Virginia National Bankshares (VABK) 10-K 12 Mar 20 2019 FY Annual report Financial data

Document and Entity Information

Document and Entity Information - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2019	Mar. 06, 2020	Jun. 28, 2019
Cover [Abstract]
Document Type	10-K
Amendment Flag	false
Document Period End Date	Dec. 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	FY
Entity Filer Category	Accelerated Filer
Entity Small Business	true
Entity Emerging Growth Company	false
Entity Common Stock, Shares Outstanding		2,692,005
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Voluntary Filers	No
Entity Well-known Seasoned Issuer	No
Entity File Number	000-55117
Entity Incorporation, State or Country Code	VA
Entity Tax Identification Number	46-2331578
Entity Address, Address Line One	404 People Place
Entity Address, City or Town	Charlottesville
Entity Address, State or Province	VA
Entity Address, Postal Zip Code	22911
City Area Code	434
Local Phone Number	817-8621
Entity Shell Company	false
Document Annual Report	true
Document Transition Report	false
Title of 12(b) Security	Common Stock
Trading Symbol	VABK
Entity Public Float			$ 82.6
Documents Incorporated by Reference	Portions of the registrant’s definitive Proxy Statement to be used in conjunction with the registrant’s 2020 Annual Meeting of Shareholders are incorporated into Part III of this Form 10-K.

CONSOLIDATED BALANCE SHEETS

CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Dec. 31, 2019	Dec. 31, 2018
ASSETS
Cash and due from banks	$ 14,908	$ 11,741
Federal funds sold	4,177	7,133
Securities:
Available for sale, at fair value	114,041	61,392
Restricted securities, at cost	1,683	1,683
Total securities	115,724	63,075
Loans	539,533	537,190
Allowance for loan losses	(4,209)	(4,891)
Loans, net	535,324	532,299
Premises and equipment, net	6,145	7,042
Bank owned life insurance	16,412	16,790
Goodwill	372	372
Other intangible assets, net	408	477
Accrued interest receivable and other assets	9,157	5,871
Total assets	702,627	644,800
Demand deposits:
Noninterest-bearing	166,975	185,819
Interest-bearing	122,994	106,884
Money market and savings deposit accounts	221,964	171,299
Certificates of deposit and other time deposits	109,278	108,531
Total deposits	621,211	572,533
Accrued interest payable and other liabilities	5,309	1,525
Total liabilities	626,520	574,058
Commitments and contingencies
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; 2,692,005 (including 4,000 nonvested shares) and 2,543,452 shares issued and outstanding in 2019 and 2018, Respectively	6,720	6,359
Capital surplus	32,195	27,013
Retained earnings	37,235	38,647
Accumulated other comprehensive loss	(43)	(1,277)
Total shareholders' equity	76,107	70,742
Total liabilities and shareholders' equity	$ 702,627	$ 644,800

CONSOLIDATED BALANCE SHEETS (Pa

CONSOLIDATED BALANCE SHEETS (Parenthetical) - $ / shares	Dec. 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	0	0
Common stock, par value per share	$ 2.50	$ 2.50
Common stock, shares authorized	10,000,000	10,000,000
Common stock, shares issued	2,692,005	2,543,452
Common stock, nonvested shares issued	4,000
Common stock, shares outstanding	2,692,005	2,543,452

CONSOLIDATED STATEMENTS OF INCO

CONSOLIDATED STATEMENTS OF INCOME - USD ($) $ in Thousands		12 Months Ended
		Dec. 31, 2019	Dec. 31, 2018
Interest and dividend income:
Loans, including fees		$ 24,180	$ 23,919
Federal funds sold		459	209
Investment securities:
Taxable		1,158	1,073
Tax exempt		290	340
Dividends		110	145
Total interest and dividend income		26,197	25,686
Interest expense:
Demand and savings deposits		2,038	1,134
Certificates and other time deposits		2,146	1,258
Repurchase agreements and other borrowings		89	398
Total interest expense		4,273	2,790
Net interest income		21,924	22,896
Provision for loan losses		1,375	1,873
Net interest income after provision for loan losses		20,549	21,023
Noninterest income:
Trust income		1,698	1,665
Advisory and brokerage income		605	565
Royalty income		17	585
Customer service fees		766	909
Debit/credit card and ATM fees		723	747
Earnings/increase in value of bank owned life insurance		798	446
Fees on mortgage sales		189	193
Gains on sales and calls of securities		74
Losses on sales of assets			(33)
Other		681	453
Total noninterest income		5,551	5,530
Noninterest expense:
Salaries and employee benefits		9,249	8,036
Net occupancy		1,824	1,835
Equipment		430	500
Data processing		1,236	1,088
Settlement of claims		460
Other		4,685	4,555
Total noninterest expense		17,884	16,014
Income before income taxes		8,216	10,539
Provision for income taxes		1,527	2,069
Net income		$ 6,689	$ 8,470
Net income per common share, basic	[1]	$ 2.49	$ 3.18
Net income per common share, diluted	[1]	$ 2.49	$ 3.15
[1]	Per share data has been adjusted to reflect the 5% stock dividends effective July 5, 2019 and April 13, 2018.

CONSOLIDATED STATEMENTS OF COMP

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Statement Of Income And Comprehensive Income [Abstract]
Net income	$ 6,689	$ 8,470
Other comprehensive income (loss)
Unrealized gains (losses) on securities, net of tax of $345 and ($105) for the years ended December 31, 2019 and 2018	1,292	(394)
Reclassification adjustment for realized gains on sales and calls of securities, net of tax of ($16) and $0 for the years ended December 31, 2019 and 2018	(58)
Total other comprehensive income (loss)	1,234	(394)
Total comprehensive income	$ 7,923	$ 8,076

CONSOLIDATED STATEMENTS OF CO_2

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (Parenthetical) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Statement Of Income And Comprehensive Income [Abstract]
Change in unrealized gains (losses) on available-for-sale securities, tax	$ 345	$ (105)
Reclassification adjustment, tax	$ (16)	$ 0

CONSOLIDATED STATEMENTS OF CHAN

CONSOLIDATED STATEMENTS OF CHANGES IN SHAREHOLDERS' EQUITY - USD ($) $ in Thousands	Total	Common Stock [Member]	Capital Surplus [Member]	Retained Earnings [Member]	Accumulated Other Comprehensive Loss [Member]
Balance at Dec. 31, 2017	$ 65,105	$ 6,027	$ 22,038	$ 37,923	$ (883)
Stock options exercised	268	31	237
Stock option expense	65		65
Cash dividends declared	(2,772)			(2,772)
Net income	8,470			8,470
5% stock dividend distributed		301	4,673	(4,974)
Other comprehensive (loss) income	(394)				(394)
Balance at Dec. 31, 2018	70,742	6,359	27,013	38,647	(1,277)
Stock options exercised	102	14	88
Stock option expense	97		97
Restricted stock grant expense	12		12
Unrestricted stock grants	425	27	398
Cash in lieu of fractional shares	(5)		(5)
Cash dividends declared	(3,189)			(3,189)
Net income	6,689			6,689
5% stock dividend distributed		320	4,592	(4,912)
Other comprehensive (loss) income	1,234				1,234
Balance at Dec. 31, 2019	$ 76,107	$ 6,720	$ 32,195	$ 37,235	$ (43)

CONSOLIDATED STATEMENTS OF CH_2

CONSOLIDATED STATEMENTS OF CHANGES IN SHAREHOLDERS' EQUITY (Parenthetical) - $ / shares	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Statement Of Stockholders Equity [Abstract]
Cash dividend declared, per share	$ 1.20	$ 1.09

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
CASH FLOWS FROM OPERATING ACTIVITIES:
Net income	$ 6,689	$ 8,470
Adjustments to reconcile net income to net cash provided by operating activities:
Provision for loan losses	1,375	1,873
Net amortization and accretion of securities	291	275
Gains on sales and calls of securities	(74)
Earnings/increase in value of bank owned life insurance	(798)	(446)
Amortization of intangible assets	83	109
Depreciation and other amortization	1,114	1,117
Net loss on sale of assets		33
Deferred tax expense (benefit)	91	(234)
Stock option expense	97	65
Stock grant expense	437
Net change in:
Accrued interest receivable and other assets	545	910
Accrued interest payable and other liabilities	(504)	(415)
Net cash provided by operating activities	9,346	11,757
CASH FLOWS FROM INVESTING ACTIVITIES:
Purchases of available for sale securities	(79,747)
Net decrease in restricted investments		601
Proceeds from maturities, calls and principal payments of available for sale securities	7,378	5,335
Proceeds from sale of available for sale securities	21,065
Net decrease in organic loans	600	7,721
Net increase in purchased loans	(4,999)	(17,152)
Purchase of wealth management book of business	(50)	(100)
Proceeds from settlement of bank owned life insurance	1,176
Purchase of bank premises and equipment, net	(189)	(846)
Net cash used in investing activities	(54,766)	(4,441)
CASH FLOWS FROM FINANCING ACTIVITIES:
Net increase in demand deposits, NOW accounts, and money market accounts	47,931	30,273
Net increase (decrease) in certificates of deposit and other time deposits	747	(702)
Net decrease in securities sold under agreements to repurchase		(19,092)
Net decrease in short term borrowings		(15,000)
Proceeds from stock options exercised	102	268
Cash payment for stock dividend fractional shares	(5)
Cash dividends paid	(3,144)	(2,466)
Net cash provided by (used in) financing activities	45,631	(6,719)
NET INCREASE IN CASH AND CASH EQUIVALENTS	211	597
CASH AND CASH EQUIVALENTS:
Beginning of period	18,874	18,277
End of period	19,085	18,874
SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION
Interest	4,221	2,657
Taxes	1,925	2,465
SUPPLEMENTAL SCHEDULE OF NONCASH INVESTING ACTIVITIES
Unrealized gain (loss) on available for sale securities	1,563	$ (499)
Initial right -of-use assets obtained in exchange for new operating lease liabilities	$ 4,279

Summary of Significant Accounti

Summary of Significant Accounting Policies	12 Months Ended
	Dec. 31, 2019
Accounting Policies [Abstract]
Summary of Significant Accounting Policies	Note 1 – Summary of Significant Accounting Policies Organization Virginia National Bankshares Corporation (the “Company”) is a bank holding company incorporated under the laws of the Commonwealth of Virginia. The Company is authorized to issue (a) 10,000,000 shares of common stock with a par value of $2.50 per share and (b) 2,000,000 shares of preferred stock at a par value $2.50 per share. There is currently no preferred stock outstanding. The Company is regulated under the Bank Holding Company Act of 1956, as amended and is subject to inspection, examination, and supervision by the Federal Reserve Board. Virginia National Bank (the “Bank”) is a wholly-owned subsidiary of the Company and was organized in 1998 under federal law as a national banking association to engage in a general commercial and retail banking business. The Bank is headquartered in Charlottesville, Virginia and primarily serves the Virginia communities in and around the cities of Charlottesville, Winchester, Harrisonburg, Roanoke and Richmond, and the counties of Albemarle and Frederick. As a national bank, the Bank is subject to the supervision, examination and regulation of the Office of the Comptroller of the Currency (“OCC”). Effective July 1, 2018, VNBTrust, National Association (“VNBTrust”), formerly a subsidiary of the Bank, was merged into Virginia National Bank, and the Bank continues to offer investment management, wealth advisory and trust and estate administration services under the names of VNB Trust and Estate Services and Sturman Wealth Advisors, formerly known as VNB Investment Services. All references herein to VNB Wealth Management or VNB Wealth refer to VNBTrust for periods prior to July 1, 2018. During 2018, the Company changed the structure of its VNB Wealth lines of business. The Company formed Masonry Capital Management, LLC (“Masonry Capital”), a registered investment advisor, to offer investment advisory and management services to clients through separately managed accounts and through one or more private investment fund(s). The Company believes the formation of Masonry Capital will allow the Company to offer its investment strategy to a wider range of clients. Masonry Capital is a wholly-owned subsidiary of the Company. Sale Agreement with SRCM Holdings LLC and Acquisition Royalty Payments Due to the Company In 2007 when VNBTrust was established, the OCC also approved the Bank’s application for VNBTrust to create a wholly owned operating subsidiary, VNB Investment Management Company, LLC, a Delaware limited liability corporation. In January 2010, VNB Investment Management Company changed its name to Swift Run Capital Management, LLC (“SRCM”). SRCM served as the general partner of Swift Run Capital, L.P. (the “Fund”), a private investment fund. On July 18, 2013 (the “Closing Date”), the Company completed the sale of all of the membership interests of SRCM to SRCM Holdings LLC (“SRCM Holdings”) pursuant to a purchase and sale agreement dated June 27, 2013 (the “SRCM Sale Agreement”). A former officer of the Company is the principal owner of SRCM Holdings. Under the terms of the SRCM Sale Agreement, SRCM Holdings agreed to pay the Company periodically during the ten-year period beginning January 1, 2014 and ending December 31, 2023 (the “Term”): (i) ongoing acquisition royalty payments equal to 20% of the management and performance fee revenue received by SRCM from limited partners of the Fund as of the Closing Date and from VNBTrust clients that opened accounts with SRCM within 30 days of the Closing Date, and (ii) ongoing referral royalty payments equal to 20% of the management and performance fee revenue received by SRCM from other clients referred by the Company and its affiliates to SRCM during the Term. A portion of the payments received from SRCM are applied to write down a contingent asset that was established to estimate the value for the sale of SRCM, with the remaining portion of the payments applied to noninterest income as royalty income. Basis of Presentation The accounting and reporting policies of the Company conform to accounting principles generally accepted in the United States of America and to the reporting guidelines prescribed by regulatory authorities. The following is a description of the more significant of those policies and practices. Principles of consolidation – 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”). All references herein to VNB Wealth Management or VNB Wealth refer to VNBTrust for periods prior to July 1, 2018. All significant intercompany balances and transactions have been eliminated in consolidation. Use of estimates – The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America 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, income taxes, and fair value measurements. Cash flow reporting – For purposes of the statements of cash flows, the Company considers all highly liquid debt instruments purchased with a maturity of three months or less to be cash equivalents. Cash and cash equivalents consist of cash on hand, funds due from banks, and federal funds sold. Securities – Unrestricted investments are classified in two categories as described below. • Securities held to maturity – Securities classified as held to maturity are those debt securities the Company has both the positive intent and ability to hold to maturity regardless of changes in market conditions, liquidity needs or changes in general economic conditions. Currently the Company has no securities classified as held to maturity because of Management’s desire to have more flexibility in managing the investment portfolio. • Securities available for sale – Securities classified as available for sale are those debt securities that the Company intends to hold for an indefinite period of time but not necessarily to maturity. Any decision to sell a security classified as available for sale would be based on various factors, including significant movements in interest rates, changes in the maturity mix of the Company’s assets and liabilities, liquidity needs, regulatory capital considerations, and other similar factors. Securities available for sale are carried at fair value. Unrealized gains or losses are reported as a separate component of other comprehensive income. Realized gains or losses, determined on the basis of the cost of specific securities sold, are included in earnings. Purchase premiums and discounts are recognized in interest income using the interest method over the terms of the securities or to “call” dates, whichever occurs first. Gains and losses on the sale of securities are recorded on the trade date and are determined using the specific identification method. Impairment of securities occurs when the fair value of a security is less than its amortized cost. For debt securities, impairment is considered other-than-temporary and recognized in its entirety in net income if either (1) the Company intends to sell the security or (2) it is more likely than not that the Company will be required to sell the security before recovery of its amortized cost basis. If, however, the Company does not intend to sell the security and it is not more-than-likely that the Company will be required to sell the security before recovery, the Company must determine what portion of the impairment is attributable to a credit loss, which occurs when the amortized cost of the security exceeds the present value of the cash flows expected to be collected from the security. If there is no credit loss, there is no other-than-temporary impairment. If there is a credit loss, other-than-temporary impairment exists, and the credit loss must be recognized in net income and the remaining portion of impairment must be recognized in other comprehensive income. Restricted securities – As members of the Federal Reserve Bank of Richmond (“FRB”) and the Federal Home Loan Bank of Atlanta (“FHLB”), the Company is required to maintain certain minimum investments in the common stock of the FRB and FHLB. Required levels of investments are based upon the Bank’s capital and a percentage of qualifying assets. Additionally, the Company has purchased common stock in CBB Financial Corp. (“CBBFC”), the holding company for Community Bankers’ Bank. Shares of common stock from the FRB, FHLB and CBBFC are classified as restricted securities which are carried at cost. Loans – Loans are reported at the principal balance outstanding net of unearned discounts and of the allowance for loan losses. Interest income on loans is reported on the level-yield method and includes amortization of deferred loan fees and costs over the loan term. Purchased performing loans are accounted for in the same manner as the rest of the loan portfolio. Further information regarding the Company’s accounting policies related to past due loans, non-accrual loans, impaired loans and troubled-debt restructurings is presented in Note 3 - Loans. Allowance for loan losses – The allowance for loan losses is a reserve established through a provision for loan losses charged to expense, which represents management’s best estimate of probable losses inherent in the loan portfolio. The allowance for loan losses includes allowance allocations calculated in accordance with Financial Accounting Standards Board (“FASB”) ASC Topic 310, “Receivables” and allowance allocations calculated in accordance with ASC Topic 450, “Contingencies.” Further information regarding the Company’s policies and methodology used to estimate the allowance for loan losses is presented in Note 4 – Allowance for Loan Losses. Transfers of financial assets – Transfers of financial assets are accounted for as sales when control over the assets has been surrendered. Control over transferred assets is deemed to be surrendered when (1) the assets have been isolated from the Company or its subsidiaries – put presumptively beyond reach of the transferor and its creditors, even in bankruptcy or other receivership, (2) the transferee obtains the right (free of conditions that constrain it from taking advantage of that right) to pledge or exchange the transferred assets, and (3) the Company or its subsidiaries does not maintain effective control over the transferred assets through an agreement to repurchase them before their maturity or the ability to unilaterally cause the holder to return specific assets. Premises and equipment – Land is carried at cost. Premises and equipment are stated at cost less accumulated depreciation. Depreciation is computed by the straight-line method based on the estimated useful lives of assets, which range from 3 to 20 years. Expenditures for repairs and maintenance are charged to expense as incurred. The costs of major renewals and betterments are capitalized and depreciated over their estimated useful lives. Upon disposition, the asset and related accumulated depreciation are removed from the books and any resulting gain or loss is charged to income. More information regarding premises and equipment is presented in Note 5 – Premises and Equipment. Leases - The Company recognizes a lease liability and a right-of-use asset in connection with leases in which it is a lessee, except for leases with a term of twelve months or less. A lease liability represents the Corporation’s obligation to make future payments under lease contracts, and a right-of-use asset represents the Corporation’s right to control the use of the underlying property during the lease term. Lease liabilities and right-of-use assets are recognized upon commencement of a lease and measured as the present value of lease payments over the lease term, discounted at the incremental borrowing rate of the lessee. Further information regarding leases is presented in Note 6 – Leases. Intangible assets – Goodwill is determined as the excess of the fair value of the consideration transferred over the fair value of the net assets acquired and liabilities assumed as of the acquisition date. Goodwill and other intangible assets acquired in a business combination and determined to have an indefinite useful life are not amortized, but tested for impairment at least annually, or more frequently if events and circumstances exist that indicate that a goodwill impairment test should be performed. Intangible assets with definite useful lives are amortized over their estimated useful lives, which range from 3 to 10 years, to their estimated residual values. Goodwill is the only intangible asset with an indefinite life included on the Company’s Consolidated Balance Sheets. Management has concluded that no circumstances indicating an impairment of these assets existed as of the balance sheet date. Bank owned life insurance – The Company has purchased life insurance on certain key employees. These policies are recorded at their cash surrender value on the Consolidated Balance Sheets. Income generated from polices is recorded as noninterest income. Fair value measurements – ASC Topic 820, “Fair Value Measurements and Disclosures,” defines fair value, establishes a framework for measuring fair value in generally accepted accounting principles, and requires certain disclosures about fair value measurements. In general, fair values of financial instruments are based upon internally developed models that primarily use, as inputs, observable market-based parameters. Any such valuation adjustments are applied consistently over time. Additional information on fair value measurements is presented in Note 15 – Fair Value Measurements. Stock-based compensation – The Company accounts for all 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 unrestricted or restricted stock grants. For stock options, compensation is estimated at the date of grant, using the Black-Scholes option valuation model for determining fair value. The model employs the following assumptions: • Dividend yield - calculated as the ratio of historical cash dividends paid per share of common stock to the stock price on the date of grant; • Expected life (term of the option) - based on the average of the contractual life and vesting schedule for the respective option; • Expected volatility - based on the monthly historical volatility of the Company’s stock price over the expected life of the options; • Risk-free interest rate - based upon the U.S. Treasury bill yield curve, for periods within the contractual life of the option, in effect at the time of grant. The Company has elected to estimate forfeitures when recognizing compensation expense, and this estimate of forfeitures is adjusted over the requisite service period or vesting schedule based on the extent to which actual forfeitures differ from such estimates. Changes in estimated forfeitures are recognized through a cumulative catch-up adjustment, which is recognized in the period of change, and also will impact the amount of estimated unamortized compensation expense to be recognized in future periods. Further information on stock-based compensation is presented in Note 18 – Stock Incentive Plans. Net income per common share – Basic net income per share, commonly referred to as earnings per share, represent income available to common shareholders divided by the weighted-average number of common shares outstanding during the period, including restricted shares that have not yet vested. Diluted net income per share reflect additional common shares that would have been outstanding if dilutive potential common shares had been issued, as well as any adjustment to income that would result from the assumed issuance. Potential common shares that may be issued by the Company relate solely to outstanding stock options and are determined using the treasury stock method. All net income per common share information has been adjusted to reflect the 5% stock dividends effective July 5, 2019 and April 13, 2018. Additional information on net income per share is presented in Note 19 – Net Income per Share. Comprehensive income – Accounting principles generally require that recognized revenue, expenses, gains and losses be included in net income. Although certain changes in assets and liabilities, such as unrealized gains and losses on available for sale securities, are reported as a separate component of the equity section of the balance sheet, such items, along with net income, are components of comprehensive income. Further information on the Company’s other comprehensive income is presented in Note 20 – Other Comprehensive Income. Advertising costs – The Company follows the policy of charging the costs of advertising to expense as they are incurred. Income taxes – Deferred taxes are provided on the asset and liability method whereby deferred tax assets are recognized for deductible temporary differences, operating loss carry forwards, and tax credit carry forwards. Deferred tax liabilities are recognized for taxable temporary differences. Temporary differences are the differences between the reported amounts of assets and liabilities and their tax basis. Deferred tax assets are reduced by a valuation allowance when, in the opinion of management, it is more likely than not that some portion or all of the deferred tax assets will not be realized. Deferred tax assets and liabilities are adjusted for the effects of changes in tax laws and rates on the date of enactment. When tax returns are filed, it is highly probable that some positions taken would be sustained upon examination by the taxing authorities, while others are subject to uncertainty about the merits of the position taken or the amount of the position that would be ultimately sustained. The benefit of a tax position is recognized in the financial statements in the period during which, based on all available evidence, management believes it is more likely than not that the position will be sustained upon examination, including the resolution of appeals or litigation processes, if any. Tax positions taken are not offset or aggregated with other positions. Tax positions that meet the more-likely-than-not recognition threshold are measured as the largest amount of tax benefit that is more than 50 percent likely of being realized upon settlement with the applicable taxing authority. The portion of the benefits associated with tax positions taken that exceeds the amount measured as described above is reflected as a liability for unrecognized tax benefits in the accompanying consolidated balance sheets along with any associated interest and penalties that would be payable to the taxing authorities upon examination. Interest and penalties associated with unrecognized tax benefits, if any, are classified as additional income taxes in the statements of income. For the years ended December 31, 2019 and 2018, there were no such interest or penalties recognized. Further information on the Company’s accounting policies for income taxes is presented in Note 9 – Income Taxes. Securities and other property held in a fiduciary capacity Securities and other property held by VNB Trust and Estate Services, Sturman Wealth Advisors or Masonry Capital in a fiduciary or agency capacity are not assets of the Company and are not included in the accompanying consolidated financial statements. Revenue Recognition ASU 2014-09, “Revenue from Contracts with Customers”, and all subsequent amendments to the ASU (collectively “ASC 606”), (i) creates a single framework for recognizing revenue from contracts with customers that fall within its scope and (ii) revises when it is appropriate to recognize a gain (loss) from the transfer of nonfinancial assets, such as OREO. The majority of the Company’s revenue is from interest income, including loans and securities, which are outside the scope of the standard. The services that fall within the scope of the standard are presented within noninterest income on the consolidated statement of income and are recognized as revenue as the Company satisfies its obligations to the customer. The revenue that falls within the scope of ASC 606 is primarily related to service charges on deposit accounts, debit/credit card and ATM fees, asset management fees and sales of other real estate owned, when applicable. Reclassifications – Certain reclassifications have been made to the prior year financial statements to conform to current year presentation. The results of the reclassifications are not considered material. Adoption of New Accounting Standard Leases On January 1, 2019, the Company adopted ASU No. 2016-02, "Leases (Topic 842)." The adoption of this standard required lessees to recognize right of use assets and lease liabilities on the Consolidated Balance Sheets and disclose key information about leasing arrangements. The FASB made subsequent amendments to Topic 842 in July 2018 through ASU 2018-10 (“Codification Improvements to Topic 842, Leases”) and ASU 2018-11 (“Leases (Topic 842): Targeted Improvements”). Among these amendments is the provision in ASU 2018-11 that provides entities with an additional (and optional) transition method to adopt the new leases standard. Under this new transition method, an entity initially applies the new leases standard at the adoption date and recognizes a cumulative-effect adjustment to the opening balance of retained earnings in the period of adoption. Consequently, an entity’s reporting for the comparative periods presented in the financial statements in which it adopts the new leases standard will continue to be in accordance with current GAAP (Topic 840, Leases). The Company adopted Topic 842 using the optional transition method noted above. Adoption of this standard resulted in the Company recording a right of use assets of $4.3 million and a lease liability of $4.3 million as of January 1, 2019. Operating leases have been included within other assets and other liabilities on the Company’s Consolidated Balance Sheets. The implementation of this standard resulted in no impact to retained earnings and there was no impact on the Company’s Consolidated Statements of Cash Flows. Refer to Note 6 "Leases" for further discussion. Recent Accounting Pronouncements Financial Instruments – Credit Losses In June 2016, the FASB issued ASU 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. At its October 16, 2019 meeting, FASB’s board affirmed its decision to delay the effective date of the ASU for smaller reporting companies, like the Company, until fiscal years beginning after December 15, 2022, and interim periods within those years. The Company is currently assessing the impact that Topic 326 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. The Company has engaged a vendor to assist in modeling expected lifetime losses under Topic 326, and expects to continue developing and refining an approach to estimating the allowance for credit losses during 2020. 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. Effective November 25, 2019, the SEC adopted Staff Accounting Bulletin (SAB) 119. SAB 119 updated portions of SEC interpretative guidance to align with FASB ASC 326, “Financial Instruments – Credit Losses.” It covers topics including (1) measuring current expected credit losses; (2) development, governance, and documentation of a systematic methodology; (3) documenting the results of a systematic methodology; and (4) validating a systematic methodology. Goodwill Impairment Testing In January 2017, the FASB issued ASU 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 in this ASU 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. Financial Instruments – Credit Losses – Derivatives and Hedging In April 2019, the FASB issued ASU 2019-04, “Codification Improvements to Topic 326, Financial Instruments—Credit Losses, Topic 815, Derivatives and Hedging, and Topic 825, Financial Instruments.” This ASU clarifies and improves areas of guidance related to the recently issued standards on credit losses, hedging, and recognition and measurement including improvements resulting from various Transition Resource Group (TRG) Meetings. The effective date of each of the amendments depends on the adoption date of ASU 2016-01, ASU 2016-03, and ASU 2017-12. The Company is currently assessing the impact that ASU 2019-04 will have on its consolidated financial statements. Financial Instruments – Credit Losses – Targeted Transition Relief In May 2019, the FASB issued ASU 2019-05, “Financial Instruments—Credit Losses (Topic 326): Targeted Transition Relief.” The amendments in this ASU provide entities that have certain instruments within the scope of Subtopic 326-20 with an option to irrevocably elect the fair value option in Subtopic 825-10, applied on an instrument-by-instrument basis for eligible instruments, upon the adoption of Topic 326. The fair value option election does not apply to held-to-maturity debt securities. An entity that elects the fair value option should subsequently measure those instruments at fair value with changes in fair value flowing through earnings. The effective date and transition methodology for the amendments in ASU 2019-05 are the same as in ASU 2016-13. The Company is currently assessing the impact that ASU 2019-05 will have on its consolidated financial statements. Financial Instruments—Credit Losses - Measurement of Credit Losses on Financial Instruments In November 2019, the FASB issued ASU 2019-11, “Codification Improvements to Topic 326, Financial Instruments – Credit Losses.” This ASU addresses issues raised by stakeholders during the implementation of ASU No. 2016-13, “Financial Instruments—Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments.” Among other narrow-scope improvements, the new ASU clarifies guidance around how to report expected recoveries. “Expected recoveries” describes a situation in which an organization recognizes a full or partial write-off of the amortized cost basis of a financial asset, but then later determines that the amount written off, or a portion of that amount, will in fact be recovered. While applying the credit losses standard, stakeholders questioned whether expected recoveries were permitted on assets that had already shown credit deterioration at the time of purchase (also known as PCD assets). In response to this question, the ASU permits organizations to record expected recoveries on PCD assets. In addition to other narrow technical improvements, the ASU also reinforces existing guidance that prohibits organizations from recording negative allowances for available-for-sale debt securities. The ASU includes effective dates and transition requirements that vary depending on whether or not an entity has already adopted ASU 2016-13. The Company is currently assessing the impact that ASU 2019-11 will have on its consolidated financial statements. Simplifying the Accounting for Income Taxes In December 2019, the FASB issued ASU 2019-12, “Income Taxes (Topic 740) – Simplifying the Accounting for Income Taxes.” The ASU is expected to reduce cost and complexity related to the accounting for income taxes by removing specific exceptions to general principles in Topic 740 (eliminating the need for an organization to analyze whether certain exceptions apply in a given period) and improving financial statement preparers’ application of certain income tax-related guidance. This ASU is part of the FASB’s simplification initiative to make narrow-scope simplifications and improvements to accounting standards through a series of short-term projects. For public business entities, the amendments are effective for fiscal years beginning after December 15, 2020, and interim periods within those fiscal years. Early adoption is permitted. The Company is currently assessing the impact that ASU 2019-12 will have on its consolidated financial statements.

