v3.19.1

Litigation | 12 Months Ended
--- | ---
Dec. 31, 2018
Commitments and Contingencies Disclosure [Abstract] |
Litigation | Litigation The Bank, along with two other banking institutions, is a defendant in a lawsuit currently pending in the Circuit Court for Montgomery County, Maryland (Case No. 426478V). The three counts pled are (i) aiding and abetting fraudulent misrepresentation, (ii) aiding and abetting fraudulent concealment and (iii) abetting constructive fraud. The three defendants filed motions for summary judgment, which were each denied by the Circuit Court in mid-March 2019. The trial for this matter has been set for April 29, 2019 and mediation is scheduled for April 9, 2019. The Bank and the other named defendants dispute plaintiff’s allegations, as well as plaintiff’s statements of the underlying factual circumstances, and believe these claims are without merit. The defendants plan to vigorously defend this case. The Bank has insurance policies that will provide coverage on this case, and the related insurance carrier has been advised of these claims. However, if the case is not settled and goes to trial where there is a finding of fraud, the Bank’s insurance carrier has issued a reservation of rights letter and may deny coverage. At this time, the Company cannot predict the outcome of this legal proceeding or estimate its impact on the Company’s financial condition or results of operations. However, based on discussions with outside legal counsel regarding the merits of this lawsuit, management believes there is a reasonable possibility that if there is an adverse judgment entered against the Bank, such judgment may be up to $4.0 million. In addition to the lawsuit described above, the Company is involved in legal proceedings occurring in the ordinary course of business. Based on an assessment of the merits of the lawsuit described above by litigation counsel, management believes that neither the lawsuit described above nor any legal proceedings occurring in the ordinary course of business, individually or in the aggregate, will have a material adverse impact on the results of operations or financial condition of the Company.

X
- References No definition available. + Details
Name: | us-gaap_CommitmentsAndContingenciesDisclosureAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for legal proceedings, legal contingencies, litigation, regulatory and environmental matters and other contingencies. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 450 -URI http://asc.fasb.org/topic&trid=2127136 + Details
Name: | us-gaap_LegalMattersAndContingenciesTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration