Avenue Financial 10-Q 13 Nov 15 2015 Q3 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	9 Months Ended
	Sep. 30, 2015	Nov. 09, 2015
Document And Entity Information [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Sep. 30, 2015
Document Fiscal Year Focus	2,015
Document Fiscal Period Focus	Q3
Trading Symbol	AVNU
Entity Registrant Name	AVENUE FINANCIAL HOLDINGS, INC.
Entity Central Index Key	1,616,297
Current Fiscal Year End Date	--12-31
Entity Filer Category	Non-accelerated Filer
Entity Common Stock, Shares Outstanding		10,302,009

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets (unaudited) - USD ($)	Sep. 30, 2015	Dec. 31, 2014
Assets
Cash and due from banks	$ 21,308,316	$ 17,765,493
Federal funds sold	2,333,803
Cash and cash equivalents	23,642,119	17,765,493
Interest-bearing time deposits in banks	215,610	210,754
Securities available-for-sale, at fair value	210,010,981	220,461,939
Securities held-to-maturity (fair value of $4,938,566 and $2,837,721 as of September 30, 2015 and December 31, 2014, respectively)	4,862,285	2,716,908
Mortgage loans held-for-sale	18,389,280	27,237,457
Loans, net of deferred fees	812,059,281	693,907,951
Less allowance for loan losses	(9,631,617)	(8,517,744)
Net loans	802,427,664	685,390,207
Accrued interest receivable	2,647,542	2,389,997
Federal Home Loan Bank stock, at cost	3,320,400	2,924,400
Premises and equipment, net	3,310,784	3,280,186
Other real estate owned	992,001	3,375,811
Deferred tax assets	7,994,832	7,377,355
Cash surrender value of company owned life insurance	25,553,529	20,035,752
Goodwill	2,966,063	2,966,063
Other assets	1,878,003	2,234,676
Total assets	1,108,211,093	998,366,998
Deposits:
Noninterest-bearing demand deposits	226,049,032	170,647,052
Interest-bearing demand deposits	60,386,697	55,652,417
Savings and money market accounts	451,836,452	415,779,182
Time	162,487,542	161,092,912
Total deposits	900,759,723	803,171,563
Accrued interest payable	544,094	169,913
Federal funds purchased		4,485,093
Federal Home Loan Bank advances	85,300,000	70,300,000
Subordinated debt	19,606,227	19,577,295
Other liabilities	8,675,930	9,047,027
Total liabilities	$ 1,014,885,974	$ 906,750,891
Commitments and Contingent Liabilities
Stockholders’ equity:
Common Stock, no par value. Authorized 100,000,000 shares: issued and outstanding 10,300,172 and 8,636,682 shares at September 30, 2015 and December 31, 2014, respectively	$ 90,105,473	$ 75,407,157
Additional paid-in-capital	1,742,083	1,325,445
Accumulated profit (deficit)	3,223,301	(1,581,649)
Accumulated other comprehensive loss	(1,745,738)	(2,484,846)
Total stockholders’ equity	93,325,119	91,616,107
Total liabilities and stockholders’ equity	$ 1,108,211,093	998,366,998
Series C Senior Noncumulative Perpetual Preferred Stock
Stockholders’ equity:
Preferred Stock, no par value; 10,000,000 shares authorized, Series C, senior noncumulative perpetual preferred stock; 0 and 18,950 issued and outstanding at September 30, 2015 and December 31, 2014, respectively		$ 18,950,000

Condensed Consolidated Balance3

Condensed Consolidated Balance Sheets (Parenthetical) (unaudited) - USD ($)	Sep. 30, 2015	Dec. 31, 2014
Held-to-maturity securities, fair value	$ 4,938,566	$ 2,837,721
Common stock, no par value
Common stock, shares authorized	100,000,000	100,000,000
Common stock, shares issued	10,300,172	8,636,682
Common stock, shares outstanding	10,300,172	8,636,682
Series C Senior Noncumulative Perpetual Preferred Stock
Preferred stock, no par value
Preferred stock, shares authorized	10,000,000	10,000,000
Preferred stock, shares issued	0	18,950
Preferred stock, shares outstanding	0	18,950

Condensed Consolidated Statemen

Condensed Consolidated Statements of Income (unaudited) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Interest and dividend income:
Loans, including fees	$ 8,669,585	$ 7,326,129	$ 24,548,507	$ 20,826,144
Taxable securities	907,043	924,639	2,739,302	2,942,420
Tax-exempt securities	258,859	187,503	704,068	669,317
Federal Funds sold and other	33,647	29,841	94,535	87,613
Total interest and dividend income	9,869,134	8,468,112	28,086,412	24,525,494
Interest expense:
Deposits	855,422	782,904	2,390,001	2,325,655
Subordinated debt	348,143		1,044,428
Other borrowings	160,908	151,837	495,500	505,002
Total interest expense	1,364,473	934,741	3,929,929	2,830,657
Net interest income	8,504,661	7,533,371	24,156,483	21,694,837
Provision (credit) for loan losses	613,705	(222,024)	1,622,338	1,186,916
Net interest income after provision (credit) for loan losses	7,890,956	7,755,395	22,534,145	20,507,921
Noninterest income:
Customer service fees	721,473	604,095	2,135,388	1,813,804
Mortgage banking income from sales, net of commissions	503,533	327,275	1,125,932	566,629
Increase in cash surrender value of life insurance	190,856	120,908	517,776	362,206
Net gain on sales of bulk mortgage loans	314,096	409,896	866,385	409,896
Net gain of sale of Small Business Administration loans		441,789		441,789
Net gain on sale of available-for-sale securities	19,247		234,447	11,917
Total noninterest income	1,749,205	1,903,963	4,879,928	3,606,241
Noninterest expenses:
Salaries and employee benefits	4,118,021	3,543,388	12,033,108	10,399,376
Equipment and occupancy	818,517	827,692	2,472,222	2,583,453
Data processing	414,196	356,692	1,218,911	1,039,308
Advertising, promotion, and public relations	166,531	148,648	547,414	444,733
Legal and accounting	460,651	250,131	1,143,933	655,218
FDIC insurance and other regulatory assessments	195,381	190,125	613,503	553,907
Other real estate income	(12,228)	(35,043)	(29,904)	(18,956)
Other expenses	843,210	839,987	2,302,493	2,171,752
Total noninterest expenses	7,004,279	6,121,620	20,301,680	17,828,791
Income before taxes	2,635,882	3,537,738	7,112,393	6,285,371
Income tax expense	841,441	1,122,393	2,275,333	1,964,968
Net income	1,794,441	2,415,345	4,837,060	4,320,403
Preferred stock dividends		(47,375)	(32,110)	(142,125)
Net income available to common stockholders	$ 1,794,441	$ 2,367,970	$ 4,804,950	$ 4,178,278
Per share information:
Basic net income per common share available to common stockholders	$ 0.18	$ 0.28	$ 0.49	$ 0.49
Diluted net income per common share available to common stockholders	$ 0.18	$ 0.28	$ 0.48	$ 0.49
Weighted average common shares outstanding:
Basic	10,078,172	8,487,516	9,823,554	8,485,195
Diluted	10,197,416	8,528,926	9,932,347	8,526,605

Condensed Consolidated Stateme5

Condensed Consolidated Statements of Comprehensive Income (Loss) (unaudited) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Statement Of Income And Comprehensive Income [Abstract]
Net income	$ 1,794,441	$ 2,415,345	$ 4,837,060	$ 4,320,403
Other comprehensive income (loss), after tax:
Unrealized appreciation (depreciation) for the period on available- for-sale securities	2,140,960	(643,863)	1,567,946	4,047,279
Tax (expense) benefit	(727,926)	218,913	(533,102)	(1,376,075)
Change in net gains (losses) on securities available-for-sale	1,413,034	(424,950)	1,034,844	2,671,204
Change in fair value of derivative instruments for the period	204,287	(5,852)	(320,282)	(94,546)
Tax (expense) benefit	(78,221)	2,241	122,636	36,202
Change in cash flow hedge	126,066	(3,611)	(197,646)	(58,344)
Gross termination of cash flow hedge			(393,400)
Tax benefit			150,633
Termination of cash flow hedge			(242,767)
Gain on sale of available-for-sale securities	19,247		234,447	11,917
Tax expense	(7,370)		(89,770)	(4,563)
Net gains on sale of investment securities reclassified out of other comprehensive income	11,877		144,677	7,354
Total other comprehensive income (loss), after tax	1,550,977	(428,561)	739,108	2,620,214
Comprehensive income	$ 3,345,418	$ 1,986,784	$ 5,576,168	$ 6,940,617

Condensed Consolidated Stateme6

Condensed Consolidated Statements of Changes In Stockholders' Equity (unaudited) - USD ($)	Total	Preferred Stock	Common Stock	Additional paid-in-capital	Accumulated profit (deficit)	Accumulated other comprehensive income (loss)
Balances at Dec. 31, 2013	$ 82,417,668	$ 18,950,000	$ 75,407,157	$ 783,499	$ (7,004,696)	$ (5,718,292)
Balances (Shares) at Dec. 31, 2013		18,950	8,567,912
Stock based compensation Expense	444,224			444,224
Preferred stock dividends	(142,125)				(142,125)
Issuance of restricted shares, net of forfeitures (Shares)			70,989
Restricted shares withheld for taxes	(45,165)			(45,165)
Restricted shares withheld for taxes (Shares)			(5,313)
Net income	4,320,403				4,320,403
Other comprehensive Income	2,620,214					2,620,214
Balances at Sep. 30, 2014	89,615,219	$ 18,950,000	$ 75,407,157	1,182,558	(2,826,418)	(3,098,078)
Balances (Shares) at Sep. 30, 2014		18,950	8,633,588
Balances at Dec. 31, 2014	91,616,107	$ 18,950,000	$ 75,407,157	1,325,445	(1,581,649)	(2,484,846)
Balances (Shares) at Dec. 31, 2014		18,950	8,636,682
Stock based compensation Expense	490,643			490,643
Preferred stock dividends	(32,110)				(32,110)
Issuance of common stock	14,698,316		$ 14,698,316
Issuance of common stock (Shares)			1,570,711
Redemption of preferred stock	(18,950,000)	$ (18,950,000)
Redemption of preferred stock (Shares)		(18,950)
Issuance of restricted shares, net of forfeitures (Shares)			99,427
Restricted shares withheld for taxes	(74,005)			(74,005)
Restricted shares withheld for taxes (Shares)			(6,648)
Net income	4,837,060				4,837,060
Other comprehensive Income	739,108					739,108
Balances at Sep. 30, 2015	$ 93,325,119		$ 90,105,473	$ 1,742,083	$ 3,223,301	$ (1,745,738)
Balances (Shares) at Sep. 30, 2015			10,300,172

Condensed Consolidated Stateme7

Condensed Consolidated Statements of Cash Flows (unaudited) - USD ($)	9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014
Operating activities:
Net income	$ 4,837,060	$ 4,320,403
Adjustments to reconcile net income to net cash provided by operating activities:
Provision for loan losses	1,622,338	1,186,916
Net amortization of securities	645,826	683,879
Amortization of deferred loan fees and cost	154,686	86,243
Stock-based compensation expense	490,643	444,224
Supplemental executive retirement plan expense	233,500	106,920
Deferred tax benefit (expense)	(597,471)	289,235
Increase in cash surrender value of life insurance contracts	(517,776)	(362,206)
Depreciation and amortization of premises and equipment	705,016	863,664
Gain on sale of available-for-sale securities	(234,447)	(11,917)
Gain on other real estate owned	(29,904)	(18,956)
Gain on mortgage banking income from sales, net	(1,125,932)	(566,629)
Gain on sales of bulk mortgage loans	(866,385)	(409,896)
Gain on sales of Small Business Administration loans		(441,789)
Mortgage loans held-for-sale:
Loans originated	(126,861,140)	(53,111,283)
Loans sold	127,586,477	53,627,705
(Increase) decrease in accrued interest receivable	(257,545)	243,778
Decrease in other assets	385,605	812
Increase in accrued interest payable	374,181	32,846
(Decrease) increase in other liabilities	73,790	803,735
Net cash provided by operating activities	6,618,522	7,767,684
Investing activities:
Net change in interest-bearing time deposits in banks	(4,856)	2,109,000
Activity in available-for-sale securities:
Sales	33,265,673	40,606,153
Maturities, prepayments and calls	30,849,528	19,443,617
Purchases	(53,630,895)	(10,304,495)
Activity in held-to-maturity securities:
Maturities, prepayments and calls	8,289
Purchases	(2,164,278)
Termination of cash flow hedge	(393,400)
Purchases of Federal Home Loan Bank Stock	(396,000)	(250,300)
Additions to premises and equipment, net of effects from disposals	(735,614)	(395,790)
Proceeds from sale of other real estate owned	1,663,714	1,615,501
Purchases of company owned life insurance	(5,000,001)
Proceeds from sale of mortgage loans initially held-for-investment	16,116,559
Increase in loans, net of collections	(124,065,883)	(79,023,460)
Net cash used in investing activities	(104,487,164)	(26,199,774)
Financing activities:
Net increase in deposits	97,588,160	115,087,226
Net change in federal funds purchased	(4,485,093)	(15,280,142)
Proceeds from Federal Home Loan Bank advances	302,600,000	129,250,000
Payments on Federal Home Loan Bank advances	(287,600,000)	(153,500,000)
Issuance (forfeitures) of common stock	14,624,311	(45,165)
Redemption of preferred stock	(18,950,000)
Preferred stock dividends	(32,110)	(142,125)
Net cash provided by financing activities	103,745,268	75,369,794
Net increase in cash and cash equivalents	5,876,626	56,937,704
Cash and cash equivalents, beginning of period	17,765,493	12,417,198
Cash and cash equivalents, end of period	23,642,119	69,354,902
Supplemental cash flow information:
Cash paid for interest	3,555,748	2,797,811
Cash paid for income taxes	1,450,000	$ 925,000
Loans transferred to mortgage loans held-for-sale	7,741,463
Loans transferred to mortgage loans held-for-investment	1,740,061
Loans to facilitate purchase of other real estate	$ 750,000

Summary of Significant Accounti

Summary of Significant Accounting Policies	9 Months Ended
	Sep. 30, 2015
Accounting Policies [Abstract]
Summary of Significant Accounting Policies	(1) Summary of Significant Accounting Policies (a) Accounting Policies The accounting principles followed and the methods of applying those principles conform with accounting principles generally accepted in the United States of America and to general practices in the banking industry. The significant accounting policies applicable to Avenue Financial Holdings, Inc. (the Corporation) and its wholly owned subsidiary, Avenue Bank (the Bank) (collectively, the Company) are summarized as follows. (b) Nature of Operations The Company provides a variety of financial services to individuals and middle market businesses through its offices in middle Tennessee. Its primary deposit products are checking, savings, money market and term certificate accounts and its primary lending products are residential real estate, commercial and industrial, commercial real estate, construction and consumer loans. (c) Basis of Presentation The consolidated financial statements include the accounts of the Corporation and the Bank. All significant intercompany balances and transactions have been eliminated in consolidation. The accompanying unaudited financial statements have been prepared in accordance with U.S. generally accepted accounting principles (U.S. GAAP) for interim financial information and with the instructions to Form 10-Q and Article 10 of Regulation S-X. Accordingly, they do not include all of the information and footnotes required by U.S. GAAP for complete financial statements. In the opinion of management, all adjustments (consisting of only normal recurring accruals) necessary for fair representation have been included. The results of operations and other data for the three and nine months ended September 30, 2015, are not necessarily indicative of results that may be expected for the entire fiscal year ending December 31, 2015. The accompanying unaudited consolidated financial statements were prepared in accordance with instructions for Form 10-Q and, therefore, do not include information or footnotes necessary for a complete presentation of financial position, results of operations, and cash flows in conformity with generally accepted accounting principles. Accordingly, the accompanying unaudited consolidated financial statements should be read in conjunction with the Corporation’s consolidated financial statements and related notes appearing in the 2014 Annual Report previously filed on Form 10-K. The consolidated balance sheet of the Company as of December 31, 2014 has been derived from the audited consolidated balance sheet of the Company as of that date. (d) Use of Estimates In preparing consolidated financial statements in conformity with U.S. GAAP, management is required to make estimates and assumptions that affect the reported amounts of assets and liabilities as of the date of the balance sheet and reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. Material estimates that are particularly susceptible to significant change in the near term relate to the determination of the allowance for loan losses and the valuation of deferred tax assets, other real estate owned, and investment securities including other-than-temporary impairment. All interest accrued but not collected for loans that are placed on non-accrual or charged off is reversed against interest income. The payments received on these loans are applied to the principal balance until the loan qualifies for return to accrual status. Loans are returned to accrual status when all principal and interest amounts contractually due are brought current with on time payments for six consecutive months and future payments are reasonably assured. (e) Recent Accounting Pronouncements In April 2015, the FASB issued Accounting Standards Update (ASU) 2015-03, Simplifying the Presentation of Debt Issuance Costs, In August 2014, the FASB issued ASU No. 2014-14 Receivables - Troubled Debt Restructurings by Creditors (Subtopic 310-40) - Classification of Certain Government Guaranteed Mortgage Loans upon Foreclosure In June 2014, the FASB issued ASU No. 2014-12 Compensation - Stock Compensation (Topic 718) - Accounting for Share Based Payments When the Terms of an Award Provide That a Performance Target Could Be Achieved after the Requisite Service Period In May 2014, the FASB issued ASU No. 2014-09 Revenue from Contracts with Customers (Topic 606) (f) Income Per Common Share Basic net income per common share available to common stockholders is computed by dividing net income available to common stockholders by the weighted average common shares outstanding for the period. Diluted net income per common share available to common stockholders excludes any common stock options or restricted share awards agreements whose exercise would be antidilutive. Typically the difference between basic and diluted weighted average shares outstanding is attributable to common stock options and restricted share awards. For the three and nine months ended September 30, 2014, approximately 286,000, respectively of antidilutive stock options were excluded from the diluted earnings per common share calculation under the treasury stock method as the strike price for an option was above the fair market value of a common share. There were no antidilutive stock options for the three and nine months ended September 30, 2015. The Company also calculated earnings per common share using the two-class method and determined that there was no material impact for the three and nine months ended September 30, 2015. The following is a summary of the basic and diluted earnings per common share calculation for each of the three and nine months ended September 30, 2015 and 2014: At or for the Three Months Ended At or for the Nine Months Ended September 30, September 30, 2015 2014 2015 2014 Basic earnings per share calculation: Numerator - Net income available to common stockholders $ 1,794,441 2,367,970 4,804,950 4,178,278 Denominator – Weighted average common shares outstanding 10,078,172 8,487,516 9,823,554 8,485,195 Basic net income per common share available to common stockholders $ 0.18 0.28 0.49 0.49 Diluted earnings per share calculation: Numerator - Net income available to common stockholders 1,794,441 2,367,970 4,804,950 4,178,278 Denominator – Average common shares outstanding 10,078,172 8,487,516 9,823,554 8,485,195 Average diluted common shares outstanding 119,244 41,410 108,793 41,410 Weighted average common shares outstanding 10,197,416 8,528,926 9,932,347 8,526,605 Diluted net income per common share available to common stockholders $ 0.18 0.28 0.48 0.49 ( g ) Reclassifications Certain items in prior financial statements have been reclassified to conform to the current presentation.

