Virginia National Bankshares (VABK) 10-Q 14 Nov 16 2016 Q3 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	9 Months Ended
	Sep. 30, 2016	Nov. 09, 2016
Document and Entity Information [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Sep. 30, 2016
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	2,016
Document Fiscal Period Focus	Q3
Entity Filer Category	Smaller Reporting Company
Entity Common Stock, Shares Outstanding		2,368,777

CONSOLIDATED BALANCE SHEETS

CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Sep. 30, 2016	Dec. 31, 2015
ASSETS
Cash and due from banks	$ 9,103	$ 14,200
Federal funds sold	32,925	29,327
Securities:
Available for sale, at fair value	70,447	74,801
Restricted securities, at cost	1,709	1,681
Total securities	72,156	76,482
Loans	430,889	423,664
Allowance for loan losses	(3,278)	(3,567)
Loans, net	427,611	420,097
Premises and equipment, net	8,245	8,668
Bank owned life insurance	13,807	13,476
Goodwill	372
Other intangible assets, net	705
Accrued interest receivable and other assets	4,615	5,241
Total assets	569,539	567,491
Demand deposits:
Noninterest-bearing	176,063	184,574
Interest-bearing	91,808	90,100
Money market deposit accounts	114,903	103,175
Certificates of deposit and other time deposits	112,405	108,618
Total deposits	495,179	486,467
Securities sold under agreements to repurchase	13,540	23,156
Accrued interest payable and other liabilities	1,542	1,571
Total liabilities	510,261	511,194
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; 2,368,777 and 2,412,589 issued and outstanding at September 30, 2016 and December 31, 2015, respectively	5,922	6,031
Capital surplus	21,262	22,214
Retained earnings	31,581	28,170
Accumulated other comprehensive income (loss)	513	(118)
Total shareholders' equity	59,278	56,297
Total liabilities and shareholders' equity	$ 569,539	$ 567,491

CONSOLIDATED BALANCE SHEETS (Pa

CONSOLIDATED BALANCE SHEETS (Parenthetical) - $ / shares	Sep. 30, 2016	Dec. 31, 2015
Statement of Financial Position [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	2,368,777	2,412,589
Common stock, shares outstanding	2,368,777	2,412,589

CONSOLIDATED STATEMENTS OF INCO

CONSOLIDATED STATEMENTS OF INCOME - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2016	Sep. 30, 2015
Interest and dividend income:
Loans, including fees	$ 4,385	$ 3,832	$ 13,012	$ 10,623
Federal funds sold	45	13	101	42
Investment securities:
Taxable	237	452	762	1,584
Tax exempt	78	108	242	333
Dividends	23	21	67	62
Other	3	4	7	17
Total interest and dividend income	4,771	4,430	14,191	12,661
Interest expense:
Demand and savings deposits	68	68	203	183
Certificates and other time deposits	157	174	474	512
Federal funds purchased and securities sold under agreements to repurchase	9	12	33	37
Total interest expense	234	254	710	732
Net interest income	4,537	4,176	13,481	11,929
Provision for (recovery of) loan losses	104	88	(291)	405
Net interest income after provision for (recovery of) loan losses	4,433	4,088	13,772	11,524
Noninterest income:
Trust income	388	410	1,174	1,304
Brokerage and insurance income	106	2	287	26
Royalty income	11	48	20	129
Customer service fees	240	247	686	714
Debit/credit card and ATM fees	223	207	653	606
Earnings/increase in value of bank owned life insurance	111	112	331	330
Fees on mortgage sales	41	56	156	150
Gains on sales and calls of securities	181	23	189	69
Gains (losses) on sales of other assets	6		(21)
Other	106	117	312	333
Total noninterest income	1,413	1,222	3,787	3,661
Noninterest expense:
Salaries and employee benefits	1,939	2,162	5,704	6,693
Net occupancy	465	483	1,413	1,462
Equipment	134	138	401	404
Other	1,283	1,361	3,859	3,878
Total noninterest expense	3,821	4,144	11,377	12,437
Income before income taxes	2,025	1,166	6,182	2,748
Provision for income taxes	629	327	1,921	727
Net income	$ 1,396	$ 839	$ 4,261	$ 2,021
Net income per common share, basic	$ 0.59	$ 0.34	$ 1.80	$ 0.79
Net income per common share, diluted	$ 0.59	$ 0.34	$ 1.79	$ 0.79

CONSOLIDATED STATEMENTS OF COMP

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2016	Sep. 30, 2015
Statement of Comprehensive Income [Abstract]
Net income	$ 1,396	$ 839	$ 4,261	$ 2,021
Other comprehensive income (loss)
Unrealized gain on securities, net of tax of $54 and $388 for the three and nine months ended September 30, 2016; and net of tax of $322 and $126 for the three and nine months ended September 30, 2015	104	626	756	247
Reclassification adjustment for realized gains on sales of securities, net of tax of ($62) and ($64) for the three and nine months ended September 30, 2016; and net of tax of ($8) and ($23) for the three and nine months ended September 30, 2015	(119)	(15)	(125)	(46)
Total other comprehensive income (loss)	(15)	611	631	201
Total comprehensive income	$ 1,381	$ 1,450	$ 4,892	$ 2,222

CONSOLIDATED STATEMENTS OF COM6

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (Parenthetical) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2016	Sep. 30, 2015
Statement of Comprehensive Income [Abstract]
Change in unrealized losses on available-for-sale securities, tax	$ 54	$ 322	$ 388	$ 126
Reclassification adjustment, tax	$ (62)	$ (8)	$ (64)	$ (23)

CONSOLIDATED STATEMENTS OF CHAN

CONSOLIDATED STATEMENTS OF CHANGES IN SHAREHOLDERS' EQUITY - USD ($) $ in Thousands	Common Stock [Member]	Capital Surplus [Member]	Retained Earnings [Member]	Accumulated Other Comprehensive Income (Loss) [Member]	Total
Balance at Dec. 31, 2014	$ 6,721	$ 27,889	$ 25,978	$ 44	$ 60,632
Stock options exercised	3	20			23
Stock purchased under stock repurchase plan	(634)	(5,174)			(5,808)
Stock option expense		22			22
Cash dividend declared ($0.275 and $0.36 per share for the nine months ended September 30, 2015 and 2016 respectively)			(689)		(689)
Net income			2,021		2,021
Other comprehensive income (loss)				201	201
Balance at Sep. 30, 2015	6,090	22,757	27,310	245	56,402
Balance at Dec. 31, 2015	6,031	22,214	28,170	(118)	56,297
Stock options exercised	28	151			179
Stock purchased under stock repurchase plan	(137)	(1,123)			(1,260)
Stock option expense		20			20
Cash dividend declared ($0.275 and $0.36 per share for the nine months ended September 30, 2015 and 2016 respectively)			(850)		(850)
Net income			4,261		4,261
Other comprehensive income (loss)				631	631
Balance at Sep. 30, 2016	$ 5,922	$ 21,262	$ 31,581	$ 513	$ 59,278

CONSOLIDATED STATEMENTS OF CHA8

CONSOLIDATED STATEMENTS OF CHANGES IN SHAREHOLDERS' EQUITY (Parenthetical) - $ / shares	9 Months Ended
	Sep. 30, 2016	Sep. 30, 2015
Statement of Stockholders' Equity [Abstract]
Cash dividend declared, per share	$ 0.36	$ 0.275

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2016	Sep. 30, 2015
CASH FLOWS FROM OPERATING ACTIVITIES:
Net income	$ 4,261	$ 2,021
Adjustments to reconcile net income to net cash provided by operating activities:
Provision for (recovery of) loan losses	(291)	405
Net amortization and accretion of securities	335	571
Realized gains on sales and calls of securities	(189)	(69)
Net losses on sales of assets	21
Earnings on bank owned life insurance	(331)	(330)
Amortization of Intangible Assets	68
Depreciation and other amortization	879	876
Stock option/stock grant expense	20	22
Writedown of other real estate owned		192
Decrease in accrued interest receivable and other assets	302	797
Decrease in accrued interest payable and other liabilities	(540)	(417)
Net cash provided by operating activities	4,535	4,068
CASH FLOWS FROM INVESTING ACTIVITIES:
Purchases of available for sale securities	(18,982)	(26,770)
Net increase in restricted investments	(28)	(21)
Proceeds from maturities, calls and principal payments of available for sale securities	21,473	35,436
Proceeds from sales of available for sale securities	2,672	17,492
Proceeds from sales of other real estate owned		445
Net increase in organic loans	(14,545)	(57,164)
Net decrease (increase) in purchased loans	7,322	(19,736)
Cash payment for wealth management book of business	(700)
Purchase of bank premises and equipment	(477)	(286)
Net cash used in investing activities	(3,265)	(50,604)
CASH FLOWS FROM FINANCING ACTIVITIES:
Net increase in demand deposits, NOW accounts, and money market accounts	4,925	19,188
Net increase (decrease) in certificates of deposit and other time deposits	3,787	(4,262)
Net (decrease) increase in securities sold under agreements to repurchase	(9,616)	1,441
Common stock repurchased	(1,260)	(5,808)
Proceeds from stock options exercised	179	23
Cash dividends	(784)	(689)
Net cash (used in) provided by financing activities	(2,769)	9,893
NET DECREASE IN CASH AND CASH EQUIVALENTS	(1,499)	(36,643)
CASH AND CASH EQUIVALENTS:
Beginning of period	43,527	54,107
End of period	42,028	17,464
SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION
Cash payments for interest	708	738
Cash payments for taxes	2,029	904
SUPPLEMENTAL SCHEDULE OF NONCASH INVESTING AND FINANCING ACTIVITIES
Unrealized gain on available for sale securities	$ 955	$ 304

Significant Accounting Policies

Significant Accounting Policies	9 Months Ended
	Sep. 30, 2016
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, 2016 are not necessarily indicative of the results that may be expected for the year ending December 31, 2016. 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, 2015. If needed, certain previously reported amounts have been reclassified to conform to current period presentation. No such reclassifications were significant. Recent Accounting Pronouncements In August 2014, the FASB issued ASU No. 2014-15, “Presentation of Financial Statements – Going Concern (Subtopic 205-40): Disclosure of Uncertainties about an Entity’s Ability to Continue as a Going Concern.” This update is intended to provide guidance about management’s responsibility to evaluate whether there is substantial doubt about an entity’s ability to continue as a going concern and to provide related footnote disclosures. Management is required under the new guidance to evaluate whether there are conditions or events, considered in the aggregate, that raise substantial doubt about the entity’s ability to continue as a going concern within one year after the date the financial statements are issued when preparing financial statements for each interim and annual reporting period. If conditions or events are identified, the ASU specifies the process that must be followed by management and also clarifies the timing and content of going concern footnote disclosures in order to reduce diversity in practice. The amendments in this ASU are effective for annual periods and interim periods within those annual periods beginning after December 15, 2016. Early adoption is permitted. The Company does not expect the adoption of ASU 2014-15 to have a material impact on its consolidated financial statements. In January 2016, the FASB issued ASU 2016-01, “Financial Instruments – Overall (Subtopic 825-10): Recognition and Measurement of Financial Assets and Financial Liabilities.” The amendments in ASU 2016-01, among other things: 1) require equity investments (except those accounted for under the equity method of accounting, or those that result in consolidation of the investee) to be measured at fair value with changes in fair value recognized in net income; 2) require public business entities to use the exit price notion when measuring the fair value of financial instruments for disclosure purposes; 3) require separate presentation of financial assets and financial liabilities by measurement category and form of financial asset (i.e., securities or loans and receivables); and 4) eliminate the requirement for public business entities to disclose the method(s) and significant assumptions used to estimate the fair value that is required to be disclosed for financial instruments measured at amortized cost. The amendments in this ASU are effective for public companies for fiscal years beginning after December 15, 2017, including interim periods within those fiscal years. The Company is currently assessing the impact that ASU 2016-01 will have on its consolidated financial statements. In February 2016, the FASB issued ASU No. 2016-02, “Leases (Topic 842).” Among other things, in the amendments in ASU 2016-02, lessees will be required to recognize the following for all leases (with the exception of short-term leases) at the commencement date: (1) a lease liability, which is a lessee‘s obligation to make lease payments arising from a lease, measured on a discounted basis; and (2) a right-of-use asset, which is an asset that represents the lessee’s right to use, or control the use of, a specified asset for the lease term. Under the new guidance, lessor accounting is largely unchanged. Certain targeted improvements were made to align, where necessary, lessor accounting with the lessee accounting model and Topic 606, Revenue from Contracts with Customers. The amendments in this ASU are effective for fiscal years beginning after December 15, 2018, including interim periods within those fiscal years. Early application is permitted upon issuance. Lessees (for capital and operating leases) and lessors (for sales-type, direct financing, and operating leases) must apply a modified retrospective transition approach for leases existing at, or entered into after, the beginning of the earliest comparative period presented in the financial statements. The modified retrospective approach would not require any transition accounting for leases that expired before the earliest comparative period presented. Lessees and lessors may not apply a full retrospective transition approach. The Company is currently assessing the impact that ASU 2016-02 will have on its consolidated financial statements. During March 2016, the FASB issued ASU No. 2016-05, “Derivatives and Hedging (Topic 815): Effect of Derivative Contract Novations on Existing Hedge Accounting Relationships.” The amendments in this ASU clarify that a change in the counterparty to a derivative instrument that has been designated as the hedging instrument does not, in and of itself, require dedesignation of that hedging relationship provided that all other hedge accounting criteria remain intact. The amendments are effective for public business entities for financial statements issued for fiscal years beginning after December 15, 2016, and interim periods within those fiscal years. Early adoption is permitted, including adoption in an interim period. The Company does not expect the adoption of ASU 2016-05 to have a material impact on its consolidated financial statements. In March 2016, the FASB issued ASU No. 2016-07, “Investments – Equity Method and Joint Ventures (Topic 323): Simplifying the Transition to the Equity Method of Accounting.” The amendments in this ASU eliminate the requirement that when an investment qualifies for use of the equity method as a result of an increase in the level of ownership interest or degree of influence, an investor must adjust the investment, results of operations, and retained earnings retroactively on a step-by-step basis as if the equity method had been in effect during all previous periods that the investment had been held. The amendments require that the equity method investor add the cost of acquiring the additional interest in the investee to the current basis of the investor’s previously held interest and adopt the equity method of accounting as of the date the investment becomes qualified for equity method accounting. Therefore, upon qualifying for the equity method of accounting, no retroactive adjustment of the investment is required. In addition, the amendments in this ASU require that an entity that has an available-for-sale equity security that becomes qualified for the equity method of accounting recognize through earnings the unrealized holding gain or loss in accumulated other comprehensive income at the date the investment becomes qualified for use of the equity method. The amendments are effective for all entities for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2016. The amendments should be applied prospectively upon their effective date to increases in the level of ownership interest or degree of influence that result in the adoption of the equity method. Early Adoption is permitted. The Company does not expect the adoption of ASU 2016-07 to have a material impact on its consolidated financial statements. During March 2016, the FASB issued ASU No. 2016-09, “Compensation – Stock Compensation (Topic 718): Improvements to Employee Share-Based Payment Accounting.” The amendments in this ASU simplify several aspects of the accounting for share-based payment award transactions including: (a) income tax consequences; (b) classification of awards as either equity or liabilities; and (c) classification on the statement of cash flows. The amendments are effective for public companies for annual periods beginning after December 15, 2016, and interim periods within those annual periods. The Company is currently assessing the impact that ASU 2016-09 will have on its consolidated financial statements. During June 2016, the FASB issued ASU No. 2016-13, “Financial Instruments – Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments.” The amendments in this ASU, among other things, require the measurement of all expected credit losses for financial assets held at the reporting date based on historical experience, current conditions, and reasonable and supportable forecasts. Financial institutions and other organizations will use forward-looking information to better inform their credit loss estimates. Many of the loss estimation techniques applied today will still be permitted, although the inputs to those techniques will change to reflect the full amount of expected credit losses. In addition, the ASU amends the accounting for credit losses on available-for-sale debt securities and purchased financial assets with credit deterioration. The amendments in this ASU are effective for SEC filers for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2019. The Company is currently assessing the impact that ASU 2016-13 will have on its consolidated financial statements. During August 2016, the FASB issued ASU No. 2016-15, “Statement of Cash Flows (Topic 230): Classification of Certain Cash Receipts and Cash Payments,” to address diversity in how certain cash receipts and cash payments are presented and classified in the statement of cash flows. The amendments are effective for public business entities for fiscal years beginning after December 15, 2017, and interim periods within those fiscal years. The amendments should be applied using a retrospective transition method to each period presented. If retrospective application is impractical for some of the issues addressed by the update, the amendments for those issues would be applied prospectively as of the earliest date practicable. Early adoption is permitted, including adoption in an interim period. The Company does not expect the adoption of ASU 2016-15 to have a material impact on its consolidated financial statements.

