Virginia National Bankshares (VABK) 10-Q 15 May 18 2018 Q1 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	3 Months Ended
	Mar. 31, 2018	May 10, 2018
Document and Entity Information [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Mar. 31, 2018
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	2,018
Document Fiscal Period Focus	Q1
Entity Filer Category	Smaller Reporting Company
Entity Common Stock, Shares Outstanding		2,538,278

CONSOLIDATED BALANCE SHEETS

CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Mar. 31, 2018	Dec. 31, 2017	[1]
ASSETS
Cash and due from banks	$ 6,902	$ 11,390
Federal funds sold		6,887
Securities:
Available for sale, at fair value	64,930	67,501
Restricted securities, at cost	2,319	2,284
Total securities	67,249	69,785
Loans	524,729	528,784
Allowance for loan losses	(3,955)	(4,043)
Loans, net	520,774	524,741
Premises and equipment, net	7,056	7,371
Bank owned life insurance	16,453	16,344
Goodwill	372	372
Other intangible assets, net	553	579
Accrued interest receivable and other assets	6,114	6,417
Total assets	625,473	643,886
Demand deposits:
Noninterest-bearing	162,720	193,081
Interest-bearing	94,369	102,583
Money market and savings deposit accounts	163,187	138,065
Certificates of deposit and other time deposits	104,566	109,233
Total deposits	524,842	542,962
Repurchase agreements and other borrowings	31,482	34,092
Accrued interest payable and other liabilities	2,328	1,727
Total liabilities	558,652	578,781
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; 2,417,084 and 2,410,680 issued and outstanding at March 31, 2018 and December 31, 2017, respectively	6,043	6,027
Capital stock dividend distributable	301
Capital surplus	26,840	22,038
Retained earnings	35,263	37,923
Accumulated other comprehensive loss	(1,626)	(883)
Total shareholders' equity	66,821	65,105
Total liabilities and shareholders' equity	$ 625,473	$ 643,886
[1]	Derived from audited Consolidated Financial Statements

CONSOLIDATED BALANCE SHEETS (Pa

CONSOLIDATED BALANCE SHEETS (Parenthetical) - $ / shares	Mar. 31, 2018	Dec. 31, 2017
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	2,417,084	2,410,680
Common stock, shares outstanding	2,417,084	2,410,680

CONSOLIDATED STATEMENTS OF INCO

CONSOLIDATED STATEMENTS OF INCOME (Unaudited) - USD ($) $ in Thousands		3 Months Ended
		Mar. 31, 2018	Mar. 31, 2017
Interest and dividend income:
Loans, including fees		$ 5,714	$ 4,965
Federal funds sold		35	73
Investment securities:
Taxable		278	206
Tax exempt		85	60
Dividends		28	23
Other			3
Total interest and dividend income		6,140	5,330
Interest expense:
Demand and savings deposits		232	110
Certificates and other time deposits		140	156
Federal funds purchased and securities sold under agreements to repurchase		72	10
Total interest expense		444	276
Net interest income		5,696	5,054
Recovery of provision for loan losses		(96)	(70)
Net interest income after recovery of provision for loan losses		5,792	5,124
Noninterest income:
Trust income		414	392
Advisory and brokerage income		140	127
Royalty income		518	68
Customer service fees		247	230
Debit/credit card and ATM fees		187	212
Earnings/increase in value of bank owned life insurance		109	105
Fees on mortgage sales		36	17
Gains on sales of securities			4
Losses on sales of other assets		(33)
Other		96	94
Total noninterest income		1,714	1,249
Noninterest expense:
Salaries and employee benefits		1,991	1,901
Net occupancy		480	471
Equipment		128	146
Other		1,418	1,307
Total noninterest expense		4,017	3,825
Income before income taxes		3,489	2,548
Provision for income taxes		693	813
Net income		$ 2,796	$ 1,735
Net income per common share, basic	[1]	$ 1.10	$ 0.70
Net income per common share, diluted	[1]	$ 1.09	$ 0.69
[1]	Per share data has been retroactively adjusted to reflect a 5% stock dividend effective April 13, 2018.

CONSOLIDATED STATEMENTS OF COMP

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (Unaudited) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2018	Mar. 31, 2017
Statement of Comprehensive Income [Abstract]
Net income	$ 2,796	$ 1,735
Other comprehensive (loss) income
Unrealized (losses) gains on securities, net of tax of ($197) and $139 for the three months ended March 31, 2018 and 2017	(743)	273
Reclassification adjustment for realized gains on sales of securities, net of tax of $0 and ($1) for the three months ended March 31, 2018 and 2017		(3)
Total other comprehensive (loss) income	(743)	270
Total comprehensive income	$ 2,053	$ 2,005

CONSOLIDATED STATEMENTS OF COM6

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (Parenthetical) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2018	Mar. 31, 2017
Statement of Comprehensive Income [Abstract]
Change in unrealized losses on available-for-sale securities, tax	$ (197)	$ 139
Reclassification adjustment, tax	$ 0	$ (1)

CONSOLIDATED STATEMENTS OF CHAN

CONSOLIDATED STATEMENTS OF CHANGES IN SHAREHOLDERS' EQUITY (Unaudited) - USD ($) $ in Thousands	Common Stock [Member]	[1]	Capital Surplus [Member]	[1]	Retained Earnings [Member]	Accumulated Other Comprehensive Income (Loss) [Member]	Total
Balance at Dec. 31, 2016	$ 5,922		$ 21,152		$ 32,759	$ (779)	$ 59,054
Stock option exercised	33		240				273
Stock option expense			3				3
Cash dividends declared					(309)		(309)
Net income					1,735		1,735
Other comprehensive income						270	270
Ending at Mar. 31, 2017	5,955		21,395		34,185	(509)	61,026
Balance at Dec. 31, 2017	6,027		22,038		37,923	(883)	65,105	[2]
Stock option exercised	16		128				144
Stock option expense			1				1
Stock dividend distributable	301		4,673		(4,974)
Cash dividends declared					(482)		(482)
Net income					2,796		2,796
Other comprehensive income						(743)	(743)
Ending at Mar. 31, 2018	$ 6,344		$ 26,840		$ 35,263	$ (1,626)	$ 66,821
[1]	Common stock and capital surplus as of March 31, 2018 includes the 5% stock dividend distributable effective April 13, 2018.
[2]	Derived from audited Consolidated Financial Statements

CONSOLIDATED STATEMENTS OF CHA8

CONSOLIDATED STATEMENTS OF CHANGES IN SHAREHOLDERS' EQUITY (Parenthetical) - $ / shares	3 Months Ended
	Mar. 31, 2018	Mar. 31, 2017
Statement of Stockholders' Equity [Abstract]
Cash dividend declared, per share	$ 0.19	$ 0.13

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2018	Mar. 31, 2017
CASH FLOWS FROM OPERATING ACTIVITIES:
Net income	$ 2,796	$ 1,735
Adjustments to reconcile net income to net cash provided by operating activities:
Recovery of provision for loan losses	(96)	(70)
Net amortization and accretion of securities	73	99
Net gains on sales and calls of securities		(4)
Net losses on sales of assets	33
Earnings on bank owned life insurance	(109)	(105)
Amortization of Intangible Assets	33	36
Depreciation and other amortization	280	299
Stock option/stock grant expense	1	3
Decrease (increase) in accrued interest receivable and other assets	525	(379)
Increase in accrued interest payable and other liabilities	670	835
Net cash provided by operating activities	4,206	2,449
CASH FLOWS FROM INVESTING ACTIVITIES:
Purchases of available for sale securities		(13,166)
Net increase in restricted investments	(35)	(34)
Proceeds from maturities, calls and principal payments of available for sale securities	1,557	1,717
Proceeds from sales of available for sale securities		653
Net decrease (increase) in organic loans	2,380	(2,233)
Net decrease (increase) in purchased loans	1,683	(3,111)
Cash payment for wealth management book of business	(100)	(300)
Purchase of bank premises and equipment	(23)	(34)
Net cash provided by (used in) investing activities	5,462	(16,508)
CASH FLOWS FROM FINANCING ACTIVITIES:
Net (decrease) increase in demand deposits, NOW accounts, and money market accounts	(13,453)	26,873
Net (decrease) increase in certificates of deposit and other time deposits	(4,667)	11,127
Net decrease in repurchase agreements	(5,388)	(6,742)
Net increase in other short term borrowings	2,778
Proceeds from stock options exercised	144	273
Cash dividends paid	(458)	(308)
Net cash (used in) provided by financing activities	(21,044)	31,223
NET DECREASE (INCREASE) IN CASH AND CASH EQUIVALENTS	(11,376)	17,164
CASH AND CASH EQUIVALENTS:
Beginning of period	18,277	38,500
End of period	6,901	55,664
SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION
Cash payments for: Interest	427	266
Cash payments for: Taxes	850	750
SUPPLEMENTAL SCHEDULE OF NONCASH INVESTING AND FINANCING ACTIVITIES
Unrealized (loss) gain on available for sale securities	$ (940)	$ 408

Significant Accounting Policies

Significant Accounting Policies	3 Months Ended
	Mar. 31, 2018
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 (including impaired loans), other-than-temporary impairment of securities, intangible assets, and fair value measurements. Operating results for the three-month period ended March 31, 2018 are not necessarily indicative of the results that may be expected for the year ending December 31, 2018. 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, 2017. If needed, certain previously reported amounts have been reclassified to conform to current period presentation. No such reclassifications were significant. Adoption of New Accounting Standards On January 1, 2018, the Company adopted ASU 2016-01, “Financial Instruments – Overall (Subtopic 825-10): Recognition and Measurement of Financial Assets and Financial Liabilities.” ASU 2016-01 makes targeted improvements to several areas of U.S. GAAP, including the disclosure of the fair value of financial instruments that are not measured at fair value on a recurring basis. Specifically, the new guidance (i) eliminates the requirements to disclose the methods and significant assumptions used to estimate the fair value and the description of the changes therein, if any, during the period, (ii) requires the use of the exit price notion, prospectively, in calculating the fair values of financial instruments not measured at fair value on a recurring basis, and (iii) eliminates the guidance that allowed the use of the entry price notion to calculate the fair value of certain financial instruments, such as loans and long-term debt. For example, the Company has historically estimated the fair value for loans reported at amortized cost on its balance sheet by examining the average rates per the terms of these loans, and comparing those average rates to the current rates offered by the Company (i.e., the entry price notion). Utilizing the exit price notion requires the Company to estimate fair value of these loans based on the price that would be received to sell these loans in an orderly transaction between market participants at the measurement date. See Note 7 - Fair Value Measurements, for further information regarding the valuation of these loans. The adoption of ASU 2016-01 did not have a material impact on the Company's consolidated financial statements and resulted in enhancements to the financial instrument disclosures. During the first quarter of 2018, the Company adopted ASU 2014-09, "Revenue from Contracts with Customers", and all subsequent amendments to the ASU (collectively "ASC 606"), which (i) creates a single framework for recognizing revenue from contracts with customers that fall within its scope and (ii) revises when it is appropriate to recognize a gain (loss) from the transfer of nonfinancial assets, such as OREO. The majority of the Company's revenue is from interest income, including loans and securities, which are outside the scope of the standard. The services that fall within the scope of the standard are presented within noninterest income on the consolidated statement of income and are recognized as revenue as the Company satisfies its obligations to the customer. The revenue that falls within the scope of ASC 606 is primarily related to service charges on deposit accounts, debit/credit card and ATM fees, asset management fees and sales of other real estate owned, when applicable. ASC 606 did not result in a change to the accounting for any in-scope revenue streams; as such, no cumulative effect adjustment was recorded. Recent Accounting Pronouncements 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 in the early stages of assessing the impact that ASU 2016-02 will have on its consolidated financial statements, including evaluating leases and contracts which are covered and calculating the impact on its assets and liabilities. The Company does not expect the amendment to have a material impact on its net income but does anticipate an increase in assets and liabilities due to the recognition of the required right-of-use asset and corresponding liability for all lease obligations that are currently classified as operating leases, primarily real estate leases for office space, as well as additional disclosure on all our lease obligations. In 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. Early in 2017, the Company formed a cross-functional steering committee, including some members of senior management, to provide governance and guidance over the project plan. The steering committee has begun to address the compliance requirements, data requirements and sources, and analysis efforts which will be required to adopt these new requirements. In addition to attending seminars and webinars on this topic with regulators and other experts, the committee is working closely with the Company’s vendor to gather additional loan data which is anticipated to be needed for this calculation. The extent of the change is indeterminable at this time as it will be dependent upon portfolio composition and credit quality at the adoption date, as well as economic conditions and forecasts at that time. Upon adoption, the impact to the allowance for credit losses (currently allowance for loan losses) will have an offsetting one-time cumulative-effect adjustment to retained earnings. In 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. In 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. In August 2017, the FASB issued ASU 2017-12, “Derivatives and Hedging (Topic 815): Targeted Improvements to Accounting for Hedging Activities.” The amendments in this ASU modify the designation and measurement guidance for hedge accounting as well as provide for increased transparency regarding the presentation of economic results on both the financial statements and related footnotes. Certain aspects of hedge effectiveness assessments will also be simplified upon implementation of this update. The amendments are effective for annual periods, including interim periods within those annual periods, beginning after December 15, 2018. Early adoption is permitted, including adoption in any interim period. The Company does not expect the adoption of ASU 2017-12 to have a material impact on its consolidated financial statements. In February 2018, the FASB issued ASU 2018-03, “Technical Corrections and Improvements to Financial Instruments-Overall (Subtopic 825-10): Recognition and Measurement of Financial Assets and Financial Liabilities.” The amendments provide targeted improvements to address certain aspects of recognition, measurement, presentation, and disclosure of financial instruments. Specifically, the amendments include clarifications related to: measurement elections, transition requirements, and adjustments associated with equity securities without readily determinable fair values; fair value measurement requirements for forward contracts and purchased options on equity securities; presentation requirements for hybrid financial liabilities for which the fair value option has been elected; and measurement requirements for liabilities denominated in a foreign currency for which the fair value option has been elected. The amendments are effective for fiscal years beginning after December 15, 2017, and interim periods within those fiscal years beginning after June 15, 2018. Early adoption is permitted. The Company does not expect the adoption of ASU 2018-03 to have a material impact on its consolidated financial statements.