Securities

Securities	9 Months Ended
	Sep. 30, 2015
Investments Debt And Equity Securities [Abstract]
Securities	(2) Securities The amortized cost and fair value of securities available-for-sale and held-to-maturity at September 30, 2015 and December 31, 2014 are summarized as follows: September 30, 2015 Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Fair Value (In Thousands) Securities available-for-sale: U.S. government agency securities $ 45,329 280 318 45,291 State and municipal securities 46,405 759 57 47,107 Corporate notes 8,668 25 10 8,683 Mortgage-backed securities 109,240 659 969 108,930 $ 209,642 1,723 1,354 210,011 Securities held-to-maturity: State and municipal securities $ 2,710 78 - 2,788 Mortgage-backed securities 2,152 6 7 2,151 $ 4,862 84 7 4,939 December 31, 2014 Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Fair Value (In Thousands) Securities available-for-sale: U.S. government agency securities $ 14,492 5 240 14,257 State and municipal securities 38,688 646 90 39,244 Corporate notes 8,817 17 36 8,798 Mortgage-backed securities 159,530 799 2,166 158,163 $ 221,527 1,467 2,532 220,462 Securities held-to-maturity: State and municipal securities $ 2,717 121 - 2,838 $ 2,717 121 - 2,838 Gross realized gains and losses from security sales for the three and nine months ended September 30, 2015 are as follows: At or for the Three Months Ended At or for the Nine Months Ended September 30, September 30, 2015 2014 2015 2014 (In Thousands) Gross realized gains $ 30 - 296 530 Gross realized losses (11 ) - (62 ) (518 ) Realized gains and losses from securities sales are recognized in the consolidated statements of income upon disposition of the securities using the specific identification method on a trade date basis. Expected maturities of mortgage backed securities will differ from contractual maturities because borrowers may have the right to call or prepay obligations with or without call or prepayment penalties. Therefore, these securities are not included in the maturity categories in the following maturity summary. The amortized cost and estimated fair value of securities at September 30, 2015, by contractual maturity, are shown below: Available-for-sale Held-to-maturity Amortized Cost Fair Value Amortized Cost Fair Value (In Thousands) Due in one year or less $ 3,350 3,365 - - Due in one year to five years 26,487 26,679 - - Due in five years to ten years 43,161 43,672 1,505 1,545 Due after ten years 27,404 27,365 1,205 1,243 Mortgage-backed securities 109,240 108,930 2,152 2,151 $ 209,642 210,011 4,862 4,939 Securities with an amortized cost of $25.6 million and $24.0 million and fair value of $25.7 million and $24.1 million at September 30, 2015 and December 31, 2014, respectively, were pledged to secure deposits, borrowings and for other purposes as required or permitted by law. Security fair values are established by an independent pricing service as of the approximate dates indicated. The difference between book value and fair value reflects current interest rates and represents the potential gain (loss) had the portfolio been liquidated on those dates. At September 30, 2015 and December 31, 2014, the Bank did not hold investment securities of any single issuer, other than obligations of U.S. government agencies, whose aggregate book value exceeded 10% of stockholders’ equity. Securities available-for-sale and held-to-maturity with unrealized losses as of September 30, 2015 and December 31, 2014, and the length of time they have been in continuous loss positions were as follows: Investments with an Unrealized Loss of less than 12 months Investments with an Unrealized Loss 12 months or longer Total Investments with an Unrealized Loss Fair value Unrealized losses Fair value Unrealized losses Fair value Unrealized losses (In Thousands) As of September 30, 2015 U.S. government agencies $ 9,693 (277 ) 4,959 (41 ) 14,652 (318 ) State and municipal securities 4,704 (41 ) 1,989 (16 ) 6,693 (57 ) Corporate notes 4,481 (10 ) - - 4,481 (10 ) Mortgage-backed securities 12,231 (51 ) 57,292 (925 ) 69,523 (976 ) Total temporarily impaired $ 31,109 (379 ) 64,240 (982 ) 95,349 (1,361 ) As of December 31, 2014 U.S. government agencies $ 2,494 (5 ) 10,759 (235 ) 13,253 (240 ) State and municipal securities 4,369 (19 ) 2,963 (71 ) 7,332 (90 ) Corporate notes 2,222 (4 ) 4,553 (32 ) 6,775 (36 ) Mortgage-backed securities 4,891 (21 ) 93,517 (2,145 ) 98,408 (2,166 ) Total temporarily impaired $ 13,976 (49 ) 111,792 (2,483 ) 125,768 (2,532 ) As noted in the table above, at September 30, 2015, the Bank had unrealized losses of $1.4 million on $95.3 million of available-for-sale and held-to-maturity securities. The Bank does not consider these securities to be other-than-temporarily impaired. Unrealized losses on securities issued by states and political subdivisions in the U.S., U.S. government agency securities, and mortgage backed securities have not been recognized into income because the securities are backed by the U.S. government, its agencies, or political subdivisions for municipal bonds and management has the intent and ability to hold these securities until maturity. For corporate bonds with unrealized losses, the Bank currently does not intend to sell these securities and it is more likely than not that the Bank will have the intent and ability to hold these securities to recovery of their amortized cost. The decline in value of these securities is primarily attributable to interest rates and not credit losses.

Loans and Allowance for Loan Lo

Loans and Allowance for Loan Losses	9 Months Ended
	Sep. 30, 2015
Loans And Leases Receivable Disclosure [Abstract]
Loans And Allowance for Loan Losses	(3) Loans and Allowance for Loan Losses The Bank has six loan segments for financial reporting purposes, residential real estate, commercial and industrial, commercial real estate, construction and land development, consumer, and other. The Bank classifies its loan portfolio based on the underlying collateral utilized to secure each loan. These classifications are consistent with those utilized in the Quarterly Report of Condition and Income, filed by the Bank with the Federal Deposit Insurance Corporation (FDIC). · Residential real estate loans are classified into two categories based on the underlying collateral securing the loans. They consist of mortgage loans secured by 1-4 family residential properties, including home equity lines of credit, and multi-family properties secured primarily by apartment buildings. · Commercial and industrial loans include loans to business enterprises issued for commercial, industrial and/or other professional purposes. · Commercial real estate mortgage loans are categorized as such based on investor exposures where repayment is largely dependent upon the operation, refinance, or sale of the underlying real estate. Commercial real estate mortgage loans also include owner occupied commercial real estate which shares a similar risk profile to our commercial and industrial loan products. · Construction and land development loans include loans where the repayment is dependent on the successful operation of the related real estate project. Construction and land development loans include 1-4 family construction projects and commercial construction endeavors such as warehouses, apartments, office and retail space and land acquisition and development. Construction loans can include interest reserve to carry the project through to completion. At September 30, 2015, $1,539,000 was included in the loan balances for interest reserves. · Consumer loans include all loans issued to individuals not included in the residential real estate mortgage classification. Examples of consumer loans are automobile loans and personal lines of credit. · Other loans include all loans not included in the consumer classification, such as unsecured loans to religious organizations. The following table summarizes the balance of loans outstanding by segment and class as of September 30, 2015 and December 31, 2014: September 30, 2015 December 31, 2014 (In Thousands) Residential real estate: Mortgage $ 128,526 110,929 Multi-family 9,259 11,310 Commercial and industrial 285,381 235,911 Commercial real estate 297,385 271,001 Construction and land development 81,580 58,843 Consumer 10,126 5,915 Other 833 875 Total loans 813,090 694,784 Net deferred loan origination costs and fees (1,030 ) (876 ) Less allowance for loan losses (9,632 ) (8,518 ) Net loans $ 802,428 685,390 (a) Asset Quality Commercial loans are assigned risk ratings by the lender that are subject to validation by a third party loan reviewer or the Bank’s internal credit committee. Risk ratings are categorized as pass, special mention, substandard, non-accrual and doubtful. As of September 30, 2015, approximately 72% of the loan portfolio was classified as a commercial loan type and was specifically assigned a pass risk rating. Pass rated loans include all loans other than those included in special mention, substandard, non-accrual and doubtful, which are defined as follows: · Special mention loans have potential weaknesses that deserve close attention. If left uncorrected, these potential weaknesses may result in deterioration of the repayment prospects for the asset or in the Bank’s credit position at some future date. · Substandard loans are inadequately protected by the current worth and paying capacity of the borrower or the collateral pledged, if any. Assets so classified must have a well defined weakness or weaknesses that jeopardize collection of the debt. Substandard loans are characterized by the distinct possibility that the Bank will sustain some loss if the deficiencies are not corrected. These loans may be considered impaired, if in management’s judgment, the loan is either collateral dependent or the credit is weakened by the borrower’s financial condition. · Non-accrual loans have the traits of substandard loans; however, repayment of principal and interest is uncertain. The weaknesses of these loans make it more probable than not that repayment of principal and interest will not occur per contractual obligation. · Doubtful loans have the traits of non-accrual loans; however, repayment of principal and interest is doubtful. Loss on all or a portion of principal is anticipated. The following tables present the loan balances (recorded investment) by segment as well as risk rating category as of September 30, 2015 and December 31, 2014: Pass Special Mention Substandard Non-accrual Doubtful Total Grade 1-5 Grade 6 Grade 7 Total Grade 8 Grade 9 Loans (In Thousands) September 30, 2015 Residential real estate: Mortgage $ 127,834 - 532 128,366 160 - 128,526 Multi-family 9,259 - - 9,259 - - 9,259 Commercial and industrial 285,107 - 143 285,250 131 - 285,381 Commercial real estate 297,232 - 153 297,385 - - 297,385 Construction and land development 81,156 - 424 81,580 - - 81,580 Consumer 10,099 - - 10,099 27 - 10,126 Other 833 - - 833 - - 833 $ 811,520 - 1,252 812,772 318 - 813,090 Pass Special Mention Substandard Non-accrual Doubtful Total Grade 1-5 Grade 6 Grade 7 Total Grade 8 Grade 9 Loans (In Thousands) December 31, 2014 Residential real estate: Mortgage $ 108,325 - 2,427 110,752 177 - 110,929 Multi-family 11,310 - - 11,310 - - 11,310 Commercial and industrial 235,208 - 214 235,422 489 - 235,911 Commercial real estate 267,567 - 3,434 271,001 - - 271,001 Construction and land development 58,158 - 685 58,843 - - 58,843 Consumer 5,886 - - 5,886 29 - 5,915 Other 875 - - 875 - - 875 $ 687,329 - 6,760 694,089 695 - 694,784 (b) Impaired Loans As of September 30, 2015 and December 31, 2014, all loans classified as non-accrual were considered to be impaired. In addition, certain substandard loans were determined to be impaired due to management’s knowledge of certain facts surrounding the credit such as lack of collateral or limited cash flow. The principal balance of these impaired loans amounted to $966,000 as of September 30, 2015 and $3.8 million as of December 31, 2014, respectively. At the date that impaired loans were placed on non-accrual status, the Bank reversed all previously accrued interest income against the current year earnings. The payments received on these loans are applied to the principal balance until the loan qualifies for return to accrual status. Loans are returned to accrual status when all principal and interest amounts contractually due are brought current with on time payments for six consecutive months and future payments are reasonably assured. The Bank reviews each impaired loan on a case-by-case basis to determine if the payment should be applied to interest or principal pursuant to regulatory guidelines. Additional information on the Bank’s impaired loans that were evaluated for specific loss allowance as of September 30, 2015 and December 31, 2014 including the recorded investment on the balance sheet and the unpaid principal balance is shown below: At September 30, 2015 Recorded Investment Unpaid Principal Balance Related Allowance (In Thousands) Impaired loans with no recorded allowance: Residential real estate: Mortgage $ 160 175 - Commercial and industrial 131 250 - Construction and land development 424 424 - Total 715 849 - Impaired loans with a recorded allowance: Residential real estate: Mortgage 224 224 8 Consumer 27 27 27 Total 251 251 35 Total impaired loans $ 966 1,100 35 At December 31, 2014 Recorded Investment Unpaid Principal Balance Related Allowance (In Thousands) Impaired loans with no recorded allowance: Commercial and industrial $ 172 292 - Total 172 292 - Impaired loans with a recorded allowance: Residential real estate: Mortgage 2,604 2,619 130 Commercial and industrial 317 320 292 Construction and land development 685 685 79 Consumer 29 29 29 Total 3,635 3,653 530 Total impaired loans $ 3,807 3,945 530 Three Months Ended Nine Months Ended September 30, 2015 September 30, 2015 Average Recorded Investment Interest Income Recognized (1) Average Recorded Investment Interest Income Recognized (1) (In Thousands) Impaired loans with no recorded allowance: Residential real estate: Mortgage $ 162 - 166 - Commercial and industrial 131 - 131 - Construction and land development 434 5 449 14 Total 727 5 746 14 Impaired loans with a recorded allowance: Residential real estate: Mortgage 226 2 228 7 Consumer 27 - 28 - Total 253 2 256 7 Total impaired loans $ 980 7 1,002 21 Three Months Ended Nine Months Ended September 30, 2014 September 30, 2014 Average Recorded Investment Interest Income Recognized (1) Average Recorded Investment Interest Income Recognized (1) (In Thousands) Impaired loans with no recorded allowance: Commercial and industrial $ 131 - 131 - Total 131 - 131 - Impaired loans with a recorded allowance: Residential real estate: Mortgage 2,624 34 2,627 75 Commercial and industrial 552 - 559 2 Construction and land development 2,596 12 2,742 37 Consumer 30 - 31 - Total 5,802 46 5,959 114 Total impaired loans $ 5,933 46 6,090 114 (1) Includes income recognized in earnings for impaired accruing loans only. All non-accrual loans did not have any interest recognized in the three or nine months ended September 30, 2015 and 2014. (c) Non-accrual and Past Due Loans A loan is considered past due when payment is 30 days or more late based on the contractual terms of the loan. As shown in the table below, the Bank had $384,000 and $8,000 of loans past due 30 days or more that were still accruing as of September 30, 2015 and December 31, 2014, respectively. The following tables present past due balances at September 30, 2015 and December 31, 2014 and by loan segment allocated between performing and non-accrual status: 30-89 days past due and accruing 90 days or more past due and accruing Total past due and accruing Current and accruing Non-accrual Total Loans (In Thousands) September 30, 2015 Residential real estate: Mortgage $ 86 - 86 128,280 160 128,526 Multi-family - - - 9,259 - 9,259 Commercial and industrial 144 - 144 285,106 131 285,381 Commercial real estate 154 - 154 297,231 - 297,385 Construction and land development - - - 81,580 - 81,580 Consumer - - - 10,099 27 10,126 Other - - - 833 - 833 $ 384 - 384 812,388 318 813,090 30-89 days past due and accruing 90 days or more past due and accruing Total past due and accruing Current and accruing Non-accrual Total Loans (In Thousands) December 31, 2014 Residential real estate: Mortgage $ - - - 110,752 177 110,929 Multi-family - - - 11,310 - 11,310 Commercial and industrial - - - 235,422 489 235,911 Commercial real estate - - - 271,001 - 271,001 Construction and land development - - - 58,843 - 58,843 Consumer 8 - 8 5,878 29 5,915 Other - - - 875 - 875 $ 8 - 8 694,081 695 694,784 At September 30, 2015 and December 31, 2014, all loans classified as non-accrual were deemed to be impaired. The principal balance of these non-accrual loans amounted to $318,000 and $695,000 at September 30, 2015 and December 31, 2014, respectively. At the date such loans were placed on non-accrual status, the Bank reversed all previously accrued interest income against current year earnings. Had these non-accruing loans been on accruing status, interest income would have been higher by $48,000 and $72,000 for the periods ended September 30, 2015 and December 31, 2014, respectively. Management elected to not record payments received in interest income during the periods ended September 30, 2015 and December 31, 2014. (d) Troubled Debt Restructure (TDR) The Bank attempts to work with borrowers, when advantageous to both parties to extend or modify terms to better align with the borrowers current ability to repay. These extensions and modifications are made in accordance with internal policies, which conform to regulatory guidance. Each modification is unique to the borrower and is evaluated separately, and as such, qualification criteria and payments terms consider the borrower’s current and prospective ability to comply with the modified terms of the loan. A modification is classified as a TDR if the borrower is experiencing financial difficulty and it is determined that the Bank has granted a concession to the borrower that would have otherwise not been granted and is not available to other borrowers. The Bank may determine that a borrower is experiencing financial difficulty if the borrower is currently in default on any debt, or if it is probable that a borrower may default in the foreseeable future without a modification. Examples of concessions that would qualify as a TDR include: 1) a reduction in interest rates, 2) extension of the maturity date at a rate lower than current market rate for a new loan with similar risk, 3) principal forgiveness, 4) reduction of accrued interest, or 5) a period of interest only payments. When evaluating if it is in the Bank’s interest to restructure troubled debt, management may consider whether the borrower has provided additional collateral or guarantors and whether such additions adequately compensate the Bank for the restructured terms. The determination of whether a restructuring of a loan meets the criteria for classification as a TDR is subjective in nature and management’s judgment is required in the evaluation process. As of September 30, 2015 and September 30, 2014 there were $424,000 and $2.9 million, respectively, of TDRs that were performing. As of September 30, 2015, one mortgage loan was classified as a TDR. As of September 30, 2014 the TDRs were categorized as one mortgage loan and one construction and land development loan. A TDR is considered an impaired loan pursuant to U.S. GAAP. No loans were restructured or modified due to declining credit quality during the nine months ended September 30, 2015 and 2014. Of the $2.9 million in loans reported as TDRs as of December 31, 2014, $2.4 million was paid off during the period ended September 30, 2015. No TDRs were foreclosed upon during the three and nine month periods ended September 30, 2015 and 2014. As of September 30, 2015, December 31, 2014 and September 30, 2014, there were no commitments to lend additional funds to debtors owing receivables whose terms have been modified in a TDR. (e) Allowance for Loan Losses The adequacy of the allowance for loan losses is assessed by management at the end of each calendar quarter. This evaluation is inherently subjective as it requires estimates that are susceptible to significant revision as more information becomes available. There were no changes to the allowance for loan losses methodology during the nine months ended September 30, 2015. Key components of the estimation process are as follows: (1) loans determined by management to be impaired are evaluated individually and specific allowances are determined based on the difference between the outstanding loan amount and the net realizable value of the present value of expected future cash flows or the collateral less estimated cost to sell (if collateral dependent); (2) loans not meeting the definition of impairment are segmented based on similar collateral types and evaluated on a pool basis; (3) loss rates for the segments are calculated based on historical gross charge offs (or minimum loss rates if no historical gross charge offs) over the lookback period determined to be most appropriate by management and, multiplied by the loss emergence period (LEP). The LEP is the period between when initial deterioration in the borrower’s financial capacity is first identified by Bank personnel to the time of charge-off. The historical loss factors are then adjusted by management to reflect the current outlook for each of the following qualitative factors: · Changes in international, national, regional, and local economic and business conditions and developments that affect the collectability of the portfolio, including the condition of various market segments. · Changes in the experience, ability, and depth of lending management and other relevant staff. · Changes in the nature and volume of the portfolio and in the terms of loans. · Changes in the volume and severity of past due loans, the volume of nonaccrual loans, and the volume and severity of adversely classified or graded loans. · The existence and effect of any concentrations of credit, and changes in the level of such concentrations. · Changes in lending policies and procedures, including changes in underwriting standards and collection, charge-off, and recovery practices not considered elsewhere in estimating credit losses. The following table presents the balance in the recorded investment in loans by loan segment based on impairment method: Real Estate Mortgage Real Estate Multi-family Commercial and Industrial Commercial Real Estate Construction and Land Development Consumer Other Total Loans (In Thousands) September 30, 2015 Loans $ 128,526 9,259 285,381 297,385 81,580 10,126 833 813,090 Loans individually evaluated for impairment 384 - 131 - 424 27 - 966 Loans collectively evaluated for impairment 128,142 9,259 285,250 297,385 81,156 10,099 833 812,124 Loans acquired with deteriorated credit quality - - - - - - - - December 31, 2014 Loans $ 110,929 11,310 235,911 271,001 58,843 5,915 875 694,784 Loans individually evaluated for impairment 2,604 - 489 - 685 29 - 3,807 Loans collectively evaluated for impairment 108,325 11,310 235,422 271,001 58,158 5,886 875 690,977 Loans acquired with deteriorated credit quality - - - - - - - - Consumer loans less than $25,000 are charged off no later than when the loan becomes 120 days past due. All other loans are charged off when it is determined that the loan is uncollectible. Past due status is based on the contractual terms of the loan. In all cases, loans are placed on non-accrual or charged off at an earlier date if collection of principal or interest is considered doubtful. The following table provides a roll forward of the allowance for loan losses from December 31, 2013 to September 30, 2014 and December 31, 2014 to September 30, 2015 by loan segment: Residential Real-Estate Commercial and Industrial Commercial Real Estate Construction and Land Development Consumer Other Total (In Thousands) Balances, June 30, 2015 $ 1,256 2,661 3,267 2,059 63 6 9,312 Charged-off loans - (300 ) - - - - (300 ) Recovery of previously charged-off loans 1 2 - 3 - - 6 Provision for loan losses 305 578 (229 ) (52 ) 14 (2 ) 614 Balances, September 30, 2015 $ 1,562 2,941 3,038 2,010 77 4 9,632 Balances, December 31, 2014 $ 1,244 2,402 3,131 1,675 62 4 8,518 Charged-off loans (6 ) (593 ) - - (8 ) - (607 ) Recovery of previously charged-off loans 2 18 - 79 - - 99 Provision for loan losses 322 1,114 (93 ) 256 23 - 1,622 Balances, September 30, 2015 $ 1,562 2,941 3,038 2,010 77 4 9,632 Balances, June 30, 2014 $ 1,741 2,541 3,245 1,004 94 - 8,625 Charged-off loans - - - - - - - Recovery of previously charged-off loans - - - 4 - - 4 Provision for loan losses (54 ) 32 (133 ) (80 ) 1 12 (222 ) Balances, September 30, 2014 $ 1,687 2,573 3,112 928 95 12 8,407 Balances, December 31, 2013 $ 1,368 1,995 2,754 997 61 29 7,204 Charged-off loans - - - - - - - Recovery of previously charged-off loans 1 - - 15 - - 16 Provision for loan losses 318 578 358 (84 ) 34 (17 ) 1,187 Balances, September 30, 2014 $ 1,687 2,573 3,112 928 95 12 8,407 The following table presents the balance in the allowance for loan losses by loan segment based on impairment method: Residential Real-Estate Commercial and Industrial Commercial Real Estate Construction and Land Development Consumer Other Total (In Thousands) Balances, September 30, 2015 Allowance for loans individually evaluated for impairment $ 8 - - - 27 - 35 Allowance for loans collectively evaluated for impairment $ 1,554 2,941 3,038 2,010 50 4 9,597 Balances, December 31, 2014 Allowance for loans individually evaluated for impairment $ 130 292 - 79 29 - 530 Allowance for loans collectively evaluated for impairment $ 1,114 2,110 3,131 1,596 33 4 7,988 (f) Residential Lending At September 30, 2015, the Bank had approximately $18.4 million of mortgage loans held-for-sale compared with approximately $27.2 million at December 31, 2014. Loans held-for-sale are carried at the lower of cost or market and consist of two distinct groups, secondary market and portfolio mortgage loans held-for-sale. Secondary market loans are typically sold at or before loan closing to an investor on a loan-by-loan basis and generally settle within two to four weeks of loan closing. At September 30, 2015 and December 31, 2014 the Bank had $6.4 million and $4.7 million, respectively of secondary market loans. Portfolio mortgage loans held-for-sale are maintained on the Bank’s core loan accounting system and sold in bulk or individually generally within one year of being classified as held-for-sale. All loan sales executed by the Bank include the transfer of servicing rights to the investor. The Bank had $12.0 million and $22.6 million of portfolio mortgage loans held-for-sale as of September 30, 2015 and December 31, 2014, respectively. For the three months ended September 30, 2015 the Bank sold $16.5 million of portfolio loans held-for-sale for a gain of $314,000. For the nine months ended September 30, 2015 the Bank sold $42.2 million of portfolio loans held-for-sale for a gain of $866,000. For the three and nine months ended September 30, 2014 the Bank sold $18.3 million of portfolio loans held-for-sale loan for a gain of $410,000. The secondary market mortgage sales are sold typically on a best efforts basis to investors that follow conventional government sponsored entities and the Department of Housing and Urban Development (HUD) guidelines. Generally, the investor has delegated underwriting authority to the Bank. Credit risk is generally transferred to the investors upon sale, however, the investors may have recourse rights for up to six months after the loan sale during which the Bank would be obligated to repurchase the loan if the borrower defaults during the recourse period. Also, the purchase agreements require the Bank to make certain representations and warranties regarding the existence and sufficiency of file documentation and the absence of fraud by borrowers or other third parties such as appraisers in connection with obtaining the loan. If it is determined that the loans sold were in breach of these representations or warranties, the Bank is obligated to either repurchase the loan for the unpaid principal balance and related investor fees or make the investor whole for the economic benefits of the loan. Based on information currently available, management believes that it does not have a material exposure to losses arising from borrower defaults or faulty representations and warranties that it has made in connection with its mortgage loan sales. For portfolio mortgages, the Bank determines at origination if the loan will be held-for-investment or held-for-sale. If circumstances arise after origination that the loan is no longer sellable to investors or could be sold it is moved accordingly. At September 30, 2015, the Bank has $128.5 million of home equity and consumer mortgage loans which are secured by first or second liens on residential properties. Foreclosure activity in this portfolio has been minimal. Any foreclosures on these loans are handled by designated Bank personnel and external legal counsel, as appropriate, following established policies regarding legal and regulatory requirements. The Bank has not imposed any freezes on foreclosures. Based on information currently available, management believes that it does not have material exposure to faulty foreclosure practices.

