F & M Bank (FMBM) 10-Q 12 Nov 15 2015 Q3 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	9 Months Ended
	Sep. 30, 2015	Nov. 12, 2015
Document And Entity Information
Entity Registrant Name	F&M BANK CORP
Entity Central Index Key	740,806
Document Type	10-Q
Document Period End Date	Sep. 30, 2015
Amendment Flag	false
Current Fiscal Year End Date	--12-31
Is Entity a Well-known Seasoned Issuer	No
Is Entity a Voluntary Filer	No
Is Entity's Reporting Status Current	Yes
Entity Filer Category	Smaller Reporting Company
Entity Common Stock, Shares Outstanding		3,284,581
Document Fiscal Period Focus	Q3
Document Fiscal Year Focus	2,015

Consolidated Statements of Inco

Consolidated Statements of Income (Unaudited) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Interest income
Interest and fees from loans held for investment	$ 7,086	$ 6,665	$ 20,813	$ 19,443
Interest and fees from loans held for sale	295	164	808	228
Interest from federal funds sold	4	7	12	31
Interest from investment securities	66	37	202	136
Total interest income	7,451	6,873	21,835	19,838
Interest expense
Interest from demand deposits	112	165	426	501
Interest from savings accounts	64	31	134	88
Interest from time deposits over $100,000	122	145	367	453
Interest from other time deposits	228	273	700	857
Total interest from deposits	526	614	1,627	1,899
Interest from short-term debt	24	2	54	6
Interest from long-term debt	172	292	424	872
Total interest expense	722	908	2,105	2,777
Net interest income	$ 6,729	5,965	19,730	17,061
Provision for loan losses		750	300	2,250
Net interest income after provision for loan losses	$ 6,729	5,215	19,430	14,811
Noninterest income
Service charges	257	275	719	786
Insurance and other commissions	260	202	770	378
Other	352	400	1,037	1,192
Income from bank owned life insurance	119	118	354	349
Total noninterest income	988	995	2,880	2,705
Noninterest expense
Salaries	1,974	1,767	5,667	5,114
Employee benefits	555	514	1,718	1,491
Occupancy expense	164	150	504	465
Equipment expense	166	160	480	442
FDIC insurance assessment	$ 132	$ 180	522	$ 540
OREO expenses/losses			516
Other	$ 1,503	$ 1,152	3,965	$ 3,410
Total noninterest expense	4,494	3,923	13,372	11,462
Income before income taxes	3,223	2,287	8,938	6,054
Income tax expense	994	726	2,586	1,844
Consolidated net income - F&M Bank Corp.	2,229	1,561	6,352	4,210
Net income - Noncontrolling interest (income) loss	(39)	8	(115)	26
Net Income - F & M Bank Corp	2,190	$ 1,569	6,237	$ 4,236
Dividend paid/accumulated on preferred stock	128		383
Net income available to common stockholders	$ 2,062	$ 1,569	$ 5,854	$ 4,236
Per share data
Net income available to common stockholders- basic	$ 0.63	$ 0.48	$ 1.78	$ 1.38
Net income available to common stockholders - diluted	0.59	0.48	1.67	1.38
Cash dividends	$ 0.18	$ 0.17	$ 0.54	$ 0.51
Weighted average common shares outstanding - basic	3,291,133	3,289,743	3,292,709	3,061,432
Weighted average common shares outstanding - diluted	3,735,533	3,289,743	3,737,109	3,061,432

Consolidated Statements of Inc3

Consolidated Statements of Income (Parenthetical) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Income Statement [Abstract]
Interest on time deposits	$ 100,000	$ 100,000	$ 100,000	$ 100,000

Consolidated Statements of Com

Consolidated Statements of Comprehensive Income (Unaudited) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Net Income:
Net Income - F & M Bank Corp	$ 2,190	$ 1,569	$ 6,237	$ 4,236
Net Income (loss) attributable to noncontrolling interest	39	(8)	115	(26)
Consolidated Net Income	2,229	1,561	6,352	4,210
Other comprehensive income:
Unrealized holding gains on available-for-sale securities	21	25	44	20
Tax effect	(7)	(9)	(15)	(7)
Unrealized holding gain, net of tax	14	16	29	13
Total other comprehensive income	14	16	29	13
Comprehensive income	$ 2,243	$ 1,577	$ 6,381	$ 4,223

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($) $ in Thousands	Sep. 30, 2015	Dec. 31, 2014
Assets
Cash and due from banks	$ 6,420	$ 6,241
Money market funds	$ 490	911
Federal funds sold		16,051
Cash and cash equivalents	$ 6,910	23,203
Securities:
Held to maturity - fair value of $125 in 2015 and $125 in 2014	125	125
Available for sale	13,173	13,215
Other investments	10,845	8,964
Loans held for sale	55,482	13,382
Loans held for investment	540,415	518,202
Less: allowance for loan losses	(8,870)	(8,725)
Net loans held for investment	531,545	509,477
Other real estate owned	2,462	3,507
Bank premises and equipment, net	7,369	6,458
Interest receivable	1,655	1,675
Goodwill	2,670	2,670
Bank owned life insurance	12,928	12,581
Other assets	10,937	10,051
Total assets	656,101	605,308
Deposits:
Noninterest bearing	126,299	112,198
Interest bearing:
Demand	75,316	93,694
Money market accounts	26,581	25,900
Savings	86,093	64,249
Time deposits over $100,000	61,089	79,813
All other time deposits	108,439	115,651
Total deposits	483,817	491,505
Short-term debt	38,239	14,358
Accrued liabilities	13,314	11,772
Long-term debt	38,893	9,875
Total liabilities	574,263	527,510
Stockholders' Equity
Preferred Stock $5 par value, 400,000 shares authorized, issued and outstanding	9,425	9,425
Common stock, $5 par value, 6,000,000 shares authorized, 3,284,513 and 3,287,470 shares issued and outstanding	16,423	16,459
Additional paid in capital - common stock	11,135	11,260
Retained earnings	46,629	42,554
Noncontrolling interest	524	426
Accumulated other comprehensive loss	(2,298)	(2,326)
Total stockholders' equity	81,838	77,798
Total liabilities and stockholders' equity	$ 656,101	$ 605,308

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Thousands	Sep. 30, 2015	Dec. 31, 2014
Assets
Held to maturity - fair value	$ 125	$ 125
STOCKHOLDERS EQUITY:
Preferred Stock, par value	$ 5	$ 5
Preferred Stock shares authorized	400,000	400,000
Preferred Stock shares issued	400,000	400,000
Preferred Stock shares outstanding	400,000	400,000
Common stock, par value	$ 5	$ 5
Common stock shares authorized	6,000,000	6,000,000
Common stock shares issued	3,284,513	3,287,470
Common stock shares outstanding	3,284,513	3,287,470

Consolidated Statements of Cash

Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014
Cash flows from operating activities
Net income	$ 6,237	$ 4,236
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	525	449
Amortization of security premiums, net	109	61
Origination of loans held for sale	(56,301)	(41,385)
Sale of loans originated and held for sale	55,298	39,799
Provision for loan losses	300	2,250
(Increase) Decrease in interest receivable	20	(38)
Increase in other assets	(916)	(2,492)
Increase (decrease) in accrued expenses	1,660	(65)
Amortization of limited partnership investments	470	456
Income from bank owned life insurance	(354)	(348)
Loss on Other Real Estate Owned	511	43
Net adjustments	1,322	(1,270)
Net cash provided by operating activities	7,559	2,966
Cash flows from investing activities
Purchase of investments available for sale	(10,540)	(8,614)
Proceeds from maturity of investments available for sale	$ 8,167	27,323
Purchase of investments held to maturity		(125)
Proceeds from maturity of investments held to maturity		106
Net increase in loans held for investment	$ (22,195)	(10,740)
Net increase in participation loans held for sale	(41,098)	(32,376)
Proceeds from the sale of other real estate owned	361	779
Purchase of property and equipment	(1,435)	(391)
Net cash used in investing activities	(66,740)	(24,038)
Cash flows from financing activities
Increase in demand and savings deposits	18,248	22,845
Decrease in time deposits	(25,936)	646
Increase in short-term debt	23,881	361
Cash dividends paid	(2,161)	(1,545)
Proceeds from issuance of common stock	99	$ 12,080
Repurchase of common stock	(261)
Proceeds from long-term debt	30,000	$ 10,000
Repayment of long-term debt	(982)	(6,500)
Net cash provided by financing activities	42,888	37,887
Net (Decrease) Increase in Cash and Cash Equivalents	(16,293)	16,815
Cash and cash equivalents, beginning of period	23,203	6,545
Cash and cash equivalents, end of period	6,910	23,360
Supplemental disclosure
Interest expense	2,126	2,745
Income taxes	1,500	1,300
Transfers from loans to Other Real Estate Owned	155	2,930
Noncash exchange of other real estate owned	$ (328)	$ (780)

Consolidated Statements of Chan

Consolidated Statements of Changes in Stockholders' Equity (Unaudited) $ in Thousands	USD ($)
Balance, beginning of period at Dec. 31, 2013	$ 54,141
Comprehensive income
Net Income - F & M Bank Corp	4,236
Net income attributable to noncontrolling interest	(26)
Net change in unrealized appreciation on securities available for sale, net of taxes	13
Total comprehensive income	4,223
Minority Interest Capital Distributions	15
Issuance of common stock	$ 12,080
Repurchase of common stock
Dividends paid	$ (1,545)
Balance, end of period at Sep. 30, 2014	68,914
Balance, beginning of period at Dec. 31, 2014	77,798
Comprehensive income
Net Income - F & M Bank Corp	6,237
Net income attributable to noncontrolling interest	115
Net change in unrealized appreciation on securities available for sale, net of taxes	29
Total comprehensive income	6,381
Minority Interest Capital Distributions	(18)
Issuance of common stock	99
Repurchase of common stock	(261)
Dividends paid	(2,161)
Balance, end of period at Sep. 30, 2015	$ 81,838

1. Summary of significant accou

1. Summary of significant accounting policies	9 Months Ended
	Sep. 30, 2015
Summary Of Significant Accounting Policies
1. Summary of significant accounting policies	The consolidated financial statements include the accounts of F & M Bank Corp. and its subsidiaries (the “Company”). Significant intercompany accounts and transactions have been eliminated in consolidation. The consolidated financial statements conform to accounting principles generally accepted in the United States of America and to general industry practices. In the opinion of management, the accompanying unaudited consolidated financial statements contain all adjustments (consisting of only normal recurring accruals) necessary to present fairly the financial position as of September 30, 2015 and the results of operations for the quarters and nine month periods ended September 30, 2015 and 2014. The notes included herein should be read in conjunction with the notes to financial statements included in the 2014 annual report to shareholders of F & M Bank Corp. The Company does not expect the anticipated adoption of any newly issued accounting standards to have a material impact on future operations or financial position. Comprehensive Income Accounting principles generally require that recognized revenue, expenses, gains and losses be included in net income. Certain changes in assets and liabilities, such as unrealized gains and losses on available for sale securities and gains or losses on certain derivative contracts, are reported as a separate component of the equity section of the balance sheet. Such items, along with operating net income, are components of comprehensive income. Subsequent Events In preparing these financial statements, the Company has evaluated events and transactions for potential recognition or disclosure through the date the financial statements were issued. Loans Held for Investment Loans are carried on the balance sheet net of any unearned interest and the allowance for loan losses. Interest income on loans is determined using the effective interest method on the daily amount of principal outstanding except where serious doubt exists as to collectability of the loan, in which case the accrual of income is discontinued. Loans Held for Sale These loans consist of fixed rate loans made through its subsidiary, VBS Mortgage and loans purchased from NorthPointe Bank, Grand Rapids, MI. Allowance for Loan Losses The provision for loan losses charged to operations is an amount sufficient to bring the allowance for loan losses to an estimated balance that management considers adequate to absorb potential losses in the portfolio. Loans are charged against the allowance when management believes the collectability of the principal is unlikely. Recoveries of amounts previously charged-off are credited to the allowance. Management’s determination of the adequacy of the allowance is based on an evaluation of the composition of the loan portfolio, the value and adequacy of collateral, current economic conditions, historical loan loss experience, and other risk factors. Management believes that the allowance for loan losses is adequate. While management uses available information to recognize losses on loans, future additions to the allowance may be necessary based on changes in economic conditions, particularly those affecting real estate values. In addition, regulatory agencies, as an integral part of their examination process, periodically review the Company’s allowance for loan losses. Such agencies may require the Company to recognize additions to the allowance based on their judgments about information available to them at the time of their examination. A loan is considered impaired when, based on current information and events, it is probable that the Company will be unable to collect the scheduled payments of principal or interest when due according to the contractual terms of the loan agreement. Factors considered by management in determining impairment include payment status, collateral value, and the probability of collecting scheduled principal and interest payments when due. Loans that experience insignificant payment delays and payment shortfalls generally are not classified as impaired. Management determines the significance of payment delays and payment shortfalls on a case-by-case basis, taking into consideration all of the circumstances surrounding the loan and the borrower, including the length of the delay, the reasons for the delay, the borrower’s prior payment record, and the amount of the shortfall in relation to the principal and interest owed. Impairment is measured on a loan by loan basis for commercial and construction 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. Nonaccrual Loans Loans are placed on nonaccrual status when they become ninety days or more past due, unless there is an expectation that the loan will either be brought current or paid in full in a reasonable period of time. Earnings per Share Accounting guidance specifies the computation, presentation and disclosure requirements for earnings per common share (“EPS”) for entities with publicly held common stock or potential common stock such as options, warrants, convertible securities or contingent stock agreements. Basic common EPS is computed by dividing net income by the weighted average number of common shares outstanding. Diluted common EPS is similar to the computation of basic EPS except that the denominator is increased to include the number of additional common shares that would have been outstanding if the dilutive common shares had been issued. The dilutive effect of conversion of preferred stock is reflected in the diluted earnings per share calculation. Net income available to common stockholders represents consolidated net income adjusted for preferred dividends declared. The following table provides a reconciliation of net income to net income available to common stockholders for the periods presented: For the Nine months ended For the Quarter ended For the Nine months ended For the Quarter ended September 30, 2015 September 30, 2015 September 30, 2014 September 30, 2014 Earnings available to common stockholders: Net income $ 6,351,521 $ 2,229,213 $ 4,210,028 $ 1,561,179 Minority interest 115,397 39,273 26,300 8,208 Preferred stock dividends 382,500 127,500 - - Net income available to common stockholders $ 5,853,624 $ 2,062,440 $ 4,236,328 $ 1,569,387 The following table shows the effect of dilutive preferred stock conversion on the Company's earnings per share for the periods indicated. Preferred stock was not issued at September 30, 2014 therefore there is no prior year data presented . Nine months ended September 30, 2015 Quarter ended September 30, 2015 Income Shares Per Share Income Shares Per Share Basic common EPS $ 5,853,624 3,292,709 $ 1.78 $ 2,062,440 3,291,133 $ 0.63 Effect of dilutive securities: Convertible preferred stock 382,500 444,400 (0.08 ) 127,500 444,400 (0.04 ) Diluted common EPS $ 6,236,124 3,737,109 $ 1.67 $ 2,189,940 3,735,533 $ 0.59

