Virginia National Bankshares (VABK) 10-Q 12 Nov 15 2015 Q3 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	9 Months Ended
	Sep. 30, 2015	Nov. 10, 2015
Document and Entity Information [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Sep. 30, 2015
Entity Registrant Name	Virginia National Bankshares Corp
Entity Central Index Key	1,572,334
Current Fiscal Year End Date	--12-31
Document Fiscal Year Focus	2,015
Document Fiscal Period Focus	Q3
Entity Filer Category	Smaller Reporting Company
Entity Common Stock, Shares Outstanding		2,435,874

CONSOLIDATED BALANCE SHEETS

CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Sep. 30, 2015	Dec. 31, 2014
ASSETS
Cash and due from banks	$ 12,152	$ 12,834
Federal funds sold	5,312	41,273
Securities:
Available for sale, at fair value	115,460	141,816
Restricted securities, at cost	1,586	1,565
Total securities	117,046	143,381
Loans	390,098	313,254
Allowance for loan losses	(3,513)	(3,164)
Loans, net	386,585	310,090
Premises and equipment, net	8,875	9,465
Other real estate owned, net of valuation allowance	540	1,177
Bank owned life insurance	13,364	13,034
Accrued interest receivable and other assets	4,899	5,799
Total assets	548,773	537,053
Demand deposits:
Noninterest-bearing	174,605	152,107
Interest-bearing	79,248	93,208
Money market deposit accounts	104,960	94,310
Certificates of deposit and other time deposits	112,832	117,094
Total deposits	471,645	456,719
Securities sold under agreements to repurchase	19,436	17,995
Accrued interest payable and other liabilities	1,290	1,707
Total liabilities	$ 492,371	$ 476,421
Shareholders' equity:
Preferred stock, $2.50 par value, 2,000,000 shares authorized, no shares outstanding
Common stock, $2.50 par value, 10,000,000 shares authorized; 2,435,874 and 2,688,336 issued and outstanding at September 30, 2015 and December 31, 2014, respectively	$ 6,090	$ 6,721
Capital surplus	22,757	27,889
Retained earnings	27,310	25,978
Accumulated other comprehensive income	245	44
Total shareholders' equity	56,402	60,632
Total liabilities and shareholders' equity	$ 548,773	$ 537,053

CONSOLIDATED BALANCE SHEETS (Pa

CONSOLIDATED BALANCE SHEETS (Parenthetical) - $ / shares	Sep. 30, 2015	Dec. 31, 2014
CONSOLIDATED BALANCE SHEETS [Abstract]
Preferred stock, par value per share	$ 2.50	$ 2.50
Preferred stock, shares authorized	2,000,000	2,000,000
Preferred stock, shares outstanding	0	0
Common stock, par value per share	$ 2.50	$ 2.50
Common stock, shares authorized	10,000,000	10,000,000
Common stock, shares issued	2,435,874	2,688,336
Common stock, shares outstanding	2,435,874	2,688,336

CONSOLIDATED STATEMENTS OF INCO

CONSOLIDATED STATEMENTS OF INCOME - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Interest and dividend income:
Loans, including fees	$ 3,832	$ 3,100	$ 10,623	$ 9,396
Federal funds sold	13	23	42	64
Investment securities:
Taxable	452	545	1,584	1,595
Tax exempt	108	118	333	358
Dividends	21	20	62	62
Other	4	6	17	12
Total interest and dividend income	4,430	3,812	12,661	11,487
Demand and savings deposits	68	53	183	152
Certificates and other time deposits	174	173	512	511
Federal funds purchased and securities sold under agreements to repurchase	12	9	37	27
Total interest expense	254	235	732	690
Net interest income	4,176	$ 3,577	11,929	10,797
Interest expense:
Provision for (recovery of) loan losses	88		405	(118)
Net interest income after provision for (recovery of) loan losses	4,088	$ 3,577	11,524	10,915
Noninterest income:
Trust income	410	444	1,304	1,404
Customer service fees	247	217	714	656
Debit/credit card and ATM fees	207	186	606	543
Earnings on bank owned life insurance	112	$ 112	330	328
Gains on sales of securities	23		69	16
Royalty income	48	$ 42	129	80
Fees on mortgage sales	56	10	150	19
Other	119	144	359	336
Total noninterest income	1,222	1,155	3,661	3,382
Noninterest expense:
Salaries and employee benefits	2,162	2,357	6,693	6,949
Net occupancy	483	495	1,462	1,478
Equipment	138	126	404	393
Other	1,361	1,278	3,878	3,875
Total noninterest expense	4,144	4,256	12,437	12,695
Income before income taxes	1,166	476	2,748	1,602
Provision for income taxes	327	94	727	269
Net income	$ 839	$ 382	$ 2,021	$ 1,333
Earnings per common share, basic	$ 0.34	$ 0.14	$ 0.79	$ 0.49
Earnings per common share, diluted	$ 0.34	$ 0.14	$ 0.79	$ 0.49

CONSOLIDATED STATEMENTS OF COMP

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME [Abstract]
Net income	$ 839	$ 382	$ 2,021	$ 1,333
Other comprehensive income (loss)
Unrealized gain on securities, net of tax of $322 and $126 for the three and nine months ended September 30, 2015; and net of tax of $28 and $604 for the three and nine months ended September 30, 2014	626	$ 52	247	1,171
Reclassification adjustment for realized gains on sales of securities, net of tax of ($8) and ($23) for the three and nine months ended September 30, 2015; and net of tax of $0 and ($5) for the three and nine months ended September 30, 2014	(15)		(46)	(11)
Total other comprehensive income	611	$ 52	201	1,160
Total comprehensive income	$ 1,450	$ 434	$ 2,222	$ 2,493

CONSOLIDATED STATEMENTS OF COM6

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (Parenthetical) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME [Abstract]
Change in unrealized losses on available-for-sale securities, tax	$ 322	$ 28	$ 126	$ 604
Reclassification adjustment, tax	$ (8)	$ 0	$ (23)	$ (5)

CONSOLIDATED STATEMENTS OF CHAN

CONSOLIDATED STATEMENTS OF CHANGES IN SHAREHOLDERS' EQUITY - USD ($) $ in Thousands	Total	Common Stock [Member]	Capital Surplus [Member]	Retained Earnings [Member]	Accumulated Other Comprehensive Income (Loss) [Member]
Balance at Dec. 31, 2013	$ 57,956	$ 6,725	$ 27,915	$ 24,747	$ (1,431)
Stock options exercised	189	$ 24	165
Stock option/grant expense	41		$ 41
Cash dividend ($0.20 and $0.275 per share for the nine months ended September 30, 2015 and 2014 respectively)	(538)			$ (538)
Net income	1,333			$ 1,333
Other comprehensive income (loss)	1,160				$ 1,160
Balance at Sep. 30, 2014	60,141	$ 6,749	$ 28,121	$ 25,542	(271)
Balance at Dec. 31, 2014	60,632	6,721	27,889	$ 25,978	$ 44
Stock options exercised	23	3	20
Stock purchased under stock repurchase plan	(5,808)	$ (634)	(5,174)
Stock option/grant expense	22		$ 22
Cash dividend ($0.20 and $0.275 per share for the nine months ended September 30, 2015 and 2014 respectively)	(689)			$ (689)
Net income	2,021			$ 2,021
Other comprehensive income (loss)	201				$ 201
Balance at Sep. 30, 2015	$ 56,402	$ 6,090	$ 22,757	$ 27,310	$ 245

CONSOLIDATED STATEMENTS OF CHA8

CONSOLIDATED STATEMENTS OF CHANGES IN SHAREHOLDERS' EQUITY (Parenthetical) - $ / shares	9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014
CONSOLIDATED STATEMENTS OF CHANGES IN SHAREHOLDERS' EQUITY [Abstract]
Cash dividend, per share	$ 0.275	$ 0.20

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014
CASH FLOWS FROM OPERATING ACTIVITIES:
Net income	$ 2,021	$ 1,333
Adjustments to reconcile net income to net cash provided by operating activities:
Provision for (recovery of) loan losses	405	(118)
Net amortization and accretion of securities	571	547
Net gains on sales of securities	$ (69)	(16)
Net gains on sales of assets		(44)
Earnings on bank owned life insurance	$ (330)	(328)
Depreciation and amortization	876	860
Stock option/stock grant expense	22	41
Writedown of other real estate owned	$ 192	64
Losses on sales of other real estate owned		13
Decrease in accrued interest receivable and other assets	$ 797	11,223
Decrease in accrued interest payable and other liabilities	(417)	(7,043)
Net cash provided by operating activities	4,068	6,532
CASH FLOWS FROM INVESTING ACTIVITIES:
Purchases of available for sale securities	(26,770)	(34,444)
Net (increase) decrease in restricted investments	(21)	144
Proceeds from maturities, calls and principal payments of available for sale securities	35,436	19,582
Proceeds from sales of available for sale securities	17,492	6,490
Net (increase) decrease in organic loans	(57,164)	$ 10,021
Net increase in purchased loans	(19,736)
Proceeds from sale of other real estate owned	$ 445	$ 1,032
Proceeds from sale of bank premises and equipment		11
Purchase of bank premises and equipment	$ (286)	(549)
Net cash (used in) provided by investing activities	(50,604)	2,287
CASH FLOWS FROM FINANCING ACTIVITIES:
Net increase in demand deposits, NOW accounts, and money market accounts	19,188	6,140
Net decrease in certificates of deposit and other time deposits	(4,262)	(4,070)
Net increase (decrease) in securities sold under agreements to repurchase	1,441	$ (2,195)
Common stock repurchased	(5,808)
Proceeds from stock options exercised	23	$ 189
Cash dividends	(689)	(538)
Net cash provided by (used in) financing activities	9,893	(474)
NET (DECREASE) INCREASE IN CASH AND CASH EQUIVALENTS	(36,643)	8,345
CASH AND CASH EQUIVALENTS:
Beginning of period	54,107	40,072
End of period	17,464	48,417
SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION
Cash payments for interest	738	702
Cash payments for taxes	904	2,438
SUPPLEMENTAL SCHEDULE OF NONCASH INVESTING AND FINANCING ACTIVITIES
Unrealized gain on available for sale securities	$ 304	1,759
Transfer of loans to other real estate owned		$ 244

Significant Accounting Policies

Significant Accounting Policies	9 Months Ended
	Sep. 30, 2015
Significant Accounting Policies [Abstract]
Significant Accounting Policies	Note 1. Significant Accounting Policies Basis of Presentation The consolidated financial statements include the accounts of Virginia National Bankshares Corporation (the “Company”), its subsidiary Virginia National Bank (the “Bank”), and the Bank's subsidiary, VNBTrust, National Association which offers services under the name VNB Wealth Management (“VNBTrust” or “VNB Wealth”). All significant intercompany balances and transactions have been eliminated in consolidation. The unaudited consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America (“GAAP”) for interim financial information. Accordingly, the unaudited consolidated financial statements do not include all of the information and footnotes required by GAAP for complete financial statements. In the opinion of management, all adjustments (consisting of normal recurring items) considered necessary for a fair presentation have been included. The preparation of financial statements in conformity with GAAP and the reporting guidelines prescribed by regulatory authorities requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. Material estimates that are particularly susceptible to significant change in the near term relate to the determination of the allowance for loan losses, deferred tax assets and other real estate owned. Operating results for the three-month and nine-month periods ended September 30, 2015 are not necessarily indicative of the results that may be expected for the year ending December 31, 2015. The statements should be read in conjunction with the Notes to Consolidated Financial Statements included in the Company's Form 10-K for the year ended December 31, 2014. If needed, certain previously reported amounts have been reclassified to conform to current period presentation. No such reclassifications were significant. Recent Accounting Pronouncements In June 2014, the FASB issued ASU No. 2014-11, “Transfers and Servicing (Topic 860): Repurchase-to-Maturity Transactions, Repurchase Financings, and Disclosures.” This ASU aligns the accounting for repurchase-to-maturity transactions and repurchase agreements executed as a repurchase financing with the accounting for other typical repurchase agreements. The new guidance eliminates sale accounting for repurchase-to-maturity transactions and supersedes the guidance under which a transfer of a financial asset and a contemporaneous repurchase financing could be accounted for on a combined basis as a forward agreement. The amendments in the ASU also require a new disclosure for transactions economically similar to repurchase agreements in which the transferor retains substantially all of the exposure to the economic return on the transferred financial assets throughout the term of the transaction. Additional disclosures will be required for the nature of collateral pledged in repurchase agreements and similar transactions accounted for as secured borrowings. The amendments in this ASU are effective for the first interim or annual period beginning after December 15, 2014; however, the disclosure for transactions accounted for as secured borrowings is required to be presented for annual periods beginning after December 15, 2014, and interim periods beginning after March 15, 2015. The adoption of the new guidance did not have a material impact on the Company's consolidated financial statements. In June 2014, the FASB issued ASU No. 2014-12, “Compensation – Stock Compensation (Topic 718): Accounting for Share-Based Payments When the Terms of an Award Provide That a Performance Target Could Be Achieved after the Requisite Service Period.” The new guidance applies to reporting entities that grant employees share-based payments in which the terms of the award allow a performance target to be achieved after the requisite service period. The amendments in the ASU require that a performance target that affects vesting and that could be achieved after the requisite service period be treated as a performance condition. Existing guidance in “Compensation – Stock Compensation (Topic 718)” should be applied to account for these types of awards. The amendments in this ASU are effective for annual periods and interim periods within those annual periods beginning after December 15, 2015. Early adoption is permitted and reporting entities may choose to apply the amendments in the ASU either on a prospective or retrospective basis. The Company is currently assessing the impact that ASU 2014-12 will have on its consolidated financial statements. 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 any impact on its consolidated financial statements. In January 2015, the FASB issued ASU No. 2015-01, “Income Statement—Extraordinary and Unusual Items (Subtopic 225-20): Simplifying Income Statement Presentation by Eliminating the Concept of Extraordinary Items.” The amendments in this ASU eliminate from U.S. GAAP the concept of extraordinary items. Subtopic 225-20, Income Statement - Extraordinary and Unusual Items, required that an entity separately classify, present, and disclose extraordinary events and transactions. Presently, an event or transaction is presumed to be an ordinary and usual activity of the reporting entity unless evidence clearly supports its classification as an extraordinary item. If an event or transaction meets the criteria for extraordinary classification, an entity is required to segregate the extraordinary item from the results of ordinary operations and show the item separately in the income statement, net of tax, after income from continuing operations. The entity also is required to disclose applicable income taxes and either present or disclose earnings-per-share data applicable to the extraordinary item. The amendments in this ASU are effective for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2015. Early adoption is permitted provided that the guidance is applied from the beginning of the fiscal year of adoption. The Company does not expect the adoption of ASU 2015-01 to have a material impact on its consolidated financial statements. In May 2015, the FASB issued ASU No. 2015-08, “Business Combinations (Topic 805): Pushdown Accounting – Amendments to SEC Paragraphs Pursuant to Staff Accounting Bulletin No. 115.” The amendments in ASU 2015-08 amend various SEC paragraphs pursuant to the issuance of Staff Accounting Bulletin No. 115, Topic 5: Miscellaneous Accounting, regarding various pushdown accounting issues, and did not have a material impact on the Company's consolidated financial statements. In August 2015, the FASB issued ASU No. 2015-14, “Revenue from Contracts with Customers (Topic 606): Deferral of Effective Date.” The amendments in ASU 2015-14 defer the effective date of ASU 2014-09, "Revenue from Contracts with Customers (Topic 606)," for all entities by one year. Public business entities, certain not-for-profit entities, and certain employee benefit plans should apply the guidance in ASU 2014-09 to annual reporting periods beginning after December 15, 2017, including interim reporting periods within that reporting period. Earlier application is permitted only as of annual reporting periods beginning after December 15, 2016, including interim reporting periods within that reporting period. All other entities should apply the guidance in ASU 2014-09 to annual reporting periods beginning after December 15, 2018, and interim reporting periods within annual reporting periods beginning after December 15, 2019. All other entities may apply the guidance in ASU 2014-09 earlier as of an annual reporting period beginning after December 15, 2016, including interim reporting periods within that reporting period. All other entities also may apply the guidance in ASU 2014-09 earlier as of an annual reporting period beginning after December 15, 2016, and interim reporting periods within annual reporting periods beginning one year after the annual reporting period in which the entity first applies the guidance in ASU 2014-09. The Company does not expect the adoption of ASU 2015-14 (or ASU 2014-09) to have a material impact on its consolidated financial statements. In September 2015, the FASB issued ASU 2015-16, “Business Combinations (Topic 805): Simplifying the Accounting for Measurement-Period Adjustments.” The amendments in ASU 2015-16 require that an acquirer recognize adjustments to estimated amounts that are identified during the measurement period in the reporting period in which the adjustment amounts are determined. The amendments require that the acquirer record, in the same period's financial statements, the effect on earnings of changes in depreciation, amortization, or other income effects, if any, as a result of the change to the estimated amounts, calculated as if the accounting had been completed at the acquisition date. The amendments also require an entity to present separately on the face of the income statement or disclose in the notes the portion of the amount recorded in current-period earnings by line item that would have been recorded in previous reporting periods if the adjustment to the estimated amounts had been recognized as of the acquisition date. The amendments in this ASU are effective for public business entities for fiscal years beginning after December 15, 2015, including interim periods within those fiscal years. For all other entities, the amendments are effective for fiscal years beginning after December 15, 2016, and interim periods within fiscal years beginning after December 15, 2017. The amendments should be applied prospectively to adjustments to provisional amounts that occur after the effective date with earlier application permitted for financial statements that have not been issued. The Company does not expect the adoption of ASU 2015-16 to have a material impact on its consolidated financial statements.