Securities

Securities	3 Months Ended
	Mar. 31, 2018
Investments, Debt and Equity Securities [Abstract]
Securities	Note 2. Securities The amortized cost and fair values of securities available for sale as of March 31, 2018 and December 31, 2017 were as follows (dollars in thousands): March 31, 2018 Amortized Gross Unrealized Gross Unrealized Fair Cost Gains (Losses) Value U.S. Government agencies $ 19,500 $ - $ (716 ) $ 18,784 Mortgage-backed securities/CMOs 29,356 - (948 ) 28,408 Municipal bonds 18,132 14 (408 ) 17,738 Total Securities Available for Sale $ 66,988 $ 14 $ (2,072 ) $ 64,930 December 31, 2017 Amortized Gross Unrealized Gross Unrealized Fair Cost Gains (Losses) Value U.S. Government agencies $ 19,500 $ - $ (538 ) $ 18,962 Mortgage-backed securities/CMOs 30,450 - (505 ) 29,945 Municipal bonds 18,668 68 (143 ) 18,593 Total Debt Securities 68,618 68 (1,186 ) 67,500 Marketable equity securities 1 - - 1 Total Securities Available for Sale $ 68,619 $ 68 $ (1,186 ) $ 67,501 As of March 31, 2018, there were $61.8 million, or 57 issues of individual securities, in a loss position. These securities have an unrealized loss of $2.1 million and consisted of 25 mortgage-backed/CMOs, 25 municipal bonds, and 7 agency bonds. The following table summarizes all securities with unrealized losses, segregated by length of time in a continuous unrealized loss position, at March 31, 2018 and December 31, 2017 (dollars in thousands): March 31, 2018 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 $ 7,346 $ (154 ) $ 11,438 $ (562 ) $ 18,784 $ (716 ) Mortgage-backed/CMOs 20,385 (600 ) 8,023 (348 ) 28,408 (948 ) Municipal bonds 14,122 (388 ) 496 (20 ) 14,618 (408 ) $ 41,853 $ (1,142 ) $ 19,957 $ (930 ) $ 61,810 $ (2,072 ) December 31, 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 $ 7,390 $ (110 ) $ 11,572 $ (428 ) $ 18,962 $ (538 ) Mortgage-backed/CMOs 21,422 (260 ) 8,523 (245 ) 29,945 (505 ) Municipal bonds 10,389 (132 ) 504 (11 ) 10,893 (143 ) $ 39,201 $ (502 ) $ 20,599 $ (684 ) $ 59,800 $ (1,186 ) The Company’s securities portfolio is primarily made up of fixed rate bonds, the prices of which 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 March 31, 2018, 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 March 31, 2018, 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 $29.3 million at March 31, 2018 were pledged as collateral to secure public deposits and repurchase agreements. At December 31, 2017, securities having carrying values of $29.0 million were similarly pledged. For the three months ended March 31, 2018, there were no sales of securities. For the three months ended March 31, 2017, proceeds from the sales of securities amounted to $653 thousand, and gross realized gains on these securities were $4 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 $2.3 million as of both March 31, 2018 and December 31, 2017, are carried at cost.

Loans

Loans	3 Months Ended
	Mar. 31, 2018
Loans and Leases Receivable Disclosure [Abstract]
Loans	Note 3. Loans The composition of the loan portfolio by loan classification at March 31, 2018 and December 31, 2017 appears below (dollars in thousands). March 31, December 31, 2018 2017 Commercial Commercial and industrial - organic $ 44,307 $ 45,254 Commercial and industrial - government guaranteed 24,117 22,946 Commercial and industrial - syndicated 12,868 13,165 Total commercial and industrial 81,292 81,365 Real estate construction and land Residential construction 4,087 3,812 Commercial construction 12,348 13,365 Land and land development 10,131 9,681 Total construction and land 26,566 26,858 Real estate mortgages 1-4 family residential, first lien, investment 40,268 40,313 1-4 family residential, first lien, owner occupied 17,742 16,448 1-4 family residential, junior lien 2,962 2,965 Home equity lines of credit, first lien 8,250 9,238 Home equity lines of credit, junior lien 13,181 13,226 Farm 10,336 10,445 Multifamily 32,126 33,356 Commercial owner occupied 82,191 80,261 Commercial non-owner occupied 118,834 116,599 Total real estate mortgage 325,890 322,851 Consumer Consumer revolving credit 20,548 24,030 Consumer all other credit 8,345 9,036 Student loans purchased 62,088 64,644 Total consumer 90,981 97,710 Total loans 524,729 528,784 Less: Allowance for loan losses (3,955 ) (4,043 ) Net loans $ 520,774 $ 524,741 The balances in the table above include unamortized premiums and net deferred loan costs and fees. As of March 31, 2018, and December 31, 2017, unamortized premiums on loans purchased were $2.1 million and $2.0 million, respectively. Net deferred loan costs (fees) totaled $178 thousand and $199 thousand as of March 31, 2018 and December 31, 2017, 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 March 31, 2018 and December 31, 2017. 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 three months ended March 31, 2018 or the twelve months ended December 31, 2017. Interest income recognized is for the three months ended March 31, 2018 or the twelve months ended December 31, 2017. (Dollars below reported in thousands.) March 31, 2018 Unpaid Average Interest Recorded Principal Associated Recorded Income Investment Balance Allowance Investment Recognized Impaired loans without a valuation allowance: Land and land development $ 39 $ 94 $ - $ 40 $ - 1-4 family residential mortgages, first lien, owner occupied 95 134 - 96 - 1-4 family residential mortgages, junior lien 376 378 377 4 Commercial non-owner occupied real estate 961 961 - 965 13 Student loans purchased 1,158 1,158 - 1,108 20 Impaired loans with a valuation allowance - - - - - Total impaired loans $ 2,629 $ 2,725 $ - $ 2,586 $ 37 December 31, 2017 Unpaid Average Interest Recorded Principal Associated Recorded Income Investment Balance Allowance Investment Recognized Impaired loans without a valuation allowance: Land and land development $ 41 $ 94 $ - $ 46 $ - 1-4 family residential mortgages, first lien, owner occupied 99 137 - 107 - 1-4 family residential mortgages, junior lien 379 382 367 17 Commercial non-owner occupied real estate 972 972 - 992 48 Student loans purchased 1,083 1,083 - 959 64 Impaired loans with a valuation allowance - - - - - Total impaired loans $ 2,574 $ 2,668 $ - $ 2,471 $ 129 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): March 31, 2018 December 31, 2017 Land and land development $ 39 $ 41 1-4 family residential mortgages, first lien, owner occupied 95 99 1-4 family residential mortgages, junior lien 37 37 Total nonaccrual loans $ 171 $ 177 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, the Company has classified 67 of its student loans purchased as TDRs for a total of $1.2 million as of March 31, 2018. 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 restructurings (TDRs) March 31, 2018 December 31, 2017 No. of Recorded No. of Recorded Loans Investment Loans Investment Performing TDRs 1-4 family residential mortgages, junior lien 2 $ 338 2 $ 342 Commercial non-owner occupied real estate 1 961 1 972 Student loans purchased 67 1,158 64 1,083 Total performing TDRs $ 2,457 67 $ 2,397 Nonperforming TDRs Land and land development 1 $ 23 1 $ 24 Total TDRs 71 $ 2,480 68 $ 2,421 A summary of loans shown above that were modified under the terms of a TDR during the three months ended March 31, 2018 and 2017 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 March 31, 2018 March 31, 2017 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 3 $ 79 $ 79 4 $ 38 $ 38 Total loans modified during the period 3 $ 79 $ 79 4 $ 38 $ 38 There were no loans modified as TDRs that subsequently defaulted during the three months ended March 31, 2018 or the twelve months ended December 31, 2017 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 March 31, 2018 or December 31, 2017.

Allowance for Loan Losses

Allowance for Loan Losses	3 Months Ended
	Mar. 31, 2018
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. Loan Classes by Segments Commercial loan segment: Commercial and industrial - organic Real estate construction and land loan segment: Real estate mortgage loan segment: Consumer loan segment: Management utilizes a loss migration model 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. 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”). Furthermore, a nominal loss reserve is applied to loans rated “Good” in an abundance of caution. 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. 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 a portion of the 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 A 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 A 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 A 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 March 31, 2018 and December 31, 2017 (dollars in thousands). There were no loans rated “Doubtful” as of either period. March 31, 2018 Excellent Good Pass Watch Special Sub- TOTAL Commercial Commercial and industrial - organic $ 2,908 $ 24,434 $ 15,819 $ 378 $ 228 $ 540 $ 44,307 Commercial and industrial - government guaranteed 24,117 - - - - - 24,117 Commercial and industrial - syndicated - - 10,300 - - 2,568 12,868 Real estate construction Residential construction - - 4,087 - - - 4,087 Commercial construction - - 12,348 - - - 12,348 Land and land development - - 9,306 296 - 529 10,131 Real estate mortgages 1-4 family residential, first lien, investment - - 37,978 1,861 - 429 40,268 1-4 family residential, first lien, owner occupied - - 17,317 221 - 204 17,742 1-4 family residential, junior lien - - 2,492 261 39 170 2,962 Home equity lines of credit, first lien - - 8,111 139 - - 8,250 Home equity lines of credit, junior lien - - 13,070 - - 111 13,181 Farm - - 8,967 - - 1,369 10,336 Multifamily - - 32,126 - - - 32,126 Commercial owner occupied - - 76,780 5,411 - - 82,191 Commercial non-owner occupied - - 116,705 1,109 - 1,020 118,834 Consumer Consumer revolving credit 5 20,004 539 - - - 20,548 Consumer all other credit 226 7,480 606 1 - 32 8,345 Student loans purchased - - 60,930 1,158 - - 62,088 Total Loans $ 27,256 $ 51,918 $ 427,481 $ 10,835 $ 267 $ 6,972 $ 524,729 December 31, 2017 Excellent Good Pass Watch Special Sub- TOTAL Commercial Commercial and industrial - organic $ 3,000 $ 23,937 $ 17,324 $ 13 $ 269 $ 711 $ 45,254 Commercial and industrial - government guaranteed 22,946 - - - - - 22,946 Commercial and industrial - syndicated - - 10,590 - - 2,575 13,165 Real estate construction Residential construction - - 3,812 - - - 3,812 Commercial construction - - 13,365 - - - 13,365 Land and land development - - 9,137 3 - 541 9,681 Real estate mortgages 1-4 family residential, first lien, investment - - 38,003 1,875 - 435 40,313 1-4 family residential, first lien, owner occupied - - 15,465 260 - 723 16,448 1-4 family residential, junior lien - - 2,488 265 41 171 2,965 Home equity lines of credit, first lien - - 9,098 140 - - 9,238 Home equity lines of credit, junior lien - - 13,115 - - 111 13,226 Farm - - 9,065 - - 1,380 10,445 Multifamily - - 33,356 - - - 33,356 Commercial owner occupied - 669 79,137 455 - - 80,261 Commercial non-owner occupied - - 114,610 972 - 1,017 116,599 Consumer Consumer revolving credit 6 22,977 1,045 1 1 - 24,030 Consumer all other credit 294 8,006 701 2 - 33 9,036 Student loans purchased - - 63,561 1,083 - - 64,644 Total Loans $ 26,246 $ 55,589 $ 433,872 $ 5,069 $ 311 $ 7,697 $ 528,784 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, and 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” or “Good.” 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 $2.6 million at March 31, 2018, 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 three months ended March 31, 2018 and the year ended December 31, 2017 appears below (dollars in thousands): Allowance for Loan Losses Rollforward by Portfolio Segment Commercial Loans Real Estate Real Estate Consumer Total Allowance for Loan Losses: Balance as of January 1, 2018 $ 885 $ 206 $ 2,730 $ 222 $ 4,043 Charge-offs - - - (1 ) (1 ) Recoveries 5 - - 4 9 Provision for (recovery of) loan losses (28 ) 4 (60 ) (12 ) (96 ) Ending Balance $ 862 $ 210 $ 2,670 $ 213 $ 3,955 Ending Balance: Individually evaluated for impairment $ - $ - $ - $ - $ - Collectively evaluated for impairment 862 210 2,670 213 3,955 Loans: Individually evaluated for impairment $ - $ 39 $ 1,432 $ 1,158 $ 2,629 Collectively evaluated for impairment 81,292 26,527 324,458 89,823 522,100 Ending Balance $ 81,292 $ 26,566 $ 325,890 $ 90,981 $ 524,729 As of and for the year ended December 31, 2017 Commercial Real Estate Real Estate Consumer Total Allowance for Loan Losses: Balance as of January 1, 2017 $ 824 $ 127 $ 2,506 $ 231 $ 3,688 Charge-offs (111 ) - - - (111 ) Recoveries 31 - 2 15 48 Provision for (recovery of) loan losses 141 79 222 (24 ) 418 Ending Balance $ 885 $ 206 $ 2,730 $ 222 $ 4,043 Ending Balance: Individually evaluated for impairment $ - $ - $ - $ - $ - Collectively evaluated for impairment 885 206 2,730 222 4,043 Loans: Individually evaluated for impairment $ - $ 41 $ 1,450 $ 1,083 $ 2,574 Collectively evaluated for impairment 81,365 26,817 321,401 96,627 526,210 Ending Balance $ 81,365 $ 26,858 $ 322,851 $ 97,710 $ 528,784 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 March 31, 2018 and December 31, 2017. 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 30-59 60-89 90 Days or Total Past Current Total 90 Days Commercial loans Commercial and industrial - organic $ 155 $ - $ - $ 155 $ 44,152 $ 44,307 $ - Commercial and industrial - government guaranteed - - - - 24,117 24,117 - Commercial and industrial - syndicated - - - - 12,868 12,868 - Real estate construction and land Residential construction - - - - 4,087 4,087 - Commercial construction - - - - 12,348 12,348 - Land and land development - - - - 10,131 10,131 - Real estate mortgages 1-4 family residential, first lien, investment - - - - 40,268 40,268 - 1-4 family residential, first lien, owner occupied - 53 - 53 17,689 17,742 - 1-4 family residential, junior lien 37 - - 37 2,925 2,962 - Home equity lines of credit, first lien - - - - 8,250 8,250 - Home equity lines of credit, junior lien - - - - 13,181 13,181 - Farm - - - - 10,336 10,336 - Multifamily - - - - 32,126 32,126 - Commercial owner occupied - - - - 82,191 82,191 - Commercial non-owner occupied - - - - 118,834 118,834 - Consumer loans Consumer revolving credit - - - - 20,548 20,548 - Consumer all other credit 45 - - 45 8,300 8,345 - Student loans purchased 583 386 377 1,346 60,742 62,088 377 Total Loans $ 820 $ 439 $ 377 $ 1,636 $ 523,093 $ 524,729 $ 377 Past Due Aging as of 30-59 60-89 90 Days or Total Past Current Total 90 Days Commercial loans Commercial and industrial - organic $ - $ - $ - $ - $ 45,254 $ 45,254 $ - Commercial and industrial - government guaranteed - - - - 22,946 22,946 - Commercial and industrial - syndicated - - - - 13,165 13,165 - Real estate construction and land Residential construction - - - - 3,812 3,812 - Commercial construction - - - - 13,365 13,365 - Land and land development 20 - - 20 9,661 9,681 - Real estate mortgages 1-4 family residential, first lien, investment 118 - - 118 40,195 40,313 - 1-4 family residential, first lien, owner occupied 128 - 18 146 16,302 16,448 18 1-4 family residential, junior lien - - - - 2,965 2,965 - Home equity lines of credit, first lien 100 - - 100 9,138 9,238 - Home equity lines of credit, junior lien - - - - 13,226 13,226 - Farm - - - - 10,445 10,445 - Multifamily - - - - 33,356 33,356 - Commercial owner occupied 11 - - 11 80,250 80,261 - Commercial non-owner occupied 79 91 - 170 116,429 116,599 - Consumer loans Consumer revolving credit 1 - - 1 24,029 24,030 - Consumer all other credit 71 - - 71 8,965 9,036 - Student loans purchased 997 160 271 1,428 63,216 64,644 271 Total Loans $ 1,525 $ 251 $ 289 $ 2,065 $ 526,719 $ 528,784 $ 289

