First Priority Financial 10-K 23 Mar 17 2016 FY Annual report Financial data

Document and Entity Information

Document and Entity Information - USD ($)	12 Months Ended
	Dec. 31, 2016	Mar. 20, 2017	Jun. 30, 2016
Document And Entity Information [Abstract]
Document Type	10-K
Amendment Flag	false
Document Period End Date	Dec. 31, 2016
Document Fiscal Year Focus	2,016
Document Fiscal Period Focus	FY
Trading Symbol	FPBK
Entity Registrant Name	FIRST PRIORITY FINANCIAL CORP.
Entity Central Index Key	1,389,772
Current Fiscal Year End Date	--12-31
Entity Well-known Seasoned Issuer	No
Entity Current Reporting Status	Yes
Entity Voluntary Filers	No
Entity Filer Category	Smaller Reporting Company
Entity Common Stock, Shares Outstanding		6,540,919
Entity Public Float			$ 29,611,000

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($) $ in Thousands	Dec. 31, 2016	Dec. 31, 2015
Assets
Cash and due from banks	$ 2,790	$ 3,533
Interest-bearing deposits in banks	1,971	2,376
Total cash and cash equivalents	4,761	5,909
Securities available for sale, at fair value (amortized cost: $70,635 and $94,389, respectively)	70,560	94,704
Securities held to maturity, at amortized cost (fair value: $19,584 and $20,446, respectively)..	19,043	19,886
Loans receivable	488,243	409,153
Less: allowance for loan losses	3,330	2,795
Net loans	484,913	406,358
Restricted investments in bank stocks	3,257	3,368
Premises and equipment, net	1,755	2,033
Bank owned life insurance	3,256	3,178
Accrued interest receivable	1,817	1,623
Other real estate owned	1,486	1,633
Deferred taxes	2,697	3,543
Goodwill	2,725	2,725
Intangible assets with finite lives, net	235	310
Other assets	1,290	1,270
Total Assets	597,795	546,540
Deposits:
Non-interest bearing	54,817	46,343
Interest-bearing	412,871	362,344
Total deposits	467,688	408,687
Federal home Loan Bank of Pittsburgh advances	68,164	74,725
Subordinated debt	9,207	9,201
Accrued interest payable	510	450
Other liabilities	4,180	1,386
Total Liabilities	549,749	494,449
Shareholders’ Equity
Common stock, $1 par value; authorized 20,000,000 shares as of December 31, 2016 and 10,000,000 shares as of December 31, 2015; issued and outstanding: 2016: 6,529,719; 2015: 6,492,194	6,530	6,492
Surplus	40,629	40,327
Accumulated deficit	(2,475)	(4,368)
Accumulated other comprehensive (loss) income	(42)	236
Total Shareholders’ Equity	48,046	52,091
Total Liabilities and Shareholders’ Equity	597,795	546,540
Series A Preferred Stock [Member]
Shareholders’ Equity
Preferred stock, value		4,579
Series B Preferred Stock [Member]
Shareholders’ Equity
Preferred stock, value		229
Series C Preferred Stock [Member]
Shareholders’ Equity
Preferred stock, value	$ 3,404	$ 4,596

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015
Securities available for sale, amortized cost	$ 70,635	$ 94,389
Securities held to maturity, fair value	$ 19,584	$ 20,446
Preferred stock, par value	$ 100	$ 100
Preferred stock, authorized shares	10,000,000	10,000,000
Common stock, par value	$ 1	$ 1
Common stock, shares authorized	20,000,000	10,000,000
Common stock, shares issued	6,529,719	6,492,194
Common stock, shares outstanding	6,529,719	6,492,194
Preferred stock, dividend rate	9.00%	9.00%
Preferred stock, shares outstanding	3,404	9,404
Series A Preferred Stock [Member]
Preferred stock, dividend rate		9.00%
Preferred stock, shares issued		4,579
Preferred stock, shares outstanding		4,579
Preferred stock, total liquidation value		$ 4,579
Series B Preferred Stock [Member]
Preferred stock, dividend rate		9.00%
Preferred stock, shares issued		229
Preferred stock, shares outstanding		229
Preferred stock, total liquidation value		$ 229
Series C Preferred Stock [Member]
Preferred stock, dividend rate	9.00%	9.00%
Preferred stock, shares issued	3,404	4,596
Preferred stock, shares outstanding	3,404	4,596
Preferred stock, total liquidation value	$ 3,404	$ 4,596

Consolidated Statements of Oper

Consolidated Statements of Operations - USD ($) shares in Thousands, $ in Thousands	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015
Interest and Dividend Income
Loans receivable, including fees	$ 19,570	$ 17,506
Securities—taxable	1,150	1,401
Securities—exempt from federal taxes	408	415
Interest bearing deposits and other	118	188
Total Interest and Dividend Income	21,246	19,510
Interest Expense
Deposits	3,547	2,985
Short-term borrowings	137	120
Long-term debt	158	129
Subordinated debt	688	91
Total Interest Expense	4,530	3,325
Net Interest Income	16,716	16,185
Provision for Loan Losses	710	610
Net Interest Income after Provision for Loan Losses	16,006	15,575
Non-Interest Income
Wealth management fee income	308	441
Gains on sales of investment securities	795	259
Bank owned life insurance income	78	84
Other	364	371
Total Non-Interest Income	1,545	1,155
Non-Interest Expenses
Salaries and employee benefits	8,046	7,581
Occupancy and equipment	1,906	2,006
Data processing equipment and operations	884	880
Professional fees	709	684
Marketing, advertising, and business development	230	279
FDIC insurance assessments	398	352
Pennsylvania bank shares tax expense	315	340
Other real estate owned	423	362
Other	1,212	1,199
Total Non-Interest Expenses	14,123	13,683
Income before Income Tax Expense	3,428	3,047
Income Tax Expense	1,128	935
Net Income	2,300	2,112
Preferred dividends	407	801
Income to Common Shareholders	$ 1,893	$ 1,311
Income per common share:
Basic	$ 0.29	$ 0.20
Diluted	$ 0.29	$ 0.20
Weighted average common shares outstanding:
Basic	6,514	6,469
Diluted	6,570	6,538

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Income - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015
Statement Of Income And Comprehensive Income [Abstract]
Net income	$ 2,300	$ 2,112
Securities available for sale:
Change in unrealized gain on securities available for sale	405	660
Reclassification adjustment for realized gains included in net income	(795)	(259)
Tax effect	133	(137)
Net (losses) gains arising during the period	(257)	264
Net unrealized holding losses on securities transferred between available for sale and held to maturity:
Amortization of net unrealized holding losses to income during the period	(31)	(34)
Tax effect	10	12
Net unrealized holding losses on securities transferred during the period	(21)	(22)
Total other comprehensive (loss) income	(278)	242
Total comprehensive income	$ 2,022	$ 2,354

Consolidated Statements of Shar

Consolidated Statements of Shareholders' Equity - USD ($) $ in Thousands	Total	Preferred Stock [Member]	Common Stock [Member]	Surplus [Member]	Accumulated Deficit [Member]	Accumulated Other Comprehensive Income (Loss) [Member]
Beginning balance at Dec. 31, 2014	$ 50,211	$ 9,404	$ 6,447	$ 40,045	$ (5,679)	$ (6)
Preferred stock dividends	(801)				(801)
Issuance of 50,700 shares of restricted common stock			50	(50)
Forfeiture of 5,525 shares of restricted common stock			(5)	5
Net income	2,112				2,112
Other comprehensive income (loss)	242					242
Stock based compensation expense	327			327
Ending balance at Dec. 31, 2015	52,091	9,404	6,492	40,327	(4,368)	236
Preferred stock dividends	(407)				(407)
Redemption of preferred stock	(6,000)	(6,000)
Issuance of 36,250 shares of restricted common stock, net of 725 forfeited shares			36	(36)
Exercise of 2,000 shares of common stock options	12		2	10
Net income	2,300				2,300
Other comprehensive income (loss)	(278)					(278)
Stock based compensation expense	328			328
Ending balance at Dec. 31, 2016	$ 48,046	$ 3,404	$ 6,530	$ 40,629	$ (2,475)	$ (42)

Consolidated Statements of Sha7

Consolidated Statements of Shareholders' Equity (Parenthetical) - shares	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015
Statement Of Stockholders Equity [Abstract]
Issuance of restricted common stock, shares		50,700
Forfeiture of restricted common stock , shares	725	5,525
Issuance of restricted common stock net of forfeitures, shares	36,250
Exercise of common stock options, shares	2,000

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015
Cash Flows from Operating Activities
Net income	$ 2,300	$ 2,112
Adjustments to reconcile net income to net cash provided by operating activities:
Provision for loan losses	710	610
Net amortization	261	95
Stock based compensation expense	328	327
Net amortization of investment securities premiums and discounts	151	192
Net gains on sale of investment securities	(795)	(259)
Write down of other real estate owned	139	137
Net loss (gain) on sale of other real estate owned	18	(58)
Depreciation and amortization of premises and equipment	309	406
Net loss on disposal of premises and equipment	25	52
Bank owned life insurance policy income	(78)	(84)
Originations of loans held for sale		(1,194)
Proceeds from sale of loans held for sale		1,194
Deferred income tax expense	988	874
Increase in accrued interest receivable	(194)	(112)
Increase in other assets	(20)	(166)
Increase in accrued interest payable	60	94
Increase in other liabilities	2,813	309
Net Cash Provided by Operating Activities	7,015	4,529
Cash Flows from Investing Activities
Net originations in loans	(2,531)	(25,227)
Purchase of loans	(77,326)	(9,799)
Purchases of securities available for sale	(49,645)	(70,012)
Purchases of securities held to maturity		(5,427)
Redemption (purchase) of restricted bank stock	111	(384)
Proceeds from maturities or calls of securities available for sale	60,537	40,311
Proceeds from maturities or calls of securities held to maturity	740	890
Proceeds from the sale of securities available for sale	13,563	11,591
Proceeds from the sale of other real estate owned	332	362
Purchases of premises and equipment	(56)	(125)
Proceeds from the sale of premises and equipment		4
Net Cash Used in Investing Activities	(54,275)	(57,816)
Cash Flows from Financing Activities
Net increase in deposits	59,104	30,667
Net (decrease) increase in short-term borrowings	(3,561)	8,253
Payments on long-term borrowings	(3,000)	(1,000)
Proceeds from long-term borrowings		5,000
Proceeds from issuance of subordinated debt, net of issuance costs		9,198
Payments regarding subordinated debt issuance costs	(16)
Redemption of preferred stock	(6,000)
Proceeds from the exercise of common stock options	12
Cash dividends paid on preferred stock	(427)	(788)
Net Cash Provided by Financing Activities	46,112	51,330
Net Decrease in Cash and Cash Equivalents	(1,148)	(1,957)
Cash and Cash Equivalents—Beginning	5,909	7,866
Cash and Cash Equivalents—Ending	4,761	5,909
Supplementary Disclosures of Cash Flows Information
Trade date accounting for investment securities purchases	2,698
Transfer of loans receivable to other real estate owned	342	776
Cash paid for interest on deposits and borrowings	4,573	3,419
Cash paid for income taxes	$ 139	$ 62

Summary of Significant Accounti

Summary of Significant Accounting Policies	12 Months Ended
	Dec. 31, 2016
Accounting Policies [Abstract]
Summary of Significant Accounting Policies	Note 1—Summary of Significant Accounting Policies Organization and Nature of Operations First Priority Financial Corp. First Priority Financial Corp. (“First Priority”, the “Company”) is a bank holding company incorporated under the laws of the Commonwealth of Pennsylvania on February 13, 2007. On May 11, 2007, as a result of a reorganization and merger, First Priority Bank (the “Bank”) became a wholly-owned subsidiary of First Priority. First Priority, primarily through the Bank, serves residents and businesses in the Delaware Valley with branches in Berks, Bucks, Chester and Montgomery counties in Pennsylvania. The Bank, is headquartered in Malvern, PA, has seven retail branch office locations and one loan production office and is a locally managed community bank providing commercial banking products, primarily loans and deposits. First Priority provides banking services through the Bank and does not engage in any activities other than banking and related activities. As of December 31, 2016, First Priority had total assets of $597.8 million and total shareholders’ equity of $48.0 million. The Bank The Bank is a state-chartered commercial banking institution which was incorporated under the laws of the Commonwealth of Pennsylvania on May 25, 2005. The Bank’s deposits are insured by the FDIC up to the maximum amount permitted for all banks. The Bank engages in a full service commercial and consumer banking business with strong private banking and individual wealth management services. The Bank offers a variety of consumer, private banking and commercial loans, mortgage products and commercial real estate financing. The Company’s operations are significantly affected by prevailing economic conditions, competition, and the monetary, fiscal, and regulatory policies of governmental agencies. Lending activities are influenced by a number of factors, including the general credit needs of individuals and small and medium-sized businesses in the Company’s market area, competition, the current regulatory environment, the level of interest rates, and the availability of funds. Deposit flows and costs of funds are influenced by prevailing market rates of interest, competition, account maturities, and the level of personal income and savings in the market area. The Bank also offers certain financial planning and investment management services. These investment services are provided by First Priority Financial Services, a Division of First Priority Bank, through third party providers. In addition, the Bank has entered into solicitation agreements with several investment advisors to provide portfolio management services to customers of the Bank. The Bank currently seeks deposits and commercial and private banking relationships through its banking offices. The Bank provides deposit products that include checking, money market and savings accounts, and certificates of deposit as well as other deposit services, including cash management electronic banking and mobile products as well as online account opening capabilities. The Bank obtains funding in the local community by providing excellent service and competitive rates to its customers and utilizes various advertising to attract current and potential deposit customers. The Bank also uses brokered certificates of deposit as a cost effective funding alternative. Basis of Presentation The accompanying consolidated financial statements consist of the Company and the Company’s wholly owned consolidated subsidiary, the Bank. All significant intercompany accounts and transactions have been eliminated in consolidation. These statements are prepared in accordance with accounting principles generally accepted in the United States (“GAAP”). Subsequent Events Management has evaluated events and transactions occurring subsequent to December 31, 2016 for items that should potentially be recognized or disclosed in these Consolidated Financial Statements. The evaluation was conducted through the date these financial statements were issued. Estimates The preparation of 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 at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. Material estimates that are particularly susceptible to significant change in the near term relate to the determination of the allowance for loan losses, stock-based compensation, impairment of goodwill, impairment of investments, the valuation of deferred tax assets and the valuation of other real estate owned. Significant Group Concentrations of Credit Risk Most of the Company’s activities are with customers located within the western and northwestern suburbs surrounding Philadelphia. Note 4 of the Notes to Consolidated Financial Statements discusses the types of securities in which the Company currently invests. Note 5 discusses the types of lending in which the Company engages. Although the Company intends to have a diversified loan portfolio, its debtors’ ability to honor their contracts will be influenced by the region’s economy. The Company’s investment portfolio consists principally of obligations of the United States and its agencies and obligations of states and political subdivisions. In the opinion of management, there is no concentration of credit risk in its investment portfolio. The Company places deposits in correspondent accounts and, on occasion, sells Federal funds to qualified financial institutions. Management believes credit risk associated with correspondent accounts and with Federal funds sold is not significant. Therefore, management believes that these particular practices do not subject the Company to unusual credit risk. Cash and Cash Equivalents For purposes of reporting cash flows, cash and cash equivalents include cash on hand, amounts due from banks, Federal funds sold and short-term money market securities. Generally, Federal funds are purchased or sold for one day periods. Short-term investments are generally purchased with a maturity date of less than three months. The Company is required to maintain cash reserves that are considered restrictions on cash and cash equivalents which consist of required reserves with the Federal Reserve Bank, related to our deposit liabilities. At December 31, 2016 and 2015, these reserve balances were $1.9 million and $1.1 million, respectively. Securities Management determines the appropriate classification of debt securities at the time of purchase and re-evaluates such designation as of each balance sheet date. Securities classified as available for sale are those securities that the Company intends to hold for an indefinite period of time, but not necessarily to maturity. Available for sale securities are carried at fair value. Unrealized gains and losses on available for sale investment securities are reported as increases or decreases in other comprehensive income as a component of shareholders’ equity. Realized gains or losses, determined on the basis of the cost of the specific securities sold, are included in earnings. Premiums and discounts are recognized in interest income using the interest method over the term of each security. Any decision to sell a security classified as available for sale would be based on various factors, including significant movements, or anticipated movements in interest rates, changes in the maturity mix of the Company’s assets and liabilities, liquidity needs, regulatory capital considerations and other similar factors. Securities classified as held to maturity are those debt securities the Company has both the intent and ability to hold to maturity regardless of changes in market conditions, liquidity needs or changes in general economic conditions. These securities are carried at cost adjusted for the amortization of premium and accretion of discount, computed by a method which approximates the interest method over the terms of the securities. Transfer of securities into held to maturity from available for sale are made at fair value at the date of transfer. The unrealized gain/loss at date of transfer is retained in other comprehensive income, and in the current value of the held to maturity securities. Such amounts are amortized over the remaining life of the security. In estimating other-than-temporary impairment losses, management considers (1) the length of time and the extent to which the fair value has been less than cost; (2) the financial condition and near-term prospects of the issuer; and (3) the intent and ability of the Company to retain its investment in the issuer for a period of time sufficient to allow for any anticipated recovery in fair value. When a determination is made that an other-than-temporary impairment exists but the Company does not intend to sell the debt security and it is more likely than not that it will not be required to sell the debt security prior to its anticipated recovery, the other-than-temporary impairment is separated into (a) the amount of the total other-than-temporary impairment related to a decrease in cash flows expected to be collected from the debt security (the credit loss) and (b) the amount of the total other-than-temporary impairment related to all other factors. The amount of the total other-than-temporary impairment related to the credit loss is recognized in earnings. The amount of the total other-than-temporary impairment related to all other factors is recognized in other comprehensive income (loss). Restricted Investments in Bank Stocks Restricted investments in bank stocks, which represents the required investment in the common stock of correspondent banks, are carried at cost and consist of stock of the Federal Home Loan Bank of Pittsburgh (“FHLB”) and Atlantic Community Bancshares, Inc. Federal law requires a member institution of the FHLB to hold FHLB stock according to a predetermined formula. Management’s determination of whether these investments are impaired is based on their assessment of the ultimate recoverability of their cost rather than by recognizing temporary declines in value. Loans Receivable Loans receivable that management has the intent and ability to hold for the foreseeable future or until maturity or payoff are stated at their outstanding unpaid principal balances, net of an allowance for loan losses and any deferred fees or costs. Interest income is accrued on the unpaid principal balance. Loan origination fees, net of certain direct origination costs, are deferred and recognized as an adjustment of the yield (interest income) by the interest method based on the contractual terms of the related loans, or if the commitment expires unexercised, recognized in income upon expiration. The loans receivable portfolio is segmented into commercial, residential mortgage loans and consumer loans. Commercial loans consist of the following classes: commercial and industrial, commercial construction and commercial mortgage loans. Consumer loans consist of home equity lines of credit and all other consumer loans. The accrual of interest is discontinued when the contractual payment of principal or interest has become 90 days past due or management has serious doubts about further collectability of principal or interest, even though the loan is currently performing. A loan may remain on accrual status if it is in the process of collection and is either guaranteed or well secured. When a loan is placed on nonaccrual status, unpaid interest credited to income in the current year is reversed and unpaid interest accrued in prior years is charged against the allowance for loan losses. Interest received on nonaccrual loans is generally either applied against principal or reported as interest income, according to management’s judgment as to the collectability of principal. Generally, loans are restored to accrual status when the obligation is brought current, has performed in accordance with the contractual terms for a reasonable period of time, and the ultimate collectability of the total contractual principal and interest is no longer in doubt. The past due status of all classes of loans receivable is determined based on contractual due dates for loan payments. Acquired Loans Loans acquired as part of a full bank acquisition are initially recorded at their acquisition date fair values. The carryover of allowance for loan losses is prohibited as any credit losses in the loans are included in the determination of the fair value of the loans at the acquisition date. Fair values for acquired loans are based on a discounted cash flow methodology that involves assumptions and judgments as to credit risk, prepayment risk, liquidity risk, default rates, loss severity, payment speeds, collateral values and discount rate. Acquired loans that have evidence of deterioration in credit quality since origination and for which it is probable, at acquisition, that the Company will be unable to collect all contractually required payments are accounted for as impaired loans under ASC 310-30. The excess of cash flows expected at acquisition over the estimated fair value is referred to as the accretable discount and is recognized into interest income over the remaining life of the loans. The difference between contractually required payments at acquisition and the cash flows expected to be collected at acquisition is referred to as the non-accretable discount. The non-accretable discount represents estimated future credit losses expected to be incurred over the life of the loan. Subsequent decreases to the expected cash flows require the Company to evaluate the need for an allowance for loan losses on these loans. Subsequent improvements in expected cash flows result in the reversal of a corresponding amount of the non-accretable discount which the Company then reclassifies as an accretable discount that is recognized into interest income over the remaining life of the loans using the interest method. As of December 31, 2016, there were three remaining acquired purchased credit impaired loans with a net recorded balance of $215 thousand, after a non-accretable credit discount of $362 thousand. Acquired loans that met the criteria for non-accrual of interest prior to acquisition may be considered performing upon acquisition, or in the future, regardless of whether the customer is contractually delinquent, if the Company can reasonably estimate the timing and amount of the expected cash flows on such loans and if the Company expects to fully collect the new carrying value of the loans. As such, the Company may no longer consider the loan to be non-accrual or non-performing and may accrue interest on these loans, including the impact of any accretable discount. For acquired loans that are not deemed impaired at acquisition, credit discounts representing the principal losses expected over the life of the loan are a component of the initial fair value and amortized over the life of the asset. Subsequent to the acquisition date, the methods utilized to estimate the required allowance for loan losses for these loans is similar to originated loans, however, the Company records a provision for loan losses only when the required allowance exceeds any remaining pooled discounts for loans evaluated collectively for impairment. As of December 31, 2016, the net recorded balance of acquired loans resulting from the Affinity merger totaled $15.0 million. As of this same date, both the interest rate fair value adjustment and the accretable credit discount related to the loans acquired through the Affinity merger, were fully amortized. The Company also purchased portfolios of performing residential mortgage loans in 2014 through 2016, all of which were underwritten using similar underwriting standards as it uses for its organic portfolio. In August 2016, the Company purchased performing commercial loans from within the Bank’s market area. All acquisition premiums from the purchased loans will be recognized into interest income over the remaining life of the loans. Allowance for Loan Losses The allowance for credit losses consists of the allowance for loan losses and the reserve for unfunded lending commitments. The allowance for loan losses represents management’s estimate of losses inherent in the loan portfolio as of the balance sheet date and is recorded as a reduction to loans. The reserve for unfunded lending commitments, totaling $35 thousand as of both December 31, 2016 and 2015, represents management’s estimate of losses inherent in its unfunded loan commitments and is recorded in other liabilities on the consolidated balance sheets. The allowance for loan losses is increased by the provision for loan losses, and decreased by charge-offs, net of recoveries. Loans deemed to be uncollectible are charged against the allowance for loan losses, and subsequent recoveries, if any, are credited to the allowance. All, or part, of the principal balance of loans receivable are charged off to the allowance as soon as it is determined that the repayment of all, or part, of the principal balance is highly unlikely. Because all identified losses are immediately charged off, no portion of the allowance for loan losses is restricted to any individual loan or groups of loans, and the entire allowance is available to absorb any and all loan losses. The allowance for loan losses is maintained at a level considered adequate to provide for losses that can be reasonably anticipated. Management performs a quarterly evaluation of the adequacy of the allowance. The allowance is based on the Company’s past loan loss experience, known and inherent risks in the portfolio, adverse situations that may affect the borrower’s ability to repay, the estimated value of any underlying collateral, composition of the loan portfolio, current economic conditions and other relevant factors. This evaluation is inherently subjective as it requires material estimates that may be susceptible to significant revision as more information becomes available. The allowance consists of specific, general and unallocated components. The specific component relates to loans that are classified as impaired. For loans that are 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. The general component covers pools of loans by loan class including commercial loans not considered impaired, as well as smaller balance homogeneous loans, such as residential real estate, home equity and other consumer loans. These pools of loans are evaluated for loss exposure based upon historical loss rates for each of these categories of loans, adjusted for qualitative factors. These qualitative risk factors include: 1. Lending policies and procedures, including underwriting standards and collection, charge-off, and recovery practices. 2. National, regional, and local economic and business conditions as well as the condition of various market segments, including the value of underlying collateral for collateral dependent loans. 3. Nature and volume of the portfolio and terms of loans. 4. Management team with experience, depth, and knowledge in banking and in many areas of lending. Each contributes to the sound credit culture and control within the Company. 5. Volume and severity of past due, classified and nonaccrual loans as well as other loan modifications. 6. The Company engages a third party to perform an independent review of the loan portfolio as a measure for quality and consistency in credit evaluation and credit decisions. 7. Existence and effect of any concentrations of credit and changes in the level of such concentrations. 8. Effect of external factors, such as competition and legal and regulatory requirements. Each factor is assigned a value to reflect improving, stable or declining conditions based on management’s best judgment using relevant information available at the time of the evaluation. Adjustments to the factors are supported through documentation of changes in conditions in a narrative accompanying the allowance for loan loss calculation. A majority of the Company’s loans are to business owners of many types. The Company makes commercial loans for real estate development and other business purposes required by our customers. The Company’s credit policies determine advance rates against the different forms of collateral that can be pledged against commercial loans. Typically, the majority of loans will be limited to a percentage of their underlying collateral values such as real estate values, equipment, eligible accounts receivable and inventory. Individual loan advance rates may be higher or lower depending upon the financial strength of the borrower and/or term of the loan. The assets financed through commercial loans are used within the business for its ongoing operation. Repayment of these kinds of loans generally comes from the cash flow of the business or the ongoing conversions of assets. Commercial real estate loans include long-term loans financing commercial properties. Repayment of this kind of loan is dependent upon either the ongoing cash flow of the borrowing entity or the resale of or lease of the subject property. Commercial real estate loans typically require a loan to value ratio of not greater than 80% and vary in terms. Residential mortgages and home equity loans are secured by the borrower’s residential real estate in either a first or second lien position. Residential mortgages and home equity loans have varying loan rates depending on the financial condition of the borrower and the loan to value ratio. Residential mortgages have amortizations up to 30 years and home equity loans have maturities of no more than 15 years. Residential mortgages and home equity loans typically require a loan to value ratio of not greater than 80%. Other consumer loans include installment loans, car loans, and overdraft lines of credit. The majority of these loans are secured. 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 by either the present value of expected future cash flows discounted at the loan’s effective interest rate or the fair value of the collateral if the loan is collateral dependent. An allowance for loan losses is established for an impaired loan if its carrying value exceeds its estimated fair value. The estimated fair values of substantially all of the Company’s impaired loans are measured based on the estimated fair value of the loan’s collateral. For commercial loans secured by real estate, estimated fair values are determined primarily through third-party appraisals. When a real estate secured loan becomes impaired, a decision is made regarding whether an updated certified appraisal of the real estate is necessary. This decision is based on various considerations, including the age of the most recent appraisal, the loan-to-value ratio based on the original appraisal and the condition of the property. Appraised values may be discounted to arrive at the estimated selling price of the collateral, which is considered to be the estimated fair value. The discounts also include estimated costs to sell the property. For commercial and industrial loans secured by non-real estate collateral, such as accounts receivable, inventory and equipment, estimated fair values are determined based on the borrower’s financial statements, inventory reports, accounts receivable aging or equipment appraisals or invoices. Indications of value from these sources are generally discounted based on the age of the financial information or the quality of the assets. The allowance calculation methodology includes further segregation of loan classes into risk rating categories. The borrower’s overall financial condition, repayment sources, guarantors and value of collateral, if appropriate, are evaluated annually for commercial loans or when credit deficiencies arise, such as delinquent loan payments, for commercial and consumer loans. Credit quality risk ratings include regulatory classifications of special mention, substandard, doubtful and loss. Loans criticized special mention have potential weaknesses that deserve management’s close attention. If uncorrected, the potential weaknesses may result in deterioration of the repayment prospects. Loans classified substandard have a well-defined weakness or weaknesses that jeopardize the liquidation of the debt. They include loans that are inadequately protected by the current sound net worth and paying capacity of the obligor or of the collateral pledged, if any. Loans classified doubtful have all the weaknesses inherent in loans classified substandard with the added characteristic that collection or liquidation in full, on the basis of current conditions and facts, is highly improbable. Loans classified as a loss are considered uncollectible and are charged to the allowance for loan losses. Loans not classified are rated pass. In addition, Federal regulatory agencies, as an integral part of their examination process, periodically review the Company’s allowance for loan losses and may require the Company to recognize additions to the allowance based on their judgments about information available to them at the time of their examination, which may not be currently available to management. Based on management’s comprehensive analysis of the loan portfolio, management believes the current level of the allowance for loan losses is adequate. Troubled Debt Restructurings Loans whose terms are modified are classified as troubled debt restructurings (“TDR”) if the Company grants such borrowers concessions and it is deemed that those borrowers are experiencing financial difficulty. Concessions granted under a TDR may be modified by means of extending the maturity date of the loan, reducing the interest rate on the loan to a rate which is below market, a combination of rate adjustments and maturity extensions, or by other means including covenant modifications, forbearances or other concessions. Generally, interest is not accrued on loans that were non-accrual prior to the TDR until they have performed in accordance with the modified terms for a period of at least six months; however, non-accrual TDR’s may be restored to accrual status if principal and interest payments, under the modified terms, are current for six consecutive months after modification. Loans classified as TDR’s are designated as impaired. TDR’s which are performing based on modified terms and conditions, which reflect the current market, may be reclassified from TDR status. Management evaluates the allowance for loan losses with respect to TDR’s under the same policy and guidelines as all other performing loans are evaluated with respect to the allowance for loan losses. Transfers of Financial Assets Transfers of financial assets, including loan and loan participation sales, 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 Company; (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 Company does not maintain effective control over the transferred assets through an agreement to repurchase them before their maturity. Other Real Estate Owned Assets acquired through, or in lieu of, loan foreclosure are held for sale and generally are initially recorded at fair value less cost to sell at the date of foreclosure, establishing a new cost basis. Any write-down, at or prior to the dates the real estate is considered foreclosed, is charged to the allowance for loan losses. Subsequent to foreclosure, valuations are periodically performed by management and the assets are generally carried at the lower of carrying amount or fair value less cost to sell. Revenue and expenses from operations and changes in the valuation allowance (write-downs) are included in other non-interest expenses. Any gain or loss upon the sale of real estate owned is reflected in operations as incurred. Premises and Equipment Premises and equipment are stated at cost less accumulated depreciation. Premises and equipment in an acquisition or merger are recorded on acquisition date at fair value. Depreciation is computed on the straight-line method over the estimated useful lives of the related assets, ranging from 1 to 20 years beginning when the assets are placed in service. Buildings are depreciated from 14 to 20 years. Leasehold improvements are amortized over the term of the lease or estimated useful lives, whichever is shorter, ranging from 1 to 20 years. Furniture, fixtures and equipment are depreciated from 2 to 10 years, automobiles are depreciated from 3 to 5 years and computer equipment and data processing software are depreciated from 1 to 10 years. When assets are retired or otherwise disposed of, the cost and related accumulated depreciation are removed from the accounts and any gain or loss is reflected in income for the period. The cost of maintenance and repairs is charged to expense as incurred. Bank Owned Life Insurance The Bank invests in bank owned life insurance (“BOLI”) policies that provide earnings to help cover the cost of employee benefit plans. The Bank is the owner of the life insurance policies it purchased directly on the lives of certain officers of the Bank. These policies were issued as split dollar life insurance policies which provide for a portion of the death benefit to be paid to the beneficiaries of the officer while employed by the Bank or through change in control provisions. The policies are carried on the Company’s consolidated balance sheet at their cash surrender value and are subject to regulatory capital requirements. The determination of the cash surrender value includes a full evaluation of the contractual terms of each policy. Additionally, the Company periodically reviews the creditworthiness of the insurance company that has underwritten the policies. Earnings accruing to the Company are derived from the general account investments of the insurance companies. Increases in the net cash surrender value of BOLI policies and insurance proceeds received are not taxable and are recorded in non-interest income in the consolidated statement of income. Employee Benefit Plans The Company’s 401(k) plan allows eligible participants to set aside a certain percentage of their salaries before taxes. The Company may elect to match employee contributions up to a specified percentage of their respective salaries in an amount determined by the Board of Directors. The Company’s total matching contributions related to these plans resulted in expenses of $149 thousand and $138 thousand for the years ended December 31, 2016 and 2015, respectively. Goodwill and Other Intangible Assets Goodwill represents the excess of the cost of an acquired entity over the fair value of the identifiable net assets acquired in accordance with the acquisition method of accounting. Goodwill is not amortized but is reviewed for potential impairment at the reporting unit level on an annual basis, or more often

Recently Issued Accounting Stan

Recently Issued Accounting Standards	12 Months Ended
	Dec. 31, 2016
Accounting Changes And Error Corrections [Abstract]
Recently Issued Accounting Standards	Note 2—Recently Issued Accounting Standards In May 2014, the FASB issued ASU 2014-09, deferred by ASU 2015-14, Revenue from Contracts with Customers (Topic 606). The amendments in this Update establish a comprehensive revenue recognition standard for virtually all industries under U.S. GAAP, including those that previously followed industry specific guidance such as the real estate, construction and software industries. The revenue standard’s core principle is built on the contract between a vendor and a customer for the provision of goods and services. It attempts to depict the exchange of rights and obligations between the parties in the pattern of revenue recognition based on the consideration to which the vendor is entitled. To accomplish this objective, the standard requires five basic steps: i) identify the contract with the customer, (ii) identify the performance obligations in the contract, (iii) determine the transaction price, (iv) allocate the transaction price to the performance obligations in the contract, and (v) recognize revenue when (or as) the entity satisfies a performance obligation. The amendments are effective for annual periods, and interim reporting periods within those annual periods, beginning after December 15, 2017. Early adoption is permitted. Management does not believe the adoption of ASU 2014-09 will have a significant impact on the Company’s Consolidated Financial Statements but will continue to evaluate. In January 2016, the FASB issued Accounting Standards Update 2016-01, “Financial Instruments - Overall (Subtopic 825-10): Recognition and Measurement of Financial Assets and Financial Liabilities” (“ASU 2016-01”). ASU 2016-01 changes current U.S. GAAP for public entities by requiring the following, among others: (1) equity securities, except those accounted for under the equity method of accounting, to be measured at fair value with changes in fair value recognized in net income; (2) the use of the exit price when measuring fair value of financial instruments for disclosure purposes; (3) an entity to present separately in other comprehensive income the portion of the total change in the fair value of a liability resulting from a change in the instrument-specific credit risk when the entity has elected to measure the liability at fair value; and (4) separate presentation of financial assets and financial liabilities by measurement category and form of financial asset on the balance sheet or notes to the financial statements. ASU 2016-01 is effective for annual periods beginning after December 15, 2017, including interim periods. Early application is permitted. The Company is currently assessing the impact the adoption of ASU 2016-01 will have on future financial statements and disclosures. In February 2016, the FASB issued Accounting Standards Update ("ASU") No. 2016-02, Leases. In March 2016, the FASB issued ASU 2016-09, “Improvements to Employee Share-Based Payment Accounting.” This ASU simplifies several aspects of the accounting for employee share-based payment transactions, including the income tax consequences, classification of awards as either equity or liabilities, and classification on the statement of cash flows. For public business entities, this ASU is effective for financial statements issued for fiscal years beginning after December 15, 2016, and interim periods therein. With the early adoption, the Company, did not have a material impact on the consolidated financial statements and disclosures. In June 2016, the FASB issued ASU 2016-13, “Financial Instruments – Credit Losses (Topic 326).” The main objective of this Update is to provide financial statement users with more decision-useful information about the expected credit losses on financial instruments and other commitments to extend credit held by a reporting entity at each reporting date. The amendments in this Update replace the incurred loss impairment methodology in current GAAP with a methodology that reflects expected credit losses and requires consideration of a broader range of reasonable and supportable information to inform credit loss estimates. For public business entities, this ASU is effective for financial statements issued for fiscal years beginning after December 15, 2019, and interim periods therein. Early adoption is permitted. The Company is evaluating the impact of this ASU on its consolidated financial statements and disclosures. In August 2016, the FASB issued ASU 2016-15, “Classification of Certain Cash Receipts and Cash Payments.” This ASU clarifies how certain cash receipts and cash payments are presented in the statement of cash flows. This update addresses eight specific cash flow issues with the objective of reducing the existing diversity in practice. For public business entities this ASU is effective for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2017. Early adoption is permitted. The Company is evaluating the impact of this ASU on its consolidated financial statements and disclosures.

Earnings Per Common Share

Earnings Per Common Share	12 Months Ended
	Dec. 31, 2016
Earnings Per Share [Abstract]
Earnings Per Common Share	Note 3—Earnings Per Common Share Diluted earnings per common share take into account the potential dilution that could occur if securities or other contracts to issue common stock are exercised and converted into common stock. Proceeds assumed to have been received on such exercise or conversion, are assumed to be used to purchase shares of the Company’s common stock at the average market price during the period, as required by the “treasury stock method” of accounting for common stock equivalents. For purposes of calculating the basic and diluted earnings per share, the Company’s reported net income is adjusted for dividends on preferred stock to determine the net income to common shareholders. Securities that could potentially dilute basic earnings per common share in future periods that were not included in the computation of diluted earnings per common share because to do so would have been anti-dilutive amounted to 148,174 shares as of December 31, 2016, and 195,193 shares as of December 31, 2015. The calculations of basic and diluted earnings per common share are presented below for the years ended December 31, 2016 and 2015: For the year ended December 31, 2016 2015 (In thousands, except per share information) Net income....................................................................................... $ 2,300 $ 2,112 Less: preferred stock dividends.................................................... (407 ) (801 ) Income to common shareholders.................................................. $ 1,893 $ 1,311 Average basic common shares outstanding.............................. 6,514 6,469 Effect of dilutive stock options..................................................... 56 69 Average number of common shares used to calculate diluted earnings per common share…………..…... 6,570 6,538 Basic earnings per common share................................................ $ 0.29 $ 0.20 Diluted earnings per common share............................................. $ 0.29 $ 0.20 The amount of preferred stock dividends related to each series of preferred stock are presented below for the years ended December 31, 2016 and 2015: For the year ended December 31, 2016 2015 (Dollars in thousands) Preferred dividends: Preferred Series A............................................................... $ 77 $ 412 Preferred Series B................................................................ 4 21 Preferred Series C................................................................ 326 368 Total preferred dividends ................................................. $ 407 $ 801

Securities

Securities	12 Months Ended
	Dec. 31, 2016
Investments Debt And Equity Securities [Abstract]
Securities	Note 4—Securities Management determines the appropriate classification of debt securities at the time of purchase and re-evaluates such designation as of each balance sheet date. Securities classified as available for sale are those securities that the Company intends to hold for an indefinite period of time, but not necessarily to maturity. Available for sale securities are carried at fair value. Securities classified as held to maturity are those debt securities the Company has both the intent and ability to hold to maturity regardless of changes in market conditions, liquidity needs or changes in general economic conditions. These securities are carried at cost adjusted for the amortization of premium and accretion of discount, computed by a method which approximates the interest method over the terms of the securities. The Company previously transferred investment securities from available for sale to held to maturity securities. Due to these transfers, securities classified as held to maturity have net unrealized holding gains, before taxes, totaling $12 thousand and $43 thousand as of December 31, 2016 and 2015, which are being amortized over the remaining life of the related securities as an adjustment of yield in a manner consistent with the accretion of discount on the same transferred debt securities. This will have no impact on the Company’s net income because the amortization of the unrealized holding loss reported in equity will offset the effect on the interest income of the accretion of the discount on these securities. The amortized cost, unrealized gains and losses, and the fair value of the Company’s investment securities available for sale and held to maturity are as follows for the periods presented: December 31, 2016 Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Estimated Fair Value (Dollars in thousands) Available For Sale: Obligations of U.S. government agencies and corporations.................. $ 45,984 $ 8 $ (5) $ 45,987 Obligations of states and political subdivisions.................................... 6,103 46 (10) 6,139 Federal agency mortgage-backed securities........................................... 13,863 33 (176) 13,720 Federal agency collateralized mortgage obligations............................... 190 - (1) 189 Other debt securities............................................................................. 1,500 30 - 1,530 Money market mutual fund.................................................................. 2,995 - - 2,995 Total investment securities available for sale.................................. $ 70,635 $ 117 $ (192) $ 70,560 Held To Maturity: Obligations of states and political subdivisions.................................... $ 18,561 $ 561 $ (33) $ 19,089 Other debt securities............................................................................. 482 13 - 495 Total held to maturity..................................................................... $ 19,043 $ 574 $ (33) $ 19,584 December 31, 2015 Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Estimated Fair Value (Dollars in thousands) Available For Sale: Obligations of U.S. government agencies and corporations.................. $ 62,967 $ - $ (63) $ 62,904 Obligations of states and political subdivisions.................................... 13,964 398 (15) 14,347 Federal agency mortgage-backed securities........................................... 17,042 87 (91) 17,038 Federal agency collateralized mortgage obligations............................... 347 - (1) 346 Money market mutual fund.................................................................. 69 - - 69 Total investment securities available for sale.................................. $ 94,389 $ 485 $ (170) $ 94,704 Held To Maturity: Obligations of states and political subdivisions.................................... $ 19,405 $ 597 $ (47) $ 19,955 Other debt securities............................................................................. 481 10 - 491 Total held to maturity..................................................................... $ 19,886 $ 607 $ (47) $ 20,446 Included in unrealized losses are market losses on securities that have been in a continuous unrealized loss position for twelve months or more and those securities that have been in a continuous unrealized loss position for less than twelve months. The table below details the aggregate unrealized losses and aggregate fair value of the underlying securities whose fair values are below their amortized cost at December 31, 2016 and 2015. As of December 31, 2016 Less than 12 Months 12 Months or longer Total Fair Value Unrealized Losses Count Fair Value Unrealized Losses Count Fair Value Unrealized Losses Count (Dollars in thousands) Available for Sale: Obligations of U.S. government agencies and corporations $ 3,984 $ (5) 4 $ - $ - - $ 3,984 $ (5) 4 Obligations of states and political subdivisions - - - 872 (10) 1 872 (10) 1 Federal agency mortgage-backed securities 10,667 (175) 11 39 (1) 1 10,706 (176) 12 Federal agency collateralized mortgage obligations 159 (1) 1 - - - 159 (1) 1 Total Available for Sale............... $ 14,810 $ (181) 16 $ 911 $ (11) 2 $ 15,721 $ (192) 18 Held to Maturity: Obligations of states and political subdivisions $ 2,289 $ (33) 7 $ - $ - - $ 2,289 $ (33) 7 Total Held to Maturity.......... $ 2,289 $ (33) 7 $ - $ - - $ 2,289 $ (33) 7 As of December 31, 2015 Less than 12 Months 12 Months or longer Total Fair Value Unrealized Losses Count Fair Value Unrealized Losses Count Fair Value Unrealized Losses Count (Dollars in thousands) Available for Sale: Obligations of U.S. government agencies and corporations $ 12,905 $ (63) 11 $ - $ - - $ 12,905 $ (63) 11 Obligations of states and political subdivisions 2,780 (15) 7 - - - 2,780 (15) 7 Federal agency mortgage-backed securities 4,276 (46) 3 2,304 (45) 2 6,580 (91) 5 Federal agency collateralized mortgage obligations 220 (1) 1 - - - 220 (1) 1 Total Available for Sale............... $ 20,181 $ (125) 22 $ 2,304 $ (45) 2 $ 22,485 $ (170) 24 Held to Maturity: Obligations of states and political subdivisions $ 2,373 $ (47) 5 $ - $ - - $ 2,373 $ (47) 5 Total Held to Maturity.......... $ 2,373 $ (47) 5 $ - $ - - $ 2,373 $ (47) 5 As of December 31, 2016, management believes that the estimated fair value of the securities disclosed above is primarily dependent upon the movement in market interest rates, particularly given the minimal inherent credit risk associated with the issuers of these securities and that the unrealized losses in these portfolios are not the result of deteriorating credit within any investment category. Securities issued by states and political subdivisions are all rated investment grade. Each holding is reviewed quarterly for impairment by management and our third party investment advisor. All mortgage backed securities and collateralized mortgage obligations are issued by U.S. government sponsored agencies; there are no holdings of private label mortgage backed securities or securities backed by loans classified as “Alt-A” or “Subprime”. Although the fair value will fluctuate as market interest rates move, management believes that these fair values will recover as the underlying portfolios mature. The Company evaluates a variety of factors in concluding whether securities are other-than-temporarily impaired. These factors include, but are not limited to, the type and purpose of the bond, the underlying rating of the bond issuer, and the presence of credit enhancements (i.e. state guarantees, municipal bond insurance, collateral requirements, etc.). The Company does not intend to sell any of these securities and it is unlikely that it will be required to sell any of these securities before recovery. Management does not believe any individual unrealized loss on individual securities, as of December 31, 2016 represents other than temporary impairment. For the years ended December 31, 2016 and 2015 gross gains of $795 thousand and $259 thousand, respectively, were realized from the sale of available for sale securities. Securities totaling $42.0 million and $55.2 million were pledged at December 31, 2016 and 2015, respectively, to secure public fund deposits. In addition, securities pledged to secure borrowings by the Bank totaled $40 thousand and $60 thousand as of December 31, 2016 and December 31, 2015, respectively. The amortized cost and fair value of securities as of December 31, 2016 by contractual maturity are shown below. Certain of these investment securities have call features which allow the issuer to call the security prior to its maturity date at the issuer’s discretion. December 31, 2016 Available for Sale Securities Held to Maturity Amortized Cost Fair Value Amortized Cost Fair Value (Dollars in thousands) Due within one year................................................ $ 39,999 $ 40,000 $ - $ - Due after one year through five years..................... 6,867 6,859 797 786 Due after five years through ten years.................... 1,500 1,530 1,077 1,099 Due after ten years.................................................. 5,221 5,267 17,169 17,699 53,587 53,656 19,043 19,584 Federal agency collateralized mortgage obligations.. 190 189 - - Federal agency mortgage-backed securities……….. 13,863 13,720 - - Money market mutual fund..................................... 2,995 2,995 - - Total............................................................ $ 70,635 $ 70,560 $ 19,043 $ 19,584

Loans Receivable and Related Al

Loans Receivable and Related Allowance for Loan Losses	12 Months Ended
	Dec. 31, 2016
Receivables [Abstract]
Loans Receivable and Related Allowance for Loan Losses	Note 5—Loans Receivable and Related Allowance for Loan Losses Loans receivable consist of the following at December 31, 2016 and 2015. December 31, 2016 2015 (Dollars in thousands) Commercial: Commercial and industrial................................ $ 89,625 $ 74,470 Commercial mortgage....................................... 223,315 179,365 Commercial construction................................. 22,408 13,466 Total commercial.......................................... 335,348 267,301 Residential mortgage loans............................ 110,538 101,185 Consumer: Home equity lines of credit.............................. 24,669 24,762 Other consumer loans...................................... 17,514 15,915 Total consumer............................................. 42,183 40,677 Total........................................................... 488,069 409,163 Allowance for loan losses............................... (3,330) (2,795) Net deferred loan cost (fees)........................... 174 (10) Total loans receivable, net $ 484,913 $ 406,358 In August, 2016, the Company increased its loans outstanding through the acquisition of $64.6 million, including acquisition premiums of $197 thousand, of various types of performing commercial loans within the Bank’s market area. Additionally, in June, 2016 and in the third quarter of 2015, the Company purchased $12.7 million and $9.8 million, including acquisition premiums of $280 thousand and $206 thousand, respectively, of performing residential real estate loans; all of which were underwritten using similar standards as the Bank uses for its organic portfolio. The following tables summarize the activity in the allowance for loan losses by loan class for the years ended December 31, 2016 and 2015: For the year ended December 31, 2016 Allowance for Loan Losses (Dollars in thousands) Beginning Balance Charge-offs Recoveries Provision for loan losses Ending Balance Commercial and industrial $ 631 $ (75) $ 21 $ 70 $ 647 Commercial mortgage 831 (72) 2 290 1,051 Commercial construction 56 - - 57 113 Residential mortgage loans 259 - - 193 452 Home equity lines of credit 167 - 9 12 188 Other consumer loans 84 (75) 15 73 97 Unallocated 767 - - 15 782 Total $ 2,795 $ (222) $ 47 $ 710 $ 3,330 For the year ended December 31, 2015 Allowance for Loan Losses (Dollars in thousands) Beginning Balance Charge-offs Recoveries Provision for loan losses Ending Balance Commercial and industrial $ 788 $ (46) $ 13 $ (124) $ 631 Commercial mortgage 468 (149) - 512 831 Commercial construction 26 - - 30 56 Residential mortgage loans 159 (15) - 115 259 Home equity lines of credit 270 (12) 103 (194) 167 Other consumer loans 87 (38) 16 19 84 Unallocated 515 - - 252 767 Total $ 2,313 $ (260) $ 132 $ 610 $ 2,795 The following tables present the balance in the allowance for loan losses at December 31, 2016 and 2015 disaggregated on the basis of the Company’s impairment method by class of loans receivable along with the balance of loans receivable by class disaggregated on the basis of the Company’s impairment methodology: December 31, 2016 Allowance for Loan Losses Loans Receivables (Dollars in thousands) Ending Balance Ending Balance Individually Evaluated for Impairment Ending Balance Collectively Evaluated for Impairment Ending Balance Ending Balance Individually Evaluated for Impairment Ending Balance Collectively Evaluated for Impairment Commercial and industrial..... $ 647 $ - $ 647 $ 89,625 $ 705 $ 88,920 Commercial mortgage............. 1,051 - 1,051 223,315 6 223,309 Commercial construction....... 113 - 113 22,408 - 22,408 Residential mortgage loans..... 452 47 405 110,538 637 109,901 Home equity lines of credit... 188 - 188 24,669 14 24,655 Other consumer loans............ 97 - 97 17,514 51 17,463 Unallocated............................ 782 - 782 - - - Total...................................... $ 3,330 $ 47 $ 3,283 $ 488,069 $ 1,413 $ 486,656 December 31, 2015 Allowance for Loan Losses Loans Receivables (Dollars in thousands) Ending Balance Ending Balance Individually Evaluated for Impairment Ending Balance Collectively Evaluated for Impairment Ending Balance Ending Balance Individually Evaluated for Impairment Ending Balance Collectively Evaluated for Impairment Commercial and industrial..... $ 631 $ 123 $ 508 $ 74,470 $ 1,259 $ 73,211 Commercial mortgage............. 831 264 567 179,365 2,196 177,169 Commercial construction....... 56 - 56 13,466 - 13,466 Residential mortgage loans..... 259 46 213 101,185 669 100,516 Home equity lines of credit... 167 - 167 24,762 96 24,666 Other consumer loans............ 84 19 65 15,915 351 15,564 Unallocated............................ 767 - 767 - - - Total...................................... $ 2,795 $ 452 $ 2,343 $ 409,163 $ 4,571 $ 404,592 The following tables summarize information in regard to impaired loans by loan portfolio class as of December 31, 2016 and 2015 as well as for the years then ended, respectively: December 31, 2016 December 31, 2015 Recorded Investment Unpaid Principal Balance Related Allowance Recorded Investment Unpaid Principal Balance Related Allowance (Dollars in thousands) With no related allowance recorded: Commercial and industrial................. $ 705 $ 1,268 $ - $ 317 $ 803 $ - Commercial mortgage........................ 6 57 - 1,463 1,530 - Commercial construction................... - - - - - - Residential mortgage loans................ - - - 31 64 - Home equity lines of credit............... 14 16 - 96 97 - Other consumer loans........................ 51 80 - 185 206 - With an allowance recorded: Commercial and industrial................. $ - $ - $ - $ 942 $ 995 $ 123 Commercial mortgage........................ - - - 733 850 264 Commercial construction................... - - - - - - Residential mortgage loans................ 637 637 47 638 638 46 Home equity lines of credit............... - - - - - - Other consumer loans........................ - - - 166 168 19 Total: Commercial and industrial................. $ 705 $ 1,268 $ - $ 1,259 $ 1,798 $ 123 Commercial mortgage........................ 6 57 - 2,196 2,380 264 Commercial construction................... - - - - - - Residential mortgage loans................ 637 637 47 669 702 46 Home equity lines of credit............... 14 16 - 96 97 - Other consumer loans........................ 51 80 - 351 374 19 Total........................................ $ 1,413 $ 2,058 $ 47 $ 4,571 $ 5,351 $ 452 For the year ended December 31, 2016 2015 Average Recorded Investment Interest Income Recognized Average Recorded Investment Interest Income Recognized (Dollars in thousands) With no related allowance recorded: Commercial and industrial................ $ 1,042 $ 9 $ 678 $ 10 Commercial mortgage....................... 1,200 54 2,165 52 Commercial construction................. - - - - Residential mortgage loans............. 28 1 184 - Home equity lines of credit.............. 94 4 98 4 Other consumer loans...................... 170 7 257 6 With an allowance recorded: Commercial and industrial................ $ 503 $ 19 $ 942 $ 10 Commercial mortgage....................... 331 16 1,138 1 Commercial construction................. - - - - Residential mortgage loans............. 638 24 159 4 Home equity lines of credit.............. - - - - Other consumer loans...................... - - 83 - Total: Commercial and industrial................ $ 1,545 $ 28 $ 1,620 $ 20 Commercial mortgage....................... 1,531 70 3,303 53 Commercial construction................. - - - - Residential mortgage loans............. 666 25 343 4 Home equity lines of credit.............. 94 4 98 4 Other consumer loans...................... 170 7 340 6 Total........................................... $ 4,006 $ 134 $ 5,704 $ 87 The following table presents non-accrual loans by classes of the loan portfolio as of December 31, 2016 and 2015: December 31, 2016 2015 (Dollars in thousands) Commercial and industrial............ $ 705 $ 1,059 Commercial mortgage.................... 6 575 Commercial construction.............. - - Residential mortgage loans.......... - 31 Home equity lines of credit.......... 14 16 Other consumer loans................... 51 252 Total loans................................ $ 776 $ 1,933 The Company’s policy for interest income recognition on non-accrual loans is to recognize income under the cash basis when the loans are both current and the collateral on the loan is sufficient to cover the outstanding obligation to the Company. The Company will not recognize income if these factors do not exist. Interest that would have been accrued on non-accruing loans under the original terms but was not recognized as interest income totaled $93 thousand and $228 thousand for the years ended December 31, 2016 and 2015, respectively. The following tables present the classes of the loan portfolio summarized by the aggregate pass rating and the classified ratings of special mention, substandard and doubtful within the Company’s internal risk rating system as of December 31, 2016 and 2015: December 31, 2016 Pass Special Mention Substandard Doubtful Total (Dollars in thousands) Commercial: Commercial and industrial........... $ 88,503 $ - $ 1,122 $ - $ 89,625 Commercial mortgage................... 221,544 - 1,771 - 223,315 Commercial construction............. 22,408 - - - 22,408 Residential mortgage loans............. 110,538 - - - 110,538 Consumer: Home equity lines of credit......... 24,655 - 14 - 24,669 Other consumer loans.................. 17,463 - 51 - 17,514 Total..................................................... $ 485,111 $ - $ 2,958 $ - $ 488,069 December 31, 2015 Pass Special Mention Substandard Doubtful Total (Dollars in thousands) Commercial: Commercial and industrial........... $ 67,509 $ 5,290 $ 1,671 $ - $ 74,470 Commercial mortgage................... 174,339 3,478 1,548 - 179,365 Commercial construction............. 13,466 - - - 13,466 Residential mortgage loans............. 101,154 - 31 - 101,185 Consumer: Home equity lines of credit......... 24,746 - 16 - 24,762 Other consumer loans.................. 15,663 - 252 - 15,915 Total..................................................... $ 396,877 $ 8,768 $ 3,518 $ - $ 409,163 The performance and credit quality of the loan portfolio is also monitored by analyzing the age of the loans receivable as determined by the length of time a recorded payment is past due. The following tables present the classes of the loan portfolio summarized by the past due status as of December 31, 2016 and 2015: December 31, 2016 30-59 Days Past Due 60-89 Days Past Due Greater Than 90 Days Total Past Due Current Total Loans Receivables (Dollars in thousands) Commercial: Commercial and industrial.......... $ 293 $ 60 $ 632 $ 985 $ 88,640 $ 89,625 Commercial mortgage.................. - - 6 6 223,309 223,315 Commercial construction............ - - - - 22,408 22,408 Residential mortgage loans............ - 104 - 104 110,434 110,538 Consumer: Home equity lines of credit........ - - - - 24,669 24,669 Other consumer loans................. 17 - 4 21 17,493 17,514 Total............................. $ 310 $ 164 $ 642 $ 1,116 $ 486,953 $ 488,069 December 31, 2015 30-59 Days Past Due 60-89 Days Past Due Greater Than 90 Days Total Past Due Current Total Loans Receivables (Dollars in thousands) Commercial: Commercial and industrial.......... $ - $ 67 $ 230 $ 297 $ 74,173 $ 74,470 Commercial mortgage.................. 51 101 195 347 179,018 179,365 Commercial construction............ - - - - 13,466 13,466 Residential mortgage loans............ 975 - - 975 100,210 101,185 Consumer: Home equity lines of credit........ - - - - 24,762 24,762 Other consumer loans................. 15 - 209 224 15,691 15,915 Total............................. $ 1,041 $ 168 $ 634 $ 1,843 $ 407,320 $ 409,163 As of December 31, 2016 and 2015, there were no loans 90 days past due and still accruing interest. Troubled Debt Restructurings The Company may grant a concession or modification for economic or legal reasons related to a borrower’s declining financial condition that it would not otherwise consider, resulting in a modified loan which is then identified as a troubled debt restructuring (“TDR”). The Company may modify loans through rate reductions, extensions of maturity, interest only payments, or payment modifications to better match the timing of cash flows due under the modified terms with the cash flows from the borrowers’ operations. Loan modifications are intended to minimize the economic loss and to avoid foreclosure or repossession of the collateral. TDRs are considered impaired loans for purposes of calculating the Company’s allowance for loan losses. The Company identifies loans for potential restructure primarily through direct communication with the borrower and evaluation of the borrower’s financial statements, revenue projections, tax returns, and credit reports. Even if the borrower is not presently in default, management will consider the likelihood that cash flow shortages, adverse economic conditions, and negative trends may result in a payment default in the near future. The following tables summarize the balance of outstanding TDR’s at December 31, 2016 and December 31, 2015: Number of Loans Performing TDR's Non-Performing TDR's Total TDRs (Dollars in thousands) December 31, 2016 Residential mortgage loans 1 $ 637 - $ 637 Home equity lines of credit 1 - 14 14 Other consumer loans 1 - 20 20 Total 3 $ 637 $ 34 $ 671 Number of Loans Performing TDR's Non-Performing TDR's Total TDRs (Dollars in thousands) December 31, 2015 Commercial and industrial 4 $ 200 $ 742 $ 942 Commercial mortgage 6 1,622 343 1,965 Residential mortgage loans 2 638 31 669 Home equity lines of credit 2 79 17 96 Other consumer loans 2 99 22 121 Total 16 $ 2,638 $ 1,155 $ 3,793 For the year ended December 31, 2016 there were no new TDR’s entered into. During 2016, one performing commercial mortgage TDR loan totaling $1.3 million was refinanced by the Bank under current market terms and is no longer considered a TDR loan. Additionally, eight loans totaling $1.5 million, previously classified as TDR loans, were reclassified to performing status based on the improved financial condition of the borrowers. These loans have performed in accordance with their modified terms and have remained current for a minimum of at least six consecutive months. In addition, two loans, totaling $221 thousand, previously classified as TDRs at December 31, 2016 were paid off by the borrowers while two additional previously classified TDR’s totaling $64 thousand were moved to other real estate owned. The following table reflects information regarding TDR’s entered into by the Company for the period ended December 31, 2015. For the year ended December 31, 2015 Number of Contracts Pre-Modification Outstanding Recorded Investments Post-Modification Outstanding Recorded Investments (Dollars in thousands) Troubled debt restructurings: Commercial and industrial.... 3 $ 922 $ 922 Commercial mortgage............ 3 637 637 Residential mortgage loans.. 2 673 673 Total..................................... 8 $ 2,232 $ 2,232 The following is an analysis of loans modified in a troubled debt restructuring by type of concession for the year ended December 31, 2015. For the year ended December 31, 2015 Number of Contracts Recorded Investment (Dollars in thousands) Extended under forbearance.......................... 3 $ 1,001 Interest-rate reductions.................................. 3 793 Other maturity / payment modifications...... 2 438 Total.................................................................. 8 $ 2,232 As of December 31, 2015, two commercial loans, classified as TDR’s, with a combined balance totaling $64 thousand, were in default and were classified as non-accrual status. Subsequently, these loans were moved to other real estate owned. Additionally, a mortgage loan restructured during the fourth quarter of 2015 with an outstanding balance of $638 thousand was past due 30 days as of December 31, 2015, however, this loan was subsequently paid current. No other TDRs were subsequently in default as of the periods stated. At both December 31, 2016 and 2015, there were no commitments to lend additional funds to debtors whose terms have been modified in TDR’s. The carrying amount of foreclosed residential mortgage properties held was $701 thousand as of December 31, 2016. There were no consumer mortgage loans collateralized by residential real estate property that were in the process of foreclosure as of December 31, 2016.

Transactions with Executive Off

Transactions with Executive Officers, Directors and Principal Shareholders	12 Months Ended
	Dec. 31, 2016
Related Party Transactions [Abstract]
Transactions with Executive Officers, Directors and Principal Shareholders	Note 6—Transactions with Executive Officers, Directors and Principal Shareholders The Company has had, and may be expected to have in the future, banking transactions in the ordinary course of business with its executive officers, directors, principal shareholders, their immediate families and affiliated companies (commonly referred to as related parties), on the same terms, including interest rates and collateral, as those prevailing at the time for comparable transactions with others and do not involve more than the normal risk of collectability. Activity of these loans is as follows: December 31, 2016 2015 (Dollars in thousands) Balance, beginning of year.................................. $ 5,722 $ 5,608 New loans............................................................... 2,174 3,358 Loans of Retired/Deceased Officers................... - (2,394 ) Repayments............................................................ (2,430 ) (850 ) Balance at end of year.......................................... $ 5,466 $ 5,722 Deposits of related parties totaled $7.7 million and $6.8 million at December 31, 2016 and 2015, respectively.

Premises and Equipment

Premises and Equipment	12 Months Ended
	Dec. 31, 2016
Property Plant And Equipment [Abstract]
Premises and Equipment	Note 7—Premises and Equipment The components of premises and equipment at December 31, 2016 and 2015 are as follows: December 31, 2016 2015 (Dollars in thousands) Buildings............................................................................ $ 1,143 $ 1,143 Leasehold improvements................................................. 1,422 1,721 Furniture, fixtures and equipment.................................. 818 846 Automobiles...................................................................... 24 24 Computer equipment and data processing software... 736 712 4,143 4,446 Accumulated depreciation.............................................. (2,388 ) (2,413 ) $ 1,755 $ 2,033 Depreciation expense for the years ended December 31, 2016 and 2015 was $309 thousand and $406 thousand, respectively.

