Skyline Bankshares (SLBK) 10-K 29 Mar 17 2016 FY Annual report Financial data

Document and Entity Information

Document and Entity Information - USD ($)	12 Months Ended
	Dec. 31, 2016	Mar. 21, 2017	Jun. 30, 2016
Document And Entity Information [Abstract]
Document Type	10-K
Amendment Flag	false
Document Period End Date	Dec. 31, 2016
Document Fiscal Year Focus	2,016
Document Fiscal Period Focus	FY
Trading Symbol	PKKW
Entity Registrant Name	Parkway Acquisition Corp.
Entity Central Index Key	1,657,642
Current Fiscal Year End Date	--12-31
Entity Well-known Seasoned Issuer	No
Entity Current Reporting Status	Yes
Entity Voluntary Filers	No
Entity Filer Category	Smaller Reporting Company
Entity Common Stock, Shares Outstanding		5,021,376
Entity Public Float			$ 37,919,936

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($) $ in Thousands	Dec. 31, 2016	Dec. 31, 2015
Assets
Cash and due from banks	$ 7,215	$ 5,678
Interest-bearing deposits with banks	19,399	51
Federal funds sold	9,294	2,326
Investment securities available for sale	62,540	56,050
Restricted equity securities	1,149	972
Loans, net of allowance for loan losses of $3,420 at December 31, 2016 and $3,418 at December 31, 2015	408,548	237,798
Cash value of life insurance	16,850	9,978
Foreclosed assets	70	408
Property and equipment, net	17,970	11,756
Accrued interest receivable	1,732	1,293
Core deposit intangible	2,327
Deferred tax assets, net	5,872	1,777
Other assets	5,890	3,673
Total assets	558,856	331,760
Deposits
Noninterest-bearing	127,224	80,593
Interest-bearing	372,163	199,283
Total deposits	499,387	279,876
Borrowings	0	20,000
Accrued interest payable	57	169
Other liabilities	3,946	1,059
Liabilities	503,390	301,104
Commitments and contingencies (Note 16)
Stockholders' equity
Surplus	26,166	522
Retained earnings	30,654	28,709
Accumulated other comprehensive loss	(1,354)	(724)
Total stockholders' equity	55,466	30,656
Total liabilities and stockholders' equity	558,856	331,760
Preferred stock, $25 par value
Stockholders' equity
Preferred stock value
Preferred stock, no par value
Stockholders' equity
Preferred stock value
Common stock, $1.25 par value
Stockholders' equity
Common stock value		$ 2,149

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Thousands	Dec. 31, 2016	Dec. 31, 2015
Allowance for loan losses	$ 3,420	$ 3,418
Preferred stock, $25 par value
Preferred stock, par value	$ 0	$ 25
Preferred stock, shares authorized	0	500,000
Preferred stock, issued	0	0
Preferred stock, no par value
Preferred stock, no par value
Preferred stock, shares authorized	5,000,000	5,000,000
Preferred stock, issued	0	0
Common stock, $1.25 par value
Common stock, par value	$ 0	$ 1.25
Common stock, shares authorized	0	2,000,000
Common stock, issued	0	1,718,968
Common stock, outstanding	0	1,718,968
Common stock, no par value
Common stock, no par value
Common stock, shares authorized	25,000,000	25,000,000
Common stock, issued	5,021,376	0
Common stock, outstanding	5,021,376	0

Consolidated Statements of Inco

Consolidated Statements of Income - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015
Interest income
Loans and fees on loans	$ 16,284	$ 11,189
Interest-bearing deposits in banks	37	1
Federal funds sold	46	18
Investment securities:
Taxable	1,129	1,434
Exempt from federal income tax	3	20
Dividends	63	41
Interest and Dividend Income, Operating, Total	17,562	12,703
Interest expense
Deposits	1,286	1,352
Interest on borrowings	442	874
Interest Expense, Total	1,728	2,226
Net interest income	15,834	10,477
Provision for loan losses	(5)	(187)
Net interest income after provision for loan losses	15,839	10,664
Noninterest income
Service charges on deposit accounts	1,256	1,008
Other service charges and fees	1,346	1,051
Net realized gains on securities	364	97
Mortgage loan origination fees	167	45
Increase in cash value of life insurance	382	290
Bargain purchase gain	891
Other income	164	20
Non interest income	4,570	2,511
Noninterest expense
Salaries and employee benefits	8,630	6,558
Occupancy and equipment	1,985	1,149
Foreclosed asset expense, net	79	14
Data processing expense	888	561
FDIC assessments	247	302
Advertising	211	223
Bank franchise tax	270	172
Director fees	257	173
Merger related expense	1,483	498
Other expense	2,766	1,930
Noninterest Expense, Total	16,816	11,580
Income before income taxes	3,593	1,595
Income tax expense	1,175	598
Net income	$ 2,418	$ 997
Basic earnings per share	$ 0.60	$ 0.58
Weighted average shares outstanding	4,026,114	1,718,968
Dividends declared per share	$ 0.12	$ 0.10

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Income - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015
Statement of Comprehensive Income [Abstract]
Net income	$ 2,418	$ 997
Net change in pension reserve:
Change in pension reserve during the year	(261)	(307)
Tax related to change in pension reserve	89	104
Unrealized (losses) gains on investment securities available for sale:
Unrealized (losses) gains arising during the year	(331)	196
Tax related to unrealized losses (gains)	113	(66)
Reclassification of net realized gains during the year	(364)	(97)
Tax related to realized gains	124	33
Total other comprehensive loss	(630)	(137)
Total comprehensive income	$ 1,788	$ 860

Consolidated Statements of Chan

Consolidated Statements of Changes in Stockholders Equity - USD ($) $ in Thousands	Total	Common Stock	Surplus	Retained Earnings	Accumulated Other Comprehensive Loss
Beginning balance at Dec. 31, 2014	$ 29,968	$ 2,149	$ 522	$ 27,884	$ (587)
Beginning balance (in shares) at Dec. 31, 2014		1,718,968
Net income	997			997
Other comprehensive loss	(137)				(137)
Conversion of common stock in connection with new holding company on July 1, 2016:
Dividends paid	(172)			(172)
Ending balance at Dec. 31, 2015	30,656	$ 2,149	522	28,709	(724)
Ending balance (in shares) at Dec. 31, 2015		1,718,968
Net income	2,418			2,418
Other comprehensive loss	(630)				(630)
Conversion of common stock in connection with new holding company on July 1, 2016:
Exchange of Grayson common stock, $1.25 par value	(2,149)	$ (2,149)
Exchange of Grayson common stock, $1.25 par value (in shares)		(1,718,968)
For Parkway common stock, no par value (in shares)		3,025,384
For Parkway common stock, no par value	2,149		2,149
Issuance of common stock in connection with acquisition of Cardinal Bankshares Corp	23,500		23,500
Issuance of common stock in connection with acquisition of Cardinal Bank shares Corp (in shares)		1,996,453
Redemption of fractional shares issued in acquisition of Cardinal Bankshares Corp	(5)		(5)
Redemption of fractional shares issued in acquisition of Cardinal Bank shares Corp		(461)
Dividends paid prior to conversion	(172)			(172)
Dividends paid	(301)			(301)
Ending balance at Dec. 31, 2016	$ 55,466		$ 26,166	$ 30,654	$ (1,354)
Ending balance (in shares) at Dec. 31, 2016		5,021,376

Consolidated Statements of Cha7

Consolidated Statements of Changes in Stockholders Equity (Parenthetical) - $ / shares	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015
Dividends paid per share	$ 0.06	$ 0.10
Common Stock
Exchange of Grayson common stock, par value	1.25
Parkway common stock, no par value

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015
Cash flows from operating activities
Net income	$ 2,418	$ 997
Adjustments to reconcile net income to net cash provided by operations:
Depreciation and amortization	883	604
Amortization of core deposit intangibles	142
Accretion of loan discount and deposit premium, net	(1,047)
Bargain purchase gain	(891)
Reduction of loan loss provision	(5)	(187)
Deferred income taxes	1,154	590
Net realized gains on securities	(364)	(97)
Accretion of discount on securities, net of amortization of premiums	602	496
Deferred compensation	(77)	(2)
Net realized (gain) loss on foreclosed assets	37	(74)
Life insurance income	(97)
Changes in assets and liabilities:
Cash value of life insurance	(382)	(289)
Accrued interest receivable	100	34
Other assets	(209)	(46)
Accrued interest payable	(147)	(12)
Other liabilities	1,462	(26)
Net cash provided by operating activities	3,579	1,988
Activity in available for sale securities:
Purchases	(17,881)	(22,847)
Sales	55,115	24,275
Maturities/calls/paydowns	14,349	11,260
Sales (purchases) of restricted equity securities	1,131	(2)
Net increase in loans	(12,105)	(19,446)
Proceeds from the sale of loans		100
Proceeds from life insurance contracts	321
Proceeds from the sale of foreclosed assets	326	864
Purchases of property and equipment, net of sales	(674)	(279)
Cash received in business combination	11,698
Net cash provided by (used in) investing activities	52,280	(6,075)
Cash flows from financing activities
Net increase (decrease) in deposits	472	(2,260)
Net decrease in borrowings	(28,000)
Cash paid for fractional shares	(5)
Dividends paid	(473)	(172)
Net cash used by financing activities	(28,006)	(2,432)
Net increase (decrease) in cash and cash equivalents	27,853	(6,519)
Cash and cash equivalents, beginning	8,055	14,574
Cash and cash equivalents, ending	35,908	8,055
Supplemental disclosure of cash flow information
Interest paid	1,840	2,238
Taxes paid	320
Supplemental disclosure of noncash investing activities
Effect on equity of change in net unrealized (loss) gain on available for sale securities	(458)	65
Effect on equity of change in unfunded pension liability	(172)	(203)
Transfers of loans to foreclosed properties	25	$ 541
Business combinations
Assets acquired	253,135
Liabilities assumed	228,744
Net assets	24,391
Bargain purchase gain	891
Stock issued to acquire Cardinal Bankshares Corp.	$ 23,500

Organization and Summary of Sig

Organization and Summary of Significant Accounting Policies	12 Months Ended
	Dec. 31, 2016
Accounting Policies [Abstract]
Organization and Summary of Significant Accounting Policies	Note 1. Organization and Summary of Significant Accounting Policies Organization Parkway Acquisition Corp. (“Parkway”) was incorporated as a Virginia corporation on November 2, 2015. Parkway was formed as a business combination shell for the purpose of completing a business combination transaction between Grayson Bankshares, Inc. (“Grayson”) and Cardinal Bankshares Corporation (“Cardinal”). On November 6, 2015, Grayson, Cardinal and Parkway entered into an Agreement and Plan of Merger (the “merger agreement”), providing for the combination of the three companies. Terms of the merger agreement called for Grayson and Cardinal to merge with and into Parkway, with Parkway as the surviving corporation (the “merger”). The merger agreement established exchange ratios under which each share of Grayson common stock was converted to the right to receive 1.76 shares of common stock of Parkway, while each share of Cardinal common stock was converted to the right to receive 1.30 shares of common stock of Parkway. The exchange ratios resulted in Grayson shareholders receiving approximately 60% of the newly issued Parkway shares and Cardinal shareholders receiving approximately 40% of the newly issued Parkway shares. The merger was completed on July 1, 2016. Grayson is considered the acquiror and Cardinal is considered the acquiree in the transaction for accounting purposes. Upon completion of the merger, the Bank of Floyd, a wholly-owned subsidiary of Cardinal, was merged with and into Grayson National Bank (the “Bank’), a wholly-owned subsidiary of Grayson. The Bank was organized under the laws of the United States in 1900 and now serves the Virginia counties of Grayson, Floyd, Carroll, Wythe, Montgomery and Roanoke, and the surrounding areas through seventeen full-service banking offices and one loan production office. Effective March 13, 2017, the Bank changed its name to Skyline National Bank. As an FDIC-insured national banking association, the Bank is subject to regulation by the Comptroller of the Currency and the FDIC. Parkway is regulated by the Board of Governors of the Federal Reserve System. For purposes of this annual report on Form 10-K, Critical Accounting Policies Management believes the policies with respect to the methodology for the determination of the allowance for loan losses, and asset impairment judgments involve a higher degree of complexity and require management to make difficult and subjective judgments which often require assumptions or estimates about highly uncertain matters. Changes in these judgments, assumptions or estimates could cause reported results to differ materially. These critical policies and their application are periodically reviewed with the Audit Committee and the Board of Directors. Principles of Consolidation The consolidated financial statements include the accounts of the Company and the Bank, which is wholly owned. All significant, intercompany transactions and balances have been eliminated in consolidation. Business Segments The Company reports its activities as a single business segment. In determining the appropriateness of segment definition, the Company considers components of the business about which financial information is available and regularly evaluated relative to resource allocation and performance assessment. Business Combinations Generally, acquisitions are accounted for under the acquisition method of accounting in accordance with Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (“ASC”) 805, Business Combinations Use of Estimates The preparation of financial statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. Material estimates that are particularly susceptible to significant change relate to the determination of the allowance for loan losses and the valuation of real estate acquired in connection with foreclosures or in satisfaction of loans. In connection with the determination of the allowances for loan and foreclosed real estate losses, management obtains independent appraisals for significant properties. Substantially all of the Bank’s loan portfolio consists of loans in its market area. Accordingly, the ultimate collectibility of a substantial portion of the Bank’s loan portfolio and the recovery of a substantial portion of the carrying amount of foreclosed real estate are susceptible to changes in local market conditions. The regional economy is diverse, but influenced to an extent by the manufacturing and agricultural segments. While management uses available information to recognize loan and foreclosed real estate losses, future additions to the allowances may be necessary based on changes in local economic conditions. In addition, regulatory agencies, as a part of their routine examination process, periodically review the Bank’s allowances for loan and foreclosed real estate losses. Such agencies may require the Bank to recognize additions to the allowances based on their judgments about information available to them at the time of their examinations. Because of these factors, it is reasonably possible that the allowances for loan and foreclosed real estate losses may change materially in the near term. The Company seeks strategies that minimize the tax effect of implementing their business strategies. As such, judgments are made regarding the ultimate consequence of long-term tax planning strategies, including the likelihood of future recognition of deferred tax benefits. The Company’s tax returns are subject to examination by both Federal and State authorities. Such examinations may result in the assessment of additional taxes, interest and penalties. As a result, the ultimate outcome, and the corresponding financial statement impact, can be difficult to predict with accuracy. Accounting for pension benefits, costs and related liabilities are developed using actuarial valuations. These valuations include key assumptions determined by management, including the discount rate and expected long-term rate of return on plan assets. Material changes in pension costs may occur in the future due to changes in these assumptions. Cash and Cash Equivalents For purposes of reporting cash flows, cash and cash equivalents includes cash and amounts due from banks (including cash items in process of collection), interest-bearing deposits with banks and federal funds sold. Trading Securities The Company does not hold securities for short-term resale and therefore does not maintain a trading securities portfolio. Securities Held to Maturity Bonds, notes, and debentures for which the Company has the positive intent and ability to hold to maturity are reported at cost, adjusted for premiums and discounts that are recognized in interest income using the interest method over the period to maturity. Securities Available for Sale Available for sale securities are reported at fair value and consist of bonds, notes, debentures, and certain equity securities not classified as trading securities or as held to maturity securities. Unrealized holding gains and losses, net of tax, on available for sale securities are reported as a net amount in a separate component of accumulated other comprehensive income. Realized gains and losses on the sale of available for sale securities are determined using the specific-identification method. Premiums and discounts are recognized in interest income using the interest method over the period to maturity. Declines in the fair value of individual held to maturity and available for sale securities below cost that are other than temporary are reflected as write-downs of the individual securities to fair value. Related write-downs are included in earnings as realized losses. Loans Receivable Loans receivable that management has the intent and ability to hold for the foreseeable future or until maturity or pay-off Interest is accrued and credited to income based on the principal amount outstanding. The accrual of interest on impaired loans is discontinued when, in management’s opinion, the borrower may be unable to meet payments as they become due. When interest accrual is discontinued, all unpaid accrued interest is reversed. Interest income is subsequently recognized only to the extent cash payments are received. Payments received are first applied to principal, and any remaining funds are then applied to interest. When facts and circumstances indicate the borrower has regained the ability to meet the required payments, the loan is returned to accrual status. Past due status of loans is determined based on contractual terms. Purchased Performing Loans – Loans Receivable, continued Purchased Credit-Impaired (“PCI”) Loans Allowance for Loan Losses The allowance for loan losses is established as losses are estimated to have occurred through a provision for loan losses charged to earnings. Loan losses are charged against the allowance when management believes the uncollectability of a loan balance, or portion there of, is confirmed. Subsequent recoveries, if any, are credited to the allowance. The allowance for loan losses is evaluated on a regular basis by management and is based upon management’s periodic review of the collectibility of the loans in light of historical experience, the nature and volume of the loan portfolio, adverse situations that may affect the borrower’s ability to repay, estimated value of any underlying collateral and prevailing economic conditions. This evaluation is inherently subjective as it requires estimates that are susceptible to significant revision as more information becomes available. The allowance consists of specific, general and unallocated components. The specific component is calculated on an individual basis for larger-balance, non-homogeneous non-impaired A loan is considered impaired when, based on current information and events, it is probable that we will be unable to collect the scheduled payments of principal or interest when due according to the contractual terms of the loan agreement. Factors considered by management in determining impairment include payment status, collateral value, and the probability of collecting scheduled principal and interest payments when due. Loans that experience insignificant payment delays and payment shortfalls generally are not classified as impaired. Management determines the significance of payment delays and payment shortfalls on a case-by-case Large groups of smaller balance homogeneous loans are collectively evaluated for impairment. Accordingly, the Bank does not separately identify individual consumer and residential loans for impairment disclosures, unless such loans are the subject of a restructuring agreement. Troubled Debt Restructurings Under GAAP, the Bank is required to account for certain loan modifications or restructurings as “troubled debt restructurings” or “troubled debt restructured loans.” In general, the modification or restructuring of a debt constitutes a troubled debt restructuring if the Bank for economic or legal reasons related to the borrower’s financial difficulties grants a concession to the borrower that the Bank would not otherwise consider. Debt restructuring or loan modifications for a borrower do not necessarily always constitute a troubled debt restructuring, however, and troubled debt restructurings do not necessarily result in non-accrual Property and Equipment Land is carried at cost. Bank premises, furniture and equipment are carried at cost, less accumulated depreciation and amortization computed principally by the straight-line method over the following estimated useful lives: Years Buildings and improvements 10-40 Furniture and equipment 5-12 Foreclosed Assets Real estate properties acquired through, or in lieu of, loan foreclosure are to be sold and are initially recorded at fair value less anticipated cost to sell at the date of foreclosure, establishing a new cost basis. After foreclosure, valuations are periodically performed by management and the real estate is carried at the lower of carrying amount or fair value less cost to sell. Revenue and expenses from operations and changes in the valuation allowance are included in foreclosure expense on the consolidated statements of income. Pension Plan Prior to the merger, both Grayson National Bank (Grayson) and Bank of Floyd (Floyd) had qualified noncontributory defined benefit pension plans in place which covered substantially all of each bank’s employees. The benefits in each plan are primarily based on years of service and earnings. Both Grayson and Floyd plans were amended to freeze benefit accruals for all eligible employees prior to the effective date of the merger. Grayson’s plan is a single-employer plan, the funded status of which is measured as the difference between the fair value of plan assets and the projected benefit obligation. Floyd’s plan is a multi-employer plan for accounting purposes and is a multiple-employer plan under the Employee Retirement Income Security Act of 1974 and the Internal Revenue Code. Transfers of Financial Assets Transfers of financial assets are accounted for as sales, when control over the assets has been surrendered. Control over transferred assets is deemed to be surrendered when (1) the assets have been isolated from the Bank; (2) the transferee obtains the right (free of conditions that constrain it from taking advantage of that right) to pledge or exchange the transferred assets; and (3) the Bank does not maintain effective control over the transferred assets through an agreement to repurchase them before their maturity or the ability to unilaterally cause the holder to return specific assets. Core Deposit Intangible Core deposit intangibles represent the value of long-term deposit relationships acquired in a business combination. Core deposit intangibles are amortized over the estimated useful lives of the deposit accounts acquired (generally twenty years on an accelerated basis). Income Taxes Provision for income taxes is based on amounts reported in the statements of income (after exclusion of non-taxable Deferred income tax expense results from changes in deferred tax assets and liabilities between periods. Deferred tax assets are recognized if it is more likely than not, based on the technical merits, that the tax position will be realized or sustained upon examination. The term more likely than not means a likelihood of more than 50 percent; the terms examined and upon examination also include resolution of the related appeals or litigation processes, if any. A tax position that meets the more likely than not recognition threshold is initially and subsequently measured as the largest amount of tax benefit that has a greater than 50 percent likelihood of being realized upon settlement with a taxing authority that has full knowledge of all relevant information. The determination of whether or not a tax position has met the more likely than not recognition threshold considers the facts, circumstances, and information available at the reporting date and is subject to management’s judgment. Deferred tax assets are reduced by a valuation allowance if, based on the weight of evidence available, it is more likely than not that some portion or all of a deferred tax asset will not be realized. Advertising Expense The Company expenses advertising costs as they are incurred. Advertising expense for the years presented is not material. Basic Earnings per Share Basic earnings per share is computed by dividing income available to common stockholders by the weighted average number of common shares outstanding during the period, after giving retroactive effect to stock splits and dividends. Comprehensive Income Comprehensive income consists of net income and other comprehensive income (loss). Other comprehensive income includes unrealized gains and losses on securities available for sale and changes in the funded status of the pension plan which are also recognized as separate components of equity. The accumulated balances related to each component of other comprehensive income (loss) are as follows: (dollars in thousands) Unrealized Gains Defined Benefit Total Balance, December 31, 2014 $ (182 ) $ (405 ) $ (587 ) Other comprehensive income (loss) before reclassifications 130 (203 ) (73 ) Amounts reclassified from accumulated other comprehensive income (loss) (64 ) — (64 ) Balance December 31, 2015 (116 ) (608 ) (724 ) Other comprehensive loss before reclassifications (218 ) (172 ) (390 ) Amounts reclassified from accumulated other comprehensive loss (240 ) — (240 ) Balance December 31, 2016 $ (574 ) $ (780 ) $ (1,354 ) Off-Balance In the ordinary course of business, the Company has entered into commitments to extend credit, including commitments under line of credit arrangements, commercial letters of credit, and standby letters of credit. Such financial instruments are recorded when they are funded. Fair Value of Financial Instruments Fair values of financial instruments are estimated using relevant market information and other assumptions, as more fully disclosed in Note 12. Fair value estimates involve uncertainties and matters of significant judgment. Changes in assumptions or in market conditions could significantly affect the estimates. Reclassification Certain reclassifications have been made to the prior years’ financial statements to place them on a comparable basis with the current presentation. Net loss and stockholders’ equity previously reported were not affected by these reclassifications. Recent Accounting Pronouncements The following accounting standards may affect the future financial reporting by the Company: In May 2014, the FASB issued guidance to change the recognition of revenue from contracts with customers. The core principle of the new guidance is that an entity should recognize revenue to reflect the transfer of goods and services to customers in an amount equal to the consideration the entity receives or expects to receive. The guidance will be effective for the Company for annual periods beginning after December 15, 2017, and interim periods within annual reporting periods beginning after December 15, 2018. The Company will apply the guidance using a full retrospective approach. The Company does not expect these amendments to have a material effect on its consolidated financial statements. In April 2015, the FASB issued guidance which provides a practical expedient that permits the Company to measure defined benefit plan assets and obligations using the month-end year-end. In August 2015, the FASB deferred the effective date of ASU 2014-09, 2014-09 In September 2015, the FASB amended the Business Combinations topic of the Accounting Standards Codification to simplify the accounting for adjustments made to provisional amounts recognized in a business combination by eliminating the requirement to retrospectively account for those adjustments. The amendments were effective for the Company on January 1, 2016 and did not have a material effect on its financial statements. In November 2015, the FASB amended the Income Taxes topic of the Accounting Standards Codification to simplify the presentation of deferred income taxes by requiring that deferred tax liabilities and assets be classified as noncurrent in a classified statement of financial position. The amendments will be effective for financial statements issued for annual periods beginning after December 15, 2016, and interim periods within those annual periods, with early adoption permitted as of the beginning of an interim or annual reporting period. The Company will apply the guidance prospectively. The Company does not expect these amendments to have a material effect on its consolidated financial statements. Recent Accounting Pronouncements, continued In January 2016, the FASB amended the Financial Instruments topic of the Accounting Standards Codification to address certain aspects of recognition, measurement, presentation, and disclosure of financial instruments. The amendments will be effective for fiscal years beginning after December 15, 2017, including interim periods within those fiscal years. The Company will apply the guidance by means of a cumulative-effect adjustment to the balance sheet as of the beginning of the fiscal year of adoption. The amendments related to equity securities without readily determinable fair values will be applied prospectively to equity investments that exist as of the date of adoption of the amendments. The Company does not expect these amendments to have a material effect on its consolidated financial statements. In February 2016, the FASB amended the Leases topic of the Accounting Standards Codification to revise certain aspects of recognition, measurement, presentation, and disclosure of leasing transactions. The amendments will be effective for fiscal years beginning after December 15, 2018, including interim periods within those fiscal years. Early adoption is permitted. The Company is currently evaluating the effect that implementation of the new standard will have on its financial position, results of operations, and cash flows. In March 2016, the FASB amended the Revenue from Contracts with Customers topic of the Accounting Standards Codification to clarify the implementation guidance on principal versus agent considerations and address how an entity should assess whether it is the principal or the agent in contracts that include three or more parties. The amendments will be effective for the Company for reporting periods beginning after December 15, 2017. The Company does not expect these amendments to have a material effect on its financial statements. In March 2016, the FASB issued guidance to simplify several aspects of the accounting for share-based payment award transactions including the income tax consequences, the classification of awards as either equity or liabilities, and the classification on the statement of cash flows. Additionally, the guidance simplifies two areas specific to entities other than public business entities allowing them apply a practical expedient to estimate the expected term for all awards with performance or service conditions that have certain characteristics and also allowing them to make a one-time In April 2016, the FASB amended the Revenue from Contracts with Customers topic of the Accounting Standards Codification to clarify guidance related to identifying performance obligations and accounting for licenses of intellectual property. The amendments will be effective for the Company for reporting periods beginning after December 15, 2017. The Company does not expect these amendments to have a material effect on its financial statements. In May 2016, the FASB amended the Revenue from Contracts with Customers topic of the Accounting Standards Codification to clarify guidance related to collectability, noncash consideration, presentation of sales tax, and transition. The amendments will be effective for the Company for reporting periods beginning after December 15, 2017 . In June 2016, the FASB issued guidance to change the accounting for credit losses and modify the impairment model for certain debt securities. The amendments will be effective for the Company for reporting periods beginning after December 15, 2019. The Company is currently evaluating the effect that implementation of the new standard will have on its financial position, results of operations, and cash flows. Recent Accounting Pronouncements, continued In August 2016, the FASB amended the Statement of Cash Flows topic of the Accounting Standards Codification to clarify how certain cash receipts and cash payments are presented and classified in the statement of cash flows. The amendments will be effective for the Company for fiscal years beginning after December 15, 2017 including interim periods within those fiscal years. The Company does not expect these amendments to have a material effect on its financial statements. In October 2016, the FASB amended the Income Taxes topic of the Accounting Standards Codification to modify the accounting for intra-entity transfers of assets other than inventory. The amendments will be effective for the Company for fiscal years beginning after December 15, 2017 including interim periods within those fiscal years. Early adoption is permitted. The Company does not expect these amendments to have a material effect on its financial statements. In October 2016, the FASB amended the Consolidation topic of the Accounting Standards Codification to revise the consolidation guidance on how a reporting entity that is the single decision maker of a variable interest entity (VIE) should treat indirect interests in the entity held through related parties that are under common control with the reporting entity when determining whether it is the primary beneficiary of that VIE. The amendments will be effective for the Company for fiscal years beginning after December 15, 2016 including interim periods within those fiscal years. Early adoption is permitted. The Company does not expect these amendments to have a material effect on its financial statements. In November 2016, the FASB amended the Statement of Cash Flows topic of the Accounting Standards Codification to clarify how restricted cash is presented and classified in the statement of cash flows. The amendments will be effective for the Company for fiscal years beginning after December 15, 2017 including interim periods within those fiscal years. Early adoption is permitted. The Company does not expect these amendments to have a material effect on its financial statements. In December 2016, the FASB issued amendments to clarify the Accounting Standards Codification (ASC), correct unintended application of guidance, and make minor improvements to the ASC that are not expected to have a significant effect on current accounting practice or create a significant administrative cost to most entities. The amendments were effective upon issuance (December 14, 2016) for amendments that do not have transition guidance. Amendments that are subject to transition guidance will be effective for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2016. Early adoption is permitted. The Company does not expect these amendments to have a material effect on its financial statements. In December 2016, the FASB issued technical corrections and improvements to the Revenue from Contracts with Customers Topic. These corrections make a limited number of revisions to several pieces of the revenue recognition standard issued in 2014. The effective date and transition requirements for the technical corrections will be effective for the Company for reporting periods beginning after December 15, 2017. The Company will apply the guidance using a full retrospective approach. The Company does not expect these amendments to have a material effect on its financial statements. Other accounting standards that have been issued or proposed by the FASB or other standards-setting bodies are not expected to have a material impact on the Company’s consolidated financial position, results of operations or cash flows.

