Cordia Bancorp 10-Q 16 May 16 2016 Q1 Quarterly report Financial data

Document And Entity Information

Document And Entity Information - shares	3 Months Ended
	Mar. 31, 2016	May. 05, 2016
Document Information [Line Items]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Mar. 31, 2016
Document Fiscal Year Focus	2,016
Document Fiscal Period Focus	Q1
Entity Registrant Name	Cordia Bancorp Inc
Entity Central Index Key	1,466,292
Current Fiscal Year End Date	--12-31
Entity Filer Category	Smaller Reporting Company
Trading Symbol	BVA
Entity Common Stock, Shares Outstanding		6,798,250

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($) $ in Thousands	Mar. 31, 2016	Dec. 31, 2015
Assets
Cash and due from banks	$ 4,911	$ 6,135
Federal funds sold and interest-bearing deposits with banks	12,805	12,325
Total cash and cash equivalents	17,716	18,460
Securities available for sale, at fair market value	44,899	46,220
Securities held to maturity, at cost (fair value $37,675 and $25,694 at March 31, 2016 and December 31, 2015, respectively)	37,227	25,500
Restricted securities	2,393	2,355
Loans held for sale	10,646	220
Loans net of allowance for loan losses of $866 and $823, at March 31, 2016 and December 31, 2015, respectively	224,554	245,210
Premises and equipment, net	5,919	5,980
Accrued interest receivable	2,018	2,085
Other real estate owned, net of valuation allowance	2,017	1,870
Other assets	429	590
Total assets	347,818	348,490
Deposits
Non-interest bearing	26,938	28,969
Savings and interest-bearing demand	112,582	107,057
Time deposits	150,503	154,018
Total deposits	290,023	290,044
Accrued expenses and other liabilities	943	707
FHLB borrowings	30,000	30,000
Total liabilities	$ 320,966	$ 320,751
Commitments and contingencies
Stockholders' equity
Preferred stock, 2,000 shares authorized, $0.01 par value, none issued and outstanding	$ 0	$ 0
Common Stock Value	53	51
Additional paid-in capital	34,075	33,191
Retained deficit	(7,142)	(4,827)
Accumulated other comprehensive loss	(148)	(690)
Total stockholders' equity	26,852	27,739
Total liabilities and stockholders' equity	347,818	348,490
NonVoting [Member]
Stockholders' equity
Common Stock Value	$ 14	$ 14

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Thousands	Mar. 31, 2016	Dec. 31, 2015
Held-to-maturity Securities, Fair Value	$ 37,675	$ 25,694
Allowance for loan losses	$ 866	$ 823
Preferred Stock, Shares Authorized	2,000	2,000
Preferred Stock, Par or Stated Value Per Share	$ 0.01	$ 0.01
Preferred Stock, Shares Issued	0	0
Preferred Stock, Shares Outstanding	0	0
Common Stock, Shares Authorized	120,000,000	120,000,000
Common Stock, Par or Stated Value Per Share	$ 0.01	$ 0.01
Common Stock, Shares, Outstanding	5,394,563	5,186,349
Restricted Stock [Member]
Common Stock, Shares, Outstanding	81,799	107,460
NonVoting [Member]
Common Stock, Shares Authorized	5,000,000	5,000,000
Common Stock, Par or Stated Value Per Share	$ 0.01	$ 0.01
Common Stock, Shares, Outstanding	1,400,437	1,400,437

Consolidated Statements of Oper

Consolidated Statements of Operations - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Interest income
Interest and fees on loans	$ 2,628	$ 2,183
Investment securities	398	363
Federal funds sold and deposits with banks	9	7
Total interest income	3,035	2,553
Interest expense
Interest on deposits	546	454
Interest on FHLB borrowings	95	89
Total interest expense	641	543
Net interest income	2,394	2,010
Provision for (recovery of) loan losses	98	(340)
Net interest income after (recovery of) provision for loan losses	2,296	2,350
Non-interest income (loss)
Service charges on deposit accounts	31	30
Net gain on sale of available for sale securities	0	114
Realized and unrealized gains (losses) on loans held for sale	(713)	21
Other income	68	48
Total non-interest income (loss)	(614)	213
Non-interest expense
Salaries and employee benefits	1,904	1,280
Professional services	170	84
Occupancy	144	153
Data processing and communications	246	198
FDIC assessment and bank fees	169	90
Bank franchise taxes	48	49
Student loan servicing fees and other loan expenses	167	146
Other real estate expenses, net	39	6
Supplies and equipment	73	73
Insurance	18	20
Director's fees	53	26
Marketing and business development	35	18
Loss on sale of subsidiary	843	0
Other operating expenses	88	69
Total non-interest expense	3,997	2,212
Net income (loss) before income taxes	(2,315)	351
Income taxes	0	0
Net income (loss)	$ (2,315)	$ 351
Basic net income (loss) per common share	$ (0.35)	$ 0.05
Diluted net income (loss) per common share	$ (0.35)	$ 0.05
Weighted average common shares outstanding, basic (in shares)	6,658,976	6,559,217
Weighted average common shares outstanding, diluted (in shares)	6,658,976	6,559,217

Consolidated Statement of Compr

Consolidated Statement of Comprehensive Income (Loss) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Net income (loss)	$ (2,315)	$ 351
Other comprehensive income
Unrealized securities gains (losses) arising during period	531	418
Less: Reclassification adjustment for net securities gains included in net income (loss)	0	(114)
Add: Amortization of unrealized losses for securities transferred from available for sale to held to maturity	11	12
Total other comprehensive income	542	316
Comprehensive income (loss)	$ (1,773)	$ 667

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Cash flows from operating activities:
Net income (loss)	$ (2,315)	$ 351
Adjustments to reconcile net income (loss) to net cash provided by operating activities
Net amortization of premium on investment securities	104	113
Purchase accounting accretion, net	(4)	(38)
Depreciation	82	74
Amortization of deferred loan costs and fees	138	83
Provision for (recovery of) loan losses	98	(340)
Net gain on available for securities	0	(114)
Stock based compensation	886	55
Other real estate owned valuation adjustment	8	0
Originations of loans held for sale	(5,540)	(1,374)
Proceeds from the sale of loans held for sale	24,152	1,278
Realized and unrealized (gains) losses on loans held for sale	713	(21)
Gain on the disposal of premises and equipment	(8)	0
Changes in assets and liabilities:
Decrease in accrued interest receivable	67	54
Decrease (increase) in other assets	152	(226)
Increase in accrued expenses and other liabilities	238	224
Net cash provided by operating activities	18,771	119
Cash flows from investing activities:
Purchase of securities available for sale	0	(3,080)
Purchase of securities held to maturity	(12,498)	0
(Purchase) redemptions of restricted securities, net	(38)	(313)
Proceeds from sales, maturities, and paydowns of securities available for sale	1,779	15,481
Proceeds from payments/maturities of securities held to maturity	751	572
Consumer mortgage loans held for sale
Net increase in loans	(9,475)	(6,503)
Improvements to other real estate owned	0	(6)
Purchase of premises and equipment	(28)	(42)
Proceeds on the sale of premises and equipment	15	0
Net cash (used in) provided by investing activities	(19,494)	6,109
Cash flows from financing activities:
Net (decrease) increase in demand savings, interest-bearing checking and money market deposits	3,191	(3,343)
Net increase in time deposits	(3,212)	3,365
Proceeds from FHLB advances	10,000	5,000
Repayment of FHLB advances	(10,000)	0
Net cash (used in) provided by investing activities	(21)	5,022
Net increase (decrease) in cash and cash equivalents	(744)	11,250
Cash and cash equivalents, beginning of period	18,460	21,840
Cash and cash equivalents, end of period	17,716	33,090
Supplemental disclosure of cash flow information
Cash payments for interest	617	525
Supplemental disclosure of noninvesting activities
Unrealized gains (losses) on securities available for sale	531	304
Amortization of unrealized losses transferred to held to maturity	11	12
Transfer of loans from held for investment to held for sale	29,751	0
Loans transferred to other real estate owned	$ 155	$ 0

Organization and Summary of Sig

Organization and Summary of Significant Accounting Policies	3 Months Ended
	Mar. 31, 2016
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Organization, Consolidation and Presentation of Financial Statements Disclosure and Significant Accounting Policies [Text Block]	Organization and Summary of Significant Accounting Policies Organization Cordia Bancorp Inc. (“Company” or “Cordia”) was incorporated in 2009 by a team of former bank CEOs, directors and advisors seeking to invest in undervalued community banks in the Mid-Atlantic and Southeast. The Company was approved as a bank holding company by the Board of Governors of the Federal Reserve in November 2010 and granted the authority to purchase a majority interest in Bank of Virginia (“Bank” or “BVA”) at that time. On December 10, 2010, Cordia purchased $ 10.3 7.60 59.8 3.0 3.60 On March 29, 2013, the Company completed a share exchange with the Bank resulting in the Bank becoming a wholly owned subsidiary of the Company. Under the terms of the Agreement and Plan of Share Exchange between the Company and the Bank, each outstanding share of the Bank’s common stock owned by persons other than the Company were exchanged for 0.664 100.0 On April 10, 2014, Cordia completed the sale of approximately 363 0.01 42,500 15.4 100 On June 25, 2014, upon stockholder approval, each share of Series A Preferred Stock mandatorily converted into 10,000 shares of Cordia’s common stock at a conversion price of $4.25 per share 3,629,871 2,229,434 1,400,437 On May 20, 2015, Cordia announced that it had authorized a stock repurchase program to acquire up to $ 500,000 21,200 In the fourth quarter of 2014 the Bank launched CordiaGrad, a private student loan refinancing program aimed at high-achieving graduates with student loans. On March 1, 2016, in order for Cordia to strategically focus on its core business of community banking, the Bank transferred certain assets and marketing arrangements related to CordiaGrad to a newly formed subsidiary and subsequently sold it to Jack C. Zoeller for nominal consideration in return for Mr. Zoeller’s resignation as Cordia’s President and Chief Executive Officer, resignation from the board of both Cordia and the Bank and his agreement to relinquish all of his rights under his employment agreement with Cordia, including all salary and benefits. Mr. Zoeller’s unvested restricted stock and stock options vested in connection with the agreement. No loans were sold as part of the transaction and, as part of the transaction, the Bank agreed to provide certain transition and loan origination services to the new entity acquired by Mr. Zoeller through June 30, 2016. Cordia’s principal business is the ownership of BVA. Because Cordia does not have any business activities separate from the operations of BVA, the information in this document regarding the business of Cordia reflects the activities of Cordia and BVA on a consolidated basis. References to “we” and “our” in this document refer to Cordia and BVA, collectively. The Bank was organized under the laws of the Commonwealth of Virginia to engage in a general banking business serving the communities in and around the Richmond, Virginia metropolitan area. The Bank commenced regular operations on January 12, 2004, and is a member of the Federal Reserve System, Federal Deposit Insurance Corporation and the Federal Home Loan Bank of Atlanta. The Bank is subject to the regulations of the Federal Reserve System and the State Corporation Commission of Virginia. Consequently, it undergoes periodic examinations by these regulatory authorities. The accounting and reporting policies of the Company conform to accounting principles generally accepted in the United States of America (“GAAP”) and prevailing practices within the financial services industry for interim financial information and Rule 10-01 of Regulation S-X. Accordingly, they do not include all of the information and notes required for complete financial statements and prevailing practices within the banking industry. Operating results for the three months ended March 31, 2016 are not necessarily indicative of the results that may be expected for any future periods or for the year ending December 31, 2016. In the opinion of management, all adjustments (comprising only normal recurring accruals) necessary for a fair presentation of the results of the interim periods have been included. These statements should be read in conjunction with the financial statements and accompanying notes included in the Company’s 2015 Annual Report on Form 10-K as filed with the Securities and Exchange Commission (“SEC”) on March 23, 2016. The accompanying consolidated financial statements include all accounts of the Company and the Bank. All material intercompany balances and transactions have been eliminated in consolidation. We provide a summary of our significant accounting policies in our 2015 Form 10-K under “Note 1 – Organization and Summary of Significant Accounting Policies”. There have been no significant changes to these policies during 2016. In August 2014, the FASB issued ASU No. 2014-15, “Presentation of Financial Statements – Going Concern (Subtopic 205-40): Disclosure of Uncertainties about an Entity’s Ability to Continue as a Going Concern.” This update is intended to provide guidance about management’s responsibility to evaluate whether there is substantial doubt about an entity’s ability to continue as a going concern and to provide related footnote disclosures. Management is required under the new guidance to evaluate whether there are conditions or events, considered in the aggregate, that raise substantial doubt about the entity’s ability to continue as a going concern within one year after the date the financial statements are issued when preparing financial statements for each interim and annual reporting period. If conditions or events are identified, the ASU specifies the process that must be followed by management and also clarifies the timing and content of going concern footnote disclosures in order to reduce diversity in practice. The amendments in this ASU are effective for annual periods and interim periods within those annual periods beginning after December 15, 2016. Early adoption is permitted. The Company does not expect the adoption of ASU 2014-15 to have a material impact on its consolidated financial statements. In January 2016, the FASB issued ASU 2016-01, “Financial Instruments – Overall (Subtopic 825-10): Recognition and Measurement of Financial Assets and Financial Liabilities.” The amendments in ASU 2016-01, among other things: 1) require equity investments (except those accounted for under the equity method of accounting, or those that result in consolidation of the investee) to be measured at fair value with changes in fair value recognized in net income; 2) require public business entities to use the exit price notion when measuring the fair value of financial instruments for disclosure purposes; 3) require separate presentation of financial assets and financial liabilities by measurement category and form of financial asset (i.e., securities or loans and receivables); 4) eliminate the requirement for public business entities to disclose the method(s) and significant assumptions used to estimate the fair value that is required to be disclosed for financial instruments measured at amortized cost. The amendments in this ASU are effective for public companies for fiscal years beginning after December 15, 2017, including interim periods within those fiscal years. The Company is currently assessing the impact that ASU 2016-01 will have on its consolidated financial statements. In February 2016, the FASB issued ASU No. 2016-02, “Leases (Topic 842).” Among other things, in the amendments in ASU 2016-02, lessees will be required to recognize the following for all leases (with the exception of short-term leases) at the commencement date: (1) a lease liability, which is a lessee’s obligation to make lease payments arising from a lease, measured on a discounted basis; and (2) a right-of-use asset, which is an asset that represents the lessee’s right to use, or control the use of, a specified asset for the lease term. Under the new guidance, lessor accounting is largely unchanged. Certain targeted improvements were made to align, where necessary, lessor accounting with the lessee accounting model and Topic 606, Revenue from Contracts with Customers. The amendments in this ASU are effective for fiscal years beginning after December 15, 2018, including interim periods within those fiscal years. Early application is permitted upon issuance. Lessees (for capital and operating leases) and lessors (for sales-type, direct financing, and operating leases) must apply a modified retrospective transition approach for leases existing at, or entered into after, the beginning of the earliest comparative period presented in the financial statements. The modified retrospective approach would not require any transition accounting for leases that expired before the earliest comparative period presented. Lessees and lessors may not apply a full retrospective transition approach. The Company is currently assessing the impact that ASU 2016-02 will have on its consolidated financial statements. During March 2016, the FASB issued ASU No. 2016-05, “Derivatives and Hedging (Topic 815): Effect of Derivative Contract Novations on Existing Hedge Accounting Relationships.” The amendments in this ASU clarify that a change in the counterparty to a derivative instrument that has been designated as the hedging instrument does not, in and of itself, require dedesignation of that hedging relationship provided that all other hedge accounting criteria remain intact. The amendments are effective for public business entities for financial statements issued for fiscal years beginning after December 15, 2016, and interim periods within those fiscal years. Early adoption is permitted, including adoption in an interim period. The Company does not expect the adoption of ASU 2016-05 to have a material impact on its consolidated financial statements. In March 2016, the FASB issued ASU No. 2016-07, “Investments – Equity Method and Joint Ventures (Topic 323): Simplifying the Transition to the Equity Method of Accounting.” The amendments in this ASU eliminate the requirement that when an investment qualifies for use of the equity method as a result of an increase in the level of ownership interest or degree of influence, an investor must adjust the investment, results of operations, and retained earnings retroactively on a step-by-step basis as if the equity method had been in effect during all previous periods that the investment had been held. The amendments require that the equity method investor add the cost of acquiring the additional interest in the investee to the current basis of the investor’s previously held interest and adopt the equity method of accounting as of the date the investment becomes qualified for equity method accounting. Therefore, upon qualifying for the equity method of accounting, no retroactive adjustment of the investment is required. In addition, the amendments in this ASU require that an entity that has an available-for-sale equity security that becomes qualified for the equity method of accounting recognize through earnings the unrealized holding gain or loss in accumulated other comprehensive income at the date the investment becomes qualified for use of the equity method. The amendments are effective for all entities for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2016. The amendments should be applied prospectively upon their effective date to increases in the level of ownership interest or degree of influence that result in the adoption of the equity method. Early Adoption is permitted. The Company does not expect the adoption of ASU 2016-07 to have a material impact on its consolidated financial statements. During March 2016, the FASB issued ASU No. 2016-09, “Compensation – Stock Compensation (Topic 718): Improvements to Employee Shares-Based Payment Accounting.” The amendments in this ASU simplify several aspects of the accounting for share-based payment award transactions including: (a) income tax consequences; (b) classification of awards as either equity or liabilities; and (c) classification on the statement of cash flows. The amendments are effective for public companies for annual periods beginning after December 15, 2016, and interim periods within those annual periods. The Company is currently assessing the impact that ASU 2016-09 will have on its consolidated financial statements.

Business Combination

Business Combination	3 Months Ended
	Mar. 31, 2016
Business Combination, Description [Abstract]
Business Combination Disclosure [Text Block]	Note 2. Business Combination On December 10, 2010, the Company purchased 1,355,263 59.8 5.9 Estimated fair values differed substantially in some cases from the carrying amounts of the assets and liabilities reflected in the financial statements of BVA which, in most cases were valued at historical cost. Subsequent to that date, the fair value adjustments were amortized over the expected life of the related asset or liability or otherwise adjusted as required by generally accepted accounting principles (“GAAP”). Interest income is impacted by the accretion of the fair value discount on the loan portfolio as well as the accretion of the accretable discount on loans acquired with deteriorated credit quality. Non-interest expense is impacted by a rent adjustment related to certain lease commitments being above market as of the day of the investment; and amortization of the core deposit intangible. On March 29, 2013, the minority shareholders of BVA exchanged their common shares in the Bank for common shares of Cordia. For each share of BVA exchanged, 0.664 In addition, the increased ownership percentage of BVA by Cordia has impacted the accounting of both entities. All of Cordia’s purchase accounting adjustments are now recorded in the BVA financial statements and the Cordia financial statements no longer reflect adjustments for non-controlling interests. Three Months Ended March 31, (dollars in thousands) 2016 2015 Loans $ 11 $ 21 Premises and equipment 2 2 Core deposit intangible (9) (9) Building lease obligations - 24 Net impact to net income (loss) $ 4 $ 38

Earnings Per Share

Earnings Per Share	3 Months Ended
	Mar. 31, 2016
Earnings Per Share [Abstract]
Earnings Per Share [Text Block]	Note 3. Earnings Per Share Basic earnings per share represents income available to common shareholders divided by the weighted-average number of common shares outstanding during the period. Diluted earnings per share reflect additional common shares that would have been outstanding if dilutive potential common shares had been issued, as well as any adjustment to income that would result from the assumed issuance. Options to purchase 125 144 For the periods ended March 31, 2016 and 2015, 394,125 578,125 Three months ended March 31, 2016 and 2015: (dollars in thousands) 2016 2015 Net income (loss) attributable to Company $ (2,315) $ 351 Weighted average common shares outstanding, basic 6,658,976 6,559,217 Dilutive effect of stock options - - Weighted average common shares outstanding, diluted 6,658,976 6,559,217 Basic income (loss) per common share $ (0.35) $ 0.05 Diluted income (loss) per common share $ (0.35) $ 0.05

Securities

Securities	3 Months Ended
	Mar. 31, 2016
Marketable Securities [Abstract]
Cash, Cash Equivalents, and Marketable Securities [Text Block]	Note 4. Securities Our investment portfolio consists of U.S. agency debt and agency guaranteed mortgage-backed securities. Our investment security portfolio includes securities classified as available for sale as well as securities classified as held to maturity. We classify securities as available for sale or held to maturity based on our investment strategy and management’s assessment of our intent and ability to hold the securities until maturity. The total securities portfolio (excluding restricted securities) was $ 82.1 71.7 44.9 37.2 March 31, 2016 Amortized Gross Unrealized (dollars in thousands) Cost Gains Losses Fair Value U.S. Government agencies $ 1,996 $ 11 $ (9) $ 1,998 Agency guaranteed mortgage-backed securities 42,825 173 (97) 42,901 Total $ 44,821 $ 184 $ (106) $ 44,899 December 31, 2015 Amortized Gross Unrealized (dollars in thousands) Cost Gains Losses Fair Value U.S. Government agencies $ 2,144 $ 5 $ (10) $ 2,139 Agency guaranteed mortgage-backed securities 44,529 3 (451) 44,081 Total $ 46,673 $ 8 $ (461) $ 46,220 March 31, 2016 Amortized Gross Unrealized (dollars in thousands) Cost Gains Losses Fair Value Agency guaranteed mortgage-backed securities $ 37,227 $ 486 $ (38) $ 37,675 Total $ 37,227 $ 486 $ (38) $ 37,675 December 31, 2015 Amortized Gross Unrealized (dollars in thousands) Cost Gains Losses Fair Value Agency guaranteed mortgage-backed securities $ 25,500 $ 230 $ (36) $ 25,694 Total $ 25,500 $ 230 $ (36) $ 25,694 Amortized (Dollars in thousands) Cost Fair Value Over five years within ten years $ 1,996 $ 1,998 Over ten years 42,825 42,901 Total $ 44,821 $ 44,899 The carry value and fair value of securities held to maturity as of March 31, 2016, by contractual maturity are shown below. Expected maturities may differ from contractual maturities because issuers may have the right to call or prepay obligations without penalties. They are as follows: Amortized (Dollars in thousands) Cost Fair Value Over five years within ten years $ 3,616 $ 3,779 Over ten years 33,611 33,896 Total $ 37,227 $ 37,675 As of March 31, 2016, the portfolio is concentrated in average maturities of over ten years, although all recently purchased securities have effective duration much shorter than ten years. The portfolio is available to support liquidity needs of the Company. The Company did not sell available for sale securities during the three months ended March 31, 2016. During the three months ended March 31, 2015, the Company sold $ 13.1 114 March 31, 2016 Less than 12 Months 12 Months or Longer Total Unrealized Unrealized Unrealized (dollars in thousands) Fair Value Losses Fair Value Losses Fair Value Losses U.S. Government agencies $ - $ - $ 1,448 $ (9) $ 1,448 $ (9) Agency guaranteed mortgage-backed securities 19,347 (101) 3,233 (34) 22,580 (135) Total $ 19,347 $ (101) $ 4,681 $ (43) $ 24,028 $ (144) December 31, 2015 Unrealized Unrealized Unrealized (dollars in thousands) Fair Value Losses Fair Value Losses Fair Value Losses U.S. Government agencies $ - $ - $ 1,521 $ (10) $ 1,521 $ (10) Agency guaranteed mortgage-backed securities 43,021 (429) 3,315 (58) 46,336 (487) Total $ 43,021 $ (429) $ 4,836 $ (68) $ 47,857 $ (497) As of March 31, 2016, there were U.S. Government agency securities and agency guaranteed mortgage-backed securities with unrealized losses totaling $ 144 497 Investment securities with combined market values of $ 13.4 13.8 22.6 16.8

Loans Held for Sale

Loans Held for Sale	3 Months Ended
	Mar. 31, 2016
Receivables [Abstract]
Loans, Notes, Trade and Other Receivables Disclosure [Text Block]	Note 5. Loans Held for Sale Secondary market mortgage loans are designated as held for sale at the time of their origination. These loans are pre-sold with servicing released and the Company does not retain any interest after the loans are sold. These loans consist primarily of fixed-rate, single-family residential mortgage loans which meet the underwriting characteristics of certain government–sponsored enterprises (conforming loans). In addition, the Company requires a firm purchase commitment from a permanent investor before a loan can be committed, thus limiting interest rate risk. Loans held for sale are carried at the lower of cost or fair value. Gains on sales of loans are recognized at the loan closing date and are included in noninterest income. The Company had $ 173 220 In the first quarter of 2016, the Company transferred $ 29.8 24.0 10.5 206 (dollars in thousands) 2016 Balance at January 1 $ - Additions 706 Loss on sale of loans (500) Balance at March 31 $ 206

Loans, Allowance for Loan Losse

Loans, Allowance for Loan Losses and Credit Quality	3 Months Ended
	Mar. 31, 2016
Allowance For Loan And Lease Losses Provision For Net Loss [Abstract]
Allowance for Credit Losses [Text Block]	Note 6. Loans, Allowance for Loan Losses and Credit Quality Loans by Loan Class The Bank categorizes its loan receivables into four main categories which are commercial real estate loans, commercial and industrial loans, guaranteed student loans, and consumer loans. Each category of loan has a different level of credit risk. Real estate loans are generally safer than loans secured by other assets because the value of the underlying collateral is generally ascertainable and does not fluctuate as much as other assets. Owner occupied commercial real estate loans are generally the least risky type of commercial real estate loan. Non owner occupied commercial real estate loans and construction and development loans contain more risk. Commercial loans, which can be secured by real estate or other assets, or which can be unsecured, are generally more risky than commercial real estate loans. Guaranteed student loans are guaranteed by the U.S. Department of Education for approximately 98 (dollars in thousands) March 31, 2016 December 31, 2015 Commercial Real Estate: Acquisition, development and construction $ 2,209 $ 2,168 Non-owner occupied 66,269 58,044 Owner occupied 42,425 45,690 Commercial and industrial 32,881 34,819 Guaranteed student loans 51,693 53,847 Consumer: Residential mortgage 17,960 18,140 HELOC 11,208 10,603 Other 775 22,722 Total loans 225,420 246,033 Allowance for loan losses (866) (823) Total loans, net of allowance for loan losses $ 224,554 $ 245,210 Included in the loan balances above are net deferred loan costs of $ 1.3 1.7 801 827 Loans Acquired with Evidence of Deterioration in Credit Quality Acquired in the acquisition of Bank of Virginia and included in the table above, are purchased performing loans and loans acquired with evidence of deterioration in credit quality. The purchased performing loans are $ 6.1 6.9 (dollars in thousands) March 31, 2016 December 31, 2015 Contract principal balance $ 4,373 $ 4,779 Accretable yield - (1) Carrying value of loans $ 4,373 $ 4,778 A discount is applied to these loans such that the carrying amount approximates the cash flows expected to be received from the borrower or from the liquidation of collateral. In December 2010, due to the high level of uncertainty regarding the timing and amount of these cash flows, management initially considered the entire discount to be nonaccretable. However, due to improvement in the status of some credits, the majority of the nonaccretable difference was subsequently transferred to accretable yield and is being amortized as a yield adjustment over the lives of the individual loans. Cash flows received on loans with a nonaccretable difference are applied on a cost recovery method, whereby payments are applied first to the loan balance. When the loan balance is fully recovered, payments are then being applied to income. Any future reductions in carrying value as a result of deteriorating credit quality require an allowance for loan losses related to these loans. 2016 2015 Accretable Accretable (dollars in thousands) Yield Yield Beginning balance $ 1 $ 42 Charge-offs related to loans covered by ASC 310-30 - - Transfers - - Accretion (1) (4) Ending balance $ - $ 38 Credit Quality Indicators Credit risk ratings reflect the current risk of default and/or loss for a given asset. The risk of loss is driven by factors intrinsic to the borrower and the unique structural characteristics of the loan. The credit risk rating begins with an analysis of the borrower’s credit history, ability to repay the debt as agreed, use of proceeds, and the value and stability of the value of the collateral securing the loan. The attributes ordinarily considered when reviewing a borrower are as follows: · industry/industry segment; · position within industry; · earnings, liquidity and operating cash flow trends; · asset and liability values; · financial flexibility/debt capacity; · management and controls; and · quality of financial reporting. The unique structural characteristics ordinarily considered when reviewing a loan are as follows: · credit terms/loan documentation; · guaranty/third party support; · collateral; and · loan maturity. On a quarterly basis, the process of estimating the allowance for loan loss begins with management’s review of the risk rating assigned to individual credits. Through this process, loans adversely risk rated are evaluated for impairment based on ASC 310-40. The following is a summary of the risk rating definitions the Company uses to assign a risk grade to each loan within the portfolio: Grade 1 - Highest Quality Loans to persons and businesses with unquestionable financial strength and character that carry extremely low probabilities of default. Balance sheets and cash flow are extremely strong relative to the magnitude of debt. This rating would be analogous to the highest investment grade ratings. Grade 2 - Above Average Quality Loans to persons and business entities with unquestioned character that carry low probabilities of default. Borrowers have strong, stable earnings and financial condition. Grade 3 - Satisfactory Loans to persons and businesses with acceptable financial condition that carry average probabilities of default. Borrower’s exhibit adequate cash flow to service debt and have acceptable levels of leverage. Grade 4 - Pass Loans to persons and businesses with a lack of stability in the primary source of repayment or temporary weakness in their balance sheet or earnings. These loans carry above average probabilities of default. These borrowers generally have higher leverage and less liquidity than loans rated 3-Satisfactory. Grade 5- Special Mention Loans to borrowers that exhibit potential credit weakness or a downward trend that warrant additional supervision. While potentially weak, the loan is currently marginally acceptable and no loss of principal or interest is envisioned. Grade 6 – Substandard Borrowers with one or more well defined weaknesses that jeopardize the orderly liquidation of the debt. Normal repayment from the borrower is in jeopardy, although no loss of principal is envisioned. Possibility of loss or protracted workout exists if immediate corrective action is not taken. Grade 7 – Doubtful Loans with all the weaknesses inherent in a Substandard classification, with the added provision that the weaknesses make collection of debt in full highly questionable and improbable, based on currently existing facts, conditions, and values. Serious problems exist to the point where a partial loss of principal is likely. Grade 8 – Loss Borrower is deemed incapable of repayment of the entire principal. A charge - March 31, 2016 (dollars in thousands) Commercial Real Estate Consumer Non- Guaranteed Acq-Dev owner Owner Commercial Student Residential Credit quality class Construction Occupied Occupied and Industrial Loans Mortgage HELOC Other Total 1 Highest quality $ - $ - $ - $ - $ - $ - $ - $ - $ - 2 Above average quality - 7,731 3,199 2,415 51,693 - 1,606 372 67,016 3 Satisfactory 1,310 29,583 17,015 23,690 - 12,274 5,868 354 90,094 4 Pass 227 27,600 19,849 6,241 - 5,485 2,872 49 62,323 5 Special mention - - - 534 - 26 268 - 828 6 Substandard 121 - 390 1 - 39 235 - 786 7 Doubtful - - - - - - - - - 1,658 64,914 40,453 32,881 51,693 17,824 10,849 775 221,047 Loans acquired with deteriorated credit quality 551 1,355 1,972 - - 136 359 - 4,373 Total loans $ 2,209 $ 66,269 $ 42,425 $ 32,881 $ 51,693 $ 17,960 $ 11,208 $ 775 $ 225,420 December 31, 2015 (dollars in thousands) Commercial Real Estate Consumer Non- Guaranteed Acq-Dev owner Owner Commercial Student Residential Credit quality class Construction Occupied Occupied and Industrial Loans Mortgage HELOC Other Total 1 Highest quality $ - $ - $ - $ - $ - $ - $ - $ - $ - 2 Above average quality - 7,772 3,285 1,876 53,847 - 1,063 396 68,239 3 Satisfactory 989 27,397 20,355 26,289 - 11,959 5,893 22,258 115,140 4 Pass 472 19,988 19,550 6,102 - 5,976 2,779 68 54,935 5 Special mention - 1,510 - 547 - 27 269 - 2,353 6 Substandard 152 - 151 5 - 41 239 - 588 7 Doubtful - - - - - - - - - 1,613 56,667 43,341 34,819 53,847 18,003 10,243 22,722 241,255 Loans acquired with deteriorated credit quality 555 1,377 2,349 - - 137 360 - 4,778 Total loans $ 2,168 $ 58,044 $ 45,690 $ 34,819 $ 53,847 $ 18,140 $ 10,603 $ 22,722 $ 246,033 Commercial Real Estate Consumer Guaranteed Acq-Dev Non-owner Owner Commercial Student Residential At March 31, 2016 ( in thousands) Construction Occupied Occupied and Industrial Loans Mortgage HELOC Other Total 30 - 59 days $ - $ - $ - $ - $ 2,619 $ - $ - $ - $ 2,619 60 - 89 days - - - 1,965 - 64 - 2,029 > 90 days 121 - 886 - 6,866 - - - 7,873 Total past due 121 - 886 - 11,450 - 64 - 12,521 Current 2,088 66,269 41,539 32,881 40,243 17,960 11,144 775 212,899 Total loans $ 2,209 $ 66,269 $ 42,425 $ 32,881 $ 51,693 $ 17,960 $ 11,208 $ 775 $ 225,420 > 90 days still accruing $ - $ - $ - $ - $ 6,866 $ - $ - $ - $ 6,866 Commercial Real Estate Consumer Guaranteed Acq-Dev Non-owner Owner Commercial Student Residential At December 31, 2015 (in thousands) Construction Occupied Occupied and Industrial Loans Mortgage HELOC Other Total 30 - 59 days $ - $ - $ - $ - $ 3,178 $ - $ - $ 73 $ 3,251 60 - 89 days - - - - 2,413 - - - 2,413 > 90 days 152 - 1,388 - 9,645 - - - 11,185 Total past due 152 - 1,388 - 15,236 - - 73 16,849 Current 2,016 58,044 44,302 34,819 38,611 18,140 10,603 22,649 229,184 Total loans $ 2,168 $ 58,044 $ 45,690 $ 34,819 $ 53,847 $ 18,140 $ 10,603 $ 22,722 $ 246,033 > 90 days still accruing $ - $ - $ - $ - $ 9,645 $ - $ - $ - $ 9,645 Non-accrual Loans Loans are placed on nonaccrual status when management believes the collection of the principal and interest is doubtful. A delinquent loan is generally placed in nonaccrual status when: · principal and/or interest is past due for 90 days or more, unless the loan is well-secured or in the process of collection; · the financial strength of the borrower or a guarantor has materially declined; · collateral value has declined; or · other facts would make the repayment in full of principal and interest unlikely. Loans placed on nonaccrual status are reported to the Board at its next regular meeting. When a loan is placed on nonaccrual, all interest which has been accrued is charged back against current earnings as a reduction in interest income, which adversely affects the yield on loans in the period of reversal. No additional interest is accrued on the loan balance until the collection of both principal and interest becomes reasonably certain. Loans placed on non-accrual status generally may be returned to accrual status after: · payments are received for approximately six (6) consecutive months in accordance with the loan documents, and any doubt as to the loan's full collectability has been removed; or · the loan is restructured and supported by a well-documented credit evaluation of the borrower's financial condition and the prospects for full payment. When a restructured loan is returned to accrual status after restructuring, the risk rating remains unchanged until a satisfactory payment history is re-established, typically for approximately six months, at which time it is returned to accrual status. March 31, December 31, (dollars in thousands) 2016 2015 Commercial Real Estate: Acquisition, development and construction $ 121 $ 152 Non-owner occupied - Owner occupied 1,275 1,388 Commercial and industrial 1 5 Guaranteed Student Loans - Consumer: Residential mortgage - - HELOC 286 289 Total non-accrual loans $ 1,683 $ 1,834 Non-accrual troubled debt restructurings included above $ 390 $ - Non-accrual purchased credit impaired loans included above $ 1,017 $ 1,370 Impaired Loans All loans that are rated Substandard or worse or are expected to be downgraded to Substandard, require additional analysis to determine if the loan is impaired. All loans that are rated Special Mention are presumed not to be impaired. However, Special Mention rated loans are typically evaluated for the following adverse characteristics that may indicate further analysis is warranted before completing an assessment of impairment: · a loan is 60 days or more delinquent on scheduled principal or interest; · a loan is presently in an unapproved over-advanced position; · a loan is newly modified; or · a loan is expected to be modified. The following information is a summary of the Company’s policies pertaining to impaired loans: A loan is deemed impaired when, based on current information and events, it is probable that all amounts due according to the contractual terms of the loan agreement will not be collected when due. Factors impairing repayment might include: inadequate repayment capacity, severe erosion of equity, likely reliance on non-primary source of repayment, guarantors with limited resources, and obvious material deterioration in borrower’s financial condition. The possibility of loss or protracted workout exists if immediate corrective action is not taken. Once deemed impaired, the loan is then analyzed for the extent of the impairment. Impairment is the difference between the principal balance of the loan and (i) the discounted cash flows of the borrower or (ii) the fair market value of the collateral less the costs involved with liquidation (i.e., real estate commissions, attorney costs, etc.). This difference is then reflected as a component in the allowance for loan loss as a specific reserve. Government Guaranteed Student loans with a past due balance greater than 90 days are not placed on non-accrual and are not considered impaired. When a loan reaches 120 days past due, the non-guaranteed portion of the loan is charged-off. The guarantor’s payment covers approximately 98% of principal and accrued interest. A component of the general loan loss reserve covers potential losses within the 2 Certain loans were identified and individually evaluated for impairment at March 31, 2016 and December 31, 2015. A number of these impaired loans were not charged with a valuation allowance due to Management’s judgment that the cash flows from the underlying collateral or equity available from guarantors was sufficient to recover the Company’s entire investment, while one loan experienced collateral deterioration and a supplemental specific reserve was added. There were no consumer mortgage loans collateralized by residential real estate in the process of foreclosure as of March 31, 2016. The results of those analyses are presented in the following tables. Average Recorded Unpaid Related Recorded Interest (dollars in thousands) Investment (1) Principal (2) Allowance Investment Recorded With no related allowance recorded: Commercial Real Estate: Acquisition, development and construction $ 121 $ 121 $ - $ 129 $ - Non-owner occupied - - - - - Owner occupied 390 390 - 60 - Commercial and industrial 1 1 - 3 - Consumer: - Residential mortgage 39 39 - 40 1 HELOC 171 171 - 173 1 Other - - - - - $ 722 $ 722 $ - $ 405 $ 2 With an allowance recorded: Commercial Real Estate: Acquisition, development and construction $ - $ - $ - $ - $ - Non-owner occupied - - - - - Owner occupied - - - - - Commercial and industrial - - - - - Consumer: Residential mortgage - - - - - HELOC 64 64 16 64 - Other - - - - - $ 64 $ 64 $ 16 $ 64 $ - Total: Commercial Real Estate: Acquisition, development and construction $ 121 $ 121 $ - $ 129 $ - Non-owner occupied - - - - - Owner occupied 390 390 - 60 - Commercial and industrial 1 1 - 3 - Consumer: - - - - - Residential mortgage 39 39 - 40 1 HELOC 235 235 16 64 1 Other - - - - - Total $ 786 $ 786 $ 16 $ 296 $ 2 The following is a summary of related impaired loans, excluding acquired impaired loans, presented by portfolio class as of December 31, 2015: Average Recorded Unpaid Related Recorded Interest (dollars in thousands) Investment (1) Principal (2) Allowance Investment Recorded With no related allowance recorded: Commercial Real Estate: Acquisition, development and construction $ 152 $ 152 $ - $ 188 $ - Non-owner occupied - - - - - Owner occupied 151 152 - 156 - Commercial and industrial 5 5 - 13 - Consumer: Residential mortgage 41 41 - 44 3 HELOC 175 175 - 185 3 Other - - - - $ 524 $ 525 $ - $ 586 $ 6 With an allowance recorded: Commercial Real Estate: Acquisition, development and construction $ - $ - $ - $ - $ - Non-owner occupied - - - - - Owner occupied - - - - - Commercial and industrial - - - - - Consumer: Residential mortgage - - - - - HELOC 64 64 16 66 - Other - - - - - $ 64 $ 64 $ 16 $ 66 $ - Total: Commercial Real Estate: Acquisition, development and construction $ 152 $ 152 $ - $ 188 $ - Non-owner occupied - - - - - Owner occupied 151 152 - 156 - Commercial and industrial 5 5 - 13 - Consumer: - - - - - Residential mortgage 41 41 - 44 3 HELOC 239 239 16 251 3 Other - - - - - Total $ 588 $ 589 $ 16 $ 652 $ 6 (1) The amount of the investment in a loan, which is not net of a valuation allowance, but which does reflect any direct write-down of the investment. (2) The contractual amount due, which reflects paydowns applied in accordance with loan documents, but which does not reflect any direct write-downs. Loans with deteriorated credit quality acquired as part of the Bank of Virginia acquisition are accounted for under the requirements of ASC 310-30. These loans are not considered impaired and not included in the table above. Commercial Real Estate Consumer Acquisition, Development, Non-owner Owner Commercial Guaranteed Residential (dollars in thousands) Construction Occupied Occupied and Industrial Student Loans Mortgage HELOC Other Total Allowance for loan losses Beginning balance, December 31, 2015 $ 89 $ 157 $ 82 $ 112 $ 47 $ 59 $ 61 $ 216 $ 823 Charge-offs - - - - - - - (71) (71) Recoveries - - - 13 1 1 1 - 16 Net (charge-offs) recoveries - - - 13 1 1 1 (71) (55) Provision (recovery) (44) 149 55 44 (1) 18 20 (143) 98 Ending balance, March 31, 2016 $ 45 $ 306 $ 137 $ 169 $ 47 $ 78 $ 82 $ 2 $ 866 Commercial Real Estate Consumer Acquisition, Development, Non-owner Owner Commercial Guaranteed Residential (dollars in thousands) Construction Occupied Occupied and Industrial Student Loans Mortgage HELOC Other Total Allowance for loan losses Beginning balance, December 31, 2014 $ 146 $ 97 $ 149 $ 357 $ 144 $ 98 $ 76 $ 22 $ 1,089 Charge-offs - - - (109) - - - (47) (156) Recoveries - 234 - 271 - 1 3 - 509 Net (charge-offs) recoveries - 234 - 162 - 1 3 (47) 353 Provision (recovery) 24 (75) (22) (275) (14) (44) 11 55 (340) Ending balance, March 31, 2015 $ 170 $ 256 $ 127 $ 244 $ 130 $ 55 $ 90 $ 30 $ 1,102 A summary of the ALLL by portfolio segment and impairment evaluation methodology as of March 31, 2016 and December 31, 2015 is as follows: Commercial Real Estate Consumer Acquisition, Development, Non-owner Owner Commercial Guaranteed Residential (dollars in thousands) Construction Occupied Occupied and Industrial Student Loans Mortgage HELOC Other Total Allowance for loan losses for loans Individually evaluated for impairment $ - $ - $ - $ - $ - $ - $ 16 $ - $ 16 Collectively evaluated for impairment 45 306 137 169 47 78 66 2 850 Loans acquired with deteriorated credit quality - - - - - - - - - Ending balance, March 31, 2016 $ 45 $ 306 $ 137 $ 169 $ 47 $ 78 $ 82 $ 2 $ 866 Gross loan balances Individually evaluated for impairment $ 121 $ - $ 390 $ 1 $ - $ 39 $ 235 $ - $ 786 Collectively evaluated for impairment 1,537 64,914 40,063 32,880 51,693 17,785 10,614 775 220,261 Loans acquired with deteriorated credit quality 551 1,355 1,972 - - 136 359 - 4,373 Ending balance, March 31, 2016 $ 2,209 $ 66,269 $ 42,425 $ 32,881 $ 51,693 $ 17,960 $ 11,208 $ 775 $ 225,420 Commercial Real Estate Consumer Acquisition, Development, Non-owner Owner Commercial Guaranteed Residential (dollars in thousands) Construction Occupied Occupied and Industrial Student Loans Mortgage HELOC Other Total Allowance for loan losses for loans Individually evaluated for impairment $ - $ - $ - $ - $ - $ - $ 16 $ - $ 16 Collectively evaluated for impairment 89 157 82 112 47 59 45 216 807 Loans acquired with deteriorated credit quality - - - - - - - - - Ending balance, December 31, 2015 $ 89 $ 157 $ 82 $ 112 $ 47 $ 59 $ 61 $ 216 $ 823 Gross loan balances Individually evaluated for impairment $ 152 $ - $ 151 $ - $ - $ 41 $ 239 $ - $ 588 Collectively evaluated for impairment 1,461 56,667 43,190 34,814 53,847 17,962 10,004 22,722 240,667 Loans acquired with deteriorated credit quality 555 1,377 2,349 - - 137 360 - 4,778 Ending balance, December 31, 2015 $ 2,168 $ 58,044 $ 45,690 $ 34,819 $ 53,847 $ 18,140 $ 10,603 $ 22,722 $ 246,033 Troubled Debt Restructurings A modification is classified as a troubled debt restructuring (“TDR”) if both of the following exist: (1) the borrower is experiencing financial difficulty and (2) the Company has granted a concession to the borrower. The Company determines that a borrower may be experiencing financial difficulty if the borrower is currently delinquent on any of its debt, or if the Company is concerned that the borrower may not be able to perform in accordance with the current terms of the loan agreement in the foreseeable future. Many aspects of the borrower’s financial situation are assessed when determining whether they are experiencing financial difficulty, particularly as it relates to commercial borrowers due to the complex nature of the loan structure, business/industry risk and borrower/guarantor structures. Concessions may include the reduction of an interest rate at a rate lower than current market rate for a new loan with similar risk, extension of the maturity date, reduction of accrued interest, or principal forgiveness. When evaluating whether a concession has been granted, the Company also considers whether the borrower has provided additional collateral or guarantors and whether such additions adequately compensate the Company for the restructured terms, or if the revised terms are consistent with those currently being offered to new loan customers. The assessments of whether a borrower is experiencing (or is likely to experience) financial difficulty and whether a concession has been granted is subjective in nature and management’s judgment is required when determining whether a modification is a TDR. Although each occurrence is unique to the borrower and is evaluated separately, for all portfolio segments, TDRs are typically modified through reductions in interest rates, reductions in payments, changing the payment terms from principal and interest to interest only, and/or extensions in term maturity. During the quarter ended March 31, 2016, one loan was modified in a troubled debt restructuring. During the quarter ended March 31, 2015, no loans were modified in troubled debt restructurings. The principal balance outstanding relating to the loan at March 31, 2016, was $ 390 Three Months Ended March 31, 2016 Pre-modification Post-modification Rate recorded recorded 2016 (dollars in thousands) Number of loans modification Term extension investment investment Commercial real estate $ 1 $ - $ 353 $ 353 $ 390 Total $ 1 $ - $ 353 $ 353 $ 390

