Skyline Bankshares (SLBK) 10-Q 14 Aug 17 2017 Q2 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	6 Months Ended
	Jun. 30, 2017	Aug. 14, 2017
Document And Entity Information [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Jun. 30, 2017
Document Fiscal Year Focus	2,017
Document Fiscal Period Focus	Q2
Trading Symbol	PKKW
Entity Registrant Name	Parkway Acquisition Corp.
Entity Central Index Key	1,657,642
Current Fiscal Year End Date	--12-31
Entity Filer Category	Smaller Reporting Company
Entity Common Stock, Shares Outstanding		5,021,376

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($) $ in Thousands	Jun. 30, 2017	Dec. 31, 2016
Assets
Cash and due from banks	$ 6,792	$ 7,215
Interest-bearing deposits with banks	8,101	19,399
Federal funds sold	10,542	9,294
Investment securities available for sale	59,602	62,540
Restricted equity securities	1,388	1,149
Loans, net of allowance for loan losses of $3,568 at June 30, 2017 and $3,420 at December 31, 2016	417,018	408,548
Cash value of life insurance	17,126	16,850
Foreclosed assets	60	70
Property and equipment, net	18,010	17,970
Accrued interest receivable	1,665	1,732
Core deposit intangible	2,185	2,327
Deferred tax assets, net	4,960	5,872
Other assets	6,549	5,890
Total Assets	553,998	558,856
Deposits
Noninterest-bearing	130,038	127,224
Interest-bearing	364,835	372,163
Total deposits	494,873	499,387
Accrued interest payable	41	57
Other liabilities	1,954	3,946
Total Liabilities	496,868	503,390
Commitments and contingencies (Note 7)
Stockholders' equity
Preferred stock value
Common stock value	0	0
Surplus	26,166	26,166
Retained earnings	31,736	30,654
Accumulated other comprehensive loss	(772)	(1,354)
Total Stockholders' Equity	57,130	55,466
Total Liabilities and Stockholders' Equity	$ 553,998	$ 558,856

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Thousands	Jun. 30, 2017	Dec. 31, 2016
Statement of Financial Position [Abstract]
Allowance for loan losses	$ 3,568	$ 3,420
Preferred stock, no par value
Preferred stock, shares authorized	5,000,000	5,000,000
Preferred stock, issued	0	0
Common stock, no par value
Common stock, shares authorized	25,000,000	25,000,000
Common stock, issued	5,021,376	5,021,376
Common stock, outstanding	5,021,376	5,021,376

Consolidated Statements of Inco

Consolidated Statements of Income - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2017	Jun. 30, 2016	Jun. 30, 2017	Jun. 30, 2016
Interest income
Loans and fees on loans	$ 5,113	$ 2,903	$ 10,168	$ 5,795
Interest-bearing deposits in banks	10		22
Federal funds sold	40	8	59	14
Investment securities:
Taxable	331	231	674	520
Exempt from federal income tax				1
Dividends	27	9	56	22
Interest and Dividend Income, Operating, Total	5,521	3,151	10,979	6,352
Interest expense
Deposits	367	246	737	521
Interest on borrowings		97		248
Interest Expense, Total	367	343	737	769
Net interest income	5,154	2,808	10,242	5,583
Provision for loan losses	50	(8)	158	(95)
Net interest income after provision for loan losses	5,104	2,816	10,084	5,678
Noninterest income
Service charges on deposit accounts	315	274	637	517
Other service charges and fees	392	269	770	552
Net realized gains on securities	113	3	113	364
Mortgage loan origination fees	67	23	112	43
Increase in cash value of life insurance	111	72	222	144
Other income	24	8	56	18
Non interest income	1,022	649	1,910	1,638
Noninterest expense
Salaries and employee benefits	2,490	1,540	5,040	2,982
Occupancy and equipment	431	265	1,097	545
Foreclosed asset expense, net	11	10	16	53
Data processing expense	308	132	579	246
FDIC assessments	75	60	150	120
Advertising	175	56	333	103
Bank franchise tax	86	45	168	90
Director fees	75	41	138	68
Merger related expense	327	68	642	236
Other expense	998	430	1,720	1,347
Noninterest Expense, Total	4,976	2,647	9,883	5,790
Income before income taxes	1,150	818	2,111	1,526
Income tax expense	347	278	627	552
Net income	$ 803	$ 540	$ 1,484	$ 974
Basic earnings per share	$ 0.16	$ 0.32	$ 0.30	$ 0.57
Weighted average shares outstanding	5,021,376	1,718,968	5,021,376	1,718,968
Dividends declared per share	$ 0	$ 0	$ 0.08	$ 0.10

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Income - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2017	Jun. 30, 2016	Jun. 30, 2017	Jun. 30, 2016
Statement of Comprehensive Income [Abstract]
Net income	$ 803	$ 540	$ 1,484	$ 974
Unrealized gains on investment securities available for sale:
Unrealized gains arising during the period	469	366	995	1,156
Tax related to unrealized gains	(159)	(124)	(338)	(393)
Reclassification of net realized gains during the period	(113)	(3)	(113)	(364)
Tax related to realized gains	38	1	38	124
Total other comprehensive income	235	240	582	523
Total comprehensive income	$ 1,038	$ 780	$ 2,066	$ 1,497

Consolidated Statements of Chan

Consolidated Statements of Changes in Stockholders' Equity - USD ($) $ in Thousands	Total	Common Stock	Surplus	Retained Earnings	Accumulated Comprehensive Loss
Beginning balance at Dec. 31, 2015	$ 30,656	$ 2,149	$ 522	$ 28,709	$ (724)
Beginning balance (in shares) at Dec. 31, 2015		1,718,968
Net income	974			974
Other comprehensive income	523				523
Dividends paid	(172)			(172)
Ending balance at Jun. 30, 2016	31,981	$ 2,149	522	29,511	(201)
Ending balance (in shares) at Jun. 30, 2016		1,718,968
Beginning balance at Dec. 31, 2016	$ 55,466		26,166	30,654	(1,354)
Beginning balance (in shares) at Dec. 31, 2016	5,021,376	5,021,376
Net income	$ 1,484			1,484
Other comprehensive income	582				582
Dividends paid	(402)			(402)
Ending balance at Jun. 30, 2017	$ 57,130		$ 26,166	$ 31,736	$ (772)
Ending balance (in shares) at Jun. 30, 2017	5,021,376	5,021,376

Consolidated Statements of Cha7

Consolidated Statements of Changes in Stockholders' Equity (Parenthetical) - $ / shares	6 Months Ended
	Jun. 30, 2017	Jun. 30, 2016
Statement of Stockholders' Equity [Abstract]
Dividends paid per share	$ 0.08	$ 0.10

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2017	Jun. 30, 2016
Cash flows from operating activities
Net income	$ 1,484	$ 974
Adjustments to reconcile net income to net cash (used in) provided by operations:
Depreciation and amortization	636	300
Amortization of core deposit intangibles	142
Accretion of loan discount and deposit premium, net	(724)
Provision for loan losses	158	(95)
Deferred income taxes	612	129
Net realized gains on securities	(113)	(364)
Accretion of discount on securities, net of amortization of premiums	361	206
Deferred compensation	(43)	(29)
Net realized loss on foreclosed assets	10	38
Changes in assets and liabilities:
Cash value of life insurance	(276)	(144)
Accrued interest receivable	67	40
Other assets	(659)	7
Accrued interest payable	(16)	(73)
Other liabilities	(1,949)	116
Net cash (used in) provided by operating activities	(310)	1,105
Activity in available for sale securities:
Purchases		(1,122)
Sales	662	17,928
Maturities/calls/paydowns	2,910	6,347
Sales (purchases) of restricted equity securities	(239)	1
Net increase in loans	(8,052)	(3,623)
Proceeds from the sale of foreclosed assets		300
Purchases of property and equipment, net of sales	(676)	(92)
Net cash (used in) provided by investing activities	(5,395)	19,739
Cash flows from financing activities
Net decrease in deposits	(4,366)	(5,610)
Net decrease in borrowings		(10,000)
Dividends paid	(402)	(172)
Net cash used in financing activities	(4,768)	(15,782)
Net increase (decrease) in cash and cash equivalents	(10,473)	5,062
Cash and cash equivalents, beginning	35,908	8,055
Cash and cash equivalents, ending	25,435	13,117
Supplemental disclosure of cash flow information
Interest paid	753	841
Taxes paid	0	0
Supplemental disclosure of noncash investing activities
Effect on equity of change in net unrealized gain or loss on available for sale securities	$ 582	523
Transfers of loans to foreclosed properties		$ 25

Organization and Summary of Sig

Organization and Summary of Significant Accounting Policies	6 Months Ended
	Jun. 30, 2017
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 sixteen 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. Parkway is regulated by the Board of Governors of the Federal Reserve System. For purposes of this quarterly report on Form 10-Q, The consolidated financial statements as of June 30, 2017 and for the periods ended June 30, 2017 and 2016 included herein have been prepared by the Company without audit, pursuant to the rules and regulations of the Securities and Exchange Commission. In the opinion of management, the information furnished in the interim consolidated financial statements reflects all adjustments necessary to present fairly the Company’s consolidated financial position, results of operations, changes in stockholders’ equity and cash flows for such interim periods. Management believes that all interim period adjustments are of a normal recurring nature. These consolidated financial statements should be read in conjunction with the Company’s audited financial statements and the notes thereto as of December 31, 2016, included in the Company’s Annual Report on Form 10-K six-month 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 collectability 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. The Company does not currently hold any securities classified as held 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 – 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 thereof, 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 collectability 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 And (Losses) On Available for Sale Securities Defined Benefit Pension Items Total Balance, December 31, 2015 $ (116 ) $ (608 ) $ (724 ) Other comprehensive gain before reclassifications 763 — 763 Amounts reclassified from accumulated other comprehensive gain (240 ) — (240 ) Balance June 30, 2016 $ 407 $ (608 ) $ (201 ) Balance, December 31, 2016 $ (574 ) $ (780 ) $ (1,354 ) Other comprehensive gain before reclassifications 657 — 657 Amounts reclassified from accumulated other comprehensive gain (75 ) — (75 ) Balance June 30, 2017 $ 8 $ (780 ) $ (772 ) 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 8. 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 income 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 August 2015, the FASB deferred the effective date of ASU 2014-09, 2014-09 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 applied the guidance prospectively. These amendments did not have a material effect on the Company’s consolidated financial statements. 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. 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. 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 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 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. In January 2017, the FASB issued guidance to clarify the definition of a business with the objective of adding guidance to assist entities with evaluating whether transactions should be accounted for as acquisitions (or disposals) of assets or businesses. The amendment to the Business Combinations Topic is intended to address concerns that the existing definition of a business has been applied too broadly and has resulted in many transactions being recorded as business acquisitions that in substance are more akin to asset acquisitions. The guidance will be effective for the Company for reporting periods beginning after December 15, 2017. In January 2017, the FASB updated the Accounting Changes and Error Corrections and the Investments—Equity Method and Joint Ventures Topics of the Accounting Standards Codification. The ASU incorporates into the Accounting Standards Codification recent SEC guidance about disclosing, under SEC SAB Topic 11.M, the effect on financial statements of adopting the revenue, leases, and credit losses standards. The ASU was effective upon issuance. The Company is currently evaluating the impact on additional disclosure requirements as each of the standards is adopted, however it does not expect these amendments to have a material effect on its financial position, results of operations or cash flows. In January 2017, the FASB amended the Goodwill and Other Topic of the Accounting Standards Codification to simplify the accounting for goodwill impairment for public business entities and other entities that have goodwill reported in their financial statements and have not elected the private company alternative for the subsequent measurement of goodwill. The amendment removes Step 2 of the goodwill impairment test. A goodwill impairment will now be the amount by which a reporting unit’s carrying value exceeds its fair value, not to exceed the carrying amount of goodwill. The effective date and transition requirements for the technical corrections will be effective for the Company for reporting periods beginning after December 15, 2019 . In February 2017, the FASB amended the Other Income Topic of the Accounting Standards Codification to clarify the scope of the guidance on nonfinancial asset derecognition as well as the accounting for partial sales of nonfinancial assets. The amendments conform the derecognition guidance on nonfinancial assets with the model for transactions in the new revenue standard. The amendments will be effective for the Company for reporting periods beginning after December 15, 2017. In March 2017, the FASB amended the requirements in the Compensation—Retirement Benefits Topic of the Accounting Standards Codification related to the income statement presentation of the components of net periodic benefit cost for an entity’s sponsored defined benefit pension and other postretirement plans. The amendments will be effective for the Company for interim and annual periods beginning after December 15, 2017 . In March 2017, the FASB amended the requirements in the Receivables—Nonrefundable Fees and Other Costs Topic of the Accounting Standards Codification related to the amortization period for certain purchased callable debt securities held at a premium. The amendments shorten the amortization period for the premium to the earliest call date. The amendments will be effective for the Company for interim and annual periods beginning after December 15, 2018. Early adoption is permitted. 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	6 Months Ended
	Jun. 30, 2017
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 Cardinal Fair Value Adjustments As Reported by Parkway 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 for the year ended December 31, 2016. 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 Stockholders’ 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, 2016. 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 Pre-tax six-month pre-tax Three Months Ended June 30, 2017 2016 (unaudited) (unaudited) Net interest income $ 5,119 $ 4,795 Net income (a) $ 780 $ 860 Basic weighted average shares outstanding (b) 5,021,376 5,021,376 Basic earnings per common share $ 0.16 $ 0.17 Six Months ended June 30, 2017 2016 (Unaudited) (Unaudited) Net interest income $ 10,156 $ 9,760 Net income (a) $ 1,427 $ 1,749 Basic weighted average shares outstanding (b) 5,021,376 5,021,376 Basic earnings per common share $ 0.28 $ 0.35 (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.