Business Combinations

Business Combinations	12 Months Ended
	Dec. 31, 2016
Business Combinations [Abstract]
Business Combinations	Note 2. Business Combinations On July 1, 2016, Parkway completed its merger with Grayson and Cardinal. Parkway had no material assets or liabilities and did not conduct any business prior to consummation of the merger except to perform its obligations under the merger agreement. As such, Grayson is considered the acquiring entity in this business combination for accounting purposes. Under the terms of the merger agreement, each share of Grayson common stock was converted to the right to receive 1.76 shares of common stock of Parkway, while each share of Cardinal common stock was converted to the right to receive 1.30 shares of common stock of Parkway. There was no trading market and no market price for Parkway common stock on the date of the transaction. Parkway was quoted on the OTC Markets and began trading on August 31, 2016; however, Parkway is a new company and the stock is thinly traded. Grayson, as the accounting acquirer at the time of the merger, was also thinly traded and the limited number of shares traded prior to the acquisition were not considered indicative of trading value. Due to the limited trading history of Parkway and Grayson, the Company engaged a third party to determine the value of the transaction as well as the value of the consideration paid to Cardinal as a result of the transaction. The Company also engaged a third party to calculate fair values of all assets and liabilities acquired in the transaction. These valuations are not final and may be refined for up to one year following the merger date. The following table presents the Cardinal assets acquired and liabilities assumed as of July 1, 2016 as well as the related fair value adjustments and determination of purchase gain. (dollars in thousands) As Reported by Fair Value As Reported by Assets Cash and cash equivalents $ 11,698 $ — $ 11,698 Investment securities 59,327 (322 )(a) 59,005 Restricted equity securities 1,308 — 1,308 Loans 164,044 (6,192 )(b) 157,852 Allowance for loan losses (2,123 ) 2,123 (c) — Cash value of life insurance 6,714 — 6,714 Property and equipment 5,384 1,039 (d) 6,423 Intangible assets — 2,469 (e) 2,469 Accrued interest receivable 539 — 539 Other assets 2,450 4,677 (f) 7,127 Total assets acquired $ 249,341 $ 3,794 $ 253,135 Liabilities Deposits $ 218,671 $ 602 (g) $ 219,273 Borrowings 8,000 — (h) 8,000 Accrued interest payable 35 — 35 Other liabilities 1,289 147 (i) 1,436 Total liabilities acquired $ 227,995 $ 749 $ 228,744 Net assets acquired 24,391 Total consideration paid 23,500 Purchase gain $ 891 Explanation of fair value adjustments: (a) Reflects the opening fair value of securities portfolio, which was established as the new book basis of the portfolio. (b) Reflects the fair value adjustment based on the Company’s third party valuation report. (c) Existing allowance for loan losses eliminated to reflect accounting guidance. (d) Estimated adjustment to Cardinal’s real property based upon third-party appraisals and the Company’s evaluation of equipment and other fixed assets. (e) Reflects the recording of the estimated core deposit intangible based on the Company’s third party valuation report. (f) Recording of deferred tax asset generated by the net fair value adjustments (tax rate = 34%). Also recognizes partial reversal of Cardinal’s deferred tax asset valuation allowance. (g) Estimated fair value adjustment to time deposits based on the Company’s third party evaluation report on deposits assumed. (h) Cardinal’s borrowings were overnight borrowings and carried at fair value therefore no adjustment was required. (i) Reflects the fair value adjustment based on the Company’s evaluation of acquired other liabilities. The merger was accounted for under the acquisition method of accounting. The assets and liabilities of Cardinal have been recorded at their estimated fair values and added to those of Grayson for periods following the merger date. Valuations of acquired Cardinal assets and liabilities may be refined for up to one year following the merger date. There are two methods to account for acquired loans as part of a business combination. Acquired loans that contain evidence of credit deterioration on the date of purchase are carried at the net present value of expected future proceeds in accordance with Financial Accounting Standards Board Accounting Standards Codification (“ASC”) 310-30. 310-20. Due to the limited trading history of Parkway and Grayson, the Company engaged a third party to determine the value of the transaction as well as the value of the consideration paid to Cardinal as a result of the transaction. The determined value of consideration received by Cardinal, when compared to the fair value of the net assets acquired from Cardinal, resulted in a bargain purchase gain of $891 thousand. The determined value of consideration received by Cardinal represented a premium when compared to the market price of Parkway stock, which was not publicly traded on the date of the merger. The premium results from enhanced cash flows and a lower required rate of return which are expected to be realized by Parkway, as compared to Grayson or Cardinal on a standalone basis. The merger of Grayson and Cardinal is expected to increase loan revenues due to an increased legal lending limit and expanded market area. Fee income is also expected to increase due to the larger deposit population. Significant cost savings are expected to be realized, particularly in the areas of salaries and benefits, data processing fees, and professional fees. A lower required rate of return is anticipated due to increased access to capital and an expected increase in liquidity of shares due to higher trading volumes. The following table presents the assets and liabilities of Parkway and Grayson prior to the merger, the estimated fair value of Cardinal assets acquired and liabilities assumed, and the resulting estimated balance sheet of Parkway immediately following the merger on July 1, 2016. (dollars in thousands) Pre-Merger Pre-Merger Cardinal Post-Merger Assets Cash and cash equivalents $ — $ 13,117 $ 11,698 $ 24,815 Investment securities — 33,847 59,005 92,852 Restricted equity securities — 971 1,308 2,279 Loans — 244,800 157,852 402,652 Allowance for loan losses — (3,309 ) — (3,309 ) Cash value of life insurance — 10,122 6,714 16,836 Foreclosed assets — 95 — 95 Property and equipment — 11,548 6,423 17,971 Goodwill and other intangible assets — — 2,469 2,469 Accrued interest receivable — 1,253 539 1,792 Other assets — 5,044 7,127 12,171 Total assets $ — $ 317,488 $ 253,135 $ 570,623 Liabilities Deposits $ — $ 274,265 $ 219,273 $ 493,538 Borrowings — 10,000 8,000 18,000 Accrued interest payable — 96 35 131 Other liabilities — 1,146 1,436 2,582 Total liabilities $ — $ 285,507 $ 228,744 $ 514,251 Shareholders’ Equity $ — $ 31,981 $ 24,391 $ 56,372 Supplemental Pro Forma Information (dollars in thousands except per share data) The table below presents supplemental pro forma information as if the Cardinal acquisition had occurred at the beginning of the earliest period presented, which was January 1, 2015. Pro forma results include adjustments for amortization and accretion of fair value adjustments and do not include any projected cost savings or other anticipated benefits of the merger. Therefore, the pro forma financial information is not indicative of the results of operations that would have occurred had the transactions been effected on the assumed date. Pre-tax Year Ended December 31, 2016 2015 (unaudited) (unaudited) Net interest income $ 19,000 $ 18,448 Net income (a) $ 2,620 $ 2,295 Basic and diluted weighted average shares outstanding (b) 5,021,376 5,021,376 Basic and diluted earnings per common share $ 0.52 $ 0.46 (a) Supplemental pro forma net income includes the impact of certain fair value adjustments. Supplemental pro forma net income does not include assumptions on cost savings or the impact of merger-related expenses. (b) Weighted average shares outstanding includes the full effect of the common stock issued in connection with the Cardinal acquisition as of the earliest reporting date. From the acquisition date of July 1, 2016 through December 31, 2016, Cardinal recorded actual net interest income of $3.5 million, non-interest

Restrictions on Cash

Restrictions on Cash	12 Months Ended
	Dec. 31, 2016
Cash and Cash Equivalents [Abstract]
Restrictions on Cash	Note 3. Restrictions on Cash To comply with banking regulations, the Bank is required to maintain certain average cash reserve balances. The daily average cash reserve requirement was approximately $4.6 million and $2.5 million for the periods including December 31, 2016 and 2015, respectively.

Investment Securities

Investment Securities	12 Months Ended
	Dec. 31, 2016
Investments, Debt and Equity Securities [Abstract]
Investment Securities	Note 4. Investment Securities Debt and equity securities have been classified in the consolidated balance sheets according to management’s intent. The amortized cost of securities and their approximate fair values at December 31 follow: (dollars in thousands) Amortized Unrealized Unrealized Fair 2016 Available for sale: Government sponsored enterprises $ 2,046 $ 236 $ (73 ) $ 2,209 Mortgage-backed securities 36,021 4 (823 ) 35,202 Corporate securities 3,061 — (87 ) 2,974 State and municipal securities 22,282 97 (224 ) 22,155 $ 63,410 $ 337 $ (1,207 ) $ 62,540 2015 Available for sale: U.S. Treasury securities $ 1,534 $ — $ (18 ) $ 1,516 U.S. Government agency securities 3 1 — 4 Government sponsored enterprises 15,327 83 (101 ) 15,309 Mortgage-backed securities 13,595 11 (93 ) 13,513 Asset-backed securities 1,989 — — 1,989 Corporate securities 3,104 — (130 ) 2,974 State and municipal securities 20,673 176 (104 ) 20,745 $ 56,225 $ 271 $ (446 ) $ 56,050 Restricted equity securities were $1.1 million and $972 thousand at December 31, 2016 and 2015, respectively. Restricted equity securities consist of investments in stock of the Federal Home Loan Bank of Atlanta (FHLB), Community Bankers Bank, Pacific Coast Bankers Bank, and the Federal Reserve Bank of Richmond, all of which are carried at cost. All of these entities are upstream correspondents of the Bank. The FHLB requires financial institutions to make equity investments in the FHLB in order to borrow money. The Bank is required to hold that stock so long as it borrows from the FHLB. The Federal Reserve requires Banks to purchase stock as a condition for membership in the Federal Reserve System. The Bank’s stock in Community Bankers Bank and Pacific Coast Bankers Bank is restricted only in the fact that the stock may only be repurchased by the respective banks. The following tables details unrealized losses and related fair values in the Company’s held to maturity and available for sale investment securities portfolios. This information is aggregated by the length of time that individual securities have been in a continuous unrealized loss position as of December 31, 2016 and 2015. Less Than 12 Months 12 Months or More Total (dollars in thousands) Fair Unrealized Fair Unrealized Fair Unrealized 2016 Available for sale: Government sponsored enterprises $ — $ — $ 1,924 $ (73 ) $ 1,924 $ (73 ) Mortgage-backed securities 31,759 (789 ) 688 (34 ) 32,447 (823 ) Corporate securities 1,548 (12 ) 1,425 (75 ) 2,973 (87 ) State and municipal securities 12,208 (224 ) — — 12,208 (224 ) Total securities available for sale $ 45,515 $ (1,025 ) $ 4,037 $ (182 ) $ 49,552 $ (1,207 ) 2015 Available for sale: U.S. Treasury securities $ 1,515 $ (18 ) $ — $ — $ 1,515 $ (18 ) Government sponsored enterprises 897 (16 ) 3,910 (85 ) 4,807 (101 ) Mortgage-backed securities 9,357 (68 ) 782 (25 ) 10,139 (93 ) Corporate securities 2,974 (130 ) — — 2,974 (130 ) State and municipal securities 5,512 (52 ) 2,030 (52 ) 7,542 (104 ) Total securities available for sale $ 20,255 $ (284 ) $ 6,722 $ (162 ) $ 26,977 $ (446 ) At December 31, 2016, debt securities with unrealized losses had depreciated 2.38 percent from their amortized cost basis. Management evaluates securities for other-than-temporary impairment at least on a quarterly basis, and more frequently when economic or market concerns warrant such evaluation. Consideration is given to the length of time and the extent to which the fair value has been less than cost, and the financial condition and near-term prospects of the issuer. The relative significance of these and other factors will vary on a case by case basis. In analyzing an issuer’s financial condition, management considers whether the securities are issued by the federal government or its agencies, whether downgrades by bond rating agencies have occurred, the results of reviews of the issuer’s financial condition and the issuer’s anticipated ability to pay the contractual cash flows of the investments. Since the Company intends to hold all of its investment securities until maturity, and it is more likely than not that the Company will not have to sell any of its investment securities before unrealized losses have been recovered, and the Company expects to recover the entire amount of the amortized cost basis of all its securities, none of the securities are deemed other than temporarily impaired at December 31, 2016. Management continues to monitor all of these securities with a high degree of scrutiny. There can be no assurance that the Company will not conclude in future periods that conditions existing at that time indicate some or all of these securities are other than temporarily impaired, which could require a charge to earnings in such periods. Proceeds from the sales of investment securities available for sale were $55.1 and $24.2 million for the years ended December 31, 2016 and 2015, respectively. Gross realized gains and losses for the years ended December 31 are as follows: (dollars in thousands) 2016 2015 Realized gains $ 369 $ 213 Realized losses (5 ) (116 ) $ 364 $ 97 There were no securities transferred between the available for sale and held to maturity portfolios or other sales of held to maturity securities during the periods presented. In the future management may elect to classify securities as held to maturity based upon such considerations as the nature of the security, the Bank’s ability to hold the security until maturity, and general economic conditions. The scheduled maturities of securities available for sale at December 31, 2016, were as follows: (dollars in thousands) Amortized Fair Due in one year or less $ — $ — Due after one year through five years 9,535 9,445 Due after five years through ten years 25,312 24,824 Due after ten years 28,563 28,271 $ 63,410 $ 62,540 Maturities of mortgage backed securities are based on contractual amounts. Actual maturity will vary as loans underlying the securities are prepaid. Investment securities with amortized cost of approximately $11.2 million and $22.3 million at December 31, 2016 and 2015, respectively, were pledged as collateral on public deposits and for other purposes as required or permitted by law.

Loans Receivable

Loans Receivable	12 Months Ended
	Dec. 31, 2016
Receivables [Abstract]
Loans Receivable	Note 5. Loans Receivable The major components of loans in the consolidated balance sheets at December 31, 2016 and December 31, 2015 are as follows: (dollars in thousands) 2016 2015 Commercial & agricultural $ 26,086 $ 12,782 Commercial mortgage 128,515 52,463 Construction & development 26,464 14,493 Farmland 33,531 31,512 Residential 187,188 124,984 Consumer & other 10,184 4,982 Total loans 411,968 241,216 Allowance for loan losses (3,420 ) (3,418 ) Loans, net of allowance for loan losses $ 408,548 $ 237,798 The major components of loans, net of fair value adjustments, acquired from Cardinal as of July 1, 2016, the acquisition date, are as follows: (dollars in thousands) Commercial & agricultural $ 15,897 Commercial mortgage 76,968 Construction & development 7,800 Farmland 4,146 Residential 49,609 Consumer & other 3,432 Total loans acquired $ 157,852 As of the acquisition date, all loans acquired from Cardinal were considered to be performing loans therefore there were no purchased credit impaired loans. As of December 31, 2016 and 2015, substantially all of the Bank’s residential 1-4

Allowance for Loan Losses and I

Allowance for Loan Losses and Impaired Loans	12 Months Ended
	Dec. 31, 2016
Receivables [Abstract]
Allowance for Loan Losses and Impaired Loans	Note 6. Allowance for Loan Losses and Impaired Loans Allowance for Loan Losses The allowance for loan losses is maintained at a level believed to be sufficient to provide for estimated loan losses based on evaluating known and inherent risks in the loan portfolio. The allowance is provided based upon management’s comprehensive analysis of the pertinent factors underlying the quality of the loan portfolio. These factors include changes in the amount and composition of the loan portfolio, delinquency levels, actual loss experience, current economic conditions, and detailed analysis of individual loans for which the full collectability may not be assured. The detailed analysis includes methods to estimate the fair value of loan collateral and the existence of potential alternative sources of repayment. The allowance consists of specific and general components. The specific component is calculated on an individual basis for larger-balance, non-homogeneous A provision for loan losses is charged against operations and is added to the allowance for loan losses based on quarterly comprehensive analyses of the loan portfolio. The allowance for loan losses is allocated to certain loan categories based on the relative risk characteristics, asset classifications and actual loss experience of the loan portfolio. While management has allocated the allowance for loan losses to various loan portfolio segments, the allowance is general in nature and is available for the loan portfolio in its entirety. Allowance for Loan Losses, continued The following table presents activity in the allowance by loan category and information on the loans evaluated individually for impairment and collectively evaluated for impairment as of December 31, 2016 and December 31, 2015: Allowance for Loan Losses and Recorded Investment in Loans (dollars in thousands) Commercial & Agricultural Commercial Mortgage Construction & Development Farmland Residential Consumer & Other Total December 31, 2016 Allowance for loan losses: Beginning Balance $ 136 $ 578 $ 344 $ 435 $ 1,887 $ 38 $ 3,418 Charge-offs (19 ) (21 ) (20 ) — (84 ) (70 ) (214 ) Recoveries 8 — 98 59 22 34 221 Provision 85 43 (103 ) (152 ) 16 106 (5 ) Ending Balance $ 210 $ 600 $ 319 $ 342 $ 1,841 $ 108 $ 3,420 Ending balance: individually evaluated for impairment $ — $ — $ — $ 57 $ 184 $ — $ 241 Ending balance: collectively evaluated for impairment $ 210 $ 600 $ 319 $ 285 $ 1,657 $ 108 $ 3,179 Loans outstanding: Ending balance $ 26,086 $ 128,515 $ 26,464 $ 33,531 $ 187,188 $ 10,184 $ 411,968 Ending balance: individually evaluated for impairment $ — $ 114 $ 580 $ 5,030 $ 1,533 $ — $ 7,257 Ending balance: collectively evaluated for impairment $ 26,086 $ 128,401 $ 25,884 $ 28,501 $ 185,655 $ 10,184 $ 404,711 December 31, 2015 Allowance for loan losses: Beginning Balance $ 154 $ 728 $ 591 $ 613 $ 2,047 $ 52 $ 4,185 Charge-offs — (4 ) (186 ) — (466 ) (30 ) (686 ) Recoveries 10 — 16 — 23 57 106 Provision (28 ) (146 ) (77 ) (178 ) 283 (41 ) (187 ) Ending balance $ 136 $ 578 $ 344 $ 435 $ 1,887 $ 38 $ 3,418 Ending balance: individually evaluated for impairment $ — $ — $ — $ 69 $ 205 $ — $ 274 Ending balance: collectively evaluated for impairment $ 136 $ 578 $ 344 $ 366 $ 1,682 $ 38 $ 3,144 Loans outstanding: Ending balance $ 12,782 $ 52,463 $ 14,493 $ 31,512 $ 124,984 $ 4,982 $ 241,216 Ending balance: individually evaluated for impairment $ — $ — $ 878 $ 2,288 $ 1,910 $ — $ 5,076 Ending balance: collectively evaluated for impairment $ 12,782 $ 52,463 $ 13,615 $ 29,224 $ 123,074 $ 4,982 $ 236,140 As of December 31, 2016 and December 31, 2015, the Bank had no unallocated reserves included in the allowance for loan losses. Allowance for Loan Losses, continued Management closely monitors the quality of the loan portfolio and has established a loan review process designed to help grade the quality of the Bank’s loan portfolio. The Bank’s loan ratings coincide with the “Substandard,” “Doubtful” and “Loss” classifications used by federal regulators in their examination of financial institutions. Generally, an asset is considered Substandard if it is inadequately protected by the current net worth and paying capacity of the obligors and/or the collateral pledged. Substandard assets include those characterized by the distinct possibility that the insured financial institution will sustain some loss if the deficiencies are not corrected. Assets classified as Doubtful have all the weaknesses inherent in assets classified Substandard with the added characteristic that the weaknesses present make collection or liquidation in full, on the basis of currently existing facts, highly questionable and improbable. Assets classified as Loss are those considered uncollectible, and of such little value that its continuance on the books is not warranted. Assets that do not currently expose the insured financial institutions to sufficient risk to warrant classification in one of the aforementioned categories but otherwise possess weaknesses are designated “Special Mention.” Management also maintains a listing of loans designated “Watch”. These loans represent borrowers with declining earnings, strained cash flow, increasing leverage and/or weakening market fundamentals that indicate above average risk. As of December 31, 2016 and December 31, 2015, respectively, the Bank had no loans graded “Doubtful” or “Loss” included in the balance of total loans outstanding. The following table lists the loan grades utilized by the Bank and the corresponding total of outstanding loans in each category as of December 31, 2016 and December 31, 2015: Credit Risk Profile by Internally Assigned Grades Loan Grades (dollars in thousands) Pass Watch Special Substandard Total December 31, 2016 Real Estate Secured: 1-4 $ 4,056 $ 370 $ — $ — $ 4,426 Commercial construction 2,603 — — — 2,603 Land development & other land 18,000 532 — 903 19,435 Farmland 23,201 5,276 — 5,054 33,531 1-4 122,301 11,517 — 2,111 135,929 Multifamily 25,365 1,321 — — 26,686 Home equity and second mortgage 23,219 1,243 — 111 24,573 Commercial mortgage 105,317 13,449 3,353 6,396 128,515 Non-Real Commercial & agricultural 22,719 2,333 485 549 26,086 Civic organizations 3,603 — — — 3,603 Consumer-auto 1,400 21 — — 1,421 Consumer-other 5,015 105 — 40 5,160 Total $ 356,799 $ 36,167 $ 3,838 $ 15,164 $ 411,968 Allowance for Loan Losses, continued Loan Grades (dollars in thousands) Pass Watch Special Substandard Total December 31, 2015 Real Estate Secured: 1-4 $ 3,268 $ — $ — $ — $ 3,268 Commercial construction — — — — — Land development & other land 9,555 418 — 1,252 11,225 Farmland 23,909 5,731 — 1,872 31,512 1-4 86,360 9,887 29 1,604 97,880 Multifamily 11,991 211 — — 12,202 Home equity and second mortgage 13,425 1,266 — 211 14,902 Commercial mortgage 46,084 6,018 206 155 52,463 Non-Real Commercial & agricultural 12,000 782 — — 12,782 Civic organizations 107 — — — 107 Consumer-auto 957 46 — — 1,003 Consumer-other 3,796 76 — — 3,872 Total $ 211,452 $ 24,435 $ 235 $ 5,094 $ 241,216 Loans may be placed in nonaccrual status when, in management’s opinion, the borrower may be unable to meet payments as they become due. When interest accrual is discontinued, all unpaid accrued interest is reversed. Interest income is subsequently recognized only to the extent cash payments are received. Payments received are first applied to principal, and any remaining funds are then applied to interest. Loans are removed from nonaccrual status when they are deemed a loss and charged to the allowance, transferred to foreclosed assets, or returned to accrual status based upon performance consistent with the original terms of the loan or a subsequent restructuring thereof. The following table presents an age analysis of nonaccrual and past due loans by category as of December 31, 2016 and December 31, 2015: Analysis of Past Due and Nonaccrual Loans (dollars in thousands) 30-59 Days Past Due 60-89 Days Past Due 90 Days or More Past Total Past Due Current Total 90+ Day Past Dues Nonaccrual December 31, 2016 Real Estate Secured: 1-4 $ — $ — $ — $ — $ 4,426 $ 4,426 $ — $ — Commercial construction — — — — 2,603 2,603 — — Land development & other land — — 390 390 19,045 19,435 — 647 Farmland 343 — — 343 33,188 33,531 — 3,310 1-4 315 48 14 377 135,552 135,929 — 26 Multifamily — — — — 26,686 26,686 — — Home equity and second mortgage 98 — 5 103 24,470 24,573 — 5 Commercial mortgage 25 227 426 678 127,837 128,515 — 640 Non-Real Commercial & agricultural 67 — 25 92 25,994 26,086 — 31 Civic organizations — — — — 3,603 3,603 — — Consumer-auto 5 — — 5 1,416 1,421 — — Consumer-other — 6 — 6 5,154 5,160 — 5 Total $ 853 $ 281 $ 860 $ 1,994 $ 409,974 $ 411,968 $ — $ 4,664 Allowance for Loan Losses, continued (dollars in thousands) 30-59 Days 60-89 Days 90 Days or Total Past Current Total 90+ Days Nonaccrual December 31, 2015 Real Estate Secured: 1-4 $ — $ — $ — $ — $ 3,268 $ 3,268 $ — $ — Commercial construction — — — — — — — — Land development & other land — 573 — 573 10,652 11,225 — 306 Farmland — 43 529 572 30,940 31,512 — 529 1-4 466 26 204 696 97,184 97,880 — 409 Multifamily — — — — 12,202 12,202 — — Home equity and second mortgage — — 203 203 14,699 14,902 — 211 Commercial mortgage 134 157 93 384 52,079 52,463 — 134 Non-Real Commercial & agricultural 12 — — 12 12,770 12,782 — — Civic organizations — — — — 107 107 — — Consumer-auto — — — — 1,003 1,003 — — Consumer-other — — — — 3,872 3,872 — — Total $ 612 $ 799 $ 1,029 $ 2,440 $ 238,776 $ 241,216 $ — $ 1,589 Impaired Loans A loan is considered impaired when it is probable that the Bank will be unable to collect all contractual principal and interest payments due in accordance with the original or modified terms of the loan agreement. Smaller balance homogenous loans may be collectively evaluated for impairment. Non-homogenous As of December 31, 2016 and December 31, 2015, respectively, the recorded investment in impaired loans totaled $13.3 million and $11.2 million. The total amount of collateral-dependent impaired loans at December 31, 2016 and December 31, 2015, respectively, was $4.0 million and $1.1 million. As of December 31, 2016 and December 31, 2015, respectively, $4.4 million and $2.1 million of the recorded investment in impaired loans did not have a related allowance. The Bank had $10.0 million and $10.7 million in troubled debt restructured loans included in impaired loans at December 31, 2016 and December 31, 2015, respectively. The categories of non-accrual non-accrual Impaired Loans, continued In 2015, management began collectively evaluating performing TDRs with a loan balance of $250,000 or less for impairment. As of December 31, 2016 and December 31, 2015, respectively, $6.1 million and $6.2 million of TDRs included in the following table were evaluated collectively for impairment and were deemed to have $315 thousand and $317 thousand of related allowance. The following table is a summary of information related to impaired loans as of December 31, 2016 and December 31, 2015: Impaired Loans (dollars in thousands) Recorded 1 Unpaid Principal Related Average Interest December 31, 2016 With no related allowance recorded: 1-4 $ — $ — $ — $ — $ — Land development & other land 581 581 — 840 17 Farmland 3,660 3,660 — 4,170 18 1-4 — — — 347 10 Home equity and second mortgage — — — — — Commercial mortgage 114 114 — 115 4 Commercial & agricultural — — — — — Consumer & other — — — — 1 Subtotal 4,355 4,355 — 5,472 50 With an allowance recorded: 1-4 — — — — — Land development & other land 193 193 10 201 16 Farmland 1,679 1,679 73 1,705 84 1-4 5,964 6,121 414 6,375 294 Home equity and second mortgage 174 179 9 254 8 Commercial mortgage 838 974 44 1,035 39 Commercial & agricultural 113 113 6 155 9 Consumer & other 4 4 — 10 1 Subtotal 8,965 9,263 556 9,735 451 Totals: 1-4 — — — — — Land development & other land 774 774 10 1,041 33 Farmland 5,339 5,339 73 5,875 102 1-4 5,964 6,121 414 6,722 304 Home equity and second mortgage 174 179 9 254 8 Commercial mortgage 952 1,088 44 1,150 43 Commercial & agricultural 113 113 6 155 9 Consumer & other 4 4 — 10 2 Total $ 13,320 $ 13,618 $ 556 $ 15,207 $ 501 1 investment is the loan balance, net of any charge-offs Impaired Loans, continued (dollars in thousands) Recorded 1 Unpaid Related Average Interest December 31, 2015 With no related allowance recorded: 1-4 $ — $ — $ — $ — $ — Land development & other land 879 879 — 913 22 Farmland 890 1,100 — 1,549 5 1-4 343 343 — 348 16 Home equity and second mortgage — — — — — Commercial mortgage — — — — — Commercial & agricultural — — — 19 — Consumer & other — — — — — Subtotal 2,112 2,322 — 2,829 43 With an allowance recorded: 1-4 — — — — — Land development & other land 208 287 11 587 19 Farmland 1,574 1,574 78 1,841 85 1-4 5,797 6,239 423 6,667 272 Home equity and second mortgage 261 261 13 322 8 Commercial mortgage 1,094 1,229 56 1,173 48 Commercial & agricultural 174 174 9 198 10 Consumer & other 19 19 1 37 2 Subtotal 9,127 9,783 591 10,825 444 Totals: 1-4 — — — — — Land development & other land 1,087 1,166 11 1,500 41 Farmland 2,464 2,674 78 3,390 90 1-4 6,140 6,582 423 7,015 288 Home equity and second mortgage 261 261 13 322 8 Commercial mortgage 1,094 1,229 56 1,173 48 Commercial & agricultural 174 174 9 217 10 Consumer & other 19 19 1 37 2 Total $ 11,239 $ 12,105 $ 591 $ 13,654 $ 487 1 Recorded investment is the loan balance, net of any charge-offs Troubled Debt Restructuring A troubled debt restructured loan is a loan for which the Bank, for reasons related to the borrower’s financial difficulties, grants a concession to the borrower that the Bank would not otherwise consider. The loan terms which have been modified or restructured due to a borrower’s financial difficulty, include but are not limited to: a reduction in the stated interest rate; an extension of the maturity at an interest rate below current market; a reduction in the face amount of the debt; a reduction in the accrued interest; or re-aging, Troubled Debt Restructuring, continued The following table sets forth information with respect to the Bank’s troubled debt restructurings as of December 31, 2016 and December 31, 2015: December 31, 2016 (dollars in thousands) TDRs identified during the period TDRs identified in the last twelve months that subsequently defaulted (1) Number Pre- outstanding Post- Number Pre- Post- Land development & other land — $ — $ — — $ — $ — Farmland 2 144 150 2 144 150 1-4 5 565 588 — — — Commercial mortgage — — — — — — Commercial & agricultural — — — — — — Consumer & other — — — — — — Total 7 $ 709 $ 738 2 $ 144 $ 150 During the twelve months ended December 31, 2016, seven loans were modified that were considered to be TDRs. Term concessions only were granted for seven loans, and additional funds were advanced on two loans to pay real estate taxes, personal taxes, and closing cost. Additional funds were advanced on one loan to pay for equipment repairs. (1) Loans past due 30 days or more are considered to be in default. December 31, 2015 (dollars in thousands) TDRs identified during the period TDRs identified in the last twelve (1) Number Pre- Post- Number Pre- Post- Land development & other land — $ — $ — — $ — $ — Farmland — — — — — — 1-4 4 392 388 — — — Commercial mortgage — — — — — — Commercial & agricultural — — — — — — Consumer & other 1 — 3 — — — Total 5 $ 392 $ 391 — $ — $ — During the twelve months ended December 31, 2015, five loans were modified that were considered to be TDRs. Interest concessions were granted for two loans; and rate and term concessions were granted for three loans. (1) Loans past due 30 days or more are considered to be in default.

