Virginia National Bankshares (VABK) 10-Q 11 Aug 17 2017 Q2 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	6 Months Ended
	Jun. 30, 2017	Aug. 07, 2017
Document and Entity Information [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Jun. 30, 2017
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	2,017
Document Fiscal Period Focus	Q2
Entity Filer Category	Smaller Reporting Company
Entity Common Stock, Shares Outstanding		2,392,011

CONSOLIDATED BALANCE SHEETS

CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Jun. 30, 2017	Dec. 31, 2016
ASSETS
Cash and due from banks	$ 9,596	$ 10,047
Federal funds sold		28,453
Securities:
Available for sale, at fair value	85,355	56,662
Restricted securities, at cost	1,743	1,709
Total securities	87,098	58,371
Loans	492,802	482,135
Allowance for loan losses	(3,701)	(3,688)
Loans, net	489,101	478,447
Premises and equipment, net	7,558	8,046
Bank owned life insurance	14,126	13,917
Goodwill	372	372
Other intangible assets, net	629	680
Accrued interest receivable and other assets	6,045	6,697
Total assets	614,525	605,030
Demand deposits:
Noninterest-bearing	171,875	176,098
Interest-bearing	96,295	96,869
Money market deposit accounts	137,310	136,658
Certificates of deposit and other time deposits	124,929	115,026
Total deposits	530,409	524,651
Federal funds purchased and securities sold under agreements to repurchase	19,942	19,700
Accrued interest payable and other liabilities	1,016	1,625
Total liabilities	551,367	545,976
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; 2,392,011 and 2,368,777 issued and outstanding at June 30, 2017 and December 31, 2016, respectively	5,980	5,922
Capital surplus	21,596	21,152
Retained earnings	35,723	32,759
Accumulated other comprehensive loss	(141)	(779)
Total shareholders' equity	63,158	59,054
Total liabilities and shareholders' equity	$ 614,525	$ 605,030

CONSOLIDATED BALANCE SHEETS (Pa

CONSOLIDATED BALANCE SHEETS (Parenthetical) - $ / shares	Jun. 30, 2017	Dec. 31, 2016
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
Common stock, par value per share	$ 2.50	$ 2.50
Common stock, shares authorized	10,000,000	10,000,000
Common stock, shares issued	2,392,011	2,368,777
Common stock, shares outstanding	2,392,011	2,368,777

CONSOLIDATED STATEMENTS OF INCO

CONSOLIDATED STATEMENTS OF INCOME - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2017	Jun. 30, 2016	Jun. 30, 2017	Jun. 30, 2016
Interest and dividend income:
Loans, including fees	$ 5,141	$ 4,294	$ 10,106	$ 8,627
Federal funds sold	105	25	178	56
Investment securities:
Taxable	304	245	510	525
Tax exempt	65	80	125	164
Dividends	23	23	46	44
Other	3		6	4
Total interest and dividend income	5,641	4,667	10,971	9,420
Interest expense:
Demand and savings deposits	123	68	233	135
Certificates and other time deposits	181	157	337	317
Federal funds purchased and securities sold under agreements to repurchase	10	12	20	24
Total interest expense	314	237	590	476
Net interest income	5,327	4,430	10,381	8,944
Provision for (recovery of) loan losses	115	(275)	45	(395)
Net interest income after provision for (recovery of) loan losses	5,212	4,705	10,336	9,339
Noninterest income:
Trust income	385	398	777	786
Advisory and brokerage income	128	94	255	181
Royalty income	108	9	176	9
Customer service fees	223	227	453	446
Debit/credit card and ATM fees	232	232	444	430
Earnings/increase in value of bank owned life insurance	104	111	209	220
Fees on mortgage sales	32	67	49	115
Gains on sales of securities			4	8
Losses on sales of other assets		(2)		(27)
Other	115	114	209	206
Total noninterest income	1,327	1,250	2,576	2,374
Noninterest expense:
Salaries and employee benefits	1,871	1,847	3,772	3,765
Net occupancy	458	472	929	948
Equipment	128	132	274	267
Other	1,256	1,308	2,563	2,576
Total noninterest expense	3,713	3,759	7,538	7,556
Income before income taxes	2,826	2,196	5,374	4,157
Provision for income taxes	906	686	1,719	1,292
Net income	$ 1,920	$ 1,510	$ 3,655	$ 2,865
Net income per common share, basic	$ 0.80	$ 0.64	$ 1.53	$ 1.21
Net income per common share, diluted	$ 0.80	$ 0.63	$ 1.52	$ 1.20

CONSOLIDATED STATEMENTS OF COMP

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2017	Jun. 30, 2016	Jun. 30, 2017	Jun. 30, 2016
Statement of Comprehensive Income [Abstract]
Net income	$ 1,920	$ 1,510	$ 3,655	$ 2,865
Other comprehensive income (loss)
Unrealized gain (loss) on securities, net of tax of $189 and $328 for the three and six months ended June 30, 2017; and net of tax of $130 and $335 for the three and six months ended June 30, 2016	368	252	641	651
Reclassification adjustment net of tax of ($0) and ($1) for the three and six months ended June 30, 2017; and net of tax of ($0) and ($3) for the three and six months ended June 30, 2016			(3)	(5)
Total other comprehensive income (loss)	368	252	638	646
Total comprehensive income (loss)	$ 2,288	$ 1,762	$ 4,293	$ 3,511

CONSOLIDATED STATEMENTS OF COM6

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (Parenthetical) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2017	Jun. 30, 2016	Jun. 30, 2017	Jun. 30, 2016
Statement of Comprehensive Income [Abstract]
Change in unrealized losses on available-for-sale securities, tax	$ 189	$ 130	$ 328	$ 335
Reclassification adjustment, tax	$ 0	$ 0	$ (1)	$ (3)

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, 2015	$ 6,031	$ 22,214	$ 28,170	$ (118)	$ 56,297
Stock options exercised	6	35			41
Stock purchased under stock repurchase plan	(137)	(1,123)			(1,260)
Stock option expense		14			14
Cash dividend declared ($0.23 and $0.29 per share for June 30, 2016 and 2017 respectively)			(542)		(542)
Net income			2,865		2,865
Other comprehensive income				646	646
Ending at Jun. 30, 2016	5,900	21,140	30,493	528	58,061
Balance at Dec. 31, 2016	5,922	21,152	32,759	(779)	59,054
Stock options exercised	58	438			496
Stock option expense		6			6
Cash dividend declared ($0.23 and $0.29 per share for June 30, 2016 and 2017 respectively)			(691)		(691)
Net income			3,655		3,655
Other comprehensive income				638	638
Ending at Jun. 30, 2017	$ 5,980	$ 21,596	$ 35,723	$ (141)	$ 63,158

CONSOLIDATED STATEMENTS OF CHA8

CONSOLIDATED STATEMENTS OF CHANGES IN SHAREHOLDERS' EQUITY (Parenthetical) - $ / shares	6 Months Ended
	Jun. 30, 2017	Jun. 30, 2016
Statement of Stockholders' Equity [Abstract]
Cash dividend declared, per share	$ 0.29	$ 0.23

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2017	Jun. 30, 2016
CASH FLOWS FROM OPERATING ACTIVITIES:
Net income	$ 3,655	$ 2,865
Adjustments to reconcile net income to net cash provided by operating activities:
Provision for (recovery of) loan losses	45	(395)
Net amortization and accretion of securities	214	224
Net gains on sales of securities	(4)	(8)
Net losses on sales of assets		27
Earnings on bank owned life insurance	(209)	(220)
Amortization of Intangible Assets	62	42
Depreciation and other amortization	588	582
Stock option/stock grant expense	6	14
Decrease in accrued interest receivable and other assets	325	98
Decrease in accrued interest payable and other liabilities	(394)	(604)
Net cash provided by operating activities	4,288	2,625
CASH FLOWS FROM INVESTING ACTIVITIES:
Purchases of available for sale securities	(32,836)	(9,481)
Net increase in restricted investments	(34)	(27)
Proceeds from maturities, calls and principal payments of available for sale securities	4,245	13,470
Proceeds from sales of available for sale securities	653	2,030
Net increase in organic loans	(3,930)	(6,029)
Net (increase) decrease in purchased loans	(6,769)	5,114
Cash payment for wealth management book of business	(300)	(700)
Purchase of bank premises and equipment	(100)	(235)
Net cash (used in) provided by investing activities	(39,071)	4,142
CASH FLOWS FROM FINANCING ACTIVITIES:
Net decrease in demand deposits, NOW accounts, and money market accounts	(4,145)	(19,826)
Net increase in certificates of deposit and other time deposits	9,903	3,779
Net increase in federal funds purchased	2,371
Net decrease in securities sold under agreements to repurchase	(2,129)	(7,437)
Common stock repurchased		(1,260)
Proceeds from stock options exercised	496	41
Cash dividends paid	(617)	(477)
Net cash provided by (used in) financing activities	5,879	(25,180)
NET DECREASE IN CASH AND CASH EQUIVALENTS	(28,904)	(18,413)
CASH AND CASH EQUIVALENTS:
Beginning of period	38,500	43,527
End of period	9,596	25,114
SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION
Cash payments for interest	569	477
Cash payments for taxes	1,950	1,354
SUPPLEMENTAL SCHEDULE OF NONCASH INVESTING AND FINANCING ACTIVITIES
Unrealized gain on available for sale securities	$ 965	$ 978

Significant Accounting Policies

Significant Accounting Policies	6 Months Ended
	Jun. 30, 2017
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 and deferred tax assets. Operating results for the three-month and six-month periods ended June 30, 2017 are not necessarily indicative of the results that may be expected for the year ending December 31, 2017. 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, 2016. If needed, certain previously reported amounts have been reclassified to conform to current period presentation. No such reclassifications were significant. Adoption of New Accounting Standard Accounting Standards Update (ASU) 2016-09, “ Compensation-Stock Compensation (Topic 718): Improvements to Employer Share-Based Payment Accounting ” became effective with the quarter ended March 31, 2017. This ASU simplifies several aspects of the accounting for share-based payment award transactions, one of which is the recognition of excess tax benefits and deficiencies related to share-based payments. Prior to the adoption of ASU 2016-09, such tax consequences were recognized as components of additional paid-in capital. With the adoption of this ASU, tax benefits and deficiencies are recognized within income tax expense. In accordance with the adoption provisions of ASU 2016-09, the Company has prospectively applied the requirement to present excess tax benefits as an operating activity on the statement of cash flows. Further, the Company continues to estimate the number of award forfeitures in recording costs for share-based awards. The adoption did not have a material impact on our financial statements for the first two quarters ended June 30, 2017. Recent Accounting Pronouncements 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 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. During January 2017, the FASB issued ASU No. 2017-01, “Business Combinations (Topic 805): Clarifying the Definition of a Business.” The amendments in this ASU clarify the definition of a business with the objective of adding guidance to assist entities with evaluating whether transactions should be accounted for as acquisitions (or disposals) of assets or businesses. Under the current implementation guidance in Topic 805, there are three elements of a business – inputs, processes, and outputs. While an integrated set of assets and activities (collectively referred to as a “set”) that is a business usually has outputs, outputs are not required to be present. In addition, all the inputs and processes that a seller uses in operating a set are not required if market participants can acquire the set and continue to produce outputs. The amendments in this ASU provide a screen to determine when a set is not a business. If the screen is not met, the amendments (1) require that to be considered a business, a set must include, at a minimum, an input and a substantive process that together significantly contribute to the ability to create output, and (2) remove the evaluation of whether a market participant could replace missing elements. The ASU provides a framework to assist entities in evaluating whether both an input and a substantive process are present. The amendments in this ASU are effective for annual periods beginning after December 15, 2017, including interim periods within those annual periods. The amendments in this ASU should be applied prospectively on or after the effective date. No disclosures are required at transition. The Company does not expect the adoption of ASU 2017-01 to have a material impact on its consolidated financial statements. During January 2017, the FASB issued ASU No. 2017-04, “Intangibles – Goodwill and Other (Topic 350): Simplifying the Test for Goodwill Impairment.” The amendments in this ASU simplify how an entity is required to test goodwill for impairment by eliminating Step 2 from the goodwill impairment test. Step 2 measures a goodwill impairment loss by comparing the implied fair value of a reporting unit’s goodwill with the carrying amount of that goodwill. Instead, under the amendments in this ASU, an entity should perform its annual, or interim, goodwill impairment test by comparing the fair value of a reporting unit with its carrying amount. An entity still has the option to perform the qualitative assessment for a reporting unit to determine if the quantitative impairment test is necessary. Public business entities that are SEC filers should adopt the amendments in this ASU for annual or interim goodwill impairment tests in fiscal years beginning after December 15, 2019. Early adoption is permitted for interim or annual goodwill impairment tests performed on testing dates after January 1, 2017. The Company does not expect the adoption of ASU 2017-04 to have a material impact on its consolidated financial statements. During March 2017, the FASB issued ASU 2017-08, “Receivables—Nonrefundable Fees and Other Costs (Subtopic 310-20), Premium Amortization on Purchased Callable Debt Securities.” The amendments in this ASU shorten the amortization period for certain callable debt securities purchased at a premium. Upon adoption of the standard, premiums on these qualifying callable debt securities will be amortized to the earliest call date. Discounts on purchased debt securities will continue to be accreted to maturity. The amendments are effective for fiscal years beginning after December 15, 2018, and interim periods within those fiscal years. Early adoption is permitted, including adoption in an interim period. Upon transition, entities should apply the guidance on a modified retrospective basis, with a cumulative-effect adjustment to retained earnings as of the beginning of the period of adoption and provide the disclosures required for a change in accounting principle. The Company is currently assessing the impact that ASU 2017-08 will have on its consolidated financial statements. During May 2017, the FASB issued ASU 2017-09, “Compensation – Stock Compensation (Topic 718): Scope of Modification Accounting.” The amendments provide guidance on determining which changes to the terms and conditions of share-based payment awards require an entity to apply modification accounting under Topic 718. The amendments are effective for all entities for annual periods, including interim periods within those annual periods, beginning after December 15, 2017. Early adoption is permitted, including adoption in any interim period, for reporting periods for which financial statements have not yet been issued. The Company is currently assessing the impact that ASU 2017-09 will have on its consolidated financial statements.

