Village Bank and Trust Financial (VBFC) 10-K 30 Mar 16 2015 FY Annual report Financial data

Document And Entity Information

Document And Entity Information - USD ($)	12 Months Ended
	Dec. 31, 2015	Feb. 28, 2016	Jun. 30, 2015
Document Information [Line Items]
Document Type	10-K
Amendment Flag	false
Document Period End Date	Dec. 31, 2015
Document Fiscal Year Focus	2,015
Document Fiscal Period Focus	FY
Entity Registrant Name	Village Bank & Trust Financial Corp.
Entity Central Index Key	1,290,476
Current Fiscal Year End Date	--12-31
Entity Well-known Seasoned Issuer	No
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Filer Category	Smaller Reporting Company
Entity Public Float			$ 12,715,000
Trading Symbol	VBFC
Entity Common Stock, Shares Outstanding		1,417,775

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($) $ in Thousands	Dec. 31, 2015	Dec. 31, 2014
Assets
Cash and due from banks	$ 17,076	$ 25,115
Federal funds sold	186	23,988
Total cash and cash equivalents	17,262	49,103
Investment securities available for sale	37,919	39,542
Loans held for sale	14,373	9,914
Loans
Outstandings	306,771	286,146
Allowance for loan losses	(3,562)	(5,729)
Deferred fees and costs, net	670	722
Total loans, net	303,879	281,139
Other real estate owned, net of valuation allowance	6,249	12,638
Assets held for sale	12,631	13,502
Premises and equipment, net	13,671	14,301
Bank owned life insurance	7,130	6,947
Accrued interest receivable	2,060	1,372
Other assets	4,767	5,546
Total assets	419,941	434,004
Deposits
Noninterest bearing demand	78,282	77,496
Interest bearing	286,566	301,364
Total deposits	364,848	378,860
Federal Home Loan Bank advances	6,000	14,000
Long-term debt - trust preferred securities	8,764	8,764
Other borrowings	508	3,302
Accrued interest payable	1,346	1,167
Other liabilities	8,116	8,853
Total liabilities	389,582	414,946
Shareholders' equity
Preferred stock, $4 par value, $1,000 liquidation preference, 1,000,000 shares authorized; 5,715 shares issued and outstanding at December 31, 2015 14,738 shares issued and outstanding December 31, 2014	23	59
Common stock, $4 par value - 10,000,000 shares authorized; 1,417,775 shares issued and outstanding at December 31, 2015 350,622 shares issued and outstanding at December 31, 2014	5,562	1,339
Additional paid-in capital	58,497	58,188
Accumulated deficit	(33,948)	(40,539)
Common stock warrant	732	732
Stock in directors rabbi trust	(1,034)	(878)
Directors deferred fees obligation	1,034	878
Accumulated other comprehensive loss	(507)	(721)
Total shareholders' equity	30,359	19,058
Liabilities and Equity	$ 419,941	$ 434,004

Consolidated Balance Sheets _Pa

Consolidated Balance Sheets [Parenthetical] - $ / shares	Dec. 31, 2015	Dec. 31, 2014
Preferred stock, par value (in dollars per share)	$ 4	$ 4
Preferred stock, liquidation preference (in dollars per share)	$ 1,000	$ 1,000
Preferred stock, shares authorized (in shares)	1,000,000	1,000,000
Preferred stock, shares issued (in shares)	5,715	14,738
Preferred stock, shares outstanding (in shares)	5,715	14,738
Common stock, par value (in dollars per share)	$ 4	$ 4
Common stock, shares authorized (in shares)	10,000,000	10,000,000
Common stock, shares issued (in shares)	1,417,775	350,622
Common stock, shares outstanding (in shares)	1,417,775	350,622

Consolidated Statements of Oper

Consolidated Statements of Operations - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Interest income
Loans	$ 14,833	$ 15,309	$ 18,444
Investment securities	616	1,182	1,083
Federal funds sold	55	87	87
Total interest income	15,504	16,578	19,614
Interest expense
Deposits	2,481	3,006	3,666
Borrowed funds	386	554	759
Total interest expense	2,867	3,560	4,425
Net interest income	12,637	13,018	15,189
(Recovery of) provision for loan losses	(2,000)	100	1,173
Net interest income after (recovery of) provision for loan losses	14,637	12,918	14,016
Noninterest income
Service charges and fees	2,520	2,245	2,314
Gain on sale of loans	6,076	4,449	7,744
Gain (loss) on sale of investment securities	6	(210)	217
Rental income	1,105	965	854
Other	351	440	1,126
Total noninterest income	10,058	7,889	12,255
Noninterest expense
Salaries and benefits	10,846	10,685	11,905
Commissions	1,555	1,165	2,003
Occupancy	1,730	1,690	2,064
Equipment	765	708	715
Write down of assets held for sale	2,649	0	0
Supplies	278	344	436
Professional and outside services	2,930	2,550	2,420
Advertising and marketing	325	321	249
Foreclosed assets, net	153	1,244	7,082
FDIC insurance premium	916	968	1,048
Other operating expense	1,902	2,169	2,356
Total noninterest expense	24,049	21,844	30,278
Income (loss) before income taxes	646	(1,037)	(4,007)
Income tax expense	0	0	0
Net income (loss)	646	(1,037)	(4,007)
Preferred stock dividends and amortization of discount	(674)	(1,436)	(886)
Preferred stock principal forgiveness	4,404	0	0
Preferred stock dividend forgiveness	2,215	0	0
Net income (loss) available to common shareholders	$ 6,591	$ (2,473)	$ (4,893)
Earnings (loss) per share, basic (in dollars per share)	$ 5.65	$ (7.39)	$ (18.06)
Earnings (loss) per share, diluted (in dollars per share)	$ 5.49	$ (7.39)	$ (18.06)

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Income (Loss) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Net income (loss)	$ 646	$ (1,037)	$ (4,007)
Other comprehensive income (loss)
Unrealized holding gains (losses) arising during the period	317	4,499	(5,359)
Tax effect	108	1,529	(1,822)
Net change in unrealized holding gains (losses) on securities available for sale, net of tax	209	2,970	(3,537)
Reclassification adjustment
Reclassification adjustment for (gains) losses realized in net income (loss)	(6)	210	(217)
Tax effect	(2)	72	(74)
Reclassification for (gains) losses included in net income (loss), net of tax	(4)	138	(143)
Minimum pension adjustment	14	14	13
Tax effect	5	5	5
Minimum pension adjustment, net of tax	9	9	8
Total other comprehensive income (loss)	214	3,117	(3,672)
Total comprehensive income (loss)	$ 860	$ 2,080	$ (7,679)

Consolidated Statements of Shar

Consolidated Statements of Shareholders' Equity - USD ($) $ in Thousands	Total	Preferred Stock [Member]	Common Stock [Member]	Additional Paid-in Capital [Member]	Accumulated Deficit [Member]	Warrant [Member]	Discount on Preferred Stock [Member]	Stock in Directors Rabbi Trust [Member]	Directors Deferred Fees Obligation [Member]	Accumulated Other Comprehensive Income (loss) [Member]
Balance at Dec. 31, 2012	$ 24,965	$ 59	$ 17,007	$ 40,705	$ (33,173)	$ 732	$ (199)	$ 0	$ 0	$ (166)
Amortization of preferred stock discount	0	0	0	0	(149)	0	149	0	0	0
Preferred stock dividend	(737)	0	0	0	(737)	0	0	0	0	0
Restricted stock issuance	1,684
Issuance of common stock	(1,684)	0	4,346	(2,662)	0	0	0	0	0	0
Preferred stock dividend forgiveness	0
Stock based compensation	11	0	0	11	0	0	0	0	0	0
Directors Deferred Fees	0	0	0	0	0	0	0	(878)	878	0
Minimum pension adjustment (net of income taxes of $5)	8	0	0	0	0	0	0	0	0	8
Net income (loss)	(4,007)	0	0	0	(4,007)	0	0	0	0	0
Change in unrealized gain on investment securities available-for-sale, net of reclassification and tax effect	(3,680)	0	0	0	0	0	0	0	0	(3,680)
Balance at Dec. 31, 2013	18,244	59	21,353	38,054	(38,066)	732	(50)	(878)	878	(3,838)
Amortization of preferred stock discount	0	0	0	0	(50)	0	50			0
Preferred stock dividend	(1,386)	0	0	0	(1,386)	0	0			0
Reverse stock split	0		(20,019)	20,019
Issuance of common stock	11	0	5	(16)	0	0	0			0
Preferred stock dividend forgiveness	0
Stock based compensation	131	0	0	131	0	0	0			0
Minimum pension adjustment (net of income taxes of $5)	9	0	0	0	0	0	0			9
Net income (loss)	(1,037)	0	0	0	(1,037)	0	0			0
Change in unrealized gain on investment securities available-for-sale, net of reclassification and tax effect	3,108	0	0	0	0	0	0	0	0	3,108
Balance at Dec. 31, 2014	19,058	59	1,339	58,188	(40,539)	732	0	(878)	878	(721)
Preferred stock dividend	(674)	0	0	0	(674)	0	0
Restricted stock issuance	(79)		16	(95)	0	0		(156)	156
Issuance of common stock	79	0	2,875	5,842	0	0		0	0	0
Preferred stock exchanged for common stock	0	(18)	1,332	(1,314)	0	0		0	0	0
Preferred stock principal forgiveness	0	(18)	0	(4,386)	4,404	0	0	0	0	0
Preferred stock dividend forgiveness	2,215	0	0	0	2,215	0	0	0	0	0
Stock based compensation	262	0	0	262	0	0	0	0	0	0
Minimum pension adjustment (net of income taxes of $5)	9	0	0	0	0	0	0	0	0	9
Net income (loss)	646	0	0	0	646	0	0	0	0	0
Change in unrealized gain on investment securities available-for-sale, net of reclassification and tax effect	205	0	0	0	0	0	0	0	0	205
Balance at Dec. 31, 2015	$ 30,359	$ 23	$ 5,562	$ 58,497	$ (33,948)	$ 732	$ 0	$ (1,034)	$ 1,034	$ (507)

Consolidated Statements of Sha7

Consolidated Statements of Shareholders' Equity [Parenthetical] - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Issuance of common stock, offering expense	$ 1,200
Minimum pension adjustment, income taxes	$ 5	$ 5	$ 5

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Cash Flows from Operating Activities
Net income (loss)	$ 646	$ (1,037)	$ (4,007)
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:
Depreciation and amortization	843	681	1,311
Deferred income taxes	277	(401)	(1,852)
Valuation allowance deferred income taxes	(277)	334	1,781
Provision for (recovery of) loan losses	(2,000)	100	1,173
Write-down of other real estate owned	690	1,642	0
Valuation allowance other real estate owned	(35)	(720)	4,929
Write-down of assets held for sale	2,649	0	0
(Gain) loss on securities sold	(6)	210	(217)
Gain on loans sold	(6,076)	(4,449)	(7,744)
(Gain) loss on sale and disposal of premises and equipment	12	(3)	(598)
(Gain) loss on sale of other real estate owned	(862)	(142)	381
Stock compensation expense	262	131	11
Proceeds from sale of mortgage loans	208,479	162,983	285,310
Origination of mortgage loans for sale	(206,862)	(160,077)	(261,749)
Amortization of premiums and accretion of discounts on securities, net	287	396	417
Decrease (increase) in interest receivable	(688)	114	190
Increase in bank owned life insurance	(183)	(182)	(189)
Decrease (increase) in other assets	(190)	(138)	1,110
Increase in interest payable	179	74	181
Increase (decrease) in other liabilities	505	2,736	(2,279)
Net cash (used in) provided by operating activities	(2,350)	2,252	18,159
Cash Flows from Investing Activities
Purchases of available for sale securities	(6,748)	0	(54,107)
Proceeds from the sale or calls of available for sale securities	8,401	22,310	15,737
Net decrease (increase) in loans	(21,181)	(8,860)	56,562
Proceeds from sale of other real estate owned	7,037	10,952	5,301
Purchases of premises and equipment	(1,080)	(2,587)	(106)
Proceeds from sale of premises and equipment	0	17	1,681
Net cash (used in) provided by investing activities	(13,571)	21,832	25,068
Cash Flows from Financing Activities
Issuance of common stock	(79)	(11)	1,684
Net proceeds from sale of common stock, net of expenses of $990	8,965	0	0
Net decrease in deposits	(14,012)	(11,768)	(45,695)
Net decrease in Federal Home Loan Bank Advances	(8,000)	(4,000)	(10,000)
Net increase (decrease) in other borrowings	(2,794)	589	(2,138)
Net cash used in financing activities	(15,920)	(15,190)	(56,149)
Net increase (decrease) in cash and cash equivalents	(31,841)	8,894	(12,922)
Cash and cash equivalents, beginning of period	49,103	40,209	53,131
Cash and cash equivalents, end of period	17,262	49,103	40,209
Supplemental Disclosure of Cash Flow Information
Cash payments for interest	2,688	3,486	4,244
Supplemental Schedule of Non Cash Activities
Real estate owned assets acquired in settlement of loans	461	7,628	7,149
Assets moved to held for sale	831	0	0
Accrual of additions on held for sale	547	0	0
Dividends on preferred stock accrued	674	1,386	737
Non-Cash conversion of preferred shares	4,619	0	0
Forgiveness of principal and accrued dividends	$ 6,619	$ 0	$ 0

Summary of Significant Accounti

Summary of Significant Accounting Policies	12 Months Ended
	Dec. 31, 2015
Accounting Policies [Abstract]
Significant Accounting Policies [Text Block]	Note 1. Summary of Significant Accounting Policies The accounting and reporting policies of Village Bank and Trust Financial Corp. and subsidiary (the “Company”) conform to accounting principles generally accepted in the United States of America (“GAAP”) and to general practice within the banking industry. The following is a description of the more significant of those policies: The Company is the holding company of Village Bank (the “Bank”). The Bank opened to the public on December 13, 1999 as a traditional community bank offering deposit and loan services to individuals and businesses in the Richmond, Virginia metropolitan area. Village Bank Mortgage Corporation (“Village Mortgage”) is a full service mortgage banking company wholly-owned by the Bank. The Bank is subject to regulations of certain federal and state agencies and undergoes periodic examinations by those regulatory authorities. As a consequence of the extensive regulation of commercial banking activities, the Bank’s business is susceptible to being affected by state and federal legislation and regulations. The majority of the Company’s real estate loans are collateralized by properties in markets in the Richmond, Virginia metropolitan area. Accordingly, the ultimate collectability of those loans collateralized by real estate is particularly susceptible to changes in market conditions in the Richmond area. The consolidated financial statements include the accounts of the Company, the Bank and Village Mortgage. All material intercompany balances and transactions have been eliminated in consolidation. The preparation of the consolidated financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities as of the balance sheets dates and revenues and expenses during the reporting period. Actual results could differ significantly from those estimates. Material estimates that are particularly susceptible to significant change include the determination of the allowance for loan losses and its related provision, and the estimate of the fair value of assets held for sale. At the time of purchase, debt securities are classified into the following categories: held to maturity, available for sale or trading. Debt securities that the Company has both the positive intent and ability to hold to maturity are classified as held to maturity. Held to maturity securities are stated at amortized cost adjusted for amortization of premiums and accretion of discounts on purchase using a method that approximates the effective interest method. Investments classified as trading or available for sale are stated at fair value. Changes in fair value of trading investments are included in current earnings while changes in fair value of available for sale investments are excluded from current earnings and reported, net of taxes, as a separate component of other comprehensive income. Presently, the Company does not maintain a portfolio of trading securities or held to maturity. The fair value of investment securities held to maturity and available for sale is estimated based on quoted prices for similar assets determined by bid quotations received from independent pricing services. Declines in the fair value of securities below their amortized cost that are other than temporary are reflected in earnings or other comprehensive income, as appropriate. For those debt securities whose fair value is less than their amortized cost basis, we consider our intent to sell the security, whether it is more likely than not that we will be required to sell the security before recovery and if we do not expect to recover the entire amortized cost basis of the security. In analyzing an issuer’s financial condition, we may consider whether the securities are issued by the federal government or its agencies, whether downgrades by bond rating agencies have occurred and the results of reviews of the issuer’s financial condition. Interest income is recognized when earned. Realized gains and losses for securities classified as available-for-sale and held-to-maturity are included in earnings and are derived using the specific identification method for determining the cost of securities sold. The Company, through the Bank’s mortgage banking subsidiary, Village Bank Mortgage, originates residential mortgage loans for sale in the secondary market. Mortgage loans originated and intended for sale in the secondary market are carried at the lower of cost or estimated fair value on an aggregate basis as determined by outstanding commitments from investors. Upon entering into a commitment to originate a loan, the Company locks in the loan and rate with an investor and commits to deliver the loan if settlement occurs on a best efforts basis, thus limiting interest rate risk. Certain additional risks exist that the investor fails to meet its purchase obligation; however, based on historical performance and the size and nature of the investors the Company does not expect them to fail to meet their obligation. Net unrealized losses, if any, are recognized through a valuation allowance by charges to income. Residential mortgage loans held for sale are sold to the permanent investor with the mortgage servicing rights released. Gains or losses on sales of mortgage loans are recognized based on the difference between the selling price and the carrying value of the related mortgage loans sold. Gains on the sale of loans totaling approximately $ 6,076,000 4,449,000 7,744,000 Once a residential mortgage loan is sold to a permanent investor, the Company has no further involvement or retained interest in the loan. There are limited circumstances in which the permanent investor can contractually require the Company to repurchase the loan. The Company makes no provision for any such recourse related to loans sold as history has shown repurchase of loans under these circumstances has been remote. The Company, through Village Mortgage, enters into commitments to originate residential mortgage loans in which the interest rate on the loan is determined prior to funding, termed rate lock commitments. Such rate lock commitments on mortgage loans to be sold in the secondary market are considered to be derivatives. The period of time between issuance of a loan commitment and closing and sale of the loan generally ranges from 30 45 The fair value of rate lock commitments and best efforts contracts is not readily ascertainable with precision because rate lock commitments and best efforts contracts are not actively traded in stand-alone markets. The Company determines the fair value of rate lock commitments and best efforts contracts by measuring the change in the value of the underlying asset while taking into consideration the probability that the rate lock commitments will close. Due to high correlation between rate lock commitments and best efforts contracts, no significant gains or losses have occurred on the rate lock commitments. At December 31, 2015, Village Mortgage had rate lock commitments to originate mortgage loans aggregating approximately $ 9,132,000 14,373,000 23,505,000 Transfers of financial assets are accounted for as sales when control over the assets has been surrendered. Control over transferred assets is deemed to be surrendered when: (1) the assets have been isolated from the Bank and put presumptively beyond the reach of the transferor and its creditors, even in bankruptcy or other receivership, (2) the transferee obtains the right (free of conditions that constrain it from taking advantage of that right) to pledge or exchange the transferred assets, and (3) the Bank does not maintain effective control over the transferred assets through an agreement to repurchase them before their maturity or the ability to unilaterally cause the holder to return specific assets. Our transfers of financial assets are limited to commercial loan participations sold, which were insignificant for 2015, 2014 and 2013, and the sale of residential mortgage loans in the secondary market; the extent of which are disclosed in the Consolidated Statements of Cash Flows. Loans are stated at the principal amount outstanding, net of unearned income. Loan origination fees and certain direct loan origination costs are deferred and amortized to interest income over the life of the loan as an adjustment to the loan’s yield over the term of the loan. Interest is accrued on outstanding principal balances, unless the Company considers collection to be doubtful. Commercial and unsecured consumer loans are designated as non-accrual when payment is delinquent 90 90 Standby letters of credit are written conditional commitments issued by the Bank to guarantee the performance of a customer to a third party. The credit risk involved in issuing letters of credit is essentially the same as that involved in extending loans to customers. The total contractual amount of standby letters of credit, whose contract amount represent credit risk was approximately $ 1,484,000 1,571,000 The allowance for loan losses is established as losses are estimated to have occurred through a provision for loan losses charged to earnings. Loan losses are charged against the allowance when management believes the uncollectibility of a loan balance is probable. Subsequent recoveries, if any, are credited to the allowance. The allowance represents an amount that, in management’s judgment, will be adequate to absorb any losses on existing loans that may become uncollectible. Management’s judgment in determining the adequacy of the allowance is based on evaluations of the collectability of loans while taking into consideration such factors as changes in the nature and volume of the loan portfolio, current economic conditions which may affect a borrower’s ability to repay, overall portfolio quality, and review of specific potential losses. This evaluation is inherently subjective, as it requires estimates that are susceptible to significant revision as more information becomes available. The allowance consists of general and specific components. The general component covers non-classified loans and is based on historical loss experience and risk characteristics (i.e. trends in delinquencies and other non-performing loans, changes in economic conditions on both a local and national level, and changes in the categories of loans comprising the loan portfolio) adjusted for qualitative factors. The specific component relates to loans that we have concluded, based on the value of collateral, guarantees and any other pertinent factors, have known losses. For such loans that are also classified as impaired, an allowance is established when the discounted cash flows (or collateral value or observable market price) of the impaired loan is lower than the carrying value of that loan. An unallocated component is maintained to cover uncertainties that could affect management’s estimate of probable losses. The unallocated component of the allowance reflects the margin of imprecision inherent in the underlying assumptions used in the methodologies for estimating specific and general losses in the portfolio. A loan is considered impaired when, based on current information and events, it is probable that the Company will be unable to collect the scheduled payments of principal or interest when due according to the contractual terms of the loan agreement. Factors considered by management in determining impairment include payment status, collateral value, and the probability of collecting scheduled principal and interest payments when due. Loans that experience insignificant payment delays and payment shortfalls generally are not classified as impaired. Management determines the significance of payment delays and payment shortfalls on a case-by-case basis, taking into consideration all of the circumstances surrounding the loan and the borrower, including the length of the delay, the reasons for the delay, the borrower’s prior payment record, and the amount of the shortfall in relation to the principal and interest owed. Impairment is measured on a loan by loan basis for commercial and construction loans by either the present value of the expected future cash flows discounted at the loan’s effective interest rate, the loan’s obtainable market price, or the fair value of the collateral if the loan is collateral dependent. A loan or lease is accounted for as a troubled debt restructuring if we, for economic or legal reasons related to the borrower’s financial condition, grant a significant concession to the borrower that we would not otherwise consider. A troubled debt restructuring may involve the receipt of assets from the debtor in partial or full satisfaction of the loan or lease, or a modification of terms such as a reduction of the stated interest rate or balance of the loan or lease, a reduction of accrued interest, an extension of the maturity date at a stated interest rate lower than the current market rate for a new loan with similar risk, or some combination of these concessions. Troubled debt restructurings generally remain categorized as nonperforming loans and leases until a six-month payment history has been maintained. In accordance with current accounting guidance, loans modified as troubled debt restructurings are, by definition, considered to be impaired loans. Impairment for these loans is measured on a loan-by-loan basis similar to other impaired loans as described above under Allowance for loan losses Real estate acquired through or in lieu of foreclosure is initially recorded at estimated fair value less estimated selling costs. Subsequent to the date of acquisition, it is carried at the lower of cost or fair value, adjusted for net selling costs. If fair value declines subsequent to foreclosure a valuation allowance is recorded through expense. Operating costs after acquisition are expensed as incurred. The valuation allowance at December 31, 2015 was $ 1,748,000 Assets held for sale at December 31, 2015 are the Company’s previous headquarters building at the Watkins Centre and a branch building we previously closed. They were transferred from premises and equipment to assets held for sale at cost less accumulated depreciation at the date of transfer, December 31, 2013 and June 29, 2015 respectively, which were lower than their respective fair values, adjusted for net selling costs, at that date. The Company periodically evaluates the value of assets held for sale and records an impairment charge for any subsequent declines in fair value less selling costs. Land is carried at cost. Premises and equipment are carried at cost less accumulated depreciation and amortization. Depreciation of buildings and improvements is computed using the straight-line method over the estimated useful lives of the assets of 39 3 7 Deferred income taxes are recognized for the tax consequences of “temporary differences” by applying enacted tax rates applicable to future years to differences between the financial statement carrying amounts and the tax bases of existing assets and liabilities. The primary temporary differences are the allowance for loan losses and depreciation and amortization. The effect on recorded deferred income taxes of a change in tax laws or rates is recognized in income in the period that includes the enactment date. To the extent that available evidence about the future raises doubt about the realization of a deferred income tax asset, a valuation allowance is established. A tax position is recognized as a benefit only if it is “more likely than not” that the tax position would be sustained in a tax examination, with a tax examination being presumed to occur. The amount recognized is the largest amount of tax benefit that is greater than 50% likely of being realized on examination. For tax positions not meeting the “more likely than not” test, no tax benefit is recorded. The Company has not identified any material uncertain tax positions. For purposes of reporting cash flows, cash and cash equivalents include cash on hand, due from banks (including cash items in process of collection), interest-bearing deposits with banks and federal funds sold. Generally, federal funds are purchased and sold for one-day periods. Cash flows from loans originated by the Bank and deposits are reported net. The Company did not pay income taxes in 2015, 2014 and 2013. Comprehensive income is defined to include all changes in equity except those resulting from investments by owners and distributions to owners. Total comprehensive income (loss) consists of net income (loss) and other comprehensive income (loss). The Company’s other comprehensive income (loss) and accumulated other comprehensive income (loss) are comprised of unrealized gains and losses on investment securities available for sale and amortization of the unfunded pension liability. At December 31, 2015 and 2014 the accumulated other comprehensive income was comprised of unrealized losses on securities available for sale of $ 439,000 644,000 68,000 77,000 Basic earnings (loss) per common share represent net income available to common shareholders, which represents net income (loss) less dividends paid or payable to preferred stock shareholders, divided by the weighted-average number of common shares outstanding during the period. For diluted earnings per common share, net income available to common shareholders is divided by the weighted average number of common shares issued and outstanding for each period plus amounts representing the dilutive effect of stock options, restricted stock, and warrants, as well as any adjustment to income that would result from the assumed issuance. The effects of stock options, restricted stock, and warrants are excluded from the computation of diluted earnings per common share in periods in which the effect would be antidilutive. Stock options, restricted stock, and warrants are antidilutive if the underlying average market price of the stock that can be purchased for the period is less than the exercise price of the option or warrant. Potential common shares that may be issued by the Company relate solely to outstanding stock options, restricted stock, and warrants and are determined using the treasury stock method. On May 26, 2015, the Company’s shareholders approved the adoption of the Village Bank and Trust Financial Corp. 2015 Stock Incentive Plan (the “2015 Plan”) authorizing the issuance of up to 60,000 The fair value of an asset or liability is the price that would be received to sell that asset or paid to transfer that liability in an orderly transaction between market participants. A fair value measurement assumes that the transaction to sell the asset or transfer the liability occurs in the principal market for the asset or liability or, in the absence of a principal market, the most advantageous market for the asset or liability. The price in the principal (or most advantageous) market used to measure the fair value of the asset or liability shall not be adjusted for transaction costs. An orderly transaction is a transaction that assumes exposure to the market for a period prior to the measurement date to allow for marketing activities that are usual and customary for transactions involving such assets and liabilities; it is not a forced transaction. Market participants are buyers and sellers in the principal market that are independent, knowledgeable, able to transact and willing to transact. See Note 17 for the methods and assumptions the Bank uses in estimating fair values of financial instruments. Our deposits are insured by the FDIC up to the limits set forth under applicable law, currently $ 250,000 The FDIC is authorized to prohibit any DIF-insured institution from engaging in any activity that the FDIC determines by regulation or order to pose a serious threat to the respective insurance fund. Also, the FDIC may initiate enforcement actions against banks, after first giving the institution’s primary regulatory authority an opportunity to take such action. The FDIC may terminate the deposit insurance of any depository institution if it determines, after a hearing, that the institution has engaged or is engaging in unsafe or unsound practices, is in an unsafe or unsound condition to continue operations, or has violated any applicable law, regulation, order or any condition imposed in writing by the FDIC. It also may suspend deposit insurance temporarily during the hearing process for the permanent termination of insurance if the institution has no tangible capital. If deposit insurance is terminated, the deposits at the institution at the time of termination, less subsequent withdrawals, shall continue to be insured for a period from six months to two years, as determined by the FDIC. We are aware of no existing circumstances that could result in termination of our deposit insurance. The Company has one reportable segment, “Community Banking.” All of the Company’s activities are interrelated, and each activity is dependent and assessed based on how each of the activities supports the others. For example, lending is dependent upon the ability of the Company to fund itself with deposits and borrowings while managing interest rates and credit risk. Accordingly, all significant operating decisions are based upon analysis of the Company as one segment or unit. New accounting pronouncements In January 2014, the FASB issued ASU 2014-01, “Investments – Equity Method and Joint Ventures: Accounting for Investments in Qualified Affordable Housing Projects”. This ASU applies to all reporting entities that invest in qualified affordable housing projects through limited liability entities that are flow through entities for tax purposes. The amendments in the ASU eliminate the effective yield election and permit reporting entities to make an accounting policy election to account for their investments in qualified affordable housing projects using the proportional amortization method if certain conditions are met. Those not electing the proportional amortization method would account for the investment using the equity method or cost method. The amendments in this ASU are effective for public business entities for annual periods beginning after December 15, 2014. The adoption of this guidance did not have a material effect on the Company’s financial condition or results of operations. In January 2014, the FASB issued ASU 2014-04, “Receivables – Troubled Debt Restructurings by Creditors”. ASU 2014-04 clarifies when a creditor should be considered to have received physical possession of residential real estate property during a foreclosure. ASU 2014-04 establishes a loan receivable should be derecognized and the real estate property recognized upon the creditor obtaining legal title to the residential real estate property upon completion of foreclosure or the borrower conveying all interest in the residential real estate property to the creditor to satisfy the loan. The provisions of ASU 2014-04 are effective for annual periods beginning after December 15, 2014. The adoption of this guidance did not have a material effect on the Company’s financial condition or results of operations. In May 2014, the FASB issued ASU 2014-09, Revenue from Contracts with Customers (Topic 606). The amendments in this ASU modify the guidance companies use to recognize revenue from contracts with customers for transfers of goods or services and transfers of nonfinancial assets, unless those contracts are within the scope of other standards. The ASU requires that entities apply a specific method to recognize revenue reflecting the consideration expected from customers in exchange for the transfer of goods and services. The guidance also requires new qualitative and quantitative disclosures, including information about contract balances and performance obligations. Entities are also required to disclose significant judgments and changes in judgments for determining the satisfaction of performance obligations. Most revenue associated with financial instruments, including interest and loan origination fees, is outside the scope of the guidance. This ASU is effective for annual periods and interim periods within those annual periods beginning after December 15, 2016, with early adoption prohibited. In August 2015 the FASB issued ASU 2015-14 which changed the effective date by one year. The company is evaluating the effect ASU 2014-09 will have on its consolidated financial statements. In June 2014, the FASB issued ASU 2014-12, “Compensation-Stock Compensation”. The guidance in this ASU requires that a performance target that affects vesting and that could be achieved after the requisite service is treated as a performance condition. As such, the performance target should not be reflected in estimating the grant-date fair value of the award. Compensation cost should be recognized in the period in which it becomes probable that the performance target will be achieved and should represent the compensation cost attributable to the period(s) for which the requisite service has already been rendered. If the performance target becomes probable of being achieved before the end of the requisite period, the remaining unrecognized cost should be recognized prospectively over the remaining service period. The total amount of compensation cost recognized during and after the requisite service period should reflect the number of awards that are expected to vest and should be adjusted to reflect those awards that ultimately vest. The requisite service period ends when the employee can cease rendering service and still be eligible to vest in the award if the performance target is achieved. As indicated in the definition of vest, the stated vesting period (which includes the period in which the performance target could be achieved) may differ from the requisite service period. The guidance in this ASU is effective for annual and interim periods beginning after December 15, 2015. The Company does not expect this ASU to have a significant impact on its financial condition or results of operations. In November 2015, the FASB issued ASU 2015-17, “Balance Sheet Classification of Deferred Taxes”. ASU 2015-17 eliminates the guidance in Topic 740, “Income Taxes”, that required an entity to separate deferred tax liabilities and assets of the same tax jurisdiction or a tax filing group, as well as any related valuation allowance, be offset and presented as a single noncurrent amount in a classified balance sheet. The new guidance requires that all deferred tax assets and liabilities, along with any related valuation allowance, be classified as noncurrent on the balance sheet. As a result each jurisdiction will now only have one net noncurrent deferred tax asset or liability. The guidance in this ASU is effective for public business entities for fiscal years, and for interim periods within those fiscal years, beginning after December 15, 2016. Early adoption is permitted as of the beginning of any interim or annual reporting period. The Company does not expect this ASU to have a significant impact on its financial condition of results of operations. In January 2016, the FASB issued ASU No. 2016-01, “Recognition and Measurement of Financial Assets and Financial Liabilities.” This ASU requires an entity to: (i) measure equity investments at fair value through net income, with certain exceptions; (ii) present in Other Comprehensive Income the changes in instrument-specific credit risk for financial liabilities measured using the fair value option; (iii) present financial assets and financial liabilities by measurement category and form of financial asset; (iv) calculate the fair value of financial instruments for disclosure purposes based on an exit price and; (v) assess a valuation allowance on deferred tax assets related to unrealized losses of AFS debt securities in combination with other deferred tax assets. The Update provides an election to subsequently measure certain nonmarketable equity investments at cost less any impairment and adjusted for certain observable price changes. The Update also requires a qualitative impairment assessment of such equity investments and amends certain fair value disclosure requirements. This ASU is effective for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2017. Early adoption is only permitted for the provision related to instrument-specific credit risk. The Company is currently assessing the impact of ASU 2016-01 will have on its consolidated financial statements. In February 2016, the FASB issued ASU 2016-02, “Leases”. This ASU requires lessees to recognize assets and liabilities arising from most operating leases on the statement of financial position. The Company is currently evaluating the impact of ASU 2016-02, which is effective for the Company on January 1, 2019.