Investment Securities

Investment Securities	6 Months Ended
	Jun. 30, 2017
Investments, Debt and Equity Securities [Abstract]
Investment Securities	Note 3. 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 June 30, 2017 and December 31, 2016 follow: (dollars in thousands) Amortized Unrealized Unrealized Fair June 30, 2017 Available for sale: Government sponsored enterprises $ 2,022 $ 82 $ (19 ) $ 2,085 Mortgage-backed securities 34,489 67 (281 ) 34,275 Corporate securities 3,038 23 (73 ) 2,988 State and municipal securities 20,041 264 (51 ) 20,254 $ 59,590 $ 436 $ (424 ) $ 59,602 December 31, 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 Restricted equity securities were $1.4 million and $1.1 million at June 30, 2017 and December 31, 2016, 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 June 30, 2017 and December 31, 2016. Less Than 12 Months 12 Months or More Total (dollars in thousands) Fair Value Unrealized Fair Unrealized Losses Fair Value Unrealized Losses June 30, 2017 Available for sale: Government sponsored enterprises $ — $ — $ 1,978 $ (19 ) $ 1,978 $ (19 ) Mortgage-backed securities 22,924 (265 ) 653 (16 ) 23,577 (281 ) Corporate securities — — 1,427 (73 ) 1,427 (73 ) State and municipal securities 3,598 (51 ) — — 3,598 (51 ) Total securities available for sale $ 26,522 $ (316 ) $ 4,058 $ (108 ) $ 30,580 $ (424 ) December 31, 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 ) At June 30, 2017, 23 debt securities with unrealized losses had depreciated 1.37 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 June 30, 2017. 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 sales of investment securities available for sale were $662 thousand and $17.9 million for the six month periods ended June 30, 2017 and 2016, respectively and $662 thousand for the three month period ended June 30, 2017. There were no sales in the three month period ended June 30, 2016, however a gain of $3 thousand was realized as a result of an investment security being called prior to its scheduled maturity. Gains and losses on the sale of investment securities are recorded on the trade date and are determined using the specific identification method. Gross realized gains and losses for the six-month Six Months Ended June 30, Three Months Ended June 30, (dollars in thousands) 2017 2016 2017 2016 Realized gains $ 113 $ 364 $ 113 3 Realized losses — — — — $ 113 $ 364 $ 113 $ 3 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 June 30, 2017, were as follows: (dollars in thousands) Amortized Fair Due in one year or less $ 531 $ 534 Due after one year through five years 10,822 10,862 Due after five years through ten years 22,055 21,924 Due after ten years 26,182 26,282 $ 59,590 $ 59,602 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 $11.3 million and $11.2 million at June 30, 2017 and December 31, 2016, respectively, were pledged as collateral on public deposits and for other purposes as required or permitted by law.

Loans Receivable

Loans Receivable	6 Months Ended
	Jun. 30, 2017
Receivables [Abstract]
Loans Receivable	Note 4. Loans Receivable The major components of loans in the consolidated balance sheets at June 30, 2017 and December 31, 2016 are as follows: (dollars in thousands) 2017 2016 Commercial & agricultural $ 28,232 $ 26,086 Commercial mortgage 123,408 128,515 Construction & development 29,816 26,464 Farmland 34,326 33,531 Residential 192,947 187,188 Consumer & other 11,857 10,184 Total loans 420,586 411,968 Allowance for loan losses (3,568 ) (3,420 ) Loans, net of allowance for loan losses $ 417,018 $ 408,548 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 June 30, 2017 and December 31, 2016, substantially all of the Bank’s residential 1-4

Allowance for Loan Losses and I

Allowance for Loan Losses and Impaired Loans	6 Months Ended
	Jun. 30, 2017
Receivables [Abstract]
Allowance for Loan Losses and Impaired Loans	Note 5. 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. As of June 30, 2017 and December 31, 2016, the Bank had no unallocated reserves included in the allowance for loan losses. The following table presents activity in the allowance for loan losses by loan category three months ended June 30, 2017 and 2016 and the related asset balances as of June 30, 2017 and December 31, 2016: Allowance for Loan Losses and Recorded Investment in Loans (dollars in thousands) Commercial Commercial Construction Farmland Residential Consumer Total For the Three Months Ended June 30, 2017 Allowance for loan losses: Balance, March 31, 2017 $ 230 $ 644 $ 349 $ 401 $ 1,880 $ 72 $ 3,576 Charge-offs (27 ) — — — (13 ) (23 ) (63 ) Recoveries 2 — — — — 3 5 Provision 9 (24 ) (20 ) (8 ) 71 22 50 Balance, June 30, 2017 $ 214 $ 620 $ 329 $ 393 $ 1,938 $ 74 $ 3,568 For the Three Months Ended June 30, 2016 Allowance for loan losses Balance, March 31, 2016 $ 130 $ 587 $ 335 $ 403 $ 1,816 $ 41 $ 3,312 Charge-offs — — — — (3 ) (14 ) (17 ) Recoveries 2 — 10 — 1 9 22 Provision 56 (16 ) (77 ) 119 (97 ) 7 (8 ) Balance, June 30, 2016 $ 188 $ 571 $ 268 $ 522 $ 1,717 $ 43 $ 3,309 For the Six Months Ended June 30, 2017 Allowance for loan losses: Balance, December 31, 2016 $ 210 $ 600 $ 319 $ 342 $ 1,841 $ 108 $ 3,420 Charge-offs (27 ) (42 ) — — (13 ) (38 ) (120 ) Recoveries 29 — 56 — 15 10 110 Provision 2 62 (46 ) 51 95 (6 ) 158 Balance, June 30, 2017 $ 214 $ 620 $ 329 $ 393 $ 1,938 $ 74 $ 3,568 For the Six Months Ended June 30, 2016 Allowance for loan losses: Balance, December 31, 2015 $ 136 $ 578 $ 344 $ 435 $ 1,887 $ 38 $ 3,418 Charge-offs (19 ) (11 ) — — (25 ) (36 ) (91 ) Recoveries 4 — 44 — 15 14 77 Provision 67 4 (120 ) 87 (160 ) 27 (95 ) Balance, June 30, 2016 $ 188 $ 571 $ 268 $ 522 $ 1,717 $ 43 $ 3,309 June 30, 2017 Allowance for loan losses: Ending balance $ 214 $ 620 $ 329 $ 393 $ 1,938 $ 74 $ 3,568 Ending balance: individually evaluated for impairment $ — $ — $ — $ 73 $ 163 $ — $ 236 Ending balance: collectively evaluated for impairment $ 214 $ 620 $ 329 $ 320 $ 1,775 $ 74 $ 3,332 Loans outstanding: Ending balance $ 28,232 $ 123,408 $ 29,816 $ 34,326 $ 192,947 $ 11,857 $ 420,586 Ending balance: individually evaluated for impairment $ — $ 113 $ 385 $ 5,612 $ 1,570 $ — $ 7,680 Ending balance: collectively evaluated for impairment $ 28,232 $ 123,295 $ 29,431 $ 28,714 $ 191,377 $ 11,857 $ 412,906 December 31, 2016 Allowance for loan losses: 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 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 June 30, 2017 and December 31, 2016, 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 June 30, 2017 and December 31, 2016: Credit Risk Profile by Internally Assigned Grades Loan Grades (dollars in thousands) Pass Watch Special Substandard Total June 30, 2017 Real Estate Secured: 1-4 $ 5,187 $ 98 $ — $ — $ 5,285 Commercial construction 4,539 125 — — 4,664 Land development & other land 18,979 346 — 542 19,867 Farmland 24,036 5,566 666 4,058 34,326 1-4 124,430 11,441 26 2,692 138,589 Multifamily 27,273 1,304 — — 28,577 Home equity and second mortgage 24,595 952 — 234 25,781 Commercial mortgage 104,633 12,592 680 5,503 123,408 Non-Real Commercial & agricultural 25,284 2,125 466 357 28,232 Civic organizations 4,516 — — — 4,516 Consumer-auto 1,679 36 — — 1,715 Consumer-other 5,459 167 — — 5,626 Total $ 370,610 $ 34,752 $ 1,838 $ 13,386 $ 420,586 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 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 June 30, 2017 and December 31, 2016: 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 Due Total Past Due Current Total 90+ Days Nonaccrual Loans June 30, 2017 Real Estate Secured: 1-4 $ — $ — $ — $ — $ 5,285 $ 5,285 $ — $ — Commercial construction — — — — 4,664 4,664 — — Land development & other land 249 — 385 634 19,233 19,867 — 609 Farmland — — 969 969 33,357 34,326 — 4,212 1-4 401 366 293 1,060 137,529 138,589 — 491 Multifamily — — — — 28,577 28,577 — — Home equity and second mortgage 59 — 130 189 25,592 25,781 — 130 Commercial mortgage — — 204 204 123,204 123,408 — 213 Non-Real Commercial & agricultural — 103 31 134 28,098 28,232 — 107 Civic organizations — — — — 4,516 4,516 — — Consumer-auto — — — — 1,715 1,715 — — Consumer-other — — — — 5,626 5,626 — — Total $ 709 $ 469 $ 2,012 $ 3,190 $ 417,396 $ 420,586 $ — $ 5,762 (dollars in thousands) 30-59 Days Past Due 60-89 Days Past Due 90 Days or More Past Total Past Due Current Total 90+ Days Nonaccrual Loans 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 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 June 30, 2017 and December 31, 2016, respectively, the recorded investment in impaired loans totaled $14.0 million and $13.3 million. The total amount of collateral-dependent impaired loans at June 30, 2017 and December 31, 2016, respectively, was $4.7 million and $4.0 million. As of June 30, 2017 and December 31, 2016, respectively, $4.5 million and $4.4 million of the recorded investment in impaired loans did not have a related allowance. The Bank had $9.8 million and $10.0 million in troubled debt restructured loans included in impaired loans at June 30, 2017 and December 31, 2016, respectively. The categories of non-accrual non-accrual In 2015, management began collectively evaluating performing TDRs with a loan balance of $250,000 or less for impairment. As of June 30, 2017 and December 31, 2016, respectively, $6.4 million and $6.1 million of TDRs included in the following table were evaluated collectively for impairment and were deemed to have $351 thousand and $315 thousand of related allowance. The following table is a summary of information related to impaired loans as of June 30, 2017 and December 31, 2016: Impaired Loans Six months ended Three months ended Unpaid Average Interest Average Interest Recorded Principal Related Recorded Income Recorded Income (dollars in thousands) Investment 1 Balance Allowance Investment Recognized Investment Recognized June 30, 2017 With no related allowance recorded: 1-4 $ — $ — $ — $ — $ — $ — $ — Land development & other land 385 385 — 387 — 385 — Farmland 3,695 3,695 — 3,708 — 3,695 — 1-4 175 175 — 175 5 175 2 Home equity and second mortgage 125 125 — 125 2 125 2 Commercial mortgage 113 113 — 114 — 113 — Commercial & agricultural — — — — — — — Consumer & other — — — — 1 — 1 Subtotal 4,493 4,493 — 4,509 8 4,493 5 With an allowance recorded: 1-4 — — — — — — — Land development & other land 410 410 23 423 7 410 3 Farmland 2,361 2,361 98 2,493 65 2,362 34 1-4 5,883 6,040 418 6,100 148 6,033 73 Home equity and second mortgage 172 177 9 178 4 177 2 Commercial mortgage 639 775 35 913 43 903 33 Commercial & agricultural 78 78 4 100 8 88 7 Consumer & other — — — 2 — 1 — Subtotal 9,543 9,841 587 10,209 275 9,974 152 Totals: 1-4 — — — — — — — Land development & other land 795 795 23 810 7 795 3 Farmland 6,056 6,056 98 6,201 65 6,057 34 1-4 6,058 6,215 418 6,275 153 6,208 75 Home equity and second mortgage 297 302 9 303 6 302 4 Commercial mortgage 752 888 35 1,027 43 1,016 33 Commercial & agricultural 78 78 4 100 8 88 7 Consumer & other — — — 2 1 1 1 Total $ 14,036 $ 14,334 $ 587 $ 14,718 $ 283 $ 14,467 $ 157 1 Recorded investment is the loan balance, net of any charge-offs Unpaid Average Interest Recorded Principal Related Recorded Income (dollars in thousands) Investment 1 Balance Allowance Investment Recognized 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 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, The following table sets forth information with respect to the Bank’s troubled debt restructurings as of June 30, 2017 and June 30, 2016: For the Six Months Ended June 30, 2017 TDRs identified in the last twelve (dollars in thousands) TDRs identified during the period months that subsequently defaulted (1) Pre- Post- Pre- Post- modification modification modification modification Number outstanding outstanding Number outstanding outstanding of recorded recorded of recorded recorded contracts investment investment contracts investment investment Land development & other land — $ — $ — — $ — $ — Farmland 2 298 298 — — — 1-4 1 48 48 — — — Commercial mortgage — — — — — — Commercial & agricultural — — — — — — Consumer & other — — — — — — Total 3 $ 346 $ 346 — $ — $ — During the six months ended June 30, 2017, three loans were modified that were considered to be TDRs. Term concessions only were granted and no additional funds were advanced. No TDRs identified in the last twelve months subsequently defaulted in the quarter ended June 30, 2017. (1) Loans past due 30 days or more are considered to be in default. For the Three Months Ended June 30, 2017 TDRs identified in the last twelve (dollars in thousands) TDRs identified during the period months that subsequently defaulted (1) Pre- Post- Pre- Post- modification modification modification modification Number outstanding outstanding Number outstanding outstanding of recorded recorded of recorded recorded contracts investment investment contracts investment investment Land development & other land — $ — $ — — $ — $ — Farmland — — — — — — 1-4 1 48 48 — — — Commercial mortgage — — — — — — Commercial & agricultural — — — — — — Consumer & other — — — — — — Total 1 $ 48 $ 48 — $ — $ — During the quarter ended June 30, 2017, one loan was modified that was considered to be a TDR. Term concession was granted for the one loan and no additional funds were advanced. (1) Loans past due 30 days or more are considered to be in default. For the Six Months Ended June 30, 2016 TDRs identified in the last twelve (dollars in thousands) TDRs identified during the period months that subsequently defaulted (1) Pre- Post- Pre- Post- modification modification modification modification Number outstanding outstanding Number outstanding outstanding of recorded recorded of recorded recorded contracts investment investment contracts investment investment Land development & other land — $ — $ — — $ — $ — Farmland — — — — — — 1-4 5 565 588 — — — Commercial mortgage — — — — — — Commercial & agricultural — — — — — — Consumer & other — — — — — — Total 5 $ 565 $ 588 — $ — $ — During the six months ended June 30, 2016, five loans were modified that were considered to be TDRs. Term concessions only were granted for five loans; and additional funds were advanced on two loans to pay real estate taxes and closing costs. No TDRs identified in twelve months prior to June 30, 2016 subsequently defaulted in the quarter ended June 30, 2016. (1) Loans past due 30 days or more are considered to be in default. For the Three Months Ended June 30, 2016 TDRs identified in the last twelve (dollars in thousands) TDRs identified during the period months that subsequently defaulted (1) Pre- Post- Pre- Post- modification modification modification modification Number outstanding outstanding Number outstanding outstanding of recorded recorded of recorded recorded contracts investment investment contracts investment investment Land development & other land — $ — $ — — $ — $ — Farmland — — — — — — 1-4 1 171 180 — — — Commercial mortgage — — — — — — Commercial & agricultural — — — — — — Consumer & other — — — — — — Total 1 $ 171 $ 180 — $ — $ — During the quarter ended June 30, 2016, one loan was modified that was considered to be a TDR. Term concession was granted for the one loan and additional funds were advanced to pay taxes and closing cost. (1) Loans past due 30 days or more are considered to be in default.

