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Goodwill and Intangibles (Tables)

12 Months Ended

Dec. 31, 2019

Goodwill And Intangible Assets Disclosure [Abstract]

Schedule of Goodwill

Goodwill			2019			2018
Charlottesville Branch Acquisition		$	366,300		$	366,300
River Bancorp, Inc. Acquisition			1,727,864			1,727,864
Mortgage Business Acquisition			600,000			600,000
Hammond Insurance Acquisition			612,500			—
Virginia Community Bankshares, Inc. Acquisition			16,608,278			—
		$	19,914,942		$	2,694,164

Schedule of Amortizable Intangibles Included in Other Assets on Balance Sheet

Information concerning amortizable intangibles included in other assets on the balance sheet is as follows:

Amortizable Intangibles			2019			2018
Customer-Based Intangible – MoneyWise Payroll		$	541,272		$	738,098
Customer Based Intangible – Hammond Insurance			374,986			—
Customer Based Intangible – LenderSelect			720,489			—
Core Deposit Intangible – River Community Bank			211,036			437,954
Core Deposit Intangible – Virginia Community Bank			1,690,000			—
Other			180,536			136,863
		$	3,718,319		$	1,312,915

Schedule of Estimated Amortization Expense

The estimated amortization expense for the next five years and thereafter is as follows:

(Dollars in thousands)
2020	$	869,635
2021		716,913
2022		564,949
2023		379,624
2024		341,916
Thereafter		845,282
Total	$	3,718,319

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Tabular disclosure of amortization expense of assets, excluding financial assets, that lack physical substance, having a limited useful life.

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Tabular disclosure of assets, excluding financial assets and goodwill, lacking physical substance with a finite life, by either major class or business segment.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 350
-SubTopic 30
-Section 50
-Paragraph 2
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=66006027&loc=d3e16323-109275

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 350
-SubTopic 30
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-Paragraph 1
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Tabular disclosure of goodwill by reportable segment and in total which includes a rollforward schedule.

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Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 350
-SubTopic 20
-Section 50
-Paragraph 1
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