FVCBankcorp (FVCB) 10-Q 13 Nov 19 2019 Q3 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	9 Months Ended
	Sep. 30, 2019	Nov. 07, 2019
Document and Entity Information
Document Type	10-Q
Document Period End Date	Sep. 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		13,875,833
Entity Central Index Key	0001675644
Amendment Flag	false
Current Fiscal Year End Date	--12-31
Document Fiscal Year Focus	2019
Document Fiscal Period Focus	Q3

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($) $ in Thousands	Sep. 30, 2019	Dec. 31, 2018	[1]
Assets
Cash and due from banks	$ 19,424	$ 9,435
Interest-bearing deposits at other financial institutions	92,986	34,060
Securities held-to-maturity (fair value of $0.3 million and $1.7 million at September 30, 2019 and December 31, 2018, respectively)	264	1,761
Securities available-for-sale, at fair value	136,268	123,537
Restricted stock, at cost	6,017	5,299
Loans, net of allowance for loan losses of $10.1 million and $9.2 million at September 30, 2019 and December 31, 2018, respectively	1,233,337	1,127,584
Premises and equipment, net	2,029	2,271
Accrued interest receivable	4,279	4,050
Prepaid expenses	1,165	892
Deferred tax assets, net	7,673	8,591
Goodwill and intangibles, net	8,119	8,443
Bank owned life insurance (BOLI)	26,820	16,406
Other real estate owned (OREO)	3,866	4,224
Operating lease right-of-use assets	13,597
Other assets	9,352	5,023
Total assets	1,565,196	1,351,576
Deposits:
Noninterest-bearing	294,825	233,318
Interest-bearing checking, savings and money market	622,820	583,736
Time deposits	400,075	345,386
Total deposits	1,317,720	1,162,440
FHLB advances	15,000
Subordinated notes, net of issuance costs	24,467	24,407
Accrued interest payable	924	811
Operating lease liabilities	13,971
Accrued expenses and other liabilities	18,045	5,582
Total liabilities	1,390,127	1,193,240
Commitments and Contingent Liabilities
Stockholders' Equity
Common stock, $0.01 par value	139	137
Additional paid-in capital	125,483	123,882
Retained earnings	48,746	36,728
Accumulated other comprehensive income (loss), net	701	(2,411)
Total stockholders' equity	175,069	158,336
Total liabilities and stockholders' equity	$ 1,565,196	$ 1,351,576
[1]	Derived from audited consolidated financial statements.

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Thousands	Sep. 30, 2019	Dec. 31, 2018
Consolidated Balance Sheets
Securities held to maturity, fair value	$ 270	$ 1,735
Allowance for loan losses	$ 10,068	$ 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	13,874,776	13,712,615
Common stock, shares outstanding	13,874,776	13,712,615

Consolidated Statements of Inco

Consolidated Statements of Income - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Interest and Dividend Income
Interest and fees on loans	$ 15,915	$ 11,977	$ 46,601	$ 33,841
Interest and dividends on securities held-to-maturity	2	13	28	39
Interest and dividends on securities available-for-sale	832	661	2,609	1,992
Dividends on restricted stock	88	57	234	170
Interest on deposits at other financial institutions	169	165	485	242
Total interest and dividend income	17,006	12,873	49,957	36,284
Interest Expense
Interest on deposits	4,423	2,584	12,355	7,018
Interest on federal funds purchased	48	16	141	17
Interest on short-term debt	48		48	67
Interest on subordinated notes	395	395	1,185	1,185
Total interest expense	4,914	2,995	13,729	8,287
Net Interest Income	12,092	9,878	36,228	27,997
Provision for loan losses	235	351	1,255	990
Net interest income after provision for loan losses	11,857	9,527	34,973	27,007
Noninterest Income
Service charges on deposit accounts	240	158	651	452
Gains on calls of securities held-to-maturity	3		3
BOLI income	198	110	414	329
Other fee income	239	480	888	714
Total noninterest income	680	748	1,956	1,495
Noninterest Expenses
Salaries and employee benefits	4,349	3,491	12,533	10,000
Occupancy and equipment expense	882	591	2,582	1,743
Data processing and network administration	414	321	1,196	886
State franchise taxes	424	296	1,272	888
Audit, legal and consulting fees	230	147	634	434
Merger and acquisition expense	51	274	133	671
Loan related expenses	125	61	293	179
FDIC insurance		133	222	358
Marketing, business development and advertising	121	89	410	269
Director fees	126	121	369	353
Postage, courier and telephone	57	50	151	150
Internet banking	112	83	320	225
Core deposits intangible amortization	95	5	293	16
Other operating expenses	377	286	1,135	858
Total noninterest expenses	7,363	5,948	21,543	17,030
Net income before income tax expense	5,174	4,327	15,386	11,472
Income tax expense	1,081	942	3,282	2,013
Net income	$ 4,093	$ 3,385	$ 12,104	$ 9,459
Earnings per share, basic	$ 0.30	$ 0.30	$ 0.88	$ 0.85
Earnings per share, diluted	$ 0.28	$ 0.27	$ 0.82	$ 0.78

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Income - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Consolidated Statements of Comprehensive Income
Net income	$ 4,093	$ 3,385	$ 12,104	$ 9,459
Other comprehensive income (loss):
Unrealized gain (loss) on securities available for sale, net of tax expense of $214 and $946 for the three and nine months September 30, 2019, respectively, net of tax benefit of $144 and $621 for the three and nine months ended September 30, 2018, respectively.	456	(540)	3,218	(2,336)
Unrealized loss on interest rate swaps, net of tax benefit of $28 and $28 for the three and nine months ended September 30, 2019.	(106)		(106)
Total other comprehensive income (loss)	350	(540)	3,112	(2,336)
Total comprehensive income	$ 4,443	$ 2,845	$ 15,216	$ 7,123

Consolidated Statements of Co_2

Consolidated Statements of Comprehensive Income (Parenthetical) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Consolidated Statements of Comprehensive Income
Tax expense securities available for sale	$ 214	$ 144	$ 946	$ 621
Unrealized loss on interest rate swaps, tax benefit	$ 28		$ 28

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018
Reconciliation of net income to net cash provided by operating activities:
Net income	$ 12,104	$ 9,459
Depreciation	479	340
Provision for loan losses	1,255	990
Net amortization of premium of securities	277	419
Net amortization of deferred loan costs and purchase premiums	494	491
Net accretion of acquisition accounting adjustments	339
Gain on calls of held-to-maturity securities	(3)
Amortization of subordinated debt issuance costs	60	60
Stock-based compensation expense	470	531
BOLI income	(414)	(329)
Core deposits intangible amortization	293	16
Changes in assets and liabilities:
Increase in accrued interest receivable, prepaid expenses and other assets	(3,774)	(3,771)
Increase in accrued interest payable, accrued expenses and other liabilities	3,541	837
Net cash provided by operating activities	15,121	9,043
Cash Flows From Investing Activities
Maturities of certificates of deposits purchased for investment	245	245
Increase in interest-bearing deposits at other financial institutions	(58,926)	(31,257)
Purchases of securities available-for-sale	(16,535)	(11,815)
Proceeds from maturities and calls of securities held-to-maturity	1,500
Proceeds from maturities and calls of securities available-for-sale	750
Proceeds from redemptions of securities available-for-sale	14,859	12,776
Net purchase of restricted stock	(718)	(362)
Net increase in loans	(108,012)	(90,257)
Proceeds from sale of OREO	358
Purchases of BOLI	(10,000)
Purchases of premises and equipment, net	(237)	(524)
Net cash used in investing activities	(176,716)	(121,194)
Cash Flows From Financing Activities
Net increase in noninterest-bearing, interest-bearing checking, savings, and money market deposits	100,591	155,586
Net increase (decrease) in time deposits	54,860	(89,763)
Increase in federal funds purchased		15,000
Net increase in FHLB advances	15,000
Common stock issuance	1,133	32,839
Net cash provided by financing activities	171,584	113,662
Net increase in cash and cash equivalents	9,989	1,511
Cash and cash equivalents, beginning of year	9,435	7,428
Cash and cash equivalents, end of year	$ 19,424	$ 8,939

Consolidated Statements of Chan

Consolidated Statements of Changes in Stockholders' Equity - USD ($) shares in Thousands, $ 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			9,459		9,459
Other comprehensive income (loss), net of tax				(2,336)	(2,336)
Common stock issuance at $20 per share	$ 18	31,737			31,755
Common stock issuance at $20 per share (in shares)	1,750
Common stock issuance for options exercised	$ 2	1,082			1,084
Common stock issuance for options exercised (in shares)	212
Stock-based compensation expense		531			531
Balance at the end of the period at Sep. 30, 2018	$ 129	107,358	35,318	(4,029)	138,776
Balance at the end of the period (in shares) at Sep. 30, 2018	12,831
Balance at the beginning of the period at Jun. 30, 2018	$ 111	75,411	31,933	(3,489)	103,966
Balance at the beginning of the period (in shares) at Jun. 30, 2018	11,076
Increase (Decrease) in Stockholders' Equity
Net income			3,385		3,385
Other comprehensive income (loss), net of tax				(540)	(540)
Common stock issuance at $20 per share	$ 18	31,737			31,755
Common stock issuance at $20 per share (in shares)	1,750
Common stock issuance for options exercised		29			29
Common stock issuance for options exercised (in shares)	5
Stock-based compensation expense		181			181
Balance at the end of the period at Sep. 30, 2018	$ 129	107,358	35,318	(4,029)	138,776
Balance at the end of the period (in shares) at Sep. 30, 2018	12,831
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			12,104		12,104
Adoption of lease accounting standard			(86)		(86)
Other comprehensive income (loss), net of tax				3,112	3,112
Common stock issuance for options exercised	$ 2	1,131			1,133
Common stock issuance for options exercised (in shares)	162
Stock-based compensation expense		470			470
Balance at the end of the period at Sep. 30, 2019	$ 139	125,483	48,746	701	175,069
Balance at the end of the period (in shares) at Sep. 30, 2019	13,875
Balance at the beginning of the period at Jun. 30, 2019	$ 138	125,021	44,653	351	170,163
Balance at the beginning of the period (in shares) at Jun. 30, 2019	13,840
Increase (Decrease) in Stockholders' Equity
Net income			4,093		4,093
Other comprehensive income (loss), net of tax				350	350
Common stock issuance for options exercised	$ 1	264			265
Common stock issuance for options exercised (in shares)	35
Stock-based compensation expense		198			198
Balance at the end of the period at Sep. 30, 2019	$ 139	$ 125,483	$ 48,746	$ 701	$ 175,069
Balance at the end of the period (in shares) at Sep. 30, 2019	13,875
[1]	Derived from audited consolidated financial statements.

Consolidated Statements of Ch_2

Consolidated Statements of Changes in Stockholders' Equity (Parenthetical) - $ / shares	Sep. 30, 2019	Sep. 30, 2018
Consolidated Statements of Changes in Stockholders' Equity
Common stock issuance price (in dollars per share)	$ 20	$ 20

