10-Q

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D. C. 20549

FORM 10-Q

þ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the quarterly period ended September 30, 2014

or

¨ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the transition period from             to

Commission File Number: 001-32590

COMMUNITY BANKERS TRUST CORPORATION

(Exact name of registrant as specified in its charter)

Virginia	20-2652949
(State or other jurisdiction of incorporation or organization)	(I.R.S. Employer Identification No.)
9954 Mayland Drive, Suite 2100
Richmond, Virginia	23233
(Address of principal executive offices)	(Zip Code)

(804) 934-9999

(Registrant’s telephone number, including area code)

n/a

(Former name, former address and former fiscal year, if changed since last report)

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days.  Yes þ  No ¨

Indicate by check mark whether the registrant has submitted electronically and posted on its corporate Web site, if any, every Interactive Data File required to be submitted and posted pursuant to Rule 405 of Regulation S-T during the preceding 12 months (or for such shorter period that the registrant was required to submit and post such files).  Yes þ No ¨

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, or a smaller reporting company. See the definitions of “large accelerated filer,” “accelerated filer” and “smaller reporting company” in Rule 12b-2 of the Exchange Act.

Large accelerated filer  ¨		Accelerated filer                   þ
Non-accelerated filer     ¨	(Do not check if a smaller reporting company)	Smaller reporting company ¨

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act).  Yes o  No þ

At September 30, 2014, there were 21,782,826 shares of the Company’s common stock outstanding.

COMMUNITY BANKERS TRUST CORPORATION

TABLE OF CONTENTS

FORM 10-Q

September 30, 2014

PART I — FINANCIAL INFORMATION
Item 1. Financial Statements
Consolidated Balance Sheets	3
Unaudited Consolidated Statements of Income	4
Unaudited Consolidated Statements of Comprehensive Income (Loss)	5
Unaudited Consolidated Statements of Shareholders’ Equity	6
Unaudited Consolidated Statements of Cash Flows	7
Notes to Unaudited Consolidated Financial Statements	9
Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations	35
Item 3. Quantitative and Qualitative Disclosures About Market Risk	50
Item 4. Controls and Procedures	51
PART II — OTHER INFORMATION
Item 1. Legal Proceedings	51
Item 1A. Risk Factors	51
Item 2. Unregistered Sales of Equity Securities and Use of Proceeds	51
Item 3. Defaults upon Senior Securities	52
Item 4. Mine Safety Disclosures	52
Item 5. Other Information	52
Item 6. Exhibits	52
SIGNATURES	53

2

PART I — FINANCIAL INFORMATION

Item 1.  Financial Statements

COMMUNITY BANKERS TRUST CORPORATION

CONSOLIDATED BALANCE SHEETS

AS OF SEPTEMBER 30, 2014 AND DECEMBER 31, 2013

(dollars in thousands)

	September 30, 2014			December 31, 2013
	(Unaudited)			(Audited)
ASSETS
Cash and due from banks	$	8,335		$	10,857
Interest bearing bank deposits		10,160			12,978
Total cash and cash equivalents		18,495			23,835
Securities available for sale, at fair value		258,211			265,777
Securities held to maturity, at cost (fair value of $48,062 and $30,305, respectively)		46,476			28,563
Equity securities, restricted, at cost		8,149			8,358
Total securities		312,836			302,698
Loans held for sale		239			100
Loans not covered by FDIC shared-loss agreements		644,241			596,173
Loans covered by FDIC shared-loss agreements		64,338			73,275
Total  loans		708,579			669,448
Allowance for loan losses (non-covered loans of $9,862 and $10,444, respectively; covered loans of $386 and $484, respectively)		(10,248	)		(10,928	)
Net loans		698,331			658,520
FDIC indemnification asset		20,315			25,409
Bank premises and equipment, net		26,255			27,872
Bank premises and equipment held for sale		3,237			—
Other real estate owned, covered by FDIC shared-loss agreements		1,752			2,692
Other real estate owned, non-covered		6,261			6,244
Bank owned life insurance		21,278			20,795
FDIC receivable under shared-loss agreements		978			368
Core deposit intangibles, net		5,190			6,621
Other assets		13,631			14,378
Total assets	$	1,128,798		$	1,089,532
LIABILITIES
Deposits:
Noninterest bearing	$	81,526		$	70,132
Interest bearing		840,186			822,209
Total deposits		921,712			892,341
Federal funds purchased and securities sold under agreements to repurchase		3,287			6,000
Federal Home Loan Bank advances		81,584			77,125
Long-term debt		9,680			—
Trust preferred capital notes		4,124			4,124
Other liabilities		3,863			3,283
Total liabilities		1,024,250			982,873
SHAREHOLDERS’ EQUITY
Preferred stock (5,000,000 shares authorized, $0.01 par value; 0 and 10,680 shares issued and outstanding, respectively)		—			10,680
Warrants on preferred stock		—			1,037
Common stock (200,000,000 shares authorized, $0.01 par value; 21,782,826 and 21,709,096 shares issued and outstanding, respectively)		218			217
Additional paid in capital		145,238			144,656
Retained deficit		(40,812	)		(45,822	)
Accumulated other comprehensive loss		(96	)		(4,109	)
Total shareholders’ equity		104,548			106,659
Total liabilities and shareholders’ equity	$	1,128,798		$	1,089,532

See accompanying notes to unaudited consolidated financial statements

3

COMMUNITY BANKERS TRUST CORPORATION

UNAUDITED CONSOLIDATED STATEMENTS OF INCOME

FOR THE THREE AND NINE MONTHS ENDED SEPTEMBER 30, 2014 AND 2013

(dollars and shares in thousands, except per share data)

	Three months ended					Nine months ended
	September 30, 2014		September 30, 2013			September 30, 2014		September 30, 2013
Interest and dividend income
Interest and fees on non-covered loans	$	8,125	$	7,513		$	22,467	$	22,646
Interest and fees on FDIC covered loans		2,445		3,538			8,670		8,942
Interest on federal funds sold		—		—			—		3
Interest on deposits in other banks		11		11			46		33
Interest and dividends on securities
Taxable		1,813		1,934			5,221		5,717
Nontaxable		271		175			595		487
Total interest and dividend income		12,665		13,171			36,999		37,828
Interest expense
Interest on deposits		1,504		1,568			4,365		4,869
Interest on short-term borrowings		2		1			4		4
Interest on other borrowed funds		277		180			681		561
Total interest expense		1,783		1,749			5,050		5,434
Net interest income		10,882		11,422			31,949		32,394
Provision for loan losses		—		—			—		—
Net interest income after provision for loan losses		10,882		11,422			31,949		32,394
Noninterest income
Service charges on deposit accounts		584		741			1,634		2,105
Gain on securities transactions, net		115		38			494		446
Gain (loss) on sale of other loans, net		78		(614	)		153		(614	)
Income on bank owned life insurance		193		199			578		547
Other		196		229			578		773
Total noninterest income		1,166		593			3,437		3,257
Noninterest expense
Salaries and employee benefits		4,072		4,096			12,023		11,990
Occupancy expenses		631		690			1,966		2,070
Equipment expenses		255		276			734		790
Legal fees		10		24			67		75
Professional fees		86		52			328		241
FDIC assessment		210		225			611		615
Data processing fees		355		485			1,312		1,573
FDIC indemnification asset amortization		1,439		1,716			4,415		4,809
Amortization of intangibles		477		565			1,431		1,696
Other real estate expense		392		(33	)		775		1,206
Other operating expenses		1,611		1,337			4,412		3,837
Total noninterest expense		9,538		9,433			28,074		28,902
Income before income taxes		2,510		2,582			7,312		6,749
Income tax expense		697		800			2,055		2,036
Net income	$	1,813	$	1,782		$	5,257	$	4,713
Dividends paid on preferred stock		—		208			247		650
Accretion of discount on preferred stock		—		73			—		190
Net income available to common shareholders	$	1,813	$	1,501		$	5,010	$	3,873
Net income per share — basic	$	0.08	$	0.07		$	0.23	$	0.18
Net income per share — diluted	$	0.08	$	0.07		$	0.23	$	0.18
Weighted average number of shares outstanding
basic		21,764		21,707			21,745		21,695
diluted		21,987		21,971			21,964		21,892

See accompanying notes to unaudited consolidated financial statements

4

COMMUNITY BANKERS TRUST CORPORATION

UNAUDITED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS)

FOR THE THREE AND NINE MONTHS ENDED SEPTEMBER 30, 2014 AND 2013

(dollars in thousands)

	Three months ended						Nine months ended
	September 30, 2014			September 30, 2013			September 30, 2014			September 30, 2013
Net income	$	1,813		$	1,782		$	5,257		$	4,713
Other comprehensive income (loss):
Change in unrealized gain (loss) in investment securities		879			(2,212	)		6,574			(9,565	)
Tax related to unrealized (gain) loss in investment securities		(299	)		752			(2,235	)		3,252
Reclassification adjustment for gain in securities sold		(115	)		(38	)		(494	)		(446	)
Tax related to realized  gain in securities sold		39			13			168			152
Total other comprehensive income (loss)		504			(1,485	)		4,013			(6,607	)
Total comprehensive income (loss)	$	2,317		$	297		$	9,270		$	(1,894	)

See accompanying notes to unaudited consolidated financial statements

5

COMMUNITY BANKERS TRUST CORPORATION

UNAUDITED CONSOLIDATED STATEMENTS OF SHAREHOLDERS’ EQUITY

FOR THE NINE MONTHS ENDED SEPTEMBER 30, 2014 AND 2013

(dollars and shares in thousands)

							Discount												Accumulated
							on							Additional					Other
	Preferred						Preferred			Common Stock				Paid in		Retained			Comprehensive
	Stock			Warrants			Stock			Shares		Amount		Capital		Deficit			Income			Total
Balance January 1, 2013	$	17,680		$	1,037		$	(234	)		21,670	$	217	$	144,398	$	(50,609	)	$	2,828		$	115,317
Amortization of preferred stock warrants		—			—			190			—		—		—		(190	)		—			—
Issuance of common stock		—			—			—			31		—		94		—			—			94
Dividends paid on preferred stock		—			—			—			—		—		—		(650	)		—			(650	)
Issuance of stock options		—			—			—			—		—		103		—			—			103
Redemption of preferred stock		(4,500	)		—			—			—		—		—		—			—			(4,500	)
Net income		—			—			—			—		—		—		4,713			—			4,713
Other comprehensive loss		—			—			—			—		—		—		—			(6,607	)		(6,607	)
Balance September 30,  2013	$	13,180		$	1,037		$	(44	)		21,701	$	217	$	144,595	$	(46,736	)	$	(3,779	)	$	108,470
Balance January 1,  2014	$	10,680		$	1,037		$	—			21,709	$	217	$	144,656	$	(45,822	)	$	(4,109	)	$	106,659
Issuance of common stock		—			—			—			74		1		188		—			—			189
Dividends paid on preferred stock		—			—			—			—		—		—		(247	)		—			(247	)
Issuance of stock options		—			—			—			—		—		137		—			—			137
Redemption of preferred stock		(10,680	)		—			—			—		—		—		—			—			(10,680	)
Redemption of warrants on preferred stock		—			(1,037	)		—			—		—		257		—			—			(780	)
Net income		—			—			—			—		—		—		5,257			—			5,257
Other comprehensive income		—			—			—			—		—		—		—			4,013			4,013
Balance September 30, 2014	$	—		$	—		$	—			21,783	$	218	$	145,238	$	(40,812	)	$	(96	)	$	104,548

See accompanying notes to unaudited consolidated financial statements

6

COMMUNITY BANKERS TRUST CORPORATION

UNAUDITED CONSOLIDATED STATEMENTS OF CASH FLOWS

FOR THE NINE MONTHS ENDED SEPTEMBER 30, 2014 AND 2013

(dollars in thousands)

	September 30, 2014			September 30, 2013
Operating activities:
Net income	$	5,257		$	4,713
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and intangibles amortization		2,558			2,959
Non-cash contribution of property		68			—
Issuance of common stock and stock options		326			197
Amortization of purchased loan premium		960			933
Deferred tax expense		—			2,036
Amortization of security premiums and accretion of discounts, net		2,612			2,723
Net gain on sale of securities		(494	)		(446	)
Net loss on sale and valuation of other real estate owned		700			982
Net (gain) loss on sale of loans		(153	)		614
Changes in assets and liabilities:
(Increase) decrease in loans held for sale		(139	)		1,184
Decrease in other assets		2,679			8,755
Increase (decrease) in accrued expenses and other liabilities		580			(82	)
Net cash provided by operating activities		14,954			24,568
Investing activities:
Proceeds from available for sale securities		87,169			142,475
Proceeds from held to maturity securities		5,704			9,171
Proceeds from equity securities		587			1,334
Purchase of available for sale securities		(83,479	)		(116,122	)
Purchase of held to maturity securities		(15,777	)		—
Purchase of equity securities		(378	)		(332	)
Proceeds from sale of other real estate owned		3,132			5,252
Improvements of other real estate, net of insurance proceeds		(418	)		(538	)
Net increase in loans		(54,868	)		(22,673	)
Principal recoveries of loans previously charged off		520			960
Purchase of premises and equipment, net		(2,751	)		(1,709	)
Purchase of bank owned life insurance investment		—			(5,000	)
Proceeds from sale of loans		11,175			4,300
Net cash (used in) provided by investing activities		(49,384	)		17,118
Financing activities:
Net increase (decrease) in noninterest bearing and interest bearing demand deposits		29,371			(13,820	)
Net (decrease) increase in federal funds purchased		(2,713	)		1,588
Net increase (decrease) in Federal Home Loan Bank borrowings		4,459			(18,325	)
Cash dividends paid		(247	)		(650	)
Proceeds from long-term debt		10,680			—
Payments on long-term debt		(1,000	)		—
Redemption of preferred stock and related warrants		(11,460	)		(4,500	)
Net cash provided by (used in) financing activities		29,090			(35,707	)
Net (decrease) increase in cash and cash equivalents		(5,340	)		5,979
Cash and cash equivalents:
Beginning of the period	$	23,835		$	24,137
End of the period	$	18,495		$	30,116

7

	September 30, 2014		September 30, 2013
Supplemental disclosures of cash flow information:
Interest paid	$	4,924	$	5,582
Income taxes paid		2,249		—
Transfers to other real estate owned		2,555		2,174
Transfer of building premises and equipment to held for sale		3,237		6,004
Transfer of deposits to held for sale		—		192,199
Transfer of portfolio loans to held for sale		—		30,228

See accompanying notes to unaudited consolidated financial statements

8

COMMUNITY BANKERS TRUST CORPORATION

Notes to Unaudited Consolidated Financial Statements

1.  NATURE OF BANKING ACITIVIES AND SIGNIFICANT ACCOUNTING POLICIES

Organization

Community Bankers Trust Corporation (the “Company”) is a bank holding company that was originally incorporated in 2005. On January 1, 2014, the Company completed a reincorporation from Delaware, its original state of incorporation, to Virginia. The form of the reincorporation was the merger of the then existing Delaware corporation into a newly created Virginia corporation. The Company retained the same name and conducts business in the same manner as before the reincorporation.

The Company is headquartered in Richmond, Virginia and is the holding company for Essex Bank (the “Bank”), a Virginia state bank with 20 full-service offices, 14 of which are in Virginia and six of which are in Maryland. The Bank also operates two loan production offices in Virginia. The Company relocated its corporate headquarters on March 31, 2014. The Bank opened a new branch office in Annapolis, Maryland on March 25, 2014 and a branch office at its new headquarters in Richmond, Virginia on April 7, 2014. The Bank closed its branch office in Landover Hills, Maryland on October 24, 2014.

The Bank engages in a general commercial banking business and provides a wide range of financial services primarily to individuals and small businesses, including individual and commercial demand and time deposit accounts, commercial and industrial loans, consumer and small business loans, real estate and mortgage loans, investment services, on-line and mobile banking products, and safe deposit box facilities.

Financial Statements

The consolidated statements presented include accounts of the Company and the Bank, its wholly-owned subsidiary. All material intercompany balances and transactions have been eliminated. The statements should be read in conjunction with the Company’s consolidated financial statements and the accompanying notes to consolidated financial statements included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2013. The accounting and reporting policies of the Company conform to U.S. generally accepted accounting principles (GAAP) and to the general practices within the banking industry. The interim financial statements have not been audited; however, in the opinion of management, all adjustments, consisting of normal accruals, were made that are necessary to present fairly the balance sheet of the Company as of September 30, 2014, statements of shareholders’ equity and cash flows for the nine months ended September 30, 2014, and statements of income and comprehensive income (loss) for the three and nine months ended September 30, 2014. Results for the nine month period ended September 30, 2014 are not necessarily indicative of the results that may be expected for the year ending December 31, 2014.

The financial information contained within the statements is, to a significant extent, financial information that is based on measures of the financial effects of transactions and events that have already occurred. A variety of factors could affect the ultimate value that is obtained when either earning income, recognizing an expense, recovering an asset or relieving a liability. The Company uses historical loss factors as one factor in determining the inherent loss that may be present in its loan portfolio. Actual losses could differ significantly from the historical factors that the Company uses. In addition, GAAP itself may change from one previously acceptable method to another method. Although the economics of the Company’s transactions would be the same, the timing of events that would impact its transactions could change.

Certain reclassifications have been made to prior period balances to conform to the current period presentation.

In preparing these financial statements, the Company has evaluated subsequent events and transactions for potential recognition or disclosure through the date the financial statements were issued.

9

COMMUNITY BANKERS TRUST CORPORATION

Notes to Unaudited Consolidated Financial Statements

Recent Accounting Pronouncements

In January 2014, the Financial Accounting Standards Board (FASB) issued Accounting Standards Update (ASU) No. 2014-04, Receivables - Troubled Debt Restructurings by Creditors (Subtopic 310-40) - Reclassification of Residential Real Estate Collateralized Consumer Mortgage Loans upon Foreclosure. Although current guidance indicates that a creditor should reclassify a collateralized mortgage loan as other real estate owned when it determines that there has been in substance a repossession or foreclosure by the creditor, that is, the creditor receives physical possession of the debtor’s assets regardless of whether formal foreclosure proceedings take place, the terms in substance a repossession or foreclosure and physical possession are not defined in the accounting literature. This has resulted in diversity about when a creditor should derecognize the loan receivable and recognize the real estate property. The objective of the amendments in this update is to reduce diversity by clarifying when an in substance repossession or foreclosure occurs. The amendments state that an in substance repossession or foreclosure occurs, and a creditor is considered to have received physical possession of residential real estate property collateralizing a consumer mortgage loan, upon either (1) the creditor obtaining legal title to the residential real estate property upon completion of a foreclosure or (2) the borrower conveying all interest in the residential real estate property to the creditor to satisfy that loan through completion of a deed in lieu of foreclosure or through a similar legal agreement. Additionally, the amendments require interim and annual disclosure of both (1) the amount of foreclosed residential real estate property held by the creditor and (2) the recorded investment in consumer mortgage loans collateralized by residential real estate property that are in the process of foreclosure according to local requirements of the applicable jurisdiction. The amendments are effective for public business entities for annual periods and interim periods within those annual periods beginning after December 15, 2014. Early adoption is permitted. The Company currently records foreclosures in accordance with this guidance; therefore, no changes are necessary for adoption.

Also in January 2014, the FASB issued ASU No. 2014-01, Investments - Equity Method and Joint Ventures (Topic 323): Accounting for Investments in Qualified Affordable Housing Projects (a consensus of the FASB Emerging Issues Task Force). The amendments in this ASU apply to all reporting entities that invest in qualified affordable housing projects through limited liability entities that are flow through entities for tax purposes. Currently, an investor that invests in a qualified affordable housing project may elect to account for that investment using the effective yield method. Those not electing the effective yield method would account for the investment using the equity method or cost method. The Task Force received stakeholder feedback indicating that certain of the required conditions for the effective yield method are overly restrictive and thus prevent many investments in qualified affordable housing projects from qualifying for the use of this method. Those stakeholders stated that presenting the investment performance net of taxes as a component of income tax expense (benefit) as prescribed by the effective yield method more fairly represents the economics and provides users with a better understanding of the returns from such investments than the equity or cost methods.

The amendments in this ASU eliminate the effective yield election and permit reporting entities to make an accounting policy election to account for their investments in qualified affordable housing projects using the proportional amortization method if certain conditions are met. Under the proportional amortization method, an entity amortizes the initial cost of the investment in proportion to the tax credits and other tax benefits received and recognizes the net investment performance in the income statement as a component of income tax expense (benefit). Those not electing the proportional amortization method would account for the investment using the equity method or cost method. The decision to apply the proportional amortization method of accounting is an accounting policy decision that should be applied consistently to all qualifying affordable housing project investments rather than a decision to be applied to individual investments. A reporting entity should disclose information that enables users of its financial statements to understand the nature of its investments in qualified affordable housing projects, and the effect of the measurement of its investments in qualified affordable housing projects and the related tax credits on its financial position and results of operations. The amendments in this ASU should be applied retrospectively to all periods presented. The amendments in this ASU are effective for public business entities for annual periods and interim reporting periods within those annual periods, beginning after December 15, 2014. Early adoption is permitted. The Company does not expect the adoption of this guidance to have a material impact on its consolidated financial statements.

10

COMMUNITY BANKERS TRUST CORPORATION

Notes to Unaudited Consolidated Financial Statements

2.  SECURITIES

Amortized costs and fair values of securities available for sale and held to maturity at September 30, 2014 and December 31, 2013 were as follows (dollars in thousands):

	September 30, 2014
			Gross Unrealized
	Amortized Cost		Gains		Losses			Fair Value
Securities Available for Sale
U.S. Treasury issue and other U.S. Gov’t agencies	$	82,019	$	110	$	(1,198	)	$	80,931
U.S. Gov’t  sponsored agencies		-		-		-			-
State, county and municipal		135,469		3,192		(1,733	)		136,928
Corporate and other bonds		12,011		14		(83	)		11,942
Mortgage backed – U.S. Gov’t agencies		2,507		16		(121	)		2,402
Mortgage backed – U.S. Gov’t sponsored agencies		26,113		22		(127	)		26,008
Total Securities Available for Sale	$	258,119	$	3,354	$	(3,262	)	$	258,211
Securities Held to Maturity
State, county and municipal	$	32,040	$	847	$	(32	)	$	32,855
Mortgage backed – U.S. Gov’t agencies		5,186		292		-			5,478
Mortgage backed – U.S. Gov’t sponsored agencies		9,250		479		-			9,729
Total Securities Held to Maturity	$	46,476	$	1,618	$	(32	)	$	48,062

	December 31, 2013
	Gross Unrealized
	Amortized Cost		Gains		Losses			Fair Value
Securities Available for Sale
U.S. Treasury issue and other U.S. Gov’t agencies	$	99,789	$	165	$	(967	)	$	98,987
U.S. Gov’t  sponsored agencies		487		—		(1	)		486
State, county and municipal		138,884		1,297		(6,085	)		134,096
Corporate and other bonds		6,369		27		(47	)		6,349
Mortgage backed – U.S. Gov’t agencies		3,608		29		(198	)		3,439
Mortgage backed – U.S. Gov’t sponsored agencies		22,631		69		(280	)		22,420
Total Securities Available for Sale	$	271,768	$	1,587	$	(7,578	)	$	265,777
Securities Held to Maturity
State, county and municipal	$	9,385	$	718	$	—		$	10,103
Mortgage backed – U.S. Gov’t agencies		6,604		398		—			7,002
Mortgage backed – U.S. Gov’t sponsored agencies		12,574		626		—			13,200
Total Securities Held to Maturity	$	28,563	$	1,742	$	—		$	30,305

The amortized cost and fair value of securities at September 30, 2014 by contractual maturity are shown below. Expected maturities may differ from contractual maturities because issuers may have the right to call or prepay obligations without any penalties (dollars in thousands):

	Held to Maturity				Available for Sale
	Amortized Cost		Fair Value		Amortized Cost		Fair Value
Due in one year or less	$	1,264	$	1,280	$	5,479	$	5,454
Due after one year through five years		22,137		23,436		50,303		50,573
Due after five years through ten years		14,430		14,643		146,542		147,433
Due after ten years		8,645		8,703		55,795		54,751
Total securities	$	46,476	$	48,062	$	258,119	$	258,211

11

COMMUNITY BANKERS TRUST CORPORATION

Notes to Unaudited Consolidated Financial Statements

Proceeds from sales of securities available for sale were $17.0 million and $12.2 million during the three months ended September 30, 2014 and 2013, respectively, and $61.6 million and $66.8 million during the nine months ended September 30, 2014 and 2013, respectively. Gains and losses on the sale of securities are determined using the specific identification method. Gross realized gains and losses on sales of securities available for sale during the periods were as follows (dollars in thousands):

	Three Months Ended						Nine Months Ended
	September 30, 2014			September 30, 2013			September 30, 2014			September 30, 2013
Gross realized gains	$	202		$	46		$	698		$	516
Gross realized losses		(87	)		(8	)		(204	)		(70	)
Net securities gains	$	115		$	38		$	494		$	446

In estimating other than temporary impairment (OTTI) losses, management considers the length of time and the extent to which the fair value has been less than cost, the financial condition and short-term prospects for the issuer, and the intent and ability of management to hold its investment for a period of time to allow a recovery in fair value. There were no investments held that had OTTI losses for the three and nine months ended September 30, 2014 and 2013.

The fair value and gross unrealized losses for securities, segregated by the length of time that individual securities have been in a continuous gross unrealized loss position, at September 30, 2014 and December 31, 2013 were as follows (dollars in thousands):

	September 30, 2014
	Less than 12 Months					12 Months or More					Total
Secutities Available for Sale	Fair Value		Unrealized Loss			Fair Value		Unrealized Loss			Fair Value		Unrealized Loss
U.S. Treasury issue and other U.S. Gov’t agencies	$	27,086	$	(508	)	$	41,002	$	(690	)	$	68,088	$	(1,198	)
State, county and municipal		6,532		(27	)		48,047		(1,706	)		54,579		(1,733	)
Corporate and other bonds		7,011		(49	)		3,169		(34	)		10,180		(83	)
Mortgage backed – U.S. Gov’t agencies		-		-			1,876		(121	)		1,876		(121	)
Mortgage backed – U.S. Gov’t sponsored agencies		11,774		(94	)		3,723		(33	)		15,497		(127	)
Total	$	52,403	$	(678	)	$	97,817	$	(2,584	)	$	150,220	$	(3,262	)
Securities Held to Maturity
State, county and municipal	$	6,265	$	(32	)	$	-	$	-		$	6,265	$	(32	)

	December 31, 2013
	Less than 12 Months					12 Months or More					Total
Securities Available for Sale	Fair Value		Unrealized Loss			Fair Value		Unrealized Loss			Fair Value		Unrealized Loss
U.S. Treasury issue and other U.S. Gov’t agencies	$	35,873	$	(531	)	$	37,638	$	(436	)	$	73,511	$	(967	)
U.S. Gov’t  sponsored agencies		486		(1	)		—		—			486		(1	)
State, county and municipal		92,010		(5,343	)		6,445		(742	)		98,455		(6,085	)
Corporate and other bonds		3,332		(42	)		991		(5	)		4,323		(47	)
Mortgage backed – U.S. Gov’t agencies		2,767		(198	)		—		—			2,767		(198	)
Mortgage backed – U.S. Gov’t sponsored agencies		14,572		(258	)		1,557		(22	)		16,129		(280	)
Total	$	149,040	$	(6,373	)	$	46,631	$	(1,205	)	$	195,671	$	(7,578	)

The unrealized losses (impairments) in the investment portfolio at September 30, 2014 and December 31, 2013 are generally a result of market fluctuations that occur daily. The unrealized losses are from 195 securities at September 30, 2014. Of those, 183 are investment grade, have U.S. government agency guarantees, or are backed by the full faith and credit of local municipalities throughout the United States. Twelve investment grade corporate obligations comprise the remaining securities with unrealized losses at September 30, 2014. The Company considers the reason for impairment, length of impairment and ability to hold until the full value is recovered in determining if the impairment is temporary in nature. Based on this analysis, the Company has determined these impairments to be temporary in nature. The Company does not intend to sell and it is more likely than not that the Company will not be required to sell these securities until they recover in value or reach maturity.

Market prices are affected by conditions beyond the control of the Company. Investment decisions are made by the management group of the Company and reflect the overall liquidity and strategic asset/liability objectives of the Company. Management analyzes the securities portfolio frequently and manages the portfolio to provide an overall positive impact to the Company’s income statement and balance sheet.

12

COMMUNITY BANKERS TRUST CORPORATION

Notes to Unaudited Consolidated Financial Statements

Securities with amortized costs of $77.0 million and $109.1 million at September 30, 2014 and December 31, 2013, respectively, were pledged to secure public deposits and for other purposes required or permitted by law. At each of September 30, 2014 and December 31, 2013, there were no securities purchased from a single issuer, other than U.S. Treasury issue and other U.S. Government agencies that comprised more than 10% of the consolidated shareholders’ equity.

3.  LOANS NOT COVERED BY FDIC SHARED-LOSS AGREEMENT (NON-COVERED LOANS) AND RELATED ALLOWANCE FOR LOAN LOSSES

The Company’s non-covered loans at September 30, 2014 and December 31, 2013 were comprised of the following (dollars in thousands):

	September 30, 2014						December 31, 2013
	Amount			% of Non-Covered Loans			Amount			% of Non-Covered Loans
Mortgage loans on real estate:
Residential 1-4 family	$	162,572			25.23	%	$	144,382			24.21	%
Commercial		282,281			43.80			247,284			41.47
Construction and land development		53,529			8.31			55,278			9.27
Second mortgages		6,576			1.02			6,854			1.15
Multifamily		34,108			5.29			35,774			6.00
Agriculture		7,500			1.16			9,565			1.60
Total real estate loans		546,566			84.81			499,137			83.70
Commercial loans		90,707			14.08			90,142			15.12
Consumer installment loans		5,667			0.88			5,623			0.94
All other loans		1,489			0.23			1,435			0.24
Gross loans		644,429			100.00	%		596,337			100.00	%
Less unearned income on loans		(188	)					(164	)
Non-covered loans, net of unearned  income	$	644,241					$	596,173

The Company held $21.1 million and $38.5 million in balances of loans guaranteed by the United States Department of Agriculture (USDA), which are included in various categories in the table above, at September 30, 2014 and December 31, 2013, respectively. As these loans are 100% guaranteed by the USDA, no loan loss provision is required. These loan balances included an unamortized purchase premium of $1.2 million and $2.5 million at September 30, 2014 and December 31, 2013, respectively. Unamortized purchase premium is recognized as an adjustment of the related loan yield on a straight line basis, which is substantially equivalent to the results obtained using the effective interest method.

At September 30, 2014 and December 31, 2013, the Company’s allowance for credit losses was comprised of the following: (i) specific valuation allowances calculated in accordance with FASB ASC 310, Receivables, (ii) general valuation allowances calculated in accordance with FASB ASC 450, Contingencies, based on economic conditions and other qualitative risk factors, and (iii) historical valuation allowances calculated using historical loan loss experience. Management identified loans subject to impairment in accordance with ASC 310.

The Purchase and Assumption Agreement into which the Company and the Federal Deposit Insurance Corporation (FDIC) entered in January 2009 that provided for the Company’s assumption of all of the deposits and certain other liabilities and acquisition of substantially all assets of Suburban Federal Savings Bank (SFSB) included two shared-loss agreements with respect to certain covered loans and foreclosed real estate assets.  See Notes 4 and 5 for more information on the Purchase and Assumption Agreement and the shared-loss agreements.  The shared-loss agreement for loans other than those secured by single family, residential 1-4 family mortgages expired March 31, 2014. These loans, which had an outstanding principal balance of $10.0 million and a carrying value of $5.5 million at March 31, 2014, are being accounted for in accordance with FASB ASC 310-30, Loans and Debt Securities Acquired with Deteriorated Credit Quality, commonly referred to as purchased credit impaired loans, and were classified as non-covered loans effective April 1, 2014 (the “PCI loans”).

The PCI loans are not classified as nonperforming assets as of September 30, 2014, as the loans are accounted for on a pooled basis, and interest income, through accretion of the difference between the carrying amount of the loans and the expected cash flows, is being recognized on all PCI loans.

13

COMMUNITY BANKERS TRUST CORPORATION

Notes to Unaudited Consolidated Financial Statements

The following table reflects the outstanding principal balance and carrying amounts of the PCI loans as of September 30, 2014 (dollars in thousands):

	September  30, 2014
	Unpaid balance		Carrying Value
Mortgage loans on real estate:
Residential 1-4 family	$	2,204	$	1,032
Commercial		3,230		1,211
Construction and land development		3,687		2,656
Second mortgages		34		18
Multifamily		—		—
Agriculture		—		—
Total real estate loans		9,155		4,917
Total PCI loans	$	9,155	$	4,917

The allowance for loan losses related to PCI loans was $98,000 as of March 31, 2014 and was transferred from the allowance for loan losses on covered loans effective April 1, 2014. This allowance was related to commercial real estate loans. There was no other activity in the allowance for loan losses related to PCI loans for either of the three or nine month periods ended September 30, 2014.

The change in the accretable yield balance for the PCI loans for the period ended September 30, 2014 (dollars in thousands):

Balance transferred from covered loans,  April 1, 2014	$	4,773
Accretion		(388	)
Reclassification from nonaccretable yield		697
Balance, September 30, 2014	$	5,082

14

COMMUNITY BANKERS TRUST CORPORATION

Notes to Unaudited Consolidated Financial Statements

The following table summarizes information related to impaired loans as of September 30, 2014 (dollars in thousands):

With an allowance recorded:	Recorded Investment (1)		Unpaid Principal Balance (2)		Related Allowance
Mortgage loans on real estate:
Residential 1-4 family	$	2,414	$	2,519	$	417
Commercial		291		477		51
Construction and land development		4,745		7,484		543
Second mortgages		220		222		38
Multifamily		—		—		—
Agriculture		—		—		—
Total real estate loans		7,670		10,702		1,049
Commercial loans		8		8		1
Consumer installment loans		87		89		15
All other loans		—		—		—
Subtotal impaired loans with a valuation allowance		7,765		10,799		1,065
With no related allowance recorded:
Mortgage loans on real estate:
Residential 1-4 family		1,424		1,503		—
Commercial		455		557		—
Construction and land development		205		221		—
Second mortgages		—		—		—
Multifamily		—		—		—
Agriculture		—		—		—
Total real estate loans		2,084		2,281		—
Commercial loans		—		—		—
Consumer installment loans		3		4		—
All other loans		—		—		—
Subtotal impaired loans without a valuation allowance		2,087		2,285		—
Total:
Mortgage loans on real estate:
Residential 1-4 family		3,838		4,022		417
Commercial		746		1,034		51
Construction and land development		4,950		7,705		543
Second mortgages		220		222		38
Multifamily		—		—		—
Agriculture		—		—		—
Total real estate loans		9,754		12,983		1,049
Commercial loans		8		8		1
Consumer installment loans		90		93		15
All other loans		—		—		—
Total impaired loans	$	9,852	$	13,084	$	1,065

(1) The amount of the investment in a loan, which is not net of a valuation allowance, but which does reflect any direct write-down of the investment

(2) The contractual amount due, which reflects paydowns applied in accordance with loan documents, but which does not reflect any direct write-downs

15

COMMUNITY BANKERS TRUST CORPORATION

Notes to Unaudited Consolidated Financial Statements

The following table summarizes information related to impaired loans as of December 31, 2013 (dollars in thousands):

With an allowance recorded:	Recorded Investment (1)		Unpaid Principal Balance (2)		Related Allowance
Mortgage loans on real estate:
Residential 1-4 family	$	3,485	$	3,739	$	881
Commercial		920		1,091		150
Construction and land development		4,148		5,298		508
Second mortgages		225		226		40
Multifamily		—		—		—
Agriculture		—		—		—
Total real estate loans		8,778		10,354		1,579
Commercial loans		127		794		16
Consumer installment loans		49		51		9
All other loans		—		—		—
Subtotal impaired loans with a valuation allowance		8,954		11,199		1,604
With no related allowance recorded:
Mortgage loans on real estate:
Residential 1-4 family		1,189		1,228		—
Commercial		1,714		1,969		—
Construction and land development		1,734		4,335		—
Second mortgages		—		—		—
Multifamily		—		—		—
Agriculture		204		222		—
Total real estate loans		4,841		7,754		—
Commercial loans		—		—		—
Consumer installment loans		6		6		—
All other loans		—		—		—
Subtotal impaired loans without a valuation allowance		4,847		7,760		—
Total:
Mortgage loans on real estate:
Residential 1-4 family		4,674		4,967		881
Commercial		2,634		3,060		150
Construction and land development		5,882		9,633		508
Second mortgages		225		226		40
Multifamily		—		—		—
Agriculture		204		222		—
Total real estate loans		13,619		18,108		1,579
Commercial loans		127		794		16
Consumer installment loans		55		57		9
All other loans		—		—		—
Total impaired loans	$	13,801	$	18,959	$	1,604

(1) The amount of the investment in a loan, which is not net of a valuation allowance, but which does reflect any direct write-down of the investment

(2) The contractual amount due, which reflects paydowns applied in accordance with loan documents, but which does not reflect any direct write-downs

16

COMMUNITY BANKERS TRUST CORPORATION

Notes to Unaudited Consolidated Financial Statements

The following table summarizes the average recorded investment of impaired loans for the three and nine months ended September 30, 2014 and 2013 (dollars in thousands):

	Three months ended				Nine months ended
	September 30, 2014		September 30, 2013		September 30, 2014		September 30, 2013
Mortgage loans on real estate:
Residential 1-4 family	$	4,389	$	5,721	$	4,255	$	6,169
Commercial		872		2,737		1,690		4,302
Construction and land development		5,143		7,482		5,416		7,745
Second mortgages		222		162		223		168
Multifamily		—		—		—		—
Agriculture		—		216		102		229
Total real estate loans		10,626		16,318		11,686		18,613
Commercial loans		22		121		68		318
Consumer installment loans		94		56		74		70
All other loans		—		—		—		—
Total impaired loans	$	10,742	$	16,495	$	11,828	$	19,001

The majority of impaired loans are also nonaccruing for which no interest income was recognized during each of the three and nine months ended September 30, 2014 and 2013. No significant amounts of interest income were recognized on accruing impaired loans for each of the three and nine months ended September 30, 2014 and 2013.

Interest income on nonaccrual loans, if recognized, is recorded using the cash basis method of accounting. Cash basis income of $301,000 and $598,000 was recognized during the three and nine months ended September 30, 2014, respectively. There were no significant amounts recognized during either of the three or nine months ended September 30, 2013. For the three months ended September 30, 2014 and 2013, estimated interest income of $204,000 and $259,000, respectively, would have been recorded if all such loans had been accruing interest according to their original contractual terms. For the nine months ended September 30, 2014 and 2013, estimated interest income of $583,000 and $774,000, respectively, would have been recorded if all such loans had been accruing interest according to their original contractual terms.

The following table presents non-covered nonaccrual loans, excluding PCI loans, by loan category as of September 30, 2014 and December 31, 2013 (dollars in thousands):

	September 30, 2014		December 31, 2013
Mortgage loans on real estate:
Residential 1-4 family	$	3,748	$	4,229
Commercial		624		1,382
Construction and land development		4,950		5,882
Second mortgages		61		225
Multifamily		—		—
Agriculture		—		205
Total real estate loans		9,383		11,923
Commercial loans		8		127
Consumer installment loans		90		55
All other loans		—		—
Total loans	$	9,481	$	12,105

17

COMMUNITY BANKERS TRUST CORPORATION

Notes to Unaudited Consolidated Financial Statements

Troubled debt restructures and some substandard loans still accruing interest are loans that management expects to ultimately collect all principal and interest due, but not under the terms of the original contract. A reconciliation of impaired loans to nonaccrual loans at September 30, 2014 and December 31, 2013, is set forth in the table below (dollars in thousands):

	September 30, 2014		December 31, 2013
Nonaccruals	$	9,481	$	12,105
Trouble debt restructure and still accruing		122		1,696
Substandard and still accruing		249		—
Total impaired	$	9,852	$	13,801

The following tables present an age analysis of past due status of non-covered loans, excluding PCI loans, by category as of September 30, 2014 and December 31, 2013 (dollars in thousands):

	September 30, 2014
	30-89 Days Past Due		90 Days Past Due		Total Past Due		Current		Total Loans		Recorded Investment 90 Days Past Due and Accruing
Mortgage loans on real estate:
Residential 1-4 family	$	748	$	3,748	$	4,496	$	157,045	$	161,541	$	—
Commercial		144		802		946		280,124		281,070		178
Construction and land development		—		4,950		4,950		45,923		50,873		—
Second mortgages		178		61		239		6,319		6,558		—
Multifamily		—		—		—		34,108		34,108		—
Agriculture		—		—		—		7,500		7,500		—
Total real estate loans		1,070		9,561		10,631		531,019		541,650		178
Commercial loans		63		8		71		90,636		90,707		—
Consumer installment loans		28		90		118		5,549		5,667		—
All other loans		—		—		—		1,489		1,489		—
Total loans	$	1,161	$	9,659	$	10,820	$	628,693	$	639,513	$	178

	December 31, 2013
	30-89 Days Past Due		90 Days Past Due		Total Past Due		Current		Total Loans		Recorded Investment 90 Days Past Due and Accruing
Mortgage loans on real estate:
Residential 1-4 family	$	1,455	$	4,229	$	5,684	$	138,698	$	144,382	$	—
Commercial		—		1,382		1,382		245,902		247,284		—
Construction and land development		242		5,882		6,124		49,154		55,278		—
Second mortgages		—		225		225		6,629		6,854		—
Multifamily		—		—		—		35,774		35,774		—
Agriculture		—		205		205		9,360		9,565		—
Total real estate loans		1,697		11,923		13,620		485,517		499,137		—
Commercial loans		115		127		242		89,900		90,142		—
Consumer installment loans		58		55		113		5,510		5,623		—
All other loans		—		—		—		1,435		1,435		—
Total loans	$	1,870	$	12,105	$	13,975	$	582,362	$	596,337	$	—

18

COMMUNITY BANKERS TRUST CORPORATION

Notes to Unaudited Consolidated Financial Statements

Activity in the allowance for loan losses on non-covered loans, excluding PCI loans, by segment for the periods presented is presented in the following tables (dollars in thousands):

	Three Months Ended September 30, 2014
	Beginning of Period		Provision Allocation			Charge-offs			Recoveries		End of Period
Mortgage loans on real estate:
Residential 1-4 family	$	3,670	$	8		$	(501	)	$	17	$	3,194
Commercial		2,919		558			(67	)		8		3,418
Construction and land development		1,624		(171	)		—			—		1,453
Second mortgages		98		29			—			—		127
Multifamily		176		10			—			—		186
Agriculture		64		—			—			—		64
Total real estate loans		8,551		434			(568	)		25		8,442
Commercial loans		1,478		(435	)		—			148		1,191
Consumer installment loans		102		(3	)		(35	)		38		102
All other loans		25		4			—			—		29
Total loans	$	10,156	$	—		$	(603	)	$	211	$	9,764

	Three Months Ended September 30, 2013
	Beginning of Period		Provision Allocation			Charge-offs			Recoveries		End of Period
Mortgage loans on real estate:
Residential 1-4 family	$	3,938	$	(299	)	$	(119	)	$	3	$	3,523
Commercial		2,508		(69	)		—			5		2,444
Construction and land development		2,865		290			(758	)		5		2,402
Second mortgages		72		99			(100	)		41		112
Multifamily		146		(26	)		—			—		120
Agriculture		56		(38	)		—			39		57
Total real estate loans		9,585		(43	)		(977	)		93		8,658
Commercial loans		1,772		6			(5	)		39		1,812
Consumer installment loans		141		38			(36	)		16		159
All other loans		25		(1	)		—			—		24
Total loans	$	11,523	$	—		$	(1,018	)	$	148	$	10,653

	Nine Months Ended September 30, 2014
	Beginning of Period		Provision Allocation			Charge-offs			Recoveries		End of Period
Mortgage loans on real estate:
Residential 1-4 family	$	3,853	$	(112	)	$	(611	)	$	64	$	3,194
Commercial		2,333		1,475			(479	)		89		3,418
Construction and land development		2,252		(800	)		—			1		1,453
Second mortgages		101		24			—			2		127
Multifamily		151		35			—			—		186
Agriculture		81		(17	)		—			—		64
Total real estate loans		8,771		605			(1,090	)		156		8,442
Commercial loans		1,546		(621	)		—			266		1,191
Consumer installment loans		101		13			(110	)		98		102
All other loans		26		3			—			—		29
Total loans	$	10,444	$	—		$	(1,200	)	$	520	$	9,764

19

COMMUNITY BANKERS TRUST CORPORATION

Notes to Unaudited Consolidated Financial Statements

	Nine Months Ended September 30, 2013
	Beginning of Period		Provision Allocation			Charge- offs			Recoveries		End of Period
Mortgage loans on real estate:
Residential 1-4 family	$	3,985	$	(236	)	$	(280	)	$	54	$	3,523
Commercial		2,482		1,439			(1,492	)		15		2,444
Construction and land development		3,773		(1,137	)		(915	)		681		2,402
Second mortgages		142		24			(100	)		46		112
Multifamily		303		(183	)		—			—		120
Agriculture		61		(37	)		(6	)		39		57
Total real estate loans		10,746		(130	)		(2,793	)		835		8,658
Commercial loans		1,961		75			(302	)		78		1,812
Consumer installment loans		195		49			(133	)		48		159
All other loans		18		6			—			—		24
Total loans	$	12,920	$	—		$	(3,228	)	$	961	$	10,653

The following tables present information on the non-covered loans evaluated for impairment in the allowance for loan losses as of September 30, 2014 and December 31, 2013 (dollars in thousands):

	September 30, 2014
	Allowance for Loan Losses
	Individually Evaluated for Impairment (1)		Collectively Evaluated for Impairment		Related to PCI loans		Total
Mortgage loans on real estate:
Residential 1-4 family	$	458	$	2,736	$	—	$	3,194
Commercial		69		3,349		98		3,516
Construction and land development		553		900		—		1,453
Second mortgages		42		85		—		127
Multifamily		—		186		—		186
Agriculture		—		64		—		64
Total real estate loans		1,122		7,320		98		8,540
Commercial loans		427		764		—		1,191
Consumer installment loans		16		86		—		102
All other loans		—		29		—		29
Total loans	$	1,565	$	8,199	$	98	$	9,862

	September 30, 2014
	Recorded Investment in Loans
	Individually Evaluated for Impairment (1)		Collectively Evaluated for Impairment		Related to PCI loans		Total
Mortgage loans on real estate:
Residential 1-4 family	$	6,736	$	154,804	$	1,032	$	162,572
Commercial		7,228		273,842		1,211		282,281
Construction and land development		5,127		45,746		2,656		53,529
Second mortgages		248		6,310		18		6,576
Multifamily		—		34,108		—		34,108
Agriculture		—		7,500		—		7,500
Total real estate loans		19,339		522,310		4,917		546,566
Commercial loans		9,007		81,700		—		90,707
Consumer installment loans		94		5,573		—		5,667
All other loans		—		1,489		—		1,489
Total loans	$	28,440	$	611,072	$	4,917	$	644,429

20

COMMUNITY BANKERS TRUST CORPORATION

Notes to Unaudited Consolidated Financial Statements

	December 31, 2013
	Allowance for Loan Losses						Recorded Investment in Loans
	Individually Evaluated for Impairment (1)		Collectively Evaluated for Impairment		Total		Individually Evaluated for Impairment (1)		Collectively Evaluated for Impairment		Total
Mortgage loans on real estate:
Residential 1-4 family	$	923	$	2,930	$	3,853	$	6,708	$	137,674	$	144,382
Commercial		200		2,133		2,333		8,016		239,268		247,284
Construction and land development		651		1,601		2,252		8,619		46,659		55,278
Second mortgages		42		59		101		254		6,600		6,854
Multifamily		—		151		151		—		35,774		35,774
Agriculture		—		81		81		205		9,360		9,565
Total real estate loans		1,816		6,955		8,771		23,802		475,335		499,137
Commercial loans		18		1,528		1,546		192		89,950		90,142
Consumer installment loans		9		92		101		57		5,566		5,623
All other loans		—		26		26		—		1,435		1,435
Total loans	$	1,843	$	8,601	$	10,444	$	24,051	$	572,286	$	596,337

⁽¹⁾ The category “Individually Evaluated for Impairment” includes loans individually evaluated for impairment and determined not to be impaired. These loans totalled $18.6 million and $10.3 million at September 30, 2014 and December 31, 2013, respectively. The allowance for loans losses allocated to these loans was $500,000 and $239,000 at September 30, 2014 and December 31, 2013, respectively.