Net Income Per Share

Net Income Per Share	3 Months Ended
	Mar. 31, 2018
Earnings Per Share [Abstract]
Net Income Per Share	Note 5. Net Income Per Share On March 16, 2018, the Board of Directors approved a stock dividend of five percent (5%) on the outstanding shares of common stock of the Company (or .05 share for each share outstanding) to be issued on April 13, 2018 to all shareholders of record as of the close of business on April 3, 2018. Shareholders received cash in lieu of any fractional shares that they otherwise would have been entitled to receive in connection with the stock dividend. The price paid for fractional shares was based on the volume-weighted average price of a share of common stock for the most recent three (3) days prior to the record date during which a trade of the Company’s stock occurred. For the following table, share and per share data have been retroactively adjusted to reflect the 5% stock dividend effective April 13, 2018. The table 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 months ended March 31, 2018 and 2017. 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 March 31, 2018 March 31, 2017 Weighted Per Weighted Per Average Share Average Share Net Income Shares Amount Net Income Shares Amount Basic net income per share $ 2,796 2,534,799 $ 1.10 $ 1,735 2,494,588 $ 0.70 Effect of dilutive stock options - 20,181 - - 20,102 - Diluted net income per share $ 2,796 2,554,980 $ 1.09 $ 1,735 2,514,690 $ 0.69 For the three-month period ended March 31, 2018, there were no shares considered anti-dilutive and excluded from this calculation. For the three-month period ended March 31, 2017, option shares totaling 2,100, as adjusted, were considered anti-dilutive and were excluded from this calculation.

Stock Incentive Plans

Stock Incentive Plans	3 Months Ended
	Mar. 31, 2018
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Stock Incentive Plans	Note 6. 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 March 31, 2018. Share data and exercise price range per share have been adjusted to reflect the 5% stock dividend effective April 13, 2018. 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 134,787 241,500 262,500 Options issued, net of forfeited and expired options (113,457 ) (70,884 ) (2,100 ) Cancelled due to Plan expiration (21,330 ) (170,616 ) - Remaining available for grant - - 260,400 Grants issued and outstanding: Total vested and unvested shares 16,348 21,478 1,575 Fully vested shares 16,348 21,478 - Exercise price range $ 17.39 to $ 11.18 to $ 28.76 to $ 17.39 $ 22.15 $ 28.76 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 three months ended March 31, 2018 and 2017, the Company recognized $1 thousand and $3 thousand, respectively, in compensation expense for stock options. As of March 31, 2018, there was $8 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 below. Share and per share data have been retroactively adjusted to reflect the 5% stock dividend effective April 13, 2018. (Dollars in thousands except per share data): March 31, 2018 Weighted Average Aggregate Number of Options Exercise Price Intrinsic Value Outstanding at January 1, 2018 46,121 $ 19.96 Exercised (6,720 ) 21.50 $ 111 Outstanding at March 31, 2018 39,401 $ 19.69 $ 844 Options exercisable at March 31, 2018 37,826 $ 19.32 $ 824 The fair value of any grant is estimated at the grant date using the Black-Scholes pricing model. There were no stock option grants during the first three months of 2018. During the twelve months of 2017, a stock option grant of 2,100 shares, as adjusted, was issued. Summary information pertaining to options outstanding at March 31, 2018 is shown below. Share and per share data have been retroactively adjusted to reflect the 5% stock dividend effective April 13, 2018. 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 $11.18 to $20.00 18,766 1.3 Years $ 16.97 18,766 $ 16.97 $20.01 to $28.76 20,635 1.1 Years 22.17 19,060 21.63 Total 39,401 1.2 Years $ 19.69 37,826 $ 19.32 Restricted Stock There were no restricted stock grants outstanding throughout 2017 or as of March 31, 2018. No restricted stock grants were awarded during 2017 or the first three months of 2018.

Fair Value Measurements

Fair Value Measurements	3 Months Ended
	Mar. 31, 2018
Fair Value Disclosures [Abstract]
Fair Value Measurements	Note 7. Fair Value Measurements Determination of Fair Value The Company follows ASC 820, “Fair Value Measurements and Disclosures,” to record fair value adjustments to certain assets and liabilities and to determine fair value disclosures. This codification clarifies that the fair value of a financial instrument is the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. Fair value is best determined based upon quoted market prices. However, in many instances, there are no quoted market prices for the Company’s various financial instruments. In cases where quoted market prices are not available, fair values are based on estimates using present value or other valuation techniques. Those techniques are significantly affected by the assumptions used, including the discount rate and estimates of future cash flows. Accordingly, the fair value estimates may not be realized in an immediate settlement of the instrument. The fair value guidance provides a consistent definition of fair value, which focuses on exit price in an orderly transaction (that is, not a forced liquidation or distressed sale) between market participants at the measurement date under current market conditions. If there has been a significant decrease in the volume and level of activity for the asset or liability, a change in valuation technique or the use of multiple valuation techniques may be appropriate. In such instances, determining the price at which willing market participants would transact at the measurement date under current market conditions depends on the facts and circumstances and requires the use of significant judgment. The fair value is a reasonable point within the range that is most representative of fair value under current market conditions. Fair Value Hierarchy In accordance with this guidance, the Company groups its financial assets and financial liabilities generally measured at fair value in three levels, based on the markets in which the assets and liabilities are traded and the reliability of the assumptions used to determine fair value. Level 1 – Valuation is based on quoted prices in active markets for identical assets and liabilities. Level 2 – Valuation is based on observable inputs including quoted prices in active markets for similar assets and liabilities, quoted prices for identical or similar assets and liabilities in less active markets, and model-based valuation techniques for which significant assumptions can be derived primarily from or corroborated by observable data in the market. Level 3 – Valuation is based on model-based techniques that use one or more significant inputs or assumptions that are unobservable in the market The following describes the valuation techniques used by the Company to measure certain financial assets and liabilities recorded at fair value on a recurring basis in the consolidated financial statements: Securities available for sale Securities available for sale are recorded at fair value on a recurring basis. Fair value measurement is based upon quoted market prices, when available (Level 1). If quoted market prices are not available, fair values are measured utilizing independent valuation techniques of identical or similar securities for which significant assumptions are derived primarily from or corroborated by observable market data. Third party vendors compile prices from various sources and may determine the fair value of identical or similar securities by using pricing models that consider observable market data (Level 2). The following tables present the balances measured at fair value on a recurring basis as of March 31, 2018 and December 31, 2017 (dollars in thousands): Fair Value Measurements at March 31, 2018 Using: Quoted Prices in Significant Active Markets Other Significant for Identical Observable Unobservable Assets Inputs Inputs Description Balance (Level 1) (Level 2) (Level 3) Assets: U.S. Government agencies $ 18,784 $ - $ 18,784 $ - Mortgage-backed securities/CMOs 28,408 - 28,408 - Municipal bonds 17,738 - 17,738 - Total securities available for sale $ 64,930 $ - $ 64,930 $ - Fair Value Measurements at December 31, 2017 Using: Quoted Prices in Significant Active Markets Other Significant for Identical Observable Unobservable Assets Inputs Inputs Description Balance (Level 1) (Level 2) (Level 3) Assets: U.S. Government agencies $ 18,962 $ - $ 18,962 $ - Mortgage-backed securities/CMOs 29,945 - 29,945 - Municipal bonds 18,593 - 18,593 - Marketable equity securities 1 - 1 - Total securities available for sale $ 67,501 $ - $ 67,501 $ - 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 impaired loans of $2.6 million as of March 31, 2018 and December 31, 2017. 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 March 31, 2018 and December 31, 2017, 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. The carrying values and estimated fair values of the Company's financial instruments as of March 31, 2018 and December 31, 2017 are as follows (dollars in thousands): Fair Value Measurement at March 31, 2018 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 $ 6,902 $ 6,902 $ - $ - $ 6,902 Available for sale securities 64,930 - 64,930 - 64,930 Loans, net 520,774 - - 512,053 512,053 Bank owned life insurance 16,453 - 16,453 - 16,453 Accrued interest receivable 1,932 - 374 1,558 1,932 Liabilities Demand deposits and interest-bearing transaction, money market, and savings accounts $ 420,276 $ - $ 420,276 $ - $ 420,276 Certificates of deposit 104,566 - 104,474 - 104,474 Repurchase agreements and other borrowings 31,482 - 31,482 - 31,482 Accrued interest payable 127 - 127 - 127 Fair Value Measurement at December 31, 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 $ 18,277 $ 18,277 $ - $ - $ 18,277 Available for sale securities 67,501 - 67,501 - 67,501 Loans, net 524,741 - - 517,339 517,339 Bank owned life insurance 16,344 - 16,344 - 16,344 Accrued interest receivable 2,012 - 363 1,649 2,012 Liabilities Demand deposits and interest-bearing transaction and money market accounts $ 433,729 $ - $ 433,729 $ - $ 433,729 Certificates of deposit 109,233 - 108,936 - 108,936 Repurchase agreements and other borrowings 34,092 - 34,092 - 34,092 Accrued interest payable 110 - 110 - 110 In accordance with the prospective adoption of ASU No. 2016-01, the fair value of loans as of March 31, 2018 was measured using an exit price notion. The fair value of loans as of December 31, 2017 was measured using an entry price notion. The Company has historically estimated the fair value for loans reported at amortized cost on its balance sheet by examining the average rates per the terms of these loans, and comparing those average rates to the current rates offered by the Company (i.e., the entry price notion). Utilizing the exit price notion requires the Company to estimate fair value of these loans based on the price that would be received to sell these loans in an orderly transaction between market participants at the measurement date. The Company assumes interest rate risk (the risk that general interest rate levels will change) as a result of its normal operations. Consequently, the fair values of the Company’s financial instruments will fluctuate 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	3 Months Ended
	Mar. 31, 2018
Other Comprehensive Income (Loss), Tax [Abstract]
Other Comprehensive Income	Note 8. Other Comprehensive Income A component of the Company’s other comprehensive income, in addition to net income from operations, is the recognition of the unrealized gains and losses on available for sale securities, net of income taxes. Reclassifications of realized gains and losses on available for sale securities are reported in the income statement as “Gains (losses) on sales and calls 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 months ended March 31, 2018 and 2017 (dollars in thousands): Three Months Ended March 31, 2018 March 31, 2017 Available for sale securities Realized gains on sales of securities $ - $ 4 Tax effect - (1 ) Realized gains, net of tax $ - $ 3

