Severn Bancorp (SVBI) 10-Q 14 Nov 17 2017 Q3 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	9 Months Ended
	Sep. 30, 2017	Nov. 13, 2017
Document and Entity Information [Abstract]
Entity Registrant Name	SEVERN BANCORP INC
Entity Central Index Key	868,271
Current Fiscal Year End Date	--12-31
Entity Well-known Seasoned Issuer	No
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Filer Category	Smaller Reporting Company
Entity Common Stock, Shares Outstanding		12,245,425
Document Fiscal Year Focus	2,017
Document Fiscal Period Focus	Q3
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Sep. 30, 2017

CONSOLIDATED STATEMENTS OF FINA

CONSOLIDATED STATEMENTS OF FINANCIAL CONDITION (Unaudited) - USD ($) $ in Thousands	Sep. 30, 2017	Dec. 31, 2016
ASSETS
Cash and due from banks	$ 1,654	$ 39,396
Federal funds sold and interest-bearing deposits in other banks	39,981	27,718
Cash and cash equivalents	41,635	67,114
Securities available for sale, at fair value	3,129	0
Securities held to maturity (fair value of $58,959 at September 30, 2017 and $62,827 at December 31, 2016)	58,764	62,757
Loans held for sale, at fair value at September 30, 2017	4,871	10,307
Loans receivable	650,964	610,278
Allowance for loan losses	(7,936)	(8,969)
Loans, net	643,028	601,309
Real estate acquired through foreclosure	1,104	973
Restricted stock investments	4,699	5,103
Premises and equipment, net	23,398	24,030
Accrued interest receivable	2,503	2,249
Bank owned life insurance	5,023	0
Deferred income taxes	8,002	10,081
Other assets	5,174	3,562
Total assets	801,330	787,485
Deposits:
Noninterest bearing	71,515	58,145
Interest-bearing	521,977	513,801
Total deposits	593,492	571,946
Short-term borrowings	4,950	0
Long-term borrowings	88,500	103,500
Subordinated debentures	20,619	20,619
Accrued expenses and other liabilities	1,759	3,490
Total liabilities	709,320	699,555
Stockholders' Equity:
Common stock, $0.01 par value, 20,000,000 shares authorized; 12,245,425 and 12,123,179 shares issued and outstanding at September 30, 2017 and December 31, 2016, respectively	122	121
Additional paid-in capital	65,290	63,960
Retained earnings	26,598	23,845
Accumulated other comprehensive loss	(4)	0
Total stockholders' equity	92,010	87,930
Total liabilities and stockholders' equity	801,330	787,485
Series A Preferred Stock [Member]
Stockholders' Equity:
Preferred stock, $0.01 par value, 1,000,000 shares authorized: Preferred stock series "A," 437,500 shares issued and outstanding and $3,500 liquidation preference at both September 30, 2017 and December 31, 2016	$ 4	$ 4

CONSOLIDATED STATEMENTS OF FIN3

CONSOLIDATED STATEMENTS OF FINANCIAL CONDITION (Unaudited) (Parenthetical) - USD ($) $ in Thousands	Sep. 30, 2017	Dec. 31, 2016
ASSETS
Securities held to maturity fair value	$ 58,959	$ 62,827
Stockholders' Equity:
Preferred stock, par value (in dollars per share)	$ 0.01	$ 0.01
Preferred stock, shares authorized (in shares)	1,000,000	1,000,000
Common stock, par value (in dollars per share)	$ 0.01	$ 0.01
Common stock, shares authorized (in shares)	20,000,000	20,000,000
Common stock, shares issued (in shares)	12,245,425	12,123,179
Common stock, shares outstanding (in shares)	12,245,425	12,123,179
Series A Preferred Stock [Member]
Stockholders' Equity:
Preferred stock, shares issued (in shares)	437,500	437,500
Preferred stock, shares outstanding (in shares)	437,500	437,500
Preferred stock, liquidation preference	$ 3,500	$ 3,500

CONSOLIDATED STATEMENTS OF OPER

CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2017	Sep. 30, 2016	Sep. 30, 2017	Sep. 30, 2016
Interest income:
Loans	$ 7,742	$ 7,479	$ 22,267	$ 21,847
Securities	330	280	927	890
Other earning assets	167	83	498	251
Total interest income	8,239	7,842	23,692	22,988
Interest expense:
Deposits	1,011	1,019	2,924	3,002
Borrowings and subordinated debentures	897	1,106	2,844	3,493
Total interest expense	1,908	2,125	5,768	6,495
Net interest income	6,331	5,717	17,924	16,493
Provision for (reversal of) loan losses	0	50	(650)	150
Net interest income after provision for (reversal of) loan losses	6,331	5,667	18,574	16,343
Noninterest income:
Mortgage-banking revenue	334	1,042	1,150	2,693
Real estate commissions	311	455	959	1,246
Real estate management fees	197	214	513	564
Credit report and appraisal fees	137	99	390	304
Deposit service charges	190	32	265	105
Other noninterest income	230	54	485	667
Total noninterest income	1,399	1,896	3,762	5,579
Noninterest expense:
Compensation and related expenses	3,288	3,928	10,719	11,218
Occupancy	354	333	1,015	942
Legal fees	41	81	104	217
Write-downs, losses, and costs of real estate acquired through foreclosure, net	126	41	166	184
Federal Deposit Insurance Corporation insurance premiums	69	126	133	296
Professional fees	124	189	377	528
Advertising	198	158	649	510
Online charges	237	117	661	617
Credit report and appraisal fees	203	148	478	480
Licensing and software	152	115	326	345
Mortgage leads purchased	48	205	234	559
Other	681	689	2,158	2,405
Total noninterest expense	5,521	6,130	17,020	18,301
Income before income tax provision (benefit)	2,209	1,433	5,316	3,621
Income tax provision (benefit)	950	378	2,150	(10,816)
Net income	1,259	1,055	3,166	14,437
Amortization of discount on preferred stock	(68)	(68)	(203)	(203)
Dividends on preferred stock	(70)	(448)	(210)	(1,370)
Net income available to common stockholders	$ 1,121	$ 539	$ 2,753	$ 12,864
Net income per common share - basic (in dollars per share)	$ 0.09	$ 0.04	$ 0.23	$ 1.14
Net income per common share - diluted (in dollars per share)	$ 0.09	$ 0.04	$ 0.22	$ 1.13

CONSOLIDATED STATEMENTS OF COMP

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (Unaudited) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2017	Sep. 30, 2016	Sep. 30, 2017	Sep. 30, 2016
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (Unaudited) [Abstract]
Net income	$ 1,259	$ 1,055	$ 3,166	$ 14,437
Other comprehensive loss items:
Unrealized holding losses on available-for-sale securities arising during the period (net of income tax benefit of $6 and $2, respectively, in 2017)	(9)	0	(3)	0
Realized gains, net of income taxes of $1 and $1, respectively, in 2017	(1)	0	(1)	0
Total other comprehensive loss	(10)	0	(4)	0
Total comprehensive income	$ 1,249	$ 1,055	$ 3,162	$ 14,437

CONSOLIDATED STATEMENTS OF COM6

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (Unaudited) (Parenthetical) - USD ($) $ in Thousands	3 Months Ended	9 Months Ended
	Sep. 30, 2017	Sep. 30, 2017
Other comprehensive loss items:
Unrealized holding losses on available-for-sale securities arising during the period, income taxes	$ (6)	$ (2)
Realized gains, income taxes	$ 1	$ 1

CONSOLIDATED STATEMENTS OF CHAN

CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS' EQUITY (UNAUDITED) - USD ($) $ in Thousands	Preferred Stock [Member]	Common Stock [Member]	Additional Paid-In Capital [Member]	Retained Earnings [Member]	Accumulated Comprehensive Income [Member]	Total	Series A Preferred Stock [Member]Preferred Stock [Member]	Series A Preferred Stock [Member]Common Stock [Member]	Series A Preferred Stock [Member]Additional Paid-In Capital [Member]	Series A Preferred Stock [Member]Retained Earnings [Member]	Series A Preferred Stock [Member]Accumulated Comprehensive Income [Member]	Series A Preferred Stock [Member]	Series B Preferred Stock [Member]Preferred Stock [Member]	Series B Preferred Stock [Member]Common Stock [Member]	Series B Preferred Stock [Member]Additional Paid-In Capital [Member]	Series B Preferred Stock [Member]Retained Earnings [Member]	Series B Preferred Stock [Member]Accumulated Comprehensive Income [Member]	Series B Preferred Stock [Member]
Beginning balance at Dec. 31, 2015	$ 4	$ 101	$ 76,335	$ 10,016	$ 0	$ 86,456
Balance (in shares) at Dec. 31, 2015	460,893	10,088,879
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	$ 0	$ 0	0	14,437	0	14,437
Stock-based compensation	0	0	143	0	0	143
Stock issued, net of expense	$ 0	$ 20	10,490	0	0	10,510
Stock issued, net of expense (in shares)	0	2,015,500
Stock redemption on Series B preferred stock													$ 0	$ 0	$ (23,393)	$ 0	$ 0	$ (23,393)
Stock redemption on Series B preferred stock (in shares)													(23,393)	0
Dividend declared							$ 0	$ 0	$ 0	$ (140)	$ 0	$ (140)	$ 0	$ 0	0	(1,230)	0	(1,230)
Amortization of discount on Series B preferred stock													0	0	203	(203)	0	0
Ending balance at Sep. 30, 2016	$ 4	$ 121	63,778	22,880	0	86,783
Balance (in shares) at Sep. 30, 2016	437,500	12,104,379
Beginning balance at Dec. 31, 2016	$ 4	$ 121	63,960	23,845	0	87,930
Balance (in shares) at Dec. 31, 2016	437,500	12,123,179
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	$ 0	$ 0	0	3,166	0	3,166
Stock-based compensation	0	0	146	0	0	146
Stock issued in acquisition	$ 0	$ 1	774	0	0	775
Stock issued in acquisition (in shares)	0	108,084
Stock issued, net of expense	$ 0	$ 0	207	0	0	207
Stock issued, net of expense (in shares)	0	14,162
Dividend declared							$ 0	$ 0	$ 0	$ (210)	$ 0	$ (210)
Amortization of discount on Series B preferred stock													$ 0	$ 0	$ 203	$ (203)	$ 0	$ 0
Other comprehensive loss	$ 0	$ 0	0	0	(4)	(4)
Ending balance at Sep. 30, 2017	$ 4	$ 122	65,290	26,598	(4)	92,010
Balance (in shares) at Sep. 30, 2017	437,500	12,245,425
Beginning balance at Jun. 30, 2017					6
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income						1,259
Ending balance at Sep. 30, 2017	$ 4	$ 122	$ 65,290	$ 26,598	$ (4)	$ 92,010
Balance (in shares) at Sep. 30, 2017	437,500	12,245,425

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2017	Sep. 30, 2016
Cash flows from operating activities:
Net income	$ 3,166	$ 14,437
Adjustments to reconcile net income to net cash from operating activities:
Depreciation and amortization	919	863
Amortization of deferred loan fees	(847)	(889)
Net amortization of premiums and discounts on securities	(202)	318
(Reversal of) provision for loan losses	(650)	150
Write-downs and losses on real estate acquired through foreclosure, net of gains	139	149
Gain on sale of mortgage loans	(1,150)	(2,693)
Gain on sale of securities	(2)	0
Proceeds from sale of mortgage loans held for sale	28,482	107,468
Originations of loans held for sale	(22,556)	(104,533)
Stock-based compensation	146	143
Increase in cash surrender value of bank owned life insurance	(23)	0
Deferred income taxes	2,081	(10,916)
Increase in accrued interest receivable	(254)	(44)
(Increase) decrease in other assets	(837)	384
Decrease in accrued expenses and other liabilities	(1,731)	(2,938)
Net cash provided by operating activities	6,681	1,899
Cash flows from investing activities:
Loan principal (disbursements), net of repayments	(40,265)	(14,448)
Redemption of restricted stock investments	404	396
Purchases of premises and equipment, net	(287)	(740)
Purchase of bank owned life insurance	(5,000)	0
Activity in securities held to maturity:
Purchases	(6,679)	(3,562)
Maturities/calls/repayments	10,730	11,700
Activity in available-for-sale securities:
Purchases	(7,184)	0
Sales	4,011	0
Maturities/calls/repayments	184	0
Proceeds from sales of real estate acquired through foreclosure	433	1,622
Net cash used in investing activities	(43,653)	(5,032)
Cash flows from financing activities:
Net increase in deposits	21,546	32,839
Additional borrowings	39,950	10,500
Repayment of borrowings	(50,000)	(18,500)
Proceeds from common stock issuance	207	10,510
Net cash provided by financing activities	11,493	4,035
(Decrease) increase in cash and cash equivalents	(25,479)	902
Cash and cash equivalents at beginning of period	67,114	43,591
Cash and cash equivalents at end of period	41,635	44,493
Supplemental Information:
Interest paid on deposits and borrowed funds	5,828	9,104
Income taxes paid (recovered)	50	(852)
Real estate acquired in satisfaction of loans	703	1,370
Transfers of loans held for sale to portfolio	660	0
Series A Preferred Stock [Member]
Cash flows from financing activities:
Preferred stock dividends	(210)	(140)
Series B Preferred Stock [Member]
Cash flows from financing activities:
Preferred stock dividends	0	(7,781)
Stock redemption of Series B preferred stock	$ 0	$ (23,393)

Summary of Significant Accounti

Summary of Significant Accounting Policies	9 Months Ended
	Sep. 30, 2017
Summary of Significant Accounting Policies [Abstract]
Summary of Significant Accounting Policies	Note 1 - Summary of Significant Accounting Policies Basis of Presentation The accounting and reporting policies of Severn Bancorp, Inc. and subsidiaries (the “Company”) conform to accounting principles generally accepted in the United States of America (“U.S.”) (“GAAP”) and prevailing practices within the financial services industry for interim financial information and Rule 8-01 of Regulation S-X. Accordingly, they do not include all of the information and notes required for complete financial statements and prevailing practices within the banking industry. In the opinion of management, all adjustments (comprising only of those of a normal recurring nature) necessary for a fair presentation of the results of operations for the interim periods presented have been made. The results of operations for the three and nine months ended September 30, 2017 are not necessarily indicative of the results that may be expected for the fiscal year ending December 31, 2017 or any other interim or future period. Events occurring after the date of the financial statements up to , the date the financial statements were available to be issued, were considered in the preparation of the consolidated financial statements. These statements should be read in conjunction with the financial statements and accompanying notes included in the Company’s 2016 Annual Report on Form 10-K as filed with the Securities and Exchange Commission (“SEC”). Principles of Consolidation The unaudited consolidated financial statements include the accounts of Severn Bancorp, Inc., and its wholly-owned subsidiaries, Mid-Maryland Title Company, Inc., SBI Mortgage Company and SBI Mortgage Company’s subsidiary, Crownsville Development Corporation, and its subsidiary, Crownsville Holdings I, LLC, and Severn Savings Bank, FSB (the “Bank”), and the Bank’s subsidiaries, Louis Hyatt, Inc., Homeowners Title and Escrow Corporation, Severn Financial Services Corporation, SSB Realty Holdings, LLC, SSB Realty Holdings II, LLC, and HS West, LLC. All intercompany accounts and transactions have been eliminated in the accompanying consolidated financial statements. Acquisition On September 1, 2017, we acquired Mid-Maryland Title Company, Inc. (the “Title Company”) by issuing stock in a business combination. We issued 108,084 shares in the transaction valued at $775,000. We recorded $759,000 in goodwill in the transaction. The acquisition continues our growth strategy and focus on being a full-service provider and complements the mortgage services, commercial banking services, and commercial real estate services we provide. The acquisition of the Title Company has not had a material effect on the Company’s financial condition or results of operations. 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 as of the date of the financial statements, and affect the reported amounts of revenues earned and expenses incurred during the reporting period. Actual results could differ from those estimates. Estimates that could change significantly relate to the provision for loan losses and the related allowance for loan losses (“Allowance”), determination of impaired loans and the related measurement of impairment, valuation of investment securities, valuation of real estate acquired through foreclosure, valuation of share-based compensation, the assessment that a liability should be recognized with respect to any matters under litigation, and the calculation of current and deferred income taxes and the realizability of net deferred tax assets. Cash Flows For purposes of reporting cash flows, cash and cash equivalents include cash and due from banks, federal funds sold, and interest-earning deposits with banks. Reclassifications Certain reclassifications have been made to amounts previously reported to conform to current period presentation. Recent Accounting Pronouncements Pronouncements Adopted In March 2016, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) No. 2016-09, Stock Compensation: Improvements to Employee Share-Based Payment Accounting Pronouncements Issued In May 2014, FASB issued ASU No. 2014-09, Revenue from Contracts with Customers, Revenue from Contracts with Customers: Deferral of the Effective Date, , Revenue from Contracts with Customers: Principal Versus Agent Considerations (Reporting Revenue Gross Versus Net), , Revenue from Contracts with Customers, Identifying Performance Obligations and Licensing, , Revenue from Contracts with Customers: Narrow-Scope Improvements and Practical Expedients, , Technical Corrections and Improvements to Topic 606, Revenue form Contracts with Customers, In January 2016, FASB issued ASU No. 2016-01, Financial Instruments – Overall: Recognition and Measurement of Financial Assets and Financial Liabilities In February 2016, FASB issued ASU 2016-02, Leases In June 2016, FASB issued ASU No. 2016-13, Financial Instruments – Credit Losses In August 2016, FASB issued ASU No. 2016-15, Classification of Certain Cash Receipts and Cash Payments, In March 2017, FASB issued ASU No. 2017-08, Receivables - Nonrefundable Fees and Other costs,