Derivatives

Derivatives	9 Months Ended
	Sep. 30, 2015
Derivative Instruments And Hedging Activities Disclosure [Abstract]
Derivatives	(4) Derivatives Financial derivatives are reported at fair value in other assets or other liabilities. The accounting for changes in fair value of a derivative depends on whether it has been designated and qualifies as part of a hedging relationship. The Bank has entered into interest rate swaps to facilitate customer transactions and meet their financing needs. Upon entering into these instruments, the Bank also entered into offsetting positions in order to minimize risk. These swaps qualify as derivatives, but are not designated as hedging instruments. Interest rate swap contracts involve counterparties and their ability to meet contractual terms. When the fair value of a derivative instrument contract is positive, this generally indicates that the counterparty or customer owes the Bank, and results in credit risk. When the fair value of a derivative instrument contract is negative, the Bank owes the customer or counterparty and has no credit risk. A summary of interest rate swaps to facilitate customer transactions as of September 30, 2015 and December 31, 2014 is included in the following table: Notional Amount Estimated Fair Value Included in Other Assets Estimated Fair Value Included in Other Liabilities (In Thousands) Interest rate swap agreements: Pay fixed / Receive variable swaps – September 30, 2015 $ 18,559 638 638 Pay fixed / Receive variable swaps – December 31, 2014 12,699 573 573 The terms of the individual contracts within the existing relationship at September 30, 2015 and December 31, 2014 is as follows: September 30, 2015 December 31, 2014 Forecasted Notional Amount Receive Rate Pay Rate Term Other Liabilities Unrealized (Gain) Loss in Accumulated Other Comprehensive (Loss) Income Other Liabilities Unrealized (Gain) Loss in Accumulated Other Comprehensive (Loss) Income (Dollars in Thousands) Interest Rate Swap $ - 1 month LIBOR plus 35 basis points 2.99 % Nov. 2015 - May 2021 $ - - 297 183 Interest Rate Swap 10,000 1 month LIBOR plus 35 basis points 2.98 May 2016 - May 2021 560 346 196 121 Interest Rate Swap 10,000 1 month LIBOR plus 35 basis points 3.03 March 2017 - May 2021 412 254 118 73 Interest Rate Swap 25,000 2.09% 1.50 April 2015 - April 2022 (41 ) (25 ) - - $ 45,000 $ 931 575 611 377 The cash flow hedges were determined to be fully effective during the period presented. Therefore, no amount of ineffectiveness has been included in net income. The aggregate fair value of the interest rate swap is recorded in other liabilities with changes in fair value recorded in accumulated other comprehensive (loss) income, net of tax. If a hedge was deemed to be ineffective, the amount included in accumulated other comprehensive (loss) income would be reclassified into a line item within the statement of income that impacts operating results. The hedge would no longer be considered effective if a portion of the hedge becomes ineffective, the item hedged is no longer in existence or the Bank discontinues hedge accounting. Related to the terminated hedge approximately $40,000 will be reclassified from accumulated other comprehensive (loss) income in the next twelve months.

Fair Value of Financial Instrum

Fair Value of Financial Instruments	9 Months Ended
	Sep. 30, 2015
Fair Value Disclosures [Abstract]
Fair Value of Financial Instruments	(5 ) Fair Value of Financial Instruments FASB ASC 820, Fair Value Measurements and Disclosures ASC 820 also establishes a fair value hierarchy which requires an entity to maximize the use of the observable inputs that may be used to measure fair value. An asset’s or liability’s fair value measurement level within the fair value hierarchy is based on the lowest level of any input that is significant to the fair value measurement. The three levels of the fair value hierarchy are described below: · Level 1 Inputs – Unadjusted quoted prices in active markets for identical assets or liabilities that the reporting entity has the ability to access at the measurement date. · Level 2 Inputs – Inputs other than quoted prices included in Level 1 that are observable for the asset or liability, either directly or indirectly. These might include quoted prices for similar assets or liabilities in active markets, quoted prices of identical or similar assets or liabilities in markets that are not active, inputs other than quoted prices that are observable for the asset or liability (such as interest rates, volatilities, prepayment speeds, credit risks, etc.) or inputs that are derived principally from or corroborated by market data by correlation or other means. · Level 3 Inputs – Unobservable inputs for determining the fair values of assets or liabilities that reflect management’s own assumptions about the assumptions that market participants would use in pricing the assets or liabilities. Unobservable inputs can be sensitive to changes that would cause a higher or lower fair value measurement. A description of the valuation methodologies used for instruments measured at fair value, as well as the general classification of such instruments pursuant to the valuation hierarchy, is set forth below. These valuation methodologies were applied to all of the Company’s financial assets and financial liabilities carried at fair value effective September 30, 2015 and December 31, 2014. In general, fair value is based upon quoted market prices, where available. If such quoted market prices are not available, fair value is based upon internally developed models that primarily use, as inputs, observable market based parameters. Valuation adjustments may be made to ensure that financial instruments are recorded at fair value. These adjustments may include amounts to reflect counterparty credit quality and the Company’s creditworthiness, among other things, as well as unobservable parameters. Any such valuation adjustments are applied consistently over time. The Company’s valuation methodologies may produce a fair value calculation that may not be indicative of net realizable value or reflective of future fair values. Financial assets and financial liabilities measured at fair value on a recurring basis include the following: (a) Securities Available-for-Sale Where quoted prices are available for identical securities in an active market, securities are classified within Level 1 of the valuation hierarchy. If quoted market prices are not available, then fair values are estimated by using pricing models that use observable inputs, market spreads, and cash flows or quoted prices of securities with similar characteristics and are classified within Level 2 of the valuation hierarchy. In certain cases where there is limited activity or less transparency around inputs to the valuation and more complex pricing models are used, securities are classified within Level 3 of the valuation hierarchy. (b) Derivatives The carrying amount of interest rate swap agreements is based on pricing models that utilize observable market inputs. The Company reflects these assets within Level 2 of the valuation hierarchy. For purposes of potential valuation adjustments to its derivative positions, the Company evaluates the credit risk of its counterparties. Accordingly, the Company has considered factors such as the likelihood of default by its counterparties, its net exposures, and remaining contractual life, among other things, in determining if any fair value adjustments related to credit risk are required. Counterparty exposure is evaluated by netting positions that are subject to master netting arrangements, as well as considering the amount of collateral securing the position. The Company reviews its counterparty exposure on a regular basis, and, when necessary, appropriate business actions are taken to adjust the exposure. The Company also utilizes this approach to estimate its own credit risk on derivative liability positions. To date, the Company has not realized any significant losses due to a counterparty’s inability to pay any net uncollateralized position. The change in value of derivative assets and derivative liabilities attributable to credit risk was not significant during the reported periods. The following tables summarize financial assets and financial liabilities measured at fair value on a recurring basis as of September 30, 2015 and December 31, 2014, segregated by the level of the valuation inputs within the fair value hierarchy utilized to measure fair value: Total Carrying Value in the Consolidated Balance Sheet Quoted Market Prices in an Active Market (Level 1) Models with Significant Observable Market Parameters (Level 2) Models with Significant Unobservable Market Parameters (Level 3) (In Thousands) September 30, 2015 Investment securities (AFS) U.S. government agencies $ 45,291 - 45,291 - State and municipal securities 47,107 - 47,107 - Corporate notes 8,683 - 8,683 - Mortgage-backed securities 108,930 - 108,930 - Total investment securities available-for-sale 210,011 - 210,011 - Derivative assets 638 - 638 - Total assets at fair value $ 210,649 - 210,649 - Derivative liabilities $ 1,569 - 1,569 - Total liabilities at fair value $ 1,569 - 1,569 - Total Carrying Value in the Consolidated Balance Sheet Quoted Market Prices in an Active Market (Level 1) Models with Significant Observable Market Parameters (Level 2) Models with Significant Unobservable Market Parameters (Level 3) (In Thousands) December 31, 2014 Investment securities (AFS) U.S. government agencies $ 14,257 - 14,257 - State and municipal securities 39,244 - 39,244 - Corporate notes 8,798 - 8,798 - Mortgage-backed securities 158,163 - 158,163 - Total investment securities available-for-sale 220,462 - 220,462 - Derivative assets 573 - 573 - Total assets at fair value $ 221,035 - 221,035 - Derivative liabilities $ 1,184 - 1,184 - Total liabilities at fair value $ 1,184 - 1,184 - The Company did not have any financial instruments classified within Level 3 of the valuation hierarchy for assets and liabilities measured at fair value on a recurring basis at September 30, 2015 and December 31, 2014. Certain financial assets and financial liabilities are measured at fair value on a nonrecurring basis; that is, the instruments are not measured at fair value on an ongoing basis but are subject to fair value adjustments in certain circumstances (for example, when there is evidence of impairment). Financial assets and liabilities measured at fair value on a nonrecurring basis include the following: (a) Impaired Loans Certain impaired loans are reported at the fair value and is measured based on the value of the underlying collateral securing the loans and is determined using several methods. The fair value of real estate is generally determined based on appraisals by qualified licensed independent appraisers less estimated selling costs. The appraisers typically determine the value of the real estate by utilizing an income or market valuation approach. If an appraisal is not available, the fair value may be determined by using a cash flow analysis. Fair value on other collateral such as business assets is typically ascertained by assessing, either singularly or some combination of, asset appraisals, accounts receivable aging reports, inventory listings and/or customer financial statements. Both appraised values and values based on borrower’s financial information are discounted as considered appropriate based on age and quality of the information and current market conditions. As of September 30, 2015 and December 31, 2014, impaired loans with a carrying value of $809,000 and $3.3 million, were reduced by specific valuation allowance allocations totaling $35,000 and $530,000 to a net reported fair value of $774,000 and $2.8 million, respectively, based on collateral valuations utilizing Level 3 valuation inputs. (b) Other Real Estate Owned (OREO) Other real estate is measured and reported on the value of the collateral securing the real estate and is determined based on appraisals by qualified licensed independent appraisers less estimated selling costs. The appraisers typically determine the value of the real estate by utilizing an income or market valuation approach. The following table presents quantitative information about unobservable inputs used in recurring and nonrecurring level 3 fair value measurements at September 30, 2015 and December 31, 2014: Fair value Valuation Technique Unobservable Inputs Range (weighted average) (In Thousands) September 30, 2015 Impaired loans (collateral dependent) $ 774 Discounted appraisals Appraisal adjustments 11% - 20% (17%) Other real estate owned $ 992 Discounted appraisals Appraisal adjustments 6% - 28% (23%) December 31, 2014 Impaired loans (collateral dependent) $ 2,760 Discounted appraisals Appraisal adjustments 10% - 27% (13%) Other real estate owned $ 3,376 Discounted appraisals Appraisal adjustments 6% - 28% (13%) The Company monitors the valuation technique utilized by various pricing agencies, in the case of the investment securities to ascertain when transfers between levels have been affected. The nature of the remaining assets and liabilities is such that transfers in and out of any level are expected to be rare. For the period ended September 30, 2015, there were no transfers between levels. FASB ASC 820 requires disclosure of the fair value of financial assets and financial liabilities, including those financial assets and financial liabilities that are measured and reported at fair value on a recurring basis or nonrecurring basis. The methodologies for estimating the fair value of financial assets and financial liabilities that are measured at fair value on a recurring or nonrecurring basis are discussed above. The methodologies for other financial assets and financial liabilities are discussed below: (a) Cash and due from banks, federal funds sold, and interest-bearing time deposits in banks The carrying amounts of cash and due from banks, federal funds sold, interest-bearing time deposits in banks and federal funds sold approximate their fair values due to their short-term nature and liquidity. (b) Securities held-to-maturity Fair values for securities held-to-maturity are based on quoted market prices. If quoted market prices are not available, then fair values are estimated by using pricing models that use observable inputs, market spreads, and cash flows or quoted prices of securities with similar characteristics. (c) Mortgage loans held-for-sale The inputs for valuation of these assets are based on the anticipated sales prices of these loans as the loans are usually sold within a few weeks to four months of their origination. (d) Loans, net The carrying values, reduced by estimated inherent credit losses, of variable rate loans and other loans with short-term characteristics are considered fair values. For fixed rate loans, the fair values are calculated by discounting scheduled future cash flows using current interest rates offered on loans with similar terms adjusted to reflect the estimated credit losses inherent in the portfolio. This method of estimating fair value does not incorporate the exit price/market participant concept of fair value prescribed by ASC 820-10 and generally produces a higher value than an exit approach/market participant approach. Fair values for impaired loans are estimated using discounted cash flow models or based on the fair value of the underlying collateral. (e) Deposits, Federal funds purchased, Federal Home Loan Bank of Cincinnati advances and subordinated debt The fair values disclosed for demand deposits (e.g. interest and non-interest checking, savings, and money market accounts) are, by definition, equal to the amount payable on demand at the reporting date (i.e. their carrying amount). The carrying value of variable rate Federal Home Loan Bank of Cincinnati (FHLB) advances and Federal funds purchased approximate their fair values based on their short-term nature. The fair value of certificates of deposit, fixed rate advances from the FHLB and fixed rate subordinated debt are based on the discounted value of contractual cash flows, calculated using the discounted rate that equaled the interest rates offered at the valuation date for deposits of similar remaining maturities. (f) Off-balance sheet instruments The fair values of off-balance sheet financial instruments are based on fees charged to enter into similar agreements. However, commitments to extend credits do not represent a significant value to the Company until such commitments are funded. The estimated fair values of financial instruments at September 30, 2015 and December 31, 2014 were as follows: Carrying Amount Estimated Fair Value Quoted Market Prices in an Active Market (Level 1) Models with Significant Observable Market Parameters (Level 2) Models with Significant Unobservable Market Parameters (Level 3) (In Thousands) September 30, 2015 Financial assets: Cash and due from banks $ 21,308 21,308 21,308 - - Federal funds sold 2,334 2,334 2,334 - - Interest-bearing time deposits in banks 216 216 216 - - Securities available-for-sale 210,011 210,011 - 210,011 - Securities held-to-maturity 4,862 4,939 - 4,939 - Mortgage loans held-for-sale 18,389 18,509 - 18,509 - Loans, net 802,428 805,304 - - 805,304 Financial liabilities: Deposits 900,760 901,371 738,272 163,099 - Federal home loan bank advances 85,300 85,501 - 85,501 - Subordinated debt 19,606 20,000 - - 20,000 Off-balance sheet instruments: Commitments to extend credit 252,640 - - - - Standby letters of credit 11,255 55 - - 55 Carrying Amount Estimated Fair Value Quoted Market Prices in an Active Market (Level 1) Models with Significant Observable Market Parameters (Level 2) Models with Significant Unobservable Market Parameters (Level 3) (In Thousands) December 31, 2014 Financial assets: Cash and due from banks $ 17,765 17,765 17,765 - - Interest-bearing time deposits in banks 211 211 211 - - Securities available-for-sale 220,462 220,462 - 220,462 - Securities held-to-maturity 2,717 2,838 - 2,838 - Mortgage loans held-for-sale 27,237 27,463 - 27,463 - Loans, net 685,390 690,380 - - 690,380 Financial liabilities: Deposits 803,172 803,670 642,079 161,591 - Federal funds purchased 4,485 4,485 - 4,485 - Federal home loan bank advances 70,300 70,396 - 70,396 - Subordinated debt 19,577 20,000 - - 20,000 Off-balance sheet instruments: Commitments to extend credit 179,478 - - - - Standby letters of credit 10,074 98 - - 98

