MainStreet Bancshares (MNSB) 10-Q 12 Aug 20 2020 Q2 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	6 Months Ended
	Jun. 30, 2020	Aug. 07, 2020
Cover [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Jun. 30, 2020
Document Fiscal Year Focus	2020
Document Fiscal Period Focus	Q2
Trading Symbol	MNSB
Entity Registrant Name	MainStreet Bancshares, Inc.
Entity Central Index Key	0001693577
Current Fiscal Year End Date	--12-31
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 Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Common Stock, Shares Outstanding		8,267,907
Entity File Number	001-38817
Entity Incorporation, State or Country Code	VA
Entity Tax Identification Number	81-2871064
Entity Address, Address Line One	10089 Fairfax Boulevard
Entity Address, City or Town	Fairfax
Entity Address, State or Province	VA
Entity Address, Postal Zip Code	22030
City Area Code	703
Local Phone Number	481-4567
Title of 12(b) Security	Common Stock
Security Exchange Name	NASDAQ
Document Quarterly Report	true
Document Transition Report	false

Consolidated Statements of Fina

Consolidated Statements of Financial Condition - USD ($) $ in Thousands	Jun. 30, 2020	Dec. 31, 2019
Assets
Cash and due from banks	$ 55,273	$ 53,376
Federal funds sold	21,081	11,468
Cash and cash equivalents	76,354	64,844
Investment securities available-for-sale, at fair value	91,823	92,791
Investment securities held-to-maturity	23,843	23,914
Restricted securities, at cost	5,041	6,157
Loans, net of allowance for loan losses of $13,731 and $9,584, respectively	1,259,012	1,030,425
Premises and equipment, net	14,416	14,153
Other real estate owned, net	1,175	1,207
Accrued interest and other receivables	7,458	5,420
Bank owned life insurance	24,959	24,562
Other assets	24,786	13,885
Total Assets	1,528,867	1,277,358
Liabilities
Non-interest bearing deposits	388,104	252,707
Interest bearing demand deposits	18,266	53,707
Savings and NOW deposits	65,876	63,015
Money market deposits	332,246	141,337
Time deposits	537,840	560,857
Total deposits	1,342,332	1,071,623
Federal Home Loan Bank advances	10,000	40,000
Subordinated debt, net	14,819	14,805
Other liabilities	21,546	13,896
Total Liabilities	1,388,697	1,140,324
Stockholders’ Equity
Preferred stock, $1.00 par value, 2,000,000 shares authorized; no shares issued and outstanding as of June 30, 2020 and December 31, 2019
Common stock, $4.00 par value, 10,000,000 shares authorized; issued and outstanding 8,263,941 shares (including 155,742 nonvested shares) for June 30, 2020 and 8,260,259 shares (including 160,961 nonvested shares) for December 31, 2019	32,433	32,397
Capital surplus	74,850	75,117
Retained earnings	31,933	29,097
Accumulated other comprehensive income	954	423
Total Stockholders’ Equity	140,170	137,034
Total Liabilities and Stockholders’ Equity	$ 1,528,867	$ 1,277,358

Consolidated Statements of Fi_2

Consolidated Statements of Financial Condition (Parenthetical) - USD ($) $ in Thousands	Jun. 30, 2020	Dec. 31, 2019
Statement Of Financial Position [Abstract]
Loans, net of allowance for loan losses	$ 13,731	$ 9,584
Preferred stock, par value	$ 1	$ 1
Preferred stock, authorized shares	2,000,000	2,000,000
Preferred stock, shares issued	0	0
Preferred stock, shares outstanding	0	0
Common stock, par value	$ 4	$ 4
Common stock, authorized shares	10,000,000	10,000,000
Common stock, shares issued	8,263,941	8,260,259
Common stock, shares outstanding	8,263,941	8,260,259
Common stock, non-vested shares	155,742	160,961

Consolidated Statements of Inco

Consolidated Statements of Income (Unaudited) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Interest Income
Interest and fees on loans	$ 14,399,000	$ 13,877,000	$ 28,619,000	$ 26,793,000
Interest on investments securities	496,000	615,000	997,000	1,171,000
Interest on federal funds sold	9,000	375,000	404,000	720,000
Total Interest Income	14,904,000	14,867,000	30,020,000	28,684,000
Interest Expense
Interest on interest bearing DDA deposits	36,000	283,000	153,000	528,000
Interest on savings and NOW deposits	50,000	74,000	114,000	147,000
Interest on money market deposits	474,000	587,000	1,252,000	1,350,000
Interest on time deposits	3,333,000	3,635,000	6,900,000	6,566,000
Interest on Federal Home Loan Bank advances and other borrowings	44,000	162,000	94,000	381,000
Interest on subordinated debt	241,000	241,000	482,000	479,000
Total Interest Expense	4,178,000	4,982,000	8,995,000	9,451,000
Net interest income	10,726,000	9,885,000	21,025,000	19,233,000
Provision for Loan Losses	5,575,000	750,000	5,925,000	1,075,000
Net interest income after provision for loan losses	5,151,000	9,135,000	15,100,000	18,158,000
Non-Interest Income
Deposit account service charges	433,000	446,000	920,000	816,000
Bank owned life insurance income	198,000	106,000	397,000	211,000
Loan swap fee income	423,000	181,000	826,000	471,000
Net gain on available-for-sale securities		5,000		5,000
Net gain on sale of loans		263,000		263,000
Other fee income	264,000	340,000	589,000	501,000
Total Non-Interest Income	1,318,000	1,341,000	2,732,000	2,267,000
Non-Interest Expense
Salaries and employee benefits	4,263,000	3,847,000	8,696,000	7,707,000
Furniture and equipment expenses	500,000	435,000	954,000	820,000
Advertising and marketing	191,000	191,000	447,000	296,000
Occupancy expenses	311,000	217,000	578,000	430,000
Outside services	205,000	161,000	481,000	388,000
Administrative expenses	177,000	176,000	341,000	343,000
Other operating expenses	1,713,000	1,150,000	3,005,000	2,201,000
Total Non-Interest Expense	7,360,000	6,177,000	14,502,000	12,185,000
Income (Loss) before income taxes	(891,000)	4,299,000	3,330,000	8,240,000
Income Tax Expense (Benefit)	(257,000)	868,000	494,000	1,562,000
Net Income (Loss)	$ (634,000)	$ 3,431,000	$ 2,836,000	$ 6,678,000
Net Income (Loss) per common share:
Basic	$ (0.08)	$ 0.42	$ 0.34	$ 0.81
Diluted	$ (0.08)	$ 0.42	$ 0.34	$ 0.81

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Income (Loss) (Unaudited) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Comprehensive Income (Loss), net of taxes
Net Income (Loss)	$ (634)	$ 3,431	$ 2,836	$ 6,678
Other comprehensive gain, net of tax:
Unrealized gains on available for sale securities arising during the period (net of tax, $32 and $96, respectively, for the three months ended June 30, and $137 and $151, respectively, for the six months ended June 30).	121	357	521	566
Less: reclassification adjustment for securities gains included in net income (net of tax, $0 and $1 for both the three and six months ended June 30).		4		4
Add: reclassification adjustment for amortization of unrealized losses on securities transferred from available for sale to held to maturity (net of tax, $1 and $1, respectively, for the three months ended June 30, and $3 and $4, respectively, for the six months ended June 30).	5	5	10	11
Other comprehensive income	126	366	531	581
Comprehensive Income (Loss)	$ (508)	$ 3,797	$ 3,367	$ 7,259

Consolidated Statements of Co_2

Consolidated Statements of Comprehensive Income (Loss) (Unaudited) (Parenthetical) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Statement Of Income And Comprehensive Income [Abstract]
Unrealized gains (losses) on arising during the period	$ 32	$ 96	$ 137	$ 151
Reclassification adjustment for amortization of unrealized losses on securities transferred	1	1	3	4
Reclassification adjustment for securities gains included in net income	$ 0	$ (1)	$ 0	$ (1)

Consolidated Statements of Stoc

Consolidated Statements of Stockholders' Equity (Unaudited) - USD ($) $ in Thousands	Total	Common Stock [Member]	Capital Surplus [Member]	Retained Earnings [Member]	Accumulated Other Comprehensive Income(Loss) [Member]
Beginning Balance at Dec. 31, 2018	$ 121,251	$ 32,176	$ 74,256	$ 15,186	$ (367)
Vesting of restricted stock		211	(211)
Stock based compensation expense	526		526
Net (loss) income	6,678			6,678
Change related to restricted stock awards			38	(38)
Other comprehensive income	581				581
Ending Balance at Jun. 30, 2019	129,036	32,387	74,609	21,826	214
Beginning Balance at Mar. 31, 2019	124,983	32,387	74,353	18,395	(152)
Stock based compensation expense	256		256
Net (loss) income	3,431			3,431
Other comprehensive income	366				366
Ending Balance at Jun. 30, 2019	129,036	32,387	74,609	21,826	214
Beginning Balance at Dec. 31, 2019	137,034	32,397	75,117	29,097	423
Vesting of restricted stock		261	(261)
Common stock issued	53	15	38
Stock based compensation expense	706		706
Common stock repurchased	(990)	(240)	(750)
Net (loss) income	2,836			2,836
Other comprehensive income	531				531
Ending Balance at Jun. 30, 2020	140,170	32,433	74,850	31,933	954
Beginning Balance at Mar. 31, 2020	140,295	32,418	74,482	32,567	828
Common stock issued	53	15	38
Stock based compensation expense	330		330
Net (loss) income	(634)			(634)
Other comprehensive income	126				126
Ending Balance at Jun. 30, 2020	$ 140,170	$ 32,433	$ 74,850	$ 31,933	$ 954

Consolidated Statements of Cash

Consolidated Statements of Cash Flows (Unaudited) - USD ($)	3 Months Ended		6 Months Ended		12 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019	Dec. 31, 2019
Cash Flows from Operating Activities
Net income			$ 2,836,000	$ 6,678,000
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation, amortization, and accretion, net			844,000	782,000
Deferred income tax benefit			(2,346,000)	(50,000)
Provision for loan losses			5,925,000	1,075,000
Writedown of other real estate owned			32,000
Stock based compensation expense			706,000	526,000
Income from bank owned life insurance	$ (198,000)	$ (106,000)	(397,000)	(211,000)
Subordinated debt amortization expense			14,000	15,000
Gain on disposal of premises and equipment			(34,000)	(59,000)
Gain on sale of available-for-sale securities		(5,000)		(5,000)	$ (5,000)
Amortization of operating lease right-of-use assets			192,000	55,000
Change in:
Accrued interest receivable and other receivables			(2,038,000)	(526,000)
Other assets			(8,874,000)	(6,906,000)
Other liabilities			7,650,000	5,357,000
Net cash provided by operating activities			4,510,000	6,731,000
Activity in available-for-sale securities:
Payments			4,247,000	1,249,000
Maturities			110,000,000	64,844,000
Purchases			(112,871,000)	(69,605,000)
Activity in held-to-maturity securities:
Refunded				1,150,000
Purchases of restricted investment in bank stock			(159,000)	(2,814,000)
Redemption of restricted investment in bank stock			1,275,000	3,401,000
Net increase in loan portfolio			(234,512,000)	(68,731,000)
Proceeds from sale of premises and equipment			51,000	69,000
Purchases of premises and equipment			(803,000)	(553,000)
Net cash used in investing activities			(232,772,000)	(70,990,000)
Cash Flows from Financing Activities
Net increase (decrease) in non-interest deposits			135,397,000	(10,344,000)
Net increase in interest bearing demand, savings, and time deposits			135,312,000	101,338,000
Net decrease in Federal Home Loan Bank advances and other borrowings			(30,000,000)	(20,000,000)
Issuance of common stock			53,000
Repurchases of common stock			(990,000)
Net cash provided by financing activities			239,772,000	70,994,000
Increase in Cash and Cash Equivalents			11,510,000	6,735,000
Cash and Cash Equivalents, beginning of period			64,844,000	58,076,000	58,076,000
Cash and Cash Equivalents, end of period	$ 76,354,000	$ 64,811,000	76,354,000	64,811,000	$ 64,844,000
Supplementary Disclosure of Cash Flow Information
Cash paid during the period for interest			9,213,000	9,128,000
Cash paid during the period for income taxes			$ 1,924,000	3,141,000
Right of use assets obtained in exchange for new operating lease liabilities				2,647,000
Transfers from loans to other real estate owned				$ 1,207,000

