FVCBankcorp (FVCB) 10-Q 14 Aug 19 2019 Q2 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	6 Months Ended
	Jun. 30, 2019	Aug. 07, 2019
Document and Entity Information
Document Type	10-Q
Document Period End Date	Jun. 30, 2019
Entity Registrant Name	FVCBankcorp, Inc.
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Non-accelerated Filer
Entity Small Business	true
Entity Emerging Growth Company	true
Entity Ex Transition Period	true
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		13,862,864
Entity Central Index Key	0001675644
Amendment Flag	false
Current Fiscal Year End Date	--12-31
Document Fiscal Year Focus	2019
Document Fiscal Period Focus	Q2

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($) $ in Thousands	Jun. 30, 2019	Dec. 31, 2018	[1]
Assets
Cash and due from banks	$ 15,201	$ 9,435
Interest-bearing deposits at other financial institutions	29,149	34,060
Securities held-to-maturity (fair value of $1.8 million and $1.7 million at June 30, 2019 and December 31, 2018, respectively)	1,761	1,761
Securities available-for-sale, at fair value	134,471	123,537
Restricted stock, at cost	5,379	5,299
Loans, net of allowance for loan losses of $10.0 million and $9.2 million at June 30, 2019 and December 31, 2018, respectively	1,224,376	1,127,584
Premises and equipment, net	2,049	2,271
Accrued interest receivable	4,653	4,050
Prepaid expenses	1,548	892
Deferred tax assets, net	7,857	8,591
Goodwill and intangibles, net	8,223	8,443
Bank owned life insurance (BOLI)	26,621	16,406
Other real estate owned (OREO)	3,866	4,224
Operating lease right-of-use assets	11,843
Other assets	7,603	5,023
Total assets	1,484,600	1,351,576
Deposits:
Noninterest-bearing	270,711	233,318
Interest-bearing checking, savings and money market	606,716	583,736
Time deposits	391,947	345,386
Total deposits	1,269,374	1,162,440
Subordinated notes, net of issuance costs	24,447	24,407
Accrued interest payable	809	811
Operating lease liabilities	12,177
Accrued expenses and other liabilities	7,630	5,582
Total liabilities	1,314,437	1,193,240
Commitments and Contingent Liabilities
Stockholders' Equity
Common stock, $0.01 par value	138	137
Additional paid-in capital	125,021	123,882
Retained earnings	44,653	36,728
Accumulated other comprehensive income (loss), net	351	(2,411)
Total stockholders' equity	170,163	158,336
Total liabilities and stockholders' equity	$ 1,484,600	$ 1,351,576
[1]	Derived from audited consolidated financial statements.

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Thousands	Jun. 30, 2019	Dec. 31, 2018
Consolidated Balance Sheets
Securities held to maturity, fair value	$ 1,769	$ 1,735
Allowance for loan losses	$ 9,996	$ 9,159
Preferred stock, par value (in dollars per share)	$ 0.01	$ 0.01
Preferred stock, shares authorized	1,000,000	1,000,000
Preferred stock, shares issued	0	0
Preferred stock, shares outstanding	0	0
Common stock, par value (in dollars per share)	$ 0.01	$ 0.01
Common stock, shares authorized	20,000,000	20,000,000
Common stock, shares issued	13,839,772	13,712,615
Common stock, shares outstanding	13,839,772	13,712,615

Consolidated Statements of Inco

Consolidated Statements of Income - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018
Interest and Dividend Income
Interest and fees on loans	$ 15,819	$ 11,292	$ 30,686	$ 21,865
Interest and dividends on securities held-to-maturity	13	13	26	26
Interest and dividends on securities available-for-sale	886	673	1,777	1,330
Dividends on restricted stock	79	60	146	113
Interest on deposits at other financial institutions	193	32	315	77
Total interest and dividend income	16,990	12,070	32,950	23,411
Interest Expense
Interest on deposits	4,192	2,286	7,932	4,434
Interest on federal funds purchased	32	1	93	1
Interest on short-term debt		32		67
Interest on subordinated notes	395	395	790	790
Total interest expense	4,619	2,714	8,815	5,292
Net Interest Income	12,371	9,356	24,135	18,119
Provision for loan losses	505	281	1,020	639
Net interest income after provision for loan losses	11,866	9,075	23,115	17,480
Noninterest Income
Service charges on deposit accounts	229	152	411	293
BOLI income	110	108	215	219
Other fee income	200	103	651	236
Total noninterest income	539	363	1,277	748
Noninterest Expenses
Salaries and employee benefits	4,245	3,324	8,183	6,509
Occupancy and equipment expense	873	580	1,700	1,152
Data processing and network administration	343	285	782	565
State franchise taxes	426	296	848	592
Audit, legal and consulting fees	274	132	404	288
Merger and acquisition expense	16	397	83	397
Loan related expenses	99	61	168	118
FDIC insurance	111	117	222	225
Marketing, business development and advertising	131	94	289	180
Director fees	122	122	243	233
Postage, courier and telephone	41	48	94	100
Internet banking	101	75	208	142
Core deposits intangible amortization	97	5	198	10
Other operating expenses	397	286	758	571
Total noninterest expenses	7,276	5,822	14,180	11,082
Net income before income tax expense	5,129	3,616	10,212	7,146
Income tax expense	1,044	539	2,201	1,072
Net income	$ 4,085	$ 3,077	$ 8,011	$ 6,074
Earnings per share, basic	$ 0.30	$ 0.28	$ 0.58	$ 0.55
Earnings per share, diluted	$ 0.28	$ 0.26	$ 0.54	$ 0.50

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Income - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018
Consolidated Statements of Comprehensive Income
Net income	$ 4,085	$ 3,077	$ 8,011	$ 6,074
Other comprehensive gain (loss):
Unrealized gain (loss) on securities available for sale, net of tax expense of $367 and $734 for the three and six months June 30, 2019, respectively, net of tax benefit of $105 and $477 for the three and six months ended June 30, 2018, respectively.	1,382	(397)	2,762	(1,796)
Total other comprehensive income (loss)	1,382	(397)	2,762	(1,796)
Total comprehensive income	$ 5,467	$ 2,680	$ 10,773	$ 4,278

Consolidated Statements of Co_2

Consolidated Statements of Comprehensive Income (Parenthetical) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018
Consolidated Statements of Comprehensive Income
Tax expense securities available for sale	$ 367	$ 105	$ 734	$ 477

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018
Reconciliation of net income to net cash provided by operating activities:
Net income	$ 8,011	$ 6,074
Depreciation	321	224
Provision for loan losses	1,020	639
Net amortization of premium of securities	178	281
Net amortization of deferred loan costs and purchase premiums	293	657
Net accretion of acquisition accounting adjustments	310
Amortization of subordinated debt issuance costs	40	40
Stock-based compensation expense	272	350
BOLI income	(215)	(219)
Core deposits intangible amortization	198	10
Changes in assets and liabilities:
Increase in accrued interest receivable, prepaid expenses and other assets	(3,415)	(3,014)
Increase (decrease) in accrued interest payable, accrued expenses and other liabilities	1,892	(230)
Net cash provided by operating activities	8,905	4,812
Cash Flows From Investing Activities
Decrease (increase) in interest-bearing deposits at other financial institutions	4,911	(15,595)
Purchases of securities available-for-sale	(16,535)	(11,815)
Proceeds from redemptions of securities available-for-sale	8,919	8,130
Net purchase of restricted stock	(80)	(362)
Net increase in loans	(98,573)	(67,687)
Proceeds from sale of OREO	358
Purchases of BOLI	(10,000)
Purchases of premises and equipment, net	(99)	(389)
Net cash used in investing activities	(111,099)	(87,718)
Cash Flows From Financing Activities
Net increase in noninterest-bearing, interest-bearing checking, savings, and money market deposits	50,358	126,572
Net increase (decrease) in time deposits	56,734	(45,839)
Common stock issuance	868	1,055
Net cash provided by financing activities	107,960	81,788
Net increase (decrease) in cash and cash equivalents	5,766	(1,118)
Cash and cash equivalents, beginning of year	9,435	7,428
Cash and cash equivalents, end of year	$ 15,201	$ 6,310

Consolidated Statements of Chan

Consolidated Statements of Changes in Stockholders' Equity - USD ($) $ in Thousands	Common Stock	Additional Paid-in Capital	Retained Earnings	Accumulated Other Comprehensive Income (Loss), net	Total
Balance at the beginning of the period at Dec. 31, 2017	$ 109	$ 74,008	$ 25,859	$ (1,693)	$ 98,283
Balance at the beginning of the period (in shares) at Dec. 31, 2017	10,869
Increase (Decrease) in Stockholders' Equity
Net income			6,074		6,074
Other comprehensive income (loss), net of tax				(1,796)	(1,796)
Common stock issuance for options exercised	$ 2	1,053			1,055
Common stock issuance for options exercised (in shares)	207
Stock-based compensation expense		350			350
Balance at the end of the period at Jun. 30, 2018	$ 111	75,411	31,933	(3,489)	103,966
Balance at the end of the period (in shares) at Jun. 30, 2018	11,076
Balance at the beginning of the period at Mar. 31, 2018	$ 110	74,778	28,856	(3,092)	100,652
Balance at the beginning of the period (in shares) at Mar. 31, 2018	10,981
Increase (Decrease) in Stockholders' Equity
Net income			3,077		3,077
Other comprehensive income (loss), net of tax				(397)	(397)
Common stock issuance for options exercised	$ 1	455			456
Common stock issuance for options exercised (in shares)	95
Stock-based compensation expense		178			178
Balance at the end of the period at Jun. 30, 2018	$ 111	75,411	31,933	(3,489)	103,966
Balance at the end of the period (in shares) at Jun. 30, 2018	11,076
Balance at the beginning of the period at Dec. 31, 2018	$ 137	123,882	36,728	(2,411)	158,336	[1]
Balance at the beginning of the period (in shares) at Dec. 31, 2018	13,713
Increase (Decrease) in Stockholders' Equity
Net income			8,011		8,011
Adoption of lease accounting standard			(86)		(86)
Other comprehensive income (loss), net of tax				2,762	2,762
Common stock issuance for options exercised	$ 1	867			868
Common stock issuance for options exercised (in shares)	127
Stock-based compensation expense		272			272
Balance at the end of the period at Jun. 30, 2019	$ 138	125,021	44,653	351	170,163
Balance at the end of the period (in shares) at Jun. 30, 2019	13,840
Balance at the beginning of the period at Mar. 31, 2019	$ 138	124,318	40,568	(1,031)	163,993
Balance at the beginning of the period (in shares) at Mar. 31, 2019	13,755
Increase (Decrease) in Stockholders' Equity
Net income			4,085		4,085
Other comprehensive income (loss), net of tax				1,382	1,382
Common stock issuance for options exercised		596			596
Common stock issuance for options exercised (in shares)	85
Stock-based compensation expense		107			107
Balance at the end of the period at Jun. 30, 2019	$ 138	$ 125,021	$ 44,653	$ 351	$ 170,163
Balance at the end of the period (in shares) at Jun. 30, 2019	13,840
[1]	Derived from audited consolidated financial statements.

Organization and Summary of Sig

Organization and Summary of Significant Accounting Policies	6 Months Ended
	Jun. 30, 2019
Organization and Summary of Significant Accounting Policies
Organization and Summary of Significant Accounting Policies	Note 1. Organization and Summary of Significant Accounting Policies Organization FVCBankcorp, Inc. (the “Company”), a Virginia corporation, was formed in 2015 and is registered as a bank holding company under the Bank Holding Company Act of 1956, as amended. The Company is headquartered in Fairfax, Virginia. The Company conducts its business activities through the branch offices of its wholly owned subsidiary bank, FVCbank (the “Bank”). The Company exists primarily for the purposes of holding the stock of its subsidiary, the Bank. The Bank was organized under the laws of the Commonwealth of Virginia to engage in a general banking business serving the Washington, D.C. metropolitan area. The Bank commenced regular operations on November 27, 2007 and is a member of the Federal Reserve System and the Federal Deposit Insurance Corporation. It is subject to the regulations of the Federal Reserve System and the State Corporation Commission of Virginia. Consequently, it undergoes periodic examinations by these regulatory authorities. On October 12, 2018, the Company announced the completion of its acquisition of Colombo Bank (“Colombo"). Colombo, which was headquartered in Rockville, Maryland, merged into FVCbank effective October 12, 2018 adding five banking locations in Washington, D.C., and Montgomery County and the City of Baltimore in Maryland. Pursuant to the terms of the merger agreement, holders of shares of Colombo common stock received 0.002217 shares of the Company’s common stock and $0.053157 in cash for each share of Colombo common stock held immediately prior to the effective date of the Merger, plus cash in lieu of fractional shares at a rate equal to $19.614 per share of FVCB common stock. Holders of an aggregate of 35,002 shares of Colombo common stock who individually owned fewer than 45,086 shares of Colombo common stock after aggregation of all shares held in the same name, made a timely election to receive only cash in an amount equal to $0.096649 per share of Colombo common stock. As a result of the merger, 763,051 shares of the Company’s common stock were issued in exchange for outstanding shares of Colombo common stock. Basis of Presentation The accompanying unaudited consolidated financial statements of the Company have been prepared in accordance with U.S. GAAP for interim financial information and follow general practice within the banking industry. Accordingly, the unaudited consolidated financial statements do not include all the information and footnotes required by U.S. GAAP for complete financial statements; however, in the opinion of management, all adjustments (consisting only of normal recurring accruals) necessary for a fair presentation of the results of the interim periods presented have been made. The results of operations for the interim periods are not necessarily indicative of the results that may be expected for the full year. These financial statements should be read in conjunction with the consolidated financial statements and notes thereto included in the Company’s audited financial statements for the year ended December 31, 2018. Certain prior period amounts have been reclassified to conform to current period presentation. Principles of Consolidation The consolidated financial statements include the accounts of the Company. All material intercompany balances and transactions have been eliminated in consolidation. Significant Accounting Policies The accounting and reporting policies of the Company are in accordance with accounting principles generally accepted in the United States of America and conform to general practices within the banking industry. Recent Accounting Pronouncements In June 2016, the FASB issued ASU No. 2016-13, “Financial Instruments – Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments.” The amendments in this ASU, among other things, require the measurement of all expected credit losses for financial assets held at the reporting date based on historical experience, current conditions, and reasonable and supportable forecasts. Financial institutions and other organizations will now use forward-looking information to better inform their credit loss estimates. Many of the loss estimation techniques applied today will still be permitted, although the inputs to those techniques will change to reflect the full amount of expected credit losses. In addition, the ASU amends the accounting for credit losses on available-for-sale debt securities and purchased financial assets with credit deterioration. The amendments in this ASU are effective for U.S. Securities and Exchange Commission (SEC) filers for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2019. Based on FASB's July 17, 2019 meeting, an exposure draft is expected that, once finalized, could change implementation dates for many companies. The Company has identified a third party vendor to assist in the measurement of expected credit losses under this standard. The implementation committee has completed the data collection process, validated the data inputs, and is in the initial phases of evaluating various allowance methodologies for certain loan segments within the Company’s loan portfolio. The Company is currently evaluating the implementation of ASU 2016-13 due to the change in implementation dates for smaller reporting companies included in the FASB's Exposure Draft. In January 2017, the FASB issued ASU No. 2017-04, “Intangibles – Goodwill and Other (Topic 350): Simplifying the Test for Goodwill Impairment.” The amendments in this ASU simplify how an entity is required to test goodwill for impairment by eliminating Step 2 from the goodwill impairment test. Step 2 measures a goodwill impairment loss by comparing the implied fair value of a reporting unit’s goodwill with the carrying amount of that goodwill. Instead, under the amendments in this ASU, an entity should perform its annual, or interim, goodwill impairment test by comparing the fair value of a reporting unit with its carrying amount. An entity still has the option to perform the qualitative assessment for a reporting unit to determine if the quantitative impairment test is necessary. Public business entities that are SEC filers should adopt the amendments in this ASU for annual or interim goodwill impairment tests in fiscal years beginning after December 15, 2019. Early adoption is permitted for interim or annual goodwill impairment tests performed on testing dates after January 1, 2017. The Company does not expect the adoption of ASU 2017-04 to have a material impact on its consolidated financial statements. In August 2018, the FASB issued ASU 2018-13, “Fair Value Measurement (Topic 820): Disclosure Framework—Changes to the Disclosure Requirements for Fair Value Measurement.” The amendments modify the disclosure requirements in Topic 820 to add disclosures regarding changes in unrealized gains and losses, the range and weighted average of significant unobservable inputs used to develop Level 3 fair value measurements and the narrative description of measurement uncertainty. Certain disclosure requirements in Topic 820 are also removed or modified. The amendments are effective for fiscal years beginning after December 15, 2019, and interim periods within those fiscal years. Certain of the amendments are to be applied prospectively while others are to be applied retrospectively. Early adoption is permitted. The Company does not expect the adoption of ASU 2018-13 to have a material impact on its consolidated financial statements. In April 2019, the FASB issued ASU 2019-04, "Codification Improvements to Topic 326, Financial Instruments-Credit Losses, Topic 815, Derivatives and Hedging, and Topic 825, Financial Instruments." This ASU clarifies and improves areas of guidance related to the recently issued standards on credit losses, hedging, and recognition and measurement including improvements resulting from various TRG Meetings. The amendments are effective for fiscal years beginning after December 15, 2019, and interim periods within those fiscal years. Early adoption is permitted. The Company is currently assessing the impact that ASU 2019-04 will have on its consolidated financial statements. In May 2019, the FASB issued ASU 2019-05, "Financial Instruments-Credit Losses (Topic 326): Targeted Transition Relief." The amendments in this ASU provide entities that have certain instruments within the scope of Subtopic 326-20 with an option to irrevocably elect the fair value option in Subtopic 825-10, applied on an instrument-by-instrument basis for eligible instruments, upon the adoption of Topic 326. The fair value option election does not apply to held-to-maturity debt securities. An entity that elects the fair value option should subsequently measure those instruments at fair value with changes in fair value flowing through earnings. The amendments are effective for fiscal years beginning after December 15, 2019, and interim periods within those fiscal years. The amendments should be applied on a modified-retrospective basis by means of a cumulative-effect adjustment to the opening balance of retained earnings balance in the balance sheet. Early adoption is permitted. The Company is currently assessing the impact that ASU 2019-05 will have on its consolidated financial statements.