Organization and Summary of Sig

Organization and Summary of Significant Accounting Policies	9 Months Ended
	Sep. 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. At the FASB's October 16, 2019 meeting, the Board affirmed its decision to amend the effective date of this ASU for many companies. Public business entities that are SEC filers, excluding those meeting the smaller reporting company definition, will retain the initial required implementation date of fiscal years, and interim periods within those fiscal years, beginning after December 15, 2019. All other entities will be required to apply the guidance for fiscal years, and interim periods within those years, beginning after December 15, 2022. 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	9 Months Ended
	Sep. 30, 2019
Securities
Securities	Note 2. Securities Amortized cost and fair values of securities held‑to‑maturity and securities available‑for‑sale as of September 30, 2019 and December 31, 2018, are as follows: September 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 $ 6 $ — $ 270 Securities of U.S. government and federal agencies — — — Total Held-to-maturity Securities $ 264 $ 6 $ — $ 270 Available-for-sale Securities of U.S. government and federal agencies $ 1,000 $ — $ (2) $ 998 Securities of state and local municipalities tax exempt 3,667 70 — 3,737 Securities of state and local municipalities taxable 1,514 — (20) 1,494 Corporate bonds 5,000 56 (86) 4,970 Certificates of deposit — — — — SBA pass-through securities 163 — (2) 161 Mortgage-backed securities 97,565 1,054 (274) 98,345 Collateralized mortgage obligations 26,338 362 (137) 26,563 Total Available-for-sale Securities $ 135,247 $ 1,542 $ (521) $ 136,268 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 $12.0 million and $0 in securities pledged with the Federal Reserve Bank to collateralize certain municipal deposits at September 30, 2019 and December 31, 2018, respectively. There were no securities pledged with the Treasury Board of Virginia at the Community Bankers' Bank at September 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 September 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 September 30, 2019 Value Losses Value Losses Value Losses Securities of U.S. government and federal agencies $ — $ — $ 998 $ (2) $ 998 $ (2) Securities of state and local municipalities taxable — — 994 (20) 994 (20) Corporate bonds — — 915 (86) 915 (86) SBA pass-through securities — — (2) (2) Mortgage-backed securities 10,252 (22) 23,478 (252) 33,730 (274) Collateralized mortgage obligations 1,732 (6) 11,315 (131) 13,047 (137) Total $ 11,984 $ (28) $ 37,861 $ (493) $ 49,845 $ (521) 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. Four of the eight 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 investment to be other‑than‑temporarily impaired at September 30, 2019. Mortgage‑backed securities: The unrealized losses on the Company’s investment in thirty-one 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 September 30, 2019. Collateralized mortgage obligations (CMOs): The unrealized loss associated with twenty-five 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 September 30, 2019. The amortized cost and fair value of securities as of September 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. September 30, 2019 Held-to-maturity Available-for-sale Amortized Fair Amortized Fair (In thousands) Cost Value Cost Value Less than 1 year $ — $ — $ 500 $ 500 After 5 years through 10 years 264 270 22,977 23,090 After 10 years — — 111,770 112,678 Total $ 264 $ 270 $ 135,247 $ 136,268 For the nine months ended September 30, 2019 and September 30, 2018, proceeds from maturities, calls and principal repayments of securities were $14.9 million and $12.8 million, respectively. During the nine months ended September 30, 2019 , proceeds from calls and maturities of securities were $2.5 million and gross realized gains of approximately $3,000. There were no realized losses on the sale of securities for the nine months ended September 30, 2019. During the nine months ended September 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	9 Months Ended
	Sep. 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: September 30, 2019 December 31, 2018 (In thousands) Originated Acquired Total Originated Acquired Total Commercial real estate $ 707,029 $ 52,436 $ 759,465 $ 616,614 $ 66,988 $ 683,602 Commercial and industrial 117,439 7,419 124,858 128,909 8,419 137,328 Commercial construction 209,998 5,823 215,821 141,694 11,645 153,339 Consumer residential 83,346 37,032 120,378 87,609 43,822 131,431 Consumer nonresidential 24,790 111 24,901 32,184 124 32,308 $ 1,142,602 $ 102,821 $ 1,245,423 $ 1,007,010 $ 130,998 $ 1,138,008 Less: Allowance for loan losses 9,997 71 10,068 9,159 — 9,159 Unearned income and (unamortized premiums), net 2,018 — 2,018 1,265 — 1,265 Loans, net $ 1,130,587 $ 102,750 $ 1,233,337 $ 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 September 30, 2019 and December 31, 2018 are as follows: (In thousands) September 30, 2019 Purchased credit impaired acquired loans evaluated individually for future credit losses Outstanding principal balance $ 2,439 Carrying amount 1,734 Other acquired loans Outstanding principal balance 102,516 Carrying amount 101,087 Total acquired loans Outstanding principal balance 104,955 Carrying amount 102,821 (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 nine months ended September 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 (110) Reclassification of nonaccretable difference due to improvement in expected cash flows 16 Other changes, net 69 Balance at September 30, 2019 $ 332 (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 nine months ended September 30, 2019 and 2018, and for the year ended December 31, 2018, follows: Allowance for Loan Losses For the three months ended September 30, 2019 (In thousands) Commercial Commercial and Commercial Consumer Consumer Real Estate Industrial Construction Residential Nonresidential Total Allowance for credit losses: Beginning Balance, July 1 $ 5,989 $ 1,411 $ 1,888 $ 494 $ 214 $ 9,996 Charge-offs — — — — (187) (187) Recoveries — — — — 24 24 Provision 52 (105) 176 (42) 154 235 Ending Balance $ 6,041 $ 1,306 $ 2,064 $ 452 $ 205 $ 10,068 Allowance for Loan Losses For the nine months ended September 30, 2019 (In thousands) Commercial Commercial and Commercial Consumer Consumer Real Estate 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 — — — — (370) (370) Recoveries — — — — 24 24 Provision 493 (168) 779 (66) 217 1,255 Ending Balance $ 6,041 $ 1,306 $ 2,064 $ 452 $ 205 $ 10,068 Allowance for Loan Losses For the three months ended September 30, 2018 (In thousands) Commercial Commercial and Commercial Consumer Consumer Real Estate Industrial Construction Residential Nonresidential Unallocated Total Allowance for credit losses: Beginning Balance, July 1 $ 5,275 $ 869 $ 1,306 $ 604 $ 208 $ 36 $ 8,298 Charge-offs — — — — (118) — (118) Recoveries — 10 — — 35 — 45 Provision 209 18 31 10 69 14 351 Ending Balance $ 5,484 $ 897 $ 1,337 $ 614 $ 194 $ 50 $ 8,576 Allowance for Loan Losses For the nine months ended September 30, 2018 (In thousands) Commercial Commercial and Commercial Consumer Consumer Real Estate Industrial Construction Residential Nonresidential Unallocated Total Allowance for credit losses: Beginning Balance, January 1 $ 4,832 $ 768 $ 1,191 $ 626 $ 268 $ 40 $ 7,725 Charge-offs — (86) — — (128) — (214) Recoveries — 40 — — 35 — 75 Provision 652 175 146 (12) 19 10 990 Ending Balance $ 5,484 $ 897 $ 1,337 $ 614 $ 194 $ 50 $ 8,576 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, January 1 $ 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 September 30, 2019 and 2018, and at December 31, 2018, by portfolio segment: Allowance for Loan Losses At September 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 $ 19 $ 321 $ — $ 29 23 $ 392 Purchased credit impaired — — — — — — Collectively evaluated for impairment 6,022 985 2,064 423 182 9,676 $ 6,041 $ 1,306 $ 2,064 $ 452 $ 205 $ 10,068 Loans Receivable At September 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 $ 5,503 $ 5,472 $ — $ 200 23 $ 11,198 Purchased credit impaired 960 409 — 365 — 1,734 Collectively evaluated for impairment 753,002 118,977 215,821 119,813 24,878 1,232,491 $ 759,465 $ 124,858 $ 215,821 $ 120,378 $ 24,901 $ 1,245,423 Allowance for Loan Losses At September 30, 2018 (In thousands) Commercial Commercial and Commercial Consumer Consumer Real Estate Industrial Construction Residential Nonresidential Unallocated Total Allowance for credit losses: Ending Balance: Individually evaluated for impairment $ — $ — $ — $ — $ — $ — $ — Collectively evaluated for impairment 5,484 897 1,337 614 194 50 8,576 $ 5,484 $ 897 $ 1,337 $ 614 $ 194 50 $ 8,576 Loans Receivable At September 30, 2018 (In thousands) Commercial Commercial and Commercial Consumer Consumer Real Estate Industrial Construction Residential Nonresidential Unallocated Total Financing receivables: Ending Balance Individually evaluated for impairment $ 724 $ 128 $ — $ 587 $ — $ — $ 1,439 Collectively evaluated for impairment 592,817 108,394 144,830 105,742 26,327 — 978,110 $ 593,541 $ 108,522 $ 144,830 $ 106,329 $ 26,327 $ — $ 979,549 Allowance for Loan Losses At December 31, 2018 (In thousands) Commercial Commercial and Commercial Consumer Consumer Real Estate Industrial Construction Residential Nonresidential Unallocated Total Allowance for credit losses: Ending Balance: Individually evaluated for impairment $ — $ 372 $ — $ 1 $ — $ — $ 373 Purchased 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 and Commercial Consumer Consumer Real Estate Industrial Construction Residential Nonresidential Unallocated Total Financing receivables: Ending Balance Individually evaluated for impairment $ 1,306 $ 2,969 $ — $ 182 $ — $ — $ 4,457 Purchased 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 September 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 September 30, 2019 With an allowance recorded: Commercial real estate $ — $ — $ — $ — $ — Commercial and industrial 1,786 1,786 321 1,790 104 Commercial construction — — — — — Consumer residential — — — — — Consumer nonresidential — — — — — $ 1,786 $ 1,786 $ 321 $ 1,790 $ 104 September 30, 2019 With no related allowance: Commercial real estate $ 5,293 $ 5,296 $ — $ 5,314 $ 184 Commercial and industrial 3,686 3,687 — 5,954 281 Commercial construction — — — — — Consumer residential — — — — — Consumer nonresidential — — — — — $ 8,979 $ 8,983 $ — $ 11,268 $ 465 Impaired Loans – Acquired Loan Portfolio Unpaid Average Interest Recorded Principal Related Recorded Income (In thousands) Investment Balance Allowance Investment Recognized September 30, 2019 With an allowance recorded: Commercial real estate $ 36 $ 28 $ 19 $ 181 $ 11 Commercial and industrial — — — — — Commercial construction — — — — — Consumer residential 169 163 29 163 8 Consumer nonresidential 23 23 23 24 2 $ 228 $ 214 $ 71 $ 368 $ 21 September 30, 2019 With no related allowance: Commercial real estate $ 174 $ 165 $ — $ 165 $ 10 Commercial and industrial — — — — — Commercial construction — — — — — Consumer residential 31 31 — 33 2 Consumer nonresidential — — — — — 205 196 $ — 198 12 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 September 30, 2019 and December 31, 2018: As of September 30, 2019 – Originated Loan Portfolio Commercial Real Commercial and Commercial Consumer Consumer (In thousands) Estate Industrial Construction Residential Nonresidential Total Grade: Pass $ 687,003 $ 107,661 $ 206,911 $ 82,540 $ 24,771 $ 1,108,886 Special mention 15,834 4,470 3,087 704 19 24,114 Substandard 4,192 5,308 — 102 — 9,602 Doubtful — — — — — — Loss — — — — — — Total $ 707,029 $ 117,439 $ 209,998 $ 83,346 $ 24,790 $ 1,142,602 As of September 30, 2019 – Acquired Loan Portfolio Commercial Real Commercial and Commercial Consumer Consumer (In thousands) Estate Industrial Construction Residential Nonresidential Total Grade: Pass $ 51,265 $ 7,010 $ 5,823 $ 36,399 $ 88 $ 100,585 Special mention 875 — — 141 — 1,016 Substandard 296 409 — 492 23 1,220 Doubtful — — — — — — Loss — — — — — — Total $ 52,436 $ 7,419 $ 5,823 $ 37,032 $ 111 $ 102,821 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 September 30, 2019, the Company had $24.1 million in loans identified as special mention within the originated loan portfolio, an increase of $15.5 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 well-secured. At September 30, 2019, the Company had $9.6 million in loans identified as substandard within the originated loan portfolio, an increase of $6.8 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 September 30, 2019, specific reserves on originated and acquired loans totaling $392 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 September 30, 2019 and December 31, 2018: As of September 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 $ 775 $ 504 $ 335 $ 1,614 $ 705,415 $ 707,029 $ 335 $ 5,961 Commercial and industrial 321 69 292 682 116,757 117,439 292 2,604 Commercial construction — 1,263 — 1,263 208,735 209,998 — — Consumer residential 768 165 — 933 82,413 83,346 — — Consumer nonresidential 132 20 99 251 24,539 24,790 99 — Total $ 1,996 $ 2,021 $ 726 $ 4,743 $ 1,137,859 $ 1,142,602 $ 726 $ 8,565 As of September 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 $ — $ — $ — $ — $ 52,436 $ 52,436 $ — $ 296 Commercial and industrial — — — — 7,419 7,419 — 268 Commercial construction — — — — 5,823 5,823 — — Consumer residential 47 382 — 429 36,603 37,032 — 566 Consumer nonresidential — — — — 111 111 — 23 Total $ 47 $ 382 $ — $ 429 $ 102,392 $ 102,821 $ — $ 1,153 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 As of September 30, 2019, there were $174 thousand of consumer mortgage loans secured by residential real estate properties for which formal foreclosure proceedings are in process. There were none as of December 31, 2018. There were overdrafts of $207 thousand and $28 thousand at September 30, 2019 and December 31, 2018, which have been reclassified from deposits to loans. At September 30, 2019 and December 31, 2018 loans with a carrying value of $158.0 million and $173.0 million were pledged to the Federal Home Loan Bank of Atlanta. There was a default of one troubled debt restructuring (TDR) during the twelve months since its restructuring for the nine months ended September 30, 2019. For the nine months ended September 30, 2018, no TDRs defaulted within twelve months of the restructuring. The following table presents loans classified as TDR’s during the nine months ended September 30, 2019: For the nine months ended September 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 loans classified as TDR’s in the nine months ended September 30, 2018. As of September 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	9 Months Ended
	Sep. 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 September 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 September 30, 2019, the Company entered into sixteen interest rate swap agreements which are collateralized with $8.1 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 September 30, 2019 and December 31, 2018 were as follows: September 30, 2019 Notional Amount Fair Value Interest Rate Swap Agreements (In thousands) Receive Fixed/Pay Variable Swaps $ 89,889 $ (7,665) Pay Fixed/Receive Variable Swaps 89,889 7,665 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 Interest Rate Risk Management—Cash Flow Hedging Instruments The Company uses FHLB advances and other wholesale funding from time to time as a source of funds for use in the Company's lending and investment activities and other general business purposes. This wholesale funding exposes the Company to increased interest rate risk as a result of the variability in cash flows (future interest payments). The Company believes it is prudent to reduce this interest rate risk. To meet this objective, the Company entered into an interest rate swap agreement whereby the Company reduces the interest rate risk associated with the Company’s variable rate advances (or other wholesale funding) from the designation date of July 30, 2019 and going through July 30, 2022 (the maturity date). At September 30, 2019, the information pertaining to outstanding interest rate swap agreements used to hedge variability in cash flows (FHLB advance which is included in other borrowed funds on the consolidated balance sheet) is as follows: (Dollars in thousands) Notional amount $ 15,000 Weighted average pay rate 1.88 % Weighted average receive rate 1.90 % Weighted average maturity in years 3 year Unrealized loss relating to interest rate swaps $ (134) These agreements provided for the Company to receive payments determined by a specific index (three month LIBOR) in exchange for making payments at a fixed rate. At September 30, 2019, the unrealized loss relating to interest rate swaps designated as hedging instruments of the variability of cash flows associated with FHLB advances are reported in other comprehensive income. These amounts are subsequently reclassified into interest expense as a yield adjustment in the same period in which the related interest on the advance affects earnings. The Company measures cash flow hedging relationships for effectiveness on a monthly basis, and at September 30, 2019, the hedges were highly effective and the amount of ineffectiveness reflected in earnings was de minimus.