Organization, Basis of Presenta

Organization, Basis of Presentation and Impact of Recently Issued Accounting Pronouncements	6 Months Ended
	Jun. 30, 2020
Organization Consolidation And Presentation Of Financial Statements [Abstract]
Organization, Basis of Presentation and Impact of Recently Issued Accounting Pronouncements	Note 1. Organization, Basis of Presentation and Impact of Recently Issued Accounting Pronouncements Organization MainStreet Bancshares Inc. (the “Company”) is a bank holding company incorporated under the laws of the Commonwealth of Virginia whose principal activity is the ownership and management of MainStreet Bank. The Company is authorized to issue 10,000,000 shares of common stock with a par value of $4.00 per share. Additionally, the Company is authorized to issue 2,000,000 shares of preferred stock at a par value $1.00 per share. There is currently no preferred stock outstanding. The Company is regulated under the Bank Holding Company Act of 1956, as amended (“BHC Act”) and is subject to inspection, examination, and supervision by the Federal Reserve Board. On April 18, 2019, the Company completed the registration of its common stock with the Securities Exchange Commission through its filing of a General Form for Registration of Securities on Form 10 (“Form 10”), pursuant to Section 12(b) of the Securities Exchange Act of 1934. The Company is considered an “emerging growth company” under the Jumpstart Our Business Startups Act of 2012, or the “JOBS Act,” and as defined in Section 2(a) of the Securities Act of 1933, as amended, or the “Securities Act.” We are also a “smaller reporting company” as defined in Exchange Act Rule 12b-2. As such, we may elect to comply with certain reduced public company reporting requirements in future reports that we file with the Securities and Exchange Commission, or the “SEC.” We were approved to list shares of our common stock on the Nasdaq Capital Market under our current symbol “MNSB” as of April 22, 2019. MainStreet Bank (the “Bank”) is headquartered in Fairfax, Virginia where it also operates a branch. The Bank was incorporated on March 28, 2003 and received its charter from the Bureau of Financial Institutions of the Commonwealth of Virginia (the “Bureau”) on March 16, 2004. The Bank commenced regular operations on May 26, 2004 and is supervised by the Bureau and the Federal Reserve Bank of Richmond. The Bank is a member of the Federal Reserve System and the Federal Deposit Insurance Corporation. The Bank places special emphasis on serving the needs of individuals, and small and medium-sized business and professional concerns in the Washington, D.C. metropolitan area. Basis of Presentation The accompanying financial statements have been prepared in conformity with accounting principles generally accepted in the United States of America (“US GAAP”) for interim information and with the instructions to the Quarterly Report on Form 10-Q, as applicable to a smaller reporting company. Accordingly, they do not include all the information and footnotes required by US GAAP for complete financial statements. The financial statements are unaudited; but in the opinion of management include all adjustments (consisting only of normal recurring adjustments) necessary for a fair presentation thereof. The balances as of December 31, 2019 have been derived from the audited consolidated financial statements. These financial statements should be read in conjunction with the audited consolidated financial statements and accompanying notes thereto contained in the Form 10-K filed by the Company with the U.S. Securities and Exchange Commission on March 23, 2020. The results of operations for the three and six months ended June 30, 2020 are not necessarily indicative of the results that may be expected for the year ending December 31, 2020, or any other period. Principles of Consolidation – The unaudited interim consolidated financial statements include accounts of the Company and its wholly-owned subsidiary, the Bank. All significant intercompany transactions and balances have been eliminated in consolidation. Cash and cash equivalents – For the purpose of presentation in the Statements of Cash Flows, the Bank has defined cash and cash equivalents as those amounts included in the balance sheet captions “Cash and due from banks” and “Federal funds sold.” Investment securities – The Bank’s investment securities are classified as either held to maturity, available for sale or trading. At June 30, 2020 and December 31, 2019, the Bank held approximately $23.8 million and $23.9 million, respectively, in securities classified as held to maturity. The Bank held no securities classified as trading. Municipal securities that were originally purchased as available for sale were transferred to held to maturity during 2013. The unrealized loss on the securities transferred to held to maturity is being amortized over the expected life of the securities. At June 30, 2020 and December 31, 2019, the unamortized unrealized loss was $67,957 and $81,076, respectively, before tax, and remains in accumulated other comprehensive income, net of tax. Securities which are not classified as held to maturity or trading are classified as securities available for sale. Securities available for sale are reported at fair value. Any unrealized gain or loss, net of applicable income taxes, is reported as a separate addition to or reduction from stockholders’ equity. Gains and losses arising from the sale of securities available for sale are recognized based on the specific identification method on a trade-date basis and included in results of operations. Securities held to maturity include securities purchased with the ability and positive intent to hold to maturity. Debt securities are stated at historical cost adjusted for amortization of premiums and accretion of discount. Any investment security, for which there has been a value impairment deemed by management to be other than temporary, is written down to its estimated fair value with a charge to current operations. Purchase premiums and discounts are recognized in interest income using the interest method over the terms of the securities. Declines in the fair value of held to maturity and available for sale securities below their cost that are deemed to be other than temporary are reflected in earnings as realized losses. In determining whether other-than-temporary impairment exists, management considers many factors, including (1) the length of time and the extent to which the fair value has been less than cost, (2) the financial condition and near-term prospects of the issuer, and (3) whether the Bank intends to sell the security, whether it is more likely than not that the Bank will be required to sell the security before recovery of its amortized cost basis, and whether the Bank expects to recover the security’s entire amortized cost basis. Gains and losses on the sale of securities are recorded on the trade date and are determined using the specific identification method. Restricted equity securities consist of the Federal Reserve Bank and Federal Home Loan Bank of Atlanta (“FHLB”) stock in the amount of $3.3 million and $1.6 million respectively, as of June 30, 2020, compared to $3.3 million and $2.7 million, respectively, as of December 31, 2019. Restricted equity securities also consisted of $126,800 in Community Bankers Bank stock at June 30, 2020 and December 31, 2019. This restricted stock is recorded at cost because its ownership is restricted and it lacks a market for resale. The Bank is required to maintain Federal Reserve Bank stock at a level of 6% of capital and surplus. The FHLB requires the Bank to maintain stock, at a minimum, in an amount equal to 4.5% of outstanding borrowings and 0.20% of total assets. When evaluating restricted stock for impairment, its value is based on ultimate recoverability of the par value rather than by recognizing temporary declines in value. The Bank does not consider these investments to be impaired at June 30, 2020 or December 31, 2019 and no previous impairment has been recognized. Loans - The Bank makes commercial and consumer loans to customers. Our recorded investment in loans that management has the intent and ability to hold for the foreseeable future, or until maturity or pay-off, generally are reported at their unpaid principal balances adjusted for charge-offs, unearned discounts, any deferred fees or costs on originated loans, and the allowance for loan losses. Interest on loans is credited to operations based on the principal amount outstanding. Loan fees and origination costs are deferred and the net amount is amortized as an adjustment of the related loan’s yield using the effective interest method. The Bank is amortizing these amounts over the contractual life of the related loans. A loan’s past due status is based on the contractual due date of the most delinquent payment due. All loans which are 30 or more days past due at the end of the month are reported to the Board of Directors. Commercial loans are generally placed on nonaccrual status when the collection of principal or interest is 90 days or more past due, or earlier, if collection is uncertain based on an evaluation of the net realizable value of the collateral and the financial strength of the borrower. Consumer loans are generally placed on nonaccrual status when the collection of principal or interest is 120 days or more past due, or earlier, if collection is uncertain based on an evaluation of the net realizable value of the collateral and the financial strength of the borrower. Loans greater than 90 days past due may remain on accrual status if management determines it has adequate collateral to cover the principal and interest. For those loans that are carried on nonaccrual status, payments are first applied to principal outstanding. A loan may be returned to accrual status if the borrower has demonstrated a sustained period of repayment performance in accordance with the contractual terms of the loan and there is reasonable assurance the borrower will continue to make payments as agreed. It is Bank policy to charge-off loans whose collectability is sufficiently questionable and can no longer be justified as an asset on the balance sheet. To determine if a loan should be charged-off, all possible sources of repayment are analysed, including: (1) the potential for future cash flow, (2) the value of the Bank’s collateral, and (3) the strength of co-makers or guarantors. All principal and previously accrued interest is charged to the allowance for loan losses. All future payments received on the loan are credited to the allowance for loan losses as a recovery. These policies are applied consistently across our loan portfolio. Impairment of a loan - The Bank considers a loan impaired when it is probable that the Bank will be unable to collect all interest and principal payments as scheduled in the loan agreement. A loan is not considered impaired during a period of an insignificant delay in payment if the ultimate collectability of all amounts due is expected. Impairment is measured on a loan by loan basis for all commercial, construction and residential loans by either the present value of expected future cash flows discounted at the loan’s effective interest rate, the loan’s obtainable market price or the fair value of the collateral if the loan is collateral dependent. Consistent with the Bank’s method for nonaccrual loans, payments on impaired loans are first applied to principal outstanding. Smaller balance consumer loans are not individually evaluated for impairment. Troubled Debt Restructuring (TDR) occurs when the Bank agrees to modify the original terms of a loan due to the deterioration in the financial condition of the borrower. TDRs are considered impaired loans. Upon designation as a TDR, the Bank evaluates the borrower’s payment history, past due status and ability to make payments based on the revised terms of the loan. If a loan was accruing prior to being modified as a TDR and if the Bank concludes that the borrower is able to continue making such payments, and there are no other factors or circumstances that would cause it to conclude otherwise, the loan will remain on an accruing status. If a loan was on nonaccrual status at the time of the TDR, the loan will remain on nonaccrual status following the modification and may be returned to accrual status based on the policy for returning loans to accrual status as noted above. Restructured loans for which there was no rate concession, and therefore made at a market rate of interest, may be eligible to be removed from TDR status in periods subsequent to the restructuring depending on the performance of the loan. During the quarter ended June 30, 2020, the Bank’s only TDR met the requirements to be removed from TDR status and had this designation removed. As of June 30, 2020, and December 31, 2019, the Bank had $0 and $1.5 million of loans classified as TDR, respectively. At December 31, 2019, TDR loans consisted of one loan. For additional discussion see “Note 3. Loans Receivable” and “Management’s Discussion and Analysis of Financial Condition and Results of Operations.” Allowance for Loan Losses - The allowance for loan losses is established through charges to earnings in the form of a provision for loan losses. Loan losses are charged against the allowance for loan losses for the difference between the carrying value of the loan and the estimated net realizable value or fair value of the collateral, if collateral dependent, when: • Management believes that the collectability of the principal is unlikely regardless of delinquency status. • The loan is a consumer loan and is 120 days past due. • The loan is a non-consumer loan, and is 90 days past due, unless the loan is well secured and recovery is probable. • The borrower is in bankruptcy, unless the debt has been reaffirmed, is well secured and recovery is probable. Subsequent recoveries, if any, are credited to the allowance. The allowance represents an amount that, in management’s judgment, will be adequate to absorb probable losses inherent in the loan portfolio. Management’s judgment in determining the level of the allowance is based on evaluations of the collectability of loans while taking into consideration such factors as trends in delinquencies and charge-offs, changes in the nature and volume of the loan portfolio, current economic conditions that may affect a borrower’s ability to repay and the value of collateral, overall portfolio quality and review of specific potential losses. This evaluation is inherently subjective, as it requires estimates that are susceptible to significant revision as more information becomes available. The evaluation also considers the following risk characteristics of each loan portfolio segment: • Real estate residential mortgage loans, including equity lines of credit, carry risks associated with the continued credit-worthiness of the borrower and the changes in the value of the collateral. • Real estate construction loans and land improvement carry risks that the project will not be finished according to schedule, the project will not be finished according to budget and the value of the collateral may, at any point in time, be less than the principal amount of the loan. Construction loans also bear the risk that the general contractor, who may or may not be a loan customer, may be unable to finish the construction project as planned because of financial pressure unrelated to the project. • Commercial real estate loans carry risks of the client’s ability to repay the loan from the cash flow derived from the underlying real estate. Risks inherent in managing a commercial real estate portfolio relate to sudden or gradual drops in property values as well as changes in the economic climate. Real estate security diminishes risks only to the extent that a market exists for the subject collateral. These risks are attempted to be mitigated by carefully underwriting loans of this type and by following appropriate loan-to-value standards. • Commercial and industrial loans carry risks associated with the successful operation of a business or a real estate project, in addition to other risks associated with the ownership of real estate, because the repayment of these loans may be dependent upon the profitability and cash flows of the business or project. In addition, there is risk associated with the value of collateral other than real estate which may depreciate over time and cannot be appraised with as much precision. • Consumer secured loans (indirect lending) carry risks associated with the continued credit-worthiness of the borrower and the value of the collateral (e.g., rapidly-depreciating assets such as automobiles). These risks are attempted to be mitigated by following appropriate loan-to-value standards and an experienced management team for this type of portfolio. • Consumer unsecured loans (credit cards) carry risks associated with the continued credit-worthiness of the borrower. Consumer unsecured loans are more likely to be immediately adversely affected by job loss, divorce, illness or personal bankruptcy. The allowance consists of specific and general components. The specific component relates to loans that are classified as impaired and is established when the discounted cash flows (or collateral value or observable market price) of the impaired loan is lower than the carrying value of that loan. For collateral dependent loans, an updated appraisal will be ordered if a current one is not on file. Appraisals are performed by independent third-party appraisers with the relevant industry experience. Adjustments to the appraised value may be made based on recent sales of like properties or general market conditions when appropriate. The general component covers non-classified or performing loans and those loans classified as substandard or special mention that are not impaired. The general component is based on historical loss experience adjusted for qualitative factors, such as current economic conditions, including current home sales and foreclosures, unemployment rates and retail sales. Non-impaired classified loans are assigned a higher allowance factor based on an internal migration analysis, which increases with the severity of classification, than non-classified loans. The characteristics of the loan ratings are as follows: • Pass rated loans are to persons or business entities with an acceptable financial condition, appropriate collateral margins, appropriate cash flow to service the existing loan, and an appropriate leverage ratio. The borrower has paid all obligations as agreed and it is expected that this type of payment history will continue. When necessary, acceptable personal guarantors support the loan. • Watch rated loans have all the characteristics of pass rated loans but show signs of emerging financial weaknesses which the Bank will continue monitoring more closely. Watch rated loans are still performing as agreed. • Special mention loans have a specific defined weakness in the borrower’s operations and the borrower’s ability to generate positive cash flow on a sustained basis. The borrower’s recent payment history is characterized by late payments. The Bank’s risk exposure is mitigated by collateral supporting the loan. The collateral is considered to be well-margined, well maintained, accessible and readily marketable. • Substandard loans are considered to have specific and well-defined weaknesses that jeopardize the viability of the Bank’s credit extension. The payment history for the loan has been inconsistent and the expected or projected primary repayment source may be inadequate to service the loan. The estimated net liquidation value of the collateral pledged and/or ability of the personal guarantor(s) to pay the loan may not adequately protect the Bank. There is a distinct possibility that the Bank will sustain some loss if the deficiencies associated with the loan are not corrected in the near term. A substandard loan would not automatically meet our definition of impaired unless the loan is significantly past due and the borrower’s performance and financial condition provide evidence that it is probable that the Bank will be unable to collect all amounts when due. • Doubtful rated loans have all the weaknesses inherent in a loan that is classified substandard but with the added characteristics that the weaknesses make collection or liquidation in full, on the basis of currently existing facts, conditions and values, highly questionable and improbable. The possibility of loss is extremely high. • Loss rated loans are not considered collectible under normal circumstances and there is no realistic expectation for any future payment on the loan. Loss rated loans are fully charged off. Other Real Estate Owned (“OREO”) - Assets acquired through, or in lieu of, loan foreclosure are held for sale and are initially recorded at fair value less costs to sell at the date of foreclosure, establishing a new cost basis. Subsequent to foreclosure, management periodically performs valuations of the foreclosed assets based on updated appraisals, general market conditions, and recent sales of like properties, length of time the properties have been held and our ability and intention with regard to continued ownership of the properties. The Bank may incur additional write-downs of foreclosed assets to fair value less costs to sell if valuations indicate a further deterioration in market values. Revenue and expenses from operations and changes in the valuation allowance are included in net expenses from foreclosed assets and improvements are capitalized. Interest income on loans – Interest on loans is accrued and credited to income on daily balances of the principal amount outstanding. The accrual of interest on loans is discontinued when, in the opinion of management, there is an indication that the borrower may be unable to meet payments as they become due. Upon such discontinuance, all unpaid accrued interest is reversed. Generally, the Bank will return a loan to accrual status when all delinquent interest and principal becomes current and remains current for six consecutive months under the terms of the loan agreement or the loan is well-secured or in process of collection. Upon returning to accrual status, interest payments applied to the principal balance of a loan while in nonaccrual status are recognized as a yield adjustment over the remaining life. Loan origination and commitment fees and certain related direct costs - Loan origination and commitment fees charged by the Bank and certain direct loan origination costs are deferred and the net amount is amortized as a yield adjustment. The Bank amortizes these net amounts over the life of the related loans or, in the case of demand loans, over the estimated life. Net fees related to standby letters of credit are recognized over the commitment period. Premises and equipment – Land is carried at cost. Premises and equipment are stated at cost, less accumulated depreciation and amortization computed principally on the straight-line basis over the estimated useful life of each asset, which ranges from 3 to 39 years. Leasehold improvements are amortized over the shorter of the related lease term or the estimated useful lives of the improvements. Construction in progress includes assets which will be reclassified and depreciated once placed into service. Income taxes – The Bank uses an asset and liability approach in financial accounting and reporting for income taxes. Deferred income tax assets and liabilities are computed for differences between the financial statement and tax bases of assets and liabilities that will result in taxable or deductible amounts in the future. The principal items relate primarily to differences between the allowance for loan losses, deferred loan fees, and accumulated depreciation and amortization. Valuation allowances are established when necessary to reduce deferred tax assets to the amount expected to be realized. Income tax expense (benefit) is the tax payable or refundable for the period plus or minus the change during the period in deferred tax assets and liabilities. When tax returns are filed, it is highly certain that some positions taken would be sustained upon examination by the taxing authorities, while others are subject to uncertainty about the merits of the position taken or the amount of the position that would be ultimately sustained. The benefit of a tax position is recognized in the financial statements in the period during which, based on all available evidence, management believes it is more likely than not that the position will be sustained upon examination, including the resolution of appeals or litigation processes, if any. Tax positions taken are not offset or aggregated with other positions. Tax positions that meet the more-likely-than-not recognition threshold are measured as the largest amount of tax benefit that is more than 50% likely of being realized upon settlement with the applicable taxing authority. The portion of the benefits associated with tax positions taken that exceeds the amount measured as described above is reflected as a liability for unrecognized tax benefits in the accompanying balance sheet along with any associated interest and penalties that would be payable to the taxing authorities upon examination. As of June 30, 2020, and December 31, 2019, there were no such liabilities recorded. Interest and penalties associated with unrecognized tax benefits, if any, would be classified as additional income taxes in the statement of operations. Comprehensive income – Accounting principles generally require that recognized revenue, expenses, gains and losses be included in net income. Although, certain changes in assets and liabilities, such as unrealized gains and losses on available for sale securities, are reported as a separate component of the equity section of the balance sheet, such items, along with net income, are components of comprehensive income. Stock compensation plans – Stock compensation accounting guidance (FASB ASC 718, “Compensation – Stock Compensation”) requires that the compensation cost relating to share-based payment transactions be recognized in financial statements. That cost will be measured based on the grant date fair value of the equity or liability instruments issued. The stock compensation accounting guidance requires that compensation cost for all stock awards be calculated and recognized over the employees’ service period, generally defined as the vesting period. For awards with graded-vesting, compensation cost is recognized on a straight-line basis over the requisite service period for the entire award. A Black-Scholes model is used to estimate the fair value of stock options, while the market price of the Bank’s common stock at the date of grant is used for restricted stock awards. No stock options were granted during 2020 and 2019. Earnings per share – Net income per common share has been determined under the provisions of FASB ASC 260, “Earnings Per Share” and has been computed based on the weighted average common shares outstanding during the quarter and six months ended June 30, (8,263,370 and 8,275,344, respectively, for 2020 and 8,250,210 and 8,246,562, respectively, for 2019). Diluted earnings per share reflect additional potential common shares that The only potential dilutive stock of the Bank as defined in FASB ASC 260 would be stock options granted to various directors, officers, and employees of the Bank. There were no such options outstanding at June 30, 2020 or December 31, 2019. Restricted stock is included in the computation of basic earnings per share as the holder is entitled to full benefits of a stockholder during the vesting period. Off-balance sheet instruments – In the ordinary course of business, the Bank has entered into off-balance sheet financial instruments consisting of commitments to extend credit, commercial letters of credit, and standby letters of credit. Such financial instruments are recorded in the financial statements when they are funded, or related fees are incurred or received. Advertising and marketing expense – Advertising and marketing costs are expensed as incurred. Use of estimates – The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America, requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities at the date of the financial statements and the reported amounts of income and expenses during the reporting period. Actual results could differ from the estimates. The Company’s critical accounting policies relate to (1) the allowance for loan losses, (2) fair value of financial instruments, (3) derivative financial instruments, (4) income taxes, and (5) other real estate owned. These critical accounting policies require the use of estimates, assumptions and judgments which are based on information available as of the date of the financial statements. Accordingly, as this information changes, future financial statements could reflect the use of different estimates, assumptions and judgments. Certain determinations inherently have a greater reliance on the use of estimates, assumptions and judgments and, as such, have a greater possibility of producing results that could be materially different than originally reported. In connection with the determination of the allowances for losses on loans and valuation of other real estate owned management obtains independent appraisals for significant properties. Fair value of financial instruments – Fair values of financial instruments are estimated using relevant market information and other assumptions, as more fully disclosed in Note 5. Fair value estimates involve uncertainties and matters of significant judgment. Changes in assumptions or in market conditions could significantly affect the estimates. Derivative Financial Instruments – The Bank recognizes derivative financial instruments at fair value as either an other asset or other liability in the consolidated balance sheet. The Bank’s derivative financial instruments include interest rate swaps with certain qualifying commercial loan customers and dealer counterparties. Because the interest rate swaps with loan customers and dealer counterparties are not designated as hedging instruments, adjustments to reflect unrealized gains and losses resulting from changes in fair value of these instruments are reported as noninterest income or noninterest expense, as applicable. The Bank’s interest rate swaps with loan customers and dealer counterparties are described more fully in Note 4. Transfers of financial assets – Transfers of financial assets are accounted for as sales, when control over the assets has been surrendered. Control over transferred assets is deemed to be surrendered when (1) the assets have been isolated from the Bank – put presumptively beyond reach of the transferor and its creditors, even in bankruptcy or other receivership, (2) the transferee obtains the right (free of conditions that constrain it from taking advantage of that right) to pledge or exchange the transferred assets, and (3) the Bank does not maintain effective control over the transferred assets through an agreement to repurchase them before their maturity or the ability to unilaterally cause the holder to return specific assets. Revenue Recognition During 2018, the Company adopted Accounting Standards Update (ASU) 2014-09, “ Revenue from Contracts with Customers (Topic 606) Most revenue associated with the Company’s financial instruments, including interest income and gains/losses on investment securities, derivatives and sales of financial instruments are outside the scope of ASU 2014-09. The Company’s services that fall within the scope of ASU 2014-09 are presented within noninterest income and are recognized as revenue. A description of the primary revenue streams accounted for under ASU 2014-09 follows: Service Charges on Deposit Accounts. The Company earns fees from its deposit customers for overdraft and account maintenance services. Overdraft fees are recognized when the overdraft occurs. Account maintenance fees, which relate primarily to monthly maintenance, are earned over the course of a month, representing the period over which the company satisfies the performance obligation. Other Service Charges and Fees. The Company earns fees from its customers for transaction-based services. Such services include safe deposit box, ATM, stop payment, wire transfer, Small Business Administration (“SBA”) loan originations and mortgage originations. In each case, these service charges and fees are recognized in income at the time or within the same period that the Company’s performance obligatio

Investment Securities

Investment Securities	6 Months Ended
	Jun. 30, 2020
Available For Sale Securities [Abstract]
Investment Securities	Note 2. Investment Securities Investment securities available-for-sale was comprised of the following: June 30, 2020 (Dollars in thousands) Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Fair Value U.S. Treasury Securities $ 50,000 $ — $ — $ 50,000 Collateralized Mortgage Backed 14,260 368 (2 ) 14,626 Subordinated Debt 2,500 23 (6 ) 2,517 Municipal Securities 16,749 1,075 (15 ) 17,809 U.S. Governmental Agencies 7,046 — (175 ) 6,871 Total $ 90,555 $ 1,466 $ (198 ) $ 91,823 Investment securities held-to-maturity was comprised of the following: June 30, 2020 (Dollars in thousands) Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Fair Value Municipal Securities $ 22,343 $ 1,007 $ — $ 23,350 Subordinated Debt 1,500 — — 1,500 Total $ 23,843 $ 1,007 $ — $ 24,850 Investment securities available-for-sale was comprised of the following: December 31, 2019 (Dollars in thousands) Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Fair Value U.S. Treasury Securities $ 49,999 $ — $ (1 ) $ 49,998 Collateralized Mortgage Backed 17,659 82 (68 ) 17,673 Subordinated Debt 2,500 55 (1 ) 2,554 Municipal Securities 13,888 743 — 14,631 U.S. Governmental Agencies 8,135 — (200 ) 7,935 Total $ 92,181 $ 880 $ (270 ) $ 92,791 Investment securities held-to-maturity was comprised of the following: December 31, 2019 (Dollars in thousands) Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Fair Value Municipal Securities $ 22,414 $ 766 $ (2 ) $ 23,178 Subordinated Debt 1,500 — — 1,500 Total $ 23,914 $ 766 $ (2 ) $ 24,678 The scheduled maturities of securities available-for-sale and held-to-maturity at June 30, 2020 were as follows: June 30, 2020 Available-for-Sale Held-to-Maturity (Dollars in thousands) Amortized Cost Fair Value Amortized Cost Fair Value Due in one year or less $ 50,002 $ 50,002 $ — $ — Due from one to five years — — 1,512 1,561 Due from after five to ten years 3,512 3,558 9,923 10,341 Due after ten years 37,041 38,263 12,408 12,948 Total $ 90,555 $ 91,823 $ 23,843 $ 24,850 Securities with a fair value of $269,918 and $267,899 at June 30, 2020 and December 31, 2019, respectively, were pledged to secure FHLB advances. There were no securities sold from the available-for-sale portfolio for the six months ended June 30, 2020 and seven securities sold from the same portfolio for the six months ended June 30, 2019. Of the seven securities sold during 2019; four were sold at a loss of $18,000 and there were three sold at a gain of $23,000 for a net gain of $5,000. The following tables summarize the unrealized loss positions of securities available-for-sale and held-to-maturity as of June 30, 2020 and December 31, 2019: June 30, 2020 Less than 12 Months 12 Months or Longer Total (Dollars in thousands) Fair Value Unrealized Loss Fair Value Unrealized Loss Fair Value Unrealized Loss Available-for-sale: Collateralized Mortgage Backed $ 51 $ (2 ) $ — $ — $ 51 $ (2 ) Subordinated Debt 1,994 (6 ) — — 1,994 (6 ) Municipal securities 725 (15 ) — — 725 (15 ) U.S Governmental Agencies — — 6,852 (175 ) 6,852 (175 ) Total $ 2,770 $ (23 ) $ 6,852 $ (175 ) $ 9,622 $ (198 ) December 31, 2019 Less than 12 Months 12 Months or Longer Total (Dollars in thousands) Fair Value Unrealized Loss Fair Value Unrealized Loss Fair Value Unrealized Loss Available-for-sale: U.S. Treasury Securities $ 49,998 $ (1 ) $ — $ — $ 49,998 $ (1 ) Collateralized Mortgage Backed 6,223 (67 ) 834 (1 ) 7,057 (68 ) Subordinated Debt 499 (1 ) — — 499 (1 ) U.S Government Agencies — — 7,857 (200 ) 7,857 (200 ) Total $ 56,720 $ (69 ) $ 8,691 $ (201 ) $ 65,411 $ (270 ) Held-to-maturity: Municipal Securities $ 537 $ (2 ) $ — $ — $ 537 $ (2 ) Total $ 537 $ (2 ) $ — $ — $ 537 $ (2 ) The factors considered in evaluating securities for impairment include whether the Bank intends to sell the security, whether it is more likely than not that the Bank will be required to sell the security before recovery of its amortized cost basis, and whether the Bank expects to recover the security’s entire amortized cost basis. These unrealized losses are primarily attributable to current financial market conditions for these types of investments, particularly changes in interest rates, causing bond prices to decline, and are not attributable to credit deterioration. At June 30, 2020, there was one collateralized mortgage backed security with a fair value totaling $51,000 in an unrealized loss position of less than 12 months. At June 30, 2020 two subordinated debt securities with fair values totaling approximately $2.0 million were in an unrealized loss position of less than 12 months. At June 30, 2020 one municipal security with a fair value totaling approximately $725,000 was in an unrealized loss position of less than 12 months. At June 30, 2020 nine U.S. government agencies with fair values totaling approximately $6.9 million were in an unrealized loss position of more than 12 months. At June 30, 2020, there were no held-to-maturity securities in an unrealized loss position. The Bank does not consider any of the securities in the available for sale or held to maturity portfolio to be other-than-temporarily impaired at June 30, 2020 and December 31, 2019. All municipal securities originally purchased as available for sale were transferred to held to maturity during 2013. The unrealized loss on the securities transferred to held to maturity is being amortized over the expected life of the securities. The unamortized, unrealized loss, before tax, at June 30, 2020 and December 31, 2019 was $67,957 and $81,076, respectively.

