Virginia National Bankshares (VABK) 10-Q 10 Aug 20 2020 Q2 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	6 Months Ended
	Jun. 30, 2020	Aug. 06, 2020
Cover [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Jun. 30, 2020
Entity Registrant Name	VIRGINIA NATIONAL BANKSHARES CORP
Entity Central Index Key	0001572334
Current Fiscal Year End Date	--12-31
Document Fiscal Year Focus	2020
Document Fiscal Period Focus	Q2
Entity Filer Category	Accelerated Filer
Entity Small Business	true
Entity Emerging Growth Company	false
Entity Common Stock, Shares Outstanding		2,714,273
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
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 Quarterly Report	true
Document Transition Report	false
Entity Bankruptcy Proceedings, Reporting Current	true
Title of 12(b) Security	Common Stock
Trading Symbol	VABK

CONSOLIDATED BALANCE SHEETS

CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Jun. 30, 2020	Dec. 31, 2019
ASSETS
Cash and due from banks	$ 10,116	$ 14,908
Federal funds sold	24,771	4,177
Securities:
Available for sale, at fair value	102,772	114,041
Restricted securities, at cost	1,736	1,683
Total securities	104,508	115,724
Loans	632,394	539,533
Allowance for loan losses	(4,917)	(4,209)
Loans, net	627,477	535,324
Premises and equipment, net	5,669	6,145
Bank owned life insurance	16,628	16,412
Goodwill	372	372
Other intangible assets, net	374	408
Accrued interest receivable and other assets	9,669	9,157
Total assets	799,584	702,627
Demand deposits:
Noninterest-bearing	197,227	166,975
Interest-bearing	136,274	122,994
Money market and savings deposit accounts	284,101	221,964
Certificates of deposit and other time deposits	96,599	109,278
Total deposits	714,201	621,211
Accrued interest payable and other liabilities	6,291	5,309
Total liabilities	720,492	626,520
Commitments and contingent liabilities
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; 2,714,273 (including 26,268 nonvested shares), and 2,692,005 (including 4,000 nonvested shares) issued and outstanding at June 30, 2020 and December 31, 2019, respectively	6,720	6,720
Capital surplus	32,307	32,195
Retained earnings	39,102	37,235
Accumulated other comprehensive income (loss)	963	(43)
Total shareholders' equity	79,092	76,107
Total liabilities and shareholders' equity	$ 799,584	$ 702,627

CONSOLIDATED BALANCE SHEETS (Pa

CONSOLIDATED BALANCE SHEETS (Parenthetical) - $ / shares	Jun. 30, 2020	Dec. 31, 2019
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	2,714,273	2,692,005
Common stock, nonvested shares issued	26,268	4,000
Common stock, shares outstanding	2,714,273	2,692,005

CONSOLIDATED STATEMENTS OF INCO

CONSOLIDATED STATEMENTS OF INCOME (Unaudited) - USD ($) $ in Thousands		3 Months Ended		6 Months Ended
		Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Interest and dividend income:
Loans, including fees		$ 6,156	$ 6,105	$ 12,027	$ 12,202
Federal funds sold		10	74	95	93
Investment securities:
Taxable		229	246	738	498
Tax exempt		92	76	167	157
Dividends		24	31	48	57
Total interest and dividend income		6,511	6,532	13,075	13,007
Interest expense:
Demand and savings deposits		390	463	1,085	844
Certificates and other time deposits		366	586	860	1,045
Repurchase agreements and other borrowings			22		89
Total interest expense		756	1,071	1,945	1,978
Net interest income		5,755	5,461	11,130	11,029
Provision for (recovery of) loan losses		378	(64)	1,143	620
Net interest income after provision for (recovery of) loan losses		5,377	5,525	9,987	10,409
Noninterest income:
Trust income		228	402	538	749
Advisory and brokerage income		163	156	341	292
Royalty income		24	4	71	8
Deposit account fees		143	192	322	373
Debit/credit card and ATM fees		134	189	291	346
Earnings/increase in value of bank owned life insurance		109	466	216	576
Fees on mortgage sales		30	56	77	86
Gains on sales of securities		590	64	643	64
Loan swap fee income		124	38	633	46
Other		81	133	163	219
Total noninterest income		1,626	1,700	3,295	2,759
Noninterest expense:
Salaries and employee benefits		2,258	2,321	4,682	4,667
Net occupancy		452	444	904	923
Equipment		136	114	267	231
Data processing		338	330	666	646
Other		1,220	1,476	2,428	2,629
Total noninterest expense		4,404	4,685	8,947	9,096
Income before income taxes		2,599	2,540	4,335	4,072
Provision for income taxes		511	425	843	711
Net income		$ 2,088	$ 2,115	$ 3,492	$ 3,361
Net income per common share, basic	[1]	$ 0.77	$ 0.79	$ 1.29	$ 1.25
Net income per common share, diluted	[1]	$ 0.77	$ 0.79	$ 1.29	$ 1.25
Weighted average common shares outstanding, basic	[1]	2,710,019	2,688,005	2,701,411	2,683,122
Weighted average common shares outstanding, diluted	[1]	2,711,017	2,688,965	2,702,311	2,687,391
[1]	Share data has been retroactively adjusted to reflect the 5% stock dividend effective July 5, 2019.

CONSOLIDATED STATEMENTS OF COMP

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (Unaudited) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Statement Of Income And Comprehensive Income [Abstract]
Net income	$ 2,088	$ 2,115	$ 3,492	$ 3,361
Other comprehensive income
Unrealized gain on securities, net of tax of $512 and $403 for the three and six months ended June 30, 2020; and net of tax of $141 and $342 for the three and six months ended June 30, 2019	1,920	537	1,514	1,291
Reclassification adjustment for realized gains on sales of securities, net of tax of ($124) and ($135) for the three and six months ended June 30, 2020; and net of tax of ($13) and ($13) for the three and six months ended June 30, 2019	466	51	508	51
Total other comprehensive income	1,454	486	1,006	1,240
Total comprehensive income	$ 3,542	$ 2,601	$ 4,498	$ 4,601

CONSOLIDATED STATEMENTS OF CO_2

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (Parenthetical) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Statement Of Income And Comprehensive Income [Abstract]
Change in unrealized gain on available-for-sale securities, tax	$ 512	$ 141	$ 403	$ 342
Reclassification adjustment, tax	$ (124)	$ (13)	$ (135)	$ (13)

CONSOLIDATED STATEMENTS OF CHAN

CONSOLIDATED STATEMENTS OF CHANGES IN SHAREHOLDERS' EQUITY (Unaudited) - USD ($) $ in Thousands		Total	Common Stock [Member]	Capital Surplus [Member]	Retained Earnings [Member]	Accumulated Other Comprehensive Income (Loss) [Member]
Balance at Dec. 31, 2018		$ 70,742	$ 6,359	$ 27,013	$ 38,647	$ (1,277)
Stock options exercised		102	14	88
Stock option expense		24		24
Unrestricted stock grants		424	27	397
Cash dividends declared		(767)			(767)
Net income		1,246			1,246
Other comprehensive income (loss)		754				754
Balance at Mar. 31, 2019		72,525	6,400	27,522	39,126	(523)
Balance at Dec. 31, 2018		70,742	6,359	27,013	38,647	(1,277)
Net income		3,361
Other comprehensive income (loss)		1,240
Balance at Jun. 30, 2019		74,343	6,720	32,138	35,522	(37)
Balance at Mar. 31, 2019		72,525	6,400	27,522	39,126	(523)
Stock option expense		23		23
Stock dividend distributable	[1]		320	4,593	(4,913)
Cash dividends declared		(806)			(806)
Net income		2,115			2,115
Other comprehensive income (loss)		486				486
Balance at Jun. 30, 2019		74,343	6,720	32,138	35,522	(37)
Balance at Dec. 31, 2019		76,107	6,720	32,195	37,235	(43)
Stock option expense		24		24
Restricted stock grant expense		15		15
Cash dividends declared		(811)			(811)
Net income		1,404			1,404
Other comprehensive income (loss)		(448)				(448)
Balance at Mar. 31, 2020		76,291	6,720	32,234	37,828	(491)
Balance at Dec. 31, 2019		76,107	6,720	32,195	37,235	(43)
Net income		3,492
Other comprehensive income (loss)		1,006
Balance at Jun. 30, 2020		79,092	6,720	32,307	39,102	963
Balance at Mar. 31, 2020		76,291	6,720	32,234	37,828	(491)
Stock option expense		34		34
Restricted stock grant expense		39		39
Cash dividends declared		(814)			(814)
Net income		2,088			2,088
Other comprehensive income (loss)		1,454				1,454
Balance at Jun. 30, 2020		$ 79,092	$ 6,720	$ 32,307	$ 39,102	$ 963
[1]	Common stock and capital surplus as of June 30, 2019 includes the 5% stock dividend distributable effective July 5, 2019.

CONSOLIDATED STATEMENTS OF CH_2

CONSOLIDATED STATEMENTS OF CHANGES IN SHAREHOLDERS' EQUITY (Parenthetical) - $ / shares	3 Months Ended
	Jun. 30, 2020	Mar. 31, 2020	Jun. 30, 2019	Mar. 31, 2019
Cash dividend declared, per share	$ 0.30	$ 0.30	$ 0.30	$ 0.30
Common Stock [Member]
Stock dividend percentage			5.00%
Capital Surplus [Member]
Stock dividend percentage			5.00%

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019
CASH FLOWS FROM OPERATING ACTIVITIES:
Net income	$ 3,492	$ 3,361
Adjustments to reconcile net income to net cash provided by operating activities:
Provision for loan losses	1,143	620
Net amortization and accretion of securities	210	133
Net gains on sale of securities	(643)	(64)
Earnings on bank owned life insurance	(216)	(576)
Amortization of intangible assets	57	51
Depreciation and other amortization	915	881
Stock option expense	58	47
Stock grants, unrestricted		424
Stock grant expense, restricted	54
Net change in:
Accrued interest receivable and other assets	(430)	(397)
Accrued interest payable and other liabilities	292	64
Net cash provided by operating activities	4,932	4,544
CASH FLOWS FROM INVESTING ACTIVITIES:
Net increase in restricted investments	(53)	(1)
Purchases of available for sale securities	(62,259)	(6,946)
Proceeds from maturities, calls and principal payments of available for sale securities	29,161	2,547
Proceeds from sales of available for sale securities	46,075	10,443
Net decrease (increase) in organic loans	(103,984)	14,168
Net decrease in purchased loans	10,688	565
Cash payment for wealth management book of business	(50)	(50)
Proceeds from settlement of bank owned life insurance		1,176
Purchase of bank premises and equipment	(80)	(84)
Net cash provided by (used in) investing activities	(80,502)	21,818
CASH FLOWS FROM FINANCING ACTIVITIES:
Net increase (decrease) in demand deposits, NOW accounts, and money market accounts	105,669	(32,476)
Net increase (decrease) in certificates of deposit and other time deposits	(12,679)	13,462
Proceeds from stock options exercised		102
Cash dividends paid	(1,618)	(1,530)
Net cash provided by (used in) financing activities	91,372	(20,442)
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS	15,802	5,920
CASH AND CASH EQUIVALENTS:
Beginning of period	19,085	18,874
End of period	34,887	24,794
SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION
Interest	2,032	1,904
Taxes	375	1,150
SUPPLEMENTAL SCHEDULE OF NONCASH INVESTING AND FINANCING ACTIVITIES
Unrealized gain on available for sale securities	$ 1,274	1,569
Initial right-of-use assets obtained in exchange for new operating lease liabilities		$ 4,279

Significant Accounting Policies

Significant Accounting Policies	6 Months Ended
	Jun. 30, 2020
Accounting Policies [Abstract]
Significant Accounting Policies	Note 1. Significant Accounting Policies Basis of Presentation The consolidated financial statements include the accounts of Virginia National Bankshares Corporation (the “Company”), and its subsidiaries Virginia National Bank (the “Bank”) and Masonry Capital Management, LLC (“Masonry Capital”), a registered investment advisor. Effective July 1, 2018, VNBTrust, National Association (“VNBTrust”), formerly a subsidiary of the Bank, was merged into Virginia National Bank, and the Bank continued to offer investment management, wealth advisory and trust and estate administration services under the name of VNB Wealth Management, also referred to herein as “VNB Wealth.” All references herein to VNB Wealth Management or VNB Wealth refer to VNBTrust for periods prior to July 1, 2018. In 2019, the services offered by VNB Wealth are provided by Masonry Capital or by the Bank under VNB Trust & Estate Services or Sturman Wealth Advisors, formerly known as VNB Investment Services. All significant intercompany balances and transactions have been eliminated in consolidation. The unaudited consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America (“GAAP”) for interim financial information. Accordingly, the unaudited consolidated financial statements do not include all of the information and footnotes required by GAAP for complete financial statements. In the opinion of management, all adjustments (consisting of normal recurring items) considered necessary for a fair presentation have been included. The preparation of financial statements in conformity with GAAP and the reporting guidelines prescribed by regulatory authorities requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. Material estimates that are particularly susceptible to significant change in the near term relate to the determination of the allowance for loan losses (including impaired loans), other-than-temporary impairment of securities, intangible assets, and fair value measurements. Operating results for the three and six months ended June 30, 2020 are not necessarily indicative of the results that may be expected for the year ending December 31, 2020. The statements should be read in conjunction with the Notes to Consolidated Financial Statements included in the Company’s Form 10-K for the year ended December 31, 2019. Adoption of New Accounting Guidance Interagency COVID-19 Guidance I n March 2020, various regulatory agencies, including the Office of the Comptroller of the Currency, the Board of Governors of the Federal Reserve System and the Federal Deposit Insurance Corporation, (“the agencies”) issued an interagency statement on loan modifications and reporting for financial institutions working with customers affected by COVID-19. The interagency statement was effective immediately and impacted accounting for loan modifications. Under Accounting Standards Codification 310-40, “Receivables – Troubled Debt Restructurings by Creditors,” (“ASC 310-40”), a restructuring of debt constitutes a troubled debt restructuring (“TDR”) if the creditor, for economic or legal reasons related to the debtor’s financial difficulties, grants a concession to the debtor that it would not otherwise consider. The agencies confirmed with the staff of the FASB that short-term modifications made on a good faith basis in response to COVID-19 to borrowers who were current prior to any relief, are not to be considered TDRs. This includes short-term (e.g., six months) modifications such as payment deferrals, fee waivers, extensions of repayment terms, or other delays in payment that are insignificant. Borrowers considered current are those that are less than 30 days past due on their contractual payments at the time a modification program is implemented. This interagency guidance may have a material impact on the Company’s financial statements; however, this impact cannot be quantified at this time. Recent Accounting Pronouncements Financial Instruments – Credit Losses In June 2016, the FASB issued ASU No. 2016-13, “Financial Instruments – Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments.” The amendments in this ASU, among other things, require the measurement of all expected credit losses for financial assets held at the reporting date based on historical experience, current conditions, and reasonable and supportable forecasts. Financial institutions and other organizations will now use forward-looking information to better inform their credit loss estimates. Many of the loss estimation techniques applied today will still be permitted, although the inputs to those techniques will change to reflect the full amount of expected credit losses. In addition, the ASU amends the accounting for credit losses on available-for-sale debt securities and purchased financial assets with credit deterioration. The FASB has issued multiple updates to ASU 2016-13 as codified in Topic 326, including ASU’s 2019-04, 2019-05, 2019-10, 2019-11, 2020-02, and 2020-03. These ASU’s have provided for various minor technical corrections and improvements to the codification as well as other transition matters. Smaller reporting companies who file with the U.S. Securities and Exchange Commission (SEC) and all other entities who do not file with the SEC are required to apply the guidance for fiscal years, and interim periods within those years, beginning after December 15, 202 2. The Company is currently assessing the impact that ASU 2016-13 will have on its consolidated financial statements . Early in 2017, the Company formed a cross-functional steering committee, including some members of senior management, to provide governance and guidance over the project plan. The steering committee meets regularly to address the compliance requirements, data requirements and sources , an d analysis efforts that are required to adopt these new requirements . In addition to attending seminars and webinars on this topic with regulators and other experts, the committee is working closely with the Company’s vendor to gather additional loan data which is anticipated to be needed for th is calculation and is attending training sessions on the software to be utilized to calculate the expected credit losses . 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. 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 does not expect the adoption of ASU 2019-12 to have a material impact on its consolidated financial statements. Investments – Equity Securities In January 2020, the FASB issued ASU 2020-01, “Investments – Equity Securities (Topic 321), Investments – Equity Method and Joint Ventures (Topic 323), and Derivatives and Hedging (Topic 815) – Clarifying the Interactions between Topic 321, Topic 323, and Topic 815.” The ASU is based on a consensus of the FASB’s Emerging Issues Task Force and is expected to increase comparability in accounting for these transactions. ASU 2016-01 made targeted improvements to accounting for financial instruments, including providing an entity the ability to measure certain equity securities without a readily determinable fair value at cost, less any impairment, plus or minus changes resulting from observable price changes in orderly transactions for the identical or a similar investment of the same issuer. Among other topics, the amendments clarify that an entity should consider observable transactions that require it to either apply or discontinue the equity method of accounting. For public business entities, the amendments in the ASU are effective for fiscal years beginning after December 15, 2020, and interim periods within those fiscal years. Early adoption is permitted. The Company does not expect the adoption of ASU 2020-01 to have a material impact on its consolidated financial statements. LIBOR and Other Reference Rates In March 2020, the Financial Accounting Standards Board (FASB) issued ASU No. 2020-04 “Reference Rate Reform (Topic 848): Facilitation of the Effects of Reference Rate Reform on Financial Reporting.” These amendments provide temporary optional guidance to ease the potential burden in accounting for reference rate reform. The ASU provides optional expedients and exceptions for applying generally accepted accounting principles to contract modifications and hedging relationships, subject to meeting certain criteria, that reference the London Inter-bank Offered Rate (“LIBOR”) or another reference rate expected to be discontinued. It is intended to help stakeholders during the global market-wide reference rate transition period. The guidance is effective for all entities as of March 12, 2020 through December 31, 2022. To facilitate an orderly transition from LIBOR, Inter-bank Offered Rate (“IBOR”) and other benchmark rates to alternative reference rates (“ARRs”), the Company has established a focus committee, which includes members of senior management, including the Chief Credit Officer and Chief Financial Officer, among others. The task of this committee is to identify, assess and monitor risk associated with the expected discontinuation or unavailability of benchmarks, including LIBOR, achieve operations readiness and engage impacted clients in connection with the transition to ARRs. The Company is assessing ASU 2020-04 and its impact on the Company’s transition away from LIBOR for its loan and other financial instruments. SEC Filing Requirements On March 12, 2020, the SEC finalized amendments to the definitions of its “accelerated filer” and “large accelerated filer” definitions. The amendments increase the threshold criteria for meeting these filer classifications and are effective on April 27, 2020. Any changes in filer status are to be applied beginning with the filer’s first annual report filed with the SEC subsequent to the effective date. Prior to these changes, the Company was required to comply with section 404(b) of the Sarbanes Oxley Act concerning auditor attestation over internal control over financial reporting as an “accelerated filer” as it had more than $75 million in public float but less than $700 million at the end of the Company’s most recent second quarter. The rule change expands the definition of “smaller reporting companies” to include entities with public float of less than $700 million and less than $ 100 million in annual revenues. The Company expects to meet this expanded category of small er reporting company and will no longer be c onsidered an accelerated filer . If the Company’s annual revenues exceed $100 million, its category will chan ge back to “accelerated filer”. The classifications of “accelerated filer” and “large accelerated filer” require a public company to obtain an auditor attestation concerning the effectiveness of internal control over financial reporting (ICFR) and include the opinion on ICFR in its annual report on Form 10-K. Smaller reporting companies also have additional time to file quarterly and annual financial statements. All public companies are required to obtain and file annual financial statement audits, as well as provide management’s assertion on effectiveness of internal control over financial reporting, but the external auditor attestation of internal control over financial reporting is not required f or smaller reporting companies . As the Bank ’s total assets exceed $ 500 m illion, it remains subject to FDICIA ’s internal reporting requirements, but does not require an auditor attestation concerning internal controls over financial reporting. As such, professional and consulting expenditures should decline by an immaterial amount.