Property and Equipment

Property and Equipment	12 Months Ended
	Dec. 31, 2016
Property, Plant and Equipment [Abstract]
Property and Equipment	Note 7. Property and Equipment Components of property and equipment and total accumulated depreciation at December 31, 2016 and 2015, are as follows: (dollars in thousands) 2016 2015 Land $ 4,145 $ 2,925 Buildings and improvements 14,668 10,999 Furniture and equipment 9,634 7,426 28,447 21,350 Less accumulated depreciation (10,477 ) (9,594 ) $ 17,970 $ 11,756 Depreciation expense for the years ended December 31, 2016 and 2015 amounted to $883 thousand and $604 thousand respectively.

Cash Value of Life Insurance

Cash Value of Life Insurance	12 Months Ended
	Dec. 31, 2016
Investments, All Other Investments [Abstract]
Cash Value of Life Insurance	Note 8. Cash Value of Life Insurance The Bank is owner and beneficiary of life insurance policies on certain employees and directors. Policy cash values totaled approximately $16.9 million, and $10.0 million at December 31, 2016 and 2015, respectively.

Deposits

Deposits	12 Months Ended
	Dec. 31, 2016
Banking and Thrift [Abstract]
Deposits	Note 9. Deposits The aggregate amount of time deposits in denominations of more than $250 thousand at December 31, 2016 and 2015 was $12.5 million, and $4.9 million, respectively. At December 31, 2016, the scheduled maturities of all time deposits are as follows: (dollars in thousands) 2017 $ 78,195 2018 27,601 2019 18,263 2020 19,301 2021 23,995 Total $ 167,355

Short-Term Debt

Short-Term Debt	12 Months Ended
	Dec. 31, 2016
Debt Disclosure [Abstract]
Short-Term Debt	Note 10. Short-Term Debt At December 31, 2016 and 2015 the Bank had no debt outstanding classified as short-term. At December 31, 2016, the Bank had established unsecured lines of credit of approximately $22.5 million with correspondent banks to provide additional liquidity if, and as needed. In addition, the Bank has the ability to borrow up to approximately $139.6 million from the Federal Home Loan Bank, subject to the pledging of collateral.

Long-Term Debt

Long-Term Debt	12 Months Ended
	Dec. 31, 2016
Debt Disclosure [Abstract]
Long-Term Debt	Note 11. Long-Term Debt At December 31, 2016 the Bank had no debt outstanding classified as long-term. At December 31, 2015, the Bank’s long-term debt consisted of borrowings from the Federal Home Loan Bank of Atlanta (FHLB) and Deutsche Bank. The borrowing from the FHLB, which was secured by substantially all the Bank’s first mortgage one-to-four The borrowing from Deutsche Bank was a $10.0 million structured term repurchase agreement. This loan was scheduled to mature on February 10, 2017 and was secured by investment securities with an amortized cost of approximately $14.4 million at December 31, 2015. Interest on the loan was fixed at a rate of 4.82 percent. This loan was prepaid by the Bank in February, 2016. A penalty of $434 thousand was incurred with the prepayment of the borrowing.

Financial Instruments

Financial Instruments	12 Months Ended
	Dec. 31, 2016
Investments, All Other Investments [Abstract]
Financial Instruments	Note 12. Financial Instruments FASB ASC 825, “Financial Instruments”, requires disclosure of fair value information about financial instruments, whether or not recognized in the balance sheet. In cases where quoted market prices are not available, fair values are based on estimates using present value of future cash flows or other valuation techniques. Those techniques are significantly affected by the assumptions used, including the discount rate and estimates of future cash flows. In that regard, the derived fair value estimates cannot be substantiated by comparison to independent markets and, in many cases, could not be realized in immediate settlement of the instruments. FASB ASC 825 excludes certain financial instruments and all nonfinancial instruments from its disclosure requirements. Accordingly, the aggregate fair value amounts presented do not represent the underlying value of the Company. The following presents the carrying amount, fair value, and placement in the fair value hierarchy of the Company’s financial instruments as of December 31, 2016 and December 31, 2015. This table excludes financial instruments for which the carrying amount approximates fair value. For short-term financial assets such as cash and cash equivalents, the carrying amount is a reasonable estimate of fair value due to the relatively short time between the origination of the instrument and its expected realization. For financial liabilities such as noninterest-bearing demand, interest-bearing demand, and savings deposits, the carrying amount is a reasonable estimate of fair value due to these products having no stated maturity. Fair Value Measurements (dollars in thousands) Carrying Fair Value Quoted Prices in Significant Significant (Level 3) December 31, 2016 Financial Instruments—Assets Net Loans $ 408,548 $ 405,876 $ — $ 405,410 $ 466 Financial Instruments – Liabilities Time Deposits 167,355 165,257 — 165,257 — December 31, 2015 Financial Instruments—Assets Net Loans $ 237,798 $ 237,928 $ — $ 236,761 $ 1,167 Financial Instruments – Liabilities Time Deposits 96,373 95,725 — 95,725 — Long-Term Debt 20,000 20,925 — 20,925 — The Company uses fair value measurements to record fair value adjustments to certain assets and liabilities and to determine fair value disclosures. Securities available for sale and derivatives are recorded at fair value on a recurring basis. Additionally, from time to time, the Company may be required to record at fair value other assets on a nonrecurring basis, such as loans or foreclosed assets. These nonrecurring fair value adjustments typically involve application of lower of cost or market accounting or write-downs of individual assets. Fair Value Hierarchy Under FASB ASC 820, “Fair Value Measurements and Disclosures”, the Company groups assets and liabilities at fair value in three levels, based on the markets in which the assets and liabilities are traded and the reliability of the assumptions used to determine fair value. These levels are: Level 1 – Valuation is based upon quoted prices for identical instruments traded in active markets. Level 2 – Valuation is based upon quoted prices for similar instruments in active markets, quoted prices for identical or similar instruments in markets that are not active, and model-based valuation techniques for which all significant assumptions are observable in the market. Level 3 – Valuation is generated from model-based techniques that use at least one significant assumption not observable in the market. These unobservable assumptions reflect estimates of assumptions that market participants would use in pricing the asset or liability. Valuation techniques may include the use of option pricing models, discounted cash flow models and similar techniques. Following is a description of valuation methodologies used for assets and liabilities recorded at fair value. Investment Securities Available for Sale Investment securities available for sale are recorded at fair value on a recurring basis. Fair value measurement is based upon quoted prices, if available. If quoted prices are not available, fair values are measured using independent pricing models or other model-based valuation techniques such as the present value of future cash flows, adjusted for the security’s credit rating, prepayment assumptions and other factors such as credit loss assumptions. Level 1 securities include those traded on an active exchange, such as the New York Stock Exchange, U.S. Treasury securities that are traded by dealers or brokers in active over-the-counter Loans The Company does not record loans at fair value on a recurring basis. However, from time to time, a loan is considered impaired and an allowance for loan losses is established. Loans for which it is probable that payment of interest and principal will not be made in accordance with the contractual terms of the loan agreement are considered impaired. If a loan is identified as individually impaired, management measures impairment in accordance with applicable accounting guidance. The fair value of impaired loans is estimated using one of several methods, including collateral value, market value of similar debt, enterprise value, liquidation value and discounted cash flows. Those impaired loans not requiring an allowance represent loans for which the fair value of the expected repayments or collateral exceed the recorded investments in such loans. At December 31, 2016, a small percentage of the total impaired loans were evaluated based on the fair value of the collateral. In accordance with accounting standards, impaired loans where an allowance is established based on the fair value of collateral require classification in the fair value hierarchy. When the fair value of the collateral is based on an observable market price the Company records the impaired loan as nonrecurring Level 2. When the fair value is based on either an external or internal appraisal and there is no observable market price, the Company records the impaired loan as nonrecurring Level 3. Derivative Assets and Liabilities Derivative instruments held or issued by the Company for risk management purposes are traded in over-the-counter Foreclosed Assets Foreclosed assets are adjusted to fair value upon transfer of the loans to foreclosed assets. Subsequently, foreclosed assets are carried at the lower of carrying value or fair value. Fair value is based upon independent market prices, appraised values of the collateral or management’s estimation of the value of the collateral. When the fair value of the collateral is based on an observable market price the Company records the foreclosed asset as nonrecurring Level 2. When the fair value of the collateral is based on either an external or internal appraisal and there is no observable market price, the Company records the foreclosed asset as nonrecurring Level 3. Assets Recorded at Fair Value on a Recurring Basis (dollars in thousands) Total Level 1 Level 2 Level 3 December 31, 2016 Investment securities available for sale Government sponsored enterprises $ 2,209 $ — $ 2,209 $ — Mortgage-backed securities 35,202 — 35,202 — Corporate securities 2,974 — 2,974 — State and municipal securities 22,155 — 22,155 — Total assets at fair value $ 62,540 $ — $ 62,540 $ — December 31, 2015 Investment securities available for sale U.S. Treasury securities $ 1,516 $ — $ 1,516 $ — U.S. Government agency securities 4 — 4 — Government sponsored enterprises 15,309 — 15,309 — Mortgage-backed securities 13,513 — 13,513 — Asset-backed securities 1,989 — 1,989 — Corporate securities 2,974 — 2,974 — State and municipal securities 20,745 — 20,745 — Total assets at fair value $ 56,050 $ — $ 56,050 $ — No liabilities were recorded at fair value on a recurring basis as of December 31, 2016 or 2015. There were no significant transfers between levels during the years ended December 31, 2016 or 2015. Assets Recorded at Fair Value on a Nonrecurring Basis The Company may be required, from time to time, to measure certain assets and liabilities at fair value on a nonrecurring basis in accordance with U.S. generally accepted accounting principles. These include assets and liabilities that are measured at the lower of cost or market that were recognized at fair value below cost at the end of the period. No liabilities were recorded at fair value on a nonrecurring basis at December 31, 2016 or 2015. Assets measured at fair value on a nonrecurring basis are included in the table below. Total Level 1 Level 2 Level 3 December 31, 2016 Impaired loans $ 466 $ — $ — $ 466 Foreclosed assets 70 — — 70 Total assets at fair value $ 536 $ — $ — $ 536 Assets Recorded at Fair Value on a Nonrecurring Basis, continued December 31, 2015 Total Level 1 Level 2 Level 3 Impaired loans $ 1,167 $ — $ — $ 1,167 Foreclosed assets 408 — — 408 Total assets at fair value $ 1,575 $ — $ — $ 1,575 For Level 3 assets measured at fair value on a recurring or non-recurring Fair Value at Fair Value at Valuation Technique Significant Unobservable Inputs General Range Impaired Loans $ 466 $ 1,167 Appraised Value/Discounted Cash Flows/Market Value of Note Discounts to reflect current market conditions, ultimate collectability, and estimated costs to sell 0 – 10 % Other Real Estate Owned $ 70 $ 408 Appraised Value/Comparable Sales/Other Estimates from Independent Sources Discounts to reflect current market conditions and estimated costs to sell 0 – 10 %

Employee Benefit Plans

Employee Benefit Plans	12 Months Ended
	Dec. 31, 2016
Compensation and Retirement Disclosure [Abstract]
Employee Benefit Plans	Note 13. Employee Benefit Plans Prior to the merger, both Grayson National Bank (Grayson) and Bank of Floyd (Floyd) had qualified noncontributory defined benefit pension plans in place which covered substantially all of each bank’s employees. The benefits in each plan are primarily based on years of service and earnings. Both Grayson and Floyd plans were amended to freeze benefit accruals for all eligible employees prior to the effective date of the merger. A summary of each plan follows: Grayson Plan The following is a summary of the plan’s funded status as of December 31: (dollars in thousands) 2016 2015 Change in benefit obligation Benefit obligation at beginning of year $ 4,645 $ 5,051 Interest cost 196 199 Actuarial (gain) loss 227 (215 ) Benefits paid (306 ) (380 ) Settlement (gain) loss 21 (10 ) Benefit obligation at end of year 4,783 4,645 Change in plan assets Fair value of plan assets at beginning of year 7,722 8,096 Actual return on plan assets 478 6 Benefits paid (306 ) (380 ) Fair value of plan assets at end of year 7,894 7,722 Funded status at the end of the year $ 3,111 $ 3,077 Grayson Plan, continued 2016 2015 Amounts recognized in the Balance Sheet Prepaid benefit cost $ 4,292 $ 3,997 Unrecognized net actuarial loss (1,181 ) (920 ) Amount recognized in other assets $ 3,111 $ 3,077 Amounts recognized in accumulated comprehensive income (loss) Unrecognized net actuarial loss $ (1,181 ) $ (920 ) Unfunded pension benefit obligation (1,181 ) (920 ) Deferred taxes 401 313 Amount recognized in accumulated comprehensive income (loss), net $ (780 ) $ (607 ) (Accrued) Prepaid benefit detail Benefit obligation $ (4,783 ) $ (4,645 ) Fair value of assets 7,894 7,722 Unrecognized net actuarial (gain) loss 1,181 920 Prepaid benefit cost $ 4,292 $ 3,997 Components of net periodic pension cost Interest cost $ 196 $ 199 Expected return on plan assets (558 ) (582 ) Recognized net loss due to settlement 57 43 Recognized net actuarial loss 10 — Net periodic benefit expense $ (295 ) $ (340 ) Additional disclosure information Accumulated benefit obligation $ 4,783 $ 4,645 Vested benefit obligation $ 4,783 $ 4,623 Discount rate used for net periodic pension cost 4.25 % 4.00 % Discount rate used for disclosure 4.00 % 4.25 % Expected return on plan assets 7.25 % 7.25 % Rate of compensation increase N/A N/A Average remaining service (years) 14 14 Using the same fair value hierarchy described in Note 11, the fair values of the Company’s pension plan assets, by asset category, are as follows: (dollars in thousands) Total Level 1 Level 2 Level 3 December 31, 2016 Cash equivalents and short term investments $ — $ — $ — $ — Mutual funds – equities 3,969 3,969 — — Mutual funds – fixed income 3,925 3,925 — — Total assets at fair value $ 7,894 $ 7,894 $ — $ — Total Level 1 Level 2 Level 3 December 31, 2015 Cash equivalents and short term investments $ 1 $ 1 $ — $ — Mutual funds – equities 3,836 3,836 — — Mutual funds – fixed income 3,885 3,885 — — Total assets at fair value $ 7,722 $ 7,722 $ — $ — Grayson Plan, continued Estimated Future Benefit Payments (dollars in thousands) Pension 2017 $ 18 2018 517 2019 45 2020 236 2021 112 2022 – 2026 2,356 $ 3,284 Funding Policy It has been Bank practice to contribute the maximum tax-deductible Long-Term Rate of Return The plan sponsor selects the expected long-term rate-of-return-on-assets Because assets are held in a qualified trust, anticipated returns are not reduced for taxes. Further – solely for this purpose the plan is assumed to continue in force and not terminate during the period during which the assets are invested. However, consideration is given to the potential impact of current and future investment policy, cash flow into and out of the trust, and expenses (both investment and non-investment) Asset Allocation The pension plan’s weighted-average asset allocations at December 31, 2016 and 2015, by asset category are as follows: 2016 2015 Mutual funds – fixed income 50 % 50 % Mutual funds – equity 50 % 50 % Cash and equivalents 0 % 0 % Total 100 % 100 % Grayson Plan, continued The trust fund is sufficiently diversified to maintain a reasonable level of risk without imprudently sacrificing return, with a targeted asset allocation of 50 percent fixed income and 50 percent equities. The Investment Manager selects investment fund managers with demonstrated experience and expertise, and funds with demonstrated historical performance, for the implementation of the Plan’s investment strategy. The Investment Manager will consider both actively and passively managed investment strategies and will allocate funds across the asset classes to develop an efficient investment structure. It is the responsibility of the Trustee to administer the investments of the Trust within reasonable costs, being careful to avoid sacrificing quality. These costs include, but are not limited to, management and custodial fees, consulting fees, transaction costs and other administrative costs chargeable to the Trust. Floyd Plan The Company participates in the Pentegra Defined Benefit Plan for Financial Institutions (“The Pentegra DB Plan”), a tax-qualified The Pentegra DB Plan is a single plan under Internal Revenue Code Section 413 (C) and, as a result, all of the assets stand behind all of the liabilities. Accordingly, under the Pentegra DB Plan, contributions made by a participating employer may be used to provide benefits to participants of other participating employers. Funded Status (market value of plan assets divided by funding target) as of July 1, 2016 2015 Valuation Valuation Source Report Report Bank of Floyd Plan 109.78 % 114.47 % Employer Contributions Plan expenses paid by the Company totaled approximately $55 thousand and $49 thousand for the years ended December 31, 2016 and 2015, respectively.

Deferred Compensation and Suppl

Deferred Compensation and Supplemental Executive Retirement Plans	12 Months Ended
	Dec. 31, 2016
Postemployment Benefits [Abstract]
Deferred Compensation and Supplemental Executive Retirement Plans	Note 14. Deferred Compensation and Supplemental Executive Retirement Plans Deferred compensation plans have been adopted for certain executive officers and members of the Board of Directors for future compensation upon retirement. Under plan provisions aggregate annual payments ranging from $1,992 to $37,200 are payable for ten years certain, generally beginning at age 65. Reduced benefits apply in cases of early retirement or death prior to the benefit date, as defined. Liability accrued for compensation deferred under the plan amounts to $362 thousand and $421 thousand at December 31, 2015 and 2014 respectively. Expense charged against income and included in salary and benefits expense was $31 thousand and $59 thousand in 2016 and 2015, respectively. Charges to income are based on changes in present value of future cash payments, discounted at 8 percent. Prior to the merger, the Bank of Floyd had adopted supplemental executive plans to provide benefits for two former members of management. Aggregate annual payments of $69 thousand are payable for 20 years, beginning subsequent to the executive’s last day of employment. The liability is calculated by discounting the anticipated future cash flows at 4.00%. The liability accrued for this obligation was $842 thousand at December 31, 2016. Charges to income amounted to approximately $17 thousand for 2016. These plans are unfunded, however, life insurance has been acquired in amounts sufficient to discharge the obligations of the agreements.

Income Taxes

Income Taxes	12 Months Ended
	Dec. 31, 2016
Income Tax Disclosure [Abstract]
Income Taxes	Note 15. Income Taxes Current and Deferred Income Tax Components The components of income tax expense (benefit) (substantially all Federal) are as follows: (dollars in thousands) 2016 2015 Current $ 21 $ 8 Deferred 1,154 590 $ 1,175 $ 598 Rate Reconciliation A reconciliation of income tax expense computed at the statutory federal income tax rate to income tax expense (benefit) included in the statements of income follows: (dollars in thousands) 2016 2015 Tax at statutory federal rate $ 1,222 $ 542 Tax exempt interest income (33 ) (11 ) Tax exempt insurance income (163 ) (98 ) State income tax, net of federal benefit 16 16 Merger expenses 205 160 Bargain purchase gain (303 ) — Merger-related NOL adjustment 225 1 Other 6 (11 ) $ 1,175 $ 598 Deferred Income Tax Analysis The significant components of net deferred tax assets (all Federal) at December 31, 2016 and 2015 are summarized as follows: (dollars in thousands) 2016 2015 Deferred tax assets Allowance for loan losses $ 652 $ 591 Acquired loan credit mark 1,710 — Deferred compensation 569 145 Investment impairment charge recorded directly to stockholders’ equity as a component of other comprehensive income 497 406 Minimum pension liability 402 313 Net operating loss carryforward 4,227 1,493 Alternative minimum tax credit carryforward 394 54 Net unrealized losses on securities available for sale 296 60 Nonaccrual interest income 358 454 Other 200 77 9,305 3,593 Deferred tax liabilities Deferred loan origination costs 288 218 Core deposit intangible 798 — Accrued pension costs 1,471 1,376 Depreciation 875 220 Accretion of discount on investment securities, net 1 2 3,433 1,816 Net deferred tax asset $ 5,872 $ 1,777 The Bank has analyzed the tax positions taken or expected to be taken in its tax returns and concluded it has no liability related to uncertain tax positions in accordance with applicable regulations. Tax returns for the years subsequent to 2013 remain subject to examination by both federal and state tax authorities. Deferred tax assets or liabilities are initially recognized for differences between the financial statement carrying amount and the tax basis of assets and liabilities which will result in future deductible or taxable amounts and operating loss and tax credit carry-forwards. A valuation allowance is then established, as applicable, to reduce the deferred tax asset to the level at which it is “more likely than not” that the tax benefits will be realized. Sources of taxable income that may allow for the realization of tax benefits include (1) taxable income in the current year or prior years that is available through carry-back, (2) future taxable income that will result from the reversal of existing taxable temporary differences, and (3) taxable income generated by future operations. There is no valuation allowance for deferred tax assets as of December 31, 2016 and 2015. The net operating loss of approximately $13.1 million, if not utilized prior to, will begin to expire in 2031. It is management’s belief that realization of the deferred tax asset is more likely than not.

Commitments and Contingencies

Commitments and Contingencies	12 Months Ended
	Dec. 31, 2016
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	Note 16. Commitments and Contingencies Litigation In the normal course of business the Bank is involved in various legal proceedings. After consultation with legal counsel, management believes that any liability resulting from such proceedings will not be material to the consolidated financial statements. Financial Instruments with Off-Balance The Bank is party to financial instruments with off-balance The Bank’s exposure to credit loss in the event of nonperformance by the other party to the financial instrument for commitments to extend credit and standby letters of credit is represented by the contractual amount of those instruments. The Bank uses the same credit policies in making commitments and conditional obligations as for on-balance (dollars in thousands) 2016 2015 Commitments to extend credit $ 54,667 $ 23,813 Standby letters of credit — — $ 54,667 $ 23,813 Commitments to extend credit are agreements to lend to a customer as long as there is no violation of any condition established in the contract. Commitments generally have fixed expiration dates or other termination clauses and may require payment of a fee. Since many of the commitments are expected to expire without being drawn upon, the total commitment amounts do not necessarily represent future cash requirements. The Bank evaluates each customer’s creditworthiness on a case-by-case Standby letters of credit are conditional commitments issued by the Bank to guarantee the performance of a customer to a third party. Those guarantees are primarily issued to support public and private borrowing arrangements. The credit risk involved in issuing letters of credit is essentially the same as that involved in extending loan facilities to customers. Collateral held varies as specified above and is required in instances which the Bank deems necessary. Concentrations of Credit Risk Substantially all of the Bank’s loans, commitments to extend credit, and standby letters of credit have been granted to customers in the Bank’s market area and such customers are generally depositors of the Bank. Investments in state and municipal securities involve governmental entities within and outside the Bank’s market area. The concentrations of credit by type of loan are set forth in Note 5. The distribution of commitments to extend credit approximates the distribution of loans outstanding. Standby letters of credit are granted primarily to commercial borrowers. The Bank’s primary focus is toward small business and consumer transactions, and accordingly, it does not have a significant number of credits to any single borrower or group of related borrowers in excess of $5,000,000. The Bank has cash and cash equivalents on deposit with financial institutions which exceed federally insured limits.