Loans Receivable

Loans Receivable	6 Months Ended
	Jun. 30, 2020
Receivables [Abstract]
Loans Receivable	Note 3. Loans Receivable Loans receivable were comprised of the following: (Dollars in thousands) June 30, 2020 December 31, 2019 Residential Real Estate: Single family $ 138,388 $ 143,535 Multifamily 32,151 6,512 Farmland 872 801 Commercial Real Estate: Owner-occupied 136,222 134,116 Non-owner occupied 361,057 287,754 Construction and Land Development 283,971 272,620 Commercial – Non Real-Estate: Commercial & Industrial 268,290 121,225 Consumer – Non Real-Estate: Unsecured 274 599 Secured 59,277 74,984 Total Gross Loans 1,280,502 1,042,146 Less: unearned fees (7,753 ) (2,118 ) Less: unamortized discount on consumer secured loans (6 ) (19 ) Less: allowance for loan losses (13,731 ) (9,584 ) Net Loans $ 1,259,012 $ 1,030,425 The unsecured consumer loans above include $274,000 and $599,000 of overdrafts reclassified as loans for the quarters ended June 30, 2020 and December 31, 2019, respectively. The commercial and industrial loans above include $171.6 million and $0 in Paycheck Protection Program loans for the quarters ended June 30, 2020 and December 31, 2019, respectively. The Bank held no loans for sale at June 30, 2020 and December 31, 2019. The following tables summarize the activity in the allowance for loan losses by loan class for the three and six months ended June 30, 2020 and 2019. Allowance for Credit Losses By Portfolio Segment Real Estate For the three months ended June 30, 2020 Residential Commercial Construction Consumer Commercial Total (Dollars in thousands) Beginning Balance $ 1,001 $ 4,530 $ 2,288 $ 525 $ 1,554 $ 9,898 Charge-offs — — — — (1,746 ) (1,746 ) Recoveries — — — — 4 4 Provision 83 2,493 585 805 1,609 5,575 Ending Balance $ 1,084 $ 7,023 $ 2,873 $ 1,330 $ 1,421 $ 13,731 Ending Balance: Individually evaluated for Impairment $ — $ — $ — $ — $ 1 $ 1 Collectively evaluated for Impairment $ 1,084 $ 7,023 $ 2,873 $ 1,330 $ 1,420 $ 13,730 For the six months ended June 30, 2020 Beginning Balance $ 1,030 $ 4,254 $ 2,180 $ 568 $ 1,552 $ 9,584 Charge-offs — (1 ) — — (1,793 ) (1,794 ) Recoveries — — — 3 13 16 Provision 54 2,770 693 759 1,649 5,925 Ending Balance $ 1,084 $ 7,023 $ 2,873 $ 1,330 $ 1,421 $ 13,731 Ending Balance: Individually evaluated for Impairment $ — $ — $ — $ — $ 1 $ 1 Collectively evaluated for Impairment $ 1,084 $ 7,023 $ 2,873 $ 1,330 $ 1,420 $ 13,730 Real Estate For the three months ended June 30, 2019 Residential Commercial Construction Consumer Commercial Total (Dollars in thousands) Beginning Balance $ 1,101 $ 4,438 $ 1,535 $ 861 $ 1,254 $ 9,189 Charge-offs — (733 ) — (22 ) — (755 ) Recoveries — — — 1 — 1 Provision 119 321 154 67 89 750 Ending Balance $ 1,220 $ 4,026 $ 1,689 $ 907 $ 1,343 $ 9,185 Ending Balance: Individually evaluated for Impairment $ — $ — $ — $ — $ — $ — Collectively evaluated for Impairment $ 1,220 $ 4,026 $ 1,689 $ 907 $ 1,343 $ 9,185 For the six months ended June 30, 2019 Beginning Balance $ 1,019 $ 4,299 $ 1,469 $ 826 $ 1,218 $ 8,831 Charge-offs — (733 ) — (22 ) — (755 ) Recoveries 30 — — 4 — 34 Provision 171 460 220 99 125 1,075 Ending Balance $ 1,220 $ 4,026 $ 1,689 $ 907 $ 1,343 $ 9,185 Ending Balance: Individually evaluated for Impairment $ — $ — $ — $ — $ — $ — Collectively evaluated for Impairment $ 1,220 $ 4,026 $ 1,689 $ 907 $ 1,343 $ 9,185 The Company maintains a general allowance for loan losses based on evaluating known and inherent risks in the loan portfolio, including management’s continuing analysis of the factors underlying the quality of the loan portfolio. These factors include changes in the size and composition of the loan portfolio, actual loan loss experience, and current and anticipated economic conditions. The reserve is an estimate based upon factors and trends identified by management at the time the financial statements are prepared. The following tables summarize information in regards to the recorded investment in loans receivable by loan class as of June 30, 2020 and December 31, 2019: June 30, 2020 Loans Receivable (Dollars in thousands) Ending Balance Ending Balance: Individually Evaluated for Impairment Ending Balance: Collectively Evaluated for Impairment Residential Real Estate $ 171,411 $ 305 $ 171,106 Commercial Real Estate 497,279 1,097 496,182 Construction and Land Development 283,971 — 283,971 Commercial & Industrial 268,290 524 267,766 Consumer 59,551 123 59,428 Total $ 1,280,502 $ 2,049 $ 1,278,453 December 31, 2019 Loans Receivable (Dollars in thousands) Ending Balance Ending Balance: Individually Evaluated for Impairment Ending Balance: Collectively Evaluated for Impairment Residential Real Estate $ 150,848 $ 1,482 $ 149,366 Commercial Real Estate 421,870 — 421,870 Construction and Land Development 272,620 — 272,620 Commercial & Industrial 121,225 — 121,225 Consumer 75,583 — 75,583 Total $ 1,042,146 $ 1,482 $ 1,040,664 The following table summarizes information in regard to impaired loans by loan portfolio class as of June 30, 2020 and December 31, 2019: June 30, 2020 December 31, 2019 (Dollars in thousands) Recorded Investment Unpaid Principal Balance Related Allowance Recorded Investment Unpaid Principal Balance Related Allowance With no related allowance recorded Residential Real Estate: Single family $ 305 $ 305 $ — $ 1,482 $ 1,482 $ — Commercial Real Estate Non-owner Occupied 1,097 1,097 — — — — Commercial & Industrial 461 461 — — — — Consumer Secured 123 123 — — — — 1,986 1,986 — 1,482 1,482 — With an allowance recorded Commercial & Industrial $ 63 $ 63 $ 1 $ — $ — $ — Total $ 2,049 $ 2,049 $ 1 $ 1,482 $ 1,482 $ — The following table presents additional information regarding the impaired loans for the three and six months ended June 30, 2020 and 2019: Three Months Ended June 30, 2020 2019 (Dollars in thousands) Average Record Investment Interest Income Recognized Average Record Investment Interest Income Recognized With no related allowance recorded Residential Real Estate: Single family $ 306 $ 3 $ 1,498 $ 15 Commercial Real Estate Non-owner Occupied 1,098 — — — Commercial & Industrial 460 9 — — Consumer Secured 134 4 — — Total 1,998 16 1,498 15 With an allowance recorded Commercial & Industrial $ 64 $ 1 $ — $ — Total $ 2,062 $ 17 $ 1,498 $ 15 Six Months Ended June 30, 2020 2019 (Dollars in thousands) Average Record Investment Interest Income Recognized Average Record Investment Interest Income Recognized With no related allowance recorded Residential Real Estate: Single family $ 307 $ 6 $ 1,502 $ 30 Commercial Real Estate Non-owner Occupied 1,099 17 — — Commercial & Industrial 460 9 — — Consumer Secured 137 4 — — Total 2,003 36 1,502 30 With an allowance recorded Commercial & Industrial $ 66 $ 1 $ — $ — Total $ 2,069 $ 37 $ 1,502 $ 30 If interest on nonaccrual loans had been accrued, such income would have been $41,290 and $0 for the six months ended June 30, 2020 and 2019. The following table presents nonaccrual loans by classes of the loan portfolio as of June 30, 2020 and December 31, 2019: (Dollars in thousands) June 30, 2020 December 31, 2019 Residential Real Estate Single family $ 150 $ — Commercial Real Estate Non-owner occupied 1,097 — Consumer Secured 58 — Total $ 1,305 $ — Credit quality risk ratings include regulatory classifications of Pass, Watch, Special Mention, Substandard, Doubtful and Loss. Loans classified as Pass have quality metrics to support that the loan will be repaid according to the terms established. Loans classified as Watch have similar characteristics as Pass loans with some emerging signs of financial weaknesses that should be monitored closer. Loans classified as Special Mention have potential weaknesses that deserve management’s close attention. If uncorrected, the potential weaknesses may result in deterioration of prospects for repayment. Loans classified substandard have a well-defined weakness or weaknesses that jeopardize the liquidation of the debt. They include loans that are inadequately protected by the current net worth and paying capacity of the obligor or of the collateral pledged, if any. Loans classified doubtful have all the weaknesses inherent in loans classified substandard with the added characteristic that collection or liquidation in full, on the basis of current conditions and facts, is highly improbable. Loans classified as a loss are considered uncollectible and are charged to the allowance for loan losses. Loans not classified are rated pass. The following tables summarize the aggregate Pass and criticized categories of Watch, Special Mention, and Substandard within the Company’s internal risk rating system as of June 30, 2020 and December 31, 2019: June 30, 2020 (Dollars in thousands) Pass Watch Special Mention Substandard Total Residential Real Estate: Single Family $ 137,872 $ — $ — $ 516 $ 138,388 Multifamily 32,151 — — — 32,151 Farmland 872 — — — 872 Commercial Real Estate: Owner occupied 136,222 — — — 136,222 Non-owner occupied 359,960 — — 1,097 361,057 Construction & Land Development 283,971 — — — 283,971 Commercial – Non Real Estate: Commercial & Industrial 261,979 2,691 2,750 870 268,290 Consumer – Non Real Estate: Unsecured 274 — — — 274 Secured 59,096 — — 181 59,277 Total $ 1,272,397 $ 2,691 $ 2,750 $ 2,664 $ 1,280,502 December 31, 2019 (Dollars in thousands) Pass Watch Special Mention Substandard Total Residential Real Estate: Single Family $ 143,019 $ — $ — $ 516 $ 143,535 Multifamily 6,512 — — — 6,512 Farmland 801 — — — 801 Commercial Real Estate: Owner occupied 133,966 — — 150 134,116 Non-owner occupied 287,754 — — — 287,754 Construction & Land Development 272,620 — — — 272,620 Commercial – Non Real Estate: Commercial & Industrial 109,106 3,772 $ 5,685 2,662 121,225 Consumer – Non Real Estate: Unsecured 599 — — — 599 Secured 74,984 — — — 74,984 Total $ 1,029,361 $ 3,772 $ 5,685 $ 3,328 $ 1,042,146 The following tables present the segments of the loan portfolio summarized by aging categories as of June 30, 2020 and December 31, 2019: June 30, 2020 (Dollars in thousands) 30-59 Days Past Due 60-89 Days Past Due Greater than 90 Days Total Past Due Current Total Loans Receivable Nonaccrual Residential Real Estate: Single Family $ — $ 150 $ — $ 150 $ 138,088 $ 138,388 $ 150 Multifamily — — — — 32,151 32,151 — Farmland — — — — 872 872 — Commercial Real Estate: Owner occupied — — — — 136,222 136,222 — Non-owner occupied — — — — 359,960 361,057 1,097 Construction & Land Development — — — — 283,971 283,971 — Commercial – Non Real Estate: Commercial & Industrial — — — — 268,290 268,290 — Consumer – Non Real Estate: Unsecured — — — — 274 274 — Secured 24 — 58 82 59,137 59,277 58 Total $ 24 $ 150 $ 58 $ 232 $ 1,278,965 $ 1,280,502 $ 1,305 December 31, 2019 (Dollars in thousands) 30-59 Days Past Due 60-89 Days Past Due Greater than 90 Days Total Past Due Current Total Loans Receivable Nonaccrual Residential Real Estate: Single Family $ — $ — $ — $ — $ 143,535 $ 143,535 $ — Multifamily — — — — 6,512 6,512 — Farmland — — — — 801 801 — Commercial Real Estate: Owner occupied — 150 — 150 133,966 134,116 — Non-owner occupied — — — — 287,754 287,754 — Construction & Land Development — — — — 272,620 272,620 — Commercial – Non Real Estate: Commercial & Industrial — — — — 121,225 121,225 — Consumer – Non Real Estate: Unsecured — — — — 599 599 — Secured 124 — — 124 74,860 74,984 — Total $ 124 $ 150 $ — $ 274 $ 1,041,872 $ 1,042,146 $ — The Company may grant a concession or modification for economic or legal reasons related to a borrower’s financial condition that it would not otherwise consider resulting in a modified loan that is then identified as a troubled debt restructuring (“TDR”). The Company may modify loans through rate reductions, extensions of maturity, interest only payments, or payment modifications to better match the timing of cash flows due under the modified terms with the cash flows from the borrowers’ operations. Loan modifications are intended to minimize the economic loss and to avoid foreclosure or repossession of the collateral. TDRs are considered impaired loans for purposes of calculating the Company’s allowance for loan losses. TDRs are restored to accrual status when the obligation is brought current, has performed in accordance with the modified contractual terms for a reasonable period of time, generally six months, and the ultimate collectability of the total contractual principal and interest is no longer in doubt. Forbearance not automatically a Troubled Debt Restructuring (TDR) On March 9, 2020, the Federal Reserve, Office of the Comptroller of the Currency, Federal Deposit Insurance Corp., Consumer Financial Protection Bureau, National Credit Union Administration, and Conference of State Bank Supervisors issued a joint statement to financial institutions urging them to work constructively with borrowers and other customers affected by COVID-19. Since then, the agencies provided additional guidance and the CARES Act was signed into law. Together, they offer these key takeaways: Working with Customers The agencies encourage financial institutions to work prudently and pro-actively with borrowers – consistent with "safe and sound" practices – who are or may be unable to meet their payment obligations because of the effects of COVID-19. The agencies view loan modification programs as positive actions to mitigate adverse effects on borrowers due to COVID-19. The agencies will not criticize institutions for working with borrowers and will not direct supervised institutions to automatically categorize all COVID-19 related loan modifications as troubled debt restructurings ("TDRs"). Troubled Debt Restructuring According to United States generally accepted accounting principles, restructuring a debt constitutes a TDR if the creditor, for economic or legal reasons related to the debtor’s financial difficulties, grants a concession to the debtor that it would not otherwise consider. The CARES Act states that from March 1, 2020, until the end of the year (unless the President terminates the COVID-19 emergency declaration sooner), financial institutions may elect to suspend the TDR accounting principles for loan modifications related to COVID-19. The suspension applies during the modification. A modification can be a forbearance agreement, a new repayment plan, interest rate modification, or any other arrangement that defers or delays the payment of principal or interest. This provision applies only to loans that were current – less than 30 days past due on payments – as of December 31, 2019. The Company may identify loans for potential restructure primarily through direct communication with the borrower and evaluation of the borrower’s financial statements, revenue projections, tax returns, and credit reports. Even if the borrower is not presently in default, management will consider the likelihood that cash flow shortages, adverse economic conditions and negative trends may result in a payment default in the near future. As of June 30, 2020, and December 31, 2019, the Company had TDRs totaling $0 and $1.5 million, respectively. At December 31, 2019, the Company had one TDR which was performing in compliance with the restructured terms and on accrual status. During the six months ended June 30, 2020, the Bank removed the TDR designation from its only TDR loan after it was modified in accordance with applicable guidance. The following table details the Company’s TDRs that are on accrual status and non-accrual status at June 30, 2020: As of June 30, 2020 (Dollars in thousands) Number Of Loans Accrual Status Non- Accrual Status Total TDRs Total — $ — $ — $ — The following table details the Company’s TDRs that are on accrual status and non-accrual status at December 31, 2019: As of December 31, 2019 (Dollars in thousands) Number Of Loans Accrual Status Non- Accrual Status Total TDRs Residential Real Estate 1 $ 1,482 $ — $ 1,482 Total 1 $ 1,482 $ — $ 1,482

Derivatives and Risk Management

Derivatives and Risk Management Activities	6 Months Ended
	Jun. 30, 2020
Derivative Instruments And Hedging Activities Disclosure [Abstract]
Derivatives and Risk Management Activities	Note 4. Derivatives and Risk Management Activities The Bank uses derivative financial instruments (or “derivatives”) primarily to assist customers with their risk management objectives. The Bank classifies these items as free standing derivatives consisting of customer accommodation interest rate loan swaps (or “interest rate loan swaps”). The Bank enters into interest rate swaps with certain qualifying commercial loan customers to meet their interest rate risk management needs. The Bank simultaneously enters into interest rate swaps with dealer counterparties, with identical notional amounts and terms. The net result of these interest rate swaps is that the customer pays a fixed rate of interest and the Bank receives a floating rate. These back-to-back interest rate loan swaps qualify as financial derivatives with fair values reported in “Other assets” and “Other liabilities” in the consolidated financial statements. Changes in fair value are recorded in other noninterest expense and net to zero because of the identical amounts and terms of the interest rate loan swaps. The following tables summarize key elements of the Banks’s derivative instruments as of June 30, 2020 and December 31, 2019. June 30, 2020 Customer-related interest rate contracts Dollars in thousands) Notional Amount Positions Assets Liabilities Collateral Pledges Matched interest rate swap with borrower $ 108,880 23 $ 12,739 — $ 12,810 Matched interest rate swap with counterparty $ 108,880 23 — $ 12,739 $ 12,810 December 31, 2019 Customer-related interest rate contracts Dollars in thousands) Notional Amount Positions Assets Liabilities Collateral Pledges Matched interest rate swap with borrower $ 71,860 12 $ 4,039 — $ 6,400 Matched interest rate swap with counterparty $ 71,860 12 — $ 4,039 $ 6,400 The Company is able to recognize fee income upon execution of the interest rate swap contract. Interest rate swap fee income for the three and six months ended June 30, 2020 was $423,000 and $826,000, respectively. Interest rate swap income for the same periods for 2019 were $181,000 and $471,000, respectively.