Securities

Securities	6 Months Ended
	Jun. 30, 2019
Securities
Securities	Note 2. Securities Amortized cost and fair values of securities held‑to‑maturity and securities available‑for‑sale as of June 30, 2019 and December 31, 2018, are as follows: June 30, 2019 Gross Gross Amortized Unrealized Unrealized Fair (In thousands) Cost Gains (Losses) Value Held-to-maturity Securities of state and local municipalities tax exempt $ 264 $ 5 $ — $ 269 Securities of U.S. government and federal agencies 1,497 3 — 1,500 Total Held-to-maturity Securities $ 1,761 $ 8 $ — $ 1,769 Available-for-sale Securities of U.S. government and federal agencies $ 1,000 $ — $ (6) $ 994 Securities of state and local municipalities tax exempt 3,671 62 — 3,733 Securities of state and local municipalities taxable 2,309 1 (28) 2,282 Corporate bonds 5,000 60 (89) 4,971 Certificates of deposit 245 — — 245 SBA pass-through securities 179 — (4) 175 Mortgage-backed securities 94,362 851 (501) 94,712 Collateralized mortgage obligations 27,354 271 (266) 27,359 Total Available-for-sale Securities $ 134,120 $ 1,245 $ (894) $ 134,471 December 31, 2018 Gross Gross Amortized Unrealized Unrealized Fair (In thousands) Cost Gains (Losses) Value Held-to-maturity Securities of state and local municipalities tax exempt $ 264 $ — $ (6) $ 258 Securities of U.S. government and federal agencies 1,497 — (20) 1,477 Total Held-to-maturity Securities $ 1,761 $ — $ (26) $ 1,735 Available-for-sale Securities of U.S. government and federal agencies $ 1,000 $ — $ (44) $ 956 Securities of state and local municipalities tax exempt 3,678 — (39) 3,639 Securities of state and local municipalities taxable 2,378 — (70) 2,308 Corporate bonds 5,000 92 (79) 5,013 Certificates of deposit 245 — (1) 244 SBA pass-through securities 200 — (5) 195 Mortgage-backed securities 90,234 94 (2,291) 88,037 Collateralized mortgage obligations 23,945 10 (810) 23,145 Total Available-for-sale Securities $ 126,680 $ 196 $ (3,339) $ 123,537 The Company had no securities pledged with the Federal Reserve Bank at June 30, 2019 and December 31, 2018, respectively. Securities of $4.5 million were pledged with the Treasury Board of Virginia at the Community Bankers’ Bank at June 30, 2019. There was $8.1 million in such securities pledged as of December 31, 2018. The following table shows fair value and gross unrealized losses, aggregated by investment category and length of time that individual securities have been in a continuous unrealized loss position, at June 30, 2019 and December 31, 2018, respectively. The reference point for determining when securities are in an unrealized loss position is month‑end. Therefore, it is possible that a security’s market value exceeded its amortized cost on other days during the past twelve‑month period. Available‑for‑sale and held-to-maturity securities that have been in a continuous unrealized loss position are as follows: Less Than 12 Months 12 Months or Longer Total (In thousands) Fair Unrealized Fair Unrealized Fair Unrealized At June 30, 2019 Value Losses Value Losses Value Losses Securities of U.S. government and federal agencies $ — $ — $ 994 $ (6) $ 994 $ (6) Securities of state and local municipalities taxable — — 1,531 (28) 1,531 (28) Corporate bonds — — 911 (89) 911 (89) SBA pass-through securities — — 175 (4) 175 (4) Mortgage-backed securities — — 52,081 (501) 52,081 (501) Collateralized mortgage obligations — — 14,155 (266) 14,155 (266) Total $ — $ — $ 69,847 $ (894) $ 69,847 $ (894) Less Than 12 Months 12 Months or Longer Total Fair Unrealized Fair Unrealized Fair Unrealized At December 31, 2018 Value Losses Value Losses Value Losses Securities of U.S. government and federal agencies $ — $ — $ 2,433 $ (64) $ 2,433 $ (64) Securities of state and local municipalities tax exempt 263 (1) 3,634 (44) 3,897 (45) Securities of state and local municipalities taxable 757 (1) 1,551 (69) 2,308 (70) Corporate bonds 988 (12) 933 (67) 1,921 (79) Certificates of deposit — — 244 (1) 244 (1) SBA pass-through securities — — 195 (5) 195 (5) Mortgage-backed securities 12,743 (59) 60,656 (2,232) 73,399 (2,291) Collateralized mortgage obligations — — 16,790 (810) 16,790 (810) Total $ 14,751 $ (73) $ 86,436 $ (3,292) $ 101,187 $ (3,365) Securities of U.S. government and federal agencies: The unrealized loss on one available‑for‑sale security was caused by interest rate increases. The contractual terms of these investments do not permit the issuer to settle the securities at a price less than the amortized cost basis of the investments. Securities of state and local municipalities: The unrealized losses on the Company's investment in securities of state and local municipalities were caused by interest rate increases. The contractual terms of those investments do not permit the issuer to settle the securities at a price less than the amortized cost basis of the investments. Five of the nine investments carry an S&P investment grade rating of AA+ or above, one has a rating of AA-, one has an AA rating, while the remaining two do not carry a rating. Corporate bonds: The unrealized losses on the investments in corporate bonds were caused by interest rate increases. The contractual terms of those investments do not permit the issuer to settle the securities at a price less than the amortized cost basis of the investments. One of these investments carries an S&P investment grade rating of A-. The remaining four investments do not carry a rating. SBA pass‑through securities: The unrealized loss on the Company’s single investment in SBA pass‑through securities was caused by interest rate increases. Repayment of the principal on those investments is guaranteed by an agency of the U.S. Government. Accordingly, it is expected that the securities would not be settled at a price less than the amortized cost basis of the Company’s investments. Because the decline in market value is attributable to changes in interest rates and not credit quality, the Company does not consider that investments to be other‑than‑temporarily impaired at June 30, 2019. Mortgage‑backed securities: The unrealized losses on the Company’s investment in forty-two mortgage‑backed securities were caused by interest rate increases. The contractual cash flows of those investments are guaranteed by an agency of the U.S. Government. Accordingly, it is expected that the securities would not be settled at a price less than the amortized cost basis of the Company’s investments. Because the decline in market value is attributable to changes in interest rates and not credit quality, the Company does not consider those investments to be other‑than‑temporarily impaired at June 30, 2019. Collateralized mortgage obligations (CMOs): The unrealized loss associated with twenty-four CMOs was caused by interest rate increases. The contractual cash flows of these investments are guaranteed by an agency of the U.S. Government. Accordingly, it is expected that the securities would not be settled at a price less than the amortized cost basis of the Company’s investments. Because the decline in market value is attributable to changes in interest rates and not credit quality, the Company does not consider those investments to be other‑than‑temporarily impaired at June 30, 2019. The amortized cost and fair value of securities as of June 30, 2019, by contractual maturity, are shown below. Expected maturities may differ from contractual maturities because issuers may have the right to call or prepay obligations without penalties. June 30, 2019 Held-to-maturity Available-for-sale Amortized Fair Amortized Fair (In thousands) Cost Value Cost Value Less than 1 year $ — $ — $ 745 $ 745 After 5 years through 10 years 1,761 1,769 21,035 21,054 After 10 years — — 112,340 112,672 Total $ 1,761 $ 1,769 $ 134,120 $ 134,471 For the six months ended June 30, 2019 and June 30, 2018, proceeds from maturities, calls and principal repayments of securities were $8.9 million and $8.1 million, respectively. During the six months ended June 30, 2019 and June 30, 2018, there were no proceeds from sales of securities available-for-sale, no gross realized gains, and no realized losses.

Loans and Allowance for Loan Lo

Loans and Allowance for Loan Losses	6 Months Ended
	Jun. 30, 2019
Loans and Allowance for Loan Losses
Loans and Allowance for Loan Losses	Note 3. Loans and Allowance for Loan Losses A summary of loan balances by type follows: June 30, 2019 December 31, 2018 (In thousands) Originated Acquired Total Originated Acquired Total Commercial real estate $ 679,017 $ 56,004 $ 735,021 $ 616,614 $ 66,988 $ 683,602 Commercial and industrial 126,766 7,952 134,718 128,909 8,419 137,328 Commercial construction 210,538 7,644 218,182 141,694 11,645 153,339 Consumer residential 85,922 38,206 124,128 87,609 43,822 131,431 Consumer nonresidential 24,139 110 24,249 32,184 124 32,308 $ 1,126,382 $ 109,916 $ 1,236,298 $ 1,007,010 $ 130,998 $ 1,138,008 Less: Allowance for loan losses 9,996 — 9,996 9,159 — 9,159 Unearned income and (unamortized premiums), net 1,926 — 1,926 1,265 — 1,265 Loans, net $ 1,114,460 $ 109,916 $ 1,224,376 $ 996,586 $ 130,998 $ 1,127,584 During 2018, as a result of the Company’s acquisition of Colombo, the loan portfolio was segregated between loans initially accounted for under the amortized cost method (referred to as “originated” loans) and loans acquired (referred to as “acquired” loans). The loans segregated to the acquired loan portfolio were initially measured at fair value and subsequently accounted for under either ASC Topic 310-30 or ASC 310-20. The outstanding principal balance and related carrying amount of acquired loans included in the consolidated balance sheets as of June 30, 2019 and December 31, 2018 are as follows: (In thousands) June 30, 2019 Purchased credit impaired acquired loans evaluated individually for future credit losses Outstanding principal balance $ 2,579 Carrying amount 1,846 Other acquired loans Outstanding principal balance 109,511 Carrying amount 108,070 Total acquired loans Outstanding principal balance 112,090 Carrying amount 109,916 (In thousands) December 31, 2018 Purchased credit impaired acquired loans evaluated individually for future credit losses Outstanding principal balance $ 2,533 Carrying amount 1,401 Other acquired loans Outstanding principal balance 131,286 Carrying amount 129,597 Total acquired loans Outstanding principal balance 133,819 Carrying amount 130,998 The following table presents changes during the six months ended June 30, 2019 and the year ended December 31, 2018, respectively, in the accretable yield on purchased credit impaired loans for which the Company applies ASC 310-30. (In thousands) Balance at January 1, 2019 $ 357 Accretion (51) Balance at June 30, 2019 $ 306 (In thousands) Balance at January 1, 2018 $ — Accretable yield at acquisition date 379 Accretion (22) Balance at December 31, 2018 $ 357 An analysis of the allowance for loan losses for the three and six months ended June 30, 2019 and 2018, and for the year ended December 31, 2018, follows: Allowance for Loan Losses For the three months ended June 30, 2019 (In thousands) Commercial Commercial and Commercial Consumer Consumer Real Estate Industrial Construction Residential Nonresidential Total Allowance for credit losses: Beginning Balance, April 1 $ 5,812 $ 1,480 $ 1,491 $ 495 $ 234 $ 9,512 Charge-offs — — — — (21) (21) Recoveries — — — — — — Provision 177 (69) 397 (1) 1 505 Ending Balance $ 5,989 $ 1,411 $ 1,888 $ 494 $ 214 $ 9,996 Allowance for Loan Losses For the six months ended June 30, 2019 (In thousands) Commercial Commercial Commercial Consumer Consumer Real Estate and Industrial Construction Residential Nonresidential Total Allowance for credit losses: Beginning Balance, January 1 $ 5,548 $ 1,474 $ 1,285 $ 518 $ 334 $ 9,159 Charge-offs — — — — (183) (183) Recoveries — — — — — — Provision 441 (63) 603 (24) 63 1,020 Ending Balance $ 5,989 $ 1,411 $ 1,888 $ 494 $ 214 $ 9,996 Allowance for Loan Losses For the three months ended June 30, 2018 (In thousands) Commercial Commercial and Commercial Consumer Consumer Real Estate Industrial Construction Residential Nonresidential Unallocated Total Allowance for credit losses: Beginning Balance, April 1 $ 5,140 $ 821 $ 1,249 $ 630 $ 230 $ 32 $ 8,102 Charge-offs — (86) — — (11) — (97) Recoveries — 12 — — — — 12 Provision 135 122 57 (26) (11) 4 281 Ending Balance $ 5,275 $ 869 $ 1,306 $ 604 $ 208 $ 36 $ 8,298 Allowance for Loan Losses For the six months ended June 30, 2018 (In thousands) Commercial Commercial and Commercial Consumer Consumer Real Estate Industrial Construction Residential Nonresidential Unallocated Total Allowance for credit losses: Beginning Balance $ 4,832 $ 768 $ 1,191 $ 626 $ 268 $ 40 $ 7,725 Charge-offs — (86) — — (11) — (97) Recoveries — 31 — — — — 31 Provision 443 156 115 (22) (49) (4) 639 Ending Balance $ 5,275 $ 869 $ 1,306 $ 604 $ 208 $ 36 $ 8,298 Allowance for Loan Losses For the year ended December 31, 2018 (In thousands) Commercial Commercial and Commercial Consumer Consumer Real Estate Industrial Construction Residential Nonresidential Unallocated Total Allowance for credit losses: Beginning Balance $ 4,832 $ 768 $ 1,191 $ 626 $ 268 $ 40 $ 7,725 Charge-offs — (86) — (187) (292) — (565) Recoveries — 26 — 1 52 — 79 Provision 716 766 94 78 306 (40) 1,920 Beginning Balance $ 5,548 $ 1,474 $ 1,285 $ 518 $ 334 $ — $ 9,159 The following tables present the recorded investment in loans and impairment method as of June 30, 2019 and 2018, and at December 31, 2018, by portfolio segment: Allowance for Loan Losses At June 30, 2019 (In thousands) Commercial Commercial and Commercial Consumer Consumer Real Estate Industrial Construction Residential Nonresidential Total Allowance for credit losses: Ending Balance: Individually evaluated for impairment $ 26 $ 343 $ — $ 29 $ — $ 398 Purchase credit impaired — — — — — — Collectively evaluated for impairment 5,963 1,068 1,888 465 214 9,598 $ 5,989 $ 1,411 $ 1,888 $ 494 $ 214 $ 9,996 Loans Receivable At June 30, 2019 (In thousands) Commercial Commercial and Commercial Consumer Consumer Real Estate Industrial Construction Residential Nonresidential Total Financing receivables: Ending Balance Individually evaluated for impairment $ 5,493 $ 2,905 $ — $ 169 $ — $ 8,567 Purchase credit impaired 1,019 461 — 366 — 1,846 Collectively evaluated for impairment 728,509 131,352 218,182 123,593 24,249 1,225,885 $ 735,021 $ 134,718 $ 218,182 $ 124,128 $ 24,249 $ 1,236,298 Allowance for Loan Losses At June 30, 2018 (In thousands) Commercial Commercial Commercial Consumer Consumer Real Estate and Industrial Construction Residential Nonresidential Unallocated Total Allowance for credit losses: Ending Balance: Individually evaluated for impairment $ — $ — $ — $ — $ — $ — $ — Collectively evaluated for impairment 5,275 869 1,306 604 244 — 8,298 $ 5,275 $ 869 $ 1,306 $ 604 $ 244 $ — $ 8,298 Loans Receivable At June 30, 2018 (In thousands) Commercial Commercial Commercial Consumer Consumer Real Estate and Industrial Construction Residential Nonresidential Unallocated Total Financing receivables: Ending Balance Individually evaluated for impairment $ 1,897 $ 294 $ — $ 587 $ — $ — $ 2,778 Collectively evaluated for impairment 571,529 110,254 139,678 105,253 27,285 — 953,999 $ 573,426 $ 110,548 $ 139,678 $ 105,840 $ 27,285 $ — $ 956,777 Allowance for Loan Losses At December 31, 2018 (In thousands) Commercial Commercial Commercial Consumer Consumer Real Estate and Industrial Construction Residential Nonresidential Unallocated Total Allowance for credit losses: Ending Balance: Individually evaluated for impairment $ — $ 372 $ — $ 1 $ — $ — $ 373 Purchase credit impaired — — — — — — — Collectively evaluated for impairment 5,548 1,102 1,285 517 334 — 8,786 $ 5,548 $ 1,474 $ 1,285 $ 518 $ 334 $ — $ 9,159 Loans Receivable At December 31, 2018 (In thousands) Commercial Commercial Commercial Consumer Consumer Real Estate and Industrial Construction Residential Nonresidential Unallocated Total Financing receivables: Ending Balance Individually evaluated for impairment $ 1,306 $ 2,969 $ — $ 182 $ — $ — $ 4,457 Purchase credit impaired 139 467 421 374 — — 1,401 Collectively evaluated for impairment 682,157 133,892 152,918 130,875 32,308 — 1,132,150 $ 683,602 $ 137,328 $ 153,339 $ 131,431 $ 32,308 $ — $ 1,138,008 Impaired loans by class excluding purchased credit impaired, at June 30, 2019 and December 31, 2018, are summarized as follows: Impaired Loans – Originated Loan Portfolio Unpaid Average Interest Recorded Principal Related Recorded Income (In thousands) Investment Balance Allowance Investment Recognized June 30, 2019 With an allowance recorded: Commercial real estate $ — $ — $ — $ — $ — Commercial and industrial 1,788 1,789 343 1,791 69 Commercial construction — — — — — Consumer residential — — — — — Consumer nonresidential — — — — — $ 1,788 $ 1,789 $ 343 $ 1,791 $ 69 June 30, 2019 With no related allowance: Commercial real estate $ 5,301 $ 5,304 $ — $ 5,318 $ 121 Commercial and industrial 1,117 1,117 — 1,137 332 Commercial construction — — — — — Consumer residential — — — — — Consumer nonresidential — — — — — $ 6,418 $ 6,421 $ — $ 6,455 $ 453 Impaired Loans – Acquired Loan Portfolio Unpaid Average Interest Recorded Principal Related Recorded Income (In thousands) Investment Balance Allowance Investment Recognized June 30, 2019 With an allowance recorded: Commercial real estate $ 192 $ 192 $ 26 $ 192 $ 8 Commercial and industrial — — — — — Commercial construction — — — — — Consumer residential 169 163 29 163 5 Consumer nonresidential — — — — — $ 361 $ 355 $ 55 $ 355 $ 13 June 30, 2019 With no related allowance: Commercial real estate $ — $ — $ — $ — $ — Commercial and industrial — — — — — Commercial construction — — — — — Consumer residential — — — — — Consumer nonresidential — — — — — $ — $ — $ — $ — $ — Impaired Loans – Originated Loan Portfolio Unpaid Average Interest Recorded Principal Related Recorded Income (In thousands) Investment Balance Allowance Investment Recognized December 31, 2018 With an allowance recorded: Commercial real estate $ — $ — $ — $ — $ — Commercial and industrial 1,793 1,793 372 1,801 100 Commercial construction — — — — — Consumer residential 182 182 1 184 12 Consumer nonresidential — — — — — $ 1,975 $ 1,975 $ 373 $ 1,985 $ 112 December 31, 2018 With no related allowance: Commercial real estate $ 1,306 $ 1,319 $ — $ 1,321 $ 68 Commercial and industrial 1,156 1,170 — 1,378 81 Commercial construction — — — — — Consumer residential — — — — — Consumer nonresidential — — — — — $ 2,462 $ 2,489 $ — $ 2,699 $ 149 Impaired Loans – Acquired Loan Portfolio Unpaid Average Interest Recorded Principal Related Recorded Income (In thousands) Investment Balance Allowance Investment Recognized December 31, 2018 With an allowance recorded: Commercial real estate $ — $ — $ — $ — $ — Commercial and industrial — — — — — Commercial construction — — — — — Consumer residential — — — — — Consumer nonresidential — — — — — $ — $ — $ — $ — $ — December 31, 2018 With no related allowance: Commercial real estate $ — $ — $ — $ — $ — Commercial and industrial 20 20 — 58 3 Commercial construction — — — — — Consumer residential — — — — — Consumer nonresidential — — — — — $ 20 $ 20 $ — $ 58 $ 3 No additional funds are committed to be advanced in connection with the impaired loans. There were no nonaccrual loans excluded from the impaired loan disclosure. The Company categorizes loans into risk categories based on relevant information about the ability of borrowers to service their debt such as current financial information, historical payment experience, collateral adequacy, credit documentation, and current economic trends, among other factors. The Company analyzes loans individually by classifying the loans as to credit risk. This analysis typically includes larger, non‑homogeneous loans such as commercial real estate and commercial and industrial loans. This analysis is performed on an ongoing basis as new information is obtained. The Company uses the following definitions for risk ratings: Pass — Loans listed as pass include larger non‑homogeneous loans not meeting the risk rating definitions below and smaller, homogeneous loans not assessed on an individual basis. Special Mention — Loans classified as special mention have a potential weakness that deserves management’s close attention. If left uncorrected, these potential weaknesses may result in deterioration of the repayment prospects for the loan or of the institution’s credit position at some future date. Substandard — Loans classified as substandard are inadequately protected by the current net worth and paying capacity of the obligor or of the collateral pledged, if any. Loans so classified have a well‑defined weakness or weaknesses that jeopardize the liquidation of the debt. They are characterized by the enhanced possibility that the institution will sustain some loss if the deficiencies are not corrected. Doubtful — Loans classified as doubtful include those loans which have all the weaknesses inherent in those classified Substandard with the added characteristic that the weaknesses make collection or liquidation in full, based on currently known facts, conditions and values, improbable. Loss — Loans classified as loss include those loans which are considered uncollectible and of such little value that their continuance as loans is not warranted. Even though partial recovery may be achieved in the future, it is neither practical nor desirable to defer writing off these loans. Based on the most recent analysis performed, the risk category of loans by class of loans was as follows as of June 30, 2019 and December 31, 2018: As of June 30, 2019 – Originated Loan Portfolio Commercial Real Commercial and Commercial Consumer Consumer (In thousands) Estate Industrial Construction Residential Nonresidential Total Grade: Pass $ 659,207 $ 117,238 $ 207,451 $ 85,115 $ 24,120 $ 1,093,131 Special mention 15,617 6,792 3,087 705 19 26,220 Substandard 4,193 2,736 — 102 — 7,031 Doubtful — — — — — — Loss — — — — — — Total $ 679,017 $ 126,766 $ 210,538 $ 85,922 $ 24,139 $ 1,126,382 As of June 30, 2019 – Acquired Loan Portfolio Commercial Real Commercial and Commercial Consumer Consumer (In thousands) Estate Industrial Construction Residential Nonresidential Total Grade: Pass $ 54,611 $ 7,491 $ 7,644 $ 37,842 $ 110 $ 107,698 Special mention 1,109 — — 131 — 1,240 Substandard 284 461 — 233 — 978 Doubtful — — — — — — Loss — — — — — — Total $ 56,004 $ 7,952 $ 7,644 $ 38,206 $ 110 $ 109,916 As of December 31, 2018 – Originated Loan Portfolio Commercial Real Commercial and Commercial Consumer Consumer (In thousands) Estate Industrial Construction Residential Nonresidential Total Grade: Pass $ 610,580 $ 124,349 $ 141,694 $ 86,848 $ 32,184 $ 995,655 Special mention 6,034 1,783 — 761 — 8,578 Substandard — 2,777 — — — 2,777 Doubtful — — — — — — Loss — — — — — — Total $ 616,614 $ 128,909 $ 141,694 $ 87,609 $ 32,184 $ 1,007,010 As of December 31, 2018 – Acquired Loan Portfolio Commercial Real Commercial and Commercial Consumer Consumer (In thousands) Estate Industrial Construction Residential Nonresidential Total Grade: Pass $ 66,849 $ 7,952 $ 11,224 $ 43,811 $ 124 $ 129,960 Special mention 56 — 421 — — 477 Substandard 83 467 — 11 — 561 Doubtful — — — — — — Loss — — — — — — Total $ 66,988 $ 8,419 $ 11,645 $ 43,822 $ 124 $ 130,998 The Company categorizes loans into risk categories based on relevant information about the ability of borrowers to service their debt such as current financial information, historical payment experience, collateral adequacy, credit documentation, and current economic trends, among other factors. The Company analyzes loans individually by classifying the loans as to credit risk. This analysis includes, larger non-homogeneous loans such as commercial real estate and commercial and industrial loans. This analysis is performed on an ongoing basis as new information is obtained. At June 30, 2019, the Company had $26.2 million in loans identified as special mention within the originated loan portfolio, an increase of $17.6 million from December 31, 2018. Special mention rated loans are loans that have a potential weakness that deserves management's close attention. The increase from December 31, 2018 is concentrated in four loans that were added to this risk category during the second quarter of 2019. These loans do not have a specific reserve and are considered secured. At June 30, 2019, the Company had $7.0 million in loans identified as substandard within the originated loan portfolio, an increase of $4.3 million from December 31, 2018. Substandard rated loans are loans that are inadequately protected by the current net worth and paying capacity of the obligor or of the collateral pledged, if any. For each of these substandard loans, a liquidation analysis is completed. As of June 30, 2019, specific reserves totaling $398 thousand, has been allocated within the allowance for loan losses to supplement any shortfall of collateral. Past due and nonaccrual loans presented by loan class were as follows at June 30, 2019 and December 31, 2018: As of June 30, 2019 – Originated Loan Portfolio 30 - 59 days 60 - 89 days 90 days or more Total 90 days past due (In thousands) past due past due past due past due Current Total loans and still accruing Nonaccruals Commercial real estate $ 324 $ 829 $ 1,901 $ 3,054 $ 675,963 $ 679,017 $ 1,901 $ 4,191 Commercial and industrial 235 48 140 423 126,343 126,766 140 1,769 Commercial construction — — 593 593 209,945 210,538 593 — Consumer residential 187 — 344 531 85,391 85,922 344 163 Consumer nonresidential 64 200 — 264 23,875 24,139 — — Total $ 810 $ 1,077 $ 2,978 $ 4,865 $ 1,121,517 $ 1,126,382 $ 2,978 $ 6,123 As of June 30, 2019 – Acquired Loan Portfolio 30 - 59 days 60 - 89 days 90 days or more Total 90 days past due (In thousands) past due past due past due past due Current Total loans and still accruing Nonaccruals Commercial real estate $ 681 $ — $ 51 $ 732 $ 55,272 $ 56,004 $ 51 $ 275 Commercial and industrial — — — — 7,952 7,952 — 252 Commercial construction — — — — 7,644 7,644 — — Consumer residential 669 — — 669 37,537 38,206 — 310 Consumer nonresidential — 23 — 23 87 110 — — Total $ 1,350 $ 23 $ 51 $ 1,424 $ 108,492 $ 109,916 $ 51 $ 837 As of December 31, 2018 – Originated Loan Portfolio 30 - 59 days 60 - 89 days 90 days or more Total 90 days past due (In thousands) past due past due past due past due Current Total loans and still accruing Nonaccruals Commercial real estate $ 3,062 $ 2,148 $ — $ 5,210 $ 611,404 $ 616,614 $ — $ — Commercial and industrial 68 181 2,701 2,950 125,959 128,909 1,031 1,769 Commercial construction — — — — 141,694 141,694 — — Consumer residential 843 345 — 1,188 86,421 87,609 — 182 Consumer nonresidential 111 44 — 155 32,029 32,184 — — Total $ 4,084 $ 2,718 $ 2,701 $ 9,503 $ 997,507 $ 1,007,010 $ 1,031 $ 1,951 As of December 31, 2018 – Acquired Loan Portfolio 30 - 59 days 60 - 89 days 90 days or more Total 90 days past due (In thousands) past due past due past due past due Current Total loans and still accruing Nonaccruals Commercial real estate $ 1,001 $ 83 $ 56 $ 1,140 $ 65,848 $ 66,988 $ — $ 56 Commercial and industrial 446 — — 446 7,973 8,419 — — Commercial construction 186 — — 186 11,459 11,645 — — Consumer residential 2,785 612 173 3,570 40,252 43,822 — 173 Consumer nonresidential — — — — 124 124 — — Total $ 4,418 $ 695 $ 229 $ 5,342 $ 125,656 $ 130,998 $ — $ 229 There were overdrafts of $74 thousand and $28 thousand at June 30, 2019 and December 31, 2018, which have been reclassified from deposits to loans. At June 30, 2019 and December 31, 2018 loans with a carrying value of $167.7 million and $173.0 million were pledged to the Federal Home Loan Bank of Atlanta. There was a default of the one troubled debt restructuring (TDR) during the twelve months of the restructuring for the six months ended June 30, 2019. For the six months ended June 30, 2018, no TDRs defaulted within twelve months of the restructuring. The following table presents the TDR’s originiated during the six months ended June 30, 2019: For the six months ended June 30, 2019 Pre-Modification Post-Modification Outstanding Outstanding Number of Recorded Recorded Troubled Debt Restructurings Contracts Investment Investment (In thousands) Commercial real estate 1 $ 3,903 $ 3,903 Total 1 $ 3,903 $ 3,903 There were no TDR’s originated in the six months ended June 30, 2018. As of June 30, 2019, and December 31, 2018, the Company has a recorded investment in troubled debt restructurings of $3.9 million and $203 thousand, respectively. The concessions made in troubled debt restructurings were extensions of the maturity dates or reductions in the stated interest rate for the remaining life of the debt.

