Looking at other banks, stock has to be worth at least book. Look at the 10-Q: I get $16.01 for book.
Stock is actually worth more if insiders can't get it all ... too much risk they are going to take it private. You always get a bigger premium in a takeout.
HBKS is so small, there are several people in Hampton Roads that could pull out their check book and write you a check for the whole bank!