Fair Value Presentation

Fair Value Presentation	6 Months Ended
	Jun. 30, 2020
Fair Value Disclosures [Abstract]
Fair Value Presentation	Note 5. Fair Value Presentation In accordance with FASB ASC 820, “Fair Value Measurements and Disclosure”, the Bank uses fair value measurements to record fair value adjustments to certain assets and liabilities and to determine fair value disclosures. The fair value of a financial instrument is the price that would be received to sell an asset or paid to transfer a liability (“an exit price”) 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 Bank’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 the principal or most advantageous market for the asset or liability 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 the most representative of fair value under current market conditions. In accordance with the guidance, a hierarchy of valuation techniques is based on whether the inputs to those valuation techniques are observable or unobservable. Observable inputs reflect market data obtained from independent sources, while unobservable inputs reflect the Bank’s market assumptions. The three levels of the fair value hierarchy under FASB ASC 820 based on these two types of inputs are as follows: Level 1 –Valuation is based on quoted prices in active markets for identical assets and liabilities that the reporting entity has the ability to access at the measurement date. 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 Bank 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 consider observable market data (Level 2). In certain cases where there is limited activity or less transparency around inputs to the valuation, securities are classified within Level 3 of the valuation hierarchy. As of June 30, 2020, and December 31, 2019, the Bank’s entire portfolio of available for sale securities are considered to be Level 2 securities. Derivative asset (liability) – interest rate swaps on loans As discussed in “Note 4: Derivative Financial Instruments”, the Bank recognizes interest rate swaps at fair value on a recurring basis. The Bank has contracted with a third party vendor to provide valuations for these interest rate swaps using standard valuation techniques and therefore classifies such interest rate swaps as Level 2. The following tables provide the fair value for assets required to be measured and reported at fair value on a recurring basis as of June 30, 2020 and December 31, 2019: June 30, 2020 (Dollars in thousands) Level 1 Level 2 Level 3 Total Assets: Investment securities available-for-sale: U.S. Treasury Securities $ — $ 50,000 $ — $ 50,000 Collateralized Mortgage Backed — 14,626 — 14,626 Subordinated Debt — 2,517 — 2,517 Municipal Securities — 17,809 — 17,809 U.S. Government Agencies — 6,871 — 6,871 Derivative asset – interest rate swap on loans — 12,739 — 12,739 Total $ — $ 104,562 $ — $ 104,562 Liabilities: Derivative liability – interest rate swap on loans — 12,739 — 12,739 Total $ — $ 12,739 $ — $ 12,739 December 31, 2019 (Dollars in thousands) Level 1 Level 2 Level 3 Total Assets: Investment securities available-for-sale: U.S. Treasury Securities $ — $ 49,998 $ — $ 49,998 Collateralized Mortgage Backed — 17,673 — 17,673 Subordinated Debt — 2,554 — 2,554 Municipal Securities — 14,631 — 14,631 U.S. Government Agencies — 7,935 — 7,935 Derivative asset – interest rate swap on loans — 4,039 — 4,039 Total $ — $ 96,830 $ — $ 96,830 Liabilities: Derivative liability – interest rate swap on loans — 4,039 — 4,039 Total $ — $ 4,039 $ — $ 4,039 Certain 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 Bank to measure certain 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 when due. The measurement of loss associated with impaired loans can be based on either the observable market price of the loan or the fair value of the collateral. 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 an income or market valuation approach based on an appraisal conducted by an independent, licensed appraiser outside of the Bank using observable market data (Level 2). However, if the collateral value is significantly adjusted due to differences in the comparable properties, or is discounted by the Bank because of 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’ financial statements if not considered significant. Likewise, values for inventory and accounts receivables collateral are based on financial statement balances or aging reports (Level 3). Impaired loans allocated to the Allowance for Loan Losses are measured at fair value on a nonrecurring basis. Any fair value adjustments are recorded in the period incurred as provision for loan losses on the Statements of Income. Other real estate owned Other real estate owned (“OREO”) is measured at fair value less cost to sell, based on an appraisal conducted by an independent, licensed appraiser outside of the Bank. If the collateral value is significantly adjusted due to differences in the comparable properties, or is discounted by the Bank because of marketability, then the fair value is considered Level 3. OREO is measured at fair value on a nonrecurring basis. Any initial fair value adjustment is charged against the Allowance for Loan Losses. Subsequent fair value adjustments are recorded in the period incurred and included in other noninterest expense on the Statements of Income. The following table summarizes the value of the Bank’s assets as of June 30, 2020 and December 31, 2019 that were measured at fair value on a nonrecurring basis during the period: June 30, 2020 (Dollars in thousands) Level 1 Level 2 Level 3 Total Assets: Impaired Loans Commercial & Industrial $ — $ — $ 62 $ 62 Other Real Estate Owned — — 1,175 1,175 Total $ — $ — $ 1,237 $ 1,237 December 31, 2019 (Dollars in thousands) Level 1 Level 2 Level 3 Total Assets: Other Real Estate Owned $ — $ — $ 1,207 $ 1,207 Total $ — $ — $ 1,207 $ 1,207 The following table summarizes the value of the Bank’s assets as of June 30, 2020 that were measured at fair value on a nonrecurring basis during the period: Fair Value Measurements at June 30, 2020 (Dollars in thousands) Fair Value Valuation Technique(s) Unobservable Inputs Range of Inputs Impaired Loans, net $ 62 Appraisals/Discounted Cash Flows Discount to reflect current market conditions or cash flows and estimated selling costs. 3% - 10% Other Real Estate Owned, net $ 1,175 Appraisals Discount to reflect current market conditions and estimated selling costs. 6% - 10% Total $ 1,237 Fair Value of Financial Instruments FASB ASC 825, Financial Instruments, requires disclosure about fair value of financial instruments, including those financial assets and financial liabilities that are not required to be measured and reported at fair value on a recurring or nonrecurring basis. ASC 825 excludes certain financial instruments and all nonfinancial instruments from its disclosure requirements. Accordingly, the aggregate fair value amounts presented may not necessarily represent the underlying fair value of the Company. In accordance with ASU 2016-01, the Company uses the exit price notion, rather than the entry price notion, in calculating the fair values of financial instruments not measured at fair value on a recurring basis. The following tables reflect the carrying amounts and estimated fair values of the Company’s financial instruments whether or not recognized on the Consolidated Balance Sheets at fair value. June 30, 2020 Carrying Estimated Quoted Prices in Active Markets for Identical Assets Significant Other Observable Inputs Significant Unobservable Inputs (Dollars in thousands) Amount Fair Value Level 1 Level 2 Level 3 Assets: Cash and due from banks $ 55,273 $ 55,273 $ 55,273 $ — $ — Restricted equity securities 5,041 5,041 — 5,041 — Securities: Available for sale 91,823 91,823 — 91,823 — Held to maturity 23,843 24,850 — 24,850 — Loans, net 1,259,012 1,270,726 — — 1,270,726 Derivative asset – interest rate swap on loans 12,739 12,739 — 12,739 — Bank owned life insurance 24,959 24,959 — 24,959 — Accrued interest receivable 6,928 6,928 — 6,928 — Liabilities: Deposits $ 1,342,332 $ 1,356,997 $ — $ 804,492 $ 552,505 Advances from the FHLB 10,000 10,000 — 10,000 — Derivative liability – interest rate swaps on loans 12,739 12,739 — 12,739 — Accrued interest payable 764 764 — 764 — December 31, 2019 Carrying Estimated Quoted Prices in Active Markets for Identical Assets Significant Other Observable Inputs Significant Unobservable Inputs (Dollars in thousands) Amount Fair Value Level 1 Level 2 Level 3 Assets: Cash and due from banks $ 53,376 $ 53,376 $ 53,376 $ — $ — Restricted equity securities 6,157 6,157 — 6,157 — Securities: Available for sale 92,791 92,791 — 92,791 — Held to maturity 23,914 24,678 — 24,678 — Loans, net 1,030,425 1,048,181 — — 1,048,181 Derivative asset – interest rate swap on loans 4,039 4,039 — 4,039 — Bank owned life insurance 24,562 24,562 — 24,562 — Accrued interest receivable 4,282 4,282 — 4,282 — Liabilities: Deposits $ 1,071,623 $ 1,079,011 $ — $ 510,766 $ 568,245 Advances from the FHLB 40,000 39,998 — 39,998 — Derivative liability – interest rate swaps on loans 4,039 4,039 — 4,039 — Accrued interest payable 982 982 — 982 — The above information should not be interpreted as an estimate of the fair value of the entire Company since a fair value calculation is only provided for a limited portion of the Company’s assets and liabilities. Due to a wide range of valuation techniques and the degree of subjectivity used in making the estimates, comparisons between the Company’s disclosures and those of other companies may not be meaningful. There were no changes in methodologies or transfers between levels at June 30, 2020 from December 31, 2019.

Earnings (Losses) Per Common Sh

Earnings (Losses) Per Common Share	6 Months Ended
	Jun. 30, 2020
Earnings Per Share [Abstract]
Earnings (Losses) Per Common Share	Note 6. Earnings (Losses) Per Common 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 securities or other contracts to issue common stock were exercised or converted into common stock or resulted in the issuance of common stock which then shared in the earnings of the Bank. There were no such potentially dilutive securities outstanding in 2020 or 2019. The weighted average number of shares used in the calculation of basic and diluted earnings per share includes unvested restricted shares of the Company’s common stock outstanding. Applicable guidance requires that outstanding un-vested share-based payment awards that contain voting rights and rights to non-forfeitable dividends participate in undistributed earnings with common stockholders. For the Three Months Ended June 30, For the Six Months Ended June 30, (Dollars in thousands, except for per share data) 2020 2019 2020 2019 Net income (loss) $ (634 ) $ 3,431 $ 2,836 $ 6,678 Weighted average number of shares issued, basic and diluted 8,263,370 8,250,210 8,275,344 8,246,562 Net income (loss) per share: Basic and diluted income (loss) per share $ (0.08 ) $ 0.42 $ 0.34 $ 0.81

Accumulated Other Comprehensive

Accumulated Other Comprehensive Income	6 Months Ended
	Jun. 30, 2020
Equity [Abstract]
Accumulated Other Comprehensive Income	Note 7. Accumulated Other Comprehensive Income The following table presents the cumulative balances of the components of accumulated other comprehensive income, net of deferred taxes, as of June 30, 2020 and December 31, 2019: June 30, 2020 December 31, 2019 Unrealized gain on securities $ 1,268 $ 609 Unrealized loss on securities transferred to HTM (69 ) (81 ) Securities gains included in net income — 5 Tax effect (245 ) (110 ) Total accumulated other comprehensive income $ 954 $ 423

Leases

Leases	6 Months Ended
	Jun. 30, 2020
Leases [Abstract]
Leases	Note 8. Leases Right-of-use assets and lease liabilities are included in other assets and other liabilities, respectively, in the Consolidated Balance Sheets. 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. The incremental borrowing rate was equal to the rate of borrowing from the FHLB that aligned with the term of the lease contract. 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. The Company’s long-term lease agreements are classified as operating leases. Certain of these leases offer the option to extend the lease term and the Company has included such extensions in its calculation of the lease liabilities to the extent the options are reasonably assured of being exercised. The lease agreements do not provide for residual value guarantees and have no restrictions or covenants that would impact dividends or require incurring additional financial obligations. Cash paid for amounts included in the measurement of lease liabilities during the six months ended June 30, 2020 was $92,000. During the six months ended June 30, 2020 and 2019, the Company recognized lease expense of $147,000 and $160,000, respectively. As of June 30, (Dollars in thousands) 2020 Lease liabilities $ 6,764 Right-of-use assets $ 6,386 Weighted-average remaining lease term – operating leases (in months). 193.6 Weighted-average discount rate – operating leases 3.12 % For the six months ended June 30, (Dollars in thousands) 2020 Lease Cost Operating lease cost $ 147 Total lease costs $ 147 Cash paid for amounts included in measurement of lease liabilities $ 92 The Company is the lessor for three operating leases. One lease is extended on a month-to-month basis while two of these leases have arrangements for over twelve months with an option to extend the lease terms. The lease agreements do not provide for residual value guarantees and have no restrictions or covenants that would impact dividends or require incurring additional financial obligations. Total rent income on these operating leases is approximately $6,000 per month. As of June 30, 2020, all of the Company’s lease obligations are classified as operating leases. The Company does not have any finance lease obligations. A maturity analysis of operating lease liabilities and reconciliation of the undiscounted cash flows to the total of operating lease liabilities as of June 30, 2020 is as follows: (Dollars in thousands) 2020 $ 260 2021 529 2022 542 2023 556 2024 571 Thereafter 6,076 Total undiscounted cash flows $ 8,534 Discount (1,770 ) Lease liabilities $ 6,764