Regulatory Restrictions

Regulatory Restrictions	12 Months Ended
	Dec. 31, 2016
Banking and Thrift [Abstract]
Regulatory Restrictions	Note 17. Regulatory Restrictions Dividends The Company’s dividend payments are generally made from dividends received from the Bank. Under applicable federal law, the Comptroller of the Currency restricts national bank total dividend payments in any calendar year to net profits of that year, as defined, combined with retained net profits for the two preceding years. The Comptroller also has authority under the Financial Institutions Supervisory Act to prohibit a national bank from engaging in an unsafe or unsound practice in conducting its business. It is possible, under certain circumstances, the Comptroller could assert that dividends or other payments would be an unsafe or unsound practice. Intercompany Transactions The Bank’s legal lending limit on loans to the Company is governed by Federal Reserve Act 23A, and differs from legal lending limits on loans to external customers. Generally, a bank may lend up to 10 percent of its capital and surplus to its Parent, if the loan is secured. If collateral is in the form of stocks, bonds, debentures or similar obligations, it must have a market value when the loan is made of at least 20 percent more than the amount of the loan, and if obligations of a state or political subdivision or agency thereof, it must have a market value of at least 10 percent more than the amount of the loan. If such loans are secured by obligations of the United States or agencies thereof, or by notes, drafts, bills of exchange or bankers’ acceptances eligible for rediscount or purchase by a Federal Reserve Bank, requirements for collateral in excess of the loan amount do not apply. Under this definition, the legal lending limit for the Bank on loans to the Company was approximately $5.4 million at December 31, 2016. No 23A transactions were deemed to exist between the Company and the Bank at December 31, 2016. Capital Requirements The Company and the Bank are subject to various regulatory capital requirements administered by federal and state banking agencies. Failure to meet minimum capital requirements can initiate certain mandatory - and possibly additional discretionary - actions by regulators that, if undertaken, could have a direct material effect on the Bank’s financial statements. Under capital adequacy guidelines and the regulatory framework for prompt corrective action, the Bank must meet specific capital guidelines that involve quantitative measures of the Bank’s assets, liabilities, and certain off-balance Effective January 1, 2015, the federal banking regulators adopted rules to implement the Basel III regulatory capital reforms from the Basel Committee on Banking Supervision and certain provisions of the Dodd-Frank Act. The final rules required the Bank to comply with the following new minimum capital ratios: (i) a new common equity Tier 1 capital ratio of 4.5% of risk-weighted assets; (ii) a Tier 1 capital ratio of 6% of risk-weighted assets (increased from the prior requirement of 4%); (iii) a total capital ratio of 8% of risk-weighted assets (unchanged from the prior requirement); and (iv) a leverage ratio of 4% of total assets (unchanged from the prior requirement). When fully phased in on January 1, 2019, the rules will require the Company and the Bank to maintain (i) a minimum ratio of common equity Tier 1 to risk-weighted assets of at least 4.5%, plus a 2.5% “capital conservation buffer” (which is added to the 4.5% common equity Tier 1 ratio as that buffer is phased in, effectively resulting in a minimum ratio of common equity Tier 1 to risk-weighted assets of at least 7% upon full implementation), (ii) a minimum ratio of Tier 1 capital to risk-weighted assets of at least 6.0%, plus the 2.5% capital conservation buffer (which is added to the 6.0% Tier 1 capital ratio as that buffer is phased in, effectively resulting in a minimum Tier 1 capital ratio of 8.5% upon full implementation), (iii) a minimum ratio of total capital to risk-weighted assets of at least 8.0%, plus the 2.5% capital conservation buffer (which is added to the 8.0% total capital ratio as that buffer is phased in, effectively resulting in a minimum total capital ratio of 10.5% upon full implementation), and (iv) a minimum leverage ratio of 4%, calculated as the ratio of Tier 1 capital to average assets. The capital conservation buffer requirement will be phased in beginning January 1, 2016, at 0.625% of risk-weighted assets, increasing by the same amount each year until fully implemented at 2.5% on January 1, 2019. The capital conservation buffer is designed to absorb losses during periods of economic stress. Banking institutions with a ratio of common equity Tier 1 to risk-weighted assets above the minimum but below the conservation buffer will face constraints on dividends, equity repurchases, and compensation based on the amount of the shortfall. The rules also revised the “prompt corrective action” regulations pursuant to Section 38 of the FDIA by (i) introducing a common equity Tier 1 capital ratio requirement at each level (other than critically undercapitalized), with the required ratio being 6.5% for well-capitalized status; (ii) increasing the minimum Tier 1 capital ratio requirement for each category, with the minimum ratio for well-capitalized status being 8.0% (as compared to the prior ratio of 6.0%); and (iii) eliminating the current provision that provides that a bank with a composite supervisory rating of 1 may have a 3.0% Tier 1 leverage ratio and still be well-capitalized. These new thresholds were effective for the Bank as of January 1, 2015. The minimum total capital to risk-weighted assets ratio (10.0%) and minimum leverage ratio (5.0%) for well-capitalized status were unchanged by the final rules. The new capital requirements also included changes in the risk weights of assets to better reflect credit risk and other risk exposures. These include a 150% risk weight (up from 100%) for certain high volatility commercial real estate acquisition, development and construction loans and nonresidential mortgage loans that are 90 days past due or otherwise on nonaccrual status, a 20% (up from 0%) credit conversion factor for the unused portion of a commitment with an original maturity of one year or less that is not unconditionally cancelable, a 250% risk weight (up from 100%) for mortgage servicing rights and deferred tax assets that are not deducted from capital, and increased risk-weights (from 0% to up to 600%) for equity exposures. Based on management’s understanding and interpretation of the new capital rules, it believes that, as of December 31, 2016, the Bank meets all capital adequacy requirements under such rules on a fully phased-in As shown in the accompanying table, the Bank has capital levels exceeding the minimum levels for “well-capitalized” banks as of December 31, 2016 and 2015. At December 31, 2016 and 2015, the Bank had the following actual and required regulatory capital amounts (in thousands): Actual For Capital To Be Well- Amount Ratio Amount Ratio Amount Ratio December 31, 2016 Total capital (to risk weighted assets) Consolidated $ 55,957 13.24 % $ 33,798 8.00 % $ 42,248 10.00 % Bank 53,657 12.72 % 33,744 8.00 % 42,180 10.00 % Tier 1 Capital (to risk weighted assets) Consolidated $ 52,410 12.41 % $ 25,349 6.00 % $ 33,798 8.00 % Bank 50,111 11.88 % 25,308 6.00 % 33,744 8.00 % Common Equity Tier 1 (to risk weighted assets) Consolidated $ 52,410 12.41 % $ 19,012 4.50 % $ 27,461 6.50 % Bank 50,111 11.88 % 18,981 4.50 % 27,417 6.50 % Tier 1 Capital (to average total assets) Consolidated $ 52,410 9.41 % $ 22,274 4.00 % $ 27,842 5.00 % Bank 50,111 9.01 % 22,242 4.00 % 27,803 5.00 % December 31, 2015 Total capital (to risk weighted assets) Consolidated $ 33,153 12.85 % $ 20,647 8.00 % $ 25,809 10.00 % Bank 32,953 12.78 % 20,631 8.00 % 25,789 10.00 % Tier 1 Capital (to risk weighted assets) Consolidated $ 29,886 11.58 % $ 15,485 6.00 % $ 20,647 8.00 % Bank 29,686 11.51 % 15,473 6.00 % 20,631 8.00 % Common Equity Tier 1 (to risk weighted assets) Consolidated $ 29,886 11.58 % $ 11,614 4.50 % $ 16,776 6.50 % Bank 29,686 11.51 % 11,605 4.50 % 16,763 6.50 % Tier 1 Capital (to average total assets) Consolidated $ 29,886 8.97 % $ 13,334 4.00 % $ 16,666 5.00 % Bank 29,686 8.91 % 13,325 4.00 % 16,656 5.00 %

Transactions with Related Parti

Transactions with Related Parties	12 Months Ended
	Dec. 31, 2016
Related Party Transactions [Abstract]
Transactions with Related Parties	Note 18. Transactions with Related Parties The Bank has entered into transactions with its directors, significant stockholders and their affiliates (related parties). Such transactions were made in the ordinary course of business on substantially the same terms and conditions, including interest rates and collateral, as those prevailing at the same time for comparable transactions with other customers, and did not, in the opinion of management, involve more than normal credit risk or present other unfavorable features. Aggregate 2016 and 2015 loan transactions with related parties were as follows: (dollars in thousands) 2016 2015 Balance, beginning $ 1,741 $ 2,671 New loans 841 803 Repayments (695 ) (1,644 ) Change in relationship 3,225 (89 ) Balance, ending $ 5,112 $ 1,741 The Company has accepted deposits during the ordinary course of business from certain directors and executive officers of the Company and from their affiliates and associates. The total amount of these deposits outstanding was $9.5 million, and $1.1 million at December 31, 2016 and 2015, respectively.

Parent Company Financial Inform

Parent Company Financial Information	12 Months Ended
	Dec. 31, 2016
Condensed Financial Information of Parent Company Only Disclosure [Abstract]
Parent Company Financial Information	Note 19. Parent Company Financial Information Condensed financial information of Parkway Acquisition Corp. is presented as follows: Balance Sheets December 31, 2016 and 2015 (dollars in thousands) 2016 2015 Assets Cash and due from banks $ 1,621 $ 29 Investment in affiliate bank 53,168 30,456 Other assets 677 256 Total assets $ 55,466 $ 30,741 Liabilities Other liabilities $ — $ 85 Stockholders’ equity Common stock — 2,149 Surplus 26,166 522 Retained earnings 30,654 28,709 Accumulated other comprehensive loss (1,354 ) (724 ) Total stockholders’ equity 55,466 30,656 Total liabilities and stockholders’ equity $ 55,466 $ 30,741 Statements of Income For the years ended December 31, 2016 and 2015 (dollars in thousands) 2016 2015 Income Dividends from affiliate bank $ 573 $ 272 Bargain purchase gain 891 — Other income 7 1 1,471 273 Expenses Management and professional fees 56 148 Other expenses 27 24 83 172 Income before tax benefit and equity in undistributed income of affiliate 1,388 101 Federal income tax (expense) benefit (225 ) 58 Income before equity in undistributed income of affiliate 1,163 159 Equity in undistributed income of affiliate 1,255 838 Net income $ 2,418 $ 997 Statements of Cash Flows For the years ended December 31, 2016 and 2015 (dollars in thousands) 2016 2015 Cash flows from operating activities Net income $ 2,418 $ 997 Adjustments to reconcile net income to net cash provided by operating activities: Equity in undistributed income of affiliate (1,255 ) (838 ) Bargain purchase gain (891 ) — Change in other assets 59 (69 ) Change in other liabilities (85 ) 85 Net cash provided by operating activities 246 175 Cash flows from investing activities Net decrease in loans 1,002 — Cash received in business combination 822 — Net cash provided by investing activities 1,824 — Cash flows from financing activities Cash paid for fractional shares (5 ) — Dividends paid (473 ) (172 ) Net cash used by financing activities (478 ) (172 ) Net increase in cash and cash equivalents 1,592 3 Cash and cash equivalents, beginning 29 26 Cash and cash equivalents, ending $ 1,621 $ 29

Subsequent Events

Subsequent Events	12 Months Ended
	Dec. 31, 2016
Subsequent Events [Abstract]
Subsequent Events	Note 20. Subsequent Events The Company provided notice to the Office of the Comptroller of the Currency on February 27, 2017 that effective March 13, 2017, the corporate title of Grayson National Bank, a subsidiary of the Company, would be changed to Skyline National Bank. Subsequent events are events or transactions that occur after the balance sheet date but before financial statements are issued. Recognized subsequent events are events or transactions that provide additional evidence about conditions that existed at the date of the balance sheet, including the estimates inherent in the process of preparing financial statements. Non-recognized

Organization and Summary of S29

Organization and Summary of Significant Accounting Policies (Policies)	12 Months Ended
	Dec. 31, 2016
Accounting Policies [Abstract]
Critical Accounting Policies	Critical Accounting Policies Management believes the policies with respect to the methodology for the determination of the allowance for loan losses, and asset impairment judgments involve a higher degree of complexity and require management to make difficult and subjective judgments which often require assumptions or estimates about highly uncertain matters. Changes in these judgments, assumptions or estimates could cause reported results to differ materially. These critical policies and their application are periodically reviewed with the Audit Committee and the Board of Directors.
Principles of Consolidation	Principles of Consolidation The consolidated financial statements include the accounts of the Company and the Bank, which is wholly owned. All significant, intercompany transactions and balances have been eliminated in consolidation.
Business Segments	Business Segments The Company reports its activities as a single business segment. In determining the appropriateness of segment definition, the Company considers components of the business about which financial information is available and regularly evaluated relative to resource allocation and performance assessment.
Business Combinations	Business Combinations Generally, acquisitions are accounted for under the acquisition method of accounting in accordance with Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (“ASC”) 805, Business Combinations
Use of Estimates	Use of Estimates The preparation of financial statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. Material estimates that are particularly susceptible to significant change relate to the determination of the allowance for loan losses and the valuation of real estate acquired in connection with foreclosures or in satisfaction of loans. In connection with the determination of the allowances for loan and foreclosed real estate losses, management obtains independent appraisals for significant properties. Substantially all of the Bank’s loan portfolio consists of loans in its market area. Accordingly, the ultimate collectibility of a substantial portion of the Bank’s loan portfolio and the recovery of a substantial portion of the carrying amount of foreclosed real estate are susceptible to changes in local market conditions. The regional economy is diverse, but influenced to an extent by the manufacturing and agricultural segments. While management uses available information to recognize loan and foreclosed real estate losses, future additions to the allowances may be necessary based on changes in local economic conditions. In addition, regulatory agencies, as a part of their routine examination process, periodically review the Bank’s allowances for loan and foreclosed real estate losses. Such agencies may require the Bank to recognize additions to the allowances based on their judgments about information available to them at the time of their examinations. Because of these factors, it is reasonably possible that the allowances for loan and foreclosed real estate losses may change materially in the near term. The Company seeks strategies that minimize the tax effect of implementing their business strategies. As such, judgments are made regarding the ultimate consequence of long-term tax planning strategies, including the likelihood of future recognition of deferred tax benefits. The Company’s tax returns are subject to examination by both Federal and State authorities. Such examinations may result in the assessment of additional taxes, interest and penalties. As a result, the ultimate outcome, and the corresponding financial statement impact, can be difficult to predict with accuracy. Accounting for pension benefits, costs and related liabilities are developed using actuarial valuations. These valuations include key assumptions determined by management, including the discount rate and expected long-term rate of return on plan assets. Material changes in pension costs may occur in the future due to changes in these assumptions.
Cash and Cash Equivalents	Cash and Cash Equivalents For purposes of reporting cash flows, cash and cash equivalents includes cash and amounts due from banks (including cash items in process of collection), interest-bearing deposits with banks and federal funds sold.
Trading Securities	Trading Securities The Company does not hold securities for short-term resale and therefore does not maintain a trading securities portfolio.
Securities Held to Maturity	Securities Held to Maturity Bonds, notes, and debentures for which the Company has the positive intent and ability to hold to maturity are reported at cost, adjusted for premiums and discounts that are recognized in interest income using the interest method over the period to maturity.
Securities Available for Sale	Securities Available for Sale Available for sale securities are reported at fair value and consist of bonds, notes, debentures, and certain equity securities not classified as trading securities or as held to maturity securities. Unrealized holding gains and losses, net of tax, on available for sale securities are reported as a net amount in a separate component of accumulated other comprehensive income. Realized gains and losses on the sale of available for sale securities are determined using the specific-identification method. Premiums and discounts are recognized in interest income using the interest method over the period to maturity. Declines in the fair value of individual held to maturity and available for sale securities below cost that are other than temporary are reflected as write-downs of the individual securities to fair value. Related write-downs are included in earnings as realized losses.
Loans Receivable	Loans Receivable Loans receivable that management has the intent and ability to hold for the foreseeable future or until maturity or pay-off Interest is accrued and credited to income based on the principal amount outstanding. The accrual of interest on impaired loans is discontinued when, in management’s opinion, the borrower may be unable to meet payments as they become due. When interest accrual is discontinued, all unpaid accrued interest is reversed. Interest income is subsequently recognized only to the extent cash payments are received. Payments received are first applied to principal, and any remaining funds are then applied to interest. When facts and circumstances indicate the borrower has regained the ability to meet the required payments, the loan is returned to accrual status. Past due status of loans is determined based on contractual terms. Purchased Performing Loans –
Loans Receivable, continued	Loans Receivable, continued Purchased Credit-Impaired (“PCI”) Loans
Allowance for Loan Losses	Allowance for Loan Losses The allowance for loan losses is established as losses are estimated to have occurred through a provision for loan losses charged to earnings. Loan losses are charged against the allowance when management believes the uncollectability of a loan balance, or portion there of, is confirmed. Subsequent recoveries, if any, are credited to the allowance. The allowance for loan losses is evaluated on a regular basis by management and is based upon management’s periodic review of the collectibility of the loans in light of historical experience, the nature and volume of the loan portfolio, adverse situations that may affect the borrower’s ability to repay, estimated value of any underlying collateral and prevailing economic conditions. This evaluation is inherently subjective as it requires estimates that are susceptible to significant revision as more information becomes available. The allowance consists of specific, general and unallocated components. The specific component is calculated on an individual basis for larger-balance, non-homogeneous non-impaired A loan is considered impaired when, based on current information and events, it is probable that we will be unable to collect the scheduled payments of principal or interest when due according to the contractual terms of the loan agreement. Factors considered by management in determining impairment include payment status, collateral value, and the probability of collecting scheduled principal and interest payments when due. Loans that experience insignificant payment delays and payment shortfalls generally are not classified as impaired. Management determines the significance of payment delays and payment shortfalls on a case-by-case Large groups of smaller balance homogeneous loans are collectively evaluated for impairment. Accordingly, the Bank does not separately identify individual consumer and residential loans for impairment disclosures, unless such loans are the subject of a restructuring agreement.
Troubled Debt Restructurings	Troubled Debt Restructurings Under GAAP, the Bank is required to account for certain loan modifications or restructurings as “troubled debt restructurings” or “troubled debt restructured loans.” In general, the modification or restructuring of a debt constitutes a troubled debt restructuring if the Bank for economic or legal reasons related to the borrower’s financial difficulties grants a concession to the borrower that the Bank would not otherwise consider. Debt restructuring or loan modifications for a borrower do not necessarily always constitute a troubled debt restructuring, however, and troubled debt restructurings do not necessarily result in non-accrual
Property and Equipment	Property and Equipment Land is carried at cost. Bank premises, furniture and equipment are carried at cost, less accumulated depreciation and amortization computed principally by the straight-line method over the following estimated useful lives: Years Buildings and improvements 10-40 Furniture and equipment 5-12
Foreclosed Assets	Foreclosed Assets Real estate properties acquired through, or in lieu of, loan foreclosure are to be sold and are initially recorded at fair value less anticipated cost to sell at the date of foreclosure, establishing a new cost basis. After foreclosure, valuations are periodically performed by management and the real estate is carried at the lower of carrying amount or fair value less cost to sell. Revenue and expenses from operations and changes in the valuation allowance are included in foreclosure expense on the consolidated statements of income.
Pension Plan	Pension Plan Prior to the merger, both Grayson National Bank (Grayson) and Bank of Floyd (Floyd) had qualified noncontributory defined benefit pension plans in place which covered substantially all of each bank’s employees. The benefits in each plan are primarily based on years of service and earnings. Both Grayson and Floyd plans were amended to freeze benefit accruals for all eligible employees prior to the effective date of the merger. Grayson’s plan is a single-employer plan, the funded status of which is measured as the difference between the fair value of plan assets and the projected benefit obligation. Floyd’s plan is a multi-employer plan for accounting purposes and is a multiple-employer plan under the Employee Retirement Income Security Act of 1974 and the Internal Revenue Code.
Transfers of Financial Assets	Transfers of Financial Assets Transfers of financial assets are accounted for as sales, when control over the assets has been surrendered. Control over transferred assets is deemed to be surrendered when (1) the assets have been isolated from the Bank; (2) the transferee obtains the right (free of conditions that constrain it from taking advantage of that right) to pledge or exchange the transferred assets; and (3) the Bank does not maintain effective control over the transferred assets through an agreement to repurchase them before their maturity or the ability to unilaterally cause the holder to return specific assets.
Core Deposit Intangible	Core Deposit Intangible Core deposit intangibles represent the value of long-term deposit relationships acquired in a business combination. Core deposit intangibles are amortized over the estimated useful lives of the deposit accounts acquired (generally twenty years on an accelerated basis).
Income Taxes	Income Taxes Provision for income taxes is based on amounts reported in the statements of income (after exclusion of non-taxable Deferred income tax expense results from changes in deferred tax assets and liabilities between periods. Deferred tax assets are recognized if it is more likely than not, based on the technical merits, that the tax position will be realized or sustained upon examination. The term more likely than not means a likelihood of more than 50 percent; the terms examined and upon examination also include resolution of the related appeals or litigation processes, if any. A tax position that meets the more likely than not recognition threshold is initially and subsequently measured as the largest amount of tax benefit that has a greater than 50 percent likelihood of being realized upon settlement with a taxing authority that has full knowledge of all relevant information. The determination of whether or not a tax position has met the more likely than not recognition threshold considers the facts, circumstances, and information available at the reporting date and is subject to management’s judgment. Deferred tax assets are reduced by a valuation allowance if, based on the weight of evidence available, it is more likely than not that some portion or all of a deferred tax asset will not be realized.
Advertising Expense	Advertising Expense The Company expenses advertising costs as they are incurred. Advertising expense for the years presented is not material.
Basic Earnings per Share	Basic Earnings per Share Basic earnings per share is computed by dividing income available to common stockholders by the weighted average number of common shares outstanding during the period, after giving retroactive effect to stock splits and dividends.
Comprehensive Income	Comprehensive Income Comprehensive income consists of net income and other comprehensive income (loss). Other comprehensive income includes unrealized gains and losses on securities available for sale and changes in the funded status of the pension plan which are also recognized as separate components of equity. The accumulated balances related to each component of other comprehensive income (loss) are as follows: (dollars in thousands) Unrealized Gains Defined Benefit Total Balance, December 31, 2014 $ (182 ) $ (405 ) $ (587 ) Other comprehensive income (loss) before reclassifications 130 (203 ) (73 ) Amounts reclassified from accumulated other comprehensive income (loss) (64 ) — (64 ) Balance December 31, 2015 (116 ) (608 ) (724 ) Other comprehensive loss before reclassifications (218 ) (172 ) (390 ) Amounts reclassified from accumulated other comprehensive loss (240 ) — (240 ) Balance December 31, 2016 $ (574 ) $ (780 ) $ (1,354 )
Off-Balance Sheet Credit Related Financial Instruments	Off-Balance In the ordinary course of business, the Company has entered into commitments to extend credit, including commitments under line of credit arrangements, commercial letters of credit, and standby letters of credit. Such financial instruments are recorded when they are funded.
Fair Value of Financial Instruments	Fair Value of Financial Instruments Fair values of financial instruments are estimated using relevant market information and other assumptions, as more fully disclosed in Note 12. Fair value estimates involve uncertainties and matters of significant judgment. Changes in assumptions or in market conditions could significantly affect the estimates.
Reclassification	Reclassification Certain reclassifications have been made to the prior years’ financial statements to place them on a comparable basis with the current presentation. Net loss and stockholders’ equity previously reported were not affected by these reclassifications.
Recent Accounting Pronouncements	Recent Accounting Pronouncements The following accounting standards may affect the future financial reporting by the Company: In May 2014, the FASB issued guidance to change the recognition of revenue from contracts with customers. The core principle of the new guidance is that an entity should recognize revenue to reflect the transfer of goods and services to customers in an amount equal to the consideration the entity receives or expects to receive. The guidance will be effective for the Company for annual periods beginning after December 15, 2017, and interim periods within annual reporting periods beginning after December 15, 2018. The Company will apply the guidance using a full retrospective approach. The Company does not expect these amendments to have a material effect on its consolidated financial statements. In April 2015, the FASB issued guidance which provides a practical expedient that permits the Company to measure defined benefit plan assets and obligations using the month-end year-end. In August 2015, the FASB deferred the effective date of ASU 2014-09, 2014-09 In September 2015, the FASB amended the Business Combinations topic of the Accounting Standards Codification to simplify the accounting for adjustments made to provisional amounts recognized in a business combination by eliminating the requirement to retrospectively account for those adjustments. The amendments were effective for the Company on January 1, 2016 and did not have a material effect on its financial statements. In November 2015, the FASB amended the Income Taxes topic of the Accounting Standards Codification to simplify the presentation of deferred income taxes by requiring that deferred tax liabilities and assets be classified as noncurrent in a classified statement of financial position. The amendments will be effective for financial statements issued for annual periods beginning after December 15, 2016, and interim periods within those annual periods, with early adoption permitted as of the beginning of an interim or annual reporting period. The Company will apply the guidance prospectively. The Company does not expect these amendments to have a material effect on its consolidated financial statements. Recent Accounting Pronouncements, continued In January 2016, the FASB amended the Financial Instruments topic of the Accounting Standards Codification to address certain aspects of recognition, measurement, presentation, and disclosure of financial instruments. The amendments will be effective for fiscal years beginning after December 15, 2017, including interim periods within those fiscal years. The Company will apply the guidance by means of a cumulative-effect adjustment to the balance sheet as of the beginning of the fiscal year of adoption. The amendments related to equity securities without readily determinable fair values will be applied prospectively to equity investments that exist as of the date of adoption of the amendments. The Company does not expect these amendments to have a material effect on its consolidated financial statements. In February 2016, the FASB amended the Leases topic of the Accounting Standards Codification to revise certain aspects of recognition, measurement, presentation, and disclosure of leasing transactions. The amendments will be effective for fiscal years beginning after December 15, 2018, including interim periods within those fiscal years. Early adoption is permitted. The Company is currently evaluating the effect that implementation of the new standard will have on its financial position, results of operations, and cash flows. In March 2016, the FASB amended the Revenue from Contracts with Customers topic of the Accounting Standards Codification to clarify the implementation guidance on principal versus agent considerations and address how an entity should assess whether it is the principal or the agent in contracts that include three or more parties. The amendments will be effective for the Company for reporting periods beginning after December 15, 2017. The Company does not expect these amendments to have a material effect on its financial statements. In March 2016, the FASB issued guidance to simplify several aspects of the accounting for share-based payment award transactions including the income tax consequences, the classification of awards as either equity or liabilities, and the classification on the statement of cash flows. Additionally, the guidance simplifies two areas specific to entities other than public business entities allowing them apply a practical expedient to estimate the expected term for all awards with performance or service conditions that have certain characteristics and also allowing them to make a one-time In April 2016, the FASB amended the Revenue from Contracts with Customers topic of the Accounting Standards Codification to clarify guidance related to identifying performance obligations and accounting for licenses of intellectual property. The amendments will be effective for the Company for reporting periods beginning after December 15, 2017. The Company does not expect these amendments to have a material effect on its financial statements. In May 2016, the FASB amended the Revenue from Contracts with Customers topic of the Accounting Standards Codification to clarify guidance related to collectability, noncash consideration, presentation of sales tax, and transition. The amendments will be effective for the Company for reporting periods beginning after December 15, 2017 . In June 2016, the FASB issued guidance to change the accounting for credit losses and modify the impairment model for certain debt securities. The amendments will be effective for the Company for reporting periods beginning after December 15, 2019. The Company is currently evaluating the effect that implementation of the new standard will have on its financial position, results of operations, and cash flows. Recent Accounting Pronouncements, continued In August 2016, the FASB amended the Statement of Cash Flows topic of the Accounting Standards Codification to clarify how certain cash receipts and cash payments are presented and classified in the statement of cash flows. The amendments will be effective for the Company for fiscal years beginning after December 15, 2017 including interim periods within those fiscal years. The Company does not expect these amendments to have a material effect on its financial statements. In October 2016, the FASB amended the Income Taxes topic of the Accounting Standards Codification to modify the accounting for intra-entity transfers of assets other than inventory. The amendments will be effective for the Company for fiscal years beginning after December 15, 2017 including interim periods within those fiscal years. Early adoption is permitted. The Company does not expect these amendments to have a material effect on its financial statements. In October 2016, the FASB amended the Consolidation topic of the Accounting Standards Codification to revise the consolidation guidance on how a reporting entity that is the single decision maker of a variable interest entity (VIE) should treat indirect interests in the entity held through related parties that are under common control with the reporting entity when determining whether it is the primary beneficiary of that VIE. The amendments will be effective for the Company for fiscal years beginning after December 15, 2016 including interim periods within those fiscal years. Early adoption is permitted. The Company does not expect these amendments to have a material effect on its financial statements. In November 2016, the FASB amended the Statement of Cash Flows topic of the Accounting Standards Codification to clarify how restricted cash is presented and classified in the statement of cash flows. The amendments will be effective for the Company for fiscal years beginning after December 15, 2017 including interim periods within those fiscal years. Early adoption is permitted. The Company does not expect these amendments to have a material effect on its financial statements. In December 2016, the FASB issued amendments to clarify the Accounting Standards Codification (ASC), correct unintended application of guidance, and make minor improvements to the ASC that are not expected to have a significant effect on current accounting practice or create a significant administrative cost to most entities. The amendments were effective upon issuance (December 14, 2016) for amendments that do not have transition guidance. Amendments that are subject to transition guidance will be effective for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2016. Early adoption is permitted. The Company does not expect these amendments to have a material effect on its financial statements. In December 2016, the FASB issued technical corrections and improvements to the Revenue from Contracts with Customers Topic. These corrections make a limited number of revisions to several pieces of the revenue recognition standard issued in 2014. The effective date and transition requirements for the technical corrections will be effective for the Company for reporting periods beginning after December 15, 2017. The Company will apply the guidance using a full retrospective approach. The Company does not expect these amendments to have a material effect on its financial statements. Other accounting standards that have been issued or proposed by the FASB or other standards-setting bodies are not expected to have a material impact on the Company’s consolidated financial position, results of operations or cash flows.

