taxable investment securities, percentage		0.44%
Operating Segments | Commercial & Retail Banking
Segment Reporting Information [Line Items]
Net income (loss)		$ 3,217	2,327	8,197	7,053
Increase (decrease) in net interest income		670		745
Increase (decrease) in loan interest and fee income				663
Increase (decrease) in taxable investment securities interest		351		900
Increase (decrease) in interest on deposits		182		213
Interest on tax exempt loans and securities		(471)		(493)
Increase (decrease) in the average balance of taxable investment securities		47,900
Increase (decrease) in noninterest income		(54)		373
Increase (decrease) in mortgage fee income		295		763
Increase (decrease) in gain on sale of securities		(374)
Increase (decrease) in noninterest expense		223		1,200
Increase (decrease) in salaries and emplyee benefits expense		183		376
Increase (decrease) in insurance, tax, and assessment expense		100		299
Increase (decrease) in occupancy and equipment expense		208		464
Increase (decrease) in data processing and communications expense		(294)
Increase (decrease) in provision expense		(1,100)		(2,000)
Increase (decrease) in interest expense				323
Increase (decrease) in FHLB and other borrowings interest income				108
Increase (decrease) in sale of portfolio loans				(362)
Net income from continuing operations		3,217	2,327	8,197	7,053
Operating Segments | Mortgage Banking
Segment Reporting Information [Line Items]
Net income (loss)		276	1,121	1,216	2,794
Increase (decrease) in net interest income		37		(50)
Increase (decrease) in noninterest income		(2,200)		(3,000)
Increase (decrease) in mortgage fee income		(961)		754
Increase (decrease) in noninterest expense		(910)		(731)
Increase (decrease) in salaries and emplyee benefits expense		(956)		(996)
Increase (decrease) in occupancy and equipment expense		66		207
Increase (decrease) in provision expense		96		171
Increase (decrease) in gain on derivative		$ (1,200)		$ (3,800)
Increase (decrease) in origination volume, percentage		(15.10%)		(9.20%)
Increase (decrease) in earn out payments		$ (619)		$ (1,400)
Increase (decrease) in travel, entertainment, dues, and subscriptions expense		55		160
Increase (decrease) in marketing, contributions, and sponsorships				(144)
Net income from continuing operations		276	1,121	1,216	2,794
Operating Segments | Financial Holding Company
Segment Reporting Information [Line Items]
Net income (loss)		(1,175)	(1,138)	(3,261)	1,120
Increase (decrease) in noninterest income		(194)		(542)
Increase (decrease) in gain on sale of securities				(70)
Increase (decrease) in noninterest expense		(158)		(470)
Increase (decrease) in salaries and emplyee benefits expense		(361)		(798)
Increase (decrease) in occupancy and equipment expense				119
Increase (decrease) in interest expense		5		9
Increase (decrease) in travel, entertainment, dues, and subscriptions expense		53		73
Increase (decrease) in other operating income				(472)
Net income from continuing operations		(1,175)	(1,138)	(3,261)	(3,177)
Increase (decrease) in professional fees		147		107
Increase (decrease) in income tax benefit		$ (4)		4
Increase (decrease) in other operating expense				$ 78
Operating Segments | Insurance
Segment Reporting Information [Line Items]
Net income (loss)			0		(362)
Net income from continuing operations			$ 0		$ 0
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		9 Months Ended
	Sep. 30, 2017	Sep. 30, 2016	Sep. 30, 2017	Sep. 30, 2016	Dec. 31, 2016	Dec. 31, 2015
Revenues:
Interest income	$ 14,630	$ 13,523	$ 41,512	$ 40,485
Mortgage fee income	10,018	10,668	28,604	26,850
Insurance and investment services income	147	128	395	303
Other income	(7)	1,730	1,550	5,986
Total operating income	24,788	26,049	72,061	73,624
Expenses:
Interest expense	3,216	2,794	8,898	8,319
Salary and employee benefits	11,249	12,383	33,009	34,427
Provision for loan losses	96	1,075	1,137	2,975
Other expense	6,717	6,356	19,777	17,968
Total operating expenses	21,278	22,608	62,821	63,689
Income from continuing operations, before income taxes	3,510	3,441	9,240	9,935
Income tax (benefit) - continuing operations	1,192	1,131	3,088	3,265
Net income from continuing operations	2,318	2,310	6,152	6,670
Income from discontinued operations, before income taxes	0	0	0	6,346
Income tax benefit - discontinued operations	0	0	0	2,411
Net income from discontinued operations	0	0	0	3,935
Net income	2,318	2,310	6,152	10,605
Preferred dividends	123	314	374	814
Net income available to common shareholders	2,195	1,996	5,778	9,791
Capital expenditures	389	161	4,008	1,435
Total assets	1,471,590	1,468,595	1,471,590	1,468,595	$ 1,418,804	$ 1,384,476
Goodwill	18,480	18,480	18,480	18,480	18,480	18,480
Operating Segments | Commercial & Retail Banking
Revenues:
Interest income	13,432	12,528	38,651	37,583
Mortgage fee income	200	(95)	573	(190)
Insurance and investment services income	147	128	395	303
Other income	1,319	1,687	3,679	4,161
Total operating income	15,098	14,248	43,298	41,857
Expenses:
Interest expense	2,347	2,113	6,635	6,312
Salary and employee benefits	3,107	2,924	9,030	8,654
Provision for loan losses	0	1,075	966	2,975
Other expense	4,822	4,782	14,539	13,686
Total operating expenses	10,276	10,894	31,170	31,627
Income from continuing operations, before income taxes	4,822	3,354	12,128	10,230
Income tax (benefit) - continuing operations	1,605	1,027	3,931	3,177
Net income from continuing operations	3,217	2,327	8,197	7,053
Income from discontinued operations, before income taxes		0	0	0
Income tax benefit - discontinued operations		0	0	0
Net income from discontinued operations		0	0	0
Net income	3,217	2,327	8,197	7,053
Preferred dividends	0	0	0
Net income available to common shareholders	3,217	2,327	8,197	7,053
Capital expenditures	109	116	2,709	1,068
Total assets	1,466,845	1,462,496	1,466,845	1,462,496	1,415,735	1,378,988
Goodwill	1,598	1,598	1,598	1,598	1,598	1,598
Operating Segments | Mortgage Banking
Revenues:
Interest income	1,352	1,183	3,206	3,278
Mortgage fee income	10,042	11,003	28,616	27,862
Insurance and investment services income	0	0	0	0
Other income	(1,279)	(31)	(1,973)	1,804
Total operating income	10,115	12,155	29,849	32,944
Expenses:
Interest expense	684	552	1,521	1,543
Salary and employee benefits	6,768	7,724	19,870	20,866
Provision for loan losses	96	0	171	0
Other expense	2,100	2,054	6,244	5,979
Total operating expenses	9,648	10,330	27,806	28,388
Income from continuing operations, before income taxes	467	1,825	2,043	4,556
Income tax (benefit) - continuing operations	191	704	827	1,762
Net income from continuing operations	276	1,121	1,216	2,794
Income from discontinued operations, before income taxes		0	0	0
Income tax benefit - discontinued operations		0	0	0