Non-covered loans are monitored for credit quality on a recurring basis. These credit quality indicators are defined as follows:

Pass - A pass loan is not adversely classified, as it does not display any of the characteristics for adverse classification. This category includes purchased loans that are 100% guaranteed by U.S. Government agencies of $21.1 million and $38.5 million at September 30, 2014 and December 31, 2013, respectively.

Special Mention - A special mention loan has potential weaknesses that deserve management’s close attention. If left uncorrected, such potential weaknesses may result in deterioration of the repayment prospects or collateral position at some future date. Special mention loans are not adversely classified and do not warrant adverse classification.

Substandard - A substandard loan is inadequately protected by the current net worth and paying capacity of the obligor or of the collateral pledged, if any. Loans classified as substandard generally have a well defined weakness, or weaknesses, that jeopardize the liquidation of the debt. These loans are characterized by the distinct possibility of loss if the deficiencies are not corrected.

Doubtful - A doubtful loan has all the weaknesses inherent in a loan classified as substandard with the added characteristics that the weaknesses make collection or liquidation in full highly questionable and improbable, on the basis of currently existing facts, conditions, and values.

21

COMMUNITY BANKERS TRUST CORPORATION

Notes to Unaudited Consolidated Financial Statements

The following tables present the composition of non-covered loans, excluding PCI loans, by credit quality indicator at September 30, 2014 and December 31, 2013 (dollars in thousands):

	September 30, 2014
	Pass		Special Mention		Substandard		Doubtful		Total
Mortgage loans on real estate:
Residential 1-4 family	$	147,482	$	8,958	$	5,101	$	—	$	161,541
Commercial		266,700		8,895		5,475		—		281,070
Construction and land development		45,254		491		5,128		—		50,873
Second mortgages		5,266		1,044		248		—		6,558
Multifamily		34,108		—		—		—		34,108
Agriculture		7,500		—		—		—		7,500
Total real estate loans		506,310		19,388		15,952		—		541,650
Commercial loans		79,593		2,107		9,007		—		90,707
Consumer installment loans		5,551		22		94		—		5,667
All other loans		1,489		—		—		—		1,489
Total loans	$	592,943	$	21,517	$	25,053	$	—	$	639,513

	December 31, 2013
	Pass		Special Mention		Substandard		Doubtful		Total
Mortgage loans on real estate:
Residential 1-4 family	$	129,482	$	8,193	$	6,707	$	—	$	144,382
Commercial		229,168		11,348		6,768		—		247,284
Construction and land development		44,482		2,178		8,618		—		55,278
Second mortgages		6,172		428		254		—		6,854
Multifamily		35,774		—		—		—		35,774
Agriculture		9,361		—		204		—		9,565
Total real estate loans		454,439		22,147		22,551		—		499,137
Commercial loans		87,208		2,742		192		—		90,142
Consumer installment loans		5,344		222		57		—		5,623
All other loans		1,435		—		—		—		1,435
Total loans	$	548,426	$	25,111	$	22,800	$	—	$	596,337

In accordance with FASB ASU 2011-02, Receivables (Topic 310): A Creditor's Determination of Whether a Restructuring is a Troubled Debt Restructuring, the Company assesses all loan modifications to determine whether they are considered troubled debt restructurings (TDRs) under the guidance.

During the three and nine months ended September 30, 2014, the Company modified one commercial loan that was considered to be a TDR. The Company extended the terms and lowered the interest rate for this loan, which had a pre- and post-modification balance of $69,000. During the three months ended September 30, 2013, there were no loans modified that were considered to be TDRs. During the nine months ended September 30, 2013, the Company modified one residential 1-4 family loan that was considered to be a TDR. The Company extended the terms and lowered the interest rate for this loan, which had a pre- and post-modification balance of $174,000.

A loan is considered to be in default if it is 90 days or more past due. There were no TDRs that had been restructured during the previous 12 months that resulted in default during the three and nine months ended September 30, 2014. There was one TDR that had been restructured during the previous 12 months that resulted in default during the three and nine months ended September 30, 2013. This residential 1-4 family loan had a recorded investment of $173,000.

In the determination of the allowance for loan losses, management considers TDRs and subsequent defaults in these restructures by reviewing for impairment in accordance with FASB ASC 310-10-35, Receivables, Subsequent Measurement.

At September 30, 2014 the Company had 1-4 family mortgages in the amount of $141.8 million pledged as collateral to the Federal Home Loan Bank for a total borrowing capacity of $108.8 million.

22

COMMUNITY BANKERS TRUST CORPORATION

Notes to Unaudited Consolidated Financial Statements

4.  LOANS COVERED BY FDIC SHARED-LOSS AGREEMENTS (COVERED LOANS) AND RELATED ALLOWANCE FOR LOAN LOSSES

On January 30, 2009, the Company entered into a Purchase and Assumption Agreement with the FDIC to assume all of the deposits and certain other liabilities and acquire substantially all assets of SFSB. The Company is applying the provisions of FASB ASC 310-30, Loans and Debt Securities Acquired with Deteriorated Credit Quality, to all loans acquired in the SFSB transaction (the “covered loans”). Of the total $198.3 million in loans acquired, $49.1 million met the criteria of FASB ASC 310-30. These loans, consisting mainly of construction loans, were deemed impaired at the acquisition date. The remaining $149.1 million of loans acquired, comprised mainly of residential 1-4 family, were analogized to meet the criteria of FASB ASC 310-30. Analysis of this portfolio revealed that SFSB utilized weak underwriting and documentation standards, which led the Company to believe that significant losses were probable given the economic environment at the time. The shared-loss agreement related to loans other than those secured by single family, residential 1-4 family mortgages expired March 31, 2014. These loans, which had an outstanding principal balance of $10.0 million and a carrying value of $5.5 million at March 31, 2014, were transferred to non-covered loans effective April 1, 2014 (the PCI loans). See Note 3 for further details.

As of September 30, 2014 and December 31, 2013, the outstanding contractual balance of the covered loans was $97.6 million and $117.0 million, respectively. The carrying amount, by loan type, as of these dates is as follows (dollars in thousands):

	September 30, 2014					December 31, 2013
	Amount		% of Covered Loans			Amount		% of Covered Loans
Mortgage loans on real estate:
Residential 1-4 family	$	60,528		94.08	%	$	64,610		88.18	%
Commercial		—		—			1,389		1.90
Construction and land development		—		—			2,940		4.01
Second mortgages		3,536		5.50			3,898		5.32
Multifamily		274		0.42			266		0.36
Agriculture		—		—			172		0.23
Total real estate loans		64,338		100.00			73,275		100.00
Total covered loans	$	64,338		100.00	%	$	73,275		100.00	%

The allowance for loan losses related to the PCI loans of $98,000 was transferred to the non-covered allowance for loan losses effective April 1, 2014, and was related to commercial real estate loans. The remaining allowance for loan losses on covered loans of $386,000 at September 30, 2014, related to residential 1-4 family loans. There was no other activity in the allowance for loan losses on covered loans for either the three or nine months ended September 30, 2014. There was no activity in the allowance for loan losses on covered loans for either the three or nine months ended September 30, 2013.

The following table presents information on the covered loans collectively evaluated for impairment in the allowance for loan losses at September 30, 2014 and December 31, 2013 (dollars in thousands):

	September 30, 2014				December 31, 2013
	Allowance for loan losses		Recorded investment in loans		Allowance for loan losses		Recorded investment in loans
Mortgage loans on real estate:
Residential 1-4 family	$	386	$	60,528	$	252	$	64,610
Commercial		—		—		232		1,389
Construction and land development		—		—		—		2,940
Second mortgages		—		3,536		—		3,898
Multifamily		—		274		—		266
Agriculture		—		—		—		172
Total real estate loans		386		64,338		484		73,275
Total covered loans	$	386	$	64,338	$	484	$	73,275

23

COMMUNITY BANKERS TRUST CORPORATION

Notes to Unaudited Consolidated Financial Statements

The change in the accretable yield balance for the periods ended September 30, 2014 and December 31, 2013 is as follows (dollars in thousands):

Balance, January 1, 2013	$	54,144
Accretion		(11,936	)
Reclassification from nonaccretable yield		9,307
Balance, December 31, 2013		51,515
Accretion		(8,660	)
Reclassification from nonaccretable yield		8,674
Transfer of PCI loans to non-covered loans		(4,773	)
Balance, September 30, 2014	$	46,756

The covered loans were not classified as nonperforming assets as of September 30, 2014, as the loans are accounted for on a pooled basis, and interest income, through accretion of the difference between the carrying amount of the loans and the expected cash flows, is being recognized on all covered loans.

5.  FDIC Agreements and FDIC Indemnification Asset

On January 30, 2009, the Company entered into a Purchase and Assumption Agreement with the FDIC to assume all of the deposits and certain other liabilities and acquire substantially all assets of SFSB. Under the shared-loss agreements that are part of that agreement, the FDIC will reimburse the Bank for 80% of losses arising from covered loans and foreclosed real estate assets, on the first $118 million in losses on such covered loans and foreclosed real estate assets, and for 95% of losses on covered loans and foreclosed real estate assets thereafter. Under the shared-loss agreements, a “loss” on a covered loan or foreclosed real estate is defined generally as a realized loss incurred through a permitted disposition, foreclosure, short-sale or restructuring of the covered loan or foreclosed real estate. The reimbursements for losses on single family, 1-4 family residential mortgage assets are to be made quarterly through March 2019 for losses incurred through January 2019, and the reimbursements for losses on other covered assets were made quarterly through March 2014. The shared-loss agreements provide for indemnification from the first dollar of losses without any threshold requirement. The reimbursable losses from the FDIC are based on the book value of the relevant loan as determined by the FDIC at the date of the transaction, January 30, 2009. New loans made after that date are not covered by the shared-loss agreements. The fair value of the shared-loss agreements is detailed below.

The Company is accounting for the shared-loss agreements as an indemnification asset pursuant to the guidance in FASB ASC 805, Business Combinations. The FDIC indemnification asset is required to be measured in the same manner as the asset or liability to which it relates. The FDIC indemnification asset is measured separately from the covered loans and other real estate owned assets (OREO) because it is not contractually embedded in the covered loan and OREO and is not transferable should the Company choose to dispose of them. Fair value was estimated using projected cash flows available for loss sharing based on the credit adjustments estimated for each loan pool and other real estate owned and the loss sharing percentages outlined in the shared-loss agreements with the FDIC. These cash flows were discounted to reflect the uncertainty of the timing and receipt of the loss sharing reimbursement from the FDIC.

Because the acquired loans are subject to shared-loss agreements and a corresponding indemnification asset exists to represent the value of expected payments from the FDIC, increases and decreases in loan accretable yield due to changing loss expectations will also have an impact on the valuation of the FDIC indemnification asset. Improvement in loss expectations will typically increase loan accretable yield and decrease the value of the FDIC indemnification asset and, in some instances, result in an amortizable premium on the FDIC indemnification asset. Increases in loss expectations will typically be recognized as impairment in the current period through allowance for loan losses, resulting in additional noninterest income for the amount of the increase in the FDIC indemnification asset.

In addition to the premium amortization, the balance of the FDIC indemnification asset is affected by expected payments from the FDIC. Under the terms of the shared-loss agreements, the FDIC will reimburse the Company for loss events incurred related to the covered loan portfolio. These events include such things as future writedowns due to decreases in the fair market value of OREO, net loan charge-offs and recoveries, and net gains and losses on OREO sales.

As discussed above, the shared-loss agreement for assets other than single family, 1-4 residential mortgage assets expired March 2014. The FDIC indemnification asset related to those assets was zero March 31, 2014.

24

COMMUNITY BANKERS TRUST CORPORATION

Notes to Unaudited Consolidated Financial Statements

The following table presents the balances of the FDIC indemnification asset at September 30, 2014 and December 31, 2013 (dollars in thousands):

	Anticipated Expected Losses			Estimated Loss Sharing Value			Amortizable Premium (Discount) at Present Value			FDIC Indemnification Asset Total
January 1, 2013	$	23,205		$	18,564		$	15,273		$	33,837
Increases:
Writedown of OREO property to FMV		344			275						275
Decreases:
Net amortization of premium								(6,449	)		(6,449	)
Reclassifications to FDIC receivable:
Net loan charge-offs and recoveries		(1,268	)		(1,014	)					(1,014	)
OREO sales		(1,180	)		(944	)					(944	)
Reimbursements requested from FDIC		(370	)		(296	)					(296	)
Reforecasted Change in Anticipated Expected Losses		(7,217	)		(5,774	)		5,774			—
December 31, 2013	$	13,514		$	10,811		$	14,598		$	25,409
Increases:
Writedown of OREO property to FMV		34			27						27
Decreases:
Net amortization of premium								(4,415	)		(4,415	)
Reclassifications to FDIC receivable:
Net loan charge-offs and recoveries		(146	)		(117	)					(117	)
OREO sales		(618	)		(494	)					(494	)
Reimbursements requested from FDIC		(118	)		(95	)					(95	)
Reforecasted Change in Anticipated Expected Losses		(6,628	)		(5,302	)		5,302			—
September 30, 2014	$	6,038		$	4,830		$	15,485		$	20,315

6.  DEPOSITS

The following table provides interest bearing deposit information, by type, as of September 30, 2014 and December 31, 2013 (dollars in thousands):

	September 30, 2014		December 31, 2013
NOW	$	104,788	$	102,111
MMDA		97,718		94,170
Savings		77,664		75,159
Time deposits less than $100,000		240,045		235,482
Time deposits $100,000 and over		319,971		315,287
Total interest bearing deposits	$	840,186	$	822,209

7. LONG-TERM DEBT

On April 23, 2014, the Company repurchased the then outstanding 10,680 shares of Series A Preferred Stock (see Note 10). The Company funded the repurchase through an unsecured third-party term loan. The term loan, which has a maturity date of April 21, 2017, requires that the Company make quarterly payments of 7.5% of the initial outstanding principal, plus accrued interest, during a six-quarter period beginning with the quarter ending December 31, 2014, quarterly payments of 10% of the initial outstanding principal, plus accrued interest, during the subsequent four-quarter period and the remaining principal amount and accrued interest at maturity. The interest rate resets quarterly based on three-month LIBOR plus 3.50% per annum. As of September 30, 2014, the interest rate was 3.73%. The Company made an unscheduled principal payment of $1.0 million during the third quarter leaving a balance of $9.680 million as of September 30, 2014.

25

COMMUNITY BANKERS TRUST CORPORATION

Notes to Unaudited Consolidated Financial Statements

8. ACCUMULATED OTHER COMPREHENSIVE LOSS

The following tables present activity net of tax in accumulated other comprehensive loss (AOCL) for the three and nine months ended September 30, 2014 and 2013 (dollars in thousands):

	Three months ended September 30, 2014
	Unrealized Gain/Loss on Securities			Defined Benefit Pension Plan			Total Other Comprehensive Loss
Beginning balance	$	(445	)	$	(155	)	$	(600	)
Other comprehensive income before reclassifications		580			-			580
Amounts reclassified from AOCL		(76	)		-			(76	)
Net current period other comprehensive income		504			-			504
Ending balance	$	59		$	(155	)	$	(96	)

	Three months ended September 30, 2013
	Unrealized Gain/Loss on Securities			Defined Benefit Pension Plan			Total Other Comprehensive Loss
Beginning balance	$	(1,256	)	$	(1,038	)	$	(2,294	)
Other comprehensive loss before reclassifications		(1,460	)		-			(1,460	)
Amounts reclassified from AOCL		(25	)		-			(25	)
Net current period other comprehensive loss		(1,485	)		-			(1,485	)
Ending balance	$	(2,741	)	$	(1,038	)	$	(3,779	)

	Nine months ended September 30, 2014
	Unrealized Gain/Loss on Securities			Defined Benefit Pension Plan			Total Other Comprehensive Loss
Beginning balance	$	(3,954	)	$	(155	)	$	(4,109	)
Other comprehensive income before reclassifications		4,339			-			4,339
Amounts reclassified from AOCL		(326	)		-			(326	)
Net current period other comprehensive income		4,013			-			4,013
Ending balance	$	59		$	(155	)	$	(96	)

	Nine months ended September 30, 2013
	Unrealized Gain/Loss on Securities			Defined Benefit Pension Plan			Total Other Comprehensive Loss
Beginning balance	$	3,866		$	(1,038	)	$	2,828
Other comprehensive loss before reclassifications		(6,313	)		-			(6,313	)
Amounts reclassified from AOCL		(294	)		-			(294	)
Net current period other comprehensive loss		(6,607	)		-			(6,607	)
Ending balance	$	(2,741	)	$	(1,038	)	$	(3,779	)

26

COMMUNITY BANKERS TRUST CORPORATION

Notes to Unaudited Consolidated Financial Statements

The following tables present the effects of reclassifications out of AOCL on line items of consolidated income for the three and nine months ended September 30, 2014 and 2013 (dollars in thousands):

Details about AOCL	Amount Reclassified from AOCL						Affected Line Item in the Unaudited Consolidated Statement of Income
	Three months ended
	September 30, 2014			September 30, 2013
Unrealized gains on securities available for sale	$	(115	)	$	(38	)	Gain on securities transactions, net
		39			13		Income tax expense
	$	(76	)	$	(25	)	Net of tax

Details about AOCL	Amount Reclassified from AOCL						Affected Line Item in the Unaudited Consolidated Statement of Income
	Nine months ended
	September 30, 2014			September 30, 2013
Unrealized gains on securities available for sale	$	(494	)	$	(446	)	Gain on securities transactions, net
		168			152		Income tax expense
	$	(326	)	$	(294	)	Net of tax

9. Fair Values of Assets and Liabilities

FASB ASC 820, Fair Value Measurements and Disclosures, defines fair value as the exchange price that would be received for an asset or paid to transfer a liability in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants on the measurement date. FASB ASC 820 requires that valuation techniques maximize the use of observable inputs and minimize the use of unobservable inputs and also establishes a fair value hierarchy that prioritizes the valuation inputs into three broad levels. The Company groups assets and liabilities at fair value in three levels, based on the markets in which the assets and liabilities are traded and the reliability of the assumptions used to determine fair value. These levels are:

• Level 1—Valuation is based upon quoted prices for identical instruments traded in active markets.

• Level 2—Valuation is based upon quoted prices for similar instruments in active markets, quoted prices for identical or similar instruments in markets that are not active, and model-based valuation techniques for which all significant assumptions are observable in the market or can be corroborated by observable market data for substantially the full term of the assets or liabilities.

• Level 3—Valuation is determined using model-based techniques with significant assumptions not observable in the market. These unobservable assumptions reflect the Company’s own estimates of assumptions that market participants would use in pricing the asset or liability. Valuation techniques include the use of third party pricing services, option pricing models, discounted cash flow models and similar techniques.

FASB ASC 825, Financial Instruments, allows an entity the irrevocable option to elect fair value for the initial and subsequent measurement for certain financial assets and liabilities on a contract-by-contract basis. The Company has not made any material FASB ASC 825 elections as of September 30, 2014.

27

COMMUNITY BANKERS TRUST CORPORATION

Notes to Unaudited Consolidated Financial Statements

Assets and Liabilities Recorded at Fair Value on a Recurring Basis

The Company utilizes fair value measurements to record adjustments to certain assets to determine fair value disclosures. Securities available for sale and loans held for sale are recorded at fair value on a recurring basis. The tables below present the recorded amount of assets and liabilities measured at fair value on a recurring basis (dollars in thousands):

	September 30, 2014
	Total		Level 1		Level 2		Level 3
Investment securities available for sale
U.S. Treasury issue and other U.S. Gov’t agencies	$	80,931	$	76,350	$	4,581	$	-
U.S. Gov’t sponsored agencies		-		-		-		-
State, county and municipal		136,928		-		136,928		-
Corporate and other bonds		11,942		-		11,942		-
Mortgage backed – U.S. Gov’t agencies		2,402		-		2,402		-
Mortgage backed – U.S. Gov’t sponsored agencies		26,008		-		26,008		-
Total investment securities available for sale		258,211		76,350		181,861		-
Loans held for sale		239		-		239		-
Total assets at fair value	$	258,450	$	76,350	$	182,100	$	-
Total liabilities at fair value	$	-	$	-	$	-	$	-

	December 31, 2013
	Total		Level 1		Level 2		Level 3
Investment securities available for sale
U.S. Treasury issue and other U.S. Gov’t agencies	$	98,987	$	94,935	$	4,052	$	-
U.S. Gov’t sponsored agencies		486		-		486		-
State, county and municipal		134,096		2,482		131,614		-
Corporate and other bonds		6,349		-		6,349		-
Mortgage backed – U.S. Gov’t agencies		3,439		-		3,439		-
Mortgage backed – U.S. Gov’t sponsored agencies		22,420		2,531		19,889		-
Total investment securities available for sale		265,777		99,948		165,829		-
Loans held for sale		100		-		100		-
Total assets at fair value	$	265,877	$	99,948	$	165,929	$	-
Total liabilities at fair value	$	-	$	-	$	-	$	-

Investment securities available for sale

Investment securities available for sale are recorded at fair value each reporting period. Fair value measurement is based upon quoted prices, if available. If quoted prices are not available, fair values are measured using independent pricing models or other model-based valuation techniques such as the present value of future cash flows, adjusted for the security’s credit rating, prepayment assumptions and other factors such as credit loss assumptions.

The Company utilizes a third party vendor to provide fair value data for purposes of determining the fair value of its available for sale securities portfolio. The third party vendor uses a reputable pricing company for security market data. The third party vendor has controls and edits in place for month-to-month market checks and zero pricing, and a Statement on Standards for Attestation Engagements No. 16 report is obtained from the third party vendor on an annual basis. The Company makes no adjustments to the pricing service data received for its securities available for sale.

Level 1 securities include those traded on an active exchange, such as the New York Stock Exchange, U.S. Treasury securities that are traded by dealers or brokers in active over-the-counter markets and money market funds. Level 2 securities include mortgage-backed securities issued by government sponsored entities, municipal bonds and corporate debt securities. Securities classified as Level 3 include asset-backed securities in less liquid markets.

28

COMMUNITY BANKERS TRUST CORPORATION

Notes to Unaudited Consolidated Financial Statements

Loans held for sale

The carrying amounts of loans held for sale approximate fair value.

Assets and Liabilities Measured at Fair Value on a Nonrecurring Basis

The Company is also required to measure and recognize certain other financial assets at fair value on a nonrecurring basis on the consolidated balance sheet. The following table presents assets measured at fair value on a nonrecurring basis for the period ended September 30, 2014 and December 31, 2013 (dollars in thousands):

	September 30, 2014
	Total		Level 1		Level 2		Level 3
Impaired loans, non-covered	$	8,789	$	—	$	—	$	8,789
Other real estate owned (OREO), non-covered		6,261		—		—		6,261
Other real estate owned (OREO), covered		1,752		—		—		1,752
Total assets at fair value	$	16,802	$	—	$	—	$	16,802
Total liabilities at fair value	$	—	$	—	$	—	$	—

	December 31, 2013
	Total		Level 1		Level 2		Level 3
Impaired loans, non-covered	$	10,334	$	—	$	1,791	$	8,543
Other real estate owned (OREO), non-covered		6,244		—		—		6,244
Other real estate owned (OREO), covered		2,692		—		—		2,692
Total assets at fair value	$	19,270	$	—	$	1,791	$	17,479
Total liabilities at fair value	$	—	$	—	$	—	$	—

Impaired loans, non-covered

Loans for which it is probable that payment of interest and principal will not be made in accordance with the contractual terms of the loan agreement are considered impaired. Once a loan is identified as individually impaired, management measures the impairment in accordance with FASB ASC 310, Receivables. The fair value of impaired loans is estimated using one of several methods, including collateral value and discounted cash flows. Those impaired loans not requiring an allowance represent loans for which the fair value of the expected repayments or collateral exceeds the recorded investments in such loans. At September 30, 2014 and December 31, 2013, a majority of total impaired loans were evaluated based on the fair value of the collateral. The Company frequently obtains appraisals prepared by external professional appraisers for classified loans greater than $250,000 when the most recent appraisal is greater than 12 months old. When the fair value of the collateral is based on an observable market price or a current appraised value, the Company records the impaired loan within Level 2.

The Company may also identify collateral deterioration based on current market sales data, including price and absorption, as well as input from real estate sales professionals and developers, county or city tax assessments, market data and on-site inspections by Company personnel. Internally prepared estimates generally result from current market data and actual sales data related to the Company’s collateral or where the collateral is located. When management determines that the fair value of the collateral is further impaired below the appraised value and there is no observable market price, the Company records the impaired loan as nonrecurring Level 3. In instances where an appraisal received subsequent to an internally prepared estimate reflects a higher collateral value, management does not revise the carrying amount. Impaired loans can also be evaluated for impairment using the present value of expected future cash flows discounted at the loan’s effective interest rate. The measurement of impaired loans using future cash flows discounted at the loan’s effective interest rate rather than the market rate of interest rate is not a fair value measurement and is therefore excluded from fair value disclosure requirements. Reviews of classified loans are performed by management on a quarterly basis.

Other real estate owned, covered and non-covered

Other real estate owned (OREO) assets are adjusted to fair value less estimated selling costs upon transfer of the related loans to OREO property. Subsequent to the transfer, valuations are periodically performed by management and the assets are carried at the lower of carrying value or fair value less estimated selling costs. Fair value is based upon independent market prices, appraised values of the collateral or management’s estimation of the value of the collateral. When the fair value of the collateral is based on an observable market price or a current appraised value, the Company records the foreclosed asset within Level 2. When an appraised value is not available or management determines that the fair value of the collateral is further impaired below the appraised value due to such things as absorption rates and market conditions, the Company records the foreclosed asset within Level 3 of the fair value hierarchy.

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COMMUNITY BANKERS TRUST CORPORATION

Notes to Unaudited Consolidated Financial Statements

Fair Value of Financial Instruments

FASB ASC 825, Financial Instruments, requires disclosure of the fair value of financial assets and financial liabilities, including those financial assets and financial liabilities that are not measured and reported at fair value on a recurring or nonrecurring basis. FASB ASC 825 excludes certain financial instruments and all nonfinancial instruments from its disclosure requirements. Accordingly, the aggregate fair value amounts presented may not necessarily represent the underlying fair value of the Company.

The following reflects the fair value of financial instruments, whether or not recognized on the consolidated balance sheet, at fair value measures by level of valuation assumptions used for those assets. This table excludes financial instruments for which the carrying value approximates fair value (dollars in thousands):

	September 30, 2014
	Carrying Value		Estimated Fair Value		Level 1		Level 2		Level 3
Financial assets:
Securities held to maturity	$	46,476	$	48,062	$	—	$	48,062	$	—
Loans, non-covered		634,379		642,372		—		628,631		13,741
Loans, covered		63,952		71,710		—		—		71,710
FDIC indemnification asset		20,315		4,611		—		—		4,611
Financial liabilities:
Interest bearing deposits		840,186		843,002		—		843,002		—
Long-term borrowings		95,388		95,206		—		95,206		—

	December 31, 2013
	Carrying Value		Estimated Fair Value		Level 1		Level 2		Level 3
Financial assets:
Securities held to maturity	$	28,563	$	30,305	$	—	$	30,305	$	—
Loans, non-covered		585,729		591,081		—		582,538		8,543
Loans, covered		72,791		88,693		—		—		88,693
FDIC indemnification asset		25,409		10,557		—		—		10,557
Financial liabilities:
Interest bearing deposits		822,209		824,895		—		824,895		—
Long-term borrowings		81,249		81,014		—		81,014		—

The following methods were used to estimate the fair value of all other financial instruments recognized in the accompanying balance sheets at amounts other than fair value as of September 30, 2014. The Company applied the provisions of FASB ASC 820 to the fair value measurements of financial instruments not recognized on the consolidated balance sheet at fair value. The provisions requiring the Company to maximize the use of observable inputs and to measure fair value using a notion of exit price were factored into the Company’s selection of inputs into its established valuation techniques.

Financial Assets

Cash and cash equivalents

The carrying amounts of cash and due from banks, interest bearing bank deposits, and federal funds sold approximate fair value.

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COMMUNITY BANKERS TRUST CORPORATION

Notes to Unaudited Consolidated Financial Statements

Securities held for investment

For securities held for investment, fair values are based on quoted market prices or dealer quotes.

Restricted securities

The carrying value of restricted securities approximates their fair value based on the redemption provisions of the respective issuer.

Loans held for sale

The carrying amounts of loans held for sale approximate fair value.

Loans not covered by FDIC shared-loss agreement (non-covered loans)

The fair value of loans, excluding PCI loans, is estimated by discounting the future cash flows using the current rates at which similar loans would be made to borrowers with similar credit ratings and for the same remaining maturities. The fair value of impaired loans is consistent with the methodology used for the FASB ASC 820 disclosure for assets recorded at fair value on a nonrecurring basis presented above. The fair value of non-covered loans that are PCI loans is estimated using the same methodology described below for covered loans.

Loans covered by FDIC shared-loss agreement (covered loans) and PCI loans

Fair values for covered loans and PCI loans are based on a discounted cash flow methodology that considers various factors including the type of loan and related collateral, classification status, term of loan and whether or not the loans are amortizing. Loans were pooled together according to similar characteristics and were treated in the aggregate when applying various valuation techniques. The discount rates used for loans are based on the rates used at acquisition (which were based on market rates for new originations of comparable loans) adjusted for any material changes in interest rates since acquisition. Increases in cash flow expectations since acquisition resulted in estimated fair value being higher than carrying value. The increase in cash flows is also reflected in a transfer from unaccretable yield to accretable yield as disclosed in Note 4.

FDIC indemnification asset

Loss sharing assets are measured separately from the related covered assets as they are not contractually embedded in the covered assets and are not transferable with the assets should the Company choose to dispose of them. Fair value is estimated using projected cash flows related to the obligations under the shared-loss agreements based on the expected reimbursements for losses and the applicable loss sharing percentages. These expected reimbursements do not include reimbursable amounts related to future covered expenditures. These cash flows were discounted to reflect the uncertainty of the timing and receipt of the loss sharing reimbursement from the FDIC. A reduction in loss expectations has resulted in the estimated fair value of the FDIC indemnification asset being lower than its carrying value. This creates a premium that is amortized over the life of the asset and is reflected in Note 5.

Accrued interest receivable

The carrying amounts of accrued interest receivable approximate fair value.

Financial Liabilities

Noninterest bearing deposits

The carrying amount of noninterest bearing deposits approximates fair value.

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COMMUNITY BANKERS TRUST CORPORATION

Notes to Unaudited Consolidated Financial Statements

Interest bearing deposits

The fair value of NOW accounts, savings accounts, and certain money market deposits is the amount payable on demand at the reporting date. The fair value of fixed-maturity certificates of deposit is estimated using the rates currently offered for deposits of similar remaining maturities.

Federal funds purchased and securities sold under agreements to repurchase

The carrying amount of federal funds purchased and securities sold under agreements to repurchase approximates fair value.

Long-term borrowings

The fair values of the Company’s long-term borrowings, such as FHLB advances and long-term debt, are estimated using discounted cash flow analyses based on the Company’s current incremental borrowing rates for similar types of borrowing arrangements.

Accrued interest payable

The carrying amounts of accrued interest payable approximate fair value.

Off-balance sheet financial instruments

The fair value of commitments to extend credit is estimated using the fees currently charged to enter into similar agreements, taking into account the remaining terms of the agreements and the present creditworthiness of the counterparties. For fixed-rate loan commitments, fair value also considers the difference between current levels of interest rates and the committed rates. The fair value of stand-by letters of credit is based on fees currently charged for similar agreements or on the estimated cost to terminate them or otherwise settle the obligations with the counterparties at the reporting date. The Company’s off-balance sheet commitments are funded at current market rates at the date they are drawn upon. It is management’s opinion that the fair value of these commitments would approximate their carrying value, if drawn upon.  

The Company assumes interest rate risk (the risk that general interest rate levels will change) as a result of its normal operations. As a result, the fair values of the Company’s financial instruments will change when interest rate levels change, and that change may be either favorable or unfavorable. Management attempts to match maturities of assets and liabilities to the extent believed necessary to minimize interest rate risk. However, borrowers with fixed rate obligations are less likely to prepay in a rising rate environment and more likely to prepay in a falling rate environment. Conversely, depositors who are receiving fixed rates are more likely to withdraw funds before maturity in a rising rate environment and less likely to do so in a falling rate environment. Management monitors rates and maturities of assets and liabilities and attempts to minimize interest rate risk by adjusting terms of new loans and deposits and by investing in securities with terms that mitigate the Company’s overall interest rate risk.

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COMMUNITY BANKERS TRUST CORPORATION

Notes to Unaudited Consolidated Financial Statements

10.  EARNINGS PER COMMON SHARE

Basic earnings per common share (EPS) is computed by dividing net income or loss available to common shareholders by the weighted average number of common shares outstanding during the period. Diluted EPS is computed using the weighted average number of common shares outstanding during the period, including the effect of all potentially dilutive common shares outstanding attributable to stock instruments (dollars and shares in thousands, except per share data):

	Net Income Available to Common Shareholders (Numerator)		Weighted Average Common Shares (Denominator)		Per Common Share Amount
For the three months ended September 30, 2014
Basic EPS	$	1,813		21,764	$	0.08
Effect of dilutive stock awards		—		223		—
Diluted EPS	$	1,813		21,987	$	0.08
For the three months ended September 30, 2013
Shares issued				21,696
Unissued vested restricted stock				11
Basic EPS	$	1,501		21,707	$	0.07
Effect of dilutive stock awards		—		264		—
Diluted EPS	$	1,501		21,971	$	0.07

	Net Income Available to Common Shareholders (Numerator)		Weighted Average Common Shares (Denominator)		Per Common Share Amount
For the nine months ended September 30, 2014
Basic EPS	$	5,010		21,745	$	0.23
Effect of dilutive stock awards		—		219		—
Diluted EPS	$	5,010		21,964	$	0.23
For the nine months ended September 30, 2013
Shares issued				21,684
Unissued vested restricted stock				11
Basic EPS	$	3,873		21,695	$	0.18
Effect of dilutive stock awards		—		197		—
Diluted EPS	$	3,873		21,892	$	0.18

Excluded from the computation of diluted earnings per common share were 30,000 common shares issuable under awards or options during the three and nine months ended September 30, 2014, because their inclusion would be anti-dilutive. Anti-dilutive common shares issuable under awards, options or warrants of 846,000 and 66,000 were excluded for the three and nine months ended September 30, 2013, respectively.

In December 2008, the Company issued 17,680 shares of its Fixed Rate Cumulative PerpetualPreferred Stock, Series A to the United States Department of Treasury in connection with the Company’s participation in the Treasury’s TARP Capital Purchase Program. Under the terms of the Series A Preferred Stock, prior to its redemption, as discussed below, the Company was required to pay cumulative dividends on a quarterly basis at a rate of 5% per year on such amount through the February 2014 payment. After the February 2014 payment, the dividend rate automatically increased to 9% per year. The Company could defer dividend payments, but the dividend was a cumulative dividend that accrued for payment in the future. Deferred dividends also accrued interest at the same rate as the dividend. The failure to pay dividends for six dividend periods triggered the right for the holder of the Series A Preferred Stock to appoint two directors to the Company’s board.

33

COMMUNITY BANKERS TRUST CORPORATION

Notes to Unaudited Consolidated Financial Statements

During 2013, the Company repurchased 7,000 shares of the original 17,680 shares of Series A Preferred Stock. The Company funded the repurchase through the earnings of its banking subsidiary.

On April 23, 2014, the Company repurchased the remaining 10,680 shares of Series A Preferred Stock. The Company funded the repurchase through an unsecured third-party term loan (See Note 7). The form of the repurchase was a redemption under the terms of the TARP preferred stock.  The Company paid the Treasury $10.9 million, which represented 100% of the par value of the preferred stock repurchased plus accrued dividends with respect to such shares. 

On June 4, 2014, the Company paid the Treasury $780,000 to repurchase the warrant that had been associated with the Series A Preferred Stock.  The Company had originally issued the warrant, which permitted Treasury to purchase 780,000 shares of the Company's common stock at an exercise price of $3.40, in December 2008. There are no other investments from the Company's participation in TARP that remain outstanding.

11.  DEFINED BENEFIT PLAN

On May 31, 2008, the Company adopted the Bank of Essex noncontributory defined benefit pension plan for all full-time pre-merger Bank employees over 21 years of age. Benefits are generally based upon years of service and the employees’ compensation. The Company funds pension costs in accordance with the funding provisions of the Employee Retirement Income Security Act. The Company has frozen the plan benefits for all participants effective December 31, 2010. The following table presents the components of net periodic benefit cost for the three and nine months ended September 30, 2014 and 2013 (dollars in thousands):

	Three months ended						Nine months ended
	September 30, 2014			September 30, 2013			September 30, 2014			September 30, 2013
Interest cost	$	55		$	56		$	167		$	168
Expected return on plan assets		(99	)		(101	)		(297	)		(303	)
Amortization of prior service cost		1			-			3			-
Recognized net loss due to settlement		3			-			9			-
Recognized net actuarial  loss		-			17			-			51
Net periodic benefit cost	$	(40	)	$	(28	)	$	(118	)	$	(84	)

As of September 30, 2014, there had been no employer contributions for the plan year. The Company is considering terminating the pension plan in the future. No determination has been made and the Company has not determined the financial impact of the termination of the plan.

12. BRANCH SALES

The Company is currently marketing for sale its office in Crofton, Maryland, which had been the former SFSB headquarters, and its office in Catonsville, Maryland. In accordance with FASB ASC 360, Property, Plant and Equipment, the net book value of the offices, excluding furniture and equipment, of $2.8 million and $464,000, respectively, were classified as held for sale at September 30, 2014, as it represents the lower of cost or fair market value. In connection with the potential sale, the Company intends to lease approximately 66% of the Crofton office, including the current branch location. Any resulting gain will be deferred over the life of the lease in accordance with FASB ASC 840-40, Leases, Sale-Leaseback Transactions.

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Item 2.  Management’s Discussion and Analysis of Financial Condition and Results of Operations

The following discussion and analysis of the financial condition at September 30, 2014 and results of operations of Community Bankers Trust Corporation (the “Company”) for the three and nine months ended September 30, 2014 should be read in conjunction with the Company’s consolidated financial statements and the accompanying notes to consolidated financial statements included in this report and in the Company’s Annual Report on Form 10-K for the year ended December 31, 2013.

OVERVIEW

Community Bankers Trust Corporation (the “Company”) is headquartered in Richmond, Virginia and is the holding company for Essex Bank (the “Bank”), a Virginia state bank with 20 full-service offices, 14 of which are in Virginia and six of which are in Maryland. The Bank also operates two loan production offices in Virginia. The Company relocated its corporate headquarters on March 31, 2014. The Bank opened a new branch office in Annapolis, Maryland on March 25, 2014 and a branch office at its new headquarters in Richmond, Virginia on April 7, 2014. The Bank closed its branch office in Landover Hills, Maryland on October 24, 2014.

The Bank engages in a general commercial banking business and provides a wide range of financial services primarily to individuals and small businesses, including individual and commercial demand and time deposit accounts, commercial and industrial loans, consumer and small business loans, real estate and mortgage loans, investment services, on-line and mobile banking products, and safe deposit box facilities.

The Company generates a significant amount of its income from the net interest income earned by the Bank. Net interest income is the difference between interest income and interest expense. Interest income depends on the amount of interest earning assets outstanding during the period and the interest rates earned thereon. The Company’s cost of funds is a function of the average amount of interest bearing deposits and borrowed money outstanding during the period and the interest rates paid thereon. The quality of the assets further influences the amount of interest income lost on nonaccrual loans and the amount of additions to the allowance for loan losses. Additionally, the Bank earns noninterest income from service charges on deposit accounts and other fee or commission-based services and products. Other sources of noninterest income can include gains or losses on securities transactions, gains from loan sales, transactions involving bank-owned property, and income from Bank Owned Life Insurance (BOLI) policies. The Company’s income is offset by noninterest expense, which consists of salaries and benefits, occupancy and equipment costs, professional fees, the amortization of intangible assets and other operational expenses. The provision for loan losses and income taxes may materially affect net income.

CAUTION ABOUT FORWARD-LOOKING STATEMENTS

The Company makes certain forward-looking statements in this report that are subject to risks and uncertainties. These forward-looking statements include statements regarding our profitability, liquidity, allowance for loan losses, interest rate sensitivity, market risk, future strategy, and financial and other goals. These forward-looking statements are generally identified by phrases such as “the Company expects,” “the Company believes” or words of similar import.

These forward-looking statements are subject to significant uncertainties because they are based upon or are affected by factors, including, without limitation, the effects of and changes in the following:

· the quality or composition of the Company’s loan or investment portfolios, including collateral values and the repayment abilities of borrowers and issuers;

· assumptions that underlie the Company’s allowance for loan losses;

· general economic and market conditions, either nationally or in the Company’s market areas;

· the interest rate environment;

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· competitive pressures among banks and financial institutions or from companies outside the banking industry;

· real estate values;

· the demand for deposit, loan, and investment products and other financial services;

· the demand, development and acceptance of new products and services;

· the performance of vendors or other parties with which the Company does business;

· time and costs associated with de novo branching, acquisitions, dispositions and similar transactions;

· the realization of gains and expense savings from acquisitions, dispositions and similar transactions;

· assumptions and estimates that underlie the accounting for loan pools under the shared-loss agreements;

· consumer profiles and spending and savings habits;

· levels of fraud in the banking industry;

· the level of attempted cyber attacks in the banking industry;

· the securities and credit markets;

· costs associated with the integration of banking and other internal operations;

· the soundness of other financial institutions with which the Company does business;

· inflation;

· technology; and

· legislative and regulatory requirements.

These factors and additional risks and uncertainties are described in the Company’s Annual Report on Form 10-K for the year ended December 31, 2013 and other reports filed from time to time by the Company with the Securities and Exchange Commission.

Although the Company believes that its expectations with respect to the forward-looking statements are based upon reliable assumptions within the bounds of its knowledge of its business and operations, there can be no assurance that actual results, performance or achievements of the Company will not differ materially from any future results, performance or achievements expressed or implied by such forward-looking statements.