Segment Reporting

Segment Reporting	3 Months Ended
	Mar. 31, 2018
Segment Reporting [Abstract]
Segment Reporting	Note 9. 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, 2017 (the “Company’s 2017 Form 10-K”). A management fee for administrative and technology support services provided by the Bank is charged to VNB Wealth. For both the three months ended March 31, 2018 and 2017, management fees of $25 thousand were charged to VNB Wealth and eliminated in consolidated totals. The Company is in the process of changing the structure of its VNB Wealth lines of business. The Company intends to form a registered investment adviser (the “RIA”) to offer investment advisory and management services to clients through separately managed accounts and through one or more private investment fund(s). The Company believes the formation of the RIA will allow the Company to offer its investment strategy to a wider range of clients. The Company also plans to merge VNBTrust into the Bank. Following that merger, the Bank will continue to offer trust and estate administration, investment management and other fiduciary services, as well as VNB Investment Services. The Company expects these changes to occur later in 2018, subject to regulatory approvals. 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 months ended March 31, 2018 and 2017 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 March 31, 2018 Bank VNB Wealth Consolidated Net interest income $ 5,662 $ 34 $ 5,696 Recovery of provision for loan losses (96 ) - (96 ) Noninterest income 642 1,072 1,714 Noninterest expense 3,491 526 4,017 Income before income taxes 2,909 580 3,489 Provision for income taxes 571 122 693 Net income $ 2,338 $ 458 $ 2,796 Total assets $ 615,143 $ 10,330 $ 625,473 Three months ended March 31, 2017 Bank VNB Wealth Consolidated Net interest income $ 5,037 $ 17 $ 5,054 Recovery of provision for loan losses (70 ) - (70 ) Noninterest income 662 587 1,249 Noninterest expense 3,301 524 3,825 Income before income taxes 2,468 80 2,548 Provision for income taxes 785 28 813 Net income $ 1,683 $ 52 $ 1,735 Total assets $ 629,317 $ 9,491 $ 638,808

Significant Accounting Polici19

Significant Accounting Policies (Policies)	3 Months Ended
	Mar. 31, 2018
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 (including impaired loans), other-than-temporary impairment of securities, intangible assets, and fair value measurements. Operating results for the three-month period ended March 31, 2018 are not necessarily indicative of the results that may be expected for the year ending December 31, 2018. 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, 2017. If needed, certain previously reported amounts have been reclassified to conform to current period presentation. No such reclassifications were significant.
Adoption of New Accounting Standards	Adoption of New Accounting Standard On January 1, 2018, the Company adopted ASU 2016-01, “Financial Instruments – Overall (Subtopic 825-10): Recognition and Measurement of Financial Assets and Financial Liabilities.” ASU 2016-01 makes targeted improvements to several areas of U.S. GAAP, including the disclosure of the fair value of financial instruments that are not measured at fair value on a recurring basis. Specifically, the new guidance (i) eliminates the requirements to disclose the methods and significant assumptions used to estimate the fair value and the description of the changes therein, if any, during the period, (ii) requires the use of the exit price notion, prospectively, in calculating the fair values of financial instruments not measured at fair value on a recurring basis, and (iii) eliminates the guidance that allowed the use of the entry price notion to calculate the fair value of certain financial instruments, such as loans and long-term debt. For example, the Company has historically estimated the fair value for loans reported at amortized cost on its balance sheet by examining the average rates per the terms of these loans, and comparing those average rates to the current rates offered by the Company (i.e., the entry price notion). Utilizing the exit price notion requires the Company to estimate fair value of these loans based on the price that would be received to sell these loans in an orderly transaction between market participants at the measurement date. See Note 7 - Fair Value Measurements, for further information regarding the valuation of these loans. The adoption of ASU 2016-01 did not have a material impact on the Company's consolidated financial statements and resulted in enhancements to the financial instrument disclosures. During the first quarter of 2018, the Company adopted ASU 2014-09, "Revenue from Contracts with Customers", and all subsequent amendments to the ASU (collectively "ASC 606"), which (i) creates a single framework for recognizing revenue from contracts with customers that fall within its scope and (ii) revises when it is appropriate to recognize a gain (loss) from the transfer of nonfinancial assets, such as OREO. The majority of the Company's revenue is from interest income, including loans and securities, which are outside the scope of the standard. The services that fall within the scope of the standard are presented within noninterest income on the consolidated statement of income and are recognized as revenue as the Company satisfies its obligations to the customer. The revenue that falls within the scope of ASC 606 is primarily related to service charges on deposit accounts, debit/credit card and ATM fees, asset management fees and sales of other real estate owned, when applicable. ASC 606 did not result in a change to the accounting for any in-scope revenue streams; as such, no cumulative effect adjustment was recorded.
Recent Accounting Pronouncements	Recent Accounting Pronouncements 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 in the early stages of assessing the impact that ASU 2016-02 will have on its consolidated financial statements, including evaluating leases and contracts which are covered and calculating the impact on its assets and liabilities. The Company does not expect the amendment to have a material impact on its net income but does anticipate an increase in assets and liabilities due to the recognition of the required right-of-use asset and corresponding liability for all lease obligations that are currently classified as operating leases, primarily real estate leases for office space, as well as additional disclosure on all our lease obligations. In 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. Early in 2017, the Company formed a cross-functional steering committee, including some members of senior management, to provide governance and guidance over the project plan. The steering committee has begun to address the compliance requirements, data requirements and sources, and analysis efforts which will be required to adopt these new requirements. In addition to attending seminars and webinars on this topic with regulators and other experts, the committee is working closely with the Company’s vendor to gather additional loan data which is anticipated to be needed for this calculation. The extent of the change is indeterminable at this time as it will be dependent upon portfolio composition and credit quality at the adoption date, as well as economic conditions and forecasts at that time. Upon adoption, the impact to the allowance for credit losses (currently allowance for loan losses) will have an offsetting one-time cumulative-effect adjustment to retained earnings. In 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. In 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. In August 2017, the FASB issued ASU 2017-12, “Derivatives and Hedging (Topic 815): Targeted Improvements to Accounting for Hedging Activities.” The amendments in this ASU modify the designation and measurement guidance for hedge accounting as well as provide for increased transparency regarding the presentation of economic results on both the financial statements and related footnotes. Certain aspects of hedge effectiveness assessments will also be simplified upon implementation of this update. The amendments are effective for annual periods, including interim periods within those annual periods, beginning after December 15, 2018. Early adoption is permitted, including adoption in any interim period. The Company does not expect the adoption of ASU 2017-12 to have a material impact on its consolidated financial statements. In February 2018, the FASB issued ASU 2018-03, “Technical Corrections and Improvements to Financial Instruments-Overall (Subtopic 825-10): Recognition and Measurement of Financial Assets and Financial Liabilities.” The amendments provide targeted improvements to address certain aspects of recognition, measurement, presentation, and disclosure of financial instruments. Specifically, the amendments include clarifications related to: measurement elections, transition requirements, and adjustments associated with equity securities without readily determinable fair values; fair value measurement requirements for forward contracts and purchased options on equity securities; presentation requirements for hybrid financial liabilities for which the fair value option has been elected; and measurement requirements for liabilities denominated in a foreign currency for which the fair value option has been elected. The amendments are effective for fiscal years beginning after December 15, 2017, and interim periods within those fiscal years beginning after June 15, 2018. Early adoption is permitted. The Company does not expect the adoption of ASU 2018-03 to have a material impact on its consolidated financial statements.

Securities (Tables)

Securities (Tables)	3 Months Ended
	Mar. 31, 2018
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 March 31, 2018 and December 31, 2017 were as follows (dollars in thousands): March 31, 2018 Amortized Gross Unrealized Gross Unrealized Fair Cost Gains (Losses) Value U.S. Government agencies $ 19,500 $ - $ (716 ) $ 18,784 Mortgage-backed securities/CMOs 29,356 - (948 ) 28,408 Municipal bonds 18,132 14 (408 ) 17,738 Total Securities Available for Sale $ 66,988 $ 14 $ (2,072 ) $ 64,930 December 31, 2017 Amortized Gross Unrealized Gross Unrealized Fair Cost Gains (Losses) Value U.S. Government agencies $ 19,500 $ - $ (538 ) $ 18,962 Mortgage-backed securities/CMOs 30,450 - (505 ) 29,945 Municipal bonds 18,668 68 (143 ) 18,593 Total Debt Securities 68,618 68 (1,186 ) 67,500 Marketable equity securities 1 - - 1 Total Securities Available for Sale $ 68,619 $ 68 $ (1,186 ) $ 67,501
Schedule of Unrealized Losses in the Bank's Securities Portfolio	As of March 31, 2018, there were $61.8 million, or 57 issues of individual securities, in a loss position. These securities have an unrealized loss of $2.1 million and consisted of 25 mortgage-backed/CMOs, 25 municipal bonds, and 7 agency bonds. The following table summarizes all securities with unrealized losses, segregated by length of time in a continuous unrealized loss position, at March 31, 2018 and December 31, 2017 (dollars in thousands): March 31, 2018 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 $ 7,346 $ (154 ) $ 11,438 $ (562 ) $ 18,784 $ (716 ) Mortgage-backed/CMOs 20,385 (600 ) 8,023 (348 ) 28,408 (948 ) Municipal bonds 14,122 (388 ) 496 (20 ) 14,618 (408 ) $ 41,853 $ (1,142 ) $ 19,957 $ (930 ) $ 61,810 $ (2,072 ) December 31, 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 $ 7,390 $ (110 ) $ 11,572 $ (428 ) $ 18,962 $ (538 ) Mortgage-backed/CMOs 21,422 (260 ) 8,523 (245 ) 29,945 (505 ) Municipal bonds 10,389 (132 ) 504 (11 ) 10,893 (143 ) $ 39,201 $ (502 ) $ 20,599 $ (684 ) $ 59,800 $ (1,186 )

Loans (Tables)

Loans (Tables)	3 Months Ended
	Mar. 31, 2018
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 March 31, 2018 and December 31, 2017 appears below (dollars in thousands). March 31, December 31, 2018 2017 Commercial Commercial and industrial - organic $ 44,307 $ 45,254 Commercial and industrial - government guaranteed 24,117 22,946 Commercial and industrial - syndicated 12,868 13,165 Total commercial and industrial 81,292 81,365 Real estate construction and land Residential construction 4,087 3,812 Commercial construction 12,348 13,365 Land and land development 10,131 9,681 Total construction and land 26,566 26,858 Real estate mortgages 1-4 family residential, first lien, investment 40,268 40,313 1-4 family residential, first lien, owner occupied 17,742 16,448 1-4 family residential, junior lien 2,962 2,965 Home equity lines of credit, first lien 8,250 9,238 Home equity lines of credit, junior lien 13,181 13,226 Farm 10,336 10,445 Multifamily 32,126 33,356 Commercial owner occupied 82,191 80,261 Commercial non-owner occupied 118,834 116,599 Total real estate mortgage 325,890 322,851 Consumer Consumer revolving credit 20,548 24,030 Consumer all other credit 8,345 9,036 Student loans purchased 62,088 64,644 Total consumer 90,981 97,710 Total loans 524,729 528,784 Less: Allowance for loan losses (3,955 ) (4,043 ) Net loans $ 520,774 $ 524,741
Schedule of Loans Classified as Impaired Loans	Following is a breakdown by class of the loans classified as impaired loans as of March 31, 2018 and December 31, 2017. 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 three months ended March 31, 2018 or the twelve months ended December 31, 2017. Interest income recognized is for the three months ended March 31, 2018 or the twelve months ended December 31, 2017. (Dollars below reported in thousands.) March 31, 2018 Unpaid Average Interest Recorded Principal Associated Recorded Income Investment Balance Allowance Investment Recognized Impaired loans without a valuation allowance: Land and land development $ 39 $ 94 $ - $ 40 $ - 1-4 family residential mortgages, first lien, owner occupied 95 134 - 96 - 1-4 family residential mortgages, junior lien 376 378 377 4 Commercial non-owner occupied real estate 961 961 - 965 13 Student loans purchased 1,158 1,158 - 1,108 20 Impaired loans with a valuation allowance - - - - - Total impaired loans $ 2,629 $ 2,725 $ - $ 2,586 $ 37 December 31, 2017 Unpaid Average Interest Recorded Principal Associated Recorded Income Investment Balance Allowance Investment Recognized Impaired loans without a valuation allowance: Land and land development $ 41 $ 94 $ - $ 46 $ - 1-4 family residential mortgages, first lien, owner occupied 99 137 - 107 - 1-4 family residential mortgages, junior lien 379 382 367 17 Commercial non-owner occupied real estate 972 972 - 992 48 Student loans purchased 1,083 1,083 - 959 64 Impaired loans with a valuation allowance - - - - - Total impaired loans $ 2,574 $ 2,668 $ - $ 2,471 $ 129
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): March 31, 2018 December 31, 2017 Land and land development $ 39 $ 41 1-4 family residential mortgages, first lien, owner occupied 95 99 1-4 family residential mortgages, junior lien 37 37 Total nonaccrual loans $ 171 $ 177
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 restructurings (TDRs) March 31, 2018 December 31, 2017 No. of Recorded No. of Recorded Loans Investment Loans Investment Performing TDRs 1-4 family residential mortgages, junior lien 2 $ 338 2 $ 342 Commercial non-owner occupied real estate 1 961 1 972 Student loans purchased 67 1,158 64 1,083 Total performing TDRs $ 2,457 67 $ 2,397 Nonperforming TDRs Land and land development 1 $ 23 1 $ 24 Total TDRs 71 $ 2,480 68 $ 2,421
Summary of Modified Loans	A summary of loans shown above that were modified under the terms of a TDR during the three months ended March 31, 2018 and 2017 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 March 31, 2018 March 31, 2017 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 3 $ 79 $ 79 4 $ 38 $ 38 Total loans modified during the period 3 $ 79 $ 79 4 $ 38 $ 38