Organization and Summary of S30

Organization and Summary of Significant Accounting Policies (Tables)	12 Months Ended
	Dec. 31, 2016
Accounting Policies [Abstract]
Property and Equipment, Estimated Useful Lives	Bank premises, furniture and equipment are carried at cost, less accumulated depreciation and amortization computed principally by the straight-line method over the following estimated useful lives: Years Buildings and improvements 10-40 Furniture and equipment 5-12
Accumulated Balances Related Component of Other Comprehensive Income (Loss)	The accumulated balances related to each component of other comprehensive income (loss) are as follows: (dollars in thousands) Unrealized Gains Defined Benefit Total Balance, December 31, 2014 $ (182 ) $ (405 ) $ (587 ) Other comprehensive income (loss) before reclassifications 130 (203 ) (73 ) Amounts reclassified from accumulated other comprehensive income (loss) (64 ) — (64 ) Balance December 31, 2015 (116 ) (608 ) (724 ) Other comprehensive loss before reclassifications (218 ) (172 ) (390 ) Amounts reclassified from accumulated other comprehensive loss (240 ) — (240 ) Balance December 31, 2016 $ (574 ) $ (780 ) $ (1,354 )

Business Combinations (Tables)

Business Combinations (Tables)	12 Months Ended
	Dec. 31, 2016
Schedule of Assets and Liabilities	The following table presents the assets and liabilities of Parkway and Grayson prior to the merger, the estimated fair value of Cardinal assets acquired and liabilities assumed, and the resulting estimated balance sheet of Parkway immediately following the merger on July 1, 2016. (dollars in thousands) Pre-Merger Pre-Merger Cardinal Post-Merger Assets Cash and cash equivalents $ — $ 13,117 $ 11,698 $ 24,815 Investment securities — 33,847 59,005 92,852 Restricted equity securities — 971 1,308 2,279 Loans — 244,800 157,852 402,652 Allowance for loan losses — (3,309 ) — (3,309 ) Cash value of life insurance — 10,122 6,714 16,836 Foreclosed assets — 95 — 95 Property and equipment — 11,548 6,423 17,971 Goodwill and other intangible assets — — 2,469 2,469 Accrued interest receivable — 1,253 539 1,792 Other assets — 5,044 7,127 12,171 Total assets $ — $ 317,488 $ 253,135 $ 570,623 Liabilities Deposits $ — $ 274,265 $ 219,273 $ 493,538 Borrowings — 10,000 8,000 18,000 Accrued interest payable — 96 35 131 Other liabilities — 1,146 1,436 2,582 Total liabilities $ — $ 285,507 $ 228,744 $ 514,251 Shareholders’ Equity $ — $ 31,981 $ 24,391 $ 56,372
Supplemental Pro Forma Information	Supplemental Pro Forma Information (dollars in thousands except per share data) The table below presents supplemental pro forma information as if the Cardinal acquisition had occurred at the beginning of the earliest period presented, which was January 1, 2015. Pro forma results include adjustments for amortization and accretion of fair value adjustments and do not include any projected cost savings or other anticipated benefits of the merger. Therefore, the pro forma financial information is not indicative of the results of operations that would have occurred had the transactions been effected on the assumed date. Pre-tax Year Ended December 31, 2016 2015 (unaudited) (unaudited) Net interest income $ 19,000 $ 18,448 Net income (a) $ 2,620 $ 2,295 Basic and diluted weighted average shares outstanding (b) 5,021,376 5,021,376 Basic and diluted earnings per common share $ 0.52 $ 0.46 (a) Supplemental pro forma net income includes the impact of certain fair value adjustments. Supplemental pro forma net income does not include assumptions on cost savings or the impact of merger-related expenses. (b) Weighted average shares outstanding includes the full effect of the common stock issued in connection with the Cardinal acquisition as of the earliest reporting date.
Cardinal Bankshares Corporation
Schedule of Assets Acquired and Liabilities Assumed, Fair Value Adjustments and Determination of Purchase Gain	The following table presents the Cardinal assets acquired and liabilities assumed as of July 1, 2016 as well as the related fair value adjustments and determination of purchase gain. (dollars in thousands) As Reported by Fair Value As Reported by Assets Cash and cash equivalents $ 11,698 $ — $ 11,698 Investment securities 59,327 (322 )(a) 59,005 Restricted equity securities 1,308 — 1,308 Loans 164,044 (6,192 )(b) 157,852 Allowance for loan losses (2,123 ) 2,123 (c) — Cash value of life insurance 6,714 — 6,714 Property and equipment 5,384 1,039 (d) 6,423 Intangible assets — 2,469 (e) 2,469 Accrued interest receivable 539 — 539 Other assets 2,450 4,677 (f) 7,127 Total assets acquired $ 249,341 $ 3,794 $ 253,135 Liabilities Deposits $ 218,671 $ 602 (g) $ 219,273 Borrowings 8,000 — (h) 8,000 Accrued interest payable 35 — 35 Other liabilities 1,289 147 (i) 1,436 Total liabilities acquired $ 227,995 $ 749 $ 228,744 Net assets acquired 24,391 Total consideration paid 23,500 Purchase gain $ 891 Explanation of fair value adjustments: (a) Reflects the opening fair value of securities portfolio, which was established as the new book basis of the portfolio. (b) Reflects the fair value adjustment based on the Company’s third party valuation report. (c) Existing allowance for loan losses eliminated to reflect accounting guidance. (d) Estimated adjustment to Cardinal’s real property based upon third-party appraisals and the Company’s evaluation of equipment and other fixed assets. (e) Reflects the recording of the estimated core deposit intangible based on the Company’s third party valuation report. (f) Recording of deferred tax asset generated by the net fair value adjustments (tax rate = 34%). Also recognizes partial reversal of Cardinal’s deferred tax asset valuation allowance. (g) Estimated fair value adjustment to time deposits based on the Company’s third party evaluation report on deposits assumed. (h) Cardinal’s borrowings were overnight borrowings and carried at fair value therefore no adjustment was required. (i) Reflects the fair value adjustment based on the Company’s evaluation of acquired other liabilities.

Investment Securities (Tables)

Investment Securities (Tables)	12 Months Ended
	Dec. 31, 2016
Investments, Debt and Equity Securities [Abstract]
Amortized Cost and Aggregate Fair Value of Available for Sale Securities	The amortized cost of securities and their approximate fair values at December 31 follow: (dollars in thousands) Amortized Unrealized Unrealized Fair 2016 Available for sale: Government sponsored enterprises $ 2,046 $ 236 $ (73 ) $ 2,209 Mortgage-backed securities 36,021 4 (823 ) 35,202 Corporate securities 3,061 — (87 ) 2,974 State and municipal securities 22,282 97 (224 ) 22,155 $ 63,410 $ 337 $ (1,207 ) $ 62,540 2015 Available for sale: U.S. Treasury securities $ 1,534 $ — $ (18 ) $ 1,516 U.S. Government agency securities 3 1 — 4 Government sponsored enterprises 15,327 83 (101 ) 15,309 Mortgage-backed securities 13,595 11 (93 ) 13,513 Asset-backed securities 1,989 — — 1,989 Corporate securities 3,104 — (130 ) 2,974 State and municipal securities 20,673 176 (104 ) 20,745 $ 56,225 $ 271 $ (446 ) $ 56,050
Unrealized Losses and Related Fair Values in Company's Held to Maturity and Available for Sale Investment Securities Portfolios	The following tables details unrealized losses and related fair values in the Company’s held to maturity and available for sale investment securities portfolios. This information is aggregated by the length of time that individual securities have been in a continuous unrealized loss position as of December 31, 2016 and 2015. Less Than 12 Months 12 Months or More Total (dollars in thousands) Fair Unrealized Fair Unrealized Fair Unrealized 2016 Available for sale: Government sponsored enterprises $ — $ — $ 1,924 $ (73 ) $ 1,924 $ (73 ) Mortgage-backed securities 31,759 (789 ) 688 (34 ) 32,447 (823 ) Corporate securities 1,548 (12 ) 1,425 (75 ) 2,973 (87 ) State and municipal securities 12,208 (224 ) — — 12,208 (224 ) Total securities available for sale $ 45,515 $ (1,025 ) $ 4,037 $ (182 ) $ 49,552 $ (1,207 ) 2015 Available for sale: U.S. Treasury securities $ 1,515 $ (18 ) $ — $ — $ 1,515 $ (18 ) Government sponsored enterprises 897 (16 ) 3,910 (85 ) 4,807 (101 ) Mortgage-backed securities 9,357 (68 ) 782 (25 ) 10,139 (93 ) Corporate securities 2,974 (130 ) — — 2,974 (130 ) State and municipal securities 5,512 (52 ) 2,030 (52 ) 7,542 (104 ) Total securities available for sale $ 20,255 $ (284 ) $ 6,722 $ (162 ) $ 26,977 $ (446 )
Gross Realized Gains and Losses on Sale of Investment Securities	Gross realized gains and losses for the years ended December 31 are as follows: (dollars in thousands) 2016 2015 Realized gains $ 369 $ 213 Realized losses (5 ) (116 ) $ 364 $ 97
Scheduled Maturities of Securities Available for Sale	The scheduled maturities of securities available for sale at December 31, 2016, were as follows: (dollars in thousands) Amortized Fair Due in one year or less $ — $ — Due after one year through five years 9,535 9,445 Due after five years through ten years 25,312 24,824 Due after ten years 28,563 28,271 $ 63,410 $ 62,540

Loans Receivable (Tables)

Loans Receivable (Tables)	12 Months Ended
	Dec. 31, 2016
Receivables [Abstract]
Major Components of Loans in Consolidated Balance Sheets	The major components of loans in the consolidated balance sheets at December 31, 2016 and December 31, 2015 are as follows: (dollars in thousands) 2016 2015 Commercial & agricultural $ 26,086 $ 12,782 Commercial mortgage 128,515 52,463 Construction & development 26,464 14,493 Farmland 33,531 31,512 Residential 187,188 124,984 Consumer & other 10,184 4,982 Total loans 411,968 241,216 Allowance for loan losses (3,420 ) (3,418 ) Loans, net of allowance for loan losses $ 408,548 $ 237,798
Major Components of Loans, Net of Fair Value Adjustments, Acquired From Business Acquisition	The major components of loans, net of fair value adjustments, acquired from Cardinal as of July 1, 2016, the acquisition date, are as follows: (dollars in thousands) Commercial & agricultural $ 15,897 Commercial mortgage 76,968 Construction & development 7,800 Farmland 4,146 Residential 49,609 Consumer & other 3,432 Total loans acquired $ 157,852

Allowance for Loan Losses and34

Allowance for Loan Losses and Impaired Loans (Tables)	12 Months Ended
	Dec. 31, 2016
Receivables [Abstract]
Allowance for Loan Losses and Recorded Investment in Loans	The following table presents activity in the allowance by loan category and information on the loans evaluated individually for impairment and collectively evaluated for impairment as of December 31, 2016 and December 31, 2015: Allowance for Loan Losses and Recorded Investment in Loans (dollars in thousands) Commercial & Agricultural Commercial Mortgage Construction & Development Farmland Residential Consumer & Other Total December 31, 2016 Allowance for loan losses: Beginning Balance $ 136 $ 578 $ 344 $ 435 $ 1,887 $ 38 $ 3,418 Charge-offs (19 ) (21 ) (20 ) — (84 ) (70 ) (214 ) Recoveries 8 — 98 59 22 34 221 Provision 85 43 (103 ) (152 ) 16 106 (5 ) Ending Balance $ 210 $ 600 $ 319 $ 342 $ 1,841 $ 108 $ 3,420 Ending balance: individually evaluated for impairment $ — $ — $ — $ 57 $ 184 $ — $ 241 Ending balance: collectively evaluated for impairment $ 210 $ 600 $ 319 $ 285 $ 1,657 $ 108 $ 3,179 Loans outstanding: Ending balance $ 26,086 $ 128,515 $ 26,464 $ 33,531 $ 187,188 $ 10,184 $ 411,968 Ending balance: individually evaluated for impairment $ — $ 114 $ 580 $ 5,030 $ 1,533 $ — $ 7,257 Ending balance: collectively evaluated for impairment $ 26,086 $ 128,401 $ 25,884 $ 28,501 $ 185,655 $ 10,184 $ 404,711 December 31, 2015 Allowance for loan losses: Beginning Balance $ 154 $ 728 $ 591 $ 613 $ 2,047 $ 52 $ 4,185 Charge-offs — (4 ) (186 ) — (466 ) (30 ) (686 ) Recoveries 10 — 16 — 23 57 106 Provision (28 ) (146 ) (77 ) (178 ) 283 (41 ) (187 ) Ending balance $ 136 $ 578 $ 344 $ 435 $ 1,887 $ 38 $ 3,418 Ending balance: individually evaluated for impairment $ — $ — $ — $ 69 $ 205 $ — $ 274 Ending balance: collectively evaluated for impairment $ 136 $ 578 $ 344 $ 366 $ 1,682 $ 38 $ 3,144 Loans outstanding: Ending balance $ 12,782 $ 52,463 $ 14,493 $ 31,512 $ 124,984 $ 4,982 $ 241,216 Ending balance: individually evaluated for impairment $ — $ — $ 878 $ 2,288 $ 1,910 $ — $ 5,076 Ending balance: collectively evaluated for impairment $ 12,782 $ 52,463 $ 13,615 $ 29,224 $ 123,074 $ 4,982 $ 236,140
Credit Risk Profile by Internally Assigned Grades	The following table lists the loan grades utilized by the Bank and the corresponding total of outstanding loans in each category as of December 31, 2016 and December 31, 2015: Credit Risk Profile by Internally Assigned Grades Loan Grades (dollars in thousands) Pass Watch Special Substandard Total December 31, 2016 Real Estate Secured: 1-4 $ 4,056 $ 370 $ — $ — $ 4,426 Commercial construction 2,603 — — — 2,603 Land development & other land 18,000 532 — 903 19,435 Farmland 23,201 5,276 — 5,054 33,531 1-4 122,301 11,517 — 2,111 135,929 Multifamily 25,365 1,321 — — 26,686 Home equity and second mortgage 23,219 1,243 — 111 24,573 Commercial mortgage 105,317 13,449 3,353 6,396 128,515 Non-Real Commercial & agricultural 22,719 2,333 485 549 26,086 Civic organizations 3,603 — — — 3,603 Consumer-auto 1,400 21 — — 1,421 Consumer-other 5,015 105 — 40 5,160 Total $ 356,799 $ 36,167 $ 3,838 $ 15,164 $ 411,968 Allowance for Loan Losses, continued Loan Grades (dollars in thousands) Pass Watch Special Substandard Total December 31, 2015 Real Estate Secured: 1-4 $ 3,268 $ — $ — $ — $ 3,268 Commercial construction — — — — — Land development & other land 9,555 418 — 1,252 11,225 Farmland 23,909 5,731 — 1,872 31,512 1-4 86,360 9,887 29 1,604 97,880 Multifamily 11,991 211 — — 12,202 Home equity and second mortgage 13,425 1,266 — 211 14,902 Commercial mortgage 46,084 6,018 206 155 52,463 Non-Real Commercial & agricultural 12,000 782 — — 12,782 Civic organizations 107 — — — 107 Consumer-auto 957 46 — — 1,003 Consumer-other 3,796 76 — — 3,872 Total $ 211,452 $ 24,435 $ 235 $ 5,094 $ 241,216
Analysis of Past Due and Nonaccrual Loans	The following table presents an age analysis of nonaccrual and past due loans by category as of December 31, 2016 and December 31, 2015: Analysis of Past Due and Nonaccrual Loans (dollars in thousands) 30-59 Days Past Due 60-89 Days Past Due 90 Days or More Past Total Past Due Current Total 90+ Day Past Dues Nonaccrual December 31, 2016 Real Estate Secured: 1-4 $ — $ — $ — $ — $ 4,426 $ 4,426 $ — $ — Commercial construction — — — — 2,603 2,603 — — Land development & other land — — 390 390 19,045 19,435 — 647 Farmland 343 — — 343 33,188 33,531 — 3,310 1-4 315 48 14 377 135,552 135,929 — 26 Multifamily — — — — 26,686 26,686 — — Home equity and second mortgage 98 — 5 103 24,470 24,573 — 5 Commercial mortgage 25 227 426 678 127,837 128,515 — 640 Non-Real Commercial & agricultural 67 — 25 92 25,994 26,086 — 31 Civic organizations — — — — 3,603 3,603 — — Consumer-auto 5 — — 5 1,416 1,421 — — Consumer-other — 6 — 6 5,154 5,160 — 5 Total $ 853 $ 281 $ 860 $ 1,994 $ 409,974 $ 411,968 $ — $ 4,664 Allowance for Loan Losses, continued (dollars in thousands) 30-59 Days 60-89 Days 90 Days or Total Past Current Total 90+ Days Nonaccrual December 31, 2015 Real Estate Secured: 1-4 $ — $ — $ — $ — $ 3,268 $ 3,268 $ — $ — Commercial construction — — — — — — — — Land development & other land — 573 — 573 10,652 11,225 — 306 Farmland — 43 529 572 30,940 31,512 — 529 1-4 466 26 204 696 97,184 97,880 — 409 Multifamily — — — — 12,202 12,202 — — Home equity and second mortgage — — 203 203 14,699 14,902 — 211 Commercial mortgage 134 157 93 384 52,079 52,463 — 134 Non-Real Commercial & agricultural 12 — — 12 12,770 12,782 — — Civic organizations — — — — 107 107 — — Consumer-auto — — — — 1,003 1,003 — — Consumer-other — — — — 3,872 3,872 — — Total $ 612 $ 799 $ 1,029 $ 2,440 $ 238,776 $ 241,216 $ — $ 1,589
Impaired Loans	The following table is a summary of information related to impaired loans as of December 31, 2016 and December 31, 2015: Impaired Loans (dollars in thousands) Recorded 1 Unpaid Principal Related Average Interest December 31, 2016 With no related allowance recorded: 1-4 $ — $ — $ — $ — $ — Land development & other land 581 581 — 840 17 Farmland 3,660 3,660 — 4,170 18 1-4 — — — 347 10 Home equity and second mortgage — — — — — Commercial mortgage 114 114 — 115 4 Commercial & agricultural — — — — — Consumer & other — — — — 1 Subtotal 4,355 4,355 — 5,472 50 With an allowance recorded: 1-4 — — — — — Land development & other land 193 193 10 201 16 Farmland 1,679 1,679 73 1,705 84 1-4 5,964 6,121 414 6,375 294 Home equity and second mortgage 174 179 9 254 8 Commercial mortgage 838 974 44 1,035 39 Commercial & agricultural 113 113 6 155 9 Consumer & other 4 4 — 10 1 Subtotal 8,965 9,263 556 9,735 451 Totals: 1-4 — — — — — Land development & other land 774 774 10 1,041 33 Farmland 5,339 5,339 73 5,875 102 1-4 5,964 6,121 414 6,722 304 Home equity and second mortgage 174 179 9 254 8 Commercial mortgage 952 1,088 44 1,150 43 Commercial & agricultural 113 113 6 155 9 Consumer & other 4 4 — 10 2 Total $ 13,320 $ 13,618 $ 556 $ 15,207 $ 501 1 investment is the loan balance, net of any charge-offs Impaired Loans, continued (dollars in thousands) Recorded 1 Unpaid Related Average Interest December 31, 2015 With no related allowance recorded: 1-4 $ — $ — $ — $ — $ — Land development & other land 879 879 — 913 22 Farmland 890 1,100 — 1,549 5 1-4 343 343 — 348 16 Home equity and second mortgage — — — — — Commercial mortgage — — — — — Commercial & agricultural — — — 19 — Consumer & other — — — — — Subtotal 2,112 2,322 — 2,829 43 With an allowance recorded: 1-4 — — — — — Land development & other land 208 287 11 587 19 Farmland 1,574 1,574 78 1,841 85 1-4 5,797 6,239 423 6,667 272 Home equity and second mortgage 261 261 13 322 8 Commercial mortgage 1,094 1,229 56 1,173 48 Commercial & agricultural 174 174 9 198 10 Consumer & other 19 19 1 37 2 Subtotal 9,127 9,783 591 10,825 444 Totals: 1-4 — — — — — Land development & other land 1,087 1,166 11 1,500 41 Farmland 2,464 2,674 78 3,390 90 1-4 6,140 6,582 423 7,015 288 Home equity and second mortgage 261 261 13 322 8 Commercial mortgage 1,094 1,229 56 1,173 48 Commercial & agricultural 174 174 9 217 10 Consumer & other 19 19 1 37 2 Total $ 11,239 $ 12,105 $ 591 $ 13,654 $ 487 1 Recorded investment is the loan balance, net of any charge-offs
Troubled Debt Restructurings	The following table sets forth information with respect to the Bank’s troubled debt restructurings as of December 31, 2016 and December 31, 2015: December 31, 2016 (dollars in thousands) TDRs identified during the period TDRs identified in the last twelve months that subsequently defaulted (1) Number Pre- outstanding Post- Number Pre- Post- Land development & other land — $ — $ — — $ — $ — Farmland 2 144 150 2 144 150 1-4 5 565 588 — — — Commercial mortgage — — — — — — Commercial & agricultural — — — — — — Consumer & other — — — — — — Total 7 $ 709 $ 738 2 $ 144 $ 150 (1) Loans past due 30 days or more are considered to be in default. December 31, 2015 (dollars in thousands) TDRs identified during the period TDRs identified in the last twelve (1) Number Pre- Post- Number Pre- Post- Land development & other land — $ — $ — — $ — $ — Farmland — — — — — — 1-4 4 392 388 — — — Commercial mortgage — — — — — — Commercial & agricultural — — — — — — Consumer & other 1 — 3 — — — Total 5 $ 392 $ 391 — $ — $ — (1) Loans past due 30 days or more are considered to be in default.

Property and Equipment (Tables)

Property and Equipment (Tables)	12 Months Ended
	Dec. 31, 2016
Property, Plant and Equipment [Abstract]
Components of Property and Equipment and Total Accumulated Depreciation	Components of property and equipment and total accumulated depreciation at December 31, 2016 and 2015, are as follows: (dollars in thousands) 2016 2015 Land $ 4,145 $ 2,925 Buildings and improvements 14,668 10,999 Furniture and equipment 9,634 7,426 28,447 21,350 Less accumulated depreciation (10,477 ) (9,594 ) $ 17,970 $ 11,756

Deposits (Tables)

Deposits (Tables)	12 Months Ended
	Dec. 31, 2016
Banking and Thrift [Abstract]
Scheduled Maturities of Time Deposits	At December 31, 2016, the scheduled maturities of all time deposits are as follows: (dollars in thousands) 2017 $ 78,195 2018 27,601 2019 18,263 2020 19,301 2021 23,995 Total $ 167,355

Financial Instruments (Tables)

Financial Instruments (Tables)	12 Months Ended
	Dec. 31, 2016
Investments, All Other Investments [Abstract]
Schedule of Carrying Amount, Fair Value, and Placement in Fair Value Hierarchy of Company's Financial Instruments, Excluding Financial Instruments, which the Carrying Amount Approximates Fair Value	The following presents the carrying amount, fair value, and placement in the fair value hierarchy of the Company’s financial instruments as of December 31, 2016 and December 31, 2015. This table excludes financial instruments for which the carrying amount approximates fair value. For short-term financial assets such as cash and cash equivalents, the carrying amount is a reasonable estimate of fair value due to the relatively short time between the origination of the instrument and its expected realization. For financial liabilities such as noninterest-bearing demand, interest-bearing demand, and savings deposits, the carrying amount is a reasonable estimate of fair value due to these products having no stated maturity. Fair Value Measurements (dollars in thousands) Carrying Fair Value Quoted Prices in Significant Significant (Level 3) December 31, 2016 Financial Instruments—Assets Net Loans $ 408,548 $ 405,876 $ — $ 405,410 $ 466 Financial Instruments – Liabilities Time Deposits 167,355 165,257 — 165,257 — December 31, 2015 Financial Instruments—Assets Net Loans $ 237,798 $ 237,928 $ — $ 236,761 $ 1,167 Financial Instruments – Liabilities Time Deposits 96,373 95,725 — 95,725 — Long-Term Debt 20,000 20,925 — 20,925 —
Schedule of Assets Recorded at Fair Value on Recurring Basis	Assets Recorded at Fair Value on a Recurring Basis (dollars in thousands) Total Level 1 Level 2 Level 3 December 31, 2016 Investment securities available for sale Government sponsored enterprises $ 2,209 $ — $ 2,209 $ — Mortgage-backed securities 35,202 — 35,202 — Corporate securities 2,974 — 2,974 — State and municipal securities 22,155 — 22,155 — Total assets at fair value $ 62,540 $ — $ 62,540 $ — December 31, 2015 Investment securities available for sale U.S. Treasury securities $ 1,516 $ — $ 1,516 $ — U.S. Government agency securities 4 — 4 — Government sponsored enterprises 15,309 — 15,309 — Mortgage-backed securities 13,513 — 13,513 — Asset-backed securities 1,989 — 1,989 — Corporate securities 2,974 — 2,974 — State and municipal securities 20,745 — 20,745 — Total assets at fair value $ 56,050 $ — $ 56,050 $ —
Schedule of Assets Recorded at Fair Value on Nonrecurring Basis	Assets measured at fair value on a nonrecurring basis are included in the table below. Total Level 1 Level 2 Level 3 December 31, 2016 Impaired loans $ 466 $ — $ — $ 466 Foreclosed assets 70 — — 70 Total assets at fair value $ 536 $ — $ — $ 536 Assets Recorded at Fair Value on a Nonrecurring Basis, continued December 31, 2015 Total Level 1 Level 2 Level 3 Impaired loans $ 1,167 $ — $ — $ 1,167 Foreclosed assets 408 — — 408 Total assets at fair value $ 1,575 $ — $ — $ 1,575
Schedule of Assets Recorded at Fair Value on Recurring and Nonrecurring Basis	For Level 3 assets measured at fair value on a recurring or non-recurring Fair Value at Fair Value at Valuation Technique Significant Unobservable Inputs General Range Impaired Loans $ 466 $ 1,167 Appraised Value/Discounted Cash Flows/Market Value of Note Discounts to reflect current market conditions, ultimate collectability, and estimated costs to sell 0 – 10 % Other Real Estate Owned $ 70 $ 408 Appraised Value/Comparable Sales/Other Estimates from Independent Sources Discounts to reflect current market conditions and estimated costs to sell 0 – 10 %

Employee Benefit Plans (Tables)

Employee Benefit Plans (Tables)	12 Months Ended
	Dec. 31, 2016
Compensation and Retirement Disclosure [Abstract]
Summary of Plan's Funded Status	The following is a summary of the plan’s funded status as of December 31: (dollars in thousands) 2016 2015 Change in benefit obligation Benefit obligation at beginning of year $ 4,645 $ 5,051 Interest cost 196 199 Actuarial (gain) loss 227 (215 ) Benefits paid (306 ) (380 ) Settlement (gain) loss 21 (10 ) Benefit obligation at end of year 4,783 4,645 Change in plan assets Fair value of plan assets at beginning of year 7,722 8,096 Actual return on plan assets 478 6 Benefits paid (306 ) (380 ) Fair value of plan assets at end of year 7,894 7,722 Funded status at the end of the year $ 3,111 $ 3,077
Amounts Recognized in Balance Sheet	2016 2015 Amounts recognized in the Balance Sheet Prepaid benefit cost $ 4,292 $ 3,997 Unrecognized net actuarial loss (1,181 ) (920 ) Amount recognized in other assets $ 3,111 $ 3,077
Amounts Recognized in Accumulated Comprehensive Income (Loss)	Amounts recognized in accumulated comprehensive income (loss) Unrecognized net actuarial loss $ (1,181 ) $ (920 ) Unfunded pension benefit obligation (1,181 ) (920 ) Deferred taxes 401 313 Amount recognized in accumulated comprehensive income (loss), net $ (780 ) $ (607 )
(Accrued) Prepaid Benefit Detail	(Accrued) Prepaid benefit detail Benefit obligation $ (4,783 ) $ (4,645 ) Fair value of assets 7,894 7,722 Unrecognized net actuarial (gain) loss 1,181 920 Prepaid benefit cost $ 4,292 $ 3,997
Components of Net Periodic Pension Cost	Components of net periodic pension cost Interest cost $ 196 $ 199 Expected return on plan assets (558 ) (582 ) Recognized net loss due to settlement 57 43 Recognized net actuarial loss 10 — Net periodic benefit expense $ (295 ) $ (340 )
Summary of Plan, Additional Disclosure Information	Additional disclosure information Accumulated benefit obligation $ 4,783 $ 4,645 Vested benefit obligation $ 4,783 $ 4,623 Discount rate used for net periodic pension cost 4.25 % 4.00 % Discount rate used for disclosure 4.00 % 4.25 % Expected return on plan assets 7.25 % 7.25 % Rate of compensation increase N/A N/A Average remaining service (years) 14 14
Fair Values of Pension Plan Assets, by Asset Category	Using the same fair value hierarchy described in Note 11, the fair values of the Company’s pension plan assets, by asset category, are as follows: (dollars in thousands) Total Level 1 Level 2 Level 3 December 31, 2016 Cash equivalents and short term investments $ — $ — $ — $ — Mutual funds – equities 3,969 3,969 — — Mutual funds – fixed income 3,925 3,925 — — Total assets at fair value $ 7,894 $ 7,894 $ — $ — Total Level 1 Level 2 Level 3 December 31, 2015 Cash equivalents and short term investments $ 1 $ 1 $ — $ — Mutual funds – equities 3,836 3,836 — — Mutual funds – fixed income 3,885 3,885 — — Total assets at fair value $ 7,722 $ 7,722 $ — $ —
Estimated Future Benefit Payments	Estimated Future Benefit Payments (dollars in thousands) Pension 2017 $ 18 2018 517 2019 45 2020 236 2021 112 2022 – 2026 2,356 $ 3,284
Pension Plan's Weighted-Average Asset Allocations, by Asset Category	The pension plan’s weighted-average asset allocations at December 31, 2016 and 2015, by asset category are as follows: 2016 2015 Mutual funds – fixed income 50 % 50 % Mutual funds – equity 50 % 50 % Cash and equivalents 0 % 0 % Total 100 % 100 %
Funded Status (Market Value of Plan Assets Divided by Funding Target) as of July 1	Funded Status (market value of plan assets divided by funding target) as of July 1, 2016 2015 Valuation Valuation Source Report Report Bank of Floyd Plan 109.78 % 114.47 %

Income Taxes (Tables)