Commitments and Contingent Liab

Commitments and Contingent Liabilities	9 Months Ended
	Sep. 30, 2015
Commitments And Contingencies Disclosure [Abstract]
Commitments and Contingent Liabilities	(6 ) Commitments and Contingent Liabilities The Bank is a party to credit related financial instruments with off-balance sheet risk in the normal course of business to meet the financing needs of its customers. These financial instruments include commitments to extend credit and standby letters of credit. Such commitments involve, to varying degrees, elements of credit and interest rate risk in excess of the amount recognized in the consolidated balance sheet. The Bank’s exposure to credit loss is represented by the contractual amount of these commitments. The Bank follows the same credit policies in making commitments as it does for on balance sheet instruments. The following financial instruments were outstanding whose contract amounts represent credit risk: September 30, December 31, 2015 2014 (In Thousands) Commitments to extend credit and unfunded commitments $ 252,640 179,478 Standby letters of credit 11,255 10,074 Commitments to extend credit are agreements to lend to a customer as long as there is no violation of any condition established in the contract. Commitments generally have fixed expiration dates or other termination clauses and may require payment of a fee. The commitments for equity lines of credit may expire without being drawn upon. Therefore, the total commitment amounts do not necessarily represent future cash requirements. The amount of collateral obtained, if it is deemed necessary by the Bank, is based on management’s credit evaluation of the customer. Unfunded commitments under commercial lines of credit, revolving credit lines and overdraft protection agreements are commitments for possible future extensions of credit to existing customers. These lines of credit are uncollateralized and usually do not contain a specified maturity date and ultimately may not be drawn upon to the total extent to which the Bank is committed. Standby letters of credit are conditional commitments issued by the Bank to guarantee the performance of a customer to a third party. All letters of credit issued have expiration dates within one year. The credit risk involved in issuing letters of credit is essentially the same as that involved in extending loan facilities to customers. The Bank had $55,000 and $98,000 in off-balance sheet reserves included in other liabilities on the Consolidated Balance Sheet as of September 30, 2015 and December 31, 2014, respectively. From time to time, the Company may be a party to various legal proceedings incident to its business. As of September 30, 2015 there are no material pending legal proceedings to which the Corporation or any of its subsidiaries is a party or of which any of the Corporation or its subsidiaries’ properties are subject.

Income Taxes

Income Taxes	9 Months Ended
	Sep. 30, 2015
Income Tax Disclosure [Abstract]
Income Taxes	( 7 ) Income Taxes The Corporation and the Bank file consolidated U.S. Federal and State of Tennessee income tax returns. Each entity provides for income taxes based on its contribution to income or loss of the consolidated group. ASC 740, Accounting for Income Taxes The Company’s effective tax rate for the three and nine months ended September 30, 2015 was 32%, compared with 32% and 31% for the three and nine months ended September 30, 2014, respectively. The effective tax rate differs from the statutory Federal rate of 34% and Tennessee excise rate of 6.5% primarily due to investments in qualified municipal securities; company owned life insurance and certain non-deductible expenses.

Minimum Regulatory Capital Requ

Minimum Regulatory Capital Requirements	9 Months Ended
	Sep. 30, 2015
Regulatory Capital Requirements [Abstract]
Minimum Regulatory Capital Requirements	(8 ) Minimum Regulatory Capital Requirements The Corporation and the Bank are subject to various regulatory capital requirements administered by the federal banking agencies. Failure to meet minimum capital requirements can initiate certain mandatory and possibly additional discretionary actions by regulators that, if undertaken, could have a direct material effect on the Company’s financial statements. Under capital adequacy guidelines and the regulatory framework for prompt corrective action, the Corporation and the Bank must meet specific capital guidelines that involve quantitative measures of its assets, liabilities and certain off-balance sheet items as calculated under regulatory accounting practices. The capital amounts and classification are also subject to qualitative criteria by the regulators about components, risk weightings, and other factors. Prompt corrective action provisions are not applicable to bank holding companies. Quantitative measures established by regulation to ensure capital adequacy require the Bank to maintain minimum amounts and ratios (set forth in the following table) of total and Tier 1 capital (as defined in the regulations) to risk weighted assets (as defined) and of Tier 1 capital (as defined) to average assets (as defined). In July 2013, the Federal Reserve Board and the FDIC approved final rules that substantially amend the regulatory risk-based capital rules applicable to the Bank and the Corporation. The final rules implement the regulatory capital reforms of the Basel Committee on Banking Supervision reflected in "Basel III: A Global Regulatory Framework for More Resilient Banks and Banking Systems" (Basel III) and changes required by the Dodd-Frank Act. Under these rules which became effective on January 1, 2015, the leverage and risk-based capital ratios of bank holding companies may not be lower than the leverage and risk-based capital ratios for insured depository institutions. The final rules also include new minimum risk-based capital and leverage ratios. Moreover, these rules refine the definition of what constitutes "capital" for purposes of calculating those ratios, including the definitions of Tier 1 capital and Tier 2 capital. The rules also establish a "capital conservation buffer" of 2.5% (to be phased in over three years) above the new regulatory minimum risk-based capital ratios, and result in the following minimum ratios once the capital conservation buffer is fully phased in: (i) a common equity Tier 1 risk-based capital ratio of 7.0%, (ii) a Tier 1 risk-based capital ratio of 8.5%, and (iii) a total risk-based capital ratio of 10.5%. The capital conservation buffer requirement is to be phased in beginning in January 2016 at 0.625% of risk-weighted assets and will increase each year until fully implemented in January 2019. An institution will be subject to limitations on paying dividends, engaging in share repurchases and paying discretionary bonuses if capital levels fall below minimum levels plus the buffer amounts. These limitations establish a maximum percentage of eligible retained income that could be utilized for such actions. As of September 30, 2015, management believes the Corporation and the Bank met all capital adequacy requirements to which they are subject to be classified as Well Capitalized an in compliance with the capital conservation buffer requirement. There are no conditions or events that have occurred since September 30, 2015 that management believes have impacted the Corporation and the Bank’s regulatory capital classification.

Capital Stock

Capital Stock	9 Months Ended
	Sep. 30, 2015
Equity [Abstract]
Capital Stock	( 9 ) Capital Stock The Corporation’s charter authorizes 10,000,000 shares of preferred stock, no par value. Shares of the preferred stock may be issued from time to time in one or more series, each such series to be so designated as to distinguish the shares from the shares of all other series and classes. The Board of Directors has the authority to divide any or all classes of preferred stock into series and to fix and determine the relative rights and preferences of the shares of any series so established. In October 2008, the Emergency Economic Stabilization Act of 2008 was enacted and the U.S. Department of the Treasury (Treasury) announced the Troubled Asset Relief Program Capital Purchase Program (CPP). On February 27, 2009, the Corporation entered into a Letter of Agreement with Treasury pursuant to which, among other things, the Corporation sold to Treasury for an aggregate purchase price of $7.4 million, 7,400 shares of Series A Preferred Stock and a warrant to purchase up to 370 shares of Series B Preferred Stock. The warrant was exercised by Treasury concurrent with the Series A Preferred Stock purchase. On September 15, 2011, the Corporation redeemed all preferred shares the Corporation originally issued to Treasury under the CPP. The Corporation paid Treasury approximately $7.8 million, which included accrued dividends. Concurrently, the Corporation entered into a Securities Purchase Agreement with Treasury, pursuant to which the Corporation issued 18,950 shares of Senior Non Cumulative Perpetual Preferred Stock, Series C (Preferred Stock), having a liquidation amount per share of $1,000, for a total purchase price of $18,950,000. The Corporation contributed $18.14 million of the purchase price to its wholly owned subsidiary, the Bank. On March 2, 2015, the Corporation redeemed all 18,950 outstanding shares of the Preferred Stock at a redemption price of $1,000 per share, plus any unpaid and accrued dividends. Dividends . The Corporation has not paid any cash dividends on our common stock since inception; however, our growth plans may provide the opportunity for us to consider a dividend program at some point in the future. Pursuant to Tennessee banking law, the Bank may not, without the prior consent of the Tennessee Department of Financial Institutions, pay any dividends to the Corporation in a calendar year in excess of the total of the Bank’s net profits for that year plus the retained profits for the preceding two years. Our future dividend policy will depend on earnings, capital position, financial condition and other factors, including new regulatory capital requirements, as they become known to us.

Accumulated Other Comprehensive

Accumulated Other Comprehensive Income (Loss)	9 Months Ended
	Sep. 30, 2015
Equity [Abstract]
Accumulated Other Comprehensive Income (Loss)	(10) Accumulated Other Comprehensive Income (Loss) Significant amounts reclassified out of Accumulated other comprehensive income (loss) for the three and nine months ended September 30, 2015 and 2014 are as follows: Amounts Reclassified From Three Months Ended Nine Months Ended Accumulated Other Comprehensive Affected Line Items in the September 30, September 30, Income (Loss) Consolidated Statements of Income 2015 2014 2015 2014 (In Thousands) Gains realized on sale of investment securities Net gain on sale of available-for-sale securities $ 19 - 234 12 Tax effect Income tax expense (7 ) - (89 ) (5 ) Total reclassifications out of accumulated other comprehensive income $ 12 - 145 7 The activity in accumulated other comprehensive income (loss) for the nine months ended September 30, 2015 and 2014 is as follows: 2015 2014 Unrealized Gains (Losses) on Securities Available-for-Sale Unrealized Gains (Losses) on Cash Flow Hedges Total Unrealized Gains (Losses) on Securities Available-for-Sale Unrealized Gains (Losses) on Cash Flow Hedges Total (In Thousands) Beginning Balance, December 31 $ (2,108 ) (377 ) (2,485 ) (5,718 ) - (5,718 ) Other comprehensive income (loss) before reclassifications 1,034 (440 ) 594 2,671 (58 ) 2,613 Amounts reclassified from accumulated other comprehensive loss 145 - 145 7 - 7 Period Change 1,179 (440 ) 739 2,678 (58 ) 2,620 Ending Balance, September 30 $ (929 ) (817 ) (1,746 ) (3,040 ) (58 ) (3,098 )

Subsequent Events

Subsequent Events	9 Months Ended
	Sep. 30, 2015
Subsequent Events [Abstract]
Subsequent Events	(11) Subsequent Events The Bank closed two loans in the third quarter of 2015 totaling $2.3 million that are 75% guaranteed by the Small Business Administration (SBA). Both loans are fully funded and eligible for sale and the Bank has signed sales agreements as of September 30, 2015, however, the transfer of economic benefits occurred in October of 2015. The sales resulted in a gross gain of $172,000 recognized in the Consolidated Statements of Income in October of 2015.

Summary of Significant Accoun19

Summary of Significant Accounting Policies (Policies)	9 Months Ended
	Sep. 30, 2015
Accounting Policies [Abstract]
Accounting Policies	(a) Accounting Policies The accounting principles followed and the methods of applying those principles conform with accounting principles generally accepted in the United States of America and to general practices in the banking industry. The significant accounting policies applicable to Avenue Financial Holdings, Inc. (the Corporation) and its wholly owned subsidiary, Avenue Bank (the Bank) (collectively, the Company) are summarized as follows.
Nature of Operations	(b) Nature of Operations The Company provides a variety of financial services to individuals and middle market businesses through its offices in middle Tennessee. Its primary deposit products are checking, savings, money market and term certificate accounts and its primary lending products are residential real estate, commercial and industrial, commercial real estate, construction and consumer loans.
Basis of Presentation	(c) Basis of Presentation The consolidated financial statements include the accounts of the Corporation and the Bank. All significant intercompany balances and transactions have been eliminated in consolidation. The accompanying unaudited financial statements have been prepared in accordance with U.S. generally accepted accounting principles (U.S. GAAP) for interim financial information and with the instructions to Form 10-Q and Article 10 of Regulation S-X. Accordingly, they do not include all of the information and footnotes required by U.S. GAAP for complete financial statements. In the opinion of management, all adjustments (consisting of only normal recurring accruals) necessary for fair representation have been included. The results of operations and other data for the three and nine months ended September 30, 2015, are not necessarily indicative of results that may be expected for the entire fiscal year ending December 31, 2015. The accompanying unaudited consolidated financial statements were prepared in accordance with instructions for Form 10-Q and, therefore, do not include information or footnotes necessary for a complete presentation of financial position, results of operations, and cash flows in conformity with generally accepted accounting principles. Accordingly, the accompanying unaudited consolidated financial statements should be read in conjunction with the Corporation’s consolidated financial statements and related notes appearing in the 2014 Annual Report previously filed on Form 10-K. The consolidated balance sheet of the Company as of December 31, 2014 has been derived from the audited consolidated balance sheet of the Company as of that date.
Use of Estimates	(d) Use of Estimates In preparing consolidated financial statements in conformity with U.S. GAAP, management is required to make estimates and assumptions that affect the reported amounts of assets and liabilities as of the date of the balance sheet and reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. Material estimates that are particularly susceptible to significant change in the near term relate to the determination of the allowance for loan losses and the valuation of deferred tax assets, other real estate owned, and investment securities including other-than-temporary impairment. All interest accrued but not collected for loans that are placed on non-accrual or charged off is reversed against interest income. The payments received on these loans are applied to the principal balance until the loan qualifies for return to accrual status. Loans are returned to accrual status when all principal and interest amounts contractually due are brought current with on time payments for six consecutive months and future payments are reasonably assured.
Recent Accounting Pronouncements	(e) Recent Accounting Pronouncements In April 2015, the FASB issued Accounting Standards Update (ASU) 2015-03, Simplifying the Presentation of Debt Issuance Costs, In August 2014, the FASB issued ASU No. 2014-14 Receivables - Troubled Debt Restructurings by Creditors (Subtopic 310-40) - Classification of Certain Government Guaranteed Mortgage Loans upon Foreclosure In June 2014, the FASB issued ASU No. 2014-12 Compensation - Stock Compensation (Topic 718) - Accounting for Share Based Payments When the Terms of an Award Provide That a Performance Target Could Be Achieved after the Requisite Service Period In May 2014, the FASB issued ASU No. 2014-09 Revenue from Contracts with Customers (Topic 606)
Income Per Common Share	(f) Income Per Common Share Basic net income per common share available to common stockholders is computed by dividing net income available to common stockholders by the weighted average common shares outstanding for the period. Diluted net income per common share available to common stockholders excludes any common stock options or restricted share awards agreements whose exercise would be antidilutive. Typically the difference between basic and diluted weighted average shares outstanding is attributable to common stock options and restricted share awards. For the three and nine months ended September 30, 2014, approximately 286,000, respectively of antidilutive stock options were excluded from the diluted earnings per common share calculation under the treasury stock method as the strike price for an option was above the fair market value of a common share. There were no antidilutive stock options for the three and nine months ended September 30, 2015. The Company also calculated earnings per common share using the two-class method and determined that there was no material impact for the three and nine months ended September 30, 2015. The following is a summary of the basic and diluted earnings per common share calculation for each of the three and nine months ended September 30, 2015 and 2014: At or for the Three Months Ended At or for the Nine Months Ended September 30, September 30, 2015 2014 2015 2014 Basic earnings per share calculation: Numerator - Net income available to common stockholders $ 1,794,441 2,367,970 4,804,950 4,178,278 Denominator – Weighted average common shares outstanding 10,078,172 8,487,516 9,823,554 8,485,195 Basic net income per common share available to common stockholders $ 0.18 0.28 0.49 0.49 Diluted earnings per share calculation: Numerator - Net income available to common stockholders 1,794,441 2,367,970 4,804,950 4,178,278 Denominator – Average common shares outstanding 10,078,172 8,487,516 9,823,554 8,485,195 Average diluted common shares outstanding 119,244 41,410 108,793 41,410 Weighted average common shares outstanding 10,197,416 8,528,926 9,932,347 8,526,605 Diluted net income per common share available to common stockholders $ 0.18 0.28 0.48 0.49
Reclassifications	( g ) Reclassifications Certain items in prior financial statements have been reclassified to conform to the current presentation.