Net income from discontinued operations		0	0	0
Net income	276	1,121	1,216	2,794
Preferred dividends	0	0	0
Net income available to common shareholders	276	1,121	1,216	2,794
Capital expenditures	129	9	1,102	164
Total assets	140,954	150,091	140,954	150,091	122,242	125,227
Goodwill	16,882	16,882	16,882	16,882	16,882	16,882
Operating Segments | Financial Holding Company
Revenues:
Interest income	1	1	3	2
Mortgage fee income	0	0	0	0
Insurance and investment services income	0	0	0	0
Other income	1,250	1,444	3,768	4,310
Total operating income	1,251	1,445	3,771	4,312
Expenses:
Interest expense	565	560	1,674	1,665
Salary and employee benefits	1,374	1,735	4,109	4,907
Provision for loan losses	0	0	0	0
Other expense	1,091	888	2,919	2,591
Total operating expenses	3,030	3,183	8,702	9,163
Income from continuing operations, before income taxes	(1,779)	(1,738)	(4,931)	(4,851)
Income tax (benefit) - continuing operations	(604)	(600)	(1,670)	(1,674)
Net income from continuing operations	(1,175)	(1,138)	(3,261)	(3,177)
Income from discontinued operations, before income taxes		0	0	6,926
Income tax benefit - discontinued operations		0	0	2,629
Net income from discontinued operations		0	0	4,297
Net income	(1,175)	(1,138)	(3,261)	1,120
Preferred dividends	123	314	374	814
Net income available to common shareholders	(1,298)	(1,452)	(3,635)	306
Capital expenditures	151	36	197	203
Total assets	183,231	159,753	183,231	159,753	180,335	151,441
Goodwill	0	0	0	0	0	0
Operating Segments | Insurance
Revenues:
Interest income		0		0
Mortgage fee income		0		0
Insurance and investment services income		0		0
Other income		0		0
Total operating income		0		0
Expenses:
Interest expense		0		0
Salary and employee benefits		0		0
Provision for loan losses		0		0
Other expense		0		0
Total operating expenses		0		0
Income from continuing operations, before income taxes		0		0
Income tax (benefit) - continuing operations		0		0
Net income from continuing operations		0		0
Income from discontinued operations, before income taxes		0		(580)
Income tax benefit - discontinued operations		0		(218)
Net income from discontinued operations		0		(362)
Net income		0		(362)
Preferred dividends		0
Net income available to common shareholders		0		(362)
Capital expenditures		0		0
Total assets		0		0		5,017
Goodwill		0		0		0
Intercompany Eliminations
Revenues:
Interest income	(155)	(189)	(348)	(378)
Mortgage fee income	(224)	(240)	(585)	(822)
Insurance and investment services income	0	0	0	0
Other income	(1,297)	(1,370)	(3,924)	(4,289)
Total operating income	(1,676)	(1,799)	(4,857)	(5,489)
Expenses:
Interest expense	(380)	(431)	(932)	(1,201)
Salary and employee benefits	0	0	0	0
Provision for loan losses	0	0	0	0
Other expense	(1,296)	(1,368)	(3,925)	(4,288)
Total operating expenses	(1,676)	(1,799)	(4,857)	(5,489)
Income from continuing operations, before income taxes	0	0	0	0
Income tax (benefit) - continuing operations	0	0	0	0
Net income from continuing operations	0	0	0	0
Income from discontinued operations, before income taxes		0	0	0
Income tax benefit - discontinued operations		0	0	0
Net income from discontinued operations		0	0	0
Net income	0	0	0	0
Preferred dividends	0	0	0
Net income available to common shareholders	0	0	0	0
Capital expenditures	0	0	0	0
Total assets	(319,440)	(303,745)	(319,440)	(303,745)	(299,508)	(276,197)
Goodwill	$ 0	$ 0	$ 0	$ 0	$ 0	$ 0

