Bay Bancorp (BYBK) 10-Q 11 May 17 2017 Q1 Quarterly report Financial data

Document And Entity Information

Document And Entity Information - shares	3 Months Ended
	Mar. 31, 2017	May 05, 2017
Document And Entity Information
Document Type	10-Q
Entity Current Reporting Status	Yes
Amendment Flag	false
Document Period End Date	Mar. 31, 2017
Document Fiscal Period Focus	Q1
Document Fiscal Year Focus	2,017
Entity Registrant Name	BAY BANCORP, INC.
Entity Central Index Key	859,222
Current Fiscal Year End Date	--12-31
Entity Filer Category	Smaller Reporting Company
Entity Common Stock, Shares Outstanding		10,642,277

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($)	Mar. 31, 2017	Dec. 31, 2016
ASSETS
Cash and due from banks	$ 5,981,700	$ 7,591,685
Interest bearing deposits with banks and federal funds sold	36,822,635	32,435,771
Total Cash and Cash Equivalents	42,804,335	40,027,456
Investment securities available for sale, at fair value	64,455,089	60,232,727
Investment securities held to maturity, at amortized cost	1,137,200	1,158,238
Restricted equity securities, at cost	2,322,295	1,823,195
Loans held for sale	848,975	1,613,497
Loans, net of deferred fees and costs	495,236,254	487,103,713
Less: Allowance for loan losses	(3,159,769)	(2,823,153)
Loans, net	492,076,485	484,280,560
Real estate acquired through foreclosure.	564,678	1,224,939
Premises and equipment, net	3,835,945	3,882,343
Bank owned life insurance	15,844,759	15,729,302
Core deposit intangibles	2,794,844	3,030,309
Deferred tax assets, net	2,890,703	2,984,718
Accrued interest receivable	1,921,253	1,884,945
Accrued taxes receivable	660,993	1,153,102
Prepaid expenses	972,721	1,001,723
Other assets	220,863	276,540
Total Assets	633,351,138	620,303,594
LIABILITIES
Noninterest-bearing deposits	112,411,694	111,378,694
Interest-bearing deposits	413,390,788	415,079,700
Total Deposits	525,802,482	526,458,394
Short-term borrowings	34,000,000	20,000,000
Defined benefit pension liability	964,334	994,156
Accrued expenses and other liabilities	5,302,656	6,923,818
Total Liabilities	566,069,472	554,376,368
STOCKHOLDERS' EQUITY
Common stock - par $1.00 per shares, authorized 20,000,000 shares, issued and outstanding 10,543,862 and 10,456,098 shares at March 31, 2017 and December 31, 2016, respectively.	10,543,862	10,456,098
Additional paid-in capital	41,187,024	40,814,285
Retained earnings	15,383,778	14,426,969
Accumulated other comprehensive income	167,002	30,383
Total controlling interest	67,281,666	65,727,735
Non-controlling interest		199,491
Total Stockholders' Equity	67,281,666	65,927,226
Total Liabilities and Stockholders' Equity	$ 633,351,138	$ 620,303,594

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) - $ / shares	Mar. 31, 2017	Dec. 31, 2016
Consolidated Balance Sheets
Common stock, par value	$ 1	$ 1
Common stock, shares authorized	20,000,000	20,000,000
Common stock, shares issued	10,543,862	10,456,098
Common stock, shares outstanding	10,543,862	10,456,098

Consolidated Statements Of Inco

Consolidated Statements Of Income - USD ($)	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016
INTEREST INCOME
Interest and fees on loans	$ 5,920,144	$ 4,844,320
Interest on loans held for sale	6,882	39,666
Interest and dividends on securities	350,885	211,384
Interest on deposits with banks and federal funds sold	77,675	19,045
Total Interest Income	6,355,586	5,114,415
INTEREST EXPENSE
Interest on deposits	455,850	309,177
Interest on short-term borrowings	60,204	63,795
Total Interest Expense	516,054	372,972
Net Interest Income	5,839,532	4,741,443
Provision for loan losses	440,521	298,000
Net interest income after provision for loan losses	5,399,011	4,443,443
NONINTEREST INCOME
Payment sponsorship fees	656,192	551,009
Mortgage banking fees and gains	182,944	158,547
Service charges on deposit accounts	62,633	70,614
Gain on securities sold	5,521	272,963
Other income	419,073	137,944
Total Noninterest Income	1,326,363	1,191,077
NONINTEREST EXPENSES
Salary and employee benefits	2,857,245	2,889,456
Occupancy and equipment expenses	757,645	871,195
Legal, accounting and other professional fees	232,956	310,561
Data processing and item processing services	327,794	281,992
FDIC insurance costs	65,014	77,479
Advertising and marketing related expenses	24,320	32,528
Foreclosed property expenses and REO sales, net	16,859	74,479
Loan collection costs	34,666	20,800
Core deposit intangible amortization	235,465	192,808
Merger related expenses	149,543	57,257
Other expenses	480,054	521,442
Total Noninterest Expenses	5,181,561	5,329,997
Income before income taxes	1,543,813	304,523
Income tax expense	587,005	118,124
NET INCOME	$ 956,808	$ 186,399
Basic net income per common share	$ 0.09	$ 0.02
Diluted net income per common share	$ 0.09	$ 0.02

Consolidated Statements Of Comp

Consolidated Statements Of Comprehensive Income - USD ($)	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016
Consolidated Statements Of Comprehensive Income
Net income	$ 956,808	$ 186,399
Other comprehensive income (loss):
Net unrealized gain on securities during the period	224,406	654,256
Reclassification adjustment for gain on sales of securities included in net income	(5,521)	(272,963)
Income tax expense relating to items above	(82,266)	(150,328)
Net effect on other comprehensive income	136,619	230,965
Unrealized loss on defined benefit pension plan		(558,690)
Income tax benefit relating to item above	2,202	220,375
Net effect on other comprehensive income		(338,315)
Other comprehensive income (loss)	136,619	(107,350)
Comprehensive income	$ 1,093,427	$ 79,049

Consolidated Statements Of Stoc

Consolidated Statements Of Stockholders' Equity - USD ($)	Common Stock [Member]	Additional Paid-In Capital [Member]	Retained Earnings [Member]	Accumulated Other Comprehensive Income [Member]	Noncontrolling Interest [Member]	Total
Balance at Dec. 31, 2015	$ 11,062,932	$ 43,378,927	$ 12,667,070	$ 573,560		$ 67,682,489
Net income			186,399			186,399
Other comprehensive loss				(107,350)		(107,350)
Stock- based compensation		35,587				35,587
Repurchase of common stock	(175,000)	(684,500)				(859,500)
Balance at Mar. 31, 2016	10,887,932	42,730,014	12,853,469	466,210		66,937,625
Balance at Dec. 31, 2016	10,456,098	40,814,285	14,426,969	30,383	$ 199,491	65,927,226
Net income			956,808			956,808
Other comprehensive loss				136,619		136,619
Stock- based compensation		62,564				62,564
Sale of iReverse			1		$ (199,491)	(199,490)
Issuance of common stock under stock option plan	87,764	310,175				397,939
Balance at Mar. 31, 2017	$ 10,543,862	$ 41,187,024	$ 15,383,778	$ 167,002		$ 67,281,666

Consolidated Statements Of Cash

Consolidated Statements Of Cash Flows - USD ($)	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016
Cash flows from operating activities:
Net income	$ 956,808	$ 186,399
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization of premises and equipment	148,644	173,402
Stock-based compensation	62,564	35,587
Amortization of investment premiums and discounts, net	77,249	30,166
Accretion of net discounts on loans	(539,062)	(391,759)
Amortization of core deposit intangibles	235,465	192,808
Amortization of deposit premiums	(7,179)	7,252
Provision for loan losses	440,521	298,000
Increase in cash surrender value of bank owned life insurance	(115,457)	(30,209)
Gain on sale and redemption of securities	(5,521)	(272,963)
Loss on disposal of premises and equipment		666
Write down of real estate acquired through foreclosure	62,725	43,336
Gain on sale of real estate acquired through foreclosure	(67,992)
Origination of loans held for sale	(5,163,400)	(8,799,589)
Proceeds from sales of loans held for sale	6,152,003	10,324,806
Gains on sales of loans held for sale	(224,081)	(221,624)
Deferred income taxes	11,748
Net increase in accrued interest receivable	(36,308)	(100,585)
Net decrease in accrued taxes receivable	492,109	638,433
Net decrease in accrued pension plan liability	(29,822)	(26,750)
Net decrease in prepaid expenses and other assets	295,791	7,571
Net (decrease) increase in accrued expenses and other liabilities	(1,820,649)	40,782
Net cash provided by operating activities	926,156	2,135,729
Cash flows from investing activities:
Purchases of investment securities available for sale	(7,808,578)
Redemptions and maturities of investment securities available for sale	3,732,398	8,956,256
Redemption and maturities of investment securities held to maturity	22,012	21,176
Net purchase of Federal Home Loan Bank Stock	(499,100)	1,099,200
Net increase in loans	(7,756,743)	(3,429,786)
Proceeds from sale of real estate acquired through foreclosure	724,887
Purchases of premises and equipment	(313,358)	(16,635)
Net cash (used in) provided by investing activities	(11,898,482)	6,630,211
Cash flows from financing activities:
Net decrease in deposits	(648,733)	(1,537,193)
Net increase (decrease) in short-term borrowings	14,000,000	(26,025,000)
Repurchase of common stock		(859,500)
Exercise of stock options	397,938
Net cash provided by (used in) financing activities	13,749,205	(28,421,693)
Net increase (decrease) increase in cash and cash equivalents	2,776,879	(19,655,753)
Cash and cash equivalents at beginning of period	40,027,456	34,413,222
Cash and cash equivalents at end of period	42,804,335	14,757,469
Supplemental Disclosures Of Cash Flow Information:
Interest paid on deposits and borrowings	505,082	365,154
Net income tax paid	12,000	12,846
Non Cash activities:
Transfer of loans to real estate acquired through foreclosure	$ 59,358	$ 85,500

Organizational

Organizational	3 Months Ended
	Mar. 31, 2017
Organizational
Organizational	NOTE 1 – ORGANIZATIONAL Nature of Business Bay Bancorp, Inc. is a savings and loan holding company. Through its subsidiary, Bay Bank, FSB (the “Bank”), a federal savings bank (an “FSB”), Bay Bancorp, Inc. serves the community with a network of 1 1 branches strategically located throughout the Baltimore Metropolitan Statistical Area, particularly Baltimore City and the Maryland counties of Baltimore, Anne Arundel, Howard, and Harford, as well as south along the Baltimore-Washington corridor with an expanded focus on Prince George’s County and Montgomery Counties. The Bank serves local consumers, small and medium size businesses, professionals and other valued customers by offering a broad suite of financial products and services, including on-line and mobile banking, commercial banking, cash management, mortgage lending and retail banking. The Bank funds a variety of loan types including commercial and residential real estate loans, commercial term loans and lines of credit, consumer loans and letters of credit. As used in these notes, the term “the Company” refers to Bay Bancorp, Inc. and, unless the context clearly requires otherwise, its consolidated subsidiaries.

Basis Of Presentation

Basis Of Presentation	3 Months Ended
	Mar. 31, 2017
Basis Of Presentation
Basis Of Presentation	NOTE 2 – BASIS OF PRESENTATION The consolidated financial statements include the accounts of Bay Bancorp, Inc. , the Bank and the Bank’s consolidated subsidiaries. All significant intercompany balances and transactions have been eliminated in consolidation. The Bank had an investment in a reverse home loan mortgage brokerage firm named iReverse Home Loan, LLC (“iReverse”). The Bank owned 51% of iReverse and reported its non-controlling interest in iReverse separately in the consolidated balance sheet at December 31, 2016. The Company reported the income of iReverse attributable to the Bank on the consolidated statement of income for the year ended December 31, 2016 as discontinued operations. The Bank entered into an agreement with the other owner of iReverse pursuant to which the Bank sold effective March 31, 2017, the Bank’s interest in iReverse to the other owner for $70,000. The Company reported no discontinued operations for the three-month period ended March 31, 2017. In management’s opinion, the accompanying unaudited consolidated financial statements, which have been prepared in conformity with accounting principles generally accepted in the United States of America (“U.S. GAAP”) for interim period reporting, reflect all adjustments, consisting of only normal recurring adjustments, necessary for a fair presentation of the financial position at March 31, 2017 and December 31, 2016, the results of operations for the three-month periods ended March 31, 2017 and 2016, and the statements of cash flows for the three-month periods ended March 31, 2017 and 2016. The results of the three-month period ended March 31, 2017 are not necessarily indicative of the results that may be expected for the full year ending December 31, 2017 or any future interim period. The condensed consolidated balance sheet at December 31, 2016 has been derived from the audited financial statements included in the Company’s Annual Report on Form 10-K, as filed with the Securities and Exchange Commission (the “SEC”) on April 5, 2016. The unaudited consolidated financial statements for March 31, 2017 and 2016, the condensed consolidated balance sheet at December 31, 2016, and accompanying notes should be read in conjunction with the Company’s audited consolidated financial statements and the accompanying notes thereto that are included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2016. Use of Estimates The preparation of financial statements requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ materially from those estimates. Material estimates that are particularly susceptible to significant change in the near term include the determination of the allowance for loan losses (the “allowance”); the fair value of financial instruments, such as loans, investment securities, and derivatives; measurement and assessment of intangible assets and other purchase accounting related adjustments; benefit plan obligations and expenses; the valuation of deferred tax assets; real estate acquired through foreclosure; and the estimate of expected cash flows for loans acquired with deteriorated credit quality. Recent Accounting Pronouncements and Developments In May 2014, the Financial Accounting Standards Board (the “FASB”) issued Accounting Standards Update (“ ASU”) 2014-09, Revenue from Contracts with Customers (Topic 606), which will supersede the revenue recognition requirements in Accounting Standards Codification (“ASC”) Topic 605, Revenue Recognition, and most industry-specific revenue recognition guidance throughout the ASC. The amendments in this update affect any entity that either enters into contracts with customers to transfer goods or services or enters into contracts for the transfer of non-financial assets unless those contracts, including leases and insurance contracts, are within the scope of other standards. The amendments establish a core principle requiring the recognition of revenue to depict the transfer of goods or services to customers in an amount reflecting the consideration to which the entity expects to be entitled in exchange for such goods or services. The amendments also require expanded disclosures concerning the nature, amount, timing and uncertainty of revenues and cash flows arising from contracts with customers. In August 2016, the FASB deferred the effective date by one year from the date in the original guidance. The guidance is effective for fiscal years and interim periods beginning after December 15, 2018. The Company’s adoption of this item is not expected to have a material impact on its results of operations or financial condition. In January 2016, the FASB issued ASU 2016-01, Recognition and Measurement of Financial Assets and Financial Liabilities , which amended guidance related to recognition and measurement of financial assets and liabilities. The amended guidance requires that equity investments (excluding those accounted for under the equity method of accounting or those that result in consolidation of the investee) to be measured at fair value with changes in fair value recognized in net income. An entity can elect to measure equity investments that do not have readily determinable fair values at cost less impairment, plus or minus changes resulting from observable price changes in orderly transactions for the identical or similar investment of the same issuer. The impairment assessment of equity investments without readily determinable fair values is simplified by requiring a qualitative assessment to identify impairment. When a qualitative assessment indicates impairment exists, an entity is required to measure the investment at fair value. The guidance eliminates the requirement for public business entities to disclose the method and significant assumptions used to estimate the fair value that is required to be disclosed for financial instruments measured at amortized cost on the balance sheet. Further, the guidance requires public entities to use the exit price when measuring the fair value of financial instruments for disclosure purposes. The guidance also requires an entity to present separately in other comprehensive income, a change in the instrument-specific credit risk when the entity has elected to measure a liability at fair value in accordance with the fair value option. Separate presentation of financial assets and financial liabilities by measurement category and type of instrument on the balance sheet or accompanying notes to the financial statements is required. The guidance also clarifies that an entity should evaluate the need for a valuation allowance on a deferred tax asset related to available-for-sale securities in combination with the entity’s other deferred tax assets. This guidance is effective for annual periods and interim periods within those annual periods beginning after December 15, 2017. The Company is currently evaluating the impact that this guidance could have on its consolidated financial statements. In February 2016, the FASB issued ASU 2016-02, Leases . From the lessee’s perspective, the new standard establishes a right-of-use (ROU) model that requires a lessee to record a ROU asset and a lease liability on the balance sheet for all leases with terms longer than 12 months. Leases will be classified as either finance or operating, with classification affecting the pattern of expense recognition in the income statement for a lessees. From the lessor’s perspective, the new standard requires a lessor to classify leases as either sales-type, finance or operating. A lease will be treated as a sale if it transfers all of the risks and rewards, as well as control of the underlying asset, to the lessee. If risks and rewards are conveyed without the transfer of control, the lease is treated as a financing lease. If the lessor does not convey risks and rewards or control, an operating lease results. The new standard is effective for fiscal years beginning after December 15, 2018, including interim periods within those fiscal years. A modified retrospective transition approach is required for lessees for capital and operating leases existing at, or entered into after, the beginning of the earliest comparative period presented in the financial statements, with certain practical expedients available. A modified retrospective transition approach is required for lessors for sales-type, direct financing, and operating leases existing at, or entered into after, the beginning of the earliest comparative period presented in the financial statements, with certain practical expedients available. The Company is currently evaluating the impact that the adoption of this guidance could have on its consolidated financial statements. In March 2016, the FASB issued ASU 2016-09, Improvements to Employee Share-Based Payment Accounting . ASU 2016-09 includes provisions intended to simplify various aspects related to how share-based payments are accounted for and presented in the financial statements. Under ASU 2016-09, companies will no longer record excess tax benefits and certain tax deficiencies in additional paid-in capital (“APIC”). Instead, they will record all excess tax benefits and tax deficiencies as income tax expense or benefit in the income statement, and APIC pools will be eliminated. ASU 2016-09 also eliminates the requirement that excess tax benefits be realized before companies can recognize them. In addition, the guidance requires companies to present excess tax benefits as an operating activity on the statement of cash flows rather than as a financing activity; ASU 2016-09 increases the amount an employer can withhold to cover income taxes on awards and still qualify for the exception to liability classification for shares used to satisfy the employer’s statutory income tax withholding obligation. The new guidance will also require an employer to classify the cash paid to a tax authority when shares are withheld to satisfy its statutory income tax withholding obligation as a financing activity on its statement of cash flows (current guidance did not specify how these cash flows should be classified). ASU 2016-09 permits companies to make an accounting policy election for the impact of forfeitures on the recognition of expense for share-based payment awards. Forfeitures can be estimated, as required today, or recognized when they occur. This guidance is effective for interim and annual reporting periods beginning after December 15, 2016. Early adoption is permitted, but all of the guidance must be adopted in the same period. In January, 2017, the Company began adopting the provisions of ASU 2016-09 with no material impact for the three months ended March 31, 2017 on the Company's consolidated financial statements. In June 2016, FASB issued ASU No. 2016-13 Financial Instruments-Credit Losses (Topic 326). The ASU improves financial reporting by requiring timelier recording of credit losses on loans and other financial instruments held by the Company. The ASU requires the Company to measure all expected credit losses for financial assets held at the reporting date based on historical experience, current conditions, and reasonable and supportable forecasts. Many of the loss estimation techniques applied today will still be permitted, although the inputs to those techniques will change to reflect the full amount of expected credit losses. The Company will continue to use judgment to determine which loss estimation method is appropriate for their circumstances. The ASU requires enhanced disclosures to help investors and other financial statement users better understand significant estimates and judgments used in estimating credit losses, as well as the credit quality and underwriting standards of an organization's portfolio. These disclosures include qualitative and quantitative requirements that provide additional information about the amounts recorded in the financial statements. Additionally, the ASU amends the accounting for credit losses on available-for-sale debt securities and purchased financial assets with credit deterioration. The ASU will take effect for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2019. Early application will be permitted for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2018. The Company is in the process of determining the effect of the ASU on its consolidated balance sheets and consolidated statements of operations. In August 2016, FASB issued ASU No. 2016-15, Statement of Cash Flows (Topic 230): Classification of Certain Cash Receipts and Cash Payments. This ASU addresses the appropriate classification of eight specific cash flow issues on the cash flow statement. Debt prepayment costs should be classified as an outflow for financing activities. Settlement of zero-coupon debt instruments divides the interest portion as an outflow for operating activities and the principal portion as an outflow for financing activities. Contingent consideration payments made after a business combination should be classified as outflows for financing and operating activities. Proceeds from the settlement of bank-owned life insurance policies should be classified as inflows from investing activities. Other specific areas are identified in the ASU as to the appropriate classification of the cash inflows or outflows. The amendments in this ASU are effective for fiscal years beginning after December 15, 2017, including interim periods within those fiscal years. Early adoption is permitted and must be applied using a retrospective transition method to each period presented. The Company's finance team are in the process of developing an understanding of this pronouncement, evaluating the impact of this pronouncement and researching additional software resources that could assist with the implementation. In November 2016, FASB issued ASU No. 2016-18, “ Statement of Cash Flows – Restricted Cash .” This ASU provides guidance on the presentation of restricted cash or restricted cash equivalents in the statement of cash flows and is effective for the first quarter of 2018. Earlier application is permitted. The Company does not expect this ASU to have a material impact on the Company’s consolidated financial statements. In January 2017, the FASB issued ASU No. 2017-04, “Simplifying the Test for Goodwill Impairment.” The guidance removes Step 2 of the goodwill impairment test, which requires a hypothetical purchase price allocation. Goodwill impairment will now be the amount by which a reporting unit’s carrying value exceeds its fair value, not to exceed the carrying amount of goodwill. All other goodwill impairment guidance will remain largely unchanged. ASU No. 2017-04 is effective for interim and annual reporting periods beginning after December 15, 2019, applied prospectively. Early adoption is permitted for any impairment tests performed after January 1, 2017. The Company does not expect this ASU to have a material impact on the Company’s consolidated financial statements. In March 2017, the FASB issued ASU No. 2017-07, “Improving the Presentation of Net Periodic Pension Cost and Net Periodic Postretirement Benefit Cost.” Under the new guidance, employers will present the service cost component of the net periodic benefit cost in the same income statement line item (e.g., Salaries and Benefits) as other employee compensation costs arising from services rendered during the period. In addition, only the service cost component will be eligible for capitalization in assets. Employers will present the other components separately (e.g., Other Noninterest Expense) from the line item that includes the service cost. ASU No. 2017-07 is effective for interim and annual reporting periods beginning after December 15, 2017. Early adoption is permitted, however, the Company has decided not to early adopt. Employers will apply the guidance on the presentation of the components of net periodic benefit cost in the income statement retrospectively. The guidance limiting the capitalization of net periodic benefit cost in assets to the service cost component will be applied prospectively. The Company expects to utilize the ASU’s practical expedient allowing entities to estimate amounts for comparative periods using the information previously disclosed in their pension and other postretirement benefit plan footnote. The Company does not expect this ASU to have a material impact on the Company’s consolidated financial statements. In March 2017, the FASB issued ASU No. 2017-08, “Premium Amortization on Purchased Callable Debt Securities.” This ASU shortens the amortization period for the premium on certain purchased callable debt securities to the earliest call date. Today, entities generally amortize the premium over the contractual life of the security. The new guidance does not change the accounting for purchased callable debt securities held at a discount; the discount continues to be amortized to maturity. ASU No. 2017-08 is effective for interim and annual reporting periods beginning after December 15, 2018; early adoption is permitted. The guidance calls for a modified retrospective transition approach under which a cumulative-effect adjustment will be made to retained earnings as of the beginning of the first reporting period in which the guidance is adopted. The Company is currently evaluating the provisions of ASU No. 2017-08 to determine the potential impact the new standard will have on the Company’s consolidated financial statements.