Deposits

Deposits	12 Months Ended
	Dec. 31, 2015
Banking And Thrift [Abstract]
Deposits	Note 8—Deposits The components of deposits at December 31, 2016 and 2015 are as follows: As of December 31, 2016 2015 (Dollars in thousands) Demand, non-interest bearing................... $ 54,817 $ 46,343 Demand, interest-bearing........................... 57,168 38,297 Money market and savings accounts...... 113,655 90,696 Time, $100 and over.................................... 45,311 56,138 Time, other.................................................... 196,737 177,213 $ 467,688 $ 408,687 Included in time, other at December 31, 2016 and 2015 are brokered deposits of $138.8 million, and $113.3 million, respectively. As of December 31, 2016 and 2015 aggregate time deposits which exceed the $250 thousand FDIC insurance limit were $8.0 million and $10.0 million, respectively. At December 31, 2016, the scheduled maturities of time deposits are as follows: December 31, 2016 (Dollars in thousands) 2017....................... $ 115,390 2018....................... 71,934 2019....................... 26,536 2020....................... 10,555 2021....................... 17,594 Thereafter............. 39 $ 242,048

Borrowings

Borrowings	12 Months Ended
	Dec. 31, 2016
Debt Disclosure [Abstract]
Borrowings	Note 9—Borrowings As of December 31, 2016 and 2015, the Company had a borrowing facility with a correspondent bank totaling $10 million, of which $2 million is available unsecured. The remaining $8 million is a secured line of credit with security provided, when utilized, by a pledge of the Company’s investment assets. The Bank has been a member of FHLB since March 2008. Advances are collateralized by restricted investments in FHLB bank stock totaling $3.1 million and $3.3 million at December 31, 2016 and 2015, respectively, by a specific pledge of the Bank’s investment assets and by a blanket lien on the Bank’s loan portfolio. At December 31, 2016 and 2015, respectively, the Bank had borrowing capacity with the FHLB, of $206 million and $169 million, respectively, with advances outstanding as of those dates of $68.2 million and $74.7 million, respectively. Investment securities with a carrying value of $40 thousand and $60 thousand were specifically pledged as collateral to secure FHLB borrowings as of December 31, 2016 and 2015, respectively. Short-Term Borrowings At December 31, 2016 and 2015, First Priority had short-term borrowings totaling $56.2 million and $59.7 million, respectively, consisting of advances from the FHLB with an original maturity of less than a year. Advances from the FHLB at December 31, 2016 are collateralized by our investment in the common stock of the FHLB and by a blanket lien on selected mortgage loans within the Bank’s portfolio. The following table outlines First Priority’s various sources of short-term borrowed funds at or for the years ended December 31, 2016 and 2015. The maximum balance represents the highest indebtedness for each category of short-term borrowed funds at any month-end during each of the years shown. December 31, 2016 2015 (Dollars in thousands) Federal funds purchased: Balance at year end......................................... $ - $ - Weighted average rate at year end............... - - Maximum month-end balance........................ $ - $ - Average daily balance during the year........ $ 2 $ 28 Weighted average rate during the year....... 0.76 % 0.51 % FHLB short-term borrowings: Balance at year end......................................... $ 56,164 $ 59,725 Weighted average rate at year end............... 0.74 % 0.45 % Maximum month-end balance........................ $ 60,688 $ 63,208 Average daily balance during the year........ $ 22,508 $ 33,297 Weighted average rate during the year....... 0.61 % 0.36 % Long-Term Debt Long-term debt, consisting of FHLB advances with an original maturity of one year or greater, totaled $12.0 million and $15.0 million as of December 31, 2016 and 2015, respectively. Average balances outstanding totaled $14.1 million and $12.9 million, respectively, with an average cost of 1.12% and 1.00%, respectively, for the years ended December 31, 2016 and 2015. There have been no advances made during these reported periods. At December 31, 2016, scheduled maturities of long-term borrowings with the FHLB are as follows: Balance Weighted Average Rate (Dollars in thousands) 2017....................... $ 7,000 0.97% 2018....................... 3,000 1.31% 2019....................... 2,000 1.64% $ 12,000 1.17%

Subordinated Debt

Subordinated Debt	12 Months Ended
	Dec. 31, 2016
Debt Disclosure [Abstract]
Subordinated Debt	Note 10 —Subordinated Debt On November 13, 2015, First Priority Bank entered into Subordinated Note Purchase Agreements with five accredited investors under which the Bank issued subordinated notes (the “Notes”) totaling $9.5 million, resulting in net proceeds of approximately $9.2 million after issuance costs of $318 thousand. The Notes have a maturity date of November 30, 2025, and will bear interest at a fixed rate of 7.00% per annum. The Notes are non-callable for an initial period of five years and include provisions for redemption pricing between 101.5% and 100.5% of the total of $9.5 million, plus accrued but unpaid interest thereon up to but excluding the redemption date, if called after five years but prior to the maturity date. In December 2015, the Bank utilized $6.0 million of the proceeds from the subordinated note issuance to repurchase shares of its common stock from First Priority, and subsequently in January 2016, First Priority utilized the distribution from the Bank to redeem 6,000 of the 9,404 outstanding shares of its 9.00% Fixed Rate Cumulative Perpetual Preferred Stock, which was originally issued to the United States Department of the Treasury during 2009 as part of the TARP Capital Purchase Program, at their liquidation value of $1,000 per share, or $6.0 million, plus accrued dividends. The Bank utilized the remainder of the issuance for general corporate purposes.

Lease Commitments

Lease Commitments	12 Months Ended
	Dec. 31, 2016
Leases [Abstract]
Lease Commitments	Note 11—Lease Commitments Pursuant to the terms of non-cancellable lease agreements in effect at December 31, 2016, pertaining to premises, future minimum lease payments by year and in the aggregate, under these lease agreements, are as follows: Minimum Lease Payments (Dollars in thousands) 2017........................... $ 1,029 2018........................... 810 2019........................... 743 2020........................... 649 2021........................... 448 Thereafter................. 2,828 $ 6,507 The minimum lease payments shown above include payments for the entire initial term. Option periods for which the Company has an option to extend the lease beyond initial periods have not been included as part of the minimum lease payments. Lease expense for all leases for the years ended December 31, 2016 and 2015 was $1.13 million and $1.19 million, respectively. During 2016, the Bank closed its Plumstead branch office location and in 2015 closed the Reading and Towamencin offices upon reaching the end of the initial lease terms.

Severance and Employment Agreem

Severance and Employment Agreements	12 Months Ended
	Dec. 31, 2016
Restructuring And Related Activities [Abstract]
Severance and Employment Agreements	Note 12—Severance and Employment Agreements On December 19, 2013, the board of directors of the Company approved restructured change in control arrangements to replace the previously executed change in control agreements between the Company and participating senior officers. These steps significantly reduced the Company’s liability in the event of a change in control. Each senior officer will participate in the First Priority Bank Severance Plan (the “Severance Plan”), which is a broad-based severance plan applicable to certain employees of the Company and the Bank. Each participating senior officer will receive a severance benefit equal to continued base salary, as defined, for a period ranging between six and eighteen months in the event that the officer’s employment is terminated within one year following a “change in control” as a result of a work force reduction or job elimination. In addition, each senior officer also received a grant of stock options under the Company’s existing Stock Compensation Program. Such options, which vest only upon a change in control of the Company, will remain outstanding for a period of ten years, expiring as of December 19, 2023, at an exercise price of $5.25. These issued options, totaling 355,000 were generally granted to replace 315,000 previously granted options, which had exercise prices of either $10.00 or $10.25 per share and which the Company and each senior officer mutually agreed to terminate. On December 19, 2013, as part of the Company’s long-term incentive compensation program, each senior officer also received a grant of restricted stock under the Company’s Stock Compensation Program, totaling 89,500 shares in aggregate, which vested three years from the grant date. The Company has an employment agreement with its president, who does not participate in the previously mentioned Severance Plan. The employment agreement provides for a three year term that is automatically renewed on each anniversary date of the agreement for an additional year unless either party gives notice to the other of non-renewal at least 60 days prior to such anniversary date. The agreement provides for a base salary and benefits commensurate with other First Priority executive officers, including health insurance, vacation, use of a company vehicle, supplemental life insurance and disability coverage, among other things. The agreement can be terminated for “cause” as defined in the agreement. If First Priority were to terminate its president’s employment without cause, or if the president were to terminate his employment for “good reason”, as defined, including but not limited to, change in control of First Priority, he will be entitled to receive post termination benefits as follows: an amount equal to three (3) times the sum of (i) the highest salary paid to him in the year of termination or prior two calendar years and (ii) the highest bonus paid to him in one of the three calendar years prior to termination and (iii) an adjustment for benefits.

Shareholders' Equity

Shareholders' Equity	12 Months Ended
	Dec. 31, 2016
Equity [Abstract]
Shareholders' Equity	Note 13—Shareholders’ Equity As of December 31, 2015, the Company had 10,000,000 authorized common shares. The Company amended its articles of incorporation, effective May 4, 2016, to increase the number of authorized shares of its common stock, $1.00 par value, from 10,000,000 shares to 20,000,000 shares. The amendment was approved by shareholders at the 2016 annual meeting of shareholders held on May 3, 2016. As of December 31, 2016 and 2015 the Company had 3,404 shares and 9,404 shares, respectively, of 9% fixed rate, Cumulative Perpetual Preferred Stock outstanding totaling $3.4 million and $9.4 million, respectively. On January 22, 2016, First Priority redeemed $6.0 million of its outstanding Preferred Stock for a total redemption price of $1,016.75 per share which included accrued dividends. This redemption included all shares of outstanding Series A (4,579 shares; par value $1,000) and Series B (229 shares; par value $1,000); and approximately 25.9% of Series C (1,192 shares of 4,596 shares outstanding; par value $1,000). The shares of Series C were selected for redemption on a pro rata basis. After the completion of the redemptions, 3,404 shares of Series C Preferred Stock remain outstanding as of December 31, 2016. The Preferred Stock has no maturity date and ranks senior to common stock with respect to dividends and upon liquidation, dissolution, or winding up. The Company may redeem the Preferred Stock, in whole or in part, at its liquidation preference plus accrued and unpaid dividends.

Stock Compensation Program

Stock Compensation Program	12 Months Ended
	Dec. 31, 2016
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]
Stock Compensation Program	Note 14—Stock Compensation Program In 2005, the Company adopted the 2005 Stock Compensation Program, which was amended at the Company’s annual meeting on April 23, 2009 as the 2009 Stock Compensation Program (the “Program”) and further amended effective March 18, 2010. The Program allows equity benefits to be awarded in the form of Incentive Stock Options, Compensatory Stock Options or Restricted Stock. The Program authorizes the Board of Directors to grant options up to an aggregate maximum of 1,207,957 shares to officers, other employees and directors of the Company, including 382,957 shares which were authorized for grant under this plan as a result of the merger with Affinity. Only employees of the Company will be eligible to receive Incentive Stock Options and such grants are subject to the limitations under Section 422 of the Internal Revenue Code. All stock options granted under the Program fully vest in four years from the date of grant (or potentially earlier upon a change of control), excluding options issued in regards to the Company’s Severance Plan which vest only upon change in control, and options terminate ten years from the date of the grant. The exercise price of the options granted is the fair value of a share of common stock at the time of the grant. A summary of the Stock Option Plan is presented below: For the Years Ended December 31, 2016 2015 Options to Purchase Common Shares Weighted Average Exercise Price Options to Purchase Common Shares Weighted Average Exercise Price Outstanding at beginning of year........... 970,193 $ 6.41 866,613 $ 6.89 Granted during year............................. 37,500 5.93 243,000 5.94 Forfeited/cancelled during the year.. (32,500) 5.91 (91,572) 9.56 Exercised............................................... (2,000) 5.73 - - Expired................................................... (18,133) 9.65 (47,848) 6.73 Outstanding at end of year (1)................. 955,060 $ 6.35 970,193 $ 6.41 Exercisable at end of year (1)................... 354,560 $ 7.74 353,693 $ 7.94 (1) Included in options outstanding and exercisable at year end are 100,000 organizer options, with an exercise price of $10.00 per share and an expiration date of October 18, 2017, exchanged as part of the 2008 acquisition of Prestige which were issued outside of the Program. The weighted average remaining contractual lives of all outstanding stock options and exercisable at December 31, 2016 and 2015 were 5.84 years and 2.98 years, respectively, and 6.67 years and 3.66 years, respectively. The aggregate intrinsic value of all outstanding stock options based on the closing stock price was $705 thousand as of December 31, 2016, including $150 thousand related to currently exercisable options, and $618 thousand as of December 31, 2015, including $121 thousand related to exercisable options. The fair value of each option grant is estimated on the date of grant using the Black-Scholes option-pricing model with the following weighted average assumptions: 2016 2015 Dividend yield.................................. 0.0% 0.0% Expected life..................................... 7 years 7 years Expected volatility........................... 26% 28% Risk-free interest rate...................... 1.63% 2.13% Weighted average fair value.......... $ 1.83 $ 1.52 For option grants to individual employees, the Company assumes no forfeitures. For option grants made to a group of employees, a 10% forfeiture rate is typically assumed at the date of the grant, and compared to actual forfeitures on an annual basis. Under the terms of the merger agreement, with Affinity, dated February 28, 2013, each Affinity option became fully vested and was exchanged for a grant of 0.9813 FPFC options, with an adjusted exercise price to reflect the exchange ratio and maintained the same expiration date as the original option. As of December 31, 2016, 45,460 of these options remain outstanding with an average exercise price of $9.42 and a remaining contractual term of 2.8 years. The dividend yield assumption is based on the Company’s history and expectation of dividend payouts. Due to the Company’s lack of sufficient historical exercise data and the limited period of time for which shares have been issued, the “simplified” method is used to determine the expected life of options, calculated as the average of the sum of the vesting term and original contractual term for all periods presented. The expected volatility percentage is based on the average expected volatility of similar public financial institutions in the Company’s market area. The risk-free interest rates for periods within the contractual life of the awards are based on the U.S. Treasury yield curve in effect at the time of grant. As of December 31, 2016, there was $230 thousand of unrecognized compensation cost related to non-vested stock options granted after January 1, 2007, excluding those stock options issued in conjunction with the severance plan (see Note 12). That cost is expected to be recognized over a weighted average period of 2.62 years. There was no tax benefit recognized related to this stock-based compensation. There are 355,000 stock options issued in connection with the termination of the previously executed change in control agreements and the adoption of the severance plan with $576 thousand of unrecognized compensation cost which will only be recognized if a change in control occurs, based on the options which remain outstanding and are probable to vest at that time. During 2015, included in the options granted, there were 99,000 performance options issued to various employees. Certain performance criteria must be achieved over the performance period in order for the option granted to vest. Performance is analyzed on a quarterly basis to determine if the specific required performance is more likely than not to be achieved. Based on this evaluation, 27,500 performance options were cancelled in each of 2016 and 2015, respectively, leaving 44,000 outstanding as of December 31, 2016. These non-vested options may be further adjusted in the future. Restricted stock grants fully vest after a minimum of three years from the date of grant (or potentially earlier upon a change of control or retirement after the age of 66), subject to the recipient remaining an employee of the Company. Directors are also granted restricted stock as part of their compensation for their services on the Board of Directors, or related Committees, as approved by the Compensation Committee of the Board. Upon issuance of the shares, resale of the shares is restricted during the vesting period, during which the shares may not be sold, pledged, or otherwise disposed of. Prior to the vesting date and in the event the recipient terminates association with Company for any reasons other than death, disability or change of control, the recipient forfeits all rights to the shares that would otherwise be issued under the grant. Compensation expense related to restricted stock awards granted under the Plan is determined at the date of the award based on the estimated fair value of the shares and is amortized over the vesting period. As of December 31, 2016, there was $328 thousand of unrecognized compensation cost related to restricted stock, which will be amortized through June 28, 2020. As of December 31, 2016 and 2015, 30,260 shares and 18,532 shares, respectively, of restricted common stock were outstanding to non-management employees throughout the Company under the Stock Compensation Program. A summary of restricted stock award activity is presented below for the years presented: For the Years Ended December 31, 2016 2015 Outstanding unvested shares at beginning of year... 165,474 121,874 Shares granted during year............................................ 36,250 50,700 Shares forfeited/cancelled during year......................... (725 ) (5,525 ) Vested Shares during this period.................................. (111,549 ) (1,575 ) Outstanding unvested shares at end of year.............. 89,450 165,474

Federal Income Taxes

Federal Income Taxes	12 Months Ended
	Dec. 31, 2016
Income Tax Disclosure [Abstract]
Federal Income Taxes	Note 15—Federal Income Taxes Deferred tax assets (“DTA”) are reduced by a valuation allowance if, based on the weight of evidence available, it is more likely than not that some portion or all of a deferred tax asset will not be realized. When determining the need for a valuation allowance, the Company assessed the possible sources of taxable income available under tax law to realize a tax benefit for deductible temporary differences and carryforwards, as defined by Accounting Standards Codification (“ASC”) Topic 740-10-30-18. This guidance related to when a valuation allowance on the DTA should be maintained, generally provides that the valuation allowance should be reversed, when in the judgment of management, it is more likely than not that the DTA will be realized. First Priority has determined that it is more likely than not that the net deferred tax asset will be realized, and therefore, in its judgment, a valuation allowance related to net deferred tax assets is not required. When evaluating the Company’s deferred tax asset and related valuation allowance, management considered the four sources of taxable income identified in ASC Topic 740-10-30-18 including: • Future reversals of existing taxable temporary differences. • Taxable income in prior carryback year(s) if carryback is permitted under the tax law. • Tax-planning strategies (see paragraph 740-10-30-19) that would, if necessary, be implemented • Future taxable income exclusive of reversing temporary differences and carryforwards Additionally, the Company also considers tax planning strategies which could accelerate taxable income and allow the Company to take advantage of future deductible differences. A qualified tax-planning strategy is an action that (a) is prudent and feasible; (b) a company ordinarily might not take, but would take to prevent an operating loss or tax credit carryforward from expiring unused; and (c) would result in the realization of deferred tax assets. The components of the net deferred tax asset at December 31, 2016 and 2015 are as follows: December 31, 2016 2015 (Dollars in thousands) Deferred tax assets: Allowance for loan losses.................................................... $ 701 $ 449 Organization and start-up costs.......................................... 75 94 Net operating loss carryforwards....................................... 833 1,886 Net operating loss carryforwards--acquired..................... 670 795 Contribution carryforward................................................... 9 4 Non-qualified stock option expense................................... 283 427 Other real estate owned deferred costs............................. 215 172 Unrealized loss on available for sale securities................ 21 - Alternative minimum tax carryforward............................... 199 125 Property and equipment....................................................... 35 68 Other........................................................................................ 12 12 Total Deferred Tax Assets........................................................ 3,053 4,032 Deferred tax liabilities: Unrealized gain on available for sale securities................ - 121 Acquisition accounting........................................................ 135 162 Cash basis conversions....................................................... 206 170 Other........................................................................................ 15 36 Total Deferred Tax Liabilities............................................ 356 489 Net Deferred Tax Asset....................................................... $ 2,697 $ 3,543 A significant component of the Company’s deferred tax asset balances relates to the Company’s net operating loss (“NOL”) carryforwards, including acquired NOLs, totaling $4.4 million as of December 31, 2016. First Priority currently has NOL carryforwards of $2.5 million at December 31, 2016, which expire in 2029 through 2034; such NOL carryforwards, however, are available prior to expiration to reduce future federal income taxes until such time as the entire NOL is utilized. First Priority acquired a NOL for tax purposes related to the acquisition of Prestige Community Bank with a remaining balance totaling $1.4 million as of December 31, 2016, that is subject to certain limitations and expires in 2027 through 2028 if not fully utilized. In addition, a NOL carryforward balance of $615 thousand resulting from the merger with Affinity remains available to reduce future federal income taxes as of December 31, 2016. These NOL carryforwards are also subject to certain limitations and expires in 2031 through 2032 if not fully utilized. The following table presents the income tax expense (benefit) for the years ended December 31, 2016 and 2015. For the year ended December 31, 2016 2015 (Dollars in thousands) Current tax expense: Federal ................................................. $ 94 $ 49 State........................................................ 46 12 Deferred Income tax expense: Federal.................................................... 988 874 Income tax expense..................................... $ 1,128 $ 935 Reconciliation of the statutory federal income tax (benefit) expense computed at 34% to the income tax expense (benefit) included in the consolidated statements of income is as follows: For the year ended December 31, 2016 2015 (Dollars in thousands) Federal income tax expense at statutory rate of 34%: $ 1,165 $ 1,036 Increase (decrease) in taxes resulting from: Tax exempt interest income, net......................................... (109 ) (117 ) Tax exempt income on bank owned life insurance............ (26 ) (29 ) Applicable state income taxes............................................ 30 8 Stock compensation adjustment for expired options......... 30 - Other.................................................................................... 38 37 Federal income tax expense....................................................... $ 1,128 $ 935 The Company’s policy

Financial Instruments with Off-

Financial Instruments with Off-Balance Sheet Risk	12 Months Ended
	Dec. 31, 2016
Commitments And Contingencies Disclosure [Abstract]
Financial Instruments with Off-Balance Sheet Risk	Note 16—Financial Instruments with 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 financing needs of its customers. These financial instruments include commitments to extend credit. Such commitments involve, to varying degrees, elements of credit and interest rate risk in excess of the amount recognized in the consolidated balance sheet. The Company’s exposure to credit loss in the event of nonperformance by the other party to the financial instrument for commitments to extend credit is represented by the contractual amount of those instruments. The Company uses the same credit policies in making commitments and conditional obligations as it does for on-balance sheet instruments. At December 31, 2016 and 2015, outstanding commitments to extend credit consisting of total unfunded commitments under lines of credit were $98.2 million and $97.8 million, respectively. In addition, as of each of these dates, there were $958 thousand and $711 thousand of performance standby letters of credit outstanding, respectively, and $1.7 million and $1.1 million, respectively, of financial standby letters of credit as of each respective period issued on behalf of the Bank’s customers. As of December 31, 2016, the Company also has deposit letters of credit totaling $16.0 million, issued by the FHLB, as required to provide collateral on certain municipal deposits maintained at First Priority. These deposit letters of credit are secured by a blanket lien on selected mortgage loans within the Bank’s portfolio. 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. Since many of the commitments are expected to expire without being drawn upon, the total commitment amounts do not necessarily represent future cash requirements. Commitments generally have fixed expiration dates or other termination clauses and may require payment of a fee. The Bank evaluates each customer’s credit worthiness on a case-by-case basis. The amount of collateral obtained, if deemed necessary by the Bank upon extension of credit, is based on management’s credit evaluation. Collateral held varies but may include residential or commercial real estate, accounts receivable, inventory and equipment.

Regulatory Matters

Regulatory Matters	12 Months Ended
	Dec. 31, 2016
Banking And Thrift [Abstract]
Regulatory Matters	Note 17—Regulatory Matters The Dodd-Frank Act required the FRB to establish minimum consolidated capital requirements for bank holding companies that are as stringent as those required for insured depositary subsidiaries. The federal banking agencies approved rules that implemented the Dodd-Frank requirements and certain other regulatory capital reforms which were designed to enhance such requirements and implement the revised standards of the Basel Committee on Banking Supervision, commonly referred to as Basel III. These rules (i) introduced a new capital ratio pursuant to the prompt corrective action provisions, the common equity tier 1 capital to risk rated assets ratio, (ii) increased the adequately capitalized and well capitalized thresholds for the Tier 1 risk based capital ratios to 6% and 8% respectively, (iii) changed the treatment of certain capital components for determining Tier 1 and Tier 2 capital, and (iv) changed the risk weighting of certain assets and off balance sheet items in determining risk weighted assets. The new risk based capital rules became effective January 1, 2015. Under the revised capital guidelines, the Bank’s minimum capital to risk-adjusted assets requirements consist of a common equity tier 1 capital ratio of 4.5% (6.5% to be considered “well capitalized”) and a tier 1 capital ratio of 6.0%, increased from 4.0% (and increased from 6.0% to 8.0% to be considered “well capitalized”); the total capital ratio remains at 8.0% under the new rules (10.0% to be considered “well capitalized”). In addition, the Bank must maintain a minimum Tier 1 leverage ratio of at least 4.0% (5.0% to be considered “well capitalized”). The new minimum capital requirements became effective on January 1, 2015. Under the new rules, in order to avoid limitations on capital distributions (including dividend payments and certain discretionary bonus payments to executive officers), a banking organization must hold a capital conservation buffer comprised of common equity tier 1 capital above its minimum risk-based capital requirements in an amount greater than 2.5% of total risk-weighted assets. The capital contribution buffer requirements is being phased in over a three-year period beginning January 1, 2016 and was 0.625% during 2016. The capital buffer requirement, on a fully phased-in basis as of January 1, 2019, effectively raises the minimum required common equity Tier 1 capital ratio to 7.0% (5.125% in 2016), the Tier 1 capital ratio to 8.5% (6.625% in 2016), and the total capital ratio to 10.5% (8.625% in 2016). The Bank’s capital amounts (dollars in thousands) and ratios at December 31, 2016 and 2015 are presented below: Actual Minimum Capital Requirement To be Well Capitalized under Prompt Corrective Action Provisions Amount Ratio Amount Ratio Amount Ratio December 31, 2016 Total capital (to risk-weighted assets) ... $ 55,900 12.07 % $ 37,064 >8.0 % $ >46,330 >10.0 % Tier 1 capital (to risk-weighted assets) .. 43,328 9.35 >27,798 >6.0 >37,064 >8.0 Tier 1 common equity capital (to risk-weighted assets)…………………...….. 43,328 9.35 >20,848 >4.5 >30,114 >6.5 Tier 1 capital (to total assets) .................. 43,328 7.87 >22,023 >4.0 >27,528 >5.0 December 31, 2015 Total capital (to risk-weighted assets) ... $ 51,889 12.98 % $ >31,985 >8.0 % $ >39,981 >10.0 % Tier 1 capital (to risk-weighted assets) .. 39,858 9.97 >23,989 >6.0 >31,985 >8.0 Tier 1 common equity capital (to risk-weighted assets)……………………….. 39,858 9.97 >17,992 >4.5 >25,988 >6.5 Tier 1 capital (to total assets) .................. 39,858 8.11 >19,655 >4.0 >24,568 >5.0 First Priority’s ability to pay cash dividends is dependent on receiving cash in the form of dividends from the Bank. However, certain restrictions exist regarding the ability of the Bank to transfer funds to First Priority in the form of cash dividends. All dividends are currently subject to prior approval of the Pennsylvania Department of Banking and Securities and the FDIC and are payable only from the undivided profits of the Bank, with the exception of an exemption enacted by the Pennsylvania Department of Banking and Securities which allows the Bank to pay dividends related to preferred stock originally issued under the U.S. Department of the Treasury’s Troubled Asset Relief Program—Capital Purchase Program. Additionally, First Priority has met the requirement of obtaining prior approval from the Federal Reserve Bank on any payment of dividends including dividends on the aforementioned preferred stock, when net income for the past four quarters is not sufficient to fund the dividend payments over that same period or when such payment would negatively impact capital adequacy of the Company.

Fair Value Measurements and Fai

Fair Value Measurements and Fair Values of Financial Instruments	12 Months Ended
	Dec. 31, 2016
Fair Value Disclosures [Abstract]
Fair Value Measurements and Fair Values of Financial Instruments	Note 18—Fair Value Measurements and Fair Values of Financial Instruments Management uses its best judgment in estimating the fair value of the Bank’s financial instruments; however, there are inherent weaknesses in any estimation technique. Therefore, for substantially all financial instruments, the fair value estimates herein are not necessarily indicative of the amounts the Company could have realized in a sales transaction on the dates indicated. The estimated fair value amounts have been measured as of December 31, 2016 and 2015 and have not been re-evaluated or updated for purposes of these financial statements subsequent to those respective dates. As such, the estimated fair values of these financial instruments subsequent to the respective reporting dates may be different than the amounts reported at each year-end. The Company uses fair value measurements to record fair value adjustments to certain assets and liabilities and to determine fair value disclosures. In accordance with FASB ASC Topic 820 – Fair Value Measurements The fair value guidance provides a consistent definition of fair value, which focuses on exit price in an orderly transaction (that is, not a forced liquidation or distressed sale) between market participants at the measurement date under current market conditions. If there has been a significant decrease in the volume and level of activity for the asset or liability, a change in valuation technique or the use of multiple valuation techniques may be appropriate. In such instances, determining the price at which willing market participants would transact at the measurement date under current market conditions depends on the facts and circumstances and requires the use of significant judgment. The fair value is a reasonable point within the range that is most representative of fair value under current market conditions. FASB ASC Topic 820 establishes a fair value hierarchy that prioritizes the inputs to valuation methods used to measure fair value. The hierarchy gives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities (Level 1 measurements) and the lowest priority to unobservable inputs (Level 3 measurements). The three levels of the fair value hierarchy under FASB ASC Topic 820 are as follows: Level 1 : Unadjusted quoted prices in active markets that are accessible at the measurement date for identical, unrestricted assets or liabilities. Level 2 : Quoted prices in markets that are not active, or inputs that are observable either directly or indirectly, for substantially the full term of the asset or liability. Level 3 : Prices or valuation techniques that require inputs that are both significant to the fair value measurement and unobservable (i.e., supported with little or no market activity). An asset’s or liability’s level within the fair value hierarchy is based on the lowest level of input that is significant to the fair value measurement. For financial assets measured at fair value on a recurring basis, the fair value measurements by level within the fair value hierarchy used at December 31, 2016 and 2015 are as follows: Description Fair Value (Level 1) Quoted Prices in Active Markets for Identical Assets (Level 2) Significant Other Observable Inputs (Level 3) Significant Unobservable Inputs (Dollars in thousands) As of December 31, 2016: Investment securities available for sale: Obligations of U.S. government agencies and corporations..... $ 45,987 $ - $ 45,987 $ - Obligations of states and political subdivisions...................... 6,139 - 6,139 - Federal agency mortgage-backed securities.............................. 13,720 - 13,720 - Federal agency collateralized mortgage obligations.................. 189 - 189 - Other debt securities................................................................ 1,530 - 1,530 - Money market mutual fund..................................................... 2,995 2,995 - - Total assets measured at fair value on a recurring basis.......... $ 70,560 $ 2,995 $ 67,565 $ - Description Fair Value (Level 1) Quoted Prices in Active Markets for Identical Assets (Level 2) Significant Other Observable Inputs (Level 3) Significant Unobservable Inputs (Dollars in thousands) As of December 31, 2015: Investment securities available for sale: Obligations of U.S. government agencies and corporations... $ 62,904 $ - $ 62,904 $ - Obligations of states and political subdivisions..................... 14,347 - 14,347 - Federal agency mortgage-backed securities............................ 17,038 - 17,038 - Federal agency collateralized mortgage obligations................ 346 - 346 - Money market mutual fund................................................... 69 69 - - Total assets measured at fair value on a recurring basis......... $ 94,704 $ 69 $ 94,635 $ - For financial assets measured at fair value on a nonrecurring basis, the fair value measurements by level within the fair value hierarchy used at December 31, 2016 and 2015 are as follows: Description Fair Value (Level 1) Quoted Prices in Active Markets for Identical Assets (Level 2) Significant Other Observable Inputs (Level 3) Significant Unobservable Inputs (Dollars in thousands) As of December 31, 2016: Impaired loans.......................................................................... $ 1,257 $ - $ - $ 1,257 Other real estate owned........................................................... 679 - - 679 Total assets measured at fair value on a nonrecurring basis..... $ 1,936 $ - $ - $ 1,936 As of December 31, 2015: Impaired loans.......................................................................... $ 3,699 $ - $ - $ 3,699 Other real estate owned........................................................... 935 - - 935 Total assets measured at fair value on a nonrecurring basis..... $ 4,634 $ - $ - $ 4,634 Management generally uses a discounted appraisal technique in valuing impaired assets, resulting in the discounting of the collateral values underlying each impaired asset. A discounted tax assessment rate has been applied for smaller assets to determine the discounted collateral value. All impaired loans are classified as Level 3 in the fair value hierarchy. Collateral may be real estate and / or business assets. Impaired loans are reviewed and evaluated on at least a quarterly basis for additional impairment. Quantitative information about Level 3 fair value measurements at December 31, 2016 is included in the table below: Fair Value Valuation Techniques Unobservable Inputs Estimated Ratings (Weighted Average) (3) (Dollars in thousands) Impaired loans $ 1,257 Appraisal of real estate collateral (1) Appraisal adjustments(2) 0%-25% (4.87%) Valuation of business assets used as collateral(1) Valuation adjustments(2) 0%-80% (75.32%) Liquidation expenses 0%-10% (8.01%) Other real estate owned $ 679 Appraisal of collateral(1) Appraisal adjustments(2) 0% (0.00%) Liquidation expenses 5%-7% (6.94%) Quantitative information about Level 3 fair value measurements at December 31, 2015 is included in the table below: Fair Value Valuation Techniques Unobservable Inputs Estimated Ratings (Weighted Average) (3) (Dollars in thousands) Impaired loans $ 3,699 Appraisal of real estate collateral (1) Appraisal adjustments(2) 0%-50% (4.75%) Valuation of business assets used as collateral(1) Valuation adjustments(2) 25%-30% Liquidation expenses 2%-10% (6.34%) Other real estate owned $ 935 Appraisal of collateral(1) Appraisal adjustments(2) 0%-25% (3.39%) Liquidation expenses 7%-8.5% (8.38%) (1) Fair Value is generally determined through independent appraisals of the underlying collateral, which include Level 3 inputs that are not identifiable. (2) Appraisals may be adjusted by management for qualitative factors such as economic conditions and estimated liquidation expenses. (3) The range and weighted average of qualitative factors such as economic conditions and estimated liquidation expenses are presented as a percent of the appraised value. Valuation of real estate collateral may be discounted based on the age of the existing appraisal. Discounts are typically not taken for recent appraisals. Valuations related to business assets used as collateral are typically discounted more heavily due to the inherent level of uncertainty in determining the fair value of these types of assets. Liquidation costs relating to these assets are charged to expense. Other real estate owned measured at fair value on a nonrecurring basis consists of properties acquired as a result of accepting a deed in lieu of foreclosure, foreclosure or through other means related to collateral on Bank loans which resulted in a gain or loss recognized during the period. Costs relating to the development or improvement of assets are capitalized and costs relating to holding the property are charged to expense. At December 31, 2016 and 2015, the fair value of other real estate owned consists of balances of $1.2 million and $1.3 million, respectively, net of valuation allowances of $520 thousand, and $404 thousand, respectively. Fair value is generally determined based upon independent third-party appraisals of the property. Real estate properties acquired through, or in lieu of, foreclosure are to be sold and are carried at fair value less estimated cost to sell. Fair value is based upon independent market prices or appraised value of the property. These assets are included in Level 3 fair value based upon the lowest level of input that is significant to the fair value measurement. The following information should not be interpreted as an estimate of the fair value of the entire Company since a fair value calculation is only provided for a limited portion of the Company’s assets and liabilities. Due to a wide range of valuation techniques and the degree of subjectivity used in making the estimates, comparisons between the Company’s disclosures and those of other companies may not be meaningful. The following methods and assumptions were used to estimate the fair values of the Company’s financial instruments at December 31, 2016 and 2015: Cash and Cash Equivalents The carrying amounts reported in the balance sheet for cash and short-term instruments approximate those assets’ fair values. Securities The fair value of securities available for sale (carried at fair value) and held to maturity (carried at amortized cost) are determined by obtaining quoted market prices on nationally recognized securities exchanges (Level 1), or matrix pricing (Level 2), which is a mathematical technique used widely in the industry to value debt securities without relying exclusively on quoted market prices for the specific securities but rather by relying on the securities’ relationship to other benchmark quoted prices. Loans Receivable The fair values of loans are estimated using discounted cash flow analyses, using market rates at the balance sheet date that reflect the credit and interest rate-risk inherent in the loans. Projected future cash flows are calculated based upon contractual maturity or call dates, projected repayments and prepayments of principal. Impaired Loans Impaired loans, which are included in loans receivable, are those that are accounted for under FASB ASC Topic 310, “Receivables” , Restricted Investment in Bank Stock The carrying amount of restricted investment in bank stock approximates fair value, and considers the limited marketability of such securities. Accrued Interest Receivable and Payable The carrying amount of accrued interest receivable and accrued interest payable approximates fair value. Deposit Liabilities The fair values disclosed for demand deposits (interest and noninterest checking), money market and savings accounts are, by definition, equal to the amount payable on demand at the reporting date (i.e., their carrying amounts). Fair values for fixed-rate certificates of deposit are estimated using a discounted cash flow calculation that applies interest rates currently being offered in the market to the maturities of the time deposits. Short-Term Borrowings The carrying amounts of short-term borrowings approximate their fair values. Long-Term Debt Fair values of FHLB advances are estimated using discounted cash flow analysis, based on quoted prices for new FHLB advances with similar credit risk characteristics, terms and remaining maturity. These prices obtained from this active market represent a market value that is deemed to represent the transfer price if the liability were assumed by a third party. Subordinated Debt The fair values of subordinated debt has been estimated using discounted cash flow calculation taking into account contractual maturities, call features, and market interest rates for instruments with similar financial and credit characteristics. These instruments are classified within Level 2 of the fair value hierarchy. Off-Balance Sheet Financial Instruments Fair values for the Company’s off-balance sheet financial instruments (lending commitments and letters of credit) are based on fees currently charged in the market to enter into similar agreements, taking into account, the remaining terms of the agreements and the counterparties’ credit standing. At December 31, 2016 and 2015, the estimated fair values of the Company’s financial instruments were as follows: December 31, 2016 Carrying Amount Fair Value Level 1 Level 2 Level 3 (Dollars in thousands) Assets: Cash and cash equivalents.................................. $ 4,761 $ 4,761 $ 4,761 $ - $ - Securities available for sale................................. 70,560 70,560 2,995 67,565 - Securities held to maturity................................. 19,043 19,584 - 19,584 - Loans receivable, net.......................................... 484,913 490,890 - - 490,890 Restricted stock................................................. 3,257 3,257 - 3,257 - Accrued interest receivable................................ 1,817 1,817 - 1,817 - Liabilities: Deposits............................................................. 467,688 467,616 - 467,616 - Federal Home Loan Bank of Pittsburgh advances 68,164 68,157 - 68,157 - Subordinated debt.............................................. 9,207 9,273 - 9,273 - Accrued interest payable................................... 510 510 - 510 - Off-balance sheet credit related instruments: Commitments to extend credit........................... - - - - - December 31, 2015 Carrying Amount Fair Value Level 1 Level 2 Level 3 (Dollars in thousands) Assets: Cash and cash equivalents....................................... $ 5,909 $ 5,909 $ 5,909 $ - $ - Securities available for sale...................................... 94,704 94,704 69 94,635 - Securities held to maturity...................................... 19,886 20,446 - 20,446 - Loans receivable, net............................................... 406,358 413,187 - - 413,187 Restricted stock....................................................... 3,368 3,368 - 3,368 - Accrued interest receivable...................................... 1,623 1,623 - 1,623 - Liabilities: Deposits.................................................................. 408,687 409,029 - 409,029 - Federal Home Loan Bank of Pittsburgh advances... 74,725 74,654 - 74,654 - Subordinated debt.................................................... 9,201 9,201 - 9,201 - Accrued interest payable......................................... 450 450 - 450 - Off-balance sheet credit related instruments: Commitments to extend credit................................ - - - - -