Securities

Securities	9 Months Ended
	Sep. 30, 2015
Securities [Abstract]
Securities	Note 2. Securities The amortized cost and fair values of securities available for sale as of September 30, 2015 and December 31, 2014 were as follows (dollars in thousands): September 30, 2015 Amortized Gross Unrealized Gross Unrealized Fair Cost Gains Losses Value U.S. Government agencies $ 19,715 $ 238 $ (11) $ 19,942 Corporate bonds 11,152 11 (24 ) 11,139 Asset-backed securities 2,119 - (21 ) 2,098 Mortgage-backed securities/CMOs 59,437 364 (215 ) 59,586 Municipal bonds 22,666 176 (147 ) 22,695 $ 115,089 $ 789 $ (418 ) $ 115,460 December 31, 2014 Amortized Gross Unrealized Gross Unrealized Fair Cost Gains Losses Value U.S. Government agencies $ 31,189 $ 395 $ (56 ) $ 31,528 Corporate bonds 21,373 21 (118 ) 21,276 Asset-backed securities 2,133 - (28 ) 2,105 Mortgage-backed securities/CMOs Mortgage-backed securities/CMOs 63,327 297 (404 ) 63,220 Municipal bonds 23,727 157 (197 ) 23,687 $ 141,749 $ 870 $ (803 ) $ 141,816 Securities having carrying values of $ 34.023 23.799 were similarly pledged. For the nine months ended September 30, 2015, proceeds from the sales and calls of securities amounted to $ 34.892 69 6.490 16 Restricted securities are securities with limited marketability and consist of stock in the Federal Reserve Bank of Richmond (“FRB”), the Federal Home Loan Bank of Atlanta (“FHLB”), and CBB Financial Corporation (“CBBFC”), the holding company for Community Bankers Bank, totaling $ 1.586 1.565 The following table summarizes all securities with unrealized losses, segregated by length of time in a continuous unrealized loss position, at September 30, 2015 and December 31, 2014 (dollars in thousands): September 30, 2015 Less than 12 Months 12 Months or more Total Unrealized Unrealized Unrealized Fair Value Losses Fair Value Losses Fair Value Losses U.S. Government agencies $ - $ - $ 989 $ (11 ) $ 989 $ (11) Corporate bonds 6,028 (24 ) - - 6,028 (24 ) Asset-backed securities 1,143 (18 ) 955 (3 ) 2,098 (21 ) Mortgage-backed/CMOs 13,101 (43 ) 12,071 (172 ) 25,172 (215 ) Municipal bonds 5,956 (80 ) 1,906 (67 ) 7,862 (147 ) $ 26,228 $ (165 ) $ 15,921 $ (253 ) $ 42,149 $ (418 ) December 31, 2014 Less than 12 Months 12 Months or more Total Unrealized Unrealized Unrealized Fair Value Losses Fair Value Losses Fair Value Losses U.S. Government agencies $ 6,375 $ (21 ) $ 966 $ (35 ) $ 7,341 $ (56 ) Corporate bonds 13,213 (102 ) 3,032 (16 ) 16,245 (118 ) Asset-backed securities 98 - 2,007 (28 ) 2,105 (28 ) Mortgage-backed/CMOs 6,276 (35 ) 25,081 (369 ) 31,357 (404 ) Municipal bonds 1,769 (19 ) 10,330 (178 ) 12,099 (197 ) $ 27,731 $ (177 ) $ 41,416 $ (626 ) $ 69,147 $ (803 ) As of September 30, 2015, there were $ 42.149 418 The Company's securities portfolio is primarily made up of fixed rate bonds, whose prices move inversely with interest rates. Any unrealized losses are largely due to increases in market interest rates over the yields available at the time the underlying securities were purchased. The fair value is expected to recover as the bonds approach their maturity date or repricing date or if market yields for such investments decline. At the end of any accounting period, the portfolio may have both unrealized gains and losses. Management does not believe any of the securities in an unrealized loss position are impaired due to credit quality. Accordingly, as of September 30, 2015, management believes the impairments detailed in the table above are temporary, and no impairment loss has been realized in the Company's consolidated income statement. An “other-than-temporary impairment” (“OTTI”) is considered to exist if any of the following conditions are met: it is more likely than not that the Company will be required to sell the security before recovery of its amortized cost basis, or the Company does not expect to recover the security's entire amortized cost basis (even if the Company does not intend to sell). In the event that a security would suffer impairment for a reason that was “other than temporary,” the Company would be expected to write down the security's value to its new fair value, and the amount of the write down would be included in earnings as a realized loss. As of September 30, 2015, management has concluded that none of its investment securities have an OTTI based upon the information available at this time. Additionally, management has the ability to hold any security with an unrealized loss until maturity or until such time as the value of the security has recovered from its unrealized loss position.

Loans

Loans	9 Months Ended
	Sep. 30, 2015
Loans [Abstract]
Loans	Note 3. Loans The composition of the loan portfolio by loan classification at September 30, 2015 and December 31, 2014 appears below (dollars in thousands). September 30, December 31, 2015 2014 Commercial Commercial and industrial - organic $ 48,041 $ 46,125 Commercial and industrial - syndicated 24,027 14,815 Total commercial and industrial 72,068 60,940 Real estate construction and land Residential construction 1,025 337 Other construction and land 18,108 11,575 Total construction and land 19,133 11,912 Real estate mortgages 1-4 family residential 63,066 60,162 Home equity lines of credit 28,713 25,498 Multifamily 21,170 26,462 Commercial owner occupied 58,678 60,868 Commercial non-owner occupied 90,277 54,012 Total real estate mortgage 261,904 227,002 Consumer Consumer revolving credit 16,161 3,428 Consumer all other credit 10,308 9,972 Student loans purchased 10,524 - Total consumer 36,993 13,400 Total loans 390,098 313,254 Less: Allowance for loan losses (3,513 ) (3,164 ) Net loans $ 386,585 $ 310,090 Accounting guidance requires certain disclosures about investments in impaired loans, the allowance for loan losses and interest income recognized on impaired loans. A loan is considered impaired when it is probable that the Company will be unable to collect all principal and interest amounts when due according to the contractual terms of the loan agreement. Factors involved in determining impairment include, but are not limited to, expected future cash flows, financial condition of the borrower, and current economic conditions. Generally, loans are placed on non-accrual when a loan is specifically determined to be impaired or when principal or interest is delinquent for 90 days or more. Any unpaid interest previously accrued on those loans is reversed from income. Interest income generally is not recognized on specific impaired loans unless the likelihood of further loss is remote. Interest payments received on such loans are applied as a reduction of the loan principal balance. Interest income on other non-accrual loans is recognized only to the extent of interest payments received. Troubled Debt Restructurings (“TDRs”) are considered impaired loans. TDRs occur when the Company agrees to modify the original terms of a loan by granting a concession that it would not otherwise consider due to the deterioration in the financial condition of the borrower. These concessions are done in an attempt to improve the paying capacity of the borrower, and in some cases to avoid foreclosure, and are made with the intent to restore the loan to a performing status once sufficient payment history can be demonstrated. These concessions could include reductions in the interest rate, payment extensions, forgiveness of principal, forbearance or other actions. Following is a breakdown by class of the loans classified as impaired loans as of September 30, 2015 and December 31, 2014. These loans are reported at their recorded investment, which is the carrying amount of the loan as reflected on the Company's balance sheet, net of charge-offs and other amounts applied to reduce the net book balance. Average recorded investment in impaired loans is computed using an average of month-end balances for these loans for either the nine months ended September 30, 2015 or the twelve months ended December 31, 2014. Interest income recognized is for the nine months ended September 30, 2015 or the twelve months ended December 31, 2014. (Dollars below reported in thousands.) September 30, 2015 Unpaid Average Interest Recorded Principal Associated Recorded Income Investment Balance Allowance Investment Recognized Impaired loans without a valuation allowance: Commercial and industrial - organic $ 47 $ 65 $ - $ 5 $ - Other construction and land 62 105 - 65 - 1-4 family residential mortgages 504 528 - 747 19 Commercial non-owner occupied real estate 1,072 1,072 - 1,086 35 Impaired loans with a valuation allowance - - - - - Total impaired loans $ 1,685 $ 1,770 $ - $ 1,903 $ 54 December 31, 2014 Unpaid Average Interest Recorded Principal Associated Recorded Income Investment Balance Allowance Investment Recognized Impaired loans without a valuation allowance: Other construction and land $ 69 $ 109 $ - $ 79 $ 1 1-4 family residential mortgages 525 545 - 437 16 Home equity lines of credits - - - 50 3 Commercial owner occupied real estate 1,103 1,103 - 1,124 60 Commercial non-owner occupied real estate - - - 46 - Impaired loans with a valuation allowance - - - - - Total impaired loans $ 1,697 $ 1,757 $ - $ 1,736 $ 80 Non-accrual loans are shown below by class (dollars in thousands): September 30, 2015 December 31, 2014 Commercial and industrial - organic $ 47 $ - Other construction and land 62 69 1-4 family residential mortgages 136 149 Total nonaccrual loans $ 245 $ 218 The following provides a summary, by class, of TDRs that continue to accrue interest under the terms of the restructuring agreement, which are considered to be performing, and TDRs that have been placed in non-accrual status, which are considered to be nonperforming (dollars in thousands). Troubled debt restructuring (TDRs) September 30, 2015 December 31, 2014 No. of Recorded No. of Recorded Loans Investment Loans Investment Performing TDRs 1-4 family residential mortgages 2 $ 368 2 $ 376 Commercial non-owner occupied real estate 1 1,072 1 1,103 Total performing TDRs 3 $ 1,440 3 $ 1,479 Nonperforming TDRs Other construction and land 1 $ 36 1 $ 39 Total TDRs 4 $ 1,476 4 $ 1,518 None of the TDRs reported above were modified under the terms of a TDR during the nine months ended September 30, 2015 and 2014. Loans modified as TDRs that were fully paid down, charged-off, or foreclosed upon by period end are not reportable. Additionally, there were no loans modified as TDRs that subsequently defaulted during the nine months ended September 30, 2015 and 2014 that were modified as TDRs during the twelve months prior to default. There were no loans secured by 1-4 family residential property that were in the process of foreclosure at either September 30, 2015 or December 31, 2014. The one property that had previously been transferred to Other Real Estate Owned consisted of a 1-4 family residential property and was reported net of valuation allowance at $ 540 1.177 445 192