CRITICAL ACCOUNTING POLICIES

The Company’s financial statements are prepared in accordance with accounting principles generally accepted in the United States (GAAP). The financial information contained within the statements is, to a significant extent, financial information that is based on measures of the financial effects of transactions and events that have already occurred. A variety of factors could affect the ultimate value that is obtained when either earning income, recognizing an expense, recovering an asset or relieving a liability. For example, the Company uses historical loss factors as one factor in determining the inherent loss that may be present in its loan portfolio. Actual losses could differ significantly from the historical factors that the Company uses. In addition, GAAP itself may change from one previously acceptable method to another method. Although the economics of the Company’s transactions would be the same, the timing of events that would impact its transactions could change.

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The following is a summary of the Company’s critical accounting policies that are highly dependent on estimates, assumptions and judgments.

Allowance for Loan Losses on Non-covered Loans

The allowance for loan losses is established as losses are estimated to have occurred through a provision for loan losses charged to earnings. Loan losses are charged against the allowance when management believes the uncollectability of a loan balance is confirmed. Subsequent recoveries, if any, are credited to the allowance.

The allowance is an amount that management believes is appropriate to absorb estimated losses relating to specifically identified loans, as well as probable credit losses inherent in the balance of the loan portfolio, based on an evaluation of the collectability of existing loans and prior loss experience. This quarterly evaluation also 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 borrower’s ability to pay. This evaluation does not include the effects of expected losses on specific loans or groups of loans that are related to future events or expected changes in economic conditions. While management uses the best information available to make its evaluation, future adjustments to the allowance may be necessary if there are significant changes in economic conditions. In addition, regulatory agencies, as an integral part of their examination process, periodically review the Bank’s allowance for loan losses and may require the Bank to make additions to the allowance based on their judgment about information available to them at the time of their examinations.

The allowance consists of specific and general components. For loans that are also classified as impaired, an allowance is established when the discounted cash flows (or collateral value or observable market price) of the impaired loan is lower than the carrying value of that loan. The general component covers non-classified loans and is based on historical loss experience adjusted for qualitative factors.

A loan is considered impaired when, based on current information and events, management believes that it is more likely than not that the Bank will be unable to collect the scheduled payments of principal or interest when due according to the contractual terms of the loan agreement. Factors considered by management in determining impairment include payment status, collateral value, availability of current financial information, and the probability of collecting scheduled principal and interest payments when due. Loans that experience insignificant payment delays and payment shortfalls generally are not classified as impaired. Management determines the significance of payment delays and payment shortfalls on a case-by-case basis, taking into consideration all of the circumstances surrounding the loan and the borrower, including the length of the delay, the reasons for the delay, the borrower’s prior payment record, and the amount of the shortfall in relation to the principal and interest owed. Impairment is measured on a loan by loan basis for commercial and construction loans by either the present value of the expected future cash flows discounted at the loan’s effective interest rate, the loan’s obtainable market price, or the fair value of the collateral if the loan is collateral dependent.

Large groups of smaller-balance homogeneous loans are collectively evaluated for impairment. Accordingly, the Company does not separately identify individual consumer and residential loans for impairment disclosures.

Accounting for Certain Loans or Debt Securities Acquired in a Transfer

FASB ASC 310, Receivables, requires acquired loans to be recorded at fair value and prohibits carrying over valuation allowances in the initial accounting for acquired impaired loans. Loans carried at fair value, mortgage loans held for sale, and loans to borrowers in good standing under revolving credit arrangements are excluded from the scope of FASB ASC 310, which limits the yield that may be accreted to the excess of the undiscounted expected cash flows over the investor’s initial investment in the loan. The excess of the contractual cash flows over expected cash flows may not be recognized as an adjustment of yield. Subsequent increases in cash flows to be collected are recognized prospectively through an adjustment of the loan’s yield over its remaining life. Decreases in expected cash flows are recognized as impairments through allowance for loan losses.

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The Company’s acquired loans from the Suburban Federal Savings Bank (SFSB) transaction (the “covered loans”), subject to FASB ASC Topic 805, Business Combinations (formerly SFAS 141(R)), are recorded at fair value and no separate valuation allowance was recorded at the date of acquisition. FASB ASC 310-30, Loans and Debt Securities Acquired with Deteriorated Credit Quality, applies to loans acquired in a transfer with evidence of deterioration of credit quality for which it is probable, at acquisition, that the investor will be unable to collect all contractually required payments receivable. The Company is applying the provisions of FASB ASC 310-30 to all loans acquired in the SFSB transaction. The Company has grouped loans together based on common risk characteristics including product type, delinquency status and loan documentation requirements among others.

The shared-loss agreement with the Federal Deposit Insurance Corporation (FDIC) related to the acquisition of SFSB for loans other than those secured by single family, residential 1-4 family mortgages expired March 31, 2014. These loans will continue to be accounted for in accordance with FASB ASC 310-30 as purchased credit impaired loans and were classified as non-covered loans effective April 1, 2014 (the “PCI loans”).

The covered loans and PCI loans are subject to the credit review standards described above for non-covered loans. If and when credit deterioration occurs subsequent to the date that the covered loans were acquired, a provision for credit loss for covered loans will be charged to earnings for the full amount without regard to the shared-loss agreements.

The Company has made an estimate of the total cash flows it expects to collect from each pool of loans, which includes undiscounted expected principal and interest. The excess of that amount over the fair value of the pool is referred to as accretable yield. Accretable yield is recognized as interest income on a constant yield basis over the life of the pool. The Company also determines each pool’s contractual principal and contractual interest payments. The excess of that amount over the total cash flows that it expects to collect from the pool is referred to as nonaccretable difference, which is not accreted into income. Judgmental prepayment assumptions are applied to both contractually required payments and cash flows expected to be collected at acquisition. Over the life of the loan or pool, the Company continues to estimate cash flows expected to be collected. Subsequent decreases in cash flows expected to be collected over the life of the pool are recognized as an impairment in the current period through the allowance for loan losses. Subsequent increases in expected or actual cash flows are first used to reverse any existing valuation allowance for that loan or pool. Any remaining increase in cash flows expected to be collected is recognized as an adjustment to the accretable yield with the amount of periodic accretion adjusted over the remaining life of the pool.

FDIC Indemnification Asset

The Company is accounting for the shared-loss agreements as an indemnification asset pursuant to the guidance in FASB ASC 805. The FDIC indemnification asset is required to be measured in the same manner as the asset or liability to which it relates. The FDIC indemnification asset is measured separately from the covered loans and other real estate owned (OREO) assets because it is not contractually embedded in the covered loan and OREO assets and is not transferable should the Company choose to dispose of them. Fair value was estimated using projected cash flows available for loss sharing based on the credit adjustments estimated for each loan pool and OREO and the loss sharing percentages outlined in the shared-loss agreements. These cash flows were discounted to reflect the uncertainty of the timing and receipt of the loss sharing reimbursement from the FDIC.

Because the acquired loans are subject to shared-loss agreements and a corresponding indemnification asset exists to represent the value of expected payments from the FDIC, increases and decreases in loan accretable yield due to changing loss expectations will also have an impact to the valuation of the FDIC indemnification asset. Improvement in loss expectations will typically increase loan accretable yield and decrease the value of the FDIC indemnification asset and, in some instances, result in an amortizable premium on the FDIC indemnification asset. Increases in loss expectations will typically be recognized as impairment in the current period through allowance for loan losses while resulting in additional noninterest income for the amount of the increase in the FDIC indemnification asset.

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Other Intangible Assets

The Company is accounting for other intangible assets in accordance with FASB ASC 350, Intangibles - Goodwill and Others. Under FASB ASC 350, acquired intangible assets (such as core deposit intangibles) are separately recognized if the benefit of the assets can be sold, transferred, licensed, rented, or exchanged, and amortized over their useful lives The costs of purchased deposit relationships and other intangible assets, based on independent valuation by a qualified third party, are being amortized over their estimated lives. The core deposit intangible is evaluated for impairment in accordance with FASB ASC 350.

Income Taxes

Deferred income tax assets and liabilities are determined using the liability (or balance sheet) method. Under this method, the net deferred tax asset or liability is determined based on the tax effects of the temporary differences between the book and tax bases of the various balance sheet assets and liabilities and gives current recognition to changes in tax rates and laws.

When tax returns are filed, it is highly certain that some positions taken would be sustained upon examination by the taxing authorities, while others are subject to uncertainty about the merits of the position taken or the amount of the position that would be ultimately sustained. The benefit of a tax position is recognized in the financial statements in the period during which, based on all available evidence, management believes it is more likely than not that the position will be sustained upon examination, including the resolution of appeals or litigation processes, if any. Tax positions taken are not offset or aggregated with other positions. Tax positions that meet the more-likely-than-not recognition threshold are measured as the largest amount of tax benefit that is more than 50 percent likely of being realized upon settlement with the applicable taxing authority. The portion of the benefits associated with tax positions taken that exceeds the amount measured as described above is reflected as a liability for unrecognized tax benefits in the accompanying balance sheet along with any associated interest and penalties that would be payable to the taxing authorities upon examination. Interest and penalties associated with unrecognized tax benefits are classified as additional income taxes in the statement of income. Under FASB ASC 740, Income Taxes, a valuation allowance is provided when it is more likely than not that some portion of the deferred tax asset will not be realized. In management’s opinion, based on a three year taxable income projection, tax strategies which would result in potential securities gains and the effects of off-setting deferred tax liabilities, it is more likely than not that the deferred tax assets are realizable.

The Company and its subsidiaries are subject to U. S. federal income tax as well as various state income taxes. All years from 2010 through 2013 are open to examination by the respective tax authorities.

Other Real Estate Owned

Real estate acquired through, or in lieu of, loan foreclosure is held for sale and is initially recorded at the fair value at the date of foreclosure net of estimated disposal costs, establishing a new cost basis. Subsequent to foreclosure, valuations are periodically performed by management and the assets are carried at the lower of the carrying amount or the fair value less costs to sell. Revenues and expenses from operations and changes in the valuation allowance are included in other operating expenses. Costs to bring a property to salable condition are capitalized up to the fair value of the property while costs to maintain a property in salable condition are expensed as incurred.

RESULTS OF OPERATIONS

Overview

Net income was $1.8 million for the third quarter of 2014, compared with $1.8 million in the third quarter of 2013. Net income available to common shareholders was $1.8 million in the third quarter of 2014 compared with $1.5 million in the third quarter of 2013. Net income for the third quarter of 2014 versus the third quarter of 2013 reflected an increase of $31,000, or 1.7%. Earnings per common share, basic and fully diluted, were $0.08 per share for the third quarter of 2014 compared with $0.07 per share for the third quarter of 2013.

Net income was $5.3 million for the nine months ended September 30, 2014 compared with $4.7 million for the first nine months of 2013. The $544,000, or 11.5%, improvement year over year was primarily driven by an $828,000 reduction in noninterest expenses, attributed mainly to declines in OREO expense, data processing fees, amortization of intangibles, and FDIC indemnification asset amortization. Net income available to common shareholders was $5.0 million in the first nine months of 2014 compared with $3.9 million in the first nine months of 2013, an increase of 29.4%. Earnings per common share, basic and fully diluted, were $0.23 per share and $0.18 per share for the respective time frames.

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Net Interest Income

The Company’s operating results depend primarily on its net interest income, which is the difference between interest income on interest-earning assets, including securities and loans, and interest expense incurred on interest bearing liabilities, including deposits and other borrowed funds. Net interest income is affected by changes in the amount and mix of interest earning assets and interest bearing liabilities, referred to as a “volume change.” It is also affected by changes in yields earned on interest earning assets and rates paid on interest bearing deposits and other borrowed funds, referred to as a “rate change.”

Net interest income declined $540,000, or 4.7%, from the third quarter of 2013 to the third quarter of 2014. Interest income declined $506,000, or 3.8%, over this time period. The most significant decline was evidenced in the FDIC covered portfolio. Cash payments on loans related to pools that had previously been written down to a zero carrying value equaled $887,000 in the third quarter of 2013. Cash payments in the third quarter of 2014 were $221,000, representing a $666,000, or 75.1%, swing from the second quarter. Correspondingly, the yield on the covered loan portfolio fell from 18.11% for the third quarter of 2013 to 15.00% in the third quarter of 2014. While this loss in cash income was noteworthy and resulted in a decline in loan yields and the net interest margin, it was partially offset by the increase in non-covered loan income. Non-covered loan interest income increased $612,000, or 8.1%, when comparing the third quarter of 2014 with the third quarter of 2013. This increase was the direct result of robust loan growth noted during the second and third quarters of 2014. Interest income on non-covered loans and securities increased 6.10%, or $587,000, from the third quarter of 2013 to the same period in 2014 and is indicative of the influence of higher average loan balances.

Interest expense increased a modest $34,000, or 2.0%, when comparing the third quarter of 2014 and the third quarter of 2013. Interest expense on deposits declined $64,000, or 4.1%, while interest expense on other borrowings increased $97,000. The average balances on deposits declined $26.7 million year over year, which was primarily the result of the sale of four branches in Georgia. Meanwhile, the Company increased its level of FHLB borrowings to fund the sale. Over the same time frame, average FHLB advances increased $30.2 million, yet the expense associated with the borrowings declined $10,000. Lower advance rates more than offset the increased volume as the cost of these borrowings improved 49 basis points over this time frame. This increase is solely due to the interest related to the loan that the Company closed in the second quarter of 2014 for which the proceeds were used to pay off TARP. The interest on the loan equalled $107,000 for the third quarter of 2014, which approximates 56% of the expense of a TARP dividend, on an after tax basis. In the upcoming quarters the Company will seek to replace brokered deposits with retail deposits as part of the strategic initiative to add to or improve the retail network.

The tax equivalent net interest margin declined 27 basis points from 4.55% in the third quarter of 2013 to 4.28% in the third quarter of 2014. Likewise, the interest spread decreased from 4.49% to 4.22% over the same time period.  The decline in the margin was precipitated by the reduction in cash basis covered income which drove overall loan yields down 60 basis points.

Net interest income declined $445,000, or 1.4%, from the nine months ended September 30, 2013 to the first nine months of 2014. An $829,000 decline in interest income more than offset a decline of $384,000 in interest expense over this time period. Interest and fees on non-covered loans were $22.5 million compared with $22.6 million for the first nine months of 2014 and 2013, respectively. Despite a $30.6 million increase in average non-covered loan balances, the yield earned on these balances declined 29 basis points to 4.88% at September 30, 2014. Interest and fees on FDIC covered loans declined $272,000 when comparing the nine months ended September 30, 2014 to the same period in 2013. Cash payments on loans related to pools that were written down to a zero carrying value equaled $1.3 million during the first nine months of 2014 compared to cash payments of $991,000 for the same period in 2013. Interest income on securities was $5.8 million for the first nine months of 2014 compared with $6.2 million for the same period in 2013, a decrease of $388,000. Average balances on securities were $17.6 million lower in the third quarter of 2014 compared with the third quarter of 2013 as loan growth was robust, and the tax equivalent yield on the portfolio remained relatively unchanged at 2.74%. Volume increases in non-covered loans, noted above, should have a positive impact on net interest income in future quarters.

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The following tables set forth, for each category of interest-earning assets and interest bearing liabilities, the average amounts outstanding, the interest earned or paid on such amounts, and the average rate earned or paid for the three and nine months ended September 30, 2014 and 2013. The tables also set forth the average rate paid on total interest bearing liabilities, and the net interest margin on average total interest earning assets for the same periods. Except as indicated in the footnotes, no tax equivalent adjustments were made and all average balances are daily average balances. Any nonaccruing loans have been included in the table, as loans carrying a zero yield.

NET INTEREST MARGIN ANALYSIS

AVERAGE BALANCE SHEETS

(Dollars in thousands)

	Three months ended September 30, 2014								Three months ended September 30, 2013
						Average								Average
	Average			Interest		Rates			Average			Interest		Rates
	Balance			Income/		Earned/			Balance			Income/		Earned/
	Sheet			Expense		Paid			Sheet			Expense		Paid
ASSETS:
Loans, including fees	$	640,592		$	8,125		5.03	%	$	592,172		$	7,513		5.03	%
Loans covered by FDIC loss share		64,626			2,445		15.00			77,497			3,537		18.11
Total loans		705,218			10,570		5.95			669,669			11,051		6.55
Interest bearing bank balances		14,191			11		0.32			17,416			12		0.27
Federal funds sold		179			0		0.10			1,391			0		0.10
Securities (taxable)		266,321			1,813		2.72			293,941			1,933		2.63
Securities (tax exempt)		36,311			410		4.53			21,636			264		4.89
Total earning assets		1,022,220			12,804		4.97			1,004,052			13,261		5.24
Allowance for loan losses		(10,670	)							(11,932	)
Non-earning assets		113,927								129,392
Total assets	$	1,125,477							$	1,121,513
LIABILITIES AND STOCKHOLDERS' EQUITY
Demand - interest bearing	$	207,080		$	151		0.29	%	$	245,660		$	194		0.31	%
Savings		77,287			60		0.31			85,836			75		0.35
Time deposits		556,079			1,293		0.92			535,699			1,299		0.96
Total deposits		840,446			1,504		0.71			867,195			1,568		0.72
Short-term borrowings		1,744			2		0.61			654			1		0.68
FHLB and other borrowings		85,550			170		0.79			55,344			179		1.28
Long-term debt		10,387			107		4.02			-			-		-
Total interest bearing liabilities		938,127			1,783		0.75			923,193			1,748		0.75
Noninterest bearing deposits		79,434								84,428
Other liabilities		4,109								3,808
Total liabilities		1,021,670								1,011,429
Shareholders' equity		103,807								110,084
Total liabilities and shareholders' equity	$	1,125,477							$	1,121,513
Net interest earnings				$	11,021							$	11,513
Interest spread							4.22	%							4.49	%
Net interest margin							4.28	%							4.55	%

(1) Income and yields are reported on a tax equivalent basis assuming a federal tax rate of 34%.

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NET INTEREST MARGIN ANALYSIS

AVERAGE BALANCE SHEETS

(Dollars in thousands)

	Nine months ended September 30, 2014								Nine months ended September 30, 2013
						Average								Average
	Average			Interest		Rates			Average			Interest		Rates
	Balance			Income/		Earned/			Balance			Income/		Earned/
	Sheet			Expense		Paid			Sheet			Expense		Paid
ASSETS:
Loans, including fees	$	615,921		$	22,467		4.88	%	$	585,304		$	22,646		5.17	%
Loans covered by FDIC loss share		68,010			8,670		17.04			80,450			8,942		14.86
Total loans		683,931			31,137		6.09			665,754			31,588		6.34
Interest bearing bank balances		19,757			46		0.31			18,079			33		0.25
Federal funds sold		520			0		0.10			4,353			3		0.10
Securities (taxable)		271,680			5,221		2.56			295,689			5,717		2.58
Securities (tax exempt)		26,322			901		4.56			19,938			737		4.93
Total earning assets		1,002,210			37,305		4.98			1,003,813			38,079		5.07
Allowance for loan losses		(10,808	)							(12,763	)
Non-earning assets		115,194								130,516
Total assets	$	1,106,596							$	1,121,566
LIABILITIES AND STOCKHOLDERS' EQUITY
Demand - interest bearing	$	199,297		$	441		0.30	%	$	244,573		$	574		0.31	%
Savings		76,654			192		0.34			81,974			207		0.34
Time deposits		556,915			3,732		0.90			540,923			4,088		1.01
Total deposits		832,866			4,365		0.70			867,470			4,869		0.75
Short-term borrowings		986			4		0.57			710			4		0.73
FHLB and other borrowings		82,629			493		0.80			54,354			561		1.38
Long-term debt		6,200			188		4.00			-			-		-
Total interest bearing liabilities		922,681			5,050		0.74			922,535			5,433		0.79
Noninterest bearing deposits		73,962								80,377
Other liabilities		4,186								3,953
Total liabilities		1,000,829								1,006,865
Shareholders' equity		105,767								114,701
Total liabilities and shareholders' equity	$	1,106,596							$	1,121,566
Net interest earnings				$	32,255							$	32,646
Interest spread							4.24	%							4.28	%
Net interest margin							4.30	%							4.35	%

(1) Income and yields are reported on a tax equivalent basis assuming a federal tax rate of 34%.

Provision for Loan Losses

Management actively monitors the Company’s asset quality and provides specific loss provisions when necessary. Provisions for loan losses are charged to income to bring the total allowance for loan losses to a level deemed appropriate by management of the Company based on such factors as historical credit loss experience, industry diversification of the commercial loan portfolio, the amount of nonperforming loans and related collateral, the volume growth and composition of the loan portfolio, current economic conditions that may affect the borrower’s ability to pay and the value of collateral, the evaluation of the loan portfolio through the internal loan review function and other relevant factors. See Allowance for Loan Losses on Non-covered Loans in the Critical Accounting Policies section above for further discussion.

Loans are charged-off against the allowance for loan losses when appropriate. Although management believes it uses the best information available to make determinations with respect to the provision for loan losses, future adjustments may be necessary if economic conditions differ from the assumptions used in making the initial determinations.

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Management also actively monitors its covered and PCI loan portfolios for impairment and necessary loan loss provisions. Provisions for these loans may be necessary due to a change in expected cash flows or an increase in expected losses within a pool of loans.

The Company did not record a provision for loan losses in either the three month and nine month periods ended September 30, 2014 or 2013 with respect to either its non-covered loan portfolio or its FDIC covered loan portfolio.  For the non-covered loan portfolio, this was the direct result of continued improvement in loan quality. The Company’s level of classified and “impaired” loans continues to remain low.

There were net charge-offs of $392,000 in the third quarter of 2014 compared with net charge-offs of $870,000 in the third quarter of 2013.  Total charge-offs for the third quarter of 2014 were $603,000 compared with $1.0 million in the third quarter of 2013.  Recoveries of previously charged-off loans were $211,000 for the third quarter of 2014 compared with $148,000 in the third quarter of 2013.  

There were net charge-offs of $680,000 in the nine months ended September 30, 2014 compared with $2.3 million in the nine months ended September 30, 2013. Total charge-offs for the first nine months of 2014 were $1.2 million compared with $3.2 million for the same period in 2013. Recoveries were $520,000 in the nine months ended September 30, 2014 compared with $961,000 in the nine months ended September 30, 2013. 

Noninterest Income

Noninterest income increased $573,000, or 96.6%, from the third quarter of 2013 to the third quarter of 2014. The primary reason for the increase in noninterest income during the third quarter of 2014 versus the prior year was the loss of $614,000 on the sale of a loan in the third quarter of 2013. Otherwise, service charge income declined $157,000, or 21.2%, over the same time frame to equal $584,000 for the third quarter of 2014. This decline was driven by the elimination of service charge income from the former Georgia branches. Securities gains in the third quarter of 2013 were $38,000 versus $115,000 for the third quarter of 2014, an increase of 202.6%. Other operating income declined slightly by $33,000, or 14.4%, from the quarter ended September 30, 2013 to September 30, 2014. The major reason for this decline was a one-time $60,000 insurance benefit received in the third quarter of 2013.

For the nine months ended September 30, 2014, noninterest income totaled $3.4 million, an $180,000, or 5.5%, increase from the first nine months of 2013. Gains on the sales of loans were the single largest impetus for the increase. Loan sale gains increased $767,000 from the first nine months of 2013 to the first nine months of 2014. Management has selectively sold USDA loans to mitigate accelerated premium amortization, due to early payoff of loans held above par value. The Company also incurred a $614,000 loss on the sale of a non-USDA loan in the third quarter of 2013. This change year over year, more than offset a $471,000 reduction in service charge income as well as a $195,000 reduction in other operating income. The loss of service fee income was due to the sale of the Georgia branches. The reduction in other income was evidenced in a decline in mortgage income coupled with the one-time insurance benefit in the third quarter of 2013. The retail network strategy to add or improve locations should be of benefit to noninterest income in coming quarters through sources such as increased service charges and mortgage income.

Noninterest Expense

Noninterest expenses increased a modest $105,000, or 1.1%, when comparing the third quarter of 2013 to the same period in 2014. The two largest increases in noninterest expenses noted during this time frame were evidenced in OREO expenses and other operating expenses. OREO expenses equaled $392,000 for the third quarter of 2014, increasing $425,000 from the same quarter in the prior year. The increase was the direct result of a $463,000 write-down on one OREO property during the third quarter. Other operating expenses increased $274,000, or 20.5%, over the same time frame. Advertising expense and bank franchise tax increased $103,000 and $71,000, respectively. These expenses collectively resulted in the majority of the increase in other operating expenses and were partially mitigated by improvement in FDIC indemnification asset amortization, data processing fees, and intangible amortization. The Company benefitted from a $277,000, or 16.1%, decline in the indemnification asset amortization from the third quarter of 2013 to the third quarter of 2014. Data processing fees declined $130,000, or 26.8%, and intangible amortization improved $88,000, or 15.6%, over this time frame. The latter two savings were influenced heavily by the sale of the Georgia branches in the last quarter of 2013.

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Noninterest expenses declined $828,000, or 2.9%, when comparing the first nine months of 2013 and 2014. The majority of the decline was evidenced in four categories: OREO expenses, data processing fees, amortization of intangibles, and FDIC indemnification asset amortization. OREO expenses declined $431,000, or 35.7%, during the first nine months of 2014 when compared to the same period in 2013 despite the large write-down in the third quarter of this year. Data processing fees were $261,000 lower in the first nine months of 2014 compared with the same period in 2013, and intangible amortization was $265,000, or 15.6%, lower over the same time frame. These expense reductions were due in part to the sale of the Georgia branches. Lastly, the Company benefitted from a decrease of $394,000, or 8.2%, in indemnification asset amortization for the first nine months of 2014 versus the first nine months of 2013. Other operating expenses offset these expense improvements and were $4.4 million for the first nine months of 2014 compared with $3.8 million for the same period in 2013.

Income Taxes

Income tax expense was $697,000 for the three months ended September 30, 2014, compared with income tax expense of $800,000 for the third quarter of 2013. Income tax expense was $2.1 million and $2.0 million for the first nine months of 2014 and 2013, respectively.

FINANCIAL CONDITION

General

During the first nine months of 2014, total assets increased $39.3 million, or 3.6%, to $1.129 billion at September 30, 2014. Total loans were $708.6 million at September 30, 2014, increasing $39.1 million since December 31, 2013.  Total non-covered loans were $644.2 million at September 30, 2014 and $596.2 million at December 31, 2013, increasing $48.1 million, or 8.1%.

The September 30, 2014 total of non-covered loans includes $4.9 million of loans formerly categorized under the FDIC loss share arrangement, which are now categorized as non-covered loans (the “PCI loans”). While these loans no longer have FDIC loss guaranties, they are subject to SOP 03-3 accounting rules; thus, they will not receive consideration under the allowance for loan losses under the normal non-covered portfolio. Excluding the $4.9 million mentioned above, non-covered loans would have increased $43.2 million, or 7.2%, since December 31, 2013.

The majority of the loan growth has been in the commercial real estate and residential real estate categories. Commercial real estate loans grew $35.0 million, or 14.2%, while residential real estate loans grew $18.2 million, or 12.6%, since year end.

The Company’s securities portfolio, excluding equity securities, increased $10.3 million, or 3.5%, from $294.3 million at December 31, 2013 to $304.7 million at September 30, 2014. Realized gains of $494,000 occurred during the first nine months of 2014 through sales and call activity. During the third quarter of 2014, management purchased longer term, high quality tax-exempt municipal securities, which resulted in the growth noted above. The purchases, primarily designated as held-to-maturity, offered an opportunity to obtain attractive yields without being booked at fair value on a quarterly basis. Third quarter 2014 tax-exempt municipal purchases were booked at a tax-equivalent yield of 4.40%.

The Company had cash and cash equivalents of $18.5 million and $23.8 million at September 30, 2014 and December 31, 2013, respectively. Federal funds purchased at September 30, 2014 aggregated $3.3 million compared with zero at December 31, 2013, and there were no securities sold under agreements to repurchase (repos) at September 30, 2014, versus $6.0 million in repos at December 31, 2013.

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The Company is required to account for the effect of market changes in the value of securities available-for-sale (AFS) under FASB ASC 320, Investments – Debt and Equity Securities. The market value of the AFS portfolio was $258.2 million at September 30, 2014 and $265.8 million at December 31, 2013. At September 30, 2014, the Company had a net unrealized gain on the AFS portfolio of $92,000 compared with a net unrealized loss of $6.0 million at December 31, 2013. This increase is attributed to a $6.2 million increase in the municipal category. These securities exhibit more price volatility in a changing interest rate environment, in the Company’s portfolio, because of their longer weighted average life, than other categories contained within the rest of the portfolio.  Municipal securities comprise 53% of the total AFS portfolio at September 30, 2014.

Interest bearing deposits at September 30, 2014 were $840.2 million, an increase of $18.0 million from December 31, 2013. NOW, MMDA and Savings account balances increased $2.7 million, $3.5 million, and $2.5 million, respectively, since December 31, 2013. Time deposit account balances increased $9.2 million, or 1.7%, during the first nine months of 2014. Brokered time deposits declined $18.6 million, or 17.7%, since year end as management allowed brokered time deposits to mature as needed. Brokered funding was used, in part, to fund the sale of the Georgia branches, and the corresponding generation of retail deposits was precipitated by several promotions management ran during the first nine months 2014. This was a strategic initiative to retain core retail funding while not increasing interest expense substantively.

FHLB advances were $81.6 million at September 30, 2014, compared with $77.1 million at December 31, 2013. The Company increased the level of FHLB advances due to the low cost nature of this funding source and to assist with funding the sale of the Georgia franchise in the fourth quarter of 2013. Long term debt totaled $9.7 million at September 30, 2014. This borrowing, initially in the amount of $10.7 million, was obtained in April 2014, and the proceeds were used to redeem the Company’s remaining outstanding TARP preferred stock. The Company made a $1.0 million principal payment during the third quarter.

Shareholders’ equity was $104.5 million at September 30, 2014 and $106.7 million at December 31, 2013. While $11.5 million in equity was redeemed in connection with the repurchase of the TARP preferred stock and the associated warrant, shareholders’ equity declined only $2.1 million, or 2.0%. The offset was solid earnings retention as well as a $4.0 million improvement in other comprehensive income related to the unrealized gains and losses in the investment portfolio.

Asset Quality – non-covered assets, excluding PCI loans

The allowance for loan losses represents management’s estimate of the amount appropriate to provide for probable losses inherent in the loan portfolio.

Non-covered loan quality is continually monitored, and the Company’s management has established an allowance for loan losses that it believes is appropriate for the risks inherent in the loan portfolio. Among other factors, management considers the Company’s historical loss experience, the size and composition of the loan portfolio, the value and appropriateness of collateral and guarantors, nonperforming loans and current and anticipated economic conditions. There are additional risks of future loan losses, which cannot be precisely quantified nor attributed to particular loans or classes of loans. Because those risks include general economic trends, as well as conditions affecting individual borrowers, the allowance for loan losses is an estimate. The allowance is also subject to regulatory examinations and determination as to appropriateness, which may take into account such factors as the methodology used to calculate the allowance and size of the allowance in comparison to peer companies identified by regulatory agencies. See Allowance for Loan Losses on Non-covered Loans in the Critical Accounting Policies section above for further discussion.

The Company maintains a list of non-covered loans that have potential weaknesses and thus may need special attention. This loan list is used to monitor such loans and is used in the determination of the appropriateness of the allowance for loan losses. Non-covered nonperforming assets totaled $15.9 million at September 30, 2014 and net charge-offs were $680,000 for the nine months ended September 30, 2014. This compares with nonperforming assets of $18.3 million and net charge-offs of $2.5 million at and for the year ended December 31, 2013.

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Nonperforming non-covered loans were $9.7 million at September 30, 2014, declining from $12.1 million at December 31, 2013. The $2.4 million reduction in nonperforming loans since December 31, 2013 was the net result of $3.0 million in additions to nonperforming loans and $5.4 million in reductions.  With respect to the reductions to nonperforming loans, $1.2 million were returned to accruing status, $1.1 million were charged off, $1.1 million were moved to OREO, and $2.0 million were the result of payments to existing credits. 

The allowance for loan losses equaled 102.98% of non-covered nonaccrual loans at September 30, 2014 compared with 86.28% at December 31, 2013. The ratio of the allowance for loan losses to total nonperforming assets was 62.03% at September 30, 2014, compared with 56.92% at December 31, 2013.  The ratio of nonperforming assets to loans and OREO continued to decline. The ratio was 2.46% at September 30, 2014 versus 3.05% at December 31, 2013.

In accordance with GAAP, an individual loan is impaired when, based on current information and events, it is probable that a creditor will be unable to collect all amounts due in accordance with contractual terms of the loan agreement. The Company considers all troubled debt restructured and nonaccrual loans to be impaired loans. In addition, the Company reviews all substandard and doubtful loans that are not on nonaccrual status, as well as loans with other risk characteristics, pursuant to and specifically for compliance with the accounting definition of impairment as described above. These impaired loans have been determined through analysis, appraisals, or other methods used by management.

See Note 3 to the Company’s financial statements for information related to the allowance for loan losses. At September 30, 2014 and December 31, 2013, total impaired non-covered loans equaled $9.9 million and $13.8 million, respectively.

The following table sets forth selected asset quality data, excluding FDIC covered assets and PCI loans, and ratios for the dates indicated (dollars in thousands):

	September 30, 2014			December 31, 2013
Nonaccrual loans	$	9,481		$	12,105
Loans past due 90 days and accruing interest		178			—
Total nonperforming non-covered loans		9,659			12,105
OREO – non-covered		6,261			6,244
Total nonperforming non-covered assets	$	15,920		$	18,349
Accruing troubled debt restructure loans	$	6,117		$	9,922
Balances
Specific reserve on impaired loans		1,065			1,604
General reserve related to unimpaired loans		8,699			8,840
Total allowance for loan losses		9,764			10,444
Average loans during quarter, net of unearned income		635,477			585,461
Impaired loans		9,852			13,801
Non-impaired loans		619,708			582,372
Total loans, net of unearned income		629,560			596,173
Ratios
Allowance for loan losses to loans		1.55	%		1.75	%
Allowance for loan losses to nonperforming assets		62.03			56.92
Allowance for loan losses to nonaccrual loans		102.98			86.28
General reserve to non-impaired loans		1.40			1.52
Nonaccrual loans to loans		1.48			2.03
Nonperforming assets to loans and OREO		2.46			3.05
Net charge-offs for quarter to average loans, annualized		0.25			0.14

46

The Company performs troubled debt restructures (TDR) and other various loan workouts whereby an existing loan may be restructured into multiple new loans. At September 30, 2014, the Company had 16 loans that met the definition of a TDR, which are loans that for reasons related to the debtor’s financial difficulties have been restructured on terms and conditions that would otherwise not be offered or granted. Three of these loans were restructured using multiple new loans. The aggregated outstanding principal of TDR loans at September 30, 2014 was $6.9 million, of which $738,000 were classified as nonaccrual.

The primary benefit of the restructured multiple loan workout strategy is to maximize the potential return by restructuring the loan into a “good loan” (the A loan) and a “bad loan” (the B loan). The impact on interest is positive because the Bank is collecting interest on the A loan rather than potentially not collecting interest on the entire original loan structure. The A loan is underwritten pursuant to the Bank’s standard requirements and graded accordingly. The B loan is classified as either “doubtful” or “loss”. An impairment analysis is performed on the B loan and, based on its results, all or a portion of the B note is charged-off or a specific loan loss reserve is established.

The Company does not modify its nonaccrual policies in this arrangement, and the A loan and the B loan stand on their own terms. At inception, this structure meets the definition of a TDR. If the loan is on nonaccrual at the time of restructure, the A loan is held on nonaccrual until six consecutive payments have been received, at which time it may be put back on an accrual status. The B loan is placed on nonaccrual. Under the terms of each loan, the borrower’s payment is contractually due.

A further breakout of nonaccrual loans, excluding covered loans, at September 30, 2014 and December 31, 2013 is below (dollars in thousands):

	September 30, 2014		December 31, 2013
Mortgage loans on real estate:
Residential 1-4 family	$	3,748	$	4,229
Commercial		624		1,382
Construction and land development		4,950		5,882
Second mortgages		61		225
Multifamily		—		—
Agriculture		—		205
Total real estate loans		9,383		11,923
Commercial loans		8		127
Consumer installment loans		90		55
All other loans		—		—
Total loans	$	9,481	$	12,105

At September 30, 2014, the Company had eight construction and land development credit relationships in nonaccrual status. The borrowers for all of these relationships are residential land developers. All of the relationships are secured by the real estate to be developed and are in the Company’s central Virginia market. The total amount of the credit exposure outstanding at September 30, 2014 was $4.9 million. These loans have either been charged-down or sufficiently reserved against to equal the current expected realizable value.

There were no charge-offs related to these relationships during the first six months of 2014. The total amount of the allowance for loan losses attributed to all eight relationships was $543,000 at September 30, 2014, or 11.0% of the total credit exposure outstanding. The Company establishes its reserves as described above in Allowance for Loan Losses on Non-covered Loans in the Critical Accounting Policies section. In conjunction with the impairment analysis the Company performs as part of its allowance methodology, the Company ordered appraisals for all loans with balances in excess of $250,000 unless there existed an appraisal that was not older than 12 months. The Company orders an automated valuation for balances between $100,000 and $250,000 and uses a ratio analysis for balances less than $100,000. The Company maintains detailed analysis and other information for its allowance methodology, both for internal purposes and for review by its regulators.

47

Asset Quality – covered assets and PCI loans

Loans accounted for under FASB ASC 310-30 are generally considered accruing and performing loans as the loans accrete interest income over the estimated life of the loan. Accordingly, acquired impaired loans that are contractually past due are still considered to be accruing and performing loans.

The Company makes an estimate of the total cash flows that it expects to collect from a pool of covered loans, which include undiscounted expected principal and interest. Over the life of the loan or pool, the Company continues to estimate cash flows expected to be collected. Subsequent decreases in cash flows expected to be collected over the life of the pool are recognized as impairment in the current period through the allowance for loan losses. Subsequent increases in expected cash flows are first used to reverse any existing valuation allowance for that loan or pool. Any remaining increase in cash flows expected to be collected is recognized as an adjustment to the yield over the remaining life of the pool.

Capital Requirements

The determination of capital adequacy depends upon a number of factors, such as asset quality, liquidity, earnings, growth trends and economic conditions. The Company seeks to maintain a strong capital base exceeding regulatory minimums for well capitalized institutions to support its growth and expansion plans, provide stability to current operations and promote public confidence in the Company.

The federal banking regulators have defined three tests for assessing the capital strength and adequacy of banks, based on two definitions of capital. “Tier 1 capital” is defined as common equity, retained earnings and qualifying perpetual preferred stock, less certain intangibles. “Tier 2 capital” is defined as specific subordinated debt, some hybrid capital instruments and other qualifying preferred stock and a limited amount of the loan loss allowance. “Total capital” is defined as tier 1 capital plus tier 2 capital. Three risk-based capital ratios are computed using the above capital definitions, total assets and risk-weighted assets and are measured against regulatory minimums to ascertain adequacy. All assets and off-balance sheet risk items are grouped into categories according to degree of risk and assigned a risk-weighting and the resulting total is risk-weighted assets. “Tier 1 risk-based capital” is tier 1 capital divided by risk-weighted assets. “Total risk-based capital” is total capital divided by risk-weighted assets. The leverage ratio is tier 1 capital divided by total average assets.

The Company’s ratio of total risk-based capital was 14.7% at September 30, 2014 compared with 16.8% at December 31, 2013. The tier 1 risk-based capital ratio was 13.5% at September 30, 2014 and 15.6% at December 31, 2013. The Company’s tier 1 leverage ratio was 9.3% at September 30, 2014 and 9.5% at December 31, 2013.  All capital ratios exceed regulatory minimums to be considered well capitalized. The decline in the ratios is primarily from the repayment of the TARP.

The Company issued shares of Series A Preferred Stock to the United States Department of the Treasury in connection with the Company’s participation in the Treasury’s TARP Capital Purchase Program in December 2008. During 2013, the Company repurchased 7,000 shares of the original 17,680 shares of Series A Preferred Stock. The Company funded the repurchases through the earnings of its banking subsidiary.

On April 23, 2014, the Company repurchased the remaining 10,680 shares of Series A Preferred Stock. The Company funded the repurchase through an unsecured third-party term loan (See Note 7). The form of the repurchase was a redemption under the terms of the TARP preferred stock.  The Company paid the Treasury $10.9 million, which represented 100% of the par value of the preferred stock repurchased plus accrued dividends with respect to such shares. 

On June 4, 2014, the Company paid the Treasury $780,000 to repurchase the warrant associated with the Series A Preferred Stock.  The Company had originally issued the warrant, which permitted Treasury to purchase 780,000 shares of the Company's common stock at an exercise price of $3.40, in December 2008. There are no other investments from the Company's participation in TARP that remain outstanding.

48

Liquidity

Liquidity represents the Company’s ability to meet present and future financial obligations through either the sale or maturity of existing assets or the acquisition of additional funds through liability management. Liquid assets include cash, interest bearing deposits with banks, federal funds sold and certain investment securities. As a result of the Company’s management of liquid assets and the ability to generate liquidity through liability funding, management believes that the Company maintains overall liquidity sufficient to satisfy its depositors’ requirements and meet its customers’ credit needs.

The Company’s results of operations are significantly affected by its ability to manage effectively the interest rate sensitivity and maturity of its interest earning assets and interest bearing liabilities. A summary of the Company’s liquid assets at September 30, 2014 and December 31, 2013 was as follows (dollars in thousands):

	September 30, 2014			December 31, 2013
Cash and due from banks	$	8,335		$	10,857
Interest bearing bank deposits		10,160			12,978
Available for sale securities, at fair value, unpledged		217,888			185,278
Total liquid assets	$	236,383		$	209,113
Deposits and other liabilities		1,024,250			982,873
Ratio of liquid assets to deposits and other liabilities		23.08	%		21.28	%

Off-Balance Sheet Arrangements and Contractual Obligations

A summary of the contract amount of the Company’s exposure to off-balance sheet and balance sheet risk as of September 30, 2014 and December 31, 2013, is as follows (dollars in thousands):

	September 30, 2014		December 31, 2013
Commitments with off-balance sheet risk:
Commitments to extend credit	$	78,685	$	72,183
Standby letters of credit		7,459		9,978
Total commitments with off-balance sheet risks	$	86,144	$	82,161
Commitments with balance sheet risk:
Loans held for sale	$	239	$	100
Total commitments with balance sheet risks		239		100
Total commitments	$	86,383	$	82,261

Commitments to extend credit are agreements to lend to a customer as long as there is no violation of any condition established in the contract. Commitments generally have fixed expiration dates or other termination clauses and may require payment of a fee. Since many of the commitments are expected to expire without being drawn upon, the total commitment amounts do not necessarily represent future cash requirements. The Company evaluates each customer’s credit worthiness on a case-by-case basis. The amount of collateral obtained, if deemed necessary by the Company upon extension of credit, is based on management’s credit evaluation of the counterparty. Collateral held varies but may include accounts receivable, inventory, property and equipment, and income-producing commercial properties. Unfunded commitments under lines of credit are commitments for possible future extensions of credit to existing customers. Those lines of credit may be drawn upon only to the total extent to which the Company is committed.

Standby letters of credit are conditional commitments issued by the Company to guarantee the performance of a customer to a third party. Those guarantees are primarily issued to support public and private borrowing arrangements, including commercial paper, bond financing, and similar transactions. The credit risk involved in issuing letters of credit is essentially the same as that involved in extending loan facilities to clients. The Company holds certificates of deposit, deposit accounts, and real estate as collateral supporting those commitments for which collateral is deemed necessary.

49

Item 3. Quantitative and Qualitative Disclosures About Market Risk

Market risk is the risk of loss in a financial instrument arising from adverse changes in market rates or prices such as interest rates, foreign currency exchange rates, commodity prices and equity prices. The Company’s primary market risk exposure is interest rate risk. The ongoing monitoring and management of interest rate risk is an important component of the Company’s asset/liability management process, which is governed by policies established by its Board of Directors that are reviewed and approved annually. The Board of Directors delegates responsibility for carrying out asset/liability management policies to the Asset/Liability Committee (ALCO) of the Bank. In this capacity, ALCO develops guidelines and strategies that govern the Company’s asset/liability management related activities, based upon estimated market risk sensitivity, policy limits and overall market interest rate levels and trends.

Interest rate risk represents the sensitivity of earnings to changes in market interest rates. As interest rates change, the interest income and expense streams associated with the Company’s financial instruments also change, affecting net interest income, the primary component of the Company’s earnings. ALCO uses the results of a detailed and dynamic simulation model to quantify the estimated exposure of net interest income to sustained interest rate changes. While ALCO routinely monitors simulated net interest income sensitivity over various periods, it also employs additional tools to monitor potential longer-term interest rate risk.

The simulation model captures the impact of changing interest rates on the interest income received and interest expense paid on all assets and liabilities reflected on the Company’s balance sheet. The simulation model is prepared and updated monthly. This sensitivity analysis is compared to ALCO policy limits, which specify a maximum tolerance level for net interest income exposure over a one-year horizon, assuming no balance sheet growth, given a 200 basis point upward shift and a 200 basis point downward shift in interest rates. A parallel shift in rates over a 12-month period is assumed. The following table represents the change to net interest income given interest rate shocks up and down 100 and 200 basis points at September 30, 2014:

	Change in net interest income
	%			$
Change in Yield curve
+200 bp		(3.2	)%	$	(1,198	)
+100 bp		(2.1	)		(792	)
most likely		0			—
−100 bp		2.5			958
−200 bp		0.8			314

At September 30, 2014, the Company’s interest rate risk model indicated that, in a rising rate environment of 200 basis points over a 12 month period, net interest income could decrease by 3.2%. For the same time period, the interest rate risk model indicated that in a declining rate environment of 200 basis points, net interest income could increase by 0.8%. While these percentages are subjective based upon assumptions used within the model, management believes the balance sheet is appropriately balanced with acceptable risk to changes in interest rates.