Parent Company Only Financial I

Parent Company Only Financial Information	12 Months Ended
	Dec. 31, 2016
Condensed Financial Information Of Parent Company Only Disclosure [Abstract]
Parent Company Only Financial Information	Note 19—Parent Company Only Financial Information Condensed financial statements of First Priority Financial Corp. follow: CONDENSED BALANCE SHEETS December 31, 2016 2015 (Dollars in thousands) Assets Cash and cash equivalents....................................... $ 243 $ 6,411 Investment in subsidiary.......................................... 47,454 45,406 Deferred taxes............................................................. 349 295 Other assets................................................................ 32 28 Total assets............................................................. $ 48,078 $ 52,140 Liabilities and shareholders' equity Other liabilities............................................................ 32 49 Shareholders' equity.................................................. 48,046 52,091 Total liabilities and shareholders' equity............ $ 48,078 $ 52,140 CONDENSED INCOME STATEMENTS For the year ended December 31, 2016 2015 (Dollars in thousands) Dividend income from subsidiary, net of dividends paid by Bank.... $ 407 $ 801 Interest from subsidiary........................................................................... 2 1 Total income....................................................................................... 409 802 Non-interest expenses...................................................................... 161 169 Income before taxes and equity in undistributed net income of subsidiary 248 633 Federal income tax benefit........................................................................ (54) (57) Income before equity in undistributed net income of subsidiary...... 302 690 Equity in undistributed net income of subsidiary................................ 1,998 1,422 Net income.......................................................................................... $ 2,300 $ 2,112 STATEMENTS OF COMPREHENSIVE INCOME For the year ended December 31, 2016 2015 (Dollars in thousands) Net income............................................................................................................................... $ 2,300 $ 2,112 Other comprehensive (loss) income: Securities available for sale: Change in unrealized gain on securities available for sale........................................... 405 660 Reclassification adjustment for realized gains included in net income...................... (795 ) (259 ) Tax effect............................................................................................................................. 133 (137 ) Net (losses) gains arising during the period.................................................................. (257 ) 264 Net unrealized holding losses on securities transferred between available for sale and held to maturity: Amortization of net unrealized holding losses to income during the period……………………………………..…….…………………………………… (31 ) (34 ) Tax effect............................................................................................................................. 10 12 Net unrealized holding losses on securities transferred during the period............... (21 ) (22 ) Total other comprehensive (loss) income...................................................................... (278 ) 242 Total comprehensive income................................................................................................ $ 2,022 $ 2,354 CONDENSED STATEMENTS OF CASH FLOWS For the year ended December 31, 2016 2015 (Dollars in thousands) Operating activities: Net income.............................................................................................................................. $ 2,300 $ 2,112 Adjustments to reconcile net income to net cash provided by operating activities: Equity in undistributed net income of subsidiary, net of dividends from Bank...... (2,326 ) (1,750 ) Stock based compensation distribution from Bank..................................................... 328 328 Deferred income tax benefit............................................................................................. (54 ) (57 ) Net increase in other assets............................................................................................. (4 ) - Net increase (decrease) in other liabilities..................................................................... 2 (20 ) Net cash provided by operating activities................................................................ 246 613 Investing activities: Common stock repurchase by subsidiary..................................................................... - 6,000 Net cash provided by investing activities................................................................. - 6,000 Financing activities: Redemptions of preferred stock...................................................................................... (6,000 ) - Proceeds from the exercise of common stock options................................................. 12 - Cash dividends paid on preferred stock........................................................................ (426 ) (788 ) Net cash used in financing activities......................................................................... (6,414 ) (788 ) Net increase (decrease) in cash................................................................................... (6,168 ) 5,825 Cash and cash equivalents at beginning of the period................................................... 6,411 586 Cash and cash equivalents at end of period..................................................................... $ 243 $ 6,411

Summary of Significant Accoun28

Summary of Significant Accounting Policies (Policies)	12 Months Ended
	Dec. 31, 2016
Accounting Policies [Abstract]
Organization and Nature of Operations	Organization and Nature of Operations First Priority Financial Corp. First Priority Financial Corp. (“First Priority”, the “Company”) is a bank holding company incorporated under the laws of the Commonwealth of Pennsylvania on February 13, 2007. On May 11, 2007, as a result of a reorganization and merger, First Priority Bank (the “Bank”) became a wholly-owned subsidiary of First Priority. First Priority, primarily through the Bank, serves residents and businesses in the Delaware Valley with branches in Berks, Bucks, Chester and Montgomery counties in Pennsylvania. The Bank, is headquartered in Malvern, PA, has seven retail branch office locations and one loan production office and is a locally managed community bank providing commercial banking products, primarily loans and deposits. First Priority provides banking services through the Bank and does not engage in any activities other than banking and related activities. As of December 31, 2016, First Priority had total assets of $597.8 million and total shareholders’ equity of $48.0 million. The Bank The Bank is a state-chartered commercial banking institution which was incorporated under the laws of the Commonwealth of Pennsylvania on May 25, 2005. The Bank’s deposits are insured by the FDIC up to the maximum amount permitted for all banks. The Bank engages in a full service commercial and consumer banking business with strong private banking and individual wealth management services. The Bank offers a variety of consumer, private banking and commercial loans, mortgage products and commercial real estate financing. The Company’s operations are significantly affected by prevailing economic conditions, competition, and the monetary, fiscal, and regulatory policies of governmental agencies. Lending activities are influenced by a number of factors, including the general credit needs of individuals and small and medium-sized businesses in the Company’s market area, competition, the current regulatory environment, the level of interest rates, and the availability of funds. Deposit flows and costs of funds are influenced by prevailing market rates of interest, competition, account maturities, and the level of personal income and savings in the market area. The Bank also offers certain financial planning and investment management services. These investment services are provided by First Priority Financial Services, a Division of First Priority Bank, through third party providers. In addition, the Bank has entered into solicitation agreements with several investment advisors to provide portfolio management services to customers of the Bank. The Bank currently seeks deposits and commercial and private banking relationships through its banking offices. The Bank provides deposit products that include checking, money market and savings accounts, and certificates of deposit as well as other deposit services, including cash management electronic banking and mobile products as well as online account opening capabilities. The Bank obtains funding in the local community by providing excellent service and competitive rates to its customers and utilizes various advertising to attract current and potential deposit customers. The Bank also uses brokered certificates of deposit as a cost effective funding alternative.
Basis of Presentation	Basis of Presentation The accompanying consolidated financial statements consist of the Company and the Company’s wholly owned consolidated subsidiary, the Bank. All significant intercompany accounts and transactions have been eliminated in consolidation. These statements are prepared in accordance with accounting principles generally accepted in the United States (“GAAP”).
Subsequent Events	Subsequent Events Management has evaluated events and transactions occurring subsequent to December 31, 2016 for items that should potentially be recognized or disclosed in these Consolidated Financial Statements. The evaluation was conducted through the date these financial statements were issued.
Estimates	Estimates The preparation of 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 at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. Material estimates that are particularly susceptible to significant change in the near term relate to the determination of the allowance for loan losses, stock-based compensation, impairment of goodwill, impairment of investments, the valuation of deferred tax assets and the valuation of other real estate owned.
Significant Group Concentrations of Credit Risk	Significant Group Concentrations of Credit Risk Most of the Company’s activities are with customers located within the western and northwestern suburbs surrounding Philadelphia. Note 4 of the Notes to Consolidated Financial Statements discusses the types of securities in which the Company currently invests. Note 5 discusses the types of lending in which the Company engages. Although the Company intends to have a diversified loan portfolio, its debtors’ ability to honor their contracts will be influenced by the region’s economy. The Company’s investment portfolio consists principally of obligations of the United States and its agencies and obligations of states and political subdivisions. In the opinion of management, there is no concentration of credit risk in its investment portfolio. The Company places deposits in correspondent accounts and, on occasion, sells Federal funds to qualified financial institutions. Management believes credit risk associated with correspondent accounts and with Federal funds sold is not significant. Therefore, management believes that these particular practices do not subject the Company to unusual credit risk.
Cash and Cash Equivalents	Cash and Cash Equivalents For purposes of reporting cash flows, cash and cash equivalents include cash on hand, amounts due from banks, Federal funds sold and short-term money market securities. Generally, Federal funds are purchased or sold for one day periods. Short-term investments are generally purchased with a maturity date of less than three months. The Company is required to maintain cash reserves that are considered restrictions on cash and cash equivalents which consist of required reserves with the Federal Reserve Bank, related to our deposit liabilities. At December 31, 2016 and 2015, these reserve balances were $1.9 million and $1.1 million, respectively.
Securities	Securities Management determines the appropriate classification of debt securities at the time of purchase and re-evaluates such designation as of each balance sheet date. Securities classified as available for sale are those securities that the Company intends to hold for an indefinite period of time, but not necessarily to maturity. Available for sale securities are carried at fair value. Unrealized gains and losses on available for sale investment securities are reported as increases or decreases in other comprehensive income as a component of shareholders’ equity. Realized gains or losses, determined on the basis of the cost of the specific securities sold, are included in earnings. Premiums and discounts are recognized in interest income using the interest method over the term of each security. Any decision to sell a security classified as available for sale would be based on various factors, including significant movements, or anticipated movements in interest rates, changes in the maturity mix of the Company’s assets and liabilities, liquidity needs, regulatory capital considerations and other similar factors. Securities classified as held to maturity are those debt securities the Company has both the intent and ability to hold to maturity regardless of changes in market conditions, liquidity needs or changes in general economic conditions. These securities are carried at cost adjusted for the amortization of premium and accretion of discount, computed by a method which approximates the interest method over the terms of the securities. Transfer of securities into held to maturity from available for sale are made at fair value at the date of transfer. The unrealized gain/loss at date of transfer is retained in other comprehensive income, and in the current value of the held to maturity securities. Such amounts are amortized over the remaining life of the security. In estimating other-than-temporary impairment losses, management considers (1) the length of time and the extent to which the fair value has been less than cost; (2) the financial condition and near-term prospects of the issuer; and (3) the intent and ability of the Company to retain its investment in the issuer for a period of time sufficient to allow for any anticipated recovery in fair value. When a determination is made that an other-than-temporary impairment exists but the Company does not intend to sell the debt security and it is more likely than not that it will not be required to sell the debt security prior to its anticipated recovery, the other-than-temporary impairment is separated into (a) the amount of the total other-than-temporary impairment related to a decrease in cash flows expected to be collected from the debt security (the credit loss) and (b) the amount of the total other-than-temporary impairment related to all other factors. The amount of the total other-than-temporary impairment related to the credit loss is recognized in earnings. The amount of the total other-than-temporary impairment related to all other factors is recognized in other comprehensive income (loss).
Restricted Investments in Bank Stocks	Restricted Investments in Bank Stocks Restricted investments in bank stocks, which represents the required investment in the common stock of correspondent banks, are carried at cost and consist of stock of the Federal Home Loan Bank of Pittsburgh (“FHLB”) and Atlantic Community Bancshares, Inc. Federal law requires a member institution of the FHLB to hold FHLB stock according to a predetermined formula. Management’s determination of whether these investments are impaired is based on their assessment of the ultimate recoverability of their cost rather than by recognizing temporary declines in value.
Loans Receivable	Loans Receivable Loans receivable that management has the intent and ability to hold for the foreseeable future or until maturity or payoff are stated at their outstanding unpaid principal balances, net of an allowance for loan losses and any deferred fees or costs. Interest income is accrued on the unpaid principal balance. Loan origination fees, net of certain direct origination costs, are deferred and recognized as an adjustment of the yield (interest income) by the interest method based on the contractual terms of the related loans, or if the commitment expires unexercised, recognized in income upon expiration. The loans receivable portfolio is segmented into commercial, residential mortgage loans and consumer loans. Commercial loans consist of the following classes: commercial and industrial, commercial construction and commercial mortgage loans. Consumer loans consist of home equity lines of credit and all other consumer loans. The accrual of interest is discontinued when the contractual payment of principal or interest has become 90 days past due or management has serious doubts about further collectability of principal or interest, even though the loan is currently performing. A loan may remain on accrual status if it is in the process of collection and is either guaranteed or well secured. When a loan is placed on nonaccrual status, unpaid interest credited to income in the current year is reversed and unpaid interest accrued in prior years is charged against the allowance for loan losses. Interest received on nonaccrual loans is generally either applied against principal or reported as interest income, according to management’s judgment as to the collectability of principal. Generally, loans are restored to accrual status when the obligation is brought current, has performed in accordance with the contractual terms for a reasonable period of time, and the ultimate collectability of the total contractual principal and interest is no longer in doubt. The past due status of all classes of loans receivable is determined based on contractual due dates for loan payments.
Acquired Loans	Acquired Loans Loans acquired as part of a full bank acquisition are initially recorded at their acquisition date fair values. The carryover of allowance for loan losses is prohibited as any credit losses in the loans are included in the determination of the fair value of the loans at the acquisition date. Fair values for acquired loans are based on a discounted cash flow methodology that involves assumptions and judgments as to credit risk, prepayment risk, liquidity risk, default rates, loss severity, payment speeds, collateral values and discount rate. Acquired loans that have evidence of deterioration in credit quality since origination and for which it is probable, at acquisition, that the Company will be unable to collect all contractually required payments are accounted for as impaired loans under ASC 310-30. The excess of cash flows expected at acquisition over the estimated fair value is referred to as the accretable discount and is recognized into interest income over the remaining life of the loans. The difference between contractually required payments at acquisition and the cash flows expected to be collected at acquisition is referred to as the non-accretable discount. The non-accretable discount represents estimated future credit losses expected to be incurred over the life of the loan. Subsequent decreases to the expected cash flows require the Company to evaluate the need for an allowance for loan losses on these loans. Subsequent improvements in expected cash flows result in the reversal of a corresponding amount of the non-accretable discount which the Company then reclassifies as an accretable discount that is recognized into interest income over the remaining life of the loans using the interest method. As of December 31, 2016, there were three remaining acquired purchased credit impaired loans with a net recorded balance of $215 thousand, after a non-accretable credit discount of $362 thousand. Acquired loans that met the criteria for non-accrual of interest prior to acquisition may be considered performing upon acquisition, or in the future, regardless of whether the customer is contractually delinquent, if the Company can reasonably estimate the timing and amount of the expected cash flows on such loans and if the Company expects to fully collect the new carrying value of the loans. As such, the Company may no longer consider the loan to be non-accrual or non-performing and may accrue interest on these loans, including the impact of any accretable discount. For acquired loans that are not deemed impaired at acquisition, credit discounts representing the principal losses expected over the life of the loan are a component of the initial fair value and amortized over the life of the asset. Subsequent to the acquisition date, the methods utilized to estimate the required allowance for loan losses for these loans is similar to originated loans, however, the Company records a provision for loan losses only when the required allowance exceeds any remaining pooled discounts for loans evaluated collectively for impairment. As of December 31, 2016, the net recorded balance of acquired loans resulting from the Affinity merger totaled $15.0 million. As of this same date, both the interest rate fair value adjustment and the accretable credit discount related to the loans acquired through the Affinity merger, were fully amortized. The Company also purchased portfolios of performing residential mortgage loans in 2014 through 2016, all of which were underwritten using similar underwriting standards as it uses for its organic portfolio. In August 2016, the Company purchased performing commercial loans from within the Bank’s market area. All acquisition premiums from the purchased loans will be recognized into interest income over the remaining life of the loans.
Allowance for Loan Losses	Allowance for Loan Losses The allowance for credit losses consists of the allowance for loan losses and the reserve for unfunded lending commitments. The allowance for loan losses represents management’s estimate of losses inherent in the loan portfolio as of the balance sheet date and is recorded as a reduction to loans. The reserve for unfunded lending commitments, totaling $35 thousand as of both December 31, 2016 and 2015, represents management’s estimate of losses inherent in its unfunded loan commitments and is recorded in other liabilities on the consolidated balance sheets. The allowance for loan losses is increased by the provision for loan losses, and decreased by charge-offs, net of recoveries. Loans deemed to be uncollectible are charged against the allowance for loan losses, and subsequent recoveries, if any, are credited to the allowance. All, or part, of the principal balance of loans receivable are charged off to the allowance as soon as it is determined that the repayment of all, or part, of the principal balance is highly unlikely. Because all identified losses are immediately charged off, no portion of the allowance for loan losses is restricted to any individual loan or groups of loans, and the entire allowance is available to absorb any and all loan losses. The allowance for loan losses is maintained at a level considered adequate to provide for losses that can be reasonably anticipated. Management performs a quarterly evaluation of the adequacy of the allowance. The allowance is based on the Company’s past loan loss experience, known and inherent risks in the portfolio, adverse situations that may affect the borrower’s ability to repay, the estimated value of any underlying collateral, composition of the loan portfolio, current economic conditions and other relevant factors. This evaluation is inherently subjective as it requires material estimates that may be susceptible to significant revision as more information becomes available. The allowance consists of specific, general and unallocated components. The specific component relates to loans that are classified as impaired. For loans that are 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. The general component covers pools of loans by loan class including commercial loans not considered impaired, as well as smaller balance homogeneous loans, such as residential real estate, home equity and other consumer loans. These pools of loans are evaluated for loss exposure based upon historical loss rates for each of these categories of loans, adjusted for qualitative factors. These qualitative risk factors include: 1. Lending policies and procedures, including underwriting standards and collection, charge-off, and recovery practices. 2. National, regional, and local economic and business conditions as well as the condition of various market segments, including the value of underlying collateral for collateral dependent loans. 3. Nature and volume of the portfolio and terms of loans. 4. Management team with experience, depth, and knowledge in banking and in many areas of lending. Each contributes to the sound credit culture and control within the Company. 5. Volume and severity of past due, classified and nonaccrual loans as well as other loan modifications. 6. The Company engages a third party to perform an independent review of the loan portfolio as a measure for quality and consistency in credit evaluation and credit decisions. 7. Existence and effect of any concentrations of credit and changes in the level of such concentrations. 8. Effect of external factors, such as competition and legal and regulatory requirements. Each factor is assigned a value to reflect improving, stable or declining conditions based on management’s best judgment using relevant information available at the time of the evaluation. Adjustments to the factors are supported through documentation of changes in conditions in a narrative accompanying the allowance for loan loss calculation. A majority of the Company’s loans are to business owners of many types. The Company makes commercial loans for real estate development and other business purposes required by our customers. The Company’s credit policies determine advance rates against the different forms of collateral that can be pledged against commercial loans. Typically, the majority of loans will be limited to a percentage of their underlying collateral values such as real estate values, equipment, eligible accounts receivable and inventory. Individual loan advance rates may be higher or lower depending upon the financial strength of the borrower and/or term of the loan. The assets financed through commercial loans are used within the business for its ongoing operation. Repayment of these kinds of loans generally comes from the cash flow of the business or the ongoing conversions of assets. Commercial real estate loans include long-term loans financing commercial properties. Repayment of this kind of loan is dependent upon either the ongoing cash flow of the borrowing entity or the resale of or lease of the subject property. Commercial real estate loans typically require a loan to value ratio of not greater than 80% and vary in terms. Residential mortgages and home equity loans are secured by the borrower’s residential real estate in either a first or second lien position. Residential mortgages and home equity loans have varying loan rates depending on the financial condition of the borrower and the loan to value ratio. Residential mortgages have amortizations up to 30 years and home equity loans have maturities of no more than 15 years. Residential mortgages and home equity loans typically require a loan to value ratio of not greater than 80%. Other consumer loans include installment loans, car loans, and overdraft lines of credit. The majority of these loans are secured. 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 by either the present value of expected future cash flows discounted at the loan’s effective interest rate or the fair value of the collateral if the loan is collateral dependent. An allowance for loan losses is established for an impaired loan if its carrying value exceeds its estimated fair value. The estimated fair values of substantially all of the Company’s impaired loans are measured based on the estimated fair value of the loan’s collateral. For commercial loans secured by real estate, estimated fair values are determined primarily through third-party appraisals. When a real estate secured loan becomes impaired, a decision is made regarding whether an updated certified appraisal of the real estate is necessary. This decision is based on various considerations, including the age of the most recent appraisal, the loan-to-value ratio based on the original appraisal and the condition of the property. Appraised values may be discounted to arrive at the estimated selling price of the collateral, which is considered to be the estimated fair value. The discounts also include estimated costs to sell the property. For commercial and industrial loans secured by non-real estate collateral, such as accounts receivable, inventory and equipment, estimated fair values are determined based on the borrower’s financial statements, inventory reports, accounts receivable aging or equipment appraisals or invoices. Indications of value from these sources are generally discounted based on the age of the financial information or the quality of the assets. The allowance calculation methodology includes further segregation of loan classes into risk rating categories. The borrower’s overall financial condition, repayment sources, guarantors and value of collateral, if appropriate, are evaluated annually for commercial loans or when credit deficiencies arise, such as delinquent loan payments, for commercial and consumer loans. Credit quality risk ratings include regulatory classifications of special mention, substandard, doubtful and loss. Loans criticized special mention have potential weaknesses that deserve management’s close attention. If uncorrected, the potential weaknesses may result in deterioration of the repayment prospects. Loans classified substandard have a well-defined weakness or weaknesses that jeopardize the liquidation of the debt. They include loans that are inadequately protected by the current sound net worth and paying capacity of the obligor or of the collateral pledged, if any. Loans classified doubtful have all the weaknesses inherent in loans classified substandard with the added characteristic that collection or liquidation in full, on the basis of current conditions and facts, is highly improbable. Loans classified as a loss are considered uncollectible and are charged to the allowance for loan losses. Loans not classified are rated pass. In addition, Federal regulatory agencies, as an integral part of their examination process, periodically review the Company’s allowance for loan losses and may require the Company to recognize additions to the allowance based on their judgments about information available to them at the time of their examination, which may not be currently available to management. Based on management’s comprehensive analysis of the loan portfolio, management believes the current level of the allowance for loan losses is adequate.
Troubled Debt Restructurings	Troubled Debt Restructurings Loans whose terms are modified are classified as troubled debt restructurings (“TDR”) if the Company grants such borrowers concessions and it is deemed that those borrowers are experiencing financial difficulty. Concessions granted under a TDR may be modified by means of extending the maturity date of the loan, reducing the interest rate on the loan to a rate which is below market, a combination of rate adjustments and maturity extensions, or by other means including covenant modifications, forbearances or other concessions. Generally, interest is not accrued on loans that were non-accrual prior to the TDR until they have performed in accordance with the modified terms for a period of at least six months; however, non-accrual TDR’s may be restored to accrual status if principal and interest payments, under the modified terms, are current for six consecutive months after modification. Loans classified as TDR’s are designated as impaired. TDR’s which are performing based on modified terms and conditions, which reflect the current market, may be reclassified from TDR status. Management evaluates the allowance for loan losses with respect to TDR’s under the same policy and guidelines as all other performing loans are evaluated with respect to the allowance for loan losses.
Transfers of Financial Assets	Transfers of Financial Assets Transfers of financial assets, including loan and loan participation sales, 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 Company; (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 Company does not maintain effective control over the transferred assets through an agreement to repurchase them before their maturity.
Other Real Estate Owned	Other Real Estate Owned Assets acquired through, or in lieu of, loan foreclosure are held for sale and generally are initially recorded at fair value less cost to sell at the date of foreclosure, establishing a new cost basis. Any write-down, at or prior to the dates the real estate is considered foreclosed, is charged to the allowance for loan losses. Subsequent to foreclosure, valuations are periodically performed by management and the assets are generally carried at the lower of carrying amount or fair value less cost to sell. Revenue and expenses from operations and changes in the valuation allowance (write-downs) are included in other non-interest expenses. Any gain or loss upon the sale of real estate owned is reflected in operations as incurred.
Premises and Equipment	Premises and Equipment Premises and equipment are stated at cost less accumulated depreciation. Premises and equipment in an acquisition or merger are recorded on acquisition date at fair value. Depreciation is computed on the straight-line method over the estimated useful lives of the related assets, ranging from 1 to 20 years beginning when the assets are placed in service. Buildings are depreciated from 14 to 20 years. Leasehold improvements are amortized over the term of the lease or estimated useful lives, whichever is shorter, ranging from 1 to 20 years. Furniture, fixtures and equipment are depreciated from 2 to 10 years, automobiles are depreciated from 3 to 5 years and computer equipment and data processing software are depreciated from 1 to 10 years. When assets are retired or otherwise disposed of, the cost and related accumulated depreciation are removed from the accounts and any gain or loss is reflected in income for the period. The cost of maintenance and repairs is charged to expense as incurred.
Bank Owned Life Insurance	Bank Owned Life Insurance The Bank invests in bank owned life insurance (“BOLI”) policies that provide earnings to help cover the cost of employee benefit plans. The Bank is the owner of the life insurance policies it purchased directly on the lives of certain officers of the Bank. These policies were issued as split dollar life insurance policies which provide for a portion of the death benefit to be paid to the beneficiaries of the officer while employed by the Bank or through change in control provisions. The policies are carried on the Company’s consolidated balance sheet at their cash surrender value and are subject to regulatory capital requirements. The determination of the cash surrender value includes a full evaluation of the contractual terms of each policy. Additionally, the Company periodically reviews the creditworthiness of the insurance company that has underwritten the policies. Earnings accruing to the Company are derived from the general account investments of the insurance companies. Increases in the net cash surrender value of BOLI policies and insurance proceeds received are not taxable and are recorded in non-interest income in the consolidated statement of income.
Employee Benefit Plans	Employee Benefit Plans The Company’s 401(k) plan allows eligible participants to set aside a certain percentage of their salaries before taxes. The Company may elect to match employee contributions up to a specified percentage of their respective salaries in an amount determined by the Board of Directors. The Company’s total matching contributions related to these plans resulted in expenses of $149 thousand and $138 thousand for the years ended December 31, 2016 and 2015, respectively.
Goodwill and Other Intangible Assets	Goodwill and Other Intangible Assets Goodwill represents the excess of the cost of an acquired entity over the fair value of the identifiable net assets acquired in accordance with the acquisition method of accounting. Goodwill is not amortized but is reviewed for potential impairment at the reporting unit level on an annual basis, or more often if events or circumstances indicate that there may be impairment. The company elects to perform a Step One Test impairment test on July 1st of each year, consisting of comparing the estimated fair value of the reporting unit to its book value of equity. Pursuant to ASC Topic 350-20, if the fair value of the reporting unit exceeds its book value, then the goodwill of the reporting unit is not considered impaired. However, if the book value of the reporting unit exceeds its fair value, there is potential for goodwill impairment and a Step Two Test analysis must be performed to determine the amount of the impairment loss. Based on the analysis completed, the fair value of the reporting unit, the Bank, exceeded its book value as of July 1, 2016 and, therefore, a Step Two analysis was not required. Any impairment loss related to goodwill and other intangible assets is reflected as other non-interest expense in the statement of operations in the period in which the impairment is determined. No assurance can be given that future impairment tests will not result in a charge to earnings. Core deposit and other intangible assets acquired in acquisitions are identified, recognized and amortized based upon the estimated economic benefits received.
Segment Information	Segment Information First Priority 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 of the Company supports the others. Lending activities are dependent upon the ability of the Company to fund itself with deposits and borrowings while managing the interest rate and credit risk. Accordingly, all significant operating decisions are based upon analysis of the Company as one segment or unit.
Advertising Costs	Advertising Costs The Company follows the policy of charging the costs of advertising to expense as incurred.
Income Taxes	Income Taxes Deferred taxes are provided on the liability method whereby deferred tax assets are recognized for deductible temporary differences and deferred tax liabilities are recognized for taxable temporary differences. Temporary differences are the differences between the reported amounts of assets and liabilities and their tax basis. Deferred tax assets and liabilities are adjusted for the effects of changes in tax laws and rates on the date of enactment. The Company files a consolidated federal income tax return with the Bank. The Company evaluates the carrying amount of its deferred tax assets on a quarterly basis or more frequently, if necessary, in accordance with the guidance provided in Financial Accounting Standards Board (FASB) Accounting Standards Codification (ASC) Topic 740 (ASC 740), in particular, applying the criteria set forth therein to determine whether it is more likely than not (i.e. a likelihood of more than 50%) that some portion, or all, of the deferred tax asset will not be realized within its life cycle, based on the weight of available evidence. If management makes a determination based on the available evidence that it is more likely than not that some portion or all of the deferred tax assets will not be realized in future periods a valuation allowance is calculated and recorded. These determinations are inherently subjective and dependent upon estimates and judgments concerning management’s evaluation of both positive and negative evidence. Judgment is required when considering the relative impact of such evidence. The weight given to the potential effect of positive and negative evidence must be commensurate with the extent to which it can be objectively verified. When determining the potential for a valuation allowance, the Company assessed the possible sources of taxable income available under tax law to realize a tax benefit for deductible temporary differences and carryforwards as defined in paragraph 740-10-30-18. The Company also considers tax planning strategies which could accelerate taxable income and allow the Company to take advantage of future deductible differences. The strategy must be prudent and feasible; however, the Company does not need to have specific plans to implement the strategy, but could be an opportunity that the Company could implement in order to take advantage of net operating loss carryforwards. The Company has adopted guidance on accounting for uncertainty in income taxes as presented in FASB ASC 740-10. A tax position is recognized as a benefit at the largest amount that is more-likely-than not to be sustained in a tax examination based solely on its merits. An uncertain tax position will not be recognized if it has a less than 50% likelihood of being sustained. Under the threshold guidelines, the Company believes no significant uncertain tax positions exist, either individually or in the aggregate, that would result in recognition of a liability for unrecognized tax benefits as of December 31, 2016 and December 31, 2015.
Earnings Per Common Share	Earnings Per Common Share Basic earnings per common share exclude dilution and are computed by dividing income available to common shareholders by the weighted average common shares and participating securities (restricted stock) outstanding during the period. Diluted earnings per common share take into account the potential dilution that could occur if securities or other contracts to issue common stock were exercised and converted into common stock. Proceeds assumed to have been received on such exercise or conversion, are assumed to be used to purchase shares of the Company’s common stock at the average market price during the period, as required by the “treasury stock method” of accounting. The effects of securities or other contracts to issue common stock are excluded from the computation of diluted earnings per share in periods in which the effect would be antidilutive.
Stock Options and Restricted Stock Grants	Stock Options and Restricted Stock Grants Compensation costs related to share-based payment transactions are recognized in the financial statements over the period that an employee provides service in exchange for the award. For the years ended December 31, 2016 and 2015, compensation expense related to outstanding stock options and restricted stock grants totaled $328 thousand and $327 thousand, respectively, which is included in salaries and employee benefits in the accompanying consolidated statements of operations. There was no tax benefit recognized related to this stock-based compensation. With the early adoption of the FASB issued ASU 2016-09, there was not a material impact on the consolidated financial statements and disclosures.
Comprehensive Income (Loss)	Comprehensive Income (Loss) Accounting principles generally accepted in the United States of America require that recognized revenue, expenses, gains and losses be included in net income. Although certain changes in assets and liabilities are reported as a separate component of the shareholders’ equity section of the balance sheet, such items, along with net income, are components of total comprehensive income. Total reclassifications from accumulated other comprehensive income (loss) for the periods presented are as follows: Details about Accumulated Other Comprehensive Income (Loss) Components Amounts Reclassified from Accumulated Other Comprehensive Income (Loss) Affected Line Item in the Statement where Net Income is Presented December 31, 2016 2015 (Dollars in thousands) Sale of investment securities available for sale $ (795) $ (259) Gains on sale of investment securities Amortization of net unrealized holding gains (losses) on securities transferred from available for sale to held to maturity (31) (34) Interest and dividend income on taxable securities Tax effect 281 97 Federal income tax expense Total reclassification $ (545) $ (196) Accumulated other comprehensive income (loss) at December 31, 2016 and 2015 consisted of the following: December 31, 2016 2015 (Dollars in thousands) Net unrealized gain (loss) on available for sale securities $ (50 ) $ 208 Net unrealized holding gains on securities transferred from available for sale to held to maturity 8 28 Total $ (42 ) $ 236
Off-Balance Sheet Financial Instruments	Off-Balance Sheet Financial Instruments In the ordinary course of business, the Company has entered into off-balance sheet financial instruments consisting of commitments to extend credit. Such financial instruments are recorded in the consolidated balance sheet when they are funded.
Recently Issued Accounting Standards	In May 2014, the FASB issued ASU 2014-09, deferred by ASU 2015-14, Revenue from Contracts with Customers (Topic 606). The amendments in this Update establish a comprehensive revenue recognition standard for virtually all industries under U.S. GAAP, including those that previously followed industry specific guidance such as the real estate, construction and software industries. The revenue standard’s core principle is built on the contract between a vendor and a customer for the provision of goods and services. It attempts to depict the exchange of rights and obligations between the parties in the pattern of revenue recognition based on the consideration to which the vendor is entitled. To accomplish this objective, the standard requires five basic steps: i) identify the contract with the customer, (ii) identify the performance obligations in the contract, (iii) determine the transaction price, (iv) allocate the transaction price to the performance obligations in the contract, and (v) recognize revenue when (or as) the entity satisfies a performance obligation. The amendments are effective for annual periods, and interim reporting periods within those annual periods, beginning after December 15, 2017. Early adoption is permitted. Management does not believe the adoption of ASU 2014-09 will have a significant impact on the Company’s Consolidated Financial Statements but will continue to evaluate. In January 2016, the FASB issued Accounting Standards Update 2016-01, “Financial Instruments - Overall (Subtopic 825-10): Recognition and Measurement of Financial Assets and Financial Liabilities” (“ASU 2016-01”). ASU 2016-01 changes current U.S. GAAP for public entities by requiring the following, among others: (1) equity securities, except those accounted for under the equity method of accounting, to be measured at fair value with changes in fair value recognized in net income; (2) the use of the exit price when measuring fair value of financial instruments for disclosure purposes; (3) an entity to present separately in other comprehensive income the portion of the total change in the fair value of a liability resulting from a change in the instrument-specific credit risk when the entity has elected to measure the liability at fair value; and (4) separate presentation of financial assets and financial liabilities by measurement category and form of financial asset on the balance sheet or notes to the financial statements. ASU 2016-01 is effective for annual periods beginning after December 15, 2017, including interim periods. Early application is permitted. The Company is currently assessing the impact the adoption of ASU 2016-01 will have on future financial statements and disclosures. In February 2016, the FASB issued Accounting Standards Update ("ASU") No. 2016-02, Leases. In March 2016, the FASB issued ASU 2016-09, “Improvements to Employee Share-Based Payment Accounting.” This ASU simplifies several aspects of the accounting for employee share-based payment transactions, including the income tax consequences, classification of awards as either equity or liabilities, and classification on the statement of cash flows. For public business entities, this ASU is effective for financial statements issued for fiscal years beginning after December 15, 2016, and interim periods therein. With the early adoption, the Company, did not have a material impact on the consolidated financial statements and disclosures. In June 2016, the FASB issued ASU 2016-13, “Financial Instruments – Credit Losses (Topic 326).” The main objective of this Update is to provide financial statement users with more decision-useful information about the expected credit losses on financial instruments and other commitments to extend credit held by a reporting entity at each reporting date. The amendments in this Update replace the incurred loss impairment methodology in current GAAP with a methodology that reflects expected credit losses and requires consideration of a broader range of reasonable and supportable information to inform credit loss estimates. For public business entities, this ASU is effective for financial statements issued for fiscal years beginning after December 15, 2019, and interim periods therein. Early adoption is permitted. The Company is evaluating the impact of this ASU on its consolidated financial statements and disclosures. In August 2016, the FASB issued ASU 2016-15, “Classification of Certain Cash Receipts and Cash Payments.” This ASU clarifies how certain cash receipts and cash payments are presented in the statement of cash flows. This update addresses eight specific cash flow issues with the objective of reducing the existing diversity in practice. For public business entities this ASU is effective for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2017. Early adoption is permitted. The Company is evaluating the impact of this ASU on its consolidated financial statements and disclosures.