Derivative Financial Instrument

Derivative Financial Instruments	6 Months Ended
	Jun. 30, 2019
Derivative Financial Instruments
Derivative Financial Instruments	Note 4. Derivative Financial Instruments The Company enters into interest rate swap agreements (‘‘swap agreements’’) to facilitate the risk management strategies needed in order to accommodate the needs of its banking customers. The Company mitigates the risk of entering into these loan agreements by entering into equal and offsetting swap agreements with highly-rated third party financial institutions. These back-to-back swap agreements are free-standing derivatives and are recorded at fair value in the Company’s consolidated balance sheets (asset positions are included in other assets and liability positions are included in other liabilities) as of June 30, 2019 and December 31, 2018. The Company is party to master netting arrangements with its financial institution counterparty; however, the Company does not offset assets and liabilities under these arrangements for financial statement presentation purposes. The master netting arrangements provide for a single net settlement of all swap agreements, as well as collateral, in the event of default on, or termination of, any one contract. Parties to a centrally cleared over-the-counter derivative exchange daily payments that reflect the daily change in value of the derivative. These payments, commonly referred to as variation margin, are recorded as settlements of the derivatives’ mark-to-market exposure rather than collateral against the exposures, which effectively results in any centrally cleared derivative having a Level 2 fair value that approximates zero on a daily basis, and therefore, these swap agreements were not included in the offsetting table in the Fair Value Measurement section. As of June 30, 2019, the Company entered into fourteen interest rate swap agreements which are collateralized with $6.1 million in cash. There were eight agreements outstanding as of December 31, 2018 which were collateralized with $1.6 million in cash. The notional amount and fair value of the Company’s derivative financial instruments as of June 30, 2019 and December 31, 2018 were as follows: June 30, 2019 Notional Amount Fair Value Interest Rate Swap Agreements (In thousands) Receive Fixed/Pay Variable Swaps $ 70,606 $ (5,611) Pay Fixed/Receive Variable Swaps 70,606 5,611 December 31, 2018 Notional Amount Fair Value Interest Rate Swap Agreements (In thousands) Receive Fixed/Pay Variable Swaps $ 47,381 $ (1,705) Pay Fixed/Receive Variable Swaps 47,381 1,705

Financial Instruments with Off-

Financial Instruments with Off-Balance Sheet Risk	6 Months Ended
	Jun. 30, 2019
Financial Instruments with Off-Balance Sheet Risk
Financial Instruments with Off-Balance Sheet Risk	Note 5. Financial Instruments with Off‑Balance Sheet Risk The Company is party to credit‑related financial instruments with off‑balance sheet risk in the normal course of business to meet the financing needs of its customers. These financial instruments include commitments to extend credit and standby letters of credit. Such commitments involve, to varying degrees, elements of credit and interest rate risk in excess of the amount recognized in the balance sheet. The Company’s exposure to credit loss is represented by the contractual amount of these commitments. The Company follows the same credit policies in making commitments as it does for on‑balance sheet instruments. At June 30, 2019 and December 31, 2018, the following financial instruments were outstanding which contract amounts represent credit risk: (In thousands) June 30, 2019 December 31, 2018 Commitments to grant loans $ 29,948 $ 22,349 Unused commitments to fund loans and lines of credit 258,134 216,043 Commercial and standby letters of credit 10,772 9,383 Commitments to extend credit are agreements to lend to a customer as long as there is no violation of any condition established in the contract. Commitments generally have fixed expiration dates or other termination clauses and may require payment of a fee. The commitments for equity lines of credit may expire without being drawn upon. Therefore, the total commitment amounts do not necessarily represent future cash requirements. The amount of collateral obtained, if it is deemed necessary by the Company, is based on management’s credit evaluation of the customer. Unfunded commitments under commercial lines of credit, revolving credit lines and overdraft protection agreements are commitments for possible future extensions of credit to existing customers. These lines of credit usually do not contain a specified maturity date and may not be drawn upon to the total extent to which the Company is committed. The amount of collateral obtained, if it is deemed necessary by the Company, is based on management’s credit evaluation of the customer. Commercial and standby letters of credit are conditional commitments issued by the Company to guarantee the performance of a customer to a third party. Those letters of credit are primarily issued to support public and private borrowing arrangements. Essentially all letters of credit issued have expiration dates within one year. The credit risk involved in issuing letters of credit is essentially the same as that involved in extending loan facilities to customers. The Company generally holds collateral supporting those commitments, if deemed necessary. The Company maintains its cash accounts with the Federal Reserve and correspondent banks. The total amount of cash on deposit in correspondent banks exceeding the federally insured limits was $10.8 million and $5.1 million at June 30, 2019 and December 31, 2018, respectively.

Stock-Based Compensation Plan

Stock-Based Compensation Plan	6 Months Ended
	Jun. 30, 2019
Stock-Based Compensation Plan
Stock-Based Compensation Plan	Note 6. Stock‑Based Compensation Plan The Company’s Amended and Restated 2008 Option Plan (the Plan), which is stockholder‑approved, was adopted to advance the interests of the Company by providing selected key employees of the Company, their affiliates, and directors with the opportunity to acquire shares of common stock. In June 2018, the stockholders approved an amendment to the Amended and Restated 2008 Plan to extend the term and increase the number of shares authorized for issuance under the Plan by 200,000 shares. The maximum number of shares with respect to which awards may be made is 2,529,296 shares of common stock, subject to adjustment for certain corporate events. Option awards are generally granted with an exercise price equal to the market price of the Company’s stock at the date of grant, generally vest annually over four years of continuous service and have ten year contractual terms. At June 30, 2019, 241,167 shares were available to grant under the Plan. No options were granted during the six months ended June 30, 2019 and 2018, respectively. A summary of option activity under the Plan as of June 30, 2019, and changes during the three months ended is presented below : Weighted- Weighted- Average Number Average Remaining Aggregate of Exercise Contractual Intrinsic Options Shares Price Term Value (1) Outstanding at January 1, 2019 1,976,247 $ 8.00 4.98 Granted — — Exercised (127,157) 6.83 Forfeited or expired (1,563) 11.52 Outstanding at June 30, 2019 1,847,527 $ 8.08 $ 20,957,235 Exercisable at June 30, 2019 1,764,502 $ 7.91 $ 20,303,063 (1) The aggregate intrinsic value of stock options represents the total pre‑tax intrinsic value (the amount by which the current market value of the underlying stock exceeds the exercise price of the option) that would have been received by the option holders had all option holders exercised their options on June 30, 2019. This amount changes based on changes in the market value of the Company’s stock. The compensation cost that has been charged to income for the plan was $107 thousand and $178 thousand for the three months ended June 30, 2019 and 2018, respectively. Total compensation cost for the six months ended June 30, 2019 and 2018 was $272 thousand and $350 thousand, respectively. As of June 30, 2019, there was unamortized compensation expense of $159 thousand that will be amortized over 10 months. The total income tax benefit related to stock options exercised and recognized in the income statement for share-based compensation arrangements was $0 and $91 thousand for the three months ended June 30, 2019 and 2018, respectively. Tax benefits recognized for nonqualified stock options during the six months ended June 30, 2019 and 2018 totaled $108 thousand and $283 thousand, respectively. A summary of the Company’s restricted stock grant activity as of June 30, 2019 is shown below. Weighted Average Number of Grant Date Shares Fair Value Nonvested at January 1, 2019 50,629 $ 17.57 Granted 1,000 17.25 Vested — — Forfeited (2,750) 18.68 Balance at June 30, 2019 48,879 $ 17.50 As of June 30, 2019, there was $689 thousand of total unrecognized compensation cost related to nonvested restricted shares granted under the Plan. The cost is expected to be recognized over a weighted‑average period of 29 months.

Fair Value Measurements

Fair Value Measurements	6 Months Ended
	Jun. 30, 2019
Fair Value Measurements
Fair Value Measurements	Note 7. Fair Value Measurements Determination of Fair Value The Company uses fair value measurements to record fair value adjustments to certain assets and liabilities and to determine fair value disclosures. In accordance with Fair Value Measurements and Disclosures topic of FASB ASC, the fair value of a financial instrument is the price that would be received to sell an asset or paid to transfer a liability in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants at the measurement date. Fair value is best determined based upon quoted market prices. However, in many instances, there are no quoted market prices for the Company's various financial instruments. In cases where quoted market prices are not available, fair values are based on estimates using present value or other valuation techniques. Those techniques are significantly affected by the assumptions used, including the discount rate and estimates of future cash flows. Accordingly, the fair value estimates may not be realized in an immediate settlement of the instrument. The fair value guidance provides a consistent definition of fair value, which focuses on exit price in an orderly transaction (that is, not a forced liquidation or distressed sale) between market participants at the measurement date under current market conditions. If there has been a significant decrease in the volume and level of activity for the asset or liability, a change in valuation technique or the use of multiple valuation techniques may be appropriate. In such instances, determining the price at which willing market participants would transact at the measurement date under current market conditions depends on the facts and circumstances and requires the use of significant judgment. The fair value is a reasonable point within the range that is most representative of fair value under current market conditions. Fair Value Hierarchy In accordance with this guidance, the Company groups its financial assets and financial liabilities generally measured at fair value in three levels, based on the markets in which the assets and liabilities are traded and the reliability of the assumptions used to determine fair value. Level 1— Valuation is based on quoted prices in active markets for identical assets and liabilities. Level 2— Valuation is based on observable inputs including quoted prices in active markets for similar assets and liabilities, quoted prices for identical or similar assets and liabilities in less active markets, and model‑based valuation techniques for which significant assumptions can be derived primarily from or corroborated by observable data in the market. Level 3— Valuation is based on model‑based techniques that use one or more significant inputs or assumptions that are unobservable in the market. The following describes the valuation techniques used by the Company to measure certain financial assets and liabilities recorded at fair value on a recurring basis in the financial statements: Securities available‑for‑sale : Securities available‑for‑sale are recorded at fair value on a recurring basis. Fair value measurement is based upon quoted market prices, when available (Level 1). If quoted market prices are not available, fair values are measured utilizing independent valuation techniques of identical or similar securities for which significant assumptions are derived primarily from or corroborated by observable market data. Third party vendors compile prices from various sources and may determine the fair value of identical or similar securities by using pricing models that considers observable market data (Level 2). The following table presents the balances of financial assets and liabilities measured at fair value on a recurring basis as of June 30, 2019 and December 31, 2018: Fair Value Measurements at June 30, 2019 Using Quoted Prices in Active Significant Markets for Other Significant Balance as of Identical Observable Unobservable (In thousands) June 30, Assets Inputs Inputs Description 2019 (Level 1) (Level 2) (Level 3) Assets Available-for-sale Securities of U.S. government and federal agencies $ 994 $ — $ 994 $ — Securities of state and local municipalities tax exempt 3,733 — 3,733 — Securities of state and local municipalities taxable 2,282 — 2,282 — Corporate bonds 4,971 — 4,971 — Certificates of deposit 245 — 245 — SBA pass-through securities 175 — 175 — Mortgage-backed securities 94,712 — 94,712 — Collateralized mortgage obligations 27,359 — 27,359 — Total Available-for-Sale Securities $ 134,471 $ — $ 134,471 $ — Fair Value Measurements at December 31, 2018 Using Quoted Prices in Active Significant Markets for Other Significant Balance as of Identical Observable Unobservable (In thousands) December 31, Assets Inputs Inputs Description 2018 (Level 1) (Level 2) (Level 3) Assets Available-for-sale Securities of U.S. government and federal agencies $ 956 $ — $ 956 $ — Securities of state and local municipalities tax exempt 3,639 — 3,639 — Securities of state and local municipalities taxable 2,308 — 2,308 — Corporate bonds 5,013 — 5,013 — Certificates of deposit 244 — 244 — SBA pass-through securities 195 — 195 — Mortgage-backed securities 88,037 — 88,037 — Collateralized mortgage obligations 23,145 — 23,145 — Total Available-for-Sale Securities $ 123,537 $ — $ 123,537 $ — Certain financial assets are measured at fair value on a nonrecurring basis in accordance with GAAP. Adjustments to the fair value of these assets usually result from the application of lower of cost or market accounting or write‑downs of individual assets. The following describes the valuation techniques used by the Company to measure certain financial assets recorded at fair value on a nonrecurring basis in the financial statements: Impaired Loans : Loans are designated as impaired when, in the judgment of management based on current information and events, it is probable that all amounts due according to the contractual terms of the loan agreement will not be collected. The measurement of loss associated with impaired loans can be based on either the observable market price of the loan or the fair value of the collateral. Fair value is measured based on the value of the collateral securing the loans. Collateral may be in the form of real estate or business assets including equipment, inventory, and accounts receivable. The vast majority of the collateral is real estate. The value of real estate collateral is determined utilizing a market valuation approach based on an appraisal conducted by an independent, licensed appraiser outside of the Company using observable market data (Level 2). However, if the collateral is a house or building in the process of construction, has the value derived by discounting comparable sales due to lack of similar properties, or is discounted by the Company due to marketability, then the fair value is considered Level 3. The value of business equipment is based upon an outside appraisal if deemed significant, or the net book value on the applicable business’s financial statements if not considered significant using observable market data. Likewise, values for inventory and accounts receivables collateral are based on financial statement balances or aging reports (Level 3). Impaired loans allocated to the Allowance for Loan Losses are measured at fair value on a nonrecurring basis. Any fair value adjustments are recorded in the period incurred as provision for loan losses on the Statements of Income. Other Real Estate Owned: Assets acquired through or instead of loan foreclosure are initially recorded at fair value less costs to sell when acquired, establishing a new cost basis. These assets are subsequently accounted for at lower of cost or fair value less estimated costs to sell. Fair value is commonly based on recent real estate appraisals which are updated no less frequently than annually. These appraisals may utilize a single valuation approach or a combination of approaches including comparable sales and the income approach with data from comparable properties. Adjustments are routinely made in the appraisal process by the independent appraisers to adjust for differences between the comparable sales and income data available, which results in a Level 3 classification of the inputs for determining fair value. Other real estate owned properties are evaluated regularly for impairment and adjusted accordingly. The following table summarizes the Company’s assets that were measured at fair value on a nonrecurring basis at June 30, 2019 and December 31, 2018: Fair Value Measurements Using Quoted Prices in Active Significant Markets for Other Significant Balance as of Identical Observable Unobservable (In thousands) June 30, Assets Inputs Inputs Description 2019 (Level 1) (Level 2) (Level 3) Assets Impaired loans $ 1,751 $ — $ — $ 1,751 Other real estate owned $ 3,866 $ — $ — $ 3,866 Fair Value Measurements Using Quoted Prices in Active Significant Markets for Other Significant Balance as of Identical Observable Unobservable (In thousands) December 31, Assets Inputs Inputs Description 2018 (Level 1) (Level 2) (Level 3) Assets Impaired Loans $ 1,602 $ — $ — $ 1,602 Other real estate owned $ 4,224 $ — $ 358 $ 3,866 The following table displays quantitative information about Level 3 Fair Value Measurements for June 30, 2019 and December 31, 2018: Quantitative information about Level 3 Fair Value Measurements for June 30, 2019 (In thousands) Assets Fair Value Valuation Technique(s) Unobservable input Range (Avg.) Impaired loans $ 1,751 Discounted value Marketability/Selling costs 5% - 10% (7.95%) Other real estate owned $ 3,866 Discounted appraised value Selling costs 10.51 % Quantitative information about Level 3 Fair Value Measurements for December 31, 2018 (In thousands) Assets Fair Value Valuation Technique(s) Unobservable input Range (Avg.) Impaired loans $ 1,602 Discounted value Marketability/Selling costs 0.60% - 11% (10.89%) Other real estate owned $ 3,866 Discounted appraised value Selling costs 10.51 % 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, 2019 and December 31, 2018. Fair values for June 30, 2019 and December 31, 2018 are estimated under the exit price notion in accordance with the prospective adoption of ASU 2016‑01, “Recognition and Measurement of Financial Assets and Financial Liabilities.” Fair Value Measurements as of June 30, 2019, using Quoted Prices in Active Markets for Significant Significant Identical Unobservable Unobservable Carrying Assets Inputs Inputs (In thousands) Amount Level 1 Level 2 Level 3 Financial assets: Cash and due from banks $ 15,201 $ 15,201 $ — $ — Interest-bearing deposits at other institutions 29,149 29,149 — — Securities held-to-maturity 1,761 — 1,769 — Securities available-for-sale 134,471 — 134,471 — Restricted stock 5,379 — 5,379 — Loans, net 1,224,376 — — 1,211,721 Bank owned life insurance 26,621 — 26,621 — Accrued interest receivable 4,653 — 4,653 — Financial liabilities: Checking, savings and money market accounts $ 877,427 $ — $ 877,427 $ — Time deposits 391,947 — 392,234 — Subordinated notes 24,447 — 25,003 — Accrued interest payable 809 — 809 — Fair Value Measurements as of December 31, 2018, using Quoted Prices in Active Markets for Significant Significant Identical Unobservable Unobservable Carrying Assets Inputs Inputs (In thousands) Amount Level 1 Level 2 Level 3 Financial assets: Cash and due from banks $ 9,435 $ 9,435 $ — $ — Interest-bearing deposits at other institutions 34,060 34,060 — — Securities held-to-maturity 1,761 — 1,735 Securities available-for-sale 123,537 — 123,537 — Restricted stock 5,299 — 5,299 — Loans, net 1,127,584 — — 1,116,012 Bank owned life insurance 16,406 — 16,406 — Accrued interest receivable 4,050 — 4,050 — Financial liabilities: Checking, savings and money market accounts $ 817,054 $ — $ 817,054 $ — Time deposits 345,386 — 344,877 — Subordinated notes 24,407 — 24,515 — Accrued interest payable 811 — 811 —