2. Investment Securities

2. Investment Securities	9 Months Ended
	Sep. 30, 2015
Investment Securities
2. Investment Securities	Investment securities available for sale are carried in the consolidated balance sheets at their approximate market value, amortized cost and unrealized gains and losses at September 30, 2015 and December 31, 2014 are reflected in the table below. The amortized costs of investment securities held to maturity are carried in the consolidated balance sheets and their approximate market values at September 30, 2015 and December 31, 2014 are as follows (in thousands): 2015 2014 Market Market Cost Value Cost Value Securities held to maturity U. S. Treasury and agency obligations $ 125 $ 125 $ 125 $ 125 Total $ 125 $ 125 $ 125 $ 125 September 30, 2015 Unrealized Market Cost Gains Losses Value Securities available for sale U. S. Treasury $ 4,018 $ 29 $ - $ 4,047 Government sponsored enterprises 8,115 10 6 8,119 Mortgage-backed securities 858 14 - 872 Corporate equities 135 - - 135 Total $ 13,126 $ 53 $ 6 $ 13,173 December 31, 2014 Unrealized Market Cost Gains Losses Value Securities available for sale U. S. Treasury $ 4,026 $ - $ 6 $ 4,020 Government sponsored enterprises 8,039 9 10 8,038 Mortgage-backed securities 1,011 11 - 1,022 Corporate equities 135 - - 135 Total $ 13,211 $ 20 $ 16 $ 13,215 The amortized cost and fair value of securities at September 30, 2015, by contractual maturity are shown below (in thousands). Expected maturities will differ from contractual maturities because borrowers may have the right to call or prepay obligations with or without call or prepayment penalties. Securities Held to Maturity Securities Available for Sale Amortized Fair Amortized Fair Cost Value Cost Value Due in one year or less $ 125 $ 125 $ - $ - Due after one year through five years - - 12,133 12,166 Due after five years - - 993 1,007 Total $ 125 $ 125 $ 13,126 $ 13,173 There were no gains and losses on sales of securities in the third quarter or nine month period ended September 30 of 2015 or 2014. There were also no securities with an other than temporary impairment. The fair value and gross unrealized losses for securities, segregated by the length of time that individual securities have been in a continuous gross unrealized loss position, at September 30, 2015 and December 31, 2014 were as follows (dollars in thousands): Less than 12 Months More than 12 Months Total Fair Value Unrealized Losses Fair Value Unrealized Losses Fair Value Unrealized Losses September 30, 2015 U. S. Treasury $ - $ - $ - $ - $ - $ - Government sponsored Enterprises 4,013 (6 ) - - 4,013 (6 ) Total $ 4,013 $ (6 ) $ - $ - $ 4,013 $ (6 ) December 31, 2014 U. S. Treasury $ 4,020 $ (6 ) $ - $ - $ 4,020 $ (6 ) Government sponsored Enterprises 2,004 (2 ) 1,991 (8 ) 3,995 (10 ) Total $ 6,024 $ (8 ) $ 1,991 $ (8 ) $ 8,015 $ (16 ) Other investments, which consist of stock of correspondent banks and investments in low income housing projects, increased since December 31, 2014. This increase is due to FHLB stock repurchases which were partially offset with an increase in the Federal Reserve Bank Stock holding requirement.

3. Loans Held for Investment

3. Loans Held for Investment	9 Months Ended
	Sep. 30, 2015
Loans Held For Investment
3. Loans Held for Investment	Loans outstanding at September 30, 2015 and December 31, 2014 are summarized as follows 2015 2014 Construction/Land Development $ 68,597 $ 67,181 Farmland 12,739 12,507 Real Estate 165,324 162,249 Multi-Family 11,949 11,775 Commercial Real Estate 127,197 122,305 Home Equity – closed end 9,270 9,394 Home Equity – open end 55,202 52,182 Commercial & Industrial – Non-Real Estate 27,545 28,161 Consumer 7,979 9,110 Dealer Finance 52,032 40,633 Credit Cards 2,581 2,705 Total $ 540,415 $ 518,202 The following is a summary of information pertaining to impaired loans (in thousands): Unpaid Average Interest Recorded Principal Related Recorded Income Investment Balance Allowance Investment Recognized Impaired loans without a valuation allowance: Construction/Land Development $ 3,307 $ 3,445 $ - $ 4,349 $ 110 Farmland - - - - - Real Estate 1,051 1,051 - 543 43 Multi-Family - - - - - Commercial Real Estate 322 322 - 1,162 13 Home Equity – closed end - - - - - Home Equity – open end 1,559 1,559 - 1,281 82 Commercial & Industrial – Non-Real Estate 183 183 - 189 9 Consumer 19 19 - 4 - Credit cards - - - - - Dealer Finance - - - - 2 6,441 6,579 7,528 259 Impaired loans with a valuation allowance Construction/Land Development 12,258 12,258 2,063 13,074 220 Farmland - - - - - Real Estate 753 753 52 817 43 Multi-Family - - - - - Commercial Real Estate 895 895 24 925 3 Home Equity – closed end - - - - - Home Equity – open end 1,649 1,649 47 330 58 Commercial & Industrial – Non-Real Estate - - - - - Consumer - - - - - Credit cards - - - - - Dealer Finance 40 40 11 32 3 15,595 15,595 2,197 15,178 327 Total impaired loans $ 22,036 $ 22,174 $ 2,197 $ 22,706 $ 586 The Recorded Investment is defined as the principal balance less principal payments and charge-offs. Unpaid Average Interest December 31, 2014 Recorded Principal Related Recorded Income Investment Balance Allowance Investment Recognized Impaired loans without a valuation allowance: Construction/Land Development $ 4,982 $ 5,402 $ - $ 5,412 $ 251 Farmland - - - 1,163 - Real Estate 141 141 - 85 5 Multi-Family - - - - - Commercial Real Estate 1,159 1,459 - 1,450 66 Home Equity – closed end - - - 123 - Home Equity – open end 1,649 1,649 - 330 57 Commercial & Industrial – Non-Real Estate 191 191 - 237 11 Consumer - - - - - Credit cards - - - - - Dealer Finance - - - - - 8,122 8,842 8,800 390 Impaired loans with a valuation allowance Construction/Land Development 12,976 14,749 1,469 12,056 326 Farmland - - - - - Real Estate 926 926 101 988 105 Multi-Family - - - - - Commercial Real Estate 938 938 47 1,030 4 Home Equity – closed end - - - 72 - Home Equity – open end - - - 40 - Commercial & Industrial – Non-Real Estate - - - - - Consumer - - - - - Credit cards - - - - - Dealer Finance - - - - - 14,840 16,613 1,617 14,186 435 Total impaired loans $ 22,962 $ 25,455 $ 1,617 $ 22,986 $ 825

4. Allowance for Loan Losses

4. Allowance for Loan Losses	9 Months Ended
	Sep. 30, 2015
Allowance For Loan Losses
4. Allowance for Loan Losses	A summary of the allowance for loan losses follows (in thousands): For the nine months ended September 30, 2015 Beginning Balance Charge-offs Recoveries Provision Ending Balance Individually Evaluated for Impairment Collectively Evaluated for Impairment Allowance for loan losses: Construction/Land Development $ 4,738 $ 138 $ 83 $ 471 $ 5,154 $ 2,063 $ 3,091 Farmland 102 - - (15 ) 87 - 87 Real Estate 623 25 - (112 ) 486 51 435 Multi-Family 95 - - (13 ) 82 - 82 Commercial Real Estate 126 - 47 (78 ) 95 24 71 Home Equity – closed end 188 26 6 (8 ) 160 - 160 Home Equity – open end 154 51 - 82 185 48 137 Commercial & Industrial – Non-Real Estate 1,014 - 60 (246 ) 828 - 828 Consumer 214 23 23 (9 ) 205 - 205 Dealer Finance 1,336 111 20 232 1,477 11 1,466 Credit Cards 135 56 36 (4 ) 111 - 111 Total $ 8,725 $ 430 $ 275 $ 300 $ 8,870 $ 2,197 $ 6,673 For the year ended December 31, 2014 Beginning Balance Charge-offs Recoveries Provision Ending Balance Individually Evaluated for Impairment Collectively Evaluated for Impairment Allowance for loan losses: Construction/Land Development $ 4,007 $ 1,611 $ 223 $ 2,119 $ 4,738 $ 1,469 $ 3,269 Farmland (2 ) - - 104 102 - 102 Real Estate 400 208 - 431 623 101 522 Multi-Family - - - 95 95 - 95 Commercial Real Estate 777 - 108 (759 ) 126 47 79 Home Equity – closed end 157 - - 31 188 - 188 Home Equity – open end 476 80 - (242 ) 154 - 154 Commercial & Industrial – Non-Real Estate 1,464 385 356 (421 ) 1,014 - 1,014 Consumer 156 33 33 58 214 - 214 Dealer Finance 628 107 6 809 1,336 - 1,336 Credit Cards 121 46 35 25 135 - 135 Total $ 8,184 $ 2,470 $ 761 $ 2,250 $ 8,725 $ 1,617 $ 7,108 September 30, 2015 Loan Receivable Individually Evaluated for Impairment Collectively Evaluated for Impairment Construction/Land Development $ 68,597 $ 15,565 $ 53,032 Farmland 12,739 - 12,739 Real Estate 165,324 1,804 163,520 Multi-Family 11,949 - 11,949 Commercial Real Estate 127,197 1,217 125,980 Home Equity – closed end 9,270 - 9,270 Home Equity –open end 55,202 3,208 51,994 Commercial & Industrial – Non-Real Estate 27,545 183 27,362 Consumer 7,979 19 7,960 Dealer Finance 52,032 40 51,992 Credit Cards 2,581 - 2,581 $ 540,415 $ 22,036 $ 518,379 Total Recorded Investment in Loan Receivables (in thousands) December 31, 2014 Loan Receivable Individually Evaluated for Impairment Collectively Evaluated for Impairment Construction/Land Development $ 67,181 $ 17,958 $ 49,223 Farmland 12,507 - 12,507 Real Estate 162,249 1,067 161,182 Multi-Family 11,775 - 11,775 Commercial Real Estate 122,305 2,097 120,208 Home Equity – closed end 9,394 - 9,394 Home Equity –open end 52,182 1,649 50,533 Commercial & Industrial – Non-Real Estate 28,161 191 27,970 Consumer 9,110 - 9,110 Dealer Finance 40,633 40,633 Credit Cards 2,705 - 2,705 $ 518,202 $ 22,962 $ 495,240 Total Aging of Past Due Loans Receivable (in thousands) as of September 30, 2015 30-59 Days Past due 60-89 Days Past Due Greater than 90 Days (excluding non-accrual) Non-Accrual Loans Total Past Due Current Total Loan Receivable September 30, 2015 Construction/Land Development $ 254 $ 2,030 $ - $ 4,761 $ 7,045 $ 61,552 $ 68,597 Farmland - - - - - 12,739 12,739 Real Estate 2,954 1,118 62 1,066 5,200 160,124 165,324 Multi-Family - - - - - 11,949 11,949 Commercial Real Estate 315 - - - 315 126,882 127,197 Home Equity – closed end 42 4 - - 46 9,224 9,270 Home Equity – open end 520 224 30 41 815 54,387 55,202 Commercial & Industrial – Non- Real Estate 33 59 - 75 167 27,378 27,545 Consumer 44 15 - - 59 7,920 7,979 Dealer Finance 706 286 - 349 1,341 50,691 52,032 Credit Cards 36 8 2 - 46 2,535 2,581 Total $ 4,904 $ 3,744 $ 94 $ 6,292 $ 15,034 $ 525,381 $ 540,415 Aging of Past Due Loans Receivable (in thousands) as of December 31, 2014 30-59 Days Past due 60-89 Days Past Due Greater than 90 Days (excluding non-accrual) Non-Accrual Loans Total Past Due Current Total Loan Receivable December 31, 2014 Construction/Land Development $ 205 $ 166 $ - $ 4,508 $ 4,879 $ 62,302 $ 67,181 Farmland - - - - - 12,507 12,507 Real Estate 5,085 635 - 973 6,693 155,556 162,249 Multi-Family - - - - - 11,775 11,775 Commercial Real Estate 747 - - 1,165 1,912 120,393 122,305 Home Equity – closed end 162 15 - 10 187 9,207 9,394 Home Equity – open end 730 25 - 143 898 51,284 52,182 Commercial & Industrial – Non- Real Estate - - - 14 14 28,147 28,161 Consumer 290 9 - - 299 8,811 9,110 Dealer Finance 696 189 - 161 1,046 39,587 40,633 Credit Cards 36 - 1 - 37 2,668 2,705 Total $ 7,951 $ 1,039 $ 1 $ 6,974 $ 15,965 $ 502,237 $ 518,202 CREDIT QUALITY INDICATORS (in thousands) AS OF SEPTEMBER 30, 2015 Corporate Credit Exposure Credit Risk Profile by Creditworthiness Category Grade 1 Minimal Risk Grade 2 Modest Risk Grade 3 Average Risk Grade 4 Acceptable Risk Grade 5 Marginally Acceptable Grade 6 Watch Grade 7 Substandard Grade 8 Doubtful Total Construction/Land Development $ - $ 342 $ 8,053 $ 31,514 $ 8,538 $ 5,757 $ 14,393 $ - $ 68,597 Farmland 66 - 1,936 3,688 4,968 2,081 - - 12,739 Real Estate - 1,028 56,568 72,890 23,131 8,297 3,410 - 165,324 Multi-Family - 410 3,974 3,078 4,487 - - - 11,949 Commercial Real Estate - 1,721 27,312 69,002 20,126 7,733 1,303 - 127,197 Home Equity – closed end - - 3,675 3,772 1,682 123 18 - 9,270 Home Equity – open end - 1,713 14,955 29,700 4,400 399 4,035 - 55,202 Commercial & Industrial (Non-Real Estate) 523 75 6,941 17,304 2,130 461 111 - 27,545 Total $ 589 $ 5,289 $ 123,414 $ 230,948 $ 69,462 $ 24,851 $ 23,270 $ - $ 477,823 Consumer Credit Exposure Credit Risk Profile Based on Payment Activity Credit Cards Consumer Performing $ 2,579 $ 59,662 Non performing 2 349 Total $ 2,581 $ 60,011 CREDIT QUALITY INDICATORS (in thousands) AS OF DECEMBER 31, 2014 Corporate Credit Exposure Credit Risk Profile by Creditworthiness Category Grade 1 Minimal Risk Grade 2 Modest Risk Grade 3 Average Risk Grade 4 Acceptable Risk Grade 5 Marginally Acceptable Grade 6 Watch Grade 7 Substandard Grade 8 Doubtful Total Construction/Land Development $ - $ 165 $ 8,460 $ 24,227 $ 9,605 $ 3,815 $ 20,909 $ - $ 67,181 Farmland 68 - 1,640 3,451 5,228 - 2,120 - 12,507 Real Estate - 629 60,290 66,464 23,934 7,083 3,849 - 162,249 Multi-Family - 468 4,145 2,183 4,979 - - - 11,775 Commercial Real Estate - 1,687 22,800 65,653 19,058 10,571 2,536 - 122,305 Home Equity – closed end - - 4,327 3,090 1,812 154 11 - 9,394 Home Equity – open end - 1,555 13,433 28,425 4,309 1,936 2,524 - 52,182 Commercial & Industrial (Non-Real Estate) 643 74 4,692 18,039 3,948 735 30 - 28,161 Total $ 711 $ 4,578 $ 119,787 $ 211,532 $ 72,873 $ 24,294 $ 31,979 $ - $ 465,754 Consumer Credit Exposure Credit Risk Profile Based on Payment Activity Credit Cards Consumer Performing $ 2,704 $ 49,582 Non performing 1 161 Total $ 2,705 $ 49,743 Description of loan grades: Grade 1 – Minimal Risk Grade 2 – Modest Risk Grade 3 – Average Risk Grade 4 – Acceptable Risk Grade 5 – Marginally acceptable s Grade 6 – Watch Grade 7 – Substandard Grade 8 – Doubtful

5. Employee Benefit Plan

5. Employee Benefit Plan	9 Months Ended
	Sep. 30, 2015
Employee Benefit Plan
5. Employee Benefit Plan	The Bank has a qualified noncontributory defined benefit pension plan that covers substantially all of its employees. The benefits are primarily based on years of service and earnings. The Bank contributed $750,000 to the plan in the first quarter of 2015 and does not anticipate additional contributions for the 2015 plan year. The following is a summary of net periodic pension costs for the nine month and three month periods ended September 30, 2015 and 2014. Nine Months Ended Three Months Ended September 30, 2015 September 30, 2014 September 30, 2015 September 30, 2014 Service cost $ 486,251 $ 375,771 $ 162,084 $ 125,257 Interest cost 308,208 283,281 102,736 94,427 Expected return on plan assets (629,114 ) (523,689 ) (209,705 ) (174,563 ) Amortization of net obligation at transition - - - - Amortization of prior service cost (11,427 ) (11,427 ) (3,809 ) (3,809 ) Amortization of net (gain) or loss 135,482 27,084 45,161 9,028 Net periodic pension cost $ 289,400 $ 151,020 $ 96,467 $ 50,340

6. Fair Value

6. Fair Value	9 Months Ended
	Sep. 30, 2015
Fair Value
6. Fair Value	Accounting Standards Codification (ASC) 820, defines fair value, establishes a framework for measuring fair value, establishes a three-level valuation hierarchy for disclosure of fair value measurement and enhances disclosure requirements for fair value measurements. The valuation hierarchy is based upon the transparency of inputs to the valuation of an asset or liability as of the measurement date. The three levels are defined as follows: Level 1 Level 2 Level 3 – The following sections provide a description of the valuation methodologies used for instruments measured at fair value, as well as the general classification of such instruments pursuant to the valuation hierarchy: Securities: Where quoted prices are available in an active market, securities are classified within Level 1 of the valuation hierarchy. Level 1 securities would include highly liquid government bonds, mortgage products and exchange traded equities. If quoted market prices are not available, then fair values are estimated by using pricing models, quoted prices of securities with similar characteristics, or discounted cash flow. Level 2 securities would include U.S. Treasury, U.S. agency securities, mortgage-backed agency securities, obligations of states and political subdivisions and certain corporate, asset backed and other securities. 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. Impaired Loans: ASC 820 applies to loans measured for impairment using the practical expedients permitted by ASC 310 including impaired loans measured at an observable market price (if available), or at the fair value of the loan’s collateral (if the loan is collateral dependent). Fair value of the loan’s collateral, when the loan is dependent on collateral, is determined by appraisals or independent valuation which is then adjusted for the cost related to liquidation of the collateral. Other Real Estate Owned: Certain assets such as other real estate owned (OREO) are measured at the lower of carrying amount or fair value less cost to sell. We believe that the fair value component in its valuation follows the provisions of ASC 820. Derivative Financial Instruments: The equity derivative contracts are purchased as part of our Indexed Certificate of Deposit (ICD) program and are an offset of an asset and liability. ICD values are measured on the S&P 500 Index. For level 3 assets and liabilities measured at fair value on a recurring basis or non-recurring basis as of September 30, 2014 and December 31, 2013, the significant unobservable inputs used in the fair value measurements were as follows: Fair Value at September 30, 2015 Valuation Technique Significant Unobservable Inputs Range Impaired Loans $ 13,398 Discounted appraised value Discount for selling costs and age of appraisals 15%-55 % Other Real Estate Owned $ 2,462 Discounted appraised value Discount for selling costs and age of appraisals 15%-55 % Fair Value at December 31, 2014 Valuation Technique Significant Unobservable Inputs Range Impaired Loans $ 13,223 Discounted appraised value Discount for selling costs and age of appraisals 15%-55 % Other Real Estate Owned $ 3,507 Discounted appraised value Discount for selling costs and age of appraisals 15%-55 % Assets and Liabilities Recorded at Fair Value on a Recurring Basis The tables below present the recorded amount of assets and liabilities measured at fair value on a recurring basis (in thousands). September 30, 2015 Total Level 1 Level 2 Level 3 U.S. Treasury Securities $ 4,047 $ - $ 4,047 Government sponsored enterprises 8,119 - 8,119 - Mortgage-backed securities 872 - 872 - Marketable equities 135 - 135 - Investment securities available for sale $ 13,173 $ - $ 13,173 $ - Total assets at fair value $ 13,173 $ - $ 13,173 $ - Total liabilities at fair value $ - $ - $ - $ - Derivative financial instruments at fair value $ 34 $ - $ 34 $ - December 31, 2014 Total Level 1 Level 2 Level 3 U. S. Treasuries Government sponsored enterprises $ 4,020 $ - $ 4,020 $ - Mortgage-backed securities 8,038 - 8,038 - Marketable equities 1,022 - 1,022 - Investment securities available for sale 135 - 135 - 13,215 - 13,215 - Total assets at fair value Total liabilities at fair value $ - $ - $ - $ - Derivative financial instruments at fair value $ 33 $ - $ 33 $ - Assets and Liabilities Recorded at Fair Value on a Non-recurring Basis September 30, 2015 Total Level 1 Level 2 Level 3 Other Real Estate Owned $ 2,462 - - $ 2,462 - - Construction/Land Development 10,195 - - 10,195 Farmland - - - - Real Estate 702 - - 702 Multi-Family - - - - Commercial Real Estate 871 - - 871 Home Equity – closed end - - - - Home Equity – open end 1,601 - - 1,601 Commercial & Industrial – Non-Real Estate - - - - Consumer - - - - Credit cards - - - - Dealer Finance 29 - - 29 Total Impaired loans 13,398 - - 13,398 Total assets at fair value $ 15,860 $ - $ - $ 15,860 Total liabilities at fair value $ - $ - $ - $ - The table below presents the recorded amount of assets and liabilities measured at fair value on a non-recurring basis (in thousands). The Company has determined that Other Real Estate Owned and Impaired Loans are Level 3. December 31, 2014 Total Level 1 Level 2 Level 3 Other Real Estate Owned $ 3,507 - - $ 3,507 - - Construction/Land Development 11,507 - - 11,507 Farmland - - - - Real Estate 825 - - 825 Multi-Family - - - - Commercial Real Estate 891 - - 891 Home Equity – closed end - - - - Home Equity – open end - - - - Commercial & Industrial – Non-Real Estate - - - - Consumer - - - - Credit cards - - - - Dealer Finance - - - - Total Impaired loans 13,223 - - 13,223 Total assets at fair value $ 16,730 - $ - $ 16,730 Total liabilities at fair value $ - $ - $ - $ -

7. Disclosures About Fair Value

7. Disclosures About Fair Value of Financial Instruments	9 Months Ended
	Sep. 30, 2015
Disclosures About Fair Value Of Financial Instruments
7. Disclosures About Fair Value of Financial Instruments	ASC 825 “Financial Instruments” defines the fair value of a financial instrument as the amount at which a financial instrument could be exchanged in a current transaction between willing parties, other than in a forced liquidation or sale. As the majority of the Bank’s financial instruments lack an available trading market, significant estimates, assumptions and present value calculations are required to determine estimated fair value. The following presents the carrying amount, fair value and placement in the fair value hierarchy of the Company’s financial instruments as of September 30, 2015 and December 31, 2014. This table excludes financial instruments for which the carrying amount approximates the fair value, which would be Level 1; inputs to the valuation methodology are quoted prices (unadjusted) for identical assets or liabilities in active markets. All financial instruments above and below are considered Level 2 with the exception of impaired loans of $13,398,000 and $13,223,000 at September 30, 2015 and December 31, 2014, respectively, which are considered level 3. Inputs to the valuation methodology include quoted prices for similar assets and liabilities in active markets, and inputs that are observable for the asset or liability, either directly or indirectly, for substantially the full term of the financial instrument (in thousands). September 30, 2015 December 31, 2014 Estimated Carrying Estimated Carrying Fair Value Value Fair Value Value Financial Assets Loans, gross $ 568,774 $ 540,415 $ 551,338 $ 518,202 Financial Liabilities Time deposits $ 170,548 $ 169,528 196,826 195,464 Long-term debt $ 39,610 $ 38,893 9,862 9,875 The carrying value of cash and cash equivalents, other investments, deposits with no stated maturities, short-term borrowings, and accrued interest approximate fair value. The fair value of securities was calculated using the most recent transaction price or a pricing model, which takes into consideration maturity, yields and quality. The remaining financial instruments were valued based on the present value of estimated future cash flows, discounted at various rates in effect for similar instruments entered into as of the end of each respective period shown above.

8. Troubled Debt Restructuring

8. Troubled Debt Restructuring	9 Months Ended
	Sep. 30, 2015
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Asset Types
8. Troubled Debt Restructuring	In the determination of the allowance for loan losses, management considers troubled debt restructurings and subsequent defaults in these restructurings by adjusting the loan grades of such loans, which figure into the environmental factors associated with the allowance. Defaults resulting in charge-offs affect the historical loss experience ratios which are a component of the allowance calculation. Additionally, specific reserves may be established on restructured loans evaluated individually. In the nine months ended September 30, 2015, there were fifteen loan modifications that were considered to be troubled debt restructurings. Modifications may have included rate adjustments, revisions to amortization schedules, suspension of principal payments for a temporary period, re-advancing funds to be applied as payments to bring the loan(s) current, or any combination thereof. Nine months ended September 30, 2015 Pre-Modification Post-Modification Outstanding Outstanding Troubled Debt Restructurings Number of Contracts Recorded Investment Recorded Investment Commercial 1 $ 978 $ 978 Real Estate 5 3,342 3,342 Home Equity 5 1,648 1,648 Consumer 4 40 40 Total 15 $ 6,008 $ 6,008 During the quarter ended September 30, 2015, there were seven loan modifications that were considered to be troubled debt restructurings. Three Months ended September 30, 2015 Pre-Modification Post-Modification Outstanding Outstanding Number of Contracts Recorded Investment Recorded Investment Troubled Debt Restructurings Commercial 1 $ 978 $ 978 Real Estate 1 612 $ 612 Home Equity 5 1,648 1,648 Total 7 $ 3,238 $ 3,238 There were no troubled debt restructurings from the previous twelve months that went into default in 2015. A restructured loan is considered in default when it becomes 90 days past due. In the nine months ended September 30, 2014, there were three (one loan during quarter ended September 30, 2014) loan modifications that were considered to be troubled debt restructurings. Modifications may have included rate adjustments, revisions to amortization schedules, suspension of principal payments for a temporary period, re-advancing funds to be applied as payments to bring the loan(s) current, or any combination thereof. Nine months ended September 30, 2014 Pre-Modification Post-Modification Outstanding Outstanding Number of Contracts Recorded Investment Recorded Investment Troubled Debt Restructurings Commercial $ - $ - Real Estate 2 181 181 Home Equity - - Credit Cards - - Consumer 1 23 23 Total $ 204 $ 204 There were no troubled debt restructurings from the previous twelve months that went into default in 2014. A restructured loan is considered in default when it becomes 90 days past due.

1. Summary of significant acc17

1. Summary of significant accounting policies (Policies)	9 Months Ended
	Sep. 30, 2015
Summary Of Significant Accounting Policies Policies
Comprehensive Income	Accounting principles generally require that recognized revenue, expenses, gains and losses be included in net income. Certain changes in assets and liabilities, such as unrealized gains and losses on available for sale securities and gains or losses on certain derivative contracts, are reported as a separate component of the equity section of the balance sheet. Such items, along with operating net income, are components of comprehensive income.
Subsequent Events	In preparing these financial statements, the Company has evaluated events and transactions for potential recognition or disclosure through the date the financial statements were issued.
Loans Held for Investment	Loans are carried on the balance sheet net of any unearned interest and the allowance for loan losses. Interest income on loans is determined using the effective interest method on the daily amount of principal outstanding except where serious doubt exists as to collectability of the loan, in which case the accrual of income is discontinued.
Loans Held for Sale	These loans consist of fixed rate loans made through its subsidiary, VBS Mortgage and loans purchased from NorthPointe Bank, Grand Rapids, MI.
Allowance for Loan Losses	The provision for loan losses charged to operations is an amount sufficient to bring the allowance for loan losses to an estimated balance that management considers adequate to absorb potential losses in the portfolio. Loans are charged against the allowance when management believes the collectability of the principal is unlikely. Recoveries of amounts previously charged-off are credited to the allowance. Management’s determination of the adequacy of the allowance is based on an evaluation of the composition of the loan portfolio, the value and adequacy of collateral, current economic conditions, historical loan loss experience, and other risk factors. Management believes that the allowance for loan losses is adequate. While management uses available information to recognize losses on loans, future additions to the allowance may be necessary based on changes in economic conditions, particularly those affecting real estate values. In addition, regulatory agencies, as an integral part of their examination process, periodically review the Company’s allowance for loan losses. Such agencies may require the Company to recognize additions to the allowance based on their judgments about information available to them at the time of their examination. A loan is considered impaired when, based on current information and events, it is probable that the Company will be unable to collect the scheduled payments of principal or interest when due according to the contractual terms of the loan agreement. Factors considered by management in determining impairment include payment status, collateral value, and the probability of collecting scheduled principal and interest payments when due. Loans that experience insignificant payment delays and payment shortfalls generally are not classified as impaired. Management determines the significance of payment delays and payment shortfalls on a case-by-case basis, taking into consideration all of the circumstances surrounding the loan and the borrower, including the length of the delay, the reasons for the delay, the borrower’s prior payment record, and the amount of the shortfall in relation to the principal and interest owed. Impairment is measured on a loan by loan basis for commercial and construction 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.
Nonaccrual Loans	Loans are placed on nonaccrual status when they become ninety days or more past due, unless there is an expectation that the loan will either be brought current or paid in full in a reasonable period of time.
Earnings per Share	Accounting guidance specifies the computation, presentation and disclosure requirements for earnings per common share (“EPS”) for entities with publicly held common stock or potential common stock such as options, warrants, convertible securities or contingent stock agreements. Basic common EPS is computed by dividing net income by the weighted average number of common shares outstanding. Diluted common EPS is similar to the computation of basic EPS except that the denominator is increased to include the number of additional common shares that would have been outstanding if the dilutive common shares had been issued. The dilutive effect of conversion of preferred stock is reflected in the diluted earnings per share calculation. Net income available to common stockholders represents consolidated net income adjusted for preferred dividends declared. The following table provides a reconciliation of net income to net income available to common stockholders for the periods presented: For the Nine months ended For the Quarter ended For the Nine months ended For the Quarter ended September 30, 2015 September 30, 2015 September 30, 2014 September 30, 2014 Earnings available to common stockholders: Net income $ 6,351,521 $ 2,229,213 $ 4,210,028 $ 1,561,179 Minority interest 115,397 39,273 26,300 8,208 Preferred stock dividends 382,500 127,500 - - Net income available to common stockholders $ 5,853,624 $ 2,062,440 $ 4,236,328 $ 1,569,387 The following table shows the effect of dilutive preferred stock conversion on the Company's earnings per share for the periods indicated. Preferred stock was not issued at September 30, 2014 therefore there is no prior year data presented . Nine months ended September 30, 2015 Quarter ended September 30, 2015 Income Shares Per Share Income Shares Per Share Basic common EPS $ 5,853,624 3,292,709 $ 1.78 $ 2,062,440 3,291,133 $ 0.63 Effect of dilutive securities: Convertible preferred stock 382,500 444,400 (0.08 ) 127,500 444,400 (0.04 ) Diluted common EPS $ 6,236,124 3,737,109 $ 1.67 $ 2,189,940 3,735,533 $ 0.59

1. Summary of significant acc18

1. Summary of significant accounting policies (Tables)	9 Months Ended
	Sep. 30, 2015
Summary Of Significant Accounting Policies Tables
Earnings per share	The following table provides a reconciliation of net income to net income available to common stockholders for the periods presented: For the Nine months ended For the Quarter ended For the Nine months ended For the Quarter ended September 30, 2015 September 30, 2015 September 30, 2014 September 30, 2014 Earnings available to common stockholders: Net income $ 6,351,521 $ 2,229,213 $ 4,210,028 $ 1,561,179 Minority interest 115,397 39,273 26,300 8,208 Preferred stock dividends 382,500 127,500 - - Net income available to common stockholders $ 5,853,624 $ 2,062,440 $ 4,236,328 $ 1,569,387 The following table shows the effect of dilutive preferred stock conversion on the Company's earnings per share for the periods indicated. Nine months ended September 30, 2015 Quarter ended September 30, 2015 Income Shares Per Share Income Shares Per Share Basic common EPS $ 5,853,624 3,292,709 $ 1.78 $ 2,062,440 3,291,133 $ 0.63 Effect of dilutive securities: Convertible preferred stock 382,500 444,400 (0.08 ) 127,500 444,400 (0.04 ) Diluted common EPS $ 6,236,124 3,737,109 $ 1.67 $ 2,189,940 3,735,533 $ 0.59

2. Investment Securities (Table

2. Investment Securities (Tables)	9 Months Ended
	Sep. 30, 2015
Investment Securities Tables
Securities Impairment	The amortized costs of investment securities held to maturity are carried in the consolidated balance sheets and their approximate market values at September 30, 2015 and December 31, 2014 are as follows (in thousands): 2015 2014 Market Market Cost Value Cost Value Securities held to maturity U. S. Treasury and agency obligations $ 125 $ 125 $ 125 $ 125 Total $ 125 $ 125 $ 125 $ 125 September 30, 2015 Unrealized Market Cost Gains Losses Value Securities available for sale U. S. Treasury $ 4,018 $ 29 $ - $ 4,047 Government sponsored enterprises 8,115 10 6 8,119 Mortgage-backed securities 858 14 - 872 Corporate equities 135 - - 135 Total $ 13,126 $ 53 $ 6 $ 13,173 December 31, 2014 Unrealized Market Cost Gains Losses Value Securities available for sale U. S. Treasury $ 4,026 $ - $ 6 $ 4,020 Government sponsored enterprises 8,039 9 10 8,038 Mortgage-backed securities 1,011 11 - 1,022 Corporate equities 135 - - 135 Total $ 13,211 $ 20 $ 16 $ 13,215
Schedule Amortized Cost and Fair Value for Securities	Expected maturities will differ from contractual maturities because borrowers may have the right to call or prepay obligations with or without call or prepayment penalties. Securities Held to Maturity Securities Available for Sale Amortized Fair Amortized Fair Cost Value Cost Value Due in one year or less $ 125 $ 125 $ - $ - Due after one year through five years - - 12,133 12,166 Due after five years - - 993 1,007 Total $ 125 $ 125 $ 13,126 $ 13,173
Schedule of Securities with Unrealized Losses	The fair value and gross unrealized losses for securities, segregated by the length of time that individual securities have been in a continuous gross unrealized loss position, at September 30, 2015 and December 31, 2014 were as follows (dollars in thousands): Less than 12 Months More than 12 Months Total Fair Value Unrealized Losses Fair Value Unrealized Losses Fair Value Unrealized Losses September 30, 2015 U. S. Treasury $ - $ - $ - $ - $ - $ - Government sponsored Enterprises 4,013 (6 ) - - 4,013 (6 ) Total $ 4,013 $ (6 ) $ - $ - $ 4,013 $ (6 ) December 31, 2014 U. S. Treasury $ 4,020 $ (6 ) $ - $ - $ 4,020 $ (6 ) Government sponsored Enterprises 2,004 (2 ) 1,991 (8 ) 3,995 (10 ) Total $ 6,024 $ (8 ) $ 1,991 $ (8 ) $ 8,015 $ (16 )

3. Loans Held for Investment (T

3. Loans Held for Investment (Tables)	9 Months Ended
	Sep. 30, 2015
Loans Held For Investment Tables
Schedule of Loans Outstanding	Loans outstanding at September 30, 2015 and December 31, 2014 are summarized as follows 2015 2014 Construction/Land Development $ 68,597 $ 67,181 Farmland 12,739 12,507 Real Estate 165,324 162,249 Multi-Family 11,949 11,775 Commercial Real Estate 127,197 122,305 Home Equity – closed end 9,270 9,394 Home Equity – open end 55,202 52,182 Commercial & Industrial – Non-Real Estate 27,545 28,161 Consumer 7,979 9,110 Dealer Finance 52,032 40,633 Credit Cards 2,581 2,705 Total $ 540,415 $ 518,202
Schedule Impaired Loans	The following is a summary of information pertaining to impaired loans (in thousands): Unpaid Average Interest Recorded Principal Related Recorded Income Investment Balance Allowance Investment Recognized Impaired loans without a valuation allowance: Construction/Land Development $ 3,307 $ 3,445 $ - $ 4,349 $ 110 Farmland - - - - - Real Estate 1,051 1,051 - 543 43 Multi-Family - - - - - Commercial Real Estate 322 322 - 1,162 13 Home Equity – closed end - - - - - Home Equity – open end 1,559 1,559 - 1,281 82 Commercial & Industrial – Non-Real Estate 183 183 - 189 9 Consumer 19 19 - 4 - Credit cards - - - - - Dealer Finance - - - - 2 6,441 6,579 7,528 259 Impaired loans with a valuation allowance Construction/Land Development 12,258 12,258 2,063 13,074 220 Farmland - - - - - Real Estate 753 753 52 817 43 Multi-Family - - - - - Commercial Real Estate 895 895 24 925 3 Home Equity – closed end - - - - - Home Equity – open end 1,649 1,649 47 330 58 Commercial & Industrial – Non-Real Estate - - - - - Consumer - - - - - Credit cards - - - - - Dealer Finance 40 40 11 32 3 15,595 15,595 2,197 15,178 327 Total impaired loans $ 22,036 $ 22,174 $ 2,197 $ 22,706 $ 586
Recorded Investment	The Recorded Investment is defined as the principal balance less principal payments and charge-offs. Unpaid Average Interest December 31, 2014 Recorded Principal Related Recorded Income Investment Balance Allowance Investment Recognized Impaired loans without a valuation allowance: Construction/Land Development $ 4,982 $ 5,402 $ - $ 5,412 $ 251 Farmland - - - 1,163 - Real Estate 141 141 - 85 5 Multi-Family - - - - - Commercial Real Estate 1,159 1,459 - 1,450 66 Home Equity – closed end - - - 123 - Home Equity – open end 1,649 1,649 - 330 57 Commercial & Industrial – Non-Real Estate 191 191 - 237 11 Consumer - - - - - Credit cards - - - - - Dealer Finance - - - - - 8,122 8,842 8,800 390 Impaired loans with a valuation allowance Construction/Land Development 12,976 14,749 1,469 12,056 326 Farmland - - - - - Real Estate 926 926 101 988 105 Multi-Family - - - - - Commercial Real Estate 938 938 47 1,030 4 Home Equity – closed end - - - 72 - Home Equity – open end - - - 40 - Commercial & Industrial – Non-Real Estate - - - - - Consumer - - - - - Credit cards - - - - - Dealer Finance - - - - - 14,840 16,613 1,617 14,186 435 Total impaired loans $ 22,962 $ 25,455 $ 1,617 $ 22,986 $ 825

4. Allowance for Loan Losses (T

4. Allowance for Loan Losses (Tables)	9 Months Ended
	Sep. 30, 2015
Allowance For Loan Losses Tables
Summary Loan Loss Allowance Transactions	A summary of the allowance for loan losses follows (in thousands): For the nine months ended September 30, 2015 Beginning Balance Charge-offs Recoveries Provision Ending Balance Individually Evaluated for Impairment Collectively Evaluated for Impairment Allowance for loan losses: Construction/Land Development $ 4,738 $ 138 $ 83 $ 471 $ 5,154 $ 2,063 $ 3,091 Farmland 102 - - (15 ) 87 - 87 Real Estate 623 25 - (112 ) 486 51 435 Multi-Family 95 - - (13 ) 82 - 82 Commercial Real Estate 126 - 47 (78 ) 95 24 71 Home Equity – closed end 188 26 6 (8 ) 160 - 160 Home Equity – open end 154 51 - 82 185 48 137 Commercial & Industrial – Non-Real Estate 1,014 - 60 (246 ) 828 - 828 Consumer 214 23 23 (9 ) 205 - 205 Dealer Finance 1,336 111 20 232 1,477 11 1,466 Credit Cards 135 56 36 (4 ) 111 - 111 Total $ 8,725 $ 430 $ 275 $ 300 $ 8,870 $ 2,197 $ 6,673 For the year ended December 31, 2014 Beginning Balance Charge-offs Recoveries Provision Ending Balance Individually Evaluated for Impairment Collectively Evaluated for Impairment Allowance for loan losses: Construction/Land Development $ 4,007 $ 1,611 $ 223 $ 2,119 $ 4,738 $ 1,469 $ 3,269 Farmland (2 ) - - 104 102 - 102 Real Estate 400 208 - 431 623 101 522 Multi-Family - - - 95 95 - 95 Commercial Real Estate 777 - 108 (759 ) 126 47 79 Home Equity – closed end 157 - - 31 188 - 188 Home Equity – open end 476 80 - (242 ) 154 - 154 Commercial & Industrial – Non-Real Estate 1,464 385 356 (421 ) 1,014 - 1,014 Consumer 156 33 33 58 214 - 214 Dealer Finance 628 107 6 809 1,336 - 1,336 Credit Cards 121 46 35 25 135 - 135 Total $ 8,184 $ 2,470 $ 761 $ 2,250 $ 8,725 $ 1,617 $ 7,108 September 30, 2015 Loan Receivable Individually Evaluated for Impairment Collectively Evaluated for Impairment Construction/Land Development $ 68,597 $ 15,565 $ 53,032 Farmland 12,739 - 12,739 Real Estate 165,324 1,804 163,520 Multi-Family 11,949 - 11,949 Commercial Real Estate 127,197 1,217 125,980 Home Equity – closed end 9,270 - 9,270 Home Equity –open end 55,202 3,208 51,994 Commercial & Industrial – Non-Real Estate 27,545 183 27,362 Consumer 7,979 19 7,960 Dealer Finance 52,032 40 51,992 Credit Cards 2,581 - 2,581 $ 540,415 $ 22,036 $ 518,379 Total
Recorded Investment in Loan Receivables	Recorded Investment in Loan Receivables (in thousands) December 31, 2014 Loan Receivable Individually Evaluated for Impairment Collectively Evaluated for Impairment Construction/Land Development $ 67,181 $ 17,958 $ 49,223 Farmland 12,507 - 12,507 Real Estate 162,249 1,067 161,182 Multi-Family 11,775 - 11,775 Commercial Real Estate 122,305 2,097 120,208 Home Equity – closed end 9,394 - 9,394 Home Equity –open end 52,182 1,649 50,533 Commercial & Industrial – Non-Real Estate 28,161 191 27,970 Consumer 9,110 - 9,110 Dealer Finance 40,633 40,633 Credit Cards 2,705 - 2,705 $ 518,202 $ 22,962 $ 495,240 Total
Schedule of Aging of Past Due Receivables	Aging of Past Due Loans Receivable (in thousands) as of September 30, 2015 30-59 Days Past due 60-89 Days Past Due Greater than 90 Days (excluding non-accrual) Non-Accrual Loans Total Past Due Current Total Loan Receivable September 30, 2015 Construction/Land Development $ 254 $ 2,030 $ - $ 4,761 $ 7,045 $ 61,552 $ 68,597 Farmland - - - - - 12,739 12,739 Real Estate 2,954 1,118 62 1,066 5,200 160,124 165,324 Multi-Family - - - - - 11,949 11,949 Commercial Real Estate 315 - - - 315 126,882 127,197 Home Equity – closed end 42 4 - - 46 9,224 9,270 Home Equity – open end 520 224 30 41 815 54,387 55,202 Commercial & Industrial – Non- Real Estate 33 59 - 75 167 27,378 27,545 Consumer 44 15 - - 59 7,920 7,979 Dealer Finance 706 286 - 349 1,341 50,691 52,032 Credit Cards 36 8 2 - 46 2,535 2,581 Total $ 4,904 $ 3,744 $ 94 $ 6,292 $ 15,034 $ 525,381 $ 540,415 Aging of Past Due Loans Receivable (in thousands) as of December 31, 2014 30-59 Days Past due 60-89 Days Past Due Greater than 90 Days (excluding non-accrual) Non-Accrual Loans Total Past Due Current Total Loan Receivable December 31, 2014 Construction/Land Development $ 205 $ 166 $ - $ 4,508 $ 4,879 $ 62,302 $ 67,181 Farmland - - - - - 12,507 12,507 Real Estate 5,085 635 - 973 6,693 155,556 162,249 Multi-Family - - - - - 11,775 11,775 Commercial Real Estate 747 - - 1,165 1,912 120,393 122,305 Home Equity – closed end 162 15 - 10 187 9,207 9,394 Home Equity – open end 730 25 - 143 898 51,284 52,182 Commercial & Industrial – Non- Real Estate - - - 14 14 28,147 28,161 Consumer 290 9 - - 299 8,811 9,110 Dealer Finance 696 189 - 161 1,046 39,587 40,633 Credit Cards 36 - 1 - 37 2,668 2,705 Total $ 7,951 $ 1,039 $ 1 $ 6,974 $ 15,965 $ 502,237 $ 518,202
Corporate Credit Exposure	CREDIT QUALITY INDICATORS (in thousands) AS OF SEPTEMBER 30, 2015 Corporate Credit Exposure Credit Risk Profile by Creditworthiness Category Grade 1 Minimal Risk Grade 2 Modest Risk Grade 3 Average Risk Grade 4 Acceptable Risk Grade 5 Marginally Acceptable Grade 6 Watch Grade 7 Substandard Grade 8 Doubtful Total Construction/Land Development $ - $ 342 $ 8,053 $ 31,514 $ 8,538 $ 5,757 $ 14,393 $ - $ 68,597 Farmland 66 - 1,936 3,688 4,968 2,081 - - 12,739 Real Estate - 1,028 56,568 72,890 23,131 8,297 3,410 - 165,324 Multi-Family - 410 3,974 3,078 4,487 - - - 11,949 Commercial Real Estate - 1,721 27,312 69,002 20,126 7,733 1,303 - 127,197 Home Equity – closed end - - 3,675 3,772 1,682 123 18 - 9,270 Home Equity – open end - 1,713 14,955 29,700 4,400 399 4,035 - 55,202 Commercial & Industrial (Non-Real Estate) 523 75 6,941 17,304 2,130 461 111 - 27,545 Total $ 589 $ 5,289 $ 123,414 $ 230,948 $ 69,462 $ 24,851 $ 23,270 $ - $ 477,823 CREDIT QUALITY INDICATORS (in thousands) AS OF DECEMBER 31, 2014 Corporate Credit Exposure Credit Risk Profile by Creditworthiness Category Grade 1 Minimal Risk Grade 2 Modest Risk Grade 3 Average Risk Grade 4 Acceptable Risk Grade 5 Marginally Acceptable Grade 6 Watch Grade 7 Substandard Grade 8 Doubtful Total Construction/Land Development $ - $ 165 $ 8,460 $ 24,227 $ 9,605 $ 3,815 $ 20,909 $ - $ 67,181 Farmland 68 - 1,640 3,451 5,228 - 2,120 - 12,507 Real Estate - 629 60,290 66,464 23,934 7,083 3,849 - 162,249 Multi-Family - 468 4,145 2,183 4,979 - - - 11,775 Commercial Real Estate - 1,687 22,800 65,653 19,058 10,571 2,536 - 122,305 Home Equity – closed end - - 4,327 3,090 1,812 154 11 - 9,394 Home Equity – open end - 1,555 13,433 28,425 4,309 1,936 2,524 - 52,182 Commercial & Industrial (Non-Real Estate) 643 74 4,692 18,039 3,948 735 30 - 28,161 Total $ 711 $ 4,578 $ 119,787 $ 211,532 $ 72,873 $ 24,294 $ 31,979 $ - $ 465,754
Consumer Credit Exposure	Consumer Credit Exposure Credit Risk Profile Based on Payment Activity Credit Cards Consumer Performing $ 2,579 $ 59,662 Non performing 2 349 Total $ 2,581 $ 60,011 Consumer Credit Exposure Credit Risk Profile Based on Payment Activity Credit Cards Consumer Performing $ 2,704 $ 49,582 Non performing 1 161 Total $ 2,705 $ 49,743

5. Employee Benefit Plan (Table

5. Employee Benefit Plan (Tables)	9 Months Ended
	Sep. 30, 2015
EmployeeBenefitPlanTablesAbstract
Schedule of Employee Benefit Plan	The following is a summary of net periodic pension costs for the nine month and three month periods ended September 30, 2015 and 2014. Nine Months Ended Three Months Ended September 30, 2015 September 30, 2014 September 30, 2015 September 30, 2014 Service cost $ 486,251 $ 375,771 $ 162,084 $ 125,257 Interest cost 308,208 283,281 102,736 94,427 Expected return on plan assets (629,114 ) (523,689 ) (209,705 ) (174,563 ) Amortization of net obligation at transition - - - - Amortization of prior service cost (11,427 ) (11,427 ) (3,809 ) (3,809 ) Amortization of net (gain) or loss 135,482 27,084 45,161 9,028 Net periodic pension cost $ 289,400 $ 151,020 $ 96,467 $ 50,340

6. Fair Value (Tables)

6. Fair Value (Tables)	9 Months Ended
	Sep. 30, 2015
Fair Value Tables
Fair value measurements	For level 3 assets and liabilities measured at fair value on a recurring basis or non-recurring basis as of September 30, 2014 and December 31, 2013, the significant unobservable inputs used in the fair value measurements were as follows: Fair Value at September 30, 2015 Valuation Technique Significant Unobservable Inputs Range Impaired Loans $ 13,398 Discounted appraised value Discount for selling costs and age of appraisals 15%-55 % Other Real Estate Owned $ 2,462 Discounted appraised value Discount for selling costs and age of appraisals 15%-55 % Fair Value at December 31, 2014 Valuation Technique Significant Unobservable Inputs Range Impaired Loans $ 13,223 Discounted appraised value Discount for selling costs and age of appraisals 15%-55 % Other Real Estate Owned $ 3,507 Discounted appraised value Discount for selling costs and age of appraisals 15%-55 %
Schedule Assets and Liabilities at Fair Value on Recurring Basis	The tables below present the recorded amount of assets and liabilities measured at fair value on a recurring basis (in thousands). September 30, 2015 Total Level 1 Level 2 Level 3 U.S. Treasury Securities $ 4,047 $ - $ 4,047 Government sponsored enterprises 8,119 - 8,119 - Mortgage-backed securities 872 - 872 - Marketable equities 135 - 135 - Investment securities available for sale $ 13,173 $ - $ 13,173 $ - Total assets at fair value $ 13,173 $ - $ 13,173 $ - Total liabilities at fair value $ - $ - $ - $ - Derivative financial instruments at fair value $ 34 $ - $ 34 $ - December 31, 2014 Total Level 1 Level 2 Level 3 U. S. Treasuries Government sponsored enterprises $ 4,020 $ - $ 4,020 $ - Mortgage-backed securities 8,038 - 8,038 - Marketable equities 1,022 - 1,022 - Investment securities available for sale 135 - 135 - 13,215 - 13,215 - Total assets at fair value Total liabilities at fair value $ - $ - $ - $ - Derivative financial instruments at fair value $ 33 $ - $ 33 $ -
Schedule of Assets and Liabilities at Fair Value on Non-recurring Basis	Assets and Liabilities Recorded at Fair Value on a Non-recurring Basis September 30, 2015 Total Level 1 Level 2 Level 3 Other Real Estate Owned $ 2,462 - - $ 2,462 - - Construction/Land Development 10,195 - - 10,195 Farmland - - - - Real Estate 702 - - 702 Multi-Family - - - - Commercial Real Estate 871 - - 871 Home Equity – closed end - - - - Home Equity – open end 1,601 - - 1,601 Commercial & Industrial – Non-Real Estate - - - - Consumer - - - - Credit cards - - - - Dealer Finance 29 - - 29 Total Impaired loans 13,398 - - 13,398 Total assets at fair value $ 15,860 $ - $ - $ 15,860 Total liabilities at fair value $ - $ - $ - $ - The table below presents the recorded amount of assets and liabilities measured at fair value on a non-recurring basis (in thousands). The Company has determined that Other Real Estate Owned and Impaired Loans are Level 3. December 31, 2014 Total Level 1 Level 2 Level 3 Other Real Estate Owned $ 3,507 - - $ 3,507 - - Construction/Land Development 11,507 - - 11,507 Farmland - - - - Real Estate 825 - - 825 Multi-Family - - - - Commercial Real Estate 891 - - 891 Home Equity – closed end - - - - Home Equity – open end - - - - Commercial & Industrial – Non-Real Estate - - - - Consumer - - - - Credit cards - - - - Dealer Finance - - - - Total Impaired loans 13,223 - - 13,223 Total assets at fair value $ 16,730 - $ - $ 16,730 Total liabilities at fair value $ - $ - $ - $ -