Securities

Securities	9 Months Ended
	Sep. 30, 2016
Investments, Debt and Equity Securities [Abstract]
Securities	Note 2. Securities The amortized cost and fair values of securities available for sale as of September 30, 2016 and December 31, 2015 were as follows (dollars in thousands): September 30, 2016 Amortized Gross Unrealized Gross Unrealized Fair Cost Gains (Losses) Value U.S. Government agencies $ 14,998 $ 6 $ (49 ) $ 14,955 Corporate bonds 6,016 110 - 6,126 Mortgage-backed securities/CMOs 31,197 327 (27 ) 31,497 Municipal bonds 17,459 411 (1 ) 17,869 $ 69,670 $ 854 $ (77 ) $ 70,447 December 31, 2015 Amortized Gross Unrealized Gross Unrealized Fair Cost Gains (Losses) Value U.S. Government agencies $ 11,260 $ 137 $ (19 ) $ 11,378 Corporate bonds 6,027 - (63 ) 5,964 Mortgage-backed securities/CMOs 37,077 60 (450 ) 36,687 Municipal bonds 20,615 250 (93 ) 20,772 $ 74,979 $ 447 $ (625 ) $ 74,801 As of September 30, 2016, there were $12.9 million, or 9 issues of individual securities, in a loss position. These securities have an unrealized loss of $77 thousand and consisted of 3 agency bonds, 5 mortgage-backed/CMOs, and 1 municipal bond. The following table summarizes all securities with unrealized losses, segregated by length of time in a continuous unrealized loss position, at September 30, 2016 and December 31, 2015 (dollars in thousands): September 30, 2016 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 $ 9,450 $ (49 ) $ - $ - $ 9,450 $ (49 ) Mortgage-backed/CMOs - - 2,860 (27 ) 2,860 (27 ) Municipal bonds 621 (1 ) - - 621 (1 ) $ 10,071 $ (50 ) $ 2,860 $ (27 ) $ 12,931 $ (77 ) December 31, 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 $ - $ - $ 980 $ (19 ) $ 980 $ (19 ) Corporate bonds 5,964 (63 ) - - 5,964 (63 ) Mortgage-backed/CMOs 21,003 (212 ) 9,504 (238 ) 30,507 (450 ) Municipal bonds 2,788 (31 ) 1,908 (62 ) 4,696 (93 ) $ 29,755 $ (306 ) $ 12,392 $ (319 ) $ 42,147 $ (625 ) 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, 2016, 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 either 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, 2016, 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. Securities having carrying values of $36.9 million at September 30, 2016 were pledged as collateral to secure public deposits and securities sold under agreements to repurchase. At December 31, 2015, securities having carrying values of $42.2 million were similarly pledged. For the nine months ended September 30, 2016, proceeds from the sales of securities amounted to $2.7 million, with realized gains on these securities of $44 thousand, and an additional $10.7 million in calls of securities accounted for the additional $145 thousand in realized gains. For the nine months ended September 30, 2015, proceeds from the sales of securities amounted to $17.5 million, with realized gains on these securities of $55 thousand, and an additional $17.4 million in calls of securities accounted for an additional $14 thousand in realized gains. 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. These restricted securities, totaling $1.7 million as of September 30, 2016 and December 31, 2015, are carried at cost.

Loans

Loans	9 Months Ended
	Sep. 30, 2016
Loans and Leases Receivable Disclosure [Abstract]
Loans	Note 3. Loans The composition of the loan portfolio by loan classification at September 30, 2016 and December 31, 2015 appears below (dollars in thousands). September 30, December 31, 2016 2015 Commercial Commercial and industrial - organic $ 42,432 $ 47,215 Commercial and industrial - syndicated 18,452 23,653 Total commercial and industrial 60,884 70,868 Real estate construction and land Residential construction 1,192 2,178 Commercial construction 7,917 6,214 Land and land development 10,519 10,519 Total construction and land 19,628 18,911 Real estate mortgages 1-4 family residential, first lien, investment 36,110 31,128 1-4 family residential, first lien, owner occupied 16,887 20,883 1-4 family residential, junior lien 3,001 3,770 Home equity lines of credit, first lien 8,348 11,930 Home equity lines of credit, junior lien 14,518 15,670 Farm 8,466 7,762 Multifamily 21,764 20,209 Commercial owner occupied 80,632 66,244 Commercial non-owner occupied 101,274 91,805 Total real estate mortgage 291,000 269,401 Consumer Consumer revolving credit 14,423 17,174 Consumer all other credit 11,420 11,655 Student loans purchased 33,534 35,655 Total consumer 59,377 64,484 Total loans 430,889 423,664 Less: Allowance for loan losses (3,278 ) (3,567 ) Net loans $ 427,611 $ 420,097 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. Following is a breakdown by class of the loans classified as impaired loans as of September 30, 2016 and December 31, 2015. 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, 2016 or the twelve months ended December 31, 2015. Interest income recognized is for the nine months ended September 30, 2016 or the twelve months ended December 31, 2015. (Dollars below reported in thousands.) September 30, 2016 Unpaid Average Interest Recorded Principal Associated Recorded Income Investment Balance Allowance Investment Recognized Impaired loans without a valuation allowance: Land and land development $ 53 $ 101 $ - $ 56 $ - 1-4 family residential mortgages, first lien, owner occupied 120 152 - 125 - 1-4 family residential mortgages, junior lien 357 357 361 12 Commercial non-owner occupied real estate 1,027 1,027 - 1,042 34 Student loans purchased 868 868 - 369 33 Impaired loans with a valuation allowance - - - - - Total impaired loans $ 2,425 $ 2,505 $ - $ 1,953 $ 79 December 31, 2015 Unpaid Average Interest Recorded Principal Associated Recorded Income Investment Balance Allowance Investment Recognized Impaired loans without a valuation allowance: Commercial and industrial - organic $ - $ - $ - $ 4 $ - Land and land development 59 103 - 64 - 1-4 family residential mortgage, first lien, owner occupied 132 157 - 200 2 1-4 family residential mortgage, junior lien 367 367 485 21 Commercial non-owner occupied real estate 1,061 1,061 - 1,080 47 Impaired loans with a valuation allowance - - - - - Total impaired loans $ 1,619 $ 1,688 $ - $ 1,833 $ 70 Included in the impaired loans above are non-accrual loans. 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. Non-accrual loans are shown below by class (dollars in thousands): September 30, 2016 December 31, 2015 Land and land development $ 53 $ 59 1-4 family residential mortgage, first lien, owner occupied 120 132 Total nonaccrual loans $ 173 $ 191 Additionally, 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. Based on newly issued regulatory guidance on Student Lending, the Company has classified 50 of its student loans purchased as TDRs for a total of $868 thousand as of September 30, 2016. These borrowers that should have been in repayment have requested and been granted payment extensions or reductions exceeding the maximum lifetime allowable payment forbearance of twelve months (36 months lifetime allowance for military service), as permitted under the regulatory guidance, and are therefore considered restructurings. Student loan borrowers are allowed in-school deferments, plus an automatic six month grace period post in-school status, before repayment is scheduled to begin, and these deferments do not count toward the maximum allowable forbearance. As all student loans purchased are fully insured, the Company does not expect to experience a loss on these loans and interest continues to accrue on these TDRs during any deferment and forbearance periods. A summary of loans that were modified under the terms of a TDR during the three and nine months ended September 30, 2016 and 2015 is shown below by class (dollars in thousands). The Post-Modification Recorded Balance reflects the period end balances, inclusive of any interest capitalized to principal, partial principal pay downs, and principal charge-offs since the modification date. Loans modified as TDRs that were fully paid down, charged-off, or foreclosed upon by period end are not reported. For three months ended For three months ended September 30, 2016 September 30, 2015 Pre- Post- Pre- Post- Modification Modification Modification Modification Number Recorded Recorded Number Recorded Recorded of Loans Balance Balance of Loans Balance Balance Loans modified at below market rates Student loans purchased 12 $ 134 $ 134 0 $ - $ - Total loans modified during the period 12 $ 134 $ 134 0 $ - $ - For nine months ended For nine months ended September 30, 2016 September 30, 2015 Pre- Post- Pre- Post- Modification Modification Modification Modification Number Recorded Recorded Number Recorded Recorded of Loans Balance Balance of Loans Balance Balance Loans modified at below market rates Student loans purchased 50 $ 847 $ 868 0 $ - $ - Total loans modified during the period 50 $ 847 $ 868 0 $ - $ - 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, 2016 December 31, 2015 No. of Recorded No. of Recorded Loans Investment Loans Investment Performing TDRs 1-4 family residential mortgages, junior lien 2 $ 357 2 $ 367 Commercial non-owner occupied real estate 1 1,027 1 1,061 Student loans purchased 50 868 - - Total performing TDRs 53 $ 2,252 3 $ 1,428 Nonperforming TDRs Land and land development 1 $ 30 1 $ 34 Total TDRs 54 $ 2,282 4 $ 1,462 There were no loans modified as TDRs that subsequently defaulted during the nine months ended September 30, 2016 and 2015 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, 2016 or December 31, 2015.