Investment securities available

Investment securities available for sale	12 Months Ended
	Dec. 31, 2015
Investments, Debt and Equity Securities [Abstract]
Investments in Debt and Marketable Equity Securities (and Certain Trading Assets) Disclosure [Text Block]	Note 2. Investment securities available for sale Gross Gross Amortized Unrealized Unrealized Estimated Cost Gains Losses Fair Value December 31, 2015 U.S. Government agencies $ 34,286 $ - $ (573) $ 33,713 Mortgage-backed securities 3,043 1 (43) 3,001 Municipals 1,255 - (50) 1,205 $ 38,584 $ 1 $ (666) $ 37,919 December 31, 2014 U.S. Government agencies $ 34,219 $ - $ (872) $ 33,347 Mortgage-backed securities 484 2 (2) 484 Municipals 5,815 2 (106) 5,711 $ 40,518 $ 4 $ (980) $ 39,542 Investment securities with book values of approximately $ 5,968,000 17,567,000 2015 2014 2013 Gross realized gains $ 13 $ 218 $ 217 Gross realized losses (7) (428) - $ 6 $ (210) $ 217 The Company sold approximately $ 8 22 6 210 The sale of these securities, which had fixed interest rates, allowed the Company to decrease its exposure to the anticipated upward movement in interest rates that would result in unrealized losses being recognized in shareholders’ equity. In 2014, approximately $ 15 Securities in a loss Securities in a loss position for less than position for more than 12 Months 12 Months Total Fair Unrealized Fair Unrealized Fair Unrealized Value Losses Value Losses Value Losses December 31, 2015 US Government Agencies $ 18,598 $ (329) $ 15,115 $ (244) $ 33,713 $ (573) Municipals 707 (14) 497 (36) 1,204 (50) Mortgage-backed securities 2,899 (43) - - 2,899 (43) $ 22,204 $ (386) $ 15,612 $ (280) $ 37,816 $ (666) December 31, 2014 US Government Agencies $ - $ - $ 33,347 $ (872) $ 33,347 $ (872) Municipals - - 5,497 (106) 5,497 (106) Mortgage-backed securities - - 363 (2) 363 (2) $ - $ - $ 39,207 $ (980) $ 39,207 $ (980) All of the unrealized losses are attributable to increases in interest rates and not to credit deterioration. Currently, the Company believes that it is probable that the Company will be able to collect all amounts due according to the contractual terms of the investments. Because the decline in market value is attributable to changes in interest rates and not to credit quality, and because it is not more likely than not that the Company will be required to sell the investments before recovery of their amortized cost bases, which may be maturity, the Company does not consider these investments to be other than temporarily impaired at December 31, 2015. Amortized Estimated Cost Fair Value One to five years $ 13,111 $ 12,926 Five to ten years 19,697 19,294 More than ten years 5,776 5,699 Total $ 38,584 $ 37,919

Loans

Loans	12 Months Ended
	Dec. 31, 2015
Receivables [Abstract]
Loans, Notes, Trade and Other Receivables Disclosure [Text Block]	Loans 2015 2014 Construction and land development Residential $ 5,202 $ 4,315 Commercial 25,948 25,152 31,150 29,467 Commercial real estate Owner occupied 69,256 58,804 Non-owner occupied 38,037 38,892 Multifamily 8,537 11,438 Farmland 388 434 116,218 109,568 Consumer real estate Home equity lines 20,333 20,082 Secured by 1-4 family residential, First deed of trust 56,776 61,837 Second deed of trust 6,485 7,854 83,594 89,773 Commercial and industrial loans (except those secured by real estate) 20,086 22,165 Guaranteed student loans 53,989 33,562 Consumer and other 1,734 1,611 Total loans 306,771 286,146 Deferred loan cost, net 670 722 Less: allowance for loan losses (3,562) (5,729) $ 303,879 $ 281,139 The Bank purchased two portfolios of rehabilitated student loans guaranteed by the Department of Education (“DOE”) totaling approximately $15 million on June 10, 2015 and approximately $9 million on October 23, 2015. The Bank had previously purchased two portfolios of approximately $19 million on July 29, 2014 and approximately $14 million on December 30, 2014. The guarantee covers approximately 98% of principal and accrued interest. The loans are serviced by a third-party servicer that specializes in handling the special needs of the DOE student loan programs. Loans pledged as collateral with the Federal Home Loan Bank of Atlanta (“FHLB”) as part of their lending arrangements with the Company totaled $7,891,000 at December 31, 2015. The Company had not pledged any loans at December 31, 2014. The following is a summary of loans directly or indirectly with executive officers or directors of the Company for the years ended December 31, 2015 and 2014 (in thousands): 2015 2014 Beginning balance $ 8,258 $ 7,929 Additions 5,504 4,888 Reductions (5,689) (4,559) Ending balance $ 8,073 $ 8,258 Executive officers and directors also had unused credit lines totaling $1,375,000 and $1,670,000 at December 31, 2015 and 2014, respectively. All loans and credit lines to executive officers and directors were made in the ordinary course of business at the Company’s normal credit terms, including interest rate and collateralization prevailing at the time for comparable transactions with other persons. Loans are considered past due if the required principal and interest payments have not been received as of the date such payments were due. Loans are placed on nonaccrual status when, in management’s opinion, the borrower may be unable to meet payment obligations as they become due, as well as when required by regulatory provisions. Loans may be placed on nonaccrual status regardless of whether or not such loans are considered past due as long as the remaining recorded investment in the loan is deemed fully collectible. When interest accrual is discontinued, all unpaid accrued interest is reversed. Interest income is subsequently recognized only to the extent cash payments are received in excess of principal due. Loans are returned to accrual status when all principal and interest amounts contractually due are brought to current and future payments are reasonably assured. Year-end nonaccrual loans segregated by type as of December 31, 2015 and 2014 were as follows (in thousands): 2015 2014 Construction and land development Residential $ - $ 164 Commercial 52 217 52 381 Commercial real estate Owner occupied 1,078 2,316 Non-owner occupied - - Farmland - 21 1,078 2,337 Consumer real estate Home equity lines 154 800 Secured by 1-4 family residential, First deed of trust 1,498 2,416 Second deed of trust 421 702 2,073 3,918 Commercial and industrial loans (except those secured by real estate) 508 819 Consumer and other 7 23 Total loans $ 3,718 $ 7,478 The Company assigns risk rating classifications to its loans. These risk ratings are divided into the following groups: · Risk rated 1 to 4 loans are considered of sufficient quality to preclude an adverse rating. These assets generally are well protected by the current net worth and paying capacity of the obligor or by the value of the asset or underlying collateral; · Risk rated 5 loans are defined as having potential weaknesses that deserve management’s close attention; · Risk rated 6 loans are inadequately protected by the current sound worth and paying capacity of the obligor or of the collateral pledged, if any; and · Risk rated 7 loans have all the weaknesses inherent in substandard loans, with the added characteristics that the weaknesses make collection or liquidation in full, on the basis of currently existing facts, conditions and values, highly questionable and improbable. The following tables provide information on the risk rating of loans at the dates indicated (in thousands): Risk Rated Risk Rated Risk Rated Risk Rated Total 1-4 5 6 7 Loans December 31, 2015 Construction and land development Residential $ 5,202 $ - $ - $ - $ 5,202 Commercial 24,053 572 1,323 25,948 29,255 572 1,323 - 31,150 Commercial real estate Owner occupied 64,261 2,850 2,145 - 69,256 Non-owner occupied 35,887 2,055 95 - 38,037 Multifamily 8,337 200 - - 8,537 Farmland 388 - - - 388 108,873 5,105 2,240 - 116,218 Consumer real estate Home equity lines 18,539 435 1,359 - 20,333 Secured by 1-4 family residential First deed of trust 51,200 2,710 2,866 - 56,776 Second deed of trust 5,751 128 606 - 6,485 75,490 3,273 4,831 - 83,594 Commercial and industrial loans (except those secured by real estate) 18,873 373 840 20,086 Guaranteed Student loans 53,989 - - - 53,989 Consumer and other 1,649 62 23 - 1,734 Total loans $ 288,129 $ 9,385 $ 9,257 $ - $ 306,771 Risk Rated Risk Rated Risk Rated Risk Rated Total 1-4 5 6 7 Loans December 31, 2014 Construction and land development Residential $ 3,946 $ 205 $ 164 $ - $ 4,315 Commercial 20,641 1,622 2,889 - 25,152 24,587 1,827 3,053 - 29,467 Commercial real estate Owner occupied 47,175 5,234 6,395 - 58,804 Non-owner occupied 36,439 1,811 642 - 38,892 Multifamily 10,703 735 - 11,438 Farmland 413 21 - 434 94,730 7,780 7,058 - 109,568 Consumer real estate Home equity lines 18,107 465 1,510 - 20,082 Secured by 1-4 family residential First deed of trust 52,513 4,763 4,561 - 61,837 Second deed of trust 6,456 434 964 - 7,854 77,076 5,662 7,035 - 89,773 Commercial and industrial loans (except those secured by real estate) 19,026 2,297 390 452 22,165 Guaranteed student loans 33,562 33,562 Consumer and other 1,488 74 49 - 1,611 Total loans $ 250,469 $ 17,640 $ 17,585 $ 452 $ 286,146 Recorded Greater Investment > 30-59 Days 60-89 Days Than Total Past Total 90 Days and Past Due Past Due 90 Days Due Current Loans Accruing December 31, 2015 Construction and land development Residential $ - $ - $ - $ - $ 5,202 $ 5,202 $ - Commercial - - - - 25,948 25,948 - - - - - 31,150 31,150 - Commercial real estate Owner occupied 327 - - 327 68,929 69,256 - Non-owner occupied - 110 - 110 37,927 38,037 - Multifamily - - - - 8,537 8,537 - Farmland - - - - 388 388 - 327 110 - 437 115,781 116,218 - Consumer real estate Home equity lines - - - - 20,333 20,333 - Secured by 1-4 family residential First deed of trust 163 292 - 455 56,321 56,776 - Second deed of trust 94 - - 94 6,391 6,485 - 257 292 - 549 83,045 83,594 - Commercial and industrial loans (except those secured by real estate) - - - - 20,086 20,086 - Guaranteed student loans 7,816 1,252 8,590 17,658 36,331 53,989 8,590 Consumer and other 10 - - 10 1,724 1,734 - Total loans $ 8,410 $ 1,654 $ 8,590 $ 18,654 $ 288,117 $ 306,771 $ 8,590 Recorded Greater Investment > 30-59 Days 60-89 Days Than Total Past Total 90 Days and Past Due Past Due 90 Days Due Current Loans Accruing December 31, 2014 Construction and land development Residential $ - $ - $ - $ - $ 4,315 $ 4,315 $ - Commercial 92 391 - 483 24,669 25,152 - 92 391 - 483 28,984 29,467 - Commercial real estate Owner occupied 715 - - 715 58,089 58,804 - Non-owner occupied - - - - 38,892 38,892 - Multifamily - - - - 11,438 11,438 - Farmland - - - - 434 434 - 715 - - 715 108,853 109,568 - Consumer real estate Home equity lines 31 139 - 170 19,912 20,082 - Secured by 1-4 family residential First deed of trust - 153 - 153 61,684 61,837 - Second deed of trust 56 - - 56 7,798 7,854 - 87 292 - 379 89,394 89,773 - Commercial and industrial loans (except those secured by real estate) - 47 - 47 22,118 22,165 - Guaranteed student loans 671 392 720 1,783 31,779 33,562 720 Consumer and other - 8 - 8 1,603 1,611 - Total loans $ 1,565 $ 1,130 $ 720 $ 3,415 $ 282,731 $ 286,146 $ 720 Loans greater than 90 days past due are student loans that are guaranteed by the DOE which covers approximately 98% of the principal and interest. Accordingly, these loans will not be placed on nonaccrual status. Loans are considered impaired when, based on current information and events it is probable the Company will be unable to collect all amounts due in accordance with the original contractual terms of the loan agreement, including scheduled principal and interest payments. Loans evaluated individually for impairment include non-performing loans, such as loans on non-accrual, loans past due by 90 days or more, restructured loans and other loans selected by management. The evaluations are based upon discounted expected cash flows or collateral valuations. If the evaluation shows that a loan is individually impaired, then a specific reserve is established for the amount of impairment. Impairment is evaluated in total for smaller-balance loans of a similar nature and on an individual loan basis for other loans. If a loan is impaired, a specific valuation allowance is allocated, if necessary, so that the loan is reported net, at the present value of estimated future cash flows using the loan’s existing rate or at the fair value of collateral if repayment is expected solely from the collateral. Interest payments on impaired loans are typically applied to principal unless collectability of the principal amount is reasonably assured, in which case interest is recognized on a cash basis. Impaired loans, or portions thereof, are charged off when deemed uncollectible. December 31, 2015 Unpaid Recorded Principal Related Investment Balance Allowance With no related allowance recorded Construction and land development Commercial $ 123 $ 190 $ - Commercial real estate Owner occupied 1,066 1,066 Non-owner occupied 2,418 2,418 - 3,484 3,484 - Consumer real estate Home equity lines 1,238 1,247 - Secured by 1-4 family residential First deed of trust 3,984 3,988 - Second deed of trust 962 1,232 - 6,184 6,467 - Commercial and industrial loans (except those secured by real estate) 690 920 - 10,481 11,061 - With an allowance recorded Construction and land development Commercial 1,699 1,699 2 Commercial real estate Owner occupied 5,719 5,734 383 Non-Owner occupied 449 449 26 6,168 6,183 409 Consumer real estate Secured by 1-4 family residential First deed of trust 1,775 1,775 324 Second deed of trust 250 250 98 2,025 2,025 422 Commercial and industrial loans (except those secured by real estate) 136 238 18 10,028 10,145 851 Total Construction and land development Commercial 1,822 1,889 2 1,822 1,889 2 Commercial real estate Owner occupied 6,785 6,800 383 Non-owner occupied 2,867 2,867 26 9,652 9,667 409 Consumer real estate Home equity lines 1,238 1,247 - Secured by 1-4 family residential, First deed of trust 5,759 5,763 324 Second deed of trust 1,212 1,482 98 8,209 8,492 422 Commercial and industrial loans (except those secured by real estate) 826 1,158 18 $ 20,509 $ 21,206 $ 851 December 31, 2014 Unpaid Recorded Principal Related Investment Balance Allowance With no related allowance recorded Construction and land development Residential $ 164 $ 164 $ - Commercial 3,379 3,379 - 3,543 3,543 - Commercial real estate Owner occupied 1,686 1,686 Non-owner occupied 6,593 6,593 - Multifamily 2,322 2,322 - Farmland 21 450 - 10,622 11,051 - Consumer real estate Home equity lines 800 800 - Secured by 1-4 family residential First deed of trust 6,485 6,493 - Second deed of trust 1,103 1,373 - 8,388 8,666 - Commercial and industrial loans (except those secured by real estate) 263 365 - Consumer and other 23 36 - 22,839 23,661 - With an allowance recorded Construction and land development Commercial 589 589 26 Commercial real estate Owner occupied 6,625 6,640 905 Non-Owner occupied 6,625 6,640 905 Consumer real estate Secured by 1-4 family residential First deed of trust 1,415 1,415 200 Second deed of trust 257 257 142 1,672 1,672 342 Commercial and industrial loans (except those secured by real estate) 555 555 239 9,441 9,456 1,512 Total Construction and land development Residential 164 164 - Commercial 3,968 3,968 26 4,132 4,132 26 Commercial real estate Owner occupied 8,311 8,326 905 Non-owner occupied 6,593 6,593 - Multifamily 2,322 2,322 - Farmland 21 450 - 17,247 17,691 905 Consumer real estate Home equity lines 800 800 - Secured by 1-4 family residential, First deed of trust 7,900 7,908 200 Second deed of trust 1,360 1,630 142 10,060 10,338 342 Commercial and industrial loans (except those secured by real estate) 818 920 239 Consumer and other 23 36 - $ 32,280 $ 33,117 $ 1,512 The following is a summary of average recorded investment in impaired loans with and without valuation allowance and interest income recognized on those loans for periods indicated (in thousands): December 31, 2015 2014 Average Interest Average Interest Recorded Income Recorded Income Investment Recognized Investment Recognized With no related allowance recorded Construction and land development Residential $ 61 $ - $ 181 $ 2 Commercial 1,769 95 3,642 205 1,830 95 3,823 207 Commercial real estate Owner occupied 1,349 69 1,705 93 Non-owner occupied 4,435 121 6,693 320 Multifamily - - 2,347 141 Farmland - - 21 - 5,784 190 10,766 554 Consumer real estate Home equity lines 890 51 800 27 Secured by 1-4 family residential First deed of trust 5,374 233 6,581 352 Second deed of trust 1,121 47 1,112 51 7,385 331 8,493 430 Commercial and industrial loans (except those secured by real estate) 344 44 274 15 Consumer and other 9 1 26 2 15,352 661 23,382 1,208 With an allowance recorded Construction and land development Commercial 844 23 601 33 Commercial real estate Owner occupied 6,088 226 5,853 272 Non-Owner occupied 369 24 - - 6,457 250 5,853 272 Consumer real estate Home equity lines 22 - - - Secured by 1-4 family residential First deed of trust 1,434 26 1,464 45 Second deed of trust 277 15 263 11 1,733 41 1,727 56 Commercial and industrial loans (except those secured by real estate) 317 5 570 33 9,351 319 8,751 394 Total Construction and land development Residential 61 - 181 2 Commercial 2,613 118 4,243 238 2,674 118 4,424 240 Commercial real estate Owner occupied 7,437 295 7,558 365 Non-owner occupied 4,804 145 6,693 320 Multifamily - - 2,347 141 Farmland - - 21 - 12,241 440 16,619 826 Consumer real estate Home equity lines 912 51 800 27 Secured by 1-4 family residential, First deed of trust 6,808 259 8,045 397 Second deed of trust 1,398 62 1,375 62 9,118 372 10,220 486 Commercial and industrial loans (except those secured by real estate) 661 49 844 48 Consumer and other 9 1 26 2 $ 24,703 $ 980 $ 32,133 $ 1,602 As of December 31, 2015, 2014 and 2013, the Company had impaired loans of $3,718,000, $7,478,000 and $18,647,000, respectively, which were on nonaccrual status. These loans had valuation allowances of $370,000, $1,087,000 and $1,189,000 as of December 31, 2015, 2014 and 2013, respectively. Cumulative interest income that would have been recorded had nonaccrual loans been performing would have been $146,000, $224,000 and $1,093,000 for 2015, 2014 and 2013, respectively. Included in impaired loans are loans classified as troubled debt restructurings (“TDRs”). A modification of a loan’s terms constitutes a TDR if the creditor grants a concession to the borrower for economic or legal reasons related to the borrowers financial difficulties that it would not otherwise consider. For loans classified as impaired TDRs, the Company further evaluates the loans as performing or nonaccrual. To restore a nonaccrual loan that has been formally restructured in a TDR to accrual status, we perform a current, well documented credit analysis supporting a return to accrual status based on the borrower’s financial condition and prospects for repayment under the revised terms. Otherwise, the TDR must remain in nonaccrual status. The analysis considers the borrower’s sustained historical repayment performance for a reasonable period to the return-to-accrual date, but may take into account payments made for a reasonable period prior to the restructuring if the payments are consistent with the modified terms. A sustained period of repayment performance generally would be a minimum of six months and would involve payments in the form of cash or cash equivalents. An accruing loan that is modified in a TDR can remain in accrual status if, based on a current well-documented credit analysis, collection of principal and interest in accordance with the modified terms is reasonably assured, and the borrower has demonstrated sustained historical repayment performance for a reasonable period before modification. The following is a summary of performing and nonaccrual TDRs and the related specific valuation allowance by portfolio segment as of December 31, 2015 (dollars in thousands). Specific Valuation Total Performing Nonaccrual Allowance December 31, 2015 Construction and land development Residential $ - $ - $ - $ - Commercial 1,699 1,699 - 2 1,699 1,699 - 2 Commercial real estate Owner occupied 5,730 5,458 272 184 Non-owner occupied 2,866 2,866 - 26 Multifamily - - - - 8,596 8,324 272 210 Consumer real estate Home equity lines 87 - 87 - Secured by 1-4 family residential First deeds of trust 4,283 3,544 739 236 Second deeds of trust 693 693 - 1 5,063 4,237 826 237 Commercial and industrial loans (except those secured by real estate) 127 - 127 18 Consumer and other - - - - $ 15,485 $ 14,260 $ 1,225 $ 467 Number of loans 66 51 15 13 Specific Valuation Total Performing Nonaccrual Allowance December 31, 2014 Construction and land development Residential $ 7 - $ 7 $ - Commercial 3,895 3,751 144 17 3,902 3,751 151 17 Commercial real estate Owner occupied 6,317 5,149 1,168 325 Non-owner occupied 6,593 6,593 - - Multifamily 2,322 2,322 - - 15,232 14,064 1,168 325 Consumer real estate Home equity lines - - - - Secured by 1-4 family residential - - - - First deeds of trust 6,990 5,494 1,496 200 Second deeds of trust 762 658 104 5 7,752 6,152 1,600 205 Commercial and industrial loans (except those secured by real estate) 239 - 239 12 Consumer and other 16 - 16 - $ 27,141 $ 23,967 $ 3,174 $ 559 Number of loans 107 77 30 21 The following table provides information about TDRs identified during the indicated periods (dollars in thousands). December 31, 2015 December 31, 2014 Pre- Post- Pre- Post- Modification Modification Modification Modification Number of Recorded Recorded Number of Recorded Recorded Loans Balance Balance Loans Balance Balance Construction and land development Commercial - $ - $ - 1 $ 45 $ 45 - - - 1 45 45 Commercial real estate Owner occupied - - - 7 729 729 - - - 7 729 729 Consumer real estate Home equity lines 1 87 87 - - - Secured by 1-4 family residential First deed of trust - - - 2 727 727 Second deed of trust - - - 2 104 104 1 87 87 4 831 831 1 $ 87 $ 87 12 $ 1,605 $ 1,605 The following table provides information about defaults on TDRs for the indicated periods (dollars in thousands). December 31, 2015 December 31, 2014 Number of Recorded Number of Recorded Loans Balance Loans Balance Construction and land development Residential - $ - 1 $ 7 Commercial - 5 144 - - 6 151 Commercial real estate Owner occupied 1 156 1 160 1 156 1 160 Consumer real estate Secured by 1-4 family residential First deed of trust 11 889 14 1,037 Second deed of trust 2 94 2 104 13 983 16 1,141 Commercial and industrial (except those secured by real estate) 1 127 2 240 15 $ 1,266 25 $ 1,692

Allowance for loan losses

Allowance for loan losses	12 Months Ended
	Dec. 31, 2015
Provision for Loan and Lease Losses [Abstract]
Allowance for Credit Losses [Text Block]	Note 4. Allowance for loan losses Beginning Provision for Ending Balance Loan Losses Charge-offs Recoveries Balance Year Ended December 31, 2015 Construction and land development Residential $ 34 $ (6) $ - $ 2 $ 30 Commercial 202 292 (252) 49 291 236 286 (252) 51 321 Commercial real estate Owner occupied 1,837 (576) (127) 33 1,167 Non-owner occupied 607 (151) - 4 460 Multifamily 77 (26) - - 51 Farmland 130 (113) - - 17 2,651 (866) (127) 37 1,695 Consumer real estate Home equity lines 469 36 (62) 5 448 Secured by 1-4 family residential First deed of trust 1,345 (1,020) (103) 380 602 Second deed of trust 275 (159) (55) 50 111 2,089 (1,143) (220) 435 1,161 Commercial and industrial loans (except those secured by real estate) 506 (350) (162) 100 94 Student loans 217 13 - - 230 Consumer and other 30 60 (55) 26 61 $ 5,729 $ (2,000) $ (816) $ 649 $ 3,562 Year Ended December 31, 2014 Construction and land development Residential $ 135 $ (103) $ - $ 2 $ 34 Commercial 1,274 (1,016) (100) 44 202 1,409 (1,119) (100) 46 236 Commercial real estate Owner occupied 1,200 1,268 (631) - 1,837 Non-owner occupied 670 430 (518) 25 607 Multifamily 19 58 - - 77 Farmland 337 (111) (96) - 130 2,226 1,645 (1,245) 25 2,651 Consumer real estate Home equity lines 424 506 (476) 15 469 Secured by 1-4 family residential First deed of trust 1,992 (442) (277) 72 1,345 Second deed of trust 394 (223) (86) 190 275 2,810 (159) (839) 277 2,089 Commercial and industrial loans (except those secured by real estate) 724 (447) (172) 401 506 Student loans - 217 - - 217 Consumer and other 70 (37) (25) 22 30 $ 7,239 $ 100 $ (2,381) $ 771 $ 5,729 Beginning Provision for Ending Balance Loan Losses Charge-offs Recoveries Balance Year Ended December 31, 2013 Construction and land development Residential $ 495 $ (462) $ - $ 102 $ 135 Commercial 4,611 (3,482) (279) 424 1,274 5,106 (3,944) (279) 526 1,409 Commercial real estate Owner occupied 1,359 252 (454) 43 1,200 Non-owner occupied 817 452 (619) 20 670 Multifamily 23 (4) - - 19 Farmland - 1,233 (896) - 337 2,199 1,933 (1,969) 63 2,226 Consumer real estate Home equity lines 658 23 (266) 9 424 Secured by 1-4 family residential First deed of trust 1,358 2,493 (1,953) 94 1,992 Second deed of trust 224 498 (367) 39 394 2,240 3,014 (2,586) 142 2,810 Commercial and industrial loans (except those secured by real estate) 1,162 145 (760) 177 724 Consumer and other 101 25 (65) 9 70 $ 10,808 $ 1,173 $ (5,659) $ 917 $ 7,239 Overall the recovery of loan losses recorded for the year ended December 31, 2015 was due primarily to credit quality improvements and an enhanced model for evaluating inherent losses in the Bank’s loan portfolio. December 31, 2015 2014 2013 Classified assets $ 15,375 $ 30,684 $ 61,690 Nonaccrual loans 3,718 7,478 18,647 Foreclosed real estate 6,249 12,638 16,742 During the fourth quarter of 2015, we adopted a software solution for the analysis of the allowance for loan losses. While our methodology of evaluating the adequacy of the allowance for loan losses generally did not change, the software is more robust in that it: · allows us to take a more measureable approach to our evaluation of qualitative factors such as economic conditions that may affect loss experience; and · is widely used by community banks which provides peer data that can be used as a benchmark for comparison to our analysis. In addition to the adoption of the software solution for our analysis, we reviewed the last twenty years of historical loss data for peer banks in Virginia to assist us in our evaluation of environmental factors and other conditions that could affect the loan portfolio and the overall adequacy of the allowance for loan losses. The allowance for loan losses at each of the periods presented includes an amount that could not be identified to individual types of loans referred to as the unallocated portion of the allowance. We recognize the inherent imprecision in estimates of losses due to various uncertainties and variability related to the factors used, and therefore a reasonable range around the estimate of losses is derived and used to ascertain whether the allowance is too high. We concluded that the unallocated portion of the allowance was acceptable given the continued higher level of classified assets and was within a reasonable range around the estimate of losses. At December 31, 2015 the allowance for loan losses included an unallocated portion of approximately 59 · The recovery of loan losses totaling $ 1,119 3,944 7.81 4.82 0.27 1,643 12,945 · The recovery of loan losses totaling $ 866 0.96 0.57 1,220 90 6,179 7,021 · The recovery of loan losses totaling $ 1,143 1.36 0.24 562 215 Recorded Investment in Loans Allowance Loans Loans aquired Loans aquired Ending with deteriorated Ending with deteriorated Balance Individually Collectively credit quaility Balance Individually Collectively credit quaility Year Ended December 31, 2015 Construction and land development Residential $ 30 $ - $ 30 $ - $ 5,202 $ - $ 5,202 $ - Commercial 291 2 289 - 25,948 1,822 24,126 - 321 2 319 - 31,150 1,822 29,328 - Commercial real estate Owner occupied 1,167 383 784 - 69,256 6,785 62,471 - Non-owner occupied 460 26 434 - 38,037 2,867 35,170 - Multifamily 51 - 51 - 8,537 - 8,537 - Farmland 17 - 17 - 388 - 388 - 1,695 409 1,286 - 116,218 9,652 106,566 - Consumer real estate Home equity lines 448 - 448 - 20,333 1,238 19,095 - Secured by 1-4 family residential First deed of trust 602 324 278 - 56,776 5,759 51,017 - Second deed of trust 111 98 13 - 6,485 1,212 5,273 - 1,161 422 739 - 83,594 8,209 75,385 - Commercial and industrial loans (except those secured by real estate) 94 18 76 - 20,086 826 19,260 - Student loans 230 - 230 53,989 - 53,989 - Consumer and other 61 - 61 - 1,734 - 1,734 - $ 3,562 $ 851 $ 2,711 $ - $ 306,771 $ 20,509 $ 286,262 $ - Year Ended December 31, 2014 Construction and land development Residential $ 34 $ - $ 34 $ - $ 4,315 $ 164 $ 4,151 $ - Commercial 202 26 176 - 25,152 3,968 21,184 - 236 26 210 - 29,467 4,132 25,335 - Commercial real estate Owner occupied 1,837 905 932 - 58,804 8,311 50,493 - Non-owner occupied 607 - 607 - 38,892 6,593 32,299 - Multifamily 77 - 77 - 11,438 2,322 9,116 - Farmland 130 - 130 - 434 21 413 - 2,651 905 1,746 - 109,568 17,247 92,321 - Consumer real estate Home equity lines 469 - 469 - 20,082 800 19,282 - Secured by 1-4 family residential First deed of trust 1,345 200 1,145 - 61,837 7,900 53,937 - Second deed of trust 275 142 133 - 7,854 1,360 6,494 - 2,089 342 1,747 - 89,773 10,060 79,713 - Commercial and industrial loans (except those secured by real estate) 506 239 267 - 22,165 818 21,347 - Student loans 217 - 217 33,562 - 33,562 - Consumer and other 30 - 30 - 1,611 23 1,588 - $ 5,729 $ 1,512 $ 4,217 $ - $ 286,146 $ 32,280 $ 253,866 $ - Year Ended December 31, 2013 Construction and land development Residential $ 135 $ - $ 135 $ - $ 2,931 $ 216 $ 2,715 $ - Commercial 1,274 227 1,047 - 28,179 5,205 22,974 - 1,409 227 1,182 - 31,110 5,421 25,689 - Commercial real estate Owner occupied 1,200 673 527 - 73,584 11,713 61,871 - Non-owner occupied 670 371 299 - 43,868 13,066 30,802 - Multifamily 19 - 19 - 11,560 2,373 9,187 - Farmland 337 - 337 - 1,463 117 1,346 - 2,226 1,044 1,182 - 130,475 27,269 103,206 - Consumer real estate Home equity lines 424 - 424 - 21,246 1,630 19,616 - Secured by 1-4 family residential - First deed of trust 1,992 484 1,508 - 66,873 10,361 56,512 - Second deed of trust 394 32 362 - 8,675 1,257 7,418 - 2,810 516 2,294 - 96,794 13,248 83,546 - Commercial and industrial loans (except those secured by real estate) 724 43 681 - 26,254 5,513 20,741 - Consumer and other 70 - 70 - 1,930 32 1,898 - $ 7,239 $ 1,830 $ 5,409 $ - $ 286,563 $ 51,483 $ 235,080 $ -

Premises and equipment

Premises and equipment	12 Months Ended
	Dec. 31, 2015
Property, Plant and Equipment [Abstract]
Property, Plant and Equipment Disclosure [Text Block]	Note 5. Premises and equipment 2015 2014 Land $ 4,858 $ 4,930 Buildings and improvements 9,216 9,311 Furniture, fixtures and equipment 7,437 7,395 Total premises and equipment 21,511 21,636 Less: Accumulated depreciation and amortization (7,840) (7,335) Premises and equipment, net $ 13,671 $ 14,301 Depreciation and amortization of premises and equipment for 2015, 2014 and 2013 amounted to $ 843,000 681,000 1,311,000

Investment in bank owned life i

Investment in bank owned life insurance	12 Months Ended
	Dec. 31, 2015
Investments, All Other Investments [Abstract]
Life Insurance, Corporate or Bank Owned [Text Block]	Note 6. Investment in bank owned life insurance The Bank is owner and designated beneficiary on life insurance policies in the aggregate face amount of $ 14,254,000 7,130,000 6,947,000

Deposits

Deposits	12 Months Ended
	Dec. 31, 2015
Deposits [Abstract]
Deposit Liabilities Disclosures [Text Block]	Note 7. Deposits 2015 2014 Demand accounts $ 78,282 $ 77,496 Interest checking accounts 44,256 42,924 Money market accounts 64,841 64,987 Savings accounts 19,403 20,643 Time deposits of $250,000 and over 9,717 9,965 Other time deposits 148,349 162,845 Total $ 364,848 $ 378,860 Greater than Year Ending Less Than or Equal to December 31, $250,000 $250,000 Total 2016 $ 82,213 $ 5,450 $ 87,663 2017 26,551 1,146 27,697 2018 18,315 2,267 20,582 2019 4,816 - 4,816 2020 16,454 854 17,308 $ 148,349 $ 9,717 $ 158,066 Deposits held at the Company by related parties, which include officers, directors, greater than 5 6,240,000 7,305,000

Borrowings

Borrowings	12 Months Ended
	Dec. 31, 2015
Debt Disclosure [Abstract]
Debt Disclosure [Text Block]	Note 8. Borrowings The Company uses both short-term and long-term borrowings to supplement deposits when they are available at a lower overall cost to the Company or they can be invested at a positive rate of return. As a member of the Federal Home Loan Bank of Atlanta, the Bank is required to own capital stock in the FHLB and is authorized to apply for advances from the FHLB. The Company held $ 685,000 1,073,000 6,000,000 2018 14,000,000 Maturity Interest Advance Type Date Rate Amount Fixed Rate Credit 02/25/2016 2.65 % $ 1,000 Fixed Rate Credit 04/11/2016 2.71 % 1,000 Fixed Rate Credit 06/01/2016 0.56 % 800 Fixed Rate Credit 12/01/2016 0.81 % 800 Fixed Rate Credit 06/01/2017 1.06 % 800 Fixed Rate Credit 12/01/2017 1.27 % 800 Fixed Rate Credit 06/01/2018 1.48 % 800 $ 6,000 The Company uses federal funds purchased and repurchase agreements for short-term borrowing needs. Securities sold under agreements to repurchase are classified as borrowings and generally mature within one to four days from the transaction date. Securities sold under agreements to repurchase are reflected at the amount of cash received in connection with the transaction. The Company may be required to provide additional collateral based on the fair value of the underlying securities. The carrying value of these repurchase agreements was $ 508,000 3,302,000 Year Ended December 31, 2015 2014 Maximum outstanding during the year FHLB advances $ 14,000 $ 18,000 Balance outstanding at end of year FHLB advances 6,000 14,000 Average amount outstanding during the year FHLB advances 9,027 15,468 Average interest rate during the year FHLB advances 1.88 % 2.16 % Average interest rate at end of year FHLB advances 1.58 % 2.07 %

Income taxes

Income taxes	12 Months Ended
	Dec. 31, 2015
Income Tax Disclosure [Abstract]
Income Tax Disclosure [Text Block]	Note 9. Income taxes 2015 2014 Deferred tax assets Net operating loss carryforward $ 8,475 $ 8,017 Capital loss carryforward 69 - State net operating loss carryfoward 11 - Allowance for loan losses 1,211 1,948 Unrealized loss on available-for-sale securities 226 332 Interest on nonaccrual loans 50 76 Expenses and writedowns related to foreclosed property 991 1,095 Merger stock options replacement - 90 Stock compensation 140 45 Employee benefits 1,015 954 Pension expense 35 40 Depreciation - - Other, net 38 32 Goodwill 39 55 Total deferred tax assets 12,300 12,684 Deferred tax liabilities Depreciation 43 11 Amortization of intangibles 34 67 Total deferred tax liabilities 77 78 Net deferred tax asset prior to valuation allowance 12,223 12,606 Less Unrealized gain/(loss) on available-for-sale securities (226) (332) Net deferred tax asset subject to valuation allowance 11,997 12,274 Less valuation allowance 11,997 12,274 Net deferred tax asset $ 226 $ 332 The net deferred tax asset is included in other assets on the consolidated balance sheet. Accounting Standards Codification Topic 740, Income Taxes 12,274,000 11,997,000 23,563,000 1,257,000 908,000 2015 2014 2013 Current tax expense (benefit) $ - $ 67 $ 71 Deferred tax expense (benefit) 277 (401) (1,852) Valuation allowance (277) 334 1,781 Provision (benefit) for income taxes $ - $ - $ - 2015 2014 2013 Net income (loss) before income taxes $ 646 $ (1,037) $ (4,007) Computed "expected" tax benefit $ 220 $ (352) $ (1,362) Valuation allowance change (277) 334 1,781 State taxes, net of fed - 44 46 Cash surrender value of life insurance (62) (62) (64) Other 119 36 (401) Provision (benefit) for income taxes $ - $ - $ - Commercial banking organizations conducting business in Virginia are not subject to Virginia income taxes. Instead, they are subject to a franchise tax based on bank capital. Due to the Company’s adjusted capital level we were not subject to franchise tax expense for the years ended December 31, 2015, 2014 and 2013. The Company is currently under an IRS examination of its federal tax return for the year ended December 31, 2013. The outcome of this audit is currently unknown, but we do not believe it will have a material impact on the Company’s financial condition or results of operations.