Income Taxes (Tables)	12 Months Ended
	Dec. 31, 2016
Income Tax Disclosure [Abstract]
Components of Income Tax Expense (Benefit)	The components of income tax expense (benefit) (substantially all Federal) are as follows: (dollars in thousands) 2016 2015 Current $ 21 $ 8 Deferred 1,154 590 $ 1,175 $ 598
Reconciliation of Income Tax Expense Computed at Statutory Federal Income Tax Rate to Income Tax Expense (Benefit)	A reconciliation of income tax expense computed at the statutory federal income tax rate to income tax expense (benefit) included in the statements of income follows: (dollars in thousands) 2016 2015 Tax at statutory federal rate $ 1,222 $ 542 Tax exempt interest income (33 ) (11 ) Tax exempt insurance income (163 ) (98 ) State income tax, net of federal benefit 16 16 Merger expenses 205 160 Bargain purchase gain (303 ) — Merger-related NOL adjustment 225 1 Other 6 (11 ) $ 1,175 $ 598
Significant Components of Net Deferred Tax Assets	The significant components of net deferred tax assets (all Federal) at December 31, 2016 and 2015 are summarized as follows: (dollars in thousands) 2016 2015 Deferred tax assets Allowance for loan losses $ 652 $ 591 Acquired loan credit mark 1,710 — Deferred compensation 569 145 Investment impairment charge recorded directly to stockholders’ equity as a component of other comprehensive income 497 406 Minimum pension liability 402 313 Net operating loss carryforward 4,227 1,493 Alternative minimum tax credit carryforward 394 54 Net unrealized losses on securities available for sale 296 60 Nonaccrual interest income 358 454 Other 200 77 9,305 3,593 Deferred tax liabilities Deferred loan origination costs 288 218 Core deposit intangible 798 — Accrued pension costs 1,471 1,376 Depreciation 875 220 Accretion of discount on investment securities, net 1 2 3,433 1,816 Net deferred tax asset $ 5,872 $ 1,777

Commitments and Contingencies (

Commitments and Contingencies (Tables)	12 Months Ended
	Dec. 31, 2016
Commitments and Contingencies Disclosure [Abstract]
Summary of Bank's Commitments	A summary of the Bank’s commitments at December 31, 2016 and 2015 is as follows: (dollars in thousands) 2016 2015 Commitments to extend credit $ 54,667 $ 23,813 Standby letters of credit — — $ 54,667 $ 23,813

Regulatory Restrictions (Tables

Regulatory Restrictions (Tables)	12 Months Ended
	Dec. 31, 2016
Banking and Thrift [Abstract]
Schedule of actual and required regulatory capital amounts	At December 31, 2016 and 2015, the Bank had the following actual and required regulatory capital amounts (in thousands): Actual For Capital To Be Well- Amount Ratio Amount Ratio Amount Ratio December 31, 2016 Total capital (to risk weighted assets) Consolidated $ 55,957 13.24 % $ 33,798 8.00 % $ 42,248 10.00 % Bank 53,657 12.72 % 33,744 8.00 % 42,180 10.00 % Tier 1 Capital (to risk weighted assets) Consolidated $ 52,410 12.41 % $ 25,349 6.00 % $ 33,798 8.00 % Bank 50,111 11.88 % 25,308 6.00 % 33,744 8.00 % Common Equity Tier 1 (to risk weighted assets) Consolidated $ 52,410 12.41 % $ 19,012 4.50 % $ 27,461 6.50 % Bank 50,111 11.88 % 18,981 4.50 % 27,417 6.50 % Tier 1 Capital (to average total assets) Consolidated $ 52,410 9.41 % $ 22,274 4.00 % $ 27,842 5.00 % Bank 50,111 9.01 % 22,242 4.00 % 27,803 5.00 % December 31, 2015 Total capital (to risk weighted assets) Consolidated $ 33,153 12.85 % $ 20,647 8.00 % $ 25,809 10.00 % Bank 32,953 12.78 % 20,631 8.00 % 25,789 10.00 % Tier 1 Capital (to risk weighted assets) Consolidated $ 29,886 11.58 % $ 15,485 6.00 % $ 20,647 8.00 % Bank 29,686 11.51 % 15,473 6.00 % 20,631 8.00 % Common Equity Tier 1 (to risk weighted assets) Consolidated $ 29,886 11.58 % $ 11,614 4.50 % $ 16,776 6.50 % Bank 29,686 11.51 % 11,605 4.50 % 16,763 6.50 % Tier 1 Capital (to average total assets) Consolidated $ 29,886 8.97 % $ 13,334 4.00 % $ 16,666 5.00 % Bank 29,686 8.91 % 13,325 4.00 % 16,656 5.00 %

Transactions with Related Par42

Transactions with Related Parties (Tables)	12 Months Ended
	Dec. 31, 2016
Related Party Transactions [Abstract]
Loan Transactions with Related Parties	Aggregate 2016 and 2015 loan transactions with related parties were as follows: (dollars in thousands) 2016 2015 Balance, beginning $ 1,741 $ 2,671 New loans 841 803 Repayments (695 ) (1,644 ) Change in relationship 3,225 (89 ) Balance, ending $ 5,112 $ 1,741

Parent Company Financial Info43

Parent Company Financial Information (Tables)	12 Months Ended
	Dec. 31, 2016
Condensed Financial Information of Parent Company Only Disclosure [Abstract]
Balance Sheets	Balance Sheets December 31, 2016 and 2015 (dollars in thousands) 2016 2015 Assets Cash and due from banks $ 1,621 $ 29 Investment in affiliate bank 53,168 30,456 Other assets 677 256 Total assets $ 55,466 $ 30,741 Liabilities Other liabilities $ — $ 85 Stockholders’ equity Common stock — 2,149 Surplus 26,166 522 Retained earnings 30,654 28,709 Accumulated other comprehensive loss (1,354 ) (724 ) Total stockholders’ equity 55,466 30,656 Total liabilities and stockholders’ equity $ 55,466 $ 30,741
Statements of Income	Statements of Income For the years ended December 31, 2016 and 2015 (dollars in thousands) 2016 2015 Income Dividends from affiliate bank $ 573 $ 272 Bargain purchase gain 891 — Other income 7 1 1,471 273 Expenses Management and professional fees 56 148 Other expenses 27 24 83 172 Income before tax benefit and equity in undistributed income of affiliate 1,388 101 Federal income tax (expense) benefit (225 ) 58 Income before equity in undistributed income of affiliate 1,163 159 Equity in undistributed income of affiliate 1,255 838 Net income $ 2,418 $ 997
Statements of Cash Flow	Statements of Cash Flows For the years ended December 31, 2016 and 2015 (dollars in thousands) 2016 2015 Cash flows from operating activities Net income $ 2,418 $ 997 Adjustments to reconcile net income to net cash provided by operating activities: Equity in undistributed income of affiliate (1,255 ) (838 ) Bargain purchase gain (891 ) — Change in other assets 59 (69 ) Change in other liabilities (85 ) 85 Net cash provided by operating activities 246 175 Cash flows from investing activities Net decrease in loans 1,002 — Cash received in business combination 822 — Net cash provided by investing activities 1,824 — Cash flows from financing activities Cash paid for fractional shares (5 ) — Dividends paid (473 ) (172 ) Net cash used by financing activities (478 ) (172 ) Net increase in cash and cash equivalents 1,592 3 Cash and cash equivalents, beginning 29 26 Cash and cash equivalents, ending $ 1,621 $ 29

Organization - Additional Infor

Organization - Additional Information (Detail)	Jul. 01, 2016USD ($)	Dec. 31, 2016USD ($)
Business Acquisition [Line Items]
Date of incorporation		Nov. 2, 2015
Date of merger agreement entered		Nov. 6, 2015
Refinement period		1 year
Uncertain income tax position recognition criteria, minimum percentage of likelihood of being realized		50.00%
Purchased Performing Loans
Business Acquisition [Line Items]
Allowance for loan losses		$ 0
Grayson Bankshares, Inc.
Business Acquisition [Line Items]
Exchange ratio	1.76
Ownership percentage in newly issued shares	60.00%
Cardinal Bankshares Corporation
Business Acquisition [Line Items]
Exchange ratio	1.30
Ownership percentage in newly issued shares	40.00%
Allowance for loan losses	$ 0

Property and Equipment, Estimat

Property and Equipment, Estimated Useful Lives (Detail)	12 Months Ended
	Dec. 31, 2016
Minimum | Buildings and improvements
Property, Plant and Equipment [Line Items]
Property and equipment, estimated useful lives	10 years
Minimum | Furniture and equipment
Property, Plant and Equipment [Line Items]
Property and equipment, estimated useful lives	5 years
Maximum | Buildings and improvements
Property, Plant and Equipment [Line Items]
Property and equipment, estimated useful lives	40 years
Maximum | Furniture and equipment
Property, Plant and Equipment [Line Items]
Property and equipment, estimated useful lives	12 years

Accumulated Balances Related Co

Accumulated Balances Related Component of Other Comprehensive Income (Loss) (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning balance	$ 30,656	$ 29,968
Ending balance	55,466	30,656
Unrealized Gains And Losses On Available for Sale Securities
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning balance	(116)	(182)
Other comprehensive income (loss) before reclassifications	(218)	130
Amounts reclassified from accumulated other comprehensive income (loss)	(240)	(64)
Ending balance	(574)	(116)
Defined Benefit Pension Items
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning balance	(608)	(405)
Other comprehensive income (loss) before reclassifications	(172)	(203)
Ending balance	(780)	(608)
Accumulated Other Comprehensive Loss
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning balance	(724)	(587)
Other comprehensive income (loss) before reclassifications	(390)	(73)
Amounts reclassified from accumulated other comprehensive income (loss)	(240)	(64)
Ending balance	$ (1,354)	$ (724)

Business Combinations - Additio

Business Combinations - Additional Information (Detail) $ in Thousands	Jul. 01, 2016USD ($)	Dec. 31, 2016USD ($)	Dec. 31, 2016USD ($)	Dec. 31, 2015USD ($)
Business Acquisition [Line Items]
Bargain purchase gain			$ 891
Pre-tax merger-related costs			1,483	$ 498
Net interest income			15,834	10,477
Non interest income			4,570	2,511
As Reported by Acquiror
Business Acquisition [Line Items]
Pre-tax merger-related costs			$ 1,498	$ 498
Cardinal Bankshares Corporation
Business Acquisition [Line Items]
Exchange ratio	1.30
Bargain purchase gain	$ 891
Net interest income		$ 3,500
Non interest income		415
Net income		$ 133
Grayson Bankshares, Inc.
Business Acquisition [Line Items]
Exchange ratio	1.76

Business Combinations (Schedule

Business Combinations (Schedule of Assets Acquired and Liabilities Assumed, Fair Value Adjustments and Determination of Purchase Gain) (Detail) - USD ($) $ in Thousands		Jul. 01, 2016	Dec. 31, 2016
Liabilities
Total consideration paid			$ 23,500
Purchase gain			$ 891
Cardinal Bankshares Corporation
Assets
Cash and cash equivalents		$ 11,698
Investment securities		59,005
Restricted equity securities		1,308
Loans		157,852
Allowance for loan losses		0
Cash value of life insurance		6,714
Property and equipment		6,423
Intangible assets		2,469
Accrued interest receivable		539
Other assets		7,127
Total assets acquired		253,135
Liabilities
Deposits		219,273
Borrowings		8,000
Accrued interest payable		35
Other liabilities		1,436
Total liabilities acquired		228,744
Net assets acquired		24,391
Total consideration paid		23,500
Purchase gain		891
Cardinal Bankshares Corporation | As Reported by Acquiror
Assets
Cash and cash equivalents		11,698
Investment securities		59,327
Restricted equity securities		1,308
Loans		164,044
Allowance for loan losses		(2,123)
Cash value of life insurance		6,714
Property and equipment		5,384
Accrued interest receivable		539
Other assets		2,450
Total assets acquired		249,341
Liabilities
Deposits		218,671
Borrowings		8,000
Accrued interest payable		35
Other liabilities		1,289
Total liabilities acquired		227,995
Cardinal Bankshares Corporation | Fair Value Adjustments
Assets
Investment securities	[1]	(322)
Loans	[2]	(6,192)
Allowance for loan losses	[3]	2,123
Property and equipment	[4]	1,039
Intangible assets	[5]	2,469
Other assets	[6]	4,677
Total assets acquired		3,794
Liabilities
Deposits	[7]	602
Other liabilities	[8]	147
Total liabilities acquired		$ 749
[1]	Reflects the opening fair value of securities portfolio, which was established as the new book basis of the portfolio.
[2]	Reflects the fair value adjustment based on the Company's third party valuation report.
[3]	Existing allowance for loan losses eliminated to reflect accounting guidance.
[4]	Estimated adjustment to Cardinal's real property based upon third-party appraisals and the Company's evaluation of equipment and other fixed assets.
[5]	Reflects the recording of the estimated core deposit intangible based on the Company's third party valuation report.
[6]	Recording of deferred tax asset generated by the net fair value adjustments (tax rate = 34%). Also recognizes partial reversal of Cardinal's deferred tax asset valuation allowance.
[7]	Estimated fair value adjustment to time deposits based on the Company's third party evaluation report on deposits assumed.
[8]	Reflects the fair value adjustment based on the Company's evaluation of acquired other liabilities.

Business Combinations (Schedu49

Business Combinations (Schedule of Assets Acquired and Liabilities Assumed, Fair Value Adjustments and Determination of Purchase Gain) (Parenthetical) (Detail)	Jul. 01, 2016
Cardinal Bankshares Corporation
Business Acquisition [Line Items]
Tax rate	34.00%

Business Combinations (Schedu50

Business Combinations (Schedule of Assets and Liabilities) (Detail) - USD ($) $ in Thousands	Dec. 31, 2016	Jul. 01, 2016	Dec. 31, 2015	Dec. 31, 2014
Assets
Cash and cash equivalents	$ 35,908	$ 24,815	$ 8,055	$ 14,574
Investment securities	62,540	92,852	56,050
Restricted equity securities	1,149	2,279	972
Loans	411,968	402,652	241,216
Allowance for loan losses	(3,420)	(3,309)	(3,418)	(4,185)
Cash value of life insurance	16,850	16,836	9,978
Foreclosed assets	70	95	408
Property and equipment	17,970	17,971	11,756
Goodwill and other intangible assets	2,327	2,469
Accrued interest receivable	1,732	1,792	1,293
Other assets	5,890	12,171	3,673
Total assets	558,856	570,623	331,760
Liabilities
Deposits	499,387	493,538	279,876
Borrowings	0	18,000	20,000
Accrued interest payable	57	131	169
Other liabilities	3,946	2,582	1,059
Total liabilities	503,390	514,251	301,104
Shareholders' Equity	$ 55,466	56,372	$ 30,656	$ 29,968
Grayson Bankshares, Inc.
Assets
Cash and cash equivalents		13,117
Investment securities		33,847
Restricted equity securities		971
Loans		244,800
Allowance for loan losses		(3,309)
Cash value of life insurance		10,122
Foreclosed assets		95
Property and equipment		11,548
Accrued interest receivable		1,253
Other assets		5,044
Total assets		317,488
Liabilities
Deposits		274,265
Borrowings		10,000
Accrued interest payable		96
Other liabilities		1,146
Total liabilities		285,507
Shareholders' Equity		31,981
Cardinal Bankshares Corporation
Assets
Cash and cash equivalents		11,698
Investment securities		59,005
Restricted equity securities		1,308
Loans		157,852
Cash value of life insurance		6,714
Property and equipment		6,423
Goodwill and other intangible assets		2,469
Accrued interest receivable		539
Other assets		7,127
Total assets		253,135
Liabilities
Deposits		219,273
Borrowings		8,000
Accrued interest payable		35
Other liabilities		1,436
Total liabilities		228,744
Shareholders' Equity		$ 24,391

Business Combinations (Suppleme

Business Combinations (Supplemental Pro Forma Information) (Detail) - USD ($) $ / shares in Units, $ in Thousands		12 Months Ended
		Dec. 31, 2016	Dec. 31, 2015
Business Combinations [Abstract]
Net interest income		$ 18,448	$ 19,000
Net income	[1]	$ 2,295	$ 2,620
Basic and diluted weighted average shares outstanding	[2]	5,021,376	5,021,376
Basic and diluted earnings per common share		$ 0.46	$ 0.52
[1]	Supplemental pro forma net income includes the impact of certain fair value adjustments. Supplemental pro forma net income does not include assumptions on cost savings or the impact of merger-related expenses.
[2]	Weighted average shares outstanding includes the full effect of the common stock issued in connection with the Cardinal acquisition as of the earliest reporting date.

Restrictions on Cash - Addition

Restrictions on Cash - Additional Information (Detail) - USD ($) $ in Millions	Dec. 31, 2016	Dec. 31, 2015
Cash and Cash Equivalents [Abstract]
Daily average cash reserve requirement	$ 4.6	$ 2.5

Investment Securities (Amortize

Investment Securities (Amortized Cost and Aggregate Fair Value of Available for Sale Securities) (Detail) - USD ($) $ in Thousands	Dec. 31, 2016	Jul. 01, 2016	Dec. 31, 2015
Schedule of Available-for-sale Securities [Line Items]
Available for sale, amortized cost	$ 63,410		$ 56,225
Available for sale, unrealized gains	337		271
Available for sale, unrealized losses	(1,207)		(446)
Available for sale, fair value	62,540	$ 92,852	56,050
Government sponsored enterprises
Schedule of Available-for-sale Securities [Line Items]
Available for sale, amortized cost	2,046		15,327
Available for sale, unrealized gains	236		83
Available for sale, unrealized losses	(73)		(101)
Available for sale, fair value	2,209		15,309
Collateralized Mortgage Backed Securities
Schedule of Available-for-sale Securities [Line Items]
Available for sale, amortized cost	36,021		13,595
Available for sale, unrealized gains	4		11
Available for sale, unrealized losses	(823)		(93)
Available for sale, fair value	35,202		13,513
Corporate securities
Schedule of Available-for-sale Securities [Line Items]
Available for sale, amortized cost	3,061		3,104
Available for sale, unrealized losses	(87)		(130)
Available for sale, fair value	2,974		2,974
State and municipal securities
Schedule of Available-for-sale Securities [Line Items]
Available for sale, amortized cost	22,282		20,673
Available for sale, unrealized gains	97		176
Available for sale, unrealized losses	(224)		(104)
Available for sale, fair value	$ 22,155		20,745
U.S. Treasury securities
Schedule of Available-for-sale Securities [Line Items]
Available for sale, amortized cost			1,534
Available for sale, unrealized losses			(18)
Available for sale, fair value			1,516
U.S. Government agency securities
Schedule of Available-for-sale Securities [Line Items]
Available for sale, amortized cost			3
Available for sale, unrealized gains			1
Available for sale, fair value			4
Asset-backed securities
Schedule of Available-for-sale Securities [Line Items]
Available for sale, amortized cost			1,989
Available for sale, fair value			$ 1,989

Investment Securities - Additio

Investment Securities - Additional Information (Detail) - USD ($)	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Jul. 01, 2016
Investments, Debt and Equity Securities [Abstract]
Restricted equity securities	$ 1,149,000	$ 972,000	$ 2,279,000
Percentage of debt securities with unrealized losses depreciated	2.38%
Proceeds from sales of investment securities available for sale	$ 55,100,000	24,200,000
Securities transferred from held to maturity portfolios or other sales of held to maturity securities to available for sale	0	0
Investment securities, pledged as collateral on public deposits and for other purposes	$ 11,200,000	$ 22,300,000

Investment Securities (Unrealiz

Investment Securities (Unrealized Losses and Related Fair Values in Company's Held to Maturity and Available for Sale Investment Securities Portfolios) (Detail) - USD ($) $ in Thousands	Dec. 31, 2016	Dec. 31, 2015
Schedule of Available-for-sale Securities [Line Items]
Less than 12 months, fair value	$ 45,515	$ 20,255
Less than 12 months, unrealized losses	(1,025)	(284)
12 months or more, fair value	4,037	6,722
12 months or more, unrealized losses	(182)	(162)
Total, fair value	49,552	26,977
Total, unrealized losses	(1,207)	(446)
Government sponsored enterprises
Schedule of Available-for-sale Securities [Line Items]
Less than 12 months, fair value		897
Less than 12 months, unrealized losses		(16)
12 months or more, fair value	1,924	3,910
12 months or more, unrealized losses	(73)	(85)
Total, fair value	1,924	4,807
Total, unrealized losses	(73)	(101)
Collateralized Mortgage Backed Securities
Schedule of Available-for-sale Securities [Line Items]
Less than 12 months, fair value	31,759	9,357
Less than 12 months, unrealized losses	(789)	(68)
12 months or more, fair value	688	782
12 months or more, unrealized losses	(34)	(25)
Total, fair value	32,447	10,139
Total, unrealized losses	(823)	(93)
Corporate securities
Schedule of Available-for-sale Securities [Line Items]
Less than 12 months, fair value	1,548	2,974
Less than 12 months, unrealized losses	(12)	(130)
12 months or more, fair value	1,425
12 months or more, unrealized losses	(75)
Total, fair value	2,973	2,974
Total, unrealized losses	(87)	(130)
State and municipal securities
Schedule of Available-for-sale Securities [Line Items]
Less than 12 months, fair value	12,208	5,512
Less than 12 months, unrealized losses	(224)	(52)
12 months or more, fair value		2,030
12 months or more, unrealized losses		(52)
Total, fair value	12,208	7,542
Total, unrealized losses	$ (224)	(104)
U.S. Treasury securities
Schedule of Available-for-sale Securities [Line Items]
Less than 12 months, fair value		1,515
Less than 12 months, unrealized losses		(18)
Total, fair value		1,515
Total, unrealized losses		$ (18)

Investment Securities (Gross Re

Investment Securities (Gross Realized Gains and Losses on Sale of Investment Securities) (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015
Investments, Debt and Equity Securities [Abstract]
Realized gains	$ 369	$ 213
Realized losses	(5)	(116)
Net realized gains on securities	$ 364	$ 97

Investment Securities (Schedule

Investment Securities (Scheduled Maturities of Securities Available for Sale) (Detail) $ in Thousands	Dec. 31, 2016USD ($)
Available for sale securities, amortized cost
Due in one year or less, amortized cost	$ 0
Due after one year through five years, amortized cost	9,535
Due after five years through ten years, amortized cost	25,312
Due after ten years, amortized cost	28,563
Available for sale securities, amortized cost	63,410
Available for sale securities, fair value
Due in one year or less, fair value	0
Due after one year through five years, fair value	9,445
Due after five years through ten years, fair value	24,824
Due after ten years, fair value	28,271
Available for sale securities, fair value	$ 62,540

Major Components of Loans in Co

Major Components of Loans in Consolidated Balance Sheets (Detail) - USD ($) $ in Thousands	Dec. 31, 2016	Jul. 01, 2016	Dec. 31, 2015	Dec. 31, 2014
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total of outstanding loans	$ 411,968	$ 402,652	$ 241,216
Allowance for loan losses	(3,420)	$ (3,309)	(3,418)	$ (4,185)
Loans, net of allowance for loan losses	408,548		237,798
Commercial & agricultural
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total of outstanding loans	26,086		12,782
Allowance for loan losses	(210)		(136)	(154)
Commercial mortgage
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total of outstanding loans	128,515		52,463
Allowance for loan losses	(600)		(578)	(728)
Construction & Development
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total of outstanding loans	26,464		14,493
Allowance for loan losses	(319)		(344)	(591)
Farmland
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total of outstanding loans	33,531		31,512
Allowance for loan losses	(342)		(435)	(613)
Residential
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total of outstanding loans	187,188		124,984
Allowance for loan losses	(1,841)		(1,887)	(2,047)
Consumer & Other
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total of outstanding loans	10,184		4,982
Allowance for loan losses	$ (108)		$ (38)	$ (52)

Loans Receivable (Major Compone

Loans Receivable (Major Components of Loans, Net of Fair Value Adjustments, Acquired From Business Acquisition) (Detail) - Cardinal Bankshares Corporation $ in Thousands	Jul. 01, 2016USD ($)
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans acquired	$ 157,852
Commercial & agricultural
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans acquired	15,897
Commercial mortgage
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans acquired	76,968
Construction & Development
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans acquired	7,800
Farmland
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans acquired	4,146
Residential
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans acquired	49,609
Consumer & Other
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans acquired	$ 3,432

Loans Receivable - Additional I

Loans Receivable - Additional Information (Detail)		12 Months Ended
		Dec. 31, 2015USD ($)	Dec. 31, 2014USD ($)Loan	Dec. 31, 2016USD ($)	Jul. 01, 2016USD ($)
Accounts, Notes, Loans and Financing Receivable [Line Items]
Investment in impaired loans	[1]	$ 11,239,000		$ 13,320,000
Number of loans held for sale | Loan			1
Loans held for sale			$ 100,000
Proceeds from the sale of loans		$ 100,000
Cardinal Bankshares Corporation | Purchased Credit Impaired loans
Accounts, Notes, Loans and Financing Receivable [Line Items]
Investment in impaired loans					$ 0
[1]	Recorded investment is the loan balance, net of any charge-offs

Allowance for Loan Losses and61

Allowance for Loan Losses and Impaired Loans (Allowance for Loan Losses and Recorded Investment in Loans) (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Jul. 01, 2016
Allowance for loan losses:
Allowance for loan losses, beginning balance	$ 3,418	$ 4,185
Charge-offs	(214)	(686)
Recoveries	221	106
Provision	(5)	(187)
Allowance for loan losses, ending balance	3,420	3,418
Allowance for loan losses, ending balance: individually evaluated for impairment	241	274
Allowance for loan losses, ending balance: collectively evaluated for impairment	3,179	3,144
Loans outstanding, ending balance	411,968	241,216	$ 402,652
Loans outstanding, ending balance: individually evaluated for impairment	7,257	5,076
Loans outstanding, ending balance: collectively evaluated for impairment	404,711	236,140
Commercial & agricultural
Allowance for loan losses:
Allowance for loan losses, beginning balance	136	154
Charge-offs	(19)
Recoveries	8	10
Provision	85	(28)
Allowance for loan losses, ending balance	210	136
Allowance for loan losses, ending balance: collectively evaluated for impairment	210	136
Loans outstanding, ending balance	26,086	12,782
Loans outstanding, ending balance: collectively evaluated for impairment	26,086	12,782
Commercial mortgage
Allowance for loan losses:
Allowance for loan losses, beginning balance	578	728
Charge-offs	(21)	(4)
Provision	43	(146)
Allowance for loan losses, ending balance	600	578
Allowance for loan losses, ending balance: collectively evaluated for impairment	600	578
Loans outstanding, ending balance	128,515	52,463
Loans outstanding, ending balance: individually evaluated for impairment	114
Loans outstanding, ending balance: collectively evaluated for impairment	128,401	52,463
Construction & Development
Allowance for loan losses:
Allowance for loan losses, beginning balance	344	591
Charge-offs	(20)	(186)
Recoveries	98	16
Provision	(103)	(77)
Allowance for loan losses, ending balance	319	344
Allowance for loan losses, ending balance: collectively evaluated for impairment	319	344
Loans outstanding, ending balance	26,464	14,493
Loans outstanding, ending balance: individually evaluated for impairment	580	878
Loans outstanding, ending balance: collectively evaluated for impairment	25,884	13,615
Farmland
Allowance for loan losses:
Allowance for loan losses, beginning balance	435	613
Recoveries	59
Provision	(152)	(178)
Allowance for loan losses, ending balance	342	435
Allowance for loan losses, ending balance: individually evaluated for impairment	57	69
Allowance for loan losses, ending balance: collectively evaluated for impairment	285	366
Loans outstanding, ending balance	33,531	31,512
Loans outstanding, ending balance: individually evaluated for impairment	5,030	2,288
Loans outstanding, ending balance: collectively evaluated for impairment	28,501	29,224
Residential
Allowance for loan losses:
Allowance for loan losses, beginning balance	1,887	2,047
Charge-offs	(84)	(466)
Recoveries	22	23
Provision	16	283
Allowance for loan losses, ending balance	1,841	1,887
Allowance for loan losses, ending balance: individually evaluated for impairment	184	205
Allowance for loan losses, ending balance: collectively evaluated for impairment	1,657	1,682
Loans outstanding, ending balance	187,188	124,984
Loans outstanding, ending balance: individually evaluated for impairment	1,533	1,910
Loans outstanding, ending balance: collectively evaluated for impairment	185,655	123,074
Consumer & Other
Allowance for loan losses:
Allowance for loan losses, beginning balance	38	52
Charge-offs	(70)	(30)
Recoveries	34	57
Provision	106	(41)
Allowance for loan losses, ending balance	108	38
Allowance for loan losses, ending balance: collectively evaluated for impairment	108	38
Loans outstanding, ending balance	10,184	4,982
Loans outstanding, ending balance: collectively evaluated for impairment	$ 10,184	$ 4,982

