Cordia Bancorp 10-Q 4 Aug 16 2016 Q2 Quarterly report Financial data

Document And Entity Information

Document And Entity Information - shares	6 Months Ended
	Jun. 30, 2016	Aug. 01, 2016
Document Information [Line Items]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Jun. 30, 2016
Document Fiscal Year Focus	2,016
Document Fiscal Period Focus	Q2
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		6,800,690

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($) $ in Thousands	Jun. 30, 2016	Dec. 31, 2015
Assets
Cash and due from banks	$ 4,244	$ 6,135
Federal funds sold and interest-bearing deposits with banks	7,548	12,325
Total cash and cash equivalents	11,792	18,460
Securities available for sale, at fair market value	42,910	46,220
Securities held to maturity, at cost (fair value $36,411 and $25,694 at June 30, 2016 and December 31, 2015, respectively)	35,864	25,500
Restricted securities	2,393	2,355
Loans held for sale	0	220
Loans net of allowance for loan losses of $915 and $823, at June 30, 2016 and December 31, 2015, respectively	250,538	245,210
Premises and equipment, net	5,844	5,980
Accrued interest receivable	2,090	2,085
Other real estate owned, net of valuation allowance	1,885	1,870
Other assets	440	590
Total assets	353,756	348,490
Deposits
Non-interest bearing	29,293	28,969
Savings and interest-bearing demand	114,015	107,057
Time deposits	152,754	154,018
Total deposits	296,062	290,044
Accrued expenses and other liabilities	725	707
FHLB borrowings	30,000	30,000
Total liabilities	326,787	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	53	51
Additional paid-in capital	34,155	33,191
Retained deficit	(7,214)	(4,827)
Accumulated other comprehensive loss	(39)	(690)
Total stockholders' equity	26,969	27,739
Total liabilities and stockholders' equity	353,756	348,490
NonVoting [Member]
Stockholders' equity
Common stock	$ 14	$ 14

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Thousands	Jun. 30, 2016	Dec. 31, 2015
Held-to-maturity Securities, Fair Value	$ 36,411	$ 25,694
Allowance for loan losses	$ 915	$ 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	5,397,768	5,186,349
Restricted Stock [Member]
Common Stock, Shares, Outstanding	75,312	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		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015
Interest income
Interest and fees on loans	$ 2,590	$ 2,327	$ 5,218	$ 4,510
Investment securities	442	383	840	746
Federal funds sold and deposits with banks	11	5	20	12
Total interest income	3,043	2,715	6,078	5,268
Interest expense
Interest on deposits	607	470	1,153	924
Interest on FHLB borrowings	93	93	188	182
Total interest expense	700	563	1,341	1,106
Net interest income	2,343	2,152	4,737	4,162
Provision for (recovery of) loan losses	49	63	147	(277)
Net interest income after provision for (recovery of) loan losses	2,294	2,089	4,590	4,439
Non-interest income (loss)
Service charges on deposit accounts	37	30	68	60
Net gain on sale of available for sale securities	0	0	0	114
Realized and unrealized gains (losses) on loans held for sale	(170)	14	(883)	35
Other fee income	68	53	136	101
Total non-interest income (loss)	(65)	97	(679)	310
Non-interest expense
Salaries and employee benefits	1,010	1,082	2,914	2,362
Professional services	118	100	288	184
Merger related expenses	200	0	200	0
Occupancy	129	159	273	312
Reversal of occupancy fair value discount	0	(225)	0	(225)
Data processing and communications	225	206	471	404
FDIC assessment and bank fees	168	92	337	182
Bank franchise taxes	47	49	95	98
Student loan servicing fees and other loan expenses	125	208	292	354
Other real estate expenses	17	45	56	51
Supplies and equipment	68	70	141	143
Insurance	20	19	38	39
Director's fees	58	21	111	47
Marketing and business development	14	31	49	49
Loss on sale of subsidiary	0	0	843	0
Other operating expenses	103	93	191	162
Total non-interest expense	2,302	1,950	6,299	4,162
Net income (loss) before income taxes	(73)	236	(2,388)	587
Income taxes	0	0	0	0
Net income (loss)	$ (73)	$ 236	$ (2,388)	$ 587
Basic net income (loss) per common share	$ (0.01)	$ 0.04	$ (0.35)	$ 0.09
Diluted net income (loss) per common share	$ (0.01)	$ 0.04	$ (0.35)	$ 0.09
Weighted average common shares outstanding, basic (in shares)	6,798,170	6,583,848	6,728,573	6,571,600
Weighted average common shares outstanding, diluted (in shares)	6,798,170	6,583,848	6,728,573	6,571,600

Consolidated Statement of Compr

Consolidated Statement of Comprehensive Income (Loss) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015
Net income (loss)	$ (73)	$ 236	$ (2,388)	$ 587
Other comprehensive income (loss)
Unrealized securities gains (losses) arising during period	99	(470)	630	(52)
Less: Reclassification adjustment for net securities gains included in net income (loss)	0	0	0	(114)
Add: Amortization of unrealized losses for securities transferred from available for sale to held to maturity	10	13	21	25
Total other comprehensive income (loss)	109	(457)	651	(141)
Comprehensive income (loss)	$ 36	$ (221)	$ (1,737)	$ 446

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015
Cash flows from operating activities:
Net income (loss)	$ (2,388)	$ 587
Adjustments to reconcile net income (loss) to net cash (used in) provided by operating activities
Net amortization of premium on investment securities	234	230
Purchase accounting accretion, net	(4)	(333)
Depreciation	162	148
Amortization of deferred loan costs and fees	254	183
Provision for (recovery of) loan losses	147	(277)
Net gain on sale of available for sale securities	0	(114)
Gain on sale of other real estate owned	(14)	0
Stock based compensation	967	110
Other real estate owned valuation adjustment	22	16
Originations of loans held for sale	(25,838)	(1,854)
Proceeds from the sale of loans held for sale	24,652	1,793
Realized and unrealized (gains) losses on loans held for sale	883	(35)
Gain on disposal of premises and equipment	(8)	0
Changes in assets and liabilities:
Decrease (increase) in accrued interest receivable	(5)	7
Decrease (increase) in other assets	132	(236)
Increase (decrease) in accrued expenses and other liabilities	22	(125)
Net cash (used in) provided by operating activities	(782)	100
Cash flows from investing activities:
Purchase of securities available for sale	0	(23,429)
Purchase of securities held to maturity	(12,498)	(7,677)
(Purchase)of restricted securities, net	(38)	(239)
Proceeds from sales, maturities, and paydowns of securities available for sale	3,798	18,239
Proceeds from payments/maturities of securities held to maturity	2,063	1,277
Proceeds from the sale of other real estate owned	132	104
Consumer mortgage loans held for sale
Net increase in loans	(5,343)	(13,077)
Improvements to other real estate owned	0	(6)
Purchase of premises and equipment	(33)	(1,795)
Proceeds from the sale of premises and equipment	15	0
Net cash (used in) investing activities	(11,904)	(26,603)
Cash flows from financing activities:
Repurchase of common stock	0	(5)
Net increase in demand savings, interest-bearing checking and money market deposits	7,282	17,787
Net (decrease) increase in time deposits	(1,264)	1,245
Proceeds from FHLB advances	10,000	5,000
Repayment of FHLB advances	(10,000)	0
Net cash provided by financing activities	6,018	24,027
Net (decrease) in cash and cash equivalents	(6,668)	(2,476)
Cash and cash equivalents, beginning of period	18,460	21,840
Cash and cash equivalents, end of period	11,792	19,364
Supplemental disclosure of cash flow information
Cash payments for interest	1,310	1,097
Supplemental disclosure of noninvesting activities
Unrealized gains (losses) on securities available for sale	630	(166)
Amortization of unrealized losses transferred to held to maturity	21	25
Transfer of loans from held for investment to held for sale	29,751	0
Transfer of loans from held for sale to held for investment	(30,274)	0
Loans transferred to other real estate owned	$ 155	$ 242

Organization and Summary of Sig

Organization and Summary of Significant Accounting Policies	6 Months Ended
	Jun. 30, 2016
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Organization, Consolidation and Presentation of Financial Statements Disclosure and Significant Accounting Policies [Text Block]	Note 1. 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, for a total issuance of approximately 3,629,871 2,229,434 1,400,437 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 all of the subsidiary’s outstanding stock 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. On May 20, 2016, Cordia announced the signing of a definitive merger agreement with First-Citizens Bank & Trust Company (known as First Citizens Bank). The agreement has been approved by the boards of directors of both companies and the transaction is expected to close no later than the fourth quarter of 2016, pending the receipt of all regulatory approvals, the approval of Cordia Bancorp shareholders, and the satisfaction of customary closing conditions. Under the terms of the agreement, cash consideration of $ 5.15 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 and six months ended June 30, 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) Requires 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) Requires public business entities to use the exit price notion when measuring the fair value of financial instruments for disclosure purposes. 3) Requires separate presentation of financial assets and financial liabilities by measurement category and form of financial asset (i.e., securities or loans and receivables). 4) Eliminates 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. In March 2016, the FASB issued ASU No. 2016-03, “Intangibles-Goodwill and Other (Topic 350), Business Combinations (Topic 805), Consolidation (Topic 810) and Derivatives and Hedging (Topic 815): Effective Date and Transition Guidance.” The amendments to this ASU make the guidance in ASUs 2014-02, 2014-03, 2014-07, and 2014-18 effective immediately by removing their effective dates. The amendments also include transition provisions that provide that private companies are able to forgo a preferability assessment the first time they elect the accounting alternatives within the scope of this ASU. Any subsequent change to an accounting policy election requires justification that the change is preferable under Topic 250, Accounting Changes and Error Corrections. The amendments in this ASU also extend the transition guidance in ASUs 2014-02, 2014-03, 2014-07, and 2014-18 indefinitely. While this ASU extends transition guidance for Updates 2014-07 and 2014-18, there is no intention to change how transition is applied for those two ASUs. The Company is currently assessing the impact that ASU 2016-03 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. During June 2016, the FASB issued ASU No. 2016-13, “Financial Instruments – Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments.” The amendments in this ASU, among other things, require the measurement of all expected credit losses for financial assets held at the reporting date based on historical experience, current conditions, and reasonable and supportable forecasts. Financial institutions and other organizations will now use forward-looking information to better inform their credit loss estimates. Many of the loss estimation techniques applied today will still be permitted, although the inputs to those techniques will change to reflect the full amount of expected credit losses. In addition, the ASU amends the accounting for credit losses on available-for-sale debt securities and purchased financial assets with credit deterioration. The amendments in this ASU are effective for SEC filers for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2019. For public companies that are not SEC filers, the amendments in this ASU are effective for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2020. The Company is currently assessing the impact that ASU 2016-13 will have on its consolidated financial statements.

Business Combination

Business Combination	6 Months Ended
	Jun. 30, 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 June 30, Six Months Ended June 30, (dollars in thousands) 2016 2015 2016 2015 Loans $ 7 $ 54 $ 18 $ 75 Premises and equipment 2 2 4 4 Core deposit intangible (9) (9) (18) (18) Building lease obligations - 248 - 272 Net impact to net income (loss) $ - $ 295 $ 4 $ 333

Earnings Per Share

Earnings Per Share	6 Months Ended
	Jun. 30, 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 80 109 For the periods ended June 30, 2016 and 2015, 394,125 578,125 100 Three months ended June 30, Six months ended June 30, (dollars in thousands) 2016 2015 2016 2015 Net income (loss) $ (73) $ 236 $ (2,388) $ 587 Weighted average common shares outstanding, basic 6,798,170 6,583,848 6,728,573 6,571,600 Dilutive effect of stock options - - - - Weighted average common shares outstanding, diluted 6,798,170 6,583,848 6,728,573 6,571,600 Basic net income (loss) per common share $ (0.01) $ 0.04 $ (0.35) $ 0.09 Diluted net income (loss) per common share $ (0.01) $ 0.04 $ (0.35) $ 0.09

Securities

Securities	6 Months Ended
	Jun. 30, 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 an agency guaranteed mortgage-backed security. 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 $ 78.8 71.7 42.9 35.9 June 30, 2016 Amortized Gross Unrealized (dollars in thousands) Cost Gains Losses Fair Value U.S. Government agencies $ 1,944 $ 12 $ (6) $ 1,950 Agency guaranteed mortgage-backed securities 40,789 222 (51) 40,960 Total $ 42,733 $ 234 $ (57) $ 42,910 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 31 June 30, 2016 Amortized Gross Unrealized (dollars in thousands) Cost Gains Losses Fair Value Agency guaranteed mortgage-backed securities $ 35,864 $ 579 $ (32) $ 36,411 Total $ 35,864 $ 579 $ (32) $ 36,411 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 (Dollars in thousands) Amortized Fair Value Over one year within five years $ - $ - Over five years within ten years 1,944 1,950 Over ten years 40,789 40,960 Total $ 42,733 $ 42,910 The carry value and fair value of securities held to maturity as of June 30, 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: (Dollars in thousands) Amortized Fair Value Over five years within ten years $ 3,599 $ 3,815 Over ten years 32,265 32,596 Total $ 35,864 $ 36,411 As of June 30, 2016, the portfolio is concentrated in average maturities of over ten years, although all recently purchased securities have effective durations 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 six months ended June 30, 2016. During the six months ended June 30, 2015, the Company sold $ 13.1 114 June 30, 2016 Less than 12 Months 12 Months or Longer Total (dollars in thousands) Fair Value Unrealized Fair Value Unrealized Fair Value Unrealized U.S. Government agencies $ - $ - $ 1,400 $ (6) $ 1,400 $ (6) Agency guaranteed mortgage-backed securities 9,993 (39) 8,038 (44) 18,031 (83) Total $ 9,993 $ (39) $ 9,438 $ (50) $ 19,431 $ (89) December 31, 2015 (dollars in thousands) Fair Value Unrealized Fair Value Unrealized Fair Value Unrealized 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 June 30, 2016, there was a U.S. Government agency security and an agency guaranteed mortgage-backed security with unrealized losses totaling $ 89 497 Investment securities with combined market values of $ 12.9 13.8 21.5 16.8

Loans Held for Sale

Loans Held for Sale	6 Months Ended
	Jun. 30, 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 no residential loans held for sale as of June 30, 2016 and $ 220 In the first quarter of 2016, the Company transferred $ 29.8 24.0 30.3 409 (dollars in thousands) 2016 Balance at January 1 $ - Additions 909 Loss on sale of loans (500) Transfer to loans held for investment (409) Balance at June 30 $ -

Loans, Allowance for Loan Losse

Loans, Allowance for Loan Losses and Credit Quality	6 Months Ended
	Jun. 30, 2016
Allowance For Loan And Lease Losses Provision For Net Loss [Abstract]
Allowance for Credit Losses [Text Block]	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) June 30, 2016 December 31, 2015 Commercial Real Estate: Acquisition, development and construction $ 2,202 $ 2,168 Non-owner occupied 64,417 58,044 Owner occupied 40,197 45,690 Commercial and industrial 34,926 34,819 Guaranteed student loans 49,437 53,847 Consumer: Residential mortgage 17,184 18,140 HELOC 11,957 10,603 Other 31,133 22,722 Total loans 251,453 246,033 Allowance for loan losses (915) (823) Total loans, net of allowance for loan losses $ 250,538 $ 245,210 Included in the loan balances above are net deferred loan costs of $ 1.9 1.7 775 827 30.3 21.9 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 $ 4.9 6.9 (dollars in thousands) June 30, 2016 December 31, 2015 Contract principal balance $ 4,310 $ 4,779 Accretable yield - (1) Carrying value of loans $ 4,310 $ 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 (dollars in thousands) Accretable Nonaccretable Accretable Nonaccretable Beginning balance $ 1 $ - $ 42 $ 5 Charge-offs related to loans covered by ASC 310-30 - - - - Transfers - - 5 (5) Accretion (1) (41) Ending balance $ - $ - $ 6 $ - 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 and 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 and lease losses (“ALLL”) 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 - The following is the distribution of loans by credit quality and segment as of June 30, 2016 and December 31, 2015: June 30, 2016 (dollars in thousands) Commercial Real Estate Consumer Credit quality class Acq-Dev Non-owner Owner Commercial and Guaranteed Residential HELOC Other Total 1 Highest quality $ - $ - $ - $ - $ - $ - $ - $ - $ - 2 Above average quality - 7,689 2,505 2,437 49,437 - 1,976 286 64,330 3 Satisfactory 1,328 32,974 16,150 25,893 - 11,548 6,246 30,797 124,936 4 Pass 212 22,422 19,217 6,076 - 5,438 2,785 50 56,200 5 Special mention - - - 520 - 25 360 - 905 6 Substandard 121 - 381 - - 38 232 - 772 7 Doubtful - - - - - - - - - 1,661 63,085 38,253 34,926 49,437 17,049 11,599 31,133 247,143 Loans acquired with deteriorated credit quality 541 1,332 1,944 - - 135 358 - 4,310 Total loans $ 2,202 $ 64,417 $ 40,197 $ 34,926 $ 49,437 $ 17,184 $ 11,957 $ 31,133 $ 251,453 December 31, 2015 (dollars in thousands) Commercial Real Estate Consumer Credit quality class Acq-Dev Non-owner Owner Commercial and Guaranteed Residential 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 A summary of the balances of loans outstanding by days past due, including accruing and non-accruing loans by portfolio class as of June 30, 2016 and December 31, 2015 is as follows: Commercial Real Estate Consumer At June 30, 2016( in thousands) Acq-Dev Non-owner Owner Commercial and Guaranteed Residential HELOC Other Total 30 - 59 days $ - $ - $ - $ - $ 1,856 $ - $ - $ - $ 1,856 60 - 89 days - - - - 2,203 - - - 2,203 > 90 days 121 - 878 - 6,199 - 64 - 7,262 Total past due 121 - 878 - 10,258 - 64 - 11,321 Current 2,081 64,417 39,319 34,926 39,179 17,184 11,893 31,133 240,132 Total loans $ 2,202 $ 64,417 $ 40,197 $ 34,926 $ 49,437 $ 17,184 $ 11,957 $ 31,133 $ 251,453 > 90 days still accruing $ - $ - $ - $ - $ 6,199 $ - $ - $ - $ 6,199 Commercial Real Estate Consumer At December 31, 2015 (in thousands) Acq-Dev Non-owner Owner Commercial and Guaranteed Residential 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. (dollars in thousands) June 30, December 31, Commercial Real Estate: Acquisition, development and construction $ 121 $ 152 Owner occupied 1,259 1,388 Commercial and industrial - 5 Consumer: Residential mortgage - - HELOC 284 289 Total non-accrual loans $ 1,664 $ 1,834 Non-accrual troubled debt restructurings included above $ 381 $ - Non-accrual purchased credit impaired loans included above $ 1,010 $ 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 June 30, 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 June 30, 2016. The results of those analyses are presented in the following tables. (dollars in thousands) Recorded (1) Unpaid (2) Related Average Interest With no related allowance recorded: Commercial Real Estate: Acquisition, development and construction $ 121 $ 121 $ - $ 125 $ - Non-owner occupied - - - - - Owner occupied 381 389 - 223 - Commercial and industrial - - - - - Consumer: - Residential mortgage 38 38 - 39 1 HELOC 168 168 - 171 2 Other - - - - - $ 708 $ 716 $ - $ 558 $ 3 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 30 66 - Other - - - - - $ 64 $ 64 $ 30 $ 66 $ - Total: Commercial Real Estate: Acquisition, development and construction $ 121 $ 121 $ - $ 125 $ - Non-owner occupied - - - - - Owner occupied 381 389 - 223 - Commercial and industrial - - - - - Consumer: Residential mortgage 38 38 - 39 1 HELOC 232 232 30 237 2 Other - - - - - Total $ 772 $ 780 $ 30 $ 624 $ 3 (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. The following information is a summary of related impaired loans, excluding loans acquired with deteriorating credit quality, presented by portfolio class as of December 31, 2015: (dollars in thousands) Recorded (1) Unpaid (2) Related Average Interest 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. Activity in the ALLL for the six months ended June 30, 2016 and 2015 is summarized below: Commercial Real Estate Consumer (dollars in thousands) Acquisition, Non-owner Owner Commercial Guaranteed Residential HELOC Other Total Allowance for loan losses Beginning balance, December 31, 2015 $ 89 $ 157 $ 82 $ 112 $ 47 $ 59 $ 61 $ 216 $ 823 Charge-offs - - - - (13) - - (71) (84) Recoveries - - - 25 - 1 3 - 29 Net (charge-offs) recoveries - - - 25 (13) 1 3 (71) (55) Provision (recovery) (53) 130 110 33 11 15 43 (142) 147 Ending balance, June 30, 2016 36 287 192 170 45 75 107 3 915 Commercial Real Estate Consumer (dollars in thousands) Acquisition, Non-owner Owner Commercial Guaranteed Residential HELOC Other Total Allowance for loan losses Beginning balance, December 31, 2014 $ 146 $ 97 $ 149 $ 357 $ 144 $ 98 $ 76 $ 22 $ 1,089 Charge-offs (127) - - (109) (106) - (20) (2) (364) Recoveries - 234 302 - 3 3 - 542 Net (charge-offs) recoveries (127) - 234 193 (106) 3 (17) (2) 178 Provision (recovery) 43 219 (295) (295) 70 (51) (1) 33 (277) Ending balance, June 30, 2015 $ 62 $ 316 $ 88 $ 255 $ 108 $ 50 $ 58 $ 53 $ 990 A summary of the ALLL by portfolio segment and impairment evaluation methodology as of June 30, 2016 and December 31, 2015 is as follows: Commercial Real Estate Consumer (dollars in thousands) Acquisition, Non-owner Owner Commercial and Guaranteed Residential HELOC Other Total Allowance for loan losses for loans Individually evaluated for impairment $ - $ - $ - $ - $ - $ - $ 30 $ - $ 30 Collectively evaluated for impairment 36 287 121 170 45 75 77 3 814 Loans acquired with deteriorated credit quality - - 71 - - - - - 71 Ending balance, June 30, 2016 $ 36 $ 287 $ 192 $ 170 $ 45 $ 75 $ 107 $ 3 $ 915 Gross loan balances Individually evaluated for impairment $ 121 $ - $ 381 $ - $ - $ 38 $ 232 $ - $ 772 Collectively evaluated for impairment 1,540 63,085 37,872 34,926 49,437 17,011 11,367 31,133 246,372 Loans acquired with deteriorated credit quality 541 1,332 1,944 - - 135 358 - 4,310 Ending balance, June 30, 2016 $ 2,202 $ 64,417 $ 40,197 $ 34,926 $ 49,437 $ 17,184 $ 11,957 $ 31,133 $ 251,453 Commercial Real Estate Consumer (dollars in thousands) Acquisition, Non-owner Owner Commercial Guaranteed Residential 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 $ 5 $ - $ 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 quarters ended June 30, 2016 and 2015, no loans were modified in a troubled debt restructuring. The principal balance outstanding relating to the loan at June 30, 2016, was $ 381 Three Months Ended June 30, 2016 2016 (dollars in thousands) Number of loans Rate Term extension Pre-modification Post-modification Commercial real estate - $ - $ - $ - $ - Total - - $ - $ - $ - Six Months Ended June 30, 2016 2016 (dollars in thousands) Number of loans Rate Term extension Pre-modification Post-modification Commercial real estate 1 $ - $ 353 $ 353 $ 390 Total 1 - $ 353 $ 353 $ 390

Intangible Assets

Intangible Assets	6 Months Ended
	Jun. 30, 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) Balance at March 31, 2016 $ 59 Amortization (9) Balance at June 30, 2016 $ 50 (dollars in thousands) Balance at December 31, 2015 $ 68 Amortization (18) Balance at June 30, 2016 $ 50 Amortization expense is expected to be approximately $ 35 33

Fair Value Measurements

Fair Value Measurements	6 Months Ended
	Jun. 30, 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. 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 June 30, 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 June 30, 2016 (dollars in thousands) Carrying Level 1 Level 2 Level 3 Fair Value Assets: Cash and cash equivalents $ 11,792 $ 11,792 $ - $ - $ 11,792 Securities available for sale 42,910 - 42,910 - 42,910 Securities held to maturity 35,864 - 36,411 - 36,411 Restricted securities 2,393 - 2,393 - 2,393 Loans held for sale - - - - - Net loans held for investment 250,538 - - 249,654 249,654 Interest receivable 2,090 2,090 2,090 Liabilities: - Demand deposits 29,293 - 29,293 - 29,293 Savings and interest-bearing demand deposits 114,015 - 114,015 - 114,015 Time deposits 152,754 - 153,813 - 153,813 FHLB Borrowings 30,000 - 29,970 - 29,970 Interest payable 228 - 228 - 228 Fair Value Measurements at December 31, 2015 (dollars in thousands) Carrying 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 Significant Other Significant (dollars in thousands) Balance (Level 1) (Level 2) (Level 3) June 30, 2016 U. S. Government Agencies $ 1,950 $ - $ 1,950 $ - Agency Guaranteed Mortgage-backed securities 40,960 - 40,960 - 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 Significant Other Significant (dollars in thousands) Balance (Level 1) (Level 2) (Level 3) June 30, 2016 Impaired loans 34 - - 34 OREO 1,885 - - 1,885 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 June 30, 2016 or December 31, 2015. June 30, 2016 (dollars in thousands) Quantitative Information About Level 3 Fair Value Measurements Description Fair Value Valuation Technique Unobservable input Range Impaired loans $ 34 Appraisals Discount to reflect current market condition and estimated selling costs 0-15 % Other real estate owned $ 1,885 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 values Discount for lack of marketability 6-29 %

Stock-Based Compensation

Stock-Based Compensation	6 Months Ended
	Jun. 30, 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 Company’s 2005 annual meeting of shareholders, shareholders ratified approval of the Bank of Virginia 2005 Stock Option Plan (the “2005 Plan”) which made available up to 26,560 At the Company’s 2011 annual meeting of shareholders, 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. 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 44,678 $ 5.14 - 1.80 - Expired - - - - - As of 6/30/2016 Outstanding 80,008 $ 7.40 7.17 $ 2.51 $ 44,243 Vested 39,432 $ 10.69 5.91 $ 3.56 $ 7,092 Nonvested 40,576 $ 4.21 8.39 $ 1.48 $ 37,152 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. 22 54 Wgt. Avg. Outstanding Wgt. Avg. Remaining Stock Options Exercise Contractual Range of Exercise Prices Outstanding Price Life $ 3.82 $ 58.73 80,008 $ 7.40 7.17 Total 80,008 $ 7.40 7.17 Exercisable: Wgt. Avg. Stock Options Exercise Range of Exercise Prices Exercisable Price $ 3.82 $ 58.73 39,432 $ 10.69 Total 39,432 $ 10.69 Assumptions: Year Ended December 31, Expected dividend rate 0.00 % Expected volatility 30.00 % Expected term in years 7 Risk free rate 2.01 % Total intrinsic value of options exercised: $ - Total fair value of shares vested during the period: $ 28,478 Weighted-average period over which nonvested awards are expected to be recognized: 0.62 years Wgt. Avg. Grant Date As of 12/31/2015 Restricted Stock Fair Value Nonvested 107,460 $ 4.05 Period Activity Issued 27,419 $ 3.87 Vested 59,567 $ 4.04 Forfeited - - As of 6/30/2016 Nonvested 75,312 $ 3.99 Total fair value of shares vested during the period: $ 240,891 Weighted-average period over which nonvested awards are expected to be recognized: 1.33 years The fair value of restricted stock granted during the six months ended June 30, 2016 was $ 106 The remaining unrecognized compensation expense for the shares granted totaled $ 314 444 578,125 184,000 341,125 Stock Compensation Three Months Ended June 30, Six Months Ended June 30, (in thousands) 2016 2015 2016 2015 Stock options $ 43 $ 12 $ 61 $ 24 Restricted stock 38 43 188 86 Founders shares - - 718 - Total $ 81 $ 55 $ 967 $ 110 For the six months ended June 30, 2016, $ 800 967 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)	6 Months Ended
	Jun. 30, 2016
Statement of Comprehensive Income [Abstract]
Other Comprehensive Income, Noncontrolling Interest [Text Block]	Three Months Ended June 30, 2016 June 30, 2015 Unrealized Unrealized Total Unrealized Unrealized Total Beginning balance $ 78 $ (226) $ (148) $ 122 $ (274) $ (152) Unrealized holding gains (losses) on availabe for sale securities 99 - 99 (470) - (470) Amortization of unrealized losses transferred from AFS to HTM - 10 10 - 13 13 Net current period other comprehensive income 99 10 109 (470) 13 (457) Ending balance $ 177 $ (216) $ (39) $ (348) $ (261) $ (609) Six Months Ended June 30, 2016 June 30, 2015 Unrealized Unrealized Total Unrealized Unrealized Total Beginning balance $ (453) $ (237) $ (690) $ (182) $ (286) $ (468) Unrealized holding gains (losses) on available for sale securities 630 - 630 (166) - (166) Amortization of unrealized losses transferred from AFS to HTM - 21 21 - 25 25 Net current period other comprehensive income 630 21 651 (166) 25 (141) Ending balance $ 177 $ (216) $ (39) $ (348) $ (261) $ (609) Six Months Ended June 30, Affected Line Item on 2016 2015 Consolidated Statement of Operations Realized gains on sales of available for sale securities - 114 Net gain on sale of available-for-sale securities Total reclassifications $ - $ 114

Organization and Summary of S17

Organization and Summary of Significant Accounting Policies (Policies)	6 Months Ended
	Jun. 30, 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 and six months ended June 30, 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]	Summary of Significant Accounting Policies 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]	Recent Accounting Pronouncements 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) Requires 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) Requires public business entities to use the exit price notion when measuring the fair value of financial instruments for disclosure purposes. 3) Requires separate presentation of financial assets and financial liabilities by measurement category and form of financial asset (i.e., securities or loans and receivables). 4) Eliminates 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. In March 2016, the FASB issued ASU No. 2016-03, “Intangibles-Goodwill and Other (Topic 350), Business Combinations (Topic 805), Consolidation (Topic 810) and Derivatives and Hedging (Topic 815): Effective Date and Transition Guidance.” The amendments to this ASU make the guidance in ASUs 2014-02, 2014-03, 2014-07, and 2014-18 effective immediately by removing their effective dates. The amendments also include transition provisions that provide that private companies are able to forgo a preferability assessment the first time they elect the accounting alternatives within the scope of this ASU. Any subsequent change to an accounting policy election requires justification that the change is preferable under Topic 250, Accounting Changes and Error Corrections. The amendments in this ASU also extend the transition guidance in ASUs 2014-02, 2014-03, 2014-07, and 2014-18 indefinitely. While this ASU extends transition guidance for Updates 2014-07 and 2014-18, there is no intention to change how transition is applied for those two ASUs. The Company is currently assessing the impact that ASU 2016-03 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. During June 2016, the FASB issued ASU No. 2016-13, “Financial Instruments – Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments.” The amendments in this ASU, among other things, require the measurement of all expected credit losses for financial assets held at the reporting date based on historical experience, current conditions, and reasonable and supportable forecasts. Financial institutions and other organizations will now use forward-looking information to better inform their credit loss estimates. Many of the loss estimation techniques applied today will still be permitted, although the inputs to those techniques will change to reflect the full amount of expected credit losses. In addition, the ASU amends the accounting for credit losses on available-for-sale debt securities and purchased financial assets with credit deterioration. The amendments in this ASU are effective for SEC filers for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2019. For public companies that are not SEC filers, the amendments in this ASU are effective for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2020. The Company is currently assessing the impact that ASU 2016-13 will have on its consolidated financial statements.