The preceding sensitivity analysis does not represent a forecast and should not be relied upon as being indicative of expected operating results. These hypothetical estimates are based upon numerous assumptions, including the nature and timing of interest rate levels such as yield curve shape, prepayments on loans and securities, deposit decay rates, pricing decisions on loans and deposits, reinvestment or replacement of asset and liability cash flows. While assumptions are developed based upon current economic and local market conditions, the Company cannot make any assurances about the predictive nature of these assumptions, including how customer preferences or competitor influences might change.

50

Also, as market conditions vary from those assumed in the sensitivity analysis, actual results will also differ due to factors such as prepayment and refinancing levels likely deviating from those assumed, the varying impact of interest rate change, caps or floors on adjustable rate assets, the potential effect of changing debt service levels on customers with adjustable rate loans, depositor early withdrawals and product preference changes, and other internal and external variables. Furthermore, the sensitivity analysis does not reflect actions that ALCO might take in response to, or in anticipation of, changes in interest rates.

Item 4. Controls and Procedures

Evaluation of Disclosure Controls and Procedures

As of the end of the period covered by this Form 10-Q, the Company’s management, with the participation of the Company’s chief executive officer and its chief financial officer (“the Certifying Officers”), conducted evaluations of the Company’s disclosure controls and procedures. As defined under Section 13a-15(e) of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), the term “disclosure controls and procedures” means controls and other procedures of an issuer that are designed to ensure that information required to be disclosed by the issuer in the reports that it files or submits under the Exchange Act is recorded, processed, summarized and reported, within the time periods specified in the SEC’s rules and forms. Disclosure controls and procedures include, without limitation, controls and procedures designed to ensure that information required to be disclosed by an issuer in the reports that it files or submits under the Exchange Act is accumulated and communicated to the issuer’s management, including the Certifying Officers, to allow timely decisions regarding required disclosures.

Based on this evaluation, the Certifying Officers have concluded that the Company’s disclosure controls and procedures were effective to ensure that material information is recorded, processed, summarized and reported by management of the Company on a timely basis in order to comply with the Company’s disclosure obligations under the Exchange Act and the rules and regulations promulgated under it.

Internal Control over Financial Reporting

The management of the Company is responsible for establishing and maintaining adequate internal control over financial reporting. The Company’s internal control over financial reporting is a process designed under the supervision of the Certifying Officers to provide reasonable assurance regarding the reliability of financial reporting and the preparation of the Company’s financial statements for external purposes in accordance with U.S. generally accepted accounting principles. There were no changes in the Company’s internal control over financial reporting identified in connection with the evaluation of it that occurred during the Company’s last fiscal quarter that materially affected, or are reasonably likely to materially affect, internal control over financial reporting.

PART II. OTHER INFORMATION

Item 1.  Legal Proceedings

There are no material pending legal proceedings, other than ordinary routine litigation incidental to the Company’s business, to which the Company, including its subsidiaries, is a party or of which the property of the Company is subject.

Item 1A.  Risk Factors

As of the date of this report, there were no material changes to the risk factors previously disclosed in the Company’s Annual Report on Form 10-K for the year ended December 31, 2013.

Item 2.  Unregistered Sales of Equity Securities and Use of Proceeds

None.

51

Item 3.  Defaults upon Senior Securities

None.

Item 4.  Mine Safety Disclosures

Not applicable

Item 5.  Other Information

None.

Item 6.  Exhibits

Exhibit No.	Description
31.1	Rule 13a-14(a)/15d-14(a) Certification for Chief Executive Officer*
31.2	Rule 13a-14(a)/15d-14(a) Certification for Chief Financial Officer*
32.1	Section 1350 Certifications*
101	Interactive Data File with respect to the following materials from the Company’s Quarterly Report on Form 10-Q for the period ended September 30, 2014 formatted in Extensible Business Reporting Language (XBRL): (i) the Consolidated Balance Sheets, (ii) the Unaudited Consolidated Statements of Income, (iii) the Unaudited Consolidated Statements of Comprehensive Income (Loss), (iv) the Unaudited Consolidated Statements of Shareholders’ Equity, (v) the Unaudited Consolidated Statements of Cash Flows, and (vi) Notes to Unaudited Consolidated Financial Statements*

* Filed herewith.

52

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.

	COMMUNITY BANKERS  TRUST CORPORATION
	(Registrant)
	/s/ Rex L. Smith, III
	Rex L. Smith, III
	President and Chief Executive Officer
	(principal executive officer)
Date: November 7, 2014
	/s/ Bruce E. Thomas
	Bruce E. Thomas
	Executive Vice President and Chief Financial Officer
	(principal financial officer)
Date:  November 7, 2014

53

EX-31.1

Exhibit 31.1

CERTIFICATIONS

I, Rex L. Smith, III, certify that:

1. I have reviewed this Quarterly Report on Form 10-Q for the period ended September 30, 2014 of Community Bankers Trust Corporation;

2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

3. Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;

4. The registrant’s other certifying officer and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15(d)-15(f)) for the registrant and have:

a. Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

b. Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

c. Evaluated the effectiveness of the registrant’s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and

d. Disclosed in this report any change in the registrant’s internal control over financial reporting that occurred during the registrant’s most recent fiscal quarter (the registrant’s fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting; and

5. The registrant’s other certifying officer and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant’s auditors and the audit committee of the registrant’s board of directors (or persons performing the equivalent functions):

a. All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant’s ability to record, process, summarize and report financial information; and

b. Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant’s internal control over financial reporting.

	/s/ Rex L. Smith, III
	Rex L. Smith, III
	President and Chief Executive Officer
	(principal executive officer)
Date:  November 7, 2014

EX-31.2

Exhibit 31.2

CERTIFICATIONS

I, Bruce E. Thomas, certify that:

1. I have reviewed this Quarterly Report on Form 10-Q for the period ended September 30, 2014 of Community Bankers Trust Corporation;

2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

3. Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;

4. The registrant’s other certifying officer and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15(d)-15(f)) for the registrant and have:

a. Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

b. Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

c. Evaluated the effectiveness of the registrant’s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and

d. Disclosed in this report any change in the registrant’s internal control over financial reporting that occurred during the registrant’s most recent fiscal quarter (the registrant’s fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting; and

5. The registrant’s other certifying officer and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant’s auditors and the audit committee of the registrant’s board of directors (or persons performing the equivalent functions):

a. All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant’s ability to record, process, summarize and report financial information; and

b. Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant’s internal control over financial reporting.

/s/ Bruce E. Thomas

Bruce E. Thomas

Executive Vice President

and Chief Financial Officer

(principal financial officer)

Date: November 7, 2014

EX-32.1

Exhibit 32.1

CERTIFICATION PURSUANT TO

18 U.S.C. §1350,

AS ADOPTED PURSUANT TO

SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002

In connection with the Quarterly Report on Form 10-Q for the period ended September 30, 2014 (the “Report”) of Community Bankers Trust Corporation (the “Company”), the undersigned President and Chief Executive Officer and Executive Vice President and Chief Financial Officer certify, pursuant to 18 U.S.C. §1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, that, to their knowledge:

(1) The Report fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934; and

(2) The information contained in the Report fairly presents, in all material respects, the consolidated financial condition and results of operations of the Company and its subsidiaries as of, and for, the periods presented in the Report.

/s/ Rex L. Smith, III

Rex L. Smith, III

President and Chief Executive Officer

(principal executive officer)

/s/ Bruce E. Thomas

Bruce E. Thomas

Executive Vice President

and Chief Financial Officer

(principal financial officer)

Date: November 7, 2014

XML

Loans Not Covered By FDIC Shared-Loss Agreement (Non-Covered Loans) And Related Allowance For Loan Losses (Schedule of Change in Accretable Yield Balance for PCI Loans) (Details) (PCI Loans [Member], USD $) In Thousands, unless otherwise specified	9 Months Ended
	Sep. 30, 2014
PCI Loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Beginning Balance	$ 4,773
Accretion	(388)
Reclassification from nonaccretable yield	697
Ending Balance	$ 5,082

XML

FDIC Agreements and FDIC Indemnification Asset (Summary Balances of FDIC Indemnification Asset) (Details) (USD $) In Thousands, unless otherwise specified	3 Months Ended		9 Months Ended		12 Months Ended
	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2014	Sep. 30, 2013	Dec. 31, 2013
Fdic Agreements And Fdic Indemnification Asset [Line Items]
Beginning Balance			$ 25,409	$ 33,837	$ 33,837
Increases:
Writedown of OREO property to FMV			27		275
Decreases:
Net amortization of premium	(1,439)	(1,716)	(4,415)	(4,809)	(6,449)
Reclassifications to FDIC receivable:
Net loan charge-offs and recoveries			(117)		(1,014)
OREO sales			(494)		(944)
Reimbursements requested from FDIC			(95)		(296)
Ending Balance	20,315		20,315		25,409
Anticipated Expected Losses [Member]
Fdic Agreements And Fdic Indemnification Asset [Line Items]
Beginning Balance			13,514	23,205	23,205
Increases:
Writedown of OREO property to FMV			34		344
Reclassifications to FDIC receivable:
Net loan charge-offs and recoveries			(146)		(1,268)
OREO sales			(618)		(1,180)
Reimbursements requested from FDIC			(118)		(370)
Reforecasted Change in Anticipated Expected Losses			(6,628)		(7,217)
Ending Balance	6,038		6,038		13,514
Estimated Loss Sharing Value [Member]
Fdic Agreements And Fdic Indemnification Asset [Line Items]
Beginning Balance			10,811	18,564	18,564
Increases:
Writedown of OREO property to FMV			27		275
Reclassifications to FDIC receivable:
Net loan charge-offs and recoveries			(117)		(1,014)
OREO sales			(494)		(944)
Reimbursements requested from FDIC			(95)		(296)
Reforecasted Change in Anticipated Expected Losses			(5,302)		(5,774)
Ending Balance	4,830		4,830		10,811
Amortizable Premium (Discount) at Present Value [Member]
Fdic Agreements And Fdic Indemnification Asset [Line Items]
Beginning Balance			14,598	15,273	15,273
Decreases:
Net amortization of premium			(4,415)		(6,449)
Reclassifications to FDIC receivable:
Reforecasted Change in Anticipated Expected Losses			5,302		5,774
Ending Balance	$ 15,485		$ 15,485		$ 14,598

XML

Loans Not Covered by FDIC Shared-Loss Agreement (Non-Covered Loans) and Related Allowance for Loan Losses (Non-Covered Loans, Excluding PCI Loans, by Credit Quality Indicator) (Details) (USD $) In Thousands, unless otherwise specified	Sep. 30, 2014	Dec. 31, 2013
Noncancelable Obligations Future Minimum Payments Due [Line Items]
Total loans	$ 644,429	$ 596,337
Mortgage Loans on Real Estate [Member]
Noncancelable Obligations Future Minimum Payments Due [Line Items]
Total loans	546,566	499,137
Commercial Loans [Member]
Noncancelable Obligations Future Minimum Payments Due [Line Items]
Total loans	90,707	90,142
Consumer Installment Loans [Member]
Noncancelable Obligations Future Minimum Payments Due [Line Items]
Total loans	5,667	5,623
All Other Loans [Member]
Noncancelable Obligations Future Minimum Payments Due [Line Items]
Total loans	1,489	1,435
Residential 1-4 Family [Member] | Mortgage Loans on Real Estate [Member]
Noncancelable Obligations Future Minimum Payments Due [Line Items]
Total loans	162,572	144,382
Commercial [Member] | Mortgage Loans on Real Estate [Member]
Noncancelable Obligations Future Minimum Payments Due [Line Items]
Total loans	282,281	247,284
Construction and Land Development [Member] | Mortgage Loans on Real Estate [Member]
Noncancelable Obligations Future Minimum Payments Due [Line Items]
Total loans	53,529	55,278
Second Mortgages [Member] | Mortgage Loans on Real Estate [Member]
Noncancelable Obligations Future Minimum Payments Due [Line Items]
Total loans	6,576	6,854
Multifamily [Member] | Mortgage Loans on Real Estate [Member]
Noncancelable Obligations Future Minimum Payments Due [Line Items]
Total loans	34,108	35,774
Agriculture [Member] | Mortgage Loans on Real Estate [Member]
Noncancelable Obligations Future Minimum Payments Due [Line Items]
Total loans	7,500	9,565
Non-Covered Loans Excluding PCI Loans [Member]
Noncancelable Obligations Future Minimum Payments Due [Line Items]
Total loans	639,513	596,337
Non-Covered Loans Excluding PCI Loans [Member] | Mortgage Loans on Real Estate [Member]
Noncancelable Obligations Future Minimum Payments Due [Line Items]
Total loans	541,650	499,137
Non-Covered Loans Excluding PCI Loans [Member] | Commercial Loans [Member]
Noncancelable Obligations Future Minimum Payments Due [Line Items]
Total loans	90,707	90,142
Non-Covered Loans Excluding PCI Loans [Member] | Consumer Installment Loans [Member]
Noncancelable Obligations Future Minimum Payments Due [Line Items]
Total loans	5,667	5,623
Non-Covered Loans Excluding PCI Loans [Member] | All Other Loans [Member]
Noncancelable Obligations Future Minimum Payments Due [Line Items]
Total loans	1,489	1,435
Non-Covered Loans Excluding PCI Loans [Member] | Residential 1-4 Family [Member] | Mortgage Loans on Real Estate [Member]
Noncancelable Obligations Future Minimum Payments Due [Line Items]
Total loans	161,541	144,382
Non-Covered Loans Excluding PCI Loans [Member] | Commercial [Member] | Mortgage Loans on Real Estate [Member]
Noncancelable Obligations Future Minimum Payments Due [Line Items]
Total loans	281,070	247,284
Non-Covered Loans Excluding PCI Loans [Member] | Construction and Land Development [Member] | Mortgage Loans on Real Estate [Member]
Noncancelable Obligations Future Minimum Payments Due [Line Items]
Total loans	50,873	55,278
Non-Covered Loans Excluding PCI Loans [Member] | Second Mortgages [Member] | Mortgage Loans on Real Estate [Member]
Noncancelable Obligations Future Minimum Payments Due [Line Items]
Total loans	6,558	6,854
Non-Covered Loans Excluding PCI Loans [Member] | Multifamily [Member] | Mortgage Loans on Real Estate [Member]
Noncancelable Obligations Future Minimum Payments Due [Line Items]
Total loans	34,108	35,774
Non-Covered Loans Excluding PCI Loans [Member] | Agriculture [Member] | Mortgage Loans on Real Estate [Member]
Noncancelable Obligations Future Minimum Payments Due [Line Items]
Total loans	7,500	9,565
Non-Covered Loans Excluding PCI Loans [Member] | Pass [Member]
Noncancelable Obligations Future Minimum Payments Due [Line Items]
Total loans	592,943	548,426
Non-Covered Loans Excluding PCI Loans [Member] | Pass [Member] | Mortgage Loans on Real Estate [Member]
Noncancelable Obligations Future Minimum Payments Due [Line Items]
Total loans	506,310	454,439
Non-Covered Loans Excluding PCI Loans [Member] | Pass [Member] | Commercial Loans [Member]
Noncancelable Obligations Future Minimum Payments Due [Line Items]
Total loans	79,593	87,208
Non-Covered Loans Excluding PCI Loans [Member] | Pass [Member] | Consumer Installment Loans [Member]
Noncancelable Obligations Future Minimum Payments Due [Line Items]
Total loans	5,551	5,344
Non-Covered Loans Excluding PCI Loans [Member] | Pass [Member] | All Other Loans [Member]
Noncancelable Obligations Future Minimum Payments Due [Line Items]
Total loans	1,489	1,435
Non-Covered Loans Excluding PCI Loans [Member] | Pass [Member] | Residential 1-4 Family [Member] | Mortgage Loans on Real Estate [Member]
Noncancelable Obligations Future Minimum Payments Due [Line Items]
Total loans	147,482	129,482
Non-Covered Loans Excluding PCI Loans [Member] | Pass [Member] | Commercial [Member] | Mortgage Loans on Real Estate [Member]
Noncancelable Obligations Future Minimum Payments Due [Line Items]
Total loans	266,700	229,168
Non-Covered Loans Excluding PCI Loans [Member] | Pass [Member] | Construction and Land Development [Member] | Mortgage Loans on Real Estate [Member]
Noncancelable Obligations Future Minimum Payments Due [Line Items]
Total loans	45,254	44,482
Non-Covered Loans Excluding PCI Loans [Member] | Pass [Member] | Second Mortgages [Member] | Mortgage Loans on Real Estate [Member]
Noncancelable Obligations Future Minimum Payments Due [Line Items]
Total loans	5,266	6,172
Non-Covered Loans Excluding PCI Loans [Member] | Pass [Member] | Multifamily [Member] | Mortgage Loans on Real Estate [Member]
Noncancelable Obligations Future Minimum Payments Due [Line Items]
Total loans	34,108	35,774
Non-Covered Loans Excluding PCI Loans [Member] | Pass [Member] | Agriculture [Member] | Mortgage Loans on Real Estate [Member]
Noncancelable Obligations Future Minimum Payments Due [Line Items]
Total loans	7,500	9,361
Non-Covered Loans Excluding PCI Loans [Member] | Special Mention [Member]
Noncancelable Obligations Future Minimum Payments Due [Line Items]
Total loans	21,517	25,111
Non-Covered Loans Excluding PCI Loans [Member] | Special Mention [Member] | Mortgage Loans on Real Estate [Member]
Noncancelable Obligations Future Minimum Payments Due [Line Items]
Total loans	19,388	22,147
Non-Covered Loans Excluding PCI Loans [Member] | Special Mention [Member] | Commercial Loans [Member]
Noncancelable Obligations Future Minimum Payments Due [Line Items]
Total loans	2,107	2,742
Non-Covered Loans Excluding PCI Loans [Member] | Special Mention [Member] | Consumer Installment Loans [Member]
Noncancelable Obligations Future Minimum Payments Due [Line Items]
Total loans	22	222
Non-Covered Loans Excluding PCI Loans [Member] | Special Mention [Member] | All Other Loans [Member]
Noncancelable Obligations Future Minimum Payments Due [Line Items]
Total loans
Non-Covered Loans Excluding PCI Loans [Member] | Special Mention [Member] | Residential 1-4 Family [Member] | Mortgage Loans on Real Estate [Member]
Noncancelable Obligations Future Minimum Payments Due [Line Items]
Total loans	8,958	8,193
Non-Covered Loans Excluding PCI Loans [Member] | Special Mention [Member] | Commercial [Member] | Mortgage Loans on Real Estate [Member]
Noncancelable Obligations Future Minimum Payments Due [Line Items]
Total loans	8,895	11,348
Non-Covered Loans Excluding PCI Loans [Member] | Special Mention [Member] | Construction and Land Development [Member] | Mortgage Loans on Real Estate [Member]
Noncancelable Obligations Future Minimum Payments Due [Line Items]
Total loans	491	2,178
Non-Covered Loans Excluding PCI Loans [Member] | Special Mention [Member] | Second Mortgages [Member] | Mortgage Loans on Real Estate [Member]
Noncancelable Obligations Future Minimum Payments Due [Line Items]
Total loans	1,044	428
Non-Covered Loans Excluding PCI Loans [Member] | Special Mention [Member] | Multifamily [Member] | Mortgage Loans on Real Estate [Member]
Noncancelable Obligations Future Minimum Payments Due [Line Items]
Total loans
Non-Covered Loans Excluding PCI Loans [Member] | Special Mention [Member] | Agriculture [Member] | Mortgage Loans on Real Estate [Member]
Noncancelable Obligations Future Minimum Payments Due [Line Items]
Total loans
Non-Covered Loans Excluding PCI Loans [Member] | Substandard [Member]
Noncancelable Obligations Future Minimum Payments Due [Line Items]
Total loans	25,053	22,800
Non-Covered Loans Excluding PCI Loans [Member] | Substandard [Member] | Mortgage Loans on Real Estate [Member]
Noncancelable Obligations Future Minimum Payments Due [Line Items]
Total loans	15,952	22,551
Non-Covered Loans Excluding PCI Loans [Member] | Substandard [Member] | Commercial Loans [Member]
Noncancelable Obligations Future Minimum Payments Due [Line Items]
Total loans	9,007	192
Non-Covered Loans Excluding PCI Loans [Member] | Substandard [Member] | Consumer Installment Loans [Member]
Noncancelable Obligations Future Minimum Payments Due [Line Items]
Total loans	94	57
Non-Covered Loans Excluding PCI Loans [Member] | Substandard [Member] | All Other Loans [Member]
Noncancelable Obligations Future Minimum Payments Due [Line Items]
Total loans
Non-Covered Loans Excluding PCI Loans [Member] | Substandard [Member] | Residential 1-4 Family [Member] | Mortgage Loans on Real Estate [Member]
Noncancelable Obligations Future Minimum Payments Due [Line Items]
Total loans	5,101	6,707
Non-Covered Loans Excluding PCI Loans [Member] | Substandard [Member] | Commercial [Member] | Mortgage Loans on Real Estate [Member]
Noncancelable Obligations Future Minimum Payments Due [Line Items]
Total loans	5,475	6,768
Non-Covered Loans Excluding PCI Loans [Member] | Substandard [Member] | Construction and Land Development [Member] | Mortgage Loans on Real Estate [Member]
Noncancelable Obligations Future Minimum Payments Due [Line Items]
Total loans	5,128	8,618
Non-Covered Loans Excluding PCI Loans [Member] | Substandard [Member] | Second Mortgages [Member] | Mortgage Loans on Real Estate [Member]
Noncancelable Obligations Future Minimum Payments Due [Line Items]
Total loans	248	254
Non-Covered Loans Excluding PCI Loans [Member] | Substandard [Member] | Multifamily [Member] | Mortgage Loans on Real Estate [Member]
Noncancelable Obligations Future Minimum Payments Due [Line Items]
Total loans
Non-Covered Loans Excluding PCI Loans [Member] | Substandard [Member] | Agriculture [Member] | Mortgage Loans on Real Estate [Member]
Noncancelable Obligations Future Minimum Payments Due [Line Items]
Total loans		204
Non-Covered Loans Excluding PCI Loans [Member] | Doubtful [Member]
Noncancelable Obligations Future Minimum Payments Due [Line Items]
Total loans
Non-Covered Loans Excluding PCI Loans [Member] | Doubtful [Member] | Mortgage Loans on Real Estate [Member]
Noncancelable Obligations Future Minimum Payments Due [Line Items]
Total loans
Non-Covered Loans Excluding PCI Loans [Member] | Doubtful [Member] | Commercial Loans [Member]
Noncancelable Obligations Future Minimum Payments Due [Line Items]
Total loans
Non-Covered Loans Excluding PCI Loans [Member] | Doubtful [Member] | Consumer Installment Loans [Member]
Noncancelable Obligations Future Minimum Payments Due [Line Items]
Total loans
Non-Covered Loans Excluding PCI Loans [Member] | Doubtful [Member] | All Other Loans [Member]
Noncancelable Obligations Future Minimum Payments Due [Line Items]
Total loans
Non-Covered Loans Excluding PCI Loans [Member] | Doubtful [Member] | Residential 1-4 Family [Member] | Mortgage Loans on Real Estate [Member]
Noncancelable Obligations Future Minimum Payments Due [Line Items]
Total loans
Non-Covered Loans Excluding PCI Loans [Member] | Doubtful [Member] | Commercial [Member] | Mortgage Loans on Real Estate [Member]
Noncancelable Obligations Future Minimum Payments Due [Line Items]
Total loans
Non-Covered Loans Excluding PCI Loans [Member] | Doubtful [Member] | Construction and Land Development [Member] | Mortgage Loans on Real Estate [Member]
Noncancelable Obligations Future Minimum Payments Due [Line Items]
Total loans
Non-Covered Loans Excluding PCI Loans [Member] | Doubtful [Member] | Second Mortgages [Member] | Mortgage Loans on Real Estate [Member]
Noncancelable Obligations Future Minimum Payments Due [Line Items]
Total loans
Non-Covered Loans Excluding PCI Loans [Member] | Doubtful [Member] | Multifamily [Member] | Mortgage Loans on Real Estate [Member]
Noncancelable Obligations Future Minimum Payments Due [Line Items]
Total loans
Non-Covered Loans Excluding PCI Loans [Member] | Doubtful [Member] | Agriculture [Member] | Mortgage Loans on Real Estate [Member]
Noncancelable Obligations Future Minimum Payments Due [Line Items]
Total loans

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Deposits (Summary of Interest Bearing Deposits) (Details) (USD $) In Thousands, unless otherwise specified	Sep. 30, 2014	Dec. 31, 2013
Deposits [Abstract]
NOW	$ 104,788	$ 102,111
MMDA	97,718	94,170
Savings	77,664	75,159
Time deposits less than $100,000	240,045	235,482
Time deposits $100,000 and over	319,971	315,287
Total interest bearing deposits	$ 840,186	$ 822,209

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Loans Not Covered by FDIC Shared-Loss Agreement (Non-Covered Loans) and Related Allowance for Loan Losses (Non-Covered Loans Evaluated for Impairment) (Details) (USD $)	Sep. 30, 2014	Dec. 31, 2013	Mar. 31, 2014 PCI Loans [Member]	Sep. 30, 2014 Allowance for Loan Losses [Member]		Dec. 31, 2013 Allowance for Loan Losses [Member]		Sep. 30, 2014 Allowance for Loan Losses [Member] PCI Loans [Member]	Sep. 30, 2014 Recorded Investment in Loans [Member]		Dec. 31, 2013 Recorded Investment in Loans [Member]		Sep. 30, 2014 Recorded Investment in Loans [Member] PCI Loans [Member]	Sep. 30, 2014 Mortgage Loans on Real Estate [Member]	Dec. 31, 2013 Mortgage Loans on Real Estate [Member]	Sep. 30, 2014 Mortgage Loans on Real Estate [Member] Allowance for Loan Losses [Member]		Dec. 31, 2013 Mortgage Loans on Real Estate [Member] Allowance for Loan Losses [Member]		Sep. 30, 2014 Mortgage Loans on Real Estate [Member] Allowance for Loan Losses [Member] PCI Loans [Member]	Sep. 30, 2014 Mortgage Loans on Real Estate [Member] Recorded Investment in Loans [Member]		Dec. 31, 2013 Mortgage Loans on Real Estate [Member] Recorded Investment in Loans [Member]		Sep. 30, 2014 Mortgage Loans on Real Estate [Member] Recorded Investment in Loans [Member] PCI Loans [Member]	Sep. 30, 2014 Commercial Loans [Member]	Dec. 31, 2013 Commercial Loans [Member]	Sep. 30, 2014 Commercial Loans [Member] Allowance for Loan Losses [Member]		Dec. 31, 2013 Commercial Loans [Member] Allowance for Loan Losses [Member]		Sep. 30, 2014 Commercial Loans [Member] Allowance for Loan Losses [Member] PCI Loans [Member]	Sep. 30, 2014 Commercial Loans [Member] Recorded Investment in Loans [Member]		Dec. 31, 2013 Commercial Loans [Member] Recorded Investment in Loans [Member]		Sep. 30, 2014 Commercial Loans [Member] Recorded Investment in Loans [Member] PCI Loans [Member]	Sep. 30, 2014 Consumer Installment Loans [Member]	Dec. 31, 2013 Consumer Installment Loans [Member]	Sep. 30, 2014 Consumer Installment Loans [Member] Allowance for Loan Losses [Member]		Dec. 31, 2013 Consumer Installment Loans [Member] Allowance for Loan Losses [Member]		Sep. 30, 2014 Consumer Installment Loans [Member] Allowance for Loan Losses [Member] PCI Loans [Member]	Sep. 30, 2014 Consumer Installment Loans [Member] Recorded Investment in Loans [Member]		Dec. 31, 2013 Consumer Installment Loans [Member] Recorded Investment in Loans [Member]		Sep. 30, 2014 Consumer Installment Loans [Member] Recorded Investment in Loans [Member] PCI Loans [Member]	Sep. 30, 2014 All Other Loans [Member]	Dec. 31, 2013 All Other Loans [Member]	Sep. 30, 2014 All Other Loans [Member] Allowance for Loan Losses [Member]		Dec. 31, 2013 All Other Loans [Member] Allowance for Loan Losses [Member]		Sep. 30, 2014 All Other Loans [Member] Allowance for Loan Losses [Member] PCI Loans [Member]	Sep. 30, 2014 All Other Loans [Member] Recorded Investment in Loans [Member]		Dec. 31, 2013 All Other Loans [Member] Recorded Investment in Loans [Member]		Sep. 30, 2014 All Other Loans [Member] Recorded Investment in Loans [Member] PCI Loans [Member]	Sep. 30, 2014 Residential 1-4 Family [Member] Mortgage Loans on Real Estate [Member]	Dec. 31, 2013 Residential 1-4 Family [Member] Mortgage Loans on Real Estate [Member]	Sep. 30, 2014 Residential 1-4 Family [Member] Mortgage Loans on Real Estate [Member] Allowance for Loan Losses [Member]		Dec. 31, 2013 Residential 1-4 Family [Member] Mortgage Loans on Real Estate [Member] Allowance for Loan Losses [Member]		Sep. 30, 2014 Residential 1-4 Family [Member] Mortgage Loans on Real Estate [Member] Allowance for Loan Losses [Member] PCI Loans [Member]	Sep. 30, 2014 Residential 1-4 Family [Member] Mortgage Loans on Real Estate [Member] Recorded Investment in Loans [Member]		Dec. 31, 2013 Residential 1-4 Family [Member] Mortgage Loans on Real Estate [Member] Recorded Investment in Loans [Member]		Sep. 30, 2014 Residential 1-4 Family [Member] Mortgage Loans on Real Estate [Member] Recorded Investment in Loans [Member] PCI Loans [Member]	Sep. 30, 2014 Commercial [Member] Mortgage Loans on Real Estate [Member]	Dec. 31, 2013 Commercial [Member] Mortgage Loans on Real Estate [Member]	Sep. 30, 2014 Commercial [Member] Mortgage Loans on Real Estate [Member] Allowance for Loan Losses [Member]		Dec. 31, 2013 Commercial [Member] Mortgage Loans on Real Estate [Member] Allowance for Loan Losses [Member]		Sep. 30, 2014 Commercial [Member] Mortgage Loans on Real Estate [Member] Allowance for Loan Losses [Member] PCI Loans [Member]	Sep. 30, 2014 Commercial [Member] Mortgage Loans on Real Estate [Member] Recorded Investment in Loans [Member]		Dec. 31, 2013 Commercial [Member] Mortgage Loans on Real Estate [Member] Recorded Investment in Loans [Member]		Sep. 30, 2014 Commercial [Member] Mortgage Loans on Real Estate [Member] Recorded Investment in Loans [Member] PCI Loans [Member]	Sep. 30, 2014 Construction and Land Development [Member] Mortgage Loans on Real Estate [Member]	Dec. 31, 2013 Construction and Land Development [Member] Mortgage Loans on Real Estate [Member]	Sep. 30, 2014 Construction and Land Development [Member] Mortgage Loans on Real Estate [Member] Allowance for Loan Losses [Member]		Dec. 31, 2013 Construction and Land Development [Member] Mortgage Loans on Real Estate [Member] Allowance for Loan Losses [Member]		Sep. 30, 2014 Construction and Land Development [Member] Mortgage Loans on Real Estate [Member] Allowance for Loan Losses [Member] PCI Loans [Member]	Sep. 30, 2014 Construction and Land Development [Member] Mortgage Loans on Real Estate [Member] Recorded Investment in Loans [Member]		Dec. 31, 2013 Construction and Land Development [Member] Mortgage Loans on Real Estate [Member] Recorded Investment in Loans [Member]		Sep. 30, 2014 Construction and Land Development [Member] Mortgage Loans on Real Estate [Member] Recorded Investment in Loans [Member] PCI Loans [Member]	Sep. 30, 2014 Second Mortgages [Member] Mortgage Loans on Real Estate [Member]	Dec. 31, 2013 Second Mortgages [Member] Mortgage Loans on Real Estate [Member]	Sep. 30, 2014 Second Mortgages [Member] Mortgage Loans on Real Estate [Member] Allowance for Loan Losses [Member]		Dec. 31, 2013 Second Mortgages [Member] Mortgage Loans on Real Estate [Member] Allowance for Loan Losses [Member]		Sep. 30, 2014 Second Mortgages [Member] Mortgage Loans on Real Estate [Member] Allowance for Loan Losses [Member] PCI Loans [Member]	Sep. 30, 2014 Second Mortgages [Member] Mortgage Loans on Real Estate [Member] Recorded Investment in Loans [Member]		Dec. 31, 2013 Second Mortgages [Member] Mortgage Loans on Real Estate [Member] Recorded Investment in Loans [Member]		Sep. 30, 2014 Second Mortgages [Member] Mortgage Loans on Real Estate [Member] Recorded Investment in Loans [Member] PCI Loans [Member]	Sep. 30, 2014 Multifamily [Member] Mortgage Loans on Real Estate [Member]	Dec. 31, 2013 Multifamily [Member] Mortgage Loans on Real Estate [Member]	Sep. 30, 2014 Multifamily [Member] Mortgage Loans on Real Estate [Member] Allowance for Loan Losses [Member]		Dec. 31, 2013 Multifamily [Member] Mortgage Loans on Real Estate [Member] Allowance for Loan Losses [Member]		Sep. 30, 2014 Multifamily [Member] Mortgage Loans on Real Estate [Member] Allowance for Loan Losses [Member] PCI Loans [Member]	Sep. 30, 2014 Multifamily [Member] Mortgage Loans on Real Estate [Member] Recorded Investment in Loans [Member]		Dec. 31, 2013 Multifamily [Member] Mortgage Loans on Real Estate [Member] Recorded Investment in Loans [Member]		Sep. 30, 2014 Multifamily [Member] Mortgage Loans on Real Estate [Member] Recorded Investment in Loans [Member] PCI Loans [Member]	Sep. 30, 2014 Agriculture [Member] Mortgage Loans on Real Estate [Member]	Dec. 31, 2013 Agriculture [Member] Mortgage Loans on Real Estate [Member]	Sep. 30, 2014 Agriculture [Member] Mortgage Loans on Real Estate [Member] Allowance for Loan Losses [Member]		Dec. 31, 2013 Agriculture [Member] Mortgage Loans on Real Estate [Member] Allowance for Loan Losses [Member]		Sep. 30, 2014 Agriculture [Member] Mortgage Loans on Real Estate [Member] Allowance for Loan Losses [Member] PCI Loans [Member]	Sep. 30, 2014 Agriculture [Member] Mortgage Loans on Real Estate [Member] Recorded Investment in Loans [Member]		Dec. 31, 2013 Agriculture [Member] Mortgage Loans on Real Estate [Member] Recorded Investment in Loans [Member]		Sep. 30, 2014 Agriculture [Member] Mortgage Loans on Real Estate [Member] Recorded Investment in Loans [Member] PCI Loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Allowance for Loan Losses, Individually Evaluated for Impairment				$ 1,565,000	[1]	$ 1,843,000	[1]									$ 1,122,000	[1]	$ 1,816,000	[1]									$ 427,000	[1]	$ 18,000	[1]									$ 16,000	[1]	$ 9,000	[1]										[1]		[1]									$ 458,000	[1]	$ 923,000	[1]									$ 69,000	[1]	$ 200,000	[1]									$ 553,000	[1]	$ 651,000	[1]									$ 42,000	[1]	$ 42,000	[1]										[1]		[1]										[1]		[1]
Allowance for Loan Losses, Collectively Evaluated for Impairment				8,199,000		8,601,000										7,320,000		6,955,000										764,000		1,528,000										86,000		92,000										29,000		26,000										2,736,000		2,930,000										3,349,000		2,133,000										900,000		1,601,000										85,000		59,000										186,000		151,000										64,000		81,000
Allowance for Loan Losses	9,862,000	10,444,000	98,000	9,862,000		10,444,000		98,000								8,540,000		8,771,000		98,000								1,191,000		1,546,000										102,000		101,000										29,000		26,000										3,194,000		3,853,000										3,516,000		2,333,000		98,000								1,453,000		2,252,000										127,000		101,000										186,000		151,000										64,000		81,000
Recorded Investment in Loans, Individually Evaluated for Impairment									28,440,000	[1]	24,051,000	[1]									19,339,000	[1]	23,802,000	[1]									9,007,000	[1]	192,000	[1]									94,000	[1]	57,000	[1]										[1]		[1]									6,736,000	[1]	6,708,000	[1]									7,228,000	[1]	8,016,000	[1]									5,127,000	[1]	8,619,000	[1]									248,000	[1]	254,000	[1]										[1]		[1]										[1]	205,000	[1]
Recorded Investment in Loans, Collectively Evaluated for Impairment									611,072,000		572,286,000										522,310,000		475,335,000										81,700,000		89,950,000										5,573,000		5,566,000										1,489,000		1,435,000										154,804,000		137,674,000										273,842,000		239,268,000										45,746,000		46,659,000										6,310,000		6,600,000										34,108,000		35,774,000										7,500,000		9,360,000
Recorded Investment in Loans, Related to PCI loans													4,917,000												4,917,000																																																1,032,000												1,211,000												2,656,000												18,000
Total Loans	$ 644,429,000	$ 596,337,000							$ 644,429,000		$ 596,337,000			$ 546,566,000	$ 499,137,000						$ 546,566,000		$ 499,137,000			$ 90,707,000	$ 90,142,000						$ 90,707,000		$ 90,142,000			$ 5,667,000	$ 5,623,000						$ 5,667,000		$ 5,623,000			$ 1,489,000	$ 1,435,000						$ 1,489,000		$ 1,435,000			$ 162,572,000	$ 144,382,000						$ 162,572,000		$ 144,382,000			$ 282,281,000	$ 247,284,000						$ 282,281,000		$ 247,284,000			$ 53,529,000	$ 55,278,000						$ 53,529,000		$ 55,278,000			$ 6,576,000	$ 6,854,000						$ 6,576,000		$ 6,854,000			$ 34,108,000	$ 35,774,000						$ 34,108,000		$ 35,774,000			$ 7,500,000	$ 9,565,000						$ 7,500,000		$ 9,565,000

[1] The category “Individually Evaluated for Impairment” includes loans individually evaluated for impairment and determined not to be impaired. These loans totalled $18.6 million and $10.3 million at September 30, 2014 and December 31, 2013, respectively. The allowance for loans losses allocated to these loans was $500,000 and $239,000 at September 30, 2014 and December 31, 2013, respectively.

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Securities (Amortized Cost and Fair Value of Securities by Contractual Maturity) (Details) (USD $) In Thousands, unless otherwise specified	Sep. 30, 2014	Dec. 31, 2013
Amortized Cost And Fair Value Debt Securities [Abstract]
Due in one year or less, Held to Maturity, Amortized Cost	$ 1,264
Due after one year through five years, Held to Maturity, Amortized Cost	22,137
Due after five years through ten years, Held to Maturity, Amortized Cost	14,430
Due after ten years, Held to Maturity, Amortized Cost	8,645
Total securities, Held to Maturity, Amortized Cost	46,476	28,563
Due in one year or less, Held to Maturity, Fair Value	1,280
Due after one year through five years, Held to Maturity, Fair Value	23,436
Due after five years through ten years, Held to Maturity, Fair Value	14,643
Due after ten years, Held to Maturity, Fair Value	8,703
Securities Held to Maturity, Fair Value	48,062	30,305
Due in one year or less, Available for Sale, Amortized Cost	5,479
Due after one year through five years, Available for Sale, Amortized Cost	50,303
Due after five years through ten years, Available for Sale, Amortized Cost	146,542
Due after ten years, Available for Sale, Amortized Cost	55,795
Total securities, Available for Sale, Amortized Cost	258,119	271,768
Due in one year or less, Available for Sale, Fair Value	5,454
Due after one year through five years, Available for Sale, Fair Value	50,573
Due after five years through ten years, Available for Sale, Fair Value	147,433
Due after ten years, Available for Sale, Fair Value	54,751
Securities Available for Sale, Fair Value	$ 258,211	$ 265,777

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Accumulated Other Comprehensive Loss (Summary of Accumulated Other Comprehensive (Loss) Income) (Details) (USD $) In Thousands, unless otherwise specified	3 Months Ended		9 Months Ended
	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2014	Sep. 30, 2013
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning balance	$ (600)	$ (2,294)	$ (4,109)	$ 2,828
Other comprehensive income (loss) before reclassifications	580	(1,460)	4,339	(6,313)
Amounts reclassified from AOCL	(76)	(25)	(326)	(294)
Net current period other comprehensive loss	504	(1,485)	4,013	(6,607)
Ending balance	(96)	(3,779)	(96)	(3,779)
Unrealized Gain (Loss) on Securities [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning balance	(445)	(1,256)	(3,954)	3,866
Other comprehensive income (loss) before reclassifications	580	(1,460)	4,339	(6,313)
Amounts reclassified from AOCL	(76)	(25)	(326)	(294)
Net current period other comprehensive loss	504	(1,485)	4,013	(6,607)
Ending balance	59	(2,741)	59	(2,741)
Amortization of Defined Benefit Pension Items [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning balance	(155)	(1,038)	(155)	(1,038)
Other comprehensive income (loss) before reclassifications
Amounts reclassified from AOCL
Net current period other comprehensive loss
Ending balance	$ (155)	$ (1,038)	$ (155)	$ (1,038)

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Deposits (Tables)

9 Months Ended

Sep. 30, 2014

Deposits [Abstract]

Summary of Interest Bearing Deposits

The following table provides interest bearing deposit information, by type, as of September 30, 2014 and December 31, 2013 (dollars in thousands):

	September 30, 2014		December 31, 2013
NOW	$	104,788	$	$ 102,111
MMDA		97,718		94,170
Savings		77,664		75,159
Time deposits less than $100,000		240,045		235,482
Time deposits $100,000 and over		319,971		315,287
Total interest bearing deposits	$	840,186	$	$ 822,209

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Loans Covered by FDIC Shared-Loss Agreements (Covered Loans) and Related Allowance for Loan Losses (Summary of Covered Loans) (Detail) (USD $) In Thousands, unless otherwise specified	Sep. 30, 2014	Dec. 31, 2013
Accounts, Notes, Loans and Financing Receivable [Line Items]
Recorded investment in loans	$ 64,338	$ 73,275
% of Covered Loans	100.00%	100.00%
Mortgage Loans on Real Estate [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Recorded investment in loans	64,338	73,275
% of Covered Loans	100.00%	100.00%
Residential 1-4 Family [Member] | Mortgage Loans on Real Estate [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Recorded investment in loans	60,528	64,610
% of Covered Loans	94.08%	88.18%
Commercial [Member] | Mortgage Loans on Real Estate [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Recorded investment in loans		1,389
% of Covered Loans		1.90%
Construction and Land Development [Member] | Mortgage Loans on Real Estate [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Recorded investment in loans		2,940
% of Covered Loans		4.01%
Second Mortgages [Member] | Mortgage Loans on Real Estate [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Recorded investment in loans	3,536	3,898
% of Covered Loans	5.50%	5.32%
Multifamily [Member] | Mortgage Loans on Real Estate [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Recorded investment in loans	274	266
% of Covered Loans	0.42%	0.36%
Agriculture [Member] | Mortgage Loans on Real Estate [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Recorded investment in loans		$ 172
% of Covered Loans		0.23%

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Loans Not Covered by FDIC Shared-Loss Agreement (Non-Covered Loans) and Related Allowance for Loan Losses (Summarizes Non-Accrual Loans, Excluding PCI Loans, by Loan Category) (Details) (USD $) In Thousands, unless otherwise specified	Sep. 30, 2014	Dec. 31, 2013
Noncancelable Obligations Future Minimum Payments Due [Line Items]
Total loans	$ 9,481	$ 12,105
Mortgage Loans on Real Estate [Member]
Noncancelable Obligations Future Minimum Payments Due [Line Items]
Total loans	9,383	11,923
Commercial Loans [Member]
Noncancelable Obligations Future Minimum Payments Due [Line Items]
Total loans	8	127
Consumer Installment Loans [Member]
Noncancelable Obligations Future Minimum Payments Due [Line Items]
Total loans	90	55
All Other Loans [Member]
Noncancelable Obligations Future Minimum Payments Due [Line Items]
Total loans
Residential 1-4 Family [Member] | Mortgage Loans on Real Estate [Member]
Noncancelable Obligations Future Minimum Payments Due [Line Items]
Total loans	3,748	4,229
Commercial [Member] | Mortgage Loans on Real Estate [Member]
Noncancelable Obligations Future Minimum Payments Due [Line Items]
Total loans	624	1,382
Construction and Land Development [Member] | Mortgage Loans on Real Estate [Member]
Noncancelable Obligations Future Minimum Payments Due [Line Items]
Total loans	4,950	5,882
Second Mortgages [Member] | Mortgage Loans on Real Estate [Member]
Noncancelable Obligations Future Minimum Payments Due [Line Items]
Total loans	61	225
Multifamily [Member] | Mortgage Loans on Real Estate [Member]
Noncancelable Obligations Future Minimum Payments Due [Line Items]
Total loans
Agriculture [Member] | Mortgage Loans on Real Estate [Member]
Noncancelable Obligations Future Minimum Payments Due [Line Items]
Total loans		$ 205