Summary of Significant Accoun29

Summary of Significant Accounting Policies (Tables)	12 Months Ended
	Dec. 31, 2016
Accounting Policies [Abstract]
Schedule of Total Reclassifications from Accumulated Other Comprehensive Income (Loss)	Total reclassifications from accumulated other comprehensive income (loss) for the periods presented are as follows: Details about Accumulated Other Comprehensive Income (Loss) Components Amounts Reclassified from Accumulated Other Comprehensive Income (Loss) Affected Line Item in the Statement where Net Income is Presented December 31, 2016 2015 (Dollars in thousands) Sale of investment securities available for sale $ (795) $ (259) Gains on sale of investment securities Amortization of net unrealized holding gains (losses) on securities transferred from available for sale to held to maturity (31) (34) Interest and dividend income on taxable securities Tax effect 281 97 Federal income tax expense Total reclassification $ (545) $ (196)
Schedule of Accumulated Other Comprehensive Income (Loss)	Accumulated other comprehensive income (loss) at December 31, 2016 and 2015 consisted of the following: December 31, 2016 2015 (Dollars in thousands) Net unrealized gain (loss) on available for sale securities $ (50 ) $ 208 Net unrealized holding gains on securities transferred from available for sale to held to maturity 8 28 Total $ (42 ) $ 236

Earnings Per Common Share (Tabl

Earnings Per Common Share (Tables)	12 Months Ended
	Dec. 31, 2016
Earnings Per Share [Abstract]
Schedule of Calculations of Basic and Diluted Earnings per Common Share	The calculations of basic and diluted earnings per common share are presented below for the years ended December 31, 2016 and 2015: For the year ended December 31, 2016 2015 (In thousands, except per share information) Net income....................................................................................... $ 2,300 $ 2,112 Less: preferred stock dividends.................................................... (407 ) (801 ) Income to common shareholders.................................................. $ 1,893 $ 1,311 Average basic common shares outstanding.............................. 6,514 6,469 Effect of dilutive stock options..................................................... 56 69 Average number of common shares used to calculate diluted earnings per common share…………..…... 6,570 6,538 Basic earnings per common share................................................ $ 0.29 $ 0.20 Diluted earnings per common share............................................. $ 0.29 $ 0.20
Schedule of Amount of Preferred Stock Dividends Related to Each Series of Preferred Stock	The amount of preferred stock dividends related to each series of preferred stock are presented below for the years ended December 31, 2016 and 2015: For the year ended December 31, 2016 2015 (Dollars in thousands) Preferred dividends: Preferred Series A............................................................... $ 77 $ 412 Preferred Series B................................................................ 4 21 Preferred Series C................................................................ 326 368 Total preferred dividends ................................................. $ 407 $ 801

Securities (Tables)

Securities (Tables)	12 Months Ended
	Dec. 31, 2016
Investments Debt And Equity Securities [Abstract]
Summary of Amortized Cost, Unrealized Gains and Losses, and Estimated Fair Value of Company's Investment Securities Available for Sale	The amortized cost, unrealized gains and losses, and the fair value of the Company’s investment securities available for sale and held to maturity are as follows for the periods presented: December 31, 2016 Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Estimated Fair Value (Dollars in thousands) Available For Sale: Obligations of U.S. government agencies and corporations.................. $ 45,984 $ 8 $ (5) $ 45,987 Obligations of states and political subdivisions.................................... 6,103 46 (10) 6,139 Federal agency mortgage-backed securities........................................... 13,863 33 (176) 13,720 Federal agency collateralized mortgage obligations............................... 190 - (1) 189 Other debt securities............................................................................. 1,500 30 - 1,530 Money market mutual fund.................................................................. 2,995 - - 2,995 Total investment securities available for sale.................................. $ 70,635 $ 117 $ (192) $ 70,560 Held To Maturity: Obligations of states and political subdivisions.................................... $ 18,561 $ 561 $ (33) $ 19,089 Other debt securities............................................................................. 482 13 - 495 Total held to maturity..................................................................... $ 19,043 $ 574 $ (33) $ 19,584 December 31, 2015 Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Estimated Fair Value (Dollars in thousands) Available For Sale: Obligations of U.S. government agencies and corporations.................. $ 62,967 $ - $ (63) $ 62,904 Obligations of states and political subdivisions.................................... 13,964 398 (15) 14,347 Federal agency mortgage-backed securities........................................... 17,042 87 (91) 17,038 Federal agency collateralized mortgage obligations............................... 347 - (1) 346 Money market mutual fund.................................................................. 69 - - 69 Total investment securities available for sale.................................. $ 94,389 $ 485 $ (170) $ 94,704 Held To Maturity: Obligations of states and political subdivisions.................................... $ 19,405 $ 597 $ (47) $ 19,955 Other debt securities............................................................................. 481 10 - 491 Total held to maturity..................................................................... $ 19,886 $ 607 $ (47) $ 20,446
Schedule of Aggregate Unrealized Losses and Aggregate Fair Value of Underlying Securities Available for Sale	The table below details the aggregate unrealized losses and aggregate fair value of the underlying securities whose fair values are below their amortized cost at December 31, 2016 and 2015. As of December 31, 2016 Less than 12 Months 12 Months or longer Total Fair Value Unrealized Losses Count Fair Value Unrealized Losses Count Fair Value Unrealized Losses Count (Dollars in thousands) Available for Sale: Obligations of U.S. government agencies and corporations $ 3,984 $ (5) 4 $ - $ - - $ 3,984 $ (5) 4 Obligations of states and political subdivisions - - - 872 (10) 1 872 (10) 1 Federal agency mortgage-backed securities 10,667 (175) 11 39 (1) 1 10,706 (176) 12 Federal agency collateralized mortgage obligations 159 (1) 1 - - - 159 (1) 1 Total Available for Sale............... $ 14,810 $ (181) 16 $ 911 $ (11) 2 $ 15,721 $ (192) 18 Held to Maturity: Obligations of states and political subdivisions $ 2,289 $ (33) 7 $ - $ - - $ 2,289 $ (33) 7 Total Held to Maturity.......... $ 2,289 $ (33) 7 $ - $ - - $ 2,289 $ (33) 7 As of December 31, 2015 Less than 12 Months 12 Months or longer Total Fair Value Unrealized Losses Count Fair Value Unrealized Losses Count Fair Value Unrealized Losses Count (Dollars in thousands) Available for Sale: Obligations of U.S. government agencies and corporations $ 12,905 $ (63) 11 $ - $ - - $ 12,905 $ (63) 11 Obligations of states and political subdivisions 2,780 (15) 7 - - - 2,780 (15) 7 Federal agency mortgage-backed securities 4,276 (46) 3 2,304 (45) 2 6,580 (91) 5 Federal agency collateralized mortgage obligations 220 (1) 1 - - - 220 (1) 1 Total Available for Sale............... $ 20,181 $ (125) 22 $ 2,304 $ (45) 2 $ 22,485 $ (170) 24 Held to Maturity: Obligations of states and political subdivisions $ 2,373 $ (47) 5 $ - $ - - $ 2,373 $ (47) 5 Total Held to Maturity.......... $ 2,373 $ (47) 5 $ - $ - - $ 2,373 $ (47) 5
Summary of Amortized Cost and Fair Value of Securities by Contractual Maturity	The amortized cost and fair value of securities as of December 31, 2016 by contractual maturity are shown below. Certain of these investment securities have call features which allow the issuer to call the security prior to its maturity date at the issuer’s discretion. December 31, 2016 Available for Sale Securities Held to Maturity Amortized Cost Fair Value Amortized Cost Fair Value (Dollars in thousands) Due within one year................................................ $ 39,999 $ 40,000 $ - $ - Due after one year through five years..................... 6,867 6,859 797 786 Due after five years through ten years.................... 1,500 1,530 1,077 1,099 Due after ten years.................................................. 5,221 5,267 17,169 17,699 53,587 53,656 19,043 19,584 Federal agency collateralized mortgage obligations.. 190 189 - - Federal agency mortgage-backed securities……….. 13,863 13,720 - - Money market mutual fund..................................... 2,995 2,995 - - Total............................................................ $ 70,635 $ 70,560 $ 19,043 $ 19,584

Loans Receivable and Related 32

Loans Receivable and Related Allowance for Loan Losses (Tables)	12 Months Ended
	Dec. 31, 2016
Receivables [Abstract]
Summary of Loans Receivable	Loans receivable consist of the following at December 31, 2016 and 2015. December 31, 2016 2015 (Dollars in thousands) Commercial: Commercial and industrial................................ $ 89,625 $ 74,470 Commercial mortgage....................................... 223,315 179,365 Commercial construction................................. 22,408 13,466 Total commercial.......................................... 335,348 267,301 Residential mortgage loans............................ 110,538 101,185 Consumer: Home equity lines of credit.............................. 24,669 24,762 Other consumer loans...................................... 17,514 15,915 Total consumer............................................. 42,183 40,677 Total........................................................... 488,069 409,163 Allowance for loan losses............................... (3,330) (2,795) Net deferred loan cost (fees)........................... 174 (10) Total loans receivable, net $ 484,913 $ 406,358
Activity in Allowance for Loan Losses by Loan Class	The following tables summarize the activity in the allowance for loan losses by loan class for the years ended December 31, 2016 and 2015: For the year ended December 31, 2016 Allowance for Loan Losses (Dollars in thousands) Beginning Balance Charge-offs Recoveries Provision for loan losses Ending Balance Commercial and industrial $ 631 $ (75) $ 21 $ 70 $ 647 Commercial mortgage 831 (72) 2 290 1,051 Commercial construction 56 - - 57 113 Residential mortgage loans 259 - - 193 452 Home equity lines of credit 167 - 9 12 188 Other consumer loans 84 (75) 15 73 97 Unallocated 767 - - 15 782 Total $ 2,795 $ (222) $ 47 $ 710 $ 3,330 For the year ended December 31, 2015 Allowance for Loan Losses (Dollars in thousands) Beginning Balance Charge-offs Recoveries Provision for loan losses Ending Balance Commercial and industrial $ 788 $ (46) $ 13 $ (124) $ 631 Commercial mortgage 468 (149) - 512 831 Commercial construction 26 - - 30 56 Residential mortgage loans 159 (15) - 115 259 Home equity lines of credit 270 (12) 103 (194) 167 Other consumer loans 87 (38) 16 19 84 Unallocated 515 - - 252 767 Total $ 2,313 $ (260) $ 132 $ 610 $ 2,795
Allowance For Loan Losses Impairment Method	The following tables present the balance in the allowance for loan losses at December 31, 2016 and 2015 disaggregated on the basis of the Company’s impairment method by class of loans receivable along with the balance of loans receivable by class disaggregated on the basis of the Company’s impairment methodology: December 31, 2016 Allowance for Loan Losses Loans Receivables (Dollars in thousands) Ending Balance Ending Balance Individually Evaluated for Impairment Ending Balance Collectively Evaluated for Impairment Ending Balance Ending Balance Individually Evaluated for Impairment Ending Balance Collectively Evaluated for Impairment Commercial and industrial..... $ 647 $ - $ 647 $ 89,625 $ 705 $ 88,920 Commercial mortgage............. 1,051 - 1,051 223,315 6 223,309 Commercial construction....... 113 - 113 22,408 - 22,408 Residential mortgage loans..... 452 47 405 110,538 637 109,901 Home equity lines of credit... 188 - 188 24,669 14 24,655 Other consumer loans............ 97 - 97 17,514 51 17,463 Unallocated............................ 782 - 782 - - - Total...................................... $ 3,330 $ 47 $ 3,283 $ 488,069 $ 1,413 $ 486,656 December 31, 2015 Allowance for Loan Losses Loans Receivables (Dollars in thousands) Ending Balance Ending Balance Individually Evaluated for Impairment Ending Balance Collectively Evaluated for Impairment Ending Balance Ending Balance Individually Evaluated for Impairment Ending Balance Collectively Evaluated for Impairment Commercial and industrial..... $ 631 $ 123 $ 508 $ 74,470 $ 1,259 $ 73,211 Commercial mortgage............. 831 264 567 179,365 2,196 177,169 Commercial construction....... 56 - 56 13,466 - 13,466 Residential mortgage loans..... 259 46 213 101,185 669 100,516 Home equity lines of credit... 167 - 167 24,762 96 24,666 Other consumer loans............ 84 19 65 15,915 351 15,564 Unallocated............................ 767 - 767 - - - Total...................................... $ 2,795 $ 452 $ 2,343 $ 409,163 $ 4,571 $ 404,592
Summary of Impaired Loans by Loan Portfolio Class	The following tables summarize information in regard to impaired loans by loan portfolio class as of December 31, 2016 and 2015 as well as for the years then ended, respectively: December 31, 2016 December 31, 2015 Recorded Investment Unpaid Principal Balance Related Allowance Recorded Investment Unpaid Principal Balance Related Allowance (Dollars in thousands) With no related allowance recorded: Commercial and industrial................. $ 705 $ 1,268 $ - $ 317 $ 803 $ - Commercial mortgage........................ 6 57 - 1,463 1,530 - Commercial construction................... - - - - - - Residential mortgage loans................ - - - 31 64 - Home equity lines of credit............... 14 16 - 96 97 - Other consumer loans........................ 51 80 - 185 206 - With an allowance recorded: Commercial and industrial................. $ - $ - $ - $ 942 $ 995 $ 123 Commercial mortgage........................ - - - 733 850 264 Commercial construction................... - - - - - - Residential mortgage loans................ 637 637 47 638 638 46 Home equity lines of credit............... - - - - - - Other consumer loans........................ - - - 166 168 19 Total: Commercial and industrial................. $ 705 $ 1,268 $ - $ 1,259 $ 1,798 $ 123 Commercial mortgage........................ 6 57 - 2,196 2,380 264 Commercial construction................... - - - - - - Residential mortgage loans................ 637 637 47 669 702 46 Home equity lines of credit............... 14 16 - 96 97 - Other consumer loans........................ 51 80 - 351 374 19 Total........................................ $ 1,413 $ 2,058 $ 47 $ 4,571 $ 5,351 $ 452 For the year ended December 31, 2016 2015 Average Recorded Investment Interest Income Recognized Average Recorded Investment Interest Income Recognized (Dollars in thousands) With no related allowance recorded: Commercial and industrial................ $ 1,042 $ 9 $ 678 $ 10 Commercial mortgage....................... 1,200 54 2,165 52 Commercial construction................. - - - - Residential mortgage loans............. 28 1 184 - Home equity lines of credit.............. 94 4 98 4 Other consumer loans...................... 170 7 257 6 With an allowance recorded: Commercial and industrial................ $ 503 $ 19 $ 942 $ 10 Commercial mortgage....................... 331 16 1,138 1 Commercial construction................. - - - - Residential mortgage loans............. 638 24 159 4 Home equity lines of credit.............. - - - - Other consumer loans...................... - - 83 - Total: Commercial and industrial................ $ 1,545 $ 28 $ 1,620 $ 20 Commercial mortgage....................... 1,531 70 3,303 53 Commercial construction................. - - - - Residential mortgage loans............. 666 25 343 4 Home equity lines of credit.............. 94 4 98 4 Other consumer loans...................... 170 7 340 6 Total........................................... $ 4,006 $ 134 $ 5,704 $ 87
Non-accrual Loans by Classes of Loan Portfolio	The following table presents non-accrual loans by classes of the loan portfolio as of December 31, 2016 and 2015: December 31, 2016 2015 (Dollars in thousands) Commercial and industrial............ $ 705 $ 1,059 Commercial mortgage.................... 6 575 Commercial construction.............. - - Residential mortgage loans.......... - 31 Home equity lines of credit.......... 14 16 Other consumer loans................... 51 252 Total loans................................ $ 776 $ 1,933
Classes of Loan Portfolio within Company's Internal Risk Rating System	The following tables present the classes of the loan portfolio summarized by the aggregate pass rating and the classified ratings of special mention, substandard and doubtful within the Company’s internal risk rating system as of December 31, 2016 and 2015: December 31, 2016 Pass Special Mention Substandard Doubtful Total (Dollars in thousands) Commercial: Commercial and industrial........... $ 88,503 $ - $ 1,122 $ - $ 89,625 Commercial mortgage................... 221,544 - 1,771 - 223,315 Commercial construction............. 22,408 - - - 22,408 Residential mortgage loans............. 110,538 - - - 110,538 Consumer: Home equity lines of credit......... 24,655 - 14 - 24,669 Other consumer loans.................. 17,463 - 51 - 17,514 Total..................................................... $ 485,111 $ - $ 2,958 $ - $ 488,069 December 31, 2015 Pass Special Mention Substandard Doubtful Total (Dollars in thousands) Commercial: Commercial and industrial........... $ 67,509 $ 5,290 $ 1,671 $ - $ 74,470 Commercial mortgage................... 174,339 3,478 1,548 - 179,365 Commercial construction............. 13,466 - - - 13,466 Residential mortgage loans............. 101,154 - 31 - 101,185 Consumer: Home equity lines of credit......... 24,746 - 16 - 24,762 Other consumer loans.................. 15,663 - 252 - 15,915 Total..................................................... $ 396,877 $ 8,768 $ 3,518 $ - $ 409,163
Classes of Loan Portfolio Summarized by Past Due Status	The performance and credit quality of the loan portfolio is also monitored by analyzing the age of the loans receivable as determined by the length of time a recorded payment is past due. The following tables present the classes of the loan portfolio summarized by the past due status as of December 31, 2016 and 2015: December 31, 2016 30-59 Days Past Due 60-89 Days Past Due Greater Than 90 Days Total Past Due Current Total Loans Receivables (Dollars in thousands) Commercial: Commercial and industrial.......... $ 293 $ 60 $ 632 $ 985 $ 88,640 $ 89,625 Commercial mortgage.................. - - 6 6 223,309 223,315 Commercial construction............ - - - - 22,408 22,408 Residential mortgage loans............ - 104 - 104 110,434 110,538 Consumer: Home equity lines of credit........ - - - - 24,669 24,669 Other consumer loans................. 17 - 4 21 17,493 17,514 Total............................. $ 310 $ 164 $ 642 $ 1,116 $ 486,953 $ 488,069 December 31, 2015 30-59 Days Past Due 60-89 Days Past Due Greater Than 90 Days Total Past Due Current Total Loans Receivables (Dollars in thousands) Commercial: Commercial and industrial.......... $ - $ 67 $ 230 $ 297 $ 74,173 $ 74,470 Commercial mortgage.................. 51 101 195 347 179,018 179,365 Commercial construction............ - - - - 13,466 13,466 Residential mortgage loans............ 975 - - 975 100,210 101,185 Consumer: Home equity lines of credit........ - - - - 24,762 24,762 Other consumer loans................. 15 - 209 224 15,691 15,915 Total............................. $ 1,041 $ 168 $ 634 $ 1,843 $ 407,320 $ 409,163
Summary of Information Regarding Troubled Debt Restructurings	The following tables summarize the balance of outstanding TDR’s at December 31, 2016 and December 31, 2015: Number of Loans Performing TDR's Non-Performing TDR's Total TDRs (Dollars in thousands) December 31, 2016 Residential mortgage loans 1 $ 637 - $ 637 Home equity lines of credit 1 - 14 14 Other consumer loans 1 - 20 20 Total 3 $ 637 $ 34 $ 671 Number of Loans Performing TDR's Non-Performing TDR's Total TDRs (Dollars in thousands) December 31, 2015 Commercial and industrial 4 $ 200 $ 742 $ 942 Commercial mortgage 6 1,622 343 1,965 Residential mortgage loans 2 638 31 669 Home equity lines of credit 2 79 17 96 Other consumer loans 2 99 22 121 Total 16 $ 2,638 $ 1,155 $ 3,793 The following table reflects information regarding TDR’s entered into by the Company for the period ended December 31, 2015. For the year ended December 31, 2015 Number of Contracts Pre-Modification Outstanding Recorded Investments Post-Modification Outstanding Recorded Investments (Dollars in thousands) Troubled debt restructurings: Commercial and industrial.... 3 $ 922 $ 922 Commercial mortgage............ 3 637 637 Residential mortgage loans.. 2 673 673 Total..................................... 8 $ 2,232 $ 2,232
Analysis of Loans Modified in Troubled Debt Restructuring by Type of Concession	The following is an analysis of loans modified in a troubled debt restructuring by type of concession for the year ended December 31, 2015. For the year ended December 31, 2015 Number of Contracts Recorded Investment (Dollars in thousands) Extended under forbearance.......................... 3 $ 1,001 Interest-rate reductions.................................. 3 793 Other maturity / payment modifications...... 2 438 Total.................................................................. 8 $ 2,232

Transactions with Executive O33

Transactions with Executive Officers, Directors and Principal Shareholders (Tables)	12 Months Ended
	Dec. 31, 2016
Related Party Transactions [Abstract]
Schedule of Loans with Related Parties	Activity of these loans is as follows: December 31, 2016 2015 (Dollars in thousands) Balance, beginning of year.................................. $ 5,722 $ 5,608 New loans............................................................... 2,174 3,358 Loans of Retired/Deceased Officers................... - (2,394 ) Repayments............................................................ (2,430 ) (850 ) Balance at end of year.......................................... $ 5,466 $ 5,722

Premises and Equipment (Tables)

Premises and Equipment (Tables)	12 Months Ended
	Dec. 31, 2016
Property Plant And Equipment [Abstract]
Components of Premises and Equipment	The components of premises and equipment at December 31, 2016 and 2015 are as follows: December 31, 2016 2015 (Dollars in thousands) Buildings............................................................................ $ 1,143 $ 1,143 Leasehold improvements................................................. 1,422 1,721 Furniture, fixtures and equipment.................................. 818 846 Automobiles...................................................................... 24 24 Computer equipment and data processing software... 736 712 4,143 4,446 Accumulated depreciation.............................................. (2,388 ) (2,413 ) $ 1,755 $ 2,033

Deposits (Tables)

Deposits (Tables)	12 Months Ended
	Dec. 31, 2016
Banking And Thrift [Abstract]
Components of Deposits	The components of deposits at December 31, 2016 and 2015 are as follows: As of December 31, 2016 2015 (Dollars in thousands) Demand, non-interest bearing................... $ 54,817 $ 46,343 Demand, interest-bearing........................... 57,168 38,297 Money market and savings accounts...... 113,655 90,696 Time, $100 and over.................................... 45,311 56,138 Time, other.................................................... 196,737 177,213 $ 467,688 $ 408,687
Scheduled Maturities of Time Deposits	At December 31, 2016, the scheduled maturities of time deposits are as follows: December 31, 2016 (Dollars in thousands) 2017....................... $ 115,390 2018....................... 71,934 2019....................... 26,536 2020....................... 10,555 2021....................... 17,594 Thereafter............. 39 $ 242,048

Borrowings (Tables)

Borrowings (Tables)	12 Months Ended
	Dec. 31, 2016
Debt Disclosure [Abstract]
Schedule of Short-term Borrowed Funds	The following table outlines First Priority’s various sources of short-term borrowed funds at or for the years ended December 31, 2016 and 2015. The maximum balance represents the highest indebtedness for each category of short-term borrowed funds at any month-end during each of the years shown. December 31, 2016 2015 (Dollars in thousands) Federal funds purchased: Balance at year end......................................... $ - $ - Weighted average rate at year end............... - - Maximum month-end balance........................ $ - $ - Average daily balance during the year........ $ 2 $ 28 Weighted average rate during the year....... 0.76 % 0.51 % FHLB short-term borrowings: Balance at year end......................................... $ 56,164 $ 59,725 Weighted average rate at year end............... 0.74 % 0.45 % Maximum month-end balance........................ $ 60,688 $ 63,208 Average daily balance during the year........ $ 22,508 $ 33,297 Weighted average rate during the year....... 0.61 % 0.36 %
Scheduled Maturities of Long-term Borrowings with FHLB	At December 31, 2016, scheduled maturities of long-term borrowings with the FHLB are as follows: Balance Weighted Average Rate (Dollars in thousands) 2017....................... $ 7,000 0.97% 2018....................... 3,000 1.31% 2019....................... 2,000 1.64% $ 12,000 1.17%

Lease Commitments (Tables)

Lease Commitments (Tables)	12 Months Ended
	Dec. 31, 2016
Leases [Abstract]
Future Minimum Lease Payments	Pursuant to the terms of non-cancellable lease agreements in effect at December 31, 2016, pertaining to premises, future minimum lease payments by year and in the aggregate, under these lease agreements, are as follows: Minimum Lease Payments (Dollars in thousands) 2017........................... $ 1,029 2018........................... 810 2019........................... 743 2020........................... 649 2021........................... 448 Thereafter................. 2,828 $ 6,507

Stock Compensation Program (Tab

Stock Compensation Program (Tables)	12 Months Ended
	Dec. 31, 2016
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]
Summary of Stock Option Plan	A summary of the Stock Option Plan is presented below: For the Years Ended December 31, 2016 2015 Options to Purchase Common Shares Weighted Average Exercise Price Options to Purchase Common Shares Weighted Average Exercise Price Outstanding at beginning of year........... 970,193 $ 6.41 866,613 $ 6.89 Granted during year............................. 37,500 5.93 243,000 5.94 Forfeited/cancelled during the year.. (32,500) 5.91 (91,572) 9.56 Exercised............................................... (2,000) 5.73 - - Expired................................................... (18,133) 9.65 (47,848) 6.73 Outstanding at end of year (1)................. 955,060 $ 6.35 970,193 $ 6.41 Exercisable at end of year (1)................... 354,560 $ 7.74 353,693 $ 7.94 (1) Included in options outstanding and exercisable at year end are 100,000 organizer options, with an exercise price of $10.00 per share and an expiration date of October 18, 2017, exchanged as part of the 2008 acquisition of Prestige which were issued outside of the Program.
Weighted Average Assumption of Fair Value Option Grant	The fair value of each option grant is estimated on the date of grant using the Black-Scholes option-pricing model with the following weighted average assumptions: 2016 2015 Dividend yield.................................. 0.0% 0.0% Expected life..................................... 7 years 7 years Expected volatility........................... 26% 28% Risk-free interest rate...................... 1.63% 2.13% Weighted average fair value.......... $ 1.83 $ 1.52
Summary of Restricted Stock Award Activity	A summary of restricted stock award activity is presented below for the years presented: For the Years Ended December 31, 2016 2015 Outstanding unvested shares at beginning of year... 165,474 121,874 Shares granted during year............................................ 36,250 50,700 Shares forfeited/cancelled during year......................... (725 ) (5,525 ) Vested Shares during this period.................................. (111,549 ) (1,575 ) Outstanding unvested shares at end of year.............. 89,450 165,474

Federal Income Taxes (Tables)

Federal Income Taxes (Tables)	12 Months Ended
	Dec. 31, 2016
Income Tax Disclosure [Abstract]
Schedule of Components of Net Deferred Tax Asset	The components of the net deferred tax asset at December 31, 2016 and 2015 are as follows: December 31, 2016 2015 (Dollars in thousands) Deferred tax assets: Allowance for loan losses.................................................... $ 701 $ 449 Organization and start-up costs.......................................... 75 94 Net operating loss carryforwards....................................... 833 1,886 Net operating loss carryforwards--acquired..................... 670 795 Contribution carryforward................................................... 9 4 Non-qualified stock option expense................................... 283 427 Other real estate owned deferred costs............................. 215 172 Unrealized loss on available for sale securities................ 21 - Alternative minimum tax carryforward............................... 199 125 Property and equipment....................................................... 35 68 Other........................................................................................ 12 12 Total Deferred Tax Assets........................................................ 3,053 4,032 Deferred tax liabilities: Unrealized gain on available for sale securities................ - 121 Acquisition accounting........................................................ 135 162 Cash basis conversions....................................................... 206 170 Other........................................................................................ 15 36 Total Deferred Tax Liabilities............................................ 356 489 Net Deferred Tax Asset....................................................... $ 2,697 $ 3,543
Schedule of Income Tax Expense (Benefit)	The following table presents the income tax expense (benefit) for the years ended December 31, 2016 and 2015. For the year ended December 31, 2016 2015 (Dollars in thousands) Current tax expense: Federal ................................................. $ 94 $ 49 State........................................................ 46 12 Deferred Income tax expense: Federal.................................................... 988 874 Income tax expense..................................... $ 1,128 $ 935
Schedule of Reconciliation of Statutory Federal Income Tax (Benefit) Expense to Income Tax Expense (Benefit)	Reconciliation of the statutory federal income tax (benefit) expense computed at 34% to the income tax expense (benefit) included in the consolidated statements of income is as follows: For the year ended December 31, 2016 2015 (Dollars in thousands) Federal income tax expense at statutory rate of 34%: $ 1,165 $ 1,036 Increase (decrease) in taxes resulting from: Tax exempt interest income, net......................................... (109 ) (117 ) Tax exempt income on bank owned life insurance............ (26 ) (29 ) Applicable state income taxes............................................ 30 8 Stock compensation adjustment for expired options......... 30 - Other.................................................................................... 38 37 Federal income tax expense....................................................... $ 1,128 $ 935

Regulatory Matters (Tables)

Regulatory Matters (Tables)	12 Months Ended
	Dec. 31, 2016
Banking And Thrift [Abstract]
Schedule of Bank's Capital Amounts and Ratios	The Bank’s capital amounts (dollars in thousands) and ratios at December 31, 2016 and 2015 are presented below: Actual Minimum Capital Requirement To be Well Capitalized under Prompt Corrective Action Provisions Amount Ratio Amount Ratio Amount Ratio December 31, 2016 Total capital (to risk-weighted assets) ... $ 55,900 12.07 % $ 37,064 >8.0 % $ >46,330 >10.0 % Tier 1 capital (to risk-weighted assets) .. 43,328 9.35 >27,798 >6.0 >37,064 >8.0 Tier 1 common equity capital (to risk-weighted assets)…………………...….. 43,328 9.35 >20,848 >4.5 >30,114 >6.5 Tier 1 capital (to total assets) .................. 43,328 7.87 >22,023 >4.0 >27,528 >5.0 December 31, 2015 Total capital (to risk-weighted assets) ... $ 51,889 12.98 % $ >31,985 >8.0 % $ >39,981 >10.0 % Tier 1 capital (to risk-weighted assets) .. 39,858 9.97 >23,989 >6.0 >31,985 >8.0 Tier 1 common equity capital (to risk-weighted assets)……………………….. 39,858 9.97 >17,992 >4.5 >25,988 >6.5 Tier 1 capital (to total assets) .................. 39,858 8.11 >19,655 >4.0 >24,568 >5.0

Fair Value Measurements and F41

Fair Value Measurements and Fair Values of Financial Instruments (Tables)	12 Months Ended
	Dec. 31, 2016
Fair Value Disclosures [Abstract]
Summary of Financial Assets Measured at Fair Value on Recurring Basis	For financial assets measured at fair value on a recurring basis, the fair value measurements by level within the fair value hierarchy used at December 31, 2016 and 2015 are as follows: Description Fair Value (Level 1) Quoted Prices in Active Markets for Identical Assets (Level 2) Significant Other Observable Inputs (Level 3) Significant Unobservable Inputs (Dollars in thousands) As of December 31, 2016: Investment securities available for sale: Obligations of U.S. government agencies and corporations..... $ 45,987 $ - $ 45,987 $ - Obligations of states and political subdivisions...................... 6,139 - 6,139 - Federal agency mortgage-backed securities.............................. 13,720 - 13,720 - Federal agency collateralized mortgage obligations.................. 189 - 189 - Other debt securities................................................................ 1,530 - 1,530 - Money market mutual fund..................................................... 2,995 2,995 - - Total assets measured at fair value on a recurring basis.......... $ 70,560 $ 2,995 $ 67,565 $ - Description Fair Value (Level 1) Quoted Prices in Active Markets for Identical Assets (Level 2) Significant Other Observable Inputs (Level 3) Significant Unobservable Inputs (Dollars in thousands) As of December 31, 2015: Investment securities available for sale: Obligations of U.S. government agencies and corporations... $ 62,904 $ - $ 62,904 $ - Obligations of states and political subdivisions..................... 14,347 - 14,347 - Federal agency mortgage-backed securities............................ 17,038 - 17,038 - Federal agency collateralized mortgage obligations................ 346 - 346 - Money market mutual fund................................................... 69 69 - - Total assets measured at fair value on a recurring basis......... $ 94,704 $ 69 $ 94,635 $ -
Summary of Financial Assets Measured at Fair Value on Nonrecurring Basis	For financial assets measured at fair value on a nonrecurring basis, the fair value measurements by level within the fair value hierarchy used at December 31, 2016 and 2015 are as follows: Description Fair Value (Level 1) Quoted Prices in Active Markets for Identical Assets (Level 2) Significant Other Observable Inputs (Level 3) Significant Unobservable Inputs (Dollars in thousands) As of December 31, 2016: Impaired loans.......................................................................... $ 1,257 $ - $ - $ 1,257 Other real estate owned........................................................... 679 - - 679 Total assets measured at fair value on a nonrecurring basis..... $ 1,936 $ - $ - $ 1,936 As of December 31, 2015: Impaired loans.......................................................................... $ 3,699 $ - $ - $ 3,699 Other real estate owned........................................................... 935 - - 935 Total assets measured at fair value on a nonrecurring basis..... $ 4,634 $ - $ - $ 4,634
Quantitative Information about Level 3 Fair Value Measurements	Quantitative information about Level 3 fair value measurements at December 31, 2016 is included in the table below: Fair Value Valuation Techniques Unobservable Inputs Estimated Ratings (Weighted Average) (3) (Dollars in thousands) Impaired loans $ 1,257 Appraisal of real estate collateral (1) Appraisal adjustments(2) 0%-25% (4.87%) Valuation of business assets used as collateral(1) Valuation adjustments(2) 0%-80% (75.32%) Liquidation expenses 0%-10% (8.01%) Other real estate owned $ 679 Appraisal of collateral(1) Appraisal adjustments(2) 0% (0.00%) Liquidation expenses 5%-7% (6.94%) Quantitative information about Level 3 fair value measurements at December 31, 2015 is included in the table below: Fair Value Valuation Techniques Unobservable Inputs Estimated Ratings (Weighted Average) (3) (Dollars in thousands) Impaired loans $ 3,699 Appraisal of real estate collateral (1) Appraisal adjustments(2) 0%-50% (4.75%) Valuation of business assets used as collateral(1) Valuation adjustments(2) 25%-30% Liquidation expenses 2%-10% (6.34%) Other real estate owned $ 935 Appraisal of collateral(1) Appraisal adjustments(2) 0%-25% (3.39%) Liquidation expenses 7%-8.5% (8.38%) (1) Fair Value is generally determined through independent appraisals of the underlying collateral, which include Level 3 inputs that are not identifiable. (2) Appraisals may be adjusted by management for qualitative factors such as economic conditions and estimated liquidation expenses. (3) The range and weighted average of qualitative factors such as economic conditions and estimated liquidation expenses are presented as a percent of the appraised value.
Summary of Estimated Fair Values of Company's Financial Instruments	At December 31, 2016 and 2015, the estimated fair values of the Company’s financial instruments were as follows: December 31, 2016 Carrying Amount Fair Value Level 1 Level 2 Level 3 (Dollars in thousands) Assets: Cash and cash equivalents.................................. $ 4,761 $ 4,761 $ 4,761 $ - $ - Securities available for sale................................. 70,560 70,560 2,995 67,565 - Securities held to maturity................................. 19,043 19,584 - 19,584 - Loans receivable, net.......................................... 484,913 490,890 - - 490,890 Restricted stock................................................. 3,257 3,257 - 3,257 - Accrued interest receivable................................ 1,817 1,817 - 1,817 - Liabilities: Deposits............................................................. 467,688 467,616 - 467,616 - Federal Home Loan Bank of Pittsburgh advances 68,164 68,157 - 68,157 - Subordinated debt.............................................. 9,207 9,273 - 9,273 - Accrued interest payable................................... 510 510 - 510 - Off-balance sheet credit related instruments: Commitments to extend credit........................... - - - - - December 31, 2015 Carrying Amount Fair Value Level 1 Level 2 Level 3 (Dollars in thousands) Assets: Cash and cash equivalents....................................... $ 5,909 $ 5,909 $ 5,909 $ - $ - Securities available for sale...................................... 94,704 94,704 69 94,635 - Securities held to maturity...................................... 19,886 20,446 - 20,446 - Loans receivable, net............................................... 406,358 413,187 - - 413,187 Restricted stock....................................................... 3,368 3,368 - 3,368 - Accrued interest receivable...................................... 1,623 1,623 - 1,623 - Liabilities: Deposits.................................................................. 408,687 409,029 - 409,029 - Federal Home Loan Bank of Pittsburgh advances... 74,725 74,654 - 74,654 - Subordinated debt.................................................... 9,201 9,201 - 9,201 - Accrued interest payable......................................... 450 450 - 450 - Off-balance sheet credit related instruments: Commitments to extend credit................................ - - - - -

Parent Company Only Financial42

Parent Company Only Financial Information (Tables)	12 Months Ended
	Dec. 31, 2016
Condensed Financial Information Of Parent Company Only Disclosure [Abstract]
Schedule of Condensed Balance Sheets	CONDENSED BALANCE SHEETS December 31, 2016 2015 (Dollars in thousands) Assets Cash and cash equivalents....................................... $ 243 $ 6,411 Investment in subsidiary.......................................... 47,454 45,406 Deferred taxes............................................................. 349 295 Other assets................................................................ 32 28 Total assets............................................................. $ 48,078 $ 52,140 Liabilities and shareholders' equity Other liabilities............................................................ 32 49 Shareholders' equity.................................................. 48,046 52,091 Total liabilities and shareholders' equity............ $ 48,078 $ 52,140
Schedule of Condensed Income Statements	CONDENSED INCOME STATEMENTS For the year ended December 31, 2016 2015 (Dollars in thousands) Dividend income from subsidiary, net of dividends paid by Bank.... $ 407 $ 801 Interest from subsidiary........................................................................... 2 1 Total income....................................................................................... 409 802 Non-interest expenses...................................................................... 161 169 Income before taxes and equity in undistributed net income of subsidiary 248 633 Federal income tax benefit........................................................................ (54) (57) Income before equity in undistributed net income of subsidiary...... 302 690 Equity in undistributed net income of subsidiary................................ 1,998 1,422 Net income.......................................................................................... $ 2,300 $ 2,112
Schedule of Statements of Comprehensive Income	STATEMENTS OF COMPREHENSIVE INCOME For the year ended December 31, 2016 2015 (Dollars in thousands) Net income............................................................................................................................... $ 2,300 $ 2,112 Other comprehensive (loss) income: Securities available for sale: Change in unrealized gain on securities available for sale........................................... 405 660 Reclassification adjustment for realized gains included in net income...................... (795 ) (259 ) Tax effect............................................................................................................................. 133 (137 ) Net (losses) gains arising during the period.................................................................. (257 ) 264 Net unrealized holding losses on securities transferred between available for sale and held to maturity: Amortization of net unrealized holding losses to income during the period……………………………………..…….…………………………………… (31 ) (34 ) Tax effect............................................................................................................................. 10 12 Net unrealized holding losses on securities transferred during the period............... (21 ) (22 ) Total other comprehensive (loss) income...................................................................... (278 ) 242 Total comprehensive income................................................................................................ $ 2,022 $ 2,354
Schedule of Condensed Statements of Cash flows	CONDENSED STATEMENTS OF CASH FLOWS For the year ended December 31, 2016 2015 (Dollars in thousands) Operating activities: Net income.............................................................................................................................. $ 2,300 $ 2,112 Adjustments to reconcile net income to net cash provided by operating activities: Equity in undistributed net income of subsidiary, net of dividends from Bank...... (2,326 ) (1,750 ) Stock based compensation distribution from Bank..................................................... 328 328 Deferred income tax benefit............................................................................................. (54 ) (57 ) Net increase in other assets............................................................................................. (4 ) - Net increase (decrease) in other liabilities..................................................................... 2 (20 ) Net cash provided by operating activities................................................................ 246 613 Investing activities: Common stock repurchase by subsidiary..................................................................... - 6,000 Net cash provided by investing activities................................................................. - 6,000 Financing activities: Redemptions of preferred stock...................................................................................... (6,000 ) - Proceeds from the exercise of common stock options................................................. 12 - Cash dividends paid on preferred stock........................................................................ (426 ) (788 ) Net cash used in financing activities......................................................................... (6,414 ) (788 ) Net increase (decrease) in cash................................................................................... (6,168 ) 5,825 Cash and cash equivalents at beginning of the period................................................... 6,411 586 Cash and cash equivalents at end of period..................................................................... $ 243 $ 6,411

Summary of Significant Accoun43

Summary of Significant Accounting Policies - Additional Information (Detail)	12 Months Ended
	Dec. 31, 2016USD ($)BranchLoanProductionSegment	Dec. 31, 2015USD ($)	Dec. 31, 2014USD ($)
Summary Of Significant Accounting Policies [Line Items]
Entity date of formation	Feb. 13, 2007
Agreement of reorganization and merger date	May 11, 2007
Number of retail branch office locations | Branch	7
Number of loan production office | LoanProduction	1
Total assets	$ 597,795,000	$ 546,540,000
Total Shareholders' Equity	48,046,000	52,091,000	$ 50,211,000
Cash reserve balances	$ 1,900,000	1,100,000
Loans receivable, payment terms	The accrual of interest is discontinued when the contractual payment of principal or interest has become 90 days past due or management has serious doubts about further collectability of principal or interest, even though the loan is currently performing.
Threshold Period Past Due for Write-off of Financing Receivable	90 days
Purchased credit impairment loans	$ 215,000
Credit impairment loans non-accretable discount difference	362,000
Portion of allowance for loan losses	$ 0
Residential mortgages amortization period, description	Residential mortgages have amortizations up to 30 years
Home equity loans maturity period, description	Home equity loans have maturities of no more than 15 years.
Expenses related to matching contributions	$ 149,000	138,000
Number of reportable segments | Segment	1
Uncertain tax positions	$ 0	0
Stock based compensation expense	328,000	327,000
Tax benefit recognized related to stock-based compensation	$ 0	0
Maximum [Member]
Summary Of Significant Accounting Policies [Line Items]
Commercial real estate percentage of loan to value ratio	80.00%
Residential mortgages amortization period	30 years
Home equity loans maturity period	15 years
Residential mortgages home equity percentage of loan to value ratio	80.00%
Estimated useful lives of related assets	20 years
Maximum [Member] | Buildings [Member]
Summary Of Significant Accounting Policies [Line Items]
Estimated useful lives of related assets	20 years
Maximum [Member] | Leasehold Improvements [Member]
Summary Of Significant Accounting Policies [Line Items]
Estimated useful lives of related assets	20 years
Maximum [Member] | Furniture, Fixtures and Equipment [Member]
Summary Of Significant Accounting Policies [Line Items]
Estimated useful lives of related assets	10 years
Maximum [Member] | Automobile [Member]
Summary Of Significant Accounting Policies [Line Items]
Estimated useful lives of related assets	5 years
Maximum [Member] | Computer Equipment and Data Processing Software [Member]
Summary Of Significant Accounting Policies [Line Items]
Estimated useful lives of related assets	10 years
Minimum [Member]
Summary Of Significant Accounting Policies [Line Items]
Estimated useful lives of related assets	1 year
Minimum [Member] | Buildings [Member]
Summary Of Significant Accounting Policies [Line Items]
Estimated useful lives of related assets	14 years
Minimum [Member] | Leasehold Improvements [Member]
Summary Of Significant Accounting Policies [Line Items]
Estimated useful lives of related assets	1 year
Minimum [Member] | Furniture, Fixtures and Equipment [Member]
Summary Of Significant Accounting Policies [Line Items]
Estimated useful lives of related assets	2 years
Minimum [Member] | Automobile [Member]
Summary Of Significant Accounting Policies [Line Items]
Estimated useful lives of related assets	3 years
Minimum [Member] | Computer Equipment and Data Processing Software [Member]
Summary Of Significant Accounting Policies [Line Items]
Estimated useful lives of related assets	1 year
Reserve For Off Balance Sheet Activities [Member]
Summary Of Significant Accounting Policies [Line Items]
Reserve for unfunded lending commitments	$ 35,000	$ 35,000
Affinity Merger [Member]
Summary Of Significant Accounting Policies [Line Items]
Net recorded balance of acquired loans from merger	$ 15,000,000
First Priority Bank [Member]
Summary Of Significant Accounting Policies [Line Items]
Entity date of formation	May 25, 2005

Summary of Significant Accoun44

Summary of Significant Accounting Policies - Schedule of Total Reclassifications from Accumulated Other Comprehensive Income (Loss) (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015
Reclassification Adjustment out Of Accumulated Other Comprehensive Income [Line Items]
Gains on sale of Investment securities	$ (795)	$ (259)
Interest and dividend income on taxable securities	(21,246)	(19,510)
Income Tax Expense	1,128	935
Total reclassification	(545)	(196)
Reclassification out of Accumulated Other Comprehensive Income (Loss)
Reclassification Adjustment out Of Accumulated Other Comprehensive Income [Line Items]
Income Tax Expense	281	97
Sale of Investment Securities Available for Sale | Reclassification out of Accumulated Other Comprehensive Income (Loss)
Reclassification Adjustment out Of Accumulated Other Comprehensive Income [Line Items]
Gains on sale of Investment securities	(795)	(259)
Amortization Of Unrealized Holding Gains ( Losses) On Securities Transferred From Available For Sale To Held To Maturity | Reclassification out of Accumulated Other Comprehensive Income (Loss)
Reclassification Adjustment out Of Accumulated Other Comprehensive Income [Line Items]
Interest and dividend income on taxable securities	$ (31)	$ (34)

Summary of Significant Accoun45

Summary of Significant Accounting Policies - Schedule of Accumulated Other Comprehensive income (Loss) (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015
Accumulated Other Comprehensive Income (Loss) [Line Items]
Net unrealized gain (loss) on available for sale securities	$ 405	$ 660
Total	(42)	236
Accumulated Other Comprehensive Income (Loss) [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Net unrealized gain (loss) on available for sale securities	(50)	208
Net unrealized holding gains on securities transferred from available for sale to held to maturity	8	28
Total	$ (42)	$ 236

Recently Issued Accounting St46

Recently Issued Accounting Standards - Additional Information (Detail) - Accounting Standards Update2016-02 $ in Millions	12 Months Ended
	Dec. 31, 2016USD ($)Lease
Item Effected [Line Items]
Number of leases classified as operating leases | Lease	8
Estimated right-of-use asset and corresponding lease liability | $	$ 4

Earnings Per Common Share - Add

Earnings Per Common Share - Additional Information (Detail) - shares	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015
Earnings Per Share [Abstract]
Anti-dilutive securities not included in the computation of diluted earnings per common share	148,174	195,193

Earnings Per Common Share - Sch

Earnings Per Common Share - Schedule of Calculations of Basic and Diluted Earnings per Common Share (Detail) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015
Earnings Per Share [Abstract]
Net income	$ 2,300	$ 2,112
Less: preferred stock dividends	(407)	(801)
Income to Common Shareholders	$ 1,893	$ 1,311
Average basic common shares outstanding	6,514	6,469
Effect of dilutive stock options	56	69
Average number of common shares used to calculate diluted earnings per common share	6,570	6,538
Basic earnings per common share	$ 0.29	$ 0.20
Diluted earnings per common share	$ 0.29	$ 0.20

Earnings Per Common Share - S49

Earnings Per Common Share - Schedule of Amount of Preferred Stock Dividends Related to Each Series of Preferred Stock (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015
Class Of Stock [Line Items]
Preferred dividends	$ 407	$ 801
Series A Preferred Stock [Member]
Class Of Stock [Line Items]
Preferred dividends	77	412
Series B Preferred Stock [Member]
Class Of Stock [Line Items]
Preferred dividends	4	21
Series C Preferred Stock [Member]
Class Of Stock [Line Items]
Preferred dividends	$ 326	$ 368

Securities - Additional Informa

Securities - Additional Information (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015
Investments Debt And Equity Securities [Abstract]
Net unrealized holding gains amortized adjustment related to debt securities, before taxes	$ 12	$ 43
Gross gains on sale of available for sale securities	795	259
Securities pledged to secure public fund deposits	42,000	55,200
Securities pledged to secure borrowings	$ 40	$ 60

Securities - Summary of Amortiz

Securities - Summary of Amortized Cost, Unrealized Gains and Losses, and Estimated Fair Value of Company's Investment Securities Available for Sale (Detail) - USD ($) $ in Thousands	Dec. 31, 2016	Dec. 31, 2015
Schedule Of Available For Sale Securities [Line Items]
Amortized Cost	$ 70,635	$ 94,389
Gross Unrealized Gains	117	485
Gross Unrealized Losses	(192)	(170)
Fair Value	70,560	94,704
Obligations of U.S. Government Agencies and Corporations [Member]
Schedule Of Available For Sale Securities [Line Items]
Amortized Cost	45,984	62,967
Gross Unrealized Gains	8
Gross Unrealized Losses	(5)	(63)
Fair Value	45,987	62,904
Obligations of States and Political Subdivisions [Member]
Schedule Of Available For Sale Securities [Line Items]
Amortized Cost	6,103	13,964
Gross Unrealized Gains	46	398
Gross Unrealized Losses	(10)	(15)
Fair Value	6,139	14,347
Federal Agency Mortgage-Backed Securities [Member]
Schedule Of Available For Sale Securities [Line Items]
Amortized Cost	13,863	17,042
Gross Unrealized Gains	33	87
Gross Unrealized Losses	(176)	(91)
Fair Value	13,720	17,038
Federal Agency Collateralized Mortgage Obligations [Member]
Schedule Of Available For Sale Securities [Line Items]
Amortized Cost	190	347
Gross Unrealized Losses	(1)	(1)
Fair Value	189	346
Other Debt Securities [Member]
Schedule Of Available For Sale Securities [Line Items]
Amortized Cost	1,500
Gross Unrealized Gains	30
Fair Value	1,530
Money Market Mutual Fund [Member]
Schedule Of Available For Sale Securities [Line Items]
Amortized Cost	2,995	69
Fair Value	$ 2,995	$ 69

Securities - Summary of Amort52

Securities - Summary of Amortized Cost, Unrealized Gains and Losses, and Estimated Fair Value of Company's Investment Securities Held to Maturity (Detail) - USD ($) $ in Thousands	Dec. 31, 2016	Dec. 31, 2015
Schedule Of Held To Maturity Securities [Line Items]
Amortized Cost	$ 19,043	$ 19,886
Gross Unrealized Gains	574	607
Gross Unrealized Losses	(33)	(47)
Securities held to maturity, fair value	19,584	20,446
Obligations of States and Political Subdivisions [Member]
Schedule Of Held To Maturity Securities [Line Items]
Amortized Cost	18,561	19,405
Gross Unrealized Gains	561	597
Gross Unrealized Losses	(33)	(47)
Securities held to maturity, fair value	19,089	19,955
Other Debt Securities [Member]
Schedule Of Held To Maturity Securities [Line Items]
Amortized Cost	482	481
Gross Unrealized Gains	13	10
Securities held to maturity, fair value	$ 495	$ 491

Securities - Schedule of Aggreg

Securities - Schedule of Aggregate Unrealized Losses and Aggregate Fair Value of Underlying Securities Available for Sale (Detail) $ in Thousands	Dec. 31, 2016USD ($)Positions	Dec. 31, 2015USD ($)Positions
Schedule Of Available For Sale Securities [Line Items]
Available for Sale, Fair Value Less than 12 Months	$ 14,810	$ 20,181
Available for Sale, Unrealized Losses Less than 12 Months	$ (181)	$ (125)
Available for Sale, Count Less than 12 Months | Positions	16	22
Available for Sale, Fair Value More than 12 Months	$ 911	$ 2,304
Available for Sale, Unrealized Losses More than 12 Months	$ (11)	$ (45)
Available for Sale, Count More than 12 Months | Positions	2	2
Available for Sale, Total Fair Value	$ 15,721	$ 22,485
Available for Sale, Total Unrealized Losses	$ (192)	$ (170)
Available for Sale, Total Count | Positions	18	24
Obligations of U.S. Government Agencies and Corporations [Member]
Schedule Of Available For Sale Securities [Line Items]
Available for Sale, Fair Value Less than 12 Months	$ 3,984	$ 12,905
Available for Sale, Unrealized Losses Less than 12 Months	$ (5)	$ (63)
Available for Sale, Count Less than 12 Months | Positions	4	11
Available for Sale, Total Fair Value	$ 3,984	$ 12,905
Available for Sale, Total Unrealized Losses	$ (5)	$ (63)
Available for Sale, Total Count | Positions	4	11
Obligations of States and Political Subdivisions [Member]
Schedule Of Available For Sale Securities [Line Items]
Available for Sale, Fair Value Less than 12 Months		$ 2,780
Available for Sale, Unrealized Losses Less than 12 Months		$ (15)
Available for Sale, Count Less than 12 Months | Positions		7
Available for Sale, Fair Value More than 12 Months	$ 872
Available for Sale, Unrealized Losses More than 12 Months	$ (10)
Available for Sale, Count More than 12 Months | Positions	1
Available for Sale, Total Fair Value	$ 872	$ 2,780
Available for Sale, Total Unrealized Losses	$ (10)	$ (15)
Available for Sale, Total Count | Positions	1	7
Federal Agency Mortgage-Backed Securities [Member]
Schedule Of Available For Sale Securities [Line Items]
Available for Sale, Fair Value Less than 12 Months	$ 10,667	$ 4,276
Available for Sale, Unrealized Losses Less than 12 Months	$ (175)	$ (46)
Available for Sale, Count Less than 12 Months | Positions	11	3
Available for Sale, Fair Value More than 12 Months	$ 39	$ 2,304
Available for Sale, Unrealized Losses More than 12 Months	$ (1)	$ (45)
Available for Sale, Count More than 12 Months | Positions	1	2
Available for Sale, Total Fair Value	$ 10,706	$ 6,580
Available for Sale, Total Unrealized Losses	$ (176)	$ (91)
Available for Sale, Total Count | Positions	12	5
Federal Agency Collateralized Mortgage Obligations [Member]
Schedule Of Available For Sale Securities [Line Items]
Available for Sale, Fair Value Less than 12 Months	$ 159	$ 220
Available for Sale, Unrealized Losses Less than 12 Months	$ (1)	$ (1)
Available for Sale, Count Less than 12 Months | Positions	1	1
Available for Sale, Total Fair Value	$ 159	$ 220
Available for Sale, Total Unrealized Losses	$ (1)	$ (1)
Available for Sale, Total Count | Positions	1	1

Securities - Schedule of Aggr54

Securities - Schedule of Aggregate Unrealized Losses and Aggregate Fair Value of Underlying Securities Held to Maturity (Detail) $ in Thousands	Dec. 31, 2016USD ($)Positions	Dec. 31, 2015USD ($)Positions
Schedule Of Held To Maturity Securities [Line Items]
Held to Maturity, Fair Value Less than 12 Months	$ 2,289	$ 2,373
Held to Maturity, Unrealized Losses Less than 12 Months	$ (33)	$ (47)
Held to Maturity, Count Less than 12 Months | Positions	7	5
Held to Maturity, Total Fair Value	$ 2,289	$ 2,373
Held to Maturity, Total Unrealized Losses	$ (33)	$ (47)
Held to Maturity, Total Count | Positions	7	5
Obligations of States and Political Subdivisions [Member]
Schedule Of Held To Maturity Securities [Line Items]
Held to Maturity, Fair Value Less than 12 Months	$ 2,289	$ 2,373
Held to Maturity, Unrealized Losses Less than 12 Months	$ (33)	$ (47)
Held to Maturity, Count Less than 12 Months | Positions	7	5
Held to Maturity, Total Fair Value	$ 2,289	$ 2,373
Held to Maturity, Total Unrealized Losses	$ (33)	$ (47)
Held to Maturity, Total Count | Positions	7	5