Securities

Securities	9 Months Ended
	Sep. 30, 2017
Securities [Abstract]
Securities	Note 2 - Securities The amortized cost and estimated fair values of our AFS securities portfolio were as follows as of September 30, 2017: Amortized Cost Unrealized Gains Unrealized Losses Estimated Fair Value (dollars in thousands) U.S. government agency notes $ 3,135 $ - $ 6 $ 3,129 We did not hold any AFS securities as of December 31, 2016. The amortized cost and estimated fair values of our held-to-maturity (“HTM”) securities portfolio were as follows: September 30, 2017 Amortized Cost Unrealized Gains Unrealized Losses Estimated Fair Value (dollars in thousands) U.S. Treasury securities $ 7,996 $ 106 $ - $ 8,102 U.S. government agency notes 19,008 137 43 19,102 Mortgage-backed securities 31,760 97 102 31,755 $ 58,764 $ 340 $ 145 $ 58,959 December 31, 2016 Amortized Unrealized Unrealized Estimated (dollars in thousands) U.S. Treasury securities $ 12,998 $ 167 $ - $ 13,165 U.S. government agency notes 20,027 133 54 20,106 Mortgage-backed securities 29,732 52 228 29,556 $ 62,757 $ 352 $ 282 $ 62,827 Three AFS securities were in an unrealized loss position as of September 30, 2017 for less than twelve months, with the largest single unrealized loss in any one security amounting to Gross unrealized losses and fair value by length of time that the individual HTM securities have been in an unrealized loss position at the dates indicated are presented in the following tables: September 30, 2017 Less than 12 months 12 months or more Total Estimated Unrealized Estimated Unrealized Estimated Unrealized (dollars in thousands) U.S. government agency notes $ 4,000 $ 2 $ 7,005 $ 41 $ 11,005 $ 43 Mortgage-backed securities 11,687 39 7,501 63 19,188 102 $ 15,687 $ 41 $ 14,506 $ 104 $ 30,193 $ 145 December 31, 2016 Less than 12 months 12 months or more Total Estimated Unrealized Estimated Unrealized Estimated Unrealized (dollars in thousands) U.S. government agency notes $ 5,002 $ 54 $ - $ - $ 5,002 $ 54 Mortgage-backed securities 23,457 228 - - 23,457 228 $ 28,459 $ 282 $ - $ - $ 28,459 $ 282 In the HTM securities portfolio All of the securities that are currently in a gross unrealized loss position are so due to declines in fair values resulting from changes in interest rates or increased liquidity spreads since the time they were purchased. We have the intent and ability to hold these debt securities to maturity (including the AFS securities) and do not intend to sell, nor do we believe it will be more likely than not that we will be required to sell, any impaired securities prior to a recovery of amortized cost. We expect these securities will be repaid in full, with no losses realized. As such, management considers any impairment to be temporary. Contractual maturities of debt securities at September 30, 2017 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. AFS Securities HTM Securities Amortized Estimated Amortized Estimated (dollars in thousands) Due in one year or less $ - $ - $ 10,009 $ 10,014 Due after one through five years 3,135 3,129 15,030 15,112 Due after five years through ten years - - 1,965 2,078 Mortgage-backed securities - - 31,760 31,755 $ 3,135 $ 3,129 $ 58,764 $ 58,959 During both the three and nine months ended September 30, 2017, we recognized gross gains and losses on the sale of securities of $4,000 and $2,000, respectively. We did not sell any securities during 2016. There were no securities pledged as collateral as of September 30, 2017 or December 31, 2016.

Loans Receivable and Allowance

Loans Receivable and Allowance for Loan Losses	9 Months Ended
	Sep. 30, 2017
Loans Receivable and Allowance for Loan Losses [Abstract]
Loans Receivable and Allowance for Loan Losses	Note 3 - Loans Receivable and Allowance for Loan Losses Loans receivable are summarized as follows: September 30, 2017 December 31, 2016 (dollars in thousands) Residential mortgage $ 292,068 $ 260,603 Commercial 37,485 46,468 Commercial real estate 223,167 195,710 Construction, land acquisition, and development 84,164 90,102 Home equity/2nds 15,861 19,129 Consumer 1,118 1,210 Total loans receivable 653,863 613,222 Unearned loan fees (2,899 ) (2,944 ) Net loans receivable $ 650,964 $ 610,278 Certain loans in the amount of $210.4 Credit Quality An Allowance is provided through charges to income in an amount that management believes will be adequate to absorb losses on existing loans that may become uncollectible based on evaluations of the collectability of loans and prior loan loss experience. Management has an established methodology to determine the adequacy of the Allowance that assesses the risks and losses inherent in the loan portfolio. The methodology takes into consideration such factors as changes in the nature and volume of the loan portfolio, overall portfolio quality, review of specific problem loans, and current economic conditions that may affect the borrowers’ ability to pay. Determining the amount of the Allowance requires the use of estimates and assumptions. Actual results could differ significantly from those estimates. While management uses available information to estimate losses on loans, future additions to the Allowance may be necessary based on changes in economic conditions. In addition, various regulatory agencies periodically review the Allowance as an integral part of their examination process. Such agencies may require us to recognize additions to the Allowance based on their judgments about information available to them at the time of their examination. Management believes the Allowance is adequate as of September 30, 2017 and December 31, 2016. For purposes of determining the Allowance, we have segmented our loan portfolio by product type. Our portfolio loan segments are residential mortgage, commercial, commercial real estate, construction, land acquisition, and development (“ADC”), Home equity/2nds, and consumer. We have looked at all segments and have determined that no additional subcategorization is warranted based upon our credit review methodology and our portfolio classes are the same as our portfolio segments. Inherent Credit Risks The inherent credit risks within the loan portfolio vary depending upon the loan class as follows: Residential mortgage Commercial underwritten in accordance with our policies and include evaluating historical and projected profitability and cash flow to determine the borrower’s ability to repay the obligation as agreed. Commercial loans are made primarily based on the identified cash flow of the borrower and secondarily on the underlying collateral supporting the loan. Accordingly, the repayment of a commercial loan depends primarily on the creditworthiness of the borrower (and any guarantors), while liquidation of collateral is a secondary and often insufficient source of repayment. Additionally, lines of credit are subject to the underwriting standards and processes similar to commercial loans, in addition to those underwriting standards for real estate loans. These loans are viewed primarily as cash flow dependent and, secondarily, as loans secured by real-estate and/or other assets. Repayment of these loans is generally dependent upon the successful operation of the property securing the loan or the principal business conducted on the property securing the loan. Line of credit loans may be adversely affected by conditions in the real estate markets or the economy in general. Management monitors and evaluates line of credit loans based on collateral and risk-rating criteria. Commercial real estate subject to the underwriting standards and processes similar to commercial and industrial loans, in addition to those underwriting standards for real estate loans. These loans are viewed primarily as cash flow dependent and secondarily as loans secured by real estate. Repayment of these loans is generally dependent upon the successful operation of the property securing the loan or the principal business conducted on the property securing the loan. Commercial real estate loans may be adversely affected by conditions in the real estate markets or the economy in general. Management monitors and evaluates commercial real estate loans based on collateral and risk-rating criteria. The Bank also utilizes third-party experts to provide environmental and market valuations. The nature of commercial real estate loans makes them more difficult to monitor and evaluate. ADC underwritten in accordance with our underwriting policies which include a financial analysis of the developers, property owners, construction cost estimates, and independent appraisal valuations. These loans will rely on the value associated with the project upon completion. These cost and valuation estimates may be inaccurate. Construction loans generally involve the disbursement of substantial funds over a short period of time with repayment substantially dependent upon the success of the completed project rather than the ability of the borrower or guarantor to repay principal and interest. Additionally, land is underwritten according to our policies which include independent appraisal valuations as well as the estimated value associated with the land upon completion of development. These cost and valuation estimates may be inaccurate. These loans are considered to be of a higher risk than other real estate loans due to their ultimate repayment being sensitive to general economic conditions, availability of long-term financing, interest rate sensitivity, and governmental regulation of real property. The sources of repayment of these loans is typically permanent financing expected to be obtained upon completion or sales of developed property. These loans are closely monitored by onsite inspections and are considered to be of a higher risk than other real estate loans due to their ultimate repayment being sensitive to general economic conditions, availability of long-term financing, interest rate sensitivity, and governmental regulation of real property. If the Bank is forced to foreclose on a project prior to or at completion due to a default, there can be no assurance that the Bank will be able to recover all of the unpaid balance of the loan as well as related foreclosure and holding costs. In addition, the Bank may be required to fund additional amounts to complete the project and may have to hold the property for an unspecified period of time. Home equity/2nds subject to the underwriting standards and processes similar to residential mortgages and secured by one to four family dwelling units. Home equity/2nds loans have greater risk than residential mortgages as a result of the Bank generally being in a second lien position. Consumer consist of loans to individuals through the Bank’s retail network and typically unsecured or secured by personal property. Consumer loans have a greater credit risk than residential loans because of the lower value of the underlying collateral, if any. Risk Ratings Credit quality risk ratings include regulatory classifications of special mention, substandard, doubtful, and loss. Loans classified as special mention have potential weaknesses that deserve management’s close attention. If uncorrected, the potential weaknesses may result in deterioration of the repayment prospects. Loans classified substandard have a well-defined weakness or weaknesses that jeopardize the liquidation of the debt. They include loans that are inadequately protected by the current sound net worth and paying capacity of the obligor or of the collateral pledged, if any. Loans classified doubtful have all the weaknesses inherent in loans classified substandard with the added characteristic that collection or liquidation in full, on the basis of current conditions and facts, is highly improbable. Loans classified as a loss are considered uncollectible and are charged to the Allowance. Loans not classified are rated pass. The accrual of interest on loans is discontinued at the time the loan is 90 days past due. Past due status is based on contractual terms of the loan. In all cases, loans are placed in nonaccrual status or charged off at an earlier date if collection of principal or interest is considered doubtful. All interest accrued but not collected for loans that are placed in nonaccrual status or charged off is reversed against interest income. The interest on these loans is accounted for on the cash-basis or cost-recovery method, until qualifying for return to accrual. Loans are returned to accrual status when all the principal and interest amounts contractually due are brought current and future payments are reasonably assured, generally after nine months of consecutive current payments and completion of an updated analysis of the borrower’s ability to service the loan. Loans that experience insignificant payment delays and payment shortfalls may not be placed in nonaccrual status or classified as impaired. Management determines the significance of payment delays and payment shortfalls on a case-by-case basis, taking into consideration all of the circumstances surrounding the loan and the borrower, including the length of the delay, the reasons for the delay, the borrower’s prior payment record, and the amount of the shortfall in relation to the principal and interest owed. Allowance Methodology The Allowance consists of specific and general components. The specific component relates to loans that are classified as impaired. The general component relates to loans that are classified as doubtful, substandard, or special mention that are not considered impaired, as well as loans that are not classified. A loan is considered impaired if it meets any of the following three criteria: · Loans that are 90 days or more in arrears (nonaccrual loans); · Loans where, based on current information and events, it is probable that a borrower will be unable to pay all amounts due according to the contractual terms of the loan agreement; or · Loans that are modified and qualify as troubled debt restructured loans (“TDR” or “TDRs”). If a loan is considered to be impaired, it is then determined to be either cash flow or collateral dependent for purposes of Allowance determination. With respect to all loan segments, we do not charge off a loan, or a portion of a loan, until one of the following conditions have been met: · The loan has been foreclosed. At the time of foreclosure, a charge off is recorded for the difference between the recorded amount of the loan and the fair value of the underlying collateral. · An agreement to accept less than the recorded balance of the loan has been made with the borrower. Once an agreement has been finalized, a charge-off is recorded for the difference between the recorded amount of the loan and the agreed upon proceeds amount. · The loan is considered to be a collateral dependent impaired loan when its collateral valuation is less than the recorded balance. The loan is written down for accounting purposes by the amount of the difference between the recorded balance and collateral value. Specific Allowance Component Impaired loans secured by real estate - when a secured real estate loan becomes impaired, a decision is made as to whether an updated certified appraisal of the real estate is necessary. This decision is based on various considerations, including the age of the most recent appraisal, the LTV ratio based on the original appraisal, and the condition of the property. Appraised values are discounted, if appropriate, to arrive at the estimated selling price of the collateral, which is considered to be the estimated fair value. The discounts also include estimated costs to sell the property. Impaired loans secured by collateral other than real estate - for loans secured by nonreal estate collateral, such as accounts receivable, inventory, and equipment, estimated fair values are determined based on the borrower’s financial statements, inventory reports, accounts receivable aging, or equipment appraisals or invoices. Indications of value from these sources are generally discounted based on the age of the financial information or the quality of the assets. For such loans that are classified as impaired, an Allowance is established when the current fair value of the underlying collateral less its estimated disposal costs is lower than the carrying value of the loan. For loans that are not solely collateral dependent, an Allowance is established when the present value of the expected future cash flows of the impaired loan is lower than the carrying value of the loan. General Allowance Component The general component of the Allowance is based on historical loss experience adjusted for qualitative factors. Loans are pooled by portfolio class and an historical loss percentage, based upon a four-year net charge-off history, is applied to each class. The result of that calculation for each loan class is then applied to the current loan portfolio balances to determine the required general component of the Allowance per loan class. We then apply additional loss multipliers to the different classes of loans to reflect various qualitative factors. These qualitative factors include, but are not limited to: · Levels and trends in delinquencies and nonaccruals; · Inherent risk in the loan portfolio; · Trends in volume and terms of the loan; · Effects of any change in lending policies and procedures; · Experience, ability, and depth of management; · National and local economic trends and conditions; · Effect of any changes in concentration of credit; and · Industry conditions. The following tables present, by portfolio segment, the changes in the Allowance and the recorded investment in loans: Three Months Ended September 30, 2017 Residential Commercial Commercial Real Estate ADC Home Equity/ Consumer Total (dollars in thousands) Beginning Balance $ 3,403 $ 389 $ 2,571 $ 984 $ 367 $ 4 $ 7,718 Charge-offs - - - - - - - Recoveries 156 - 40 - 22 - 218 Net recoveries 156 - 40 - 22 - 218 (Reversal of) provision for loan losses (137 ) 53 (44 ) 158 (28 ) (2 ) - Ending Balance $ 3,422 $ 442 $ 2,567 $ 1,142 $ 361 $ 2 $ 7,936 Nine Months Ended September 30, 2017 (dollars in thousands) Beginning Balance $ 3,833 $ 478 $ 2,535 $ 1,390 $ 728 $ 5 $ 8,969 Charge-offs (707 ) - - - (98 ) - (805 ) Recoveries 295 - 100 - 27 - 422 Net (charge-offs) recoveries (412 ) - 100 - (71 ) - (383 ) Provision for (reversal of) loan losses 1 (36 ) (68 ) (248 ) (296 ) (3 ) (650 ) Ending Balance $ 3,422 $ 442 $ 2,567 $ 1,142 $ 361 $ 2 $ 7,936 Ending balance - individually evaluated for impairment $ 1,544 $ - $ 186 $ 50 $ - $ 2 $ 1,782 Ending balance - collectively evaluated for impairment 1,878 442 2,381 1,092 361 - 6,154 $ 3,422 $ 442 $ 2,567 $ 1,142 $ 361 $ 2 $ 7,936 Ending loan balance - individually evaluated for impairment $ 20,379 $ - $ 3,419 $ 1,003 $ - $ 87 $ 24,888 Ending loan balance - collectively evaluated for impairment 268,790 37,485 219,748 83,161 15,861 1,031 626,076 $ 289,169 $ 37,485 $ 223,167 $ 84,164 $ 15,861 $ 1,118 $ 650,964 December 31, 2016 Residential Mortgage Commercial Commercial Real Estate ADC Home Equity/ Consumer Total (dollars in thousands) Ending Allowance balance - individually evaluated for impairment $ 1,703 $ 15 $ 196 $ 53 $ 402 $ 4 $ 2,373 Ending Allowance balance - collectively evaluated for impairment 2,130 463 2,339 1,337 326 1 6,596 $ 3,833 $ 478 $ 2,535 $ 1,390 $ 728 $ 5 $ 8,969 Ending loan balance - individually evaluated for impairment $ 20,403 $ 148 $ 5,656 $ 858 $ 3,137 $ 96 $ 30,298 Ending loan balance - collectively evaluated for impairment 237,256 46,320 190,054 89,244 15,992 1,114 579,980 $ 257,659 $ 46,468 $ 195,710 $ 90,102 $ 19,129 $ 1,210 $ 610,278 Three Months Ended September 30, 2016 Residential Mortgage Commercial Commercial ADC Home Equity/ Consumer Total (dollars in thousands) Beginning Balance $ 3,892 $ 752 $ 2,577 $ 983 $ 593 $ 7 $ 8,804 Charge-offs - - - (72 ) - - (72 ) Recoveries 137 10 4 - 2 50 203 Net recoveries (charge-offs) 137 10 4 (72 ) 2 50 131 (Reversal of) provision for loan losses (161 ) (63 ) (189 ) 289 226 (52 ) 50 Ending Balance $ 3,868 $ 699 $ 2,392 $ 1,200 $ 821 $ 5 $ 8,985 Nine Months Ended September 30, 2016 (dollars in thousands) Beginning Balance $ 4,188 $ 291 $ 2,792 $ 956 $ 528 $ 3 $ 8,758 Charge-offs (151 ) (17 ) (178 ) (72 ) (28 ) - (446 ) Recoveries 322 43 4 100 4 50 523 Net recoveries (charge-offs) 171 26 (174 ) 28 (24 ) 50 77 (Reversal of) provision for loan losses (491 ) 382 (226 ) 216 317 (48 ) 150 Ending Balance $ 3,868 $ 699 $ 2,392 $ 1,200 $ 821 $ 5 $ 8,985 Ending balance - individually evaluated for impairment $ 1,583 $ 15 $ 200 $ 55 $ 402 $ 4 $ 2,259 Ending balance - collectively evaluated for impairment 2,285 684 2,192 1,145 419 1 6,726 $ 3,868 $ 699 $ 2,392 $ 1,200 $ 821 $ 5 $ 8,985 Ending loan balance - individually evaluated for impairment $ 22,521 $ 495 $ 5,696 $ 1,446 $ 3,519 $ 100 $ 33,777 Ending loan balance - collectively evaluated for impairment 246,375 41,864 193,219 79,894 16,220 1,109 578,681 $ 268,896 $ 42,359 $ 198,915 $ 81,340 $ 19,739 $ 1,209 $ 612,458 The following tables present the credit quality breakdown of our loan portfolio by class: September 30, 2017 Pass Special Mention Substandard Total (dollars in thousands) Residential mortgage $ 281,954 $ 1,397 $ 5,818 $ 289,169 Commercial 37,299 50 136 37,485 Commercial real estate 216,373 4,668 2,126 223,167 ADC 82,958 - 1,206 84,164 Home equity/2nds 14,531 471 859 15,861 Consumer 1,118 - - 1,118 $ 634,233 $ 6,586 $ 10,145 $ 650,964 December 31, 2016 Pass Special Substandard Total (dollars in thousands) Residential mortgage $ 248,819 $ 4,316 $ 4,524 $ 257,659 Commercial 46,011 204 253 46,468 Commercial real estate 184,820 7,420 3,470 195,710 ADC 89,324 - 778 90,102 Home equity/2nds 16,056 472 2,601 19,129 Consumer 1,210 - - 1,210 $ 586,240 $ 12,412 $ 11,626 $ 610,278 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 recorded payment is past due. The following tables present the classes of the loan portfolio summarized by the aging categories of performing loans and nonaccrual loans: September 30, 2017 30-59 Days Past Due 60-89 Days Past Due 90+ Days Past Due Total Past Due Current Total Non- Accrual (dollars in thousands) Residential mortgage $ 1,173 $ 1,216 $ 2,364 $ 4,753 $ 284,416 $ 289,169 $ 4,531 Commercial - - - - 37,485 37,485 84 Commercial real estate - 478 - 478 222,689 223,167 160 ADC - - 239 239 83,925 84,164 318 Home equity/2nds - - 458 458 15,403 15,861 1,284 Consumer - - - - 1,118 1,118 - $ 1,173 $ 1,694 $ 3,061 $ 5,928 $ 645,036 $ 650,964 $ 6,377 December 31, 2016 30-59 Days Past Due 60-89 Days Past Due 90+ Days Past Due Total Past Due Current Total Non- (dollars in thousands) Residential mortgage $ 1,472 $ 2,074 $ 964 $ 4,510 $ 253,149 $ 257,659 $ 3,580 Commercial - - - - 46,468 46,468 151 Commercial real estate - 171 515 686 195,024 195,710 2,938 ADC 106 - 6 112 89,990 90,102 269 Home equity/2nds 34 - 2,174 2,208 16,921 19,129 2,914 Consumer 4 - - 4 1,206 1,210 - $ 1,616 $ 2,245 $ 3,659 $ 7,520 $ 602,758 $ 610,278 $ 9,852 We do not have any greater than 90 days and still accruing loans as of September 30, 2017 or December 31, 2016. The interest which would have been recorded on the above nonaccrual loans if those loans had been performing in accordance with their contractual terms was approximately $1.2 million and $338,000 for the nine months ended September 30, 2017 and 2016, respectively. The actual interest income recorded on those loans was approximately $403,000 and $130,000 for the nine months ended September 30, 2017 and 2016, respectively. The following tables summarize impaired loans: September 30, 2017 December 31, 2016 Unpaid Principal Balance Recorded Investment Related Allowance Unpaid Principal Balance Recorded Investment Related Allowance With no related Allowance: (dollars in thousands) Residential mortgage $ 12,856 $ 11,306 $ - $ 9,854 $ 9,338 $ - Commercial - - - - - - Commercial real estate 1,576 1,527 - 3,900 3,698 - ADC 636 636 - 441 441 - Home equity/2nds - - - 2,139 1,529 - Consumer - - - - - - With a related Allowance: Residential mortgage 9,306 9,073 1,544 11,176 11,065 1,703 Commercial - - - 148 148 15 Commercial real estate 1,892 1,892 186 1,958 1,958 196 ADC 402 367 50 417 417 53 Home equity/2nds - - - 1,608 1,608 402 Consumer 87 87 2 96 96 4 Totals: Residential mortgage 22,162 20,379 1,544 21,030 20,403 1,703 Commercial - - - 148 148 15 Commercial real estate 3,468 3,419 186 5,858 5,656 196 ADC 1,038 1,003 50 858 858 53 Home equity/2nds - - - 3,747 3,137 402 Consumer 87 87 2 96 96 4 Three Months Ended September 30, Nine Months Ended September 30, 2017 2016 2017 2016 Average Recorded Investment Interest Income Recognized Average Recorded Investment Interest Income Recognized Average Recorded Investment Interest Income Recognized Average Recorded Investment Interest Income Recognized With no related Allowance: (dollars in thousands) Residential mortgage $ 10,423 $ 138 $ 12,734 $ 132 $ 9,696 $ 353 $ 13,774 $ 417 Commercial - - 274 2 - - 150 3 Commercial real estate 1,531 22 3,730 57 2,652 69 4,655 134 ADC 637 9 1,031 9 487 21 1,431 36 Home equity/2nds 918 15 1,911 18 679 40 1,991 59 Consumer - - - - - - 23 - With a related Allowance: Residential mortgage 8,910 116 9,831 106 9,231 286 10,684 356 Commercial - - 149 2 37 - 182 7 Commercial real estate 1,896 23 1,977 25 1,919 73 2,040 77 ADC 369 6 426 6 385 16 513 20 Home equity/2nds 180 - 1,078 6 715 - 370 7 Consumer 88 1 102 1 91 2 73 2 Totals: Residential mortgage 19,333 254 22,565 238 18,927 639 24,458 773 Commercial - - 423 4 37 - 332 10 Commercial real estate 3,427 45 5,707 82 4,571 142 6,695 211 ADC 1,006 15 1,457 15 872 37 1,944 56 Home equity/2nds 1,098 15 2,989 24 1,394 40 2,361 66 Consumer 88 1 102 1 91 2 96 2 Residential mortgage loans secured by residential real estate properties for which formal foreclosure proceedings were in process according to local requirements of the applicable jurisdiction totaled $3.1 million as of September 30, 2017. Residential mortgage loans in real estate acquired through foreclosure amounted to $287,000 and $393,000 at September 30, 2017 and December 31, 2016, respectively. TDRs In situations where, for economic or legal reasons related to a borrower’s financial difficulties, management may grant a concession for other than an insignificant period of time to the borrower that would not otherwise be considered, the related loan is classified as a TDR. Such concessions could include reductions in the interest rate, payment extensions, forgiveness of principal, forbearance, or other actions. At the time that a loan is modified, management evaluates any possible impairment based on the present value of expected future cash flows, discounted at the contractual interest rate of the original loan agreement, except when the sole remaining source of repayment for the loan is the liquidation of the collateral. In these cases, we use the current fair value of the collateral, less selling costs, instead of discounted cash flows. Any impairment amount is then set up as a specific reserve in the Allowance. The following table presents loans that were modified during the nine months ended September 30: 2017 2016 Number of Modifications Recorded Investment Prior to Modification Recorded Investment After Modification Number of Modifications Recorded Investment Prior to Modification Recorded Investment After Modification (dollars in thousands) Residential Mortgage 3 $ 624 $ 624 - $ - $ - 3 $ 624 $ 624 We did not modify any loans during the three months ended September 30, 2017 or 2016. Interest on our portfolio of TDRs was accounted for under the following methods: September 30, 2017 Number of Accrual Number of Nonaccrual Total Total (dollars in thousands) Residential mortgage 43 $ 13,086 4 $ 2,285 47 $ 15,371 Commercial real estate 3 1,875 1 84 4 1,959 ADC 1 138 1 6 2 144 Home equity/2nds 1 230 - - 1 230 Consumer 4 87 - - 4 87 52 $ 15,416 6 $ 2,375 58 $ 17,791 December 31, 2016 Number of Accrual Number of Nonaccrual Total Total (dollars in thousands) Residential mortgage 48 $ 15,886 4 $ 2,137 52 $ 18,023 Commercial real estate 3 1,914 2 249 5 2,163 ADC 2 170 1 6 3 176 Consumer 5 96 - - 5 96 58 $ 18,066 7 $ 2,392 65 $ 20,458 During the three and nine months ended September 30, 2017 and 2016, there were no TDRs that subsequently defaulted during the 12 month period ended September 30, 2017 and 2016. Off-Balance Sheet Instruments The Bank is a party to financial instruments with off-balance sheet risk in the normal course of business to meet the financial needs of its customers. These financial instruments include commitments to extend credit and standby letters of credit, which involve, to varying degrees, elements of credit risk in excess of the amount recognized in the consolidated statements of financial condition. The contract amounts of these instruments express the extent of involvement we have in each class of financial instruments. Our exposure to credit loss from nonperformance by the other party to the above mentioned financial instruments is represented by the contractual amount of those instruments. We use the same credit policies in making commitments and conditional obligations as we do for on-balance sheet instruments. Unless otherwise noted, we require collateral or other security to support financial instruments with off-balancesheet credit risk. The following table shows the contract amounts for our off-balance sheet instruments: September 30, 2017 December 31, (dollars in thousands) Standby letters of credit $ 3,854 $ 4,022 Home equity lines of credit 12,425 7,736 Unadvanced construction commitments 72,045 15,728 Mortgage loan commitments - 574 Lines of credit 13,092 34,125 Loans sold and serviced with limited repurchase provisions 19,979 70,773 Standby letters of credit are conditional commitments issued by the Bank guaranteeing performance by a customer to various municipalities. These guarantees are issued primarily to support performance arrangements and are limited to real estate transactions. The majority of these standby letters of credit expire within twelve months. The credit risk involved in issuing letters of credit is essentially the same as that involved in extending other loan commitments. The Bank requires collateral supporting these letters of credit as deemed necessary. Management believes, except for certain standby letters of credit, that the proceeds obtained through a liquidation of such collateral would be sufficient to cover the maximum potential amount of future payments required under the corresponding guarantees. The current amount of the liability as of September 30, 2017 and December 31, 2016 for guarantees under standby letters of credit issued was $79,000 and $94,000, respectively. Home equity lines of credit are loan commitments to individuals as long as there is no violation of any condition established in the contract. Commitments under home equity lines expire ten years after the date the loan closes and are secured by real estate. We evaluate each customer’s credit worthiness on a case-by-case basis. Unadvanced construction commitments are loan commitments made to borrowers for both residential and commercial projects that are either in process or are expected to begin construction shortly. Mortgage loan commitments not reflected in the accompanying statements of financial condition at Lines of credit are loan commitments to individuals and companies as long as there is no violation of any condition established in the contract. Lines of credit have a fixed expiration date. The Bank evaluates each customer’s credit worthiness on a case-by-case basis. The Bank has entered into several agreements to sell mortgage loans to third parties. These agreements contain limited provisions that require the Bank to repurchase a loan if the loan becomes delinquent within a period ranging generally from 120 to 180 days after the sale date depending on the investor’s agreement. The credit risk involved in these financial instruments is essentially the same as that involved in extending loan facilities to customers. We established a reserve for potential repurchases for these loans, which amounted to $59,000 at September 30, 2017 and $48,000 at December 31, 2016. We did not repurchase any loans during the nine months ended September 30, 2017 or 2016.