Allowance for Loan Losses

Allowance for Loan Losses	9 Months Ended
	Sep. 30, 2016
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, 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. 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. As explained below, beginning with the quarter ended June 30, 2016, the classes have been expanded for more granularity in determining risks and losses inherent in the loan portfolio. Loan Classes by Segments Commercial loan segment: Commercial and industrial - organic Commercial and industrial - syndicated Real estate construction and land loan segment: Residential construction Commercial construction Land and land development Real estate mortgage loan segment: 1-4 family residential, first lien, investment 1-4 family residential, first lien, owner occupied 1-4 family residential, junior lien Home equity lines of credit, first lien Home equity lines of credit, junior lien Farm Multifamily Commercial owner occupied Commercial non-owner occupied Consumer loan segment: Consumer revolving credit Consumer all other credit Student loans purchased Beginning with the quarter ended June 30, 2016, management enhanced its methodology for determining the quantitative risk assigned to unimpaired loans in order to capture historical loss information at the loan level, track loss migration through risk grade deterioration, and increase efficiencies related to performing the calculations. Prior to June 30, 2016, under the Bank's allowance model, each loan class was assigned a quantitative loss factor that was primarily based on a rolling twelve-quarter look-back at historical losses for that class. Under the new methodology, the quantitative risk factor for each loan class primarily utilizes a migration analysis loss method based on loss history for the prior twelve quarters. The migration analysis loss method is used for all loan classes except for the following: ● Student loans purchased are fully insured for loss by a surety bond that the Company purchased at the same time that each package of loans was acquired in 2015, and the Company has not experienced any losses in this class to date. In addition to the insurance, the Company holds a deposit reserve account to offset any losses resulting from the breach of any representations or warranties by the seller. Qualitative factors are applied, and the calculated reserve is net of any deposit reserve accounts. ● Prior to the quarter ended September 30, 2016, there was not an established loss history in the commercial and industrial syndicated loans. The S&P credit and recovery ratings on the credit facilities were utilized to calculate a three-year weighted average historical default rate. During the quarter, there was a small loss in the commercial and industrial syndicated loans; therefore, the Company utilized a combination of the migration analysis loss method and the S&P credit and recovery ratings. Under the historical loss method, quarterly loss rates are calculated for each class by dividing the cumulative gross charge-offs for the past twelve quarters by the average loan balances for the past twelve quarters. Under the migration analysis method, average loss rates are calculated at the risk grade and class levels by dividing the twelve-quarter average net charge-off amount by the twelve-quarter average loan balances. Qualitative factors are combined with these quantitative factors to arrive at the overall general allowances. In addition to the movement to the migration analysis method, the following other changes were implemented for the quarter ended June 30, 2016: ● The number of classes increased from twelve to seventeen to provide greater loan level detail. ● Previously the risk rating “Watch” was included in the “Pass” pool. The “Watch” risk rating was separated to account for the higher level of risk associated with this risk rating. ● A minimum qualitative loss factor has been applied to the “Good” risk ratings in an abundance of caution. Previously a loan loss reserve had not been applied to loans risk rated “Good”; however, management deemed a nominal reserve as prudent. The following table represents the effect of the changes in methodology from that used in prior periods on the provision for (recovery of) loan losses through the nine months ended September 30, 2016 (dollars in thousands): Provision Provision (Recovery) (Recovery) Based on Based on New Prior Methodology Methodology Difference Commercial loans $ (255 ) $ (112 ) $ (143 ) Real estate construction and land 5 13 (8 ) Real estate mortgages (200 ) (94 ) (106 ) Consumer loans 159 31 128 Total recovery of provision for loan losses $ (291 ) $ (162 ) $ (129 ) 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 Assigned Excellent 0% historical loss factor 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% historical loss factor applied, as these loans represent a low risk and are secured by marketable collateral within margin. 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 These loans have an acceptable risk but require more attention than normal servicing. Historical loss factor for loans rated “Watch” is applied to current balances of like-rated loans pooled by class. 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, a 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, 2016 and December 31, 2015 (dollars in thousands). There were no loans rated “Doubtful” as of either period. Special Sub- September 30, 2016 Excellent Good Pass Watch Mention standard TOTAL Commercial Commercial and industrial - organic $ 1,091 $ 24,848 $ 16,049 $ 9 $ 243 $ 192 $ 42,432 Commercial and industrial - syndicated - - 15,512 - - 2,940 18,452 Real estate construction Residential construction - - 1,192 - - - 1,192 Commercial construction - - 7,917 - - - 7,917 Land and land development - - 9,428 6 485 600 10,519 Real estate mortgages 1-4 family residential, first lien, investment - - 33,657 1,734 230 489 36,110 1-4 family residential, first lien, owner occupied - - 15,453 328 - 1,106 16,887 1-4 family residential, junior lien - - 2,335 330 192 144 3,001 Home equity lines of credit, first lien - - 8,308 40 - - 8,348 Home equity lines of credit, junior lien - - 14,407 - - 111 14,518 Farm - - 8,466 - - - 8,466 Multifamily - - 21,764 - - - 21,764 Commercial owner occupied - 701 78,899 1,032 - - 80,632 Commercial non-owner occupied - - 99,163 1,028 - 1,083 101,274 Consumer Consumer revolving credit 70 13,790 559 - - 4 14,423 Consumer all other credit 191 10,180 1,007 5 - 37 11,420 Student loans purchased - - 32,666 868 - - 33,534 Total Loans $ 1,352 $ 49,519 $ 366,782 $ 5,380 $ 1,150 $ 6,706 $ 430,889 Special Sub- December 31, 2015 Excellent Good Pass Watch Mention standard TOTAL Commercial Commercial and industrial - organic $ 1,238 $ 30,221 $ 15,599 $ 101 $ 25 $ 31 $ 47,215 Commercial and industrial - syndicated - - 20,691 - - 2,962 23,653 Real estate construction Residential construction - - 2,178 - - - 2,178 Commercial construction - - 6,214 - - - 6,214 Land and land development - - 9,369 8 515 627 10,519 Real estate mortgages 1-4 family residential, first lien, investment - - 28,832 1,885 232 179 31,128 1-4 family residential, first lien, owner occupied - 1,500 18,796 335 - 252 20,883 1-4 family residential, junior lien - - 3,060 130 418 162 3,770 Home equity lines of credit, first lien - - 11,890 40 - - 11,930 Home equity lines of credit, junior lien - - 15,588 - - 82 15,670 Farm - - 7,762 - - - 7,762 Multifamily - - 20,209 - - - 20,209 Commercial owner occupied - - 61,803 3,694 - 747 66,244 Commercial non-owner occupied - - 89,619 - 1,061 1,125 91,805 Consumer Consumer revolving credit 104 16,524 540 - - 6 17,174 Consumer all other credit 232 10,063 1,317 2 - 41 11,655 Student loans purchased - - 35,655 - - - 35,655 Total Loans $ 1,574 $ 58,308 $ 349,122 $ 6,195 $ 2,251 $ 6,214 $ 423,664 In addition, 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 five factors drive losses to a much greater extent than the last three factors; therefore, the first five factors are weighted more heavily. Qualitative factors are not assessed against loans rated “Excellent” since these are fully collateralized by cash. Beginning in the second quarter of 2016, a nominal qualitative factor has been assigned to loans rated “Good,” as discussed above. 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 Bank’s market and the 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 loans classified as impaired loans totaling $2.4 million at September 30, 2016, there was no specific valuation allowance on any of these loans after consideration was given for each borrowing as to the fair value of the collateral on the loan or the present value of expected future cash flows from the borrower. A summary of the transactions in the Allowance for Loan Losses by loan portfolio segment for the nine months ended September 30, 2016 and the year ended December 31, 2015 appears below (dollars in thousands): As of and for the period ended September 30, 2016 Real Estate Commercial Construction Real Estate Consumer Loans and Land Mortgages Loans Total Allowance for Loan Losses: Balance as of January 1, 2016 $ 797 $ 159 $ 2,592 $ 19 $ 3,567 Charge-offs (24 ) - (12 ) - (36 ) Recoveries 28 - 2 8 38 Provision for (recovery of) loan losses (255 ) 5 (200 ) 159 (291 ) Ending Balance $ 546 $ 164 $ 2,382 $ 186 $ 3,278 Ending Balance: Individually evaluated for impairment $ - $ - $ - $ - $ - Collectively evaluated for impairment 546 164 2,382 186 3,278 Loans: Individually evaluated for impairment $ - $ 53 $ 1,504 $ 868 $ 2,425 Collectively evaluated for impairment 60,884 19,575 289,496 58,509 428,464 Ending Balance $ 60,884 $ 19,628 $ 291,000 $ 59,377 $ 430,889 As of and for the year ended December 31, 2015 Real Estate Commercial Construction Real Estate Consumer Loans and Land Mortgages Loans Total Allowance for Loan Losses: Balance as of January 1, 2015 $ 674 $ 102 $ 2,360 $ 28 $ 3,164 Charge-offs (126 ) - (12 ) (3 ) (141 ) Recoveries 35 - 46 - 81 Provision for (recovery of) loan losses 214 57 198 (6 ) 463 Ending Balance $ 797 $ 159 $ 2,592 $ 19 $ 3,567 Ending Balance: Individually evaluated for impairment $ - $ - $ - $ - $ - Collectively evaluated for impairment 797 159 2,592 19 3,567 Loans: Individually evaluated for impairment $ - $ 59 $ 1,560 $ - $ 1,619 Collectively evaluated for impairment 70,868 18,852 267,841 64,484 422,045 Ending Balance $ 70,868 $ 18,911 $ 269,401 $ 64,484 $ 423,664 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, 2016 and December 31, 2015. 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.) 90 Days Past Due Aging as of 30-59 60-89 90 Days or Past Due September 30, 2016 Days Past Days Past More Past Total Past Total and Still Due Due Due Due Current Loans Accruing Commercial loans Commercial and industrial - organic $ 3 $ - $ - $ 3 $ 42,429 $ 42,432 $ - Commercial and industrial - syndicated - - - - 18,452 18,452 - Real estate construction and land Residential construction - - - - 1,192 1,192 - Commercial construction - - - - 7,917 7,917 - Other construction and land 20 - 23 43 10,476 10,519 - Real estate mortgages 1-4 family residential, first lien, investment - - - - 36,110 36,110 - 1-4 family residential, first lien, owner occupied - - - - 16,887 16,887 - 1-4 family residential, junior lien - - - - 3,001 3,001 - Home equity lines of credit, first lien - - - - 8,348 8,348 - Home equity lines of credit, junior lien - - - - 14,518 14,518 - Farm - - - - 8,466 8,466 - Multifamily - - - - 21,764 21,764 - Commercial owner occupied - - - - 80,632 80,632 - Commercial non-owner occupied - - - - 101,274 101,274 - Consumer loans Consumer revolving credit - - - - 14,423 14,423 - Consumer all other credit - 1 - 1 11,419 11,420 - Student loans purchased 418 92 389 899 32,635 33,534 389 Total Loans $ 441 $ 93 $ 412 $ 946 $ 429,943 $ 430,889 $ 389 90 Days Past Due Aging as of 30-59 60-89 90 Days or Past Due December 31, 2015 Days Past Days Past More Past Total Past Total and Still Due Due Due Due Current Loans Accruing Commercial loans Commercial and industrial - organic $ 211 $ 40 $ - $ 251 $ 46,964 $ 47,215 $ - Commercial and industrial - syndicated - - - - 23,653 23,653 - Real estate construction and land Residential construction - - - - 2,178 2,178 - Commercial construction - - - - 6,214 6,214 - Other construction and land 7 - - 7 10,512 10,519 - Real estate mortgages 1-4 family residential, first lien, investment - - - - 31,128 31,128 - 1-4 family residential, first lien, owner occupied 93 - - 93 20,790 20,883 - 1-4 family residential, junior lien 63 36 - 99 3,671 3,770 - Home equity lines of credit, first lien - - - - 11,930 11,930 - Home equity lines of credit, junior lien - - - - 15,670 15,670 - Farm - - - - 7,762 7,762 - Multifamily - - - - 20,209 20,209 - Commercial owner occupied - - - - 66,244 66,244 - Commercial non-owner occupied - - - - 91,805 91,805 - Consumer loans Consumer revolving credit - - - - 17,174 17,174 - Consumer all other credit 58 1 - 59 11,596 11,655 - Student loans purchased 813 1 - 814 34,841 35,655 - Total Loans $ 1,245 $ 78 $ - $ 1,323 $ 422,341 $ 423,664 $ -

Intangible Assets

Intangible Assets	9 Months Ended
	Sep. 30, 2016
Goodwill and Intangible Assets Disclosure [Abstract]
Intangible Assets	Note 5. Intangible Assets On February 1, 2016 (the “Effective Date”), VNB Wealth purchased the book of business, including interest in the client relationships, (“Purchased Relationships”), from a current officer (the “Seller”) of VNB Wealth pursuant to an employment and asset purchase agreement (the “Purchase Agreement”). Prior to becoming an employee of VNB Wealth and until the Effective Date of the sale, the Seller provided services to these Purchased Relationships as a sole proprietor. As of January 15, 2016, the fair value of the assets under management associated with the Purchased Relationships totaled $31.5 million. Under the terms of the Purchase Agreement, the Company will receive all future revenue for brokerage, investment management, advisory, insurance, consulting, trust and related services performed for the Purchased Relationships. The purchase price of $1.2 million will be paid over a five year period. During the first quarter of 2016, the Company recognized goodwill and other intangible assets arising from this purchase. As required under ASC Topic 805, “Business Combinations,” using the acquisition method of accounting, below is a summary of the net asset values, as determined by an independent third party, based on the fair value measurements and the purchase price. The intangible assets identified below will be amortized using a straight line method over the estimated useful life, and the amortized cost will be shown as noninterest expense. In accordance with ASC 350, “Intangibles-Goodwill and Other,” the Company will review the carrying value of indefinite lived goodwill at least annually or more frequently if certain impairment indicators exist. (Dollars below reported in thousands.) Estimated % of Total Economic Useful Fair Value Intangible Assets Life Identified Intangible Assets Non-Compete Agreement $ 103 9.0 % 3 years Customer Relationships Intangible 670 58.5 % 10 years Total Identified Intangible Assets $ 773 67.5 % Goodwill $ 372 32.5 % Indefinite Total Intangible Assets $ 1,145 100.0 % Through the nine months ended September 30, 2016, the Company recognized $68 thousand in amortization expense from these identified intangible assets with a finite life. The net carrying value of $705 thousand will be recognized as amortization expense in future reporting periods through 2026. The following shows the gross and net balance of these intangible assets as of September 30, 2016. (Dollars below reported in thousands.) Gross Carrying Accumulated Net Carrying Value Amortization Value Identified Intangible Assets Non-Compete Agreement $ 103 $ 23 $ 80 Customer Relationships Intangible 670 45 $ 625 Total Identified Intangible Assets $ 773 $ 68 $ 705 As of September 30, 2016, the Company carried a contingent liability of $445 thousand, representing the net of the fair value of the purchase price, less the initial payment made on the Effective Date to the Seller. The remaining four annual payments as delineated in the Purchase Agreement will be paid from this liability.

Net Income Per Share and Stock

Net Income Per Share and Stock Repurchase Program	9 Months Ended
	Sep. 30, 2016
Earnings Per Share [Abstract]
Net Income Per Share and Stock Repurchase Program	Note 6. Net Income Per Share and Stock Repurchase Program 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 shares of the Company's common shares through September 18, 2015. The Company announced on September 21, 2015 that its Board of Directors extended the program for another year. A total of 343,559 shares at a weighted average price of $22.89 per share were repurchased through the program. The program expired on September 18, 2016. The following shows the weighted average number of shares used in computing net income per common share and the effect on the weighted average number of shares of diluted potential common stock for the three and nine months ended September 30, 2016 and 2015. Potential dilutive common stock equivalents have no effect on net income available to common shareholders. (Dollars below reported in thousands except per share data.) Three Months Ended September 30, 2016 September 30, 2015 Weighted Per Weighted Per Average Share Average Share Net Income Shares Amount Net Income Shares Amount Basic net income per share $ 1,396 2,366,530 $ 0.59 $ 839 2,435,874 $ 0.34 Effect of dilutive stock options - 13,863 - - 9,806 - Diluted net income per share $ 1,396 2,380,393 $ 0.59 $ 839 2,445,680 $ 0.34 Nine Months Ended September 30, 2016 September 30, 2015 Weighted Per Weighted Per Average Share Average Share Net Income Shares Amount Net Income Shares Amount Basic net income per share $ 4,261 2,369,517 $ 1.80 $ 2,021 2,566,308 $ 0.79 Effect of dilutive stock options - 14,393 - - 9,609 - Diluted net income per share $ 4,261 2,383,910 $ 1.79 $ 2,021 2,575,917 $ 0.79 For the periods ended September 30, 2016 and September 30, 2015, option shares totaling 59,110 and 124,754, respectively, were considered anti-dilutive and were excluded from this calculation.

Stock Incentive Plans

Stock Incentive Plans	9 Months Ended
	Sep. 30, 2016
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Stock Incentive Plans	Note 7. Stock Incentive 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 shares of the Company’s common stock to be issued to plan participants. Similar to the Company’s 2003 Stock Incentive Plan (“2003 Plan”) and 2005 Stock Incentive Plan (“2005 Plan”), the 2014 Plan provides for granting of both incentive and nonqualified stock options, as well as restricted stock and other stock based awards. No new grants will be issued under the 2003 Plan or the 2005 Plan as these plans have expired. For all of the Company’s stock incentive plans (the “Plans”), the option price of incentive stock options will not be less than the fair value of the stock at the time an option is granted. Nonqualified stock options may be granted at prices established by the Board of Directors, including prices less than the fair value on the date of grant. Outstanding stock options generally expire in ten years from the grant date. Stock options generally vest by the fourth or fifth anniversary of the date of the grant. A summary of the shares issued and available under each of the Plans is shown below as of September 30, 2016. Although the 2003 Plan and 2005 Plan have expired and no new grants will be issued under these plans, there were options issued before the plans expired which are still outstanding as shown below. 2003 Plan 2005 Plan 2014 Plan Aggregate shares issuable 128,369 230,000 250,000 Options issued, net of forfeited and expired options (108,054 ) (106,722 ) - Cancelled due to Plan expiration (20,315 ) (123,278 ) - Remaining available for grant - - 250,000 Grants issued and outstanding: Total vested and unvested shares 24,464 98,579 - Fully vested shares 24,464 94,829 - Exercise price range $18.26 to $11.74 to 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, 2016 and 2015, the Company recognized $20 thousand and $22 thousand, respectively, in compensation expense for stock options. As of September 30, 2016, there was $15 thousand in unamortized compensation expense remaining to be recognized in future reporting periods through 2017. 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, 2016 Weighted Average Aggregate Number of Options Exercise Price Intrinsic Value Outstanding at January 1, 2016 152,118 $ 25.36 $ 354 Exercised (11,250 ) $ 15.96 Expired (17,825 ) 32.43 - Outstanding at September 30, 2016 123,043 $ 25.19 $ 336 Options exercisable at September 30, 2016 119,293 $ 25.45 $ 305 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 nine months of 2016 or during the twelve months ended December 31, 2015. Summary information pertaining to options outstanding at September 30, 2016 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 to 20.00 34,514 3.5 Years $ 17.57 30,764 $ 17.63 $20.01 to 30.00 58,514 1.4 Years 24.83 58,514 24.83 $30.01 to 36.74 30,015 0.2 Years 34.67 30,015 34.67 Total 123,043 1.7 Years $ 25.19 119,293 $ 25.45 Restricted Stock There were no restricted stock grants outstanding throughout 2015 or as of September 30, 2016. No restricted stock grants were awarded during 2015 or the first nine months of 2016.

Fair Value Measurements

Fair Value Measurements	9 Months Ended
	Sep. 30, 2016
Fair Value Disclosures [Abstract]
Fair Value Measurements	Note 8. 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, 2016 and December 31, 2015 (dollars in thousands): Fair Value Measurements at September 30, 2016 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 $ 14,955 $ - $ 14,955 $ - Corporate bonds 6,126 - 6,126 - Mortgage-backed securities/CMOs 31,497 - 31,497 - Municipal bonds 17,869 - 17,869 - Total securities available for sale $ 70,447 $ - $ 70,447 $ - Fair Value Measurements at December 31, 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 $ 11,378 $ - $ 11,378 $ - Corporate bonds 5,964 - 5,964 - Mortgage-backed securities/CMOs 36,687 - 36,687 - Municipal bonds 20,772 - 20,772 - Total securities available for sale $ 74,801 $ - $ 74,801 $ - 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 $2.4 million and $1.6 million in impaired loans as of September 30, 2016 and December 31, 2015, respectively. None of these impaired loans required a valuation allowance after consideration was given for each borrowing as to the fair value of the collateral on the loan or the present value of expected future cash flows from the customer. 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. OREO is measured at fair value on a nonrecurring basis. Any initial fair value adjustment is charged against the Allowance for Loan Losses. Subsequent fair value adjustments are recorded in the period incurred and included in other noninterest expense on the Consolidated Statements of Income. As of September 30, 2016 and December 31, 2015, the Company had no OREO property. 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, 2016 and December 31, 2015 are as follows (dollars in thousands): Fair Value Measurement at September 30, 2016 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 $ 42,028 $ 42,028 $ - $ - $ 42,028 Available for sale securities 70,447 - 70,447 - 70,447 Loans, net 427,611 - - 419,881 419,881 Bank owned life insurance 13,807 - 13,807 - 13,807 Accrued interest receivable 1,382 - 326 1,056 1,382 Liabilities Demand deposits and interest-bearing transaction and money market accounts $ 382,774 $ - $ 382,774 $ - $ 382,774 Certificates of deposit 112,405 - 112,395 - 112,395 Securities sold under agreements to repurchase 13,540 - 13,540 - 13,540 Accrued interest payable 108 - 108 - 108 Fair Value Measurement at December 31, 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 $ 43,527 $ 43,527 $ - $ - $ 43,527 Available for sale securities 74,801 - 74,801 - 74,801 Loans, net 420,097 - - 418,774 418,774 Bank owned life insurance 13,476 - 13,476 - 13,476 Accrued interest receivable 1,611 - 369 1,242 1,611 Liabilities Demand deposits and interest-bearing transaction and money market accounts $ 377,849 $ - $ 377,849 $ - $ 377,849 Certificates of deposit 108,618 - 108,578 - 108,578 Securities sold under agreements to repurchase 23,156 - 23,156 - 23,156 Accrued interest payable 106 - 106 - 106 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, 2016
Other Comprehensive Income (Loss), Tax [Abstract]
Other Comprehensive Income	Note 9. 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, 2016 and 2015 (dollars in thousands): Three Months Ended Nine Months Ended September 30, 2016 September 30, 2015 September 30, 2016 June 30, 2015 Available for sale securities Realized gains on sales of securities $ 181 $ 23 $ 189 $ 69 Tax effect (62 ) (8 ) (64 ) (23 ) Realized gains, net of tax $ 119 $ 15 $ 125 $ 46

Segment Reporting

Segment Reporting	9 Months Ended
	Sep. 30, 2016
Segment Reporting [Abstract]
Segment Reporting	Note 10. Segment Reporting Virginia National Bankshares Corporation has two reportable segments, the Bank and VNB Wealth. The Bank’s commercial banking segment involves making loans and generating deposits from individuals, businesses and charitable organizations. 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. The VNB Wealth segment includes (a) trust income from the investment management, wealth advisory and trust and estate services offered by VNBTrust, comprised of both management fees and performance fees, and (b) brokerage and insurance income from retail brokerage, investment advisory, annuity and insurance services offered under the name of VNB Investment Services. 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, 2016 and September 30, 2015, management fees of $75 thousand and $101 thousand, respectively, were charged to VNB Wealth and eliminated in consolidated totals. The VNB Wealth total assets as shown in the following tables represent the assets of VNB Wealth and should not be confused with client assets under management. 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, 2016 and 2015 is shown in the following tables (dollars in thousands): Three months ended September 30, 2016 Bank VNB Wealth Consolidated Net interest income $ 4,526 $ 11 $ 4,537 Provision for loan losses 104 - 104 Noninterest income 909 504 1,413 Noninterest expense 3,291 530 3,821 Income (loss) before income taxes 2,040 (15 ) 2,025 Provision for (benefit of) income taxes 634 (5 ) 629 Net income (loss) $ 1,406 $ (10 ) $ 1,396 Total assets $ 559,933 $ 9,606 $ 569,539 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 Nine months ended September 30, 2016 Bank VNB Wealth Consolidated Net interest income $ 13,447 $ 34 $ 13,481 Provision for (recovery of) loan losses (291 ) - (291 ) Noninterest income 2,332 1,455 3,787 Noninterest expense 9,645 1,732 11,377 Income (loss) before income taxes 6,425 (243 ) 6,182 Provision for (benefit of) income taxes 2,003 (82 ) 1,921 Net income (loss) $ 4,422 $ (161 ) $ 4,261 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

Significant Accounting Polici20

Significant Accounting Policies (Policy)	9 Months Ended
	Sep. 30, 2016
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, 2016 are not necessarily indicative of the results that may be expected for the year ending December 31, 2016. 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, 2015. 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 August 2014, the FASB issued ASU No. 2014-15, “Presentation of Financial Statements – Going Concern (Subtopic 205-40): Disclosure of Uncertainties about an Entity’s Ability to Continue as a Going Concern.” This update is intended to provide guidance about management’s responsibility to evaluate whether there is substantial doubt about an entity’s ability to continue as a going concern and to provide related footnote disclosures. Management is required under the new guidance to evaluate whether there are conditions or events, considered in the aggregate, that raise substantial doubt about the entity’s ability to continue as a going concern within one year after the date the financial statements are issued when preparing financial statements for each interim and annual reporting period. If conditions or events are identified, the ASU specifies the process that must be followed by management and also clarifies the timing and content of going concern footnote disclosures in order to reduce diversity in practice. The amendments in this ASU are effective for annual periods and interim periods within those annual periods beginning after December 15, 2016. Early adoption is permitted. The Company does not expect the adoption of ASU 2014-15 to have a material impact on its consolidated financial statements. In January 2016, the FASB issued ASU 2016-01, “Financial Instruments – Overall (Subtopic 825-10): Recognition and Measurement of Financial Assets and Financial Liabilities.” The amendments in ASU 2016-01, among other things: 1) require equity investments (except those accounted for under the equity method of accounting, or those that result in consolidation of the investee) to be measured at fair value with changes in fair value recognized in net income; 2) require public business entities to use the exit price notion when measuring the fair value of financial instruments for disclosure purposes; 3) require separate presentation of financial assets and financial liabilities by measurement category and form of financial asset (i.e., securities or loans and receivables); and 4) eliminate the requirement for public business entities to disclose the method(s) and significant assumptions used to estimate the fair value that is required to be disclosed for financial instruments measured at amortized cost. The amendments in this ASU are effective for public companies for fiscal years beginning after December 15, 2017, including interim periods within those fiscal years. The Company is currently assessing the impact that ASU 2016-01 will have on its consolidated financial statements. In February 2016, the FASB issued ASU No. 2016-02, “Leases (Topic 842).” Among other things, in the amendments in ASU 2016-02, lessees will be required to recognize the following for all leases (with the exception of short-term leases) at the commencement date: (1) a lease liability, which is a lessee‘s obligation to make lease payments arising from a lease, measured on a discounted basis; and (2) a right-of-use asset, which is an asset that represents the lessee’s right to use, or control the use of, a specified asset for the lease term. Under the new guidance, lessor accounting is largely unchanged. Certain targeted improvements were made to align, where necessary, lessor accounting with the lessee accounting model and Topic 606, Revenue from Contracts with Customers. The amendments in this ASU are effective for fiscal years beginning after December 15, 2018, including interim periods within those fiscal years. Early application is permitted upon issuance. Lessees (for capital and operating leases) and lessors (for sales-type, direct financing, and operating leases) must apply a modified retrospective transition approach for leases existing at, or entered into after, the beginning of the earliest comparative period presented in the financial statements. The modified retrospective approach would not require any transition accounting for leases that expired before the earliest comparative period presented. Lessees and lessors may not apply a full retrospective transition approach. The Company is currently assessing the impact that ASU 2016-02 will have on its consolidated financial statements. During March 2016, the FASB issued ASU No. 2016-05, “Derivatives and Hedging (Topic 815): Effect of Derivative Contract Novations on Existing Hedge Accounting Relationships.” The amendments in this ASU clarify that a change in the counterparty to a derivative instrument that has been designated as the hedging instrument does not, in and of itself, require dedesignation of that hedging relationship provided that all other hedge accounting criteria remain intact. The amendments are effective for public business entities for financial statements issued for fiscal years beginning after December 15, 2016, and interim periods within those fiscal years. Early adoption is permitted, including adoption in an interim period. The Company does not expect the adoption of ASU 2016-05 to have a material impact on its consolidated financial statements. In March 2016, the FASB issued ASU No. 2016-07, “Investments – Equity Method and Joint Ventures (Topic 323): Simplifying the Transition to the Equity Method of Accounting.” The amendments in this ASU eliminate the requirement that when an investment qualifies for use of the equity method as a result of an increase in the level of ownership interest or degree of influence, an investor must adjust the investment, results of operations, and retained earnings retroactively on a step-by-step basis as if the equity method had been in effect during all previous periods that the investment had been held. The amendments require that the equity method investor add the cost of acquiring the additional interest in the investee to the current basis of the investor’s previously held interest and adopt the equity method of accounting as of the date the investment becomes qualified for equity method accounting. Therefore, upon qualifying for the equity method of accounting, no retroactive adjustment of the investment is required. In addition, the amendments in this ASU require that an entity that has an available-for-sale equity security that becomes qualified for the equity method of accounting recognize through earnings the unrealized holding gain or loss in accumulated other comprehensive income at the date the investment becomes qualified for use of the equity method. The amendments are effective for all entities for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2016. The amendments should be applied prospectively upon their effective date to increases in the level of ownership interest or degree of influence that result in the adoption of the equity method. Early Adoption is permitted. The Company does not expect the adoption of ASU 2016-07 to have a material impact on its consolidated financial statements. During March 2016, the FASB issued ASU No. 2016-09, “Compensation – Stock Compensation (Topic 718): Improvements to Employee Share-Based Payment Accounting.” The amendments in this ASU simplify several aspects of the accounting for share-based payment award transactions including: (a) income tax consequences; (b) classification of awards as either equity or liabilities; and (c) classification on the statement of cash flows. The amendments are effective for public companies for annual periods beginning after December 15, 2016, and interim periods within those annual periods. The Company is currently assessing the impact that ASU 2016-09 will have on its consolidated financial statements. During June 2016, the FASB issued ASU No. 2016-13, “Financial Instruments – Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments.” The amendments in this ASU, among other things, require the measurement of all expected credit losses for financial assets held at the reporting date based on historical experience, current conditions, and reasonable and supportable forecasts. Financial institutions and other organizations will use forward-looking information to better inform their credit loss estimates. Many of the loss estimation techniques applied today will still be permitted, although the inputs to those techniques will change to reflect the full amount of expected credit losses. In addition, the ASU amends the accounting for credit losses on available-for-sale debt securities and purchased financial assets with credit deterioration. The amendments in this ASU are effective for SEC filers for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2019. The Company is currently assessing the impact that ASU 2016-13 will have on its consolidated financial statements. During August 2016, the FASB issued ASU No. 2016-15, “Statement of Cash Flows (Topic 230): Classification of Certain Cash Receipts and Cash Payments,” to address diversity in how certain cash receipts and cash payments are presented and classified in the statement of cash flows. The amendments are effective for public business entities for fiscal years beginning after December 15, 2017, and interim periods within those fiscal years. The amendments should be applied using a retrospective transition method to each period presented. If retrospective application is impractical for some of the issues addressed by the update, the amendments for those issues would be applied prospectively as of the earliest date practicable. Early adoption is permitted, including adoption in an interim period. The Company does not expect the adoption of ASU 2016-15 to have a material impact on its consolidated financial statements.

Securities (Tables)

Securities (Tables)	9 Months Ended
	Sep. 30, 2016
Investments, Debt and Equity Securities [Abstract]
Schedule of Amortized Cost and Fair Values of Securities Available For Sale	September 30, 2016 Amortized Gross Unrealized Gross Unrealized Fair Cost Gains (Losses) Value U.S. Government agencies $ 14,998 $ 6 $ (49 ) $ 14,955 Corporate bonds 6,016 110 - 6,126 Mortgage-backed securities/CMOs 31,197 327 (27 ) 31,497 Municipal bonds 17,459 411 (1 ) 17,869 $ 69,670 $ 854 $ (77 ) $ 70,447 December 31, 2015 Amortized Gross Unrealized Gross Unrealized Fair Cost Gains (Losses) Value U.S. Government agencies $ 11,260 $ 137 $ (19 ) $ 11,378 Corporate bonds 6,027 - (63 ) 5,964 Mortgage-backed securities/CMOs 37,077 60 (450 ) 36,687 Municipal bonds 20,615 250 (93 ) 20,772 $ 74,979 $ 447 $ (625 ) $ 74,801
Schedule of Unrealized Losses in the Bank's Securities Portfolio	September 30, 2016 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 $ 9,450 $ (49 ) $ - $ - $ 9,450 $ (49 ) Mortgage-backed/CMOs - - 2,860 (27 ) 2,860 (27 ) Municipal bonds 621 (1 ) - - 621 (1 ) $ 10,071 $ (50 ) $ 2,860 $ (27 ) $ 12,931 $ (77 ) December 31, 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 $ - $ - $ 980 $ (19 ) $ 980 $ (19 ) Corporate bonds 5,964 (63 ) - - 5,964 (63 ) Mortgage-backed/CMOs 21,003 (212 ) 9,504 (238 ) 30,507 (450 ) Municipal bonds 2,788 (31 ) 1,908 (62 ) 4,696 (93 ) $ 29,755 $ (306 ) $ 12,392 $ (319 ) $ 42,147 $ (625 )

Loans (Tables)

Loans (Tables)	9 Months Ended
	Sep. 30, 2016
Loans and Leases Receivable Disclosure [Abstract]
Schedule of Composition of Loan Portfolio by Loan Classification	September 30, December 31, 2016 2015 Commercial Commercial and industrial - organic $ 42,432 $ 47,215 Commercial and industrial - syndicated 18,452 23,653 Total commercial and industrial 60,884 70,868 Real estate construction and land Residential construction 1,192 2,178 Commercial construction 7,917 6,214 Land and land development 10,519 10,519 Total construction and land 19,628 18,911 Real estate mortgages 1-4 family residential, first lien, investment 36,110 31,128 1-4 family residential, first lien, owner occupied 16,887 20,883 1-4 family residential, junior lien 3,001 3,770 Home equity lines of credit, first lien 8,348 11,930 Home equity lines of credit, junior lien 14,518 15,670 Farm 8,466 7,762 Multifamily 21,764 20,209 Commercial owner occupied 80,632 66,244 Commercial non-owner occupied 101,274 91,805 Total real estate mortgage 291,000 269,401 Consumer Consumer revolving credit 14,423 17,174 Consumer all other credit 11,420 11,655 Student loans purchased 33,534 35,655 Total consumer 59,377 64,484 Total loans 430,889 423,664 Less: Allowance for loan losses (3,278 ) (3,567 ) Net loans $ 427,611 $ 420,097
Schedule of Loans Classified as Impaired Loans	September 30, 2016 Unpaid Average Interest Recorded Principal Associated Recorded Income Investment Balance Allowance Investment Recognized Impaired loans without a valuation allowance: Land and land development $ 53 $ 101 $ - $ 56 $ - 1-4 family residential mortgages, first lien, owner occupied 120 152 - 125 - 1-4 family residential mortgages, junior lien 357 357 361 12 Commercial non-owner occupied real estate 1,027 1,027 - 1,042 34 Student loans purchased 868 868 - 369 33 Impaired loans with a valuation allowance - - - - - Total impaired loans $ 2,425 $ 2,505 $ - $ 1,953 $ 79 December 31, 2015 Unpaid Average Interest Recorded Principal Associated Recorded Income Investment Balance Allowance Investment Recognized Impaired loans without a valuation allowance: Commercial and industrial - organic $ - $ - $ - $ 4 $ - Land and land development 59 103 - 64 - 1-4 family residential mortgage, first lien, owner occupied 132 157 - 200 2 1-4 family residential mortgage, junior lien 367 367 485 21 Commercial non-owner occupied real estate 1,061 1,061 - 1,080 47 Impaired loans with a valuation allowance - - - - - Total impaired loans $ 1,619 $ 1,688 $ - $ 1,833 $ 70
Schedule of Impaired Loans Classified as Non-Accruals by Class	September 30, 2016 December 31, 2015 Land and land development $ 53 $ 59 1-4 family residential mortgage, first lien, owner occupied 120 132 Total nonaccrual loans $ 173 $ 191
Schedule of Loans Modified Under Terms of a TDR	For three months ended For three months ended September 30, 2016 September 30, 2015 Pre- Post- Pre- Post- Modification Modification Modification Modification Number Recorded Recorded Number Recorded Recorded of Loans Balance Balance of Loans Balance Balance Loans modified at below market rates Student loans purchased 12 $ 134 $ 134 0 $ - $ - Total loans modified during the period 12 $ 134 $ 134 0 $ - $ - For nine months ended For nine months ended September 30, 2016 September 30, 2015 Pre- Post- Pre- Post- Modification Modification Modification Modification Number Recorded Recorded Number Recorded Recorded of Loans Balance Balance of Loans Balance Balance Loans modified at below market rates Student loans purchased 50 $ 847 $ 868 0 $ - $ - Total loans modified during the period 50 $ 847 $ 868 0 $ - $ -
Summary of Modified Loans	Troubled debt restructuring (TDRs) September 30, 2016 December 31, 2015 No. of Recorded No. of Recorded Loans Investment Loans Investment Performing TDRs 1-4 family residential mortgages, junior lien 2 $ 357 2 $ 367 Commercial non-owner occupied real estate 1 1,027 1 1,061 Student loans purchased 50 868 - - Total performing TDRs 53 $ 2,252 3 $ 1,428 Nonperforming TDRs Land and land development 1 $ 30 1 $ 34 Total TDRs 54 $ 2,282 4 $ 1,462

Allowance for Loan Losses (Tabl

Allowance for Loan Losses (Tables)	9 Months Ended
	Sep. 30, 2016
Allowance for Loan Losses [Abstract]
Summary of Transactions in Allowance for Loan Losses	Provision Provision (Recovery) (Recovery) Based on Based on New Prior Methodology Methodology Difference Commercial loans $ (255 ) $ (112 ) $ (143 ) Real estate construction and land 5 13 (8 ) Real estate mortgages (200 ) (94 ) (106 ) Consumer loans 159 31 128 Total recovery of provision for loan losses $ (291 ) $ (162 ) $ (129 )
Internal Risk Rating Grades	Special Sub- September 30, 2016 Excellent Good Pass Watch Mention standard TOTAL Commercial Commercial and industrial - organic $ 1,091 $ 24,848 $ 16,049 $ 9 $ 243 $ 192 $ 42,432 Commercial and industrial - syndicated - - 15,512 - - 2,940 18,452 Real estate construction Residential construction - - 1,192 - - - 1,192 Commercial construction - - 7,917 - - - 7,917 Land and land development - - 9,428 6 485 600 10,519 Real estate mortgages 1-4 family residential, first lien, investment - - 33,657 1,734 230 489 36,110 1-4 family residential, first lien, owner occupied - - 15,453 328 - 1,106 16,887 1-4 family residential, junior lien - - 2,335 330 192 144 3,001 Home equity lines of credit, first lien - - 8,308 40 - - 8,348 Home equity lines of credit, junior lien - - 14,407 - - 111 14,518 Farm - - 8,466 - - - 8,466 Multifamily - - 21,764 - - - 21,764 Commercial owner occupied - 701 78,899 1,032 - - 80,632 Commercial non-owner occupied - - 99,163 1,028 - 1,083 101,274 Consumer Consumer revolving credit 70 13,790 559 - - 4 14,423 Consumer all other credit 191 10,180 1,007 5 - 37 11,420 Student loans purchased - - 32,666 868 - - 33,534 Total Loans $ 1,352 $ 49,519 $ 366,782 $ 5,380 $ 1,150 $ 6,706 $ 430,889 Special Sub- December 31, 2015 Excellent Good Pass Watch Mention standard TOTAL Commercial Commercial and industrial - organic $ 1,238 $ 30,221 $ 15,599 $ 101 $ 25 $ 31 $ 47,215 Commercial and industrial - syndicated - - 20,691 - - 2,962 23,653 Real estate construction Residential construction - - 2,178 - - - 2,178 Commercial construction - - 6,214 - - - 6,214 Land and land development - - 9,369 8 515 627 10,519 Real estate mortgages 1-4 family residential, first lien, investment - - 28,832 1,885 232 179 31,128 1-4 family residential, first lien, owner occupied - 1,500 18,796 335 - 252 20,883 1-4 family residential, junior lien - - 3,060 130 418 162 3,770 Home equity lines of credit, first lien - - 11,890 40 - - 11,930 Home equity lines of credit, junior lien - - 15,588 - - 82 15,670 Farm - - 7,762 - - - 7,762 Multifamily - - 20,209 - - - 20,209 Commercial owner occupied - - 61,803 3,694 - 747 66,244 Commercial non-owner occupied - - 89,619 - 1,061 1,125 91,805 Consumer Consumer revolving credit 104 16,524 540 - - 6 17,174 Consumer all other credit 232 10,063 1,317 2 - 41 11,655 Student loans purchased - - 35,655 - - - 35,655 Total Loans $ 1,574 $ 58,308 $ 349,122 $ 6,195 $ 2,251 $ 6,214 $ 423,664
Summary of Transactions in Allowance for Loan Losses by Loan Portfolio Segment	As of and for the period ended September 30, 2016 Real Estate Commercial Construction Real Estate Consumer Loans and Land Mortgages Loans Total Allowance for Loan Losses: Balance as of January 1, 2016 $ 797 $ 159 $ 2,592 $ 19 $ 3,567 Charge-offs (24 ) - (12 ) - (36 ) Recoveries 28 - 2 8 38 Provision for (recovery of) loan losses (255 ) 5 (200 ) 159 (291 ) Ending Balance $ 546 $ 164 $ 2,382 $ 186 $ 3,278 Ending Balance: Individually evaluated for impairment $ - $ - $ - $ - $ - Collectively evaluated for impairment 546 164 2,382 186 3,278 Loans: Individually evaluated for impairment $ - $ 53 $ 1,504 $ 868 $ 2,425 Collectively evaluated for impairment 60,884 19,575 289,496 58,509 428,464 Ending Balance $ 60,884 $ 19,628 $ 291,000 $ 59,377 $ 430,889 As of and for the year ended December 31, 2015 Real Estate Commercial Construction Real Estate Consumer Loans and Land Mortgages Loans Total Allowance for Loan Losses: Balance as of January 1, 2015 $ 674 $ 102 $ 2,360 $ 28 $ 3,164 Charge-offs (126 ) - (12 ) (3 ) (141 ) Recoveries 35 - 46 - 81 Provision for (recovery of) loan losses 214 57 198 (6 ) 463 Ending Balance $ 797 $ 159 $ 2,592 $ 19 $ 3,567 Ending Balance: Individually evaluated for impairment $ - $ - $ - $ - $ - Collectively evaluated for impairment 797 159 2,592 19 3,567 Loans: Individually evaluated for impairment $ - $ 59 $ 1,560 $ - $ 1,619 Collectively evaluated for impairment 70,868 18,852 267,841 64,484 422,045 Ending Balance $ 70,868 $ 18,911 $ 269,401 $ 64,484 $ 423,664
Schedule of Aging of Past Due Loans	90 Days Past Due Aging as of 30-59 60-89 90 Days or Past Due September 30, 2016 Days Past Days Past More Past Total Past Total and Still Due Due Due Due Current Loans Accruing Commercial loans Commercial and industrial - organic $ 3 $ - $ - $ 3 $ 42,429 $ 42,432 $ - Commercial and industrial - syndicated - - - - 18,452 18,452 - Real estate construction and land Residential construction - - - - 1,192 1,192 - Commercial construction - - - - 7,917 7,917 - Other construction and land 20 - 23 43 10,476 10,519 - Real estate mortgages 1-4 family residential, first lien, investment - - - - 36,110 36,110 - 1-4 family residential, first lien, owner occupied - - - - 16,887 16,887 - 1-4 family residential, junior lien - - - - 3,001 3,001 - Home equity lines of credit, first lien - - - - 8,348 8,348 - Home equity lines of credit, junior lien - - - - 14,518 14,518 - Farm - - - - 8,466 8,466 - Multifamily - - - - 21,764 21,764 - Commercial owner occupied - - - - 80,632 80,632 - Commercial non-owner occupied - - - - 101,274 101,274 - Consumer loans Consumer revolving credit - - - - 14,423 14,423 - Consumer all other credit - 1 - 1 11,419 11,420 - Student loans purchased 418 92 389 899 32,635 33,534 389 Total Loans $ 441 $ 93 $ 412 $ 946 $ 429,943 $ 430,889 $ 389 90 Days Past Due Aging as of 30-59 60-89 90 Days or Past Due December 31, 2015 Days Past Days Past More Past Total Past Total and Still Due Due Due Due Current Loans Accruing Commercial loans Commercial and industrial - organic $ 211 $ 40 $ - $ 251 $ 46,964 $ 47,215 $ - Commercial and industrial - syndicated - - - - 23,653 23,653 - Real estate construction and land Residential construction - - - - 2,178 2,178 - Commercial construction - - - - 6,214 6,214 - Other construction and land 7 - - 7 10,512 10,519 - Real estate mortgages 1-4 family residential, first lien, investment - - - - 31,128 31,128 - 1-4 family residential, first lien, owner occupied 93 - - 93 20,790 20,883 - 1-4 family residential, junior lien 63 36 - 99 3,671 3,770 - Home equity lines of credit, first lien - - - - 11,930 11,930 - Home equity lines of credit, junior lien - - - - 15,670 15,670 - Farm - - - - 7,762 7,762 - Multifamily - - - - 20,209 20,209 - Commercial owner occupied - - - - 66,244 66,244 - Commercial non-owner occupied - - - - 91,805 91,805 - Consumer loans Consumer revolving credit - - - - 17,174 17,174 - Consumer all other credit 58 1 - 59 11,596 11,655 - Student loans purchased 813 1 - 814 34,841 35,655 - Total Loans $ 1,245 $ 78 $ - $ 1,323 $ 422,341 $ 423,664 $ -

Intangible Assets (Tables)

Intangible Assets (Tables)	9 Months Ended
	Sep. 30, 2016
Goodwill and Intangible Assets Disclosure [Abstract]
Schedule of the net asset values, as determined by an independent third party, based on the fair value measurement	Estimated % of Total Economic Useful Fair Value Intangible Assets Life Identified Intangible Assets Non-Compete Agreement $ 103 9.0 % 3 years Customer Relationships Intangible 670 58.5 % 10 years Total Identified Intangible Assets $ 773 67.5 % Goodwill $ 372 32.5 % Indefinite Total Intangible Assets $ 1,145 100.0 %
Schedule of gross and net balance of intangible assets	Gross Carrying Accumulated Net Carrying Value Amortization Value Identified Intangible Assets Non-Compete Agreement $ 103 $ 23 $ 80 Customer Relationships Intangible 670 45 $ 625 Total Identified Intangible Assets $ 773 $ 68 $ 705

Net Income Per Share and Stoc25

Net Income Per Share and Stock Repurchase Program (Tables)	9 Months Ended
	Sep. 30, 2016
Earnings Per Share [Abstract]
Schedule of weighted average number of shares used in computing earnings per share	Three Months Ended September 30, 2016 September 30, 2015 Weighted Per Weighted Per Average Share Average Share Net Income Shares Amount Net Income Shares Amount Basic net income per share $ 1,396 2,366,530 $ 0.59 $ 839 2,435,874 $ 0.34 Effect of dilutive stock options - 13,863 - - 9,806 - Diluted net income per share $ 1,396 2,380,393 $ 0.59 $ 839 2,445,680 $ 0.34 Nine Months Ended September 30, 2016 September 30, 2015 Weighted Per Weighted Per Average Share Average Share Net Income Shares Amount Net Income Shares Amount Basic net income per share $ 4,261 2,369,517 $ 1.80 $ 2,021 2,566,308 $ 0.79 Effect of dilutive stock options - 14,393 - - 9,609 - Diluted net income per share $ 4,261 2,383,910 $ 1.79 $ 2,021 2,575,917 $ 0.79

Stock Incentive Plans (Tables)

Stock Incentive Plans (Tables)	9 Months Ended
	Sep. 30, 2016
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Summary of Shares Issued and Available Under Each Plans	2003 Plan 2005 Plan 2014 Plan Aggregate shares issuable 128,369 230,000 250,000 Options issued, net of forfeited and expired options (108,054 ) (106,722 ) - Cancelled due to Plan expiration (20,315 ) (123,278 ) - Remaining available for grant - - 250,000 Grants issued and outstanding: Total vested and unvested shares 24,464 98,579 - Fully vested shares 24,464 94,829 - Exercise price range $18.26 to $11.74 to N/A $18.26 $36.74
Summary of Stock Option Activity	September 30, 2016 Weighted Average Aggregate Number of Options Exercise Price Intrinsic Value Outstanding at January 1, 2016 152,118 $ 25.36 $ 354 Exercised (11,250 ) $ 15.96 Expired (17,825 ) 32.43 - Outstanding at September 30, 2016 123,043 $ 25.19 $ 336 Options exercisable at September 30, 2016 119,293 $ 25.45 $ 305
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 to 20.00 34,514 3.5 Years $ 17.57 30,764 $ 17.63 $20.01 to 30.00 58,514 1.4 Years 24.83 58,514 24.83 $30.01 to 36.74 30,015 0.2 Years 34.67 30,015 34.67 Total 123,043 1.7 Years $ 25.19 119,293 $ 25.45

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	9 Months Ended
	Sep. 30, 2016
Fair Value Disclosures [Abstract]
Schedule of Available for Sale Securities Measured at Fair Value on a Recurring Basis	Fair Value Measurements at September 30, 2016 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 $ 14,955 $ - $ 14,955 $ - Corporate bonds 6,126 - 6,126 - Mortgage-backed securities/CMOs 31,497 - 31,497 - Municipal bonds 17,869 - 17,869 - Total securities available for sale $ 70,447 $ - $ 70,447 $ - Fair Value Measurements at December 31, 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 $ 11,378 $ - $ 11,378 $ - Corporate bonds 5,964 - 5,964 - Mortgage-backed securities/CMOs 36,687 - 36,687 - Municipal bonds 20,772 - 20,772 - Total securities available for sale $ 74,801 $ - $ 74,801 $ -
Schedule of the Carrying Values and Estimated Fair Values of the Bank's Financial Instruments	Fair Value Measurement at September 30, 2016 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 $ 42,028 $ 42,028 $ - $ - $ 42,028 Available for sale securities 70,447 - 70,447 - 70,447 Loans, net 427,611 - - 419,881 419,881 Bank owned life insurance 13,807 - 13,807 - 13,807 Accrued interest receivable 1,382 - 326 1,056 1,382 Liabilities Demand deposits and interest-bearing transaction and money market accounts $ 382,774 $ - $ 382,774 $ - $ 382,774 Certificates of deposit 112,405 - 112,395 - 112,395 Securities sold under agreements to repurchase 13,540 - 13,540 - 13,540 Accrued interest payable 108 - 108 - 108 Fair Value Measurement at December 31, 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 $ 43,527 $ 43,527 $ - $ - $ 43,527 Available for sale securities 74,801 - 74,801 - 74,801 Loans, net 420,097 - - 418,774 418,774 Bank owned life insurance 13,476 - 13,476 - 13,476 Accrued interest receivable 1,611 - 369 1,242 1,611 Liabilities Demand deposits and interest-bearing transaction and money market accounts $ 377,849 $ - $ 377,849 $ - $ 377,849 Certificates of deposit 108,618 - 108,578 - 108,578 Securities sold under agreements to repurchase 23,156 - 23,156 - 23,156 Accrued interest payable 106 - 106 - 106