Securities

Securities	6 Months Ended
	Jun. 30, 2017
Investments, Debt and Equity Securities [Abstract]
Securities	Note 2. Securities The amortized cost and fair values of securities available for sale as of June 30, 2017 and December 31, 2016 were as follows (dollars in thousands): June 30, 2017 Amortized Gross Unrealized Gross Unrealized Fair Cost Gains (Losses) Value U.S. Government agencies $ 24,498 $ 2 $ (277 ) $ 24,223 Corporate bonds 2,014 8 - 2,022 Mortgage-backed securities/CMOs 40,539 82 (201 ) 40,420 Municipal bonds 18,519 196 (25 ) 18,690 $ 85,570 $ 288 $ (503 ) $ 85,355 December 31, 2016 Amortized Gross Unrealized Gross Unrealized Fair Cost Gains (Losses) Value U.S. Government agencies $ 14,998 $ - $ (497 ) $ 14,501 Corporate bonds 2,017 - (7 ) 2,010 Mortgage-backed securities/CMOs 25,470 27 (515 ) 24,982 Municipal bonds 15,357 30 (218 ) 15,169 $ 57,842 $ 57 $ (1,237 ) $ 56,662 As of June 30, 2017, there were $45.0 million, or 39 issues of individual securities, in a loss position. These securities have an unrealized loss of $503 thousand and consisted of 23 mortgage-backed/CMOs, 7 agency bonds, and 9 municipal bonds. The following table summarizes all securities with unrealized losses, segregated by length of time in a continuous unrealized loss position, at June 30, 2017 and December 31, 2016 (dollars in thousands): June 30, 2017 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 $ 16,722 $ (277 ) $ - $ - $ 16,722 $ (277 ) Mortgage-backed/CMOs 20,941 (153 ) 2,279 (48 ) 23,220 (201 ) Municipal bonds 5,057 (25 ) - - 5,057 (25 ) $ 42,720 $ (455 ) $ 2,279 $ (48 ) $ 44,999 $ (503 ) December 31, 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 $ 14,501 $ (497 ) $ - $ - $ 14,501 $ (497 ) Corporate bonds 2,010 (7 ) - - 2,010 (7 ) Mortgage-backed/CMOs 18,980 (441 ) 2,629 (74 ) 21,609 (515 ) Municipal bonds 10,382 (218 ) - - 10,382 (218 ) $ 45,873 $ (1,163 ) $ 2,629 $ (74 ) $ 48,502 $ (1,237 ) 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 June 30, 2017, 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 June 30, 2017, management has concluded that none of its investment securities have an OTTI based upon the information available. 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 $34.0 million at June 30, 2017 were pledged as collateral to secure public deposits and securities sold under agreements to repurchase. At December 31, 2016, securities having carrying values of $34.2 million were similarly pledged. For the six months ended June 30, 2017, proceeds from the sales of securities amounted to $653 thousand, with gross realized gains on these securities of $4 thousand. For the six months ended June 30, 2016, proceeds from the sales of securities amounted to $2.0 million, and gross realized gains on these securities were $8 thousand. 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 June 30, 2017 and December 31, 2016, are carried at cost.

Loans

Loans	6 Months Ended
	Jun. 30, 2017
Loans and Leases Receivable Disclosure [Abstract]
Loans	Note 3. Loans The composition of the loan portfolio by loan classification at June 30, 2017 and December 31, 2016 appears below (dollars in thousands). June 30, December 31, 2017 2016 Commercial Commercial and industrial - organic $ 43,511 $ 41,560 Commercial and industrial - government guaranteed 17,553 5,550 Commercial and industrial - syndicated 17,642 19,107 Total commercial and industrial 78,706 66,217 Real estate construction and land Residential construction 1,822 395 Commercial construction 10,235 4,422 Land and land development 10,274 10,865 Total construction and land 22,331 15,682 Real estate mortgages 1-4 family residential, first lien, investment 38,178 37,538 1-4 family residential, first lien, owner occupied 17,165 16,629 1-4 family residential, junior lien 3,447 2,871 Home equity lines of credit, first lien 8,474 7,912 Home equity lines of credit, junior lien 14,381 14,022 Farm 10,659 11,253 Multifamily 29,202 31,052 Commercial owner occupied 78,574 83,296 Commercial non-owner occupied 108,936 107,062 Total real estate mortgage 309,016 311,635 Consumer Consumer revolving credit 19,317 20,373 Consumer all other credit 10,301 11,328 Student loans purchased 53,131 56,900 Total consumer 82,749 88,601 Total loans 492,802 482,135 Less: Allowance for loan losses (3,701 ) (3,688 ) Net loans $ 489,101 $ 478,447 The balances in the table above include unamortized premiums and net deferred loan costs and fees. As of June 30, 2017, unamortized premiums on loans purchased were $1.8 million, with $700 thousand in unamortized premiums recorded as of December 31, 2016. Net deferred loan costs (fees) totaled $261 thousand and $344 thousand as of June 30, 2017 and December 31, 2016, respectively. 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 June 30, 2017 and December 31, 2016. 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 six months ended June 30, 2017 or the twelve months ended December 31, 2016. Interest income recognized is for the six months ended June 30, 2017 or the twelve months ended December 31, 2016. (Dollars below reported in thousands.) June 30, 2017 Unpaid Average Interest Recorded Principal Associated Recorded Income Investment Balance Allowance Investment Recognized Impaired loans without a valuation allowance: Land and land development $ 46 $ 97 $ - $ 48 $ - 1-4 family residential mortgages, first lien, owner occupied 107 142 - 111 - 1-4 family residential mortgages, junior lien 348 348 350 8 Commercial non-owner occupied real estate 993 993 - 1,003 22 Student loans purchased 904 904 - 908 25 Impaired loans with a valuation allowance - - - - - Total impaired loans $ 2,398 $ 2,484 $ - $ 2,420 $ 55 December 31, 2016 Unpaid Average Interest Recorded Principal Associated Recorded Income Investment Balance Allowance Investment Recognized Impaired loans without a valuation allowance: Land and land development $ 51 $ 100 $ - $ 55 $ - 1-4 family residential mortgages, first lien, owner occupied 116 147 - 123 - 1-4 family residential mortgages, junior lien 354 354 360 16 Commercial non-owner occupied real estate 1,012 1,012 - 1,036 45 Student loans purchased 889 889 - 498 55 Impaired loans with a valuation allowance - - - - - Total impaired loans $ 2,422 $ 2,502 $ - $ 2,072 $ 116 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. The recorded investment in non-accrual loans is shown below by class (dollars in thousands): June 30, 2017 December 31, 2016 Land and land development $ 46 $ 51 1-4 family residential mortgage, first lien, owner occupied 107 116 Total nonaccrual loans $ 153 $ 167 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 regulatory guidance on Student Lending issued in May, 2016, the Company has classified 55 of its student loans purchased as TDRs for a total of $904 thousand as of June 30, 2017. 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. 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) June 30, 2017 December 31, 2016 No. of Recorded No. of Recorded Loans Investment Loans Investment Performing TDRs 1-4 family residential mortgages, junior lien 2 $ 348 2 $ 354 Commercial non-owner occupied real estate 1 993 1 1,012 Student loans purchased 55 904 50 889 Total performing TDRs 58 $ 2,245 53 $ 2,255 Nonperforming TDRs Land and land development 1 $ 27 1 $ 29 Total TDRs 59 $ 2,272 54 $ 2,284 A summary of loans shown above that were modified under the terms of a TDR during the three and six months ended June 30, 2017 and 2016 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 paydowns, 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 June 30, 2017 June 30, 2016 Pre- Post- Pre- Post- Modification Modification Modification Modification Number Recorded Recorded Number Recorded Recorded of Loans Balance Balance of Loans Balance Balance Student loans purchased 5 $ 51 $ 51 38 $ 713 $ 713 Total loans modified during the period 5 $ 51 $ 51 38 $ 713 $ 713 For six months ended For six months ended June 30, 2017 June 30, 2016 Pre- Post- Pre- Post- Modification Modification Modification Modification Number Recorded Recorded Number Recorded Recorded of Loans Balance Balance of Loans Balance Balance Student loans purchased 9 $ 89 $ 90 38 $ 713 $ 713 Total loans modified during the period 9 $ 89 $ 90 38 $ 713 $ 713 There were no loans modified as TDRs that subsequently defaulted during the six months ended June 30, 2017 or the twelve months ended December 31, 2016 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 June 30, 2017 or December 31, 2016.

Allowance for Loan Losses

Allowance for Loan Losses	6 Months Ended
	Jun. 30, 2017
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 - government guaranteed 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 Company'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 surety bonds that the Company purchased at the same time that each package of student loans was acquired, and the Company has not experienced any losses in this class to date. In addition to the insurance, the Company holds deposit reserve accounts to offset any losses resulting from the breach of any representations or warranties by the sellers. 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 third quarter of 2016, 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. ● Commercial and industrial government guaranteed loans require no reserve as these are 100% guaranteed by either the Small Business Administration (“SBA”) or the United States Department of Agriculture (“USDA”). 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 beginning with the quarter ended June 30, 2016: ● The number of classes increased from twelve to seventeen to provide greater loan level detail. ● The “Watch” risk rating was separated to account for the higher level of risk associated with this risk rating. Previously the risk rating “Watch” was included in the “Pass” pool. ● 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 Company’s internal creditworthiness grading system is based on experiences with similarly graded loans. The Company performs regular credit reviews of the loan portfolio to review the credit quality and adherence to its underwriting standards. Additionally, external reviews of credits are conducted on a semi-annual basis. 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 or fully guaranteed by a U.S. government agency 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. A 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. A 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 June 30, 2017 and December 31, 2016 (dollars in thousands). There were no loans rated “Doubtful” as of either period. Special Sub- June 30, 2017 Excellent Good Pass Watch Mention standard TOTAL Commercial Commercial and industrial - organic $ 3,139 $ 19,555 $ 19,744 $ 131 $ 288 $ 654 $ 43,511 Commercial and industrial - government guaranteed 17,553 - - - - - 17,553 Commercial and industrial - syndicated - - 14,725 - - 2,917 17,642 Real estate construction Residential construction - - 1,822 - - - 1,822 Commercial construction - - 10,235 - - - 10,235 Land and land development - - 9,705 4 - 565 10,274 Real estate mortgages 1-4 family residential, first lien, investment - - 35,561 1,703 227 687 38,178 1-4 family residential, first lien, owner occupied - - 15,953 133 - 1,079 17,165 1-4 family residential, junior lien - - 2,792 273 199 183 3,447 Home equity lines of credit, first lien - - 8,236 238 - - 8,474 Home equity lines of credit, junior lien - - 14,270 - - 111 14,381 Farm - - 10,659 - - - 10,659 Multifamily - - 29,202 - - - 29,202 Commercial owner occupied - 682 77,606 286 - - 78,574 Commercial non-owner occupied - - 106,898 993 - 1,045 108,936 Consumer Consumer revolving credit 60 18,581 676 - - - 19,317 Consumer all other credit 358 9,118 787 3 - 35 10,301 Student loans purchased - - 52,227 904 - - 53,131 Total Loans $ 21,110 $ 47,936 $ 411,098 $ 4,668 $ 714 $ 7,276 $ 492,802 Special Sub- December 31, 2016 Excellent Good Pass Watch Mention standard TOTAL Commercial Commercial and industrial - organic $ 816 $ 24,225 $ 15,840 $ 259 $ 236 $ 184 $ 41,560 Commercial and industrial - government guaranteed 5,550 - - - - - 5,550 Commercial and industrial - syndicated - - 16,175 - - 2,932 19,107 Real estate construction Residential construction - - 395 - - - 395 Commercial construction - - 4,422 - - - 4,422 Land and land development - - 10,271 5 - 589 10,865 Real estate mortgages 1-4 family residential, first lien, investment - - 35,102 1,724 229 483 37,538 1-4 family residential, first lien, owner occupied - - 15,207 325 - 1,097 16,629 1-4 family residential, junior lien - - 2,214 326 189 142 2,871 Home equity lines of credit, first lien - - 7,872 40 - - 7,912 Home equity lines of credit, junior lien - - 13,911 - - 111 14,022 Farm - - 11,253 - - - 11,253 Multifamily - - 31,052 - - - 31,052 Commercial owner occupied - 695 81,582 1,019 - - 83,296 Commercial non-owner occupied - - 104,963 1,012 - 1,087 107,062 Consumer Consumer revolving credit 65 19,766 539 - - 3 20,373 Consumer all other credit 284 9,977 1,027 4 - 36 11,328 Student loans purchased - - 56,011 889 - - 56,900 Total Loans $ 6,715 $ 54,663 $ 407,836 $ 5,603 $ 654 $ 6,664 $ 482,135 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 Company’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 June 30, 2017, 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 six months ended June 30, 2017 and the year ended December 31, 2016 appears below (dollars in thousands): Allowance for Loan Losses Rollforward by Portfolio Segment Real Estate Commercial Construction Real Estate Consumer Loans and Land Mortgages Loans Total Allowance for Loan Losses: Balance as of January 1, 2017 $ 824 $ 127 $ 2,506 $ 231 $ 3,688 Charge-offs (58 ) - - - (58 ) Recoveries 18 - 1 7 26 Provision for (recovery of) loan losses 88 48 (56 ) (35 ) 45 Ending Balance $ 872 $ 175 $ 2,451 $ 203 $ 3,701 Ending Balance: Individually evaluated for impairment $ - $ - $ - $ - $ - Collectively evaluated for impairment 872 175 2,451 203 3,701 Loans: Individually evaluated for impairment $ - $ 46 $ 1,448 $ 904 $ 2,398 Collectively evaluated for impairment 78,706 22,285 307,568 81,845 490,404 Ending Balance $ 78,706 $ 22,331 $ 309,016 $ 82,749 $ 492,802 As of and for the year ended December 31, 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 (25 ) - (12 ) - (37 ) Recoveries 32 - 3 12 47 Provision for (recovery of) loan losses 20 (32 ) (77 ) 200 111 Ending Balance $ 824 $ 127 $ 2,506 $ 231 $ 3,688 Ending Balance: Individually evaluated for impairment $ - $ - $ - $ - $ - Collectively evaluated for impairment 824 127 2,506 231 3,688 Loans: Individually evaluated for impairment $ - $ 51 $ 1,482 $ 889 $ 2,422 Collectively evaluated for impairment 66,217 15,631 310,153 87,712 479,713 Ending Balance $ 66,217 $ 15,682 $ 311,635 $ 88,601 $ 482,135 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 June 30, 2017 and December 31, 2016. Also included are loans that are 90 or more days past due but still accruing, because they are well secured and in the process of collection. (Dollars below reported in thousands.) Past Due Aging as of 90 Days June 30, 2017 30-59 60-89 90 Days or Past Due Days Past Days Past More Past Total Past Total and Still Due Due Due Due Current Loans Accruing Commercial loans Commercial and industrial - organic $ 25 $ - $ - $ 25 $ 43,486 $ 43,511 $ - Commercial and industrial - government guaranteed - - - - 17,553 17,553 - Commercial and industrial - syndicated - - - - 17,642 17,642 - Real estate construction and land Residential construction - - - - 1,822 1,822 - Commercial construction - - - - 10,235 10,235 - Land and land development - 19 - 19 10,255 10,274 - Real estate mortgages 1-4 family residential, first lien, investment 119 - 44 163 38,015 38,178 44 1-4 family residential, first lien, owner occupied - - 19 19 17,146 17,165 19 1-4 family residential, junior lien - - - - 3,447 3,447 - Home equity lines of credit, first lien - - - - 8,474 8,474 - Home equity lines of credit, junior lien - - - - 14,381 14,381 - Farm - - - - 10,659 10,659 - Multifamily - - - - 29,202 29,202 - Commercial owner occupied - - - - 78,574 78,574 - Commercial non-owner occupied - - - - 108,936 108,936 - Consumer loans Consumer revolving credit - - - - 19,317 19,317 - Consumer all other credit - - - - 10,301 10,301 - Student loans purchased 528 347 214 1,089 52,042 53,131 214 Total Loans $ 672 $ 366 $ 277 $ 1,315 $ 491,487 $ 492,802 $ 277 Past Due Aging as of 90 Days December 31, 2016 30-59 60-89 90 Days or Past Due Days Past Days Past More Past Total Past Total and Still Due Due Due Due Current Loans Accruing Commercial loans Commercial and industrial - organic $ 65 $ 61 $ - $ 126 $ 41,434 $ 41,560 $ - Commercial and industrial - government guaranteed - - - - 5,550 5,550 - Commercial and industrial - syndicated - - - - 19,107 19,107 - Real estate construction and land Residential construction - - - - 395 395 - Commercial construction - - - - 4,422 4,422 - Land and land development - - 22 22 10,843 10,865 - Real estate mortgages 1-4 family residential, first lien, investment 125 - - 125 37,413 37,538 - 1-4 family residential, first lien, owner occupied - - 20 20 16,609 16,629 20 1-4 family residential, junior lien - - - - 2,871 2,871 - Home equity lines of credit, first lien - - - - 7,912 7,912 - Home equity lines of credit, junior lien 36 - - 36 13,986 14,022 - Farm - - - - 11,253 11,253 - Multifamily - - - - 31,052 31,052 - Commercial owner occupied - - - - 83,296 83,296 - Commercial non-owner occupied - - - - 107,062 107,062 - Consumer loans Consumer revolving credit - - - - 20,373 20,373 - Consumer all other credit 1 48 - 49 11,279 11,328 - Student loans purchased 1,316 139 188 1,643 55,257 56,900 188 Total Loans $ 1,543 $ 248 $ 230 $ 2,021 $ 480,114 $ 482,135 $ 208

