Pub. 7 2018 Issue 1

C O N T E N T S © 2017 Virginia Association of Community Banks | e newsLINKGroup, LLC. All rights reserved. e Community Banker is published four times each year by e newsLINKGroup, LLC for the Virginia Association of Community Banks and is the o cial publication for this association. e information contained in this publication is intended to provide general information for review and consideration. e contents do not constitute legal advice and should not be relied on as such. If you need legal advice or assistance, it is strongly recommended that you contact an attorney as to your speci c circumstances. e statements and opinions expressed in this publication are those of the individual authors and do not necessarily represent the views of the Virginia Association of Community Banks, its board of directors, or the publisher. Likewise, the appearance of advertisements within this publication does not constitute an endorsement or recommendation of any product or serviced advertised. e Community Banker is a collective work and as such some articles are submitted by authors that are independent of the Virginia Association of Community Banks. While e Community Banker encourages a rst print policy, in cases where this is notpossible,everye orthasbeenmadetocomplywithanyknownreprintguidelinesorrestrictions.Contentmaynotbereproducedorreprintedwithoutpriorwrittenpermission.Forfurther information,pleasecontactthepublisherat:855-747-4003. 6 20 VACB EXECUTIVE COMMITTEE CHAIRMAN G. Lyn Hayth, III Bank of Botetourt Buchanan CHAIRMAN-ELECT Brian K. Plum Blue Ridge Bank Luray VICE CHAIRMAN Lloyd B. Harrison, III Virginia Partners Bank Fredericksburg PRESIDENT & CEO Steven C. Yeakel, CAE VACB Richmond IMMEDIATE PAST CHAIRMAN Alice Frazier Bank of Charles Town Charles Town ICBA VIRGINIA DELEGATE Jeff W. Dick MainStreet Bank Fairfax VACB DIRECTORS SERVICES COMMITTEE CHAIR Richard Liles Touchstone Bank McKenney CLASS OF 2018 Randal R. Greene Virginia Commonwealth Bank Kilmarnock CLASS OF 2019 Dabney T. P. Gilliam, Jr. The Bank of Charlotte County Phenix 2019 J. Michael Thomas Select Bank Lynchburg CLASS OF 2020 Dennis A. Dysart First Bank Strasburg Patricia A. Ferrick First Virginia Community Bank Fairfax William G. Foster Village Bank Midlothian Mark C. Hanna Farmers & Merchants Bank Timberville A. Preston Moore, Jr. Virginia Community Bank Louisa Jay A. Stafford Benchmark Community Bank Kenbridge John E. Stringer The Bank of Marion Marion VACB STAFF Katharine C. Garner, CMP Vice President Education & Communications Kelli C. Mallinger Director Member Services 6 Chairperson’s Message 8 President’s Message 10 Feature: VACB 40th Annual Convention October 1 – 3, 2017 Kingsmill Resort, Williamsburg 12 2017 Community Banker of the Year 13 2017 Rising Star 14 VACB 40th Annual Convention & Trade Show 16 VACB 40th Annual Convention & Trade Show Exhibit Hall Prize Winners 17 Thank you, Convention Sponsors! 18 Bank Bytes: Tips for Simplifying the Scope of Financial Statement Reviews 18 Fine Points: The ‘Overbanked’ Fallacy 16 18