Other Comprehensive Income (Tab

Other Comprehensive Income (Tables)	9 Months Ended
	Sep. 30, 2016
Other Comprehensive Income (Loss), Tax [Abstract]
Schedule of Comprehensive Income	Three Months Ended Nine Months Ended September 30, 2016 September 30, 2015 September 30, 2016 June 30, 2015 Available for sale securities Realized gains on sales of securities $ 181 $ 23 $ 189 $ 69 Tax effect (62 ) (8 ) (64 ) (23 ) Realized gains, net of tax $ 119 $ 15 $ 125 $ 46

Segment Reporting (Tables)

Segment Reporting (Tables)	9 Months Ended
	Sep. 30, 2016
Segment Reporting [Abstract]
Schedule of segment reporting information	Three months ended September 30, 2016 Bank VNB Wealth Consolidated Net interest income $ 4,526 $ 11 $ 4,537 Provision for loan losses 104 - 104 Noninterest income 909 504 1,413 Noninterest expense 3,291 530 3,821 Income (loss) before income taxes 2,040 (15 ) 2,025 Provision for (benefit of) income taxes 634 (5 ) 629 Net income (loss) $ 1,406 $ (10 ) $ 1,396 Total assets $ 559,933 $ 9,606 $ 569,539 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 Nine months ended September 30, 2016 Bank VNB Wealth Consolidated Net interest income $ 13,447 $ 34 $ 13,481 Provision for (recovery of) loan losses (291 ) - (291 ) Noninterest income 2,332 1,455 3,787 Noninterest expense 9,645 1,732 11,377 Income (loss) before income taxes 6,425 (243 ) 6,182 Provision for (benefit of) income taxes 2,003 (82 ) 1,921 Net income (loss) $ 4,422 $ (161 ) $ 4,261 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

Securities (Amortized Cost and

Securities (Amortized Cost and Fair Values of Securities Available for Sale) (Details)) - USD ($) $ in Thousands	Sep. 30, 2016	Dec. 31, 2015
Available for Sale
Amortized Cost	$ 69,670	$ 74,979
Gross Unrealized Gains	854	447
Gross Unrealized Losses	(77)	(625)
Available for Sale, Fair Value	70,447	74,801
U.S. Government agencies [Member]
Available for Sale
Amortized Cost	14,998	11,260
Gross Unrealized Gains	6	137
Gross Unrealized Losses	(49)	(19)
Available for Sale, Fair Value	14,955	11,378
Corporate bonds [Member]
Available for Sale
Amortized Cost	6,016	6,027
Gross Unrealized Gains	110
Gross Unrealized Losses		(63)
Available for Sale, Fair Value	6,126	5,964
Mortgage-backed securities/CMOs [Member]
Available for Sale
Amortized Cost	31,197	37,077
Gross Unrealized Gains	327	60
Gross Unrealized Losses	(27)	(450)
Available for Sale, Fair Value	31,497	36,687
Municipal bonds [Member]
Available for Sale
Amortized Cost	17,459	20,615
Gross Unrealized Gains	411	250
Gross Unrealized Losses	(1)	(93)
Available for Sale, Fair Value	$ 17,869	$ 20,772

Securities (Schedule of Unreali

Securities (Schedule of Unrealized Losses) (Details) - USD ($) $ in Thousands	Sep. 30, 2016	Dec. 31, 2015
Schedule of Available-for-sale Securities [Line Items]
Continuous Unrealized Loss Position of Less Than 12 Months, Estimated Fair value	$ 10,071	$ 29,755
Continuous Unrealized Loss Position of 12 Months or More, Estimated Fair value	2,860	12,392
Total, Estimated Fair value	12,931	42,147
Continuous Unrealized Loss Position of Less Than 12 Months, Unrealized losses	(50)	(306)
Continuous Unrealized Loss Position of 12 Months or More, Unrealized losses	(27)	(319)
Total, Unrealized losses	(77)	(625)
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	9,450
Continuous Unrealized Loss Position of 12 Months or More, Estimated Fair value		980
Total, Estimated Fair value	9,450	980
Continuous Unrealized Loss Position of Less Than 12 Months, Unrealized losses	(49)
Continuous Unrealized Loss Position of 12 Months or More, Unrealized losses		(19)
Total, Unrealized losses	(49)	(19)
Mortgage-backed securities/CMOs [Member]
Schedule of Available-for-sale Securities [Line Items]
Continuous Unrealized Loss Position of Less Than 12 Months, Estimated Fair value		21,003
Continuous Unrealized Loss Position of 12 Months or More, Estimated Fair value	2,860	9,504
Total, Estimated Fair value	2,860	30,507
Continuous Unrealized Loss Position of Less Than 12 Months, Unrealized losses		(212)
Continuous Unrealized Loss Position of 12 Months or More, Unrealized losses	(27)	(238)
Total, Unrealized losses	(27)	(450)
Municipal bonds [Member]
Schedule of Available-for-sale Securities [Line Items]
Continuous Unrealized Loss Position of Less Than 12 Months, Estimated Fair value	621	2,788
Continuous Unrealized Loss Position of 12 Months or More, Estimated Fair value		1,908
Total, Estimated Fair value	621	4,696
Continuous Unrealized Loss Position of Less Than 12 Months, Unrealized losses	(1)	(31)
Continuous Unrealized Loss Position of 12 Months or More, Unrealized losses		(62)
Total, Unrealized losses	$ (1)	(93)
Corporate bonds [Member]
Schedule of Available-for-sale Securities [Line Items]
Continuous Unrealized Loss Position of Less Than 12 Months, Estimated Fair value		5,964
Continuous Unrealized Loss Position of 12 Months or More, Estimated Fair value
Total, Estimated Fair value		5,964
Continuous Unrealized Loss Position of Less Than 12 Months, Unrealized losses		(63)
Continuous Unrealized Loss Position of 12 Months or More, Unrealized losses
Total, Unrealized losses		$ (63)

Securities (Narrative) (Details

Securities (Narrative) (Details) $ in Thousands	9 Months Ended
	Sep. 30, 2016USD ($)item	Sep. 30, 2015USD ($)	Dec. 31, 2015USD ($)
Schedule of Investments [Line Items]
Number of securities designated as available for sale securities having unrealized loss | item	9
Proceeds from the sales of securities	$ 2,700	$ 17,500
Gross net realized gains on sale of securities	44	55
Securities pledged to secure deposits and for other purposes required by law	36,900		$ 42,200
Restricted securities, at cost	1,709		1,681
Available-for-sale Securities, Continuous Unrealized Loss Position, Fair Value	12,931		42,147
Unrealized loss of available for sale securities	77		625
Proceeds from calls of additional securities	10,700	17,400
Gains on sales of additional securities	$ 145	$ 14
Municipal bonds [Member]
Schedule of Investments [Line Items]
Number of securities designated as available for sale securities having unrealized loss | item	1
Available-for-sale Securities, Continuous Unrealized Loss Position, Fair Value	$ 621		4,696
Unrealized loss of available for sale securities	$ 1		93
Agency Note [Member]
Schedule of Investments [Line Items]
Number of securities designated as available for sale securities having unrealized loss | item	3
Mortgage-backed securities/CMOs [Member]
Schedule of Investments [Line Items]
Number of securities designated as available for sale securities having unrealized loss | item	5
Available-for-sale Securities, Continuous Unrealized Loss Position, Fair Value	$ 2,860		30,507
Unrealized loss of available for sale securities	$ 27		$ 450

Loans (Schedule of Composition

Loans (Schedule of Composition of Loan Portfolio by Loan Classification) (Details) - USD ($) $ in Thousands	Sep. 30, 2016	Dec. 31, 2015
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans	$ 430,889	$ 423,664
Allowance for loan losses	(3,278)	(3,567)
Loans, net	427,611	420,097
Commercial and industrial - organic [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans	42,432	47,215
Commercial and industrial - syndicated [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans	18,452	23,653
Commercial Loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans	60,884	70,868
Residential construction [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans	1,192	2,178
Commercial construction [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans	7,917	6,214
Land and land development [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans	10,519	10,519
Real Estate Construction and Land [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans	19,628	18,911
1-4 family residential, first lien, investment [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans	36,110	31,128
1-4 family residential, first lien, owner occupied [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans	16,887	20,883
1-4 family residential, junior lien [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans	3,001	3,770
Home equity lines of credit, first lien [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans	8,348	11,930
Home equity lines of credit, junior lien [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans	14,518	15,670
Farm [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans	8,466	7,762
Multifamily [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans	21,764	20,209
Commercial owner occupied [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans	80,632	66,244
Commercial non-owner occupied real estate [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans	101,274	91,805
Real Estate Mortgages [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans	291,000	269,401
Consumer revolving credit [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans	14,423	17,174
Consumer all other credit [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans	11,420	11,655
Student Loans Purchased [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans	33,534	35,655
Consumer Loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans	$ 59,377	$ 64,484

Loans (Impaired Loans by Loan C

Loans (Impaired Loans by Loan Classification) (Details) - USD ($) $ in Thousands	9 Months Ended	12 Months Ended
	Sep. 30, 2016	Dec. 31, 2015
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	2,425	1,619
Unpaid Principal Balance, total	2,505	1,688
Associated Allowance, total
Average Recorded Investment, total	1,953	1,833
Interest Income Recognized, total	79	70
Land and land development [Member]
Financing Receivable, Impaired [Line Items]
Recorded Investment, without a valuation allowance	53	59
Unpaid Principal Balance, without a valuation allowance	101	103
Associated Allowance, without a valuation allowance
Average Recorded Investment, without a valuation allowance	56	64
Interest Income Recognized, without a valuation allowance
1-4 family residential, first lien, owner occupied [Member]
Financing Receivable, Impaired [Line Items]
Recorded Investment, without a valuation allowance	120	132
Unpaid Principal Balance, without a valuation allowance	152	157
Associated Allowance, without a valuation allowance
Average Recorded Investment, without a valuation allowance	125	200
Interest Income Recognized, without a valuation allowance		2
1-4 family residential, junior lien [Member]
Financing Receivable, Impaired [Line Items]
Recorded Investment, without a valuation allowance	357	367
Unpaid Principal Balance, without a valuation allowance	357	367
Associated Allowance, without a valuation allowance
Average Recorded Investment, without a valuation allowance	361	485
Interest Income Recognized, without a valuation allowance	12	21
Commercial non-owner occupied real estate [Member]
Financing Receivable, Impaired [Line Items]
Recorded Investment, without a valuation allowance	1,027	1,061
Unpaid Principal Balance, without a valuation allowance	1,027	1,061
Associated Allowance, without a valuation allowance
Average Recorded Investment, without a valuation allowance	1,042	1,080
Interest Income Recognized, without a valuation allowance	34	47
Student Loans Purchased [Member]
Financing Receivable, Impaired [Line Items]
Recorded Investment, without a valuation allowance	868
Unpaid Principal Balance, without a valuation allowance	868
Associated Allowance, without a valuation allowance
Average Recorded Investment, without a valuation allowance	369
Interest Income Recognized, without a valuation allowance	$ 33
Commercial and industrial - organic [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		4
Interest Income Recognized, without a valuation allowance

Loans (Non-Accrual Loans by Loa

Loans (Non-Accrual Loans by Loan Classification) (Details) - USD ($) $ in Thousands	Sep. 30, 2016	Dec. 31, 2015
Financing Receivable, Recorded Investment [Line Items]
Total nonaccrual loans	$ 173	$ 191
Land and land development [Member]
Financing Receivable, Recorded Investment [Line Items]
Total nonaccrual loans	53	59
1-4 family residential, first lien, owner occupied [Member]
Financing Receivable, Recorded Investment [Line Items]
Total nonaccrual loans	$ 120	$ 132

Loans (Schedule of Loans Modifi

Loans (Schedule of Loans Modified Under the Terms of a TDR) (Details) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2016USD ($)item	Sep. 30, 2015USD ($)item	Sep. 30, 2016USD ($)item	Sep. 30, 2015USD ($)item
Financing Receivable, Modifications [Line Items]
Number of Loans | item	12	0	50	0
Pre-Modification Recorded Balance	$ 134		$ 847
Post-Modification Recorded Balance	$ 134		$ 868
Student Loans Purchased [Member]
Financing Receivable, Modifications [Line Items]
Number of Loans | item	12	0	50	0
Pre-Modification Recorded Balance	$ 134		$ 847
Post-Modification Recorded Balance	$ 134		$ 868

Loans (Schedule of Troubled Deb

Loans (Schedule of Troubled Debt Restructurings) (Details) $ in Thousands	Sep. 30, 2016USD ($)item	Dec. 31, 2015USD ($)item
Financing Receivable, Recorded Investment [Line Items]
Number of loans | item	54	4
Total Troubled Debt Restructurings | $	$ 2,282	$ 1,462
Performing [Member]
Financing Receivable, Recorded Investment [Line Items]
Number of loans | item	53	3
Total Troubled Debt Restructurings | $	$ 2,252	$ 1,428
Performing [Member] | 1-4 family residential mortgages, junior lien [Member]
Financing Receivable, Recorded Investment [Line Items]
Number of loans | item	2	2
Total Troubled Debt Restructurings | $	$ 357	$ 367
Performing [Member] | Commercial non-owner occupied real estate [Member]
Financing Receivable, Recorded Investment [Line Items]
Number of loans | item	1	1
Total Troubled Debt Restructurings | $	$ 1,027	$ 1,061
Performing [Member] | Student Loans Purchased [Member]
Financing Receivable, Recorded Investment [Line Items]
Number of loans | item	50
Total Troubled Debt Restructurings | $	$ 868
Nonperforming [Member] | Land and land development [Member]
Financing Receivable, Recorded Investment [Line Items]
Number of loans | item	1	1
Total Troubled Debt Restructurings | $	$ 30	$ 34

Loans (Narrative) (Details)

Loans (Narrative) (Details) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2016item	Sep. 30, 2015item	Sep. 30, 2016USD ($)item	Sep. 30, 2015item
Number of Loans	12	0	50	0
Student Loans Purchased [Member]
Number of Loans	12	0	50	0
Total Troubled Debt Restructurings | $			$ 868