Investment Securities

Investment Securities	3 Months Ended
	Mar. 31, 2017
Investment Securities
Investment Securities	NOTE 3 – INVESTMENT SECURITIES Investment securities are accounted for according to their purpose and holding period. Trading securities are those that are bought and held principally for the purpose of selling them in the near term. The Company held no trading securities at March 31, 2017 or December 31, 2016. Available-for-sale investment securities, comprised of debt and mortgage-backed securities, are those that may be sold before maturity due to changes in the Company's interest rate risk profile or funding needs, and are reported at fair value with unrealized gains and losses, net of taxes, reported as a component of other comprehensive income. Held-to-maturity investment securities, comprised of debt and mortgage-backed securities, are those that management has the positive intent and ability to hold to maturity and are reported at amortized cost. Realized gains and losses are recorded in noninterest income and are determined on a trade date basis using the specific identification method. Interest and dividends on investment securities are recognized in interest income on an accrual basis. Premiums and discounts are amortized or accreted into interest income using the interest method over the expected lives of the individual securities. The following table summarizes the amortized cost and estimated fair value of the Company’s investment securities portfolio at March 31, 2017 and December 31, 2016: Available for Sale Amortized Gross Unrealized Estimated March 31, 2017 cost Gains Losses Fair Value U.S. government agency $ 6,755,302 $ 78,534 $ (11,399) $ 6,822,437 U.S. treasury securities 8,735,437 15,859 (96,866) 8,654,430 Residential mortgage-backed securities 36,986,884 198,144 (308,377) 36,876,651 State and municipal 2,620,115 8,631 (693) 2,628,053 Corporate bonds 9,359,699 52,841 (10,368) 9,402,172 Total debt securities 64,457,437 354,009 (427,703) 64,383,743 Equity securities 78,752 — (7,406) 71,346 Totals $ 64,536,189 $ 354,009 $ (435,109) $ 64,455,089 Held-to-Maturity Amortized Gross Unrealized Estimated March 31, 2017 cost Gains Losses Fair Value Residential mortgage-backed securities 1,137,200 (12,997) 1,124,203 Total debt securities 1,137,200 — (12,997) 1,124,203 Totals $ 1,137,200 $ — $ (12,997) $ 1,124,203 Available for Sale Amortized Gross Unrealized Estimated December 31, 2016 cost Gains Losses Fair Value U.S. government agency $ 7,748,481 $ 68,493 $ (43,856) $ 7,773,118 U.S. treasury securities 8,728,284 14,812 (119,837) 8,623,259 Residential mortgage-backed securities 30,952,601 197,495 (336,615) 30,813,481 State and municipal 2,638,214 2,421 (3,355) 2,637,280 Corporate bonds 10,372,549 1,647 (45,741) 10,328,455 Total debt securities 60,440,129 284,868 (549,404) 60,175,593 Equity securities 92,585 6,021 (41,472) 57,134 Totals $ 60,532,714 $ 290,889 $ (590,876) $ 60,232,727 Held-to-Maturity Amortized Gross Unrealized Estimated December 31, 2016 cost Gains Losses Fair Value Residential mortgage-backed securities $ 1,158,238 $ — $ (8,896) $ 1,149,342 Total debt securities 1,158,238 — (8,896) 1,149,342 Totals $ 1,158,238 $ — $ (8,896) $ 1,149,342 The following table provides information about securities with unrealized losses segregated by length of impairment at March 31, 2017: Less than 12 months 12 months or longer Total Available for Sale Fair Unrealized Fair Unrealized Fair Unrealized March 31, 2017 Value Losses Value Losses Value Losses U.S. government agency $ 2,163,175 $ (11,399) $ — $ — $ 2,163,175 $ (11,399) U.S. treasury securities 5,673,990 (96,866) — — 5,673,990 (96,866) Residential mortgage-backed securities 19,304,425 (282,882) 534,728 (25,495) 19,839,153 (308,377) State and municipals 325,101 (693) — — 325,101 (693) Corporate bonds 5,997,495 (10,368) — — 5,997,495 (10,368) Total debt securities 33,464,186 (402,208) 534,728 (25,495) 33,998,914 (427,703) Equity securities — — 78,752 (7,406) 78,752 (7,406) Totals $ 33,464,186 $ (402,208) $ 613,480 $ (32,901) $ 34,077,666 $ (435,109) Less than 12 months 12 months or longer Total Held-to-Maturity Fair Unrealized Fair Unrealized Fair Unrealized March 31, 2017 Value Losses Value Losses Value Losses Residential mortgage-backed securities 1,124,203 (12,997) — — 1,124,203 (12,997) Total debt securities $ 1,124,203 $ (12,997) $ — $ — $ 1,124,203 $ (12,997) The following table provides information about securities with unrealized losses segregated by length of impairment at December 31, 2016: Less than 12 months 12 months or longer Total Available for Sale Fair Unrealized Fair Unrealized Fair Unrealized December 31, 2016 Value Losses Value Losses Value Losses U.S. government agency $ 3,983,930 $ (43,856) $ — $ — $ 3,983,930 $ (43,856) U.S. treasury securities 5,645,640 (119,837) — — 5,645,640 (119,837) Residential mortgage-backed securities 17,368,416 (315,284) 563,545 (21,331) 17,931,961 (336,615) State and municipals 1,042,964 (3,355) — — 1,042,964 (3,355) Corporate bonds 7,973,405 (45,741) — — 7,973,405 (45,741) Total debt securities 36,014,355 (528,073) 563,545 (21,331) 36,577,900 (549,404) Equity securities — — 25,180 (41,472) 25,180 (41,472) Totals $ 36,014,355 $ (528,073) $ 588,725 $ (62,803) $ 36,603,080 $ (590,876) Less than 12 months 12 months or longer Total Held-to-Maturity Fair Unrealized Fair Unrealized Fair Unrealized December 31, 2016 Value Losses Value Losses Value Losses Residential mortgage-backed securities 1,149,342 (8,896) — — 1,149,342 (8,896) Total debt securities $ 1,149,342 $ (8,896) $ — $ — $ 1,149,342 $ (8,896) At March 31, 2017, the Company recorded unrealized losses in its portfolio of debt securities totaling $427,703 related to 71 securities, which resulted from increases in market interest rates, spread volatility, and other factors that management deems to be temporary. Since management believes that it is more likely than not that the Company will not be required to sell these securities prior to maturity or a full recovery of the amortized cost, the Company does not consider these securities to be other-than-temporarily impaired. At March 31, 2017 , the Company recorded unrealized losses in its portfolio of equity securities totaling $7,406, related to one security, which management considers to be temporary. Since management believes that it is more likely than not that the Company will not be required to sell these equity positions for a reasonable period of time sufficient for recovery of fair value, the Company does not consider these equity securities to be other-than-temporarily impaired. At December 31, 2016, the Company recorded unrealized losses in its portfolio of debt securities totaling $549,40 4 , related to 73 securities, which were caused by increases in market interest rates, spread volatility and other factors that management deems to be temporary. Since management believes that it is more likely than not that the Company will not be required to sell these securities prior to maturity or a full recovery of the amortized cost, the Company does not consider these securities to be other-than-temporarily impaired. At December 31, 2016, the Company recorded unrealized losses in its portfolio of equity securities totaling $41,472, related to one security, which management considers to be temporary. Since management believes that it is more likely than not that the Company will not be required to sell these equity positions for a reasonable period of time sufficient for recovery of fair value, the Company does not consider these equity securities to be other-than-temporarily impaired. At March 31, 2017, except for the U.S. Treasury, the outstanding balance of no single issuer exceeded 10% of stockholders’ equity. At December 31, 2016, the outstanding balance of no single issuer exceeded 10% of stockholders’ equity. No investment securities held by the Company at March 31, 2017 or December 31, 2016 were subject to a write-down due to credit related other-than-temporary impairment. Contractual maturities of debt securities at March 31, 2017 and at December 31, 2016 are shown below. Actual maturities may differ from contractual maturities because borrowers have the right to call or prepay obligations with or without call or prepayment penalties. 2017 2016 Amortized Fair Amortized Fair Cost Value Cost Value Available for sale Within one year $ 6,891,127 $ 6,884,662 $ 6,122,743 $ 6,100,576 Over one to five years 9,775,678 9,906,735 12,570,847 12,642,656 Over five to ten years 7,770,662 7,674,410 7,765,282 7,627,060 Over ten years 3,033,086 3,041,285 3,028,656 2,991,820 Residential mortgage-backed securities 36,986,884 36,876,651 30,952,601 30,813,481 Totals $ 64,457,437 $ 64,383,743 $ 60,440,129 $ 60,175,593 2017 2016 Amortized Fair Amortized Fair Cost Value Cost Value Held to maturity Over ten years 1,137,200 1,124,203 1,158,238 1,149,342 Totals $ 1,137,200 $ 1,124,203 $ 1,158,238 $ 1,149,342 The Company’s residential mortgage-backed securities portfolio is presented as a separate line within the maturity table, since borrowers have the right to prepay obligations without prepayment penalties. For the three-month period ended March 31, 2017, there were three redemptions of investment securities available for sale resulting in no gains or losses. For the three-month period ended March 31, 2017, there was one sale of equity securities resulting in a net gain of $5,521. For the three-month period ended March 31, 2016, there was on sales and two redemptions of investment securities available for sale resulting in net gains of $272,963. At March 31, 2017, securities with an amortized cost of $10,402,445 (fair value of $10,529,760) were pledged as collateral for potential borrowings from the Federal Home Loan Bank of Atlanta (the “FHLB”) and the Federal Reserve Bank of Richmond (the “Reserve Bank”). At December 31, 2016, securities with an amortized cost of $10,479,133 (fair value of $10,604,335) were pledged as collateral for potential borrowings from the FHLB and the Reserve Bank .

Loans And Allowance For Loan Lo

Loans And Allowance For Loan Losses	3 Months Ended
	Mar. 31, 2017
Loans And Allowance For Loan Losses
Loans And Allowance For Loan Losses	NOTE 4 – LOANS AND ALLOWANCE FOR LOAN LOSSES The fundamental lending business of the Company is based on understanding, measuring, and controlling the credit risk inherent in the loan portfolio. The Company's loan portfolio is subject to varying degrees of credit risk. These risks entail both general risks, which are inherent in the lending process, and risks specific to individual borrowers. The Company's credit risk is mitigated through portfolio diversification, which limits exposure to any single customer, industry or collateral type. The loan portfolio segment balances are presented in the following table: March 31, December 31, 2017 2016 Commercial & Industrial $ 67,227,602 $ 67,234,642 Commercial Real Estate 218,356,839 205,495,337 Residential Real Estate 148,931,551 153,368,115 Home Equity Line of Credit 32,244,947 33,256,012 Land 5,811,654 5,870,999 Construction 20,751,649 19,804,912 Consumer & Other 1,912,012 2,073,696 Total Loans 495,236,254 487,103,713 Less: Allowance for Loan Losses (3,159,769) (2,823,153) Net Loans $ 492,076,485 $ 484,280,560 At March 31, 2017 and December 31, 2016, loans not considered to have deteriorated credit quality at acquisition had a total remaining unamortized discount of $3,543,105 and $3,793,033, respectively, and carrying values of $174,553,606 and $187,483,532, respectively. Portfolio Segments: The Company currently manages its credit products and the respective exposure to loan losses by the following specific portfolio segments, which are levels at which the Company develops and documents its systematic methodology to determine the allowance for loan losses. The Company considers each loan type to be a portfolio segment having unique risk characteristics. Commercial & Industrial Commercial & Industrial (“C&I”) loans are made to provide funds for equipment and general corporate needs. Repayment of these loans depends primarily on the funds generated from the operation of the borrower's business. C&I loans also include lines of credit that are utilized to finance a borrower's short-term credit needs and/or to finance a percentage of eligible receivables or inventory. Of primary concern in C&I lending is the borrower's creditworthiness and ability to successfully generate sufficient cash flow from its business to service the debt. Commercial Real Estate Commercial Real Estate loans are bifurcated into Investor and Owner Occupied types (classes). Commercial Real Estate - Investor loans consist of loans secured by non-owner occupied properties and involve investment properties for warehouse, retail, apartment, and office space with a history of occupancy and cash flow. This commercial real estate class includes mortgage loans to the developers and owners of commercial real estate where the borrower intends to operate or sell the property at a profit and use the income stream or proceeds from the sale(s) to repay the loan. Commercial Real Estate - Owner Occupied loans consist of commercial mortgage loans secured by owner occupied properties and involves a variety of property types to conduct the borrower's operations. The primary source of repayment for this type of loan is the cash flow from the business and is based upon the borrower's financial health and the ability of the borrower and the business to repay. At March 31, 2017 and December 31, 2016, Commercial Real Estate – Investor loans had a total balance of $149,095,225 and $138,527,163, respectively. At March 31, 2017 and December 31, 2016, Commercial Real Estate – Owner Occupied loans had a total balance of $69,261,614 and $66,968,174, respectively. Residential Real Estate Residential Real Estate loans are bifurcated into Investor and Owner Occupied types (classes). Residential Real Estate -Investor loans consist of loans secured by non-owner occupied residential properties and usually carry higher credit risk than Residential Real Estate – Owner Occupied loans due to their reliance on stable rental income and due to a lower incentive for the borrower to avoid foreclosure. Payments on loans secured by rental properties often depend on the successful operation and management of the properties and the payment of rent by tenants. At March 31, 2017 and December 31, 2016, Residential Real Estate – Investor loans had a total balance of $42,933,949 and $44,787,039, respectively. At March 31, 2017 and December 31, 2016, Residential Real Estate – Owner Occupied loans had a total balance of $105,997,602 and $108,581,076, respectively. Home Equity Line of Credit Home Equity Lines of Credit (“HELOCs”) are a form of revolving credit in which a borrower's primary residence serves as collateral. Borrowers use HELOCs primarily for education, home improvements, and other significant personal expenditures. The borrower will be approved for a specific credit limit set at a percentage of the home's appraised value less the balance owed on the existing first mortgage. Major risks in HELOC lending include the borrower's ability to service the existing first mortgage plus the HELOC, the Company's ability to pursue collection in a second lien position upon default, and overall risks in fluctuation in the value of the underlying collateral property. Land Land loans are secured by underlying properties that usually consist of tracts of undeveloped land that do not produce income. These loans carry the risk that there will be inadequate demand to ensure the sale of the property within an acceptable time. As a result, land loans carry the risk that the builder will have to pay the property taxes and other carrying costs of the property until a buyer is identified. Construction Construction loans, which include land development loans, are generally considered to involve a higher degree of credit risk than long-term financing on improved, occupied real estate. Risk of loss on a construction loan depends largely upon the accuracy of the initial estimate of the property's value at completion of construction and estimated costs of construction, as well as the property’s ability to attract and retain tenants. Loan funds are disbursed periodically as pre-specified stages of completion are attained based upon site inspections. If the Company is forced to foreclose on a building before or at completion due to a default, it may be unable to recover all of the unpaid balance of and accrued interest on the loan as well as related foreclosure and holding costs. Consumer & Other Consumer & Other loans include installment loans, personal lines of credit, and automobile loans. Payment on these loans often depends on the borrower's creditworthiness and ability to generate sufficient cash flow to service the debt. Allowance for Loan Losses To control and monitor credit risk, management has an internal credit process in place to determine whether credit standards are maintained along with in-house loan administration accompanied by oversight and review procedures. The primary purpose of loan underwriting is the evaluation of specific lending risks that involves the analysis of the borrower's ability to service the debt as well as the assessment of the underlying collateral. Oversight and review procedures include the monitoring of the portfolio credit quality, early identification of potential problem credits and the management of the problem credits. As part of the oversight and review process, the Company maintains an allowance for loan losses to absorb estimated and probable losses inherent in the loan portfolio. For purposes of calculating the allowance, the Company segregates its loan portfolio into segments based primarily on the type of supporting collateral. The Commercial Real Estate and Residential Real Estate segments, which both exclude any collateral property currently under construction, are further disaggregated into Owner Occupied and Investor classes for each. Further, all segments are also segregated as either purchased credit impaired (“PCI”) loans, purchased loans not deemed impaired, troubled debt restructurings (“TDR”s), or new originations. The analysis for determining the allowance is consistent with guidance set forth in U.S. GAAP and the Interagency Policy Statement on the Allowance for Loan and Lease Losses. Pursuant to Bank policy, the allowance is evaluated quarterly by management and is based upon management's review of the collectability of loans in light of historical experience, the nature and volume of the loan portfolio, adverse situations that may affect the borrowers' ability to repay, estimated value of any underlying collateral and prevailing economic conditions. The allowance consists of specific and general reserves. The specific reserves relate to loans classified as impaired consisting primarily of nonaccrual loans, TDR and PCI loans where cash flows have deteriorated from those forecasted as of the acquisition date. The reserve for these loans is established when the discounted cash flows, collateral value, or observable market price, whichever is appropriate, of the impaired loan is lower than the carrying value. For impaired loans, any measured impairment is charged-off against the loan and allowance for those loans that are collateral dependent in the applicable reporting period. The general reserve covers loans that are not classified as impaired and primarily includes purchased loans not deemed impaired and new loan originations. The general reserve requirement is based on historical loss experience and several qualitative factors derived from economic and market conditions that have been determined to have an effect on the probability and magnitude of a loss. Since the Bank does not have its own sufficient loss experience, management also references the historical net charge-off experience of peer groups to determine a reasonable range of reserve values, which is permissible per Bank policy. The peer groups consist of competing Maryland-based financial institutions with established ranges in total asset size. Management will continue to evaluate the appropriateness of the peer group data used with each quarterly allowance analysis until such time that the Bank has sufficient loss experience to provide a foundation for the general reserve requirement. The qualitative analysis incorporates global environmental factors in the following trends: national and local economic metrics; portfolio risk ratings and composition; and concentrations in credit. The following table provides information on the activity in the allowance for loan losses by the respective loan portfolio segment for the three-month period ended March 31, 2017: Three Months: Commercial Commercial Residential Home Equity Consumer & Industrial Real Estate Real Estate Line of Credit Land Construction & Other Total Allowance for loan losses: Beginning balance $ 369,857 $ 1,082,855 $ 1,043,778 $ 184,296 $ 19,159 $ 111,503 $ 11,705 $ 2,823,153 Charge-offs — — (128,435) — — — — (128,435) Recoveries 113 — 24,317 — — — 100 24,530 Provision 44,075 211,004 148,403 15,382 2,198 19,198 261 440,521 Ending balance $ 414,045 $ 1,293,859 $ 1,088,063 $ 199,678 $ 21,357 $ 130,701 $ 12,066 $ 3,159,769 The following table presents loans and the related allowance for loan losses, by respective loan portfolio segment at March 31, 2017: Commercial Commercial Residential Home Equity Consumer & Industrial Real Estate Real Estate Line of Credit Land Construction & Other Total Allowance for loan losses: Ending balance: individually evaluated for impairment $ — $ — $ 258,606 $ — $ — $ — $ — $ 258,606 Ending balance: collectively evaluated for impairment 414,045 1,293,859 829,457 199,678 21,357 130,701 12,066 2,901,163 Totals $ 414,045 $ 1,293,859 $ 1,088,063 $ 199,678 $ 21,357 $ 130,701 $ 12,066 $ 3,159,769 Loans: Ending balance: individually evaluated for impairment $ 604,079 $ 272,002 $ 6,135,448 $ 54,256 $ — $ — $ 5,798 $ 7,071,583 Ending balance: collectively evaluated for impairment 65,411,113 204,404,671 131,038,188 31,545,340 3,373,947 20,648,309 1,906,214 458,327,782 Ending balance: loans acquired with deteriorated credit quality 1,212,410 13,680,166 11,757,915 645,351 2,437,707 103,340 — 29,836,889 Totals $ 67,227,602 $ 218,356,839 $ 148,931,551 $ 32,244,947 $ 5,811,654 $ 20,751,649 $ 1,912,012 $ 495,236,254 (1) Includes loans acquired with deteriorated credit quality of $143,590 that have current period charge offs. The following table provides information on the activity in the allowance for loan losses by the respective loan portfolio segment at December 31, 2016: Three Months: Commercial Commercial Residential Home Equity Consumer & Industrial Real Estate Real Estate Line of Credit Land Construction & Other Total Allowance for loan losses: Beginning balance $ 210,798 $ 727,869 $ 593,084 $ 157,043 $ 15,713 $ 62,967 $ 5,535 $ 1,773,009 Charge-offs — — (385,069) (5,203) — — (455) (390,727) Recoveries — — 51,338 — — — — 51,338 Provision 159,059 354,986 784,425 32,456 3,446 48,536 6,625 1,389,533 Ending balance $ 369,857 $ 1,082,855 $ 1,043,778 $ 184,296 $ 19,159 $ 111,503 $ 11,705 $ 2,823,153 The following table presents loans and the related allowance for loan losses, by respective loan portfolio segment at December 31, 2016: Commercial Commercial Residential Home Equity Consumer & Industrial Real Estate Real Estate Line of Credit Land Construction & Other Total Allowance for loan losses: Ending balance: individually evaluated for impairment $ — $ — $ 270,526 $ — $ — $ — $ — $ 270,526 Ending balance: collectively evaluated for impairment 369,857 1,082,855 773,252 184,296 19,159 111,503 11,705 2,552,627 Totals $ 369,857 $ 1,082,855 $ 1,043,778 $ 184,296 $ 19,159 $ 111,503 $ 11,705 $ 2,823,153 Loans: Ending balance: individually evaluated for impairment $ 641,774 $ 277,515 $ 4,521,110 $ 55,552 $ — $ — $ 5,798 $ 5,501,749 Ending balance: collectively evaluated for impairment 65,341,316 191,303,933 136,607,497 32,558,838 3,384,741 19,698,823 2,067,898 450,963,046 Ending balance: loans acquired with deteriorated credit quality (1) 1,251,552 13,913,888 12,239,508 641,623 2,486,258 106,089 — 30,638,918 Totals $ 67,234,642 $ 205,495,336 $ 153,368,115 $ 33,256,013 $ 5,870,999 $ 19,804,912 $ 2,073,696 $ 487,103,713 (1) Includes loans acquired with deteriorated credit quality of $104,460 that have current period charge-offs. The following table presents information with respect to impaired loans, which includes loans acquired with deteriorated credit quality that have current period charge-offs, at March 31, 2017 and for the three-month period ended March 31, 2017: For the three months ended At March 31, 2017 March 31, 2017 Unpaid Average Interest Recorded Principal Related Recorded Income Investment Balance Allowance Investment Recognized With no related allowance recorded: Commercial & Industrial $ 604,079 $ 692,798 $ — $ 671,604 $ 15,541 Commercial Real Estate - Investor 272,002 272,002 — 274,758 — Residential Real Estate - Investor 802,875 894,490 — 903,308 11,249 Residential Real Estate - Owner Occupied 4,672,015 4,861,451 — 4,809,767 48,065 Home Equity Line of Credit 54,256 84,174 — 69,863 — Consumer & Other 5,798 189,204 — 97,501 — With an allowance recorded: Residential Real Estate - Investor 783,194 789,517 258,606 798,140 16,227 Total 7,194,219 7,783,636 258,606 7,624,941 91,082 Total impaired loans: Commercial & Industrial $ 604,079 $ 692,798 $ — $ 671,604 $ 15,541 Commercial Real Estate 272,002 272,002 — 274,758 — Residential Real Estate 6,258,084 6,545,458 258,606 6,511,215 75,541 Home Equity Line of Credit 54,256 84,174 — 69,863 — Consumer & Other 5,798 189,204 — 97,501 — Total $ 7,194,219 $ 7,783,636 $ 258,606 $ 7,624,941 $ 91,082 The following table presents information with respect to impaired loans, which includes loans acquired with deteriorated credit quality that have current period charge-offs, at December 31, 2016 and for the year ended December 31, 2016: For the year ended At December 31, 2016 December 31, 2016 Unpaid Average Average Recorded Principal Related Recorded Income Investment Balance Allowance Investment Recognized With no related allowance recorded: Commercial & Industrial $ 641,774 $ 739,128 $ — $ 804,938 $ 79,886 Commercial Real Estate - Investor 277,515 277,515 — 294,053 — Residential Real Estate - Investor 785,500 890,719 — 994,674 11,748 Residential Real Estate - Owner Occupied 3,008,832 3,196,027 — 3,225,912 103,916 Home Equity Line of Credit 55,552 85,470 — 73,026 (68) Construction — — — Consumer & Other 5,798 189,204 — 97,501 — With an allowance recorded: Residential Real Estate - Investor 790,537 813,087 268,537 832,508 5,920 Residential Real Estate - Owner Occupied 159,028 159,028 1,989 160,102 — Total 5,724,536 6,350,178 270,526 6,482,714 201,402 Total impaired loans: Commercial & Industrial $ 641,774 $ 739,128 $ — $ 804,938 $ 79,886 Commercial Real Estate 277,515 277,515 — 294,053 — Residential Real Estate 4,743,897 5,058,861 270,526 5,213,196 121,584 Home Equity Line of Credit 55,552 85,470 — 73,026 (68) Construction — — — — — Consumer & Other 5,798 189,204 — 97,501 — Total $ 5,724,536 $ 6,350,178 $ 270,526 $ 6,482,714 $ 201,402 In addition to monitoring the performance status of the loan portfolio, the Company utilizes a risk rating scale (1-8) to evaluate loan asset quality for all loans. Loans that are rated 1-4 are classified as pass credits. Loans rated a 5 (Watch) are pass credits, but are loans that have been identified as warranting additional attention and monitoring. Loans that are risk rated 5 or higher are placed on the Company's monthly watch list. For the pass rated loans, management believes there is a low risk of loss related to these loans and, as necessary, credit may be strengthened through improved borrower performance and/or additional collateral. Loans rated a 6 (Special Mention) or higher are considered criticized loans and represent an increased level of credit risk and are placed into these three categories: 6 (Special Mention) - Borrowers exhibit potential credit weaknesses or downward trends that may weaken the credit position, if uncorrected. The borrowers are considered marginally acceptable without potential for loss of principal or interest. 7 (Substandard) - Borrowers have well defined weaknesses or characteristics that present the possibility that the Company will sustain some loss if the deficiencies are not corrected. 8 (Doubtful) - Borrowers classified as doubtful have the same weaknesses found in substandard borrowers; however, these weaknesses indicate that the collection of debt in full (principal and interest), based on current conditions, is highly questionable and improbable. In the normal course of loan portfolio management, relationship managers are responsible for continuous assessment of credit risk arising from the individual borrowers within their portfolio and assigning appropriate risk ratings. Credit Administration is responsible for ensuring the integrity and operation of the risk rating system and maintenance of the watch list. The Officer's Loan Committee meets monthly to discuss and monitor problem credits and internal risk rating downgrades that result in updates to the watch list. The following table provides information with respect to the Company's credit quality indicators by class of the loan portfolio at March 31, 2017: Risk Rating Pass Special Mention Substandard Doubtful Total Commercial & Industrial $ 62,582,177 $ 2,110,177 $ 2,535,248 $ — $ 67,227,602 Commercial Real Estate - Investor 145,310,233 708,717 3,076,276 — 149,095,226 Commercial Real Estate - Owner Occupied 66,932,175 1,135,538 1,193,900 — 69,261,613 Residential Real Estate - Investor 35,425,347 234,712 7,273,890 — 42,933,949 Residential Real Estate - Owner Occupied 98,727,064 — 7,270,538 — 105,997,602 Home Equity Line of Credit 31,959,699 — 286,539 (1,291) 32,244,947 Land 3,493,256 — 2,318,398 — 5,811,654 Construction 20,648,309 — 103,340 — 20,751,649 Consumer & Other 1,906,214 — 5,798 — 1,912,012 Total $ 466,984,474 $ 4,189,144 $ 24,063,927 $ (1,291) $ 495,236,254 The following table provides information with respect to the Company's credit quality indicators by class of the loan portfolio at December 31, 2016: Risk Rating Pass Special Mention Substandard Doubtful Total Commercial & Industrial $ 63,961,379 $ 688,595 $ 2,584,668 $ — $ 67,234,642 Commercial Real Estate - Investor 134,601,346 2,958,695 967,122 — 138,527,163 Commercial Real Estate - Owner Occupied 64,761,020 1,126,705 1,080,449 — 66,968,174 Residential Real Estate - Investor 36,905,288 240,700 7,641,052 — 44,787,040 Residential Real Estate - Owner Occupied 102,367,880 — 6,213,195 — 108,581,075 Home Equity Line of Credit 32,969,668 — 286,344 — 33,256,012 Land 3,513,607 — 2,357,392 — 5,870,999 Construction 19,698,823 — 106,089 — 19,804,912 Consumer & Other 2,067,898 — 5,798 — 2,073,696 Total $ 460,846,909 $ 5,014,695 $ 21,242,109 $ — $ 487,103,713 Management further monitors the performance and credit quality of the loan portfolio by analyzing the age of the portfolio as determined by the length of time a payment is past due. The following table presents the classes of the loan portfolio summarized by the aging categories of performing loans and nonaccrual loans at March 31, 2017. PCI loans are excluded from this aging and nonaccrual loans schedule. Accrual Loans 30-59 60-89 90 or More Days Days Days Total Nonaccrual Total Past Due Past Due Past Due Past Due Current Loans Loans Commercial & Industrial $ 94,296 $ — $ — $ 94,296 $ 65,568,393 $ 352,502 $ 66,015,191 Commercial Real Estate - Investor — — — — 140,488,857 272,002 140,760,859 Commercial Real Estate - Owner Occupied 113,255 — — 113,255 63,802,559 — 63,915,814 Residential Real Estate - Investor 63,176 — — 63,176 33,147,766 1,416,969 34,627,911 Residential Real Estate - Owner Occupied 1,684,676 28,748 — 1,713,424 96,309,486 4,522,815 102,545,725 Home Equity Line of Credit 312,766 — — 312,766 31,232,574 54,256 31,599,596 Land — — — — 3,373,948 — 3,373,948 Construction — — — — 20,648,309 — 20,648,309 Consumer & Other 15,898 150 — 16,048 1,890,166 5,798 1,912,012 Total $ 2,284,067 $ 28,898 $ — $ 2,312,965 $ 456,462,058 $ 6,624,342 $ 465,399,365 Purchased credit impaired loans 29,836,889 Total Loans $ 495,236,254 The following table presents the classes of the loan portfolio summarized by the aging categories of performing loans and nonaccrual loans at December 31, 2016. PCI loans are excluded from this aging and nonaccrual loans schedule. Accrual Loans 30-59 60-89 90 or More Days Days Days Total Nonaccrual Total Past Due Past Due Past Due Past Due Current Loans Loans Commercial & Industrial $ 17,737 $ — $ — $ 17,737 $ 65,582,550 $ 382,802 $ 65,983,089 Commercial Real Estate - Investor — — — — 129,751,253 277,515 130,028,768 Commercial Real Estate - Owner Occupied 139,670 149,119 — 288,789 61,263,891 — 61,552,680 Residential Real Estate - Investor 702,856 — — 702,856 34,114,611 1,260,961 36,078,428 Residential Real Estate - Owner Occupied 2,933,983 373,168 — 3,307,151 98,724,320 3,018,710 105,050,181 Home Equity Line of Credit 136,387 — — 136,387 32,422,450 55,552 32,614,389 Land — — — — 3,384,741 — 3,384,741 Construction 173,105 — — 173,105 19,525,718 — 19,698,823 Consumer & Other — — — — 2,067,898 5,798 2,073,696 Total $ 4,103,738 $ 522,287 $ — $ 4,626,025 $ 446,837,432 $ 5,001,338 $ 456,464,795 Purchased credit impaired loans 30,638,918 Total Loans $ 487,103,713 Troubled Debt Restructurings The restructuring of a loan constitutes a TDR if the creditor, for economic or legal reasons related to the debtor’s financial difficulties, grants a concession to the debtor that it would not otherwise consider in the normal course of business. A concession may include an extension of repayment terms which would not normally be granted, a reduction of interest rate or the forgiveness of principal and/or accrued interest. If the debtor is experiencing financial difficulty and the creditor has granted a concession, the Company will make the necessary disclosures related to the TDR. In certain cases, a modification may be made in an effort to retain a customer who is not experiencing financial difficulty. This type of modification is not considered to be a TDR. Once a loan has been modified and is considered a TDR, it is reported as an impaired loan. All TDRs are evaluated individually for impairment on a quarterly basis as part of the allowance for credit losses calculation. A specific allowance for TDR loans is established when the discounted cash flows, collateral value or observable market price, whichever is appropriate, of the TDR is lower than the carrying value. If a loan deemed a TDR has performed for at least six months at the level prescribed by the modification, it is not considered to be non-performing; however, it will generally continue to be reported as impaired, but may be returned to accrual status. A TDR is deemed in default on its modified terms once a contractual payment is 30 or more days past due. The following table presents a breakdown of loans that the Company modified during the three-month periods ended March 31, 2017 and 2016: Three Months Ended March 31, 2017 Three Months Ended March 31, 2016 Pre-Modification Post-Modification Pre-Modification Post-Modification Outstanding Outstanding Outstanding Outstanding Number of Recorded Recorded Number of Recorded Recorded Contracts Investment Investment Contracts Investment Investment Troubled Debt Restructurings: Commercial & Industrial — $ — $ — — $ — $ — Commercial Real Estate – Investor — — — — — — Commercial Real Estate – Owner Occupied — — — — — — Residential Real Estate - Investor — — — 1 38,785 38,785 Residential Real Estate - Owner Occupied — — — — — — Home Equity Line of Credit — — — — — — Totals — $ — $ — 1 $ 38,785 $ 38,785 For the three-month period ended March 31, 2017, there were no loans modified as a TDR. None of the loans modified as a TDR during the previous 12 months were in default of their modified terms at the quarter ended March 31, 2017. At March 31, 2017 and December 31, 2016, the Bank had $1,728,919 and $1,824,206, respectively, in loans identified as TDRs of which $1,281,678 and $1,323,795, respectively, were on nonaccrual status.