Business Combination (Tables)

Business Combination (Tables)	6 Months Ended
	Jun. 30, 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 June 30, Six Months Ended June 30, (dollars in thousands) 2016 2015 2016 2015 Loans $ 7 $ 54 $ 18 $ 75 Premises and equipment 2 2 4 4 Core deposit intangible (9) (9) (18) (18) Building lease obligations - 248 - 272 Net impact to net income (loss) $ - $ 295 $ 4 $ 333

Earnings Per Share (Tables)

Earnings Per Share (Tables)	6 Months Ended
	Jun. 30, 2016
Earnings Per Share [Abstract]
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block]	Three months ended June 30, Six months ended June 30, (dollars in thousands) 2016 2015 2016 2015 Net income (loss) $ (73) $ 236 $ (2,388) $ 587 Weighted average common shares outstanding, basic 6,798,170 6,583,848 6,728,573 6,571,600 Dilutive effect of stock options - - - - Weighted average common shares outstanding, diluted 6,798,170 6,583,848 6,728,573 6,571,600 Basic net income (loss) per common share $ (0.01) $ 0.04 $ (0.35) $ 0.09 Diluted net income (loss) per common share $ (0.01) $ 0.04 $ (0.35) $ 0.09

Securities (Tables)

Securities (Tables)	6 Months Ended
	Jun. 30, 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 June 30, 2016 and December 31, 2015. June 30, 2016 Amortized Gross Unrealized (dollars in thousands) Cost Gains Losses Fair Value U.S. Government agencies $ 1,944 $ 12 $ (6) $ 1,950 Agency guaranteed mortgage-backed securities 40,789 222 (51) 40,960 Total $ 42,733 $ 234 $ (57) $ 42,910 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 amortized cost, gross unrealized gains and losses, and fair value of securities held to maturity at June 30, 2016 and December 31 June 30, 2016 Amortized Gross Unrealized (dollars in thousands) Cost Gains Losses Fair Value Agency guaranteed mortgage-backed securities $ 35,864 $ 579 $ (32) $ 36,411 Total $ 35,864 $ 579 $ (32) $ 36,411 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 June 30, 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: (Dollars in thousands) Amortized Fair Value Over one year within five years $ - $ - Over five years within ten years 1,944 1,950 Over ten years 40,789 40,960 Total $ 42,733 $ 42,910 The carry value and fair value of securities held to maturity as of June 30, 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: (Dollars in thousands) Amortized Fair Value Over five years within ten years $ 3,599 $ 3,815 Over ten years 32,265 32,596 Total $ 35,864 $ 36,411
Schedule of Unrealized Loss on Investments [Table Text Block]	Unrealized losses on investments at June 30, 2016 and December 31, 2015 were as follows: June 30, 2016 Less than 12 Months 12 Months or Longer Total (dollars in thousands) Fair Value Unrealized Fair Value Unrealized Fair Value Unrealized U.S. Government agencies $ - $ - $ 1,400 $ (6) $ 1,400 $ (6) Agency guaranteed mortgage-backed securities 9,993 (39) 8,038 (44) 18,031 (83) Total $ 9,993 $ (39) $ 9,438 $ (50) $ 19,431 $ (89) December 31, 2015 (dollars in thousands) Fair Value Unrealized Fair Value Unrealized Fair Value Unrealized 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)	6 Months Ended
	Jun. 30, 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 909 Loss on sale of loans (500) Transfer to loans held for investment (409) Balance at June 30 $ -

Loans, Allowance for Loan Los22

Loans, Allowance for Loan Losses and Credit Quality (Tables)	6 Months Ended
	Jun. 30, 2016
Allowance For Loan And Lease Losses Provision For Net Loss [Abstract]
Schedule of Accounts, Notes, Loans and Financing Receivable [Table Text Block]	(dollars in thousands) June 30, 2016 December 31, 2015 Commercial Real Estate: Acquisition, development and construction $ 2,202 $ 2,168 Non-owner occupied 64,417 58,044 Owner occupied 40,197 45,690 Commercial and industrial 34,926 34,819 Guaranteed student loans 49,437 53,847 Consumer: Residential mortgage 17,184 18,140 HELOC 11,957 10,603 Other 31,133 22,722 Total loans 251,453 246,033 Allowance for loan losses (915) (823) Total loans, net of allowance for loan losses $ 250,538 $ 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) June 30, 2016 December 31, 2015 Contract principal balance $ 4,310 $ 4,779 Accretable yield - (1) Carrying value of loans $ 4,310 $ 4,778
Summary Of Changes To Accretable and Non Accretable Discounts [Table Text Block]	A summary of changes to the accretable yield and nonaccretable discount during the six months ended June 30, 2016 and 2015 is as follows: 2016 2015 (dollars in thousands) Accretable Nonaccretable Accretable Nonaccretable Beginning balance $ 1 $ - $ 42 $ 5 Charge-offs related to loans covered by ASC 310-30 - - - - Transfers - - 5 (5) Accretion (1) (41) Ending balance $ - $ - $ 6 $ -
Financing Receivable Credit Quality Indicators [Table Text Block]	June 30, 2016 (dollars in thousands) Commercial Real Estate Consumer Credit quality class Acq-Dev Non-owner Owner Commercial and Guaranteed Residential HELOC Other Total 1 Highest quality $ - $ - $ - $ - $ - $ - $ - $ - $ - 2 Above average quality - 7,689 2,505 2,437 49,437 - 1,976 286 64,330 3 Satisfactory 1,328 32,974 16,150 25,893 - 11,548 6,246 30,797 124,936 4 Pass 212 22,422 19,217 6,076 - 5,438 2,785 50 56,200 5 Special mention - - - 520 - 25 360 - 905 6 Substandard 121 - 381 - - 38 232 - 772 7 Doubtful - - - - - - - - - 1,661 63,085 38,253 34,926 49,437 17,049 11,599 31,133 247,143 Loans acquired with deteriorated credit quality 541 1,332 1,944 - - 135 358 - 4,310 Total loans $ 2,202 $ 64,417 $ 40,197 $ 34,926 $ 49,437 $ 17,184 $ 11,957 $ 31,133 $ 251,453 December 31, 2015 (dollars in thousands) Commercial Real Estate Consumer Credit quality class Acq-Dev Non-owner Owner Commercial and Guaranteed Residential 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 At June 30, 2016( in thousands) Acq-Dev Non-owner Owner Commercial and Guaranteed Residential HELOC Other Total 30 - 59 days $ - $ - $ - $ - $ 1,856 $ - $ - $ - $ 1,856 60 - 89 days - - - - 2,203 - - - 2,203 > 90 days 121 - 878 - 6,199 - 64 - 7,262 Total past due 121 - 878 - 10,258 - 64 - 11,321 Current 2,081 64,417 39,319 34,926 39,179 17,184 11,893 31,133 240,132 Total loans $ 2,202 $ 64,417 $ 40,197 $ 34,926 $ 49,437 $ 17,184 $ 11,957 $ 31,133 $ 251,453 > 90 days still accruing $ - $ - $ - $ - $ 6,199 $ - $ - $ - $ 6,199 Commercial Real Estate Consumer At December 31, 2015 (in thousands) Acq-Dev Non-owner Owner Commercial and Guaranteed Residential 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: (dollars in thousands) June 30, December 31, Commercial Real Estate: Acquisition, development and construction $ 121 $ 152 Owner occupied 1,259 1,388 Commercial and industrial - 5 Consumer: Residential mortgage - - HELOC 284 289 Total non-accrual loans $ 1,664 $ 1,834 Non-accrual troubled debt restructurings included above $ 381 $ - Non-accrual purchased credit impaired loans included above $ 1,010 $ 1,370
Impaired Financing Receivables [Table Text Block]	The following information is a summary of related impaired loans, excluding loans acquired with deteriorating credit quality, presented by portfolio class as of June 30, 2016: (dollars in thousands) Recorded (1) Unpaid (2) Related Average Interest With no related allowance recorded: Commercial Real Estate: Acquisition, development and construction $ 121 $ 121 $ - $ 125 $ - Non-owner occupied - - - - - Owner occupied 381 389 - 223 - Commercial and industrial - - - - - Consumer: - Residential mortgage 38 38 - 39 1 HELOC 168 168 - 171 2 Other - - - - - $ 708 $ 716 $ - $ 558 $ 3 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 30 66 - Other - - - - - $ 64 $ 64 $ 30 $ 66 $ - Total: Commercial Real Estate: Acquisition, development and construction $ 121 $ 121 $ - $ 125 $ - Non-owner occupied - - - - - Owner occupied 381 389 - 223 - Commercial and industrial - - - - - Consumer: Residential mortgage 38 38 - 39 1 HELOC 232 232 30 237 2 Other - - - - - Total $ 772 $ 780 $ 30 $ 624 $ 3 (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. The following information is a summary of related impaired loans, excluding loans acquired with deteriorating credit quality, presented by portfolio class as of December 31, 2015: (dollars in thousands) Recorded (1) Unpaid (2) Related Average Interest 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 (dollars in thousands) Acquisition, Non-owner Owner Commercial Guaranteed Residential HELOC Other Total Allowance for loan losses Beginning balance, December 31, 2015 $ 89 $ 157 $ 82 $ 112 $ 47 $ 59 $ 61 $ 216 $ 823 Charge-offs - - - - (13) - - (71) (84) Recoveries - - - 25 - 1 3 - 29 Net (charge-offs) recoveries - - - 25 (13) 1 3 (71) (55) Provision (recovery) (53) 130 110 33 11 15 43 (142) 147 Ending balance, June 30, 2016 36 287 192 170 45 75 107 3 915 Commercial Real Estate Consumer (dollars in thousands) Acquisition, Non-owner Owner Commercial Guaranteed Residential HELOC Other Total Allowance for loan losses Beginning balance, December 31, 2014 $ 146 $ 97 $ 149 $ 357 $ 144 $ 98 $ 76 $ 22 $ 1,089 Charge-offs (127) - - (109) (106) - (20) (2) (364) Recoveries - 234 302 - 3 3 - 542 Net (charge-offs) recoveries (127) - 234 193 (106) 3 (17) (2) 178 Provision (recovery) 43 219 (295) (295) 70 (51) (1) 33 (277) Ending balance, June 30, 2015 $ 62 $ 316 $ 88 $ 255 $ 108 $ 50 $ 58 $ 53 $ 990 A summary of the ALLL by portfolio segment and impairment evaluation methodology as of June 30, 2016 and December 31, 2015 is as follows: Commercial Real Estate Consumer (dollars in thousands) Acquisition, Non-owner Owner Commercial and Guaranteed Residential HELOC Other Total Allowance for loan losses for loans Individually evaluated for impairment $ - $ - $ - $ - $ - $ - $ 30 $ - $ 30 Collectively evaluated for impairment 36 287 121 170 45 75 77 3 814 Loans acquired with deteriorated credit quality - - 71 - - - - - 71 Ending balance, June 30, 2016 $ 36 $ 287 $ 192 $ 170 $ 45 $ 75 $ 107 $ 3 $ 915 Gross loan balances Individually evaluated for impairment $ 121 $ - $ 381 $ - $ - $ 38 $ 232 $ - $ 772 Collectively evaluated for impairment 1,540 63,085 37,872 34,926 49,437 17,011 11,367 31,133 246,372 Loans acquired with deteriorated credit quality 541 1,332 1,944 - - 135 358 - 4,310 Ending balance, June 30, 2016 $ 2,202 $ 64,417 $ 40,197 $ 34,926 $ 49,437 $ 17,184 $ 11,957 $ 31,133 $ 251,453 Commercial Real Estate Consumer (dollars in thousands) Acquisition, Non-owner Owner Commercial Guaranteed Residential 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 $ 5 $ - $ 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 six months ended June 30, 2015, no loans were modified in troubled debt restructurings. During the six months ended June 30, 2016 and 2015, no defaults occurred on loans modified as TDR’s in the preceding twelve months. Three Months Ended June 30, 2016 2016 (dollars in thousands) Number of loans Rate Term extension Pre-modification Post-modification Commercial real estate - $ - $ - $ - $ - Total - - $ - $ - $ - Six Months Ended June 30, 2016 2016 (dollars in thousands) Number of loans Rate Term extension Pre-modification Post-modification Commercial real estate 1 $ - $ 353 $ 353 $ 390 Total 1 - $ 353 $ 353 $ 390

