Virginia National Bankshares (VABK) 10-Q 10 May 19 2019 Q1 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	3 Months Ended
	Mar. 31, 2019	May 06, 2019
Document and Entity Information [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Mar. 31, 2019
Entity Registrant Name	Virginia National Bankshares Corp
Entity Central Index Key	0001572334
Current Fiscal Year End Date	--12-31
Document Fiscal Year Focus	2019
Document Fiscal Period Focus	Q1
Entity Filer Category	Non-accelerated Filer
Entity Small Business	true
Entity Emerging Growth Company	false
Entity Common Stock, Shares Outstanding		2,560,138

CONSOLIDATED BALANCE SHEETS

CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Mar. 31, 2019	Dec. 31, 2018	[1]
ASSETS
Cash and due from banks	$ 10,965	$ 11,741
Federal funds sold	3,639	7,133
Securities:
Available for sale, at fair value	61,312	61,392
Restricted securities, at cost	1,684	1,683
Total securities	62,996	63,075
Loans	528,360	537,190
Allowance for loan losses	(4,905)	(4,891)
Loans, net	523,455	532,299
Premises and equipment, net	6,846	7,042
Bank owned life insurance	16,900	16,790
Goodwill	372	372
Other intangible assets, net	458	477
Accrued interest receivable and other assets	10,169	5,871
Total assets	635,800	644,800
Demand deposits:
Noninterest-bearing	160,071	185,819
Interest-bearing	108,933	106,884
Money market and savings deposit accounts	157,737	171,299
Certificates of deposit and other time deposits	130,458	108,531
Total deposits	557,199	572,533
Accrued interest payable and other liabilities	6,076	1,525
Total liabilities	563,275	574,058
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; 2,560,138 and 2,543,452 issued and outstanding at March 31, 2019 and December 31, 2018, respectively	6,400	6,359
Capital surplus	27,522	27,013
Retained earnings	39,126	38,647
Accumulated other comprehensive loss	(523)	(1,277)
Total shareholders' equity	72,525	70,742
Total liabilities and shareholders' equity	$ 635,800	$ 644,800
[1]	Derived from audited Consolidated Financial Statements

CONSOLIDATED BALANCE SHEETS (Pa

CONSOLIDATED BALANCE SHEETS (Parenthetical) - $ / shares	Mar. 31, 2019	Dec. 31, 2018
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	2,560,138	2,543,452
Common stock, shares outstanding	2,560,138	2,543,452

CONSOLIDATED STATEMENTS OF INCO

CONSOLIDATED STATEMENTS OF INCOME (Unaudited) - USD ($) $ in Thousands		3 Months Ended
		Mar. 31, 2019	Mar. 31, 2018
Interest and dividend income:
Loans, including fees		$ 6,097	$ 5,714
Federal funds sold		19	35
Investment securities:
Taxable		252	278
Tax exempt		81	85
Dividends		26	28
Total interest and dividend income		6,475	6,140
Interest expense:
Demand and savings deposits		381	232
Certificates and other time deposits		459	140
Repurchase agreements and other borrowings		67	72
Total interest expense		907	444
Net interest income		5,568	5,696
Provision for (recovery of) loan losses		684	(96)
Net interest income after provision for (recovery of) loan losses		4,884	5,792
Noninterest income:
Trust income		347	414
Advisory and brokerage income		136	140
Royalty income		4	518
Customer service fees		181	247
Debit/credit card and ATM fees		157	187
Earnings/increase in value of bank owned life insurance		110	109
Fees on mortgage sales		30	36
Losses on sales of assets			(33)
Other		94	96
Total noninterest income		1,059	1,714
Noninterest expense:
Salaries and employee benefits		2,346	1,991
Net occupancy		479	480
Equipment		117	128
Data processing		316	252
Other		1,153	1,166
Total noninterest expense		4,411	4,017
Income before income taxes		1,532	3,489
Provision for income taxes		286	693
Net income		$ 1,246	$ 2,796
Net income per common share, basic	[1]	$ 0.49	$ 1.10
Net income per common share, diluted	[1]	$ 0.49	$ 1.09
Weighted average common shares outstanding, basic	[1]	2,550,785	2,534,799
Weighted average common shares outstanding, diluted	[1]	2,559,274	2,554,980
[1]	Share data for March 31, 2018 has been adjusted to reflect the 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, 2019	Mar. 31, 2018
Statement of Comprehensive Income [Abstract]
Net income	$ 1,246	$ 2,796
Other comprehensive income (loss)
Unrealized gains (losses) on securities, net of tax of $201 and ($197) for the three months ended March 31, 2019 and 2018	754	(743)
Total other comprehensive income (loss)	754	(743)
Total comprehensive income	$ 2,000	$ 2,053

CONSOLIDATED STATEMENTS OF CO_2

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (Parenthetical) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Statement of Comprehensive Income [Abstract]
Change in unrealized losses on available-for-sale securities, tax	$ 201	$ (197)

CONSOLIDATED STATEMENTS OF CHAN

CONSOLIDATED STATEMENTS OF CHANGES IN SHAREHOLDERS' EQUITY (Unaudited) - USD ($) $ in Thousands		Common Stock [Member]		Capital Surplus [Member]		Retained Earnings [Member]	Accumulated Other Comprehensive Income (Loss) [Member]	Total
Balance at Dec. 31, 2017		$ 6,027	[1]	$ 22,038	[1]	$ 37,923	$ (883)	$ 65,105
Stock option exercised		16	[1]	128	[1]			144
Stock option expense			[1]	1	[1]			1
Stock dividend distributable	[1]	301		4,673		(4,974)
Stock grants
Cash dividends declared			[1]		[1]	(482)		(482)
Net income			[1]		[1]	2,796		2,796
Other comprehensive income			[1]		[1]		(743)	(743)
Ending at Mar. 31, 2018		6,344	[1]	26,840	[1]	35,263	(1,626)	66,821
Balance at Dec. 31, 2018		6,359	[1]	27,013	[1]	38,647	(1,277)	70,742	[2]
Stock option exercised		14	[1]	88	[1]			102
Stock option expense			[1]	24	[1]			(24)
Stock grants		27	[1]	397	[1]			424
Cash dividends declared			[1]		[1]	(767)		(767)
Net income			[1]		[1]	1,246		1,246
Other comprehensive income			[1]		[1]		754	754
Ending at Mar. 31, 2019		$ 6,400	[1]	$ 27,522	[1]	$ 39,126	$ (523)	$ 72,525
[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 CH_2

CONSOLIDATED STATEMENTS OF CHANGES IN SHAREHOLDERS' EQUITY (Parenthetical) - $ / shares	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Statement of Stockholders' Equity [Abstract]
Cash dividend declared, per share	$ 0.30	$ 0.19

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
CASH FLOWS FROM OPERATING ACTIVITIES:
Net income	$ 1,246	$ 2,796
Adjustments to reconcile net income to net cash provided by operating activities:
Provision for (recovery of) loan losses	684	(96)
Net amortization and accretion of securities	68	73
Net losses on sales of assets		33
Earnings on bank owned life insurance	(110)	(109)
Amortization of Intangible Assets	34	33
Depreciation and other amortization	260	280
Stock option expense	24	1
Stock grants	424
Net change in:
Accrued interest receivable and other assets	(219)	525
Accrued interest payable and other liabilities	302	670
Net cash provided by operating activities	2,713	4,206
CASH FLOWS FROM INVESTING ACTIVITIES:
Net increase in restricted investments	(1)	(35)
Proceeds from maturities, calls and principal payments of available for sale securities	967	1,557
Net decrease in organic loans	6,754	2,380
Net decrease in purchased loans	1,406	1,683
Cash payment for wealth management book of business	(50)	(100)
Purchase of bank premises and equipment	(64)	(23)
Net cash provided by investing activities	9,012	5,462
CASH FLOWS FROM FINANCING ACTIVITIES:
Net decrease in demand deposits, NOW accounts, savings accounts and money market accounts	(37,261)	(13,453)
Net increase (decrease) in certificates of deposit and other time deposits	21,927	(4,667)
Net decrease in repurchase agreements		(5,388)
Net increase in other short term borrowings		2,778
Proceeds from stock options exercised	102	144
Cash dividends paid	(763)	(458)
Net cash used in financing activities	(15,995)	(21,044)
NET DECREASE IN CASH AND CASH EQUIVALENTS	(4,270)	(11,376)
CASH AND CASH EQUIVALENTS:
Beginning of period	18,874	18,277
End of period	14,604	6,901
SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION
Cash payments for: Interest	813	427
Cash payments for: Taxes
SUPPLEMENTAL SCHEDULE OF NONCASH INVESTING AND FINANCING ACTIVITIES
Unrealized gain (loss) on available for sale securities	955	(940)
Initial right-of-use assets obtained in exchange for new operating lease liabilities	$ 4,279

Significant Accounting Policies

Significant Accounting Policies	3 Months Ended
	Mar. 31, 2019
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”), and its subsidiaries Virginia National Bank (the “Bank”) and Masonry Capital Management, LLC (“Masonry Capital”), a registered investment adviser. Effective July 1, 2018, VNBTrust, National Association (“VNBTrust”), formerly a subsidiary of the Bank, was merged into Virginia National Bank, and the Bank continued to offer investment management, wealth advisory and trust and estate administration services under the name of VNB Wealth Management, also referred to herein as “VNB Wealth.” All references herein to VNB Wealth Management or VNB Wealth refer to VNBTrust for periods prior to July 1, 2018. In 2019, the services offered by VNB Wealth are provided by Masonry Capital or by the Bank under VNB Trust & Estate Services or VNB Investment Services. 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, 2019 are not necessarily indicative of the results that may be expected for the year ending December 31, 2019. 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, 2018. If needed, certain previously reported amounts have been reclassified to conform to current period presentation. No such reclassifications were significant. Recent Accounting Pronouncements Financial Instruments – Credit Losses 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 now use forward-looking information to better inform their credit loss estimates. Many of the loss estimation techniques applied today will still be permitted, although the inputs to those techniques will change to reflect the full amount of expected credit losses. In addition, the ASU amends the accounting for credit losses on available-for-sale debt securities and purchased financial assets with credit deterioration. The amendments in this ASU are effective for SEC filers for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2019. 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 meets regularly to address the compliance requirements, data requirements and sources, and analysis efforts that are 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. Goodwill Impairment Testing 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. Disclosure Framework - Changes to the Disclosure Requirements for Fair Value Measurement In August 2018, the FASB issued ASU 2018-13, “Fair Value Measurement (Topic 820): Disclosure Framework - Changes to the Disclosure Requirements for Fair Value Measurement.” The amendments modify the disclosure requirements in Topic 820 to add disclosures regarding changes in unrealized gains and losses, the range and weighted average of significant unobservable inputs used to develop Level 3 fair value measurements and the narrative description of measurement uncertainty. Certain disclosure requirements in Topic 820 are also removed or modified. The amendments are effective for fiscal years beginning after December 15, 2019, and interim periods within those fiscal years. Certain of the amendments are to be applied prospectively while others are to be applied retrospectively. Early adoption is permitted. The Company does not expect the adoption of ASU 2018-13 to have a material impact on its consolidated financial statements.

Securities

Securities	3 Months Ended
	Mar. 31, 2019
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, 2019 and December 31, 2018 were as follows (dollars in thousands): March 31, 2019 Amortized Gross Unrealized Gross Unrealized Fair Cost Gains (Losses) Value U.S. Government agencies $ 19,500 $ - $ (273 ) $ 19,227 Mortgage-backed securities/CMOs 24,900 - (472 ) 24,428 Municipal bonds 17,574 118 (35 ) 17,657 Total Securities Available for Sale $ 61,974 $ 118 $ (780 ) $ 61,312 December 31, 2018 Amortized Gross Unrealized Gross Unrealized Fair Cost Gains (Losses) Value U.S. Government agencies $ 19,500 $ - $ (526 ) $ 18,974 Mortgage-backed securities/CMOs 25,901 1 (839 ) 25,063 Municipal bonds 17,608 12 (265 ) 17,355 Total Securities Available for Sale $ 63,009 $ 13 $ (1,630 ) $ 61,392 As of March 31, 2019, there were $49.1 million, or 40 issues of individual securities, in a loss position. These securities have an unrealized loss of $780 thousand and consisted of 25 mortgage-backed/CMOs, 8 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, 2019 and December 31, 2018 (dollars in thousands): March 31, 2019 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 $ - $ - $ 19,227 $ (273 ) $ 19,227 $ (273 ) Mortgage-backed/CMOs 308 (1 ) 24,120 (471 ) 24,428 (472 ) Municipal bonds - - 5,448 (35 ) 5,448 (35 ) $ 308 $ (1 ) $ 48,795 $ (779 ) $ 49,103 $ (780 ) December 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 $ - $ - $ 18,974 $ (526 ) $ 18,974 $ (526 ) Mortgage-backed/CMOs - - 24,657 (839 ) 24,657 (839 ) Municipal bonds 4,983 (34 ) 10,722 (231 ) 15,705 (265 ) $ 4,983 $ (34 ) $ 54,353 $ (1,596 ) $ 59,336 $ (1,630 ) 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, 2019, 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, 2019, 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 $5.0 million at March 31, 2019 were pledged as collateral to secure public deposits. At December 31, 2018, securities having carrying values of $18.0 million were similarly pledged. For the three months ended March 31, 2019 and March 31, 2018, there were no sales of securities. Restricted securities are securities with limited marketability and consist of stock in the Federal Reserve Bank of Richmond (“FRB”), the Federal Home Loan Bank of Atlanta (“FHLB”), and CBB Financial Corporation (“CBBFC”), the holding company for Community Bankers Bank. These restricted securities, totaling $1.7 million as of both March 31, 2019 and December 31, 2018 are carried at cost.