Earnings Per Share

Earnings Per Share	6 Months Ended
	Jun. 30, 2019
Earnings Per Share
Earnings Per Share	Note 8. Earnings Per Share Basic earnings per share excludes dilution and is computed by dividing net income available to common stockholders by the weighted average number of common shares outstanding for the period. Diluted earnings per share reflects the potential dilution that could occur if contracts to issue common stock were exercised or converted into common stock, or resulted in the issuance of stock which then shared in the earnings of the Company. The following shows the weighted average number of shares used in computing earnings per share and the effect of weighted average number of shares of dilutive potential common stock. Dilutive potential common stock has no effect on income available to common stockholders. There were 0 and 625 shares excluded from the calculation for June 30, 2019 and 2018, respectively, as they were anti‑dilutive. Three Months Ended Six Months Ended June 30, June 30, (In thousands, except per share data) 2019 2018 2019 2018 Net income $ 4,085 $ 3,077 $ 8,011 $ 6,074 Weighted average number of shares 13,803 11,024 13,763 10,979 Effect of dilutive securities, restricted stock units and options 1,014 1,039 1,036 1,079 Weighted average diluted shares 14,817 12,063 14,799 12,058 Basic EPS $ 0.30 $ 0.28 $ 0.58 $ 0.55 Diluted EPS $ 0.28 $ 0.26 $ 0.54 $ 0.50

Accumulated Other Comprehensive

Accumulated Other Comprehensive Income (Loss)	6 Months Ended
	Jun. 30, 2019
Accumulated Other Comprehensive Income (Loss)
Accumulated Other Comprehensive Income (Loss)	Note 9. Accumulated Other Comprehensive Income (Loss) Changes in accumulated other comprehensive income (AOCI) for the three and six months ended June 30, 2019 and 2018 are shown in the following table. The Company has only one component, which is available‑for‑sale securities, for the periods presented. Three Months Ended Six Months Ended (In thousands) June 30, June 30, Available-for-Sale Securities 2019 2018 2019 2018 Balance, beginning of period $ (1,031) $ (3,092) $ (2,411) $ (1,693) Net unrealized gains (losses) during the period 1,382 (397) 2,762 (1,796) Other comprehensive income (loss), net of tax 1,382 (397) 2,762 (1,796) Balance, end of period $ 351 $ (3,489) $ 351 $ (3,489)

Subordinated Notes

Subordinated Notes	6 Months Ended
	Jun. 30, 2019
Subordinated Notes
Subordinated Notes	Note 10. Subordinated Notes On June 20, 2016, the Company issued $25 million in private placement of fixed‑to‑floating subordinated notes due June 30, 2026. Interest is payable at 6.00% per annum, from and including June 20, 2016 to, but excluding June 30, 2021, payable semi‑annually in arrears. From and including June 30, 2021 to the maturity date or early redemption date, the interest rate shall reset quarterly to an interest rate per annum equal to the then current three-month LIBOR rate plus 487 basis points, payable quarterly in arrears. The Company may, at its option, beginning with the interest payment date of June 30, 2021 and on any scheduled interest payment date thereafter redeem the subordinated notes, in whole or in part, upon not fewer than 30 nor greater than 60 days’ notice to holders, at a redemption price equal to 100% of the principal amount of the subordinated notes to be redeemed plus accrued and unpaid interest to, but excluding, the date of redemption. Any partial redemption will be made pro rata among all of the holders. The subordinated notes qualify as Tier 2 capital for the Company to the fullest extent permitted under the BASEL III capital rules. When contributed to the capital of the Bank, the proceeds of the subordinated notes may be included in Tier 1 capital for the Bank. At June 30, 2019 and December 31, 2018, $21 million of the proceeds of the Company’s subordinated notes have been included in the Bank’s Tier 1 capital.

Revenue Recognition

Revenue Recognition	6 Months Ended
	Jun. 30, 2019
Revenue Recognition
Revenue Recognition	Note 11. Revenue Recognition On January 1, 2018, the Company adopted ASU No. 2014‑09 ''Revenue from Contracts with Customers'' (Topic 606) and all subsequent ASUs that modified Topic 606. The implementation of the new standard did not have a material impact on the measurement or recognition of revenue; as such, a cumulative effect adjustment to opening retained earnings was not deemed necessary. Results for reporting periods beginning after January 1, 2018 are presented under Topic 606. Topic 606 does not apply to revenue associated with financial instruments, including revenue from loans and securities. In addition, certain noninterest income streams such as fees associated with mortgage servicing rights, gain on sale of securities, BOLI income, financial guarantees, derivatives, and certain credit card fees are also not in scope of the new guidance. Topic 606 is applicable to noninterest revenue streams such as trust and asset management income, deposit related fees, interchange fees, merchant income, and insurance commissions. However, the recognition of these revenue streams did not change significantly upon adoption of Topic 606. Substantially all of the Company’s revenue is generated from contracts with customers. Noninterest revenue streams in‑scope of Topic 606 are discussed below. Service Charges on Deposit Accounts Service charges on deposit accounts consist of account analysis fees (i.e., net fees earned on analyzed business and personal checking accounts), monthly service fees, check orders, and other deposit account related fees. The Company’s performance obligation for account analysis fees and monthly service fees is generally satisfied, and the related revenue recognized, over the period in which the service is provided. Check orders and other deposit account related fees are largely transactional based, and therefore, the Company’s performance obligation is satisfied, and related revenue recognized, at a point in time. Payment for service charges on deposit accounts is primarily received immediately or in the following month through a direct charge to customers’ accounts. Fees, Exchange and Other Service Charges Fees, exchange, and other service charges are primarily comprised of debit and credit card income, ATM fees, merchant services income, and other service charges. Debit and credit card income is primarily comprised of interchange fees earned whenever the Company’s debit and credit cards are processed through card payment networks such as Visa. ATM fees are primarily generated when a Company cardholder uses a non‑Company ATM or a non‑Company cardholder uses a Company ATM. Merchant services income mainly represents fees charged to merchants to process their debit and credit card transactions, in addition to account management fees. Other service charges include revenue from processing wire transfers, bill pay service, cashier’s checks, and other services. The Company’s performance obligation for fees, exchange, and other service charges are largely satisfied, and related revenue recognized, when the services are rendered or upon completion. Payment is typically received immediately or in the following month. This income is reflected in other income on the Company’s consolidated statements of income. Other income Other noninterest income consists of loan swap fees, insurance commissions, and other miscellaneous revenue streams not meeting the criteria above. The Company receives monthly recurring commissions based as a percentage of premiums issued and revenue is recognized when received. Any residual miscellaneous fees are recognized as they occur, and therefore, the Company determined this consistent practice satisfies the obligation for performance. The following presents noninterest income, segregated by revenue streams in-scope and out-of-scope of Topic 606, for the three and six months ended June 30, 2019 and 2018: Three Months Ended Six Months Ended June 30, June 30, (In thousands) 2019 2018 2019 2018 Noninterest Income In-scope of Topic 606 Service Charges on Deposit Accounts $ 229 $ 152 $ 411 $ 293 Fees, Exchange, and Other Service Charges 123 71 198 118 Other 11 19 25 28 Noninterest Income (in-scope of Topic 606) 363 242 634 439 Noninterest Income (out-scope of Topic 606) 176 121 643 309 Total Noninterest Income $ 539 $ 363 $ 1,277 $ 748 Contract Balances A contract asset balance occurs when an entity performs a service for a customer before the customer pays consideration (resulting in a contract receivable) or before payment is due (resulting in a contract asset). A contract liability balance is an entity’s obligation to transfer a service to a customer for which the entity has already received payment (or payment is due) from the customer. The Company’s noninterest revenue streams are largely based on transactional activity. Consideration is often received immediately or shortly after the Company satisfies its performance obligation and revenue is recognized. The Company does not typically enter into long‑term revenue contracts with customers, and therefore, does not experience significant contract balances. As of June 30, 2019, the Company did not have any significant contract balances. Contract Acquisition Costs In connection with the adoption of Topic 606, an entity is required to capitalize, and subsequently amortize into expense, certain incremental costs of obtaining a contract with a customer if these costs are expected to be recovered. The incremental costs of obtaining a contract are those costs that an entity incurs to obtain a contract with a customer that it would not have incurred if the contract had not been obtained (for example, sales commission). The Company utilizes the practical expedient which allows entities to immediately expense contract acquisition costs when the asset that would have resulted from capitalizing these costs would have been amortized in one year or less. Upon adoption of Topic 606, the Company did not capitalize any contract acquisition cost.

Supplemental Cash Flow Informat

Supplemental Cash Flow Information	6 Months Ended
	Jun. 30, 2019
Supplemental Cash Flow Information
Supplemental Cash Flow Information	Note 12. Supplemental Cash Flow Information For the Six Months Ended June 30, (In thousands) 2019 2018 Supplemental Disclosure of Cash Flow Information: Cash paid for: Interest on deposits and borrowed funds $ 8,817 $ 5,160 Income taxes 939 3,632 Noncash investing and financing activities: Unrealized gain (loss) on securities available-for-sale 3,496 (2,273) Initial right of use asset - operating leases 12,249 — Initial lease liability - operating leases 12,656 —

Leases

Leases	6 Months Ended
	Jun. 30, 2019
Leases
Leases	Note 13. Leases On January 1, 2019, the Company adopted ASU No. 2016-02 “Leases (Topic 842)” and all subsequent ASUs that modified Topic 842. The Company elected the prospective application approach provided by ASU 2018-11 and did not adjust prior periods for ASC 842. There was a cumulative effect adjustment of approximately $86 thousand at adoption. The Company also elected certain practical expedients within the standard and did not reassess whether any expired or existing contracts are or contain leases, did not reassess the lease classification for any expired or existing leases and did not reassess any initial direct costs for existing leases. Prior to adoption, all of the Company’s leases were classified as operating leases and remain operating leases at adoption. The implementation of the new standard resulted in recognition of a right-of-use asset of approximately $12.2 million and an offsetting lease liability of $12.7 million for leases existing at the date of adoption. Contracts that commence subsequent to adoption are evaluated to determine whether they are or contain a lease in accordance with Topic 842. The Company has elected the practical expedient provided by Topic 842 not to allocate consideration in a contract between lease and non-lease components. The Company also elected, as provided by the standard, not to recognize right-of-use assets and lease liabilities for short-term leases, defined by the standard as leases with terms of 12 months or less. Lease liabilities represent the Company’s obligation to make lease payments and are presented at each reporting date as the net present value of the remaining contractual cash flows. Cash flows are discounted at the Company’s incremental borrowing rate in effect at the commencement date of the lease. Right-of-use assets represent the Company’s right to use the underlying asset for the lease term and are calculated as the sum of the lease liability and if applicable, prepaid rent, initial direct costs and any incentives received from the lessor. Lease payments Lease payments for short-term leases are recognized as lease expense on a straight-line basis over the lease term, or for variable lease payments, in the period in which the obligation was incurred. Payments for leases with terms longer than twelve months are included in the determination of the lease liability. Payments may be fixed for the term of the lease or variable. If the lease agreement provides a known escalator, such as a specified percentage increase per year or a stated increase at a specified time, the variable payment is included in the cash flows used to determine the lease liability. If the variable payment is based upon an unknown escalator, such as the consumer price index at a future date, the increase is not included in the cash flows used to determine the lease liability. The Company’s leases provide known escalators that are included in the determination of the lease liability, with the exception of three lease agreements. Options to Extend, Residual Value Guarantees, and Restrictions and Covenants The Company’s leases offer the option to extend the lease term. For each of the leases, the Company is reasonably certain it will exercise the options and has included the additional time and lease payments in the calculation of the lease liability. None of the Company’s leases provide for residual value guarantees and none provide restrictions or covenants that would impact dividends or require incurring additional financial obligations. The following tables present information about leases: (In thousands) June 30, 2019 Lease Liability $ 12,177 Right-of-Use-Asset $ 11,843 Weighted Average Remaining Lease Term Weighted Average discount rate 3.40 % For the Three Months Ended For the Six Months Ended (In thousands) June 30, 2019 June 30, 2019 Operating Lease Expense $ 445 $ 915 Cash paid for amounts included in lease liabilities $ 405 $ 843 The following table presents a maturity schedule of undiscounted cash flows that contribute to the lease liability: (In thousands) June 30, 2019 Six months ending December 31, 2019 $ 763 Twelve months ending December 31, 2020 1,401 Twelve months ending December 31, 2021 1,409 Twelve months ending December 31, 2022 1,444 Twelve months ending December 31, 2023 1,437 Twelve months ending December 31, 2024 1,403 Thereafter 6,823 Total $ 14,680 Less: discount (2,503) $ 12,177

Organization and Summary of S_2

Organization and Summary of Significant Accounting Policies (Policies)	6 Months Ended
	Jun. 30, 2019
Organization and Summary of Significant Accounting Policies
Recent Accounting Pronouncements	Recent Accounting Pronouncements In June 2016, the FASB issued ASU No. 2016-13, “Financial Instruments – Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments.” The amendments in this ASU, among other things, require the measurement of all expected credit losses for financial assets held at the reporting date based on historical experience, current conditions, and reasonable and supportable forecasts. Financial institutions and other organizations will now use forward-looking information to better inform their credit loss estimates. Many of the loss estimation techniques applied today will still be permitted, although the inputs to those techniques will change to reflect the full amount of expected credit losses. In addition, the ASU amends the accounting for credit losses on available-for-sale debt securities and purchased financial assets with credit deterioration. The amendments in this ASU are effective for U.S. Securities and Exchange Commission (SEC) filers for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2019. Based on FASB's July 17, 2019 meeting, an exposure draft is expected that, once finalized, could change implementation dates for many companies. The Company has identified a third party vendor to assist in the measurement of expected credit losses under this standard. The implementation committee has completed the data collection process, validated the data inputs, and is in the initial phases of evaluating various allowance methodologies for certain loan segments within the Company’s loan portfolio. The Company is currently evaluating the implementation of ASU 2016-13 due to the change in implementation dates for smaller reporting companies included in the FASB's Exposure Draft. In January 2017, the FASB issued ASU No. 2017-04, “Intangibles – Goodwill and Other (Topic 350): Simplifying the Test for Goodwill Impairment.” The amendments in this ASU simplify how an entity is required to test goodwill for impairment by eliminating Step 2 from the goodwill impairment test. Step 2 measures a goodwill impairment loss by comparing the implied fair value of a reporting unit’s goodwill with the carrying amount of that goodwill. Instead, under the amendments in this ASU, an entity should perform its annual, or interim, goodwill impairment test by comparing the fair value of a reporting unit with its carrying amount. An entity still has the option to perform the qualitative assessment for a reporting unit to determine if the quantitative impairment test is necessary. Public business entities that are SEC filers should adopt the amendments in this ASU for annual or interim goodwill impairment tests in fiscal years beginning after December 15, 2019. Early adoption is permitted for interim or annual goodwill impairment tests performed on testing dates after January 1, 2017. The Company does not expect the adoption of ASU 2017-04 to have a material impact on its consolidated financial statements. In August 2018, the FASB issued ASU 2018-13, “Fair Value Measurement (Topic 820): Disclosure Framework—Changes to the Disclosure Requirements for Fair Value Measurement.” The amendments modify the disclosure requirements in Topic 820 to add disclosures regarding changes in unrealized gains and losses, the range and weighted average of significant unobservable inputs used to develop Level 3 fair value measurements and the narrative description of measurement uncertainty. Certain disclosure requirements in Topic 820 are also removed or modified. The amendments are effective for fiscal years beginning after December 15, 2019, and interim periods within those fiscal years. Certain of the amendments are to be applied prospectively while others are to be applied retrospectively. Early adoption is permitted. The Company does not expect the adoption of ASU 2018-13 to have a material impact on its consolidated financial statements. In April 2019, the FASB issued ASU 2019-04, "Codification Improvements to Topic 326, Financial Instruments-Credit Losses, Topic 815, Derivatives and Hedging, and Topic 825, Financial Instruments." This ASU clarifies and improves areas of guidance related to the recently issued standards on credit losses, hedging, and recognition and measurement including improvements resulting from various TRG Meetings. The amendments are effective for fiscal years beginning after December 15, 2019, and interim periods within those fiscal years. Early adoption is permitted. The Company is currently assessing the impact that ASU 2019-04 will have on its consolidated financial statements. In May 2019, the FASB issued ASU 2019-05, "Financial Instruments-Credit Losses (Topic 326): Targeted Transition Relief." The amendments in this ASU provide entities that have certain instruments within the scope of Subtopic 326-20 with an option to irrevocably elect the fair value option in Subtopic 825-10, applied on an instrument-by-instrument basis for eligible instruments, upon the adoption of Topic 326. The fair value option election does not apply to held-to-maturity debt securities. An entity that elects the fair value option should subsequently measure those instruments at fair value with changes in fair value flowing through earnings. The amendments are effective for fiscal years beginning after December 15, 2019, and interim periods within those fiscal years. The amendments should be applied on a modified-retrospective basis by means of a cumulative-effect adjustment to the opening balance of retained earnings balance in the balance sheet. Early adoption is permitted. The Company is currently assessing the impact that ASU 2019-05 will have on its consolidated financial statements.