Earnings (loss) per share

Earnings (loss) per share	12 Months Ended
	Dec. 31, 2015
Earnings Per Share [Abstract]
Earnings Per Share [Text Block]	Note 10. Earnings (loss) per share 2015 2014 2013 Numerator Net income (loss) - basic and diluted $ 646 $ (1,037) $ (4,007) Preferred stock dividend and accretion (674) 1,436 886 Preferred stock principal forgiveness 4,404 - - Preferred stock dividend forgiveness 2,215 - - Net income (loss) available to common shareholders $ 6,591 $ (2,473) $ (4,893) Denominator Weighted average shares outstanding - basic 1,166 334 271 Dilutive effect of common stock options and restricted stock awards 35 - - Weighted average shares outstanding - diluted 1,201 334 271 Earnings (loss) per share - basic $ 5.65 $ (7.39) $ (18.06) Earnings (loss) per share - diluted $ 5.49 $ (7.39) $ (18.06) Outstanding options and warrants to purchase common stock were considered in the computation of diluted earnings per share for the periods presented. Stock options for 6,830 5,338 14,642 320

Lease commitments

Lease commitments	12 Months Ended
	Dec. 31, 2015
Leases [Abstract]
Leases of Lessee Disclosure [Text Block]	Note 11. Lease commitments Certain premises and equipment are leased under various operating leases. Total rent expense charged to operations was $422,000, $439,000 and $446,000 in 2015, 2014 and 2013, respectively. 2016 $ 399 2017 316 2018 314 2019 212 2020 206 $ 1,447

Commitments and contingencies

Commitments and contingencies	12 Months Ended
	Dec. 31, 2015
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies Disclosure [Text Block]	Note 12. Commitments and contingencies Off-balance-sheet risk – The Company is a party to financial instruments with off-balance-sheet risk in the normal course of business to meet the financial needs of its customers. These financial instruments include commitments to extend credit and standby letters of credit. These instruments involve, to varying degrees, elements of credit and interest-rate risk in excess of the amounts recognized in the financial statements. The contract amounts of these instruments reflect the extent of involvement that the Company has in particular classes of instruments. The Company’s exposure to credit loss in the event of non-performance by the other party to the financial instrument for commitments to extend credit, and to potential credit loss associated with letters of credit issued, is represented by the contractual amount of those instruments. The Company uses the same credit policies in making commitments and conditional obligations as it does for loans and other such on-balance sheet instruments. Contract Contract Amount Amount 2015 2014 Undisbursed credit lines $ 46,656 $ 38,064 Commitments to extend or originate credit 9,132 9,207 Standby letters of credit 1,484 1,571 Total commitments to extend credit $ 57,272 $ 48,842 Commitments to extend credit are agreements to lend to a customer as long as there is no violation of any condition established in the contract. Commitments generally have fixed expiration dates or other termination clauses and may require the payment of a fee. Historically, many commitments expire without being drawn upon; therefore, the total commitment amounts shown in the above table are not necessarily indicative of future cash requirements. The Company evaluates each customer’s creditworthiness on a case-by-case basis. The amount of collateral obtained, as deemed necessary by the Company upon extension of credit is based on management’s credit evaluation of the customer. Collateral held varies but may include personal or income-producing commercial real estate, accounts receivable, inventory and equipment. Concentrations of credit risk – Generally, the Company’s loans, commitments to extend credit, and standby letters of credit have been granted to customers in the Company’s market area. Although the Company is building a diversified loan portfolio, a substantial portion of its clients’ ability to honor contracts is reliant upon the economic stability of the Richmond, Virginia area, including the real estate markets in the area. The concentrations of credit by type of loan are set forth in Note 3. The distribution of commitments to extend credit approximates the distribution of loans outstanding. Consent Order – On December 22, 2015, the Bank was notified by the Federal Deposit Insurance Corporation (the “FDIC”) and the Virginia Bureau of Financial Institutions (the “Supervisory Authorities”) that the Consent Order (the “Consent Order”) under which the Bank has been operating since February 3, 2012 was terminated effective December 14, 2015. While in place, the Consent Order’s requirements and restraints on the Bank’s operations and activities included the following: ⋅ The Bank was required to retain a consultant to develop a written analysis and assessment of the Bank’s management and staffing needs for the purpose of providing qualified management for the Bank. ⋅ The Bank was required to maintain Tier 1 capital equal to or greater than 8 11 ⋅ The Bank was required to eliminate from its books, by charge-off or collection, all assets or portions of assets classified “loss” and 50 ⋅ The Bank was prohibited from extending, directly or indirectly, any additional credit to, or for the benefit of, any borrower who had a loan or other extension of credit from the Bank that had been charged off or classified, in whole or in part, “loss” or “doubtful” and was uncollected. ⋅ The Bank was prohibited from extending, directly or indirectly, any additional credit to any borrower who had a loan or other extension of credit from the Bank that had been classified “substandard.” ⋅ The Bank was required to notify the Supervisory Authorities at least 60 days prior to undertaking asset growth that exceeded 10 ⋅ The Bank was prohibited from declaring or paying dividends, paying bonuses, or paying any form of payment outside the ordinary course of business resulting in a reduction of capital without the prior written approval of the Supervisory Authorities. In addition, the Bank was prohibited from making any distributions of interest, principal, or other sums on subordinated debentures without prior written approval of the Supervisory Authorities. ⋅ The Bank was prohibited from accepting, renewing, or rolling over any brokered deposits unless it was in compliance with the requirements of the FDIC regulations governing brokered deposits. ⋅ The Bank was required to prepare and submit written plans or reports to the Supervisory Authorities concerning liquidity, contingency funding, interest rate risk, reducing classified assets, lending and collection policies, internal loan review and grading system, managing the Bank’s other real estate owned, overall operation of the Bank, budget for all categories of income and expense for the year 2011, managing interest rate risk, and the Bank’s information technology function. Under the Consent Order, the Bank’s board of directors also agreed to increase its participation in the affairs of the Bank, including assuming full responsibility for the approval of policies and objectives for the supervision of all of the Bank’s activities. The Bank was also required to establish a board committee to monitor and coordinate compliance with the Consent Order. Memorandum of Understanding – As indicated above, the Consent Order was terminated effective December 14, 2015. In place of the Consent Order, the Bank’s board of directors has made certain written assurances to the Supervisory Authorities in the form of a Memorandum of Understanding (the “MOU”) concerning asset quality, earnings, regulatory violations, minimum capital levels, asset growth, restrictions on paying dividends and a requirement to furnish progress reports to the Supervisory Authorities. The MOU is considered an informal regulatory action. Written Agreement – In June 2012, the Company entered into a written agreement (“Written Agreement”) with the Federal Reserve Bank of Richmond (the “Reserve Bank”). Pursuant to the terms of the Written Agreement, the Company developed and submitted to the Reserve Bank written plans to maintain sufficient capital and correct any violations of Section 23A of the Federal Reserve Act and Regulation W. In addition, the Company submitted a written statement of its planned sources and uses of cash for debt service, operation expenses, and other purposes. The Company also has agreed that it will not, without prior regulatory approval: ⋅ pay or declare any dividends; ⋅ make any other form of payment representing a reduction in Bank’s capital; ⋅ make any distributions of interest, principal or other sums on subordinated debentures or trust preferred securities; ⋅ incur, increase or guarantee any debt; or ⋅ purchase or redeem any shares of its stock. The Company has taken numerous steps to comply with the terms of the MOU and Written Agreement. As of December 31, 2015, we believe we have complied with all requirements of the MOU and Written Agreement with the exception of the correction of the violations of Section 23A of the Federal Reserve Act and Regulation W. IRS Examination – The Company is currently under an IRS examination of its payroll tax filings for the periods ended December 31, 2013 and 2014. The outcome of this audit is currently unknown, but we do not believe it will have a material impact on the Company’s financial condition or results of operations.

Shareholders' equity and regula

Shareholders' equity and regulatory matters	12 Months Ended
	Dec. 31, 2015
Shareholders Equity And Regulatory Matters [Abstract]
Shareholders Equity And Regulatory Matters [Text Block]	Note 13. Shareholders’ equity and regulatory matters On May 1, 2009, as part of the Capital Purchase Program (the “TARP Program”) established by the U.S. Department of the Treasury (the “Treasury”) under the Emergency Economic Stabilization Act of 2008, the Company entered into a Letter Agreement and Securities Purchase Agreement—Standard Terms (collectively, the “Purchase Agreement”) with the Treasury, pursuant to which the Company sold (i) 14,738 4.00 1,000 499,029 4.43 14,738,000 13 20 10,208,000 2.03 6.162 5 534,000 10,742,000 95 5 14,738,000 14,006,000 732,000 The preferred stock qualifies as Tier 1 capital and accrued cumulative dividends at a rate of 5 9 The Warrant was immediately exercisable. The Warrant provides for the adjustment of the exercise price and the number of shares of common stock issuable upon exercise pursuant to customary anti-dilution provisions, such as upon stock splits or distributions of securities or other assets to holders of common stock, and upon certain issuances of common stock at or below a specified price relative to the then-current market price of common stock. The Warrant expires ten years from the issuance date. Pursuant to the Purchase Agreement, the Treasury has agreed not to exercise voting power with respect to any shares of common stock issued upon exercise of the Warrant. In accordance with the Company’s Written Agreement with the Reserve Bank, the Company has been deferring quarterly cash dividends on the preferred stock since May 2011. The total arrearage on such preferred stock as of December 31, 2015 was $ 2,077,477 2,215,009 In February 2012, the Bank entered into the Consent Order with the Supervisory Authorities that provided that, within 90 days from the date of the order and during the life of the order, the Bank must have a leverage capital ratio equal to or greater than 8 11 12.85 In November 2013, the Company participated in a successful auction of the Company’s preferred stock by the Treasury that resulted in the purchase of the preferred stock by private and institutional investors. On December 4, 2013, the Company issued 67,907 1,684,075 24.80 30 On August 6, 2014, the Company filed Articles of Amendment to its Articles of Incorporation with the Virginia State Corporation Commission to effect a reverse stock split of its outstanding common stock which became effective on August 8, 2014. As a result of the reverse split, every sixteen shares of the Company’s issued and outstanding common stock were consolidated into one issued and outstanding share of common stock. On March 27, 2015, the Company completed a rights offering to shareholders (the “Rights Offering”) and concurrent standby offering to Kenneth R. Lehman (the “Standby Offering”), in which the Company issued an aggregate of 1,051,866 13.87 14,589,381 4,618,813 283,293 191,773 36.9 576,800 333,007 9,023 243,793 The Bank is subject to various regulatory capital requirements administered by the federal and state banking agencies. Failure to meet minimum capital requirements can initiate certain mandatory and possible additional discretionary, actions by regulators that, if undertaken, could have a direct material effect on the Bank’s financial statements. Under the capital adequacy guidelines and the regulatory framework for prompt corrective action, the Bank must meet specific capital guidelines that involve quantitative measures of the Bank’s assets, liabilities, and certain off-balance-sheet items as calculated under regulatory accounting practices. The Bank’s capital amounts and classification are also subject to qualitative judgments by the regulators about components, risk weightings, and other factors. Quantitative measures are established by regulation to ensure capital adequacy require the Bank to maintain minimum amounts and ratios (set forth in the table below) of total and Tier 1 Capital (as defined in the regulations) to risk-weighted assets, and of Tier 1 Capital to average assets (the Leverage ratio). Federal regulatory agencies are required by law to adopt regulations defining five capital tiers: well capitalized, adequately capitalized, undercapitalized, significantly undercapitalized, and critically undercapitalized. The Bank met the ratio criteria to be categorized as a “well capitalized” institution as of December 31, 2015, 2014 and 2013. However, due to the minimum capital ratios required by the prior Consent Order, the Bank was considered adequately capitalized in 2014 and 2013. The MOU requires the Bank to maintain a leverage ratio of at least 8 12 9.33 14.02 In July 2013, the Board of Governors of the Federal Reserve Board and the FDIC approved the final rules implementing the Basel Committee on Banking Supervision's capital guidelines for U.S. banks (commonly known as Basel III). Under the final rules, which began for the Company and the Bank on January 1, 2015 and are subject to a phase-in period through January 1, 2019, minimum requirements will increase for both the quantity and quality of capital held by the Company and the Bank. The rules include a new common equity Tier 1 capital to risk-weighted assets ratio (“CET1 ratio”) of 4.5% and a capital conservation buffer of 2.5 7.0 4.0 6.0 8.5 For Capital Actual Adequacy Purposes To be Well Capitalized Amount Ratio Amount Ratio Amount Ratio December 31, 2015 Total capital (to risk-weighted assets) Consolidated $ 42,397,000 13.90 % $ 24,394,000 8.00 % $ 30,492,000 10.00 % Village Bank 42,695,000 14.02 % 24,369,000 8.00 % 30,461,000 10.00 % Tier 1 capital (to risk- weighted assets) Consolidated 35,977,000 11.80 % 12,197,000 4.00 % 18,295,000 6.00 % Village Bank 39,133,000 12.85 % 12,184,000 4.00 % 18,277,000 6.00 % Leverage ratio (Tier 1 capital to average assets) Consolidated 35,977,000 8.43 % 17,062,000 4.00 % 21,328,000 5.00 % Village Bank 39,133,000 9.33 % 16,776,000 4.00 % 20,970,000 5.00 % Common equity tier 1 (to risk- weighted assets) Village Bank 39,133,000 12.85 % 13,707,000 4.50 % 15,231,000 6.50 % December 31, 2014 Total capital (to risk- weighted assets) Consolidated $ 31,946,000 11.17 % $ 22,875,000 8.00 % $ 28,594,000 10.00 % Village Bank 34,253,000 12.08 % 22,926,000 8.00 % 28,358,000 10.00 % Tier 1 capital (to risk- weighted assets) Consolidated 21,037,000 7.36 % 11,437,000 4.00 % 17,156,000 6.00 % Village Bank 30,681,000 10.82 % 11,343,000 4.00 % 17,015,000 6.00 % Leverage ratio (Tier 1 capital to average assets) Consolidated 21,037,000 4.90 % 17,170,000 4.00 % 21,463,000 5.00 % Village Bank 30,681,000 7.18 % 17,084,000 4.00 % 21,355,000 5.00 % (1) Under the Consent Order, the Bank was not considered well capitalized even though it met the ratio requirements to be classified as such at December 31, 2014. The MOU requires the total capital to risk-weighted assets to be at least 12 8 The Company is currently prohibited by its Written Agreement with the Reserve Bank from making dividend or interest payments on the TARP Program preferred stock or trust preferred capital notes without prior regulatory approval. In addition, the MOU with the Supervisory Authorities provides that the Bank will not pay any dividends, pay bonuses or make any other form of payment outside the ordinary course of business resulting in a reduction of capital, without regulatory approval.

Stock incentive plan

Stock incentive plan	12 Months Ended
	Dec. 31, 2015
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Disclosure of Compensation Related Costs, Share-based Payments [Text Block]	Note 14. Stock incentive plan In accordance with accounting standards the Company measures the cost of employee services received in exchange for an award of equity instruments based on the grant-date fair value of the award (with limited exceptions). That cost is recognized over the period during which an employee is required to provide service in exchange for the award rather than disclosed in the financial statements. Year Ended December 31, 2015 2014 Weighted Weighted Average Average Exercise Fair Value Intrinsic Exercise Fair Value Intrinsic Options Price Per Share Value Options Price Per Share Value Options outstanding, beginning of period 6,830 $ 92.34 $ 52.74 6,210 $ 99.03 $ 64.96 Granted - - - 884 25.28 15.52 Forfeited (3,901) 168.79 95.85 (264) 25.28 80.33 Exercised - - - - - - Options outstanding, end of period 2,929 $ 24.47 $ 12.71 $ - 6,830 $ 92.34 $ 57.97 $ - Options exercisable, end of period 1,730 5,318 Year Ended December 31, 2013 Weighted Average Exercise Fair Value Intrinsic Options Price Per Share Value Options outstanding, beginning of period 15,977 $ 155.36 $ 74.40 Granted 1,760 25.28 9.76 Forfeited (11,527) 123.20 79.84 Exercised - - - Options outstanding, end of period 6,210 $ 99.03 $ 64.96 $ - Options exercisable, end of period 4,607 Outstanding Exercisable Weighted Average Remaining Weighted Weighted Years of Average Average Range of Number of Contractual Exercise Number of Exercise Exercise Prices Options Life Price Options Price $16.00-$25.76 2,929 28.70 $ 24.47 1,730 $ 23.75 During the third quarter of 2015, we granted certain officers 40,675 restricted shares of common stock with a weighted average fair market value of $19.72 at the date of grant. During the first and third quarters of 2014, we granted certain officers 4,423 6,278 1,625 21.28 27.04 27.69 43,405 11,767 The fair value of the stock is calculated under the same methodology as stock options and the expense is recognized over the vesting period. Unamortized stock-based compensation related to non-vested share based compensation arrangements granted under the Incentive Plan as of December 31, 2015 and 2014 was $ 514,000 329,000 514,000 2.27 Weighted- Average Aggregate Grant-Date Intrinsic Shares Fair-Value Value December 31, 2014 14,084 $ 25.41 $ 267,596 Granted 40,675 19.72 772,825 Vested (11,354) 15.99 (215,726) Forfeited - - - December 31, 2015 43,405 $ 22.54 $ 824,695 Stock-based compensation expense was $ 262,000 131,000 11,000

Trust preferred securities

Trust preferred securities	12 Months Ended
	Dec. 31, 2015
Trust Preferred Securities [Abstract]
Trust Preferred Securities [Text Block]	Note 15. Trust preferred securities During the first quarter of 2005, Southern Community Financial Capital Trust I, a wholly-owned subsidiary of the Company, was formed for the purpose of issuing redeemable securities. On February 24, 2005 5.2 three-month LIBOR plus 2.15% 2.69 2.40 March 15, 2035 5.2 During the third quarter of 2007, Village Financial Statutory Trust II, a wholly–owned subsidiary of the Company, was formed for the purpose of issuing redeemable securities. On September 20, 2007 3.6 three-month LIBOR plus 1.4% 1.94 3.6 The Trust Preferred Capital Notes may be included in Tier 1 capital for regulatory capital adequacy determination purposes up to 25 The obligations of the Company with respect to the issuance of the Trust Preferred Capital Notes constitute a full and unconditional guarantee by the Company of the Trust’s obligations with respect to the Trust Preferred Capital Notes. Subject to certain exceptions and limitations, the Company may elect from time to time to defer interest payments on the junior subordinated debt securities, which would result in a deferral of distribution payments on the related Trust Preferred Capital Notes and require a deferral of common dividends. In consideration of our agreements with our regulators, which require regulatory approval to make interest payments on these securities, the Company has deferred an aggregate of $ 1,273,000 The Company received notification on February 26, 2016 from the Reserve Bank approving the payment of all accrued and deferred interest payments on trust preferred securities bringing the Company current as of March 2016.

Retirement plans

Retirement plans	12 Months Ended
	Dec. 31, 2015
Compensation and Retirement Disclosure [Abstract]
Pension and Other Postretirement Benefits Disclosure [Text Block]	Note 16. Retirement plans 401K Plan : The Bank provides a qualified 401K plan to all eligible employees which is administered through the Virginia Bankers Association Benefits Corporation. Employees are eligible to participate in the plan after three months of employment. Eligible employees may, subject to statutory limitations, contribute a portion of their salary to the plan through payroll deduction. Due to the recent economic conditions the Bank ceased its matching program in 2009 however beginning January 2013 the Bank reinstituted the 401K match. The Bank provided a matching contribution of $.50 for every $ 1.00 4 159,000 150,000 165,000 Supplemental Executive Retirement Plan : The Bank established the Village Bank Supplemental Executive Retirement Plan (the “SERP”) on January 1, 2005 to provide supplemental retirement income to certain executive officers as designated by the Personnel Committee, later replaced by the Compensation Committee, and approved by the board of directors. While we are subject to the regulatory agreements, the respective regulatory agencies also review and approve new participants or changes in benefits under the SERP. The SERP is an unfunded employee pension plan under the provisions of ERISA. An eligible employee, once designated by the Committee and approved by the board of directors in writing to participate in the SERP, becomes a participant in the SERP 60 10 1,972,000 1,840,000 201,000 257,000 462,000 183,000 182,000 189,000 Directors’ Deferral Plan : The Bank established the Village Bank Outside Directors Deferral Plan (the “Directors Deferral Plan”) on January 1, 2005 under which non-employee directors of Village Bank have the opportunity to defer receipt of all or a portion of certain compensation until retirement or departure from the board of directors. Deferral of compensation under the Directors Deferral Plan is voluntary by non-employee directors and to participate in the plan a director must file a deferral election as provided in the plan. A director shall become an active participant with respect to a plan year (as defined in the plan) only if he is expected to have compensation during the plan year and he timely files a deferral election. A separate account is established for each participant in the plan and each account shall, in addition to compensation deferred at the election of the participant, be credited with interest on the balance of the account, the rate of such interest to be established by the board of directors in its sole discretion at the beginning of each plan year. For those directors electing to purchase stock, the obligation will only be settled by delivery of the fixed number of shares they purchased. At December 31, 2015 and 2014, the Bank’s liability under the Directors Deferral Plan was $ 82,000 206,000 87,000 123,000 165,000 48,055 35,389 1,034,382 877,644

Fair Value

Fair Value	12 Months Ended
	Dec. 31, 2015
Fair Value Disclosures [Abstract]
Fair Value Disclosures [Text Block]	Note 17. Fair Value Effective January 1, 2008, the Company adopted the provisions of FASB Codification Topic 820: Fair Value Measurements FASB Codification Topic 820: Fair Value Measurements and Disclosures · Level 1 Inputs · Level 2 Inputs · Level 3 Inputs The Company used the following methods to determine the fair value of each type of financial instrument: Securities Impaired loans Real estate owned: Assets held for sale: Assets measured at fair value under Topic 820 on a recurring and non-recurring basis are summarized below (in thousands): Fair Value Measurement at December 31, 2015 Using Quoted Prices in Active Other Significant Markets for Observable Unobservable Carrying Identical Assets Inputs Inputs Value (Level 1) (Level 2) (Level 3) Financial Assets - Recurring US Government Agencies $ 33,713 3,307 30,406 - Mortgage-backed securities 3,001 - 3,001 - Municipals 1,205 - 1,205 - Financial Assets - Non-Recurring Impaired loans 20,509 - 16,331 4,178 Assets held for sale 12,631 - 12,631 - Real estate owned 6,249 - 6,190 59 Fair Value Measurement at December 31, 2014 Using Quoted Prices in Active Other Significant Markets for Observable Unobservable Carrying Identical Assets Inputs Inputs Value (Level 1) (Level 2) (Level 3) Financial Assets - Recurring US Government Agencies $ 33,347 - 33,347 - Mortgage-backed securities 484 - 484 - Municipals 5,711 - 5,711 - - Financial Assets - Non-Recurring Impaired loans 32,280 - 30,028 2,252 Assets held for sale 11,743 11,743 - Real estate owned 12,638 - 12,168 470 The following table presents qualitative information about Level 3 fair value measurements for financial instruments for the years ended December 31, 2015 and 2014 (dollars in thousands): December 31, 2015 Range Fair Value Valuation Unobservable (Weighted Estimate Techniques Input Average) Impaired loans - real estate secured $ 1,042 Appraisal (1) or Internal Valuation (2) Selling costs 6%-10% (7%) Discount for lack of marketability and age of appraisal 6%-30% (10%) Impaired loans - non-real estate secured $ 605 Appraisal (1) or Discounted Cash Flow Selling costs 10% Discount for lack of marketability or practical life 0%-50% (20%) Real estate owned $ 59 Appraisal (1) or Internal Valuation (2) Selling costs 6%-10% (7%) Discount for lack of marketability and age of appraisal 6%-30% (15%) Assets held for sale $ 12,631 Appraisal (1) or Internal Valuation (2) Selling costs 6%-10% (7%) Discount for lack of marketability and age of appraisal 6%-30% (15%) December 31, 2014 Range Fair Value Valuation Unobservable (Weighted Estimate Techniques Input Average) Impaired loans - real estate secured $ 1,438 Appraisal (1) or Internal Valuation (2) Selling costs 6%-10% (7%) Discount for lack of marketability and age of appraisal 6%-30% (10%) Impaired loans - non-real estate secured $ 825 Appraisal (1) or Discounted Cash Flow Selling costs 10% Discount for lack of marketability or practical life 0%-50% (20%) Real estate owned $ 470 Appraisal (1) or Internal Valuation (2) Selling costs 6%-10% (7%) Discount for lack of marketability and age of appraisal 6%-30% (15%) Assets held for sale $ 11,743 Appraisal (1) or Internal Valuation (2) Selling costs 6%-10% (7%) Discount for lack of marketability and age of appraisal 6%-30% (15%) (1) Fair Value is generally determined through independent appraisals of the underlying collateral, which generally included various level 3 inputs which are not identifiable. (2) Internal valuations may be conducted to determine Fair Value for assets with nominal carrying balances. Impaired Real Estate Assets Held Loans Owned for Sale Total Assets Balance at December 31, 2013 $ 4,253 $ 1,529 $ 11,601 $ 17,383 Total realized and unrealized gains (losses) Included in earnings - 381 - 381 Included in other comprehensive income - - - - Net transfers in and/or out of Level 3 (1,990) (573) 142 (2,421) Balance at December 31, 2014 $ 2,263 $ 1,337 $ 11,743 $ 15,343 Total realized and unrealized gains (losses) Included in earnings - 142 - 142 Included in other comprehensive income - - - - Net transfers in and/or out of Level 3 (616) (1,420) 888 (1,148) Balance at December 31, 2015 $ 1,647 $ 59 $ 12,631 $ 14,337 In general, fair value of securities is based upon quoted market prices, where available. If such quoted market prices are not available, fair value is based upon market prices determined by an outside, independent entity that primarily uses as inputs, observable market-based parameters. Fair value of loans held for sale is based upon internally developed models that primarily use as inputs, observable market-based parameters. Valuation adjustments may be made to ensure that financial instruments are recorded at fair value. These adjustments may include amounts to reflect counterparty credit quality, the Company’s creditworthiness, among other things, as well as unobservable parameters. Any such valuation adjustments are applied consistently over time. The Company valuation methodologies may produce a fair value calculation that may not be indicative of net realizable value or reflective of future fair values. While management believes the Company’s valuation methodologies are appropriate and consistent with other market participants, the use of different methodologies or assumptions to determine the fair value of certain financial instruments could result in a different estimate of fair value at the reporting date. Transfers between levels of the fair value hierarchy are recognized on the actual date of the event or circumstances that caused the transfer, which generally coincides with the Company’s monthly and or quarter valuation process. Cash and cash equivalents – The carrying amount of cash and cash equivalents approximates fair value. Investment securities – The fair value of investment securities held-to-maturity and available-for-sale is estimated based on quoted prices for similar assets or liabilities determined by bid quotations received from independent pricing services. The carrying amount of other investments approximates fair value. Loans – For variable rate loans that reprice frequently and have no significant change in credit risk, fair values are based on carrying values. For all other loans, fair values are calculated by discounting the contractual cash flows using estimated market discount rates which reflect the credit and interest rate risk inherent in the loans, or by using the current rates at which similar loans would be made to borrowers with similar credit ratings and for the same remaining maturities. Deposits – The fair value of deposits with no stated maturity, such as demand, interest checking and money market, and savings accounts, is equal to the amount payable on demand at year-end. The fair value of certificates of deposit is based on the discounted value of contractual cash flows using the rates currently offered for deposits of similar remaining maturities. Borrowings – The fair value of borrowings is based on the discounted value of contractual cash flows using the rates currently offered for borrowings of similar remaining maturities. Accrued interest – December 31, December 31, Level in Fair 2015 2014 Value Carrying Estimated Carrying Estimated Hierarchy Value Fair Value Value Fair Value (In thousands) Financial assets Cash Level 1 $ 17,076 $ 17,076 $ 25,115 $ 25,115 Cash equivalents Level 2 186 186 23,988 23,988 Investment securities available for sale Level 1 3,307 3,307 - - Investment securities available for sale Level 2 34,612 34,612 39,542 39,542 Federal Home Loan Bank stock Level 2 685 685 1,073 1,073 Loans held for sale Level 2 14,373 14,373 9,914 9,914 Loans Level 2 286,262 274,230 253,855 249,942 Impaired loans Level 2 18,862 18,862 30,028 30,028 Impaired loans Level 3 1,647 1,647 2,263 2,263 Assets held for sale Level 2 12,631 12,631 11,743 11,743 Other real estate owned Level 2 6,190 6,190 12,168 12,168 Other real estate owned Level 3 59 59 470 470 Bank owned life insurance Level 3 7,130 7,130 6,947 6,947 Accrued interest receivable Level 2 2,060 2,060 1,372 1,372 Financial liabilities Deposits Level 2 364,848 365,294 378,860 379,857 FHLB borrowings Level 2 6,000 6,004 14,000 14,065 Trust preferred securities Level 2 8,764 8,984 8,764 7,274 Other borrowings Level 2 508 508 3,302 3,303 Accrued interest payable Level 2 1,346 1,346 1,167 1,167

Parent corporation only financi

Parent corporation only financial statements	12 Months Ended
	Dec. 31, 2015
Condensed Financial Information of Parent Company Only Disclosure [Abstract]
Condensed Financial Information of Parent Company Only Disclosure [Text Block]	Note 18. Parent corporation only financial statements (Parent Corporation Only) Condensed Balance Sheet (in thousands) December 31, December 31, 2015 2014 Assets Cash and due from banks $ 3,494 $ 84 Investment in subsidiaries 38,665 30,158 Investment in special purpose subsidiary 264 264 Prepaid expenses and other assets 45 2,062 $ 42,468 $ 32,568 Liabilities and Shareholders' Equity Liabilities Balance due to nonbank subsidiaries $ 8,764 $ 8,764 Other liabilities 3,345 4,746 Total liabilities 12,109 13,510 Shareholders' equity Preferred stock 23 59 Common stock 5,562 1,339 Additional paid-in capital 58,498 58,188 Warrant surplus 732 732 Accumulated deficit (33,949) (40,539) Stock in directors rabbi trust (1,034) (878) Directors deferred fees obligation 1,034 878 Accumulated other comprehensive loss (507) (721) Total shareholders' equity 30,359 19,058 $ 42,468 $ 32,568 (Parent Corporation Only) Condensed Statements of Operations and Comprehensive (Income) Loss Years Ended December 31, 2015, 2014 and 2013 (in thousands) 2015 2014 2013 Interest income Village Bank money market $ 10 $ 1 $ 3 Interest expense Interest on accrued and upaid dividends - - 55 Interest on trust preferred securities 213 215 183 Total interest expense 213 215 238 Net interest expense (203) (214) (235) Noninterest expense Write down of assets held for sale 1,759 - - Supplies 48 54 57 Professional and outside services 412 53 54 Other 52 52 35 Total noninterest expense 2,271 159 146 Net loss before undistributed income (loss) of subsidiary (2,474) (373) (381) Undistributed income (loss) of subsidiary 3,120 (664) (3,626) Net income (loss) before income tax expense (benefit) 646 (1,037) (4,007) Income tax expense (benefit) - - - Net income (loss) $ 646 $ (1,037) $ (4,007) Total comprehensive income (loss) $ 860 $ 2,080 $ (7,679) (Parent Corporation Only) Condensed Statements of Cash Flows Years Ended December 31, 2015, 2014 and 2013 (in thousands) December December 31, December 31, 2015 2014 2013 Cash Flows from Operating Activities Net income (loss) $ 646 $ (1,037) $ (4,007) Adjustments to reconcile net income (loss) to net cash used in operating activities Depreciation and amortization - - 2 Writedown on assets held for sale 1,759 - - Undistributed (income) loss of subsidiary (3,120) 664 3,626 (Increase) decrease in other assets 258 (239) (8) Increase (decrease) in other liabilities (19) 247 252 Net cash used in operating activities (476) (365) (135) Cash Flows from Investing Activities Investment in subsidiary (5,000) - (1,684) Net cash used in investing activities (5,000) - (1,684) Cash Flows from Financing Activities Proceeds from issuance of common stock (79) (11) 1,684 Net proceeds from sale of common stock, net of expenses of $990 8,965 - - Net cash provided by (used in) financing activities 8,886 (11) 1,684 Net increase (decrease) in cash 3,410 (376) (135) Cash, beginning of year 84 460 595 Cash, end of year $ 3,494 $ 84 $ 460