Financial Instruments with Off-

Financial Instruments with Off-Balance Sheet Risk	9 Months Ended
	Sep. 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 September 30, 2019 and December 31, 2018, the following financial instruments were outstanding which contract amounts represent credit risk: (In thousands) September 30, 2019 December 31, 2018 Commitments to grant loans $ 16,700 $ 22,349 Unused commitments to fund loans and lines of credit 258,248 216,043 Commercial and standby letters of credit 9,901 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 $13.3 million and $5.1 million at September 30, 2019 and December 31, 2018, respectively.

Stock-Based Compensation Plan

Stock-Based Compensation Plan	9 Months Ended
	Sep. 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 September 30, 2019, 164,597 shares were available to grant under the Plan. No options were granted during the nine months ended September 30, 2019 and 2018, respectively. A summary of option activity under the Plan as of September 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 (161,442) 7.02 Forfeited or expired (4,646) 10.36 Outstanding at September 30, 2019 1,810,159 $ 8.08 $ 17,159,253 Exercisable at September 30, 2019 1,728,855 $ 7.92 $ 16,668,177 (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 September 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 $198 thousand and $181 thousand for the three months ended September 30, 2019 and 2018, respectively. Total compensation cost for the nine months ended September 30, 2019 and 2018 was $470 thousand and $531 thousand, respectively. As of September 30, 2019, there was unamortized compensation expense of $155 thousand that will be amortized over a weighted-average period of 10 months. The total income tax benefit related to stock options exercised and recognized in the income statement for share-based compensation arrangements was $67 and $5 thousand for the three months ended September 30, 2019 and 2018, respectively. Tax benefits recognized for nonqualified stock options during the nine months ended September 30, 2019 and 2018 totaled $162 thousand and $288 thousand, respectively. 79,460 units of restricted stock were granted during the nine months ended September 30, 2019. There were no restricted stock units granted during the nine months ended September 30, 2018. A summary of the Company’s restricted stock grant activity as of September 30, 2019 is shown below. Weighted Average Number of Grant Date Shares Fair Value Nonvested at January 1, 2019 50,629 $ 17.57 Granted 79,460 19.18 Vested (719) 16.41 Forfeited (5,031) 18.48 Balance at September 30, 2019 124,339 $ 18.57 As of September 30, 2019, there was $2.2 million 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 42 months.

Fair Value Measurements

Fair Value Measurements	9 Months Ended
	Sep. 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). Cash flow hedges: The Company has interest rate swap derivatives that are designated as cash flow hedges and are recorded at fair value using published yield curve rates from a national valuation service. These observable rates and inputs are applied to a third party industry-wide valuation model, and therefore, the valuations fall into a Level 2 category. The following table presents the balances of financial assets and liabilities measured at fair value on a recurring basis as of September 30, 2019 and December 31, 2018: Fair Value Measurements at September 30, 2019 Using Quoted Prices in Active Significant Markets for Other Significant Balance as of Identical Observable Unobservable (In thousands) September 30, Assets Inputs Inputs Description 2019 (Level 1) (Level 2) (Level 3) Assets Available-for-sale Securities of U.S. government and federal agencies $ 998 $ — $ 998 $ — Securities of state and local municipalities tax exempt 3,737 — 3,737 — Securities of state and local municipalities taxable 1,494 — 1,494 — Corporate bonds 4,970 — 4,970 — SBA pass-through securities 161 — 161 — Mortgage-backed securities 98,345 — 98,345 — Collateralized mortgage obligations 26,563 — 26,563 — Total Available-for-Sale Securities $ 136,268 $ — $ 136,268 $ — Derivative asset - cash flow hedges 28 — 28 — Derivative liability - cash flow hedges 134 — 134 — 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 present value of future cash flows,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 Consolidated 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 September 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) September 30, Assets Inputs Inputs Description 2019 (Level 1) (Level 2) (Level 3) Assets Impaired loans $ 1,622 $ — $ — $ 1,622 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 September 30, 2019 and December 31, 2018: Quantitative information about Level 3 Fair Value Measurements for September 30, 2019 (In thousands) Assets Fair Value Valuation Technique(s) Unobservable input Range (Avg.) Impaired loans $ 1,622 Discounted value Marketability/Selling costs 5% - 8% (7.77%) 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 September 30, 2019 and December 31, 2018. Fair values for September 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 September 30, 2019, using Quoted Prices in Active Markets for Significant Other Significant Identical Observable Unobservable Carrying Assets Inputs Inputs (In thousands) Amount Level 1 Level 2 Level 3 Financial assets: Cash and due from banks $ 19,424 $ 19,424 $ — $ — Interest-bearing deposits at other institutions 92,986 92,986 — — Securities held-to-maturity 264 — 270 — Securities available-for-sale 136,268 — 136,268 — Restricted stock 6,017 — 6,017 — Loans, net 1,233,337 — — 1,221,942 Bank owned life insurance 26,820 — 26,820 — Accrued interest receivable 4,279 — 4,279 — Financial liabilities: Checking, savings and money market accounts $ 917,645 $ — $ 917,645 $ — Time deposits 400,075 — 400,955 — FHLB advances 15,000 — 15,027 — Subordinated notes 24,467 — 25,152 — Accrued interest payable — 924 — Fair Value Measurements as of December 31, 2018, using Quoted Prices in Active Markets for Significant Other Significant Identical Observable 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	9 Months Ended
	Sep. 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.Holders of the Company's restricted stock units do not have voting rights during the vesting period and therefore, restricted stock units are not included in the computation of basic earnings per share. 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 no anti-dilutive shares for each of the periods ended September 30, 2019 and 2018, respectively. Three Months Ended Nine Months Ended September 30, September 30, (In thousands, except per share data) 2019 2018 2019 2018 Net income $ 4,093 $ 3,385 $ 12,104 $ 9,459 Weighted average number of shares 13,862 11,325 13,796 11,094 Effect of dilutive securities, restricted stock units and options 1,005 1,145 1,026 1,102 Weighted average diluted shares 14,867 12,470 14,822 12,196 Basic EPS $ 0.30 $ 0.30 $ 0.88 $ 0.85 Diluted EPS $ 0.28 $ 0.27 $ 0.82 $ 0.78

Accumulated Other Comprehensive

Accumulated Other Comprehensive Income (Loss)	9 Months Ended
	Sep. 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 nine months ended September 30, 2019 and 2018 are shown in the following table. The Company has two components, which are available‑for‑sale securities and interest rate swap, for the periods presented. (In thousands) Three Months Ended September 30, 2019 Available-for-Sale Securities Interest Rate Swap Total Balance, beginning of period $ 351 $ — $ 351 Net unrealized gains (losses) during the period 456 (106) 350 Other comprehensive income (loss), net of tax 456 (106) 350 Balance, end of period $ 807 $ (106) $ 701 (In thousands) Nine Months Ended September 30, 2019 Available-for-Sale Securities Interest Rate Swap Total Balance, beginning of period $ (2,411) $ — $ (2,411) Net unrealized gains (losses) during the period 3,218 (106) 3,112 Other comprehensive income (loss), net of tax 3,218 (106) 3,112 Balance, end of period $ 807 $ (106) $ 701 Three Months Ended Nine Months Ended (In thousands) September 30, September 30, Available-for-Sale Securities 2018 2018 Balance, beginning of period $ (3,489) $ (1,693) Net unrealized gains (losses) during the period (540) (2,336) Other comprehensive income (loss), net of tax (540) (2,336) Balance, end of period $ (4,029) $ (4,029)

Subordinated Notes

Subordinated Notes	9 Months Ended
	Sep. 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 September 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	9 Months Ended
	Sep. 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. When the Company enters into an interest rate swap agreement, the Company may receive an additional one-time payment fee which is recognized as income when received. The Company receives monthly recurring commissions based on 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 nine months ended September 30, 2019 and 2018: Three Months Ended Nine Months Ended September 30, September 30, (In thousands) 2019 2018 2019 2018 Noninterest Income In-scope of Topic 606 Service Charges on Deposit Accounts $ 240 $ 158 $ 651 $ 452 Fees, Exchange, and Other Service Charges 103 60 301 177 Other 6 10 31 37 Noninterest Income (in-scope of Topic 606) 349 228 983 666 Noninterest Income (out-scope of Topic 606) 331 520 973 829 Total Noninterest Income $ 680 $ 748 $ 1,956 $ 1,495 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 September 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	9 Months Ended
	Sep. 30, 2019
Supplemental Cash Flow Information
Supplemental Cash Flow Information	Note 12. Supplemental Cash Flow Information For the Nine Months Ended September 30, (In thousands) 2019 2018 Supplemental Disclosure of Cash Flow Information: Cash paid for: Interest on deposits and borrowed funds $ 13,616 $ 7,823 Income taxes 1,516 4,892 Noncash investing and financing activities: Unrealized gain (loss) on securities available-for-sale 4,164 (2,957) Unsettled purchases of available-for-sale securities 8,163 — Initial right of use asset - operating leases 12,249 — Initial lease liability - operating leases 12,656 — Right-of-use assets obtained in the exchange for lease liabilities during the current period 2,378 —

Leases

Leases	9 Months Ended
	Sep. 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) September 30, 2019 Lease Liability $ 13,971 Right-of-Use-Asset $ 13,597 Weighted Average Remaining Lease Term (Years) Weighted Average discount rate 3.31 % For the Three Months Ended For the Nine Months Ended For the Three Months Ended For the Nine Months Ended (In thousands) September 30, 2019 September 30, 2019 September 30, 2018 September 30, 2018 Operating Lease Expense $ 551 $ 1,466 $ 315 $ 941 Cash paid for amounts included in lease liabilities $ 398 $ 1,241 N/A N/A Right-of-use assets obtained in exchange for operating lease liabilities 2,078 2,378 N/A N/A The following table presents a maturity schedule of undiscounted cash flows that contribute to the lease liability: (In thousands) September 30, 2019 Three months ending December 31, 2019 $ 437 Twelve months ending December 31, 2020 1,546 Twelve months ending December 31, 2021 1,559 Twelve months ending December 31, 2022 1,599 Twelve months ending December 31, 2023 1,596 Twelve months ending December 31, 2024 1,567 Thereafter 8,550 Total $ 16,854 Less: discount (2,883) $ 13,971

Organization and Summary of S_2

Organization and Summary of Significant Accounting Policies (Policies)	9 Months Ended
	Sep. 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. At the FASB's October 16, 2019 meeting, the Board affirmed its decision to amend the effective date of this ASU for many companies. Public business entities that are SEC filers, excluding those meeting the smaller reporting company definition, will retain the initial required implementation date of fiscal years, and interim periods within those fiscal years, beginning after December 15, 2019. All other entities will be required to apply the guidance for fiscal years, and interim periods within those years, beginning after December 15, 2022. 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)	9 Months Ended
	Sep. 30, 2019
Securities
Schedule of amortized cost and fair values of securities held-to-maturity and securities available-for-sale	September 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 $ 6 $ — $ 270 Securities of U.S. government and federal agencies — — — Total Held-to-maturity Securities $ 264 $ 6 $ — $ 270 Available-for-sale Securities of U.S. government and federal agencies $ 1,000 $ — $ (2) $ 998 Securities of state and local municipalities tax exempt 3,667 70 — 3,737 Securities of state and local municipalities taxable 1,514 — (20) 1,494 Corporate bonds 5,000 56 (86) 4,970 Certificates of deposit — — — — SBA pass-through securities 163 — (2) 161 Mortgage-backed securities 97,565 1,054 (274) 98,345 Collateralized mortgage obligations 26,338 362 (137) 26,563 Total Available-for-sale Securities $ 135,247 $ 1,542 $ (521) $ 136,268 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 September 30, 2019 Value Losses Value Losses Value Losses Securities of U.S. government and federal agencies $ — $ — $ 998 $ (2) $ 998 $ (2) Securities of state and local municipalities taxable — — 994 (20) 994 (20) Corporate bonds — — 915 (86) 915 (86) SBA pass-through securities — — (2) (2) Mortgage-backed securities 10,252 (22) 23,478 (252) 33,730 (274) Collateralized mortgage obligations 1,732 (6) 11,315 (131) 13,047 (137) Total $ 11,984 $ (28) $ 37,861 $ (493) $ 49,845 $ (521) 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	September 30, 2019 Held-to-maturity Available-for-sale Amortized Fair Amortized Fair (In thousands) Cost Value Cost Value Less than 1 year $ — $ — $ 500 $ 500 After 5 years through 10 years 264 270 22,977 23,090 After 10 years — — 111,770 112,678 Total $ 264 $ 270 $ 135,247 $ 136,268