Intangible Assets

Intangible Assets	3 Months Ended
	Mar. 31, 2016
Goodwill and Intangible Assets Disclosure [Abstract]
Intangible Assets Disclosure [Text Block]	Note 7. Intangible Assets In 2010, the Company acquired a majority interest in the Bank of Virginia. The Company recorded a core deposit intangible related to this acquisition of $ 249 (dollars in thousands) 2016 2015 Balance at January 1 $ 68 $ 104 Amortization (9) (9) Balance at March 31 $ 59 $ 95 Amortization expense is expected to be approximately $ 35 33

Fair Value Measurements

Fair Value Measurements	3 Months Ended
	Mar. 31, 2016
Fair Value Disclosures [Abstract]
Fair Value, Measurement Inputs, Disclosure [Text Block]	Note 8. Fair Value Measurements Fair value information about financial instruments, whether or not recognized in the balance sheet, for which it is practical to estimate the value is based upon the characteristics of the instruments and relevant market information. Financial instruments include cash, evidence of ownership in an entity, or contracts that convey or impose on an entity that contractual right or obligation to either receive or deliver cash for another financial instrument. Fair value is the amount at which a financial instrument could be exchanged in a current transaction between willing parties, other than in a forced sale or liquidation, and is best evidenced by a quoted market price if one exists. The following presents the methodologies and assumptions used to estimate the fair value of the Company’s financial instruments. The information used to determine fair value is highly subjective and judgmental in nature and, therefore, the results may not be precise. Subjective factors include, among other things, estimates of cash flows, risk characteristics, credit quality, and interest rates, all of which are subject to change. Since the fair value is estimated as of the balance sheet date, the amounts that will actually be realized or paid upon settlement or maturity on these various instruments could be significantly different. Financial Instruments with Book Value Equal to Fair Value The book values of cash and due from banks, federal funds sold and purchased, loans held for sale, interest receivable, and interest payable are considered to be equal to fair value as a result of the short-term nature of these items. Securities The fair value for securities available for sale and securities held to maturity is based on current market quotations, where available. If quoted market prices are not available, fair value has been based on the quoted price of similar instruments. Restricted securities are valued at cost which is also the stated redemption value of the shares. Restricted Securities Restricted securities are valued at cost which is also the stated redemption value of the shares. Loans Held for Sale The residential mortgage loans’ fair value is based on the price secondary markets are offering for similar loans using observable market data which is not materially different than cost due to the short duration between origination and sale. The refinanced private student loans fair value is based upon a recent loan sale observed by the Company in what is considered to be its principal market. Loans Held for Investments The estimated value of loans held for investment is measured based upon discounted future cash flows using the current rates for similar loans, as well as assumptions related to credit risk. Deposits Deposits without a stated maturity, including demand, interest-bearing demand, and savings accounts, are reported at their carrying value in accordance with authoritative accounting guidance. No value has been assigned to the franchise value of these deposits. For other types of deposits with fixed maturities, fair value has been estimated by discounting future cash flows based on interest rates currently being offered on deposits with similar characteristics and maturities. Borrowings and Other Indebtedness Fair value has been estimated based on interest rates currently available to the Company for borrowings with similar characteristics and maturities. Commitments to Extend Credit, Standby Letters of Credit, and Financial Guarantees Fair values for off-balance-sheet, credit-related financial instruments are based on fees currently charged to enter into similar agreements, taking into account the remaining terms of the agreements and the counterparties’ credit standing. At March 31, 2016 and December 31, 2015, the fair value of loan commitments and standby letters of credit was deemed to be immaterial and therefore is not included. Determination of Fair Value 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 the Fair Value Measurements and Disclosure topic of FASB ASC, the fair value of a financial instrument is the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. Fair value is best determined based upon quoted market prices. However, in many instances, there are no quoted market prices for the Company’s various financial instruments. In cases where quoted market prices are not available, fair values are based on estimates using present value or other valuation techniques. Those techniques are significantly affected by the assumptions used, including the discount rate and estimate of future cash flows. Accordingly, the fair value estimates may not be realized in an immediate settlement of the instrument. 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 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 market conditions depends on the facts and circumstances and requires the use of significant judgment. Authoritative accounting literature specifies a hierarchy of valuation techniques based on whether the inputs to those valuation techniques are observable or unobservable. Observable inputs reflect market data obtained from independent sources, while unobservable inputs reflect the Company’s market assumptions. The three levels of the fair value hierarchy based on these two types of inputs are as follows: Level 1 Valuation is based upon quoted prices for identical instruments traded in active markets. Level 2 Valuation is based upon quoted prices for similar instruments in active markets, quoted prices for identical or similar instruments in markets that are not active, and model-based valuation techniques for which all significant assumptions are observable in the market. Level 3 Valuation is generated from model-based techniques that use at least one significant assumption not observable in the market. These unobservable assumptions reflect estimates of assumptions that market participants would use in pricing the asset or liability. Valuation techniques include use of option pricing models, discounted cash flow models and similar techniques. Fair Value Measurements at March 31, 2016 (dollars in thousands) Carrying amount Level 1 Level 2 Level 3 Fair Value Assets: Cash and cash equivalents $ 17,716 $ 17,716 $ - $ - $ 17,716 Securities available for sale 44,899 - 44,899 - 44,899 Securities held to maturity 37,227 - 37,675 - 37,675 Restricted securities 2,393 - 2,393 - 2,393 Loans held for sale 10,646 - 10,646 - 10,646 Net loans held for investment 224,554 - - 223,352 223,352 Interest receivable 2,018 2,018 2,018 Liabilities: Demand deposits 26,938 - 26,938 - 26,938 Savings and interest-bearing demand deposits 112,582 - 112,582 - 112,582 Time deposits 150,503 - 149,284 - 149,284 FHLB Borrowings 30,000 - 29,953 - 29,953 Interest payable 221 - 221 - 221 Fair Value Measurements at December 31, 2015 (dollars in thousands) Carrying amount Level 1 Level 2 Level 3 Fair Value Assets: Cash and cash equivalents $ 18,460 $ 18,460 $ - $ - $ 18,460 Securities available for sale 46,220 - 46,220 - 46,220 Securities held to maturity 25,500 - 25,694 - 25,694 Restricted securities 2,355 - 2,355 - 2,355 Loans held for sale 220 - 220 - 220 Net loans held for investment 245,210 - - 244,776 244,776 Interest receivable 2,085 - 2,085 - 2,085 Liabilities: Demand deposits 28,969 - 28,969 - 28,969 Savings and interest-bearing demand deposits 107,057 - 107,057 - 107,057 Time deposits 154,018 - 154,027 - 154,027 FHLB Borrowings 30,000 - 29,878 - 29,878 Interest payable 197 - 197 - 197 The following describes the valuation techniques used by the Company to measure certain financial assets and liabilities recorded at fair value on a recurring basis in the financial statements: Securities available for sale Securities available for sale are recorded at fair value on a recurring basis. Fair value measurement is based upon quoted market prices, when available (Level 1). If quoted market prices are not available, fair values are measured utilizing independent valuation techniques of identical or similar securities for which significant assumptions are derived primarily from or corroborated by observable market data. Third party vendors compile prices from various sources and may determine the fair value of identical or similar securities by using pricing models that consider observable market data (Level 2). Quoted Prices in Active Markets for Significant Identical Significant Other Unobservable Assets Observable Inputs Inputs (dollars in thousands) Balance (Level 1) (Level 2) (Level 3) March 31, 2016 U. S. Government Agencies $ 1,998 $ - $ 1,998 $ - Agency Guaranteed Mortgage-backed securities 42,901 - 42,901 - Loans held for sale 10,646 - 10,646 - December 31, 2015 U. S. Government Agencies $ 2,139 $ - $ 2,139 $ - Agency Guaranteed Mortgage-backed securities 44,081 - 44,081 - Loans held for sale 220 - 220 - Certain assets are measured at fair value on a nonrecurring basis in accordance with GAAP. Adjustments to the fair value of these assets usually result from the application of lower-of-cost-or-market accounting or write-downs of individual assets. The following describes the valuation techniques used by the Company to measure certain assets recorded at fair value on a nonrecurring basis in the financial statements: Impaired Loans Loans are designated as impaired when, in the judgment of management based on current information and events, it is probable that all amounts due according to the contractual terms of the loan agreement will not be collected when due. The measurement of loss associated with impaired loans can be based on either the observable market price of the loan or the fair value of the collateral. Collateral may be in the form of real estate or business assets including equipment, inventory, and accounts receivable. The vast majority of the collateral is real estate. The value of real estate collateral is determined utilizing a market valuation approach based on an appraisal conducted by an independent, licensed appraiser outside of the Company using observable market data (Level 2). However, if the collateral value based on income valuation approach is significantly adjusted due to differences in the comparable properties, or is discounted by the Company because of marketability, then the fair value is considered Level 3. The value of business equipment is based upon an outside appraisal if deemed significant, or the net book value on the applicable business’s financial statements if not considered significant. Likewise, values for inventory and accounts receivables collateral are based on financial statement balances or aging reports (Level 3). Impaired loans allocated to the Allowance for Loan Losses are measured at fair value on a nonrecurring basis. Any fair value adjustments are recorded in the period incurred as provision for loan losses on the Consolidated Statements of Operations. Other Real Estate Owned (OREO) Other real estate owned (“OREO”) is measured at fair value less cost to sell, based on an appraisal conducted by an independent, licensed appraiser outside of the Company. If the collateral value is significantly adjusted due to differences in the comparable properties, or is discounted by the Company because of marketability, then the fair value is considered Level 3. OREO is measured at fair value on a nonrecurring basis. Any initial fair value adjustment is charged against the allowance for loan losses. Subsequent fair value adjustments are recorded in the period incurred and included in other noninterest expense on the Consolidated Statements of Operations. Quoted Prices in Active Markets for Significant Identical Significant Other Unobservable Assets Observable Inputs Inputs (dollars in thousands) Balance (Level 1) (Level 2) (Level 3) March 31, 2016 Impaired loans $ 48 $ - $ - $ 48 OREO 2,017 - - 2,017 December 31, 2015 Impaired loans $ 48 $ - $ - $ 48 OREO 1,870 - - 1,870 There were no outstanding or in-process residential mortgage OREO properties as of March 31, 2016 or December 31, 2015. The following table presents qualitative information about level 3 fair value measurements for financial instruments measured at fair value on a non-recurring basis at March 31, 2016 and December 31, 2015 March 31, 2016 (dollars in thousands) Quantitative Information About Level 3 Fair Value Measurements Description Fair Value Valuation Technique Unobservable input Range Impaired loans $ 48 Appraisals Discount to reflect current market condition and estimated selling costs 0-10% Other real estate owned $ 2,017 Discounted appraised value Discount for lack of marketability 6-29% December 31, 2015 (dollars in thousands) Quantitative Information About Level 3 Fair Value Measurements Description Fair Value Valuation Technique Unobservable input Range Impaired loans $ 48 Appraisals Discount to reflect current market condition and estimated selling costs 0-10% Other real estate owned $ 1,870 Discounted appraised value Discount for lack of marketability 6-29%

Stock-Based Compensation

Stock-Based Compensation	3 Months Ended
	Mar. 31, 2016
Share-Based Compensation [Abstract]
Disclosure of Compensation Related Costs, Share-based Payments [Text Block]	Note 9. Stock-Based Compensation Stock-based compensation arrangements include stock options, restricted stock plans, performance-based awards, stock appreciation rights and employee stock purchase plans. ASC Topic 718 requires all share-based payments to employees to be valued using a fair value method on the date of grant and to be expensed based on that fair value over the applicable vesting period. At the 2005 Annual Meeting, shareholders ratified approval of the Bank of Virginia 2005 Stock Option Plan (the “2005 Plan”) which made available up to 26,560 At the 2011 Annual Meeting, the Bank’s shareholders approved a new share-based compensation plan (Bank of Virginia 2011 Stock Incentive Plan or the “2011 Plan”). Under this plan, employees, officers and directors of the Bank or its affiliates are eligible to receive grants, subject to approval by the board of directors. The plan’s intent was to reward employees, officers and directors of the Bank or its affiliates for their efforts, to assist in the long-term retention of service for those who were awarded, as well as align their interests with the Bank’s shareholders. At the 2014 Annual Meeting, Cordia shareholders approved an amendment to the 2011 Plan to increase the number of shares authorized for issuance by an additional 800,000 565,346 There were 20,000 10,000 12,500 Effective upon Cordia’s acquisition of the Bank on March 29, 2013, the 2005 and 2011 Plans were assumed by Cordia. Wgt. Avg. Wgt. Avg. Remaining Wgt. Avg. Aggregate Exercise Contractual Grant Date Intrinsic As of 12/31/2015 Stock Options Price Life Fair Value Value Outstanding 124,686 $ 6.59 - $ 2.25 $ - Vested 63,567 $ 8.71 - $ 2.94 $ - Nonvested 61,119 $ 4.39 - $ 1.54 $ - Period Activity Issued - $ - - $ - $ - Exercised - $ - - $ - $ - Forfeited - $ - - $ - $ - Expired - $ - - $ - $ - As of 3/31/2016 Outstanding 124,686 $ 6.59 7.29 $ 2.25 $ 2,260 Vested 79,985 $ 7.93 6.56 $ 2.68 $ 35 Nonvested 44,701 $ 4.20 8.61 $ 1.48 $ 2,224 Aggregate intrinsic value is calculated as the difference between the quoted price and the award exercise price of the stock. To the extent that the quoted price is less than the exercise price, there is no value to the underlying option awards, which was the case at March 31, 2016. 28 91 Outstanding as of March 31, 2016 Wgt. Avg. Wgt. Avg. Remaining Stock Options Exercise Contractual Range of Exercise Prices Outstanding Price Life $ 3.82 $ 61.00 124,686 $ 6.59 7.29 Total 124,686 $ 6.59 7.29 Exercisable: Wgt. Avg. Stock Options Exercise Range of Exercise Prices Exercisable Price $ 3.82 $ 61.00 79,985 $ 7.93 Total 79,985 $ 7.93 The fair value of each option granted is estimated on the date of grant using the "Black-Scholes Option Pricing" method with the following assumptions. Three Months Ended Year Ended March 31, 2016 December 31, 2015 Expected dividend rate 0.00 % 0.00 % Expected volatility 0.00 % 30.00 % Expected term in years 0 7 Risk free rate 0.00 % 2.01 % Total intrinsic value of options exercised: $ - Total fair value of shares vested: $ 27,886 Weighted-average period over which nonvested awards are expected to be recognized: 0.87 years Wgt. Avg. Grant Date As of 12/31/2015 Restricted Stock Fair Value Nonvested 107,460 $ 4.05 Period Activity Issued 24,214 $ 3.86 Vested 49,875 $ 4.07 Forfeited - - As of 3/31/2016 Nonvested 81,799 $ 3.99 Total fair value of shares vested: $ 202,869 Weighted-average period over which nonvested awards are expected to be recognized: 1.47 years The fair value of restricted stock granted during the quarter ended March 31, 2016 was $ 93 The remaining unrecognized compensation expense for the shares granted totaled $ 314 493 578,125 184,000 394,125 Stock Compensation Three Months Ended March 31, (in thousands) 2016 2015 Employee stock options $ 18 $ 12 Restricted stock options 150 43 Founders shares 718 - Total $ 886 $ 55 For the three months ended March 31, 2016, $ 800 886 Cordia does not have any benefit plans or incentive compensation plans beyond those maintained by the Bank.