Securities - Summary of Amort55

Securities - Summary of Amortized Cost and Fair Value of Securities by Contractual Maturity (Detail) - USD ($) $ in Thousands	Dec. 31, 2016	Dec. 31, 2015
Schedule Of Available For Sale Securities [Line Items]
Amortized Cost, Due within one year, Available for Sale Securities	$ 39,999
Amortized Cost, Due after one year through five years, Available for Sale Securities	6,867
Amortized Cost, Due after five years through ten years, Available for Sale Securities	1,500
Amortized Cost, Due after ten years, Available for Sale Securities	5,221
Total Amortized Cost, Available for Sale Securities	53,587
Securities available for sale, amortized cost	70,635
Fair Value, Due within one year, Available for Sale Securities	40,000
Fair Value, Due after one year through five years, Available for Sale Securities	6,859
Fair Value, Due after five years through ten years, Available for Sale Securities	1,530
Fair Value, Due after ten years, Available for Sale Securities	5,267
Total Fair Value, Available for Sale Securities	53,656
Fair Value	70,560
Amortized Cost, Due after one year through five years, Held to Maturity	797
Amortized Cost, Due after five years through ten years, Held to Maturity	1,077
Amortized Cost, Due after ten years, Held to Maturity	17,169
Total Amortized Cost, Held to Maturity	19,043
Held to Maturity, Amortized Cost	19,043	$ 19,886
Fair Value, Due after one year through five years, Held to Maturity	786
Fair Value, Due after five years through ten years, Held to Maturity	1,099
Fair Value, Due after ten years, Held to Maturity	17,699
Total Fair Value, Held to Maturity	19,584
Held to Maturity, Fair Value	19,584	$ 20,446
Federal Agency Collateralized Mortgage Obligations [Member]
Schedule Of Available For Sale Securities [Line Items]
Securities available for sale, amortized cost	190
Fair Value	189
Federal Agency Mortgage-Backed Securities [Member]
Schedule Of Available For Sale Securities [Line Items]
Securities available for sale, amortized cost	13,863
Fair Value	13,720
Money Market Mutual Fund [Member]
Schedule Of Available For Sale Securities [Line Items]
Securities available for sale, amortized cost	2,995
Fair Value	$ 2,995

Loans Receivable and Related 56

Loans Receivable and Related Allowance for Loan Losses - Summary of Loans Receivable (Detail) - USD ($) $ in Thousands	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Commercial:
Commercial and industrial	$ 89,625	$ 74,470
Commercial mortgage	223,315	179,365
Commercial construction	22,408	13,466
Total commercial	335,348	267,301
Residential mortgage loans	110,538	101,185
Consumer:
Home equity lines of credit	24,669	24,762
Other consumer loans	17,514	15,915
Total consumer	42,183	40,677
Total	488,069	409,163
Allowance for loan losses	(3,330)	(2,795)	$ (2,313)
Net deferred loan cost (fees)	174	(10)
Net loans	$ 484,913	$ 406,358

Loans Receivable and Related 57

Loans Receivable and Related Allowance for Loan Losses - Additional Information (Detail)	1 Months Ended	3 Months Ended		12 Months Ended
	Jun. 30, 2016USD ($)	Dec. 31, 2015USD ($)	Sep. 30, 2015USD ($)	Dec. 31, 2016USD ($)Contract	Dec. 31, 2015USD ($)ContractSecurityLoan	Aug. 31, 2016USD ($)
Accounts Notes And Loans Receivable [Line Items]
Purchase of performing commercial loans						$ 64,600,000
Purchased performing residential real estate loans	$ 12,700,000		$ 9,800,000
Non-accruing loans interest income not yet recognized				$ 93,000	$ 228,000
Loans past due 90 days or more and still accruing interest		$ 0		$ 0	$ 0
Number of Contracts | Contract				0	8
Number of Contracts | Contract				2
Outstanding default loans paid off				$ 221,000
Commitments to lend additional funds		0		0	$ 0
Foreclosed residential real estate properties				$ 701,000
Commercial Mortgage [Member]
Accounts Notes And Loans Receivable [Line Items]
Number of Contracts | Contract					3
Performing [Member]
Accounts Notes And Loans Receivable [Line Items]
Number of Contracts | Contract				8
Loan reclassified to performing loan				$ 1,500,000
Performing [Member] | Commercial Mortgage [Member]
Accounts Notes And Loans Receivable [Line Items]
Number of Contracts | Contract				1
TDR loan refinanced by the bank				$ 1,300,000
Commercial Loans [Member]
Accounts Notes And Loans Receivable [Line Items]
Acquisition premiums						$ 197,000
Number of Contracts | SecurityLoan					2
Outstanding Default Loans					$ 64,000
Residential Mortgage Loans [Member]
Accounts Notes And Loans Receivable [Line Items]
Acquisition premiums	$ 280,000		$ 206,000
Number of Contracts | Contract					2
Outstanding Default Loans		$ 638,000
Foreclosed residential real estate properties				$ 0
Other Real Estate Owned [Member]
Accounts Notes And Loans Receivable [Line Items]
Number of Contracts | Contract				2
Outstanding Default Loans				$ 64,000

Loans Receivable and Related 58

Loans Receivable and Related Allowance for Loan Losses - Activity in Allowance for Loan Losses by Loan Class (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015
Financing Receivable Allowance For Credit Losses [Line Items]
Allowance for Loan Losses, Beginning Balance	$ 2,795	$ 2,313
Allowance for Loan Losses, Charge-offs	(222)	(260)
Allowance for Loan Losses, Recoveries	47	132
Allowance for Loan Losses, Provision for loan losses	710	610
Allowance for Loan Losses, Ending Balance	3,330	2,795
Residential Mortgage Loans [Member]
Financing Receivable Allowance For Credit Losses [Line Items]
Allowance for Loan Losses, Beginning Balance	259	159
Allowance for Loan Losses, Charge-offs		(15)
Allowance for Loan Losses, Provision for loan losses	193	115
Allowance for Loan Losses, Ending Balance	452	259
Home Equity Lines of Credit [Member]
Financing Receivable Allowance For Credit Losses [Line Items]
Allowance for Loan Losses, Beginning Balance	167	270
Allowance for Loan Losses, Charge-offs		(12)
Allowance for Loan Losses, Recoveries	9	103
Allowance for Loan Losses, Provision for loan losses	12	(194)
Allowance for Loan Losses, Ending Balance	188	167
Commercial and Industrial [Member]
Financing Receivable Allowance For Credit Losses [Line Items]
Allowance for Loan Losses, Beginning Balance	631	788
Allowance for Loan Losses, Charge-offs	(75)	(46)
Allowance for Loan Losses, Recoveries	21	13
Allowance for Loan Losses, Provision for loan losses	70	(124)
Allowance for Loan Losses, Ending Balance	647	631
Commercial Mortgage [Member]
Financing Receivable Allowance For Credit Losses [Line Items]
Allowance for Loan Losses, Beginning Balance	831	468
Allowance for Loan Losses, Charge-offs	(72)	(149)
Allowance for Loan Losses, Recoveries	2
Allowance for Loan Losses, Provision for loan losses	290	512
Allowance for Loan Losses, Ending Balance	1,051	831
Commercial Construction [Member]
Financing Receivable Allowance For Credit Losses [Line Items]
Allowance for Loan Losses, Beginning Balance	56	26
Allowance for Loan Losses, Provision for loan losses	57	30
Allowance for Loan Losses, Ending Balance	113	56
Other Consumer Loans [Member]
Financing Receivable Allowance For Credit Losses [Line Items]
Allowance for Loan Losses, Beginning Balance	84	87
Allowance for Loan Losses, Charge-offs	(75)	(38)
Allowance for Loan Losses, Recoveries	15	16
Allowance for Loan Losses, Provision for loan losses	73	19
Allowance for Loan Losses, Ending Balance	97	84
Unallocated [Member]
Financing Receivable Allowance For Credit Losses [Line Items]
Allowance for Loan Losses, Beginning Balance	767	515
Allowance for Loan Losses, Provision for loan losses	15	252
Allowance for Loan Losses, Ending Balance	$ 782	$ 767

Loans Receivable and Related 59

Loans Receivable and Related Allowance for Loan Losses - Balance in Allowance for Loan Losses Disaggregated on Basis of Company's Impairment Method (Detail) - USD ($) $ in Thousands	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Financing Receivable Allowance For Credit Losses [Line Items]
Allowance for Loan Losses, Ending Balance	$ 3,330	$ 2,795	$ 2,313
Allowance for Loan Losses, Ending Balance: Individually Evaluated for Impairment	47	452
Allowance for Loan Losses, Ending Balance: Collectively Evaluated for Impairment	3,283	2,343
Total	488,069	409,163
Loans Receivables, Ending Balance: Individually Evaluated for Impairment	1,413	4,571
Loans Receivables, Ending Balance: Collectively Evaluated for Impairment	486,656	404,592
Residential Mortgage Loans [Member]
Financing Receivable Allowance For Credit Losses [Line Items]
Allowance for Loan Losses, Ending Balance	452	259	159
Allowance for Loan Losses, Ending Balance: Individually Evaluated for Impairment	47	46
Allowance for Loan Losses, Ending Balance: Collectively Evaluated for Impairment	405	213
Total	110,538	101,185
Loans Receivables, Ending Balance: Individually Evaluated for Impairment	637	669
Loans Receivables, Ending Balance: Collectively Evaluated for Impairment	109,901	100,516
Home Equity Lines of Credit [Member]
Financing Receivable Allowance For Credit Losses [Line Items]
Allowance for Loan Losses, Ending Balance	188	167	270
Allowance for Loan Losses, Ending Balance: Collectively Evaluated for Impairment	188	167
Total	24,669	24,762
Loans Receivables, Ending Balance: Individually Evaluated for Impairment	14	96
Loans Receivables, Ending Balance: Collectively Evaluated for Impairment	24,655	24,666
Commercial and Industrial [Member]
Financing Receivable Allowance For Credit Losses [Line Items]
Allowance for Loan Losses, Ending Balance	647	631	788
Allowance for Loan Losses, Ending Balance: Individually Evaluated for Impairment		123
Allowance for Loan Losses, Ending Balance: Collectively Evaluated for Impairment	647	508
Total	89,625	74,470
Loans Receivables, Ending Balance: Individually Evaluated for Impairment	705	1,259
Loans Receivables, Ending Balance: Collectively Evaluated for Impairment	88,920	73,211
Commercial Mortgage [Member]
Financing Receivable Allowance For Credit Losses [Line Items]
Allowance for Loan Losses, Ending Balance	1,051	831	468
Allowance for Loan Losses, Ending Balance: Individually Evaluated for Impairment		264
Allowance for Loan Losses, Ending Balance: Collectively Evaluated for Impairment	1,051	567
Total	223,315	179,365
Loans Receivables, Ending Balance: Individually Evaluated for Impairment	6	2,196
Loans Receivables, Ending Balance: Collectively Evaluated for Impairment	223,309	177,169
Commercial Construction [Member]
Financing Receivable Allowance For Credit Losses [Line Items]
Allowance for Loan Losses, Ending Balance	113	56	26
Allowance for Loan Losses, Ending Balance: Collectively Evaluated for Impairment	113	56
Total	22,408	13,466
Loans Receivables, Ending Balance: Collectively Evaluated for Impairment	22,408	13,466
Other Consumer Loans [Member]
Financing Receivable Allowance For Credit Losses [Line Items]
Allowance for Loan Losses, Ending Balance	97	84	87
Allowance for Loan Losses, Ending Balance: Individually Evaluated for Impairment		19
Allowance for Loan Losses, Ending Balance: Collectively Evaluated for Impairment	97	65
Total	17,514	15,915
Loans Receivables, Ending Balance: Individually Evaluated for Impairment	51	351
Loans Receivables, Ending Balance: Collectively Evaluated for Impairment	17,463	15,564
Unallocated [Member]
Financing Receivable Allowance For Credit Losses [Line Items]
Allowance for Loan Losses, Ending Balance	782	767	$ 515
Allowance for Loan Losses, Ending Balance: Collectively Evaluated for Impairment	$ 782	$ 767

Loans Receivable and Related 60

Loans Receivable and Related Allowance for Loan Losses - Summary of Impaired Loans by Loan Portfolio Class (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015
Financing Receivable, Impaired [Line Items]
Total, Related Allowance	$ 47	$ 452
Net recorded investment	1,413	4,571
Total, Unpaid Principle Balance	2,058	5,351
Total, Average Recorded Investment	4,006	5,704
Total, Interest Income Recognized	134	87
Commercial and Industrial [Member]
Financing Receivable, Impaired [Line Items]
With no related allowance recorded, Recorded Investment	705	317
With no related allowance recorded, Unpaid Principle Balance	1,268	803
Total, Related Allowance		123
With an allowance recorded, Recorded Investment		942
With an allowance recorded, Unpaid Principle Balance		995
Net recorded investment	705	1,259
Total, Unpaid Principle Balance	1,268	1,798
With no related allowance recorded, Average Recorded Investment	1,042	678
With no related allowance recorded, Interest Income Recognized	9	10
With an allowance recorded, Average Recorded Investment	503	942
With an allowance recorded, Interest Income Recognized	19	10
Total, Average Recorded Investment	1,545	1,620
Total, Interest Income Recognized	28	20
Commercial Mortgage [Member]
Financing Receivable, Impaired [Line Items]
With no related allowance recorded, Recorded Investment	6	1,463
With no related allowance recorded, Unpaid Principle Balance	57	1,530
Total, Related Allowance		264
With an allowance recorded, Recorded Investment		733
With an allowance recorded, Unpaid Principle Balance		850
Net recorded investment	6	2,196
Total, Unpaid Principle Balance	57	2,380
With no related allowance recorded, Average Recorded Investment	1,200	2,165
With no related allowance recorded, Interest Income Recognized	54	52
With an allowance recorded, Average Recorded Investment	331	1,138
With an allowance recorded, Interest Income Recognized	16	1
Total, Average Recorded Investment	1,531	3,303
Total, Interest Income Recognized	70	53
Other Consumer Loans [Member]
Financing Receivable, Impaired [Line Items]
With no related allowance recorded, Recorded Investment	51	185
With no related allowance recorded, Unpaid Principle Balance	80	206
Total, Related Allowance		19
With an allowance recorded, Recorded Investment		166
With an allowance recorded, Unpaid Principle Balance		168
Net recorded investment	51	351
Total, Unpaid Principle Balance	80	374
With no related allowance recorded, Average Recorded Investment	170	257
With no related allowance recorded, Interest Income Recognized	7	6
With an allowance recorded, Average Recorded Investment		83
Total, Average Recorded Investment	170	340
Total, Interest Income Recognized	7	6
Residential Mortgage Loans [Member]
Financing Receivable, Impaired [Line Items]
With no related allowance recorded, Recorded Investment		31
With no related allowance recorded, Unpaid Principle Balance		64
Total, Related Allowance	47	46
With an allowance recorded, Recorded Investment	637	638
With an allowance recorded, Unpaid Principle Balance	637	638
Net recorded investment	637	669
Total, Unpaid Principle Balance	637	702
With no related allowance recorded, Average Recorded Investment	28	184
With no related allowance recorded, Interest Income Recognized	1
With an allowance recorded, Average Recorded Investment	638	159
With an allowance recorded, Interest Income Recognized	24	4
Total, Average Recorded Investment	666	343
Total, Interest Income Recognized	25	4
Home Equity Lines of Credit [Member]
Financing Receivable, Impaired [Line Items]
With no related allowance recorded, Recorded Investment	14	96
With no related allowance recorded, Unpaid Principle Balance	16	97
Net recorded investment	14	96
Total, Unpaid Principle Balance	16	97
With no related allowance recorded, Average Recorded Investment	94	98
With no related allowance recorded, Interest Income Recognized	4	4
Total, Average Recorded Investment	94	98
Total, Interest Income Recognized	$ 4	$ 4

Loans Receivable and Related 61

Loans Receivable and Related Allowance for Loan Losses - Non-accrual Loans by Classes of Loan Portfolio (Detail) - USD ($) $ in Thousands	Dec. 31, 2016	Dec. 31, 2015
Financing Receivable Recorded Investment Past Due [Line Items]
Non-accrual loans	$ 776	$ 1,933
Commercial and Industrial [Member]
Financing Receivable Recorded Investment Past Due [Line Items]
Non-accrual loans	705	1,059
Commercial Mortgage [Member]
Financing Receivable Recorded Investment Past Due [Line Items]
Non-accrual loans	6	575
Other Consumer Loans [Member]
Financing Receivable Recorded Investment Past Due [Line Items]
Non-accrual loans	51	252
Residential Mortgage Loans [Member]
Financing Receivable Recorded Investment Past Due [Line Items]
Non-accrual loans		31
Home Equity Lines of Credit [Member]
Financing Receivable Recorded Investment Past Due [Line Items]
Non-accrual loans	$ 14	$ 16

Loans Receivable and Related 62

Loans Receivable and Related Allowance for Loan Losses - Classes of Loan Portfolio within Company's Internal Risk Rating System (Detail) - USD ($) $ in Thousands	Dec. 31, 2016	Dec. 31, 2015
Commercial:
Commercial and industrial	$ 89,625	$ 74,470
Commercial mortgage	223,315	179,365
Commercial construction	22,408	13,466
Residential mortgage loans	110,538	101,185
Consumer:
Home equity lines of credit	24,669	24,762
Other consumer loans	17,514	15,915
Total	488,069	409,163
Pass [Member]
Commercial:
Commercial and industrial	88,503	67,509
Commercial mortgage	221,544	174,339
Commercial construction	22,408	13,466
Residential mortgage loans	110,538	101,154
Consumer:
Home equity lines of credit	24,655	24,746
Other consumer loans	17,463	15,663
Total	485,111	396,877
Special Mention [Member]
Commercial:
Commercial and industrial		5,290
Commercial mortgage		3,478
Consumer:
Total		8,768
Substandard [Member]
Commercial:
Commercial and industrial	1,122	1,671
Commercial mortgage	1,771	1,548
Residential mortgage loans		31
Consumer:
Home equity lines of credit	14	16
Other consumer loans	51	252
Total	$ 2,958	$ 3,518

Loans Receivable and Related 63

Loans Receivable and Related Allowance for Loan Losses - Classes of Loan Portfolio Summarized by Past Due Status (Detail) - USD ($) $ in Thousands	Dec. 31, 2016	Dec. 31, 2015
Financing Receivable Recorded Investment Past Due [Line Items]
Total Past Due	$ 1,116	$ 1,843
Current	486,953	407,320
Total	488,069	409,163
30-59 Days Past Due [Member]
Financing Receivable Recorded Investment Past Due [Line Items]
Total Past Due	310	1,041
60-89 Days Past Due [Member]
Financing Receivable Recorded Investment Past Due [Line Items]
Total Past Due	164	168
Greater Than 90 Days [Member]
Financing Receivable Recorded Investment Past Due [Line Items]
Total Past Due	642	634
Residential Mortgage Loans [Member]
Financing Receivable Recorded Investment Past Due [Line Items]
Total Past Due	104	975
Current	110,434	100,210
Total	110,538	101,185
Residential Mortgage Loans [Member] | 30-59 Days Past Due [Member]
Financing Receivable Recorded Investment Past Due [Line Items]
Total Past Due		975
Residential Mortgage Loans [Member] | 60-89 Days Past Due [Member]
Financing Receivable Recorded Investment Past Due [Line Items]
Total Past Due	104
Home Equity Lines of Credit [Member]
Financing Receivable Recorded Investment Past Due [Line Items]
Current	24,669	24,762
Total	24,669	24,762
Commercial and Industrial [Member]
Financing Receivable Recorded Investment Past Due [Line Items]
Total Past Due	985	297
Current	88,640	74,173
Total	89,625	74,470
Commercial and Industrial [Member] | 30-59 Days Past Due [Member]
Financing Receivable Recorded Investment Past Due [Line Items]
Total Past Due	293
Commercial and Industrial [Member] | 60-89 Days Past Due [Member]
Financing Receivable Recorded Investment Past Due [Line Items]
Total Past Due	60	67
Commercial and Industrial [Member] | Greater Than 90 Days [Member]
Financing Receivable Recorded Investment Past Due [Line Items]
Total Past Due	632	230
Commercial Mortgage [Member]
Financing Receivable Recorded Investment Past Due [Line Items]
Total Past Due	6	347
Current	223,309	179,018
Total	223,315	179,365
Commercial Mortgage [Member] | 30-59 Days Past Due [Member]
Financing Receivable Recorded Investment Past Due [Line Items]
Total Past Due		51
Commercial Mortgage [Member] | 60-89 Days Past Due [Member]
Financing Receivable Recorded Investment Past Due [Line Items]
Total Past Due		101
Commercial Mortgage [Member] | Greater Than 90 Days [Member]
Financing Receivable Recorded Investment Past Due [Line Items]
Total Past Due	6	195
Commercial Construction [Member]
Financing Receivable Recorded Investment Past Due [Line Items]
Current	22,408	13,466
Total	22,408	13,466
Other Consumer Loans [Member]
Financing Receivable Recorded Investment Past Due [Line Items]
Total Past Due	21	224
Current	17,493	15,691
Total	17,514	15,915
Other Consumer Loans [Member] | 30-59 Days Past Due [Member]
Financing Receivable Recorded Investment Past Due [Line Items]
Total Past Due	17	15
Other Consumer Loans [Member] | Greater Than 90 Days [Member]
Financing Receivable Recorded Investment Past Due [Line Items]
Total Past Due	$ 4	$ 209

Loans Receivable and Related 64

Loans Receivable and Related Allowance for Loan Losses - Summary of Outstanding Troubled Debt Restructurings (Detail) $ in Thousands	Dec. 31, 2016USD ($)loan	Dec. 31, 2015USD ($)loan
Financing Receivable Modifications [Line Items]
Number of Loans | loan	3	16
Total TDRs	$ 671	$ 3,793
Other Consumer Loans [Member]
Financing Receivable Modifications [Line Items]
Number of Loans | loan	1	2
Total TDRs	$ 20	$ 121
Residential Mortgage Loans [Member]
Financing Receivable Modifications [Line Items]
Number of Loans | loan	1	2
Total TDRs	$ 637	$ 669
Home Equity Lines of Credit [Member]
Financing Receivable Modifications [Line Items]
Number of Loans | loan	1	2
Total TDRs	$ 14	$ 96
Commercial and Industrial [Member]
Financing Receivable Modifications [Line Items]
Number of Loans | loan		4
Total TDRs		$ 942
Commercial Mortgage [Member]
Financing Receivable Modifications [Line Items]
Number of Loans | loan		6
Total TDRs		$ 1,965
Performing [Member]
Financing Receivable Modifications [Line Items]
Total TDRs	637	2,638
Performing [Member] | Other Consumer Loans [Member]
Financing Receivable Modifications [Line Items]
Total TDRs		99
Performing [Member] | Residential Mortgage Loans [Member]
Financing Receivable Modifications [Line Items]
Total TDRs	637	638
Performing [Member] | Home Equity Lines of Credit [Member]
Financing Receivable Modifications [Line Items]
Total TDRs		79
Performing [Member] | Commercial and Industrial [Member]
Financing Receivable Modifications [Line Items]
Total TDRs		200
Performing [Member] | Commercial Mortgage [Member]
Financing Receivable Modifications [Line Items]
Total TDRs		1,622
Non-Performing [Member]
Financing Receivable Modifications [Line Items]
Total TDRs	34	1,155
Non-Performing [Member] | Other Consumer Loans [Member]
Financing Receivable Modifications [Line Items]
Total TDRs	20	22
Non-Performing [Member] | Residential Mortgage Loans [Member]
Financing Receivable Modifications [Line Items]
Total TDRs		31
Non-Performing [Member] | Home Equity Lines of Credit [Member]
Financing Receivable Modifications [Line Items]
Total TDRs	$ 14	17
Non-Performing [Member] | Commercial and Industrial [Member]
Financing Receivable Modifications [Line Items]
Total TDRs		742
Non-Performing [Member] | Commercial Mortgage [Member]
Financing Receivable Modifications [Line Items]
Total TDRs		$ 343

Loans Receivable and Related 65

Loans Receivable and Related Allowance for Loan Losses - Summary of Information Regarding Bank's Troubled Debt Restructurings (Detail) $ in Thousands	12 Months Ended
	Dec. 31, 2016Contract	Dec. 31, 2015USD ($)Contract
Financing Receivable Troubled Debt Restructurings [Line Items]
Number of Contracts | Contract	0	8
Pre-Modification Outstanding Recorded Investments		$ 2,232
Post-Modification Outstanding Recorded Investments		$ 2,232
Commercial and Industrial [Member]
Financing Receivable Troubled Debt Restructurings [Line Items]
Number of Contracts | Contract		3
Pre-Modification Outstanding Recorded Investments		$ 922
Post-Modification Outstanding Recorded Investments		$ 922
Commercial Mortgage [Member]
Financing Receivable Troubled Debt Restructurings [Line Items]
Number of Contracts | Contract		3
Pre-Modification Outstanding Recorded Investments		$ 637
Post-Modification Outstanding Recorded Investments		$ 637
Residential Mortgage Loans [Member]
Financing Receivable Troubled Debt Restructurings [Line Items]
Number of Contracts | Contract		2
Pre-Modification Outstanding Recorded Investments		$ 673
Post-Modification Outstanding Recorded Investments		$ 673

Loans Receivable and Related 66

Loans Receivable and Related Allowance for Loan Losses - Analysis of Loans Modified in Troubled Debt Restructuring by Type of Concession (Detail) $ in Thousands	12 Months Ended
	Dec. 31, 2016Contract	Dec. 31, 2015USD ($)Contract
Financing Receivable Modifications [Line Items]
Number of Contracts | Contract	0	8
Recorded Investment | $		$ 2,232
Extended Under Forbearance [Member]
Financing Receivable Modifications [Line Items]
Number of Contracts | Contract		3
Recorded Investment | $		$ 1,001
Interest-Rate Reductions [Member]
Financing Receivable Modifications [Line Items]
Number of Contracts | Contract		3
Recorded Investment | $		$ 793
Other Maturity / Payment Modifications [Member]
Financing Receivable Modifications [Line Items]
Number of Contracts | Contract		2
Recorded Investment | $		$ 438

Transactions with Executive O67

Transactions with Executive Officers, Directors and Principal Shareholders - Schedule of Loans with Related Parties (Detail) - Executive Officers, Directors and Principal Shareholders and affiliated companies - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015
Related Party Transaction [Line Items]
Balance, beginning of year	$ 5,722	$ 5,608
New loans	2,174	3,358
Loans of retired/deceased officers		(2,394)
Repayments	(2,430)	(850)
Balance at end of year	$ 5,466	$ 5,722

Transactions with Executive O68

Transactions with Executive Officers, Directors and Principal Shareholders - Additional Information (Detail) - USD ($) $ in Millions	Dec. 31, 2016	Dec. 31, 2015
Executive Officers, Directors and Principal Shareholders and affiliated companies
Related Party Transaction [Line Items]
Deposits of related parties	$ 7.7	$ 6.8

Premises and Equipment - Compon

Premises and Equipment - Components of Premises and Equipment (Detail) - USD ($) $ in Thousands	Dec. 31, 2016	Dec. 31, 2015
Property, Plant and Equipment [Line Items]
Premises and equipment, gross	$ 4,143	$ 4,446
Accumulated depreciation	(2,388)	(2,413)
Premises and equipment, net	1,755	2,033
Buildings [Member]
Property, Plant and Equipment [Line Items]
Premises and equipment, gross	1,143	1,143
Leasehold Improvements [Member]
Property, Plant and Equipment [Line Items]
Premises and equipment, gross	1,422	1,721
Furniture, Fixtures and Equipment [Member]
Property, Plant and Equipment [Line Items]
Premises and equipment, gross	818	846
Automobiles [Member]
Property, Plant and Equipment [Line Items]
Premises and equipment, gross	24	24
Computer Equipment and Data Processing Software [Member]
Property, Plant and Equipment [Line Items]
Premises and equipment, gross	$ 736	$ 712

Premises and Equipment - Additi

Premises and Equipment - Additional Information (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015
Property Plant And Equipment [Abstract]
Depreciation expense	$ 309	$ 406

Deposits - Components of Deposi

Deposits - Components of Deposits (Detail) - USD ($) $ in Thousands	Dec. 31, 2016	Dec. 31, 2015
Deposits [Abstract]
Demand, non-interest bearing	$ 54,817	$ 46,343
Demand, interest-bearing	57,168	38,297
Money market and savings accounts	113,655	90,696
Time, $100 and over	45,311	56,138
Time, other	196,737	177,213
Total deposits	$ 467,688	$ 408,687

Deposits - Additional Informati

Deposits - Additional Information (Detail) - USD ($) $ in Thousands	Dec. 31, 2016	Dec. 31, 2015
Deposits [Abstract]
Brokered deposits	$ 138,800	$ 113,300
FDIC insurance limit	250	250
Time deposits in excess of FDIC Insurance limit	$ 8,000	$ 10,000

Deposits - Scheduled Maturities

Deposits - Scheduled Maturities of Time Deposits (Detail) $ in Thousands	Dec. 31, 2016USD ($)
Time Deposits Rolling Year Maturity [Abstract]
2,017	$ 115,390
2,018	71,934
2,019	26,536
2,020	10,555
2,021	17,594
Thereafter	39
Total time deposits	$ 242,048

Borrowings - Additional Informa

Borrowings - Additional Information (Detail) - USD ($)	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015
Debt Instrument [Line Items]
Borrowing facility with correspondent bank	$ 10,000,000	$ 10,000,000
Restricted investments in FHLB stock held as collateral	3,100,000	3,300,000
Borrowing capacity with the FHLB	206,000,000	169,000,000
Advances outstanding	68,164,000	74,725,000
Securities pledged to secure borrowings	40,000	60,000
Long-term debt	12,000,000
FHLB Short-Term Borrowings [Member]
Debt Instrument [Line Items]
Short-term borrowings	$ 56,164,000	59,725,000
Maximum [Member] | FHLB Short-Term Borrowings [Member]
Debt Instrument [Line Items]
FHLB advances original maturity	1 year
Unsecured Line of Credit [Member]
Debt Instrument [Line Items]
Borrowing facility with correspondent bank	$ 2,000,000	2,000,000
Secured Line of Credit [Member]
Debt Instrument [Line Items]
Borrowing facility with correspondent bank	8,000,000	8,000,000
FHLB Long-Term Borrowings [Member]
Debt Instrument [Line Items]
Long-term debt	12,000,000	15,000,000
Average balances outstanding	$ 14,100,000	$ 12,900,000
Average cost of borrowings	1.12%	1.00%
Advances from Federal Home Loan Banks	$ 0	$ 0
FHLB Long-Term Borrowings [Member] | Minimum [Member]
Debt Instrument [Line Items]
FHLB advances original maturity	1 year

Borrowings - Schedule of Short-

Borrowings - Schedule of Short-term Borrowed Funds (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015
Federal Funds Purchased [Member]
Short-term Debt [Line Items]
Average daily balance during the year	$ 2	$ 28
Weighted average rate during the year	0.76%	0.51%
FHLB Short-Term Borrowings [Member]
Short-term Debt [Line Items]
Balance at year end	$ 56,164	$ 59,725
Weighted average rate at year end	0.74%	0.45%
Maximum month-end balance	$ 60,688	$ 63,208
Average daily balance during the year	$ 22,508	$ 33,297
Weighted average rate during the year	0.61%	0.36%

Borrowings - Scheduled Maturiti

Borrowings - Scheduled Maturities of Long-term Borrowings with FHLB (Detail) $ in Thousands	Dec. 31, 2016USD ($)
Debt Disclosure [Abstract]
2017, Balance	$ 7,000
2018, Balance	3,000
2019, Balance	2,000
Total Balance	$ 12,000
2017, Weighted Average Rate	0.97%
2018, Weighted Average Rate	1.31%
2019, Weighted Average Rate	1.64%
Weighted Average Rate	1.17%

Subordinated Debt - Additional

Subordinated Debt - Additional Information (Detail) $ / shares in Units, $ in Thousands	Nov. 13, 2015USD ($)Investor$ / sharesshares	Dec. 31, 2016shares	Dec. 31, 2015shares
Debt Instrument [Line Items]
Stock redeemed during period, value	$ 6,000
Preferred stock, dividend rate	9.00%	9.00%	9.00%
Preferred stock, shares redeemed | shares	6,000
Preferred stock, shares outstanding | shares	9,404	3,404	9,404
Preferred stock, liquidation value per share | $ / shares	$ 1,000
Preferred stock, total liquidation value	$ 6,000
Subordinated Note [Member] |
Debt Instrument [Line Items]
Number of accredited investors | Investor	5
Net proceeds after issuance cost	$ 9,200
Issuance costs	318
Subordinated Note [Member] | | Subordinated Debt Due November Thirty Twenty Twenty Five [Member]
Debt Instrument [Line Items]
Debt instrument, value	$ 9,500
Maturity date	Nov. 30, 2025
Debt instrument, interest rate	7.00%
Debt instrument, non-callable period	5 years
Subordinated Note [Member] | | Subordinated Debt Due November Thirty Twenty Twenty Five [Member] | Minimum [Member]
Debt Instrument [Line Items]
Debt instrument, redemption pricing	100.50%
Subordinated Note [Member] | | Subordinated Debt Due November Thirty Twenty Twenty Five [Member] | Maximum [Member]
Debt Instrument [Line Items]
Debt instrument, redemption pricing	101.50%