Allowance for Loan Losses (Tabl

Allowance for Loan Losses (Tables)	3 Months Ended
	Mar. 31, 2018
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 March 31, 2018 and December 31, 2017 (dollars in thousands). There were no loans rated “Doubtful” as of either period. March 31, 2018 Excellent Good Pass Watch Special Sub- TOTAL Commercial Commercial and industrial - organic $ 2,908 $ 24,434 $ 15,819 $ 378 $ 228 $ 540 $ 44,307 Commercial and industrial - government guaranteed 24,117 - - - - - 24,117 Commercial and industrial - syndicated - - 10,300 - - 2,568 12,868 Real estate construction Residential construction - - 4,087 - - - 4,087 Commercial construction - - 12,348 - - - 12,348 Land and land development - - 9,306 296 - 529 10,131 Real estate mortgages 1-4 family residential, first lien, investment - - 37,978 1,861 - 429 40,268 1-4 family residential, first lien, owner occupied - - 17,317 221 - 204 17,742 1-4 family residential, junior lien - - 2,492 261 39 170 2,962 Home equity lines of credit, first lien - - 8,111 139 - - 8,250 Home equity lines of credit, junior lien - - 13,070 - - 111 13,181 Farm - - 8,967 - - 1,369 10,336 Multifamily - - 32,126 - - - 32,126 Commercial owner occupied - - 76,780 5,411 - - 82,191 Commercial non-owner occupied - - 116,705 1,109 - 1,020 118,834 Consumer Consumer revolving credit 5 20,004 539 - - - 20,548 Consumer all other credit 226 7,480 606 1 - 32 8,345 Student loans purchased - - 60,930 1,158 - - 62,088 Total Loans $ 27,256 $ 51,918 $ 427,481 $ 10,835 $ 267 $ 6,972 $ 524,729 December 31, 2017 Excellent Good Pass Watch Special Sub- TOTAL Commercial Commercial and industrial - organic $ 3,000 $ 23,937 $ 17,324 $ 13 $ 269 $ 711 $ 45,254 Commercial and industrial - government guaranteed 22,946 - - - - - 22,946 Commercial and industrial - syndicated - - 10,590 - - 2,575 13,165 Real estate construction Residential construction - - 3,812 - - - 3,812 Commercial construction - - 13,365 - - - 13,365 Land and land development - - 9,137 3 - 541 9,681 Real estate mortgages 1-4 family residential, first lien, investment - - 38,003 1,875 - 435 40,313 1-4 family residential, first lien, owner occupied - - 15,465 260 - 723 16,448 1-4 family residential, junior lien - - 2,488 265 41 171 2,965 Home equity lines of credit, first lien - - 9,098 140 - - 9,238 Home equity lines of credit, junior lien - - 13,115 - - 111 13,226 Farm - - 9,065 - - 1,380 10,445 Multifamily - - 33,356 - - - 33,356 Commercial owner occupied - 669 79,137 455 - - 80,261 Commercial non-owner occupied - - 114,610 972 - 1,017 116,599 Consumer Consumer revolving credit 6 22,977 1,045 1 1 - 24,030 Consumer all other credit 294 8,006 701 2 - 33 9,036 Student loans purchased - - 63,561 1,083 - - 64,644 Total Loans $ 26,246 $ 55,589 $ 433,872 $ 5,069 $ 311 $ 7,697 $ 528,784
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 three months ended March 31, 2018 and the year ended December 31, 2017 appears below (dollars in thousands): Allowance for Loan Losses Rollforward by Portfolio Segment Commercial Loans Real Estate Real Estate Consumer Total Allowance for Loan Losses: Balance as of January 1, 2018 $ 885 $ 206 $ 2,730 $ 222 $ 4,043 Charge-offs - - - (1 ) (1 ) Recoveries 5 - - 4 9 Provision for (recovery of) loan losses (28 ) 4 (60 ) (12 ) (96 ) Ending Balance $ 862 $ 210 $ 2,670 $ 213 $ 3,955 Ending Balance: Individually evaluated for impairment $ - $ - $ - $ - $ - Collectively evaluated for impairment 862 210 2,670 213 3,955 Loans: Individually evaluated for impairment $ - $ 39 $ 1,432 $ 1,158 $ 2,629 Collectively evaluated for impairment 81,292 26,527 324,458 89,823 522,100 Ending Balance $ 81,292 $ 26,566 $ 325,890 $ 90,981 $ 524,729 As of and for the year ended December 31, 2017 Commercial Real Estate Real Estate Consumer Total Allowance for Loan Losses: Balance as of January 1, 2017 $ 824 $ 127 $ 2,506 $ 231 $ 3,688 Charge-offs (111 ) - - - (111 ) Recoveries 31 - 2 15 48 Provision for (recovery of) loan losses 141 79 222 (24 ) 418 Ending Balance $ 885 $ 206 $ 2,730 $ 222 $ 4,043 Ending Balance: Individually evaluated for impairment $ - $ - $ - $ - $ - Collectively evaluated for impairment 885 206 2,730 222 4,043 Loans: Individually evaluated for impairment $ - $ 41 $ 1,450 $ 1,083 $ 2,574 Collectively evaluated for impairment 81,365 26,817 321,401 96,627 526,210 Ending Balance $ 81,365 $ 26,858 $ 322,851 $ 97,710 $ 528,784
Schedule of Aging of Past Due Loans	The following tables show the aging of past due loans as of March 31, 2018 and December 31, 2017. 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 30-59 60-89 90 Days or Total Past Current Total 90 Days Commercial loans Commercial and industrial - organic $ 155 $ - $ - $ 155 $ 44,152 $ 44,307 $ - Commercial and industrial - government guaranteed - - - - 24,117 24,117 - Commercial and industrial - syndicated - - - - 12,868 12,868 - Real estate construction and land Residential construction - - - - 4,087 4,087 - Commercial construction - - - - 12,348 12,348 - Land and land development - - - - 10,131 10,131 - Real estate mortgages 1-4 family residential, first lien, investment - - - - 40,268 40,268 - 1-4 family residential, first lien, owner occupied - 53 - 53 17,689 17,742 - 1-4 family residential, junior lien 37 - - 37 2,925 2,962 - Home equity lines of credit, first lien - - - - 8,250 8,250 - Home equity lines of credit, junior lien - - - - 13,181 13,181 - Farm - - - - 10,336 10,336 - Multifamily - - - - 32,126 32,126 - Commercial owner occupied - - - - 82,191 82,191 - Commercial non-owner occupied - - - - 118,834 118,834 - Consumer loans Consumer revolving credit - - - - 20,548 20,548 - Consumer all other credit 45 - - 45 8,300 8,345 - Student loans purchased 583 386 377 1,346 60,742 62,088 377 Total Loans $ 820 $ 439 $ 377 $ 1,636 $ 523,093 $ 524,729 $ 377 Past Due Aging as of 30-59 60-89 90 Days or Total Past Current Total 90 Days Commercial loans Commercial and industrial - organic $ - $ - $ - $ - $ 45,254 $ 45,254 $ - Commercial and industrial - government guaranteed - - - - 22,946 22,946 - Commercial and industrial - syndicated - - - - 13,165 13,165 - Real estate construction and land Residential construction - - - - 3,812 3,812 - Commercial construction - - - - 13,365 13,365 - Land and land development 20 - - 20 9,661 9,681 - Real estate mortgages 1-4 family residential, first lien, investment 118 - - 118 40,195 40,313 - 1-4 family residential, first lien, owner occupied 128 - 18 146 16,302 16,448 18 1-4 family residential, junior lien - - - - 2,965 2,965 - Home equity lines of credit, first lien 100 - - 100 9,138 9,238 - Home equity lines of credit, junior lien - - - - 13,226 13,226 - Farm - - - - 10,445 10,445 - Multifamily - - - - 33,356 33,356 - Commercial owner occupied 11 - - 11 80,250 80,261 - Commercial non-owner occupied 79 91 - 170 116,429 116,599 - Consumer loans Consumer revolving credit 1 - - 1 24,029 24,030 - Consumer all other credit 71 - - 71 8,965 9,036 - Student loans purchased 997 160 271 1,428 63,216 64,644 271 Total Loans $ 1,525 $ 251 $ 289 $ 2,065 $ 526,719 $ 528,784 $ 289

Net Income Per Share (Tables)

Net Income Per Share (Tables)	3 Months Ended
	Mar. 31, 2018
Earnings Per Share [Abstract]
Schedule of weighted average number of shares used in computing earnings per share	The table 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 months ended March 31, 2018 and 2017. 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 March 31, 2018 March 31, 2017 Weighted Per Weighted Per Average Share Average Share Net Income Shares Amount Net Income Shares Amount Basic net income per share $ 2,796 2,534,799 $ 1.10 $ 1,735 2,494,588 $ 0.70 Effect of dilutive stock options - 20,181 - - 20,102 - Diluted net income per share $ 2,796 2,554,980 $ 1.09 $ 1,735 2,514,690 $ 0.69

Stock Incentive Plans (Tables)

Stock Incentive Plans (Tables)	3 Months Ended
	Mar. 31, 2018
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 March 31, 2018. Share data and exercise price range per share have been adjusted to reflect the 5% stock dividend effective April 13, 2018. 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 134,787 241,500 262,500 Options issued, net of forfeited and expired options (113,457 ) (70,884 ) (2,100 ) Cancelled due to Plan expiration (21,330 ) (170,616 ) - Remaining available for grant - - 260,400 Grants issued and outstanding: Total vested and unvested shares 16,348 21,478 1,575 Fully vested shares 16,348 21,478 - Exercise price range $ 17.39 to $ 11.18 to $ 28.76 to $ 17.39 $ 22.15 $ 28.76
Summary of Stock Option Activity	Changes in the stock options outstanding related to all of the Plans are summarized below. Share and per share data have been retroactively adjusted to reflect the 5% stock dividend effective April 13, 2018. (Dollars in thousands except per share data): March 31, 2018 Weighted Average Aggregate Number of Options Exercise Price Intrinsic Value Outstanding at January 1, 2018 46,121 $ 19.96 Exercised (6,720 ) 21.50 $ 111 Outstanding at March 31, 2018 39,401 $ 19.69 $ 844 Options exercisable at March 31, 2018 37,826 $ 19.32 $ 824
Schedule of Options Outstanding and Exercisable, by Exercise Price Range	Summary information pertaining to options outstanding at March 31, 2018 is shown below. Share and per share data have been retroactively adjusted to reflect the 5% stock dividend effective April 13, 2018. 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 $11.18 to $20.00 18,766 1.3 Years $ 16.97 18,766 $ 16.97 $20.01 to $28.76 20,635 1.1 Years 22.17 19,060 21.63 Total 39,401 1.2 Years $ 19.69 37,826 $ 19.32

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	3 Months Ended
	Mar. 31, 2018
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 March 31, 2018 and December 31, 2017 (dollars in thousands): Fair Value Measurements at March 31, 2018 Using: Quoted Prices in Significant Active Markets Other Significant for Identical Observable Unobservable Assets Inputs Inputs Description Balance (Level 1) (Level 2) (Level 3) Assets: U.S. Government agencies $ 18,784 $ - $ 18,784 $ - Mortgage-backed securities/CMOs 28,408 - 28,408 - Municipal bonds 17,738 - 17,738 - Total securities available for sale $ 64,930 $ - $ 64,930 $ - Fair Value Measurements at December 31, 2017 Using: Quoted Prices in Significant Active Markets Other Significant for Identical Observable Unobservable Assets Inputs Inputs Description Balance (Level 1) (Level 2) (Level 3) Assets: U.S. Government agencies $ 18,962 $ - $ 18,962 $ - Mortgage-backed securities/CMOs 29,945 - 29,945 - Municipal bonds 18,593 - 18,593 - Marketable equity securities 1 - 1 - Total securities available for sale $ 67,501 $ - $ 67,501 $ -
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 March 31, 2018 and December 31, 2017 are as follows (dollars in thousands): Fair Value Measurement at March 31, 2018 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 $ 6,902 $ 6,902 $ - $ - $ 6,902 Available for sale securities 64,930 - 64,930 - 64,930 Loans, net 520,774 - - 512,053 512,053 Bank owned life insurance 16,453 - 16,453 - 16,453 Accrued interest receivable 1,932 - 374 1,558 1,932 Liabilities Demand deposits and interest-bearing transaction, money market, and savings accounts $ 420,276 $ - $ 420,276 $ - $ 420,276 Certificates of deposit 104,566 - 104,474 - 104,474 Repurchase agreements and other borrowings 31,482 - 31,482 - 31,482 Accrued interest payable 127 - 127 - 127 Fair Value Measurement at December 31, 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 $ 18,277 $ 18,277 $ - $ - $ 18,277 Available for sale securities 67,501 - 67,501 - 67,501 Loans, net 524,741 - - 517,339 517,339 Bank owned life insurance 16,344 - 16,344 - 16,344 Accrued interest receivable 2,012 - 363 1,649 2,012 Liabilities Demand deposits and interest-bearing transaction and money market accounts $ 433,729 $ - $ 433,729 $ - $ 433,729 Certificates of deposit 109,233 - 108,936 - 108,936 Repurchase agreements and other borrowings 34,092 - 34,092 - 34,092 Accrued interest payable 110 - 110 - 110

Other Comprehensive Income (Tab

Other Comprehensive Income (Tables)	3 Months Ended
	Mar. 31, 2018
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 (losses) on sales and calls 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 months ended March 31, 2018 and 2017 (dollars in thousands): Three Months Ended March 31, 2018 March 31, 2017 Available for sale securities Realized gains on sales of securities $ - $ 4 Tax effect - (1 ) Realized gains, net of tax $ - $ 3

Segment Reporting (Tables)