Securities

Securities	6 Months Ended
	Jun. 30, 2020
Investments Debt And Equity Securities [Abstract]
Securities	Note 2. Securities The amortized cost and fair values of securities available for sale as of June 30, 2020 and December 31, 2019 were as follows (dollars in thousands): June 30, 2020 Amortized Gross Unrealized Gross Unrealized Fair Cost Gains (Losses) Value U.S. Government agencies $ 9,003 $ 40 $ (6 ) $ 9,037 Mortgage-backed securities/CMOs 57,842 762 (202 ) 58,402 Municipal bonds 34,707 773 (147 ) 35,333 Total Securities Available for Sale $ 101,552 $ 1,575 $ (355 ) $ 102,772 December 31, 2019 Amortized Gross Unrealized Gross Unrealized Fair Cost Gains (Losses) Value 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 As of June 30, 2020, there were $42.2 million, or 29 issues of individual securities, held in an unrealized loss position. These securities have an unrealized loss of $355 thousand and consisted of 12 mortgage-backed/CMOs, 15 municipal bonds, and 2 agency bonds. The following table summarizes all securities with unrealized losses, segregated by length of time in a continuous unrealized loss position, at June 30, 2020, and December 31, 2019 (dollars in thousands): June 30, 2020 Less than 12 Months 12 Months or more Total Unrealized Unrealized Unrealized Fair Value Losses Fair Value Losses Fair Value Losses U.S. Government agencies $ 2,994 $ (6 ) $ — $ — $ 2,994 $ (6 ) Mortgage-backed/CMOs 25,205 (202 ) — — 25,205 (202 ) Municipal bonds 13,958 (147 ) — — 13,958 (147 ) $ 42,157 $ (355 ) $ — $ — $ 42,157 $ (355 ) December 31, 2019 Less than 12 Months 12 Months or more Total Unrealized Unrealized Unrealized Fair Value Losses Fair Value Losses Fair Value Losses U.S. Government agencies $ 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 ) The Company’s securities portfolio is primarily made up of fixed rate bonds, the prices of which move inversely with interest rates. Any unrealized losses are considered by management to be driven by increases in market interest rates over the yields available at the time the underlying securities were purchased. The fair value is expected to recover as the bonds approach their maturity date or repricing date or if market yields for such investments decline. At the end of any accounting period, the portfolio may have both unrealized gains and losses. Management does not believe any of the securities in an unrealized loss position are impaired due to credit quality. Accordingly, as of June 30, 2020, management believes the impairments detailed in the table above are temporary, and no impairment loss has been realized in the Company’s consolidated income statement. An “other-than-temporary impairment” (“OTTI”) is considered to exist if either of the following conditions are met: it is more likely than not that the Company will be required to sell the security before recovery of its amortized cost basis, or the Company does not expect to recover the security’s entire amortized cost basis (even if the Company does not intend to sell). In the event that a security would suffer impairment for a reason that was “other than temporary,” the Company would be expected to write down the security’s value to its new fair value, and the amount of the write down would be included in earnings as a realized loss. As of June 30, 2020, management has concluded that none of its investment securities have an OTTI based upon the information available. Additionally, management has the ability to hold any security with an unrealized loss until maturity or until such time as the value of the security has recovered from its unrealized loss position. Securities having carrying values of $4.0 million at June 30, 2020 were pledged as collateral to secure public deposits and facilitate borrowing from the Federal Reserve Bank of Richmond (“FRB”). At December 31, 2019, securities having carrying values of $5.0 million were similarly pledged. For the six months ended June 30, 2020, proceeds from the sales of securities amounted to $46.1 million, with gross realized gains of $655 thousand and gross realized losses of $12 thousand, for a net realized gain of $643 thousand. For the six months ended June 30, 2019, proceeds from the sales of securities amounted to $10.4 million, with gross realized gains of $93 thousand and gross realized losses of $29 thousand, for a net realized gain of $64 thousand. Restricted securities are securities with limited marketability and consist of stock in the FRB, the Federal Home Loan Bank of Atlanta (“FHLB”), and CBB Financial Corporation (“CBBFC”), the holding company for Community Bankers Bank. These restricted securities, totaling $1.7 million as of both June 30, 2020 and December 31, 2019 are carried at cost.

Loans

Loans	6 Months Ended
	Jun. 30, 2020
Loans And Leases Receivable Disclosure [Abstract]
Loans	Note 3. Loans The composition of the loan portfolio by loan classification at June 30, 2020 and December 31, 2019 appears below (dollars in thousands). June 30, December 31, 2020 2019 Commercial Commercial and industrial - organic $ 37,459 $ 38,843 Commercial and industrial - Paycheck Protection Program 84,244 — Commercial and industrial - government guaranteed 33,959 35,347 Commercial and industrial - syndicated 6,374 6,398 Total commercial and industrial 162,036 80,588 Real estate construction and land Residential construction 3,208 2,197 Commercial construction 16,010 6,880 Land and land development 7,282 8,063 Total construction and land 26,500 17,140 Real estate mortgages 1-4 family residential, first lien, investment 55,180 44,099 1-4 family residential, first lien, owner occupied 16,766 20,671 1-4 family residential, junior lien 2,254 2,520 1-4 family residential - purchased 27,050 33,428 Home equity lines of credit, first lien 9,862 10,268 Home equity lines of credit, junior lien 9,990 9,671 Farm 7,949 8,808 Multifamily 32,330 27,093 Commercial owner occupied 97,267 96,117 Commercial non-owner occupied 121,823 118,561 Total real estate mortgage 380,471 371,236 Consumer Consumer revolving credit 18,435 20,081 Consumer all other credit 4,209 5,741 Student loans purchased 40,743 44,747 Total consumer 63,387 70,569 Total loans 632,394 539,533 Less: Allowance for loan losses (4,917 ) (4,209 ) Net loans $ 627,477 $ 535,324 During the second quarter of 2020, the Bank originated $86.9 million of Small Business Administration (SBA) Paycheck Protection Program (PPP) loans, which were designed to provide economic relief to small businesses adversely impacted by COVID-19. The balances in the table above include unamortized premiums and net deferred loan costs (fees). As of June 30, 2020 and December 31, 2019, unamortized premiums on loans purchased were $2.2 million and $2.5 million, respectively. Net deferred loan costs (fees) totaled $(2.5) million and $100 thousand as of June 30, 2020 and December 31, 2019. The deferred fees increased $2.6 million due to the fees collected from the SBA for the PPP loans which are being amortized over the contractual life of the underlying loans, most of which are over a 24-month period. Accounting guidance requires certain disclosures about investments in impaired loans, the allowance for loan losses and interest income recognized on impaired loans. A loan is considered impaired when it is probable that the Company will be unable to collect all principal and interest amounts when due according to the contractual terms of the loan agreement. Factors involved in determining impairment include, but are not limited to, expected future cash flows, financial condition of the borrower, and current economic conditions. Following is a breakdown by class of the loans classified as impaired loans as of June 30, 2020 and December 31, 2019. These loans are reported at their recorded investment, which is the carrying amount of the loan as reflected on the Company’s balance sheet, net of charge-offs and other amounts applied to reduce the net book balance. Average recorded investment in impaired loans is computed using an average of month-end balances for these loans for either the six months ended June 30, 2020 or the twelve months ended December 31, 2019. Interest income recognized is for the six months ended June 30, 2020 or the twelve months ended December 31, 2019. June 30, 2020 Recorded Investment Unpaid Principal Balance Associated Allowance Average Recorded Investment Interest Income Recognized Impaired loans without a valuation allowance: Land and land development $ 11 $ 57 $ - $ 185 $ - 1-4 family residential mortgages, junior lien 113 113 - 115 3 Commercial non-owner occupied real estate 854 854 - 865 23 Total impaired loans without a valuation allowance 978 1,024 - 1,165 26 Impaired loans with a valuation allowance Student loans purchased 1,090 1,090 7 1,110 37 Total impaired loans with a valuation allowance 1,090 1,090 7 1,110 37 Total impaired loans $ 2,068 $ 2,114 $ 7 $ 2,275 $ 63 December 31, 2019 Recorded Investment Unpaid Principal Balance Associated Allowance Average Recorded Investment Interest Income Recognized 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 and industrial - organic 20 20 - 3 1 Commercial non-owner occupied real estate 879 879 - 900 48 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 Included in the impaired loans above are non-accrual loans. Generally, loans are placed on non-accrual when a loan is specifically determined to be impaired or when principal or interest is delinquent for 90 days or more. Any unpaid interest previously accrued on those loans is reversed from income. Interest income generally is not recognized on specific impaired loans unless the likelihood of further loss is remote. Interest payments received on such loans are applied as a reduction of the loan principal balance. Interest income on other non-accrual loans is recognized only to the extent of interest payments received. The recorded investment in non-accrual loans is shown below by class (dollars in thousands): June 30, 2020 December 31, 2019 Land and land development $ 11 $ 279 Commercial and industrial - organic - 20 Total non-accrual loans $ 11 $ 299 Additionally, Troubled Debt Restructurings (“TDRs”) are considered impaired loans. TDRs occur when the Company agrees to modify the original terms of a loan by granting a concession that it would not otherwise consider due to the deterioration in the financial condition of the borrower. These concessions are done in an attempt to improve the paying capacity of the borrower, and in some cases to avoid foreclosure, and are made with the intent to restore the loan to a performing status once sufficient payment history can be demonstrated. These concessions could include reductions in the interest rate, payment extensions, forgiveness of principal, forbearance or other actions. In accordance with regulatory guidance, the Bank has approved for certain customers who have been adversely affected by COVID-19 to defer principal-only, or principal and interest, payments for a 90- to 180-day period. Such short-term modifications, which were made on a good faith basis in response to COVID-19 to borrowers who were current prior to any relief, are not to be considered TDRs. While interest will continue to accrue to income, in accordance with GAAP, if the Bank ultimately incurs a credit loss on these deferred payments, interest income would need to be reversed and therefore, interest income in future periods could be negatively impacted. A total of $56.8 million in loan deferments have been approved in total since the beginning of the pandemic, and as of June 30, 2020, $17.0 million, or 29.9%, of the total loan deferments approved have returned to normal payment schedules and are now current. Based on regulatory guidance on Student Lending, the Company has classified 72 of its student loans purchased as TDRs for a total of $1.1 million as of June 30, 2020. These borrowers that should have been in repayment have requested and been granted payment extensions or reductions exceeding the maximum lifetime allowable payment forbearance of twelve months (36 months lifetime allowance for military service), as permitted under the regulatory guidance, and are therefore considered restructurings. Student loan borrowers are allowed in-school deferments, plus an automatic six-month The following provides a summary, by class, of TDRs that continue to accrue interest under the terms of the restructuring agreement, which are considered to be performing, and TDRs that have been placed in non-accrual status, which are considered to be nonperforming (dollars in thousands). Troubled debt restructurings (TDRs) June 30, 2020 December 31, 2019 No. of Recorded No. of Recorded Loans Investment Loans Investment Performing TDRs 1-4 family residential mortgages, junior lien 1 $ 113 1 $ 117 Commercial non-owner occupied real estate 1 854 1 879 Student loans purchased 72 1,090 67 1,184 Total performing TDRs 74 $ 2,057 69 $ 2,180 Nonperforming TDRs Land and land development 1 $ 11 1 $ 13 Total nonperforming TDRs 1 $ 11 1 $ 13 Total TDRs 75 $ 2,068 70 $ 2,193 A summary of loans shown above that were modified under the terms of a TDR during the three and six months ended June 30, 2020 and 2019 is shown below by class (dollars in thousands). The Post-Modification Recorded Balance reflects the period end balances, inclusive of any interest capitalized to principal, partial principal paydowns, and principal charge-offs since the modification date. Loans modified as TDRs that were fully paid down, charged-off, or foreclosed upon by period end are not reported. For three months ended For three months ended June 30, 2020 June 30, 2019 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 6 $ 49 $ 49 10 $ 78 $ 78 Total loans modified during the period 6 $ 49 $ 49 10 $ 78 $ 78 For the six months ended For the six months ended June 30, 2020 June 30, 2019 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 11 $ 109 $ 109 12 $ 133 $ 133 Total loans modified during the period 11 $ 109 $ 109 12 $ 133 $ 133 During the six months ended June 30, 2020, there were two loans modified as TDRs that subsequently defaulted which had been modified as TDRs during the twelve months prior to default. These student loans had a balance of $7 thousand prior to being charged off. There were three loans modified as a TDR that subsequently defaulted during the year ended December 31, 2019 which had been modified as a TDR during the twelve months prior to default. These student loan had balances totaling $23 thousand prior to being charged off. There were no loans secured by 1-4 family residential property that were in the process of foreclosure at either June 30, 2020 or December 31, 2019.