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Loans Not Covered by FDIC Shared-Loss Agreement (Non-Covered Loans) and Related Allowance for Loan Losses (Summary of Non-Covered Loans) (Details) (USD $) In Thousands, unless otherwise specified	Sep. 30, 2014	Dec. 31, 2013
Accounts, Notes, Loans and Financing Receivable [Line Items]
Gross loans	$ 644,429	$ 596,337
Less unearned income on loans	(188)	(164)
% of Non-Covered Loans	100.00%	100.00%
Non-covered loans, net of unearned income	644,241	596,173
Mortgage Loans on Real Estate [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Gross loans	546,566	499,137
% of Non-Covered Loans	84.81%	83.70%
Mortgage Loans on Real Estate [Member] | Residential 1-4 Family [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Gross loans	162,572	144,382
% of Non-Covered Loans	25.23%	24.21%
Mortgage Loans on Real Estate [Member] | Commercial [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Gross loans	282,281	247,284
% of Non-Covered Loans	43.80%	41.47%
Mortgage Loans on Real Estate [Member] | Construction and Land Development [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Gross loans	53,529	55,278
% of Non-Covered Loans	8.31%	9.27%
Mortgage Loans on Real Estate [Member] | Second Mortgages [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Gross loans	6,576	6,854
% of Non-Covered Loans	1.02%	1.15%
Mortgage Loans on Real Estate [Member] | Multifamily [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Gross loans	34,108	35,774
% of Non-Covered Loans	5.29%	6.00%
Mortgage Loans on Real Estate [Member] | Agriculture [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Gross loans	7,500	9,565
% of Non-Covered Loans	1.16%	1.60%
Commercial Loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Gross loans	90,707	90,142
% of Non-Covered Loans	14.08%	15.12%
Consumer Installment Loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Gross loans	5,667	5,623
% of Non-Covered Loans	0.88%	0.94%
All Other Loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Gross loans	$ 1,489	$ 1,435
% of Non-Covered Loans	0.23%	0.24%

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Loans Covered by FDIC Shared-Loss Agreements (Covered Loans) and Related Allowance for Loan Losses (Summary of Changes in Accretable Yield) (Details) (Covered Loan [Member], USD $) In Thousands, unless otherwise specified	9 Months Ended	12 Months Ended
	Sep. 30, 2014	Dec. 31, 2013
Covered Loan [Member]
Accretable Yield [Line Items]
Beginning Balance	$ 51,515	$ 54,144
Accretion	(8,660)	(11,936)
Reclassification from nonaccretable yield	8,674	9,307
Transfer of PCI loans to non-covered loans	(4,773)
Ending Balance	$ 46,756	$ 51,515

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Branch Sales (Narrative) (Details) (USD $)	Sep. 30, 2014	Dec. 31, 2013
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Property, Plant and Equipment,held for sale	$ 26,255,000	$ 27,872,000
Crofton Branch [Member] | Building [Member]
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Property, Plant and Equipment,held for sale	2,800,000
Cantonsville Branch [Member] | Equipment [Member]
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Property, Plant and Equipment,held for sale	$ 464,000
Forecast [Member] | Crofton Branch [Member]
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Percentage of area leased	66.00%

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Fair Values of Assets and Liabilities (Assets and Liabilities Measured at Fair Value on Nonrecurring Basis) (Details) (USD $) In Thousands, unless otherwise specified	Sep. 30, 2014	Dec. 31, 2013
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Other real estate owned (OREO), non-covered	$ 6,261	$ 6,244
Other real estate owned (OREO), covered	1,752	2,692
Fair Value, Measurements, Nonrecurring [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Impaired loans, non-covered	8,789	10,334
Other real estate owned (OREO), non-covered	6,261	6,244
Other real estate owned (OREO), covered	1,752	2,692
Total assets at fair value	16,802	19,270
Total liabilities at fair value
Level 1 [Member] | Fair Value, Measurements, Nonrecurring [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Impaired loans, non-covered
Other real estate owned (OREO), non-covered
Other real estate owned (OREO), covered
Total assets at fair value
Total liabilities at fair value
Level 2 [Member] | Fair Value, Measurements, Nonrecurring [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Impaired loans, non-covered		1,791
Other real estate owned (OREO), non-covered
Other real estate owned (OREO), covered
Total assets at fair value		1,791
Total liabilities at fair value
Level 3 [Member] | Fair Value, Measurements, Nonrecurring [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Impaired loans, non-covered	8,789	8,543
Other real estate owned (OREO), non-covered	6,261	6,244
Other real estate owned (OREO), covered	1,752	2,692
Total assets at fair value	16,802	17,479
Total liabilities at fair value

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Loans Not Covered by FDIC Shared-Loss Agreement (Non-Covered Loans) and Related Allowance for Loan Losses (Non-Covered Loans Evaluated for Impairment Footnote) (Details) (USD $)	Sep. 30, 2014	Dec. 31, 2013
Accounts Notes And Loans Receivable [Line Items]
Individually evaluated for impairment	$ 18,600,000	$ 10,300,000
Loans Determined not to be Impaired [Member]
Accounts Notes And Loans Receivable [Line Items]
Allowance for loans losses	$ 500,000	$ 239,000

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Securities

9 Months Ended

Sep. 30, 2014

Securities [Abstract]

Securities

2.  SECURITIES

Amortized costs and fair values of securities available for sale and held to maturity at September 30, 2014 and December 31, 2013 were as follows(dollars in thousands):

				September 30, 2014
			Gross Unrealized
	Amortized Cost		Gains		Losses		Fair Value
Securities Available for Sale
U.S. Treasury issue and other U.S. Gov’t agencies	$	82,019	$	110	$	(1,198)	$	80,931
U.S. Gov’t  sponsored agencies		-		-		-		-
State, county and municipal		135,469		3,192		(1,733)		136,928
Corporate and other bonds		12,011		14		(83)		11,942
Mortgage backed – U.S. Gov’t agencies		2,507		16		(121)		2,402
Mortgage backed – U.S. Gov’t sponsored agencies		26,113		22		(127)		26,008
Total Securities Available for Sale	$	258,119	$	3,354	$	(3,262)	$	258,211
Securities Held to Maturity
State, county and municipal	$	32,040	$	847	$	(32)	$	32,855
Mortgage backed – U.S. Gov’t agencies		5,186		292		-		5,478
Mortgage backed – U.S. Gov’t sponsored agencies		9,250		479		-		9,729
Total Securities Held to Maturity	$	46,476	$	1,618	$	(32)	$	48,062

				December 31, 2013
				Gross Unrealized
	Amortized Cost		Gains		Losses	Fair Value
Securities Available for Sale
U.S. Treasury issue and other U.S. Gov’t agencies	$ 99,789	$ 165			$ (967)	$ 98,987
U.S. Gov’t  sponsored agencies	487	—			(1)	486
State, county and municipal	138,884	1,297			(6,085)	134,096
Corporate and other bonds	6,369	27			(47)	6,349
Mortgage backed – U.S. Gov’t agencies	3,608	29			(198)	3,439
Mortgage backed – U.S. Gov’t sponsored agencies	22,631	69			(280)	22,420
Total Securities Available for Sale	$ 271,768	$ 1,587			$ (7,578)	$ 265,777
Securities Held to Maturity
State, county and municipal	$ 9,385	$ 718			$            —	$ 10,103
Mortgage backed – U.S. Gov’t agencies	6,604	398			—	7,002
Mortgage backed – U.S. Gov’t sponsored agencies	12,574	626			—	13,200
Total Securities Held to Maturity	$ 28,563	$ 1,742			$           —	$ 30,305

The amortized cost and fair value of securities at September 30, 2014 by contractual maturity are shown below.  Expected maturities may differ from contractual maturities because issuers may have the right to call or prepay obligations without any penalties (dollars in thousands):

	Held to Maturity				Available for Sale
	Amortized Cost		Fair Value		Amortized Cost		Fair Value
Due in one year or less	$	1,264	$	1,280	$	5,479	$	5,454
Due after one year through five years		22,137		23,436		50,303		50,573
Due after five years through ten years		14,430		14,643		146,542		147,433
Due after ten years		8,645		8,703		55,795		54,751
Total securities	$	46,476	$	48,062	$	258,119	$	258,211

Proceeds from sales of securities available for sale were $17.0 million and $12.2 million during the three months ended September 30, 2014 and 2013, respectively, and $61.6 million and $66.8 million during the nine months ended September 30, 2014 and 2013, respectively.  Gains and losses on the sale of securities are determined using the specific identification method.  Gross realized gains and losses on sales of securities available for sale during the periods were as follows (dollars in thousands):  

	Three Months Ended				Nine Months Ended
	September 30, 2014		September 30, 2013		September 30, 2014		September 30, 2013
Gross realized gains	$	202	$	46	$	698	$	516
Gross realized losses		(87)		(8)		(204)		(70)
Net securities gains	$	115	$	38	$	494	$	446

In estimating other than temporary impairment (OTTI) losses, management considers the length of time and the extent to which the fair value has been less than cost, the financial condition and short-term prospects for the issuer, and the intent and ability of management to hold its investment for a period of time to allow a recovery in fair value. There were no investments held that had OTTI losses for the three and nine months ended September 30, 2014 and 2013.

The fair value and gross unrealized losses for securities, segregated by the length of time that individual securities have been in a continuous gross unrealized loss position, at September 30, 2014 and December 31, 2013 were as follows (dollars in thousands):

					September 30, 2014
	Less than 12 Months				12 Months or More				Total
Secutities Available for Sale	Fair Value		Unrealized Loss		Fair Value		Unrealized Loss		Fair Value		Unrealized Loss
U.S. Treasury issue and other U.S. Gov’t agencies	$	27,086	$	(508)	$	41,002	$	(690)	$	68,088	$	(1,198)
State, county and municipal		6,532		(27)		48,047		(1,706)		54,579		(1,733)
Corporate and other bonds		7,011		(49)		3,169		(34)		10,180		(83)
Mortgage backed – U.S. Gov’t agencies		-		-		1,876		(121)		1,876		(121)
Mortgage backed – U.S. Gov’t sponsored agencies		11,774		(94)		3,723		(33)		15,497		(127)
Total	$	52,403	$	(678)	$	97,817	$	(2,584)	$	150,220	$	(3,262)
Securities Held to Maturity
State, county and municipal	$	6,265	$	(32)	$	-	$	-	$	6,265	$	(32)

			December 31, 2013
	Less than 12 Months		12 Months or More		Total
Securities Available for Sale	Fair  Value	Unrealized Loss	Fair Value	Unrealized Loss	Fair Value	Unrealized Loss
U.S. Treasury issue and other U.S. Gov’t agencies	$ 35,873	$ (531)	$ 37,638	$ (436)	$ 73,511	$ (967)
U.S. Gov’t  sponsored agencies	486	(1)	—	—	486	(1)
State, county and municipal	92,010	(5,343)	6,445	(742)	98,455	(6,085)
Corporate and other bonds	3,332	(42)	991	(5)	4,323	(47)
Mortgage backed – U.S. Gov’t agencies	2,767	(198)	—	—	2,767	(198)
Mortgage backed – U.S. Gov’t sponsored agencies	14,572	(258)	1,557	(22)	16,129	(280)
Total	$ 149,040	$ (6,373)	$ 46,631	$ (1,205)	$ 195,671	$ (7,578)

The unrealized losses (impairments) in the investment portfolio at September 30, 2014 and December 31, 2013 are generally a result of market fluctuations that occur daily. The unrealized losses are from 195 securities at September 30, 2014.    Of those, 183 are investment grade, have U.S. government agency guarantees, or are backed by the full faith and credit of local municipalities throughout the United States. Twelve investment grade corporate obligations comprise the remaining securities with unrealized losses at September 30, 2014.  The Company considers the reason for impairment, length of impairment and ability to hold until the full value is recovered in determining if the impairment is temporary in nature.  Based on this analysis, the Company has determined these impairments to be temporary in nature. The Company does not intend to sell and it is more likely than not that the Company will not be required to sell these securities until they recover in value or reach maturity.  

Market prices are affected by conditions beyond the control of the Company. Investment decisions are made by the management group of the Company and reflect the overall liquidity and strategic asset/liability objectives of the Company. Management analyzes the securities portfolio frequently and manages the portfolio to provide an overall positive impact to the Company’s income statement and balance sheet.

Securities with amortized costs of $77.0 million and $109.1 million at September 30, 2014 and December 31, 2013, respectively, were pledged to secure public deposits and for other purposes required or permitted by law.  At each of September 30, 2014 and December 31, 2013, there were no securities purchased from a single issuer, other than U.S. Treasury issue and other U.S. Government agencies that comprised more than 10% of the consolidated shareholders’ equity.

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Fair Values of Assets and Liabilities (Summary of Fair Value of Financial Instruments) (Details) (USD $) In Thousands, unless otherwise specified	Sep. 30, 2014	Dec. 31, 2013	Dec. 31, 2012
Financial assets:
Securities held to maturity	$ 48,062	$ 30,305
FDIC indemnification asset	20,315	25,409	33,837
Financial liabilities:
Interest bearing deposits	840,186	822,209
Carrying Value [Member]
Financial assets:
Securities held to maturity	46,476	28,563
Loans, non-covered	634,379	585,729
Loans, covered	63,952	72,791
FDIC indemnification asset	20,315	25,409
Financial liabilities:
Interest bearing deposits	840,186	822,209
Long-term borrowings	95,388	81,249
Estimated Fair Value [Member]
Financial assets:
Securities held to maturity	48,062	30,305
Loans, non-covered	642,372	591,081
Loans, covered	71,710	88,693
FDIC indemnification asset	4,611	10,557
Financial liabilities:
Interest bearing deposits	843,002	824,895
Long-term borrowings	95,206	81,014
Estimated Fair Value [Member] | Level 1 [Member]
Financial assets:
Securities held to maturity
Loans, non-covered
Loans, covered
FDIC indemnification asset
Financial liabilities:
Interest bearing deposits
Long-term borrowings
Estimated Fair Value [Member] | Level 2 [Member]
Financial assets:
Securities held to maturity	48,062	30,305
Loans, non-covered	628,631	582,538
Loans, covered
FDIC indemnification asset
Financial liabilities:
Interest bearing deposits	843,002	824,895
Long-term borrowings	95,206	81,014
Estimated Fair Value [Member] | Level 3 [Member]
Financial assets:
Securities held to maturity
Loans, non-covered	13,741	8,543
Loans, covered	71,710	88,693
FDIC indemnification asset	4,611	10,557
Financial liabilities:
Interest bearing deposits
Long-term borrowings

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Loans Not Covered by FDIC Shared-Loss Agreement (Non-Covered Loans) and Related Allowance for Loan Losses (Reconciliation of Impaired Loans to Nonaccrual Loans) (Details) (USD $)	Sep. 30, 2014		Dec. 31, 2013
Noncancelable Obligations Future Minimum Payments Due [Line Items]
Nonaccruals	$ 9,481,000		$ 12,105,000
Total impaired	9,852,000	[1]	13,801,000	[1]
Troubled Debt Restructure [Member]
Noncancelable Obligations Future Minimum Payments Due [Line Items]
Still accruing	122,000		1,696,000
Substandard [Member]
Noncancelable Obligations Future Minimum Payments Due [Line Items]
Still accruing	$ 249,000

[1] The amount of the investment in a loan, which is not net of a valuation allowance, but which does reflect any direct write-down of the investment

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Defined Benefit Plan (Tables)

9 Months Ended

Sep. 30, 2014

Defined Benefit Plan [Abstract]

Components of Net Periodic Benefit Cost for Plan

The following table presents the components of net periodic benefit cost for the three and nine  months ended September 30, 2014 and 2013 (dollars in thousands):

Three months ended			Nine months ended
September 30, 2014	September 30, 2013		September 30, 2014	September 30, 2013
Interest cost		$ 55	$ 56		$ 167	$ 168
Expected return on plan assets		(99)	(101)		(297)	(303)
Amortization of prior service cost		1	-		3	-
Recognized net (gain)/loss due to settlement		3	-		9	-
Recognized net actuarial  loss		-	17		-	51
Net periodic benefit cost		($40)	($28)		($118)	($84)

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Earnings Per Common Share (Tables)

9 Months Ended

Sep. 30, 2014

Earnings Per Common Share [Abstract]

Computation of Earnings per Share

Basic earnings per common share (EPS) is computed by dividing net income or loss available to common shareholders by the weighted average number of common shares outstanding during the period. Diluted EPS is computed using the weighted average number of common shares outstanding during the period, including the effect of all potentially dilutive common shares outstanding attributable to stock instruments (dollars and shares in thousands, except per share data):

	Net Income Available to Common Shareholders (Numerator)	Weighted Average Common Shares (Denominator)	Per Common Share Amount
For the three months ended September 30, 2014
Basic EPS	$ 1,813	21,764	$ 0.08
Effect of dilutive stock awards	—	223	—
Diluted EPS	$ 1,813	21,987	$ 0.08
For the three months ended September 30, 2013
Shares issued		21,696
Unissued vested restricted stock		11
Basic EPS	$ 1,501	21,707	$ 0.07
Effect of dilutive stock awards	—	264	—
Diluted EPS	$ 1,501	21,971	$ 0.07
	Net Income Available to Common Shareholders (Numerator)	Weighted Average Common Shares (Denominator)	Per Common Share Amount
For the nine months ended September 30, 2014
Basic EPS	$ 5,010	21,745	$ 0.23
Effect of dilutive stock awards	—	219	—
Diluted EPS	$ 5,010	21,964	$ 0.23
For the nine months ended September 30, 2013
Shares issued		21,684
Unissued vested restricted stock		11
Basic EPS	$ 3,873	21,695	$ 0.18
Effect of dilutive stock awards	—	197	—
Diluted EPS	$ 3,873	21,892	$ 0.18

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Long-Term Debt (Narrative) (Details) (USD $)		3 Months Ended	9 Months Ended
	Sep. 30, 2014	Sep. 30, 2013 Term Loan [Member]	Sep. 30, 2014 Term Loan [Member]	Sep. 30, 2014 Term Loan [Member] London Interbank Offered Rate (LIBOR) [Member]	Sep. 30, 2014 Six-Quarter Period Beginning From December 31, 2014 [Member] Term Loan [Member]	Sep. 30, 2014 Four-Quarter Period Beginning From June 30, 2016[Member] Term Loan [Member]	Apr. 23, 2014 Series A Preferred Stock [Member]
Schedule of Capitalization, Long-term Debt [Line Items]
Outstanding number of shares repurchased							10,680
Term loan, maturity date			Apr. 21, 2017
Quarterly payments of outstanding principal					7.50%	10.00%
Interest rate on loan, description			three-month LIBOR plus 3.50% per annum
Interest rate on loan				3.50%
Effective interest rate			3.73%
Principal payment		$ 1,000,000
Long-term debt	$ 9,680,000	$ 9,680,000

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Loans Not Covered by FDIC Shared-Loss Agreement (Non-Covered Loans) and Related Allowance for Loan Losses (Age Analysis of Past Due Status of Non-Covered Loans, Excluding PCI Loans) (Details) (USD $) In Thousands, unless otherwise specified	Sep. 30, 2014	Dec. 31, 2013
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Loans	$ 644,429	$ 596,337
Mortgage Loans on Real Estate [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Loans	546,566	499,137
Commercial Loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Loans	90,707	90,142
Consumer Installment Loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Loans	5,667	5,623
All Other Loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Loans	1,489	1,435
Commercial [Member] | Mortgage Loans on Real Estate [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Loans	282,281	247,284
Construction and Land Development [Member] | Mortgage Loans on Real Estate [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Loans	53,529	55,278
Second Mortgages [Member] | Mortgage Loans on Real Estate [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Loans	6,576	6,854
Multifamily [Member] | Mortgage Loans on Real Estate [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Loans	34,108	35,774
Agriculture [Member] | Mortgage Loans on Real Estate [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Loans	7,500	9,565
Non-Covered Loans Excluding PCI Loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
30-89 Days Past Due	1,161	1,870
90 Days Past Due	9,659	12,105
Total Past Due	10,820	13,975
Current	628,693	582,362
Total Loans	639,513	596,337
Recorded Investment 90 Days Past Due and Accruing	178
Non-Covered Loans Excluding PCI Loans [Member] | Mortgage Loans on Real Estate [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
30-89 Days Past Due	1,070	1,697
90 Days Past Due	9,561	11,923
Total Past Due	10,631	13,620
Current	531,019	485,517
Total Loans	541,650	499,137
Recorded Investment 90 Days Past Due and Accruing	178
Non-Covered Loans Excluding PCI Loans [Member] | Commercial Loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
30-89 Days Past Due	63	115
90 Days Past Due	8	127
Total Past Due	71	242
Current	90,636	89,900
Total Loans	90,707	90,142
Recorded Investment 90 Days Past Due and Accruing
Non-Covered Loans Excluding PCI Loans [Member] | Consumer Installment Loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
30-89 Days Past Due	28	58
90 Days Past Due	90	55
Total Past Due	118	113
Current	5,549	5,510
Total Loans	5,667	5,623
Recorded Investment 90 Days Past Due and Accruing
Non-Covered Loans Excluding PCI Loans [Member] | All Other Loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
30-89 Days Past Due
90 Days Past Due
Total Past Due
Current	1,489	1,435
Total Loans	1,489	1,435
Recorded Investment 90 Days Past Due and Accruing
Non-Covered Loans Excluding PCI Loans [Member] | Residential 1-4 Family [Member] | Mortgage Loans on Real Estate [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
30-89 Days Past Due	748	1,455
90 Days Past Due	3,748	4,229
Total Past Due	4,496	5,684
Current	157,045	138,698
Total Loans	161,541	144,382
Recorded Investment 90 Days Past Due and Accruing
Non-Covered Loans Excluding PCI Loans [Member] | Commercial [Member] | Mortgage Loans on Real Estate [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
30-89 Days Past Due	144
90 Days Past Due	802	1,382
Total Past Due	946	1,382
Current	280,124	245,902
Total Loans	281,070	247,284
Recorded Investment 90 Days Past Due and Accruing	178
Non-Covered Loans Excluding PCI Loans [Member] | Construction and Land Development [Member] | Mortgage Loans on Real Estate [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
30-89 Days Past Due		242
90 Days Past Due	4,950	5,882
Total Past Due	4,950	6,124
Current	45,923	49,154
Total Loans	50,873	55,278
Recorded Investment 90 Days Past Due and Accruing
Non-Covered Loans Excluding PCI Loans [Member] | Second Mortgages [Member] | Mortgage Loans on Real Estate [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
30-89 Days Past Due	178
90 Days Past Due	61	225
Total Past Due	239	225
Current	6,319	6,629
Total Loans	6,558	6,854
Recorded Investment 90 Days Past Due and Accruing
Non-Covered Loans Excluding PCI Loans [Member] | Multifamily [Member] | Mortgage Loans on Real Estate [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
30-89 Days Past Due
90 Days Past Due
Total Past Due
Current	34,108	35,774
Total Loans	34,108	35,774
Recorded Investment 90 Days Past Due and Accruing
Non-Covered Loans Excluding PCI Loans [Member] | Agriculture [Member] | Mortgage Loans on Real Estate [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
30-89 Days Past Due
90 Days Past Due		205
Total Past Due		205
Current	7,500	9,360
Total Loans	7,500	9,565
Recorded Investment 90 Days Past Due and Accruing

XML

Nature of Banking Activities and Significant Accounting Policies (Narrative) (Details)	9 Months Ended
	Sep. 30, 2014 property
Organization And Significant Accounting Policies [Line Items]
Community Bankers Trust Corporation incorporation year	2005
Number of full-service offices	20
Virginia [Member]
Organization And Significant Accounting Policies [Line Items]
Number of full-service offices	14
Number of loan production offices	2
Maryland [Member]
Organization And Significant Accounting Policies [Line Items]
Number of full-service offices	6

XML

Securities (Narrative) (Detail) (USD $)	3 Months Ended		9 Months Ended		12 Months Ended
	Sep. 30, 2014 security	Sep. 30, 2013	Sep. 30, 2014 security	Sep. 30, 2013	Dec. 31, 2013
Schedule Of Marketable Securities [Line Items]
Proceeds from sales of securities available for sale	$ 17,000,000	$ 12,200,000	$ 61,600,000	$ 66,800,000
Investments held having OTTI losses	0	0	0	0
Number of securities with unrealized losses	195		195
Securities with amortized costs	77,000,000		77,000,000		109,100,000
Securities purchased from single issuer	$ 0		$ 0		$ 0
Minimum percentage of securities purchased from U.S. Treasury issue and other U.S. Government agencies			10.00%		10.00%
U.S. Treasury Issue and Other U.S. Gov't Agencies [Member]
Schedule Of Marketable Securities [Line Items]
Securities with investment grade			183

XML

Nature of Banking Activities and Significant Accounting Policies

9 Months Ended

Sep. 30, 2014

Nature of Banking Activities and Significant Accounting Policies [Abstract]

Nature of Banking Activities and Significant Accounting Policies

1.  NATURE OF BANKING ACITIVIES AND SIGNIFICANT ACCOUNTING POLICIES

Organization

Community Bankers Trust Corporation (the “Company”) is a bank holding company that was originally incorporated in 2005.  On January 1, 2014, the Company completed a reincorporation from Delaware, its original state of incorporation, to Virginia.  The form of the reincorporation was the merger of the then existing Delaware corporation into a newly created Virginia corporation.  The Company retained the same name and conducts business in the same manner as before the reincorporation.

The Company is headquartered in Richmond, Virginia and is the holding company for Essex Bank (the “Bank”), a Virginia state bank with 20 full-service offices, 14 of which are in Virginia and six of which are in Maryland.  The Bank also operates two loan production offices in Virginia.  The Company relocated its corporate headquarters on March 31, 2014.  The Bank opened a new branch office in Annapolis, Maryland on March 25, 2014 and a branch office at its new headquarters in Richmond, Virginia on April 7, 2014.  The Bank closed its branch office in Landover Hills, Maryland on October 24, 2014.

The Bank engages in a general commercial banking business and provides a wide range of financial services primarily to individuals and small businesses, including individual and commercial demand and time deposit accounts, commercial and industrial loans, consumer and small business loans, real estate and mortgage loans, investment services, on-line and mobile banking products, and safe deposit box facilities.

Financial Statements

The consolidated statements presented include accounts of the Company and the Bank, its wholly-owned subsidiary. All material intercompany balances and transactions have been eliminated.  The statements should be read in conjunction with the Company’s consolidated financial statements and the accompanying notes to consolidated financial statements included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2013. The accounting and reporting policies of the Company conform to U.S. generally accepted accounting principles (GAAP) and to the general practices within the banking industry. The interim financial statements have not been audited; however, in the opinion of management, all adjustments, consisting of normal accruals, were made that are necessary to present fairly the balance sheet of the Company as of September 30, 2014, statements of shareholders’ equity and cash flows for the nine months ended September 30, 2014, and statements of  income and comprehensive income (loss) for the three and nine months ended September 30, 2014.  Results for the nine month period ended September 30, 2014 are not necessarily indicative of the results that may be expected for the year ending December 31, 2014.

The financial information contained within the statements is, to a significant extent, financial information that is based on measures of the financial effects of transactions and events that have already occurred. A variety of factors could affect the ultimate value that is obtained when either earning income, recognizing an expense, recovering an asset or relieving a liability. The Company uses historical loss factors as one factor in determining the inherent loss that may be present in its loan portfolio. Actual losses could differ significantly from the historical factors that the Company uses. In addition, GAAP itself may change from one previously acceptable method to another method. Although the economics of the Company’s transactions would be the same, the timing of events that would impact its transactions could change.

Certain reclassifications have been made to prior period balances to conform to the current period presentation.

In preparing these financial statements, the Company has evaluated subsequent events and transactions for potential recognition or disclosure through the date the financial statements were issued. 

Recent Accounting Pronouncements

In January 2014, the Financial Accounting Standards Board (FASB) issued Accounting Standards Update (ASU) No. 2014-04, Receivables - Troubled Debt Restructurings by Creditors (Subtopic 310-40) - Reclassification of Residential Real Estate Collateralized Consumer Mortgage Loans upon Foreclosure.Although current guidance indicates that a creditor should reclassify a collateralized mortgage loan as other real estate owned when it determines that there has been in substance a repossession or foreclosure by the creditor, that is, the creditor receives physical possession of the debtor’s assets regardless of whether formal foreclosure proceedings take place, the terms in substance a repossession or foreclosure and physical possession are not defined in the accounting literature.  This has resulted in diversity about when a creditor should derecognize the loan receivable and recognize the real estate property. The objective of the amendments in this update is to reduce diversity by clarifying when an in substance repossession or foreclosure occurs. The amendments state that an in substance repossession or foreclosure occurs, and a creditor is considered to have received physical possession of residential real estate property collateralizing a consumer mortgage loan, upon either (1) the creditor obtaining legal title to the residential real estate property upon completion of a foreclosure or (2) the borrower conveying all interest in the residential real estate property to the creditor to satisfy that loan through completion of a deed in lieu of foreclosure or through a similar legal agreement. Additionally, the amendments require interim and annual disclosure of both (1) the amount of foreclosed residential real estate property held by the creditor and (2) the recorded investment in consumer mortgage loans collateralized by residential real estate property that are in the process of foreclosure according to local requirements of the applicable jurisdiction. The amendments are effective for public business entities for annual periods and interim periods within those annual periods beginning after December 15, 2014. Early adoption is permitted. The Company currently records foreclosures in accordance with this guidance; therefore, no changes are necessary for adoption.

Also in January 2014, the FASB issued ASU No. 2014-01, Investments - Equity Method and Joint Ventures (Topic 323): Accounting for Investments in Qualified Affordable Housing Projects (a consensus of the FASB Emerging Issues Task Force). The amendments in this ASU apply to all reporting entities that invest in qualified affordable housing projects through limited liability entities that are flow through entities for tax purposes. Currently, an investor that invests in a qualified affordable housing project may elect to account for that investment using the effective yield method. Those not electing the effective yield method would account for the investment using the equity method or cost method. The Task Force received stakeholder feedback indicating that certain of the required conditions for the effective yield method are overly restrictive and thus prevent many investments in qualified affordable housing projects from qualifying for the use of this method. Those stakeholders stated that presenting the investment performance net of taxes as a component of income tax expense (benefit) as prescribed by the effective yield method more fairly represents the economics and provides users with a better understanding of the returns from such investments than the equity or cost methods.

The amendments in this ASU eliminate the effective yield election and permit reporting entities to make an accounting policy election to account for their investments in qualified affordable housing projects using the proportional amortization method if certain conditions are met. Under the proportional amortization method, an entity amortizes the initial cost of the investment in proportion to the tax credits and other tax benefits received and recognizes the net investment performance in the income statement as a component of income tax expense (benefit). Those not electing the proportional amortization method would account for the investment using the equity method or cost method. The decision to apply the proportional amortization method of accounting is an accounting policy decision that should be applied consistently to all qualifying affordable housing project investments rather than a decision to be applied to individual investments. A reporting entity should disclose information that enables users of its financial statements to understand the nature of its investments in qualified affordable housing projects, and the effect of the measurement of its investments in qualified affordable housing projects and the related tax credits on its financial position and results of operations. The amendments in this ASU should be applied retrospectively to all periods presented.  The amendments in this ASU are effective for public business entities for annual periods and interim reporting periods within those annual periods, beginning after December 15, 2014. Early adoption is permitted.  The Company does not expect the adoption of this guidance to have a material impact on its consolidated financial statements. 

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Securities (Amortized Costs and Fair Values of Securities Available for Sale and Held to Maturity) (Details) (USD $) In Thousands, unless otherwise specified	Sep. 30, 2014	Dec. 31, 2013
Schedule Of Available For Sale And Held To Maturity Securities [Line Items]
Securities Available for Sale, Amortized Cost	$ 258,119	$ 271,768
Securities Available for Sale, Gross Unrealized Gains	3,354	1,587
Securities Available for Sale, Gross Unrealized Losses	(3,262)	(7,578)
Securities Available for Sale, Fair Value	258,211	265,777
Securities Held to Maturity, Amortized Cost	46,476	28,563
Securities Held to Maturity, Gross Unrealized Gains	1,618	1,742
Securities Held to Maturity, Gross Unrealized Losses	(32)
Securities Held to Maturity, Fair Value	48,062	30,305
U.S. Treasury Issue and Other U.S. Gov't Agencies [Member]
Schedule Of Available For Sale And Held To Maturity Securities [Line Items]
Securities Available for Sale, Amortized Cost	82,019	99,789
Securities Available for Sale, Gross Unrealized Gains	110	165
Securities Available for Sale, Gross Unrealized Losses	(1,198)	(967)
Securities Available for Sale, Fair Value	80,931	98,987
U.S. Gov't Sponsored Agencies [Member]
Schedule Of Available For Sale And Held To Maturity Securities [Line Items]
Securities Available for Sale, Amortized Cost		487
Securities Available for Sale, Gross Unrealized Gains
Securities Available for Sale, Gross Unrealized Losses		(1)
Securities Available for Sale, Fair Value		486
State, County and Municipal [Member]
Schedule Of Available For Sale And Held To Maturity Securities [Line Items]
Securities Available for Sale, Amortized Cost	135,469	138,884
Securities Available for Sale, Gross Unrealized Gains	3,192	1,297
Securities Available for Sale, Gross Unrealized Losses	(1,733)	(6,085)
Securities Available for Sale, Fair Value	136,928	134,096
Securities Held to Maturity, Amortized Cost	32,040	9,385
Securities Held to Maturity, Gross Unrealized Gains	847	718
Securities Held to Maturity, Gross Unrealized Losses	(32)
Securities Held to Maturity, Fair Value	32,855	10,103
Corporate and Other Bonds [Member]
Schedule Of Available For Sale And Held To Maturity Securities [Line Items]
Securities Available for Sale, Amortized Cost	12,011	6,369
Securities Available for Sale, Gross Unrealized Gains	14	27
Securities Available for Sale, Gross Unrealized Losses	(83)	(47)
Securities Available for Sale, Fair Value	11,942	6,349
Mortgage Backed - U.S. Gov't Agencies [Member]
Schedule Of Available For Sale And Held To Maturity Securities [Line Items]
Securities Available for Sale, Amortized Cost	2,507	3,608
Securities Available for Sale, Gross Unrealized Gains	16	29
Securities Available for Sale, Gross Unrealized Losses	(121)	(198)
Securities Available for Sale, Fair Value	2,402	3,439
Securities Held to Maturity, Amortized Cost	5,186	6,604
Securities Held to Maturity, Gross Unrealized Gains	292	398
Securities Held to Maturity, Gross Unrealized Losses
Securities Held to Maturity, Fair Value	5,478	7,002
Mortgage Backed - U.S. Gov't Sponsored Agencies [Member]
Schedule Of Available For Sale And Held To Maturity Securities [Line Items]
Securities Available for Sale, Amortized Cost	26,113	22,631
Securities Available for Sale, Gross Unrealized Gains	22	69
Securities Available for Sale, Gross Unrealized Losses	(127)	(280)
Securities Available for Sale, Fair Value	26,008	22,420
Securities Held to Maturity, Amortized Cost	9,250	12,574
Securities Held to Maturity, Gross Unrealized Gains	479	626
Securities Held to Maturity, Gross Unrealized Losses
Securities Held to Maturity, Fair Value	$ 9,729	$ 13,200

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Loans Not Covered by FDIC Shared-Loss Agreement (Non-Covered Loans) and Related Allowance for Loan Losses (Summary of Information Related to Impaired Loans) (Details) (USD $)	Sep. 30, 2014		Dec. 31, 2013
Financing Receivable, Impaired [Line Items]
With a related allowance, Recorded Investment	$ 7,765,000	[1]	$ 8,954,000	[1]
With a related allowance, Unpaid Principal Balance	10,799,000	[2]	11,199,000	[2]
Related Allowance	1,065,000		1,604,000
With no related allowance recorded, Recorded Investment	2,087,000	[1]	4,847,000	[1]
With no related allowance recorded, Unpaid Principal Balance	2,285,000	[2]	7,760,000	[2]
Total, Recorded Investment	9,852,000	[1]	13,801,000	[1]
Total, Unpaid Principal Balance	13,084,000	[2]	18,959,000	[2]
Related Allowance	1,065,000		1,604,000
Mortgage Loans on Real Estate [Member]
Financing Receivable, Impaired [Line Items]
With a related allowance, Recorded Investment	7,670,000	[1]	8,778,000	[1]
With a related allowance, Unpaid Principal Balance	10,702,000	[2]	10,354,000	[2]
Related Allowance	1,049,000		1,579,000
With no related allowance recorded, Recorded Investment	2,084,000	[1]	4,841,000	[1]
With no related allowance recorded, Unpaid Principal Balance	2,281,000	[2]	7,754,000	[2]
Total, Recorded Investment	9,754,000	[1]	13,619,000	[1]
Total, Unpaid Principal Balance	12,983,000	[2]	18,108,000	[2]
Related Allowance	1,049,000		1,579,000
Mortgage Loans on Real Estate [Member] | Residential 1-4 Family [Member]
Financing Receivable, Impaired [Line Items]
With a related allowance, Recorded Investment	2,414,000	[1]	3,485,000	[1]
With a related allowance, Unpaid Principal Balance	2,519,000	[2]	3,739,000	[2]
Related Allowance	417,000		881,000
With no related allowance recorded, Recorded Investment	1,424,000	[1]	1,189,000	[1]
With no related allowance recorded, Unpaid Principal Balance	1,503,000	[2]	1,228,000	[2]
Total, Recorded Investment	3,838,000	[1]	4,674,000	[1]
Total, Unpaid Principal Balance	4,022,000	[2]	4,967,000	[2]
Related Allowance	417,000		881,000
Mortgage Loans on Real Estate [Member] | Commercial [Member]
Financing Receivable, Impaired [Line Items]
With a related allowance, Recorded Investment	291,000	[1]	920,000	[1]
With a related allowance, Unpaid Principal Balance	477,000	[2]	1,091,000	[2]
Related Allowance	51,000		150,000
With no related allowance recorded, Recorded Investment	455,000	[1]	1,714,000	[1]
With no related allowance recorded, Unpaid Principal Balance	557,000	[2]	1,969,000	[2]
Total, Recorded Investment	746,000	[1]	2,634,000	[1]
Total, Unpaid Principal Balance	1,034,000	[2]	3,060,000	[2]
Related Allowance	51,000		150,000
Mortgage Loans on Real Estate [Member] | Construction and Land Development [Member]
Financing Receivable, Impaired [Line Items]
With a related allowance, Recorded Investment	4,745,000	[1]	4,148,000	[1]
With a related allowance, Unpaid Principal Balance	7,484,000	[2]	5,298,000	[2]
Related Allowance	543,000		508,000
With no related allowance recorded, Recorded Investment	205,000	[1]	1,734,000	[1]
With no related allowance recorded, Unpaid Principal Balance	221,000	[2]	4,335,000	[2]
Total, Recorded Investment	4,950,000	[1]	5,882,000	[1]
Total, Unpaid Principal Balance	7,705,000	[2]	9,633,000	[2]
Related Allowance	543,000		508,000
Mortgage Loans on Real Estate [Member] | Second Mortgages [Member]
Financing Receivable, Impaired [Line Items]
With a related allowance, Recorded Investment	220,000	[1]	225,000	[1]
With a related allowance, Unpaid Principal Balance	222,000	[2]	226,000	[2]
Related Allowance	38,000		40,000
With no related allowance recorded, Recorded Investment		[1]		[1]
With no related allowance recorded, Unpaid Principal Balance		[2]		[2]
Total, Recorded Investment	220,000	[1]	225,000	[1]
Total, Unpaid Principal Balance	222,000	[2]	226,000	[2]
Related Allowance	38,000		40,000
Mortgage Loans on Real Estate [Member] | Multifamily [Member]
Financing Receivable, Impaired [Line Items]
With a related allowance, Recorded Investment		[1]		[1]
With a related allowance, Unpaid Principal Balance		[2]		[2]
Related Allowance
With no related allowance recorded, Recorded Investment		[1]		[1]
With no related allowance recorded, Unpaid Principal Balance		[2]		[2]
Total, Recorded Investment		[1]		[1]
Total, Unpaid Principal Balance		[2]		[2]
Related Allowance
Mortgage Loans on Real Estate [Member] | Agriculture [Member]
Financing Receivable, Impaired [Line Items]
With a related allowance, Recorded Investment		[1]		[1]
With a related allowance, Unpaid Principal Balance		[2]		[2]
Related Allowance
With no related allowance recorded, Recorded Investment		[1]	204,000	[1]
With no related allowance recorded, Unpaid Principal Balance		[2]	222,000	[2]
Total, Recorded Investment		[1]	204,000	[1]
Total, Unpaid Principal Balance		[2]	222,000	[2]
Related Allowance
Commercial Loans [Member]
Financing Receivable, Impaired [Line Items]
With a related allowance, Recorded Investment	8,000	[1]	127,000	[1]
With a related allowance, Unpaid Principal Balance	8,000	[2]	794,000	[2]
Related Allowance	1,000		16,000
With no related allowance recorded, Recorded Investment		[1]		[1]
With no related allowance recorded, Unpaid Principal Balance		[2]		[2]
Total, Recorded Investment	8,000	[1]	127,000	[1]
Total, Unpaid Principal Balance	8,000	[2]	794,000	[2]
Related Allowance	1,000		16,000
Consumer Installment Loans [Member]
Financing Receivable, Impaired [Line Items]
With a related allowance, Recorded Investment	87,000	[1]	49,000	[1]
With a related allowance, Unpaid Principal Balance	89,000	[2]	51,000	[2]
Related Allowance	15,000		9,000
With no related allowance recorded, Recorded Investment	3,000	[1]	6,000	[1]
With no related allowance recorded, Unpaid Principal Balance	4,000	[2]	6,000	[2]
Total, Recorded Investment	90,000	[1]	55,000	[1]
Total, Unpaid Principal Balance	93,000	[2]	57,000	[2]
Related Allowance	15,000		9,000
All Other Loans [Member]
Financing Receivable, Impaired [Line Items]
With a related allowance, Recorded Investment		[1]		[1]
With a related allowance, Unpaid Principal Balance		[2]		[2]
Related Allowance
With no related allowance recorded, Recorded Investment		[1]		[1]
With no related allowance recorded, Unpaid Principal Balance		[2]		[2]
Total, Recorded Investment		[1]		[1]
Total, Unpaid Principal Balance		[2]		[2]
Related Allowance

[1] The amount of the investment in a loan, which is not net of a valuation allowance, but which does reflect any direct write-down of the investment

[2] The contractual amount due, which reflects paydowns applied in accordance with loan documents, but which does not reflect any direct write-downs

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FDIC Agreements and FDIC Indemnification Asset (Narrative) (Details) (USD $)	9 Months Ended
	Sep. 30, 2014	Mar. 31, 2014
FDIC Agreements And FDIC Indemnification Asset [Abstract]
Purchase and Assumption Agreement date with the FDIC	Jan. 30, 2009
Percentage of losses reimbursed by FDIC to bank arising from covered loans and foreclosed real estate assets	80.00%
Losses on covered loans and foreclosed real estate assets	$ 118,000,000
Percentage of losses reimbursed by FDIC to bank on covered loans and foreclosed real estate assets thereafter	95.00%
FDIC indemnification asset for non single family assets		$ 0

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Consolidated Balance Sheets (USD $) In Thousands, unless otherwise specified	Sep. 30, 2014	Dec. 31, 2013
ASSETS
Cash and due from banks	$ 8,335	$ 10,857
Interest bearing bank deposits	10,160	12,978
Total cash and cash equivalents	18,495	23,835
Securities available for sale, at fair value	258,211	265,777
Securities held to maturity, at cost (fair value of $48,062 and $30,305, respectively)	46,476	28,563
Equity securities, restricted, at cost	8,149	8,358
Total securities	312,836	302,698
Loans held for sale	239	100
Loans not covered by FDIC shared-loss agreements	644,241	596,173
Loans covered by FDIC shared-loss agreements	64,338	73,275
Total loans	708,579	669,448
Allowance for loan losses (non-covered loans of $9,862 and $10,444, respectively; covered loans of $386 and $484, respectively)	(10,248)	(10,928)
Net loans	698,331	658,520
FDIC indemnification asset	20,315	25,409
Bank premises and equipment, net	26,255	27,872
Bank premises and equipment held for sale	3,237
Other real estate owned, covered by FDIC shared-loss agreements	1,752	2,692
Other real estate owned, non-covered	6,261	6,244
Bank owned life insurance	21,278	20,795
FDIC receivable under shared-loss agreements	978	368
Core deposit intangibles, net	5,190	6,621
Other assets	13,631	14,378
Total assets	1,128,798	1,089,532
Deposits:
Noninterest bearing	81,526	70,132
Interest bearing	840,186	822,209
Total deposits	921,712	892,341
Federal funds purchased and securities sold under agreements to repurchase	3,287	6,000
Federal Home Loan Bank advances	81,584	77,125
Long-term debt	9,680
Trust preferred capital notes	4,124	4,124
Other liabilities	3,863	3,283
Total liabilities	1,024,250	982,873
SHAREHOLDERS' EQUITY
Preferred stock (5,000,000 shares authorized, $0.01 par value; 0 and 10,680 shares issued and outstanding, respectively)		10,680
Warrants on preferred stock		1,037
Common stock (200,000,000 shares authorized, $0.01 par value; 21,782,826 and 21,709,096 shares issued and outstanding, respectively)	218	217
Additional paid in capital	145,238	144,656
Retained deficit	(40,812)	(45,822)
Accumulated other comprehensive loss	(96)	(4,109)
Total shareholders' equity	104,548	106,659
Total liabilities and shareholders' equity	$ 1,128,798	$ 1,089,532