Allowance for Loan Losses (Effe

Allowance for Loan Losses (Effect of the changes in methodology) (Details) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2016	Sep. 30, 2015
Financing Receivable, Recorded Investment [Line Items]
Provision (Recovery) of Loan Losses	$ (291)	$ 405
Difference	(129)
Based On Prior Methodology [Member]
Financing Receivable, Recorded Investment [Line Items]
Provision (Recovery) of Loan Losses	(162)
Commercial Loans [Member]
Financing Receivable, Recorded Investment [Line Items]
Provision (Recovery) of Loan Losses	(255)
Difference	(143)
Commercial Loans [Member] | Based On Prior Methodology [Member]
Financing Receivable, Recorded Investment [Line Items]
Provision (Recovery) of Loan Losses	(112)
Real Estate Construction and Land [Member]
Financing Receivable, Recorded Investment [Line Items]
Provision (Recovery) of Loan Losses	5
Difference	(8)
Real Estate Construction and Land [Member] | Based On Prior Methodology [Member]
Financing Receivable, Recorded Investment [Line Items]
Provision (Recovery) of Loan Losses	13
Real Estate Mortgages [Member]
Financing Receivable, Recorded Investment [Line Items]
Provision (Recovery) of Loan Losses	(200)
Difference	(106)
Real Estate Mortgages [Member] | Based On Prior Methodology [Member]
Financing Receivable, Recorded Investment [Line Items]
Provision (Recovery) of Loan Losses	(94)
Consumer Loans [Member]
Financing Receivable, Recorded Investment [Line Items]
Provision (Recovery) of Loan Losses	159
Difference	128
Consumer Loans [Member] | Based On Prior Methodology [Member]
Financing Receivable, Recorded Investment [Line Items]
Provision (Recovery) of Loan Losses	$ 31

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, 2016	Dec. 31, 2015
Financing Receivable, Recorded Investment [Line Items]
Loans	$ 430,889	$ 423,664
Excellent [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans	1,352	1,574
Good [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans	49,519	58,308
Pass [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans	366,782	349,122
Watch [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans	5,380	6,195
Special Mention [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans	1,150	2,251
Substandard [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans	6,706	6,214
Commercial and industrial - organic [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans	42,432	47,215
Commercial and industrial - organic [Member] | Excellent [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans	1,091	1,238
Commercial and industrial - organic [Member] | Good [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans	24,848	30,221
Commercial and industrial - organic [Member] | Pass [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans	16,049	15,599
Commercial and industrial - organic [Member] | Watch [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans	9	101
Commercial and industrial - organic [Member] | Special Mention [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans	243	25
Commercial and industrial - organic [Member] | Substandard [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans	192	31
Commercial and industrial - syndicated [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans	18,452	23,653
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	15,512	20,691
Commercial and industrial - syndicated [Member] | Watch [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans
Commercial and industrial - syndicated [Member] | Special Mention [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans
Commercial and industrial - syndicated [Member] | Substandard [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans	2,940	2,962
Residential construction [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans	1,192	2,178
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	1,192	2,178
Residential construction [Member] | Watch [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans
Residential construction [Member] | Special Mention [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans
Residential construction [Member] | Substandard [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans
Commercial construction [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans	7,917	6,214
Commercial construction [Member] | Excellent [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans
Commercial construction [Member] | Good [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans
Commercial construction [Member] | Pass [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans	7,917	6,214
Commercial construction [Member] | Watch [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans
Commercial construction [Member] | Special Mention [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans
Commercial construction [Member] | Substandard [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans
Land and land development [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans	10,519	10,519
Land and land development [Member] | Excellent [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans
Land and land development [Member] | Good [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans
Land and land development [Member] | Pass [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans	9,428	9,369
Land and land development [Member] | Watch [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans	6	8
Land and land development [Member] | Special Mention [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans	485	515
Land and land development [Member] | Substandard [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans	600	627
1-4 family residential, first lien, investment [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans	36,110	31,128
1-4 family residential, first lien, investment [Member] | Excellent [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans
1-4 family residential, first lien, investment [Member] | Good [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans
1-4 family residential, first lien, investment [Member] | Pass [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans	33,657	28,832
1-4 family residential, first lien, investment [Member] | Watch [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans	1,734	1,885
1-4 family residential, first lien, investment [Member] | Special Mention [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans	230	232
1-4 family residential, first lien, investment [Member] | Substandard [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans	489	179
1-4 family residential, first lien, owner occupied [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans	16,887	20,883
1-4 family residential, first lien, owner occupied [Member] | Excellent [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans
1-4 family residential, first lien, owner occupied [Member] | Good [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans		1,500
1-4 family residential, first lien, owner occupied [Member] | Pass [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans	15,453	18,796
1-4 family residential, first lien, owner occupied [Member] | Watch [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans	328	335
1-4 family residential, first lien, owner occupied [Member] | Special Mention [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans
1-4 family residential, first lien, owner occupied [Member] | Substandard [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans	1,106	252
1-4 family residential, junior lien [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans	3,001	3,770
1-4 family residential, junior lien [Member] | Excellent [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans
1-4 family residential, junior lien [Member] | Good [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans
1-4 family residential, junior lien [Member] | Pass [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans	2,335	3,060
1-4 family residential, junior lien [Member] | Watch [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans	330	130
1-4 family residential, junior lien [Member] | Special Mention [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans	192	418
1-4 family residential, junior lien [Member] | Substandard [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans	144	162
Home equity lines of credit, first lien [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans	8,348	11,930
Home equity lines of credit, first lien [Member] | Excellent [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans
Home equity lines of credit, first lien [Member] | Good [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans
Home equity lines of credit, first lien [Member] | Pass [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans	8,308	11,890
Home equity lines of credit, first lien [Member] | Watch [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans	40	40
Home equity lines of credit, first lien [Member] | Special Mention [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans
Home equity lines of credit, first lien [Member] | Substandard [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans
Home equity lines of credit, junior lien [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans	14,518	15,670
Home equity lines of credit, junior lien [Member] | Excellent [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans
Home equity lines of credit, junior lien [Member] | Good [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans
Home equity lines of credit, junior lien [Member] | Pass [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans	14,407	15,588
Home equity lines of credit, junior lien [Member] | Watch [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans
Home equity lines of credit, junior lien [Member] | Special Mention [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans
Home equity lines of credit, junior lien [Member] | Substandard [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans	111	82
Farm [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans	8,466	7,762
Farm [Member] | Excellent [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans
Farm [Member] | Good [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans
Farm [Member] | Pass [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans	8,466	7,762
Farm [Member] | Watch [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans
Farm [Member] | Special Mention [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans
Farm [Member] | Substandard [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans
Multifamily [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans	21,764	20,209
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	21,764	20,209
Multifamily [Member] | Watch [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans
Multifamily [Member] | Special Mention [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans
Multifamily [Member] | Substandard [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans
Commercial owner occupied [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans	80,632	66,244
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	701
Commercial owner occupied [Member] | Pass [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans	78,899	61,803
Commercial owner occupied [Member] | Watch [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans	1,032	3,694
Commercial owner occupied [Member] | Special Mention [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans
Commercial owner occupied [Member] | Substandard [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans		747
Commercial non-owner occupied real estate [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans	101,274	91,805
Commercial non-owner occupied real estate [Member] | Excellent [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans
Commercial non-owner occupied real estate [Member] | Good [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans
Commercial non-owner occupied real estate [Member] | Pass [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans	99,163	89,619
Commercial non-owner occupied real estate [Member] | Watch [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans	1,028
Commercial non-owner occupied real estate [Member] | Special Mention [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans		1,061
Commercial non-owner occupied real estate [Member] | Substandard [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans	1,083	1,125
Consumer revolving credit [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans	14,423	17,174
Consumer revolving credit [Member] | Excellent [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans	70	104
Consumer revolving credit [Member] | Good [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans	13,790	16,524
Consumer revolving credit [Member] | Pass [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans	559	540
Consumer revolving credit [Member] | Watch [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans
Consumer revolving credit [Member] | Special Mention [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans
Consumer revolving credit [Member] | Substandard [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans	4	6
Consumer all other credit [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans	11,420	11,655
Consumer all other credit [Member] | Excellent [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans	191	232
Consumer all other credit [Member] | Good [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans	10,180	10,063
Consumer all other credit [Member] | Pass [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans	1,007	1,317
Consumer all other credit [Member] | Watch [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans	5	2
Consumer all other credit [Member] | Special Mention [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans
Consumer all other credit [Member] | Substandard [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans	37	41
Student Loans Purchased [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans	33,534	35,655
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
Student Loans Purchased [Member] | Pass [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans	32,666	35,655
Student Loans Purchased [Member] | Watch [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans	868
Student Loans Purchased [Member] | Special Mention [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans
Student Loans Purchased [Member] | Substandard [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans

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, 2016	Sep. 30, 2015	Sep. 30, 2016	Sep. 30, 2015	Dec. 31, 2015
Allowance for loan losses:
Beginning Balance			$ 3,567	$ 3,164	$ 3,164
Charge-offs			(36)		(141)
Recoveries			38		81
Provision for (recovery of) loan losses	$ 104	$ 88	(291)	405	463
Ending Balance	3,278		3,278		3,567
Ending balance: Individually evaluated for impairment
Ending balance: Collectively evaluated for impairment	3,278		3,278		3,567
Financing Receivables:
Individually evaluated for impairment	2,425		2,425		1,619
Collectively evaluated for impairment	428,464		428,464		422,045
Ending Balance	430,889		430,889		423,664
Commercial Loans [Member]
Allowance for loan losses:
Beginning Balance			797	674	674
Charge-offs			(24)		(126)
Recoveries			28		35
Provision for (recovery of) loan losses			(255)		214
Ending Balance	546		546		797
Ending balance: Individually evaluated for impairment
Ending balance: Collectively evaluated for impairment	546		546		797
Financing Receivables:
Individually evaluated for impairment
Collectively evaluated for impairment	60,884		60,884		70,868
Ending Balance	60,884		60,884		70,868
Real Estate Construction and Land [Member]
Allowance for loan losses:
Beginning Balance			159	102	102
Charge-offs
Recoveries
Provision for (recovery of) loan losses			(5)		57
Ending Balance	164		164		159
Ending balance: Individually evaluated for impairment
Ending balance: Collectively evaluated for impairment	164		164		159
Financing Receivables:
Individually evaluated for impairment	53		53		59
Collectively evaluated for impairment	19,575		19,575		18,852
Ending Balance	19,628		19,628		18,911
Real Estate Mortgages [Member]
Allowance for loan losses:
Beginning Balance			2,592	2,360	2,360
Charge-offs			(12)		(12)
Recoveries			2		46
Provision for (recovery of) loan losses			(200)		198
Ending Balance	2,382		2,382		2,592
Ending balance: Individually evaluated for impairment
Ending balance: Collectively evaluated for impairment	2,382		2,382		2,592
Financing Receivables:
Individually evaluated for impairment	1,504		1,504		1,560
Collectively evaluated for impairment	289,496		289,496		267,841
Ending Balance	291,000		291,000		269,401
Consumer Loans [Member]
Allowance for loan losses:
Beginning Balance			19	$ 28	28
Charge-offs					(3)
Recoveries			8
Provision for (recovery of) loan losses			159		(6)
Ending Balance	186		186		19
Ending balance: Individually evaluated for impairment
Ending balance: Collectively evaluated for impairment	186		186		19
Financing Receivables:
Individually evaluated for impairment	868		868
Collectively evaluated for impairment	58,509		58,509		64,484
Ending Balance	$ 59,377		$ 59,377		$ 64,484

Allowance for Loan Losses (Sche

Allowance for Loan Losses (Schedule of Aging of Past Due Loans) (Details) - USD ($) $ in Thousands	Sep. 30, 2016	Dec. 31, 2015
Past Due and Non-Accrual Loans
Total Past Due	$ 946	$ 1,323
Current	429,943	422,341
Total Loans	430,889	423,664
90 Days Past Due and Still Accruing	389
30-59 Days Past Due [Member]
Past Due and Non-Accrual Loans
Total Past Due	441	1,245
60-89 Days Past Due [Member]
Past Due and Non-Accrual Loans
Total Past Due	93	78
90 Days or More Past Due [Member]
Past Due and Non-Accrual Loans
Total Past Due	412
Commercial and industrial - organic [Member]
Past Due and Non-Accrual Loans
Total Past Due	3	251
Current	42,429	46,964
Total Loans	42,432	47,215
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	3	211
Commercial and industrial - organic [Member] | 60-89 Days Past Due [Member]
Past Due and Non-Accrual Loans
Total Past Due		40
Commercial and industrial - organic [Member] | 90 Days or More 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	18,452	23,653
Total Loans	18,452	23,653
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] | 60-89 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
Residential construction [Member]
Past Due and Non-Accrual Loans
Total Past Due
Current	1,192	2,178
Total Loans	1,192	2,178
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] | 60-89 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
Commercial construction [Member]
Past Due and Non-Accrual Loans
Total Past Due
Current	7,917	6,214
Total Loans	7,917	6,214
90 Days Past Due and Still Accruing
Commercial construction [Member] | 30-59 Days Past Due [Member]
Past Due and Non-Accrual Loans
Total Past Due
Commercial construction [Member] | 60-89 Days Past Due [Member]
Past Due and Non-Accrual Loans
Total Past Due
Commercial construction [Member] | 90 Days or More 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	43	7
Current	10,476	10,512
Total Loans	10,519	10,519
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	20	7
Other construction and land [Member] | 60-89 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	23
1-4 family residential, first lien, investment [Member]
Past Due and Non-Accrual Loans
Total Past Due
Current	36,110	31,128
Total Loans	36,110	31,128
90 Days Past Due and Still Accruing
1-4 family residential, first lien, investment [Member] | 30-59 Days Past Due [Member]
Past Due and Non-Accrual Loans
Total Past Due
1-4 family residential, first lien, investment [Member] | 60-89 Days Past Due [Member]
Past Due and Non-Accrual Loans
Total Past Due
1-4 family residential, first lien, investment [Member] | 90 Days or More Past Due [Member]
Past Due and Non-Accrual Loans
Total Past Due
1-4 family residential, first lien, owner occupied [Member]
Past Due and Non-Accrual Loans
Total Past Due		93
Current	16,887	20,790
Total Loans	16,887	20,883
90 Days Past Due and Still Accruing
1-4 family residential, first lien, owner occupied [Member] | 30-59 Days Past Due [Member]
Past Due and Non-Accrual Loans
Total Past Due		93
1-4 family residential, first lien, owner occupied [Member] | 60-89 Days Past Due [Member]
Past Due and Non-Accrual Loans
Total Past Due
1-4 family residential, first lien, owner occupied [Member] | 90 Days or More Past Due [Member]
Past Due and Non-Accrual Loans
Total Past Due
1-4 family residential, junior lien [Member]
Past Due and Non-Accrual Loans
Total Past Due		99
Current	3,001	3,671
Total Loans	3,001	3,770
90 Days Past Due and Still Accruing
1-4 family residential, junior lien [Member] | 30-59 Days Past Due [Member]
Past Due and Non-Accrual Loans
Total Past Due		63
1-4 family residential, junior lien [Member] | 60-89 Days Past Due [Member]
Past Due and Non-Accrual Loans
Total Past Due		36
1-4 family residential, junior lien [Member] | 90 Days or More Past Due [Member]
Past Due and Non-Accrual Loans
Total Past Due
Home equity lines of credit, first lien [Member]
Past Due and Non-Accrual Loans
Total Past Due
Current	8,348	11,930
Total Loans	8,348	11,930
90 Days Past Due and Still Accruing
Home equity lines of credit, first lien [Member] | 30-59 Days Past Due [Member]
Past Due and Non-Accrual Loans
Total Past Due
Home equity lines of credit, first lien [Member] | 60-89 Days Past Due [Member]
Past Due and Non-Accrual Loans
Total Past Due
Home equity lines of credit, first lien [Member] | 90 Days or More Past Due [Member]
Past Due and Non-Accrual Loans
Total Past Due
Home equity lines of credit, junior lien [Member]
Past Due and Non-Accrual Loans
Total Past Due
Current	14,518	15,670
Total Loans	14,518	15,670
90 Days Past Due and Still Accruing
Home equity lines of credit, junior lien [Member] | 30-59 Days Past Due [Member]
Past Due and Non-Accrual Loans
Total Past Due
Home equity lines of credit, junior lien [Member] | 60-89 Days Past Due [Member]
Past Due and Non-Accrual Loans
Total Past Due
Home equity lines of credit, junior lien [Member] | 90 Days or More Past Due [Member]
Past Due and Non-Accrual Loans
Total Past Due
Farm [Member]
Past Due and Non-Accrual Loans
Total Past Due
Current	8,466	7,762
Total Loans	8,466	7,762
90 Days Past Due and Still Accruing
Farm [Member] | 30-59 Days Past Due [Member]
Past Due and Non-Accrual Loans
Total Past Due
Farm [Member] | 60-89 Days Past Due [Member]
Past Due and Non-Accrual Loans
Total Past Due
Farm [Member] | 90 Days or More Past Due [Member]
Past Due and Non-Accrual Loans
Total Past Due
Multifamily [Member]
Past Due and Non-Accrual Loans
Total Past Due
Current	21,764	20,209
Total Loans	21,764	20,209
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] | 60-89 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
Commercial owner occupied [Member]
Past Due and Non-Accrual Loans
Total Past Due
Current	80,632	66,244
Total Loans	80,632	66,244
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] | 60-89 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 non-owner occupied real estate [Member]
Past Due and Non-Accrual Loans
Total Past Due
Current	101,274	91,805
Total Loans	101,274	91,805
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] | 60-89 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
Consumer revolving credit [Member]
Past Due and Non-Accrual Loans
Total Past Due
Current	14,423	17,174
Total Loans	14,423	17,174
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
Consumer revolving credit [Member] | 60-89 Days Past Due [Member]
Past Due and Non-Accrual Loans
Total Past Due
Consumer revolving credit [Member] | 90 Days or More 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	1	59
Current	11,419	11,596
Total Loans	11,420	11,655
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		58
Consumer all other credit [Member] | 60-89 Days Past Due [Member]
Past Due and Non-Accrual Loans
Total Past Due	1	1
Consumer all other credit [Member] | 90 Days or More Past Due [Member]
Past Due and Non-Accrual Loans
Total Past Due
Student Loans Purchased [Member]
Past Due and Non-Accrual Loans
Total Past Due	899	814
Current	32,635	34,841
Total Loans	33,534	35,655
90 Days Past Due and Still Accruing	389
Student Loans Purchased [Member] | 30-59 Days Past Due [Member]
Past Due and Non-Accrual Loans
Total Past Due	418	813
Student Loans Purchased [Member] | 60-89 Days Past Due [Member]
Past Due and Non-Accrual Loans
Total Past Due	92	1
Student Loans Purchased [Member] | 90 Days or More Past Due [Member]
Past Due and Non-Accrual Loans
Total Past Due	$ 389