Accumulated other Comprehensive

Accumulated other Comprehensive Income (Loss)	3 Months Ended
	Mar. 31, 2016
Statement of Comprehensive Income [Abstract]
Other Comprehensive Income, Noncontrolling Interest [Text Block]	Note 10. Accumulated other Comprehensive Income (Loss) Three Months Ended March 31, 2016 March 31, 2015 Unrealized Unrealized Unrealized losses losses Gain (Loss) transferred to Unrealized transferred on Available- Held-to- Gain (Loss) on to Held-to- for-Sale Maturity Available-for- Maturity Securities Securities Total Sale Securities Securities Total Beginning balance $ (453) $ (237) $ (690) $ (182) $ (286) $ (468) Unrealized holding losses on available for sale securities 531 - 531 304 - 304 Amortization of unrealized losses transferred from AFS to HTM reclassification adjustment - 11 11 - 12 12 Net current period other comprehensive income 531 11 542 304 12 316 Ending balance $ 78 $ (226) $ (148) $ 122 $ (274) $ (152) (in thousands) Three Months Ended March 31, Affected Line Item on 2016 2015 Consolidated Statement of Operations Amortization of unrealized losses transferred to held to maturity $ 11 $ 12 Interest income - investment securities Realized gains on sales of available for sale securities - 114 Net gain on sale of available-for-sale securities Total reclassifications $ 11 $ 126

Organization and Summary of S17

Organization and Summary of Significant Accounting Policies (Policies)	3 Months Ended
	Mar. 31, 2016
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Basis of Accounting, Policy [Policy Text Block]	Basis of Presentation The accounting and reporting policies of the Company conform to accounting principles generally accepted in the United States of America (“GAAP”) and prevailing practices within the financial services industry for interim financial information and Rule 10-01 of Regulation S-X. Accordingly, they do not include all of the information and notes required for complete financial statements and prevailing practices within the banking industry. Operating results for the three months ended March 31, 2016 are not necessarily indicative of the results that may be expected for any future periods or for the year ending December 31, 2016. In the opinion of management, all adjustments (comprising only normal recurring accruals) necessary for a fair presentation of the results of the interim periods have been included. These statements should be read in conjunction with the financial statements and accompanying notes included in the Company’s 2015 Annual Report on Form 10-K as filed with the Securities and Exchange Commission (“SEC”) on March 23, 2016.
Consolidation, Policy [Policy Text Block]	Principles of Consolidation The accompanying consolidated financial statements include all accounts of the Company and the Bank. All material intercompany balances and transactions have been eliminated in consolidation.
Summary Of Significant Accounting Policies [Policy Text Block]	We provide a summary of our significant accounting policies in our 2015 Form 10-K under “Note 1 – Organization and Summary of Significant Accounting Policies”. There have been no significant changes to these policies during 2016.
New Accounting Pronouncements, Policy [Policy Text Block]	In August 2014, the FASB issued ASU No. 2014-15, “Presentation of Financial Statements – Going Concern (Subtopic 205-40): Disclosure of Uncertainties about an Entity’s Ability to Continue as a Going Concern.” This update is intended to provide guidance about management’s responsibility to evaluate whether there is substantial doubt about an entity’s ability to continue as a going concern and to provide related footnote disclosures. Management is required under the new guidance to evaluate whether there are conditions or events, considered in the aggregate, that raise substantial doubt about the entity’s ability to continue as a going concern within one year after the date the financial statements are issued when preparing financial statements for each interim and annual reporting period. If conditions or events are identified, the ASU specifies the process that must be followed by management and also clarifies the timing and content of going concern footnote disclosures in order to reduce diversity in practice. The amendments in this ASU are effective for annual periods and interim periods within those annual periods beginning after December 15, 2016. Early adoption is permitted. The Company does not expect the adoption of ASU 2014-15 to have a material impact on its consolidated financial statements. In January 2016, the FASB issued ASU 2016-01, “Financial Instruments – Overall (Subtopic 825-10): Recognition and Measurement of Financial Assets and Financial Liabilities.” The amendments in ASU 2016-01, among other things: 1) require equity investments (except those accounted for under the equity method of accounting, or those that result in consolidation of the investee) to be measured at fair value with changes in fair value recognized in net income; 2) require public business entities to use the exit price notion when measuring the fair value of financial instruments for disclosure purposes; 3) require separate presentation of financial assets and financial liabilities by measurement category and form of financial asset (i.e., securities or loans and receivables); 4) eliminate the requirement for public business entities to disclose the method(s) and significant assumptions used to estimate the fair value that is required to be disclosed for financial instruments measured at amortized cost. The amendments in this ASU are effective for public companies for fiscal years beginning after December 15, 2017, including interim periods within those fiscal years. The Company is currently assessing the impact that ASU 2016-01 will have on its consolidated financial statements. In February 2016, the FASB issued ASU No. 2016-02, “Leases (Topic 842).” Among other things, in the amendments in ASU 2016-02, lessees will be required to recognize the following for all leases (with the exception of short-term leases) at the commencement date: (1) a lease liability, which is a lessee’s obligation to make lease payments arising from a lease, measured on a discounted basis; and (2) a right-of-use asset, which is an asset that represents the lessee’s right to use, or control the use of, a specified asset for the lease term. Under the new guidance, lessor accounting is largely unchanged. Certain targeted improvements were made to align, where necessary, lessor accounting with the lessee accounting model and Topic 606, Revenue from Contracts with Customers. The amendments in this ASU are effective for fiscal years beginning after December 15, 2018, including interim periods within those fiscal years. Early application is permitted upon issuance. Lessees (for capital and operating leases) and lessors (for sales-type, direct financing, and operating leases) must apply a modified retrospective transition approach for leases existing at, or entered into after, the beginning of the earliest comparative period presented in the financial statements. The modified retrospective approach would not require any transition accounting for leases that expired before the earliest comparative period presented. Lessees and lessors may not apply a full retrospective transition approach. The Company is currently assessing the impact that ASU 2016-02 will have on its consolidated financial statements. During March 2016, the FASB issued ASU No. 2016-05, “Derivatives and Hedging (Topic 815): Effect of Derivative Contract Novations on Existing Hedge Accounting Relationships.” The amendments in this ASU clarify that a change in the counterparty to a derivative instrument that has been designated as the hedging instrument does not, in and of itself, require dedesignation of that hedging relationship provided that all other hedge accounting criteria remain intact. The amendments are effective for public business entities for financial statements issued for fiscal years beginning after December 15, 2016, and interim periods within those fiscal years. Early adoption is permitted, including adoption in an interim period. The Company does not expect the adoption of ASU 2016-05 to have a material impact on its consolidated financial statements. In March 2016, the FASB issued ASU No. 2016-07, “Investments – Equity Method and Joint Ventures (Topic 323): Simplifying the Transition to the Equity Method of Accounting.” The amendments in this ASU eliminate the requirement that when an investment qualifies for use of the equity method as a result of an increase in the level of ownership interest or degree of influence, an investor must adjust the investment, results of operations, and retained earnings retroactively on a step-by-step basis as if the equity method had been in effect during all previous periods that the investment had been held. The amendments require that the equity method investor add the cost of acquiring the additional interest in the investee to the current basis of the investor’s previously held interest and adopt the equity method of accounting as of the date the investment becomes qualified for equity method accounting. Therefore, upon qualifying for the equity method of accounting, no retroactive adjustment of the investment is required. In addition, the amendments in this ASU require that an entity that has an available-for-sale equity security that becomes qualified for the equity method of accounting recognize through earnings the unrealized holding gain or loss in accumulated other comprehensive income at the date the investment becomes qualified for use of the equity method. The amendments are effective for all entities for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2016. The amendments should be applied prospectively upon their effective date to increases in the level of ownership interest or degree of influence that result in the adoption of the equity method. Early Adoption is permitted. The Company does not expect the adoption of ASU 2016-07 to have a material impact on its consolidated financial statements. During March 2016, the FASB issued ASU No. 2016-09, “Compensation – Stock Compensation (Topic 718): Improvements to Employee Shares-Based Payment Accounting.” The amendments in this ASU simplify several aspects of the accounting for share-based payment award transactions including: (a) income tax consequences; (b) classification of awards as either equity or liabilities; and (c) classification on the statement of cash flows. The amendments are effective for public companies for annual periods beginning after December 15, 2016, and interim periods within those annual periods. The Company is currently assessing the impact that ASU 2016-09 will have on its consolidated financial statements.

Business Combination (Tables)

Business Combination (Tables)	3 Months Ended
	Mar. 31, 2016
Business Combination, Description [Abstract]
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed [Table Text Block]	The accretion (amortization) of the acquisition accounting adjustments had the following impact on the financial statements: Three Months Ended March 31, (dollars in thousands) 2016 2015 Loans $ 11 $ 21 Premises and equipment 2 2 Core deposit intangible (9) (9) Building lease obligations - 24 Net impact to net income (loss) $ 4 $ 38

Earnings Per Share (Tables)

Earnings Per Share (Tables)	3 Months Ended
	Mar. 31, 2016
Earnings Per Share [Abstract]
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block]	The calculation for basic and diluted earnings per common share for the periods ended March 31, 2016 and 2015 are as follows: Three months ended March 31, 2016 and 2015: (dollars in thousands) 2016 2015 Net income (loss) attributable to Company $ (2,315) $ 351 Weighted average common shares outstanding, basic 6,658,976 6,559,217 Dilutive effect of stock options - - Weighted average common shares outstanding, diluted 6,658,976 6,559,217 Basic income (loss) per common share $ (0.35) $ 0.05 Diluted income (loss) per common share $ (0.35) $ 0.05

Securities (Tables)

Securities (Tables)	3 Months Ended
	Mar. 31, 2016
Marketable Securities [Abstract]
Available-for-sale Securities [Table Text Block]	The table below presents the amortized cost, gross unrealized gains and losses, and fair value of securities available for sale at March 31, 2016 and December 31, 2015. March 31, 2016 Amortized Gross Unrealized (dollars in thousands) Cost Gains Losses Fair Value U.S. Government agencies $ 1,996 $ 11 $ (9) $ 1,998 Agency guaranteed mortgage-backed securities 42,825 173 (97) 42,901 Total $ 44,821 $ 184 $ (106) $ 44,899 December 31, 2015 Amortized Gross Unrealized (dollars in thousands) Cost Gains Losses Fair Value U.S. Government agencies $ 2,144 $ 5 $ (10) $ 2,139 Agency guaranteed mortgage-backed securities 44,529 3 (451) 44,081 Total $ 46,673 $ 8 $ (461) $ 46,220
Held-to-maturity Securities [Table Text Block]	The table below presents the carry value, gross unrealized gains and losses, and fair value of securities held to maturity at March 31, 2016 and December 31, 2015. March 31, 2016 Amortized Gross Unrealized (dollars in thousands) Cost Gains Losses Fair Value Agency guaranteed mortgage-backed securities $ 37,227 $ 486 $ (38) $ 37,675 Total $ 37,227 $ 486 $ (38) $ 37,675 December 31, 2015 Amortized Gross Unrealized (dollars in thousands) Cost Gains Losses Fair Value Agency guaranteed mortgage-backed securities $ 25,500 $ 230 $ (36) $ 25,694 Total $ 25,500 $ 230 $ (36) $ 25,694
Fair Value, by Balance Sheet Grouping [Table Text Block]	The amortized cost and fair value of securities available for sale as of March 31, 2016, by contractual maturity are shown below. Expected maturities may differ from contractual maturities because issuers may have the right to call or prepay obligations without penalties. They are as follows: Amortized (Dollars in thousands) Cost Fair Value Over five years within ten years $ 1,996 $ 1,998 Over ten years 42,825 42,901 Total $ 44,821 $ 44,899 The carry value and fair value of securities held to maturity as of March 31, 2016, by contractual maturity are shown below. Expected maturities may differ from contractual maturities because issuers may have the right to call or prepay obligations without penalties. They are as follows: Amortized (Dollars in thousands) Cost Fair Value Over five years within ten years $ 3,616 $ 3,779 Over ten years 33,611 33,896 Total $ 37,227 $ 37,675
Schedule of Unrealized Loss on Investments [Table Text Block]	Unrealized losses on investments at March 31, 2016 and December 31, 2015 were as follows: March 31, 2016 Less than 12 Months 12 Months or Longer Total Unrealized Unrealized Unrealized (dollars in thousands) Fair Value Losses Fair Value Losses Fair Value Losses U.S. Government agencies $ - $ - $ 1,448 $ (9) $ 1,448 $ (9) Agency guaranteed mortgage-backed securities 19,347 (101) 3,233 (34) 22,580 (135) Total $ 19,347 $ (101) $ 4,681 $ (43) $ 24,028 $ (144) December 31, 2015 Unrealized Unrealized Unrealized (dollars in thousands) Fair Value Losses Fair Value Losses Fair Value Losses U.S. Government agencies $ - $ - $ 1,521 $ (10) $ 1,521 $ (10) Agency guaranteed mortgage-backed securities 43,021 (429) 3,315 (58) 46,336 (487) Total $ 43,021 $ (429) $ 4,836 $ (68) $ 47,857 $ (497)

Loans Held for Sale (Tables)

Loans Held for Sale (Tables)	3 Months Ended
	Mar. 31, 2016
Receivables [Abstract]
Disclosure of Long Lived Assets Held-for-sale [Table Text Block]	The activity in the valuation allowance is described in the table below: (dollars in thousands) 2016 Balance at January 1 $ - Additions 706 Loss on sale of loans (500) Balance at March 31 $ 206