7. Disclosures About Fair Val24

7. Disclosures About Fair Value of Financial Instruments (Tables)	9 Months Ended
	Sep. 30, 2015
Disclosures About Fair Value Of Financial Instruments Tables
Carrying Value and Estimated Fair Value for Financial Instruments	Inputs to the valuation methodology include quoted prices for similar assets and liabilities in active markets, and inputs that are observable for the asset or liability, either directly or indirectly, for substantially the full term of the financial instrument (in thousands). September 30, 2015 December 31, 2014 Estimated Carrying Estimated Carrying Fair Value Value Fair Value Value Financial Assets Loans, gross $ 568,774 $ 540,415 $ 551,338 $ 518,202 Financial Liabilities Time deposits $ 170,548 $ 169,528 196,826 195,464 Long-term debt $ 39,610 $ 38,893 9,862 9,875

8. Troubled Debt Restructuring

8. Troubled Debt Restructuring (Tables)	9 Months Ended
	Sep. 30, 2015
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Asset Types
Troubled debt restructuring	Modifications may have included rate adjustments, revisions to amortization schedules, suspension of principal payments for a temporary period, re-advancing funds to be applied as payments to bring the loan(s) current, or any combination thereof. Nine months ended September 30, 2015 Pre-Modification Post-Modification Outstanding Outstanding Troubled Debt Restructurings Number of Contracts Recorded Investment Recorded Investment Commercial 1 $ 978 $ 978 Real Estate 5 3,342 3,342 Home Equity 5 1,648 1,648 Consumer 4 40 40 Total 15 $ 6,008 $ 6,008 During the quarter ended September 30, 2015, there were seven loan modifications that were considered to be troubled debt restructurings. Three Months ended September 30, 2015 Pre-Modification Post-Modification Outstanding Outstanding Number of Contracts Recorded Investment Recorded Investment Troubled Debt Restructurings Commercial 1 $ 978 $ 978 Real Estate 1 612 $ 612 Home Equity 5 1,648 1,648 Total 7 $ 3,238 $ 3,238 Modifications may have included rate adjustments, revisions to amortization schedules, suspension of principal payments for a temporary period, re-advancing funds to be applied as payments to bring the loan(s) current, or any combination thereof. Nine months ended September 30, 2014 Pre-Modification Post-Modification Outstanding Outstanding Number of Contracts Recorded Investment Recorded Investment Troubled Debt Restructurings Commercial $ - $ - Real Estate 2 181 181 Home Equity - - Credit Cards - - Consumer 1 23 23 Total $ 204 $ 204

1. Summary of significant acc26

1. Summary of significant accounting policies (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Earnings Available to Common Stockholders:
Net Income	$ 2,229	$ 1,561	$ 6,352	$ 4,210
Minority interest	39	$ 8	115	$ 26
Preferred Stock Dividends	128		383
Net Income Available to Common Stockholders	$ 2,062	$ 1,569	$ 5,854	$ 4,236

1. Summary of significant acc27

1. Summary of significant accounting policies (Details 1) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Summary Of Significant Accounting Policies
Basic common EPS, Income	$ 2,062	$ 1,569	$ 5,854	$ 4,236
Effect of Dilutive Securities Convertible Preferred Stock, Income	128		383
Diluted common EPS, Income	$ 2,190	$ 1,569	$ 6,237	$ 4,236
Diluted common EPS, Shares	3,291,133	3,289,743	3,292,709	3,061,432
Effect of Dilutive Securities Convertible Preferred Stock, Shares	444,400		444,400
Diluted common EPS, Shares	3,735,533	3,289,743	3,737,109	3,061,432
Basic common EPS, Per Shares	$ 0.63	$ 0.48	$ 1.78	$ 1.38
Effect of Dilutive Securities Convertible Preferred Stock, Per Shares	(0.04)		(0.08)
Diluted common EPS, Per Shares	$ 0.59	$ 0.48	$ 1.67	$ 1.38

2. Investment Securities (Detai

2. Investment Securities (Details) - USD ($) $ in Thousands	9 Months Ended	12 Months Ended
	Sep. 30, 2015	Dec. 31, 2014
Available-for-Sale Securities
Cost	$ 13,126	$ 13,211
Unrealized Gains	53	20
Unrealized Losses	6	16
Market Value	13,173	13,215
Held-to-Maturity Securities
Amortized Cost - Held-to-Maturity	125	125
Market Value - Held-to-Maturity	125	125
U. S. Treasury [Member]
Available-for-Sale Securities
Cost	4,018	$ 4,026
Unrealized Gains	$ 29
Unrealized Losses		$ 6
Market Value	$ 4,047	4,020
Government sponsored enterprises [Member]
Available-for-Sale Securities
Cost	8,115	8,039
Unrealized Gains	10	9
Unrealized Losses	6	10
Market Value	8,119	8,038
Mortgage Backed Securities [Member]
Available-for-Sale Securities
Cost	858	1,011
Unrealized Gains	$ 14	$ 11
Unrealized Losses
Market Value	$ 872	$ 1,022
Corporate equities [Member]
Available-for-Sale Securities
Cost	$ 135	$ 135
Unrealized Gains
Unrealized Losses
Market Value	$ 135	$ 135
U. S. Treasury and agency obligations [Member]
Held-to-Maturity Securities
Amortized Cost - Held-to-Maturity	125	125
Market Value - Held-to-Maturity	$ 125	$ 125

2. Investment Securities (Det29

2. Investment Securities (Details 1) - USD ($) $ in Thousands	Sep. 30, 2015	Dec. 31, 2014
Total, Amortized Cost	$ 125	$ 125
Total, Fair Value	125	$ 125
Held to maturity Securities [Member]
Due in one year or less, Amortized Cost	$ 125
Due after one year through five years, Amortized Cost
Due after five years, Amortized Cost
Total, Amortized Cost	$ 125
Due in one year or less, Fair Value	$ 125
Due after one year through five years, Fair Value
Due after five years, Fair Value
Total, Fair Value	$ 125
Investment securities available for sale [Member]
Due in one year or less, Amortized Cost
Due after one year through five years, Amortized Cost	$ 12,133
Due after five years, Amortized Cost	993
Total, Amortized Cost	$ 13,126
Due in one year or less, Fair Value
Due after one year through five years, Fair Value	$ 12,166
Due after five years, Fair Value	1,007
Total, Fair Value	$ 13,173

2. Investment securities (Det30

2. Investment securities (Details 2) - USD ($) $ in Thousands	Sep. 30, 2015	Dec. 31, 2014
Fair Value Less than 12 Months	$ 4,013	$ 6,024
Unrealized Losses Less than 12 Months	$ (6)	(8)
Fair Value More than 12 Months		1,991
Unrealized Losses More than 12 Months		(8)
Fair Value Total	$ 4,013	8,015
Unrealized Losses Total	$ (6)	(16)
U. S. Treasury [Member]
Fair Value Less than 12 Months		4,020
Unrealized Losses Less than 12 Months		$ (6)
Fair Value More than 12 Months
Unrealized Losses More than 12 Months
Fair Value Total		$ 4,020
Unrealized Losses Total		(6)
Government sponsored enterprises [Member]
Fair Value Less than 12 Months	$ 4,013	2,004
Unrealized Losses Less than 12 Months	$ (6)	(2)
Fair Value More than 12 Months		1,991
Unrealized Losses More than 12 Months		(8)
Fair Value Total	$ 4,013	3,995
Unrealized Losses Total	$ (6)	$ (10)

3. Loans Held for Investment (D

3. Loans Held for Investment (Details) - USD ($) $ in Thousands	Sep. 30, 2015	Dec. 31, 2014
Loans outstanding	$ 540,415	$ 518,202
Construction/Land Development [Member]
Loans outstanding	68,597	67,181
Farmland [Member]
Loans outstanding	12,739	12,507
Real Estate [Member]
Loans outstanding	165,324	162,249
Multi-Family [Member]
Loans outstanding	11,949	11,775
Commercial [Member]
Loans outstanding	127,197	122,305
Home Equity - Closed End [Member]
Loans outstanding	9,270	9,394
Home Equity [Member]
Loans outstanding	55,202	52,182
Commercial & Industrial - Non-Real Estate [Member]
Loans outstanding	27,545	28,161
Consumer [Member]
Loans outstanding	7,979	9,110
Dealer Finance [Member]
Loans outstanding	52,032	40,633
Credit Cards [Member]
Loans outstanding	$ 2,581	$ 2,705

3. Loans Held for Investment 32

3. Loans Held for Investment (Details 1) - USD ($) $ in Thousands	Sep. 30, 2015	Dec. 31, 2014
Impaired loans without a valuation allowance
Recorded Investment	$ 6,441	$ 8,122
Unpaid Principal Balance	6,579	$ 8,842
Related Allowance
Average Recorded Investment	7,528	$ 8,800
Interest Income Recognized	259	390
Impaired loans with a valuation allowance
Recorded Investment	15,595	14,840
Unpaid Principal Balance	15,595	16,613
Related Allowance	2,197	1,617
Average Recorded Investment	15,178	14,186
Interest Income Recognized	327	435
Total impaired loans
Recorded Investment	22,036	22,962
Unpaid Principal Balance	22,174	25,455
Related Allowance	2,197	1,617
Average Recorded Investment	22,706	22,986
Interest Income Recognized	586	825
Construction/Land Development [Member]
Impaired loans without a valuation allowance
Recorded Investment	3,307	4,982
Unpaid Principal Balance	$ 3,445	$ 5,402
Related Allowance
Average Recorded Investment	$ 4,349	$ 5,412
Interest Income Recognized	110	251
Impaired loans with a valuation allowance
Recorded Investment	12,258	12,976
Unpaid Principal Balance	12,258	14,749
Related Allowance	2,063	1,469
Average Recorded Investment	13,074	12,056
Interest Income Recognized	$ 220	$ 326
Farmland [Member]
Impaired loans without a valuation allowance
Recorded Investment
Unpaid Principal Balance
Related Allowance
Average Recorded Investment		$ 1,163
Interest Income Recognized
Impaired loans with a valuation allowance
Recorded Investment
Unpaid Principal Balance
Related Allowance
Average Recorded Investment
Interest Income Recognized
Real Estate [Member]
Impaired loans without a valuation allowance
Recorded Investment	$ 1,051	$ 141
Unpaid Principal Balance	$ 1,051	$ 141
Related Allowance
Average Recorded Investment	$ 543	$ 85
Interest Income Recognized	43	5
Impaired loans with a valuation allowance
Recorded Investment	753	926
Unpaid Principal Balance	753	926
Related Allowance	52	101
Average Recorded Investment	817	988
Interest Income Recognized	$ 43	$ 105
Multi-Family [Member]
Impaired loans without a valuation allowance
Recorded Investment
Unpaid Principal Balance
Related Allowance
Average Recorded Investment
Interest Income Recognized
Impaired loans with a valuation allowance
Recorded Investment
Unpaid Principal Balance
Related Allowance
Average Recorded Investment
Interest Income Recognized
Commercial [Member]
Impaired loans without a valuation allowance
Recorded Investment	$ 322	$ 1,159
Unpaid Principal Balance	$ 322	$ 1,459
Related Allowance
Average Recorded Investment	$ 1,162	$ 1,450
Interest Income Recognized	13	66
Impaired loans with a valuation allowance
Recorded Investment	895	938
Unpaid Principal Balance	895	938
Related Allowance	24	47
Average Recorded Investment	925	1,030
Interest Income Recognized	$ 3	$ 4
Home Equity - Closed End [Member]
Impaired loans without a valuation allowance
Recorded Investment
Unpaid Principal Balance
Related Allowance
Average Recorded Investment		$ 123
Interest Income Recognized
Impaired loans with a valuation allowance
Recorded Investment
Unpaid Principal Balance
Related Allowance
Average Recorded Investment		$ 72
Interest Income Recognized
Home Equity [Member]
Impaired loans without a valuation allowance
Recorded Investment	$ 1,559	$ 1,649
Unpaid Principal Balance	$ 1,559	$ 1,649
Related Allowance
Average Recorded Investment	$ 1,281	$ 330
Interest Income Recognized	82	$ 57
Impaired loans with a valuation allowance
Recorded Investment	1,649
Unpaid Principal Balance	1,649
Related Allowance	47
Average Recorded Investment	330	$ 40
Interest Income Recognized	58
Commercial & Industrial - Non-Real Estate [Member]
Impaired loans without a valuation allowance
Recorded Investment	183	$ 191
Unpaid Principal Balance	$ 183	$ 191
Related Allowance
Average Recorded Investment	$ 189	$ 237
Interest Income Recognized	$ 9	$ 11
Impaired loans with a valuation allowance
Recorded Investment
Unpaid Principal Balance
Related Allowance
Average Recorded Investment
Interest Income Recognized
Consumer [Member]
Impaired loans without a valuation allowance
Recorded Investment	$ 19
Unpaid Principal Balance	$ 19
Related Allowance
Average Recorded Investment	$ 4
Interest Income Recognized
Impaired loans with a valuation allowance
Recorded Investment
Unpaid Principal Balance
Related Allowance
Average Recorded Investment
Interest Income Recognized
Credit Cards [Member]
Impaired loans without a valuation allowance
Recorded Investment
Unpaid Principal Balance
Related Allowance
Average Recorded Investment
Interest Income Recognized
Impaired loans with a valuation allowance
Recorded Investment
Unpaid Principal Balance
Related Allowance
Average Recorded Investment
Interest Income Recognized
Dealer Finance [Member]
Impaired loans without a valuation allowance
Recorded Investment
Unpaid Principal Balance
Related Allowance
Average Recorded Investment
Interest Income Recognized	$ 2
Impaired loans with a valuation allowance
Recorded Investment	40
Unpaid Principal Balance	40
Related Allowance	11
Average Recorded Investment	32
Interest Income Recognized	$ 3