Allowance for Loan Losses

Allowance for Loan Losses	9 Months Ended
	Sep. 30, 2015
Allowance for Loan Losses [Abstract]
Allowance for Loan Losses	Note 4. Allowance for Loan Losses The allowance for loan losses is maintained at a level which, in management's judgment, is adequate to absorb probable credit losses inherent in the loan portfolio. The amount of the allowance is based on management's quarterly evaluation of the collectability of the loan portfolio, credit concentrations, trends in historical loss experience, specific impaired loans, and economic conditions. To determine the total allowance for loan losses, the Company estimates the reserves needed for each segment of the portfolio, including loans analyzed individually and loans analyzed on a pooled basis. Allowances for impaired loans are generally determined based on collateral values or the present value of estimated cash flows. Management has an established methodology to determine the adequacy of the allowance for loan losses that assesses the risks and losses inherent in the loan portfolio. For purposes of determining the allowance for loan losses, the Company has segmented certain loans in the portfolio by product type. Within these segments, the Company has sub-segmented its portfolio by classes within the segments, based on the associated risks within these classes. Loan Classes by Segments Commercial loan segment: Commercial and industrial - organic Commercial and industrial - syndicated Real estate construction and land loan segment: Residential construction Other construction and land Real estate mortgage loan segment: 1-4 family residential Home equity lines of credit Multifamily Commercial owner occupied Commercial non-owner occupied Consumer loan segment: Consumer revolving credit Consumer all other credit Student loans purchased Based on the internal risk ratings assigned to each credit, a historical loss factor is assigned to the balances for each class of loans, using a cumulative historical loss rate for the most recent twelve quarters. The Company's internal creditworthiness grading system is based on experiences with similarly graded loans. Higher risk-rated credits are reviewed quarterly by experienced senior lenders based on each borrower's situation. Additionally, internal monitoring and review of credits is conducted on an annual basis and a percentage of the loan portfolio is reviewed by an external loan review group. Loans that trend upward on the risk ratings scale, toward more positive risk ratings, generally exhibit lower risk factor characteristics. Conversely, loans that migrate toward more negative ratings generally will result in a higher risk factor being applied to those related loan balances. Risk Ratings And Historical Loss Factor Applied Excellent 0% applied, as these loans are secured by cash and represent a minimal risk. The Company has never experienced a loss within this category. Good 0% applied, as these loans represent a low risk and are either secured by marketable securities within margin, or in the case of the student loans purchased, are fully insured by a surety bond purchased by the Company. The Company has never experienced a loss within this category. Pass Historical loss factor for loans rated “pass” is applied to current balances of like-rated loans, pooled by class. Loans with the following risk ratings are pooled by class and considered together as “pass”: Satisfactory - modest risk loans where the borrower has strong and liquid financial statements and more than adequate cash flow Average – average risk loans where the borrower has reasonable debt service capacity Marginal – acceptable risk loans where the borrower has acceptable financial statements but is leveraged Watch – acceptable risk loans which require more attention than normal servicing Special Mention These potential problem loans are currently protected but are potentially weak. Historical loss factor for loans rated “special mention” is applied to current balances of like-rated loans pooled by class. Substandard These problem loans are inadequately protected by the sound worth and paying capacity of the borrower and/or the value of any collateral pledged. These loans may be considered impaired and evaluated on an individual basis. Otherwise, an historical loss factor for loans rated “substandard” is applied to current balances of all other “substandard” loans pooled by class. Doubtful Loans with this rating have significant deterioration in the sound worth and paying capacity of the borrower and/or the value of any collateral pledged, making collection or liquidation of the loan in full highly questionable. These loans would be considered impaired and evaluated on an individual basis. The following represents the loan portfolio designated by the internal risk ratings assigned to each credit as of September 30, 2015 and December 31, 2014 (dollars in thousands). Special Sub- September 30, 2015 Excellent Good Pass Mention standard Doubtful TOTAL Commercial Commercial and industrial - organic $ 660 $ 31,300 $ 15,970 $ - $ 111 $ - $ 48,041 Commercial and industrial - syndicated - - 21,057 - 2,970 - 24,027 Real estate construction Residential construction - - 1,025 - - - 1,025 Other construction and land - - 17,470 - 638 - 18,108 Real estate mortgages 1-4 family residential - 1,500 60,232 618 716 - 63,066 Home equity lines of credit - - 28,631 - 82 - 28,713 Multifamily - - 21,170 - - - 21,170 Commercial owner occupied - - 57,562 - 1,116 - 58,678 Commercial non-owner occupied - - 88,067 1,071 1,139 - 90,277 Consumer Consumer revolving credit 88 15,523 544 - 6 - 16,161 Consumer all other credit 253 8,439 1,573 - 43 - 10,308 Student loans purchased - 10,524 - - - - 10,524 Total Loans $ 1,001 $ 67,286 $ 313,301 $ 1,689 $ 6,821 $ - $ 390,098 Special Sub- December 31, 2014 Excellent Good Pass Mention standard Doubtful TOTAL Commercial Commercial and industrial - organic $ 3,579 $ 23,261 $ 18,487 $ 64 $ 734 $ - $ 46,125 Commercial and industrial - syndicated - - 14,815 - - - 14,815 Real estate construction Residential construction - - 337 - - - 337 Other construction and land - - 10,903 507 165 - 11,575 Real estate mortgages 1-4 family residential - 1,910 56,968 455 829 - 60,162 Home equity lines of credit - - 25,411 - 87 - 25,498 Multifamily - - 26,462 - - - 26,462 Commercial owner occupied - - 58,890 - 1,978 - 60,868 Commercial non-owner occupied - - 54,012 - - - 54,012 Consumer Consumer revolving credit 34 3,054 332 - 8 - 3,428 Consumer all other credit 200 7,856 1,867 - 49 - 9,972 Total Loans $ 3,813 $ 36,081 $ 268,484 $ 1,026 $ 3,850 $ - $ 313,254 In addition to the historical factors, the adequacy of the Company's allowance for loan losses is evaluated through reference to eight qualitative factors, listed below and ranked in order of importance: 1) Changes in national and local economic conditions, including the condition of various market segments 2) Changes in the value of underlying collateral 3) Changes in volume of classified assets, measured as a percentage of capital 4) Changes in volume of delinquent loans 5) The existence and effect of any concentrations of credit and changes in the level of such concentrations 6) Changes in lending policies and procedures, including underwriting standards 7) Changes in the experience, ability and depth of lending management and staff 8) Changes in the level of policy exceptions It has been the Company's experience that the first four factors drive losses to a much greater extent than the last four factors; therefore, the first four factors are weighted more heavily. Although the markets served by the Company remain stronger than the national economy as a whole, management continues to pay close attention on a case-by-case basis for any yet unforeseen potential ripple effects of the housing downturn and the related financial market fallout. Like the historical factors, qualitative factors are not assessed against loans rated “excellent” or rated “good,” since these are fully collateralized by cash, readily marketable securities, or, in the case of the student loans purchased, are fully insured by a surety bond purchased by the Company. For each segment and class of loans, management must exercise significant judgment to determine the estimation method that fits the credit risk characteristics of its various segments. Although this evaluation is inherently subjective, qualified management utilizes its significant knowledge and experience related to both the market and history of the Company's loan losses. Impaired loans are individually evaluated and, if deemed appropriate, a specific allocation is made for these loans. In reviewing the seven loans in the amount of $ 1.685 A summary of the transactions in the Allowance for Loan Losses by loan portfolio segment for the nine months ended September 30, 2015 and the year ended December 31, 2014 appears below (dollars in thousands): As of and for the period ended September 30, 2015 Real Estate Commercial Construction and Real Estate Consumer Loans Land Mortgages Loans Total Allowance for Loan Losses: Balance as of December 31, 2014 $ 674 $ 102 $ 2,360 $ 28 $ 3,164 Charge-offs (126 ) - - (3 ) (129 ) Recoveries 27 - 46 - 73 Provision for (recovery of) loan losses 191 39 179 (4 ) 405 Ending Balance $ 766 $ 141 $ 2,585 $ 21 $ 3,513 Ending Balance: Individually evaluated for impairment $ - $ - $ - $ - $ - Collectively evaluated for impairment 766 141 2,585 21 3,513 Loans: Individually evaluated for impairment $ 47 $ 62 $ 1,576 $ - $ 1,685 Collectively evaluated for impairment 72,021 19,071 260,328 36,993 388,413 Ending Balance $ 72,068 $ 19,133 $ 261,904 $ 36,993 $ 390,098 As of and for the year ended December 31, 2014 Real Estate Commercial Construction and Real Estate Consumer Loans Land Mortgages Loans Total Allowance for Loan Losses: Balance as of December 31, 2013 $ 340 $ 198 $ 2,788 $ 34 $ 3,360 Charge-offs (286 ) - (262 ) (3 ) (551 ) Recoveries 32 - 10 7 49 Provision for (recovery of) loan losses 588 (96 ) (176 ) (10 ) 306 Ending Balance $ 674 $ 102 $ 2,360 $ 28 $ 3,164 Ending Balance: Individually evaluated for impairment $ - $ - $ - $ - $ - Collectively evaluated for impairment 674 102 2,360 28 3,164 Loans: Individually evaluated for impairment $ - $ 69 $ 1,628 $ - $ 1,697 Collectively evaluated for impairment 60,940 11,843 225,374 13,400 311,557 Ending Balance $ 60,940 $ 11,912 $ 227,002 $ 13,400 $ 313,254 As previously mentioned, one of the major factors that the Company uses in evaluating the adequacy of its allowance for loan losses is changes in the volume of delinquent loans. Management monitors payment activity on a regular basis. For all classes of loans, the Company considers the entire balance of the loan to be contractually delinquent if the minimum payment is not received by the due date. Interest and fees continue to accrue on past due loans until they are changed to non-accrual status. The following tables show the aging of past due loans as of September 30, 2015 and December 31, 2014. Also included are loans that are 90 or more days past due but still accruing, because they are well secured and in the process of collection. (Dollars below reported in thousands.) Past Due Aging as of 90 Days September 30, 2015 30-59 60-89 90 Days or Past Due Days Past Days Past More Past Total Past Total and Still Due Due Due Due Current Loans Accruing Commercial loans Commercial and industrial - organic $ - $ - $ 47 $ 47 $ 47,994 $ 48,041 $ - Commercial and industrial - syndicated - - - - 24,027 24,027 - Real estate construction and land Residential construction - - - - 1,025 1,025 - Other construction and land - - - - 18,108 18,108 - Real estate mortgages 1-4 family residential - 36 23 59 63,007 63,066 23 Home equity lines of credit 12 - - 12 28,701 28,713 - Multifamily - - - - 21,170 21,170 - Commercial owner occupied - - - - 58,678 58,678 - Commercial non-owner occupied - - - - 90,277 90,277 - Consumer loans Consumer revolving credit 34 - - 34 16,127 16,161 - Consumer all other credit 3 - - 3 10,305 10,308 - Student loans purchased 127 5 28 160 10,364 10,524 28 Total Loans $ 176 $ 41 $ 98 $ 315 $ 389,783 $ 390,098 $ 51 Past Due Aging as of 90 Days December 31, 2014 30-59 60-89 90 Days or Past Due Days Past Days Past More Past Total Past Total and Still Due Due Due Due Current Loans Accruing Commercial loans Commercial and industrial - organic $ 6 $ - $ - $ 6 $ 46,119 $ 46,125 $ - Commercial and industrial - syndicated - - - - 14,815 14,815 - Real estate construction and land Residential construction - - - - 337 337 - Other construction and land - - - - 11,575 11,575 - Real estate mortgages 1-4 family residential - 24 - 24 60,138 60,162 - Home equity lines of credit - - - - 25,498 25,498 - Multifamily - - - - 26,462 26,462 - Commercial owner occupied - - - - 60,868 60,868 - Commercial non-owner occupied - - - - 54,012 54,012 - Consumer loans Consumer revolving credit 1 - - 1 3,427 3,428 - Consumer all other credit 12 30 - 42 9,930 9,972 - Total Loans $ 19 $ 54 $ - $ 73 $ 313,181 $ 313,254 $ -

Earnings Per Share

Earnings Per Share	9 Months Ended
	Sep. 30, 2015
Earnings Per Share [Abstract]
Earnings Per Share	Note 5. Earnings Per Share On September 22, 2014, the Company announced the approval by its Board of Directors of a stock repurchase program authorizing repurchase of up to 400,000 265,212 22.89 134,788 The following shows the weighted average number of shares used in computing earnings per share and the effect on weighted average number of shares of diluted potential common stock for the three months and nine months ended September 30, 2015 and 2014. Potential dilutive common stock equivalents have no effect on net income available to common shareholders. Three Months Ended September 30, 2015 September 30, 2014 (dollars in thousands, except per share data) Weighted Per Weighted Per Average Share Average Share Net Income Shares Amount Net Income Shares Amount Basic earnings per share $ 839 2,435,874 $ 0.34 $ 382 2,697,674 $ 0.14 Effect of dilutive stock options - 9,806 - - 14,875 - Diluted earnings per share $ 839 2,445,680 $ 0.34 $ 382 2,712,549 $ 0.14 Nine Months Ended September 30, 2015 September 30, 2014 (dollars in thousands, except per share data) Weighted Per Weighted Per Average Share Average Share Net Income Shares Amount Net Income Shares Amount Basic earnings per share $ 2,021 2,566,308 $ 0.79 $ 1,333 2,694,487 $ 0.49 Effect of dilutive stock options - 9,609 - - 10,870 - Diluted earnings per share $ 2,021 2,575,917 $ 0.79 $ 1,333 2,705,357 $ 0.49 For the periods ended September 30, 2015, and September 30, 2014, option shares totaling 124,754 111,260

Stock Compensation Plans

Stock Compensation Plans	9 Months Ended
	Sep. 30, 2015
Stock Compensation Plans [Abstract]
Stock Compensation Plans	Note 6. Stock Compensation Plans At the Annual Shareholders Meeting on May 21, 2014, shareholders approved the Virginia National Bankshares Corporation 2014 Stock Incentive Plan (“2014 Plan”). The 2014 Plan makes available up to 250,000 For all of the Company's stock incentive plans (the “Plans”), the option price of incentive options will not be less than the fair value of the stock at the time an option is granted. Nonqualified options may be granted at a price established by the Board of Directors, including prices less than the fair market value on the date of grant. Outstanding options generally expire in ten A summary of the shares issued and available under each of the Plans is shown below as of September 30, 2015: 1998 Plan 2003 Plan 2005 Plan 2014 Plan Aggregate shares issuable 430,100 128,369 230,000 250,000 Options issued, net of forfeited and expired options (379,939 ) (108,054 ) (142,947 ) - Cancelled due to Plan expiration (50,161 ) (20,315 ) (87,053 ) - Remaining available for grant - - - 250,000 Grants issued and outstanding: Total vested and unvested shares - 30,214 140,304 - Fully vested shares - 30,214 134,054 - Exercise price range N/A $ 15.65 $ 11.74 N/A $ 18.26 $ 36.74 The Company accounts for all of its stock incentive plans under recognition and measurement accounting principles which require that the compensation cost relating to stock-based payment transactions be recognized in the financial statements. Stock-based compensation arrangements include stock options and restricted stock. All stock-based payments to employees are required to be valued at a fair value on the date of grant and expensed based on that fair value over the applicable vesting period. For the nine months ended September 30, 2015 and 2014, the Company recognized $ 22 38 3 43 Stock Options Changes in the stock options outstanding related to all of the Plans are summarized as follows (dollars in thousands except per share data): September 30, 2015 Weighted Average Aggregate Number of Options Exercise Price Intrinsic Value Outstanding at January 1, 2015 180,796 $ 25.86 $ 271 Forfeited (9,028 ) 24.46 - Exercised (1,250 ) 18.10 - Outstanding at September 30, 2015 170,518 $ 25.99 $ 259 Options exercisable at September 30, 2015 164,268 $ 26.33 $ 222 The fair value of any grant is estimated at the grant date using the Black-Scholes pricing model. There were no stock option grants during the first three quarters of 2015, and there were stock option grants of 5,000 Summary information pertaining to options outstanding at September 30, 2015 is as follows: Options Outstanding Options Exercisable Weighted- Weighted- Weighted- Number of Average Average Number of Average Options Remaining Exercise Options Exercise Exercise Price Outstanding Contractual Life Price Exercisable Price $ 11.74 20.00 45,764 4.7 $ 17.17 39,514 $ 17.22 $ 20.01 30.00 58,514 2.4 24.83 58,514 24.83 $ 30.01 36.74 66,240 0.7 33.10 66,240 33.10 Total 170,518 2.4 $ 25.99 164,268 $ 26.33 Restricted Stock The restricted stock that had been outstanding as of September 30, 2014 was fully vested in November 2014. No restricted stock grants were awarded during 2014 or the first nine months of 2015.

Fair Value Measurements

Fair Value Measurements	9 Months Ended
	Sep. 30, 2015
Fair Value Measurements [Abstract]
Fair Value Measurements	Note 7. Fair Value Measurements Determination of Fair Value The Company follows ASC 820, “Fair Value Measurements and Disclosures,” to record fair value adjustments to certain assets and liabilities and to determine fair value disclosures. This codification clarifies that 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 estimates 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 current market conditions. If there has been a significant decrease in the volume and level of activity for the asset or liability, a change in valuation technique or the use of multiple valuation techniques may be appropriate. In such instances, determining the price at which willing market participants would transact at the measurement date under current market conditions depends on the facts and circumstances and requires the use of significant judgment. The fair value is a reasonable point within the range that is most representative of fair value under current market conditions. Fair Value Hierarchy In accordance with this guidance, the Company groups its financial assets and financial liabilities generally measured at fair value in three levels, based on the markets in which the assets and liabilities are traded and the reliability of the assumptions used to determine fair value. Level 1 – Valuation is based on quoted prices in active markets for identical assets and liabilities. Level 2 – Valuation is based on observable inputs including quoted prices in active markets for similar assets and liabilities, quoted prices for identical or similar assets and liabilities in less active markets, and model-based valuation techniques for which significant assumptions can be derived primarily from or corroborated by observable data in the market. Level 3 – Valuation is based on model-based techniques that use one or more significant inputs or assumptions that are unobservable in the market 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 consolidated 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). The following tables present the balances measured at fair value on a recurring basis as of September 30, 2015 and December 31, 2014 (dollars in thousands): Fair Value Measurements at September 30, 2015 Using: Quoted Prices in Significant Other Significant Active Markets for Observable Unobservable Identical Assets Inputs Inputs Description Balance (Level 1) (Level 2) (Level 3) Assets: U.S. Government agencies $ 19,942 $ - $ 19,942 $ - Corporate bonds 11,139 - 11,139 - Asset-backed securities 2,098 - 2,098 - Mortgage-backed securities/CMOs 59,586 - 59,586 - Municipal bonds 22,695 - 22,695 - Total securities available for sale $ 115,460 $ - $ 115,460 $ - Fair Value Measurements at December 31, 2014 Using: Quoted Prices in Significant Other Significant Active Markets for Observable Unobservable Identical Assets Inputs Inputs Description Balance (Level 1) (Level 2) (Level 3) Assets: U.S. Government agencies $ 31,528 $ - $ 31,528 $ - Corporate bonds 21,276 - 21,276 - Asset-backed securities 2,105 - 2,105 - Mortgage-backed securities/CMOs 63,220 - 63,220 - Municipal bonds 23,687 - 23,687 - Total securities available for sale $ 141,816 $ - $ 141,816 $ - 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 consolidated 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 an income or 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 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' 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 Income. The Company had $ 1.685 1.697 Other Real Estate Owned 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 The following table presents the Company's assets that were measured at fair value on a nonrecurring basis as of September 30, 2015 and December 31, 2014 (dollars in thousands): Fair Value Measurements at September 30, 2015 Using: Significant Quoted Prices in Other Significant Active Markets for Observable Unobservable Identical Assets Inputs Inputs Description Balance (Level 1) (Level 2) (Level 3) Assets: Other Real Estate Owned $ 540 $ - $ - $ 540 Fair Value Measurements at December 31, 2014 Using: Significant Quoted Prices in Other Significant Active Markets for Observable Unobservable Identical Assets Inputs Inputs Description Balance (Level1 ) (Level2 ) (Level3 ) Assets: Other Real Estate Owned $ 1,177 $ - $ - $ 1,177 For the assets measured at fair value on a nonrecurring basis as of September 30, 2015, the following table displays quantitative information about Level 3 Weighted Description Fair Value Valuation Technique Unobservable Inputs Average Assets: Other Real Estate Owned $ 540 Market comparables Discount applied to contract price * 6.0 % * A discount percentage is applied to the amount of the pending contract for sale, based on cost to sell. ASC 825, “Financial Instruments”, requires disclosures about fair value of financial instruments for interim periods and excludes certain financial instruments and all non-financial instruments from its disclosure requirements. Accordingly, the aggregate fair value amounts presented may not necessarily represent the underlying fair value of the Company. Cash and cash equivalents For those short-term instruments, including cash, due from banks, federal funds sold and interest-bearing deposits maturing within ninety days, the carrying amount is a reasonable estimate of fair value. Securities Fair values for securities, excluding restricted securities, are based on third party vendor pricing models. The carrying value of restricted securities consists of stock in FRB, FHLB, and CBBFC and is based on the redemption provisions of each entity and therefore excluded from the following table. Loans The fair value of performing loans is estimated by discounting the future cash flows using the current rates at which similar loans would be made to borrowers with similar remaining maturities. This calculation ignores loan fees and certain factors affecting the interest rates charged on various loans, such as the borrower's creditworthiness and compensating balances and dissimilar types of real estate held as collateral. The fair value of impaired loans is measured as described within the Impaired Loans section of this note. Bank owned life insurance The carrying amounts of bank owned life insurance approximate fair value. Accrued interest The carrying amounts of accrued interest approximate fair value. Deposit liabilities The fair value of demand deposits, savings accounts, and certain money market deposits is the amount payable on demand at the reporting date. The fair value of fixed-maturity certificates of deposit is estimated by discounting the future cash flows using the rates currently offered for deposits of similar remaining maturities. Securities sold under agreements to repurchase The carrying amounts of securities sold under agreements to repurchase approximate fair value. Off-balance sheet financial instruments 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. For the reporting period, the fair value of unfunded loan commitments and standby letters of credit were deemed to be immaterial and therefore, they have not been included in the following tables. The carrying values and estimated fair values of the Company's financial instruments as of September 30, 2015 and December 31, 2014 are as follows (dollars in thousands): Fair Value Measurement at September 30, 2015 using: Quoted Prices Significant in Active Other Significant Markets for Observable Unobservable Identical Assets Inputs Inputs Carrying value Level 1 Level 2 Level 3 Fair Value Assets Cash and cash equivalent $ 17,464 $ 17,464 $ - $ - $ 17,464 Available for sale securities 115,460 - 115,460 - 115,460 Loans, net 386,585 - - 379,167 379,167 Bank owned life insurance 13,364 - 13,364 - 13,364 Accrued interest receivable 1,299 - 467 832 1,299 Liabilities Demand deposits and interest-bearing transaction and money market accounts $ 358,813 $ - $ 358,813 $ - $ 358,813 Certificates of deposit 112,832 - 115,914 - 115,914 Securities sold under agreements to repurchase 19,436 - 19,436 - 19,436 Accrued interest payable 111 - 111 - 111 Fair Value Measurement at December 31, 2014 using: Quoted Prices Significant in Active Other Significant Markets for Observable Unobservable Identical Assets Inputs Inputs Carrying value Level 1 Level 2 Level 3 Fair Value Assets Cash and cash equivalent $ 54,107 $ 54,107 $ - $ - $ 54,107 Available for sale securities 141,816 - 141,816 - 141,816 Loans, net 310,090 - - 310,806 310,806 Bank owned life insurance 13,034 - 13,034 - 13,034 Accrued interest receivable 1,296 - 566 730 1,296 Liabilities Demand deposits and interest-bearing transaction and money market accounts $ 339,625 $ - $ 339,625 $ - $ 339,625 Certificates of deposit 117,094 - 117,189 - 117,189 Securities sold under agreements to repurchase 17,995 - 17,995 - 17,995 Accrued interest payable 117 - 117 - 117 The Company assumes interest rate risk (the risk that general interest rate levels will change) as a result of its normal operations. As a result, the fair values of the Company's financial instruments will change when interest rate levels change, and that change may be either favorable or unfavorable to the Company. Management attempts to match maturities of assets and liabilities to the extent believed necessary to minimize interest rate risk; however, borrowers with fixed rate obligations are less likely to prepay in a rising rate environment and more likely to prepay in a falling rate environment. Conversely, depositors who are receiving fixed rates are more likely to withdraw funds before maturity in a rising rate environment and less likely to do so in a falling rate environment. Management monitors rates and maturities of assets and liabilities and attempts to minimize interest rate risk by adjusting terms of new loans and deposits and by investing in securities with terms that mitigate the Company's overall interest rate risk.