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Loans Not Covered by FDIC Shared-Loss Agreement (Non-Covered Loans) and Related Allowance for Loan Losses (Allowance for Loan Losses on Non-Covered Loans, Excluding PCI Loans, by Segment) (Details) (USD $)	3 Months Ended		9 Months Ended
	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2014	Sep. 30, 2013
Noncancelable Obligations Future Minimum Payments Due [Line Items]
Allowance for loan losses, Beginning of Period			$ 10,444,000
Provision Allocation
Allowance for loan losses, End of Period	9,862,000		9,862,000
Non Covered Loans [Member]
Noncancelable Obligations Future Minimum Payments Due [Line Items]
Allowance for loan losses, Beginning of Period	10,156,000	11,523,000	10,444,000	12,920,000
Provision Allocation
Charge-offs	(603,000)	(1,018,000)	(1,200,000)	(3,228,000)
Recoveries	211,000	148,000	520,000	961,000
Allowance for loan losses, End of Period	9,764,000	10,653,000	9,764,000	10,653,000
Non Covered Loans [Member] | Mortgage Loans on Real Estate [Member]
Noncancelable Obligations Future Minimum Payments Due [Line Items]
Allowance for loan losses, Beginning of Period	8,551,000	9,585,000	8,771,000	10,746,000
Provision Allocation	434,000	(43,000)	605,000	(130,000)
Charge-offs	(568,000)	(977,000)	(1,090,000)	(2,793,000)
Recoveries	25,000	93,000	156,000	835,000
Allowance for loan losses, End of Period	8,442,000	8,658,000	8,442,000	8,658,000
Non Covered Loans [Member] | Commercial Loans [Member]
Noncancelable Obligations Future Minimum Payments Due [Line Items]
Allowance for loan losses, Beginning of Period	1,478,000	1,772,000	1,546,000	1,961,000
Provision Allocation	(435,000)	6,000	(621,000)	75,000
Charge-offs		(5,000)		(302,000)
Recoveries	148,000	39,000	266,000	78,000
Allowance for loan losses, End of Period	1,191,000	1,812,000	1,191,000	1,812,000
Non Covered Loans [Member] | Consumer Installment Loans [Member]
Noncancelable Obligations Future Minimum Payments Due [Line Items]
Allowance for loan losses, Beginning of Period	102,000	141,000	101,000	195,000
Provision Allocation	(3,000)	38,000	13,000	49,000
Charge-offs	(35,000)	(36,000)	(110,000)	(133,000)
Recoveries	38,000	16,000	98,000	48,000
Allowance for loan losses, End of Period	102,000	159,000	102,000	159,000
Non Covered Loans [Member] | All Other Loans [Member]
Noncancelable Obligations Future Minimum Payments Due [Line Items]
Allowance for loan losses, Beginning of Period	25,000	25,000	26,000	18,000
Provision Allocation	4,000	(1,000)	3,000	6,000
Charge-offs
Recoveries
Allowance for loan losses, End of Period	29,000	24,000	29,000	24,000
Non Covered Loans [Member] | Residential 1-4 Family [Member] | Mortgage Loans on Real Estate [Member]
Noncancelable Obligations Future Minimum Payments Due [Line Items]
Allowance for loan losses, Beginning of Period	3,670,000	3,938,000	3,853,000	3,985,000
Provision Allocation	8,000	(299,000)	(112,000)	(236,000)
Charge-offs	(501,000)	(119,000)	(611,000)	(280,000)
Recoveries	17,000	3,000	64,000	54,000
Allowance for loan losses, End of Period	3,194,000	3,523,000	3,194,000	3,523,000
Non Covered Loans [Member] | Commercial [Member] | Mortgage Loans on Real Estate [Member]
Noncancelable Obligations Future Minimum Payments Due [Line Items]
Allowance for loan losses, Beginning of Period	2,919,000	2,508,000	2,333,000	2,482,000
Provision Allocation	558,000	(69,000)	1,475,000	1,439,000
Charge-offs	(67,000)		(479,000)	(1,492,000)
Recoveries	8,000	5,000	89,000	15,000
Allowance for loan losses, End of Period	3,418,000	2,444,000	3,418,000	2,444,000
Non Covered Loans [Member] | Construction and Land Development [Member] | Mortgage Loans on Real Estate [Member]
Noncancelable Obligations Future Minimum Payments Due [Line Items]
Allowance for loan losses, Beginning of Period	1,624,000	2,865,000	2,252,000	3,773,000
Provision Allocation	(171,000)	290,000	(800,000)	(1,137,000)
Charge-offs		(758,000)		(915,000)
Recoveries		5,000	1,000	681,000
Allowance for loan losses, End of Period	1,453,000	2,402,000	1,453,000	2,402,000
Non Covered Loans [Member] | Second Mortgages [Member] | Mortgage Loans on Real Estate [Member]
Noncancelable Obligations Future Minimum Payments Due [Line Items]
Allowance for loan losses, Beginning of Period	98,000	72,000	101,000	142,000
Provision Allocation	29,000	99,000	24,000	24,000
Charge-offs		(100,000)		(100,000)
Recoveries		41,000	2,000	46,000
Allowance for loan losses, End of Period	127,000	112,000	127,000	112,000
Non Covered Loans [Member] | Multifamily [Member] | Mortgage Loans on Real Estate [Member]
Noncancelable Obligations Future Minimum Payments Due [Line Items]
Allowance for loan losses, Beginning of Period	176,000	146,000	151,000	303,000
Provision Allocation	10,000	(26,000)	35,000	(183,000)
Charge-offs
Recoveries
Allowance for loan losses, End of Period	186,000	120,000	186,000	120,000
Non Covered Loans [Member] | Agriculture [Member] | Mortgage Loans on Real Estate [Member]
Noncancelable Obligations Future Minimum Payments Due [Line Items]
Allowance for loan losses, Beginning of Period	64,000	56,000	81,000	61,000
Provision Allocation		(38,000)	(17,000)	(37,000)
Charge-offs				(6,000)
Recoveries		39,000		39,000
Allowance for loan losses, End of Period	$ 64,000	$ 57,000	$ 64,000	$ 57,000

XML

Consolidated Statements of Shareholders' Equity (USD $) In Thousands	Preferred Stock [Member]	Warrants [Member]	Discount on Preferred Stock [Member]	Common Stock [Member]	Additional Paid in Capital [Member]	Retained Deficit [Member]	Accumulated Other Comprehensive Income [Member]	Total
Beginning Balance at Dec. 31, 2012	$ 17,680	$ 1,037	$ (234)	$ 217	$ 144,398	$ (50,609)	$ 2,828	$ 115,317
Beginning Balance, shares at Dec. 31, 2012				21,670
Amortization of preferred stock warrants			190			(190)
Issuance of common stock					94			94
Issuance of common stock, shares				31
Dividends paid on preferred stock						(650)		(650)
Issuance of stock options					103			103
Redemption of preferred stock	(4,500)							(4,500)
Net income						4,713		4,713
Other comprehensive income (loss)							(6,607)	(6,607)
Ending Balance at Sep. 30, 2013	13,180	1,037	(44)	217	144,595	(46,736)	(3,779)	108,470
Ending Balance, shares at Sep. 30, 2013				21,701
Beginning Balance at Dec. 31, 2013	10,680	1,037		217	144,656	(45,822)	(4,109)	106,659
Beginning Balance, shares at Dec. 31, 2013				21,709
Issuance of common stock				1	188			189
Issuance of common stock, shares				74
Dividends paid on preferred stock						(247)		(247)
Issuance of stock options					137			137
Redemption of preferred stock	(10,680)							(10,680)
Redemption of warrants on preferred stock		(1,037)			257			(780)
Net income						5,257		5,257
Other comprehensive income (loss)							4,013	4,013
Ending Balance at Sep. 30, 2014				$ 218	$ 145,238	$ (40,812)	$ (96)	$ 104,548
Ending Balance, shares at Sep. 30, 2014				21,783

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Fair Values of Assets and Liabilities (Narrative) (Details) (USD $)	9 Months Ended
	Sep. 30, 2014
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Fair value appraisal minimum period	12 months
Minimum [Member]
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Eligibility criteria of classified loans for appraisal by professional appraiser	$ 250,000

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Securities (Summary of Fair Value and Gross Unrealized Losses for Securities Available for Sale) (Details) (USD $) In Thousands, unless otherwise specified	Sep. 30, 2014	Dec. 31, 2013
Secutities Available for Sale
Fair Value, Less than 12 Months	$ 52,403	$ 149,040
Unrealized Loss, Less than 12 Months	(678)	(6,373)
Fair Value, 12 Months or More	97,817	46,631
Unrealized Loss, 12 Months or More	(2,584)	(1,205)
Fair Value, Total	150,220	195,671
Unrealized Loss, Total	(3,262)	(7,578)
U.S. Treasury Issue and Other U.S. Gov't Agencies [Member]
Secutities Available for Sale
Fair Value, Less than 12 Months	27,086	35,873
Unrealized Loss, Less than 12 Months	(508)	(531)
Fair Value, 12 Months or More	41,002	37,638
Unrealized Loss, 12 Months or More	(690)	(436)
Fair Value, Total	68,088	73,511
Unrealized Loss, Total	(1,198)	(967)
U.S. Gov't Sponsored Agencies [Member]
Secutities Available for Sale
Fair Value, Less than 12 Months		486
Unrealized Loss, Less than 12 Months		(1)
Fair Value, Total		486
Unrealized Loss, Total		(1)
State, County and Municipal [Member]
Secutities Available for Sale
Fair Value, Less than 12 Months	6,532	92,010
Unrealized Loss, Less than 12 Months	(27)	(5,343)
Fair Value, 12 Months or More	48,047	6,445
Unrealized Loss, 12 Months or More	(1,706)	(742)
Fair Value, Total	54,579	98,455
Unrealized Loss, Total	(1,733)	(6,085)
Securities Held to Maturity
Fair Value, Less than 12 Months	6,265
Unrealized Loss, Less than 12 Months	(32)
Fair Value, 12 Months or More
Unrealized Loss, 12 Months or More
Fair Value, Total	6,265
Unrealized Loss, Total	(32)
Corporate and Other Bonds [Member]
Secutities Available for Sale
Fair Value, Less than 12 Months	7,011	3,332
Unrealized Loss, Less than 12 Months	(49)	(42)
Fair Value, 12 Months or More	3,169	991
Unrealized Loss, 12 Months or More	(34)	(5)
Fair Value, Total	10,180	4,323
Unrealized Loss, Total	(83)	(47)
Mortgage Backed - U.S. Gov't Agencies [Member]
Secutities Available for Sale
Fair Value, Less than 12 Months		2,767
Unrealized Loss, Less than 12 Months		(198)
Fair Value, 12 Months or More	1,876
Unrealized Loss, 12 Months or More	(121)
Fair Value, Total	1,876	2,767
Unrealized Loss, Total	(121)	(198)
Mortgage Backed - U.S. Gov't Sponsored Agencies [Member]
Secutities Available for Sale
Fair Value, Less than 12 Months	11,774	14,572
Unrealized Loss, Less than 12 Months	(94)	(258)
Fair Value, 12 Months or More	3,723	1,557
Unrealized Loss, 12 Months or More	(33)	(22)
Fair Value, Total	15,497	16,129
Unrealized Loss, Total	$ (127)	$ (280)

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Defined Benefit Plan (Narrative) (Details) (USD $)	9 Months Ended
	Sep. 30, 2014
Defined Benefit Plan [Abstract]
Minimum eligibility criteria of full-time pre-merger bank employees for Bank of Essex noncontributory defined benefit pension plan	21 years
Employer contributions for the plan	$ 0

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Loans Not Covered by FDIC Shared-Loss Agreement (Non-Covered Loans) and Related Allowance for Loan Losses (Tables)

9 Months Ended

Sep. 30, 2014

Summary of Non-Covered Loans

The Company’s non-covered loans at September 30, 2014 and December 31, 2013 were comprised of the following (dollars in thousands):   

	September 30, 2014			December 31, 2013
	Amount	% of Non-Covered Loans		Amount	% of Non-Covered Loans
Mortgage loans on real estate:
Residential 1-4 family	$ 162,572	25.23	%	$ 144,382	24.21	%
Commercial	282,281	43.80		247,284	41.47
Construction and land development	53,529	8.31		55,278	9.27
Second mortgages	6,576	1.02		6,854	1.15
Multifamily	34,108	5.29		35,774	6.00
Agriculture	7,500	1.16		9,565	1.60
Total real estate loans	546,566	84.81		499,137	83.70
Commercial loans	90,707	14.08		90,142	15.12
Consumer installment loans	5,667	0.88		5,623	0.94
All other loans	1,489	0.23		1,435	0.24
Gross loans	644,429	100.00	%	596,337	100.00	%
Less unearned income on loans	(188)			(164)
Non-covered loans, net of unearned  income	$ 644,241			$ 596,173

Summary of Information Related to Impaired Loans

The following table summarizes information related to impaired loans as of September 30, 2014 (dollars in thousands):

With an allowance recorded:		Recorded Investment (1)		Unpaid Principal Balance (2)		Related Allowance
Mortgage loans on real estate:
Residential 1-4 family	$	2,414	$	2,519	$	417
Commercial		291		477		51
Construction and land development		4,745		7,484		543
Second mortgages		220		222		38
Multifamily		—		—		—
Agriculture		—		—		—
Total real estate loans		7,670		10,702		1,049
Commercial loans		8		8		1
Consumer installment loans		87		89		15
All other loans		—		—		—
Subtotal impaired loans with a valuation allowance		7,765		10,799		1,065
With no related allowance recorded:
Mortgage loans on real estate:
Residential 1-4 family		1,424		1,503		—
Commercial		455		557		—
Construction and land development		205		221		—
Second mortgages		—		—		—
Multifamily		—		—		—
Agriculture		—		—		—
Total real estate loans		2,084		2,281		—
Commercial loans		—		—		—
Consumer installment loans		3		4		—
All other loans		—		—		—
Subtotal impaired loans without a valuation allowance		2,087		2,285		—
Total:
Mortgage loans on real estate:
Residential 1-4 family		3,838		4,022		417
Commercial		746		1,034		51
Construction and land development		4,950		7,705		543
Second mortgages		220		222		38
Multifamily		—		—		—
Agriculture		—		—		—
Total real estate loans		9,754		12,983		1,049
Commercial loans		8		8		1
Consumer installment loans		90		93		15
All other loans		—		—		—
Total impaired loans	$	9,852	$	13,084	$	1,065

(1) The amount of the investment in a loan, which is not net of a valuation allowance, but which does reflect any direct write-down of the investment

(2) The contractual amount due, which reflects paydowns applied in accordance with loan documents, but which does not reflect any direct write-downs

The following table summarizes information related to impaired loans as of December 31, 2013 (dollars in thousands):

With an allowance recorded:		Recorded Investment (1)		Unpaid Principal Balance (2)		Related Allowance
Mortgage loans on real estate:
Residential 1-4 family	$	3,485	$	3,739	$	881
Commercial		920		1,091		150
Construction and land development		4,148		5,298		508
Second mortgages		225		226		40
Multifamily		—		—		—
Agriculture		—		—		—
Total real estate loans		8,778		10,354		1,579
Commercial loans		127		794		16
Consumer installment loans		49		51		9
All other loans		—		—		—
Subtotal impaired loans with a valuation allowance		8,954		11,199		1,604
With no related allowance recorded:
Mortgage loans on real estate:
Residential 1-4 family		1,189		1,228		—
Commercial		1,714		1,969		—
Construction and land development		1,734		4,335		—
Second mortgages		—		—		—
Multifamily		—		—		—
Agriculture		204		222		—
Total real estate loans		4,841		7,754		—
Commercial loans		—		—		—
Consumer installment loans		6		6		—
All other loans		—		—		—
Subtotal impaired loans without a valuation allowance		4,847		7,760		—
Total:
Mortgage loans on real estate:
Residential 1-4 family		4,674		4,967		881
Commercial		2,634		3,060		150
Construction and land development		5,882		9,633		508
Second mortgages		225		226		40
Multifamily		—		—		—
Agriculture		204		222		—
Total real estate loans		13,619		18,108		1,579
Commercial loans		127		794		16
Consumer installment loans		55		57		9
All other loans		—		—		—
Total impaired loans	$	13,801	$	18,959	$	1,604

(1) The amount of the investment in a loan, which is not net of a valuation allowance, but which does reflect any direct write-down of the investment

(2) The contractual amount due, which reflects paydowns applied in accordance with loan documents, but which does not reflect any direct write-downs

Summary of Financial Receivable Impaired Average Recorded Investment

The following table summarizes the average recorded investment of impaired loans for the three and nine months ended September 30, 2014 and 2013 (dollars in thousands):

	Three months ended		Nine months ended
	September 30, 2014	September 30, 2013	September 30, 2014	September 30, 2013
Mortgage loans on real estate:
Residential 1-4 family	$ 4,389	$ 5,721	$ 4,255	$ 6,169
Commercial	872	2,737	1,690	4,302
Construction and land development	5,143	7,482	5,416	7,745
Second mortgages	222	162	223	168
Multifamily	—	—	—	—
Agriculture	—	216	102	229
Total real estate loans	10,626	16,318	11,686	18,613
Commercial loans	22	121	68	318
Consumer installment loans	94	56	74	70
All other loans	—	—	—	—
Total impaired loans	$ 10,742	$ 16,495	$ 11,828	$ 19,001

Summarizes Non-Accrual Loans, Excluding PCI Loans, by Loan Category

The following table presents non-covered nonaccrual loans, excluding PCI loans, by loan category as of September 30, 2014 and December 31, 2013 (dollars in thousands):

	September 30, 2014	December 31, 2013
Mortgage loans on real estate:
Residential 1-4 family	$ 3,748	$ 4,229
Commercial	624	1,382
Construction and land development	4,950	5,882
Second mortgages	61	225
Multifamily	—	—
Agriculture	—	205
Total real estate loans	9,383	11,923
Commercial loans	8	127
Consumer installment loans	90	55
All other loans	—	—
Total loans	$ 9,481	$ 12,105

Reconciliation of Impaired Loans to Nonaccrual Loans

A reconciliation of impaired loans to nonaccrual loans at September 30, 2014 and December 31, 2013, is set forth in the table below (dollars in thousands):

	September 30, 2014	December 31, 2013
Nonaccruals	$ 9,481	$ 12,105
Trouble debt restructure and still accruing	122	1,696
Substandard and still accruing	249	—
Total impaired	$ 9,852	$ 13,801

Age Analysis of Past Due Status of Non-Covered Loans, Excluding PCI Loans

The following tables present an age analysis of past due status of non-covered loans, excluding PCI loans, by category as of September 30, 2014 and December 31, 2013 (dollars in thousands):

	September 30, 2014
			30-89 Days Past Due				90 Days Past Due				Total Past Due				Current		Total Loans		Recorded Investment  90 Days Past Due and Accruing
Mortgage loans on real estate:
Residential 1-4 family	$		748		$		3,748		$		4,496		$		157,045	$	161,541	$	—
Commercial			144				802				946				280,124		281,070		178
Construction and land development			—				4,950				4,950				45,923		50,873		—
Second mortgages			178				61				239				6,319		6,558		—
Multifamily			—				—				—				34,108		34,108		—
Agriculture			—				—				—				7,500		7,500		—
Total real estate loans			1,070				9,561				10,631				531,019		541,650		178
Commercial loans			63				8				71				90,636		90,707		—
Consumer installment loans			28				90				118				5,549		5,667		—
All other loans			—				—				—				1,489		1,489		—
Total loans	$		1,161		$		9,659		$		10,820		$		628,693	$	639,513	$	178
	December 31, 2013
		30-89 Days Past Due				90 Days Past Due				Total Past Due				Current			Total Loans		Recorded Investment  90 Days Past Due and Accruing
Mortgage loans on real estate:
Residential 1-4 family	$	1,455		$		4,229		$		5,684		$		138,698		$	144,382	$	—
Commercial		—				1,382				1,382				245,902			247,284		—
Construction and land development		242				5,882				6,124				49,154			55,278		—
Second mortgages		—				225				225				6,629			6,854		—
Multifamily		—				—				—				35,774			35,774		—
Agriculture		—				205				205				9,360			9,565		—
Total real estate loans		1,697				11,923				13,620				485,517			499,137		—
Commercial loans		115				127				242				89,900			90,142		—
Consumer installment loans		58				55				113				5,510			5,623		—
All other loans		—				—				—				1,435			1,435		—
Total loans	$	1,870		$		12,105		$		13,975		$		582,362		$	596,337	$	—

Allowance for Loan Losses on Non-Covered Loans, Excluding PCI Loans, by Segment

Activity in the allowance for loan losses on non-covered loans, excluding PCI loans, by segment for the periods presented is presented in the following tables (dollars in thousands):

	Three Months Ended September 30, 2014
		Beginning of Period		Provision Allocation		Charge-offs		Recoveries		End of Period
Mortgage loans on real estate:
Residential 1-4 family	$	3,670	$	8	$	(501)	$	17	$	3,194
Commercial		2,919		558		(67)		8		3,418
Construction and land development		1,624		(171)		—		—		1,453
Second mortgages		98		29		—		—		127
Multifamily		176		10		—		—		186
Agriculture		64		—		—		—		64
Total real estate loans		8,551		434		(568)		25		8,442
Commercial loans		1,478		(435)		—		148		1,191
Consumer installment loans		102		(3)		(35)		38		102
All other loans		25		4		—		—		29
Total loans	$	10,156	$	—	$	(603)	$	211	$	9,764

	Three Months Ended September 30, 2013
		Beginning of Period		Provision Allocation		Charge-offs		Recoveries		End of Period
Mortgage loans on real estate:
Residential 1-4 family	$	3,938	$	(299)	$	(119)	$	3	$	3,523
Commercial		2,508		(69)		—		5		2,444
Construction and land development		2,865		290		(758)		5		2,402
Second mortgages		72		99		(100)		41		112
Multifamily		146		(26)		—		—		120
Agriculture		56		(38)		—		39		57
Total real estate loans		9,585		(43)		(977)		93		8,658
Commercial loans		1,772		6		(5)		39		1,812
Consumer installment loans		141		38		(36)		16		159
All other loans		25		(1)		—		—		24
Total loans	$	11,523	$	—	$	(1,018)	$	148	$	10,653

	Nine Months Ended September 30, 2014
		Beginning of Period		Provision Allocation		Charge-offs		Recoveries		End of Period
Mortgage loans on real estate:
Residential 1-4 family	$	3,853	$	(112)	$	(611)	$	64	$	3,194
Commercial		2,333		1,475		(479)		89		3,418
Construction and land development		2,252		(800)		—		1		1,453
Second mortgages		101		24		—		2		127
Multifamily		151		35		—		—		186
Agriculture		81		(17)		—		—		64
Total real estate loans		8,771		605		(1,090)		156		8,442
Commercial loans		1,546		(621)		—		266		1,191
Consumer installment loans		101		13		(110)		98		102
All other loans		26		3		—		—		29
Total loans	$	10,444	$	—	$	(1,200)	$	520	$	9,764

	Nine Months Ended September 30, 2013
		Beginning of Period		Provision Allocation		Charge- offs		Recoveries		End of Period
Mortgage loans on real estate:
Residential 1-4 family	$	3,985	$	(236)	$	(280)	$	54	$	3,523
Commercial		2,482		1,439		(1,492)		15		2,444
Construction and land development		3,773		(1,137)		(915)		681		2,402
Second mortgages		142		24		(100)		46		112
Multifamily		303		(183)		—		—		120
Agriculture		61		(37)		(6)		39		57
Total real estate loans		10,746		(130)		(2,793)		835		8,658
Commercial loans		1,961		75		(302)		78		1,812
Consumer installment loans		195		49		(133)		48		159
All other loans		18		6		—		—		24
Total loans	$	12,920	$	—	$	(3,228)	$	961	$	10,653

Non-Covered Loans Evaluated for Impairment

The following tables present information on the non-covered loans evaluated for impairment in the allowance for loan losses as of September 30, 2014 and December 31, 2013 (dollars in thousands):

	September 30, 2014
	Allowance for Loan Losses
	Individually Evaluated for Impairment (1)		Collectively Evaluated for Impairment		Related to PCI loans		Total
Mortgage loans on real estate:
Residential 1-4 family	$	458	$	2,736	$	—		$	3,194
Commercial		69		3,349		98			3,516
Construction and land development		553		900		—			1,453
Second mortgages		42		85		—			127
Multifamily		—		186		—			186
Agriculture		—		64		—			64
Total real estate loans		1,122		7,320		98			8,540
Commercial loans		427		764		—			1,191
Consumer installment loans		16		86		—			102
All other loans		—		29		—			29
Total loans	$	1,565	$	8,199	$	98		$	9,862

	September 30, 2014
	Recorded Investment in Loans
	Individually Evaluated for Impairment (1)		Collectively Evaluated for Impairment		Related to PCI loans		Total
Mortgage loans on real estate:
Residential 1-4 family	$	6,736	$	154,804	$	1,032	$	162,572
Commercial		7,228		273,842		1,211		282,281
Construction and land development		5,127		45,746		2,656		53,529
Second mortgages		248		6,310		18		6,576
Multifamily		—		34,108		—		34,108
Agriculture		—		7,500		—		7,500
Total real estate loans		19,339		522,310		4,917		546,566
Commercial loans		9,007		81,700		—		90,707
Consumer installment loans		94		5,573		—		5,667
All other loans		—		1,489		—		1,489
Total loans	$	28,440	$	611,072	$	4,917	$	644,429

	December 31, 2013
	Allowance for Loan Losses							Recorded Investment in Loans
	Individually Evaluated for Impairment (1)		Collectively Evaluated for Impairment		Total		Individually Evaluated for Impairment (1)		Collectively Evaluated for Impairment		Total
Mortgage loans on real estate:
Residential 1-4 family	$	923	$	2,930	$	3,853	$	6,708	$	137,674	$	144,382
Commercial		200		2,133		2,333		8,016		239,268		247,284
Construction and land development		651		1,601		2,252		8,619		46,659		55,278
Second mortgages		42		59		101		254		6,600		6,854
Multifamily		—		151		151		—		35,774		35,774
Agriculture		—		81		81		205		9,360		9,565
Total real estate loans		1,816		6,955		8,771		23,802		475,335		499,137
Commercial loans		18		1,528		1,546		192		89,950		90,142
Consumer installment loans		9		92		101		57		5,566		5,623
All other loans		—		26		26		—		1,435		1,435
Total loans	$	1,843	$	8,601	$	10,444	$	24,051	$	572,286	$	596,337

(1)The category “Individually Evaluated for Impairment” includes loans individually evaluated for impairment and determined not to be impaired.  These loans totalled $18.6 million and $10.3 million at September 30, 2014 and December 31, 2013, respectively.  The allowance for loans losses allocated to these loans was $500,000 and $239,000 at September 30, 2014 and December 31, 2013, respectively.

Non-Covered Loans, Excluding PCI Loans, by Credit Quality Indicator

The following tables present the composition of non-covered loans, excluding PCI loans, by credit quality indicator at September 30, 2014 and December 31, 2013 (dollars in thousands):

		September 30, 2014
		Pass		Special Mention		Substandard		Doubtful		Total
Mortgage loans on real estate:
Residential 1-4 family	$	147,482	$	8,958	$	5,101	$	—	$	161,541
Commercial		266,700		8,895		5,475		—		281,070
Construction and land development		45,254		491		5,128		—		50,873
Second mortgages		5,266		1,044		248		—		6,558
Multifamily		34,108		—		—		—		34,108
Agriculture		7,500		—		—		—		7,500
Total real estate loans		506,310		19,388		15,952		—		541,650
Commercial loans		79,593		2,107		9,007		—		90,707
Consumer installment loans		5,551		22		94		—		5,667
All other loans		1,489		—		—		—		1,489
Total loans	$	592,943	$	21,517	$	25,053	$	—	$	639,513

		December 31, 2013
		Pass		Special Mention		Substandard		Doubtful		Total
Mortgage loans on real estate:
Residential 1-4 family	$	129,482	$	8,193	$	6,707	$	—	$	144,382
Commercial		229,168		11,348		6,768		—		247,284
Construction and land development		44,482		2,178		8,618		—		55,278
Second mortgages		6,172		428		254		—		6,854
Multifamily		35,774		—		—		—		35,774
Agriculture		9,361		—		204		—		9,565
Total real estate loans		454,439		22,147		22,551		—		499,137
Commercial loans		87,208		2,742		192		—		90,142
Consumer installment loans		5,344		222		57		—		5,623
All other loans		1,435		—		—		—		1,435
Total loans	$	548,426	$	25,111	$	22,800	$	—	$	596,337

PCI Loans [Member]

Summary of Outstanding Principal Balance and Carrying Amounts of PCI Loans

The following table reflects the outstanding principal balance and carrying amounts of the PCI loans as of September 30, 2014 (dollars in thousands):  

	September  30, 2014
	Unpaid balance	Carrying Value
Mortgage loans on real estate:
Residential 1-4 family	$ 2,204	$ 1,032
Commercial	3,230	1,211
Construction and land development	3,687	2,656
Second mortgages	34	18
Multifamily	—	—
Agriculture	—	—
Total real estate loans	9,155	4,917
Total PCI loans	$ 9,155	$ 4,917

Summary of Changes in the Accretable Yield

The change in the accretable yield balance for the PCI loans for the period ended September 30, 2014 (dollars in thousands):

Balance transferred from covered loans,  April 1, 2014	$ 4,773
Accretion	(388)
Reclassification from nonaccretable yield	697
Balance, September 30, 2014	$ 5,082

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Loans Not Covered by FDIC Shared-Loss Agreement (Non-Covered Loans) and Related Allowance for Loan Losses (Narrative) (Details) (USD $)	3 Months Ended			9 Months Ended					9 Months Ended		3 Months Ended	9 Months Ended	3 Months Ended		9 Months Ended
	Sep. 30, 2014 loan		Sep. 30, 2013 loan	Sep. 30, 2014 loan		Sep. 30, 2013 loan	Dec. 31, 2013		Sep. 30, 2014 Residential 1-4 Family [Member]	Sep. 30, 2013 Residential 1-4 Family [Member] loan	Sep. 30, 2014 Commercial Loans [Member] loan	Sep. 30, 2014 Commercial Loans [Member] loan	Sep. 30, 2014 Accruing Loans [Member]	Sep. 30, 2013 Accruing Loans [Member]	Sep. 30, 2014 Accruing Loans [Member]	Sep. 30, 2013 Accruing Loans [Member]	Sep. 30, 2014 PCI Loans [Member]	Mar. 31, 2014 PCI Loans [Member]	Sep. 30, 2014 Guaranteed Loans [Member]	Dec. 31, 2013 Guaranteed Loans [Member]
Financing Receivable, Recorded Investment [Line Items]
Purchased government-guaranteed loans	$ 644,241,000			$ 644,241,000			$ 596,173,000												$ 21,100,000	$ 38,500,000
Percentage of loans guaranteed by the USDA																			100.00%
Unamortized purchase premium																			1,200,000	2,500,000
Shared-loss Agreement expired date									Mar. 31, 2014
Loans outstanding principal balance																	9,155,000	10,000,000
Carrying Value																	4,917,000	5,500,000
Allowance for loan losses	9,862,000			9,862,000			10,444,000											98,000
Cash basis interest income recognized	301,000		0	598,000		0
Interest and fees on non-covered loans	8,125,000		7,513,000	22,467,000		22,646,000							0	0	0	0
Estimated interest income	204,000		259,000	583,000		774,000
Purchased government-guaranteed loans																			21,100,000	38,500,000
Number of contracts										1	1	1
Number of contracts	0		1	0		1
Pre-modification balance						174,000					69,000	69,000
Post-modification balance										174,000	69,000	69,000
Total, Recorded Investment	9,852,000	[1]		9,852,000	[1]		13,801,000	[1]		173,000
1-4 family mortgages pledged as collateral to the federal bank home loan	141,800,000			141,800,000
Total borrowing capacity	$ 108,800,000			$ 108,800,000

[1] The amount of the investment in a loan, which is not net of a valuation allowance, but which does reflect any direct write-down of the investment

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FDIC Agreements and FDIC Indemnification Asset (Tables)

9 Months Ended

Sep. 30, 2014

FDIC Agreements And FDIC Indemnification Asset [Abstract]

Summary Balances of FDIC Indemnification Asset

The following table presents the balances of the FDIC indemnification asset at September 30, 2014 and December 31, 2013 (dollars in thousands):

	Anticipated Expected Losses	Estimated Loss Sharing Value	Amortizable Premium (Discount) at Present Value	FDIC Indemnification Asset Total
January 1, 2013	$ 23,205	$ 18,564	$ 15,273	$ 33,837
Increases:
Writedown of OREO property to FMV	344	275		275
Decreases:
Net amortization of premium			(6,449)	(6,449)
Reclassifications to FDIC receivable:
Net loan charge-offs and recoveries	(1,268)	(1,014)		(1,014)
OREO sales	(1,180)	(944)		(944)
Reimbursements requested from FDIC	(370)	(296)		(296)
Reforecasted Change in Anticipated Expected Losses	(7,217)	(5,774)	5,774	—
December 31, 2013	$                 13,514	$                 10,811	$             14,598	$                   25,409
Increases:
Writedown of OREO property to FMV	34	27		27
Decreases:
Net amortization of premium			(4,415)	(4,415)
Reclassifications to FDIC receivable:
Net loan charge-offs and recoveries	(146)	(117)		(117)
OREO sales	(618)	(494)		(494)
Reimbursements requested from FDIC	(118)	(95)		(95)
Reforecasted Change in Anticipated Expected Losses	(6,628)	(5,302)	5,302	—
September 30, 2014	$ 6,038	$ 4,830	$ 15,485	$ 20,315

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Consolidated Statements of Cash Flows (USD $) In Thousands, unless otherwise specified	9 Months Ended
	Sep. 30, 2014	Sep. 30, 2013
Operating activities:
Net income	$ 5,257	$ 4,713
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and intangibles amortization	2,558	2,959
Non-cash contribution of property	68
Issuance of common stock and stock options	326	197
Amortization of purchased loan premium	960	933
Deferred tax expense		2,036
Amortization of security premiums and accretion of discounts, net	2,612	2,723
Net gain on sale of securities	(494)	(446)
Net loss on sale and valuation of other real estate owned	700	982
Net (gain) loss on sale of loans	(153)	614
Changes in assets and liabilities:
Decrease in loans held for sale	(139)	1,184
Decrease in other assets	2,679	8,755
Increase (decrease) in accrued expenses and other liabilities	580	(82)
Net cash provided by operating activities	14,954	24,568
Investing activities:
Proceeds from available for sale securities	87,169	142,475
Proceeds from held to maturity securities	5,704	9,171
Proceeds from equity securities	587	1,334
Purchase of available for sale securities	(83,479)	(116,122)
Purchase of held to maturity securities	(15,777)
Purchase of equity securities	(378)	(332)
Proceeds from sale of other real estate owned	3,132	5,252
Improvements of other real estate, net of insurance proceeds	(418)	(538)
Net increase in loans	(54,868)	(22,673)
Principal recoveries of loans previously charged off	520	960
Purchase of premises and equipment, net	(2,751)	(1,709)
Purchase of bank owned life insurance investment		(5,000)
Proceeds from sale of loans	11,175	4,300
Net cash (used in) provided by investing activities	(49,384)	17,118
Financing activities:
Net increase (decrease) in noninterest bearing and interest bearing demand deposits	29,371	(13,820)
Net (decrease) increase in federal funds purchased	(2,713)	1,588
Net increase (decrease) in Federal Home Loan Bank borrowings	4,459	(18,325)
Cash dividends paid	(247)	(650)
Proceeds from long-term debt	10,680
Payments on long-term debt	(1,000)
Redemption of preferred stock and related warrants	(11,460)	(4,500)
Net cash provided by (used in) financing activities	29,090	(35,707)
Net increase in cash and cash equivalents	(5,340)	5,979
Cash and cash equivalents:
Beginning of the period	23,835	24,137
End of the period	18,495	30,116
Supplemental disclosures of cash flow information:
Interest paid	4,924	5,582
Income taxes paid	2,249
Transfers to other real estate owned	2,555	2,174
Transfer of building premises and equipment to held for sale	3,237	6,004
Transfer of deposits to held for sale		192,199
Transfer of portfolio loans to held for sale		$ 30,228

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Consolidated Balance Sheets (Parenthetical) (USD $) In Thousands, except Share data, unless otherwise specified	Sep. 30, 2014	Dec. 31, 2013
Statement Of Financial Position [Abstract]
Securities held to maturity	$ 48,062	$ 30,305
Allowance for loan losses, non-covered loans	9,862	10,444
Allowance for loan losses, covered loans	$ 386	$ 484
Preferred stock, shares authorized	5,000,000	5,000,000
Preferred stock, par value	$ 0.01	$ 0.01
Preferred stock, shares issued	0	10,680
Preferred stock, shares outstanding	0	10,680
Common stock, shares authorized	200,000,000	200,000,000
Common stock, par value	$ 0.01	$ 0.01
Common stock, shares issued	21,782,826	21,709,096
Common stock, shares outstanding	21,782,826	21,709,096

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Earnings Per Common Share

9 Months Ended

Sep. 30, 2014

Earnings Per Common Share [Abstract]

Earnings Per Common Share

10.  EARNINGS PER COMMON SHARE

Basic earnings per common share (EPS) is computed by dividing net income or loss available to common shareholders by the weighted average number of common shares outstanding during the period. Diluted EPS is computed using the weighted average number of common shares outstanding during the period, including the effect of all potentially dilutive common shares outstanding attributable to stock instruments (dollars and shares in thousands, except per share data):

	Net Income Available to Common Shareholders (Numerator)	Weighted Average Common Shares (Denominator)	Per Common Share Amount
For the three months ended September 30, 2014
Basic EPS	$ 1,813	21,764	$ 0.08
Effect of dilutive stock awards	—	223	—
Diluted EPS	$ 1,813	21,987	$ 0.08
For the three months ended September 30, 2013
Shares issued		21,696
Unissued vested restricted stock		11
Basic EPS	$ 1,501	21,707	$ 0.07
Effect of dilutive stock awards	—	264	—
Diluted EPS	$ 1,501	21,971	$ 0.07
	Net Income Available to Common Shareholders (Numerator)	Weighted Average Common Shares (Denominator)	Per Common Share Amount
For the nine months ended September 30, 2014
Basic EPS	$ 5,010	21,745	$ 0.23
Effect of dilutive stock awards	—	219	—
Diluted EPS	$ 5,010	21,964	$ 0.23
For the nine months ended September 30, 2013
Shares issued		21,684
Unissued vested restricted stock		11
Basic EPS	$ 3,873	21,695	$ 0.18
Effect of dilutive stock awards	—	197	—
Diluted EPS	$ 3,873	21,892	$ 0.18

Excluded from the computation of diluted earnings per common share were 30,000 common shares issuable under awards or options during the three and nine months ended September 30, 2014, because their inclusion would be anti-dilutive. Anti-dilutive common shares issuable under awards, options or warrants of 846,000 and 66,000 were excluded for the three and nine months ended September 30, 2013, respectively.

In December 2008, the Company issued 17,680 shares of its Fixed Rate Cumulative PerpetualPreferred Stock, Series A to the United States Department of Treasury in connection with the Company’s participation in the Treasury’s TARP Capital Purchase Program. Under the terms of the Series A Preferred Stock, prior to its redemption, as discussed below, the Company was required to pay cumulative dividends on a quarterly basis at a rate of 5% per year on such amount through the February 2014 payment.  After the February 2014 payment, the dividend rate automatically increased to 9% per year. The Company could defer dividend payments, but the dividend was a cumulative dividend that accrued for payment in the future.  Deferred dividends also accrued interest at the same rate as the dividend.  The failure to pay dividends for six dividend periods triggered the right for the holder of the Series A Preferred Stock to appoint two directors to the Company’s board.

During 2013, the Company repurchased 7,000 shares of the original 17,680 shares of Series A Preferred Stock. The Company funded the repurchase through the earnings of its banking subsidiary.

On April 23, 2014, the Company repurchased the remaining 10,680 shares of Series A Preferred Stock.  The Company funded the repurchase through an unsecured third-party term loan (See Note 7). The form of the repurchase was a redemption under the terms of the TARP preferred stock.  The Company paid the Treasury $10.9 million, which represented 100% of the par value of the preferred stock repurchased plus accrued dividends with respect to such shares. 

On June 4, 2014, the Company paid the Treasury $780,000 to repurchase the warrant that had been associated with the Series A Preferred Stock.  The Company had originally issued the warrant, which permitted Treasury to purchase 780,000 shares of the Company's common stock at an exercise price of $3.40, in December 2008. There are no other investments from the Company's participation in TARP that remain outstanding.

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Document and Entity Information	9 Months Ended
	Sep. 30, 2014
Document And Entity Information [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Sep. 30, 2014
Document Fiscal Year Focus	2014
Document Fiscal Period Focus	Q3
Entity Registrant Name	Community Bankers Trust Corp
Entity Central Index Key	0001323648
Current Fiscal Year End Date	--12-31
Entity Filer Category	Accelerated Filer
Entity Common Stock, Shares Outstanding	21,782,826

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Defined Benefit Plan

9 Months Ended

Sep. 30, 2014

Defined Benefit Plan [Abstract]

Defined Benefit Plan

11.  DEFINED BENEFIT PLAN

On May 31, 2008, the Company adopted the Bank of Essex noncontributory defined benefit pension plan for all full-time pre-merger Bank employees over 21 years of age. Benefits are generally based upon years of service and the employees’ compensation. The Company funds pension costs in accordance with the funding provisions of the Employee Retirement Income Security Act. The Company has frozen the plan benefits for all participants effective December 31, 2010.  The following table presents the components of net periodic benefit cost for the three and nine  months ended September 30, 2014 and 2013 (dollars in thousands):

Three months ended			Nine months ended
September 30, 2014	September 30, 2013		September 30, 2014	September 30, 2013
Interest cost		$ 55	$ 56		$ 167	$ 168
Expected return on plan assets		(99)	(101)		(297)	(303)
Amortization of prior service cost		1	-		3	-
Recognized net (gain)/loss due to settlement		3	-		9	-
Recognized net actuarial  loss		-	17		-	51
Net periodic benefit cost		($40)	($28)		($118)	($84)

As of September 30, 2014, there had been no employer contributions for the plan year.  The Company is considering terminating the pension plan in the future.  No determination has been made and the Company has not determined the financial impact of the termination of the plan. 

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Consolidated Statements of Income (USD $) In Thousands, except Per Share data, unless otherwise specified	3 Months Ended		9 Months Ended
	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2014	Sep. 30, 2013
Interest and dividend income
Interest and fees on non-covered loans	$ 8,125	$ 7,513	$ 22,467	$ 22,646
Interest and fees on FDIC covered loans	2,445	3,538	8,670	8,942
Interest on federal funds sold				3
Interest on deposits in other banks	11	11	46	33
Interest and dividends on securities
Taxable	1,813	1,934	5,221	5,717
Nontaxable	271	175	595	487
Total interest and dividend income	12,665	13,171	36,999	37,828
Interest expense
Interest on deposits	1,504	1,568	4,365	4,869
Interest on short-term borrowings	2	1	4	4
Interest on other borrowed funds	277	180	681	561
Total interest expense	1,783	1,749	5,050	5,434
Net interest income	10,882	11,422	31,949	32,394
Provision for loan losses
Net interest income after provision for loan losses	10,882	11,422	31,949	32,394
Noninterest income
Service charges on deposit accounts	584	741	1,634	2,105
Gain on securities transactions, net	115	38	494	446
Gain on sale of other loans, net	78	(614)	153	(614)
Income on bank owned life insurance	193	199	578	547
Other	196	229	578	773
Total noninterest income	1,166	593	3,437	3,257
Noninterest expense
Salaries and employee benefits	4,072	4,096	12,023	11,990
Occupancy expenses	631	690	1,966	2,070
Equipment expenses	255	276	734	790
Legal fees	10	24	67	75
Professional fees	86	52	328	241
FDIC assessment	210	225	611	615
Data processing fees	355	485	1,312	1,573
FDIC indemnification asset amortization	1,439	1,716	4,415	4,809
Amortization of intangibles	477	565	1,431	1,696
Other real estate expense	392	(33)	775	1,206
Other operating expenses	1,611	1,337	4,412	3,837
Total noninterest expense	9,538	9,433	28,074	28,902
Income before income taxes	2,510	2,582	7,312	6,749
Income tax expense	697	800	2,055	2,036
Net income	1,813	1,782	5,257	4,713
Dividends paid on preferred stock		208	247	650
Accretion of discount on preferred stock		73		190
Net income available to common shareholders	$ 1,813	$ 1,501	$ 5,010	$ 3,873
Net income per share - basic	$ 0.08	$ 0.07	$ 0.23	$ 0.18
Net income per share - diluted	$ 0.08	$ 0.07	$ 0.23	$ 0.18
Weighted average number of shares outstanding
basic	21,764	21,707	21,745	21,695
diluted	21,987	21,971	21,964	21,892

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FDIC Agreements and FDIC Indemnification Asset

9 Months Ended

Sep. 30, 2014

FDIC Agreements And FDIC Indemnification Asset [Abstract]

FDIC Agreements and FDIC Indemnification Asset

5.  FDIC Agreements and FDIC Indemnification Asset

On January 30, 2009, the Company entered into a Purchase and Assumption Agreement with the FDIC to assume all of the deposits and certain other liabilities and acquire substantially all assets of SFSB. Under the shared-loss agreements that are part of that agreement, the FDIC will reimburse the Bank for 80% of losses arising from covered loans and foreclosed real estate assets, on the first $118 million in losses on such covered loans and foreclosed real estate assets, and for 95% of losses on covered loans and foreclosed real estate assets thereafter. Under the shared-loss agreements, a “loss” on a covered loan or foreclosed real estate is defined generally as a realized loss incurred through a permitted disposition, foreclosure, short-sale or restructuring of the covered loan or foreclosed real estate. The reimbursements for losses on single family, 1-4 family residential mortgage assets are to be made quarterly through March 2019 for losses incurred through January 2019, and the reimbursements for losses on other covered assets were made quarterly through March 2014.  The shared-loss agreements provide for indemnification from the first dollar of losses without any threshold requirement. The reimbursable losses from the FDIC are based on the book value of the relevant loan as determined by the FDIC at the date of the transaction, January 30, 2009. New loans made after that date are not covered by the shared-loss agreements. The fair value of the shared-loss agreements is detailed below.