Intangible Assets (Tables)

Intangible Assets (Tables)	6 Months Ended
	Jun. 30, 2016
Goodwill and Intangible Assets Disclosure [Abstract]
Schedule of Finite-Lived Intangible Assets [Table Text Block]	A summary of the three and six months ending June 30, 2016 activity in this account is as follows: (dollars in thousands) Balance at March 31, 2016 $ 59 Amortization (9) Balance at June 30, 2016 $ 50 (dollars in thousands) Balance at December 31, 2015 $ 68 Amortization (18) Balance at June 30, 2016 $ 50

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	6 Months Ended
	Jun. 30, 2016
Fair Value Disclosures [Abstract]
Schedule of Carrying Values and Estimated Fair Values of Debt Instruments [Table Text Block]	The carrying value and fair values of financial assets and liabilities are as follows: Fair Value Measurements at June 30, 2016 (dollars in thousands) Carrying Level 1 Level 2 Level 3 Fair Value Assets: Cash and cash equivalents $ 11,792 $ 11,792 $ - $ - $ 11,792 Securities available for sale 42,910 - 42,910 - 42,910 Securities held to maturity 35,864 - 36,411 - 36,411 Restricted securities 2,393 - 2,393 - 2,393 Loans held for sale - - - - - Net loans held for investment 250,538 - - 249,654 249,654 Interest receivable 2,090 2,090 2,090 Liabilities: - Demand deposits 29,293 - 29,293 - 29,293 Savings and interest-bearing demand deposits 114,015 - 114,015 - 114,015 Time deposits 152,754 - 153,813 - 153,813 FHLB Borrowings 30,000 - 29,970 - 29,970 Interest payable 228 - 228 - 228 Fair Value Measurements at December 31, 2015 (dollars in thousands) Carrying 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: Quoted Prices Significant Other Significant (dollars in thousands) Balance (Level 1) (Level 2) (Level 3) June 30, 2016 U. S. Government Agencies $ 1,950 $ - $ 1,950 $ - Agency Guaranteed Mortgage-backed securities 40,960 - 40,960 - 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 Significant Other Significant (dollars in thousands) Balance (Level 1) (Level 2) (Level 3) June 30, 2016 Impaired loans 34 - - 34 OREO 1,885 - - 1,885 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 June 30, 2016 and December 31, 2015: June 30, 2016 (dollars in thousands) Quantitative Information About Level 3 Fair Value Measurements Description Fair Value Valuation Technique Unobservable input Range Impaired loans $ 34 Appraisals Discount to reflect current market condition and estimated selling costs 0-15 % Other real estate owned $ 1,885 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 values Discount for lack of marketability 6-29 %

Stock-Based Compensation (Table

Stock-Based Compensation (Tables)	6 Months Ended
	Jun. 30, 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 June 30, 2016 and changes during the period then ended are presented in the following table: 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 44,678 $ 5.14 - 1.80 - Expired - - - - - As of 6/30/2016 Outstanding 80,008 $ 7.40 7.17 $ 2.51 $ 44,243 Vested 39,432 $ 10.69 5.91 $ 3.56 $ 7,092 Nonvested 40,576 $ 4.21 8.39 $ 1.48 $ 37,152
Schedule of Share-based Compensation, Shares Authorized under Stock Option Plans, by Exercise Price Range [Table Text Block]	The remaining unrecognized compensation expense for the options granted totaled $ 22 54 Wgt. Avg. Outstanding Wgt. Avg. Remaining Stock Options Exercise Contractual Range of Exercise Prices Outstanding Price Life $ 3.82 $ 58.73 80,008 $ 7.40 7.17 Total 80,008 $ 7.40 7.17 Exercisable: Wgt. Avg. Stock Options Exercise Range of Exercise Prices Exercisable Price $ 3.82 $ 58.73 39,432 $ 10.69 Total 39,432 $ 10.69
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 follwing assumptions. No options granted in 2016. Year Ended December 31, Expected dividend rate 0.00 % Expected volatility 30.00 % Expected term in years 7 Risk free rate 2.01 % Total intrinsic value of options exercised: $ - Total fair value of shares vested during the period: $ 28,478 Weighted-average period over which nonvested awards are expected to be recognized: 0.62 years
Schedule of Nonvested Restricted Stock Units Activity [Table Text Block]	A summary of the Company’s restricted stock activity as of June 30, 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 27,419 $ 3.87 Vested 59,567 $ 4.04 Forfeited - - As of 6/30/2016 Nonvested 75,312 $ 3.99 Total fair value of shares vested during the period: $ 240,891 Weighted-average period over which nonvested awards are expected to be recognized: 1.33 years
Schedule of Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Table Text Block]	Stock-based compensation expense for the second quarter of 2016 and the second quarter of 2015 was as follows: Stock Compensation Three Months Ended June 30, Six Months Ended June 30, (in thousands) 2016 2015 2016 2015 Stock options $ 43 $ 12 $ 61 $ 24 Restricted stock 38 43 188 86 Founders shares - - 718 - Total $ 81 $ 55 $ 967 $ 110

Accumulated other Comprehensi26

Accumulated other Comprehensive Income (Loss) (Tables)	6 Months Ended
	Jun. 30, 2016
Statement of Comprehensive Income [Abstract]
Comprehensive Income (Loss) [Table Text Block]	The changes in accumulated other comprehensive income (loss) for the three and six months ended June 30, 2016 and 2015 are summarized as follows: Three Months Ended June 30, 2016 June 30, 2015 Unrealized Unrealized Total Unrealized Unrealized Total Beginning balance $ 78 $ (226) $ (148) $ 122 $ (274) $ (152) Unrealized holding gains (losses) on availabe for sale securities 99 - 99 (470) - (470) Amortization of unrealized losses transferred from AFS to HTM - 10 10 - 13 13 Net current period other comprehensive income 99 10 109 (470) 13 (457) Ending balance $ 177 $ (216) $ (39) $ (348) $ (261) $ (609) Six Months Ended June 30, 2016 June 30, 2015 Unrealized Unrealized Total Unrealized Unrealized Total Beginning balance $ (453) $ (237) $ (690) $ (182) $ (286) $ (468) Unrealized holding gains (losses) on available for sale securities 630 - 630 (166) - (166) Amortization of unrealized losses transferred from AFS to HTM - 21 21 - 25 25 Net current period other comprehensive income 630 21 651 (166) 25 (141) Ending balance $ 177 $ (216) $ (39) $ (348) $ (261) $ (609)
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: Six Months Ended June 30, Affected Line Item on 2016 2015 Consolidated Statement of Operations Realized gains on sales of available for sale securities - 114 Net gain on sale of available-for-sale securities Total reclassifications $ - $ 114

Organization and Summary of S27

Organization and Summary of Significant Accounting Policies (Details Textual) - USD ($)	Apr. 10, 2014	Jun. 25, 2014	May 20, 2016	Mar. 29, 2013	Aug. 28, 2012	Dec. 10, 2010
Percentage Of Capital Investments	100.00%
Definitive Merger Agreement [Member]
Business Acquisition, Share Price			$ 5.15
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 Cordia’s common stock at a conversion price of $4.25 per share

Business Combination (Details)

Business Combination (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015
Net impact to net income (loss)	$ 0	$ 295	$ 4	$ 333
Loans [Member]
Net impact to net income (loss)	7	54	18	75
Premises and equipment [Member]
Net impact to net income (loss)	2	2	4	4
Core Deposit Intangible [Member]
Net impact to net income (loss)	(9)	(9)	(18)	(18)
Building Lease Obligations [Member]
Net impact to net income (loss)	$ 0	$ 248	$ 0	$ 272

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		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015
Net income (loss)	$ (73)	$ 236	$ (2,388)	$ 587
Weighted average common shares outstanding, basic	6,798,170	6,583,848	6,728,573	6,571,600
Dilutive effect of stock options	0	0	0	0
Weighted average common shares outstanding, diluted	6,798,170	6,583,848	6,728,573	6,571,600
Basic net income (loss) per common share	$ (0.01)	$ 0.04	$ (0.35)	$ 0.09
Diluted net income (loss) per common share	$ (0.01)	$ 0.04	$ (0.35)	$ 0.09

Earnings Per Share (Details Tex

Earnings Per Share (Details Textual) - shares	3 Months Ended		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016		Jun. 30, 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
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Rights, Percentage	100.00%		100.00%	[1]
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	80,000	109,000	80,000		109,000
[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.

Securities (Details)

Securities (Details) - USD ($) $ in Thousands	Jun. 30, 2016	Dec. 31, 2015
Schedule of Available-for-sale Securities [Line Items]
Amortized Cost	$ 42,733	$ 46,673
Gross Unrealized Gains	234	8
Gross Unrealized Losses	(57)	(461)
Fair Value	42,910	46,220
U.S. Government Agencies [Member]
Schedule of Available-for-sale Securities [Line Items]
Amortized Cost	1,944	2,144
Gross Unrealized Gains	12	5
Gross Unrealized Losses	(6)	(10)
Fair Value	1,950	2,139
Agency Guaranteed Mortgage- Backed Securities [Member]
Schedule of Available-for-sale Securities [Line Items]
Amortized Cost	40,789	44,529
Gross Unrealized Gains	222	3
Gross Unrealized Losses	(51)	(451)
Fair Value	$ 40,960	$ 44,081

Securities (Details 1)

Securities (Details 1) - USD ($) $ in Thousands	Jun. 30, 2016	Dec. 31, 2015
Amortized Cost	$ 35,864	$ 25,500
Gross Unrealized Gains	579	230
Gross Unrealized Losses	(32)	(36)
Fair Value	36,411	25,694
Agency Guaranteed Mortgage- Backed Securities [Member]
Amortized Cost	35,864	25,500
Gross Unrealized Gains	579	230
Gross Unrealized Losses	(32)	(36)
Fair Value	$ 36,411	$ 25,694

Securities (Details 2)

Securities (Details 2) - USD ($) $ in Thousands	Jun. 30, 2016	Dec. 31, 2015
Available For Sale Securities, Amortized Cost
Over one year within five years	$ 0
Over five years within ten years	1,944
Over ten years	40,789
Total	42,733
Available For Sale Securities, Fair Value
Over one year within five years	0
Over five years within ten years	1,950
Over ten years	40,960
Total	42,910	$ 46,220
Held-to-maturity Securities, Amortized Cost
Over five years within ten years	3,599
Over ten years	32,265
Total	35,864	25,500
Held-to-maturity Securities, Fair Value
Over five years within ten years	3,815
Over ten years	32,596
Total	$ 36,411	$ 25,694

Securities (Details 3)