Loans

Loans	3 Months Ended
	Mar. 31, 2019
Loans and Leases Receivable Disclosure [Abstract]
Loans	Note 3. Loans The composition of the loan portfolio by loan classification at March 31, 2019 and December 31, 2018 appears below (dollars in thousands). March 31, December 31, 2019 2018 Commercial Commercial and industrial - organic $ 41,075 $ 41,526 Commercial and industrial - government guaranteed 32,286 31,367 Commercial and industrial - syndicated 12,118 12,134 Total commercial and industrial 85,479 85,027 Real estate construction and land Residential construction 1,345 1,552 Commercial construction 3,439 5,078 Land and land development 10,515 10,894 Total construction and land 15,299 17,524 Real estate mortgages 1-4 family residential, first lien, investment 41,395 40,311 1-4 family residential, first lien, owner occupied 17,359 16,775 1-4 family residential, junior lien 2,852 3,169 1-4 family residential - purchased 18,563 18,647 Home equity lines of credit, first lien 8,279 8,325 Home equity lines of credit, junior lien 9,672 10,912 Farm 9,382 10,397 Multifamily 27,874 27,328 Commercial owner occupied 94,936 93,800 Commercial non-owner occupied 117,518 123,214 Total real estate mortgage 347,830 352,878 Consumer Consumer revolving credit 23,245 21,540 Consumer all other credit 4,684 5,530 Student loans purchased 51,823 54,691 Total consumer 79,752 81,761 Total loans 528,360 537,190 Less: Allowance for loan losses (4,905 ) (4,891 ) Net loans $ 523,455 $ 532,299 The balances in the table above include unamortized premiums and net deferred loan costs and fees. As of both March 31, 2019, and December 31, 2018, unamortized premiums on loans purchased were $2.5 million. Net deferred loan costs (fees) totaled $99 thousand and $129 thousand as of March 31, 2019 and December 31, 2018, 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, 2019 and December 31, 2018. 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, 2019 or the twelve months ended December 31, 2018. Interest income recognized is for the three months ended March 31, 2019 or the twelve months ended December 31, 2018. (Dollars below reported in thousands.) March 31, 2019 Unpaid Average Interest Recorded Principal Associated Recorded Income Investment Balance Allowance Investment Recognized Impaired loans without a valuation allowance: Land and land development $ 30 $ 89 $ - $ 31 $ - 1-4 family residential mortgages, first lien, owner occupied 77 124 - 79 - 1-4 family residential mortgages, junior lien 124 124 125 2 Commercial non-owner occupied real estate 915 915 - 919 12 Total impaired loans without a valuation allowance 1,146 1,252 - 1,154 14 Impaired loans with a valuation allowance Student loans purchased 1,607 1,607 49 1,607 22 Total impaired loans with a valuation allowance 1,607 1,607 49 1,607 22 Total impaired loans $ 2,753 $ 2,859 $ 49 $ 2,761 $ 36 December 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 $ 32 $ 90 $ - $ 37 $ - 1-4 family residential mortgages, first lien, owner occupied 82 127 - 90 - 1-4 family residential mortgages, junior lien 127 127 248 15 Commercial non-owner occupied real estate 923 923 - 947 51 Total impaired loans without a valuation allowance 1,164 1,267 - 1,322 66 Impaired loans with a valuation allowance Student loans purchased 1,602 1,602 90 1,387 86 Total impaired loans with a valuation allowance 1,602 1,602 90 1,387 86 Total impaired loans $ 2,766 $ 2,869 $ 90 $ 2,709 $ 152 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, 2019 December 31, 2018 Land and land development $ 30 $ 32 1-4 family residential mortgages, first lien, owner occupied 77 82 Student loans purchased 445 445 Commercial and industrial - organic - 56 Total nonaccrual loans $ 552 $ 615 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 62 of its student loans purchased as TDRs for a total of $1.2 million as of March 31, 2019 . 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. Initially, all student loans were fully insured by a surety bond, and the Company did not expect to experience a loss on these loans. Based on the loss of insurance after July 27, 2018 due to the insolvency of the insurer, management has evaluated these loans individually for impairment and included any potential loss in the allowance for loan losses; 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, 2019 December 31, 2018 No. of Recorded No. of Recorded Loans Investment Loans Investment Performing TDRs 1-4 family residential mortgages, junior lien 1 $ 124 1 $ 127 Commercial non-owner occupied real estate 1 915 1 923 Student loans purchased 63 1,162 65 1,157 Total performing TDRs 65 $ 2,201 67 $ 2,207 Nonperforming TDRs Student loans purchased 1 $ 4 1 $ 4 Land and land development 1 17 1 19 Total nonperforming TDRs 2 $ 21 2 $ 23 Total TDRs 67 $ 2,222 69 $ 2,230 A summary of loans shown above that were modified under the terms of a TDR during the three months ended March 31, 2019 and 2018 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, 2019 March 31, 2018 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 2 $ 55 $ 55 3 $ 79 $ 79 Total loans modified during the period 2 $ 55 $ 55 3 $ 79 $ 79 During the three months ended March 31, 2019, there were no loans modified as TDRs that subsequently defaulted which had been modified as TDRs during the twelve months prior to default. There was one loan modified as a TDR that subsequently defaulted during the year ending December 31, 2018 which had been modified as a TDR during the twelve months prior to default. This student loan had a balance of $33 thousand prior to being charged off. There were no loans secured by 1-4 family residential property that were in the process of foreclosure at either March 31, 2019 or December 31, 2018.

Allowance for Loan Losses

Allowance for Loan Losses	3 Months Ended
	Mar. 31, 2019
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 Commercial and industrial - government guaranteed Commercial and industrial - syndicated Real estate construction and land loan segment: Residential construction Commercial construction Land and land development Real estate mortgage loan segment: 1-4 family residential, first lien, investment 1-4 family residential, first lien, owner occupied 1-4 family residential, junior lien Home equity lines of credit, first lien Home equity lines of credit, junior lien Farm Multifamily Commercial owner occupied Commercial non-owner occupied Consumer loan segment: Consumer revolving credit Consumer all other credit Student loans purchased 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 - On June 27, 2018, the Company was notified that ReliaMax Surety Company (“ReliaMax Surety”), the South Dakota insurance company which issued surety bonds for the student loan pool, was placed into liquidation due to insolvency. As such, a reserve was calculated beginning in the second quarter of 2018 using the insurance claim history on the portfolio to establish a historical charge-off rate. In addition qualitative factors were applied to the student loan pool and the calculated reserve is net of any deposit reserve accounts held at the Bank. For reporting periods prior to June 30, 2018, the Company did not charge off student loans as the insurance covered the past due loans, but the Company did apply qualitative factors to calculate a reserve on these loans, net of the deposit reserve accounts held by the Company for this group of loans. ● Commercial and industrial syndicated loans - 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 – These 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, 2019 and December 31, 2018 (dollars in thousands). There were no loans rated “Doubtful” as of either period. Special Sub- March 31, 2019 Excellent Good Pass Watch Mention standard TOTAL Commercial Commercial and industrial - organic $ 3,072 $ 21,578 $ 15,965 $ 164 $ 39 $ 257 $ 41,075 Commercial and industrial - government guaranteed 32,286 - - - - - 32,286 Commercial and industrial - syndicated - - 9,579 - - 2,539 12,118 Real estate construction Residential construction - - 1,345 - - - 1,345 Commercial construction - - 3,439 - - - 3,439 Land and land development - - 9,531 493 - 491 10,515 Real estate mortgages 1-4 family residential, first lien, investment - - 37,439 3,572 115 269 41,395 1-4 family residential, first lien, owner occupied - - 16,147 1,070 10 132 17,359 1-4 family residential, junior lien - - 2,272 56 21 503 2,852 1-4 family residential, first lien - purchased - - 18,563 - - - 18,563 Home equity lines of credit, first lien - - 7,501 439 - 339 8,279 Home equity lines of credit, junior lien - - 9,465 96 - 111 9,672 Farm - - 7,721 332 - 1,329 9,382 Multifamily - - 27,874 - - - 27,874 Commercial owner occupied - - 87,991 6,945 - - 94,936 Commercial non-owner occupied - - 115,043 1,503 - 972 117,518 Consumer Consumer revolving credit 54 22,554 637 - - - 23,245 Consumer all other credit 246 3,880 527 3 - 28 4,684 Student loans purchased - - 49,520 2,082 140 81 51,823 Total Loans $ 35,658 $ 48,012 $ 420,559 $ 16,755 $ 325 $ 7,051 $ 528,360 Special Sub- December 31, 2018 Excellent Good Pass Watch Mention standard TOTAL Commercial Commercial and industrial - organic $ 3,692 $ 23,381 $ 13,993 $ 264 $ 28 $ 168 $ 41,526 Commercial and industrial - government guaranteed 31,367 - - - - - 31,367 Commercial and industrial - syndicated - - 9,588 - - 2,546 12,134 Real estate construction Residential construction - - 1,552 - - - 1,552 Commercial construction - - 5,078 - - - 5,078 Land and land development - - 9,888 501 - 505 10,894 Real estate mortgages 1-4 family residential, first lien, investment - - 36,314 3,607 117 273 40,311 1-4 family residential, first lien, owner occupied - - 15,540 1,087 11 137 16,775 1-4 family residential, junior lien - - 2,573 58 22 516 3,169 1-4 family residential, first lien - purchased - - 18,647 - - - 18,647 Home equity lines of credit, first lien - - 7,911 414 - - 8,325 Home equity lines of credit, junior lien - - 10,704 97 - 111 10,912 Farm - - 8,719 339 - 1,339 10,397 Multifamily - - 27,328 - - - 27,328 Commercial owner occupied - - 86,868 6,932 - - 93,800 Commercial non-owner occupied - - 120,720 1,519 - 975 123,214 Consumer Consumer revolving credit 44 20,852 644 - - - 21,540 Consumer all other credit 263 4,699 535 4 - 29 5,530 Student loans purchased - - 51,494 2,401 431 365 54,691 Total Loans $ 35,366 $ 48,932 $ 428,096 $ 17,223 $ 609 $ 6,964 $ 537,190 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 $2.8 million at March 31, 2019, specific valuation allowance was recognized 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. The $49 thousand in the allowance total shown below as individually evaluated for impairment was attributed to the impaired student loans which required an allowance as of March 31, 2019 due to the loss of the insurance on this portfolio as discussed previously. A summary of the transactions in the Allowance for Loan Losses by loan portfolio segment for the three months ended March 31, 2019 and the year ended December 31, 2018 appears below (dollars in thousands): Allowance for Loan Losses Rollforward by Portfolio Segment Real Estate Commercial Construction Real Estate Consumer Loans and Land Mortgages Loans Total Allowance for Loan Losses: Balance as of January 1, 2019 $ 811 $ 119 $ 2,611 $ 1,350 $ 4,891 Charge-offs - - - (709 ) (709 ) Recoveries 18 - - 21 39 Provision for (recovery of) loan losses 59 (17 ) (42 ) 684 684 Ending Balance $ 888 $ 102 $ 2,569 $ 1,346 $ 4,905 Ending Balance: Individually evaluated for impairment $ - $ - $ - $ 49 $ 49 Collectively evaluated for impairment 888 102 2,569 1,297 4,856 Loans: Individually evaluated for impairment $ - $ 30 $ 1,116 $ 1,607 $ 2,753 Collectively evaluated for impairment 85,479 15,269 346,714 78,145 525,607 Ending Balance $ 85,479 $ 15,299 $ 347,830 $ 79,752 $ 528,360 As of and for the year ended December 31, 2018 Real Estate Commercial Construction Real Estate Consumer Loans and Land Mortgages Loans Total Allowance for Loan Losses: Balance as of January 1, 2018 $ 885 $ 206 $ 2,730 $ 222 $ 4,043 Charge-offs (75 ) - - (1,022 ) (1,097 ) Recoveries 54 - 2 16 72 Provision for (recovery of) loan losses (53 ) (87 ) (121 ) 2,134 1,873 Ending Balance $ 811 $ 119 $ 2,611 $ 1,350 $ 4,891 Ending Balance: Individually evaluated for impairment $ - $ - $ - $ 90 $ 90 Collectively evaluated for impairment 811 119 2,611 1,260 4,801 Loans: Individually evaluated for impairment $ - $ 32 $ 1,132 $ 1,602 $ 2,766 Collectively evaluated for impairment 85,027 17,492 351,746 80,159 534,424 Ending Balance $ 85,027 $ 17,524 $ 352,878 $ 81,761 $ 537,190 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, 2019 and December 31, 2018. (Dollars below reported in thousands.) Past Due Aging as of 90 Days March 31, 2019 30-59 60-89 90 Days or Past Due Days Past Days Past More Past Total Past Total and Still Due Due Due Due Current Loans Accruing Commercial loans Commercial and industrial - organic $ - $ - $ - $ - $ 41,075 $ 41,075 $ - Commercial and industrial - government guaranteed - - 548 548 31,738 32,286 548 Commercial and industrial - syndicated - - - - 12,118 12,118 - Real estate construction and land Residential construction - - - - 1,345 1,345 - Commercial construction - - - - 3,439 3,439 - Land and land development - - - - 10,515 10,515 - Real estate mortgages 1-4 family residential, first lien, investment - - - - 41,395 41,395 - 1-4 family residential, first lien, owner occupied - - - - 17,359 17,359 - 1-4 family residential, junior lien - - - - 2,852 2,852 - 1-4 family residential - purchased . - - - 18,563 18,563 - Home equity lines of credit, first lien - - - - 8,279 8,279 - Home equity lines of credit, junior lien - - - - 9,672 9,672 - Farm - - - - 9,382 9,382 - Multifamily - - - - 27,874 27,874 - Commercial owner occupied - - - - 94,936 94,936 - Commercial non-owner occupied - - - - 117,518 117,518 - Consumer loans Consumer revolving credit - - - - 23,245 23,245 - Consumer all other credit 44 - - 44 4,640 4,684 - Student loans purchased 477 140 486 1,103 50,720 51,823 81 Total Loans $ 521 $ 140 $ 1,034 $ 1,695 $ 526,665 $ 528,360 $ 629 Past Due Aging as of 90 Days December 31, 2018 30-59 60-89 90 Days or Past Due Days Past Days Past More Past Total Past Total and Still Due Due Due Due Current Loans Accruing Commercial loans Commercial and industrial - organic $ 50 $ 172 $ - $ 222 $ 41,304 $ 41,526 $ - Commercial and industrial - government guaranteed - - 548 548 30,819 31,367 548 Commercial and industrial - syndicated - - - - 12,134 12,134 - Real estate construction and land Residential construction - - - - 1,552 1,552 - Commercial construction - - - - 5,078 5,078 - Land and land development 1 - 15 16 10,878 10,894 15 Real estate mortgages 1-4 family residential, first lien, investment - - - - 40,311 40,311 - 1-4 family residential, first lien, owner occupied - - - - 16,775 16,775 - 1-4 family residential, junior lien - - - - 3,169 3,169 - 1-4 family residential - purchased 954 - - 954 17,693 18,647 - Home equity lines of credit, first lien - - - - 8,325 8,325 - Home equity lines of credit, junior lien - - - - 10,912 10,912 - Farm - - - - 10,397 10,397 - Multifamily - - - - 27,328 27,328 - Commercial owner occupied - - - - 93,800 93,800 - Commercial non-owner occupied 75 - - 75 123,139 123,214 - Consumer loans Consumer revolving credit - - - - 21,540 21,540 - Consumer all other credit 4 599 - 603 4,927 5,530 - Student loans purchased 850 463 754 2,067 52,624 54,691 332 Total Loans $ 1,934 $ 1,234 $ 1,317 $ 4,485 $ 532,705 $ 537,190 $ 895

Net Income Per Share

Net Income Per Share	3 Months Ended
	Mar. 31, 2019
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) which was issued on April 13, 2018 to all shareholders of record as of the close of business on April 3, 2018 (the “5% Stock Dividend”). 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 adjusted to reflect the 5% Stock Dividend. 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, 2019 and 2018. 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, 2019 March 31, 2018 Weighted Per Weighted Per Average Share Average Share Net Income Shares Amount Net Income Shares Amount Basic net income per share $ 1,246 2,550,785 $ 0.49 $ 2,796 2,534,799 $ 1.10 Effect of dilutive stock options - 8,489 0.00 - 20,181 (0.01 ) Diluted net income per share $ 1,246 2,559,274 $ 0.49 $ 2,796 2,554,980 $ 1.09 For the three-month period ended March 31, 2019, there were 62,750 option shares considered anti-dilutive and excluded from this calculation. For the three-month period ended March 31, 2018, there were no shares considered anti-dilutive and excluded from this calculation.