Regulatory Matters

Regulatory Matters	9 Months Ended
	Sep. 30, 2017
Regulatory Matters [Abstract]
Regulatory Matters	Note 4 - Regulatory Matters The Bank is subject to various regulatory capital requirements administered by the 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 condition. Under capital adequacy guidelines and the regulatory framework for prompt corrective action, the Bank must meet specific capital guidelines that involve quantitative measures of assets, liabilities, and certain off-balance sheet items as calculated under regulatory accounting practices. The Bank’s capital amounts and classification are also subject to qualitative judgments by the regulators about components, risk weightings, and other factors. In July 2015, federal bank regulatory agencies issued final results 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 us 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, we 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 AFS securities portfolio. The Basel III rules also establish a “capital conservation buffer” of 2.5% above the new regulatory minimum capital requirements, which must consist entirely of common equity Tier 1 capital. The new capital conservation buffer requirements began to phase in effective January 2016 at 0.625% of risk-weighted assets and increase by that amount each year until fully implemented in January 2019 (1.25% at September 30, 2017). An institution would be subject to limitations on paying dividends, engaging in share repurchases, and paying discretionary bonuses to executive officers if its capital level falls below the buffer amount. These limitations establish a maximum percentage of eligible retained income that could be utilized for such actions. As of the date of the last regulatory exam, the Bank was considered “well capitalized” and as of September 30, 2017, the Bank continued to meet the requirements to be considered “well capitalized” based on applicable U.S. regulatory capital ratio requirements. The Bank’s regulatory capital amounts and ratios were as follows: Actual Minimum Minimum To be Well Amount Ratio Amount Ratio Amount Ratio Amount Ratio September 30, 2017 (dollars in thousands) Common Equity Tier 1 Capital (to risk-weighted assets) $ 104,318 16.8 % $ 27,907 4.5 % $ 35,658 5.8 % $ 40,309 6.5 % Total capital (to risk-weighted assets) 112,086 18.1 % 49,612 8.0 % 57,363 9.3 % 62,015 10.0 % Tier 1 capital (to risk-weighted assets) 104,318 16.8 % 37,209 6.0 % 44,961 7.3 % 49,612 8.0 % Tier 1 capital (to average quarterly assets) 104,318 13.3 % 31,313 4.0 % 41,099 5.3 % 39,142 5.0 % December 31, 2016 Common Equity Tier 1 Capital (to risk-weighted assets) $ 98,970 16.5 % $ 26,983 4.5 % $ 30,730 5.1 % $ 38,975 6.5 % Total capital (to risk-weighted assets) 106,517 17.8 % 47,969 8.0 % 51,717 8.6 % 59,962 10.0 % Tier 1 capital (to risk-weighted assets) 98,970 16.5 % 35,977 6.0 % 39,725 6.6 % 47,969 8.0 % Tier 1 capital (to average quarterly assets) 98,970 12.9 % 30,634 4.0 % 35,420 4.6 % 38,292 5.0 %

Earnings Per Share

Earnings Per Share	9 Months Ended
	Sep. 30, 2017
Earnings Per Share [Abstract]
Earnings Per Share	Note 5 - Earnings Per Share Basic earnings per share is computed by dividing net income available to common stockholders by the weighted average number of shares of common stock outstanding for each period. Diluted earnings per share reflect additional common shares that would have been outstanding if dilutive potential common shares had been issued. Potential common shares that may be issued by the Company relate to outstanding stock options, warrants, and convertible preferred stock, and are determined using the treasury stock method. Not included in the diluted earnings per share calculation for 2017 and 2016 because they were anti-dilutive, were 20,000 and 126,600 shares, respectively, of common stock issuable upon exercise of outstanding stock options, 437,500 shares of common stock issuable upon conversion of the Company’s Series A Preferred Stock, and, in 2016, 556,976 shares of common stock issuable upon the exercise of a warrant were also anti-dilutive and excluded from the calculation. Information relating to the calculations of our income per common share is summarized as follows: Three Months Ended September 30, Nine Months Ended September 30, 2017 2016 2017 2016 (dollars in thousands, except for per share data) Weighted-average shares outstanding - basic 12,172,586 12,104,379 12,140,689 11,324,660 Dilution 150,986 79,360 107,525 51,193 Weighted-average share outstanding - diluted 12,323,572 12,183,739 12,248,214 11,375,853 Net income available to common stockholders $ 1,121 $ 539 $ 2,753 $ 12,864 Net income per share - basic $ 0.09 $ 0.04 $ 0.23 $ 1.14 Net income per share - diluted $ 0.09 $ 0.04 $ 0.22 $ 1.13

Stock-Based Compensation

Stock-Based Compensation	9 Months Ended
	Sep. 30, 2017
Stock-Based Compensation [Abstract]
Stock-Based Compensation	Note 6 - Stock-Based Compensation We maintain a stock-based compensation plan for directors, officers, and other key employees of the Company. The aggregate number of shares of common stock that may be issued with respect to the awards granted under the plan is 500,000 plus any shares forfeited under the Company’s old stock-based compensation plan. Under the terms of the stock-based compensation plan, the Company has the ability to grant various stock compensation incentives, including stock options, stock appreciation rights, and restricted stock. The stock-based compensation is granted under terms and conditions determined by the Compensation Committee of the Board of Directors. Under the stock-based compensation plan, stock options generally have a maximum term of ten years, and are granted with an exercise price at least equal to the fair market value of the common stock on the date the options are granted. Generally, options granted to directors, officers, and employees of the Company vest over a five-year period, although the Compensation Committee has the authority to provide for different vesting schedules. We account for stock-based compensation in accordance with FASB Accounting Standards Codification Topic 718, Compensation – Stock Compensation, The weighted average fair value of the options issued during the three and nine months ended September 30, 2017 was $2.56. There were no options granted during the three or nine months ended September 30, 2016. The fair value of the options was calculated using the Black-Scholes-Merton option-pricing model with the following weighted average assumptions for the three and nine months ended September 30, 2017: Dividend yield 0.00 % Expected volatility 36.02 % Risk-free interest rate 1.76 % Expected lives 5.5 years Information regarding our stock-based compensation plan is as follows as of and for the nine months ended September 30: 2017 2016 Number Weighted- Weighted- Average Remaining Contractual Term (in years) Aggregate Number Weighted- Weighted- Average Remaining Contractual Term (in years) Aggregate Outstanding at beginning of period 339,500 $ 5.31 339,800 $ 4.83 Granted 20,000 7.10 - - Exercised (5,025 ) 3.37 - - Forfeited (16,000 ) 4.59 (54,500 ) 5.07 Outstanding at end of period 338,475 5.48 7.2 $ 526 285,300 4.79 8.2 $ 491 Exercisable at end of period 173,702 4.78 6.5 $ 398 136,125 4.37 7.0 $ 292 As of September 30, 2017, there was $520,000 of total unrecognized stock-based compensation expense related to nonvested stock options, which is expected to be recognized over the next 59 months.

Other Comprehensive Income

Other Comprehensive Income	9 Months Ended
	Sep. 30, 2017
Other Comprehensive Income [Abstract]
Other Comprehensive Income	Note 7 - Other Comprehensive Income The following table presents the changes in the components of accumulated other comprehensive loss for the three and nine months ended September 30, 2017: Three Months Nine Months (dollars in thousands) Balance at beginning of period $ 6 $ - Other comprehensive loss before reclassification (9 ) (3 ) Amounts reclassified from accumulated other comprehensive loss (1 ) (1 ) Net other comprehensive loss during period (10 ) (4 ) Balance at end of period $ (4 ) $ (4 ) We did not have any accumulated other comprehensive income or loss for the three or nine months ended September 30, 2016.