Summary of Significant Accoun27

Summary of Significant Accounting Policies (Policies)	12 Months Ended
	Dec. 31, 2015
Accounting Policies [Abstract]
Description Of Company [Policy Text Block]	The Company is the holding company of Village Bank (the “Bank”). The Bank opened to the public on December 13, 1999 as a traditional community bank offering deposit and loan services to individuals and businesses in the Richmond, Virginia metropolitan area. Village Bank Mortgage Corporation (“Village Mortgage”) is a full service mortgage banking company wholly-owned by the Bank. The Bank is subject to regulations of certain federal and state agencies and undergoes periodic examinations by those regulatory authorities. As a consequence of the extensive regulation of commercial banking activities, the Bank’s business is susceptible to being affected by state and federal legislation and regulations. The majority of the Company’s real estate loans are collateralized by properties in markets in the Richmond, Virginia metropolitan area. Accordingly, the ultimate collectability of those loans collateralized by real estate is particularly susceptible to changes in market conditions in the Richmond area.
Basis of Accounting, Policy [Policy Text Block]	The consolidated financial statements include the accounts of the Company, the Bank and Village Mortgage. All material intercompany balances and transactions have been eliminated in consolidation.
Use of Estimates, Policy [Policy Text Block]	Use of estimates The preparation of the consolidated financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities as of the balance sheets dates and revenues and expenses during the reporting period. Actual results could differ significantly from those estimates. Material estimates that are particularly susceptible to significant change include the determination of the allowance for loan losses and its related provision, and the estimate of the fair value of assets held for sale.
Investment, Policy [Policy Text Block]	Investment securities At the time of purchase, debt securities are classified into the following categories: held to maturity, available for sale or trading. Debt securities that the Company has both the positive intent and ability to hold to maturity are classified as held to maturity. Held to maturity securities are stated at amortized cost adjusted for amortization of premiums and accretion of discounts on purchase using a method that approximates the effective interest method. Investments classified as trading or available for sale are stated at fair value. Changes in fair value of trading investments are included in current earnings while changes in fair value of available for sale investments are excluded from current earnings and reported, net of taxes, as a separate component of other comprehensive income. Presently, the Company does not maintain a portfolio of trading securities or held to maturity. The fair value of investment securities held to maturity and available for sale is estimated based on quoted prices for similar assets determined by bid quotations received from independent pricing services. Declines in the fair value of securities below their amortized cost that are other than temporary are reflected in earnings or other comprehensive income, as appropriate. For those debt securities whose fair value is less than their amortized cost basis, we consider our intent to sell the security, whether it is more likely than not that we will be required to sell the security before recovery and if we do not expect to recover the entire amortized cost basis of the security. In analyzing an issuer’s financial condition, we may consider whether the securities are issued by the federal government or its agencies, whether downgrades by bond rating agencies have occurred and the results of reviews of the issuer’s financial condition. Interest income is recognized when earned. Realized gains and losses for securities classified as available-for-sale and held-to-maturity are included in earnings and are derived using the specific identification method for determining the cost of securities sold.
Finance, Loan and Lease Receivables, Held-for-sale, Policy [Policy Text Block]	Loans held for sale The Company, through the Bank’s mortgage banking subsidiary, Village Bank Mortgage, originates residential mortgage loans for sale in the secondary market. Mortgage loans originated and intended for sale in the secondary market are carried at the lower of cost or estimated fair value on an aggregate basis as determined by outstanding commitments from investors. Upon entering into a commitment to originate a loan, the Company locks in the loan and rate with an investor and commits to deliver the loan if settlement occurs on a best efforts basis, thus limiting interest rate risk. Certain additional risks exist that the investor fails to meet its purchase obligation; however, based on historical performance and the size and nature of the investors the Company does not expect them to fail to meet their obligation. Net unrealized losses, if any, are recognized through a valuation allowance by charges to income. Residential mortgage loans held for sale are sold to the permanent investor with the mortgage servicing rights released. Gains or losses on sales of mortgage loans are recognized based on the difference between the selling price and the carrying value of the related mortgage loans sold. Gains on the sale of loans totaling approximately $ 6,076,000 4,449,000 7,744,000 Once a residential mortgage loan is sold to a permanent investor, the Company has no further involvement or retained interest in the loan. There are limited circumstances in which the permanent investor can contractually require the Company to repurchase the loan. The Company makes no provision for any such recourse related to loans sold as history has shown repurchase of loans under these circumstances has been remote. The Company, through Village Mortgage, enters into commitments to originate residential mortgage loans in which the interest rate on the loan is determined prior to funding, termed rate lock commitments. Such rate lock commitments on mortgage loans to be sold in the secondary market are considered to be derivatives. The period of time between issuance of a loan commitment and closing and sale of the loan generally ranges from 30 45 The fair value of rate lock commitments and best efforts contracts is not readily ascertainable with precision because rate lock commitments and best efforts contracts are not actively traded in stand-alone markets. The Company determines the fair value of rate lock commitments and best efforts contracts by measuring the change in the value of the underlying asset while taking into consideration the probability that the rate lock commitments will close. Due to high correlation between rate lock commitments and best efforts contracts, no significant gains or losses have occurred on the rate lock commitments. At December 31, 2015, Village Mortgage had rate lock commitments to originate mortgage loans aggregating approximately $ 9,132,000 14,373,000 23,505,000
Transfers and Servicing of Financial Assets, Policy [Policy Text Block]	Transfers of financial assets Transfers of financial assets are accounted for as sales when control over the assets has been surrendered. Control over transferred assets is deemed to be surrendered when: (1) the assets have been isolated from the Bank and put presumptively beyond the reach of the transferor and its creditors, even in bankruptcy or other receivership, (2) the transferee obtains the right (free of conditions that constrain it from taking advantage of that right) to pledge or exchange the transferred assets, and (3) the Bank does not maintain effective control over the transferred assets through an agreement to repurchase them before their maturity or the ability to unilaterally cause the holder to return specific assets. Our transfers of financial assets are limited to commercial loan participations sold, which were insignificant for 2015, 2014 and 2013, and the sale of residential mortgage loans in the secondary market; the extent of which are disclosed in the Consolidated Statements of Cash Flows.
Finance, Loans and Leases Receivable, Policy [Policy Text Block]	Loans Loans are stated at the principal amount outstanding, net of unearned income. Loan origination fees and certain direct loan origination costs are deferred and amortized to interest income over the life of the loan as an adjustment to the loan’s yield over the term of the loan. Interest is accrued on outstanding principal balances, unless the Company considers collection to be doubtful. Commercial and unsecured consumer loans are designated as non-accrual when payment is delinquent 90 90 Standby letters of credit are written conditional commitments issued by the Bank to guarantee the performance of a customer to a third party. The credit risk involved in issuing letters of credit is essentially the same as that involved in extending loans to customers. The total contractual amount of standby letters of credit, whose contract amount represent credit risk was approximately $ 1,484,000 1,571,000
Loans and Leases Receivable, Allowance for Loan Losses Policy [Policy Text Block]	Allowance for loan losses The allowance for loan losses is established as losses are estimated to have occurred through a provision for loan losses charged to earnings. Loan losses are charged against the allowance when management believes the uncollectibility of a loan balance is probable. Subsequent recoveries, if any, are credited to the allowance. The allowance represents an amount that, in management’s judgment, will be adequate to absorb any losses on existing loans that may become uncollectible. Management’s judgment in determining the adequacy of the allowance is based on evaluations of the collectability of loans while taking into consideration such factors as changes in the nature and volume of the loan portfolio, current economic conditions which may affect a borrower’s ability to repay, overall portfolio quality, and review of specific potential losses. This evaluation is inherently subjective, as it requires estimates that are susceptible to significant revision as more information becomes available. The allowance consists of general and specific components. The general component covers non-classified loans and is based on historical loss experience and risk characteristics (i.e. trends in delinquencies and other non-performing loans, changes in economic conditions on both a local and national level, and changes in the categories of loans comprising the loan portfolio) adjusted for qualitative factors. The specific component relates to loans that we have concluded, based on the value of collateral, guarantees and any other pertinent factors, have known losses. For such loans that are also classified as impaired, an allowance is established when the discounted cash flows (or collateral value or observable market price) of the impaired loan is lower than the carrying value of that loan. An unallocated component is maintained to cover uncertainties that could affect management’s estimate of probable losses. The unallocated component of the allowance reflects the margin of imprecision inherent in the underlying assumptions used in the methodologies for estimating specific and general losses in the portfolio. A loan is considered impaired when, based on current information and events, it is probable that the Company will be unable to collect the scheduled payments of principal or interest when due according to the contractual terms of the loan agreement. Factors considered by management in determining impairment include payment status, collateral value, and the probability of collecting scheduled principal and interest payments when due. Loans that experience insignificant payment delays and payment shortfalls generally are not classified as impaired. Management determines the significance of payment delays and payment shortfalls on a case-by-case basis, taking into consideration all of the circumstances surrounding the loan and the borrower, including the length of the delay, the reasons for the delay, the borrower’s prior payment record, and the amount of the shortfall in relation to the principal and interest owed. Impairment is measured on a loan by loan basis for commercial and construction loans by either the present value of the expected future cash flows discounted at the loan’s effective interest rate, the loan’s obtainable market price, or the fair value of the collateral if the loan is collateral dependent.
Loans and Leases Receivable, Troubled Debt Restructuring Policy [Policy Text Block]	Troubled debt restructurings A loan or lease is accounted for as a troubled debt restructuring if we, for economic or legal reasons related to the borrower’s financial condition, grant a significant concession to the borrower that we would not otherwise consider. A troubled debt restructuring may involve the receipt of assets from the debtor in partial or full satisfaction of the loan or lease, or a modification of terms such as a reduction of the stated interest rate or balance of the loan or lease, a reduction of accrued interest, an extension of the maturity date at a stated interest rate lower than the current market rate for a new loan with similar risk, or some combination of these concessions. Troubled debt restructurings generally remain categorized as nonperforming loans and leases until a six-month payment history has been maintained. In accordance with current accounting guidance, loans modified as troubled debt restructurings are, by definition, considered to be impaired loans. Impairment for these loans is measured on a loan-by-loan basis similar to other impaired loans as described above under Allowance for loan losses
Loans and Leases Receivable, Real Estate Acquired Through Foreclosure, Policy [Policy Text Block]	Real estate acquired in settlement of loans Real estate acquired through or in lieu of foreclosure is initially recorded at estimated fair value less estimated selling costs. Subsequent to the date of acquisition, it is carried at the lower of cost or fair value, adjusted for net selling costs. If fair value declines subsequent to foreclosure a valuation allowance is recorded through expense. Operating costs after acquisition are expensed as incurred. The valuation allowance at December 31, 2015 was $ 1,748,000
Discontinued Operations, Policy [Policy Text Block]	Assets held for sale at December 31, 2015 are the Company’s previous headquarters building at the Watkins Centre and a branch building we previously closed. They were transferred from premises and equipment to assets held for sale at cost less accumulated depreciation at the date of transfer, December 31, 2013 and June 29, 2015 respectively, which were lower than their respective fair values, adjusted for net selling costs, at that date. The Company periodically evaluates the value of assets held for sale and records an impairment charge for any subsequent declines in fair value less selling costs.
Property, Plant and Equipment, Policy [Policy Text Block]	Premises and equipment Land is carried at cost. Premises and equipment are carried at cost less accumulated depreciation and amortization. Depreciation of buildings and improvements is computed using the straight-line method over the estimated useful lives of the assets of 39 3 7
Income Tax, Policy [Policy Text Block]	Income taxes Deferred income taxes are recognized for the tax consequences of “temporary differences” by applying enacted tax rates applicable to future years to differences between the financial statement carrying amounts and the tax bases of existing assets and liabilities. The primary temporary differences are the allowance for loan losses and depreciation and amortization. The effect on recorded deferred income taxes of a change in tax laws or rates is recognized in income in the period that includes the enactment date. To the extent that available evidence about the future raises doubt about the realization of a deferred income tax asset, a valuation allowance is established. A tax position is recognized as a benefit only if it is “more likely than not” that the tax position would be sustained in a tax examination, with a tax examination being presumed to occur. The amount recognized is the largest amount of tax benefit that is greater than 50% likely of being realized on examination. For tax positions not meeting the “more likely than not” test, no tax benefit is recorded. The Company has not identified any material uncertain tax positions.
Cash and Cash Equivalents, Policy [Policy Text Block]	Consolidated statements of cash flows For purposes of reporting cash flows, cash and cash equivalents include cash on hand, due from banks (including cash items in process of collection), interest-bearing deposits with banks and federal funds sold. Generally, federal funds are purchased and sold for one-day periods. Cash flows from loans originated by the Bank and deposits are reported net. The Company did not pay income taxes in 2015, 2014 and 2013.
Comprehensive Income, Policy [Policy Text Block]	Comprehensive income Comprehensive income is defined to include all changes in equity except those resulting from investments by owners and distributions to owners. Total comprehensive income (loss) consists of net income (loss) and other comprehensive income (loss). The Company’s other comprehensive income (loss) and accumulated other comprehensive income (loss) are comprised of unrealized gains and losses on investment securities available for sale and amortization of the unfunded pension liability. At December 31, 2015 and 2014 the accumulated other comprehensive income was comprised of unrealized losses on securities available for sale of $ 439,000 644,000 68,000 77,000
Earnings Per Share, Policy [Policy Text Block]	Earnings per common share Basic earnings (loss) per common share represent net income available to common shareholders, which represents net income (loss) less dividends paid or payable to preferred stock shareholders, divided by the weighted-average number of common shares outstanding during the period. For diluted earnings per common share, net income available to common shareholders is divided by the weighted average number of common shares issued and outstanding for each period plus amounts representing the dilutive effect of stock options, restricted stock, and warrants, as well as any adjustment to income that would result from the assumed issuance. The effects of stock options, restricted stock, and warrants are excluded from the computation of diluted earnings per common share in periods in which the effect would be antidilutive. Stock options, restricted stock, and warrants are antidilutive if the underlying average market price of the stock that can be purchased for the period is less than the exercise price of the option or warrant. Potential common shares that may be issued by the Company relate solely to outstanding stock options, restricted stock, and warrants and are determined using the treasury stock method.
Share-based Compensation, Option and Incentive Plans Policy [Policy Text Block]	Stock incentive plan On May 26, 2015, the Company’s shareholders approved the adoption of the Village Bank and Trust Financial Corp. 2015 Stock Incentive Plan (the “2015 Plan”) authorizing the issuance of up to 60,000
Fair Value of Financial Instruments, Policy [Policy Text Block]	Fair values of financial instruments The fair value of an asset or liability is the price that would be received to sell that asset or paid to transfer that liability in an orderly transaction between market participants. A fair value measurement assumes that the transaction to sell the asset or transfer the liability occurs in the principal market for the asset or liability or, in the absence of a principal market, the most advantageous market for the asset or liability. The price in the principal (or most advantageous) market used to measure the fair value of the asset or liability shall not be adjusted for transaction costs. An orderly transaction is a transaction that assumes exposure to the market for a period prior to the measurement date to allow for marketing activities that are usual and customary for transactions involving such assets and liabilities; it is not a forced transaction. Market participants are buyers and sellers in the principal market that are independent, knowledgeable, able to transact and willing to transact. See Note 17 for the methods and assumptions the Bank uses in estimating fair values of financial instruments.
Self Insurance Reserve [Policy Text Block]	Insurance of Accounts, Assessments and Regulation by the FDIC. Our deposits are insured by the FDIC up to the limits set forth under applicable law, currently $ 250,000 The FDIC is authorized to prohibit any DIF-insured institution from engaging in any activity that the FDIC determines by regulation or order to pose a serious threat to the respective insurance fund. Also, the FDIC may initiate enforcement actions against banks, after first giving the institution’s primary regulatory authority an opportunity to take such action. The FDIC may terminate the deposit insurance of any depository institution if it determines, after a hearing, that the institution has engaged or is engaging in unsafe or unsound practices, is in an unsafe or unsound condition to continue operations, or has violated any applicable law, regulation, order or any condition imposed in writing by the FDIC. It also may suspend deposit insurance temporarily during the hearing process for the permanent termination of insurance if the institution has no tangible capital. If deposit insurance is terminated, the deposits at the institution at the time of termination, less subsequent withdrawals, shall continue to be insured for a period from six months to two years, as determined by the FDIC. We are aware of no existing circumstances that could result in termination of our deposit insurance.
Segment Reporting, Policy [Policy Text Block]	Segments The Company has one reportable segment, “Community Banking.” All of the Company’s activities are interrelated, and each activity is dependent and assessed based on how each of the activities supports the others. For example, lending is dependent upon the ability of the Company to fund itself with deposits and borrowings while managing interest rates and credit risk. Accordingly, all significant operating decisions are based upon analysis of the Company as one segment or unit.
New Accounting Pronouncements, Policy [Policy Text Block]	New accounting pronouncements In January 2014, the FASB issued ASU 2014-01, “Investments – Equity Method and Joint Ventures: Accounting for Investments in Qualified Affordable Housing Projects”. This ASU applies to all reporting entities that invest in qualified affordable housing projects through limited liability entities that are flow through entities for tax purposes. The amendments in the ASU eliminate the effective yield election and permit reporting entities to make an accounting policy election to account for their investments in qualified affordable housing projects using the proportional amortization method if certain conditions are met. Those not electing the proportional amortization method would account for the investment using the equity method or cost method. The amendments in this ASU are effective for public business entities for annual periods beginning after December 15, 2014. The adoption of this guidance did not have a material effect on the Company’s financial condition or results of operations. In January 2014, the FASB issued ASU 2014-04, “Receivables – Troubled Debt Restructurings by Creditors”. ASU 2014-04 clarifies when a creditor should be considered to have received physical possession of residential real estate property during a foreclosure. ASU 2014-04 establishes a loan receivable should be derecognized and the real estate property recognized upon the creditor obtaining legal title to the residential real estate property upon completion of foreclosure or the borrower conveying all interest in the residential real estate property to the creditor to satisfy the loan. The provisions of ASU 2014-04 are effective for annual periods beginning after December 15, 2014. The adoption of this guidance did not have a material effect on the Company’s financial condition or results of operations. In May 2014, the FASB issued ASU 2014-09, Revenue from Contracts with Customers (Topic 606). The amendments in this ASU modify the guidance companies use to recognize revenue from contracts with customers for transfers of goods or services and transfers of nonfinancial assets, unless those contracts are within the scope of other standards. The ASU requires that entities apply a specific method to recognize revenue reflecting the consideration expected from customers in exchange for the transfer of goods and services. The guidance also requires new qualitative and quantitative disclosures, including information about contract balances and performance obligations. Entities are also required to disclose significant judgments and changes in judgments for determining the satisfaction of performance obligations. Most revenue associated with financial instruments, including interest and loan origination fees, is outside the scope of the guidance. This ASU is effective for annual periods and interim periods within those annual periods beginning after December 15, 2016, with early adoption prohibited. In August 2015 the FASB issued ASU 2015-14 which changed the effective date by one year. The company is evaluating the effect ASU 2014-09 will have on its consolidated financial statements. In June 2014, the FASB issued ASU 2014-12, “Compensation-Stock Compensation”. The guidance in this ASU requires that a performance target that affects vesting and that could be achieved after the requisite service is treated as a performance condition. As such, the performance target should not be reflected in estimating the grant-date fair value of the award. Compensation cost should be recognized in the period in which it becomes probable that the performance target will be achieved and should represent the compensation cost attributable to the period(s) for which the requisite service has already been rendered. If the performance target becomes probable of being achieved before the end of the requisite period, the remaining unrecognized cost should be recognized prospectively over the remaining service period. The total amount of compensation cost recognized during and after the requisite service period should reflect the number of awards that are expected to vest and should be adjusted to reflect those awards that ultimately vest. The requisite service period ends when the employee can cease rendering service and still be eligible to vest in the award if the performance target is achieved. As indicated in the definition of vest, the stated vesting period (which includes the period in which the performance target could be achieved) may differ from the requisite service period. The guidance in this ASU is effective for annual and interim periods beginning after December 15, 2015. The Company does not expect this ASU to have a significant impact on its financial condition or results of operations. In November 2015, the FASB issued ASU 2015-17, “Balance Sheet Classification of Deferred Taxes”. ASU 2015-17 eliminates the guidance in Topic 740, “Income Taxes”, that required an entity to separate deferred tax liabilities and assets of the same tax jurisdiction or a tax filing group, as well as any related valuation allowance, be offset and presented as a single noncurrent amount in a classified balance sheet. The new guidance requires that all deferred tax assets and liabilities, along with any related valuation allowance, be classified as noncurrent on the balance sheet. As a result each jurisdiction will now only have one net noncurrent deferred tax asset or liability. The guidance in this ASU is effective for public business entities for fiscal years, and for interim periods within those fiscal years, beginning after December 15, 2016. Early adoption is permitted as of the beginning of any interim or annual reporting period. The Company does not expect this ASU to have a significant impact on its financial condition of results of operations. In January 2016, the FASB issued ASU No. 2016-01, “Recognition and Measurement of Financial Assets and Financial Liabilities.” This ASU requires an entity to: (i) measure equity investments at fair value through net income, with certain exceptions; (ii) present in Other Comprehensive Income the changes in instrument-specific credit risk for financial liabilities measured using the fair value option; (iii) present financial assets and financial liabilities by measurement category and form of financial asset; (iv) calculate the fair value of financial instruments for disclosure purposes based on an exit price and; (v) assess a valuation allowance on deferred tax assets related to unrealized losses of AFS debt securities in combination with other deferred tax assets. The Update provides an election to subsequently measure certain nonmarketable equity investments at cost less any impairment and adjusted for certain observable price changes. The Update also requires a qualitative impairment assessment of such equity investments and amends certain fair value disclosure requirements. This ASU is effective for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2017. Early adoption is only permitted for the provision related to instrument-specific credit risk. The Company is currently assessing the impact of ASU 2016-01 will have on its consolidated financial statements. In February 2016, the FASB issued ASU 2016-02, “Leases”. This ASU requires lessees to recognize assets and liabilities arising from most operating leases on the statement of financial position. The Company is currently evaluating the impact of ASU 2016-02, which is effective for the Company on January 1, 2019.

Investment securities availab28

Investment securities available for sale (Tables)	12 Months Ended
	Dec. 31, 2015
Investments, Debt and Equity Securities [Abstract]
Available-for-sale Securities [Table Text Block]	The amortized cost and estimated fair value of investment securities available for sale as of December 31, 2015 and 2014 are as follows (in thousands): Gross Gross Amortized Unrealized Unrealized Estimated Cost Gains Losses Fair Value December 31, 2015 U.S. Government agencies $ 34,286 $ - $ (573) $ 33,713 Mortgage-backed securities 3,043 1 (43) 3,001 Municipals 1,255 - (50) 1,205 $ 38,584 $ 1 $ (666) $ 37,919 December 31, 2014 U.S. Government agencies $ 34,219 $ - $ (872) $ 33,347 Mortgage-backed securities 484 2 (2) 484 Municipals 5,815 2 (106) 5,711 $ 40,518 $ 4 $ (980) $ 39,542
Available For Sale Securities Realized Gross Gains And Losses [Table Text Block]	Gross realized gains and losses pertaining to available for sale securities are detailed as follows for the years ending December 31, 2015, 2014 and 2013 (in thousands): 2015 2014 2013 Gross realized gains $ 13 $ 218 $ 217 Gross realized losses (7) (428) - $ 6 $ (210) $ 217
Available-for-sale Securities, Continuous Unrealized Loss Position, Fair Value [Table Text Block]	Investment securities available for sale that have an unrealized loss position at December 31, 2015 and December 31, 2014 are detailed below (in thousands): Securities in a loss Securities in a loss position for less than position for more than 12 Months 12 Months Total Fair Unrealized Fair Unrealized Fair Unrealized Value Losses Value Losses Value Losses December 31, 2015 US Government Agencies $ 18,598 $ (329) $ 15,115 $ (244) $ 33,713 $ (573) Municipals 707 (14) 497 (36) 1,204 (50) Mortgage-backed securities 2,899 (43) - - 2,899 (43) $ 22,204 $ (386) $ 15,612 $ (280) $ 37,816 $ (666) December 31, 2014 US Government Agencies $ - $ - $ 33,347 $ (872) $ 33,347 $ (872) Municipals - - 5,497 (106) 5,497 (106) Mortgage-backed securities - - 363 (2) 363 (2) $ - $ - $ 39,207 $ (980) $ 39,207 $ (980)
Investments Classified by Contractual Maturity Date [Table Text Block]	The amortized cost and estimated fair value of investment securities available for sale as of December 31, 2015, by contractual maturity, are as follows (in thousands): Amortized Estimated Cost Fair Value One to five years $ 13,111 $ 12,926 Five to ten years 19,697 19,294 More than ten years 5,776 5,699 Total $ 38,584 $ 37,919

Loans (Tables)

Loans (Tables)	12 Months Ended
	Dec. 31, 2015
Receivables [Abstract]
Composition of loan portfolio (excluding mortgage loans held for sale) [Table Text Block]	Loans classified by type as of December 31, 2015 and 2014 are as follows (in thousands): 2015 2014 Construction and land development Residential $ 5,202 $ 4,315 Commercial 25,948 25,152 31,150 29,467 Commercial real estate Owner occupied 69,256 58,804 Non-owner occupied 38,037 38,892 Multifamily 8,537 11,438 Farmland 388 434 116,218 109,568 Consumer real estate Home equity lines 20,333 20,082 Secured by 1-4 family residential, First deed of trust 56,776 61,837 Second deed of trust 6,485 7,854 83,594 89,773 Commercial and industrial loans (except those secured by real estate) 20,086 22,165 Guaranteed student loans 53,989 33,562 Consumer and other 1,734 1,611 Total loans 306,771 286,146 Deferred loan cost, net 670 722 Less: allowance for loan losses (3,562) (5,729) $ 303,879 $ 281,139
Summary Of Loans Directly Or Indirectly With Executive Officers Or Directors [Table Text Block]	The 2015 2014 Beginning balance $ 8,258 $ 7,929 Additions 5,504 4,888 Reductions (5,689) (4,559) Ending balance $ 8,073 $ 8,258
Schedule of Financing Receivables, Non Accrual Status [Table Text Block]	Year-end nonaccrual loans segregated by type as of December 31, 2015 and 2014 were as follows (in thousands): 2015 2014 Construction and land development Residential $ - $ 164 Commercial 52 217 52 381 Commercial real estate Owner occupied 1,078 2,316 Non-owner occupied - - Farmland - 21 1,078 2,337 Consumer real estate Home equity lines 154 800 Secured by 1-4 family residential, First deed of trust 1,498 2,416 Second deed of trust 421 702 2,073 3,918 Commercial and industrial loans (except those secured by real estate) 508 819 Consumer and other 7 23 Total loans $ 3,718 $ 7,478
Information on Risk Rating of Loans [Table Text Block]	Risk Rated Risk Rated Risk Rated Risk Rated Total 1-4 5 6 7 Loans December 31, 2015 Construction and land development Residential $ 5,202 $ - $ - $ - $ 5,202 Commercial 24,053 572 1,323 25,948 29,255 572 1,323 - 31,150 Commercial real estate Owner occupied 64,261 2,850 2,145 - 69,256 Non-owner occupied 35,887 2,055 95 - 38,037 Multifamily 8,337 200 - - 8,537 Farmland 388 - - - 388 108,873 5,105 2,240 - 116,218 Consumer real estate Home equity lines 18,539 435 1,359 - 20,333 Secured by 1-4 family residential First deed of trust 51,200 2,710 2,866 - 56,776 Second deed of trust 5,751 128 606 - 6,485 75,490 3,273 4,831 - 83,594 Commercial and industrial loans (except those secured by real estate) 18,873 373 840 20,086 Guaranteed Student loans 53,989 - - - 53,989 Consumer and other 1,649 62 23 - 1,734 Total loans $ 288,129 $ 9,385 $ 9,257 $ - $ 306,771 Risk Rated Risk Rated Risk Rated Risk Rated Total 1-4 5 6 7 Loans December 31, 2014 Construction and land development Residential $ 3,946 $ 205 $ 164 $ - $ 4,315 Commercial 20,641 1,622 2,889 - 25,152 24,587 1,827 3,053 - 29,467 Commercial real estate Owner occupied 47,175 5,234 6,395 - 58,804 Non-owner occupied 36,439 1,811 642 - 38,892 Multifamily 10,703 735 - 11,438 Farmland 413 21 - 434 94,730 7,780 7,058 - 109,568 Consumer real estate Home equity lines 18,107 465 1,510 - 20,082 Secured by 1-4 family residential First deed of trust 52,513 4,763 4,561 - 61,837 Second deed of trust 6,456 434 964 - 7,854 77,076 5,662 7,035 - 89,773 Commercial and industrial loans (except those secured by real estate) 19,026 2,297 390 452 22,165 Guaranteed student loans 33,562 33,562 Consumer and other 1,488 74 49 - 1,611 Total loans $ 250,469 $ 17,640 $ 17,585 $ 452 $ 286,146
Aging of Recorded Investment in Past Due Loans And Leases [Table Text Block]	The following tables present the aging of the recorded investment in past due loans as of the dates indicated (in thousands): Recorded Greater Investment > 30-59 Days 60-89 Days Than Total Past Total 90 Days and Past Due Past Due 90 Days Due Current Loans Accruing December 31, 2015 Construction and land development Residential $ - $ - $ - $ - $ 5,202 $ 5,202 $ - Commercial - - - - 25,948 25,948 - - - - - 31,150 31,150 - Commercial real estate Owner occupied 327 - - 327 68,929 69,256 - Non-owner occupied - 110 - 110 37,927 38,037 - Multifamily - - - - 8,537 8,537 - Farmland - - - - 388 388 - 327 110 - 437 115,781 116,218 - Consumer real estate Home equity lines - - - - 20,333 20,333 - Secured by 1-4 family residential First deed of trust 163 292 - 455 56,321 56,776 - Second deed of trust 94 - - 94 6,391 6,485 - 257 292 - 549 83,045 83,594 - Commercial and industrial loans (except those secured by real estate) - - - - 20,086 20,086 - Guaranteed student loans 7,816 1,252 8,590 17,658 36,331 53,989 8,590 Consumer and other 10 - - 10 1,724 1,734 - Total loans $ 8,410 $ 1,654 $ 8,590 $ 18,654 $ 288,117 $ 306,771 $ 8,590 Recorded Greater Investment > 30-59 Days 60-89 Days Than Total Past Total 90 Days and Past Due Past Due 90 Days Due Current Loans Accruing December 31, 2014 Construction and land development Residential $ - $ - $ - $ - $ 4,315 $ 4,315 $ - Commercial 92 391 - 483 24,669 25,152 - 92 391 - 483 28,984 29,467 - Commercial real estate Owner occupied 715 - - 715 58,089 58,804 - Non-owner occupied - - - - 38,892 38,892 - Multifamily - - - - 11,438 11,438 - Farmland - - - - 434 434 - 715 - - 715 108,853 109,568 - Consumer real estate Home equity lines 31 139 - 170 19,912 20,082 - Secured by 1-4 family residential First deed of trust - 153 - 153 61,684 61,837 - Second deed of trust 56 - - 56 7,798 7,854 - 87 292 - 379 89,394 89,773 - Commercial and industrial loans (except those secured by real estate) - 47 - 47 22,118 22,165 - Guaranteed student loans 671 392 720 1,783 31,779 33,562 720 Consumer and other - 8 - 8 1,603 1,611 - Total loans $ 1,565 $ 1,130 $ 720 $ 3,415 $ 282,731 $ 286,146 $ 720
Summary of impaired loans [Table Text Block]	Impaired loans are set forth in the following table as of the dates indicated (in thousands): December 31, 2015 Unpaid Recorded Principal Related Investment Balance Allowance With no related allowance recorded Construction and land development Commercial $ 123 $ 190 $ - Commercial real estate Owner occupied 1,066 1,066 Non-owner occupied 2,418 2,418 - 3,484 3,484 - Consumer real estate Home equity lines 1,238 1,247 - Secured by 1-4 family residential First deed of trust 3,984 3,988 - Second deed of trust 962 1,232 - 6,184 6,467 - Commercial and industrial loans (except those secured by real estate) 690 920 - 10,481 11,061 - With an allowance recorded Construction and land development Commercial 1,699 1,699 2 Commercial real estate Owner occupied 5,719 5,734 383 Non-Owner occupied 449 449 26 6,168 6,183 409 Consumer real estate Secured by 1-4 family residential First deed of trust 1,775 1,775 324 Second deed of trust 250 250 98 2,025 2,025 422 Commercial and industrial loans (except those secured by real estate) 136 238 18 10,028 10,145 851 Total Construction and land development Commercial 1,822 1,889 2 1,822 1,889 2 Commercial real estate Owner occupied 6,785 6,800 383 Non-owner occupied 2,867 2,867 26 9,652 9,667 409 Consumer real estate Home equity lines 1,238 1,247 - Secured by 1-4 family residential, First deed of trust 5,759 5,763 324 Second deed of trust 1,212 1,482 98 8,209 8,492 422 Commercial and industrial loans (except those secured by real estate) 826 1,158 18 $ 20,509 $ 21,206 $ 851 December 31, 2014 Unpaid Recorded Principal Related Investment Balance Allowance With no related allowance recorded Construction and land development Residential $ 164 $ 164 $ - Commercial 3,379 3,379 - 3,543 3,543 - Commercial real estate Owner occupied 1,686 1,686 Non-owner occupied 6,593 6,593 - Multifamily 2,322 2,322 - Farmland 21 450 - 10,622 11,051 - Consumer real estate Home equity lines 800 800 - Secured by 1-4 family residential First deed of trust 6,485 6,493 - Second deed of trust 1,103 1,373 - 8,388 8,666 - Commercial and industrial loans (except those secured by real estate) 263 365 - Consumer and other 23 36 - 22,839 23,661 - With an allowance recorded Construction and land development Commercial 589 589 26 Commercial real estate Owner occupied 6,625 6,640 905 Non-Owner occupied 6,625 6,640 905 Consumer real estate Secured by 1-4 family residential First deed of trust 1,415 1,415 200 Second deed of trust 257 257 142 1,672 1,672 342 Commercial and industrial loans (except those secured by real estate) 555 555 239 9,441 9,456 1,512 Total Construction and land development Residential 164 164 - Commercial 3,968 3,968 26 4,132 4,132 26 Commercial real estate Owner occupied 8,311 8,326 905 Non-owner occupied 6,593 6,593 - Multifamily 2,322 2,322 - Farmland 21 450 - 17,247 17,691 905 Consumer real estate Home equity lines 800 800 - Secured by 1-4 family residential, First deed of trust 7,900 7,908 200 Second deed of trust 1,360 1,630 142 10,060 10,338 342 Commercial and industrial loans (except those secured by real estate) 818 920 239 Consumer and other 23 36 - $ 32,280 $ 33,117 $ 1,512
Summary of average recorded investment in impaired loans [Table Text Block]	December 31, 2015 2014 Average Interest Average Interest Recorded Income Recorded Income Investment Recognized Investment Recognized With no related allowance recorded Construction and land development Residential $ 61 $ - $ 181 $ 2 Commercial 1,769 95 3,642 205 1,830 95 3,823 207 Commercial real estate Owner occupied 1,349 69 1,705 93 Non-owner occupied 4,435 121 6,693 320 Multifamily - - 2,347 141 Farmland - - 21 - 5,784 190 10,766 554 Consumer real estate Home equity lines 890 51 800 27 Secured by 1-4 family residential First deed of trust 5,374 233 6,581 352 Second deed of trust 1,121 47 1,112 51 7,385 331 8,493 430 Commercial and industrial loans (except those secured by real estate) 344 44 274 15 Consumer and other 9 1 26 2 15,352 661 23,382 1,208 With an allowance recorded Construction and land development Commercial 844 23 601 33 Commercial real estate Owner occupied 6,088 226 5,853 272 Non-Owner occupied 369 24 - - 6,457 250 5,853 272 Consumer real estate Home equity lines 22 - - - Secured by 1-4 family residential First deed of trust 1,434 26 1,464 45 Second deed of trust 277 15 263 11 1,733 41 1,727 56 Commercial and industrial loans (except those secured by real estate) 317 5 570 33 9,351 319 8,751 394 Total Construction and land development Residential 61 - 181 2 Commercial 2,613 118 4,243 238 2,674 118 4,424 240 Commercial real estate Owner occupied 7,437 295 7,558 365 Non-owner occupied 4,804 145 6,693 320 Multifamily - - 2,347 141 Farmland - - 21 - 12,241 440 16,619 826 Consumer real estate Home equity lines 912 51 800 27 Secured by 1-4 family residential, First deed of trust 6,808 259 8,045 397 Second deed of trust 1,398 62 1,375 62 9,118 372 10,220 486 Commercial and industrial loans (except those secured by real estate) 661 49 844 48 Consumer and other 9 1 26 2 $ 24,703 $ 980 $ 32,133 $ 1,602
Troubled Debt Restructurings on Financing Receivables [Table Text Block]	Specific Valuation Total Performing Nonaccrual Allowance December 31, 2015 Construction and land development Residential $ - $ - $ - $ - Commercial 1,699 1,699 - 2 1,699 1,699 - 2 Commercial real estate Owner occupied 5,730 5,458 272 184 Non-owner occupied 2,866 2,866 - 26 Multifamily - - - - 8,596 8,324 272 210 Consumer real estate Home equity lines 87 - 87 - Secured by 1-4 family residential First deeds of trust 4,283 3,544 739 236 Second deeds of trust 693 693 - 1 5,063 4,237 826 237 Commercial and industrial loans (except those secured by real estate) 127 - 127 18 Consumer and other - - - - $ 15,485 $ 14,260 $ 1,225 $ 467 Number of loans 66 51 15 13 Specific Valuation Total Performing Nonaccrual Allowance December 31, 2014 Construction and land development Residential $ 7 - $ 7 $ - Commercial 3,895 3,751 144 17 3,902 3,751 151 17 Commercial real estate Owner occupied 6,317 5,149 1,168 325 Non-owner occupied 6,593 6,593 - - Multifamily 2,322 2,322 - - 15,232 14,064 1,168 325 Consumer real estate Home equity lines - - - - Secured by 1-4 family residential - - - - First deeds of trust 6,990 5,494 1,496 200 Second deeds of trust 762 658 104 5 7,752 6,152 1,600 205 Commercial and industrial loans (except those secured by real estate) 239 - 239 12 Consumer and other 16 - 16 - $ 27,141 $ 23,967 $ 3,174 $ 559 Number of loans 107 77 30 21
Troubled Debt Restructurings On Financing Receivables Modification [Table Text Block]	The following table provides information about TDRs identified during the indicated periods (dollars in thousands). December 31, 2015 December 31, 2014 Pre- Post- Pre- Post- Modification Modification Modification Modification Number of Recorded Recorded Number of Recorded Recorded Loans Balance Balance Loans Balance Balance Construction and land development Commercial - $ - $ - 1 $ 45 $ 45 - - - 1 45 45 Commercial real estate Owner occupied - - - 7 729 729 - - - 7 729 729 Consumer real estate Home equity lines 1 87 87 - - - Secured by 1-4 family residential First deed of trust - - - 2 727 727 Second deed of trust - - - 2 104 104 1 87 87 4 831 831 1 $ 87 $ 87 12 $ 1,605 $ 1,605 The following table provides information about defaults on TDRs for the indicated periods (dollars in thousands). December 31, 2015 December 31, 2014 Number of Recorded Number of Recorded Loans Balance Loans Balance Construction and land development Residential - $ - 1 $ 7 Commercial - 5 144 - - 6 151 Commercial real estate Owner occupied 1 156 1 160 1 156 1 160 Consumer real estate Secured by 1-4 family residential First deed of trust 11 889 14 1,037 Second deed of trust 2 94 2 104 13 983 16 1,141 Commercial and industrial (except those secured by real estate) 1 127 2 240 15 $ 1,266 25 $ 1,692