Organization, Basis of Presen_2

Organization, Basis of Presentation and Impact of Recently Issued Accounting Pronouncements (Policies)	6 Months Ended
	Jun. 30, 2020
Organization Consolidation And Presentation Of Financial Statements [Abstract]
Organization	Organization MainStreet Bancshares Inc. (the “Company”) is a bank holding company incorporated under the laws of the Commonwealth of Virginia whose principal activity is the ownership and management of MainStreet Bank. The Company is authorized to issue 10,000,000 shares of common stock with a par value of $4.00 per share. Additionally, the Company is authorized to issue 2,000,000 shares of preferred stock at a par value $1.00 per share. There is currently no preferred stock outstanding. The Company is regulated under the Bank Holding Company Act of 1956, as amended (“BHC Act”) and is subject to inspection, examination, and supervision by the Federal Reserve Board. On April 18, 2019, the Company completed the registration of its common stock with the Securities Exchange Commission through its filing of a General Form for Registration of Securities on Form 10 (“Form 10”), pursuant to Section 12(b) of the Securities Exchange Act of 1934. The Company is considered an “emerging growth company” under the Jumpstart Our Business Startups Act of 2012, or the “JOBS Act,” and as defined in Section 2(a) of the Securities Act of 1933, as amended, or the “Securities Act.” We are also a “smaller reporting company” as defined in Exchange Act Rule 12b-2. As such, we may elect to comply with certain reduced public company reporting requirements in future reports that we file with the Securities and Exchange Commission, or the “SEC.” We were approved to list shares of our common stock on the Nasdaq Capital Market under our current symbol “MNSB” as of April 22, 2019. MainStreet Bank (the “Bank”) is headquartered in Fairfax, Virginia where it also operates a branch. The Bank was incorporated on March 28, 2003 and received its charter from the Bureau of Financial Institutions of the Commonwealth of Virginia (the “Bureau”) on March 16, 2004. The Bank commenced regular operations on May 26, 2004 and is supervised by the Bureau and the Federal Reserve Bank of Richmond. The Bank is a member of the Federal Reserve System and the Federal Deposit Insurance Corporation. The Bank places special emphasis on serving the needs of individuals, and small and medium-sized business and professional concerns in the Washington, D.C. metropolitan area.
Basis of Presentation	Basis of Presentation The accompanying financial statements have been prepared in conformity with accounting principles generally accepted in the United States of America (“US GAAP”) for interim information and with the instructions to the Quarterly Report on Form 10-Q, as applicable to a smaller reporting company. Accordingly, they do not include all the information and footnotes required by US GAAP for complete financial statements. The financial statements are unaudited; but in the opinion of management include all adjustments (consisting only of normal recurring adjustments) necessary for a fair presentation thereof. The balances as of December 31, 2019 have been derived from the audited consolidated financial statements. These financial statements should be read in conjunction with the audited consolidated financial statements and accompanying notes thereto contained in the Form 10-K filed by the Company with the U.S. Securities and Exchange Commission on March 23, 2020. The results of operations for the three and six months ended June 30, 2020 are not necessarily indicative of the results that may be expected for the year ending December 31, 2020, or any other period.
Principles of Consolidation	Principles of Consolidation – The unaudited interim consolidated financial statements include accounts of the Company and its wholly-owned subsidiary, the Bank. All significant intercompany transactions and balances have been eliminated in consolidation.
Cash and Cash Equivalents	Cash and cash equivalents – For the purpose of presentation in the Statements of Cash Flows, the Bank has defined cash and cash equivalents as those amounts included in the balance sheet captions “Cash and due from banks” and “Federal funds sold.”
Investment Securities	Investment securities – The Bank’s investment securities are classified as either held to maturity, available for sale or trading. At June 30, 2020 and December 31, 2019, the Bank held approximately $23.8 million and $23.9 million, respectively, in securities classified as held to maturity. The Bank held no securities classified as trading. Municipal securities that were originally purchased as available for sale were transferred to held to maturity during 2013. The unrealized loss on the securities transferred to held to maturity is being amortized over the expected life of the securities. At June 30, 2020 and December 31, 2019, the unamortized unrealized loss was $67,957 and $81,076, respectively, before tax, and remains in accumulated other comprehensive income, net of tax. Securities which are not classified as held to maturity or trading are classified as securities available for sale. Securities available for sale are reported at fair value. Any unrealized gain or loss, net of applicable income taxes, is reported as a separate addition to or reduction from stockholders’ equity. Gains and losses arising from the sale of securities available for sale are recognized based on the specific identification method on a trade-date basis and included in results of operations. Securities held to maturity include securities purchased with the ability and positive intent to hold to maturity. Debt securities are stated at historical cost adjusted for amortization of premiums and accretion of discount. Any investment security, for which there has been a value impairment deemed by management to be other than temporary, is written down to its estimated fair value with a charge to current operations. Purchase premiums and discounts are recognized in interest income using the interest method over the terms of the securities. Declines in the fair value of held to maturity and available for sale securities below their cost that are deemed to be other than temporary are reflected in earnings as realized losses. In determining whether other-than-temporary impairment exists, management considers many factors, including (1) the length of time and the extent to which the fair value has been less than cost, (2) the financial condition and near-term prospects of the issuer, and (3) whether the Bank intends to sell the security, whether it is more likely than not that the Bank will be required to sell the security before recovery of its amortized cost basis, and whether the Bank expects to recover the security’s entire amortized cost basis. Gains and losses on the sale of securities are recorded on the trade date and are determined using the specific identification method. Restricted equity securities consist of the Federal Reserve Bank and Federal Home Loan Bank of Atlanta (“FHLB”) stock in the amount of $3.3 million and $1.6 million respectively, as of June 30, 2020, compared to $3.3 million and $2.7 million, respectively, as of December 31, 2019. Restricted equity securities also consisted of $126,800 in Community Bankers Bank stock at June 30, 2020 and December 31, 2019. This restricted stock is recorded at cost because its ownership is restricted and it lacks a market for resale. The Bank is required to maintain Federal Reserve Bank stock at a level of 6% of capital and surplus. The FHLB requires the Bank to maintain stock, at a minimum, in an amount equal to 4.5% of outstanding borrowings and 0.20% of total assets. When evaluating restricted stock for impairment, its value is based on ultimate recoverability of the par value rather than by recognizing temporary declines in value. The Bank does not consider these investments to be impaired at June 30, 2020 or December 31, 2019 and no previous impairment has been recognized.
Loans	Loans - The Bank makes commercial and consumer loans to customers. Our recorded investment in loans that management has the intent and ability to hold for the foreseeable future, or until maturity or pay-off, generally are reported at their unpaid principal balances adjusted for charge-offs, unearned discounts, any deferred fees or costs on originated loans, and the allowance for loan losses. Interest on loans is credited to operations based on the principal amount outstanding. Loan fees and origination costs are deferred and the net amount is amortized as an adjustment of the related loan’s yield using the effective interest method. The Bank is amortizing these amounts over the contractual life of the related loans. A loan’s past due status is based on the contractual due date of the most delinquent payment due. All loans which are 30 or more days past due at the end of the month are reported to the Board of Directors. Commercial loans are generally placed on nonaccrual status when the collection of principal or interest is 90 days or more past due, or earlier, if collection is uncertain based on an evaluation of the net realizable value of the collateral and the financial strength of the borrower. Consumer loans are generally placed on nonaccrual status when the collection of principal or interest is 120 days or more past due, or earlier, if collection is uncertain based on an evaluation of the net realizable value of the collateral and the financial strength of the borrower. Loans greater than 90 days past due may remain on accrual status if management determines it has adequate collateral to cover the principal and interest. For those loans that are carried on nonaccrual status, payments are first applied to principal outstanding. A loan may be returned to accrual status if the borrower has demonstrated a sustained period of repayment performance in accordance with the contractual terms of the loan and there is reasonable assurance the borrower will continue to make payments as agreed. It is Bank policy to charge-off loans whose collectability is sufficiently questionable and can no longer be justified as an asset on the balance sheet. To determine if a loan should be charged-off, all possible sources of repayment are analysed, including: (1) the potential for future cash flow, (2) the value of the Bank’s collateral, and (3) the strength of co-makers or guarantors. All principal and previously accrued interest is charged to the allowance for loan losses. All future payments received on the loan are credited to the allowance for loan losses as a recovery. These policies are applied consistently across our loan portfolio. Impairment of a loan - The Bank considers a loan impaired when it is probable that the Bank will be unable to collect all interest and principal payments as scheduled in the loan agreement. A loan is not considered impaired during a period of an insignificant delay in payment if the ultimate collectability of all amounts due is expected. Impairment is measured on a loan by loan basis for all commercial, construction and residential loans by either the present value of expected future cash flows discounted at the loan’s effective interest rate, the loan’s obtainable market price or the fair value of the collateral if the loan is collateral dependent. Consistent with the Bank’s method for nonaccrual loans, payments on impaired loans are first applied to principal outstanding. Smaller balance consumer loans are not individually evaluated for impairment. Troubled Debt Restructuring (TDR) occurs when the Bank agrees to modify the original terms of a loan due to the deterioration in the financial condition of the borrower. TDRs are considered impaired loans. Upon designation as a TDR, the Bank evaluates the borrower’s payment history, past due status and ability to make payments based on the revised terms of the loan. If a loan was accruing prior to being modified as a TDR and if the Bank concludes that the borrower is able to continue making such payments, and there are no other factors or circumstances that would cause it to conclude otherwise, the loan will remain on an accruing status. If a loan was on nonaccrual status at the time of the TDR, the loan will remain on nonaccrual status following the modification and may be returned to accrual status based on the policy for returning loans to accrual status as noted above. Restructured loans for which there was no rate concession, and therefore made at a market rate of interest, may be eligible to be removed from TDR status in periods subsequent to the restructuring depending on the performance of the loan. During the quarter ended June 30, 2020, the Bank’s only TDR met the requirements to be removed from TDR status and had this designation removed. As of June 30, 2020, and December 31, 2019, the Bank had $0 and $1.5 million of loans classified as TDR, respectively. At December 31, 2019, TDR loans consisted of one loan. For additional discussion see “Note 3. Loans Receivable” and “Management’s Discussion and Analysis of Financial Condition and Results of Operations.” Allowance for Loan Losses - The allowance for loan losses is established through charges to earnings in the form of a provision for loan losses. Loan losses are charged against the allowance for loan losses for the difference between the carrying value of the loan and the estimated net realizable value or fair value of the collateral, if collateral dependent, when: • Management believes that the collectability of the principal is unlikely regardless of delinquency status. • The loan is a consumer loan and is 120 days past due. • The loan is a non-consumer loan, and is 90 days past due, unless the loan is well secured and recovery is probable. • The borrower is in bankruptcy, unless the debt has been reaffirmed, is well secured and recovery is probable. Subsequent recoveries, if any, are credited to the allowance. The allowance represents an amount that, in management’s judgment, will be adequate to absorb probable losses inherent in the loan portfolio. Management’s judgment in determining the level of the allowance is based on evaluations of the collectability of loans while taking into consideration such factors as trends in delinquencies and charge-offs, changes in the nature and volume of the loan portfolio, current economic conditions that may affect a borrower’s ability to repay and the value of collateral, overall portfolio quality and review of specific potential losses. This evaluation is inherently subjective, as it requires estimates that are susceptible to significant revision as more information becomes available. The evaluation also considers the following risk characteristics of each loan portfolio segment: • Real estate residential mortgage loans, including equity lines of credit, carry risks associated with the continued credit-worthiness of the borrower and the changes in the value of the collateral. • Real estate construction loans and land improvement carry risks that the project will not be finished according to schedule, the project will not be finished according to budget and the value of the collateral may, at any point in time, be less than the principal amount of the loan. Construction loans also bear the risk that the general contractor, who may or may not be a loan customer, may be unable to finish the construction project as planned because of financial pressure unrelated to the project. • Commercial real estate loans carry risks of the client’s ability to repay the loan from the cash flow derived from the underlying real estate. Risks inherent in managing a commercial real estate portfolio relate to sudden or gradual drops in property values as well as changes in the economic climate. Real estate security diminishes risks only to the extent that a market exists for the subject collateral. These risks are attempted to be mitigated by carefully underwriting loans of this type and by following appropriate loan-to-value standards. • Commercial and industrial loans carry risks associated with the successful operation of a business or a real estate project, in addition to other risks associated with the ownership of real estate, because the repayment of these loans may be dependent upon the profitability and cash flows of the business or project. In addition, there is risk associated with the value of collateral other than real estate which may depreciate over time and cannot be appraised with as much precision. • Consumer secured loans (indirect lending) carry risks associated with the continued credit-worthiness of the borrower and the value of the collateral (e.g., rapidly-depreciating assets such as automobiles). These risks are attempted to be mitigated by following appropriate loan-to-value standards and an experienced management team for this type of portfolio. • Consumer unsecured loans (credit cards) carry risks associated with the continued credit-worthiness of the borrower. Consumer unsecured loans are more likely to be immediately adversely affected by job loss, divorce, illness or personal bankruptcy. The allowance consists of specific and general components. The specific component relates to loans that are classified as impaired and is established when the discounted cash flows (or collateral value or observable market price) of the impaired loan is lower than the carrying value of that loan. For collateral dependent loans, an updated appraisal will be ordered if a current one is not on file. Appraisals are performed by independent third-party appraisers with the relevant industry experience. Adjustments to the appraised value may be made based on recent sales of like properties or general market conditions when appropriate. The general component covers non-classified or performing loans and those loans classified as substandard or special mention that are not impaired. The general component is based on historical loss experience adjusted for qualitative factors, such as current economic conditions, including current home sales and foreclosures, unemployment rates and retail sales. Non-impaired classified loans are assigned a higher allowance factor based on an internal migration analysis, which increases with the severity of classification, than non-classified loans. The characteristics of the loan ratings are as follows: • Pass rated loans are to persons or business entities with an acceptable financial condition, appropriate collateral margins, appropriate cash flow to service the existing loan, and an appropriate leverage ratio. The borrower has paid all obligations as agreed and it is expected that this type of payment history will continue. When necessary, acceptable personal guarantors support the loan. • Watch rated loans have all the characteristics of pass rated loans but show signs of emerging financial weaknesses which the Bank will continue monitoring more closely. Watch rated loans are still performing as agreed. • Special mention loans have a specific defined weakness in the borrower’s operations and the borrower’s ability to generate positive cash flow on a sustained basis. The borrower’s recent payment history is characterized by late payments. The Bank’s risk exposure is mitigated by collateral supporting the loan. The collateral is considered to be well-margined, well maintained, accessible and readily marketable. • Substandard loans are considered to have specific and well-defined weaknesses that jeopardize the viability of the Bank’s credit extension. The payment history for the loan has been inconsistent and the expected or projected primary repayment source may be inadequate to service the loan. The estimated net liquidation value of the collateral pledged and/or ability of the personal guarantor(s) to pay the loan may not adequately protect the Bank. There is a distinct possibility that the Bank will sustain some loss if the deficiencies associated with the loan are not corrected in the near term. A substandard loan would not automatically meet our definition of impaired unless the loan is significantly past due and the borrower’s performance and financial condition provide evidence that it is probable that the Bank will be unable to collect all amounts when due. • Doubtful rated loans have all the weaknesses inherent in a loan that is classified substandard but with the added characteristics that the weaknesses make collection or liquidation in full, on the basis of currently existing facts, conditions and values, highly questionable and improbable. The possibility of loss is extremely high. • Loss rated loans are not considered collectible under normal circumstances and there is no realistic expectation for any future payment on the loan. Loss rated loans are fully charged off. Other Real Estate Owned (“OREO”) - Assets acquired through, or in lieu of, loan foreclosure are held for sale and are initially recorded at fair value less costs to sell at the date of foreclosure, establishing a new cost basis. Subsequent to foreclosure, management periodically performs valuations of the foreclosed assets based on updated appraisals, general market conditions, and recent sales of like properties, length of time the properties have been held and our ability and intention with regard to continued ownership of the properties. The Bank may incur additional write-downs of foreclosed assets to fair value less costs to sell if valuations indicate a further deterioration in market values. Revenue and expenses from operations and changes in the valuation allowance are included in net expenses from foreclosed assets and improvements are capitalized. Interest income on loans – Interest on loans is accrued and credited to income on daily balances of the principal amount outstanding. The accrual of interest on loans is discontinued when, in the opinion of management, there is an indication that the borrower may be unable to meet payments as they become due. Upon such discontinuance, all unpaid accrued interest is reversed. Generally, the Bank will return a loan to accrual status when all delinquent interest and principal becomes current and remains current for six consecutive months under the terms of the loan agreement or the loan is well-secured or in process of collection. Upon returning to accrual status, interest payments applied to the principal balance of a loan while in nonaccrual status are recognized as a yield adjustment over the remaining life. Loan origination and commitment fees and certain related direct costs - Loan origination and commitment fees charged by the Bank and certain direct loan origination costs are deferred and the net amount is amortized as a yield adjustment. The Bank amortizes these net amounts over the life of the related loans or, in the case of demand loans, over the estimated life. Net fees related to standby letters of credit are recognized over the commitment period.
Premises and Equipment	Premises and equipment – Land is carried at cost. Premises and equipment are stated at cost, less accumulated depreciation and amortization computed principally on the straight-line basis over the estimated useful life of each asset, which ranges from 3 to 39 years. Leasehold improvements are amortized over the shorter of the related lease term or the estimated useful lives of the improvements. Construction in progress includes assets which will be reclassified and depreciated once placed into service.
Income Taxes	Income taxes – The Bank uses an asset and liability approach in financial accounting and reporting for income taxes. Deferred income tax assets and liabilities are computed for differences between the financial statement and tax bases of assets and liabilities that will result in taxable or deductible amounts in the future. The principal items relate primarily to differences between the allowance for loan losses, deferred loan fees, and accumulated depreciation and amortization. Valuation allowances are established when necessary to reduce deferred tax assets to the amount expected to be realized. Income tax expense (benefit) is the tax payable or refundable for the period plus or minus the change during the period in deferred tax assets and liabilities. When tax returns are filed, it is highly certain that some positions taken would be sustained upon examination by the taxing authorities, while others are subject to uncertainty about the merits of the position taken or the amount of the position that would be ultimately sustained. The benefit of a tax position is recognized in the financial statements in the period during which, based on all available evidence, management believes it is more likely than not that the position will be sustained upon examination, including the resolution of appeals or litigation processes, if any. Tax positions taken are not offset or aggregated with other positions. Tax positions that meet the more-likely-than-not recognition threshold are measured as the largest amount of tax benefit that is more than 50% likely of being realized upon settlement with the applicable taxing authority. The portion of the benefits associated with tax positions taken that exceeds the amount measured as described above is reflected as a liability for unrecognized tax benefits in the accompanying balance sheet along with any associated interest and penalties that would be payable to the taxing authorities upon examination. As of June 30, 2020, and December 31, 2019, there were no such liabilities recorded. Interest and penalties associated with unrecognized tax benefits, if any, would be classified as additional income taxes in the statement of operations.
Comprehensive Income	Comprehensive income – Accounting principles generally require that recognized revenue, expenses, gains and losses be included in net income. Although, certain changes in assets and liabilities, such as unrealized gains and losses on available for sale securities, are reported as a separate component of the equity section of the balance sheet, such items, along with net income, are components of comprehensive income.
Stock Compensation Plans	Stock compensation plans – Stock compensation accounting guidance (FASB ASC 718, “Compensation – Stock Compensation”) requires that the compensation cost relating to share-based payment transactions be recognized in financial statements. That cost will be measured based on the grant date fair value of the equity or liability instruments issued. The stock compensation accounting guidance requires that compensation cost for all stock awards be calculated and recognized over the employees’ service period, generally defined as the vesting period. For awards with graded-vesting, compensation cost is recognized on a straight-line basis over the requisite service period for the entire award. A Black-Scholes model is used to estimate the fair value of stock options, while the market price of the Bank’s common stock at the date of grant is used for restricted stock awards. No stock options were granted during 2020 and 2019.
Earnings Per Share	Earnings per share – Net income per common share has been determined under the provisions of FASB ASC 260, “Earnings Per Share” and has been computed based on the weighted average common shares outstanding during the quarter and six months ended June 30, (8,263,370 and 8,275,344, respectively, for 2020 and 8,250,210 and 8,246,562, respectively, for 2019). Diluted earnings per share reflect additional potential common shares that The only potential dilutive stock of the Bank as defined in FASB ASC 260 would be stock options granted to various directors, officers, and employees of the Bank. There were no such options outstanding at June 30, 2020 or December 31, 2019. Restricted stock is included in the computation of basic earnings per share as the holder is entitled to full benefits of a stockholder during the vesting period.
Off-balance Sheet Instruments	Off-balance sheet instruments – In the ordinary course of business, the Bank has entered into off-balance sheet financial instruments consisting of commitments to extend credit, commercial letters of credit, and standby letters of credit. Such financial instruments are recorded in the financial statements when they are funded, or related fees are incurred or received.
Advertising and Marketing Expense	Advertising and marketing expense – Advertising and marketing costs are expensed as incurred.
Use of Estimates	Use of estimates – The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America, requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities at the date of the financial statements and the reported amounts of income and expenses during the reporting period. Actual results could differ from the estimates. The Company’s critical accounting policies relate to (1) the allowance for loan losses, (2) fair value of financial instruments, (3) derivative financial instruments, (4) income taxes, and (5) other real estate owned. These critical accounting policies require the use of estimates, assumptions and judgments which are based on information available as of the date of the financial statements. Accordingly, as this information changes, future financial statements could reflect the use of different estimates, assumptions and judgments. Certain determinations inherently have a greater reliance on the use of estimates, assumptions and judgments and, as such, have a greater possibility of producing results that could be materially different than originally reported. In connection with the determination of the allowances for losses on loans and valuation of other real estate owned management obtains independent appraisals for significant properties.
Fair Value of Financial Instruments	Fair value of financial instruments – Fair values of financial instruments are estimated using relevant market information and other assumptions, as more fully disclosed in Note 5. Fair value estimates involve uncertainties and matters of significant judgment. Changes in assumptions or in market conditions could significantly affect the estimates.
Derivative Financial Instruments	Derivative Financial Instruments – The Bank recognizes derivative financial instruments at fair value as either an other asset or other liability in the consolidated balance sheet. The Bank’s derivative financial instruments include interest rate swaps with certain qualifying commercial loan customers and dealer counterparties. Because the interest rate swaps with loan customers and dealer counterparties are not designated as hedging instruments, adjustments to reflect unrealized gains and losses resulting from changes in fair value of these instruments are reported as noninterest income or noninterest expense, as applicable. The Bank’s interest rate swaps with loan customers and dealer counterparties are described more fully in Note 4.
Transfers of Financial Assets	Transfers of financial assets – Transfers of financial assets are accounted for as sales, when control over the assets has been surrendered. Control over transferred assets is deemed to be surrendered when (1) the assets have been isolated from the Bank – put presumptively beyond reach of the transferor and its creditors, even in bankruptcy or other receivership, (2) the transferee obtains the right (free of conditions that constrain it from taking advantage of that right) to pledge or exchange the transferred assets, and (3) the Bank does not maintain effective control over the transferred assets through an agreement to repurchase them before their maturity or the ability to unilaterally cause the holder to return specific assets.
Revenue Recognition	Revenue Recognition During 2018, the Company adopted Accounting Standards Update (ASU) 2014-09, “ Revenue from Contracts with Customers (Topic 606) Most revenue associated with the Company’s financial instruments, including interest income and gains/losses on investment securities, derivatives and sales of financial instruments are outside the scope of ASU 2014-09. The Company’s services that fall within the scope of ASU 2014-09 are presented within noninterest income and are recognized as revenue. A description of the primary revenue streams accounted for under ASU 2014-09 follows: Service Charges on Deposit Accounts. The Company earns fees from its deposit customers for overdraft and account maintenance services. Overdraft fees are recognized when the overdraft occurs. Account maintenance fees, which relate primarily to monthly maintenance, are earned over the course of a month, representing the period over which the company satisfies the performance obligation. Other Service Charges and Fees. The Company earns fees from its customers for transaction-based services. Such services include safe deposit box, ATM, stop payment, wire transfer, Small Business Administration (“SBA”) loan originations and mortgage originations. In each case, these service charges and fees are recognized in income at the time or within the same period that the Company’s performance obligation is satisfied. Interchange Income. The Company earns interchange fees from debit and credit cardholder transactions conducted through various payment networks. Interchange fees from cardholder transactions represent a percentage of the underlying transaction value and are recognized daily, concurrently with the transaction processing services. Swap Fee Income. The Company earns fees from certain qualifying commercial loan customers for entering into interest rate swaps in order for the customer to receive a fixed rate of interest while the Bank receives a floating rate. In each case, there are fees that are recognized in income as the time or within the same period that the Company’s performance obligation is satisfied.
Impact of Recently Issued Accounting Pronouncements	Impact of Recently Issued Accounting Pronouncements In June 2016, the Financial Accounting Standards Board (FASB) issued Accounting Standards Update (ASU) No. 2016-13, “Financial Instruments – Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments.” The amendments in this ASU, among other things, require the measurement of all expected credit losses for financial assets held at the reporting date based on historical experience, current conditions, and reasonable and supportable forecasts. Financial institutions and other organizations will now use forward-looking information to better inform their credit loss estimates. Many of the loss estimation techniques applied today will still be permitted, although the inputs to those techniques will change to reflect the full amount of expected credit losses. In addition, the ASU amends the accounting for credit losses on available-for-sale debt securities and purchased financial assets with credit deterioration. The FASB has issued multiple updates to ASU 2016-13 as codified in Topic 326, including ASU’s 2019-04, 2019-05, 2019-10, 2019-11, 2020-02, and 2020-03. These ASU’s have provided for various minor technical corrections and improvements to the codification as well as other transition matters. Smaller reporting companies who file with the U.S. Securities and Exchange Commission (SEC) and all other entities who do not file with the SEC are required to apply the guidance for fiscal years, and interim periods within those years, beginning after December 15, 2022. The Company is currently assessing the impact that ASU 2016-13 will have on its consolidated financial statements. The Company has formed a Committee to oversee the accounting impact of this ASU. In anticipation of the ASU, the Company is working with a third party to compile data and develop an estimate using historical and qualitative data based on the requirements of ASU 2016-13. Effective November 25, 2019, the SEC adopted Staff Accounting Bulletin (SAB) 119. SAB 119 updated portions of SEC interpretative guidance to align with FASB ASC 326, “Financial Instruments – Credit Losses.” It covers topics including (1) measuring current expected credit losses; (2) development, governance, and documentation of a systematic methodology; (3) documenting the results of a systematic methodology; and (4) validating a systematic methodology. In December 2019, the FASB issued ASU 2019-12, “Income Taxes (Topic 740) – Simplifying the Accounting for Income Taxes.” The ASU is expected to reduce cost and complexity related to the accounting for income taxes by removing specific exceptions to general principles in Topic 740 (eliminating the need for an organization to analyze whether certain exceptions apply in a given period) and improving financial statement preparers’ application of certain income tax-related guidance. This ASU is part of the FASB’s simplification initiative to make narrow-scope simplifications and improvements to accounting standards through a series of short-term projects. For public business entities, the amendments are effective for fiscal years beginning after December 15, 2020, and interim periods within those fiscal years. Early adoption is permitted. The Company is currently assessing the impact that ASU 2019-12 will have on its consolidated financial statements. In January 2020, the FASB issued ASU 2020-01, “Investments – Equity Securities (Topic 321), Investments – Equity Method and Joint Ventures (Topic 323), and Derivatives and Hedging (Topic 815) – Clarifying the Interactions between Topic 321, Topic 323, and Topic 815.” The ASU is based on a consensus of the Emerging Issues Task Force and is expected to increase comparability in accounting for these transactions. ASU 2016-01 made targeted improvements to accounting for financial instruments, including providing an entity the ability to measure certain equity securities without a readily determinable fair value at cost, less any impairment, plus or minus changes resulting from observable price changes in orderly transactions for the identical or a similar investment of the same issuer. Among other topics, the amendments clarify that an entity should consider observable transactions that require it to either apply or discontinue the equity method of accounting. For public business entities, the amendments in the ASU are effective for fiscal years beginning after December 15, 2020, and interim periods within those fiscal years. Early adoption is permitted. The Company does not expect the adoption of ASU 2020-01 to have a material impact on its consolidated financial statements. In March 2020, the Financial Accounting Standards Board (FASB) issued Accounting Standards Update (ASU) No. 2020-04 “Reference Rate Reform (Topic 848): Facilitation of the Effects of Reference Rate Reform on Financial Reporting.” These amendments provide temporary optional guidance to ease the potential burden in accounting for reference rate reform. The ASU provides optional expedients and exceptions for applying generally accepted accounting principles to contract modifications and hedging relationships, subject to meeting certain criteria, that reference LIBOR or another reference rate expected to be discontinued. It is intended to help stakeholders during the global market-wide reference rate transition period. The guidance is effective for all entities as of March 12, 2020 through December 31, 2022. The Company is monitoring developments into rates that may be acceptable alternatives to LIBOR and working with those we have a relationship with that could be impacted by a change in reference rate from LIBOR. The Company is assessing ASU 2020-04 and its impact on the Company’s transition away from LIBOR for its loan and other financial instruments. On March 12, 2020, the SEC finalized amendments to the definitions of its “accelerated filer” and “large accelerated filer” definitions. The amendments increase the threshold criteria for meeting these filer classifications and are effective on April 27, 2020. Any changes in filer status are to be applied beginning with the filer’s first annual report filed with the SEC subsequent to the effective date. The rule change expands the definition of “smaller reporting companies” to include entities with public float of less than $700 million and less than $100 million in annual revenues. The Company expects to meet this expanded category of smaller reporting company and should not be considered an accelerated filer. If the Company’s annual revenues exceed $100 million, its category will change to “accelerated filer”. The classifications of “accelerated filer” and “large accelerated filer” require a public company to obtain an auditor attestation concerning the effectiveness of internal control over financial reporting (ICFR) and include the opinion on ICFR in its annual report on Form 10-K. Smaller reporting companies also have additional time to file quarterly and annual financial statements. All public companies are required to obtain and file annual financial statement audits, as well as provide management’s assertion on effectiveness of internal control over financial reporting, but the external auditor attestation of internal control over financial reporting is not required for smaller reporting companies. The Company has total assets exceeding $1.0 billion and remains subject to Federal Deposit Insurance Corporation Improvement Act (“FDICIA”), which requires an auditor attestation concerning In March 2020 (Revised in April 2020), various regulatory agencies, including the Board of Governors of the Federal Reserve System and the Federal Deposit Insurance Corporation, (“the agencies”) issued an interagency statement on loan modifications and reporting for financial institutions working with customers affected by the Coronavirus pandemic. The interagency statement was effective immediately and impacted accounting for loan modifications. Under Accounting Standards Codification 310-40, “Receivables – Troubled Debt Restructurings by Creditors,” (“ASC 310-40”), a restructuring of debt constitutes a troubled debt restructuring (“TDR”) if the creditor, for economic or legal reasons related to the debtor’s financial difficulties, grants a concession to the debtor that it would not otherwise consider. The agencies confirmed with the staff of the FASB that short-term modifications made on a good faith basis in response to COVID-19 to borrowers who were current prior to any relief, are not to be considered TDRs. This includes short-term (e.g., six months) modifications such as payment deferrals, fee waivers, extensions of repayment terms, or other delays in payment that are insignificant. Borrowers considered current are those that are less than 30 days past due on their contractual payments at the time a modification program is implemented. This interagency guidance is expected to have a material impact on the Company’s financial statements as modifications were needed to ensure our borrowers had some relief; however, this impact cannot be quantified at this time.