Fair Value of Financial Instrum

Fair Value of Financial Instruments	9 Months Ended
	Sep. 30, 2017
Fair Value of Financial Instruments [Abstract]
Fair Value of Financial Instruments	Note 8 - Fair Value of Financial Instruments A fair value hierarchy that prioritizes the inputs to valuation methods is used to measure fair value. The hierarchy gives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities (Level 1 measurements) and the lowest priority to unobservable inputs (Level 3 measurements). The three levels of the fair market hierarchy are as follows: Level 1: Unadjusted quoted prices in active markets that are accessible at the measurement date for identical, unrestricted assets, or liabilities. Level 2: Quoted prices in markets that are not active, or inputs that are observable either directly or indirectly, for substantially the full term of the asset or liability. Level 3: Prices or valuation techniques that require inputs that are both significant to the fair value measurement and unobservable (i.e. supported with little or no market activity). An asset or liability’s level within the fair value hierarchy is based on the lowest level of input that is significant to the fair value measurement. We record transfers between levels at the end of the reporting period in which the change in significant inputs occurs. Assets Measured on a Recurring Basis The following tables present fair value measurements for assets that are measured at fair value on a recurring basis as of and for the nine months ended September 30, 2017: Carrying Quoted Significant Significant Total Changes (dollars in thousands) AFS Securities - U.S. government agency notes $ 3,129 $ - $ 3,129 $ - $ - Loans held for sale ("LHFS") 4,871 - 4,871 - 139 Mortgage servicing rights ("MSRs") 473 - - 473 (84 ) Interest-rate lock commitments ("IRLCs") 42 - 42 - (120 ) Mandatory forward contracts 7 - 7 - (146 ) Best efforts forward contracts 6 - 6 - 6 The following tables present fair value measurements for assets that are measured at fair value on a recurring basis as of and for the year ended December 31, 2016: Carrying Quoted Significant Significant Total Changes (dollars in thousands) MSRs $ 557 $ - $ - $ 557 $ 66 IRLCs 162 - 162 - (21 ) Mandatory forward contracts 153 - 153 - 42 The following table provides additional quantitative information about assets measured at fair value on a recurring basis and for which we have utilized Level 3 inputs to determine fair value: Fair Value Valuation Unobservable Range (dollars in thousands) September 30, 2017: MSRs $ 473 Market Approach Weighted average prepayment speed 3.95 % December 31, 2016: MSRs $ 557 Market Approach Weighted average prepayment speed 3.95 % AFS Securities The estimated fair values of AFS debt securities are obtained from a nationally-recognized pricing service. This pricing service develops estimated fair values by analyzing like securities and applying available market information through processes such as benchmark curves, benchmarking of like securities, sector groupings, and matrix pricing, to prepare valuations. Matrix pricing is a mathematical technique widely used in the industry to value debt securities without relying exclusively on quoted prices for the specific securities, but rather by relying on the securities’ relationship to other benchmark quoted securities. The fair value measurements consider observable data that may include dealer quotes, market spreads, cash flows, the U.S. Treasury yield curve, live trading levels, trade execution data, market consensus prepayment speeds, credit information, and the bond’s terms and conditions, among other things, and are based on market data obtained from sources independent from the Bank. The Level 2 investments in the Bank’s portfolio are priced using those inputs that, based on the analysis prepared by the pricing service, reflect the assumptions that market participants would use to price the assets. The Bank has determined that the Level 2 designation is appropriate for these securities because, as with most fixed-income securities, those in the Bank’s portfolio are not exchange-traded, and such nonexchange-traded fixed income securities are typically priced by correlation to observed market data. LHFS At September 30, 2017, LHFS were carried at fair value, which is determined based on outstanding investor commitments or, in the absence of such commitments, on current investor yield requirements or third party pricing models. At December 31, 2016, LHFS were carried at the lower-of-cost or market value (“LCM”) utilizing the same method. MSRs The fair value of MSRs is determined using a valuation model administered by a third party that calculates the present value of estimated future net servicing income. The model incorporates assumptions that market participants use in estimating future net servicing income, including estimates of prepayment speeds, discount rate, default rates, cost to service (including delinquency and foreclosure costs), escrow account earnings, contractual servicing fee income, and other ancillary income such as late fees. Management reviews all significant assumptions on a monthly basis. Mortgage loan prepayment speed, a key assumption in the model, is the annual rate at which borrowers are forecasted to repay their mortgage loan principal. The discount rate used to determine the present value of estimated future net servicing income, another key assumption in the model, is an estimate of the required rate of return investors in the market would require for an asset with similar risk. Both assumptions can, and generally will, change as market conditions and interest rates change. IRLCs We utilize a third party specialist model to estimate the fair value of our IRLCs, which are valued based upon mandatory pricing quotes from correspondent lenders less estimated costs to process and settle the loan. Fair value is adjusted for the estimated probability of the loan closing with the borrower. Forward Contracts To avoid interest rate risk, we enter into best efforts forward sales commitments with investors at the time we make an IRLC to a borrower. Once a loan has been closed and funded, the best efforts commitments convert to mandatory forward sales commitments. The mandatory commitments are derivatives, and the bank measures and reports them at fair value. Fair value is based on the gain or loss that would occur if we were to pair-off the transaction with the investor at the measurement date. This is a level 2 input. We have elected to measure and report best efforts commitments at fair value using a valuation methodology similar to that used for our mandatory commitments. Assets Measured on a Nonrecurring Basis We may be required, from time to time, to measure certain other assets at fair value on a nonrecurring basis. These adjustments to fair value usually result from application of LCM accounting or write-downs of individual assets. For assets measured at fair value on a nonrecurring basis, the following tables provide the level of valuation assumptions used to determine each adjustment and the carrying value of assets: September 30, 2017 Carrying Quoted Significant Significant Range of Weighted (dollars in thousands) Impaired loans $ 1,597 $ - $ - $ 1,597 0% - 33 % 25.5 % Real estate acquired through foreclosure 691 - - 691 0% - 26 % 20.9 % December 31, 2016 Carrying Quoted Significant Significant Range of Weighted (dollars in thousands) Impaired loans $ 2,136 $ - $ - $ 2,136 0% - 2 % 2.0 % Real estate acquired through foreclosure 767 - - 767 0% - 10 % 10.0 % Impaired Loans Impaired loans are those for which we have measured impairment based on the present value of expected future cash flows or on the fair value of the loan’s collateral. Fair value is generally determined based upon independent third-party appraisals of the properties, or discounted cash flows based upon the expected proceeds. If it is determined that the repayment of the loan will be provided solely by the underlying collateral, and there are no other available and reliable sources of repayment, the loan is considered collateral dependent. Impaired loans that are considered collateral dependent are carried at the LCM. Collateral may be in the form of real estate or business assets including equipment, inventory, and/or accounts receivable. The use of independent appraisals and management’s best judgment are significant inputs in arriving at the fair value measure of the underlying collateral and impaired loans are therefore classified within level 3 of the fair value hierarchy. For such loans that are classified as impaired, an Allowance is established when the present value of the expected future cash flows of the impaired loan is lower than the carrying value of that loan. For such impaired loans that are classified as collateral dependent, an Allowance is established when the current market value of the underlying collateral less its estimated disposal costs has not been finalized, but management determines that it is likely that the value is lower than the carrying value of that loan. Once the net collateral value has been determined, a charge-off is taken for the difference between the net collateral value and the carrying value of the loan. Real Estate Acquired Through Foreclosure We record foreclosed real estate assets at the fair value less estimated selling costs on their acquisition dates and at the lower of such initial amount or estimated fair value less estimated selling costs thereafter. We generally obtain certified external appraisals of real estate acquired through foreclosure and estimate fair value using those appraisals. Other valuation sources may be used, including broker price opinions, letters of intent, and executed sale agreements. Fair Value of All Financial Instruments The carrying value and estimated fair value of all financial instruments are summarized in the following tables. The descriptions of the fair value calculations for AFS securities, LHFS, MSRs, IRLCs, best efforts forward contracts, mandatory forward contracts, impaired loans, and real estate acquired through foreclosure are included in the discussions above. September 30, 2017 Carrying Fair Value Value Level 1 Level 2 Level 3 Total Assets: (dollars in thousands) Cash and cash equivalents $ 41,635 $ 41,635 $ - $ - $ 41,635 AFS securities 3,129 - 3,129 - 3,129 HTM securities 58,764 8,102 50,857 - 58,959 LHFS 4,871 - 4,871 - 4,871 Loans receivable 643,028 - - 653,381 653,381 Restricted stock investments 4,699 - 4,699 - 4,699 Accrued interest receivable 2,503 - 2,503 - 2,503 MSRs 473 - - 473 473 IRLCs 42 - 42 - 42 Mandatory forward contracts 7 - 7 - 7 Best effort forward contracts 6 - 6 - 6 Liabilities: Deposits 593,492 - 586,594 - 586,594 Borrowings 93,450 - 87,909 - 87,909 Subordinated debentures 20,619 - - 20,619 20,619 Accrued interest payable 478 - 478 - 478 December 31, 2016 Carrying Fair Value Value Level 1 Level 2 Level 3 Total Assets: (dollars in thousands) Cash and cash equivalents $ 67,114 $ 67,114 $ - $ - $ 67,114 HTM securities 62,757 13,165 49,662 - 62,827 LHFS 10,307 - 10,313 - 10,313 Loans receivable 601,309 - - 602,953 602,953 Restricted stock investments 5,103 - 5,103 - 5,103 Accrued interest receivable 2,249 - 2,249 - 2,249 MSRs 557 - - 557 557 IRLCs 162 - 162 - 162 Mandatory forward contracts 153 - 153 - 153 Liabilities: Deposits 571,946 - 572,556 - 572,556 Borrowings 103,500 - 97,961 - 97,961 Subordinated debentures 20,619 - - 20,619 20,619 Accrued interest payable 538 - 538 - 538 At September 30, 2017 and December 31, 2016, the Bank had loan funding commitments of $97.6 Cash and Cash Equivalents The carrying amount reported in the consolidated statements of financial condition for cash and cash equivalents approximate those assets’ fair values. HTM securities The Company utilizes a third party source to determine the fair value of its securities. The methodology consists of pricing models based on asset class and includes available trade, bid, other market information, broker quotes, proprietary models, various databases, and trading desk quotes. U.S Treasury Securities are considered Level 1 and all of our other securities are considered Level 2. Loans Receivable The fair values of loans receivable were estimated using discounted cash flow analyses, using market interest rates currently being offered for loans with similar terms to borrowers of similar credit quality. These rates were used for each aggregated category of loans. Restricted Stock Investments The carrying value of restricted stock investments is a reasonable estimate of fair value as these investments do not have a readily available market. Deposits The fair values disclosed for demand deposit accounts, savings accounts, and money market accounts are, by definition, equal to the amount payable on demand at the reporting date (i.e., their carrying amounts). Fair values for fixed-rate certificates of deposit are estimated using a discounted cash flow calculation that applies market interest rates currently being offered in the market on certificates to a schedule of aggregated expected monthly maturities on time deposits. Borrowings Long-term and short-term borrowings were segmented into categories with similar financial characteristics. Carrying values were discounted using a cash flow approach based on market rates. Subordinated debentures Current economic conditions have rendered the market for this liability inactive. As such, the Company is unable to determine a good estimate of fair value. Since the rate paid on the debentures held is lower than what would be required to secure an interest in the same debt at year end and we are unable to obtain a current fair value, the Company has disclosed that the carrying value approximates the fair value. Limitations Fair value estimates are made at a specific point in time, based on relevant market information and information about financial instruments. These estimates do not reflect any premium or discount that could result from a one-time sale of our total holdings of a particular financial instrument. Because no market exists for a significant portion of our financial instruments, fair value estimates are based on judgments regarding future expected loss experience, current economic conditions, risk characteristics of various financial instruments, and other factors. These estimates are subjective in nature and involve uncertainties and matters of significant judgment and therefore cannot be determined with precision. Changes in assumptions could significantly affect estimates. The above information should not be interpreted as an estimate of the fair value of the Company since a fair value calculation is only provided for a limited portion of our assets and liabilities. Due to a wide range of valuation techniques and the degree of subjectivity used in making the estimates, comparisons between our disclosures and those of other companies may not be meaningful. There were no transfers between any of Levels 1, 2, and 3 for the nine months ended September 30, 2017 or 2016 or for the year ended December 31, 2016.

Summary of Significant Accoun17

Summary of Significant Accounting Policies (Policies)	9 Months Ended
	Sep. 30, 2017
Summary of Significant Accounting Policies [Abstract]
Basis of Presentation	Basis of Presentation The accounting and reporting policies of Severn Bancorp, Inc. and subsidiaries (the “Company”) conform to accounting principles generally accepted in the United States of America (“U.S.”) (“GAAP”) and prevailing practices within the financial services industry for interim financial information and Rule 8-01 of Regulation S-X. Accordingly, they do not include all of the information and notes required for complete financial statements and prevailing practices within the banking industry. In the opinion of management, all adjustments (comprising only of those of a normal recurring nature) necessary for a fair presentation of the results of operations for the interim periods presented have been made. The results of operations for the three and nine months ended September 30, 2017 are not necessarily indicative of the results that may be expected for the fiscal year ending December 31, 2017 or any other interim or future period. Events occurring after the date of the financial statements up to , the date the financial statements were available to be issued, were considered in the preparation of the consolidated financial statements. These statements should be read in conjunction with the financial statements and accompanying notes included in the Company’s 2016 Annual Report on Form 10-K as filed with the Securities and Exchange Commission (“SEC”).
Principles of Consolidation	Principles of Consolidation The unaudited consolidated financial statements include the accounts of Severn Bancorp, Inc., and its wholly-owned subsidiaries, Mid-Maryland Title Company, Inc., SBI Mortgage Company and SBI Mortgage Company’s subsidiary, Crownsville Development Corporation, and its subsidiary, Crownsville Holdings I, LLC, and Severn Savings Bank, FSB (the “Bank”), and the Bank’s subsidiaries, Louis Hyatt, Inc., Homeowners Title and Escrow Corporation, Severn Financial Services Corporation, SSB Realty Holdings, LLC, SSB Realty Holdings II, LLC, and HS West, LLC. All intercompany accounts and transactions have been eliminated in the accompanying consolidated financial statements.
Acquisition	Acquisition On September 1, 2017, we acquired Mid-Maryland Title Company, Inc. (the “Title Company”) by issuing stock in a business combination. We issued 108,084 shares in the transaction valued at $775,000. We recorded $759,000 in goodwill in the transaction. The acquisition continues our growth strategy and focus on being a full-service provider and complements the mortgage services, commercial banking services, and commercial real estate services we provide. The acquisition of the Title Company has not had a material effect on the Company’s financial condition or results of operations.
Use of Estimates	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 as of the date of the financial statements, and affect the reported amounts of revenues earned and expenses incurred during the reporting period. Actual results could differ from those estimates. Estimates that could change significantly relate to the provision for loan losses and the related allowance for loan losses (“Allowance”), determination of impaired loans and the related measurement of impairment, valuation of investment securities, valuation of real estate acquired through foreclosure, valuation of share-based compensation, the assessment that a liability should be recognized with respect to any matters under litigation, and the calculation of current and deferred income taxes and the realizability of net deferred tax assets.
Cash Flows	Cash Flows For purposes of reporting cash flows, cash and cash equivalents include cash and due from banks, federal funds sold, and interest-earning deposits with banks.
Reclassifications	Reclassifications Certain reclassifications have been made to amounts previously reported to conform to current period presentation.
Recent Accounting Pronouncements	Recent Accounting Pronouncements Pronouncements Adopted In March 2016, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) No. 2016-09, Stock Compensation: Improvements to Employee Share-Based Payment Accounting Pronouncements Issued In May 2014, FASB issued ASU No. 2014-09, Revenue from Contracts with Customers, Revenue from Contracts with Customers: Deferral of the Effective Date, , Revenue from Contracts with Customers: Principal Versus Agent Considerations (Reporting Revenue Gross Versus Net), , Revenue from Contracts with Customers, Identifying Performance Obligations and Licensing, , Revenue from Contracts with Customers: Narrow-Scope Improvements and Practical Expedients, , Technical Corrections and Improvements to Topic 606, Revenue form Contracts with Customers, In January 2016, FASB issued ASU No. 2016-01, Financial Instruments – Overall: Recognition and Measurement of Financial Assets and Financial Liabilities In February 2016, FASB issued ASU 2016-02, Leases In June 2016, FASB issued ASU No. 2016-13, Financial Instruments – Credit Losses In August 2016, FASB issued ASU No. 2016-15, Classification of Certain Cash Receipts and Cash Payments, In March 2017, FASB issued ASU No. 2017-08, Receivables - Nonrefundable Fees and Other costs,

Securities (Tables)

Securities (Tables)	9 Months Ended
	Sep. 30, 2017
Securities [Abstract]
Amortized cost and fair value of investment securities AFS	The amortized cost and estimated fair values of our AFS securities portfolio were as follows as of September 30, 2017: Amortized Cost Unrealized Gains Unrealized Losses Estimated Fair Value (dollars in thousands) U.S. government agency notes $ 3,135 $ - $ 6 $ 3,129
Amortized cost and fair value of investment securities held to maturity	The amortized cost and estimated fair values of our held-to-maturity (“HTM”) securities portfolio were as follows: September 30, 2017 Amortized Cost Unrealized Gains Unrealized Losses Estimated Fair Value (dollars in thousands) U.S. Treasury securities $ 7,996 $ 106 $ - $ 8,102 U.S. government agency notes 19,008 137 43 19,102 Mortgage-backed securities 31,760 97 102 31,755 $ 58,764 $ 340 $ 145 $ 58,959 December 31, 2016 Amortized Unrealized Unrealized Estimated (dollars in thousands) U.S. Treasury securities $ 12,998 $ 167 $ - $ 13,165 U.S. government agency notes 20,027 133 54 20,106 Mortgage-backed securities 29,732 52 228 29,556 $ 62,757 $ 352 $ 282 $ 62,827
Schedule of temporary impairment losses	Gross unrealized losses and fair value by length of time that the individual HTM securities have been in an unrealized loss position at the dates indicated are presented in the following tables: September 30, 2017 Less than 12 months 12 months or more Total Estimated Unrealized Estimated Unrealized Estimated Unrealized (dollars in thousands) U.S. government agency notes $ 4,000 $ 2 $ 7,005 $ 41 $ 11,005 $ 43 Mortgage-backed securities 11,687 39 7,501 63 19,188 102 $ 15,687 $ 41 $ 14,506 $ 104 $ 30,193 $ 145 December 31, 2016 Less than 12 months 12 months or more Total Estimated Unrealized Estimated Unrealized Estimated Unrealized (dollars in thousands) U.S. government agency notes $ 5,002 $ 54 $ - $ - $ 5,002 $ 54 Mortgage-backed securities 23,457 228 - - 23,457 228 $ 28,459 $ 282 $ - $ - $ 28,459 $ 282
Amortized cost and estimated fair value of debt securities	Contractual maturities of debt securities at September 30, 2017 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. AFS Securities HTM Securities Amortized Estimated Amortized Estimated (dollars in thousands) Due in one year or less $ - $ - $ 10,009 $ 10,014 Due after one through five years 3,135 3,129 15,030 15,112 Due after five years through ten years - - 1,965 2,078 Mortgage-backed securities - - 31,760 31,755 $ 3,135 $ 3,129 $ 58,764 $ 58,959