Loans and Allowance for Loan _2

Loans and Allowance for Loan Losses (Tables)	9 Months Ended
	Sep. 30, 2019
Loans and Allowance for Loan Losses
Summary of loan balances	September 30, 2019 December 31, 2018 (In thousands) Originated Acquired Total Originated Acquired Total Commercial real estate $ 707,029 $ 52,436 $ 759,465 $ 616,614 $ 66,988 $ 683,602 Commercial and industrial 117,439 7,419 124,858 128,909 8,419 137,328 Commercial construction 209,998 5,823 215,821 141,694 11,645 153,339 Consumer residential 83,346 37,032 120,378 87,609 43,822 131,431 Consumer nonresidential 24,790 111 24,901 32,184 124 32,308 $ 1,142,602 $ 102,821 $ 1,245,423 $ 1,007,010 $ 130,998 $ 1,138,008 Less: Allowance for loan losses 9,997 71 10,068 9,159 — 9,159 Unearned income and (unamortized premiums), net 2,018 — 2,018 1,265 — 1,265 Loans, net $ 1,130,587 $ 102,750 $ 1,233,337 $ 996,586 $ 130,998 $ 1,127,584
Schedule of acquired loans	(In thousands) September 30, 2019 Purchased credit impaired acquired loans evaluated individually for future credit losses Outstanding principal balance $ 2,439 Carrying amount 1,734 Other acquired loans Outstanding principal balance 102,516 Carrying amount 101,087 Total acquired loans Outstanding principal balance 104,955 Carrying amount 102,821 (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 (110) Reclassification of nonaccretable difference due to improvement in expected cash flows 16 Other changes, net 69 Balance at September 30, 2019 $ 332 (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 September 30, 2019 (In thousands) Commercial Commercial and Commercial Consumer Consumer Real Estate Industrial Construction Residential Nonresidential Total Allowance for credit losses: Beginning Balance, July 1 $ 5,989 $ 1,411 $ 1,888 $ 494 $ 214 $ 9,996 Charge-offs — — — — (187) (187) Recoveries — — — — 24 24 Provision 52 (105) 176 (42) 154 235 Ending Balance $ 6,041 $ 1,306 $ 2,064 $ 452 $ 205 $ 10,068 Allowance for Loan Losses For the nine months ended September 30, 2019 (In thousands) Commercial Commercial and Commercial Consumer Consumer Real Estate 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 — — — — (370) (370) Recoveries — — — — 24 24 Provision 493 (168) 779 (66) 217 1,255 Ending Balance $ 6,041 $ 1,306 $ 2,064 $ 452 $ 205 $ 10,068 Allowance for Loan Losses For the three months ended September 30, 2018 (In thousands) Commercial Commercial and Commercial Consumer Consumer Real Estate Industrial Construction Residential Nonresidential Unallocated Total Allowance for credit losses: Beginning Balance, July 1 $ 5,275 $ 869 $ 1,306 $ 604 $ 208 $ 36 $ 8,298 Charge-offs — — — — (118) — (118) Recoveries — 10 — — 35 — 45 Provision 209 18 31 10 69 14 351 Ending Balance $ 5,484 $ 897 $ 1,337 $ 614 $ 194 $ 50 $ 8,576 Allowance for Loan Losses For the nine months ended September 30, 2018 (In thousands) Commercial Commercial and Commercial Consumer Consumer Real Estate Industrial Construction Residential Nonresidential Unallocated Total Allowance for credit losses: Beginning Balance, January 1 $ 4,832 $ 768 $ 1,191 $ 626 $ 268 $ 40 $ 7,725 Charge-offs — (86) — — (128) — (214) Recoveries — 40 — — 35 — 75 Provision 652 175 146 (12) 19 10 990 Ending Balance $ 5,484 $ 897 $ 1,337 $ 614 $ 194 $ 50 $ 8,576 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, January 1 $ 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 September 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 $ 19 $ 321 $ — $ 29 23 $ 392 Purchased credit impaired — — — — — — Collectively evaluated for impairment 6,022 985 2,064 423 182 9,676 $ 6,041 $ 1,306 $ 2,064 $ 452 $ 205 $ 10,068 Loans Receivable At September 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 $ 5,503 $ 5,472 $ — $ 200 23 $ 11,198 Purchased credit impaired 960 409 — 365 — 1,734 Collectively evaluated for impairment 753,002 118,977 215,821 119,813 24,878 1,232,491 $ 759,465 $ 124,858 $ 215,821 $ 120,378 $ 24,901 $ 1,245,423 Allowance for Loan Losses At September 30, 2018 (In thousands) Commercial Commercial and Commercial Consumer Consumer Real Estate Industrial Construction Residential Nonresidential Unallocated Total Allowance for credit losses: Ending Balance: Individually evaluated for impairment $ — $ — $ — $ — $ — $ — $ — Collectively evaluated for impairment 5,484 897 1,337 614 194 50 8,576 $ 5,484 $ 897 $ 1,337 $ 614 $ 194 50 $ 8,576 Loans Receivable At September 30, 2018 (In thousands) Commercial Commercial and Commercial Consumer Consumer Real Estate Industrial Construction Residential Nonresidential Unallocated Total Financing receivables: Ending Balance Individually evaluated for impairment $ 724 $ 128 $ — $ 587 $ — $ — $ 1,439 Collectively evaluated for impairment 592,817 108,394 144,830 105,742 26,327 — 978,110 $ 593,541 $ 108,522 $ 144,830 $ 106,329 $ 26,327 $ — $ 979,549 Allowance for Loan Losses At December 31, 2018 (In thousands) Commercial Commercial and Commercial Consumer Consumer Real Estate Industrial Construction Residential Nonresidential Unallocated Total Allowance for credit losses: Ending Balance: Individually evaluated for impairment $ — $ 372 $ — $ 1 $ — $ — $ 373 Purchased 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 and Commercial Consumer Consumer Real Estate Industrial Construction Residential Nonresidential Unallocated Total Financing receivables: Ending Balance Individually evaluated for impairment $ 1,306 $ 2,969 $ — $ 182 $ — $ — $ 4,457 Purchased 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 September 30, 2019 With an allowance recorded: Commercial real estate $ — $ — $ — $ — $ — Commercial and industrial 1,786 1,786 321 1,790 104 Commercial construction — — — — — Consumer residential — — — — — Consumer nonresidential — — — — — $ 1,786 $ 1,786 $ 321 $ 1,790 $ 104 September 30, 2019 With no related allowance: Commercial real estate $ 5,293 $ 5,296 $ — $ 5,314 $ 184 Commercial and industrial 3,686 3,687 — 5,954 281 Commercial construction — — — — — Consumer residential — — — — — Consumer nonresidential — — — — — $ 8,979 $ 8,983 $ — $ 11,268 $ 465 Impaired Loans – Acquired Loan Portfolio Unpaid Average Interest Recorded Principal Related Recorded Income (In thousands) Investment Balance Allowance Investment Recognized September 30, 2019 With an allowance recorded: Commercial real estate $ 36 $ 28 $ 19 $ 181 $ 11 Commercial and industrial — — — — — Commercial construction — — — — — Consumer residential 169 163 29 163 8 Consumer nonresidential 23 23 23 24 2 $ 228 $ 214 $ 71 $ 368 $ 21 September 30, 2019 With no related allowance: Commercial real estate $ 174 $ 165 $ — $ 165 $ 10 Commercial and industrial — — — — — Commercial construction — — — — — Consumer residential 31 31 — 33 2 Consumer nonresidential — — — — — 205 196 $ — 198 12 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 September 30, 2019 – Originated Loan Portfolio Commercial Real Commercial and Commercial Consumer Consumer (In thousands) Estate Industrial Construction Residential Nonresidential Total Grade: Pass $ 687,003 $ 107,661 $ 206,911 $ 82,540 $ 24,771 $ 1,108,886 Special mention 15,834 4,470 3,087 704 19 24,114 Substandard 4,192 5,308 — 102 — 9,602 Doubtful — — — — — — Loss — — — — — — Total $ 707,029 $ 117,439 $ 209,998 $ 83,346 $ 24,790 $ 1,142,602 As of September 30, 2019 – Acquired Loan Portfolio Commercial Real Commercial and Commercial Consumer Consumer (In thousands) Estate Industrial Construction Residential Nonresidential Total Grade: Pass $ 51,265 $ 7,010 $ 5,823 $ 36,399 $ 88 $ 100,585 Special mention 875 — — 141 — 1,016 Substandard 296 409 — 492 23 1,220 Doubtful — — — — — — Loss — — — — — — Total $ 52,436 $ 7,419 $ 5,823 $ 37,032 $ 111 $ 102,821 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 September 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 $ 775 $ 504 $ 335 $ 1,614 $ 705,415 $ 707,029 $ 335 $ 5,961 Commercial and industrial 321 69 292 682 116,757 117,439 292 2,604 Commercial construction — 1,263 — 1,263 208,735 209,998 — — Consumer residential 768 165 — 933 82,413 83,346 — — Consumer nonresidential 132 20 99 251 24,539 24,790 99 — Total $ 1,996 $ 2,021 $ 726 $ 4,743 $ 1,137,859 $ 1,142,602 $ 726 $ 8,565 As of September 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 $ — $ — $ — $ — $ 52,436 $ 52,436 $ — $ 296 Commercial and industrial — — — — 7,419 7,419 — 268 Commercial construction — — — — 5,823 5,823 — — Consumer residential 47 382 — 429 36,603 37,032 — 566 Consumer nonresidential — — — — 111 111 — 23 Total $ 47 $ 382 $ — $ 429 $ 102,392 $ 102,821 $ — $ 1,153 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 As of September 30, 2019, there were $174 thousand of consumer mortgage loans secured by residential real estate properties for which formal foreclosure proceedings are in process. There were none as of December 31, 2018.
Schedule of loans classified as TDR's	For the nine months ended September 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)	9 Months Ended
	Sep. 30, 2019
Derivative Financial Instruments
Schedule of notional amount and fair value of derivative financial instruments	September 30, 2019 Notional Amount Fair Value Interest Rate Swap Agreements (In thousands) Receive Fixed/Pay Variable Swaps $ 89,889 $ (7,665) Pay Fixed/Receive Variable Swaps 89,889 7,665 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 At September 30, 2019, the information pertaining to outstanding interest rate swap agreements used to hedge variability in cash flows (FHLB advance which is included in other borrowed funds on the consolidated balance sheet) is as follows: (Dollars in thousands) Notional amount $ 15,000 Weighted average pay rate 1.88 % Weighted average receive rate 1.90 % Weighted average maturity in years 3 year Unrealized loss relating to interest rate swaps $ (134)

Financial Instruments with Of_2

Financial Instruments with Off-Balance Sheet Risk (Tables)	9 Months Ended
	Sep. 30, 2019
Financial Instruments with Off-Balance Sheet Risk
Schedule of financial instruments outstanding which contract amounts represent credit risk	(In thousands) September 30, 2019 December 31, 2018 Commitments to grant loans $ 16,700 $ 22,349 Unused commitments to fund loans and lines of credit 258,248 216,043 Commercial and standby letters of credit 9,901 9,383

Stock-Based Compensation Plan (

Stock-Based Compensation Plan (Tables)	9 Months Ended
	Sep. 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 (161,442) 7.02 Forfeited or expired (4,646) 10.36 Outstanding at September 30, 2019 1,810,159 $ 8.08 $ 17,159,253 Exercisable at September 30, 2019 1,728,855 $ 7.92 $ 16,668,177 (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 September 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 79,460 19.18 Vested (719) 16.41 Forfeited (5,031) 18.48 Balance at September 30, 2019 124,339 $ 18.57