Accounting For Certain Loans Ac

Accounting For Certain Loans Acquired In A Transfer	3 Months Ended
	Mar. 31, 2017
Accounting For Certain Loans Acquired In A Transfer
Accounting For Certain Loans Acquired In A Transfer,	NOTE 5 – ACCOUNTING FOR CERTAIN LOANS ACQUIRED IN A TRANSFER Loans purchased with evidence of credit deterioration since origination and for which it is probable that all contractually required payments will not be collected are considered to be credit impaired. Evidence of credit quality deterioration as of the purchase date may include information such as past due and nonaccrual status, borrower credit scores and recent loan to value percentages. Purchased credit-impaired loans are initially measured at fair value, which considers estimated future loan losses expected to be incurred over the life of the loan. Accordingly, an allowance for loan losses related to these loans was not carried over and recorded at the acquisition date. The Company monitors actual loan cash flows to determine any improvement or deterioration from those forecasted as of the acquisition date. The following table reflects the carrying amount of purchased credit impaired loans, which are included in the loan categories in Note 4 – Loans and Allowances for Loan Losses: March 31, 2017 December 31, 2016 Commercial & Industrial $ 1,212,410 $ 1,251,552 Commercial Real Estate 13,680,166 13,913,888 Residential Real Estate 11,757,915 12,239,507 Home Equity Line of Credit 645,351 641,623 Land 2,437,707 2,486,259 Construction 103,340 106,089 Total Loans $ 29,836,889 $ 30,638,918 The contractual amount outstanding for these loans totaled $33,834,687 and $34,915,206 at March 31, 2017 and December 31, 2016, respectively. The following table reflects activity in the accretable discount for loans purchased with evidence of credit deterioration since origination for the three-month periods ended March 31, 2017 and 2016: Three Months Ended March 31, 2017 2016 Balance at beginning of period $ 1,315,318 $ 275,730 Reclassification from nonaccretable difference 183,922 125,307 Accretion into interest income (236,523) (209,529) Disposals (31,294) — Balance at end of period $ 1,231,423 $ 191,508 The following table reflects activity in the allowance for loan losses for loans purchased with evidence of credit deterioration since origination for the three-month periods ended March 31, 2017 and 2016: Three Months Ended March 31, 2017 2016 Balance at beginning of period $ 77,175 $ — Charge-offs (3,156) (33,182) Recoveries 21,424 — (Recapture) provision for loan losses (22,381) 67,674 Balance at end of period $ 73,062 $ 34,492

Real Estate Acquired Through Fo

Real Estate Acquired Through Foreclosure	3 Months Ended
	Mar. 31, 2017
Real Estate Acquired Through Foreclosure
Real Estate Acquired Through Foreclosure	NOTE 6 – REAL ESTATE ACQUIRED THROUGH FORECLOSURE The following table reflects activity in real estate acquired through foreclosure for the three-month periods ended March 31, 2017 and 2016. Three Months Ended March 31, 2017 2016 Balance at beginning of period $ 1,224,939 $ 1,459,732 New transfers from loans 59,359 85,500 Sales (656,895) — Write-downs (62,725) (43,336) Balance at end of period $ 564,678 $ 1,501,896

Core Deposit Intangible Assets

Core Deposit Intangible Assets	3 Months Ended
	Mar. 31, 2017
Core Deposit Intangible Assets
Core Deposit Intangible Assets	NOTE 7 – CORE DEPOSIT INTANGIBLE ASSETS The Company's core deposit intangible assets at March 31, 2017 had a remaining weighted average amortization period of approximately 6.4 years. The following table presents the changes in the net book value of core deposit intangible assets for the three-month periods ended March 31, 2017 and 2016: Three Months Ended March 31, 2017 2016 Balance at beginning of period $ 3,030,309 $ 2,624,184 Amortization expense (235,465) (192,808) Balance, at end of period $ 2,794,844 $ 2,431,376 The following table presents the gross carrying amount, accumulated amortization, and net carrying amount of core deposit intangible assets at March 31, 2017 and December 31, 2016: March 31, 2017 December 31, 2016 Gross carrying amount $ 6,775,211 $ 6,775,211 Accumulated amortization (3,980,367) (3,744,902) Net carrying amount $ 2,794,844 $ 3,030,309 The following table sets forth the future amortization expense for the Company’s core deposit intangible assets at March 31, 2017: Nine months ending December 31: Amount 2017 $ 553,717 Twelve months ending December 31: 2018 616,111 2019 540,682 2020 488,027 2021 380,430 Subsequent years 215,877 Total $ 2,794,844

Deposits

Deposits	3 Months Ended
	Mar. 31, 2017
Deposits.
Deposits	NOTE 8 – DEPOSITS The following table presents the composition of deposits at March 31, 2017 and December 31, 2016: March 31, 2017 December 31, 2016 Noninterest-bearing deposits $ 112,411,694 $ 111,378,694 Interest-bearing deposits: Checking 64,813,604 58,482,158 Savings 120,026,790 120,376,229 Money market 115,607,033 109,550,925 Total interest-bearing checking, savings and money market deposits 300,447,427 288,409,312 Time deposits $250,000 and below 104,269,554 114,871,256 Time deposits above $250,000 8,673,807 11,799,132 Total time deposits 112,943,361 126,670,388 Total interest-bearing deposits 413,390,788 415,079,700 Total Deposits $ 525,802,482 $ 526,458,394 The following table sets forth the maturity distribution for the Company’s time deposits at March 31, 2017: Amount Maturing within one year $ 61,250,919 Maturing over one to two years 19,623,386 Maturing over two to three years 19,494,435 Maturing over three to four years 5,617,738 Maturing over four to five years 6,754,596 Maturing over five years 202,287 Total Time Deposits $ 112,943,361 Interest expense on deposits for the three-month periods ended March 31, 2017 and 2016 is as follows: Three Months Ended March 31, 2017 2016 Interest-bearing checking $ 14,220 $ 13,866 Savings 105,634 10,515 Money market 85,466 63,166 Total interest-bearing checking, savings and money market deposits 205,320 87,547 Time deposits $250,000 and below 226,458 197,769 Time deposits above $250,000 24,072 23,861 Total time deposits 250,530 221,630 Total Interest Expense $ 455,850 $ 309,177 The Company’s deposits include brokered deposits obtained through the Promontory Interfinancial Network, which consist of Certificate of Deposit Registry Service (“CDARS”) balances included in time deposits, and insured cash sweep service (“ICS”) balances included in money market deposits. At March 31, 2017, CDARS and ICS deposits were $16.5 million. At December 31, 2016, CDARS and ICS deposits were $11.1 million.

Short-Term Borrowings

Short-Term Borrowings	3 Months Ended
	Mar. 31, 2017
Short-Term Borrowings.
Short-Term Borrowings	NOTE 9 – SHORT-TERM BORROWINGS Short-term borrowings at March 31, 2017 and December 31, 2016 consisted of the following: March 31, 2017 December 31, 2016 Federal Home Loan Bank Advances Due December, 2017, Daily Rate 0.80% $ — $ 20,000,000 Due December, 2017, Daily Rate 1.07% 14,000,000 — Due April, 2017, Fixed Rate 0.89% 20,000,000 — Total $ 34,000,000 $ 20,000,000 Interest expense on FHLB advances and Atlantic Community Bankers Bank (“ACBB”) advances for the three month periods ended March 31, 2017 and 2016 was $60,204 and $ 63,795 , respectively. The Company had no long-term borrowings at March 31, 2017 or December 31, 2016 .

Stock-Based Compensation

Stock-Based Compensation	3 Months Ended
	Mar. 31, 2017
Stock-Based Compensation [Abstract]
Stock Based Compensation	NOTE 10 – STOCK-BASED COMPENSATION The Bay Bancorp, Inc. 2015 Equity Compensation Plan (the “2015 Plan”) was adopted by the Company’s Board of Directors in March 2015 and approved by the Company’s stockholders in May 2015. The 2015 Plan is a broad-based plan that permits the grant of stock options, stock awards and other stock-based awards. The 2015 Plan is available to all employees of the Company and its subsidiaries, including employees who are officers or members of the Board, all non-employee directors of the Company, and consultants of the Company and its subsidiaries. The Board’s Compensation Committee administers the 2015 Plan. An aggregate of 100,000 shares of common stock were reserved for issuance under awards granted under the 2015 Plan. The 2015 Plan provides that the aggregate number of shares that may be issued or transferred pursuant to incentive options is 100,000. In any calendar year, a participant may not be awarded grants covering more than 20,000 shares. At March 31, 2017 and December 31, 2016, awards with respect to 35,000 and 40,000 shares, respectively, were outstanding under the 2015 Plan. The Company assumed the Jefferson Bancorp, Inc. 2010 Stock Option Plan (the “Jefferson Plan”) in 2013 when it merged (the “Jefferson Merger”) with Jefferson Bancorp, Inc. (“Jefferson”). The Jefferson Plan was approved by Jefferson’s Board of Directors in September 2010 and adopted by its stockholders in April 2011. Awards were available for grant to officers, employees and non-employee directors, independent consultants and contractors of Jefferson and its affiliates, including the Bank. The Jefferson Plan is administered by the Board’s Compensation Committee. The Jefferson Plan authorized the issuance of up to 577,642 shares of common stock (as adjusted for the Jefferson Merger’s exchange ratio of 2.2217) and had a term of 10 years. In general, options granted under the Jefferson Plan have an exercise price equal to 100% of the fair market value of the common stock at the date of the grant and have a 10-year terms. Options relating to a total of 88,308 and 156,072 shares of common stock were outstanding at March 31, 2017 and December 31, 2016, respectively. The Carrollton Bancorp 2007 Equity Plan (the “Carrollton Plan” and, together with the 2015 Plan and the Jefferson Plan, the “Equity Plans”) was adopted by the Board of Directors of Carrollton Bancorp in March 2007 and approved by the stockholders of Carrollton Bancorp in April 2007. The Carrollton Plan is a broad-based plan that permits the grant of stock options, stock appreciation rights, stock awards and performance units. The Carrollton Plan reserved 500,000 shares of common stock were issuance. Options relating to a total of 150,889 and 191,558 shares of common stock were outstanding at March 31, 2017 and December 31, 2016, respectively. The following table summarizes changes in the Company’s stock options outstanding and exercisable at March 31, 2017 and December 31, 2016. Weighted Average Weighted Average Stock Options Exercise Remaining Outstanding Price Contractual Life (years) Outstanding, December 31, 2016 387,630 $ 5.32 6.1 Granted 10,000 7.00 9.8 Exercised (87,764) 3.53 Forfeited or expired (35,669) 4.88 Outstanding, March 31, 2017 274,197 $ 5.07 6.7 Exercisable, March 31, 2017 175,197 $ 4.91 5.6 Stock-based compensation expense is recognized on a straight-line basis over the service period of the stock options and is recorded in noninterest expense. For the three-month periods ended March 31, 2017 and 2016, option award stock-based compensation expense applicable to the Plans was $ 10,713 and $ 15,586 , respectively. Unrecognized stock-based compensation expense attributable to non-vested options was $ 124,265 at March 31, 2017. This amount is expected to be recognized over a remaining weighted average period of approximately 3.8 years. Restricted Stock Awards On June 26, 2013, the Company’s Board of Directors revised its director compensation policy to provide for an annual grant to each non-employee director of an award of shares of restricted common stock having a fair market value of $10,000 that will vest one year after the date of the grant. The Company has an incentive stock award program (the “Program”) covering substantially all full-time employees. At March 31, 2017, 74,795 restricted shares of the Company’s common shares have been granted under the Program. At March 31, 2017 and December 31, 2016, total restricted share grants relating to 7 7,138 shares and 66,093 shares, respectively, of unvested restricted common stock were outstanding. A total of 15,968 shares of restricted common stock were granted to the eight eligible directors on May 25, 2016. Total stock-based compensation expense attributable to the shares of restricted common stock was $ 51,850 and $ 19,999 for the three-month periods ended March 31, 2017 and 2016, respectively. The total unrecognized compensation expense attributable to the shares of restricted common stock was $ 269,187 at March 31, 2017. This amount is expected to be recognized over a remaining weighted average period of approximately 1.8 years.

Defined Benefit Pension Plan

Defined Benefit Pension Plan	3 Months Ended
	Mar. 31, 2017
Defined Benefit Pension Plan
Defined Benefit Pension Plan	NOTE 11 – DEFINED BENEFIT PENSION PLAN The Carrollton Bank Retirement Income Plan (the “Pension Plan”) provides defined benefits based on years of service and final average salary. Effective December 31, 2004, all benefit accruals for existing employees were frozen and no new employees were eligible for benefits under the Pension Plan . The components of net periodic pension benefit are as follows: Three Months Ended March 31, Net Periodic Pension Benefit 2017 2016 Service cost $ 18,167 $ 18,225 Interest cost 68,010 112,891 Expected return on plan assets (105,146) (160,937) Amortization of net gain (68) — Net periodic pension benefit $ (19,037) $ (29,821) 401(k) Plan The Company has a 401(k) profit sharing plan covering substantially all full-time employees. For 2015, the Company made a discretionary employer matching contribution that was paid in shares of the Company’s common stock, in an amount equal to 50% of a participant’s contributions made between July 1, 2015 and December 31, 2015 capped at 2% of his or her compensation for 2015. These contributions were made in 2016. For 2016, the Company intends to make a discretionary employer matching contribution, to be paid in cash in 2017, in an amount equal to 50% of employee participant’s annual contributions, capped at 3% of his or her compensation for 2016. The expense associated with this plan during the three-month periods ended March 31, 2017 and 2016 was $31,089 and $55,800, respectively.

Income Taxes

Income Taxes	3 Months Ended
	Mar. 31, 2017
Income Taxes
Income Taxes	NOTE 12 – INCOME TAXES The differences between the statutory federal income tax rate of 34% and the effective tax rate for the Company are reconciled as follows: Three months ended March 31, 2017 2016 Income tax expense at federal statutory rate 34.0 % 34.0 % Increase (decrease) resulting from: Tax exempt income (2.2) % (2.5) % State income taxes, net of federal income tax benefit 5.4 % 5.7 % Incentive stock options 0.7 % 0.5 % Other nondeductible (income) expenses 0.1 % 1.1 % Effective income tax rate 38.0 % 38.8 % The effective tax rate for the three-month periods ended March 31, 2017 and 2016 was 38.0% and 38.8%, respectively. In accordance with FASB ASC 740-270, Accounting for Interim Reporting, the provision for income taxes was recorded at March 31, 2017 and 2016 based on the current estimate of the effective annual rate.