Securities (Tables)

Securities (Tables)	6 Months Ended
	Jun. 30, 2019
Securities
Schedule of amortized cost and fair values of securities held-to-maturity and securities available-for-sale	June 30, 2019 Gross Gross Amortized Unrealized Unrealized Fair (In thousands) Cost Gains (Losses) Value Held-to-maturity Securities of state and local municipalities tax exempt $ 264 $ 5 $ — $ 269 Securities of U.S. government and federal agencies 1,497 3 — 1,500 Total Held-to-maturity Securities $ 1,761 $ 8 $ — $ 1,769 Available-for-sale Securities of U.S. government and federal agencies $ 1,000 $ — $ (6) $ 994 Securities of state and local municipalities tax exempt 3,671 62 — 3,733 Securities of state and local municipalities taxable 2,309 1 (28) 2,282 Corporate bonds 5,000 60 (89) 4,971 Certificates of deposit 245 — — 245 SBA pass-through securities 179 — (4) 175 Mortgage-backed securities 94,362 851 (501) 94,712 Collateralized mortgage obligations 27,354 271 (266) 27,359 Total Available-for-sale Securities $ 134,120 $ 1,245 $ (894) $ 134,471 December 31, 2018 Gross Gross Amortized Unrealized Unrealized Fair (In thousands) Cost Gains (Losses) Value Held-to-maturity Securities of state and local municipalities tax exempt $ 264 $ — $ (6) $ 258 Securities of U.S. government and federal agencies 1,497 — (20) 1,477 Total Held-to-maturity Securities $ 1,761 $ — $ (26) $ 1,735 Available-for-sale Securities of U.S. government and federal agencies $ 1,000 $ — $ (44) $ 956 Securities of state and local municipalities tax exempt 3,678 — (39) 3,639 Securities of state and local municipalities taxable 2,378 — (70) 2,308 Corporate bonds 5,000 92 (79) 5,013 Certificates of deposit 245 — (1) 244 SBA pass-through securities 200 — (5) 195 Mortgage-backed securities 90,234 94 (2,291) 88,037 Collateralized mortgage obligations 23,945 10 (810) 23,145 Total Available-for-sale Securities $ 126,680 $ 196 $ (3,339) $ 123,537
Schedule of available-for-sale securities that have been in a continuous unrealized loss position	Less Than 12 Months 12 Months or Longer Total (In thousands) Fair Unrealized Fair Unrealized Fair Unrealized At June 30, 2019 Value Losses Value Losses Value Losses Securities of U.S. government and federal agencies $ — $ — $ 994 $ (6) $ 994 $ (6) Securities of state and local municipalities taxable — — 1,531 (28) 1,531 (28) Corporate bonds — — 911 (89) 911 (89) SBA pass-through securities — — 175 (4) 175 (4) Mortgage-backed securities — — 52,081 (501) 52,081 (501) Collateralized mortgage obligations — — 14,155 (266) 14,155 (266) Total $ — $ — $ 69,847 $ (894) $ 69,847 $ (894) Less Than 12 Months 12 Months or Longer Total Fair Unrealized Fair Unrealized Fair Unrealized At December 31, 2018 Value Losses Value Losses Value Losses Securities of U.S. government and federal agencies $ — $ — $ 2,433 $ (64) $ 2,433 $ (64) Securities of state and local municipalities tax exempt 263 (1) 3,634 (44) 3,897 (45) Securities of state and local municipalities taxable 757 (1) 1,551 (69) 2,308 (70) Corporate bonds 988 (12) 933 (67) 1,921 (79) Certificates of deposit — — 244 (1) 244 (1) SBA pass-through securities — — 195 (5) 195 (5) Mortgage-backed securities 12,743 (59) 60,656 (2,232) 73,399 (2,291) Collateralized mortgage obligations — — 16,790 (810) 16,790 (810) Total $ 14,751 $ (73) $ 86,436 $ (3,292) $ 101,187 $ (3,365)
Schedule of amortized cost and fair value of held-to-maturity securities and available-for-sale securities by contractual maturity	June 30, 2019 Held-to-maturity Available-for-sale Amortized Fair Amortized Fair (In thousands) Cost Value Cost Value Less than 1 year $ — $ — $ 745 $ 745 After 5 years through 10 years 1,761 1,769 21,035 21,054 After 10 years — — 112,340 112,672 Total $ 1,761 $ 1,769 $ 134,120 $ 134,471

Loans and Allowance for Loan _2

Loans and Allowance for Loan Losses (Tables)	6 Months Ended
	Jun. 30, 2019
Loans and Allowance for Loan Losses
Summary of loan balances	June 30, 2019 December 31, 2018 (In thousands) Originated Acquired Total Originated Acquired Total Commercial real estate $ 679,017 $ 56,004 $ 735,021 $ 616,614 $ 66,988 $ 683,602 Commercial and industrial 126,766 7,952 134,718 128,909 8,419 137,328 Commercial construction 210,538 7,644 218,182 141,694 11,645 153,339 Consumer residential 85,922 38,206 124,128 87,609 43,822 131,431 Consumer nonresidential 24,139 110 24,249 32,184 124 32,308 $ 1,126,382 $ 109,916 $ 1,236,298 $ 1,007,010 $ 130,998 $ 1,138,008 Less: Allowance for loan losses 9,996 — 9,996 9,159 — 9,159 Unearned income and (unamortized premiums), net 1,926 — 1,926 1,265 — 1,265 Loans, net $ 1,114,460 $ 109,916 $ 1,224,376 $ 996,586 $ 130,998 $ 1,127,584
Schedule of acquired loans	(In thousands) June 30, 2019 Purchased credit impaired acquired loans evaluated individually for future credit losses Outstanding principal balance $ 2,579 Carrying amount 1,846 Other acquired loans Outstanding principal balance 109,511 Carrying amount 108,070 Total acquired loans Outstanding principal balance 112,090 Carrying amount 109,916 (In thousands) December 31, 2018 Purchased credit impaired acquired loans evaluated individually for future credit losses Outstanding principal balance $ 2,533 Carrying amount 1,401 Other acquired loans Outstanding principal balance 131,286 Carrying amount 129,597 Total acquired loans Outstanding principal balance 133,819 Carrying amount 130,998
Schedule of accretable yield on purchased credit impaired loans	(In thousands) Balance at January 1, 2019 $ 357 Accretion (51) Balance at June 30, 2019 $ 306 (In thousands) Balance at January 1, 2018 $ — Accretable yield at acquisition date 379 Accretion (22) Balance at December 31, 2018 $ 357
Schedule of allowance for loan losses	Allowance for Loan Losses For the three months ended June 30, 2019 (In thousands) Commercial Commercial and Commercial Consumer Consumer Real Estate Industrial Construction Residential Nonresidential Total Allowance for credit losses: Beginning Balance, April 1 $ 5,812 $ 1,480 $ 1,491 $ 495 $ 234 $ 9,512 Charge-offs — — — — (21) (21) Recoveries — — — — — — Provision 177 (69) 397 (1) 1 505 Ending Balance $ 5,989 $ 1,411 $ 1,888 $ 494 $ 214 $ 9,996 Allowance for Loan Losses For the six months ended June 30, 2019 (In thousands) Commercial Commercial Commercial Consumer Consumer Real Estate and Industrial Construction Residential Nonresidential Total Allowance for credit losses: Beginning Balance, January 1 $ 5,548 $ 1,474 $ 1,285 $ 518 $ 334 $ 9,159 Charge-offs — — — — (183) (183) Recoveries — — — — — — Provision 441 (63) 603 (24) 63 1,020 Ending Balance $ 5,989 $ 1,411 $ 1,888 $ 494 $ 214 $ 9,996 Allowance for Loan Losses For the three months ended June 30, 2018 (In thousands) Commercial Commercial and Commercial Consumer Consumer Real Estate Industrial Construction Residential Nonresidential Unallocated Total Allowance for credit losses: Beginning Balance, April 1 $ 5,140 $ 821 $ 1,249 $ 630 $ 230 $ 32 $ 8,102 Charge-offs — (86) — — (11) — (97) Recoveries — 12 — — — — 12 Provision 135 122 57 (26) (11) 4 281 Ending Balance $ 5,275 $ 869 $ 1,306 $ 604 $ 208 $ 36 $ 8,298 Allowance for Loan Losses For the six months ended June 30, 2018 (In thousands) Commercial Commercial and Commercial Consumer Consumer Real Estate Industrial Construction Residential Nonresidential Unallocated Total Allowance for credit losses: Beginning Balance $ 4,832 $ 768 $ 1,191 $ 626 $ 268 $ 40 $ 7,725 Charge-offs — (86) — — (11) — (97) Recoveries — 31 — — — — 31 Provision 443 156 115 (22) (49) (4) 639 Ending Balance $ 5,275 $ 869 $ 1,306 $ 604 $ 208 $ 36 $ 8,298 Allowance for Loan Losses For the year ended December 31, 2018 (In thousands) Commercial Commercial and Commercial Consumer Consumer Real Estate Industrial Construction Residential Nonresidential Unallocated Total Allowance for credit losses: Beginning Balance $ 4,832 $ 768 $ 1,191 $ 626 $ 268 $ 40 $ 7,725 Charge-offs — (86) — (187) (292) — (565) Recoveries — 26 — 1 52 — 79 Provision 716 766 94 78 306 (40) 1,920 Beginning Balance $ 5,548 $ 1,474 $ 1,285 $ 518 $ 334 $ — $ 9,159
Schedule of recorded investment in loans and impairment by portfolio segment	Allowance for Loan Losses At June 30, 2019 (In thousands) Commercial Commercial and Commercial Consumer Consumer Real Estate Industrial Construction Residential Nonresidential Total Allowance for credit losses: Ending Balance: Individually evaluated for impairment $ 26 $ 343 $ — $ 29 $ — $ 398 Purchase credit impaired — — — — — — Collectively evaluated for impairment 5,963 1,068 1,888 465 214 9,598 $ 5,989 $ 1,411 $ 1,888 $ 494 $ 214 $ 9,996 Loans Receivable At June 30, 2019 (In thousands) Commercial Commercial and Commercial Consumer Consumer Real Estate Industrial Construction Residential Nonresidential Total Financing receivables: Ending Balance Individually evaluated for impairment $ 5,493 $ 2,905 $ — $ 169 $ — $ 8,567 Purchase credit impaired 1,019 461 — 366 — 1,846 Collectively evaluated for impairment 728,509 131,352 218,182 123,593 24,249 1,225,885 $ 735,021 $ 134,718 $ 218,182 $ 124,128 $ 24,249 $ 1,236,298 Allowance for Loan Losses At June 30, 2018 (In thousands) Commercial Commercial Commercial Consumer Consumer Real Estate and Industrial Construction Residential Nonresidential Unallocated Total Allowance for credit losses: Ending Balance: Individually evaluated for impairment $ — $ — $ — $ — $ — $ — $ — Collectively evaluated for impairment 5,275 869 1,306 604 244 — 8,298 $ 5,275 $ 869 $ 1,306 $ 604 $ 244 $ — $ 8,298 Loans Receivable At June 30, 2018 (In thousands) Commercial Commercial Commercial Consumer Consumer Real Estate and Industrial Construction Residential Nonresidential Unallocated Total Financing receivables: Ending Balance Individually evaluated for impairment $ 1,897 $ 294 $ — $ 587 $ — $ — $ 2,778 Collectively evaluated for impairment 571,529 110,254 139,678 105,253 27,285 — 953,999 $ 573,426 $ 110,548 $ 139,678 $ 105,840 $ 27,285 $ — $ 956,777 Allowance for Loan Losses At December 31, 2018 (In thousands) Commercial Commercial Commercial Consumer Consumer Real Estate and Industrial Construction Residential Nonresidential Unallocated Total Allowance for credit losses: Ending Balance: Individually evaluated for impairment $ — $ 372 $ — $ 1 $ — $ — $ 373 Purchase credit impaired — — — — — — — Collectively evaluated for impairment 5,548 1,102 1,285 517 334 — 8,786 $ 5,548 $ 1,474 $ 1,285 $ 518 $ 334 $ — $ 9,159 Loans Receivable At December 31, 2018 (In thousands) Commercial Commercial Commercial Consumer Consumer Real Estate and Industrial Construction Residential Nonresidential Unallocated Total Financing receivables: Ending Balance Individually evaluated for impairment $ 1,306 $ 2,969 $ — $ 182 $ — $ — $ 4,457 Purchase credit impaired 139 467 421 374 — — 1,401 Collectively evaluated for impairment 682,157 133,892 152,918 130,875 32,308 — 1,132,150 $ 683,602 $ 137,328 $ 153,339 $ 131,431 $ 32,308 $ — $ 1,138,008
Schedule of Impaired loans	Impaired Loans – Originated Loan Portfolio Unpaid Average Interest Recorded Principal Related Recorded Income (In thousands) Investment Balance Allowance Investment Recognized June 30, 2019 With an allowance recorded: Commercial real estate $ — $ — $ — $ — $ — Commercial and industrial 1,788 1,789 343 1,791 69 Commercial construction — — — — — Consumer residential — — — — — Consumer nonresidential — — — — — $ 1,788 $ 1,789 $ 343 $ 1,791 $ 69 June 30, 2019 With no related allowance: Commercial real estate $ 5,301 $ 5,304 $ — $ 5,318 $ 121 Commercial and industrial 1,117 1,117 — 1,137 332 Commercial construction — — — — — Consumer residential — — — — — Consumer nonresidential — — — — — $ 6,418 $ 6,421 $ — $ 6,455 $ 453 Impaired Loans – Acquired Loan Portfolio Unpaid Average Interest Recorded Principal Related Recorded Income (In thousands) Investment Balance Allowance Investment Recognized June 30, 2019 With an allowance recorded: Commercial real estate $ 192 $ 192 $ 26 $ 192 $ 8 Commercial and industrial — — — — — Commercial construction — — — — — Consumer residential 169 163 29 163 5 Consumer nonresidential — — — — — $ 361 $ 355 $ 55 $ 355 $ 13 June 30, 2019 With no related allowance: Commercial real estate $ — $ — $ — $ — $ — Commercial and industrial — — — — — Commercial construction — — — — — Consumer residential — — — — — Consumer nonresidential — — — — — $ — $ — $ — $ — $ — Impaired Loans – Originated Loan Portfolio Unpaid Average Interest Recorded Principal Related Recorded Income (In thousands) Investment Balance Allowance Investment Recognized December 31, 2018 With an allowance recorded: Commercial real estate $ — $ — $ — $ — $ — Commercial and industrial 1,793 1,793 372 1,801 100 Commercial construction — — — — — Consumer residential 182 182 1 184 12 Consumer nonresidential — — — — — $ 1,975 $ 1,975 $ 373 $ 1,985 $ 112 December 31, 2018 With no related allowance: Commercial real estate $ 1,306 $ 1,319 $ — $ 1,321 $ 68 Commercial and industrial 1,156 1,170 — 1,378 81 Commercial construction — — — — — Consumer residential — — — — — Consumer nonresidential — — — — — $ 2,462 $ 2,489 $ — $ 2,699 $ 149 Impaired Loans – Acquired Loan Portfolio Unpaid Average Interest Recorded Principal Related Recorded Income (In thousands) Investment Balance Allowance Investment Recognized December 31, 2018 With an allowance recorded: Commercial real estate $ — $ — $ — $ — $ — Commercial and industrial — — — — — Commercial construction — — — — — Consumer residential — — — — — Consumer nonresidential — — — — — $ — $ — $ — $ — $ — December 31, 2018 With no related allowance: Commercial real estate $ — $ — $ — $ — $ — Commercial and industrial 20 20 — 58 3 Commercial construction — — — — — Consumer residential — — — — — Consumer nonresidential — — — — — $ 20 $ 20 $ — $ 58 $ 3
Schedule of risk category of loans	As of June 30, 2019 – Originated Loan Portfolio Commercial Real Commercial and Commercial Consumer Consumer (In thousands) Estate Industrial Construction Residential Nonresidential Total Grade: Pass $ 659,207 $ 117,238 $ 207,451 $ 85,115 $ 24,120 $ 1,093,131 Special mention 15,617 6,792 3,087 705 19 26,220 Substandard 4,193 2,736 — 102 — 7,031 Doubtful — — — — — — Loss — — — — — — Total $ 679,017 $ 126,766 $ 210,538 $ 85,922 $ 24,139 $ 1,126,382 As of June 30, 2019 – Acquired Loan Portfolio Commercial Real Commercial and Commercial Consumer Consumer (In thousands) Estate Industrial Construction Residential Nonresidential Total Grade: Pass $ 54,611 $ 7,491 $ 7,644 $ 37,842 $ 110 $ 107,698 Special mention 1,109 — — 131 — 1,240 Substandard 284 461 — 233 — 978 Doubtful — — — — — — Loss — — — — — — Total $ 56,004 $ 7,952 $ 7,644 $ 38,206 $ 110 $ 109,916 As of December 31, 2018 – Originated Loan Portfolio Commercial Real Commercial and Commercial Consumer Consumer (In thousands) Estate Industrial Construction Residential Nonresidential Total Grade: Pass $ 610,580 $ 124,349 $ 141,694 $ 86,848 $ 32,184 $ 995,655 Special mention 6,034 1,783 — 761 — 8,578 Substandard — 2,777 — — — 2,777 Doubtful — — — — — — Loss — — — — — — Total $ 616,614 $ 128,909 $ 141,694 $ 87,609 $ 32,184 $ 1,007,010 As of December 31, 2018 – Acquired Loan Portfolio Commercial Real Commercial and Commercial Consumer Consumer (In thousands) Estate Industrial Construction Residential Nonresidential Total Grade: Pass $ 66,849 $ 7,952 $ 11,224 $ 43,811 $ 124 $ 129,960 Special mention 56 — 421 — — 477 Substandard 83 467 — 11 — 561 Doubtful — — — — — — Loss — — — — — — Total $ 66,988 $ 8,419 $ 11,645 $ 43,822 $ 124 $ 130,998
Schedule of past due and nonaccrual loans	As of June 30, 2019 – Originated Loan Portfolio 30 - 59 days 60 - 89 days 90 days or more Total 90 days past due (In thousands) past due past due past due past due Current Total loans and still accruing Nonaccruals Commercial real estate $ 324 $ 829 $ 1,901 $ 3,054 $ 675,963 $ 679,017 $ 1,901 $ 4,191 Commercial and industrial 235 48 140 423 126,343 126,766 140 1,769 Commercial construction — — 593 593 209,945 210,538 593 — Consumer residential 187 — 344 531 85,391 85,922 344 163 Consumer nonresidential 64 200 — 264 23,875 24,139 — — Total $ 810 $ 1,077 $ 2,978 $ 4,865 $ 1,121,517 $ 1,126,382 $ 2,978 $ 6,123 As of June 30, 2019 – Acquired Loan Portfolio 30 - 59 days 60 - 89 days 90 days or more Total 90 days past due (In thousands) past due past due past due past due Current Total loans and still accruing Nonaccruals Commercial real estate $ 681 $ — $ 51 $ 732 $ 55,272 $ 56,004 $ 51 $ 275 Commercial and industrial — — — — 7,952 7,952 — 252 Commercial construction — — — — 7,644 7,644 — — Consumer residential 669 — — 669 37,537 38,206 — 310 Consumer nonresidential — 23 — 23 87 110 — — Total $ 1,350 $ 23 $ 51 $ 1,424 $ 108,492 $ 109,916 $ 51 $ 837 As of December 31, 2018 – Originated Loan Portfolio 30 - 59 days 60 - 89 days 90 days or more Total 90 days past due (In thousands) past due past due past due past due Current Total loans and still accruing Nonaccruals Commercial real estate $ 3,062 $ 2,148 $ — $ 5,210 $ 611,404 $ 616,614 $ — $ — Commercial and industrial 68 181 2,701 2,950 125,959 128,909 1,031 1,769 Commercial construction — — — — 141,694 141,694 — — Consumer residential 843 345 — 1,188 86,421 87,609 — 182 Consumer nonresidential 111 44 — 155 32,029 32,184 — — Total $ 4,084 $ 2,718 $ 2,701 $ 9,503 $ 997,507 $ 1,007,010 $ 1,031 $ 1,951 As of December 31, 2018 – Acquired Loan Portfolio 30 - 59 days 60 - 89 days 90 days or more Total 90 days past due (In thousands) past due past due past due past due Current Total loans and still accruing Nonaccruals Commercial real estate $ 1,001 $ 83 $ 56 $ 1,140 $ 65,848 $ 66,988 $ — $ 56 Commercial and industrial 446 — — 446 7,973 8,419 — — Commercial construction 186 — — 186 11,459 11,645 — — Consumer residential 2,785 612 173 3,570 40,252 43,822 — 173 Consumer nonresidential — — — — 124 124 — — Total $ 4,418 $ 695 $ 229 $ 5,342 $ 125,656 $ 130,998 $ — $ 229
Schedule of TDR's originated	For the six months ended June 30, 2019 Pre-Modification Post-Modification Outstanding Outstanding Number of Recorded Recorded Troubled Debt Restructurings Contracts Investment Investment (In thousands) Commercial real estate 1 $ 3,903 $ 3,903 Total 1 $ 3,903 $ 3,903

Derivative Financial Instrume_2

Derivative Financial Instruments (Tables)	6 Months Ended
	Jun. 30, 2019
Derivative Financial Instruments
Schedule of notional amount and fair value of derivative financial instruments	June 30, 2019 Notional Amount Fair Value Interest Rate Swap Agreements (In thousands) Receive Fixed/Pay Variable Swaps $ 70,606 $ (5,611) Pay Fixed/Receive Variable Swaps 70,606 5,611 December 31, 2018 Notional Amount Fair Value Interest Rate Swap Agreements (In thousands) Receive Fixed/Pay Variable Swaps $ 47,381 $ (1,705) Pay Fixed/Receive Variable Swaps 47,381 1,705

Financial Instruments with Of_2

Financial Instruments with Off-Balance Sheet Risk (Tables)	6 Months Ended
	Jun. 30, 2019
Financial Instruments with Off-Balance Sheet Risk
Schedule of financial instruments outstanding which contract amounts represent credit risk	(In thousands) June 30, 2019 December 31, 2018 Commitments to grant loans $ 29,948 $ 22,349 Unused commitments to fund loans and lines of credit 258,134 216,043 Commercial and standby letters of credit 10,772 9,383

Stock-Based Compensation Plan (

Stock-Based Compensation Plan (Tables)	6 Months Ended
	Jun. 30, 2019
Stock-Based Compensation Plan
Summary of option activity	Weighted- Weighted- Average Number Average Remaining Aggregate of Exercise Contractual Intrinsic Options Shares Price Term Value (1) Outstanding at January 1, 2019 1,976,247 $ 8.00 4.98 Granted — — Exercised (127,157) 6.83 Forfeited or expired (1,563) 11.52 Outstanding at June 30, 2019 1,847,527 $ 8.08 $ 20,957,235 Exercisable at June 30, 2019 1,764,502 $ 7.91 $ 20,303,063 (1) The aggregate intrinsic value of stock options represents the total pre‑tax intrinsic value (the amount by which the current market value of the underlying stock exceeds the exercise price of the option) that would have been received by the option holders had all option holders exercised their options on June 30, 2019. This amount changes based on changes in the market value of the Company’s stock.
Summary of restricted stock grant activity	Weighted Average Number of Grant Date Shares Fair Value Nonvested at January 1, 2019 50,629 $ 17.57 Granted 1,000 17.25 Vested — — Forfeited (2,750) 18.68 Balance at June 30, 2019 48,879 $ 17.50