Allowance for loan losses (Tabl

Allowance for loan losses (Tables)	12 Months Ended
	Dec. 31, 2015
Provision for Loan and Lease Losses [Abstract]
Allowance for Credit Losses on Financing Receivables [Table Text Block]	Note 4. Allowance for loan losses Beginning Provision for Ending Balance Loan Losses Charge-offs Recoveries Balance Year Ended December 31, 2015 Construction and land development Residential $ 34 $ (6) $ - $ 2 $ 30 Commercial 202 292 (252) 49 291 236 286 (252) 51 321 Commercial real estate Owner occupied 1,837 (576) (127) 33 1,167 Non-owner occupied 607 (151) - 4 460 Multifamily 77 (26) - - 51 Farmland 130 (113) - - 17 2,651 (866) (127) 37 1,695 Consumer real estate Home equity lines 469 36 (62) 5 448 Secured by 1-4 family residential First deed of trust 1,345 (1,020) (103) 380 602 Second deed of trust 275 (159) (55) 50 111 2,089 (1,143) (220) 435 1,161 Commercial and industrial loans (except those secured by real estate) 506 (350) (162) 100 94 Student loans 217 13 - - 230 Consumer and other 30 60 (55) 26 61 $ 5,729 $ (2,000) $ (816) $ 649 $ 3,562 Year Ended December 31, 2014 Construction and land development Residential $ 135 $ (103) $ - $ 2 $ 34 Commercial 1,274 (1,016) (100) 44 202 1,409 (1,119) (100) 46 236 Commercial real estate Owner occupied 1,200 1,268 (631) - 1,837 Non-owner occupied 670 430 (518) 25 607 Multifamily 19 58 - - 77 Farmland 337 (111) (96) - 130 2,226 1,645 (1,245) 25 2,651 Consumer real estate Home equity lines 424 506 (476) 15 469 Secured by 1-4 family residential First deed of trust 1,992 (442) (277) 72 1,345 Second deed of trust 394 (223) (86) 190 275 2,810 (159) (839) 277 2,089 Commercial and industrial loans (except those secured by real estate) 724 (447) (172) 401 506 Student loans - 217 - - 217 Consumer and other 70 (37) (25) 22 30 $ 7,239 $ 100 $ (2,381) $ 771 $ 5,729 Beginning Provision for Ending Balance Loan Losses Charge-offs Recoveries Balance Year Ended December 31, 2013 Construction and land development Residential $ 495 $ (462) $ - $ 102 $ 135 Commercial 4,611 (3,482) (279) 424 1,274 5,106 (3,944) (279) 526 1,409 Commercial real estate Owner occupied 1,359 252 (454) 43 1,200 Non-owner occupied 817 452 (619) 20 670 Multifamily 23 (4) - - 19 Farmland - 1,233 (896) - 337 2,199 1,933 (1,969) 63 2,226 Consumer real estate Home equity lines 658 23 (266) 9 424 Secured by 1-4 family residential First deed of trust 1,358 2,493 (1,953) 94 1,992 Second deed of trust 224 498 (367) 39 394 2,240 3,014 (2,586) 142 2,810 Commercial and industrial loans (except those secured by real estate) 1,162 145 (760) 177 724 Consumer and other 101 25 (65) 9 70 $ 10,808 $ 1,173 $ (5,659) $ 917 $ 7,239
Schedule of Improvements in Financing Receivable Credit Quality Indicators [Table Text Block]	December 31, 2015 2014 2013 Classified assets $ 15,375 $ 30,684 $ 61,690 Nonaccrual loans 3,718 7,478 18,647 Foreclosed real estate 6,249 12,638 16,742
Allowances For Loans Losses And Loans Evaluated For Impairment [Table Text Block]	Recorded Investment in Loans Allowance Loans Loans aquired Loans aquired Ending with deteriorated Ending with deteriorated Balance Individually Collectively credit quaility Balance Individually Collectively credit quaility Year Ended December 31, 2015 Construction and land development Residential $ 30 $ - $ 30 $ - $ 5,202 $ - $ 5,202 $ - Commercial 291 2 289 - 25,948 1,822 24,126 - 321 2 319 - 31,150 1,822 29,328 - Commercial real estate Owner occupied 1,167 383 784 - 69,256 6,785 62,471 - Non-owner occupied 460 26 434 - 38,037 2,867 35,170 - Multifamily 51 - 51 - 8,537 - 8,537 - Farmland 17 - 17 - 388 - 388 - 1,695 409 1,286 - 116,218 9,652 106,566 - Consumer real estate Home equity lines 448 - 448 - 20,333 1,238 19,095 - Secured by 1-4 family residential First deed of trust 602 324 278 - 56,776 5,759 51,017 - Second deed of trust 111 98 13 - 6,485 1,212 5,273 - 1,161 422 739 - 83,594 8,209 75,385 - Commercial and industrial loans (except those secured by real estate) 94 18 76 - 20,086 826 19,260 - Student loans 230 - 230 53,989 - 53,989 - Consumer and other 61 - 61 - 1,734 - 1,734 - $ 3,562 $ 851 $ 2,711 $ - $ 306,771 $ 20,509 $ 286,262 $ - Year Ended December 31, 2014 Construction and land development Residential $ 34 $ - $ 34 $ - $ 4,315 $ 164 $ 4,151 $ - Commercial 202 26 176 - 25,152 3,968 21,184 - 236 26 210 - 29,467 4,132 25,335 - Commercial real estate Owner occupied 1,837 905 932 - 58,804 8,311 50,493 - Non-owner occupied 607 - 607 - 38,892 6,593 32,299 - Multifamily 77 - 77 - 11,438 2,322 9,116 - Farmland 130 - 130 - 434 21 413 - 2,651 905 1,746 - 109,568 17,247 92,321 - Consumer real estate Home equity lines 469 - 469 - 20,082 800 19,282 - Secured by 1-4 family residential First deed of trust 1,345 200 1,145 - 61,837 7,900 53,937 - Second deed of trust 275 142 133 - 7,854 1,360 6,494 - 2,089 342 1,747 - 89,773 10,060 79,713 - Commercial and industrial loans (except those secured by real estate) 506 239 267 - 22,165 818 21,347 - Student loans 217 - 217 33,562 - 33,562 - Consumer and other 30 - 30 - 1,611 23 1,588 - $ 5,729 $ 1,512 $ 4,217 $ - $ 286,146 $ 32,280 $ 253,866 $ - Year Ended December 31, 2013 Construction and land development Residential $ 135 $ - $ 135 $ - $ 2,931 $ 216 $ 2,715 $ - Commercial 1,274 227 1,047 - 28,179 5,205 22,974 - 1,409 227 1,182 - 31,110 5,421 25,689 - Commercial real estate Owner occupied 1,200 673 527 - 73,584 11,713 61,871 - Non-owner occupied 670 371 299 - 43,868 13,066 30,802 - Multifamily 19 - 19 - 11,560 2,373 9,187 - Farmland 337 - 337 - 1,463 117 1,346 - 2,226 1,044 1,182 - 130,475 27,269 103,206 - Consumer real estate Home equity lines 424 - 424 - 21,246 1,630 19,616 - Secured by 1-4 family residential - First deed of trust 1,992 484 1,508 - 66,873 10,361 56,512 - Second deed of trust 394 32 362 - 8,675 1,257 7,418 - 2,810 516 2,294 - 96,794 13,248 83,546 - Commercial and industrial loans (except those secured by real estate) 724 43 681 - 26,254 5,513 20,741 - Consumer and other 70 - 70 - 1,930 32 1,898 - $ 7,239 $ 1,830 $ 5,409 $ - $ 286,563 $ 51,483 $ 235,080 $ -

Premises and equipment (Tables)

Premises and equipment (Tables)	12 Months Ended
	Dec. 31, 2015
Property, Plant and Equipment [Abstract]
Property, Plant and Equipment [Table Text Block]	The following is a summary of premises and equipment as of December 31, 2015 and 2014 (in thousands): 2015 2014 Land $ 4,858 $ 4,930 Buildings and improvements 9,216 9,311 Furniture, fixtures and equipment 7,437 7,395 Total premises and equipment 21,511 21,636 Less: Accumulated depreciation and amortization (7,840) (7,335) Premises and equipment, net $ 13,671 $ 14,301

Deposits (Tables)

Deposits (Tables)	12 Months Ended
	Dec. 31, 2015
Deposits [Abstract]
Summary Of Deposits [Table Text Block]	Deposits as of December 31, 2015 and 2014 were as follows (in thousands): 2015 2014 Demand accounts $ 78,282 $ 77,496 Interest checking accounts 44,256 42,924 Money market accounts 64,841 64,987 Savings accounts 19,403 20,643 Time deposits of $250,000 and over 9,717 9,965 Other time deposits 148,349 162,845 Total $ 364,848 $ 378,860
Scheduled Of Maturities Of Time Deposits [Table Text Block]	The following are the scheduled maturities of time deposits as of December 31, 2015 (in thousands): Greater than Year Ending Less Than or Equal to December 31, $250,000 $250,000 Total 2016 $ 82,213 $ 5,450 $ 87,663 2017 26,551 1,146 27,697 2018 18,315 2,267 20,582 2019 4,816 - 4,816 2020 16,454 854 17,308 $ 148,349 $ 9,717 $ 158,066

Borrowings (Tables)

Borrowings (Tables)	12 Months Ended
	Dec. 31, 2015
Debt Disclosure [Abstract]
Federal Home Loan Bank, Advances [Table Text Block]	As of December 31, 2015, the Company had advances from the FHLB that consisted of the following (in thousands): Maturity Interest Advance Type Date Rate Amount Fixed Rate Credit 02/25/2016 2.65 % $ 1,000 Fixed Rate Credit 04/11/2016 2.71 % 1,000 Fixed Rate Credit 06/01/2016 0.56 % 800 Fixed Rate Credit 12/01/2016 0.81 % 800 Fixed Rate Credit 06/01/2017 1.06 % 800 Fixed Rate Credit 12/01/2017 1.27 % 800 Fixed Rate Credit 06/01/2018 1.48 % 800 $ 6,000
Schedule of Debt [Table Text Block]	Information related to borrowings as of December 31, 2015 and 2014 is as follows (dollars in thousands): Year Ended December 31, 2015 2014 Maximum outstanding during the year FHLB advances $ 14,000 $ 18,000 Balance outstanding at end of year FHLB advances 6,000 14,000 Average amount outstanding during the year FHLB advances 9,027 15,468 Average interest rate during the year FHLB advances 1.88 % 2.16 % Average interest rate at end of year FHLB advances 1.58 % 2.07 %

Income taxes (Tables)

Income taxes (Tables)	12 Months Ended
	Dec. 31, 2015
Income Tax Disclosure [Abstract]
Schedule of Deferred Tax Assets and Liabilities [Table Text Block]	The following summarizes the tax effects of temporary differences which comprise net deferred tax assets and liabilities at December 31, 2015 and 2014 (in thousands): 2015 2014 Deferred tax assets Net operating loss carryforward $ 8,475 $ 8,017 Capital loss carryforward 69 - State net operating loss carryfoward 11 - Allowance for loan losses 1,211 1,948 Unrealized loss on available-for-sale securities 226 332 Interest on nonaccrual loans 50 76 Expenses and writedowns related to foreclosed property 991 1,095 Merger stock options replacement - 90 Stock compensation 140 45 Employee benefits 1,015 954 Pension expense 35 40 Depreciation - - Other, net 38 32 Goodwill 39 55 Total deferred tax assets 12,300 12,684 Deferred tax liabilities Depreciation 43 11 Amortization of intangibles 34 67 Total deferred tax liabilities 77 78 Net deferred tax asset prior to valuation allowance 12,223 12,606 Less Unrealized gain/(loss) on available-for-sale securities (226) (332) Net deferred tax asset subject to valuation allowance 11,997 12,274 Less valuation allowance 11,997 12,274 Net deferred tax asset $ 226 $ 332
Schedule of Components of Income Tax Expense (Benefit) [Table Text Block]	The income tax expense (benefit) charged to operations for the years ended December 31, 2015, 2014 and 2013 consists of the following (in thousands): 2015 2014 2013 Current tax expense (benefit) $ - $ 67 $ 71 Deferred tax expense (benefit) 277 (401) (1,852) Valuation allowance (277) 334 1,781 Provision (benefit) for income taxes $ - $ - $ -
Schedule of Effective Income Tax Rate Reconciliation [Table Text Block]	A reconciliation of income taxes computed at the federal statutory income tax rate to total income taxes is as follows for the years ended December 31, 2015, 2014 and 2013 (in thousands): 2015 2014 2013 Net income (loss) before income taxes $ 646 $ (1,037) $ (4,007) Computed "expected" tax benefit $ 220 $ (352) $ (1,362) Valuation allowance change (277) 334 1,781 State taxes, net of fed - 44 46 Cash surrender value of life insurance (62) (62) (64) Other 119 36 (401) Provision (benefit) for income taxes $ - $ - $ -

Earnings (loss) per share (Tabl

Earnings (loss) per share (Tables)	12 Months Ended
	Dec. 31, 2015
Earnings Per Share [Abstract]
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block]	The following table presents the basic and diluted earnings per share computations (in thousands except per share data): 2015 2014 2013 Numerator Net income (loss) - basic and diluted $ 646 $ (1,037) $ (4,007) Preferred stock dividend and accretion (674) 1,436 886 Preferred stock principal forgiveness 4,404 - - Preferred stock dividend forgiveness 2,215 - - Net income (loss) available to common shareholders $ 6,591 $ (2,473) $ (4,893) Denominator Weighted average shares outstanding - basic 1,166 334 271 Dilutive effect of common stock options and restricted stock awards 35 - - Weighted average shares outstanding - diluted 1,201 334 271 Earnings (loss) per share - basic $ 5.65 $ (7.39) $ (18.06) Earnings (loss) per share - diluted $ 5.49 $ (7.39) $ (18.06)

Lease commitments (Tables)

Lease commitments (Tables)	12 Months Ended
	Dec. 31, 2015
Leases [Abstract]
Schedule of Future Minimum Rental Payments for Operating Leases [Table Text Block]	At December 31, 2015, the minimum total rental commitment under such non-cancelable operating leases was as follows (in thousands): 2016 $ 399 2017 316 2018 314 2019 212 2020 206 $ 1,447

Commitments and contingencies (

Commitments and contingencies (Tables)	12 Months Ended
	Dec. 31, 2015
Commitments and Contingencies Disclosure [Abstract]
Schedule of Fair Value, Off-balance Sheet Risks [Table Text Block]	At December 31, 2015 and 2014, the Company had outstanding the following approximate off-balance-sheet financial instruments whose contract amounts represent credit risk (in thousands): Contract Contract Amount Amount 2015 2014 Undisbursed credit lines $ 46,656 $ 38,064 Commitments to extend or originate credit 9,132 9,207 Standby letters of credit 1,484 1,571 Total commitments to extend credit $ 57,272 $ 48,842

Shareholders' equity and regu38

Shareholders' equity and regulatory matters (Tables)	12 Months Ended
	Dec. 31, 2015
Shareholders Equity And Regulatory Matters [Abstract]
Schedule of Compliance with Regulatory Capital Requirements under Banking Regulations [Table Text Block]	The capital amounts and ratios at December 31, 2015 and 2014 for the Company and the Bank are presented in the table below (dollars in thousands): For Capital Actual Adequacy Purposes To be Well Capitalized Amount Ratio Amount Ratio Amount Ratio December 31, 2015 Total capital (to risk-weighted assets) Consolidated $ 42,397,000 13.90 % $ 24,394,000 8.00 % $ 30,492,000 10.00 % Village Bank 42,695,000 14.02 % 24,369,000 8.00 % 30,461,000 10.00 % Tier 1 capital (to risk- weighted assets) Consolidated 35,977,000 11.80 % 12,197,000 4.00 % 18,295,000 6.00 % Village Bank 39,133,000 12.85 % 12,184,000 4.00 % 18,277,000 6.00 % Leverage ratio (Tier 1 capital to average assets) Consolidated 35,977,000 8.43 % 17,062,000 4.00 % 21,328,000 5.00 % Village Bank 39,133,000 9.33 % 16,776,000 4.00 % 20,970,000 5.00 % Common equity tier 1 (to risk- weighted assets) Village Bank 39,133,000 12.85 % 13,707,000 4.50 % 15,231,000 6.50 % December 31, 2014 Total capital (to risk- weighted assets) Consolidated $ 31,946,000 11.17 % $ 22,875,000 8.00 % $ 28,594,000 10.00 % Village Bank 34,253,000 12.08 % 22,926,000 8.00 % 28,358,000 10.00 % Tier 1 capital (to risk- weighted assets) Consolidated 21,037,000 7.36 % 11,437,000 4.00 % 17,156,000 6.00 % Village Bank 30,681,000 10.82 % 11,343,000 4.00 % 17,015,000 6.00 % Leverage ratio (Tier 1 capital to average assets) Consolidated 21,037,000 4.90 % 17,170,000 4.00 % 21,463,000 5.00 % Village Bank 30,681,000 7.18 % 17,084,000 4.00 % 21,355,000 5.00 % (1) Under the Consent Order, the Bank was not considered well capitalized even though it met the ratio requirements to be classified as such at December 31, 2014. The MOU requires the total capital to risk-weighted assets to be at least 12 8

Stock incentive plan (Tables)

Stock incentive plan (Tables)	12 Months Ended
	Dec. 31, 2015
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Schedule of Stock Options Roll Forward [Table Text Block]	The following table summarizes options outstanding under the stock incentive plan at the indicated dates: Year Ended December 31, 2015 2014 Weighted Weighted Average Average Exercise Fair Value Intrinsic Exercise Fair Value Intrinsic Options Price Per Share Value Options Price Per Share Value Options outstanding, beginning of period 6,830 $ 92.34 $ 52.74 6,210 $ 99.03 $ 64.96 Granted - - - 884 25.28 15.52 Forfeited (3,901) 168.79 95.85 (264) 25.28 80.33 Exercised - - - - - - Options outstanding, end of period 2,929 $ 24.47 $ 12.71 $ - 6,830 $ 92.34 $ 57.97 $ - Options exercisable, end of period 1,730 5,318 Year Ended December 31, 2013 Weighted Average Exercise Fair Value Intrinsic Options Price Per Share Value Options outstanding, beginning of period 15,977 $ 155.36 $ 74.40 Granted 1,760 25.28 9.76 Forfeited (11,527) 123.20 79.84 Exercised - - - Options outstanding, end of period 6,210 $ 99.03 $ 64.96 $ - Options exercisable, end of period 4,607
Schedule of Share-based Compensation, Shares Authorized under Stock Option Plans, by Exercise Price Range [Table Text Block]	The following table summarizes information about stock options outstanding at December 31, 2015: Outstanding Exercisable Weighted Average Remaining Weighted Weighted Years of Average Average Range of Number of Contractual Exercise Number of Exercise Exercise Prices Options Life Price Options Price $16.00-$25.76 2,929 28.70 $ 24.47 1,730 $ 23.75
Schedule of Nonvested Restricted Stock Units Activity [Table Text Block]	A summary of changes in the Company’s nonvested restricted stock awards for the year follows: Weighted- Average Aggregate Grant-Date Intrinsic Shares Fair-Value Value December 31, 2014 14,084 $ 25.41 $ 267,596 Granted 40,675 19.72 772,825 Vested (11,354) 15.99 (215,726) Forfeited - - - December 31, 2015 43,405 $ 22.54 $ 824,695

Fair Value (Tables)

Fair Value (Tables)	12 Months Ended
	Dec. 31, 2015
Fair Value Disclosures [Abstract]
Fair Value Measurements, Recurring and Nonrecurring [Table Text Block]	Assets measured at fair value under Topic 820 on a recurring and non-recurring basis are summarized below (in thousands): Fair Value Measurement at December 31, 2015 Using Quoted Prices in Active Other Significant Markets for Observable Unobservable Carrying Identical Assets Inputs Inputs Value (Level 1) (Level 2) (Level 3) Financial Assets - Recurring US Government Agencies $ 33,713 3,307 30,406 - Mortgage-backed securities 3,001 - 3,001 - Municipals 1,205 - 1,205 - Financial Assets - Non-Recurring Impaired loans 20,509 - 16,331 4,178 Assets held for sale 12,631 - 12,631 - Real estate owned 6,249 - 6,190 59 Fair Value Measurement at December 31, 2014 Using Quoted Prices in Active Other Significant Markets for Observable Unobservable Carrying Identical Assets Inputs Inputs Value (Level 1) (Level 2) (Level 3) Financial Assets - Recurring US Government Agencies $ 33,347 - 33,347 - Mortgage-backed securities 484 - 484 - Municipals 5,711 - 5,711 - - Financial Assets - Non-Recurring Impaired loans 32,280 - 30,028 2,252 Assets held for sale 11,743 11,743 - Real estate owned 12,638 - 12,168 470
Fair Value Inputs, Assets, Quantitative Information [Table Text Block]	December 31, 2015 Range Fair Value Valuation Unobservable (Weighted Estimate Techniques Input Average) Impaired loans - real estate secured $ 1,042 Appraisal (1) or Internal Valuation (2) Selling costs 6%-10% (7%) Discount for lack of marketability and age of appraisal 6%-30% (10%) Impaired loans - non-real estate secured $ 605 Appraisal (1) or Discounted Cash Flow Selling costs 10% Discount for lack of marketability or practical life 0%-50% (20%) Real estate owned $ 59 Appraisal (1) or Internal Valuation (2) Selling costs 6%-10% (7%) Discount for lack of marketability and age of appraisal 6%-30% (15%) Assets held for sale $ 12,631 Appraisal (1) or Internal Valuation (2) Selling costs 6%-10% (7%) Discount for lack of marketability and age of appraisal 6%-30% (15%) December 31, 2014 Range Fair Value Valuation Unobservable (Weighted Estimate Techniques Input Average) Impaired loans - real estate secured $ 1,438 Appraisal (1) or Internal Valuation (2) Selling costs 6%-10% (7%) Discount for lack of marketability and age of appraisal 6%-30% (10%) Impaired loans - non-real estate secured $ 825 Appraisal (1) or Discounted Cash Flow Selling costs 10% Discount for lack of marketability or practical life 0%-50% (20%) Real estate owned $ 470 Appraisal (1) or Internal Valuation (2) Selling costs 6%-10% (7%) Discount for lack of marketability and age of appraisal 6%-30% (15%) Assets held for sale $ 11,743 Appraisal (1) or Internal Valuation (2) Selling costs 6%-10% (7%) Discount for lack of marketability and age of appraisal 6%-30% (15%) (1) Fair Value is generally determined through independent appraisals of the underlying collateral, which generally included various level 3 inputs which are not identifiable. (2) Internal valuations may be conducted to determine Fair Value for assets with nominal carrying balances.
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Table Text Block]	The following table presents the changes in the Level 3 fair value category for the years ended December 31, 2015 and 2014 (in thousands): Impaired Real Estate Assets Held Loans Owned for Sale Total Assets Balance at December 31, 2013 $ 4,253 $ 1,529 $ 11,601 $ 17,383 Total realized and unrealized gains (losses) Included in earnings - 381 - 381 Included in other comprehensive income - - - - Net transfers in and/or out of Level 3 (1,990) (573) 142 (2,421) Balance at December 31, 2014 $ 2,263 $ 1,337 $ 11,743 $ 15,343 Total realized and unrealized gains (losses) Included in earnings - 142 - 142 Included in other comprehensive income - - - - Net transfers in and/or out of Level 3 (616) (1,420) 888 (1,148) Balance at December 31, 2015 $ 1,647 $ 59 $ 12,631 $ 14,337
Fair Value, by Balance Sheet Grouping [Table Text Block]	The carrying amounts of accrued interest receivable and payable approximate fair value. December 31, December 31, Level in Fair 2015 2014 Value Carrying Estimated Carrying Estimated Hierarchy Value Fair Value Value Fair Value (In thousands) Financial assets Cash Level 1 $ 17,076 $ 17,076 $ 25,115 $ 25,115 Cash equivalents Level 2 186 186 23,988 23,988 Investment securities available for sale Level 1 3,307 3,307 - - Investment securities available for sale Level 2 34,612 34,612 39,542 39,542 Federal Home Loan Bank stock Level 2 685 685 1,073 1,073 Loans held for sale Level 2 14,373 14,373 9,914 9,914 Loans Level 2 286,262 274,230 253,855 249,942 Impaired loans Level 2 18,862 18,862 30,028 30,028 Impaired loans Level 3 1,647 1,647 2,263 2,263 Assets held for sale Level 2 12,631 12,631 11,743 11,743 Other real estate owned Level 2 6,190 6,190 12,168 12,168 Other real estate owned Level 3 59 59 470 470 Bank owned life insurance Level 3 7,130 7,130 6,947 6,947 Accrued interest receivable Level 2 2,060 2,060 1,372 1,372 Financial liabilities Deposits Level 2 364,848 365,294 378,860 379,857 FHLB borrowings Level 2 6,000 6,004 14,000 14,065 Trust preferred securities Level 2 8,764 8,984 8,764 7,274 Other borrowings Level 2 508 508 3,302 3,303 Accrued interest payable Level 2 1,346 1,346 1,167 1,167

Parent corporation only finan41

Parent corporation only financial statements (Tables)	12 Months Ended
	Dec. 31, 2015
Condensed Financial Information of Parent Company Only Disclosure [Abstract]
Condensed Balance Sheet [Table Text Block]	Village Bank and Trust Financial Corp. (Parent Corporation Only) Condensed Balance Sheet (in thousands) December 31, December 31, 2015 2014 Assets Cash and due from banks $ 3,494 $ 84 Investment in subsidiaries 38,665 30,158 Investment in special purpose subsidiary 264 264 Prepaid expenses and other assets 45 2,062 $ 42,468 $ 32,568 Liabilities and Shareholders' Equity Liabilities Balance due to nonbank subsidiaries $ 8,764 $ 8,764 Other liabilities 3,345 4,746 Total liabilities 12,109 13,510 Shareholders' equity Preferred stock 23 59 Common stock 5,562 1,339 Additional paid-in capital 58,498 58,188 Warrant surplus 732 732 Accumulated deficit (33,949) (40,539) Stock in directors rabbi trust (1,034) (878) Directors deferred fees obligation 1,034 878 Accumulated other comprehensive loss (507) (721) Total shareholders' equity 30,359 19,058 $ 42,468 $ 32,568
Condensed Income Statement [Table Text Block]	Village Bank and Trust Financial Corp. (Parent Corporation Only) Condensed Statements of Operations and Comprehensive (Income) Loss Years Ended December 31, 2015, 2014 and 2013 (in thousands) 2015 2014 2013 Interest income Village Bank money market $ 10 $ 1 $ 3 Interest expense Interest on accrued and upaid dividends - - 55 Interest on trust preferred securities 213 215 183 Total interest expense 213 215 238 Net interest expense (203) (214) (235) Noninterest expense Write down of assets held for sale 1,759 - - Supplies 48 54 57 Professional and outside services 412 53 54 Other 52 52 35 Total noninterest expense 2,271 159 146 Net loss before undistributed income (loss) of subsidiary (2,474) (373) (381) Undistributed income (loss) of subsidiary 3,120 (664) (3,626) Net income (loss) before income tax expense (benefit) 646 (1,037) (4,007) Income tax expense (benefit) - - - Net income (loss) $ 646 $ (1,037) $ (4,007) Total comprehensive income (loss) $ 860 $ 2,080 $ (7,679)
Condensed Cash Flow Statement [Table Text Block]	Village Bank and Trust Financial Corp. (Parent Corporation Only) Condensed Statements of Cash Flows Years Ended December 31, 2015, 2014 and 2013 (in thousands) December December 31, December 31, 2015 2014 2013 Cash Flows from Operating Activities Net income (loss) $ 646 $ (1,037) $ (4,007) Adjustments to reconcile net income (loss) to net cash used in operating activities Depreciation and amortization - - 2 Writedown on assets held for sale 1,759 - - Undistributed (income) loss of subsidiary (3,120) 664 3,626 (Increase) decrease in other assets 258 (239) (8) Increase (decrease) in other liabilities (19) 247 252 Net cash used in operating activities (476) (365) (135) Cash Flows from Investing Activities Investment in subsidiary (5,000) - (1,684) Net cash used in investing activities (5,000) - (1,684) Cash Flows from Financing Activities Proceeds from issuance of common stock (79) (11) 1,684 Net proceeds from sale of common stock, net of expenses of $990 8,965 - - Net cash provided by (used in) financing activities 8,886 (11) 1,684 Net increase (decrease) in cash 3,410 (376) (135) Cash, beginning of year 84 460 595 Cash, end of year $ 3,494 $ 84 $ 460

Summary of Significant Accoun42

Summary of Significant Accounting Policies (Details Textual) - USD ($)	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Accounting Policies [Line Items]
Gain (Loss) on Sale of Mortgage Loans	$ 6,076,000	$ 4,449,000	$ 7,744,000
Loan Commitments To Third Party Investors	23,505,000
Participating Mortgage Loans, Mortgage Obligations, Amount	9,132,000
Interest and Fee Income, Loans Held-for-sale, Mortgages	$ 14,373,000
Loan Non Accrual Period	90 days
Loan Accrual Period	90 days
Fair Value Disclosure, Off-balance Sheet Risks, Amount, Liability	$ 57,272,000	48,842,000
Real Estate Owned, Valuation Allowance, Ending Balance	1,748,000
Accumulated Other Comprehensive Income (Loss), Available-for-sale Securities Adjustment, Net of Tax	439,000	644,000
Accumulated Other Comprehensive Income (Loss), Pension and Other Postretirement Benefit Plans, Net of Tax	68,000	77,000
Cash, FDIC Insured Amount	250,000
Standby Letters of Credit [Member]
Accounting Policies [Line Items]
Fair Value Disclosure, Off-balance Sheet Risks, Amount, Liability	$ 1,484,000	$ 1,571,000
Building and Building Improvements [Member]
Accounting Policies [Line Items]
Property, Plant and Equipment, Useful Life	39 years
Minimum [Member]
Accounting Policies [Line Items]
Period of issuance and closing range	30 days
Property, Plant and Equipment, Useful Life	3 years
Maximum [Member]
Accounting Policies [Line Items]
Period of issuance and closing range	45 days
Property, Plant and Equipment, Useful Life	7 years
Stock Incentive Plan 2000 [Member]
Accounting Policies [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Authorized	60,000

Investment securities availab43

Investment securities available for sale (Details) - USD ($) $ in Thousands	Dec. 31, 2015	Dec. 31, 2014
Schedule of Available-for-sale Securities [Line Items]
Amortized Cost	$ 38,584	$ 40,518
Gross Unrealized Gains	1	4
Gross Unrealized Losses	(666)	(980)
Estimated Fair Value	37,919	39,542
U.S. Government Agencies [Member]
Schedule of Available-for-sale Securities [Line Items]
Amortized Cost	34,286	34,219
Gross Unrealized Gains	0	0
Gross Unrealized Losses	(573)	(872)
Estimated Fair Value	33,713	33,347
Mortgage Backed Securities [Member]
Schedule of Available-for-sale Securities [Line Items]
Amortized Cost	3,043	484
Gross Unrealized Gains	1	2
Gross Unrealized Losses	(43)	(2)
Estimated Fair Value	3,001	484
Municipals [Member]
Schedule of Available-for-sale Securities [Line Items]
Amortized Cost	1,255	5,815
Gross Unrealized Gains	0	2
Gross Unrealized Losses	(50)	(106)
Estimated Fair Value	$ 1,205	$ 5,711

Investment securities availab44

Investment securities available for sale (Details 1) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Schedule of Available-for-sale Securities [Line Items]
Gross realized gains	$ 13	$ 218	$ 217
Gross realized losses	(7)	(428)	0
Available-for-sale Securities, Gross Realized Gain (Loss)	$ 6	$ (210)	$ 217

Investment securities availab45

Investment securities available for sale (Details 2) - USD ($) $ in Thousands	Dec. 31, 2015	Dec. 31, 2014
Schedule of Available-for-sale Securities [Line Items]
Securities in a Loss Position for Less Than 12 Months, Fair Value	$ 22,204	$ 0
Securities in a Loss Position for Less Than 12 Months, Unrealized Losses	(386)	0
Securities in a Loss Position for More Than 12 Months, Fair Value	15,612	39,207
Securities in a Loss Position for More Than 12 Months, Unrealized Losses	(280)	(980)
Total Fair Value	37,816	39,207
Total Unrealized Losses	(666)	(980)
U.S. Government Agencies [Member]
Schedule of Available-for-sale Securities [Line Items]
Securities in a Loss Position for Less Than 12 Months, Fair Value	18,598	0
Securities in a Loss Position for Less Than 12 Months, Unrealized Losses	(329)	0
Securities in a Loss Position for More Than 12 Months, Fair Value	15,115	33,347
Securities in a Loss Position for More Than 12 Months, Unrealized Losses	(244)	(872)
Total Fair Value	33,713	33,347
Total Unrealized Losses	(573)	(872)
Municipals [Member]
Schedule of Available-for-sale Securities [Line Items]
Securities in a Loss Position for Less Than 12 Months, Fair Value	707	0
Securities in a Loss Position for Less Than 12 Months, Unrealized Losses	(14)	0
Securities in a Loss Position for More Than 12 Months, Fair Value	497	5,497
Securities in a Loss Position for More Than 12 Months, Unrealized Losses	(36)	(106)
Total Fair Value	1,204	5,497
Total Unrealized Losses	(50)	(106)
Mortgage Backed Securities [Member]
Schedule of Available-for-sale Securities [Line Items]
Securities in a Loss Position for Less Than 12 Months, Fair Value	2,899	0
Securities in a Loss Position for Less Than 12 Months, Unrealized Losses	(43)	0
Securities in a Loss Position for More Than 12 Months, Fair Value	0	363
Securities in a Loss Position for More Than 12 Months, Unrealized Losses	0	(2)
Total Fair Value	2,899	363
Total Unrealized Losses	$ (43)	$ (2)

Investment securities availab46

Investment securities available for sale (Details 3) - USD ($) $ in Thousands	Dec. 31, 2015	Dec. 31, 2014
Available-for-sale Securities, Debt Maturities, Amortized Cost Basis, Fiscal Year Maturity [Abstract]
One to five years	$ 13,111
Five to ten years	19,697
More than ten years	5,776
Total	38,584
Available-for-sale Securities, Debt Maturities, Fair Value, Fiscal Year Maturity [Abstract]
One to five years	12,926
Five to ten years	19,294
More than ten years	5,699
Total	$ 37,919	$ 39,542

Investment securities availab47

Investment securities available for sale (Details Textual) - USD ($)	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Schedule of Available-for-sale Securities [Line Items]
Purchase Of Rehabilitated Student Loans With Variable Interest Rates		$ 15,000,000
Pledged Assets Separately Reported, Securities Pledged for Repurchase Agreements, at Fair Value	$ 5,968,000	17,567,000
Proceeds from Sale of Available-for-sale Securities, Debt	8,000,000	22,000,000
Available-for-sale Securities, Gross Realized Gain (Loss)	$ 6,000	$ (210,000)	$ 217,000

Loans (Details)

Loans (Details) - USD ($) $ in Thousands	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans	$ 306,771	$ 286,146	$ 286,563
Deferred loan cost, net	670	722
Less: Allowance for loan losses	(3,562)	(5,729)	(7,239)	$ (10,808)
Total loans, net	303,879	281,139
Commercial Real Estate [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans	116,218	109,568
Residential [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans	5,202	4,315	2,931
Less: Allowance for loan losses	(30)	(34)	(135)	(495)
Commercial [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans	25,948	25,152	28,179
Less: Allowance for loan losses	(291)	(202)	(1,274)	(4,611)
Home equity lines [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans	20,333	20,082	21,246
Less: Allowance for loan losses	(448)	(469)	(424)	(658)
Construction and Land Development [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans	31,150	29,467
Less: Allowance for loan losses	(321)	(236)	(1,409)	(5,106)
Construction and Land Development [Member] | Residential [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans	5,202	4,315
Construction and Land Development [Member] | Commercial [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans	25,948	25,152
Owner Occupied [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans	69,256	58,804
Less: Allowance for loan losses	(1,167)	(1,837)	(1,200)	(1,359)
Non-Owner Occupied [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans	38,037	38,892
Less: Allowance for loan losses	(460)	(607)	(670)	(817)
Multifamily [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans	8,537	11,438
Less: Allowance for loan losses	(51)	(77)	(19)	(23)
Farmland [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans	388	434
Less: Allowance for loan losses	(17)	(130)	(337)	0
First Deed of Trust [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans	56,776	61,837
Less: Allowance for loan losses	(602)	(1,345)	(1,992)	(1,358)
Second Deed of Trust [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans	6,485	7,854
Less: Allowance for loan losses	(111)	(275)	(394)	(224)
Consumer Real Estate [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans	83,594	89,773
Commercial and industrial loans (except those secured by real estate) [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans	20,086	22,165
Less: Allowance for loan losses	(94)	(506)	(724)	(1,162)
Guaranteed student loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans	53,989	33,562
Less: Allowance for loan losses	(230)	(217)	0
Consumer And Other [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans	1,734	1,611
Less: Allowance for loan losses	$ (61)	$ (30)	$ (70)	$ (101)