Securities

Securities	12 Months Ended
	Dec. 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 December 31, 2019 and December 31, 2018 are as follows: December 31, 2019 Amortized Gross Unrealized Gross Unrealized Fair Cost Gains (Losses) Value (in thousands) U.S. Government agencies $ 15,000 $ - $ (48 ) $ 14,952 Corporate bonds 7,469 - - 7,469 Mortgage-backed securities/CMOs 71,970 76 (314 ) 71,732 Municipal bonds 19,656 282 (50 ) 19,888 Total Securities Available for Sale $ 114,095 $ 358 $ (412 ) $ 114,041 December 31, 2018 Amortized Gross Unrealized Gross Unrealized Fair Cost Gains (Losses) Value (in thousands) 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 All mortgage-backed securities included in the above tables were issued by U.S. government agencies and corporations. At December 31, 2019, the securities issued by political subdivisions or agencies were highly rated with 87% of the municipal bonds having AA or higher ratings. Approximately 84% of the municipal bonds are general obligation bonds with issuers that are geographically diverse. The Company held one short-term corporate bond in the amount of $7.5 million as of December 31, 2019 which matures in March 2020. The Company does not hold any derivative instruments. Marketable equity securities consist of nominal investments made by the Company in equity positions of various community banks and bank holding companies and are reported in other assets on the consolidated balance sheet. There were no securities classified as held to maturity as of December 31, 2019 or December 31, 2018. Restricted securities are securities with limited marketability and consist of stock in the FRB, FHLB and CBBFC totaling $1.7 million as of December 31, 2019 and December 31, 2018, respectively. These restricted securities are carried at cost as they are not permitted to be traded. For the year ended December 31, 2019, proceeds from the sales of securities amounted to $21.1 million, and gross realized gain on these securities were $71,000. (An additional $3,000 gain was realized from a call of a security during 2019.) For the year ended December 31, 2018, there were no sales of securities. Securities pledged to secure deposits, and for other purposes required by law, had carrying values of $5.0 million at December 31, 2019 and $18.0 million at December 31, 2018. The decrease in the amount of pledged securities resulted from the elimination of the repurchase agreement program effective December 31, 2018, thereby eliminating the need to pledge collateral for such deposits. Year-end securities with unrealized losses, segregated by length of time in a continuous unrealized loss position, were as follows: December 31, 2019 Less than 12 Months 12 Months or more Total (in thousands) Unrealized Unrealized Unrealized Fair Value Losses Fair Value Losses Fair Value Losses U.S. Government agencies $ 9,957 $ (43 ) $ 1,995 $ (5 ) $ 11,952 $ (48 ) Mortgage-backed/CMOs 39,061 (228 ) 7,716 (86 ) 46,777 (314 ) Municipal bonds 5,922 (50 ) - - 5,922 (50 ) $ 54,940 $ (321 ) $ 9,711 $ (91 ) $ 64,651 $ (412 ) December 31, 2018 Less than 12 Months 12 Months or more Total (in thousands) 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 ) As of December 31, 2019, there were $64.7 million, or forty-three issues, of individual securities in a loss position. These securities had an unrealized loss of $412,000 and consisted of thirty-one mortgage-backed/CMOs, eight municipal bonds, and four Agency notes. The Company’s securities portfolio is primarily made up of fixed rate bonds, whose prices move inversely with interest rates. Any unrealized losses are largely due to increases in market interest rates over the yields available at the time the underlying securities were purchased. The fair value is expected to recover as the bonds approach their maturity date or repricing date or if market yields for such investments decline. At the end of any accounting period, the portfolio may have both unrealized gains and losses. Management does not believe any of the securities in an unrealized loss position are impaired due to credit quality and does not intend to sell or believe it will be required to sell any of the securities before recovery of the amortized cost basis. Accordingly, as of December 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 statements. The amortized cost and fair value of available for sale debt securities at December 31, 2019 are presented below based upon contractual maturities, by major investment categories. Expected maturities may differ from contractual maturities because issuers have the right to call or prepay obligations. (in thousands) Amortized Cost Fair Value U.S. Government agencies One year or less $ 2,000 $ 1,995 After one year to five years 13,000 12,957 $ 15,000 $ 14,952 Corporate bonds One year or less $ 7,469 $ 7,469 $ 7,469 $ 7,469 Mortgage-backed securities/CMOs After five years to ten years $ 15,812 $ 15,764 Ten years or more 56,158 55,968 $ 71,970 $ 71,732 Municipal bonds One year or less $ 500 $ 500 After one year to five years 1,045 1,064 After five years to ten years 6,559 6,662 Ten years or more 11,552 11,662 $ 19,656 $ 19,888 Total Debt Securities Available for Sale $ 114,095 $ 114,041

Loans

Loans	12 Months Ended
	Dec. 31, 2019
Loans And Leases Receivable Disclosure [Abstract]
Loans	Note 3 – Loans The composition of the loan portfolio by loan classification appears below. (in thousands) December 31, December 31, 2019 2018 Commercial Commercial and industrial - organic $ 38,843 $ 41,526 Commercial and industrial - government guaranteed 35,347 31,367 Commercial and industrial - syndicated 6,398 12,134 Total commercial and industrial 80,588 85,027 Real estate construction and land Residential construction 2,197 1,552 Commercial construction 6,880 5,078 Land and land development 8,063 10,894 Total construction and land 17,140 17,524 Real estate mortgages 1-4 family residential, first lien, investment 44,099 40,311 1-4 family residential, first lien, owner occupied 20,671 16,775 1-4 family residential, junior lien 2,520 3,169 1-4 family residential - purchased 33,428 18,647 Home equity lines of credit, first lien 10,268 8,325 Home equity lines of credit, junior lien 9,671 10,912 Farm 8,808 10,397 Multifamily 27,093 27,328 Commercial owner occupied 96,117 93,800 Commercial non-owner occupied 118,561 123,214 Total real estate mortgage 371,236 352,878 Consumer Consumer revolving credit 20,081 21,540 Consumer all other credit 5,741 5,530 Student loans purchased 44,747 54,691 Total consumer 70,569 81,761 Total loans 539,533 537,190 Less: Allowance for loan losses (4,209 ) (4,891 ) Net loans $ 535,324 $ 532,299 The balances in the table above include unamortized premiums and net deferred loan costs and fees. Unamortized premiums on loans purchased were $2.5 million as of both December 31, 2019 and 2018. Net deferred loan costs (fees) totaled $100,000 and $129,000 as of December 31, 2019 and 2018, respectively. Loan origination/risk management. The Company has certain lending policies and procedures in place that are designed to maximize loan income within an acceptable level of risk. Management reviews and the Board of Directors approves lending policies on a regular basis. A reporting system supplements the review process by providing management with frequent reports related to loan production, loan quality, concentrations of credit, loan delinquencies, and nonperforming and potential problem loans. Diversification in the loan portfolio is a means of managing risk associated with fluctuations in economic conditions. Commercial and industrial loans are reported in three classes. Organic loans are originated by the Bank’s commercial lenders. Government guaranteed loan balances represent the guaranteed portion of loans which the Company purchased that are 100% guaranteed by either the United States Department of Agriculture (“USDA”) or the Small Business Administration (“SBA”); the originating institution holds the unguaranteed portion of each loan and services it. Syndicated loans, also referred to as shared national credits, are purchased from national lending correspondents. The government guaranteed loans and the shared national credits are typically purchased at a premium. In the event of early prepayment, the Bank may need to write off any unamortized premium. Both organic and syndicated loans are underwritten according to the Bank’s loan policies. The Company has developed policies to limit overall credit exposure to the syndicated market as a whole and to each borrower. The Bank’s loan policies for underwriting syndicated loans are based on the “Interagency Guidance on Leveraged Lending” applicable to national banks supervised by the OCC. Organic commercial and industrial loans are underwritten after evaluating and understanding the borrower’s ability to operate profitably and prudently expand its business. Management examines current and projected cash flows to determine the ability of borrowers to repay their obligations as agreed. Commercial and industrial loans are primarily made based on the identified cash flows of the borrower and secondarily on the underlying collateral provided by the borrower. The cash flows of borrowers, however, may not be as expected, and the collateral securing these loans may fluctuate in value. Most commercial and industrial loans are secured by the assets being financed or other business assets such as accounts receivable, inventory or marketable securities and may incorporate personal guarantees; however, some short-term loans may be made on an unsecured basis. In the case of loans secured by accounts receivable, the availability of funds for the repayment of these loans may be substantially dependent on the ability of the borrower to collect amounts due from its customers. Real estate construction and land loans consist primarily of loans for the purchase or refinance of unimproved lots or raw land. Additionally, the Company finances the construction of real estate projects typically where the permanent mortgage will remain with the Company. Specific underwriting guidelines are delineated in the Bank’s loan policies. Commercial real estate loans are subject to underwriting standards and processes similar to commercial and industrial loans, in addition to those specific to real estate loans. These loans are viewed primarily as cash flow loans and secondarily as loans secured by real estate. Commercial real estate lending typically involves higher loan principal amounts, and the repayment of these loans is generally largely dependent on the successful operation of the property securing the loan or the business conducted on the property securing the loan. Commercial real estate loans may be more adversely affected by conditions in the real estate markets or in the general economy. Management monitors and evaluates commercial real estate loans based on cash flows, collateral, geography and risk grade criteria. As a general rule, the Company avoids financing projects where the source of repayment is dependent upon the sale or operation of the collateral, unless other underwriting factors are present to help mitigate risk. Residential mortgages include consumer purpose 1-4 family residential properties and home equity loans, as well as investor-owned residential real estate. The Company has purchased two packages of 1-4 family residential mortgages, one in December of 2018 and a second package in November of 2019. Each of the adjustable rate loans purchased were individually underwritten by the Company prior to the closing of the sale. As of December 31, 2019, the balance in both packages totaled approximately $33.4 million. Consumer purpose loans have underwriting standards that are heavily influenced by statutory requirements, which include, but are not limited to, documentation requirements, limits on maximum loan-to-value percentages, and collection remedies. Loans to finance 1-4 family investment properties are primarily dependent upon rental income generated from the property and secondarily supported by the borrower’s personal income. The Company typically originates residential mortgages with the intention of retaining in its portfolio adjustable-rate mortgages and shorter-term, fixed-rate loans. The Company also originates longer-term, fixed rate loans, which are sold to secondary mortgage market correspondents. Consumer loans are generally small loans spread across many borrowers and are underwritten after determining the ability of the consumer borrower to repay their obligations as agreed. The underwriting standards are heavily influenced by statutory requirements, which include, but are not limited to, documentation requirements and collection remedies. Consumer loans may be secured or unsecured and are comprised of revolving lines, installment loans and other consumer loans. Included in consumer loans are student loan packages that were purchased beginning in 2015. Along with the purchase of these student loans, the Company purchased surety bonds to fully insure this portion of the Company’s consumer portfolio. 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 on June 27, 2018, and the surety bonds terminated on July 27, 2018. Deposit account overdrafts are included in the consumer loan balances and totaled $197,000 and $26,000 at December 31, 2019 and 2018, respectively. Independent loan review on a portion of the loan portfolio is performed by an independent loan review firm that reviews and validates the credit risk program on a periodic basis. Results of these reviews are presented to management and the Audit and Compliance Committee of the Board. The loan review process complements and reinforces the risk identification and assessment decisions made by lenders and credit personnel, as well as the Company’s policies and procedures. Concentrations of credit. Most of the Company’s lending activity occurs within the Commonwealth of Virginia, predominantly in the Company’s primary markets and surrounding areas. The majority of the Company’s loan portfolio consists of commercial real estate loans. The Company manages this risk by using specific underwriting policies and procedures for these types of loans and by avoiding excessive concentrations to any one business or industry. Related party loans. In the ordinary course of business, the Company has granted loans to certain directors, principal officers and their affiliates (collectively referred to as “related party loans”). Activity in related party loans during 2019 and 2018 is presented in the following table. (in thousands) 2019 2018 Balance outstanding at beginning of year $ 21,404 $ 21,443 Principal additions 225 2,199 Principal reductions (1,329 ) (2,238 ) Balance outstanding at end of year $ 20,300 $ 21,404 Past due, non-accrual and charged-off loans . Loans are considered past due if the required principal and interest payments have not been received as of the date such payments were due. Loans are placed on non-accrual status when, in management’s opinion, the borrower may be unable to meet payment obligations as they become due. In determining whether or not a borrower may be unable to meet payment obligations for each class of loans, the Company considers the borrower’s debt service capacity through the analysis of current financial information, if available, and/or current information with regards to the Company’s collateral position. Regulatory provisions generally require a loan to be placed on non-accrual status if (i) principal or interest has been in default for a period of 90 days or more unless the loan is both well secured and in the process of collection or (ii) full payment of principal and interest is not expected. Loans may be placed on non-accrual status regardless of whether or not such loans are considered past due. When interest accrual is discontinued, all unpaid accrued interest is reversed. Interest income on non-accrual loans is recognized only to the extent that cash payments are received in excess of principal due. A loan may be returned to accrual status when all the principal and interest amounts contractually due are brought current and future principal and interest amounts contractually due are reasonably assured, which is typically evidenced by a sustained period (at least six months) of repayment performance by the borrower. Loans are charged off when 120 days past due. Smaller, unsecured consumer loans, including the student loan portfolio, are typically charged-off when management judges such loans to be uncollectible or the borrowers file for bankruptcy; these loans are generally not placed in non-accrual status prior to charge-off. The Company has contracted with a third party to proactively manage the collections of past due student loans; this third party has extensive experience and specializes in this type of asset management. Student loans purchased which were 120 or more days past due as of July 27, 2018, were placed in non-accrual based on the loss of insurance on these loans. The Company filed claims for these non-accrual loans with the liquidator of ReliaMax Surety, which issued surety bonds on the student loan portfolio. In the fourth quarter of 2019, the Company collected $311,000 in principal and $9,000 toward interest outstanding on those claims approved by the liquidator. Non-accrual loans are shown below by class: (in thousands) December 31, 2019 December 31, 2018 Land and land development $ 279 $ 32 1-4 family residential mortgages, first lien, owner occupied - 82 Student loans purchased - 445 Commercial and industrial - organic 20 56 Total nonaccrual loans $ 299 $ 615 The following tables show the aging of past due loans as of December 31, 2019 and December 31, 2018. Past Due Aging as of December 31, 2019 30-59 Days Past Due 60-89 Days Past Due 90 Days or More Past Due Total Past Due Current Total Loans 90 Days Past Due and Still Accruing (in thousands) Commercial loans Commercial and industrial - organic $ 604 $ 20 $ - $ 624 $ 38,219 $ 38,843 $ - Commercial and industrial - government guaranteed - - 548 548 34,799 35,347 548 Commercial and industrial - syndicated - - - - 6,398 6,398 - Real estate construction and land Residential construction - - - - 2,197 2,197 - Commercial construction - - - - 6,880 6,880 - Land and land development 1 - 280 281 7,782 8,063 14 Real estate mortgages 1-4 family residential, first lien, investment 188 - - 188 43,911 44,099 - 1-4 family residential, first lien, owner occupied - 123 - 123 20,548 20,671 - 1-4 family residential, junior lien - - - - 2,520 2,520 - 1-4 family residential - purchased 501 158 - 659 32,769 33,428 - Home equity lines of credit, first lien - - - - 10,268 10,268 - Home equity lines of credit, junior lien - - - - 9,671 9,671 - Farm - - - - 8,808 8,808 - Multifamily - - - - 27,093 27,093 - Commercial owner occupied - - - - 96,117 96,117 - Commercial non-owner occupied - - - - 118,561 118,561 - Consumer loans Consumer revolving credit 20 - - 20 20,061 20,081 - Consumer all other credit 43 - - 43 5,698 5,741 - Student loans purchased 697 218 209 1,124 43,623 44,747 209 Total Loans $ 2,054 $ 519 $ 1,037 $ 3,610 $ 535,923 $ 539,533 $ 771 Past Due Aging as of December 31, 2018 30-59 Days Past Due 60-89 Days Past Due 90 Days or More Past Due Total Past Due Current Total Loans 90 Days Past Due and Still Accruing (in thousands) 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 Impaired loans. Loans are considered impaired when, based on current information and events, it is probable the Company will be unable to collect all amounts when due in accordance with the original contractual terms of the loan agreement, including scheduled principal and interest payments. Impairment is evaluated on an individual loan basis. If a loan is impaired, a specific valuation allowance is allocated, if necessary, so that the loan is reported net of the impairment, using either the present value of estimated future cash flows at the loan’s existing rate or at the fair value of collateral if repayment is expected solely from the collateral. Interest payments on impaired loans are typically applied to principal unless collectability of the principal amount is reasonably assured, in which case interest is recognized on a cash basis. Impaired loans, or portions thereof, are charged off when deemed uncollectible. Regulatory guidelines require the Company to re-evaluate the fair value of collateral supporting impaired collateral dependent loans on at least an annual basis. The following tables provide a breakdown by class of the loans classified as impaired loans as of December 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 the twelve months ended December 31, 2019 and December 31, 2018. Interest income recognized is for the years ended December 31, 2019 and December 31, 2018. December 31, 2019 Recorded Investment Unpaid Principal Balance Associated Allowance Average Recorded Investment Interest Income Recognized (in thousands) Impaired loans without a valuation allowance: Land and land development $ 279 $ 324 $ - $ 67 $ 13 1-4 family residential mortgages, first lien, owner occupied - - - 20 2 1-4 family residential mortgages, junior lien 117 117 122 6 Commercial non-owner occupied real estate 879 879 - 900 48 Commercial and industrial - organic 20 20 - 3 1 Total impaired loans without a valuation allowance 1,295 1,340 - 1,112 70 Impaired loans with a valuation allowance Student loans purchased 1,184 1,184 21 1,549 86 Total impaired loans with a valuation allowance 1,184 1,184 21 1,549 86 Total impaired loans $ 2,479 $ 2,524 $ 21 $ 2,661 $ 156 December 31, 2018 Recorded Investment Unpaid Principal Balance Associated Allowance Average Recorded Investment Interest Income Recognized (in thousands) 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 Troubled debt restructurings (“TDRs”) are also considered impaired loans. TDRs occur when the Bank 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 classified 67 of its student loans purchased as TDRs for a total of $1.2 million as of December 31, 2019. The Company classified 66 of its student loans purchased as TDRs for a total of $1.2 million as of December 31, 2018. These borrowers, who should have been in repayment, requested and were granted payment extensions 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 termination of the surety bond on 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 modified loans that continue to accrue interest under the terms of the restructuring agreement, which are considered to be performing, and modified loans that have been placed in non-accrual status, which are considered to be nonperforming. Troubled debt restructurings (TDRs) December 31, 2019 December 31, 2018 (in thousands) No. of Loans Recorded Investment No. of Loans Recorded Investment Performing TDRs 1-4 family residential mortgages, junior lien 1 $ 117 1 $ 127 Commercial non-owner occupied real estate 1 879 1 923 Student loans purchased 67 1,184 65 1,157 Total performing TDRs 69 $ 2,180 67 $ 2,207 Nonperforming TDRs Student loans purchased - - 1 4 Land and land development 1 $ 13 1 $ 19 Total nonperforming TDRs 1 $ 13 2 $ 23 Total TDRs 70 $ 2,193 69 $ 2,230 A summary of loans shown above that were modified as TDRs during the years ended December 31, 2019 and 2018 is shown below by class. Loans modified as TDRs that were fully paid down, charged-off, or foreclosed upon by period end are not reported. The Post-Modification Recorded Balance reflects any interest or fees from the original loan which may have been added to the principal balance on the new note as a condition of the TDR. Additionally, the Post-Modification Recorded Balance is reported below at the period end balances, inclusive of all partial principal pay downs and principal charge-offs since the modification date. During year ended During year ended (in thousands) December 31, 2019 December 31, 2018 Number of Loans Pre- Modification Recorded Balance Post- Modification Recorded Balance Number of Loans Pre- Modification Recorded Balance Post- Modification Recorded Balance Student loans purchased 22 $ 230 $ 230 12 $ 244 $ 244 Total loans modified during the period 22 $ 230 $ 230 12 $ 244 $ 244 During the year ended December 31, 2019, there were three loans modified as TDRs that subsequently defaulted which had been modified as TDRs during the twelve months prior to default. These student loans had balances totaling $23,000 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 December 31, 2019 or December 31, 2018.