Allowance for Loan Losses and62

Allowance for Loan Losses and Impaired Loans - Additional Information (Detail)		12 Months Ended
		Dec. 31, 2016USD ($)Loan	Dec. 31, 2015USD ($)Loan	Jul. 01, 2016USD ($)
Financing Receivable, Allowance for Credit Losses [Line Items]
Total of outstanding loans		$ 411,968,000	$ 241,216,000	$ 402,652,000
Investment in impaired loans	[1]	13,320,000	11,239,000
Investment in impaired loans, with no related allowance	[1]	4,355,000	2,112,000
Troubled debt restructured loans		6,100,000	6,200,000
Troubled debt restructured loans, related allowance		$ 315,000	$ 317,000
Loans modified that considered to be TDRs | Loan		7	5
Unallocated Financing Receivables
Financing Receivable, Allowance for Credit Losses [Line Items]
Provision for loan losses		$ 0	$ 0
Collateral Pledged
Financing Receivable, Allowance for Credit Losses [Line Items]
Investment in impaired loans		4,000,000	1,100,000
Doubtful
Financing Receivable, Allowance for Credit Losses [Line Items]
Total of outstanding loans		0	0
Loss
Financing Receivable, Allowance for Credit Losses [Line Items]
Total of outstanding loans		0	0
Maximum
Financing Receivable, Allowance for Credit Losses [Line Items]
Troubled debt restructured loans			250,000
Impaired Loans
Financing Receivable, Allowance for Credit Losses [Line Items]
Troubled debt restructured loans		$ 10,000,000	$ 10,700,000
Term Concessions Granted Loans
Financing Receivable, Allowance for Credit Losses [Line Items]
Number of loans | Loan		7
Additional Funds Advanced Loans
Financing Receivable, Allowance for Credit Losses [Line Items]
Number of loans | Loan		2
Interest Concessions Granted Loans
Financing Receivable, Allowance for Credit Losses [Line Items]
Number of loans | Loan			2
Rate and Term Concessions Granted Loans
Financing Receivable, Allowance for Credit Losses [Line Items]
Number of loans | Loan			3
[1]	Recorded investment is the loan balance, net of any charge-offs

Allowance for Loan Losses and63

Allowance for Loan Losses and Impaired Loans (Credit Risk Profile by Internally Assigned Grades) (Detail) - USD ($) $ in Thousands	Dec. 31, 2016	Jul. 01, 2016	Dec. 31, 2015
Financing Receivable, Recorded Investment [Line Items]
Total of outstanding loans	$ 411,968	$ 402,652	$ 241,216
Farmland
Financing Receivable, Recorded Investment [Line Items]
Total of outstanding loans	33,531		31,512
Commercial mortgage
Financing Receivable, Recorded Investment [Line Items]
Total of outstanding loans	128,515		52,463
Commercial & agricultural
Financing Receivable, Recorded Investment [Line Items]
Total of outstanding loans	26,086		12,782
Real Estate Secured | 1-4 residential construction
Financing Receivable, Recorded Investment [Line Items]
Total of outstanding loans	4,426		3,268
Real Estate Secured | Commercial Construction
Financing Receivable, Recorded Investment [Line Items]
Total of outstanding loans	2,603
Real Estate Secured | Land development & other land
Financing Receivable, Recorded Investment [Line Items]
Total of outstanding loans	19,435		11,225
Real Estate Secured | Farmland
Financing Receivable, Recorded Investment [Line Items]
Total of outstanding loans	33,531		31,512
Real Estate Secured | 1-4 residential mortgage
Financing Receivable, Recorded Investment [Line Items]
Total of outstanding loans	135,929		97,880
Real Estate Secured | Multifamily
Financing Receivable, Recorded Investment [Line Items]
Total of outstanding loans	26,686		12,202
Real Estate Secured | Home equity and second mortgage
Financing Receivable, Recorded Investment [Line Items]
Total of outstanding loans	24,573		14,902
Real Estate Secured | Commercial mortgage
Financing Receivable, Recorded Investment [Line Items]
Total of outstanding loans	128,515		52,463
Non-Real Estate Secured | Commercial & agricultural
Financing Receivable, Recorded Investment [Line Items]
Total of outstanding loans	26,086		12,782
Non-Real Estate Secured | Civic organizations
Financing Receivable, Recorded Investment [Line Items]
Total of outstanding loans	3,603		107
Non-Real Estate Secured | Consumer-auto
Financing Receivable, Recorded Investment [Line Items]
Total of outstanding loans	1,421		1,003
Non-Real Estate Secured | Consumer-other
Financing Receivable, Recorded Investment [Line Items]
Total of outstanding loans	5,160		3,872
Pass
Financing Receivable, Recorded Investment [Line Items]
Total of outstanding loans	356,799		211,452
Pass | Real Estate Secured | 1-4 residential construction
Financing Receivable, Recorded Investment [Line Items]
Total of outstanding loans	4,056		3,268
Pass | Real Estate Secured | Commercial Construction
Financing Receivable, Recorded Investment [Line Items]
Total of outstanding loans	2,603
Pass | Real Estate Secured | Land development & other land
Financing Receivable, Recorded Investment [Line Items]
Total of outstanding loans	18,000		9,555
Pass | Real Estate Secured | Farmland
Financing Receivable, Recorded Investment [Line Items]
Total of outstanding loans	23,201		23,909
Pass | Real Estate Secured | 1-4 residential mortgage
Financing Receivable, Recorded Investment [Line Items]
Total of outstanding loans	122,301		86,360
Pass | Real Estate Secured | Multifamily
Financing Receivable, Recorded Investment [Line Items]
Total of outstanding loans	25,365		11,991
Pass | Real Estate Secured | Home equity and second mortgage
Financing Receivable, Recorded Investment [Line Items]
Total of outstanding loans	23,219		13,425
Pass | Real Estate Secured | Commercial mortgage
Financing Receivable, Recorded Investment [Line Items]
Total of outstanding loans	105,317		46,084
Pass | Non-Real Estate Secured | Commercial & agricultural
Financing Receivable, Recorded Investment [Line Items]
Total of outstanding loans	22,719		12,000
Pass | Non-Real Estate Secured | Civic organizations
Financing Receivable, Recorded Investment [Line Items]
Total of outstanding loans	3,603		107
Pass | Non-Real Estate Secured | Consumer-auto
Financing Receivable, Recorded Investment [Line Items]
Total of outstanding loans	1,400		957
Pass | Non-Real Estate Secured | Consumer-other
Financing Receivable, Recorded Investment [Line Items]
Total of outstanding loans	5,015		3,796
Watch
Financing Receivable, Recorded Investment [Line Items]
Total of outstanding loans	36,167		24,435
Watch | Real Estate Secured | 1-4 residential construction
Financing Receivable, Recorded Investment [Line Items]
Total of outstanding loans	370
Watch | Real Estate Secured | Land development & other land
Financing Receivable, Recorded Investment [Line Items]
Total of outstanding loans	532		418
Watch | Real Estate Secured | Farmland
Financing Receivable, Recorded Investment [Line Items]
Total of outstanding loans	5,276		5,731
Watch | Real Estate Secured | 1-4 residential mortgage
Financing Receivable, Recorded Investment [Line Items]
Total of outstanding loans	11,517		9,887
Watch | Real Estate Secured | Multifamily
Financing Receivable, Recorded Investment [Line Items]
Total of outstanding loans	1,321		211
Watch | Real Estate Secured | Home equity and second mortgage
Financing Receivable, Recorded Investment [Line Items]
Total of outstanding loans	1,243		1,266
Watch | Real Estate Secured | Commercial mortgage
Financing Receivable, Recorded Investment [Line Items]
Total of outstanding loans	13,449		6,018
Watch | Non-Real Estate Secured | Commercial & agricultural
Financing Receivable, Recorded Investment [Line Items]
Total of outstanding loans	2,333		782
Watch | Non-Real Estate Secured | Consumer-auto
Financing Receivable, Recorded Investment [Line Items]
Total of outstanding loans	21		46
Watch | Non-Real Estate Secured | Consumer-other
Financing Receivable, Recorded Investment [Line Items]
Total of outstanding loans	105		76
Special Mention
Financing Receivable, Recorded Investment [Line Items]
Total of outstanding loans	3,838		235
Special Mention | Real Estate Secured | 1-4 residential mortgage
Financing Receivable, Recorded Investment [Line Items]
Total of outstanding loans			29
Special Mention | Real Estate Secured | Commercial mortgage
Financing Receivable, Recorded Investment [Line Items]
Total of outstanding loans	3,353		206
Special Mention | Non-Real Estate Secured | Commercial & agricultural
Financing Receivable, Recorded Investment [Line Items]
Total of outstanding loans	485
Substandard
Financing Receivable, Recorded Investment [Line Items]
Total of outstanding loans	15,164		5,094
Substandard | Real Estate Secured | Land development & other land
Financing Receivable, Recorded Investment [Line Items]
Total of outstanding loans	903		1,252
Substandard | Real Estate Secured | Farmland
Financing Receivable, Recorded Investment [Line Items]
Total of outstanding loans	5,054		1,872
Substandard | Real Estate Secured | 1-4 residential mortgage
Financing Receivable, Recorded Investment [Line Items]
Total of outstanding loans	2,111		1,604
Substandard | Real Estate Secured | Home equity and second mortgage
Financing Receivable, Recorded Investment [Line Items]
Total of outstanding loans	111		211
Substandard | Real Estate Secured | Commercial mortgage
Financing Receivable, Recorded Investment [Line Items]
Total of outstanding loans	6,396		$ 155
Substandard | Non-Real Estate Secured | Commercial & agricultural
Financing Receivable, Recorded Investment [Line Items]
Total of outstanding loans	549
Substandard | Non-Real Estate Secured | Consumer-other
Financing Receivable, Recorded Investment [Line Items]
Total of outstanding loans	$ 40

Allowance for Loan Losses and64

Allowance for Loan Losses and Impaired Loans (Analysis of Past Due and Nonaccrual Loans) (Detail) - USD ($) $ in Thousands	Dec. 31, 2016	Jul. 01, 2016	Dec. 31, 2015
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total past due	$ 1,994		$ 2,440
Current	409,974		238,776
Total loans	411,968	$ 402,652	241,216
90+ Days Past Due and Still Accruing	0		0
Nonaccrual Loans	4,664		1,589
Farmland
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total loans	33,531		31,512
Commercial mortgage
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total loans	128,515		52,463
Commercial & agricultural
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total loans	26,086		12,782
Real Estate Secured | 1-4 residential construction
Financing Receivable, Recorded Investment, Past Due [Line Items]
Current	4,426		3,268
Total loans	4,426		3,268
90+ Days Past Due and Still Accruing	0		0
Real Estate Secured | Commercial Construction
Financing Receivable, Recorded Investment, Past Due [Line Items]
Current	2,603
Total loans	2,603
90+ Days Past Due and Still Accruing	0		0
Real Estate Secured | Land development & other land
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total past due	390		573
Current	19,045		10,652
Total loans	19,435		11,225
90+ Days Past Due and Still Accruing	0		0
Nonaccrual Loans	647		306
Real Estate Secured | Farmland
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total past due	343		572
Current	33,188		30,940
Total loans	33,531		31,512
90+ Days Past Due and Still Accruing	0		0
Nonaccrual Loans	3,310		529
Real Estate Secured | 1-4 residential mortgage
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total past due	377		696
Current	135,552		97,184
Total loans	135,929		97,880
90+ Days Past Due and Still Accruing	0		0
Nonaccrual Loans	26		409
Real Estate Secured | Multifamily
Financing Receivable, Recorded Investment, Past Due [Line Items]
Current	26,686		12,202
Total loans	26,686		12,202
90+ Days Past Due and Still Accruing	0		0
Real Estate Secured | Home equity and second mortgage
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total past due	103		203
Current	24,470		14,699
Total loans	24,573		14,902
90+ Days Past Due and Still Accruing	0		0
Nonaccrual Loans	5		211
Real Estate Secured | Commercial mortgage
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total past due	678		384
Current	127,837		52,079
Total loans	128,515		52,463
90+ Days Past Due and Still Accruing	0		0
Nonaccrual Loans	640		134
Non-Real Estate Secured | Commercial & agricultural
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total past due	92		12
Current	25,994		12,770
Total loans	26,086		12,782
90+ Days Past Due and Still Accruing	0		0
Nonaccrual Loans	31
Non-Real Estate Secured | Civic organizations
Financing Receivable, Recorded Investment, Past Due [Line Items]
Current	3,603		107
Total loans	3,603		107
90+ Days Past Due and Still Accruing	0		0
Non-Real Estate Secured | Consumer-auto
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total past due	5
Current	1,416		1,003
Total loans	1,421		1,003
90+ Days Past Due and Still Accruing	0		0
Non-Real Estate Secured | Consumer-other
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total past due	6
Current	5,154		3,872
Total loans	5,160		3,872
90+ Days Past Due and Still Accruing	0		0
Nonaccrual Loans	5
30 to 59 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total past due	853		612
30 to 59 Days Past Due | Real Estate Secured | Farmland
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total past due	343
30 to 59 Days Past Due | Real Estate Secured | 1-4 residential mortgage
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total past due	315		466
30 to 59 Days Past Due | Real Estate Secured | Home equity and second mortgage
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total past due	98
30 to 59 Days Past Due | Real Estate Secured | Commercial mortgage
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total past due	25		134
30 to 59 Days Past Due | Non-Real Estate Secured | Commercial & agricultural
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total past due	67		12
30 to 59 Days Past Due | Non-Real Estate Secured | Consumer-auto
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total past due	5
60 to 89 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total past due	281		799
60 to 89 Days Past Due | Real Estate Secured | Land development & other land
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total past due			573
60 to 89 Days Past Due | Real Estate Secured | Farmland
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total past due			43
60 to 89 Days Past Due | Real Estate Secured | 1-4 residential mortgage
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total past due	48		26
60 to 89 Days Past Due | Real Estate Secured | Commercial mortgage
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total past due	227		157
60 to 89 Days Past Due | Non-Real Estate Secured | Consumer-other
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total past due	6
90 Days or More Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total past due	860		1,029
90 Days or More Past Due | Real Estate Secured | Land development & other land
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total past due	390
90 Days or More Past Due | Real Estate Secured | Farmland
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total past due			529
90 Days or More Past Due | Real Estate Secured | 1-4 residential mortgage
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total past due	14		204
90 Days or More Past Due | Real Estate Secured | Home equity and second mortgage
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total past due	5		203
90 Days or More Past Due | Real Estate Secured | Commercial mortgage
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total past due	426		$ 93
90 Days or More Past Due | Non-Real Estate Secured | Commercial & agricultural
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total past due	$ 25

Allowance for Loan Losses and65

Allowance for Loan Losses and Impaired Loans (Impaired Loans) (Detail) - USD ($) $ in Thousands		12 Months Ended
		Dec. 31, 2016	Dec. 31, 2015
Financing Receivable, Impaired [Line Items]
Recorded investment, with no related allowance	[1]	$ 4,355	$ 2,112
Unpaid principal balance, with no related allowance		4,355	2,322
Average recorded investment, with no related allowance		5,472	2,829
Interest income recognized, with no related allowance		50	43
Recorded investment, with allowance	[1]	8,965	9,127
Unpaid principal balance, with allowance		9,263	9,783
Related allowance		556	591
Average recorded investment, with allowance		9,735	10,825
Interest income recognized, with allowance		451	444
Recorded investment, totals	[1]	13,320	11,239
Unpaid principal balance, totals		13,618	12,105
Related allowance, totals		556	591
Average recorded investment, totals		15,207	13,654
Interest income recognized, totals		501	487
Land development & other land
Financing Receivable, Impaired [Line Items]
Recorded investment, with no related allowance	[1]	581	879
Unpaid principal balance, with no related allowance		581	879
Average recorded investment, with no related allowance		840	913
Interest income recognized, with no related allowance		17	22
Recorded investment, with allowance	[1]	193	208
Unpaid principal balance, with allowance		193	287
Related allowance		10	11
Average recorded investment, with allowance		201	587
Interest income recognized, with allowance		16	19
Recorded investment, totals	[1]	774	1,087
Unpaid principal balance, totals		774	1,166
Related allowance, totals		10	11
Average recorded investment, totals		1,041	1,500
Interest income recognized, totals		33	41
Farmland
Financing Receivable, Impaired [Line Items]
Recorded investment, with no related allowance	[1]	3,660	890
Unpaid principal balance, with no related allowance		3,660	1,100
Average recorded investment, with no related allowance		4,170	1,549
Interest income recognized, with no related allowance		18	5
Recorded investment, with allowance	[1]	1,679	1,574
Unpaid principal balance, with allowance		1,679	1,574
Related allowance		73	78
Average recorded investment, with allowance		1,705	1,841
Interest income recognized, with allowance		84	85
Recorded investment, totals	[1]	5,339	2,464
Unpaid principal balance, totals		5,339	2,674
Related allowance, totals		73	78
Average recorded investment, totals		5,875	3,390
Interest income recognized, totals		102	90
1-4 residential mortgage
Financing Receivable, Impaired [Line Items]
Recorded investment, with no related allowance	[1]		343
Unpaid principal balance, with no related allowance			343
Average recorded investment, with no related allowance		347	348
Interest income recognized, with no related allowance		10	16
Recorded investment, with allowance	[1]	5,964	5,797
Unpaid principal balance, with allowance		6,121	6,239
Related allowance		414	423
Average recorded investment, with allowance		6,375	6,667
Interest income recognized, with allowance		294	272
Recorded investment, totals	[1]	5,964	6,140
Unpaid principal balance, totals		6,121	6,582
Related allowance, totals		414	423
Average recorded investment, totals		6,722	7,015
Interest income recognized, totals		304	288
Home equity and second mortgage
Financing Receivable, Impaired [Line Items]
Recorded investment, with allowance	[1]	174	261
Unpaid principal balance, with allowance		179	261
Related allowance		9	13
Average recorded investment, with allowance		254	322
Interest income recognized, with allowance		8	8
Recorded investment, totals	[1]	174	261
Unpaid principal balance, totals		179	261
Related allowance, totals		9	13
Average recorded investment, totals		254	322
Interest income recognized, totals		8	8
Commercial mortgage
Financing Receivable, Impaired [Line Items]
Recorded investment, with no related allowance	[1]	114
Unpaid principal balance, with no related allowance		114
Average recorded investment, with no related allowance		115
Interest income recognized, with no related allowance		4
Recorded investment, with allowance	[1]	838	1,094
Unpaid principal balance, with allowance		974	1,229
Related allowance		44	56
Average recorded investment, with allowance		1,035	1,173
Interest income recognized, with allowance		39	48
Recorded investment, totals	[1]	952	1,094
Unpaid principal balance, totals		1,088	1,229
Related allowance, totals		44	56
Average recorded investment, totals		1,150	1,173
Interest income recognized, totals		43	48
Commercial & agricultural
Financing Receivable, Impaired [Line Items]
Average recorded investment, with no related allowance			19
Recorded investment, with allowance	[1]	113	174
Unpaid principal balance, with allowance		113	174
Related allowance		6	9
Average recorded investment, with allowance		155	198
Interest income recognized, with allowance		9	10
Recorded investment, totals	[1]	113	174
Unpaid principal balance, totals		113	174
Related allowance, totals		6	9
Average recorded investment, totals		155	217
Interest income recognized, totals		9	10
Consumer & Other
Financing Receivable, Impaired [Line Items]
Interest income recognized, with no related allowance		1
Recorded investment, with allowance	[1]	4	19
Unpaid principal balance, with allowance		4	19
Related allowance			1
Average recorded investment, with allowance		10	37
Interest income recognized, with allowance		1	2
Recorded investment, totals	[1]	4	19
Unpaid principal balance, totals		4	19
Related allowance, totals			1
Average recorded investment, totals		10	37
Interest income recognized, totals		$ 2	$ 2
[1]	Recorded investment is the loan balance, net of any charge-offs

Allowance for Loan Losses and66

Allowance for Loan Losses and Impaired Loans (Troubled Debt Restructurings) (Detail) $ in Thousands		12 Months Ended
		Dec. 31, 2016USD ($)Loan	Dec. 31, 2015USD ($)Loan
Financing Receivable, Modifications [Line Items]
TDRs identified during the period, number of contracts | Loan		7	5
TDRs identified during the period, pre-modification outstanding recorded investment		$ 709	$ 392
TDRs identified during the period, post-modification outstanding recorded investment		$ 738	$ 391
TDRs identified in last twelve months that subsequently defaulted, number of contracts | Loan	[1]	2
TDRs identified in last twelve months that subsequently defaulted, pre-modification outstanding recorded investment	[1]	$ 144
TDRs identified in last twelve months that subsequently defaulted, post-modification outstanding recorded investment	[1]	$ 150
Farmland
Financing Receivable, Modifications [Line Items]
TDRs identified during the period, number of contracts | Loan		2
TDRs identified during the period, pre-modification outstanding recorded investment		$ 144
TDRs identified during the period, post-modification outstanding recorded investment		$ 150
TDRs identified in last twelve months that subsequently defaulted, number of contracts | Loan	[1]	2
TDRs identified in last twelve months that subsequently defaulted, pre-modification outstanding recorded investment	[1]	$ 144
TDRs identified in last twelve months that subsequently defaulted, post-modification outstanding recorded investment	[1]	$ 150
1-4 residential mortgage
Financing Receivable, Modifications [Line Items]
TDRs identified during the period, number of contracts | Loan		5	4
TDRs identified during the period, pre-modification outstanding recorded investment		$ 565	$ 392
TDRs identified during the period, post-modification outstanding recorded investment		$ 588	$ 388
Consumer & Other
Financing Receivable, Modifications [Line Items]
TDRs identified during the period, number of contracts | Loan			1
TDRs identified during the period, post-modification outstanding recorded investment			$ 3
[1]	Loans past due 30 days or more are considered to be in default.

Allowance for Loan Losses and67

Allowance for Loan Losses and Impaired Loans (Troubled Debt Restructurings) (Parenthetical) (Detail)	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015
Receivables [Abstract]
TDRs identified in last twelve months that subsequently defaulted, period to consider the loan to be default	30 days	30 days

Property and Equipment (Compone

Property and Equipment (Components of Property and Equipment and Total Accumulated Depreciation) (Detail) - USD ($) $ in Thousands	Dec. 31, 2016	Jul. 01, 2016	Dec. 31, 2015
Property, Plant and Equipment [Line Items]
Property and equipment, gross	$ 28,447		$ 21,350
Less accumulated depreciation	(10,477)		(9,594)
Property and equipment, net	17,970	$ 17,971	11,756
Land
Property, Plant and Equipment [Line Items]
Property and equipment, gross	4,145		2,925
Buildings and improvements
Property, Plant and Equipment [Line Items]
Property and equipment, gross	14,668		10,999
Furniture and equipment
Property, Plant and Equipment [Line Items]
Property and equipment, gross	$ 9,634		$ 7,426

Property and Equipment - Additi

Property and Equipment - Additional Information (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015
Property, Plant and Equipment [Abstract]
Depreciation expense	$ 883	$ 604

Cash Value of Life Insurance -

Cash Value of Life Insurance - Additional Information (Detail) - USD ($) $ in Thousands	Dec. 31, 2016	Jul. 01, 2016	Dec. 31, 2015
Policyholders Account In Life Insurance Business [Abstract]
Cash value of life insurance	$ 16,850	$ 16,836	$ 9,978

Deposits - Additional Informati

Deposits - Additional Information (Detail) - USD ($) $ in Millions	Dec. 31, 2016	Dec. 31, 2015
Banking and Thrift [Abstract]
Time deposits in denominations of more than $250,000	$ 12.5	$ 4.9

Deposits (Scheduled Maturities

Deposits (Scheduled Maturities of Time Deposits) (Detail) - USD ($) $ in Thousands	Dec. 31, 2016	Dec. 31, 2015
Scheduled Maturities of Time Deposits
2,017	$ 78,195
2,018	27,601
2,019	18,263
2,020	19,301
2,021	23,995
Total	$ 167,355	$ 96,373

Short-Term Debt - Additional In

Short-Term Debt - Additional Information (Detail) - USD ($)	Dec. 31, 2016	Dec. 31, 2015
Short-term Debt [Line Items]
Debt classified as short-term	$ 0	$ 0
Unsecured lines of credit
Short-term Debt [Line Items]
Lines of credit, established amount	22,500,000
Unsecured lines of credit | Federal Home Loan Bank [Member]
Short-term Debt [Line Items]
Lines of credit, maximum borrowing ability	$ 139,600,000

Long-Term Debt - Additional Inf

Long-Term Debt - Additional Information (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Jul. 01, 2016
Debt Instrument [Line Items]
Long-term debt outstanding	$ 0	$ 20,000	$ 18,000
Penalty incurred on prepayment of the borrowing	434
Deutsche Bank
Debt Instrument [Line Items]
Long-term borrowings, borrowed amount		$ 10,000
Long-term borrowings, maturity date		Feb. 10, 2017
Long-term borrowings, fixed interest rate		4.82%
Long-term borrowings, payment date		2016-02
Deutsche Bank | Investment securities with amortized cost
Debt Instrument [Line Items]
Long-term borrowings, security amount		$ 14,400
1-4 residential mortgage
Debt Instrument [Line Items]
Federal Home Loan Bank advance, amount		$ 10,000
Federal Home Loan Bank advance, maturity date		Oct. 24, 2017
Federal Home Loan Bank advance, interest rate		3.80%
Federal Home Loan Bank advance, interest rate type		Fixed
Federal Home Loan Bank advance, payment date		2016-12
Penalty incurred on prepayment of the borrowing	$ 220

Financial Instruments (Schedule

Financial Instruments (Schedule of Carrying Amount, Fair Value, and Placement in Fair Value Hierarchy of Company's Financial Instruments, Excluding Financial Instruments, which the Carrying Amount Approximates Fair Value) (Detail) - USD ($) $ in Thousands	Dec. 31, 2016	Jul. 01, 2016	Dec. 31, 2015
Financial Instruments - Assets
Net Loans	$ 408,548		$ 237,798
Financial Instruments - Liabilities
Time Deposits	167,355		96,373
Long-Term Debt	0	$ 18,000	20,000
Financial Instruments, Financial Assets, Balance Sheet Groupings [Abstract]
Net Loans	405,876		237,928
Financial Instruments, Financial Liabilities, Balance Sheet Groupings [Abstract]
Time Deposits	165,257		95,725
Long-Term Debt			20,925
Significant Other Observable Inputs (Level 2)
Financial Instruments, Financial Assets, Balance Sheet Groupings [Abstract]
Net Loans	405,410		236,761
Financial Instruments, Financial Liabilities, Balance Sheet Groupings [Abstract]
Time Deposits	165,257		95,725
Long-Term Debt			20,925
Significant Unobservable Inputs (Level 3)
Financial Instruments, Financial Assets, Balance Sheet Groupings [Abstract]
Net Loans	$ 466		$ 1,167

Financial Instruments - Additio

Financial Instruments - Additional Information (Detail)	12 Months Ended
	Dec. 31, 2016USD ($)Derivative	Dec. 31, 2015USD ($)Derivative
Transfers From (To) Parent [Abstract]
Number of derivative instruments | Derivative	0	0
Fair value of liabilities, recurring basis	$ 0	$ 0
Fair value assets transfer from level 1 to level 2	0	0
Fair value assets transfer from level 2 to level 1	0	0
Fair value of liabilities, recurring basis	$ 0	$ 0

Financial Instruments (Schedu77

Financial Instruments (Schedule of Assets Recorded at Fair Value on Recurring Basis) (Detail) - USD ($) $ in Thousands	Dec. 31, 2016	Dec. 31, 2015
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value of assets, recurring basis	$ 62,540	$ 56,050
Government sponsored enterprises
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value of assets, recurring basis	2,209	15,309
Collateralized Mortgage Backed Securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value of assets, recurring basis	35,202	13,513
Corporate securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value of assets, recurring basis	2,974	2,974
State and municipal securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value of assets, recurring basis	22,155	20,745
U.S. Treasury securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value of assets, recurring basis		1,516
U.S. Government agency securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value of assets, recurring basis		4
Asset-backed securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value of assets, recurring basis		1,989
Significant Other Observable Inputs (Level 2)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value of assets, recurring basis	62,540	56,050
Significant Other Observable Inputs (Level 2) | Government sponsored enterprises
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value of assets, recurring basis	2,209	15,309
Significant Other Observable Inputs (Level 2) | Collateralized Mortgage Backed Securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value of assets, recurring basis	35,202	13,513
Significant Other Observable Inputs (Level 2) | Corporate securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value of assets, recurring basis	2,974	2,974
Significant Other Observable Inputs (Level 2) | State and municipal securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value of assets, recurring basis	$ 22,155	20,745
Significant Other Observable Inputs (Level 2) | U.S. Treasury securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value of assets, recurring basis		1,516
Significant Other Observable Inputs (Level 2) | U.S. Government agency securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value of assets, recurring basis		4
Significant Other Observable Inputs (Level 2) | Asset-backed securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value of assets, recurring basis		$ 1,989