Loans (Details 1)

Loans (Details 1) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014
Accounts, Notes, Loans and Financing Receivable [Line Items]
Beginning balance	$ 8,258	$ 7,929
Additions	5,504	4,888
Reductions	(5,689)	(4,559)
Ending balance	$ 8,073	$ 8,258

Loans (Details 2)

Loans (Details 2) - USD ($) $ in Thousands	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Financing Receivable, Recorded Investment, Past Due [Line Items]
Financing Receivable, Recorded Investment, Nonaccrual Status	$ 3,718	$ 7,478	$ 18,647
Commercial Real Estate [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Financing Receivable, Recorded Investment, Nonaccrual Status	1,078	2,337
Residential [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Financing Receivable, Recorded Investment, Nonaccrual Status	0	164
Commercial [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Financing Receivable, Recorded Investment, Nonaccrual Status	52	217
Home equity lines [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Financing Receivable, Recorded Investment, Nonaccrual Status	154	800
Construction and Land Development [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Financing Receivable, Recorded Investment, Nonaccrual Status	52	381
Commercial Real Estate - Owner Occupied [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Financing Receivable, Recorded Investment, Nonaccrual Status	1,078	2,316
Commercial Real Estate - Non-Owner Occupied [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Financing Receivable, Recorded Investment, Nonaccrual Status	0	0
Commercial Real Estate - Farmland [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Financing Receivable, Recorded Investment, Nonaccrual Status	0	21
Consumer Real Estate, Secured by 1-4 Family Residential [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Financing Receivable, Recorded Investment, Nonaccrual Status	2,073	3,918
Consumer Real Estate, Secured by 1-4 Family Residential, First Deed of Trust [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Financing Receivable, Recorded Investment, Nonaccrual Status	1,498	2,416
Consumer Real Estate, Secured by 1-4 Family Residential, Second Deed of Trust [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Financing Receivable, Recorded Investment, Nonaccrual Status	421	702
Commercial And Industrial Loans Except Those Secured By Real Estate [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Financing Receivable, Recorded Investment, Nonaccrual Status	508	819
Consumer And Other [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Financing Receivable, Recorded Investment, Nonaccrual Status	$ 7	$ 23

Loans (Details 3)

Loans (Details 3) - USD ($) $ in Thousands	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Financing Receivable, Recorded Investment [Line Items]
Total loans	$ 306,771	$ 286,146	$ 286,563
Construction and Land Development [Member]
Financing Receivable, Recorded Investment [Line Items]
Total loans	31,150	29,467
Residential [Member]
Financing Receivable, Recorded Investment [Line Items]
Total loans	5,202	4,315
Commercial [Member]
Financing Receivable, Recorded Investment [Line Items]
Total loans	25,948	25,152
Commercial Real Estate [Member]
Financing Receivable, Recorded Investment [Line Items]
Total loans	116,218	109,568
Owner Occupied [Member]
Financing Receivable, Recorded Investment [Line Items]
Total loans	69,256	58,804
Non-Owner Occupied [Member]
Financing Receivable, Recorded Investment [Line Items]
Total loans	38,037	38,892
Multifamily [Member]
Financing Receivable, Recorded Investment [Line Items]
Total loans	8,537	11,438
Farmland [Member]
Financing Receivable, Recorded Investment [Line Items]
Total loans	388	434
Home equity lines [Member]
Financing Receivable, Recorded Investment [Line Items]
Total loans	20,333	20,082
Consumer Real Estate, Secured by 1-4 Family Residential [Member]
Financing Receivable, Recorded Investment [Line Items]
Total loans	83,594	89,773
First Deed of Trust [Member]
Financing Receivable, Recorded Investment [Line Items]
Total loans	56,776	61,837
Second Deed of Trust [Member]
Financing Receivable, Recorded Investment [Line Items]
Total loans	6,485	7,854
Commercial and industrial loans (except those secured by real estate) [Member]
Financing Receivable, Recorded Investment [Line Items]
Total loans	20,086	22,165
Guaranteed student loans [Member]
Financing Receivable, Recorded Investment [Line Items]
Total loans	53,989	33,562
Consumer And Other [Member]
Financing Receivable, Recorded Investment [Line Items]
Total loans	1,734	1,611
Risk Rated 1-4 [Member]
Financing Receivable, Recorded Investment [Line Items]
Total loans	288,129	250,469
Risk Rated 1-4 [Member] | Construction and Land Development [Member]
Financing Receivable, Recorded Investment [Line Items]
Total loans	29,255	24,587
Risk Rated 1-4 [Member] | Residential [Member]
Financing Receivable, Recorded Investment [Line Items]
Total loans	5,202	3,946
Risk Rated 1-4 [Member] | Commercial [Member]
Financing Receivable, Recorded Investment [Line Items]
Total loans	24,053	20,641
Risk Rated 1-4 [Member] | Commercial Real Estate [Member]
Financing Receivable, Recorded Investment [Line Items]
Total loans	108,873	94,730
Risk Rated 1-4 [Member] | Owner Occupied [Member]
Financing Receivable, Recorded Investment [Line Items]
Total loans	64,261	47,175
Risk Rated 1-4 [Member] | Non-Owner Occupied [Member]
Financing Receivable, Recorded Investment [Line Items]
Total loans	35,887	36,439
Risk Rated 1-4 [Member] | Multifamily [Member]
Financing Receivable, Recorded Investment [Line Items]
Total loans	8,337	10,703
Risk Rated 1-4 [Member] | Farmland [Member]
Financing Receivable, Recorded Investment [Line Items]
Total loans	388	413
Risk Rated 1-4 [Member] | Home equity lines [Member]
Financing Receivable, Recorded Investment [Line Items]
Total loans	18,539	18,107
Risk Rated 1-4 [Member] | Consumer Real Estate, Secured by 1-4 Family Residential [Member]
Financing Receivable, Recorded Investment [Line Items]
Total loans	75,490	77,076
Risk Rated 1-4 [Member] | First Deed of Trust [Member]
Financing Receivable, Recorded Investment [Line Items]
Total loans	51,200	52,513
Risk Rated 1-4 [Member] | Second Deed of Trust [Member]
Financing Receivable, Recorded Investment [Line Items]
Total loans	5,751	6,456
Risk Rated 1-4 [Member] | Commercial and industrial loans (except those secured by real estate) [Member]
Financing Receivable, Recorded Investment [Line Items]
Total loans	18,873	19,026
Risk Rated 1-4 [Member] | Guaranteed student loans [Member]
Financing Receivable, Recorded Investment [Line Items]
Total loans	53,989	33,562
Risk Rated 1-4 [Member] | Consumer And Other [Member]
Financing Receivable, Recorded Investment [Line Items]
Total loans	1,649	1,488
Risk Rated 5 [Member]
Financing Receivable, Recorded Investment [Line Items]
Total loans	9,385	17,640
Risk Rated 5 [Member] | Construction and Land Development [Member]
Financing Receivable, Recorded Investment [Line Items]
Total loans	572	1,827
Risk Rated 5 [Member] | Residential [Member]
Financing Receivable, Recorded Investment [Line Items]
Total loans	0	205
Risk Rated 5 [Member] | Commercial [Member]
Financing Receivable, Recorded Investment [Line Items]
Total loans	572	1,622
Risk Rated 5 [Member] | Commercial Real Estate [Member]
Financing Receivable, Recorded Investment [Line Items]
Total loans	5,105	7,780
Risk Rated 5 [Member] | Owner Occupied [Member]
Financing Receivable, Recorded Investment [Line Items]
Total loans	2,850	5,234
Risk Rated 5 [Member] | Non-Owner Occupied [Member]
Financing Receivable, Recorded Investment [Line Items]
Total loans	2,055	1,811
Risk Rated 5 [Member] | Multifamily [Member]
Financing Receivable, Recorded Investment [Line Items]
Total loans	200	735
Risk Rated 5 [Member] | Farmland [Member]
Financing Receivable, Recorded Investment [Line Items]
Total loans	0	0
Risk Rated 5 [Member] | Home equity lines [Member]
Financing Receivable, Recorded Investment [Line Items]
Total loans	435	465
Risk Rated 5 [Member] | Consumer Real Estate, Secured by 1-4 Family Residential [Member]
Financing Receivable, Recorded Investment [Line Items]
Total loans	3,273	5,662
Risk Rated 5 [Member] | First Deed of Trust [Member]
Financing Receivable, Recorded Investment [Line Items]
Total loans	2,710	4,763
Risk Rated 5 [Member] | Second Deed of Trust [Member]
Financing Receivable, Recorded Investment [Line Items]
Total loans	128	434
Risk Rated 5 [Member] | Commercial and industrial loans (except those secured by real estate) [Member]
Financing Receivable, Recorded Investment [Line Items]
Total loans	373	2,297
Risk Rated 5 [Member] | Guaranteed student loans [Member]
Financing Receivable, Recorded Investment [Line Items]
Total loans	0	0
Risk Rated 5 [Member] | Consumer And Other [Member]
Financing Receivable, Recorded Investment [Line Items]
Total loans	62	74
Risk Rate 6 [Member]
Financing Receivable, Recorded Investment [Line Items]
Total loans	9,257	17,585
Risk Rate 6 [Member] | Construction and Land Development [Member]
Financing Receivable, Recorded Investment [Line Items]
Total loans	1,323	3,053
Risk Rate 6 [Member] | Residential [Member]
Financing Receivable, Recorded Investment [Line Items]
Total loans	0	164
Risk Rate 6 [Member] | Commercial [Member]
Financing Receivable, Recorded Investment [Line Items]
Total loans	1,323	2,889
Risk Rate 6 [Member] | Commercial Real Estate [Member]
Financing Receivable, Recorded Investment [Line Items]
Total loans	2,240	7,058
Risk Rate 6 [Member] | Owner Occupied [Member]
Financing Receivable, Recorded Investment [Line Items]
Total loans	2,145	6,395
Risk Rate 6 [Member] | Non-Owner Occupied [Member]
Financing Receivable, Recorded Investment [Line Items]
Total loans	95	642
Risk Rate 6 [Member] | Multifamily [Member]
Financing Receivable, Recorded Investment [Line Items]
Total loans	0
Risk Rate 6 [Member] | Farmland [Member]
Financing Receivable, Recorded Investment [Line Items]
Total loans	0	21
Risk Rate 6 [Member] | Home equity lines [Member]
Financing Receivable, Recorded Investment [Line Items]
Total loans	1,359	1,510
Risk Rate 6 [Member] | Consumer Real Estate, Secured by 1-4 Family Residential [Member]
Financing Receivable, Recorded Investment [Line Items]
Total loans	4,831	7,035
Risk Rate 6 [Member] | First Deed of Trust [Member]
Financing Receivable, Recorded Investment [Line Items]
Total loans	2,866	4,561
Risk Rate 6 [Member] | Second Deed of Trust [Member]
Financing Receivable, Recorded Investment [Line Items]
Total loans	606	964
Risk Rate 6 [Member] | Commercial and industrial loans (except those secured by real estate) [Member]
Financing Receivable, Recorded Investment [Line Items]
Total loans	840	390
Risk Rate 6 [Member] | Guaranteed student loans [Member]
Financing Receivable, Recorded Investment [Line Items]
Total loans	0	0
Risk Rate 6 [Member] | Consumer And Other [Member]
Financing Receivable, Recorded Investment [Line Items]
Total loans	23	49
Risk Rated 7 [Member]
Financing Receivable, Recorded Investment [Line Items]
Total loans	0	452
Risk Rated 7 [Member] | Construction and Land Development [Member]
Financing Receivable, Recorded Investment [Line Items]
Total loans	0	0
Risk Rated 7 [Member] | Residential [Member]
Financing Receivable, Recorded Investment [Line Items]
Total loans	0	0
Risk Rated 7 [Member] | Commercial [Member]
Financing Receivable, Recorded Investment [Line Items]
Total loans	0	0
Risk Rated 7 [Member] | Commercial Real Estate [Member]
Financing Receivable, Recorded Investment [Line Items]
Total loans	0	0
Risk Rated 7 [Member] | Owner Occupied [Member]
Financing Receivable, Recorded Investment [Line Items]
Total loans	0	0
Risk Rated 7 [Member] | Non-Owner Occupied [Member]
Financing Receivable, Recorded Investment [Line Items]
Total loans	0	0
Risk Rated 7 [Member] | Multifamily [Member]
Financing Receivable, Recorded Investment [Line Items]
Total loans	0	0
Risk Rated 7 [Member] | Farmland [Member]
Financing Receivable, Recorded Investment [Line Items]
Total loans	0	0
Risk Rated 7 [Member] | Home equity lines [Member]
Financing Receivable, Recorded Investment [Line Items]
Total loans	0	0
Risk Rated 7 [Member] | Consumer Real Estate, Secured by 1-4 Family Residential [Member]
Financing Receivable, Recorded Investment [Line Items]
Total loans	0	0
Risk Rated 7 [Member] | First Deed of Trust [Member]
Financing Receivable, Recorded Investment [Line Items]
Total loans	0	0
Risk Rated 7 [Member] | Second Deed of Trust [Member]
Financing Receivable, Recorded Investment [Line Items]
Total loans	0	0
Risk Rated 7 [Member] | Commercial and industrial loans (except those secured by real estate) [Member]
Financing Receivable, Recorded Investment [Line Items]
Total loans	0	452
Risk Rated 7 [Member] | Guaranteed student loans [Member]
Financing Receivable, Recorded Investment [Line Items]
Total loans	0	0
Risk Rated 7 [Member] | Consumer And Other [Member]
Financing Receivable, Recorded Investment [Line Items]
Total loans	$ 0	$ 0

Loans (Details 4)

Loans (Details 4) - USD ($) $ in Thousands	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Financing Receivable, Recorded Investment, Past Due [Line Items]
Financing Receivable, Recorded Investment, Past Due	$ 18,654	$ 3,415
Current	288,117	282,731
Total loans	306,771	286,146	$ 286,563
Recorded Investment, 90 Days and Accruing	8,590	720
Financing Receivables, 30 to 59 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Financing Receivable, Recorded Investment, Past Due	8,410	1,565
Financing Receivables, 60 to 89 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Financing Receivable, Recorded Investment, Past Due	1,654	1,130
Financing Receivables, Equal to Greater than 90 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Financing Receivable, Recorded Investment, Past Due	8,590	720
Construction and Land Development [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Financing Receivable, Recorded Investment, Past Due	0	483
Current	31,150	28,984
Total loans	31,150	29,467
Recorded Investment, 90 Days and Accruing	0	0
Construction and Land Development [Member] | Financing Receivables, 30 to 59 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Financing Receivable, Recorded Investment, Past Due	0	92
Construction and Land Development [Member] | Financing Receivables, 60 to 89 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Financing Receivable, Recorded Investment, Past Due	0	391
Construction and Land Development [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Financing Receivable, Recorded Investment, Past Due	0	0
Residential [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Financing Receivable, Recorded Investment, Past Due	0	0
Current	5,202	4,315
Total loans	5,202	4,315
Recorded Investment, 90 Days and Accruing	0	0
Residential [Member] | Financing Receivables, 30 to 59 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Financing Receivable, Recorded Investment, Past Due	0	0
Residential [Member] | Financing Receivables, 60 to 89 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Financing Receivable, Recorded Investment, Past Due	0	0
Residential [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Financing Receivable, Recorded Investment, Past Due	0	0
Commercial [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Financing Receivable, Recorded Investment, Past Due	0	483
Current	25,948	24,669
Total loans	25,948	25,152
Recorded Investment, 90 Days and Accruing	0	0
Commercial [Member] | Financing Receivables, 30 to 59 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Financing Receivable, Recorded Investment, Past Due	0	92
Commercial [Member] | Financing Receivables, 60 to 89 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Financing Receivable, Recorded Investment, Past Due	0	391
Commercial [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Financing Receivable, Recorded Investment, Past Due	0	0
Commercial Real Estate [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Financing Receivable, Recorded Investment, Past Due	437	715
Current	115,781	108,853
Total loans	116,218	109,568
Recorded Investment, 90 Days and Accruing	0	0
Commercial Real Estate [Member] | Financing Receivables, 30 to 59 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Financing Receivable, Recorded Investment, Past Due	327	715
Commercial Real Estate [Member] | Financing Receivables, 60 to 89 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Financing Receivable, Recorded Investment, Past Due	110	0
Commercial Real Estate [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Financing Receivable, Recorded Investment, Past Due	0	0
Owner Occupied [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Financing Receivable, Recorded Investment, Past Due	327	715
Current	68,929	58,089
Total loans	69,256	58,804
Recorded Investment, 90 Days and Accruing	0	0
Owner Occupied [Member] | Financing Receivables, 30 to 59 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Financing Receivable, Recorded Investment, Past Due	327	715
Owner Occupied [Member] | Financing Receivables, 60 to 89 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Financing Receivable, Recorded Investment, Past Due	0	0
Owner Occupied [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Financing Receivable, Recorded Investment, Past Due	0	0
Non-Owner Occupied [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Financing Receivable, Recorded Investment, Past Due	110	0
Current	37,927	38,892
Total loans	38,037	38,892
Recorded Investment, 90 Days and Accruing	0	0
Non-Owner Occupied [Member] | Financing Receivables, 30 to 59 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Financing Receivable, Recorded Investment, Past Due	0	0
Non-Owner Occupied [Member] | Financing Receivables, 60 to 89 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Financing Receivable, Recorded Investment, Past Due	110	0
Non-Owner Occupied [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Financing Receivable, Recorded Investment, Past Due	0	0
Multifamily [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Financing Receivable, Recorded Investment, Past Due	0	0
Current	8,537	11,438
Total loans	8,537	11,438
Recorded Investment, 90 Days and Accruing	0	0
Multifamily [Member] | Financing Receivables, 30 to 59 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Financing Receivable, Recorded Investment, Past Due	0	0
Multifamily [Member] | Financing Receivables, 60 to 89 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Financing Receivable, Recorded Investment, Past Due	0	0
Multifamily [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Financing Receivable, Recorded Investment, Past Due	0	0
Farmland [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Financing Receivable, Recorded Investment, Past Due	0	0
Current	388	434
Total loans	388	434
Recorded Investment, 90 Days and Accruing	0	0
Farmland [Member] | Financing Receivables, 30 to 59 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Financing Receivable, Recorded Investment, Past Due	0	0
Farmland [Member] | Financing Receivables, 60 to 89 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Financing Receivable, Recorded Investment, Past Due	0	0
Farmland [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Financing Receivable, Recorded Investment, Past Due	0	0
Consumer Real Estate [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Financing Receivable, Recorded Investment, Past Due	549	379
Current	83,045	89,394
Total loans	83,594	89,773
Recorded Investment, 90 Days and Accruing	0	0
Consumer Real Estate [Member] | Financing Receivables, 30 to 59 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Financing Receivable, Recorded Investment, Past Due	257	87
Consumer Real Estate [Member] | Financing Receivables, 60 to 89 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Financing Receivable, Recorded Investment, Past Due	292	292
Consumer Real Estate [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Financing Receivable, Recorded Investment, Past Due	0	0
Home equity lines [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Financing Receivable, Recorded Investment, Past Due	0	170
Current	20,333	19,912
Total loans	20,333	20,082
Recorded Investment, 90 Days and Accruing	0	0
Home equity lines [Member] | Financing Receivables, 30 to 59 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Financing Receivable, Recorded Investment, Past Due	0	31
Home equity lines [Member] | Financing Receivables, 60 to 89 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Financing Receivable, Recorded Investment, Past Due	0	139
Home equity lines [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Financing Receivable, Recorded Investment, Past Due	$ 0	0
Consumer Real Estate, Secured by 1-4 Family Residential [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Financing Receivable, Recorded Investment, Past Due
Current
Total loans	$ 83,594	89,773
Recorded Investment, 90 Days and Accruing
Consumer Real Estate, Secured by 1-4 Family Residential [Member] | Financing Receivables, 30 to 59 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Financing Receivable, Recorded Investment, Past Due
Consumer Real Estate, Secured by 1-4 Family Residential [Member] | Financing Receivables, 60 to 89 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Financing Receivable, Recorded Investment, Past Due
Consumer Real Estate, Secured by 1-4 Family Residential [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Financing Receivable, Recorded Investment, Past Due
First Deed of Trust [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Financing Receivable, Recorded Investment, Past Due	$ 455	153
Current	56,321	61,684
Total loans	56,776	61,837
Recorded Investment, 90 Days and Accruing	0	0
First Deed of Trust [Member] | Financing Receivables, 30 to 59 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Financing Receivable, Recorded Investment, Past Due	163	0
First Deed of Trust [Member] | Financing Receivables, 60 to 89 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Financing Receivable, Recorded Investment, Past Due	292	153
First Deed of Trust [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Financing Receivable, Recorded Investment, Past Due	0	0
Second Deed of Trust [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Financing Receivable, Recorded Investment, Past Due	94	56
Current	6,391	7,798
Total loans	6,485	7,854
Recorded Investment, 90 Days and Accruing	0	0
Second Deed of Trust [Member] | Financing Receivables, 30 to 59 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Financing Receivable, Recorded Investment, Past Due	94	56
Second Deed of Trust [Member] | Financing Receivables, 60 to 89 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Financing Receivable, Recorded Investment, Past Due	0	0
Second Deed of Trust [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Financing Receivable, Recorded Investment, Past Due	0	0
Commercial and industrial loans (except those secured by real estate) [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Financing Receivable, Recorded Investment, Past Due	0	47
Current	20,086	22,118
Total loans	20,086	22,165
Recorded Investment, 90 Days and Accruing	0	0
Commercial and industrial loans (except those secured by real estate) [Member] | Financing Receivables, 30 to 59 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Financing Receivable, Recorded Investment, Past Due	0	0
Commercial and industrial loans (except those secured by real estate) [Member] | Financing Receivables, 60 to 89 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Financing Receivable, Recorded Investment, Past Due	0	47
Commercial and industrial loans (except those secured by real estate) [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Financing Receivable, Recorded Investment, Past Due	0	0
Guaranteed student loans [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Financing Receivable, Recorded Investment, Past Due	17,658	1,783
Current	36,331	31,779
Total loans	53,989	33,562
Recorded Investment, 90 Days and Accruing	8,590	720
Guaranteed student loans [Member] | Financing Receivables, 30 to 59 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Financing Receivable, Recorded Investment, Past Due	7,816	671
Guaranteed student loans [Member] | Financing Receivables, 60 to 89 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Financing Receivable, Recorded Investment, Past Due	1,252	392
Guaranteed student loans [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Financing Receivable, Recorded Investment, Past Due	8,590	720
Consumer And Other [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Financing Receivable, Recorded Investment, Past Due	10	8
Current	1,724	1,603
Total loans	1,734	1,611
Recorded Investment, 90 Days and Accruing	0	0
Consumer And Other [Member] | Financing Receivables, 30 to 59 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Financing Receivable, Recorded Investment, Past Due	10	0
Consumer And Other [Member] | Financing Receivables, 60 to 89 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Financing Receivable, Recorded Investment, Past Due	0	8
Consumer And Other [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Financing Receivable, Recorded Investment, Past Due	$ 0	$ 0

Loans (Details 5)

Loans (Details 5) - USD ($) $ in Thousands	Dec. 31, 2015	Dec. 31, 2014
With No Related Allowance Recorded [Abstract]
Recorded Investment	$ 10,481	$ 22,839
Unpaid Principal Balance	11,061	23,661
With Allowance Recorded [Abstract]
Recorded Investment	10,028	9,441
Unpaid Principal Balance	10,145	9,456
Related Allowance	851	1,512
Total [Abstract]
Recorded Investment	20,509	32,280
Unpaid Principal Balance	21,206	33,117
Related Allowance	851	1,512
Construction and Land Development [Member]
With No Related Allowance Recorded [Abstract]
Recorded Investment		3,543
Unpaid Principal Balance		3,543
With Allowance Recorded [Abstract]
Related Allowance	2	26
Total [Abstract]
Recorded Investment	1,822	4,132
Unpaid Principal Balance	1,889	4,132
Related Allowance	2	26
Residential [Member]
With No Related Allowance Recorded [Abstract]
Recorded Investment		164
Unpaid Principal Balance		164
With Allowance Recorded [Abstract]
Related Allowance		0
Total [Abstract]
Recorded Investment		164
Unpaid Principal Balance		164
Related Allowance		0
Commercial [Member]
With No Related Allowance Recorded [Abstract]
Recorded Investment	123	3,379
Unpaid Principal Balance	190	3,379
With Allowance Recorded [Abstract]
Recorded Investment	1,699	589
Unpaid Principal Balance	1,699	589
Related Allowance	2	26
Total [Abstract]
Recorded Investment	1,822	3,968
Unpaid Principal Balance	1,889	3,968
Related Allowance	2	26
Commercial Real Estate [Member]
With No Related Allowance Recorded [Abstract]
Recorded Investment	3,484	10,622
Unpaid Principal Balance	3,484	11,051
With Allowance Recorded [Abstract]
Recorded Investment	6,168	6,625
Unpaid Principal Balance	6,183	6,640
Related Allowance	409	905
Total [Abstract]
Recorded Investment	9,652	17,247
Unpaid Principal Balance	9,667	17,691
Related Allowance	409	905
Owner Occupied [Member]
With No Related Allowance Recorded [Abstract]
Recorded Investment	1,066	1,686
Unpaid Principal Balance	1,066	1,686
With Allowance Recorded [Abstract]
Recorded Investment	5,719	6,625
Unpaid Principal Balance	5,734	6,640
Related Allowance	383	905
Total [Abstract]
Recorded Investment	6,785	8,311
Unpaid Principal Balance	6,800	8,326
Related Allowance	383	905
Non-Owner Occupied [Member]
With No Related Allowance Recorded [Abstract]
Recorded Investment	2,418	6,593
Unpaid Principal Balance	2,418	6,593
With Allowance Recorded [Abstract]
Recorded Investment	449
Unpaid Principal Balance	449
Related Allowance	26	0
Total [Abstract]
Recorded Investment	2,867	6,593
Unpaid Principal Balance	2,867	6,593
Related Allowance	26	0
Multifamily [Member]
With No Related Allowance Recorded [Abstract]
Recorded Investment		2,322
Unpaid Principal Balance		2,322
With Allowance Recorded [Abstract]
Related Allowance		0
Total [Abstract]
Recorded Investment		2,322
Unpaid Principal Balance		2,322
Related Allowance		0
Farmland [Member]
With No Related Allowance Recorded [Abstract]
Recorded Investment		21
Unpaid Principal Balance		450
With Allowance Recorded [Abstract]
Related Allowance		0
Total [Abstract]
Recorded Investment		21
Unpaid Principal Balance		450
Related Allowance		0
Home equity lines [Member]
With No Related Allowance Recorded [Abstract]
Recorded Investment	1,238	800
Unpaid Principal Balance	1,247	800
With Allowance Recorded [Abstract]
Related Allowance	0	0
Total [Abstract]
Recorded Investment	1,238	800
Unpaid Principal Balance	1,247	800
Related Allowance	0	0
Consumer Real Estate, Secured by 1-4 Family Residential [Member]
With No Related Allowance Recorded [Abstract]
Recorded Investment	6,184	8,388
Unpaid Principal Balance	6,467	8,666
With Allowance Recorded [Abstract]
Recorded Investment	2,025	1,672
Unpaid Principal Balance	2,025	1,672
Related Allowance	422	342
Total [Abstract]
Recorded Investment	8,209	10,060
Unpaid Principal Balance	8,492	10,338
Related Allowance	422	342
First Deed of Trust [Member]
With No Related Allowance Recorded [Abstract]
Recorded Investment	3,984	6,485
Unpaid Principal Balance	3,988	6,493
With Allowance Recorded [Abstract]
Recorded Investment	1,775	1,415
Unpaid Principal Balance	1,775	1,415
Related Allowance	324	200
Total [Abstract]
Recorded Investment	5,759	7,900
Unpaid Principal Balance	5,763	7,908
Related Allowance	324	200
Second Deed of Trust [Member]
With No Related Allowance Recorded [Abstract]
Recorded Investment	962	1,103
Unpaid Principal Balance	1,232	1,373
With Allowance Recorded [Abstract]
Recorded Investment	250	257
Unpaid Principal Balance	250	257
Related Allowance	98	142
Total [Abstract]
Recorded Investment	1,212	1,360
Unpaid Principal Balance	1,482	1,630
Related Allowance	98	142
Commercial and industrial loans (except those secured by real estate) [Member]
With No Related Allowance Recorded [Abstract]
Recorded Investment	690	263
Unpaid Principal Balance	920	365
With Allowance Recorded [Abstract]
Recorded Investment	136	555
Unpaid Principal Balance	238	555
Related Allowance	18	239
Total [Abstract]
Recorded Investment	826	818
Unpaid Principal Balance	1,158	920
Related Allowance	$ 18	239
Consumer And Other [Member]
With No Related Allowance Recorded [Abstract]
Recorded Investment		23
Unpaid Principal Balance		36
With Allowance Recorded [Abstract]
Related Allowance		0
Total [Abstract]
Recorded Investment		23
Unpaid Principal Balance		36
Related Allowance		$ 0

Loans (Details 6)

Loans (Details 6) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014
Impaired Loans With No Related Allowance Recorded [Abstract]
Average Recorded Investment	$ 15,352	$ 23,382
Interest Income Recognized	661	1,208
Impaired Loans With Related Allowance Recorded [Abstract]
Average Recorded Investment	9,351	8,751
Interest Income Recognized	319	394
Total [Abstract]
Average Recorded Investment	24,703	32,133
Interest Income Recognized	980	1,602
Construction and Land Development [Member]
Impaired Loans With No Related Allowance Recorded [Abstract]
Average Recorded Investment	1,830	3,823
Interest Income Recognized	95	207
Total [Abstract]
Average Recorded Investment	2,674	4,424
Interest Income Recognized	118	240
Residential [Member]
Impaired Loans With No Related Allowance Recorded [Abstract]
Average Recorded Investment	61	181
Interest Income Recognized	0	2
Total [Abstract]
Average Recorded Investment	61	181
Interest Income Recognized	0	2
Commercial [Member]
Impaired Loans With No Related Allowance Recorded [Abstract]
Average Recorded Investment	1,769	3,642
Interest Income Recognized	95	205
Impaired Loans With Related Allowance Recorded [Abstract]
Average Recorded Investment	844	601
Interest Income Recognized	23	33
Total [Abstract]
Average Recorded Investment	2,613	4,243
Interest Income Recognized	118	238
Commercial Real Estate [Member]
Impaired Loans With No Related Allowance Recorded [Abstract]
Average Recorded Investment	5,784	10,766
Interest Income Recognized	190	554
Impaired Loans With Related Allowance Recorded [Abstract]
Average Recorded Investment	6,457	5,853
Interest Income Recognized	250	272
Total [Abstract]
Average Recorded Investment	12,241	16,619
Interest Income Recognized	440	826
Owner Occupied [Member]
Impaired Loans With No Related Allowance Recorded [Abstract]
Average Recorded Investment	1,349	1,705
Interest Income Recognized	69	93
Impaired Loans With Related Allowance Recorded [Abstract]
Average Recorded Investment	6,088	5,853
Interest Income Recognized	226	272
Total [Abstract]
Average Recorded Investment	7,437	7,558
Interest Income Recognized	295	365
Non-Owner Occupied [Member]
Impaired Loans With No Related Allowance Recorded [Abstract]
Average Recorded Investment	4,435	6,693
Interest Income Recognized	121	320
Impaired Loans With Related Allowance Recorded [Abstract]
Average Recorded Investment	369	0
Interest Income Recognized	24	0
Total [Abstract]
Average Recorded Investment	4,804	6,693
Interest Income Recognized	145	320
Multifamily [Member]
Impaired Loans With No Related Allowance Recorded [Abstract]
Average Recorded Investment	0	2,347
Interest Income Recognized	0	141
Total [Abstract]
Average Recorded Investment	0	2,347
Interest Income Recognized	0	141
Farmland [Member]
Impaired Loans With No Related Allowance Recorded [Abstract]
Average Recorded Investment	0	21
Interest Income Recognized	0	0
Total [Abstract]
Average Recorded Investment	0	21
Interest Income Recognized	0	0
Home equity lines [Member]
Impaired Loans With No Related Allowance Recorded [Abstract]
Average Recorded Investment	890	800
Interest Income Recognized	51	27
Impaired Loans With Related Allowance Recorded [Abstract]
Average Recorded Investment	22	0
Interest Income Recognized	0	0
Total [Abstract]
Average Recorded Investment	912	800
Interest Income Recognized	51	27
Consumer Real Estate, Secured by 1-4 Family Residential [Member]
Impaired Loans With No Related Allowance Recorded [Abstract]
Average Recorded Investment	7,385	8,493
Interest Income Recognized	331	430
Impaired Loans With Related Allowance Recorded [Abstract]
Average Recorded Investment	1,733	1,727
Interest Income Recognized	41	56
Total [Abstract]
Average Recorded Investment	9,118	10,220
Interest Income Recognized	372	486
First Deed of Trust [Member]
Impaired Loans With No Related Allowance Recorded [Abstract]
Average Recorded Investment	5,374	6,581
Interest Income Recognized	233	352
Impaired Loans With Related Allowance Recorded [Abstract]
Average Recorded Investment	1,434	1,464
Interest Income Recognized	26	45
Total [Abstract]
Average Recorded Investment	6,808	8,045
Interest Income Recognized	259	397
Second Deed of Trust [Member]
Impaired Loans With No Related Allowance Recorded [Abstract]
Average Recorded Investment	1,121	1,112
Interest Income Recognized	47	51
Impaired Loans With Related Allowance Recorded [Abstract]
Average Recorded Investment	277	263
Interest Income Recognized	15	11
Total [Abstract]
Average Recorded Investment	1,398	1,375
Interest Income Recognized	62	62
Commercial and industrial loans (except those secured by real estate) [Member]
Impaired Loans With No Related Allowance Recorded [Abstract]
Average Recorded Investment	344	274
Interest Income Recognized	44	15
Impaired Loans With Related Allowance Recorded [Abstract]
Average Recorded Investment	317	570
Interest Income Recognized	5	33
Total [Abstract]
Average Recorded Investment	661	844
Interest Income Recognized	49	48
Consumer And Other [Member]
Impaired Loans With No Related Allowance Recorded [Abstract]
Average Recorded Investment	9	26
Interest Income Recognized	1	2
Total [Abstract]
Average Recorded Investment	9	26
Interest Income Recognized	$ 1	$ 2

Loans (Details 7)