Segment Reporting (Tables)	3 Months Ended
	Mar. 31, 2018
Segment Reporting [Abstract]
Schedule of segment reporting information	Segment information for the three months ended March 31, 2018 and 2017 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 March 31, 2018 Bank VNB Wealth Consolidated Net interest income $ 5,662 $ 34 $ 5,696 Recovery of provision for loan losses (96 ) - (96 ) Noninterest income 642 1,072 1,714 Noninterest expense 3,491 526 4,017 Income before income taxes 2,909 580 3,489 Provision for income taxes 571 122 693 Net income $ 2,338 $ 458 $ 2,796 Total assets $ 615,143 $ 10,330 $ 625,473 Three months ended March 31, 2017 Bank VNB Wealth Consolidated Net interest income $ 5,037 $ 17 $ 5,054 Recovery of provision for loan losses (70 ) - (70 ) Noninterest income 662 587 1,249 Noninterest expense 3,301 524 3,825 Income before income taxes 2,468 80 2,548 Provision for income taxes 785 28 813 Net income $ 1,683 $ 52 $ 1,735 Total assets $ 629,317 $ 9,491 $ 638,808

Securities (Narrative) (Details

Securities (Narrative) (Details) $ in Thousands	3 Months Ended
	Mar. 31, 2018USD ($)item	Mar. 31, 2017USD ($)	Dec. 31, 2017USD ($)
Schedule of Investments [Line Items]
Number of securities designated as available for sale securities having unrealized loss | item	57
Proceeds from the sales of securities		$ 653
Gross net realized gains on sale of securities		$ 4
Securities pledged to secure deposits and for other purposes required by law	$ 29,300		$ 29,000
Restricted securities, at cost	2,319		2,284	[1]
Available-for-sale Securities, Continuous Unrealized Loss Position, Fair Value	61,810		59,800
Unrealized loss of available for sale securities	$ 2,072		1,186
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	$ 18,784		18,962
Unrealized loss of available for sale securities	$ 716		538
Municipal bonds [Member]
Schedule of Investments [Line Items]
Number of securities designated as available for sale securities having unrealized loss | item	25
Available-for-sale Securities, Continuous Unrealized Loss Position, Fair Value	$ 14,618		10,893
Unrealized loss of available for sale securities	$ 408		143
Mortgage-backed securities/CMOs [Member]
Schedule of Investments [Line Items]
Number of securities designated as available for sale securities having unrealized loss | item	25
Available-for-sale Securities, Continuous Unrealized Loss Position, Fair Value	$ 28,408		29,945
Unrealized loss of available for sale securities	$ 948		$ 505
[1]	Derived from audited Consolidated Financial Statements

Securities (Amortized Cost and

Securities (Amortized Cost and Fair Values of Securities Available for Sale) (Details)) - USD ($) $ in Thousands	Mar. 31, 2018	Dec. 31, 2017
Available for Sale
Amortized Cost	$ 66,989	$ 68,619
Gross Unrealized Gains	14	68
Gross Unrealized (Losses)	(2,072)	(1,186)
Available for Sale, Fair Value	64,930	67,501	[1]
U.S. Government agencies [Member]
Available for Sale
Amortized Cost	19,500	19,500
Gross Unrealized Gains
Gross Unrealized (Losses)	(716)	(538)
Available for Sale, Fair Value	18,784	18,962
Mortgage-backed securities/CMOs [Member]
Available for Sale
Amortized Cost	29,356	30,450
Gross Unrealized Gains
Gross Unrealized (Losses)	(948)	(505)
Available for Sale, Fair Value	28,408	29,945
Municipal bonds [Member]
Available for Sale
Amortized Cost	18,132	18,668
Gross Unrealized Gains	14	68
Gross Unrealized (Losses)	(408)	(143)
Available for Sale, Fair Value	$ 17,738	18,593
Debt Securities [Member]
Available for Sale
Amortized Cost		68,618
Gross Unrealized Gains		68
Gross Unrealized (Losses)		(1,186)
Available for Sale, Fair Value		67,500
Marketable equity securities [Member]
Available for Sale
Amortized Cost		1
Gross Unrealized Gains
Gross Unrealized (Losses)
Available for Sale, Fair Value		$ 1
[1]	Derived from audited Consolidated Financial Statements

Securities (Schedule of Unreali

Securities (Schedule of Unrealized Losses) (Details) - USD ($) $ in Thousands	Mar. 31, 2018	Dec. 31, 2017
Debt Securities, Available-for-sale [Line Items]
Continuous Unrealized Loss Position of Less Than 12 Months, Estimated Fair value	$ 41,853	$ 39,201
Continuous Unrealized Loss Position of 12 Months or More, Estimated Fair value	19,957	20,599
Total, Estimated Fair value	61,810	59,800
Continuous Unrealized Loss Position of Less Than 12 Months, Unrealized losses	(1,142)	(502)
Continuous Unrealized Loss Position of 12 Months or More, Unrealized losses	(930)	(684)
Total, Unrealized losses	(2,072)	(1,186)
U.S. Government agencies [Member]
Debt Securities, Available-for-sale [Line Items]
Continuous Unrealized Loss Position of Less Than 12 Months, Estimated Fair value	7,346	7,390
Continuous Unrealized Loss Position of 12 Months or More, Estimated Fair value	11,438	11,572
Total, Estimated Fair value	18,784	18,962
Continuous Unrealized Loss Position of Less Than 12 Months, Unrealized losses	(154)	(110)
Continuous Unrealized Loss Position of 12 Months or More, Unrealized losses	(562)	(428)
Total, Unrealized losses	(716)	(538)
Mortgage-backed securities/CMOs [Member]
Debt Securities, Available-for-sale [Line Items]
Continuous Unrealized Loss Position of Less Than 12 Months, Estimated Fair value	20,385	21,422
Continuous Unrealized Loss Position of 12 Months or More, Estimated Fair value	8,023	8,523
Total, Estimated Fair value	28,408	29,945
Continuous Unrealized Loss Position of Less Than 12 Months, Unrealized losses	(600)	(260)
Continuous Unrealized Loss Position of 12 Months or More, Unrealized losses	(348)	(245)
Total, Unrealized losses	(948)	(505)
Municipal bonds [Member]
Debt Securities, Available-for-sale [Line Items]
Continuous Unrealized Loss Position of Less Than 12 Months, Estimated Fair value	14,122	10,389
Continuous Unrealized Loss Position of 12 Months or More, Estimated Fair value	496	504
Total, Estimated Fair value	14,618	10,893
Continuous Unrealized Loss Position of Less Than 12 Months, Unrealized losses	(388)	(132)
Continuous Unrealized Loss Position of 12 Months or More, Unrealized losses	(20)	(11)
Total, Unrealized losses	$ (408)	$ (143)

Loans (Narrative) (Details)

Loans (Narrative) (Details) $ in Thousands	3 Months Ended
	Mar. 31, 2018USD ($)item	Mar. 31, 2017item	Dec. 31, 2017USD ($)
Number of Loans | item	3	4
Unamortized premium | $	$ 2,100		$ 2,000
Net deferred loan costs | $	$ 178		$ 199
Student Loans Purchased [Member]
Number of Loans | item	3	4
Student Loans Purchased [Member] | Performing [Member]
Number of Loans | item	67
Total Troubled Debt Restructurings | $	$ 1,200

Loans (Schedule of Composition

Loans (Schedule of Composition of Loan Portfolio by Loan Classification) (Details) - USD ($) $ in Thousands	Mar. 31, 2018	Dec. 31, 2017
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans	$ 524,729	$ 528,784	[1]
Less: Allowance for loan losses	(3,955)	(4,043)	[1]
Loans, net	520,774	524,741	[1]
Commercial and industrial - organic [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans	44,307	45,254
Commercial and industrial - government guaranteed [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans	24,117	22,946
Commercial and industrial - syndicated [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans	12,868	13,165
Commercial Loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans	81,292	81,365
Residential construction [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans	4,087	3,812
Commercial construction [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans	12,348	13,365
Land and land development [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans	10,131	9,681
Real Estate Construction and Land [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans	26,566	26,858
1-4 family residential, first lien, investment [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans	40,268	40,313
1-4 family residential, first lien, owner occupied [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans	17,742	16,448
1-4 family residential, junior lien [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans	2,962	2,965
Home equity lines of credit, first lien [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans	8,250	9,238
Home equity lines of credit, junior lien [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans	13,181	13,226
Farm [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans	10,336	10,445
Multifamily [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans	32,126	33,356
Commercial owner occupied [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans	82,191	80,261
Commercial non-owner occupied [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans	118,834	116,599
Real Estate Mortgages [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans	325,890	322,851
Consumer revolving credit [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans	20,548	24,030
Consumer all other credit [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans	8,345	9,036
Student Loans Purchased [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans	62,088	64,644
Consumer Loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans	$ 90,981	$ 97,710
[1]	Derived from audited Consolidated Financial Statements

Loans (Impaired Loans by Loan C

Loans (Impaired Loans by Loan Classification) (Details) - USD ($) $ in Thousands	3 Months Ended	12 Months Ended
	Mar. 31, 2018	Dec. 31, 2017
Financing Receivable, Impaired [Line Items]
Recorded Investment, without a valuation allowance	$ 2,629	$ 2,574
Unpaid Principal Balance, without a valuation allowance	2,725	2,668
Associated Allowance, without a valuation allowance
Average Recorded Investment, without a valuation allowance	2,586	2,471
Interest Income Recognized, without a valuation allowance	37	129
Recorded Investment, total	2,629	2,574
Unpaid Principal Balance, total	2,725	2,668
Associated Allowance, total
Average Recorded Investment, total	2,586	2,471
Interest Income Recognized, total	37	129
Land and land development [Member]
Financing Receivable, Impaired [Line Items]
Recorded Investment, without a valuation allowance	39	41
Unpaid Principal Balance, without a valuation allowance	94	94
Associated Allowance, without a valuation allowance
Average Recorded Investment, without a valuation allowance	40	46
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	95	99
Unpaid Principal Balance, without a valuation allowance	134	137
Associated Allowance, without a valuation allowance
Average Recorded Investment, without a valuation allowance	96	107
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	376	379
Unpaid Principal Balance, without a valuation allowance	378	382
Associated Allowance, without a valuation allowance
Average Recorded Investment, without a valuation allowance	377	367
Interest Income Recognized, without a valuation allowance	4	17
Commercial non-owner occupied [Member]
Financing Receivable, Impaired [Line Items]
Recorded Investment, without a valuation allowance	961	972
Unpaid Principal Balance, without a valuation allowance	961	972
Associated Allowance, without a valuation allowance
Average Recorded Investment, without a valuation allowance	965	992
Interest Income Recognized, without a valuation allowance	13	48
Student Loans Purchased [Member]
Financing Receivable, Impaired [Line Items]
Recorded Investment, without a valuation allowance	1,158	1,083
Unpaid Principal Balance, without a valuation allowance	1,158	1,083
Associated Allowance, without a valuation allowance
Average Recorded Investment, without a valuation allowance	1,108	959
Interest Income Recognized, without a valuation allowance	20	64
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	Mar. 31, 2018	Dec. 31, 2017
Financing Receivable, Recorded Investment [Line Items]
Total nonaccrual loans	$ 171	$ 177
Land and land development [Member]
Financing Receivable, Recorded Investment [Line Items]
Total nonaccrual loans	39	41
1-4 family residential, first lien, owner occupied [Member]
Financing Receivable, Recorded Investment [Line Items]
Total nonaccrual loans	95	99
1-4 family residential, junior lien [Member]
Financing Receivable, Recorded Investment [Line Items]
Total nonaccrual loans	$ 37	$ 37

Loans (Schedule of Troubled Deb

Loans (Schedule of Troubled Debt Restructurings) (Details) $ in Thousands	Mar. 31, 2018USD ($)item	Dec. 31, 2017USD ($)item
Financing Receivable, Recorded Investment [Line Items]
Number of loans | item	71	68
Total Troubled Debt Restructurings | $	$ 2,480	$ 2,421
Performing [Member]
Financing Receivable, Recorded Investment [Line Items]
Number of loans | item	70	67
Total Troubled Debt Restructurings | $	$ 2,457	$ 2,397
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 | $	$ 338	$ 342
Commercial non-owner occupied [Member] | Performing [Member]
Financing Receivable, Recorded Investment [Line Items]
Number of loans | item	1	1
Total Troubled Debt Restructurings | $	$ 961	$ 972
Student Loans Purchased [Member] | Performing [Member]
Financing Receivable, Recorded Investment [Line Items]
Number of loans | item	67	64
Total Troubled Debt Restructurings | $	$ 1,158	$ 1,083
Land and land development [Member] | Nonperforming [Member]
Financing Receivable, Recorded Investment [Line Items]
Number of loans | item	1	1
Total Troubled Debt Restructurings | $	$ 23	$ 24

Loans (Schedule of Loans Modifi

Loans (Schedule of Loans Modified Under the Terms of a TDR) (Details) $ in Thousands	3 Months Ended
	Mar. 31, 2018USD ($)item	Mar. 31, 2017USD ($)item
Financing Receivable, Modifications [Line Items]
Number of Loans | item	3	4
Pre-Modification Recorded Balance	$ 79	$ 38
Post-Modification Recorded Balance	$ 79	$ 38
Student Loans Purchased [Member]
Financing Receivable, Modifications [Line Items]
Number of Loans | item	3	4
Pre-Modification Recorded Balance	$ 79	$ 38
Post-Modification Recorded Balance	$ 79	$ 38

Allowance for Loan Losses (Narr

Allowance for Loan Losses (Narrative) (Details) - USD ($) $ in Thousands	Mar. 31, 2018	Dec. 31, 2017
Allowance for Loan Losses [Abstract]
Impaired loans	$ 2,629	$ 2,574