Other Comprehensive Income

Other Comprehensive Income	9 Months Ended
	Sep. 30, 2015
Other Comprehensive Income [Abstract]
Other Comprehensive Income	Note 8. Other Comprehensive Income A component of the Company's other comprehensive income, in addition to net income from operations, is the recognition of the unrealized gains and losses on available for sale securities, net of income taxes. Reclassifications of realized gains and losses on available for sale securities are reported in the income statement as “Gains on sales of securities” with the corresponding income tax effect reflected as a component of income tax expense. Amounts reclassified out of accumulated other comprehensive income are presented below for the three and nine months ended September 30, 2015 and 2014 (dollars in thousands): Three Months Ended Nine Months Ended September 30, 2015 September 30, 2014 September 30, 2015 September 30, 2014 Available for sale securities Realized gains on sales of securities $ 23 $ - $ 69 $ 16 Tax effect (8 ) - (23 ) (5 ) Realized gains, net of tax $ 15 $ - $ 46 $ 11

Segment Reporting

Segment Reporting	9 Months Ended
	Sep. 30, 2015
Segment Reporting [Abstract]
Segment Reporting	Note 9. Segment Reporting Virginia National Bankshares Corporation has two Commercial banking involves making loans and generating deposits from individuals and businesses. Loan fee income, service charges from deposit accounts, and other non-interest-related fees such as fees for debit cards and ATM usage and fees for treasury management services generate additional income for this segment. VNB Wealth services include investment management, trust and estate administration, advisory, and brokerage services. Income is primarily derived from two forms of fee income: management fees and performance fees. A management fee for administrative and technology support services provided by the Bank is charged to VNB Wealth. For the nine months ended September 30, 2015 and September 30, 2014, management fees of $ 101 188 The accounting policies of the segments are the same as those described in the summary of significant accounting policies provided earlier in this report. Each reportable segment is a strategic business unit that offers different products and services. They are managed separately, because each segment appeals to different markets and, accordingly, require different technology and marketing strategies. Segment information for the three and nine months ended September 30, 2015 and 2014 is shown in the following tables (dollars in thousands): Three months ended September 30, 2015 Bank VNB Wealth Consolidated Net interest income $ 4,170 $ 6 $ 4,176 Provision for loan losses 88 - 88 Noninterest income 761 461 1,222 Noninterest expense 3,419 725 4,144 Income (loss) before income taxes 1,424 (258 ) 1,166 Provision for (benefit of) income taxes 414 (87 ) 327 Net income (loss) $ 1,010 $ (171 ) $ 839 Total assets $ 538,836 $ 9,937 $ 548,773 Three months ended September 30, 2014 Bank VNB Wealth Consolidated Net interest income $ 3,570 $ 7 $ 3,577 Provision for loan losses - - - Noninterest income 667 488 1,155 Noninterest expense 3,572 684 4,256 Income (loss) before income taxes 665 (189 ) 476 Provision for (benefit of) income taxes 158 (64 ) 94 Net income (loss) $ 507 $ (125 ) $ 382 Total assets $ 498,061 $ 9,950 $ 508,011 Nine months ended September 30, 2015 Bank VNB Wealth Consolidated Net interest income $ 11,910 $ 19 $ 11,929 Provision for loan losses 405 - 405 Noninterest income 2,225 1,436 3,661 Noninterest expense 10,213 2,224 12,437 Income (loss) before income taxes 3,517 (769 ) 2,748 Provision for (benefit of) income taxes 986 (259 ) 727 Net income (loss) $ 2,531 $ (510 ) $ 2,021 Total assets $ 538,836 $ 9,937 $ 548,773 Nine months ended September 30, 2014 Bank VNB Wealth Consolidated Net interest income $ 10,771 $ 26 $ 10,797 Provision for (recovery of) loan losses (118 ) - (118 ) Noninterest income 1,874 1,508 3,382 Noninterest expense 10,667 2,028 12,695 Income (loss) before income taxes 2,096 (494 ) 1,602 Provision for (benefit of) income taxes 435 (166 ) 269 Net income (loss) $ 1,661 $ (328 ) $ 1,333 Total assets $ 498,061 $ 9,950 $ 508,011

Significant Accounting Polici19

Significant Accounting Policies (Policy)	9 Months Ended
	Sep. 30, 2015
Significant Accounting Policies [Abstract]
Basis of Presentation	Basis of Presentation The consolidated financial statements include the accounts of Virginia National Bankshares Corporation (the “Company”), its subsidiary Virginia National Bank (the “Bank”), and the Bank's subsidiary, VNBTrust, National Association which offers services under the name VNB Wealth Management (“VNBTrust” or “VNB Wealth”). All significant intercompany balances and transactions have been eliminated in consolidation. The unaudited consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America (“GAAP”) for interim financial information. Accordingly, the unaudited consolidated financial statements do not include all of the information and footnotes required by GAAP for complete financial statements. In the opinion of management, all adjustments (consisting of normal recurring items) considered necessary for a fair presentation have been included. The preparation of financial statements in conformity with GAAP and the reporting guidelines prescribed by regulatory authorities requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. Material estimates that are particularly susceptible to significant change in the near term relate to the determination of the allowance for loan losses, deferred tax assets and other real estate owned. Operating results for the three-month and nine-month periods ended September 30, 2015 are not necessarily indicative of the results that may be expected for the year ending December 31, 2015. The statements should be read in conjunction with the Notes to Consolidated Financial Statements included in the Company's Form 10-K for the year ended December 31, 2014. If needed, certain previously reported amounts have been reclassified to conform to current period presentation. No such reclassifications were significant.
Recent Accounting Pronouncements	Recent Accounting Pronouncements In June 2014, the FASB issued ASU No. 2014-11, “Transfers and Servicing (Topic 860): Repurchase-to-Maturity Transactions, Repurchase Financings, and Disclosures.” This ASU aligns the accounting for repurchase-to-maturity transactions and repurchase agreements executed as a repurchase financing with the accounting for other typical repurchase agreements. The new guidance eliminates sale accounting for repurchase-to-maturity transactions and supersedes the guidance under which a transfer of a financial asset and a contemporaneous repurchase financing could be accounted for on a combined basis as a forward agreement. The amendments in the ASU also require a new disclosure for transactions economically similar to repurchase agreements in which the transferor retains substantially all of the exposure to the economic return on the transferred financial assets throughout the term of the transaction. Additional disclosures will be required for the nature of collateral pledged in repurchase agreements and similar transactions accounted for as secured borrowings. The amendments in this ASU are effective for the first interim or annual period beginning after December 15, 2014; however, the disclosure for transactions accounted for as secured borrowings is required to be presented for annual periods beginning after December 15, 2014, and interim periods beginning after March 15, 2015. The adoption of the new guidance did not have a material impact on the Company's consolidated financial statements. In June 2014, the FASB issued ASU No. 2014-12, “Compensation – Stock Compensation (Topic 718): Accounting for Share-Based Payments When the Terms of an Award Provide That a Performance Target Could Be Achieved after the Requisite Service Period.” The new guidance applies to reporting entities that grant employees share-based payments in which the terms of the award allow a performance target to be achieved after the requisite service period. The amendments in the ASU require that a performance target that affects vesting and that could be achieved after the requisite service period be treated as a performance condition. Existing guidance in “Compensation – Stock Compensation (Topic 718)” should be applied to account for these types of awards. The amendments in this ASU are effective for annual periods and interim periods within those annual periods beginning after December 15, 2015. Early adoption is permitted and reporting entities may choose to apply the amendments in the ASU either on a prospective or retrospective basis. The Company is currently assessing the impact that ASU 2014-12 will have on its consolidated financial statements. 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 any impact on its consolidated financial statements. In January 2015, the FASB issued ASU No. 2015-01, “Income Statement—Extraordinary and Unusual Items (Subtopic 225-20): Simplifying Income Statement Presentation by Eliminating the Concept of Extraordinary Items.” The amendments in this ASU eliminate from U.S. GAAP the concept of extraordinary items. Subtopic 225-20, Income Statement - Extraordinary and Unusual Items, required that an entity separately classify, present, and disclose extraordinary events and transactions. Presently, an event or transaction is presumed to be an ordinary and usual activity of the reporting entity unless evidence clearly supports its classification as an extraordinary item. If an event or transaction meets the criteria for extraordinary classification, an entity is required to segregate the extraordinary item from the results of ordinary operations and show the item separately in the income statement, net of tax, after income from continuing operations. The entity also is required to disclose applicable income taxes and either present or disclose earnings-per-share data applicable to the extraordinary item. The amendments in this ASU are effective for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2015. Early adoption is permitted provided that the guidance is applied from the beginning of the fiscal year of adoption. The Company does not expect the adoption of ASU 2015-01 to have a material impact on its consolidated financial statements. In May 2015, the FASB issued ASU No. 2015-08, “Business Combinations (Topic 805): Pushdown Accounting – Amendments to SEC Paragraphs Pursuant to Staff Accounting Bulletin No. 115.” The amendments in ASU 2015-08 amend various SEC paragraphs pursuant to the issuance of Staff Accounting Bulletin No. 115, Topic 5: Miscellaneous Accounting, regarding various pushdown accounting issues, and did not have a material impact on the Company's consolidated financial statements. In August 2015, the FASB issued ASU No. 2015-14, “Revenue from Contracts with Customers (Topic 606): Deferral of Effective Date.” The amendments in ASU 2015-14 defer the effective date of ASU 2014-09, "Revenue from Contracts with Customers (Topic 606)," for all entities by one year. Public business entities, certain not-for-profit entities, and certain employee benefit plans should apply the guidance in ASU 2014-09 to annual reporting periods beginning after December 15, 2017, including interim reporting periods within that reporting period. Earlier application is permitted only as of annual reporting periods beginning after December 15, 2016, including interim reporting periods within that reporting period. All other entities should apply the guidance in ASU 2014-09 to annual reporting periods beginning after December 15, 2018, and interim reporting periods within annual reporting periods beginning after December 15, 2019. All other entities may apply the guidance in ASU 2014-09 earlier as of an annual reporting period beginning after December 15, 2016, including interim reporting periods within that reporting period. All other entities also may apply the guidance in ASU 2014-09 earlier as of an annual reporting period beginning after December 15, 2016, and interim reporting periods within annual reporting periods beginning one year after the annual reporting period in which the entity first applies the guidance in ASU 2014-09. The Company does not expect the adoption of ASU 2015-14 (or ASU 2014-09) to have a material impact on its consolidated financial statements. In September 2015, the FASB issued ASU 2015-16, “Business Combinations (Topic 805): Simplifying the Accounting for Measurement-Period Adjustments.” The amendments in ASU 2015-16 require that an acquirer recognize adjustments to estimated amounts that are identified during the measurement period in the reporting period in which the adjustment amounts are determined. The amendments require that the acquirer record, in the same period's financial statements, the effect on earnings of changes in depreciation, amortization, or other income effects, if any, as a result of the change to the estimated amounts, calculated as if the accounting had been completed at the acquisition date. The amendments also require an entity to present separately on the face of the income statement or disclose in the notes the portion of the amount recorded in current-period earnings by line item that would have been recorded in previous reporting periods if the adjustment to the estimated amounts had been recognized as of the acquisition date. The amendments in this ASU are effective for public business entities for fiscal years beginning after December 15, 2015, including interim periods within those fiscal years. For all other entities, the amendments are effective for fiscal years beginning after December 15, 2016, and interim periods within fiscal years beginning after December 15, 2017. The amendments should be applied prospectively to adjustments to provisional amounts that occur after the effective date with earlier application permitted for financial statements that have not been issued. The Company does not expect the adoption of ASU 2015-16 to have a material impact on its consolidated financial statements.