Allowance for Loan Losses

Allowance for Loan Losses	12 Months Ended
	Dec. 31, 2019
Allowance For Loan Losses [Abstract]
Allowance for Loan Losses	Note 4 – Allowance for Loan Losses A summary of the transactions in the allowance for loan losses for the years ended December 31, 2019 and 2018 appears below: (in thousands) 2019 2018 Balance, beginning of period $ 4,891 $ 4,043 Loans charged off (2,259 ) (1,097 ) Recoveries 202 72 Net charge-offs (2,057 ) (1,025 ) Provision for loan losses 1,375 1,873 Balance, December 31 $ 4,209 $ 4,891 Management has an established methodology to determine the adequacy of the allowance for loan losses that assesses the risks and losses inherent in the loan portfolio. For purposes of determining the allowance for loan losses, the Company has segmented certain loans in the portfolio by product type. Within these segments, the Company has sub-segmented its portfolio by classes, 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 1-4 family residential, first lien - purchased 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 pools, was placed into liquidation due to insolvency. As such, the historical charge-off rate on this portfolio is determined by using the Company’s own losses/charge-offs since July 1, 2018, together with prior insurance claim history. 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 government guaranteed loans – These loans require no reserve as these are 100% guaranteed by either the SBA or the USDA. • Commercial and industrial syndicated loans - Beginning with the quarter ended September 30, 2016, migration analysis was utilized on the Pass pool. For all other pools, there was not an established loss history; therefore the S&P credit and recovery ratings on the credit facilities were utilized to calculate a three-year weighted average historical default rate. As of December 31, 2019, only migration analysis was utilized since all outstanding syndicated loans at that time were in the Pass pool. 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, an independent loan review of a portion of the Company’s loan portfolio is performed periodically. Loans that trend upward toward more positive risk ratings generally have a lower risk factor associated. 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 is 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 is applied, as these loans represent a low risk and are secured by marketable collateral within margin. In an abundance of caution, a nominal loss reserve is applied to these loans. 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 are evaluated on an individual basis. The following represents the loan portfolio designated by the internal risk ratings assigned to each credit at December 31, 2019 and 2018. There were no loans rated “Doubtful” as of either period. December 31, 2019 Excellent Good Pass Watch Special Mention Sub- standard TOTAL (in thousands) Commercial Commercial and industrial - organic $ 6,463 $ 16,453 $ 14,257 $ 1,493 $ 37 $ 140 $ 38,843 Commercial and industrial - government guaranteed 35,347 - - - - - 35,347 Commercial and industrial - syndicated - - 6,398 - - - 6,398 Real estate construction Residential construction - - 2,197 - - - 2,197 Commercial construction - - 6,880 - - - 6,880 Land and land development - - 7,563 207 - 293 8,063 Real estate mortgages 1-4 family residential, first lien, investment - - 39,641 4,076 - 382 44,099 1-4 family residential, first lien, owner occupied - - 19,578 1,040 - 53 20,671 1-4 family residential, junior lien - - 2,029 33 17 441 2,520 1-4 family residential, first lien - purchased - - 33,428 - - - 33,428 Home equity lines of credit, first lien - - 9,591 677 - - 10,268 Home equity lines of credit, junior lien - - 9,357 232 - 82 9,671 Farm - - 6,149 318 - 2,341 8,808 Multifamily - - 26,690 403 - - 27,093 Commercial owner occupied - - 86,884 5,928 1,677 1,628 96,117 Commercial non-owner occupied - - 116,092 1,558 - 911 118,561 Consumer Consumer revolving credit 279 19,176 606 20 - - 20,081 Consumer all other credit 199 5,035 507 - - - 5,741 Student loans purchased - - 42,598 1,729 211 209 44,747 Total Loans $ 42,288 $ 40,664 $ 430,445 $ 17,714 $ 1,942 $ 6,480 $ 539,533 December 31, 2018 Excellent Good Pass Watch Special Mention Sub- standard TOTAL (in thousands) 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 to the historical factors, the adequacy of the Company’s allowance for loan losses is evaluated through reference to eight qualitative factors, listed below and ranked in order of importance: 1) Changes in national and local economic conditions, including the condition of various market segments; 2) Changes in the value of underlying collateral; 3) Changes in volume of classified assets, measured as a percentage of capital; 4) Changes in volume of delinquent loans; 5) The existence and effect of any concentrations of credit and changes in the level of such concentrations; 6) Changes in lending policies and procedures, including underwriting standards; 7) Changes in the experience, ability and depth of lending management and staff; 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 the various segments. Although this evaluation is inherently subjective, qualified management utilizes its significant knowledge and experience related to both the market and history of the Company’s loan losses. During these evaluations, particular characteristics associated with a segment of the loan portfolio are also considered. These characteristics are detailed below: • Commercial loans not secured by real estate carry risks associated with the successful operation of a business, and the repayments of these loans depend on the profitability and cash flows of the business. Additional risk relates to the value of collateral where depreciation occurs and the valuation is less precise. • Commercial loans purchased from the syndicated loan market generally represent shared national credits, which are participations in loans or loan commitments that are shared by three or more banks. Included in the Company’s shared national credit portfolio are purchased participations and assignments in leveraged lending transactions. Leveraged lending transactions are generally used to support a merger- or acquisition-related transaction, to back a recapitalization of a company's balance sheet or to refinance debt. When considering a participation in the leveraged lending market, the Company participates only in first lien senior secured term loans. To further minimize risk, the Company has developed policies to limit overall credit exposure to the syndicated market as a whole, as well as limits by industry and borrower. • Loans secured by commercial real estate also carry risks associated with the success of the business and the ability to generate a positive cash flow sufficient to service debts. Real estate security diminishes risks only to the extent that a market exists for the subject collateral. • Consumer loans carry risks associated with the continued creditworthiness of the borrower and the value of the collateral, such as automobiles which may depreciate more rapidly than other assets. In addition, these loans may be unsecured. Consumer loans are more likely than real estate loans to be immediately affected in an adverse manner by job loss, divorce, illness or personal bankruptcy. Consumer loans are further segmented into consumer revolving lines, all other consumer loans and student loans purchased. • Real estate secured construction loans carry risks that a project will not be completed as scheduled and budgeted and that the value of the collateral may, at any point, be less than the principal amount of the loan. Additional risks may occur if the general contractor, who may not be a loan customer, is unable to finish the project as planned due to financial pressures unrelated to the project. • Residential real estate loans carry risks associated with the continued creditworthiness of the borrower and changes in the value of the collateral. In addition, for investor-owned residential real estate, the repayment may be volatile as leases are generally shorter term in nature. Impaired loans are individually evaluated and, if deemed appropriate, a specific allocation is made for these loans. In reviewing the loans classified as impaired totaling $2.5 million at December 31, 2019, there was $21,000 in valuation allowance on these loans after consideration was given for each borrowing as to the fair value of the collateral on the loan or the present value of expected future cash flows from the customer. Allowance for Loan Losses Rollforward by Portfolio Segment As of and for the year ended December 31, 2019 (in thousands) Commercial Loans Real Estate Construction and Land Real Estate Mortgages Consumer Loans Total Allowance for Loan Losses: Balance as of beginning of year $ 811 $ 119 $ 2,611 $ 1,350 $ 4,891 Charge-offs (482 ) - - (1,777 ) (2,259 ) Recoveries 51 1 14 136 202 Provision for (recovery of) loan losses (78 ) (11 ) 59 1,405 1,375 Ending Balance $ 302 $ 109 $ 2,684 $ 1,114 $ 4,209 Ending Balance: Individually evaluated for impairment $ - $ - $ - $ 21 $ 21 Collectively evaluated for impairment 302 109 2,684 1,093 4,188 Loans: Individually evaluated for impairment $ 20 $ 279 $ 996 $ 1,184 $ 2,479 Collectively evaluated for impairment 80,568 16,861 370,240 69,385 537,054 Ending Balance $ 80,588 $ 17,140 $ 371,236 $ 70,569 $ 539,533 As of and for the year ended December 31, 2018 (in thousands) Commercial Loans Real Estate Construction and Land Real Estate Mortgages Consumer Loans Total Allowance for Loan Losses: Balance as of beginning of year $ 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

Premises and Equipment

Premises and Equipment	12 Months Ended
	Dec. 31, 2019
Property Plant And Equipment [Abstract]
Premises and Equipment	Note 5 – Premises and equipment are summarized as follows: (in thousands) December 31, 2019 December 31, 2018 Leasehold improvements $ 14,713 $ 14,594 Building and land 1,215 1,215 Construction and fixed assets in progress 68 434 Furniture and equipment 6,636 6,513 Computer software 2,618 2,305 $ 25,250 $ 25,061 Less: accumulated depreciation and amortization 19,105 18,019 $ 6,145 $ 7,042

Leases

Leases	12 Months Ended
	Dec. 31, 2019
Leases [Abstract]
Leases	Note 6 - 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. At December 31, 2019, the Company had leased certain of its banking and operations offices, or the land on which such offices were built, under operating lease agreements on terms ranging from 1 to 20 years, most with renewal options. 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. Refer to Note 12 – Related Party Transactions for information regarding leasing transactions with related parties. The following tables present information about the Company’s leases (dollars in thousands): December 31, 2019 Lease liability $ 3,604 Right-of-use asset $ 3,576 Weighted average remaining lease term 5.04 years Weighted average discount rate 2.83 % Lease Expense 2019 2018 Operating lease expense $ 815 NR* Short-term lease expense 137 NR* Total lease expense $ 952 $ 913 Cash paid for amounts included in lease liabilities $ 788 NR* NR* = not required 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 December 31, 2019 Twelve months ending December 31, 2020 799 Twelve months ending December 31, 2021 807 Twelve months ending December 31, 2022 768 Twelve months ending December 31, 2023 680 Twelve months ending December 31, 2024 469 Thereafter 354 Total undiscounted cash flows $ 3,877 Less: Discount (273 ) Lease liability $ 3,604

Intangible Assets

Intangible Assets	12 Months Ended
	Dec. 31, 2019
Goodwill And Intangible Assets Disclosure [Abstract]
Intangible Assets	Note 7 – Intangible Assets On February 1, 2016 (the “Effective Date”), VNB Wealth purchased the book of business, including interest in the client relationships, (“Purchased Relationships”), from an officer (the “Seller”) of VNB Wealth pursuant to an employment and asset purchase agreement (the “Purchase Agreement”). Prior to becoming an employee of the Company and until the Effective Date of the sale, the Seller provided services to these Purchased Relationships as a sole proprietor. As of January 15, 2016, the fair value of the assets under management associated with the Purchased Relationships totaled $31.5 million. Under the terms of the Purchase Agreement, the Company will receive all future revenue for investment management, advisory, brokerage, insurance, consulting, trust and related services performed for the Purchased Relationships. The purchase price of $1.2 million was payable over a five year period with the last payment being made in January 2020. During the first quarter of 2016, the Company recognized goodwill and other intangible assets arising from this purchase. As required under ASC Topic 805, “Business Combinations,” using the acquisition method of accounting, below is a summary of the net asset values, as determined by an independent third party, based on the fair value measurements and the purchase price. The intangible assets identified below will be amortized using a straight line method over the estimated useful life, and the amortized cost will be shown as noninterest expense. In accordance with ASC 350, “Intangibles-Goodwill and Other,” the Company will review the carrying value of indefinite lived goodwill at least annually or more frequently if certain impairment indicators exist. (dollars in thousands) Fair Value % of Total Intangible Assets Estimated Economic Useful Life Identified Intangible Assets Non-Compete Agreement $ 103 9.0 % 3 years Customer Relationships Intangible 670 58.5 % 10 years Total Identified Intangible Assets $ 773 67.5 % Goodwill $ 372 32.5 % Indefinite Total Intangible Assets $ 1,145 100.0 % Through the twelve months ended December 31, 2019, the Company recognized $83,000 in amortization expense from these identified intangible assets with a finite life. The net carrying value of $408,000 will be recognized as amortization expense in future reporting periods through 2026. The following shows the gross and net balance of these intangible assets as of December 31, 2019. (in thousands) Gross Carrying Value Accumulated Amortization Net Carrying Value Identified Intangible Assets Non-Compete Agreement $ 103 $ 103 $ — Customer Relationships Intangible 670 262 $ 408 Total Identified Intangible Assets $ 773 $ 365 $ 408 As of December 31, 2019, the Company carried a contingent liability of $28,000, representing the net of the fair value of the purchase price, less the first four payments made to the Seller. The remaining annual payment as delineated in the Purchase Agreement was paid from this liability in January 2020.

Deposits

Deposits	12 Months Ended
	Dec. 31, 2019
Deposits [Abstract]
Deposits	Note 8 – Deposits At December 31, 2019, the scheduled maturities of time deposits are as follows: 2020 $ 84,212 2021 22,231 2022 1,000 2023 928 2024 907 $ 109,278 The aggregate amount of time deposits with a minimum balance of $250,000 was $38.4 million at December 31, 2019 and $28.0 million at December 31, 2018. Included in the time deposits reported above are Certificate of Deposit Account Registry Service CDs, known as CDARS TM TM The Company implemented an Insured Cash Sweep ® ® ® ® The company had no deposits to report as brokered deposits as of December 31, 2019 or 2018. Deposit account overdrafts reported as loans totaled $197,000 and $26,000 at December 31, 2019 and 2018, respectively. The Company has entered into deposit transactions with certain directors, principal officers and their affiliates (collectively referred to as “related party deposits”), all of which are under the same terms as other customers. The aggregate amount of these related party deposits was $15.4 million and $6.3 million as of December 31, 2019 and 2018, respectively.

Income Taxes

Income Taxes	12 Months Ended
	Dec. 31, 2019
Income Tax Disclosure [Abstract]
Income Taxes	Note 9 – Income Taxes The Company files tax returns in the U.S. federal jurisdiction. With few exceptions, the Company is no longer subject to U.S. federal tax examinations by tax authorities for years prior to 2016. The Commonwealth of Virginia assesses a Bank Franchise Tax on banks instead of a state income tax. The Bank Franchise Tax expense is reported in noninterest expense, and the calculation of that tax is unrelated to taxable income. Net deferred tax assets consist of the following components as of year-end: (in thousands) 2019 2018 Deferred tax assets: Allowance for loan losses $ 884 $ 1,027 Non-accrual loan interest 4 15 Stock option/grant expense 20 32 Start-up expenses 43 47 Home equity closing costs 24 27 Deferred compensation expense 9 10 Goodwill and other intangible assets 12 14 Lease accounting standard 6 - Securities available for sale unrealized loss 11 339 Depreciation 477 404 $ 1,490 $ 1,915 Deferred tax liabilities: Deferred loan costs 21 27 21 27 Net deferred tax assets $ 1,469 $ 1,888 The provision for income taxes charged to operations for years ended December 31, 2019 and 2018 consists of the following: (in thousands) 2019 2018 Current tax expense $ 1,436 $ 2,303 Deferred tax expense (benefit) 91 (234 ) Provision for income taxes $ 1,527 $ 2,069 The Company’s income tax provision differs from the amount of income tax determined by applying the U.S. federal income tax rate to pretax income for the years ended December 31, 2019 and 2018 due to the following: (dollars in thousands) 2019 2018 Federal statutory rate 21% 21% Computed statutory tax expense $ 1,726 $ 2,213 Increase (decrease) in tax resulting from: Tax-exempt interest income (62 ) (74 ) Tax-exempt income from Bank Owned Life Insurance (BOLI) (168 ) (94 ) Stock option expense 10 7 Stock option exercise benefit (15 ) (18 ) Other expenses 36 35 Provision for income taxes $ 1,527 $ 2,069

Commitments and Contingent Liab

Commitments and Contingent Liabilities	12 Months Ended
	Dec. 31, 2019
Commitments And Contingencies Disclosure [Abstract]
Commitments and Contingent Liabilities	Note 10 – Commitments and Contingent Liabilities In the normal course of business, there are various outstanding commitments and contingent liabilities, which are not reflected in the accompanying consolidated financial statements. The Company does not anticipate any material loss as a result of these transactions. As a member of the Federal Reserve System, the Company is required to maintain certain average clearing balances. Those balances include amounts on deposit with the Federal Reserve. For the final weekly reporting period in the years ended December 31, 2019 and December 31, 2018, no daily average required balances were required for either year.

Financial Instruments With Off-

Financial Instruments With Off-Balance Sheet Risk and Credit Risk	12 Months Ended
	Dec. 31, 2019
Risks And Uncertainties [Abstract]
Financial Instruments With Off-Balance Sheet Risk and Credit Risk	Note 11 – Financial Instruments with Off-Balance Sheet Risk and Credit Risk The Company is a party to financial instruments with off-balance-sheet risk in the normal course of business to meet the financing needs of its customers. These financial instruments consist primarily of commitments to extend credit, such as unfunded lines of credit and standby letters of credit. The Company also treats authorization limits for originating Automated Clearing House (“ACH”) transactions as commitments. In addition to the amounts shown below, the Company has extended commitment letters at December 31, 2019 in the amount of $14.4 million to various borrowers. At December 31, 2018, commitment letters totaled $9.5 million. Commitment letters are done in the normal course of business and typically expire after 120 days. All of these off-balance-sheet instruments involve, to varying degrees, elements of credit risk in excess of the amount recognized in the balance sheet, although material losses are not anticipated. The contract or notional amounts of those instruments reflect the extent of involvement the Company has in particular classes of financial instruments. The Company’s exposure to credit loss in the event of nonperformance by the other party to the financial instrument for commitments to extend credit is represented by the contractual notional amount of those instruments. The Company uses the same credit policies in making commitments and conditional obligations as it does for on-balance-sheet instruments. The totals for financial instruments whose contract amount represents credit risk are shown below: Notional Amount (in thousands) December 31, 2019 December 31, 2018 Unfunded lines-of-credit $ 106,784 $ 88,323 ACH 18,665 20,131 Letters of credit 5,351 5,744 Total $ 130,800 $ 114,198 Commitments to extend credit are agreements to lend to a customer as long as there is no violation of any condition established in the contract. Commitments generally have fixed expiration dates or other termination clauses and may require payment of a fee. Since many of the commitments are expected to expire without being drawn upon, the total commitment amounts do not necessarily represent future cash requirements. The Company evaluates each customer’s creditworthiness on a case-by-case basis. The amount of collateral, if deemed necessary by the Company upon extension of credit, is based on management’s credit evaluation of the counterparty. Collateral normally consists of real property. Standby letters of credit are conditional commitments by the Company to guarantee the performance of a customer to a third party. Those guarantees are primarily issued to support public and private borrowing arrangements, including commercial paper, bond financing, and similar transactions. The credit risk involved in issuing letters of credit is essentially the same as that involved in extending loan facilities to customers. The Company holds real estate and bank deposits as collateral supporting those commitments for which collateral is deemed necessary. The Company has approximately $5.9 million in deposits in other financial institutions in excess of amounts insured by the FDIC at December 31, 2019.

Related Party Transactions

Related Party Transactions	12 Months Ended
	Dec. 31, 2019
Related Party Transactions [Abstract]
Related Party Transactions	Note 12 – Related Party Transactions From time to time, the Company and its subsidiaries have business dealings with companies owned by directors and beneficial shareholders of the Company. Payments made to these companies that exceeded the disclosure threshold of $120,000 in 2019 are reported below. In 2019 and 2018, leasing/rental expenditures of $500,000 and $492,000 respectively, (including reimbursements for taxes, insurance, and other expenses) were paid to an entity indirectly owned by a director of the Company.

Capital Requirements

Capital Requirements	12 Months Ended
	Dec. 31, 2019
Regulatory Capital Requirements [Abstract]
Capital Requirements	Note 13 – Capital Requirements The Bank is subject to various regulatory capital requirements administered by the federal banking agencies. Failure to meet minimum capital requirements can initiate certain mandatory, and possibly additional discretionary, actions by regulators that, if undertaken, could have a direct material effect on the Bank’s consolidated financial statements. Under capital adequacy guidelines and the regulatory framework for prompt corrective action, the Bank must meet specific capital guidelines that involve quantitative measures of assets, liabilities, and certain off-balance-sheet items as calculated under regulatory accounting practices. The capital amounts and classifications are also subject to qualitative judgments by the regulators about components, risk weightings, and other factors. Federal banking regulations also impose regulatory capital requirements on bank holding companies. However, in August 2018, the Federal Reserve Board issued an interim final rule, which was effective August 30, 2018, that expanded its small bank holding company policy statement (the “SBHC Policy Statement”) to bank holding companies with total consolidated assets of less than $3 billion (up from the prior $1 billion threshold). Under the SBHC Policy Statement, qualifying bank holding companies have additional flexibility in the amount of debt they can issue and are also exempt from the Basel III Capital Rules (subsidiary depository institutions of qualifying bank holding companies are still subject to capital requirements). The Company currently has less than $3 billion in total consolidated assets and would likely qualify under the revised SBHC Policy Statement. However, the Company does not currently intend to issue a material amount of debt or take any other action that would cause its capital ratios to fall below the minimum ratios required by the Basel III Capital Rules. The Basel III regulatory capital rules effective January 1, 2015 required the Company and its subsidiaries to comply with the following new minimum capital ratios: (i) a new common equity Tier 1 capital ratio of 4.50% of risk-weighted assets; (ii) a Tier 1 capital ratio of 6.00% of risk-weighted assets (increased from the prior requirement of 4.00%); (iii) a total capital ratio of 8.00% of risk-weighted assets (unchanged from the prior requirement); and (iv) a leverage ratio of 4.00% of total assets (unchanged from the prior requirement). These were the initial capital requirements. Beginning January 1, 2016 a capital conservation buffer requirement began to be phased in over a four-year period, beginning at 0.625% of risk-weighted assets and increasing annually to 2.50% at January 1, 2019. Therefore, for the calendar year 2019, this 2.50% buffer effectively results in the minimum The Bank’s capital ratios remained well above the levels designated by bank regulators as “well capitalized” at December 31, 2019. To be categorized as well capitalized, the Bank must maintain minimum total risk-based, Tier 1 risk-based, and Tier 1 leverage ratios as set forth in the table below. There are no conditions or events since that management believes have changed the institution’s category. On September 17, 2019 the Federal Deposit Insurance Corporation finalized a rule that introduces an optional simplified measure of capital adequacy for qualifying community banking organizations, referred to as, the community bank leverage ratio (CBLR) framework, as required by the Economic Growth, Regulatory Relief and Consumer Protection Act. The CBLR framework is designed to reduce burden by removing the requirements for calculating and reporting risk-based capital ratios for qualifying community banking organizations that opt into the framework. In order to qualify for the CBLR framework, a community banking organization must have a tier 1 leverage ratio of greater than 9 percent, less than $10 billion in total consolidated assets, and limited amounts of off-balance-sheet exposures and trading assets and liabilities. A qualifying community banking organization that opts into the CBLR framework and meets all requirements under the framework will be considered to have met the well-capitalized ratio requirements under the Prompt Corrective Action regulations and will not be required to report or calculate risk-based capital. The CBLR framework will be available for banks to use in their March 31, 2020 Call Report. The Bank has decided not to opt into the CBLR framework. The Bank calculates its regulatory capital under the Basel III regulatory capital framework. The table below summarizes the Bank’s regulatory capital and related ratios for the periods presented: December 31, 2019 Minimum (dollars in thousands) To Be Well Capitalized Minimum Capital Under Prompt Corrective Actual Requirement Action Provisions Amount Ratio Amount Ratio Amount Ratio Total Capital (To Risk Weighted Assets) Bank $ 79,058 14.98 % $ 42,225 8.00 % $ 52,781 10.00 % Common Equity Tier 1 Capital (To Risk Weighted Assets) Bank $ 74,819 14.18 % $ 23,751 4.50 % $ 34,308 6.50 % Tier 1 Capital (To Risk Weighted Assets) Bank $ 74,819 14.18 % $ 31,668 6.00 % $ 42,225 8.00 % Tier 1 Capital (To Average Assets) Bank $ 74,819 10.73 % $ 27,891 4.00 % $ 34,864 5.00 % December 31, 2018 Minimum (dollars in thousands) To Be Well Capitalized Minimum Capital Under Prompt Corrective Actual Requirement Action Provisions Amount Ratio Amount Ratio Amount Ratio Total Capital (To Risk Weighted Assets) Bank $ 75,491 14.41 % $ 41,914 8.00 % $ 52,393 10.00 % Common Equity Tier 1 Capital (To Risk Weighted Assets) Bank $ 70,570 13.47 % $ 23,577 4.50 % $ 34,055 6.50 % Tier 1 Capital (To Risk Weighted Assets) Bank $ 70,570 13.47 % $ 31,436 6.00 % $ 41,914 8.00 % Tier 1 Capital (To Average Assets) Bank $ 70,570 11.05 % $ 25,544 4.00 % $ 31,930 5.00 %

Dividend Restrictions

Dividend Restrictions	12 Months Ended
	Dec. 31, 2019
Disclosure Of Restrictions On Dividends Loans And Advances Disclosure [Abstract]
Dividend Restrictions	Note 14 – Dividend Restrictions The primary source of funds for the dividends paid by the Company to shareholders is dividends received from the Bank. Federal regulations limit the amount of dividends which the Bank can pay to the Company without obtaining prior approval. The amount of cash dividends that the Bank may pay is limited to current year earnings plus retained net profits for the two preceding years. In addition, dividends paid by the Bank would be prohibited if the effect thereof would cause the Bank’s capital to be reduced below applicable minimum capital requirements. In addition to the regulatory limits, the Company’s Board of Directors, under current policies, will generally only consider a cash dividend payment to shareholders that, when combined with any previous cash dividends paid within the last 12 months, does not exceed 50% of the Bank’s after-tax earnings for the preceding 12-months, or 60% if the previous three quarterly dividends are not within the preceding 12 months. At December 31, 2019, the maximum amount of retained earnings available to the Bank for cash dividends to the Company was $16,833,000.

Fair Value Measurements

Fair Value Measurements	12 Months Ended
	Dec. 31, 2019
Fair Value Disclosures [Abstract]
Fair Value Measurements	Note 15 – Fair Value Measurements Determination of Fair Value The Company uses fair value measurements to record fair value adjustments to certain assets and liabilities and to determine fair value disclosures. In accordance with the “Fair Value Measurements and Disclosures” topic of FASB ASC 825, 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 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 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: Fair Value Measurements at December 31, 2019 Using: (in thousands) Quoted Prices in Active Markets for Identical Assets Significant Other Observable Inputs Significant Unobservable Inputs Description Balance (Level 1) (Level 2) (Level 3) Assets U.S. Government agencies $ 14,952 $ - $ 14,952 $ - Corporate bonds 7,469 7,469 Mortgage-backed securities/CMOs 71,732 - 71,732 - Municipal bonds 19,888 - 19,888 - Total securities available for sale $ 114,041 $ - $ 114,041 $ - Fair Value Measurements at December 31, 2018 Using: sin thousands) Quoted Prices in Active Markets for Identical Assets Significant Other Observable Inputs Significant Unobservable 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 financial 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 writedowns of individual assets. The following describes the valuation techniques used by the Company to measure certain financial assets recorded at fair value on a nonrecurring basis in the consolidated financial statements: Other real estate owned Other real estate owned is measured at fair value less cost to sell, based on an appraisal conducted by an independent, licensed appraiser outside of the Company (Level 2). 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. The Company had no OREO at December 31, 2019 or December 31, 2018. 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 (Level 2) or the net book value on the applicable business’ financial statements if not considered significant (Level 3). 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 in the Consolidated Statements of Income. The Company had $2.5 million and $2.8 million in impaired loans as of December 31, 2019 and December 31, 2018, respectively. All impaired loans were measured based on expected cash flows discounted at the loan’s effective interest rate. 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 are as follows: Fair Value Measurements at December 31, 2019 Using: (in thousands) Quoted Prices in Active Markets for Identical Assets Significant Other Observable Inputs Significant Unobservable Inputs Carrying value Level 1 Level 2 Level 3 Fair Value Assets Cash and cash equivalent $ 19,085 $ 19,085 $ - $ - $ 19,085 Available for sale securities 114,041 - 114,041 - 114,041 Loans, net 535,324 - - 523,507 523,507 Bank owned life insurance 16,412 - 16,412 - 16,412 Accrued interest receivable 2,240 - 385 1,855 2,240 Liabilities Demand deposits and interest-bearing transaction and money market accounts $ 511,933 $ - $ 511,933 $ - $ 511,933 Certificates of deposit 109,278 - 109,846 - 109,846 Repurchase agreements and other borrowings - - - - - Accrued interest payable 295 - 295 - 295 Fair Value Measurements at December 31, 2018 Using: (in thousands) Quoted Prices in Active Markets for Identical Assets Significant Other Observable Inputs Significant Unobservable 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 Repurchase agreements and other borrowings - - - - - 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. As a result, the fair values of the Company’s financial instruments will change when interest rate levels change, and that change may be either favorable or unfavorable to the Company. Management attempts to match maturities of assets and liabilities to the extent believed necessary to minimize interest rate risk; however, borrowers with fixed rate obligations are less likely to prepay in a rising rate environment and more likely to prepay in a falling rate environment. Conversely, depositors who are receiving fixed rates are more likely to withdraw funds before maturity in a rising rate environment and less likely to do so in a falling rate environment. Management monitors rates and maturities of assets and liabilities and attempts to minimize interest rate risk by adjusting terms of new loans and deposits and by investing in securities with terms that mitigate the Company’s overall interest rate risk.

Other Noninterest Expenses

Other Noninterest Expenses	12 Months Ended
	Dec. 31, 2019
Other Expenses [Abstract]
Other Noninterest Expenses	Note 16 – Other Noninterest Expenses The Company had the following other noninterest expenses as of the dates indicated: (in thousands) For the Year Ended December 31 2019 2018 ATM, debit and credit card $ 190 $ 207 Bank franchise tax 591 469 Computer software 529 424 Marketing, advertising and promotion 539 715 Professional fees 771 797 Other 2,065 1,943 $ 4,685 $ 4,555

Employee Benefit Plans

Employee Benefit Plans	12 Months Ended
	Dec. 31, 2019
Compensation And Retirement Disclosure [Abstract]
Employee Benefit Plans	Note 17 – Employee Benefit Plans The Company has a 401(k) plan available to all employees who are at least 18 years of age. Employees are able to elect the amount to contribute, not to exceed a maximum amount as determined by Internal Revenue Service regulation. The Company matches 100% of the first 6% of employee contributions. “Vesting” refers to the rights of ownership to the assets in the 401(k) accounts. Matching contributions as well as employee contributions are fully vested immediately. The Company contributed $342,000 and $304,000 to the 401(k) plan in 2019 and 2018, respectively. These expenses represent the matching contribution by the Company.