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	9 Months Ended
	Sep. 30, 2019
Fair Value Measurements
Schedule of financial assets and liabilities measured at fair value on a recurring basis	Fair Value Measurements at September 30, 2019 Using Quoted Prices in Active Significant Markets for Other Significant Balance as of Identical Observable Unobservable (In thousands) September 30, Assets Inputs Inputs Description 2019 (Level 1) (Level 2) (Level 3) Assets Available-for-sale Securities of U.S. government and federal agencies $ 998 $ — $ 998 $ — Securities of state and local municipalities tax exempt 3,737 — 3,737 — Securities of state and local municipalities taxable 1,494 — 1,494 — Corporate bonds 4,970 — 4,970 — SBA pass-through securities 161 — 161 — Mortgage-backed securities 98,345 — 98,345 — Collateralized mortgage obligations 26,563 — 26,563 — Total Available-for-Sale Securities $ 136,268 $ — $ 136,268 $ — Derivative asset - cash flow hedges 28 — 28 — Derivative liability - cash flow hedges 134 — 134 — 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) September 30, Assets Inputs Inputs Description 2019 (Level 1) (Level 2) (Level 3) Assets Impaired loans $ 1,622 $ — $ — $ 1,622 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 September 30, 2019 (In thousands) Assets Fair Value Valuation Technique(s) Unobservable input Range (Avg.) Impaired loans $ 1,622 Discounted value Marketability/Selling costs 5% - 8% (7.77%) 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 September 30, 2019, using Quoted Prices in Active Markets for Significant Other Significant Identical Observable Unobservable Carrying Assets Inputs Inputs (In thousands) Amount Level 1 Level 2 Level 3 Financial assets: Cash and due from banks $ 19,424 $ 19,424 $ — $ — Interest-bearing deposits at other institutions 92,986 92,986 — — Securities held-to-maturity 264 — 270 — Securities available-for-sale 136,268 — 136,268 — Restricted stock 6,017 — 6,017 — Loans, net 1,233,337 — — 1,221,942 Bank owned life insurance 26,820 — 26,820 — Accrued interest receivable 4,279 — 4,279 — Financial liabilities: Checking, savings and money market accounts $ 917,645 $ — $ 917,645 $ — Time deposits 400,075 — 400,955 — FHLB advances 15,000 — 15,027 — Subordinated notes 24,467 — 25,152 — Accrued interest payable — 924 — Fair Value Measurements as of December 31, 2018, using Quoted Prices in Active Markets for Significant Other Significant Identical Observable 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)	9 Months Ended
	Sep. 30, 2019
Earnings Per Share
Schedule of earning per share	Three Months Ended Nine Months Ended September 30, September 30, (In thousands, except per share data) 2019 2018 2019 2018 Net income $ 4,093 $ 3,385 $ 12,104 $ 9,459 Weighted average number of shares 13,862 11,325 13,796 11,094 Effect of dilutive securities, restricted stock units and options 1,005 1,145 1,026 1,102 Weighted average diluted shares 14,867 12,470 14,822 12,196 Basic EPS $ 0.30 $ 0.30 $ 0.88 $ 0.85 Diluted EPS $ 0.28 $ 0.27 $ 0.82 $ 0.78

Accumulated Other Comprehensi_2

Accumulated Other Comprehensive Income (Loss) (Tables)	9 Months Ended
	Sep. 30, 2019
Accumulated Other Comprehensive Income (Loss)
Schedule of reclassifications from accumulated other comprehensive income	(In thousands) Three Months Ended September 30, 2019 Available-for-Sale Securities Interest Rate Swap Total Balance, beginning of period $ 351 $ — $ 351 Net unrealized gains (losses) during the period 456 (106) 350 Other comprehensive income (loss), net of tax 456 (106) 350 Balance, end of period $ 807 $ (106) $ 701 (In thousands) Nine Months Ended September 30, 2019 Available-for-Sale Securities Interest Rate Swap Total Balance, beginning of period $ (2,411) $ — $ (2,411) Net unrealized gains (losses) during the period 3,218 (106) 3,112 Other comprehensive income (loss), net of tax 3,218 (106) 3,112 Balance, end of period $ 807 $ (106) $ 701
Schedule of changes in accumulated other comprehensive income (AOCI)	Three Months Ended Nine Months Ended (In thousands) September 30, September 30, Available-for-Sale Securities 2018 2018 Balance, beginning of period $ (3,489) $ (1,693) Net unrealized gains (losses) during the period (540) (2,336) Other comprehensive income (loss), net of tax (540) (2,336) Balance, end of period $ (4,029) $ (4,029)

Revenue Recognition (Tables)

Revenue Recognition (Tables)	9 Months Ended
	Sep. 30, 2019
Revenue Recognition
Schedule of noninterest income	Three Months Ended Nine Months Ended September 30, September 30, (In thousands) 2019 2018 2019 2018 Noninterest Income In-scope of Topic 606 Service Charges on Deposit Accounts $ 240 $ 158 $ 651 $ 452 Fees, Exchange, and Other Service Charges 103 60 301 177 Other 6 10 31 37 Noninterest Income (in-scope of Topic 606) 349 228 983 666 Noninterest Income (out-scope of Topic 606) 331 520 973 829 Total Noninterest Income $ 680 $ 748 $ 1,956 $ 1,495

Supplemental Cash Flow Inform_2

Supplemental Cash Flow Information (Tables)	9 Months Ended
	Sep. 30, 2019
Supplemental Cash Flow Information
Schedule of supplemental cash flow information	For the Nine Months Ended September 30, (In thousands) 2019 2018 Supplemental Disclosure of Cash Flow Information: Cash paid for: Interest on deposits and borrowed funds $ 13,616 $ 7,823 Income taxes 1,516 4,892 Noncash investing and financing activities: Unrealized gain (loss) on securities available-for-sale 4,164 (2,957) Unsettled purchases of available-for-sale securities 8,163 — Initial right of use asset - operating leases 12,249 — Initial lease liability - operating leases 12,656 — Right-of-use assets obtained in the exchange for lease liabilities during the current period 2,378 —

Leases (Tables)

Leases (Tables)	9 Months Ended
	Sep. 30, 2019
Leases
Schedule of information about leases	(In thousands) September 30, 2019 Lease Liability $ 13,971 Right-of-Use-Asset $ 13,597 Weighted Average Remaining Lease Term (Years) Weighted Average discount rate 3.31 % For the Three Months Ended For the Nine Months Ended For the Three Months Ended For the Nine Months Ended (In thousands) September 30, 2019 September 30, 2019 September 30, 2018 September 30, 2018 Operating Lease Expense $ 551 $ 1,466 $ 315 $ 941 Cash paid for amounts included in lease liabilities $ 398 $ 1,241 N/A N/A Right-of-use assets obtained in exchange for operating lease liabilities 2,078 2,378 N/A N/A
Schedule of maturity schedule of undiscounted cash flows that contribute to the lease liability	(In thousands) September 30, 2019 Three months ending December 31, 2019 $ 437 Twelve months ending December 31, 2020 1,546 Twelve months ending December 31, 2021 1,559 Twelve months ending December 31, 2022 1,599 Twelve months ending December 31, 2023 1,596 Twelve months ending December 31, 2024 1,567 Thereafter 8,550 Total $ 16,854 Less: discount (2,883) $ 13,971

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	Sep. 30, 2019	Dec. 31, 2018
Held-to-maturity
Amortized Cost	$ 264	$ 1,761	[1]
Gross Unrealized Gains	6
Gross Unrealized (Losses)		(26)
Fair Value	270	1,735
Available-for-sale
Amortized Cost	135,247	126,680
Gross Unrealized Gains	1,542	196
Gross Unrealized (Losses)	(521)	(3,339)
Fair Value	136,268	123,537
Securities of U.S. government and federal agencies
Held-to-maturity
Amortized Cost		1,497
Gross Unrealized (Losses)		(20)
Fair Value		1,477
Available-for-sale
Amortized Cost	1,000	1,000
Gross Unrealized (Losses)	(2)	(44)
Fair Value	998	956
Securities of state and local municipalities tax exempt
Held-to-maturity
Amortized Cost	264	264
Gross Unrealized Gains	6
Gross Unrealized (Losses)		(6)
Fair Value	270	258
Available-for-sale
Amortized Cost	3,667	3,678
Gross Unrealized Gains	70
Gross Unrealized (Losses)		(39)
Fair Value	3,737	3,639
Securities of state and local municipalities taxable
Available-for-sale
Amortized Cost	1,514	2,378
Gross Unrealized (Losses)	(20)	(70)
Fair Value	1,494	2,308
Corporate bonds
Available-for-sale
Amortized Cost	5,000	5,000
Gross Unrealized Gains	56	92
Gross Unrealized (Losses)	(86)	(79)
Fair Value	4,970	5,013
Certificates of deposit
Available-for-sale
Amortized Cost		245
Gross Unrealized (Losses)		(1)
Fair Value		244
SBA pass-through securities
Available-for-sale
Amortized Cost	163	200
Gross Unrealized (Losses)	(2)	(5)
Fair Value	161	195
Mortgage-backed securities
Available-for-sale
Amortized Cost	97,565	90,234
Gross Unrealized Gains	1,054	94
Gross Unrealized (Losses)	(274)	(2,291)
Fair Value	98,345	88,037
Collateralized mortgage obligations
Available-for-sale
Amortized Cost	26,338	23,945
Gross Unrealized Gains	362	10
Gross Unrealized (Losses)	(137)	(810)
Fair Value	26,563	23,145
Federal Reserve Bank
Available-for-sale
Pledged securities	12,000	0
Community Bankers' Bank
Available-for-sale
Pledged securities	$ 0	$ 8,100
[1]	Derived from audited consolidated financial statements.

Securities - Continuous Unreali

Securities - Continuous Unrealized Loss Position (Details) - USD ($) $ in Thousands	Sep. 30, 2019	Dec. 31, 2018
Available-for-sale securities, Continuous Unrealized Loss Position, Fair Value
Fair Value, Less than 12 Months	$ 11,984	$ 14,751
Fair Value, 12 Months or Longer	37,861	86,436
Fair Value, Total	49,845	101,187
Available-for-sale securities, Continuous Unrealized Loss Position, Gross Unrealized Losses
Unrealized Losses, Less than 12 Months	(28)	(73)
Unrealized Losses, 12 Months or Longer	(493)	(3,292)
Unrealized Losses, Total	(521)	(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	998	2,433
Fair Value, Total	998	2,433
Available-for-sale securities, Continuous Unrealized Loss Position, Gross Unrealized Losses
Unrealized Losses, 12 Months or Longer	(2)	(64)
Unrealized Losses, Total	(2)	(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	994	1,551
Fair Value, Total	994	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	(20)	(69)
Unrealized Losses, Total	(20)	(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	915	933
Fair Value, Total	915	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	(86)	(67)
Unrealized Losses, Total	(86)	(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	161	195
Fair Value, Total	161	195
Available-for-sale securities, Continuous Unrealized Loss Position, Gross Unrealized Losses
Unrealized Losses, 12 Months or Longer	(2)	(5)
Unrealized Losses, Total	(2)	(5)
Mortgage-backed securities
Available-for-sale securities, Continuous Unrealized Loss Position, Fair Value
Fair Value, Less than 12 Months	10,252	12,743
Fair Value, 12 Months or Longer	23,478	60,656
Fair Value, Total	33,730	73,399
Available-for-sale securities, Continuous Unrealized Loss Position, Gross Unrealized Losses
Unrealized Losses, Less than 12 Months	(22)	(59)
Unrealized Losses, 12 Months or Longer	(252)	(2,232)
Unrealized Losses, Total	(274)	(2,291)
Collateralized mortgage obligations
Available-for-sale securities, Continuous Unrealized Loss Position, Fair Value
Fair Value, Less than 12 Months	1,732
Fair Value, 12 Months or Longer	11,315	16,790
Fair Value, Total	13,047	16,790
Available-for-sale securities, Continuous Unrealized Loss Position, Gross Unrealized Losses
Unrealized Losses, Less than 12 Months	(6)
Unrealized Losses, 12 Months or Longer	(131)	(810)
Unrealized Losses, Total	$ (137)	$ (810)

Securities - Continuous Unrea_2

Securities - Continuous Unrealized Loss Position - Additional information (Details) $ in Thousands	9 Months Ended
	Sep. 30, 2019USD ($)security	Dec. 31, 2018USD ($)
Schedule Of Available For Sale Securities
Securities held to maturity, fair value | $	$ 270	$ 1,735
Gross Unrealized Losses | $		26
No rating
Schedule Of Available For Sale Securities
Number of investment securities	4
Securities of U.S. government and federal agencies
Schedule Of Available For Sale Securities
Number of investment securities	1
Securities held to maturity, fair value | $		1,477
Gross Unrealized Losses | $		$ 20
Securities of state and local municipalities
Schedule Of Available For Sale Securities
Number of investment securities	8
Securities of state and local municipalities | AA+
Schedule Of Available For Sale Securities
Number of investment securities	4
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	31

Securities - Contractual Maturi

Securities - Contractual Maturities (Details) - USD ($) $ in Thousands	Sep. 30, 2019	Dec. 31, 2018
Held-to-maturity, Amortized Cost
After 5 years through 10 years	$ 264
Amortized Cost	264	$ 1,761	[1]
Held-to-maturity, Fair Value
After 5 years through 10 years	270
Fair Value	270	1,735
Available-for-sale, Amortized Cost
Less than 1 year	500
After 5 years through 10 years	22,977
After 10 years	111,770
Amortized Cost	135,247
Available-for-sale, Fair Value
Less than 1 year	500
After 5 years through 10 years	23,090
After 10 years	112,678
Fair Value	$ 136,268	$ 123,537	[1]
[1]	Derived from audited consolidated financial statements.