Employee Benefit Plan

Employee Benefit Plan	6 Months Ended
	Jun. 30, 2017
Retirement Benefits [Abstract]
Employee Benefit Plan	Note 6. Employee Benefit Plan The Bank has a qualified noncontributory defined benefit pension plan that covers substantially all of its employees. Effective December 31, 2012, the pension plan was amended to freeze benefit accruals for all eligible employees. The following is a summary of net periodic pension costs for the six-month Six Months Ended June 30, Three Months Ended June 30, (dollars in thousands) 2017 2016 2017 2016 Service cost $ — $ — $ — $ — Interest cost 96 98 48 49 Expected return on plan assets (276 ) (280 ) (138 ) (140 ) Amortization of prior service cost — — — — Recognized net loss due to settlement — 28 — 14 Recognized net actuarial (gain)/loss 14 6 7 3 Net periodic benefit cost $ (166 ) $ (148 ) $ (83 ) $ (74 ) It has been Bank practice to contribute the maximum tax-deductible

Commitments and Contingencies

Commitments and Contingencies	6 Months Ended
	Jun. 30, 2017
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	Note 7. 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 June 30, December 31, (dollars in thousands) 2017 2016 Commitments to extend credit $ 48,774 $ 54,667 Standby letters of credit 982 — $ 49,756 $ 54,667 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.

Financial Instruments

Financial Instruments	6 Months Ended
	Jun. 30, 2017
Investments, All Other Investments [Abstract]
Financial Instruments	Note 8. 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 June 30, 2017 and December 31, 2016. 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 Active Markets for Identical Assets or Liabilities (Level 1) Significant Other Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) June 30, 2017 Financial Instruments - Assets Net Loans $ 417,018 $ 414,405 $ — $ 413,949 $ 456 Financial Instruments – Liabilities Time Deposits 159,755 157,615 — 157,615 — 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 — 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 June 30, 2017, 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. 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 June 30, 2017 Investment securities available for sale Government sponsored enterprises $ 2,085 $ — $ 2,085 $ — Mortgage-backed securities 34,275 — 34,275 — Corporate securities 2,988 — 2,988 — State and municipal securities 20,254 — 20,254 — Total assets at fair value $ 59,602 $ — $ 59,602 $ — 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 $ — No liabilities were recorded at fair value on a recurring basis as of June 30, 2017 and December 31, 2016. There were no significant transfers between levels during the years ended June 30, 2017 and December 31, 2016. 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 June 30, 2017 and December 31, 2016. Assets measured at fair value on a nonrecurring basis are included in the table below. Total Level 1 Level 2 Level 3 June 30, 2017 (dollars in thousands) Impaired loans $ 456 $ — $ — $ 456 Foreclosed assets 60 — — 60 Total assets at fair value $ 516 $ — $ — $ 516 Total Level 1 Level 2 Level 3 December 31, 2016 (dollars in thousands) Impaired loans $ 466 $ — $ — $ 466 Foreclosed assets 70 — — 70 Total assets at fair value $ 536 $ — $ — $ 536 For Level 3 assets measured at fair value on a recurring or non-recurring basis as of June 30, 2017 and December 31, 2016, the significant unobservable inputs used in the fair value measurements were as follows: Fair Value at Fair Value at Valuation Technique Significant Unobservable Inputs General Range Impaired Loans $ 456 $ 466 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 $ 60 $ 70 Appraised Value/Comparable Sales/Other Estimates from Independent Sources Discounts to reflect current market conditions and estimated costs to sell 0 – 10%

Intangible Assets

Intangible Assets	6 Months Ended
	Jun. 30, 2017
Goodwill and Intangible Assets Disclosure [Abstract]
Intangible Assets	Note 9. Intangible Assets The following table presents the gross carrying amount and accumulated amortization for the Company’s core deposit intangible assets, which are the only identifiable intangible assets subject to amortization. Core deposit intangibles at June 30, 2017 and December 31, 2016 is as follows: (dollars in thousands) June 30, December 31, Gross carrying amount $ 2,469 $ 2,469 Accumulated amortization 284 142 Net book value $ 2,185 $ 2,327

Capital Requirements

Capital Requirements	6 Months Ended
	Jun. 30, 2017
Banking and Thrift [Abstract]
Capital Requirements	Note 10. Capital Requirements The Company meets eligibility criteria of a small bank holding company in accordance with the Federal Reserve Board’s Small Bank Holding Company Policy Statement issued in February 2015, and is no longer obligated to report consolidated regulatory capital. The Bank’s actual capital amounts and ratios are presented in the following table as of June 30, 2017 and December 31, 2016, respectively. These ratios comply with Federal Reserve rules to align with the Basel III Capital requirements effective January 1, 2015. Actual For Capital To Be Well- Amount Ratio Amount Ratio Amount Ratio June 30, 2017 Total capital (to risk weighted assets) $ 55,028 13.05 % $ 33,726 8.00 % $ 42,157 10.00 % Tier 1 Capital (to risk weighted assets) $ 51,397 12.19 % $ 25,294 6.00 % $ 33,726 8.00 % Common Equity Tier 1 (to risk weighted assets) $ 51,397 12.19 % $ 18,971 4.50 % $ 27,402 6.50 % Tier 1 Capital (to average total assets) $ 51,397 9.38 % $ 21,921 4.00 % $ 27,401 5.0 % December 31, 2016 Total capital (to risk weighted assets) $ 53,657 12.72 % $ 33,744 8.00 % $ 42,180 10.00 % Tier 1 Capital (to risk weighted assets) $ 50,111 11.88 % $ 25,308 6.00 % $ 33,744 8.00 % Common Equity Tier 1 (to risk weighted assets) $ 50,111 11.88 % $ 18,981 4.50 % $ 27,417 6.50 % Tier 1 Capital (to average total assets) $ 50,111 9.01 % $ 22,242 4.00 % $ 27,803 5.00 %

Subsequent Events

Subsequent Events	6 Months Ended
	Jun. 30, 2017
Subsequent Events [Abstract]
Subsequent Events	Note 11. Subsequent Events 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 S20

Organization and Summary of Significant Accounting Policies (Policies)	6 Months Ended
	Jun. 30, 2017
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 collectability 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. The Company does not currently hold any securities classified as held 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 – 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 thereof, 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 collectability 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 loans. Troubled debt restructured loans are maintained in nonaccrual status until they have been performing in accordance with modified terms for a period of at least six months.
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 And (Losses) On Available for Sale Securities Defined Benefit Pension Items Total Balance, December 31, 2015 $ (116 ) $ (608 ) $ (724 ) Other comprehensive gain before reclassifications 763 — 763 Amounts reclassified from accumulated other comprehensive gain (240 ) — (240 ) Balance June 30, 2016 $ 407 $ (608 ) $ (201 ) Balance, December 31, 2016 $ (574 ) $ (780 ) $ (1,354 ) Other comprehensive gain before reclassifications 657 — 657 Amounts reclassified from accumulated other comprehensive gain (75 ) — (75 ) Balance June 30, 2017 $ 8 $ (780 ) $ (772 )
Off-Balance Sheet Credit Related Financial Instruments	Off-Balance Sheet Credit Related Financial Instruments 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 8. 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 income 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 August 2015, the FASB deferred the effective date of ASU 2014-09, 2014-09 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 applied the guidance prospectively. These amendments did not have a material effect on the Company’s consolidated financial statements. 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. 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. 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 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 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. In January 2017, the FASB issued guidance to clarify the definition of a business with the objective of adding guidance to assist entities with evaluating whether transactions should be accounted for as acquisitions (or disposals) of assets or businesses. The amendment to the Business Combinations Topic is intended to address concerns that the existing definition of a business has been applied too broadly and has resulted in many transactions being recorded as business acquisitions that in substance are more akin to asset acquisitions. The guidance will be effective for the Company for reporting periods beginning after December 15, 2017. In January 2017, the FASB updated the Accounting Changes and Error Corrections and the Investments—Equity Method and Joint Ventures Topics of the Accounting Standards Codification. The ASU incorporates into the Accounting Standards Codification recent SEC guidance about disclosing, under SEC SAB Topic 11.M, the effect on financial statements of adopting the revenue, leases, and credit losses standards. The ASU was effective upon issuance. The Company is currently evaluating the impact on additional disclosure requirements as each of the standards is adopted, however it does not expect these amendments to have a material effect on its financial position, results of operations or cash flows. In January 2017, the FASB amended the Goodwill and Other Topic of the Accounting Standards Codification to simplify the accounting for goodwill impairment for public business entities and other entities that have goodwill reported in their financial statements and have not elected the private company alternative for the subsequent measurement of goodwill. The amendment removes Step 2 of the goodwill impairment test. A goodwill impairment will now be the amount by which a reporting unit’s carrying value exceeds its fair value, not to exceed the carrying amount of goodwill. The effective date and transition requirements for the technical corrections will be effective for the Company for reporting periods beginning after December 15, 2019 . In February 2017, the FASB amended the Other Income Topic of the Accounting Standards Codification to clarify the scope of the guidance on nonfinancial asset derecognition as well as the accounting for partial sales of nonfinancial assets. The amendments conform the derecognition guidance on nonfinancial assets with the model for transactions in the new revenue standard. The amendments will be effective for the Company for reporting periods beginning after December 15, 2017. In March 2017, the FASB amended the requirements in the Compensation—Retirement Benefits Topic of the Accounting Standards Codification related to the income statement presentation of the components of net periodic benefit cost for an entity’s sponsored defined benefit pension and other postretirement plans. The amendments will be effective for the Company for interim and annual periods beginning after December 15, 2017 . In March 2017, the FASB amended the requirements in the Receivables—Nonrefundable Fees and Other Costs Topic of the Accounting Standards Codification related to the amortization period for certain purchased callable debt securities held at a premium. The amendments shorten the amortization period for the premium to the earliest call date. The amendments will be effective for the Company for interim and annual periods beginning after December 15, 2018. Early adoption is permitted. 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 S21