Stock Incentive Plans

Stock Incentive Plans	12 Months Ended
	Dec. 31, 2019
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]
Stock Incentive Plans	Note 18 – 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 275,625 shares of the Company’s common stock, as adjusted by the 5% stock dividend effective July 5, 2019 (the “2019 Stock Dividend”) and the 5% stock dividend effective April 13, 2018 (the “2018 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, unrestricted stock and other stock based awards. No new grants will be issued under the 2005 Plan as this plan has expired. For all of the Company’s stock incentive plans (the “Plans”), the option price of incentive options will not be less than the fair value of the stock at the time an option is granted. Nonqualified options may be granted at prices established by the Board of Directors, including prices less than the fair value on the date of grant. Outstanding 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 Company’s stock incentive plans (the “Plans”) is shown below as of December 31, 2019. Share data and exercise price range per share have been adjusted to reflect the 2019 Stock Dividend and the 2018 Stock Dividend (collectively, “5% Stock Dividends”) and, with respect to the 2005 Plan, the 15% stock dividend effective June 30, 2011 (together with the 5% Stock Dividends, the “Stock Dividends”). Although the 2005 Plan has expired and no new grants will be issued under this plan, there were shares issued before the plan expired which are still outstanding as shown below. 2005 Plan 2014 Plan Aggregate shares issuable 253,575 275,625 Options issued, net of forfeited and expired options (59,831 ) (96,047 ) Unrestricted stock issued - (11,535 ) Restricted stock grants issued - (4,000 ) Cancelled due to Plan expiration (193,744 ) - Remaining available for grant - 164,043 Stock grants issued and outstanding: Total vested and unvested shares - 15,535 Fully vested shares - 11,535 Option grants issued and outstanding: Total vested and unvested shares 1,379 79,404 Fully vested shares 1,379 13,171 Exercise price range $13.69 to $13.69 $27.39 to $42.62 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 for 2019 and prior years include stock options, unrestricted stock and restricted stock. All stock-based payments to employees are required to be valued using a fair value method on the date of grant and expensed based on that fair value over the applicable vesting period. 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 2019 Stock Dividend. December 31, 2019 (dollars in thousands except weighted average data) Number of Options Weighted Average Exercise Price Aggregate Intrinsic Value Outstanding at January 1, 2019 86,594 $ 36.21 Issued 12,420 37.21 Exercised (5,976 ) (17.04 ) Expired (12,255 ) (16.56 ) Outstanding at December 31, 2019 80,783 $ 40.76 $ 51 Options exercisable at December 31, 2019 14,550 $ 39.52 $ 33 There was an intrinsic value of $120,000 for the options exercised during the year ended December 31, 2019. For the years ended December 31, 2019 and 2018, the Company recognized $97,000 and $65,000, respectively, in compensation expense for stock options. As of December 31, 2019, there was $356,000 in unrecognized compensation expense for stock options remaining to be recognized in future reporting periods through 2024. For the year ended For the year ended December 31, 2019 December 31, 2018 Expected volatility 1 16.86 % 15.49 % Expected dividends 2 3.18 % 1.81 % Expected term (in years) 3 6.50 6.50 Risk-free rate 4 1.56 % 2.85 % 1 2 3 4 Summary information pertaining to options outstanding at December 31, 2019, as adjusted for Stock Dividends, is as follows: Options Outstanding Options Exercisable Exercise Price Number of Options Outstanding Weighted- Average Remaining Contractual Life Weighted- Average Exercise Price Number of Options Exercisable Weighted- Average Exercise Price $13.69 to $20.00 1,379 3.1 Years $ 13.69 1,379 $ 13.69 $20.01 to $30.00 1,103 7.2 Years 27.39 - - $30.01 to $40.00 20,820 9.2 Years 38.14 1,680 39.52 $40.01 to $42.62 57,481 8.4 Years 42.62 11,491 42.62 Total 80,783 8.5 Years $ 40.76 14,550 $ 39.52 Stock Grants On February 20, 2019, a total of 11,535 shares of unrestricted stock, as adjusted for the 2019 Stock Dividend, were granted to non-employee directors and certain members of executive management for services to be provided during the year ended December 31, 2019. The total expense for these shares of $425,000 was recognized in 2019. There were no unrestricted stocks grants awarded in or outstanding in 2018 and no expense associated with unrestricted stock grants in 2018. In addition, 4,000 shares of restricted stock were granted later in 2019 to certain members of executive management with an associated expense of $12,000 taken in 2019. As of December 31, 2019, there was $132,000 in unrecognized compensation expense for restricted stock grants remaining to be recognized in future reporting periods through 2023. There were no restricted stock grants awarded in or outstanding throughout 2018 and no associated restricted stock grant expense for 2018. December 31, 2019 (dollars in thousands except weighted average data) Number of Shares Weighted Average Grant Date Fair Value Per Share Aggregate Intrinsic Value Outstanding at January 1, 2019 - $ - Issued 15,535 36.63 $ 586 Vested (11,535 ) 36.85 (435 ) Nonvested at December 31, 2019 4,000 $ 36.00 $ 151

Net Income Per Share

Net Income Per Share	12 Months Ended
	Dec. 31, 2019
Earnings Per Share [Abstract]
Net Income Per Share	Note 19 – Net Income per Share On June 13, 2019, 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 July 5, 2019 to all shareholders of record as of the close of business on June 26, 2019. 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. 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 Dividends. 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 years ended December 31, 2019 and 2018. Potential dilutive common stock equivalents have no effect on net income available to the Company’s shareholders. The weighted average shares below as of December 31, 2019 include 4,000 shares of restricted stock that have not yet vested. No shares of restricted stock were outstanding as of December 31, 2018. The recipients of nonvested restricted shares have full voting and dividend rights. (dollars in thousands) Net Income Weighted Average Shares Per Share Amount December 31, 2019 Basic net income per share $ 6,689 2,686,866 $ 2.49 Effect of dilutive stock options 3,111 - Diluted net income per share $ 6,689 2,689,977 $ 2.49 December 31, 2018 Basic net income per share $ 8,470 2,666,902 $ 3.18 Effect of dilutive stock options 18,977 (0.03 ) Diluted net income per share $ 8,470 2,685,879 $ 3.15 In 2019 and 2018, stock options representing 78,301 and 62,750 average shares, respectively, were not included in the calculation of net income per share, as their effect would have been antidilutive.

Other Comprehensive Income

Other Comprehensive Income	12 Months Ended
	Dec. 31, 2019
Other Comprehensive Income Loss Tax [Abstract]
Other Comprehensive Income	Note 20 – Other Comprehensive Income A component of the Company’s comprehensive income, in addition to net income from operations, is the recognition of the realized gains and losses on AFS securities, net of income taxes. Reclassifications of unrealized gains and losses on AFS securities are reported in the income statement as “Gains (losses) on sales and calls” with the corresponding income tax effect reflected as a component of income tax expense. Amounts reclassified out of accumulated other comprehensive income (loss) are presented below: (in thousands) December 31, 2019 December 31, 2018 Available-for-sale securities: Realized gains on sales and calls of securities $ 74 $ - Tax effect (16 ) - Realized gains, net of tax $ 58 $ -

Segment Reporting

Segment Reporting	12 Months Ended
	Dec. 31, 2019
Segment Reporting [Abstract]
Segment Reporting	Note 21 – Segment Reporting Virginia National Bankshares Corporation 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 - The commercial banking segment involves making loans and generating deposits from individuals, businesses and charitable organizations. Loan fee income, service charges from deposit accounts, and other non-interest-related fees, such as fees for debit cards and ATM usage and fees for treasury management services, generate additional income for the Bank segment. • Sturman Wealth Advisors – Sturman Wealth Advisors, formerly known as VNB Investment Services, offers wealth management and investment advisory services. Revenue for this segment is generated primarily from investment advisory and financial planning fees, with a small and decreasing portion attributable to brokerage commissions. • VNB Trust and Estate Services – VNB Trust and Estate Services offers corporate trustee services, trust and estate administration, IRA administration and custody services. Revenue for this segment is generated from administration, service and custody fees, as well as management fees which are derived from Assets Under Management. Investment management services currently are offered through in-house and third-party managers. In addition, royalty income, in the form of fixed and incentive fees, from the sale of Swift Run Capital Management, LLC in 2013 is reported as income of VNB Trust and Estate Services. More information on royalty income and the related sale can be found under Note 1 - Summary of Significant Accounting Policies. • Masonry Capital - Masonry Capital offers investment management services for separately managed accounts and a private investment fund employing a value-based, catalyst-driven investment strategy. Revenue for this segment is generated from management fees which are derived from Assets Under Management and incentive income which is based on the investment returns generated on performance-based Assets Under Management. A management fee for administrative and technology support services provided by the Bank is allocated to the non-bank segments. For both the years ended December 31, 2019 and 2018, management fees of $100,000 were charged to the non-bank segments and eliminated in consolidated totals. Segment information for the years ended, December 31, 2019, and 2018 is shown in the following tables. Note that asset information is not reported below, as the assets previously allocated to VNB Wealth are reported at the Bank level subsequent to the merger of VNBTrust, National Association, into the Bank effective July 1, 2018; also, assets specifically allocated to the VNB Wealth lines of business are insignificant and are no longer provided to the chief operating decision maker. 2019 (in thousands) Bank Sturman Wealth Advisors VNB Trust & Estate Services Masonry Capital Consolidated Net interest income $ 21,924 $ - $ - $ - $ 21,924 Provision for loan losses 1,375 - - - 1,375 Noninterest income 3,231 605 1,284 431 5,551 Noninterest expense 15,427 591 1,170 696 17,884 Income before income taxes 8,353 14 114 (265 ) 8,216 Provision for income taxes 1,555 3 24 (55 ) 1,527 Net income (loss) $ 6,798 $ 11 $ 90 $ (210 ) $ 6,689 Prior to January 1, 2019, Virginia National Bankshares Corporation had two reportable segments, the Bank and VNB Wealth. 2018 (in thousands) Bank VNB Wealth Consolidated Net interest income $ 22,823 $ 73 $ 22,896 Provision for loan losses 1,873 - 1,873 Non-interest income 2,715 2,815 5,530 Non-interest expense 13,876 2,138 16,014 Income before income taxes 9,789 750 10,539 Provision for income taxes 1,911 158 2,069 Net income $ 7,878 $ 592 $ 8,470

Condensed Parent Company Financ

Condensed Parent Company Financial Statements	12 Months Ended
	Dec. 31, 2019
Condensed Financial Information Of Parent Company Only Disclosure [Abstract]
Condensed Parent Company Financial Statements	Note 22 – Condensed Parent Company Financial Statements Condensed financial statements pertaining only to the Parent Company are presented below. The investment in subsidiary is accounted for using the equity method of accounting. Cash dividend payments authorized by the Bank’s Board of Directors were paid to the Parent Company in 2019 and 2018, totaling $3.4 million and $2.3 million, respectively. The payment of dividends by the Bank is restricted by various regulatory limitations. Banking regulations also prohibit extensions of credit to the parent company unless appropriately secured by assets. For more detail on dividends, see Note 14 – Dividend Restrictions. Condensed Parent Company Only BALANCE SHEETS December 31, 2019 December 31, 2018 ASSETS (in thousands) Cash and due from banks $ 1,256 $ 1,146 Investment securities 65 65 Investments in subsidiaries 75,365 70,142 Other assets 262 182 Total assets $ 76,948 $ 71,535 LIABILITIES & SHAREHOLDERS' EQUITY Other liabilities $ 841 $ 793 Stockholders' equity 76,107 70,742 Total liabilities and stockholders' equity $ 76,948 $ 71,535 STATEMENTS OF INCOME For the years ended December 31, 2019 December 31, 2018 (in thousands) Dividends from subsidiary $ 3,400 $ 2,250 Noninterest expense 842 429 Income before income taxes $ 2,558 $ 1,821 Income tax (benefit) (162 ) (79 ) Income before equity in undistributed earnings of subsidiaries $ 2,720 $ 1,900 Equity in undistributed earnings of subsidiaries 3,969 6,570 Net income $ 6,689 $ 8,470 Condensed Parent Company Only (Continued) STATEMENTS OF CASH FLOWS For the years ended December 31, 2019 December 31, 2018 CASH FLOWS FROM OPERATING ACTIVITIES (in thousands) Net income $ 6,689 $ 8,470 Adjustments to reconcile net income to net cash provided by operating activities: Equity in undistributed earnings of subsidiaries (3,969 ) (6,570 ) Deferred tax expense (16 ) 4 Stock option & stock grant expense 534 65 Decrease (increase) in other assets (64 ) 144 Increase (decrease) in other liabilities 3 (5 ) Net cash provided by operating activities 3,177 2,108 CASH FLOWS FROM INVESTING ACTIVITIES Capital contribution to subsidiary (20 ) - Net cash used in investing activities (20 ) - CASH FLOWS FROM FINANCING ACTIVITIES Proceeds from stock options exercised 102 268 Cash payment for stock dividend fractional shares (5 ) - Dividends paid (3,144 ) (2,466 ) Net cash used in financing activities (3,047 ) (2,198 ) NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS 110 (90 ) CASH AND CASH EQUIVALENTS Beginning of period 1,146 1,236 End of period $ 1,256 $ 1,146

Summary of Significant Accoun_2

Summary of Significant Accounting Policies (Policies)	12 Months Ended
	Dec. 31, 2019
Accounting Policies [Abstract]
Organization	Organization Virginia National Bankshares Corporation (the “Company”) is a bank holding company incorporated under the laws of the Commonwealth of Virginia. The Company is authorized to issue (a) 10,000,000 shares of common stock with a par value of $2.50 per share and (b) 2,000,000 shares of preferred stock at a par value $2.50 per share. There is currently no preferred stock outstanding. The Company is regulated under the Bank Holding Company Act of 1956, as amended and is subject to inspection, examination, and supervision by the Federal Reserve Board. Virginia National Bank (the “Bank”) is a wholly-owned subsidiary of the Company and was organized in 1998 under federal law as a national banking association to engage in a general commercial and retail banking business. The Bank is headquartered in Charlottesville, Virginia and primarily serves the Virginia communities in and around the cities of Charlottesville, Winchester, Harrisonburg, Roanoke and Richmond, and the counties of Albemarle and Frederick. As a national bank, the Bank is subject to the supervision, examination and regulation of the Office of the Comptroller of the Currency (“OCC”). Effective July 1, 2018, VNBTrust, National Association (“VNBTrust”), formerly a subsidiary of the Bank, was merged into Virginia National Bank, and the Bank continues to offer investment management, wealth advisory and trust and estate administration services under the names of VNB Trust and Estate Services and Sturman Wealth Advisors, formerly known as VNB Investment Services. All references herein to VNB Wealth Management or VNB Wealth refer to VNBTrust for periods prior to July 1, 2018. During 2018, the Company changed the structure of its VNB Wealth lines of business. The Company formed Masonry Capital Management, LLC (“Masonry Capital”), a registered investment advisor, to offer investment advisory and management services to clients through separately managed accounts and through one or more private investment fund(s). The Company believes the formation of Masonry Capital will allow the Company to offer its investment strategy to a wider range of clients. Masonry Capital is a wholly-owned subsidiary of the Company.
Sale Agreement with SRCM Holdings LLC and Acquisition Royalty Payments Due to VNBTrust	Sale Agreement with SRCM Holdings LLC and Acquisition Royalty Payments Due to the Company In 2007 when VNBTrust was established, the OCC also approved the Bank’s application for VNBTrust to create a wholly owned operating subsidiary, VNB Investment Management Company, LLC, a Delaware limited liability corporation. In January 2010, VNB Investment Management Company changed its name to Swift Run Capital Management, LLC (“SRCM”). SRCM served as the general partner of Swift Run Capital, L.P. (the “Fund”), a private investment fund. On July 18, 2013 (the “Closing Date”), the Company completed the sale of all of the membership interests of SRCM to SRCM Holdings LLC (“SRCM Holdings”) pursuant to a purchase and sale agreement dated June 27, 2013 (the “SRCM Sale Agreement”). A former officer of the Company is the principal owner of SRCM Holdings. Under the terms of the SRCM Sale Agreement, SRCM Holdings agreed to pay the Company periodically during the ten-year period beginning January 1, 2014 and ending December 31, 2023 (the “Term”): (i) ongoing acquisition royalty payments equal to 20% of the management and performance fee revenue received by SRCM from limited partners of the Fund as of the Closing Date and from VNBTrust clients that opened accounts with SRCM within 30 days of the Closing Date, and (ii) ongoing referral royalty payments equal to 20% of the management and performance fee revenue received by SRCM from other clients referred by the Company and its affiliates to SRCM during the Term. A portion of the payments received from SRCM are applied to write down a contingent asset that was established to estimate the value for the sale of SRCM, with the remaining portion of the payments applied to noninterest income as royalty income.
Basis of Presentation	Basis of Presentation The accounting and reporting policies of the Company conform to accounting principles generally accepted in the United States of America and to the reporting guidelines prescribed by regulatory authorities. The following is a description of the more significant of those policies and practices.
Principles of consolidation	Principles of consolidation – 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”). All references herein to VNB Wealth Management or VNB Wealth refer to VNBTrust for periods prior to July 1, 2018. All significant intercompany balances and transactions have been eliminated in consolidation.
Use of estimates	Use of estimates – The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America 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, income taxes, and fair value measurements.
Cash flow reporting	Cash flow reporting – For purposes of the statements of cash flows, the Company considers all highly liquid debt instruments purchased with a maturity of three months or less to be cash equivalents. Cash and cash equivalents consist of cash on hand, funds due from banks, and federal funds sold.
Securities	Securities – Unrestricted investments are classified in two categories as described below. • Securities held to maturity – Securities classified as held to maturity are those debt securities the Company has both the positive intent and ability to hold to maturity regardless of changes in market conditions, liquidity needs or changes in general economic conditions. Currently the Company has no securities classified as held to maturity because of Management’s desire to have more flexibility in managing the investment portfolio. • Securities available for sale – Securities classified as available for sale are those debt securities that the Company intends to hold for an indefinite period of time but not necessarily to maturity. Any decision to sell a security classified as available for sale would be based on various factors, including significant movements in interest rates, changes in the maturity mix of the Company’s assets and liabilities, liquidity needs, regulatory capital considerations, and other similar factors. Securities available for sale are carried at fair value. Unrealized gains or losses are reported as a separate component of other comprehensive income. Realized gains or losses, determined on the basis of the cost of specific securities sold, are included in earnings. Purchase premiums and discounts are recognized in interest income using the interest method over the terms of the securities or to “call” dates, whichever occurs first. Gains and losses on the sale of securities are recorded on the trade date and are determined using the specific identification method. Impairment of securities occurs when the fair value of a security is less than its amortized cost. For debt securities, impairment is considered other-than-temporary and recognized in its entirety in net income if either (1) the Company intends to sell the security or (2) it is more likely than not that the Company will be required to sell the security before recovery of its amortized cost basis. If, however, the Company does not intend to sell the security and it is not more-than-likely that the Company will be required to sell the security before recovery, the Company must determine what portion of the impairment is attributable to a credit loss, which occurs when the amortized cost of the security exceeds the present value of the cash flows expected to be collected from the security. If there is no credit loss, there is no other-than-temporary impairment. If there is a credit loss, other-than-temporary impairment exists, and the credit loss must be recognized in net income and the remaining portion of impairment must be recognized in other comprehensive income.
Restricted securities	Restricted securities – As members of the Federal Reserve Bank of Richmond (“FRB”) and the Federal Home Loan Bank of Atlanta (“FHLB”), the Company is required to maintain certain minimum investments in the common stock of the FRB and FHLB. Required levels of investments are based upon the Bank’s capital and a percentage of qualifying assets. Additionally, the Company has purchased common stock in CBB Financial Corp. (“CBBFC”), the holding company for Community Bankers’ Bank. Shares of common stock from the FRB, FHLB and CBBFC are classified as restricted securities which are carried at cost.
Loans	Loans – Loans are reported at the principal balance outstanding net of unearned discounts and of the allowance for loan losses. Interest income on loans is reported on the level-yield method and includes amortization of deferred loan fees and costs over the loan term. Purchased performing loans are accounted for in the same manner as the rest of the loan portfolio. Further information regarding the Company’s accounting policies related to past due loans, non-accrual loans, impaired loans and troubled-debt restructurings is presented in Note 3 - Loans.
Allowance for loan losses	Allowance for loan losses – The allowance for loan losses is a reserve established through a provision for loan losses charged to expense, which represents management’s best estimate of probable losses inherent in the loan portfolio. The allowance for loan losses includes allowance allocations calculated in accordance with Financial Accounting Standards Board (“FASB”) ASC Topic 310, “Receivables” and allowance allocations calculated in accordance with ASC Topic 450, “Contingencies.” Further information regarding the Company’s policies and methodology used to estimate the allowance for loan losses is presented in Note 4 – Allowance for Loan Losses.
Transfers of financial assets	Transfers of financial assets – Transfers of financial assets are accounted for as sales when control over the assets has been surrendered. Control over transferred assets is deemed to be surrendered when (1) the assets have been isolated from the Company or its subsidiaries – put presumptively beyond reach of the transferor and its creditors, even in bankruptcy or other receivership, (2) the transferee obtains the right (free of conditions that constrain it from taking advantage of that right) to pledge or exchange the transferred assets, and (3) the Company or its subsidiaries does not maintain effective control over the transferred assets through an agreement to repurchase them before their maturity or the ability to unilaterally cause the holder to return specific assets.
Premises and equipment	Premises and equipment – Land is carried at cost. Premises and equipment are stated at cost less accumulated depreciation. Depreciation is computed by the straight-line method based on the estimated useful lives of assets, which range from 3 to 20 years. Expenditures for repairs and maintenance are charged to expense as incurred. The costs of major renewals and betterments are capitalized and depreciated over their estimated useful lives. Upon disposition, the asset and related accumulated depreciation are removed from the books and any resulting gain or loss is charged to income. More information regarding premises and equipment is presented in Note 5 – Premises and Equipment.
Leases	Leases - The Company recognizes a lease liability and a right-of-use asset in connection with leases in which it is a lessee, except for leases with a term of twelve months or less. A lease liability represents the Corporation’s obligation to make future payments under lease contracts, and a right-of-use asset represents the Corporation’s right to control the use of the underlying property during the lease term. Lease liabilities and right-of-use assets are recognized upon commencement of a lease and measured as the present value of lease payments over the lease term, discounted at the incremental borrowing rate of the lessee. Further information regarding leases is presented in Note 6 – Leases.
Intangible assets	Intangible assets – Goodwill is determined as the excess of the fair value of the consideration transferred over the fair value of the net assets acquired and liabilities assumed as of the acquisition date. Goodwill and other intangible assets acquired in a business combination and determined to have an indefinite useful life are not amortized, but tested for impairment at least annually, or more frequently if events and circumstances exist that indicate that a goodwill impairment test should be performed. Intangible assets with definite useful lives are amortized over their estimated useful lives, which range from 3 to 10 years, to their estimated residual values. Goodwill is the only intangible asset with an indefinite life included on the Company’s Consolidated Balance Sheets. Management has concluded that no circumstances indicating an impairment of these assets existed as of the balance sheet date.
Bank owned life insurance	Bank owned life insurance – The Company has purchased life insurance on certain key employees. These policies are recorded at their cash surrender value on the Consolidated Balance Sheets. Income generated from polices is recorded as noninterest income.
Fair value measurements	Fair value measurements – ASC Topic 820, “Fair Value Measurements and Disclosures,” defines fair value, establishes a framework for measuring fair value in generally accepted accounting principles, and requires certain disclosures about fair value measurements. In general, fair values of financial instruments are based upon internally developed models that primarily use, as inputs, observable market-based parameters. Any such valuation adjustments are applied consistently over time. Additional information on fair value measurements is presented in Note 15 – Fair Value Measurements.
Stock-based compensation	Stock-based compensation – The Company accounts for all 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 unrestricted or restricted stock grants. For stock options, compensation is estimated at the date of grant, using the Black-Scholes option valuation model for determining fair value. The model employs the following assumptions: • Dividend yield - calculated as the ratio of historical cash dividends paid per share of common stock to the stock price on the date of grant; • Expected life (term of the option) - based on the average of the contractual life and vesting schedule for the respective option; • Expected volatility - based on the monthly historical volatility of the Company’s stock price over the expected life of the options; • Risk-free interest rate - based upon the U.S. Treasury bill yield curve, for periods within the contractual life of the option, in effect at the time of grant. The Company has elected to estimate forfeitures when recognizing compensation expense, and this estimate of forfeitures is adjusted over the requisite service period or vesting schedule based on the extent to which actual forfeitures differ from such estimates. Changes in estimated forfeitures are recognized through a cumulative catch-up adjustment, which is recognized in the period of change, and also will impact the amount of estimated unamortized compensation expense to be recognized in future periods. Further information on stock-based compensation is presented in Note 18 – Stock Incentive Plans.
Net income per common share	Net income per common share – Basic net income per share, commonly referred to as earnings per share, represent income available to common shareholders divided by the weighted-average number of common shares outstanding during the period, including restricted shares that have not yet vested. Diluted net income per share reflect additional common shares that would have been outstanding if dilutive potential common shares had been issued, as well as any adjustment to income that would result from the assumed issuance. Potential common shares that may be issued by the Company relate solely to outstanding stock options and are determined using the treasury stock method. All net income per common share information has been adjusted to reflect the 5% stock dividends effective July 5, 2019 and April 13, 2018. Additional information on net income per share is presented in Note 19 – Net Income per Share.
Comprehensive income	Comprehensive income – Accounting principles generally require that recognized revenue, expenses, gains and losses be included in net income. Although certain changes in assets and liabilities, such as unrealized gains and losses on available for sale securities, are reported as a separate component of the equity section of the balance sheet, such items, along with net income, are components of comprehensive income. Further information on the Company’s other comprehensive income is presented in Note 20 – Other Comprehensive Income.
Advertising costs	Advertising costs – The Company follows the policy of charging the costs of advertising to expense as they are incurred.
Income taxes	Income taxes – Deferred taxes are provided on the asset and liability method whereby deferred tax assets are recognized for deductible temporary differences, operating loss carry forwards, and tax credit carry forwards. Deferred tax liabilities are recognized for taxable temporary differences. Temporary differences are the differences between the reported amounts of assets and liabilities and their tax basis. Deferred tax assets are reduced by a valuation allowance when, in the opinion of management, it is more likely than not that some portion or all of the deferred tax assets will not be realized. Deferred tax assets and liabilities are adjusted for the effects of changes in tax laws and rates on the date of enactment. When tax returns are filed, it is highly probable that some positions taken would be sustained upon examination by the taxing authorities, while others are subject to uncertainty about the merits of the position taken or the amount of the position that would be ultimately sustained. The benefit of a tax position is recognized in the financial statements in the period during which, based on all available evidence, management believes it is more likely than not that the position will be sustained upon examination, including the resolution of appeals or litigation processes, if any. Tax positions taken are not offset or aggregated with other positions. Tax positions that meet the more-likely-than-not recognition threshold are measured as the largest amount of tax benefit that is more than 50 percent likely of being realized upon settlement with the applicable taxing authority. The portion of the benefits associated with tax positions taken that exceeds the amount measured as described above is reflected as a liability for unrecognized tax benefits in the accompanying consolidated balance sheets along with any associated interest and penalties that would be payable to the taxing authorities upon examination. Interest and penalties associated with unrecognized tax benefits, if any, are classified as additional income taxes in the statements of income. For the years ended December 31, 2019 and 2018, there were no such interest or penalties recognized. Further information on the Company’s accounting policies for income taxes is presented in Note 9 – Income Taxes.
Securities and other property held in a fiduciary capacity	Securities and other property held in a fiduciary capacity Securities and other property held by VNB Trust and Estate Services, Sturman Wealth Advisors or Masonry Capital in a fiduciary or agency capacity are not assets of the Company and are not included in the accompanying consolidated financial statements.
Revenue Recognition	Revenue Recognition ASU 2014-09, “Revenue from Contracts with Customers”, and all subsequent amendments to the ASU (collectively “ASC 606”), (i) creates a single framework for recognizing revenue from contracts with customers that fall within its scope and (ii) revises when it is appropriate to recognize a gain (loss) from the transfer of nonfinancial assets, such as OREO. The majority of the Company’s revenue is from interest income, including loans and securities, which are outside the scope of the standard. The services that fall within the scope of the standard are presented within noninterest income on the consolidated statement of income and are recognized as revenue as the Company satisfies its obligations to the customer. The revenue that falls within the scope of ASC 606 is primarily related to service charges on deposit accounts, debit/credit card and ATM fees, asset management fees and sales of other real estate owned, when applicable.
Reclassifications	Reclassifications – Certain reclassifications have been made to the prior year financial statements to conform to current year presentation. The results of the reclassifications are not considered material.
Adoption of New Accounting Standard	Adoption of New Accounting Standard Leases On January 1, 2019, the Company adopted ASU No. 2016-02, "Leases (Topic 842)." The adoption of this standard required lessees to recognize right of use assets and lease liabilities on the Consolidated Balance Sheets and disclose key information about leasing arrangements. The FASB made subsequent amendments to Topic 842 in July 2018 through ASU 2018-10 (“Codification Improvements to Topic 842, Leases”) and ASU 2018-11 (“Leases (Topic 842): Targeted Improvements”). Among these amendments is the provision in ASU 2018-11 that provides entities with an additional (and optional) transition method to adopt the new leases standard. Under this new transition method, an entity initially applies the new leases standard at the adoption date and recognizes a cumulative-effect adjustment to the opening balance of retained earnings in the period of adoption. Consequently, an entity’s reporting for the comparative periods presented in the financial statements in which it adopts the new leases standard will continue to be in accordance with current GAAP (Topic 840, Leases). The Company adopted Topic 842 using the optional transition method noted above. Adoption of this standard resulted in the Company recording a right of use assets of $4.3 million and a lease liability of $4.3 million as of January 1, 2019. Operating leases have been included within other assets and other liabilities on the Company’s Consolidated Balance Sheets. The implementation of this standard resulted in no impact to retained earnings and there was no impact on the Company’s Consolidated Statements of Cash Flows. Refer to Note 6 "Leases" for further discussion.
Recent Accounting Pronouncements	Recent Accounting Pronouncements Financial Instruments – Credit Losses In June 2016, the FASB issued ASU 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. At its October 16, 2019 meeting, FASB’s board affirmed its decision to delay the effective date of the ASU for smaller reporting companies, like the Company, until fiscal years beginning after December 15, 2022, and interim periods within those years. The Company is currently assessing the impact that Topic 326 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. The Company has engaged a vendor to assist in modeling expected lifetime losses under Topic 326, and expects to continue developing and refining an approach to estimating the allowance for credit losses during 2020. 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. Effective November 25, 2019, the SEC adopted Staff Accounting Bulletin (SAB) 119. SAB 119 updated portions of SEC interpretative guidance to align with FASB ASC 326, “Financial Instruments – Credit Losses.” It covers topics including (1) measuring current expected credit losses; (2) development, governance, and documentation of a systematic methodology; (3) documenting the results of a systematic methodology; and (4) validating a systematic methodology. Goodwill Impairment Testing In January 2017, the FASB issued ASU 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 in this ASU 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. Financial Instruments – Credit Losses – Derivatives and Hedging In April 2019, the FASB issued ASU 2019-04, “Codification Improvements to Topic 326, Financial Instruments—Credit Losses, Topic 815, Derivatives and Hedging, and Topic 825, Financial Instruments.” This ASU clarifies and improves areas of guidance related to the recently issued standards on credit losses, hedging, and recognition and measurement including improvements resulting from various Transition Resource Group (TRG) Meetings. The effective date of each of the amendments depends on the adoption date of ASU 2016-01, ASU 2016-03, and ASU 2017-12. The Company is currently assessing the impact that ASU 2019-04 will have on its consolidated financial statements. Financial Instruments – Credit Losses – Targeted Transition Relief In May 2019, the FASB issued ASU 2019-05, “Financial Instruments—Credit Losses (Topic 326): Targeted Transition Relief.” The amendments in this ASU provide entities that have certain instruments within the scope of Subtopic 326-20 with an option to irrevocably elect the fair value option in Subtopic 825-10, applied on an instrument-by-instrument basis for eligible instruments, upon the adoption of Topic 326. The fair value option election does not apply to held-to-maturity debt securities. An entity that elects the fair value option should subsequently measure those instruments at fair value with changes in fair value flowing through earnings. The effective date and transition methodology for the amendments in ASU 2019-05 are the same as in ASU 2016-13. The Company is currently assessing the impact that ASU 2019-05 will have on its consolidated financial statements. Financial Instruments—Credit Losses - Measurement of Credit Losses on Financial Instruments In November 2019, the FASB issued ASU 2019-11, “Codification Improvements to Topic 326, Financial Instruments – Credit Losses.” This ASU addresses issues raised by stakeholders during the implementation of ASU No. 2016-13, “Financial Instruments—Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments.” Among other narrow-scope improvements, the new ASU clarifies guidance around how to report expected recoveries. “Expected recoveries” describes a situation in which an organization recognizes a full or partial write-off of the amortized cost basis of a financial asset, but then later determines that the amount written off, or a portion of that amount, will in fact be recovered. While applying the credit losses standard, stakeholders questioned whether expected recoveries were permitted on assets that had already shown credit deterioration at the time of purchase (also known as PCD assets). In response to this question, the ASU permits organizations to record expected recoveries on PCD assets. In addition to other narrow technical improvements, the ASU also reinforces existing guidance that prohibits organizations from recording negative allowances for available-for-sale debt securities. The ASU includes effective dates and transition requirements that vary depending on whether or not an entity has already adopted ASU 2016-13. The Company is currently assessing the impact that ASU 2019-11 will have on its consolidated financial statements. Simplifying the Accounting for Income Taxes In December 2019, the FASB issued ASU 2019-12, “Income Taxes (Topic 740) – Simplifying the Accounting for Income Taxes.” The ASU is expected to reduce cost and complexity related to the accounting for income taxes by removing specific exceptions to general principles in Topic 740 (eliminating the need for an organization to analyze whether certain exceptions apply in a given period) and improving financial statement preparers’ application of certain income tax-related guidance. This ASU is part of the FASB’s simplification initiative to make narrow-scope simplifications and improvements to accounting standards through a series of short-term projects. For public business entities, the amendments are effective for fiscal years beginning after December 15, 2020, and interim periods within those fiscal years. Early adoption is permitted. The Company is currently assessing the impact that ASU 2019-12 will have on its consolidated financial statements.