Stock Incentive Plans

Stock Incentive Plans	3 Months Ended
	Mar. 31, 2019
Share-based Payment Arrangement [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 262,500 shares of the Company’s common stock, as adjusted by the 5% Stock Dividend, to be issued to plan participants. 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, 2019. Share data and exercise price range per share have been adjusted to reflect the 5% Stock Dividend. Although the 2005 Plan has expired and no new grants will be issued under this plan, there were options issued before the plan expired which are still outstanding as shown below. 2005 Plan 2014 Plan Aggregate shares issuable 241,500 262,500 Options or shares issued, net of forfeited and expired options (57,019 ) (75,843 ) Cancelled due to Plan expiration (184,481 ) - Remaining available for grant - 186,657 Grants issued and outstanding: Total vested and unvested shares 1,313 63,800 Fully vested shares 1,313 - Exercise price range $ 14.37 to $ 28.76 to $ 14.37 $ 44.75 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, 2019 and 2018, the Company recognized $24 thousand and $1 thousand, respectively, in compensation expense for stock options. As of March 31, 2019, there was $382 thousand in unrecognized compensation expense remaining to be recognized in future reporting periods through 2023. Stock Options Changes in the stock options outstanding related to all of the Plans are summarized below. Share and per share data have been adjusted to reflect the 5% Stock Dividend. (Dollars in thousands except per share data): March 31, 2019 Weighted Average Aggregate Number of Options Exercise Price Intrinsic Value Outstanding at January 1, 2019 82,481 $ 38.02 $ 327 Issued - - Exercised (5,693 ) 17.90 Expired (11,675 ) 17.39 Outstanding at March 31, 2019 65,113 $ 43.48 $ 42 Options exercisable at March 31, 2019 1,313 $ 14.37 $ 32 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 2019. During 2018, stock option grants for 62,750 shares were issued. Summary information pertaining to options outstanding at March 31, 2019 is shown below. Share and per share data have been adjusted to reflect the 5% Stock Dividend. 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 1,313 3.9 Years $ 14.37 1,313 $ 14.37 $20.01 to $30.00 1,050 8.0 Years 28.76 0 - $30.01 to $40.00 - - - 0 - $40.01 to $44.75 62,750 9.1 Years 44.34 0 - Total 65,113 9.0 Years $ 43.48 1,313 $ 14.37 There was an intrinsic value of $120,000 for the options exercised during the three months ended March 31, 2019. Stock Grants On February 20, 2019, a total of 10,993 shares of stock were granted to non-employee directors and certain members of executive management for services to be provided during the year ending December 31, 2019. Based on the market price on February 20, 2019 of $38.65, the total expense for these shares will be $424 thousand which will be expensed over the twelve months of 2019 as those services are provided. As of March 31, 2019, $106 thousand of this total has been realized in stock grant expense.

Fair Value Measurements

Fair Value Measurements	3 Months Ended
	Mar. 31, 2019
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 (exit price) in the principal or most advantageous market for the asset or 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 the principal or most advantageous market for the asset or liability 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, 2019 and December 31, 2018 (dollars in thousands): Fair Value Measurements at March 31, 2019 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 $ 19,227 $ - $ 19,227 $ - Mortgage-backed securities/CMOs 24,428 - 24,428 - Municipal bonds 17,657 - 17,657 - Total securities available for sale $ 61,312 $ - $ 61,312 $ - Fair Value Measurements at December 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 $ 18,974 $ - $ 18,974 $ - Mortgage-backed securities/CMOs 25,063 - 25,063 - Municipal bonds 17,355 - 17,355 - Total securities available for sale $ 61,392 $ - $ 61,392 $ - 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: 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, 2019 and December 31, 2018, the Company had no OREO property. 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 $2.8 million as of March 31, 2019 and December 31, 2018. The impaired loans as of March 31, 2019 and December 31, 2018 requiring a valuation allowance are shown in the table below. The following table presents the balances, less associated allowance, measured at fair value on a nonrecurring basis as of March 31, 2019 and December 31, 2018 (dollars in thousands): Fair Value Measurements at March 31, 2019 Using: Quoted Prices in Active Significant Markets for Other Significant Identical Observable Unobservable Assets Inputs Inputs Description Balance (Level 1) (Level 2) (Level 3) Assets: Impaired loans Student loans purchased 1,558 - - 1,558 Total impaired loans $ 1,558 $ - $ - $ 1,558 Fair Value Measurements at December 31, 2018 Using: Quoted Prices in Active Significant Markets for Other Significant Identical Observable Unobservable Assets Inputs Inputs Description Balance (Level 1) (Level 2) (Level 3) Assets: Impaired loans Student loans purchased 1,512 - - 1,512 Total impaired loans $ 1,512 $ - $ - $ 1,512 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 company uses the exit price notion in calculating the fair values of financial instruments not measured at fair value on a recurring basis. The carrying values and estimated fair values of the Company's financial instruments as of March 31, 2019 and December 31, 2018 are as follows (dollars in thousands): Fair Value Measurement at March 31, 2019 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 $ 14,604 $ 14,604 $ - $ - $ 14,604 Available for sale securities 61,312 - 61,312 - 61,312 Loans, net 523,455 - - 506,505 506,505 Bank owned life insurance 16,900 - 16,900 - 16,900 Accrued interest receivable 2,239 - 355 1,884 2,239 Liabilities Demand deposits and interest-bearing transaction, money market, and savings accounts $ 426,741 $ - $ 426,741 $ - $ 426,741 Certificates of deposit 130,458 - 130,340 - 130,340 Accrued interest payable 337 - 337 - 337 Fair Value Measurement at December 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 $ 18,874 $ 18,874 $ - $ - $ 18,874 Available for sale securities 61,392 - 61,392 - 61,392 Loans, net 532,299 - - 514,917 514,917 Bank owned life insurance 16,790 - 16,790 - 16,790 Accrued interest receivable 2,100 - 342 1,758 2,100 Liabilities Demand deposits and interest-bearing transaction and money market accounts $ 464,002 $ - $ 464,002 $ - $ 464,002 Certificates of deposit 108,531 - 108,323 - 108,323 Accrued interest payable 243 - 243 - 243 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, 2019
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 of securities” with the corresponding income tax effect reflected as a component of income tax expense. As there were no sales of securities in the three months ended March 31, 2019 and 2018, there were no amounts reclassified out of accumulated other comprehensive income during these periods.

Segment Reporting

Segment Reporting	3 Months Ended
	Mar. 31, 2019
Segment Reporting [Abstract]
Segment Reporting	Note 9. Segment Reporting Beginning in 2019, the Company has four reportable segments. 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. The accounting policies of the segments are the same as those described in the summary of significant accounting policies provided earlier in this report. The four reportable segments are: ● Bank ● VNB Investment Services ● VNB Trust & Estate Services ● Masonry Capital A management fee for administrative and technology support services provided by the Bank is allocated to the other three lines of business previously combined under VNB Wealth. For both the three months ended March 31, 2019 and 2018, management fees totaling $25 thousand were charged by the Bank and eliminated in consolidated totals. Segment information for the three months ended March 31, 2019 and 2018 is shown in the following tables (dollars in thousands). VNB VNB Trust & Investment Estate Masonry Three months ended March 31, 2019 Bank Services Services Capital Consolidated Net interest income $ 5,568 $ - $ - $ - $ 5,568 Provision for loan losses 684 - - - 684 Noninterest income 573 136 346 4 1,059 Noninterest expense 3,799 136 307 169 4,411 Income before income taxes 1,658 - 39 (165 ) 1,532 Provision for income taxes 312 - 8 (34 ) 286 Net income $ 1,346 $ - $ 31 $ (131 ) $ 1,246 Total assets $ 635,668 NR* NR* $ 132 $ 635,800 * Not reportable. Asset information is not reported for these segments, as the assets previously allocated to VNB Wealth are reported at the Bank level subsequent to the merger of VNBTrust into the Bank effective July 1, 2018; also, assets specifically allocated to these VNB Wealth lines of business are insignificant and are no longer provided to the chief operating decision maker. Prior to January 1, 2019, Virginia National Bankshares Corporation had two reportable segments, the Bank and VNB Wealth. VNB Three months ended March 31, 2018 Bank Wealth Consolidated Net interest income $ 5,662 $ 34 $ 5,696 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

Leases

Leases	3 Months Ended
	Mar. 31, 2019
Capital Leases
Leases	Note 10. Leases On January 1, 2019, the Company adopted ASU No. 2016-02 “Leases (Topic 842)” and all subsequent ASUs that modified Topic 842. The Company elected the prospective application approach provided by ASU 2018-11 and did not adjust prior periods for ASC 842. The Company also elected certain practical expedients within the standard and consistent with such elections did not reassess whether any expired or existing contracts are or contain leases, did not reassess the lease classification for any expired or existing leases, and did not reassess any initial direct costs for existing leases. Lease payments for short-term leases are recognized as lease expense on a straight-line basis over the lease term. Payments for leases with terms longer than twelve months are included in the determination of the lease liability. The implementation of the new standard resulted in recognition of a right-of-use asset and lease liability of $4.3 million at the date of adoption, which is related to the Company’s lease of premises used in operations. The right-of-use asset and lease liability are included in other assets and other liabilities, respectively, in the Consolidated Balance Sheets. Lease liabilities represent the Company’s obligation to make lease payments and are presented at each reporting date as the net present value of the remaining contractual cash flows. Cash flows are discounted at the Company’s incremental borrowing rate in effect at the commencement date of the lease for a term similar to the length of the lease, including any probable renewal options available. Right-of-use assets represent the Company’s right to use the underlying asset for the lease term and are calculated as the sum of the lease liability and if applicable, prepaid rent, initial direct costs and any incentives received from the lessor. Each of the Company’s long-term lease agreements are classified as operating leases. Certain of these leases offer the option to extend the lease term and the Company has included such extensions in its calculation of the lease liabilities to the extent the options are reasonably assured of being exercised. The lease agreements do not provide for residual value guarantees and have no restrictions or covenants that would impact dividends or require incurring additional financial obligations. The following tables present information about the Company’s leases (dollars in thousands): March 31, 2019 Lease liability $ 4,113 Right-of-use asset $ 4,105 Weighted average remaining lease term 5.73 years Weighted average discount rate 2.82 % Three Months Ended March 31, Lease Expense 2019 2018 Operating lease expense $ 204 NR* Short-term lease expense 36 NR* Total lease expense $ 240 $ 225 Cash paid for amounts included in lease liabilities $ 196 NR* * Not reportable A maturity analysis of operating lease liabilities and reconciliation of the undiscounted cash flows to the total of operating lease liabilities is as follows (dollars in thousands): Undiscounted Cash Flow March 31, 2019 Nine months ending December 31, 2019 $ 592 Twelve months ending December 31, 2020 799 Twelve months ending December 31, 2021 807 Twelve months ending December 31, 2022 767 Twelve months ending December 31, 2023 680 Twelve months ending December 31, 2024 469 Thereafter 359 Total undiscounted cash flows $ 4,473 Less: Discount (360 ) Lease liability $ 4,113

Significant Accounting Polici_2

Significant Accounting Policies (Policies)	3 Months Ended
	Mar. 31, 2019
Accounting Policies [Abstract]
Basis of Presentation	Basis of Presentation The consolidated financial statements include the accounts of Virginia National Bankshares Corporation (the “Company”), and its subsidiaries Virginia National Bank (the “Bank”) and Masonry Capital Management, LLC (“Masonry Capital”), a registered investment adviser. Effective July 1, 2018, VNBTrust, National Association (“VNBTrust”), formerly a subsidiary of the Bank, was merged into Virginia National Bank, and the Bank continued to offer investment management, wealth advisory and trust and estate administration services under the name of VNB Wealth Management, also referred to herein as “VNB Wealth.” All references herein to VNB Wealth Management or VNB Wealth refer to VNBTrust for periods prior to July 1, 2018. In 2019, the services offered by VNB Wealth are provided by Masonry Capital or by the Bank under VNB Trust & Estate Services or VNB Investment Services. 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, 2019 are not necessarily indicative of the results that may be expected for the year ending December 31, 2019. 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, 2018. If needed, certain previously reported amounts have been reclassified to conform to current period presentation. No such reclassifications were significant.
Recent Accounting Pronouncements	Recent Accounting Pronouncements Financial Instruments – Credit Losses 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 now use forward-looking information to better inform their credit loss estimates. Many of the loss estimation techniques applied today will still be permitted, although the inputs to those techniques will change to reflect the full amount of expected credit losses. In addition, the ASU amends the accounting for credit losses on available-for-sale debt securities and purchased financial assets with credit deterioration. The amendments in this ASU are effective for SEC filers for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2019. 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 meets regularly to address the compliance requirements, data requirements and sources, and analysis efforts that are 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. Goodwill Impairment Testing 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. Disclosure Framework - Changes to the Disclosure Requirements for Fair Value Measurement In August 2018, the FASB issued ASU 2018-13, “Fair Value Measurement (Topic 820): Disclosure Framework - Changes to the Disclosure Requirements for Fair Value Measurement.” The amendments modify the disclosure requirements in Topic 820 to add disclosures regarding changes in unrealized gains and losses, the range and weighted average of significant unobservable inputs used to develop Level 3 fair value measurements and the narrative description of measurement uncertainty. Certain disclosure requirements in Topic 820 are also removed or modified. The amendments are effective for fiscal years beginning after December 15, 2019, and interim periods within those fiscal years. Certain of the amendments are to be applied prospectively while others are to be applied retrospectively. Early adoption is permitted. The Company does not expect the adoption of ASU 2018-13 to have a material impact on its consolidated financial statements.