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	6 Months Ended
	Jun. 30, 2019
Fair Value Measurements
Schedule of financial assets and liabilities measured at fair value on a recurring basis	Fair Value Measurements at June 30, 2019 Using Quoted Prices in Active Significant Markets for Other Significant Balance as of Identical Observable Unobservable (In thousands) June 30, Assets Inputs Inputs Description 2019 (Level 1) (Level 2) (Level 3) Assets Available-for-sale Securities of U.S. government and federal agencies $ 994 $ — $ 994 $ — Securities of state and local municipalities tax exempt 3,733 — 3,733 — Securities of state and local municipalities taxable 2,282 — 2,282 — Corporate bonds 4,971 — 4,971 — Certificates of deposit 245 — 245 — SBA pass-through securities 175 — 175 — Mortgage-backed securities 94,712 — 94,712 — Collateralized mortgage obligations 27,359 — 27,359 — Total Available-for-Sale Securities $ 134,471 $ — $ 134,471 $ — Fair Value Measurements at December 31, 2018 Using Quoted Prices in Active Significant Markets for Other Significant Balance as of Identical Observable Unobservable (In thousands) December 31, Assets Inputs Inputs Description 2018 (Level 1) (Level 2) (Level 3) Assets Available-for-sale Securities of U.S. government and federal agencies $ 956 $ — $ 956 $ — Securities of state and local municipalities tax exempt 3,639 — 3,639 — Securities of state and local municipalities taxable 2,308 — 2,308 — Corporate bonds 5,013 — 5,013 — Certificates of deposit 244 — 244 — SBA pass-through securities 195 — 195 — Mortgage-backed securities 88,037 — 88,037 — Collateralized mortgage obligations 23,145 — 23,145 — Total Available-for-Sale Securities $ 123,537 $ — $ 123,537 $ —
Schedule of the Company's assets that were measured at fair value on a nonrecurring basis	Fair Value Measurements Using Quoted Prices in Active Significant Markets for Other Significant Balance as of Identical Observable Unobservable (In thousands) June 30, Assets Inputs Inputs Description 2019 (Level 1) (Level 2) (Level 3) Assets Impaired loans $ 1,751 $ — $ — $ 1,751 Other real estate owned $ 3,866 $ — $ — $ 3,866 Fair Value Measurements Using Quoted Prices in Active Significant Markets for Other Significant Balance as of Identical Observable Unobservable (In thousands) December 31, Assets Inputs Inputs Description 2018 (Level 1) (Level 2) (Level 3) Assets Impaired Loans $ 1,602 $ — $ — $ 1,602 Other real estate owned $ 4,224 $ — $ 358 $ 3,866
Schedule of quantitative information about Level 3 Fair Value Measurements	Quantitative information about Level 3 Fair Value Measurements for June 30, 2019 (In thousands) Assets Fair Value Valuation Technique(s) Unobservable input Range (Avg.) Impaired loans $ 1,751 Discounted value Marketability/Selling costs 5% - 10% (7.95%) Other real estate owned $ 3,866 Discounted appraised value Selling costs 10.51 % Quantitative information about Level 3 Fair Value Measurements for December 31, 2018 (In thousands) Assets Fair Value Valuation Technique(s) Unobservable input Range (Avg.) Impaired loans $ 1,602 Discounted value Marketability/Selling costs 0.60% - 11% (10.89%) Other real estate owned $ 3,866 Discounted appraised value Selling costs 10.51 %
Schedule of carrying amount, fair value and placement in the fair value hierarchy of the Company's financial instruments	Fair Value Measurements as of June 30, 2019, using Quoted Prices in Active Markets for Significant Significant Identical Unobservable Unobservable Carrying Assets Inputs Inputs (In thousands) Amount Level 1 Level 2 Level 3 Financial assets: Cash and due from banks $ 15,201 $ 15,201 $ — $ — Interest-bearing deposits at other institutions 29,149 29,149 — — Securities held-to-maturity 1,761 — 1,769 — Securities available-for-sale 134,471 — 134,471 — Restricted stock 5,379 — 5,379 — Loans, net 1,224,376 — — 1,211,721 Bank owned life insurance 26,621 — 26,621 — Accrued interest receivable 4,653 — 4,653 — Financial liabilities: Checking, savings and money market accounts $ 877,427 $ — $ 877,427 $ — Time deposits 391,947 — 392,234 — Subordinated notes 24,447 — 25,003 — Accrued interest payable 809 — 809 — Fair Value Measurements as of December 31, 2018, using Quoted Prices in Active Markets for Significant Significant Identical Unobservable Unobservable Carrying Assets Inputs Inputs (In thousands) Amount Level 1 Level 2 Level 3 Financial assets: Cash and due from banks $ 9,435 $ 9,435 $ — $ — Interest-bearing deposits at other institutions 34,060 34,060 — — Securities held-to-maturity 1,761 — 1,735 Securities available-for-sale 123,537 — 123,537 — Restricted stock 5,299 — 5,299 — Loans, net 1,127,584 — — 1,116,012 Bank owned life insurance 16,406 — 16,406 — Accrued interest receivable 4,050 — 4,050 — Financial liabilities: Checking, savings and money market accounts $ 817,054 $ — $ 817,054 $ — Time deposits 345,386 — 344,877 — Subordinated notes 24,407 — 24,515 — Accrued interest payable 811 — 811 —

Earnings Per Share (Tables)

Earnings Per Share (Tables)	6 Months Ended
	Jun. 30, 2019
Earnings Per Share
Schedule of earning per share	Three Months Ended Six Months Ended June 30, June 30, (In thousands, except per share data) 2019 2018 2019 2018 Net income $ 4,085 $ 3,077 $ 8,011 $ 6,074 Weighted average number of shares 13,803 11,024 13,763 10,979 Effect of dilutive securities, restricted stock units and options 1,014 1,039 1,036 1,079 Weighted average diluted shares 14,817 12,063 14,799 12,058 Basic EPS $ 0.30 $ 0.28 $ 0.58 $ 0.55 Diluted EPS $ 0.28 $ 0.26 $ 0.54 $ 0.50

Accumulated Other Comprehensi_2

Accumulated Other Comprehensive Income (Loss) (Tables)	6 Months Ended
	Jun. 30, 2019
Accumulated Other Comprehensive Income (Loss)
Schedule of changes in accumulated other comprehensive income (AOCI)	Three Months Ended Six Months Ended (In thousands) June 30, June 30, Available-for-Sale Securities 2019 2018 2019 2018 Balance, beginning of period $ (1,031) $ (3,092) $ (2,411) $ (1,693) Net unrealized gains (losses) during the period 1,382 (397) 2,762 (1,796) Other comprehensive income (loss), net of tax 1,382 (397) 2,762 (1,796) Balance, end of period $ 351 $ (3,489) $ 351 $ (3,489)

Revenue Recognition (Tables)

Revenue Recognition (Tables)	6 Months Ended
	Jun. 30, 2019
Revenue Recognition
Schedule of noninterest income	Three Months Ended Six Months Ended June 30, June 30, (In thousands) 2019 2018 2019 2018 Noninterest Income In-scope of Topic 606 Service Charges on Deposit Accounts $ 229 $ 152 $ 411 $ 293 Fees, Exchange, and Other Service Charges 123 71 198 118 Other 11 19 25 28 Noninterest Income (in-scope of Topic 606) 363 242 634 439 Noninterest Income (out-scope of Topic 606) 176 121 643 309 Total Noninterest Income $ 539 $ 363 $ 1,277 $ 748

Supplemental Cash Flow Inform_2

Supplemental Cash Flow Information (Tables)	6 Months Ended
	Jun. 30, 2019
Supplemental Cash Flow Information
Schedule of supplemental cash flow information	For the Six Months Ended June 30, (In thousands) 2019 2018 Supplemental Disclosure of Cash Flow Information: Cash paid for: Interest on deposits and borrowed funds $ 8,817 $ 5,160 Income taxes 939 3,632 Noncash investing and financing activities: Unrealized gain (loss) on securities available-for-sale 3,496 (2,273) Initial right of use asset - operating leases 12,249 — Initial lease liability - operating leases 12,656 —

Leases (Tables)

Leases (Tables)	6 Months Ended
	Jun. 30, 2019
Leases
Schedule of information about leases	(In thousands) June 30, 2019 Lease Liability $ 12,177 Right-of-Use-Asset $ 11,843 Weighted Average Remaining Lease Term Weighted Average discount rate 3.40 % For the Three Months Ended For the Six Months Ended (In thousands) June 30, 2019 June 30, 2019 Operating Lease Expense $ 445 $ 915 Cash paid for amounts included in lease liabilities $ 405 $ 843
Schedule of maturity schedule of undiscounted cash flows that contribute to the lease liability	(In thousands) June 30, 2019 Six months ending December 31, 2019 $ 763 Twelve months ending December 31, 2020 1,401 Twelve months ending December 31, 2021 1,409 Twelve months ending December 31, 2022 1,444 Twelve months ending December 31, 2023 1,437 Twelve months ending December 31, 2024 1,403 Thereafter 6,823 Total $ 14,680 Less: discount (2,503) $ 12,177

Organization and Summary of S_3

Organization and Summary of Significant Accounting Policies- Organization (Details) - Colombo	Oct. 12, 2018location$ / sharesshares
Number of additional banking locations | location	5
Number of shares issuable per share	0.002217
Cash consideration per share | $ / shares	$ 0.053157
Average closing price | $ / shares	$ 19.614
Shares for the right to receive only cash payment | shares	35,002
Maximum limit of shares for the right to receive only cash payment | shares	45,086
Cash payment per share for shareholders having the right | $ / shares	$ 0.096649
Number of shares expected to be issued due to merger | shares	763,051

Securities (Details)

Securities (Details) - USD ($) $ in Thousands	Jun. 30, 2019	Dec. 31, 2018
Held-to-maturity
Amortized Cost	$ 1,761	$ 1,761	[1]
Gross Unrealized Gains	8
Gross Unrealized (Losses)		(26)
Fair Value	1,769	1,735
Available-for-sale
Amortized Cost	134,120	126,680
Gross Unrealized Gains	1,245	196
Gross Unrealized (Losses)	(894)	(3,339)
Fair Value	134,471	123,537
Securities of state and local municipalities tax exempt
Held-to-maturity
Amortized Cost	264	264
Gross Unrealized Gains	5
Gross Unrealized (Losses)		(6)
Fair Value	269	258
Available-for-sale
Amortized Cost	3,671	3,678
Gross Unrealized Gains	62
Gross Unrealized (Losses)		(39)
Fair Value	3,733	3,639
Securities of U.S. government and federal agencies
Held-to-maturity
Amortized Cost	1,497	1,497
Gross Unrealized Gains	3
Gross Unrealized (Losses)		(20)
Fair Value	1,500	1,477
Available-for-sale
Amortized Cost	1,000	1,000
Gross Unrealized (Losses)	(6)	(44)
Fair Value	994	956
Securities of state and local municipalities taxable
Available-for-sale
Amortized Cost	2,309	2,378
Gross Unrealized Gains	1
Gross Unrealized (Losses)	(28)	(70)
Fair Value	2,282	2,308
Corporate bonds
Available-for-sale
Amortized Cost	5,000	5,000
Gross Unrealized Gains	60	92
Gross Unrealized (Losses)	(89)	(79)
Fair Value	4,971	5,013
Certificates of deposit
Available-for-sale
Amortized Cost	245	245
Gross Unrealized (Losses)		(1)
Fair Value	245	244
SBA pass-through securities
Available-for-sale
Amortized Cost	179	200
Gross Unrealized (Losses)	(4)	(5)
Fair Value	175	195
Mortgage-backed securities
Available-for-sale
Amortized Cost	94,362	90,234
Gross Unrealized Gains	851	94
Gross Unrealized (Losses)	(501)	(2,291)
Fair Value	94,712	88,037
Collateralized mortgage obligations
Available-for-sale
Amortized Cost	27,354	23,945
Gross Unrealized Gains	271	10
Gross Unrealized (Losses)	(266)	(810)
Fair Value	27,359	23,145
Federal Reserve Bank
Available-for-sale
Pledged securities	0	0
Community Bankers' Bank
Available-for-sale
Pledged securities	$ 4,500	$ 8,100
[1]	Derived from audited consolidated financial statements.

Securities - Continuous Unreali

Securities - Continuous Unrealized Loss Position (Details) - USD ($) $ in Thousands	Jun. 30, 2019	Dec. 31, 2018
Available-for-sale securities, Continuous Unrealized Loss Position, Fair Value
Fair Value, Less than 12 Months		$ 14,751
Fair Value, 12 Months or Longer	$ 69,847	86,436
Fair Value, Total	69,847	101,187
Available-for-sale securities, Continuous Unrealized Loss Position, Gross Unrealized Losses
Unrealized Losses, Less than 12 Months		(73)
Unrealized Losses, 12 Months or Longer	(894)	(3,292)
Unrealized Losses, Total	(894)	(3,365)
Securities of U.S. government and federal agencies
Available-for-sale securities, Continuous Unrealized Loss Position, Fair Value
Fair Value, 12 Months or Longer	994	2,433
Fair Value, Total	994	2,433
Available-for-sale securities, Continuous Unrealized Loss Position, Gross Unrealized Losses
Unrealized Losses, 12 Months or Longer	(6)	(64)
Unrealized Losses, Total	(6)	(64)
Securities of state and local municipalities taxable
Available-for-sale securities, Continuous Unrealized Loss Position, Fair Value
Fair Value, Less than 12 Months		757
Fair Value, 12 Months or Longer	1,531	1,551
Fair Value, Total	1,531	2,308
Available-for-sale securities, Continuous Unrealized Loss Position, Gross Unrealized Losses
Unrealized Losses, Less than 12 Months		(1)
Unrealized Losses, 12 Months or Longer	(28)	(69)
Unrealized Losses, Total	(28)	(70)
Securities of state and local municipalities tax exempt
Available-for-sale securities, Continuous Unrealized Loss Position, Fair Value
Fair Value, Less than 12 Months		263
Fair Value, 12 Months or Longer		3,634
Fair Value, Total		3,897
Available-for-sale securities, Continuous Unrealized Loss Position, Gross Unrealized Losses
Unrealized Losses, Less than 12 Months		(1)
Unrealized Losses, 12 Months or Longer		(44)
Unrealized Losses, Total		(45)
Corporate bonds
Available-for-sale securities, Continuous Unrealized Loss Position, Fair Value
Fair Value, Less than 12 Months		988
Fair Value, 12 Months or Longer	911	933
Fair Value, Total	911	1,921
Available-for-sale securities, Continuous Unrealized Loss Position, Gross Unrealized Losses
Unrealized Losses, Less than 12 Months		(12)
Unrealized Losses, 12 Months or Longer	(89)	(67)
Unrealized Losses, Total	(89)	(79)
Certificates of deposit
Available-for-sale securities, Continuous Unrealized Loss Position, Fair Value
Fair Value, 12 Months or Longer		244
Fair Value, Total		244
Available-for-sale securities, Continuous Unrealized Loss Position, Gross Unrealized Losses
Unrealized Losses, 12 Months or Longer		(1)
Unrealized Losses, Total		(1)
SBA pass-through securities
Available-for-sale securities, Continuous Unrealized Loss Position, Fair Value
Fair Value, 12 Months or Longer	175	195
Fair Value, Total	175	195
Available-for-sale securities, Continuous Unrealized Loss Position, Gross Unrealized Losses
Unrealized Losses, 12 Months or Longer	(4)	(5)
Unrealized Losses, Total	(4)	(5)
Mortgage-backed securities
Available-for-sale securities, Continuous Unrealized Loss Position, Fair Value
Fair Value, Less than 12 Months		12,743
Fair Value, 12 Months or Longer	52,081	60,656
Fair Value, Total	52,081	73,399
Available-for-sale securities, Continuous Unrealized Loss Position, Gross Unrealized Losses
Unrealized Losses, Less than 12 Months		(59)
Unrealized Losses, 12 Months or Longer	(501)	(2,232)
Unrealized Losses, Total	(501)	(2,291)
Collateralized mortgage obligations
Available-for-sale securities, Continuous Unrealized Loss Position, Fair Value
Fair Value, 12 Months or Longer	14,155	16,790
Fair Value, Total	14,155	16,790
Available-for-sale securities, Continuous Unrealized Loss Position, Gross Unrealized Losses
Unrealized Losses, 12 Months or Longer	(266)	(810)
Unrealized Losses, Total	$ (266)	$ (810)

Securities - Continuous Unrea_2

Securities - Continuous Unrealized Loss Position - Additional information (Details) $ in Thousands	6 Months Ended
	Jun. 30, 2019USD ($)security	Dec. 31, 2018USD ($)
Schedule Of Available For Sale Securities
Securities held to maturity, fair value | $	$ 1,769	$ 1,735
Gross Unrealized Losses | $		26
Securities of U.S. government and federal agencies
Schedule Of Available For Sale Securities
Securities held to maturity, fair value | $	$ 1,500	1,477
Gross Unrealized Losses | $		$ 20
Securities of U.S. government and federal agencies | Held-to-maturity
Schedule Of Available For Sale Securities
Number of investment securities	1
Securities of state and local municipalities
Schedule Of Available For Sale Securities
Number of investment securities	9
Securities of state and local municipalities | AA+
Schedule Of Available For Sale Securities
Number of investment securities	5
Securities of state and local municipalities | AA-
Schedule Of Available For Sale Securities
Number of investment securities	1
Securities of state and local municipalities | AA
Schedule Of Available For Sale Securities
Number of investment securities	1
Securities of state and local municipalities | No rating
Schedule Of Available For Sale Securities
Number of investment securities	2
Corporate bonds | A-
Schedule Of Available For Sale Securities
Number of investment securities	1
Mortgage-backed securities
Schedule Of Available For Sale Securities
Number of investment securities	42

Securities - Contractual Maturi

Securities - Contractual Maturities (Details) - USD ($) $ in Thousands	Jun. 30, 2019	Dec. 31, 2018
Held-to-maturity, Amortized Cost
After 5 years through 10 years	$ 1,761
Amortized Cost	1,761	$ 1,761	[1]
Held-to-maturity, Fair Value
After 5 years through 10 years	1,769
Fair Value	1,769	1,735
Available-for-sale, Amortized Cost
Less than 1 year	745
After 5 years through 10 years	21,035
After 10 years	112,340
Amortized Cost	134,120
Available-for-sale, Fair Value
Less than 1 year	745
After 5 years through 10 years	21,054
After 10 years	112,672
Fair Value	$ 134,471	$ 123,537	[1]
[1]	Derived from audited consolidated financial statements.

Securities - Contractual Matu_2

Securities - Contractual Maturities - Additional Information (Details) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018
Securities
Proceeds from maturities, calls and principal repayments of securities	$ 8,900	$ 8,100
Proceeds from sales of securities available-for-sale	0	0
Gross realized gains on available-for-sale securities	0	0
Realized losses	$ 0	$ 0

Loans and Allowance for Loan _3

Loans and Allowance for Loan Losses - Summary of loan balances by type (Details) - USD ($) $ in Thousands	Jun. 30, 2019	Mar. 31, 2019	Dec. 31, 2018		Dec. 30, 2018	Jun. 30, 2018	Mar. 31, 2018	Dec. 31, 2017
Loans and Allowance for Loan Losses
Loans, gross	$ 1,236,298		$ 1,138,008			$ 956,777
Allowance for loan losses	9,996	$ 9,512	9,159		$ 9,159	8,298	$ 8,102	$ 7,725
Unearned income and (unamortized premiums), net	1,926		1,265
Loans, net	1,224,376		1,127,584	[1]
Commercial | Real Estate
Loans and Allowance for Loan Losses
Loans, gross	735,021		683,602			573,426
Allowance for loan losses	5,989	5,812	5,548		5,548	5,275	5,140	4,832
Commercial | Commercial and Industrial
Loans and Allowance for Loan Losses
Loans, gross	134,718		137,328			110,548
Allowance for loan losses	1,411	1,480	1,474		1,474	869	821	768
Commercial | Construction
Loans and Allowance for Loan Losses
Loans, gross	218,182		153,339			139,678
Allowance for loan losses	1,888	1,491	1,285		1,285	1,306	1,249	1,191
Consumer | Residential
Loans and Allowance for Loan Losses
Loans, gross	124,128		131,431			105,840
Allowance for loan losses	494	495	518		518	604	630	626
Consumer | Nonresidential
Loans and Allowance for Loan Losses
Loans, gross	24,249		32,308			$ 27,285
Allowance for loan losses	214	$ 234	334		$ 334		$ 230	$ 268
Originated Loan Portfolio
Loans and Allowance for Loan Losses
Loans, gross	1,126,382		1,007,010
Allowance for loan losses	9,996		9,159
Unearned income and (unamortized premiums), net	1,926		1,265
Loans, net	1,114,460		996,586
Originated Loan Portfolio | Commercial | Real Estate
Loans and Allowance for Loan Losses
Loans, gross	679,017		616,614
Originated Loan Portfolio | Commercial | Commercial and Industrial
Loans and Allowance for Loan Losses
Loans, gross	126,766		128,909
Originated Loan Portfolio | Commercial | Construction
Loans and Allowance for Loan Losses
Loans, gross	210,538		141,694
Originated Loan Portfolio | Consumer | Residential
Loans and Allowance for Loan Losses
Loans, gross	85,922		87,609
Originated Loan Portfolio | Consumer | Nonresidential
Loans and Allowance for Loan Losses
Loans, gross	24,139		32,184
Acquired Loan Portfolio
Loans and Allowance for Loan Losses
Loans, gross	109,916		130,998
Loans, net	109,916		130,998
Acquired Loan Portfolio | Commercial | Real Estate
Loans and Allowance for Loan Losses
Loans, gross	56,004		66,988
Acquired Loan Portfolio | Commercial | Commercial and Industrial
Loans and Allowance for Loan Losses
Loans, gross	7,952		8,419
Acquired Loan Portfolio | Commercial | Construction
Loans and Allowance for Loan Losses
Loans, gross	7,644		11,645
Acquired Loan Portfolio | Consumer | Residential
Loans and Allowance for Loan Losses
Loans, gross	38,206		43,822
Acquired Loan Portfolio | Consumer | Nonresidential
Loans and Allowance for Loan Losses
Loans, gross	$ 110		$ 124
[1]	Derived from audited consolidated financial statements.