Intangible Assets

Intangible Assets	6 Months Ended
	Jun. 30, 2017
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 investment management, advisory, brokerage, insurance, consulting, trust and related services performed for the Purchased Relationships. The purchase price of $1.2 million is payable 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 six months ended June 2017 and 2016, the Company recognized $62 thousand and $42 thousand, respectively, in amortization expense from these identified intangible assets with a finite life. The net carrying value of $629 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 June 30, 2017. (Dollars below reported in thousands.) Gross Carrying Accumulated Net Carrying Value Amortization Value Identified Intangible Assets Non-Compete Agreement $ 103 $ 49 $ 54 Customer Relationships Intangible 670 95 $ 575 Total Identified Intangible Assets $ 773 $ 144 $ 629 As of June 30, 2017, the Company carried a contingent liability of $156 thousand, representing the net of the fair value of the purchase price, less the initial two annual payments made to the Seller. The remaining three 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	6 Months Ended
	Jun. 30, 2017
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 six months ended June 30, 2017 and 2016. 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 June 30, 2017 June 30, 2016 Weighted Per Weighted Per Average Share Average Share Net Income Shares Amount Net Income Shares Amount Basic net income per share $ 1,920 2,386,721 $ 0.80 $ 1,510 2,359,101 $ 0.64 Effect of dilutive stock options - 22,689 - - 15,139 - Diluted net income per share $ 1,920 2,409,410 $ 0.80 $ 1,510 2,374,240 $ 0.63 Six Months Ended June 30, 2017 June 30, 2016 Weighted Per Weighted Per Average Share Average Share Net Income Shares Amount Net Income Shares Amount Basic net income per share $ 3,655 2,381,290 $ 1.53 $ 2,865 2,371,026 $ 1.21 Effect of dilutive stock options - 21,800 - - 14,635 - Diluted net income per share $ 3,655 2,403,090 $ 1.52 $ 2,865 2,385,661 $ 1.20 For the periods ended June 30, 2017 and June 30, 2016, option shares totaling 2,000 and 59,110, respectively, were considered anti-dilutive and were excluded from this calculation.

Stock Incentive Plans

Stock Incentive Plans	6 Months Ended
	Jun. 30, 2017
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 June 30, 2017. 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 ) (72,107 ) (2,000 ) Cancelled due to Plan expiration (20,315 ) (157,893 ) - Remaining available for grant - - 248,000 Grants issued and outstanding: Total vested and unvested shares 17,792 47,402 2,000 Fully vested shares 17,792 46,152 - Exercise price range $18.26 to $11.74 to $30.20 to $18.26 $26.96 $30.20 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 six months ended June 30, 2017 and 2016, the Company recognized $6 thousand and $14 thousand, respectively, in compensation expense for stock options. As of June 30, 2017, there was $12 thousand in unamortized compensation expense remaining to be recognized in future reporting periods through 2021. 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): June 30, 2017 Weighted Average Aggregate Number of Options Exercise Price Intrinsic Value Outstanding at January 1, 2017 98,893 $ 22.83 $ 592 Issued 2,000 30.20 Exercised (23,234 ) 20.11 Forfeited (4,600 ) 26.96 Expired (5,865 ) 33.91 Outstanding at June 30, 2017 67,194 $ 22.75 $ 938 Options exercisable at June 30, 2017 63,944 $ 22.60 $ 901 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 twelve months ended December 31, 2016. During the first six months of 2017, a stock option grant of 2,000 shares was issued, and the fair value on the grant issued was estimated based on the assumptions noted in the following table: For the six months ended June 30, 2017 Expected volatility 1 17.90% Expected dividends 2 1.72% Expected term (in years) 3 6.25 Risk-free rate 4 2.00% 1 Based on the monthly historical volatility of the Company’s stock price over the expected life of the options. 2 Calculated as the ratio of historical dividends paid per share of common stock to the stock price on the date of grant. 3 Based on the average of the contractual life and vesting period for the respective option. 4 Based upon an interpolated US Treasury yield curve interest rate that corresponds to the contractual life of the option, in effect at the time of the grant. Summary information pertaining to options outstanding at June 30, 2017 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 21,342 2.3 Years $ 17.89 20,092 $ 17.87 $20.01 to 30.00 43,852 0.7 Years 24.77 43,852 24.77 $30.01 to 36.74 2,000 9.7 Years 30.20 0 - Total 67,194 1.5 Years $ 22.75 63,944 $ 22.60 Restricted Stock There were no restricted stock grants outstanding throughout 2016 or as of June 30, 2017. No restricted stock grants were awarded during 2016 or the first six months of 2017.

Fair Value Measurements

Fair Value Measurements	6 Months Ended
	Jun. 30, 2017
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 June 30, 2017 and December 31, 2016 (dollars in thousands): Fair Value Measurements at June 30, 2017 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 $ 24,223 $ - $ 24,223 $ - Corporate bonds 2,022 - 2,022 - Mortgage-backed securities/CMOs 40,420 - 40,420 - Municipal bonds 18,690 - 18,690 - Total securities available for sale $ 85,355 $ - $ 85,355 $ - Fair Value Measurements at December 31, 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 $ 14,501 $ - $ 14,501 $ - Corporate bonds 2,010 - 2,010 - Mortgage-backed securities/CMOs 24,982 - 24,982 - Municipal bonds 15,169 - 15,169 - Total securities available for sale $ 56,662 $ - $ 56,662 $ - 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 in impaired loans as of June 30, 2017 and December 31, 2016. 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 June 30, 2017 and December 31, 2016, 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. Federal funds purchased and securities sold under agreements to repurchase The carrying amounts of federal funds purchased and 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 June 30, 2017 and December 31, 2016 are as follows (dollars in thousands): Fair Value Measurement at June 30, 2017 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 $ 9,596 $ 9,596 $ - $ - $ 9,596 Available for sale securities 85,355 - 85,355 - 85,355 Loans, net 489,101 - - 485,340 485,340 Bank owned life insurance 14,126 - 14,126 - 14,126 Accrued interest receivable 1,784 - 373 1,411 1,784 Liabilities Demand deposits and interest-bearing transaction and money market accounts $ 405,480 $ - $ 405,480 $ - $ 405,480 Certificates of deposit 124,929 - 124,892 - 124,892 Federal funds purchased and securities sold under agreements to repurchase 19,942 - 19,942 - 19,942 Accrued interest payable 128 - 128 - 128 Fair Value Measurement at December 31, 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 $ 38,500 $ 38,500 $ - $ - $ 38,500 Available for sale securities 56,662 - 56,662 - 56,662 Loans, net 478,447 - - 476,438 476,438 Bank owned life insurance 13,917 - 13,917 - 13,917 Accrued interest receivable 1,662 - 272 1,390 1,662 Liabilities Demand deposits and interest-bearing transaction and money market accounts $ 409,625 $ - $ 409,625 $ - $ 409,625 Certificates of deposit 115,026 - 114,979 - 114,979 Securities sold under agreements to repurchase 19,700 - 19,700 - 19,700 Accrued interest payable 107 - 107 - 107 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	6 Months Ended
	Jun. 30, 2017
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 six months ended June 30, 2017 and 2016 (dollars in thousands): Three Months Ended Six Months Ended June 30, 2017 June 30, 2016 June 30, 2017 June 30, 2016 Available for sale securities Realized gains on sales of securities $ - $ - $ 4 $ 8 Tax effect - - (1 ) (3 ) Realized gains, net of tax $ - $ - $ 3 $ 5

Segment Reporting

Segment Reporting	6 Months Ended
	Jun. 30, 2017
Segment Reporting [Abstract]
Segment Reporting	Note 10. Segment Reporting Virginia National Bankshares Corporation has two reportable segments, the Bank and VNB Wealth. The Company’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, (b) advisory and brokerage income from investment advisory, retail brokerage, annuity and insurance services offered under the name of VNB Investment Services and (c) royalty income from the sale of Swift Run Capital Management, LLC in 2013. More information on royalty income and the related sale can be found under Summary of Significant Accounting Policies in Note 1 of the notes to consolidated financial statements, which is found in Item 8. Financial Statements and Supplementary Data, in the Company’s Form 10-K Report for December 31, 2016 (the “Company’s 2016 Form 10-K”). A management fee for administrative and technology support services provided by the Bank is charged to VNB Wealth. For both the six months ended June 30, 2017 and 2016, management fees of $50 thousand were charged to VNB Wealth and eliminated in consolidated totals. 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 six months ended June 30, 2017 and 2016 is shown in the following tables (dollars in thousands). 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. Three months ended June 30, 2017 Bank VNB Wealth Consolidated Net interest income $ 5,304 $ 23 $ 5,327 Provision for loan losses 115 - 115 Noninterest income 705 622 1,327 Noninterest expense 3,177 536 3,713 Income before income taxes 2,717 109 2,826 Provision for income taxes 869 37 906 Net income $ 1,848 $ 72 $ 1,920 Total assets $ 604,946 $ 9,579 $ 614,525 Three months ended June 30, 2016 Bank VNB Wealth Consolidated Net interest income $ 4,419 $ 11 $ 4,430 Provision for (recovery of) loan losses (275 ) - (275 ) Noninterest income 744 506 1,250 Noninterest expense 3,170 589 3,759 Income (loss) before income taxes 2,268 (72 ) 2,196 Provision for (benefit of) income taxes 710 (24 ) 686 Net income (loss) $ 1,558 $ (48 ) $ 1,510 Total assets $ 536,061 $ 9,617 $ 545,678 Six months ended June 30, 2017 Bank VNB Wealth Consolidated Net interest income $ 10,341 $ 40 $ 10,381 Provision for loan losses 45 - 45 Noninterest income 1,367 1,209 2,576 Noninterest expense 6,478 1,060 7,538 Income before income taxes 5,185 189 5,374 Provision for income taxes 1,654 65 1,719 Net income $ 3,531 $ 124 $ 3,655 Six months ended June 30, 2016 Bank VNB Wealth Consolidated Net interest income $ 8,921 $ 23 $ 8,944 Provision for (recovery of) loan losses (395 ) - (395 ) Noninterest income 1,422 952 2,374 Noninterest expense 6,353 1,203 7,556 Income (loss) before income taxes 4,385 (228 ) 4,157 Provision for (benefit of) income taxes 1,369 (77 ) 1,292 Net income (loss) $ 3,016 $ (151 ) $ 2,865