Securities (Tables)

Securities (Tables)	3 Months Ended
	Mar. 31, 2019
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, 2019 and December 31, 2018 were as follows (dollars in thousands): March 31, 2019 Amortized Gross Unrealized Gross Unrealized Fair Cost Gains (Losses) Value U.S. Government agencies $ 19,500 $ - $ (273 ) $ 19,227 Mortgage-backed securities/CMOs 24,900 - (472 ) 24,428 Municipal bonds 17,574 118 (35 ) 17,657 Total Securities Available for Sale $ 61,974 $ 118 $ (780 ) $ 61,312 December 31, 2018 Amortized Gross Unrealized Gross Unrealized Fair Cost Gains (Losses) Value U.S. Government agencies $ 19,500 $ - $ (526 ) $ 18,974 Mortgage-backed securities/CMOs 25,901 1 (839 ) 25,063 Municipal bonds 17,608 12 (265 ) 17,355 Total Securities Available for Sale $ 63,009 $ 13 $ (1,630 ) $ 61,392
Schedule of Unrealized Losses in the Bank's Securities Portfolio	The following table summarizes all securities with unrealized losses, segregated by length of time in a continuous unrealized loss position, at March 31, 2019 and December 31, 2018 (dollars in thousands): March 31, 2019 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 $ - $ - $ 19,227 $ (273 ) $ 19,227 $ (273 ) Mortgage-backed/CMOs 308 (1 ) 24,120 (471 ) 24,428 (472 ) Municipal bonds - - 5,448 (35 ) 5,448 (35 ) $ 308 $ (1 ) $ 48,795 $ (779 ) $ 49,103 $ (780 ) December 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 $ - $ - $ 18,974 $ (526 ) $ 18,974 $ (526 ) Mortgage-backed/CMOs - - 24,657 (839 ) 24,657 (839 ) Municipal bonds 4,983 (34 ) 10,722 (231 ) 15,705 (265 ) $ 4,983 $ (34 ) $ 54,353 $ (1,596 ) $ 59,336 $ (1,630 )

Loans (Tables)

Loans (Tables)	3 Months Ended
	Mar. 31, 2019
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, 2019 and December 31, 2018 appears below (dollars in thousands). March 31, December 31, 2019 2018 Commercial Commercial and industrial - organic $ 41,075 $ 41,526 Commercial and industrial - government guaranteed 32,286 31,367 Commercial and industrial - syndicated 12,118 12,134 Total commercial and industrial 85,479 85,027 Real estate construction and land Residential construction 1,345 1,552 Commercial construction 3,439 5,078 Land and land development 10,515 10,894 Total construction and land 15,299 17,524 Real estate mortgages 1-4 family residential, first lien, investment 41,395 40,311 1-4 family residential, first lien, owner occupied 17,359 16,775 1-4 family residential, junior lien 2,852 3,169 1-4 family residential - purchased 18,563 18,647 Home equity lines of credit, first lien 8,279 8,325 Home equity lines of credit, junior lien 9,672 10,912 Farm 9,382 10,397 Multifamily 27,874 27,328 Commercial owner occupied 94,936 93,800 Commercial non-owner occupied 117,518 123,214 Total real estate mortgage 347,830 352,878 Consumer Consumer revolving credit 23,245 21,540 Consumer all other credit 4,684 5,530 Student loans purchased 51,823 54,691 Total consumer 79,752 81,761 Total loans 528,360 537,190 Less: Allowance for loan losses (4,905 ) (4,891 ) Net loans $ 523,455 $ 532,299
Schedule of Loans Classified as Impaired Loans	Following is a breakdown by class of the loans classified as impaired loans as of March 31, 2019 and December 31, 2018. 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, 2019 or the twelve months ended December 31, 2018. Interest income recognized is for the three months ended March 31, 2019 or the twelve months ended December 31, 2018. (Dollars below reported in thousands.) March 31, 2019 Unpaid Average Interest Recorded Principal Associated Recorded Income Investment Balance Allowance Investment Recognized Impaired loans without a valuation allowance: Land and land development $ 30 $ 89 $ - $ 31 $ - 1-4 family residential mortgages, first lien, owner occupied 77 124 - 79 - 1-4 family residential mortgages, junior lien 124 124 125 2 Commercial non-owner occupied real estate 915 915 - 919 12 Total impaired loans without a valuation allowance 1,146 1,252 - 1,154 14 Impaired loans with a valuation allowance Student loans purchased 1,607 1,607 49 1,607 22 Total impaired loans with a valuation allowance 1,607 1,607 49 1,607 22 Total impaired loans $ 2,753 $ 2,859 $ 49 $ 2,761 $ 36 December 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 $ 32 $ 90 $ - $ 37 $ - 1-4 family residential mortgages, first lien, owner occupied 82 127 - 90 - 1-4 family residential mortgages, junior lien 127 127 248 15 Commercial non-owner occupied real estate 923 923 - 947 51 Total impaired loans without a valuation allowance 1,164 1,267 - 1,322 66 Impaired loans with a valuation allowance Student loans purchased 1,602 1,602 90 1,387 86 Total impaired loans with a valuation allowance 1,602 1,602 90 1,387 86 Total impaired loans $ 2,766 $ 2,869 $ 90 $ 2,709 $ 152
Schedule of Impaired Loans Classified as Non-Accruals by Class	The recorded investment in non-accrual loans is shown below by class (dollars in thousands): March 31, 2019 December 31, 2018 Land and land development $ 30 $ 32 1-4 family residential mortgages, first lien, owner occupied 77 82 Student loans purchased 445 445 Commercial and industrial - organic - 56 Total nonaccrual loans $ 552 $ 615
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, 2019 December 31, 2018 No. of Recorded No. of Recorded Loans Investment Loans Investment Performing TDRs 1-4 family residential mortgages, junior lien 1 $ 124 1 $ 127 Commercial non-owner occupied real estate 1 915 1 923 Student loans purchased 63 1,162 65 1,157 Total performing TDRs 65 $ 2,201 67 $ 2,207 Nonperforming TDRs Student loans purchased 1 $ 4 1 $ 4 Land and land development 1 17 1 19 Total nonperforming TDRs 2 $ 21 2 $ 23 Total TDRs 67 $ 2,222 69 $ 2,230
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, 2019 and 2018 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, 2019 March 31, 2018 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 2 $ 55 $ 55 3 $ 79 $ 79 Total loans modified during the period 2 $ 55 $ 55 3 $ 79 $ 79

Allowance for Loan Losses (Tabl

Allowance for Loan Losses (Tables)	3 Months Ended
	Mar. 31, 2019
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, 2019 and December 31, 2018 (dollars in thousands). There were no loans rated “Doubtful” as of either period. Special Sub- March 31, 2019 Excellent Good Pass Watch Mention standard TOTAL Commercial Commercial and industrial - organic $ 3,072 $ 21,578 $ 15,965 $ 164 $ 39 $ 257 $ 41,075 Commercial and industrial - government guaranteed 32,286 - - - - - 32,286 Commercial and industrial - syndicated - - 9,579 - - 2,539 12,118 Real estate construction Residential construction - - 1,345 - - - 1,345 Commercial construction - - 3,439 - - - 3,439 Land and land development - - 9,531 493 - 491 10,515 Real estate mortgages 1-4 family residential, first lien, investment - - 37,439 3,572 115 269 41,395 1-4 family residential, first lien, owner occupied - - 16,147 1,070 10 132 17,359 1-4 family residential, junior lien - - 2,272 56 21 503 2,852 1-4 family residential, first lien - purchased - - 18,563 - - - 18,563 Home equity lines of credit, first lien - - 7,501 439 - 339 8,279 Home equity lines of credit, junior lien - - 9,465 96 - 111 9,672 Farm - - 7,721 332 - 1,329 9,382 Multifamily - - 27,874 - - - 27,874 Commercial owner occupied - - 87,991 6,945 - - 94,936 Commercial non-owner occupied - - 115,043 1,503 - 972 117,518 Consumer Consumer revolving credit 54 22,554 637 - - - 23,245 Consumer all other credit 246 3,880 527 3 - 28 4,684 Student loans purchased - - 49,520 2,082 140 81 51,823 Total Loans $ 35,658 $ 48,012 $ 420,559 $ 16,755 $ 325 $ 7,051 $ 528,360 Special Sub- December 31, 2018 Excellent Good Pass Watch Mention standard TOTAL Commercial Commercial and industrial - organic $ 3,692 $ 23,381 $ 13,993 $ 264 $ 28 $ 168 $ 41,526 Commercial and industrial - government guaranteed 31,367 - - - - - 31,367 Commercial and industrial - syndicated - - 9,588 - - 2,546 12,134 Real estate construction Residential construction - - 1,552 - - - 1,552 Commercial construction - - 5,078 - - - 5,078 Land and land development - - 9,888 501 - 505 10,894 Real estate mortgages 1-4 family residential, first lien, investment - - 36,314 3,607 117 273 40,311 1-4 family residential, first lien, owner occupied - - 15,540 1,087 11 137 16,775 1-4 family residential, junior lien - - 2,573 58 22 516 3,169 1-4 family residential, first lien - purchased - - 18,647 - - - 18,647 Home equity lines of credit, first lien - - 7,911 414 - - 8,325 Home equity lines of credit, junior lien - - 10,704 97 - 111 10,912 Farm - - 8,719 339 - 1,339 10,397 Multifamily - - 27,328 - - - 27,328 Commercial owner occupied - - 86,868 6,932 - - 93,800 Commercial non-owner occupied - - 120,720 1,519 - 975 123,214 Consumer Consumer revolving credit 44 20,852 644 - - - 21,540 Consumer all other credit 263 4,699 535 4 - 29 5,530 Student loans purchased - - 51,494 2,401 431 365 54,691 Total Loans $ 35,366 $ 48,932 $ 428,096 $ 17,223 $ 609 $ 6,964 $ 537,190
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, 2019 and the year ended December 31, 2018 appears below (dollars in thousands): Allowance for Loan Losses Rollforward by Portfolio Segment Real Estate Commercial Construction Real Estate Consumer Loans and Land Mortgages Loans Total Allowance for Loan Losses: Balance as of January 1, 2019 $ 811 $ 119 $ 2,611 $ 1,350 $ 4,891 Charge-offs - - - (709 ) (709 ) Recoveries 18 - - 21 39 Provision for (recovery of) loan losses 59 (17 ) (42 ) 684 684 Ending Balance $ 888 $ 102 $ 2,569 $ 1,346 $ 4,905 Ending Balance: Individually evaluated for impairment $ - $ - $ - $ 49 $ 49 Collectively evaluated for impairment 888 102 2,569 1,297 4,856 Loans: Individually evaluated for impairment $ - $ 30 $ 1,116 $ 1,607 $ 2,753 Collectively evaluated for impairment 85,479 15,269 346,714 78,145 525,607 Ending Balance $ 85,479 $ 15,299 $ 347,830 $ 79,752 $ 528,360 As of and for the year ended December 31, 2018 Real Estate Commercial Construction Real Estate Consumer Loans and Land Mortgages Loans Total Allowance for Loan Losses: Balance as of January 1, 2018 $ 885 $ 206 $ 2,730 $ 222 $ 4,043 Charge-offs (75 ) - - (1,022 ) (1,097 ) Recoveries 54 - 2 16 72 Provision for (recovery of) loan losses (53 ) (87 ) (121 ) 2,134 1,873 Ending Balance $ 811 $ 119 $ 2,611 $ 1,350 $ 4,891 Ending Balance: Individually evaluated for impairment $ - $ - $ - $ 90 $ 90 Collectively evaluated for impairment 811 119 2,611 1,260 4,801 Loans: Individually evaluated for impairment $ - $ 32 $ 1,132 $ 1,602 $ 2,766 Collectively evaluated for impairment 85,027 17,492 351,746 80,159 534,424 Ending Balance $ 85,027 $ 17,524 $ 352,878 $ 81,761 $ 537,190
Schedule of Aging of Past Due Loans	The following tables show the aging of past due loans as of March 31, 2019 and December 31, 2018. (Dollars below reported in thousands.) Past Due Aging as of 90 Days March 31, 2019 30-59 60-89 90 Days or Past Due Days Past Days Past More Past Total Past Total and Still Due Due Due Due Current Loans Accruing Commercial loans Commercial and industrial - organic $ - $ - $ - $ - $ 41,075 $ 41,075 $ - Commercial and industrial - government guaranteed - - 548 548 31,738 32,286 548 Commercial and industrial - syndicated - - - - 12,118 12,118 - Real estate construction and land Residential construction - - - - 1,345 1,345 - Commercial construction - - - - 3,439 3,439 - Land and land development - - - - 10,515 10,515 - Real estate mortgages 1-4 family residential, first lien, investment - - - - 41,395 41,395 - 1-4 family residential, first lien, owner occupied - - - - 17,359 17,359 - 1-4 family residential, junior lien - - - - 2,852 2,852 - 1-4 family residential - purchased . - - - 18,563 18,563 - Home equity lines of credit, first lien - - - - 8,279 8,279 - Home equity lines of credit, junior lien - - - - 9,672 9,672 - Farm - - - - 9,382 9,382 - Multifamily - - - - 27,874 27,874 - Commercial owner occupied - - - - 94,936 94,936 - Commercial non-owner occupied - - - - 117,518 117,518 - Consumer loans Consumer revolving credit - - - - 23,245 23,245 - Consumer all other credit 44 - - 44 4,640 4,684 - Student loans purchased 477 140 486 1,103 50,720 51,823 81 Total Loans $ 521 $ 140 $ 1,034 $ 1,695 $ 526,665 $ 528,360 $ 629 Past Due Aging as of 90 Days December 31, 2018 30-59 60-89 90 Days or Past Due Days Past Days Past More Past Total Past Total and Still Due Due Due Due Current Loans Accruing Commercial loans Commercial and industrial - organic $ 50 $ 172 $ - $ 222 $ 41,304 $ 41,526 $ - Commercial and industrial - government guaranteed - - 548 548 30,819 31,367 548 Commercial and industrial - syndicated - - - - 12,134 12,134 - Real estate construction and land Residential construction - - - - 1,552 1,552 - Commercial construction - - - - 5,078 5,078 - Land and land development 1 - 15 16 10,878 10,894 15 Real estate mortgages 1-4 family residential, first lien, investment - - - - 40,311 40,311 - 1-4 family residential, first lien, owner occupied - - - - 16,775 16,775 - 1-4 family residential, junior lien - - - - 3,169 3,169 - 1-4 family residential - purchased 954 - - 954 17,693 18,647 - Home equity lines of credit, first lien - - - - 8,325 8,325 - Home equity lines of credit, junior lien - - - - 10,912 10,912 - Farm - - - - 10,397 10,397 - Multifamily - - - - 27,328 27,328 - Commercial owner occupied - - - - 93,800 93,800 - Commercial non-owner occupied 75 - - 75 123,139 123,214 - Consumer loans Consumer revolving credit - - - - 21,540 21,540 - Consumer all other credit 4 599 - 603 4,927 5,530 - Student loans purchased 850 463 754 2,067 52,624 54,691 332 Total Loans $ 1,934 $ 1,234 $ 1,317 $ 4,485 $ 532,705 $ 537,190 $ 895