Loans Receivable and Allowanc19

Loans Receivable and Allowance for Loan Losses (Tables)	9 Months Ended
	Sep. 30, 2017
Loans Receivable and Allowance for Loan Losses [Abstract]
Summary of loans receivable	Loans receivable are summarized as follows: September 30, 2017 December 31, 2016 (dollars in thousands) Residential mortgage $ 292,068 $ 260,603 Commercial 37,485 46,468 Commercial real estate 223,167 195,710 Construction, land acquisition, and development 84,164 90,102 Home equity/2nds 15,861 19,129 Consumer 1,118 1,210 Total loans receivable 653,863 613,222 Unearned loan fees (2,899 ) (2,944 ) Net loans receivable $ 650,964 $ 610,278
Changes in allowance for loan losses and recorded investment	The following tables present, by portfolio segment, the changes in the Allowance and the recorded investment in loans: Three Months Ended September 30, 2017 Residential Commercial Commercial Real Estate ADC Home Equity/ Consumer Total (dollars in thousands) Beginning Balance $ 3,403 $ 389 $ 2,571 $ 984 $ 367 $ 4 $ 7,718 Charge-offs - - - - - - - Recoveries 156 - 40 - 22 - 218 Net recoveries 156 - 40 - 22 - 218 (Reversal of) provision for loan losses (137 ) 53 (44 ) 158 (28 ) (2 ) - Ending Balance $ 3,422 $ 442 $ 2,567 $ 1,142 $ 361 $ 2 $ 7,936 Nine Months Ended September 30, 2017 (dollars in thousands) Beginning Balance $ 3,833 $ 478 $ 2,535 $ 1,390 $ 728 $ 5 $ 8,969 Charge-offs (707 ) - - - (98 ) - (805 ) Recoveries 295 - 100 - 27 - 422 Net (charge-offs) recoveries (412 ) - 100 - (71 ) - (383 ) Provision for (reversal of) loan losses 1 (36 ) (68 ) (248 ) (296 ) (3 ) (650 ) Ending Balance $ 3,422 $ 442 $ 2,567 $ 1,142 $ 361 $ 2 $ 7,936 Ending balance - individually evaluated for impairment $ 1,544 $ - $ 186 $ 50 $ - $ 2 $ 1,782 Ending balance - collectively evaluated for impairment 1,878 442 2,381 1,092 361 - 6,154 $ 3,422 $ 442 $ 2,567 $ 1,142 $ 361 $ 2 $ 7,936 Ending loan balance - individually evaluated for impairment $ 20,379 $ - $ 3,419 $ 1,003 $ - $ 87 $ 24,888 Ending loan balance - collectively evaluated for impairment 268,790 37,485 219,748 83,161 15,861 1,031 626,076 $ 289,169 $ 37,485 $ 223,167 $ 84,164 $ 15,861 $ 1,118 $ 650,964 December 31, 2016 Residential Mortgage Commercial Commercial Real Estate ADC Home Equity/ Consumer Total (dollars in thousands) Ending Allowance balance - individually evaluated for impairment $ 1,703 $ 15 $ 196 $ 53 $ 402 $ 4 $ 2,373 Ending Allowance balance - collectively evaluated for impairment 2,130 463 2,339 1,337 326 1 6,596 $ 3,833 $ 478 $ 2,535 $ 1,390 $ 728 $ 5 $ 8,969 Ending loan balance - individually evaluated for impairment $ 20,403 $ 148 $ 5,656 $ 858 $ 3,137 $ 96 $ 30,298 Ending loan balance - collectively evaluated for impairment 237,256 46,320 190,054 89,244 15,992 1,114 579,980 $ 257,659 $ 46,468 $ 195,710 $ 90,102 $ 19,129 $ 1,210 $ 610,278 Three Months Ended September 30, 2016 Residential Mortgage Commercial Commercial ADC Home Equity/ Consumer Total (dollars in thousands) Beginning Balance $ 3,892 $ 752 $ 2,577 $ 983 $ 593 $ 7 $ 8,804 Charge-offs - - - (72 ) - - (72 ) Recoveries 137 10 4 - 2 50 203 Net recoveries (charge-offs) 137 10 4 (72 ) 2 50 131 (Reversal of) provision for loan losses (161 ) (63 ) (189 ) 289 226 (52 ) 50 Ending Balance $ 3,868 $ 699 $ 2,392 $ 1,200 $ 821 $ 5 $ 8,985 Nine Months Ended September 30, 2016 (dollars in thousands) Beginning Balance $ 4,188 $ 291 $ 2,792 $ 956 $ 528 $ 3 $ 8,758 Charge-offs (151 ) (17 ) (178 ) (72 ) (28 ) - (446 ) Recoveries 322 43 4 100 4 50 523 Net recoveries (charge-offs) 171 26 (174 ) 28 (24 ) 50 77 (Reversal of) provision for loan losses (491 ) 382 (226 ) 216 317 (48 ) 150 Ending Balance $ 3,868 $ 699 $ 2,392 $ 1,200 $ 821 $ 5 $ 8,985 Ending balance - individually evaluated for impairment $ 1,583 $ 15 $ 200 $ 55 $ 402 $ 4 $ 2,259 Ending balance - collectively evaluated for impairment 2,285 684 2,192 1,145 419 1 6,726 $ 3,868 $ 699 $ 2,392 $ 1,200 $ 821 $ 5 $ 8,985 Ending loan balance - individually evaluated for impairment $ 22,521 $ 495 $ 5,696 $ 1,446 $ 3,519 $ 100 $ 33,777 Ending loan balance - collectively evaluated for impairment 246,375 41,864 193,219 79,894 16,220 1,109 578,681 $ 268,896 $ 42,359 $ 198,915 $ 81,340 $ 19,739 $ 1,209 $ 612,458
Credit quality breakdown of loan portfolio by class	The following tables present the credit quality breakdown of our loan portfolio by class: September 30, 2017 Pass Special Mention Substandard Total (dollars in thousands) Residential mortgage $ 281,954 $ 1,397 $ 5,818 $ 289,169 Commercial 37,299 50 136 37,485 Commercial real estate 216,373 4,668 2,126 223,167 ADC 82,958 - 1,206 84,164 Home equity/2nds 14,531 471 859 15,861 Consumer 1,118 - - 1,118 $ 634,233 $ 6,586 $ 10,145 $ 650,964 December 31, 2016 Pass Special Substandard Total (dollars in thousands) Residential mortgage $ 248,819 $ 4,316 $ 4,524 $ 257,659 Commercial 46,011 204 253 46,468 Commercial real estate 184,820 7,420 3,470 195,710 ADC 89,324 - 778 90,102 Home equity/2nds 16,056 472 2,601 19,129 Consumer 1,210 - - 1,210 $ 586,240 $ 12,412 $ 11,626 $ 610,278
Classes of the loan portfolio summarized by the aging categories of performing loans and nonaccrual loans	The following tables present the classes of the loan portfolio summarized by the aging categories of performing loans and nonaccrual loans: September 30, 2017 30-59 Days Past Due 60-89 Days Past Due 90+ Days Past Due Total Past Due Current Total Non- Accrual (dollars in thousands) Residential mortgage $ 1,173 $ 1,216 $ 2,364 $ 4,753 $ 284,416 $ 289,169 $ 4,531 Commercial - - - - 37,485 37,485 84 Commercial real estate - 478 - 478 222,689 223,167 160 ADC - - 239 239 83,925 84,164 318 Home equity/2nds - - 458 458 15,403 15,861 1,284 Consumer - - - - 1,118 1,118 - $ 1,173 $ 1,694 $ 3,061 $ 5,928 $ 645,036 $ 650,964 $ 6,377 December 31, 2016 30-59 Days Past Due 60-89 Days Past Due 90+ Days Past Due Total Past Due Current Total Non- (dollars in thousands) Residential mortgage $ 1,472 $ 2,074 $ 964 $ 4,510 $ 253,149 $ 257,659 $ 3,580 Commercial - - - - 46,468 46,468 151 Commercial real estate - 171 515 686 195,024 195,710 2,938 ADC 106 - 6 112 89,990 90,102 269 Home equity/2nds 34 - 2,174 2,208 16,921 19,129 2,914 Consumer 4 - - 4 1,206 1,210 - $ 1,616 $ 2,245 $ 3,659 $ 7,520 $ 602,758 $ 610,278 $ 9,852
Summary of Impaired loans	The following tables summarize impaired loans: September 30, 2017 December 31, 2016 Unpaid Principal Balance Recorded Investment Related Allowance Unpaid Principal Balance Recorded Investment Related Allowance With no related Allowance: (dollars in thousands) Residential mortgage $ 12,856 $ 11,306 $ - $ 9,854 $ 9,338 $ - Commercial - - - - - - Commercial real estate 1,576 1,527 - 3,900 3,698 - ADC 636 636 - 441 441 - Home equity/2nds - - - 2,139 1,529 - Consumer - - - - - - With a related Allowance: Residential mortgage 9,306 9,073 1,544 11,176 11,065 1,703 Commercial - - - 148 148 15 Commercial real estate 1,892 1,892 186 1,958 1,958 196 ADC 402 367 50 417 417 53 Home equity/2nds - - - 1,608 1,608 402 Consumer 87 87 2 96 96 4 Totals: Residential mortgage 22,162 20,379 1,544 21,030 20,403 1,703 Commercial - - - 148 148 15 Commercial real estate 3,468 3,419 186 5,858 5,656 196 ADC 1,038 1,003 50 858 858 53 Home equity/2nds - - - 3,747 3,137 402 Consumer 87 87 2 96 96 4 Three Months Ended September 30, Nine Months Ended September 30, 2017 2016 2017 2016 Average Recorded Investment Interest Income Recognized Average Recorded Investment Interest Income Recognized Average Recorded Investment Interest Income Recognized Average Recorded Investment Interest Income Recognized With no related Allowance: (dollars in thousands) Residential mortgage $ 10,423 $ 138 $ 12,734 $ 132 $ 9,696 $ 353 $ 13,774 $ 417 Commercial - - 274 2 - - 150 3 Commercial real estate 1,531 22 3,730 57 2,652 69 4,655 134 ADC 637 9 1,031 9 487 21 1,431 36 Home equity/2nds 918 15 1,911 18 679 40 1,991 59 Consumer - - - - - - 23 - With a related Allowance: Residential mortgage 8,910 116 9,831 106 9,231 286 10,684 356 Commercial - - 149 2 37 - 182 7 Commercial real estate 1,896 23 1,977 25 1,919 73 2,040 77 ADC 369 6 426 6 385 16 513 20 Home equity/2nds 180 - 1,078 6 715 - 370 7 Consumer 88 1 102 1 91 2 73 2 Totals: Residential mortgage 19,333 254 22,565 238 18,927 639 24,458 773 Commercial - - 423 4 37 - 332 10 Commercial real estate 3,427 45 5,707 82 4,571 142 6,695 211 ADC 1,006 15 1,457 15 872 37 1,944 56 Home equity/2nds 1,098 15 2,989 24 1,394 40 2,361 66 Consumer 88 1 102 1 91 2 96 2
Loans modified as TDRs	The following table presents loans that were modified during the nine months ended September 30: 2017 2016 Number of Modifications Recorded Investment Prior to Modification Recorded Investment After Modification Number of Modifications Recorded Investment Prior to Modification Recorded Investment After Modification (dollars in thousands) Residential Mortgage 3 $ 624 $ 624 - $ - $ - 3 $ 624 $ 624 Interest on our portfolio of TDRs was accounted for under the following methods: September 30, 2017 Number of Accrual Number of Nonaccrual Total Total (dollars in thousands) Residential mortgage 43 $ 13,086 4 $ 2,285 47 $ 15,371 Commercial real estate 3 1,875 1 84 4 1,959 ADC 1 138 1 6 2 144 Home equity/2nds 1 230 - - 1 230 Consumer 4 87 - - 4 87 52 $ 15,416 6 $ 2,375 58 $ 17,791 December 31, 2016 Number of Accrual Number of Nonaccrual Total Total (dollars in thousands) Residential mortgage 48 $ 15,886 4 $ 2,137 52 $ 18,023 Commercial real estate 3 1,914 2 249 5 2,163 ADC 2 170 1 6 3 176 Consumer 5 96 - - 5 96 58 $ 18,066 7 $ 2,392 65 $ 20,458
Contract amounts for off-balance sheet instruments	The following table shows the contract amounts for our off-balance sheet instruments: September 30, 2017 December 31, (dollars in thousands) Standby letters of credit $ 3,854 $ 4,022 Home equity lines of credit 12,425 7,736 Unadvanced construction commitments 72,045 15,728 Mortgage loan commitments - 574 Lines of credit 13,092 34,125 Loans sold and serviced with limited repurchase provisions 19,979 70,773

Regulatory Matters (Tables)

Regulatory Matters (Tables)	9 Months Ended
	Sep. 30, 2017
Regulatory Matters [Abstract]
Bank's actual capital amounts and ratios	The Bank’s regulatory capital amounts and ratios were as follows: Actual Minimum Minimum To be Well Amount Ratio Amount Ratio Amount Ratio Amount Ratio September 30, 2017 (dollars in thousands) Common Equity Tier 1 Capital (to risk-weighted assets) $ 104,318 16.8 % $ 27,907 4.5 % $ 35,658 5.8 % $ 40,309 6.5 % Total capital (to risk-weighted assets) 112,086 18.1 % 49,612 8.0 % 57,363 9.3 % 62,015 10.0 % Tier 1 capital (to risk-weighted assets) 104,318 16.8 % 37,209 6.0 % 44,961 7.3 % 49,612 8.0 % Tier 1 capital (to average quarterly assets) 104,318 13.3 % 31,313 4.0 % 41,099 5.3 % 39,142 5.0 % December 31, 2016 Common Equity Tier 1 Capital (to risk-weighted assets) $ 98,970 16.5 % $ 26,983 4.5 % $ 30,730 5.1 % $ 38,975 6.5 % Total capital (to risk-weighted assets) 106,517 17.8 % 47,969 8.0 % 51,717 8.6 % 59,962 10.0 % Tier 1 capital (to risk-weighted assets) 98,970 16.5 % 35,977 6.0 % 39,725 6.6 % 47,969 8.0 % Tier 1 capital (to average quarterly assets) 98,970 12.9 % 30,634 4.0 % 35,420 4.6 % 38,292 5.0 %

Earnings Per Share (Tables)

Earnings Per Share (Tables)	9 Months Ended
	Sep. 30, 2017
Earnings Per Share [Abstract]
Earnings per share reconciliation	Information relating to the calculations of our income per common share is summarized as follows: Three Months Ended September 30, Nine Months Ended September 30, 2017 2016 2017 2016 (dollars in thousands, except for per share data) Weighted-average shares outstanding - basic 12,172,586 12,104,379 12,140,689 11,324,660 Dilution 150,986 79,360 107,525 51,193 Weighted-average share outstanding - diluted 12,323,572 12,183,739 12,248,214 11,375,853 Net income available to common stockholders $ 1,121 $ 539 $ 2,753 $ 12,864 Net income per share - basic $ 0.09 $ 0.04 $ 0.23 $ 1.14 Net income per share - diluted $ 0.09 $ 0.04 $ 0.22 $ 1.13

Stock-Based Compensation (Table

Stock-Based Compensation (Tables)	9 Months Ended
	Sep. 30, 2017
Stock-Based Compensation [Abstract]
Stock options valuation assumptions	The fair value of the options was calculated using the Black-Scholes-Merton option-pricing model with the following weighted average assumptions for the three and nine months ended September 30, 2017: Dividend yield 0.00 % Expected volatility 36.02 % Risk-free interest rate 1.76 % Expected lives 5.5 years
Information regarding stock option plan	Information regarding our stock-based compensation plan is as follows as of and for the nine months ended September 30: 2017 2016 Number Weighted- Weighted- Average Remaining Contractual Term (in years) Aggregate Number Weighted- Weighted- Average Remaining Contractual Term (in years) Aggregate Outstanding at beginning of period 339,500 $ 5.31 339,800 $ 4.83 Granted 20,000 7.10 - - Exercised (5,025 ) 3.37 - - Forfeited (16,000 ) 4.59 (54,500 ) 5.07 Outstanding at end of period 338,475 5.48 7.2 $ 526 285,300 4.79 8.2 $ 491 Exercisable at end of period 173,702 4.78 6.5 $ 398 136,125 4.37 7.0 $ 292

Other Comprehensive Income (Tab

Other Comprehensive Income (Tables)	9 Months Ended
	Sep. 30, 2017
Other Comprehensive Income [Abstract]
Components of accumulated other comprehensive income	The following table presents the changes in the components of accumulated other comprehensive loss for the three and nine months ended September 30, 2017: Three Months Nine Months (dollars in thousands) Balance at beginning of period $ 6 $ - Other comprehensive loss before reclassification (9 ) (3 ) Amounts reclassified from accumulated other comprehensive loss (1 ) (1 ) Net other comprehensive loss during period (10 ) (4 ) Balance at end of period $ (4 ) $ (4 )