Significant Accounting Polici20

Significant Accounting Policies (Policies)	6 Months Ended
	Jun. 30, 2017
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 and deferred tax assets. Operating results for the three-month and six-month periods ended June 30, 2017 are not necessarily indicative of the results that may be expected for the year ending December 31, 2017. 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, 2016. If needed, certain previously reported amounts have been reclassified to conform to current period presentation. No such reclassifications were significant.
Adoption of New Accounting Standard	Adoption of New Accounting Standard Accounting Standards Update (ASU) 2016-09, “ Compensation-Stock Compensation (Topic 718): Improvements to Employer Share-Based Payment Accounting ” became effective with the quarter ended March 31, 2017. This ASU simplifies several aspects of the accounting for share-based payment award transactions, one of which is the recognition of excess tax benefits and deficiencies related to share-based payments. Prior to the adoption of ASU 2016-09, such tax consequences were recognized as components of additional paid-in capital. With the adoption of this ASU, tax benefits and deficiencies are recognized within income tax expense. In accordance with the adoption provisions of ASU 2016-09, the Company has prospectively applied the requirement to present excess tax benefits as an operating activity on the statement of cash flows. Further, the Company continues to estimate the number of award forfeitures in recording costs for share-based awards. The adoption did not have a material impact on our financial statements for the first two quarters ended June 30, 2017.
Recent Accounting Pronouncements	Recent Accounting Pronouncements 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 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. During January 2017, the FASB issued ASU No. 2017-01, “Business Combinations (Topic 805): Clarifying the Definition of a Business.” The amendments in this ASU clarify the definition of a business with the objective of adding guidance to assist entities with evaluating whether transactions should be accounted for as acquisitions (or disposals) of assets or businesses. Under the current implementation guidance in Topic 805, there are three elements of a business – inputs, processes, and outputs. While an integrated set of assets and activities (collectively referred to as a “set”) that is a business usually has outputs, outputs are not required to be present. In addition, all the inputs and processes that a seller uses in operating a set are not required if market participants can acquire the set and continue to produce outputs. The amendments in this ASU provide a screen to determine when a set is not a business. If the screen is not met, the amendments (1) require that to be considered a business, a set must include, at a minimum, an input and a substantive process that together significantly contribute to the ability to create output, and (2) remove the evaluation of whether a market participant could replace missing elements. The ASU provides a framework to assist entities in evaluating whether both an input and a substantive process are present. The amendments in this ASU are effective for annual periods beginning after December 15, 2017, including interim periods within those annual periods. The amendments in this ASU should be applied prospectively on or after the effective date. No disclosures are required at transition. The Company does not expect the adoption of ASU 2017-01 to have a material impact on its consolidated financial statements. During January 2017, the FASB issued ASU No. 2017-04, “Intangibles – Goodwill and Other (Topic 350): Simplifying the Test for Goodwill Impairment.” The amendments in this ASU simplify how an entity is required to test goodwill for impairment by eliminating Step 2 from the goodwill impairment test. Step 2 measures a goodwill impairment loss by comparing the implied fair value of a reporting unit’s goodwill with the carrying amount of that goodwill. Instead, under the amendments in this ASU, an entity should perform its annual, or interim, goodwill impairment test by comparing the fair value of a reporting unit with its carrying amount. An entity still has the option to perform the qualitative assessment for a reporting unit to determine if the quantitative impairment test is necessary. Public business entities that are SEC filers should adopt the amendments in this ASU for annual or interim goodwill impairment tests in fiscal years beginning after December 15, 2019. Early adoption is permitted for interim or annual goodwill impairment tests performed on testing dates after January 1, 2017. The Company does not expect the adoption of ASU 2017-04 to have a material impact on its consolidated financial statements. During March 2017, the FASB issued ASU 2017-08, “Receivables—Nonrefundable Fees and Other Costs (Subtopic 310-20), Premium Amortization on Purchased Callable Debt Securities.” The amendments in this ASU shorten the amortization period for certain callable debt securities purchased at a premium. Upon adoption of the standard, premiums on these qualifying callable debt securities will be amortized to the earliest call date. Discounts on purchased debt securities will continue to be accreted to maturity. The amendments are effective for fiscal years beginning after December 15, 2018, and interim periods within those fiscal years. Early adoption is permitted, including adoption in an interim period. Upon transition, entities should apply the guidance on a modified retrospective basis, with a cumulative-effect adjustment to retained earnings as of the beginning of the period of adoption and provide the disclosures required for a change in accounting principle. The Company is currently assessing the impact that ASU 2017-08 will have on its consolidated financial statements. During May 2017, the FASB issued ASU 2017-09, “Compensation – Stock Compensation (Topic 718): Scope of Modification Accounting.” The amendments provide guidance on determining which changes to the terms and conditions of share-based payment awards require an entity to apply modification accounting under Topic 718. The amendments are effective for all entities for annual periods, including interim periods within those annual periods, beginning after December 15, 2017. Early adoption is permitted, including adoption in any interim period, for reporting periods for which financial statements have not yet been issued. The Company is currently assessing the impact that ASU 2017-09 will have on its consolidated financial statements.

Securities (Tables)

Securities (Tables)	6 Months Ended
	Jun. 30, 2017
Investments, Debt and Equity Securities [Abstract]
Schedule of Amortized Cost and Fair Values of Securities Available For Sale	The amortized cost and fair values of securities available for sale as of June 30, 2017 and December 31, 2016 were as follows (dollars in thousands): June 30, 2017 Amortized Gross Unrealized Gross Unrealized Fair Cost Gains (Losses) Value U.S. Government agencies $ 24,498 $ 2 $ (277 ) $ 24,223 Corporate bonds 2,014 8 - 2,022 Mortgage-backed securities/CMOs 40,539 82 (201 ) 40,420 Municipal bonds 18,519 196 (25 ) 18,690 $ 85,570 $ 288 $ (503 ) $ 85,355 December 31, 2016 Amortized Gross Unrealized Gross Unrealized Fair Cost Gains (Losses) Value U.S. Government agencies $ 14,998 $ - $ (497 ) $ 14,501 Corporate bonds 2,017 - (7 ) 2,010 Mortgage-backed securities/CMOs 25,470 27 (515 ) 24,982 Municipal bonds 15,357 30 (218 ) 15,169 $ 57,842 $ 57 $ (1,237 ) $ 56,662
Schedule of Unrealized Losses in the Bank's Securities Portfolio	The following table summarizes all securities with unrealized losses, segregated by length of time in a continuous unrealized loss position, at June 30, 2017 and December 31, 2016 (dollars in thousands): June 30, 2017 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 $ 16,722 $ (277 ) $ - $ - $ 16,722 $ (277 ) Mortgage-backed/CMOs 20,941 (153 ) 2,279 (48 ) 23,220 (201 ) Municipal bonds 5,057 (25 ) - - 5,057 (25 ) $ 42,720 $ (455 ) $ 2,279 $ (48 ) $ 44,999 $ (503 ) December 31, 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 $ 14,501 $ (497 ) $ - $ - $ 14,501 $ (497 ) Corporate bonds 2,010 (7 ) - - 2,010 (7 ) Mortgage-backed/CMOs 18,980 (441 ) 2,629 (74 ) 21,609 (515 ) Municipal bonds 10,382 (218 ) - - 10,382 (218 ) $ 45,873 $ (1,163 ) $ 2,629 $ (74 ) $ 48,502 $ (1,237 )

Loans (Tables)

Loans (Tables)	6 Months Ended
	Jun. 30, 2017
Loans and Leases Receivable Disclosure [Abstract]
Schedule of Composition of Loan Portfolio by Loan Classification	The composition of the loan portfolio by loan classification at June 30, 2017 and December 31, 2016 appears below (dollars in thousands). June 30, December 31, 2017 2016 Commercial Commercial and industrial - organic $ 43,511 $ 41,560 Commercial and industrial - government guaranteed 17,553 5,550 Commercial and industrial - syndicated 17,642 19,107 Total commercial and industrial 78,706 66,217 Real estate construction and land Residential construction 1,822 395 Commercial construction 10,235 4,422 Land and land development 10,274 10,865 Total construction and land 22,331 15,682 Real estate mortgages 1-4 family residential, first lien, investment 38,178 37,538 1-4 family residential, first lien, owner occupied 17,165 16,629 1-4 family residential, junior lien 3,447 2,871 Home equity lines of credit, first lien 8,474 7,912 Home equity lines of credit, junior lien 14,381 14,022 Farm 10,659 11,253 Multifamily 29,202 31,052 Commercial owner occupied 78,574 83,296 Commercial non-owner occupied 108,936 107,062 Total real estate mortgage 309,016 311,635 Consumer Consumer revolving credit 19,317 20,373 Consumer all other credit 10,301 11,328 Student loans purchased 53,131 56,900 Total consumer 82,749 88,601 Total loans 492,802 482,135 Less: Allowance for loan losses (3,701 ) (3,688 ) Net loans $ 489,101 $ 478,447
Schedule of Loans Classified as Impaired Loans	Following is a breakdown by class of the loans classified as impaired loans as of June 30, 2017 and December 31, 2016. 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 six months ended June 30, 2017 or the twelve months ended December 31, 2016. Interest income recognized is for the six months ended June 30, 2017 or the twelve months ended December 31, 2016. (Dollars below reported in thousands.) June 30, 2017 Unpaid Average Interest Recorded Principal Associated Recorded Income Investment Balance Allowance Investment Recognized Impaired loans without a valuation allowance: Land and land development $ 46 $ 97 $ - $ 48 $ - 1-4 family residential mortgages, first lien, owner occupied 107 142 - 111 - 1-4 family residential mortgages, junior lien 348 348 350 8 Commercial non-owner occupied real estate 993 993 - 1,003 22 Student loans purchased 904 904 - 908 25 Impaired loans with a valuation allowance - - - - - Total impaired loans $ 2,398 $ 2,484 $ - $ 2,420 $ 55 December 31, 2016 Unpaid Average Interest Recorded Principal Associated Recorded Income Investment Balance Allowance Investment Recognized Impaired loans without a valuation allowance: Land and land development $ 51 $ 100 $ - $ 55 $ - 1-4 family residential mortgages, first lien, owner occupied 116 147 - 123 - 1-4 family residential mortgages, junior lien 354 354 360 16 Commercial non-owner occupied real estate 1,012 1,012 - 1,036 45 Student loans purchased 889 889 - 498 55 Impaired loans with a valuation allowance - - - - - Total impaired loans $ 2,422 $ 2,502 $ - $ 2,072 $ 116
Schedule of Impaired Loans Classified as Non-Accruals by Class	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. The recorded investment in non-accrual loans is shown below by class (dollars in thousands): June 30, 2017 December 31, 2016 Land and land development $ 46 $ 51 1-4 family residential mortgage, first lien, owner occupied 107 116 Total nonaccrual loans $ 153 $ 167
Schedule of Loans Modified Under Terms of a TDR	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) June 30, 2017 December 31, 2016 No. of Recorded No. of Recorded Loans Investment Loans Investment Performing TDRs 1-4 family residential mortgages, junior lien 2 $ 348 2 $ 354 Commercial non-owner occupied real estate 1 993 1 1,012 Student loans purchased 55 904 50 889 Total performing TDRs 58 $ 2,245 53 $ 2,255 Nonperforming TDRs Land and land development 1 $ 27 1 $ 29 Total TDRs 59 $ 2,272 54 $ 2,284
Summary of Modified Loans	A summary of loans shown above that were modified under the terms of a TDR during the three and six months ended June 30, 2017 and 2016 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 paydowns, 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 June 30, 2017 June 30, 2016 Pre- Post- Pre- Post- Modification Modification Modification Modification Number Recorded Recorded Number Recorded Recorded of Loans Balance Balance of Loans Balance Balance Student loans purchased 5 $ 51 $ 51 38 $ 713 $ 713 Total loans modified during the period 5 $ 51 $ 51 38 $ 713 $ 713 For six months ended For six months ended June 30, 2017 June 30, 2016 Pre- Post- Pre- Post- Modification Modification Modification Modification Number Recorded Recorded Number Recorded Recorded of Loans Balance Balance of Loans Balance Balance Student loans purchased 9 $ 89 $ 90 38 $ 713 $ 713 Total loans modified during the period 9 $ 89 $ 90 38 $ 713 $ 713