Securities (Tables)

Securities (Tables)	12 Months Ended
	Dec. 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 December 31, 2019 and December 31, 2018 are as follows: December 31, 2019 Amortized Gross Unrealized Gross Unrealized Fair Cost Gains (Losses) Value (in thousands) U.S. Government agencies $ 15,000 $ - $ (48 ) $ 14,952 Corporate bonds 7,469 - - 7,469 Mortgage-backed securities/CMOs 71,970 76 (314 ) 71,732 Municipal bonds 19,656 282 (50 ) 19,888 Total Securities Available for Sale $ 114,095 $ 358 $ (412 ) $ 114,041 December 31, 2018 Amortized Gross Unrealized Gross Unrealized Fair Cost Gains (Losses) Value (in thousands) 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	Year-end securities with unrealized losses, segregated by length of time in a continuous unrealized loss position, were as follows: December 31, 2019 Less than 12 Months 12 Months or more Total (in thousands) Unrealized Unrealized Unrealized Fair Value Losses Fair Value Losses Fair Value Losses U.S. Government agencies $ 9,957 $ (43 ) $ 1,995 $ (5 ) $ 11,952 $ (48 ) Mortgage-backed/CMOs 39,061 (228 ) 7,716 (86 ) 46,777 (314 ) Municipal bonds 5,922 (50 ) - - 5,922 (50 ) $ 54,940 $ (321 ) $ 9,711 $ (91 ) $ 64,651 $ (412 ) December 31, 2018 Less than 12 Months 12 Months or more Total (in thousands) 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 )
Schedule of Amortized Cost and Fair Values of Securities Available For Sale Based upon Contractual Maturities and by Major Investment Categories	The amortized cost and fair value of available for sale debt securities at December 31, 2019 are presented below based upon contractual maturities, by major investment categories. Expected maturities may differ from contractual maturities because issuers have the right to call or prepay obligations. (in thousands) Amortized Cost Fair Value U.S. Government agencies One year or less $ 2,000 $ 1,995 After one year to five years 13,000 12,957 $ 15,000 $ 14,952 Corporate bonds One year or less $ 7,469 $ 7,469 $ 7,469 $ 7,469 Mortgage-backed securities/CMOs After five years to ten years $ 15,812 $ 15,764 Ten years or more 56,158 55,968 $ 71,970 $ 71,732 Municipal bonds One year or less $ 500 $ 500 After one year to five years 1,045 1,064 After five years to ten years 6,559 6,662 Ten years or more 11,552 11,662 $ 19,656 $ 19,888 Total Debt Securities Available for Sale $ 114,095 $ 114,041

Loans (Tables)

Loans (Tables)	12 Months Ended
	Dec. 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 appears below. (in thousands) December 31, December 31, 2019 2018 Commercial Commercial and industrial - organic $ 38,843 $ 41,526 Commercial and industrial - government guaranteed 35,347 31,367 Commercial and industrial - syndicated 6,398 12,134 Total commercial and industrial 80,588 85,027 Real estate construction and land Residential construction 2,197 1,552 Commercial construction 6,880 5,078 Land and land development 8,063 10,894 Total construction and land 17,140 17,524 Real estate mortgages 1-4 family residential, first lien, investment 44,099 40,311 1-4 family residential, first lien, owner occupied 20,671 16,775 1-4 family residential, junior lien 2,520 3,169 1-4 family residential - purchased 33,428 18,647 Home equity lines of credit, first lien 10,268 8,325 Home equity lines of credit, junior lien 9,671 10,912 Farm 8,808 10,397 Multifamily 27,093 27,328 Commercial owner occupied 96,117 93,800 Commercial non-owner occupied 118,561 123,214 Total real estate mortgage 371,236 352,878 Consumer Consumer revolving credit 20,081 21,540 Consumer all other credit 5,741 5,530 Student loans purchased 44,747 54,691 Total consumer 70,569 81,761 Total loans 539,533 537,190 Less: Allowance for loan losses (4,209 ) (4,891 ) Net loans $ 535,324 $ 532,299
Schedule of Activity In Related Party Loans	Activity in related party loans during 2019 and 2018 is presented in the following table. (in thousands) 2019 2018 Balance outstanding at beginning of year $ 21,404 $ 21,443 Principal additions 225 2,199 Principal reductions (1,329 ) (2,238 ) Balance outstanding at end of year $ 20,300 $ 21,404
Schedule of Impaired Loans Classified as Non-Accruals by Class	Non-accrual loans are shown below by class: (in thousands) December 31, 2019 December 31, 2018 Land and land development $ 279 $ 32 1-4 family residential mortgages, first lien, owner occupied - 82 Student loans purchased - 445 Commercial and industrial - organic 20 56 Total nonaccrual loans $ 299 $ 615
Schedule of Aging of Past Due Loans	The following tables show the aging of past due loans as of December 31, 2019 and December 31, 2018. Past Due Aging as of December 31, 2019 30-59 Days Past Due 60-89 Days Past Due 90 Days or More Past Due Total Past Due Current Total Loans 90 Days Past Due and Still Accruing (in thousands) Commercial loans Commercial and industrial - organic $ 604 $ 20 $ - $ 624 $ 38,219 $ 38,843 $ - Commercial and industrial - government guaranteed - - 548 548 34,799 35,347 548 Commercial and industrial - syndicated - - - - 6,398 6,398 - Real estate construction and land Residential construction - - - - 2,197 2,197 - Commercial construction - - - - 6,880 6,880 - Land and land development 1 - 280 281 7,782 8,063 14 Real estate mortgages 1-4 family residential, first lien, investment 188 - - 188 43,911 44,099 - 1-4 family residential, first lien, owner occupied - 123 - 123 20,548 20,671 - 1-4 family residential, junior lien - - - - 2,520 2,520 - 1-4 family residential - purchased 501 158 - 659 32,769 33,428 - Home equity lines of credit, first lien - - - - 10,268 10,268 - Home equity lines of credit, junior lien - - - - 9,671 9,671 - Farm - - - - 8,808 8,808 - Multifamily - - - - 27,093 27,093 - Commercial owner occupied - - - - 96,117 96,117 - Commercial non-owner occupied - - - - 118,561 118,561 - Consumer loans Consumer revolving credit 20 - - 20 20,061 20,081 - Consumer all other credit 43 - - 43 5,698 5,741 - Student loans purchased 697 218 209 1,124 43,623 44,747 209 Total Loans $ 2,054 $ 519 $ 1,037 $ 3,610 $ 535,923 $ 539,533 $ 771 Past Due Aging as of December 31, 2018 30-59 Days Past Due 60-89 Days Past Due 90 Days or More Past Due Total Past Due Current Total Loans 90 Days Past Due and Still Accruing (in thousands) 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
Schedule of Loans Classified as Impaired Loans	The following tables provide a breakdown by class of the loans classified as impaired loans as of December 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 the twelve months ended December 31, 2019 and December 31, 2018. Interest income recognized is for the years ended December 31, 2019 and December 31, 2018. December 31, 2019 Recorded Investment Unpaid Principal Balance Associated Allowance Average Recorded Investment Interest Income Recognized (in thousands) Impaired loans without a valuation allowance: Land and land development $ 279 $ 324 $ - $ 67 $ 13 1-4 family residential mortgages, first lien, owner occupied - - - 20 2 1-4 family residential mortgages, junior lien 117 117 122 6 Commercial non-owner occupied real estate 879 879 - 900 48 Commercial and industrial - organic 20 20 - 3 1 Total impaired loans without a valuation allowance 1,295 1,340 - 1,112 70 Impaired loans with a valuation allowance Student loans purchased 1,184 1,184 21 1,549 86 Total impaired loans with a valuation allowance 1,184 1,184 21 1,549 86 Total impaired loans $ 2,479 $ 2,524 $ 21 $ 2,661 $ 156 December 31, 2018 Recorded Investment Unpaid Principal Balance Associated Allowance Average Recorded Investment Interest Income Recognized (in thousands) 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 Loans Modified Under Terms of a TDR	The following provides a summary, by class, of modified loans that continue to accrue interest under the terms of the restructuring agreement, which are considered to be performing, and modified loans that have been placed in non-accrual status, which are considered to be nonperforming. Troubled debt restructurings (TDRs) December 31, 2019 December 31, 2018 (in thousands) No. of Loans Recorded Investment No. of Loans Recorded Investment Performing TDRs 1-4 family residential mortgages, junior lien 1 $ 117 1 $ 127 Commercial non-owner occupied real estate 1 879 1 923 Student loans purchased 67 1,184 65 1,157 Total performing TDRs 69 $ 2,180 67 $ 2,207 Nonperforming TDRs Student loans purchased - - 1 4 Land and land development 1 $ 13 1 $ 19 Total nonperforming TDRs 1 $ 13 2 $ 23 Total TDRs 70 $ 2,193 69 $ 2,230
Summary of Modified Loans	A summary of loans shown above that were modified as TDRs during the years ended December 31, 2019 and 2018 is shown below by class. Loans modified as TDRs that were fully paid down, charged-off, or foreclosed upon by period end are not reported. The Post-Modification Recorded Balance reflects any interest or fees from the original loan which may have been added to the principal balance on the new note as a condition of the TDR. Additionally, the Post-Modification Recorded Balance is reported below at the period end balances, inclusive of all partial principal pay downs and principal charge-offs since the modification date. During year ended During year ended (in thousands) December 31, 2019 December 31, 2018 Number of Loans Pre- Modification Recorded Balance Post- Modification Recorded Balance Number of Loans Pre- Modification Recorded Balance Post- Modification Recorded Balance Student loans purchased 22 $ 230 $ 230 12 $ 244 $ 244 Total loans modified during the period 22 $ 230 $ 230 12 $ 244 $ 244

Allowance for Loan Losses (Tabl

Allowance for Loan Losses (Tables)	12 Months Ended
	Dec. 31, 2019
Allowance For Loan Losses [Abstract]
Summary of Transactions in Allowance for Loan Losses	A summary of the transactions in the allowance for loan losses for the years ended December 31, 2019 and 2018 appears below: (in thousands) 2019 2018 Balance, beginning of period $ 4,891 $ 4,043 Loans charged off (2,259 ) (1,097 ) Recoveries 202 72 Net charge-offs (2,057 ) (1,025 ) Provision for loan losses 1,375 1,873 Balance, December 31 $ 4,209 $ 4,891
Internal Risk Rating Grades	The following represents the loan portfolio designated by the internal risk ratings assigned to each credit at December 31, 2019 and 2018. There were no loans rated “Doubtful” as of either period. December 31, 2019 Excellent Good Pass Watch Special Mention Sub- standard TOTAL (in thousands) Commercial Commercial and industrial - organic $ 6,463 $ 16,453 $ 14,257 $ 1,493 $ 37 $ 140 $ 38,843 Commercial and industrial - government guaranteed 35,347 - - - - - 35,347 Commercial and industrial - syndicated - - 6,398 - - - 6,398 Real estate construction Residential construction - - 2,197 - - - 2,197 Commercial construction - - 6,880 - - - 6,880 Land and land development - - 7,563 207 - 293 8,063 Real estate mortgages 1-4 family residential, first lien, investment - - 39,641 4,076 - 382 44,099 1-4 family residential, first lien, owner occupied - - 19,578 1,040 - 53 20,671 1-4 family residential, junior lien - - 2,029 33 17 441 2,520 1-4 family residential, first lien - purchased - - 33,428 - - - 33,428 Home equity lines of credit, first lien - - 9,591 677 - - 10,268 Home equity lines of credit, junior lien - - 9,357 232 - 82 9,671 Farm - - 6,149 318 - 2,341 8,808 Multifamily - - 26,690 403 - - 27,093 Commercial owner occupied - - 86,884 5,928 1,677 1,628 96,117 Commercial non-owner occupied - - 116,092 1,558 - 911 118,561 Consumer Consumer revolving credit 279 19,176 606 20 - - 20,081 Consumer all other credit 199 5,035 507 - - - 5,741 Student loans purchased - - 42,598 1,729 211 209 44,747 Total Loans $ 42,288 $ 40,664 $ 430,445 $ 17,714 $ 1,942 $ 6,480 $ 539,533 December 31, 2018 Excellent Good Pass Watch Special Mention Sub- standard TOTAL (in thousands) 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
Allowance for Loan Losses Rollforward by Portfolio Segment	Allowance for Loan Losses Rollforward by Portfolio Segment As of and for the year ended December 31, 2019 (in thousands) Commercial Loans Real Estate Construction and Land Real Estate Mortgages Consumer Loans Total Allowance for Loan Losses: Balance as of beginning of year $ 811 $ 119 $ 2,611 $ 1,350 $ 4,891 Charge-offs (482 ) - - (1,777 ) (2,259 ) Recoveries 51 1 14 136 202 Provision for (recovery of) loan losses (78 ) (11 ) 59 1,405 1,375 Ending Balance $ 302 $ 109 $ 2,684 $ 1,114 $ 4,209 Ending Balance: Individually evaluated for impairment $ - $ - $ - $ 21 $ 21 Collectively evaluated for impairment 302 109 2,684 1,093 4,188 Loans: Individually evaluated for impairment $ 20 $ 279 $ 996 $ 1,184 $ 2,479 Collectively evaluated for impairment 80,568 16,861 370,240 69,385 537,054 Ending Balance $ 80,588 $ 17,140 $ 371,236 $ 70,569 $ 539,533 As of and for the year ended December 31, 2018 (in thousands) Commercial Loans Real Estate Construction and Land Real Estate Mortgages Consumer Loans Total Allowance for Loan Losses: Balance as of beginning of year $ 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

Premises and Equipment (Tables)

Premises and Equipment (Tables)	12 Months Ended
	Dec. 31, 2019
Property Plant And Equipment [Abstract]
Summary of Premises and Equipment	Premises and equipment are summarized as follows: (in thousands) December 31, 2019 December 31, 2018 Leasehold improvements $ 14,713 $ 14,594 Building and land 1,215 1,215 Construction and fixed assets in progress 68 434 Furniture and equipment 6,636 6,513 Computer software 2,618 2,305 $ 25,250 $ 25,061 Less: accumulated depreciation and amortization 19,105 18,019 $ 6,145 $ 7,042

Leases (Tables)

Leases (Tables)	12 Months Ended
	Dec. 31, 2019
Leases [Abstract]
Schedule of Operating Lease Liability	The following tables present information about the Company’s leases (dollars in thousands): December 31, 2019 Lease liability $ 3,604 Right-of-use asset $ 3,576 Weighted average remaining lease term 5.04 years Weighted average discount rate 2.83 %
Schedule of Operating Lease Expense	Lease Expense 2019 2018 Operating lease expense $ 815 NR* Short-term lease expense 137 NR* Total lease expense $ 952 $ 913 Cash paid for amounts included in lease liabilities $ 788 NR* NR* = not required
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 December 31, 2019 Twelve months ending December 31, 2020 799 Twelve months ending December 31, 2021 807 Twelve months ending December 31, 2022 768 Twelve months ending December 31, 2023 680 Twelve months ending December 31, 2024 469 Thereafter 354 Total undiscounted cash flows $ 3,877 Less: Discount (273 ) Lease liability $ 3,604

Intangible Assets (Tables)

Intangible Assets (Tables)	12 Months Ended
	Dec. 31, 2019
Goodwill And Intangible Assets Disclosure [Abstract]
Schedule of the net asset values, as determined by an independent third party, based on the fair value measurement	The intangible assets identified below will be amortized using a straight line method over the estimated useful life, and the amortized cost will be shown as noninterest expense. In accordance with ASC 350, “Intangibles-Goodwill and Other,” the Company will review the carrying value of indefinite lived goodwill at least annually or more frequently if certain impairment indicators exist. (dollars in thousands) Fair Value % of Total Intangible Assets Estimated Economic Useful Life Identified Intangible Assets Non-Compete Agreement $ 103 9.0 % 3 years Customer Relationships Intangible 670 58.5 % 10 years Total Identified Intangible Assets $ 773 67.5 % Goodwill $ 372 32.5 % Indefinite Total Intangible Assets $ 1,145 100.0 %
Schedule of gross and net balance of intangible assets	The following shows the gross and net balance of these intangible assets as of December 31, 2019. (in thousands) Gross Carrying Value Accumulated Amortization Net Carrying Value Identified Intangible Assets Non-Compete Agreement $ 103 $ 103 $ — Customer Relationships Intangible 670 262 $ 408 Total Identified Intangible Assets $ 773 $ 365 $ 408

Deposits (Tables)

Deposits (Tables)	12 Months Ended
	Dec. 31, 2019
Deposits [Abstract]
Schedule of Maturities of Time Deposits	At December 31, 2019, the scheduled maturities of time deposits are as follows: 2020 $ 84,212 2021 22,231 2022 1,000 2023 928 2024 907 $ 109,278

Income Taxes (Tables)

Income Taxes (Tables)	12 Months Ended
	Dec. 31, 2019
Income Tax Disclosure [Abstract]
Schedule of Net Deferred Tax Assets	Net deferred tax assets consist of the following components as of year-end: (in thousands) 2019 2018 Deferred tax assets: Allowance for loan losses $ 884 $ 1,027 Non-accrual loan interest 4 15 Stock option/grant expense 20 32 Start-up expenses 43 47 Home equity closing costs 24 27 Deferred compensation expense 9 10 Goodwill and other intangible assets 12 14 Lease accounting standard 6 - Securities available for sale unrealized loss 11 339 Depreciation 477 404 $ 1,490 $ 1,915 Deferred tax liabilities: Deferred loan costs 21 27 21 27 Net deferred tax assets $ 1,469 $ 1,888
Schedule of Provision for Income Taxes	The provision for income taxes charged to operations for years ended December 31, 2019 and 2018 consists of the following: (in thousands) 2019 2018 Current tax expense $ 1,436 $ 2,303 Deferred tax expense (benefit) 91 (234 ) Provision for income taxes $ 1,527 $ 2,069
Schedule of Effective Income Tax Rate Reconciliation, Amount	The Company’s income tax provision differs from the amount of income tax determined by applying the U.S. federal income tax rate to pretax income for the years ended December 31, 2019 and 2018 due to the following: (dollars in thousands) 2019 2018 Federal statutory rate 21% 21% Computed statutory tax expense $ 1,726 $ 2,213 Increase (decrease) in tax resulting from: Tax-exempt interest income (62 ) (74 ) Tax-exempt income from Bank Owned Life Insurance (BOLI) (168 ) (94 ) Stock option expense 10 7 Stock option exercise benefit (15 ) (18 ) Other expenses 36 35 Provision for income taxes $ 1,527 $ 2,069

Financial Instruments With Of_2

Financial Instruments With Off-Balance Sheet Risk and Credit Risk (Tables)	12 Months Ended
	Dec. 31, 2019
Risks And Uncertainties [Abstract]
Schedule of Financial Instruments with Credit Risk	The totals for financial instruments whose contract amount represents credit risk are shown below: Notional Amount (in thousands) December 31, 2019 December 31, 2018 Unfunded lines-of-credit $ 106,784 $ 88,323 ACH 18,665 20,131 Letters of credit 5,351 5,744 Total $ 130,800 $ 114,198

Capital Requirements) (Tables)

Capital Requirements) (Tables)	12 Months Ended
	Dec. 31, 2019
Regulatory Capital Requirements [Abstract]
Schedule of Bank's Actual Capital Amounts and Ratios	The Bank calculates its regulatory capital under the Basel III regulatory capital framework. The table below summarizes the Bank’s regulatory capital and related ratios for the periods presented: December 31, 2019 Minimum (dollars in thousands) To Be Well Capitalized Minimum Capital Under Prompt Corrective Actual Requirement Action Provisions Amount Ratio Amount Ratio Amount Ratio Total Capital (To Risk Weighted Assets) Bank $ 79,058 14.98 % $ 42,225 8.00 % $ 52,781 10.00 % Common Equity Tier 1 Capital (To Risk Weighted Assets) Bank $ 74,819 14.18 % $ 23,751 4.50 % $ 34,308 6.50 % Tier 1 Capital (To Risk Weighted Assets) Bank $ 74,819 14.18 % $ 31,668 6.00 % $ 42,225 8.00 % Tier 1 Capital (To Average Assets) Bank $ 74,819 10.73 % $ 27,891 4.00 % $ 34,864 5.00 % December 31, 2018 Minimum (dollars in thousands) To Be Well Capitalized Minimum Capital Under Prompt Corrective Actual Requirement Action Provisions Amount Ratio Amount Ratio Amount Ratio Total Capital (To Risk Weighted Assets) Bank $ 75,491 14.41 % $ 41,914 8.00 % $ 52,393 10.00 % Common Equity Tier 1 Capital (To Risk Weighted Assets) Bank $ 70,570 13.47 % $ 23,577 4.50 % $ 34,055 6.50 % Tier 1 Capital (To Risk Weighted Assets) Bank $ 70,570 13.47 % $ 31,436 6.00 % $ 41,914 8.00 % Tier 1 Capital (To Average Assets) Bank $ 70,570 11.05 % $ 25,544 4.00 % $ 31,930 5.00 %