Loans (Details 7) $ in Thousands	12 Months Ended
	Dec. 31, 2015USD ($)Loans	Dec. 31, 2014USD ($)Loans
Information concerning Troubled Debt Restructurings [Abstract]
Recorded Investment	$ 15,485	$ 27,141
Number of Loans | Loans	66	107
Construction and Land Development [Member]
Information concerning Troubled Debt Restructurings [Abstract]
Recorded Investment	$ 1,699	$ 3,902
Number of Loans | Loans	0	1
Owner Occupied [Member]
Information concerning Troubled Debt Restructurings [Abstract]
Recorded Investment	$ 5,730	$ 6,317
Number of Loans | Loans	0	7
Non-Owner Occupied [Member]
Information concerning Troubled Debt Restructurings [Abstract]
Recorded Investment	$ 2,866	$ 6,593
Multifamily [Member]
Information concerning Troubled Debt Restructurings [Abstract]
Recorded Investment	0	2,322
Consumer Real Estate [Member]
Information concerning Troubled Debt Restructurings [Abstract]
Recorded Investment		7,752
Consumer Real Estate, Secured by 1-4 Family Residential [Member]
Information concerning Troubled Debt Restructurings [Abstract]
Recorded Investment	$ 5,063	$ 0
Number of Loans | Loans	1	4
First Deed of Trust [Member]
Information concerning Troubled Debt Restructurings [Abstract]
Recorded Investment	$ 4,283	$ 6,990
Number of Loans | Loans	0	2
Second Deed of Trust [Member]
Information concerning Troubled Debt Restructurings [Abstract]
Recorded Investment	$ 693	$ 762
Number of Loans | Loans	0	2
Commercial and industrial loans (except those secured by real estate) [Member]
Information concerning Troubled Debt Restructurings [Abstract]
Recorded Investment	$ 127	$ 239
Consumer And Other [Member]
Information concerning Troubled Debt Restructurings [Abstract]
Recorded Investment	0	16
Residential [Member]
Information concerning Troubled Debt Restructurings [Abstract]
Recorded Investment	0	7
Commercial [Member]
Information concerning Troubled Debt Restructurings [Abstract]
Recorded Investment	$ 1,699	$ 3,895
Number of Loans | Loans	0	1
Commercial Real Estate [Member]
Information concerning Troubled Debt Restructurings [Abstract]
Recorded Investment	$ 8,596	$ 15,232
Number of Loans | Loans	0	7
Home Equity Line of Credit [Member]
Information concerning Troubled Debt Restructurings [Abstract]
Recorded Investment	$ 87	$ 0
Number of Loans | Loans	1	0
Specific Valuation Allowance [Member]
Information concerning Troubled Debt Restructurings [Abstract]
Recorded Investment	$ 467	$ 559
Number of Loans | Loans	13	21
Specific Valuation Allowance [Member] | Construction and Land Development [Member]
Information concerning Troubled Debt Restructurings [Abstract]
Recorded Investment	$ 2	$ 17
Specific Valuation Allowance [Member] | Owner Occupied [Member]
Information concerning Troubled Debt Restructurings [Abstract]
Recorded Investment	184	325
Specific Valuation Allowance [Member] | Non-Owner Occupied [Member]
Information concerning Troubled Debt Restructurings [Abstract]
Recorded Investment	26	0
Specific Valuation Allowance [Member] | Multifamily [Member]
Information concerning Troubled Debt Restructurings [Abstract]
Recorded Investment	0	0
Specific Valuation Allowance [Member] | Consumer Real Estate [Member]
Information concerning Troubled Debt Restructurings [Abstract]
Recorded Investment		205
Specific Valuation Allowance [Member] | Consumer Real Estate, Secured by 1-4 Family Residential [Member]
Information concerning Troubled Debt Restructurings [Abstract]
Recorded Investment	237	0
Specific Valuation Allowance [Member] | First Deed of Trust [Member]
Information concerning Troubled Debt Restructurings [Abstract]
Recorded Investment	236	200
Specific Valuation Allowance [Member] | Second Deed of Trust [Member]
Information concerning Troubled Debt Restructurings [Abstract]
Recorded Investment	1	5
Specific Valuation Allowance [Member] | Commercial and industrial loans (except those secured by real estate) [Member]
Information concerning Troubled Debt Restructurings [Abstract]
Recorded Investment	18	12
Specific Valuation Allowance [Member] | Consumer And Other [Member]
Information concerning Troubled Debt Restructurings [Abstract]
Recorded Investment	0	0
Specific Valuation Allowance [Member] | Residential [Member]
Information concerning Troubled Debt Restructurings [Abstract]
Recorded Investment	0	0
Specific Valuation Allowance [Member] | Commercial [Member]
Information concerning Troubled Debt Restructurings [Abstract]
Recorded Investment	2	17
Specific Valuation Allowance [Member] | Commercial Real Estate [Member]
Information concerning Troubled Debt Restructurings [Abstract]
Recorded Investment	210	325
Specific Valuation Allowance [Member] | Home Equity Line of Credit [Member]
Information concerning Troubled Debt Restructurings [Abstract]
Recorded Investment	0	0
Performing Financing Receivable [Member]
Information concerning Troubled Debt Restructurings [Abstract]
Recorded Investment	$ 14,260	$ 23,967
Number of Loans | Loans	51	77
Performing Financing Receivable [Member] | Construction and Land Development [Member]
Information concerning Troubled Debt Restructurings [Abstract]
Recorded Investment	$ 1,699	$ 3,751
Performing Financing Receivable [Member] | Owner Occupied [Member]
Information concerning Troubled Debt Restructurings [Abstract]
Recorded Investment	5,458	5,149
Performing Financing Receivable [Member] | Non-Owner Occupied [Member]
Information concerning Troubled Debt Restructurings [Abstract]
Recorded Investment	2,866	6,593
Performing Financing Receivable [Member] | Multifamily [Member]
Information concerning Troubled Debt Restructurings [Abstract]
Recorded Investment	0	2,322
Performing Financing Receivable [Member] | Consumer Real Estate [Member]
Information concerning Troubled Debt Restructurings [Abstract]
Recorded Investment		6,152
Performing Financing Receivable [Member] | Consumer Real Estate, Secured by 1-4 Family Residential [Member]
Information concerning Troubled Debt Restructurings [Abstract]
Recorded Investment	4,237	0
Performing Financing Receivable [Member] | First Deed of Trust [Member]
Information concerning Troubled Debt Restructurings [Abstract]
Recorded Investment	3,544	5,494
Performing Financing Receivable [Member] | Second Deed of Trust [Member]
Information concerning Troubled Debt Restructurings [Abstract]
Recorded Investment	693	658
Performing Financing Receivable [Member] | Commercial and industrial loans (except those secured by real estate) [Member]
Information concerning Troubled Debt Restructurings [Abstract]
Recorded Investment	0	0
Performing Financing Receivable [Member] | Consumer And Other [Member]
Information concerning Troubled Debt Restructurings [Abstract]
Recorded Investment	0	0
Performing Financing Receivable [Member] | Residential [Member]
Information concerning Troubled Debt Restructurings [Abstract]
Recorded Investment	0	0
Performing Financing Receivable [Member] | Commercial [Member]
Information concerning Troubled Debt Restructurings [Abstract]
Recorded Investment	1,699	3,751
Performing Financing Receivable [Member] | Commercial Real Estate [Member]
Information concerning Troubled Debt Restructurings [Abstract]
Recorded Investment	8,324	14,064
Performing Financing Receivable [Member] | Home Equity Line of Credit [Member]
Information concerning Troubled Debt Restructurings [Abstract]
Recorded Investment	0	0
Nonperforming Financing Receivable [Member]
Information concerning Troubled Debt Restructurings [Abstract]
Recorded Investment	$ 1,225	$ 3,174
Number of Loans | Loans	15	30
Nonperforming Financing Receivable [Member] | Construction and Land Development [Member]
Information concerning Troubled Debt Restructurings [Abstract]
Recorded Investment	$ 0	$ 151
Nonperforming Financing Receivable [Member] | Owner Occupied [Member]
Information concerning Troubled Debt Restructurings [Abstract]
Recorded Investment	272	1,168
Nonperforming Financing Receivable [Member] | Non-Owner Occupied [Member]
Information concerning Troubled Debt Restructurings [Abstract]
Recorded Investment	0	0
Nonperforming Financing Receivable [Member] | Multifamily [Member]
Information concerning Troubled Debt Restructurings [Abstract]
Recorded Investment	0	0
Nonperforming Financing Receivable [Member] | Consumer Real Estate [Member]
Information concerning Troubled Debt Restructurings [Abstract]
Recorded Investment		1,600
Nonperforming Financing Receivable [Member] | Consumer Real Estate, Secured by 1-4 Family Residential [Member]
Information concerning Troubled Debt Restructurings [Abstract]
Recorded Investment	826	0
Nonperforming Financing Receivable [Member] | First Deed of Trust [Member]
Information concerning Troubled Debt Restructurings [Abstract]
Recorded Investment	739	1,496
Nonperforming Financing Receivable [Member] | Second Deed of Trust [Member]
Information concerning Troubled Debt Restructurings [Abstract]
Recorded Investment	0	104
Nonperforming Financing Receivable [Member] | Commercial and industrial loans (except those secured by real estate) [Member]
Information concerning Troubled Debt Restructurings [Abstract]
Recorded Investment	127	239
Nonperforming Financing Receivable [Member] | Consumer And Other [Member]
Information concerning Troubled Debt Restructurings [Abstract]
Recorded Investment	0	16
Nonperforming Financing Receivable [Member] | Residential [Member]
Information concerning Troubled Debt Restructurings [Abstract]
Recorded Investment		0
Nonperforming Financing Receivable [Member] | Commercial [Member]
Information concerning Troubled Debt Restructurings [Abstract]
Recorded Investment	0	144
Nonperforming Financing Receivable [Member] | Commercial Real Estate [Member]
Information concerning Troubled Debt Restructurings [Abstract]
Recorded Investment	272	1,168
Nonperforming Financing Receivable [Member] | Home Equity Line of Credit [Member]
Information concerning Troubled Debt Restructurings [Abstract]
Recorded Investment	$ 87	$ 0

Loans (Details 8)

Loans (Details 8) $ in Thousands	12 Months Ended
	Dec. 31, 2015USD ($)Loans	Dec. 31, 2014USD ($)Loans
Information about TDRs Identified during the Period [Line Items]
Number of Loans | Loans	66	107
Pre-Modification Recorded Investment	$ 87	$ 1,605
Post-Modification Recorded Investment	$ 87	$ 1,605
Owner Occupied [Member]
Information about TDRs Identified during the Period [Line Items]
Number of Loans | Loans	0	7
Pre-Modification Recorded Investment	$ 0	$ 729
Post-Modification Recorded Investment	$ 0	$ 729
Construction and Land Development [Member]
Information about TDRs Identified during the Period [Line Items]
Number of Loans | Loans	0	1
Pre-Modification Recorded Investment	$ 0	$ 45
Post-Modification Recorded Investment	$ 0	$ 45
Commercial [Member]
Information about TDRs Identified during the Period [Line Items]
Number of Loans | Loans	0	1
Pre-Modification Recorded Investment	$ 0	$ 45
Post-Modification Recorded Investment	$ 0	$ 45
Commercial Real Estate [Member]
Information about TDRs Identified during the Period [Line Items]
Number of Loans | Loans	0	7
Pre-Modification Recorded Investment	$ 0	$ 729
Post-Modification Recorded Investment	$ 0	$ 729
Home Equity Line of Credit [Member]
Information about TDRs Identified during the Period [Line Items]
Number of Loans | Loans	1	0
Pre-Modification Recorded Investment	$ 87	$ 0
Post-Modification Recorded Investment	$ 87	$ 0
Consumer Real Estate, Secured by 1-4 Family Residential, First Deed of Trust [Member]
Information about TDRs Identified during the Period [Line Items]
Number of Loans | Loans	0	2
Pre-Modification Recorded Investment	$ 0	$ 727
Post-Modification Recorded Investment	$ 0	$ 727
Consumer Real Estate, Secured by 1-4 Family Residential [Member]
Information about TDRs Identified during the Period [Line Items]
Number of Loans | Loans	1	4
Pre-Modification Recorded Investment	$ 87	$ 831
Post-Modification Recorded Investment	$ 87	$ 831
Consumer Real Estate, Secured by 1-4 Family Residential, Second Deed of Trust [Member]
Information about TDRs Identified during the Period [Line Items]
Number of Loans | Loans	0	2
Pre-Modification Recorded Investment	$ 0	$ 104
Post-Modification Recorded Investment	$ 0	$ 104

Loans (Details 9)

Loans (Details 9) $ in Thousands	12 Months Ended
	Dec. 31, 2015USD ($)Loans	Dec. 31, 2014USD ($)Loans
Defaults on TDRs [Line Items]
Number of Loans | Loans	15	25
Recorded Balance | $	$ 1,266	$ 1,692
Residential Mortgage [Member]
Defaults on TDRs [Line Items]
Number of Loans | Loans	0	1
Recorded Balance | $	$ 0	$ 7
Commercial Loan [Member]
Defaults on TDRs [Line Items]
Number of Loans | Loans	0	5
Recorded Balance | $	$ 0	$ 144
Commercial Real Estate [Member]
Defaults on TDRs [Line Items]
Number of Loans | Loans	1	1
Recorded Balance | $	$ 156	$ 160
Owner Occupied [Member]
Defaults on TDRs [Line Items]
Number of Loans | Loans	1	1
Recorded Balance | $	$ 156	$ 160
Construction and Land Development [Member]
Defaults on TDRs [Line Items]
Number of Loans | Loans	0	6
Recorded Balance | $	$ 0	$ 151
First Deed of Trust [Member]
Defaults on TDRs [Line Items]
Number of Loans | Loans	11	14
Recorded Balance | $	$ 889	$ 1,037
Commercial and industrial loans (except those secured by real estate) [Member]
Defaults on TDRs [Line Items]
Number of Loans | Loans	1	2
Recorded Balance | $	$ 127	$ 240
Second Deed of Trust [Member]
Defaults on TDRs [Line Items]
Number of Loans | Loans	2	2
Recorded Balance | $	$ 94	$ 104
Consumer Real Estate, Secured by 1-4 Family Residential [Member]
Defaults on TDRs [Line Items]
Number of Loans | Loans	13	16
Recorded Balance | $	$ 983	$ 1,141

Loans (Details Textual)

Loans (Details Textual) - USD ($)	Jun. 10, 2015	Oct. 23, 2015	Dec. 30, 2014	Jul. 29, 2014	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financing Receivable, Recorded Investment, Nonaccrual Status					$ 3,718,000	$ 7,478,000	$ 18,647,000
Financing Receivable, Allowance for Credit Losses					0	0	0
Impaired Financing Receivable, Interest Income, Cash Basis Method, Total					146,000	224,000	$ 1,093,000
Loans Pledged as Collateral					7,891,000
Fair Value Disclosure, Off-balance Sheet Risks, Face Amount, Liability					$ 1,375,000	$ 1,670,000
Payments to Purchase Other Loans Held-for-sale	$ 15,000,000	$ 9,000,000	$ 14,000,000	$ 19,000,000
Percentages Of Principal And Accrued Interest Covered By Guarantee					98.00%

Allowance for loan losses (Deta

Allowance for loan losses (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Financing Receivable, Allowance for Credit Losses [Line Items]
Beginning balance	$ 5,729	$ 7,239	$ 10,808
Provision for Loan and Lease Losses	(2,000)	100	1,173
Charge-offs	(816)	(2,381)	(5,659)
Recoveries	649	771	917
Ending balance	3,562	5,729	7,239
Residential [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Beginning balance	34	135	495
Provision for Loan and Lease Losses	(6)	(103)	(462)
Charge-offs	0	0	0
Recoveries	2	2	102
Ending balance	30	34	135
Commercial [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Beginning balance	202	1,274	4,611
Provision for Loan and Lease Losses	292	(1,016)	(3,482)
Charge-offs	(252)	(100)	(279)
Recoveries	49	44	424
Ending balance	291	202	1,274
Commercial Real Estate [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Beginning balance	2,651	2,226	2,199
Provision for Loan and Lease Losses	(866)	1,645	1,933
Charge-offs	(127)	(1,245)	(1,969)
Recoveries	37	25	63
Ending balance	1,695	2,651	2,226
Home equity lines [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Beginning balance	469	424	658
Provision for Loan and Lease Losses	36	506	23
Charge-offs	(62)	(476)	(266)
Recoveries	5	15	9
Ending balance	448	469	424
Construction and Land Development [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Beginning balance	236	1,409	5,106
Provision for Loan and Lease Losses	286	(1,119)	(3,944)
Charge-offs	(252)	(100)	(279)
Recoveries	51	46	526
Ending balance	321	236	1,409
Owner Occupied [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Beginning balance	1,837	1,200	1,359
Provision for Loan and Lease Losses	(576)	1,268	252
Charge-offs	(127)	(631)	(454)
Recoveries	33	0	43
Ending balance	1,167	1,837	1,200
Non-Owner Occupied [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Beginning balance	607	670	817
Provision for Loan and Lease Losses	(151)	430	452
Charge-offs	0	(518)	(619)
Recoveries	4	25	20
Ending balance	460	607	670
Multifamily [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Beginning balance	77	19	23
Provision for Loan and Lease Losses	(26)	58	(4)
Charge-offs	0	0	0
Recoveries	0	0	0
Ending balance	51	77	19
Farmland [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Beginning balance	130	337	0
Provision for Loan and Lease Losses	(113)	(111)	1,233
Charge-offs	0	(96)	(896)
Recoveries	0	0	0
Ending balance	17	130	337
First Deed of Trust [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Beginning balance	1,345	1,992	1,358
Provision for Loan and Lease Losses	(1,020)	(442)	2,493
Charge-offs	(103)	(277)	(1,953)
Recoveries	380	72	94
Ending balance	602	1,345	1,992
Second Deed of Trust [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Beginning balance	275	394	224
Provision for Loan and Lease Losses	(159)	(223)	498
Charge-offs	(55)	(86)	(367)
Recoveries	50	190	39
Ending balance	111	275	394
Commercial and industrial loans (except those secured by real estate) [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Beginning balance	506	724	1,162
Provision for Loan and Lease Losses	(350)	(447)	145
Charge-offs	(162)	(172)	(760)
Recoveries	100	401	177
Ending balance	94	506	724
Guaranteed student loans [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Beginning balance	217	0
Provision for Loan and Lease Losses	13	217
Charge-offs	0	0
Recoveries	0	0
Ending balance	230	217	0
Consumer And Other [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Beginning balance	30	70	101
Provision for Loan and Lease Losses	60	(37)	25
Charge-offs	(55)	(25)	(65)
Recoveries	26	22	9
Ending balance	61	30	70
Consumer Real Estate, Secured by 1-4 Family Residential [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Beginning balance	2,089	2,810	2,240
Provision for Loan and Lease Losses	(1,143)	(159)	3,014
Charge-offs	(220)	(839)	(2,586)
Recoveries	435	277	142
Ending balance	$ 1,161	$ 2,089	$ 2,810

Allowance for loan losses (De60

Allowance for loan losses (Details 1) - USD ($) $ in Thousands	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Classified assets	$ 15,375	$ 30,684	$ 61,690
Nonaccrual loans	3,718	7,478	18,647
Foreclosed real estate	$ 6,249	$ 12,638	$ 16,742

Allowance for loan losses (De61

Allowance for loan losses (Details 2) - USD ($) $ in Thousands	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
Financing Receivable, Allowance for Credit Losses [Line Items]
Allowance Ending Balance	$ 3,562	$ 5,729	$ 7,239	$ 10,808
Allowance Individually Evaluated for Impairment	851	1,512	1,830
Allowance Collectively Evaluated for Impairment	2,711	4,217	5,409
Allowance Loans acquired with Deteriorated Credit Quality	0	0	0
Loans Ending Balance	306,771	286,146	286,563
Loans Individually Evaluated for Impairment	20,509	32,280	51,483
Loans Collectively Evaluated for Impairment	286,262	253,866	235,080
Loans Acquired with Deteriorated Credit Quality	0	0	0
Residential [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Allowance Ending Balance	30	34	135	495
Allowance Individually Evaluated for Impairment	0	0	0
Allowance Collectively Evaluated for Impairment	30	34	135
Allowance Loans acquired with Deteriorated Credit Quality	0	0	0
Loans Ending Balance	5,202	4,315	2,931
Loans Individually Evaluated for Impairment	0	164	216
Loans Collectively Evaluated for Impairment	5,202	4,151	2,715
Loans Acquired with Deteriorated Credit Quality	0	0	0
Commercial [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Allowance Ending Balance	291	202	1,274	4,611
Allowance Individually Evaluated for Impairment	2	26	227
Allowance Collectively Evaluated for Impairment	289	176	1,047
Allowance Loans acquired with Deteriorated Credit Quality	0	0	0
Loans Ending Balance	25,948	25,152	28,179
Loans Individually Evaluated for Impairment	1,822	3,968	5,205
Loans Collectively Evaluated for Impairment	24,126	21,184	22,974
Loans Acquired with Deteriorated Credit Quality	0	0	0
Commercial Real Estate [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Allowance Ending Balance	1,695	2,651	2,226	2,199
Allowance Individually Evaluated for Impairment	409	905	1,044
Allowance Collectively Evaluated for Impairment	1,286	1,746	1,182
Allowance Loans acquired with Deteriorated Credit Quality	0	0	0
Loans Ending Balance	116,218	109,568	130,475
Loans Individually Evaluated for Impairment	9,652	17,247	27,269
Loans Collectively Evaluated for Impairment	106,566	92,321	103,206
Loans Acquired with Deteriorated Credit Quality	0	0	0
Home equity lines [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Allowance Ending Balance	448	469	424	$ 658
Allowance Individually Evaluated for Impairment	0	0	0
Allowance Collectively Evaluated for Impairment	448	469	424
Allowance Loans acquired with Deteriorated Credit Quality	0	0	0
Loans Ending Balance	20,333	20,082	21,246
Loans Individually Evaluated for Impairment	1,238	800	1,630
Loans Collectively Evaluated for Impairment	19,095	19,282	19,616
Loans Acquired with Deteriorated Credit Quality	0	0	0
Construction and Land Development [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Allowance Ending Balance	321	236	1,409
Allowance Individually Evaluated for Impairment	2	26	227
Allowance Collectively Evaluated for Impairment	319	210	1,182
Allowance Loans acquired with Deteriorated Credit Quality	0	0	0
Loans Ending Balance	31,150	29,467	31,110
Loans Individually Evaluated for Impairment	1,822	4,132	5,421
Loans Collectively Evaluated for Impairment	29,328	25,335	25,689
Loans Acquired with Deteriorated Credit Quality	0	0	0
Owner Occupied [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Allowance Ending Balance	1,167	1,837	1,200
Allowance Individually Evaluated for Impairment	383	905	673
Allowance Collectively Evaluated for Impairment	784	932	527
Allowance Loans acquired with Deteriorated Credit Quality	0	0	0
Loans Ending Balance	69,256	58,804	73,584
Loans Individually Evaluated for Impairment	6,785	8,311	11,713
Loans Collectively Evaluated for Impairment	62,471	50,493	61,871
Loans Acquired with Deteriorated Credit Quality	0	0	0
Non-Owner Occupied [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Allowance Ending Balance	460	607	670
Allowance Individually Evaluated for Impairment	26	0	371
Allowance Collectively Evaluated for Impairment	434	607	299
Allowance Loans acquired with Deteriorated Credit Quality	0	0	0
Loans Ending Balance	38,037	38,892	43,868
Loans Individually Evaluated for Impairment	2,867	6,593	13,066
Loans Collectively Evaluated for Impairment	35,170	32,299	30,802
Loans Acquired with Deteriorated Credit Quality	0	0	0
Multifamily [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Allowance Ending Balance	51	77	19
Allowance Individually Evaluated for Impairment	0	0	0
Allowance Collectively Evaluated for Impairment	51	77	19
Allowance Loans acquired with Deteriorated Credit Quality	0	0	0
Loans Ending Balance	8,537	11,438	11,560
Loans Individually Evaluated for Impairment	0	2,322	2,373
Loans Collectively Evaluated for Impairment	8,537	9,116	9,187
Loans Acquired with Deteriorated Credit Quality	0	0	0
Farmland [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Allowance Ending Balance	17	130	337
Allowance Individually Evaluated for Impairment	0	0	0
Allowance Collectively Evaluated for Impairment	17	130	337
Allowance Loans acquired with Deteriorated Credit Quality	0	0	0
Loans Ending Balance	388	434	1,463
Loans Individually Evaluated for Impairment	0	21	117
Loans Collectively Evaluated for Impairment	388	413	1,346
Loans Acquired with Deteriorated Credit Quality	0	0	0
First Deed of Trust [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Allowance Ending Balance	602	1,345	1,992
Allowance Individually Evaluated for Impairment	324	200	484
Allowance Collectively Evaluated for Impairment	278	1,145	1,508
Allowance Loans acquired with Deteriorated Credit Quality	0	0	0
Loans Ending Balance	56,776	61,837	66,873
Loans Individually Evaluated for Impairment	5,759	7,900	10,361
Loans Collectively Evaluated for Impairment	51,017	53,937	56,512
Loans Acquired with Deteriorated Credit Quality	0	0	0
Second Deed of Trust [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Allowance Ending Balance	111	275	394
Allowance Individually Evaluated for Impairment	98	142	32
Allowance Collectively Evaluated for Impairment	13	133	362
Allowance Loans acquired with Deteriorated Credit Quality	0	0	0
Loans Ending Balance	6,485	7,854	8,675
Loans Individually Evaluated for Impairment	1,212	1,360	1,257
Loans Collectively Evaluated for Impairment	5,273	6,494	7,418
Loans Acquired with Deteriorated Credit Quality	0	0	0
Consumer Real Estate [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Allowance Ending Balance	1,161	2,089	2,810
Allowance Individually Evaluated for Impairment	422	342	516
Allowance Collectively Evaluated for Impairment	739	1,747	2,294
Allowance Loans acquired with Deteriorated Credit Quality	0	0	0
Loans Ending Balance	83,594	89,773	96,794
Loans Individually Evaluated for Impairment	8,209	10,060	13,248
Loans Collectively Evaluated for Impairment	75,385	79,713	83,546
Loans Acquired with Deteriorated Credit Quality	0	0	0
Commercial and industrial loans (except those secured by real estate) [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Allowance Ending Balance	94	506	724
Allowance Individually Evaluated for Impairment	18	239	43
Allowance Collectively Evaluated for Impairment	76	267	681
Allowance Loans acquired with Deteriorated Credit Quality	0	0	0
Loans Ending Balance	20,086	22,165	26,254
Loans Individually Evaluated for Impairment	826	818	5,513
Loans Collectively Evaluated for Impairment	19,260	21,347	20,741
Loans Acquired with Deteriorated Credit Quality	0	0	0
Guaranteed student loans [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Allowance Ending Balance	230	217
Allowance Individually Evaluated for Impairment	0	0
Allowance Collectively Evaluated for Impairment	230	217
Loans Ending Balance	53,989	33,562
Loans Individually Evaluated for Impairment	0	0
Loans Collectively Evaluated for Impairment	53,989	33,562
Loans Acquired with Deteriorated Credit Quality	0	0
Consumer And Other [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Allowance Ending Balance	61	30	70
Allowance Individually Evaluated for Impairment	0	0	0
Allowance Collectively Evaluated for Impairment	61	30	70
Allowance Loans acquired with Deteriorated Credit Quality	0	0	0
Loans Ending Balance	1,734	1,611	1,930
Loans Individually Evaluated for Impairment	0	23	32
Loans Collectively Evaluated for Impairment	1,734	1,588	1,898
Loans Acquired with Deteriorated Credit Quality	$ 0	$ 0	$ 0

Allowance for loan losses (De62

Allowance for loan losses (Details Textual)) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
Loans and Leases Receivable, Allowance	$ 3,562	$ 5,729	$ 7,239	$ 10,808
Allowance for Loan and Lease Loss, Recovery of Bad Debts	649	771	917
Allowance for Loan and Lease Losses, Write-offs	816	2,381	5,659
Provision for Loan and Lease Losses	(2,000)	100	1,173
Unallocated Financing Receivable [Member]
Loans and Leases Receivable, Allowance	59
Commercial Real Estate Portfoliio [Member]
Allowance for Loan and Lease Loss, Recovery of Bad Debts	866
Allowance for Loan and Lease Losses, Write-offs	90	1,220
Increase (Decrease) in Finance Receivables	$ 6,179	$ 7,021
Percentage Of Recovery Loss On Portfolio From Historical Experience	0.57%	0.96%
Consumer Real Estate Portfoliio [Member]
Allowance for Loan and Lease Loss, Recovery of Bad Debts	$ 1,143
Allowance for Loan and Lease Losses, Write-offs	$ 215	$ 562
Percentage Of Recovery Loss On Portfolio From Historical Experience	0.24%	1.36%
Construction and Land Development [Member]
Loans and Leases Receivable, Allowance	$ 321	$ 236	1,409	$ 5,106
Allowance for Loan and Lease Loss, Recovery of Bad Debts	51	46	526
Allowance for Loan and Lease Losses, Write-offs	252	100	279
Increase (Decrease) in Finance Receivables		$ 1,643	$ 12,945
Percentage Of Recovery Loss On Portfolio From Historical Experience		0.27%	4.82%	7.81%
Provision for Loan and Lease Losses	$ 286	$ (1,119)	$ (3,944)

Premises and equipment (Details

Premises and equipment (Details) - USD ($) $ in Thousands	Dec. 31, 2015	Dec. 31, 2014
Property, Plant and Equipment [Line Items]
Total premises and equipment	$ 21,511	$ 21,636
Less: Accumulated depreciation and amortization	(7,840)	(7,335)
Premises and equipment, net	13,671	14,301
Land [Member]
Property, Plant and Equipment [Line Items]
Total premises and equipment	4,858	4,930
Building and Building Improvements [Member]
Property, Plant and Equipment [Line Items]
Total premises and equipment	9,216	9,311
Furniture Fixtures And Equipments Member [Member]
Property, Plant and Equipment [Line Items]
Total premises and equipment	$ 7,437	$ 7,395

Premises and equipment (Detai64

Premises and equipment (Details Textual) - USD ($)	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Property, Plant and Equipment [Line Items]
Depreciation, Depletion and Amortization, Total	$ 843,000	$ 681,000	$ 1,311,000

Investment in bank owned life65

Investment in bank owned life insurance (Details Textual) - USD ($)	Dec. 31, 2015	Dec. 31, 2014
Investment in bank owned life insurance [Abstract]
Bank owned life insurance, face amount	$ 14,254,000
Cash surrender value	$ 7,130,000	$ 6,947,000

Deposits (Details)

Deposits (Details) - USD ($) $ in Thousands	Dec. 31, 2015	Dec. 31, 2014
Deposits [Line Items]
Demand accounts	$ 78,282	$ 77,496
Interest checking accounts	44,256	42,924
Money market accounts	64,841	64,987
Savings accounts	19,403	20,643
Time deposits of $250,000 and over	9,717	9,965
Other time deposits	148,349	162,845
Total	$ 364,848	$ 378,860

Deposits (Details 1)

Deposits (Details 1) $ in Thousands	Dec. 31, 2015USD ($)
Time deposit [Line Items]
2,016	$ 87,663
2,017	27,697
2,018	20,582
2,019	4,816
2,020	17,308
Time Deposits	158,066
Less Than 250,000 [Member]
Time deposit [Line Items]
2,016	82,213
2,017	26,551
2,018	18,315
2,019	4,816
2,020	16,454
Time Deposits	148,349
Greater than or Equal to 250,000 [Member]
Time deposit [Line Items]
2,016	5,450
2,017	1,146
2,018	2,267
2,019	0
2,020	854
Time Deposits	$ 9,717

Deposits (Details Textual)

Deposits (Details Textual) - USD ($)	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014
Related Party Deposit Liabilities Percentage	5.00%
Related Party Deposit Liabilities	$ 6,240,000	$ 7,305,000

Borrowings (Details)

Borrowings (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2015USD ($)
Federal Home Loan Bank, Advances [Line Items]
Advances from Federal Home Loan Banks, Total	$ 6,000
Federal Home Loan Bank, Advances One [Member]
Federal Home Loan Bank, Advances [Line Items]
Federal Home Loan Bank, Advances, Interest Rate, Type	Fixed Rate Credit
Federal Home Loan Bank, Advances, Date	Feb. 25, 2016
Federal Home Loan Bank, Advances, Interest Rate	2.65%
Advances from Federal Home Loan Banks, Total	$ 1,000
Federal Home Loan Bank, Advances Two [Member]
Federal Home Loan Bank, Advances [Line Items]
Federal Home Loan Bank, Advances, Interest Rate, Type	Fixed Rate Credit
Federal Home Loan Bank, Advances, Date	Apr. 11, 2016
Federal Home Loan Bank, Advances, Interest Rate	2.71%
Advances from Federal Home Loan Banks, Total	$ 1,000
Federal Home Loan Bank, Advances Three [Member]
Federal Home Loan Bank, Advances [Line Items]
Federal Home Loan Bank, Advances, Interest Rate, Type	Fixed Rate Credit
Federal Home Loan Bank, Advances, Date	Jun. 1, 2016
Federal Home Loan Bank, Advances, Interest Rate	0.56%
Advances from Federal Home Loan Banks, Total	$ 800
Federal Home Loan Bank, Advances Four [Member]
Federal Home Loan Bank, Advances [Line Items]
Federal Home Loan Bank, Advances, Interest Rate, Type	Fixed Rate Credit
Federal Home Loan Bank, Advances, Date	Dec. 1, 2016
Federal Home Loan Bank, Advances, Interest Rate	0.81%
Advances from Federal Home Loan Banks, Total	$ 800
Federal Home Loan Bank, Advances Five [Member]
Federal Home Loan Bank, Advances [Line Items]
Federal Home Loan Bank, Advances, Interest Rate, Type	Fixed Rate Credit
Federal Home Loan Bank, Advances, Date	Jun. 1, 2017
Federal Home Loan Bank, Advances, Interest Rate	1.06%
Advances from Federal Home Loan Banks, Total	$ 800
Federal Home Loan Bank, Advances Six [Member]
Federal Home Loan Bank, Advances [Line Items]
Federal Home Loan Bank, Advances, Interest Rate, Type	Fixed Rate Credit
Federal Home Loan Bank, Advances, Date	Dec. 1, 2017
Federal Home Loan Bank, Advances, Interest Rate	1.27%
Advances from Federal Home Loan Banks, Total	$ 800
Federal Home Loan Bank, Advances Seven [Member]
Federal Home Loan Bank, Advances [Line Items]
Federal Home Loan Bank, Advances, Interest Rate, Type	Fixed Rate Credit
Federal Home Loan Bank, Advances, Date	Jun. 1, 2018
Federal Home Loan Bank, Advances, Interest Rate	1.48%
Advances from Federal Home Loan Banks, Total	$ 800

Borrowings (Details 1)

Borrowings (Details 1) - Federal Home Loan Bank Advances [Member] - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014
Debt Instrument [Line Items]
Maximum outstanding during the year FHLB advances	$ 14,000	$ 18,000
Balance outstanding at end of year FHLB advances	6,000	14,000
Average amount outstanding during the year FHLB advances	$ 9,027	$ 15,468
Average interest rate during the year FHLB advances	1.88%	2.16%
Average interest rate at end of year FHLB advances	1.58%	2.07%

Borrowings (Details Textual)

Borrowings (Details Textual) - USD ($)	Dec. 31, 2015	Dec. 31, 2014
Federal Home Loan Bank, Advances [Line Items]
Federal Home Loan Bank Stock	$ 685,000	$ 1,073,000
Long-term Federal Home Loan Bank Advances	$ 6,000,000	14,000,000
Federal Home Loan Bank, Advances, Branch of FHLB Bank, Due Date	2,018
Securities Sold under Agreements to Repurchase	$ 508,000	$ 3,302,000

Income taxes (Details)

Income taxes (Details) - USD ($) $ in Thousands	Dec. 31, 2015	Dec. 31, 2014
Deferred tax assets
Net operating loss carryforward	$ 8,475	$ 8,017
Capital loss carryforward	69	0
State net operating loss carryfoward	11	0
Allowance for loan losses	1,211	1,948
Unrealized loss on available-for-sale securities	226	332
Interest on nonaccrual loans	50	76
Expenses and writedowns related to foreclosed property	991	1,095
Merger stock options replacement	0	90
Stock compensation	140	45
Employee benefits	1,015	954
Pension expense	35	40
Depreciation	0	0
Other, net	38	32
Goodwill	39	55
Total deferred tax assets	12,300	12,684
Deferred tax liabilities
Depreciation	43	11
Amortization of intangibles	34	67
Total deferred tax liabilities	77	78
Net deferred tax asset prior to valuation allowance	12,223	12,606
Less Unrealized gain/(loss) on available-for-sale securities	(226)	(332)
Net deferred tax asset subject to valuation allowance	11,997	12,274
Less valuation allowance	11,997	12,274
Net deferred tax asset	$ 226	$ 332

Income taxes (Details 1)

Income taxes (Details 1) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Current tax expense (benefit)	$ 0	$ 67	$ 71
Deferred tax expense (benefit)	277	(401)	(1,852)
Valuation allowance	(277)	334	1,781
Provision (benefit) for income taxes	$ 0	$ 0	$ 0