Allowance for Loan Losses (Tabl

Allowance for Loan Losses (Tables)	6 Months Ended
	Jun. 30, 2017
Allowance for Loan Losses [Abstract]
Internal Risk Rating Grades	The following represents the loan portfolio designated by the internal risk ratings assigned to each credit as of June 30, 2017 and December 31, 2016 (dollars in thousands). There were no loans rated “Doubtful” as of either period. Special Sub- June 30, 2017 Excellent Good Pass Watch Mention standard TOTAL Commercial Commercial and industrial - organic $ 3,139 $ 19,555 $ 19,744 $ 131 $ 288 $ 654 $ 43,511 Commercial and industrial - government guaranteed 17,553 - - - - - 17,553 Commercial and industrial - syndicated - - 14,725 - - 2,917 17,642 Real estate construction Residential construction - - 1,822 - - - 1,822 Commercial construction - - 10,235 - - - 10,235 Land and land development - - 9,705 4 - 565 10,274 Real estate mortgages 1-4 family residential, first lien, investment - - 35,561 1,703 227 687 38,178 1-4 family residential, first lien, owner occupied - - 15,953 133 - 1,079 17,165 1-4 family residential, junior lien - - 2,792 273 199 183 3,447 Home equity lines of credit, first lien - - 8,236 238 - - 8,474 Home equity lines of credit, junior lien - - 14,270 - - 111 14,381 Farm - - 10,659 - - - 10,659 Multifamily - - 29,202 - - - 29,202 Commercial owner occupied - 682 77,606 286 - - 78,574 Commercial non-owner occupied - - 106,898 993 - 1,045 108,936 Consumer Consumer revolving credit 60 18,581 676 - - - 19,317 Consumer all other credit 358 9,118 787 3 - 35 10,301 Student loans purchased - - 52,227 904 - - 53,131 Total Loans $ 21,110 $ 47,936 $ 411,098 $ 4,668 $ 714 $ 7,276 $ 492,802 Special Sub- December 31, 2016 Excellent Good Pass Watch Mention standard TOTAL Commercial Commercial and industrial - organic $ 816 $ 24,225 $ 15,840 $ 259 $ 236 $ 184 $ 41,560 Commercial and industrial - government guaranteed 5,550 - - - - - 5,550 Commercial and industrial - syndicated - - 16,175 - - 2,932 19,107 Real estate construction Residential construction - - 395 - - - 395 Commercial construction - - 4,422 - - - 4,422 Land and land development - - 10,271 5 - 589 10,865 Real estate mortgages 1-4 family residential, first lien, investment - - 35,102 1,724 229 483 37,538 1-4 family residential, first lien, owner occupied - - 15,207 325 - 1,097 16,629 1-4 family residential, junior lien - - 2,214 326 189 142 2,871 Home equity lines of credit, first lien - - 7,872 40 - - 7,912 Home equity lines of credit, junior lien - - 13,911 - - 111 14,022 Farm - - 11,253 - - - 11,253 Multifamily - - 31,052 - - - 31,052 Commercial owner occupied - 695 81,582 1,019 - - 83,296 Commercial non-owner occupied - - 104,963 1,012 - 1,087 107,062 Consumer Consumer revolving credit 65 19,766 539 - - 3 20,373 Consumer all other credit 284 9,977 1,027 4 - 36 11,328 Student loans purchased - - 56,011 889 - - 56,900 Total Loans $ 6,715 $ 54,663 $ 407,836 $ 5,603 $ 654 $ 6,664 $ 482,135
Summary of Transactions in Allowance for Loan Losses by Loan Portfolio Segment	A summary of the transactions in the Allowance for Loan Losses by loan portfolio segment for the six months ended June 30, 2017 and the year ended December 31, 2016 appears below (dollars in thousands): Allowance for Loan Losses Rollforward by Portfolio Segment Real Estate Commercial Construction Real Estate Consumer Loans and Land Mortgages Loans Total Allowance for Loan Losses: Balance as of January 1, 2017 $ 824 $ 127 $ 2,506 $ 231 $ 3,688 Charge-offs (58 ) - - - (58 ) Recoveries 18 - 1 7 26 Provision for (recovery of) loan losses 88 48 (56 ) (35 ) 45 Ending Balance $ 872 $ 175 $ 2,451 $ 203 $ 3,701 Ending Balance: Individually evaluated for impairment $ - $ - $ - $ - $ - Collectively evaluated for impairment 872 175 2,451 203 3,701 Loans: Individually evaluated for impairment $ - $ 46 $ 1,448 $ 904 $ 2,398 Collectively evaluated for impairment 78,706 22,285 307,568 81,845 490,404 Ending Balance $ 78,706 $ 22,331 $ 309,016 $ 82,749 $ 492,802 As of and for the year ended December 31, 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 (25 ) - (12 ) - (37 ) Recoveries 32 - 3 12 47 Provision for (recovery of) loan losses 20 (32 ) (77 ) 200 111 Ending Balance $ 824 $ 127 $ 2,506 $ 231 $ 3,688 Ending Balance: Individually evaluated for impairment $ - $ - $ - $ - $ - Collectively evaluated for impairment 824 127 2,506 231 3,688 Loans: Individually evaluated for impairment $ - $ 51 $ 1,482 $ 889 $ 2,422 Collectively evaluated for impairment 66,217 15,631 310,153 87,712 479,713 Ending Balance $ 66,217 $ 15,682 $ 311,635 $ 88,601 $ 482,135
Schedule of Aging of Past Due Loans	The following tables show the aging of past due loans as of June 30, 2017 and December 31, 2016. Also included are loans that are 90 or more days past due but still accruing, because they are well secured and in the process of collection. (Dollars below reported in thousands.) Past Due Aging as of 90 Days June 30, 2017 30-59 60-89 90 Days or Past Due Days Past Days Past More Past Total Past Total and Still Due Due Due Due Current Loans Accruing Commercial loans Commercial and industrial - organic $ 25 $ - $ - $ 25 $ 43,486 $ 43,511 $ - Commercial and industrial - government guaranteed - - - - 17,553 17,553 - Commercial and industrial - syndicated - - - - 17,642 17,642 - Real estate construction and land Residential construction - - - - 1,822 1,822 - Commercial construction - - - - 10,235 10,235 - Land and land development - 19 - 19 10,255 10,274 - Real estate mortgages 1-4 family residential, first lien, investment 119 - 44 163 38,015 38,178 44 1-4 family residential, first lien, owner occupied - - 19 19 17,146 17,165 19 1-4 family residential, junior lien - - - - 3,447 3,447 - Home equity lines of credit, first lien - - - - 8,474 8,474 - Home equity lines of credit, junior lien - - - - 14,381 14,381 - Farm - - - - 10,659 10,659 - Multifamily - - - - 29,202 29,202 - Commercial owner occupied - - - - 78,574 78,574 - Commercial non-owner occupied - - - - 108,936 108,936 - Consumer loans Consumer revolving credit - - - - 19,317 19,317 - Consumer all other credit - - - - 10,301 10,301 - Student loans purchased 528 347 214 1,089 52,042 53,131 214 Total Loans $ 672 $ 366 $ 277 $ 1,315 $ 491,487 $ 492,802 $ 277 Past Due Aging as of 90 Days December 31, 2016 30-59 60-89 90 Days or Past Due Days Past Days Past More Past Total Past Total and Still Due Due Due Due Current Loans Accruing Commercial loans Commercial and industrial - organic $ 65 $ 61 $ - $ 126 $ 41,434 $ 41,560 $ - Commercial and industrial - government guaranteed - - - - 5,550 5,550 - Commercial and industrial - syndicated - - - - 19,107 19,107 - Real estate construction and land Residential construction - - - - 395 395 - Commercial construction - - - - 4,422 4,422 - Land and land development - - 22 22 10,843 10,865 - Real estate mortgages 1-4 family residential, first lien, investment 125 - - 125 37,413 37,538 - 1-4 family residential, first lien, owner occupied - - 20 20 16,609 16,629 20 1-4 family residential, junior lien - - - - 2,871 2,871 - Home equity lines of credit, first lien - - - - 7,912 7,912 - Home equity lines of credit, junior lien 36 - - 36 13,986 14,022 - Farm - - - - 11,253 11,253 - Multifamily - - - - 31,052 31,052 - Commercial owner occupied - - - - 83,296 83,296 - Commercial non-owner occupied - - - - 107,062 107,062 - Consumer loans Consumer revolving credit - - - - 20,373 20,373 - Consumer all other credit 1 48 - 49 11,279 11,328 - Student loans purchased 1,316 139 188 1,643 55,257 56,900 188 Total Loans $ 1,543 $ 248 $ 230 $ 2,021 $ 480,114 $ 482,135 $ 208

Intangible Assets (Tables)

Intangible Assets (Tables)	6 Months Ended
	Jun. 30, 2017
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	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 %
Schedule of gross and net balance of intangible assets	Through the six months ended June 2017 and 2016, the Company recognized $62 thousand and $42 thousand, respectively, in amortization expense from these identified intangible assets with a finite life. The net carrying value of $629 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 June 30, 2017. (Dollars below reported in thousands.) Gross Carrying Accumulated Net Carrying Value Amortization Value Identified Intangible Assets Non-Compete Agreement $ 103 $ 49 $ 54 Customer Relationships Intangible 670 95 $ 575 Total Identified Intangible Assets $ 773 $ 144 $ 629

Net Income Per Share and Stoc25

Net Income Per Share and Stock Repurchase Program (Tables)	6 Months Ended
	Jun. 30, 2017
Earnings Per Share [Abstract]
Schedule of weighted average number of shares used in computing earnings per share	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 six months ended June 30, 2017 and 2016. 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 June 30, 2017 June 30, 2016 Weighted Per Weighted Per Average Share Average Share Net Income Shares Amount Net Income Shares Amount Basic net income per share $ 1,920 2,386,721 $ 0.80 $ 1,510 2,359,101 $ 0.64 Effect of dilutive stock options - 22,689 - - 15,139 - Diluted net income per share $ 1,920 2,409,410 $ 0.80 $ 1,510 2,374,240 $ 0.63 Six Months Ended June 30, 2017 June 30, 2016 Weighted Per Weighted Per Average Share Average Share Net Income Shares Amount Net Income Shares Amount Basic net income per share $ 3,655 2,381,290 $ 1.53 $ 2,865 2,371,026 $ 1.21 Effect of dilutive stock options - 21,800 - - 14,635 - Diluted net income per share $ 3,655 2,403,090 $ 1.52 $ 2,865 2,385,661 $ 1.20

Stock Incentive Plans (Tables)

Stock Incentive Plans (Tables)	6 Months Ended
	Jun. 30, 2017
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Summary of Shares Issued and Available Under Each Plans	A summary of the shares issued and available under each of the Plans is shown below as of June 30, 2017. 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 ) (72,107 ) (2,000 ) Cancelled due to Plan expiration (20,315 ) (157,893 ) - Remaining available for grant - - 248,000 Grants issued and outstanding: Total vested and unvested shares 17,792 47,402 2,000 Fully vested shares 17,792 46,152 - Exercise price range $18.26 to $11.74 to $30.20 to $18.26 $26.96 $30.20
Summary of Stock Option Activity	Changes in the stock options outstanding related to all of the Plans are summarized as follows (dollars in thousands except per share data): June 30, 2017 Weighted Average Aggregate Number of Options Exercise Price Intrinsic Value Outstanding at January 1, 2017 98,893 $ 22.83 $ 592 Issued 2,000 30.20 Exercised (23,234 ) 20.11 Forfeited (4,600 ) 26.96 Expired (5,865 ) 33.91 Outstanding at June 30, 2017 67,194 $ 22.75 $ 938 Options exercisable at June 30, 2017 63,944 $ 22.60 $ 901
Schedule of Options Outstanding and Exercisable, by Exercise Price Range	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 twelve months ended December 31, 2016. During the first six months of 2017, a stock option grant of 2,000 shares was issued, and the fair value on the grant issued was estimated based on the assumptions noted in the following table: For the six months ended June 30, 2017 Expected volatility 1 17.90% Expected dividends 2 1.72% Expected term (in years) 3 6.25 Risk-free rate 4 2.00% 1 Based on the monthly historical volatility of the Company’s stock price over the expected life of the options. 2 Calculated as the ratio of historical dividends paid per share of common stock to the stock price on the date of grant. 3 Based on the average of the contractual life and vesting period for the respective option. 4 Based upon an interpolated US Treasury yield curve interest rate that corresponds to the contractual life of the option, in effect at the time of the grant. Summary information pertaining to options outstanding at June 30, 2017 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 21,342 2.3 Years $ 17.89 20,092 $ 17.87 $20.01 to 30.00 43,852 0.7 Years 24.77 43,852 24.77 $30.01 to 36.74 2,000 9.7 Years 30.20 0 - Total 67,194 1.5 Years $ 22.75 63,944 $ 22.60

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	6 Months Ended
	Jun. 30, 2017
Fair Value Disclosures [Abstract]
Schedule of Available for Sale Securities Measured at Fair Value on a Recurring Basis	The following tables present the balances measured at fair value on a recurring basis as of June 30, 2017 and December 31, 2016 (dollars in thousands): Fair Value Measurements at June 30, 2017 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 $ 24,223 $ - $ 24,223 $ - Corporate bonds 2,022 - 2,022 - Mortgage-backed securities/CMOs 40,420 - 40,420 - Municipal bonds 18,690 - 18,690 - Total securities available for sale $ 85,355 $ - $ 85,355 $ - Fair Value Measurements at December 31, 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 $ 14,501 $ - $ 14,501 $ - Corporate bonds 2,010 - 2,010 - Mortgage-backed securities/CMOs 24,982 - 24,982 - Municipal bonds 15,169 - 15,169 - Total securities available for sale $ 56,662 $ - $ 56,662 $ -
Schedule of the Carrying Values and Estimated Fair Values of the Bank's Financial Instruments	The carrying values and estimated fair values of the Company's financial instruments as of June 30, 2017 and December 31, 2016 are as follows (dollars in thousands): Fair Value Measurement at June 30, 2017 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 $ 9,596 $ 9,596 $ - $ - $ 9,596 Available for sale securities 85,355 - 85,355 - 85,355 Loans, net 489,101 - - 485,340 485,340 Bank owned life insurance 14,126 - 14,126 - 14,126 Accrued interest receivable 1,784 - 373 1,411 1,784 Liabilities Demand deposits and interest-bearing transaction and money market accounts $ 405,480 $ - $ 405,480 $ - $ 405,480 Certificates of deposit 124,929 - 124,892 - 124,892 Federal funds purchased and securities sold under agreements to repurchase 19,942 - 19,942 - 19,942 Accrued interest payable 128 - 128 - 128 Fair Value Measurement at December 31, 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 $ 38,500 $ 38,500 $ - $ - $ 38,500 Available for sale securities 56,662 - 56,662 - 56,662 Loans, net 478,447 - - 476,438 476,438 Bank owned life insurance 13,917 - 13,917 - 13,917 Accrued interest receivable 1,662 - 272 1,390 1,662 Liabilities Demand deposits and interest-bearing transaction and money market accounts $ 409,625 $ - $ 409,625 $ - $ 409,625 Certificates of deposit 115,026 - 114,979 - 114,979 Securities sold under agreements to repurchase 19,700 - 19,700 - 19,700 Accrued interest payable 107 - 107 - 107

Other Comprehensive Income (Tab

Other Comprehensive Income (Tables)	6 Months Ended
	Jun. 30, 2017
Other Comprehensive Income (Loss), Tax [Abstract]
Schedule of 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 six months ended June 30, 2017 and 2016 (dollars in thousands): Three Months Ended Six Months Ended June 30, 2017 June 30, 2016 June 30, 2017 June 30, 2016 Available for sale securities Realized gains on sales of securities $ - $ - $ 4 $ 8 Tax effect - - (1 ) (3 ) Realized gains, net of tax $ - $ - $ 3 $ 5

Segment Reporting (Tables)

Segment Reporting (Tables)	6 Months Ended
	Jun. 30, 2017
Segment Reporting [Abstract]
Schedule of segment reporting information	Segment information for the three and six months ended June 30, 2017 and 2016 is shown in the following tables (dollars in thousands). 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. Three months ended June 30, 2017 Bank VNB Wealth Consolidated Net interest income $ 5,304 $ 23 $ 5,327 Provision for loan losses 115 - 115 Noninterest income 705 622 1,327 Noninterest expense 3,177 536 3,713 Income before income taxes 2,717 109 2,826 Provision for income taxes 869 37 906 Net income $ 1,848 $ 72 $ 1,920 Total assets $ 604,946 $ 9,579 $ 614,525 Three months ended June 30, 2016 Bank VNB Wealth Consolidated Net interest income $ 4,419 $ 11 $ 4,430 Provision for (recovery of) loan losses (275 ) - (275 ) Noninterest income 744 506 1,250 Noninterest expense 3,170 589 3,759 Income (loss) before income taxes 2,268 (72 ) 2,196 Provision for (benefit of) income taxes 710 (24 ) 686 Net income (loss) $ 1,558 $ (48 ) $ 1,510 Total assets $ 536,061 $ 9,617 $ 545,678 Six months ended June 30, 2017 Bank VNB Wealth Consolidated Net interest income $ 10,341 $ 40 $ 10,381 Provision for loan losses 45 - 45 Noninterest income 1,367 1,209 2,576 Noninterest expense 6,478 1,060 7,538 Income before income taxes 5,185 189 5,374 Provision for income taxes 1,654 65 1,719 Net income $ 3,531 $ 124 $ 3,655 Six months ended June 30, 2016 Bank VNB Wealth Consolidated Net interest income $ 8,921 $ 23 $ 8,944 Provision for (recovery of) loan losses (395 ) - (395 ) Noninterest income 1,422 952 2,374 Noninterest expense 6,353 1,203 7,556 Income (loss) before income taxes 4,385 (228 ) 4,157 Provision for (benefit of) income taxes 1,369 (77 ) 1,292 Net income (loss) $ 3,016 $ (151 ) $ 2,865