Securities - Contractual Matu_2

Securities - Contractual Maturities - Additional Information (Details) - USD ($)	9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018
Securities
Proceeds from maturities, calls and principal repayments of securities	$ 14,900,000	$ 12,800,000
Proceeds from sales of securities available-for-sale	0	0
Gross realized gains on available-for-sale securities	0	0
Realized losses	0	$ 0
Proceeds from calls and maturities of securities	2,500,000
Gross realized gains on securities	3,000
Gross realized loss on securities	$ 0

Loans and Allowance for Loan _3

Loans and Allowance for Loan Losses - Summary of loan balances by type (Details) - USD ($) $ in Thousands	Sep. 30, 2019	Jun. 30, 2019	Dec. 31, 2018		Sep. 30, 2018	Jun. 30, 2018	Dec. 31, 2017
Loans and Allowance for Loan Losses
Loans, gross	$ 1,245,423		$ 1,138,008		$ 979,549
Allowance for loan losses	10,068	$ 9,996	9,159		8,576	$ 8,298	$ 7,725
Unearned income and (unamortized premiums), net	2,018		1,265
Loans, net	1,233,337		1,127,584	[1]
Commercial | Real Estate
Loans and Allowance for Loan Losses
Loans, gross	759,465		683,602		593,541
Allowance for loan losses	6,041	5,989	5,548		5,484	5,275	4,832
Commercial | Commercial and Industrial
Loans and Allowance for Loan Losses
Loans, gross	124,858		137,328		108,522
Allowance for loan losses	1,306	1,411	1,474		897	869	768
Commercial | Construction
Loans and Allowance for Loan Losses
Loans, gross	215,821		153,339		144,830
Allowance for loan losses	2,064	1,888	1,285		1,337	1,306	1,191
Consumer | Residential
Loans and Allowance for Loan Losses
Loans, gross	120,378		131,431		106,329
Allowance for loan losses	452	494	518		614	604	626
Consumer | Nonresidential
Loans and Allowance for Loan Losses
Loans, gross	24,901		32,308		26,327
Allowance for loan losses	205	$ 214	334		$ 194	$ 208	$ 268
Originated Loan Portfolio
Loans and Allowance for Loan Losses
Loans, gross	1,142,602		1,007,010
Allowance for loan losses	9,997		9,159
Unearned income and (unamortized premiums), net	2,018		1,265
Loans, net	1,130,587		996,586
Originated Loan Portfolio | Commercial | Real Estate
Loans and Allowance for Loan Losses
Loans, gross	707,029		616,614
Originated Loan Portfolio | Commercial | Commercial and Industrial
Loans and Allowance for Loan Losses
Loans, gross	117,439		128,909
Originated Loan Portfolio | Commercial | Construction
Loans and Allowance for Loan Losses
Loans, gross	209,998		141,694
Originated Loan Portfolio | Consumer | Residential
Loans and Allowance for Loan Losses
Loans, gross	83,346		87,609
Originated Loan Portfolio | Consumer | Nonresidential
Loans and Allowance for Loan Losses
Loans, gross	24,790		32,184
Acquired Loan Portfolio
Loans and Allowance for Loan Losses
Loans, gross	102,821		130,998
Allowance for loan losses	71
Loans, net	102,750		130,998
Acquired Loan Portfolio | Commercial | Real Estate
Loans and Allowance for Loan Losses
Loans, gross	52,436		66,988
Acquired Loan Portfolio | Commercial | Commercial and Industrial
Loans and Allowance for Loan Losses
Loans, gross	7,419		8,419
Acquired Loan Portfolio | Commercial | Construction
Loans and Allowance for Loan Losses
Loans, gross	5,823		11,645
Acquired Loan Portfolio | Consumer | Residential
Loans and Allowance for Loan Losses
Loans, gross	37,032		43,822
Acquired Loan Portfolio | Consumer | Nonresidential
Loans and Allowance for Loan Losses
Loans, gross	$ 111		$ 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	9 Months Ended	12 Months Ended
	Sep. 30, 2019	Dec. 31, 2018	Sep. 30, 2018
Loans and Allowance for Loan Losses
Carrying amount	$ 11,198	$ 4,457	$ 1,439
Changes in the accretable yield on purchased credit impaired loans
Balance at the beginning of the period	357
Accretable yield at acquisition date		379
Accretion	(110)	(22)
Reclassification of nonaccretable difference due to improvement in expected cash flows	16
Other changes, net	69
Balance at the end of the period	332	357
Purchased credit impaired
Loans and Allowance for Loan Losses
Outstanding principal balance	2,439	2,533
Carrying amount	1,734	1,401
Other acquired loans
Loans and Allowance for Loan Losses
Outstanding principal balance	102,516	131,286
Carrying amount	101,087	129,597
Acquired Loan Portfolio
Loans and Allowance for Loan Losses
Outstanding principal balance	104,955	133,819
Carrying amount	$ 102,821	$ 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		9 Months Ended		12 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018	Dec. 31, 2018
Allowance for loan losses
Loans and Leases Receivable, Allowance, Beginning Balance	$ 9,996	$ 8,298	$ 9,159	$ 7,725	$ 7,725
Charge-offs	(187)	(118)	(370)	(214)	(565)
Recoveries	24	45	24	75	79
Provision	235	351	1,255	990	1,920
Loans and Leases Receivable, Allowance, Ending Balance	10,068	8,576	10,068	8,576	9,159
Ending Balance: Individually evaluated for impairment	392		392		373
Ending Balance: Collectively evaluated for impairment	9,676	8,576	9,676	8,576	8,786
Loans receivables:
Ending Balance: Individually evaluated for impairment	11,198	1,439	11,198	1,439	4,457
Ending Balance: Collectively evaluated for impairment	1,232,491	978,110	1,232,491	978,110	1,132,150
Loans receivables	1,245,423	979,549	1,245,423	979,549	1,138,008
Purchased credit impaired
Loans receivables:
Ending Balance: Individually evaluated for impairment	1,734		1,734		1,401
Loans receivables	1,734		1,734		1,401
Commercial | Real Estate
Allowance for loan losses
Loans and Leases Receivable, Allowance, Beginning Balance	5,989	5,275	5,548	4,832	4,832
Provision	52	209	493	652	716
Loans and Leases Receivable, Allowance, Ending Balance	6,041	5,484	6,041	5,484	5,548
Ending Balance: Individually evaluated for impairment	19		19
Ending Balance: Collectively evaluated for impairment	6,022	5,484	6,022	5,484	5,548
Loans receivables:
Ending Balance: Individually evaluated for impairment	5,503	724	5,503	724	1,306
Ending Balance: Collectively evaluated for impairment	753,002	592,817	753,002	592,817	682,157
Loans receivables	759,465	593,541	759,465	593,541	683,602
Commercial | Real Estate | Purchased credit impaired
Loans receivables:
Loans receivables	960		960		139
Commercial | Commercial and Industrial
Allowance for loan losses
Loans and Leases Receivable, Allowance, Beginning Balance	1,411	869	1,474	768	768
Charge-offs				(86)	(86)
Recoveries		10		40	26
Provision	(105)	18	(168)	175	766
Loans and Leases Receivable, Allowance, Ending Balance	1,306	897	1,306	897	1,474
Ending Balance: Individually evaluated for impairment	321		321		372
Ending Balance: Collectively evaluated for impairment	985	897	985	897	1,102
Loans receivables:
Ending Balance: Individually evaluated for impairment	5,472	128	5,472	128	2,969
Ending Balance: Collectively evaluated for impairment	118,977	108,394	118,977	108,394	133,892
Loans receivables	124,858	108,522	124,858	108,522	137,328
Commercial | Commercial and Industrial | Purchased credit impaired
Loans receivables:
Loans receivables	409		409		467
Commercial | Construction
Allowance for loan losses
Loans and Leases Receivable, Allowance, Beginning Balance	1,888	1,306	1,285	1,191	1,191
Provision	176	31	779	146	94
Loans and Leases Receivable, Allowance, Ending Balance	2,064	1,337	2,064	1,337	1,285
Ending Balance: Collectively evaluated for impairment	2,064	1,337	2,064	1,337	1,285
Loans receivables:
Ending Balance: Collectively evaluated for impairment	215,821	144,830	215,821	144,830	152,918
Loans receivables	215,821	144,830	215,821	144,830	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	494	604	518	626	626
Charge-offs					(187)
Recoveries					1
Provision	(42)	10	(66)	(12)	78
Loans and Leases Receivable, Allowance, Ending Balance	452	614	452	614	518
Ending Balance: Individually evaluated for impairment	29		29		1
Ending Balance: Collectively evaluated for impairment	423	614	423	614	517
Loans receivables:
Ending Balance: Individually evaluated for impairment	200	587	200	587	182
Ending Balance: Collectively evaluated for impairment	119,813	105,742	119,813	105,742	130,875
Loans receivables	120,378	106,329	120,378	106,329	131,431
Consumer | Residential | Purchased credit impaired
Loans receivables:
Loans receivables	365		365		374
Consumer | Nonresidential
Allowance for loan losses
Loans and Leases Receivable, Allowance, Beginning Balance	214	208	334	268	268
Charge-offs	(187)	(118)	(370)	(128)	(292)
Recoveries	24	35	24	35	52
Provision	154	69	217	19	306
Loans and Leases Receivable, Allowance, Ending Balance	205	194	205	194	334
Ending Balance: Individually evaluated for impairment	23		23
Ending Balance: Collectively evaluated for impairment	182	194	182	194	334
Loans receivables:
Ending Balance: Individually evaluated for impairment	23		23
Ending Balance: Collectively evaluated for impairment	24,878	26,327	24,878	26,327	32,308
Loans receivables	$ 24,901	26,327	$ 24,901	26,327	32,308
Unallocated
Allowance for loan losses
Loans and Leases Receivable, Allowance, Beginning Balance		36		40	40
Provision		14		10	$ (40)
Loans and Leases Receivable, Allowance, Ending Balance		50		50
Ending Balance: Collectively evaluated for impairment		$ 50		$ 50

Loans and Allowance for Loan _6

Loans and Allowance for Loan Losses - Impaired Loans (Details) - USD ($) $ in Thousands	9 Months Ended	12 Months Ended
	Sep. 30, 2019	Dec. 31, 2018
Originated Loan Portfolio
Recorded Investment
With an allowance recorded	$ 1,786	$ 1,975
With no related allowance	8,979	2,462
Unpaid Principal Balance
With an allowance recorded	1,786	1,975
With no related allowance	8,983	2,489
Related Allowance	321	373
Average Recorded Investment
With an allowance recorded	1,790	1,985
With no related allowance	11,268	2,699
Interest Income Recognized
With an allowance recorded	104	112
With no related allowance	465	149
Originated Loan Portfolio | Commercial | Real Estate
Recorded Investment
With no related allowance	5,293	1,306
Unpaid Principal Balance
With no related allowance	5,296	1,319
Average Recorded Investment
With no related allowance	5,314	1,321
Interest Income Recognized
With no related allowance	184	68
Originated Loan Portfolio | Commercial | Commercial and Industrial
Recorded Investment
With an allowance recorded	1,786	1,793
With no related allowance	3,686	1,156
Unpaid Principal Balance
With an allowance recorded	1,786	1,793
With no related allowance	3,687	1,170
Related Allowance	321	372
Average Recorded Investment
With an allowance recorded	1,790	1,801
With no related allowance	5,954	1,378
Interest Income Recognized
With an allowance recorded	104	100
With no related allowance	281	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	228
With no related allowance	205	20
Unpaid Principal Balance
With an allowance recorded	214
With no related allowance	196	20
Related Allowance	71
Average Recorded Investment
With an allowance recorded	368
With no related allowance	198	58
Interest Income Recognized
With an allowance recorded	21
With no related allowance	12	3
Acquired Loan Portfolio | Commercial | Real Estate
Recorded Investment
With an allowance recorded	36
With no related allowance	174
Unpaid Principal Balance
With an allowance recorded	28
With no related allowance	165
Related Allowance	19
Average Recorded Investment
With an allowance recorded	181
With no related allowance	165
Interest Income Recognized
With an allowance recorded	11
With no related allowance	10
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
With no related allowance	31
Unpaid Principal Balance
With an allowance recorded	163
With no related allowance	31
Related Allowance	29
Average Recorded Investment
With an allowance recorded	163
With no related allowance	33
Interest Income Recognized
With an allowance recorded	8
With no related allowance	2
Acquired Loan Portfolio | Consumer | Nonresidential
Recorded Investment
With an allowance recorded	23
Unpaid Principal Balance
With an allowance recorded	23
Related Allowance	23
Average Recorded Investment
With an allowance recorded	24
Interest Income Recognized
With an allowance recorded	$ 2