The Company is accounting for the shared-loss agreements as an indemnification asset pursuant to the guidance in FASB ASC 805, Business Combinations. The FDIC indemnification asset is required to be measured in the same manner as the asset or liability to which it relates. The FDIC indemnification asset is measured separately from the covered loans and other real estate owned assets (OREO) because it is not contractually embedded in the covered loan and OREO and is not transferable should the Company choose to dispose of them. Fair value was estimated using projected cash flows available for loss sharing based on the credit adjustments estimated for each loan pool and other real estate owned and the loss sharing percentages outlined in the shared-loss agreements with the FDIC. These cash flows were discounted to reflect the uncertainty of the timing and receipt of the loss sharing reimbursement from the FDIC.

Because the acquired loans are subject to shared-loss agreements and a corresponding indemnification asset exists to represent the value of expected payments from the FDIC, increases and decreases in loan accretable yield due to changing loss expectations will also have an impact on the valuation of the FDIC indemnification asset. Improvement in loss expectations will typically increase loan accretable yield and decrease the value of the FDIC indemnification asset and, in some instances, result in an amortizable premium on the FDIC indemnification asset. Increases in loss expectations will typically be recognized as impairment in the current period through allowance for loan losses, resulting in additional noninterest income for the amount of the increase in the FDIC indemnification asset.

In addition to the premium amortization, the balance of the FDIC indemnification asset is affected by expected payments from the FDIC.  Under the terms of the shared-loss agreements, the FDIC will reimburse the Company for loss events incurred related to the covered loan portfolio.  These events include such things as future writedowns due to decreases in the fair market value of OREO, net loan charge-offs and recoveries, and net gains and losses on OREO sales.

As discussed above, the shared-loss agreement for assets other than single family, 1-4 residential mortgage assets expired March 2014.  The FDIC indemnification asset related to those assets was zero March 31, 2014.

The following table presents the balances of the FDIC indemnification asset at September 30, 2014 and December 31, 2013 (dollars in thousands):

	Anticipated Expected Losses	Estimated Loss Sharing Value	Amortizable Premium (Discount) at Present Value	FDIC Indemnification Asset Total
January 1, 2013	$ 23,205	$ 18,564	$ 15,273	$ 33,837
Increases:
Writedown of OREO property to FMV	344	275		275
Decreases:
Net amortization of premium			(6,449)	(6,449)
Reclassifications to FDIC receivable:
Net loan charge-offs and recoveries	(1,268)	(1,014)		(1,014)
OREO sales	(1,180)	(944)		(944)
Reimbursements requested from FDIC	(370)	(296)		(296)
Reforecasted Change in Anticipated Expected Losses	(7,217)	(5,774)	5,774	—
December 31, 2013	$                 13,514	$                 10,811	$             14,598	$                   25,409
Increases:
Writedown of OREO property to FMV	34	27		27
Decreases:
Net amortization of premium			(4,415)	(4,415)
Reclassifications to FDIC receivable:
Net loan charge-offs and recoveries	(146)	(117)		(117)
OREO sales	(618)	(494)		(494)
Reimbursements requested from FDIC	(118)	(95)		(95)
Reforecasted Change in Anticipated Expected Losses	(6,628)	(5,302)	5,302	—
September 30, 2014	$ 6,038	$ 4,830	$ 15,485	$ 20,315

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Loans Covered by FDIC Shared-Loss Agreements (Covered Loans) and Related Allowance for Loan Losses

9 Months Ended

Sep. 30, 2014

Loans Covered by FDIC Shared-Loss Agreements (Covered Loans) and Related Allowance for Loan Losses [Abstract]

Loans Covered by FDIC Shared-Loss Agreements (Covered Loans) and Related Allowance for Loan Losses

4.  LOANS COVERED BY FDIC SHARED-LOSS AGREEMENTS (COVERED LOANS) AND RELATED ALLOWANCE FOR LOAN LOSSES

On January 30, 2009, the Company entered into a Purchase and Assumption Agreement with the FDIC to assume all of the deposits and certain other liabilities and acquire substantially all assets of SFSB. The Company is applying the provisions of FASB ASC 310-30, Loans and Debt Securities Acquired with Deteriorated Credit Quality, to all loans acquired in the SFSB transaction (the “covered loans”).  Of the total $198.3 million in loans acquired, $49.1 million met the criteria of FASB ASC 310-30. These loans, consisting mainly of construction loans, were deemed impaired at the acquisition date.  The remaining $149.1 million of loans acquired, comprised mainly of residential 1-4 family, were analogized to meet the criteria of FASB ASC 310-30.  Analysis of this portfolio revealed that SFSB utilized weak underwriting and documentation standards, which led the Company to believe that significant losses were probable given the economic environment at the time.  The shared-loss agreement related to loans other than those secured by single family, residential 1-4 family mortgages expired March 31, 2014. These loans, which had an outstanding principal balance of $10.0 million and a carrying value of $5.5 million at March 31, 2014, were transferred to non-covered loans effective April 1, 2014 (the PCI loans).   See Note 3 for further details.

As of September 30, 2014 and December 31, 2013, the outstanding contractual balance of the covered loans was $97.6million and $117.0 million, respectively.  The carrying amount, by loan type, as of these dates is as follows (dollars in thousands): 

	September 30, 2014			December 31, 2013
	Amount	% of Covered Loans		Amount	% of Covered Loans
Mortgage loans on real estate:
Residential 1-4 family	$ 60,528	94.08	%	$ 64,610	88.18	%
Commercial	—	—		1,389	1.90
Construction and land development	—	—		2,940	4.01
Second mortgages	3,536	5.50		3,898	5.32
Multifamily	274	0.42		266	0.36
Agriculture	—	—		172	0.23
Total real estate loans	64,338	100.00		73,275	100.00
Total covered loans	$ 64,338	100.00	%	$ 73,275	100.00	%

The allowance for loan losses related to the PCI loans of $98,000 was transferred to the non-covered allowance for loan losses effective April 1, 2014, and was related to commercial real estate loans.  The remaining allowance for loan losses on covered loans of $386,000 at September 30, 2014, related to residential 1-4 family loans.  There was no other activity in the allowance for loan losses on covered loans for either the three or nine months ended September 30, 2014.   There was no activity in the allowance for loan losses on covered loans for either the three or nine months ended September 30, 2013.  

The following table presents information on the covered loans collectively evaluated for impairment in the allowance for loan losses at September 30, 2014 and December 31, 2013 (dollars in thousands):

	September 30, 2014		December 31, 2013
	Allowance for loan losses	Recorded investment in loans	Allowance for loan losses	Recorded investment in loans
Mortgage loans on real estate:
Residential 1-4 family	$ 386	$ 60,528	$ 252	$ 64,610
Commercial	—	—	232	1,389
Construction and land development	—	—	—	2,940
Second mortgages	—	3,536	—	3,898
Multifamily	—	274	—	266
Agriculture	—	—	—	172
Total real estate loans	386	64,338	484	73,275
Total covered loans	$ 386	$ 64,338	$ 484	$ 73,275

The change in the accretable yield balance for the periods ended September 30, 2014 and December 31, 2013 is as follows (dollars in thousands):

Balance, January 1, 2013	$ 54,144
Accretion	(11,936)
Reclassification from nonaccretable yield	9,307
Balance, December 31, 2013	51,515
Accretion	(8,660)
Reclassification from nonaccretable yield	8,674
Transfer of PCI loans to non-covered loans	(4,773)
Balance, September 30, 2014	$ 46,756

The covered loans were not classified as nonperforming assets as of September 30, 2014, as the loans are accounted for on a pooled basis, and interest income, through accretion of the difference between the carrying amount of the loans and the expected cash flows, is being recognized on all covered loans.

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Loans Covered by FDIC Shared-Loss Agreements (Covered Loans) and Related Allowance for Loan Losses (Tables) (Covered Loans [Member])

9 Months Ended

Sep. 30, 2014

Covered Loans [Member]

Summary of Covered Loans

The carrying amount, by loan type, as of these dates is as follows (dollars in thousands): 

	September 30, 2014			December 31, 2013
	Amount	% of Covered Loans		Amount	% of Covered Loans
Mortgage loans on real estate:
Residential 1-4 family	$ 60,528	94.08	%	$ 64,610	88.18	%
Commercial	—	—		1,389	1.90
Construction and land development	—	—		2,940	4.01
Second mortgages	3,536	5.50		3,898	5.32
Multifamily	274	0.42		266	0.36
Agriculture	—	—		172	0.23
Total real estate loans	64,338	100.00		73,275	100.00
Total covered loans	$ 64,338	100.00	%	$ 73,275	100.00	%

Summary of Covered Loans Collectively Evaluated for Impairment in the Allowance for Loan Losses

The following table presents information on the covered loans collectively evaluated for impairment in the allowance for loan losses at September 30, 2014 and December 31, 2013 (dollars in thousands):

	September 30, 2014		December 31, 2013
	Allowance for loan losses	Recorded investment in loans	Allowance for loan losses	Recorded investment in loans
Mortgage loans on real estate:
Residential 1-4 family	$ 386	$ 60,528	$ 252	$ 64,610
Commercial	—	—	232	1,389
Construction and land development	—	—	—	2,940
Second mortgages	—	3,536	—	3,898
Multifamily	—	274	—	266
Agriculture	—	—	—	172
Total real estate loans	386	64,338	484	73,275
Total covered loans	$ 386	$ 64,338	$ 484	$ 73,275

Summary of Changes in the Accretable Yield

The change in the accretable yield balance for the periods ended September 30, 2014 and December 31, 2013 is as follows (dollars in thousands):

Balance, January 1, 2013	$ 54,144
Accretion	(11,936)
Reclassification from nonaccretable yield	9,307
Balance, December 31, 2013	51,515
Accretion	(8,660)
Reclassification from nonaccretable yield	8,674
Transfer of PCI loans to non-covered loans	(4,773)
Balance, September 30, 2014	$ 46,756

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Branch Sales

9 Months Ended

Sep. 30, 2014

Branch Sales [Abstract]

Branch Sales

12.  BRANCH SALES

The Company is currently marketing for sale its office in Crofton, Maryland, which had been the former SFSB headquarters, and its office in Catonsville, Maryland.  In accordance with FASB ASC 360, Property, Plant and Equipment, the net book value of the offices, excluding furniture and equipment, of $2.8 million and $464,000, respectively, were classified as held for sale at September 30, 2014, as it represents the lower of cost or fair market value.  In connection with the potential sale, the Company intends to lease approximately 66% of the Crofton office, including the current branch location.  Any resulting gain will be deferred over the life of the lease in accordance with FASB ASC 840-40, Leases, Sale-Leaseback Transactions.  

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Accumulated Other Comprehensive Loss

9 Months Ended

Sep. 30, 2014

Accumulated Other Comprehensive Loss [Abstract]

Accumulated Other Comprehensive Loss

8.  ACCUMULATED OTHER COMPREHENSIVE LOSS

The following tables present activity net of tax in accumulated other comprehensive loss (AOCL) for the three and nine months ended September 30, 2014 and 2013 (dollars in thousands):

	Three months ended September 30, 2014
	Unrealized Gain/Loss on Securities		Defined Benefit Pension Plan		Total Other Comprehensive Loss
Beginning balance	$	(445)	$	(155)	$	(600)
Other comprehensive income before reclassifications		580		-		580
Amounts reclassified from AOCL		(76)		-		(76)
Net current period other comprehensive income		504		-		504
Ending balance	$	59	$	(155)	$	(96)

	Three months ended September 30, 2013
	Unrealized Gain/Loss on Securities		Defined Benefit Pension Plan		Total Other Comprehensive Loss
Beginning balance	$	(1,256)	$	(1,038)	$	(2,294)
Other comprehensive loss before reclassifications		(1,460)		-		(1,460)
Amounts reclassified from AOCL		(25)		-		(25)
Net current period other comprehensive loss		(1,485)		-		(1,485)
Ending balance	$	(2,741)	$	(1,038)	$	(3,779)

	Nine months ended September 30, 2014
	Unrealized Gain/Loss on Securities		Defined Benefit Pension Plan		Total Other Comprehensive Loss
Beginning balance	$	(3,954)	$	(155)	$	(4,109)
Other comprehensive income before reclassifications		4,339		-		4,339
Amounts reclassified from AOCL		(326)		-		(326)
Net current period other comprehensive income		4,013		-		4,013
Ending balance	$	59	$	(155)	$	(96)

	Nine months ended September 30, 2013
	Unrealized Gain/Loss on Securities		Defined Benefit Pension Plan		Total Other Comprehensive Loss
Beginning balance	$	3,866	$	(1,038)	$	2,828
Other comprehensive loss before reclassifications		(6,313)		-		(6,313)
Amounts reclassified from AOCL		(294)		-		(294)
Net current period other comprehensive loss		(6,607)		-		(6,607)
Ending balance	$	(2,741)	$	(1,038)	$	(3,779)

The following tables present the effects of reclassifications out of AOCL on line items of consolidated income for the three and nine months ended September 30, 2014 and 2013 (dollars in thousands):

Details about AOCL	Amount Reclassified from AOCL				Affected Line Item in the Unaudited Consolidated Statement of Income
	Three months ended
	September 30, 2014		September 30, 2013
Unrealized gains on securities available for sale	$	(115)	$	(38)	Gain on securities transactions, net
		39		13	Income tax expense
	$	(76)	$	(25)	Net of tax

Details about AOCL	Amount Reclassified from AOCL				Affected Line Item in the Unaudited Consolidated Statement of Income
		Nine months ended
	September 30, 2014		September 30, 2013
Unrealized gains on securities available for sale	$	(494)	$	(446)	Gain on securities transactions, net
		168		152	Income tax expense
	$	(326)	$	(294)	Net of tax

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Fair Values of Assets and Liabilities (Assets and Liabilities Recorded at Fair Value on Recurring Basis) (Details) (USD $) In Thousands, unless otherwise specified	Sep. 30, 2014	Dec. 31, 2013
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total investment securities available for sale	$ 258,211	$ 265,777
U.S. Treasury Issue and Other U.S. Gov't Agencies [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total investment securities available for sale	80,931	98,987
U.S. Gov't Sponsored Agencies [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total investment securities available for sale		486
State, County and Municipal [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total investment securities available for sale	136,928	134,096
Corporate and Other Bonds [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total investment securities available for sale	11,942	6,349
Mortgage Backed - U.S. Gov't Agencies [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total investment securities available for sale	2,402	3,439
Mortgage Backed - U.S. Gov't Sponsored Agencies [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total investment securities available for sale	26,008	22,420
Fair Value, Measurements, Recurring [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total investment securities available for sale	258,211	265,777
Loans held for sale	239	100
Total assets at fair value	258,450	265,877
Total liabilities at fair value
Fair Value, Measurements, Recurring [Member] | Level 1 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total investment securities available for sale	76,350	99,948
Loans held for sale
Total assets at fair value	76,350	99,948
Total liabilities at fair value
Fair Value, Measurements, Recurring [Member] | Level 2 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total investment securities available for sale	181,861	165,829
Loans held for sale	239	100
Total assets at fair value	182,100	165,929
Total liabilities at fair value
Fair Value, Measurements, Recurring [Member] | Level 3 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total investment securities available for sale
Loans held for sale
Total assets at fair value
Total liabilities at fair value
Fair Value, Measurements, Recurring [Member] | U.S. Treasury Issue and Other U.S. Gov't Agencies [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total investment securities available for sale	80,931	98,987
Fair Value, Measurements, Recurring [Member] | U.S. Treasury Issue and Other U.S. Gov't Agencies [Member] | Level 1 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total investment securities available for sale	76,350	94,935
Fair Value, Measurements, Recurring [Member] | U.S. Treasury Issue and Other U.S. Gov't Agencies [Member] | Level 2 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total investment securities available for sale	4,581	4,052
Fair Value, Measurements, Recurring [Member] | U.S. Treasury Issue and Other U.S. Gov't Agencies [Member] | Level 3 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total investment securities available for sale
Fair Value, Measurements, Recurring [Member] | U.S. Gov't Sponsored Agencies [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total investment securities available for sale		486
Fair Value, Measurements, Recurring [Member] | U.S. Gov't Sponsored Agencies [Member] | Level 1 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total investment securities available for sale
Fair Value, Measurements, Recurring [Member] | U.S. Gov't Sponsored Agencies [Member] | Level 2 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total investment securities available for sale		486
Fair Value, Measurements, Recurring [Member] | U.S. Gov't Sponsored Agencies [Member] | Level 3 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total investment securities available for sale
Fair Value, Measurements, Recurring [Member] | State, County and Municipal [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total investment securities available for sale	136,928	134,096
Fair Value, Measurements, Recurring [Member] | State, County and Municipal [Member] | Level 1 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total investment securities available for sale		2,482
Fair Value, Measurements, Recurring [Member] | State, County and Municipal [Member] | Level 2 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total investment securities available for sale	136,928	131,614
Fair Value, Measurements, Recurring [Member] | State, County and Municipal [Member] | Level 3 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total investment securities available for sale
Fair Value, Measurements, Recurring [Member] | Corporate and Other Bonds [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total investment securities available for sale	11,942	6,349
Fair Value, Measurements, Recurring [Member] | Corporate and Other Bonds [Member] | Level 1 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total investment securities available for sale
Fair Value, Measurements, Recurring [Member] | Corporate and Other Bonds [Member] | Level 2 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total investment securities available for sale	11,942	6,349
Fair Value, Measurements, Recurring [Member] | Corporate and Other Bonds [Member] | Level 3 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total investment securities available for sale
Fair Value, Measurements, Recurring [Member] | Mortgage Backed - U.S. Gov't Agencies [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total investment securities available for sale	2,402	3,439
Fair Value, Measurements, Recurring [Member] | Mortgage Backed - U.S. Gov't Agencies [Member] | Level 1 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total investment securities available for sale
Fair Value, Measurements, Recurring [Member] | Mortgage Backed - U.S. Gov't Agencies [Member] | Level 2 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total investment securities available for sale	2,402	3,439
Fair Value, Measurements, Recurring [Member] | Mortgage Backed - U.S. Gov't Agencies [Member] | Level 3 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total investment securities available for sale
Fair Value, Measurements, Recurring [Member] | Mortgage Backed - U.S. Gov't Sponsored Agencies [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total investment securities available for sale	26,008	22,420
Fair Value, Measurements, Recurring [Member] | Mortgage Backed - U.S. Gov't Sponsored Agencies [Member] | Level 1 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total investment securities available for sale		2,531
Fair Value, Measurements, Recurring [Member] | Mortgage Backed - U.S. Gov't Sponsored Agencies [Member] | Level 2 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total investment securities available for sale	26,008	19,889
Fair Value, Measurements, Recurring [Member] | Mortgage Backed - U.S. Gov't Sponsored Agencies [Member] | Level 3 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total investment securities available for sale

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Deposits

9 Months Ended

Sep. 30, 2014

Deposits [Abstract]

Deposits

6.  DEPOSITS

The following table provides interest bearing deposit information, by type, as of September 30, 2014 and December 31, 2013 (dollars in thousands):

	September 30, 2014		December 31, 2013
NOW	$	104,788	$	$ 102,111
MMDA		97,718		94,170
Savings		77,664		75,159
Time deposits less than $100,000		240,045		235,482
Time deposits $100,000 and over		319,971		315,287
Total interest bearing deposits	$	840,186	$	$ 822,209

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Long-Term Debt

9 Months Ended

Sep. 30, 2014

Long-Term Debt [Abstract]

Long-Term Debt

7.  LONG-TERM DEBT

On April 23, 2014, the Company repurchased the then outstanding 10,680 shares of Series A Preferred Stock (see Note 10).  The Company funded the repurchase through an unsecured third-party term loan.  The term loan, which has a maturity date of April 21, 2017, requires that the Company make quarterly payments of 7.5% of the initial outstanding principal, plus accrued interest, during a six-quarter period beginning with the quarter ending December 31, 2014, quarterly payments of 10% of the initial outstanding principal, plus accrued interest, during the subsequent four-quarter period and the remaining principal amount and accrued interest at maturity.  The interest rate resets quarterly based on three-month LIBOR plus 3.50% per annum.  As of September 30, 2014, the interest rate was 3.73%. The Company made an unscheduled principal payment of $1.0 million during the third quarter leaving a balance of $9.680 million as of September 30, 2014.

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Fair Values of Assets and Liabilities

9 Months Ended

Sep. 30, 2014

Fair Values of Assets and Liabilities [Abstract]

Fair Values of Assets and Liabilities

9. Fair Values of Assets and Liabilities

FASB ASC 820, Fair Value Measurements and Disclosures, defines fair value as the exchange price that would be received for an asset or paid to transfer a liability in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants on the measurement date. FASB ASC 820 requires that valuation techniques maximize the use of observable inputs and minimize the use of unobservable inputs and also establishes a fair value hierarchy that prioritizes the valuation inputs into three broad levels. The Company groups assets and liabilities at fair value in three levels, based on the markets in which the assets and liabilities are traded and the reliability of the assumptions used to determine fair value. These levels are:

• Level 1—Valuation is based upon quoted prices for identical instruments traded in active markets.

• Level 2—Valuation is based upon quoted prices for similar instruments in active markets, quoted prices for identical or similar instruments in markets that are not active, and model-based valuation techniques for which all significant assumptions are observable in the market or can be corroborated by observable market data for substantially the full term of the assets or liabilities.

• Level 3—Valuation is determined using model-based techniques with significant assumptions not observable in the market. These unobservable assumptions reflect the Company’s own estimates of assumptions that market participants would use in pricing the asset or liability. Valuation techniques include the use of third party pricing services, option pricing models, discounted cash flow models and similar techniques.

FASB ASC 825, Financial Instruments, allows an entity the irrevocable option to elect fair value for the initial and subsequent measurement for certain financial assets and liabilities on a contract-by-contract basis. The Company has not made any material FASB ASC 825 elections as of September 30, 2014.

Assets and Liabilities Recorded at Fair Value on a Recurring Basis

      The Company utilizes fair value measurements to record adjustments to certain assets to determine fair value disclosures.  Securities available for sale and loans held for sale are recorded at fair value on a recurring basis.  The tables below present the recorded amount of assets and liabilities measured at fair value on a recurring basis (dollars in thousands):

	September 30, 2014
	Total		Level 1		Level 2		Level 3
Investment securities available for sale
U.S. Treasury issue and other U.S. Gov’t agencies	$	80,931	$	76,350	$	4,581	$	-
U.S. Gov’t sponsored agencies		-		-		-		-
State, county and municipal		136,928		-		136,928		-
Corporate and other bonds		11,942		-		11,942		-
Mortgage backed – U.S. Gov’t agencies		2,402		-		2,402		-
Mortgage backed – U.S. Gov’t sponsored agencies		26,008		-		26,008		-
Total investment securities available for sale		258,211		76,350		181,861		-
Loans held for sale		239		-		239		-
Total assets at fair value	$	258,450	$	76,350	$	182,100	$	-
Total liabilities at fair value	$	-	$	-	$	-	$	-

	December 31, 2013
	Total		Level 1		Level 2		Level 3
Investment securities available for sale
U.S. Treasury issue and other U.S. Gov’t agencies	$	98,987	$	94,935	$	4,052	$	-
U.S. Gov’t sponsored agencies		486		-		486		-
State, county and municipal		134,096		2,482		131,614		-
Corporate and other bonds		6,349		-		6,349		-
Mortgage backed – U.S. Gov’t agencies		3,439		-		3,439		-
Mortgage backed – U.S. Gov’t sponsored agencies		22,420		2,531		19,889		-
Total investment securities available for sale		265,777		99,948		165,829		-
Loans held for sale		100		-		100		-
Total assets at fair value	$	265,877	$	99,948	$	165,929	$	-
Total liabilities at fair value	$	-	$	-	$	-	$	-

Investment securities available for sale

Investment securities available for sale are recorded at fair value each reporting period. Fair value measurement is based upon quoted prices, if available. If quoted prices are not available, fair values are measured using independent pricing models or other model-based valuation techniques such as the present value of future cash flows, adjusted for the security’s credit rating, prepayment assumptions and other factors such as credit loss assumptions.

The Company utilizes a third party vendor to provide fair value data for purposes of determining the fair value of its available for sale securities portfolio. The third party vendor uses a reputable pricing company for security market data. The third party vendor has controls and edits in place for month-to-month market checks and zero pricing, and a Statement on Standards for Attestation Engagements No. 16 report is obtained from the third party vendor on an annual basis. The Company makes no adjustments to the pricing service data received for its securities available for sale.

Level 1 securities include those traded on an active exchange, such as the New York Stock Exchange, U.S. Treasury securities that are traded by dealers or brokers in active over-the-counter markets and money market funds. Level 2 securities include mortgage-backed securities issued by government sponsored entities, municipal bonds and corporate debt securities. Securities classified as Level 3 include asset-backed securities in less liquid markets.

Loans held for sale

The carrying amounts of loans held for sale approximate fair value.

Assets and Liabilities Measured at Fair Value on a Nonrecurring Basis

The Company is also required to measure and recognize certain other financial assets at fair value on a nonrecurring basis on the consolidated balance sheet.  The following table presents assets measured at fair value on a nonrecurring basis for the period ended September 30, 2014 and December 31, 2013 (dollars in thousands):

	September 30, 2014
	Total	Level 1	Level 2	Level 3
Impaired loans, non-covered	$ 8,789	$    —	$    —	$ 8,789
Other real estate owned (OREO), non-covered	6,261	—	—	6,261
Other real estate owned (OREO), covered	1,752	—	—	1,752
Total assets at fair value	$ 16,802	$      —	$    —	$ 16,802
Total liabilities at fair value	$      —	$      —	$      —	$      —

	December 31, 2013
	Total	Level 1	Level 2	Level 3
Impaired loans, non-covered	$ 10,334	$    —	$ 1,791	$ 8,543
Other real estate owned (OREO), non-covered	6,244	—	—	6,244
Other real estate owned (OREO), covered	2,692	—	—	2,692
Total assets at fair value	$ 19,270	$    —	$ 1,791	$ 17,479
Total liabilities at fair value	$      —	$      —	$      —	$      —

Impaired loans, non-covered

Loans for which it is probable that payment of interest and principal will not be made in accordance with the contractual terms of the loan agreement are considered impaired. Once a loan is identified as individually impaired, management measures the impairment in accordance with FASB ASC 310, Receivables. The fair value of impaired loans is estimated using one of several methods, including collateral value and discounted cash flows. Those impaired loans not requiring an allowance represent loans for which the fair value of the expected repayments or collateral exceeds the recorded investments in such loans. At September 30, 2014 and December 31, 2013, a majority of total impaired loans were evaluated based on the fair value of the collateral.  The Company frequently obtains appraisals prepared by external professional appraisers for classified loans greater than $250,000 when the most recent appraisal is greater than 12 months old.  When the fair value of the collateral is based on an observable market price or a current appraised value, the Company records the impaired loan within Level 2.

The Company may also identify collateral deterioration based on current market sales data, including price and absorption, as well as input from real estate sales professionals and developers, county or city tax assessments, market data and on-site inspections by Company personnel. Internally prepared estimates generally result from current market data and actual sales data related to the Company’s collateral or where the collateral is located. When management determines that the fair value of the collateral is further impaired below the appraised value and there is no observable market price, the Company records the impaired loan as nonrecurring Level 3. In instances where an appraisal received subsequent to an internally prepared estimate reflects a higher collateral value, management does not revise the carrying amount. Impaired loans can also be evaluated for impairment using the present value of expected future cash flows discounted at the loan’s effective interest rate.  The measurement of impaired loans using future cash flows discounted at the loan’s effective interest rate rather than the market rate of interest rate is not a fair value measurement and is therefore excluded from fair value disclosure requirements.  Reviews of classified loans are performed by management on a quarterly basis. 

Other real estate owned, covered and non-covered

Other real estate owned (OREO) assets are adjusted to fair value less estimated selling costs upon transfer of the related loans to OREO property. Subsequent to the transfer, valuations are periodically performed by management and the assets are carried at the lower of carrying value or fair value less estimated selling costs. Fair value is based upon independent market prices, appraised values of the collateral or management’s estimation of the value of the collateral. When the fair value of the collateral is based on an observable market price or a current appraised value, the Company records the foreclosed asset within Level 2. When an appraised value is not available or management determines that the fair value of the collateral is further impaired below the appraised value due to such things as absorption rates and market conditions, the Company records the foreclosed asset within Level 3 of the fair value hierarchy. 

Fair Value of Financial Instruments

FASB ASC 825, Financial Instruments, requires disclosure of the fair value of financial assets and financial liabilities, including those financial assets and financial liabilities that are not measured and reported at fair value on a recurring or nonrecurring basis.  FASB ASC 825 excludes certain financial instruments and all nonfinancial instruments from its disclosure requirements. Accordingly, the aggregate fair value amounts presented may not necessarily represent the underlying fair value of the Company.

The following reflects the fair value of financial instruments, whether or not recognized on the consolidated balance sheet, at fair value measures by level of valuation assumptions used for those assets.  This table excludes financial instruments for which the carrying value approximates fair value (dollars in thousands):

	September 30, 2014
	Carrying Value	Estimated Fair Value	Level 1	Level 2	Level 3
Financial assets:
Securities held to maturity	$ 46,476	$ 48,062	$       —	$ 48,062	$       —
Loans, non-covered	634,379	642,372	—	628,631	13,741
Loans, covered	63,952	71,710	—	—	71,710
FDIC indemnification asset	20,315	4,611	—	—	4,611
Financial liabilities:
Interest bearing deposits	840,186	843,002	—	843,002	—
Long-term borrowings	95,388	95,206	—	95,206	—

	December 31, 2013
	Carrying Value	Estimated Fair Value	Level 1	Level 2	Level 3
Financial assets:
Securities held to maturity	$ 28,563	$ 30,305	$       —	$ 30,305	$       —
Loans, non-covered	585,729	591,081	—	582,538	8,543
Loans, covered	72,791	88,693	—	—	88,693
FDIC indemnification asset	25,409	10,557	—	—	10,557
Financial liabilities:
Interest bearing deposits	822,209	824,895	—	824,895	—
Long-term borrowings	81,249	81,014	—	81,014	—

The following methods were used to estimate the fair value of all other financial instruments recognized in the accompanying balance sheets at amounts other than fair value as of September 30, 2014. The Company applied the provisions of FASB ASC 820 to the fair value measurements of financial instruments not recognized on the consolidated balance sheet at fair value.  The provisions requiring the Company to maximize the use of observable inputs and to measure fair value using a notion of exit price were factored into the Company’s selection of inputs into its established valuation techniques.

Financial Assets

Cash and cash equivalents

The carrying amounts of cash and due from banks, interest bearing bank deposits, and federal funds sold approximate fair value.

Securities held for investment

For securities held for investment, fair values are based on quoted market prices or dealer quotes.

Restricted securities

The carrying value of restricted securities approximates their fair value based on the redemption provisions of the respective issuer.

Loans held for sale

The carrying amounts of loans held for sale approximate fair value.

Loans not covered by FDIC shared-loss agreement (non-covered loans)

The fair value of loans, excluding PCI loans, is estimated by discounting the future cash flows using the current rates at which similar loans would be made to borrowers with similar credit ratings and for the same remaining maturities. The fair value of impaired loans is consistent with the methodology used for the FASB ASC 820 disclosure for assets recorded at fair value on a nonrecurring basis presented above.  The fair value of non-covered loans that are PCI loans is estimated using the same methodology described below for covered loans.

Loans covered by FDIC shared-loss agreement (covered loans) and PCI loans

Fair values for covered loans and PCI loans are based on a discounted cash flow methodology that considers various factors including the type of loan and related collateral, classification status, term of loan and whether or not the loans are amortizing. Loans were pooled together according to similar characteristics and were treated in the aggregate when applying various valuation techniques. The discount rates used for loans are based on the rates used at acquisition (which were based on market rates for new originations of comparable loans) adjusted for any material changes in interest rates since acquisition.  Increases in cash flow expectations since acquisition resulted in estimated fair value being higher than carrying value.  The increase in cash flows is also reflected in a transfer from unaccretable yield to accretable yield as disclosed in Note 4.

FDIC indemnification asset

Loss sharing assets are measured separately from the related covered assets as they are not contractually embedded in the covered assets and are not transferable with the assets should the Company choose to dispose of them. Fair value is estimated using projected cash flows related to the obligations under the shared-loss agreements based on the expected reimbursements for losses and the applicable loss sharing percentages. These expected reimbursements do not include reimbursable amounts related to future covered expenditures. These cash flows were discounted to reflect the uncertainty of the timing and receipt of the loss sharing reimbursement from the FDIC.  A reduction in loss expectations has resulted in the estimated fair value of the FDIC indemnification asset being lower than its carrying value.  This creates a premium that is amortized over the life of the asset and is reflected in Note 5.

Accrued interest receivable

The carrying amounts of accrued interest receivable approximate fair value.

Financial Liabilities

Noninterest bearing deposits

The carrying amount of noninterest bearing deposits approximates fair value.

Interest bearing deposits

The fair value of NOW accounts, savings accounts, and certain money market deposits is the amount payable on demand at the reporting date. The fair value of fixed-maturity certificates of deposit is estimated using the rates currently offered for deposits of similar remaining maturities.

Federal funds purchased and securities sold under agreements to repurchase

The carrying amount of federal funds purchased and securities sold under agreements to repurchase approximates fair value.

Long-term borrowings

The fair values of the Company’s long-term borrowings, such as FHLB advances and long-term debt, are estimated using discounted cash flow analyses based on the Company’s current incremental borrowing rates for similar types of borrowing arrangements.

Accrued interest payable

The carrying amounts of accrued interest payable approximate fair value.

Off-balance sheet financial instruments

The fair value of commitments to extend credit is estimated using the fees currently charged to enter into similar agreements, taking into account the remaining terms of the agreements and the present creditworthiness of the counterparties. For fixed-rate loan commitments, fair value also considers the difference between current levels of interest rates and the committed rates. The fair value of stand-by letters of credit is based on fees currently charged for similar agreements or on the estimated cost to terminate them or otherwise settle the obligations with the counterparties at the reporting date. The Company’s off-balance sheet commitments are funded at current market rates at the date they are drawn upon.  It is management’s opinion that the fair value of these commitments would approximate their carrying value, if drawn upon.   

The Company assumes interest rate risk (the risk that general interest rate levels will change) as a result of its normal operations. As a result, the fair values of the Company’s financial instruments will change when interest rate levels change, and that change may be either favorable or unfavorable. Management attempts to match maturities of assets and liabilities to the extent believed necessary to minimize interest rate risk. However, borrowers with fixed rate obligations are less likely to prepay in a rising rate environment and more likely to prepay in a falling rate environment. Conversely, depositors who are receiving fixed rates are more likely to withdraw funds before maturity in a rising rate environment and less likely to do so in a falling rate environment. Management monitors rates and maturities of assets and liabilities and attempts to minimize interest rate risk by adjusting terms of new loans and deposits and by investing in securities with terms that mitigate the Company’s overall interest rate risk.

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Earnings Per Common Share (Computation of Earnings per Share) (Details) (USD $) In Thousands, except Per Share data, unless otherwise specified	3 Months Ended		9 Months Ended
	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2014	Sep. 30, 2013
Earnings Per Common Share [Abstract]
Basic EPS, Net Income Available to Common Shareholders (Numerator)	$ 1,813	$ 1,501	$ 5,010	$ 3,873
Diluted EPS, Net Income Available to Common Shareholders (Numerator)	$ 1,813	$ 1,501	$ 5,010	$ 3,873
Shares issued, Weighted Average Common Shares (Denominator)		21,696		21,684
Unissued vested restricted stock, Weighted Average Common Shares (Denominator)		11		11
Basic EPS , Weighted Average Common Shares (Denominator)	21,764	21,707	21,745	21,695
Effect of dilutive stock awards, Weighted Average Common Shares (Denominator)	223	264	219	197
Diluted EPS, Weighted Average Common Shares (Denominator)	21,987	21,971	21,964	21,892
Basic EPS, Per Common Share Amount	$ 0.08	$ 0.07	$ 0.23	$ 0.18
Diluted EPS, Per Common Share Amount	$ 0.08	$ 0.07	$ 0.23	$ 0.18

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Defined Benefit Plan (Components of Net Periodic Benefit Cost for Plan) (Details) (USD $) In Thousands, unless otherwise specified	3 Months Ended		9 Months Ended
	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2014	Sep. 30, 2013
Defined Benefit Plan [Abstract]
Interest cost	$ 55	$ 56	$ 167	$ 168
Expected return on plan assets	(99)	(101)	(297)	(303)
Amortization of prior service cost	1		3
Recognized net (gain)/loss due to settlement	3		9
Recognized net actuarial loss		17		51
Net periodic benefit cost	$ (40)	$ (28)	$ (118)	$ (84)

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Earnings Per Common Share (Narrative) (Details) (USD $)	3 Months Ended		9 Months Ended					0 Months Ended		1 Months Ended	9 Months Ended
	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2014	Sep. 30, 2013	Dec. 31, 2013	Sep. 30, 2014 TARP [Member]	Dec. 31, 2008 Cumulative Perpetual Preferred Stock, Series A [Member]	Jun. 04, 2014 Series A Preferred Stock [Member]	Apr. 23, 2014 Series A Preferred Stock [Member]	Dec. 31, 2013 Series A Preferred Stock [Member]	Sep. 30, 2014 Series A Preferred Stock [Member] item	Dec. 31, 2008 Series A Preferred Stock [Member]
Earnings Per Share [Line Items]
Anti-dilutive common shares	30,000	846,000	30,000	66,000
Preferred stock, shares issued	0		0		10,680		17,680
Dividends payable through February 2014											5.00%
Dividends payable, percent											9.00%
Number of directors, Series A Preferred Stock											2
Failure of dividend payments for periods											6
Number of shares repurchased									10,680	7,000
Preferred shares	0		0		10,680
Remaining number of shares repurchased									10,680
Payment for repurchase of shares									$ 10,900,000
Percentage of preferred stock par value repurchased									100.00%
Payments for repurchase of warrant								780,000
Number of shares of common stock called by warrant												780,000
Exercise price of warrant												3.40
Other investments for participation in TARP, outstanding						$ 0

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Securities (Summary of Realized Gains and Losses on Sales of Securities) (Details) (USD $) In Thousands, unless otherwise specified	3 Months Ended		9 Months Ended
	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2014	Sep. 30, 2013
Amortized Cost And Fair Value Debt Securities [Abstract]
Gross realized gains	$ 202	$ 46	$ 698	$ 516
Gross realized losses	(87)	(8)	(204)	(70)
Net securities gains	$ 115	$ 38	$ 494	$ 446

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Loans Covered by FDIC Shared-Loss Agreements (Covered Loans) and Related Allowance for Loan Losses (Summary of Covered Loans Collectively Evaluated for Impairment in the Allowance for Loan Losses) (Detail) (USD $) In Thousands, unless otherwise specified	Sep. 30, 2014	Dec. 31, 2013
Accounts, Notes, Loans and Financing Receivable [Line Items]
Allowance for loan losses	$ 386	$ 484
Recorded investment in loans	64,338	73,275
Mortgage Loans on Real Estate [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Allowance for loan losses	386	484
Recorded investment in loans	64,338	73,275
Mortgage Loans on Real Estate [Member] | Residential 1-4 Family [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Allowance for loan losses	386	252
Recorded investment in loans	60,528	64,610
Mortgage Loans on Real Estate [Member] | Commercial [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Allowance for loan losses		232
Recorded investment in loans		1,389
Mortgage Loans on Real Estate [Member] | Construction and Land Development [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Allowance for loan losses
Recorded investment in loans		2,940
Mortgage Loans on Real Estate [Member] | Second Mortgages [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Allowance for loan losses
Recorded investment in loans	3,536	3,898
Mortgage Loans on Real Estate [Member] | Multifamily [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Allowance for loan losses
Recorded investment in loans	274	266
Mortgage Loans on Real Estate [Member] | Agriculture [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Allowance for loan losses
Recorded investment in loans		$ 172

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Securities (Tables)

9 Months Ended

Sep. 30, 2014

Securities [Abstract]

Amortized Costs and Fair Values of Securities Available for Sale and Held to Maturity

Amortized costs and fair values of securities available for sale and held to maturity at September 30, 2014 and December 31, 2013 were as follows(dollars in thousands):

				September 30, 2014
			Gross Unrealized
	Amortized Cost		Gains		Losses		Fair Value
Securities Available for Sale
U.S. Treasury issue and other U.S. Gov’t agencies	$	82,019	$	110	$	(1,198)	$	80,931
U.S. Gov’t  sponsored agencies		-		-		-		-
State, county and municipal		135,469		3,192		(1,733)		136,928
Corporate and other bonds		12,011		14		(83)		11,942
Mortgage backed – U.S. Gov’t agencies		2,507		16		(121)		2,402
Mortgage backed – U.S. Gov’t sponsored agencies		26,113		22		(127)		26,008
Total Securities Available for Sale	$	258,119	$	3,354	$	(3,262)	$	258,211
Securities Held to Maturity
State, county and municipal	$	32,040	$	847	$	(32)	$	32,855
Mortgage backed – U.S. Gov’t agencies		5,186		292		-		5,478
Mortgage backed – U.S. Gov’t sponsored agencies		9,250		479		-		9,729
Total Securities Held to Maturity	$	46,476	$	1,618	$	(32)	$	48,062

				December 31, 2013
				Gross Unrealized
	Amortized Cost		Gains		Losses	Fair Value
Securities Available for Sale
U.S. Treasury issue and other U.S. Gov’t agencies	$ 99,789	$ 165			$ (967)	$ 98,987
U.S. Gov’t  sponsored agencies	487	—			(1)	486
State, county and municipal	138,884	1,297			(6,085)	134,096
Corporate and other bonds	6,369	27			(47)	6,349
Mortgage backed – U.S. Gov’t agencies	3,608	29			(198)	3,439
Mortgage backed – U.S. Gov’t sponsored agencies	22,631	69			(280)	22,420
Total Securities Available for Sale	$ 271,768	$ 1,587			$ (7,578)	$ 265,777
Securities Held to Maturity
State, county and municipal	$ 9,385	$ 718			$            —	$ 10,103
Mortgage backed – U.S. Gov’t agencies	6,604	398			—	7,002
Mortgage backed – U.S. Gov’t sponsored agencies	12,574	626			—	13,200
Total Securities Held to Maturity	$ 28,563	$ 1,742			$           —	$ 30,305

Amortized Cost and Fair Value of Securities by Contractual Maturity

Expected maturities may differ from contractual maturities because issuers may have the right to call or prepay obligations without any penalties (dollars in thousands):

	Held to Maturity				Available for Sale
	Amortized Cost		Fair Value		Amortized Cost		Fair Value
Due in one year or less	$	1,264	$	1,280	$	5,479	$	5,454
Due after one year through five years		22,137		23,436		50,303		50,573
Due after five years through ten years		14,430		14,643		146,542		147,433
Due after ten years		8,645		8,703		55,795		54,751
Total securities	$	46,476	$	48,062	$	258,119	$	258,211

Summary of Realized Gains and Losses on Sales of Securities

Gross realized gains and losses on sales of securities available for sale during the periods were as follows (dollars in thousands):  

	Three Months Ended				Nine Months Ended
	September 30, 2014		September 30, 2013		September 30, 2014		September 30, 2013
Gross realized gains	$	202	$	46	$	698	$	516
Gross realized losses		(87)		(8)		(204)		(70)
Net securities gains	$	115	$	38	$	494	$	446

Summary of Fair Value and Gross Unrealized Losses for Securities Available for Sale

The fair value and gross unrealized losses for securities, segregated by the length of time that individual securities have been in a continuous gross unrealized loss position, at September 30, 2014 and December 31, 2013 were as follows (dollars in thousands):

					September 30, 2014
	Less than 12 Months				12 Months or More				Total
Secutities Available for Sale	Fair Value		Unrealized Loss		Fair Value		Unrealized Loss		Fair Value		Unrealized Loss
U.S. Treasury issue and other U.S. Gov’t agencies	$	27,086	$	(508)	$	41,002	$	(690)	$	68,088	$	(1,198)
State, county and municipal		6,532		(27)		48,047		(1,706)		54,579		(1,733)
Corporate and other bonds		7,011		(49)		3,169		(34)		10,180		(83)
Mortgage backed – U.S. Gov’t agencies		-		-		1,876		(121)		1,876		(121)
Mortgage backed – U.S. Gov’t sponsored agencies		11,774		(94)		3,723		(33)		15,497		(127)
Total	$	52,403	$	(678)	$	97,817	$	(2,584)	$	150,220	$	(3,262)
Securities Held to Maturity
State, county and municipal	$	6,265	$	(32)	$	-	$	-	$	6,265	$	(32)