Securities (Tables)

Securities (Tables)	9 Months Ended
	Sep. 30, 2015
Securities [Abstract]
Schedule of Amortized Cost and Fair Values of Securities Available For Sale	September 30, 2015 Amortized Gross Unrealized Gross Unrealized Fair Cost Gains Losses Value U.S. Government agencies $ 19,715 $ 238 $ (11) $ 19,942 Corporate bonds 11,152 11 (24 ) 11,139 Asset-backed securities 2,119 - (21 ) 2,098 Mortgage-backed securities/CMOs 59,437 364 (215 ) 59,586 Municipal bonds 22,666 176 (147 ) 22,695 $ 115,089 $ 789 $ (418 ) $ 115,460 December 31, 2014 Amortized Gross Unrealized Gross Unrealized Fair Cost Gains Losses Value U.S. Government agencies $ 31,189 $ 395 $ (56 ) $ 31,528 Corporate bonds 21,373 21 (118 ) 21,276 Asset-backed securities 2,133 - (28 ) 2,105 Mortgage-backed securities/CMOs Mortgage-backed securities/CMOs 63,327 297 (404 ) 63,220 Municipal bonds 23,727 157 (197 ) 23,687 $ 141,749 $ 870 $ (803 ) $ 141,816
Schedule of Unrealized Losses in the Bank's Securities Portfolio	September 30, 2015 Less than 12 Months 12 Months or more Total Unrealized Unrealized Unrealized Fair Value Losses Fair Value Losses Fair Value Losses U.S. Government agencies $ - $ - $ 989 $ (11 ) $ 989 $ (11) Corporate bonds 6,028 (24 ) - - 6,028 (24 ) Asset-backed securities 1,143 (18 ) 955 (3 ) 2,098 (21 ) Mortgage-backed/CMOs 13,101 (43 ) 12,071 (172 ) 25,172 (215 ) Municipal bonds 5,956 (80 ) 1,906 (67 ) 7,862 (147 ) $ 26,228 $ (165 ) $ 15,921 $ (253 ) $ 42,149 $ (418 ) December 31, 2014 Less than 12 Months 12 Months or more Total Unrealized Unrealized Unrealized Fair Value Losses Fair Value Losses Fair Value Losses U.S. Government agencies $ 6,375 $ (21 ) $ 966 $ (35 ) $ 7,341 $ (56 ) Corporate bonds 13,213 (102 ) 3,032 (16 ) 16,245 (118 ) Asset-backed securities 98 - 2,007 (28 ) 2,105 (28 ) Mortgage-backed/CMOs 6,276 (35 ) 25,081 (369 ) 31,357 (404 ) Municipal bonds 1,769 (19 ) 10,330 (178 ) 12,099 (197 ) $ 27,731 $ (177 ) $ 41,416 $ (626 ) $ 69,147 $ (803 )

Loans (Tables)

Loans (Tables)	9 Months Ended
	Sep. 30, 2015
Loans [Abstract]
Schedule of Composition of Loan Portfolio by Loan Classification	September 30, December 31, 2015 2014 Commercial Commercial and industrial - organic $ 48,041 $ 46,125 Commercial and industrial - syndicated 24,027 14,815 Total commercial and industrial 72,068 60,940 Real estate construction and land Residential construction 1,025 337 Other construction and land 18,108 11,575 Total construction and land 19,133 11,912 Real estate mortgages 1-4 family residential 63,066 60,162 Home equity lines of credit 28,713 25,498 Multifamily 21,170 26,462 Commercial owner occupied 58,678 60,868 Commercial non-owner occupied 90,277 54,012 Total real estate mortgage 261,904 227,002 Consumer Consumer revolving credit 16,161 3,428 Consumer all other credit 10,308 9,972 Student loans purchased 10,524 - Total consumer 36,993 13,400 Total loans 390,098 313,254 Less: Allowance for loan losses (3,513 ) (3,164 ) Net loans $ 386,585 $ 310,090
Schedule of Loans Classified as Impaired Loans	September 30, 2015 Unpaid Average Interest Recorded Principal Associated Recorded Income Investment Balance Allowance Investment Recognized Impaired loans without a valuation allowance: Commercial and industrial - organic $ 47 $ 65 $ - $ 5 $ - Other construction and land 62 105 - 65 - 1-4 family residential mortgages 504 528 - 747 19 Commercial non-owner occupied real estate 1,072 1,072 - 1,086 35 Impaired loans with a valuation allowance - - - - - Total impaired loans $ 1,685 $ 1,770 $ - $ 1,903 $ 54 December 31, 2014 Unpaid Average Interest Recorded Principal Associated Recorded Income Investment Balance Allowance Investment Recognized Impaired loans without a valuation allowance: Other construction and land $ 69 $ 109 $ - $ 79 $ 1 1-4 family residential mortgages 525 545 - 437 16 Home equity lines of credits - - - 50 3 Commercial owner occupied real estate 1,103 1,103 - 1,124 60 Commercial non-owner occupied real estate - - - 46 - Impaired loans with a valuation allowance - - - - - Total impaired loans $ 1,697 $ 1,757 $ - $ 1,736 $ 80
Schedule of Impaired Loans Classified as Non-Accruals by Class	September 30, 2015 December 31, 2014 Commercial and industrial - organic $ 47 $ - Other construction and land 62 69 1-4 family residential mortgages 136 149 Total nonaccrual loans $ 245 $ 218
Summary of Modified Loans	Troubled debt restructuring (TDRs) September 30, 2015 December 31, 2014 No. of Recorded No. of Recorded Loans Investment Loans Investment Performing TDRs 1-4 family residential mortgages 2 $ 368 2 $ 376 Commercial non-owner occupied real estate 1 1,072 1 1,103 Total performing TDRs 3 $ 1,440 3 $ 1,479 Nonperforming TDRs Other construction and land 1 $ 36 1 $ 39 Total TDRs 4 $ 1,476 4 $ 1,518

Allowance for Loan Losses (Tabl

Allowance for Loan Losses (Tables)	9 Months Ended
	Sep. 30, 2015
Allowance for Loan Losses [Abstract]
Summary of Transactions in Allowance for Loan Losses	Special Sub- September 30, 2015 Excellent Good Pass Mention standard Doubtful TOTAL Commercial Commercial and industrial - organic $ 660 $ 31,300 $ 15,970 $ - $ 111 $ - $ 48,041 Commercial and industrial - syndicated - - 21,057 - 2,970 - 24,027 Real estate construction Residential construction - - 1,025 - - - 1,025 Other construction and land - - 17,470 - 638 - 18,108 Real estate mortgages 1-4 family residential - 1,500 60,232 618 716 - 63,066 Home equity lines of credit - - 28,631 - 82 - 28,713 Multifamily - - 21,170 - - - 21,170 Commercial owner occupied - - 57,562 - 1,116 - 58,678 Commercial non-owner occupied - - 88,067 1,071 1,139 - 90,277 Consumer Consumer revolving credit 88 15,523 544 - 6 - 16,161 Consumer all other credit 253 8,439 1,573 - 43 - 10,308 Student loans purchased - 10,524 - - - - 10,524 Total Loans $ 1,001 $ 67,286 $ 313,301 $ 1,689 $ 6,821 $ - $ 390,098 Special Sub- December 31, 2014 Excellent Good Pass Mention standard Doubtful TOTAL Commercial Commercial and industrial - organic $ 3,579 $ 23,261 $ 18,487 $ 64 $ 734 $ - $ 46,125 Commercial and industrial - syndicated - - 14,815 - - - 14,815 Real estate construction Residential construction - - 337 - - - 337 Other construction and land - - 10,903 507 165 - 11,575 Real estate mortgages 1-4 family residential - 1,910 56,968 455 829 - 60,162 Home equity lines of credit - - 25,411 - 87 - 25,498 Multifamily - - 26,462 - - - 26,462 Commercial owner occupied - - 58,890 - 1,978 - 60,868 Commercial non-owner occupied - - 54,012 - - - 54,012 Consumer Consumer revolving credit 34 3,054 332 - 8 - 3,428 Consumer all other credit 200 7,856 1,867 - 49 - 9,972 Total Loans $ 3,813 $ 36,081 $ 268,484 $ 1,026 $ 3,850 $ - $ 313,254
Summary of Transactions in Allowance for Loan Losses by Loan Portfolio Segment	As of and for the period ended September 30, 2015 Real Estate Commercial Construction and Real Estate Consumer Loans Land Mortgages Loans Total Allowance for Loan Losses: Balance as of December 31, 2014 $ 674 $ 102 $ 2,360 $ 28 $ 3,164 Charge-offs (126 ) - - (3 ) (129 ) Recoveries 27 - 46 - 73 Provision for (recovery of) loan losses 191 39 179 (4 ) 405 Ending Balance $ 766 $ 141 $ 2,585 $ 21 $ 3,513 Ending Balance: Individually evaluated for impairment $ - $ - $ - $ - $ - Collectively evaluated for impairment 766 141 2,585 21 3,513 Loans: Individually evaluated for impairment $ 47 $ 62 $ 1,576 $ - $ 1,685 Collectively evaluated for impairment 72,021 19,071 260,328 36,993 388,413 Ending Balance $ 72,068 $ 19,133 $ 261,904 $ 36,993 $ 390,098 As of and for the year ended December 31, 2014 Real Estate Commercial Construction and Real Estate Consumer Loans Land Mortgages Loans Total Allowance for Loan Losses: Balance as of December 31, 2013 $ 340 $ 198 $ 2,788 $ 34 $ 3,360 Charge-offs (286 ) - (262 ) (3 ) (551 ) Recoveries 32 - 10 7 49 Provision for (recovery of) loan losses 588 (96 ) (176 ) (10 ) 306 Ending Balance $ 674 $ 102 $ 2,360 $ 28 $ 3,164 Ending Balance: Individually evaluated for impairment $ - $ - $ - $ - $ - Collectively evaluated for impairment 674 102 2,360 28 3,164 Loans: Individually evaluated for impairment $ - $ 69 $ 1,628 $ - $ 1,697 Collectively evaluated for impairment 60,940 11,843 225,374 13,400 311,557 Ending Balance $ 60,940 $ 11,912 $ 227,002 $ 13,400 $ 313,254
Schedule of Aging of Past Due Loans	Past Due Aging as of 90 Days September 30, 2015 30-59 60-89 90 Days or Past Due Days Past Days Past More Past Total Past Total and Still Due Due Due Due Current Loans Accruing Commercial loans Commercial and industrial - organic $ - $ - $ 47 $ 47 $ 47,994 $ 48,041 $ - Commercial and industrial - syndicated - - - - 24,027 24,027 - Real estate construction and land Residential construction - - - - 1,025 1,025 - Other construction and land - - - - 18,108 18,108 - Real estate mortgages 1-4 family residential - 36 23 59 63,007 63,066 23 Home equity lines of credit 12 - - 12 28,701 28,713 - Multifamily - - - - 21,170 21,170 - Commercial owner occupied - - - - 58,678 58,678 - Commercial non-owner occupied - - - - 90,277 90,277 - Consumer loans Consumer revolving credit 34 - - 34 16,127 16,161 - Consumer all other credit 3 - - 3 10,305 10,308 - Student loans purchased 127 5 28 160 10,364 10,524 28 Total Loans $ 176 $ 41 $ 98 $ 315 $ 389,783 $ 390,098 $ 51 Past Due Aging as of 90 Days December 31, 2014 30-59 60-89 90 Days or Past Due Days Past Days Past More Past Total Past Total and Still Due Due Due Due Current Loans Accruing Commercial loans Commercial and industrial - organic $ 6 $ - $ - $ 6 $ 46,119 $ 46,125 $ - Commercial and industrial - syndicated - - - - 14,815 14,815 - Real estate construction and land Residential construction - - - - 337 337 - Other construction and land - - - - 11,575 11,575 - Real estate mortgages 1-4 family residential - 24 - 24 60,138 60,162 - Home equity lines of credit - - - - 25,498 25,498 - Multifamily - - - - 26,462 26,462 - Commercial owner occupied - - - - 60,868 60,868 - Commercial non-owner occupied - - - - 54,012 54,012 - Consumer loans Consumer revolving credit 1 - - 1 3,427 3,428 - Consumer all other credit 12 30 - 42 9,930 9,972 - Total Loans $ 19 $ 54 $ - $ 73 $ 313,181 $ 313,254 $ -

Earnings Per Share (Tables)

Earnings Per Share (Tables)	9 Months Ended
	Sep. 30, 2015
Earnings Per Share [Abstract]
Schedule of weighted average number of shares used in computing earnings per share	Three Months Ended September 30, 2015 September 30, 2014 (dollars in thousands, except per share data) Weighted Per Weighted Per Average Share Average Share Net Income Shares Amount Net Income Shares Amount Basic earnings per share $ 839 2,435,874 $ 0.34 $ 382 2,697,674 $ 0.14 Effect of dilutive stock options - 9,806 - - 14,875 - Diluted earnings per share $ 839 2,445,680 $ 0.34 $ 382 2,712,549 $ 0.14 Nine Months Ended September 30, 2015 September 30, 2014 (dollars in thousands, except per share data) Weighted Per Weighted Per Average Share Average Share Net Income Shares Amount Net Income Shares Amount Basic earnings per share $ 2,021 2,566,308 $ 0.79 $ 1,333 2,694,487 $ 0.49 Effect of dilutive stock options - 9,609 - - 10,870 - Diluted earnings per share $ 2,021 2,575,917 $ 0.79 $ 1,333 2,705,357 $ 0.49

Stock Compensation Plans (Table

Stock Compensation Plans (Tables)	9 Months Ended
	Sep. 30, 2015
Stock Compensation Plans [Abstract]
Summary of Shares Issued and Available Under Each Plans	1998 Plan 2003 Plan 2005 Plan 2014 Plan Aggregate shares issuable 430,100 128,369 230,000 250,000 Options issued, net of forfeited and expired options (379,939 ) (108,054 ) (142,947 ) - Cancelled due to Plan expiration (50,161 ) (20,315 ) (87,053 ) - Remaining available for grant - - - 250,000 Grants issued and outstanding: Total vested and unvested shares - 30,214 140,304 - Fully vested shares - 30,214 134,054 - Exercise price range N/A $ 15.65 $ 11.74 N/A $ 18.26 $ 36.74
Summary of Stock Option Activity	September 30, 2015 Weighted Average Aggregate Number of Options Exercise Price Intrinsic Value Outstanding at January 1, 2015 180,796 $ 25.86 $ 271 Forfeited (9,028 ) 24.46 - Exercised (1,250 ) 18.10 - Outstanding at September 30, 2015 170,518 $ 25.99 $ 259 Options exercisable at September 30, 2015 164,268 $ 26.33 $ 222
Schedule of Options Outstanding and Exercisable, by Exercise Price Range	Options Outstanding Options Exercisable Weighted- Weighted- Weighted- Number of Average Average Number of Average Options Remaining Exercise Options Exercise Exercise Price Outstanding Contractual Life Price Exercisable Price $ 11.74 20.00 45,764 4.7 $ 17.17 39,514 $ 17.22 $ 20.01 30.00 58,514 2.4 24.83 58,514 24.83 $ 30.01 36.74 66,240 0.7 33.10 66,240 33.10 Total 170,518 2.4 $ 25.99 164,268 $ 26.33