Loans, Allowance for Loan Los22

Loans, Allowance for Loan Losses and Credit Quality (Tables)	3 Months Ended
	Mar. 31, 2016
Allowance For Loan And Lease Losses Provision For Net Loss [Abstract]
Schedule of Accounts, Notes, Loans and Financing Receivable [Table Text Block]	The following table exhibits loans by sub-segment at March 31, 2016 and December 31, 2015. (dollars in thousands) March 31, 2016 December 31, 2015 Commercial Real Estate: Acquisition, development and construction $ 2,209 $ 2,168 Non-owner occupied 66,269 58,044 Owner occupied 42,425 45,690 Commercial and industrial 32,881 34,819 Guaranteed student loans 51,693 53,847 Consumer: Residential mortgage 17,960 18,140 HELOC 11,208 10,603 Other 775 22,722 Total loans 225,420 246,033 Allowance for loan losses (866) (823) Total loans, net of allowance for loan losses $ 224,554 $ 245,210
Schedule Of Loans Acquired In Business Combination [Table Text Block]	The loans acquired with evidence of deterioration in credit quality are accounted for under the guidance ASC 310-30 “Receivables – Loans and Debt Securities Acquired with Deteriorated Credit Quality.” Information related to these loans is as follows: (dollars in thousands) March 31, 2016 December 31, 2015 Contract principal balance $ 4,373 $ 4,779 Accretable yield - (1) Carrying value of loans $ 4,373 $ 4,778
Summary Of Changes To Accretable and Non Accretable Discounts [Table Text Block]	A summary of changes to the accretable yield during the three months ended March 31, 2016 and 2015 is as follows: 2016 2015 Accretable Accretable (dollars in thousands) Yield Yield Beginning balance $ 1 $ 42 Charge-offs related to loans covered by ASC 310-30 - - Transfers - - Accretion (1) (4) Ending balance $ - $ 38
Financing Receivable Credit Quality Indicators [Table Text Block]	The following is the distribution of loans by credit quality and segment as of March 31, 2016 and December 31, 2015: March 31, 2016 (dollars in thousands) Commercial Real Estate Consumer Non- Guaranteed Acq-Dev owner Owner Commercial Student Residential Credit quality class Construction Occupied Occupied and Industrial Loans Mortgage HELOC Other Total 1 Highest quality $ - $ - $ - $ - $ - $ - $ - $ - $ - 2 Above average quality - 7,731 3,199 2,415 51,693 - 1,606 372 67,016 3 Satisfactory 1,310 29,583 17,015 23,690 - 12,274 5,868 354 90,094 4 Pass 227 27,600 19,849 6,241 - 5,485 2,872 49 62,323 5 Special mention - - - 534 - 26 268 - 828 6 Substandard 121 - 390 1 - 39 235 - 786 7 Doubtful - - - - - - - - - 1,658 64,914 40,453 32,881 51,693 17,824 10,849 775 221,047 Loans acquired with deteriorated credit quality 551 1,355 1,972 - - 136 359 - 4,373 Total loans $ 2,209 $ 66,269 $ 42,425 $ 32,881 $ 51,693 $ 17,960 $ 11,208 $ 775 $ 225,420 December 31, 2015 (dollars in thousands) Commercial Real Estate Consumer Non- Guaranteed Acq-Dev owner Owner Commercial Student Residential Credit quality class Construction Occupied Occupied and Industrial Loans Mortgage HELOC Other Total 1 Highest quality $ - $ - $ - $ - $ - $ - $ - $ - $ - 2 Above average quality - 7,772 3,285 1,876 53,847 - 1,063 396 68,239 3 Satisfactory 989 27,397 20,355 26,289 - 11,959 5,893 22,258 115,140 4 Pass 472 19,988 19,550 6,102 - 5,976 2,779 68 54,935 5 Special mention - 1,510 - 547 - 27 269 - 2,353 6 Substandard 152 - 151 5 - 41 239 - 588 7 Doubtful - - - - - - - - - 1,613 56,667 43,341 34,819 53,847 18,003 10,243 22,722 241,255 Loans acquired with deteriorated credit quality 555 1,377 2,349 - - 137 360 - 4,778 Total loans $ 2,168 $ 58,044 $ 45,690 $ 34,819 $ 53,847 $ 18,140 $ 10,603 $ 22,722 $ 246,033
Past Due Financing Receivables [Table Text Block]	Commercial Real Estate Consumer Guaranteed Acq-Dev Non-owner Owner Commercial Student Residential At March 31, 2016 ( in thousands) Construction Occupied Occupied and Industrial Loans Mortgage HELOC Other Total 30 - 59 days $ - $ - $ - $ - $ 2,619 $ - $ - $ - $ 2,619 60 - 89 days - - - 1,965 - 64 - 2,029 > 90 days 121 - 886 - 6,866 - - - 7,873 Total past due 121 - 886 - 11,450 - 64 - 12,521 Current 2,088 66,269 41,539 32,881 40,243 17,960 11,144 775 212,899 Total loans $ 2,209 $ 66,269 $ 42,425 $ 32,881 $ 51,693 $ 17,960 $ 11,208 $ 775 $ 225,420 > 90 days still accruing $ - $ - $ - $ - $ 6,866 $ - $ - $ - $ 6,866 Commercial Real Estate Consumer Guaranteed Acq-Dev Non-owner Owner Commercial Student Residential At December 31, 2015 (in thousands) Construction Occupied Occupied and Industrial Loans Mortgage HELOC Other Total 30 - 59 days $ - $ - $ - $ - $ 3,178 $ - $ - $ 73 $ 3,251 60 - 89 days - - - - 2,413 - - - 2,413 > 90 days 152 - 1,388 - 9,645 - - - 11,185 Total past due 152 - 1,388 - 15,236 - - 73 16,849 Current 2,016 58,044 44,302 34,819 38,611 18,140 10,603 22,649 229,184 Total loans $ 2,168 $ 58,044 $ 45,690 $ 34,819 $ 53,847 $ 18,140 $ 10,603 $ 22,722 $ 246,033 > 90 days still accruing $ - $ - $ - $ - $ 9,645 $ - $ - $ - $ 9,645
Schedule of Financing Receivables, Non Accrual Status [Table Text Block]	A summary of non-accrual loans by portfolio class is as follows: March 31, December 31, (dollars in thousands) 2016 2015 Commercial Real Estate: Acquisition, development and construction $ 121 $ 152 Non-owner occupied - Owner occupied 1,275 1,388 Commercial and industrial 1 5 Guaranteed Student Loans - Consumer: Residential mortgage - - HELOC 286 289 Total non-accrual loans $ 1,683 $ 1,834 Non-accrual troubled debt restructurings included above $ 390 $ - Non-accrual purchased credit impaired loans included above $ 1,017 $ 1,370
Impaired Financing Receivables [Table Text Block]	The following is a summary of related impaired loans, excluding acquired impaired loans, presented by portfolio class as of March 31, 2016: Average Recorded Unpaid Related Recorded Interest (dollars in thousands) Investment (1) Principal (2) Allowance Investment Recorded With no related allowance recorded: Commercial Real Estate: Acquisition, development and construction $ 121 $ 121 $ - $ 129 $ - Non-owner occupied - - - - - Owner occupied 390 390 - 60 - Commercial and industrial 1 1 - 3 - Consumer: - Residential mortgage 39 39 - 40 1 HELOC 171 171 - 173 1 Other - - - - - $ 722 $ 722 $ - $ 405 $ 2 With an allowance recorded: Commercial Real Estate: Acquisition, development and construction $ - $ - $ - $ - $ - Non-owner occupied - - - - - Owner occupied - - - - - Commercial and industrial - - - - - Consumer: Residential mortgage - - - - - HELOC 64 64 16 64 - Other - - - - - $ 64 $ 64 $ 16 $ 64 $ - Total: Commercial Real Estate: Acquisition, development and construction $ 121 $ 121 $ - $ 129 $ - Non-owner occupied - - - - - Owner occupied 390 390 - 60 - Commercial and industrial 1 1 - 3 - Consumer: - - - - - Residential mortgage 39 39 - 40 1 HELOC 235 235 16 64 1 Other - - - - - Total $ 786 $ 786 $ 16 $ 296 $ 2 The following is a summary of related impaired loans, excluding acquired impaired loans, presented by portfolio class as of December 31, 2015: Average Recorded Unpaid Related Recorded Interest (dollars in thousands) Investment (1) Principal (2) Allowance Investment Recorded With no related allowance recorded: Commercial Real Estate: Acquisition, development and construction $ 152 $ 152 $ - $ 188 $ - Non-owner occupied - - - - - Owner occupied 151 152 - 156 - Commercial and industrial 5 5 - 13 - Consumer: Residential mortgage 41 41 - 44 3 HELOC 175 175 - 185 3 Other - - - - $ 524 $ 525 $ - $ 586 $ 6 With an allowance recorded: Commercial Real Estate: Acquisition, development and construction $ - $ - $ - $ - $ - Non-owner occupied - - - - - Owner occupied - - - - - Commercial and industrial - - - - - Consumer: Residential mortgage - - - - - HELOC 64 64 16 66 - Other - - - - - $ 64 $ 64 $ 16 $ 66 $ - Total: Commercial Real Estate: Acquisition, development and construction $ 152 $ 152 $ - $ 188 $ - Non-owner occupied - - - - - Owner occupied 151 152 - 156 - Commercial and industrial 5 5 - 13 - Consumer: - - - - - Residential mortgage 41 41 - 44 3 HELOC 239 239 16 251 3 Other - - - - - Total $ 588 $ 589 $ 16 $ 652 $ 6 (1) The amount of the investment in a loan, which is not net of a valuation allowance, but which does reflect any direct write-down of the investment. (2) The contractual amount due, which reflects paydowns applied in accordance with loan documents, but which does not reflect any direct write-downs.
Summary Of Allowance For Loan Losses By Portfolio Segment [Table Text Block]	Commercial Real Estate Consumer Acquisition, Development, Non-owner Owner Commercial Guaranteed Residential (dollars in thousands) Construction Occupied Occupied and Industrial Student Loans Mortgage HELOC Other Total Allowance for loan losses Beginning balance, December 31, 2015 $ 89 $ 157 $ 82 $ 112 $ 47 $ 59 $ 61 $ 216 $ 823 Charge-offs - - - - - - - (71) (71) Recoveries - - - 13 1 1 1 - 16 Net (charge-offs) recoveries - - - 13 1 1 1 (71) (55) Provision (recovery) (44) 149 55 44 (1) 18 20 (143) 98 Ending balance, March 31, 2016 $ 45 $ 306 $ 137 $ 169 $ 47 $ 78 $ 82 $ 2 $ 866 Commercial Real Estate Consumer Acquisition, Development, Non-owner Owner Commercial Guaranteed Residential (dollars in thousands) Construction Occupied Occupied and Industrial Student Loans Mortgage HELOC Other Total Allowance for loan losses Beginning balance, December 31, 2014 $ 146 $ 97 $ 149 $ 357 $ 144 $ 98 $ 76 $ 22 $ 1,089 Charge-offs - - - (109) - - - (47) (156) Recoveries - 234 - 271 - 1 3 - 509 Net (charge-offs) recoveries - 234 - 162 - 1 3 (47) 353 Provision (recovery) 24 (75) (22) (275) (14) (44) 11 55 (340) Ending balance, March 31, 2015 $ 170 $ 256 $ 127 $ 244 $ 130 $ 55 $ 90 $ 30 $ 1,102 A summary of the ALLL by portfolio segment and impairment evaluation methodology as of March 31, 2016 and December 31, 2015 is as follows: Commercial Real Estate Consumer Acquisition, Development, Non-owner Owner Commercial Guaranteed Residential (dollars in thousands) Construction Occupied Occupied and Industrial Student Loans Mortgage HELOC Other Total Allowance for loan losses for loans Individually evaluated for impairment $ - $ - $ - $ - $ - $ - $ 16 $ - $ 16 Collectively evaluated for impairment 45 306 137 169 47 78 66 2 850 Loans acquired with deteriorated credit quality - - - - - - - - - Ending balance, March 31, 2016 $ 45 $ 306 $ 137 $ 169 $ 47 $ 78 $ 82 $ 2 $ 866 Gross loan balances Individually evaluated for impairment $ 121 $ - $ 390 $ 1 $ - $ 39 $ 235 $ - $ 786 Collectively evaluated for impairment 1,537 64,914 40,063 32,880 51,693 17,785 10,614 775 220,261 Loans acquired with deteriorated credit quality 551 1,355 1,972 - - 136 359 - 4,373 Ending balance, March 31, 2016 $ 2,209 $ 66,269 $ 42,425 $ 32,881 $ 51,693 $ 17,960 $ 11,208 $ 775 $ 225,420 Commercial Real Estate Consumer Acquisition, Development, Non-owner Owner Commercial Guaranteed Residential (dollars in thousands) Construction Occupied Occupied and Industrial Student Loans Mortgage HELOC Other Total Allowance for loan losses for loans Individually evaluated for impairment $ - $ - $ - $ - $ - $ - $ 16 $ - $ 16 Collectively evaluated for impairment 89 157 82 112 47 59 45 216 807 Loans acquired with deteriorated credit quality - - - - - - - - - Ending balance, December 31, 2015 $ 89 $ 157 $ 82 $ 112 $ 47 $ 59 $ 61 $ 216 $ 823 Gross loan balances Individually evaluated for impairment $ 152 $ - $ 151 $ - $ - $ 41 $ 239 $ - $ 588 Collectively evaluated for impairment 1,461 56,667 43,190 34,814 53,847 17,962 10,004 22,722 240,667 Loans acquired with deteriorated credit quality 555 1,377 2,349 - - 137 360 - 4,778 Ending balance, December 31, 2015 $ 2,168 $ 58,044 $ 45,690 $ 34,819 $ 53,847 $ 18,140 $ 10,603 $ 22,722 $ 246,033
Troubled Debt Restructurings on Financing Receivables [Table Text Block]	During the three months ended March 31, 2016 and 2015, no defaults occurred on loans modified as TDR’s in the preceding twelve months. Three Months Ended March 31, 2016 Pre-modification Post-modification Rate recorded recorded 2016 (dollars in thousands) Number of loans modification Term extension investment investment Commercial real estate $ 1 $ - $ 353 $ 353 $ 390 Total $ 1 $ - $ 353 $ 353 $ 390

Intangible Assets (Tables)

Intangible Assets (Tables)	3 Months Ended
	Mar. 31, 2016
Goodwill and Intangible Assets Disclosure [Abstract]
Schedule of Finite-Lived Intangible Assets [Table Text Block]	A summary of the first quarter 2016 and 2015 activity in this account is as follows: (dollars in thousands) 2016 2015 Balance at January 1 $ 68 $ 104 Amortization (9) (9) Balance at March 31 $ 59 $ 95

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	3 Months Ended
	Mar. 31, 2016
Fair Value Disclosures [Abstract]
Schedule of Carrying Values and Estimated Fair Values of Debt Instruments [Table Text Block]	The following table presents estimated fair values of the Company’s financial statements in accordance with authoritative accounting guidance: Fair Value Measurements at March 31, 2016 (dollars in thousands) Carrying amount Level 1 Level 2 Level 3 Fair Value Assets: Cash and cash equivalents $ 17,716 $ 17,716 $ - $ - $ 17,716 Securities available for sale 44,899 - 44,899 - 44,899 Securities held to maturity 37,227 - 37,675 - 37,675 Restricted securities 2,393 - 2,393 - 2,393 Loans held for sale 10,646 - 10,646 - 10,646 Net loans held for investment 224,554 - - 223,352 223,352 Interest receivable 2,018 2,018 2,018 Liabilities: Demand deposits 26,938 - 26,938 - 26,938 Savings and interest-bearing demand deposits 112,582 - 112,582 - 112,582 Time deposits 150,503 - 149,284 - 149,284 FHLB Borrowings 30,000 - 29,953 - 29,953 Interest payable 221 - 221 - 221 Fair Value Measurements at December 31, 2015 (dollars in thousands) Carrying amount Level 1 Level 2 Level 3 Fair Value Assets: Cash and cash equivalents $ 18,460 $ 18,460 $ - $ - $ 18,460 Securities available for sale 46,220 - 46,220 - 46,220 Securities held to maturity 25,500 - 25,694 - 25,694 Restricted securities 2,355 - 2,355 - 2,355 Loans held for sale 220 - 220 - 220 Net loans held for investment 245,210 - - 244,776 244,776 Interest receivable 2,085 - 2,085 - 2,085 Liabilities: Demand deposits 28,969 - 28,969 - 28,969 Savings and interest-bearing demand deposits 107,057 - 107,057 - 107,057 Time deposits 154,018 - 154,027 - 154,027 FHLB Borrowings 30,000 - 29,878 - 29,878 Interest payable 197 - 197 - 197
Fair Value, Assets Measured on Recurring Basis [Table Text Block]	The following table presents the balances of financial assets measured at fair value on a recurring basis at March 31, 2016 and December 31, 2015: Quoted Prices in Active Markets for Significant Identical Significant Other Unobservable Assets Observable Inputs Inputs (dollars in thousands) Balance (Level 1) (Level 2) (Level 3) March 31, 2016 U. S. Government Agencies $ 1,998 $ - $ 1,998 $ - Agency Guaranteed Mortgage-backed securities 42,901 - 42,901 - Loans held for sale 10,646 - 10,646 - December 31, 2015 U. S. Government Agencies $ 2,139 $ - $ 2,139 $ - Agency Guaranteed Mortgage-backed securities 44,081 - 44,081 - Loans held for sale 220 - 220 -
Fair Value Measurements, Nonrecurring [Table Text Block]	The following tables summarize the Company’s assets that were measured at fair value on a nonrecurring basis: Quoted Prices in Active Markets for Significant Identical Significant Other Unobservable Assets Observable Inputs Inputs (dollars in thousands) Balance (Level 1) (Level 2) (Level 3) March 31, 2016 Impaired loans $ 48 $ - $ - $ 48 OREO 2,017 - - 2,017 December 31, 2015 Impaired loans $ 48 $ - $ - $ 48 OREO 1,870 - - 1,870
Fair Value Inputs, Assets, Quantitative Information [Table Text Block]	The following table presents qualitative information about level 3 fair value measurements for financial instruments measured at fair value on a non-recurring basis at March 31, 2016 and December 31, 2015 March 31, 2016 (dollars in thousands) Quantitative Information About Level 3 Fair Value Measurements Description Fair Value Valuation Technique Unobservable input Range Impaired loans $ 48 Appraisals Discount to reflect current market condition and estimated selling costs 0-10% Other real estate owned $ 2,017 Discounted appraised value Discount for lack of marketability 6-29% December 31, 2015 (dollars in thousands) Quantitative Information About Level 3 Fair Value Measurements Description Fair Value Valuation Technique Unobservable input Range Impaired loans $ 48 Appraisals Discount to reflect current market condition and estimated selling costs 0-10% Other real estate owned $ 1,870 Discounted appraised value Discount for lack of marketability 6-29%

Stock-Based Compensation (Table

Stock-Based Compensation (Tables)	3 Months Ended
	Mar. 31, 2016
Share-Based Compensation [Abstract]
Schedule of Share-based Compensation, Stock Options, Activity [Table Text Block]	A summary of the Company’s option activity as of March 31, 2016 and changes during the period then ended are presented in the following table: Wgt. Avg. Wgt. Avg. Remaining Wgt. Avg. Aggregate Exercise Contractual Grant Date Intrinsic As of 12/31/2015 Stock Options Price Life Fair Value Value Outstanding 124,686 $ 6.59 - $ 2.25 $ - Vested 63,567 $ 8.71 - $ 2.94 $ - Nonvested 61,119 $ 4.39 - $ 1.54 $ - Period Activity Issued - $ - - $ - $ - Exercised - $ - - $ - $ - Forfeited - $ - - $ - $ - Expired - $ - - $ - $ - As of 3/31/2016 Outstanding 124,686 $ 6.59 7.29 $ 2.25 $ 2,260 Vested 79,985 $ 7.93 6.56 $ 2.68 $ 35 Nonvested 44,701 $ 4.20 8.61 $ 1.48 $ 2,224
Schedule of Share-based Compensation, Shares Authorized under Stock Option Plans, by Exercise Price Range [Table Text Block]	28 91 Outstanding as of March 31, 2016 Wgt. Avg. Wgt. Avg. Remaining Stock Options Exercise Contractual Range of Exercise Prices Outstanding Price Life $ 3.82 $ 61.00 124,686 $ 6.59 7.29 Total 124,686 $ 6.59 7.29 Exercisable: Wgt. Avg. Stock Options Exercise Range of Exercise Prices Exercisable Price $ 3.82 $ 61.00 79,985 $ 7.93 Total 79,985 $ 7.93
Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions [Table Text Block]	The fair value of each option granted is estimated on the date of grant using the "Black-Scholes Option Pricing" method with the following assumptions. Three Months Ended Year Ended March 31, 2016 December 31, 2015 Expected dividend rate 0.00 % 0.00 % Expected volatility 0.00 % 30.00 % Expected term in years 0 7 Risk free rate 0.00 % 2.01 % Total intrinsic value of options exercised: $ - Total fair value of shares vested: $ 27,886 Weighted-average period over which nonvested awards are expected to be recognized: 0.87 years
Schedule of Nonvested Restricted Stock Units Activity [Table Text Block]	A summary of the Company’s restricted stock activity as of March 31, 2016 and changes during the period then ended are presented in the following table: Wgt. Avg. Grant Date As of 12/31/2015 Restricted Stock Fair Value Nonvested 107,460 $ 4.05 Period Activity Issued 24,214 $ 3.86 Vested 49,875 $ 4.07 Forfeited - - As of 3/31/2016 Nonvested 81,799 $ 3.99 Total fair value of shares vested: $ 202,869 Weighted-average period over which nonvested awards are expected to be recognized: 1.47 years
Schedule of Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Table Text Block]	Stock-based compensation expense for the first quarter of 2016 and the first quarter of 2015 was as follows. Stock Compensation Three Months Ended March 31, (in thousands) 2016 2015 Employee stock options $ 18 $ 12 Restricted stock options 150 43 Founders shares 718 - Total $ 886 $ 55

Accumulated other Comprehensi26

Accumulated other Comprehensive Income (Loss) (Tables)	3 Months Ended
	Mar. 31, 2016
Statement of Comprehensive Income [Abstract]
Comprehensive Income (Loss) [Table Text Block]	The changes in accumulated other comprehensive income (loss) for the three months ended March 31, 2016 and 2015 are summarized as follows: Three Months Ended March 31, 2016 March 31, 2015 Unrealized Unrealized Unrealized losses losses Gain (Loss) transferred to Unrealized transferred on Available- Held-to- Gain (Loss) on to Held-to- for-Sale Maturity Available-for- Maturity Securities Securities Total Sale Securities Securities Total Beginning balance $ (453) $ (237) $ (690) $ (182) $ (286) $ (468) Unrealized holding losses on available for sale securities 531 - 531 304 - 304 Amortization of unrealized losses transferred from AFS to HTM reclassification adjustment - 11 11 - 12 12 Net current period other comprehensive income 531 11 542 304 12 316 Ending balance $ 78 $ (226) $ (148) $ 122 $ (274) $ (152)
Schedule Of Amounts Reclassified From Accumulated Other Comprehensive Income Loss [Table Text Block]	The following table presents information on amounts reclassified out of accumulated other comprehensive income (loss), by category, during the periods indicated: (in thousands) Three Months Ended March 31, Affected Line Item on 2016 2015 Consolidated Statement of Operations Amortization of unrealized losses transferred to held to maturity $ 11 $ 12 Interest income - investment securities Realized gains on sales of available for sale securities - 114 Net gain on sale of available-for-sale securities Total reclassifications $ 11 $ 126