Loans and Allowance for Loan _7

Loans and Allowance for Loan Losses - Risk category (Details) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2019	Dec. 31, 2018	Sep. 30, 2018
Loans and allowance - Risk category of loans
Loans, gross	$ 1,245,423	$ 1,138,008	$ 979,549
Commercial | Real Estate
Loans and allowance - Risk category of loans
Loans, gross	759,465	683,602	593,541
Commercial | Commercial and Industrial
Loans and allowance - Risk category of loans
Loans, gross	124,858	137,328	108,522
Commercial | Construction
Loans and allowance - Risk category of loans
Loans, gross	215,821	153,339	144,830
Consumer | Residential
Loans and allowance - Risk category of loans
Loans, gross	120,378	131,431	106,329
Consumer | Nonresidential
Loans and allowance - Risk category of loans
Loans, gross	24,901	32,308	$ 26,327
Originated Loan Portfolio
Loans and allowance - Risk category of loans
Loans, gross	1,142,602	1,007,010
Originated Loan Portfolio | Pass
Loans and allowance - Risk category of loans
Loans, gross	1,108,886	995,655
Originated Loan Portfolio | Special mention
Loans and allowance - Risk category of loans
Loans, gross	24,114	8,578
Increase in loans	15,500
Originated Loan Portfolio | Substandard
Loans and allowance - Risk category of loans
Loans, gross	9,602	2,777
Increase in loans	6,800
Originated Loan Portfolio | Commercial | Real Estate
Loans and allowance - Risk category of loans
Loans, gross	707,029	616,614
Originated Loan Portfolio | Commercial | Real Estate | Pass
Loans and allowance - Risk category of loans
Loans, gross	687,003	610,580
Originated Loan Portfolio | Commercial | Real Estate | Special mention
Loans and allowance - Risk category of loans
Loans, gross	15,834	6,034
Originated Loan Portfolio | Commercial | Real Estate | Substandard
Loans and allowance - Risk category of loans
Loans, gross	4,192
Originated Loan Portfolio | Commercial | Commercial and Industrial
Loans and allowance - Risk category of loans
Loans, gross	117,439	128,909
Originated Loan Portfolio | Commercial | Commercial and Industrial | Pass
Loans and allowance - Risk category of loans
Loans, gross	107,661	124,349
Originated Loan Portfolio | Commercial | Commercial and Industrial | Special mention
Loans and allowance - Risk category of loans
Loans, gross	4,470	1,783
Originated Loan Portfolio | Commercial | Commercial and Industrial | Substandard
Loans and allowance - Risk category of loans
Loans, gross	5,308	2,777
Originated Loan Portfolio | Commercial | Construction
Loans and allowance - Risk category of loans
Loans, gross	209,998	141,694
Originated Loan Portfolio | Commercial | Construction | Pass
Loans and allowance - Risk category of loans
Loans, gross	206,911	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	83,346	87,609
Originated Loan Portfolio | Consumer | Residential | Pass
Loans and allowance - Risk category of loans
Loans, gross	82,540	86,848
Originated Loan Portfolio | Consumer | Residential | Special mention
Loans and allowance - Risk category of loans
Loans, gross	704	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	24,790	32,184
Originated Loan Portfolio | Consumer | Nonresidential | Pass
Loans and allowance - Risk category of loans
Loans, gross	24,771	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	102,821	130,998
Acquired Loan Portfolio | Pass
Loans and allowance - Risk category of loans
Loans, gross	100,585	129,960
Acquired Loan Portfolio | Special mention
Loans and allowance - Risk category of loans
Loans, gross	1,016	477
Acquired Loan Portfolio | Substandard
Loans and allowance - Risk category of loans
Loans, gross	1,220	561
Acquired Loan Portfolio | Commercial | Real Estate
Loans and allowance - Risk category of loans
Loans, gross	52,436	66,988
Acquired Loan Portfolio | Commercial | Real Estate | Pass
Loans and allowance - Risk category of loans
Loans, gross	51,265	66,849
Acquired Loan Portfolio | Commercial | Real Estate | Special mention
Loans and allowance - Risk category of loans
Loans, gross	875	56
Acquired Loan Portfolio | Commercial | Real Estate | Substandard
Loans and allowance - Risk category of loans
Loans, gross	296	83
Acquired Loan Portfolio | Commercial | Commercial and Industrial
Loans and allowance - Risk category of loans
Loans, gross	7,419	8,419
Acquired Loan Portfolio | Commercial | Commercial and Industrial | Pass
Loans and allowance - Risk category of loans
Loans, gross	7,010	7,952
Acquired Loan Portfolio | Commercial | Commercial and Industrial | Substandard
Loans and allowance - Risk category of loans
Loans, gross	409	467
Acquired Loan Portfolio | Commercial | Construction
Loans and allowance - Risk category of loans
Loans, gross	5,823	11,645
Acquired Loan Portfolio | Commercial | Construction | Pass
Loans and allowance - Risk category of loans
Loans, gross	5,823	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	37,032	43,822
Acquired Loan Portfolio | Consumer | Residential | Pass
Loans and allowance - Risk category of loans
Loans, gross	36,399	43,811
Acquired Loan Portfolio | Consumer | Residential | Special mention
Loans and allowance - Risk category of loans
Loans, gross	141
Acquired Loan Portfolio | Consumer | Residential | Substandard
Loans and allowance - Risk category of loans
Loans, gross	492	11
Acquired Loan Portfolio | Consumer | Nonresidential
Loans and allowance - Risk category of loans
Loans, gross	111	124
Acquired Loan Portfolio | Consumer | Nonresidential | Pass
Loans and allowance - Risk category of loans
Loans, gross	88	$ 124
Acquired Loan Portfolio | Consumer | Nonresidential | Substandard
Loans and allowance - Risk category of loans
Loans, gross	$ 23

Loans and Allowance for Loan _8

Loans and Allowance for Loan Losses - Past due and Non accrual of loans (Details) - USD ($) $ in Thousands	Sep. 30, 2019	Dec. 31, 2018		Sep. 30, 2018
Loans and Allowance for Loan Losses
Total loans	$ 1,245,423	$ 1,138,008		$ 979,549
Loans, net	1,233,337	1,127,584	[1]
Loans for which formal foreclosure proceedings are in process	174	0
Federal Home Loan Bank of Atlanta
Loans and Allowance for Loan Losses
Loans pledged	158,000	173,000
Adjustment
Loans and Allowance for Loan Losses
Loans, net	207	28
Deposits	(207)	(28)
Commercial | Real Estate
Loans and Allowance for Loan Losses
Total loans	759,465	683,602		593,541
Commercial | Commercial and Industrial
Loans and Allowance for Loan Losses
Total loans	124,858	137,328		108,522
Commercial | Construction
Loans and Allowance for Loan Losses
Total loans	215,821	153,339		144,830
Consumer | Residential
Loans and Allowance for Loan Losses
Total loans	120,378	131,431		106,329
Consumer | Nonresidential
Loans and Allowance for Loan Losses
Total loans	24,901	32,308		$ 26,327
Originated Loan Portfolio
Loans and Allowance for Loan Losses
Total past due	4,743	9,503
Current	1,137,859	997,507
Total loans	1,142,602	1,007,010
90 days past due and still accruing	726	1,031
Nonaccruals	8,565	1,951
Loans, net	1,130,587	996,586
Originated Loan Portfolio | 30-59 days past due
Loans and Allowance for Loan Losses
Total past due	1,996	4,084
Originated Loan Portfolio | 60-89 days past due
Loans and Allowance for Loan Losses
Total past due	2,021	2,718
Originated Loan Portfolio | 90 days or more past due
Loans and Allowance for Loan Losses
Total past due	726	2,701
Originated Loan Portfolio | Commercial | Real Estate
Loans and Allowance for Loan Losses
Total past due	1,614	5,210
Current	705,415	611,404
Total loans	707,029	616,614
90 days past due and still accruing	335
Nonaccruals	5,961
Originated Loan Portfolio | Commercial | Real Estate | 30-59 days past due
Loans and Allowance for Loan Losses
Total past due	775	3,062
Originated Loan Portfolio | Commercial | Real Estate | 60-89 days past due
Loans and Allowance for Loan Losses
Total past due	504	2,148
Originated Loan Portfolio | Commercial | Real Estate | 90 days or more past due
Loans and Allowance for Loan Losses
Total past due	335
Originated Loan Portfolio | Commercial | Commercial and Industrial
Loans and Allowance for Loan Losses
Total past due	682	2,950
Current	116,757	125,959
Total loans	117,439	128,909
90 days past due and still accruing	292	1,031
Nonaccruals	2,604	1,769
Originated Loan Portfolio | Commercial | Commercial and Industrial | 30-59 days past due
Loans and Allowance for Loan Losses
Total past due	321	68
Originated Loan Portfolio | Commercial | Commercial and Industrial | 60-89 days past due
Loans and Allowance for Loan Losses
Total past due	69	181
Originated Loan Portfolio | Commercial | Commercial and Industrial | 90 days or more past due
Loans and Allowance for Loan Losses
Total past due	292	2,701
Originated Loan Portfolio | Commercial | Construction
Loans and Allowance for Loan Losses
Total past due	1,263
Current	208,735	141,694
Total loans	209,998	141,694
Originated Loan Portfolio | Commercial | Construction | 60-89 days past due
Loans and Allowance for Loan Losses
Total past due	1,263
Originated Loan Portfolio | Consumer | Residential
Loans and Allowance for Loan Losses
Total past due	933	1,188
Current	82,413	86,421
Total loans	83,346	87,609
Nonaccruals		182
Originated Loan Portfolio | Consumer | Residential | 30-59 days past due
Loans and Allowance for Loan Losses
Total past due	768	843
Originated Loan Portfolio | Consumer | Residential | 60-89 days past due
Loans and Allowance for Loan Losses
Total past due	165	345
Originated Loan Portfolio | Consumer | Nonresidential
Loans and Allowance for Loan Losses
Total past due	251	155
Current	24,539	32,029
Total loans	24,790	32,184
90 days past due and still accruing	99
Originated Loan Portfolio | Consumer | Nonresidential | 30-59 days past due
Loans and Allowance for Loan Losses
Total past due	132	111
Originated Loan Portfolio | Consumer | Nonresidential | 60-89 days past due
Loans and Allowance for Loan Losses
Total past due	20	44
Originated Loan Portfolio | Consumer | Nonresidential | 90 days or more past due
Loans and Allowance for Loan Losses
Total past due	99
Acquired Loan Portfolio
Loans and Allowance for Loan Losses
Total past due	429	5,342
Current	102,392	125,656
Total loans	102,821	130,998
Nonaccruals	1,153	229
Loans, net	102,750	130,998
Acquired Loan Portfolio | 30-59 days past due
Loans and Allowance for Loan Losses
Total past due	47	4,418
Acquired Loan Portfolio | 60-89 days past due
Loans and Allowance for Loan Losses
Total past due	382	695
Acquired Loan Portfolio | 90 days or more past due
Loans and Allowance for Loan Losses
Total past due		229
Acquired Loan Portfolio | Commercial | Real Estate
Loans and Allowance for Loan Losses
Total past due		1,140
Current	52,436	65,848
Total loans	52,436	66,988
Nonaccruals	296	56
Acquired Loan Portfolio | Commercial | Real Estate | 30-59 days past due
Loans and Allowance for Loan Losses
Total past due		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		56
Acquired Loan Portfolio | Commercial | Commercial and Industrial
Loans and Allowance for Loan Losses
Total past due		446
Current	7,419	7,973
Total loans	7,419	8,419
Nonaccruals	268
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	5,823	11,459
Total loans	5,823	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	429	3,570
Current	36,603	40,252
Total loans	37,032	43,822
Nonaccruals	566	173
Acquired Loan Portfolio | Consumer | Residential | 30-59 days past due
Loans and Allowance for Loan Losses
Total past due	47	2,785
Acquired Loan Portfolio | Consumer | Residential | 60-89 days past due
Loans and Allowance for Loan Losses
Total past due	382	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
Current	111	124
Total loans	111	$ 124
Nonaccruals	$ 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	9 Months Ended
	Sep. 30, 2019USD ($)contractloan	Sep. 30, 2018loan	Dec. 31, 2018USD ($)
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	9 Months Ended	12 Months Ended
	Sep. 30, 2019USD ($)agreement	Dec. 31, 2018USD ($)agreement
Swap agreements
Derivative Financial Instruments
Number of swap agreements outstanding not included in the offsetting | agreement	16	8
Collateralized amount	$ 8,100	$ 1,600
Receive Fixed/Pay Variable Swaps
Derivative Financial Instruments
Notional amount	89,889	47,381
Fair Value, Liability	(7,665)	(1,705)
Pay Fixed/Receive Variable Swaps
Derivative Financial Instruments
Notional amount	89,889	47,381
Fair Value, Asset	$ 7,665	$ 1,705

Derivative Financial Instrume_4

Derivative Financial Instruments - Interest Rate Risk Management-Cash Flow Hedging Instruments (Details) - Cash flow hedge $ in Thousands	9 Months Ended
	Sep. 30, 2019USD ($)
Derivatives, Fair Value [Line Items]
Notional amount	$ 15,000
Weighted average pay rate	1.88%
Weighted average receive rate	1.90%
Weighted average maturity in years	3 years
Unrealized loss relating to interest rate swaps	$ (134)