Organization and Summary of Significant Accounting Policies (Tables)	6 Months Ended
	Jun. 30, 2017
Accounting Policies [Abstract]
Property and Equipment, Estimated Useful Lives	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
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 And (Losses) On Available for Sale Securities Defined Benefit Pension Items Total Balance, December 31, 2015 $ (116 ) $ (608 ) $ (724 ) Other comprehensive gain before reclassifications 763 — 763 Amounts reclassified from accumulated other comprehensive gain (240 ) — (240 ) Balance June 30, 2016 $ 407 $ (608 ) $ (201 ) Balance, December 31, 2016 $ (574 ) $ (780 ) $ (1,354 ) Other comprehensive gain before reclassifications 657 — 657 Amounts reclassified from accumulated other comprehensive gain (75 ) — (75 ) Balance June 30, 2017 $ 8 $ (780 ) $ (772 )

Business Combinations (Tables)

Business Combinations (Tables)	6 Months Ended
	Jun. 30, 2017
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 Stockholders’ 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, 2016. 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 Pre-tax six-month pre-tax Three Months Ended June 30, 2017 2016 (unaudited) (unaudited) Net interest income $ 5,119 $ 4,795 Net income (a) $ 780 $ 860 Basic weighted average shares outstanding (b) 5,021,376 5,021,376 Basic earnings per common share $ 0.16 $ 0.17 Six Months ended June 30, 2017 2016 (Unaudited) (Unaudited) Net interest income $ 10,156 $ 9,760 Net income (a) $ 1,427 $ 1,749 Basic weighted average shares outstanding (b) 5,021,376 5,021,376 Basic earnings per common share $ 0.28 $ 0.35 (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 Cardinal Fair Value Adjustments As Reported by Parkway 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)	6 Months Ended
	Jun. 30, 2017
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 June 30, 2017 and December 31, 2016 follow: (dollars in thousands) Amortized Unrealized Unrealized Fair June 30, 2017 Available for sale: Government sponsored enterprises $ 2,022 $ 82 $ (19 ) $ 2,085 Mortgage-backed securities 34,489 67 (281 ) 34,275 Corporate securities 3,038 23 (73 ) 2,988 State and municipal securities 20,041 264 (51 ) 20,254 $ 59,590 $ 436 $ (424 ) $ 59,602 December 31, 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
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 June 30, 2017 and December 31, 2016. Less Than 12 Months 12 Months or More Total (dollars in thousands) Fair Value Unrealized Fair Unrealized Losses Fair Value Unrealized Losses June 30, 2017 Available for sale: Government sponsored enterprises $ — $ — $ 1,978 $ (19 ) $ 1,978 $ (19 ) Mortgage-backed securities 22,924 (265 ) 653 (16 ) 23,577 (281 ) Corporate securities — — 1,427 (73 ) 1,427 (73 ) State and municipal securities 3,598 (51 ) — — 3,598 (51 ) Total securities available for sale $ 26,522 $ (316 ) $ 4,058 $ (108 ) $ 30,580 $ (424 ) December 31, 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 )
Gross Realized Gains and Losses on Sale of Investment Securities	Gross realized gains and losses for the six-month Six Months Ended June 30, Three Months Ended June 30, (dollars in thousands) 2017 2016 2017 2016 Realized gains $ 113 $ 364 $ 113 3 Realized losses — — — — $ 113 $ 364 $ 113 $ 3
Scheduled Maturities of Securities Available for Sale	The scheduled maturities of securities available for sale at June 30, 2017, were as follows: (dollars in thousands) Amortized Fair Due in one year or less $ 531 $ 534 Due after one year through five years 10,822 10,862 Due after five years through ten years 22,055 21,924 Due after ten years 26,182 26,282 $ 59,590 $ 59,602

Loans Receivable (Tables)

Loans Receivable (Tables)	6 Months Ended
	Jun. 30, 2017
Receivables [Abstract]
Major Components of Loans in Consolidated Balance Sheets	The major components of loans in the consolidated balance sheets at June 30, 2017 and December 31, 2016 are as follows: (dollars in thousands) 2017 2016 Commercial & agricultural $ 28,232 $ 26,086 Commercial mortgage 123,408 128,515 Construction & development 29,816 26,464 Farmland 34,326 33,531 Residential 192,947 187,188 Consumer & other 11,857 10,184 Total loans 420,586 411,968 Allowance for loan losses (3,568 ) (3,420 ) Loans, net of allowance for loan losses $ 417,018 $ 408,548
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 and25

Allowance for Loan Losses and Impaired Loans (Tables)	6 Months Ended
	Jun. 30, 2017
Receivables [Abstract]
Allowance for Loan Losses and Recorded Investment in Loans	The following table presents activity in the allowance for loan losses by loan category three months ended June 30, 2017 and 2016 and the related asset balances as of June 30, 2017 and December 31, 2016: Allowance for Loan Losses and Recorded Investment in Loans (dollars in thousands) Commercial Commercial Construction Farmland Residential Consumer Total For the Three Months Ended June 30, 2017 Allowance for loan losses: Balance, March 31, 2017 $ 230 $ 644 $ 349 $ 401 $ 1,880 $ 72 $ 3,576 Charge-offs (27 ) — — — (13 ) (23 ) (63 ) Recoveries 2 — — — — 3 5 Provision 9 (24 ) (20 ) (8 ) 71 22 50 Balance, June 30, 2017 $ 214 $ 620 $ 329 $ 393 $ 1,938 $ 74 $ 3,568 For the Three Months Ended June 30, 2016 Allowance for loan losses Balance, March 31, 2016 $ 130 $ 587 $ 335 $ 403 $ 1,816 $ 41 $ 3,312 Charge-offs — — — — (3 ) (14 ) (17 ) Recoveries 2 — 10 — 1 9 22 Provision 56 (16 ) (77 ) 119 (97 ) 7 (8 ) Balance, June 30, 2016 $ 188 $ 571 $ 268 $ 522 $ 1,717 $ 43 $ 3,309 For the Six Months Ended June 30, 2017 Allowance for loan losses: Balance, December 31, 2016 $ 210 $ 600 $ 319 $ 342 $ 1,841 $ 108 $ 3,420 Charge-offs (27 ) (42 ) — — (13 ) (38 ) (120 ) Recoveries 29 — 56 — 15 10 110 Provision 2 62 (46 ) 51 95 (6 ) 158 Balance, June 30, 2017 $ 214 $ 620 $ 329 $ 393 $ 1,938 $ 74 $ 3,568 For the Six Months Ended June 30, 2016 Allowance for loan losses: Balance, December 31, 2015 $ 136 $ 578 $ 344 $ 435 $ 1,887 $ 38 $ 3,418 Charge-offs (19 ) (11 ) — — (25 ) (36 ) (91 ) Recoveries 4 — 44 — 15 14 77 Provision 67 4 (120 ) 87 (160 ) 27 (95 ) Balance, June 30, 2016 $ 188 $ 571 $ 268 $ 522 $ 1,717 $ 43 $ 3,309 June 30, 2017 Allowance for loan losses: Ending balance $ 214 $ 620 $ 329 $ 393 $ 1,938 $ 74 $ 3,568 Ending balance: individually evaluated for impairment $ — $ — $ — $ 73 $ 163 $ — $ 236 Ending balance: collectively evaluated for impairment $ 214 $ 620 $ 329 $ 320 $ 1,775 $ 74 $ 3,332 Loans outstanding: Ending balance $ 28,232 $ 123,408 $ 29,816 $ 34,326 $ 192,947 $ 11,857 $ 420,586 Ending balance: individually evaluated for impairment $ — $ 113 $ 385 $ 5,612 $ 1,570 $ — $ 7,680 Ending balance: collectively evaluated for impairment $ 28,232 $ 123,295 $ 29,431 $ 28,714 $ 191,377 $ 11,857 $ 412,906 December 31, 2016 Allowance for loan losses: 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
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 June 30, 2017 and December 31, 2016: Credit Risk Profile by Internally Assigned Grades Loan Grades (dollars in thousands) Pass Watch Special Substandard Total June 30, 2017 Real Estate Secured: 1-4 $ 5,187 $ 98 $ — $ — $ 5,285 Commercial construction 4,539 125 — — 4,664 Land development & other land 18,979 346 — 542 19,867 Farmland 24,036 5,566 666 4,058 34,326 1-4 124,430 11,441 26 2,692 138,589 Multifamily 27,273 1,304 — — 28,577 Home equity and second mortgage 24,595 952 — 234 25,781 Commercial mortgage 104,633 12,592 680 5,503 123,408 Non-Real Commercial & agricultural 25,284 2,125 466 357 28,232 Civic organizations 4,516 — — — 4,516 Consumer-auto 1,679 36 — — 1,715 Consumer-other 5,459 167 — — 5,626 Total $ 370,610 $ 34,752 $ 1,838 $ 13,386 $ 420,586 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
Analysis of Past Due and Nonaccrual Loans	The following table presents an age analysis of nonaccrual and past due loans by category as of June 30, 2017 and December 31, 2016: 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 Due Total Past Due Current Total 90+ Days Nonaccrual Loans June 30, 2017 Real Estate Secured: 1-4 $ — $ — $ — $ — $ 5,285 $ 5,285 $ — $ — Commercial construction — — — — 4,664 4,664 — — Land development & other land 249 — 385 634 19,233 19,867 — 609 Farmland — — 969 969 33,357 34,326 — 4,212 1-4 401 366 293 1,060 137,529 138,589 — 491 Multifamily — — — — 28,577 28,577 — — Home equity and second mortgage 59 — 130 189 25,592 25,781 — 130 Commercial mortgage — — 204 204 123,204 123,408 — 213 Non-Real Commercial & agricultural — 103 31 134 28,098 28,232 — 107 Civic organizations — — — — 4,516 4,516 — — Consumer-auto — — — — 1,715 1,715 — — Consumer-other — — — — 5,626 5,626 — — Total $ 709 $ 469 $ 2,012 $ 3,190 $ 417,396 $ 420,586 $ — $ 5,762 (dollars in thousands) 30-59 Days Past Due 60-89 Days Past Due 90 Days or More Past Total Past Due Current Total 90+ Days Nonaccrual Loans 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
Impaired Loans	The following table is a summary of information related to impaired loans as of June 30, 2017 and December 31, 2016: Impaired Loans Six months ended Three months ended Unpaid Average Interest Average Interest Recorded Principal Related Recorded Income Recorded Income (dollars in thousands) Investment 1 Balance Allowance Investment Recognized Investment Recognized June 30, 2017 With no related allowance recorded: 1-4 $ — $ — $ — $ — $ — $ — $ — Land development & other land 385 385 — 387 — 385 — Farmland 3,695 3,695 — 3,708 — 3,695 — 1-4 175 175 — 175 5 175 2 Home equity and second mortgage 125 125 — 125 2 125 2 Commercial mortgage 113 113 — 114 — 113 — Commercial & agricultural — — — — — — — Consumer & other — — — — 1 — 1 Subtotal 4,493 4,493 — 4,509 8 4,493 5 With an allowance recorded: 1-4 — — — — — — — Land development & other land 410 410 23 423 7 410 3 Farmland 2,361 2,361 98 2,493 65 2,362 34 1-4 5,883 6,040 418 6,100 148 6,033 73 Home equity and second mortgage 172 177 9 178 4 177 2 Commercial mortgage 639 775 35 913 43 903 33 Commercial & agricultural 78 78 4 100 8 88 7 Consumer & other — — — 2 — 1 — Subtotal 9,543 9,841 587 10,209 275 9,974 152 Totals: 1-4 — — — — — — — Land development & other land 795 795 23 810 7 795 3 Farmland 6,056 6,056 98 6,201 65 6,057 34 1-4 6,058 6,215 418 6,275 153 6,208 75 Home equity and second mortgage 297 302 9 303 6 302 4 Commercial mortgage 752 888 35 1,027 43 1,016 33 Commercial & agricultural 78 78 4 100 8 88 7 Consumer & other — — — 2 1 1 1 Total $ 14,036 $ 14,334 $ 587 $ 14,718 $ 283 $ 14,467 $ 157 1 Recorded investment is the loan balance, net of any charge-offs Unpaid Average Interest Recorded Principal Related Recorded Income (dollars in thousands) Investment 1 Balance Allowance Investment Recognized 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 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 June 30, 2017 and June 30, 2016: For the Six Months Ended June 30, 2017 TDRs identified in the last twelve (dollars in thousands) TDRs identified during the period months that subsequently defaulted (1) Pre- Post- Pre- Post- modification modification modification modification Number outstanding outstanding Number outstanding outstanding of recorded recorded of recorded recorded contracts investment investment contracts investment investment Land development & other land — $ — $ — — $ — $ — Farmland 2 298 298 — — — 1-4 1 48 48 — — — Commercial mortgage — — — — — — Commercial & agricultural — — — — — — Consumer & other — — — — — — Total 3 $ 346 $ 346 — $ — $ — During the six months ended June 30, 2017, three loans were modified that were considered to be TDRs. Term concessions only were granted and no additional funds were advanced. No TDRs identified in the last twelve months subsequently defaulted in the quarter ended June 30, 2017. (1) Loans past due 30 days or more are considered to be in default. For the Three Months Ended June 30, 2017 TDRs identified in the last twelve (dollars in thousands) TDRs identified during the period months that subsequently defaulted (1) Pre- Post- Pre- Post- modification modification modification modification Number outstanding outstanding Number outstanding outstanding of recorded recorded of recorded recorded contracts investment investment contracts investment investment Land development & other land — $ — $ — — $ — $ — Farmland — — — — — — 1-4 1 48 48 — — — Commercial mortgage — — — — — — Commercial & agricultural — — — — — — Consumer & other — — — — — — Total 1 $ 48 $ 48 — $ — $ — During the quarter ended June 30, 2017, one loan was modified that was considered to be a TDR. Term concession was granted for the one loan and no additional funds were advanced. (1) Loans past due 30 days or more are considered to be in default. For the Six Months Ended June 30, 2016 TDRs identified in the last twelve (dollars in thousands) TDRs identified during the period months that subsequently defaulted (1) Pre- Post- Pre- Post- modification modification modification modification Number outstanding outstanding Number outstanding outstanding of recorded recorded of recorded recorded contracts investment investment contracts investment investment Land development & other land — $ — $ — — $ — $ — Farmland — — — — — — 1-4 5 565 588 — — — Commercial mortgage — — — — — — Commercial & agricultural — — — — — — Consumer & other — — — — — — Total 5 $ 565 $ 588 — $ — $ — During the six months ended June 30, 2016, five loans were modified that were considered to be TDRs. Term concessions only were granted for five loans; and additional funds were advanced on two loans to pay real estate taxes and closing costs. No TDRs identified in twelve months prior to June 30, 2016 subsequently defaulted in the quarter ended June 30, 2016. (1) Loans past due 30 days or more are considered to be in default. For the Three Months Ended June 30, 2016 TDRs identified in the last twelve (dollars in thousands) TDRs identified during the period months that subsequently defaulted (1) Pre- Post- Pre- Post- modification modification modification modification Number outstanding outstanding Number outstanding outstanding of recorded recorded of recorded recorded contracts investment investment contracts investment investment Land development & other land — $ — $ — — $ — $ — Farmland — — — — — — 1-4 1 171 180 — — — Commercial mortgage — — — — — — Commercial & agricultural — — — — — — Consumer & other — — — — — — Total 1 $ 171 $ 180 — $ — $ — During the quarter ended June 30, 2016, one loan was modified that was considered to be a TDR. Term concession was granted for the one loan and additional funds were advanced to pay taxes and closing cost. (1) Loans past due 30 days or more are considered to be in default.