Allowance for Loan Losses

Allowance for Loan Losses	6 Months Ended
	Jun. 30, 2020
Allowance For Loan Losses [Abstract]
Allowance for Loan Losses	Note 4. Allowance for Loan Losses The allowance for loan losses is maintained at a level which, in management’s judgment, is adequate to absorb probable credit losses inherent in the loan portfolio. The amount of the allowance is based on management’s quarterly evaluation of the collectability of the loan portfolio, credit concentrations, historical loss experience, specific impaired loans, and economic conditions. To determine the total allowance for loan losses, the Company estimates the reserves needed for each segment of the portfolio, including loans analyzed individually and loans analyzed on a pooled basis. Allowances for impaired loans are generally determined based on collateral values or the present value of estimated cash flows. For purposes of determining the allowance for loan losses, the Company has segmented certain loans in the portfolio by product type. Within these segments, the Company has sub-segmented its portfolio by classes within the segments, based on the associated risks within these classes. Loan Classes by Segments Commercial loan segment: Commercial and industrial - organic Commercial and industrial - Paycheck Protection Program (“PPP”) Commercial and industrial - government guaranteed 1 Commercial and industrial - syndicated Real estate construction and land loan segment: Residential construction Commercial construction Land and land development Real estate mortgage loan segment: 1-4 family residential, first lien, investment 1-4 family residential, first lien, owner occupied 1-4 family residential, junior lien Home equity lines of credit, first lien Home equity lines of credit, junior lien Farm Multifamily Commercial owner occupied Commercial non-owner occupied Consumer loan segment: Consumer revolving credit Consumer all other credit Student loans purchased Management utilizes a loss migration model for determining the quantitative risk assigned to unimpaired loans in order to capture historical loss information at the loan level, track loss migration through risk grade deterioration, and increase efficiencies related to performing the calculations. The quantitative risk factor for each loan class primarily utilizes a migration analysis loss method based on loss history for the prior twelve quarters. 1 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 PPP loans – These loans require no reserve as these are 100% guaranteed by the SBA. • Commercial and industrial government guaranteed loans - These purchased loans require no reserve as these are 100% guaranteed by either the Small Business Administration (“SBA”) or the United States Department of Agriculture (“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, external reviews of a portion of the credits are conducted on a semi-annual basis. Loans that trend upward on the risk ratings scale, toward more positive risk ratings, generally exhibit lower risk factor characteristics. Conversely, loans that migrate toward more negative ratings generally will result in a higher risk factor being applied to those related loan balances. Risk Ratings and Historical Loss Factor Assigned Excellent A 0% historical loss factor 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 evaluated on an individual basis. The following represents the loan portfolio designated by the internal risk ratings assigned to each credit as of June 30, 2020 and December 31, 2019 (dollars in thousands). There were no loans rated “Doubtful” as of either period. June 30, 2020 Excellent Good Pass Watch Special Mention Sub- standard TOTAL Commercial Commercial and industrial - organic $ 5,980 $ 16,733 $ 14,182 $ 224 $ — $ 340 $ 37,459 Commercial and industrial - Paycheck Protection Program 84,244 - - - - - 84,244 Commercial and industrial - government guaranteed 33,959 - - - - - 33,959 Commercial and industrial - syndicated - - 6,374 - - - 6,374 Real estate construction Residential construction - - 3,208 - - - 3,208 Commercial construction - - 16,010 - - - 16,010 Land and land development - - 7,059 200 - 23 7,282 Real estate mortgages 1-4 family residential, first lien investment - - 52,114 2,702 - 364 55,180 1-4 family residential, first lien, owner occupied - - 14,979 1,022 - 765 16,766 1-4 family residential, junior lien - - 1,805 31 15 403 2,254 1-4 family residential, first lien - purchased - - 27,050 - - - 27,050 Home equity lines of credit, first lien - - 9,862 - - - 9,862 Home equity lines of credit, junior lien - - 9,824 84 - 82 9,990 Farm - - 6,366 307 - 1,276 7,949 Multifamily - - 31,934 396 - - 32,330 Commercial owner occupied - - 86,895 5,533 - 4,839 97,267 Commercial non-owner occupied - - 119,431 1,510 - 882 121,823 Consumer Consumer revolving credit 839 17,433 160 - - 3 18,435 Consumer all other credit 400 3,340 468 - - 1 4,209 Student loans purchased - - 39,374 1,213 64 92 40,743 Total Loans $ 125,422 $ 37,506 $ 447,095 $ 13,222 $ 79 $ 9,070 $ 632,394 December 31, 2019 Excellent Good Pass Watch Special Mention Sub- standard TOTAL 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 In addition, the adequacy of the Company’s allowance for loan losses is evaluated through reference to eight qualitative factors, listed below and ranked in order of importance: 1) Changes in national and local economic conditions, including the condition of various market segments, which deteriorated in the first six months of 2020, 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,” as the Company has never experienced a loss within these categories. For each segment and class of loans, management must exercise significant judgment to determine the estimation method that fits the credit risk characteristics of its various segments. Although this evaluation is inherently subjective, qualified management utilizes its significant knowledge and experience related to both the Company’s market and the history of the Company’s loan losses. Impaired loans are individually evaluated and, if deemed appropriate, a specific allocation is made for these loans. In reviewing the loans classified as impaired loans totaling $2.1 million at June 30, 2020, specific valuation allowance was recognized after consideration was given for each borrowing as to the fair value of the collateral on the loan or the present value of expected future cash flows from the borrower. The $7 thousand in the allowance total shown below as individually evaluated for impairment was attributed to the impaired student loans that required an allowance as of June 30, 2020 due to the loss of the insurance on this portfolio as discussed previously. A summary of the transactions in the Allowance for Loan Losses by loan portfolio segment for the six months ended June 30, 2020 and the year ended December 31, 2019 appears below (dollars in thousands): Allowance for Loan Losses Rollforward by Portfolio Segment As of and for the period ended June 30, 2020 Commercial Loans Real Estate Construction and Land Real Estate Mortgages Consumer Loans Total Allowance for Loan Losses: Balance as of beginning of year $ 302 $ 109 $ 2,684 $ 1,114 $ 4,209 Charge-offs - - - (581 ) (581 ) Recoveries 19 - - 127 146 Provision for (recovery of) loan losses (59 ) 96 691 415 1,143 Ending Balance $ 262 $ 205 $ 3,375 $ 1,075 $ 4,917 Ending Balance: Individually evaluated for impairment $ - $ - $ - $ 7 $ 7 Collectively evaluated for impairment 262 205 3,375 1,068 4,910 Loans: Individually evaluated for impairment $ - $ 11 $ 967 $ 1,090 $ 2,068 Collectively evaluated for impairment 162,036 26,489 379,504 62,297 630,326 Ending Balance $ 162,036 $ 26,500 $ 380,471 $ 63,387 $ 632,394 As of and for the period ended December 31, 2019 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 previously mentioned, one of the major factors that the Company uses in evaluating the adequacy of its allowance for loan losses is changes in the volume of delinquent loans. Management monitors payment activity on a regular basis. For all classes of loans, the Company considers the entire balance of the loan to be contractually delinquent if the minimum payment is not received by the due date. Interest and fees continue to accrue on past due loans until they are placed in nonaccrual or cha r ged off. The following tables show the aging of past due loans as of June 30, 2020 and December 31, 2019. (Dollars below reported in thousands.) Past Due Aging as of June 30, 2020 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 Commercial loans Commercial and industrial - organic $ 45 $ 421 $ - $ 466 $ 36,993 $ 37,459 $ - Commercial and industrial - Paycheck Protection Program - - - - 84,244 84,244 - Commercial and industrial - government guaranteed - - 548 548 33,411 33,959 548 Commercial and industrial - syndicated - - - - 6,374 6,374 - Real estate construction and land Residential construction - - - - 3,208 3,208 - Commercial construction - - - - 16,010 16,010 - Land and land development - 12 - 12 7,270 7,282 - Real estate mortgages 1-4 family residential, first lien, investment - 681 - 681 54,499 55,180 - 1-4 family residential, first lien, owner occupied - - - - 16,766 16,766 - 1-4 family residential, junior lien - - - - 2,254 2,254 - 1-4 family residential - purchased - 384 437 821 26,229 27,050 437 Home equity lines of credit, first lien - - - - 9,862 9,862 - Home equity lines of credit, junior lien - - - - 9,990 9,990 - Farm - - - - 7,949 7,949 - Multifamily - - - - 32,330 32,330 - Commercial owner occupied - - - - 97,267 97,267 - Commercial non-owner occupied - - - - 121,823 121,823 - Consumer loans Consumer revolving credit - 20 - 20 18,415 18,435 - Consumer all other credit - - - - 4,209 4,209 - Student loans purchased 123 64 92 279 40,464 40,743 92 Total Loans $ 168 $ 1,582 $ 1,077 $ 2,827 $ 629,567 $ 632,394 $ 1,077 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 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 0 - - 0 118,561 118,561 - Consumer loans Consumer revolving credit 20 - - 20 20,061 20,081 - Consumer all other credit 43 0 - 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

Net Income Per Share

Net Income Per Share	6 Months Ended
	Jun. 30, 2020
Earnings Per Share [Abstract]
Net Income Per Share	Note 5. 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, referred to as the “5% Stock Dividend”. Shareholders received cash in lieu of any fractional shares that they otherwise would have been entitled to receive in connection with the stock dividend. The price paid for fractional shares was based on the volume-weighted average price of a share of common stock for the most recent three (3) days prior to the record date during which a trade of the Company’s stock occurred. For the following table, share and per share data have been adjusted to reflect the 5% Stock Dividend. The table shows the weighted average number of shares used in computing net income per common share and the effect on the weighted average number of shares of diluted potential common stock for the three and six months ended June 30, 2020 and 2019. Potential dilutive common stock equivalents have no effect on net income available to common shareholders. Unvested restricted stock as noted in the Consolidated Balance Sheets as of June 30, 2020 and December 31, 2019 is included in the calculation of basic and diluted net income per share. (Dollars below reported in thousands except per share data.) Three Months Ended June 30, 2020 June 30, 2019 Net Income Weighted Average Shares Per Share Amount Net Income Weighted Average Shares Per Share Amount Basic net income per share $ 2,088 2,710,019 $ 0.77 $ 2,115 2,688,005 $ 0.79 Effect of dilutive stock options - 998 - - 960 - Diluted net income per share $ 2,088 $ 2,711,017 $ 0.77 $ 2,115 $ 2,688,965 $ 0.79 Six Months Ended June 30, 2020 June 30, 2019 Net Income Weighted Average Shares Per Share Amount Net Income Weighted Average Shares Per Share Amount Basic net income per share $ 3,492 2,701,411 $ 1.29 $ 3,361 2,683,122 $ 1.25 Effect of dilutive stock options - 900 - - 4,269 - Diluted net income per share $ 3,492 $ 2,702,311 $ 1.29 $ 3,361 $ 2,687,391 $ 1.25 For the six months ended June 30, 2020, there were 104,301 option shares considered anti-dilutive and excluded from this calculation. For the six months ended June 30, 2019, there were 66,308 option shares, as adjusted, considered anti-dilutive and excluded from this calculation.

Stock Incentive Plans

Stock Incentive Plans	6 Months Ended
	Jun. 30, 2020
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]
Stock Incentive Plans	Note 6. Stock Incentive Plans At the Annual Shareholders Meeting on May 21, 2014, shareholders approved the Virginia National Bankshares Corporation 2014 Stock Incentive Plan (“2014 Plan”). The 2014 Plan makes available up to 275,625 shares of the Company’s common stock, as adjusted by the 5% Stock Dividend and prior stock dividends, to be issued to plan participants. The 2014 Plan provides for granting of both incentive and nonqualified stock options, as well as restricted stock and other stock based awards. No new grants will be issued under the 2005 Stock Incentive Plan (“2005 Plan”) as this plan has expired. For the 2014 Plan and the 2005 Plan (the “Plans”), the option price of incentive stock options will not be less than the fair value of the stock at the time an option is granted. Nonqualified stock options may be granted at prices established by the Board of Directors, including prices less than the fair value on the date of grant. Outstanding stock options generally expire ten years from the grant date. Stock options generally vest by the fourth or fifth anniversary of the date of the grant. A summary of the shares issued and available under each of the Plans is shown below as of June 30, 2020. Share data and exercise price range per share have been adjusted to reflect the 5% Stock Dividend and prior stock dividends. Although the 2005 Plan has expired and no new grants will be issued under this plan, there were options issued before the plan expired that 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 (59,870 ) (122,047 ) Unrestricted stock issued - (11,535 ) Restricted stock grants issued - (26,268 ) Cancelled due to Plan expiration (193,705 ) - Remaining available for grant - 115,775 Grants issued and outstanding: Total vested and unvested shares 1,379 105,404 Fully vested shares 1,379 13,722 Exercise price range $13.69 to $13.69 $26.00 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 include stock options and restricted stock. All stock-based payments to employees are required to be valued at a fair value on the date of grant and expensed based on that fair value over the applicable vesting period. Stock Options Changes in the stock options outstanding related to the Plans are summarized below. (Dollars in thousands except per share data): June 30, 2020 Number of Options Weighted Average Exercise Price Aggregate Intrinsic Value Outstanding at January 1, 2020 80,783 $ 40.76 Issued 26,000 26.00 Exercised — — Expired — — Outstanding at June 30, 2020 106,783 $ 37.17 $ 16 Options exercisable at June 30, 2020 28,356 $ 40.53 $ 16 For the six months ended June 30, 2020 and 2019, the Company recognized $58 thousand and $47 thousand, respectively, in compensation expense for stock options. As of June 30, 2020, there was $377 thousand in unrecognized compensation expense remaining to be recognized in future reporting periods through 2025. The fair value of any stock option grant is estimated at the grant date using the Black-Scholes pricing model. 26,000 stock option grants were issued during the six months ended June 30, 2020, and 420 stock option grants were issued during the six months ended June 30, 2019. No stock option grants were issued during the three months ended June 30, 2020 and 420 stock option grants were issued during the three months ended June 30, 2019. The fair value of each option granted in 2020 was estimated based on the assumptions noted in the following table: For the six months ended June 30, 2020 Expected volatility 1 24.33 % Expected dividends 2 4.75 % Expected term (in years) 3 6.50 Risk-free rate 4 0.72 % 1 Based on the monthly historical volatility of the Company’s stock price over the expected life of the options. 2 Calculated as the ratio of historical dividends paid per share of common stock to the stock price on the date of grant. 3 Based on the average of the contractual life and vesting period for the respective option. 4 Based upon an interpolated US Treasury yield curve interest rate that corresponds to the contractual life of the option, in effect at the time of the grant. Summary information pertaining to options outstanding at June 30, 2020 is shown below. Share and per share data have been adjusted to reflect the 5% Stock Dividend and prior stock dividends. 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 $10.65 to $20.00 1,379 2.6 Years $ 13.69 1,379 $ 13.69 $20.01 to $30.00 27,103 9.6 Years 26.06 551 27.39 $30.01 to $40.00 20,820 8.7 Years 38.14 3,444 39.44 $40.01 to $42.62 57,481 7.9 Years 42.62 22,982 42.62 Total 106,783 8.4 Years $ 37.17 28,356 $ 40.53 Stock Grants Unrestricted stock grants - No Restricted stock grants – In September 2019, 4,000 restricted shares were granted to certain members of executive management, vesting over a four-year four-year five-year four-year Changes in the restricted stock grants outstanding during the six months ended June 30, 2020 are summarized below. (Dollars in thousands except per share data): June 30, 2020 Number of Shares Weighted Average Grant Date Fair Value Per Share Aggregate Intrinsic Value Nonvested as of January 1, 2020 4,000 $ 36.00 $ 101 Issued 22,268 25.34 562 Vested — — Nonvested at June 30, 2020 26,268 $ 28.78 $ 663