Financial Instruments with Of_3

Financial Instruments with Off-Balance Sheet Risk (Details) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2019	Dec. 31, 2018
Financial Instruments with Off-Balance Sheet Risk
Cash on deposit in correspondent banks exceeding the federally insured limits	$ 13,300	$ 5,100
Commitments to grant loans | Contract credit risk
Financial Instruments with Off-Balance Sheet Risk
Financial instruments outstanding	16,700	22,349
Unused commitments to fund loans and lines of credit | Contract credit risk
Financial Instruments with Off-Balance Sheet Risk
Financial instruments outstanding	258,248	216,043
Commercial and standby letters of credit | Contract credit risk
Financial Instruments with Off-Balance Sheet Risk
Financial instruments outstanding	$ 9,901	$ 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	9 Months Ended
	Jun. 30, 2018	Sep. 30, 2019	Sep. 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)		164,597
Options granted (in shares)		0	0

Stock-Based Compensation Plan -

Stock-Based Compensation Plan - Options (Details) - Stock option - USD ($)		3 Months Ended		9 Months Ended		12 Months Ended
		Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018	Dec. 31, 2018
Additional disclosures
Compensation cost		$ 198,000	$ 181,000	$ 470,000	$ 531,000
Unamortized compensation cost		155,000		$ 155,000
Weighted-average recognition period (in months)				10 months
Total income tax benefits related to stock options exercised		$ 67,000	$ 5,000	$ 162,000	$ 288,000
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)				(161,442)
Forfeited or expired (in shares)				(4,646)
Outstanding at the end of the year (in shares)		1,810,159		1,810,159		1,976,247
Exercisable at the end of the year (in shares)		1,728,855		1,728,855
Weighted-Average Exercise Price
Outstanding at the beginning of the year (in dollars per share)				$ 8
Exercised (in dollars per share)				7.02
Forfeited or expired (in dollars per share)				10.36
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)		$ 7.92		$ 7.92
Additional disclosures
Outstanding Weighted-Average Remaining Contractual Term (in years)		4 years 4 months 2 days				4 years 11 months 23 days
Exercisable Weighted-Average Remaining Contractual Term (in years)		4 years 2 months 23 days
Outstanding Aggregate Intrinsic Value	[1]	$ 17,159,253		$ 17,159,253
Exercisable Aggregate Intrinsic Value	[1]	$ 16,668,177
[1]	The aggregate intrinsic value of stock options represents the total pretax 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 September 30, 2019. This amount changes based on changes in the market value of the Company’s stock.

Stock-Based Compensation Plan_3

Stock-Based Compensation Plan - Restricted stock (Details) - Restricted stock $ / shares in Units, $ in Millions	9 Months Ended
	Sep. 30, 2019USD ($)$ / sharesshares
Weighted Average Grant Date Fair Value
Unrecognized compensation cost | $	$ 2.2
Weighted-average recognition period (in months)	42 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	79,460
Vested (in shares) | shares	(719)
Forfeited (in shares) | shares	(5,031)
Balance at the end of the year (in shares) | shares	124,339
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	19.18
Vested (in dollars per share) | $ / shares	16.41
Forfeited (in dollars per share) | $ / shares	18.48
Outstanding at the end of the year (in dollars per share) | $ / shares	$ 18.57

Fair Value Measurements - Finan

Fair Value Measurements - Financial assets and liabilities measured at fair value on a recurring basis (Details) - USD ($) $ in Thousands	Sep. 30, 2019	Dec. 31, 2018
Assets
Total Available-for-Sale Securities	$ 136,268	$ 123,537	[1]
Level 2
Assets
Total Available-for-Sale Securities	136,268	123,537
Recurring
Assets
Total Available-for-Sale Securities	136,268	123,537
Derivative asset - cash flow hedges	28
Derivative liability - cash flow hedges	134
Recurring | Securities of U.S. government and federal agencies
Assets
Total Available-for-Sale Securities	998	956
Recurring | Securities of state and local municipalities tax exempt
Assets
Total Available-for-Sale Securities	3,737	3,639
Recurring | Securities of state and local municipalities taxable
Assets
Total Available-for-Sale Securities	1,494	2,308
Recurring | Corporate bonds
Assets
Total Available-for-Sale Securities	4,970	5,013
Recurring | Certificates of deposit
Assets
Total Available-for-Sale Securities		244
Recurring | SBA pass-through securities
Assets
Total Available-for-Sale Securities	161	195
Recurring | Mortgage-backed securities
Assets
Total Available-for-Sale Securities	98,345	88,037
Recurring | Collateralized mortgage obligations
Assets
Total Available-for-Sale Securities	26,563	23,145
Recurring | Level 2
Assets
Total Available-for-Sale Securities	136,268	123,537
Derivative asset - cash flow hedges	28
Derivative liability - cash flow hedges	134
Recurring | Level 2 | Securities of U.S. government and federal agencies
Assets
Total Available-for-Sale Securities	998	956
Recurring | Level 2 | Securities of state and local municipalities tax exempt
Assets
Total Available-for-Sale Securities	3,737	3,639
Recurring | Level 2 | Securities of state and local municipalities taxable
Assets
Total Available-for-Sale Securities	1,494	2,308
Recurring | Level 2 | Corporate bonds
Assets
Total Available-for-Sale Securities	4,970	5,013
Recurring | Level 2 | Certificates of deposit
Assets
Total Available-for-Sale Securities		244
Recurring | Level 2 | SBA pass-through securities
Assets
Total Available-for-Sale Securities	161	195
Recurring | Level 2 | Mortgage-backed securities
Assets
Total Available-for-Sale Securities	98,345	88,037
Recurring | Level 2 | Collateralized mortgage obligations
Assets
Total Available-for-Sale Securities	$ 26,563	$ 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	Sep. 30, 2019	Dec. 31, 2018
Assets
Impaired loans	$ 1,622	$ 1,602
Other real estate owned	3,866	4,224
Level 2
Assets
Other real estate owned		358
Level 3
Assets
Impaired loans	1,622	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)	Sep. 30, 2019USD ($)item	Dec. 31, 2018USD ($)item
Nonrecurring
Quantitative information about Level 3 Fair Value Measurements
Impaired loans	$ 1,622,000	$ 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	(7.77)	(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	8	11
Level 3 | Nonrecurring
Quantitative information about Level 3 Fair Value Measurements
Impaired loans	$ 1,622,000	$ 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	Sep. 30, 2019	Dec. 31, 2018
Financial assets:
Cash and due from banks	$ 19,424	$ 9,435	[1]
Interest-bearing deposits at other institutions	92,986	34,060	[1]
Amortized Cost	264	1,761	[1]
Total Available-for-Sale Securities	136,268	123,537	[1]
Restricted stock	6,017	5,299	[1]
Loans, net	1,233,337	1,127,584	[1]
Bank owned life insurance	26,820	16,406	[1]
Accrued interest receivable	4,279	4,050	[1]
Financial liabilities:
Time deposits	400,075	345,386	[1]
FHLB advances	15,000
Subordinated notes	24,467	24,407	[1]
Accrued interest payable	924	811	[1]
Carrying Amount
Financial assets:
Cash and due from banks	19,424	9,435
Interest-bearing deposits at other institutions	92,986	34,060
Amortized Cost	264	1,761
Total Available-for-Sale Securities	136,268	123,537
Restricted stock	6,017	5,299
Loans, net	1,233,337	1,127,584
Bank owned life insurance	26,820	16,406
Accrued interest receivable	4,279	4,050
Financial liabilities:
Checking, savings and money market accounts	917,645	817,054
Time deposits	400,075	345,386
FHLB advances	15,000
Subordinated notes	24,467	24,407
Accrued interest payable	924	811
Level 1
Financial assets:
Cash and due from banks	19,424	9,435
Interest-bearing deposits at other institutions	92,986	34,060
Level 2
Financial assets:
Amortized Cost	270	1,735
Total Available-for-Sale Securities	136,268	123,537
Restricted stock	6,017	5,299
Bank owned life insurance	26,820	16,406
Accrued interest receivable	4,279	4,050
Financial liabilities:
Checking, savings and money market accounts	917,645	817,054
Time deposits	400,955	344,877
FHLB advances	15,027
Subordinated notes	25,152	24,515
Accrued interest payable	924	811
Level 3
Financial assets:
Loans, net	$ 1,221,942	$ 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		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Earnings Per Share
Number of anti-dilutive shares excluded from the calculation			0	0
Net income	$ 4,093	$ 3,385	$ 12,104	$ 9,459
Weighted average number of shares	13,862	11,325	13,796	11,094
Effect of dilutive securities, restricted stock units and options	1,005	1,145	1,026	1,102
Weighted average diluted shares	14,867	12,470	14,822	12,196
Basic EPS	$ 0.30	$ 0.30	$ 0.88	$ 0.85
Diluted EPS	$ 0.28	$ 0.27	$ 0.82	$ 0.78

Accumulated Other Comprehensi_3

Accumulated Other Comprehensive Income (Loss) (Details) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2019USD ($)	Sep. 30, 2018USD ($)	Sep. 30, 2019USD ($)component	Sep. 30, 2018USD ($)
Changes in accumulated other comprehensive income
Balance, beginning of period	$ 351		$ (2,411)
Net unrealized gains (losses) during the period	350		3,112
Other comprehensive income (loss), net of tax	350	$ (540)	3,112	$ (2,336)
Balance, end of period	701		$ 701
Accumulated Other Comprehensive Income (Loss), net
Number of securities component | component			2
Changes in accumulated other comprehensive income
Other comprehensive income (loss), net of tax	350	(540)	$ 3,112	(2,336)
Available-for-Sale Securities
Changes in accumulated other comprehensive income
Balance, beginning of period	351	(3,489)	(2,411)	(1,693)
Net unrealized gains (losses) during the period	456	(540)	3,218	(2,336)
Other comprehensive income (loss), net of tax	456	(540)	3,218	(2,336)
Balance, end of period	807	$ (4,029)	807	$ (4,029)
Cash Flow Hedges
Changes in accumulated other comprehensive income
Balance, beginning of period	0		0
Net unrealized gains (losses) during the period	(106)		(106)
Other comprehensive income (loss), net of tax	(106)		(106)
Balance, end of period	$ (106)		$ (106)

Subordinated Notes (Details)

Subordinated Notes (Details) - Subordinated Notes - USD ($) $ in Millions	9 Months Ended	12 Months Ended
	Sep. 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)	4.87%

Revenue Recognition (Details)

Revenue Recognition (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Revenue Recognition
Total noninterest income	$ 680	$ 748	$ 1,956	$ 1,495
Revenue, Practical Expedient, Incremental Cost of Obtaining Contract			true
Before adoption of ASU 2014-09
Revenue Recognition
Noninterest Income (in-scope of Topic 606)	349	228	$ 983	666
Noninterest Income (out-scope of Topic 606)	331	520	973	829
Total noninterest income	680	748	1,956	1,495
Service Charges on Deposit Accounts | Before adoption of ASU 2014-09
Revenue Recognition
Noninterest Income (in-scope of Topic 606)	240	158	651	452
Fees, Exchange, and Other Service Charges | Before adoption of ASU 2014-09
Revenue Recognition
Noninterest Income (in-scope of Topic 606)	103	60	301	177
Other | Before adoption of ASU 2014-09
Revenue Recognition
Noninterest Income (in-scope of Topic 606)	$ 6	$ 10	$ 31	$ 37

Supplemental Cash Flow Inform_3

Supplemental Cash Flow Information (Details) - USD ($) $ in Thousands	3 Months Ended	9 Months Ended
	Sep. 30, 2019	Sep. 30, 2019	Sep. 30, 2018
Supplemental Disclosure of Cash Flow Information:
Cash paid for interest on deposits and borrowed funds		$ 13,616	$ 7,823
Cash paid for income taxes		1,516	4,892
Noncash investing and financing activities:
Unrealized gain (loss) on securities available-for-sale		4,164	$ (2,957)
Unsettled purchases of available-for-sale securities		8,163
Initial right of use asset - operating leases		12,249
Initial lease liability - operating leases		12,656
Right-of-use assets obtained in the exchange for lease liabilities during the current period	$ 2,078	$ 2,378

Leases (Details)

Leases (Details) - USD ($) $ in Thousands	Jan. 01, 2019	Sep. 30, 2019
Leases
Adoption of lease accounting standard		$ (86)
Operating lease right-of-use assets		13,597
Operating lease liabilities		$ 13,971
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) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Leases
Lease Liability	$ 13,971		$ 13,971
Right-of-Use-Asset	$ 13,597		$ 13,597
Weighted Average Remaining Lease Term	11 years 3 months 18 days		11 years 3 months 18 days
Weighted Average discount rate	3.31%		3.31%
Operating Lease Expense	$ 551	$ 315	$ 1,466	$ 941
Cash paid for amounts included in lease liabilities	398		1,241
Right-of-use assets obtained in the exchange for lease liabilities during the current period	$ 2,078		$ 2,378

Leases - Maturity schedule of u

Leases - Maturity schedule of undiscounted cash flows that contribute to the lease liability (Details) $ in Thousands	Sep. 30, 2019USD ($)
Schedule of undiscounted cash flows
Three months ending December 31, 2019	$ 437
Twelve months ending December 31, 2020	1,546
Twelve months ending December 31, 2021	1,559
Twelve months ending December 31, 2022	1,599
Twelve months ending December 31, 2023	1,596
Twelve months ending December 31, 2024	1,567
Thereafter	8,550
Total	16,854
Less: discount	(2,883)
Operating lease liabilities	$ 13,971