Securities (Details 3) - USD ($) $ in Thousands	Jun. 30, 2016	Dec. 31, 2015
Schedule of Held-to-maturity Securities [Line Items]
Unrealized Losses on Securities Less than 12 Months Fair Value	$ 9,993	$ 43,021
Unrealized Losses on Securities Less than 12 Months Unrealized Losses	(39)	(429)
Unrealized Losses on Securities 12 Months or longer Fair Value	9,438	4,836
Unrealized Losses on Securities 12 Months or longer Unrealized Losses	(50)	(68)
Total Fair Value	19,431	47,857
Total Unrealized Losses	(89)	(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	1,400	1,521
Unrealized Losses on Securities 12 Months or longer Unrealized Losses	(6)	(10)
Total Fair Value	1,400	1,521
Total Unrealized Losses	(6)	(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	9,993	43,021
Unrealized Losses on Securities Less than 12 Months Unrealized Losses	(39)	(429)
Unrealized Losses on Securities 12 Months or longer Fair Value	8,038	3,315
Unrealized Losses on Securities 12 Months or longer Unrealized Losses	(44)	(58)
Total Fair Value	18,031	46,336
Total Unrealized Losses	$ (83)	$ (487)

Securities (Details Textual)

Securities (Details Textual) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2016	Dec. 31, 2015
Pledged Financial Instruments, Not Separately Reported, Mortgage-Related Securities Available-for-sale or Held-for-investment	$ 12,900	$ 13,800
Available-for-sale Securities, Gross Realized Gains	114
Held-to-maturity Securities	35,864	25,500
Marketable Securities, Current, Total	78,800	71,700
Available-for-sale Securities	42,910	46,220
Proceeds from Sale of Available-for-sale Securities, Debt	13,100
Federal Home Loan Bank Advances	21,500	16,800
Available-for-sale Securities, Continuous Unrealized Loss Position, Accumulated Loss, Total	$ 89	$ 497

Loans Held for Sale (Details)

Loans Held for Sale (Details) $ in Thousands	6 Months Ended
	Jun. 30, 2016USD ($)
Loans Held for Sale [Line Items]
Beginning balance	$ 823
Ending balance	915
Student Loan [Member]
Loans Held for Sale [Line Items]
Beginning balance	0
Additions	909
Loss on sale of loans	(500)
Transfer to loans held for investment	(409)
Ending balance	$ 0

Loans Held for Sale (Details Te

Loans Held for Sale (Details Textual) - USD ($) $ in Thousands	3 Months Ended	6 Months Ended
	Mar. 31, 2016	Jun. 30, 2016	Jun. 30, 2015	Dec. 31, 2015
Loans Held for Sale [Line Items]
Transfer of Portfolio Loans and Leases to Held-for-sale		$ 29,751	$ 0
Transfer of loans from held for sale to held for investment		(30,274)	$ 0
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
Provision for Loan Losses Expensed		$ 409
Residential Mortgage [Member]
Loans Held for Sale [Line Items]
Loans Receivable Held-for-sale, Net, Not Part of Disposal Group, Mortgage				$ 220

Loans, Allowance for Loan Los39

Loans, Allowance for Loan Losses and Credit Quality (Details) - USD ($) $ in Thousands	Jun. 30, 2016	Dec. 31, 2015	Jun. 30, 2015	Dec. 31, 2014
Total loans	$ 251,453	$ 246,033
Allowance for loan losses	(915)	(823)	$ (990)	$ (1,089)
Total loans, net of allowance for loan losses	250,538	245,210
Commercial and Industrial [Member]
Total loans	34,926	34,819
Allowance for loan losses	(170)	(112)	(255)	(357)
Guaranteed Student Loans [Member]
Total loans	49,437	53,847
Allowance for loan losses	(45)	(47)	(108)	(144)
Acquisition, Development, and Construction [Member] | Commercial real estate [Member]
Total loans	2,202	2,168
Allowance for loan losses	(36)	(89)	(62)	(146)
Non-Owner Occupied [Member] | Commercial real estate [Member]
Total loans	64,417	58,044
Allowance for loan losses	(287)	(157)	(316)	(97)
Owner Occupied [Member] | Commercial real estate [Member]
Total loans	40,197	45,690
Allowance for loan losses	(192)	(82)	(88)	(149)
Residential Mortgage [Member] | Consumer [Member]
Total loans	17,184	18,140
Allowance for loan losses	(75)	(59)	(50)	(98)
Home Equity Lines of Credit [Member] | Consumer [Member]
Total loans	11,957	10,603
Allowance for loan losses	(107)	(61)	(58)	(76)
Other [Member] | Consumer [Member]
Total loans	31,133	22,722
Allowance for loan losses	$ (3)	$ (216)	$ (53)	$ (22)

Loans, Allowance for Loan Los40

Loans, Allowance for Loan Losses and Credit Quality (Details 1) - USD ($) $ in Thousands	Jun. 30, 2016	Dec. 31, 2015
Contract principal balance	$ 4,310	$ 4,779
Accretable yield	0	(1)
Carrying value of loans	$ 4,310	$ 4,778

Loans, Allowance for Loan Los41

Loans, Allowance for Loan Losses and Credit Quality (Details 2) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2016	Jun. 30, 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	5
Accretable Yield Accretion	(1)	(41)
Accretable Yield Ending balance	0	6
Nonaccretable Discount Beginning balance	0	5
Nonaccretable Discount Charge-offs related to loans covered by ASC 310-30	0	0
Nonaccretable Discount Transfers	0	(5)
Nonaccretable Discount Ending balance	$ 0	$ 0

Loans, Allowance for Loan Los42

Loans, Allowance for Loan Losses and Credit Quality (Details 3) - USD ($) $ in Thousands	Jun. 30, 2016	Dec. 31, 2015
Loans acquired with credit quality	$ 247,143	$ 241,255
Loans acquired with deteriorated credit quality	4,310	4,778
Total loans	251,453	246,033
Highest Quality [Member]
Loans acquired with credit quality	0	0
Above Average Quality [Member]
Loans acquired with credit quality	64,330	68,239
Satisfactory [Member]
Loans acquired with credit quality	124,936	115,140
Pass [Member]
Loans acquired with credit quality	56,200	54,935
Special Mention [Member]
Loans acquired with credit quality	905	2,353
Substandard [Member]
Loans acquired with credit quality	772	588
Doubtful [Member]
Loans acquired with credit quality	0	0
Commercial Real Estate [Member] | Acquisition, Development, and Construction [Member]
Loans acquired with credit quality	1,661	1,613
Loans acquired with deteriorated credit quality	541	555
Total loans	2,202	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	1,328	989
Commercial Real Estate [Member] | Acquisition, Development, and Construction [Member] | Pass [Member]
Loans acquired with credit quality	212	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	63,085	56,667
Loans acquired with deteriorated credit quality	1,332	1,377
Total loans	64,417	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	7,689	7,772
Commercial Real Estate [Member] | Non-Owner Occupied [Member] | Satisfactory [Member]
Loans acquired with credit quality	32,974	27,397
Commercial Real Estate [Member] | Non-Owner Occupied [Member] | Pass [Member]
Loans acquired with credit quality	22,422	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	38,253	43,341
Loans acquired with deteriorated credit quality	1,944	2,349
Total loans	40,197	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	2,505	3,285
Commercial Real Estate [Member] | Owner Occupied [Member] | Satisfactory [Member]
Loans acquired with credit quality	16,150	20,355
Commercial Real Estate [Member] | Owner Occupied [Member] | Pass [Member]
Loans acquired with credit quality	19,217	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	381	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	34,926	34,819
Loans acquired with deteriorated credit quality	0	0
Total loans	34,926	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	2,437	1,876
Commercial and Industrial [Member] | Satisfactory [Member]
Loans acquired with credit quality	25,893	26,289
Commercial and Industrial [Member] | Pass [Member]
Loans acquired with credit quality	6,076	6,102
Commercial and Industrial [Member] | Special Mention [Member]
Loans acquired with credit quality	520	547
Commercial and Industrial [Member] | Substandard [Member]
Loans acquired with credit quality	0	5
Commercial and Industrial [Member] | Doubtful [Member]
Loans acquired with credit quality	0	0
Guaranteed Student Loans [Member]
Loans acquired with credit quality	49,437	53,847
Loans acquired with deteriorated credit quality	0	0
Total loans	49,437	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	49,437	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	17,049	18,003
Loans acquired with deteriorated credit quality	135	137
Total loans	17,184	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	11,548	11,959
Consumer [Member] | Residential Mortgage [Member] | Pass [Member]
Loans acquired with credit quality	5,438	5,976
Consumer [Member] | Residential Mortgage [Member] | Special Mention [Member]
Loans acquired with credit quality	25	27
Consumer [Member] | Residential Mortgage [Member] | Substandard [Member]
Loans acquired with credit quality	38	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	11,599	10,243
Loans acquired with deteriorated credit quality	358	360
Total loans	11,957	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	1,976	1,063
Consumer [Member] | Home Equity Lines of Credit [Member] | Satisfactory [Member]
Loans acquired with credit quality	6,246	5,893
Consumer [Member] | Home Equity Lines of Credit [Member] | Pass [Member]
Loans acquired with credit quality	2,785	2,779
Consumer [Member] | Home Equity Lines of Credit [Member] | Special Mention [Member]
Loans acquired with credit quality	360	269
Consumer [Member] | Home Equity Lines of Credit [Member] | Substandard [Member]
Loans acquired with credit quality	232	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	31,133	22,722
Loans acquired with deteriorated credit quality	0	0
Total loans	31,133	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	286	396
Consumer [Member] | Other [Member] | Satisfactory [Member]
Loans acquired with credit quality	30,797	22,258
Consumer [Member] | Other [Member] | Pass [Member]
Loans acquired with credit quality	50	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	Jun. 30, 2016	Dec. 31, 2015
Total past due	$ 11,321	$ 16,849
Current	240,132	229,184
Total loans	251,453	246,033
> 90 days and still accruing	6,199	9,645
Financing Receivables, 30 to 59 Days Past Due [Member]
Total past due	1,856	3,251
Financing Receivables, 60 to 89 Days Past Due [Member]
Total past due	2,203	2,413
Financing Receivables, Equal to Greater than 90 Days Past Due [Member]
Total past due	7,262	11,185
Commercial Real Estate [Member] | Acquisition, Development, and Construction [Member]
Total past due	121	152
Current	2,081	2,016
Total loans	2,202	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	64,417	58,044
Total loans	64,417	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	878	1,388
Current	39,319	44,302
Total loans	40,197	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	878	1,388
Commercial and Industrial [Member]
Total past due	0	0
Current	34,926	34,819
Total loans	34,926	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	10,258	15,236
Current	39,179	38,611
Total loans	49,437	53,847
> 90 days and still accruing	6,199	9,645
Guaranteed Student Loans [Member] | Financing Receivables, 30 to 59 Days Past Due [Member]
Total past due	1,856	3,178
Guaranteed Student Loans [Member] | Financing Receivables, 60 to 89 Days Past Due [Member]
Total past due	2,203	2,413
Guaranteed Student Loans [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member]
Total past due	6,199	9,645
Consumer [Member] | Residential Mortgage [Member]
Total past due	0	0
Current	17,184	18,140
Total loans	17,184	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	11,893	10,603
Total loans	11,957	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	0	0
Consumer [Member] | Home Equity Lines of Credit [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member]
Total past due	64	0
Consumer [Member] | Other Credit Derivatives [Member]
Total past due	0	73
Current	31,133	22,649
Total loans	31,133	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	Jun. 30, 2016	Dec. 31, 2015
Total non-accrual loans	$ 1,664	$ 1,834
Non-accrual troubled debt restructurings included above [Member]
Total non-accrual loans	381	0
Non-accrual purchased credit impaired loans included above [Member]
Total non-accrual loans	1,010	1,370
Commercial Real Estate [Member] | Acquisition, Development, and Construction [Member]
Total non-accrual loans	121	152
Commercial Real Estate [Member] | Owner Occupied [Member]
Total non-accrual loans	1,259	1,388
Commercial and Industrial [Member]
Total non-accrual loans	0	5
Consumer [Member] | Residential Mortgage [Member]
Total non-accrual loans	0	0
Consumer [Member] | Home Equity Lines of Credit [Member]
Total non-accrual loans	$ 284	$ 289