Organization and Summary of S27

Organization and Summary of Significant Accounting Policies (Details Textual) - USD ($)	Apr. 10, 2014	Jun. 25, 2014	Mar. 31, 2016	May. 20, 2015	Mar. 29, 2013	Aug. 28, 2012	Dec. 10, 2010
Percentage Of Capital Investments	100.00%
Stock Repurchase Program, Authorized Amount				$ 500,000
Stock Repurchased During Period, Shares			21,200
Bank Of Virginia [Member]
Equity Method Investments						$ 3,000,000	$ 10,300,000
Business Acquisition, Share Price							$ 7.60
Business Acquisition, Percentage of Voting Interests Acquired					100.00%		59.80%
Sale of Stock, Price Per Share						$ 3.60
Business Acquisition Share Issued Per Share Of Minority Share Of Acquire					0.664
Redeemable Convertible Preferred Stock [Member]
Purchase Price Of Convertible Preferred Stock	$ 42,500
Proceeds from Issuance of Preferred Stock and Preference Stock	$ 15,400,000
Non-Voting [Member]
Sale of Stock, Price Per Share	$ 0.01
Convertible Preferred Stock, Shares Issued upon Conversion	363	1,400,437
Voting [Member]
Convertible Preferred Stock, Shares Issued upon Conversion		2,229,434
Series A Preferred Stock [Member]
Convertible Preferred Stock, Shares Issued upon Conversion		3,629,871
Convertible Preferred Stock, Terms of Conversion		Series A Preferred Stock mandatorily converted into 10,000 shares of Cordias common stock at a conversion price of $4.25 per share

Business Combination (Details)

Business Combination (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Net impact to net income (loss)	$ 4	$ 38
Loans [Member]
Net impact to net income (loss)	11	21
Premises and equipment [Member]
Net impact to net income (loss)	2	2
Core Deposit Intangible [Member]
Net impact to net income (loss)	(9)	(9)
Building Lease Obligations [Member]
Net impact to net income (loss)	$ 0	$ 24

Business Combination (Details T

Business Combination (Details Textual) - USD ($) $ in Millions	Dec. 10, 2010	Mar. 29, 2013
Goodwill	$ 5.9
Bank Of Virginia [Member]
Equity Method Investment, Ownership Percentage	59.80%
Stock Issued During Period, Shares, New Issues	1,355,263
Business Acquisition Share Issued Per Share of Minority Share of Acquire		0.664

Earnings Per Share (Details)

Earnings Per Share (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Net income (loss) attributable to Company	$ (2,315)	$ 351
Weighted average common shares outstanding, basic	6,658,976	6,559,217
Dilutive effect of stock options	0	0
Weighted average common shares outstanding, diluted	6,658,976	6,559,217
Basic income (loss) per common share (in dollars per share)	$ (0.35)	$ 0.05
Diluted income (loss) per common share (in dollars per share)	$ (0.35)	$ 0.05

Earnings Per Share (Details Tex

Earnings Per Share (Details Textual) - shares	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount	394,125	578,125
Employee Stock Option [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount	125,000	144,000

Securities (Details)

Securities (Details) - USD ($) $ in Thousands	3 Months Ended	12 Months Ended
	Mar. 31, 2016	Dec. 31, 2015
Schedule of Available-for-sale Securities [Line Items]
Amortized Cost	$ 44,821	$ 46,673
Gross Unrealized Gains	184	8
Gross Unrealized Losses	(106)	(461)
Fair Value	44,899	46,220
U.S. Government Agencies [Member]
Schedule of Available-for-sale Securities [Line Items]
Amortized Cost	1,996	2,144
Gross Unrealized Gains	11	5
Gross Unrealized Losses	(9)	(10)
Fair Value	1,998	2,139
Agency Guaranteed Mortgage- Backed Securities [Member]
Schedule of Available-for-sale Securities [Line Items]
Amortized Cost	42,825	44,529
Gross Unrealized Gains	173	3
Gross Unrealized Losses	(97)	(451)
Fair Value	$ 42,901	$ 44,081

Securities (Details 1)

Securities (Details 1) - USD ($) $ in Thousands	3 Months Ended	12 Months Ended
	Mar. 31, 2016	Dec. 31, 2015
Amortized Cost	$ 37,227	$ 25,500
Gross Unrealized Gains	486	230
Gross Unrealized Losses	(38)	(36)
Fair Value	37,675	25,694
Agency Guaranteed Mortgage- Backed Securities [Member]
Amortized Cost	37,227	25,500
Gross Unrealized Gains	486	230
Gross Unrealized Losses	(38)	(36)
Fair Value	$ 37,675	$ 25,694

Securities (Details 2)

Securities (Details 2) - USD ($) $ in Thousands	Mar. 31, 2016	Dec. 31, 2015
Available For Sale Securities, Amortized Cost
Over five years within ten years	$ 1,996
Over ten years	42,825
Total	44,821
Available For Sale Securities, Fair Value
Over five years within ten years	1,998
Over ten years	42,901
Total	44,899	$ 46,220
Held-to-maturity Securities, Amortized Cost
Over five years within ten years	3,616
Over ten years	33,611
Total	37,227	25,500
Held-to-maturity Securities, Fair Value
Over five years within ten years	3,779
Over ten years	33,896
Total	$ 37,675	$ 25,694

Securities (Details 3)

Securities (Details 3) - USD ($) $ in Thousands	3 Months Ended	12 Months Ended
	Mar. 31, 2016	Dec. 31, 2015
Schedule of Held-to-maturity Securities [Line Items]
Unrealized Losses on Securities Less than 12 Months Fair Value	$ 19,347	$ 43,021
Unrealized Losses on Securities Less than 12 Months Unrealized Losses	(101)	(429)
Unrealized Losses on Securities 12 Months or longer Fair Value	4,681	4,836
Unrealized Losses on Securities 12 Months or longer Unrealized Losses	(43)	(68)
Total Fair Value	24,028	47,857
Total Unrealized Losses	(144)	(497)
U.S. Government Agencies [Member]
Schedule of Held-to-maturity Securities [Line Items]
Unrealized Losses on Securities Less than 12 Months Fair Value	0	0
Unrealized Losses on Securities Less than 12 Months Unrealized Losses	0	0
Unrealized Losses on Securities 12 Months or longer Fair Value	1,448	1,521
Unrealized Losses on Securities 12 Months or longer Unrealized Losses	(9)	(10)
Total Fair Value	1,448	1,521
Total Unrealized Losses	(9)	(10)
Agency Guaranteed Mortgage- Backed Securities [Member]
Schedule of Held-to-maturity Securities [Line Items]
Unrealized Losses on Securities Less than 12 Months Fair Value	19,347	43,021
Unrealized Losses on Securities Less than 12 Months Unrealized Losses	(101)	(429)
Unrealized Losses on Securities 12 Months or longer Fair Value	3,233	3,315
Unrealized Losses on Securities 12 Months or longer Unrealized Losses	(34)	(58)
Total Fair Value	22,580	46,336
Total Unrealized Losses	$ (135)	$ (487)

Securities (Details Textual)

Securities (Details Textual) - USD ($) $ in Thousands	3 Months Ended		12 Months Ended
	Mar. 31, 2016	Mar. 31, 2015	Dec. 31, 2015
Pledged Financial Instruments, Not Separately Reported, Mortgage-Related Securities Available-for-sale or Held-for-investment	$ 13,400		$ 13,800
Available-for-sale Securities, Gross Realized Gains		$ 114
Held-to-maturity Securities	37,227		25,500
Marketable Securities, Current, Total	82,100		71,700
Available-for-sale Securities	44,899		46,220
Proceeds from Sale of Available-for-sale Securities, Debt		$ 13,100
Federal Home Loan Bank Advances	22,600		16,800
Available-for-sale Securities, Continuous Unrealized Loss Position, Aggregate Loss, Total	$ 144		$ 497

Loans Held for Sale (Details)

Loans Held for Sale (Details) $ in Thousands	3 Months Ended
	Mar. 31, 2016USD ($)
Loans Held for Sale [Line Items]
Beginning balance	$ 823
Ending balance	866
Student Loan [Member]
Loans Held for Sale [Line Items]
Beginning balance	0
Additions	706
Loss on sale of loans	(500)
Ending balance	$ 206

Loans Held for Sale (Details Te

Loans Held for Sale (Details Textual) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015	Dec. 31, 2015	Dec. 31, 2014
Loans Held for Sale [Line Items]
Transfer of Portfolio Loans and Leases to Held-for-sale	$ 29,751	$ 0
Loans Receivable Held-for-sale, Amount	10,646		$ 220
Loans and Leases Receivable, Allowance	866	$ 1,102	823	$ 1,089
Student Loan [Member]
Loans Held for Sale [Line Items]
Transfer of Portfolio Loans and Leases to Held-for-sale	29,800
Proceeds from Sale of Loans Held-for-sale, Total	24,000
Loans Receivable Held-for-sale, Amount	10,500
Loans and Leases Receivable, Allowance	206		0
Residential Mortgage [Member]
Loans Held for Sale [Line Items]
Loans Receivable Held-for-sale, Net, Not Part of Disposal Group, Mortgage	$ 173		$ 220

Loans, Allowance for Loan Los39

Loans, Allowance for Loan Losses and Credit Quality (Details) - USD ($) $ in Thousands	Mar. 31, 2016	Dec. 31, 2015	Mar. 31, 2015	Dec. 31, 2014
Total loans	$ 225,420	$ 246,033
Allowance for loan losses	(866)	(823)	$ (1,102)	$ (1,089)
Total loans, net of allowance for loan losses	224,554	245,210
Commercial and Industrial [Member]
Total loans	32,881	34,819
Allowance for loan losses	(169)	(112)	(244)	(357)
Guaranteed Student Loans [Member]
Total loans	51,693	53,847
Allowance for loan losses	(47)	(47)	(130)	(144)
Acquisition, Development, and Construction [Member] | Commercial real estate [Member]
Total loans	2,209	2,168
Allowance for loan losses	(45)	(89)	(170)	(146)
Non-Owner Occupied [Member] | Commercial real estate [Member]
Total loans	66,269	58,044
Allowance for loan losses	(306)	(157)	(256)	(97)
Owner Occupied [Member] | Commercial real estate [Member]
Total loans	42,425	45,690
Allowance for loan losses	(137)	(82)	(127)	(149)
Residential Mortgage [Member] | Consumer [Member]
Total loans	17,960	18,140
Allowance for loan losses	(78)	(59)	(55)	(98)
Home Equity Lines of Credit [Member] | Consumer [Member]
Total loans	11,208	10,603
Allowance for loan losses	(82)	(61)	(90)	(76)
Other [Member] | Consumer [Member]
Total loans	775	22,722
Allowance for loan losses	$ (2)	$ (216)	$ (30)	$ (22)

Loans, Allowance for Loan Los40

Loans, Allowance for Loan Losses and Credit Quality (Details 1) - USD ($) $ in Thousands	Mar. 31, 2016	Dec. 31, 2015
Contract principal balance	$ 4,373	$ 4,779
Accretable yield	0	(1)
Carrying value of loans	$ 4,373	$ 4,778

Loans, Allowance for Loan Los41

Loans, Allowance for Loan Losses and Credit Quality (Details 2) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Accretable Yield Beginning balance	$ 1	$ 42
Accretable Yield Charge-offs related to loans covered by ASC 310-30	0	0
Accretable Yield Transfers	0	0
Accretable Yield Accretion	(1)	(4)
Accretable Yield Ending balance	$ 0	$ 38

Loans, Allowance for Loan Los42

Loans, Allowance for Loan Losses and Credit Quality (Details 3) - USD ($) $ in Thousands	Mar. 31, 2016	Dec. 31, 2015
Loans acquired with credit quality	$ 221,047	$ 241,255
Loans acquired with deteriorated credit quality	4,373	4,778
Total loans	225,420	246,033
Highest Quality [Member]
Loans acquired with credit quality	0	0
Above Average Quality [Member]
Loans acquired with credit quality	67,016	68,239
Satisfactory [Member]
Loans acquired with credit quality	90,094	115,140
Pass [Member]
Loans acquired with credit quality	62,323	54,935
Special Mention [Member]
Loans acquired with credit quality	828	2,353
Substandard [Member]
Loans acquired with credit quality	786	588
Doubtful [Member]
Loans acquired with credit quality	0	0
Commercial Real Estate [Member] | Acquisition, Development, and Construction [Member]
Loans acquired with credit quality	1,658	1,613
Loans acquired with deteriorated credit quality	551	555
Total loans	2,209	2,168
Commercial Real Estate [Member] | Acquisition, Development, and Construction [Member] | Highest Quality [Member]
Loans acquired with credit quality	0	0
Commercial Real Estate [Member] | Acquisition, Development, and Construction [Member] | Above Average Quality [Member]
Loans acquired with credit quality	0	0
Commercial Real Estate [Member] | Acquisition, Development, and Construction [Member] | Satisfactory [Member]
Loans acquired with credit quality	1,310	989
Commercial Real Estate [Member] | Acquisition, Development, and Construction [Member] | Pass [Member]
Loans acquired with credit quality	227	472
Commercial Real Estate [Member] | Acquisition, Development, and Construction [Member] | Special Mention [Member]
Loans acquired with credit quality	0	0
Commercial Real Estate [Member] | Acquisition, Development, and Construction [Member] | Substandard [Member]
Loans acquired with credit quality	121	152
Commercial Real Estate [Member] | Acquisition, Development, and Construction [Member] | Doubtful [Member]
Loans acquired with credit quality	0	0
Commercial Real Estate [Member] | Non-Owner Occupied [Member]
Loans acquired with credit quality	64,914	56,667
Loans acquired with deteriorated credit quality	1,355	1,377
Total loans	66,269	58,044
Commercial Real Estate [Member] | Non-Owner Occupied [Member] | Highest Quality [Member]
Loans acquired with credit quality	0	0
Commercial Real Estate [Member] | Non-Owner Occupied [Member] | Above Average Quality [Member]
Loans acquired with credit quality	7,731	7,772
Commercial Real Estate [Member] | Non-Owner Occupied [Member] | Satisfactory [Member]
Loans acquired with credit quality	29,583	27,397
Commercial Real Estate [Member] | Non-Owner Occupied [Member] | Pass [Member]
Loans acquired with credit quality	27,600	19,988
Commercial Real Estate [Member] | Non-Owner Occupied [Member] | Special Mention [Member]
Loans acquired with credit quality	0	1,510
Commercial Real Estate [Member] | Non-Owner Occupied [Member] | Substandard [Member]
Loans acquired with credit quality	0	0
Commercial Real Estate [Member] | Non-Owner Occupied [Member] | Doubtful [Member]
Loans acquired with credit quality	0	0
Commercial Real Estate [Member] | Owner Occupied [Member]
Loans acquired with credit quality	40,453	43,341
Loans acquired with deteriorated credit quality	1,972	2,349
Total loans	42,425	45,690
Commercial Real Estate [Member] | Owner Occupied [Member] | Highest Quality [Member]
Loans acquired with credit quality	0	0
Commercial Real Estate [Member] | Owner Occupied [Member] | Above Average Quality [Member]
Loans acquired with credit quality	3,199	3,285
Commercial Real Estate [Member] | Owner Occupied [Member] | Satisfactory [Member]
Loans acquired with credit quality	17,015	20,355
Commercial Real Estate [Member] | Owner Occupied [Member] | Pass [Member]
Loans acquired with credit quality	19,849	19,550
Commercial Real Estate [Member] | Owner Occupied [Member] | Special Mention [Member]
Loans acquired with credit quality	0	0
Commercial Real Estate [Member] | Owner Occupied [Member] | Substandard [Member]
Loans acquired with credit quality	390	151
Commercial Real Estate [Member] | Owner Occupied [Member] | Doubtful [Member]
Loans acquired with credit quality	0	0
Commercial and Industrial [Member]
Loans acquired with credit quality	32,881	34,819
Loans acquired with deteriorated credit quality	0	0
Total loans	32,881	34,819
Commercial and Industrial [Member] | Highest Quality [Member]
Loans acquired with credit quality	0	0
Commercial and Industrial [Member] | Above Average Quality [Member]
Loans acquired with credit quality	2,415	1,876
Commercial and Industrial [Member] | Satisfactory [Member]
Loans acquired with credit quality	23,690	26,289
Commercial and Industrial [Member] | Pass [Member]
Loans acquired with credit quality	6,241	6,102
Commercial and Industrial [Member] | Special Mention [Member]
Loans acquired with credit quality	534	547
Commercial and Industrial [Member] | Substandard [Member]
Loans acquired with credit quality	1	5
Commercial and Industrial [Member] | Doubtful [Member]
Loans acquired with credit quality	0	0
Guaranteed Student Loans [Member]
Loans acquired with credit quality	51,693	53,847
Loans acquired with deteriorated credit quality	0	0
Total loans	51,693	53,847
Guaranteed Student Loans [Member] | Highest Quality [Member]
Loans acquired with credit quality	0	0
Guaranteed Student Loans [Member] | Above Average Quality [Member]
Loans acquired with credit quality	51,693	53,847
Guaranteed Student Loans [Member] | Satisfactory [Member]
Loans acquired with credit quality	0	0
Guaranteed Student Loans [Member] | Pass [Member]
Loans acquired with credit quality	0	0
Guaranteed Student Loans [Member] | Special Mention [Member]
Loans acquired with credit quality	0	0
Guaranteed Student Loans [Member] | Substandard [Member]
Loans acquired with credit quality	0	0
Guaranteed Student Loans [Member] | Doubtful [Member]
Loans acquired with credit quality	0	0
Consumer [Member] | Residential Mortgage [Member]
Loans acquired with credit quality	17,824	18,003
Loans acquired with deteriorated credit quality	136	137
Total loans	17,960	18,140
Consumer [Member] | Residential Mortgage [Member] | Highest Quality [Member]
Loans acquired with credit quality	0	0
Consumer [Member] | Residential Mortgage [Member] | Above Average Quality [Member]
Loans acquired with credit quality	0	0
Consumer [Member] | Residential Mortgage [Member] | Satisfactory [Member]
Loans acquired with credit quality	12,274	11,959
Consumer [Member] | Residential Mortgage [Member] | Pass [Member]
Loans acquired with credit quality	5,485	5,976
Consumer [Member] | Residential Mortgage [Member] | Special Mention [Member]
Loans acquired with credit quality	26	27
Consumer [Member] | Residential Mortgage [Member] | Substandard [Member]
Loans acquired with credit quality	39	41
Consumer [Member] | Residential Mortgage [Member] | Doubtful [Member]
Loans acquired with credit quality	0	0
Consumer [Member] | Home Equity Lines of Credit [Member]
Loans acquired with credit quality	10,849	10,243
Loans acquired with deteriorated credit quality	359	360
Total loans	11,208	10,603
Consumer [Member] | Home Equity Lines of Credit [Member] | Highest Quality [Member]
Loans acquired with credit quality	0	0
Consumer [Member] | Home Equity Lines of Credit [Member] | Above Average Quality [Member]
Loans acquired with credit quality	1,606	1,063
Consumer [Member] | Home Equity Lines of Credit [Member] | Satisfactory [Member]
Loans acquired with credit quality	5,868	5,893
Consumer [Member] | Home Equity Lines of Credit [Member] | Pass [Member]
Loans acquired with credit quality	2,872	2,779
Consumer [Member] | Home Equity Lines of Credit [Member] | Special Mention [Member]
Loans acquired with credit quality	268	269
Consumer [Member] | Home Equity Lines of Credit [Member] | Substandard [Member]
Loans acquired with credit quality	235	239
Consumer [Member] | Home Equity Lines of Credit [Member] | Doubtful [Member]
Loans acquired with credit quality	0	0
Consumer [Member] | Other [Member]
Loans acquired with credit quality	775	22,722
Loans acquired with deteriorated credit quality	0	0
Total loans	775	22,722
Consumer [Member] | Other [Member] | Highest Quality [Member]
Loans acquired with credit quality	0	0
Consumer [Member] | Other [Member] | Above Average Quality [Member]
Loans acquired with credit quality	372	396
Consumer [Member] | Other [Member] | Satisfactory [Member]
Loans acquired with credit quality	354	22,258
Consumer [Member] | Other [Member] | Pass [Member]
Loans acquired with credit quality	49	68
Consumer [Member] | Other [Member] | Special Mention [Member]
Loans acquired with credit quality	0	0
Consumer [Member] | Other [Member] | Substandard [Member]
Loans acquired with credit quality	0	0
Consumer [Member] | Other [Member] | Doubtful [Member]
Loans acquired with credit quality	$ 0	$ 0