Net Income Per Common Share

Net Income Per Common Share	3 Months Ended
	Mar. 31, 2017
Net Income Per Common Share
Net Income Per Common Share	NOTE 13 - NET INCOME PER COMMON SHARE Basic earnings per common share is derived by dividing net income available to common stockholders by the weighted-average number of common shares outstanding during the period and does not include the effect of any potentially dilutive common stock equivalents. Diluted earnings per share is derived by dividing net income available to common stockholders by the weighted-average number of shares outstanding, adjusted for the dilutive effect of outstanding common stock equivalents. There is no dilutive effect on earnings per share during a loss period . The calculations of net income per common share for the three-month periods ended March 31, 2017 and 2016 are as follows: Three months ended March 31, 2017 2016 Basic earnings per share: Net income available to common shareholders $ 956,808 $ 186,399 Weighted average shares outstanding 10,500,292 11,005,240 Basic net income per share $ 0.09 $ 0.02 Diluted earnings per share: Net income available to common shareholders $ 956,808 $ 186,399 Weighted average shares outstanding 10,500,292 11,005,240 Dilutive potential shares 150,264 94,755 Total diluted average shares outstanding 10,650,556 11,099,995 Total diluted net income per share $ 0.09 $ 0.02

Commitments And Contingent Liab

Commitments And Contingent Liabilities	3 Months Ended
	Mar. 31, 2017
Commitments And Contingent Liabilities
Commitments And Contingent Liabilities	NOTE 14 - COMMITMENTS AND CONTINGENT LIABILITIES The Company is a party to financial instruments with off-balance sheet risk in the normal course of business. These financial instruments include loan commitments, unused lines of credit, standby letters of credit and mortgage loan repurchase obligations. The Company uses these financial instruments to meet the financing needs of its customers and provide the Company a source of fee income. Financial instruments involve, to varying degrees, elements of credit, interest rate and liquidity risk. These do not represent unusual risks and management does not anticipate any losses which would have a material effect on the accompanying consolidated financial statements. Outstanding loan commitments, lines and letters of credit obligations and mortgage loan repurchase obligations at March 31, 2017 and December 31, 2016 were as follows: March 31, 2017 December 31, 2016 Loan commitments $ 10,337,191 $ Unused lines of credit 106,352,098 Standby letters of credit 6,948,276 Mortgage loan repurchase obligations 6,058,774 7,177,755 Loan commitments and unused lines of credit are agreements to lend to a customer as long as there is no violation of any condition established in the contract. The Company generally requires collateral to support financial instruments with credit risk on the same basis as it does for on-balance sheet instruments. The collateral requirement is based on management's credit evaluation of the counter party. Commitments generally have fixed expiration dates or other termination clauses and may require payment of a fee. Since many of the commitments are expected to expire without being drawn upon, the total commitment amount does not necessarily represent future cash requirements. Each customer's creditworthiness is evaluated on a case-by-case basis. Standby letters of credit are conditional commitments issued to guarantee the performance of a customer to a third party. The credit risk involved in issuing letters of credit is essentially the same as that involved in extending loan facilities to customers. On September 20, 2016, shortly after the Company’s merger with Hopkins Bancorp, Inc. (“Hopkins”) and the related merger of Hopkins Federal Savings Bank (“Hopkins Bank”) with and into the Bank (collectively, the “Hopkins Merger”), Alvin M. Lapidus, the former Chairman of Hopkins and Hopkins Bank, and Lois F. Lapidus, his wife, filed a lawsuit against the Bank in the United States District Court, District of Maryland, in which they alleged that a former employee of Hopkins Bank embezzled approximately $1.48 million from their deposit accounts at Hopkins Bank prior to the Hopkins Merger. The complaint seeks damages in the amount that was allegedly embezzled plus interest, which is still accruing. This former employee was criminally charged in federal court and plead guilty to Wire Fraud, in violation of 18 U.S.C. § 1343, and Embezzlement by a Bank Employee, in violation of 18 U.S.C. § 656, and the information supporting her plea agreement identifies Mr. and Mrs. Lapidus as victims. This former employee is scheduled to be sentenced in May 2017. The Bank is vigorously defending this case and, at this point, cannot assess the likelihood of success of any of its defenses or, thus, the outcome of this litigation. If a judgment were to be entered against Bay Bank, then Bay Bank intends to pursue an indemnity claim against a fidelity bond. The Bank believes that its insurance policies will cover a portion of its legal expenses relating to this litigation and has recorded appropriate accruals in the fair value accounting of the assets and liabilities acquired in the Hopkins Merger. In the ordinary course of business, the Company has various outstanding contingent liabilities that are not reflected in the accompanying consolidated financial statements. In the opinion of management, after consulting with legal counsel, the ultimate disposition of these matters is not expected to have a material adverse effect on the financial condition of the Company. The Company originates and sells mortgage loans, primarily to other financial institutions, and provides various representations and warranties related to, among other things, the ownership of the loans, the validity of the liens, the loan selection and origination process, and the compliance to the origination criteria established by the purchasing institution. In the event of a breach of the Company’s representations or warranties, the Company may be obligated to repurchase the loans with identified defects or to indemnify the buyers. The Company’s contractual obligation arises only when the breach of a representation or warranty is discovered and repurchase is demanded by the purchaser. The loan balances subject to repurchase were $6.1 million and $7.2 million at March 31, 2017 and December 31, 2016, respectively. Management does not expect losses resulting from repurchase requests to be material to reported financial results .

Fair Value

Fair Value	3 Months Ended
	Mar. 31, 2017
Fair Value
Fair Value	NOTE 15 – FAIR VALUE The Company uses fair value measurements to record fair value adjustments to certain assets and liabilities and to determine fair value disclosures. In accordance with FASB ASC Topic 820, Fair Value Measurements and Disclosures, the fair value of a financial instrument is the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. Fair value is best determined based upon quoted market prices. However, in many instances, there are no quoted market prices for the Company’s various financial instruments. In cases where quoted market prices are not available, fair values are based on estimates using present value or other valuation techniques. Those techniques are significantly affected by the assumptions used, including the discount rate and estimates of future cash flows. Accordingly, the fair value estimates may not be realized in an immediate settlement of the instrument. The fair value guidance provides a consistent definition of fair value, which focuses on exit price in an orderly transaction (that is, not a forced liquidation or distressed sale) between market participants at the measurement date under current market conditions. If there has been a significant decrease in the volume and level of activity for the asset or liability, a change in valuation technique or the use of multiple valuation techniques may be appropriate. In such instances, determining the price at which willing market participants would transact at the measurement date under current market conditions depends on the facts and circumstances and requires the use of significant judgment. The fair value is a reasonable point within the range that is most representative of fair value under current market conditions. The Fair Value Hierarchy In accordance with this guidance, the Company groups its financial assets and financial liabilities generally measured at fair value in three levels, based on the markets in which the assets and liabilities are traded and the reliability of the assumptions used to determine fair value. Level 1 - Valuation is based on quoted prices in active markets for identical assets or liabilities that the reporting entity has the ability to access at the measurement date. Level 1 assets and liabilities generally include debt and equity securities that are traded in an active exchange market. Valuations are obtained from readily available pricing sources for market transactions involving identical assets and liabilities. Level 2 - Valuation is based on inputs other than quoted prices included in Level 1 that are observable for the asset or liability, either directly or indirectly. The valuation may be based on quoted prices for similar assets and liabilities; quoted prices in markets that are not active; or other inputs that are observable or can be corroborated by observable market data for substantially the full term of the asset or liability. Level 3 – Valuation is based on unobservable inputs that are supported by little or no market activity and that are significant to the fair value of the assets or liabilities. Level 3 assets and liabilities include financial instruments whose value is determined using pricing models, discounted cash flow methodologies, or similar techniques, as well as instruments for which determination of fair value requires significant management judgment or estimation. A financial instrument’s categorization within the valuation hierarchy is based upon the lowest level of input that is significant to the fair value measurement. In accordance with FASB’s guidance, impaired loans where an allowance is established based on the fair value of collateral and real estate acquired through foreclosure requires classification in the fair value hierarchy. When the fair value of the collateral is based on an observable market price or a current appraised value, the Company measures and records the loan or real estate acquired through foreclosure as nonrecurring Level 2. When an appraised value is not available or management determines the fair value of the collateral is further impaired below the appraised value and there is no observable market price, the Company measures and records the loan or real estate acquired through foreclosure as nonrecurring Level 3. The value of real estate collateral is determined based on appraisals by qualified licensed appraisers hired by the Company. Impaired loans and real estate acquired through foreclosure are reviewed and evaluated on at least a quarterly basis for additional impairment and adjusted accordingly, based on the same factors identified above. Assets Recorded at Fair Value on a Recurring Basis The following methods and assumptions were used by the Company to measure certain assets recorded at fair value on a recurring basis in the consolidated financial statements. Investment Securities Available for Sale The fair value of investment securities available for sale is the market value based on quoted market prices when available (Level 1). If listed prices or quotes are not available, fair value is based upon quoted market prices for similar assets or, due to the limited market activity of the instrument, externally developed models that use significant observable inputs (Level 2) or externally developed models that use unobservable inputs due to limited or no market activity of the instrument (Level 3). It includes model pricing, defined as valuing securities based upon their relationship with other benchmark securities and market information from third party sources. In the absence of current market activity, securities may be evaluated either by reference to similarly situated bonds or based on the liquidation value or restructuring value of the underlying assets. There were no change in valuation techniques used to measure fair value of securities available for sale for the three-months ended March 31, 2017. The tables below present the recorded amount of assets measured at fair value on a recurring basis at March 31, 2017 and December 31, 2016: Significant Other Significant Other Carrying Value Quoted Prices Observable Inputs Unobservable March 31, 2017 (Fair Value) (Level 1) (Level 2) Inputs (Level 3) U.S. government agency $ 6,822,437 $ — $ 6,822,437 $ — U.S. treasury securities 8,654,430 — 8,654,430 — Residential mortgage-backed securities 36,876,651 — 36,876,651 — State and municipal 2,628,053 — 2,628,053 — Corporate obligations 9,402,172 — 9,402,172 — Equity securities 71,346 71,346 — — $ 64,455,089 $ 71,346 $ 64,383,743 $ — Significant Other Significant Other Carrying Value Quoted Prices Observable Inputs Unobservable December 31, 2016 (Fair Value) (Level 1) (Level 2) Inputs (Level 3) U.S. government agency $ 7,773,118 $ — $ 7,773,118 $ — U.S. treasury securities 8,623,259 — 8,623,259 — Residential mortgage-backed securities 30,813,481 — 30,813,481 — State and municipal 2,637,280 — 2,637,280 — Corporate obligations 10,328,455 — 10,328,455 — Equity securities 57,134 57,134 — — $ 60,232,727 $ 57,134 $ 60,175,593 $ — Assets Recorded at Fair Value on a Nonrecurring Basis On a nonrecurring basis, the Company may be required to measure certain assets at fair value in accordance with U.S. GAAP. These adjustments to fair value usually result from application of lower of cost or fair value accounting or write-downs of individual assets due to impairment. The following methods and assumptions were used by the Company to measure certain assets recorded at fair value on a nonrecurring basis in the consolidated financial statements: Loans Held for Sale Loans held for sale are recorded at the lower of cost or estimated market value on an aggregate basis. Market value is determined based on the price secondary markets are currently offering for similar loans using observable market data which is not materially different than cost due to the short duration between origination and sale. As such, the Company records any fair value adjustments on a nonrecurring basis. No nonrecurring fair value adjustments were recorded on loans held for sale during the three-month period ended March 31, 2017 or the year ended December 31, 2016. Impaired Loans Loans for which it is probable that payment of principal and interest will not be made in accordance with the contractual terms of the loan are considered impaired. Once a loan is identified as individually impaired, management measures impairment in accordance with ASC Topic 310, using the present value of expected cash flows, the loan’s observable market price, or the fair value of collateral (less estimated selling costs) if the loan is collateral dependent. A specific allowance for loan loss is then established or a charge-off is recorded if the loan is collateral dependent and the loan is classified at a Level 3 in the fair value hierarchy. Appraised collateral values may be discounted based on management’s historical knowledge, changes in market conditions from the time of valuation, and/or management’s expertise and knowledge of the borrower’s business. Impaired loans are reviewed and evaluated on at least a quarterly basis for additional impairment and adjusted accordingly, based on the factors identified above. Valuation techniques are consistent with those applied in prior periods. Real Estate Acquired Through Foreclosure Real estate acquired through foreclosure (“REO”) is adjusted to fair value upon transfer of the loan to REO and is classified at a Level 3 in the fair value hierarchy. Subsequently, the REO is carried at the lower of carrying value or fair value. The estimated fair value for REO included in Level 3 is determined by independent market based appraisals and other available market information, less estimated costs to sell, that may be reduced further based on market expectations or an executed sales agreement. If the fair value of REO deteriorates subsequent to the period of transfer, the REO is also classified at a Level 3 in the fair value hierarchy. Valuation techniques are consistent with those techniques applied in prior periods. The tables below presents the recorded assets measured at fair value on a nonrecurring basis at March 31, 2017 and December 31, 2016: Significant Other Significant Other Carrying Value Quoted Prices Observable Inputs Unobservable March 31, 2017 (Fair Value) (Level 1) (Level 2) Inputs (Level 3) Impaired loans $ 735,890 $ — $ — $ 735,890 Real estate acquired through foreclosure 49,500 — — 49,500 $ 785,390 $ — $ — $ 785,390 Significant Other Significant Other Carrying Value Quoted Prices Observable Inputs Unobservable December 31, 2016 (Fair Value) (Level 1) (Level 2) Inputs (Level 3) Impaired loans $ 819,877 $ — $ — $ 819,877 Real estate acquired through foreclosure 1,224,939 — — 1,224,939 $ 2,044,816 $ — $ — $ 2,044,816 Quantitative Information about Level 3 Fair Value Measurements March 31, 2017 Fair Value Valuation Technique Unobservable Input Range Impaired loans $ 735,890 Appraisal of collateral (1) Appraisal adjustments (2) 0% - 10% Real estate acquired through foreclosure $ 49,500 Appraisal of collateral (1) Appraisal adjustments (2) 0% - 10% Estimated selling cost (2) 0% - 10% Quantitative Information about Level 3 Fair Value Measurements December 31, 2016 Fair Value Valuation Technique Unobservable Input Range Impaired loans $ 819,877 $ Appraisal of collateral (1) Appraisal adjustments (2) 0% - 10% Real estate acquired through foreclosure $ 1,224,939 Appraisal of collateral (1) Appraisal adjustments (2) 0% - 10% Estimated selling cost (2) 0% - 10% (1) Fair value is generally determined through independent appraisals of the underlying collateral, which generally include various level 3 inputs which are not observable. (2) Appraisals may be adjusted by management for qualitative factors such as estimated selling cost. The range and weighted average of estimated selling cost and other appraisal adjustments are presented as a percent of the appraisal. Fair Value of Financial Instruments The Company discloses fair value information about financial instruments, for which it is practicable to estimate the value, whether or not such financial instruments are recognized on the balance sheets. Fair value is the amount at which a financial instrument could be exchanged in a current transaction between willing parties, other than in a forced sale or liquidation, and is best evidenced by a quoted market price, if one exists. Quoted market prices, where available, are shown as estimates of fair market values. Because no quoted market prices are available for a significant part of the Company's financial instruments, the fair values of such instruments have been derived based on the amount and timing of estimated future cash flows and using market discount rates. Present value techniques used in estimating the fair value of many of the Company's financial instruments are significantly affected by the assumptions used. In that regard, the derived fair value estimates cannot be substantiated by comparison to independent markets and, in many cases, could not be realized in immediate cash settlement of the instrument. Additionally, the accompanying estimates of fair values are only representative of the fair values of the individual financial assets and liabilities and should not be considered an indication of the fair value of the Company. The following disclosure of estimated fair values of the Company's financial instruments at March 31, 2017 and December 31, 2016 is made in accordance with the requirements of ASC Topic 820: Level in Fair March 31, 2017 December 31, 2016 Value Carrying Estimated fair Carrying Estimated fair Hierarchy Amount value Amount value Financial assets: Cash and cash equivalents Level 1 $ 42,804,335 $ 42,804,335 $ 40,027,456 $ 40,027,456 Investment securities available for sale (debt) Level 2 64,383,743 64,383,743 60,175,593 60,175,593 Investment securities available for sale (equity) Level 1 71,346 71,346 57,134 57,134 Investment securities held to maturity (debt) Level 2 1,137,200 1,124,203 1,158,238 1,149,342 Restricted equity securities Level 2 2,322,295 2,322,295 1,823,195 1,823,195 Loans held for sale Level 2 848,975 848,975 1,613,497 1,613,497 Loans, net of allowance Level 3 492,076,485 493,899,067 484,280,560 487,325,072 Accrued interest receivable Level 2 1,921,253 1,921,253 1,884,945 1,884,945 Financial liabilities: Deposits Level 3 525,802,482 525,658,261 526,458,394 526,119,460 Accrued interest payable Level 2 34,557 34,557 16,406 16,406 Borrowings Level 2 34,000,000 34,000,000 20,000,000 20,000,000 The following methods and assumptions were used to estimate the fair value of each category of financial instruments for which it is practicable to estimate that value: Cash and due from banks, federal funds sold and overnight investments. The carrying amount approximated the fair value. Investment securities (available for sale) . See recurring fair value measurements above for methods. Investment securities (held to maturity) . The fair value of debt securities is based upon quoted prices for similar assets or externally developed models that use significant observable inputs. Restricted equity securities . Since these stocks are restricted as to marketability, the carrying value approximated fair value. Loans held for sale. The carrying amount approximated the fair value. Loans held for sale are recorded at the lower of cost or estimated market value on an aggregate basis. Market value is determined based on the price secondary markets are currently offering for similar loans using observable market data which is not materially different than cost due to the short duration between origination and sale. Loans. The fair value of loans, except for PCI loans that are collateral-dependent, was estimated by computing the discounted value of estimated cash flows, adjusted for probable credit losses, for pools of loans having similar characteristics. The discount rate was based upon the current market rate for a similar loan. The fair value of PCI loans that are collateral-dependent was determined based on the estimated fair value of collateral less estimated costs to sell. Nonperforming loans have an assumed interest rate of 0%. Accrued interest receivable and payable. The carrying amount approximated the fair value of accrued interest, considering the short-term nature of the instrument and its expected collection. Deposit liabilities. The fair value of demand, money market savings and regular savings deposits, which have no stated maturity, were considered equal to their carrying amount, representing the amount payable on demand. The fair value of time deposits was based upon the discounted value of contractual cash flows at current rates for deposits of similar remaining maturity. Short-term borrowings. The carrying amount of fixed rate FHLB advances and ACBB borrowings approximated fair value due to the short-term nature of the instrument. The carrying amount of variable rate FHLB advances and ACBB borrowings approximated the fair value. Off-balance sheet instruments. The Company charges fees for commitments to extend credit. Interest rates on loans, for which these commitments are extended, are normally committed for periods of less than one month. Fees charged on standby letters of credit and other financial guarantees are deemed to be immaterial and these guarantees are expected to be settled at face amount or expire unused. It is impractical to assign any fair value to these commitments .

Regulatory Matters

Regulatory Matters	3 Months Ended
	Mar. 31, 2017
Regulatory Matters
Regulatory Matters	NOTE 16 – REGULATORY MATTERS The Bank is subject to various regulatory capital requirements administered by federal banking agencies. Failure to meet minimum capital requirements can initiate certain mandatory and possibly additional discretionary actions by regulators that, if undertaken, could have a direct material effect on our financial statements. Under capital adequacy guidelines and the regulatory framework for prompt corrective action, the Bank must meet specific capital guidelines that involve quantitative measures of its assets, liabilities and certain off-balance sheet items as calculated under regulatory accounting practices. The capital amounts and classification are also subject to qualitative judgments by the regulators about components, risk weightings and other factors. In July 2013, federal bank regulatory agencies issued final rules to revise their risk-based capital requirements and the method for calculating risk-weighted assets to make them consistent with agreements that were reached by the Basel Committee on Banking Supervision and certain provisions of the Dodd-Frank Act (“Basel III”). On January 1, 2015, the Basel III rules became effective and include transition provisions which implement certain portions of the rules through January 1, 2019. Under the final rules, the effects of certain accumulated other comprehensive items are not excluded; however, banking organizations like the Company and the Bank that are not considered “advanced approaches” banking organizations may make a one-time permanent election to continue to exclude these items. With the submission of the Call Report for the first quarter of 2015, the Company and the Bank made this election in order to avoid significant variations in the level of capital that can be caused by interest rate fluctuations on the fair value of the Bank’s available for sale securities portfolio and by fluctuations in the net periodic pension benefit/obligation attributable to the Bank’s defined benefit pension plan. In addition, the Office of the Comptroller of the Currency (the “OCC”) requires that FSBs, like the Bank, maintain a minimum level of Tier 1 capital to average total assets excluding intangibles. This measure is known as the leverage ratio. The current regulatory minimum for the leverage ratio for institutions to be considered “well capitalized” is 5%, but an individual institution could be required to maintain a higher level. In connection with the merger of Carrollton Bank with and into the Bank, the Bank entered into an Operating Agreement with the OCC (the “Operating Agreement”) pursuant to which the Bank agreed, among other things, to maintain a leverage ratio of 10% for the term of the Operating Agreement. In 2016, the OCC reduced the required leverage ratio for the Bank to at least 8.5%. The Operating Agreement will remain in effect until it is terminated by the OCC or the Bank ceases to be an FSB. The following table summarizes capital ratios and related information in accordance with Basel III as measured at March 31, 2017 and December 31, 2016. For disclosure regarding changes resulting from Basel III see the Item 2 of Part I of this report under the heading, “CAPITAL RESOURCES”. The Bank was classified in the well capitalized category at both March 31, 2017 and December 31, 2016 under the regulatory capital rules in effect at each date. The capital levels of the Bank at March 31, 2017 also exceeded the minimum capital requirements shown in the table below including the currently applicable Conservation Buffer of 1.2500%. Since March 31, 2017, no conditions or events have occurred, of which the Company is aware, that have resulted in a material change in the Bank's regulatory risk category other than as reported in this report. Actual capital amounts and ratios for the Bank are presented on the following tables (dollars in thousands): To Be Well Minimum Capital Capitalized Under Minimum Requirements with Prompt Corrective Actual Capital Requirements Conservation Buffer Action Provisions Amount Ratio Amount Ratio Amount Ratio Amount Ratio At March 31, 2017: Common Equity Tier 1 Capital $ 64,023 % $ 23,479 4.50 % $ 30,000 5.75 % $ 33,913 6.50 % Tier I Risk-Based Capital Ratio $ 64,023 % $ 31,305 6.00 % $ 37,827 7.25 % $ 41,740 8.00 % Total Risk-Based Capital Ratio $ 67,183 % $ 41,740 8.00 % $ 48,261 9.25 % $ 52,175 10.00 % Tier 1 Leverage Ratio $ 64,023 % $ 24,770 4.00 % $ 32,511 5.25 % $ 30,963 5.00 % At December 31, 2016: Common Equity Tier 1 Capital $ 63,057 % $ 23,039 4.50 % $ 26,239 5.125 % $ 33,279 6.50 % Tier I Risk-Based Capital Ratio $ 63,057 % $ 30,719 6.00 % $ 33,919 6.625 % $ 40,959 8.00 % Total Risk-Based Capital Ratio $ 65,883 % $ 40,959 8.00 % $ 44,159 8.625 % $ 51,199 10.00 % Tier 1 Leverage Ratio $ 63,057 % $ 24,133 4.00 % $ 27,904 4.625 % $ 30,166 5.00 % Banking regulations also limit the amount of dividends that may be paid without prior approval by an FSB's regulatory agencies. In addition to these regulations, the Bank agreed in the Operating Agreement that it would not declare or pay any dividends or otherwise reduce its capital unless it is in compliance with the Operating Agreement, including the minimum capital requirements. The Bank received regulatory approval to pay a $23.27 million one-time cash dividend to the Company to be used to purchase all of the outstanding shares of Hopkins common stock in the Hopkins Merger. Due to the Bank’s desire to preserve capital to fund its growth, the Company currently does not anticipate paying dividends beyond the foregoing described need for the foreseeable future. In addition to these regulatory restrictions, it should be noted that the declaration of dividends is at the discretion of the Company’s Board of Directors and will depend, in part, on the Company’s earnings and future capital needs. Accordingly, there can be no assurance that dividends will be declared in any future period. The Bank is required to maintain reserves against certain deposit liabilities which was satisfied with vault cash and balances on deposit with the Federal Reserve Bank of Richmond during the reserve maintenance periods that included March 31, 2017 and December 31, 2016. Under current Federal Reserve regulations, the Bank is limited in the amount it may lend to the parent company and its nonbank subsidiaries. Loans to a single affiliate may not exceed 10%, and loans to all affiliates may not exceed 20% of the Bank’s capital stock, surplus, and undivided profits, plus the allowance for loan and lease losses. Loans from the Bank to nonbank affiliates, including the parent company, are also required to be collateralized according to regulatory guidelines. At March 31, 2017, there were no loans from the Bank to any nonbank affiliate, including the parent company.