Net Income Per Share (Tables)

Net Income Per Share (Tables)	3 Months Ended
	Mar. 31, 2019
Earnings Per Share [Abstract]
Schedule of weighted average number of shares used in computing earnings per share	For the following table, share and per share data have been adjusted to reflect the 5% Stock Dividend. 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, 2019 and 2018. 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, 2019 March 31, 2018 Weighted Per Weighted Per Average Share Average Share Net Income Shares Amount Net Income Shares Amount Basic net income per share $ 1,246 2,550,785 $ 0.49 $ 2,796 2,534,799 $ 1.10 Effect of dilutive stock options - 8,489 0.00 - 20,181 (0.01 ) Diluted net income per share $ 1,246 2,559,274 $ 0.49 $ 2,796 2,554,980 $ 1.09

Stock Incentive Plans (Tables)

Stock Incentive Plans (Tables)	3 Months Ended
	Mar. 31, 2019
Share-based Payment Arrangement [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, 2019. Share data and exercise price range per share have been adjusted to reflect the 5% Stock Dividend. Although the 2005 Plan has expired and no new grants will be issued under this plan, there were options issued before the plan expired which are still outstanding as shown below. 2005 Plan 2014 Plan Aggregate shares issuable 241,500 262,500 Options or shares issued, net of forfeited and expired options (57,019 ) (75,843 ) Cancelled due to Plan expiration (184,481 ) - Remaining available for grant - 186,657 Grants issued and outstanding: Total vested and unvested shares 1,313 63,800 Fully vested shares 1,313 - Exercise price range $ 14.37 to $ 28.76 to $ 14.37 $ 44.75
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 adjusted to reflect the 5% Stock Dividend. (Dollars in thousands except per share data): March 31, 2019 Weighted Average Aggregate Number of Options Exercise Price Intrinsic Value Outstanding at January 1, 2019 82,481 $ 38.02 $ 327 Issued - - Exercised (5,693 ) 17.90 Expired (11,675 ) 17.39 Outstanding at March 31, 2019 65,113 $ 43.48 $ 42 Options exercisable at March 31, 2019 1,313 $ 14.37 $ 32
Schedule of Options Outstanding and Exercisable, by Exercise Price Range	Summary information pertaining to options outstanding at March 31, 2019 is shown below. Share and per share data have been adjusted to reflect the 5% Stock Dividend. 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 1,313 3.9 Years $ 14.37 1,313 $ 14.37 $20.01 to $30.00 1,050 8.0 Years 28.76 0 - $30.01 to $40.00 - - - 0 - $40.01 to $44.75 62,750 9.1 Years 44.34 0 - Total 65,113 9.0 Years $ 43.48 1,313 $ 14.37

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	3 Months Ended
	Mar. 31, 2019
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, 2019 and December 31, 2018 (dollars in thousands): Fair Value Measurements at March 31, 2019 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 $ 19,227 $ - $ 19,227 $ - Mortgage-backed securities/CMOs 24,428 - 24,428 - Municipal bonds 17,657 - 17,657 - Total securities available for sale $ 61,312 $ - $ 61,312 $ - Fair Value Measurements at December 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 $ 18,974 $ - $ 18,974 $ - Mortgage-backed securities/CMOs 25,063 - 25,063 - Municipal bonds 17,355 - 17,355 - Total securities available for sale $ 61,392 $ - $ 61,392 $ -
Schedule of Measured Fair value on Nonrecurring Basis	The following table presents the balances, less associated allowance, measured at fair value on a nonrecurring basis as of March 31, 2019 and December 31, 2018 (dollars in thousands): Fair Value Measurements at March 31, 2019 Using: Quoted Prices in Active Significant Markets for Other Significant Identical Observable Unobservable Assets Inputs Inputs Description Balance (Level 1) (Level 2) (Level 3) Assets: Impaired loans Student loans purchased 1,558 - - 1,558 Total impaired loans $ 1,558 $ - $ - $ 1,558 Fair Value Measurements at December 31, 2018 Using: Quoted Prices in Active Significant Markets for Other Significant Identical Observable Unobservable Assets Inputs Inputs Description Balance (Level 1) (Level 2) (Level 3) Assets: Impaired loans Student loans purchased 1,512 - - 1,512 Total impaired loans $ 1,512 $ - $ - $ 1,512
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, 2019 and December 31, 2018 are as follows (dollars in thousands): Fair Value Measurement at March 31, 2019 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 $ 14,604 $ 14,604 $ - $ - $ 14,604 Available for sale securities 61,312 - 61,312 - 61,312 Loans, net 523,455 - - 506,505 506,505 Bank owned life insurance 16,900 - 16,900 - 16,900 Accrued interest receivable 2,239 - 355 1,884 2,239 Liabilities Demand deposits and interest-bearing transaction, money market, and savings accounts $ 426,741 $ - $ 426,741 $ - $ 426,741 Certificates of deposit 130,458 - 130,340 - 130,340 Accrued interest payable 337 - 337 - 337 Fair Value Measurement at December 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 $ 18,874 $ 18,874 $ - $ - $ 18,874 Available for sale securities 61,392 - 61,392 - 61,392 Loans, net 532,299 - - 514,917 514,917 Bank owned life insurance 16,790 - 16,790 - 16,790 Accrued interest receivable 2,100 - 342 1,758 2,100 Liabilities Demand deposits and interest-bearing transaction and money market accounts $ 464,002 $ - $ 464,002 $ - $ 464,002 Certificates of deposit 108,531 - 108,323 - 108,323 Accrued interest payable 243 - 243 - 243

Segment Reporting (Tables)

Segment Reporting (Tables)	3 Months Ended
	Mar. 31, 2019
Segment Reporting [Abstract]
Schedule of segment reporting information	Segment information for the three months ended March 31, 2019 and 2018 is shown in the following tables (dollars in thousands). VNB VNB Trust & Investment Estate Masonry Three months ended March 31, 2019 Bank Services Services Capital Consolidated Net interest income $ 5,568 $ - $ - $ - $ 5,568 Provision for loan losses 684 - - - 684 Noninterest income 573 136 346 4 1,059 Noninterest expense 3,799 136 307 169 4,411 Income before income taxes 1,658 - 39 (165 ) 1,532 Provision for income taxes 312 - 8 (34 ) 286 Net income $ 1,346 $ - $ 31 $ (131 ) $ 1,246 Total assets $ 635,668 NR* NR* $ 132 $ 635,800 * Not reportable. Asset information is not reported for these segments, as the assets previously allocated to VNB Wealth are reported at the Bank level subsequent to the merger of VNBTrust into the Bank effective July 1, 2018; also, assets specifically allocated to these VNB Wealth lines of business are insignificant and are no longer provided to the chief operating decision maker. Prior to January 1, 2019, Virginia National Bankshares Corporation had two reportable segments, the Bank and VNB Wealth. VNB Three months ended March 31, 2018 Bank Wealth Consolidated Net interest income $ 5,662 $ 34 $ 5,696 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

Leases (Tables)

Leases (Tables)	3 Months Ended
	Mar. 31, 2019
Leases [Abstract]
Schedule of Operating Lease Liability	The following tables present information about the Company’s leases (dollars in thousands): March 31, 2019 Lease liability $ 4,113 Right-of-use asset $ 4,105 Weighted average remaining lease term 5.73 years Weighted average discount rate 2.82 %
Schedule of Operating Lease Expense	Three Months Ended March 31, Lease Expense 2019 2018 Operating lease expense $ 204 NR* Short-term lease expense 36 NR* Total lease expense $ 240 $ 225 Cash paid for amounts included in lease liabilities $ 196 NR* * Not reportable
Schedule of Operating Lease Liabilities And Reconciliation of Undiscounted Cash Flows	A maturity analysis of operating lease liabilities and reconciliation of the undiscounted cash flows to the total of operating lease liabilities is as follows (dollars in thousands): Undiscounted Cash Flow March 31, 2019 Nine months ending December 31, 2019 $ 592 Twelve months ending December 31, 2020 799 Twelve months ending December 31, 2021 807 Twelve months ending December 31, 2022 767 Twelve months ending December 31, 2023 680 Twelve months ending December 31, 2024 469 Thereafter 359 Total undiscounted cash flows $ 4,473 Less: Discount (360 ) Lease liability $ 4,113

Securities (Narrative) (Details

Securities (Narrative) (Details) $ in Thousands	3 Months Ended
	Mar. 31, 2019USD ($)item	Dec. 31, 2018USD ($)
Schedule of Investments [Line Items]
Number of securities designated as available for sale securities having unrealized loss | item	40
Securities pledged to secure deposits and for other purposes required by law	$ 5,000	$ 18,000
Restricted securities, at cost	1,684	1,683	[1]
Available-for-sale Securities, Continuous Unrealized Loss Position, Fair Value	49,103	59,336
Unrealized loss of available for sale securities	$ 780	1,630
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	$ 24,428	24,657
Unrealized loss of available for sale securities	$ 472	839
Municipal bonds [Member]
Schedule of Investments [Line Items]
Number of securities designated as available for sale securities having unrealized loss | item	8
Available-for-sale Securities, Continuous Unrealized Loss Position, Fair Value	$ 5,448	15,705
Unrealized loss of available for sale securities	$ 35	265
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	$ 19,227	18,974
Unrealized loss of available for sale securities	$ 273	$ 526
[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, 2019	Dec. 31, 2018
Available for Sale
Amortized Cost	$ 61,974	$ 63,009
Gross Unrealized Gains	118	13
Gross Unrealized (Losses)	(780)	(1,630)
Available for Sale, Fair Value	61,312	61,392	[1]
U.S. Government agencies [Member]
Available for Sale
Amortized Cost	19,500	19,500
Gross Unrealized Gains
Gross Unrealized (Losses)	(273)	(526)
Available for Sale, Fair Value	19,227	18,974
Mortgage-backed securities/CMOs [Member]
Available for Sale
Amortized Cost	24,900	25,901
Gross Unrealized Gains		1
Gross Unrealized (Losses)	(472)	(839)
Available for Sale, Fair Value	24,428	25,063
Municipal bonds [Member]
Available for Sale
Amortized Cost	17,574	17,608
Gross Unrealized Gains	118	12
Gross Unrealized (Losses)	(35)	(265)
Available for Sale, Fair Value	$ 17,657	$ 17,355
[1]	Derived from audited Consolidated Financial Statements

Securities (Schedule of Unreali

Securities (Schedule of Unrealized Losses) (Details) - USD ($) $ in Thousands	Mar. 31, 2019	Dec. 31, 2018
Debt Securities, Available-for-sale [Line Items]
Continuous Unrealized Loss Position of Less Than 12 Months, Estimated Fair value	$ 308	$ 4,983
Continuous Unrealized Loss Position of 12 Months or More, Estimated Fair value	48,795	54,353
Total, Estimated Fair value	49,103	59,336
Continuous Unrealized Loss Position of Less Than 12 Months, Unrealized losses	(1)	(34)
Continuous Unrealized Loss Position of 12 Months or More, Unrealized losses	(779)	(1,596)
Total, Unrealized losses	(780)	(1,630)
U.S. Government agencies [Member]
Debt Securities, Available-for-sale [Line Items]
Continuous Unrealized Loss Position of Less Than 12 Months, Estimated Fair value
Continuous Unrealized Loss Position of 12 Months or More, Estimated Fair value	19,227	18,974
Total, Estimated Fair value	19,227	18,974
Continuous Unrealized Loss Position of Less Than 12 Months, Unrealized losses
Continuous Unrealized Loss Position of 12 Months or More, Unrealized losses	(273)	(526)
Total, Unrealized losses	(273)	(526)
Mortgage-backed securities/CMOs [Member]
Debt Securities, Available-for-sale [Line Items]
Continuous Unrealized Loss Position of Less Than 12 Months, Estimated Fair value	308
Continuous Unrealized Loss Position of 12 Months or More, Estimated Fair value	24,120	24,657
Total, Estimated Fair value	24,428	24,657
Continuous Unrealized Loss Position of Less Than 12 Months, Unrealized losses	(1)
Continuous Unrealized Loss Position of 12 Months or More, Unrealized losses	(471)	(839)
Total, Unrealized losses	(472)	(839)
Municipal bonds [Member]
Debt Securities, Available-for-sale [Line Items]
Continuous Unrealized Loss Position of Less Than 12 Months, Estimated Fair value		4,983
Continuous Unrealized Loss Position of 12 Months or More, Estimated Fair value	5,448	10,722
Total, Estimated Fair value	5,448	15,705
Continuous Unrealized Loss Position of Less Than 12 Months, Unrealized losses		(34)
Continuous Unrealized Loss Position of 12 Months or More, Unrealized losses	(35)	(231)
Total, Unrealized losses	$ (35)	$ (265)