Allowance for Loan Losses (Narr

Allowance for Loan Losses (Narrative) (Details) - USD ($) $ in Thousands	Sep. 30, 2016	Dec. 31, 2015
Allowance for Loan Losses [Abstract]
Impaired loans	$ 2,425	$ 1,619

Intangible Assets (Narrative) (

Intangible Assets (Narrative) (Details) - USD ($) $ in Thousands	Feb. 01, 2016	Sep. 30, 2016	Sep. 30, 2015	Dec. 31, 2015
Business Acquisition [Line Items]
Amortization expense		$ 68
Net carrying value of intangible assets which will be recognized as amortization expense in future reporting periods through 2026		705
Contingent liability		445
Senior Wealth Advisor for VNB Trust [Member]
Business Acquisition [Line Items]
Fair market value of the Purchased Relationships	$ 31,500
Purchase price	$ 1,200
Purchase price repayment term	5 years
Amortization expense		$ 68

Intangible Assets (Schedule of

Intangible Assets (Schedule of Net Asset Values, as Determined by Independent Third Party, Based on Fair Value Measurement) (Details) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2016	Dec. 31, 2015
Fair Value
Goodwill	$ 372
Non-Compete Agreement [Member]
% of Total Intangible Assets
Estimated Economic Useful Life	3 years
Customer Relationships Intangible [Member]
% of Total Intangible Assets
Estimated Economic Useful Life	10 years
Senior Wealth Advisor for VNB Trust [Member]
Fair Value
Total Identified Intangible Assets	$ 773
Goodwill	372
Total Assets	$ 1,145
% of Total Intangible Assets
Total Identified Intangible Assets	67.50%
Goodwill	32.50%
Total Intangible Assets	100.00%
Senior Wealth Advisor for VNB Trust [Member] | Non-Compete Agreement [Member]
Fair Value
Total Identified Intangible Assets	$ 103
% of Total Intangible Assets
Total Identified Intangible Assets	9.00%
Senior Wealth Advisor for VNB Trust [Member] | Customer Relationships Intangible [Member]
Fair Value
Total Identified Intangible Assets	$ 670
% of Total Intangible Assets
Total Identified Intangible Assets	58.50%

Intangible Assets (Schedule o46

Intangible Assets (Schedule of Gross and Net Balance of Intangible Assets) (Details) - USD ($) $ in Thousands	Sep. 30, 2016	Dec. 31, 2015
Acquired Finite-Lived Intangible Assets [Line Items]
Gross Carrying Value	$ 773
Accumulated Amortization	68
Net Carrying Value	705
Non-Compete Agreement [Member]
Acquired Finite-Lived Intangible Assets [Line Items]
Gross Carrying Value	103
Accumulated Amortization	23
Net Carrying Value	80
Customer Relationships Intangible [Member]
Acquired Finite-Lived Intangible Assets [Line Items]
Gross Carrying Value	670
Accumulated Amortization	45
Net Carrying Value	$ 625

Net Income Per Share and Stoc47

Net Income Per Share and Stock Repurchase Program (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2016	Sep. 30, 2015
Basic net income per share
Net Income	$ 1,396	$ 839	$ 4,261	$ 2,021
Weighted Average Shares	2,366,530	2,435,874	2,369,517	2,566,308
Per Share Amount	$ 0.59	$ 0.34	$ 1.80	$ 0.79
Effect of dilutive stock options	13,863	9,806	14,393	9,609
Diluted net income per share
Net Income	$ 1,396	$ 839	$ 4,261	$ 2,021
Weighted Average Shares	2,380,393	2,445,680	2,383,910	2,575,917
Per Share Amount	$ 0.59	$ 0.34	$ 1.79	$ 0.79

Net Income Per Share and Stoc48

Net Income Per Share and Stock Repurchase Program (Narrative) (Details) - $ / shares	9 Months Ended
	Sep. 30, 2016	Sep. 30, 2015	Sep. 22, 2014
Earnings Per Share and Stock Repurchase Program [Abstract]
Authorized stock repurchase			400,000
Shares repurchased	343,559
Weighted average share price	$ 22.89
Equity Option [Member]
Earnings Per Share and Stock Repurchase Program [Abstract]
Securities considered to be anti-dilutive and excluded from earnings per share calculation	59,110	124,754

Stock Incentive Plans (Summary

Stock Incentive Plans (Summary of Shares Issued and Available Under Each Plans) (Details) - $ / shares	9 Months Ended
	Sep. 30, 2016	Dec. 31, 2015
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Option granted
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	24,464
Fully vested shares	24,464
2003 Stock Plan [Member] | Minimum [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Exercise price per share	$ 18.26
2003 Stock Plan [Member] | Maximum [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Exercise price per share	$ 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	(106,722)
Cancelled due to Plan expiration	(123,278)
Remaining available for grant
Total vested and unvested shares	98,579
Fully vested shares	94,829
2005 Stock Plan [Member] | Minimum [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Exercise price per share	$ 11.74
2005 Stock Plan [Member] | Maximum [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Exercise price per share	$ 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 Incentive Plans (Plan dur

Stock Incentive Plans (Plan duration - Narrative) (Details) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2016	Sep. 30, 2015
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Unrecognized compensation expense related to the non-vested awards	$ 15
Maximum [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Plan duration	10 years
Employee Stock Option [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Compensation expense	$ 20	$ 22

Stock Incentive Plans (Changes

Stock Incentive Plans (Changes in the Stock Options Outstanding) (Details) - Employee Stock Option [Member] $ / shares in Units, $ in Thousands	9 Months Ended
	Sep. 30, 2016USD ($)$ / sharesshares
Number of Options
Outstanding, at the beginning | shares	152,118
Exercised | shares	(11,250)
Expired | shares	(17,825)
Outstanding, at the end | shares	123,043
Options Exercisable | shares	119,293
Weighted Average Exercise Price
Outstanding, at the beginning | $ / shares	$ 25.36
Exercised | $ / shares	15.96
Expired | $ / shares	32.43
Outstanding, at the end | $ / shares	25.19
Exercisable | $ / shares	$ 25.45
Aggregate Intrinsic Value
Outstanding, at the beginning | $	$ 354
Outstanding at end | $	336
Exercisable | $	$ 305

Stock Incentive Plans (Summar52

Stock Incentive Plans (Summary Information Pertaining to Options Outstanding) (Details)	9 Months Ended
	Sep. 30, 2016$ / sharesshares
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items]
Options Outstanding | shares	123,043
Weighted-Average Remaining Contractual Life	1 year 8 months 12 days
Weighted Average Exercise Price	$ 25.19
Options Exercisable | shares	119,293
Weighted-Average Exercise Price	$ 25.45
$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	34,514
Weighted-Average Remaining Contractual Life	3 years 6 months
Weighted Average Exercise Price	$ 17.57
Options Exercisable | shares	30,764
Weighted-Average Exercise Price	$ 17.63
$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	1 year 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	30,015
Weighted-Average Remaining Contractual Life	2 months 12 days
Weighted Average Exercise Price	$ 34.67
Options Exercisable | shares	30,015
Weighted-Average Exercise Price	$ 34.67

Fair Value Measurements (Assets

Fair Value Measurements (Assets Measured at Fair Value on Recurring Basis) (Details) - USD ($) $ in Thousands	Sep. 30, 2016	Dec. 31, 2015
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets measured at fair value on a recurring basis	$ 70,447	$ 74,801
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	14,955	11,378
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	6,126	5,964
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	31,497	36,687
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	17,869	20,772
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] | 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	70,447	74,801
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	14,955	11,378
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	6,126	5,964
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	31,497	36,687
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	17,869	20,772
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] | 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 (Asse54

Fair Value Measurements (Assets Measured at Fair Value on Nonrecurring Basis) (Details) - USD ($) $ in Thousands	Sep. 30, 2016	Dec. 31, 2015
Fair Value Disclosures [Abstract]
Impaired loans	$ 2,425	$ 1,619

Fair Value Measurements (Carryi

Fair Value Measurements (Carrying Values and Estimated Fair Values of Financial Instruments) (Details) - USD ($) $ in Thousands	Sep. 30, 2016	Dec. 31, 2015
Quoted Prices in Active Markets for Identical Assets (Level 1) [Member]
Assets
Cash and cash equivalent	$ 42,028	$ 43,527
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	70,447	74,801
Loans, net
Bank owned life insurance	13,807	13,476
Accrued interest receivable	326	369
Liabilities
Demand deposits and interest-bearing transaction and money market accounts	382,774	377,849
Certificates of deposit	112,395	108,578
Securities sold under agreements to repurchase	13,540	23,156
Accrued interest payable	108	106
Significant Unobservable Inputs (Level 3) [Member]
Assets
Cash and cash equivalent
Available for sale securities
Loans, net	419,881	418,774
Bank owned life insurance
Accrued interest receivable	1,056	1,242
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	42,028	43,527
Available for sale securities	70,447	74,801
Loans, net	427,611	420,097
Bank owned life insurance	13,807	13,476
Accrued interest receivable	1,382	1,611
Liabilities
Demand deposits and interest-bearing transaction and money market accounts	382,774	377,849
Certificates of deposit	112,405	108,618
Securities sold under agreements to repurchase	13,540	23,156
Accrued interest payable	108	106
Fair Value [Member]
Assets
Cash and cash equivalent	42,028	43,527
Available for sale securities	70,447	74,801
Loans, net	419,881	418,774
Bank owned life insurance	13,807	13,476
Accrued interest receivable	1,382	1,611
Liabilities
Demand deposits and interest-bearing transaction and money market accounts	382,774	377,849
Certificates of deposit	112,395	108,578
Securities sold under agreements to repurchase	13,540	23,156
Accrued interest payable	$ 108	$ 106

Other Comprehensive Income (Sch

Other Comprehensive Income (Schedule of Amounts Reclassified Out of Accumulated Other Comprehensive Income) (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2016	Sep. 30, 2015
Other Comprehensive Income (Loss), Available-for-sale Securities Adjustment, Net of Tax [Abstract]
Realized gains on sales of securities	$ 181	$ 23	$ 189	$ 69
Tax effect	(62)	(8)	(64)	(23)
Realized gains, net of tax	$ 119	$ 15	$ 125	$ 46

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, 2016	Sep. 30, 2015	Sep. 30, 2016	Sep. 30, 2015	Dec. 31, 2015
Segment Reporting Information [Line Items]
Net interest income	$ 4,537	$ 4,176	$ 13,481	$ 11,929
Provision for (recovery of) loan losses	104	88	(291)	405	$ 463
Noninterest income	1,413	1,222	3,787	3,661
Noninterest expense	3,821	4,144	11,377	12,437
Income before income taxes	2,025	1,166	6,182	2,748
Provision for (benefit of) income taxes	629	327	1,921	727
Net income	1,396	839	4,261	2,021
Total assets	569,539	548,773	569,539	548,773	$ 567,491
Bank [Member]
Segment Reporting Information [Line Items]
Net interest income	4,526	4,170	13,447	11,910
Provision for (recovery of) loan losses	104	88	(291)	405
Noninterest income	909	761	2,332	2,225
Noninterest expense	3,291	3,419	9,645	10,213
Income before income taxes	2,040	1,424	6,425	3,517
Provision for (benefit of) income taxes	634	414	2,003	986
Net income	1,406	1,010	4,422	2,531
Total assets	559,933	538,836	559,933	538,836
VNB Wealth [Member]
Segment Reporting Information [Line Items]
Net interest income	11	6	34	19
Provision for (recovery of) loan losses
Noninterest income	504	461	1,455	1,436
Noninterest expense	530	725	1,732	2,224
Income before income taxes	(15)	(258)	(243)	(769)
Provision for (benefit of) income taxes	(5)	(87)	(82)	(259)
Net income	(10)	(171)	(161)	(510)
Total assets	$ 9,606	$ 9,937	$ 9,606	$ 9,937

Segment Reporting (Narrative) (

Segment Reporting (Narrative) (Details) $ in Thousands	9 Months Ended
	Sep. 30, 2016USD ($)item	Sep. 30, 2015USD ($)
Segment Reporting [Abstract]
Number of reportable segments | item	2
VNB Wealth [Member]
Segment Reporting [Abstract]
Management fees | $	$ 75	$ 101