Other Comprehensive Income

Other Comprehensive Income	3 Months Ended
	Mar. 31, 2017
Other Comprehensive Income
Other Comprehensive Income	NOTE 17 – OTHER COMPREHENSIVE INCOME Comprehensive income is defined as net income plus transactions and other occurrences that are the result of non-owner changes in equity. For financial statements presented by the Company, non-equity changes are comprised of unrealized gains or losses on available for sale debt securities and any minimum pension liability adjustments. These items do not have an impact on the Company’s net income. The Company reflects the funded status of defined benefit pension plan liabilities on the balance sheet, which at March 31, 2017 was $0.6 million. The following table presents the activity in net accumulated other comprehensive income for the periods indicated. Unrealized Gains on Investments Available Defined Benefit for Sale Pension Plan Total Balance at December 31, 2016 $ (202,262) $ 232,645 $ 30,383 Other comprehensive income: Other comprehensive income (loss) before reclassification adjustments 139,938 139,938 Amounts reclassified from comprehensive loss (3,319) — (3,319) Other comprehensive income (net of tax) 136,619 — 136,619 Balance at March 31, 2017 $ (65,643) $ 232,645 $ 167,002 Unrealized Gains on Investments Available Defined Benefit for Sale Pension Plan Total Balance at December 31, 2015 $ 168,814 $ 404,746 $ 573,560 Other comprehensive loss: Other comprehensive income (loss) before reclassification adjustments 395,070 (338,315) 56,755 Amounts reclassified from comprehensive loss (164,105) — (164,105) Other comprehensive income (loss) (net of tax) 230,965 (338,315) (107,350) Balance at March 31, 2016 $ 399,779 $ 66,431 $ 466,210 Before Tax Amount Tax (Expense) Benefit Net of Tax Amount For the three months ended March 31, 2017 Other comprehensive income: Unrealized gain on AFS debt securities: Net AFS debt securities gain $ 224,406 $ (84,468) $ 139,938 Reclassification adjustments (5,521) 2,202 (3,319) Other comprehensive income $ 218,885 $ (82,266) $ 136,619 Before Tax Amount Tax (Expense) Benefit Net of Tax Amount For the three months ended March 31, 2016 Other comprehensive loss: Unrealized loss on AFS debt securities Net AFS debt securities gain $ 654,256 $ (259,186) $ 395,070 Reclassification adjustments (272,963) 108,858 (164,105) Net loss recognized in other comprehensive loss 381,293 (150,328) 230,965 Defined benefit pension plan adjustments: Net actuarial losses (558,690) 220,375 (338,315) Net loss recognized in other comprehensive loss (558,690) 220,375 (338,315) Other comprehensive loss: $ (177,397) $ 70,047 $ (107,350)

Investment Securities (Tables)

Investment Securities (Tables)	3 Months Ended
	Mar. 31, 2017
Investment Securities
Summary Of Investment Securities	Available for Sale Amortized Gross Unrealized Estimated March 31, 2017 cost Gains Losses Fair Value U.S. government agency $ 6,755,302 $ 78,534 $ (11,399) $ 6,822,437 U.S. treasury securities 8,735,437 15,859 (96,866) 8,654,430 Residential mortgage-backed securities 36,986,884 198,144 (308,377) 36,876,651 State and municipal 2,620,115 8,631 (693) 2,628,053 Corporate bonds 9,359,699 52,841 (10,368) 9,402,172 Total debt securities 64,457,437 354,009 (427,703) 64,383,743 Equity securities 78,752 — (7,406) 71,346 Totals $ 64,536,189 $ 354,009 $ (435,109) $ 64,455,089 Held-to-Maturity Amortized Gross Unrealized Estimated March 31, 2017 cost Gains Losses Fair Value Residential mortgage-backed securities 1,137,200 (12,997) 1,124,203 Total debt securities 1,137,200 — (12,997) 1,124,203 Totals $ 1,137,200 $ — $ (12,997) $ 1,124,203 Available for Sale Amortized Gross Unrealized Estimated December 31, 2016 cost Gains Losses Fair Value U.S. government agency $ 7,748,481 $ 68,493 $ (43,856) $ 7,773,118 U.S. treasury securities 8,728,284 14,812 (119,837) 8,623,259 Residential mortgage-backed securities 30,952,601 197,495 (336,615) 30,813,481 State and municipal 2,638,214 2,421 (3,355) 2,637,280 Corporate bonds 10,372,549 1,647 (45,741) 10,328,455 Total debt securities 60,440,129 284,868 (549,404) 60,175,593 Equity securities 92,585 6,021 (41,472) 57,134 Totals $ 60,532,714 $ 290,889 $ (590,876) $ 60,232,727 Held-to-Maturity Amortized Gross Unrealized Estimated December 31, 2016 cost Gains Losses Fair Value Residential mortgage-backed securities $ 1,158,238 $ — $ (8,896) $ 1,149,342 Total debt securities 1,158,238 — (8,896) 1,149,342 Totals $ 1,158,238 $ — $ (8,896) $ 1,149,342
Securities With Unrealized Losses By Length Of Impairment	The following table provides information about securities with unrealized losses segregated by length of impairment at March 31, 2017: Less than 12 months 12 months or longer Total Available for Sale Fair Unrealized Fair Unrealized Fair Unrealized March 31, 2017 Value Losses Value Losses Value Losses U.S. government agency $ 2,163,175 $ (11,399) $ — $ — $ 2,163,175 $ (11,399) U.S. treasury securities 5,673,990 (96,866) — — 5,673,990 (96,866) Residential mortgage-backed securities 19,304,425 (282,882) 534,728 (25,495) 19,839,153 (308,377) State and municipals 325,101 (693) — — 325,101 (693) Corporate bonds 5,997,495 (10,368) — — 5,997,495 (10,368) Total debt securities 33,464,186 (402,208) 534,728 (25,495) 33,998,914 (427,703) Equity securities — — 78,752 (7,406) 78,752 (7,406) Totals $ 33,464,186 $ (402,208) $ 613,480 $ (32,901) $ 34,077,666 $ (435,109) Less than 12 months 12 months or longer Total Held-to-Maturity Fair Unrealized Fair Unrealized Fair Unrealized March 31, 2017 Value Losses Value Losses Value Losses Residential mortgage-backed securities 1,124,203 (12,997) — — 1,124,203 (12,997) Total debt securities $ 1,124,203 $ (12,997) $ — $ — $ 1,124,203 $ (12,997) The following table provides information about securities with unrealized losses segregated by length of impairment at December 31, 2016: Less than 12 months 12 months or longer Total Available for Sale Fair Unrealized Fair Unrealized Fair Unrealized December 31, 2016 Value Losses Value Losses Value Losses U.S. government agency $ 3,983,930 $ (43,856) $ — $ — $ 3,983,930 $ (43,856) U.S. treasury securities 5,645,640 (119,837) — — 5,645,640 (119,837) Residential mortgage-backed securities 17,368,416 (315,284) 563,545 (21,331) 17,931,961 (336,615) State and municipals 1,042,964 (3,355) — — 1,042,964 (3,355) Corporate bonds 7,973,405 (45,741) — — 7,973,405 (45,741) Total debt securities 36,014,355 (528,073) 563,545 (21,331) 36,577,900 (549,404) Equity securities — — 25,180 (41,472) 25,180 (41,472) Totals $ 36,014,355 $ (528,073) $ 588,725 $ (62,803) $ 36,603,080 $ (590,876) Less than 12 months 12 months or longer Total Held-to-Maturity Fair Unrealized Fair Unrealized Fair Unrealized December 31, 2016 Value Losses Value Losses Value Losses Residential mortgage-backed securities 1,149,342 (8,896) — — 1,149,342 (8,896) Total debt securities $ 1,149,342 $ (8,896) $ — $ — $ 1,149,342 $ (8,896)
Contractual Maturities Of Debt Securities	2017 2016 Amortized Fair Amortized Fair Cost Value Cost Value Available for sale Within one year $ 6,891,127 $ 6,884,662 $ 6,122,743 $ 6,100,576 Over one to five years 9,775,678 9,906,735 12,570,847 12,642,656 Over five to ten years 7,770,662 7,674,410 7,765,282 7,627,060 Over ten years 3,033,086 3,041,285 3,028,656 2,991,820 Residential mortgage-backed securities 36,986,884 36,876,651 30,952,601 30,813,481 Totals $ 64,457,437 $ 64,383,743 $ 60,440,129 $ 60,175,593 2017 2016 Amortized Fair Amortized Fair Cost Value Cost Value Held to maturity Over ten years 1,137,200 1,124,203 1,158,238 1,149,342 Totals $ 1,137,200 $ 1,124,203 $ 1,158,238 $ 1,149,342

Loans And Allowance For Loan 26

Loans And Allowance For Loan Losses (Tables)	3 Months Ended
	Mar. 31, 2017
Loans And Allowance For Loan Losses
Major Classifications Of Loans	March 31, December 31, 2017 2016 Commercial & Industrial $ 67,227,602 $ 67,234,642 Commercial Real Estate 218,356,839 205,495,337 Residential Real Estate 148,931,551 153,368,115 Home Equity Line of Credit 32,244,947 33,256,012 Land 5,811,654 5,870,999 Construction 20,751,649 19,804,912 Consumer & Other 1,912,012 2,073,696 Total Loans 495,236,254 487,103,713 Less: Allowance for Loan Losses (3,159,769) (2,823,153) Net Loans $ 492,076,485 $ 484,280,560
Activity In The Allowance for Credit Losses By Portfolio Segment	Three Months: Commercial Commercial Residential Home Equity Consumer & Industrial Real Estate Real Estate Line of Credit Land Construction & Other Total Allowance for loan losses: Beginning balance $ 369,857 $ 1,082,855 $ 1,043,778 $ 184,296 $ 19,159 $ 111,503 $ 11,705 $ 2,823,153 Charge-offs — — (128,435) — — — — (128,435) Recoveries 113 — 24,317 — — — 100 24,530 Provision 44,075 211,004 148,403 15,382 2,198 19,198 261 440,521 Ending balance $ 414,045 $ 1,293,859 $ 1,088,063 $ 199,678 $ 21,357 $ 130,701 $ 12,066 $ 3,159,769 Three Months: Commercial Commercial Residential Home Equity Consumer & Industrial Real Estate Real Estate Line of Credit Land Construction & Other Total Allowance for loan losses: Beginning balance $ 210,798 $ 727,869 $ 593,084 $ 157,043 $ 15,713 $ 62,967 $ 5,535 $ 1,773,009 Charge-offs — — (385,069) (5,203) — — (455) (390,727) Recoveries — — 51,338 — — — — 51,338 Provision 159,059 354,986 784,425 32,456 3,446 48,536 6,625 1,389,533 Ending balance $ 369,857 $ 1,082,855 $ 1,043,778 $ 184,296 $ 19,159 $ 111,503 $ 11,705 $ 2,823,153
Loans And The Related Allowance For Credit Losses	Commercial Commercial Residential Home Equity Consumer & Industrial Real Estate Real Estate Line of Credit Land Construction & Other Total Allowance for loan losses: Ending balance: individually evaluated for impairment $ — $ — $ 258,606 $ — $ — $ — $ — $ 258,606 Ending balance: collectively evaluated for impairment 414,045 1,293,859 829,457 199,678 21,357 130,701 12,066 2,901,163 Totals $ 414,045 $ 1,293,859 $ 1,088,063 $ 199,678 $ 21,357 $ 130,701 $ 12,066 $ 3,159,769 Loans: Ending balance: individually evaluated for impairment $ 604,079 $ 272,002 $ 6,135,448 $ 54,256 $ — $ — $ 5,798 $ 7,071,583 Ending balance: collectively evaluated for impairment 65,411,113 204,404,671 131,038,188 31,545,340 3,373,947 20,648,309 1,906,214 458,327,782 Ending balance: loans acquired with deteriorated credit quality 1,212,410 13,680,166 11,757,915 645,351 2,437,707 103,340 — 29,836,889 Totals $ 67,227,602 $ 218,356,839 $ 148,931,551 $ 32,244,947 $ 5,811,654 $ 20,751,649 $ 1,912,012 $ 495,236,254 Commercial Commercial Residential Home Equity Consumer & Industrial Real Estate Real Estate Line of Credit Land Construction & Other Total Allowance for loan losses: Ending balance: individually evaluated for impairment $ — $ — $ 270,526 $ — $ — $ — $ — $ 270,526 Ending balance: collectively evaluated for impairment 369,857 1,082,855 773,252 184,296 19,159 111,503 11,705 2,552,627 Totals $ 369,857 $ 1,082,855 $ 1,043,778 $ 184,296 $ 19,159 $ 111,503 $ 11,705 $ 2,823,153 Loans: Ending balance: individually evaluated for impairment $ 641,774 $ 277,515 $ 4,521,110 $ 55,552 $ — $ — $ 5,798 $ 5,501,749 Ending balance: collectively evaluated for impairment 65,341,316 191,303,933 136,607,497 32,558,838 3,384,741 19,698,823 2,067,898 450,963,046 Ending balance: loans acquired with deteriorated credit quality (1) 1,251,552 13,913,888 12,239,508 641,623 2,486,258 106,089 — 30,638,918 Totals $ 67,234,642 $ 205,495,336 $ 153,368,115 $ 33,256,013 $ 5,870,999 $ 19,804,912 $ 2,073,696 $ 487,103,713
Impaired Loans	The following table presents information with respect to impaired loans, which includes loans acquired with deteriorated credit quality that have current period charge-offs, at March 31, 2017 and for the three-month period ended March 31, 2017: For the three months ended At March 31, 2017 March 31, 2017 Unpaid Average Interest Recorded Principal Related Recorded Income Investment Balance Allowance Investment Recognized With no related allowance recorded: Commercial & Industrial $ 604,079 $ 692,798 $ — $ 671,604 $ 15,541 Commercial Real Estate - Investor 272,002 272,002 — 274,758 — Residential Real Estate - Investor 802,875 894,490 — 903,308 11,249 Residential Real Estate - Owner Occupied 4,672,015 4,861,451 — 4,809,767 48,065 Home Equity Line of Credit 54,256 84,174 — 69,863 — Consumer & Other 5,798 189,204 — 97,501 — With an allowance recorded: Residential Real Estate - Investor 783,194 789,517 258,606 798,140 16,227 Total 7,194,219 7,783,636 258,606 7,624,941 91,082 Total impaired loans: Commercial & Industrial $ 604,079 $ 692,798 $ — $ 671,604 $ 15,541 Commercial Real Estate 272,002 272,002 — 274,758 — Residential Real Estate 6,258,084 6,545,458 258,606 6,511,215 75,541 Home Equity Line of Credit 54,256 84,174 — 69,863 — Consumer & Other 5,798 189,204 — 97,501 — Total $ 7,194,219 $ 7,783,636 $ 258,606 $ 7,624,941 $ 91,082 The following table presents information with respect to impaired loans, which includes loans acquired with deteriorated credit quality that have current period charge-offs, at December 31, 2016 and for the year ended December 31, 2016: For the year ended At December 31, 2016 December 31, 2016 Unpaid Average Average Recorded Principal Related Recorded Income Investment Balance Allowance Investment Recognized With no related allowance recorded: Commercial & Industrial $ 641,774 $ 739,128 $ — $ 804,938 $ 79,886 Commercial Real Estate - Investor 277,515 277,515 — 294,053 — Residential Real Estate - Investor 785,500 890,719 — 994,674 11,748 Residential Real Estate - Owner Occupied 3,008,832 3,196,027 — 3,225,912 103,916 Home Equity Line of Credit 55,552 85,470 — 73,026 (68) Construction — — — Consumer & Other 5,798 189,204 — 97,501 — With an allowance recorded: Residential Real Estate - Investor 790,537 813,087 268,537 832,508 5,920 Residential Real Estate - Owner Occupied 159,028 159,028 1,989 160,102 — Total 5,724,536 6,350,178 270,526 6,482,714 201,402 Total impaired loans: Commercial & Industrial $ 641,774 $ 739,128 $ — $ 804,938 $ 79,886 Commercial Real Estate 277,515 277,515 — 294,053 — Residential Real Estate 4,743,897 5,058,861 270,526 5,213,196 121,584 Home Equity Line of Credit 55,552 85,470 — 73,026 (68) Construction — — — — — Consumer & Other 5,798 189,204 — 97,501 — Total $ 5,724,536 $ 6,350,178 $ 270,526 $ 6,482,714 $ 201,402
Credit Quality Indicators By Class Of The Loan Portfolio	The following table provides information with respect to the Company's credit quality indicators by class of the loan portfolio at March 31, 2017: Risk Rating Pass Special Mention Substandard Doubtful Total Commercial & Industrial $ 62,582,177 $ 2,110,177 $ 2,535,248 $ — $ 67,227,602 Commercial Real Estate - Investor 145,310,233 708,717 3,076,276 — 149,095,226 Commercial Real Estate - Owner Occupied 66,932,175 1,135,538 1,193,900 — 69,261,613 Residential Real Estate - Investor 35,425,347 234,712 7,273,890 — 42,933,949 Residential Real Estate - Owner Occupied 98,727,064 — 7,270,538 — 105,997,602 Home Equity Line of Credit 31,959,699 — 286,539 (1,291) 32,244,947 Land 3,493,256 — 2,318,398 — 5,811,654 Construction 20,648,309 — 103,340 — 20,751,649 Consumer & Other 1,906,214 — 5,798 — 1,912,012 Total $ 466,984,474 $ 4,189,144 $ 24,063,927 $ (1,291) $ 495,236,254 The following table provides information with respect to the Company's credit quality indicators by class of the loan portfolio at December 31, 2016: Risk Rating Pass Special Mention Substandard Doubtful Total Commercial & Industrial $ 63,961,379 $ 688,595 $ 2,584,668 $ — $ 67,234,642 Commercial Real Estate - Investor 134,601,346 2,958,695 967,122 — 138,527,163 Commercial Real Estate - Owner Occupied 64,761,020 1,126,705 1,080,449 — 66,968,174 Residential Real Estate - Investor 36,905,288 240,700 7,641,052 — 44,787,040 Residential Real Estate - Owner Occupied 102,367,880 — 6,213,195 — 108,581,075 Home Equity Line of Credit 32,969,668 — 286,344 — 33,256,012 Land 3,513,607 — 2,357,392 — 5,870,999 Construction 19,698,823 — 106,089 — 19,804,912 Consumer & Other 2,067,898 — 5,798 — 2,073,696 Total $ 460,846,909 $ 5,014,695 $ 21,242,109 $ — $ 487,103,713
Classes Of The Loan Portfolio Summarized By Aging Categories Of Performing Loans And Nonaccrual Loans	The following table presents the classes of the loan portfolio summarized by the aging categories of performing loans and nonaccrual loans at March 31, 2017. PCI loans are excluded from this aging and nonaccrual loans schedule. Accrual Loans 30-59 60-89 90 or More Days Days Days Total Nonaccrual Total Past Due Past Due Past Due Past Due Current Loans Loans Commercial & Industrial $ 94,296 $ — $ — $ 94,296 $ 65,568,393 $ 352,502 $ 66,015,191 Commercial Real Estate - Investor — — — — 140,488,857 272,002 140,760,859 Commercial Real Estate - Owner Occupied 113,255 — — 113,255 63,802,559 — 63,915,814 Residential Real Estate - Investor 63,176 — — 63,176 33,147,766 1,416,969 34,627,911 Residential Real Estate - Owner Occupied 1,684,676 28,748 — 1,713,424 96,309,486 4,522,815 102,545,725 Home Equity Line of Credit 312,766 — — 312,766 31,232,574 54,256 31,599,596 Land — — — — 3,373,948 — 3,373,948 Construction — — — — 20,648,309 — 20,648,309 Consumer & Other 15,898 150 — 16,048 1,890,166 5,798 1,912,012 Total $ 2,284,067 $ 28,898 $ — $ 2,312,965 $ 456,462,058 $ 6,624,342 $ 465,399,365 Purchased credit impaired loans 29,836,889 Total Loans $ 495,236,254 The following table presents the classes of the loan portfolio summarized by the aging categories of performing loans and nonaccrual loans at December 31, 2016. PCI loans are excluded from this aging and nonaccrual loans schedule. Accrual Loans 30-59 60-89 90 or More Days Days Days Total Nonaccrual Total Past Due Past Due Past Due Past Due Current Loans Loans Commercial & Industrial $ 17,737 $ — $ — $ 17,737 $ 65,582,550 $ 382,802 $ 65,983,089 Commercial Real Estate - Investor — — — — 129,751,253 277,515 130,028,768 Commercial Real Estate - Owner Occupied 139,670 149,119 — 288,789 61,263,891 — 61,552,680 Residential Real Estate - Investor 702,856 — — 702,856 34,114,611 1,260,961 36,078,428 Residential Real Estate - Owner Occupied 2,933,983 373,168 — 3,307,151 98,724,320 3,018,710 105,050,181 Home Equity Line of Credit 136,387 — — 136,387 32,422,450 55,552 32,614,389 Land — — — — 3,384,741 — 3,384,741 Construction 173,105 — — 173,105 19,525,718 — 19,698,823 Consumer & Other — — — — 2,067,898 5,798 2,073,696 Total $ 4,103,738 $ 522,287 $ — $ 4,626,025 $ 446,837,432 $ 5,001,338 $ 456,464,795 Purchased credit impaired loans 30,638,918 Total Loans $ 487,103,713
Troubled Debt Restructurings	The following table presents a breakdown of loans that the Company modified during the three-month periods ended March 31, 2017 and 2016: Three Months Ended March 31, 2017 Three Months Ended March 31, 2016 Pre-Modification Post-Modification Pre-Modification Post-Modification Outstanding Outstanding Outstanding Outstanding Number of Recorded Recorded Number of Recorded Recorded Contracts Investment Investment Contracts Investment Investment Troubled Debt Restructurings: Commercial & Industrial — $ — $ — — $ — $ — Commercial Real Estate – Investor — — — — — — Commercial Real Estate – Owner Occupied — — — — — — Residential Real Estate - Investor — — — 1 38,785 38,785 Residential Real Estate - Owner Occupied — — — — — — Home Equity Line of Credit — — — — — — Totals — $ — $ — 1 $ 38,785 $ 38,785

Accounting For Certain Loans 27

Accounting For Certain Loans Acquired In A Transfer (Tables)	3 Months Ended
	Mar. 31, 2017
Accounting For Certain Loans Acquired In A Transfer
Carrying Amount Of Certain Loans Acquired In A Transfer	March 31, 2017 December 31, 2016 Commercial & Industrial $ 1,212,410 $ 1,251,552 Commercial Real Estate 13,680,166 13,913,888 Residential Real Estate 11,757,915 12,239,507 Home Equity Line of Credit 645,351 641,623 Land 2,437,707 2,486,259 Construction 103,340 106,089 Total Loans $ 29,836,889 $ 30,638,918
Activity In Accretable Discount Of Certain Loans Acquired In A Transfer	Three Months Ended March 31, 2017 2016 Balance at beginning of period $ 1,315,318 $ 275,730 Reclassification from nonaccretable difference 183,922 125,307 Accretion into interest income (236,523) (209,529) Disposals (31,294) — Balance at end of period $ 1,231,423 $ 191,508
Activity In The Allowance For Loan Losses For Certain Loans Acquired In A Transfer	Three Months Ended March 31, 2017 2016 Balance at beginning of period $ 77,175 $ — Charge-offs (3,156) (33,182) Recoveries 21,424 — (Recapture) provision for loan losses (22,381) 67,674 Balance at end of period $ 73,062 $ 34,492

Real Estate Acquired Through 28

Real Estate Acquired Through Foreclosure (Tables)	3 Months Ended
	Mar. 31, 2017
Real Estate Acquired Through Foreclosure
Activity In Real Estate Acquired Through Foreclosure	Three Months Ended March 31, 2017 2016 Balance at beginning of period $ 1,224,939 $ 1,459,732 New transfers from loans 59,359 85,500 Sales (656,895) — Write-downs (62,725) (43,336) Balance at end of period $ 564,678 $ 1,501,896

Core Deposit Intangible Assets

Core Deposit Intangible Assets (Tables)	3 Months Ended
	Mar. 31, 2017
Core Deposit Intangible Assets
Changes In Net Book Value Of Core Deposit Intangible Assets	Three Months Ended March 31, 2017 2016 Balance at beginning of period $ 3,030,309 $ 2,624,184 Amortization expense (235,465) (192,808) Balance, at end of period $ 2,794,844 $ 2,431,376
Gross Carrying Amount, Accumulated Amortization And Net Carrying Amount Of Core Deposit Intangible Assets	March 31, 2017 December 31, 2016 Gross carrying amount $ 6,775,211 $ 6,775,211 Accumulated amortization (3,980,367) (3,744,902) Net carrying amount $ 2,794,844 $ 3,030,309
Future Amortization Expense For The Company's Core-Deposit Intangible Assets	Nine months ending December 31: Amount 2017 $ 553,717 Twelve months ending December 31: 2018 616,111 2019 540,682 2020 488,027 2021 380,430 Subsequent years 215,877 Total $ 2,794,844

Deposits (Tables)

Deposits (Tables)	3 Months Ended
	Mar. 31, 2017
Deposits.
Composition Of Deposits	March 31, 2017 December 31, 2016 Noninterest-bearing deposits $ 112,411,694 $ 111,378,694 Interest-bearing deposits: Checking 64,813,604 58,482,158 Savings 120,026,790 120,376,229 Money market 115,607,033 109,550,925 Total interest-bearing checking, savings and money market deposits 300,447,427 288,409,312 Time deposits $250,000 and below 104,269,554 114,871,256 Time deposits above $250,000 8,673,807 11,799,132 Total time deposits 112,943,361 126,670,388 Total interest-bearing deposits 413,390,788 415,079,700 Total Deposits $ 525,802,482 $ 526,458,394
Maturity Distribution Of Time Deposits	Amount Maturing within one year $ 61,250,919 Maturing over one to two years 19,623,386 Maturing over two to three years 19,494,435 Maturing over three to four years 5,617,738 Maturing over four to five years 6,754,596 Maturing over five years 202,287 Total Time Deposits $ 112,943,361
Interest Expense On Deposits	Three Months Ended March 31, 2017 2016 Interest-bearing checking $ 14,220 $ 13,866 Savings 105,634 10,515 Money market 85,466 63,166 Total interest-bearing checking, savings and money market deposits 205,320 87,547 Time deposits $250,000 and below 226,458 197,769 Time deposits above $250,000 24,072 23,861 Total time deposits 250,530 221,630 Total Interest Expense $ 455,850 $ 309,177