Loans (Narrative) (Details)

Loans (Narrative) (Details) $ in Thousands	3 Months Ended		12 Months Ended
	Mar. 31, 2019USD ($)item	Mar. 31, 2018item	Dec. 31, 2018USD ($)
Number of Loans	2	3
Unamortized premium	$ 2,500		$ 2,500
Net deferred loan costs	99		129
Charged off	$ 709		$ 1,097
Student Loans Purchased [Member]
Number of Loans	2	3
Charged off	$ 33
Student Loans Purchased [Member] | Performing [Member]
Number of Loans | item	62
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, 2019	Dec. 31, 2018
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans	$ 528,360	$ 537,190	[1]
Less: Allowance for loan losses	(4,905)	(4,891)	[1]
Loans, net	523,455	532,299	[1]
Commercial and industrial - organic [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans	41,075	41,526
Commercial and industrial - government guaranteed [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans	32,286	31,367
Commercial and industrial - syndicated [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans	12,118	12,134
Commercial Loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans	85,479	85,027
Residential construction [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans	1,345	1,552
Commercial construction [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans	3,439	5,078
Land and land development [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans	10,515	10,894
Real Estate Construction and Land [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans	15,299	17,524
1-4 family residential, first lien, investment [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans	41,395	40,311
1-4 family residential, first lien, owner occupied [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans	17,359	16,775
1-4 family residential, junior lien [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans	2,852	3,169
1-4 family residential - purchased [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans	18,563	18,647
Home equity lines of credit, first lien [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans	8,279	8,325
Home equity lines of credit, junior lien [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans	9,672	10,912
Farm [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans	9,382	10,397
Multifamily [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans	27,874	27,328
Commercial owner occupied [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans	94,936	93,800
Commercial non-owner occupied [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans	117,518	123,214
Real Estate Mortgages [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans	347,830	352,878
Consumer revolving credit [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans	23,245	21,540
Consumer all other credit [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans	4,684	5,530
Student Loans Purchased [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans	51,823	54,691
Consumer Loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans	$ 79,752	$ 81,761
[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, 2019	Dec. 31, 2018
Financing Receivable, Impaired [Line Items]
Recorded Investment, without a valuation allowance	$ 1,146	$ 1,164
Unpaid Principal Balance, without a valuation allowance	1,252	1,267
Associated Allowance, without a valuation allowance
Average Recorded Investment, without a valuation allowance	1,154	1,322
Interest Income Recognized, without a valuation allowance	14	66
Recorded Investment, total	2,753	2,766
Unpaid Principal Balance, total	2,859	2,869
Associated Allowance, total	49	90
Average Recorded Investment, total	2,761	2,709
Interest Income Recognized, total	36	152
Land and land development [Member]
Financing Receivable, Impaired [Line Items]
Recorded Investment, without a valuation allowance	3	32
Unpaid Principal Balance, without a valuation allowance	89	90
Associated Allowance, without a valuation allowance
Average Recorded Investment, without a valuation allowance	31	37
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	77	82
Unpaid Principal Balance, without a valuation allowance	124	127
Associated Allowance, without a valuation allowance
Average Recorded Investment, without a valuation allowance	79	90
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	124	127
Unpaid Principal Balance, without a valuation allowance	124	127
Associated Allowance, without a valuation allowance
Average Recorded Investment, without a valuation allowance	125	248
Interest Income Recognized, without a valuation allowance	2	15
Commercial non-owner occupied [Member]
Financing Receivable, Impaired [Line Items]
Recorded Investment, without a valuation allowance	915	923
Unpaid Principal Balance, without a valuation allowance	915	923
Associated Allowance, without a valuation allowance
Average Recorded Investment, without a valuation allowance	919	947
Interest Income Recognized, without a valuation allowance	12	51
Student Loans Purchased [Member]
Financing Receivable, Impaired [Line Items]
Recorded Investment, with a valuation allowance	1,607	1,602
Unpaid Principal Balance, with a valuation allowance	1,607	1,602
Associated Allowance, with a valuation allowance	49	90
Average Recorded Investment, with a valuation allowance	1,607	1,387
Interest Income Recognized, with a valuation allowance	22	86
Impaired loans with a valuation allowance [Member]
Financing Receivable, Impaired [Line Items]
Recorded Investment, with a valuation allowance	1,607	1,602
Unpaid Principal Balance, with a valuation allowance	1,607	1,602
Associated Allowance, with a valuation allowance	49	90
Average Recorded Investment, with a valuation allowance	1,607	1,387
Interest Income Recognized, with a valuation allowance	$ 22	$ 86

Loans (Non-Accrual Loans by Loa

Loans (Non-Accrual Loans by Loan Classification) (Details) - USD ($) $ in Thousands	Mar. 31, 2019	Dec. 31, 2018
Financing Receivable, Credit Quality Indicator [Line Items]
Total nonaccrual loans	$ 552	$ 615
Land and land development [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Total nonaccrual loans	30	32
1-4 family residential, first lien, owner occupied [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Total nonaccrual loans	77	82
Student Loans Purchased [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Total nonaccrual loans	445	445
Commercial and industrial - organic [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Total nonaccrual loans		$ 56

Loans (Schedule of Troubled Deb

Loans (Schedule of Troubled Debt Restructurings) (Details) $ in Thousands	Mar. 31, 2019USD ($)item	Dec. 31, 2018USD ($)item
Financing Receivable, Credit Quality Indicator [Line Items]
Number of loans	67	69
Total Troubled Debt Restructurings	$ 2,222	$ 2,230
Performing [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Number of loans	65	67
Total Troubled Debt Restructurings	$ 2,201	$ 2,207
Performing [Member] | 1-4 family residential, junior lien [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Number of loans	1	1
Total Troubled Debt Restructurings	$ 124	$ 127
Performing [Member] | Commercial non-owner occupied [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Number of loans	1	1
Total Troubled Debt Restructurings	$ 915	$ 923
Performing [Member] | Student Loans Purchased [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Number of loans	63	65
Total Troubled Debt Restructurings	$ 1,162	$ 1,157
Nonperforming [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Number of loans | item	2	2
Total Troubled Debt Restructurings	$ 21	$ 23
Nonperforming [Member] | Student Loans Purchased [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Number of loans | item	1	1
Total Troubled Debt Restructurings	$ 4	$ 4
Nonperforming [Member] | Land and land development [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Number of loans	1	1
Total Troubled Debt Restructurings	$ 17	$ 19

Loans (Schedule of Loans Modifi

Loans (Schedule of Loans Modified Under the Terms of a TDR) (Details) $ in Thousands	3 Months Ended
	Mar. 31, 2019USD ($)	Mar. 31, 2018USD ($)item
Financing Receivable, Troubled Debt Restructuring [Line Items]
Number of Loans	2	3
Pre-Modification Recorded Balance	$ 55	$ 79
Post-Modification Recorded Balance	$ 55	$ 79
Student Loans Purchased [Member]
Financing Receivable, Troubled Debt Restructuring [Line Items]
Number of Loans	2	3
Pre-Modification Recorded Balance	$ 55	$ 79
Post-Modification Recorded Balance	$ 55	$ 79

Allowance for Loan Losses (Narr

Allowance for Loan Losses (Narrative) (Details) - USD ($) $ in Thousands	Mar. 31, 2019	Dec. 31, 2018
Allowance for Loan Losses [Abstract]
Impaired loans	$ 2,753	$ 2,766