Securities (Narrative) (Details

Securities (Narrative) (Details) $ in Thousands	6 Months Ended
	Jun. 30, 2017USD ($)item	Jun. 30, 2016USD ($)	Dec. 31, 2016USD ($)
Schedule of Investments [Line Items]
Number of securities designated as available for sale securities having unrealized loss | item	39
Proceeds from the sales of securities	$ 653	$ 2,000
Gross net realized gains on sale of securities	4	$ 8
Securities pledged to secure deposits and for other purposes required by law	34,000		$ 34,200
Available-for-sale Securities, Continuous Unrealized Loss Position, Fair Value	44,999		48,502
Unrealized loss of available for sale securities	$ 503		1,237
Municipal bonds [Member]
Schedule of Investments [Line Items]
Number of securities designated as available for sale securities having unrealized loss | item	9
Available-for-sale Securities, Continuous Unrealized Loss Position, Fair Value	$ 5,057		10,382
Unrealized loss of available for sale securities	$ 25		218
Mortgage-backed securities/CMOs [Member]
Schedule of Investments [Line Items]
Number of securities designated as available for sale securities having unrealized loss | item	23
Available-for-sale Securities, Continuous Unrealized Loss Position, Fair Value	$ 23,220		21,609
Unrealized loss of available for sale securities	$ 201		515
U.S. Government agencies [Member]
Schedule of Investments [Line Items]
Number of securities designated as available for sale securities having unrealized loss	7
Available-for-sale Securities, Continuous Unrealized Loss Position, Fair Value	$ 16,722		14,501
Unrealized loss of available for sale securities	$ 277		$ 497

Securities (Amortized Cost and

Securities (Amortized Cost and Fair Values of Securities Available for Sale) (Details)) - USD ($) $ in Thousands	Jun. 30, 2017	Dec. 31, 2016
Available for Sale
Amortized Cost	$ 85,570	$ 57,842
Gross Unrealized Gains	288	57
Gross Unrealized (Losses)	(503)	(1,237)
Available for Sale, Fair Value	85,355	56,662
U.S. Government agencies [Member]
Available for Sale
Amortized Cost	24,498	14,998
Gross Unrealized Gains	2
Gross Unrealized (Losses)	(277)	(497)
Available for Sale, Fair Value	24,223	14,501
Corporate bonds [Member]
Available for Sale
Amortized Cost	2,014	2,017
Gross Unrealized Gains	8
Gross Unrealized (Losses)		(7)
Available for Sale, Fair Value	2,022	2,010
Mortgage-backed securities/CMOs [Member]
Available for Sale
Amortized Cost	40,539	25,470
Gross Unrealized Gains	82	27
Gross Unrealized (Losses)	(201)	(515)
Available for Sale, Fair Value	40,420	24,982
Municipal bonds [Member]
Available for Sale
Amortized Cost	18,519	15,357
Gross Unrealized Gains	196	30
Gross Unrealized (Losses)	(25)	(218)
Available for Sale, Fair Value	$ 18,690	$ 15,169

Securities (Schedule of Unreali

Securities (Schedule of Unrealized Losses) (Details) - USD ($) $ in Thousands	Jun. 30, 2017	Dec. 31, 2016
Schedule of Available-for-sale Securities [Line Items]
Continuous Unrealized Loss Position of Less Than 12 Months, Estimated Fair value	$ 42,720	$ 45,873
Continuous Unrealized Loss Position of 12 Months or More, Estimated Fair value	2,279	2,629
Total, Estimated Fair value	44,999	48,502
Continuous Unrealized Loss Position of Less Than 12 Months, Unrealized losses	(455)	(1,163)
Continuous Unrealized Loss Position of 12 Months or More, Unrealized losses	(48)	(74)
Total, Unrealized losses	(503)	(1,237)
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	16,722	14,501
Continuous Unrealized Loss Position of 12 Months or More, Estimated Fair value
Total, Estimated Fair value	16,722	14,501
Continuous Unrealized Loss Position of Less Than 12 Months, Unrealized losses	(277)	(497)
Continuous Unrealized Loss Position of 12 Months or More, Unrealized losses
Total, Unrealized losses	(277)	(497)
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	20,941	18,980
Continuous Unrealized Loss Position of 12 Months or More, Estimated Fair value	2,279	2,629
Total, Estimated Fair value	23,220	21,609
Continuous Unrealized Loss Position of Less Than 12 Months, Unrealized losses	(153)	(441)
Continuous Unrealized Loss Position of 12 Months or More, Unrealized losses	(48)	(74)
Total, Unrealized losses	(201)	(515)
Municipal bonds [Member]
Schedule of Available-for-sale Securities [Line Items]
Continuous Unrealized Loss Position of Less Than 12 Months, Estimated Fair value	5,057	10,382
Continuous Unrealized Loss Position of 12 Months or More, Estimated Fair value
Total, Estimated Fair value	5,057	10,382
Continuous Unrealized Loss Position of Less Than 12 Months, Unrealized losses	(25)	(218)
Continuous Unrealized Loss Position of 12 Months or More, Unrealized losses
Total, Unrealized losses	$ (25)	(218)
Corporate bonds [Member]
Schedule of Available-for-sale Securities [Line Items]
Continuous Unrealized Loss Position of Less Than 12 Months, Estimated Fair value		2,010
Continuous Unrealized Loss Position of 12 Months or More, Estimated Fair value
Total, Estimated Fair value		2,010
Continuous Unrealized Loss Position of Less Than 12 Months, Unrealized losses		(7)
Continuous Unrealized Loss Position of 12 Months or More, Unrealized losses
Total, Unrealized losses		$ (7)

Loans (Narrative) (Details)

Loans (Narrative) (Details) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2017USD ($)item	Jun. 30, 2016item	Jun. 30, 2017USD ($)item	Jun. 30, 2016item	Dec. 31, 2016USD ($)
Number of Loans | item	5	38	9	38
Unamortized premium | $	$ 1,800		$ 1,800		$ 700
Net deferred loan costs | $	$ 261		$ 261		$ 344
Student Loans Purchased [Member]
Number of Loans | item	5	38	9	38
Student Loans Purchased [Member] | Performing [Member]
Number of Loans | item			55
Total Troubled Debt Restructurings | $			$ 904

Loans (Schedule of Composition

Loans (Schedule of Composition of Loan Portfolio by Loan Classification) (Details) - USD ($) $ in Thousands	Jun. 30, 2017	Dec. 31, 2016
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans	$ 492,802	$ 482,135
Less: Allowance for loan losses	(3,701)	(3,688)
Loans, net	489,101	478,447
Commercial and industrial - organic [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans	43,511	41,560
Commercial and industrial - government guaranteed [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans	17,553	5,550
Commercial and industrial - syndicated [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans	17,642	19,107
Commercial Loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans	78,706	66,217
Residential construction [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans	1,822	395
Commercial construction [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans	10,235	4,422
Land and land development [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans	10,274	10,865
Real Estate Construction and Land [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans	22,331	15,682
1-4 family residential, first lien, investment [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans	38,178	37,538
1-4 family residential, first lien, owner occupied [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans	17,165	16,629
1-4 family residential, junior lien [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans	3,447	2,871
Home equity lines of credit, first lien [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans	8,474	7,912
Home equity lines of credit, junior lien [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans	14,381	14,022
Farm [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans	10,659	11,253
Multifamily [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans	29,202	31,052
Commercial owner occupied [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans	78,574	83,296
Commercial non-owner occupied [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans	108,936	107,062
Real Estate Mortgages [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans	309,016	311,635
Consumer revolving credit [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans	19,317	20,373
Consumer all other credit [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans	10,301	11,328
Student Loans Purchased [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans	53,131	56,900
Consumer Loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans	$ 82,749	$ 88,601

Loans (Impaired Loans by Loan C

Loans (Impaired Loans by Loan Classification) (Details) - USD ($) $ in Thousands	6 Months Ended	12 Months Ended
	Jun. 30, 2017	Dec. 31, 2016
Financing Receivable, Impaired [Line Items]
Recorded Investment, without a valuation allowance	$ 2,398	$ 2,422
Unpaid Principal Balance, without a valuation allowance	2,484	2,502
Associated Allowance, without a valuation allowance
Average Recorded Investment, without a valuation allowance	2,420	2,072
Interest Income Recognized, without a valuation allowance	55	116
Recorded Investment, total	2,398	2,422
Unpaid Principal Balance, total	2,484	2,502
Associated Allowance, total
Average Recorded Investment, total	2,420	2,072
Interest Income Recognized, total	55	116
Land and land development [Member]
Financing Receivable, Impaired [Line Items]
Recorded Investment, without a valuation allowance	46	51
Unpaid Principal Balance, without a valuation allowance	97	100
Associated Allowance, without a valuation allowance
Average Recorded Investment, without a valuation allowance	48	55
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	107	116
Unpaid Principal Balance, without a valuation allowance	142	147
Associated Allowance, without a valuation allowance
Average Recorded Investment, without a valuation allowance	111	123
Interest Income Recognized, without a valuation allowance
1-4 family residential, junior lien [Member]
Financing Receivable, Impaired [Line Items]
Recorded Investment, without a valuation allowance	348	354
Unpaid Principal Balance, without a valuation allowance	348	354
Associated Allowance, without a valuation allowance
Average Recorded Investment, without a valuation allowance	350	360
Interest Income Recognized, without a valuation allowance	8	16
Commercial non-owner occupied [Member]
Financing Receivable, Impaired [Line Items]
Recorded Investment, without a valuation allowance	993	1,012
Unpaid Principal Balance, without a valuation allowance	993	1,012
Associated Allowance, without a valuation allowance
Average Recorded Investment, without a valuation allowance	1,003	1,036
Interest Income Recognized, without a valuation allowance	22	45
Student Loans Purchased [Member]
Financing Receivable, Impaired [Line Items]
Recorded Investment, without a valuation allowance	904	889
Unpaid Principal Balance, without a valuation allowance	904	889
Associated Allowance, without a valuation allowance
Average Recorded Investment, without a valuation allowance	908	498
Interest Income Recognized, without a valuation allowance	25	55
Impaired loans with a valuation allowance [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
Interest Income Recognized, without a valuation allowance

Loans (Non-Accrual Loans by Loa

Loans (Non-Accrual Loans by Loan Classification) (Details) - USD ($) $ in Thousands	Jun. 30, 2017	Dec. 31, 2016
Financing Receivable, Recorded Investment [Line Items]
Total nonaccrual loans	$ 153	$ 167
Land and land development [Member]
Financing Receivable, Recorded Investment [Line Items]
Total nonaccrual loans	46	51
1-4 family residential, first lien, owner occupied [Member]
Financing Receivable, Recorded Investment [Line Items]
Total nonaccrual loans	$ 107	$ 116

Loans (Schedule of Troubled Deb

Loans (Schedule of Troubled Debt Restructurings) (Details) $ in Thousands	Jun. 30, 2017USD ($)item	Dec. 31, 2016USD ($)item
Financing Receivable, Recorded Investment [Line Items]
Number of loans | item	59	54
Total Troubled Debt Restructurings | $	$ 2,272	$ 2,284
Performing [Member]
Financing Receivable, Recorded Investment [Line Items]
Number of loans | item	58	53
Total Troubled Debt Restructurings | $	$ 2,245	$ 2,255
1-4 family residential, junior lien [Member] | Performing [Member]
Financing Receivable, Recorded Investment [Line Items]
Number of loans | item	2	2
Total Troubled Debt Restructurings | $	$ 348	$ 354
Commercial non-owner occupied [Member] | Performing [Member]
Financing Receivable, Recorded Investment [Line Items]
Number of loans | item	1	1
Total Troubled Debt Restructurings | $	$ 993	$ 1,012
Student Loans Purchased [Member] | Performing [Member]
Financing Receivable, Recorded Investment [Line Items]
Number of loans | item	55	50
Total Troubled Debt Restructurings | $	$ 904	$ 889
Land and land development [Member] | Nonperforming [Member]
Financing Receivable, Recorded Investment [Line Items]
Number of loans | item	1	1
Total Troubled Debt Restructurings | $	$ 27	$ 29

Loans (Schedule of Loans Modifi

Loans (Schedule of Loans Modified Under the Terms of a TDR) (Details) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2017USD ($)item	Jun. 30, 2016USD ($)item	Jun. 30, 2017USD ($)item	Jun. 30, 2016USD ($)item
Financing Receivable, Modifications [Line Items]
Number of Loans | item	5	38	9	38
Pre-Modification Recorded Balance	$ 51	$ 713	$ 89	$ 713
Post-Modification Recorded Balance	$ 51	$ 713	$ 90	$ 713
Student Loans Purchased [Member]
Financing Receivable, Modifications [Line Items]
Number of Loans | item	5	38	9	38
Pre-Modification Recorded Balance	$ 51	$ 713	$ 89	$ 713
Post-Modification Recorded Balance	$ 51	$ 713	$ 90	$ 713

Allowance for Loan Losses (Narr

Allowance for Loan Losses (Narrative) (Details) - USD ($) $ in Thousands	Jun. 30, 2017	Dec. 31, 2016
Allowance for Loan Losses [Abstract]
Impaired loans	$ 2,398	$ 2,422