Loans, Allowance for Loan Los43

Loans, Allowance for Loan Losses and Credit Quality (Details 4) - USD ($) $ in Thousands	Mar. 31, 2016	Dec. 31, 2015
Total past due	$ 12,521	$ 16,849
Current	212,899	229,184
Total loans	225,420	246,033
> 90 days and still accruing	6,866	9,645
Financing Receivables, 30 to 59 Days Past Due [Member]
Total past due	2,619	3,251
Financing Receivables, 60 to 89 Days Past Due [Member]
Total past due	2,029	2,413
Financing Receivables, Equal to Greater than 90 Days Past Due [Member]
Total past due	7,873	11,185
Commercial Real Estate [Member] | Acquisition, Development, and Construction [Member]
Total past due	121	152
Current	2,088	2,016
Total loans	2,209	2,168
> 90 days and still accruing	0	0
Commercial Real Estate [Member] | Acquisition, Development, and Construction [Member] | Financing Receivables, 30 to 59 Days Past Due [Member]
Total past due	0	0
Commercial Real Estate [Member] | Acquisition, Development, and Construction [Member] | Financing Receivables, 60 to 89 Days Past Due [Member]
Total past due	0	0
Commercial Real Estate [Member] | Acquisition, Development, and Construction [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member]
Total past due	121	152
Commercial Real Estate [Member] | Non-Owner Occupied [Member]
Total past due	0	0
Current	66,269	58,044
Total loans	66,269	58,044
> 90 days and still accruing	0	0
Commercial Real Estate [Member] | Non-Owner Occupied [Member] | Financing Receivables, 30 to 59 Days Past Due [Member]
Total past due	0	0
Commercial Real Estate [Member] | Non-Owner Occupied [Member] | Financing Receivables, 60 to 89 Days Past Due [Member]
Total past due	0	0
Commercial Real Estate [Member] | Non-Owner Occupied [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member]
Total past due	0	0
Commercial Real Estate [Member] | Owner Occupied [Member]
Total past due	886	1,388
Current	41,539	44,302
Total loans	42,425	45,690
> 90 days and still accruing	0	0
Commercial Real Estate [Member] | Owner Occupied [Member] | Financing Receivables, 30 to 59 Days Past Due [Member]
Total past due	0	0
Commercial Real Estate [Member] | Owner Occupied [Member] | Financing Receivables, 60 to 89 Days Past Due [Member]
Total past due	0	0
Commercial Real Estate [Member] | Owner Occupied [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member]
Total past due	886	1,388
Commercial and Industrial [Member]
Total past due	0	0
Current	32,881	34,819
Total loans	32,881	34,819
> 90 days and still accruing	0	0
Commercial and Industrial [Member] | Financing Receivables, 30 to 59 Days Past Due [Member]
Total past due	0	0
Commercial and Industrial [Member] | Financing Receivables, 60 to 89 Days Past Due [Member]
Total past due	0	0
Commercial and Industrial [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member]
Total past due	0	0
Guaranteed Student Loans [Member]
Total past due	11,450	15,236
Current	40,243	38,611
Total loans	51,693	53,847
> 90 days and still accruing	6,866	9,645
Guaranteed Student Loans [Member] | Financing Receivables, 30 to 59 Days Past Due [Member]
Total past due	2,619	3,178
Guaranteed Student Loans [Member] | Financing Receivables, 60 to 89 Days Past Due [Member]
Total past due	1,965	2,413
Guaranteed Student Loans [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member]
Total past due	6,866	9,645
Consumer [Member] | Residential Mortgage [Member]
Total past due	0	0
Current	17,960	18,140
Total loans	17,960	18,140
> 90 days and still accruing	0	0
Consumer [Member] | Residential Mortgage [Member] | Financing Receivables, 30 to 59 Days Past Due [Member]
Total past due	0	0
Consumer [Member] | Residential Mortgage [Member] | Financing Receivables, 60 to 89 Days Past Due [Member]
Total past due	0	0
Consumer [Member] | Residential Mortgage [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member]
Total past due	0	0
Consumer [Member] | Home Equity Lines of Credit [Member]
Total past due	64	0
Current	11,144	10,603
Total loans	11,208	10,603
> 90 days and still accruing	0	0
Consumer [Member] | Home Equity Lines of Credit [Member] | Financing Receivables, 30 to 59 Days Past Due [Member]
Total past due	0	0
Consumer [Member] | Home Equity Lines of Credit [Member] | Financing Receivables, 60 to 89 Days Past Due [Member]
Total past due	64	0
Consumer [Member] | Home Equity Lines of Credit [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member]
Total past due	0	0
Consumer [Member] | Other Credit Derivatives [Member]
Total past due	0	73
Current	775	22,649
Total loans	775	22,722
> 90 days and still accruing	0	0
Consumer [Member] | Other Credit Derivatives [Member] | Financing Receivables, 30 to 59 Days Past Due [Member]
Total past due	0	73
Consumer [Member] | Other Credit Derivatives [Member] | Financing Receivables, 60 to 89 Days Past Due [Member]
Total past due	0	0
Consumer [Member] | Other Credit Derivatives [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member]
Total past due	$ 0	$ 0

Loans, Allowance for Loan Los44

Loans, Allowance for Loan Losses and Credit Quality (Details 5) - USD ($) $ in Thousands	Mar. 31, 2016	Dec. 31, 2015
Total non-accrual loans	$ 1,683	$ 1,834
Non-accrual troubled debt restructurings included above [Member]
Total non-accrual loans	390	0
Non-accrual purchased credit impaired loans included above [Member]
Total non-accrual loans	1,017	1,370
Commercial Real Estate [Member] | Acquisition, Development, and Construction [Member]
Total non-accrual loans	121	152
Commercial Real Estate [Member] | Non-Owner Occupied [Member]
Total non-accrual loans		0
Commercial Real Estate [Member] | Owner Occupied [Member]
Total non-accrual loans	1,275	1,388
Commercial and Industrial [Member]
Total non-accrual loans	1	5
Guaranteed Student Loans [Member]
Total non-accrual loans	0	0
Consumer [Member] | Residential Mortgage [Member]
Total non-accrual loans	0	0
Consumer [Member] | Home Equity Lines of Credit [Member]
Total non-accrual loans	$ 286	$ 289

Loans, Allowance for Loan Los45

Loans, Allowance for Loan Losses and Credit Quality (Details 6) - USD ($) $ in Thousands		3 Months Ended	12 Months Ended
		Mar. 31, 2016	Dec. 31, 2015
With no related allowance recorded Recorded Investment	[1]	$ 722	$ 524
With no related allowance recorded Unpaid Principal	[2]	722	525
With no related allowance recorded Related Allowance		0	0
With no related allowance recorded Average Recorded Investment		405	586
With no related allowance recorded Interest Recorded		2	6
With an allowance recorded Recorded Investment	[1]	64	64
With an allowance recorded Unpaid Principal	[2]	64	64
With an allowance recorded Related Allowance		16	16
With an allowance recorded Average Recorded Investment		64	66
With an allowance recorded Interest Recorded		0	0
Recorded Investment	[1]	786	588
Unpaid Principal	[2]	786	589
Related Allowance		16	16
Average Recorded Investment		296	652
Interest Recorded		2	6
Commercial Real Estate [Member] | Acquisition, Development, and Construction [Member]
With no related allowance recorded Recorded Investment	[1]	121	152
With no related allowance recorded Unpaid Principal	[2]	121	152
With no related allowance recorded Related Allowance		0	0
With no related allowance recorded Average Recorded Investment		129	188
With no related allowance recorded Interest Recorded		0	0
With an allowance recorded Recorded Investment	[1]	0	0
With an allowance recorded Unpaid Principal	[2]	0	0
With an allowance recorded Related Allowance		0	0
With an allowance recorded Average Recorded Investment		0	0
With an allowance recorded Interest Recorded		0	0
Recorded Investment	[1]	121	152
Unpaid Principal	[2]	121	152
Related Allowance		0	0
Average Recorded Investment		129	188
Interest Recorded		0	0
Commercial Real Estate [Member] | Non-Owner Occupied [Member]
With no related allowance recorded Recorded Investment	[1]	0	0
With no related allowance recorded Unpaid Principal	[2]	0	0
With no related allowance recorded Related Allowance		0	0
With no related allowance recorded Average Recorded Investment		0	0
With no related allowance recorded Interest Recorded		0	0
With an allowance recorded Recorded Investment	[1]	0	0
With an allowance recorded Unpaid Principal	[2]	0	0
With an allowance recorded Related Allowance		0	0
With an allowance recorded Average Recorded Investment		0	0
With an allowance recorded Interest Recorded		0	0
Recorded Investment	[1]	0	0
Unpaid Principal	[2]	0	0
Related Allowance		0	0
Average Recorded Investment		0	0
Interest Recorded		0	0
Commercial Real Estate [Member] | Owner Occupied [Member]
With no related allowance recorded Recorded Investment	[1]	390	151
With no related allowance recorded Unpaid Principal	[2]	390	152
With no related allowance recorded Related Allowance		0	0
With no related allowance recorded Average Recorded Investment		60	156
With no related allowance recorded Interest Recorded		0	0
With an allowance recorded Recorded Investment	[1]	0	0
With an allowance recorded Unpaid Principal	[2]	0	0
With an allowance recorded Related Allowance		0	0
With an allowance recorded Average Recorded Investment		0	0
With an allowance recorded Interest Recorded		0	0
Recorded Investment	[1]	390	151
Unpaid Principal	[2]	390	152
Related Allowance		0	0
Average Recorded Investment		60	156
Interest Recorded		0	0
Commercial and Industrial [Member]
With no related allowance recorded Recorded Investment	[1]	1	5
With no related allowance recorded Unpaid Principal	[2]	1	5
With no related allowance recorded Related Allowance		0	0
With no related allowance recorded Average Recorded Investment		3	13
With no related allowance recorded Interest Recorded		0	0
With an allowance recorded Recorded Investment	[1]	0	0
With an allowance recorded Unpaid Principal	[2]	0	0
With an allowance recorded Related Allowance		0	0
With an allowance recorded Average Recorded Investment		0	0
With an allowance recorded Interest Recorded		0	0
Recorded Investment	[1]	1	5
Unpaid Principal	[2]	1	5
Related Allowance		0	0
Average Recorded Investment		3	13
Interest Recorded		0	0
Consumer [Member] | Residential Mortgage [Member]
With no related allowance recorded Recorded Investment	[1]	39	41
With no related allowance recorded Unpaid Principal	[2]	39	41
With no related allowance recorded Related Allowance		0	0
With no related allowance recorded Average Recorded Investment		40	44
With no related allowance recorded Interest Recorded		1	3
With an allowance recorded Recorded Investment	[1]	0	0
With an allowance recorded Unpaid Principal	[2]	0	0
With an allowance recorded Related Allowance		0	0
With an allowance recorded Average Recorded Investment		0	0
With an allowance recorded Interest Recorded		0	0
Recorded Investment	[1]	39	41
Unpaid Principal	[2]	39	41
Related Allowance		0	0
Average Recorded Investment		40	44
Interest Recorded		1	3
Consumer [Member] | Home Equity Lines of Credit [Member]
With no related allowance recorded Recorded Investment	[1]	171	175
With no related allowance recorded Unpaid Principal	[2]	171	175
With no related allowance recorded Related Allowance		0	0
With no related allowance recorded Average Recorded Investment		173	185
With no related allowance recorded Interest Recorded		1	3
With an allowance recorded Recorded Investment	[1]	64	64
With an allowance recorded Unpaid Principal	[2]	64	64
With an allowance recorded Related Allowance		16	16
With an allowance recorded Average Recorded Investment		64	66
With an allowance recorded Interest Recorded		0	0
Recorded Investment	[1]	235	239
Unpaid Principal	[2]	235	239
Related Allowance		16	16
Average Recorded Investment		64	251
Interest Recorded		1	3
Consumer [Member] | Other Credit Derivatives [Member]
With no related allowance recorded Recorded Investment	[1]	0	0
With no related allowance recorded Unpaid Principal	[2]	0	0
With no related allowance recorded Related Allowance		0	0
With no related allowance recorded Average Recorded Investment		0	0
With no related allowance recorded Interest Recorded		0	0
With an allowance recorded Recorded Investment	[1]	0	0
With an allowance recorded Unpaid Principal	[2]	0	0
With an allowance recorded Related Allowance		0	0
With an allowance recorded Average Recorded Investment		0	0
With an allowance recorded Interest Recorded		0	0
Recorded Investment	[1]	0	0
Unpaid Principal	[2]	0	0
Related Allowance		0	0
Average Recorded Investment		0	0
Interest Recorded		$ 0	$ 0
[1]	The amount of the investment in a loan, which is not net of a valuation allowance, but which does reflect any direct write-down of the investment.
[2]	The contractual amount due, which reflects paydowns applied in accordance with loan documents, but which does not reflect any direct write-downs.

Loans, Allowance for Loan Los46

Loans, Allowance for Loan Losses and Credit Quality (Details 7) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015	Mar. 31, 2016	Dec. 31, 2015
Beginning balance	$ 823	$ 1,089
Charge-offs	(71)	(156)
Recoveries	16	509
Net (charge-offs) recoveries	(55)	353
Provision (recovery)	98	(340)
Ending balance	866	1,102
Allowance for loan losses for loans
Individually evaluated for impairment			$ 16	$ 16
Collectively evaluated for impairment			850	807
Ending balance	823	1,089	866	823
Gross loan balances
Individually evaluated for impairment			786	588
Collectively evaluated for impairment			220,261	240,667
Loans acquired with deteriorated credit quality			225,420	246,033
Ending balance			225,420	246,033
Receivables Acquired with Deteriorated Credit Quality [Member]
Allowance for loan losses for loans
Loans acquired with deteriorated credit quality			0	0
Gross loan balances
Loans acquired with deteriorated credit quality			4,373	4,778
Commercial Real Estate [Member] | Acquisition, Development, and Construction [Member]
Beginning balance	89	146
Charge-offs	0	0
Recoveries	0	0
Net (charge-offs) recoveries	0	0
Provision (recovery)	(44)	24
Ending balance	45	170
Allowance for loan losses for loans
Individually evaluated for impairment			0	0
Collectively evaluated for impairment			45	89
Ending balance	89	146	45	89
Gross loan balances
Individually evaluated for impairment			121	152
Collectively evaluated for impairment			1,537	1,461
Loans acquired with deteriorated credit quality			2,209	2,168
Ending balance			2,209	2,168
Commercial Real Estate [Member] | Acquisition, Development, and Construction [Member] | Receivables Acquired with Deteriorated Credit Quality [Member]
Allowance for loan losses for loans
Loans acquired with deteriorated credit quality			0	0
Gross loan balances
Loans acquired with deteriorated credit quality			551	555
Commercial Real Estate [Member] | Non-Owner Occupied [Member]
Beginning balance	157	97
Charge-offs	0	0
Recoveries	0	234
Net (charge-offs) recoveries	0	234
Provision (recovery)	149	(75)
Ending balance	306	256
Allowance for loan losses for loans
Individually evaluated for impairment			0	0
Collectively evaluated for impairment			306	157
Ending balance	157	97	306	157
Gross loan balances
Individually evaluated for impairment			0	0
Collectively evaluated for impairment			64,914	56,667
Loans acquired with deteriorated credit quality			66,269	58,044
Ending balance			66,269	58,044
Commercial Real Estate [Member] | Non-Owner Occupied [Member] | Receivables Acquired with Deteriorated Credit Quality [Member]
Allowance for loan losses for loans
Loans acquired with deteriorated credit quality			0	0
Gross loan balances
Loans acquired with deteriorated credit quality			1,355	1,377
Commercial Real Estate [Member] | Owner Occupied [Member]
Beginning balance	82	149
Charge-offs	0	0
Recoveries	0	0
Net (charge-offs) recoveries	0	0
Provision (recovery)	55	(22)
Ending balance	137	127
Allowance for loan losses for loans
Individually evaluated for impairment			0	0
Collectively evaluated for impairment			137	82
Ending balance	82	149	137	82
Gross loan balances
Individually evaluated for impairment			390	151
Collectively evaluated for impairment			40,063	43,190
Loans acquired with deteriorated credit quality			42,425	45,690
Ending balance			42,425	45,690
Commercial Real Estate [Member] | Owner Occupied [Member] | Receivables Acquired with Deteriorated Credit Quality [Member]
Allowance for loan losses for loans
Loans acquired with deteriorated credit quality			0	0
Gross loan balances
Loans acquired with deteriorated credit quality			1,972	2,349
Commercial and Industrial [Member]
Beginning balance	112	357
Charge-offs	0	(109)
Recoveries	13	271
Net (charge-offs) recoveries	13	162
Provision (recovery)	44	(275)
Ending balance	169	244
Allowance for loan losses for loans
Individually evaluated for impairment			0	0
Collectively evaluated for impairment			169	112
Ending balance	112	357	169	112
Gross loan balances
Individually evaluated for impairment			1	0
Collectively evaluated for impairment			32,880	34,814
Loans acquired with deteriorated credit quality			32,881	34,819
Ending balance			32,881	34,819
Commercial and Industrial [Member] | Receivables Acquired with Deteriorated Credit Quality [Member]
Allowance for loan losses for loans
Loans acquired with deteriorated credit quality			0	0
Gross loan balances
Loans acquired with deteriorated credit quality			0	0
Guaranteed Student Loans [Member]
Beginning balance	47	144
Charge-offs	0	0
Recoveries	1	0
Net (charge-offs) recoveries	1	0
Provision (recovery)	(1)	(14)
Ending balance	47	130
Allowance for loan losses for loans
Individually evaluated for impairment			0	0
Collectively evaluated for impairment			47	47
Ending balance	47	144	47	47
Gross loan balances
Individually evaluated for impairment			0	0
Collectively evaluated for impairment			51,693	53,847
Loans acquired with deteriorated credit quality			51,693	53,847
Ending balance			51,693	53,847
Guaranteed Student Loans [Member] | Receivables Acquired with Deteriorated Credit Quality [Member]
Allowance for loan losses for loans
Loans acquired with deteriorated credit quality			0	0
Gross loan balances
Loans acquired with deteriorated credit quality			0	0
Consumer [Member] | Residential Mortgage [Member]
Beginning balance	59	98
Charge-offs	0	0
Recoveries	1	1
Net (charge-offs) recoveries	1	1
Provision (recovery)	18	(44)
Ending balance	78	55
Allowance for loan losses for loans
Individually evaluated for impairment			0	0
Collectively evaluated for impairment			78	59
Ending balance	59	98	78	59
Gross loan balances
Individually evaluated for impairment			39	41
Collectively evaluated for impairment			17,785	17,962
Loans acquired with deteriorated credit quality			17,960	18,140
Ending balance			17,960	18,140
Consumer [Member] | Residential Mortgage [Member] | Receivables Acquired with Deteriorated Credit Quality [Member]
Allowance for loan losses for loans
Loans acquired with deteriorated credit quality			0	0
Gross loan balances
Loans acquired with deteriorated credit quality			136	137
Consumer [Member] | Home Equity Lines of Credit [Member]
Beginning balance	61	76
Charge-offs	0	0
Recoveries	1	3
Net (charge-offs) recoveries	1	3
Provision (recovery)	20	11
Ending balance	82	90
Allowance for loan losses for loans
Individually evaluated for impairment			16	16
Collectively evaluated for impairment			66	45
Ending balance	61	76	82	61
Gross loan balances
Individually evaluated for impairment			235	239
Collectively evaluated for impairment			10,614	10,004
Loans acquired with deteriorated credit quality			11,208	10,603
Ending balance			11,208	10,603
Consumer [Member] | Home Equity Lines of Credit [Member] | Receivables Acquired with Deteriorated Credit Quality [Member]
Allowance for loan losses for loans
Loans acquired with deteriorated credit quality			0	0
Gross loan balances
Loans acquired with deteriorated credit quality			359	360
Consumer [Member] | Other Credit Derivatives [Member]
Beginning balance	216	22
Charge-offs	(71)	(47)
Recoveries	0	0
Net (charge-offs) recoveries	(71)	(47)
Provision (recovery)	(143)	55
Ending balance	2	30
Allowance for loan losses for loans
Individually evaluated for impairment			0	0
Collectively evaluated for impairment			2	216
Ending balance	$ 216	$ 22	2	216
Gross loan balances
Individually evaluated for impairment			0	0
Collectively evaluated for impairment			775	22,722
Loans acquired with deteriorated credit quality			775	22,722
Ending balance			775	22,722
Consumer [Member] | Other Credit Derivatives [Member] | Receivables Acquired with Deteriorated Credit Quality [Member]
Allowance for loan losses for loans
Loans acquired with deteriorated credit quality			0	0
Gross loan balances
Loans acquired with deteriorated credit quality			$ 0	$ 0