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	9 Months Ended
	Sep. 30, 2015
Fair Value Measurements [Abstract]
Schedule of Available for Sale Securities Measured at Fair Value on a Recurring Basis	Fair Value Measurements at September 30, 2015 Using: Quoted Prices in Significant Other Significant Active Markets for Observable Unobservable Identical Assets Inputs Inputs Description Balance (Level 1) (Level 2) (Level 3) Assets: U.S. Government agencies $ 19,942 $ - $ 19,942 $ - Corporate bonds 11,139 - 11,139 - Asset-backed securities 2,098 - 2,098 - Mortgage-backed securities/CMOs 59,586 - 59,586 - Municipal bonds 22,695 - 22,695 - Total securities available for sale $ 115,460 $ - $ 115,460 $ - Fair Value Measurements at December 31, 2014 Using: Quoted Prices in Significant Other Significant Active Markets for Observable Unobservable Identical Assets Inputs Inputs Description Balance (Level 1) (Level 2) (Level 3) Assets: U.S. Government agencies $ 31,528 $ - $ 31,528 $ - Corporate bonds 21,276 - 21,276 - Asset-backed securities 2,105 - 2,105 - Mortgage-backed securities/CMOs 63,220 - 63,220 - Municipal bonds 23,687 - 23,687 - Total securities available for sale $ 141,816 $ - $ 141,816 $ -
Other Real Estate Owned Measured at Fair Value on a Nonrecurring Basis	Fair Value Measurements at September 30, 2015 Using: Significant Quoted Prices in Other Significant Active Markets for Observable Unobservable Identical Assets Inputs Inputs Description Balance (Level 1) (Level 2) (Level 3) Assets: Other Real Estate Owned $ 540 $ - $ - $ 540 Fair Value Measurements at December 31, 2014 Using: Significant Quoted Prices in Other Significant Active Markets for Observable Unobservable Identical Assets Inputs Inputs Description Balance (Level1 ) (Level2 ) (Level3 ) Assets: Other Real Estate Owned $ 1,177 $ - $ - $ 1,177 For the assets measured at fair value on a nonrecurring basis as of September 30, 2015, the following table displays quantitative information about Level 3 Weighted Description Fair Value Valuation Technique Unobservable Inputs Average Assets: Other Real Estate Owned $ 540 Market comparables Discount applied to contract price * 6.0 %
Schedule of the Carrying Values and Estimated Fair Values of the Bank's Financial Instruments	Fair Value Measurement at September 30, 2015 using: Quoted Prices Significant in Active Other Significant Markets for Observable Unobservable Identical Assets Inputs Inputs Carrying value Level 1 Level 2 Level 3 Fair Value Assets Cash and cash equivalent $ 17,464 $ 17,464 $ - $ - $ 17,464 Available for sale securities 115,460 - 115,460 - 115,460 Loans, net 386,585 - - 379,167 379,167 Bank owned life insurance 13,364 - 13,364 - 13,364 Accrued interest receivable 1,299 - 467 832 1,299 Liabilities Demand deposits and interest-bearing transaction and money market accounts $ 358,813 $ - $ 358,813 $ - $ 358,813 Certificates of deposit 112,832 - 115,914 - 115,914 Securities sold under agreements to repurchase 19,436 - 19,436 - 19,436 Accrued interest payable 111 - 111 - 111 Fair Value Measurement at December 31, 2014 using: Quoted Prices Significant in Active Other Significant Markets for Observable Unobservable Identical Assets Inputs Inputs Carrying value Level 1 Level 2 Level 3 Fair Value Assets Cash and cash equivalent $ 54,107 $ 54,107 $ - $ - $ 54,107 Available for sale securities 141,816 - 141,816 - 141,816 Loans, net 310,090 - - 310,806 310,806 Bank owned life insurance 13,034 - 13,034 - 13,034 Accrued interest receivable 1,296 - 566 730 1,296 Liabilities Demand deposits and interest-bearing transaction and money market accounts $ 339,625 $ - $ 339,625 $ - $ 339,625 Certificates of deposit 117,094 - 117,189 - 117,189 Securities sold under agreements to repurchase 17,995 - 17,995 - 17,995 Accrued interest payable 117 - 117 - 117

Other Comprehensive Income (Tab

Other Comprehensive Income (Tables)	9 Months Ended
	Sep. 30, 2015
Other Comprehensive Income [Abstract]
Schedule of Comprehensive Income	Three Months Ended Nine Months Ended September 30, 2015 September 30, 2014 September 30, 2015 September 30, 2014 Available for sale securities Realized gains on sales of securities $ 23 $ - $ 69 $ 16 Tax effect (8 ) - (23 ) (5 ) Realized gains, net of tax $ 15 $ - $ 46 $ 11

Segment Reporting (Tables)

Segment Reporting (Tables)	9 Months Ended
	Sep. 30, 2015
Segment Reporting [Abstract]
Schedule of segment reporting information	Three months ended September 30, 2015 Bank VNB Wealth Consolidated Net interest income $ 4,170 $ 6 $ 4,176 Provision for loan losses 88 - 88 Noninterest income 761 461 1,222 Noninterest expense 3,419 725 4,144 Income (loss) before income taxes 1,424 (258 ) 1,166 Provision for (benefit of) income taxes 414 (87 ) 327 Net income (loss) $ 1,010 $ (171 ) $ 839 Total assets $ 538,836 $ 9,937 $ 548,773 Three months ended September 30, 2014 Bank VNB Wealth Consolidated Net interest income $ 3,570 $ 7 $ 3,577 Provision for loan losses - - - Noninterest income 667 488 1,155 Noninterest expense 3,572 684 4,256 Income (loss) before income taxes 665 (189 ) 476 Provision for (benefit of) income taxes 158 (64 ) 94 Net income (loss) $ 507 $ (125 ) $ 382 Total assets $ 498,061 $ 9,950 $ 508,011 Nine months ended September 30, 2015 Bank VNB Wealth Consolidated Net interest income $ 11,910 $ 19 $ 11,929 Provision for loan losses 405 - 405 Noninterest income 2,225 1,436 3,661 Noninterest expense 10,213 2,224 12,437 Income (loss) before income taxes 3,517 (769 ) 2,748 Provision for (benefit of) income taxes 986 (259 ) 727 Net income (loss) $ 2,531 $ (510 ) $ 2,021 Total assets $ 538,836 $ 9,937 $ 548,773 Nine months ended September 30, 2014 Bank VNB Wealth Consolidated Net interest income $ 10,771 $ 26 $ 10,797 Provision for (recovery of) loan losses (118 ) - (118 ) Noninterest income 1,874 1,508 3,382 Noninterest expense 10,667 2,028 12,695 Income (loss) before income taxes 2,096 (494 ) 1,602 Provision for (benefit of) income taxes 435 (166 ) 269 Net income (loss) $ 1,661 $ (328 ) $ 1,333 Total assets $ 498,061 $ 9,950 $ 508,011

Securities (Amortized Cost and

Securities (Amortized Cost and Fair Values of Securities Available for Sale) (Details)) - USD ($) $ in Thousands	9 Months Ended	12 Months Ended
	Sep. 30, 2015	Dec. 31, 2014
Available for Sale
Amortized Cost	$ 115,089	$ 141,749
Gross Unrealized Gains	789	870
Gross Unrealized Losses	(418)	(803)
Available for Sale, Fair Value	115,460	141,816
U.S. Government agencies [Member]
Available for Sale
Amortized Cost	19,715	31,189
Gross Unrealized Gains	238	395
Gross Unrealized Losses	(11)	(56)
Available for Sale, Fair Value	19,942	31,528
Corporate bonds [Member]
Available for Sale
Amortized Cost	11,152	21,373
Gross Unrealized Gains	11	21
Gross Unrealized Losses	(24)	(118)
Available for Sale, Fair Value	11,139	21,276
Asset-backed securities [Member]
Available for Sale
Amortized Cost	$ 2,119	$ 2,133
Gross Unrealized Gains
Gross Unrealized Losses	$ (21)	$ (28)
Available for Sale, Fair Value	2,098	2,105
Mortgage-backed securities/CMOs [Member]
Available for Sale
Amortized Cost	59,437	63,327
Gross Unrealized Gains	364	297
Gross Unrealized Losses	(215)	(404)
Available for Sale, Fair Value	59,586	63,220
Municipal bonds [Member]
Available for Sale
Amortized Cost	22,666	23,727
Gross Unrealized Gains	176	157
Gross Unrealized Losses	(147)	(197)
Available for Sale, Fair Value	$ 22,695	$ 23,687

Securities (Schedule of Unreali

Securities (Schedule of Unrealized Losses) (Details) - USD ($) $ in Thousands	9 Months Ended	12 Months Ended
	Sep. 30, 2015	Dec. 31, 2014
Schedule of Available-for-sale Securities [Line Items]
Continuous Unrealized Loss Position of Less Than 12 Months, Estimated Fair value	$ 26,228	$ 27,731
Continuous Unrealized Loss Position of 12 Months or More, Estimated Fair value	15,921	41,416
Total, Estimated Fair value	42,149	69,147
Continuous Unrealized Loss Position of Less Than 12 Months, Unrealized losses	(165)	(177)
Continuous Unrealized Loss Position of 12 Months or More, Unrealized losses	(253)	(626)
Total, Unrealized losses	$ (418)	(803)
U.S. Government agencies [Member]
Schedule of Available-for-sale Securities [Line Items]
Continuous Unrealized Loss Position of Less Than 12 Months, Estimated Fair value		6,375
Continuous Unrealized Loss Position of 12 Months or More, Estimated Fair value	$ 989	966
Total, Estimated Fair value	$ 989	7,341
Continuous Unrealized Loss Position of Less Than 12 Months, Unrealized losses		(21)
Continuous Unrealized Loss Position of 12 Months or More, Unrealized losses	$ (11)	(35)
Total, Unrealized losses	(11)	(56)
Corporate bonds [Member]
Schedule of Available-for-sale Securities [Line Items]
Continuous Unrealized Loss Position of Less Than 12 Months, Estimated Fair value	$ 6,028	13,213
Continuous Unrealized Loss Position of 12 Months or More, Estimated Fair value		3,032
Total, Estimated Fair value	$ 6,028	16,245
Continuous Unrealized Loss Position of Less Than 12 Months, Unrealized losses	$ (24)	(102)
Continuous Unrealized Loss Position of 12 Months or More, Unrealized losses		(16)
Total, Unrealized losses	$ (24)	(118)
Asset-backed securities [Member]
Schedule of Available-for-sale Securities [Line Items]
Continuous Unrealized Loss Position of Less Than 12 Months, Estimated Fair value	1,143	98
Continuous Unrealized Loss Position of 12 Months or More, Estimated Fair value	955	2,007
Total, Estimated Fair value	2,098	$ 2,105
Continuous Unrealized Loss Position of Less Than 12 Months, Unrealized losses	(18)
Continuous Unrealized Loss Position of 12 Months or More, Unrealized losses	(3)	$ (28)
Total, Unrealized losses	(21)	(28)
Mortgage-backed/CMOs [Member]
Schedule of Available-for-sale Securities [Line Items]
Continuous Unrealized Loss Position of Less Than 12 Months, Estimated Fair value	13,101	6,276
Continuous Unrealized Loss Position of 12 Months or More, Estimated Fair value	12,071	25,081
Total, Estimated Fair value	25,172	31,357
Continuous Unrealized Loss Position of Less Than 12 Months, Unrealized losses	(43)	(35)
Continuous Unrealized Loss Position of 12 Months or More, Unrealized losses	(172)	(369)
Total, Unrealized losses	(215)	(404)
Municipal bonds [Member]
Schedule of Available-for-sale Securities [Line Items]
Continuous Unrealized Loss Position of Less Than 12 Months, Estimated Fair value	5,956	1,769
Continuous Unrealized Loss Position of 12 Months or More, Estimated Fair value	1,906	10,330
Total, Estimated Fair value	7,862	12,099
Continuous Unrealized Loss Position of Less Than 12 Months, Unrealized losses	(80)	(19)
Continuous Unrealized Loss Position of 12 Months or More, Unrealized losses	(67)	(178)
Total, Unrealized losses	$ (147)	$ (197)

Securities (Narrative) (Details

Securities (Narrative) (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended		12 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014	Dec. 31, 2014
Securities [Abstract]
Proceeds from the sales of securities			$ 34,892	$ 6,490
Gross net realized gains on sale of securities	$ 23		69	$ 16
Securities pledged to secure deposits and for other purposes required by law	34,023		34,023		$ 23,799
Restricted securities, at cost	1,586		1,586		1,565
Available-for-sale Securities, Continuous Unrealized Loss Position, Fair Value	$ 42,149		42,149		69,147
Unrealized loss of available for sale securities			$ (418)		$ (803)

Loans (Schedule of Composition

Loans (Schedule of Composition of Loan Portfolio by Loan Classification) (Details) - USD ($) $ in Thousands	Sep. 30, 2015	Dec. 31, 2014
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans	$ 390,098	$ 313,254
Allowance for loan losses	(3,513)	(3,164)
Loans, net	386,585	310,090
Commercial and industrial - organic [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans	48,041	46,125
Commercial and industrial - syndicated [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans	24,027	14,815
Total commercial and industrial loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans	72,068	60,940
Residential construction [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans	1,025	337
Other construction and land [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans	18,108	11,575
Total construction and land [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans	19,133	11,912
1-4 family residential [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans	63,066	60,162
Home equity lines of credit [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans	28,713	25,498
Multifamily [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans	21,170	26,462
Commercial owner occupied [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans	58,678	60,868
Commercial non-owner occupied [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans	90,277	54,012
Total real estate mortgage [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans	261,904	227,002
Consumer revolving credit [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans	16,161	3,428
Consumer All Other Credit [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans	10,308	$ 9,972
Student Loans Purchased [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans	10,524
Total Consumer [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans	$ 36,993	$ 13,400

Loans (Impaired Loans by Loan C

Loans (Impaired Loans by Loan Classification) (Details) - USD ($) $ in Thousands	9 Months Ended	12 Months Ended
	Sep. 30, 2015	Dec. 31, 2014
Financing Receivable, Impaired [Line Items]
Recorded Investment, with a valuation allowance
Unpaid Principal Balance, with a valuation allowance
Associated Allowance, with a valuation allowance
Average Recorded Investment, with a valuation allowance
Interest Income Recognized, with a valuation allowance
Recorded Investment, total	$ 1,685	$ 1,697
Unpaid Principal Balance, total	$ 1,770	$ 1,757
Associated Allowance, total
Average Recorded Investment, total	$ 1,903	$ 1,736
Interest Income Recognized, total	54	80
Commercial and industrial - organic [Member]
Financing Receivable, Impaired [Line Items]
Recorded Investment, without a valuation allowance	47
Unpaid Principal Balance, without a valuation allowance	$ 65
Associated Allowance, without a valuation allowance
Average Recorded Investment, without a valuation allowance	$ 5
Interest Income Recognized, without a valuation allowance
Other construction and land [Member]
Financing Receivable, Impaired [Line Items]
Recorded Investment, without a valuation allowance	$ 62	69
Unpaid Principal Balance, without a valuation allowance	$ 105	$ 109
Associated Allowance, without a valuation allowance
Average Recorded Investment, without a valuation allowance	$ 65	$ 79
Interest Income Recognized, without a valuation allowance		1
1-4 family residential mortgages [Member]
Financing Receivable, Impaired [Line Items]
Recorded Investment, without a valuation allowance	$ 504	525
Unpaid Principal Balance, without a valuation allowance	$ 528	$ 545
Associated Allowance, without a valuation allowance
Average Recorded Investment, without a valuation allowance	$ 747	$ 437
Interest Income Recognized, without a valuation allowance	19	$ 16
Home equity lines of credit [Member]
Financing Receivable, Impaired [Line Items]
Recorded Investment, without a valuation allowance
Unpaid Principal Balance, without a valuation allowance
Associated Allowance, without a valuation allowance
Average Recorded Investment, without a valuation allowance		$ 50
Interest Income Recognized, without a valuation allowance		3
Commercial owner occupied real estate [Member]
Financing Receivable, Impaired [Line Items]
Recorded Investment, without a valuation allowance		1,103
Unpaid Principal Balance, without a valuation allowance		$ 1,103
Associated Allowance, without a valuation allowance
Average Recorded Investment, without a valuation allowance		$ 1,124
Interest Income Recognized, without a valuation allowance		$ 60
Commercial non-owner occupied real estate [Member]
Financing Receivable, Impaired [Line Items]
Recorded Investment, without a valuation allowance	1,072
Unpaid Principal Balance, without a valuation allowance	$ 1,072
Associated Allowance, without a valuation allowance
Average Recorded Investment, without a valuation allowance	$ 1,086	$ 46
Interest Income Recognized, without a valuation allowance	$ 35

Loans (Non-Accrual Loans by Loa

Loans (Non-Accrual Loans by Loan Classification) (Details) - USD ($) $ in Thousands	Sep. 30, 2015	Dec. 31, 2014
Financing Receivable, Recorded Investment [Line Items]
Total nonaccrual loans	$ 245	$ 218
Commercial and industrial - organic [Member]
Financing Receivable, Recorded Investment [Line Items]
Total nonaccrual loans	47
Other construction and land [Member]
Financing Receivable, Recorded Investment [Line Items]
Total nonaccrual loans	62	$ 69
1-4 family residential mortgages [Member]
Financing Receivable, Recorded Investment [Line Items]
Total nonaccrual loans	$ 136	$ 149

Loans (Schedule of Troubled Deb

Loans (Schedule of Troubled Debt Restructurings) (Details) $ in Thousands	Sep. 30, 2015USD ($)	Dec. 31, 2014USD ($)
Financing Receivable, Recorded Investment [Line Items]
Number of loans	4	4
Total Troubled Debt Restructurings	$ 1,476	$ 1,518
Performing [Member]
Financing Receivable, Recorded Investment [Line Items]
Number of loans	3	3
Total Troubled Debt Restructurings	$ 1,440	$ 1,479
Performing [Member] | 1-4 family residential mortgages [Member]
Financing Receivable, Recorded Investment [Line Items]
Number of loans	2	2
Total Troubled Debt Restructurings	$ 368	$ 376
Performing [Member] | Commercial non-owner occupied real estate [Member]
Financing Receivable, Recorded Investment [Line Items]
Number of loans	1	1
Total Troubled Debt Restructurings	$ 1,072	$ 1,103
Nonperforming [Member] | Other construction and land [Member]
Financing Receivable, Recorded Investment [Line Items]
Number of loans	1	1
Total Troubled Debt Restructurings	$ 36	$ 39