Loans and Allowance for Loan _4

Loans and Allowance for Loan Losses - Outstanding principal balance and related carrying amount of acquired loans (Details) - USD ($) $ in Thousands	6 Months Ended	12 Months Ended
	Jun. 30, 2019	Dec. 31, 2018	Jun. 30, 2018
Loans and Allowance for Loan Losses
Carrying amount	$ 8,567	$ 4,457	$ 2,778
Changes in the accretable yield on purchased credit impaired loans
Balance at beginning of the year	357
Accretable yield at acquisition date		379
Accretion	(51)	(22)
Balance at end of the year	306	357
Purchased credit impaired
Loans and Allowance for Loan Losses
Outstanding principal balance	2,579	2,533
Carrying amount	1,846	1,401
Other acquired loans
Loans and Allowance for Loan Losses
Outstanding principal balance	109,511	131,286
Carrying amount	108,070	129,597
Acquired Loan Portfolio
Loans and Allowance for Loan Losses
Outstanding principal balance	112,090	133,819
Carrying amount	$ 109,916	$ 130,998

Loans and Allowance for Loan _5

Loans and Allowance for Loan Losses - Allowance for loan losses (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended		12 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018	Dec. 31, 2018
Allowance for loan losses
Loans and Leases Receivable, Allowance, Beginning Balance	$ 9,512	$ 8,102	$ 9,159	$ 7,725	$ 7,725
Charge-offs	(21)	(97)	(183)	(97)	(565)
Recoveries		12		31	79
Provision	505	281	1,020	639	1,920
Loans and Leases Receivable, Allowance, Ending Balance	9,996	8,298	9,996	8,298	9,159
Ending Balance: Individually evaluated for impairment	398		398		373
Ending Balance: Collectively evaluated for impairment	9,598	8,298	9,598	8,298	8,786
Loans receivables:
Ending Balance: Individually evaluated for impairment	8,567	2,778	8,567	2,778	4,457
Ending Balance: Collectively evaluated for impairment	1,225,885	953,999	1,225,885	953,999	1,132,150
Loans receivables	1,236,298	956,777	1,236,298	956,777	1,138,008
Purchased credit impaired
Loans receivables:
Ending Balance: Individually evaluated for impairment	1,846		1,846		1,401
Loans receivables	1,846		1,846		1,401
Commercial | Real Estate
Allowance for loan losses
Loans and Leases Receivable, Allowance, Beginning Balance	5,812	5,140	5,548	4,832	4,832
Provision	177	135	441	443	716
Loans and Leases Receivable, Allowance, Ending Balance	5,989	5,275	5,989	5,275	5,548
Ending Balance: Individually evaluated for impairment	26		26
Ending Balance: Collectively evaluated for impairment	5,963	5,275	5,963	5,275	5,548
Loans receivables:
Ending Balance: Individually evaluated for impairment	5,493	1,897	5,493	1,897	1,306
Ending Balance: Collectively evaluated for impairment	728,509	571,529	728,509	571,529	682,157
Loans receivables	735,021	573,426	735,021	573,426	683,602
Commercial | Real Estate | Purchased credit impaired
Loans receivables:
Loans receivables	1,019		1,019		139
Commercial | Commercial and Industrial
Allowance for loan losses
Loans and Leases Receivable, Allowance, Beginning Balance	1,480	821	1,474	768	768
Charge-offs		(86)		(86)	(86)
Recoveries		12		31	26
Provision	(69)	122	(63)	156	766
Loans and Leases Receivable, Allowance, Ending Balance	1,411	869	1,411	869	1,474
Ending Balance: Individually evaluated for impairment	343		343		372
Ending Balance: Collectively evaluated for impairment	1,068	869	1,068	869	1,102
Loans receivables:
Ending Balance: Individually evaluated for impairment	2,905	294	2,905	294	2,969
Ending Balance: Collectively evaluated for impairment	131,352	110,254	131,352	110,254	133,892
Loans receivables	134,718	110,548	134,718	110,548	137,328
Commercial | Commercial and Industrial | Purchased credit impaired
Loans receivables:
Loans receivables	461		461		467
Commercial | Construction
Allowance for loan losses
Loans and Leases Receivable, Allowance, Beginning Balance	1,491	1,249	1,285	1,191	1,191
Provision	397	57	603	115	94
Loans and Leases Receivable, Allowance, Ending Balance	1,888	1,306	1,888	1,306	1,285
Ending Balance: Collectively evaluated for impairment	1,888	1,306	1,888	1,306	1,285
Loans receivables:
Ending Balance: Collectively evaluated for impairment	218,182	139,678	218,182	139,678	152,918
Loans receivables	218,182	139,678	218,182	139,678	153,339
Commercial | Construction | Purchased credit impaired
Loans receivables:
Loans receivables					421
Consumer | Residential
Allowance for loan losses
Loans and Leases Receivable, Allowance, Beginning Balance	495	630	518	626	626
Charge-offs					(187)
Recoveries					1
Provision	(1)	(26)	(24)	(22)	78
Loans and Leases Receivable, Allowance, Ending Balance	494	604	494	604	518
Ending Balance: Individually evaluated for impairment	29		29		1
Ending Balance: Collectively evaluated for impairment	465	604	465	604	517
Loans receivables:
Ending Balance: Individually evaluated for impairment	169	587	169	587	182
Ending Balance: Collectively evaluated for impairment	123,593	105,253	123,593	105,253	130,875
Loans receivables	124,128	105,840	124,128	105,840	131,431
Consumer | Residential | Purchased credit impaired
Loans receivables:
Loans receivables	366		366		374
Consumer | Nonresidential
Allowance for loan losses
Loans and Leases Receivable, Allowance, Beginning Balance	234	230	334	268	268
Charge-offs	(21)	(11)	(183)	(11)	(292)
Recoveries					52
Provision	1	(11)	63	(49)	306
Loans and Leases Receivable, Allowance, Ending Balance	214		214		334
Ending Balance: Collectively evaluated for impairment	214	244	214	244	334
Loans receivables:
Ending Balance: Collectively evaluated for impairment	24,249	27,285	24,249	27,285	32,308
Loans receivables	$ 24,249	27,285	$ 24,249	27,285	32,308
Unallocated
Allowance for loan losses
Loans and Leases Receivable, Allowance, Beginning Balance		32		40	40
Provision		4		(4)	$ (40)
Loans and Leases Receivable, Allowance, Ending Balance		$ 36		$ 36

Loans and Allowance for Loan _6

Loans and Allowance for Loan Losses - Impaired Loans (Details) - USD ($) $ in Thousands	6 Months Ended	12 Months Ended
	Jun. 30, 2019	Dec. 31, 2018
Originated Loan Portfolio
Recorded Investment
With an allowance recorded	$ 1,788	$ 1,975
With no related allowance	6,418	2,462
Unpaid Principal Balance
With an allowance recorded	1,789	1,975
With no related allowance	6,421	2,489
Related Allowance	343	373
Average Recorded Investment
With an allowance recorded	1,791	1,985
With no related allowance	6,455	2,699
Interest Income Recognized
With an allowance recorded	69	112
With no related allowance	453	149
Originated Loan Portfolio | Commercial | Real Estate
Recorded Investment
With no related allowance	5,301	1,306
Unpaid Principal Balance
With no related allowance	5,304	1,319
Average Recorded Investment
With no related allowance	5,318	1,321
Interest Income Recognized
With no related allowance	121	68
Originated Loan Portfolio | Commercial | Commercial and Industrial
Recorded Investment
With an allowance recorded	1,788	1,793
With no related allowance	1,117	1,156
Unpaid Principal Balance
With an allowance recorded	1,789	1,793
With no related allowance	1,117	1,170
Related Allowance	343	372
Average Recorded Investment
With an allowance recorded	1,791	1,801
With no related allowance	1,137	1,378
Interest Income Recognized
With an allowance recorded	69	100
With no related allowance	332	81
Originated Loan Portfolio | Consumer | Residential
Recorded Investment
With an allowance recorded		182
Unpaid Principal Balance
With an allowance recorded		182
Related Allowance		1
Average Recorded Investment
With an allowance recorded		184
Interest Income Recognized
With an allowance recorded		12
Acquired Loan Portfolio
Recorded Investment
With an allowance recorded	361
With no related allowance		20
Unpaid Principal Balance
With an allowance recorded	355
With no related allowance		20
Related Allowance	55
Average Recorded Investment
With an allowance recorded	355
With no related allowance		58
Interest Income Recognized
With an allowance recorded	13
With no related allowance		3
Acquired Loan Portfolio | Commercial | Real Estate
Recorded Investment
With an allowance recorded	192
Unpaid Principal Balance
With an allowance recorded	192
Related Allowance	26
Average Recorded Investment
With an allowance recorded	192
Interest Income Recognized
With an allowance recorded	8
Acquired Loan Portfolio | Commercial | Commercial and Industrial
Recorded Investment
With no related allowance		20
Unpaid Principal Balance
With no related allowance		20
Average Recorded Investment
With no related allowance		58
Interest Income Recognized
With no related allowance		$ 3
Acquired Loan Portfolio | Consumer | Residential
Recorded Investment
With an allowance recorded	169
Unpaid Principal Balance
With an allowance recorded	163
Related Allowance	29
Average Recorded Investment
With an allowance recorded	163
Interest Income Recognized
With an allowance recorded	$ 5

Loans and Allowance for Loan _7

Loans and Allowance for Loan Losses - Risk category (Details) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2019	Dec. 31, 2018	Jun. 30, 2018
Loans and allowance - Risk category of loans
Loans, gross	$ 1,236,298	$ 1,138,008	$ 956,777
Commercial | Real Estate
Loans and allowance - Risk category of loans
Loans, gross	735,021	683,602	573,426
Commercial | Commercial and Industrial
Loans and allowance - Risk category of loans
Loans, gross	134,718	137,328	110,548
Commercial | Construction
Loans and allowance - Risk category of loans
Loans, gross	218,182	153,339	139,678
Consumer | Residential
Loans and allowance - Risk category of loans
Loans, gross	124,128	131,431	105,840
Consumer | Nonresidential
Loans and allowance - Risk category of loans
Loans, gross	24,249	32,308	$ 27,285
Originated Loan Portfolio
Loans and allowance - Risk category of loans
Loans, gross	1,126,382	1,007,010
Originated Loan Portfolio | Pass
Loans and allowance - Risk category of loans
Loans, gross	1,093,131	995,655
Originated Loan Portfolio | Special mention
Loans and allowance - Risk category of loans
Loans, gross	26,220	8,578
Increase in loans	17,600
Originated Loan Portfolio | Substandard
Loans and allowance - Risk category of loans
Loans, gross	7,031	2,777
Increase in loans	4,300
Originated Loan Portfolio | Commercial | Real Estate
Loans and allowance - Risk category of loans
Loans, gross	679,017	616,614
Originated Loan Portfolio | Commercial | Real Estate | Pass
Loans and allowance - Risk category of loans
Loans, gross	659,207	610,580
Originated Loan Portfolio | Commercial | Real Estate | Special mention
Loans and allowance - Risk category of loans
Loans, gross	15,617	6,034
Originated Loan Portfolio | Commercial | Real Estate | Substandard
Loans and allowance - Risk category of loans
Loans, gross	4,193
Originated Loan Portfolio | Commercial | Commercial and Industrial
Loans and allowance - Risk category of loans
Loans, gross	126,766	128,909
Originated Loan Portfolio | Commercial | Commercial and Industrial | Pass
Loans and allowance - Risk category of loans
Loans, gross	117,238	124,349
Originated Loan Portfolio | Commercial | Commercial and Industrial | Special mention
Loans and allowance - Risk category of loans
Loans, gross	6,792	1,783
Originated Loan Portfolio | Commercial | Commercial and Industrial | Substandard
Loans and allowance - Risk category of loans
Loans, gross	2,736	2,777
Originated Loan Portfolio | Commercial | Construction
Loans and allowance - Risk category of loans
Loans, gross	210,538	141,694
Originated Loan Portfolio | Commercial | Construction | Pass
Loans and allowance - Risk category of loans
Loans, gross	207,451	141,694
Originated Loan Portfolio | Commercial | Construction | Special mention
Loans and allowance - Risk category of loans
Loans, gross	3,087
Originated Loan Portfolio | Consumer | Residential
Loans and allowance - Risk category of loans
Loans, gross	85,922	87,609
Originated Loan Portfolio | Consumer | Residential | Pass
Loans and allowance - Risk category of loans
Loans, gross	85,115	86,848
Originated Loan Portfolio | Consumer | Residential | Special mention
Loans and allowance - Risk category of loans
Loans, gross	705	761
Originated Loan Portfolio | Consumer | Residential | Substandard
Loans and allowance - Risk category of loans
Loans, gross	102
Originated Loan Portfolio | Consumer | Nonresidential
Loans and allowance - Risk category of loans
Loans, gross	24,139	32,184
Originated Loan Portfolio | Consumer | Nonresidential | Pass
Loans and allowance - Risk category of loans
Loans, gross	24,120	32,184
Originated Loan Portfolio | Consumer | Nonresidential | Special mention
Loans and allowance - Risk category of loans
Loans, gross	19
Acquired Loan Portfolio
Loans and allowance - Risk category of loans
Loans, gross	109,916	130,998
Acquired Loan Portfolio | Pass
Loans and allowance - Risk category of loans
Loans, gross	107,698	129,960
Acquired Loan Portfolio | Special mention
Loans and allowance - Risk category of loans
Loans, gross	1,240	477
Acquired Loan Portfolio | Substandard
Loans and allowance - Risk category of loans
Loans, gross	978	561
Acquired Loan Portfolio | Commercial | Real Estate
Loans and allowance - Risk category of loans
Loans, gross	56,004	66,988
Acquired Loan Portfolio | Commercial | Real Estate | Pass
Loans and allowance - Risk category of loans
Loans, gross	54,611	66,849
Acquired Loan Portfolio | Commercial | Real Estate | Special mention
Loans and allowance - Risk category of loans
Loans, gross	1,109	56
Acquired Loan Portfolio | Commercial | Real Estate | Substandard
Loans and allowance - Risk category of loans
Loans, gross	284	83
Acquired Loan Portfolio | Commercial | Commercial and Industrial
Loans and allowance - Risk category of loans
Loans, gross	7,952	8,419
Acquired Loan Portfolio | Commercial | Commercial and Industrial | Pass
Loans and allowance - Risk category of loans
Loans, gross	7,491	7,952
Acquired Loan Portfolio | Commercial | Commercial and Industrial | Substandard
Loans and allowance - Risk category of loans
Loans, gross	461	467
Acquired Loan Portfolio | Commercial | Construction
Loans and allowance - Risk category of loans
Loans, gross	7,644	11,645
Acquired Loan Portfolio | Commercial | Construction | Pass
Loans and allowance - Risk category of loans
Loans, gross	7,644	11,224
Acquired Loan Portfolio | Commercial | Construction | Special mention
Loans and allowance - Risk category of loans
Loans, gross		421
Acquired Loan Portfolio | Consumer | Residential
Loans and allowance - Risk category of loans
Loans, gross	38,206	43,822
Acquired Loan Portfolio | Consumer | Residential | Pass
Loans and allowance - Risk category of loans
Loans, gross	37,842	43,811
Acquired Loan Portfolio | Consumer | Residential | Special mention
Loans and allowance - Risk category of loans
Loans, gross	131
Acquired Loan Portfolio | Consumer | Residential | Substandard
Loans and allowance - Risk category of loans
Loans, gross	233	11
Acquired Loan Portfolio | Consumer | Nonresidential
Loans and allowance - Risk category of loans
Loans, gross	110	124
Acquired Loan Portfolio | Consumer | Nonresidential | Pass
Loans and allowance - Risk category of loans
Loans, gross	$ 110	$ 124