Summary of Significant Accoun20

Summary of Significant Accounting Policies (Tables)	9 Months Ended
	Sep. 30, 2015
Accounting Policies [Abstract]
Summary of Basic and Diluted Earnings Per Common Share	The following is a summary of the basic and diluted earnings per common share calculation for each of the three and nine months ended September 30, 2015 and 2014: At or for the Three Months Ended At or for the Nine Months Ended September 30, September 30, 2015 2014 2015 2014 Basic earnings per share calculation: Numerator - Net income available to common stockholders $ 1,794,441 2,367,970 4,804,950 4,178,278 Denominator – Weighted average common shares outstanding 10,078,172 8,487,516 9,823,554 8,485,195 Basic net income per common share available to common stockholders $ 0.18 0.28 0.49 0.49 Diluted earnings per share calculation: Numerator - Net income available to common stockholders 1,794,441 2,367,970 4,804,950 4,178,278 Denominator – Average common shares outstanding 10,078,172 8,487,516 9,823,554 8,485,195 Average diluted common shares outstanding 119,244 41,410 108,793 41,410 Weighted average common shares outstanding 10,197,416 8,528,926 9,932,347 8,526,605 Diluted net income per common share available to common stockholders $ 0.18 0.28 0.48 0.49

Securities (Tables)

Securities (Tables)	9 Months Ended
	Sep. 30, 2015
Investments Debt And Equity Securities [Abstract]
Schedule of Amortized Cost and Fair Value of Securities Available-for-Sale and Held-to-Maturity	The amortized cost and fair value of securities available-for-sale and held-to-maturity at September 30, 2015 and December 31, 2014 are summarized as follows: September 30, 2015 Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Fair Value (In Thousands) Securities available-for-sale: U.S. government agency securities $ 45,329 280 318 45,291 State and municipal securities 46,405 759 57 47,107 Corporate notes 8,668 25 10 8,683 Mortgage-backed securities 109,240 659 969 108,930 $ 209,642 1,723 1,354 210,011 Securities held-to-maturity: State and municipal securities $ 2,710 78 - 2,788 Mortgage-backed securities 2,152 6 7 2,151 $ 4,862 84 7 4,939 December 31, 2014 Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Fair Value (In Thousands) Securities available-for-sale: U.S. government agency securities $ 14,492 5 240 14,257 State and municipal securities 38,688 646 90 39,244 Corporate notes 8,817 17 36 8,798 Mortgage-backed securities 159,530 799 2,166 158,163 $ 221,527 1,467 2,532 220,462 Securities held-to-maturity: State and municipal securities $ 2,717 121 - 2,838 $ 2,717 121 - 2,838
Schedule of Gross Realized Gains and Losses from Security Sales	Gross realized gains and losses from security sales for the three and nine months ended September 30, 2015 are as follows: At or for the Three Months Ended At or for the Nine Months Ended September 30, September 30, 2015 2014 2015 2014 (In Thousands) Gross realized gains $ 30 - 296 530 Gross realized losses (11 ) - (62 ) (518 )
Schedule of Amortized Cost and Estimated Fair Value of Securities by Contractual Maturity	The amortized cost and estimated fair value of securities at September 30, 2015, by contractual maturity, are shown below: Available-for-sale Held-to-maturity Amortized Cost Fair Value Amortized Cost Fair Value (In Thousands) Due in one year or less $ 3,350 3,365 - - Due in one year to five years 26,487 26,679 - - Due in five years to ten years 43,161 43,672 1,505 1,545 Due after ten years 27,404 27,365 1,205 1,243 Mortgage-backed securities 109,240 108,930 2,152 2,151 $ 209,642 210,011 4,862 4,939
Schedule of Unrealized Losses of Securities Available-for-Sale and Held-to-Maturity	Securities available-for-sale and held-to-maturity with unrealized losses as of September 30, 2015 and December 31, 2014, and the length of time they have been in continuous loss positions were as follows: Investments with an Unrealized Loss of less than 12 months Investments with an Unrealized Loss 12 months or longer Total Investments with an Unrealized Loss Fair value Unrealized losses Fair value Unrealized losses Fair value Unrealized losses (In Thousands) As of September 30, 2015 U.S. government agencies $ 9,693 (277 ) 4,959 (41 ) 14,652 (318 ) State and municipal securities 4,704 (41 ) 1,989 (16 ) 6,693 (57 ) Corporate notes 4,481 (10 ) - - 4,481 (10 ) Mortgage-backed securities 12,231 (51 ) 57,292 (925 ) 69,523 (976 ) Total temporarily impaired $ 31,109 (379 ) 64,240 (982 ) 95,349 (1,361 ) As of December 31, 2014 U.S. government agencies $ 2,494 (5 ) 10,759 (235 ) 13,253 (240 ) State and municipal securities 4,369 (19 ) 2,963 (71 ) 7,332 (90 ) Corporate notes 2,222 (4 ) 4,553 (32 ) 6,775 (36 ) Mortgage-backed securities 4,891 (21 ) 93,517 (2,145 ) 98,408 (2,166 ) Total temporarily impaired $ 13,976 (49 ) 111,792 (2,483 ) 125,768 (2,532 )

Loans and Allowance for Loan 22

Loans and Allowance for Loan Losses (Tables)	9 Months Ended
	Sep. 30, 2015
Loans And Leases Receivable Disclosure [Abstract]
Summary of Loans Outstanding by Segment and Class	The following table summarizes the balance of loans outstanding by segment and class as of September 30, 2015 and December 31, 2014: September 30, 2015 December 31, 2014 (In Thousands) Residential real estate: Mortgage $ 128,526 110,929 Multi-family 9,259 11,310 Commercial and industrial 285,381 235,911 Commercial real estate 297,385 271,001 Construction and land development 81,580 58,843 Consumer 10,126 5,915 Other 833 875 Total loans 813,090 694,784 Net deferred loan origination costs and fees (1,030 ) (876 ) Less allowance for loan losses (9,632 ) (8,518 ) Net loans $ 802,428 685,390
Summary of Loan Balances (Recorded Investment) by Segment as well as Risk Rating Category	The following tables present the loan balances (recorded investment) by segment as well as risk rating category as of September 30, 2015 and December 31, 2014: Pass Special Mention Substandard Non-accrual Doubtful Total Grade 1-5 Grade 6 Grade 7 Total Grade 8 Grade 9 Loans (In Thousands) September 30, 2015 Residential real estate: Mortgage $ 127,834 - 532 128,366 160 - 128,526 Multi-family 9,259 - - 9,259 - - 9,259 Commercial and industrial 285,107 - 143 285,250 131 - 285,381 Commercial real estate 297,232 - 153 297,385 - - 297,385 Construction and land development 81,156 - 424 81,580 - - 81,580 Consumer 10,099 - - 10,099 27 - 10,126 Other 833 - - 833 - - 833 $ 811,520 - 1,252 812,772 318 - 813,090 Pass Special Mention Substandard Non-accrual Doubtful Total Grade 1-5 Grade 6 Grade 7 Total Grade 8 Grade 9 Loans (In Thousands) December 31, 2014 Residential real estate: Mortgage $ 108,325 - 2,427 110,752 177 - 110,929 Multi-family 11,310 - - 11,310 - - 11,310 Commercial and industrial 235,208 - 214 235,422 489 - 235,911 Commercial real estate 267,567 - 3,434 271,001 - - 271,001 Construction and land development 58,158 - 685 58,843 - - 58,843 Consumer 5,886 - - 5,886 29 - 5,915 Other 875 - - 875 - - 875 $ 687,329 - 6,760 694,089 695 - 694,784
Summary of Recorded Investment on the Balance Sheet and the Unpaid Principal Balance	Additional information on the Bank’s impaired loans that were evaluated for specific loss allowance as of September 30, 2015 and December 31, 2014 including the recorded investment on the balance sheet and the unpaid principal balance is shown below: At September 30, 2015 Recorded Investment Unpaid Principal Balance Related Allowance (In Thousands) Impaired loans with no recorded allowance: Residential real estate: Mortgage $ 160 175 - Commercial and industrial 131 250 - Construction and land development 424 424 - Total 715 849 - Impaired loans with a recorded allowance: Residential real estate: Mortgage 224 224 8 Consumer 27 27 27 Total 251 251 35 Total impaired loans $ 966 1,100 35 At December 31, 2014 Recorded Investment Unpaid Principal Balance Related Allowance (In Thousands) Impaired loans with no recorded allowance: Commercial and industrial $ 172 292 - Total 172 292 - Impaired loans with a recorded allowance: Residential real estate: Mortgage 2,604 2,619 130 Commercial and industrial 317 320 292 Construction and land development 685 685 79 Consumer 29 29 29 Total 3,635 3,653 530 Total impaired loans $ 3,807 3,945 530 Three Months Ended Nine Months Ended September 30, 2015 September 30, 2015 Average Recorded Investment Interest Income Recognized (1) Average Recorded Investment Interest Income Recognized (1) (In Thousands) Impaired loans with no recorded allowance: Residential real estate: Mortgage $ 162 - 166 - Commercial and industrial 131 - 131 - Construction and land development 434 5 449 14 Total 727 5 746 14 Impaired loans with a recorded allowance: Residential real estate: Mortgage 226 2 228 7 Consumer 27 - 28 - Total 253 2 256 7 Total impaired loans $ 980 7 1,002 21 Three Months Ended Nine Months Ended September 30, 2014 September 30, 2014 Average Recorded Investment Interest Income Recognized (1) Average Recorded Investment Interest Income Recognized (1) (In Thousands) Impaired loans with no recorded allowance: Commercial and industrial $ 131 - 131 - Total 131 - 131 - Impaired loans with a recorded allowance: Residential real estate: Mortgage 2,624 34 2,627 75 Commercial and industrial 552 - 559 2 Construction and land development 2,596 12 2,742 37 Consumer 30 - 31 - Total 5,802 46 5,959 114 Total impaired loans $ 5,933 46 6,090 114 (1) Includes income recognized in earnings for impaired accruing loans only. All non-accrual loans did not have any interest recognized in the three or nine months ended September 30, 2015 and 2014.
Summary of Loan Segment Allocated Between Performing and Impaired Status	The following tables present past due balances at September 30, 2015 and December 31, 2014 and by loan segment allocated between performing and non-accrual status: 30-89 days past due and accruing 90 days or more past due and accruing Total past due and accruing Current and accruing Non-accrual Total Loans (In Thousands) September 30, 2015 Residential real estate: Mortgage $ 86 - 86 128,280 160 128,526 Multi-family - - - 9,259 - 9,259 Commercial and industrial 144 - 144 285,106 131 285,381 Commercial real estate 154 - 154 297,231 - 297,385 Construction and land development - - - 81,580 - 81,580 Consumer - - - 10,099 27 10,126 Other - - - 833 - 833 $ 384 - 384 812,388 318 813,090 30-89 days past due and accruing 90 days or more past due and accruing Total past due and accruing Current and accruing Non-accrual Total Loans (In Thousands) December 31, 2014 Residential real estate: Mortgage $ - - - 110,752 177 110,929 Multi-family - - - 11,310 - 11,310 Commercial and industrial - - - 235,422 489 235,911 Commercial real estate - - - 271,001 - 271,001 Construction and land development - - - 58,843 - 58,843 Consumer 8 - 8 5,878 29 5,915 Other - - - 875 - 875 $ 8 - 8 694,081 695 694,784
Summary of Recorded Investment Loan Segment Based on Impaired Method	The following table presents the balance in the recorded investment in loans by loan segment based on impairment method: Real Estate Mortgage Real Estate Multi-family Commercial and Industrial Commercial Real Estate Construction and Land Development Consumer Other Total Loans (In Thousands) September 30, 2015 Loans $ 128,526 9,259 285,381 297,385 81,580 10,126 833 813,090 Loans individually evaluated for impairment 384 - 131 - 424 27 - 966 Loans collectively evaluated for impairment 128,142 9,259 285,250 297,385 81,156 10,099 833 812,124 Loans acquired with deteriorated credit quality - - - - - - - - December 31, 2014 Loans $ 110,929 11,310 235,911 271,001 58,843 5,915 875 694,784 Loans individually evaluated for impairment 2,604 - 489 - 685 29 - 3,807 Loans collectively evaluated for impairment 108,325 11,310 235,422 271,001 58,158 5,886 875 690,977 Loans acquired with deteriorated credit quality - - - - - - - -
Summary of Roll Forward of Allowance for Loan Losses	The following table provides a roll forward of the allowance for loan losses from December 31, 2013 to September 30, 2014 and December 31, 2014 to September 30, 2015 by loan segment: Residential Real-Estate Commercial and Industrial Commercial Real Estate Construction and Land Development Consumer Other Total (In Thousands) Balances, June 30, 2015 $ 1,256 2,661 3,267 2,059 63 6 9,312 Charged-off loans - (300 ) - - - - (300 ) Recovery of previously charged-off loans 1 2 - 3 - - 6 Provision for loan losses 305 578 (229 ) (52 ) 14 (2 ) 614 Balances, September 30, 2015 $ 1,562 2,941 3,038 2,010 77 4 9,632 Balances, December 31, 2014 $ 1,244 2,402 3,131 1,675 62 4 8,518 Charged-off loans (6 ) (593 ) - - (8 ) - (607 ) Recovery of previously charged-off loans 2 18 - 79 - - 99 Provision for loan losses 322 1,114 (93 ) 256 23 - 1,622 Balances, September 30, 2015 $ 1,562 2,941 3,038 2,010 77 4 9,632 Balances, June 30, 2014 $ 1,741 2,541 3,245 1,004 94 - 8,625 Charged-off loans - - - - - - - Recovery of previously charged-off loans - - - 4 - - 4 Provision for loan losses (54 ) 32 (133 ) (80 ) 1 12 (222 ) Balances, September 30, 2014 $ 1,687 2,573 3,112 928 95 12 8,407 Balances, December 31, 2013 $ 1,368 1,995 2,754 997 61 29 7,204 Charged-off loans - - - - - - - Recovery of previously charged-off loans 1 - - 15 - - 16 Provision for loan losses 318 578 358 (84 ) 34 (17 ) 1,187 Balances, September 30, 2014 $ 1,687 2,573 3,112 928 95 12 8,407 The following table presents the balance in the allowance for loan losses by loan segment based on impairment method: Residential Real-Estate Commercial and Industrial Commercial Real Estate Construction and Land Development Consumer Other Total (In Thousands) Balances, September 30, 2015 Allowance for loans individually evaluated for impairment $ 8 - - - 27 - 35 Allowance for loans collectively evaluated for impairment $ 1,554 2,941 3,038 2,010 50 4 9,597 Balances, December 31, 2014 Allowance for loans individually evaluated for impairment $ 130 292 - 79 29 - 530 Allowance for loans collectively evaluated for impairment $ 1,114 2,110 3,131 1,596 33 4 7,988

Derivatives (Tables)

Derivatives (Tables)	9 Months Ended
	Sep. 30, 2015
Derivative Instruments And Hedging Activities Disclosure [Abstract]
Summary of Interest Rate Swaps to Facilitate Customer Transactions	A summary of interest rate swaps to facilitate customer transactions as of September 30, 2015 and December 31, 2014 is included in the following table: Notional Amount Estimated Fair Value Included in Other Assets Estimated Fair Value Included in Other Liabilities (In Thousands) Interest rate swap agreements: Pay fixed / Receive variable swaps – September 30, 2015 $ 18,559 638 638 Pay fixed / Receive variable swaps – December 31, 2014 12,699 573 573
Schedule of Individual Contracts Within the Existing Relationship	The terms of the individual contracts within the existing relationship at September 30, 2015 and December 31, 2014 is as follows: September 30, 2015 December 31, 2014 Forecasted Notional Amount Receive Rate Pay Rate Term Other Liabilities Unrealized (Gain) Loss in Accumulated Other Comprehensive (Loss) Income Other Liabilities Unrealized (Gain) Loss in Accumulated Other Comprehensive (Loss) Income (Dollars in Thousands) Interest Rate Swap $ - 1 month LIBOR plus 35 basis points 2.99 % Nov. 2015 - May 2021 $ - - 297 183 Interest Rate Swap 10,000 1 month LIBOR plus 35 basis points 2.98 May 2016 - May 2021 560 346 196 121 Interest Rate Swap 10,000 1 month LIBOR plus 35 basis points 3.03 March 2017 - May 2021 412 254 118 73 Interest Rate Swap 25,000 2.09% 1.50 April 2015 - April 2022 (41 ) (25 ) - - $ 45,000 $ 931 575 611 377