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, 2019	Dec. 31, 2018
Financing Receivable, Credit Quality Indicator [Line Items]
Loans	$ 528,360	$ 537,190	[1]
Excellent [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Loans	35,658	35,366
Good [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Loans	48,012	48,932
Pass [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Loans	420,559	428,096
Watch [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Loans	16,755	17,223
Special Mention [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Loans	325	609
Substandard [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Loans	7,051	6,964
Commercial and industrial - organic [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Loans	41,075	41,526
Commercial and industrial - organic [Member] | Excellent [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Loans	3,072	3,692
Commercial and industrial - organic [Member] | Good [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Loans	21,578	23,381
Commercial and industrial - organic [Member] | Pass [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Loans	15,965	13,993
Commercial and industrial - organic [Member] | Watch [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Loans	164	264
Commercial and industrial - organic [Member] | Special Mention [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Loans	39	28
Commercial and industrial - organic [Member] | Substandard [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Loans	257	168
Commercial and industrial - government guaranteed [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Loans	32,286	31,367
Commercial and industrial - government guaranteed [Member] | Excellent [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Loans	32,286	31,367
Commercial and industrial - government guaranteed [Member] | Good [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Loans
Commercial and industrial - government guaranteed [Member] | Pass [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Loans
Commercial and industrial - government guaranteed [Member] | Watch [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Loans
Commercial and industrial - government guaranteed [Member] | Special Mention [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Loans
Commercial and industrial - government guaranteed [Member] | Substandard [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Loans
Commercial and industrial - syndicated [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Loans	12,118	12,134
Commercial and industrial - syndicated [Member] | Excellent [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Loans
Commercial and industrial - syndicated [Member] | Good [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Loans
Commercial and industrial - syndicated [Member] | Pass [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Loans	9,579	9,588
Commercial and industrial - syndicated [Member] | Watch [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Loans
Commercial and industrial - syndicated [Member] | Special Mention [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Loans
Commercial and industrial - syndicated [Member] | Substandard [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Loans	2,539	2,546
Residential construction [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Loans	1,345	1,552
Residential construction [Member] | Excellent [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Loans
Residential construction [Member] | Good [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Loans
Residential construction [Member] | Pass [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Loans	1,345	1,552
Residential construction [Member] | Watch [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Loans
Residential construction [Member] | Special Mention [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Loans
Residential construction [Member] | Substandard [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Loans
Commercial construction [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Loans	3,439	5,078
Commercial construction [Member] | Excellent [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Loans
Commercial construction [Member] | Good [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Loans
Commercial construction [Member] | Pass [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Loans	3,439	5,078
Commercial construction [Member] | Watch [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Loans
Commercial construction [Member] | Special Mention [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Loans
Commercial construction [Member] | Substandard [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Loans
Land and land development [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Loans	10,515	10,894
Land and land development [Member] | Excellent [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Loans
Land and land development [Member] | Good [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Loans
Land and land development [Member] | Pass [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Loans	9,531	9,888
Land and land development [Member] | Watch [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Loans	493	501
Land and land development [Member] | Special Mention [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Loans
Land and land development [Member] | Substandard [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Loans	491	505
1-4 family residential, first lien, investment [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Loans	41,395	40,311
1-4 family residential, first lien, investment [Member] | Excellent [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Loans
1-4 family residential, first lien, investment [Member] | Good [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Loans
1-4 family residential, first lien, investment [Member] | Pass [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Loans	37,439	36,314
1-4 family residential, first lien, investment [Member] | Watch [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Loans	3,572	3,607
1-4 family residential, first lien, investment [Member] | Special Mention [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Loans	115	117
1-4 family residential, first lien, investment [Member] | Substandard [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Loans	269	273
1-4 family residential, first lien, owner occupied [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Loans	17,359	16,775
1-4 family residential, first lien, owner occupied [Member] | Excellent [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Loans
1-4 family residential, first lien, owner occupied [Member] | Good [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Loans
1-4 family residential, first lien, owner occupied [Member] | Pass [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Loans	16,147	15,540
1-4 family residential, first lien, owner occupied [Member] | Watch [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Loans	1,070	1,087
1-4 family residential, first lien, owner occupied [Member] | Special Mention [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Loans	10	11
1-4 family residential, first lien, owner occupied [Member] | Substandard [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Loans	132	137
1-4 family residential, junior lien [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Loans	2,852	3,169
1-4 family residential, junior lien [Member] | Excellent [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Loans
1-4 family residential, junior lien [Member] | Good [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Loans
1-4 family residential, junior lien [Member] | Pass [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Loans	2,272	2,573
1-4 family residential, junior lien [Member] | Watch [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Loans	56	58
1-4 family residential, junior lien [Member] | Special Mention [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Loans	21	22
1-4 family residential, junior lien [Member] | Substandard [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Loans	503	516
Home equity lines of credit, first lien [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Loans	8,279	8,325
Home equity lines of credit, first lien [Member] | Excellent [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Loans
Home equity lines of credit, first lien [Member] | Good [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Loans
Home equity lines of credit, first lien [Member] | Pass [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Loans	7,501	7,911
Home equity lines of credit, first lien [Member] | Watch [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Loans	439	414
Home equity lines of credit, first lien [Member] | Special Mention [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Loans
Home equity lines of credit, first lien [Member] | Substandard [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Loans	339
Home equity lines of credit, junior lien [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Loans	9,672	10,912
Home equity lines of credit, junior lien [Member] | Excellent [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Loans
Home equity lines of credit, junior lien [Member] | Good [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Loans
Home equity lines of credit, junior lien [Member] | Pass [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Loans	9,465	10,704
Home equity lines of credit, junior lien [Member] | Watch [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Loans	96	97
Home equity lines of credit, junior lien [Member] | Special Mention [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Loans
Home equity lines of credit, junior lien [Member] | Substandard [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Loans	111	111
Farm [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Loans	9,382	10,397
Farm [Member] | Excellent [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Loans
Farm [Member] | Good [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Loans
Farm [Member] | Pass [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Loans	7,721	8,719
Farm [Member] | Watch [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Loans	332	339
Farm [Member] | Special Mention [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Loans
Farm [Member] | Substandard [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Loans	1,329	1,339
Multifamily [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Loans	27,874	27,328
Multifamily [Member] | Excellent [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Loans
Multifamily [Member] | Good [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Loans
Multifamily [Member] | Pass [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Loans	27,874	27,328
Multifamily [Member] | Watch [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Loans
Multifamily [Member] | Special Mention [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Loans
Multifamily [Member] | Substandard [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Loans
Commercial owner occupied [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Loans	94,936	93,800
Commercial owner occupied [Member] | Excellent [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Loans
Commercial owner occupied [Member] | Good [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Loans
Commercial owner occupied [Member] | Pass [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Loans	87,991	86,868
Commercial owner occupied [Member] | Watch [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Loans	6,945	6,932
Commercial owner occupied [Member] | Special Mention [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Loans
Commercial owner occupied [Member] | Substandard [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Loans
Commercial non-owner occupied [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Loans	117,518	123,214
Commercial non-owner occupied [Member] | Excellent [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Loans
Commercial non-owner occupied [Member] | Good [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Loans
Commercial non-owner occupied [Member] | Pass [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Loans	115,043	120,720
Commercial non-owner occupied [Member] | Watch [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Loans	1,503	1,519
Commercial non-owner occupied [Member] | Special Mention [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Loans
Commercial non-owner occupied [Member] | Substandard [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Loans	972	975
Consumer revolving credit [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Loans	23,245	21,540
Consumer revolving credit [Member] | Excellent [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Loans	54	44
Consumer revolving credit [Member] | Good [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Loans	22,554	20,852
Consumer revolving credit [Member] | Pass [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Loans	637	644
Consumer revolving credit [Member] | Watch [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Loans
Consumer revolving credit [Member] | Special Mention [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Loans
Consumer revolving credit [Member] | Substandard [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Loans
Consumer all other credit [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Loans	4,684	5,530
Consumer all other credit [Member] | Excellent [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Loans	246	263
Consumer all other credit [Member] | Good [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Loans	3,880	4,699
Consumer all other credit [Member] | Pass [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Loans	527	535
Consumer all other credit [Member] | Watch [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Loans	3	4
Consumer all other credit [Member] | Special Mention [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Loans
Consumer all other credit [Member] | Substandard [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Loans	28	29
Student Loans Purchased [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Loans	51,823	54,691
Student Loans Purchased [Member] | Excellent [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Loans
Student Loans Purchased [Member] | Good [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Loans
Student Loans Purchased [Member] | Pass [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Loans	49,520	51,494
Student Loans Purchased [Member] | Watch [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Loans	2,082	2,401
Student Loans Purchased [Member] | Special Mention [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Loans	140	431
Student Loans Purchased [Member] | Substandard [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Loans	81	365
1-4 family residential, first lien - purchased [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Loans	18,563	18,647
1-4 family residential, first lien - purchased [Member] | Excellent [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Loans
1-4 family residential, first lien - purchased [Member] | Good [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Loans
1-4 family residential, first lien - purchased [Member] | Pass [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Loans	18,563	18,647
1-4 family residential, first lien - purchased [Member] | Watch [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Loans
1-4 family residential, first lien - purchased [Member] | Special Mention [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Loans
1-4 family residential, first lien - purchased [Member] | Substandard [Member]
Financing Receivable, Credit Quality Indicator [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, 2019	Mar. 31, 2018	Dec. 31, 2018
Allowance for loan losses:
Beginning Balance	$ 4,891	$ 4,043	$ 4,043
Charge-offs	(709)		(1,097)
Recoveries	39		72
Provision for (recovery of) loan losses	684	(96)	1,873
Ending Balance	4,905		4,891
Ending balance: Individually evaluated for impairment	49		90
Ending balance: Collectively evaluated for impairment	4,856		4,801
Loans:
Individually evaluated for impairment	2,753		2,766
Collectively evaluated for impairment	25,607		534,424
Ending Balance	528,360		537,190	[1]
Commercial Loans [Member]
Allowance for loan losses:
Beginning Balance	811	885	885
Charge-offs			(75)
Recoveries	18		54
Provision for (recovery of) loan losses	59		(53)
Ending Balance	888		811
Ending balance: Individually evaluated for impairment
Ending balance: Collectively evaluated for impairment	888		811
Loans:
Individually evaluated for impairment
Collectively evaluated for impairment	85,479		85,027
Ending Balance	85,479		85,027
Real Estate Construction and Land [Member]
Allowance for loan losses:
Beginning Balance	119	206	206
Charge-offs
Recoveries
Provision for (recovery of) loan losses	(17)		(87)
Ending Balance	102		119
Ending balance: Individually evaluated for impairment
Ending balance: Collectively evaluated for impairment	102		119
Loans:
Individually evaluated for impairment	30		32
Collectively evaluated for impairment	15,269		17,492
Ending Balance	15,299		17,524
Real Estate Mortgages [Member]
Allowance for loan losses:
Beginning Balance	2,611	2,730	2,730
Charge-offs
Recoveries			2
Provision for (recovery of) loan losses	(42)		(121)
Ending Balance	2,569		2,611
Ending balance: Individually evaluated for impairment
Ending balance: Collectively evaluated for impairment	2,569		2,611
Loans:
Individually evaluated for impairment	1,116		1,132
Collectively evaluated for impairment	46,714		351,746
Ending Balance	347,830		352,878
Consumer Loans [Member]
Allowance for loan losses:
Beginning Balance	1,350	$ 222	222
Charge-offs	(709)		(1,022)
Recoveries	21		16
Provision for (recovery of) loan losses	684		2,134
Ending Balance	1,346		1,350
Ending balance: Individually evaluated for impairment	49		90
Ending balance: Collectively evaluated for impairment	1,297		1,260
Loans:
Individually evaluated for impairment	1,607		1,602
Collectively evaluated for impairment	78,145		80,159
Ending Balance	$ 79,752		$ 81,761
[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, 2019	Dec. 31, 2018
Past Due and Non-Accrual Loans
Total Past Due	$ 1,695	$ 4,485
Current	526,665	532,705
Total Loans	528,360	537,190	[1]
90 Days Past Due and Still Accruing	629	895
30-59 Days Past Due [Member]
Past Due and Non-Accrual Loans
Total Past Due	521	1,934
60-89 Days Past Due [Member]
Past Due and Non-Accrual Loans
Total Past Due	140	1,234
90 Days or More Past Due [Member]
Past Due and Non-Accrual Loans
Total Past Due	1,034	1,317
Commercial and industrial - organic [Member]
Past Due and Non-Accrual Loans
Total Past Due		222
Current	41,075	41,304
Total Loans	41,075	41,526
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		50
Commercial and industrial - organic [Member] | 60-89 Days Past Due [Member]
Past Due and Non-Accrual Loans
Total Past Due		172
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	548	548
Current	31,738	30,819
Total Loans	32,286	31,367
90 Days Past Due and Still Accruing	548	548
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	548	548
Commercial and industrial - syndicated [Member]
Past Due and Non-Accrual Loans
Total Past Due
Current	12,118	12,134
Total Loans	12,118	12,134
90 Days Past Due and Still Accruing
Commercial and industrial - syndicated [Member] | 30-59 Days Past Due [Member]
Past Due and Non-Accrual Loans
Total Past Due
Commercial and industrial - syndicated [Member] | 60-89 Days Past Due [Member]
Past Due and Non-Accrual Loans
Total Past Due
Commercial and industrial - syndicated [Member] | 90 Days or More Past Due [Member]
Past Due and Non-Accrual Loans
Total Past Due
Residential construction [Member]
Past Due and Non-Accrual Loans
Total Past Due
Current	1,345	1,552
Total Loans	1,345	1,552
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	3,439	5,078
Total Loans	3,439	5,078
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		16
Current	10,515	10,878
Total Loans	10,515	10,894
90 Days Past Due and Still Accruing		15
Land and land development [Member] | 30-59 Days Past Due [Member]
Past Due and Non-Accrual Loans
Total Past Due		1
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		15
1-4 family residential, first lien, investment [Member]
Past Due and Non-Accrual Loans
Total Past Due
Current	41,395	40,311
Total Loans	41,395	40,311
90 Days Past Due and Still Accruing
1-4 family residential, first lien, investment [Member] | 30-59 Days Past Due [Member]
Past Due and Non-Accrual Loans
Total Past Due
1-4 family residential, first lien, investment [Member] | 60-89 Days Past Due [Member]
Past Due and Non-Accrual Loans
Total Past Due
1-4 family residential, first lien, investment [Member] | 90 Days or More Past Due [Member]
Past Due and Non-Accrual Loans
Total Past Due
1-4 family residential, first lien, owner occupied [Member]
Past Due and Non-Accrual Loans
Total Past Due
Current	17,359	16,775
Total Loans	17,359	16,775
90 Days Past Due and Still Accruing
1-4 family residential, first lien, owner occupied [Member] | 30-59 Days Past Due [Member]
Past Due and Non-Accrual Loans
Total Past Due
1-4 family residential, first lien, owner occupied [Member] | 60-89 Days Past Due [Member]
Past Due and Non-Accrual Loans
Total Past Due
1-4 family residential, first lien, owner occupied [Member] | 90 Days or More Past Due [Member]
Past Due and Non-Accrual Loans
Total Past Due
1-4 family residential, junior lien [Member]
Past Due and Non-Accrual Loans
Total Past Due
Current	2,852	3,169
Total Loans	2,852	3,169
90 Days Past Due and Still Accruing
1-4 family residential, junior lien [Member] | 30-59 Days Past Due [Member]
Past Due and Non-Accrual Loans
Total Past Due
1-4 family residential, junior lien [Member] | 60-89 Days Past Due [Member]
Past Due and Non-Accrual Loans
Total Past Due
1-4 family residential, junior lien [Member] | 90 Days or More Past Due [Member]
Past Due and Non-Accrual Loans
Total Past Due
Home equity lines of credit, first lien [Member]
Past Due and Non-Accrual Loans
Total Past Due
Current	8,279	8,325
Total Loans	8,279	8,325
90 Days Past Due and Still Accruing
Home equity lines of credit, first lien [Member] | 30-59 Days Past Due [Member]
Past Due and Non-Accrual Loans
Total Past Due
Home equity lines of credit, first lien [Member] | 60-89 Days Past Due [Member]
Past Due and Non-Accrual Loans
Total Past Due
Home equity lines of credit, first lien [Member] | 90 Days or More Past Due [Member]
Past Due and Non-Accrual Loans
Total Past Due
Farm [Member]
Past Due and Non-Accrual Loans
Total Past Due
Current	9,382	10,397
Total Loans	9,382	10,397
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	27,874	27,328
Total Loans	27,874	27,328
90 Days Past Due and Still Accruing
Multifamily [Member] | 30-59 Days Past Due [Member]
Past Due and Non-Accrual Loans
Total Past Due
Multifamily [Member] | 60-89 Days Past Due [Member]
Past Due and Non-Accrual Loans
Total Past Due
Multifamily [Member] | 90 Days or More Past Due [Member]
Past Due and Non-Accrual Loans
Total Past Due
Commercial owner occupied [Member]
Past Due and Non-Accrual Loans
Total Past Due
Current	94,936	93,800
Total Loans	94,936	93,800
90 Days Past Due and Still Accruing
Commercial owner occupied [Member] | 30-59 Days Past Due [Member]
Past Due and Non-Accrual Loans
Total Past Due
Commercial owner occupied [Member] | 60-89 Days Past Due [Member]
Past Due and Non-Accrual Loans
Total Past Due
Commercial owner occupied [Member] | 90 Days or More Past Due [Member]
Past Due and Non-Accrual Loans
Total Past Due
Commercial non-owner occupied [Member]
Past Due and Non-Accrual Loans
Total Past Due		75
Current	117,518	123,139
Total Loans	117,518	123,214
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		75
Commercial non-owner occupied [Member] | 60-89 Days Past Due [Member]
Past Due and Non-Accrual Loans
Total Past Due
Commercial non-owner occupied [Member] | 90 Days or More Past Due [Member]
Past Due and Non-Accrual Loans
Total Past Due
Consumer revolving credit [Member]
Past Due and Non-Accrual Loans
Total Past Due
Current	23,245	21,540
Total Loans	23,245	21,540
90 Days Past Due and Still Accruing
Consumer revolving credit [Member] | 30-59 Days Past Due [Member]
Past Due and Non-Accrual Loans
Total Past Due
Consumer revolving credit [Member] | 60-89 Days Past Due [Member]
Past Due and Non-Accrual Loans
Total Past Due
Consumer revolving credit [Member] | 90 Days or More Past Due [Member]
Past Due and Non-Accrual Loans
Total Past Due
Consumer all other credit [Member]
Past Due and Non-Accrual Loans
Total Past Due	44	603
Current	4,640	4,927
Total Loans	4,684	5,530
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	44	4
Consumer all other credit [Member] | 60-89 Days Past Due [Member]
Past Due and Non-Accrual Loans
Total Past Due		599
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	1,103	2,067
Current	50,720	52,624
Total Loans	51,823	54,691
90 Days Past Due and Still Accruing	81	332
Student Loans Purchased [Member] | 30-59 Days Past Due [Member]
Past Due and Non-Accrual Loans
Total Past Due	477	850
Student Loans Purchased [Member] | 60-89 Days Past Due [Member]
Past Due and Non-Accrual Loans
Total Past Due	140	463
Student Loans Purchased [Member] | 90 Days or More Past Due [Member]
Past Due and Non-Accrual Loans
Total Past Due	486	754
Home equity lines of credit, junior lien [Member]
Past Due and Non-Accrual Loans
Total Past Due
Current	9,672	10,912
Total Loans	9,672	10,912
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
1-4 family residential - purchased [Member]
Past Due and Non-Accrual Loans
Total Past Due		954
Current	18,563	17,693
Total Loans	18,563	18,647
90 Days Past Due and Still Accruing
1-4 family residential - purchased [Member] | 30-59 Days Past Due [Member]
Past Due and Non-Accrual Loans
Total Past Due		954
1-4 family residential - purchased [Member] | 60-89 Days Past Due [Member]
Past Due and Non-Accrual Loans
Total Past Due
1-4 family residential - purchased [Member] | 90 Days or More Past Due [Member]
Past Due and Non-Accrual Loans
Total Past Due
[1]	Derived from audited Consolidated Financial Statements

Net Income Per Share (Narrative

Net Income Per Share (Narrative) (Details) - shares	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Equity Option [Member]
Securities considered to be anti-dilutive and excluded from earnings per share calculation	62,750

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, 2019	Mar. 31, 2018
Basic net income per share
Net Income		$ 1,246	$ 2,796
Weighted Average Shares	[1]	2,550,785	2,534,799
Per Share Amount	[1]	$ 0.49	$ 1.10
Effect of dilutive stock options		8,489	20,181
Effect of dilutive stock options, Per Share Amount		$ 0	$ (0.01)
Diluted net income per share
Net Income		$ 1,246	$ 2,796
Weighted Average Shares	[1]	2,559,274	2,554,980
Per Share Amount	[1]	$ 0.49	$ 1.09
[1]	Share data for March 31, 2018 has been adjusted to reflect the 5% stock dividend effective April 13, 2018.