4. Allowance for Loan Losses (D

4. Allowance for Loan Losses (Details) - USD ($) $ in Thousands	9 Months Ended	12 Months Ended
	Sep. 30, 2015	Dec. 31, 2014
Beginning Balance	$ 8,725	$ 8,184
Charge-offs	430	2,470
Recoveries	275	761
Provision	300	2,250
Ending Balance	8,870	8,725
Individually Evaluated for Impairment	2,197	1,617
Collectively Evaluated for Impairment	6,673	7,108
Construction/Land Development [Member]
Beginning Balance	4,738	4,007
Charge-offs	138	1,611
Recoveries	83	223
Provision	471	2,119
Ending Balance	5,154	4,738
Individually Evaluated for Impairment	2,063	1,469
Collectively Evaluated for Impairment	3,091	3,269
Farmland [Member]
Beginning Balance	$ 102	$ (2)
Charge-offs
Recoveries
Provision	$ (15)	$ 104
Ending Balance	$ 87	$ 102
Individually Evaluated for Impairment
Collectively Evaluated for Impairment	$ 87	$ 102
Real Estate [Member]
Beginning Balance	623	400
Charge-offs	$ 25	$ 208
Recoveries
Provision	$ (112)	$ 431
Ending Balance	486	623
Individually Evaluated for Impairment	51	101
Collectively Evaluated for Impairment	435	$ 522
Multi-Family [Member]
Beginning Balance	$ 95
Charge-offs
Recoveries
Provision	$ (13)	$ 95
Ending Balance	$ 82	$ 95
Individually Evaluated for Impairment
Collectively Evaluated for Impairment	$ 82	$ 95
Commercial [Member]
Beginning Balance	$ 126	$ 777
Charge-offs
Recoveries	$ 47	$ 108
Provision	(78)	(759)
Ending Balance	95	126
Individually Evaluated for Impairment	24	47
Collectively Evaluated for Impairment	71	79
Home Equity - Closed End [Member]
Beginning Balance	188	$ 157
Charge-offs	26
Recoveries	6
Provision	(8)	$ 31
Ending Balance	$ 160	$ 188
Individually Evaluated for Impairment
Collectively Evaluated for Impairment	$ 160	$ 188
Home Equity [Member]
Beginning Balance	154	476
Charge-offs	$ 51	$ 80
Recoveries
Provision	$ 82	$ (242)
Ending Balance	185	$ 154
Individually Evaluated for Impairment	48
Collectively Evaluated for Impairment	137	$ 154
Commercial & Industrial - Non-Real Estate [Member]
Beginning Balance	$ 1,014	1,464
Charge-offs		385
Recoveries	$ 60	356
Provision	(246)	(421)
Ending Balance	$ 828	$ 1,014
Individually Evaluated for Impairment
Collectively Evaluated for Impairment	$ 828	$ 1,014
Consumer [Member]
Beginning Balance	214	156
Charge-offs	23	33
Recoveries	23	33
Provision	(9)	58
Ending Balance	$ 205	$ 214
Individually Evaluated for Impairment
Collectively Evaluated for Impairment	$ 205	$ 214
Dealer Finance [Member]
Beginning Balance	1,336	628
Charge-offs	111	107
Recoveries	20	6
Provision	232	809
Ending Balance	1,477	$ 1,336
Individually Evaluated for Impairment	11
Collectively Evaluated for Impairment	1,466	$ 1,336
Credit Cards [Member]
Beginning Balance	135	121
Charge-offs	56	46
Recoveries	36	35
Provision	(4)	25
Ending Balance	$ 111	$ 135
Individually Evaluated for Impairment
Collectively Evaluated for Impairment	$ 111	$ 135

4. Allowance for Loan Losses 34

4. Allowance for Loan Losses (Details 1) - USD ($) $ in Thousands	Sep. 30, 2015	Dec. 31, 2014
Loan Receivable	$ 540,415	$ 518,202
Individually Evaluated for Impairment	22,036	22,962
Collectively Evaluated for Impairment	518,379	495,240
Construction/Land Development [Member]
Loan Receivable	68,597	67,181
Individually Evaluated for Impairment	15,565	17,958
Collectively Evaluated for Impairment	53,032	49,223
Farmland [Member]
Loan Receivable	$ 12,739	$ 12,507
Individually Evaluated for Impairment
Collectively Evaluated for Impairment	$ 12,739	$ 12,507
Real Estate [Member]
Loan Receivable	165,324	162,249
Individually Evaluated for Impairment	1,804	1,067
Collectively Evaluated for Impairment	163,520	161,182
Multi-Family [Member]
Loan Receivable	$ 11,949	$ 11,775
Individually Evaluated for Impairment
Collectively Evaluated for Impairment	$ 11,949	$ 11,775
Commercial [Member]
Loan Receivable	127,197	122,305
Individually Evaluated for Impairment	1,217	2,097
Collectively Evaluated for Impairment	125,980	120,208
Home Equity - Closed End [Member]
Loan Receivable	$ 9,270	$ 9,394
Individually Evaluated for Impairment
Collectively Evaluated for Impairment	$ 9,270	$ 9,394
Home Equity [Member]
Loan Receivable	55,202	52,182
Individually Evaluated for Impairment	3,208	1,649
Collectively Evaluated for Impairment	51,994	50,533
Commercial & Industrial - Non-Real Estate [Member]
Loan Receivable	27,545	28,161
Individually Evaluated for Impairment	183	191
Collectively Evaluated for Impairment	27,362	27,970
Consumer [Member]
Loan Receivable	7,979	$ 9,110
Individually Evaluated for Impairment	19
Collectively Evaluated for Impairment	7,960	$ 9,110
Dealer Finance [Member]
Loan Receivable	52,032	40,633
Individually Evaluated for Impairment	40
Collectively Evaluated for Impairment	51,992	40,633
Credit Cards [Member]
Loan Receivable	$ 2,581	$ 2,705
Individually Evaluated for Impairment
Collectively Evaluated for Impairment	$ 2,581	$ 2,705

4. Allowance for Loan Losses 35

4. Allowance for Loan Losses (Details 2) - USD ($) $ in Thousands	Sep. 30, 2015	Dec. 31, 2014
30-59 Days Past due	$ 4,904	$ 7,951
60-89 Days Past due	3,744	1,039
Greater than 90 Days (excluding non-accrual)	94	1
Non-Accrual Loans	6,292	6,974
Total past due	15,034	15,965
Current	525,381	502,237
Total Loans Receivable	540,415	518,202
Construction/Land Development [Member]
30-59 Days Past due	254	205
60-89 Days Past due	$ 2,030	$ 166
Greater than 90 Days (excluding non-accrual)
Non-Accrual Loans	$ 4,761	$ 4,508
Total past due	7,045	4,879
Current	61,552	62,302
Total Loans Receivable	$ 68,597	$ 67,181
Farmland [Member]
30-59 Days Past due
60-89 Days Past due
Greater than 90 Days (excluding non-accrual)
Non-Accrual Loans
Total past due
Current	$ 12,739	$ 12,507
Total Loans Receivable	12,739	12,507
Real Estate [Member]
30-59 Days Past due	2,954	5,085
60-89 Days Past due	1,118	$ 635
Greater than 90 Days (excluding non-accrual)	62
Non-Accrual Loans	1,066	$ 973
Total past due	5,200	6,693
Current	160,124	155,556
Total Loans Receivable	$ 165,324	$ 162,249
Multi-Family [Member]
30-59 Days Past due
60-89 Days Past due
Greater than 90 Days (excluding non-accrual)
Non-Accrual Loans
Total past due
Current	$ 11,949	$ 11,775
Total Loans Receivable	11,949	11,775
Commercial [Member]
30-59 Days Past due	$ 315	$ 747
60-89 Days Past due
Greater than 90 Days (excluding non-accrual)
Non-Accrual Loans		$ 1,165
Total past due	$ 315	1,912
Current	126,882	120,393
Total Loans Receivable	127,197	122,305
Home Equity - Closed End [Member]
30-59 Days Past due	42	162
60-89 Days Past due	$ 4	$ 15
Greater than 90 Days (excluding non-accrual)
Non-Accrual Loans		$ 10
Total past due	$ 46	187
Current	9,224	9,207
Total Loans Receivable	9,270	9,394
Home Equity [Member]
30-59 Days Past due	520	730
60-89 Days Past due	224	$ 25
Greater than 90 Days (excluding non-accrual)	30
Non-Accrual Loans	41	$ 143
Total past due	815	898
Current	54,387	51,284
Total Loans Receivable	55,202	$ 52,182
Commercial & Industrial - Non-Real Estate [Member]
30-59 Days Past due	33
60-89 Days Past due	$ 59
Greater than 90 Days (excluding non-accrual)
Non-Accrual Loans	$ 75	$ 14
Total past due	167	14
Current	27,378	28,147
Total Loans Receivable	27,545	28,161
Consumer [Member]
30-59 Days Past due	44	290
60-89 Days Past due	$ 15	$ 9
Greater than 90 Days (excluding non-accrual)
Non-Accrual Loans
Total past due	$ 59	$ 299
Current	7,920	8,811
Total Loans Receivable	7,979	9,110
Dealer Finance [Member]
30-59 Days Past due	706	696
60-89 Days Past due	$ 286	$ 189
Greater than 90 Days (excluding non-accrual)
Non-Accrual Loans	$ 349	$ 161
Total past due	1,341	1,046
Current	50,691	39,587
Total Loans Receivable	52,032	40,633
Credit Cards [Member]
30-59 Days Past due	36	$ 36
60-89 Days Past due	8
Greater than 90 Days (excluding non-accrual)	$ 2	$ 1
Non-Accrual Loans
Total past due	$ 46	$ 37
Current	2,535	2,668
Total Loans Receivable	$ 2,581	$ 2,705

4. Allowance for Loan Losses 36

4. Allowance for Loan Losses (Details 3) - USD ($) $ in Thousands	Sep. 30, 2015	Dec. 31, 2014
Construction/Land Development	$ 68,597	$ 67,181
Farmland	12,739	12,507
Real Estate	165,324	162,249
Multi-Family	11,949	11,775
Commercial Real Estate	127,197	122,305
Home Equity - closed end	9,270	9,394
Home Equity - open end	55,202	52,182
Commercial & Industrial (Non-Real Estate)	27,545	28,161
Total	$ 477,823	$ 465,754
Grade 1 Minimal Risk [Member]
Construction/Land Development
Farmland	$ 66	$ 68
Real Estate
Multi-Family
Commercial Real Estate
Home Equity - closed end
Home Equity - open end
Commercial & Industrial (Non-Real Estate)	$ 523	$ 643
Total	589	711
Grade 2 Modest Risk [Member]
Construction/Land Development	$ 342	$ 165
Farmland
Real Estate	$ 1,028	$ 629
Multi-Family	410	468
Commercial Real Estate	$ 1,721	$ 1,687
Home Equity - closed end
Home Equity - open end	$ 1,713	$ 1,555
Commercial & Industrial (Non-Real Estate)	75	74
Total	5,289	4,578
Grade 3 Average Risk [Member]
Construction/Land Development	8,053	8,460
Farmland	1,936	1,640
Real Estate	56,568	60,290
Multi-Family	3,974	4,145
Commercial Real Estate	27,312	22,800
Home Equity - closed end	3,675	4,327
Home Equity - open end	14,955	13,433
Commercial & Industrial (Non-Real Estate)	6,941	4,692
Total	123,414	119,787
Grade 4 Acceptable Risk [Member]
Construction/Land Development	31,514	24,227
Farmland	3,688	3,451
Real Estate	72,890	66,464
Multi-Family	3,078	2,183
Commercial Real Estate	69,002	65,653
Home Equity - closed end	3,772	3,090
Home Equity - open end	29,700	28,425
Commercial & Industrial (Non-Real Estate)	17,304	18,039
Total	230,948	211,532
Grade 5 Marginally Acceptable [Member]
Construction/Land Development	8,538	9,605
Farmland	4,968	5,228
Real Estate	23,131	23,934
Multi-Family	4,487	4,979
Commercial Real Estate	20,126	19,058
Home Equity - closed end	1,682	1,812
Home Equity - open end	4,400	4,309
Commercial & Industrial (Non-Real Estate)	2,130	3,948
Total	69,462	72,873
Grade 6 Watch [Member]
Construction/Land Development	5,757	$ 3,815
Farmland	2,081
Real Estate	$ 8,297	$ 7,083
Multi-Family
Commercial Real Estate	$ 7,733	$ 10,571
Home Equity - closed end	123	154
Home Equity - open end	399	1,936
Commercial & Industrial (Non-Real Estate)	461	735
Total	24,851	24,294
Grade 7 Substandard [Member]
Construction/Land Development	$ 14,393	20,909
Farmland		2,120
Real Estate	$ 3,410	$ 3,849
Multi-Family
Commercial Real Estate	$ 1,303	$ 2,536
Home Equity - closed end	18	11
Home Equity - open end	4,035	2,524
Commercial & Industrial (Non-Real Estate)	111	30
Total	$ 23,270	$ 31,979
Grade 8 Doubtful [Member]
Construction/Land Development
Farmland
Real Estate
Multi-Family
Commercial Real Estate
Home Equity - closed end
Home Equity - open end
Commercial & Industrial (Non-Real Estate)
Total