Fair Value Measurements

Fair Value Measurements	6 Months Ended
	Jun. 30, 2020
Fair Value Disclosures [Abstract]
Fair Value Measurements	Note 7. Fair Value Measurements Determination of Fair Value The Company follows ASC 820, “Fair Value Measurements and Disclosures,” to record fair value adjustments to certain assets and liabilities and to determine fair value disclosures. This codification clarifies that the fair value of a financial instrument is the price that would be received to sell an asset or paid to transfer a liability (exit price) in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants at the measurement date. Fair value is best determined based upon quoted market prices. However, in many instances, there are no quoted market prices for the Company’s various financial instruments. In cases where quoted market prices are not available, fair values are based on estimates using present value or other valuation techniques. Those techniques are significantly affected by the assumptions used, including the discount rate and estimates of future cash flows. Accordingly, the fair value estimates may not be realized in an immediate settlement of the instrument. The fair value guidance provides a consistent definition of fair value, which focuses on exit price in the principal or most advantageous market for the asset or liability in an orderly transaction (that is, not a forced liquidation or distressed sale) between market participants at the measurement date under current market conditions. If there has been a significant decrease in the volume and level of activity for the asset or liability, a change in valuation technique or the use of multiple valuation techniques may be appropriate. In such instances, determining the price at which willing market participants would transact at the measurement date under current market conditions depends on the facts and circumstances and requires the use of significant judgment. The fair value is a reasonable point within the range that is most representative of fair value under current market conditions. Fair Value Hierarchy In accordance with this guidance, the Company groups its financial assets and financial liabilities generally measured at fair value in three levels, based on the markets in which the assets and liabilities are traded and the reliability of the assumptions used to determine fair value. Level 1 – Valuation is based on quoted prices in active markets for identical assets and liabilities. Level 2 – Valuation is based on observable inputs including quoted prices in active markets for similar assets and liabilities, quoted prices for identical or similar assets and liabilities in less active markets, and model-based valuation techniques for which significant assumptions can be derived primarily from or corroborated by observable data in the market. Level 3 – Valuation is based on model-based techniques that use one or more significant inputs or assumptions that are unobservable in the market The following describes the valuation techniques used by the Company to measure certain financial assets and liabilities recorded at fair value on a recurring basis in the consolidated financial statements: Securities available for sale Securities available for sale are recorded at fair value on a recurring basis. Fair value measurement is based upon quoted market prices, when available (Level 1). If quoted market prices are not available, fair values are measured utilizing independent valuation techniques of identical or similar securities for which significant assumptions are derived primarily from or corroborated by observable market data. Third party vendors compile prices from various sources and may determine the fair value of identical or similar securities by using pricing models that consider observable market data (Level 2). The following tables present the balances measured at fair value on a recurring basis as of June 30, 2020 and December 31, 2019 (dollars in thousands): Fair Value Measurements at June 30, 2020 Using: 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 $ 9,037 $ - $ 9,037 $ - Mortgage-backed securities/CMOs 58,402 - 58,402 - Municipal bonds 35,333 - 35,333 - Total securities available for sale $ 102,772 $ - $ 102,772 $ - Fair Value Measurements at December 31, 2019 Using: 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 $ - Certain assets are measured at fair value on a nonrecurring basis in accordance with GAAP. Adjustments to the fair value of these assets usually result from the application of lower-of-cost-or-market accounting or write downs of individual assets. The following describes the valuation techniques used by the Company to measure certain assets recorded at fair value on a nonrecurring basis in the consolidated financial statements: Other Real Estate Owned Other real estate owned (“OREO”) is measured at fair value less cost to sell, based on an appraisal conducted by an independent, licensed appraiser outside of the Company. If the collateral value is significantly adjusted due to differences in the comparable properties, or is discounted by the Company because of marketability, then the fair value is considered Level 3. OREO is measured at fair value on a nonrecurring basis. Any initial fair value adjustment is charged against the Allowance for Loan Losses. Subsequent fair value adjustments are recorded in the period incurred and included in other noninterest expense on the Consolidated Statements of Income. As of June 30, 2020 and December 31, 2019, the Company had no OREO property. Impaired Loans Loans are designated as impaired when, in the judgment of management based on current information and events, it is probable that all amounts due according to the contractual terms of the loan agreement will not be collected when due. The measurement of loss associated with impaired loans can be based on either (a) the observable market price of the loan or the fair value of the collateral, or (b) using the present value of expected future cash flows discounted at the loan’s effective interest rate, which is not a fair value measurement. 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. Impaired loans that are measured based on expected future cash flows discounted at the loan’s effective interest rate rather than the market rate of interest are not recorded at fair value, and are therefore excluded from fair value disclosure requirements. The value of business equipment is based upon an outside appraisal if deemed significant, or the net book value on the applicable business’ financial statements if not considered significant. Likewise, values for inventory and accounts receivables collateral are based on financial statement balances or aging reports (Level 3). Impaired loans allocated to the Allowance for Loan Losses are measured at fair value on a nonrecurring basis. Any fair value adjustments are recorded in the period incurred as provision for loan losses on the Consolidated Statements of Income. The Company had impaired loans of $2.1 million as of June 30, 2020 and $2.5 million as of December 31, 2019. All impaired loans were measured based on expected future cash flows discounted at the loan’s effective interest rate, or fair value of collateral, as noted above. ASC 825, “Financial Instruments,” requires disclosures about fair value of financial instruments for interim periods and excludes certain financial instruments and all non-financial instruments from its disclosure requirements. Accordingly, the aggregate fair value amounts presented may not necessarily represent the underlying fair value of the Company. The Company uses the exit price notion in calculating the fair values of financial instruments not measured at fair value on a recurring basis. The carrying values and estimated fair values of the Company's financial instruments as of June 30, 2020 and December 31, 2019 are as follows (dollars in thousands): Fair Value Measurements at June 30, 2020 Using: 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 $ 34,887 $ 34,887 $ - $ - $ 34,887 Available for sale securities 102,772 - 102,772 - 102,772 Loans, net 624,477 - - 615,070 615,070 Bank owned life insurance 16,628 - 16,628 - 16,628 Accrued interest receivable 2,548 - 336 2,212 2,548 Liabilities Demand deposits and interest-bearing transaction, money market, and savings accounts $ 617,602 $ - $ 617,602 $ - $ 617,602 Certificates of deposit and other time deposits 96,599 - 97,646 - 97,646 Accrued interest payable 208 - 208 - 208 Fair Value Measurements at December 31, 2019 Using: 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 and other time deposits 109,278 - 109,848 - 109,848 Accrued interest payable 295 - 295 - 295 The Company assumes interest rate risk (the risk that general interest rate levels will change) as a result of its normal operations. Consequently, the fair values of the Company’s financial instruments will fluctuate when interest rate levels change, and that change may be either favorable or unfavorable to the Company. Management attempts to match maturities of assets and liabilities to the extent believed necessary to minimize interest rate risk; however, borrowers with fixed rate obligations are less likely to prepay in a rising rate environment and more likely to prepay in a falling rate environment. Conversely, depositors who are receiving fixed rates are more likely to withdraw funds before maturity in a rising rate environment and less likely to do so in a falling rate environment. Management monitors rates and maturities of assets and liabilities and attempts to minimize interest rate risk by adjusting terms of new loans and deposits and by investing in securities with terms that mitigate the Company’s overall interest rate risk.

Other Comprehensive Income

Other Comprehensive Income	6 Months Ended
	Jun. 30, 2020
Other Comprehensive Income Loss Tax [Abstract]
Other Comprehensive Income	Note 8 . Other Comprehensive Income A component of the Company’s other comprehensive income, in addition to net income from operations, is the recognition of the unrealized gains and losses on available for sale securities, net of income taxes. Reclassifications of realized gains and losses on available for sale securities are reported in the income statement as “Gains on sales of securities” with the corresponding income tax effect reflected as a component of income tax expense. Amounts reclassified out of accumulated other comprehensive income are presented below for the three and six months ended June 30, 2020 and 2019 (dollars in thousands) Three Months Ended Six Months Ended June 30, 2020 June 30, 2019 June 30, 2020 June 30, 2019 Available for sale securities Realized gains on sales of securities $ 590 $ 64 $ 643 $ 64 Tax effect (124 ) (13 ) (135 ) (13 ) Realized gains, net of tax $ 466 $ 51 $ 508 $ 51

Segment Reporting

Segment Reporting	6 Months Ended
	Jun. 30, 2020
Segment Reporting [Abstract]
Segment Reporting	Note 9. Segment Reporting Beginning in 2019, the Company has four reportable segments. Each reportable segment is a strategic business unit that offers different products and services. They are managed separately, because each segment appeals to different markets and, accordingly, require different technology and marketing strategies. The accounting policies of the segments are the same as those described in the summary of significant accounting policies provided earlier in this report. The four reportable segments are: • Bank - 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 & Estate Services – VNB Trust & 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 and incentive income which is based on the investment returns generated on performance-based 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 & Estate Services. More information on royalty income and the related sale can be found under Summary of Significant Accounting Policies in Note 1 of the notes to consolidated financial statements, which is found in Item 8. Financial Statements and Supplementary Data, in the Company’s Form 10-K Report for December 31, 2019. • 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 other three lines of business previously combined under VNB Wealth. For both the three months ended June 30, 2020 and 2019, management fees totaling $25 thousand were charged by the Bank and eliminated in consolidated totals. For both the six months ended June 30, 2020 and 2019, management fees totaling $50 thousand were charged by the Bank and eliminated in consolidated totals. Segment information for the three and six months ended June 30, 2020 and 2019 is shown in the following tables (dollars in thousands). 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. Three months ended June 30, 2020 Bank Sturman Wealth Advisors VNB Trust & Estate Services Masonry Capital Consolidated Net interest income $ 5,755 $ - $ - $ - $ 5,755 Provision for loan losses 378 - - - 378 Noninterest income 1,211 162 175 78 1,626 Noninterest expense 3,811 154 234 205 4,404 Income (loss) before income taxes 2,777 8 (59 ) (127 ) 2,599 Provision for income taxes 547 2 (12 ) (26 ) 511 Net income (loss) $ 2,230 $ 6 $ (47 ) $ (101 ) $ 2,088 Six months ended June 30, 2020 Bank Sturman Wealth Advisors VNB Trust & Estate Services Masonry Capital Consolidated Net interest income $ 11,130 $ - $ - $ - $ 11,130 Provision for loan losses 1,143 - - - 1,143 Noninterest income 2,346 340 433 176 3,295 Noninterest expense 7,774 328 472 373 8,947 Income (loss) before income taxes 4,559 12 (39 ) (197 ) 4,335 Provision for income taxes 889 3 (8 ) (41 ) 843 Net income (loss) $ 3,670 $ 9 $ (31 ) $ (156 ) $ 3,492 Three months ended June 30, 2019 Bank Sturman Wealth Advisors VNB Trust & Estate Services Masonry Capital Consolidated Net interest income $ 5,461 $ - $ - $ - $ 5,461 Provision for (recovery of) loan losses (64 ) - - - (64 ) Noninterest income 1,137 156 348 59 1,700 Noninterest expense 4,073 147 303 162 4,685 Income (loss) before income taxes 2,589 9 45 (103 ) 2,540 Provision for income taxes 435 2 10 (22 ) 425 Net income (loss) $ 2,154 $ 7 $ 35 $ (81 ) $ 2,115 Six months ended June 30, 2019 Bank Sturman Wealth Advisors VNB Trust & Estate Services Masonry Capital Consolidated Net interest income $ 11,029 $ - $ - $ - $ 11,029 Provision for loan losses 620 - - - 620 Noninterest income 1,710 292 694 63 2,759 Noninterest expense 7,872 283 610 331 9,096 Income (loss) before income taxes 4,247 9 84 (268 ) 4,072 Provision for income taxes 747 2 18 (56 ) 711 Net income (loss) $ 3,500 $ 7 $ 66 $ (212 ) $ 3,361

Leases

Leases	6 Months Ended
	Jun. 30, 2020
Leases [Abstract]
Leases	Note 10. Leases On January 1, 2019, the Company adopted ASU No. 2016-02 “Leases (Topic 842)” and all subsequent ASUs that modified Topic 842. The Company elected the prospective application approach provided by ASU 2018-11 and did not adjust prior periods for ASC 842. The Company also elected certain practical expedients within the standard and consistent with such elections did not reassess whether any expired or existing contracts are or contain leases, did not reassess the lease classification for any expired or existing leases, and did not reassess any initial direct costs for existing leases. Lease payments for short-term leases are recognized as lease expense on a straight-line basis over the lease term. Payments for leases with terms longer than twelve months are included in the determination of the lease liability. The right-of-use asset and lease liability are included in other assets and other liabilities, respectively, in the Consolidated Balance Sheets. Lease liabilities represent the Company’s obligation to make lease payments and are presented at each reporting date as the net present value of the remaining contractual cash flows. Cash flows are discounted at the Company’s incremental borrowing rate in effect at the commencement date of the lease for a term similar to the length of the lease, including any probable renewal options available. Right-of-use assets represent the Company’s right to use the underlying asset for the lease term and are calculated as the sum of the lease liability and if applicable, prepaid rent, initial direct costs and any incentives received from the lessor. Each of the Company’s long-term lease agreements are classified as operating leases. Certain of these leases offer the option to extend the lease term and the Company has included such extensions in its calculation of the lease liabilities to the extent the options are reasonably assured of being exercised. The lease agreements do not provide for residual value guarantees and have no restrictions or covenants that would impact dividends or require incurring additional financial obligations. The following tables present information about the Company’s leases (dollars in thousands): June 30, 2020 Lease liability $ 3,966 Right-of-use asset $ 3,923 Weighted average remaining lease term 5.55 years Weighted average discount rate 2.56 % Three Months Ended June 30, Six Months Ended June 30, Lease Expense 2020 2019 2020 2019 Operating lease expense $ 204 $ 204 $ 408 $ 408 Short-term lease expense 29 37 57 73 Total lease expense $ 233 $ 241 $ 465 $ 481 Cash paid for amounts included in lease liabilities $ 199 $ 197 $ 398 $ 393 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 June 30, 2020 Six months ending December 31, 2020 $ 426 Twelve months ending December 31, 2021 877 Twelve months ending December 31, 2022 839 Twelve months ending December 31, 2023 753 Twelve months ending December 31, 2024 544 Twelve months ending December 31, 2025 469 Thereafter 372 Total undiscounted cash flows $ 4,280 Less: Discount (314 ) Lease liability $ 3,966

Significant Accounting Polici_2

Significant Accounting Policies (Policies)	6 Months Ended
	Jun. 30, 2020
Accounting Policies [Abstract]
Basis of Presentation	Basis of Presentation The consolidated financial statements include the accounts of Virginia National Bankshares Corporation (the “Company”), and its subsidiaries Virginia National Bank (the “Bank”) and Masonry Capital Management, LLC (“Masonry Capital”), a registered investment advisor. Effective July 1, 2018, VNBTrust, National Association (“VNBTrust”), formerly a subsidiary of the Bank, was merged into Virginia National Bank, and the Bank continued to offer investment management, wealth advisory and trust and estate administration services under the name of VNB Wealth Management, also referred to herein as “VNB Wealth.” All references herein to VNB Wealth Management or VNB Wealth refer to VNBTrust for periods prior to July 1, 2018. In 2019, the services offered by VNB Wealth are provided by Masonry Capital or by the Bank under VNB Trust & Estate Services or Sturman Wealth Advisors, formerly known as VNB Investment Services. All significant intercompany balances and transactions have been eliminated in consolidation. The unaudited consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America (“GAAP”) for interim financial information. Accordingly, the unaudited consolidated financial statements do not include all of the information and footnotes required by GAAP for complete financial statements. In the opinion of management, all adjustments (consisting of normal recurring items) considered necessary for a fair presentation have been included. The preparation of financial statements in conformity with GAAP and the reporting guidelines prescribed by regulatory authorities requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. Material estimates that are particularly susceptible to significant change in the near term relate to the determination of the allowance for loan losses (including impaired loans), other-than-temporary impairment of securities, intangible assets, and fair value measurements. Operating results for the three and six months ended June 30, 2020 are not necessarily indicative of the results that may be expected for the year ending December 31, 2020. The statements should be read in conjunction with the Notes to Consolidated Financial Statements included in the Company’s Form 10-K for the year ended December 31, 2019. Adoption of New Accounting Guidance Interagency COVID-19 Guidance I n March 2020, various regulatory agencies, including the Office of the Comptroller of the Currency, the Board of Governors of the Federal Reserve System and the Federal Deposit Insurance Corporation, (“the agencies”) issued an interagency statement on loan modifications and reporting for financial institutions working with customers affected by COVID-19. The interagency statement was effective immediately and impacted accounting for loan modifications. Under Accounting Standards Codification 310-40, “Receivables – Troubled Debt Restructurings by Creditors,” (“ASC 310-40”), a restructuring of debt constitutes a troubled debt restructuring (“TDR”) if the creditor, for economic or legal reasons related to the debtor’s financial difficulties, grants a concession to the debtor that it would not otherwise consider. The agencies confirmed with the staff of the FASB that short-term modifications made on a good faith basis in response to COVID-19 to borrowers who were current prior to any relief, are not to be considered TDRs. This includes short-term (e.g., six months) modifications such as payment deferrals, fee waivers, extensions of repayment terms, or other delays in payment that are insignificant. Borrowers considered current are those that are less than 30 days past due on their contractual payments at the time a modification program is implemented. This interagency guidance may have a material impact on the Company’s financial statements; however, this impact cannot be quantified at this time.
Recent Accounting Pronouncements	Recent Accounting Pronouncements Financial Instruments – Credit Losses In June 2016, the FASB issued ASU No. 2016-13, “Financial Instruments – Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments.” The amendments in this ASU, among other things, require the measurement of all expected credit losses for financial assets held at the reporting date based on historical experience, current conditions, and reasonable and supportable forecasts. Financial institutions and other organizations will now use forward-looking information to better inform their credit loss estimates. Many of the loss estimation techniques applied today will still be permitted, although the inputs to those techniques will change to reflect the full amount of expected credit losses. In addition, the ASU amends the accounting for credit losses on available-for-sale debt securities and purchased financial assets with credit deterioration. The FASB has issued multiple updates to ASU 2016-13 as codified in Topic 326, including ASU’s 2019-04, 2019-05, 2019-10, 2019-11, 2020-02, and 2020-03. These ASU’s have provided for various minor technical corrections and improvements to the codification as well as other transition matters. Smaller reporting companies who file with the U.S. Securities and Exchange Commission (SEC) and all other entities who do not file with the SEC are required to apply the guidance for fiscal years, and interim periods within those years, beginning after December 15, 202 2. The Company is currently assessing the impact that ASU 2016-13 will have on its consolidated financial statements . Early in 2017, the Company formed a cross-functional steering committee, including some members of senior management, to provide governance and guidance over the project plan. The steering committee meets regularly to address the compliance requirements, data requirements and sources , an d analysis efforts that are required to adopt these new requirements . In addition to attending seminars and webinars on this topic with regulators and other experts, the committee is working closely with the Company’s vendor to gather additional loan data which is anticipated to be needed for th is calculation and is attending training sessions on the software to be utilized to calculate the expected credit losses . 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. 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 does not expect the adoption of ASU 2019-12 to have a material impact on its consolidated financial statements. Investments – Equity Securities In January 2020, the FASB issued ASU 2020-01, “Investments – Equity Securities (Topic 321), Investments – Equity Method and Joint Ventures (Topic 323), and Derivatives and Hedging (Topic 815) – Clarifying the Interactions between Topic 321, Topic 323, and Topic 815.” The ASU is based on a consensus of the FASB’s Emerging Issues Task Force and is expected to increase comparability in accounting for these transactions. ASU 2016-01 made targeted improvements to accounting for financial instruments, including providing an entity the ability to measure certain equity securities without a readily determinable fair value at cost, less any impairment, plus or minus changes resulting from observable price changes in orderly transactions for the identical or a similar investment of the same issuer. Among other topics, the amendments clarify that an entity should consider observable transactions that require it to either apply or discontinue the equity method of accounting. For public business entities, the amendments in the ASU are effective for fiscal years beginning after December 15, 2020, and interim periods within those fiscal years. Early adoption is permitted. The Company does not expect the adoption of ASU 2020-01 to have a material impact on its consolidated financial statements. LIBOR and Other Reference Rates In March 2020, the Financial Accounting Standards Board (FASB) issued ASU No. 2020-04 “Reference Rate Reform (Topic 848): Facilitation of the Effects of Reference Rate Reform on Financial Reporting.” These amendments provide temporary optional guidance to ease the potential burden in accounting for reference rate reform. The ASU provides optional expedients and exceptions for applying generally accepted accounting principles to contract modifications and hedging relationships, subject to meeting certain criteria, that reference the London Inter-bank Offered Rate (“LIBOR”) or another reference rate expected to be discontinued. It is intended to help stakeholders during the global market-wide reference rate transition period. The guidance is effective for all entities as of March 12, 2020 through December 31, 2022. To facilitate an orderly transition from LIBOR, Inter-bank Offered Rate (“IBOR”) and other benchmark rates to alternative reference rates (“ARRs”), the Company has established a focus committee, which includes members of senior management, including the Chief Credit Officer and Chief Financial Officer, among others. The task of this committee is to identify, assess and monitor risk associated with the expected discontinuation or unavailability of benchmarks, including LIBOR, achieve operations readiness and engage impacted clients in connection with the transition to ARRs. The Company is assessing ASU 2020-04 and its impact on the Company’s transition away from LIBOR for its loan and other financial instruments. SEC Filing Requirements On March 12, 2020, the SEC finalized amendments to the definitions of its “accelerated filer” and “large accelerated filer” definitions. The amendments increase the threshold criteria for meeting these filer classifications and are effective on April 27, 2020. Any changes in filer status are to be applied beginning with the filer’s first annual report filed with the SEC subsequent to the effective date. Prior to these changes, the Company was required to comply with section 404(b) of the Sarbanes Oxley Act concerning auditor attestation over internal control over financial reporting as an “accelerated filer” as it had more than $75 million in public float but less than $700 million at the end of the Company’s most recent second quarter. The rule change expands the definition of “smaller reporting companies” to include entities with public float of less than $700 million and less than $ 100 million in annual revenues. The Company expects to meet this expanded category of small er reporting company and will no longer be c onsidered an accelerated filer . If the Company’s annual revenues exceed $100 million, its category will chan ge back to “accelerated filer”. The classifications of “accelerated filer” and “large accelerated filer” require a public company to obtain an auditor attestation concerning the effectiveness of internal control over financial reporting (ICFR) and include the opinion on ICFR in its annual report on Form 10-K. Smaller reporting companies also have additional time to file quarterly and annual financial statements. All public companies are required to obtain and file annual financial statement audits, as well as provide management’s assertion on effectiveness of internal control over financial reporting, but the external auditor attestation of internal control over financial reporting is not required f or smaller reporting companies . As the Bank ’s total assets exceed $ 500 m illion, it remains subject to FDICIA ’s internal reporting requirements, but does not require an auditor attestation concerning internal controls over financial reporting. As such, professional and consulting expenditures should decline by an immaterial amount.