Fair Value of Financial Instr24

Fair Value of Financial Instruments (Tables)	9 Months Ended
	Sep. 30, 2017
Fair Value of Financial Instruments [Abstract]
Fair value measurements for assets on a recurring basis	The following tables present fair value measurements for assets that are measured at fair value on a recurring basis as of and for the nine months ended September 30, 2017: Carrying Quoted Significant Significant Total Changes (dollars in thousands) AFS Securities - U.S. government agency notes $ 3,129 $ - $ 3,129 $ - $ - Loans held for sale ("LHFS") 4,871 - 4,871 - 139 Mortgage servicing rights ("MSRs") 473 - - 473 (84 ) Interest-rate lock commitments ("IRLCs") 42 - 42 - (120 ) Mandatory forward contracts 7 - 7 - (146 ) Best efforts forward contracts 6 - 6 - 6 The following tables present fair value measurements for assets that are measured at fair value on a recurring basis as of and for the year ended December 31, 2016: Carrying Quoted Significant Significant Total Changes (dollars in thousands) MSRs $ 557 $ - $ - $ 557 $ 66 IRLCs 162 - 162 - (21 ) Mandatory forward contracts 153 - 153 - 42
Assets measured at fair value on a recurring and nonrecurring basis utilizing level 3 input	The following table provides additional quantitative information about assets measured at fair value on a recurring basis and for which we have utilized Level 3 inputs to determine fair value: Fair Value Valuation Unobservable Range (dollars in thousands) September 30, 2017: MSRs $ 473 Market Approach Weighted average prepayment speed 3.95 % December 31, 2016: MSRs $ 557 Market Approach Weighted average prepayment speed 3.95 % For assets measured at fair value on a nonrecurring basis, the following tables provide the level of valuation assumptions used to determine each adjustment and the carrying value of assets: September 30, 2017 Carrying Quoted Significant Significant Range of Weighted (dollars in thousands) Impaired loans $ 1,597 $ - $ - $ 1,597 0% - 33 % 25.5 % Real estate acquired through foreclosure 691 - - 691 0% - 26 % 20.9 % December 31, 2016 Carrying Quoted Significant Significant Range of Weighted (dollars in thousands) Impaired loans $ 2,136 $ - $ - $ 2,136 0% - 2 % 2.0 % Real estate acquired through foreclosure 767 - - 767 0% - 10 % 10.0 %
Estimated fair values of financial instruments	The carrying value and estimated fair value of all financial instruments are summarized in the following tables. The descriptions of the fair value calculations for AFS securities, LHFS, MSRs, IRLCs, best efforts forward contracts, mandatory forward contracts, impaired loans, and real estate acquired through foreclosure are included in the discussions above. September 30, 2017 Carrying Fair Value Value Level 1 Level 2 Level 3 Total Assets: (dollars in thousands) Cash and cash equivalents $ 41,635 $ 41,635 $ - $ - $ 41,635 AFS securities 3,129 - 3,129 - 3,129 HTM securities 58,764 8,102 50,857 - 58,959 LHFS 4,871 - 4,871 - 4,871 Loans receivable 643,028 - - 653,381 653,381 Restricted stock investments 4,699 - 4,699 - 4,699 Accrued interest receivable 2,503 - 2,503 - 2,503 MSRs 473 - - 473 473 IRLCs 42 - 42 - 42 Mandatory forward contracts 7 - 7 - 7 Best effort forward contracts 6 - 6 - 6 Liabilities: Deposits 593,492 - 586,594 - 586,594 Borrowings 93,450 - 87,909 - 87,909 Subordinated debentures 20,619 - - 20,619 20,619 Accrued interest payable 478 - 478 - 478 December 31, 2016 Carrying Fair Value Value Level 1 Level 2 Level 3 Total Assets: (dollars in thousands) Cash and cash equivalents $ 67,114 $ 67,114 $ - $ - $ 67,114 HTM securities 62,757 13,165 49,662 - 62,827 LHFS 10,307 - 10,313 - 10,313 Loans receivable 601,309 - - 602,953 602,953 Restricted stock investments 5,103 - 5,103 - 5,103 Accrued interest receivable 2,249 - 2,249 - 2,249 MSRs 557 - - 557 557 IRLCs 162 - 162 - 162 Mandatory forward contracts 153 - 153 - 153 Liabilities: Deposits 571,946 - 572,556 - 572,556 Borrowings 103,500 - 97,961 - 97,961 Subordinated debentures 20,619 - - 20,619 20,619 Accrued interest payable 538 - 538 - 538

Summary of Significant Accoun25

Summary of Significant Accounting Policies (Details) - USD ($)	Sep. 01, 2017	Sep. 30, 2017
Business Acquisition [Line Items]
Value of shares issued in acquisition		$ 775,000
Mid-Maryland Title Company [Member]
Business Acquisition [Line Items]
Stock issued in a business combination (in shares)	108,084
Value of shares issued in acquisition	$ 775,000
Goodwill	$ 759,000

Securities (Details)

Securities (Details) $ in Thousands	3 Months Ended	9 Months Ended
	Sep. 30, 2017USD ($)Security	Sep. 30, 2017USD ($)Security	Sep. 30, 2016USD ($)	Dec. 31, 2016USD ($)
Amortized cost and fair value of investment securities Available-for-sale [Abstract]
Amortized Cost	$ 3,135	$ 3,135
AFS Securities	3,129	3,129		$ 0
Amortized cost and fair value of investment securities held to maturity [Abstract]
Amortized Cost	58,764	58,764		62,757
Unrealized Gains	340	340		352
Unrealized Losses	145	145		282
Fair Value	58,959	58,959		62,827
Fair Value [Abstract]
Less than 12 Months, Estimated Fair Value	15,687	15,687		28,459
12 Months or More, Estimated Fair Value	14,506	14,506		0
Total, Estimated Fair Value	30,193	30,193		28,459
Unrealized Losses [Abstract]
Less than 12 Months, Unrealized Losses	41	41		282
12 Months or More, Unrealized Losses	104	104		0
Total, Unrealized Losses	$ 145	$ 145		282
AFS securities, Number of securities in continuous unrealized loss position less than twelve months | Security	3	3
AFS securities, amount of largest loss recorded in one security	$ 3	$ 3
HTM securities, Number of securities in continuous unrealized loss position | Security	21	21
HTM securities, Amount of largest loss recorded in one security	$ 29	$ 29
Amortized Cost [Abstract]
Due in one year or less	0	0
Due after one through five years	3,135	3,135
Due after five years through ten years	0	0
Mortgage-backed securities	0	0
Amortized Cost	3,135	3,135
Estimated Fair Value [Abstract]
Due in one year or less	0	0
Due after one through five years	3,129	3,129
Due after five years through ten years	0	0
Mortgage-backed securities	0	0
Fair Value	3,129	3,129		0
Amortized Cost [Abstract]
Due in one year or less	10,009	10,009
Due after one through five years	15,030	15,030
Due after five years through ten years	1,965	1,965
Mortgage-backed securities	31,760	31,760
Amortized Cost	58,764	58,764		62,757
Estimated Fair Value [Abstract]
Due in one year or less	10,014	10,014
Due after one through five years	15,112	15,112
Due after five years through ten years	2,078	2,078
Mortgage-backed securities	31,755	31,755
Fair Value	58,959	58,959		62,827
Gross gain (loss) on the sale of securities	4	(2)	$ 0
U.S. Treasury Securities [Member]
Amortized cost and fair value of investment securities held to maturity [Abstract]
Amortized Cost	7,996	7,996		12,998
Unrealized Gains	106	106		167
Unrealized Losses	0	0		0
Fair Value	8,102	8,102		13,165
Amortized Cost [Abstract]
Amortized Cost	7,996	7,996		12,998
Estimated Fair Value [Abstract]
Fair Value	8,102	8,102		13,165
U.S. Government Agency Notes [Member]
Amortized cost and fair value of investment securities Available-for-sale [Abstract]
Amortized Cost	3,135	3,135
Unrealized Gains	0	0
Unrealized Losses	6	6
AFS Securities	3,129	3,129
Amortized cost and fair value of investment securities held to maturity [Abstract]
Amortized Cost	19,008	19,008		20,027
Unrealized Gains	137	137		133
Unrealized Losses	43	43		54
Fair Value	19,102	19,102		20,106
Fair Value [Abstract]
Less than 12 Months, Estimated Fair Value	4,000	4,000		5,002
12 Months or More, Estimated Fair Value	7,005	7,005		0
Total, Estimated Fair Value	11,005	11,005		5,002
Unrealized Losses [Abstract]
Less than 12 Months, Unrealized Losses	2	2		54
12 Months or More, Unrealized Losses	41	41		0
Total, Unrealized Losses	43	43		54
Amortized Cost [Abstract]
Amortized Cost	3,135	3,135
Estimated Fair Value [Abstract]
Fair Value	3,129	3,129
Amortized Cost [Abstract]
Amortized Cost	19,008	19,008		20,027
Estimated Fair Value [Abstract]
Fair Value	19,102	19,102		20,106
Mortgage-backed Securities [Member]
Amortized cost and fair value of investment securities held to maturity [Abstract]
Amortized Cost	31,760	31,760		29,732
Unrealized Gains	97	97		52
Unrealized Losses	102	102		228
Fair Value	31,755	31,755		29,556
Fair Value [Abstract]
Less than 12 Months, Estimated Fair Value	11,687	11,687		23,457
12 Months or More, Estimated Fair Value	7,501	7,501		0
Total, Estimated Fair Value	19,188	19,188		23,457
Unrealized Losses [Abstract]
Less than 12 Months, Unrealized Losses	39	39		228
12 Months or More, Unrealized Losses	63	63		0
Total, Unrealized Losses	102	102		228
Amortized Cost [Abstract]
Amortized Cost	31,760	31,760		29,732
Estimated Fair Value [Abstract]
Fair Value	$ 31,755	$ 31,755		$ 29,556

Loans Receivable and Allowanc27

Loans Receivable and Allowance for Loan Losses, Summary of Loans Receivable (Details) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2017	Dec. 31, 2016	Sep. 30, 2016
Summary of loans receivable [Abstract]
Total loans receivable	$ 653,863	$ 613,222
Unearned loan fees	(2,899)	(2,944)
Net loans receivable	650,964	610,278	$ 612,458
Loans pledged as collateral	$ 210,400
Past due period after which accrual of interest on loans is discontinued	90 days
Nonaccrual period of loan considered to be impaired	90 days
Term of historical loss, net charge-off history	4 years
Residential Mortgage [Member]
Summary of loans receivable [Abstract]
Total loans receivable	$ 292,068	260,603
Net loans receivable	$ 289,169	257,659	268,896
Loan to value ratio	80.00%
Commercial [Member]
Summary of loans receivable [Abstract]
Total loans receivable	$ 37,485	46,468
Net loans receivable	37,485	46,468	42,359
Commercial Real Estate [Member]
Summary of loans receivable [Abstract]
Total loans receivable	223,167	195,710
Net loans receivable	223,167	195,710	198,915
Construction, Land Acquisition and Development [Member]
Summary of loans receivable [Abstract]
Total loans receivable	84,164	90,102
Net loans receivable	84,164	90,102	81,340
Home Equity/2nds[Member]
Summary of loans receivable [Abstract]
Total loans receivable	15,861	19,129
Net loans receivable	15,861	19,129	19,739
Consumer [Member]
Summary of loans receivable [Abstract]
Total loans receivable	1,118	1,210
Net loans receivable	$ 1,118	$ 1,210	$ 1,209

Loans Receivable and Allowanc28

Loans Receivable and Allowance for Loan Losses, Changes in Allowance for Loan Losses and Recorded Investment(Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2017	Sep. 30, 2016	Sep. 30, 2017	Sep. 30, 2016	Sep. 30, 2017	Dec. 31, 2016	Sep. 30, 2016
Allowance for Loan losses [Roll Forward]
Beginning Balance	$ 7,718	$ 8,804	$ 8,969	$ 8,758
Charge-offs	0	(72)	(805)	(446)
Recoveries	218	203	422	523
Net (charge-offs) recoveries	218	131	(383)	77
Provision for (reversal of) loan losses	0	50	(650)	150
Ending Balance	7,936	8,985	7,936	8,985
Ending balance - individually evaluated for impairment					$ 1,782	$ 2,373	$ 2,259
Ending balance - collectively evaluated for impairment					6,154	6,596	6,726
Ending balance	7,936	8,804	7,936	8,758	7,936	8,969	8,985
Ending loan balance - individually evaluated for impairment					24,888	30,298	33,777
Ending loan balance - collectively evaluated for impairment					626,076	579,980	578,681
Ending loan balance					650,964	610,278	612,458
Residential Mortgage [Member]
Allowance for Loan losses [Roll Forward]
Beginning Balance	3,403	3,892	3,833	4,188
Charge-offs	0	0	(707)	(151)
Recoveries	156	137	295	322
Net (charge-offs) recoveries	156	137	(412)	171
Provision for (reversal of) loan losses	(137)	(161)	1	(491)
Ending Balance	3,422	3,868	3,422	3,868
Ending balance - individually evaluated for impairment					1,544	1,703	1,583
Ending balance - collectively evaluated for impairment					1,878	2,130	2,285
Ending balance	3,403	3,892	3,833	4,188	3,422	3,833	3,868
Ending loan balance - individually evaluated for impairment					20,379	20,403	22,521
Ending loan balance - collectively evaluated for impairment					268,790	237,256	246,375
Ending loan balance					289,169	257,659	268,896
Commercial [Member]
Allowance for Loan losses [Roll Forward]
Beginning Balance	389	752	478	291
Charge-offs	0	0	0	(17)
Recoveries	0	10	0	43
Net (charge-offs) recoveries	0	10	0	26
Provision for (reversal of) loan losses	53	(63)	(36)	382
Ending Balance	442	699	442	699
Ending balance - individually evaluated for impairment					0	15	15
Ending balance - collectively evaluated for impairment					442	463	684
Ending balance	389	752	478	291	442	478	699
Ending loan balance - individually evaluated for impairment					0	148	495
Ending loan balance - collectively evaluated for impairment					37,485	46,320	41,864
Ending loan balance					37,485	46,468	42,359
Commercial Real Estate [Member]
Allowance for Loan losses [Roll Forward]
Beginning Balance	2,571	2,577	2,535	2,792
Charge-offs	0	0	0	(178)
Recoveries	40	4	100	4
Net (charge-offs) recoveries	40	4	100	(174)
Provision for (reversal of) loan losses	(44)	(189)	(68)	(226)
Ending Balance	2,567	2,392	2,567	2,392
Ending balance - individually evaluated for impairment					186	196	200
Ending balance - collectively evaluated for impairment					2,381	2,339	2,192
Ending balance	2,571	2,577	2,535	2,792	2,567	2,535	2,392
Ending loan balance - individually evaluated for impairment					3,419	5,656	5,696
Ending loan balance - collectively evaluated for impairment					219,748	190,054	193,219
Ending loan balance					223,167	195,710	198,915
ADC [Member]
Allowance for Loan losses [Roll Forward]
Beginning Balance	984	983	1,390	956
Charge-offs	0	(72)	0	(72)
Recoveries	0	0	0	100
Net (charge-offs) recoveries	0	(72)	0	28
Provision for (reversal of) loan losses	158	289	(248)	216
Ending Balance	1,142	1,200	1,142	1,200
Ending balance - individually evaluated for impairment					50	53	55
Ending balance - collectively evaluated for impairment					1,092	1,337	1,145
Ending balance	984	983	1,390	956	1,142	1,390	1,200
Ending loan balance - individually evaluated for impairment					1,003	858	1,446
Ending loan balance - collectively evaluated for impairment					83,161	89,244	79,894
Ending loan balance					84,164	90,102	81,340
Home Equity/2nds[Member]
Allowance for Loan losses [Roll Forward]
Beginning Balance	367	593	728	528
Charge-offs	0	0	(98)	(28)
Recoveries	22	2	27	4
Net (charge-offs) recoveries	22	2	(71)	(24)
Provision for (reversal of) loan losses	(28)	226	(296)	317
Ending Balance	361	821	361	821
Ending balance - individually evaluated for impairment					0	402	402
Ending balance - collectively evaluated for impairment					361	326	419
Ending balance	367	593	728	528	361	728	821
Ending loan balance - individually evaluated for impairment					0	3,137	3,519
Ending loan balance - collectively evaluated for impairment					15,861	15,992	16,220
Ending loan balance					15,861	19,129	19,739
Consumer [Member]
Allowance for Loan losses [Roll Forward]
Beginning Balance	4	7	5	3
Charge-offs	0	0	0	0
Recoveries	0	50	0	50
Net (charge-offs) recoveries	0	50	0	50
Provision for (reversal of) loan losses	(2)	(52)	(3)	(48)
Ending Balance	2	5	2	5
Ending balance - individually evaluated for impairment					2	4	4
Ending balance - collectively evaluated for impairment					0	1	1
Ending balance	$ 4	$ 7	$ 5	$ 3	2	5	5
Ending loan balance - individually evaluated for impairment					87	96	100
Ending loan balance - collectively evaluated for impairment					1,031	1,114	1,109
Ending loan balance					$ 1,118	$ 1,210	$ 1,209