Financial Instruments (Schedu78

Financial Instruments (Schedule of Assets Recorded at Fair Value on Nonrecurring Basis) (Detail) - USD ($) $ in Thousands	Dec. 31, 2016	Dec. 31, 2015
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value of assets, nonrecurring basis	$ 536	$ 1,575
Impaired Loans
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value of assets, nonrecurring basis	466	1,167
Foreclosed assets
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value of assets, nonrecurring basis	70	408
Significant Unobservable Inputs (Level 3)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value of assets, nonrecurring basis	536	1,575
Significant Unobservable Inputs (Level 3) | Impaired Loans
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value of assets, nonrecurring basis	466	1,167
Significant Unobservable Inputs (Level 3) | Foreclosed assets
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value of assets, nonrecurring basis	$ 70	$ 408

Financial Instruments (Assets M

Financial Instruments (Assets Measured at Fair Value on a Recurring or Non-Recurring Basis and Significant Unobservable Inputs Used in Fair Value Measurements) (Detail) - Significant Unobservable Inputs (Level 3) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015
Impaired Loans
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Valuation Technique	Appraised Value/Discounted Cash Flows/Market Value of Note
Significant Unobservable Inputs	Discounts to reflect current market conditions, ultimate collectability, and estimated costs to sell
Fair Value	$ 466	$ 1,167
Impaired Loans | Minimum
Fair Value Inputs, Assets, Quantitative Information [Line Items]
General Range of Significant Unobservable Input Values	0.00%
Impaired Loans | Maximum
Fair Value Inputs, Assets, Quantitative Information [Line Items]
General Range of Significant Unobservable Input Values	10.00%
Other Real Estate Owned
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Valuation Technique	Appraised Value/Comparable Sales/Other Estimates from Independent Sources
Significant Unobservable Inputs	Discounts to reflect current market conditions and estimated costs to sell
Fair Value	$ 70	$ 408
Other Real Estate Owned | Minimum
Fair Value Inputs, Assets, Quantitative Information [Line Items]
General Range of Significant Unobservable Input Values	0.00%
Other Real Estate Owned | Maximum
Fair Value Inputs, Assets, Quantitative Information [Line Items]
General Range of Significant Unobservable Input Values	10.00%

Employee Benefit Plans (Summary

Employee Benefit Plans (Summary of Plan's Funded Status) (Detail) - Grayson Plan - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015
Change in benefit obligation
Benefit obligation at beginning of year	$ 4,645	$ 5,051
Interest cost	196	199
Actuarial (gain) loss	227	(215)
Benefits paid	(306)	(380)
Settlement (gain) loss	21	(10)
Benefit obligation at end of year	4,783	4,645
Change in plan assets
Fair value of plan assets at beginning of year	7,722	8,096
Actual return on plan assets	478	6
Benefits paid	(306)	(380)
Fair value of plan assets at end of year	7,894	7,722
Funded status at the end of the year	$ 3,111	$ 3,077

Employee Benefit Plans (Amounts

Employee Benefit Plans (Amounts Recognized in Balance Sheet) (Detail) - Grayson Plan - USD ($) $ in Thousands	Dec. 31, 2016	Dec. 31, 2015
Amounts recognized in the Balance Sheet
Prepaid benefit cost	$ 4,292	$ 3,997
Unrecognized net actuarial loss	(1,181)	(920)
Amount recognized in other assets	$ 3,111	$ 3,077

Employee Benefit Plans (Amoun82

Employee Benefit Plans (Amounts Recognized in Accumulated Comprehensive Income (Loss) (Detail) - Grayson Plan - USD ($) $ in Thousands	Dec. 31, 2016	Dec. 31, 2015
Amounts recognized in accumulated comprehensive income (loss)
Unrecognized net actuarial loss	$ (1,181)	$ (920)
Unfunded pension benefit obligation	(1,181)	(920)
Deferred taxes	401	313
Amount recognized in accumulated comprehensive income (loss), net	$ (780)	$ (607)

Employee Benefit Plans ((Accrue

Employee Benefit Plans ((Accrued) Prepaid Benefit Detail) (Detail) - Grayson Plan - USD ($) $ in Thousands	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
(Accrued) Prepaid benefit detail
Benefit obligation	$ (4,783)	$ (4,645)	$ (5,051)
Fair value of assets	7,894	7,722	$ 8,096
Unrecognized net actuarial (gain) loss	1,181	920
Prepaid benefit cost	$ 4,292	$ 3,997

Employee Benefit Plans (Compone

Employee Benefit Plans (Components of Net Periodic Pension Cost) (Detail) - Grayson Plan - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015
Components of net periodic pension cost
Interest cost	$ 196	$ 199
Expected return on plan assets	(558)	(582)
Recognized net loss due to settlement	57	43
Recognized net actuarial loss	10
Net periodic benefit expense	$ (295)	$ (340)

Employee Benefit Plans (Summa85

Employee Benefit Plans (Summary of Plan, Additional Disclosure Information) (Detail) - Grayson Plan - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015
Additional disclosure information
Accumulated benefit obligation	$ 4,783	$ 4,645
Vested benefit obligation	$ 4,783	$ 4,623
Discount rate used for net periodic pension cost	4.25%	4.00%
Discount rate used for disclosure	4.00%	4.25%
Expected return on plan assets	7.25%	7.25%
Rate of compensation increase
Average remaining service (years)	14 years	14 years

Employee Benefit Plans (Fair Va

Employee Benefit Plans (Fair Values of Pension Plan Assets, by Asset Category) (Detail) - Defined Benefit Pension Plan - USD ($) $ in Thousands	Dec. 31, 2016	Dec. 31, 2015
Defined Benefit Plan Disclosure [Line Items]
Plan assets at fair value	$ 7,894	$ 7,722
Cash Equivalents and Short Term Investments
Defined Benefit Plan Disclosure [Line Items]
Plan assets at fair value		1
Equities | Mutual Funds
Defined Benefit Plan Disclosure [Line Items]
Plan assets at fair value	3,969	3,836
Fixed Income | Mutual Funds
Defined Benefit Plan Disclosure [Line Items]
Plan assets at fair value	3,925	3,885
Quoted Prices in Active Markets for Identical Assets or Liabilities (Level 1)
Defined Benefit Plan Disclosure [Line Items]
Plan assets at fair value	7,894	7,722
Quoted Prices in Active Markets for Identical Assets or Liabilities (Level 1) | Cash Equivalents and Short Term Investments
Defined Benefit Plan Disclosure [Line Items]
Plan assets at fair value		1
Quoted Prices in Active Markets for Identical Assets or Liabilities (Level 1) | Equities | Mutual Funds
Defined Benefit Plan Disclosure [Line Items]
Plan assets at fair value	3,969	3,836
Quoted Prices in Active Markets for Identical Assets or Liabilities (Level 1) | Fixed Income | Mutual Funds
Defined Benefit Plan Disclosure [Line Items]
Plan assets at fair value	$ 3,925	$ 3,885

Employee Benefit Plans (Estimat

Employee Benefit Plans (Estimated Future Benefit Payments) (Detail) - Defined Benefit Pension Plan $ in Thousands	Dec. 31, 2016USD ($)
Defined Benefit Plan Disclosure [Line Items]
2,017	$ 18
2,018	517
2,019	45
2,020	236
2,021	112
2022 - 2026	2,356
Defined Benefit Plan, Expected Future Benefit Payments, Total	$ 3,284

Employee Benefit Plans - Additi

Employee Benefit Plans - Additional Information (Detail) - USD ($)	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, contributions by employer for 2017	$ 0
Bank of Floyd Plan
Defined Benefit Plan Disclosure [Line Items]
Plan expenses paid by bank	$ 55,000	$ 49,000
Fixed Income | Mutual Funds
Defined Benefit Plan Disclosure [Line Items]
Defined benefit plan target asset allocations	50.00%
Equities | Mutual Funds
Defined Benefit Plan Disclosure [Line Items]
Defined benefit plan target asset allocations	50.00%

Employee Benefit Plans (Pension

Employee Benefit Plans (Pension Plan's Weighted-Average Asset Allocations, by Asset Category) (Detail)	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015
Defined Benefit Pension Plan
Defined Benefit Plan Disclosure [Line Items]
Defined benefit plan target asset allocations	100.00%	100.00%
Defined Benefit Pension Plan | Cash Equivalents
Defined Benefit Plan Disclosure [Line Items]
Defined benefit plan target asset allocations	0.00%	0.00%
Fixed Income | Mutual Funds
Defined Benefit Plan Disclosure [Line Items]
Defined benefit plan target asset allocations	50.00%
Fixed Income | Defined Benefit Pension Plan | Mutual Funds
Defined Benefit Plan Disclosure [Line Items]
Defined benefit plan target asset allocations	50.00%	50.00%
Equities | Mutual Funds
Defined Benefit Plan Disclosure [Line Items]
Defined benefit plan target asset allocations	50.00%
Equities | Defined Benefit Pension Plan | Mutual Funds
Defined Benefit Plan Disclosure [Line Items]
Defined benefit plan target asset allocations	50.00%	50.00%

Employee Benefit Plans (Funded

Employee Benefit Plans (Funded Status (Market Value of Plan Assets Divided by Funding Target) as of July 1) (Detail)	Dec. 31, 2016	Dec. 31, 2015
Bank of Floyd Plan
Defined Benefit Plan Disclosure [Line Items]
Funded status (market value of plan assets divided by funding target) as of July 1	109.78%	114.47%

Deferred Compensation and Sup91

Deferred Compensation and Supplemental Executive Retirement Plans - Additional Information (Detail)	12 Months Ended
	Dec. 31, 2016USD ($)EmployeeAge	Dec. 31, 2015USD ($)	Dec. 31, 2014USD ($)
Deferred compensation plans | Certain executive officers and members of the Board of Directors
Deferred Compensation Arrangement with Individual, Postretirement Benefits [Line Items]
Deferred compensation plans, payable period	10 years
Deferred compensation plans, payments beginning age | Age	65
Deferred compensation plans, liability accrued		$ 362,000	$ 421,000
Deferred compensation plans, changes in present value of future cash payments, discounted rate	8.00%
Deferred compensation plans | Certain executive officers and members of the Board of Directors | Minimum
Deferred Compensation Arrangement with Individual, Postretirement Benefits [Line Items]
Deferred compensation plans, aggregate annual payments	$ 1,992
Deferred compensation plans | Certain executive officers and members of the Board of Directors | Maximum
Deferred Compensation Arrangement with Individual, Postretirement Benefits [Line Items]
Deferred compensation plans, aggregate annual payments	37,200
Deferred compensation plans | Certain executive officers and members of the Board of Directors | Salary and benefits expense
Deferred Compensation Arrangement with Individual, Postretirement Benefits [Line Items]
Deferred compensation plans, expense charged against income	31,000	$ 59,000
Supplemental executive plans of Bank of Floyd | Former members of management
Deferred Compensation Arrangement with Individual, Postretirement Benefits [Line Items]
Deferred compensation plans, aggregate annual payments	$ 69,000
Deferred compensation plans, payable period	20 years
Deferred compensation plans, liability accrued	$ 842,000
Deferred compensation plans, expense charged against income	$ 17,000
Deferred compensation plans, changes in present value of future cash payments, discounted rate	4.00%
Deferred compensation plans, number of employees covered | Employee	2
Deferred compensation plans, payments beginning term	Subsequent to the executive's last day of employment

Income Taxes (Components of Inc

Income Taxes (Components of Income Tax Expense (Benefit)) (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015
Income Tax Disclosure [Abstract]
Current	$ 21	$ 8
Deferred	1,154	590
Income tax expense	$ 1,175	$ 598

Income Taxes (Reconciliation of

Income Taxes (Reconciliation of Income Tax Expense Computed at Statutory Federal Income Tax Rate to Income Tax Expense (Benefit)) (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015
Income Tax Disclosure [Abstract]
Tax at statutory federal rate	$ 1,222	$ 542
Tax exempt interest income	(33)	(11)
Tax exempt insurance income	(163)	(98)
State income tax, net of federal benefit	16	16
Merger expenses	205	160
Bargain purchase gain	(303)
Merger-related NOL adjustment	225	1
Other	6	(11)
Income tax expense	$ 1,175	$ 598

Income Taxes (Significant Compo

Income Taxes (Significant Components of Net Deferred Tax Assets) (Detail) - USD ($) $ in Thousands	Dec. 31, 2016	Dec. 31, 2015
Deferred tax assets
Allowance for loan losses	$ 652	$ 591
Acquired loan credit mark	1,710
Deferred compensation	569	145
Investment impairment charge recorded directly to stockholders' equity as a component of other comprehensive income	497	406
Minimum pension liability	402	313
Net operating loss carryforward	4,227	1,493
Alternative minimum tax credit carryforward	394	54
Net unrealized losses on securities available for sale	296	60
Nonaccrual interest income	358	454
Other	200	77
Deferred tax assets Gross	9,305	3,593
Deferred tax liabilities
Deferred loan origination costs	288	218
Core deposit intangible	798
Accrued pension costs	1,471	1,376
Depreciation	875	220
Accretion of discount on investment securities, net	1	2
Deferred tax liabilities Gross	3,433	1,816
Net deferred tax asset	$ 5,872	$ 1,777

Income Taxes - Additional Infor

Income Taxes - Additional Information (Detail) - USD ($)	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015
Income Taxes Disclosure [Line Items]
Liability for uncertain tax position	$ 0
Income tax examination, year	2,013
Deferred tax assets, valuation allowance	$ 0	$ 0
Net operating loss carryforward subject to expiration	$ 13,100,000
Earliest Tax Year
Income Taxes Disclosure [Line Items]
Operating loss carryforwards, expiration year	2,031

Commitments and Contingencies96

Commitments and Contingencies (Summary of Bank's Commitments) (Detail) - USD ($) $ in Thousands	Dec. 31, 2016	Dec. 31, 2015
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Financial instruments with off balance sheet risk	$ 54,667	$ 23,813
Commitments to Extend Credit
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Financial instruments with off balance sheet risk	$ 54,667	$ 23,813

Commitments and Contingencies -

Commitments and Contingencies - Additional Information (Detail)	12 Months Ended
	Dec. 31, 2016USD ($)
Commitments and Contingencies Disclosure [Abstract]
Maximum potential credits	$ 5,000,000

Regulatory Restrictions - Addit

Regulatory Restrictions - Additional Information (Detail) - USD ($) $ in Millions	Jan. 01, 2019	Dec. 31, 2016	Jan. 01, 2016
Compliance with Regulatory Capital Requirements under Banking Regulations [Line Items]
Percentage of legal lending limit on capital and surplus		10.00%
Collateral requirements minimum percentage collateral to fair value of securities loans from subsidiary		20.00%
Legal lending limits on loans to an affiliate		$ 5.4
Current Regulatory Requirements
Compliance with Regulatory Capital Requirements under Banking Regulations [Line Items]
Risk weight for certain high volatility commercial real estate acquisition, development and construction loans and for non-residential mortgage loans that are 90 days past due or otherwise in non-accrual status		150.00%
Credit conversion factor for the unused portion of a commitment with an original maturity of one year or less that is not unconditionally cancellable		20.00%
Risk weight for mortgage servicing and deferred tax assets that are not deducted from capital		250.00%
Previous Regulatory Requirements
Compliance with Regulatory Capital Requirements under Banking Regulations [Line Items]
Risk weight for certain high volatility commercial real estate acquisition, development and construction loans and for non-residential mortgage loans that are 90 days past due or otherwise in non-accrual status		100.00%
Credit conversion factor for the unused portion of a commitment with an original maturity of one year or less that is not unconditionally cancellable		0.00%
Risk weight for mortgage servicing and deferred tax assets that are not deducted from capital		100.00%
Minimum
Compliance with Regulatory Capital Requirements under Banking Regulations [Line Items]
Risk weight for equity exposures		0.00%
Maximum
Compliance with Regulatory Capital Requirements under Banking Regulations [Line Items]
Risk weight for equity exposures		600.00%
Basel III
Compliance with Regulatory Capital Requirements under Banking Regulations [Line Items]
Capital conservation buffer, percentage at the beginning stage			0.625%
Basel III | Scenario, Forecast
Compliance with Regulatory Capital Requirements under Banking Regulations [Line Items]
Capital conservation buffer, percentage fully phased in stage	2.50%
Basel III | Minimum
Compliance with Regulatory Capital Requirements under Banking Regulations [Line Items]
Common equity Tier 1 capital risk-weighted assets		4.50%
Basel III | Minimum | Current Regulatory Requirements
Compliance with Regulatory Capital Requirements under Banking Regulations [Line Items]
Tier 1 capital to risk weighted assets		6.00%
Total capital to risk weighted assets		8.00%
Tier 1 leverage ratio		4.00%
Basel III | Minimum | Previous Regulatory Requirements
Compliance with Regulatory Capital Requirements under Banking Regulations [Line Items]
Tier 1 capital to risk weighted assets		4.00%
Total capital to risk weighted assets		8.00%
Tier 1 leverage ratio		4.00%
Basel III | Minimum | Fully Phased-in Period Regulatory Requirements
Compliance with Regulatory Capital Requirements under Banking Regulations [Line Items]
Common equity Tier 1 capital risk-weighted assets		4.50%
Tier 1 capital to risk weighted assets		6.00%
Total capital to risk weighted assets		8.00%
Tier 1 leverage ratio		4.00%
Capital conservation buffer, fully phased in date		Jan. 1, 2019
Common equity Tier 1 capital risk-weighted assets, capital conservation buffer		2.50%
Common equity Tier 1 capital risk-weighted assets, effective rate including capital conservation buffer		7.00%
Tier 1 capital to risk weighted assets, capital conservation buffer		2.50%
Tier 1 capital to risk weighted assets, effective rate capital conservation buffer		8.50%
Total capital to risk weighted assets, capital conservation buffer		2.50%
Total capital to risk weighted assets, effective rate including capital conservation buffer		10.50%
FDIA | Minimum
Compliance with Regulatory Capital Requirements under Banking Regulations [Line Items]
Common equity Tier 1 capital ratio to be categorized as well capitalized		6.50%
Tier 1 leverage ratio to be categorized as well capitalized with composite supervisory rating 1		3.00%
Total risk based capital ratio to be categorized as well capitalized		10.00%
Tier 1 leverage ratio to be categorized as well capitalized		5.00%
FDIA | Minimum | Current Regulatory Requirements
Compliance with Regulatory Capital Requirements under Banking Regulations [Line Items]
Tier 1 capital ratio to be categorized as well capitalized		8.00%
FDIA | Minimum | Previous Regulatory Requirements
Compliance with Regulatory Capital Requirements under Banking Regulations [Line Items]
Tier 1 capital ratio to be categorized as well capitalized		6.00%

Regulatory Restrictions (Detail

Regulatory Restrictions (Detail) - USD ($) $ in Thousands	Dec. 31, 2016	Dec. 31, 2015
Consolidated Entities
Compliance with Regulatory Capital Requirements under Banking Regulations [Line Items]
Total Capital to Risk Weighted Assets, Actual Amount	$ 55,957	$ 33,153
Total Capital to Risk Weighted Assets, Actual Ratio	13.24%	12.85%
Total Capital to Risk Weighted Assets, Minimum For Capital Adequacy Purposes Amount	$ 33,798	$ 20,647
Total Capital to Risk Weighted Assets, Minimum For Capital Adequacy Purposes Ratio	8.00%	8.00%
Total Capital to Risk Weighted Assets, Minimum To Be Well Capitalized Amount	$ 42,248	$ 25,809
Total Capital to Risk Weighted Assets, Minimum To Be Well Capitalized Ratio	10.00%	10.00%
Tier 1 Capital to Risk Weighted Assets, Actual Amount	$ 52,410	$ 29,886
Tier 1 Capital to Risk Weighted Assets, Actual Ratio	12.41%	11.58%
Tier 1 Capital to Risk Weighted Assets, Minimum For Capital Adequacy Purposes Amount	$ 25,349	$ 15,485
Tier 1 Capital to Risk Weighted Assets, Minimum For Capital Adequacy Purposes Ratio	6.00%	6.00%
Tier 1 Capital to Risk Weighted Assets, Minimum To Be Well Capitalized Amount	$ 33,798	$ 20,647
Tier 1 Capital to Risk Weighted Assets, Minimum To Be Well Capitalized Ratio	8.00%	8.00%
Common Equity Tier 1 Capital to Risk Weighted Assets, Actual Amount	$ 52,410	$ 29,886
Common Equity Tier 1 Capital to Risk Weighted Assets, Actual Ratio	12.41%	11.58%
Common Equity Tier 1 Capital to Risk Weighted Assets, Minimum For Capital Adequacy Purposes Amount	$ 19,012	$ 11,614
Common Equity Tier 1 Capital to Risk Weighted Assets, Minimum For Capital Adequacy Purposes Ratio	4.50%	4.50%
Common Equity Tier 1 Capital to Risk Weighted Assets, Minimum To Be Well Capitalized Amount	$ 27,461	$ 16,776
Common Equity Tier 1 Capital to Risk Weighted Assets, Minimum To Be Well Capitalized Ratio	6.50%	6.50%
Tier 1 Capital to Average Assets, Actual Amount	$ 52,410	$ 29,886
Tier 1 Capital to Average Assets, Actual Ratio	9.41%	8.97%
Tier 1 Capital to Average Assets, Minimum For Capital Adequacy Purposes Amount	$ 22,274	$ 13,334
Tier 1 Capital to Average Assets, Minimum For Capital Adequacy Purposes Ratio	4.00%	4.00%
Tier 1 Capital to Average Assets, Minimum To Be Well Capitalized Under Amount	$ 27,842	$ 16,666
Tier 1 Capital to Average Assets, Minimum To Be Well Capitalized Ratio	5.00%	5.00%
Bank
Compliance with Regulatory Capital Requirements under Banking Regulations [Line Items]
Total Capital to Risk Weighted Assets, Actual Amount	$ 53,657	$ 32,953
Total Capital to Risk Weighted Assets, Actual Ratio	12.72%	12.78%
Total Capital to Risk Weighted Assets, Minimum For Capital Adequacy Purposes Amount	$ 33,744	$ 20,631
Total Capital to Risk Weighted Assets, Minimum For Capital Adequacy Purposes Ratio	8.00%	8.00%
Total Capital to Risk Weighted Assets, Minimum To Be Well Capitalized Amount	$ 42,180	$ 25,789
Total Capital to Risk Weighted Assets, Minimum To Be Well Capitalized Ratio	10.00%	10.00%
Tier 1 Capital to Risk Weighted Assets, Actual Amount	$ 50,111	$ 29,686
Tier 1 Capital to Risk Weighted Assets, Actual Ratio	11.88%	11.51%
Tier 1 Capital to Risk Weighted Assets, Minimum For Capital Adequacy Purposes Amount	$ 25,308	$ 15,473
Tier 1 Capital to Risk Weighted Assets, Minimum For Capital Adequacy Purposes Ratio	6.00%	6.00%
Tier 1 Capital to Risk Weighted Assets, Minimum To Be Well Capitalized Amount	$ 33,744	$ 20,631
Tier 1 Capital to Risk Weighted Assets, Minimum To Be Well Capitalized Ratio	8.00%	8.00%
Common Equity Tier 1 Capital to Risk Weighted Assets, Actual Amount	$ 50,111	$ 29,686
Common Equity Tier 1 Capital to Risk Weighted Assets, Actual Ratio	11.88%	11.51%
Common Equity Tier 1 Capital to Risk Weighted Assets, Minimum For Capital Adequacy Purposes Amount	$ 18,981	$ 11,605
Common Equity Tier 1 Capital to Risk Weighted Assets, Minimum For Capital Adequacy Purposes Ratio	4.50%	4.50%
Common Equity Tier 1 Capital to Risk Weighted Assets, Minimum To Be Well Capitalized Amount	$ 27,417	$ 16,763
Common Equity Tier 1 Capital to Risk Weighted Assets, Minimum To Be Well Capitalized Ratio	6.50%	6.50%
Tier 1 Capital to Average Assets, Actual Amount	$ 50,111	$ 29,686
Tier 1 Capital to Average Assets, Actual Ratio	9.01%	8.91%
Tier 1 Capital to Average Assets, Minimum For Capital Adequacy Purposes Amount	$ 22,242	$ 13,325
Tier 1 Capital to Average Assets, Minimum For Capital Adequacy Purposes Ratio	4.00%	4.00%
Tier 1 Capital to Average Assets, Minimum To Be Well Capitalized Under Amount	$ 27,803	$ 16,656
Tier 1 Capital to Average Assets, Minimum To Be Well Capitalized Ratio	5.00%	5.00%

Loan Transactions with Related

Loan Transactions with Related Parties (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015
Related Party Transactions [Abstract]
Balance, beginning	$ 1,741	$ 2,671
New loans	841	803
Repayments	(695)	(1,644)
Change in relationship	3,225	(89)
Balance, ending	$ 5,112	$ 1,741

Transactions with Related Pa101

Transactions with Related Parties - Additional Information (Detail) - USD ($) $ in Thousands	Dec. 31, 2016	Jul. 01, 2016	Dec. 31, 2015
Related Party Transaction [Line Items]
Deposits outstanding amount	$ 499,387	$ 493,538	$ 279,876
Directors and executive officers
Related Party Transaction [Line Items]
Deposits outstanding amount	$ 9,500		$ 1,100

Parent Company Financial Inf102

Parent Company Financial Information (Balance Sheets) (Detail) - USD ($) $ in Thousands	Dec. 31, 2016	Jul. 01, 2016	Dec. 31, 2015	Dec. 31, 2014
Assets
Cash and due from banks	$ 7,215		$ 5,678
Other assets	5,890	$ 12,171	3,673
Total assets	558,856	570,623	331,760
Liabilities
Other liabilities	3,946	2,582	1,059
Stockholders' equity
Surplus	26,166		522
Retained earnings	30,654		28,709
Accumulated other comprehensive loss	(1,354)		(724)
Total stockholders' equity	55,466	$ 56,372	30,656	$ 29,968
Total liabilities and stockholders' equity	558,856		331,760
Parkway Acquisition Corp.
Assets
Cash and due from banks	1,621		29
Investment in affiliate bank	53,168		30,456
Other assets	677		256
Total assets	55,466		30,741
Liabilities
Other liabilities			85
Stockholders' equity
Common stock			2,149
Surplus	26,166		522
Retained earnings	30,654		28,709
Accumulated other comprehensive loss	(1,354)		(724)
Total stockholders' equity	55,466		30,656
Total liabilities and stockholders' equity	$ 55,466		$ 30,741

Parent Company Financial Inf103

Parent Company Financial Information (Statements of Income) (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015
Condensed Financial Statements, Captions [Line Items]
Dividends from affiliate bank	$ 63	$ 41
Bargain purchase gain	891
Other income	164	20
Other expenses	2,766	1,930
Income before income taxes	3,593	1,595
Federal income tax (expense) benefit	(1,175)	(598)
Net income	2,418	997
Parkway Acquisition Corp.
Condensed Financial Statements, Captions [Line Items]
Dividends from affiliate bank	573	272
Bargain purchase gain	891
Other income	7	1
Total income	1,471	273
Management and professional fees	56	148
Other expenses	27	24
Total expense	83	172
Income before income taxes	1,388	101
Federal income tax (expense) benefit	(225)	58
Income before equity in undistributed income of affiliate	1,163	159
Equity in undistributed income of affiliate	1,255	838
Net income	$ 2,418	$ 997

Parent Company Financial Inf104

Parent Company Financial Information (Statements of Cash Flow) (Detail) - USD ($) $ in Thousands	Jul. 01, 2016	Dec. 31, 2016	Dec. 31, 2015
Cash flows from operating activities
Net income		$ 2,418	$ 997
Adjustments to reconcile net income to net cash provided by operating activities:
Bargain purchase gain		(891)
Change in other assets		(209)	(46)
Change in other liabilities		1,462	(26)
Net cash provided by operating activities		3,579	1,988
Cash flows from investing activities
Net decrease in loans		(12,105)	(19,446)
Cash received in business combination		11,698
Net cash provided by (used in) investing activities		52,280	(6,075)
Cash flows from financing activities
Cash paid for fractional shares		(5)
Dividends paid		(473)	(172)
Net cash used by financing activities		(28,006)	(2,432)
Net increase in cash and cash equivalents		27,853	(6,519)
Cash and cash equivalents, beginning		8,055	14,574
Cash and cash equivalents, ending	$ 24,815	35,908	8,055
Parkway Acquisition Corp.
Cash flows from operating activities
Net income		2,418	997
Adjustments to reconcile net income to net cash provided by operating activities:
Equity in undistributed income of affiliate		(1,255)	(838)
Bargain purchase gain		(891)
Change in other assets		59	(69)
Change in other liabilities		(85)	85
Net cash provided by operating activities		246	175
Cash flows from investing activities
Net decrease in loans		1,002
Cash received in business combination		822
Net cash provided by (used in) investing activities		1,824
Cash flows from financing activities
Cash paid for fractional shares		(5)
Dividends paid		(473)	(172)
Net cash used by financing activities		(478)	(172)
Net increase in cash and cash equivalents		1,592	3
Cash and cash equivalents, beginning		29	26
Cash and cash equivalents, ending		$ 1,621	$ 29