Fair Value of Financial Instr24

Fair Value of Financial Instruments (Tables)	9 Months Ended
	Sep. 30, 2015
Fair Value Disclosures [Abstract]
Summary of Financial Assets and Liabilities Measured at Fair Value on Recurring Basis	The following tables summarize financial assets and financial liabilities measured at fair value on a recurring basis as of September 30, 2015 and December 31, 2014, segregated by the level of the valuation inputs within the fair value hierarchy utilized to measure fair value: Total Carrying Value in the Consolidated Balance Sheet Quoted Market Prices in an Active Market (Level 1) Models with Significant Observable Market Parameters (Level 2) Models with Significant Unobservable Market Parameters (Level 3) (In Thousands) September 30, 2015 Investment securities (AFS) U.S. government agencies $ 45,291 - 45,291 - State and municipal securities 47,107 - 47,107 - Corporate notes 8,683 - 8,683 - Mortgage-backed securities 108,930 - 108,930 - Total investment securities available-for-sale 210,011 - 210,011 - Derivative assets 638 - 638 - Total assets at fair value $ 210,649 - 210,649 - Derivative liabilities $ 1,569 - 1,569 - Total liabilities at fair value $ 1,569 - 1,569 - Total Carrying Value in the Consolidated Balance Sheet Quoted Market Prices in an Active Market (Level 1) Models with Significant Observable Market Parameters (Level 2) Models with Significant Unobservable Market Parameters (Level 3) (In Thousands) December 31, 2014 Investment securities (AFS) U.S. government agencies $ 14,257 - 14,257 - State and municipal securities 39,244 - 39,244 - Corporate notes 8,798 - 8,798 - Mortgage-backed securities 158,163 - 158,163 - Total investment securities available-for-sale 220,462 - 220,462 - Derivative assets 573 - 573 - Total assets at fair value $ 221,035 - 221,035 - Derivative liabilities $ 1,184 - 1,184 - Total liabilities at fair value $ 1,184 - 1,184 -
Quantitative Information about Unobservable Inputs Used In Recurring and Nonrecurring Level 3 Fair Value Measurements	The following table presents quantitative information about unobservable inputs used in recurring and nonrecurring level 3 fair value measurements at September 30, 2015 and December 31, 2014: Fair value Valuation Technique Unobservable Inputs Range (weighted average) (In Thousands) September 30, 2015 Impaired loans (collateral dependent) $ 774 Discounted appraisals Appraisal adjustments 11% - 20% (17%) Other real estate owned $ 992 Discounted appraisals Appraisal adjustments 6% - 28% (23%) December 31, 2014 Impaired loans (collateral dependent) $ 2,760 Discounted appraisals Appraisal adjustments 10% - 27% (13%) Other real estate owned $ 3,376 Discounted appraisals Appraisal adjustments 6% - 28% (13%)
Summary of Estimated Fair Values of Financial Instruments	The estimated fair values of financial instruments at September 30, 2015 and December 31, 2014 were as follows: Carrying Amount Estimated Fair Value Quoted Market Prices in an Active Market (Level 1) Models with Significant Observable Market Parameters (Level 2) Models with Significant Unobservable Market Parameters (Level 3) (In Thousands) September 30, 2015 Financial assets: Cash and due from banks $ 21,308 21,308 21,308 - - Federal funds sold 2,334 2,334 2,334 - - Interest-bearing time deposits in banks 216 216 216 - - Securities available-for-sale 210,011 210,011 - 210,011 - Securities held-to-maturity 4,862 4,939 - 4,939 - Mortgage loans held-for-sale 18,389 18,509 - 18,509 - Loans, net 802,428 805,304 - - 805,304 Financial liabilities: Deposits 900,760 901,371 738,272 163,099 - Federal home loan bank advances 85,300 85,501 - 85,501 - Subordinated debt 19,606 20,000 - - 20,000 Off-balance sheet instruments: Commitments to extend credit 252,640 - - - - Standby letters of credit 11,255 55 - - 55 Carrying Amount Estimated Fair Value Quoted Market Prices in an Active Market (Level 1) Models with Significant Observable Market Parameters (Level 2) Models with Significant Unobservable Market Parameters (Level 3) (In Thousands) December 31, 2014 Financial assets: Cash and due from banks $ 17,765 17,765 17,765 - - Interest-bearing time deposits in banks 211 211 211 - - Securities available-for-sale 220,462 220,462 - 220,462 - Securities held-to-maturity 2,717 2,838 - 2,838 - Mortgage loans held-for-sale 27,237 27,463 - 27,463 - Loans, net 685,390 690,380 - - 690,380 Financial liabilities: Deposits 803,172 803,670 642,079 161,591 - Federal funds purchased 4,485 4,485 - 4,485 - Federal home loan bank advances 70,300 70,396 - 70,396 - Subordinated debt 19,577 20,000 - - 20,000 Off-balance sheet instruments: Commitments to extend credit 179,478 - - - - Standby letters of credit 10,074 98 - - 98

Commitments and Contingent Li25

Commitments and Contingent Liabilities (Tables)	9 Months Ended
	Sep. 30, 2015
Commitments And Contingencies Disclosure [Abstract]
Schedule of Financial Instruments Outstanding Contract Credit Risk	The following financial instruments were outstanding whose contract amounts represent credit risk: September 30, December 31, 2015 2014 (In Thousands) Commitments to extend credit and unfunded commitments $ 252,640 179,478 Standby letters of credit 11,255 10,074

Accumulated Other Comprehensi26

Accumulated Other Comprehensive Income (Loss) (Tables)	9 Months Ended
	Sep. 30, 2015
Equity [Abstract]
Schedule of Amounts Reclassified Out of Accumulated Other Comprehensive Income (Loss)	Significant amounts reclassified out of Accumulated other comprehensive income (loss) for the three and nine months ended September 30, 2015 and 2014 are as follows: Amounts Reclassified From Three Months Ended Nine Months Ended Accumulated Other Comprehensive Affected Line Items in the September 30, September 30, Income (Loss) Consolidated Statements of Income 2015 2014 2015 2014 (In Thousands) Gains realized on sale of investment securities Net gain on sale of available-for-sale securities $ 19 - 234 12 Tax effect Income tax expense (7 ) - (89 ) (5 ) Total reclassifications out of accumulated other comprehensive income $ 12 - 145 7
Schedule of Activity in Accumulated Other Comprehensive Income (Loss)	The activity in accumulated other comprehensive income (loss) for the nine months ended September 30, 2015 and 2014 is as follows: 2015 2014 Unrealized Gains (Losses) on Securities Available-for-Sale Unrealized Gains (Losses) on Cash Flow Hedges Total Unrealized Gains (Losses) on Securities Available-for-Sale Unrealized Gains (Losses) on Cash Flow Hedges Total (In Thousands) Beginning Balance, December 31 $ (2,108 ) (377 ) (2,485 ) (5,718 ) - (5,718 ) Other comprehensive income (loss) before reclassifications 1,034 (440 ) 594 2,671 (58 ) 2,613 Amounts reclassified from accumulated other comprehensive loss 145 - 145 7 - 7 Period Change 1,179 (440 ) 739 2,678 (58 ) 2,620 Ending Balance, September 30 $ (929 ) (817 ) (1,746 ) (3,040 ) (58 ) (3,098 )

Summary of Significant Accoun27

Summary of Significant Accounting Policies - Additional Information (Details) - USD ($)	3 Months Ended		6 Months Ended	9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Jun. 30, 2015	Sep. 30, 2015	Sep. 30, 2014
Accounting Policies [Abstract]
Debt issuance cost			$ 404,000
Antidilutive securities excluded from computation of earnings per share, amount	0	286,000		0	286,000

Summary of Significant Accoun28

Summary of Significant Accounting Policies - Summary of Basic and Diluted Earnings Per Common Share (Details) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Basic earnings per share calculation:
Numerator - Net income available to common stockholders	$ 1,794,441	$ 2,367,970	$ 4,804,950	$ 4,178,278
Denominator – Weighted average common shares outstanding	10,078,172	8,487,516	9,823,554	8,485,195
Basic net income per common share available to common stockholders	$ 0.18	$ 0.28	$ 0.49	$ 0.49
Diluted earnings per share calculation:
Numerator - Net income available to common stockholders	$ 1,794,441	$ 2,367,970	$ 4,804,950	$ 4,178,278
Denominator – Weighted average common shares outstanding	10,078,172	8,487,516	9,823,554	8,485,195
Average diluted common shares outstanding	119,244	41,410	108,793	41,410
Weighted average common shares outstanding	10,197,416	8,528,926	9,932,347	8,526,605
Diluted net income per common share available to common stockholders	$ 0.18	$ 0.28	$ 0.48	$ 0.49

Securities - Schedule of Amorti

Securities - Schedule of Amortized Cost and Fair Value of Securities Available-for-Sale and Held-to-Maturity (Details) - USD ($)	Sep. 30, 2015	Dec. 31, 2014
Securities available-for-sale:
Available for Sale, Amortized Cost	$ 209,642,000	$ 221,527,000
Available for Sale, Gross Unrealized Gains	1,723,000	1,467,000
Available for Sale Gross Unrealized Losses	1,354,000	2,532,000
Securities available-for-sale, at fair value	210,010,981	220,461,939
Securities held-to-maturity:
Held to Maturity, Amortized Cost	4,862,285	2,716,908
Held to Maturity, Gross Unrealized Gains	84,000	121,000
Held to Maturity, Gross Unrealized Losses	7,000
Held-to-maturity securities, fair value	4,938,566	2,837,721
U.S. Government Agencies Securities
Securities available-for-sale:
Available for Sale, Amortized Cost	45,329,000	14,492,000
Available for Sale, Gross Unrealized Gains	280,000	5,000
Available for Sale Gross Unrealized Losses	318,000	240,000
Securities available-for-sale, at fair value	45,291,000	14,257,000
State and Municipal Securities
Securities available-for-sale:
Available for Sale, Amortized Cost	46,405,000	38,688,000
Available for Sale, Gross Unrealized Gains	759,000	646,000
Available for Sale Gross Unrealized Losses	57,000	90,000
Securities available-for-sale, at fair value	47,107,000	39,244,000
Securities held-to-maturity:
Held to Maturity, Amortized Cost	2,710,000	2,717,000
Held to Maturity, Gross Unrealized Gains	78,000	121,000
Held-to-maturity securities, fair value	2,788,000	2,838,000
Corporate Notes
Securities available-for-sale:
Available for Sale, Amortized Cost	8,668,000	8,817,000
Available for Sale, Gross Unrealized Gains	25,000	17,000
Available for Sale Gross Unrealized Losses	10,000	36,000
Securities available-for-sale, at fair value	8,683,000	8,798,000
Mortgage-Backed Securities
Securities available-for-sale:
Available for Sale, Amortized Cost	109,240,000	159,530,000
Available for Sale, Gross Unrealized Gains	659,000	799,000
Available for Sale Gross Unrealized Losses	969,000	2,166,000
Securities available-for-sale, at fair value	108,930,000	$ 158,163,000
Securities held-to-maturity:
Held to Maturity, Amortized Cost	2,152,000
Held to Maturity, Gross Unrealized Gains	6,000
Held to Maturity, Gross Unrealized Losses	7,000
Held-to-maturity securities, fair value	$ 2,151,000

Securities - Schedule of Gross

Securities - Schedule of Gross Realized Gains and Losses from Security Sales (Details) - USD ($) $ in Thousands	3 Months Ended	9 Months Ended
	Sep. 30, 2015	Sep. 30, 2015	Sep. 30, 2014
Investments Debt And Equity Securities [Abstract]
Gross realized gains	$ 30	$ 296	$ 530
Gross realized losses	$ (11)	$ (62)	$ (518)

Securities - Schedule of Amor31

Securities - Schedule of Amortized Cost and Estimated Fair Value of Securities by Contractual Maturity (Details) - USD ($)	Sep. 30, 2015	Dec. 31, 2014
Available-for-sale
Due in one year or less, Amortized Cost	$ 3,350,000
Due in one year to five years, Amortized Cost	26,487,000
Due in five years to ten years, Amortized Cost	43,161,000
Due after ten years, Amortized Cost	27,404,000
Mortgage-backed securities, Amortized Cost	109,240,000
Available-for-sale, Amortized Cost	209,642,000
Available-for-sale
Due in one year or less, Fair Value	3,365,000
Due in one year to five years, Fair Value	26,679,000
Due in five years to ten years, Fair Value	43,672,000
Due after ten years, Fair Value	27,365,000
Mortgage-backed securities, Fair Value	108,930,000
Available-for-sale, Fair Value	210,010,981	$ 220,461,939
Held-to-maturity
Due in five years to ten years, Amortized Cost	1,505,000
Due after ten years, Amortized Cost	1,205,000
Mortgage-backed securities, Amortized Cost	2,152,000
Held to Maturity, Amortized Cost	4,862,285	2,716,908
Held-to-maturity
Due in five years to ten years, Fair Value	1,545,000
Due after ten years, Fair Value	1,243,000
Mortgage-backed securities, Fair Value	2,151,000
Held-to-maturity, Fair Value	$ 4,938,566	$ 2,837,721

Securities - Additional Informa

Securities - Additional Information (Details) - USD ($) $ in Thousands	Sep. 30, 2015	Dec. 31, 2014
Schedule Of Available For Sale Securities [Line Items]
Amortized cost	$ 209,642	$ 221,527
Securities pledged as collateral, fair value	$ 25,700	$ 24,100
Aggregate book value exceeded stockholders' equity	10.00%	10.00%
Unrealized losses on available-for-sale and held-to-maturity securities	$ (1,400)
Available-for-sale and held-to-maturity securities fair value	95,349	$ 125,768
Available For Sale Securities
Schedule Of Available For Sale Securities [Line Items]
Amortized cost	$ 25,600	$ 24,000

Securities - Schedule of Unreal

Securities - Schedule of Unrealized Losses of Securities Available-for-Sale and Held-to-Maturity (Details) - USD ($) $ in Thousands	Sep. 30, 2015	Dec. 31, 2014
Available-for-sale securities and held-for-maturity, continuous unrealized loss position [Abstract]
Investments with an Unrealized Loss of less than 12 months, Fair value	$ 31,109	$ 13,976
Investments with an Unrealized Loss of less than 12 months, Unrealized losses	(379)	(49)
Investments with an Unrealized Loss 12 months or longer, Fair value	64,240	111,792
Investments with an Unrealized Loss 12 months or longer, unrealized losses	(982)	(2,483)
Total Investments with an Unrealized Loss, Fair value	95,349	125,768
Total Investments with an Unrealized Loss, Unrealized losses	(1,361)	(2,532)
U.S. Government Agencies Securities
Available-for-sale securities and held-for-maturity, continuous unrealized loss position [Abstract]
Investments with an Unrealized Loss of less than 12 months, Fair value	9,693	2,494
Investments with an Unrealized Loss of less than 12 months, Unrealized losses	(277)	(5)
Investments with an Unrealized Loss 12 months or longer, Fair value	4,959	10,759
Investments with an Unrealized Loss 12 months or longer, unrealized losses	(41)	(235)
Total Investments with an Unrealized Loss, Fair value	14,652	13,253
Total Investments with an Unrealized Loss, Unrealized losses	(318)	(240)
State and Municipal Securities
Available-for-sale securities and held-for-maturity, continuous unrealized loss position [Abstract]
Investments with an Unrealized Loss of less than 12 months, Fair value	4,704	4,369
Investments with an Unrealized Loss of less than 12 months, Unrealized losses	(41)	(19)
Investments with an Unrealized Loss 12 months or longer, Fair value	1,989	2,963
Investments with an Unrealized Loss 12 months or longer, unrealized losses	(16)	(71)
Total Investments with an Unrealized Loss, Fair value	6,693	7,332
Total Investments with an Unrealized Loss, Unrealized losses	(57)	(90)
Corporate Notes
Available-for-sale securities and held-for-maturity, continuous unrealized loss position [Abstract]
Investments with an Unrealized Loss of less than 12 months, Fair value	4,481	2,222
Investments with an Unrealized Loss of less than 12 months, Unrealized losses	(10)	(4)
Investments with an Unrealized Loss 12 months or longer, Fair value		4,553
Investments with an Unrealized Loss 12 months or longer, unrealized losses		(32)
Total Investments with an Unrealized Loss, Fair value	4,481	6,775
Total Investments with an Unrealized Loss, Unrealized losses	(10)	(36)
Mortgage-Backed Securities
Available-for-sale securities and held-for-maturity, continuous unrealized loss position [Abstract]
Investments with an Unrealized Loss of less than 12 months, Fair value	12,231	4,891
Investments with an Unrealized Loss of less than 12 months, Unrealized losses	(51)	(21)
Investments with an Unrealized Loss 12 months or longer, Fair value	57,292	93,517
Investments with an Unrealized Loss 12 months or longer, unrealized losses	(925)	(2,145)
Total Investments with an Unrealized Loss, Fair value	69,523	98,408
Total Investments with an Unrealized Loss, Unrealized losses	$ (976)	$ (2,166)

Loans and Allowance for Loan 34

Loans and Allowance for Loan Losses - Additional Information (Details)	3 Months Ended		9 Months Ended		12 Months Ended
	Sep. 30, 2015USD ($)	Sep. 30, 2014USD ($)	Sep. 30, 2015USD ($)SegmentLoan	Sep. 30, 2014USD ($)Loan	Dec. 31, 2014USD ($)
Loans [Line Items]
Number of loan segments | Segment			6
Interest reserve	$ 1,539,000		$ 1,539,000
Principal balance of impaired loans	966,000		966,000		$ 3,807,000
Loans past due 30 days	384,000		384,000		8,000
Non-accrual status	318,000		318,000		695,000
Accruing status interest amount			48,000		72,000
Payments received in interest income			0		0
Troubled debt restructurings reported loans	424,000	$ 2,900,000	424,000	$ 2,900,000
Loans restructured or modified			0	0
Financing receivables impaired troubled debt restructuring paid	2,400,000		2,400,000
Commitment to lend additional funds	0	0	0	0	0
Charged-off loans	300,000		607,000
Mortgage loans held for sale	18,400,000		18,400,000		27,200,000
Portfolio loans held for sale	16,500,000	18,300,000	42,200,000	18,300,000
Gain on portfolio loans held for sale			866,385	409,896
Home equity and consumer mortgage loans
Loans [Line Items]
Secured debt	128,500,000		128,500,000
Avenue Bank
Loans [Line Items]
Gain on portfolio loans held for sale	314,000	$ 410,000	866,000	$ 410,000
Maximum | Financing Receivables Equal to Greater than 120 Days Past Due
Loans [Line Items]
Charged-off loans			25,000
Construction and Land Development
Loans [Line Items]
TDR Categorized | Loan				1
Secondary Market
Loans [Line Items]
Mortgage loans held for sale	6,400,000		$ 6,400,000		4,700,000
Loans saleable term			two to four weeks of loan closing
Portfolio
Loans [Line Items]
Mortgage loans held for sale	$ 12,000,000		$ 12,000,000		$ 22,600,000
Loans saleable term			one year
Mortgage Loan
Loans [Line Items]
TDR Categorized | Loan			1	1
Commercial Loan
Loans [Line Items]
Percentage of loan portfolio	72.00%		72.00%

