Subsequent Event

12 Months Ended

Dec. 31, 2011

Subsequent Event [Abstract]

Subsequent Event

25. Subsequent Event

On January 27, 2012, the Bank entered into an agreement with an unrelated financial institution to sell its Rock Hill and Blacksburg branches as part of its previously announced plans to reduce the Bank's branch network by four branches through sale or consolidation into existing branches. Under terms of the agreement, the acquirer will purchase the real estate, equipment, substantially all of the loans, and certain other assets, and assume the deposits and lease obligations associated with these two branches. The sale is subject to regulatory approval and other standard closing conditions and is expected to close in the second quarter 2012.