Employee Benefit Plan (Tables)

Employee Benefit Plan (Tables)	6 Months Ended
	Jun. 30, 2017
Retirement Benefits [Abstract]
Components of Net Periodic Pension Cost	The following is a summary of net periodic pension costs for the six-month Six Months Ended June 30, Three Months Ended June 30, (dollars in thousands) 2017 2016 2017 2016 Service cost $ — $ — $ — $ — Interest cost 96 98 48 49 Expected return on plan assets (276 ) (280 ) (138 ) (140 ) Amortization of prior service cost — — — — Recognized net loss due to settlement — 28 — 14 Recognized net actuarial (gain)/loss 14 6 7 3 Net periodic benefit cost $ (166 ) $ (148 ) $ (83 ) $ (74 )

Commitments and Contingencies (

Commitments and Contingencies (Tables)	6 Months Ended
	Jun. 30, 2017
Commitments and Contingencies Disclosure [Abstract]
Summary of Bank's Commitments	A summary of the Bank’s commitments at June 30, 2017 and December 31, 2016 is as follows: June 30, December 31, (dollars in thousands) 2017 2016 Commitments to extend credit $ 48,774 $ 54,667 Standby letters of credit 982 — $ 49,756 $ 54,667

Financial Instruments (Tables)

Financial Instruments (Tables)	6 Months Ended
	Jun. 30, 2017
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 June 30, 2017 and December 31, 2016. 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 Active Markets for Identical Assets or Liabilities (Level 1) Significant Other Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) June 30, 2017 Financial Instruments - Assets Net Loans $ 417,018 $ 414,405 $ — $ 413,949 $ 456 Financial Instruments – Liabilities Time Deposits 159,755 157,615 — 157,615 — 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 —
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 June 30, 2017 Investment securities available for sale Government sponsored enterprises $ 2,085 $ — $ 2,085 $ — Mortgage-backed securities 34,275 — 34,275 — Corporate securities 2,988 — 2,988 — State and municipal securities 20,254 — 20,254 — Total assets at fair value $ 59,602 $ — $ 59,602 $ — 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 $ —
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 June 30, 2017 (dollars in thousands) Impaired loans $ 456 $ — $ — $ 456 Foreclosed assets 60 — — 60 Total assets at fair value $ 516 $ — $ — $ 516 Total Level 1 Level 2 Level 3 December 31, 2016 (dollars in thousands) Impaired loans $ 466 $ — $ — $ 466 Foreclosed assets 70 — — 70 Total assets at fair value $ 536 $ — $ — $ 536
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 basis as of June 30, 2017 and December 31, 2016, the significant unobservable inputs used in the fair value measurements were as follows: Fair Value at Fair Value at Valuation Technique Significant Unobservable Inputs General Range Impaired Loans $ 456 $ 466 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 $ 60 $ 70 Appraised Value/Comparable Sales/Other Estimates from Independent Sources Discounts to reflect current market conditions and estimated costs to sell 0 – 10%

Intangible Assets (Tables)

Intangible Assets (Tables)	6 Months Ended
	Jun. 30, 2017
Goodwill and Intangible Assets Disclosure [Abstract]
Schedule of Core Deposit Intangible Assets	The following table presents the gross carrying amount and accumulated amortization for the Company’s core deposit intangible assets, which are the only identifiable intangible assets subject to amortization. Core deposit intangibles at June 30, 2017 and December 31, 2016 is as follows: (dollars in thousands) June 30, December 31, Gross carrying amount $ 2,469 $ 2,469 Accumulated amortization 284 142 Net book value $ 2,185 $ 2,327

Capital Requirements (Tables)

Capital Requirements (Tables)	6 Months Ended
	Jun. 30, 2017
Banking and Thrift [Abstract]
Capital Requirements Actual Capital Amounts and Ratios	The Bank’s actual capital amounts and ratios are presented in the following table as of June 30, 2017 and December 31, 2016, respectively. These ratios comply with Federal Reserve rules to align with the Basel III Capital requirements effective January 1, 2015. Actual For Capital To Be Well- Amount Ratio Amount Ratio Amount Ratio June 30, 2017 Total capital (to risk weighted assets) $ 55,028 13.05 % $ 33,726 8.00 % $ 42,157 10.00 % Tier 1 Capital (to risk weighted assets) $ 51,397 12.19 % $ 25,294 6.00 % $ 33,726 8.00 % Common Equity Tier 1 (to risk weighted assets) $ 51,397 12.19 % $ 18,971 4.50 % $ 27,402 6.50 % Tier 1 Capital (to average total assets) $ 51,397 9.38 % $ 21,921 4.00 % $ 27,401 5.0 % December 31, 2016 Total capital (to risk weighted assets) $ 53,657 12.72 % $ 33,744 8.00 % $ 42,180 10.00 % Tier 1 Capital (to risk weighted assets) $ 50,111 11.88 % $ 25,308 6.00 % $ 33,744 8.00 % Common Equity Tier 1 (to risk weighted assets) $ 50,111 11.88 % $ 18,981 4.50 % $ 27,417 6.50 % Tier 1 Capital (to average total assets) $ 50,111 9.01 % $ 22,242 4.00 % $ 27,803 5.00 %

Organization - Additional Infor

Organization - Additional Information (Detail)	Jul. 01, 2016USD ($)	Jun. 30, 2017USD ($)
Business Acquisition [Line Items]
Date of incorporation		Nov. 2, 2015
Date of merger agreement entered		Nov. 6, 2015
Refinement period		1 year
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)	3 Months Ended
	Mar. 31, 2017
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	6 Months Ended
	Jun. 30, 2017	Jun. 30, 2016
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning balance	$ 55,466	$ 30,656
Ending balance	57,130	31,981
Unrealized Gains And Losses On Available for Sale Securities
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning balance	(574)	(116)
Other comprehensive gain before reclassifications	657	763
Amounts reclassified from accumulated other comprehensive gain	(75)	(240)
Ending balance	8	407
Defined Benefit Pension Items
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning balance	(780)	(608)
Ending balance	(780)	(608)
Accumulated Other Comprehensive Loss
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning balance	(1,354)	(724)
Other comprehensive gain before reclassifications	657	763
Amounts reclassified from accumulated other comprehensive gain	(75)	(240)
Ending balance	$ (772)	$ (201)

Business Combinations - Additio

Business Combinations - Additional Information (Detail) $ in Thousands	Jul. 01, 2016USD ($)	Jun. 30, 2017USD ($)	Jun. 30, 2016USD ($)	Jun. 30, 2017USD ($)	Jun. 30, 2016USD ($)	Dec. 31, 2016USD ($)
Business Acquisition [Line Items]
Pre-tax merger-related costs		$ 327	$ 68	$ 642	$ 236
As Reported by Acquiror
Business Acquisition [Line Items]
Pre-tax merger-related costs		$ 327	$ 68	$ 642	$ 236
Cardinal Bankshares Corporation
Business Acquisition [Line Items]
Exchange ratio	1.30
Bargain purchase gain	$ 891					$ 891
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) - Cardinal Bankshares Corporation - USD ($) $ in Thousands		Jul. 01, 2016	Dec. 31, 2016
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	$ 891
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
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 (Schedu36

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 (Schedu37

Business Combinations (Schedule of Assets and Liabilities) (Detail) - USD ($) $ in Thousands	Jun. 30, 2017	Mar. 31, 2017	Dec. 31, 2016	Jul. 01, 2016	Jun. 30, 2016	Mar. 31, 2016	Dec. 31, 2015
Assets
Cash and cash equivalents	$ 25,435		$ 35,908	$ 24,815	$ 13,117		$ 8,055
Investment securities	59,602		62,540	92,852
Restricted equity securities	1,388		1,149	2,279
Loans	420,586		411,968	402,652
Allowance for loan losses	(3,568)	$ (3,576)	(3,420)	(3,309)	(3,309)	$ (3,312)	(3,418)
Cash value of life insurance	17,126		16,850	16,836
Foreclosed assets	60		70	95
Property and equipment	18,010		17,970	17,971
Goodwill and other intangible assets	2,185		2,327	2,469
Accrued interest receivable	1,665		1,732	1,792
Other assets	6,549		5,890	12,171
Total Assets	553,998		558,856	570,623
Liabilities
Deposits	494,873		499,387	493,538
Borrowings				18,000
Accrued interest payable	41		57	131
Other liabilities	1,954		3,946	2,582
Total Liabilities	496,868		503,390	514,251
Stockholders' Equity	$ 57,130		$ 55,466	56,372	$ 31,981		$ 30,656
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
Stockholders' 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
Stockholders' Equity				$ 24,391

Business Combinations (Suppleme

Business Combinations (Supplemental Pro Forma Information) (Detail) - USD ($) $ / shares in Units, $ in Thousands		3 Months Ended		6 Months Ended
		Jun. 30, 2017	Jun. 30, 2016	Jun. 30, 2017	Jun. 30, 2016
Business Combinations [Abstract]
Net interest income		$ 5,119	$ 4,795	$ 10,156	$ 9,760
Net income	[1]	$ 780	$ 860	$ 1,427	$ 1,749
Basic weighted average shares outstanding	[2]	5,021,376	5,021,376	5,021,376	5,021,376
Basic earnings per common share		$ 0.16	$ 0.17	$ 0.28	$ 0.35
[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.

