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Subsequent Events
12 Months Ended
Dec. 31, 2011
Subsequent Events [Abstract]  
Subsequent Events
Note 21. Subsequent Events

On March 1, 2012, the Company and Peoples Bank of Virginia (“Peoples”) entered into an Agreement and Plan of Merger (the “Merger Agreement”), pursuant to which Peoples will be merged with and into the Company, with the Company as the surviving entity (the “Merger”). Pursuant to the terms of the Merger Agreement, Peoples shareholders will receive $6.08 in cash and 1.07 shares of the Company’s Common Stock for each share of Peoples common stock. The Merger Agreement has been approved by the boards of directors of both the Company and Peoples. The Merger is subject to customary closing conditions, including regulatory approval and Peoples shareholder approval.