Income taxes (Details 2)

Income taxes (Details 2) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Net income (loss) before income taxes	$ 646	$ (1,037)	$ (4,007)
Computed "expected" tax benefit	220	(352)	(1,362)
Valuation allowance change	(277)	334	1,781
State taxes, net of fed	0	44	46
Cash surrender value of life insurance	(62)	(62)	(64)
Other	119	36	(401)
Provision (benefit) for income taxes	$ 0	$ 0	$ 0

Income taxes (Details Textual)

Income taxes (Details Textual) - USD ($)	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014
Deferred Tax Assets, Valuation Allowance	$ 11,997,000	$ 12,274,000
Operating Loss Carryforwards	$ 23,563,000
Operating Loss Carry Forwards Expiration Period	31/12/2028
Operating Loss Carry forwards Subject To Limitation By Irs Per Year	$ 908,000
Operating Loss Carryforwards Subject To Limitation By Irs	1,257,000
Net Deferred Tax Asset Subject To Valuation Allowance	$ 11,997,000	$ 12,274,000

Earnings (loss) per share (Deta

Earnings (loss) per share (Details) - USD ($) $ / shares in Units, $ in Thousands	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Numerator
Net income (loss) - basic and diluted	$ 646	$ (1,037)	$ (4,007)
Preferred stock dividend and accretion	(674)	(1,436)	(886)
Preferred stock principal forgiveness	4,404	0	0
Preferred stock dividend forgiveness	2,215	0	0
Net income (loss) available to common shareholders	$ 6,591	$ (2,473)	$ (4,893)
Denominator
Weighted average shares outstanding - basic (in shares)	1,166	334	271
Dilutive effect of common stock options and restricted stock awards (in shares)	35	0	0
Weighted average shares outstanding - diluted (in shares)	1,201	334	271
Earnings (loss) per share - basic (in dollars per share)	$ 5.65	$ (7.39)	$ (18.06)
Earnings (loss) per share - diluted (in dollars per share)	$ 5.49	$ (7.39)	$ (18.06)

Earnings (loss) per share (De77

Earnings (loss) per share (Details Textual) - shares	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount	35	0	0
Stock Option [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount		6,830	5,338
Warrant [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount		14,642	320

Lease commitments (Details)

Lease commitments (Details) $ in Thousands	Dec. 31, 2015USD ($)
Operating Leases, Future Minimum Payments Due, Fiscal Year Maturity [Abstract]
2,016	$ 399
2,017	316
2,018	314
2,019	212
2,020	206
Operating Leases, Future Minimum Payments Due, Total	$ 1,447

Lease commitments (Details Text

Lease commitments (Details Textual) - USD ($)	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Operating Leases, Rent Expense, Minimum Rentals	$ 422,000	$ 439,000	$ 446,000

Commitments and contingencies80

Commitments and contingencies (Details) - USD ($) $ in Thousands	Dec. 31, 2015	Dec. 31, 2014
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Fair Value Disclosure, Off-balance Sheet Risks, Amount, Liability	$ 57,272	$ 48,842
Standby Letters of Credit [Member]
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Fair Value Disclosure, Off-balance Sheet Risks, Amount, Liability	1,484	1,571
Undisbursed credit lines [Member]
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Fair Value Disclosure, Off-balance Sheet Risks, Amount, Liability	46,656	38,064
Commitments to extend or originate credit [Member]
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Fair Value Disclosure, Off-balance Sheet Risks, Amount, Liability	$ 9,132	$ 9,207

Commitments and contingencies81

Commitments and contingencies (Details Textual)	12 Months Ended
	Dec. 31, 2015
Number Of Days Required To Notify Supervisory Authorities Prior To Undertaking Asset Growth	60 days
Tier One Risk Based Capital Requirement	8.00%
Capital To Risk Weighted Assets Requirement	11.00%
Percentage Of Asset Growth	10.00%
Percentage of assets classified Doubtful required to be eliminated from books per Consent Order in hundredths	50.00%

Shareholders' equity and regu82

Shareholders' equity and regulatory matters (Details) - USD ($) $ in Thousands		Dec. 31, 2015		Mar. 27, 2015	Dec. 31, 2014
Total capital (to risk-weighted assets), Amount [Abstract]
Actual Amount		$ 42,397,000			$ 31,946,000
For Capital Adequacy Purposes		24,394,000			22,875,000
To be Well Capitalized Amount		$ 30,492,000			$ 28,594,000
Total capital (to risk-weighted assets), Ratio [Abstract]
Actual Ratio (in percentage)		13.90%			11.17%
For Capital Adequacy Purposes (in percentage)		8.00%			8.00%
To be Well Capitalized (in percentage)		10.00%			10.00%
Tier 1 capital (to risk-capital to average assets), Amount [Abstract]
Actual Amount	[1]	$ 35,977,000			$ 21,037,000
For Capital Adequacy Purposes	[1]	12,197,000			11,437,000
To be Well Capitalized Amount	[1]	$ 18,295,000			$ 17,156,000
Tier 1 capital (to risk-capital to average assets), Ratio [Abstract]
Actual Ratio (in percentage)	[1]	11.80%			7.36%
For Capital Adequacy Purposes (in percentage)	[1]	4.00%			4.00%
To be Well Capitalized (in percentage)	[1]	6.00%			6.00%
Leverage ratio (Tier 1 capital to average assets), Amount [Abstract]
Actual Amount	[1]	$ 35,977,000			$ 21,037,000
For Capital Adequacy Purposes	[1]	17,062,000			17,170,000
To be Well Capitalized Amount	[1]	$ 21,328,000			$ 21,463,000
Leverage ratio (Tier 1 capital to average assets), Ratio [Abstract]
Actual Ratio (in percentage)	[1]	8.43%			4.90%
For Capital Adequacy Purposes (in percentage)		4.00%	[1]	9.33%	4.00%	[1]
To be Well Capitalized (in percentage)	[1]	5.00%			5.00%
Common equity (Tier 1 risk based capital to risk weighted assets), Ratio [Abstract]
Actual Ratio (in percentage)		4.50%
For Capital Adequacy Purposes (in percentage)		7.00%
Subsidiaries [Member]
Total capital (to risk-weighted assets), Amount [Abstract]
Actual Amount		$ 42,695,000			$ 34,253,000
For Capital Adequacy Purposes		24,369,000			22,926,000
To be Well Capitalized Amount		$ 30,461,000			$ 28,358,000
Total capital (to risk-weighted assets), Ratio [Abstract]
Actual Ratio (in percentage)		14.02%			12.08%
For Capital Adequacy Purposes (in percentage)		8.00%			8.00%
To be Well Capitalized (in percentage)		10.00%			10.00%
Tier 1 capital (to risk-capital to average assets), Amount [Abstract]
Actual Amount	[1]	$ 39,133,000			$ 30,681,000
For Capital Adequacy Purposes	[1]	12,184,000			11,343,000
To be Well Capitalized Amount	[1]	$ 18,277,000			$ 17,015,000
Tier 1 capital (to risk-capital to average assets), Ratio [Abstract]
Actual Ratio (in percentage)	[1]	12.85%			10.82%
For Capital Adequacy Purposes (in percentage)	[1]	4.00%			4.00%
To be Well Capitalized (in percentage)	[1]	6.00%			6.00%
Leverage ratio (Tier 1 capital to average assets), Amount [Abstract]
Actual Amount	[1]	$ 39,133,000			$ 30,681,000
For Capital Adequacy Purposes	[1]	16,776,000			17,084,000
To be Well Capitalized Amount	[1]	$ 20,970,000			$ 21,355,000
Leverage ratio (Tier 1 capital to average assets), Ratio [Abstract]
Actual Ratio (in percentage)	[1]	9.33%			7.18%
For Capital Adequacy Purposes (in percentage)	[1]	4.00%			4.00%
To be Well Capitalized (in percentage)	[1]	5.00%			5.00%
Common equity (Tier 1 risk based capital to risk weighted assets), Amount [Abstract]
Actual Amount		$ 39,133,000
For Capital Adequacy Purposes		13,707,000
To be Well Capitalized Amount		$ 15,231,000
Common equity (Tier 1 risk based capital to risk weighted assets), Ratio [Abstract]
Actual Ratio (in percentage)		12.85%
For Capital Adequacy Purposes (in percentage)		4.50%
To be Well Capitalized (in percentage)		6.50%
[1]	Under the Consent Order, the Bank was not considered well capitalized even though it met the ratio requirements to be classified as such at December 31, 2014. The MOU requires the total capital to risk-weighted assets to be at least 12% and the leverage ratio to be at least 8%.

Shareholders' equity and regu83

Shareholders' equity and regulatory matters (Details Textual) - USD ($)		May. 01, 2009	Mar. 27, 2015	Dec. 31, 2015		Dec. 31, 2014		Dec. 31, 2013	Feb. 28, 2012
Gross Proceeds From Rights Offerings			$ 14,589,381
Forgiven Of Accrued Dividend On Preferred Stock				$ 2,215,009
Class of Warrant or Right, Number of Securities Called by Warrants or Rights		499,029	1,051,866
Class of Warrant or Right, Exercise Price of Warrants or Rights		$ 4.43	$ 13.87
Percentage Of Premium Over Closing Price In Hundred								30.00%
Proceeds from Issuance of Private Placement								$ 1,684,075
Share Price								$ 24.80
Dividends Payable				$ 2,077,477
Cumulative Dividend Rate Per Annum For First Five Years				5.00%
Cumulative Dividend Rate Per Annum				9.00%
Fair Value Of Preferred Stock Estimated Using Discounted Cash Flow Methodology				13.00%
Preferred Stock, Shares Issued		14,738		5,715		14,738
Preferred Stock, Par or Stated Value Per Share		$ 4		$ 4		$ 4
Preferred Stock, Liquidation Preference Per Share		$ 1,000		$ 1,000		$ 1,000
Discounted Cash Flow Methodology Number Of Payments				20
Fair Value Of Securities Using Pricing Model				$ 10,742,000
Aggregate Fair Value Attributable Percentage				95.00%
Fair Value Assumptions, Expected Volatility Rate				25.00%
Fair Value Assumptions, Risk Free Interest Rate				2.03%
Fair Value Assumptions, Expected Dividend Rate				6.162%
Preference Stock Issued During Period Value New Issues				$ 14,738,000
Fair Value Assumptions, Expected Term				5 years
Payments to Acquire Businesses, Gross		$ 14,738,000
Tier One Risk Based Capital to Risk Weighted Assets	[1]			11.80%		7.36%
Capital to Risk Weighted Assets				13.90%		11.17%
Tier One Leverage Capital to Average Assets	[1]			8.43%		4.90%
Common Equity Tier One Risk Based Capital to Risk Weighted Assets				4.50%
Excess Common Equity Tier One Capital to Risk Weighted Assets				2.50%
Common Equity Tier One Risk Based Capital Required for Capital Adequacy to Risk Weighted Assets				7.00%
Tier One Risk Based Capital Required for Capital Adequacy to Risk Weighted Assets	[1]			4.00%		4.00%
Tier One Leverage Capital Required for Capital Adequacy to Average Assets			9.33%	4.00%	[1]	4.00%	[1]
Minimum Leverage Ratio To Be Maintained As Per Consent Order						8.00%
Minimum Capital To Risk Weighted Assets Ratio To Be Maintained As Per Consent Order						12.00%
Subsidiaries [Member]
Tier One Risk Based Capital to Risk Weighted Assets	[1]			12.85%		10.82%
Capital to Risk Weighted Assets				14.02%		12.08%
Tier One Leverage Capital to Average Assets	[1]			9.33%		7.18%
Common Equity Tier One Risk Based Capital to Risk Weighted Assets				12.85%
Common Equity Tier One Risk Based Capital Required for Capital Adequacy to Risk Weighted Assets				4.50%
Tier One Risk Based Capital Required for Capital Adequacy to Risk Weighted Assets	[1]			4.00%		4.00%
Tier One Leverage Capital Required for Capital Adequacy to Average Assets	[1]			4.00%		4.00%
Minimum [Member]
Excess Tier One Risk Based Capital to Risk Weighted Assets				4.00%
Tier One Risk Based Capital Required for Capital Adequacy to Risk Weighted Assets				8.50%
Minimum Leverage Ratio To Be Maintained As Per Consent Order				8.00%
Minimum Capital To Risk Weighted Assets Ratio To Be Maintained As Per Consent Order				12.00%
Maximum [Member]
Capital to Risk Weighted Assets									11.00%
Tier One Leverage Capital to Average Assets									8.00%
Excess Tier One Risk Based Capital to Risk Weighted Assets				6.00%
Village Financial Statutory Trust II [Member]
Number Of Securities Issued During Period Upon Exercise Of Basic Subscription Rights			283,293
Number Of Securities Issued Upon Exercise Of Oversubscription Privileges			191,773
Percentage Of Number Of Shares Pursuant To Over Subscription			36.90%
Preferred Stock [Member]
Fair Value Of Securities Using Pricing Model				$ 10,208,000
Stock and Warrants Issued During Period, Value, Preferred Stock and Warrants				14,006,000
Warrant [Member]
Fair Value Of Securities Using Pricing Model				$ 534,000
Aggregate Fair Value Attributable Percentage				5.00%
Stock and Warrants Issued During Period, Value, Preferred Stock and Warrants				$ 732,000
Directors And Executive Officers [Member]
Stock Issued During Period, Shares, New Issues								67,907
Standby Offering [Member]
Gross Proceeds From Rights Offerings			$ 4,618,813
Class of Warrant or Right, Number of Securities Called by Warrants or Rights			576,800
Conversion of Stock, Shares Issued			333,007
Conversion of Stock, Shares Converted			9,023
Stock Issued During Period, Shares, New Issues			243,793
[1]	Under the Consent Order, the Bank was not considered well capitalized even though it met the ratio requirements to be classified as such at December 31, 2014. The MOU requires the total capital to risk-weighted assets to be at least 12% and the leverage ratio to be at least 8%.

Stock incentive plan (Details)

Stock incentive plan (Details) - USD ($)	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding [Roll Forward]
Options outstanding, beginning of period (in shares)	6,830	6,210	15,977
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Gross	0	884	1,760
Share-based Compensation Arrangement by Share-based Payment Award, Options, Forfeitures in Period	(3,901)	(264)	(11,527)
Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercises in Period	0	0	0
Options outstanding, end of period (in shares)	2,929	6,830	6,210
Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercisable, Number	1,730	5,318	4,607
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Weighted Average Exercise Price [Abstract]
Options outstanding, beginning of period (in dollars per share)	$ 92.34	$ 99.03	$ 155.36
Share-based Compensation Arrangements by Share-based Payment Award, Options, Grants in Period, Weighted Average Exercise Price	0	25.28	25.28
Share-based Compensation Arrangements by Share-based Payment Award, Options, Forfeitures in Period, Weighted Average Exercise Price	168.79	25.28	123.20
Share-based Compensation Arrangements by Share-based Payment Award, Options, Exercises in Period, Weighted Average Exercise Price	0	0	0
Options outstanding, end of period (in dollars per share)	24.47	92.34	99.03
Share-based Compensation Arrangement by Share-based Payment Award, Options, Additional Disclosures [Abstract]
Options outstanding, beginning of the period, fair value (in dollars per share)	52.74	64.96	74.40
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Weighted Average Grant Date Fair Value	0	15.52	9.76
Share Based Compensation Arrangement By Share Based Payment Award Options Forfeited Fair Value	95.85	80.33	79.84
Share Based Compensation Arrangement By Share Based Payment Award Options Exercised During Period Fair Value	0	0	0
Options outstanding, ending balance fair value (in dollars per share)	$ 12.71	$ 52.74	$ 64.96
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Intrinsic Value	$ 0	$ 0	$ 0

Stock incentive plan (Details 1

Stock incentive plan (Details 1) - $16.00-$25.76 [Member]	12 Months Ended
	Dec. 31, 2015$ / sharesshares
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items]
Outstanding Number of Options (in shares) | shares	2,929
Outstanding Weighted Average Remaining Years of Contractual Life	28 years 8 months 12 days
Outstanding Weighted Average Exercise Price (in dollars per share) | $ / shares	$ 24.47
Exercisable Number of Options (in shares) | shares	1,730
Exercisable Weighted Average Exercise Price (in dollars per share) | $ / shares	$ 23.75

Stock incentive plan (Details 2

Stock incentive plan (Details 2) - Restricted Stock [Member] - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		12 Months Ended
	Sep. 30, 2014	Mar. 31, 2014	Dec. 31, 2015	Dec. 31, 2014
Schedule Of Nonvested Restricted Stock Units Activity [Line Items]
Begining Balance			14,084
Shares, Granted	6,278	4,423	40,675	1,625
Shares, Vested			(11,354)
Shares, Forfeited			0
Ending Balance			43,405	14,084
Begining Balance			$ 25.41
Weighted-Average Grant-Date Fair-Value, Granted	$ 27.04	$ 21.28	19.72	$ 27.69
Weighted-Average Grant-Date Fair-Value, Vested			15.99
Weighted-Average Grant-Date Fair-Value, Forfeited			0
Ending Balance			$ 22.54	$ 25.41
Begining Balance			$ 267,596
Aggregate Intrinsic Value, Granted			772,825
Aggregate Intrinsic Value, Vested			(215,726)
Aggregate Intrinsic Value, Forfeited			0
Ending Balance			$ 824,695	$ 267,596

Stock incentive plan (Details T

Stock incentive plan (Details Textual) - USD ($)	3 Months Ended		12 Months Ended
	Sep. 30, 2014	Mar. 31, 2014	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Employee Service Share-based Compensation, Nonvested Awards, Compensation Not yet Recognized, Share-based Awards Other than Options			$ 514,000
Employee Service Share-based Compensation, Nonvested Awards, Compensation Cost Not yet Recognized, Period for Recognition			2 years 3 months 7 days
Allocated Share-based Compensation Expense			$ 262,000	$ 131,000	$ 11,000
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range, Lower Range Limit			$ 16
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range, Upper Range Limit			$ 25.76
Restricted Stock [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Employee Service Share-based Compensation, Nonvested Awards, Compensation Not yet Recognized, Share-based Awards Other than Options			$ 514,000	$ 329,000
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period	6,278	4,423	40,675	1,625
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period, Weighted Average Grant Date Fair Value	$ 27.04	$ 21.28	$ 19.72	$ 27.69
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number, Beginning Balance			43,405	14,084
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period			3 years

Trust preferred securities (Det

Trust preferred securities (Details Textual) - USD ($)	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014
Debt Instrument [Line Items]
Trust preferred capital notes	$ 8,764,000	$ 8,764,000
Deferred interest payments on the junior subordinated debt securities	$ 1,346,000	$ 1,167,000
Percentage of Tier one risk based capital required for capital adequacy (in hundredths)	25.00%
Southern Community Financial Capital Trust I [Member]
Debt Instrument [Line Items]
Debt Instrument, Issuance Date	Feb. 24, 2005
Trust preferred capital notes	$ 5,200,000
Debt Instrument, description of variable rate basis	three-month LIBOR plus 2.15%
Interest rate (in hundredths)	2.69%	2.40%
Maturity date	Mar. 15, 2035
Principal assets of the trust	$ 5,200,000
Village Financial Statutory Trust II [Member]
Debt Instrument [Line Items]
Debt Instrument, Issuance Date	Sep. 20, 2007
Trust preferred capital notes	$ 3,600,000
Debt Instrument, description of variable rate basis	three-month LIBOR plus 1.4%
Interest rate (in hundredths)	1.94%
Maturity date	Dec. 31, 2037
Principal assets of the trust	$ 3,600,000
Trust Preferred Securities [Member]
Debt Instrument [Line Items]
Deferred interest payments on the junior subordinated debt securities	$ 1,273,000

Retirement plans (Details Textu

Retirement plans (Details Textual) - USD ($)	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Defined Benefit Plan Disclosure [Line Items]
Defined Contribution Plan, Employer Discretionary Contribution Amount	$ 0.50
Defined Contribution Retirement Plan Employee Contribution	$ 1
Defined Contribution Plan, Employer Matching Contribution, Percent of Employees' Gross Pay	4.00%
Defined Contribution Retirement Plan Vesting Period	3 months
DefinedContributionPlanContributionsMadeByEmployerAndEmployee	$ 159,000	$ 150,000	$ 165,000
Bank Owned Life Insurance Income	183,000	182,000	189,000
Supplemental Employee Retirement Plan [Member]
Defined Benefit Plan Disclosure [Line Items]
Bank Owned Life Insurance Income	$ 183,000	182,000	189,000
Defined Contribution Retirement Plan Participant Approval Period	60 days
Deferred Compensation Arrangement with Individual, Requisite Service Period	10 years
Pension and Other Postretirement Defined Benefit Plans, Liabilities, Total	$ 1,972,000	1,840,000
Defined Contribution Plan, Cost Recognized	201,000	257,000	462,000
Directors Deferral Plan [Member]
Defined Benefit Plan Disclosure [Line Items]
Pension and Other Postretirement Defined Benefit Plans, Liabilities, Total	82,000	206,000
Defined Contribution Plan, Cost Recognized	87,000	123,000	$ 165,000
Common Stock, Shares Held in Employee Trust	$ 1,034,382	$ 877,644
Common Stock, Shares Held in Employee Trust, Shares	48,055	35,389

Fair Value (Details)

Fair Value (Details) - USD ($) $ in Thousands	Dec. 31, 2015	Dec. 31, 2014
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets held for sale	$ 12,631	$ 11,743
Reported Value Measurement [Member] | Fair Value, Inputs, Level 2 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Impaired loans	18,862	30,028
Assets held for sale	12,631	11,743
Real estate owned	6,190	12,168
Reported Value Measurement [Member] | Fair Value, Inputs, Level 3 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Impaired loans	1,647	2,263
Real estate owned	59	470
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 1 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
US Government Agencies	3,307	0
Mortgage-backed securities	0	0
Municipals	0	0
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 2 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
US Government Agencies	30,406	33,347
Mortgage-backed securities	3,001	484
Municipals	1,205	5,711
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 3 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
US Government Agencies	0	0
Mortgage-backed securities	0	0
Municipals	0	0
Fair Value, Measurements, Recurring [Member] | Reported Value Measurement [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
US Government Agencies	33,713	33,347
Mortgage-backed securities	3,001	484
Municipals	1,205	5,711
Fair Value, Measurements, Nonrecurring [Member] | Fair Value, Inputs, Level 1 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Impaired loans	0	0
Assets held for sale	0
Real estate owned	0	0
Fair Value, Measurements, Nonrecurring [Member] | Fair Value, Inputs, Level 2 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Impaired loans	16,331	30,028
Assets held for sale	12,631	11,743
Real estate owned	6,190	12,168
Fair Value, Measurements, Nonrecurring [Member] | Fair Value, Inputs, Level 3 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Impaired loans	4,178	2,252
Assets held for sale	0	0
Real estate owned	59	470
Fair Value, Measurements, Nonrecurring [Member] | Reported Value Measurement [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Impaired loans	20,509	32,280
Assets held for sale	12,631	11,743
Real estate owned	$ 6,249	$ 12,638

Fair Value (Details 1)

Fair Value (Details 1) - USD ($) $ in Thousands		12 Months Ended
		Dec. 31, 2015	Dec. 31, 2014
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Fair Value Measurements, Valuation Techniques	[1]	Appraisal (1) or Internal Valuation (2)	Appraisal (1) or Internal Valuation (2)
Assets held for sale		$ 12,631	$ 11,743
Minimum [Member]
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Selling costs (in hundredths)		6.00%	6.00%
Discount for lack of marketability and age of appraisal (in hundredths)		6.00%	6.00%
Maximum [Member]
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Selling costs (in hundredths)		10.00%	10.00%
Discount for lack of marketability and age of appraisal (in hundredths)		30.00%	30.00%
Weighted Average [Member]
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Selling costs (in hundredths)		7.00%	7.00%
Discount for lack of marketability and age of appraisal (in hundredths)		15.00%	15.00%
Impaired Loans Real Estate Secured [Member]
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Assets, Fair Value Disclosure		$ 1,042	$ 1,438
Fair Value Measurements, Valuation Techniques	[1],[2]	Appraisal (1) or Internal Valuation (2)	Appraisal (1) or Internal Valuation (2)
Impaired Loans Real Estate Secured [Member] | Appraisal or Internal Valuation Technique [Member] | Minimum [Member]
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Selling costs (in hundredths)		6.00%	6.00%
Discount for lack of marketability and age of appraisal (in hundredths)		6.00%	6.00%
Impaired Loans Real Estate Secured [Member] | Appraisal or Internal Valuation Technique [Member] | Maximum [Member]
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Selling costs (in hundredths)		10.00%	10.00%
Discount for lack of marketability and age of appraisal (in hundredths)		30.00%	30.00%
Impaired Loans Real Estate Secured [Member] | Appraisal or Internal Valuation Technique [Member] | Weighted Average [Member]
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Selling costs (in hundredths)		7.00%	7.00%
Discount for lack of marketability and age of appraisal (in hundredths)		10.00%	10.00%
Impaired Loans Non Real Estate Secured [Member]
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Assets, Fair Value Disclosure		$ 605	$ 825
Fair Value Measurements, Valuation Techniques	[1],[2]	Appraisal (1) or Internal Valuation (2)	Appraisal (1) or Internal Valuation (2)
Impaired Loans Non Real Estate Secured [Member] | Appraisal or Internal Valuation Technique [Member]
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Selling costs (in hundredths)		10.00%	10.00%
Impaired Loans Non Real Estate Secured [Member] | Appraisal or Internal Valuation Technique [Member] | Minimum [Member]
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Discount for lack of marketability and age of appraisal (in hundredths)		0.00%	0.00%
Impaired Loans Non Real Estate Secured [Member] | Appraisal or Internal Valuation Technique [Member] | Maximum [Member]
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Discount for lack of marketability and age of appraisal (in hundredths)		50.00%	50.00%
Impaired Loans Non Real Estate Secured [Member] | Appraisal or Internal Valuation Technique [Member] | Weighted Average [Member]
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Discount for lack of marketability and age of appraisal (in hundredths)		20.00%	20.00%
Real Estate Owned [Member]
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Assets, Fair Value Disclosure		$ 59	$ 470
Fair Value Measurements, Valuation Techniques	[1],[2]	Appraisal (1) or Internal Valuation (2)	Appraisal (1) or Internal Valuation (2)
Real Estate Owned [Member] | Appraisal or Internal Valuation Technique [Member] | Minimum [Member]
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Selling costs (in hundredths)		6.00%	6.00%
Discount for lack of marketability and age of appraisal (in hundredths)		6.00%	6.00%
Real Estate Owned [Member] | Appraisal or Internal Valuation Technique [Member] | Maximum [Member]
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Selling costs (in hundredths)		10.00%	10.00%
Discount for lack of marketability and age of appraisal (in hundredths)		30.00%	30.00%
Real Estate Owned [Member] | Appraisal or Internal Valuation Technique [Member] | Weighted Average [Member]
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Selling costs (in hundredths)		7.00%	7.00%
Discount for lack of marketability and age of appraisal (in hundredths)		15.00%	15.00%
[1]	Internal valuations may be conducted to determine Fair Value for assets with nominal carrying balances.
[2]	Fair Value is generally determined through independent appraisals of the underlying collateral, which generally included various level 3 inputs which are not identifiable.

Fair Value (Details 2)

Fair Value (Details 2) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014
Unobservable Input Reconciliation, Calculation [Roll Forward]
Balance at beginning of year	$ 15,343	$ 17,383
Total realized and unrealized gains (losses) Included in earnings	142	381
Included in other comprehensive income	0	0
Net transfers in and/or out of Level 3	(1,148)	(2,421)
Balance at end of period	14,337	15,343
Impaired Loans [Member]
Unobservable Input Reconciliation, Calculation [Roll Forward]
Balance at beginning of year	2,263	4,253
Total realized and unrealized gains (losses) Included in earnings	0	0
Included in other comprehensive income	0	0
Net transfers in and/or out of Level 3	(616)	(1,990)
Balance at end of period	1,647	2,263
Real Estate Owned [Member]
Unobservable Input Reconciliation, Calculation [Roll Forward]
Balance at beginning of year	1,337	1,529
Total realized and unrealized gains (losses) Included in earnings	142	381
Included in other comprehensive income	0	0
Net transfers in and/or out of Level 3	(1,420)	(573)
Balance at end of period	59	1,337
Assets Held For Sale [Member]
Unobservable Input Reconciliation, Calculation [Roll Forward]
Balance at beginning of year	11,743	11,601
Total realized and unrealized gains (losses) Included in earnings	0	0
Included in other comprehensive income	0	0
Net transfers in and/or out of Level 3	888	142
Balance at end of period	$ 12,631	$ 11,743

Fair Value (Details 3)

Fair Value (Details 3) - USD ($) $ in Thousands	Dec. 31, 2015	Dec. 31, 2014
Financial assets [Abstract]
Investment securities available for sale	$ 37,919	$ 39,542
Assets held for sale	12,631	11,743
Fair Value, Inputs, Level 1 [Member] | Reported Value Measurement [Member]
Financial assets [Abstract]
Cash	17,076	25,115
Investment securities available for sale	3,307	0
Fair Value, Inputs, Level 1 [Member] | Estimate of Fair Value Measurement [Member]
Financial assets [Abstract]
Cash	17,076	25,115
Investment securities available for sale	3,307	0
Fair Value, Inputs, Level 2 [Member] | Reported Value Measurement [Member]
Financial assets [Abstract]
Cash equivalents	186	23,988
Investment securities available for sale	34,612	39,542
Federal Home Loan Bank stock	685	1,073
Loans held for sale	14,373	9,914
Loans	286,262	253,855
Impaired loans	18,862	30,028
Assets held for sale	12,631	11,743
Other real estate owned	6,190	12,168
Accrued interest receivable	2,060	1,372
Financial liabilities [Abstract]
Deposits	364,848	378,860
FHLB borrowings	6,000	14,000
Trust preferred securities	8,764	8,764
Other borrowings	508	3,302
Accrued interest payable	1,346	1,167
Fair Value, Inputs, Level 2 [Member] | Estimate of Fair Value Measurement [Member]
Financial assets [Abstract]
Cash equivalents	186	23,988
Investment securities available for sale	34,612	39,542
Federal Home Loan Bank stock	685	1,073
Loans held for sale	14,373	9,914
Loans	274,230	249,942
Impaired loans	18,862	30,028
Assets held for sale	12,631	11,743
Other real estate owned	6,190	12,168
Accrued interest receivable	2,060	1,372
Financial liabilities [Abstract]
Deposits	365,294	379,857
FHLB borrowings	6,004	14,065
Trust preferred securities	8,984	7,274
Other borrowings	508	3,303
Accrued interest payable	1,346	1,167
Fair Value, Inputs, Level 3 [Member] | Reported Value Measurement [Member]
Financial assets [Abstract]
Impaired loans	1,647	2,263
Other real estate owned	59	470
Bank owned life insurance	7,130	6,947
Fair Value, Inputs, Level 3 [Member] | Estimate of Fair Value Measurement [Member]
Financial assets [Abstract]
Impaired loans	1,647	2,263
Other real estate owned	59	470
Bank owned life insurance	$ 7,130	$ 6,947

Parent corporation only finan94

Parent corporation only financial statements (Details) - USD ($) $ in Thousands	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
Assets
Cash and due from banks	$ 17,076	$ 25,115
Total assets	419,941	434,004
Liabilities
Other liabilities	8,116	8,853
Total liabilities	389,582	414,946
Shareholders' equity
Preferred stock	23	59
Common stock	5,562	1,339
Additional paid-in capital	58,497	58,188
Accumulated deficit	(33,948)	(40,539)
Accumulated other comprehensive loss	(507)	(721)
Total shareholders' equity	30,359	19,058	$ 18,244	$ 24,965
Liabilities and Equity	419,941	434,004
Parent Company [Member]
Assets
Cash and due from banks	3,494	84
Investment in subsidiaries	38,665	30,158
Investment in special purpose subsidiary	264	264
Prepaid expenses and other assets	45	2,062
Total assets	42,468	32,568
Liabilities
Balance due to nonbank subsidiaries	8,764	8,764
Other liabilities	3,345	4,746
Total liabilities	12,109	13,510
Shareholders' equity
Preferred stock	23	59
Common stock	5,562	1,339
Additional paid-in capital	58,498	58,188
Warrant surplus	732	732
Accumulated deficit	(33,949)	(40,539)
Stock in directors rabbi trust	(1,034)	(878)
Directors deferred fees obligation	1,034	878
Accumulated other comprehensive loss	(507)	(721)
Total shareholders' equity	30,359	19,058
Liabilities and Equity	$ 42,468	$ 32,568

Parent corporation only finan95

Parent corporation only financial statements (Details 1) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Interest expense
Total interest expense	$ 2,867	$ 3,560	$ 4,425
Net interest expense	(12,637)	(13,018)	(15,189)
Noninterest expense
Write down of assets held for sale	2,649	0	0
Supplies	278	344	436
Professional and outside services	2,930	2,550	2,420
Other	1,902	2,169	2,356
Total noninterest expense	24,049	21,844	30,278
Net income (loss) before income tax expense (benefit)	646	(1,037)	(4,007)
Income tax expense (benefit)	0	0	0
Net income (loss)	646	(1,037)	(4,007)
Total comprehensive income (loss)	214	3,117	(3,672)
Parent Company [Member]
Interest income
Village Bank money market	10	1	3
Interest expense
Interest on accrued and upaid dividends	0	0	55
Interest on trust preferred securities	213	215
Total interest expense	213	215
Net interest expense	(203)	(214)
Noninterest expense
Write down of assets held for sale	1,759	0
Supplies	48	54
Professional and outside services	412	53
Other	52	52
Total noninterest expense	2,271	159
Net loss before undistributed income (loss) of subsidiary	(2,474)	(373)	$ (381)
Undistributed income (loss) of subsidiary	3,120	(664)
Net income (loss) before income tax expense (benefit)	646	(1,037)
Income tax expense (benefit)	0	0
Net income (loss)	646	(1,037)
Total comprehensive income (loss)	$ 860	$ 2,080

Parent corporation only finan96

Parent corporation only financial statements (Details 2) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Cash Flows from Operating Activities
Net income (loss)	$ 646	$ (1,037)	$ (4,007)
Adjustments to reconcile net income (loss) to net cash used in operating activities
Depreciation and amortization	843	681	1,311
Writedown on assets held for sale	2,649	0	0
(Increase) decrease in other assets	190	138	(1,110)
Increase (decrease) in other liabilities	505	2,736	(2,279)
Net cash used in operating activities	2,350	(2,252)	(18,159)
Cash Flows from Investing Activities
Net cash used in investing activities	(13,571)	21,832	25,068
Cash Flows from Financing Activities
Proceeds from issuance of common stock	(79)	(11)	1,684
Net proceeds from sale of common stock, net of expenses of $990	8,965	0	0
Net cash provided by (used in) financing activities	(15,920)	(15,190)	(56,149)
Net increase (decrease) in cash	(31,841)	8,894	(12,922)
Cash and cash equivalents, beginning of period	49,103	40,209	53,131
Cash and cash equivalents, end of period	17,262	49,103	40,209
Parent Company [Member]
Cash Flows from Operating Activities
Net income (loss)	646	(1,037)
Adjustments to reconcile net income (loss) to net cash used in operating activities
Depreciation and amortization	0	0
Writedown on assets held for sale	1,759	0
Undistributed (income) loss of subsidiary	(3,120)	664
(Increase) decrease in other assets	258	(239)
Increase (decrease) in other liabilities	(19)	247
Net cash used in operating activities	(476)	(365)
Cash Flows from Investing Activities
Investment in subsidiary	(5,000)	0
Net cash used in investing activities	(5,000)	0
Cash Flows from Financing Activities
Proceeds from issuance of common stock	(79)	(11)
Net proceeds from sale of common stock, net of expenses of $990	8,965	0
Net cash provided by (used in) financing activities	8,886	(11)
Net increase (decrease) in cash	3,410	(376)
Cash and cash equivalents, beginning of period	84	460
Cash and cash equivalents, end of period	$ 3,494	$ 84	$ 460