Loans, Allowance for Loan Los45

Loans, Allowance for Loan Losses and Credit Quality (Details 6) - USD ($) $ in Thousands		6 Months Ended	12 Months Ended
		Jun. 30, 2016	Dec. 31, 2015
With no related allowance recorded Recorded Investment	[1]	$ 708	$ 524
With no related allowance recorded Unpaid Principal	[2]	716	525
With no related allowance recorded Related Allowance		0	0
With no related allowance recorded Average Recorded Investment		558	586
With no related allowance recorded Interest Recorded		3	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		30	16
With an allowance recorded Average Recorded Investment		66	66
With an allowance recorded Interest Recorded		0	0
Recorded Investment	[1]	772	588
Unpaid Principal	[2]	780	589
Related Allowance		30	16
Average Recorded Investment		624	652
Interest Recorded		3	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		125	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		125	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]	381	151
With no related allowance recorded Unpaid Principal	[2]	389	152
With no related allowance recorded Related Allowance		0	0
With no related allowance recorded Average Recorded Investment		223	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]	381	151
Unpaid Principal	[2]	389	152
Related Allowance		0	0
Average Recorded Investment		223	156
Interest Recorded		0	0
Commercial and Industrial [Member]
With no related allowance recorded Recorded Investment	[1]	0	5
With no related allowance recorded Unpaid Principal	[2]	0	5
With no related allowance recorded Related Allowance		0	0
With no related allowance recorded Average Recorded Investment		0	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]	0	5
Unpaid Principal	[2]	0	5
Related Allowance		0	0
Average Recorded Investment		0	13
Interest Recorded		0	0
Consumer [Member] | Residential Mortgage [Member]
With no related allowance recorded Recorded Investment	[1]	38	41
With no related allowance recorded Unpaid Principal	[2]	38	41
With no related allowance recorded Related Allowance		0	0
With no related allowance recorded Average Recorded Investment		39	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]	38	41
Unpaid Principal	[2]	38	41
Related Allowance		0	0
Average Recorded Investment		39	44
Interest Recorded		1	3
Consumer [Member] | Home Equity Lines of Credit [Member]
With no related allowance recorded Recorded Investment	[1]	168	175
With no related allowance recorded Unpaid Principal	[2]	168	175
With no related allowance recorded Related Allowance		0	0
With no related allowance recorded Average Recorded Investment		171	185
With no related allowance recorded Interest Recorded		2	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		30	16
With an allowance recorded Average Recorded Investment		66	66
With an allowance recorded Interest Recorded		0	0
Recorded Investment	[1]	232	239
Unpaid Principal	[2]	232	239
Related Allowance		30	16
Average Recorded Investment		237	251
Interest Recorded		2	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
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	6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Dec. 31, 2015
Beginning balance	$ 823	$ 1,089
Charge-offs	(84)	(364)
Recoveries	29	542
Net (charge-offs) recoveries	(55)	178
Provision (recovery)	147	(277)
Ending balance	915	990
Allowance for loan losses for loans
Individually evaluated for impairment			$ 30	$ 16
Collectively evaluated for impairment			814	807
Ending balance	915	1,089	915	823
Gross loan balances
Individually evaluated for impairment			772	588
Collectively evaluated for impairment			246,372	240,667
Loans acquired with deteriorated credit quality			251,453	246,033
Ending balance			251,453	246,033
Receivables Acquired with Deteriorated Credit Quality [Member]
Allowance for loan losses for loans
Loans acquired with deteriorated credit quality			71	0
Gross loan balances
Loans acquired with deteriorated credit quality			4,310	4,778
Commercial Real Estate [Member] | Acquisition, Development, and Construction [Member]
Beginning balance	89	146
Charge-offs	0	(127)
Recoveries	0	0
Net (charge-offs) recoveries	0	(127)
Provision (recovery)	(53)	43
Ending balance	36	62
Allowance for loan losses for loans
Individually evaluated for impairment			0	0
Collectively evaluated for impairment			36	89
Ending balance	36	146	36	89
Gross loan balances
Individually evaluated for impairment			121	152
Collectively evaluated for impairment			1,540	1,461
Loans acquired with deteriorated credit quality			2,202	2,168
Ending balance			2,202	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			541	555
Commercial Real Estate [Member] | Non-Owner Occupied [Member]
Beginning balance	157	97
Charge-offs	0	0
Recoveries	0	0
Net (charge-offs) recoveries	0	0
Provision (recovery)	130	219
Ending balance	287	316
Allowance for loan losses for loans
Individually evaluated for impairment			0	0
Collectively evaluated for impairment			287	157
Ending balance	287	97	287	157
Gross loan balances
Individually evaluated for impairment			0	0
Collectively evaluated for impairment			63,085	56,667
Loans acquired with deteriorated credit quality			64,417	58,044
Ending balance			64,417	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			1,332	1,377
Commercial Real Estate [Member] | Owner Occupied [Member]
Beginning balance	82	149
Charge-offs	0	0
Recoveries	0	234
Net (charge-offs) recoveries	0	234
Provision (recovery)	110	(295)
Ending balance	192	88
Allowance for loan losses for loans
Individually evaluated for impairment			0	0
Collectively evaluated for impairment			121	82
Ending balance	192	149	192	82
Gross loan balances
Individually evaluated for impairment			381	151
Collectively evaluated for impairment			37,872	43,190
Loans acquired with deteriorated credit quality			40,197	45,690
Ending balance			40,197	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			71	0
Gross loan balances
Loans acquired with deteriorated credit quality			1,944	2,349
Commercial and Industrial [Member]
Beginning balance	112	357
Charge-offs	0	(109)
Recoveries	25	302
Net (charge-offs) recoveries	25	193
Provision (recovery)	33	(295)
Ending balance	170	255
Allowance for loan losses for loans
Individually evaluated for impairment			0	0
Collectively evaluated for impairment			170	112
Ending balance	170	357	170	112
Gross loan balances
Individually evaluated for impairment			0	5
Collectively evaluated for impairment			34,926	34,814
Loans acquired with deteriorated credit quality			34,926	34,819
Ending balance			34,926	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	(13)	(106)
Recoveries	0	0
Net (charge-offs) recoveries	(13)	(106)
Provision (recovery)	11	70
Ending balance	45	108
Allowance for loan losses for loans
Individually evaluated for impairment			0	0
Collectively evaluated for impairment			45	47
Ending balance	45	144	45	47
Gross loan balances
Individually evaluated for impairment			0	0
Collectively evaluated for impairment			49,437	53,847
Loans acquired with deteriorated credit quality			49,437	53,847
Ending balance			49,437	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	3
Net (charge-offs) recoveries	1	3
Provision (recovery)	15	(51)
Ending balance	75	50
Allowance for loan losses for loans
Individually evaluated for impairment			0	0
Collectively evaluated for impairment			75	59
Ending balance	75	98	75	59
Gross loan balances
Individually evaluated for impairment			38	41
Collectively evaluated for impairment			17,011	17,962
Loans acquired with deteriorated credit quality			17,184	18,140
Ending balance			17,184	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			135	137
Consumer [Member] | Home Equity Lines of Credit [Member]
Beginning balance	61	76
Charge-offs	0	(20)
Recoveries	3	3
Net (charge-offs) recoveries	3	(17)
Provision (recovery)	43	(1)
Ending balance	107	58
Allowance for loan losses for loans
Individually evaluated for impairment			30	16
Collectively evaluated for impairment			77	45
Ending balance	107	76	107	61
Gross loan balances
Individually evaluated for impairment			232	239
Collectively evaluated for impairment			11,367	10,004
Loans acquired with deteriorated credit quality			11,957	10,603
Ending balance			11,957	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			358	360
Consumer [Member] | Other Credit Derivatives [Member]
Beginning balance	216	22
Charge-offs	(71)	(2)
Recoveries	0	0
Net (charge-offs) recoveries	(71)	(2)
Provision (recovery)	(142)	33
Ending balance	3	53
Allowance for loan losses for loans
Individually evaluated for impairment			0	0
Collectively evaluated for impairment			3	216
Ending balance	$ 3	$ 22	3	216
Gross loan balances
Individually evaluated for impairment			0	0
Collectively evaluated for impairment			31,133	22,722
Loans acquired with deteriorated credit quality			31,133	22,722
Ending balance			31,133	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	6 Months Ended
	Jun. 30, 2016USD ($)	Jun. 30, 2016USD ($)
Gross loan balances
Number of loans	0	1
Rate modification	$ 0	$ 0
Term extension	0	353
Pre-modification recorded investment	0	353
Post-modification recorded investment	$ 0	$ 390
Commercial Real Estate Portfolio Segment [Member]
Gross loan balances
Number of loans	0	1
Rate modification	$ 0	$ 0
Term extension	0	353
Pre-modification recorded investment	0	353
Post-modification recorded investment	$ 0	$ 390

Loans, Allowance for Loan Los48

Loans, Allowance for Loan Losses and Credit Quality (Details Textual) - USD ($) $ in Thousands	6 Months Ended	12 Months Ended
	Jun. 30, 2016	Dec. 31, 2015
Financing Receivable, Modifications, Recorded Investment	$ 381
Percentage Of Principal And Interest On Guaranteed Student Loans	98.00%
Deferred Loan Costs, Net	$ 1,900	$ 1,700
Purchased Performing Loans	$ 4,900	6,900
Percentage Of Principal And Interest Non Guaranteed Student Loans	2.00%
Loans and Leases Receivable, Net Amount, Total	$ 250,538	245,210
Other Credit Derivatives [Member] | Student Loan [Member]
Loans and Leases Receivable, Net Amount, Total	30,300	21,900
Guaranteed Student Loans [Member]
Loan Premiums	$ 775	$ 827

Intangible Assets (Details)

Intangible Assets (Details) - USD ($) $ in Thousands	3 Months Ended	6 Months Ended
	Jun. 30, 2016	Jun. 30, 2016
Beginning Balance	$ 59	$ 68
Amortization	(9)	(18)
Ending Balance	$ 50	$ 50