Investment Securities (Amortize

Investment Securities (Amortized Cost and Aggregate Fair Value of Available for Sale Securities) (Detail) - USD ($) $ in Thousands	Jun. 30, 2017	Dec. 31, 2016	Jul. 01, 2016
Schedule of Available-for-sale Securities [Line Items]
Available for sale, amortized cost	$ 59,590	$ 63,410
Available for sale, unrealized gains	436	337
Available for sale, unrealized losses	(424)	(1,207)
Available for sale, fair value	59,602	62,540	$ 92,852
Government sponsored enterprises
Schedule of Available-for-sale Securities [Line Items]
Available for sale, amortized cost	2,022	2,046
Available for sale, unrealized gains	82	236
Available for sale, unrealized losses	(19)	(73)
Available for sale, fair value	2,085	2,209
Collateralized Mortgage Backed Securities
Schedule of Available-for-sale Securities [Line Items]
Available for sale, amortized cost	34,489	36,021
Available for sale, unrealized gains	67	4
Available for sale, unrealized losses	(281)	(823)
Available for sale, fair value	34,275	35,202
Corporate securities
Schedule of Available-for-sale Securities [Line Items]
Available for sale, amortized cost	3,038	3,061
Available for sale, unrealized gains	23
Available for sale, unrealized losses	(73)	(87)
Available for sale, fair value	2,988	2,974
State and municipal securities
Schedule of Available-for-sale Securities [Line Items]
Available for sale, amortized cost	20,041	22,282
Available for sale, unrealized gains	264	97
Available for sale, unrealized losses	(51)	(224)
Available for sale, fair value	$ 20,254	$ 22,155

Investment Securities - Additio

Investment Securities - Additional Information (Detail)	3 Months Ended		6 Months Ended
	Jun. 30, 2017USD ($)Securities	Jun. 30, 2016USD ($)	Jun. 30, 2017USD ($)Securities	Jun. 30, 2016USD ($)	Dec. 31, 2016USD ($)	Jul. 01, 2016USD ($)
Investments, Debt and Equity Securities [Abstract]
Restricted equity securities	$ 1,388,000		$ 1,388,000		$ 1,149,000	$ 2,279,000
Percentage of debt securities with unrealized losses depreciated	1.37%		1.37%
Number of debt securities | Securities	23		23
Proceeds from sales of investment securities available for sale	$ 662,000	$ 0	$ 662,000	$ 17,900,000
Realized gains	113,000	$ 3,000	113,000	$ 364,000
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	$ 11,300,000		$ 11,300,000		$ 11,200,000

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	Jun. 30, 2017	Dec. 31, 2016
Schedule of Available-for-sale Securities [Line Items]
Less than 12 months, fair value	$ 26,522	$ 45,515
Less than 12 months, unrealized losses	(316)	(1,025)
12 months or more, fair value	4,058	4,037
12 months or more, unrealized losses	(108)	(182)
Total, fair value	30,580	49,552
Total, unrealized losses	(424)	(1,207)
Government sponsored enterprises
Schedule of Available-for-sale Securities [Line Items]
12 months or more, fair value	1,978	1,924
12 months or more, unrealized losses	(19)	(73)
Total, fair value	1,978	1,924
Total, unrealized losses	(19)	(73)
Collateralized Mortgage Backed Securities
Schedule of Available-for-sale Securities [Line Items]
Less than 12 months, fair value	22,924	31,759
Less than 12 months, unrealized losses	(265)	(789)
12 months or more, fair value	653	688
12 months or more, unrealized losses	(16)	(34)
Total, fair value	23,577	32,447
Total, unrealized losses	(281)	(823)
Corporate securities
Schedule of Available-for-sale Securities [Line Items]
Less than 12 months, fair value		1,548
Less than 12 months, unrealized losses		(12)
12 months or more, fair value	1,427	1,425
12 months or more, unrealized losses	(73)	(75)
Total, fair value	1,427	2,973
Total, unrealized losses	(73)	(87)
State and municipal securities
Schedule of Available-for-sale Securities [Line Items]
Less than 12 months, fair value	3,598	12,208
Less than 12 months, unrealized losses	(51)	(224)
Total, fair value	3,598	12,208
Total, unrealized losses	$ (51)	$ (224)

Investment Securities (Gross Re

Investment Securities (Gross Realized Gains and Losses on Sale of Investment Securities) (Detail) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2017	Jun. 30, 2016	Jun. 30, 2017	Jun. 30, 2016
Investments, Debt and Equity Securities [Abstract]
Realized gains	$ 113	$ 3	$ 113	$ 364
Realized losses	0	0	0	0
Net realized gains on securities	$ 113	$ 3	$ 113	$ 364

Investment Securities (Schedule

Investment Securities (Scheduled Maturities of Securities Available for Sale) (Detail) $ in Thousands	Jun. 30, 2017USD ($)
Available for sale securities, amortized cost
Due in one year or less, amortized cost	$ 531
Due after one year through five years, amortized cost	10,822
Due after five years through ten years, amortized cost	22,055
Due after ten years, amortized cost	26,182
Available for sale securities, amortized cost	59,590
Available for sale securities, fair value
Due in one year or less, fair value	534
Due after one year through five years, fair value	10,862
Due after five years through ten years, fair value	21,924
Due after ten years, fair value	26,282
Available for sale securities, fair value	$ 59,602

Major Components of Loans in Co

Major Components of Loans in Consolidated Balance Sheets (Detail) - USD ($) $ in Thousands	Jun. 30, 2017	Mar. 31, 2017	Dec. 31, 2016	Jul. 01, 2016	Jun. 30, 2016	Mar. 31, 2016	Dec. 31, 2015
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans	$ 420,586		$ 411,968	$ 402,652
Allowance for loan losses	(3,568)	$ (3,576)	(3,420)	$ (3,309)	$ (3,309)	$ (3,312)	$ (3,418)
Loans, net of allowance for loan losses	417,018		408,548
Commercial & agricultural
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans	28,232		26,086
Allowance for loan losses	(214)	(230)	(210)		(188)	(130)	(136)
Commercial Mortgage
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans	123,408		128,515
Construction & Development
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans	29,816		26,464
Farmland
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans	34,326		33,531
Allowance for loan losses	(393)	(401)	(342)		(522)	(403)	(435)
Residential
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans	192,947		187,188
Allowance for loan losses	(1,938)	(1,880)	(1,841)		(1,717)	(1,816)	(1,887)
Consumer & Other
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans	11,857		10,184
Allowance for loan losses	$ (74)	$ (72)	$ (108)		$ (43)	$ (41)	$ (38)

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) - USD ($)		Jun. 30, 2017	Dec. 31, 2016	Jul. 01, 2016
Accounts, Notes, Loans and Financing Receivable [Line Items]
Investment in impaired loans	[1]	$ 14,036,000	$ 13,320,000
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 and47

Allowance for Loan Losses and Impaired Loans - Additional Information (Detail)		3 Months Ended		6 Months Ended		12 Months Ended
		Jun. 30, 2017USD ($)Loan	Jun. 30, 2016Loan	Jun. 30, 2017USD ($)Loan	Jun. 30, 2016Loan	Dec. 31, 2016USD ($)	Jul. 01, 2016USD ($)	Dec. 31, 2015USD ($)
Financing Receivable, Allowance for Credit Losses [Line Items]
Total of outstanding loans		$ 420,586,000		$ 420,586,000		$ 411,968,000	$ 402,652,000
Investment in impaired loans	[1]	14,036,000		14,036,000		13,320,000
Investment in impaired loans, with no related allowance	[1]	4,493,000		4,493,000		4,355,000
Troubled debt restructured loans		6,400,000		6,400,000		6,100,000
Troubled debt restructured loans, related allowance		$ 351,000		$ 351,000		315,000
Loans modified that considered to be TDRs | Loan		1	1	3	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		$ 4,700,000		4,700,000		4,000,000
Doubtful
Financing Receivable, Allowance for Credit Losses [Line Items]
Total of outstanding loans		0		0		0
Loss
Financing Receivable, Allowance for Credit Losses [Line Items]
Total of outstanding loans		0		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		$ 9,800,000		$ 9,800,000		$ 10,000,000
Term Concessions Granted Loans
Financing Receivable, Allowance for Credit Losses [Line Items]
Number of loans | Loan		1	1	3	5
Additional Funds Advanced Loans
Financing Receivable, Allowance for Credit Losses [Line Items]
Number of loans | Loan		0	1	0	2
[1]	Recorded investment is the loan balance, net of any charge-offs

Allowance for Loan Losses and48

Allowance for Loan Losses and Impaired Loans (Allowance for Loan Losses and Recorded Investment in Loans) (Detail) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2017	Jun. 30, 2016	Jun. 30, 2017	Jun. 30, 2016	Dec. 31, 2016	Jul. 01, 2016
Allowance for loan losses:
Allowance for loan losses, beginning balance	$ 3,576	$ 3,312	$ 3,420	$ 3,418
Charge-offs	(63)	(17)	(120)	(91)
Recoveries	5	22	110	77
Provision	50	(8)	158	(95)
Allowance for loan losses, ending balance	3,568	3,309	3,568	3,309
Allowance for loan losses, ending balance: individually evaluated for impairment	236		236		$ 241
Allowance for loan losses, ending balance: collectively evaluated for impairment	3,332		3,332		3,179
Loans outstanding, ending balance	420,586		420,586		411,968	$ 402,652
Loans outstanding, ending balance: individually evaluated for impairment	7,680		7,680		7,257
Loans outstanding, ending balance: collectively evaluated for impairment	412,906		412,906		404,711
Commercial & agricultural
Allowance for loan losses:
Allowance for loan losses, beginning balance	230	130	210	136
Charge-offs	(27)		(27)	(19)
Recoveries	2	2	29	4
Provision	9	56	2	67
Allowance for loan losses, ending balance	214	188	214	188
Allowance for loan losses, ending balance: collectively evaluated for impairment	214		214		210
Loans outstanding, ending balance	28,232		28,232		26,086
Loans outstanding, ending balance: collectively evaluated for impairment	28,232		28,232		26,086
Commercial Mortgage
Allowance for loan losses:
Allowance for loan losses, beginning balance	644	587	600	578
Charge-offs			(42)	(11)
Provision	(24)	(16)	62	4
Allowance for loan losses, ending balance	620	571	620	571
Allowance for loan losses, ending balance: collectively evaluated for impairment	620		620		600
Loans outstanding, ending balance	123,408		123,408		128,515
Loans outstanding, ending balance: individually evaluated for impairment	113		113		114
Loans outstanding, ending balance: collectively evaluated for impairment	123,295		123,295		128,401
Construction and Development
Allowance for loan losses:
Allowance for loan losses, beginning balance	349	335	319	344
Recoveries		10	56	44
Provision	(20)	(77)	(46)	(120)
Allowance for loan losses, ending balance	329	268	329	268
Allowance for loan losses, ending balance: collectively evaluated for impairment	329		329		319
Loans outstanding, ending balance	29,816		29,816		26,464
Loans outstanding, ending balance: individually evaluated for impairment	385		385		580
Loans outstanding, ending balance: collectively evaluated for impairment	29,431		29,431		25,884
Farmland
Allowance for loan losses:
Allowance for loan losses, beginning balance	401	403	342	435
Provision	(8)	119	51	87
Allowance for loan losses, ending balance	393	522	393	522
Allowance for loan losses, ending balance: individually evaluated for impairment	73		73		57
Allowance for loan losses, ending balance: collectively evaluated for impairment	320		320		285
Loans outstanding, ending balance	34,326		34,326		33,531
Loans outstanding, ending balance: individually evaluated for impairment	5,612		5,612		5,030
Loans outstanding, ending balance: collectively evaluated for impairment	28,714		28,714		28,501
Residential
Allowance for loan losses:
Allowance for loan losses, beginning balance	1,880	1,816	1,841	1,887
Charge-offs	(13)	(3)	(13)	(25)
Recoveries		1	15	15
Provision	71	(97)	95	(160)
Allowance for loan losses, ending balance	1,938	1,717	1,938	1,717
Allowance for loan losses, ending balance: individually evaluated for impairment	163		163		184
Allowance for loan losses, ending balance: collectively evaluated for impairment	1,775		1,775		1,657
Loans outstanding, ending balance	192,947		192,947		187,188
Loans outstanding, ending balance: individually evaluated for impairment	1,570		1,570		1,533
Loans outstanding, ending balance: collectively evaluated for impairment	191,377		191,377		185,655
Consumer & Other
Allowance for loan losses:
Allowance for loan losses, beginning balance	72	41	108	38
Charge-offs	(23)	(14)	(38)	(36)
Recoveries	3	9	10	14
Provision	22	7	(6)	27
Allowance for loan losses, ending balance	74	$ 43	74	$ 43
Allowance for loan losses, ending balance: collectively evaluated for impairment	74		74		108
Loans outstanding, ending balance	11,857		11,857		10,184
Loans outstanding, ending balance: collectively evaluated for impairment	$ 11,857		$ 11,857		$ 10,184