Loans and Allowance for Loan 35

Loans and Allowance for Loan Losses - Summary of Loans Outstanding by Segment and Class (Details) - USD ($)	Sep. 30, 2015	Jun. 30, 2015	Dec. 31, 2014	Sep. 30, 2014	Jun. 30, 2014	Dec. 31, 2013
Financing Receivable Allowance For Credit Losses [Line Items]
Total loans	$ 813,090,000		$ 694,784,000
Net deferred loan origination costs and fees	(1,030,000)		(876,000)
Less allowance for loan losses	(9,631,617)	$ (9,312,000)	(8,517,744)	$ (8,407,000)	$ (8,625,000)	$ (7,204,000)
Net loans	802,427,664		685,390,207
Residential Multi-family
Financing Receivable Allowance For Credit Losses [Line Items]
Total loans	9,259,000		11,310,000
Commercial And Industrial
Financing Receivable Allowance For Credit Losses [Line Items]
Total loans	285,381,000		235,911,000
Less allowance for loan losses	(2,941,000)	(2,661,000)	(2,402,000)	(2,573,000)	(2,541,000)	(1,995,000)
Construction and Land Development
Financing Receivable Allowance For Credit Losses [Line Items]
Total loans	81,580,000		58,843,000
Less allowance for loan losses	(2,010,000)	(2,059,000)	(1,675,000)	(928,000)	(1,004,000)	(997,000)
Residential Mortgage
Financing Receivable Allowance For Credit Losses [Line Items]
Total loans	128,526,000		110,929,000
Commercial Real Estate
Financing Receivable Allowance For Credit Losses [Line Items]
Total loans	297,385,000		271,001,000
Less allowance for loan losses	(3,038,000)	(3,267,000)	(3,131,000)	(3,112,000)	(3,245,000)	(2,754,000)
Consumer Loan
Financing Receivable Allowance For Credit Losses [Line Items]
Total loans	10,126,000		5,915,000
Less allowance for loan losses	(77,000)	(63,000)	(62,000)	(95,000)	$ (94,000)	(61,000)
Other
Financing Receivable Allowance For Credit Losses [Line Items]
Total loans	833,000		875,000
Less allowance for loan losses	$ (4,000)	$ (6,000)	$ (4,000)	$ (12,000)		$ (29,000)

Loans and Allowance for Loan 36

Loans and Allowance for Loan Losses - Summary of Loan Balances (Recorded Investment) by Segment as well as Risk Rating Category (Details) - USD ($) $ in Thousands	Sep. 30, 2015	Dec. 31, 2014
Financing Receivable Recorded Investment [Line Items]
Total loans	$ 813,090	$ 694,784
Grade 1-7
Financing Receivable Recorded Investment [Line Items]
Total loans	812,772	694,089
Residential Multi-family
Financing Receivable Recorded Investment [Line Items]
Total loans	9,259	11,310
Residential Multi-family | Grade 1-7
Financing Receivable Recorded Investment [Line Items]
Total loans	9,259	11,310
Commercial And Industrial
Financing Receivable Recorded Investment [Line Items]
Total loans	285,381	235,911
Commercial And Industrial | Grade 1-7
Financing Receivable Recorded Investment [Line Items]
Total loans	285,250	235,422
Construction and Land Development
Financing Receivable Recorded Investment [Line Items]
Total loans	81,580	58,843
Construction and Land Development | Grade 1-7
Financing Receivable Recorded Investment [Line Items]
Total loans	81,580	58,843
Residential Mortgage
Financing Receivable Recorded Investment [Line Items]
Total loans	128,526	110,929
Residential Mortgage | Grade 1-7
Financing Receivable Recorded Investment [Line Items]
Total loans	128,366	110,752
Commercial Real Estate
Financing Receivable Recorded Investment [Line Items]
Total loans	297,385	271,001
Commercial Real Estate | Grade 1-7
Financing Receivable Recorded Investment [Line Items]
Total loans	297,385	271,001
Consumer Loan
Financing Receivable Recorded Investment [Line Items]
Total loans	10,126	5,915
Consumer Loan | Grade 1-7
Financing Receivable Recorded Investment [Line Items]
Total loans	10,099	5,886
Other
Financing Receivable Recorded Investment [Line Items]
Total loans	833	875
Other | Grade 1-7
Financing Receivable Recorded Investment [Line Items]
Total loans	833	875
Pass | Grade 1-5
Financing Receivable Recorded Investment [Line Items]
Total loans	811,520	687,329
Pass | Residential Multi-family | Grade 1-5
Financing Receivable Recorded Investment [Line Items]
Total loans	9,259	11,310
Pass | Commercial And Industrial | Grade 1-5
Financing Receivable Recorded Investment [Line Items]
Total loans	285,107	235,208
Pass | Construction and Land Development | Grade 1-5
Financing Receivable Recorded Investment [Line Items]
Total loans	81,156	58,158
Pass | Residential Mortgage | Grade 1-5
Financing Receivable Recorded Investment [Line Items]
Total loans	127,834	108,325
Pass | Commercial Real Estate | Grade 1-5
Financing Receivable Recorded Investment [Line Items]
Total loans	297,232	267,567
Pass | Consumer Loan | Grade 1-5
Financing Receivable Recorded Investment [Line Items]
Total loans	10,099	5,886
Pass | Other | Grade 1-5
Financing Receivable Recorded Investment [Line Items]
Total loans	833	875
Substandard | Grade 7
Financing Receivable Recorded Investment [Line Items]
Total loans	1,252	6,760
Substandard | Commercial And Industrial | Grade 7
Financing Receivable Recorded Investment [Line Items]
Total loans	143	214
Substandard | Construction and Land Development | Grade 7
Financing Receivable Recorded Investment [Line Items]
Total loans	424	685
Substandard | Residential Mortgage | Grade 7
Financing Receivable Recorded Investment [Line Items]
Total loans	532	2,427
Substandard | Commercial Real Estate | Grade 7
Financing Receivable Recorded Investment [Line Items]
Total loans	153	3,434
Non-accrual | Grade 8
Financing Receivable Recorded Investment [Line Items]
Total loans	318	695
Non-accrual | Commercial And Industrial | Grade 8
Financing Receivable Recorded Investment [Line Items]
Total loans	131	489
Non-accrual | Residential Mortgage | Grade 8
Financing Receivable Recorded Investment [Line Items]
Total loans	160	177
Non-accrual | Consumer Loan | Grade 8
Financing Receivable Recorded Investment [Line Items]
Total loans	$ 27	$ 29

Loans and Allowance for Loan 37

Loans and Allowance for Loan Losses - Summary of Recorded Investment on the Balance Sheet and the Unpaid Principal Balance (Details) - USD ($)		3 Months Ended		9 Months Ended
		Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014	Dec. 31, 2014
Financing Receivable Impaired [Line Items]
Total Impaired loans, recorded investment		$ 966,000		$ 966,000		$ 3,807,000
Total Impaired loans, unpaid principal balance		1,100,000		1,100,000		3,945,000
Impaired loans with a recorded allowance, related allowance		35,000		35,000		530,000
Impaired loans with a recorded allowance, unpaid principal balance		809,000		809,000		3,300,000
Impaired loans with no recorded allowance, recorded investment		715,000		715,000		172,000
Impaired loans with no recorded allowance, unpaid principal balance		849,000		849,000		292,000
Impaired loans with no recorded allowance, average recorded investment		727,000	$ 131,000	746,000	$ 131,000
Impaired loans with no recorded allowance, interest income recognized	[1]	5,000		14,000
Total Impaired loans, average recorded investment		980,000	5,933,000	1,002,000	6,090,000
Total Impaired loans, interest income recognized	[1]	7,000	46,000	21,000	114,000
Commercial And Industrial
Financing Receivable Impaired [Line Items]
Impaired loans with a recorded allowance, related allowance						292,000
Impaired loans with a recorded allowance, recorded investment						317,000
Impaired loans with a recorded allowance, unpaid principal balance						320,000
Impaired loans with no recorded allowance, recorded investment		131,000		131,000		172,000
Impaired loans with no recorded allowance, unpaid principal balance		250,000		250,000		292,000
Impaired loans with no recorded allowance, average recorded investment		131,000	131,000	131,000	131,000
Impaired loans with a recorded allowance, average recorded investment			552,000		559,000
Impaired loans with a recorded allowance, interest income recognized	[1]				2,000
Construction and Land Development
Financing Receivable Impaired [Line Items]
Impaired loans with a recorded allowance, related allowance						79,000
Impaired loans with a recorded allowance, recorded investment						685,000
Impaired loans with a recorded allowance, unpaid principal balance						685,000
Impaired loans with no recorded allowance, recorded investment		424,000		424,000
Impaired loans with no recorded allowance, unpaid principal balance		424,000		424,000
Impaired loans with no recorded allowance, average recorded investment		434,000		449,000
Impaired loans with no recorded allowance, interest income recognized	[1]	5,000		14,000
Impaired loans with a recorded allowance, average recorded investment			2,596,000		2,742,000
Impaired loans with a recorded allowance, interest income recognized	[1]		12,000		37,000
Impaired Loans With Recorded Allowance
Financing Receivable Impaired [Line Items]
Impaired loans with a recorded allowance, related allowance		35,000		35,000		530,000
Impaired loans with a recorded allowance, recorded investment		251,000		251,000		3,635,000
Impaired loans with a recorded allowance, unpaid principal balance		251,000		251,000		3,653,000
Impaired loans with a recorded allowance, average recorded investment		253,000	5,802,000	256,000	5,959,000
Impaired loans with a recorded allowance, interest income recognized	[1]	2,000	46,000	7,000	114,000
Residential Mortgage
Financing Receivable Impaired [Line Items]
Impaired loans with a recorded allowance, related allowance		8,000		8,000		130,000
Impaired loans with a recorded allowance, recorded investment		224,000		224,000		2,604,000
Impaired loans with a recorded allowance, unpaid principal balance		224,000		224,000		2,619,000
Impaired loans with no recorded allowance, recorded investment		160,000		160,000
Impaired loans with no recorded allowance, unpaid principal balance		175,000		175,000
Impaired loans with no recorded allowance, average recorded investment		162,000		166,000
Impaired loans with a recorded allowance, average recorded investment		226,000	2,624,000	228,000	2,627,000
Impaired loans with a recorded allowance, interest income recognized	[1]	2,000	34,000	7,000	75,000
Consumer Loan
Financing Receivable Impaired [Line Items]
Impaired loans with a recorded allowance, related allowance		27,000		27,000		29,000
Impaired loans with a recorded allowance, recorded investment		27,000		27,000		29,000
Impaired loans with a recorded allowance, unpaid principal balance		27,000		27,000		$ 29,000
Impaired loans with a recorded allowance, average recorded investment		$ 27,000	$ 30,000	$ 28,000	$ 31,000
[1]	Includes income recognized in earnings for impaired accruing loans only. All non-accrual loans did not have any interest recognized in the three or nine months ended September 30, 2015 and 2014.

Loans and Allowance for Loan 38

Loans and Allowance for Loan Losses - Summary of Loan Segment Allocated Between Performing and Impaired Status (Details) - USD ($) $ in Thousands	Sep. 30, 2015	Dec. 31, 2014
Financing Receivable Recorded Investment Past Due [Line Items]
30-89 days past due and accruing	$ 384	$ 8
Total past due and accruing	384	8
Current and accruing	812,388	694,081
Non-accrual	318	695
Total Loans	813,090	694,784
Residential Multi-family
Financing Receivable Recorded Investment Past Due [Line Items]
Current and accruing	9,259	11,310
Total Loans	9,259	11,310
Commercial And Industrial
Financing Receivable Recorded Investment Past Due [Line Items]
30-89 days past due and accruing	144
Total past due and accruing	144
Current and accruing	285,106	235,422
Non-accrual	131	489
Total Loans	285,381	235,911
Construction and Land Development
Financing Receivable Recorded Investment Past Due [Line Items]
Current and accruing	81,580	58,843
Total Loans	81,580	58,843
Residential Mortgage
Financing Receivable Recorded Investment Past Due [Line Items]
30-89 days past due and accruing	86
Total past due and accruing	86
Current and accruing	128,280	110,752
Non-accrual	160	177
Total Loans	128,526	110,929
Commercial Real Estate
Financing Receivable Recorded Investment Past Due [Line Items]
30-89 days past due and accruing	154
Total past due and accruing	154
Current and accruing	297,231	271,001
Total Loans	297,385	271,001
Consumer Loan
Financing Receivable Recorded Investment Past Due [Line Items]
30-89 days past due and accruing		8
Total past due and accruing		8
Current and accruing	10,099	5,878
Non-accrual	27	29
Total Loans	10,126	5,915
Other
Financing Receivable Recorded Investment Past Due [Line Items]
Current and accruing	833	875
Total Loans	$ 833	$ 875

Loans and Allowance for Loan 39

Loans and Allowance for Loan Losses - Summary of Recorded Investment Loan Segment Based on Impaired Method (Details) - USD ($) $ in Thousands	Sep. 30, 2015	Dec. 31, 2014
Financing Receivable Allowance For Credit Losses [Line Items]
Total Loans	$ 813,090	$ 694,784
Loans individually evaluated for impairment	966	3,807
Loans collectively evaluated for impairment	812,124	690,977
Residential Mortgage
Financing Receivable Allowance For Credit Losses [Line Items]
Total Loans	128,526	110,929
Loans individually evaluated for impairment	384	2,604
Loans collectively evaluated for impairment	128,142	108,325
Commercial Real Estate
Financing Receivable Allowance For Credit Losses [Line Items]
Total Loans	297,385	271,001
Loans collectively evaluated for impairment	297,385	271,001
Consumer Loan
Financing Receivable Allowance For Credit Losses [Line Items]
Total Loans	10,126	5,915
Loans individually evaluated for impairment	27	29
Loans collectively evaluated for impairment	10,099	5,886
Other
Financing Receivable Allowance For Credit Losses [Line Items]
Total Loans	833	875
Loans collectively evaluated for impairment	833	875
Residential Multi-family
Financing Receivable Allowance For Credit Losses [Line Items]
Total Loans	9,259	11,310
Loans collectively evaluated for impairment	9,259	11,310
Commercial And Industrial
Financing Receivable Allowance For Credit Losses [Line Items]
Total Loans	285,381	235,911
Loans individually evaluated for impairment	131	489
Loans collectively evaluated for impairment	285,250	235,422
Construction and Land Development
Financing Receivable Allowance For Credit Losses [Line Items]
Total Loans	81,580	58,843
Loans individually evaluated for impairment	424	685
Loans collectively evaluated for impairment	$ 81,156	$ 58,158

Loans and Allowance for Loan 40

Loans and Allowance for Loan Losses - Summary of Roll Forward of Allowance for Loan Losses (Details) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014	Dec. 31, 2014
Financing Receivable Allowance For Credit Losses [Line Items]
Beginning Balances	$ 9,312,000	$ 8,625,000	$ 8,517,744	$ 7,204,000
Charged-off loans	(300,000)		(607,000)
Recovery of previously charged-off loans	6,000	4,000	99,000	16,000
Provision for loan losses	614,000	(222,000)	1,622,000	1,187,000
Ending Balances	9,631,617	8,407,000	9,631,617	8,407,000
Allowance for loans individually evaluated for impairment	35,000		35,000		$ 530,000
Allowance for loans collectively evaluated for impairment	9,597,000		9,597,000		7,988,000
Residential Real Estate
Financing Receivable Allowance For Credit Losses [Line Items]
Beginning Balances	1,256,000	1,741,000	1,244,000	1,368,000
Charged-off loans			(6,000)
Recovery of previously charged-off loans	1,000		2,000	1,000
Provision for loan losses	305,000	(54,000)	322,000	318,000
Ending Balances	1,562,000	1,687,000	1,562,000	1,687,000
Allowance for loans individually evaluated for impairment	8,000		8,000		130,000
Allowance for loans collectively evaluated for impairment	1,554,000		1,554,000		1,114,000
Commercial Real Estate
Financing Receivable Allowance For Credit Losses [Line Items]
Beginning Balances	3,267,000	3,245,000	3,131,000	2,754,000
Provision for loan losses	(229,000)	(133,000)	(93,000)	358,000
Ending Balances	3,038,000	3,112,000	3,038,000	3,112,000
Allowance for loans collectively evaluated for impairment	3,038,000		3,038,000		3,131,000
Consumer Loan
Financing Receivable Allowance For Credit Losses [Line Items]
Beginning Balances	63,000	94,000	62,000	61,000
Charged-off loans			(8,000)
Provision for loan losses	14,000	1,000	23,000	34,000
Ending Balances	77,000	95,000	77,000	95,000
Allowance for loans individually evaluated for impairment	27,000		27,000		29,000
Allowance for loans collectively evaluated for impairment	50,000		50,000		33,000
Other
Financing Receivable Allowance For Credit Losses [Line Items]
Beginning Balances	6,000		4,000	29,000
Provision for loan losses	(2,000)	12,000		(17,000)
Ending Balances	4,000	12,000	4,000	12,000
Allowance for loans collectively evaluated for impairment	4,000		4,000		4,000
Commercial And Industrial
Financing Receivable Allowance For Credit Losses [Line Items]
Beginning Balances	2,661,000	2,541,000	2,402,000	1,995,000
Charged-off loans	(300,000)		(593,000)
Recovery of previously charged-off loans	2,000		18,000
Provision for loan losses	578,000	32,000	1,114,000	578,000
Ending Balances	2,941,000	2,573,000	2,941,000	2,573,000
Allowance for loans individually evaluated for impairment					292,000
Allowance for loans collectively evaluated for impairment	2,941,000		2,941,000		2,110,000
Construction and Land Development
Financing Receivable Allowance For Credit Losses [Line Items]
Beginning Balances	2,059,000	1,004,000	1,675,000	997,000
Recovery of previously charged-off loans	3,000	4,000	79,000	15,000
Provision for loan losses	(52,000)	(80,000)	256,000	(84,000)
Ending Balances	2,010,000	$ 928,000	2,010,000	$ 928,000
Allowance for loans individually evaluated for impairment					79,000
Allowance for loans collectively evaluated for impairment	$ 2,010,000		$ 2,010,000		$ 1,596,000

Derivatives - Summary of Intere

Derivatives - Summary of Interest Rate Swaps to Facilitate Customer Transactions (Details) - Interest Rate Swap - Pay Fixed / Receive Variable Swaps - USD ($)	Sep. 30, 2015	Dec. 31, 2014
Interest rate swap agreements [Abstract]
Interest rate swap, Estimated Fair Value Included in Other Assets	$ 638,000	$ 573,000
Interest rate swap, Estimated Fair Value Included in Other Liabilities	638,000	573,000
Not Designated as Hedging Instrument
Interest rate swap agreements [Abstract]
Interest rate swap, Notional Amount	$ 18,559,000	$ 12,699,000

Derivatives - Additional Inform

Derivatives - Additional Information (Details)	9 Months Ended
	Sep. 30, 2015USD ($)Agreement	Dec. 31, 2014Agreement
Derivative [Line Items]
Cash flow hedges, ineffectiveness amount included in net income	$ 0
Hedge termination amount will be reclassified from accumulated other comprehensive (loss) income in the next twelve months	$ 40,000
Not Designated as Hedging Instrument | Interest Rate Swap
Derivative [Line Items]
Number of delayed interest rate swap agreements held | Agreement	3	3
Number of interest rate swap agreements entered | Agreement	1
Number of interest rate swap agreements terminated | Agreement	1
Not Designated as Hedging Instrument | Interest Rate Swap, November 2015 - May 2021
Derivative [Line Items]
Notional value of derivative instruments	$ 10,000,000
Loss on derivative instruments	$ (393,000)
Derivative contract commencement date	2015-11
Derivative contract expiration date	2021-05