Intangible Assets (Details Text

Intangible Assets (Details Textual) $ in Thousands	6 Months Ended
	Jun. 30, 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	Jun. 30, 2016	Dec. 31, 2015	Jun. 30, 2015	Dec. 31, 2014
Assets:
Cash and cash equivalents	$ 11,792	$ 18,460	$ 19,364	$ 21,840
Securities available for sale	42,910	46,220
Securities held to maturity	35,864	25,500
Interest receivable	2,090	2,085
Liabilities:
Demand deposits	29,293	28,969
Savings and interest-bearing demand deposits	114,015	107,057
Time deposits	152,754	154,018
FHLB Borrowings	30,000	30,000
Fair Value, Inputs, Level 1 [Member]
Assets:
Cash and cash equivalents	11,792	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	42,910	46,220
Securities held to maturity	36,411	25,694
Restricted securities	2,393	2,355
Loans held for sale	0	220
Net Loans held for investment	0	0
Interest receivable	2,090	2,085
Liabilities:
Demand deposits	29,293	28,969
Savings and interest-bearing demand deposits	114,015	107,057
Time deposits	153,813	154,027
FHLB Borrowings	29,970	29,878
Interest payable	228	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	249,654	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	11,792	18,460
Securities available for sale	42,910	46,220
Securities held to maturity	36,411	25,694
Restricted securities	2,393	2,355
Loans held for sale	0	220
Net Loans held for investment	249,654	244,776
Interest receivable	2,090	2,085
Liabilities:
Demand deposits	29,293	28,969
Savings and interest-bearing demand deposits	114,015	107,057
Time deposits	153,813	154,027
FHLB Borrowings	29,970	29,878
Interest payable	228	197
Carrying Amount [Member]
Assets:
Cash and cash equivalents	11,792	18,460
Securities available for sale	42,910	46,220
Securities held to maturity	35,864	25,500
Restricted securities	2,393	2,355
Loans held for sale	0	220
Net Loans held for investment	250,538	245,210
Interest receivable	2,090	2,085
Liabilities:
Demand deposits	29,293	28,969
Savings and interest-bearing demand deposits	114,015	107,057
Time deposits	152,754	154,018
FHLB Borrowings	30,000	30,000
Interest payable	$ 228	$ 197

Fair Value Measurements (Deta52

Fair Value Measurements (Details 1) - USD ($) $ in Thousands	Jun. 30, 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	$ 1,950	$ 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	1,950	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	40,960	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	40,960	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		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
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		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

Fair Value Measurements (Deta53

Fair Value Measurements (Details 2) - USD ($) $ in Thousands	Jun. 30, 2016	Dec. 31, 2015
Fair Value Measurements [Line Items]
Impaired loans	$ 34	$ 48
Other real estate owned	1,885	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	34	48
Other real estate owned	$ 1,885	$ 1,870

Fair Value Measurements (Deta54

Fair Value Measurements (Details 3) - USD ($) $ in Thousands	6 Months Ended	12 Months Ended
	Jun. 30, 2016	Dec. 31, 2015
Other Real Estate Owned [Member]
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Fair Value	$ 1,885	$ 1,870
Valuation Technique	Discounted appraised value	Discounted appraised values
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	$ 34	$ 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	15.00%	10.00%

Stock-Based Compensation (Detai

Stock-Based Compensation (Details) - USD ($) $ / shares in Units, $ in Thousands	6 Months Ended	12 Months Ended
	Jun. 30, 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	44,678
Stock Options, Expired	0
Stock Options Outstanding, Ending Balance	80,008
Stock Options Vested, Ending Balance	39,432
Stock Options Nonvested, Ending Balance	40,576
Weighted Average Exercise Price Outstanding, Beginning balance		$ 6.59
Weighted Average Exercise Price Vested, Beginning balance		8.71
Weighted Average Exercise Price Nonvested, Beginning balance		$ 4.39
Weighted Average Exercise Price, Issued	$ 0
Weighted Average Exercise Price, Exercised	0
Weighted Average Exercise Price, Forfeited	5.14
Weighted Average Exercise Price, Expired	0
Weighted Average Exercise Price Outstanding, Ending Balance	7.4
Weighted Average Exercise Price Vested, Ending Balance	10.69
Weighted Average Exercise Price Nonvested, Ending balance	$ 4.21
Weighted Average Remaining Contractual Life, Outstanding	7 years 2 months 1 day	0 years
Weighted Average Remaining Contractual Life, Vested	5 years 10 months 28 days	0 years
Weighted Average Remaining Contractual Life, Nonvested	8 years 4 months 20 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	1.8
Weighted Average Grant Date Fair Value, Expired	0
Weighted Average Grant Date Fair Value Outstanding, Ending Balance	2.51
Weighted Average Grant Date Fair Value Vested, Ending Balance	3.56
Weighted Average Grant Date Fair Value Nonvested, Ending Balance	$ 1.48
Aggregate Intrinsic Value Outstanding, Beginning balance		$ 0
Aggregate Intrinsic Value Vested, Beginning balance		0
Aggregate Intrinsic Value Nonvested, Beginning 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	44,243
Aggregate Intrinsic Value Vested, Ending balance	7,092
Aggregate Intrinsic Value Nonvested, Ending balance	$ 37,152

Stock-Based Compensation (Det56

Stock-Based Compensation (Details 1) - $ / shares	6 Months Ended	12 Months Ended
	Jun. 30, 2016	Dec. 31, 2015	Dec. 31, 2014
Stock Options Outstanding	80,008		124,686
Wgt. Avg Exerciese Price Outstanding	$ 7.4		$ 6.59
Wgt. Avg. Remaining Contractual Life	7 years 2 months 1 day	0 years
Employee Stock Option [Member]
Stock Options Outstanding	80,008
Wgt. Avg Exerciese Price Outstanding	$ 7.4
Wgt. Avg. Remaining Contractual Life	7 years 2 months 1 day
Stock Options Exercisable	39,432
Wgt. Avg Exerciese Price Exercisable	$ 10.69
Exercise Price Range One [Member] | Employee Stock Option [Member]
Stock Options Outstanding	80,008
Wgt. Avg Exerciese Price Outstanding	$ 7.40
Wgt. Avg. Remaining Contractual Life	7 years 2 months 1 day
Range of Exercise Prices, Minimum	$ 3.82
Range of Exercise Prices, Maximum	$ 58.73
Exercise Price Range Two [Member] | Employee Stock Option [Member]
Stock Options Exercisable	39,432
Wgt. Avg Exerciese Price Exercisable	$ 10.69
Range of Exercise Prices, Minimum	3.82
Range of Exercise Prices, Maximum	$ 58.73

Stock-Based Compensation (Det57

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

Stock-Based Compensation (Det58

Stock-Based Compensation (Details 3) $ in Thousands	6 Months Ended
	Jun. 30, 2016USD ($)
Total intrinsic value of options exercised:	$ 0
Total fair value of shares vested during the period:	$ 28,478
Weighted-average period over which nonvested awards are expected to be recognized:	7 months 13 days

Stock-Based Compensation (Det59

Stock-Based Compensation (Details 4) - Restricted Stock [Member]	6 Months Ended
	Jun. 30, 2016$ / sharesshares
Nonvested, Number, Beginning Balance | shares	107,460
Issued | shares	27,419
Vested | shares	59,567
Forfeited | shares	0
Nonvested, Number, Ending Balance | shares	75,312
Nonvested, Number,Weighted Average Price Beginning Balance | $ / shares	$ 4.05
Issued | $ / shares	3.87
Vested | $ / shares	4.04
Forfeited | $ / shares	0
Nonvested, Number,Weighted Average Price Ending Balance | $ / shares	$ 3.99

Stock-Based Compensation (Det60

Stock-Based Compensation (Details 5) $ in Thousands	6 Months Ended
	Jun. 30, 2016USD ($)
Total fair value of shares vested during the period:	$ 28,478
Restricted Stock [Member]
Total fair value of shares vested during the period:	$ 240,891
Weighted-average period over which nonvested awards are expected to be recognized:	1 year 3 months 29 days

Stock-Based Compensation (Det61

Stock-Based Compensation (Details 6) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015
Share-based Compensation Arrangement by Share-based Payment Award, Compensation Cost [Line Items]
Allocated Share-based Compensation Expense	$ 81	$ 55	$ 967	$ 110
Employee Stock Option [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Compensation Cost [Line Items]
Allocated Share-based Compensation Expense	43	12	61	24
Restricted Stock Options [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Compensation Cost [Line Items]
Allocated Share-based Compensation Expense	38	43	188	86
Founders Shares [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Compensation Cost [Line Items]
Allocated Share-based Compensation Expense	$ 0	$ 0	$ 718	$ 0

Stock-Based Compensation (Det62

Stock-Based Compensation (Details Textual) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016		Jun. 30, 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	$ 22	$ 54	$ 22		$ 54
Employee Service Share-based Compensation, Nonvested Awards, Compensation Not yet Recognized, Share-based Awards Other than Options	314	444	314		444
Allocated Share-based Compensation Expense	$ 81	$ 55	$ 967		$ 110
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Rights, Percentage	100.00%		100.00%	[1]
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			27,419
Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period Grant Date Fair Value			$ 106
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Vested in Period			59,567
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number	75,312		75,312			107,460
Restricted Stock [Member] | Mr. Zoeller [Member]
Allocated Share-based Compensation Expense			$ 967
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		26,560
2011 Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Available for Grant	565,346		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	341,125		341,125
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
[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.

Accumulated other Comprehensi63

Accumulated other Comprehensive Income (Loss) (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning balance	$ (148)	$ (152)	$ (690)	$ (468)
Unrealized holding gains (losses) on availabe for sale securities	99	(470)	630	(166)
Amortization of unrealized losses transferred from AFS to HTM	10	13	21	25
Net current period other comprehensive income	109	(457)	651	(141)
Ending balance	(39)	(609)	(39)	(609)
Unrealized Gain (Loss) on Available-for-Sale Securities [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning balance	78	122	(453)	(182)
Unrealized holding gains (losses) on availabe for sale securities	99	(470)	630	(166)
Amortization of unrealized losses transferred from AFS to HTM	0	0	0	0
Net current period other comprehensive income	99	(470)	630	(166)
Ending balance	177	(348)	177	(348)
Unrealized losses transferred Held-to-Maturity Securities [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning balance	(226)	(274)	(237)	(286)
Unrealized holding gains (losses) on availabe for sale securities	0	0	0	0
Amortization of unrealized losses transferred from AFS to HTM	10	13	21	25
Net current period other comprehensive income	10	13	21	25
Ending balance	$ (216)	$ (261)	$ (216)	$ (261)

Accumulated other Comprehensi64

Accumulated other Comprehensive Income (Loss) (Details 1) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015
Accumulated Other Comprehensive Income (Loss) [Line Items]
Realized gains on sales of available for sale securities	$ 0	$ 0	$ 0	$ 114
Total reclassifications			0	114
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