Loans Receivable and Allowanc29

Loans Receivable and Allowance for Loan Losses, Credit Quality Breakdown of Loan Portfolio by Class (Details) - USD ($) $ in Thousands	Sep. 30, 2017	Dec. 31, 2016	Sep. 30, 2016
Financing Receivable, Recorded Investment [Line Items]
Total loans	$ 650,964	$ 610,278	$ 612,458
Pass [Member]
Financing Receivable, Recorded Investment [Line Items]
Total loans	634,233	586,240
Special Mention [Member]
Financing Receivable, Recorded Investment [Line Items]
Total loans	6,586	12,412
Substandard [Member]
Financing Receivable, Recorded Investment [Line Items]
Total loans	10,145	11,626
Residential Mortgage [Member]
Financing Receivable, Recorded Investment [Line Items]
Total loans	289,169	257,659	268,896
Residential Mortgage [Member] | Pass [Member]
Financing Receivable, Recorded Investment [Line Items]
Total loans	281,954	248,819
Residential Mortgage [Member] | Special Mention [Member]
Financing Receivable, Recorded Investment [Line Items]
Total loans	1,397	4,316
Residential Mortgage [Member] | Substandard [Member]
Financing Receivable, Recorded Investment [Line Items]
Total loans	5,818	4,524
Commercial [Member]
Financing Receivable, Recorded Investment [Line Items]
Total loans	37,485	46,468	42,359
Commercial [Member] | Pass [Member]
Financing Receivable, Recorded Investment [Line Items]
Total loans	37,299	46,011
Commercial [Member] | Special Mention [Member]
Financing Receivable, Recorded Investment [Line Items]
Total loans	50	204
Commercial [Member] | Substandard [Member]
Financing Receivable, Recorded Investment [Line Items]
Total loans	136	253
Commercial Real Estate [Member]
Financing Receivable, Recorded Investment [Line Items]
Total loans	223,167	195,710	198,915
Commercial Real Estate [Member] | Pass [Member]
Financing Receivable, Recorded Investment [Line Items]
Total loans	216,373	184,820
Commercial Real Estate [Member] | Special Mention [Member]
Financing Receivable, Recorded Investment [Line Items]
Total loans	4,668	7,420
Commercial Real Estate [Member] | Substandard [Member]
Financing Receivable, Recorded Investment [Line Items]
Total loans	2,126	3,470
ADC [Member]
Financing Receivable, Recorded Investment [Line Items]
Total loans	84,164	90,102	81,340
ADC [Member] | Pass [Member]
Financing Receivable, Recorded Investment [Line Items]
Total loans	82,958	89,324
ADC [Member] | Special Mention [Member]
Financing Receivable, Recorded Investment [Line Items]
Total loans	0	0
ADC [Member] | Substandard [Member]
Financing Receivable, Recorded Investment [Line Items]
Total loans	1,206	778
Home Equity/2nds[Member]
Financing Receivable, Recorded Investment [Line Items]
Total loans	15,861	19,129	19,739
Home Equity/2nds[Member] | Pass [Member]
Financing Receivable, Recorded Investment [Line Items]
Total loans	14,531	16,056
Home Equity/2nds[Member] | Special Mention [Member]
Financing Receivable, Recorded Investment [Line Items]
Total loans	471	472
Home Equity/2nds[Member] | Substandard [Member]
Financing Receivable, Recorded Investment [Line Items]
Total loans	859	2,601
Consumer [Member]
Financing Receivable, Recorded Investment [Line Items]
Total loans	1,118	1,210	$ 1,209
Consumer [Member] | Pass [Member]
Financing Receivable, Recorded Investment [Line Items]
Total loans	1,118	1,210
Consumer [Member] | Special Mention [Member]
Financing Receivable, Recorded Investment [Line Items]
Total loans	0	0
Consumer [Member] | Substandard [Member]
Financing Receivable, Recorded Investment [Line Items]
Total loans	$ 0	$ 0

Loans Receivable and Allowanc30

Loans Receivable and Allowance for Loan Losses, Classes of Loan Portfolio by Aging Categories of Performing and Nonaccrual Loans (Details) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2017	Sep. 30, 2016	Dec. 31, 2016
Classes of the loan portfolio summarized by the aging categories of performing loans and nonaccrual loans [Abstract]
Total past due	$ 5,928		$ 7,520
Current	645,036		602,758
Total loans	650,964	$ 612,458	610,278
Non-accrual	6,377		9,852
Loans in nonaccrual status	1,200	338
Actual interest income recorded on nonaccrual loans	403	130
30 to 59 Days Past Due [Member]
Classes of the loan portfolio summarized by the aging categories of performing loans and nonaccrual loans [Abstract]
Total past due	1,173		1,616
60 to 89 Days Past Due [Member]
Classes of the loan portfolio summarized by the aging categories of performing loans and nonaccrual loans [Abstract]
Total past due	1,694		2,245
90+ Days Past Due [Member]
Classes of the loan portfolio summarized by the aging categories of performing loans and nonaccrual loans [Abstract]
Total past due	3,061		3,659
Residential Mortgage [Member]
Classes of the loan portfolio summarized by the aging categories of performing loans and nonaccrual loans [Abstract]
Total past due	4,753		4,510
Current	284,416		253,149
Total loans	289,169	268,896	257,659
Non-accrual	4,531		3,580
Residential Mortgage [Member] | 30 to 59 Days Past Due [Member]
Classes of the loan portfolio summarized by the aging categories of performing loans and nonaccrual loans [Abstract]
Total past due	1,173		1,472
Residential Mortgage [Member] | 60 to 89 Days Past Due [Member]
Classes of the loan portfolio summarized by the aging categories of performing loans and nonaccrual loans [Abstract]
Total past due	1,216		2,074
Residential Mortgage [Member] | 90+ Days Past Due [Member]
Classes of the loan portfolio summarized by the aging categories of performing loans and nonaccrual loans [Abstract]
Total past due	2,364		964
Commercial [Member]
Classes of the loan portfolio summarized by the aging categories of performing loans and nonaccrual loans [Abstract]
Total past due	0		0
Current	37,485		46,468
Total loans	37,485	42,359	46,468
Non-accrual	84		151
Commercial [Member] | 30 to 59 Days Past Due [Member]
Classes of the loan portfolio summarized by the aging categories of performing loans and nonaccrual loans [Abstract]
Total past due	0		0
Commercial [Member] | 60 to 89 Days Past Due [Member]
Classes of the loan portfolio summarized by the aging categories of performing loans and nonaccrual loans [Abstract]
Total past due	0		0
Commercial [Member] | 90+ Days Past Due [Member]
Classes of the loan portfolio summarized by the aging categories of performing loans and nonaccrual loans [Abstract]
Total past due	0		0
Commercial Real Estate [Member]
Classes of the loan portfolio summarized by the aging categories of performing loans and nonaccrual loans [Abstract]
Total past due	478		686
Current	222,689		195,024
Total loans	223,167	198,915	195,710
Non-accrual	160		2,938
Commercial Real Estate [Member] | 30 to 59 Days Past Due [Member]
Classes of the loan portfolio summarized by the aging categories of performing loans and nonaccrual loans [Abstract]
Total past due	0		0
Commercial Real Estate [Member] | 60 to 89 Days Past Due [Member]
Classes of the loan portfolio summarized by the aging categories of performing loans and nonaccrual loans [Abstract]
Total past due	478		171
Commercial Real Estate [Member] | 90+ Days Past Due [Member]
Classes of the loan portfolio summarized by the aging categories of performing loans and nonaccrual loans [Abstract]
Total past due	0		515
ADC [Member]
Classes of the loan portfolio summarized by the aging categories of performing loans and nonaccrual loans [Abstract]
Total past due	239		112
Current	83,925		89,990
Total loans	84,164	81,340	90,102
Non-accrual	318		269
ADC [Member] | 30 to 59 Days Past Due [Member]
Classes of the loan portfolio summarized by the aging categories of performing loans and nonaccrual loans [Abstract]
Total past due	0		106
ADC [Member] | 60 to 89 Days Past Due [Member]
Classes of the loan portfolio summarized by the aging categories of performing loans and nonaccrual loans [Abstract]
Total past due	0		0
ADC [Member] | 90+ Days Past Due [Member]
Classes of the loan portfolio summarized by the aging categories of performing loans and nonaccrual loans [Abstract]
Total past due	239		6
Home Equity/2nds[Member]
Classes of the loan portfolio summarized by the aging categories of performing loans and nonaccrual loans [Abstract]
Total past due	458		2,208
Current	15,403		16,921
Total loans	15,861	19,739	19,129
Non-accrual	1,284		2,914
Home Equity/2nds[Member] | 30 to 59 Days Past Due [Member]
Classes of the loan portfolio summarized by the aging categories of performing loans and nonaccrual loans [Abstract]
Total past due	0		34
Home Equity/2nds[Member] | 60 to 89 Days Past Due [Member]
Classes of the loan portfolio summarized by the aging categories of performing loans and nonaccrual loans [Abstract]
Total past due	0		0
Home Equity/2nds[Member] | 90+ Days Past Due [Member]
Classes of the loan portfolio summarized by the aging categories of performing loans and nonaccrual loans [Abstract]
Total past due	458		2,174
Consumer [Member]
Classes of the loan portfolio summarized by the aging categories of performing loans and nonaccrual loans [Abstract]
Total past due	0		4
Current	1,118		1,206
Total loans	1,118	$ 1,209	1,210
Non-accrual	0		0
Consumer [Member] | 30 to 59 Days Past Due [Member]
Classes of the loan portfolio summarized by the aging categories of performing loans and nonaccrual loans [Abstract]
Total past due	0		4
Consumer [Member] | 60 to 89 Days Past Due [Member]
Classes of the loan portfolio summarized by the aging categories of performing loans and nonaccrual loans [Abstract]
Total past due	0		0
Consumer [Member] | 90+ Days Past Due [Member]
Classes of the loan portfolio summarized by the aging categories of performing loans and nonaccrual loans [Abstract]
Total past due	$ 0		$ 0

Loans Receivable and Allowanc31

Loans Receivable and Allowance for Loan Losses, Summary of Impaired loans (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2017	Sep. 30, 2016	Sep. 30, 2017	Sep. 30, 2016	Dec. 31, 2016
Interest income recognized [Abstract]
Real estate acquired through foreclosure	$ 1,104		$ 1,104		$ 973
Residential Mortgage [Member]
Unpaid principal balance [Abstract]
With no related allowance	12,856		12,856		9,854
With a related allowance	9,306		9,306		11,176
Total	22,162		22,162		21,030
Recorded investment [Abstract]
With no related allowance	11,306		11,306		9,338
With a related allowance	9,073		9,073		11,065
Total	20,379		20,379		20,403
Related allowance	1,544		1,544		1,703
Average recorded investment [Abstract]
With no related allowance	10,423	$ 12,734	9,696	$ 13,774
With a related allowance	8,910	9,831	9,231	10,684
Total	19,333	22,565	18,927	24,458
Interest income recognized [Abstract]
With no related allowance	138	132	353	417
With a related allowance	116	106	286	356
Total	254	238	639	773
Commercial [Member]
Unpaid principal balance [Abstract]
With no related allowance	0		0		0
With a related allowance	0		0		148
Total	0		0		148
Recorded investment [Abstract]
With no related allowance	0		0		0
With a related allowance	0		0		148
Total	0		0		148
Related allowance	0		0		15
Average recorded investment [Abstract]
With no related allowance	0	274	0	150
With a related allowance	0	149	37	182
Total	0	423	37	332
Interest income recognized [Abstract]
With no related allowance	0	2	0	3
With a related allowance	0	2	0	7
Total	0	4	0	10
Commercial Real Estate [Member]
Unpaid principal balance [Abstract]
With no related allowance	1,576		1,576		3,900
With a related allowance	1,892		1,892		1,958
Total	3,468		3,468		5,858
Recorded investment [Abstract]
With no related allowance	1,527		1,527		3,698
With a related allowance	1,892		1,892		1,958
Total	3,419		3,419		5,656
Related allowance	186		186		196
Average recorded investment [Abstract]
With no related allowance	1,531	3,730	2,652	4,655
With a related allowance	1,896	1,977	1,919	2,040
Total	3,427	5,707	4,571	6,695
Interest income recognized [Abstract]
With no related allowance	22	57	69	134
With a related allowance	23	25	73	77
Total	45	82	142	211
ADC [Member]
Unpaid principal balance [Abstract]
With no related allowance	636		636		441
With a related allowance	402		402		417
Total	1,038		1,038		858
Recorded investment [Abstract]
With no related allowance	636		636		441
With a related allowance	367		367		417
Total	1,003		1,003		858
Related allowance	50		50		53
Average recorded investment [Abstract]
With no related allowance	637	1,031	487	1,431
With a related allowance	369	426	385	513
Total	1,006	1,457	872	1,944
Interest income recognized [Abstract]
With no related allowance	9	9	21	36
With a related allowance	6	6	16	20
Total	15	15	37	56
Home Equity/2nds[Member]
Unpaid principal balance [Abstract]
With no related allowance	0		0		2,139
With a related allowance	0		0		1,608
Total	0		0		3,747
Recorded investment [Abstract]
With no related allowance	0		0		1,529
With a related allowance	0		0		1,608
Total	0		0		3,137
Related allowance	0		0		402
Average recorded investment [Abstract]
With no related allowance	918	1,911	679	1,991
With a related allowance	180	1,078	715	370
Total	1,098	2,989	1,394	2,361
Interest income recognized [Abstract]
With no related allowance	15	18	40	59
With a related allowance	0	6	0	7
Total	15	24	40	66
Consumer [Member]
Unpaid principal balance [Abstract]
With no related allowance	0		0		0
With a related allowance	87		87		96
Total	87		87		96
Recorded investment [Abstract]
With no related allowance	0		0		0
With a related allowance	87		87		96
Total	87		87		96
Related allowance	2		2		4
Average recorded investment [Abstract]
With no related allowance	0	0	0	23
With a related allowance	88	102	91	73
Total	88	102	91	96
Interest income recognized [Abstract]
With no related allowance	0	0	0	0
With a related allowance	1	1	2	2
Total	1	$ 1	2	$ 2
Residential Properties [Member]
Interest income recognized [Abstract]
Residential mortgage loans secured by residential real estate properties in formal foreclosure proceedings	3,100		3,100
Real estate acquired through foreclosure	$ 287		$ 287		$ 393

Loans Receivable and Allowanc32

Loans Receivable and Allowance for Loan Losses, Loans modified as TDRs (Details) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2017USD ($)Contract	Sep. 30, 2016Contract	Sep. 30, 2017USD ($)Contract	Sep. 30, 2016USD ($)Contract	Dec. 31, 2016USD ($)Contract
Loans modified [Abstract]
Number of modifications | Contract			0	3
Recorded investment prior to modification			$ 0	$ 624
Recorded investment after modification			$ 0	$ 624
TDRs loans accounted under method [Abstract]
Number of modifications | Contract	52		52		58
Accrual status	$ 15,416		$ 15,416		$ 18,066
Number of modifications | Contract	6		6		7
Nonaccrual status	$ 2,375		$ 2,375		$ 2,392
Total number of modifications | Contract	58		58		65
Total balance of modifications	$ 17,791		$ 17,791		$ 20,458
Number of contract, subsequent defaults | Contract	0	0	0	0
Residential Mortgage [Member]
Loans modified [Abstract]
Number of modifications | Contract			0	3
Recorded investment prior to modification			$ 0	$ 624
Recorded investment after modification			$ 0	$ 624
TDRs loans accounted under method [Abstract]
Number of modifications | Contract	43		43		48
Accrual status	$ 13,086		$ 13,086		$ 15,886
Number of modifications | Contract	4		4		4
Nonaccrual status	$ 2,285		$ 2,285		$ 2,137
Total number of modifications | Contract	47		47		52
Total balance of modifications	$ 15,371		$ 15,371		$ 18,023
Commercial Real Estate [Member]
TDRs loans accounted under method [Abstract]
Number of modifications | Contract	3		3		3
Accrual status	$ 1,875		$ 1,875		$ 1,914
Number of modifications | Contract	1		1		2
Nonaccrual status	$ 84		$ 84		$ 249
Total number of modifications | Contract	4		4		5
Total balance of modifications	$ 1,959		$ 1,959		$ 2,163
ADC [Member]
TDRs loans accounted under method [Abstract]
Number of modifications | Contract	1		1		2
Accrual status	$ 138		$ 138		$ 170
Number of modifications | Contract	1		1		1
Nonaccrual status	$ 6		$ 6		$ 6
Total number of modifications | Contract	2		2		3
Total balance of modifications	$ 144		$ 144		$ 176
Home Equity/2nds[Member]
TDRs loans accounted under method [Abstract]
Number of modifications | Contract	1		1
Accrual status	$ 230		$ 230
Number of modifications | Contract	0		0
Nonaccrual status	$ 0		$ 0
Total number of modifications | Contract	1		1
Total balance of modifications	$ 230		$ 230
Consumer [Member]
TDRs loans accounted under method [Abstract]
Number of modifications | Contract	4		4		5
Accrual status	$ 87		$ 87		$ 96
Number of modifications | Contract	0		0		0
Nonaccrual status	$ 0		$ 0		$ 0
Total number of modifications | Contract	4		4		5
Total balance of modifications	$ 87		$ 87		$ 96

Loans Receivable and Allowanc33

Loans Receivable and Allowance for Loan Losses, Contract Amounts for Off-Balance Sheet Instruments (Details) $ in Thousands	9 Months Ended		12 Months Ended
	Sep. 30, 2017USD ($)Loan	Sep. 30, 2016Loan	Dec. 31, 2016USD ($)Commitment
Standby Letters of Credit [Member]
Financial instruments whose contract amount represents credit risk [Abstract]
Letters of credit expiry period	12 months
Off-balance sheet credit risk	$ 3,854		$ 4,022
Current liability for guarantees	79		94
Home Equity Lines of Credit [Member]
Financial instruments whose contract amount represents credit risk [Abstract]
Off-balance sheet credit risk	$ 12,425		7,736
Loan expiry period	10 years
Unadvanced Construction Commitments [Member]
Financial instruments whose contract amount represents credit risk [Abstract]
Off-balance sheet credit risk	$ 72,045		15,728
Mortgage Loan Commitments [Member]
Financial instruments whose contract amount represents credit risk [Abstract]
Off-balance sheet credit risk	0		$ 574
Number of mortgage loan commitments at fixed interest rate | Commitment			2
Fixed rate loan commitments	0		$ 574
Fixed interest rate			4.25%
Lines of Credit [Member]
Financial instruments whose contract amount represents credit risk [Abstract]
Off-balance sheet credit risk	13,092		$ 34,125
Loans Sold and Serviced with Limited Repurchase Provisions [Member]
Financial instruments whose contract amount represents credit risk [Abstract]
Off-balance sheet credit risk	19,979		70,773
Mortgage loan, held in reserve	$ 59		$ 48
Number of repurchased loans | Loan	0	0
Loans Sold and Serviced with Limited Repurchase Provisions [Member] | Minimum [Member]
Financial instruments whose contract amount represents credit risk [Abstract]
Period of delinquency under repurchase agreement	120 days
Loans Sold and Serviced with Limited Repurchase Provisions [Member] | Maximum [Member]
Financial instruments whose contract amount represents credit risk [Abstract]
Period of delinquency under repurchase agreement	180 days

Regulatory Matters (Details)