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	Mar. 31, 2018	Dec. 31, 2017
Financing Receivable, Recorded Investment [Line Items]
Loans	$ 524,729	$ 528,784	[1]
Excellent [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans	27,256	26,246
Good [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans	51,918	55,589
Pass [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans	427,481	433,872
Watch [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans	10,835	5,069
Special Mention [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans	267	311
Substandard [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans	6,972	7,697
Commercial and industrial - organic [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans	44,307	45,254
Commercial and industrial - organic [Member] | Excellent [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans	2,908	3,000
Commercial and industrial - organic [Member] | Good [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans	24,434	23,937
Commercial and industrial - organic [Member] | Pass [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans	15,819	17,324
Commercial and industrial - organic [Member] | Watch [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans	378	13
Commercial and industrial - organic [Member] | Special Mention [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans	228	269
Commercial and industrial - organic [Member] | Substandard [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans	540	711
Commercial and industrial - government guaranteed [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans	24,117	22,946
Commercial and industrial - government guaranteed [Member] | Excellent [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans	24,117	22,946
Commercial and industrial - government guaranteed [Member] | Good [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] | Watch [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] | Substandard [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans
Commercial and industrial - syndicated [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans	12,868	13,165
Commercial and industrial - syndicated [Member] | Excellent [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans
Commercial and industrial - syndicated [Member] | Good [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans
Commercial and industrial - syndicated [Member] | Pass [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans	10,300	10,590
Commercial and industrial - syndicated [Member] | Watch [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans
Commercial and industrial - syndicated [Member] | Special Mention [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans
Commercial and industrial - syndicated [Member] | Substandard [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans	2,568	2,575
Residential construction [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans	4,087	3,812
Residential construction [Member] | Excellent [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans
Residential construction [Member] | Good [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans
Residential construction [Member] | Pass [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans	4,087	3,812
Residential construction [Member] | Watch [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans
Residential construction [Member] | Special Mention [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans
Residential construction [Member] | Substandard [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans
Commercial construction [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans	12,348	13,365
Commercial construction [Member] | Excellent [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans
Commercial construction [Member] | Good [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans
Commercial construction [Member] | Pass [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans	12,348	13,365
Commercial construction [Member] | Watch [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans
Commercial construction [Member] | Special Mention [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans
Commercial construction [Member] | Substandard [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans
Land and land development [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans	10,131	9,681
Land and land development [Member] | Excellent [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans
Land and land development [Member] | Good [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans
Land and land development [Member] | Pass [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans	9,306	9,137
Land and land development [Member] | Watch [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans	296	3
Land and land development [Member] | Special Mention [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans
Land and land development [Member] | Substandard [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans	529	541
1-4 family residential, first lien, investment [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans	40,268	40,313
1-4 family residential, first lien, investment [Member] | Excellent [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans
1-4 family residential, first lien, investment [Member] | Good [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans
1-4 family residential, first lien, investment [Member] | Pass [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans	37,978	38,003
1-4 family residential, first lien, investment [Member] | Watch [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans	1,861	1,875
1-4 family residential, first lien, investment [Member] | Special Mention [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans
1-4 family residential, first lien, investment [Member] | Substandard [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans	429	435
1-4 family residential, first lien, owner occupied [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans	17,742	16,448
1-4 family residential, first lien, owner occupied [Member] | Excellent [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans
1-4 family residential, first lien, owner occupied [Member] | Good [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans
1-4 family residential, first lien, owner occupied [Member] | Pass [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans	17,317	15,465
1-4 family residential, first lien, owner occupied [Member] | Watch [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans	221	260
1-4 family residential, first lien, owner occupied [Member] | Special Mention [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans
1-4 family residential, first lien, owner occupied [Member] | Substandard [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans	204	723
1-4 family residential, junior lien [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans	2,962	2,965
1-4 family residential, junior lien [Member] | Excellent [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans
1-4 family residential, junior lien [Member] | Good [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans
1-4 family residential, junior lien [Member] | Pass [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans	2,492	2,488
1-4 family residential, junior lien [Member] | Watch [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans	261	265
1-4 family residential, junior lien [Member] | Special Mention [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans	39	41
1-4 family residential, junior lien [Member] | Substandard [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans	170	171
Home equity lines of credit, first lien [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans	8,250	9,238
Home equity lines of credit, first lien [Member] | Excellent [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans
Home equity lines of credit, first lien [Member] | Good [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans
Home equity lines of credit, first lien [Member] | Pass [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans	8,111	9,098
Home equity lines of credit, first lien [Member] | Watch [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans	139	140
Home equity lines of credit, first lien [Member] | Special Mention [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans
Home equity lines of credit, first lien [Member] | Substandard [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans
Home equity lines of credit, junior lien [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans	13,181	13,226
Home equity lines of credit, junior lien [Member] | Excellent [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans
Home equity lines of credit, junior lien [Member] | Good [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans
Home equity lines of credit, junior lien [Member] | Pass [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans	13,070	13,115
Home equity lines of credit, junior lien [Member] | Watch [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans
Home equity lines of credit, junior lien [Member] | Special Mention [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans
Home equity lines of credit, junior lien [Member] | Substandard [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans	111	111
Farm [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans	10,336	10,445
Farm [Member] | Excellent [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans
Farm [Member] | Good [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans
Farm [Member] | Pass [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans	8,967	9,065
Farm [Member] | Watch [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans
Farm [Member] | Special Mention [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans
Farm [Member] | Substandard [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans	1,369	1,380
Multifamily [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans	32,126	33,356
Multifamily [Member] | Excellent [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans
Multifamily [Member] | Good [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans
Multifamily [Member] | Pass [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans	32,126	33,356
Multifamily [Member] | Watch [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans
Multifamily [Member] | Special Mention [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans
Multifamily [Member] | Substandard [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans
Commercial owner occupied [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans	82,191	80,261
Commercial owner occupied [Member] | Excellent [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans
Commercial owner occupied [Member] | Good [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans		669
Commercial owner occupied [Member] | Pass [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans	76,780	79,137
Commercial owner occupied [Member] | Watch [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans	5,411	455
Commercial owner occupied [Member] | Special Mention [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans
Commercial owner occupied [Member] | Substandard [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans
Commercial non-owner occupied [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans	118,834	116,599
Commercial non-owner occupied [Member] | Excellent [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans
Commercial non-owner occupied [Member] | Good [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans
Commercial non-owner occupied [Member] | Pass [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans	116,705	114,610
Commercial non-owner occupied [Member] | Watch [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans	1,109	972
Commercial non-owner occupied [Member] | Special Mention [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans
Commercial non-owner occupied [Member] | Substandard [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans	1,020	1,017
Consumer revolving credit [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans	20,548	24,030
Consumer revolving credit [Member] | Excellent [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans	5	6
Consumer revolving credit [Member] | Good [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans	20,004	22,977
Consumer revolving credit [Member] | Pass [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans	539	1,045
Consumer revolving credit [Member] | Watch [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans		1
Consumer revolving credit [Member] | Special Mention [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans		1
Consumer revolving credit [Member] | Substandard [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans
Consumer all other credit [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans	8,345	9,036
Consumer all other credit [Member] | Excellent [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans	226	294
Consumer all other credit [Member] | Good [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans	7,480	8,006
Consumer all other credit [Member] | Pass [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans	606	701
Consumer all other credit [Member] | Watch [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans	1	2
Consumer all other credit [Member] | Special Mention [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans
Consumer all other credit [Member] | Substandard [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans	32	33
Student Loans Purchased [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans	62,088	64,644
Student Loans Purchased [Member] | Excellent [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans
Student Loans Purchased [Member] | Good [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans
Student Loans Purchased [Member] | Pass [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans	60,930	63,561
Student Loans Purchased [Member] | Watch [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans	1,158	1,083
Student Loans Purchased [Member] | Special Mention [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans
Student Loans Purchased [Member] | Substandard [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans
[1]	Derived from audited Consolidated Financial Statements

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		12 Months Ended
	Mar. 31, 2018	Mar. 31, 2017	Dec. 31, 2017
Allowance for loan losses:
Beginning Balance	$ 4,043	$ 3,688	$ 3,688
Charge-offs	(1)		(111)
Recoveries	9		48
Provision for (recovery of) loan losses	(96)	(70)	418
Ending Balance	3,955		4,043
Ending balance: Individually evaluated for impairment
Ending balance: Collectively evaluated for impairment	3,955		4,043
Loans:
Individually evaluated for impairment	2,629		2,574
Collectively evaluated for impairment	522,100		526,210
Ending Balance	524,729		528,784	[1]
Commercial Loans [Member]
Allowance for loan losses:
Beginning Balance	885	824	824
Charge-offs			(111)
Recoveries	5		31
Provision for (recovery of) loan losses	(28)		141
Ending Balance	862		885
Ending balance: Individually evaluated for impairment
Ending balance: Collectively evaluated for impairment	862		885
Loans:
Individually evaluated for impairment
Collectively evaluated for impairment	81,292		81,365
Ending Balance	81,292		81,365
Real Estate Construction and Land [Member]
Allowance for loan losses:
Beginning Balance	206	127	127
Charge-offs
Recoveries
Provision for (recovery of) loan losses	4		79
Ending Balance	210		206
Ending balance: Individually evaluated for impairment
Ending balance: Collectively evaluated for impairment	210		206
Loans:
Individually evaluated for impairment	39		41
Collectively evaluated for impairment	26,527		26,817
Ending Balance	26,566		26,858
Real Estate Mortgages [Member]
Allowance for loan losses:
Beginning Balance	2,730	2,506	2,506
Charge-offs
Recoveries			2
Provision for (recovery of) loan losses	(60)		222
Ending Balance	2,670		2,730
Ending balance: Individually evaluated for impairment
Ending balance: Collectively evaluated for impairment	2,670		2,730
Loans:
Individually evaluated for impairment	1,432		1,450
Collectively evaluated for impairment	324,458		321,401
Ending Balance	325,890		322,851
Consumer Loans [Member]
Allowance for loan losses:
Beginning Balance	222	$ 231	231
Charge-offs	(1)
Recoveries	4		15
Provision for (recovery of) loan losses	(12)		(24)
Ending Balance	213		222
Ending balance: Individually evaluated for impairment
Ending balance: Collectively evaluated for impairment	213		222
Loans:
Individually evaluated for impairment	1,158		1,083
Collectively evaluated for impairment	89,823		96,627
Ending Balance	$ 90,981		$ 97,710
[1]	Derived from audited Consolidated Financial Statements

Allowance for Loan Losses (Sche

Allowance for Loan Losses (Schedule of Aging of Past Due Loans) (Details) - USD ($) $ in Thousands	Mar. 31, 2018	Dec. 31, 2017
Past Due and Non-Accrual Loans
Total Past Due	$ 1,636	$ 2,065
Current	523,093	526,719
Total Loans	524,729	528,784	[1]
90 Days Past Due and Still Accruing	377	289
30-59 Days Past Due [Member]
Past Due and Non-Accrual Loans
Total Past Due	820	1,525
60-89 Days Past Due [Member]
Past Due and Non-Accrual Loans
Total Past Due	439	251
90 Days or More Past Due [Member]
Past Due and Non-Accrual Loans
Total Past Due	377	289
Commercial and industrial - organic [Member]
Past Due and Non-Accrual Loans
Total Past Due	155
Current	44,152	45,254
Total Loans	44,307	45,254
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	155
Commercial and industrial - organic [Member] | 60-89 Days Past Due [Member]
Past Due and Non-Accrual Loans
Total Past Due
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	24,117	22,946
Total Loans	24,117	22,946
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	12,868	13,165
Total Loans	12,868	13,165
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	4,087	3,812
Total Loans	4,087	3,812
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	12,348	13,365
Total Loans	12,348	13,365
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		20
Current	10,131	9,661
Total Loans	10,131	9,681
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		20
Land and land development [Member] | 60-89 Days Past Due [Member]
Past Due and Non-Accrual Loans
Total Past Due
Land and land development [Member] | 90 Days or More Past Due [Member]
Past Due and Non-Accrual Loans
Total Past Due
1-4 family residential, first lien, investment [Member]
Past Due and Non-Accrual Loans
Total Past Due		118
Current	40,268	40,195
Total Loans	40,268	40,313
90 Days Past Due and Still Accruing
1-4 family residential, first lien, investment [Member] | 30-59 Days Past Due [Member]
Past Due and Non-Accrual Loans
Total Past Due		118
1-4 family residential, first lien, investment [Member] | 60-89 Days Past Due [Member]
Past Due and Non-Accrual Loans
Total Past Due
1-4 family residential, first lien, investment [Member] | 90 Days or More Past Due [Member]
Past Due and Non-Accrual Loans
Total Past Due
1-4 family residential, first lien, owner occupied [Member]
Past Due and Non-Accrual Loans
Total Past Due	53	146
Current	17,689	16,302
Total Loans	17,742	16,448
90 Days Past Due and Still Accruing		18
1-4 family residential, first lien, owner occupied [Member] | 30-59 Days Past Due [Member]
Past Due and Non-Accrual Loans
Total Past Due		128
1-4 family residential, first lien, owner occupied [Member] | 60-89 Days Past Due [Member]
Past Due and Non-Accrual Loans
Total Past Due	53
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		18
1-4 family residential, junior lien [Member]
Past Due and Non-Accrual Loans
Total Past Due	37
Current	2,925	2,965
Total Loans	2,962	2,965
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	37
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		100
Current	8,250	9,138
Total Loans	8,250	9,238
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		100
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	10,336	10,445
Total Loans	10,336	10,445
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	32,126	33,356
Total Loans	32,126	33,356
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		11
Current	82,191	80,250
Total Loans	82,191	80,261
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		11
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		170
Current	118,834	116,429
Total Loans	118,834	116,599
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		79
Commercial non-owner occupied [Member] | 60-89 Days Past Due [Member]
Past Due and Non-Accrual Loans
Total Past Due		91
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		1
Current	20,548	24,029
Total Loans	20,548	24,030
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		1
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	45	71
Current	8,300	8,965
Total Loans	8,345	9,036
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	45	71
Consumer all other credit [Member] | 60-89 Days Past Due [Member]
Past Due and Non-Accrual Loans
Total Past Due
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	1,346	1,428
Current	60,742	63,216
Total Loans	62,088	64,644
90 Days Past Due and Still Accruing	377	271
Student Loans Purchased [Member] | 30-59 Days Past Due [Member]
Past Due and Non-Accrual Loans
Total Past Due	583	997
Student Loans Purchased [Member] | 60-89 Days Past Due [Member]
Past Due and Non-Accrual Loans
Total Past Due	386	160
Student Loans Purchased [Member] | 90 Days or More Past Due [Member]
Past Due and Non-Accrual Loans
Total Past Due	377	271
Home equity lines of credit, junior lien [Member]
Past Due and Non-Accrual Loans
Total Past Due
Current	13,181	13,226
Total Loans	13,181	13,226
90 Days Past Due and Still Accruing
Home equity lines of credit, junior lien [Member] | 30-59 Days Past Due [Member]
Past Due and Non-Accrual Loans
Total Past Due
Home equity lines of credit, junior lien [Member] | 60-89 Days Past Due [Member]
Past Due and Non-Accrual Loans
Total Past Due
Home equity lines of credit, junior lien [Member] | 90 Days or More Past Due [Member]
Past Due and Non-Accrual Loans
Total Past Due
Real Estate Mortgages [Member]
Past Due and Non-Accrual Loans
Total Loans	$ 325,890	$ 322,851
[1]	Derived from audited Consolidated Financial Statements