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	12 Months Ended
	Dec. 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: Fair Value Measurements at December 31, 2019 Using: (in thousands) Quoted Prices in Active Markets for Identical Assets Significant Other Observable Inputs Significant Unobservable Inputs Description Balance (Level 1) (Level 2) (Level 3) Assets U.S. Government agencies $ 14,952 $ - $ 14,952 $ - Corporate bonds 7,469 7,469 Mortgage-backed securities/CMOs 71,732 - 71,732 - Municipal bonds 19,888 - 19,888 - Total securities available for sale $ 114,041 $ - $ 114,041 $ - Fair Value Measurements at December 31, 2018 Using: sin thousands) Quoted Prices in Active Markets for Identical Assets Significant Other Observable Inputs Significant Unobservable 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 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 are as follows: Fair Value Measurements at December 31, 2019 Using: (in thousands) Quoted Prices in Active Markets for Identical Assets Significant Other Observable Inputs Significant Unobservable Inputs Carrying value Level 1 Level 2 Level 3 Fair Value Assets Cash and cash equivalent $ 19,085 $ 19,085 $ - $ - $ 19,085 Available for sale securities 114,041 - 114,041 - 114,041 Loans, net 535,324 - - 523,507 523,507 Bank owned life insurance 16,412 - 16,412 - 16,412 Accrued interest receivable 2,240 - 385 1,855 2,240 Liabilities Demand deposits and interest-bearing transaction and money market accounts $ 511,933 $ - $ 511,933 $ - $ 511,933 Certificates of deposit 109,278 - 109,846 - 109,846 Repurchase agreements and other borrowings - - - - - Accrued interest payable 295 - 295 - 295 Fair Value Measurements at December 31, 2018 Using: (in thousands) Quoted Prices in Active Markets for Identical Assets Significant Other Observable Inputs Significant Unobservable 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 Repurchase agreements and other borrowings - - - - - Accrued interest payable 243 - 243 - 243

Other Noninterest Expenses (Tab

Other Noninterest Expenses (Tables)	12 Months Ended
	Dec. 31, 2019
Other Expenses [Abstract]
Schedule of Other Expenses	The Company had the following other noninterest expenses as of the dates indicated: (in thousands) For the Year Ended December 31 2019 2018 ATM, debit and credit card $ 190 $ 207 Bank franchise tax 591 469 Computer software 529 424 Marketing, advertising and promotion 539 715 Professional fees 771 797 Other 2,065 1,943 $ 4,685 $ 4,555

Stock Incentive Plans (Tables)

Stock Incentive Plans (Tables)	12 Months Ended
	Dec. 31, 2019
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]
Summary of Shares Issued and Available Under Each Plans	A summary of the shares issued and available under each of the Company’s stock incentive plans (the “Plans”) is shown below as of December 31, 2019. Share data and exercise price range per share have been adjusted to reflect the 2019 Stock Dividend and the 2018 Stock Dividend (collectively, “5% Stock Dividends”) and, with respect to the 2005 Plan, the 15% stock dividend effective June 30, 2011 (together with the 5% Stock Dividends, the “Stock Dividends”). Although the 2005 Plan has expired and no new grants will be issued under this plan, there were shares issued before the plan expired which are still outstanding as shown below. 2005 Plan 2014 Plan Aggregate shares issuable 253,575 275,625 Options issued, net of forfeited and expired options (59,831 ) (96,047 ) Unrestricted stock issued - (11,535 ) Restricted stock grants issued - (4,000 ) Cancelled due to Plan expiration (193,744 ) - Remaining available for grant - 164,043 Stock grants issued and outstanding: Total vested and unvested shares - 15,535 Fully vested shares - 11,535 Option grants issued and outstanding: Total vested and unvested shares 1,379 79,404 Fully vested shares 1,379 13,171 Exercise price range $13.69 to $13.69 $27.39 to $42.62
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 2019 Stock Dividend. December 31, 2019 (dollars in thousands except weighted average data) Number of Options Weighted Average Exercise Price Aggregate Intrinsic Value Outstanding at January 1, 2019 86,594 $ 36.21 Issued 12,420 37.21 Exercised (5,976 ) (17.04 ) Expired (12,255 ) (16.56 ) Outstanding at December 31, 2019 80,783 $ 40.76 $ 51 Options exercisable at December 31, 2019 14,550 $ 39.52 $ 33
Schedule of Fair Value Assumptions	For the years ended December 31, 2019 and 2018, the Company recognized $97,000 and $65,000, respectively, in compensation expense for stock options. As of December 31, 2019, there was $356,000 in unrecognized compensation expense for stock options remaining to be recognized in future reporting periods through 2024. For the year ended For the year ended December 31, 2019 December 31, 2018 Expected volatility 1 16.86 % 15.49 % Expected dividends 2 3.18 % 1.81 % Expected term (in years) 3 6.50 6.50 Risk-free rate 4 1.56 % 2.85 % 1 2 3 4
Schedule of Options Outstanding and Exercisable, by Exercise Price Range	Summary information pertaining to options outstanding at December 31, 2019, as adjusted for Stock Dividends, is as follows: Options Outstanding Options Exercisable Exercise Price Number of Options Outstanding Weighted- Average Remaining Contractual Life Weighted- Average Exercise Price Number of Options Exercisable Weighted- Average Exercise Price $13.69 to $20.00 1,379 3.1 Years $ 13.69 1,379 $ 13.69 $20.01 to $30.00 1,103 7.2 Years 27.39 - - $30.01 to $40.00 20,820 9.2 Years 38.14 1,680 39.52 $40.01 to $42.62 57,481 8.4 Years 42.62 11,491 42.62 Total 80,783 8.5 Years $ 40.76 14,550 $ 39.52
Summary of Unrestricted and Restricted Stock Activity	In addition, 4,000 shares of restricted stock were granted later in 2019 to certain members of executive management with an associated expense of $12,000 taken in 2019. As of December 31, 2019, there was $132,000 in unrecognized compensation expense for restricted stock grants remaining to be recognized in future reporting periods through 2023. There were no restricted stock grants awarded in or outstanding throughout 2018 and no associated restricted stock grant expense for 2018. December 31, 2019 (dollars in thousands except weighted average data) Number of Shares Weighted Average Grant Date Fair Value Per Share Aggregate Intrinsic Value Outstanding at January 1, 2019 - $ - Issued 15,535 36.63 $ 586 Vested (11,535 ) 36.85 (435 ) Nonvested at December 31, 2019 4,000 $ 36.00 $ 151

Net Income Per Share (Tables)

Net Income Per Share (Tables)	12 Months Ended
	Dec. 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 Dividends. 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 years ended December 31, 2019 and 2018. Potential dilutive common stock equivalents have no effect on net income available to the Company’s shareholders. The weighted average shares below as of December 31, 2019 include 4,000 shares of restricted stock that have not yet vested. No shares of restricted stock were outstanding as of December 31, 2018. The recipients of nonvested restricted shares have full voting and dividend rights. (dollars in thousands) Net Income Weighted Average Shares Per Share Amount December 31, 2019 Basic net income per share $ 6,689 2,686,866 $ 2.49 Effect of dilutive stock options 3,111 - Diluted net income per share $ 6,689 2,689,977 $ 2.49 December 31, 2018 Basic net income per share $ 8,470 2,666,902 $ 3.18 Effect of dilutive stock options 18,977 (0.03 ) Diluted net income per share $ 8,470 2,685,879 $ 3.15

Other Comprehensive Income (Tab

Other Comprehensive Income (Tables)	12 Months Ended
	Dec. 31, 2019
Other Comprehensive Income Loss Tax [Abstract]
Schedule of Comprehensive Income	(in thousands) December 31, 2019 December 31, 2018 Available-for-sale securities: Realized gains on sales and calls of securities $ 74 $ - Tax effect (16 ) - Realized gains, net of tax $ 58 $ -

Segment Reporting (Tables)

Segment Reporting (Tables)	12 Months Ended
	Dec. 31, 2019
Segment Reporting [Abstract]
Schedule of segment reporting information	Segment information for the years ended, December 31, 2019, and 2018 is shown in the following tables. 2019 (in thousands) Bank Sturman Wealth Advisors VNB Trust & Estate Services Masonry Capital Consolidated Net interest income $ 21,924 $ - $ - $ - $ 21,924 Provision for loan losses 1,375 - - - 1,375 Noninterest income 3,231 605 1,284 431 5,551 Noninterest expense 15,427 591 1,170 696 17,884 Income before income taxes 8,353 14 114 (265 ) 8,216 Provision for income taxes 1,555 3 24 (55 ) 1,527 Net income (loss) $ 6,798 $ 11 $ 90 $ (210 ) $ 6,689 Prior to January 1, 2019, Virginia National Bankshares Corporation had two reportable segments, the Bank and VNB Wealth. 2018 (in thousands) Bank VNB Wealth Consolidated Net interest income $ 22,823 $ 73 $ 22,896 Provision for loan losses 1,873 - 1,873 Non-interest income 2,715 2,815 5,530 Non-interest expense 13,876 2,138 16,014 Income before income taxes 9,789 750 10,539 Provision for income taxes 1,911 158 2,069 Net income $ 7,878 $ 592 $ 8,470

Condensed Parent Company Fina_2

Condensed Parent Company Financial Statements (Tables)	12 Months Ended
	Dec. 31, 2019
Condensed Financial Information Of Parent Company Only Disclosure [Abstract]
Balance sheet	BALANCE SHEETS December 31, 2019 December 31, 2018 ASSETS (in thousands) Cash and due from banks $ 1,256 $ 1,146 Investment securities 65 65 Investments in subsidiaries 75,365 70,142 Other assets 262 182 Total assets $ 76,948 $ 71,535 LIABILITIES & SHAREHOLDERS' EQUITY Other liabilities $ 841 $ 793 Stockholders' equity 76,107 70,742 Total liabilities and stockholders' equity $ 76,948 $ 71,535
Statement of income	STATEMENTS OF INCOME For the years ended December 31, 2019 December 31, 2018 (in thousands) Dividends from subsidiary $ 3,400 $ 2,250 Noninterest expense 842 429 Income before income taxes $ 2,558 $ 1,821 Income tax (benefit) (162 ) (79 ) Income before equity in undistributed earnings of subsidiaries $ 2,720 $ 1,900 Equity in undistributed earnings of subsidiaries 3,969 6,570 Net income $ 6,689 $ 8,470
Statement of cash flow	STATEMENTS OF CASH FLOWS For the years ended December 31, 2019 December 31, 2018 CASH FLOWS FROM OPERATING ACTIVITIES (in thousands) Net income $ 6,689 $ 8,470 Adjustments to reconcile net income to net cash provided by operating activities: Equity in undistributed earnings of subsidiaries (3,969 ) (6,570 ) Deferred tax expense (16 ) 4 Stock option & stock grant expense 534 65 Decrease (increase) in other assets (64 ) 144 Increase (decrease) in other liabilities 3 (5 ) Net cash provided by operating activities 3,177 2,108 CASH FLOWS FROM INVESTING ACTIVITIES Capital contribution to subsidiary (20 ) - Net cash used in investing activities (20 ) - CASH FLOWS FROM FINANCING ACTIVITIES Proceeds from stock options exercised 102 268 Cash payment for stock dividend fractional shares (5 ) - Dividends paid (3,144 ) (2,466 ) Net cash used in financing activities (3,047 ) (2,198 ) NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS 110 (90 ) CASH AND CASH EQUIVALENTS Beginning of period 1,146 1,236 End of period $ 1,256 $ 1,146

Summary of Significant Accoun_3

Summary of Significant Accounting Policies (Details) - USD ($)	Jul. 05, 2019	Jun. 13, 2019	Apr. 13, 2018	Mar. 16, 2018	Jul. 18, 2013	Dec. 31, 2019	Dec. 31, 2018	Jan. 01, 2019
Organization and Significant Accounting Policies [Line Items]
Shares of common stock authorized						10,000,000	10,000,000
Shares of common stock, par value per share						$ 2.50	$ 2.50
Preferred stock authorized						2,000,000	2,000,000
Preferred stock, par value per share						$ 2.50	$ 2.50
Common stock dividends percentage	5.00%	5.00%	5.00%	5.00%		5.00%
Unrecognized tax benefits, interest or penalties recognized						$ 0	$ 0
Right of use asset						3,576,000
Lease liability						$ 3,604,000
Topic 842 [Member]
Organization and Significant Accounting Policies [Line Items]
Right of use asset								$ 4,300,000
Lease liability								$ 4,300,000
Minimum [Member]
Organization and Significant Accounting Policies [Line Items]
Estimated useful lives of assets						3 years
Estimated useful lives of intangible assets						3 years
Maximum [Member]
Organization and Significant Accounting Policies [Line Items]
Estimated useful lives of assets						20 years
Estimated useful lives of intangible assets						10 years
VNB Trust National Association [Member] | SRCM Holdings LLC [Member]
Organization and Significant Accounting Policies [Line Items]
Period for which counterparty to agreement will pay quarterly payments					10 years
Acquisitions royalty payments as percentage of the management and performance fee revenue received by counterparty from limited partners of the Fund					20.00%
Ongoing referral payments percentage of the management and performance fee revenue received by counterparty from from clients referred by the Company and its affiliates					20.00%

Securities (Amortized Cost and

Securities (Amortized Cost and Fair Values of Securities Available for Sale) (Details)) - USD ($) $ in Thousands	Dec. 31, 2019	Dec. 31, 2018
Debt Securities, Available-for-sale [Line Items]
Amortized Cost	$ 114,095	$ 63,009
Gross Unrealized Gains	358	13
Gross Unrealized (Losses)	(412)	(1,630)
Available for Sale, Fair Value	114,041	61,392
Corporate bonds [Member]
Debt Securities, Available-for-sale [Line Items]
Amortized Cost	7,469
Gross Unrealized Gains
Gross Unrealized (Losses)
Available for Sale, Fair Value	7,469
Municipal bonds [Member]
Debt Securities, Available-for-sale [Line Items]
Amortized Cost	19,656	17,608
Gross Unrealized Gains	282	12
Gross Unrealized (Losses)	(50)	(265)
Available for Sale, Fair Value	19,888	17,355
U.S. Government agencies [Member]
Debt Securities, Available-for-sale [Line Items]
Amortized Cost	15,000	19,500
Gross Unrealized Gains
Gross Unrealized (Losses)	(48)	(526)
Available for Sale, Fair Value	14,952	18,974
Mortgage-backed securities/CMOs [Member]
Debt Securities, Available-for-sale [Line Items]
Amortized Cost	71,970	25,901
Gross Unrealized Gains	76	1
Gross Unrealized (Losses)	(314)	(839)
Available for Sale, Fair Value	$ 71,732	$ 25,063

Securities (Narrative) (Details

Securities (Narrative) (Details)	12 Months Ended
	Dec. 31, 2019USD ($)item	Dec. 31, 2018USD ($)
Schedule of Investments [Line Items]
Available for sale securities, debt securities	$ 114,041,000	$ 61,392,000
Held to maturity	0	0
Restricted securities, at cost	1,683,000	1,683,000
Proceeds from the sales of securities	21,100,000	0
Gross realized gains on sale of securities	71,000
Securities pledged to secure deposits and for other purposes required by law	5,000,000	18,000,000
Available-for-sale Securities, Continuous Unrealized Loss Position, Fair Value	64,651,000	59,336,000
Unrealized loss of available for sale securities	$ 412,000	1,630,000
Number of securities designated as held to maturity | item	43
Mortgage-backed securities/CMOs [Member]
Schedule of Investments [Line Items]
Available for sale securities, debt securities	$ 71,732,000	25,063,000
Available-for-sale Securities, Continuous Unrealized Loss Position, Fair Value	46,777,000	24,657,000
Unrealized loss of available for sale securities	$ 314,000	839,000
Number of securities designated as held to maturity | item	31
U.S. Government agencies [Member]
Schedule of Investments [Line Items]
Available for sale securities, debt securities	$ 14,952,000	18,974,000
Available-for-sale Securities, Continuous Unrealized Loss Position, Fair Value	11,952,000	18,974,000
Unrealized loss of available for sale securities	$ 48,000	526,000
Number of securities designated as held to maturity | item	4
Call option [Member]
Schedule of Investments [Line Items]
Gross realized gains on sale of securities	$ 3,000
Municipal bonds [Member]
Schedule of Investments [Line Items]
Percentage of securities rated with AA or higher ratings	87.00%
Percentage of securities as general obligation bonds with issuers that are geographically diverse	84.00%
Available for sale securities, debt securities	$ 19,888,000	17,355,000
Available-for-sale Securities, Continuous Unrealized Loss Position, Fair Value	5,922,000	15,705,000
Unrealized loss of available for sale securities	$ 50,000	$ 265,000
Number of securities designated as held to maturity | item	8
Corporate bonds [Member]
Schedule of Investments [Line Items]
Available for sale securities, debt securities	$ 7,469,000
Available for sale securities debt securities maturity month and year	2020-03

Securities (Schedule of Unreali

Securities (Schedule of Unrealized Losses) (Details) - USD ($) $ in Thousands	Dec. 31, 2019	Dec. 31, 2018
Debt Securities, Available-for-sale [Line Items]
Continuous Unrealized Loss Position of Less Than 12 Months, Estimated Fair value	$ 54,940	$ 4,983
Continuous Unrealized Loss Position of 12 Months or More, Estimated Fair value	9,711	54,353
Total, Estimated Fair value	64,651	59,336
Continuous Unrealized Loss Position of Less Than 12 Months, Unrealized losses	(321)	(34)
Continuous Unrealized Loss Position of 12 Months or More, Unrealized losses	(91)	(1,596)
Total, Unrealized losses	(412)	(1,630)
Municipal bonds [Member]
Debt Securities, Available-for-sale [Line Items]
Continuous Unrealized Loss Position of Less Than 12 Months, Estimated Fair value	5,922	4,983
Continuous Unrealized Loss Position of 12 Months or More, Estimated Fair value		10,722
Total, Estimated Fair value	5,922	15,705
Continuous Unrealized Loss Position of Less Than 12 Months, Unrealized losses	(50)	(34)
Continuous Unrealized Loss Position of 12 Months or More, Unrealized losses		(231)
Total, Unrealized losses	(50)	(265)
U.S. Government agencies [Member]
Debt Securities, Available-for-sale [Line Items]
Continuous Unrealized Loss Position of Less Than 12 Months, Estimated Fair value	9,957
Continuous Unrealized Loss Position of 12 Months or More, Estimated Fair value	1,995	18,974
Total, Estimated Fair value	11,952	18,974
Continuous Unrealized Loss Position of Less Than 12 Months, Unrealized losses	(43)
Continuous Unrealized Loss Position of 12 Months or More, Unrealized losses	(5)	(526)
Total, Unrealized losses	(48)	(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	39,061
Continuous Unrealized Loss Position of 12 Months or More, Estimated Fair value	7,716	24,657
Total, Estimated Fair value	46,777	24,657
Continuous Unrealized Loss Position of Less Than 12 Months, Unrealized losses	(228)
Continuous Unrealized Loss Position of 12 Months or More, Unrealized losses	(86)	(839)
Total, Unrealized losses	$ (314)	$ (839)

Securities (Schedule of Amortiz

Securities (Schedule of Amortized Cost and Fair Values of Securities Available For Sale Based upon Contractual Maturities and by Major Investment Categories) (Details) - USD ($) $ in Thousands	Dec. 31, 2019	Dec. 31, 2018
Amortized Cost
Amortized Cost	$ 114,095	$ 63,009
Fair Value
Total Securities Available for Sale	114,041
Corporate bonds [Member]
Amortized Cost
One year or less	7,469
Amortized Cost	7,469
Fair Value
One year or less	7,469
Total Securities Available for Sale	7,469
Municipal bonds [Member]
Amortized Cost
One year or less	500
After one year to five years	1,045
After five years to ten years	6,559
Ten years or more	11,552
Amortized Cost	19,656	17,608
Fair Value
One year or less	500
After one year to five years	1,064
After five years to ten years	6,662
Ten years or more	11,662
Total Securities Available for Sale	19,888
U.S. Government agencies [Member]
Amortized Cost
One year or less	2,000
After one year to five years	13,000
Amortized Cost	15,000	19,500
Fair Value
One year or less	1,995
After one year to five years	12,957
Total Securities Available for Sale	14,952
Mortgage-backed securities/CMOs [Member]
Amortized Cost
After five years to ten years	15,812
Ten years or more	56,158
Amortized Cost	71,970	$ 25,901
Fair Value
After five years to ten years	15,764
Ten years or more	55,968
Total Securities Available for Sale	$ 71,732

Loans (Schedule of Composition

Loans (Schedule of Composition of Loan Portfolio by Loan Classification) (Details) - USD ($) $ in Thousands	Dec. 31, 2019	Dec. 31, 2018
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans	$ 539,533	$ 537,190
Less: Allowance for loan losses	(4,209)	(4,891)
Loans, net	535,324	532,299
Commercial and industrial - organic [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans	38,843	41,526
Commercial and industrial - government guaranteed [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans	35,347	31,367
Commercial and industrial - syndicated [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans	6,398	12,134
Commercial Loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans	80,588	85,027
Residential construction [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans	2,197	1,552
Commercial construction [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans	6,880	5,078
Land and land development [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans	8,063	10,894
Real Estate Construction and Land [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans	17,140	17,524
1-4 family residential, first lien, investment [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans	44,099	40,311
1-4 family residential, first lien, owner occupied [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans	20,671	16,775
1-4 family residential, junior lien [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans	2,520	3,169
1-4 family residential - purchased [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans	33,428	18,647
Home equity lines of credit, first lien [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans	10,268	8,325
Home equity lines of credit, junior lien [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans	9,671	10,912
Farm [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans	8,808	10,397
Multifamily [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans	27,093	27,328
Commercial owner occupied [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans	96,117	93,800
Commercial non-owner occupied [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans	118,561	123,214
Real Estate Mortgages [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans	371,236	352,878
Consumer revolving credit [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans	20,081	21,540
Consumer all other credit [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans	5,741	5,530
Student Loans Purchased [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans	44,747	54,691
Consumer Loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans	$ 70,569	$ 81,761

Loans (Narrative) (Details)

Loans (Narrative) (Details)	1 Months Ended		3 Months Ended	12 Months Ended
	Nov. 30, 2019item	Dec. 31, 2018USD ($)item	Dec. 31, 2019USD ($)	Dec. 31, 2019USD ($)itemLoan	Dec. 31, 2018USD ($)itemLoan
Loans And Leases Receivable Disclosure [Line Items]
Unamortized premium		$ 2,500,000	$ 2,500,000	$ 2,500,000	$ 2,500,000
Net deferred loan costs		129,000	100,000	$ 100,000	129,000
Commercial and industrial loan guarantee by SBA and USDA				100.00%
Loans		537,190,000	539,533,000	$ 539,533,000	537,190,000
Deposit account overdrafts		$ 26,000	197,000	197,000	26,000
Charged off				$ 2,259,000	$ 1,097,000
1-4 family residential-purchased [Member]
Loans And Leases Receivable Disclosure [Line Items]
Number of student loan packages purchased | item	1	1		2
Loans			33,400,000	$ 33,400,000
Number of secured loans | Loan				0	0
Student Loans Purchased [Member]
Loans And Leases Receivable Disclosure [Line Items]
Loans		$ 54,691,000	44,747,000	$ 44,747,000	$ 54,691,000
Proceeds from principal repayment			311,000
Proceeds from interest received			$ 9,000
Extended period for repayment				12 months
Lifetime allowance period for military service				36 months
Grace period for repayment				6 months
Number of loans modified as TDRs | item				3	1
Charged off				$ 23,000	$ 33,000
Student Loans Purchased [Member] | Performing [Member]
Loans And Leases Receivable Disclosure [Line Items]
Number of Loans classified as troubled debt restructuring | item				67	66
Total Troubled Debt Restructurings				$ 1,200,000	$ 1,200,000

Loans (Schedule of Activity in

Loans (Schedule of Activity in Related Party Loans) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Loans And Leases Receivable Related Parties Roll Forward
Balance outstanding at beginning of year	$ 21,404	$ 21,443
Principal additions	225	2,199
Principal reductions	(1,329)	(2,238)
Balance outstanding at end of year	$ 20,300	$ 21,404

Loans (Non-Accrual Loans by Loa

Loans (Non-Accrual Loans by Loan Classification) (Details) - USD ($) $ in Thousands	Dec. 31, 2019	Dec. 31, 2018
Financing Receivable, Credit Quality Indicator [Line Items]
Total non-accrual loans	$ 299	$ 615
Land and land development [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Total non-accrual loans	279	32
1-4 family residential, first lien, owner occupied [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Total non-accrual loans		82
Student Loans Purchased [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Total non-accrual loans		445
Commercial and industrial - organic [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Total non-accrual loans	$ 20	$ 56