Loans and Allowance for Loan _8

Loans and Allowance for Loan Losses - Past due and Non accrual of loans (Details) - USD ($) $ in Thousands	Jun. 30, 2019	Dec. 31, 2018		Jun. 30, 2018
Loans and Allowance for Loan Losses
Total loans	$ 1,236,298	$ 1,138,008		$ 956,777
Loans, net	1,224,376	1,127,584	[1]
Federal Home Loan Bank of Atlanta
Loans and Allowance for Loan Losses
Loans pledged	167,700	173,000
Adjustment
Loans and Allowance for Loan Losses
Loans, net	74	28
Deposits	(45)	(28)
Commercial | Real Estate
Loans and Allowance for Loan Losses
Total loans	735,021	683,602		573,426
Commercial | Commercial and Industrial
Loans and Allowance for Loan Losses
Total loans	134,718	137,328		110,548
Commercial | Construction
Loans and Allowance for Loan Losses
Total loans	218,182	153,339		139,678
Consumer | Residential
Loans and Allowance for Loan Losses
Total loans	124,128	131,431		105,840
Consumer | Nonresidential
Loans and Allowance for Loan Losses
Total loans	24,249	32,308		$ 27,285
Originated Loan Portfolio
Loans and Allowance for Loan Losses
Total past due	4,865	9,503
Current	1,121,517	997,507
Total loans	1,126,382	1,007,010
90 days past due and still accruing	2,978	1,031
Nonaccruals	6,123	1,951
Loans, net	1,114,460	996,586
Originated Loan Portfolio | 30-59 days past due
Loans and Allowance for Loan Losses
Total past due	810	4,084
Originated Loan Portfolio | 60-89 days past due
Loans and Allowance for Loan Losses
Total past due	1,077	2,718
Originated Loan Portfolio | 90 days or more past due
Loans and Allowance for Loan Losses
Total past due	2,978	2,701
Originated Loan Portfolio | Commercial | Real Estate
Loans and Allowance for Loan Losses
Total past due	3,054	5,210
Current	675,963	611,404
Total loans	679,017	616,614
90 days past due and still accruing	1,901
Nonaccruals	4,191
Originated Loan Portfolio | Commercial | Real Estate | 30-59 days past due
Loans and Allowance for Loan Losses
Total past due	324	3,062
Originated Loan Portfolio | Commercial | Real Estate | 60-89 days past due
Loans and Allowance for Loan Losses
Total past due	829	2,148
Originated Loan Portfolio | Commercial | Real Estate | 90 days or more past due
Loans and Allowance for Loan Losses
Total past due	1,901
Originated Loan Portfolio | Commercial | Commercial and Industrial
Loans and Allowance for Loan Losses
Total past due	423	2,950
Current	126,343	125,959
Total loans	126,766	128,909
90 days past due and still accruing	140	1,031
Nonaccruals	1,769	1,769
Originated Loan Portfolio | Commercial | Commercial and Industrial | 30-59 days past due
Loans and Allowance for Loan Losses
Total past due	235	68
Originated Loan Portfolio | Commercial | Commercial and Industrial | 60-89 days past due
Loans and Allowance for Loan Losses
Total past due	48	181
Originated Loan Portfolio | Commercial | Commercial and Industrial | 90 days or more past due
Loans and Allowance for Loan Losses
Total past due	140	2,701
Originated Loan Portfolio | Commercial | Construction
Loans and Allowance for Loan Losses
Total past due	593
Current	209,945	141,694
Total loans	210,538	141,694
90 days past due and still accruing	593
Originated Loan Portfolio | Commercial | Construction | 90 days or more past due
Loans and Allowance for Loan Losses
Total past due	593
Originated Loan Portfolio | Consumer | Residential
Loans and Allowance for Loan Losses
Total past due	531	1,188
Current	85,391	86,421
Total loans	85,922	87,609
90 days past due and still accruing	344
Nonaccruals	163	182
Originated Loan Portfolio | Consumer | Residential | 30-59 days past due
Loans and Allowance for Loan Losses
Total past due	187	843
Originated Loan Portfolio | Consumer | Residential | 60-89 days past due
Loans and Allowance for Loan Losses
Total past due		345
Originated Loan Portfolio | Consumer | Residential | 90 days or more past due
Loans and Allowance for Loan Losses
Total past due	344
Originated Loan Portfolio | Consumer | Nonresidential
Loans and Allowance for Loan Losses
Total past due	264	155
Current	23,875	32,029
Total loans	24,139	32,184
Originated Loan Portfolio | Consumer | Nonresidential | 30-59 days past due
Loans and Allowance for Loan Losses
Total past due	64	111
Originated Loan Portfolio | Consumer | Nonresidential | 60-89 days past due
Loans and Allowance for Loan Losses
Total past due	200	44
Acquired Loan Portfolio
Loans and Allowance for Loan Losses
Total past due	1,424	5,342
Current	108,492	125,656
Total loans	109,916	130,998
90 days past due and still accruing	51
Nonaccruals	837	229
Loans, net	109,916	130,998
Acquired Loan Portfolio | 30-59 days past due
Loans and Allowance for Loan Losses
Total past due	1,350	4,418
Acquired Loan Portfolio | 60-89 days past due
Loans and Allowance for Loan Losses
Total past due	23	695
Acquired Loan Portfolio | 90 days or more past due
Loans and Allowance for Loan Losses
Total past due	51	229
Acquired Loan Portfolio | Commercial | Real Estate
Loans and Allowance for Loan Losses
Total past due	732	1,140
Current	55,272	65,848
Total loans	56,004	66,988
90 days past due and still accruing	51
Nonaccruals	275	56
Acquired Loan Portfolio | Commercial | Real Estate | 30-59 days past due
Loans and Allowance for Loan Losses
Total past due	681	1,001
Acquired Loan Portfolio | Commercial | Real Estate | 60-89 days past due
Loans and Allowance for Loan Losses
Total past due		83
Acquired Loan Portfolio | Commercial | Real Estate | 90 days or more past due
Loans and Allowance for Loan Losses
Total past due	51	56
Acquired Loan Portfolio | Commercial | Commercial and Industrial
Loans and Allowance for Loan Losses
Total past due		446
Current	7,952	7,973
Total loans	7,952	8,419
Nonaccruals	252
Acquired Loan Portfolio | Commercial | Commercial and Industrial | 30-59 days past due
Loans and Allowance for Loan Losses
Total past due		446
Acquired Loan Portfolio | Commercial | Construction
Loans and Allowance for Loan Losses
Total past due		186
Current	7,644	11,459
Total loans	7,644	11,645
Acquired Loan Portfolio | Commercial | Construction | 30-59 days past due
Loans and Allowance for Loan Losses
Total past due		186
Acquired Loan Portfolio | Consumer | Residential
Loans and Allowance for Loan Losses
Total past due	669	3,570
Current	37,537	40,252
Total loans	38,206	43,822
Nonaccruals	310	173
Acquired Loan Portfolio | Consumer | Residential | 30-59 days past due
Loans and Allowance for Loan Losses
Total past due	669	2,785
Acquired Loan Portfolio | Consumer | Residential | 60-89 days past due
Loans and Allowance for Loan Losses
Total past due		612
Acquired Loan Portfolio | Consumer | Residential | 90 days or more past due
Loans and Allowance for Loan Losses
Total past due		173
Acquired Loan Portfolio | Consumer | Nonresidential
Loans and Allowance for Loan Losses
Total past due	23
Current	87	124
Total loans	110	$ 124
Acquired Loan Portfolio | Consumer | Nonresidential | 60-89 days past due
Loans and Allowance for Loan Losses
Total past due	$ 23
[1]	Derived from audited consolidated financial statements.

Loans and Allowance for Loan _9

Loans and Allowance for Loan Losses - Troubled debt restructurings (Details) $ in Thousands	6 Months Ended
	Jun. 30, 2019USD ($)contractloan	Jun. 30, 2018loan	Dec. 31, 2018USD ($)
Loans and Allowance for Loan Losses - Troubled debt restructurings
Number of defaults | loan	1	0
Number of Contracts | contract	1
Pre-Modification Outstanding Recorded Investment	$ 3,903
Post-Modification Outstanding Recorded Investment	3,903
Recorded investment in troubled debt restructurings	$ 3,900		$ 203
Commercial | Real Estate
Loans and Allowance for Loan Losses - Troubled debt restructurings
Number of Contracts | contract	1
Pre-Modification Outstanding Recorded Investment	$ 3,903
Post-Modification Outstanding Recorded Investment	$ 3,903

Derivative Financial Instrume_3

Derivative Financial Instruments (Details) $ in Thousands	6 Months Ended	12 Months Ended
	Jun. 30, 2019USD ($)agreement	Dec. 31, 2018USD ($)agreement
Swap agreements
Derivative Financial Instruments
Number of swap agreements outstanding not included in the offsetting | agreement	14	8
Collateralized amount	$ 6,100	$ 1,600
Receive Fixed/Pay Variable Swaps
Derivative Financial Instruments
Notional Amount	70,606	47,381
Fair Value, Liability	(5,611)	(1,705)
Pay Fixed/Receive Variable Swaps
Derivative Financial Instruments
Notional Amount	70,606	47,381
Fair Value, Asset	$ 5,611	$ 1,705

Financial Instruments with Of_3

Financial Instruments with Off-Balance Sheet Risk (Details) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2019	Dec. 31, 2018
Financial Instruments with Off-Balance Sheet Risk
Cash on deposit in correspondent banks exceeding the federally insured limits	$ 10,800	$ 5,100
Commitments to grant loans | Contract credit risk
Financial Instruments with Off-Balance Sheet Risk
Financial instruments outstanding	29,948	22,349
Unused commitments to fund loans and lines of credit | Contract credit risk
Financial Instruments with Off-Balance Sheet Risk
Financial instruments outstanding	258,134	216,043
Commercial and standby letters of credit | Contract credit risk
Financial Instruments with Off-Balance Sheet Risk
Financial instruments outstanding	$ 10,772	$ 9,383
Letters of credit expiration period (in years)	1 year

Stock-Based Compensation Plan_2

Stock-Based Compensation Plan (Details) - Amended and Restated 2008 Option Plan - Stock option - shares	1 Months Ended	6 Months Ended
	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018
Stock-Based Compensation Plan
Additional shares authorized for issuance (in shares)	200,000
Maximum shares authorized (in shares)		2,529,296
Vesting period (in years)		4 years
Contractual term (in years)		10 years
Shares available for grant (in shares)		241,167
Options granted (in shares)		0	0

Stock-Based Compensation Plan -

Stock-Based Compensation Plan - Options (Details) - Stock option - USD ($)	3 Months Ended		6 Months Ended		12 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018	Dec. 31, 2018
Additional disclosures
Compensation cost	$ 107,000	$ 178,000	$ 272,000	$ 350,000
Unamortized compensation cost	159,000		$ 159,000
Amortization period (in months)			10 months
Total income tax benefits related to stock options exercised	$ 0	$ 91,000	$ 108,000	$ 283,000
Amended and Restated 2008 Option Plan
Shares
Outstanding at the beginning of the year (in shares)			1,976,247
Granted (in shares)			0	0
Exercised (in shares)			(127,157)
Forfeited or expired (in shares)			(1,563)
Outstanding at the end of the year (in shares)	1,847,527		1,847,527		1,976,247
Exercisable at the end of the year (in shares)	1,764,502		1,764,502
Weighted-Average Exercise Price
Outstanding at the beginning of the year (in dollars per share)			$ 8
Exercised (in dollars per share)			6.83
Forfeited or expired (in dollars per share)			11.52
Outstanding at the end of the year (in dollars per share)	$ 8.08		8.08		$ 8
Exercisable at the end of the year (in dollars per share)	$ 7.91		$ 7.91
Additional disclosures
Outstanding Weighted-Average Remaining Contractual Term (in years)			4 years 6 months 29 days		4 years 11 months 23 days
Exercisable Weighted-Average Remaining Contractual Term (in years)			4 years 5 months 19 days
Outstanding Aggregate Intrinsic Value	$ 20,957,235		$ 20,957,235
Exercisable Aggregate Intrinsic Value	$ 20,303,063

Stock-Based Compensation Plan_3

Stock-Based Compensation Plan - Restricted stock (Details) - Restricted stock $ / shares in Units, $ in Thousands	6 Months Ended
	Jun. 30, 2019USD ($)$ / sharesshares
Weighted Average Grant Date Fair Value
Unrecognized compensation cost | $	$ 689
Weighted-average recognition period (in months)	29 months
Amended and Restated 2008 Option Plan
Number of Shares
Balance at the beginning of the year (in shares) | shares	50,629
Granted (in shares) | shares	1,000
Forfeited (in shares) | shares	(2,750)
Balance at the end of the year (in shares) | shares	48,879
Weighted Average Grant Date Fair Value
Outstanding at the beginning of the year (in dollars per share) | $ / shares	$ 17.57
Granted (in dollars per share) | $ / shares	17.25
Forfeited (in dollars per share) | $ / shares	18.68
Outstanding at the end of the year (in dollars per share) | $ / shares	$ 17.50

Fair Value Measurements - Finan

Fair Value Measurements - Financial assets and liabilities measured at fair value on a recurring basis (Details) - USD ($) $ in Thousands	Jun. 30, 2019	Dec. 31, 2018
Assets
Total Available-for-Sale Securities	$ 134,471	$ 123,537	[1]
Level 2
Assets
Total Available-for-Sale Securities	134,471	123,537
Recurring
Assets
Total Available-for-Sale Securities	134,471	123,537
Recurring | Securities of U.S. government and federal agencies
Assets
Total Available-for-Sale Securities	994	956
Recurring | Securities of state and local municipalities tax exempt
Assets
Total Available-for-Sale Securities	3,733	3,639
Recurring | Securities of state and local municipalities taxable
Assets
Total Available-for-Sale Securities	2,282	2,308
Recurring | Corporate bonds
Assets
Total Available-for-Sale Securities	4,971	5,013
Recurring | Certificates of deposit
Assets
Total Available-for-Sale Securities	245	244
Recurring | SBA pass-through securities
Assets
Total Available-for-Sale Securities	175	195
Recurring | Mortgage-backed securities
Assets
Total Available-for-Sale Securities	94,712	88,037
Recurring | Collateralized mortgage obligations
Assets
Total Available-for-Sale Securities	27,359	23,145
Recurring | Level 2
Assets
Total Available-for-Sale Securities	134,471	123,537
Recurring | Level 2 | Securities of U.S. government and federal agencies
Assets
Total Available-for-Sale Securities	994	956
Recurring | Level 2 | Securities of state and local municipalities tax exempt
Assets
Total Available-for-Sale Securities	3,733	3,639
Recurring | Level 2 | Securities of state and local municipalities taxable
Assets
Total Available-for-Sale Securities	2,282	2,308
Recurring | Level 2 | Corporate bonds
Assets
Total Available-for-Sale Securities	4,971	5,013
Recurring | Level 2 | Certificates of deposit
Assets
Total Available-for-Sale Securities	245	244
Recurring | Level 2 | SBA pass-through securities
Assets
Total Available-for-Sale Securities	175	195
Recurring | Level 2 | Mortgage-backed securities
Assets
Total Available-for-Sale Securities	94,712	88,037
Recurring | Level 2 | Collateralized mortgage obligations
Assets
Total Available-for-Sale Securities	$ 27,359	$ 23,145
[1]	Derived from audited consolidated financial statements.

Fair Value Measurements - Asset

Fair Value Measurements - Assets measured at fair value on a nonrecurring basis (Details) - Nonrecurring - USD ($) $ in Thousands	Jun. 30, 2019	Dec. 31, 2018
Assets
Impaired loans	$ 1,751	$ 1,602
Other real estate owned	3,866	4,224
Level 2
Assets
Other real estate owned		358
Level 3
Assets
Impaired loans	1,751	1,602
Other real estate owned	$ 3,866	$ 3,866

Fair Value Measurements - Quant

Fair Value Measurements - Quantitative information about Level 3 fair value measurements (Details)	Jun. 30, 2019USD ($)item	Dec. 31, 2018USD ($)item
Nonrecurring
Quantitative information about Level 3 Fair Value Measurements
Impaired loans	$ 1,751,000	$ 1,602,000
Other real estate owned	$ 3,866,000	$ 4,224,000
Level 3
Quantitative information about Level 3 Fair Value Measurements
Impaired loans, Range	(7.95)	(10.89)
Impaired loans, Valuation Technique	fvcb:ValuationTechniqueDiscountedValueMember	fvcb:ValuationTechniqueDiscountedValueMember
Impaired loans, Measurement Input	us-gaap:MeasurementInputMarketabilitySellingCostsMember	us-gaap:MeasurementInputMarketabilitySellingCostsMember
Other real estate owned, Range | item	10.51	10.51
Other real estate owned, Valuation Technique	fvcb:ValuationTechniqueDiscountedAppraisedValueMember	fvcb:ValuationTechniqueDiscountedAppraisedValueMember
Other real estate owned, Unobservable input	us-gaap:MeasurementInputCostToSellMember	us-gaap:MeasurementInputCostToSellMember
Level 3 | Minimum
Quantitative information about Level 3 Fair Value Measurements
Impaired loans, Range | item	5	0.60
Level 3 | Maximum
Quantitative information about Level 3 Fair Value Measurements
Impaired loans, Range | item	10	11
Level 3 | Nonrecurring
Quantitative information about Level 3 Fair Value Measurements
Impaired loans	$ 1,751,000	$ 1,602,000
Other real estate owned	$ 3,866,000	$ 3,866,000

Fair Value Measurements - Carry

Fair Value Measurements - Carrying amount, fair value and placement in the fair value hierarchy of financial instruments (Details) - USD ($) $ in Thousands	Jun. 30, 2019	Dec. 31, 2018
Financial assets:
Cash and due from banks	$ 15,201	$ 9,435	[1]
Interest-bearing deposits at other institutions	29,149	34,060	[1]
Amortized Cost	1,761	1,761	[1]
Total Available-for-Sale Securities	134,471	123,537	[1]
Restricted stock	5,379	5,299	[1]
Loans, net	1,224,376	1,127,584	[1]
Bank owned life insurance	26,621	16,406	[1]
Accrued interest receivable	4,653	4,050	[1]
Financial liabilities:
Time deposits	391,947	345,386	[1]
Subordinated notes	24,447	24,407	[1]
Accrued interest payable	809	811	[1]
Carrying Amount
Financial assets:
Cash and due from banks	15,201	9,435
Interest-bearing deposits at other institutions	29,149	34,060
Amortized Cost	1,761	1,761
Total Available-for-Sale Securities	134,471	123,537
Restricted stock	5,379	5,299
Loans, net	1,224,376	1,127,584
Bank owned life insurance	26,621	16,406
Accrued interest receivable	4,653	4,050
Financial liabilities:
Checking, savings and money market accounts	877,427	817,054
Time deposits	391,947	345,386
Subordinated notes	24,447	24,407
Accrued interest payable	809	811
Level 1
Financial assets:
Cash and due from banks	15,201	9,435
Interest-bearing deposits at other institutions	29,149	34,060
Level 2
Financial assets:
Amortized Cost	1,769	1,735
Total Available-for-Sale Securities	134,471	123,537
Restricted stock	5,379	5,299
Bank owned life insurance	26,621	16,406
Accrued interest receivable	4,653	4,050
Financial liabilities:
Checking, savings and money market accounts	877,427	817,054
Time deposits	392,234	344,877
Subordinated notes	25,003	24,515
Accrued interest payable	809	811
Level 3
Financial assets:
Loans, net	$ 1,211,721	$ 1,116,012
[1]	Derived from audited consolidated financial statements.

Earnings Per Share (Details)

Earnings Per Share (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018
Earnings Per Share
Number of anti-dilutive shares excluded from the calculation			0	625
Net income	$ 4,085	$ 3,077	$ 8,011	$ 6,074
Weighted average number of shares	13,803	11,024	13,763	10,979
Effect of dilutive securities, restricted stock units and options	1,014	1,039	1,036	1,079
Weighted average diluted shares	14,817	12,063	14,799	12,058
Basic EPS	$ 0.30	$ 0.28	$ 0.58	$ 0.55
Diluted EPS	$ 0.28	$ 0.26	$ 0.54	$ 0.50

Accumulated Other Comprehensi_3

Accumulated Other Comprehensive Income (Loss) (Details) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2019USD ($)	Jun. 30, 2018USD ($)	Jun. 30, 2019USD ($)	Jun. 30, 2018USD ($)component
Accumulated Other Comprehensive Income (Loss)
Number of securities component | component				1
Changes in accumulated other comprehensive income
Balance, beginning of period	$ (1,031)	$ (3,092)	$ (2,411)	$ (1,693)
Net unrealized gains (losses) during the period	1,382	(397)	2,762	(1,796)
Other comprehensive income (loss), net of tax	1,382	(397)	2,762	(1,796)
Balance, end of period	$ 351	$ (3,489)	$ 351	$ (3,489)

Subordinated Notes (Details)

Subordinated Notes (Details) - Subordinated Notes - USD ($) $ in Millions	6 Months Ended	12 Months Ended
	Jun. 30, 2019	Dec. 31, 2018	Jun. 20, 2016
Subordinated Notes
Face amount			$ 25
Interest rate			6.00%
Redemption price percentage of outstanding principal amount	100.00%
Proceeds from subordinated notes included in the Bank's Tier 1 capital	$ 21	$ 21
Minimum
Subordinated Notes
Notice period for redeem the subordinated notes	30 days
Maximum
Subordinated Notes
Notice period for redeem the subordinated notes	60 days
LIBOR
Subordinated Notes
Variable interest rate (as a percent)	487.00%

Revenue Recognition (Details)

Revenue Recognition (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018
Revenue Recognition
Total noninterest income	$ 539	$ 363	$ 1,277	$ 748
Revenue, Practical Expedient, Incremental Cost of Obtaining Contract			true
Before adoption of ASU 2014-09
Revenue Recognition
Noninterest Income (in-scope of Topic 606)	363	242	$ 634	439
Noninterest Income (out-scope of Topic 606)	176	121	643	309
Total noninterest income	539	363	1,277	748
Service Charges on Deposit Accounts | Before adoption of ASU 2014-09
Revenue Recognition
Noninterest Income (in-scope of Topic 606)	229	152	411	293
Fees, Exchange, and Other Service Charges | Before adoption of ASU 2014-09
Revenue Recognition
Noninterest Income (in-scope of Topic 606)	123	71	198	118
Other | Before adoption of ASU 2014-09
Revenue Recognition
Noninterest Income (in-scope of Topic 606)	$ 11	$ 19	$ 25	$ 28

Supplemental Cash Flow Inform_3

Supplemental Cash Flow Information (Details) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018
Supplemental Disclosure of Cash Flow Information:
Interest on deposits and borrowed funds	$ 8,817	$ 5,160
Income taxes	939	3,632
Noncash investing and financing activities:
Unrealized gain (loss) on securities available-for-sale	3,496	$ (2,273)
Initial right of use asset - operating leases	12,249
Initial lease liability - operating leases	$ 12,656

Leases (Details)

Leases (Details) - USD ($) $ in Thousands	Jan. 01, 2019	Jun. 30, 2019
Leases
Adoption of lease accounting standard		$ (86)
Operating lease right-of-use assets		11,843
Operating lease liabilities		$ 12,177
Existence of option to extend		true
Existence of residual value guarantees		false
Adjustment
Leases
Adoption of lease accounting standard	$ 86
ASU 2016-02 Leases
Leases
Operating lease right-of-use assets	12,200
Operating lease liabilities	12,700
ASU 2016-02 Leases | Adjustment
Leases
Adoption of lease accounting standard	$ (86)

Leases - Information about leas

Leases - Information about leases (Details) $ in Thousands	3 Months Ended	6 Months Ended
	Jun. 30, 2019USD ($)	Jun. 30, 2019USD ($)
Leases
Lease Liability	$ 12,177	$ 12,177
Right-of-Use-Asset	$ 11,843	$ 11,843
Weighted Average Remaining Lease Term	10 years 10 months 13 days	10 years 10 months 13 days
Weighted Average discount rate	3.40%	3.40%
Operating Lease Expense	$ 445	$ 915
Cash paid for amounts included in lease liabilities	$ 405	$ 843

Leases - Maturity schedule of u

Leases - Maturity schedule of undiscounted cash flows that contribute to the lease liability (Details) $ in Thousands	Jun. 30, 2019USD ($)
Schedule of undiscounted cash flows
Six months ending December 31, 2019	$ 763
Twelve months ending December 31, 2020	1,401
Twelve months ending December 31, 2021	1,409
Twelve months ending December 31, 2022	1,444
Twelve months ending December 31, 2023	1,437
Twelve months ending December 31, 2024	1,403
Thereafter	6,823
Total	14,680
Less: discount	(2,503)
Operating lease liabilities	$ 12,177