Securities (Tables)

Securities (Tables)	6 Months Ended
	Jun. 30, 2020
Investments Debt And Equity Securities [Abstract]
Schedule of Amortized Cost and Fair Values of Securities Available For Sale	The amortized cost and fair values of securities available for sale as of June 30, 2020 and December 31, 2019 were as follows (dollars in thousands): June 30, 2020 Amortized Gross Unrealized Gross Unrealized Fair Cost Gains (Losses) Value U.S. Government agencies $ 9,003 $ 40 $ (6 ) $ 9,037 Mortgage-backed securities/CMOs 57,842 762 (202 ) 58,402 Municipal bonds 34,707 773 (147 ) 35,333 Total Securities Available for Sale $ 101,552 $ 1,575 $ (355 ) $ 102,772 December 31, 2019 Amortized Gross Unrealized Gross Unrealized Fair Cost Gains (Losses) Value 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
Schedule of Unrealized Losses in the Bank's Securities Portfolio	The following table summarizes all securities with unrealized losses, segregated by length of time in a continuous unrealized loss position, at June 30, 2020, and December 31, 2019 (dollars in thousands): June 30, 2020 Less than 12 Months 12 Months or more Total Unrealized Unrealized Unrealized Fair Value Losses Fair Value Losses Fair Value Losses U.S. Government agencies $ 2,994 $ (6 ) $ — $ — $ 2,994 $ (6 ) Mortgage-backed/CMOs 25,205 (202 ) — — 25,205 (202 ) Municipal bonds 13,958 (147 ) — — 13,958 (147 ) $ 42,157 $ (355 ) $ — $ — $ 42,157 $ (355 ) December 31, 2019 Less than 12 Months 12 Months or more Total Unrealized Unrealized Unrealized Fair Value Losses Fair Value Losses Fair Value Losses U.S. Government agencies $ 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 )

Loans (Tables)

Loans (Tables)	6 Months Ended
	Jun. 30, 2020
Loans And Leases Receivable Disclosure [Abstract]
Schedule of Composition of Loan Portfolio by Loan Classification	The composition of the loan portfolio by loan classification at June 30, 2020 and December 31, 2019 appears below (dollars in thousands). June 30, December 31, 2020 2019 Commercial Commercial and industrial - organic $ 37,459 $ 38,843 Commercial and industrial - Paycheck Protection Program 84,244 — Commercial and industrial - government guaranteed 33,959 35,347 Commercial and industrial - syndicated 6,374 6,398 Total commercial and industrial 162,036 80,588 Real estate construction and land Residential construction 3,208 2,197 Commercial construction 16,010 6,880 Land and land development 7,282 8,063 Total construction and land 26,500 17,140 Real estate mortgages 1-4 family residential, first lien, investment 55,180 44,099 1-4 family residential, first lien, owner occupied 16,766 20,671 1-4 family residential, junior lien 2,254 2,520 1-4 family residential - purchased 27,050 33,428 Home equity lines of credit, first lien 9,862 10,268 Home equity lines of credit, junior lien 9,990 9,671 Farm 7,949 8,808 Multifamily 32,330 27,093 Commercial owner occupied 97,267 96,117 Commercial non-owner occupied 121,823 118,561 Total real estate mortgage 380,471 371,236 Consumer Consumer revolving credit 18,435 20,081 Consumer all other credit 4,209 5,741 Student loans purchased 40,743 44,747 Total consumer 63,387 70,569 Total loans 632,394 539,533 Less: Allowance for loan losses (4,917 ) (4,209 ) Net loans $ 627,477 $ 535,324
Schedule of Loans Classified as Impaired Loans	Following is a breakdown by class of the loans classified as impaired loans as of June 30, 2020 and December 31, 2019. These loans are reported at their recorded investment, which is the carrying amount of the loan as reflected on the Company’s balance sheet, net of charge-offs and other amounts applied to reduce the net book balance. Average recorded investment in impaired loans is computed using an average of month-end balances for these loans for either the six months ended June 30, 2020 or the twelve months ended December 31, 2019. Interest income recognized is for the six months ended June 30, 2020 or the twelve months ended December 31, 2019. June 30, 2020 Recorded Investment Unpaid Principal Balance Associated Allowance Average Recorded Investment Interest Income Recognized Impaired loans without a valuation allowance: Land and land development $ 11 $ 57 $ - $ 185 $ - 1-4 family residential mortgages, junior lien 113 113 - 115 3 Commercial non-owner occupied real estate 854 854 - 865 23 Total impaired loans without a valuation allowance 978 1,024 - 1,165 26 Impaired loans with a valuation allowance Student loans purchased 1,090 1,090 7 1,110 37 Total impaired loans with a valuation allowance 1,090 1,090 7 1,110 37 Total impaired loans $ 2,068 $ 2,114 $ 7 $ 2,275 $ 63 December 31, 2019 Recorded Investment Unpaid Principal Balance Associated Allowance Average Recorded Investment Interest Income Recognized 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 and industrial - organic 20 20 - 3 1 Commercial non-owner occupied real estate 879 879 - 900 48 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
Schedule of Impaired Loans Classified as Non-Accruals by Class	. The recorded investment in non-accrual loans is shown below by class (dollars in thousands): June 30, 2020 December 31, 2019 Land and land development $ 11 $ 279 Commercial and industrial - organic - 20 Total non-accrual loans $ 11 $ 299
Schedule of Loans Modified Under Terms of a TDR	The following provides a summary, by class, of TDRs that continue to accrue interest under the terms of the restructuring agreement, which are considered to be performing, and TDRs that have been placed in non-accrual status, which are considered to be nonperforming (dollars in thousands). Troubled debt restructurings (TDRs) June 30, 2020 December 31, 2019 No. of Recorded No. of Recorded Loans Investment Loans Investment Performing TDRs 1-4 family residential mortgages, junior lien 1 $ 113 1 $ 117 Commercial non-owner occupied real estate 1 854 1 879 Student loans purchased 72 1,090 67 1,184 Total performing TDRs 74 $ 2,057 69 $ 2,180 Nonperforming TDRs Land and land development 1 $ 11 1 $ 13 Total nonperforming TDRs 1 $ 11 1 $ 13 Total TDRs 75 $ 2,068 70 $ 2,193
Summary of Modified Loans	A summary of loans shown above that were modified under the terms of a TDR during the three and six months ended June 30, 2020 and 2019 is shown below by class (dollars in thousands). The Post-Modification Recorded Balance reflects the period end balances, inclusive of any interest capitalized to principal, partial principal paydowns, and principal charge-offs since the modification date. Loans modified as TDRs that were fully paid down, charged-off, or foreclosed upon by period end are not reported. For three months ended For three months ended June 30, 2020 June 30, 2019 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 6 $ 49 $ 49 10 $ 78 $ 78 Total loans modified during the period 6 $ 49 $ 49 10 $ 78 $ 78 For the six months ended For the six months ended June 30, 2020 June 30, 2019 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 11 $ 109 $ 109 12 $ 133 $ 133 Total loans modified during the period 11 $ 109 $ 109 12 $ 133 $ 133

Allowance for Loan Losses (Tabl

Allowance for Loan Losses (Tables)	6 Months Ended
	Jun. 30, 2020
Allowance For Loan Losses [Abstract]
Internal Risk Rating Grades	The following represents the loan portfolio designated by the internal risk ratings assigned to each credit as of June 30, 2020 and December 31, 2019 (dollars in thousands). There were no loans rated “Doubtful” as of either period. June 30, 2020 Excellent Good Pass Watch Special Mention Sub- standard TOTAL Commercial Commercial and industrial - organic $ 5,980 $ 16,733 $ 14,182 $ 224 $ — $ 340 $ 37,459 Commercial and industrial - Paycheck Protection Program 84,244 - - - - - 84,244 Commercial and industrial - government guaranteed 33,959 - - - - - 33,959 Commercial and industrial - syndicated - - 6,374 - - - 6,374 Real estate construction Residential construction - - 3,208 - - - 3,208 Commercial construction - - 16,010 - - - 16,010 Land and land development - - 7,059 200 - 23 7,282 Real estate mortgages 1-4 family residential, first lien investment - - 52,114 2,702 - 364 55,180 1-4 family residential, first lien, owner occupied - - 14,979 1,022 - 765 16,766 1-4 family residential, junior lien - - 1,805 31 15 403 2,254 1-4 family residential, first lien - purchased - - 27,050 - - - 27,050 Home equity lines of credit, first lien - - 9,862 - - - 9,862 Home equity lines of credit, junior lien - - 9,824 84 - 82 9,990 Farm - - 6,366 307 - 1,276 7,949 Multifamily - - 31,934 396 - - 32,330 Commercial owner occupied - - 86,895 5,533 - 4,839 97,267 Commercial non-owner occupied - - 119,431 1,510 - 882 121,823 Consumer Consumer revolving credit 839 17,433 160 - - 3 18,435 Consumer all other credit 400 3,340 468 - - 1 4,209 Student loans purchased - - 39,374 1,213 64 92 40,743 Total Loans $ 125,422 $ 37,506 $ 447,095 $ 13,222 $ 79 $ 9,070 $ 632,394 December 31, 2019 Excellent Good Pass Watch Special Mention Sub- standard TOTAL 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
Summary of Transactions in Allowance for Loan Losses by Loan Portfolio Segment	A summary of the transactions in the Allowance for Loan Losses by loan portfolio segment for the six months ended June 30, 2020 and the year ended December 31, 2019 appears below (dollars in thousands): Allowance for Loan Losses Rollforward by Portfolio Segment As of and for the period ended June 30, 2020 Commercial Loans Real Estate Construction and Land Real Estate Mortgages Consumer Loans Total Allowance for Loan Losses: Balance as of beginning of year $ 302 $ 109 $ 2,684 $ 1,114 $ 4,209 Charge-offs - - - (581 ) (581 ) Recoveries 19 - - 127 146 Provision for (recovery of) loan losses (59 ) 96 691 415 1,143 Ending Balance $ 262 $ 205 $ 3,375 $ 1,075 $ 4,917 Ending Balance: Individually evaluated for impairment $ - $ - $ - $ 7 $ 7 Collectively evaluated for impairment 262 205 3,375 1,068 4,910 Loans: Individually evaluated for impairment $ - $ 11 $ 967 $ 1,090 $ 2,068 Collectively evaluated for impairment 162,036 26,489 379,504 62,297 630,326 Ending Balance $ 162,036 $ 26,500 $ 380,471 $ 63,387 $ 632,394 As of and for the period ended December 31, 2019 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
Schedule of Aging of Past Due Loans	The following tables show the aging of past due loans as of June 30, 2020 and December 31, 2019. (Dollars below reported in thousands.) Past Due Aging as of June 30, 2020 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 Commercial loans Commercial and industrial - organic $ 45 $ 421 $ - $ 466 $ 36,993 $ 37,459 $ - Commercial and industrial - Paycheck Protection Program - - - - 84,244 84,244 - Commercial and industrial - government guaranteed - - 548 548 33,411 33,959 548 Commercial and industrial - syndicated - - - - 6,374 6,374 - Real estate construction and land Residential construction - - - - 3,208 3,208 - Commercial construction - - - - 16,010 16,010 - Land and land development - 12 - 12 7,270 7,282 - Real estate mortgages 1-4 family residential, first lien, investment - 681 - 681 54,499 55,180 - 1-4 family residential, first lien, owner occupied - - - - 16,766 16,766 - 1-4 family residential, junior lien - - - - 2,254 2,254 - 1-4 family residential - purchased - 384 437 821 26,229 27,050 437 Home equity lines of credit, first lien - - - - 9,862 9,862 - Home equity lines of credit, junior lien - - - - 9,990 9,990 - Farm - - - - 7,949 7,949 - Multifamily - - - - 32,330 32,330 - Commercial owner occupied - - - - 97,267 97,267 - Commercial non-owner occupied - - - - 121,823 121,823 - Consumer loans Consumer revolving credit - 20 - 20 18,415 18,435 - Consumer all other credit - - - - 4,209 4,209 - Student loans purchased 123 64 92 279 40,464 40,743 92 Total Loans $ 168 $ 1,582 $ 1,077 $ 2,827 $ 629,567 $ 632,394 $ 1,077 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 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 0 - - 0 118,561 118,561 - Consumer loans Consumer revolving credit 20 - - 20 20,061 20,081 - Consumer all other credit 43 0 - 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

Net Income Per Share (Tables)

Net Income Per Share (Tables)	6 Months Ended
	Jun. 30, 2020
Earnings Per Share [Abstract]
Schedule of weighted average number of shares used in computing earnings per share	For the following table, share and per share data have been adjusted to reflect the 5% Stock Dividend. The table shows the weighted average number of shares used in computing net income per common share and the effect on the weighted average number of shares of diluted potential common stock for the three and six months ended June 30, 2020 and 2019. Potential dilutive common stock equivalents have no effect on net income available to common shareholders. Unvested restricted stock as noted in the Consolidated Balance Sheets as of June 30, 2020 and December 31, 2019 is included in the calculation of basic and diluted net income per share. (Dollars below reported in thousands except per share data.) Three Months Ended June 30, 2020 June 30, 2019 Net Income Weighted Average Shares Per Share Amount Net Income Weighted Average Shares Per Share Amount Basic net income per share $ 2,088 2,710,019 $ 0.77 $ 2,115 2,688,005 $ 0.79 Effect of dilutive stock options - 998 - - 960 - Diluted net income per share $ 2,088 $ 2,711,017 $ 0.77 $ 2,115 $ 2,688,965 $ 0.79 Six Months Ended June 30, 2020 June 30, 2019 Net Income Weighted Average Shares Per Share Amount Net Income Weighted Average Shares Per Share Amount Basic net income per share $ 3,492 2,701,411 $ 1.29 $ 3,361 2,683,122 $ 1.25 Effect of dilutive stock options - 900 - - 4,269 - Diluted net income per share $ 3,492 $ 2,702,311 $ 1.29 $ 3,361 $ 2,687,391 $ 1.25

Stock Incentive Plans (Tables)