Loans (Schedule of Aging of Pas

Loans (Schedule of Aging of Past Due Loans) (Details) - USD ($) $ in Thousands	Dec. 31, 2019	Dec. 31, 2018
Past Due and Non-Accrual Loans
Total Past Due	$ 3,610	$ 4,485
Current	535,923	532,705
Total Loans	539,533	537,190
90 Days Past Due and Still Accruing	771	895
30-59 Days Past Due [Member]
Past Due and Non-Accrual Loans
Total Past Due	2,054	1,934
60-89 Days Past Due [Member]
Past Due and Non-Accrual Loans
Total Past Due	519	1,234
90 Days or More Past Due [Member]
Past Due and Non-Accrual Loans
Total Past Due	1,037	1,317
Commercial and industrial - organic [Member]
Past Due and Non-Accrual Loans
Total Past Due	624	222
Current	38,219	41,304
Total Loans	38,843	41,526
Commercial and industrial - organic [Member] | 30-59 Days Past Due [Member]
Past Due and Non-Accrual Loans
Total Past Due	604	50
Commercial and industrial - organic [Member] | 60-89 Days Past Due [Member]
Past Due and Non-Accrual Loans
Total Past Due	20	172
Commercial and industrial - government guaranteed [Member]
Past Due and Non-Accrual Loans
Total Past Due	548	548
Current	34,799	30,819
Total Loans	35,347	31,367
90 Days Past Due and Still Accruing	548	548
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
Current	6,398	12,134
Total Loans	6,398	12,134
Residential construction [Member]
Past Due and Non-Accrual Loans
Current	2,197	1,552
Total Loans	2,197	1,552
Commercial construction [Member]
Past Due and Non-Accrual Loans
Current	6,880	5,078
Total Loans	6,880	5,078
Land and land development [Member]
Past Due and Non-Accrual Loans
Total Past Due	281	16
Current	7,782	10,878
Total Loans	8,063	10,894
90 Days Past Due and Still Accruing	14	15
Land and land development [Member] | 30-59 Days Past Due [Member]
Past Due and Non-Accrual Loans
Total Past Due	1	1
Land and land development [Member] | 90 Days or More Past Due [Member]
Past Due and Non-Accrual Loans
Total Past Due	280	15
1-4 family residential, first lien, investment [Member]
Past Due and Non-Accrual Loans
Total Past Due	188
Current	43,911	40,311
Total Loans	44,099	40,311
1-4 family residential, first lien, investment [Member] | 30-59 Days Past Due [Member]
Past Due and Non-Accrual Loans
Total Past Due	188
1-4 family residential, first lien, owner occupied [Member]
Past Due and Non-Accrual Loans
Total Past Due	123
Current	20,548	16,775
Total Loans	20,671	16,775
1-4 family residential, first lien, owner occupied [Member] | 60-89 Days Past Due [Member]
Past Due and Non-Accrual Loans
Total Past Due	123
1-4 family residential, junior lien [Member]
Past Due and Non-Accrual Loans
Current	2,520	3,169
Total Loans	2,520	3,169
1-4 family residential - purchased [Member]
Past Due and Non-Accrual Loans
Total Past Due	659	954
Current	32,769	17,693
Total Loans	33,428	18,647
1-4 family residential - purchased [Member] | 30-59 Days Past Due [Member]
Past Due and Non-Accrual Loans
Total Past Due	501	954
1-4 family residential - purchased [Member] | 60-89 Days Past Due [Member]
Past Due and Non-Accrual Loans
Total Past Due	158
Home equity lines of credit, first lien [Member]
Past Due and Non-Accrual Loans
Current	10,268	8,325
Total Loans	10,268	8,325
Home equity lines of credit, junior lien [Member]
Past Due and Non-Accrual Loans
Current	9,671	10,912
Total Loans	9,671	10,912
Farm [Member]
Past Due and Non-Accrual Loans
Current	8,808	10,397
Total Loans	8,808	10,397
Multifamily [Member]
Past Due and Non-Accrual Loans
Current	27,093	27,328
Total Loans	27,093	27,328
Commercial owner occupied [Member]
Past Due and Non-Accrual Loans
Current	96,117	93,800
Total Loans	96,117	93,800
Commercial non-owner occupied [Member]
Past Due and Non-Accrual Loans
Total Past Due		75
Current	118,561	123,139
Total Loans	118,561	123,214
Commercial non-owner occupied [Member] | 30-59 Days Past Due [Member]
Past Due and Non-Accrual Loans
Total Past Due		75
Consumer revolving credit [Member]
Past Due and Non-Accrual Loans
Total Past Due	20
Current	20,061	21,540
Total Loans	20,081	21,540
Consumer revolving credit [Member] | 30-59 Days Past Due [Member]
Past Due and Non-Accrual Loans
Total Past Due	20
Consumer all other credit [Member]
Past Due and Non-Accrual Loans
Total Past Due	43	603
Current	5,698	4,927
Total Loans	5,741	5,530
Consumer all other credit [Member] | 30-59 Days Past Due [Member]
Past Due and Non-Accrual Loans
Total Past Due	43	4
Consumer all other credit [Member] | 60-89 Days Past Due [Member]
Past Due and Non-Accrual Loans
Total Past Due		599
Student Loans Purchased [Member]
Past Due and Non-Accrual Loans
Total Past Due	1,124	2,067
Current	43,623	52,624
Total Loans	44,747	54,691
90 Days Past Due and Still Accruing	209	332
Student Loans Purchased [Member] | 30-59 Days Past Due [Member]
Past Due and Non-Accrual Loans
Total Past Due	697	850
Student Loans Purchased [Member] | 60-89 Days Past Due [Member]
Past Due and Non-Accrual Loans
Total Past Due	218	463
Student Loans Purchased [Member] | 90 Days or More Past Due [Member]
Past Due and Non-Accrual Loans
Total Past Due	209	754
Consumer Loans [Member]
Past Due and Non-Accrual Loans
Total Loans	$ 70,569	$ 81,761

Loans (Impaired Loans by Loan C

Loans (Impaired Loans by Loan Classification) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Financing Receivable, Impaired [Line Items]
Recorded Investment, without a valuation allowance	$ 1,295	$ 1,164
Unpaid Principal Balance, without a valuation allowance	1,340	1,267
Average Recorded Investment, without a valuation allowance	1,112	1,322
Interest Income Recognized, without a valuation allowance	70	66
Recorded Investment, total	2,479	2,766
Unpaid Principal Balance, total	2,524	2,869
Associated Allowance, total	21	90
Average Recorded Investment, total	2,661	2,709
Interest Income Recognized, total	156	152
Land and land development [Member]
Financing Receivable, Impaired [Line Items]
Recorded Investment, without a valuation allowance	279	32
Unpaid Principal Balance, without a valuation allowance	324	90
Average Recorded Investment, without a valuation allowance	67	37
Interest Income Recognized, without a valuation allowance	13
1-4 family residential, first lien, owner occupied [Member]
Financing Receivable, Impaired [Line Items]
Recorded Investment, without a valuation allowance		82
Unpaid Principal Balance, without a valuation allowance		127
Average Recorded Investment, without a valuation allowance	20	90
Interest Income Recognized, without a valuation allowance	2
1-4 family residential, junior lien [Member]
Financing Receivable, Impaired [Line Items]
Recorded Investment, without a valuation allowance	117	127
Unpaid Principal Balance, without a valuation allowance	117	127
Average Recorded Investment, without a valuation allowance	122	248
Interest Income Recognized, without a valuation allowance	6	15
Commercial non-owner occupied [Member]
Financing Receivable, Impaired [Line Items]
Recorded Investment, without a valuation allowance	879	923
Unpaid Principal Balance, without a valuation allowance	879	923
Average Recorded Investment, without a valuation allowance	900	947
Interest Income Recognized, without a valuation allowance	48	51
Commercial and industrial - organic [Member]
Financing Receivable, Impaired [Line Items]
Recorded Investment, without a valuation allowance	20
Unpaid Principal Balance, without a valuation allowance	20
Average Recorded Investment, without a valuation allowance	3
Interest Income Recognized, without a valuation allowance	1
Student Loans Purchased [Member]
Financing Receivable, Impaired [Line Items]
Recorded Investment, with a valuation allowance	1,184	1,602
Unpaid Principal Balance, with a valuation allowance	1,184	1,602
Associated Allowance, with a valuation allowance	21	90
Average Recorded Investment, with a valuation allowance	1,549	1,387
Interest Income Recognized, with a valuation allowance	86	86
Impaired loans with a valuation allowance [Member]
Financing Receivable, Impaired [Line Items]
Recorded Investment, with a valuation allowance	1,184	1,602
Unpaid Principal Balance, with a valuation allowance	1,184	1,602
Associated Allowance, with a valuation allowance	21	90
Average Recorded Investment, with a valuation allowance	1,549	1,387
Interest Income Recognized, with a valuation allowance	$ 86	$ 86

Loans (Schedule of Troubled Deb

Loans (Schedule of Troubled Debt Restructurings) (Details) $ in Thousands	Dec. 31, 2019USD ($)item	Dec. 31, 2018USD ($)item
Financing Receivable, Credit Quality Indicator [Line Items]
Number of loans | item	70	69
Total Troubled Debt Restructurings | $	$ 2,193	$ 2,230
Performing [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Number of loans | item	69	67
Total Troubled Debt Restructurings | $	$ 2,180	$ 2,207
Performing [Member] | 1-4 family residential, junior lien [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Number of loans | item	1	1
Total Troubled Debt Restructurings | $	$ 117	$ 127
Performing [Member] | Commercial non-owner occupied [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Number of loans | item	1	1
Total Troubled Debt Restructurings | $	$ 879	$ 923
Performing [Member] | Student Loans Purchased [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Number of loans | item	67	65
Total Troubled Debt Restructurings | $	$ 1,184	$ 1,157
Nonperforming [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Number of loans | item	1	2
Total Troubled Debt Restructurings | $	$ 13	$ 23
Nonperforming [Member] | Student Loans Purchased [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Number of loans | item		1
Total Troubled Debt Restructurings | $		$ 4
Nonperforming [Member] | Land and land development [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Number of loans | item	1	1
Total Troubled Debt Restructurings | $	$ 13	$ 19

Loans (Schedule of Loans Modifi

Loans (Schedule of Loans Modified Under the Terms of a TDR) (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2019USD ($)item	Dec. 31, 2018USD ($)item
Financing Receivable, Troubled Debt Restructuring [Line Items]
Number of Loans | item	22	12
Pre-Modification Recorded Balance	$ 230	$ 244
Post-Modification Recorded Balance	$ 230	$ 244
Student Loans Purchased [Member]
Financing Receivable, Troubled Debt Restructuring [Line Items]
Number of Loans | item	22	12
Pre-Modification Recorded Balance	$ 230	$ 244
Post-Modification Recorded Balance	$ 230	$ 244

Allowance for Loan Losses (Past

Allowance for Loan Losses (Past Due Aging by Loan Classification) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Financing Receivable, Allowance for Credit Losses [Roll Forward]
Beginning Balance	$ 4,891	$ 4,043
Loans charged off	(2,259)	(1,097)
Recoveries	202	72
Net charge-offs	(2,057)	(1,025)
Provision for loan losses	1,375	1,873
Ending Balance	$ 4,209	$ 4,891

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	Dec. 31, 2019	Dec. 31, 2018
Financing Receivable, Credit Quality Indicator [Line Items]
Loans	$ 539,533	$ 537,190
Commercial and industrial - organic [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Loans	38,843	41,526
Commercial and industrial - government guaranteed [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Loans	35,347	31,367
Commercial and industrial - syndicated [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Loans	6,398	12,134
Residential construction [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Loans	2,197	1,552
Commercial construction [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Loans	6,880	5,078
Land and land development [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Loans	8,063	10,894
1-4 family residential, first lien, investment [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Loans	44,099	40,311
1-4 family residential, first lien, owner occupied [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Loans	20,671	16,775
1-4 family residential, junior lien [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Loans	2,520	3,169
1-4 family residential - purchased [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Loans	33,428	18,647
Home equity lines of credit, first lien [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Loans	10,268	8,325
Home equity lines of credit, junior lien [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Loans	9,671	10,912
Farm [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Loans	8,808	10,397
Multifamily [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Loans	27,093	27,328
Commercial owner occupied [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Loans	96,117	93,800
Commercial non-owner occupied [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Loans	118,561	123,214
Consumer revolving credit [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Loans	20,081	21,540
Consumer all other credit [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Loans	5,741	5,530
Student Loans Purchased [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Loans	44,747	54,691
Excellent [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Loans	42,288	35,366
Excellent [Member] | Commercial and industrial - organic [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Loans	6,463	3,692
Excellent [Member] | Commercial and industrial - government guaranteed [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Loans	35,347	31,367
Excellent [Member] | Commercial and industrial - syndicated [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Loans
Excellent [Member] | Residential construction [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Loans
Excellent [Member] | Commercial construction [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Loans
Excellent [Member] | Land and land development [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Loans
Excellent [Member] | 1-4 family residential, first lien, investment [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Loans
Excellent [Member] | 1-4 family residential, first lien, owner occupied [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Loans
Excellent [Member] | 1-4 family residential, junior lien [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Loans
Excellent [Member] | 1-4 family residential - purchased [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Loans
Excellent [Member] | Home equity lines of credit, first lien [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Loans
Excellent [Member] | Home equity lines of credit, junior lien [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Loans
Excellent [Member] | Farm [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Loans
Excellent [Member] | Multifamily [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Loans
Excellent [Member] | Commercial owner occupied [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Loans
Excellent [Member] | Commercial non-owner occupied [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Loans
Excellent [Member] | Consumer revolving credit [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Loans	279	44
Excellent [Member] | Consumer all other credit [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Loans	199	263
Excellent [Member] | Student Loans Purchased [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Loans
Good [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Loans	40,664	48,932
Good [Member] | Commercial and industrial - organic [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Loans	16,453	23,381
Good [Member] | Commercial and industrial - government guaranteed [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Loans
Good [Member] | Commercial and industrial - syndicated [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Loans
Good [Member] | Residential construction [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Loans
Good [Member] | Commercial construction [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Loans
Good [Member] | Land and land development [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Loans
Good [Member] | 1-4 family residential, first lien, investment [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Loans
Good [Member] | 1-4 family residential, first lien, owner occupied [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Loans
Good [Member] | 1-4 family residential, junior lien [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Loans
Good [Member] | 1-4 family residential - purchased [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Loans
Good [Member] | Home equity lines of credit, first lien [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Loans
Good [Member] | Home equity lines of credit, junior lien [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Loans
Good [Member] | Farm [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Loans
Good [Member] | Multifamily [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Loans
Good [Member] | Commercial owner occupied [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Loans
Good [Member] | Commercial non-owner occupied [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Loans
Good [Member] | Consumer revolving credit [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Loans	19,176	20,852
Good [Member] | Consumer all other credit [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Loans	5,035	4,699
Good [Member] | Student Loans Purchased [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Loans
Pass [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Loans	430,445	428,096
Pass [Member] | Commercial and industrial - organic [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Loans	14,257	13,993
Pass [Member] | Commercial and industrial - government guaranteed [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Loans
Pass [Member] | Commercial and industrial - syndicated [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Loans	6,398	9,588
Pass [Member] | Residential construction [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Loans	2,197	1,552
Pass [Member] | Commercial construction [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Loans	6,880	5,078
Pass [Member] | Land and land development [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Loans	7,563	9,888
Pass [Member] | 1-4 family residential, first lien, investment [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Loans	39,641	36,314
Pass [Member] | 1-4 family residential, first lien, owner occupied [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Loans	19,578	15,540
Pass [Member] | 1-4 family residential, junior lien [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Loans	2,029	2,573
Pass [Member] | 1-4 family residential - purchased [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Loans	33,428	18,647
Pass [Member] | Home equity lines of credit, first lien [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Loans	9,591	7,911
Pass [Member] | Home equity lines of credit, junior lien [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Loans	9,357	10,704
Pass [Member] | Farm [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Loans	6,149	8,719
Pass [Member] | Multifamily [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Loans	26,690	27,328
Pass [Member] | Commercial owner occupied [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Loans	86,884	86,868
Pass [Member] | Commercial non-owner occupied [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Loans	116,092	120,720
Pass [Member] | Consumer revolving credit [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Loans	606	644
Pass [Member] | Consumer all other credit [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Loans	507	535
Pass [Member] | Student Loans Purchased [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Loans	42,598	51,494
Watch [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Loans	17,714	17,223
Watch [Member] | Commercial and industrial - organic [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Loans	1,493	264
Watch [Member] | Commercial and industrial - government guaranteed [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Loans
Watch [Member] | Commercial and industrial - syndicated [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Loans
Watch [Member] | Residential construction [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Loans
Watch [Member] | Commercial construction [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Loans
Watch [Member] | Land and land development [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Loans	207	501
Watch [Member] | 1-4 family residential, first lien, investment [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Loans	4,076	3,607
Watch [Member] | 1-4 family residential, first lien, owner occupied [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Loans	1,040	1,087
Watch [Member] | 1-4 family residential, junior lien [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Loans	33	58
Watch [Member] | 1-4 family residential - purchased [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Loans
Watch [Member] | Home equity lines of credit, first lien [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Loans	677	414
Watch [Member] | Home equity lines of credit, junior lien [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Loans	232	97
Watch [Member] | Farm [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Loans	318	339
Watch [Member] | Multifamily [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Loans	403
Watch [Member] | Commercial owner occupied [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Loans	5,928	6,932
Watch [Member] | Commercial non-owner occupied [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Loans	1,558	1,519
Watch [Member] | Consumer revolving credit [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Loans	20
Watch [Member] | Consumer all other credit [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Loans		4
Watch [Member] | Student Loans Purchased [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Loans	1,729	2,401
Special Mention [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Loans	1,942	609
Special Mention [Member] | Commercial and industrial - organic [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Loans	37	28
Special Mention [Member] | Commercial and industrial - government guaranteed [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Loans
Special Mention [Member] | Commercial and industrial - syndicated [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Loans
Special Mention [Member] | Residential construction [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Loans
Special Mention [Member] | Commercial construction [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Loans
Special Mention [Member] | Land and land development [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Loans
Special Mention [Member] | 1-4 family residential, first lien, investment [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Loans		117
Special Mention [Member] | 1-4 family residential, first lien, owner occupied [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Loans		11
Special Mention [Member] | 1-4 family residential, junior lien [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Loans	17	22
Special Mention [Member] | 1-4 family residential - purchased [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Loans
Special Mention [Member] | Home equity lines of credit, first lien [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Loans
Special Mention [Member] | Home equity lines of credit, junior lien [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Loans
Special Mention [Member] | Farm [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Loans
Special Mention [Member] | Multifamily [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Loans
Special Mention [Member] | Commercial owner occupied [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Loans	1,677
Special Mention [Member] | Commercial non-owner occupied [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Loans
Special Mention [Member] | Consumer revolving credit [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Loans
Special Mention [Member] | Consumer all other credit [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Loans
Special Mention [Member] | Student Loans Purchased [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Loans	211	431
Substandard [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Loans	6,480	6,964
Substandard [Member] | Commercial and industrial - organic [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Loans	140	168
Substandard [Member] | Commercial and industrial - government guaranteed [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Loans
Substandard [Member] | Commercial and industrial - syndicated [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Loans		2,546
Substandard [Member] | Residential construction [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Loans
Substandard [Member] | Commercial construction [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Loans
Substandard [Member] | Land and land development [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Loans	293	505
Substandard [Member] | 1-4 family residential, first lien, investment [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Loans	382	273
Substandard [Member] | 1-4 family residential, first lien, owner occupied [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Loans	53	137
Substandard [Member] | 1-4 family residential, junior lien [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Loans	441	516
Substandard [Member] | 1-4 family residential - purchased [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Loans
Substandard [Member] | Home equity lines of credit, first lien [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Loans
Substandard [Member] | Home equity lines of credit, junior lien [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Loans	82	111
Substandard [Member] | Farm [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Loans	2,341	1,339
Substandard [Member] | Multifamily [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Loans
Substandard [Member] | Commercial owner occupied [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Loans	1,628
Substandard [Member] | Commercial non-owner occupied [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Loans	911	975
Substandard [Member] | Consumer revolving credit [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Loans
Substandard [Member] | Consumer all other credit [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Loans		29
Substandard [Member] | Student Loans Purchased [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Loans	$ 209	$ 365

Allowance for Loan Losses (Narr

Allowance for Loan Losses (Narrative) (Details) - USD ($)	Dec. 31, 2019	Dec. 31, 2018
Allowance For Loan Losses [Abstract]
Impaired loans	$ 2,479,000	$ 2,766,000
Individually evaluated for impairment	$ 21,000	$ 90,000

Allowance for Loan Losses (Allo

Allowance for Loan Losses (Allowance for Credit Losses Rollforward by Portfolio Segment) (Details) - USD ($)	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Allowance for Loan Losses:
Beginning Balance	$ 4,891,000	$ 4,043,000
Charge-offs	(2,259,000)	(1,097,000)
Recoveries	202,000	72,000
Provision for (recovery of) loan losses	1,375,000	1,873,000
Ending Balance	4,209,000	4,891,000
Ending balance: Individually evaluated for impairment	21,000	90,000
Ending balance: Collectively evaluated for impairment	4,188,000	4,801,000
Loans:
Individually evaluated for impairment	2,479,000	2,766,000
Collectively evaluated for impairment	537,054,000	534,424,000
Ending Balance	539,533,000	537,190,000
Commercial Loans [Member]
Allowance for Loan Losses:
Beginning Balance	811,000	885,000
Charge-offs	(482,000)	(75,000)
Recoveries	51,000	54,000
Provision for (recovery of) loan losses	(78,000)	(53,000)
Ending Balance	302,000	811,000
Ending balance: Individually evaluated for impairment
Ending balance: Collectively evaluated for impairment	302,000	811,000
Loans:
Individually evaluated for impairment	20,000
Collectively evaluated for impairment	80,568,000	85,027,000
Ending Balance	80,588,000	85,027,000
Real Estate Construction and Land [Member]
Allowance for Loan Losses:
Beginning Balance	119,000	206,000
Charge-offs
Recoveries	1,000
Provision for (recovery of) loan losses	(11,000)	(87,000)
Ending Balance	109,000	119,000
Ending balance: Individually evaluated for impairment
Ending balance: Collectively evaluated for impairment	109,000	119,000
Loans:
Individually evaluated for impairment	279,000	32,000
Collectively evaluated for impairment	16,861,000	17,492,000
Ending Balance	17,140,000	17,524,000
Real Estate Mortgages [Member]
Allowance for Loan Losses:
Beginning Balance	2,611,000	2,730,000
Charge-offs
Recoveries	14,000	2,000
Provision for (recovery of) loan losses	59,000	(121,000)
Ending Balance	2,684,000	2,611,000
Ending balance: Individually evaluated for impairment
Ending balance: Collectively evaluated for impairment	2,684,000	2,611,000
Loans:
Individually evaluated for impairment	996,000	1,132,000
Collectively evaluated for impairment	370,240,000	351,746,000
Ending Balance	371,236,000	352,878,000
Consumer Loans [Member]
Allowance for Loan Losses:
Beginning Balance	1,350,000	222,000
Charge-offs	(1,777,000)	(1,022,000)
Recoveries	136,000	16,000
Provision for (recovery of) loan losses	1,405,000	2,134,000
Ending Balance	1,114,000	1,350,000
Ending balance: Individually evaluated for impairment	21,000	90,000
Ending balance: Collectively evaluated for impairment	1,093,000	1,260,000
Loans:
Individually evaluated for impairment	1,184,000	1,602,000
Collectively evaluated for impairment	69,385,000	80,159,000
Ending Balance	$ 70,569,000	$ 81,761,000

Premises and Equipment (Summary

Premises and Equipment (Summary of Premises and Equipment) (Details) - USD ($) $ in Thousands	Dec. 31, 2019	Dec. 31, 2018
Property, Plant and Equipment [Line Items]
Premises and equipment, gross	$ 25,250	$ 25,061
Less: accumulated depreciation and amortization	19,105	18,019
Premises and equipment, net	6,145	7,042
Leasehold Improvements [Member]
Property, Plant and Equipment [Line Items]
Premises and equipment, gross	14,713	14,594
Building and land [Member]
Property, Plant and Equipment [Line Items]
Premises and equipment, gross	1,215	1,215
Construction and fixed assets in progress [Member]
Property, Plant and Equipment [Line Items]
Premises and equipment, gross	68	434
Furniture and equipment [Member]
Property, Plant and Equipment [Line Items]
Premises and equipment, gross	6,636	6,513
Computer software [Member]
Property, Plant and Equipment [Line Items]
Premises and equipment, gross	$ 2,618	$ 2,305

Leases (Narrative) (Details)

Leases (Narrative) (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2019	Jan. 01, 2019
Lessee Lease Description [Line Items]
Right-of-use asset and lease liability		$ 4.3
Lessee, operating lease, existence of option to extend	true
Minimum [Member]
Lessee Lease Description [Line Items]
Lease term	1 year
Maximum [Member]
Lessee Lease Description [Line Items]
Lease term	20 years

Leases (Schedule of Operating L

Leases (Schedule of Operating Lease Liability) (Details) $ in Thousands	Dec. 31, 2019USD ($)
Leases [Abstract]
Lease liability	$ 3,604
Right-of-use asset	$ 3,576
Weighted average remaining lease term	5 years 14 days
Weighted average discount rate	2.83%

Leases (Schedule of Operating_2

Leases (Schedule of Operating Lease Expense) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Leases [Abstract]
Operating lease expense	$ 815
Short-term lease expense	137
Total lease expense	952	913
Cash paid for amounts included in lease liabilities	$ 788

Leases (Schedule of Operating_3

Leases (Schedule of Operating Lease Liabilities And Reconciliation of Undiscounted Cash Flows) (Details) $ in Thousands	Dec. 31, 2019USD ($)
Commitments And Contingencies Disclosure [Abstract]
Twelve months ending December 31, 2020	$ 799
Twelve months ending December 31, 2021	807
Twelve months ending December 31, 2022	768
Twelve months ending December 31, 2023	680
Twelve months ending December 31, 2024	469
Thereafter	354
Total undiscounted cash flows	3,877
Less: Discount	(273)
Lease liability	$ 3,604

Intangible Assets (Narrative) (

Intangible Assets (Narrative) (Details) - USD ($) $ in Thousands	Feb. 01, 2016	Dec. 31, 2019	Dec. 31, 2018	Jan. 15, 2016
Business Acquisition [Line Items]
Amortization expense		$ 83	$ 109
Net carrying value of intangible assets which will be recognized as amortization expense in future reporting periods through 2026		408	$ 477
Contingent liability		$ 28
Senior Wealth Advisor for VNB Trust [Member]
Business Acquisition [Line Items]
Fair market value of the Purchased Relationships				$ 31,500
Purchase price	$ 1,200
Purchase price repayment term	5 years

Intangible Assets (Schedule of

Intangible Assets (Schedule of Net Asset Values, as Determined by Independent Third Party, Based on Fair Value Measurement) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Fair Value
Goodwill	$ 372	$ 372
Non-Compete Agreement [Member]
% of Total Intangible Assets
Estimated Economic Useful Life	3 years
Customer Relationships Intangible [Member]
% of Total Intangible Assets
Estimated Economic Useful Life	10 years
Senior Wealth Advisor for VNB Trust [Member]
Fair Value
Total Identified Intangible Assets	$ 773
Goodwill	372
Total Intangible Assets	$ 1,145
% of Total Intangible Assets
Total Identified Intangible Assets	67.50%
Goodwill	32.50%
Total Intangible Assets	100.00%
Senior Wealth Advisor for VNB Trust [Member] | Non-Compete Agreement [Member]
Fair Value
Total Identified Intangible Assets	$ 103
% of Total Intangible Assets
Total Identified Intangible Assets	9.00%
Senior Wealth Advisor for VNB Trust [Member] | Customer Relationships Intangible [Member]
Fair Value
Total Identified Intangible Assets	$ 670
% of Total Intangible Assets
Total Identified Intangible Assets	58.50%

Intangible Assets (Schedule o_2

Intangible Assets (Schedule of Gross and Net Balance of Intangible Assets) (Details) - USD ($) $ in Thousands	Dec. 31, 2019	Dec. 31, 2018
Acquired Finite Lived Intangible Assets [Line Items]
Gross Carrying Value	$ 773
Accumulated Amortization	365
Net Carrying Value	408	$ 477
Non-Compete Agreement [Member]
Acquired Finite Lived Intangible Assets [Line Items]
Gross Carrying Value	103
Accumulated Amortization	103
Customer Relationships Intangible [Member]
Acquired Finite Lived Intangible Assets [Line Items]
Gross Carrying Value	670
Accumulated Amortization	262
Net Carrying Value	$ 408

Deposits (Schedule of Maturitie

Deposits (Schedule of Maturities of Time Deposits) (Details) - USD ($) $ in Thousands	Dec. 31, 2019	Dec. 31, 2018
Deposits [Abstract]
2020	$ 84,212
2021	22,231
2022	1,000
2023	928
2024	907
Total	$ 109,278	$ 108,531

Deposits (Narrative) (Details)