			December 31, 2013
	Less than 12 Months		12 Months or More		Total
Securities Available for Sale	Fair  Value	Unrealized Loss	Fair Value	Unrealized Loss	Fair Value	Unrealized Loss
U.S. Treasury issue and other U.S. Gov’t agencies	$ 35,873	$ (531)	$ 37,638	$ (436)	$ 73,511	$ (967)
U.S. Gov’t  sponsored agencies	486	(1)	—	—	486	(1)
State, county and municipal	92,010	(5,343)	6,445	(742)	98,455	(6,085)
Corporate and other bonds	3,332	(42)	991	(5)	4,323	(47)
Mortgage backed – U.S. Gov’t agencies	2,767	(198)	—	—	2,767	(198)
Mortgage backed – U.S. Gov’t sponsored agencies	14,572	(258)	1,557	(22)	16,129	(280)
Total	$ 149,040	$ (6,373)	$ 46,631	$ (1,205)	$ 195,671	$ (7,578)

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Accumulated Other Comprehensive Loss (Tables)

9 Months Ended

Sep. 30, 2014

Accumulated Other Comprehensive Loss [Abstract]

Summary of Accumulated Other Comprehensive (Loss) Income

The following tables present activity net of tax in accumulated other comprehensive loss (AOCL) for the three and nine months ended September 30, 2014 and 2013 (dollars in thousands):

	Three months ended September 30, 2014
	Unrealized Gain/Loss on Securities		Defined Benefit Pension Plan		Total Other Comprehensive Loss
Beginning balance	$	(445)	$	(155)	$	(600)
Other comprehensive income before reclassifications		580		-		580
Amounts reclassified from AOCL		(76)		-		(76)
Net current period other comprehensive income		504		-		504
Ending balance	$	59	$	(155)	$	(96)

	Three months ended September 30, 2013
	Unrealized Gain/Loss on Securities		Defined Benefit Pension Plan		Total Other Comprehensive Loss
Beginning balance	$	(1,256)	$	(1,038)	$	(2,294)
Other comprehensive loss before reclassifications		(1,460)		-		(1,460)
Amounts reclassified from AOCL		(25)		-		(25)
Net current period other comprehensive loss		(1,485)		-		(1,485)
Ending balance	$	(2,741)	$	(1,038)	$	(3,779)

	Nine months ended September 30, 2014
	Unrealized Gain/Loss on Securities		Defined Benefit Pension Plan		Total Other Comprehensive Loss
Beginning balance	$	(3,954)	$	(155)	$	(4,109)
Other comprehensive income before reclassifications		4,339		-		4,339
Amounts reclassified from AOCL		(326)		-		(326)
Net current period other comprehensive income		4,013		-		4,013
Ending balance	$	59	$	(155)	$	(96)

	Nine months ended September 30, 2013
	Unrealized Gain/Loss on Securities		Defined Benefit Pension Plan		Total Other Comprehensive Loss
Beginning balance	$	3,866	$	(1,038)	$	2,828
Other comprehensive loss before reclassifications		(6,313)		-		(6,313)
Amounts reclassified from AOCL		(294)		-		(294)
Net current period other comprehensive loss		(6,607)		-		(6,607)
Ending balance	$	(2,741)	$	(1,038)	$	(3,779)

Effects of Reclassifications Out of AOCI

The following tables present the effects of reclassifications out of AOCL on line items of consolidated income for the three and nine months ended September 30, 2014 and 2013 (dollars in thousands):

Details about AOCL	Amount Reclassified from AOCL				Affected Line Item in the Unaudited Consolidated Statement of Income
	Three months ended
	September 30, 2014		September 30, 2013
Unrealized gains on securities available for sale	$	(115)	$	(38)	Gain on securities transactions, net
		39		13	Income tax expense
	$	(76)	$	(25)	Net of tax

Details about AOCL	Amount Reclassified from AOCL				Affected Line Item in the Unaudited Consolidated Statement of Income
		Nine months ended
	September 30, 2014		September 30, 2013
Unrealized gains on securities available for sale	$	(494)	$	(446)	Gain on securities transactions, net
		168		152	Income tax expense
	$	(326)	$	(294)	Net of tax

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Loans Covered by FDIC Shared-loss Agreements (Covered Loans) and Related Allowance for Loan Losses (Narrative) (Detail) (USD $)			9 Months Ended
	Sep. 30, 2014	Dec. 31, 2013	Sep. 30, 2014 Residential 1-4 Family [Member]	Sep. 30, 2014 Covered Loans [Member]	Dec. 31, 2013 Covered Loans [Member]	Sep. 30, 2014 Covered Loans [Member] Residential 1-4 Family [Member]	Sep. 30, 2014 Non Covered Loans [Member]	Jun. 30, 2014 Non Covered Loans [Member]	Mar. 31, 2014 Non Covered Loans [Member]	Dec. 31, 2013 Non Covered Loans [Member]	Sep. 30, 2013 Non Covered Loans [Member]	Jun. 30, 2013 Non Covered Loans [Member]	Dec. 31, 2012 Non Covered Loans [Member]	Sep. 30, 2014 PCI Loans [Member]	Mar. 31, 2014 PCI Loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Carrying Value				$ 198,300,000					$ 5,500,000					$ 4,917,000	$ 5,500,000
Loans met criteria of ASC 310-30				49,100,000
Remaining of loans acquired						149,100,000
Outstanding contractual balance of covered loans other than 1-4 family loans				97,600,000	117,000,000				10,000,000					9,155,000	10,000,000
Shared-loss Agreement expired date			Mar. 31, 2014
Allowance for loan losses, covered loans	386,000	484,000	386,000
Allowance for loan losses	$ 9,862,000	$ 10,444,000					$ 9,764,000	$ 10,156,000		$ 10,444,000	$ 10,653,000	$ 11,523,000	$ 12,920,000		$ 98,000

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Loans Not Covered by FDIC Shared-Loss Agreement (Non-Covered Loans) and Related Allowance for Loan Losses (Summary of Financial Receivable Impaired Average Recorded Investment) (Details) (USD $) In Thousands, unless otherwise specified	3 Months Ended		9 Months Ended
	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2014	Sep. 30, 2013
Noncancelable Obligations Future Minimum Payments Due [Line Items]
Average Recorded Investment	$ 10,742	$ 16,495	$ 11,828	$ 19,001
Mortgage Loans on Real Estate [Member]
Noncancelable Obligations Future Minimum Payments Due [Line Items]
Average Recorded Investment	10,626	16,318	11,686	18,613
Commercial Loans [Member]
Noncancelable Obligations Future Minimum Payments Due [Line Items]
Average Recorded Investment	22	121	68	318
Consumer Installment Loans [Member]
Noncancelable Obligations Future Minimum Payments Due [Line Items]
Average Recorded Investment	94	56	74	70
All Other Loans [Member]
Noncancelable Obligations Future Minimum Payments Due [Line Items]
Average Recorded Investment
Residential 1-4 Family [Member] | Mortgage Loans on Real Estate [Member]
Noncancelable Obligations Future Minimum Payments Due [Line Items]
Average Recorded Investment	4,389	5,721	4,255	6,169
Commercial [Member] | Mortgage Loans on Real Estate [Member]
Noncancelable Obligations Future Minimum Payments Due [Line Items]
Average Recorded Investment	872	2,737	1,690	4,302
Construction and Land Development [Member] | Mortgage Loans on Real Estate [Member]
Noncancelable Obligations Future Minimum Payments Due [Line Items]
Average Recorded Investment	5,143	7,482	5,416	7,745
Second Mortgages [Member] | Mortgage Loans on Real Estate [Member]
Noncancelable Obligations Future Minimum Payments Due [Line Items]
Average Recorded Investment	222	162	223	168
Multifamily [Member] | Mortgage Loans on Real Estate [Member]
Noncancelable Obligations Future Minimum Payments Due [Line Items]
Average Recorded Investment
Agriculture [Member] | Mortgage Loans on Real Estate [Member]
Noncancelable Obligations Future Minimum Payments Due [Line Items]
Average Recorded Investment		$ 216	$ 102	$ 229

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Consolidated Statements of Comprehensive Income (Loss) (USD $) In Thousands, unless otherwise specified	3 Months Ended		9 Months Ended
	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2014	Sep. 30, 2013
Amounts Reclassified Out Of Accumulated Other Comprehensive Income Loss [Abstract]
Net income	$ 1,813	$ 1,782	$ 5,257	$ 4,713
Other comprehensive income (loss):
Change in unrealized (loss) gain in investment securities	879	(2,212)	6,574	(9,565)
Tax related to unrealized loss (gain) in investment securities	(299)	752	(2,235)	3,252
Reclassification adjustment for gain in securities sold	(115)	(38)	(494)	(446)
Tax related to realized gain in securities sold	39	13	168	152
Total other comprehensive income (loss)	504	(1,485)	4,013	(6,607)
Total comprehensive income (loss)	$ 2,317	$ 297	$ 9,270	$ (1,894)

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Loans Not Covered by FDIC Shared-Loss Agreement (Non-Covered Loans) and Related Allowance for Loan Losses

9 Months Ended

Sep. 30, 2014

Loans Not Covered by FDIC Shared-Loss Agreement (Non-Covered Loans) and Related Allowance for Loan Losses [Abstract]

Loans Not Covered by FDIC Shared-Loss Agreement (Non-Covered Loans) and Related Allowance for Loan Losses

3.  LOANS NOT COVERED BY FDIC SHARED-LOSS AGREEMENT (NON-COVERED LOANS) AND RELATED ALLOWANCE FOR LOAN LOSSES

The Company’s non-covered loans at September 30, 2014 and December 31, 2013 were comprised of the following (dollars in thousands):   

	September 30, 2014			December 31, 2013
	Amount	% of Non-Covered Loans		Amount	% of Non-Covered Loans
Mortgage loans on real estate:
Residential 1-4 family	$ 162,572	25.23	%	$ 144,382	24.21	%
Commercial	282,281	43.80		247,284	41.47
Construction and land development	53,529	8.31		55,278	9.27
Second mortgages	6,576	1.02		6,854	1.15
Multifamily	34,108	5.29		35,774	6.00
Agriculture	7,500	1.16		9,565	1.60
Total real estate loans	546,566	84.81		499,137	83.70
Commercial loans	90,707	14.08		90,142	15.12
Consumer installment loans	5,667	0.88		5,623	0.94
All other loans	1,489	0.23		1,435	0.24
Gross loans	644,429	100.00	%	596,337	100.00	%
Less unearned income on loans	(188)			(164)
Non-covered loans, net of unearned  income	$ 644,241			$ 596,173

The Company held $21.1 million and $38.5 million in balances of loans guaranteed by the United States Department of Agriculture (USDA), which are included in various categories in the table above, at September 30, 2014 and December 31, 2013, respectively.  As these loans are 100% guaranteed by the USDA, no loan loss provision is required.  These loan balances included an unamortized purchase premium of $1.2 million and $2.5 million at September 30, 2014 and December 31, 2013, respectively.  Unamortized purchase premium is recognized as an adjustment of the related loan yield on a straight line basis, which is substantially equivalent to the results obtained using the effective interest method. 

At September 30, 2014 and December 31, 2013, the Company’s allowance for credit losses was comprised of the following: (i) specific valuation allowances calculated in accordance with FASB ASC 310, Receivables, (ii) general valuation allowances calculated in accordance with FASB ASC 450, Contingencies, based on economic conditions and other qualitative risk factors, and (iii) historical valuation allowances calculated using historical loan loss experience. Management identified loans subject to impairment in accordance with ASC 310.

The Purchase and Assumption Agreement into which the Company and the Federal Deposit Insurance Corporation (FDIC) entered in January 2009 that provided for the Company’s assumption of all of the deposits and certain other liabilities and acquisition of substantially all assets of Suburban Federal Savings Bank (SFSB) included two shared-loss agreements with respect to certain covered loans and foreclosed real estate assets.  See Notes 4 and 5 for more information on the Purchase and Assumption Agreement and the shared-loss agreements.  The shared-loss agreement for loans other than those secured by single family, residential 1-4 family mortgages expired March 31, 2014. These loans, which had an outstanding principal balance of $10.0 million and a carrying value of $5.5 million at March 31, 2014, are being accounted for in accordance with FASB ASC 310-30, Loans and Debt Securities Acquired with Deteriorated Credit Quality, commonly referred to as purchased credit impaired loans, and were classified as non-covered loans effective April 1, 2014 (the “PCI loans”). 

The PCI loans are not classified as nonperforming assets as of September 30, 2014, as the loans are accounted for on a pooled basis, and interest income, through accretion of the difference between the carrying amount of the loans and the expected cash flows, is being recognized on all PCI loans.

The following table reflects the outstanding principal balance and carrying amounts of the PCI loans as of September 30, 2014 (dollars in thousands):  

	September  30, 2014
	Unpaid balance	Carrying Value
Mortgage loans on real estate:
Residential 1-4 family	$ 2,204	$ 1,032
Commercial	3,230	1,211
Construction and land development	3,687	2,656
Second mortgages	34	18
Multifamily	—	—
Agriculture	—	—
Total real estate loans	9,155	4,917
Total PCI loans	$ 9,155	$ 4,917

The allowance for loan losses related to PCI loans was $98,000 as of March 31, 2014 and was transferred from the allowance for loan losses on covered loans effective April 1, 2014. This allowance was related to commercial real estate loans.   There was no other activity in the allowance for loan losses related to PCI loans for either of the three or nine month periods ended September 30, 2014. 

The change in the accretable yield balance for the PCI loans for the period ended September 30, 2014 (dollars in thousands):

Balance transferred from covered loans,  April 1, 2014	$ 4,773
Accretion	(388)
Reclassification from nonaccretable yield	697
Balance, September 30, 2014	$ 5,082

The following table summarizes information related to impaired loans as of September 30, 2014 (dollars in thousands):

With an allowance recorded:		Recorded Investment (1)		Unpaid Principal Balance (2)		Related Allowance
Mortgage loans on real estate:
Residential 1-4 family	$	2,414	$	2,519	$	417
Commercial		291		477		51
Construction and land development		4,745		7,484		543
Second mortgages		220		222		38
Multifamily		—		—		—
Agriculture		—		—		—
Total real estate loans		7,670		10,702		1,049
Commercial loans		8		8		1
Consumer installment loans		87		89		15
All other loans		—		—		—
Subtotal impaired loans with a valuation allowance		7,765		10,799		1,065
With no related allowance recorded:
Mortgage loans on real estate:
Residential 1-4 family		1,424		1,503		—
Commercial		455		557		—
Construction and land development		205		221		—
Second mortgages		—		—		—
Multifamily		—		—		—
Agriculture		—		—		—
Total real estate loans		2,084		2,281		—
Commercial loans		—		—		—
Consumer installment loans		3		4		—
All other loans		—		—		—
Subtotal impaired loans without a valuation allowance		2,087		2,285		—
Total:
Mortgage loans on real estate:
Residential 1-4 family		3,838		4,022		417
Commercial		746		1,034		51
Construction and land development		4,950		7,705		543
Second mortgages		220		222		38
Multifamily		—		—		—
Agriculture		—		—		—
Total real estate loans		9,754		12,983		1,049
Commercial loans		8		8		1
Consumer installment loans		90		93		15
All other loans		—		—		—
Total impaired loans	$	9,852	$	13,084	$	1,065

(1) The amount of the investment in a loan, which is not net of a valuation allowance, but which does reflect any direct write-down of the investment

(2) The contractual amount due, which reflects paydowns applied in accordance with loan documents, but which does not reflect any direct write-downs

The following table summarizes information related to impaired loans as of December 31, 2013 (dollars in thousands):

With an allowance recorded:		Recorded Investment (1)		Unpaid Principal Balance (2)		Related Allowance
Mortgage loans on real estate:
Residential 1-4 family	$	3,485	$	3,739	$	881
Commercial		920		1,091		150
Construction and land development		4,148		5,298		508
Second mortgages		225		226		40
Multifamily		—		—		—
Agriculture		—		—		—
Total real estate loans		8,778		10,354		1,579
Commercial loans		127		794		16
Consumer installment loans		49		51		9
All other loans		—		—		—
Subtotal impaired loans with a valuation allowance		8,954		11,199		1,604
With no related allowance recorded:
Mortgage loans on real estate:
Residential 1-4 family		1,189		1,228		—
Commercial		1,714		1,969		—
Construction and land development		1,734		4,335		—
Second mortgages		—		—		—
Multifamily		—		—		—
Agriculture		204		222		—
Total real estate loans		4,841		7,754		—
Commercial loans		—		—		—
Consumer installment loans		6		6		—
All other loans		—		—		—
Subtotal impaired loans without a valuation allowance		4,847		7,760		—
Total:
Mortgage loans on real estate:
Residential 1-4 family		4,674		4,967		881
Commercial		2,634		3,060		150
Construction and land development		5,882		9,633		508
Second mortgages		225		226		40
Multifamily		—		—		—
Agriculture		204		222		—
Total real estate loans		13,619		18,108		1,579
Commercial loans		127		794		16
Consumer installment loans		55		57		9
All other loans		—		—		—
Total impaired loans	$	13,801	$	18,959	$	1,604

(1) The amount of the investment in a loan, which is not net of a valuation allowance, but which does reflect any direct write-down of the investment

(2) The contractual amount due, which reflects paydowns applied in accordance with loan documents, but which does not reflect any direct write-downs

The following table summarizes the average recorded investment of impaired loans for the three and nine months ended September 30, 2014 and 2013 (dollars in thousands):

	Three months ended		Nine months ended
	September 30, 2014	September 30, 2013	September 30, 2014	September 30, 2013
Mortgage loans on real estate:
Residential 1-4 family	$ 4,389	$ 5,721	$ 4,255	$ 6,169
Commercial	872	2,737	1,690	4,302
Construction and land development	5,143	7,482	5,416	7,745
Second mortgages	222	162	223	168
Multifamily	—	—	—	—
Agriculture	—	216	102	229
Total real estate loans	10,626	16,318	11,686	18,613
Commercial loans	22	121	68	318
Consumer installment loans	94	56	74	70
All other loans	—	—	—	—
Total impaired loans	$ 10,742	$ 16,495	$ 11,828	$ 19,001

The majority of impaired loans are also nonaccruing for which no interest income was recognized during each of the three and nine months ended September 30, 2014 and 2013.  No significant amounts of interest income were recognized on accruing impaired loans for each of the three and nine months ended September 30, 2014 and 2013.

Interest income on nonaccrual loans, if recognized, is recorded using the cash basis method of accounting.  Cash basis income of $301,000 and $598,000 was recognized during the three and nine months ended September 30, 2014, respectively.  There were no significant amounts recognized during either of the three or nine months ended September 30, 2013.  For the three months ended September 30, 2014 and 2013, estimated interest income of $204,000 and $259,000, respectively, would have been recorded if all such loans had been accruing interest according to their original contractual terms. For the nine months ended September 30, 2014 and 2013, estimated interest income of $583,000 and $774,000, respectively, would have been recorded if all such loans had been accruing interest according to their original contractual terms.

The following table presents non-covered nonaccrual loans, excluding PCI loans, by loan category as of September 30, 2014 and December 31, 2013 (dollars in thousands):

	September 30, 2014	December 31, 2013
Mortgage loans on real estate:
Residential 1-4 family	$ 3,748	$ 4,229
Commercial	624	1,382
Construction and land development	4,950	5,882
Second mortgages	61	225
Multifamily	—	—
Agriculture	—	205
Total real estate loans	9,383	11,923
Commercial loans	8	127
Consumer installment loans	90	55
All other loans	—	—
Total loans	$ 9,481	$ 12,105

Troubled debt restructures and some substandard loans still accruing interest are loans that management expects to ultimately collect all principal and interest due, but not under the terms of the original contract. A reconciliation of impaired loans to nonaccrual loans at September 30, 2014 and December 31, 2013, is set forth in the table below (dollars in thousands):

	September 30, 2014	December 31, 2013
Nonaccruals	$ 9,481	$ 12,105
Trouble debt restructure and still accruing	122	1,696
Substandard and still accruing	249	—
Total impaired	$ 9,852	$ 13,801

The following tables present an age analysis of past due status of non-covered loans, excluding PCI loans, by category as of September 30, 2014 and December 31, 2013 (dollars in thousands):

	September 30, 2014
			30-89 Days Past Due				90 Days Past Due				Total Past Due				Current		Total Loans		Recorded Investment  90 Days Past Due and Accruing
Mortgage loans on real estate:
Residential 1-4 family	$		748		$		3,748		$		4,496		$		157,045	$	161,541	$	—
Commercial			144				802				946				280,124		281,070		178
Construction and land development			—				4,950				4,950				45,923		50,873		—
Second mortgages			178				61				239				6,319		6,558		—
Multifamily			—				—				—				34,108		34,108		—
Agriculture			—				—				—				7,500		7,500		—
Total real estate loans			1,070				9,561				10,631				531,019		541,650		178
Commercial loans			63				8				71				90,636		90,707		—
Consumer installment loans			28				90				118				5,549		5,667		—
All other loans			—				—				—				1,489		1,489		—
Total loans	$		1,161		$		9,659		$		10,820		$		628,693	$	639,513	$	178
	December 31, 2013
		30-89 Days Past Due				90 Days Past Due				Total Past Due				Current			Total Loans		Recorded Investment  90 Days Past Due and Accruing
Mortgage loans on real estate:
Residential 1-4 family	$	1,455		$		4,229		$		5,684		$		138,698		$	144,382	$	—
Commercial		—				1,382				1,382				245,902			247,284		—
Construction and land development		242				5,882				6,124				49,154			55,278		—
Second mortgages		—				225				225				6,629			6,854		—
Multifamily		—				—				—				35,774			35,774		—
Agriculture		—				205				205				9,360			9,565		—
Total real estate loans		1,697				11,923				13,620				485,517			499,137		—
Commercial loans		115				127				242				89,900			90,142		—
Consumer installment loans		58				55				113				5,510			5,623		—
All other loans		—				—				—				1,435			1,435		—
Total loans	$	1,870		$		12,105		$		13,975		$		582,362		$	596,337	$	—

Activity in the allowance for loan losses on non-covered loans, excluding PCI loans, by segment for the periods presented is presented in the following tables (dollars in thousands):

	Three Months Ended September 30, 2014
		Beginning of Period		Provision Allocation		Charge-offs		Recoveries		End of Period
Mortgage loans on real estate:
Residential 1-4 family	$	3,670	$	8	$	(501)	$	17	$	3,194
Commercial		2,919		558		(67)		8		3,418
Construction and land development		1,624		(171)		—		—		1,453
Second mortgages		98		29		—		—		127
Multifamily		176		10		—		—		186
Agriculture		64		—		—		—		64
Total real estate loans		8,551		434		(568)		25		8,442
Commercial loans		1,478		(435)		—		148		1,191
Consumer installment loans		102		(3)		(35)		38		102
All other loans		25		4		—		—		29
Total loans	$	10,156	$	—	$	(603)	$	211	$	9,764

	Three Months Ended September 30, 2013
		Beginning of Period		Provision Allocation		Charge-offs		Recoveries		End of Period
Mortgage loans on real estate:
Residential 1-4 family	$	3,938	$	(299)	$	(119)	$	3	$	3,523
Commercial		2,508		(69)		—		5		2,444
Construction and land development		2,865		290		(758)		5		2,402
Second mortgages		72		99		(100)		41		112
Multifamily		146		(26)		—		—		120
Agriculture		56		(38)		—		39		57
Total real estate loans		9,585		(43)		(977)		93		8,658
Commercial loans		1,772		6		(5)		39		1,812
Consumer installment loans		141		38		(36)		16		159
All other loans		25		(1)		—		—		24
Total loans	$	11,523	$	—	$	(1,018)	$	148	$	10,653

	Nine Months Ended September 30, 2014
		Beginning of Period		Provision Allocation		Charge-offs		Recoveries		End of Period
Mortgage loans on real estate:
Residential 1-4 family	$	3,853	$	(112)	$	(611)	$	64	$	3,194
Commercial		2,333		1,475		(479)		89		3,418
Construction and land development		2,252		(800)		—		1		1,453
Second mortgages		101		24		—		2		127
Multifamily		151		35		—		—		186
Agriculture		81		(17)		—		—		64
Total real estate loans		8,771		605		(1,090)		156		8,442
Commercial loans		1,546		(621)		—		266		1,191
Consumer installment loans		101		13		(110)		98		102
All other loans		26		3		—		—		29
Total loans	$	10,444	$	—	$	(1,200)	$	520	$	9,764

	Nine Months Ended September 30, 2013
		Beginning of Period		Provision Allocation		Charge- offs		Recoveries		End of Period
Mortgage loans on real estate:
Residential 1-4 family	$	3,985	$	(236)	$	(280)	$	54	$	3,523
Commercial		2,482		1,439		(1,492)		15		2,444
Construction and land development		3,773		(1,137)		(915)		681		2,402
Second mortgages		142		24		(100)		46		112
Multifamily		303		(183)		—		—		120
Agriculture		61		(37)		(6)		39		57
Total real estate loans		10,746		(130)		(2,793)		835		8,658
Commercial loans		1,961		75		(302)		78		1,812
Consumer installment loans		195		49		(133)		48		159
All other loans		18		6		—		—		24
Total loans	$	12,920	$	—	$	(3,228)	$	961	$	10,653

The following tables present information on the non-covered loans evaluated for impairment in the allowance for loan losses as of September 30, 2014 and December 31, 2013 (dollars in thousands):

	September 30, 2014
	Allowance for Loan Losses
	Individually Evaluated for Impairment (1)		Collectively Evaluated for Impairment		Related to PCI loans		Total
Mortgage loans on real estate:
Residential 1-4 family	$	458	$	2,736	$	—		$	3,194
Commercial		69		3,349		98			3,516
Construction and land development		553		900		—			1,453
Second mortgages		42		85		—			127
Multifamily		—		186		—			186
Agriculture		—		64		—			64
Total real estate loans		1,122		7,320		98			8,540
Commercial loans		427		764		—			1,191
Consumer installment loans		16		86		—			102
All other loans		—		29		—			29
Total loans	$	1,565	$	8,199	$	98		$	9,862

	September 30, 2014
	Recorded Investment in Loans
	Individually Evaluated for Impairment (1)		Collectively Evaluated for Impairment		Related to PCI loans		Total
Mortgage loans on real estate:
Residential 1-4 family	$	6,736	$	154,804	$	1,032	$	162,572
Commercial		7,228		273,842		1,211		282,281
Construction and land development		5,127		45,746		2,656		53,529
Second mortgages		248		6,310		18		6,576
Multifamily		—		34,108		—		34,108
Agriculture		—		7,500		—		7,500
Total real estate loans		19,339		522,310		4,917		546,566
Commercial loans		9,007		81,700		—		90,707
Consumer installment loans		94		5,573		—		5,667
All other loans		—		1,489		—		1,489
Total loans	$	28,440	$	611,072	$	4,917	$	644,429

	December 31, 2013
	Allowance for Loan Losses							Recorded Investment in Loans
	Individually Evaluated for Impairment (1)		Collectively Evaluated for Impairment		Total		Individually Evaluated for Impairment (1)		Collectively Evaluated for Impairment		Total
Mortgage loans on real estate:
Residential 1-4 family	$	923	$	2,930	$	3,853	$	6,708	$	137,674	$	144,382
Commercial		200		2,133		2,333		8,016		239,268		247,284
Construction and land development		651		1,601		2,252		8,619		46,659		55,278
Second mortgages		42		59		101		254		6,600		6,854
Multifamily		—		151		151		—		35,774		35,774
Agriculture		—		81		81		205		9,360		9,565
Total real estate loans		1,816		6,955		8,771		23,802		475,335		499,137
Commercial loans		18		1,528		1,546		192		89,950		90,142
Consumer installment loans		9		92		101		57		5,566		5,623
All other loans		—		26		26		—		1,435		1,435
Total loans	$	1,843	$	8,601	$	10,444	$	24,051	$	572,286	$	596,337

(1)The category “Individually Evaluated for Impairment” includes loans individually evaluated for impairment and determined not to be impaired.  These loans totalled $18.6 million and $10.3 million at September 30, 2014 and December 31, 2013, respectively.  The allowance for loans losses allocated to these loans was $500,000 and $239,000 at September 30, 2014 and December 31, 2013, respectively.

Non-covered loans are monitored for credit quality on a recurring basis.  These credit quality indicators are defined as follows:

Pass -  A pass loan is not adversely classified, as it does not display any of the characteristics for adverse classification. This category includes purchased loans that are 100% guaranteed by U.S. Government agencies of $21.1 million and $38.5 million at September 30, 2014 and December 31, 2013, respectively.

Special Mention -  A special mention loan has potential weaknesses that deserve management’s close attention.  If left uncorrected, such potential weaknesses may result in deterioration of the repayment prospects or collateral position at some future date.  Special mention loans are not adversely classified and do not warrant adverse classification. 

Substandard -  A substandard loan is inadequately protected by the current net worth and paying capacity of the obligor or of the collateral pledged, if any.  Loans classified as substandard generally have a well defined weakness, or weaknesses, that jeopardize the liquidation of the debt.   These loans are characterized by the distinct possibility of loss if the deficiencies are not corrected. 

Doubtful -  A doubtful loan has all the weaknesses inherent in a loan classified as substandard with the added characteristics that the weaknesses make collection or liquidation in full highly questionable and improbable, on the basis of currently existing facts, conditions, and values.

The following tables present the composition of non-covered loans, excluding PCI loans, by credit quality indicator at September 30, 2014 and December 31, 2013 (dollars in thousands):

		September 30, 2014
		Pass		Special Mention		Substandard		Doubtful		Total
Mortgage loans on real estate:
Residential 1-4 family	$	147,482	$	8,958	$	5,101	$	—	$	161,541
Commercial		266,700		8,895		5,475		—		281,070
Construction and land development		45,254		491		5,128		—		50,873
Second mortgages		5,266		1,044		248		—		6,558
Multifamily		34,108		—		—		—		34,108
Agriculture		7,500		—		—		—		7,500
Total real estate loans		506,310		19,388		15,952		—		541,650
Commercial loans		79,593		2,107		9,007		—		90,707
Consumer installment loans		5,551		22		94		—		5,667
All other loans		1,489		—		—		—		1,489
Total loans	$	592,943	$	21,517	$	25,053	$	—	$	639,513

		December 31, 2013
		Pass		Special Mention		Substandard		Doubtful		Total
Mortgage loans on real estate:
Residential 1-4 family	$	129,482	$	8,193	$	6,707	$	—	$	144,382
Commercial		229,168		11,348		6,768		—		247,284
Construction and land development		44,482		2,178		8,618		—		55,278
Second mortgages		6,172		428		254		—		6,854
Multifamily		35,774		—		—		—		35,774
Agriculture		9,361		—		204		—		9,565
Total real estate loans		454,439		22,147		22,551		—		499,137
Commercial loans		87,208		2,742		192		—		90,142
Consumer installment loans		5,344		222		57		—		5,623
All other loans		1,435		—		—		—		1,435
Total loans	$	548,426	$	25,111	$	22,800	$	—	$	596,337

In accordance with FASB ASU 2011-02, Receivables (Topic 310): A Creditor's Determination of Whether a Restructuring is a Troubled Debt Restructuring, the Company assesses all loan modifications to determine whether they are considered troubled debt restructurings (TDRs) under the guidance.

During the three and nine months ended September 30, 2014, the Company modified one commercial loan that was considered to be a TDR.  The Company extended the terms and lowered the interest rate for this loan, which had a pre- and post-modification balance of $69,000. During the three months ended September 30, 2013, there were no loans modified that were considered to be TDRs. During the nine months ended September 30, 2013, the Company modified one residential 1-4 family loan that was considered to be a TDR.  The Company extended the terms and lowered the interest rate for this loan, which had a pre- and post-modification balance of $174,000.

A loan is considered to be in default if it is 90 days or more past due. There were no TDRs that had been restructured during the previous 12 months that resulted in default during the three and nine months ended September 30, 2014. There was one TDR that had been restructured during the previous 12 months that resulted in default during the three and nine months ended September 30, 2013. This residential 1-4 family loan had a recorded investment of $173,000.

At September 30, 2014 the Company had 1-4 family mortgages in the amount of $141.8 million pledged as collateral to the Federal Home Loan Bank for a total borrowing capacity of $108.8 million.

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Accumulated Other Comprehensive Loss (Effects of Reclassifications Out of AOCI) (Details) (USD $) In Thousands, unless otherwise specified	3 Months Ended		9 Months Ended
	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2014	Sep. 30, 2013
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Gain on securities transactions, net	$ (115)	$ (38)	$ (494)	$ (446)
Income tax expense	697	800	2,055	2,036
Total amount recognized	76	25	326	294
Unrealized Gain (Loss) on Securities [Member]
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Total amount recognized	76	25	326	294
Amortization of Defined Benefit Pension Items [Member]
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Total amount recognized
Amount Reclassified from AOCI [Member] | Unrealized Gain (Loss) on Securities [Member]
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Gain on securities transactions, net	(115)	(38)	(494)	(446)
Income tax expense	39	13	168	152
Total amount recognized	$ (76)	$ (25)	$ (326)	$ (294)

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Fair Values of Assets and Liabilities (Tables)

9 Months Ended

Sep. 30, 2014

Fair Values of Assets and Liabilities [Abstract]

Assets and Liabilities Recorded at Fair Value on Recurring Basis

The tables below present the recorded amount of assets and liabilities measured at fair value on a recurring basis (dollars in thousands):

	September 30, 2014
	Total		Level 1		Level 2		Level 3
Investment securities available for sale
U.S. Treasury issue and other U.S. Gov’t agencies	$	80,931	$	76,350	$	4,581	$	-
U.S. Gov’t sponsored agencies		-		-		-		-
State, county and municipal		136,928		-		136,928		-
Corporate and other bonds		11,942		-		11,942		-
Mortgage backed – U.S. Gov’t agencies		2,402		-		2,402		-
Mortgage backed – U.S. Gov’t sponsored agencies		26,008		-		26,008		-
Total investment securities available for sale		258,211		76,350		181,861		-
Loans held for sale		239		-		239		-
Total assets at fair value	$	258,450	$	76,350	$	182,100	$	-
Total liabilities at fair value	$	-	$	-	$	-	$	-

	December 31, 2013
	Total		Level 1		Level 2		Level 3
Investment securities available for sale
U.S. Treasury issue and other U.S. Gov’t agencies	$	98,987	$	94,935	$	4,052	$	-
U.S. Gov’t sponsored agencies		486		-		486		-
State, county and municipal		134,096		2,482		131,614		-
Corporate and other bonds		6,349		-		6,349		-
Mortgage backed – U.S. Gov’t agencies		3,439		-		3,439		-
Mortgage backed – U.S. Gov’t sponsored agencies		22,420		2,531		19,889		-
Total investment securities available for sale		265,777		99,948		165,829		-
Loans held for sale		100		-		100		-
Total assets at fair value	$	265,877	$	99,948	$	165,929	$	-
Total liabilities at fair value	$	-	$	-	$	-	$	-

Assets and Liabilities Measured at Fair Value on Nonrecurring Basis

The following table presents assets measured at fair value on a nonrecurring basis for the period ended September 30, 2014 and December 31, 2013 (dollars in thousands):

	September 30, 2014
	Total	Level 1	Level 2	Level 3
Impaired loans, non-covered	$ 8,789	$    —	$    —	$ 8,789
Other real estate owned (OREO), non-covered	6,261	—	—	6,261
Other real estate owned (OREO), covered	1,752	—	—	1,752
Total assets at fair value	$ 16,802	$      —	$    —	$ 16,802
Total liabilities at fair value	$      —	$      —	$      —	$      —

	December 31, 2013
	Total	Level 1	Level 2	Level 3
Impaired loans, non-covered	$ 10,334	$    —	$ 1,791	$ 8,543
Other real estate owned (OREO), non-covered	6,244	—	—	6,244
Other real estate owned (OREO), covered	2,692	—	—	2,692
Total assets at fair value	$ 19,270	$    —	$ 1,791	$ 17,479
Total liabilities at fair value	$      —	$      —	$      —	$      —

Summary of Fair Value of Financial Instruments

This table excludes financial instruments for which the carrying value approximates fair value (dollars in thousands):

	September 30, 2014
	Carrying Value	Estimated Fair Value	Level 1	Level 2	Level 3
Financial assets:
Securities held to maturity	$ 46,476	$ 48,062	$       —	$ 48,062	$       —
Loans, non-covered	634,379	642,372	—	628,631	13,741
Loans, covered	63,952	71,710	—	—	71,710
FDIC indemnification asset	20,315	4,611	—	—	4,611
Financial liabilities:
Interest bearing deposits	840,186	843,002	—	843,002	—
Long-term borrowings	95,388	95,206	—	95,206	—

	December 31, 2013
	Carrying Value	Estimated Fair Value	Level 1	Level 2	Level 3
Financial assets:
Securities held to maturity	$ 28,563	$ 30,305	$       —	$ 30,305	$       —
Loans, non-covered	585,729	591,081	—	582,538	8,543
Loans, covered	72,791	88,693	—	—	88,693
FDIC indemnification asset	25,409	10,557	—	—	10,557
Financial liabilities:
Interest bearing deposits	822,209	824,895	—	824,895	—
Long-term borrowings	81,249	81,014	—	81,014	—

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Loans Not Covered By FDIC Shared-Loss Agreement (Non-Covered Loans) And Related Allowance For Loan Losses (Summary of Outstanding Principal Balance and Carrying Amounts of PCI Loans) (Details) (PCI Loans [Member], USD $) In Thousands, unless otherwise specified	Sep. 30, 2014	Mar. 31, 2014
Financing Receivable, Impaired [Line Items]
Unpaid balance	$ 9,155	$ 10,000
Carrying Value	4,917	5,500
Mortgage Loans on Real Estate [Member]
Financing Receivable, Impaired [Line Items]
Unpaid balance	9,155
Carrying Value	4,917
Mortgage Loans on Real Estate [Member] | Residential 1-4 Family [Member]
Financing Receivable, Impaired [Line Items]
Unpaid balance	2,204
Carrying Value	1,032
Mortgage Loans on Real Estate [Member] | Commercial [Member]
Financing Receivable, Impaired [Line Items]
Unpaid balance	3,230
Carrying Value	1,211
Mortgage Loans on Real Estate [Member] | Construction and Land Development [Member]
Financing Receivable, Impaired [Line Items]
Unpaid balance	3,687
Carrying Value	2,656
Mortgage Loans on Real Estate [Member] | Second Mortgages [Member]
Financing Receivable, Impaired [Line Items]
Unpaid balance	34
Carrying Value	18
Mortgage Loans on Real Estate [Member] | Multifamily [Member]
Financing Receivable, Impaired [Line Items]
Unpaid balance
Carrying Value
Mortgage Loans on Real Estate [Member] | Agriculture [Member]
Financing Receivable, Impaired [Line Items]
Unpaid balance
Carrying Value

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Nature of Banking Activities and Significant Accounting Policies (Policies)

9 Months Ended

Sep. 30, 2014

Nature of Banking Activities and Significant Accounting Policies [Abstract]

Organization

Organization

Community Bankers Trust Corporation (the “Company”) is a bank holding company that was originally incorporated in 2005.  On January 1, 2014, the Company completed a reincorporation from Delaware, its original state of incorporation, to Virginia.  The form of the reincorporation was the merger of the then existing Delaware corporation into a newly created Virginia corporation.  The Company retained the same name and conducts business in the same manner as before the reincorporation.

The Company is headquartered in Richmond, Virginia and is the holding company for Essex Bank (the “Bank”), a Virginia state bank with 20 full-service offices, 14 of which are in Virginia and six of which are in Maryland.  The Bank also operates two loan production offices in Virginia.  The Company relocated its corporate headquarters on March 31, 2014.  The Bank opened a new branch office in Annapolis, Maryland on March 25, 2014 and a branch office at its new headquarters in Richmond, Virginia on April 7, 2014.  The Bank closed its branch office in Landover Hills, Maryland on October 24, 2014.

The Bank engages in a general commercial banking business and provides a wide range of financial services primarily to individuals and small businesses, including individual and commercial demand and time deposit accounts, commercial and industrial loans, consumer and small business loans, real estate and mortgage loans, investment services, on-line and mobile banking products, and safe deposit box facilities.

Financial Statements

Financial Statements

The consolidated statements presented include accounts of the Company and the Bank, its wholly-owned subsidiary. All material intercompany balances and transactions have been eliminated.  The statements should be read in conjunction with the Company’s consolidated financial statements and the accompanying notes to consolidated financial statements included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2013. The accounting and reporting policies of the Company conform to U.S. generally accepted accounting principles (GAAP) and to the general practices within the banking industry. The interim financial statements have not been audited; however, in the opinion of management, all adjustments, consisting of normal accruals, were made that are necessary to present fairly the balance sheet of the Company as of September 30, 2014, statements of shareholders’ equity and cash flows for the nine months ended September 30, 2014, and statements of  income and comprehensive income (loss) for the three and nine months ended September 30, 2014.  Results for the nine month period ended September 30, 2014 are not necessarily indicative of the results that may be expected for the year ending December 31, 2014.

The financial information contained within the statements is, to a significant extent, financial information that is based on measures of the financial effects of transactions and events that have already occurred. A variety of factors could affect the ultimate value that is obtained when either earning income, recognizing an expense, recovering an asset or relieving a liability. The Company uses historical loss factors as one factor in determining the inherent loss that may be present in its loan portfolio. Actual losses could differ significantly from the historical factors that the Company uses. In addition, GAAP itself may change from one previously acceptable method to another method. Although the economics of the Company’s transactions would be the same, the timing of events that would impact its transactions could change.

Certain reclassifications have been made to prior period balances to conform to the current period presentation.

In preparing these financial statements, the Company has evaluated subsequent events and transactions for potential recognition or disclosure through the date the financial statements were issued. 

Recent Accounting Pronouncements

Recent Accounting Pronouncements

In January 2014, the Financial Accounting Standards Board (FASB) issued Accounting Standards Update (ASU) No. 2014-04, Receivables - Troubled Debt Restructurings by Creditors (Subtopic 310-40) - Reclassification of Residential Real Estate Collateralized Consumer Mortgage Loans upon Foreclosure.Although current guidance indicates that a creditor should reclassify a collateralized mortgage loan as other real estate owned when it determines that there has been in substance a repossession or foreclosure by the creditor, that is, the creditor receives physical possession of the debtor’s assets regardless of whether formal foreclosure proceedings take place, the terms in substance a repossession or foreclosure and physical possession are not defined in the accounting literature.  This has resulted in diversity about when a creditor should derecognize the loan receivable and recognize the real estate property. The objective of the amendments in this update is to reduce diversity by clarifying when an in substance repossession or foreclosure occurs. The amendments state that an in substance repossession or foreclosure occurs, and a creditor is considered to have received physical possession of residential real estate property collateralizing a consumer mortgage loan, upon either (1) the creditor obtaining legal title to the residential real estate property upon completion of a foreclosure or (2) the borrower conveying all interest in the residential real estate property to the creditor to satisfy that loan through completion of a deed in lieu of foreclosure or through a similar legal agreement. Additionally, the amendments require interim and annual disclosure of both (1) the amount of foreclosed residential real estate property held by the creditor and (2) the recorded investment in consumer mortgage loans collateralized by residential real estate property that are in the process of foreclosure according to local requirements of the applicable jurisdiction. The amendments are effective for public business entities for annual periods and interim periods within those annual periods beginning after December 15, 2014. Early adoption is permitted. The Company currently records foreclosures in accordance with this guidance; therefore, no changes are necessary for adoption.

Also in January 2014, the FASB issued ASU No. 2014-01, Investments - Equity Method and Joint Ventures (Topic 323): Accounting for Investments in Qualified Affordable Housing Projects (a consensus of the FASB Emerging Issues Task Force). The amendments in this ASU apply to all reporting entities that invest in qualified affordable housing projects through limited liability entities that are flow through entities for tax purposes. Currently, an investor that invests in a qualified affordable housing project may elect to account for that investment using the effective yield method. Those not electing the effective yield method would account for the investment using the equity method or cost method. The Task Force received stakeholder feedback indicating that certain of the required conditions for the effective yield method are overly restrictive and thus prevent many investments in qualified affordable housing projects from qualifying for the use of this method. Those stakeholders stated that presenting the investment performance net of taxes as a component of income tax expense (benefit) as prescribed by the effective yield method more fairly represents the economics and provides users with a better understanding of the returns from such investments than the equity or cost methods.

The amendments in this ASU eliminate the effective yield election and permit reporting entities to make an accounting policy election to account for their investments in qualified affordable housing projects using the proportional amortization method if certain conditions are met. Under the proportional amortization method, an entity amortizes the initial cost of the investment in proportion to the tax credits and other tax benefits received and recognizes the net investment performance in the income statement as a component of income tax expense (benefit). Those not electing the proportional amortization method would account for the investment using the equity method or cost method. The decision to apply the proportional amortization method of accounting is an accounting policy decision that should be applied consistently to all qualifying affordable housing project investments rather than a decision to be applied to individual investments. A reporting entity should disclose information that enables users of its financial statements to understand the nature of its investments in qualified affordable housing projects, and the effect of the measurement of its investments in qualified affordable housing projects and the related tax credits on its financial position and results of operations. The amendments in this ASU should be applied retrospectively to all periods presented.  The amendments in this ASU are effective for public business entities for annual periods and interim reporting periods within those annual periods, beginning after December 15, 2014. Early adoption is permitted.  The Company does not expect the adoption of this guidance to have a material impact on its consolidated financial statements