Loans (Narrative) (Details)

Loans (Narrative) (Details) - USD ($) $ in Thousands	3 Months Ended
	Sep. 30, 2015	Jun. 30, 2015	Dec. 31, 2014
Loans [Abstract]
Other real estate owned, net of valuation allowance	$ 540		$ 1,177
Decrease in other real estate owned		$ (445)
Writedown of other real estate owned	$ 192

Allowance for Loan Losses (Loan

Allowance for Loan Losses (Loan Portfolio Designated by the Internal Risk Ratings Assigned to Each Credit) (Details) - USD ($) $ in Thousands	Sep. 30, 2015	Dec. 31, 2014
Financing Receivable, Recorded Investment [Line Items]
Loans	$ 390,098	$ 313,254
Excellent [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans	1,001	3,813
Good [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans	67,286	36,081
Pass [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans	313,301	268,484
Special Mention [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans	1,689	1,026
Sub-standard [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans	$ 6,821	$ 3,850
Doubtful [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans
Commercial and industrial - organic [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans	$ 48,041	$ 46,125
Commercial and industrial - organic [Member] | Excellent [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans	660	3,579
Commercial and industrial - organic [Member] | Good [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans	31,300	23,261
Commercial and industrial - organic [Member] | Pass [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans	$ 15,970	18,487
Commercial and industrial - organic [Member] | Special Mention [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans		64
Commercial and industrial - organic [Member] | Sub-standard [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans	$ 111	$ 734
Commercial and industrial - organic [Member] | Doubtful [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans
Commercial and industrial - syndicated [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans	$ 24,027	$ 14,815
Commercial and industrial - syndicated [Member] | Excellent [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans
Commercial and industrial - syndicated [Member] | Good [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans
Commercial and industrial - syndicated [Member] | Pass [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans	$ 21,057	$ 14,815
Commercial and industrial - syndicated [Member] | Special Mention [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans
Commercial and industrial - syndicated [Member] | Sub-standard [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans	$ 2,970
Commercial and industrial - syndicated [Member] | Doubtful [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans
Residential construction [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans	$ 1,025	$ 337
Residential construction [Member] | Excellent [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans
Residential construction [Member] | Good [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans
Residential construction [Member] | Pass [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans	$ 1,025	$ 337
Residential construction [Member] | Special Mention [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans
Residential construction [Member] | Sub-standard [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans
Residential construction [Member] | Doubtful [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans
Other construction and land [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans	$ 18,108	$ 11,575
Other construction and land [Member] | Excellent [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans
Other construction and land [Member] | Good [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans
Other construction and land [Member] | Pass [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans	$ 17,470	$ 10,903
Other construction and land [Member] | Special Mention [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans		507
Other construction and land [Member] | Sub-standard [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans	$ 638	$ 165
Other construction and land [Member] | Doubtful [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans
1-4 family residential [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans	$ 63,066	$ 60,162
1-4 family residential [Member] | Excellent [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans
1-4 family residential [Member] | Good [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans	$ 1,500	$ 1,910
1-4 family residential [Member] | Pass [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans	60,232	56,968
1-4 family residential [Member] | Special Mention [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans	618	455
1-4 family residential [Member] | Sub-standard [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans	$ 716	$ 829
1-4 family residential [Member] | Doubtful [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans
Home equity lines of credit [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans	$ 28,713	$ 25,498
Home equity lines of credit [Member] | Excellent [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans
Home equity lines of credit [Member] | Good [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans
Home equity lines of credit [Member] | Pass [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans	$ 28,631	$ 25,411
Home equity lines of credit [Member] | Special Mention [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans
Home equity lines of credit [Member] | Sub-standard [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans	$ 82	$ 87
Home equity lines of credit [Member] | Doubtful [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans
Multifamily [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans	$ 21,170	$ 26,462
Multifamily [Member] | Excellent [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans
Multifamily [Member] | Good [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans
Multifamily [Member] | Pass [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans	$ 21,170	$ 26,462
Multifamily [Member] | Special Mention [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans
Multifamily [Member] | Sub-standard [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans
Multifamily [Member] | Doubtful [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans
Commercial owner occupied [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans	$ 58,678	$ 60,868
Commercial owner occupied [Member] | Excellent [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans
Commercial owner occupied [Member] | Good [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans
Commercial owner occupied [Member] | Pass [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans	$ 57,562	$ 58,890
Commercial owner occupied [Member] | Special Mention [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans
Commercial owner occupied [Member] | Sub-standard [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans	$ 1,116	$ 1,978
Commercial owner occupied [Member] | Doubtful [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans
Commercial non-owner occupied [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans	$ 90,277	$ 54,012
Commercial non-owner occupied [Member] | Excellent [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans
Commercial non-owner occupied [Member] | Good [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans
Commercial non-owner occupied [Member] | Pass [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans	$ 88,067	$ 54,012
Commercial non-owner occupied [Member] | Special Mention [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans	1,071
Commercial non-owner occupied [Member] | Sub-standard [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans	$ 1,139
Commercial non-owner occupied [Member] | Doubtful [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans
Consumer revolving credit [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans	$ 16,161	$ 3,428
Consumer revolving credit [Member] | Excellent [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans	88	34
Consumer revolving credit [Member] | Good [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans	15,523	3,054
Consumer revolving credit [Member] | Pass [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans	$ 544	$ 332
Consumer revolving credit [Member] | Special Mention [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans
Consumer revolving credit [Member] | Sub-standard [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans	$ 6	$ 8
Consumer revolving credit [Member] | Doubtful [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans
Consumer All Other Credit [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans	$ 10,308	$ 9,972
Consumer All Other Credit [Member] | Excellent [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans	253	200
Consumer All Other Credit [Member] | Good [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans	8,439	7,856
Consumer All Other Credit [Member] | Pass [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans	$ 1,573	$ 1,867
Consumer All Other Credit [Member] | Special Mention [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans
Consumer All Other Credit [Member] | Sub-standard [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans	$ 43	$ 49
Consumer All Other Credit [Member] | Doubtful [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans
Student loans purchased [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans	$ 10,524
Student loans purchased [Member] | Excellent [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans
Student loans purchased [Member] | Good [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans	$ 10,524
Student loans purchased [Member] | Pass [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans
Student loans purchased [Member] | Special Mention [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans
Student loans purchased [Member] | Sub-standard [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans
Student loans purchased [Member] | Doubtful [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans

Allowance for Loan Losses (Narr

Allowance for Loan Losses (Narrative) (Details) - USD ($) $ in Thousands	Sep. 30, 2015	Dec. 31, 2014
Allowance for Loan Losses [Abstract]
Impaired loans	$ 1,685	$ 1,697

Allowance for Loan Losses (Summ

Allowance for Loan Losses (Summary of Transactions in Allowance for Loan Losses by Loan Portfolio Segment) (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended		12 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014	Dec. 31, 2014
Allowance for loan losses:
Beginning Balance			$ 3,164	$ 3,360	$ 3,360
Charge-offs			(129)		(551)
Recoveries			73		49
Provision for (recovery of) loan losses	$ 88		405	(118)	306
Ending Balance	$ 3,513		$ 3,513		$ 3,164
Ending balance: Individually evaluated for impairment
Ending balance: Collectively evaluated for impairment	$ 3,513		$ 3,513		$ 3,164
Financing Receivables:
Ending Balance	390,098		390,098		313,254
Individually evaluated for impairment	1,685		1,685		1,697
Collectively evaluated for impairment	388,413		388,413		311,557
Commercial Loan [Member]
Allowance for loan losses:
Beginning Balance			674	340	340
Charge-offs			(126)		(286)
Recoveries			27		32
Provision for (recovery of) loan losses			191		588
Ending Balance	$ 766		$ 766		$ 674
Ending balance: Individually evaluated for impairment
Ending balance: Collectively evaluated for impairment	$ 766		$ 766		$ 674
Financing Receivables:
Ending Balance	72,068		72,068		$ 60,940
Individually evaluated for impairment	47		47
Collectively evaluated for impairment	72,021		72,021		$ 60,940
Real Estate Construction [Member]
Allowance for loan losses:
Beginning Balance			$ 102	198	$ 198
Charge-offs
Recoveries
Provision for (recovery of) loan losses			$ 39		$ (96)
Ending Balance	$ 141		$ 141		$ 102
Ending balance: Individually evaluated for impairment
Ending balance: Collectively evaluated for impairment	$ 141		$ 141		$ 102
Financing Receivables:
Ending Balance	19,133		19,133		11,912
Individually evaluated for impairment	62		62		69
Collectively evaluated for impairment	19,071		19,071		11,843
Real Estate Mortgage [Member]
Allowance for loan losses:
Beginning Balance			$ 2,360	2,788	2,788
Charge-offs					(262)
Recoveries			$ 46		10
Provision for (recovery of) loan losses			179		(176)
Ending Balance	$ 2,585		$ 2,585		$ 2,360
Ending balance: Individually evaluated for impairment
Ending balance: Collectively evaluated for impairment	$ 2,585		$ 2,585		$ 2,360
Financing Receivables:
Ending Balance	261,904		261,904		227,002
Individually evaluated for impairment	1,576		1,576		1,628
Collectively evaluated for impairment	260,328		260,328		225,374
Total Consumer [Member]
Allowance for loan losses:
Beginning Balance			28	$ 34	34
Charge-offs			$ (3)		(3)
Recoveries					7
Provision for (recovery of) loan losses			$ (4)		(10)
Ending Balance	$ 21		$ 21		$ 28
Ending balance: Individually evaluated for impairment
Ending balance: Collectively evaluated for impairment	$ 21		$ 21		$ 28
Financing Receivables:
Ending Balance	$ 36,993		$ 36,993		$ 13,400
Individually evaluated for impairment
Collectively evaluated for impairment	$ 36,993		$ 36,993		$ 13,400

Allowance for Loan Losses (Sche

Allowance for Loan Losses (Schedule of Aging of Past Due Loans) (Details) - USD ($) $ in Thousands	Sep. 30, 2015	Dec. 31, 2014
Past Due and Non-Accrual Loans
Total Past Due	$ 315	$ 73
Current	389,783	313,181
Total Loans	390,098	$ 313,254
90 Days Past Due and Still Accruing	51
30-59 Days Past Due [Member]
Past Due and Non-Accrual Loans
Total Past Due	176	$ 19
90 Days or More Past Due [Member]
Past Due and Non-Accrual Loans
Total Past Due	98
60-89 Days Past Due [Member]
Past Due and Non-Accrual Loans
Total Past Due	41	$ 54
Commercial and industrial - organic [Member]
Past Due and Non-Accrual Loans
Total Past Due	47	6
Current	47,994	46,119
Total Loans	$ 48,041	$ 46,125
90 Days Past Due and Still Accruing
Commercial and industrial - organic [Member] | 30-59 Days Past Due [Member]
Past Due and Non-Accrual Loans
Total Past Due		$ 6
Commercial and industrial - organic [Member] | 90 Days or More Past Due [Member]
Past Due and Non-Accrual Loans
Total Past Due	$ 47
Commercial and industrial - organic [Member] | 60-89 Days Past Due [Member]
Past Due and Non-Accrual Loans
Total Past Due
Commercial and industrial - syndicated [Member]
Past Due and Non-Accrual Loans
Total Past Due
Current	$ 24,027	$ 14,815
Total Loans	$ 24,027	$ 14,815
90 Days Past Due and Still Accruing
Commercial and industrial - syndicated [Member] | 30-59 Days Past Due [Member]
Past Due and Non-Accrual Loans
Total Past Due
Commercial and industrial - syndicated [Member] | 90 Days or More Past Due [Member]
Past Due and Non-Accrual Loans
Total Past Due
Commercial and industrial - syndicated [Member] | 60-89 Days Past Due [Member]
Past Due and Non-Accrual Loans
Total Past Due
Residential construction [Member]
Past Due and Non-Accrual Loans
Total Past Due
Current	$ 1,025	$ 337
Total Loans	$ 1,025	$ 337
90 Days Past Due and Still Accruing
Residential construction [Member] | 30-59 Days Past Due [Member]
Past Due and Non-Accrual Loans
Total Past Due
Residential construction [Member] | 90 Days or More Past Due [Member]
Past Due and Non-Accrual Loans
Total Past Due
Residential construction [Member] | 60-89 Days Past Due [Member]
Past Due and Non-Accrual Loans
Total Past Due
Other construction and land [Member]
Past Due and Non-Accrual Loans
Total Past Due
Current	$ 18,108	$ 11,575
Total Loans	$ 18,108	$ 11,575
90 Days Past Due and Still Accruing
Other construction and land [Member] | 30-59 Days Past Due [Member]
Past Due and Non-Accrual Loans
Total Past Due
Other construction and land [Member] | 90 Days or More Past Due [Member]
Past Due and Non-Accrual Loans
Total Past Due
Other construction and land [Member] | 60-89 Days Past Due [Member]
Past Due and Non-Accrual Loans
Total Past Due
1-4 family residential [Member]
Past Due and Non-Accrual Loans
Total Past Due	$ 59	$ 24
Current	63,007	60,138
Total Loans	63,066	$ 60,162
90 Days Past Due and Still Accruing	$ 23
1-4 family residential [Member] | 30-59 Days Past Due [Member]
Past Due and Non-Accrual Loans
Total Past Due
1-4 family residential [Member] | 90 Days or More Past Due [Member]
Past Due and Non-Accrual Loans
Total Past Due	$ 23
1-4 family residential [Member] | 60-89 Days Past Due [Member]
Past Due and Non-Accrual Loans
Total Past Due	36	$ 24
Home equity lines of credit [Member]
Past Due and Non-Accrual Loans
Total Past Due	12
Current	28,701	$ 25,498
Total Loans	$ 28,713	$ 25,498
90 Days Past Due and Still Accruing
Home equity lines of credit [Member] | 30-59 Days Past Due [Member]
Past Due and Non-Accrual Loans
Total Past Due	$ 12
Home equity lines of credit [Member] | 90 Days or More Past Due [Member]
Past Due and Non-Accrual Loans
Total Past Due
Home equity lines of credit [Member] | 60-89 Days Past Due [Member]
Past Due and Non-Accrual Loans
Total Past Due
Multifamily [Member]
Past Due and Non-Accrual Loans
Total Past Due
Current	$ 21,170	$ 26,462
Total Loans	$ 21,170	$ 26,462
90 Days Past Due and Still Accruing
Multifamily [Member] | 30-59 Days Past Due [Member]
Past Due and Non-Accrual Loans
Total Past Due
Multifamily [Member] | 90 Days or More Past Due [Member]
Past Due and Non-Accrual Loans
Total Past Due
Multifamily [Member] | 60-89 Days Past Due [Member]
Past Due and Non-Accrual Loans
Total Past Due
Commercial owner occupied [Member]
Past Due and Non-Accrual Loans
Total Past Due
Current	$ 58,678	$ 60,868
Total Loans	$ 58,678	$ 60,868
90 Days Past Due and Still Accruing
Commercial owner occupied [Member] | 30-59 Days Past Due [Member]
Past Due and Non-Accrual Loans
Total Past Due
Commercial owner occupied [Member] | 90 Days or More Past Due [Member]
Past Due and Non-Accrual Loans
Total Past Due
Commercial owner occupied [Member] | 60-89 Days Past Due [Member]
Past Due and Non-Accrual Loans
Total Past Due
Commercial non-owner occupied real estate [Member]
Past Due and Non-Accrual Loans
Total Past Due
Current	$ 90,277	$ 54,012
Total Loans	$ 90,277	$ 54,012
90 Days Past Due and Still Accruing
Commercial non-owner occupied real estate [Member] | 30-59 Days Past Due [Member]
Past Due and Non-Accrual Loans
Total Past Due
Commercial non-owner occupied real estate [Member] | 90 Days or More Past Due [Member]
Past Due and Non-Accrual Loans
Total Past Due
Commercial non-owner occupied real estate [Member] | 60-89 Days Past Due [Member]
Past Due and Non-Accrual Loans
Total Past Due
Consumer revolving credit [Member]
Past Due and Non-Accrual Loans
Total Past Due	$ 34	$ 1
Current	16,127	3,427
Total Loans	$ 16,161	$ 3,428
90 Days Past Due and Still Accruing
Consumer revolving credit [Member] | 30-59 Days Past Due [Member]
Past Due and Non-Accrual Loans
Total Past Due	$ 34	$ 1
Consumer revolving credit [Member] | 90 Days or More Past Due [Member]
Past Due and Non-Accrual Loans
Total Past Due
Consumer revolving credit [Member] | 60-89 Days Past Due [Member]
Past Due and Non-Accrual Loans
Total Past Due
Consumer All Other Credit [Member]
Past Due and Non-Accrual Loans
Total Past Due	$ 3	$ 42
Current	10,305	9,930
Total Loans	$ 10,308	$ 9,972
90 Days Past Due and Still Accruing
Consumer All Other Credit [Member] | 30-59 Days Past Due [Member]
Past Due and Non-Accrual Loans
Total Past Due	$ 3	$ 12
Consumer All Other Credit [Member] | 90 Days or More Past Due [Member]
Past Due and Non-Accrual Loans
Total Past Due
Consumer All Other Credit [Member] | 60-89 Days Past Due [Member]
Past Due and Non-Accrual Loans
Total Past Due		$ 30
Student loans purchased [Member]
Past Due and Non-Accrual Loans
Total Past Due	$ 160
Current	10,364
Total Loans	10,524
90 Days Past Due and Still Accruing	28
Student loans purchased [Member] | 30-59 Days Past Due [Member]
Past Due and Non-Accrual Loans
Total Past Due	127
Student loans purchased [Member] | 90 Days or More Past Due [Member]
Past Due and Non-Accrual Loans
Total Past Due	28
Student loans purchased [Member] | 60-89 Days Past Due [Member]
Past Due and Non-Accrual Loans
Total Past Due	$ 5