Allowance for Loan Losses and49

Allowance for Loan Losses and Impaired Loans (Credit Risk Profile by Internally Assigned Grades) (Detail) - USD ($) $ in Thousands	Jun. 30, 2017	Dec. 31, 2016	Jul. 01, 2016
Financing Receivable, Recorded Investment [Line Items]
Total of outstanding loans	$ 420,586	$ 411,968	$ 402,652
Farmland
Financing Receivable, Recorded Investment [Line Items]
Total of outstanding loans	34,326	33,531
Commercial Mortgage
Financing Receivable, Recorded Investment [Line Items]
Total of outstanding loans	123,408	128,515
Commercial & agricultural
Financing Receivable, Recorded Investment [Line Items]
Total of outstanding loans	28,232	26,086
Real Estate Secured | 1-4 residential construction
Financing Receivable, Recorded Investment [Line Items]
Total of outstanding loans	5,285	4,426
Real Estate Secured | Commercial Construction
Financing Receivable, Recorded Investment [Line Items]
Total of outstanding loans	4,664	2,603
Real Estate Secured | Land development & other land
Financing Receivable, Recorded Investment [Line Items]
Total of outstanding loans	19,867	19,435
Real Estate Secured | Farmland
Financing Receivable, Recorded Investment [Line Items]
Total of outstanding loans	34,326	33,531
Real Estate Secured | 1-4 residential mortgage
Financing Receivable, Recorded Investment [Line Items]
Total of outstanding loans	138,589	135,929
Real Estate Secured | Multifamily
Financing Receivable, Recorded Investment [Line Items]
Total of outstanding loans	28,577	26,686
Real Estate Secured | Home equity and second mortgage
Financing Receivable, Recorded Investment [Line Items]
Total of outstanding loans	25,781	24,573
Real Estate Secured | Commercial Mortgage
Financing Receivable, Recorded Investment [Line Items]
Total of outstanding loans	123,408	128,515
Non-Real Estate Secured | Commercial & agricultural
Financing Receivable, Recorded Investment [Line Items]
Total of outstanding loans	28,232	26,086
Non-Real Estate Secured | Civic organizations
Financing Receivable, Recorded Investment [Line Items]
Total of outstanding loans	4,516	3,603
Non-Real Estate Secured | Consumer-auto
Financing Receivable, Recorded Investment [Line Items]
Total of outstanding loans	1,715	1,421
Non-Real Estate Secured | Consumer-other
Financing Receivable, Recorded Investment [Line Items]
Total of outstanding loans	5,626	5,160
Pass
Financing Receivable, Recorded Investment [Line Items]
Total of outstanding loans	370,610	356,799
Pass | Real Estate Secured | 1-4 residential construction
Financing Receivable, Recorded Investment [Line Items]
Total of outstanding loans	5,187	4,056
Pass | Real Estate Secured | Commercial Construction
Financing Receivable, Recorded Investment [Line Items]
Total of outstanding loans	4,539	2,603
Pass | Real Estate Secured | Land development & other land
Financing Receivable, Recorded Investment [Line Items]
Total of outstanding loans	18,979	18,000
Pass | Real Estate Secured | Farmland
Financing Receivable, Recorded Investment [Line Items]
Total of outstanding loans	24,036	23,201
Pass | Real Estate Secured | 1-4 residential mortgage
Financing Receivable, Recorded Investment [Line Items]
Total of outstanding loans	124,430	122,301
Pass | Real Estate Secured | Multifamily
Financing Receivable, Recorded Investment [Line Items]
Total of outstanding loans	27,273	25,365
Pass | Real Estate Secured | Home equity and second mortgage
Financing Receivable, Recorded Investment [Line Items]
Total of outstanding loans	24,595	23,219
Pass | Real Estate Secured | Commercial Mortgage
Financing Receivable, Recorded Investment [Line Items]
Total of outstanding loans	104,633	105,317
Pass | Non-Real Estate Secured | Commercial & agricultural
Financing Receivable, Recorded Investment [Line Items]
Total of outstanding loans	25,284	22,719
Pass | Non-Real Estate Secured | Civic organizations
Financing Receivable, Recorded Investment [Line Items]
Total of outstanding loans	4,516	3,603
Pass | Non-Real Estate Secured | Consumer-auto
Financing Receivable, Recorded Investment [Line Items]
Total of outstanding loans	1,679	1,400
Pass | Non-Real Estate Secured | Consumer-other
Financing Receivable, Recorded Investment [Line Items]
Total of outstanding loans	5,459	5,015
Watch
Financing Receivable, Recorded Investment [Line Items]
Total of outstanding loans	34,752	36,167
Watch | Real Estate Secured | 1-4 residential construction
Financing Receivable, Recorded Investment [Line Items]
Total of outstanding loans	98	370
Watch | Real Estate Secured | Commercial Construction
Financing Receivable, Recorded Investment [Line Items]
Total of outstanding loans	125
Watch | Real Estate Secured | Land development & other land
Financing Receivable, Recorded Investment [Line Items]
Total of outstanding loans	346	532
Watch | Real Estate Secured | Farmland
Financing Receivable, Recorded Investment [Line Items]
Total of outstanding loans	5,566	5,276
Watch | Real Estate Secured | 1-4 residential mortgage
Financing Receivable, Recorded Investment [Line Items]
Total of outstanding loans	11,441	11,517
Watch | Real Estate Secured | Multifamily
Financing Receivable, Recorded Investment [Line Items]
Total of outstanding loans	1,304	1,321
Watch | Real Estate Secured | Home equity and second mortgage
Financing Receivable, Recorded Investment [Line Items]
Total of outstanding loans	952	1,243
Watch | Real Estate Secured | Commercial Mortgage
Financing Receivable, Recorded Investment [Line Items]
Total of outstanding loans	12,592	13,449
Watch | Non-Real Estate Secured | Commercial & agricultural
Financing Receivable, Recorded Investment [Line Items]
Total of outstanding loans	2,125	2,333
Watch | Non-Real Estate Secured | Consumer-auto
Financing Receivable, Recorded Investment [Line Items]
Total of outstanding loans	36	21
Watch | Non-Real Estate Secured | Consumer-other
Financing Receivable, Recorded Investment [Line Items]
Total of outstanding loans	167	105
Special Mention
Financing Receivable, Recorded Investment [Line Items]
Total of outstanding loans	1,838	3,838
Special Mention | Real Estate Secured | Farmland
Financing Receivable, Recorded Investment [Line Items]
Total of outstanding loans	666
Special Mention | Real Estate Secured | 1-4 residential mortgage
Financing Receivable, Recorded Investment [Line Items]
Total of outstanding loans	26
Special Mention | Real Estate Secured | Commercial Mortgage
Financing Receivable, Recorded Investment [Line Items]
Total of outstanding loans	680	3,353
Special Mention | Non-Real Estate Secured | Commercial & agricultural
Financing Receivable, Recorded Investment [Line Items]
Total of outstanding loans	466	485
Substandard
Financing Receivable, Recorded Investment [Line Items]
Total of outstanding loans	13,386	15,164
Substandard | Real Estate Secured | Land development & other land
Financing Receivable, Recorded Investment [Line Items]
Total of outstanding loans	542	903
Substandard | Real Estate Secured | Farmland
Financing Receivable, Recorded Investment [Line Items]
Total of outstanding loans	4,058	5,054
Substandard | Real Estate Secured | 1-4 residential mortgage
Financing Receivable, Recorded Investment [Line Items]
Total of outstanding loans	2,692	2,111
Substandard | Real Estate Secured | Home equity and second mortgage
Financing Receivable, Recorded Investment [Line Items]
Total of outstanding loans	234	111
Substandard | Real Estate Secured | Commercial Mortgage
Financing Receivable, Recorded Investment [Line Items]
Total of outstanding loans	5,503	6,396
Substandard | Non-Real Estate Secured | Commercial & agricultural
Financing Receivable, Recorded Investment [Line Items]
Total of outstanding loans	$ 357	549
Substandard | Non-Real Estate Secured | Consumer-other
Financing Receivable, Recorded Investment [Line Items]
Total of outstanding loans		$ 40

Allowance for Loan Losses and50

Allowance for Loan Losses and Impaired Loans (Analysis of Past Due and Nonaccrual Loans) (Detail) - USD ($) $ in Thousands	Jun. 30, 2017	Dec. 31, 2016	Jul. 01, 2016
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total past due	$ 3,190	$ 1,994
Current	417,396	409,974
Total loans	420,586	411,968	$ 402,652
90+ Days Past Due and Still Accruing	0	0
Nonaccrual Loans	5,762	4,664
Farmland
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total loans	34,326	33,531
Commercial Mortgage
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total loans	123,408	128,515
Commercial & agricultural
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total loans	28,232	26,086
Real Estate Secured | 1-4 residential construction
Financing Receivable, Recorded Investment, Past Due [Line Items]
Current	5,285	4,426
Total loans	5,285	4,426
90+ Days Past Due and Still Accruing	0	0
Real Estate Secured | Commercial Construction
Financing Receivable, Recorded Investment, Past Due [Line Items]
Current	4,664	2,603
Total loans	4,664	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	634	390
Current	19,233	19,045
Total loans	19,867	19,435
90+ Days Past Due and Still Accruing	0	0
Nonaccrual Loans	609	647
Real Estate Secured | Farmland
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total past due	969	343
Current	33,357	33,188
Total loans	34,326	33,531
90+ Days Past Due and Still Accruing	0	0
Nonaccrual Loans	4,212	3,310
Real Estate Secured | 1-4 residential mortgage
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total past due	1,060	377
Current	137,529	135,552
Total loans	138,589	135,929
90+ Days Past Due and Still Accruing	0	0
Nonaccrual Loans	491	26
Real Estate Secured | Multifamily
Financing Receivable, Recorded Investment, Past Due [Line Items]
Current	28,577	26,686
Total loans	28,577	26,686
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	189	103
Current	25,592	24,470
Total loans	25,781	24,573
90+ Days Past Due and Still Accruing	0	0
Nonaccrual Loans	130	5
Real Estate Secured | Commercial Mortgage
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total past due	204	678
Current	123,204	127,837
Total loans	123,408	128,515
90+ Days Past Due and Still Accruing	0	0
Nonaccrual Loans	213	640
Non-Real Estate Secured | Commercial & agricultural
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total past due	134	92
Current	28,098	25,994
Total loans	28,232	26,086
90+ Days Past Due and Still Accruing	0	0
Nonaccrual Loans	107	31
Non-Real Estate Secured | Civic organizations
Financing Receivable, Recorded Investment, Past Due [Line Items]
Current	4,516	3,603
Total loans	4,516	3,603
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	1,715	1,416
Total loans	1,715	1,421
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	5,626	5,154
Total loans	5,626	5,160
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	709	853
30 to 59 Days Past Due | Real Estate Secured | Land development & other land
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total past due	249
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	401	315
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	59	98
30 to 59 Days Past Due | Real Estate Secured | Commercial Mortgage
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total past due		25
30 to 59 Days Past Due | Non-Real Estate Secured | Commercial & agricultural
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total past due		67
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	469	281
60 to 89 Days Past Due | Real Estate Secured | 1-4 residential mortgage
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total past due	366	48
60 to 89 Days Past Due | Real Estate Secured | Commercial Mortgage
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total past due		227
60 to 89 Days Past Due | Non-Real Estate Secured | Commercial & agricultural
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total past due	103
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	2,012	860
90 Days or More Past Due | Real Estate Secured | Land development & other land
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total past due	385	390
90 Days or More Past Due | Real Estate Secured | Farmland
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total past due	969
90 Days or More Past Due | Real Estate Secured | 1-4 residential mortgage
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total past due	293	14
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	130	5
90 Days or More Past Due | Real Estate Secured | Commercial Mortgage
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total past due	204	426
90 Days or More Past Due | Non-Real Estate Secured | Commercial & agricultural
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total past due	$ 31	$ 25

Allowance for Loan Losses and51

Allowance for Loan Losses and Impaired Loans (Impaired Loans) (Detail) - USD ($) $ in Thousands		3 Months Ended	6 Months Ended	12 Months Ended
		Jun. 30, 2017	Jun. 30, 2017	Dec. 31, 2016
Financing Receivable, Impaired [Line Items]
Recorded investment, with no related allowance	[1]	$ 4,493	$ 4,493	$ 4,355
Unpaid principal balance, with no related allowance		4,493	4,493	4,355
Average recorded investment, with no related allowance		4,493	4,509	5,472
Interest income recognized, with no related allowance		5	8	50
Recorded investment, with allowance	[1]	9,543	9,543	8,965
Unpaid principal balance, with allowance		9,841	9,841	9,263
Related allowance		587	587	556
Average recorded investment, with allowance		9,974	10,209	9,735
Interest income recognized, with allowance		152	275	451
Recorded investment, totals	[1]	14,036	14,036	13,320
Unpaid principal balance, totals		14,334	14,334	13,618
Related allowance, totals		587	587	556
Average recorded investment, totals		14,467	14,718	15,207
Interest income recognized, totals		157	283	501
Land development & other land
Financing Receivable, Impaired [Line Items]
Recorded investment, with no related allowance	[1]	385	385	581
Unpaid principal balance, with no related allowance		385	385	581
Average recorded investment, with no related allowance		385	387	840
Interest income recognized, with no related allowance				17
Recorded investment, with allowance	[1]	410	410	193
Unpaid principal balance, with allowance		410	410	193
Related allowance		23	23	10
Average recorded investment, with allowance		410	423	201
Interest income recognized, with allowance		3	7	16
Recorded investment, totals	[1]	795	795	774
Unpaid principal balance, totals		795	795	774
Related allowance, totals		23	23	10
Average recorded investment, totals		795	810	1,041
Interest income recognized, totals		3	7	33
Farmland
Financing Receivable, Impaired [Line Items]
Recorded investment, with no related allowance	[1]	3,695	3,695	3,660
Unpaid principal balance, with no related allowance		3,695	3,695	3,660
Average recorded investment, with no related allowance		3,695	3,708	4,170
Interest income recognized, with no related allowance				18
Recorded investment, with allowance	[1]	2,361	2,361	1,679
Unpaid principal balance, with allowance		2,361	2,361	1,679
Related allowance		98	98	73
Average recorded investment, with allowance		2,362	2,493	1,705
Interest income recognized, with allowance		34	65	84
Recorded investment, totals	[1]	6,056	6,056	5,339
Unpaid principal balance, totals		6,056	6,056	5,339
Related allowance, totals		98	98	73
Average recorded investment, totals		6,057	6,201	5,875
Interest income recognized, totals		34	65	102
1-4 residential mortgage
Financing Receivable, Impaired [Line Items]
Recorded investment, with no related allowance	[1]	175	175
Unpaid principal balance, with no related allowance		175	175
Average recorded investment, with no related allowance		175	175	347
Interest income recognized, with no related allowance		2	5	10
Recorded investment, with allowance	[1]	5,883	5,883	5,964
Unpaid principal balance, with allowance		6,040	6,040	6,121
Related allowance		418	418	414
Average recorded investment, with allowance		6,033	6,100	6,375
Interest income recognized, with allowance		73	148	294
Recorded investment, totals	[1]	6,058	6,058	5,964
Unpaid principal balance, totals		6,215	6,215	6,121
Related allowance, totals		418	418	414
Average recorded investment, totals		6,208	6,275	6,722
Interest income recognized, totals		75	153	304
Home equity and second mortgage
Financing Receivable, Impaired [Line Items]
Recorded investment, with no related allowance	[1]	125	125
Unpaid principal balance, with no related allowance		125	125
Average recorded investment, with no related allowance		125	125
Interest income recognized, with no related allowance		2	2
Recorded investment, with allowance	[1]	172	172	174
Unpaid principal balance, with allowance		177	177	179
Related allowance		9	9	9
Average recorded investment, with allowance		177	178	254
Interest income recognized, with allowance		2	4	8
Recorded investment, totals	[1]	297	297	174
Unpaid principal balance, totals		302	302	179
Related allowance, totals		9	9	9
Average recorded investment, totals		302	303	254
Interest income recognized, totals		4	6	8
Commercial Mortgage
Financing Receivable, Impaired [Line Items]
Recorded investment, with no related allowance	[1]	113	113	114
Unpaid principal balance, with no related allowance		113	113	114
Average recorded investment, with no related allowance		113	114	115
Interest income recognized, with no related allowance				4
Recorded investment, with allowance	[1]	639	639	838
Unpaid principal balance, with allowance		775	775	974
Related allowance		35	35	44
Average recorded investment, with allowance		903	913	1,035
Interest income recognized, with allowance		33	43	39
Recorded investment, totals	[1]	752	752	952
Unpaid principal balance, totals		888	888	1,088
Related allowance, totals		35	35	44
Average recorded investment, totals		1,016	1,027	1,150
Interest income recognized, totals		33	43	43
Commercial & agricultural
Financing Receivable, Impaired [Line Items]
Recorded investment, with allowance	[1]	78	78	113
Unpaid principal balance, with allowance		78	78	113
Related allowance		4	4	6
Average recorded investment, with allowance		88	100	155
Interest income recognized, with allowance		7	8	9
Recorded investment, totals	[1]	78	78	113
Unpaid principal balance, totals		78	78	113
Related allowance, totals		4	4	6
Average recorded investment, totals		88	100	155
Interest income recognized, totals		7	8	9
Consumer & Other
Financing Receivable, Impaired [Line Items]
Interest income recognized, with no related allowance		1	1	1
Recorded investment, with allowance	[1]			4
Unpaid principal balance, with allowance				4
Average recorded investment, with allowance		1	2	10
Interest income recognized, with allowance				1
Recorded investment, totals	[1]			4
Unpaid principal balance, totals				4
Average recorded investment, totals		1	2	10
Interest income recognized, totals		$ 1	$ 1	$ 2
[1]	Recorded investment is the loan balance, net of any charge-offs