Lease Commitments - Future Mini

Lease Commitments - Future Minimum Lease Payments (Detail) $ in Thousands	Dec. 31, 2016USD ($)
Minimum Lease Payments
2,017	$ 1,029
2,018	810
2,019	743
2,020	649
2,021	448
Thereafter	2,828
Minimum Lease Payments	$ 6,507

Lease Commitments - Additional

Lease Commitments - Additional Information (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015
Leases [Abstract]
Lease expense	$ 1,130	$ 1,190

Severance and Employment Agre80

Severance and Employment Agreements - Additional Information (Detail) - $ / shares	Dec. 19, 2013	Dec. 31, 2016	Dec. 31, 2015
Severance And Employment Agreements [Line Items]
Employment Termination Period		1 year
Contractual term	10 years	2 years 11 months 23 days	3 years 7 months 28 days
Options, Granted, Weighted Average Exercise Price	$ 5.25	$ 5.93	$ 5.94
Exercise price of share agreed to termination		$ 5.91	$ 9.56
Options granted, Shares	355,000
Number of prior options exchanged in Severance Plan	315,000	32,500	91,572
Number of restricted stock issued during period	89,500
Restricted stock vesting period		4 years
President [Member]
Severance And Employment Agreements [Line Items]
Term of employment agreement		3 years
Post termination benefits		An amount equal to three (3) times the sum of (i) the highest salary paid to him in the year of termination or prior two calendar years and (ii) the highest bonus paid to him in one of the three calendar years prior to termination and (iii) an adjustment for benefits.
Restricted Stock [Member]
Severance And Employment Agreements [Line Items]
Number of restricted stock issued during period		36,250	50,700
Restricted stock vesting period	3 years
Minimum [Member]
Severance And Employment Agreements [Line Items]
Length of severance payments period		6 months
Exercise price of share agreed to termination	$ 10
Minimum [Member] | President [Member]
Severance And Employment Agreements [Line Items]
Employment agreement, Non-renewal notice period		60 days
Maximum [Member]
Severance And Employment Agreements [Line Items]
Length of severance payments period		18 months
Exercise price of share agreed to termination	$ 10.25

Shareholders' Equity - Addition

Shareholders' Equity - Additional Information (Detail) - USD ($) $ / shares in Units, $ in Thousands	Jan. 22, 2016	Nov. 13, 2015	Dec. 31, 2016	Dec. 31, 2015	May 04, 2016
Class Of Stock [Line Items]
Common stock, shares authorized			20,000,000	10,000,000	20,000,000
Common stock, par value			$ 1	$ 1	$ 1
Preferred stock, shares outstanding		9,404	3,404	9,404
Preferred stock, value outstanding			$ 3,400	$ 9,400
Preferred stock, dividend rate		9.00%	9.00%	9.00%
Preferred Stock, redemption amount	$ 6,000		$ 6,000
Preferred Stock, redemption price per share	$ 1,016.75
Preferred stock, shares redeemed		6,000
Preferred stock, par value			$ 100	$ 100
Series A Preferred Stock [Member]
Class Of Stock [Line Items]
Preferred stock, shares outstanding				4,579
Preferred stock, dividend rate				9.00%
Preferred Stock, redemption price per share	$ 1,000
Preferred stock, shares redeemed	4,579
Preferred stock, shares issued				4,579
Series B Preferred Stock [Member]
Class Of Stock [Line Items]
Preferred stock, shares outstanding				229
Preferred stock, dividend rate				9.00%
Preferred Stock, redemption price per share	$ 1,000
Preferred stock, shares redeemed	229
Preferred stock, shares issued				229
Series C Preferred Stock [Member]
Class Of Stock [Line Items]
Preferred stock, shares outstanding			3,404	4,596
Preferred stock, dividend rate			9.00%	9.00%
Preferred stock, shares redeemed	1,192
Preferred stock pro rata percentage shares redeemed	25.90%
Preferred stock, shares issued	4,596		3,404	4,596
Preferred stock, par value	$ 1,000

Stock Compensation Program - Ad

Stock Compensation Program - Additional Information (Detail) - USD ($)	Dec. 19, 2013	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Stock Compensation Program, aggregate maximum number of share to grant		1,207,957
Vesting period of granted stock options		4 years
Description of options termination from the date of grant		Terminate ten years from the date of the grant
Weighted average remaining contractual life, outstanding stock options		5 years 10 months 2 days	6 years 8 months 1 day
Weighted average remaining contractual life, exercisable stock options	10 years	2 years 11 months 23 days	3 years 7 months 28 days
Options outstanding, intrinsic value		$ 705,000	$ 618,000
Options exercisable, intrinsic value		$ 150,000	$ 121,000
Forfeiture rate percentage		10.00%
Stock options outstanding		955,060	970,193	866,613
Average Exercise Price - Options Granted this period	$ 5.25	$ 5.93	$ 5.94
Unrecognized compensation cost		$ 230,000
Weighted average period for cost is expected to be recognized		2 years 7 months 13 days
Tax benefit recognized related to stock-based compensation		$ 0	$ 0
Stock options issued under Severance Plan	355,000
Unrecognized Compensation Cost for Shares Issued and Restricted under the Severance Plan		$ 576,000
Shares issued to various employees is included in options granted		37,500	243,000
Options, cancelled, Shares	315,000	32,500	91,572
Unrecognized compensation cost amortized period		Jun. 28, 2020
Performance Options [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Stock options outstanding		44,000
Shares issued to various employees is included in options granted			99,000
Options, cancelled, Shares		27,500	27,500
Restricted Stock [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Vesting period of granted stock options	3 years
Unrecognized compensation cost related to restricted stock		$ 328,000
Restricted Stock [Member] | Employee [Member] | Minimum [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Vesting period of granted stock options		3 years
Restricted Stock [Member] | Non-Management Employees [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Stock options outstanding		30,260	18,532
Affinity Bancorp, Inc [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Shares authorized for grant		382,957
Weighted average remaining contractual life, exercisable stock options		2 years 9 months 18 days
Business combination shares exchange ratio		0.9813%
Stock options outstanding		45,460
Average Exercise Price - Options Granted this period		$ 9.42

Stock Compensation Program - Su

Stock Compensation Program - Summary of Stock Option Plan (Detail) - $ / shares	Dec. 19, 2013	Dec. 31, 2016	Dec. 31, 2015
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]
Options, Beginning balance, Options to Purchase Common Shares		970,193	866,613
Options, Granted, Options to Purchase Common Shares		37,500	243,000
Options, Forfeited/cancelled, Options to Purchase Common Shares	(315,000)	(32,500)	(91,572)
Options, Exercised, Options to Purchase Common Shares		(2,000)
Options, expired, Options to Purchase Common Shares		(18,133)	(47,848)
Options, Ending balance, Options to Purchase Common Shares		955,060	970,193
Options, Exercisable, Options to Purchase Common Shares		354,560	353,693
Options, Beginning balance, Weighted Average Exercise Price		$ 6.41	$ 6.89
Options, Granted, Weighted Average Exercise Price	$ 5.25	5.93	5.94
Options, Forfeited/cancelled, Weighted Average Exercise Price		5.91	9.56
Options, Exercised, Weighted Average Exercise Price		5.73
Options, Expired, Weighted Average Exercise Price		9.65	6.73
Options, Ending balance, Weighted Average Exercise Price		6.35	6.41
Options, Exercisable, Weighted Average Exercise Price		$ 7.74	$ 7.94

Stock Compensation Program - 84

Stock Compensation Program - Summary of Stock Option Plan (Parenthetical) (Detail) - $ / shares	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Stock options outstanding	955,060	970,193	866,613
Options, Exercisable, Options to Purchase Common Shares	354,560	353,693
Options, Exercisable, Weighted Average Exercise Price	$ 7.74	$ 7.94
Options outstanding, exercise price	$ 6.35	$ 6.41	$ 6.89
Organizer Options [Member] | 2008 Acquisition of Prestige [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Stock options outstanding	100,000
Options, Exercisable, Options to Purchase Common Shares	100,000
Options, Exercisable, Weighted Average Exercise Price	$ 10
Options outstanding, exercise price	$ 10
Options, expiration date	Oct. 18, 2017

Stock Compensation Program - We

Stock Compensation Program - Weighted Average Assumption of Fair Value Option Grant (Detail) - $ / shares	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]
Dividend yield	0.00%	0.00%
Expected life	7 years	7 years
Expected volatility	26.00%	28.00%
Risk-free interest rate	1.63%	2.13%
Weighted average fair value	$ 1.83	$ 1.52

Stock Compensation Program - 86

Stock Compensation Program - Summary of Restricted Stock Award Activity (Detail) - shares	Dec. 19, 2013	Dec. 31, 2016	Dec. 31, 2015
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Restricted stock award, granted, Shares	89,500
Restricted Stock [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Restricted stock award, Beginning balance, Unvested shares		165,474	121,874
Restricted stock award, granted, Shares		36,250	50,700
Restricted stock award, forfeited/cancelled, Shares		(725)	(5,525)
Restricted stock award, Vested, Shares		(111,549)	(1,575)
Restricted stock award, Ending balance, Unvested shares		89,450	165,474

Federal Income Taxes - Schedule

Federal Income Taxes - Schedule of Components of Net Deferred Tax Asset (Detail) - USD ($)	Dec. 31, 2016	Dec. 31, 2015
Deferred tax assets:
Allowance for loan losses	$ 701,000	$ 449,000
Organization and start-up costs	75,000	94,000
Net operating loss carry forwards	833,000	1,886,000
Net operating loss carry forwards--acquired	670,000	795,000
Contribution carry forward	9,000	4,000
Non-qualified stock option expense	283,000	427,000
Other real estate owned deferred costs	215,000	172,000
Unrealized loss on available for sale securities	21,000
Alternative minimum tax carry forward	199,000	125,000
Property and equipment	35,000	68,000
Other	12,000	12,000
Total Deferred Tax Assets	3,053,000	4,032,000
Deferred tax liabilities:
Unrealized gain on available for sale securities		121,000
Acquisition accounting	135,000	162,000
Cash basis conversions	206,000	170,000
Other	15,000	36,000
Total Deferred Tax Liabilities	356,000	489,000
Net Deferred Tax Asset	$ 2,697,000	$ 3,543,000

Federal Income Taxes - Addition

Federal Income Taxes - Additional Information (Detail) - USD ($)	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015
Investments Owned Federal Income Tax Note [Line Items]
Operating loss carryforwards	$ 4,400,000
Deferred tax assets related to generated net operating loss	$ 2,500,000
Net operating loss carryforward expiry period, Description	2029 through 2034
Statutory federal income tax rate	34.00%	34.00%
Accrued interest and penalties	$ 0	$ 0
Prestige Community Bank [Member]
Investments Owned Federal Income Tax Note [Line Items]
Operating loss carryforwards	$ 1,400,000
Net operating loss carryforward expiry period, Description	2027 through 2028
Affinity Bancorp, Inc [Member]
Investments Owned Federal Income Tax Note [Line Items]
Operating loss carryforwards	$ 615,000
Net operating loss carryforward expiry period, Description	2031 through 2032

Federal Income Taxes - Schedu89

Federal Income Taxes - Schedule of Income Tax Expense (Benefit) (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015
Current tax expense:
Federal	$ 94	$ 49
State	46	12
Deferred Income tax expense:
Federal	988	874
Federal income tax expense	$ 1,128	$ 935

Federal Income Taxes - Schedu90

Federal Income Taxes - Schedule of Reconciliation of Statutory Federal Income Tax (Benefit) Expense to Income Tax Expense (Benefit) (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015
Income Tax Disclosure [Abstract]
Federal income tax expense at statutory rate of 34%:	$ 1,165	$ 1,036
Increase (decrease) in taxes resulting from:
Tax exempt interest income, net	(109)	(117)
Tax exempt income on bank owned life insurance	(26)	(29)
Applicable state income taxes	30	8
Stock compensation adjustment for expired options	30
Other	38	37
Federal income tax expense	$ 1,128	$ 935

Federal Income Taxes - Schedu91

Federal Income Taxes - Schedule of Reconciliation of Statutory Federal Income Tax (Benefit) Expense to Income Tax Expense (Benefit) (Parenthetical) (Detail)	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015
Income Tax Disclosure [Abstract]
Statutory federal income tax rate	34.00%	34.00%

Financial Instruments with Of92

Financial Instruments with Off-Balance Sheet Risk - Additional Information (Detail) - USD ($) $ in Thousands	Dec. 31, 2016	Dec. 31, 2015
Federal Home Loan Bank of Pittsburgh [Member]
Fair Value Off Balance Sheet Risks Disclosure Information [Line Items]
Letters of credit	$ 16,000
Financial Standby Letters of Credit [Member]
Fair Value Off Balance Sheet Risks Disclosure Information [Line Items]
Letters of credit	1,700	$ 1,100
Lines of Credit [Member]
Fair Value Off Balance Sheet Risks Disclosure Information [Line Items]
Commitments issued under lines of credit	98,200	97,800
Performance Standby Letters of Credit [Member]
Fair Value Off Balance Sheet Risks Disclosure Information [Line Items]
Letters of credit	$ 958	$ 711

Regulatory Matters - Additional

Regulatory Matters - Additional Information (Detail)	Jan. 01, 2019	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Compliance With Regulatory Capital Requirements Under Banking Regulations [Line Items]
Tier One Risk Based Capital Required To Be Adequately Capitalized		6.00%	6.00%	4.00%
Tier One Risk Based Capital Required To Be Well Capitalized		8.00%	8.00%	6.00%
Tier 1 common equity capital (to risk-weighted assets), Minimum Capital Requirement Ratio		4.50%	4.50%
Tier 1 common equity capital (to risk-weighted assets), To be Well Capitalized under Prompt Corrective Action Provisions Ratio		6.50%	6.50%
Total capital (to risk-weighted assets), Minimum Capital Requirement Ratio		8.00%	8.00%
Total capital (to risk-weighted assets), To be Well Capitalized under Prompt Corrective Action Provisions Ratio		10.00%	10.00%
Tier 1 capital (to total assets), Minimum Capital Requirement Ratio		4.00%	4.00%
Tier 1 capital (to total assets), To be Well Capitalized under Prompt Corrective Action Provisions Ratio		5.00%	5.00%
Tier 1 risk based capital required capital conservation buffer ratio		0.625%
Tier 1 common equity capital ratio minimum requirement		5.125%
Tier 1 capital ratio minimum requirement		6.625%
Tier 1 total capital ratio minimum requirement		8.625%
Scenario, Forecast [Member]
Compliance With Regulatory Capital Requirements Under Banking Regulations [Line Items]
Tier 1 common equity capital ratio	7.00%
Tier 1 capital ratio	8.50%
Tier 1 total capital ratio	10.50%
Dodd Frank Act
Compliance With Regulatory Capital Requirements Under Banking Regulations [Line Items]
Tier One Risk Based Capital Required To Be Adequately Capitalized		6.00%
Tier One Risk Based Capital Required To Be Well Capitalized		8.00%
Effective date of new risk based capital rules		Jan. 1, 2015

Regulatory Matters - Schedule o

Regulatory Matters - Schedule of Bank's Capital Amounts and Ratios (Detail) - USD ($) $ in Thousands	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Banking And Thrift [Abstract]
Total capital (to risk-weighted assets), Actual Amount	$ 55,900	$ 51,889
Tier 1 capital (to risk-weighted assets), Actual Amount	43,328	39,858
Tier 1 common equity capital (to risk-weighted assets), Actual Amount	43,328	39,858
Tier 1 capital (to total assets), Actual Amount	$ 43,328	$ 39,858
Total capital (to risk-weighted assets), Actual Ratio	12.07%	12.98%
Tier 1 capital (to risk-weighted assets), Actual Ratio	9.35%	9.97%
Tier 1 common equity capital (to risk-weighted assets), Actual Ratio	9.35%	9.97%
Tier 1 capital (to total assets), Actual Ratio	7.87%	8.11%
Total capital (to risk-weighted assets), Minimum Capital Requirement Amount	$ 37,064	$ 31,985
Tier 1 capital (to risk-weighted assets), Minimum Capital Requirement Amount	27,798	23,989
Tier 1 common equity capital (to risk-weighted assets), Minimum Capital Requirement Amount	20,848	17,992
Tier 1 capital (to total assets), Minimum Capital Requirement Amount	$ 22,023	$ 19,655
Total capital (to risk-weighted assets), Minimum Capital Requirement Ratio	8.00%	8.00%
Tier One Risk Based Capital Required To Be Adequately Capitalized	6.00%	6.00%	4.00%
Tier 1 common equity capital (to risk-weighted assets), Minimum Capital Requirement Ratio	4.50%	4.50%
Tier 1 capital (to total assets), Minimum Capital Requirement Ratio	4.00%	4.00%
Total capital (to risk-weighted assets), To be Well Capitalized under Prompt Corrective Action Provisions Amount	$ 46,330	$ 39,981
Tier 1 capital (to risk-weighted assets), To be Well Capitalized under Prompt Corrective Action Provisions Amount	37,064	31,985
Tier 1 common equity capital (to risk-weighted assets), To be Well Capitalized under Prompt Corrective Action Provisions Amount	30,114	25,988
Tier 1 capital (to total assets), To be Well Capitalized under Prompt Corrective Action Provisions Amount	$ 27,528	$ 24,568
Total capital (to risk-weighted assets), To be Well Capitalized under Prompt Corrective Action Provisions Ratio	10.00%	10.00%
Tier One Risk Based Capital Required To Be Well Capitalized	8.00%	8.00%	6.00%
Tier 1 common equity capital (to risk-weighted assets), To be Well Capitalized under Prompt Corrective Action Provisions Ratio	6.50%	6.50%
Tier 1 capital (to total assets), To be Well Capitalized under Prompt Corrective Action Provisions Ratio	5.00%	5.00%

Fair Value Measurements and F95

Fair Value Measurements and Fair Values of Financial Instruments - Summary of Financial Assets Measured at Fair Value on Recurring Basis (Detail) - USD ($) $ in Thousands	Dec. 31, 2016	Dec. 31, 2015
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Total assets measured at fair value on a recurring basis	$ 70,560	$ 94,704
Obligations of U.S. Government Agencies and Corporations [Member]
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Total assets measured at fair value on a recurring basis	45,987	62,904
Obligations of States and Political Subdivisions [Member]
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Total assets measured at fair value on a recurring basis	6,139	14,347
Federal Agency Mortgage-Backed Securities [Member]
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Total assets measured at fair value on a recurring basis	13,720	17,038
Federal Agency Collateralized Mortgage Obligations [Member]
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Total assets measured at fair value on a recurring basis	189	346
Other Debt Securities [Member]
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Total assets measured at fair value on a recurring basis	1,530
Money Market Mutual Fund [Member]
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Total assets measured at fair value on a recurring basis	2,995	69
(Level 1) Quoted Prices in Active Markets for Identical Assets [Member]
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Total assets measured at fair value on a recurring basis	2,995	69
(Level 1) Quoted Prices in Active Markets for Identical Assets [Member] | Money Market Mutual Fund [Member]
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Total assets measured at fair value on a recurring basis	2,995	69
(Level 2) Significant Other Observable Inputs [Member]
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Total assets measured at fair value on a recurring basis	67,565	94,635
(Level 2) Significant Other Observable Inputs [Member] | Obligations of U.S. Government Agencies and Corporations [Member]
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Total assets measured at fair value on a recurring basis	45,987	62,904
(Level 2) Significant Other Observable Inputs [Member] | Obligations of States and Political Subdivisions [Member]
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Total assets measured at fair value on a recurring basis	6,139	14,347
(Level 2) Significant Other Observable Inputs [Member] | Federal Agency Mortgage-Backed Securities [Member]
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Total assets measured at fair value on a recurring basis	13,720	17,038
(Level 2) Significant Other Observable Inputs [Member] | Federal Agency Collateralized Mortgage Obligations [Member]
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Total assets measured at fair value on a recurring basis	189	$ 346
(Level 2) Significant Other Observable Inputs [Member] | Other Debt Securities [Member]
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Total assets measured at fair value on a recurring basis	$ 1,530

Fair Value Measurements and F96

Fair Value Measurements and Fair Values of Financial Instruments - Summary of Financial Assets Measured at Fair Value on Nonrecurring Basis (Detail) - USD ($) $ in Thousands	Dec. 31, 2016	Dec. 31, 2015
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Total assets measured at fair value on a nonrecurring basis	$ 1,936	$ 4,634
Impaired Loans [Member]
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Total assets measured at fair value on a nonrecurring basis	1,257	3,699
Other Real Estate Owned [Member]
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Total assets measured at fair value on a nonrecurring basis	679	935
(Level 3) Significant Unobservable Inputs [Member]
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Total assets measured at fair value on a nonrecurring basis	1,936	4,634
(Level 3) Significant Unobservable Inputs [Member] | Impaired Loans [Member]
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Total assets measured at fair value on a nonrecurring basis	1,257	3,699
(Level 3) Significant Unobservable Inputs [Member] | Other Real Estate Owned [Member]
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Total assets measured at fair value on a nonrecurring basis	$ 679	$ 935

Fair Value Measurements and F97

Fair Value Measurements and Fair Values of Financial Instruments - Quantitative Information about Level 3 Fair Value Measurements (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015
Fair Value Inputs Assets Quantitative Information [Line Items]
Asset at fair Value	$ 1,936	$ 4,634
(Level 3) Significant Unobservable Inputs [Member]
Fair Value Inputs Assets Quantitative Information [Line Items]
Asset at fair Value	1,936	4,634
Impaired Loans [Member]
Fair Value Inputs Assets Quantitative Information [Line Items]
Asset at fair Value	$ 1,257	$ 3,699
Impaired Loans [Member] | (Level 3) Significant Unobservable Inputs [Member]
Fair Value Inputs Assets Quantitative Information [Line Items]
Estimated Ratings, maximum	10.00%	10.00%
Estimated Ratings Weighted Average, Liquidation expenses	8.01%	6.34%
Asset at fair Value	$ 1,257	$ 3,699
Unobservable Inputs	Liquidation expenses
Estimated Ratings, minimum	0.00%	2.00%
Impaired Loans [Member] | Appraisal of Real Estate Collateral [Member]
Fair Value Inputs Assets Quantitative Information [Line Items]
Valuation Techniques	Appraisal of real estate collateral
Impaired Loans [Member] | Appraisal of Real Estate Collateral [Member] | (Level 3) Significant Unobservable Inputs [Member]
Fair Value Inputs Assets Quantitative Information [Line Items]
Estimated Ratings, maximum	25.00%	50.00%
Estimated Ratings Weighted Average, Appraisal adjustments	4.87%	4.75%
Unobservable Inputs	Appraisal adjustments
Estimated Ratings, minimum	0.00%	0.00%
Impaired Loans [Member] | Valuation of Business Assets Used as Collateral [Member]
Fair Value Inputs Assets Quantitative Information [Line Items]
Valuation Techniques	Valuation of business assets used as collateral
Impaired Loans [Member] | Valuation of Business Assets Used as Collateral [Member] | (Level 3) Significant Unobservable Inputs [Member]
Fair Value Inputs Assets Quantitative Information [Line Items]
Estimated Ratings, maximum	80.00%	30.00%
Estimated Ratings Weighted Average, Valuation adjustments	75.32%
Unobservable Inputs	Valuation adjustments
Estimated Ratings, minimum	0.00%	25.00%
Other Real Estate Owned [Member]
Fair Value Inputs Assets Quantitative Information [Line Items]
Asset at fair Value	$ 679	$ 935
Other Real Estate Owned [Member] | (Level 3) Significant Unobservable Inputs [Member]
Fair Value Inputs Assets Quantitative Information [Line Items]
Estimated Ratings, maximum	7.00%	8.50%
Estimated Ratings Weighted Average, Liquidation expenses	6.94%	8.38%
Asset at fair Value	$ 679	$ 935
Unobservable Inputs	Liquidation expenses
Estimated Ratings, minimum		0.00%
Estimated Ratings, minimum	5.00%	7.00%
Other Real Estate Owned [Member] | Appraisal of Collateral [Member]
Fair Value Inputs Assets Quantitative Information [Line Items]
Valuation Techniques	Appraisal of collateral
Other Real Estate Owned [Member] | Appraisal of Collateral [Member] | (Level 3) Significant Unobservable Inputs [Member]
Fair Value Inputs Assets Quantitative Information [Line Items]
Estimated Ratings, maximum	0.00%	25.00%
Estimated Ratings Weighted Average, Appraisal adjustments	0.00%	3.39%
Unobservable Inputs	Appraisal adjustments

Fair Value Measurements and F98

Fair Value Measurements and Fair Values of Financial Instruments - Additional Information (Detail) - USD ($) $ in Thousands	Dec. 31, 2016	Dec. 31, 2015
Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items]
Other real estate owned	$ 1,486	$ 1,633
Impaired loan balances	1,413	4,571
Total, Related Allowance	47	452
Impaired Loans Fair Value with Allowance Recorded [Member]
Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items]
Impaired loan balances	637	2,500
Total, Related Allowance	46	452
Net of partial charge-offs		2
Impaired Loans Fair Value with no Related Allowance Recorded [Member]
Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items]
Impaired loan balances	862	2,500
Net of partial charge-offs	196	867
Other Real Estate Owned [Member]
Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items]
Valuation allowance	520	404
Portion at Fair Value Measurement [Member]
Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items]
Other real estate owned	$ 1,200	$ 1,300

Fair Value Measurements and F99

Fair Value Measurements and Fair Values of Financial Instruments - Summary of Estimated Fair Values of Company's Financial Instruments (Detail) - USD ($) $ in Thousands	Dec. 31, 2016	Dec. 31, 2015
Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items]
Fair Value	$ 70,560	$ 94,704
Held to Maturity, Fair Value	19,584	20,446
Carrying Amount [Member]
Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items]
Cash and cash equivalents	4,761	5,909
Fair Value	70,560	94,704
Held to Maturity, Fair Value	19,043	19,886
Loans receivable, net	484,913	406,358
Restricted stock	3,257	3,368
Accrued interest receivable	1,817	1,623
Deposits	467,688	408,687
Federal Home Loan Bank of Pittsburgh advances	68,164	74,725
Subordinated debt	9,207	9,201
Accrued interest payable	510	450
Portion at Fair Value Measurement [Member]
Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items]
Cash and cash equivalents	4,761	5,909
Fair Value	70,560	94,704
Held to Maturity, Fair Value	19,584	20,446
Loans receivable, net	490,890	413,187
Restricted stock	3,257	3,368
Accrued interest receivable	1,817	1,623
Deposits	467,616	409,029
Federal Home Loan Bank of Pittsburgh advances	68,157	74,654
Subordinated debt	9,273	9,201
Accrued interest payable	510	450
Portion at Fair Value Measurement [Member] | (Level 1) Quoted Prices in Active Markets for Identical Assets [Member]
Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items]
Cash and cash equivalents	4,761	5,909
Fair Value	2,995	69
Portion at Fair Value Measurement [Member] | (Level 2) Significant Other Observable Inputs [Member]
Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items]
Fair Value	67,565	94,635
Held to Maturity, Fair Value	19,584	20,446
Restricted stock	3,257	3,368
Accrued interest receivable	1,817	1,623
Deposits	467,616	409,029
Federal Home Loan Bank of Pittsburgh advances	68,157	74,654
Subordinated debt	9,273	9,201
Accrued interest payable	510	450
Portion at Fair Value Measurement [Member] | (Level 3) Significant Unobservable Inputs [Member]
Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items]
Loans receivable, net	$ 490,890	$ 413,187

Parent Company Only Financia100

Parent Company Only Financial Information - Schedule of Condensed Balance Sheets (Detail) - USD ($) $ in Thousands	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Assets
Cash and cash equivalents	$ 4,761	$ 5,909	$ 7,866
Deferred taxes	2,697	3,543
Other assets	1,290	1,270
Total Assets	597,795	546,540
Liabilities and Shareholders’ Equity
Other liabilities	4,180	1,386
Shareholders' equity	48,046	52,091	50,211
Total Liabilities and Shareholders’ Equity	597,795	546,540
First Priority Financial Corp. [Member]
Assets
Cash and cash equivalents	243	6,411	$ 586
Investment in subsidiary	47,454	45,406
Deferred taxes	349	295
Other assets	32	28
Total Assets	48,078	52,140
Liabilities and Shareholders’ Equity
Other liabilities	32	49
Shareholders' equity	48,046	52,091
Total Liabilities and Shareholders’ Equity	$ 48,078	$ 52,140

Parent Company Only Financia101

Parent Company Only Financial Information - Schedule of Condensed Income Statements (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015
Condensed Income Statements, Captions [Line Items]
Interest from subsidiary	$ 16,716	$ 16,185
Non-interest expenses	14,123	13,683
Federal income tax benefit	1,128	935
Net Income	2,300	2,112
First Priority Financial Corp. [Member]
Condensed Income Statements, Captions [Line Items]
Dividend income from subsidiary, net of dividends paid by Bank	407	801
Interest from subsidiary	2	1
Total income	409	802
Non-interest expenses	161	169
Income before taxes and equity in undistributed net income of subsidiary	248	633
Federal income tax benefit	(54)	(57)
Income before equity in undistributed net income of subsidiary	302	690
Equity in undistributed net income of subsidiary	1,998	1,422
Net Income	$ 2,300	$ 2,112

Parent Company Only Financia102

Parent Company Only Financial Information - Schedule of Statements of Comprehensive Income (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015
Condensed Statement Of Income Captions [Line Items]
Net income	$ 2,300	$ 2,112
Securities available for sale:
Change in unrealized gain on securities available for sale	405	660
Reclassification adjustment for realized gains included in net income	(795)	(259)
Tax effect	133	(137)
Net (losses) gains arising during the period	(257)	264
Net unrealized holding losses on securities transferred between available for sale and held to maturity:
Amortization of net unrealized holding losses to income during the period	(31)	(34)
Tax effect	10	12
Net unrealized holding losses on securities transferred during the period	(21)	(22)
Total other comprehensive (loss) income	(278)	242
Total comprehensive income	2,022	2,354
First Priority Financial Corp. [Member]
Condensed Statement Of Income Captions [Line Items]
Net income	2,300	2,112
Securities available for sale:
Change in unrealized gain on securities available for sale	405	660
Reclassification adjustment for realized gains included in net income	(795)	(259)
Tax effect	133	(137)
Net (losses) gains arising during the period	(257)	264
Net unrealized holding losses on securities transferred between available for sale and held to maturity:
Amortization of net unrealized holding losses to income during the period	(31)	(34)
Tax effect	10	12
Net unrealized holding losses on securities transferred during the period	(21)	(22)
Total other comprehensive (loss) income	(278)	242
Total comprehensive income	$ 2,022	$ 2,354

Parent Company Only Financia103

Parent Company Only Financial Information - Schedule of Condensed Statements of Cash Flows (Detail) - USD ($) $ in Thousands	Jan. 22, 2016	Dec. 31, 2016	Dec. 31, 2015
Operating activities:
Net income		$ 2,300	$ 2,112
Adjustments to reconcile net income to net cash provided by operating activities:
Stock based compensation distribution from Bank		328	327
Net increase in other assets		(20)	(166)
Net increase (decrease) in other liabilities		2,813	309
Financing activities:
Redemption of preferred stock	$ (6,000)	(6,000)
Proceeds from the exercise of common stock options		12
Cash dividends paid on preferred stock		(427)	(788)
Cash and Cash Equivalents—Beginning		5,909	7,866
Cash and Cash Equivalents—Ending		4,761	5,909
First Priority Financial Corp. [Member]
Operating activities:
Net income		2,300	2,112
Adjustments to reconcile net income to net cash provided by operating activities:
Equity in undistributed net income of subsidiary, net of dividends from Bank		(2,326)	(1,750)
Stock based compensation distribution from Bank		328	328
Deferred income tax benefit		(54)	(57)
Net increase in other assets		(4)
Net increase (decrease) in other liabilities		2	(20)
Net cash provided by operating activities		246	613
Investing activities:
Common stock repurchase by subsidiary			6,000
Net cash provided by investing activities			6,000
Financing activities:
Redemption of preferred stock		(6,000)
Proceeds from the exercise of common stock options		12
Cash dividends paid on preferred stock		(426)	(788)
Net cash used in financing activities		(6,414)	(788)
Net increase (decrease) in cash		(6,168)	5,825
Cash and Cash Equivalents—Beginning		6,411	586
Cash and Cash Equivalents—Ending		$ 243	$ 6,411