Short-Term Borrowings (Tables)

Short-Term Borrowings (Tables)	3 Months Ended
	Mar. 31, 2017
Short-Term Borrowings.
Borrowings	March 31, 2017 December 31, 2016 Federal Home Loan Bank Advances Due December, 2017, Daily Rate 0.80% $ — $ 20,000,000 Due December, 2017, Daily Rate 1.07% 14,000,000 — Due April, 2017, Fixed Rate 0.89% 20,000,000 — Total $ 34,000,000 $ 20,000,000

Stock-Based Compensation (Table

Stock-Based Compensation (Tables)	3 Months Ended
	Mar. 31, 2017
Stock-Based Compensation [Abstract]
Changes In the Company's Stock Options Outstanding	Weighted Average Weighted Average Stock Options Exercise Remaining Outstanding Price Contractual Life (years) Outstanding, December 31, 2016 387,630 $ 5.32 6.1 Granted 10,000 7.00 9.8 Exercised (87,764) 3.53 Forfeited or expired (35,669) 4.88 Outstanding, March 31, 2017 274,197 $ 5.07 6.7 Exercisable, March 31, 2017 175,197 $ 4.91 5.6

Defined Benefit Pension Plan (T

Defined Benefit Pension Plan (Tables)	3 Months Ended
	Mar. 31, 2017
Defined Benefit Pension Plan
Components Of Net Periodic Benefit Cost And Other Amounts Recognized In Other Comprehensive Income	Three Months Ended March 31, Net Periodic Pension Benefit 2017 2016 Service cost $ 18,167 $ 18,225 Interest cost 68,010 112,891 Expected return on plan assets (105,146) (160,937) Amortization of net gain (68) — Net periodic pension benefit $ (19,037) $ (29,821)

Income Taxes (Tables)

Income Taxes (Tables)	3 Months Ended
	Mar. 31, 2017
Income Taxes
Reconciliation Of Federal Income Tax Rate To Effective Tax Rate	Three months ended March 31, 2017 2016 Income tax expense at federal statutory rate 34.0 % 34.0 % Increase (decrease) resulting from: Tax exempt income (2.2) % (2.5) % State income taxes, net of federal income tax benefit 5.4 % 5.7 % Incentive stock options 0.7 % 0.5 % Other nondeductible (income) expenses 0.1 % 1.1 % Effective income tax rate 38.0 % 38.8 %

Net Income Per Common Share (Ta

Net Income Per Common Share (Tables)	3 Months Ended
	Mar. 31, 2017
Net Income Per Common Share
Calculation Of Net Income Per Common Share	Three months ended March 31, 2017 2016 Basic earnings per share: Net income available to common shareholders $ 956,808 $ 186,399 Weighted average shares outstanding 10,500,292 11,005,240 Basic net income per share $ 0.09 $ 0.02 Diluted earnings per share: Net income available to common shareholders $ 956,808 $ 186,399 Weighted average shares outstanding 10,500,292 11,005,240 Dilutive potential shares 150,264 94,755 Total diluted average shares outstanding 10,650,556 11,099,995 Total diluted net income per share $ 0.09 $ 0.02

Commitments And Contingent Li36

Commitments And Contingent Liabilities (Tables)	3 Months Ended
	Mar. 31, 2017
Commitments And Contingent Liabilities
Outstanding Loan Commitments, Unused Lines Of Credit And Letters Of Credit	March 31, 2017 December 31, 2016 Loan commitments $ 10,337,191 $ Unused lines of credit 106,352,098 Standby letters of credit 6,948,276 Mortgage loan repurchase obligations 6,058,774 7,177,755

Fair Value (Tables)

Fair Value (Tables)	3 Months Ended
	Mar. 31, 2017
Fair Value
Assets Recorded At Fair Value On A Recurring Basis	Significant Other Significant Other Carrying Value Quoted Prices Observable Inputs Unobservable March 31, 2017 (Fair Value) (Level 1) (Level 2) Inputs (Level 3) U.S. government agency $ 6,822,437 $ — $ 6,822,437 $ — U.S. treasury securities 8,654,430 — 8,654,430 — Residential mortgage-backed securities 36,876,651 — 36,876,651 — State and municipal 2,628,053 — 2,628,053 — Corporate obligations 9,402,172 — 9,402,172 — Equity securities 71,346 71,346 — — $ 64,455,089 $ 71,346 $ 64,383,743 $ — Significant Other Significant Other Carrying Value Quoted Prices Observable Inputs Unobservable December 31, 2016 (Fair Value) (Level 1) (Level 2) Inputs (Level 3) U.S. government agency $ 7,773,118 $ — $ 7,773,118 $ — U.S. treasury securities 8,623,259 — 8,623,259 — Residential mortgage-backed securities 30,813,481 — 30,813,481 — State and municipal 2,637,280 — 2,637,280 — Corporate obligations 10,328,455 — 10,328,455 — Equity securities 57,134 57,134 — — $ 60,232,727 $ 57,134 $ 60,175,593 $ —
Assets Recorded At Fair Value On A Nonrecurring Basis	Significant Other Significant Other Carrying Value Quoted Prices Observable Inputs Unobservable March 31, 2017 (Fair Value) (Level 1) (Level 2) Inputs (Level 3) Impaired loans $ 735,890 $ — $ — $ 735,890 Real estate acquired through foreclosure 49,500 — — 49,500 $ 785,390 $ — $ — $ 785,390 Significant Other Significant Other Carrying Value Quoted Prices Observable Inputs Unobservable December 31, 2016 (Fair Value) (Level 1) (Level 2) Inputs (Level 3) Impaired loans $ 819,877 $ — $ — $ 819,877 Real estate acquired through foreclosure 1,224,939 — — 1,224,939 $ 2,044,816 $ — $ — $ 2,044,816
Quantitative Information About Level 3 Fair Value Measurements	Quantitative Information about Level 3 Fair Value Measurements March 31, 2017 Fair Value Valuation Technique Unobservable Input Range Impaired loans $ 735,890 Appraisal of collateral (1) Appraisal adjustments (2) 0% - 10% Real estate acquired through foreclosure $ 49,500 Appraisal of collateral (1) Appraisal adjustments (2) 0% - 10% Estimated selling cost (2) 0% - 10% Quantitative Information about Level 3 Fair Value Measurements December 31, 2016 Fair Value Valuation Technique Unobservable Input Range Impaired loans $ 819,877 $ Appraisal of collateral (1) Appraisal adjustments (2) 0% - 10% Real estate acquired through foreclosure $ 1,224,939 Appraisal of collateral (1) Appraisal adjustments (2) 0% - 10% Estimated selling cost (2) 0% - 10% (1) Fair value is generally determined through independent appraisals of the underlying collateral, which generally include various level 3 inputs which are not observable. (2) Appraisals may be adjusted by management for qualitative factors such as estimated selling cost. The range and weighted average of estimated selling cost and other appraisal adjustments are presented as a percent of the appraisal.
Estimated Fair Values Of Financial Instruments	Level in Fair March 31, 2017 December 31, 2016 Value Carrying Estimated fair Carrying Estimated fair Hierarchy Amount value Amount value Financial assets: Cash and cash equivalents Level 1 $ 42,804,335 $ 42,804,335 $ 40,027,456 $ 40,027,456 Investment securities available for sale (debt) Level 2 64,383,743 64,383,743 60,175,593 60,175,593 Investment securities available for sale (equity) Level 1 71,346 71,346 57,134 57,134 Investment securities held to maturity (debt) Level 2 1,137,200 1,124,203 1,158,238 1,149,342 Restricted equity securities Level 2 2,322,295 2,322,295 1,823,195 1,823,195 Loans held for sale Level 2 848,975 848,975 1,613,497 1,613,497 Loans, net of allowance Level 3 492,076,485 493,899,067 484,280,560 487,325,072 Accrued interest receivable Level 2 1,921,253 1,921,253 1,884,945 1,884,945 Financial liabilities: Deposits Level 3 525,802,482 525,658,261 526,458,394 526,119,460 Accrued interest payable Level 2 34,557 34,557 16,406 16,406 Borrowings Level 2 34,000,000 34,000,000 20,000,000 20,000,000

Regulatory Matters (Tables)

Regulatory Matters (Tables)	3 Months Ended
	Mar. 31, 2017
Regulatory Matters
Capital Amounts And Ratios	To Be Well Minimum Capital Capitalized Under Minimum Requirements with Prompt Corrective Actual Capital Requirements Conservation Buffer Action Provisions Amount Ratio Amount Ratio Amount Ratio Amount Ratio At March 31, 2017: Common Equity Tier 1 Capital $ 64,023 % $ 23,479 4.50 % $ 30,000 5.75 % $ 33,913 6.50 % Tier I Risk-Based Capital Ratio $ 64,023 % $ 31,305 6.00 % $ 37,827 7.25 % $ 41,740 8.00 % Total Risk-Based Capital Ratio $ 67,183 % $ 41,740 8.00 % $ 48,261 9.25 % $ 52,175 10.00 % Tier 1 Leverage Ratio $ 64,023 % $ 24,770 4.00 % $ 32,511 5.25 % $ 30,963 5.00 % At December 31, 2016: Common Equity Tier 1 Capital $ 63,057 % $ 23,039 4.50 % $ 26,239 5.125 % $ 33,279 6.50 % Tier I Risk-Based Capital Ratio $ 63,057 % $ 30,719 6.00 % $ 33,919 6.625 % $ 40,959 8.00 % Total Risk-Based Capital Ratio $ 65,883 % $ 40,959 8.00 % $ 44,159 8.625 % $ 51,199 10.00 % Tier 1 Leverage Ratio $ 63,057 % $ 24,133 4.00 % $ 27,904 4.625 % $ 30,166 5.00 %

Other Comprehensive Income (Tab

Other Comprehensive Income (Tables)	3 Months Ended
	Mar. 31, 2017
Other Comprehensive Income
Activity In Net Accumulated Other Comprehensive Income (Loss)	Unrealized Gains on Investments Available Defined Benefit for Sale Pension Plan Total Balance at December 31, 2016 $ (202,262) $ 232,645 $ 30,383 Other comprehensive income: Other comprehensive income (loss) before reclassification adjustments 139,938 139,938 Amounts reclassified from comprehensive loss (3,319) — (3,319) Other comprehensive income (net of tax) 136,619 — 136,619 Balance at March 31, 2017 $ (65,643) $ 232,645 $ 167,002 Unrealized Gains on Investments Available Defined Benefit for Sale Pension Plan Total Balance at December 31, 2015 $ 168,814 $ 404,746 $ 573,560 Other comprehensive loss: Other comprehensive income (loss) before reclassification adjustments 395,070 (338,315) 56,755 Amounts reclassified from comprehensive loss (164,105) — (164,105) Other comprehensive income (loss) (net of tax) 230,965 (338,315) (107,350) Balance at March 31, 2016 $ 399,779 $ 66,431 $ 466,210 Before Tax Amount Tax (Expense) Benefit Net of Tax Amount For the three months ended March 31, 2017 Other comprehensive income: Unrealized gain on AFS debt securities: Net AFS debt securities gain $ 224,406 $ (84,468) $ 139,938 Reclassification adjustments (5,521) 2,202 (3,319) Other comprehensive income $ 218,885 $ (82,266) $ 136,619 Before Tax Amount Tax (Expense) Benefit Net of Tax Amount For the three months ended March 31, 2016 Other comprehensive loss: Unrealized loss on AFS debt securities Net AFS debt securities gain $ 654,256 $ (259,186) $ 395,070 Reclassification adjustments (272,963) 108,858 (164,105) Net loss recognized in other comprehensive loss 381,293 (150,328) 230,965 Defined benefit pension plan adjustments: Net actuarial losses (558,690) 220,375 (338,315) Net loss recognized in other comprehensive loss (558,690) 220,375 (338,315) Other comprehensive loss: $ (177,397) $ 70,047 $ (107,350)

Organizational (Details)

Organizational (Details)	Mar. 31, 2017item
Organizational
Number of full-service branches	11

Basis Of Presentation (Details)

Basis Of Presentation (Details) - USD ($)	3 Months Ended
	Mar. 31, 2017	Dec. 31, 2016
Discontinued operations	$ 0
iReverse Home Loan, Inc.
Subsidiary ownership interest		51.00%
Consideration received for sale of interest in subsidiary	$ 70,000

Investment Securities (Amortize

Investment Securities (Amortized Cost And Estimated Fair Value) (Details) - USD ($)	Mar. 31, 2017	Dec. 31, 2016
Schedule Of Available For Sale And Held To Maturity Securities [Line Items]
Trading securities	$ 0
Available For Sale - Amortized Cost	64,536,189	$ 60,532,714
Available For Sale - Unrealized Gains	354,009	290,889
Available For Sale - Unrealized losses	(435,109)	(590,876)
Available For Sale - Estimated Fair Value	64,455,089	60,232,727
Held-to-Maturity - Amortized Cost	1,137,200	1,158,238
Held-to-Maturity - Gross Unrealized Losses	(12,997)	(8,896)
Held-to-Maturity - Estimated Fair Value	1,124,203	1,149,342
U.S. Government Agency [Member]
Schedule Of Available For Sale And Held To Maturity Securities [Line Items]
Available For Sale - Amortized Cost	6,755,302	7,748,481
Available For Sale - Unrealized Gains	78,534	68,493
Available For Sale - Unrealized losses	(11,399)	(43,856)
Available For Sale - Estimated Fair Value	6,822,437	7,773,118
U. S. Treasury Securities [Member]
Schedule Of Available For Sale And Held To Maturity Securities [Line Items]
Available For Sale - Amortized Cost	8,735,437	8,728,284
Available For Sale - Unrealized Gains	15,859	14,812
Available For Sale - Unrealized losses	(96,866)	(119,837)
Available For Sale - Estimated Fair Value	8,654,430	8,623,259
Residential Mortgage-Backed Securities [Member]
Schedule Of Available For Sale And Held To Maturity Securities [Line Items]
Available For Sale - Amortized Cost	36,986,884	30,952,601
Available For Sale - Unrealized Gains	198,144	197,495
Available For Sale - Unrealized losses	(308,377)	(336,615)
Available For Sale - Estimated Fair Value	36,876,651	30,813,481
Held-to-Maturity - Amortized Cost	1,137,200	1,158,238
Held-to-Maturity - Gross Unrealized Losses	(12,997)	(8,896)
Held-to-Maturity - Estimated Fair Value	1,124,203	1,149,342
State And Municipal [Member]
Schedule Of Available For Sale And Held To Maturity Securities [Line Items]
Available For Sale - Amortized Cost	2,620,115	2,638,214
Available For Sale - Unrealized Gains	8,631	2,421
Available For Sale - Unrealized losses	(693)	(3,355)
Available For Sale - Estimated Fair Value	2,628,053	2,637,280
Corporate Bonds [Member]
Schedule Of Available For Sale And Held To Maturity Securities [Line Items]
Available For Sale - Amortized Cost	9,359,699	10,372,549
Available For Sale - Unrealized Gains	52,841	1,647
Available For Sale - Unrealized losses	(10,368)	(45,741)
Available For Sale - Estimated Fair Value	9,402,172	10,328,455
Debt Securities [Member]
Schedule Of Available For Sale And Held To Maturity Securities [Line Items]
Available For Sale - Amortized Cost	64,457,437	60,440,129
Available For Sale - Unrealized Gains	354,009	284,868
Available For Sale - Unrealized losses	(427,703)	(549,404)
Available For Sale - Estimated Fair Value	64,383,743	60,175,593
Held-to-Maturity - Amortized Cost	1,137,200	1,158,238
Held-to-Maturity - Gross Unrealized Losses	(12,997)	(8,896)
Held-to-Maturity - Estimated Fair Value	1,124,203	1,149,342
Equity Securities [Member]
Schedule Of Available For Sale And Held To Maturity Securities [Line Items]
Available For Sale - Amortized Cost	78,752	92,585
Available For Sale - Unrealized Gains		6,021
Available For Sale - Unrealized losses	(7,406)	(41,472)
Available For Sale - Estimated Fair Value	$ 71,346	$ 57,134

Investment Securities (Securiti

Investment Securities (Securities With Unrealized Losses By Length Of Impairment) (Details)	3 Months Ended	12 Months Ended
	Mar. 31, 2017USD ($)security	Dec. 31, 2016USD ($)security
Schedule of Available-for-sale Securities [Line Items]
Fair Value - Less than 12 months	$ 33,464,186	$ 36,014,355
Unrealized Losses - Less than 12 months	(402,208)	(528,073)
Fair Value - 12 months or longer	613,480	588,725
Unrealized Losses - 12 months or longer	(32,901)	(62,803)
Fair Value - Total	34,077,666	36,603,080
Unrealized Losses - Total	(435,109)	(590,876)
Held-to-Maturity, Fair Value - Less than 12 months	1,124,203	1,149,342
Held-to-Maturity, Unrealized Losses - Less than 12 months	(12,997)	(8,896)
Held-to-maturity Securities, Fair Value - Total	1,124,203	1,149,342
Held-to-maturity Securities, Unrealized Loss - Total	$ (12,997)	$ (8,896)
Debt securities as a percentage of stockholders' equity, threshold	10.00%	10.00%
Number of securities subject to write-down due to credit related other-than-temporary impairment | security	0	0
U.S. Government Agency [Member]
Schedule of Available-for-sale Securities [Line Items]
Fair Value - Less than 12 months	$ 2,163,175	$ 3,983,930
Unrealized Losses - Less than 12 months	(11,399)	(43,856)
Fair Value - Total	2,163,175	3,983,930
Unrealized Losses - Total	(11,399)	(43,856)
U. S. Treasury Securities [Member]
Schedule of Available-for-sale Securities [Line Items]
Fair Value - Less than 12 months	5,673,990	5,645,640
Unrealized Losses - Less than 12 months	(96,866)	(119,837)
Fair Value - Total	5,673,990	5,645,640
Unrealized Losses - Total	(96,866)	(119,837)
Residential Mortgage-Backed Securities [Member]
Schedule of Available-for-sale Securities [Line Items]
Fair Value - Less than 12 months	19,304,425	17,368,416
Unrealized Losses - Less than 12 months	(282,882)	(315,284)
Fair Value - 12 months or longer	534,728	563,545
Unrealized Losses - 12 months or longer	(25,495)	(21,331)
Fair Value - Total	19,839,153	17,931,961
Unrealized Losses - Total	(308,377)	(336,615)
Held-to-Maturity, Fair Value - Less than 12 months	1,124,203	1,149,342
Held-to-Maturity, Unrealized Losses - Less than 12 months	(12,997)	(8,896)
Held-to-maturity Securities, Fair Value - Total	1,124,203	1,149,342
Held-to-maturity Securities, Unrealized Loss - Total	(12,997)	(8,896)
State And Municipal [Member]
Schedule of Available-for-sale Securities [Line Items]
Fair Value - Less than 12 months	325,101	1,042,964
Unrealized Losses - Less than 12 months	(693)	(3,355)
Fair Value - Total	325,101	1,042,964
Unrealized Losses - Total	(693)	(3,355)
Corporate Bonds [Member]
Schedule of Available-for-sale Securities [Line Items]
Fair Value - Less than 12 months	5,997,495	7,973,405
Unrealized Losses - Less than 12 months	(10,368)	(45,741)
Fair Value - Total	5,997,495	7,973,405
Unrealized Losses - Total	(10,368)	(45,741)
Debt Securities [Member]
Schedule of Available-for-sale Securities [Line Items]
Fair Value - Less than 12 months	33,464,186	36,014,355
Unrealized Losses - Less than 12 months	(402,208)	(528,073)
Fair Value - 12 months or longer	534,728	563,545
Unrealized Losses - 12 months or longer	(25,495)	(21,331)
Fair Value - Total	33,998,914	36,577,900
Unrealized Losses - Total	$ (427,703)	$ (549,404)
Number of securities with unrealized losses | security	71	73
Equity Securities [Member]
Schedule of Available-for-sale Securities [Line Items]
Fair Value - 12 months or longer	$ 78,752	$ 25,180
Unrealized Losses - 12 months or longer	(7,406)	(41,472)
Fair Value - Total	78,752	25,180
Unrealized Losses - Total	$ (7,406)	$ (41,472)
Number of securities with unrealized losses | security	1	1

Investment Securities (Contract

Investment Securities (Contractual Maturities Of Debt Securities) (Details)	3 Months Ended
	Mar. 31, 2017USD ($)security	Mar. 31, 2016security	Dec. 31, 2016USD ($)
Investment Securities
Available for sale, Amortized Cost - Within one year	$ 6,891,127		$ 6,122,743
Available for sale, Amortized Cost - Over one to five years	9,775,678		12,570,847
Available for sale, Amortized Cost - Over five to ten years	7,770,662		7,765,282
Available for sale, Amortized Cost - Over ten years	3,033,086		3,028,656
Available for sale, Amortized Cost, Mortgage-backed securities	36,986,884		30,952,601
Available For Sale - Amortized cost	64,457,437		60,440,129
Available for sale, Fair Value - Within one year	6,884,662		6,100,576
Available for sale, Fair Value - Over one to five years	9,906,735		12,642,656
Available for sale, Fair Value - Over five to ten years	7,674,410		7,627,060
Available for sale, Fair Value - Over ten years	3,041,285		2,991,820
Available for sale, Fair Value - Mortgage-backed securities	36,876,651		30,813,481
Available For Sale - Fair value	64,383,743		60,175,593
Held to Maturity, Over ten years, Amortized Cost	1,137,200		1,158,238
Held To Maturity - Amortized cost	1,137,200		1,158,238
Held to maturity, Fair Value - Over ten years	1,124,203		1,149,342
Held To Maturity - Fair value	$ 1,124,203		1,149,342
Number of sales and other redemptions of investment securities | security	3	2
Amortized cost of securities pledged	$ 10,402,445		10,479,133
Fair value of securities pledged	$ 10,529,760		$ 10,604,335

Loans And Allowance For Loan 45

Loans And Allowance For Loan Losses (Major Classifications Of Loans) (Details) - USD ($)	Mar. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Loans	$ 495,236,254	$ 487,103,713
Less: Allowance for Credit Losses	(3,159,769)	(2,823,153)	$ (1,773,009)
Loans, net	492,076,485	484,280,560
Remaining unamortized discount	3,543,105	3,793,033
Receivable not considered to have deteriorated credit quality at acquisition	174,553,606	187,483,532
Commercial And Industrial [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Loans	67,227,602	67,234,642
Less: Allowance for Credit Losses	(414,045)	(369,857)	(210,798)
Commercial Real Estate [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Loans	218,356,839	205,495,337
Less: Allowance for Credit Losses	(1,293,859)	(1,082,855)	(727,869)
Commercial Real Estate - Investor [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Loans	149,095,225	138,527,163
Commercial Real Estate - Owner Occupied [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Loans	69,261,614	66,968,174
Residential Real Estate [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Loans	148,931,551	153,368,115
Less: Allowance for Credit Losses	(1,088,063)	(1,043,778)	(593,084)
Residential Real Estate - Investor [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Loans	42,933,949	44,787,039
Residential Real Estate - Owner Occupied [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Loans	105,997,602	108,581,076
Home Equity Line Of Credit [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Loans	32,244,947	33,256,012
Less: Allowance for Credit Losses	(199,678)	(184,296)	(157,043)
Land [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Loans	5,811,654	5,870,999
Less: Allowance for Credit Losses	(21,357)	(19,159)	(15,713)
Construction [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Loans	20,751,649	19,804,912
Less: Allowance for Credit Losses	(130,701)	(111,503)	(62,967)
Consumer And Other [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Loans	1,912,012	2,073,696
Less: Allowance for Credit Losses	$ (12,066)	$ (11,705)	$ (5,535)