Derivatives - Schedule of Indiv

Derivatives - Schedule of Individual Contracts Within the Existing Relationship (Details) - Designated as Hedging Instrument - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2015	Dec. 31, 2014
Derivative [Line Items]
Interest Rate Swap, Forecasted Notional Amount	$ 45,000
Interest Rate Swap, Unrealized (Gain) Loss in Accumulated Other Comprehensive (Loss) Income	575	$ 377
Other Liabilities
Derivative [Line Items]
Interest Rate Swap	$ 931	611
Interest Rate Swap, November 2015 - May 2021
Derivative [Line Items]
Interest Rate Swap, Receive Rate	1 month LIBOR plus 35 basis points
Interest Rate Swap, Pay Rate	2.99%
Interest Rate Swap, Term, commencement date	2015-11
Interest Rate Swap, Term, expiration date	2021-05
Interest Rate Swap, Unrealized (Gain) Loss in Accumulated Other Comprehensive (Loss) Income		183
Interest Rate Swap, November 2015 - May 2021 | 1 month LIBOR plus
Derivative [Line Items]
Interest Rate Swap, Receive Rate, basis points	0.35%
Interest Rate Swap, November 2015 - May 2021 | Other Liabilities
Derivative [Line Items]
Interest Rate Swap		297
Interest Rate Swap, May 2016 - May 2021
Derivative [Line Items]
Interest Rate Swap, Forecasted Notional Amount	$ 10,000
Interest Rate Swap, Receive Rate	1 month LIBOR plus 35 basis points
Interest Rate Swap, Pay Rate	2.98%
Interest Rate Swap, Term, commencement date	2016-05
Interest Rate Swap, Term, expiration date	2021-05
Interest Rate Swap, Unrealized (Gain) Loss in Accumulated Other Comprehensive (Loss) Income	$ 346	121
Interest Rate Swap, May 2016 - May 2021 | 1 month LIBOR plus
Derivative [Line Items]
Interest Rate Swap, Receive Rate, basis points	0.35%
Interest Rate Swap, May 2016 - May 2021 | Other Liabilities
Derivative [Line Items]
Interest Rate Swap	$ 560	196
Interest Rate Swap, March 2017 - May 2021
Derivative [Line Items]
Interest Rate Swap, Forecasted Notional Amount	$ 10,000
Interest Rate Swap, Receive Rate	1 month LIBOR plus 35 basis points
Interest Rate Swap, Pay Rate	3.03%
Interest Rate Swap, Term, commencement date	2017-03
Interest Rate Swap, Term, expiration date	2021-05
Interest Rate Swap, Unrealized (Gain) Loss in Accumulated Other Comprehensive (Loss) Income	$ 254	73
Interest Rate Swap, March 2017 - May 2021 | 1 month LIBOR plus
Derivative [Line Items]
Interest Rate Swap, Receive Rate, basis points	0.35%
Interest Rate Swap, March 2017 - May 2021 | Other Liabilities
Derivative [Line Items]
Interest Rate Swap	$ 412	$ 118
Interest Rate Swap, April 2015 - April 2022
Derivative [Line Items]
Interest Rate Swap, Forecasted Notional Amount	$ 25,000
Interest Rate Swap, Receive Rate	2.09%
Interest Rate Swap, Pay Rate	1.50%
Interest Rate Swap, Term, commencement date	2015-04
Interest Rate Swap, Term, expiration date	2022-04
Interest Rate Swap, Unrealized (Gain) Loss in Accumulated Other Comprehensive (Loss) Income	$ (25)
Interest Rate Swap, April 2015 - April 2022 | Other Liabilities
Derivative [Line Items]
Interest Rate Swap	$ (41)

Fair Value of Financial Instr44

Fair Value of Financial Instruments - Summary of Financial Assets and Liabilities Measured at Fair Value on Recurring Basis (Details) - Fair Value, Measurements, Recurring - USD ($) $ in Thousands	Sep. 30, 2015	Dec. 31, 2014
Investment securities (AFS)
Total investment securities available-for-sale	$ 210,011	$ 220,462
Derivative assets	638	573
Total assets at fair value	210,649	221,035
Derivative liabilities	1,569	1,184
Total liabilities at fair value	1,569	1,184
U.S. Government Agencies Securities
Investment securities (AFS)
Total investment securities available-for-sale	45,291	14,257
State and Municipal Securities
Investment securities (AFS)
Total investment securities available-for-sale	47,107	39,244
Corporate Notes
Investment securities (AFS)
Total investment securities available-for-sale	8,683	8,798
Mortgage-Backed Securities
Investment securities (AFS)
Total investment securities available-for-sale	108,930	158,163
Models With Significant Observable Market Parameters (Level 2)
Investment securities (AFS)
Total investment securities available-for-sale	210,011	220,462
Derivative assets	638	573
Total assets at fair value	210,649	221,035
Derivative liabilities	1,569	1,184
Total liabilities at fair value	1,569	1,184
Models With Significant Observable Market Parameters (Level 2) | U.S. Government Agencies Securities
Investment securities (AFS)
Total investment securities available-for-sale	45,291	14,257
Models With Significant Observable Market Parameters (Level 2) | State and Municipal Securities
Investment securities (AFS)
Total investment securities available-for-sale	47,107	39,244
Models With Significant Observable Market Parameters (Level 2) | Corporate Notes
Investment securities (AFS)
Total investment securities available-for-sale	8,683	8,798
Models With Significant Observable Market Parameters (Level 2) | Mortgage-Backed Securities
Investment securities (AFS)
Total investment securities available-for-sale	$ 108,930	$ 158,163

Fair Value of Financial Instr45

Fair Value of Financial Instruments - Additional Information (Details)	9 Months Ended
	Sep. 30, 2015USD ($)Security	Dec. 31, 2014USD ($)
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Abstract]
Principal balance of impaired loans	$ 809,000	$ 3,300,000
Amount of allowance reserve for credit loss arising from impaired loans	35,000	530,000
Impaired loans, net fair value	774,000	2,800,000
Other real estate owned	$ 992,001	$ 3,375,811
Number of transfers made between levels | Security	0

Fair Value of Financial Instr46

Fair Value of Financial Instruments - Quantitative Information about Unobservable Inputs Used In Recurring and Nonrecurring Level 3 Fair Value Measurements(Details) - USD ($)	9 Months Ended	12 Months Ended
	Sep. 30, 2015	Dec. 31, 2014
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Principal balance of impaired loans	$ 966,000	$ 3,807,000
Other real estate owned	992,001	3,375,811
Fair Value Measurements Recurring And Nonrecurring | Fair Value Inputs Level 3
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Principal balance of impaired loans	774,000	2,760,000
Other real estate owned	$ 992,000	$ 3,376,000
Fair Value Measurements Recurring And Nonrecurring | Fair Value Inputs Level 3 | Impaired loans (collateral dependent)
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Valuation Technique	Discounted appraisals	Discounted appraisals
Unobservable Inputs	Appraisal adjustments	Appraisal adjustments
Fair Value Measurements Recurring And Nonrecurring | Fair Value Inputs Level 3 | Impaired loans (collateral dependent) | Minimum
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Range (weighted average)	11.00%	10.00%
Fair Value Measurements Recurring And Nonrecurring | Fair Value Inputs Level 3 | Impaired loans (collateral dependent) | Maximum
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Range (weighted average)	20.00%	27.00%
Fair Value Measurements Recurring And Nonrecurring | Fair Value Inputs Level 3 | Impaired loans (collateral dependent) | Weighted Average
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Range (weighted average)	17.00%	13.00%
Fair Value Measurements Recurring And Nonrecurring | Fair Value Inputs Level 3 | Other Real Estate Owned
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Valuation Technique	Discounted appraisals	Discounted appraisals
Unobservable Inputs	Appraisal adjustments	Appraisal adjustments
Fair Value Measurements Recurring And Nonrecurring | Fair Value Inputs Level 3 | Other Real Estate Owned | Minimum
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Range (weighted average)	6.00%	6.00%
Fair Value Measurements Recurring And Nonrecurring | Fair Value Inputs Level 3 | Other Real Estate Owned | Maximum
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Range (weighted average)	28.00%	28.00%
Fair Value Measurements Recurring And Nonrecurring | Fair Value Inputs Level 3 | Other Real Estate Owned | Weighted Average
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Range (weighted average)	23.00%	13.00%

Fair Value of Financial Instr47

Fair Value of Financial Instruments - Summary of Estimated Fair Values of Financial Instruments (Details) - USD ($)	Sep. 30, 2015	Dec. 31, 2014
Financial assets:
Cash and due from banks	$ 21,308,316	$ 17,765,493
Federal funds sold	2,333,803
Interest-bearing time deposits in banks	215,610	210,754
Securities available-for-sale, at fair value	210,010,981	220,461,939
Securities held-to-maturity	4,862,285	2,716,908
Loans, net	802,427,664	685,390,207
Financial liabilities:
Deposits	900,759,723	803,171,563
Federal Home Loan Bank advances	85,300,000	70,300,000
Subordinated debt	19,606,227	19,577,295
Federal funds purchased		4,485,093
Quoted Market Prices in an Active Market (Level 1)
Financial assets:
Cash and due from banks	21,308,000	17,765,000
Federal funds sold	2,334,000
Interest-bearing time deposits in banks	216,000	211,000
Financial liabilities:
Deposits	738,272,000	642,079,000
Models With Significant Observable Market Parameters (Level 2)
Financial assets:
Securities available-for-sale, at fair value	210,011,000	220,462,000
Securities held-to-maturity	4,939,000	2,838,000
Mortgage loans held-for-sale	18,509,000	27,463,000
Financial liabilities:
Deposits	163,099,000	161,591,000
Federal Home Loan Bank advances	85,501,000	70,396,000
Federal funds purchased		4,485,000
Models With Significant Unobservable Market Parameters (Level 3)
Financial assets:
Loans, net	805,304,000	690,380,000
Financial liabilities:
Subordinated debt	20,000,000	20,000,000
Off-balance sheet instruments:
Standby letters of credit	55,000	98,000
Carrying amount
Financial assets:
Cash and due from banks	21,308,000	17,765,000
Federal funds sold	2,334,000
Interest-bearing time deposits in banks	216,000	211,000
Securities available-for-sale, at fair value	210,011,000	220,462,000
Securities held-to-maturity	4,862,000	2,717,000
Mortgage loans held-for-sale	18,389,000	27,237,000
Loans, net	802,428,000	685,390,000
Financial liabilities:
Deposits	900,760,000	803,172,000
Federal Home Loan Bank advances	85,300,000	70,300,000
Subordinated debt	19,606,000	19,577,000
Federal funds purchased		4,485,000
Off-balance sheet instruments:
Commitments to extend credit	252,640,000	179,478,000
Standby letters of credit	11,255,000	10,074,000
Estimated fair value
Financial assets:
Cash and due from banks	21,308,000	17,765,000
Federal funds sold	2,334,000
Interest-bearing time deposits in banks	216,000	211,000
Securities available-for-sale, at fair value	210,011,000	220,462,000
Securities held-to-maturity	4,939,000	2,838,000
Mortgage loans held-for-sale	18,509,000	27,463,000
Loans, net	805,304,000	690,380,000
Financial liabilities:
Deposits	901,371,000	803,670,000
Federal Home Loan Bank advances	85,501,000	70,396,000
Subordinated debt	20,000,000	20,000,000
Federal funds purchased		4,485,000
Off-balance sheet instruments:
Standby letters of credit	$ 55,000	$ 98,000

Commitments and Contingent Li48

Commitments and Contingent Liabilities - Schedule of Financial Instruments Outstanding Contract Credit Risk (Details) - USD ($) $ in Thousands	Sep. 30, 2015	Dec. 31, 2014
Commitments to Extend Credit and Unfunded Commitments
Loss Contingencies [Line Items]
Financial instruments, outstanding contracts amounts represent credit risk	$ 252,640	$ 179,478
Standby Letters of Credit
Loss Contingencies [Line Items]
Financial instruments, outstanding contracts amounts represent credit risk	$ 11,255	$ 10,074

Commitments and Contingent Li49

Commitments and Contingent Liabilities - Additional Information (Details) - USD ($)	9 Months Ended
	Sep. 30, 2015	Dec. 31, 2014
Commitments And Contingent Liabilities [Line Items]
Expiration period of letters of credit issued	1 year
Material pending legal proceedings	$ 0
Other Liabilities
Commitments And Contingent Liabilities [Line Items]
Off-balance sheet reserves	$ 55,000	$ 98,000

Income Taxes - Additional Infor

Income Taxes - Additional Information (Details) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Income Tax Contingency [Line Items]
Unrecognized tax benefits	$ 0		$ 0
Effective tax rate	32.00%	32.00%	32.00%	31.00%
Statutory federal tax rate			34.00%
Tennessee
Income Tax Contingency [Line Items]
Excise rate			6.50%

Minimum Regulatory Capital Re51

Minimum Regulatory Capital Requirements - Additional Information (Details)	9 Months Ended
	Sep. 30, 2015	Jan. 01, 2016
Compliance With Regulatory Capital Requirements Under Banking Regulations [Line Items]
Capital conservation buffer, phase in period	3 years
Common equity tier 1 risk-based capital ratio	7.00%
Tier 1 risk-based capital ratio	8.50%
Total risk-based capital ratio	10.50%
Capital conservation buffer, phase in start year-month	2016-01
Capital conservation buffer, phase in end year-month	2019-01
Maximum
Compliance With Regulatory Capital Requirements Under Banking Regulations [Line Items]
Capital conservation buffer	2.50%
Scenario Forecast
Compliance With Regulatory Capital Requirements Under Banking Regulations [Line Items]
Capital conservation buffer		0.625%

Capital Stock - Additional Info

Capital Stock - Additional Information (Details) - USD ($)	Mar. 02, 2015	Sep. 15, 2011	Feb. 27, 2009	Sep. 30, 2015	Dec. 31, 2014
Class Of Stock [Line Items]
Payments made to treasury for redeemed shares				$ 18,950,000
Capital Purchase Program
Class Of Stock [Line Items]
Aggregate purchase price of sale of stock			$ 7,400,000
Payments made to treasury for redeemed shares		$ 7,800,000
Proceeds from stock issuance to Treasury and invested in wholly-owned subsidiary Bank		$ 18,140,000
Series C Senior Noncumulative Perpetual Preferred Stock
Class Of Stock [Line Items]
Preferred stock, shares authorized				10,000,000	10,000,000
Preferred stock, no par value
Preferred stock, redemption date				Mar. 2, 2015
Redemption of preferred stock, shares	18,950
Preferred stock redemption price	$ 1,000
Series C Senior Noncumulative Perpetual Preferred Stock | Capital Purchase Program
Class Of Stock [Line Items]
Issuance of preferred stock		18,950
Preferred stock liquidation preference per share		$ 1,000
Preferred stock liquidation purchase price		$ 18,950,000
Series A Preferred Stock | Capital Purchase Program
Class Of Stock [Line Items]
Issuance of preferred stock			7,400
Series B Preferred Stock | Capital Purchase Program
Class Of Stock [Line Items]
Warrants to purchase preferred stock			370

Accumulated Other Comprehensi53

Accumulated Other Comprehensive Income (Loss) - Schedule of Amounts Reclassified Out of Accumulated Other Comprehensive Income (Loss) (Details) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Reclassification Adjustment Out Of Accumulated Other Comprehensive Income [Line Items]
Net gain on sale of available-for-sale securities	$ (19,247)		$ (234,447)	$ (11,917)
Income tax expense	841,441	$ 1,122,393	2,275,333	1,964,968
Net gains on sale of investment securities reclassified out of other comprehensive income	11,877		144,677	7,354
Gains realized on sale of investment securities | Reclassified from Accumulated Other Comprehensive Income (Loss)
Reclassification Adjustment Out Of Accumulated Other Comprehensive Income [Line Items]
Net gain on sale of available-for-sale securities	19,000		234,000	12,000
Income tax expense	(7,000)		(89,000)	(5,000)
Net gains on sale of investment securities reclassified out of other comprehensive income	$ 12,000		$ 145,000	$ 7,000

Accumulated Other Comprehensi54

Accumulated Other Comprehensive Income (Loss) - Schedule of Activity in Accumulated Other Comprehensive Income (Loss) (Details) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Reclassification Adjustment Out Of Accumulated Other Comprehensive Income [Line Items]
Beginning Balance			$ (2,484,846)	$ (5,718,000)
Other comprehensive income (loss) before reclassifications			594,000	2,613,000
Amounts reclassified from accumulated other comprehensive loss			145,000	7,000
Total other comprehensive income (loss), after tax	$ 1,550,977	$ (428,561)	739,108	2,620,214
Ending Balance	(1,745,738)	(3,098,000)	(1,745,738)	(3,098,000)
Unrealized Gains (Losses) on Securities Available-for-Sale
Reclassification Adjustment Out Of Accumulated Other Comprehensive Income [Line Items]
Beginning Balance			(2,108,000)	(5,718,000)
Other comprehensive income (loss) before reclassifications			1,034,000	2,671,000
Amounts reclassified from accumulated other comprehensive loss			145,000	7,000
Total other comprehensive income (loss), after tax			1,179,000	2,678,000
Ending Balance	(929,000)	(3,040,000)	(929,000)	(3,040,000)
Unrealized Gains (Losses) on Cash Flow Hedges
Reclassification Adjustment Out Of Accumulated Other Comprehensive Income [Line Items]
Beginning Balance			(377,000)
Other comprehensive income (loss) before reclassifications			(440,000)	(58,000)
Total other comprehensive income (loss), after tax			(440,000)	(58,000)
Ending Balance	$ (817,000)	$ (58,000)	$ (817,000)	$ (58,000)

Subsequent Events - Additional

Subsequent Events - Additional Information (Details)	1 Months Ended	3 Months Ended		9 Months Ended
	Oct. 31, 2015USD ($)	Sep. 30, 2015USD ($)Loan	Sep. 30, 2014USD ($)	Sep. 30, 2014USD ($)
Subsequent Event [Line Items]
Number of loans closed | Loan		2
Proceeds from sale of loans		$ 2,300,000
Percentage of loans closed, guaranteed by small business administration		75.00%
Net gain of sale of Small Business Administration loans			$ 441,789	$ 441,789
Subsequent Event [Member]
Subsequent Event [Line Items]
Net gain of sale of Small Business Administration loans	$ 172,000