Stock Incentive Plans (Plan dur

Stock Incentive Plans (Plan duration - Narrative) (Details) - USD ($) $ / shares in Units, $ in Thousands	1 Months Ended	3 Months Ended
	Feb. 20, 2019	Mar. 31, 2019	Mar. 31, 2018	May 21, 2014
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Unrecognized compensation expense related to the non-vested awards		$ 382
Stock grants, unrestricted		$ 424
Maximum [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Plan duration		10 years
2014 Stock Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Common stock issued				262,500
Employee Stock Option [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Compensation expense		$ 24	$ 1
Option Issued
Stock dividend percentage		5.00%
Non-Employee Directors [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Compensation expense	$ 424
Unrestricted stock granted to non-employee directors	10,993
Market price	$ 38.65
Stock grant expense		$ 106

Stock Incentive Plans (Summary

Stock Incentive Plans (Summary of Shares Issued and Available Under Each Plans) (Details)	3 Months Ended
	Mar. 31, 2019$ / sharesshares
2005 Stock Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Aggregate shares issuable	241,500
Options or shares issued, net of forfeited and expired options	(57,019)
Cancelled due to Plan expiration	(184,481)
Remaining available for grant
Total vested and unvested shares	1,313
Fully vested shares	1,313
2005 Stock Plan [Member] | Minimum [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Exercise price per share | $ / shares	$ 14.37
2005 Stock Plan [Member] | Maximum [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Exercise price per share | $ / shares	$ 14.37
2014 Stock Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Aggregate shares issuable	262,500
Options or shares issued, net of forfeited and expired options	(75,843)
Cancelled due to Plan expiration
Remaining available for grant	186,657
Total vested and unvested shares	63,800
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	$ 44.75

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, 2019USD ($)$ / sharesshares
Number of Options
Outstanding, at the beginning | shares	82,481
Issued | shares
Exercised | shares	(5,693)
Expired | shares	(11,675)
Outstanding, at the end | shares	65,113
Options Exercisable | shares	1,313
Weighted Average Exercise Price
Outstanding, at the beginning | $ / shares	$ 38.02
Issued | $ / shares
Exercised | $ / shares	17.90
Expired | $ / shares	17.39
Outstanding, at the end | $ / shares	43.48
Exercisable | $ / shares	$ 14.37
Aggregate Intrinsic Value
Outstanding, at the beginning | $	$ 327
Outstanding at end | $	42
Exercisable | $	$ 32

Stock Incentive Plans (Summar_2

Stock Incentive Plans (Summary Information Pertaining to Options Outstanding) (Details)	3 Months Ended
	Mar. 31, 2019$ / sharesshares
Share-based Payment Arrangement, Option, Exercise Price Range [Line Items]
Options Outstanding | shares	65,113
Weighted-Average Remaining Contractual Life	9 years
Weighted Average Exercise Price	$ 43.48
Options Exercisable | shares	1,313
Weighted-Average Exercise Price	$ 14.37
$11.18 to 20.00 [Member]
Share-based Payment Arrangement, Option, Exercise Price Range [Line Items]
Exercise Price, Minimum	11.18
Exercise Price, Maximum	$ 20
Options Outstanding | shares	1,313
Weighted-Average Remaining Contractual Life	3 years 10 months 25 days
Weighted Average Exercise Price	$ 14.37
Options Exercisable | shares	1,313
Weighted-Average Exercise Price	$ 14.37
$20.01 to $30.00 [Member]
Share-based Payment Arrangement, Option, Exercise Price Range [Line Items]
Exercise Price, Minimum	20.01
Exercise Price, Maximum	$ 30
Options Outstanding | shares	1,050
Weighted-Average Remaining Contractual Life	8 years
Weighted Average Exercise Price	$ 28.76
Options Exercisable | shares	0
Weighted-Average Exercise Price
$30.01 to 40.00 [Member]
Share-based Payment Arrangement, Option, Exercise Price Range [Line Items]
Exercise Price, Minimum	30.01
Exercise Price, Maximum	$ 40
Options Outstanding | shares
Weighted Average Exercise Price
Options Exercisable | shares	0
Weighted-Average Exercise Price
$40.00 to 44.75 [Member]
Share-based Payment Arrangement, Option, Exercise Price Range [Line Items]
Exercise Price, Minimum	40.01
Exercise Price, Maximum	$ 44.75
Options Outstanding | shares	62,750
Weighted-Average Remaining Contractual Life	9 years 1 month 6 days
Weighted Average Exercise Price	$ 44.34
Options Exercisable | shares	0
Weighted-Average Exercise Price

Fair Value Measurements (Narrat

Fair Value Measurements (Narrative) (Details) - USD ($) $ in Thousands	Mar. 31, 2019	Dec. 31, 2018
Fair Value Disclosures [Abstract]
Impaired loans	$ 2,753	$ 2,766

Fair Value Measurements (Assets

Fair Value Measurements (Assets Measured at Fair Value on Recurring Basis) (Details) - USD ($) $ in Thousands	Mar. 31, 2019	Dec. 31, 2018
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets measured at fair value	$ 61,312	$ 61,392
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
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	61,312	61,392
Significant Unobservable Inputs (Level 3) [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets measured at fair value
U.S. Government agencies [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets measured at fair value	19,227	18,974
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
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	19,227	18,974
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
Mortgage-backed securities/CMOs [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets measured at fair value	24,428	25,063
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
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	24,428	25,063
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
Municipal bonds [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets measured at fair value	17,657	17,355
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
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	17,657	17,355
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

Fair Value Measurements (Asse_2

Fair Value Measurements (Assets Measured at Fair Value on Nonrecurring Basis) (Details) - USD ($) $ in Thousands	Mar. 31, 2019	Dec. 31, 2018
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets measured at fair value	$ 61,312	$ 61,392
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
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	61,312	61,392
Significant Unobservable Inputs (Level 3) [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets measured at fair value
Fair Value, Measurements, Nonrecurring [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets measured at fair value	1,558	1,512
Fair Value, Measurements, Nonrecurring [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
Fair Value, Measurements, Nonrecurring [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
Fair Value, Measurements, Nonrecurring [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	1,558	1,512
Fair Value, Measurements, Nonrecurring [Member] | Student Loans Purchased [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets measured at fair value	1,558	1,512
Fair Value, Measurements, Nonrecurring [Member] | Student Loans Purchased [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
Fair Value, Measurements, Nonrecurring [Member] | Student Loans Purchased [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
Fair Value, Measurements, Nonrecurring [Member] | Student Loans Purchased [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	$ 1,558	$ 1,512

Fair Value Measurements (Carryi

Fair Value Measurements (Carrying Values and Estimated Fair Values of Financial Instruments) (Details) - USD ($) $ in Thousands	Mar. 31, 2019	Dec. 31, 2018
Quoted Prices in Active Markets for Identical Assets (Level 1) [Member]
Assets
Cash and cash equivalent	$ 14,604	$ 18,874
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
Accrued interest payable
Significant Other Observable Inputs (Level 2) [Member]
Assets
Cash and cash equivalent
Available for sale securities	61,312	61,392
Loans, net
Bank owned life insurance	16,900	16,790
Accrued interest receivable	355	342
Liabilities
Demand deposits and interest-bearing transaction and money market, and savings accounts	426,741	464,002
Certificates of deposit	130,340	108,323
Accrued interest payable	337	243
Significant Unobservable Inputs (Level 3) [Member]
Assets
Cash and cash equivalent
Available for sale securities
Loans, net	506,505	514,917
Bank owned life insurance
Accrued interest receivable	1,884	1,758
Liabilities
Demand deposits and interest-bearing transaction and money market, and savings accounts
Certificates of deposit
Accrued interest payable
Carrying Value [Member]
Assets
Cash and cash equivalent	14,604	18,874
Available for sale securities	61,312	61,392
Loans, net	523,455	532,299
Bank owned life insurance	16,900	16,790
Accrued interest receivable	2,239	2,100
Liabilities
Demand deposits and interest-bearing transaction and money market, and savings accounts	426,741	464,002
Certificates of deposit	130,458	108,531
Accrued interest payable	337	243
Fair Value [Member]
Assets
Cash and cash equivalent	14,604	18,874
Available for sale securities	61,312	61,392
Loans, net	506,505	514,917
Bank owned life insurance	16,900	16,790
Accrued interest receivable	2,239	2,100
Liabilities
Demand deposits and interest-bearing transaction and money market, and savings accounts	426,741	464,002
Certificates of deposit	130,340	108,323
Accrued interest payable	$ 337	$ 243

Segment Reporting (Schedule of

Segment Reporting (Schedule of Segment Reporting Information) (Details) - USD ($) $ in Thousands		3 Months Ended		12 Months Ended
		Mar. 31, 2019	Mar. 31, 2018	Dec. 31, 2018
Segment Reporting Information [Line Items]
Net interest income		$ 5,568	$ 5,696
Provision for loan losses		684	(96)	$ 1,873
Noninterest income		1,059	1,714
Noninterest expense		4,411	4,017
Income before income taxes		1,532	3,489
Provision for income taxes		286	693
Net income		1,246	2,796
Total assets		635,800	625,473	$ 644,800	[1]
Bank [Member]
Segment Reporting Information [Line Items]
Net interest income		5,568	5,696
Provision for loan losses		684	(96)
Noninterest income		573	642
Noninterest expense		3,799	3,491
Income before income taxes		1,658	2,909
Provision for income taxes		312	571
Net income		1,346	2,338
Total assets		635,668	615,143
VNB Wealth [Member]
Segment Reporting Information [Line Items]
Net interest income			34
Provision for loan losses
Noninterest income			1,072
Noninterest expense			526
Income before income taxes			580
Provision for income taxes			122
Net income			458
Total assets			$ 10,330
VNB Investment Services [Member]
Segment Reporting Information [Line Items]
Net interest income
Provision for loan losses
Noninterest income		136
Noninterest expense		136
Income before income taxes
Provision for income taxes
Net income
VNB Trust & Estate Services [Member]
Segment Reporting Information [Line Items]
Net interest income
Provision for loan losses
Noninterest income		346
Noninterest expense		307
Income before income taxes		39
Provision for income taxes		8
Net income		31
Masonry Capital [Member]
Segment Reporting Information [Line Items]
Net interest income
Provision for loan losses
Noninterest income		4
Noninterest expense		169
Income before income taxes		(165)
Provision for income taxes		(34)
Net income		(131)
Total assets		132
VNB Investment Service [Member]
Segment Reporting Information [Line Items]
Total assets	[2]
Trust & Estate Services [Member]
Segment Reporting Information [Line Items]
Total assets	[2]
[1]	Derived from audited Consolidated Financial Statements
[2]	Not reportable. Asset information is not reported for these segments, as the assets previously allocated to VNB Wealth are reported at the Bank level subsequent to the merger of VNBTrust into the Bank effective July 1, 2018; also, assets specifically allocated to these VNB Wealth lines of business are insignificant and are no longer provided to the chief operating decision maker.

Segment Reporting (Narrative) (

Segment Reporting (Narrative) (Details) $ in Thousands	3 Months Ended
	Mar. 31, 2019USD ($)item	Mar. 31, 2018USD ($)
Segment Reporting [Abstract]
Number of reportable segments | item	2
VNB Wealth [Member]
Segment Reporting [Abstract]
Management fees | $	$ 25	$ 25

Leases (Narrative) (Details)

Leases (Narrative) (Details) $ in Thousands	Mar. 31, 2019USD ($)
Commitments and Contingencies Disclosure [Abstract]
Right-of-use asset and lease liability	$ 4,300

Leases (Schedule of Operating L

Leases (Schedule of Operating Lease Liability) (Details) $ in Thousands	Mar. 31, 2019USD ($)
Lessee Disclosure [Abstract]
Lease liability	$ 4,113
Right-of-use asset	$ 4,105
Weighted average remaining lease term	5 years 8 months 23 days
Weighted average discount rate	2.82%

Leases (Schedule of Operating_2

Leases (Schedule of Operating Lease Expense) (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Lessee Disclosure [Abstract]
Operating lease expense	$ 204		[1]
Short-term lease expense	36		[1]
Total lease expense	240	225
Cash paid for amounts included in lease liabilities	$ 196
[1]	Not reportable.

Leases (Schedule of Operating_3

Leases (Schedule of Operating Lease Liabilities And Reconciliation of Undiscounted Cash Flows) (Details) $ in Thousands	Mar. 31, 2019USD ($)
Commitments and Contingencies Disclosure [Abstract]
Nine months ending December 31, 2019	$ 592
Twelve months ending December 31, 2020	799
Twelve months ending December 31, 2021	807
Twelve months ending December 31, 2022	767
Twelve months ending December 31, 2023	680
Twelve months ending December 31, 2024	469
Thereafter	359
Total undiscounted cash flows	4,473
Less: Discount	(360)
Lease liability	$ 4,113