Stock Incentive Plans (Tables)	6 Months Ended
	Jun. 30, 2020
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 Plans is shown below as of June 30, 2020. Share data and exercise price range per share have been adjusted to reflect the 5% Stock Dividend and prior stock dividends. Although the 2005 Plan has expired and no new grants will be issued under this plan, there were options issued before the plan expired that 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 (59,870 ) (122,047 ) Unrestricted stock issued - (11,535 ) Restricted stock grants issued - (26,268 ) Cancelled due to Plan expiration (193,705 ) - Remaining available for grant - 115,775 Grants issued and outstanding: Total vested and unvested shares 1,379 105,404 Fully vested shares 1,379 13,722 Exercise price range $13.69 to $13.69 $26.00 to $42.62
Summary of Stock Option Activity	Changes in the stock options outstanding related to the Plans are summarized below. (Dollars in thousands except per share data): June 30, 2020 Number of Options Weighted Average Exercise Price Aggregate Intrinsic Value Outstanding at January 1, 2020 80,783 $ 40.76 Issued 26,000 26.00 Exercised — — Expired — — Outstanding at June 30, 2020 106,783 $ 37.17 $ 16 Options exercisable at June 30, 2020 28,356 $ 40.53 $ 16
Schedule of Fair Value Assumptions	For the six months ended June 30, 2020 and 2019, the Company recognized $58 thousand and $47 thousand, respectively, in compensation expense for stock options. As of June 30, 2020, there was $377 thousand in unrecognized compensation expense remaining to be recognized in future reporting periods through 2025. The fair value of any stock option grant is estimated at the grant date using the Black-Scholes pricing model. 26,000 stock option grants were issued during the six months ended June 30, 2020, and 420 stock option grants were issued during the six months ended June 30, 2019. No stock option grants were issued during the three months ended June 30, 2020 and 420 stock option grants were issued during the three months ended June 30, 2019. The fair value of each option granted in 2020 was estimated based on the assumptions noted in the following table: For the six months ended June 30, 2020 Expected volatility 1 24.33 % Expected dividends 2 4.75 % Expected term (in years) 3 6.50 Risk-free rate 4 0.72 % 1 Based on the monthly historical volatility of the Company’s stock price over the expected life of the options. 2 Calculated as the ratio of historical dividends paid per share of common stock to the stock price on the date of grant. 3 Based on the average of the contractual life and vesting period for the respective option. 4 Based upon an interpolated US Treasury yield curve interest rate that corresponds to the contractual life of the option, in effect at the time of the grant.
Schedule of Options Outstanding and Exercisable, by Exercise Price Range	Summary information pertaining to options outstanding at June 30, 2020 is shown below. Share and per share data have been adjusted to reflect the 5% Stock Dividend and prior stock dividends. 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 $10.65 to $20.00 1,379 2.6 Years $ 13.69 1,379 $ 13.69 $20.01 to $30.00 27,103 9.6 Years 26.06 551 27.39 $30.01 to $40.00 20,820 8.7 Years 38.14 3,444 39.44 $40.01 to $42.62 57,481 7.9 Years 42.62 22,982 42.62 Total 106,783 8.4 Years $ 37.17 28,356 $ 40.53
Summary of Changes in the Restricted Stock Grants Outstanding	Changes in the restricted stock grants outstanding during the six months ended June 30, 2020 are summarized below. (Dollars in thousands except per share data): June 30, 2020 Number of Shares Weighted Average Grant Date Fair Value Per Share Aggregate Intrinsic Value Nonvested as of January 1, 2020 4,000 $ 36.00 $ 101 Issued 22,268 25.34 562 Vested — — Nonvested at June 30, 2020 26,268 $ 28.78 $ 663

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	6 Months Ended
	Jun. 30, 2020
Fair Value Disclosures [Abstract]
Schedule of Available for Sale Securities Measured at Fair Value on a Recurring Basis	The following tables present the balances measured at fair value on a recurring basis as of June 30, 2020 and December 31, 2019 (dollars in thousands): Fair Value Measurements at June 30, 2020 Using: 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 $ 9,037 $ - $ 9,037 $ - Mortgage-backed securities/CMOs 58,402 - 58,402 - Municipal bonds 35,333 - 35,333 - Total securities available for sale $ 102,772 $ - $ 102,772 $ - Fair Value Measurements at December 31, 2019 Using: 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 $ -
Schedule of the Carrying Values and Estimated Fair Values of the Bank's Financial Instruments	The carrying values and estimated fair values of the Company's financial instruments as of June 30, 2020 and December 31, 2019 are as follows (dollars in thousands): Fair Value Measurements at June 30, 2020 Using: 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 $ 34,887 $ 34,887 $ - $ - $ 34,887 Available for sale securities 102,772 - 102,772 - 102,772 Loans, net 624,477 - - 615,070 615,070 Bank owned life insurance 16,628 - 16,628 - 16,628 Accrued interest receivable 2,548 - 336 2,212 2,548 Liabilities Demand deposits and interest-bearing transaction, money market, and savings accounts $ 617,602 $ - $ 617,602 $ - $ 617,602 Certificates of deposit and other time deposits 96,599 - 97,646 - 97,646 Accrued interest payable 208 - 208 - 208 Fair Value Measurements at December 31, 2019 Using: 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 and other time deposits 109,278 - 109,848 - 109,848 Accrued interest payable 295 - 295 - 295

Other Comprehensive Income (Tab

Other Comprehensive Income (Tables)	6 Months Ended
	Jun. 30, 2020
Other Comprehensive Income Loss Tax [Abstract]
Schedule of Comprehensive Income	Three Months Ended Six Months Ended June 30, 2020 June 30, 2019 June 30, 2020 June 30, 2019 Available for sale securities Realized gains on sales of securities $ 590 $ 64 $ 643 $ 64 Tax effect (124 ) (13 ) (135 ) (13 ) Realized gains, net of tax $ 466 $ 51 $ 508 $ 51

Segment Reporting (Tables)

Segment Reporting (Tables)	6 Months Ended
	Jun. 30, 2020
Segment Reporting [Abstract]
Schedule of segment reporting information	Segment information for the three and six months ended June 30, 2020 and 2019 is shown in the following tables (dollars in thousands). 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. Three months ended June 30, 2020 Bank Sturman Wealth Advisors VNB Trust & Estate Services Masonry Capital Consolidated Net interest income $ 5,755 $ - $ - $ - $ 5,755 Provision for loan losses 378 - - - 378 Noninterest income 1,211 162 175 78 1,626 Noninterest expense 3,811 154 234 205 4,404 Income (loss) before income taxes 2,777 8 (59 ) (127 ) 2,599 Provision for income taxes 547 2 (12 ) (26 ) 511 Net income (loss) $ 2,230 $ 6 $ (47 ) $ (101 ) $ 2,088 Six months ended June 30, 2020 Bank Sturman Wealth Advisors VNB Trust & Estate Services Masonry Capital Consolidated Net interest income $ 11,130 $ - $ - $ - $ 11,130 Provision for loan losses 1,143 - - - 1,143 Noninterest income 2,346 340 433 176 3,295 Noninterest expense 7,774 328 472 373 8,947 Income (loss) before income taxes 4,559 12 (39 ) (197 ) 4,335 Provision for income taxes 889 3 (8 ) (41 ) 843 Net income (loss) $ 3,670 $ 9 $ (31 ) $ (156 ) $ 3,492 Three months ended June 30, 2019 Bank Sturman Wealth Advisors VNB Trust & Estate Services Masonry Capital Consolidated Net interest income $ 5,461 $ - $ - $ - $ 5,461 Provision for (recovery of) loan losses (64 ) - - - (64 ) Noninterest income 1,137 156 348 59 1,700 Noninterest expense 4,073 147 303 162 4,685 Income (loss) before income taxes 2,589 9 45 (103 ) 2,540 Provision for income taxes 435 2 10 (22 ) 425 Net income (loss) $ 2,154 $ 7 $ 35 $ (81 ) $ 2,115 Six months ended June 30, 2019 Bank Sturman Wealth Advisors VNB Trust & Estate Services Masonry Capital Consolidated Net interest income $ 11,029 $ - $ - $ - $ 11,029 Provision for loan losses 620 - - - 620 Noninterest income 1,710 292 694 63 2,759 Noninterest expense 7,872 283 610 331 9,096 Income (loss) before income taxes 4,247 9 84 (268 ) 4,072 Provision for income taxes 747 2 18 (56 ) 711 Net income (loss) $ 3,500 $ 7 $ 66 $ (212 ) $ 3,361

Leases (Tables)

Leases (Tables)	6 Months Ended
	Jun. 30, 2020
Leases [Abstract]
Schedule of Operating Lease Liability	The following tables present information about the Company’s leases (dollars in thousands): June 30, 2020 Lease liability $ 3,966 Right-of-use asset $ 3,923 Weighted average remaining lease term 5.55 years Weighted average discount rate 2.56 %
Schedule of Operating Lease Expense	Three Months Ended June 30, Six Months Ended June 30, Lease Expense 2020 2019 2020 2019 Operating lease expense $ 204 $ 204 $ 408 $ 408 Short-term lease expense 29 37 57 73 Total lease expense $ 233 $ 241 $ 465 $ 481 Cash paid for amounts included in lease liabilities $ 199 $ 197 $ 398 $ 393
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 June 30, 2020 Six months ending December 31, 2020 $ 426 Twelve months ending December 31, 2021 877 Twelve months ending December 31, 2022 839 Twelve months ending December 31, 2023 753 Twelve months ending December 31, 2024 544 Twelve months ending December 31, 2025 469 Thereafter 372 Total undiscounted cash flows $ 4,280 Less: Discount (314 ) Lease liability $ 3,966

Securities (Amortized Cost and

Securities (Amortized Cost and Fair Values of Securities Available for Sale) (Details)) - USD ($) $ in Thousands	Jun. 30, 2020	Dec. 31, 2019
Debt Securities, Available-for-sale [Line Items]
Amortized Cost	$ 101,552	$ 114,095
Gross Unrealized Gains	1,575	358
Gross Unrealized (Losses)	(355)	(412)
Available for Sale, Fair Value	102,772	114,041
Corporate bonds [Member]
Debt Securities, Available-for-sale [Line Items]
Amortized Cost		7,469
Available for Sale, Fair Value		7,469
Municipal bonds [Member]
Debt Securities, Available-for-sale [Line Items]
Amortized Cost	34,707	19,656
Gross Unrealized Gains	773	282
Gross Unrealized (Losses)	(147)	(50)
Available for Sale, Fair Value	35,333	19,888
U.S. Government agencies [Member]
Debt Securities, Available-for-sale [Line Items]
Amortized Cost	9,003	15,000
Gross Unrealized Gains	40
Gross Unrealized (Losses)	(6)	(48)
Available for Sale, Fair Value	9,037	14,952
Mortgage-backed securities/CMOs [Member]
Debt Securities, Available-for-sale [Line Items]
Amortized Cost	57,842	71,970
Gross Unrealized Gains	762	76
Gross Unrealized (Losses)	(202)	(314)
Available for Sale, Fair Value	$ 58,402	$ 71,732

Securities (Narrative) (Details

Securities (Narrative) (Details) $ in Thousands	6 Months Ended
	Jun. 30, 2020USD ($)item	Jun. 30, 2019USD ($)	Dec. 31, 2019USD ($)
Schedule of Investments [Line Items]
Available-for-sale securities, continuous unrealized loss position, fair value	$ 42,157		$ 64,651
Number of securities designated as available for sale securities having unrealized loss | item	29
Unrealized loss of available for sale securities	$ 355		412
Securities pledged to secure deposits and for other purposes required by law	4,000		5,000
Proceeds from the sales of securities	46,100	$ 10,400
Gross realized gains on sale of securities	655	93
Gross realized losses on sale of securities	12	29
Net realized gains on sale of securities	643	$ 64
Restricted securities, at cost	1,736		1,683
Municipal bonds [Member]
Schedule of Investments [Line Items]
Available-for-sale securities, continuous unrealized loss position, fair value	$ 13,958		5,922
Number of securities designated as available for sale securities having unrealized loss | item	15
Unrealized loss of available for sale securities	$ 147		50
Mortgage-backed securities/CMOs [Member]
Schedule of Investments [Line Items]
Available-for-sale securities, continuous unrealized loss position, fair value	$ 25,205		46,777
Number of securities designated as available for sale securities having unrealized loss | item	12
Unrealized loss of available for sale securities	$ 202		314
U.S. Government agencies [Member]
Schedule of Investments [Line Items]
Available-for-sale securities, continuous unrealized loss position, fair value	$ 2,994		11,952
Number of securities designated as available for sale securities having unrealized loss | item	2
Unrealized loss of available for sale securities	$ 6		$ 48

Securities (Schedule of Unreali

Securities (Schedule of Unrealized Losses) (Details) - USD ($) $ in Thousands	Jun. 30, 2020	Dec. 31, 2019
Debt Securities, Available-for-sale [Line Items]
Continuous Unrealized Loss Position of Less Than 12 Months, Estimated Fair value	$ 42,157	$ 54,940
Continuous Unrealized Loss Position of 12 Months or More, Estimated Fair value		9,711
Total, Estimated Fair value	42,157	64,651
Continuous Unrealized Loss Position of Less Than 12 Months, Unrealized losses	(355)	(321)
Continuous Unrealized Loss Position of 12 Months or More, Unrealized losses		(91)
Total, Unrealized losses	(355)	(412)
Municipal bonds [Member]
Debt Securities, Available-for-sale [Line Items]
Continuous Unrealized Loss Position of Less Than 12 Months, Estimated Fair value	13,958	5,922
Total, Estimated Fair value	13,958	5,922
Continuous Unrealized Loss Position of Less Than 12 Months, Unrealized losses	(147)	(50)
Total, Unrealized losses	(147)	(50)
U.S. Government agencies [Member]
Debt Securities, Available-for-sale [Line Items]
Continuous Unrealized Loss Position of Less Than 12 Months, Estimated Fair value	2,994	9,957
Continuous Unrealized Loss Position of 12 Months or More, Estimated Fair value		1,995
Total, Estimated Fair value	2,994	11,952
Continuous Unrealized Loss Position of Less Than 12 Months, Unrealized losses	(6)	(43)
Continuous Unrealized Loss Position of 12 Months or More, Unrealized losses		(5)
Total, Unrealized losses	(6)	(48)
Mortgage-backed securities/CMOs [Member]
Debt Securities, Available-for-sale [Line Items]
Continuous Unrealized Loss Position of Less Than 12 Months, Estimated Fair value	25,205	39,061
Continuous Unrealized Loss Position of 12 Months or More, Estimated Fair value		7,716
Total, Estimated Fair value	25,205	46,777
Continuous Unrealized Loss Position of Less Than 12 Months, Unrealized losses	(202)	(228)
Continuous Unrealized Loss Position of 12 Months or More, Unrealized losses		(86)
Total, Unrealized losses	$ (202)	$ (314)

Loans (Schedule of Composition

Loans (Schedule of Composition of Loan Portfolio by Loan Classification) (Details) - USD ($) $ in Thousands	Jun. 30, 2020	Dec. 31, 2019
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans	$ 632,394	$ 539,533
Less: Allowance for loan losses	(4,917)	(4,209)
Loans, net	627,477	535,324
Commercial and industrial - organic [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans	37,459	38,843
Commercial and industrial - Paycheck Protection Program [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans	84,244
Commercial and industrial - government guaranteed [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans	33,959	35,347
Commercial and industrial - syndicated [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans	6,374	6,398
Commercial Loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans	162,036	80,588
Residential construction [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans	3,208	2,197
Commercial construction [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans	16,010	6,880
Land and land development [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans	7,282	8,063
Real Estate Construction and Land [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans	26,500	17,140
1-4 family residential, first lien, investment [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans	55,180	44,099
1-4 family residential, first lien, owner occupied [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans	16,766	20,671
1-4 family residential, junior lien [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans	2,254	2,520
1-4 family residential - purchased [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans	27,050	33,428
Home equity lines of credit, first lien [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans	9,862	10,268
Home equity lines of credit, junior lien [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans	9,990	9,671
Farm [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans	7,949	8,808
Multifamily [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans	32,330	27,093
Commercial owner occupied [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans	97,267	96,117
Commercial non-owner occupied [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans	121,823	118,561
Real Estate Mortgages [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans	380,471	371,236
Consumer revolving credit [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans	18,435	20,081
Consumer all other credit [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans	4,209	5,741
Student Loans Purchased [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans	40,743	44,747
Consumer Loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans	$ 63,387	$ 70,569

Loans (Narrative) (Details)

Loans (Narrative) (Details) $ in Thousands	3 Months Ended	6 Months Ended	12 Months Ended
	Jun. 30, 2020USD ($)	Jun. 30, 2020USD ($)itemLoan	Dec. 31, 2019USD ($)itemLoan
Loans And Leases Receivable Disclosure [Line Items]
Unamortized premium	$ 2,200	$ 2,200	$ 2,500
Net deferred loan costs (fees)	(2,500)	(2,500)	100
Charged off		$ 581	$ 2,259
Student Loans Purchased [Member]
Loans And Leases Receivable Disclosure [Line Items]
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		2	3
Charged off		$ 7	$ 23
Student Loans Purchased [Member] | Performing [Member]
Loans And Leases Receivable Disclosure [Line Items]
Number of Loans classified as troubled debt restructuring | item		72
Total Troubled Debt Restructurings		$ 1,100
1-4 family residential-purchased [Member]
Loans And Leases Receivable Disclosure [Line Items]
Number of secured loans | Loan		0	0
COVID-19 [Member]
Loans And Leases Receivable Disclosure [Line Items]
Loan deferments approved	56,800	$ 56,800
Loan deferments approved returned to normal payment schedules	17,000	$ 17,000
Percentage of loan deferments approved returned to normal payment schedules		29.90%
COVID-19 [Member] | Minimum [Member]
Loans And Leases Receivable Disclosure [Line Items]
Loan payment deferred period		90 days
COVID-19 [Member] | Maximum [Member]
Loans And Leases Receivable Disclosure [Line Items]
Loan payment deferred period		180 days
Small Business Administration [Member] | Paycheck Protection Program (PPP) Loans [Member]
Loans And Leases Receivable Disclosure [Line Items]
Deferred fees increase		$ 2,600
Amortization period of deferred fees		24 months
Small Business Administration [Member] | COVID-19 [Member] | Paycheck Protection Program (PPP) Loans [Member]
Loans And Leases Receivable Disclosure [Line Items]
Loans of small business administration designed to provide economic relief to small businesses adversely impacted	$ 86,900