Earnings Per Share (Details)

Earnings Per Share (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Basic earnings per share
Net Income	$ 839	$ 382	$ 2,021	$ 1,333
Weighted Average Shares	2,435,874	2,697,674	2,566,308	2,694,487
Per Share Amount	$ 0.34	$ 0.14	$ 0.79	$ 0.49
Effect of dilutive stock options	9,806	14,875	9,609	10,870
Diluted earnings per share
Net Income	$ 839	$ 382	$ 2,021	$ 1,333
Weighted Average Shares	2,445,680	2,712,549	2,575,917	2,705,357
Per Share Amount	$ 0.34	$ 0.14	$ 0.79	$ 0.49

Earnings Per Share (Narrative)

Earnings Per Share (Narrative) (Details) - $ / shares	9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 22, 2014
Earnings Per Share [Line item]
Authorized stock repurchase	134,788		400,000
Shares repurchased	265,212
Weighted average share price	$ 22.89
Stock options [Member]
Earnings Per Share [Line item]
Securities considered to be anti-dilutive and excluded from earnings per share calculation	124,754	111,260

Stock Compensation Plans (Summa

Stock Compensation Plans (Summary of Shares Issued and Available Under Each Plans) (Details)	9 Months Ended
	Sep. 30, 2015$ / sharesshares
1998 Stock Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Aggregate shares issuable	430,100
Options issued, net of forfeited and expired options	(379,939)
Cancelled due to Plan expiration	(50,161)
Remaining available for grant
Total vested and unvested shares
Fully vested shares
2003 Stock Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Aggregate shares issuable	128,369
Options issued, net of forfeited and expired options	(108,054)
Cancelled due to Plan expiration	(20,315)
Remaining available for grant
Total vested and unvested shares	30,214
Fully vested shares	30,214
2003 Stock Plan [Member] | Minimum [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Exercise price per share | $ / shares	$ 15.65
2003 Stock Plan [Member] | Maximum [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Exercise price per share | $ / shares	$ 18.26
2005 Stock Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Aggregate shares issuable	230,000
Options issued, net of forfeited and expired options	(142,947)
Cancelled due to Plan expiration	(87,053)
Remaining available for grant
Total vested and unvested shares	140,304
Fully vested shares	134,054
2005 Stock Plan [Member] | Minimum [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Exercise price per share | $ / shares	$ 11.74
2005 Stock Plan [Member] | Maximum [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Exercise price per share | $ / shares	$ 36.74
2014 Stock Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Aggregate shares issuable	250,000
Options issued, net of forfeited and expired options
Cancelled due to Plan expiration
Remaining available for grant	250,000
Total vested and unvested shares
Fully vested shares

Stock Compensation Plans (Plan

Stock Compensation Plans (Plan duration - Narrative) (Details) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Unrecognized compensation expense related to the non-vested awards	$ 43
Employee stock Option [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Compensation expense	$ 22	$ 38
Restricted Stock [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Compensation expense		$ 3
Maximum [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Plan duration	10 years

Stock Compensation Plans (Chang

Stock Compensation Plans (Changes in the Stock Options Outstanding) (Details) - Employee stock Option [Member] $ / shares in Units, $ in Thousands	9 Months Ended
	Sep. 30, 2015USD ($)$ / sharesshares
Number of Options
Outstanding, at the beginning | shares	180,796
Forfeited | shares	(9,028)
Exercised | shares	(1,250)
Outstanding, at the end | shares	170,518
Options Exercisable | shares	164,268
Weighted Average Exercise Price
Outstanding, at the beginning	$ 25.86
Forfeited	24.46
Exercised	18.10
Outstanding, at the end	25.99
Exercisable	$ 26.33
Aggregate Intrinsic Value
Outstanding, at the beginning | $	$ 271
Outstanding at end | $	259
Exercisable | $	$ 222

Stock Compensation Plans (Optio

Stock Compensation Plans (Options and Restricted stock - Narrative) (Details)	3 Months Ended
	Mar. 31, 2014shares
Employee stock Option [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Options Granted	5,000

Stock Compensation Plans (Sum46

Stock Compensation Plans (Summary Information Pertaining to Options Outstanding) (Details)	9 Months Ended
	Sep. 30, 2015$ / sharesshares
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items]
Options Outstanding | shares	170,518
Weighted-Average Remaining Contractual Life	2 years 4 months 24 days
Weighted Average Exercise Price	$ 25.99
Options Exercisable | shares	164,268
Weighted-Average Exercise Price	$ 26.33
$11.74 to 20.00 [Member]
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items]
Exercise Price, Minimum	11.74
Exercise Price, Maximum	$ 20
Options Outstanding | shares	45,764
Weighted-Average Remaining Contractual Life	4 years 8 months 12 days
Weighted Average Exercise Price	$ 17.17
Options Exercisable | shares	39,514
Weighted-Average Exercise Price	$ 17.22
$20.01 to 30.00 [Member]
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items]
Exercise Price, Minimum	20.01
Exercise Price, Maximum	$ 30
Options Outstanding | shares	58,514
Weighted-Average Remaining Contractual Life	2 years 4 months 24 days
Weighted Average Exercise Price	$ 24.83
Options Exercisable | shares	58,514
Weighted-Average Exercise Price	$ 24.83
$30.01 to 36.74 [Member]
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items]
Exercise Price, Minimum	30.01
Exercise Price, Maximum	$ 36.74
Options Outstanding | shares	66,240
Weighted-Average Remaining Contractual Life	8 months 12 days
Weighted Average Exercise Price	$ 33.10
Options Exercisable | shares	66,240
Weighted-Average Exercise Price	$ 33.10

Fair Value Measurements (Assets

Fair Value Measurements (Assets Measured at Fair Value on Recurring Basis) (Details) - USD ($) $ in Thousands	Sep. 30, 2015	Dec. 31, 2014
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets measured at fair value on a recurring basis	$ 115,460	$ 141,816
U.S. Government agencies [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets measured at fair value on a recurring basis	19,942	31,528
Corporate bonds [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets measured at fair value on a recurring basis	11,139	21,276
Asset-backed securities [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets measured at fair value on a recurring basis	2,098	2,105
Mortgage-backed securities/CMOs [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets measured at fair value on a recurring basis	59,586	63,220
Municipal bonds [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets measured at fair value on a recurring basis	$ 22,695	$ 23,687
Quoted Prices in Active Markets for Identical Assets (Level 1) [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets measured at fair value on a recurring basis
Quoted Prices in Active Markets for Identical Assets (Level 1) [Member] | U.S. Government agencies [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets measured at fair value on a recurring basis
Quoted Prices in Active Markets for Identical Assets (Level 1) [Member] | Corporate bonds [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets measured at fair value on a recurring basis
Quoted Prices in Active Markets for Identical Assets (Level 1) [Member] | Asset-backed securities [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets measured at fair value on a recurring basis
Quoted Prices in Active Markets for Identical Assets (Level 1) [Member] | Mortgage-backed securities/CMOs [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets measured at fair value on a recurring basis
Quoted Prices in Active Markets for Identical Assets (Level 1) [Member] | Municipal bonds [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets measured at fair value on a recurring basis
Significant Other Observable Inputs (Level 2) [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets measured at fair value on a recurring basis	$ 115,460	$ 141,816
Significant Other Observable Inputs (Level 2) [Member] | U.S. Government agencies [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets measured at fair value on a recurring basis	19,942	31,528
Significant Other Observable Inputs (Level 2) [Member] | Corporate bonds [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets measured at fair value on a recurring basis	11,139	21,276
Significant Other Observable Inputs (Level 2) [Member] | Asset-backed securities [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets measured at fair value on a recurring basis	2,098	2,105
Significant Other Observable Inputs (Level 2) [Member] | Mortgage-backed securities/CMOs [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets measured at fair value on a recurring basis	59,586	63,220
Significant Other Observable Inputs (Level 2) [Member] | Municipal bonds [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets measured at fair value on a recurring basis	$ 22,695	$ 23,687
Significant Unobservable Inputs (Level 3) [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets measured at fair value on a recurring basis
Significant Unobservable Inputs (Level 3) [Member] | U.S. Government agencies [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets measured at fair value on a recurring basis
Significant Unobservable Inputs (Level 3) [Member] | Corporate bonds [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets measured at fair value on a recurring basis
Significant Unobservable Inputs (Level 3) [Member] | Asset-backed securities [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets measured at fair value on a recurring basis
Significant Unobservable Inputs (Level 3) [Member] | Mortgage-backed securities/CMOs [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets measured at fair value on a recurring basis
Significant Unobservable Inputs (Level 3) [Member] | Municipal bonds [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets measured at fair value on a recurring basis

Fair Value Measurements (Asse48

Fair Value Measurements (Assets Measured at Fair Value on Nonrecurring Basis) (Details) - USD ($)	9 Months Ended
	Sep. 30, 2015	Dec. 31, 2014
Fair Value Measurements [Abstract]
Impaired loans	$ 1,685,000	$ 1,697,000
Other Real Estate Owned [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets measured at fair value on a non-recurring basis	$ 540,000	$ 1,177,000
Other Real Estate Owned [Member] | Quoted Prices in Active Markets for Identical Assets (Level 1) [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets measured at fair value on a non-recurring basis
Other Real Estate Owned [Member] | Significant Other Observable Inputs (Level 2) [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets measured at fair value on a non-recurring basis
Other Real Estate Owned [Member] | Significant Unobservable Inputs (Level 3) [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets measured at fair value on a non-recurring basis	$ 540,000	$ 1,177
Weighted Average	6.00%

Fair Value Measurements (Carryi

Fair Value Measurements (Carrying Values and Estimated Fair Values of Financial Instruments) (Details) - USD ($) $ in Thousands	Sep. 30, 2015	Dec. 31, 2014
Quoted Prices in Active Markets for Identical Assets (Level 1) [Member]
Assets
Cash and cash equivalent	$ 17,464	$ 54,107
Available for sale securities
Loans, net
Bank owned life insurance
Accrued interest receivable
Liabilities
Demand deposits and interest-bearing transaction and money market accounts
Certificates of deposit
Securities sold under agreements to repurchase
Accrued interest payable
Significant Other Observable Inputs (Level 2) [Member]
Assets
Cash and cash equivalent
Available for sale securities	$ 115,460	$ 141,816
Loans, net
Bank owned life insurance	$ 13,364	$ 13,034
Accrued interest receivable	467	566
Liabilities
Demand deposits and interest-bearing transaction and money market accounts	358,813	339,625
Certificates of deposit	115,914	117,189
Securities sold under agreements to repurchase	19,436	17,995
Accrued interest payable	$ 111	$ 117
Significant Unobservable Inputs (Level 3) [Member]
Assets
Cash and cash equivalent
Available for sale securities
Loans, net	$ 379,167	$ 310,806
Bank owned life insurance
Accrued interest receivable	$ 832	$ 730
Liabilities
Demand deposits and interest-bearing transaction and money market accounts
Certificates of deposit
Securities sold under agreements to repurchase
Accrued interest payable
Carrying Value [Member]
Assets
Cash and cash equivalent	$ 17,464	$ 54,107
Available for sale securities	115,460	141,816
Loans, net	386,585	310,090
Bank owned life insurance	13,364	13,034
Accrued interest receivable	1,299	1,296
Liabilities
Demand deposits and interest-bearing transaction and money market accounts	358,813	339,625
Certificates of deposit	112,832	117,094
Securities sold under agreements to repurchase	19,436	17,995
Accrued interest payable	111	117
Fair Value [Member]
Assets
Cash and cash equivalent	17,464	54,107
Available for sale securities	115,460	141,816
Loans, net	379,167	310,806
Bank owned life insurance	13,364	13,034
Accrued interest receivable	1,299	1,296
Liabilities
Demand deposits and interest-bearing transaction and money market accounts	358,813	339,625
Certificates of deposit	115,914	117,189
Securities sold under agreements to repurchase	19,436	17,995
Accrued interest payable	$ 111	$ 117

Other Comprehensive Income (Sch

Other Comprehensive Income (Schedule of Amounts Reclassified Out of Accumulated Other Comprehensive Income (Loss)) (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Available-for-sale securities
Realized gains on sales of securities	$ 23		$ 69	$ 16
Tax effect	(8)		(23)	(5)
Realized gains, net of tax	$ 15		$ 46	$ 11

Segment Reporting (Narrative) (

Segment Reporting (Narrative) (Details) $ in Thousands	9 Months Ended
	Sep. 30, 2015USD ($)	Sep. 30, 2014USD ($)
Segment Reporting [Abstract]
Number of reportable segments	2
VNB Wealth [Member]
Segment Reporting Information [Line Items]
Management fees	$ 101	$ 188

Segment Reporting (Schedule of

Segment Reporting (Schedule of Segment Reporting Information) (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended		12 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014	Dec. 31, 2014
Segment Reporting Information [Line Items]
Net interest income	$ 4,176	$ 3,577	$ 11,929	$ 10,797
Provision for (recovery of) loan losses	88		405	(118)	$ 306
Non-interest income	1,222	$ 1,155	3,661	3,382
Non-interest expense	4,144	4,256	12,437	12,695
Income (loss) before income taxes	1,166	476	2,748	1,602
Provision for (benefit of) income taxes	327	94	727	269
Net income (loss)	839	382	2,021	1,333
Total assets	548,773	508,011	548,773	508,011	$ 537,053
Bank [Member]
Segment Reporting Information [Line Items]
Net interest income	4,170	$ 3,570	11,910	10,771
Provision for (recovery of) loan losses	88		405	(118)
Non-interest income	761	$ 667	2,225	1,874
Non-interest expense	3,419	3,572	10,213	10,667
Income (loss) before income taxes	1,424	665	3,517	2,096
Provision for (benefit of) income taxes	414	158	986	435
Net income (loss)	1,010	507	2,531	1,661
Total assets	538,836	498,061	538,836	498,061
VNB Wealth [Member]
Segment Reporting Information [Line Items]
Net interest income	$ 6	$ 7	$ 19	$ 26
Provision for (recovery of) loan losses
Non-interest income	$ 461	$ 488	$ 1,436	$ 1,508
Non-interest expense	725	684	2,224	2,028
Income (loss) before income taxes	(258)	(189)	(769)	(494)
Provision for (benefit of) income taxes	(87)	(64)	(259)	(166)
Net income (loss)	(171)	(125)	(510)	(328)
Total assets	$ 9,937	$ 9,950	$ 9,937	$ 9,950