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	Jun. 30, 2017	Dec. 31, 2016
Financing Receivable, Recorded Investment [Line Items]
Loans	$ 492,802	$ 482,135
Substandard [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans	7,276	6,664
Special Mention [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans	714	654
Watch [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans	4,668	5,603
Pass [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans	411,098	407,836
Good [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans	47,936	54,663
Excellent [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans	21,110	6,715
Commercial and industrial - government guaranteed [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans	17,553	5,550
Commercial and industrial - government guaranteed [Member] | Substandard [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans
Commercial and industrial - government guaranteed [Member] | Special Mention [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans
Commercial and industrial - government guaranteed [Member] | Watch [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans
Commercial and industrial - government guaranteed [Member] | Pass [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans
Commercial and industrial - government guaranteed [Member] | Good [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans
Commercial and industrial - government guaranteed [Member] | Excellent [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans	17,553	5,550
Residential construction [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans	1,822	395
Residential construction [Member] | Substandard [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans
Residential construction [Member] | Special Mention [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans
Residential construction [Member] | Watch [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans
Residential construction [Member] | Pass [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans	1,822	395
Residential construction [Member] | Good [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans
Residential construction [Member] | Excellent [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans
Commercial construction [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans	10,235	4,422
Commercial construction [Member] | Substandard [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans
Commercial construction [Member] | Special Mention [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans
Commercial construction [Member] | Watch [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans
Commercial construction [Member] | Pass [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans	10,235	4,422
Commercial construction [Member] | Good [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans
Commercial construction [Member] | Excellent [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans
Commercial and industrial - organic [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans	43,511	41,560
Commercial and industrial - organic [Member] | Substandard [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans	654	184
Commercial and industrial - organic [Member] | Special Mention [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans	288	236
Commercial and industrial - organic [Member] | Watch [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans	131	259
Commercial and industrial - organic [Member] | Pass [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans	19,744	15,840
Commercial and industrial - organic [Member] | Good [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans	19,555	24,225
Commercial and industrial - organic [Member] | Excellent [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans	3,139	816
Commercial and industrial - syndicated [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans	17,642	19,107
Commercial and industrial - syndicated [Member] | Substandard [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans	2,917	2,932
Commercial and industrial - syndicated [Member] | Special Mention [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans
Commercial and industrial - syndicated [Member] | Watch [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans
Commercial and industrial - syndicated [Member] | Pass [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans	14,725	16,175
Commercial and industrial - syndicated [Member] | Good [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans
Commercial and industrial - syndicated [Member] | Excellent [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans
Multifamily [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans	29,202	31,052
Multifamily [Member] | Substandard [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans
Multifamily [Member] | Special Mention [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans
Multifamily [Member] | Watch [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans
Multifamily [Member] | Pass [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans	29,202	31,052
Multifamily [Member] | Good [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans
Multifamily [Member] | Excellent [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans
Farm [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans	10,659	11,253
Farm [Member] | Substandard [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans
Farm [Member] | Special Mention [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans
Farm [Member] | Watch [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans
Farm [Member] | Pass [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans	10,659	11,253
Farm [Member] | Good [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans
Farm [Member] | Excellent [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans
Commercial owner occupied [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans	78,574	83,296
Commercial owner occupied [Member] | Substandard [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans
Commercial owner occupied [Member] | Special Mention [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans
Commercial owner occupied [Member] | Watch [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans	286	1,019
Commercial owner occupied [Member] | Pass [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans	77,606	81,582
Commercial owner occupied [Member] | Good [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans	682	695
Commercial owner occupied [Member] | Excellent [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans
Commercial non-owner occupied [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans	108,936	107,062
Commercial non-owner occupied [Member] | Substandard [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans	1,045	1,087
Commercial non-owner occupied [Member] | Special Mention [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans
Commercial non-owner occupied [Member] | Watch [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans	993	1,012
Commercial non-owner occupied [Member] | Pass [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans	106,898	104,963
Commercial non-owner occupied [Member] | Good [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans
Commercial non-owner occupied [Member] | Excellent [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans
Real Estate Mortgages [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans	309,016	311,635
Consumer revolving credit [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans	19,317	20,373
Consumer revolving credit [Member] | Substandard [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans		3
Consumer revolving credit [Member] | Special Mention [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans
Consumer revolving credit [Member] | Watch [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans
Consumer revolving credit [Member] | Pass [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans	676	539
Consumer revolving credit [Member] | Good [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans	18,581	19,766
Consumer revolving credit [Member] | Excellent [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans	60	65
Consumer all other credit [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans	10,301	11,328
Consumer all other credit [Member] | Substandard [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans	35	36
Consumer all other credit [Member] | Special Mention [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans
Consumer all other credit [Member] | Watch [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans	3	4
Consumer all other credit [Member] | Pass [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans	787	1,027
Consumer all other credit [Member] | Good [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans	9,118	9,977
Consumer all other credit [Member] | Excellent [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans	358	205
Student Loans Purchased [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans	53,131	56,900
Student Loans Purchased [Member] | Substandard [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans
Student Loans Purchased [Member] | Special Mention [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans
Student Loans Purchased [Member] | Watch [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans	904	889
Student Loans Purchased [Member] | Pass [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans	52,227	56,011
Student Loans Purchased [Member] | Good [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans
Student Loans Purchased [Member] | Excellent [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans
Home equity lines of credit, junior lien [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans	14,381	14,022
Home equity lines of credit, junior lien [Member] | Substandard [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans	111	111
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] | Watch [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	14,270	13,911
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] | Excellent [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans
Home equity lines of credit, first lien [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans	8,474	7,912
Home equity lines of credit, first lien [Member] | Substandard [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans
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] | Watch [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans	238	40
Home equity lines of credit, first lien [Member] | Pass [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans	8,236	7,872
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] | Excellent [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans
1-4 family residential, junior lien [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans	3,447	2,871
1-4 family residential, junior lien [Member] | Substandard [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans	183	142
1-4 family residential, junior lien [Member] | Special Mention [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans	199	189
1-4 family residential, junior lien [Member] | Watch [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans	273	326
1-4 family residential, junior lien [Member] | Pass [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans	2,792	2,214
1-4 family residential, junior lien [Member] | Good [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans
1-4 family residential, junior lien [Member] | Excellent [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans
1-4 family residential, first lien, owner occupied [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans	17,165	16,629
1-4 family residential, first lien, owner occupied [Member] | Substandard [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans	1,079	1,097
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] | Watch [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans	133	325
1-4 family residential, first lien, owner occupied [Member] | Pass [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans	15,953	15,207
1-4 family residential, first lien, owner occupied [Member] | Good [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans
1-4 family residential, first lien, owner occupied [Member] | Excellent [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans
1-4 family residential, first lien, investment [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans	38,178	37,538
1-4 family residential, first lien, investment [Member] | Substandard [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans	687	483
1-4 family residential, first lien, investment [Member] | Special Mention [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans	227	229
1-4 family residential, first lien, investment [Member] | Watch [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans	1,703	1,724
1-4 family residential, first lien, investment [Member] | Pass [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans	35,561	35,102
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] | Excellent [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans
Land and land development [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans	10,274	10,865
Land and land development [Member] | Substandard [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans	565	589
Land and land development [Member] | Special Mention [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans
Land and land development [Member] | Watch [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans	4	5
Land and land development [Member] | Pass [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans	9,705	10,271
Land and land development [Member] | Good [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans
Land and land development [Member] | Excellent [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans
Consumer Loans [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans	82,749	88,601
Real Estate Construction and Land [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans	22,331	15,682
Commercial Loans [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans	$ 78,706	$ 66,217

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		6 Months Ended		12 Months Ended
	Jun. 30, 2017	Jun. 30, 2016	Jun. 30, 2017	Jun. 30, 2016	Dec. 31, 2016
Allowance for loan losses:
Beginning Balance			$ 3,688	$ 3,567	$ 3,567
Charge-offs			(58)		(37)
Recoveries			26		47
Provision for (recovery of) loan losses	$ 115	$ (275)	45	(395)	111
Ending Balance	3,701		3,701		3,688
Ending balance: Individually evaluated for impairment
Ending balance: Collectively evaluated for impairment	3,701		3,701		3,688
Loans:
Individually evaluated for impairment	2,398		2,398		2,422
Collectively evaluated for impairment	490,404		490,404		479,713
Ending Balance	492,802		492,802		482,135
Commercial Loans [Member]
Allowance for loan losses:
Beginning Balance			824	797	797
Charge-offs			(58)		(25)
Recoveries			18		32
Provision for (recovery of) loan losses			88		20
Ending Balance	872		872		824
Ending balance: Individually evaluated for impairment
Ending balance: Collectively evaluated for impairment	872		872		824
Loans:
Individually evaluated for impairment
Collectively evaluated for impairment	78,706		78,706		66,217
Ending Balance	78,706		78,706		66,217
Real Estate Construction and Land [Member]
Allowance for loan losses:
Beginning Balance			127	159	159
Charge-offs
Recoveries
Provision for (recovery of) loan losses			48		(32)
Ending Balance	175		175		127
Ending balance: Individually evaluated for impairment
Ending balance: Collectively evaluated for impairment	175		175		127
Loans:
Individually evaluated for impairment	46		46		51
Collectively evaluated for impairment	22,285		22,285		15,631
Ending Balance	22,331		22,331		15,682
Real Estate Mortgages [Member]
Allowance for loan losses:
Beginning Balance			2,506	2,592	2,592
Charge-offs					(12)
Recoveries			1		3
Provision for (recovery of) loan losses			(56)		(77)
Ending Balance	2,451		2,451		2,506
Ending balance: Individually evaluated for impairment
Ending balance: Collectively evaluated for impairment	2,451		2,451		2,506
Loans:
Individually evaluated for impairment	1,448		1,448		1,482
Collectively evaluated for impairment	307,568		307,568		310,153
Ending Balance	309,016		309,016		311,635
Consumer Loans [Member]
Allowance for loan losses:
Beginning Balance			231	$ 19	19
Charge-offs
Recoveries			7		12
Provision for (recovery of) loan losses			(35)		200
Ending Balance	203		203		231
Ending balance: Individually evaluated for impairment
Ending balance: Collectively evaluated for impairment	203		203		231
Loans:
Individually evaluated for impairment	904		904		889
Collectively evaluated for impairment	81,845		81,845		87,712
Ending Balance	$ 82,749		$ 82,749		$ 88,601

Allowance for Loan Losses (Sche

Allowance for Loan Losses (Schedule of Aging of Past Due Loans) (Details) - USD ($) $ in Thousands	Jun. 30, 2017	Dec. 31, 2016
Past Due and Non-Accrual Loans
Total Past Due	$ 1,315	$ 2,021
Current	491,487	480,114
Total Loans	492,802	482,135
90 Days Past Due and Still Accruing	277	208
30-59 Days Past Due [Member]
Past Due and Non-Accrual Loans
Total Past Due	672	1,543
60-89 Days Past Due [Member]
Past Due and Non-Accrual Loans
Total Past Due	366	248
90 Days or More Past Due [Member]
Past Due and Non-Accrual Loans
Total Past Due	277	230
Commercial and industrial - organic [Member]
Past Due and Non-Accrual Loans
Total Past Due	25	126
Current	43,486	41,434
Total Loans	43,511	41,560
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	25	65
Commercial and industrial - organic [Member] | 60-89 Days Past Due [Member]
Past Due and Non-Accrual Loans
Total Past Due		61
Commercial and industrial - organic [Member] | 90 Days or More Past Due [Member]
Past Due and Non-Accrual Loans
Total Past Due
Commercial and industrial - government guaranteed [Member]
Past Due and Non-Accrual Loans
Total Past Due
Current	17,553	5,550
Total Loans	17,553	5,550
90 Days Past Due and Still Accruing
Commercial and industrial - government guaranteed [Member] | 30-59 Days Past Due [Member]
Past Due and Non-Accrual Loans
Total Past Due
Commercial and industrial - government guaranteed [Member] | 60-89 Days Past Due [Member]
Past Due and Non-Accrual Loans
Total Past Due
Commercial and industrial - government guaranteed [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	17,642	19,107
Total Loans	17,642	19,107
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	1,822	395
Total Loans	1,822	395
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	10,235	4,422
Total Loans	10,235	4,422
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
Land and land development [Member]
Past Due and Non-Accrual Loans
Total Past Due	19	22
Current	10,255	10,843
Total Loans	10,274	10,865
90 Days Past Due and Still Accruing
Land and land development [Member] | 30-59 Days Past Due [Member]
Past Due and Non-Accrual Loans
Total Past Due
Land and land development [Member] | 60-89 Days Past Due [Member]
Past Due and Non-Accrual Loans
Total Past Due	19
Land and land development [Member] | 90 Days or More Past Due [Member]
Past Due and Non-Accrual Loans
Total Past Due		22
1-4 family residential, first lien, investment [Member]
Past Due and Non-Accrual Loans
Total Past Due	163	125
Current	38,015	37,413
Total Loans	38,178	37,538
90 Days Past Due and Still Accruing	44
1-4 family residential, first lien, investment [Member] | 30-59 Days Past Due [Member]
Past Due and Non-Accrual Loans
Total Past Due	119	125
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	44
1-4 family residential, first lien, owner occupied [Member]
Past Due and Non-Accrual Loans
Total Past Due	19	20
Current	17,146	16,609
Total Loans	17,165	16,629
90 Days Past Due and Still Accruing	19	20
1-4 family residential, first lien, owner occupied [Member] | 30-59 Days Past Due [Member]
Past Due and Non-Accrual Loans
Total Past Due
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	19	20
1-4 family residential, junior lien [Member]
Past Due and Non-Accrual Loans
Total Past Due
Current	3,447	2,871
Total Loans	3,447	2,871
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
1-4 family residential, junior lien [Member] | 60-89 Days Past Due [Member]
Past Due and Non-Accrual Loans
Total Past Due
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	8,474	7,912
Total Loans	8,474	7,912
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
Farm [Member]
Past Due and Non-Accrual Loans
Total Past Due
Current	10,659	11,253
Total Loans	10,659	11,253
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	29,202	31,052
Total Loans	29,202	31,052
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	78,574	83,296
Total Loans	78,574	83,296
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 [Member]
Past Due and Non-Accrual Loans
Total Past Due
Current	108,936	107,062
Total Loans	108,936	107,062
90 Days Past Due and Still Accruing
Commercial non-owner occupied [Member] | 30-59 Days Past Due [Member]
Past Due and Non-Accrual Loans
Total Past Due
Commercial non-owner occupied [Member] | 60-89 Days Past Due [Member]
Past Due and Non-Accrual Loans
Total Past Due
Commercial non-owner occupied [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	19,317	20,373
Total Loans	19,317	20,373
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		49
Current	10,301	11,279
Total Loans	10,301	11,328
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		1
Consumer all other credit [Member] | 60-89 Days Past Due [Member]
Past Due and Non-Accrual Loans
Total Past Due		48
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	1,089	1,643
Current	52,042	55,257
Total Loans	53,131	56,900
90 Days Past Due and Still Accruing	214	188
Student Loans Purchased [Member] | 30-59 Days Past Due [Member]
Past Due and Non-Accrual Loans
Total Past Due	528	1,316
Student Loans Purchased [Member] | 60-89 Days Past Due [Member]
Past Due and Non-Accrual Loans
Total Past Due	347	139
Student Loans Purchased [Member] | 90 Days or More Past Due [Member]
Past Due and Non-Accrual Loans
Total Past Due	214	188
Home equity lines of credit, junior lien [Member]
Past Due and Non-Accrual Loans
Total Past Due		36
Current	14,381	13,986
Total Loans	14,381	14,022
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		36
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
Commercial Loans [Member]
Past Due and Non-Accrual Loans
Total Loans	78,706	66,217
Real Estate Construction and Land [Member]
Past Due and Non-Accrual Loans
Total Loans	22,331	15,682
Real Estate Mortgages [Member]
Past Due and Non-Accrual Loans
Total Loans	309,016	311,635
Consumer Loans [Member]
Past Due and Non-Accrual Loans
Total Loans	$ 82,749	$ 88,601

