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Concentration Of Credit Risk
12 Months Ended
Dec. 31, 2017
Concentration Of Credit Risk [Abstract]  
Concentration Of Credit Risk

Note 21  – Concentration of credit risk

The Bank has a diversified loan portfolio consisting of commercial, real estate and consumer (installment) loans.  Substantially all of the Banks customers are residents or operate business ventures in its market area consisting primarily of the Lynchburg metropolitan area.  Therefore, a substantial portion of its debtors ability to honor their contracts and the Banks ability to realize the value of any underlying collateral, if needed, is influenced by the economic conditions in this market area.

The Bank maintains a significant portion of its cash balances with one financial institution. Uninsured cash balances as of December 31, 2017 were approximately $3,081 which consisted of the total balances in one account at the Federal Home Loan Bank of Atlanta (FHLBA) and the balances (net of $250 FDIC coverage) held in one account at Community Bankers’ Bank,  one account at Suntrust, and one account at Zions Bank.  Uninsured cash balances as of December 31, 2016 were approximately $3,670 which consisted of the total balances in the same accounts referenced for 2017 above.