Pension Plan - Defined Benefit

Pension Plan - Defined Benefit Plan Activity (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2017	Sep. 30, 2016	Sep. 30, 2017	Sep. 30, 2016	May 31, 2014
Weighted average assumptions used to determine the benefit obligation
Discount rate used to re-measure pension obligation, percentage					4.46%
Components of net periodic pension cost
Service cost	$ 0	$ 0	$ 0	$ 0
Interest cost	90	92	270	276
Expected return on plan assets	(86)	(83)	(258)	(248)
Amortization of net actuarial loss	60	59	180	177
Amortization of prior service costs	0	0	0	0
Net periodic pension cost	64	68	192	205
Contributions Paid	$ 145	$ 62	$ 261	$ 142

Comprehensive Income - Reclassi

Comprehensive Income - Reclassifications (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2017	Sep. 30, 2016	Sep. 30, 2017	Sep. 30, 2016
Comprehensive Income
Gain on sale of securities	$ 105	$ 479	$ 455	$ 1,082
Income from continuing operations, before income taxes	3,510	3,441	9,240	9,935
Income tax expense	(1,192)	(1,131)	(3,088)	(3,265)
Salaries and benefits	(11,249)	(12,383)	(33,009)	(34,427)
Net income	2,318	2,310	6,152	10,605
Amount reclassified from AOCI
Comprehensive Income
Net income	27	252	165	543
Available-for-sale securities | Amount reclassified from AOCI
Comprehensive Income
Gain on sale of securities	105	479	455	1,082
Income from continuing operations, before income taxes	105	479	455	1,082
Income tax expense	(42)	(192)	(182)	(433)
Net income	63	287	273	649
Defined benefit pension plan items | Amount reclassified from AOCI
Comprehensive Income
Income from continuing operations, before income taxes	(60)	(59)	(180)	(177)
Income tax expense	24	24	72	71
Salaries and benefits	(60)	(59)	(180)	(177)
Net income	$ (36)	$ (35)	$ (108)	$ (106)

Comprehensive Income - Componen

Comprehensive Income - Components of AOCI (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2017	Sep. 30, 2016	Sep. 30, 2017	Sep. 30, 2016
Accumulated Other Comprehensive Income (AOCI)
Beginning balance			$ 145,625	$ 114,712
Other comprehensive loss before reclassification	$ 60	$ (412)	1,585	1,454
Amounts reclassified from AOCI	(27)	(252)	(165)	(543)
Total other comprehensive income	33	(664)	1,420	911
Ending balance	148,977	125,377	148,977	125,377
Unrealized gains (losses) on available for-sale securities
Accumulated Other Comprehensive Income (AOCI)
Beginning balance	(9)	1,702	(1,598)	(363)
Other comprehensive loss before reclassification	96	(437)	1,895	1,990
Amounts reclassified from AOCI	(63)	(287)	(273)	(649)
Total other comprehensive income	33	(724)	1,622	1,341
Ending balance	24	978	24	978
Defined benefit pension plan items
Accumulated Other Comprehensive Income (AOCI)
Beginning balance	(2,881)	(3,060)	(2,679)	(2,570)
Other comprehensive loss before reclassification	(36)	25	(310)	(536)
Amounts reclassified from AOCI	36	35	108	106
Total other comprehensive income	0	60	(202)	(430)
Ending balance	(2,881)	(3,000)	(2,881)	(3,000)
AOCI attributable to parent
Accumulated Other Comprehensive Income (AOCI)
Beginning balance	(2,890)	(1,358)	(4,277)	(2,933)
Total other comprehensive income			1,420	911
Ending balance	$ (2,857)	$ (2,022)	$ (2,857)	$ (2,022)

Discontinued Operations - Narra

Discontinued Operations - Narrative (Details) - USI Insurance Services - Discontinued Operations, Disposed of by Sale - USD ($)	Jun. 30, 2016	Sep. 30, 2017	Dec. 31, 2016	Sep. 30, 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		$ 0	$ 0	$ 424,000
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		9 Months Ended
	Sep. 30, 2017	Sep. 30, 2016	Sep. 30, 2017	Sep. 30, 2016
NONINTEREST EXPENSES
Income from discontinued operations, before income taxes	$ 0	$ 0	$ 0	$ 6,346
Income tax benefit - discontinued operations	0	0	0	2,411
Net income from discontinued operations	0	0	0	3,935
USI Insurance Services | Discontinued Operations, Disposed of by Sale
NONINTEREST INCOME
Insurance and investment services income	0	0	0	1,887
Gain on sale of subsidiary	0	0	0	6,926
Other operating income	0	0	0	2
Total noninterest income	0	0	0	8,815
NONINTEREST EXPENSES
Salary and employee benefits	0	0	0	1,937
Occupancy expense	0	0	0	124
Equipment depreciation and maintenance	0	0	0	29
Data processing and communications	0	0	0	79
Marketing, contributions and sponsorships	0	0	0	7
Professional fees	0	0	0	2
Printing, postage and supplies	0	0	0	12
Insurance, tax and assessment expense	0	0	0	58
Travel, entertainment, dues and subscriptions	0	0	0	67
Other operating expenses	0	0	0	154
Total noninterest expense	0	0	0	2,469
Income from discontinued operations, before income taxes	0	0	0	6,346
Income tax benefit - discontinued operations	0	0	0	2,411
Net income from discontinued operations	$ 0	$ 0	$ 0	$ 3,935