Investment Securities (Tables)

Investment Securities (Tables)	6 Months Ended
	Jun. 30, 2020
Available For Sale Securities [Abstract]
Schedule of Investment Securities Available-for-Sale	Investment securities available-for-sale was comprised of the following: June 30, 2020 (Dollars in thousands) Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Fair Value U.S. Treasury Securities $ 50,000 $ — $ — $ 50,000 Collateralized Mortgage Backed 14,260 368 (2 ) 14,626 Subordinated Debt 2,500 23 (6 ) 2,517 Municipal Securities 16,749 1,075 (15 ) 17,809 U.S. Governmental Agencies 7,046 — (175 ) 6,871 Total $ 90,555 $ 1,466 $ (198 ) $ 91,823 Investment securities available-for-sale was comprised of the following: December 31, 2019 (Dollars in thousands) Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Fair Value U.S. Treasury Securities $ 49,999 $ — $ (1 ) $ 49,998 Collateralized Mortgage Backed 17,659 82 (68 ) 17,673 Subordinated Debt 2,500 55 (1 ) 2,554 Municipal Securities 13,888 743 — 14,631 U.S. Governmental Agencies 8,135 — (200 ) 7,935 Total $ 92,181 $ 880 $ (270 ) $ 92,791
Schedule of Investment Securities Held-to-Maturity	Investment securities held-to-maturity was comprised of the following: June 30, 2020 (Dollars in thousands) Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Fair Value Municipal Securities $ 22,343 $ 1,007 $ — $ 23,350 Subordinated Debt 1,500 — — 1,500 Total $ 23,843 $ 1,007 $ — $ 24,850 Investment securities held-to-maturity was comprised of the following: December 31, 2019 (Dollars in thousands) Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Fair Value Municipal Securities $ 22,414 $ 766 $ (2 ) $ 23,178 Subordinated Debt 1,500 — — 1,500 Total $ 23,914 $ 766 $ (2 ) $ 24,678
Schedule of Scheduled Maturities of Securities Available-for-Sale and Held-to-Maturity	The scheduled maturities of securities available-for-sale and held-to-maturity at June 30, 2020 were as follows: June 30, 2020 Available-for-Sale Held-to-Maturity (Dollars in thousands) Amortized Cost Fair Value Amortized Cost Fair Value Due in one year or less $ 50,002 $ 50,002 $ — $ — Due from one to five years — — 1,512 1,561 Due from after five to ten years 3,512 3,558 9,923 10,341 Due after ten years 37,041 38,263 12,408 12,948 Total $ 90,555 $ 91,823 $ 23,843 $ 24,850
Schedule of Unrealized Loss Positions of Securities Available-for-Sale and Held-to-Maturity	The following tables summarize the unrealized loss positions of securities available-for-sale and held-to-maturity as of June 30, 2020 and December 31, 2019: June 30, 2020 Less than 12 Months 12 Months or Longer Total (Dollars in thousands) Fair Value Unrealized Loss Fair Value Unrealized Loss Fair Value Unrealized Loss Available-for-sale: Collateralized Mortgage Backed $ 51 $ (2 ) $ — $ — $ 51 $ (2 ) Subordinated Debt 1,994 (6 ) — — 1,994 (6 ) Municipal securities 725 (15 ) — — 725 (15 ) U.S Governmental Agencies — — 6,852 (175 ) 6,852 (175 ) Total $ 2,770 $ (23 ) $ 6,852 $ (175 ) $ 9,622 $ (198 ) December 31, 2019 Less than 12 Months 12 Months or Longer Total (Dollars in thousands) Fair Value Unrealized Loss Fair Value Unrealized Loss Fair Value Unrealized Loss Available-for-sale: U.S. Treasury Securities $ 49,998 $ (1 ) $ — $ — $ 49,998 $ (1 ) Collateralized Mortgage Backed 6,223 (67 ) 834 (1 ) 7,057 (68 ) Subordinated Debt 499 (1 ) — — 499 (1 ) U.S Government Agencies — — 7,857 (200 ) 7,857 (200 ) Total $ 56,720 $ (69 ) $ 8,691 $ (201 ) $ 65,411 $ (270 ) Held-to-maturity: Municipal Securities $ 537 $ (2 ) $ — $ — $ 537 $ (2 ) Total $ 537 $ (2 ) $ — $ — $ 537 $ (2 )

Loans Receivable (Tables)

Loans Receivable (Tables)	6 Months Ended
	Jun. 30, 2020
Receivables [Abstract]
Schedule of Loan Receivable	Loans receivable were comprised of the following: (Dollars in thousands) June 30, 2020 December 31, 2019 Residential Real Estate: Single family $ 138,388 $ 143,535 Multifamily 32,151 6,512 Farmland 872 801 Commercial Real Estate: Owner-occupied 136,222 134,116 Non-owner occupied 361,057 287,754 Construction and Land Development 283,971 272,620 Commercial – Non Real-Estate: Commercial & Industrial 268,290 121,225 Consumer – Non Real-Estate: Unsecured 274 599 Secured 59,277 74,984 Total Gross Loans 1,280,502 1,042,146 Less: unearned fees (7,753 ) (2,118 ) Less: unamortized discount on consumer secured loans (6 ) (19 ) Less: allowance for loan losses (13,731 ) (9,584 ) Net Loans $ 1,259,012 $ 1,030,425
Schedule of Allowance for Credit Losses by Portfolio Segment	The following tables summarize the activity in the allowance for loan losses by loan class for the three and six months ended June 30, 2020 and 2019. Allowance for Credit Losses By Portfolio Segment Real Estate For the three months ended June 30, 2020 Residential Commercial Construction Consumer Commercial Total (Dollars in thousands) Beginning Balance $ 1,001 $ 4,530 $ 2,288 $ 525 $ 1,554 $ 9,898 Charge-offs — — — — (1,746 ) (1,746 ) Recoveries — — — — 4 4 Provision 83 2,493 585 805 1,609 5,575 Ending Balance $ 1,084 $ 7,023 $ 2,873 $ 1,330 $ 1,421 $ 13,731 Ending Balance: Individually evaluated for Impairment $ — $ — $ — $ — $ 1 $ 1 Collectively evaluated for Impairment $ 1,084 $ 7,023 $ 2,873 $ 1,330 $ 1,420 $ 13,730 For the six months ended June 30, 2020 Beginning Balance $ 1,030 $ 4,254 $ 2,180 $ 568 $ 1,552 $ 9,584 Charge-offs — (1 ) — — (1,793 ) (1,794 ) Recoveries — — — 3 13 16 Provision 54 2,770 693 759 1,649 5,925 Ending Balance $ 1,084 $ 7,023 $ 2,873 $ 1,330 $ 1,421 $ 13,731 Ending Balance: Individually evaluated for Impairment $ — $ — $ — $ — $ 1 $ 1 Collectively evaluated for Impairment $ 1,084 $ 7,023 $ 2,873 $ 1,330 $ 1,420 $ 13,730 Real Estate For the three months ended June 30, 2019 Residential Commercial Construction Consumer Commercial Total (Dollars in thousands) Beginning Balance $ 1,101 $ 4,438 $ 1,535 $ 861 $ 1,254 $ 9,189 Charge-offs — (733 ) — (22 ) — (755 ) Recoveries — — — 1 — 1 Provision 119 321 154 67 89 750 Ending Balance $ 1,220 $ 4,026 $ 1,689 $ 907 $ 1,343 $ 9,185 Ending Balance: Individually evaluated for Impairment $ — $ — $ — $ — $ — $ — Collectively evaluated for Impairment $ 1,220 $ 4,026 $ 1,689 $ 907 $ 1,343 $ 9,185 For the six months ended June 30, 2019 Beginning Balance $ 1,019 $ 4,299 $ 1,469 $ 826 $ 1,218 $ 8,831 Charge-offs — (733 ) — (22 ) — (755 ) Recoveries 30 — — 4 — 34 Provision 171 460 220 99 125 1,075 Ending Balance $ 1,220 $ 4,026 $ 1,689 $ 907 $ 1,343 $ 9,185 Ending Balance: Individually evaluated for Impairment $ — $ — $ — $ — $ — $ — Collectively evaluated for Impairment $ 1,220 $ 4,026 $ 1,689 $ 907 $ 1,343 $ 9,185
Schedule of Investment in Loans Receivable by Loan Class	The following tables summarize information in regards to the recorded investment in loans receivable by loan class as of June 30, 2020 and December 31, 2019: June 30, 2020 Loans Receivable (Dollars in thousands) Ending Balance Ending Balance: Individually Evaluated for Impairment Ending Balance: Collectively Evaluated for Impairment Residential Real Estate $ 171,411 $ 305 $ 171,106 Commercial Real Estate 497,279 1,097 496,182 Construction and Land Development 283,971 — 283,971 Commercial & Industrial 268,290 524 267,766 Consumer 59,551 123 59,428 Total $ 1,280,502 $ 2,049 $ 1,278,453 December 31, 2019 Loans Receivable (Dollars in thousands) Ending Balance Ending Balance: Individually Evaluated for Impairment Ending Balance: Collectively Evaluated for Impairment Residential Real Estate $ 150,848 $ 1,482 $ 149,366 Commercial Real Estate 421,870 — 421,870 Construction and Land Development 272,620 — 272,620 Commercial & Industrial 121,225 — 121,225 Consumer 75,583 — 75,583 Total $ 1,042,146 $ 1,482 $ 1,040,664
Schedule of Impaired Loan	The following table summarizes information in regard to impaired loans by loan portfolio class as of June 30, 2020 and December 31, 2019: June 30, 2020 December 31, 2019 (Dollars in thousands) Recorded Investment Unpaid Principal Balance Related Allowance Recorded Investment Unpaid Principal Balance Related Allowance With no related allowance recorded Residential Real Estate: Single family $ 305 $ 305 $ — $ 1,482 $ 1,482 $ — Commercial Real Estate Non-owner Occupied 1,097 1,097 — — — — Commercial & Industrial 461 461 — — — — Consumer Secured 123 123 — — — — 1,986 1,986 — 1,482 1,482 — With an allowance recorded Commercial & Industrial $ 63 $ 63 $ 1 $ — $ — $ — Total $ 2,049 $ 2,049 $ 1 $ 1,482 $ 1,482 $ — The following table presents additional information regarding the impaired loans for the three and six months ended June 30, 2020 and 2019: Three Months Ended June 30, 2020 2019 (Dollars in thousands) Average Record Investment Interest Income Recognized Average Record Investment Interest Income Recognized With no related allowance recorded Residential Real Estate: Single family $ 306 $ 3 $ 1,498 $ 15 Commercial Real Estate Non-owner Occupied 1,098 — — — Commercial & Industrial 460 9 — — Consumer Secured 134 4 — — Total 1,998 16 1,498 15 With an allowance recorded Commercial & Industrial $ 64 $ 1 $ — $ — Total $ 2,062 $ 17 $ 1,498 $ 15 Six Months Ended June 30, 2020 2019 (Dollars in thousands) Average Record Investment Interest Income Recognized Average Record Investment Interest Income Recognized With no related allowance recorded Residential Real Estate: Single family $ 307 $ 6 $ 1,502 $ 30 Commercial Real Estate Non-owner Occupied 1,099 17 — — Commercial & Industrial 460 9 — — Consumer Secured 137 4 — — Total 2,003 36 1,502 30 With an allowance recorded Commercial & Industrial $ 66 $ 1 $ — $ — Total $ 2,069 $ 37 $ 1,502 $ 30
Schedule of Nonaccrual Loans by Classes of the Loan Portfolio	The following table presents nonaccrual loans by classes of the loan portfolio as of June 30, 2020 and December 31, 2019: (Dollars in thousands) June 30, 2020 December 31, 2019 Residential Real Estate Single family $ 150 $ — Commercial Real Estate Non-owner occupied 1,097 — Consumer Secured 58 — Total $ 1,305 $ —
Schedule of Financing Receivable Credit Quality Indicators	The following tables summarize the aggregate Pass and criticized categories of Watch, Special Mention, and Substandard within the Company’s internal risk rating system as of June 30, 2020 and December 31, 2019: June 30, 2020 (Dollars in thousands) Pass Watch Special Mention Substandard Total Residential Real Estate: Single Family $ 137,872 $ — $ — $ 516 $ 138,388 Multifamily 32,151 — — — 32,151 Farmland 872 — — — 872 Commercial Real Estate: Owner occupied 136,222 — — — 136,222 Non-owner occupied 359,960 — — 1,097 361,057 Construction & Land Development 283,971 — — — 283,971 Commercial – Non Real Estate: Commercial & Industrial 261,979 2,691 2,750 870 268,290 Consumer – Non Real Estate: Unsecured 274 — — — 274 Secured 59,096 — — 181 59,277 Total $ 1,272,397 $ 2,691 $ 2,750 $ 2,664 $ 1,280,502 December 31, 2019 (Dollars in thousands) Pass Watch Special Mention Substandard Total Residential Real Estate: Single Family $ 143,019 $ — $ — $ 516 $ 143,535 Multifamily 6,512 — — — 6,512 Farmland 801 — — — 801 Commercial Real Estate: Owner occupied 133,966 — — 150 134,116 Non-owner occupied 287,754 — — — 287,754 Construction & Land Development 272,620 — — — 272,620 Commercial – Non Real Estate: Commercial & Industrial 109,106 3,772 $ 5,685 2,662 121,225 Consumer – Non Real Estate: Unsecured 599 — — — 599 Secured 74,984 — — — 74,984 Total $ 1,029,361 $ 3,772 $ 5,685 $ 3,328 $ 1,042,146
Schedule of Aging of Past Due	The following tables present the segments of the loan portfolio summarized by aging categories as of June 30, 2020 and December 31, 2019: June 30, 2020 (Dollars in thousands) 30-59 Days Past Due 60-89 Days Past Due Greater than 90 Days Total Past Due Current Total Loans Receivable Nonaccrual Residential Real Estate: Single Family $ — $ 150 $ — $ 150 $ 138,088 $ 138,388 $ 150 Multifamily — — — — 32,151 32,151 — Farmland — — — — 872 872 — Commercial Real Estate: Owner occupied — — — — 136,222 136,222 — Non-owner occupied — — — — 359,960 361,057 1,097 Construction & Land Development — — — — 283,971 283,971 — Commercial – Non Real Estate: Commercial & Industrial — — — — 268,290 268,290 — Consumer – Non Real Estate: Unsecured — — — — 274 274 — Secured 24 — 58 82 59,137 59,277 58 Total $ 24 $ 150 $ 58 $ 232 $ 1,278,965 $ 1,280,502 $ 1,305 December 31, 2019 (Dollars in thousands) 30-59 Days Past Due 60-89 Days Past Due Greater than 90 Days Total Past Due Current Total Loans Receivable Nonaccrual Residential Real Estate: Single Family $ — $ — $ — $ — $ 143,535 $ 143,535 $ — Multifamily — — — — 6,512 6,512 — Farmland — — — — 801 801 — Commercial Real Estate: Owner occupied — 150 — 150 133,966 134,116 — Non-owner occupied — — — — 287,754 287,754 — Construction & Land Development — — — — 272,620 272,620 — Commercial – Non Real Estate: Commercial & Industrial — — — — 121,225 121,225 — Consumer – Non Real Estate: Unsecured — — — — 599 599 — Secured 124 — — 124 74,860 74,984 — Total $ 124 $ 150 $ — $ 274 $ 1,041,872 $ 1,042,146 $ —
Summary of Troubled Debt Restructurings	The following table details the Company’s TDRs that are on accrual status and non-accrual status at June 30, 2020: As of June 30, 2020 (Dollars in thousands) Number Of Loans Accrual Status Non- Accrual Status Total TDRs Total — $ — $ — $ — The following table details the Company’s TDRs that are on accrual status and non-accrual status at December 31, 2019: As of December 31, 2019 (Dollars in thousands) Number Of Loans Accrual Status Non- Accrual Status Total TDRs Residential Real Estate 1 $ 1,482 $ — $ 1,482 Total 1 $ 1,482 $ — $ 1,482

Derivatives and Risk Manageme_2

Derivatives and Risk Management Activities (Tables)	6 Months Ended
	Jun. 30, 2020
Derivative Instruments And Hedging Activities Disclosure [Abstract]
Schedule of Derivative Instruments	The following tables summarize key elements of the Banks’s derivative instruments as of June 30, 2020 and December 31, 2019. June 30, 2020 Customer-related interest rate contracts Dollars in thousands) Notional Amount Positions Assets Liabilities Collateral Pledges Matched interest rate swap with borrower $ 108,880 23 $ 12,739 — $ 12,810 Matched interest rate swap with counterparty $ 108,880 23 — $ 12,739 $ 12,810 December 31, 2019 Customer-related interest rate contracts Dollars in thousands) Notional Amount Positions Assets Liabilities Collateral Pledges Matched interest rate swap with borrower $ 71,860 12 $ 4,039 — $ 6,400 Matched interest rate swap with counterparty $ 71,860 12 — $ 4,039 $ 6,400

Fair Value Presentation (Tables

Fair Value Presentation (Tables)	6 Months Ended
	Jun. 30, 2020
Fair Value Disclosures [Abstract]
Schedule of Fair Value Assets Measured on Recurring Basis	The following tables provide the fair value for assets required to be measured and reported at fair value on a recurring basis as of June 30, 2020 and December 31, 2019: June 30, 2020 (Dollars in thousands) Level 1 Level 2 Level 3 Total Assets: Investment securities available-for-sale: U.S. Treasury Securities $ — $ 50,000 $ — $ 50,000 Collateralized Mortgage Backed — 14,626 — 14,626 Subordinated Debt — 2,517 — 2,517 Municipal Securities — 17,809 — 17,809 U.S. Government Agencies — 6,871 — 6,871 Derivative asset – interest rate swap on loans — 12,739 — 12,739 Total $ — $ 104,562 $ — $ 104,562 Liabilities: Derivative liability – interest rate swap on loans — 12,739 — 12,739 Total $ — $ 12,739 $ — $ 12,739 December 31, 2019 (Dollars in thousands) Level 1 Level 2 Level 3 Total Assets: Investment securities available-for-sale: U.S. Treasury Securities $ — $ 49,998 $ — $ 49,998 Collateralized Mortgage Backed — 17,673 — 17,673 Subordinated Debt — 2,554 — 2,554 Municipal Securities — 14,631 — 14,631 U.S. Government Agencies — 7,935 — 7,935 Derivative asset – interest rate swap on loans — 4,039 — 4,039 Total $ — $ 96,830 $ — $ 96,830 Liabilities: Derivative liability – interest rate swap on loans — 4,039 — 4,039 Total $ — $ 4,039 $ — $ 4,039
Schedule of Financial Assets Measured at Fair Value on a Nonrecurring Basis	The following table summarizes the value of the Bank’s assets as of June 30, 2020 and December 31, 2019 that were measured at fair value on a nonrecurring basis during the period: June 30, 2020 (Dollars in thousands) Level 1 Level 2 Level 3 Total Assets: Impaired Loans Commercial & Industrial $ — $ — $ 62 $ 62 Other Real Estate Owned — — 1,175 1,175 Total $ — $ — $ 1,237 $ 1,237 December 31, 2019 (Dollars in thousands) Level 1 Level 2 Level 3 Total Assets: Other Real Estate Owned $ — $ — $ 1,207 $ 1,207 Total $ — $ — $ 1,207 $ 1,207
Schedule of Quantitative Information about Level 3 Fair Value Measurements for Financial Assets Measured at Fair Value on Nonreoccuring Basis	The following table summarizes the value of the Bank’s assets as of June 30, 2020 that were measured at fair value on a nonrecurring basis during the period: Fair Value Measurements at June 30, 2020 (Dollars in thousands) Fair Value Valuation Technique(s) Unobservable Inputs Range of Inputs Impaired Loans, net $ 62 Appraisals/Discounted Cash Flows Discount to reflect current market conditions or cash flows and estimated selling costs. 3% - 10% Other Real Estate Owned, net $ 1,175 Appraisals Discount to reflect current market conditions and estimated selling costs. 6% - 10% Total $ 1,237
Schedule of Carrying Amounts and Estimated Fair Values of Financial Instruments	The following tables reflect the carrying amounts and estimated fair values of the Company’s financial instruments whether or not recognized on the Consolidated Balance Sheets at fair value. June 30, 2020 Carrying Estimated Quoted Prices in Active Markets for Identical Assets Significant Other Observable Inputs Significant Unobservable Inputs (Dollars in thousands) Amount Fair Value Level 1 Level 2 Level 3 Assets: Cash and due from banks $ 55,273 $ 55,273 $ 55,273 $ — $ — Restricted equity securities 5,041 5,041 — 5,041 — Securities: Available for sale 91,823 91,823 — 91,823 — Held to maturity 23,843 24,850 — 24,850 — Loans, net 1,259,012 1,270,726 — — 1,270,726 Derivative asset – interest rate swap on loans 12,739 12,739 — 12,739 — Bank owned life insurance 24,959 24,959 — 24,959 — Accrued interest receivable 6,928 6,928 — 6,928 — Liabilities: Deposits $ 1,342,332 $ 1,356,997 $ — $ 804,492 $ 552,505 Advances from the FHLB 10,000 10,000 — 10,000 — Derivative liability – interest rate swaps on loans 12,739 12,739 — 12,739 — Accrued interest payable 764 764 — 764 — December 31, 2019 Carrying Estimated Quoted Prices in Active Markets for Identical Assets Significant Other Observable Inputs Significant Unobservable Inputs (Dollars in thousands) Amount Fair Value Level 1 Level 2 Level 3 Assets: Cash and due from banks $ 53,376 $ 53,376 $ 53,376 $ — $ — Restricted equity securities 6,157 6,157 — 6,157 — Securities: Available for sale 92,791 92,791 — 92,791 — Held to maturity 23,914 24,678 — 24,678 — Loans, net 1,030,425 1,048,181 — — 1,048,181 Derivative asset – interest rate swap on loans 4,039 4,039 — 4,039 — Bank owned life insurance 24,562 24,562 — 24,562 — Accrued interest receivable 4,282 4,282 — 4,282 — Liabilities: Deposits $ 1,071,623 $ 1,079,011 $ — $ 510,766 $ 568,245 Advances from the FHLB 40,000 39,998 — 39,998 — Derivative liability – interest rate swaps on loans 4,039 4,039 — 4,039 — Accrued interest payable 982 982 — 982 —