Regulatory Matters (Details) - USD ($) $ in Thousands		Sep. 30, 2017	Dec. 31, 2016
Common Equity Tier 1 Capital (to risk-weighted assets) [Abstract]
Common Equity Tier I Capital Actual, Amount	[1]	$ 104,318	$ 98,970
Common Equity Tier I Capital, Ratio	[1]	16.80%	16.50%
Common Equity Tier I Capital for Capital Adequacy Purposes, Amount	[1]	$ 27,907	$ 26,983
Common Equity Tier I Capital for Capital Adequacy Purposes, Ratio	[1]	4.50%	4.50%
Common Equity Tier 1 Capital Minimum Capital Adequacy with Capital Buffer, Amount	[1]	$ 35,658	$ 30,730
Common Equity Tier 1 Capital Minimum Capital Adequacy with Capital Buffer, Ratio	[1]	5.80%	5.10%
Common Equity Tier I Capital To Be Well Capitalized Under Prompt Corrective Provisions, Amount	[1]	$ 40,309	$ 38,975
Common Equity Tier I Capital To Be Well Capitalized Under Prompt Corrective Provisions, Ratio	[1]	6.50%	6.50%
Total capital (to risk-weighted assets) [Abstract]
Total Capital, Actual Amount	[1]	$ 112,086	$ 106,517
Total Capital, Ratio	[1]	18.10%	17.80%
Total For Capital Adequacy Purposes, Amount	[1]	$ 49,612	$ 47,969
Total For Capital Adequacy Purposes, Ratio	[1]	8.00%	8.00%
Total For Capital Adequacy with Capital Buffer, Amount	[1]	$ 57,363	$ 51,717
Total For Capital Adequacy with Capital Buffer, Ratio	[1]	9.30%	8.60%
Total To Be Well Capitalized Under Prompt Corrective Action Provisions, Amount	[1]	$ 62,015	$ 59,962
Total Capital To Be Well Capitalized Under Prompt Corrective Action Provisions, Ratio	[1]	10.00%	10.00%
Tier 1 capital (to risk-weighted assets) [Abstract]
Tier I Capital, Actual Amount	[1]	$ 104,318	$ 98,970
Tier I Capital, Ratio	[1]	16.80%	16.50%
Tier I Capital for Capital Adequacy Purposes, Amount	[1]	$ 37,209	$ 35,977
Tier I Capital for Capital Adequacy Purposes, Ratio	[1]	6.00%	6.00%
Tier I Capital Minimum Capital Adequacy with Capital Buffer, Amount	[1]	$ 44,961	$ 39,725
Tier I Capital Minimum Capital Adequacy with Capital Buffer, Ratio	[1]	7.30%	6.60%
Tier I Capital To Be Well Capitalized Under Prompt Corrective Action Provisions, Amount	[1]	$ 49,612	$ 47,969
Tier I Capital To Be Well Capitalized Under Prompt Corrective Provisions, Ratio	[1]	8.00%	8.00%
Tier 1 capital (to average quarterly assets) [Abstract]
Tier I Capital average, Actual Amount	[2]	$ 104,318	$ 98,970
Tier I Capital average, Ratio	[2]	13.30%	12.90%
Tier I Capital average for Capital Adequacy Purposes, Amount	[2]	$ 31,313	$ 30,634
Tier I Capital average for Capital Adequacy Purposes, Ratio	[2]	4.00%	4.00%
Tier I Capital Average Minimum Capital Adequacy with Capital Buffer, Amount	[2]	$ 41,099	$ 35,420
Tier I Capital Average Minimum Capital Adequacy with Capital Buffer, Ratio	[2]	5.30%	4.60%
Tier I Capital Average To Be Well Capitalized Under Prompt Corrective Action Provisions, Amount	[2]	$ 39,142	$ 38,292
Tier I Capital Average To Be Well Capitalized Under Prompt Corrective Provisions, Ratio	[2]	5.00%	5.00%
[1]	to risk-weighted assets.
[2]	To average quarterly assets.

Earnings Per Share (Details)

Earnings Per Share (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2017	Sep. 30, 2016	Sep. 30, 2017	Sep. 30, 2016
Weighted average number of shares outstanding reconciliation [Abstract]
Weighted-average shares outstanding - basic (in shares)	12,172,586	12,104,379	12,140,689	11,324,660
Dilution (in shares)	150,986	79,360	107,525	51,193
Weighted-average share outstanding - diluted (in shares)	12,323,572	12,183,739	12,248,214	11,375,853
Net income available to common stockholders	$ 1,121	$ 539	$ 2,753	$ 12,864
Net income per share - basic (in dollars per share)	$ 0.09	$ 0.04	$ 0.23	$ 1.14
Net income per share - diluted (in dollars per share)	$ 0.09	$ 0.04	$ 0.22	$ 1.13
Stock Options [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive securities excluded from computation of earnings per share (in shares)	20,000	126,600	20,000	126,600
Series A Preferred Stock [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive securities excluded from computation of earnings per share (in shares)	437,500	437,500	437,500	437,500
Warrants [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive securities excluded from computation of earnings per share (in shares)		556,976		556,976

Stock-Based Compensation (Detai

Stock-Based Compensation (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2017	Sep. 30, 2016	Sep. 30, 2017	Sep. 30, 2016
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of shares authorized under the plan (in shares)	500,000		500,000
Stock-based compensation expense	$ 44	$ 48	$ 146	$ 143
Weighted average fair value of option issued (in dollars per share)	$ 2.56		$ 2.56
Fair value assumptions for options granted [Abstract]
Dividend yield			0.00%
Expected volatility			36.02%
Risk-free interest rate			1.76%
Expected lives			5 years 6 months
Shares [Roll Forward]
Outstanding at beginning of period (in shares)			339,500	339,800
Granted (in shares)		0	20,000	0
Exercised (in shares)			(5,025)	0
Forfeited (in shares)			(16,000)	(54,500)
Outstanding at end of period (in shares)	338,475	285,300	338,475	285,300
Exercisable at end of period (in shares)	173,702	136,125	173,702	136,125
Weighted Average Price [Roll Forward]
Outstanding at beginning of period (in dollars per share)			$ 5.31	$ 4.83
Granted (in dollars per share)			7.10	0
Exercised (in dollars per share)			3.37	0
Forfeited (in dollars per share)			4.59	5.07
Outstanding at end of period (in dollars per share)	$ 5.48	$ 4.79	5.48	4.79
Exercisable at end of period (in dollars per share)	$ 4.78	$ 4.37	$ 4.78	$ 4.37
Weighted Average Remaining Life [Abstract]
Weighted-average remaining contractual term, outstanding			7 years 2 months 12 days	8 years 2 months 12 days
Weighted-average remaining contractual term, exercisable			6 years 6 months	7 years
Aggregate Intrinsic Value [Abstract]
Aggregate intrinsic value of the options outstanding	$ 526	$ 491	$ 526	$ 491
Aggregate intrinsic value of the options exercisable	398	$ 292	398	$ 292
Unrecognized stock-based compensation expense	$ 520		$ 520
Unrecognized stock-based compensation expected to be recognized period			59 months
Stock Options [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock options vesting period			5 years
Stock Options [Member] | Maximum [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock options expiry period			10 years

Other Comprehensive Income (Det

Other Comprehensive Income (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2017	Sep. 30, 2016	Sep. 30, 2017	Sep. 30, 2016
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning balance			$ 87,930	$ 86,456
Other comprehensive loss before reclassification	$ (9)		(3)
Amounts reclassified from accumulated other comprehensive loss	(1)		(1)
Net other comprehensive loss during period	(10)	$ 0	(4)	0
Ending balance	92,010	86,783	92,010	86,783
Accumulated Comprehensive Loss [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning balance	6		0	0
Ending balance	$ (4)	$ 0	$ (4)	$ 0

Fair Value of Financial Instr38

Fair Value of Financial Instruments (Details) - USD ($) $ in Thousands	9 Months Ended	12 Months Ended
	Sep. 30, 2017	Dec. 31, 2016
Assets [Abstract]
AFS Securities - U.S. government agency notes	$ 3,129	$ 0
U.S. Government Agency Notes [Member]
Assets [Abstract]
AFS Securities - U.S. government agency notes	3,129
Quoted Prices (Level 1) [Member]
Assets [Abstract]
AFS Securities - U.S. government agency notes	0
Loans held for sale ("LHFS")	0	0
Mortgage servicing rights ("MSRs")	0	0
Interest rate lock commitments ("IRLCs")	0	0
Best efforts forward contracts	0
Significant Other Observable Inputs (Level 2) [Member]
Assets [Abstract]
AFS Securities - U.S. government agency notes	3,129
Loans held for sale ("LHFS")	4,871	10,313
Mortgage servicing rights ("MSRs")	0	0
Interest rate lock commitments ("IRLCs")	42	162
Best efforts forward contracts	6
Significant Unobservable Inputs (Level 3) [Member]
Assets [Abstract]
AFS Securities - U.S. government agency notes	0
Loans held for sale ("LHFS")	0	0
Mortgage servicing rights ("MSRs")	473	557
Interest rate lock commitments ("IRLCs")	0	0
Best efforts forward contracts	0
Recurring [Member] | Quoted Prices (Level 1) [Member]
Assets [Abstract]
AFS Securities - U.S. government agency notes	0
Loans held for sale ("LHFS")	0
Mortgage servicing rights ("MSRs")	0	0
Interest rate lock commitments ("IRLCs")	0	0
Mandatory forward contracts	0	0
Best efforts forward contracts	0
Recurring [Member] | Significant Other Observable Inputs (Level 2) [Member]
Assets [Abstract]
AFS Securities - U.S. government agency notes	3,129
Loans held for sale ("LHFS")	4,871
Mortgage servicing rights ("MSRs")	0	0
Interest rate lock commitments ("IRLCs")	42	162
Mandatory forward contracts	7	153
Best efforts forward contracts	6
Recurring [Member] | Significant Unobservable Inputs (Level 3) [Member]
Assets [Abstract]
AFS Securities - U.S. government agency notes	0
Loans held for sale ("LHFS")	0
Mortgage servicing rights ("MSRs")	473	557
Interest rate lock commitments ("IRLCs")	0	0
Mandatory forward contracts	0	0
Best efforts forward contracts	0
Carrying Value [Member]
Assets [Abstract]
AFS Securities - U.S. government agency notes	3,129
Loans held for sale ("LHFS")	4,871	10,307
Mortgage servicing rights ("MSRs")	473	557
Interest rate lock commitments ("IRLCs")	42	162
Best efforts forward contracts	6
Carrying Value [Member] | Recurring [Member]
Assets [Abstract]
AFS Securities - U.S. government agency notes	3,129
Loans held for sale ("LHFS")	4,871
Mortgage servicing rights ("MSRs")	473	557
Interest rate lock commitments ("IRLCs")	42	162
Mandatory forward contracts	7	153
Best efforts forward contracts	6
U.S. Government Agency Notes [Member]
Fair Value Measured On Recurring Basis Gain Loss Included In Earnings Line Items [Line Items]
Total changes in fair values included in period income - assets	0
Loans Held for Sale [Member]
Fair Value Measured On Recurring Basis Gain Loss Included In Earnings Line Items [Line Items]
Total changes in fair values included in period income - assets	139
Mortgage Servicing Rights [Member]
Fair Value Measured On Recurring Basis Gain Loss Included In Earnings Line Items [Line Items]
Total changes in fair values included in period income - assets	(84)	66
Interest Rate Lock Commitments [Member]
Fair Value Measured On Recurring Basis Gain Loss Included In Earnings Line Items [Line Items]
Total changes in fair values included in period income - assets	(120)	(21)
Mandatory Forward Contracts [Member]
Fair Value Measured On Recurring Basis Gain Loss Included In Earnings Line Items [Line Items]
Total changes in fair values included in period income - assets	(146)	$ 42
Best Efforts Forward Contracts [Member]
Fair Value Measured On Recurring Basis Gain Loss Included In Earnings Line Items [Line Items]
Total changes in fair values included in period income - assets	$ 6

Fair Value of Financial Instr39

Fair Value of Financial Instruments, Fair Values of Financial Instruments, Assets, Quantitative Information (Details) - USD ($) $ in Thousands	9 Months Ended	12 Months Ended
	Sep. 30, 2017	Dec. 31, 2016
MSRs [Member] | Market Approach [Member] | Recurring [Member]
Quantitative Information about Level 3 Fair Value Measurements [Abstract]
Fair value estimate	$ 473	$ 557
Valuation techniques	Market Approach	Market Approach
Unobservable input	Weighted average prepayment speed	Weighted average prepayment speed
Weighted average	3.95%	3.95%
Impaired Loans [Member] | Nonrecurring [Member] | Minimum [Member]
Quantitative Information about Level 3 Fair Value Measurements [Abstract]
Weighted average discount rate	0.00%	0.00%
Impaired Loans [Member] | Nonrecurring [Member] | Maximum [Member]
Quantitative Information about Level 3 Fair Value Measurements [Abstract]
Weighted average discount rate	33.00%	2.00%
Impaired Loans [Member] | Nonrecurring [Member] | Weighted Average [Member]
Quantitative Information about Level 3 Fair Value Measurements [Abstract]
Weighted average discount rate	25.50%	2.00%
Impaired Loans [Member] | Nonrecurring [Member] | Quoted Prices (Level 1) [Member]
Quantitative Information about Level 3 Fair Value Measurements [Abstract]
Fair value estimate	$ 0	$ 0
Impaired Loans [Member] | Nonrecurring [Member] | Significant Other Observable Inputs (Level 2) [Member]
Quantitative Information about Level 3 Fair Value Measurements [Abstract]
Fair value estimate	0	0
Impaired Loans [Member] | Nonrecurring [Member] | Significant Unobservable Inputs (Level 3) [Member]
Quantitative Information about Level 3 Fair Value Measurements [Abstract]
Fair value estimate	1,597	2,136
Impaired Loans [Member] | Nonrecurring [Member] | Carrying Value [Member]
Quantitative Information about Level 3 Fair Value Measurements [Abstract]
Fair value estimate	$ 1,597	$ 2,136
Real Estate Acquired Through Foreclosure [Member] | Nonrecurring [Member] | Minimum [Member]
Quantitative Information about Level 3 Fair Value Measurements [Abstract]
Weighted average discount rate	0.00%	0.00%
Real Estate Acquired Through Foreclosure [Member] | Nonrecurring [Member] | Maximum [Member]
Quantitative Information about Level 3 Fair Value Measurements [Abstract]
Weighted average discount rate	26.00%	10.00%
Real Estate Acquired Through Foreclosure [Member] | Nonrecurring [Member] | Weighted Average [Member]
Quantitative Information about Level 3 Fair Value Measurements [Abstract]
Weighted average discount rate	20.90%	10.00%
Real Estate Acquired Through Foreclosure [Member] | Nonrecurring [Member] | Quoted Prices (Level 1) [Member]
Quantitative Information about Level 3 Fair Value Measurements [Abstract]
Fair value estimate	$ 0	$ 0
Real Estate Acquired Through Foreclosure [Member] | Nonrecurring [Member] | Significant Other Observable Inputs (Level 2) [Member]
Quantitative Information about Level 3 Fair Value Measurements [Abstract]
Fair value estimate	0	0
Real Estate Acquired Through Foreclosure [Member] | Nonrecurring [Member] | Significant Unobservable Inputs (Level 3) [Member]
Quantitative Information about Level 3 Fair Value Measurements [Abstract]
Fair value estimate	691	767
Real Estate Acquired Through Foreclosure [Member] | Nonrecurring [Member] | Carrying Value [Member]
Quantitative Information about Level 3 Fair Value Measurements [Abstract]
Fair value estimate	$ 691	$ 767

Fair Value of Financial Instr40

Fair Value of Financial Instruments, Assets, Balance Sheet Grouping (Details) - USD ($) $ in Thousands	Sep. 30, 2017	Dec. 31, 2016
Assets [Abstract]
AFS Securities	$ 3,129	$ 0
HTM securities	58,959	62,827
Bank Commitments [Member]
Liabilities [Abstract]
Loan funding commitments	97,600	58,200
Standby Letters of Credit [Member]
Liabilities [Abstract]
Loan funding commitments	3,900	4,000
Level 1 [Member]
Assets [Abstract]
Cash and cash equivalents	41,635	67,114
AFS Securities	0
HTM securities	8,102	13,165
LHFS	0	0
Loans receivable	0	0
Restricted stock investments	0	0
Accrued interest receivable	0	0
MSRs	0	0
IRLCs	0	0
Mandatory forward contracts	0	0
Best effort forward contracts	0
Liabilities [Abstract]
Deposits	0	0
Borrowings	0	0
Subordinated debentures	0	0
Accrued interest payable	0	0
Level 2 [Member]
Assets [Abstract]
Cash and cash equivalents	0	0
AFS Securities	3,129
HTM securities	50,857	49,662
LHFS	4,871	10,313
Loans receivable	0	0
Restricted stock investments	4,699	5,103
Accrued interest receivable	2,503	2,249
MSRs	0	0
IRLCs	42	162
Mandatory forward contracts	7	153
Best effort forward contracts	6
Liabilities [Abstract]
Deposits	586,594	572,556
Borrowings	87,909	97,961
Subordinated debentures	0	0
Accrued interest payable	478	538
Level 3 [Member]
Assets [Abstract]
Cash and cash equivalents	0	0
AFS Securities	0
HTM securities	0	0
LHFS	0	0
Loans receivable	653,381	602,953
Restricted stock investments	0	0
Accrued interest receivable	0	0
MSRs	473	557
IRLCs	0	0
Mandatory forward contracts	0	0
Best effort forward contracts	0
Liabilities [Abstract]
Deposits	0	0
Borrowings	0	0
Subordinated debentures	20,619	20,619
Accrued interest payable	0	0
Carrying Value [Member]
Assets [Abstract]
Cash and cash equivalents	41,635	67,114
AFS Securities	3,129
HTM securities	58,764	62,757
LHFS	4,871	10,307
Loans receivable	643,028	601,309
Restricted stock investments	4,699	5,103
Accrued interest receivable	2,503	2,249
MSRs	473	557
IRLCs	42	162
Mandatory forward contracts	7	153
Best effort forward contracts	6
Liabilities [Abstract]
Deposits	593,492	571,946
Borrowings	93,450	103,500
Subordinated debentures	20,619	20,619
Accrued interest payable	478	538
Total [Member]
Assets [Abstract]
Cash and cash equivalents	41,635	67,114
AFS Securities	3,129
HTM securities	58,959	62,827
LHFS	4,871	10,313
Loans receivable	653,381	602,953
Restricted stock investments	4,699	5,103
Accrued interest receivable	2,503	2,249
MSRs	473	557
IRLCs	42	162
Mandatory forward contracts	7	153
Best effort forward contracts	6
Liabilities [Abstract]
Deposits	586,594	572,556
Borrowings	87,909	97,961
Subordinated debentures	20,619	20,619
Accrued interest payable	$ 478	$ 538