Intangible Assets (Narrative) (

Intangible Assets (Narrative) (Details) - USD ($) $ in Thousands	Feb. 01, 2016	Jun. 30, 2017	Jun. 30, 2016	Dec. 31, 2016
Business Acquisition [Line Items]
Amortization expense		$ 62	$ 42
Net carrying value of intangible assets which will be recognized as amortization expense in future reporting periods through 2026		629		$ 680
Contingent liability		156
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		$ 62	$ 42

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	6 Months Ended
	Jun. 30, 2017	Dec. 31, 2016
Fair Value
Goodwill	$ 372	$ 372
Customer Relationships Intangible [Member]
% of Total Intangible Assets
Estimated Economic Useful Life	10 years
Non-Compete Agreement [Member]
% of Total Intangible Assets
Estimated Economic Useful Life	3 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] | Customer Relationships Intangible [Member]
Fair Value
Total Identified Intangible Assets	$ 670
% of Total Intangible Assets
Total Identified Intangible Assets	58.50%
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%

Intangible Assets (Schedule o45

Intangible Assets (Schedule of Gross and Net Balance of Intangible Assets) (Details) - USD ($) $ in Thousands	Jun. 30, 2017	Dec. 31, 2016
Acquired Finite-Lived Intangible Assets [Line Items]
Gross Carrying Value	$ 773
Accumulated Amortization	144
Net Carrying Value	629	$ 680
Non-Compete Agreement [Member]
Acquired Finite-Lived Intangible Assets [Line Items]
Gross Carrying Value	103
Accumulated Amortization	49
Net Carrying Value	54
Customer Relationships Intangible [Member]
Acquired Finite-Lived Intangible Assets [Line Items]
Gross Carrying Value	670
Accumulated Amortization	95
Net Carrying Value	$ 575

Net Income Per Share and Stoc46

Net Income Per Share and Stock Repurchase Program (Narrative) (Details) - $ / shares	1 Months Ended	6 Months Ended
	Sep. 29, 2014	Jun. 30, 2017	Jun. 30, 2016	Sep. 22, 2014
Earnings Per Share and Stock Repurchase Program [Abstract]
Authorized stock repurchase				400,000
Expiration date	Sep. 18, 2016
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		2,000	59,110

Net Income Per Share and Stoc47

Net Income Per Share and Stock Repurchase Program (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2017	Jun. 30, 2016	Jun. 30, 2017	Jun. 30, 2016
Basic net income per share
Net Income	$ 1,920	$ 1,510	$ 3,655	$ 2,865
Weighted Average Shares	2,386,721	2,359,101	2,381,290	2,371,026
Per Share Amount	$ 0.80	$ 0.64	$ 1.53	$ 1.21
Effect of dilutive stock options	22,689	15,139	21,800	14,635
Diluted net income per share
Net Income	$ 1,920	$ 1,510	$ 3,655	$ 2,865
Weighted Average Shares	2,409,410	2,374,240	2,403,090	2,385,661
Per Share Amount	$ 0.80	$ 0.63	$ 1.52	$ 1.20

Stock Incentive Plans (Plan dur

Stock Incentive Plans (Plan duration - Narrative) (Details) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2017	Jun. 30, 2016	May 21, 2014
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Unrecognized compensation expense related to the non-vested awards	$ 12
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	$ 6	$ 14
2014 Stock Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Common stock issued			250,000

Stock Incentive Plans (Summary

Stock Incentive Plans (Summary of Shares Issued and Available Under Each Plans) (Details)	6 Months Ended
	Jun. 30, 2017$ / sharesshares
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	17,792
Fully vested shares	17,792
2003 Stock Plan [Member] | Minimum [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Exercise price per share | $ / shares	$ 18.26
2003 Stock Plan [Member] | Maximum [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Exercise price per share | $ / shares	$ 18.26
2005 Stock Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Aggregate shares issuable	230,000
Options issued, net of forfeited and expired options	(72,107)
Cancelled due to Plan expiration	(157,893)
Remaining available for grant
Total vested and unvested shares	47,402
Fully vested shares	46,152
2005 Stock Plan [Member] | Minimum [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Exercise price per share | $ / shares	$ 11.74
2005 Stock Plan [Member] | Maximum [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Exercise price per share | $ / shares	$ 26.96
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	(2,000)
Cancelled due to Plan expiration
Remaining available for grant	248,000
Total vested and unvested shares	2,000
Fully vested shares
2014 Stock Plan [Member] | Minimum [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Exercise price per share | $ / shares	$ 30.20
2014 Stock Plan [Member] | Maximum [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Exercise price per share | $ / shares	$ 30.20

Stock Incentive Plans (Changes

Stock Incentive Plans (Changes in the Stock Options Outstanding) (Details) - Employee Stock Option [Member] $ / shares in Units, $ in Thousands	6 Months Ended
	Jun. 30, 2017USD ($)$ / sharesshares
Number of Options
Outstanding, at the beginning | shares	98,893
Issued | shares	2,000
Exercised | shares	(23,234)
Forfeited | shares	(4,600)
Expired | shares	(5,865)
Outstanding, at the end | shares	67,194
Options Exercisable | shares	63,944
Weighted Average Exercise Price
Outstanding, at the beginning | $ / shares	$ 22.83
Issued | $ / shares	30.20
Exercised | $ / shares	20.11
Forfeited | $ / shares	26.96
Expired | $ / shares	33.91
Outstanding, at the end | $ / shares	22.75
Exercisable | $ / shares	$ 22.60
Aggregate Intrinsic Value
Outstanding, at the beginning | $	$ 592
Outstanding at end | $	938
Exercisable | $	$ 901

Stock Incentive Plans (Summar51

Stock Incentive Plans (Summary Information Pertaining to Options Outstanding) (Details)	6 Months Ended
	Jun. 30, 2017$ / sharesshares
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items]
Expected volatility1	17.90%	[1]
Expected dividends2	1.72%	[2]
Expected term (in years)3	6 years 2 months 30 days	[3]
Risk-free rate4	2.00%	[4]
Options Outstanding | shares	67,194
Weighted-Average Remaining Contractual Life	1 year 6 months
Weighted Average Exercise Price	$ 22.75
Options Exercisable | shares	63,944
Weighted-Average Exercise Price	$ 22.60
$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	21,342
Weighted-Average Remaining Contractual Life	2 years 3 months 19 days
Weighted Average Exercise Price	$ 17.89
Options Exercisable | shares	20,092
Weighted-Average Exercise Price	$ 17.87
$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	43,852
Weighted-Average Remaining Contractual Life	8 months 12 days
Weighted Average Exercise Price	$ 24.77
Options Exercisable | shares	43,852
Weighted-Average Exercise Price	$ 24.77
$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	2,000
Weighted-Average Remaining Contractual Life	9 years 8 months 12 days
Weighted Average Exercise Price	$ 30.20
Options Exercisable | shares	0
Weighted-Average Exercise Price
[1]	Based on the monthly historical volatility of the Company's stock price over the expected life of the options.
[2]	Calculated as the ratio of historical dividends paid per share of common stock to the stock price on the date of grant.
[3]	Based on the average of the contractual life and vesting period for the respective option.
[4]	Based upon an interpolated US Treasury yield curve interest rate that corresponds to the contractual life of the option, in effect at the time of the grant.

Fair Value Measurements (Assets

Fair Value Measurements (Assets Measured at Fair Value on Recurring Basis) (Details) - USD ($) $ in Thousands	Jun. 30, 2017	Dec. 31, 2016
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets measured at fair value on a recurring basis	$ 85,355	$ 56,662
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	24,223	14,501
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	2,022	2,010
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	40,420	24,982
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	18,690	15,169
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	85,355	56,662
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	24,223	14,501
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	2,022	2,010
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	40,420	24,982
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	18,690	15,169
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 (Asse53

Fair Value Measurements (Assets Measured at Fair Value on Nonrecurring Basis) (Details) - USD ($) $ in Thousands	Jun. 30, 2017	Dec. 31, 2016
Fair Value Disclosures [Abstract]
Impaired loans	$ 2,398	$ 2,422

Fair Value Measurements (Carryi

Fair Value Measurements (Carrying Values and Estimated Fair Values of Financial Instruments) (Details) - USD ($) $ in Thousands	Jun. 30, 2017	Dec. 31, 2016
Carrying Value [Member]
Assets
Cash and cash equivalent	$ 9,596	$ 38,500
Available for sale securities	85,355	56,662
Loans, net	489,101	478,447
Bank owned life insurance	14,126	13,917
Accrued interest receivable	1,784	1,662
Liabilities
Demand deposits and interest-bearing transaction and money market accounts	405,480	409,625
Certificates of deposit	124,929	115,026
Federal funds purchased and securities sold under agreements to repurchase	19,942	19,700
Accrued interest payable	128	107
Fair Value [Member]
Assets
Cash and cash equivalent	9,596	38,500
Available for sale securities	85,355	56,662
Loans, net	485,340	476,438
Bank owned life insurance	14,126	13,917
Accrued interest receivable	1,784	1,662
Liabilities
Demand deposits and interest-bearing transaction and money market accounts	405,480	409,625
Certificates of deposit	124,892	114,979
Federal funds purchased and securities sold under agreements to repurchase	19,942	19,700
Accrued interest payable	128	107
Quoted Prices in Active Markets for Identical Assets (Level 1) [Member]
Assets
Cash and cash equivalent	9,596	38,500
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
Federal funds purchased and 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	85,355	56,662
Loans, net
Bank owned life insurance	14,126	13,917
Accrued interest receivable	373	272
Liabilities
Demand deposits and interest-bearing transaction and money market accounts	405,480	409,625
Certificates of deposit	124,892	114,979
Federal funds purchased and securities sold under agreements to repurchase	19,942	19,700
Accrued interest payable	128	107
Significant Unobservable Inputs (Level 3) [Member]
Assets
Cash and cash equivalent
Available for sale securities
Loans, net	485,340	476,438
Bank owned life insurance
Accrued interest receivable	1,411	1,390
Liabilities
Demand deposits and interest-bearing transaction and money market accounts
Certificates of deposit
Federal funds purchased and securities sold under agreements to repurchase
Accrued interest payable

Other Comprehensive Income (Sch

Other Comprehensive Income (Schedule of Amounts Reclassified Out of Accumulated Other Comprehensive Income) (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2017	Jun. 30, 2016	Jun. 30, 2017	Jun. 30, 2016
Other Comprehensive Income (Loss), Available-for-sale Securities Adjustment, Net of Tax [Abstract]
Realized gains on sales of securities			$ 4	$ 8
Tax effect	0	0	(1)	(3)
Realized gains, net of tax			$ 3	$ 5

Segment Reporting (Schedule of

Segment Reporting (Schedule of Segment Reporting Information) (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended		12 Months Ended
	Jun. 30, 2017	Jun. 30, 2016	Jun. 30, 2017	Jun. 30, 2016	Dec. 31, 2016
Segment Reporting Information [Line Items]
Net interest income	$ 5,327	$ 4,430	$ 10,381	$ 8,944
Provision for (recovery of) loan losses	115	(275)	45	(395)	$ 111
Noninterest income	1,327	1,250	2,576	2,374
Noninterest expense	3,713	3,759	7,538	7,556
Income (loss) before income taxes	2,826	2,196	5,374	4,157
Provision for (benefit of) income taxes	906	686	1,719	1,292
Net income (loss)	1,920	1,510	3,655	2,865
Total assets	614,525	545,678	614,525	545,678	$ 605,030
Bank [Member]
Segment Reporting Information [Line Items]
Net interest income	5,304	4,419	10,341	8,921
Provision for (recovery of) loan losses	115	(275)	45	(395)
Noninterest income	705	744	1,367	1,422
Noninterest expense	3,177	3,170	6,478	6,353
Income (loss) before income taxes	2,717	2,268	5,185	4,385
Provision for (benefit of) income taxes	869	710	1,654	1,369
Net income (loss)	1,848	1,558	3,531	3,016
Total assets	604,946	536,061	604,946	536,061
VNB Wealth [Member]
Segment Reporting Information [Line Items]
Net interest income	23	11	40	23
Provision for (recovery of) loan losses
Noninterest income	622	506	1,209	952
Noninterest expense	536	589	1,060	1,203
Income (loss) before income taxes	109	(72)	189	(228)
Provision for (benefit of) income taxes	37	(24)	65	(77)
Net income (loss)	72	(48)	124	(151)
Total assets	$ 9,579	$ 9,617	$ 9,579	$ 9,617

Segment Reporting (Narrative) (

Segment Reporting (Narrative) (Details) $ in Thousands	6 Months Ended
	Jun. 30, 2017USD ($)item	Jun. 30, 2016USD ($)
Segment Reporting [Abstract]
Number of reportable segments | item	2
VNB Wealth [Member]
Segment Reporting [Abstract]
Management fees | $	$ 50	$ 50