Allowance for Loan Losses and52

Allowance for Loan Losses and Impaired Loans (Troubled Debt Restructurings) (Detail) $ in Thousands		3 Months Ended		6 Months Ended
		Jun. 30, 2017USD ($)Loan	Jun. 30, 2016USD ($)Loan	Jun. 30, 2017USD ($)Loan	Jun. 30, 2016USD ($)Loan
Financing Receivable, Modifications [Line Items]
TDRs identified during the period, number of contracts | Loan		1	1	3	5
TDRs identified during the period, pre-modification outstanding recorded investment		$ 48	$ 171	$ 346	$ 565
TDRs identified during the period, post-modification outstanding recorded investment		$ 48	$ 180	$ 346	$ 588
TDRs identified in last twelve months that subsequently defaulted, number of contracts | Loan	[1]	0	0	0	0
TDRs identified in last twelve months that subsequently defaulted, pre-modification outstanding recorded investment	[1]	$ 0	$ 0	$ 0	$ 0
TDRs identified in last twelve months that subsequently defaulted, post-modification outstanding recorded investment	[1]	$ 0	$ 0	$ 0	$ 0
Land development & other land
Financing Receivable, Modifications [Line Items]
TDRs identified in last twelve months that subsequently defaulted, number of contracts | Loan	[1]	0	0	0	0
TDRs identified in last twelve months that subsequently defaulted, pre-modification outstanding recorded investment	[1]	$ 0	$ 0	$ 0	$ 0
TDRs identified in last twelve months that subsequently defaulted, post-modification outstanding recorded investment	[1]	$ 0	$ 0	$ 0	$ 0
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				$ 298
TDRs identified during the period, post-modification outstanding recorded investment				$ 298
TDRs identified in last twelve months that subsequently defaulted, number of contracts | Loan	[1]	0	0	0	0
TDRs identified in last twelve months that subsequently defaulted, pre-modification outstanding recorded investment	[1]	$ 0	$ 0	$ 0	$ 0
TDRs identified in last twelve months that subsequently defaulted, post-modification outstanding recorded investment	[1]	$ 0	$ 0	$ 0	$ 0
1-4 residential mortgage
Financing Receivable, Modifications [Line Items]
TDRs identified during the period, number of contracts | Loan		1	1	1	5
TDRs identified during the period, pre-modification outstanding recorded investment		$ 48	$ 171	$ 48	$ 565
TDRs identified during the period, post-modification outstanding recorded investment		$ 48	$ 180	$ 48	$ 588
TDRs identified in last twelve months that subsequently defaulted, number of contracts | Loan	[1]	0	0	0	0
TDRs identified in last twelve months that subsequently defaulted, pre-modification outstanding recorded investment	[1]	$ 0	$ 0	$ 0	$ 0
TDRs identified in last twelve months that subsequently defaulted, post-modification outstanding recorded investment	[1]	$ 0	$ 0	$ 0	$ 0
Commercial Mortgage
Financing Receivable, Modifications [Line Items]
TDRs identified in last twelve months that subsequently defaulted, number of contracts | Loan	[1]	0	0	0	0
TDRs identified in last twelve months that subsequently defaulted, pre-modification outstanding recorded investment	[1]	$ 0	$ 0	$ 0	$ 0
TDRs identified in last twelve months that subsequently defaulted, post-modification outstanding recorded investment	[1]	$ 0	$ 0	$ 0	$ 0
Commercial & agricultural
Financing Receivable, Modifications [Line Items]
TDRs identified in last twelve months that subsequently defaulted, number of contracts | Loan	[1]	0	0	0	0
TDRs identified in last twelve months that subsequently defaulted, pre-modification outstanding recorded investment	[1]	$ 0	$ 0	$ 0	$ 0
TDRs identified in last twelve months that subsequently defaulted, post-modification outstanding recorded investment	[1]	$ 0	$ 0	$ 0	$ 0
Consumer & Other
Financing Receivable, Modifications [Line Items]
TDRs identified in last twelve months that subsequently defaulted, number of contracts | Loan	[1]	0	0	0	0
TDRs identified in last twelve months that subsequently defaulted, pre-modification outstanding recorded investment	[1]	$ 0	$ 0	$ 0	$ 0
TDRs identified in last twelve months that subsequently defaulted, post-modification outstanding recorded investment	[1]	$ 0	$ 0	$ 0	$ 0
[1]	Loans past due 30 days or more are considered to be in default.

Allowance for Loan Losses and53

Allowance for Loan Losses and Impaired Loans (Troubled Debt Restructurings) (Parenthetical) (Detail)	3 Months Ended		6 Months Ended
	Jun. 30, 2017	Jun. 30, 2016	Jun. 30, 2017	Jun. 30, 2016
Receivables [Abstract]
TDRs identified in last twelve months that subsequently defaulted, period to consider the loan to be default	30 days	30 days	30 days	30 days

Employee Benefit Plan (Componen

Employee Benefit Plan (Components of Net Periodic Pension Cost) (Detail) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2017	Jun. 30, 2016	Jun. 30, 2017	Jun. 30, 2016
Retirement Benefits [Abstract]
Service cost	$ 0	$ 0	$ 0	$ 0
Interest cost	48	49	96	98
Expected return on plan assets	(138)	(140)	(276)	(280)
Amortization of prior service cost	0	0	0	0
Recognized net loss due to settlement		14		28
Recognized net actuarial (gain)/loss	7	3	14	6
Net periodic benefit cost	$ (83)	$ (74)	$ (166)	$ (148)

Employee Benefit Plan - Additio

Employee Benefit Plan - Additional Information (Detail)	Dec. 31, 2016USD ($)
Retirement Benefits [Abstract]
Defined Benefit Plan, contributions by employer for 2017	$ 0

Commitments and Contingencies56

Commitments and Contingencies (Summary of Bank's Commitments) (Detail) - USD ($) $ in Thousands	Jun. 30, 2017	Dec. 31, 2016
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Financial instruments with off balance sheet risk	$ 49,756	$ 54,667
Standby Letters of Credit
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Financial instruments with off balance sheet risk	982
Commitments to Extend Credit
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Financial instruments with off balance sheet risk	$ 48,774	$ 54,667

Commitments and Contingencies -

Commitments and Contingencies - Additional Information (Detail)	6 Months Ended
	Jun. 30, 2017USD ($)
Commitments and Contingencies Disclosure [Abstract]
Maximum potential credits	$ 5,000,000

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	Jun. 30, 2017	Dec. 31, 2016
Financial Instruments - Assets
Net Loans	$ 417,018	$ 408,548
Financial Instruments - Liabilities
Time Deposits	159,755	167,355
Financial Instruments, Financial Assets, Balance Sheet Groupings [Abstract]
Net Loans	414,405	405,876
Financial Instruments, Financial Liabilities, Balance Sheet Groupings [Abstract]
Time Deposits	157,615	165,257
Significant Other Observable Inputs (Level 2)
Financial Instruments, Financial Assets, Balance Sheet Groupings [Abstract]
Net Loans	413,949	405,410
Financial Instruments, Financial Liabilities, Balance Sheet Groupings [Abstract]
Time Deposits	157,615	165,257
Significant Unobservable Inputs (Level 3)
Financial Instruments, Financial Assets, Balance Sheet Groupings [Abstract]
Net Loans	$ 456	$ 466

Financial Instruments (Schedu59

Financial Instruments (Schedule of Assets Recorded at Fair Value on Recurring Basis) (Detail) - USD ($) $ in Thousands	Jun. 30, 2017	Dec. 31, 2016
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value of assets, recurring basis	$ 59,602	$ 62,540
Government sponsored enterprises
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value of assets, recurring basis	2,085	2,209
Collateralized Mortgage Backed Securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value of assets, recurring basis	34,275	35,202
Corporate securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value of assets, recurring basis	2,988	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	20,254	22,155
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	59,602	62,540
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	2,085	2,209
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	34,275	35,202
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	2,988	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	$ 20,254	$ 22,155

Financial Instruments - Additio

Financial Instruments - Additional Information (Detail) - USD ($)	Jun. 30, 2017	Dec. 31, 2016
Transfers From (To) Parent [Abstract]
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 (Schedu61

Financial Instruments (Schedule of Assets Recorded at Fair Value on Nonrecurring Basis) (Detail) - USD ($) $ in Thousands	Jun. 30, 2017	Dec. 31, 2016
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value of assets, nonrecurring basis	$ 516	$ 536
Impaired Loans
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value of assets, nonrecurring basis	456	466
Foreclosed assets
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value of assets, nonrecurring basis	60	70
Significant Unobservable Inputs (Level 3)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value of assets, nonrecurring basis	516	536
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	456	466
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	$ 60	$ 70

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	6 Months Ended
	Jun. 30, 2017	Dec. 31, 2016
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	$ 456	$ 466
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	$ 60	$ 70
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%

Intangible Assets (Schedule of

Intangible Assets (Schedule of Core Deposit Intangible Assets) (Detail) - Core Deposits - USD ($) $ in Thousands	Jun. 30, 2017	Dec. 31, 2016
Finite-Lived Intangible Liabilities [Line Items]
Gross carrying amount	$ 2,469	$ 2,469
Accumulated amortization	284	142
Net book value	$ 2,185	$ 2,327

Capital Requirements Actual Cap

Capital Requirements Actual Capital Amounts and Ratios (Detail) - USD ($) $ in Thousands	Jun. 30, 2017	Dec. 31, 2016
Banking and Thrift [Abstract]
Total Capital to Risk Weighted Assets, Actual Amount	$ 55,028	$ 53,657
Total Capital to Risk Weighted Assets, Actual Ratio	13.05%	12.72%
Total Capital to Risk Weighted Assets, Minimum For Capital Adequacy Purposes Amount	$ 33,726	$ 33,744
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	$ 42,157	$ 42,180
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	$ 51,397	$ 50,111
Tier 1 Capital to Risk Weighted Assets, Actual Ratio	12.19%	11.88%
Tier 1 Capital to Risk Weighted Assets, Minimum For Capital Adequacy Purposes Amount	$ 25,294	$ 25,308
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	$ 33,726	$ 33,744
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	$ 51,397	$ 50,111
Common Equity Tier 1 Capital to Risk Weighted Assets, Actual Ratio	12.19%	11.88%
Common Equity Tier 1 Capital to Risk Weighted Assets, Minimum For Capital Adequacy Purposes Amount	$ 18,971	$ 18,981
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	$ 27,402	$ 27,417
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	$ 51,397	$ 50,111
Tier 1 Capital to Average Assets, Actual Ratio	9.38%	9.01%
Tier 1 Capital to Average Assets, Minimum For Capital Adequacy Purposes Amount	$ 21,921	$ 22,242
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	$ 27,401	$ 27,803
Tier 1 Capital to Average Assets, Minimum To Be Well Capitalized Ratio	5.00%	5.00%