Loans And Allowance For Loan 46

Loans And Allowance For Loan Losses (Activity In The Allowance for Credit Losses By Portfolio Segment) (Details) - USD ($)	3 Months Ended		12 Months Ended
	Mar. 31, 2017	Mar. 31, 2016	Dec. 31, 2016
Financing Receivable, Allowance for Credit Losses [Line Items]
Allowance for loan losses, Beginning Balance	$ 2,823,153	$ 1,773,009	$ 1,773,009
Charge-offs	(128,435)		(390,727)
Recoveries	24,530	51,338
Provision	440,521		1,389,533
Allowance for loan losses, Ending Balance	3,159,769		2,823,153
Commercial And Industrial [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Allowance for loan losses, Beginning Balance	369,857	210,798	210,798
Recoveries	113
Provision	44,075		159,059
Allowance for loan losses, Ending Balance	414,045		369,857
Commercial Real Estate [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Allowance for loan losses, Beginning Balance	1,082,855	727,869	727,869
Provision	211,004		354,986
Allowance for loan losses, Ending Balance	1,293,859		1,082,855
Residential Real Estate [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Allowance for loan losses, Beginning Balance	1,043,778	593,084	593,084
Charge-offs	(128,435)		(385,069)
Recoveries	24,317	51,338
Provision	148,403		784,425
Allowance for loan losses, Ending Balance	1,088,063		1,043,778
Home Equity Line Of Credit [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Allowance for loan losses, Beginning Balance	184,296	157,043	157,043
Charge-offs			(5,203)
Provision	15,382		32,456
Allowance for loan losses, Ending Balance	199,678		184,296
Land [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Allowance for loan losses, Beginning Balance	19,159	15,713	15,713
Provision	2,198		3,446
Allowance for loan losses, Ending Balance	21,357		19,159
Construction [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Allowance for loan losses, Beginning Balance	111,503	62,967	62,967
Provision	19,198		48,536
Allowance for loan losses, Ending Balance	130,701		111,503
Consumer And Other [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Allowance for loan losses, Beginning Balance	11,705	$ 5,535	5,535
Charge-offs			(455)
Recoveries	100
Provision	261		6,625
Allowance for loan losses, Ending Balance	$ 12,066		$ 11,705

Loans And Allowance For Loan 47

Loans And Allowance For Loan Losses (Loans And The Related Allowance For Credit Losses) (Details) - USD ($)	Mar. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Financing Receivable, Recorded Investment [Line Items]
Allowance for credit losses: Ending balance: individually evaluated for impairment	$ 258,606	$ 270,526
Allowance for credit losses: Ending balance: collectively evaluated for impairment	2,901,163	2,552,627
Allowance for credit losses: Total	3,159,769	2,823,153	$ 1,773,009
Loans: Ending balance: individually evaluated for impairment	7,071,583	5,501,749
Loans: Ending balance: collectively evaluated for impairment	458,327,782	450,963,046
Loans: Ending balance: loans acquired with deteriorated credit quality	29,836,889	30,638,918
Total Loans	495,236,254	487,103,713
Loans acquired with deteriorated credit quality	495,236,254	487,103,713
Loans acquired with deteriorated credit quality that have current period charge-offs	143,590	104,460
Commercial And Industrial [Member]
Financing Receivable, Recorded Investment [Line Items]
Allowance for credit losses: Ending balance: collectively evaluated for impairment	414,045	369,857
Allowance for credit losses: Total	414,045	369,857	210,798
Loans: Ending balance: individually evaluated for impairment	604,079	641,774
Loans: Ending balance: collectively evaluated for impairment	65,411,113	65,341,316
Loans: Ending balance: loans acquired with deteriorated credit quality	1,212,410	1,251,552
Total Loans	67,227,602	67,234,642
Loans acquired with deteriorated credit quality	67,227,602	67,234,642
Commercial Real Estate [Member]
Financing Receivable, Recorded Investment [Line Items]
Allowance for credit losses: Ending balance: collectively evaluated for impairment	1,293,859	1,082,855
Allowance for credit losses: Total	1,293,859	1,082,855	727,869
Loans: Ending balance: individually evaluated for impairment	272,002	277,515
Loans: Ending balance: collectively evaluated for impairment	204,404,671	191,303,933
Loans: Ending balance: loans acquired with deteriorated credit quality	13,680,166	13,913,888
Total Loans	218,356,839	205,495,336
Residential Real Estate [Member]
Financing Receivable, Recorded Investment [Line Items]
Allowance for credit losses: Ending balance: individually evaluated for impairment	258,606	270,526
Allowance for credit losses: Ending balance: collectively evaluated for impairment	829,457	773,252
Allowance for credit losses: Total	1,088,063	1,043,778	593,084
Loans: Ending balance: individually evaluated for impairment	6,135,448	4,521,110
Loans: Ending balance: collectively evaluated for impairment	131,038,188	136,607,497
Loans: Ending balance: loans acquired with deteriorated credit quality	11,757,915	12,239,508
Total Loans	148,931,551	153,368,115
Home Equity Line Of Credit [Member]
Financing Receivable, Recorded Investment [Line Items]
Allowance for credit losses: Ending balance: collectively evaluated for impairment	199,678	184,296
Allowance for credit losses: Total	199,678	184,296	157,043
Loans: Ending balance: individually evaluated for impairment	54,256	55,552
Loans: Ending balance: collectively evaluated for impairment	31,545,340	32,558,838
Loans: Ending balance: loans acquired with deteriorated credit quality	645,351	641,623
Total Loans	32,244,947	33,256,013
Loans acquired with deteriorated credit quality	32,244,947	33,256,012
Land [Member]
Financing Receivable, Recorded Investment [Line Items]
Allowance for credit losses: Ending balance: collectively evaluated for impairment	21,357	19,159
Allowance for credit losses: Total	21,357	19,159	15,713
Loans: Ending balance: collectively evaluated for impairment	3,373,947	3,384,741
Loans: Ending balance: loans acquired with deteriorated credit quality	2,437,707	2,486,258
Total Loans	5,811,654	5,870,999
Loans acquired with deteriorated credit quality	5,811,654	5,870,999
Construction [Member]
Financing Receivable, Recorded Investment [Line Items]
Allowance for credit losses: Ending balance: collectively evaluated for impairment	130,701	111,503
Allowance for credit losses: Total	130,701	111,503	62,967
Loans: Ending balance: collectively evaluated for impairment	20,648,309	19,698,823
Loans: Ending balance: loans acquired with deteriorated credit quality	103,340	106,089
Total Loans	20,751,649	19,804,912
Loans acquired with deteriorated credit quality	20,751,649	19,804,912
Consumer And Other [Member]
Financing Receivable, Recorded Investment [Line Items]
Allowance for credit losses: Ending balance: collectively evaluated for impairment	12,066	11,705
Allowance for credit losses: Total	12,066	11,705	$ 5,535
Loans: Ending balance: individually evaluated for impairment	5,798	5,798
Loans: Ending balance: collectively evaluated for impairment	1,906,214	2,067,898
Total Loans	1,912,012	2,073,696
Loans acquired with deteriorated credit quality	$ 1,912,012	$ 2,073,696

Loans And Allowance For Loan 48

Loans And Allowance For Loan Losses (Impaired Loans) (Details) - USD ($)	3 Months Ended	12 Months Ended
	Mar. 31, 2017	Dec. 31, 2016
Financing Receivable, Impaired [Line Items]
Recorded Investment, With an allowance recorded	$ 7,194,219	$ 5,724,536
Unpaid Principal Balance, With an allowance recorded	7,783,636	6,350,178
Related Allowance	258,606	270,526
Average Recorded Investment, With an allowance recorded	7,624,941	6,482,714
Interest Income Recognized, With an allowance recorded	91,082	201,402
Recorded Investment	7,194,219	5,724,536
Unpaid Principal Balance	7,783,636	6,350,178
Average Recorded Investment	7,624,941	6,482,714
Interest Income Recognized	91,082	201,402
Commercial And Industrial [Member]
Financing Receivable, Impaired [Line Items]
Recorded Investment, With no related allowance recorded	604,079	641,774
Unpaid Principal Balance, With no related allowance recorded	692,798	739,128
Average Recorded Investment, With no related allowance recorded	671,604	804,938
Interest Income Recognized, With no related allowance recorded	15,541	79,886
Recorded Investment	604,079	641,774
Unpaid Principal Balance	692,798	739,128
Average Recorded Investment	671,604	804,938
Interest Income Recognized	15,541	79,886
Commercial Real Estate [Member]
Financing Receivable, Impaired [Line Items]
Recorded Investment	272,002	277,515
Unpaid Principal Balance	272,002	277,515
Average Recorded Investment	274,758	294,053
Commercial Real Estate - Investor [Member]
Financing Receivable, Impaired [Line Items]
Recorded Investment, With no related allowance recorded	272,002	277,515
Unpaid Principal Balance, With no related allowance recorded	272,002	277,515
Average Recorded Investment, With no related allowance recorded	274,758	294,053
Residential Real Estate [Member]
Financing Receivable, Impaired [Line Items]
Related Allowance	258,606	270,526
Recorded Investment	6,258,084	4,743,897
Unpaid Principal Balance	6,545,458	5,058,861
Average Recorded Investment	6,511,215	5,213,196
Interest Income Recognized	75,541	121,584
Residential Real Estate - Investor [Member]
Financing Receivable, Impaired [Line Items]
Recorded Investment, With no related allowance recorded	802,875	785,500
Unpaid Principal Balance, With no related allowance recorded	894,490	890,719
Average Recorded Investment, With no related allowance recorded	903,308	994,674
Interest Income Recognized, With no related allowance recorded	11,249	11,748
Recorded Investment, With an allowance recorded	783,194	790,537
Unpaid Principal Balance, With an allowance recorded	789,517	813,087
Related Allowance	258,606	268,537
Average Recorded Investment, With an allowance recorded	798,140	832,508
Interest Income Recognized, With an allowance recorded	16,227	5,920
Residential Real Estate - Owner Occupied [Member]
Financing Receivable, Impaired [Line Items]
Recorded Investment, With no related allowance recorded	4,672,015	3,008,832
Unpaid Principal Balance, With no related allowance recorded	4,861,451	3,196,027
Average Recorded Investment, With no related allowance recorded	4,809,767	3,225,912
Interest Income Recognized, With no related allowance recorded	48,065	103,916
Recorded Investment, With an allowance recorded		159,028
Unpaid Principal Balance, With an allowance recorded		159,028
Related Allowance		1,989
Average Recorded Investment, With an allowance recorded		160,102
Home Equity Line Of Credit [Member]
Financing Receivable, Impaired [Line Items]
Recorded Investment, With no related allowance recorded	54,256	55,552
Unpaid Principal Balance, With no related allowance recorded	84,174	85,470
Average Recorded Investment, With no related allowance recorded	69,863	73,026
Interest Expense Recognized, With no related allowance recorded		(68)
Average Recorded Investment	69,863	73,026
Interest Expense Recognized		(68)
Consumer And Other [Member]
Financing Receivable, Impaired [Line Items]
Recorded Investment, With no related allowance recorded	5,798	5,798
Unpaid Principal Balance, With no related allowance recorded	189,204	189,204
Average Recorded Investment, With no related allowance recorded	97,501	97,501
Recorded Investment	5,798	5,798
Unpaid Principal Balance	189,204	189,204
Average Recorded Investment	$ 97,501	$ 97,501

Loans And Allowance For Loan 49

Loans And Allowance For Loan Losses (Credit Quality Indicators By Class Of The Loan Portfolio) (Details) - USD ($)	Mar. 31, 2017	Dec. 31, 2016
Financing Receivable, Recorded Investment [Line Items]
Risk Rating (excluding loans classified as Doubtful)	$ 495,236,254	$ 487,103,713
Pass [Member]
Financing Receivable, Recorded Investment [Line Items]
Risk Rating (excluding loans classified as Doubtful)	466,984,474	460,846,909
Special Mention [Member]
Financing Receivable, Recorded Investment [Line Items]
Risk Rating (excluding loans classified as Doubtful)	4,189,144	5,014,695
Substandard [Member]
Financing Receivable, Recorded Investment [Line Items]
Risk Rating (excluding loans classified as Doubtful)	24,063,927	21,242,109
Doubtful [Member]
Financing Receivable, Recorded Investment [Line Items]
Risk rating (classified as Doubtful)	(1,291)
Commercial And Industrial [Member]
Financing Receivable, Recorded Investment [Line Items]
Risk Rating (excluding loans classified as Doubtful)	67,227,602	67,234,642
Commercial And Industrial [Member] | Pass [Member]
Financing Receivable, Recorded Investment [Line Items]
Risk Rating (excluding loans classified as Doubtful)	62,582,177	63,961,379
Commercial And Industrial [Member] | Special Mention [Member]
Financing Receivable, Recorded Investment [Line Items]
Risk Rating (excluding loans classified as Doubtful)	2,110,177	688,595
Commercial And Industrial [Member] | Substandard [Member]
Financing Receivable, Recorded Investment [Line Items]
Risk Rating (excluding loans classified as Doubtful)	2,535,248	2,584,668
Commercial Real Estate - Investor [Member]
Financing Receivable, Recorded Investment [Line Items]
Risk Rating (excluding loans classified as Doubtful)	149,095,226	138,527,163
Commercial Real Estate - Investor [Member] | Pass [Member]
Financing Receivable, Recorded Investment [Line Items]
Risk Rating (excluding loans classified as Doubtful)	145,310,233	134,601,346
Commercial Real Estate - Investor [Member] | Special Mention [Member]
Financing Receivable, Recorded Investment [Line Items]
Risk Rating (excluding loans classified as Doubtful)	708,717	2,958,695
Commercial Real Estate - Investor [Member] | Substandard [Member]
Financing Receivable, Recorded Investment [Line Items]
Risk Rating (excluding loans classified as Doubtful)	3,076,276	967,122
Commercial Real Estate - Owner Occupied [Member]
Financing Receivable, Recorded Investment [Line Items]
Risk Rating (excluding loans classified as Doubtful)	69,261,613	66,968,174
Commercial Real Estate - Owner Occupied [Member] | Pass [Member]
Financing Receivable, Recorded Investment [Line Items]
Risk Rating (excluding loans classified as Doubtful)	66,932,175	64,761,020
Commercial Real Estate - Owner Occupied [Member] | Special Mention [Member]
Financing Receivable, Recorded Investment [Line Items]
Risk Rating (excluding loans classified as Doubtful)	1,135,538	1,126,705
Commercial Real Estate - Owner Occupied [Member] | Substandard [Member]
Financing Receivable, Recorded Investment [Line Items]
Risk Rating (excluding loans classified as Doubtful)	1,193,900	1,080,449
Residential Real Estate - Investor [Member]
Financing Receivable, Recorded Investment [Line Items]
Risk Rating (excluding loans classified as Doubtful)	42,933,949	44,787,040
Residential Real Estate - Investor [Member] | Pass [Member]
Financing Receivable, Recorded Investment [Line Items]
Risk Rating (excluding loans classified as Doubtful)	35,425,347	36,905,288
Residential Real Estate - Investor [Member] | Special Mention [Member]
Financing Receivable, Recorded Investment [Line Items]
Risk Rating (excluding loans classified as Doubtful)	234,712	240,700
Residential Real Estate - Investor [Member] | Substandard [Member]
Financing Receivable, Recorded Investment [Line Items]
Risk Rating (excluding loans classified as Doubtful)	7,273,890	7,641,052
Residential Real Estate - Owner Occupied [Member]
Financing Receivable, Recorded Investment [Line Items]
Risk Rating (excluding loans classified as Doubtful)	105,997,602	108,581,075
Residential Real Estate - Owner Occupied [Member] | Pass [Member]
Financing Receivable, Recorded Investment [Line Items]
Risk Rating (excluding loans classified as Doubtful)	98,727,064	102,367,880
Residential Real Estate - Owner Occupied [Member] | Substandard [Member]
Financing Receivable, Recorded Investment [Line Items]
Risk Rating (excluding loans classified as Doubtful)	7,270,538	6,213,195
Home Equity Line Of Credit [Member]
Financing Receivable, Recorded Investment [Line Items]
Risk Rating (excluding loans classified as Doubtful)	32,244,947	33,256,012
Home Equity Line Of Credit [Member] | Pass [Member]
Financing Receivable, Recorded Investment [Line Items]
Risk Rating (excluding loans classified as Doubtful)	31,959,699	32,969,668
Home Equity Line Of Credit [Member] | Substandard [Member]
Financing Receivable, Recorded Investment [Line Items]
Risk Rating (excluding loans classified as Doubtful)	286,539	286,344
Home Equity Line Of Credit [Member] | Doubtful [Member]
Financing Receivable, Recorded Investment [Line Items]
Risk rating (classified as Doubtful)	(1,291)
Land [Member]
Financing Receivable, Recorded Investment [Line Items]
Risk Rating (excluding loans classified as Doubtful)	5,811,654	5,870,999
Land [Member] | Pass [Member]
Financing Receivable, Recorded Investment [Line Items]
Risk Rating (excluding loans classified as Doubtful)	3,493,256	3,513,607
Land [Member] | Substandard [Member]
Financing Receivable, Recorded Investment [Line Items]
Risk Rating (excluding loans classified as Doubtful)	2,318,398	2,357,392
Construction [Member]
Financing Receivable, Recorded Investment [Line Items]
Risk Rating (excluding loans classified as Doubtful)	20,751,649	19,804,912
Construction [Member] | Pass [Member]
Financing Receivable, Recorded Investment [Line Items]
Risk Rating (excluding loans classified as Doubtful)	20,648,309	19,698,823
Construction [Member] | Substandard [Member]
Financing Receivable, Recorded Investment [Line Items]
Risk Rating (excluding loans classified as Doubtful)	103,340	106,089
Consumer And Other [Member]
Financing Receivable, Recorded Investment [Line Items]
Risk Rating (excluding loans classified as Doubtful)	1,912,012	2,073,696
Consumer And Other [Member] | Pass [Member]
Financing Receivable, Recorded Investment [Line Items]
Risk Rating (excluding loans classified as Doubtful)	1,906,214	2,067,898
Consumer And Other [Member] | Substandard [Member]
Financing Receivable, Recorded Investment [Line Items]
Risk Rating (excluding loans classified as Doubtful)	$ 5,798	$ 5,798

Loans And Allowance For Loan 50

Loans And Allowance For Loan Losses (Classes Of The Loan Portfolio Summarized By Aging Categories Of Performing Loans And Nonaccrual Loans) (Details) - USD ($)	Mar. 31, 2017	Dec. 31, 2016
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due Loans	$ 2,312,965	$ 4,626,025
Current	456,462,058	446,837,432
Nonaccrual Loans	6,624,342	5,001,338
Total	465,399,365	456,464,795
Purchased credit impaired loans	29,836,889	30,638,918
Total Loans	495,236,254	487,103,713
30-59 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due Loans	2,284,067	4,103,738
60-89 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due Loans	28,898	522,287
Commercial And Industrial [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due Loans	94,296	17,737
Current	65,568,393	65,582,550
Nonaccrual Loans	352,502	382,802
Total	66,015,191	65,983,089
Purchased credit impaired loans	1,212,410	1,251,552
Total Loans	67,227,602	67,234,642
Commercial And Industrial [Member] | 30-59 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due Loans	94,296	17,737
Commercial Real Estate [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Purchased credit impaired loans	13,680,166	13,913,888
Total Loans	218,356,839	205,495,337
Commercial Real Estate - Investor [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Current	140,488,857	129,751,253
Nonaccrual Loans	272,002	277,515
Total	140,760,859	130,028,768
Total Loans	149,095,225	138,527,163
Commercial Real Estate - Owner Occupied [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due Loans	113,255	288,789
Current	63,802,559	61,263,891
Total	63,915,814	61,552,680
Total Loans	69,261,614	66,968,174
Commercial Real Estate - Owner Occupied [Member] | 30-59 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due Loans	113,255	139,670
Commercial Real Estate - Owner Occupied [Member] | 60-89 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due Loans		149,119
Residential Real Estate [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Purchased credit impaired loans	11,757,915	12,239,507
Total Loans	148,931,551	153,368,115
Residential Real Estate - Investor [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due Loans	63,176	702,856
Current	33,147,766	34,114,611
Nonaccrual Loans	1,416,969	1,260,961
Total	34,627,911	36,078,428
Total Loans	42,933,949	44,787,039
Residential Real Estate - Investor [Member] | 30-59 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due Loans	63,176	702,856
Residential Real Estate - Owner Occupied [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due Loans	1,713,424	3,307,151
Current	96,309,486	98,724,320
Nonaccrual Loans	4,522,815	3,018,710
Total	102,545,725	105,050,181
Total Loans	105,997,602	108,581,076
Residential Real Estate - Owner Occupied [Member] | 30-59 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due Loans	1,684,676	2,933,983
Residential Real Estate - Owner Occupied [Member] | 60-89 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due Loans	28,748	373,168
Home Equity Line Of Credit [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due Loans	312,766	136,387
Current	31,232,574	32,422,450
Nonaccrual Loans	54,256	55,552
Total	31,599,596	32,614,389
Purchased credit impaired loans	645,351	641,623
Total Loans	32,244,947	33,256,012
Home Equity Line Of Credit [Member] | 30-59 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due Loans	312,766	136,387
Land [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Current	3,373,948	3,384,741
Total	3,373,948	3,384,741
Purchased credit impaired loans	2,437,707	2,486,259
Total Loans	5,811,654	5,870,999
Construction [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due Loans		173,105
Current	20,648,309	19,525,718
Total	20,648,309	19,698,823
Purchased credit impaired loans	103,340	106,089
Total Loans	20,751,649	19,804,912
Construction [Member] | 30-59 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due Loans		173,105
Consumer And Other [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due Loans	16,048
Current	1,890,166	2,067,898
Nonaccrual Loans	5,798	5,798
Total	1,912,012	2,073,696
Total Loans	1,912,012	$ 2,073,696
Consumer And Other [Member] | 30-59 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due Loans	15,898
Consumer And Other [Member] | 60-89 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due Loans	$ 150

Loans And Allowance For Loan 51

Loans And Allowance For Loan Losses (Troubled Debt Restructurings) (Details)	3 Months Ended
	Mar. 31, 2017USD ($)loan	Mar. 31, 2016USD ($)item	Dec. 31, 2016USD ($)
Financing Receivable, Modifications [Line Items]
Number of Contracts	0	1
Pre-Modification Outstanding Recorded Investment		$ 38,785
Post-Modification Outstanding Recorded Investment		$ 38,785
Number of TDRs that subsequently defaulted during previous 12 months | loan	0
Troubled debt restructurings	$ 1,728,919		$ 1,824,206
TDRs on nonaccrual status	$ 1,281,678		$ 1,323,795
Residential Real Estate - Investor [Member]
Financing Receivable, Modifications [Line Items]
Number of Contracts | item		1
Pre-Modification Outstanding Recorded Investment		$ 38,785
Post-Modification Outstanding Recorded Investment		$ 38,785

Accounting For Certain Loans 52

Accounting For Certain Loans Acquired In A Transfer (Carrying Amount Of Certain Loans Acquired In A Transfer) (Details) - USD ($)	Mar. 31, 2017	Dec. 31, 2016
Certain Loans Acquired in Transfer Not Accounted for as Debt Securities Acquired During Period [Line Items]
Purchased credit impaired loans	$ 29,836,889	$ 30,638,918
Contractual amount outstanding	33,834,687	34,915,206
Commercial And Industrial [Member]
Certain Loans Acquired in Transfer Not Accounted for as Debt Securities Acquired During Period [Line Items]
Purchased credit impaired loans	1,212,410	1,251,552
Commercial Real Estate [Member]
Certain Loans Acquired in Transfer Not Accounted for as Debt Securities Acquired During Period [Line Items]
Purchased credit impaired loans	13,680,166	13,913,888
Residential Real Estate [Member]
Certain Loans Acquired in Transfer Not Accounted for as Debt Securities Acquired During Period [Line Items]
Purchased credit impaired loans	11,757,915	12,239,507
Home Equity Line Of Credit [Member]
Certain Loans Acquired in Transfer Not Accounted for as Debt Securities Acquired During Period [Line Items]
Purchased credit impaired loans	645,351	641,623
Land [Member]
Certain Loans Acquired in Transfer Not Accounted for as Debt Securities Acquired During Period [Line Items]
Purchased credit impaired loans	2,437,707	2,486,259
Construction [Member]
Certain Loans Acquired in Transfer Not Accounted for as Debt Securities Acquired During Period [Line Items]
Purchased credit impaired loans	$ 103,340	$ 106,089

Accounting For Certain Loans 53

Accounting For Certain Loans Acquired In A Transfer (Activity In Accretable Yield Of Certain Loans Acquired In A Transfer) (Details) - USD ($)	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016
Accounting For Certain Loans Acquired In A Transfer
Balance at beginning of period	$ 1,315,318	$ 275,730
Reclassification from nonaccretable difference	183,922	125,307
Accretion into interest income	(236,523)	(209,529)
Disposals	(31,294)
Balance at end of period	$ 1,231,423	$ 191,508

Accounting For Certain Loans 54

Accounting For Certain Loans Acquired In A Transfer (Activity In The Allowance For Loan Losses For Certain Loans Acquired In A Transfer) (Details) - USD ($)	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016
Accounting For Certain Loans Acquired In A Transfer
Balance at beginning of period	$ 77,175
Charge-offs	(3,156)	$ (33,182)
Recoveries	21,424
Provision for loan losses	(22,381)	67,674
Balance at end of period	$ 73,062	$ 34,492