Loans, Allowance for Loan Los47

Loans, Allowance for Loan Losses and Credit Quality (Details 8) $ in Thousands	3 Months Ended
	Mar. 31, 2016USD ($)
Gross loan balances
Number of loans	1
Rate modification	$ 0
Term extension	353
Pre-modification recorded investment	353
Post-modification recorded investment	$ 390
Commercial Real Estate Portfolio Segment [Member]
Gross loan balances
Number of loans	1
Rate modification	$ 0
Term extension	353
Pre-modification recorded investment	353
Post-modification recorded investment	$ 390

Loans, Allowance for Loan Los48

Loans, Allowance for Loan Losses and Credit Quality (Details Textual) - USD ($) $ in Thousands	3 Months Ended	12 Months Ended
	Mar. 31, 2016	Dec. 31, 2015
Financing Receivable, Modifications, Recorded Investment	$ 390
Percentage Of Principal And Interest On Guaranteed Student Loans	98.00%
Deferred Loan Costs, Net	$ 1,300	$ 1,700
Purchased Performing Loans	$ 6,100	6,900
Percentage Of Principal And Interest Non Guaranteed Student Loans	2.00%
Guaranteed Student Loans [Member]
Loan Premiums	$ 801	$ 827

Intangible Assets (Details)

Intangible Assets (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Beginning Balance	$ 68	$ 104
Amortization	(9)	(9)
Ending Balance	$ 59	$ 95

Intangible Assets (Details Text

Intangible Assets (Details Textual) $ in Thousands	3 Months Ended
	Mar. 31, 2016USD ($)
Finite-lived Intangible Assets Acquired	$ 249
Finite-Lived Intangible Assets, Amortization Expense, Next Twelve Months	35
Finite-Lived Intangible Assets, Amortization Expense, Year Two	$ 33

Fair Value Measurements (Detail

Fair Value Measurements (Details) - USD ($) $ in Thousands	Mar. 31, 2016	Dec. 31, 2015	Mar. 31, 2015	Dec. 31, 2014
Assets:
Cash and cash equivalents	$ 17,716	$ 18,460	$ 33,090	$ 21,840
Securities available for sale	44,899	46,220
Securities held to maturity	37,227	25,500
Interest receivable	2,018	2,085
Liabilities:
Demand deposits	26,938	28,969
Savings and interest-bearing demand deposits	112,582	107,057
Time deposits	150,503	154,018
FHLB Borrowings	30,000	30,000
Fair Value, Inputs, Level 1 [Member]
Assets:
Cash and cash equivalents	17,716	18,460
Securities available for sale	0	0
Securities held to maturity	0	0
Restricted securities	0	0
Loans held for sale	0	0
Net Loans held for investment	0	0
Interest receivable		0
Liabilities:
Demand deposits	0	0
Savings and interest-bearing demand deposits	0	0
Time deposits	0	0
FHLB Borrowings	0	0
Interest payable	0	0
Fair Value, Inputs, Level 2 [Member]
Assets:
Cash and cash equivalents	0	0
Securities available for sale	44,899	46,220
Securities held to maturity	37,675	25,694
Restricted securities	2,393	2,355
Loans held for sale	10,646	220
Net Loans held for investment	0	0
Interest receivable	2,018	2,085
Liabilities:
Demand deposits	26,938	28,969
Savings and interest-bearing demand deposits	112,582	107,057
Time deposits	149,284	154,027
FHLB Borrowings	29,953	29,878
Interest payable	221	197
Fair Value, Inputs, Level 3 [Member]
Assets:
Cash and cash equivalents	0	0
Securities available for sale	0	0
Securities held to maturity	0	0
Restricted securities	0	0
Loans held for sale	0	0
Net Loans held for investment	223,352	244,776
Interest receivable		0
Liabilities:
Demand deposits	0	0
Savings and interest-bearing demand deposits	0	0
Time deposits	0	0
FHLB Borrowings	0	0
Interest payable	0	0
Fair Value [Member]
Assets:
Cash and cash equivalents	17,716	18,460
Securities available for sale	44,899	46,220
Securities held to maturity	37,675	25,694
Restricted securities	2,393	2,355
Loans held for sale	10,646	220
Net Loans held for investment	223,352	244,776
Interest receivable	2,018	2,085
Liabilities:
Demand deposits	26,938	28,969
Savings and interest-bearing demand deposits	112,582	107,057
Time deposits	149,284	154,027
FHLB Borrowings	29,953	29,878
Interest payable	221	197
Carrying Amount [Member]
Assets:
Cash and cash equivalents	17,716	18,460
Securities available for sale	44,899	46,220
Securities held to maturity	37,227	25,500
Restricted securities	2,393	2,355
Loans held for sale	10,646	220
Net Loans held for investment	224,554	245,210
Interest receivable	2,018	2,085
Liabilities:
Demand deposits	26,938	28,969
Savings and interest-bearing demand deposits	112,582	107,057
Time deposits	150,503	154,018
FHLB Borrowings	30,000	30,000
Interest payable	$ 221	$ 197

Fair Value Measurements (Deta52

Fair Value Measurements (Details 1) - USD ($) $ in Thousands	Mar. 31, 2016	Dec. 31, 2015
U.S. Government Agencies [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets, Fair Value Disclosure, Recurring	$ 1,998	$ 2,139
U.S. Government Agencies [Member] | Fair Value, Inputs, Level 1 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets, Fair Value Disclosure, Recurring	0	0
U.S. Government Agencies [Member] | Fair Value, Inputs, Level 2 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets, Fair Value Disclosure, Recurring	1,998	2,139
U.S. Government Agencies [Member] | Fair Value, Inputs, Level 3 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets, Fair Value Disclosure, Recurring	0	0
Agency Guaranteed Mortgage- Backed Securities [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets, Fair Value Disclosure, Recurring	42,901	44,081
Agency Guaranteed Mortgage- Backed Securities [Member] | Fair Value, Inputs, Level 1 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets, Fair Value Disclosure, Recurring	0	0
Agency Guaranteed Mortgage- Backed Securities [Member] | Fair Value, Inputs, Level 2 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets, Fair Value Disclosure, Recurring	42,901	44,081
Agency Guaranteed Mortgage- Backed Securities [Member] | Fair Value, Inputs, Level 3 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets, Fair Value Disclosure, Recurring	0	0
Loans Held For Sale [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets, Fair Value Disclosure, Recurring	10,646	220
Loans Held For Sale [Member] | Fair Value, Inputs, Level 1 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets, Fair Value Disclosure, Recurring	0	0
Loans Held For Sale [Member] | Fair Value, Inputs, Level 2 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets, Fair Value Disclosure, Recurring	10,646	220
Loans Held For Sale [Member] | Fair Value, Inputs, Level 3 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets, Fair Value Disclosure, Recurring	$ 0	$ 0

Fair Value Measurements (Deta53

Fair Value Measurements (Details 2) - USD ($) $ in Thousands	Mar. 31, 2016	Dec. 31, 2015
Fair Value Measurements [Line Items]
Impaired loans	$ 48	$ 48
Other real estate owned	2,017	1,870
Fair Value, Inputs, Level 1 [Member]
Fair Value Measurements [Line Items]
Impaired loans	0	0
Other real estate owned	0	0
Fair Value, Inputs, Level 2 [Member]
Fair Value Measurements [Line Items]
Impaired loans	0	0
Other real estate owned	0	0
Fair Value, Inputs, Level 3 [Member]
Fair Value Measurements [Line Items]
Impaired loans	48	48
Other real estate owned	$ 2,017	$ 1,870

Fair Value Measurements (Deta54

Fair Value Measurements (Details 3) - USD ($) $ in Thousands	3 Months Ended	12 Months Ended
	Mar. 31, 2016	Dec. 31, 2015
Other Real Estate Owned [Member]
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Fair Value	$ 2,017	$ 1,870
Valuation Technique	Discounted appraised value	Discounted appraised value
Unobservable Input	Discount for lack of marketability	Discount for lack of marketability
Impaired Loan [Member]
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Fair Value	$ 48	$ 48
Valuation Technique	Appraisals	Appraisals
Unobservable Input	Discount to reflect current market condition and estimated selling costs	Discount to reflect current market condition and estimated selling costs
Minimum [Member] | Other Real Estate Owned [Member]
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Range	6.00%	6.00%
Minimum [Member] | Impaired Loan [Member]
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Range	0.00%	0.00%
Maximum [Member] | Other Real Estate Owned [Member]
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Range	29.00%	29.00%
Maximum [Member] | Impaired Loan [Member]
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Range	10.00%	10.00%

Stock-Based Compensation (Detai

Stock-Based Compensation (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended	12 Months Ended
	Mar. 31, 2016	Dec. 31, 2015
Stock Options Outstanding, Beginning Balance		124,686
Stock Options Vested, Beginning Balance		63,567
Stock Options Nonvested, Beginning Balance		61,119
Stock Options, Issued	0
Stock Options, Exercised	0
Stock Options, Forfeited	0
Stock Options, Expired	0
Stock Options Outstanding, Ending Balance	124,686
Stock Options Vested, Ending Balance	79,985
Stock Options Nonvested, Ending Balance	44,701
Weighted Average Exercise Price Outstanding, Beginning balance		$ 6.59
Weighted Average Exercise Price Vested, Beginning balance		8.71
Weighted Average Exercise Price Nonvesed, Beginning balance		$ 4.39
Weighted Average Exercise Price, Issued	$ 0
Weighted Average Exercise Price, Exercised	0
Weighted Average Exercise Price, Forfeited	0
Weighted Average Exercise Price, Expired	0
Weighted Average Exercise Price Outstanding, Ending Balance	6.59
Weighted Average Exercise Price Vested, Ending Balance	7.93
Weighted Average Exercise Price Nonvested, Ending balance	$ 4.20
Weighted Average Remaining Contractual Life, Outstanding	7 years 3 months 14 days	0 years
Weighted Average Remaining Contractual Life, Vested	6 years 6 months 22 days	0 years
Weighted Average Remaining Contractual Life, Nonvested	8 years 7 months 10 days	0 years
Weighted Average Remaining Contractual Life, Issued	0 years
Weighted Average Remaining Contractual Life, Exercised	0 years
Weighted Average Remaining Contractual Life, Forfeited	0 years
Weighted Average Remaining Contractual Life, Expired	0 years
Weighted Average Grant Date Fair Value Outstanding, Beginning Balance		$ 2.25
Weighted Average Grant Date Fair Value Vested, Beginning Balance		2.94
Weighted Average Grant Date Fair Value Nonvested, Beginning Balance		$ 1.54
Weighted Average Grant Date Fair Value, Issued	$ 0
Weighted Average Grant Date Fair Value, Exercised	0
Weighted Average Grant Date Fair Value, Forfeited	0
Weighted Average Grant Date Fair Value, Expired	0
Weighted Average Grant Date Fair Value Outstanding, Ending Balance	2.25
Weighted Average Grant Date Fair Value Vested, Ending Balance	2.68
Weighted Average Grant Date Fair Value Nonvested, Ending Balance	$ 1.48
Aggregate Intrinsic Value Outstanding, Starting balance		$ 0
Aggregate Intrinsic Value Vested, Starting balance		0
Aggregate Intrinsic Value Nonvested, Starting balance		$ 0
Aggregate Intrinsic Value, Issued	$ 0
Aggregate Intrinsic Value, Exercised	0
Aggregate Intrinsic Value, Forfeited	0
Aggregate Intrinsic Value, Expired	0
Aggregate Intrinsic Value Outstanding, Ending balance	2,260
Aggregate Intrinsic Value Vested, Ending balance	35
Aggregate Intrinsic Value Nonvested, Ending balance	$ 2,224

Stock-Based Compensation (Det56

Stock-Based Compensation (Details 1) - $ / shares	3 Months Ended	12 Months Ended
	Mar. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Stock Options Outstanding	124,686		124,686
Wgt. Avg Exerciese Price Outstanding	$ 6.59		$ 6.59
Wgt. Avg. Remaining Contractual Life	7 years 3 months 14 days	0 years
Employee Stock Option [Member]
Stock Options Outstanding	124,686
Wgt. Avg Exerciese Price Outstanding	$ 6.59
Wgt. Avg. Remaining Contractual Life	7 years 3 months 14 days
Stock Options Exercisable	79,985
Wgt. Avg Exerciese Price Exercisable	$ 7.93
Exercise Price Range One [Member] | Employee Stock Option [Member]
Stock Options Outstanding	124,686
Wgt. Avg Exerciese Price Outstanding	$ 6.59
Wgt. Avg. Remaining Contractual Life	7 years 3 months 14 days
Range of Exercise Prices, Minimum	$ 3.82
Range of Exercise Prices, Maximum	$ 61
Exercise Price Range Two [Member] | Employee Stock Option [Member]
Stock Options Exercisable	79,985
Wgt. Avg Exerciese Price Exercisable	$ 7.93
Range of Exercise Prices, Minimum	3.82
Range of Exercise Prices, Maximum	$ 61

Stock-Based Compensation (Det57

Stock-Based Compensation (Details 2)	3 Months Ended	12 Months Ended
	Mar. 31, 2016	Dec. 31, 2015
Expected dividend rate	0.00%	0.00%
Expected volatility	0.00%	30.00%
Expected term in years	0 years	7 years
Risk free rate	0.00%	2.01%

Stock-Based Compensation (Det58

Stock-Based Compensation (Details 3) $ in Thousands	3 Months Ended
	Mar. 31, 2016USD ($)
Total intrinsic value of options exercised:	$ 0
Total fair value of shares vested:	$ 27,886
Weighted-average period over which nonvested awards are expected to be recognized:	10 months 13 days

Stock-Based Compensation (Det59

Stock-Based Compensation (Details 4) - Restricted Stock [Member]	3 Months Ended
	Mar. 31, 2016$ / sharesshares
Nonvested, Number, Beginning Balance | shares	107,460
Issued | shares	24,214
Vested | shares	49,875
Forfeited | shares	0
Nonvested, Number, Ending Balance | shares	81,799
Nonvested, Number,Weighted Average Price Beginning Balance | $ / shares	$ 4.05
Issued | $ / shares	3.86
Vested | $ / shares	4.07
Forfeited | $ / shares	0
Nonvested, Number,Weighted Average Price Ending Balance | $ / shares	$ 3.99

Stock-Based Compensation (Det60

Stock-Based Compensation (Details 5) $ in Thousands	3 Months Ended
	Mar. 31, 2016USD ($)
Total fair value of shares vested:	$ 27,886
Restricted Stock [Member]
Total fair value of shares vested:	$ 202,869
Weighted-average period over which nonvested awards are expected to be recognized:	1 year 5 months 19 days

Stock-Based Compensation (Det61

Stock-Based Compensation (Details 6) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Share-based Compensation Arrangement by Share-based Payment Award, Compensation Cost [Line Items]
Allocated Share-based Compensation Expense	$ 886	$ 55
Employee Stock Option [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Compensation Cost [Line Items]
Allocated Share-based Compensation Expense	18	12
Restricted Stock Options [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Compensation Cost [Line Items]
Allocated Share-based Compensation Expense	150	43
Founders Shares [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Compensation Cost [Line Items]
Allocated Share-based Compensation Expense	$ 718	$ 0

Stock-Based Compensation (Det62

Stock-Based Compensation (Details Textual) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015	Dec. 31, 2015
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Gross	0
Employee Service Share-based Compensation, Nonvested Awards, Compensation Not yet Recognized, Stock Options	$ 28	$ 91
Employee Service Share-based Compensation, Nonvested Awards, Compensation Not yet Recognized, Share-based Awards Other than Options	314	493
Allocated Share-based Compensation Expense	886	$ 55
Employee Stock Option [Member] | Mr. Zoeller [Member]
Allocated Share-based Compensation Expense	$ 800
September 2013 [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Gross	10,000
Restricted Stock [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period	24,214
Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period Grant Date Fair Value	$ 93
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Vested in Period	49,875
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number	81,799		107,460
Restricted Stock [Member] | Mr. Zoeller [Member]
Allocated Share-based Compensation Expense	$ 886
Restricted Stock [Member] | September 2013 [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Gross	12,500
2005 Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Available for Grant	26,560
2011 Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Available for Grant	565,346
Share-based Compensation Arrangement by Share-based Payment Award, Options, Other Increases (Decreases) in Period	800,000
Founding Investors Of Cordia [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period	578,125
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Vested in Period	184,000
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number	394,125
Outside Plan Prior To Merger In March 2013 [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Gross	20,000

Accumulated other Comprehensi63

Accumulated other Comprehensive Income (Loss) (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning balance	$ (690)	$ (468)
Unrealized holding losses on available for sale securities	531	304
Amortization of unrealized losses transferred from AFS to HTM reclassification adjustment	11	12
Net current period other comprehensive income	542	316
Ending balance	(148)	(152)
Unrealized Gain (Loss) on Available-for-Sale Securities [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning balance	(453)	(182)
Unrealized holding losses on available for sale securities	531	304
Amortization of unrealized losses transferred from AFS to HTM reclassification adjustment	0	0
Net current period other comprehensive income	531	304
Ending balance	78	122
Unrealized losses transferred Held-to-Maturity Securities [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning balance	(237)	(286)
Unrealized holding losses on available for sale securities	0	0
Amortization of unrealized losses transferred from AFS to HTM reclassification adjustment	11	12
Net current period other comprehensive income	11	12
Ending balance	$ (226)	$ (274)

Accumulated other Comprehensi64

Accumulated other Comprehensive Income (Loss) (Details 1) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Accumulated Other Comprehensive Income (Loss) [Line Items]
Realized gains on sales of available for sale securities	$ 0	$ 114
Total reclassifications	11	126
Interest income - investment securities [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Amortization of unrealized losses transferred to held to maturity	11	12
Net gain on sale of available-for-sale securities [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Realized gains on sales of available for sale securities	$ 0	$ 114