Deposits (Narrative) (Details) - USD ($)	Dec. 31, 2019	Dec. 31, 2018
Deposits [Line Items]
Time Deposits, $250,000 or More	$ 38,400,000	$ 28,000,000
Reciprocal deposits	13,700,000	27,300,000
Brokered deposits	0	0
Deposit account overdrafts	197,000	26,000
Aggregate amount of related party deposits	15,400,000	6,300,000
ICS [Member]
Deposits [Line Items]
Demand deposit account	19,300,000	15,800,000
Money market account	$ 53,600,000	$ 21,000,000

Income Taxes (Schedule of Net D

Income Taxes (Schedule of Net Deferred Tax Assets) (Details) - USD ($) $ in Thousands	Dec. 31, 2019	Dec. 31, 2018
Deferred tax assets:
Allowance for loan losses	$ 884	$ 1,027
Non-accrual loan interest	4	15
Stock option/grant expense	20	32
Start-up expenses	43	47
Home equity closing costs	24	27
Deferred compensation expense	9	10
Goodwill and other intangible assets	12	14
Lease accounting standard	6
Securities available for sale unrealized loss	11	339
Depreciation	477	404
Deferred tax assets	1,490	1,915
Deferred tax liabilities:
Deferred loan costs	21	27
Deferred tax liabilities	21	27
Net deferred tax assets	$ 1,469	$ 1,888

Income Taxes (Schedule of Provi

Income Taxes (Schedule of Provision for Income Taxes) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Provision for income taxes
Current tax expense	$ 1,436	$ 2,303
Deferred tax expense (benefit)	91	(234)
Provision for income taxes	$ 1,527	$ 2,069

Income Taxes (Schedule of Effec

Income Taxes (Schedule of Effective Income Tax Rate Reconciliation, Amount) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Effective Income Tax Rate Reconciliation, Amount [Abstract]
Federal statutory rate	21.00%	21.00%
Computed statutory tax expense	$ 1,726	$ 2,213
Increase (decrease) in tax resulting from:
Tax-exempt interest income	(62)	(74)
Tax-exempt income from Bank Owned Life Insurance (BOLI)	(168)	(94)
Stock option expense	10	7
Stock option exercise benefit	(15)	(18)
Other expenses	36	35
Provision for income taxes	$ 1,527	$ 2,069

Commitments and Contingent Li_2

Commitments and Contingent Liabilities (Narrative) (Details) - USD ($)	Dec. 31, 2019	Dec. 31, 2018
Commitments And Contingencies Disclosure [Abstract]
Daily average required balances	$ 0	$ 0

Financial Instruments With Of_3

Financial Instruments With Off-Balance Sheet Risk and Credit Risk (Narrative) (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Risks And Uncertainties [Abstract]
Commitment letters	$ 14.4	$ 9.5
Commitment letters expiration period	120 days
Deposits in other financial institutions in excess of amounts insured by the FDIC	$ 5.9

Financial Instruments with Of_4

Financial Instruments with Off-Balance Sheet Risk and Credit Risk - Schedule of Financial Instruments with Credit Risk (Details) - USD ($) $ in Thousands	Dec. 31, 2019	Dec. 31, 2018
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Notional Amount	$ 130,800	$ 114,198
Unfunded Lines-of-Credit [Member]
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Notional Amount	106,784	88,323
ACH [Member]
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Notional Amount	18,665	20,131
Letters of Credit [Member]
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Notional Amount	$ 5,351	$ 5,744

Related Party Transactions (Nar

Related Party Transactions (Narrative) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Director [Member]
Related Party Transaction [Line Items]
Leasing/rental expenditures (including reimbursements for taxes, insurance, and other expenses)	$ 500	$ 492

Capital Requirements (Narrative

Capital Requirements (Narrative) (Details) - USD ($)	Jan. 01, 2016	Dec. 31, 2019	Sep. 17, 2019	Dec. 31, 2018	Aug. 30, 2018	Dec. 31, 2014
Assets		$ 702,627,000		$ 644,800,000
Regulatory capital rules effective date		Jan. 1, 2015
Common equity Tier 1 capital, minimum capital requirement, ratio		4.50%
Tier 1 capital, minimum capital requirement, ratio		6.00%				4.00%
Total capital, minimum capital requirement, ratio		8.00%
Total capital, minimum capital requirement, ratio		4.00%
Capital conservation buffer requirement period	4 years
Capital conservation buffer risk-weighted assets	0.625%
Capital conservation buffer risk-weighted assets annual increase percentage	2.50%
Minimum capital conservation buffer percentage		2.50%
Common equity tier one capital ratio of risk-weighted assets		7.00%
Tier 1 capital ratio of risk-weighted assets		8.50%
Capital conservation buffer to risk weighted assets		10.50%
Minimum [Member]
Tier 1 leverage ratio			9.00%
Maximum [Member]
Tier 1 leverage capital			$ 10,000,000,000
SBHC Policy Statement [Member]
Assets					$ 3,000,000,000
Threshold [Member]
Assets					$ 1,000,000,000

Capital Requirements (Schedule

Capital Requirements (Schedule of Bank Actual Capital Amounts and Ratios) (Details) - USD ($) $ in Thousands	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2014
Total Capital, Ratio
Total Capital, Minimum Capital Requirement, Ratio	8.00%
Tier 1 Capital, Minimum Capital Requirement, Ratio	6.00%		4.00%
Common Equity Tier 1 Capital, Ratio
Common Equity Tier 1 Capital, Minimum Capital Requirement, Ratio	4.50%
Tier 1 Capital, Ratio
Tier 1 Capital, Minimum Capital Requirement, Ratio	4.00%
Bank [Member]
Total Capital, Amount
Total Capital, Actual, Amount	$ 79,058	$ 75,491
Total Capital, Minimum Capital Requirement, Amount	42,225	41,914
Total Capital, Minimum To Be Well Capitalized Under Prompt Corrective, Amount	52,781	52,393
Common Equity Tier 1 Capital, Amount
Common Equity Tier 1 Capital, Actual, Amount	74,819	70,570
Common Equity Tier 1 Capital, Minimum Capital Requirement, Amount	23,751	23,577
Common Equity Tier 1 Capital, Minimum To Be Well Capitalized Under Prompt Corrective Action Provisions, Amount	34,308	34,055
Tier 1 Capital, Amount
Tier 1 Capital, Actual, Amount	74,819	70,570
Tier 1 Capital, Minimum Capital Requirement, Amount	31,668	31,436
Tier 1 Capital, Minimum To Be Well Capitalized Under Prompt Corrective, Amount	42,225	41,914
Tier 1 Capital, Amount
Tier 1 Capital, Actual, Amount	74,819	70,570
Tier 1 Capital, Minimum Capital Requirement, Amount	27,891	25,544
Tier 1 Capital, Minimum To Be Well Capitalized Under Prompt Corrective, Amount	$ 34,864	$ 31,930
Total Capital, Ratio
Total Capital (To Risk Weighted Assets), Ratio	14.98%	14.41%
Total Capital, Minimum Capital Requirement, Ratio	8.00%	8.00%
Total Capital, Minimum To Be Well Capitalized Under Prompt Corrective, Ratio	10.00%	10.00%
Tier 1 Capital (To Risk Weighted Assets), Ratio	14.18%	13.47%
Tier 1 Capital, Minimum Capital Requirement, Ratio	6.00%	6.00%
Tier 1 Capital, Minimum To Be Well Capitalized Under Prompt Corrective, Ratio	8.00%	8.00%
Common Equity Tier 1 Capital, Ratio
Common Equity Tier 1 Capital (To Risk Weighted Assets), Ratio	14.18%	13.47%
Common Equity Tier 1 Capital, Minimum Capital Requirement, Ratio	4.50%	4.50%
Common Equity Tier 1 Capital ,Minimum To Be Well Capitalized Under Prompt Corrective Action Provisions, Ratio	6.50%	6.50%
Tier 1 Capital, Ratio
Tier 1 Capital (To Average Assets), Ratio	10.73%	11.05%
Tier 1 Capital, Minimum Capital Requirement, Ratio	4.00%	4.00%
Tier 1 Capital, Minimum To Be Well Capitalized Under Prompt Corrective, Ratio	5.00%	5.00%

Dividend Restrictions (Narrativ

Dividend Restrictions (Narrative) (Details) $ in Thousands	Dec. 31, 2019USD ($)
Disclosure Of Restrictions On Dividends Loans And Advances Disclosure [Abstract]
Amount available for cash dividends	$ 16,833

Fair Value Measurements (Assets

Fair Value Measurements (Assets Measured at Fair Value on Recurring Basis) (Details) - Fair Value, Recurring [Member] - USD ($) $ in Thousands	Dec. 31, 2019	Dec. 31, 2018
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets measured at fair value	$ 114,041	$ 61,392
Corporate bonds [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets measured at fair value	7,469
Municipal bonds [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets measured at fair value	19,888	17,355
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
Quoted Prices in Active Markets for Identical Assets (Level 1) [Member] | Corporate bonds [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets measured at fair value
Quoted Prices in Active Markets for Identical Assets (Level 1) [Member] | Municipal bonds [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets measured at fair value
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	114,041	61,392
Significant Other Observable Inputs (Level 2) [Member] | Corporate bonds [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets measured at fair value	7,469
Significant Other Observable Inputs (Level 2) [Member] | Municipal bonds [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets measured at fair value	19,888	17,355
Significant Unobservable Inputs (Level 3) [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets measured at fair value
Significant Unobservable Inputs (Level 3) [Member] | Corporate bonds [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets measured at fair value
Significant Unobservable Inputs (Level 3) [Member] | Municipal bonds [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets measured at fair value
U.S. Government agencies [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets measured at fair value	14,952	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	14,952	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	71,732	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	71,732	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

Fair Value Measurements (Narrat

Fair Value Measurements (Narrative) (Details) $ in Thousands	Dec. 31, 2019USD ($)Property	Dec. 31, 2018USD ($)Property
Fair Value Disclosures [Abstract]
Number of other real estate owned properties | Property	0	0
Recorded Investment, total | $	$ 2,479	$ 2,766

Fair Value Measurements (Carryi

Fair Value Measurements (Carrying Values and Estimated Fair Values of Financial Instruments) (Details) - Fair Value, Nonrecurring [Member] - USD ($) $ in Thousands	Dec. 31, 2019	Dec. 31, 2018
Carrying Value [Member]
Assets
Cash and cash equivalent	$ 19,085	$ 18,874
Available for sale securities	114,041	61,392
Loans, net	535,324	532,299
Bank owned life insurance	16,412	16,790
Accrued interest receivable	2,240	2,100
Liabilities
Demand deposits and interest-bearing transaction and money market accounts	511,933	464,002
Certificates of deposit	109,278	108,531
Repurchase agreements and other borrowings
Accrued interest payable	295	243
Fair Value [Member]
Assets
Cash and cash equivalent	19,085	18,874
Available for sale securities	114,041	61,392
Loans, net	523,507	514,917
Bank owned life insurance	16,412	16,790
Accrued interest receivable	2,240	2,100
Liabilities
Demand deposits and interest-bearing transaction and money market accounts	511,933	464,002
Certificates of deposit	109,846	108,323
Repurchase agreements and other borrowings
Accrued interest payable	295	243
Fair Value [Member] | Quoted Prices in Active Markets for Identical Assets (Level 1) [Member]
Assets
Cash and cash equivalent	19,085	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 accounts
Certificates of deposit
Repurchase agreements and other borrowings
Accrued interest payable
Fair Value [Member] | Significant Other Observable Inputs (Level 2) [Member]
Assets
Cash and cash equivalent
Available for sale securities	114,041	61,392
Loans, net
Bank owned life insurance	16,412	16,790
Accrued interest receivable	385	342
Liabilities
Demand deposits and interest-bearing transaction and money market accounts	511,933	464,002
Certificates of deposit	109,846	108,323
Repurchase agreements and other borrowings
Accrued interest payable	295	243
Fair Value [Member] | Significant Unobservable Inputs (Level 3) [Member]
Assets
Cash and cash equivalent
Available for sale securities
Loans, net	523,507	514,917
Bank owned life insurance
Accrued interest receivable	1,855	1,758
Liabilities
Demand deposits and interest-bearing transaction and money market accounts
Certificates of deposit
Repurchase agreements and other borrowings
Accrued interest payable

Other Noninterest Expenses (Sch

Other Noninterest Expenses (Schedule of Other Expense) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Other Expenses [Abstract]
ATM, debit and credit card	$ 190	$ 207
Bank franchise tax	591	469
Computer software	529	424
Marketing, advertising and promotion	539	715
Professional fees	771	797
Other	2,065	1,943
Total	$ 4,685	$ 4,555

Employee Benefit Plans (Details

Employee Benefit Plans (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Compensation And Retirement Disclosure [Abstract]
Minimum age of employees for benefit plans	18 years
Percentage of contribution matched	100.00%
Percentage of employee contribution	6.00%
Amount of contributed to the plan	$ 342	$ 304

Stock Incentive Plans (Plan dur

Stock Incentive Plans (Plan duration - Narrative) (Details) - USD ($)	Jul. 05, 2019	Jun. 13, 2019	Apr. 13, 2018	Mar. 16, 2018	Jun. 30, 2011	Feb. 20, 2019	Dec. 31, 2019	Dec. 31, 2018	May 21, 2014
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Common stock dividends percentage	5.00%	5.00%	5.00%	5.00%			5.00%
Employee Stock Option [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Common stock dividends percentage							5.00%	5.00%
Option Issued							12,420	65,887
Compensation expense							$ 97,000	$ 65,000
Unrecognized compensation expense related to the non-vested awards							$ 356,000
Unrecognized compensation expense related to the non-vested awards, final year of recognition							2024
Unrestricted Stock [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Compensation expense								$ 0
Stock grants awarded							15,535	0
Stock grants outstanding							4,000	0
Unrestricted Stock [Member] | Non-Employee Directors [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock grants awarded						11,535
Compensation expense							$ 425,000
Restricted Stock [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Compensation expense							12,000	$ 0
Unrecognized compensation expense related to the non-vested awards							$ 132,000
Unrecognized compensation expense related to the non-vested awards, final year of recognition							2023
Stock grants awarded								0
Stock grants outstanding								0
Stock grants issued							4,000
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 authorized for issuance							275,625		275,625
Common stock available for grant							164,043
2014 Stock Plan [Member] | Unrestricted Stock [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock grants issued							11,535
2014 Stock Plan [Member] | Restricted Stock [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock grants issued							4,000
2005 Stock Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Common stock authorized for issuance							253,575
Common stock dividends percentage					15.00%
Common stock available for grant							0		0
2005 Stock Plan [Member] | Unrestricted Stock [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock grants issued							0
2005 Stock Plan [Member] | Restricted Stock [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock grants issued							0

Stock Incentive Plans (Summary

Stock Incentive Plans (Summary of Shares Issued and Available Under Each Plans) (Details) - $ / shares	12 Months Ended
	Dec. 31, 2019	May 21, 2014
Restricted Stock [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock grants issued	(4,000)
2005 Stock Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Aggregate shares issuable	253,575
Options issued, net of forfeited and expired options	(59,831)
Cancelled due to Plan expiration	(193,744)
Remaining available for grant	0	0
Fully vested shares	0
2005 Stock Plan [Member] | Unrestricted Stock [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock grants issued	0
2005 Stock Plan [Member] | Restricted Stock [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock grants issued	0
2005 Stock Plan [Member] | Employee Stock Option [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total vested and unvested shares	1,379
Fully vested shares	1,379
2014 Stock Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Aggregate shares issuable	275,625	275,625
Options issued, net of forfeited and expired options	(96,047)
Cancelled due to Plan expiration	0
Remaining available for grant	164,043
Total vested and unvested shares	15,535
Fully vested shares	11,535
2014 Stock Plan [Member] | Unrestricted Stock [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock grants issued	(11,535)
2014 Stock Plan [Member] | Restricted Stock [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock grants issued	(4,000)
2014 Stock Plan [Member] | Employee Stock Option [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total vested and unvested shares	79,404
Fully vested shares	13,171
Minimum [Member] | 2005 Stock Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Exercise price range	$ 13.69
Minimum [Member] | 2014 Stock Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Exercise price range	27.39
Maximum [Member] | 2005 Stock Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Exercise price range	13.69
Maximum [Member] | 2014 Stock Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Exercise price range	$ 42.62

Stock Incentive Plans (Changes

Stock Incentive Plans (Changes in the Stock Options Outstanding) (Details) - Employee Stock Option [Member] - USD ($) $ / shares in Units, $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Number of Options
Outstanding, at the beginning	86,594
Issued	12,420	65,887
Exercised	(5,976)
Expired	(12,255)
Outstanding, at the end	80,783	86,594
Options Exercisable	14,550
Weighted Average Exercise Price
Outstanding, at the beginning	$ 36.21
Issued	37.21
Exercised	(17.04)
Expired	(16.56)
Outstanding, at the end	40.76	$ 36.21
Exercisable	$ 39.52
Aggregate Intrinsic Value
Outstanding, Aggregate Intrinsic Value	$ 51
Exercisable	$ 33

Stock Incentive Plans (Options

Stock Incentive Plans (Options and Restricted stock - Narrative) (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2019USD ($)
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]
Intrinsic value of options exercised	$ 120

Stock Incentive Plans (Summar_2

Stock Incentive Plans (Summary Information Pertaining to Options Outstanding) (Details) - $ / shares	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Share-based Payment Arrangement, Option, Exercise Price Range [Line Items]
Expected volatility	16.86%	15.49%
Expected dividends	3.18%	1.81%
Expected term (in years)	6 years 6 months	6 years 6 months
Risk-free rate	1.56%	2.85%
Options Outstanding	80,783
Weighted-Average Remaining Contractual Life	8 years 6 months
Weighted Average Exercise Price	$ 40.76
Options Exercisable	14,550
Weighted-Average Exercise Price	$ 39.52
$13.69 to 20.00 [Member]
Share-based Payment Arrangement, Option, Exercise Price Range [Line Items]
Exercise Price, Minimum	13.69
Exercise Price, Maximum	$ 20
Options Outstanding	1,379
Weighted-Average Remaining Contractual Life	3 years 1 month 6 days
Weighted Average Exercise Price	$ 13.69
Options Exercisable	1,379
Weighted-Average Exercise Price	$ 13.69
$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	1,103
Weighted-Average Remaining Contractual Life	7 years 2 months 12 days
Weighted Average Exercise Price	$ 27.39
$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	20,820
Weighted-Average Remaining Contractual Life	9 years 2 months 12 days
Weighted Average Exercise Price	$ 38.14
Options Exercisable	1,680
Weighted-Average Exercise Price	$ 39.52
$40.01 to 42.62 [Member]
Share-based Payment Arrangement, Option, Exercise Price Range [Line Items]
Exercise Price, Minimum	40.01
Exercise Price, Maximum	$ 42.62
Options Outstanding	57,481
Weighted-Average Remaining Contractual Life	8 years 4 months 24 days
Weighted Average Exercise Price	$ 42.62
Options Exercisable	11,491
Weighted-Average Exercise Price	$ 42.62

Stock Incentive Plans (Change_2

Stock Incentive Plans (Changes in the Unrestricted and Restricted Stock Outstanding) (Details) - Unrestricted Stock [Member] - USD ($) $ / shares in Units, $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Number of Shares/Options
Non-vested Outstanding, at the beginning	0
Issued	15,535	0
Vested	(11,535)
Non-vested Outstanding, at the end	4,000	0
Weighted Average Grant Date Fair Value Per Share/Exercise Price
Issued	$ 36.63
Vested	36.85
Non-vested Outstanding, at the end	$ 36
Aggregate Intrinsic Value
Issued	$ 586
Vested	(435)
Non-vested Outstanding, Aggregate Intrinsic Value	$ 151

Net Income Per Share (Narrative

Net Income Per Share (Narrative) (Details) - $ / shares	Jul. 05, 2019	Jun. 13, 2019	Apr. 13, 2018	Mar. 16, 2018	Dec. 31, 2019	Dec. 31, 2018
Earnings Per Share [Line Items]
Dividends payable date declared		Jun. 13, 2019		Mar. 16, 2018
Common stock dividends percentage	5.00%	5.00%	5.00%	5.00%	5.00%
Common stock dividend declared per share		$ 0.05		$ 0.05
Dividends payable date to be paid		Jul. 5, 2019		Apr. 13, 2018
Dividends payable date of record		Jun. 26, 2019		Apr. 3, 2018
Common stock, nonvested shares issued					4,000
Equity Option [Member]
Earnings Per Share [Line Items]
Securities considered to be anti-dilutive and excluded from earnings per share calculation					78,301	62,750
Restricted Stock [Member]
Earnings Per Share [Line Items]
Common stock, nonvested shares issued					4,000	0

Net Income Per Share (Schedule

Net Income Per Share (Schedule of Weighted Average Number of Shares) (Details) - USD ($) $ / shares in Units, $ in Thousands		12 Months Ended
		Dec. 31, 2019	Dec. 31, 2018
Basic net income per share
Net Income		$ 6,689	$ 8,470
Weighted Average Shares		2,686,866	2,666,902
Per Share Amount	[1]	$ 2.49	$ 3.18
Effect of dilutive stock options		3,111	18,977
Effect of dilutive stock options, Per Share Amount			$ (0.03)
Diluted net income per share
Net Income		$ 6,689	$ 8,470
Weighted Average Shares		2,689,977	2,685,879
Per Share Amount	[1]	$ 2.49	$ 3.15
[1]	Per share data has been adjusted to reflect the 5% stock dividends effective July 5, 2019 and April 13, 2018.

Other Comprehensive Income (Sch

Other Comprehensive Income (Schedule of Amounts Reclassified Out of Accumulated Other Comprehensive Income (Loss)) (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2019USD ($)
Available-for-sale securities:
Realized gains on sales and calls of securities	$ 74
Tax effect	(16)
Realized gains, net of tax	$ 58

Segment Reporting (Narrative) (

Segment Reporting (Narrative) (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2019USD ($)item	Dec. 31, 2018USD ($)item
Segment Reporting Information [Line Items]
Number of reportable segments | item	4	2
Non-bank Segments [Member]
Segment Reporting Information [Line Items]
Management fees | $	$ 100	$ 100

Segment Reporting (Schedule of

Segment Reporting (Schedule of Segment Reporting Information) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Segment Reporting Information [Line Items]
Net interest income	$ 21,924	$ 22,896
Provision for loan losses	1,375	1,873
Noninterest income	5,551	5,530
Noninterest expense	17,884	16,014
Income before income taxes	8,216	10,539
Provision for income taxes	1,527	2,069
Net income	6,689	8,470
Bank [Member]
Segment Reporting Information [Line Items]
Net interest income	21,924	22,823
Provision for loan losses	1,375	1,873
Noninterest income	3,231	2,715
Noninterest expense	15,427	13,876
Income before income taxes	8,353	9,789
Provision for income taxes	1,555	1,911
Net income	6,798	7,878
Sturman Wealth Advisors [Member]
Segment Reporting Information [Line Items]
Noninterest income	605
Noninterest expense	591
Income before income taxes	14
Provision for income taxes	3
Net income	11
VNB Trust & Estate Services [Member]
Segment Reporting Information [Line Items]
Noninterest income	1,284
Noninterest expense	1,170
Income before income taxes	114
Provision for income taxes	24
Net income	90
Masonry Capital [Member]
Segment Reporting Information [Line Items]
Noninterest income	431
Noninterest expense	696
Income before income taxes	(265)
Provision for income taxes	(55)
Net income	$ (210)
VNB Wealth [Member]
Segment Reporting Information [Line Items]
Net interest income		73
Noninterest income		2,815
Noninterest expense		2,138
Income before income taxes		750
Provision for income taxes		158
Net income		$ 592

Condensed Parent Company Fina_3

Condensed Parent Company Financial Statements (Narrative) (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Condensed Financial Information Of Parent Company Only Disclosure [Abstract]
Cash dividend paid	$ 3.4	$ 2.3

Condensed Parent Company Fina_4

Condensed Parent Company Financial Statements (Balance Sheet) (Details) - USD ($) $ in Thousands	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
ASSETS
Cash and due from banks	$ 14,908	$ 11,741
Investment securities	115,724	63,075
Other assets	9,157	5,871
Total assets	702,627	644,800
LIABILITIES & SHAREHOLDERS' EQUITY
Stockholders' equity	76,107	70,742	$ 65,105
Total liabilities and shareholders' equity	702,627	644,800
Parent Company [Member]
ASSETS
Cash and due from banks	1,256	1,146
Investment securities	65	65
Investments in subsidiaries	75,365	70,142
Other assets	262	182
Total assets	76,948	71,535
LIABILITIES & SHAREHOLDERS' EQUITY
Other liabilities	841	793
Stockholders' equity	76,107	70,742
Total liabilities and shareholders' equity	$ 76,948	$ 71,535

Condensed Parent Company Fina_5

Condensed Parent Company Financial Statements (Statement of Income) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Condensed Income Statements Captions [Line Items]
Noninterest expense	$ 17,884	$ 16,014
Income before income taxes	8,216	10,539
Income tax (benefit)	1,527	2,069
Net income	6,689	8,470
Parent Company [Member]
Condensed Income Statements Captions [Line Items]
Dividends from subsidiary	3,400	2,250
Noninterest expense	842	429
Income before income taxes	2,558	1,821
Income tax (benefit)	(162)	(79)
Income before equity in undistributed earnings of subsidiaries	2,720	1,900
Equity in undistributed earnings of subsidiaries	3,969	6,570
Net income	$ 6,689	$ 8,470

Condensed Parent Company Fina_6

Condensed Parent Company Financial Statements (Statement of Cash Flow) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
CASH FLOWS FROM OPERATING ACTIVITIES
Net income	$ 6,689	$ 8,470
Adjustments to reconcile net income to net cash provided by operating activities:
Deferred tax expense	91	(234)
Stock option & stock grant expense	97	65
Net cash provided by operating activities	9,346	11,757
CASH FLOWS FROM INVESTING ACTIVITIES:
Net cash used in investing activities	(54,766)	(4,441)
CASH FLOWS FROM FINANCING ACTIVITIES:
Proceeds from stock options exercised	102	268
Cash payment for stock dividend fractional shares	(5)
Dividends paid	(3,144)	(2,466)
Net cash provided by (used in) financing activities	45,631	(6,719)
NET INCREASE IN CASH AND CASH EQUIVALENTS	211	597
CASH AND CASH EQUIVALENTS
Beginning of period	18,874	18,277
End of period	19,085	18,874
Parent Company [Member]
CASH FLOWS FROM OPERATING ACTIVITIES
Net income	6,689	8,470
Adjustments to reconcile net income to net cash provided by operating activities:
Equity in undistributed earnings of subsidiaries	(3,969)	(6,570)
Deferred tax expense	(16)	4
Stock option & stock grant expense	534	65
Decrease (increase) in other assets	(64)	144
Increase (decrease) in other liabilities	3	(5)
Net cash provided by operating activities	3,177	2,108
CASH FLOWS FROM INVESTING ACTIVITIES:
Capital contribution to subsidiary	(20)
Net cash used in investing activities	(20)
CASH FLOWS FROM FINANCING ACTIVITIES:
Proceeds from stock options exercised	102	268
Cash payment for stock dividend fractional shares	(5)
Dividends paid	(3,144)	(2,466)
Net cash provided by (used in) financing activities	(3,047)	(2,198)
NET INCREASE IN CASH AND CASH EQUIVALENTS	110	(90)
CASH AND CASH EQUIVALENTS
Beginning of period	1,146	1,236
End of period	$ 1,256	$ 1,146