Earnings (Losses) Per Common _2

Earnings (Losses) Per Common Share (Tables)	6 Months Ended
	Jun. 30, 2020
Earnings Per Share [Abstract]
Schedule of Earnings Per Share Basic and Diluted	For the Three Months Ended June 30, For the Six Months Ended June 30, (Dollars in thousands, except for per share data) 2020 2019 2020 2019 Net income (loss) $ (634 ) $ 3,431 $ 2,836 $ 6,678 Weighted average number of shares issued, basic and diluted 8,263,370 8,250,210 8,275,344 8,246,562 Net income (loss) per share: Basic and diluted income (loss) per share $ (0.08 ) $ 0.42 $ 0.34 $ 0.81

Accumulated Other Comprehensi_2

Accumulated Other Comprehensive Income (Tables)	6 Months Ended
	Jun. 30, 2020
Equity [Abstract]
Components of Accumulated Other Comprehensive Income	The following table presents the cumulative balances of the components of accumulated other comprehensive income, net of deferred taxes, as of June 30, 2020 and December 31, 2019: June 30, 2020 December 31, 2019 Unrealized gain on securities $ 1,268 $ 609 Unrealized loss on securities transferred to HTM (69 ) (81 ) Securities gains included in net income — 5 Tax effect (245 ) (110 ) Total accumulated other comprehensive income $ 954 $ 423

Leases (Tables)

Leases (Tables)	6 Months Ended
	Jun. 30, 2020
Leases [Abstract]
Schedule of Leases Cost	As of June 30, (Dollars in thousands) 2020 Lease liabilities $ 6,764 Right-of-use assets $ 6,386 Weighted-average remaining lease term – operating leases (in months). 193.6 Weighted-average discount rate – operating leases 3.12 % For the six months ended June 30, (Dollars in thousands) 2020 Lease Cost Operating lease cost $ 147 Total lease costs $ 147 Cash paid for amounts included in measurement of lease liabilities $ 92
Schedule of Maturity Analysis of Annual Undiscounted Cash Flows of Operating Lease Liabilities	A maturity analysis of operating lease liabilities and reconciliation of the undiscounted cash flows to the total of operating lease liabilities as of June 30, 2020 is as follows: (Dollars in thousands) 2020 $ 260 2021 529 2022 542 2023 556 2024 571 Thereafter 6,076 Total undiscounted cash flows $ 8,534 Discount (1,770 ) Lease liabilities $ 6,764

Organization, Basis of Presen_3

Organization, Basis of Presentation and Recent Accounting Pronouncements - Additional Information (Detail)	3 Months Ended		6 Months Ended		12 Months Ended
	Jun. 30, 2020USD ($)$ / sharesshares	Jun. 30, 2019shares	Jun. 30, 2020USD ($)$ / sharesshares	Jun. 30, 2019shares	Dec. 31, 2019USD ($)SecurityLoan$ / sharesshares
Organization Consolidation And Presentation Of Financial Statements [Line Items]
Common stock, shares authorized | shares	10,000,000		10,000,000		10,000,000
Common stock, par value | $ / shares	$ 4		$ 4		$ 4
Preferred stock, shares authorized | shares	2,000,000		2,000,000		2,000,000
Preferred stock, par value | $ / shares	$ 1		$ 1		$ 1
Preferred stock, shares outstanding | shares	0		0		0
Investment securities held-to-maturity	$ 23,843,000		$ 23,843,000		$ 23,914,000
Unamortized unrealized loss			$ (67,957)		(81,076)
Federal reserve bank stock percentage			6.00%
Minimum required percentage of Federal Reserve Bank stock to be maintained of outstanding borrowings			4.50%
Minimum required percentage of Federal Reserve Bank stock to be maintained of total assets	0.20%		0.20%
Impairment of investments			$ 0		0
Troubled debt restructuring, impaired loans	$ 0		$ 0		$ 1,482,000
Number of loans | SecurityLoan					1
Tax benefit realization threshold			50.00%
Unrecognized tax benefits, Income tax penalties and interest accrued	$ 0		$ 0		$ 0
Number of shares of stock options granted | shares			0		0
Weighted average number of shares outstanding | shares	8,263,370	8,250,210	8,275,344	8,246,562
Options outstanding | shares	0		0		0
Minimum [Member]
Organization Consolidation And Presentation Of Financial Statements [Line Items]
Property, plant and equipment, useful life			3 years
Maximum [Member]
Organization Consolidation And Presentation Of Financial Statements [Line Items]
Property, plant and equipment, useful life			39 years
Federal Reserve Bank [Member]
Organization Consolidation And Presentation Of Financial Statements [Line Items]
Restricted equity securities	$ 3,300,000		$ 3,300,000		$ 3,300,000
Federal Home Loan Bank of Atlanta [Member]
Organization Consolidation And Presentation Of Financial Statements [Line Items]
Restricted equity securities	1,600,000		1,600,000		2,700,000
Community Bankers Bank Stock [Member]
Organization Consolidation And Presentation Of Financial Statements [Line Items]
Restricted equity securities	$ 126,800		$ 126,800		$ 126,800

Investment Securities - Schedul

Investment Securities - Schedule of Investment Securities Available-for-Sale (Detail) - USD ($) $ in Thousands	Jun. 30, 2020	Dec. 31, 2019
Debt Securities, Available-for-sale [Line Items]
Amortized Cost	$ 90,555	$ 92,181
Gross Unrealized Gains	1,466	880
Gross Unrealized Losses	(198)	(270)
Fair Value	91,823	92,791
U.S. Treasury Securities [Member]
Debt Securities, Available-for-sale [Line Items]
Amortized Cost	50,000	49,999
Gross Unrealized Losses		(1)
Fair Value	50,000	49,998
Collateralized Mortgage Backed [Member]
Debt Securities, Available-for-sale [Line Items]
Amortized Cost	14,260	17,659
Gross Unrealized Gains	368	82
Gross Unrealized Losses	(2)	(68)
Fair Value	14,626	17,673
Subordinated Debt [Member]
Debt Securities, Available-for-sale [Line Items]
Amortized Cost	2,500	2,500
Gross Unrealized Gains	23	55
Gross Unrealized Losses	(6)	(1)
Fair Value	2,517	2,554
Municipal Securities [Member]
Debt Securities, Available-for-sale [Line Items]
Amortized Cost	16,749	13,888
Gross Unrealized Gains	1,075	743
Gross Unrealized Losses	(15)
Fair Value	17,809	14,631
U.S Government Agencies [Member]
Debt Securities, Available-for-sale [Line Items]
Amortized Cost	7,046	8,135
Gross Unrealized Losses	(175)	(200)
Fair Value	$ 6,871	$ 7,935

Investment Securities - Sched_2

Investment Securities - Schedule of Investment Securities Held-to-Maturity (Detail) - USD ($) $ in Thousands	Jun. 30, 2020	Dec. 31, 2019
Schedule of Held-to-maturity Securities [Line Items]
Amortized Cost	$ 23,843	$ 23,914
Gross Unrealized Gains	1,007	766
Gross Unrealized Losses		(2)
Fair Value	24,850	24,678
Municipal Securities [Member]
Schedule of Held-to-maturity Securities [Line Items]
Amortized Cost	22,343	22,414
Gross Unrealized Gains	1,007	766
Gross Unrealized Losses		(2)
Fair Value	23,350	23,178
Subordinated Debt [Member]
Schedule of Held-to-maturity Securities [Line Items]
Amortized Cost	1,500	1,500
Fair Value	$ 1,500	$ 1,500

Investment Securities - Sched_3

Investment Securities - Schedule of Scheduled Maturities of Securities Available-for-Sale and Held-to-Maturity (Detail) - USD ($) $ in Thousands	Jun. 30, 2020	Dec. 31, 2019
Available-for-Sale, Amortized Cost
Due in one year or less	$ 50,002
Due from after five to ten years	3,512
Due after ten years	37,041
Amortized Cost	90,555	$ 92,181
Available-for-Sale, Fair Value
Due in one year or less	50,002
Due from after five to ten years	3,558
Due after ten years	38,263
Total	91,823	92,791
Held-to-Maturity, Amortized Cost
Due from one to five years	1,512
Due from after five to ten years	9,923
Due after ten years	12,408
Amortized Cost	23,843	23,914
Held-to-Maturity, Fair Value
Due from one to five years	1,561
Due from after five to ten years	10,341
Due after ten years	12,948
Total	$ 24,850	$ 24,678

Investment Securities - Additio

Investment Securities - Additional Information (Detail)	3 Months Ended	6 Months Ended		12 Months Ended
	Jun. 30, 2019USD ($)	Jun. 30, 2020USD ($)Security	Jun. 30, 2019USD ($)Security	Dec. 31, 2019USD ($)Security
Net Investment Income [Line Items]
Securities pledged as collateral		$ 269,918		$ 267,899
Number of securities sold | Security		0	7
Number of securities sold for loss | Security				4
Debt securities realized loss				$ 18,000
Number of securities sold for gain | Security				3
Debt securities realized gain				$ 23,000
Debt securities realized net of gain	$ 5,000		$ 5,000	5,000
Held-to-maturity unrealized loss position, fair value				537,000
Unamortized unrealized loss		$ (67,957)		(81,076)
Collateralized Mortgage Backed [Member]
Net Investment Income [Line Items]
Number of securities temporarily impaired and unrealized loss position of less than 12 months		1
Available for sale securities, temporarily impaired and unrealized loss position of less than 12 months, fair value		$ 51,000
Number of securities temporarily impaired and unrealized loss position of more than 12 months		2
Available for sale securities, temporarily impaired and unrealized loss position of more than 12 months, fair value		$ 2,000,000
U.S Government Agencies [Member]
Net Investment Income [Line Items]
Number of securities temporarily impaired and unrealized loss position of more than 12 months		9
Available for sale securities, temporarily impaired and unrealized loss position of more than 12 months, fair value		$ 6,900,000
Municipal Securities [Member]
Net Investment Income [Line Items]
Number of securities temporarily impaired and unrealized loss position of more than 12 months		1
Available for sale securities, temporarily impaired and unrealized loss position of more than 12 months, fair value		$ 725,000
Held-to-maturity unrealized loss position, fair value		$ 0		$ 537,000

Investment Securities - Sched_4

Investment Securities - Schedule of Unrealized Loss Positions of Securities Available-for-Sale and Held-to-Maturity (Detail) - USD ($)	Jun. 30, 2020	Dec. 31, 2019
Investment Securities [Line Items]
Available-for-sale securities, Less than 12 Months, Fair Value	$ 2,770,000	$ 56,720,000
Available-for-sale securities, Less than 12 Months, Unrealized Loss	(23,000)	(69,000)
Available-for-sale securities, 12 Months or Longer, Fair Value	6,852,000	8,691,000
Available-for-sale securities, 12 Months or Longer, Unrealized Loss	(175,000)	(201,000)
Available-for-sale securities, Fair Value	9,622,000	65,411,000
Available-for-sale securities, Unrealized Loss	(198,000)	(270,000)
Held-to-maturity securities, Less than 12 Months, Fair Value		537,000
Held-to-maturity securities, Less than 12 Months, Unrealized Loss		(2,000)
Held-to-maturity securities, Fair Value		537,000
Held-to-maturity securities, Unrealized Loss		(2,000)
U.S. Treasury Securities [Member]
Investment Securities [Line Items]
Available-for-sale securities, Less than 12 Months, Fair Value		49,998,000
Available-for-sale securities, Less than 12 Months, Unrealized Loss		(1,000)
Available-for-sale securities, Fair Value		49,998,000
Available-for-sale securities, Unrealized Loss		(1,000)
Collateralized Mortgage Backed [Member]
Investment Securities [Line Items]
Available-for-sale securities, Less than 12 Months, Fair Value	51,000	6,223,000
Available-for-sale securities, Less than 12 Months, Unrealized Loss	(2,000)	(67,000)
Available-for-sale securities, 12 Months or Longer, Fair Value		834,000
Available-for-sale securities, 12 Months or Longer, Unrealized Loss		(1,000)
Available-for-sale securities, Fair Value	51,000	7,057,000
Available-for-sale securities, Unrealized Loss	(2,000)	(68,000)
Municipal Securities [Member]
Investment Securities [Line Items]
Available-for-sale securities, Less than 12 Months, Fair Value	725,000
Available-for-sale securities, Less than 12 Months, Unrealized Loss	(15,000)
Available-for-sale securities, Fair Value	725,000
Available-for-sale securities, Unrealized Loss	(15,000)
Held-to-maturity securities, Less than 12 Months, Fair Value		537,000
Held-to-maturity securities, Less than 12 Months, Unrealized Loss		(2,000)
Held-to-maturity securities, Fair Value	0	537,000
Held-to-maturity securities, Unrealized Loss		(2,000)
Subordinated Debt [Member]
Investment Securities [Line Items]
Available-for-sale securities, Less than 12 Months, Fair Value	1,994,000	499,000
Available-for-sale securities, Less than 12 Months, Unrealized Loss	(6,000)	(1,000)
Available-for-sale securities, Fair Value	1,994,000	499,000
Available-for-sale securities, Unrealized Loss	(6,000)	(1,000)
U.S Government Agencies [Member]
Investment Securities [Line Items]
Available-for-sale securities, 12 Months or Longer, Fair Value	6,852,000	7,857,000
Available-for-sale securities, 12 Months or Longer, Unrealized Loss	(175,000)	(200,000)
Available-for-sale securities, Fair Value	6,852,000	7,857,000
Available-for-sale securities, Unrealized Loss	$ (175,000)	$ (200,000)

Loans Receivable - Schedule of

Loans Receivable - Schedule of Loan Receivable (Detail) - USD ($) $ in Thousands	Jun. 30, 2020	Dec. 31, 2019
Loans and Leases Receivable Disclosure [Line Items]
Total Gross Loans	$ 1,280,502	$ 1,042,146
Less: unearned fees	(7,753)	(2,118)
Less: unamortized discount on consumer secured loans	(6)	(19)
Less: allowance for loan losses	(13,731)	(9,584)
Net Loans	1,259,012	1,030,425
Single Family [Member]
Loans and Leases Receivable Disclosure [Line Items]
Total Gross Loans	138,388	143,535
Residential Real Estate Multi Family [Member]
Loans and Leases Receivable Disclosure [Line Items]
Total Gross Loans	32,151	6,512
Residential Real Estate Farm Land [Member]
Loans and Leases Receivable Disclosure [Line Items]
Total Gross Loans	872	801
Owner Occupied [Member]
Loans and Leases Receivable Disclosure [Line Items]
Total Gross Loans	136,222	134,116
Non Owner Occupied [Member]
Loans and Leases Receivable Disclosure [Line Items]
Total Gross Loans	361,057	287,754
Commercial Real Estate Construction Land Development Loan [Member]
Loans and Leases Receivable Disclosure [Line Items]
Total Gross Loans	283,971	272,620
Commercial & Industrial [Member]
Loans and Leases Receivable Disclosure [Line Items]
Total Gross Loans	268,290	121,225
Unsecured [Member]
Loans and Leases Receivable Disclosure [Line Items]
Total Gross Loans	274	599
Secured [Member]
Loans and Leases Receivable Disclosure [Line Items]
Total Gross Loans	$ 59,277	$ 74,984

Loans Receivable - Additional I

Loans Receivable - Additional Information (Detail) - USD ($)	6 Months Ended		12 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Dec. 31, 2019
Loans and Leases Receivable Disclosure [Line Items]
Unsecured consumer loan include overdrafts reclassified as loans	$ 274,000		$ 599,000
Total Gross Loans	1,280,502,000		1,042,146,000
Bank held loans for sale	0		0
Interest income on nonaccural loans, accrued	41,290	$ 0
TDRs totaling	0		1,482,000
Commercial & Industrial [Member]
Loans and Leases Receivable Disclosure [Line Items]
Total Gross Loans	268,290,000		121,225,000
Commercial & Industrial [Member] | Small Business Administration (SBA), CARES Act, Paycheck Protection Program [Member]
Loans and Leases Receivable Disclosure [Line Items]
Total Gross Loans	$ 171,600,000		$ 0

Loans Receivable - Schedule o_2

Loans Receivable - Schedule of Allowance for Credit losses by Portfolio Segment (Detail) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Financing Receivable, Allowance for Credit Losses [Line Items]
Beginning Balance	$ 9,898	$ 9,189	$ 9,584	$ 8,831
Charge-offs	(1,746)	(755)	(1,794)	(755)
Recoveries	4	1	16	34
Provision	5,575	750	5,925	1,075
Ending Balance	13,731	9,185	13,731	9,185
Individually evaluated for Impairment	1		1
Collectively evaluated for Impairment	13,730	9,185	13,730	9,185
Residential Portfolio Segment [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Beginning Balance	1,001	1,101	1,030	1,019
Recoveries				30
Provision	83	119	54	171
Ending Balance	1,084	1,220	1,084	1,220
Collectively evaluated for Impairment	1,084	1,220	1,084	1,220
Commercial Real Estate Portfolio Segment [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Beginning Balance	4,530	4,438	4,254	4,299
Charge-offs		(733)	(1)	(733)
Provision	2,493	321	2,770	460
Ending Balance	7,023	4,026	7,023	4,026
Collectively evaluated for Impairment	7,023	4,026	7,023	4,026
Construction Development And Land [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Beginning Balance	2,288	1,535	2,180	1,469
Provision	585	154	693	220
Ending Balance	2,873	1,689	2,873	1,689
Collectively evaluated for Impairment	2,873	1,689	2,873	1,689
Consumer Portfolio Segment [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Beginning Balance	525	861	568	826
Charge-offs		(22)		(22)
Recoveries		1	3	4
Provision	805	67	759	99
Ending Balance	1,330	907	1,330	907
Collectively evaluated for Impairment	1,330	907	1,330	907
Commercial Portfolio Segment [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Beginning Balance	1,554	1,254	1,552	1,218
Charge-offs	(1,746)		(1,793)
Recoveries	4		13
Provision	1,609	89	1,649	125
Ending Balance	1,421	1,343	1,421	1,343
Individually evaluated for Impairment	1		1
Collectively evaluated for Impairment	$ 1,420	$ 1,343	$ 1,420	$ 1,343

Loans Receivable - Schedule o_3

Loans Receivable - Schedule of Investment in Loans Receivable by Loan Class (Detail) - USD ($) $ in Thousands	Jun. 30, 2020	Dec. 31, 2019
Schedule Of Financial Receivables [Line Items]
Loan Receivable Ending Balance	$ 1,280,502	$ 1,042,146
Loan Receivable Ending Balance: Individually Evaluated for Impairment	2,049	1,482
Loan Receivable Ending Balance: Collectively Evaluated for Impairment	1,278,453	1,040,664
Residential Real Estate [Member]
Schedule Of Financial Receivables [Line Items]
Loan Receivable Ending Balance	171,411	150,848
Loan Receivable Ending Balance: Individually Evaluated for Impairment	305	1,482
Loan Receivable Ending Balance: Collectively Evaluated for Impairment	171,106	149,366
Commercial Real Estate [Member]
Schedule Of Financial Receivables [Line Items]
Loan Receivable Ending Balance	497,279	421,870
Loan Receivable Ending Balance: Individually Evaluated for Impairment	1,097
Loan Receivable Ending Balance: Collectively Evaluated for Impairment	496,182	421,870
Real Estate Construction Land And Land Development [Member]
Schedule Of Financial Receivables [Line Items]
Loan Receivable Ending Balance	283,971	272,620
Loan Receivable Ending Balance: Collectively Evaluated for Impairment	283,971	272,620
Commercial and Industrial Sector [Member]
Schedule Of Financial Receivables [Line Items]
Loan Receivable Ending Balance	268,290	121,225
Loan Receivable Ending Balance: Individually Evaluated for Impairment	524
Loan Receivable Ending Balance: Collectively Evaluated for Impairment	267,766	121,225
Consumer Loan [Member]
Schedule Of Financial Receivables [Line Items]
Loan Receivable Ending Balance	59,551	75,583
Loan Receivable Ending Balance: Individually Evaluated for Impairment	123
Loan Receivable Ending Balance: Collectively Evaluated for Impairment	$ 59,428	$ 75,583

Loans Receivable - Schedule o_4

Loans Receivable - Schedule of Information of Impaired Loans by Loan Portfolio Class (Detail) - USD ($) $ in Thousands	Jun. 30, 2020	Dec. 31, 2019
Schedule Of Financial Receivables [Line Items]
Recorded Investment	$ 1,986	$ 1,482
Unpaid Principal Balance	1,986	1,482
Recorded Investment	2,049	1,482
Unpaid Principal Balance	2,049	1,482
Related Allowance	1
Single Family [Member]
Schedule Of Financial Receivables [Line Items]
Recorded Investment	305	1,482
Unpaid Principal Balance	305	1,482
Related Allowance	0	$ 0
Commercial & Industrial [Member]
Schedule Of Financial Receivables [Line Items]
Recorded Investment	461
Unpaid Principal Balance	461
Recorded Investment	63
Unpaid Principal Balance	63
Related Allowance	1
Consumer Secured [Member]
Schedule Of Financial Receivables [Line Items]
Recorded Investment	123
Unpaid Principal Balance	123
Non Owner Occupied [Member]
Schedule Of Financial Receivables [Line Items]
Recorded Investment	1,097
Unpaid Principal Balance	$ 1,097

Loans Receivable - Schedule o_5

Loans Receivable - Schedule of Additional Information of Impaired Loans (Detail) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Schedule Of Financial Receivables [Line Items]
Average Record Investment, with no related allowance recorded	$ 1,998	$ 1,498	$ 2,003	$ 1,502
Interest Income Recognized, with no related allowance recorded	16	15	36	30
Average Record Investment	2,062	1,498	2,069	1,502
Interest Income Recognized	17	15	37	30
Single Family [Member]
Schedule Of Financial Receivables [Line Items]
Average Record Investment, with no related allowance recorded	306	1,498	307	1,502
Interest Income Recognized, with no related allowance recorded	3	$ 15	6	$ 30
Non Owner Occupied [Member]
Schedule Of Financial Receivables [Line Items]
Average Record Investment, with no related allowance recorded	1,098		1,099
Interest Income Recognized, with no related allowance recorded			17
Commercial & Industrial [Member]
Schedule Of Financial Receivables [Line Items]
Average Record Investment, with no related allowance recorded	460		460
Interest Income Recognized, with no related allowance recorded	9		9
Average Record Investment, with an allowance recorded	64		66
Interest Income Recognized, with an allowance recorded	1		1
Secured [Member]
Schedule Of Financial Receivables [Line Items]
Average Record Investment, with no related allowance recorded	134		137
Interest Income Recognized, with no related allowance recorded	$ 4		$ 4

Loans Receivable - Schedule o_6

Loans Receivable - Schedule of Nonaccrual Loans by Classes of the Loan Portfolio (Detail) $ in Thousands	Jun. 30, 2020USD ($)
Schedule Of Financing Receivables Non Accrual Status [Line Items]
Nonaccrual Loans	$ 1,305
Single Family [Member]
Schedule Of Financing Receivables Non Accrual Status [Line Items]
Nonaccrual Loans	150
Non Owner Occupied [Member]
Schedule Of Financing Receivables Non Accrual Status [Line Items]
Nonaccrual Loans	1,097
Consumer Secured [Member]
Schedule Of Financing Receivables Non Accrual Status [Line Items]
Nonaccrual Loans	$ 58

Loans Receivable - Schedule o_7

Loans Receivable - Schedule of Financing Receivable Credit Quality Indicators (Detail) - USD ($) $ in Thousands	Jun. 30, 2020	Dec. 31, 2019
Financing Receivable, Recorded Investment [Line Items]
Total Gross Loans	$ 1,280,502	$ 1,042,146
Pass [Member]
Financing Receivable, Recorded Investment [Line Items]
Total Gross Loans	1,272,397	1,029,361
Watch [Member]
Financing Receivable, Recorded Investment [Line Items]
Total Gross Loans	2,691	3,772
Special Mention [Member]
Financing Receivable, Recorded Investment [Line Items]
Total Gross Loans	2,750	5,685
Substandard [Member]
Financing Receivable, Recorded Investment [Line Items]
Total Gross Loans	2,664	3,328
Single Family [Member]
Financing Receivable, Recorded Investment [Line Items]
Total Gross Loans	138,388	143,535
Single Family [Member] | Pass [Member]
Financing Receivable, Recorded Investment [Line Items]
Total Gross Loans	137,872	143,019
Single Family [Member] | Substandard [Member]
Financing Receivable, Recorded Investment [Line Items]
Total Gross Loans	516	516
Residential Real Estate Multi Family [Member]
Financing Receivable, Recorded Investment [Line Items]
Total Gross Loans	32,151	6,512
Residential Real Estate Multi Family [Member] | Pass [Member]
Financing Receivable, Recorded Investment [Line Items]
Total Gross Loans	32,151	6,512
Residential Real Estate Farm Land [Member]
Financing Receivable, Recorded Investment [Line Items]
Total Gross Loans	872	801
Residential Real Estate Farm Land [Member] | Pass [Member]
Financing Receivable, Recorded Investment [Line Items]
Total Gross Loans	872	801
Owner Occupied [Member]
Financing Receivable, Recorded Investment [Line Items]
Total Gross Loans	136,222	134,116
Owner Occupied [Member] | Pass [Member]
Financing Receivable, Recorded Investment [Line Items]
Total Gross Loans	136,222	133,966
Owner Occupied [Member] | Substandard [Member]
Financing Receivable, Recorded Investment [Line Items]
Total Gross Loans		150
Non Owner Occupied [Member]
Financing Receivable, Recorded Investment [Line Items]
Total Gross Loans	361,057	287,754
Non Owner Occupied [Member] | Pass [Member]
Financing Receivable, Recorded Investment [Line Items]
Total Gross Loans	359,960	287,754
Non Owner Occupied [Member] | Substandard [Member]
Financing Receivable, Recorded Investment [Line Items]
Total Gross Loans	1,097
Commercial Real Estate Construction Land Development Loan [Member]
Financing Receivable, Recorded Investment [Line Items]
Total Gross Loans	283,971	272,620
Commercial Real Estate Construction Land Development Loan [Member] | Pass [Member]
Financing Receivable, Recorded Investment [Line Items]
Total Gross Loans	283,971	272,620
Commercial & Industrial [Member]
Financing Receivable, Recorded Investment [Line Items]
Total Gross Loans	268,290	121,225
Commercial & Industrial [Member] | Pass [Member]
Financing Receivable, Recorded Investment [Line Items]
Total Gross Loans	261,979	109,106
Commercial & Industrial [Member] | Watch [Member]
Financing Receivable, Recorded Investment [Line Items]
Total Gross Loans	2,691	3,772
Commercial & Industrial [Member] | Special Mention [Member]
Financing Receivable, Recorded Investment [Line Items]
Total Gross Loans	2,750	5,685
Commercial & Industrial [Member] | Substandard [Member]
Financing Receivable, Recorded Investment [Line Items]
Total Gross Loans	870	2,662
Unsecured [Member]
Financing Receivable, Recorded Investment [Line Items]
Total Gross Loans	274	599
Unsecured [Member] | Pass [Member]
Financing Receivable, Recorded Investment [Line Items]
Total Gross Loans	274	599
Secured [Member]
Financing Receivable, Recorded Investment [Line Items]
Total Gross Loans	59,277	74,984
Secured [Member] | Pass [Member]
Financing Receivable, Recorded Investment [Line Items]
Total Gross Loans	59,096	$ 74,984
Secured [Member] | Substandard [Member]
Financing Receivable, Recorded Investment [Line Items]
Total Gross Loans	$ 181

Loans Receivable - Schedule o_8

Loans Receivable - Schedule of Aging of Past Due (Detail) - USD ($) $ in Thousands	Jun. 30, 2020	Dec. 31, 2019
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due Loans	$ 232	$ 274
Current	1,278,965	1,041,872
Total Loans receivable	1,280,502	1,042,146
Nonaccrual	1,305
Financing Receivables, 30 to 59 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due Loans	24	124
Financing Receivables, 60 to 89 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due Loans	150	150
Financing Receivables, Equal to Greater than 90 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due Loans	58
Single Family [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due Loans	150
Current	138,088	143,535
Total Loans receivable	138,388	143,535
Nonaccrual	150
Single Family [Member] | Financing Receivables, 60 to 89 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due Loans	150
Residential Real Estate Multi Family [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Current	32,151	6,512
Total Loans receivable	32,151	6,512
Residential Real Estate Farm Land [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Current	872	801
Total Loans receivable	872	801
Owner Occupied [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due Loans		150
Current	136,222	133,966
Total Loans receivable	136,222	134,116
Owner Occupied [Member] | Financing Receivables, 60 to 89 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due Loans		150
Non Owner Occupied [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Current	359,960	287,754
Total Loans receivable	361,057	287,754
Nonaccrual	1,097
Commercial Real Estate Construction Land Development Loan [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Current	283,971	272,620
Total Loans receivable	283,971	272,620
Commercial & Industrial [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Current	268,290	121,225
Total Loans receivable	268,290	121,225
Unsecured [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Current	274	599
Total Loans receivable	274	599
Secured [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due Loans	82	124
Current	59,137	74,860
Total Loans receivable	59,277	74,984
Nonaccrual	58
Secured [Member] | Financing Receivables, 30 to 59 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due Loans	24	$ 124
Secured [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due Loans	$ 58

Loans Receivable - Summary of T

Loans Receivable - Summary of Troubled Debt Restructurings (Detail) $ in Thousands	12 Months Ended
	Dec. 31, 2019USD ($)SecurityLoan	Jun. 30, 2020USD ($)
Financing Receivable Modifications Number Of Contracts [Line Items]
Number Of Loans | SecurityLoan	1
Accrual Status	$ 1,482
Total TDRs	$ 1,482	$ 0
Residential Real Estate [Member]
Financing Receivable Modifications Number Of Contracts [Line Items]
Number Of Loans | SecurityLoan	1
Accrual Status	$ 1,482
Total TDRs	$ 1,482

Derivatives and Risk Manageme_3

Derivatives and Risk Management Activities - Schedule of Derivative Instruments (Detail) $ in Thousands	Jun. 30, 2020USD ($)	Dec. 31, 2019USD ($)
Matched Interest Rate Swap With Borrower [Member]
Derivative [Line Items]
Notional Amount	$ 108,880	$ 71,860
Positions	23	12
Assets	$ 12,739	$ 4,039
Collateral Pledges	12,810	6,400
Matched Interest Rate Swaps With Counterparty [Member]
Derivative [Line Items]
Notional Amount	$ 108,880	$ 71,860
Positions	23	12
Liabilities	$ 12,739	$ 4,039
Collateral Pledges	$ 12,810	$ 6,400

Derivatives and Risk Manageme_4

Derivatives and Risk Management Activities - Additional Information (Detail) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Derivative Instruments And Hedging Activities Disclosure [Abstract]
Interest rate swap fee income	$ 423,000	$ 181,000	$ 826,000	$ 471,000

Fair Value Presentation - Sched

Fair Value Presentation - Schedule of Fair Value Assets Measured on Recurring Basis (Detail) - USD ($) $ in Thousands	Jun. 30, 2020	Dec. 31, 2019
Assets:
Investment securities available-for-sale	$ 91,823	$ 92,791
Level 2 [Member]
Assets:
Investment securities available-for-sale	91,823	92,791
Derivative asset	12,739	4,039
Liabilities:
Derivative liability	12,739	4,039
U.S. Treasury Securities [Member]
Assets:
Investment securities available-for-sale	50,000	49,998
Collateralized Mortgage Backed [Member]
Assets:
Investment securities available-for-sale	14,626	17,673
Subordinated Debt [Member]
Assets:
Investment securities available-for-sale	2,517	2,554
Municipal Securities [Member]
Assets:
Investment securities available-for-sale	17,809	14,631
U.S Government Agencies [Member]
Assets:
Investment securities available-for-sale	6,871	7,935
Fair Value, Measurements, Recurring [Member]
Assets:
Total	104,562	96,830
Liabilities:
Total	12,739	4,039
Fair Value, Measurements, Recurring [Member] | Interest Rate Swap on Loans [Member]
Assets:
Derivative asset	12,739	4,039
Liabilities:
Derivative liability	12,739	4,039
Fair Value, Measurements, Recurring [Member] | Level 2 [Member]
Assets:
Total	104,562	96,830
Liabilities:
Total	12,739	4,039
Fair Value, Measurements, Recurring [Member] | Level 2 [Member] | Interest Rate Swap on Loans [Member]
Assets:
Derivative asset	12,739	4,039
Liabilities:
Derivative liability	12,739	4,039
Fair Value, Measurements, Recurring [Member] | U.S. Treasury Securities [Member]
Assets:
Investment securities available-for-sale	50,000	49,998
Fair Value, Measurements, Recurring [Member] | U.S. Treasury Securities [Member] | Level 2 [Member]
Assets:
Investment securities available-for-sale	50,000	49,998
Fair Value, Measurements, Recurring [Member] | Collateralized Mortgage Backed [Member]
Assets:
Investment securities available-for-sale	14,626	17,673
Fair Value, Measurements, Recurring [Member] | Collateralized Mortgage Backed [Member] | Level 2 [Member]
Assets:
Investment securities available-for-sale	14,626	17,673
Fair Value, Measurements, Recurring [Member] | Subordinated Debt [Member]
Assets:
Investment securities available-for-sale	2,517	2,554
Fair Value, Measurements, Recurring [Member] | Subordinated Debt [Member] | Level 2 [Member]
Assets:
Investment securities available-for-sale	2,517	2,554
Fair Value, Measurements, Recurring [Member] | Municipal Securities [Member]
Assets:
Investment securities available-for-sale	17,809	14,631
Fair Value, Measurements, Recurring [Member] | Municipal Securities [Member] | Level 2 [Member]
Assets:
Investment securities available-for-sale	17,809	14,631
Fair Value, Measurements, Recurring [Member] | U.S Government Agencies [Member]
Assets:
Investment securities available-for-sale	6,871	7,935
Fair Value, Measurements, Recurring [Member] | U.S Government Agencies [Member] | Level 2 [Member]
Assets:
Investment securities available-for-sale	$ 6,871	$ 7,935

Fair Value Presentation - Sch_2

Fair Value Presentation - Schedule of Financial Assets Measured at Fair Value on a Nonrecurring Basis (Detail) - Fair Value, Measurements, Nonrecurring [Member] - USD ($) $ in Thousands	Jun. 30, 2020	Dec. 31, 2019
Assets:
Assets	$ 1,237	$ 1,207
Other Real Estate Owned [Member]
Assets:
Assets	1,175	1,207
Impaired Loans [Member] | Commercial & Industrial [Member]
Assets:
Assets	62
Level 3 [Member]
Assets:
Assets	1,237	1,207
Level 3 [Member] | Other Real Estate Owned [Member]
Assets:
Assets	1,175	$ 1,207
Level 3 [Member] | Impaired Loans [Member] | Commercial & Industrial [Member]
Assets:
Assets	$ 62

Fair Value Presentation - Sch_3

Fair Value Presentation - Schedule of Quantitative Information about Level 3 Fair Value Measurements for Financial Assets Measured at Fair Value on Nonreoccuring Basis (Detail) $ in Thousands	Jun. 30, 2020USD ($)	Dec. 31, 2019USD ($)
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Other real estate owned, net	$ 1,175	$ 1,207
Total	$ 1,237
Minimum [Member]
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Impaired Loans, net, Range of inputs	0.03
Other Real Estate Owned, net, Range of Inputs	0.06
Maximum [Member]
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Impaired Loans, net, Range of inputs	0.10
Other Real Estate Owned, net, Range of Inputs	0.10
Appraisals/Discounted Cash Flows [Member]
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Impaired Loans Owned Fair Value, Net	$ 62
Appraisals [Member]
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Other real estate owned, net	$ 1,175

Fair Value Presentation - Sch_4

Fair Value Presentation - Schedule of Carrying Amounts and Estimated Fair Values of Financial Instruments (Detail) - USD ($) $ in Thousands	Jun. 30, 2020	Dec. 31, 2019
Assets:
Cash and due from banks	$ 55,273	$ 53,376
Restricted equity securities	5,041	6,157
Securities:
Available for sale	91,823	92,791
Held to maturity	23,843	23,914
Bank owned life insurance	24,959	24,562
Level 1 [Member]
Assets:
Cash and due from banks	55,273	53,376
Level 2 [Member]
Assets:
Restricted equity securities	5,041	6,157
Securities:
Available for sale	91,823	92,791
Held to maturity	24,850	24,678
Derivative asset – interest rate swap on loans	12,739	4,039
Bank owned life insurance	24,959	24,562
Accrued interest receivable	6,928	4,282
Liabilities:
Deposits	804,492	510,766
Advances from the FHLB	10,000	39,998
Derivative liability – interest rate swaps on loans	12,739	4,039
Accrued interest payable	764	982
Level 3 [Member]
Securities:
Loans, net	1,270,726	1,048,181
Liabilities:
Deposits	552,505	568,245
Reported Value Measurement [Member]
Assets:
Cash and due from banks	55,273	53,376
Restricted equity securities	5,041	6,157
Securities:
Available for sale	91,823	92,791
Held to maturity	23,843	23,914
Loans, net	1,259,012	1,030,425
Derivative asset – interest rate swap on loans	12,739	4,039
Bank owned life insurance	24,959	24,562
Accrued interest receivable	6,928	4,282
Liabilities:
Deposits	1,342,332	1,071,623
Advances from the FHLB	10,000	40,000
Derivative liability – interest rate swaps on loans	12,739	4,039
Accrued interest payable	764	982
Estimate of Fair Value Measurement [Member]
Assets:
Cash and due from banks	55,273	53,376
Restricted equity securities	5,041	6,157
Securities:
Available for sale	91,823	92,791
Held to maturity	24,850	24,678
Loans, net	1,270,726	1,048,181
Derivative asset – interest rate swap on loans	12,739	4,039
Bank owned life insurance	24,959	24,562
Accrued interest receivable	6,928	4,282
Liabilities:
Deposits	1,356,997	1,079,011
Advances from the FHLB	10,000	39,998
Derivative liability – interest rate swaps on loans	12,739	4,039
Accrued interest payable	$ 764	$ 982

Earnings (Losses) Per Share - A

Earnings (Losses) Per Share - Additional Information (Detail) - shares	6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019
Earnings Per Share [Abstract]
Outstanding potentially dilutive securities	0	0

Earnings (Losses) Per Share - S

Earnings (Losses) Per Share - Schedule of Earnings Per Share Basic and Diluted (Detail) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Earnings Per Share [Abstract]
Net Income (Loss)	$ (634)	$ 3,431	$ 2,836	$ 6,678
Weighted average number of shares issued, basic and diluted	8,263,370	8,250,210	8,275,344	8,246,562
Net income (loss) per share:
Basic and diluted income (loss) per share	$ (0.08)	$ 0.42	$ 0.34	$ 0.81

Accumulated Other Comprehensi_3

Accumulated Other Comprehensive Income - Components of Accumulated Other Comprehensive Income (Detail) - USD ($) $ in Thousands	Jun. 30, 2020	Dec. 31, 2019
Accumulated Other Comprehensive Loss [Line Items]
Tax effect	$ (245)	$ (110)
Total accumulated other comprehensive income	954	423
Unrealized Gain on Securities [Member]
Accumulated Other Comprehensive Loss [Line Items]
Accumulated other comprehensive gain(loss), before tax	1,268	609
Unrealized Loss on Securities Transferred to HTM [Member]
Accumulated Other Comprehensive Loss [Line Items]
Accumulated other comprehensive gain(loss), before tax	$ (69)	(81)
Securities Gains Included in Net Income [Member]
Accumulated Other Comprehensive Loss [Line Items]
Accumulated other comprehensive gain(loss), before tax		$ 5

Leases - Additional Information

Leases - Additional Information (Detail)	6 Months Ended
	Jun. 30, 2020USD ($)Lease	Jun. 30, 2019USD ($)
Leases [Abstract]
Cash paid for amounts included in measurement of lease liabilities	$ 92,000
Operating leases expense	$ 147,000	$ 160,000
Operating lease, number of leases | Lease	3
Lessor, operating lease, option to extend	One lease is extended on a month-to-month basis while two of these leases have arrangements for over twelve months with an option to extend the lease terms.
Rent income on operating leases per month	$ 6,000
Financing lease obligation	0
Finance lease right of use asset	$ 0

Leases - Schedule of Leases Cos

Leases - Schedule of Leases Cost (Detail)	6 Months Ended
	Jun. 30, 2020USD ($)
Leases [Abstract]
Lease liabilities	$ 6,764,000
Right-of-use assets	$ 6,386,000
Weighted-average remaining lease term – operating leases (in months).	193 months 18 days
Weighted-average discount rate – operating leases	3.12%
Lease Cost
Operating lease cost	$ 147,000
Total lease costs	147,000
Cash paid for amounts included in measurement of lease liabilities	$ 92,000

Leases - Schedule of Maturity A

Leases - Schedule of Maturity Analysis of Annual Undiscounted Cash Flows of Operating Lease Liabilities (Detail) $ in Thousands	Jun. 30, 2020USD ($)
Leases [Abstract]
2020	$ 260
2021	529
2022	542
2023	556
2024	571
Thereafter	6,076
Total undiscounted cash flows	8,534
Discount	(1,770)
Lease liabilities	$ 6,764