Loans (Impaired Loans by Loan C

Loans (Impaired Loans by Loan Classification) (Details) - USD ($) $ in Thousands	6 Months Ended	12 Months Ended
	Jun. 30, 2020	Dec. 31, 2019
Financing Receivable, Impaired [Line Items]
Recorded Investment, without a valuation allowance	$ 978	$ 1,295
Unpaid Principal Balance, without a valuation allowance	1,024	1,340
Average Recorded Investment, without a valuation allowance	1,165	1,112
Interest Income Recognized, without a valuation allowance	26	70
Recorded Investment, total	2,068	2,479
Unpaid Principal Balance, total	2,114	2,524
Associated Allowance, total	7	21
Average Recorded Investment, total	2,275	2,661
Interest Income Recognized, total	63	156
Land and land development [Member]
Financing Receivable, Impaired [Line Items]
Recorded Investment, without a valuation allowance	11	279
Unpaid Principal Balance, without a valuation allowance	57	324
Average Recorded Investment, without a valuation allowance	185	67
Interest Income Recognized, without a valuation allowance		13
1-4 family residential, junior lien [Member]
Financing Receivable, Impaired [Line Items]
Recorded Investment, without a valuation allowance	113	117
Unpaid Principal Balance, without a valuation allowance	113	117
Average Recorded Investment, without a valuation allowance	115	122
Interest Income Recognized, without a valuation allowance	3	6
Commercial non-owner occupied [Member]
Financing Receivable, Impaired [Line Items]
Recorded Investment, without a valuation allowance	854	879
Unpaid Principal Balance, without a valuation allowance	854	879
Average Recorded Investment, without a valuation allowance	865	900
Interest Income Recognized, without a valuation allowance	23	48
Student Loans Purchased [Member]
Financing Receivable, Impaired [Line Items]
Recorded Investment, with a valuation allowance	1,090	1,184
Unpaid Principal Balance, with a valuation allowance	1,090	1,184
Associated Allowance, with a valuation allowance	7	21
Average Recorded Investment, with a valuation allowance	1,110	1,549
Interest Income Recognized, with a valuation allowance	37	86
Impaired loans with a valuation allowance [Member]
Financing Receivable, Impaired [Line Items]
Recorded Investment, with a valuation allowance	1,090	1,184
Unpaid Principal Balance, with a valuation allowance	1,090	1,184
Associated Allowance, with a valuation allowance	7	21
Average Recorded Investment, with a valuation allowance	1,110	1,549
Interest Income Recognized, with a valuation allowance	$ 37	86
1-4 family residential, first lien, owner occupied [Member]
Financing Receivable, Impaired [Line Items]
Average Recorded Investment, without a valuation allowance		20
Interest Income Recognized, without a valuation allowance		2
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

Loans (Non-Accrual Loans by Loa

Loans (Non-Accrual Loans by Loan Classification) (Details) - USD ($) $ in Thousands	Jun. 30, 2020	Dec. 31, 2019
Financing Receivable, Credit Quality Indicator [Line Items]
Total non-accrual loans	$ 11	$ 299
Land and land development [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Total non-accrual loans	$ 11	279
Commercial and industrial - organic [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Total non-accrual loans		$ 20

Loans (Schedule of Troubled Deb

Loans (Schedule of Troubled Debt Restructurings) (Details) $ in Thousands	Jun. 30, 2020USD ($)item	Dec. 31, 2019USD ($)item
Financing Receivable, Credit Quality Indicator [Line Items]
Number of loans | item	75	70
Total Troubled Debt Restructurings | $	$ 2,068	$ 2,193
Performing [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Number of loans | item	74	69
Total Troubled Debt Restructurings | $	$ 2,057	$ 2,180
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 | $	$ 113	$ 117
Performing [Member] | Commercial non-owner occupied [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Number of loans | item	1	1
Total Troubled Debt Restructurings | $	$ 854	$ 879
Performing [Member] | Student Loans Purchased [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Number of loans | item	72	67
Total Troubled Debt Restructurings | $	$ 1,090	$ 1,184
Nonperforming [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Number of loans | item	1	1
Total Troubled Debt Restructurings | $	$ 11	$ 13
Nonperforming [Member] | Land and land development [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Number of loans | item	1	1
Total Troubled Debt Restructurings | $	$ 11	$ 13

Loans (Schedule of Loans Modifi

Loans (Schedule of Loans Modified Under the Terms of a TDR) (Details) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2020USD ($)item	Jun. 30, 2019USD ($)item	Jun. 30, 2020USD ($)item	Jun. 30, 2019USD ($)item
Financing Receivable, Troubled Debt Restructuring [Line Items]
Number of Loans | item	6	10	11	12
Pre-Modification Recorded Balance	$ 49	$ 78	$ 109	$ 133
Post-Modification Recorded Balance	$ 49	$ 78	$ 109	$ 133
Student Loans Purchased [Member]
Financing Receivable, Troubled Debt Restructuring [Line Items]
Number of Loans | item	6	10	11	12
Pre-Modification Recorded Balance	$ 49	$ 78	$ 109	$ 133
Post-Modification Recorded Balance	$ 49	$ 78	$ 109	$ 133

Allowance for Loan Losses (Loan

Allowance for Loan Losses (Loan Portfolio Designated by the Internal Risk Ratings Assigned to Each Credit) (Details) - USD ($) $ in Thousands	Jun. 30, 2020	Dec. 31, 2019
Financing Receivable, Credit Quality Indicator [Line Items]
Loans	$ 632,394	$ 539,533
Commercial and industrial - organic [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Loans	37,459	38,843
Commercial and industrial - Paycheck Protection Program [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Loans	84,244
Commercial and industrial - government guaranteed [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Loans	33,959	35,347
Commercial and industrial - syndicated [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Loans	6,374	6,398
Residential construction [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Loans	3,208	2,197
Commercial construction [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Loans	16,010	6,880
Land and land development [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Loans	7,282	8,063
1-4 family residential, first lien, investment [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Loans	55,180	44,099
1-4 family residential, first lien, owner occupied [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Loans	16,766	20,671
1-4 family residential, junior lien [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Loans	2,254	2,520
1-4 family residential - purchased [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Loans	27,050	33,428
Home equity lines of credit, first lien [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Loans	9,862	10,268
Home equity lines of credit, junior lien [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Loans	9,990	9,671
Farm [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Loans	7,949	8,808
Multifamily [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Loans	32,330	27,093
Commercial owner occupied [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Loans	97,267	96,117
Commercial non-owner occupied [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Loans	121,823	118,561
Consumer revolving credit [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Loans	18,435	20,081
Consumer all other credit [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Loans	4,209	5,741
Student Loans Purchased [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Loans	40,743	44,747
Excellent [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Loans	125,422	42,288
Excellent [Member] | Commercial and industrial - organic [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Loans	5,980	6,463
Excellent [Member] | Commercial and industrial - Paycheck Protection Program [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Loans	84,244
Excellent [Member] | Commercial and industrial - government guaranteed [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Loans	33,959	35,347
Excellent [Member] | Consumer revolving credit [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Loans	839	279
Excellent [Member] | Consumer all other credit [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Loans	400	199
Good [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Loans	37,506	40,664
Good [Member] | Commercial and industrial - organic [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Loans	16,733	16,453
Good [Member] | Consumer revolving credit [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Loans	17,433	19,176
Good [Member] | Consumer all other credit [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Loans	3,340	5,035
Pass [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Loans	447,095	430,445
Pass [Member] | Commercial and industrial - organic [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Loans	14,182	14,257
Pass [Member] | Commercial and industrial - syndicated [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Loans	6,374	6,398
Pass [Member] | Residential construction [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Loans	3,208	2,197
Pass [Member] | Commercial construction [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Loans	16,010	6,880
Pass [Member] | Land and land development [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Loans	7,059	7,563
Pass [Member] | 1-4 family residential, first lien, investment [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Loans	52,114	39,641
Pass [Member] | 1-4 family residential, first lien, owner occupied [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Loans	14,979	19,578
Pass [Member] | 1-4 family residential, junior lien [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Loans	1,805	2,029
Pass [Member] | 1-4 family residential - purchased [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Loans	27,050	33,428
Pass [Member] | Home equity lines of credit, first lien [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Loans	9,862	9,591
Pass [Member] | Home equity lines of credit, junior lien [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Loans	9,824	9,357
Pass [Member] | Farm [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Loans	6,366	6,149
Pass [Member] | Multifamily [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Loans	31,934	26,690
Pass [Member] | Commercial owner occupied [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Loans	86,895	86,884
Pass [Member] | Commercial non-owner occupied [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Loans	119,431	116,092
Pass [Member] | Consumer revolving credit [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Loans	160	606
Pass [Member] | Consumer all other credit [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Loans	468	507
Pass [Member] | Student Loans Purchased [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Loans	39,374	42,598
Watch [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Loans	13,222	17,714
Watch [Member] | Commercial and industrial - organic [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Loans	224	1,493
Watch [Member] | Land and land development [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Loans	200	207
Watch [Member] | 1-4 family residential, first lien, investment [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Loans	2,702	4,076
Watch [Member] | 1-4 family residential, first lien, owner occupied [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Loans	1,022	1,040
Watch [Member] | 1-4 family residential, junior lien [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Loans	31	33
Watch [Member] | Home equity lines of credit, first lien [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Loans		677
Watch [Member] | Home equity lines of credit, junior lien [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Loans	84	232
Watch [Member] | Farm [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Loans	307	318
Watch [Member] | Multifamily [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Loans	396	403
Watch [Member] | Commercial owner occupied [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Loans	5,533	5,928
Watch [Member] | Commercial non-owner occupied [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Loans	1,510	1,558
Watch [Member] | Consumer revolving credit [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Loans		20
Watch [Member] | Student Loans Purchased [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Loans	1,213	1,729
Special Mention [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Loans	79	1,942
Special Mention [Member] | Commercial and industrial - organic [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Loans		37
Special Mention [Member] | 1-4 family residential, junior lien [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Loans	15	17
Special Mention [Member] | Commercial owner occupied [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Loans		1,677
Special Mention [Member] | Student Loans Purchased [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Loans	64	211
Substandard [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Loans	9,070	6,480
Substandard [Member] | Commercial and industrial - organic [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Loans	340	140
Substandard [Member] | Land and land development [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Loans	23	293
Substandard [Member] | 1-4 family residential, first lien, investment [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Loans	364	382
Substandard [Member] | 1-4 family residential, first lien, owner occupied [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Loans	765	53
Substandard [Member] | 1-4 family residential, junior lien [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Loans	403	441
Substandard [Member] | Home equity lines of credit, junior lien [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Loans	82	82
Substandard [Member] | Farm [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Loans	1,276	2,341
Substandard [Member] | Commercial owner occupied [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Loans	4,839	1,628
Substandard [Member] | Commercial non-owner occupied [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Loans	882	911
Substandard [Member] | Consumer revolving credit [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Loans	3
Substandard [Member] | Consumer all other credit [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Loans	1
Substandard [Member] | Student Loans Purchased [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Loans	$ 92	$ 209

Allowance for Loan Losses (Narr

Allowance for Loan Losses (Narrative) (Details) - USD ($) $ in Thousands	Jun. 30, 2020	Dec. 31, 2019
Allowance For Loan Losses [Abstract]
Impaired loans	$ 2,068	$ 2,479
Individually evaluated for impairment	$ 7	$ 21

Allowance for Loan Losses (Summ

Allowance for Loan Losses (Summary of Transactions in Allowance for Loan Losses by Loan Portfolio Segment) (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended		12 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019	Dec. 31, 2019
Allowance for Loan Losses:
Beginning Balance			$ 4,209	$ 4,891	$ 4,891
Charge-offs			(581)		(2,259)
Recoveries			146		202
Provision for (recovery of) loan losses	$ 378	$ (64)	1,143	620	1,375
Ending Balance	4,917		4,917		4,209
Ending balance: Individually evaluated for impairment	7		7		21
Ending balance: Collectively evaluated for impairment	4,910		4,910		4,188
Loans:
Individually evaluated for impairment	2,068		2,068		2,479
Collectively evaluated for impairment	630,326		630,326		537,054
Ending Balance	632,394		632,394		539,533
Commercial Loans [Member]
Allowance for Loan Losses:
Beginning Balance			302	811	811
Charge-offs					(482)
Recoveries			19		51
Provision for (recovery of) loan losses			(59)		(78)
Ending Balance	262		262		302
Ending balance: Collectively evaluated for impairment	262		262		302
Loans:
Individually evaluated for impairment					20
Collectively evaluated for impairment	162,036		162,036		80,568
Ending Balance	162,036		162,036		80,588
Real Estate Construction and Land [Member]
Allowance for Loan Losses:
Beginning Balance			109	119	119
Recoveries					1
Provision for (recovery of) loan losses			96		(11)
Ending Balance	205		205		109
Ending balance: Collectively evaluated for impairment	205		205		109
Loans:
Individually evaluated for impairment	11		11		279
Collectively evaluated for impairment	26,489		26,489		16,861
Ending Balance	26,500		26,500		17,140
Real Estate Mortgages [Member]
Allowance for Loan Losses:
Beginning Balance			2,684	2,611	2,611
Recoveries					14
Provision for (recovery of) loan losses			691		59
Ending Balance	3,375		3,375		2,684
Ending balance: Collectively evaluated for impairment	3,375		3,375		2,684
Loans:
Individually evaluated for impairment	967		967		996
Collectively evaluated for impairment	379,504		379,504		370,240
Ending Balance	380,471		380,471		371,236
Consumer Loans [Member]
Allowance for Loan Losses:
Beginning Balance			1,114	$ 1,350	1,350
Charge-offs			(581)		(1,777)
Recoveries			127		136
Provision for (recovery of) loan losses			415		1,405
Ending Balance	1,075		1,075		1,114
Ending balance: Individually evaluated for impairment	7		7		21
Ending balance: Collectively evaluated for impairment	1,068		1,068		1,093
Loans:
Individually evaluated for impairment	1,090		1,090		1,184
Collectively evaluated for impairment	62,297		62,297		69,385
Ending Balance	$ 63,387		$ 63,387		$ 70,569

Allowance for Loan Losses (Sche

Allowance for Loan Losses (Schedule of Aging of Past Due Loans) (Details) - USD ($) $ in Thousands	Jun. 30, 2020	Dec. 31, 2019
Past Due and Non-Accrual Loans
Total Past Due	$ 2,827	$ 3,610
Current	629,567	535,923
Total Loans	632,394	539,533
90 Days Past Due and Still Accruing	1,077	771
30-59 Days Past Due [Member]
Past Due and Non-Accrual Loans
Total Past Due	168	2,054
60-89 Days Past Due [Member]
Past Due and Non-Accrual Loans
Total Past Due	1,582	519
90 Days or More Past Due [Member]
Past Due and Non-Accrual Loans
Total Past Due	1,077	1,037
Commercial and industrial - organic [Member]
Past Due and Non-Accrual Loans
Total Past Due	466	624
Current	36,993	38,219
Total Loans	37,459	38,843
Commercial and industrial - organic [Member] | 30-59 Days Past Due [Member]
Past Due and Non-Accrual Loans
Total Past Due	45	604
Commercial and industrial - organic [Member] | 60-89 Days Past Due [Member]
Past Due and Non-Accrual Loans
Total Past Due	421	20
Commercial and industrial - Paycheck Protection Program [Member]
Past Due and Non-Accrual Loans
Current	84,244
Total Loans	84,244
Commercial and industrial - government guaranteed [Member]
Past Due and Non-Accrual Loans
Total Past Due	548	548
Current	33,411	34,799
Total Loans	33,959	35,347
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	6,374	6,398
Total Loans	6,374	6,398
Residential construction [Member]
Past Due and Non-Accrual Loans
Current	3,208	2,197
Total Loans	3,208	2,197
Commercial construction [Member]
Past Due and Non-Accrual Loans
Current	16,010	6,880
Total Loans	16,010	6,880
Land and land development [Member]
Past Due and Non-Accrual Loans
Total Past Due	12	281
Current	7,270	7,782
Total Loans	7,282	8,063
90 Days Past Due and Still Accruing		14
Land and land development [Member] | 30-59 Days Past Due [Member]
Past Due and Non-Accrual Loans
Total Past Due		1
Land and land development [Member] | 60-89 Days Past Due [Member]
Past Due and Non-Accrual Loans
Total Past Due	12
Land and land development [Member] | 90 Days or More Past Due [Member]
Past Due and Non-Accrual Loans
Total Past Due		280
1-4 family residential, first lien, investment [Member]
Past Due and Non-Accrual Loans
Total Past Due	681	188
Current	54,499	43,911
Total Loans	55,180	44,099
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, investment [Member] | 60-89 Days Past Due [Member]
Past Due and Non-Accrual Loans
Total Past Due	681
1-4 family residential, first lien, owner occupied [Member]
Past Due and Non-Accrual Loans
Total Past Due		123
Current	16,766	20,548
Total Loans	16,766	20,671
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	2,254	2,520
Total Loans	2,254	2,520
1-4 family residential - purchased [Member]
Past Due and Non-Accrual Loans
Total Past Due	821	659
Current	26,229	32,769
Total Loans	27,050	33,428
90 Days Past Due and Still Accruing	437
1-4 family residential - purchased [Member] | 30-59 Days Past Due [Member]
Past Due and Non-Accrual Loans
Total Past Due		501
1-4 family residential - purchased [Member] | 60-89 Days Past Due [Member]
Past Due and Non-Accrual Loans
Total Past Due	384	158
1-4 family residential - purchased [Member] | 90 Days or More Past Due [Member]
Past Due and Non-Accrual Loans
Total Past Due	437
Home equity lines of credit, first lien [Member]
Past Due and Non-Accrual Loans
Current	9,862	10,268
Total Loans	9,862	10,268
Home equity lines of credit, junior lien [Member]
Past Due and Non-Accrual Loans
Current	9,990	9,671
Total Loans	9,990	9,671
Farm [Member]
Past Due and Non-Accrual Loans
Current	7,949	8,808
Total Loans	7,949	8,808
Multifamily [Member]
Past Due and Non-Accrual Loans
Current	32,330	27,093
Total Loans	32,330	27,093
Commercial owner occupied [Member]
Past Due and Non-Accrual Loans
Current	97,267	96,117
Total Loans	97,267	96,117
Commercial non-owner occupied [Member]
Past Due and Non-Accrual Loans
Total Past Due		0
Current	121,823	118,561
Total Loans	121,823	118,561
Commercial non-owner occupied [Member] | 30-59 Days Past Due [Member]
Past Due and Non-Accrual Loans
Total Past Due		0
Consumer revolving credit [Member]
Past Due and Non-Accrual Loans
Total Past Due	20	20
Current	18,415	20,061
Total Loans	18,435	20,081
Consumer revolving credit [Member] | 30-59 Days Past Due [Member]
Past Due and Non-Accrual Loans
Total Past Due		20
Consumer revolving credit [Member] | 60-89 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
Current	4,209	5,698
Total Loans	4,209	5,741
Consumer all other credit [Member] | 30-59 Days Past Due [Member]
Past Due and Non-Accrual Loans
Total Past Due		43
Consumer all other credit [Member] | 60-89 Days Past Due [Member]
Past Due and Non-Accrual Loans
Total Past Due		0
Student Loans Purchased [Member]
Past Due and Non-Accrual Loans
Total Past Due	279	1,124
Current	40,464	43,623
Total Loans	40,743	44,747
90 Days Past Due and Still Accruing	92	209
Student Loans Purchased [Member] | 30-59 Days Past Due [Member]
Past Due and Non-Accrual Loans
Total Past Due	123	697
Student Loans Purchased [Member] | 60-89 Days Past Due [Member]
Past Due and Non-Accrual Loans
Total Past Due	64	218
Student Loans Purchased [Member] | 90 Days or More Past Due [Member]
Past Due and Non-Accrual Loans
Total Past Due	$ 92	$ 209