4. Allowance for Loan Losses 37

4. Allowance for Loan Losses (Details 4) - USD ($) $ in Thousands	Sep. 30, 2015	Dec. 31, 2014
Credit cards	$ 2,581	$ 2,705
Consumer	60,011	49,743
Performing [Member]
Credit cards	2,579	2,704
Consumer	59,662	49,582
Non performing [Member]
Credit cards	2	1
Consumer	$ 349	$ 161

5. Employee Benefit Plan (Detai

5. Employee Benefit Plan (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Employee Benefit Plan Details
Service cost	$ 162,084	$ 125,257	$ 486,251	$ 375,771
Interest cost	102,736	94,427	308,208	283,281
Expected return on plan assets	$ (209,705)	$ (174,563)	$ (629,114)	$ (523,689)
Amortization of net obligation at transition
Amortization of prior service cost	$ (3,809)	$ (3,809)	$ (11,427)	$ (11,427)
Amortization of net (gain) or loss	45,161	9,028	135,482	27,084
Net periodic pension cost	$ 96,467	$ 50,340	$ 289,400	$ 151,020

5. Employee Benefit Plan (Det39

5. Employee Benefit Plan (Details Narrative) $ in Thousands	9 Months Ended
	Sep. 30, 2015USD ($)
Employee Benefit Plan Details Narrative
Contribution to employee benefit plan	$ 750,000

6. Fair Value (Details)

6. Fair Value (Details) - USD ($) $ in Thousands	9 Months Ended	12 Months Ended
	Sep. 30, 2015	Dec. 31, 2014
Impaired loans	$ 13,398	$ 13,223
Other Real Estate Owned	2,462	3,507
Fair Value Inputs Level 3 [Member]
Impaired loans	13,398	13,223
Other Real Estate Owned	$ 2,462	$ 3,507
Fair Value Measurements, Valuation Techniques	Discounted appraised value	Discounted appraised value
Significant Unobservable Inputs	Discount for selling costs and age of appraisals	Discount for selling costs and age of appraisals
Fair Value Inputs Level 3 [Member] | Minimum [Member]
Fair Value Measurements, Valuation range	15.00%	15.00%
Fair Value Inputs Level 3 [Member] | Maximum [Member]
Fair Value Measurements, Valuation range	55.00%	55.00%

6. Fair Value (Details 1)

6. Fair Value (Details 1) - USD ($) $ in Thousands	Sep. 30, 2015	Dec. 31, 2014
Total assets at fair value	$ 13,173	$ 13,215
Total liabilities at fair value
Derivative financial instruments at fair value	$ 34	$ 33
Corporate equities [Member]
Total assets at fair value	$ 135	$ 135
Fair Value Inputs Level 1 [Member]
Total assets at fair value
Total liabilities at fair value
Derivative financial instruments at fair value
Fair Value Inputs Level 2 [Member]
Total assets at fair value	$ 13,173	$ 13,215
Total liabilities at fair value
Derivative financial instruments at fair value	$ 34	$ 33
Fair Value Inputs Level 3 [Member]
Total assets at fair value
Total liabilities at fair value
Derivative financial instruments at fair value
U.S. Treasury Securities [Member]
Total assets at fair value	$ 4,047	$ 4,020
U.S. Treasury Securities [Member] | Fair Value Inputs Level 1 [Member]
Total assets at fair value
U.S. Treasury Securities [Member] | Fair Value Inputs Level 2 [Member]
Total assets at fair value	$ 4,047	$ 4,020
U.S. Treasury Securities [Member] | Fair Value Inputs Level 3 [Member]
Total assets at fair value
Government Sponsored Enterprises [Member]
Total assets at fair value	$ 8,119	$ 8,038
Government Sponsored Enterprises [Member] | Fair Value Inputs Level 1 [Member]
Total assets at fair value
Government Sponsored Enterprises [Member] | Fair Value Inputs Level 2 [Member]
Total assets at fair value	$ 8,119	$ 8,038
Government Sponsored Enterprises [Member] | Fair Value Inputs Level 3 [Member]
Total assets at fair value
Mortgage Backed Obligations of Federal Agencies [Member]
Total assets at fair value	$ 872	$ 1,022
Mortgage Backed Obligations of Federal Agencies [Member] | Fair Value Inputs Level 1 [Member]
Total assets at fair value
Mortgage Backed Obligations of Federal Agencies [Member] | Fair Value Inputs Level 2 [Member]
Total assets at fair value	$ 872	$ 1,022
Mortgage Backed Obligations of Federal Agencies [Member] | Fair Value Inputs Level 3 [Member]
Total assets at fair value
Corporate equities [Member] | Fair Value Inputs Level 1 [Member]
Total assets at fair value
Corporate equities [Member] | Fair Value Inputs Level 2 [Member]
Total assets at fair value	$ 135	$ 135
Corporate equities [Member] | Fair Value Inputs Level 3 [Member]
Total assets at fair value
Investment securities available for sale [Member]
Total assets at fair value	$ 13,173	$ 13,215
Investment securities available for sale [Member] | Fair Value Inputs Level 1 [Member]
Total assets at fair value
Investment securities available for sale [Member] | Fair Value Inputs Level 2 [Member]
Total assets at fair value	$ 13,173	$ 13,215
Investment securities available for sale [Member] | Fair Value Inputs Level 3 [Member]
Total assets at fair value

6. Fair Value (Details 2)

6. Fair Value (Details 2) - USD ($) $ in Thousands	Sep. 30, 2015	Dec. 31, 2014
Other Real Estate Owned Loans	$ 2,462	$ 3,507
Impaired loans	13,398	13,223
Total assets at fair value	$ 15,860	$ 16,730
Total liabilities at fair value
Fair Value Inputs Level 1 [Member]
Other Real Estate Owned Loans
Impaired loans
Total assets at fair value
Total liabilities at fair value
Fair Value Inputs Level 2 [Member]
Other Real Estate Owned Loans
Impaired loans
Total assets at fair value
Total liabilities at fair value
Fair Value Inputs Level 3 [Member]
Other Real Estate Owned Loans	$ 2,462	$ 3,507
Impaired loans	13,398	13,223
Total assets at fair value	$ 15,860	$ 16,730
Total liabilities at fair value
Construction/Land Development [Member]
Impaired loans	$ 10,195	$ 11,507
Construction/Land Development [Member] | Fair Value Inputs Level 1 [Member]
Impaired loans
Construction/Land Development [Member] | Fair Value Inputs Level 2 [Member]
Impaired loans
Construction/Land Development [Member] | Fair Value Inputs Level 3 [Member]
Impaired loans	$ 10,195	$ 11,507
Farmland [Member]
Impaired loans
Farmland [Member] | Fair Value Inputs Level 1 [Member]
Impaired loans
Farmland [Member] | Fair Value Inputs Level 2 [Member]
Impaired loans
Farmland [Member] | Fair Value Inputs Level 3 [Member]
Impaired loans
Real Estate [Member]
Impaired loans	$ 702	$ 825
Real Estate [Member] | Fair Value Inputs Level 1 [Member]
Impaired loans
Real Estate [Member] | Fair Value Inputs Level 2 [Member]
Impaired loans
Real Estate [Member] | Fair Value Inputs Level 3 [Member]
Impaired loans	$ 702	$ 825
Multi-Family [Member]
Impaired loans
Multi-Family [Member] | Fair Value Inputs Level 1 [Member]
Impaired loans
Multi-Family [Member] | Fair Value Inputs Level 2 [Member]
Impaired loans
Multi-Family [Member] | Fair Value Inputs Level 3 [Member]
Impaired loans
Commercial [Member]
Impaired loans	$ 871	$ 891
Commercial [Member] | Fair Value Inputs Level 1 [Member]
Impaired loans
Commercial [Member] | Fair Value Inputs Level 2 [Member]
Impaired loans
Commercial [Member] | Fair Value Inputs Level 3 [Member]
Impaired loans	$ 871	$ 891
Home Equity - Closed End [Member]
Impaired loans
Home Equity - Closed End [Member] | Fair Value Inputs Level 1 [Member]
Impaired loans
Home Equity - Closed End [Member] | Fair Value Inputs Level 2 [Member]
Impaired loans
Home Equity - Closed End [Member] | Fair Value Inputs Level 3 [Member]
Impaired loans
Home Equity [Member]
Impaired loans	$ 1,601
Home Equity [Member] | Fair Value Inputs Level 1 [Member]
Impaired loans
Home Equity [Member] | Fair Value Inputs Level 2 [Member]
Impaired loans
Home Equity [Member] | Fair Value Inputs Level 3 [Member]
Impaired loans	$ 1,601
Commercial & Industrial - Non-Real Estate [Member]
Impaired loans
Commercial & Industrial - Non-Real Estate [Member] | Fair Value Inputs Level 1 [Member]
Impaired loans
Commercial & Industrial - Non-Real Estate [Member] | Fair Value Inputs Level 2 [Member]
Impaired loans
Commercial & Industrial - Non-Real Estate [Member] | Fair Value Inputs Level 3 [Member]
Impaired loans
Consumer [Member]
Impaired loans
Consumer [Member] | Fair Value Inputs Level 1 [Member]
Impaired loans
Consumer [Member] | Fair Value Inputs Level 2 [Member]
Impaired loans
Consumer [Member] | Fair Value Inputs Level 3 [Member]
Impaired loans
Credit Cards [Member]
Impaired loans
Credit Cards [Member] | Fair Value Inputs Level 1 [Member]
Impaired loans
Credit Cards [Member] | Fair Value Inputs Level 2 [Member]
Impaired loans
Credit Cards [Member] | Fair Value Inputs Level 3 [Member]
Impaired loans
Dealer Finance [Member]
Impaired loans	$ 29
Dealer Finance [Member] | Fair Value Inputs Level 1 [Member]
Impaired loans
Dealer Finance [Member] | Fair Value Inputs Level 2 [Member]
Impaired loans
Dealer Finance [Member] | Fair Value Inputs Level 3 [Member]
Impaired loans	$ 29

7. Disclosures About Fair Val43

7. Disclosures About Fair Value of Financial Instruments (Details) - USD ($) $ in Thousands	Sep. 30, 2015	Dec. 31, 2014
Financial Assets
Loans, Estimated Fair Value	$ 568,774	$ 551,338
Loans, Carrying value	540,415	518,202
Financial Liabilities
Time deposits, Estimated Fair Value	170,548	196,826
Time deposits, Carrying Value	169,528	195,464
Long-term debt, Estimated Fair Value	39,610	9,862
Long-term debt, Carrying Value	$ 38,893	$ 9,875

7. Disclosures About Fair Val44

7. Disclosures About Fair Value of Financial Instruments (Details Narrative) - USD ($) $ in Thousands	Sep. 30, 2015	Dec. 31, 2014
Disclosures About Fair Value Of Financial Instruments Tables
Impaired loans	$ 13,398,000	$ 13,223,000

8. Troubled Debt Restructurin45

8. Troubled Debt Restructuring (Details) $ in Thousands	3 Months Ended	9 Months Ended
	Sep. 30, 2015USD ($)Integer	Sep. 30, 2015USD ($)Integer	Sep. 30, 2014USD ($)Integer
Number of Contracts | Integer	7	15	3
Pre-Modification Outstanding Recorded Investment	$ 3,238	$ 6,008	$ 204
Post-Modification Outstanding Recorded Investment	$ 3,238	$ 6,008	$ 204
Commercial [Member]
Number of Contracts | Integer	1	1
Pre-Modification Outstanding Recorded Investment	$ 978	$ 978
Post-Modification Outstanding Recorded Investment	$ 978	$ 978
Real Estate [Member]
Number of Contracts | Integer	1	5	2
Pre-Modification Outstanding Recorded Investment	$ 612	$ 3,342	$ 181
Post-Modification Outstanding Recorded Investment	$ 612	$ 3,342	$ 181
Home Equity [Member]
Number of Contracts | Integer	5	5
Pre-Modification Outstanding Recorded Investment	$ 1,648	$ 1,648
Post-Modification Outstanding Recorded Investment	$ 1,648	$ 1,648
Credit Cards [Member]
Number of Contracts | Integer
Pre-Modification Outstanding Recorded Investment
Post-Modification Outstanding Recorded Investment
Consumer [Member]
Number of Contracts | Integer		4	1
Pre-Modification Outstanding Recorded Investment		$ 40	$ 23
Post-Modification Outstanding Recorded Investment		$ 40	$ 23