Net Income Per Share (Narrative

Net Income Per Share (Narrative) (Details) - shares	3 Months Ended
	Mar. 31, 2018	Mar. 31, 2017
Stock dividend percentage	5.00%
Equity Option [Member]
Securities considered to be anti-dilutive and excluded from earnings per share calculation		2,100

Net Income Per Share (Schedule

Net Income Per Share (Schedule of Weighted Average Number of Shares) (Details) - USD ($) $ / shares in Units, $ in Thousands		3 Months Ended
		Mar. 31, 2018	Mar. 31, 2017
Basic net income per share
Net Income		$ 2,796	$ 1,735
Weighted Average Shares		2,534,799	2,494,588
Per Share Amount	[1]	$ 1.10	$ 0.70
Effect of dilutive stock options		20,181	20,102
Diluted net income per share
Net Income		$ 2,796	$ 1,735
Weighted Average Shares		2,554,980	2,514,690
Per Share Amount	[1]	$ 1.09	$ 0.69
[1]	Per share data has been retroactively adjusted to reflect a 5% stock dividend effective April 13, 2018.

Stock Incentive Plans (Plan dur

Stock Incentive Plans (Plan duration - Narrative) (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2018	Mar. 31, 2017	May 21, 2014
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Unrecognized compensation expense related to the non-vested awards	$ 8
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	$ 1	$ 3
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)	3 Months Ended
	Mar. 31, 2018$ / sharesshares
2003 Stock Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Aggregate shares issuable	134,787
Options issued, net of forfeited and expired options	(113,457)
Cancelled due to Plan expiration	(21,330)
Remaining available for grant
Total vested and unvested shares	16,348
Fully vested shares	16,348
2003 Stock Plan [Member] | Minimum [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Exercise price per share | $ / shares	$ 17.39
2003 Stock Plan [Member] | Maximum [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Exercise price per share | $ / shares	$ 17.39
2005 Stock Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Aggregate shares issuable	241,500
Options issued, net of forfeited and expired options	(70,884)
Cancelled due to Plan expiration	(170,616)
Remaining available for grant
Total vested and unvested shares	21,478
Fully vested shares	21,478
2005 Stock Plan [Member] | Minimum [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Exercise price per share | $ / shares	$ 11.18
2005 Stock Plan [Member] | Maximum [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Exercise price per share | $ / shares	$ 22.15
2014 Stock Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Aggregate shares issuable	262,500
Options issued, net of forfeited and expired options	(2,100)
Cancelled due to Plan expiration
Remaining available for grant	260,400
Total vested and unvested shares	1,575
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	$ 28.76
2014 Stock Plan [Member] | Maximum [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Exercise price per share | $ / shares	$ 28.76

Stock Incentive Plans (Changes

Stock Incentive Plans (Changes in the Stock Options Outstanding) (Details) - Employee Stock Option [Member] $ / shares in Units, $ in Thousands	3 Months Ended
	Mar. 31, 2018USD ($)$ / sharesshares
Number of Options
Outstanding, at the beginning | shares	46,121
Exercised | shares	(6,720)
Outstanding, at the end | shares	39,401
Options Exercisable | shares	37,826
Weighted Average Exercise Price
Outstanding, at the beginning | $ / shares	$ 19.96
Exercised | $ / shares	21.50
Outstanding, at the end | $ / shares	19.69
Exercisable | $ / shares	$ 19.32
Aggregate Intrinsic Value
Outstanding, at the beginning | $
Expired | $	111
Outstanding at end | $	844
Exercisable | $	$ 824

Stock Incentive Plans (Summar46

Stock Incentive Plans (Summary Information Pertaining to Options Outstanding) (Details)	3 Months Ended
	Mar. 31, 2018$ / sharesshares
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items]
Options Outstanding | shares	39,401
Weighted-Average Remaining Contractual Life	1 year 2 months 12 days
Weighted Average Exercise Price	$ 19.69
Options Exercisable | shares	37,826
Weighted-Average Exercise Price	$ 19.32
$11.18 to 20.00 [Member]
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items]
Exercise Price, Minimum	11.18
Exercise Price, Maximum	$ 20
Options Outstanding | shares	18,766
Weighted-Average Remaining Contractual Life	1 year 3 months 19 days
Weighted Average Exercise Price	$ 16.97
Options Exercisable | shares	18,766
Weighted-Average Exercise Price	$ 16.97
$20.01 to $28.76 [Member]
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items]
Exercise Price, Minimum	20.01
Exercise Price, Maximum	$ 28.76
Options Outstanding | shares	20,635
Weighted-Average Remaining Contractual Life	1 year 1 month 6 days
Weighted Average Exercise Price	$ 22.17
Options Exercisable | shares	19,060
Weighted-Average Exercise Price	$ 21.63

Fair Value Measurements (Assets

Fair Value Measurements (Assets Measured at Fair Value on Recurring Basis) (Details) - USD ($) $ in Thousands	Mar. 31, 2018	Dec. 31, 2017
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets measured at fair value on a recurring basis	$ 64,930	$ 67,501
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
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	64,930	67,501
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
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	18,784	18,962
U.S. Government agencies [Member] | Quoted Prices in Active Markets for Identical Assets (Level 1) [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets measured at fair value on a recurring basis
U.S. Government agencies [Member] | Significant Other Observable Inputs (Level 2) [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets measured at fair value on a recurring basis	18,784	18,962
U.S. Government agencies [Member] | Significant Unobservable Inputs (Level 3) [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets measured at fair value on a recurring basis
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	28,408	29,945
Mortgage-backed securities/CMOs [Member] | Quoted Prices in Active Markets for Identical Assets (Level 1) [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets measured at fair value on a recurring basis
Mortgage-backed securities/CMOs [Member] | Significant Other Observable Inputs (Level 2) [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets measured at fair value on a recurring basis	28,408	29,945
Mortgage-backed securities/CMOs [Member] | Significant Unobservable Inputs (Level 3) [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets measured at fair value on a recurring basis
Municipal bonds [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets measured at fair value on a recurring basis	17,738	18,593
Municipal bonds [Member] | Quoted Prices in Active Markets for Identical Assets (Level 1) [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets measured at fair value on a recurring basis
Municipal bonds [Member] | Significant Other Observable Inputs (Level 2) [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets measured at fair value on a recurring basis	17,738	18,593
Municipal bonds [Member] | Significant Unobservable Inputs (Level 3) [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets measured at fair value on a recurring basis
Marketable equity securities [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets measured at fair value on a recurring basis		1
Marketable equity securities [Member] | Quoted Prices in Active Markets for Identical Assets (Level 1) [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets measured at fair value on a recurring basis
Marketable equity securities [Member] | Significant Other Observable Inputs (Level 2) [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets measured at fair value on a recurring basis		1
Marketable equity securities [Member] | Significant Unobservable Inputs (Level 3) [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets measured at fair value on a recurring basis

Fair Value Measurements (Asse48

Fair Value Measurements (Assets Measured at Fair Value on Nonrecurring Basis) (Details) - USD ($) $ in Thousands	Mar. 31, 2018	Dec. 31, 2017
Fair Value Disclosures [Abstract]
Impaired loans	$ 2,629	$ 2,574

Fair Value Measurements (Carryi

Fair Value Measurements (Carrying Values and Estimated Fair Values of Financial Instruments) (Details) - USD ($) $ in Thousands	Mar. 31, 2018	Dec. 31, 2017
Carrying Value [Member]
Assets
Cash and cash equivalent	$ 6,902	$ 18,277
Available for sale securities	64,930	67,501
Loans, net	520,774	524,741
Bank owned life insurance	16,453	16,344
Accrued interest receivable	1,932	2,012
Liabilities
Demand deposits and interest-bearing transaction and money market, and savings accounts	420,276	433,729
Certificates of deposit	104,566	109,233
Repurchase agreements and other borrowings	31,482	34,092
Accrued interest payable	127	110
Fair Value [Member]
Assets
Cash and cash equivalent	6,902	18,277
Available for sale securities	64,930	67,501
Loans, net	512,053	517,339
Bank owned life insurance	16,453	16,344
Accrued interest receivable	1,932	2,012
Liabilities
Demand deposits and interest-bearing transaction and money market, and savings accounts	420,276	433,729
Certificates of deposit	104,474	108,936
Repurchase agreements and other borrowings	31,482	34,092
Accrued interest payable	127	110
Quoted Prices in Active Markets for Identical Assets (Level 1) [Member]
Assets
Cash and cash equivalent	6,902	18,277
Available for sale securities
Loans, net
Bank owned life insurance
Accrued interest receivable
Liabilities
Demand deposits and interest-bearing transaction and money market, and savings accounts
Certificates of deposit
Repurchase agreements and other borrowings
Accrued interest payable
Significant Other Observable Inputs (Level 2) [Member]
Assets
Cash and cash equivalent
Available for sale securities	64,930	67,501
Loans, net
Bank owned life insurance	16,453	16,344
Accrued interest receivable	374	363
Liabilities
Demand deposits and interest-bearing transaction and money market, and savings accounts	420,276	433,729
Certificates of deposit	104,474	108,936
Repurchase agreements and other borrowings	31,482	34,092
Accrued interest payable	127	110
Significant Unobservable Inputs (Level 3) [Member]
Assets
Cash and cash equivalent
Available for sale securities
Loans, net	512,053	517,339
Bank owned life insurance
Accrued interest receivable	1,558	1,649
Liabilities
Demand deposits and interest-bearing transaction and money market, and savings accounts
Certificates of deposit
Repurchase agreements and other borrowings
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
	Mar. 31, 2018	Mar. 31, 2017
Other Comprehensive Income (Loss), Available-for-sale Securities Adjustment, Net of Tax [Abstract]
Realized gains on sales of securities		$ 4
Tax effect	0	(1)
Realized gains, net of tax		$ 3

Segment Reporting (Schedule of

Segment Reporting (Schedule of Segment Reporting Information) (Details) - USD ($) $ in Thousands	3 Months Ended		12 Months Ended
	Mar. 31, 2018	Mar. 31, 2017	Dec. 31, 2017
Segment Reporting Information [Line Items]
Net interest income	$ 5,696	$ 5,054
Recovery of provision for loan losses	(96)	(70)	$ 418
Noninterest income	1,714	1,249
Noninterest expense	4,017	3,825
Income before income taxes	3,489	2,548
Provision for income taxes	693	813
Net income	2,796	1,735
Total assets	625,473	638,808	$ 643,886	[1]
Bank [Member]
Segment Reporting Information [Line Items]
Net interest income	5,662	5,037
Recovery of provision for loan losses	(96)	(70)
Noninterest income	642	662
Noninterest expense	3,491	3,301
Income before income taxes	2,909	2,468
Provision for income taxes	571	785
Net income	2,338	1,683
Total assets	615,143	629,317
VNB Wealth [Member]
Segment Reporting Information [Line Items]
Net interest income	34	17
Recovery of provision for loan losses
Noninterest income	1,072	587
Noninterest expense	526	524
Income before income taxes	580	80
Provision for income taxes	122	28
Net income	458	52
Total assets	$ 10,330	$ 9,491
[1]	Derived from audited Consolidated Financial Statements

Segment Reporting (Narrative) (

Segment Reporting (Narrative) (Details) $ in Thousands	3 Months Ended
	Mar. 31, 2018USD ($)item	Mar. 31, 2017USD ($)
Segment Reporting [Abstract]
Number of reportable segments | item	2
VNB Wealth [Member]
Segment Reporting [Abstract]
Management fees | $	$ 25	$ 25