Net Income Per Share (Narrative

Net Income Per Share (Narrative) (Details) - $ / shares	Jun. 13, 2019	May 21, 2014	Jun. 30, 2020	Jun. 30, 2019
Earnings Per Share [Line Items]
Dividends payable date declared	Jun. 13, 2019
Common stock dividends percentage	5.00%	5.00%	5.00%
Common stock dividend declared per share	$ 0.05
Dividends payable date to be paid	Jul. 5, 2019
Dividends payable date of record	Jun. 26, 2019
Equity Option [Member]
Earnings Per Share [Line Items]
Securities considered to be anti-dilutive and excluded from earnings per share calculation			104,301	66,308

Net Income Per Share (Schedule

Net Income Per Share (Schedule of Weighted Average Number of Shares) (Details) - USD ($) $ / shares in Units, $ in Thousands		3 Months Ended				6 Months Ended
		Jun. 30, 2020	Mar. 31, 2020	Jun. 30, 2019	Mar. 31, 2019	Jun. 30, 2020	Jun. 30, 2019
Basic net income per share
Net Income		$ 2,088	$ 1,404	$ 2,115	$ 1,246	$ 3,492	$ 3,361
Weighted Average Shares	[1]	2,710,019		2,688,005		2,701,411	2,683,122
Per Share Amount	[1]	$ 0.77		$ 0.79		$ 1.29	$ 1.25
Effect of dilutive stock options		998		960		900	4,269
Diluted net income per share
Net Income		$ 2,088	$ 1,404	$ 2,115	$ 1,246	$ 3,492	$ 3,361
Weighted Average Shares	[1]	2,711,017		2,688,965		2,702,311	2,687,391
Per Share Amount	[1]	$ 0.77		$ 0.79		$ 1.29	$ 1.25
[1]	Share data has been retroactively adjusted to reflect the 5% stock dividend effective July 5, 2019.

Stock Incentive Plans (Plan dur

Stock Incentive Plans (Plan duration - Narrative) (Details) - USD ($)

Jun. 13, 2019

Feb. 20, 2019

May 21, 2014

May 31, 2020

Apr. 30, 2020

Mar. 31, 2020

Sep. 30, 2019

Jun. 30, 2020

Jun. 30, 2019

Jun. 30, 2020

Jun. 30, 2019

Dec. 31, 2019

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

Common stock dividends percentage

5.00%

5.00%

5.00%

Stock grant expense, restricted

$ 54,000

Employee Stock Option [Member]

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

Compensation expense

58,000

$ 47,000

Unrecognized compensation expense related to the non-vested awards

$ 377,000

$ 377,000

Unrecognized compensation expense related to the non-vested awards, final year of recognition

2025

Option Issued

0

420

26,000

420

Unrestricted Stock [Member]

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

Compensation expense

$ 212,000

Stock grants awarded

0

Market price

$ 38.65

Compensation expense

$ 424,000

Unrestricted Stock [Member] | Non-Employee Directors [Member]

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

Common stock dividends percentage

5.00%

Stock grants awarded

11,535

Unrestricted Stock [Member] | Certain Members of Executive Management [Member]

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

Common stock dividends percentage

5.00%

Stock grants awarded

11,535

Restricted Stock [Member]

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

Unrecognized compensation expense related to the non-vested awards

$ 643,000

$ 0

$ 643,000

$ 0

Unrecognized compensation expense related to the non-vested awards, final year of recognition

2025

Stock grants awarded

22,268

Stock grant expense, restricted

$ 39,000

$ 0

$ 54,000

$ 0

Restricted Stock [Member] | Non-Employee Directors [Member]

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

Stock grants awarded

10,368

Vesting period

4 years

Restricted Stock [Member] | Certain Members of Executive Management [Member]

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

Stock grants awarded

10,000

4,000

0

Vesting period

4 years

4 years

Restricted Stock [Member] | Lenders [Member]

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

Stock grants awarded

1,900

Vesting period

5 years

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

275,625

Common stock available for grant

115,775

115,775

2005 Stock Plan [Member]

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

Common stock authorized for issuance

253,575

253,575

Common stock available for grant

0

0

0

Stock Incentive Plans (Summary

Stock Incentive Plans (Summary of Shares Issued and Available Under Each Plans) (Details) - $ / shares	6 Months Ended
	Jun. 30, 2020	May 21, 2014
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	(59,870)
Cancelled due to Plan expiration	(193,705)
Remaining available for grant	0	0
Total vested and unvested shares	1,379
Fully vested shares	1,379
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] | Minimum [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Exercise price per share	$ 13.69
2005 Stock Plan [Member] | Maximum [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Exercise price per share	$ 13.69
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	(122,047)
Cancelled due to Plan expiration	0
Remaining available for grant	115,775
Total vested and unvested shares	105,404
Fully vested shares	13,722
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	(26,268)
2014 Stock Plan [Member] | Minimum [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Exercise price per share	$ 26
2014 Stock Plan [Member] | Maximum [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Exercise price per share	$ 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	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Number of Options
Outstanding, at the beginning			80,783
Issued	0	420	26,000	420
Outstanding, at the end	106,783		106,783
Options Exercisable	28,356		28,356
Weighted Average Exercise Price
Outstanding, at the beginning			$ 40.76
Issued			26
Outstanding, at the end	$ 37.17		37.17
Exercisable	$ 40.53		$ 40.53
Aggregate Intrinsic Value
Outstanding, Aggregate Intrinsic Value	$ 16		$ 16
Exercisable	$ 16		$ 16

Stock Incentive Plans (Summar_2

Stock Incentive Plans (Summary Information Pertaining to Options Outstanding) (Details)	6 Months Ended
	Jun. 30, 2020$ / sharesshares
Share-based Payment Arrangement, Option, Exercise Price Range [Line Items]
Expected volatility	24.33%
Expected dividends	4.75%
Expected term (in years)	6 years 6 months
Risk-free rate	0.72%
Options Outstanding | shares	106,783
Weighted-Average Remaining Contractual Life	8 years 4 months 24 days
Weighted Average Exercise Price	$ 37.17
Options Exercisable | shares	28,356
Weighted-Average Exercise Price	$ 40.53
$10.65 to 20.00 [Member]
Share-based Payment Arrangement, Option, Exercise Price Range [Line Items]
Exercise Price, Minimum	10.65
Exercise Price, Maximum	$ 20
Options Outstanding | shares	1,379
Weighted-Average Remaining Contractual Life	2 years 7 months 6 days
Weighted Average Exercise Price	$ 13.69
Options Exercisable | shares	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 | shares	27,103
Weighted-Average Remaining Contractual Life	9 years 7 months 6 days
Weighted Average Exercise Price	$ 26.06
Options Exercisable | shares	551
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 | shares	20,820
Weighted-Average Remaining Contractual Life	8 years 8 months 12 days
Weighted Average Exercise Price	$ 38.14
Options Exercisable | shares	3,444
Weighted-Average Exercise Price	$ 39.44
$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 | shares	57,481
Weighted-Average Remaining Contractual Life	7 years 10 months 24 days
Weighted Average Exercise Price	$ 42.62
Options Exercisable | shares	22,982
Weighted-Average Exercise Price	$ 42.62

Stock Incentive Plans (Change_2

Stock Incentive Plans (Changes in the Restricted Stock Grants Outstanding) (Details) - Restricted Stock [Member] $ / shares in Units, $ in Thousands	6 Months Ended
	Jun. 30, 2020USD ($)$ / sharesshares
Number of Shares/Options
Non-vested Outstanding, at the beginning | shares	4,000
Issued | shares	22,268
Non-vested Outstanding, at the end | shares	26,268
Weighted Average Grant Date Fair Value Per Share/Exercise Price
Non-vested Outstanding, at the beginning | $ / shares	$ 36
Issued | $ / shares	25.34
Non-vested Outstanding, at the end | $ / shares	$ 28.78
Aggregate Intrinsic Value
Non-vested Outstanding, at the beginning | $	$ 101
Issued | $	562
Non-vested Outstanding, Aggregate Intrinsic Value | $	$ 663

Fair Value Measurements (Assets

Fair Value Measurements (Assets Measured at Fair Value on Recurring Basis) (Details) - Fair Value, Recurring [Member] - USD ($) $ in Thousands	Jun. 30, 2020	Dec. 31, 2019
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets measured at fair value	$ 102,772	$ 114,041
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	35,333	19,888
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	102,772	114,041
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	35,333	19,888
U.S. Government agencies [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets measured at fair value	9,037	14,952
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	9,037	14,952
Mortgage-backed securities/CMOs [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets measured at fair value	58,402	71,732
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	$ 58,402	$ 71,732

Fair Value Measurements (Narrat

Fair Value Measurements (Narrative) (Details) $ in Thousands	Jun. 30, 2020USD ($)Property	Dec. 31, 2019USD ($)Property
Fair Value Disclosures [Abstract]
Number of other real estate owned properties | Property	0	0
Recorded Investment, total | $	$ 2,068	$ 2,479

Fair Value Measurements (Carryi

Fair Value Measurements (Carrying Values and Estimated Fair Values of Financial Instruments) (Details) - Fair Value, Nonrecurring [Member] - USD ($) $ in Thousands	Jun. 30, 2020	Dec. 31, 2019
Carrying Value [Member]
Assets
Cash and cash equivalent	$ 34,887	$ 19,085
Available for sale securities	102,772	114,041
Loans, net	624,477	535,324
Bank owned life insurance	16,628	16,412
Accrued interest receivable	2,548	2,240
Liabilities
Demand deposits and interest-bearing transaction and money market, and savings accounts	617,602	511,933
Certificates of deposit and other time deposits	96,599	109,278
Accrued interest payable	208	295
Fair Value [Member]
Assets
Cash and cash equivalent	34,887	19,085
Available for sale securities	102,772	114,041
Loans, net	615,070	523,507
Bank owned life insurance	16,628	16,412
Accrued interest receivable	2,548	2,240
Liabilities
Demand deposits and interest-bearing transaction and money market, and savings accounts	617,602	511,933
Certificates of deposit and other time deposits	97,646	109,848
Accrued interest payable	208	295
Fair Value [Member] | Quoted Prices in Active Markets for Identical Assets (Level 1) [Member]
Assets
Cash and cash equivalent	34,887	19,085
Fair Value [Member] | Significant Other Observable Inputs (Level 2) [Member]
Assets
Available for sale securities	102,772	114,041
Bank owned life insurance	16,628	16,412
Accrued interest receivable	336	385
Liabilities
Demand deposits and interest-bearing transaction and money market, and savings accounts	617,602	511,933
Certificates of deposit and other time deposits	97,646	109,848
Accrued interest payable	208	295
Fair Value [Member] | Significant Unobservable Inputs (Level 3) [Member]
Assets
Loans, net	615,070	523,507
Accrued interest receivable	$ 2,212	$ 1,855

Other Comprehensive Income (Sch

Other Comprehensive Income (Schedule of Amounts Reclassified Out of Accumulated Other Comprehensive Income (Loss)) (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Available-for-sale securities
Realized gains on sales of securities	$ 590	$ 64	$ 643	$ 64
Tax effect	(124)	(13)	(135)	(13)
Realized gains, net of tax	$ 466	$ 51	$ 508	$ 51

Segment Reporting (Narrative) (

Segment Reporting (Narrative) (Details) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2020USD ($)	Jun. 30, 2019USD ($)	Jun. 30, 2020USD ($)item	Jun. 30, 2019USD ($)
Segment Reporting Information [Line Items]
Number of reportable segments | item			4
VNB Wealth [Member]
Segment Reporting Information [Line Items]
Management fees | $	$ 25	$ 25	$ 50	$ 50

Segment Reporting (Schedule of

Segment Reporting (Schedule of Segment Reporting Information) (Details) - USD ($) $ in Thousands	3 Months Ended				6 Months Ended		12 Months Ended
	Jun. 30, 2020	Mar. 31, 2020	Jun. 30, 2019	Mar. 31, 2019	Jun. 30, 2020	Jun. 30, 2019	Dec. 31, 2019
Segment Reporting Information [Line Items]
Net interest income	$ 5,755		$ 5,461		$ 11,130	$ 11,029
Provision for (recovery of) loan losses	378		(64)		1,143	620	$ 1,375
Noninterest income	1,626		1,700		3,295	2,759
Noninterest expense	4,404		4,685		8,947	9,096
Income (loss) before income taxes	2,599		2,540		4,335	4,072
Provision for income taxes	511		425		843	711
Net income	2,088	$ 1,404	2,115	$ 1,246	3,492	3,361
Bank [Member]
Segment Reporting Information [Line Items]
Net interest income	5,755		5,461		11,130	11,029
Provision for (recovery of) loan losses	378		(64)		1,143	620
Noninterest income	1,211		1,137		2,346	1,710
Noninterest expense	3,811		4,073		7,774	7,872
Income (loss) before income taxes	2,777		2,589		4,559	4,247
Provision for income taxes	547		435		889	747
Net income	2,230		2,154		3,670	3,500
Sturman Wealth Advisors [Member]
Segment Reporting Information [Line Items]
Noninterest income	162		156		340	292
Noninterest expense	154		147		328	283
Income (loss) before income taxes	8		9		12	9
Provision for income taxes	2		2		3	2
Net income	6		7		9	7
VNB Trust & Estate Services [Member]
Segment Reporting Information [Line Items]
Noninterest income	175		348		433	694
Noninterest expense	234		303		472	610
Income (loss) before income taxes	(59)		45		(39)	84
Provision for income taxes	(12)		10		(8)	18
Net income	(47)		35		(31)	66
Masonry Capital [Member]
Segment Reporting Information [Line Items]
Noninterest income	78		59		176	63
Noninterest expense	205		162		373	331
Income (loss) before income taxes	(127)		(103)		(197)	(268)
Provision for income taxes	(26)		(22)		(41)	(56)
Net income	$ (101)		$ (81)		$ (156)	$ (212)

Leases (Schedule of Operating L

Leases (Schedule of Operating Lease Liability) (Details) $ in Thousands	Jun. 30, 2020USD ($)
Leases [Abstract]
Lease liability	$ 3,966
Right-of-use asset	$ 3,923
Weighted average remaining lease term	5 years 6 months 18 days
Weighted average discount rate	2.56%

Leases (Schedule of Operating_2

Leases (Schedule of Operating Lease Expense) (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Leases [Abstract]
Operating lease expense	$ 204	$ 204	$ 408	$ 408
Short-term lease expense	29	37	57	73
Total lease expense	233	241	465	481
Cash paid for amounts included in lease liabilities	$ 199	$ 197	$ 398	$ 393

Leases (Schedule of Operating_3

Leases (Schedule of Operating Lease Liabilities And Reconciliation of Undiscounted Cash Flows) (Details) $ in Thousands	Jun. 30, 2020USD ($)
Commitments And Contingencies Disclosure [Abstract]
Six months ending December 31, 2020	$ 426
Twelve months ending December 31, 2021	877
Twelve months ending December 31, 2022	839
Twelve months ending December 31, 2023	753
Twelve months ending December 31, 2024	544
Twelve months ending December 31, 2025	469
Thereafter	372
Total undiscounted cash flows	4,280
Less: Discount	(314)
Lease liability	$ 3,966