Real Estate Acquired Through 55

Real Estate Acquired Through Foreclosure (Details) - USD ($)	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016
Real Estate Acquired Through Foreclosure
Balance at beginning of period	$ 1,224,939	$ 1,459,732
New transfers from loans	59,359	85,500
Sales	(656,895)
Write-downs	(62,725)	(43,336)
Balance at end of period	$ 564,678	$ 1,501,896

Core Deposit Intangible Asset56

Core Deposit Intangible Assets (Changes In Net Book Value Of Core Deposit Intangible Assets) (Details) - USD ($)	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016
Core Deposit Intangible Assets
Remaining weighted-average amortization period	6 years 4 months 24 days
Balance at beginning of period	$ 3,030,309	$ 2,624,184
Amortization expense	(235,465)	(192,808)
Balance at end of period	$ 2,794,844	$ 2,431,376

Core Deposit Intangible Asset57

Core Deposit Intangible Assets (Gross Carrying Amount, Accumulated Amortization And Net Carrying Amount Of Core Deposit Intangible Assets) (Details) - USD ($)	Mar. 31, 2017	Dec. 31, 2016
Core Deposit Intangible Assets
Gross carrying amount	$ 6,775,211	$ 6,775,211
Accumulated amortization	(3,980,367)	(3,744,902)
Net carrying amount	$ 2,794,844	$ 3,030,309

Core Deposit Intangible Asset58

Core Deposit Intangible Assets (Future Amortization Expense For The Company's Core-Deposit Intangible Assets) (Details) - USD ($)	Mar. 31, 2017	Dec. 31, 2016
Core Deposit Intangible Assets
2,017	$ 553,717
2,018	616,111
2,019	540,682
2,020	488,027
2,021	380,430
Subsequent years	215,877
Net carrying amount	$ 2,794,844	$ 3,030,309

Deposits (Composition Of Deposi

Deposits (Composition Of Deposits) (Details) - USD ($)	Mar. 31, 2017	Dec. 31, 2016
Deposits.
Noninterest-bearing deposits	$ 112,411,694	$ 111,378,694
Checking	64,813,604	58,482,158
Savings	120,026,790	120,376,229
Money market	115,607,033	109,550,925
Total interest-bearing checking, savings and money market deposits	300,447,427	288,409,312
Time deposits $250,000 and below	104,269,554	114,871,256
Time deposits above $250,000	8,673,807	11,799,132
Total time deposits	112,943,361	126,670,388
Total interest-bearing deposits	413,390,788	415,079,700
Total Deposits	$ 525,802,482	$ 526,458,394

Deposits (Interest Expense On D

Deposits (Interest Expense On Deposits) (Details) - USD ($)	3 Months Ended		12 Months Ended
	Mar. 31, 2017	Mar. 31, 2016	Dec. 31, 2016
Deposits.
Interest-bearing checking	$ 14,220		$ 13,866
Savings	105,634		10,515
Money market	85,466		63,166
Total interest-bearing checking, savings and money market deposits	205,320		87,547
Time deposits $250,000 and below	226,458		197,769
Time deposits above $250,000	24,072		23,861
Total time deposits	250,530		221,630
Total Interest Expense	$ 455,850	$ 309,177	$ 309,177

Deposits (Maturity Distribution

Deposits (Maturity Distribution Of Time Deposits) (Details) - USD ($)	Mar. 31, 2017	Dec. 31, 2016
Deposits.
Maturing within one year	$ 61,250,919
Maturing over one to two years	19,623,386
Maturing over two to three years	19,494,435
Maturing over three to four years	5,617,738
Maturing over four to five years	6,754,596
Maturing over five years	202,287
Total time deposits	$ 112,943,361	$ 126,670,388

Deposits (Additional Informatio

Deposits (Additional Information) (Details) - USD ($)	Mar. 31, 2017	Dec. 31, 2016
Time deposit accounts	$ 112,943,361	$ 126,670,388
CDARS Balances [Member]
Brokered deposits	16,500,000	11,100,000
ICS Deposits [Member]
Brokered deposits	$ 16,500,000	$ 11,100,000

Short-Term Borrowings (Federal

Short-Term Borrowings (Federal Home Loan Bank Advances) (Details) - USD ($)	Mar. 31, 2017	Dec. 31, 2016
Short-term Debt [Line Items]
Federal Home Loan Bank Advances	$ 34,000,000	$ 20,000,000
Due December, 2017, Daily Rate 0.80%
Short-term Debt [Line Items]
Federal Home Loan Bank Advances		$ 20,000,000
Interest rate	0.80%
Due December, 2017, Daily Rate 1.07%
Short-term Debt [Line Items]
Federal Home Loan Bank Advances	$ 14,000,000
Interest rate	1.07%
Due April, 2017, Fixed Rate 0.89%
Short-term Debt [Line Items]
Federal Home Loan Bank Advances	$ 20,000,000
Interest rate	0.89%

Short-Term Borrowings (Addition

Short-Term Borrowings (Additional Information) (Details) - USD ($)	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016	Dec. 31, 2016
Short-Term Borrowings.
Interest expense on FHLB and ACBB advances	$ 60,204	$ 63,795
Long-term borrowings	$ 0		$ 0

Stock-Based Compensation (Stock

Stock-Based Compensation (Stock-Based Compensation Plans) (Details)	3 Months Ended
	Mar. 31, 2017shares	Dec. 31, 2016shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock options outstanding	274,197	387,630
Jefferson Bancorp, Inc. 2010 Stock Option Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Aggregate number of shares that may be issued to any participant in a calendar year	577,642
Ratio of common stock shares to be received per share of acquiree	2.2217
Term of options	10 years
Options exercise price as a percentage of fair market value	100.00%
Stock options outstanding	88,308	156,072
2015 Equity Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Aggregate number of shares that may be issued to any participant in a calendar year	100,000
Grants of shares authorized	35,000	40,000
2015 Equity Plan [Member] | Maximum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Aggregate number of shares that may be issued to any participant in a calendar year	20,000
2015 Equity Plan [Member] | Employee Stock Option [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Aggregate number of shares that may be issued to any participant in a calendar year	100,000
2007 Equity Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Aggregate number of shares that may be issued to any participant in a calendar year	500,000
Stock options outstanding	150,889	191,558

Stock-Based Compensation (Chang

Stock-Based Compensation (Changes In Company's Stock Options Outstanding) (Details) - $ / shares	3 Months Ended	12 Months Ended
	Mar. 31, 2017	Dec. 31, 2016
Stock-Based Compensation [Abstract]
Stock Options Outstanding at beginning of period	387,630
Stock Options Granted	10,000
Stock Options Exercised	(87,764)
Stock Options Forfeited or expired	(35,669)
Stock Options Outstanding at end of period	274,197	387,630
Exercisable at end of period	175,197
Weighted Average Exercise Price, Stock Options Outstanding at beginning of period	$ 5.32
Weighted Average Exercise Price, Stock Options Granted	7
Weighted Average Exercise Price, Stock Options Exercised	3.53
Weighted Average Exercise Price, Stock Options Forfeited or expired	4.88
Weighted Average Exercise Price, Stock Options Outstanding at end of period	5.07	$ 5.32
Weighted Average Exercise Price, Exercisable	$ 4.91
Weighted Average Remaining Contractual Life, Outstanding	6 years 8 months 12 days	6 years 1 month 6 days
Weighted Average Remaining Contractual Life, Granted	9 years 9 months 18 days
Weighted Average Remaining Contractual Life, Exercisable	5 years 7 months 6 days

Stock-Based Compensation (Restr

Stock-Based Compensation (Restricted Stock Awards) (Details)	May 25, 2016directorshares	Mar. 31, 2017USD ($)shares	Mar. 31, 2016USD ($)	Dec. 31, 2016shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Period for recognition of stock-option compensation expense		3 years 9 months 18 days
Stock-based compensation expense applicable to the Plans		$ 10,713	$ 15,586
Unrecognized stock-based compensation expense		124,265
Revised Director Compensation Policy [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Fair market value of annual grant of restricted stock		$ 10,000
Vesting period		1 year
Number of directors | director	8
Non-vested restricted shares outstanding | shares		77,138		66,093
Stock-based compensation expense applicable to the Plans		$ 51,850	$ 19,999
Shares of common stock granted | shares	15,968
Unrecognized stock-based compensation expense		$ 269,187
Incentive Stock Award Program [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares of common stock granted | shares		74,795

Defined Benefit Pension Plan (C

Defined Benefit Pension Plan (Components Of Net Periodic Pension Cost) (Details) - USD ($)	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016
Defined Benefit Pension Plan
Service cost	$ 18,167	$ 18,225
Interest cost	68,010	112,891
Expected return on plan assets	(105,146)	(160,937)
Amortization of net loss/(gain)	(68)
Net periodic pension benefit	$ (19,037)	$ (29,821)

Defined Benefit Pension Plan (4

Defined Benefit Pension Plan (401(k) Plan) (Details) - USD ($)	3 Months Ended		12 Months Ended
	Mar. 31, 2017	Mar. 31, 2016	Dec. 31, 2016	Dec. 31, 2015
Defined Benefit Pension Plan
Percentage of Company's 401(k) matching contribution			50.00%	50.00%
Cap on Company's matching contribution			3.00%	2.00%
Expense associated with 401(k)	$ 31,089	$ 55,800

Income Taxes (Reconciliation Of

Income Taxes (Reconciliation Of Federal Income Tax Rate To Effective Tax Rate) (Details)	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016
Income Taxes
Income tax expense at federal statutory rate	34.00%	34.00%
Tax exempt income	(2.20%)	(2.50%)
State income taxes, net of federal income tax benefit	5.40%	5.70%
Incentive stock options	0.70%	0.50%
Other	0.10%	1.10%
Effective income tax rate	38.00%	38.80%

Net Income Per Common Share (De

Net Income Per Common Share (Details) - USD ($)	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016
Net Income Per Common Share
Net income	$ 956,808	$ 186,399
Weighted average shares outstanding	10,500,292	11,005,240
Basic net income per common share	$ 0.09	$ 0.02
Weighted average shares outstanding	10,500,292	11,005,240
Dilutive potential shares	150,264	94,755
Total diluted average shares outstanding	10,650,556	11,099,995
Total diluted net income per share	$ 0.09	$ 0.02

Commitments And Contingent Li72

Commitments And Contingent Liabilities (Details) - USD ($)	Sep. 20, 2016	Mar. 31, 2017	Dec. 31, 2016
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Damages sought excluding interest	$ 1,480,000
Mortgage loan repurchase obligations		$ 6,100,000	$ 7,200,000
Loan Commitments [Member]
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Off-balance sheet commitments and contingent liabilities		10,337,191	7,729,629
Unused Lines Of Credit [Member]
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Off-balance sheet commitments and contingent liabilities		106,352,098	93,883,713
Standby Letters of Credit [Member]
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Off-balance sheet commitments and contingent liabilities		6,948,276	8,424,706
Mortgage Loan Repurchase Obligation [Member]
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Off-balance sheet commitments and contingent liabilities		$ 6,058,774	$ 7,177,755

Fair Value (Assets Recorded At

Fair Value (Assets Recorded At Fair Value On A Recurring Basis) (Details) - USD ($)	Mar. 31, 2017	Dec. 31, 2016
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investment securities available for sale, at fair value	$ 64,455,089	$ 60,232,727
Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investment securities available for sale, at fair value	71,346	57,134
Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investment securities available for sale, at fair value		60,175,593
Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investment securities available for sale, at fair value	64,383,743
U.S. Government Agency [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investment securities available for sale, at fair value	6,822,437	7,773,118
U.S. Government Agency [Member] | Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investment securities available for sale, at fair value		7,773,118
U.S. Government Agency [Member] | Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investment securities available for sale, at fair value	6,822,437
U. S. Treasury Securities [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investment securities available for sale, at fair value	8,654,430	8,623,259
U. S. Treasury Securities [Member] | Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investment securities available for sale, at fair value		8,623,259
U. S. Treasury Securities [Member] | Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investment securities available for sale, at fair value	8,654,430
Residential Mortgage-Backed Securities [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investment securities available for sale, at fair value	36,876,651	30,813,481
Residential Mortgage-Backed Securities [Member] | Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investment securities available for sale, at fair value		30,813,481
Residential Mortgage-Backed Securities [Member] | Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investment securities available for sale, at fair value	36,876,651
State And Municipal [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investment securities available for sale, at fair value	2,628,053	2,637,280
State And Municipal [Member] | Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investment securities available for sale, at fair value		2,637,280
State And Municipal [Member] | Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investment securities available for sale, at fair value	2,628,053
Corporate Obligations [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investment securities available for sale, at fair value	9,402,172	10,328,455
Corporate Obligations [Member] | Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investment securities available for sale, at fair value		10,328,455
Corporate Obligations [Member] | Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investment securities available for sale, at fair value	9,402,172
Equity Securities [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investment securities available for sale, at fair value	71,346	57,134
Equity Securities [Member] | Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investment securities available for sale, at fair value	$ 71,346	$ 57,134

Fair Value (Assets Recorded A74

Fair Value (Assets Recorded At Fair Value On A Nonrecurring Basis) (Details) - USD ($)	3 Months Ended	12 Months Ended
	Mar. 31, 2017	Dec. 31, 2016
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Nonrecurring fair value adjustment	$ 0	$ 0
Impaired loans	735,890	819,877
Real estate acquired through foreclosure	49,500	1,224,939
Total recorded assets measured at fair value on a nonrecurring basis	785,390	2,044,816
Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Impaired loans	735,890	819,877
Real estate acquired through foreclosure	49,500	1,224,939
Total recorded assets measured at fair value on a nonrecurring basis	$ 785,390	$ 2,044,816

Fair Value (Quantitative Inform

Fair Value (Quantitative Information About Level 3 Fair Value Measurements) (Details) - USD ($)	3 Months Ended	12 Months Ended
	Mar. 31, 2017	Dec. 31, 2016
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Assets measured on nonrecurring basis	$ 785,390	$ 2,044,816
Level 3
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Assets measured on nonrecurring basis	785,390	2,044,816
Impaired Loans [Member] | Level 3
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Assets measured on nonrecurring basis	$ 735,890
Impaired Loans [Member] | Fair Value, Measurements, Nonrecurring [Member] | Level 3
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Assets measured on nonrecurring basis		819,877
Impaired Loans [Member] | Cost Approach Valuation Technique [Member] | Fair Value, Measurements, Nonrecurring [Member] | Level 3
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Range	10.00%
Real Estate Acquired Through Foreclosure [Member] | Fair Value, Measurements, Nonrecurring [Member] | Level 3
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Assets measured on nonrecurring basis	$ 49,500	$ 1,224,939
Minimum | Impaired Loans [Member] | Cost Approach Valuation Technique [Member] | Fair Value, Measurements, Nonrecurring [Member] | Level 3
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Range	0.00%	0.00%
Minimum | Real Estate Acquired Through Foreclosure [Member] | Market Approach Valuation Technique [Member] | Fair Value, Measurements, Nonrecurring [Member] | Level 3
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Range	0.00%	0.00%
Minimum | Real Estate Acquired Through Foreclosure [Member] | Cost Approach Valuation Technique [Member] | Fair Value, Measurements, Nonrecurring [Member] | Level 3
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Range	0.00%	0.00%
Maximum | Impaired Loans [Member] | Cost Approach Valuation Technique [Member] | Fair Value, Measurements, Nonrecurring [Member] | Level 3
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Range		10.00%
Maximum | Real Estate Acquired Through Foreclosure [Member] | Market Approach Valuation Technique [Member] | Fair Value, Measurements, Nonrecurring [Member] | Level 3
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Range	10.00%	10.00%
Maximum | Real Estate Acquired Through Foreclosure [Member] | Cost Approach Valuation Technique [Member] | Fair Value, Measurements, Nonrecurring [Member] | Level 3
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Range	10.00%	10.00%

Fair Value (Estimated Fair Valu

Fair Value (Estimated Fair Values Of Financial Instruments) (Details) - USD ($)	3 Months Ended
	Mar. 31, 2017	Dec. 31, 2016
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Investment securities available-for-sale (debt)	$ 64,383,743	$ 60,175,593
Investment securities held-to-maturity (debt)	$ 1,124,203	1,149,342
Assumed interest rate for nonperforming loans	0.00%
Level 1 | Carrying Amount
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Cash and cash equivalents	$ 42,804,335	40,027,456
Investment securities available-for-sale (equity)	71,346	57,134
Level 1 | Estimated Fair Value
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Cash and cash equivalents	42,804,335	40,027,456
Investment securities available-for-sale (equity)	71,346	57,134
Level 2 | Carrying Amount
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Investment securities available-for-sale (debt)	64,383,743	60,175,593
Investment securities held-to-maturity (debt)	1,137,200	1,158,238
Restricted equity securities	2,322,295	1,823,195
Loans held for sale	848,975	1,613,497
Accrued interest receivable	1,921,253	1,884,945
Accrued interest payable	34,557	16,406
Borrowings	34,000,000	20,000,000
Level 2 | Estimated Fair Value
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Investment securities available-for-sale (debt)	64,383,743	60,175,593
Investment securities held-to-maturity (debt)	1,124,203	1,149,342
Restricted equity securities	2,322,295	1,823,195
Loans held for sale	848,975	1,613,497
Accrued interest receivable	1,921,253	1,884,945
Accrued interest payable	34,557	16,406
Borrowings	34,000,000	20,000,000
Level 3 | Carrying Amount
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Loans, net of allowance	492,076,485	484,280,560
Deposits	525,802,482	526,458,394
Level 3 | Estimated Fair Value
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Loans, net of allowance	493,899,067	487,325,072
Deposits	$ 525,658,261	$ 526,119,460

Regulatory Matters (Basel III R

Regulatory Matters (Basel III Rules And Other Information) (Details)	3 Months Ended
	Mar. 31, 2017	Dec. 31, 2016
Compliance with Regulatory Capital Requirements under Banking Regulations [Line Items]
Regulatory minimum of leverage capital to be well capitalized	5.00%	5.00%
Leverage ratio required for term of Operating Agreement	10.00%
Minimum
Compliance with Regulatory Capital Requirements under Banking Regulations [Line Items]
Leverage ratio required for term of Operating Agreement	8.50%
Conservation Buffer [Member] | Phased In Current Fiscal Year [Member]
Compliance with Regulatory Capital Requirements under Banking Regulations [Line Items]
Percentage of Conservation Buffer	1.25%

Regulatory Matters (Capital Amo

Regulatory Matters (Capital Amounts And Ratios) (Details)	3 Months Ended	12 Months Ended
	Mar. 31, 2017USD ($)loan	Dec. 31, 2016USD ($)
Compliance with Regulatory Capital Requirements under Banking Regulations [Line Items]
Common Equity Tier 1 Capital, Actual Amount	$ 64,023,000	$ 63,057,000
Common Equity Tier 1 Capital, Actual Ratio	12.27%	12.32%
Common Equity Tier 1 Capital for Capital Adequacy Purposes, Amount	$ 23,479,000	$ 23,039,000
Common Equity Tier 1 Capital for Capital Adequacy Purposes, Ratio	4.50%	4.50%
Common Equity Tier 1 Capital to Be Well Capitalized Under Prompt Corrective Action Provisions, Amount	$ 33,913,000	$ 33,279,000
Common Equity Tier 1 Capital to Be Well Capitalized Under Prompt Corrective Action Provisions, Ratio	6.50%	6.50%
Tier I Risk-Based Capital, Actual Amount	$ 64,023,000	$ 63,057,000
Tier I Risk-Based Capital, Actual Ratio	12.27%	12.32%
Tier I Risk-Based Capital For Capital Adequacy Purpose, Amount	$ 31,305,000	$ 30,719,000
Tier I Risk-Based Capital For Capital Adequacy Purpose, Ratio	6.00%	6.00%
Tier 1 Risk-Based Capital To Be Well Capitalized Under Prompt Corrective Action Provisions, Amount	$ 41,740,000	$ 40,959,000
Tier 1 Risk-Based Capital To Be Well Capitalized Under Prompt Corrective Action Provisions, To Be Well Capitalized Ratio	8.00%	8.00%
Total Risk-Based Capital, Actual Amount	$ 67,183,000	$ 65,883,000
Total Risk-Based Capital, Actual Ratio	12.88%	12.87%
Total Risk-Based Capital For Capital Adequacy Purposes, Amount	$ 41,740,000	$ 40,959,000
Total Risk-Based Capital For Capital Adequacy Purposes, Ratio	8.00%	8.00%
Total Risk Based Capital To Be Well Capitalized Under Prompt Corrective Action Provisions, Amount	$ 52,175,000	$ 51,199,000
Total Risk Based Capital To Be Well Capitalized Under Prompt Corrective Action Provisions. Ratio	10.00%	10.00%
Leverage Capital, Actual Amount	$ 64,023,000	$ 63,057,000
Leverage Capital, Actual Ratio	10.34%	10.45%
Leverage Capital For Capital Adequacy Purpose, Amount	$ 24,770,000	$ 24,133,000
Leverage Capital For Capital Adequacy Purpose, Ratio	4.00%	4.00%
Leverage Capital To Be Well Capitalized Under Prompt Corrective Action Provisions, Amount	$ 30,963,000	$ 30,166,000
Leverage Capital To Be Well Capitalized Under Prompt Corrective Action Provisions, To Be Well Capitalized Ratio	5.00%	5.00%
One-time dividend paid to Company by Bank to fund Hopkins acquisition		$ 23,270,000
Maximum percentage of loans to a single affiliate under regulations	10.00%
Maximum percentage of loans to affiliates to capital stock	20.00%
Number of loans to any nonbank affiliate | loan	0
Conservation Buffer [Member]
Compliance with Regulatory Capital Requirements under Banking Regulations [Line Items]
Common Equity Tier 1 Capital for Capital Adequacy Purposes, Amount	$ 30,000	$ 26,239
Common Equity Tier 1 Capital for Capital Adequacy Purposes, Ratio	5.75%	5.125%
Tier I Risk-Based Capital For Capital Adequacy Purpose, Amount	$ 37,827	$ 33,919
Tier I Risk-Based Capital For Capital Adequacy Purpose, Ratio	7.25%	6.625%
Total Risk-Based Capital For Capital Adequacy Purposes, Amount	$ 48,261	$ 44,159
Total Risk-Based Capital For Capital Adequacy Purposes, Ratio	9.25%	8.625%
Leverage Capital For Capital Adequacy Purpose, Amount	$ 32,511	$ 27,904
Leverage Capital For Capital Adequacy Purpose, Ratio	5.25%	4.625%

Other Comprehensive Income (Det

Other Comprehensive Income (Details) - USD ($)	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016
Accumulated other comprehensive income
Balance at beginning of period	$ 30,383	$ 573,560
Other comprehensive income (loss) before reclassification adjustments	139,938	56,755
Amounts reclassified from comprehensive loss	(3,319)	(164,105)
Other comprehensive income (loss)	136,619	(107,350)
Balance at end of period	167,002	466,210
Net AFS debt securities gain	224,406	654,256
Reclassification adjustments Before Tax	(5,521)	(272,963)
Other comprehensive income Before Tax	218,885	381,293
Net actuarial losses Before Tax		(558,690)
Unrealized (loss) gain on defined benefit pension plan		(558,690)
Other comprehensive loss Before Tax		(177,397)
Net AFS debt securities income Tax		(259,186)
Reclassification adjustments, Tax		108,858
Unrealized income on AFS debt securities: Net gain recognized in other comprehensive gain, Tax	(82,266)	(150,328)
Net actuarial losses, Tax	(84,468)	220,375
Net loss recognized in other comprehensive loss, Tax	2,202	220,375
Other comprehensive gain (loss), Tax	(82,266)	70,047
Net AFS debt securities income, Net of Tax	139,938	395,070
Reclassification adjustment for securities gains included in income	(3,319)	(164,105)
Net effect on other comprehensive income	136,619	230,965
Net actuarial losses		(338,315)
Net effect on other comprehensive income		(338,315)
Unrealized Gains On Investments Available For Sale [Member]
Accumulated other comprehensive income
Balance at beginning of period	(202,262)	168,814
Other comprehensive income (loss) before reclassification adjustments	139,938	395,070
Amounts reclassified from comprehensive loss	(3,319)	(164,105)
Other comprehensive income (loss)	136,619	230,965
Balance at end of period	(65,643)	399,779
Defined Benefit Pension Plan [Member]
Accumulated other comprehensive income
Balance at beginning of period	232,645	404,746
Other comprehensive income (loss) before reclassification adjustments		(338,315)
Other comprehensive income (loss)		(338,315)
Balance at end of period	$ 232,645	$ 66,431