Fair Value (Tables)

12 Months Ended

Dec. 31, 2015

Fair Value

Summary of assets measured at fair value on recurring basis

	Fair Value Measurements at December 31, 2015
	Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)		Total
	(In thousands)
Assets:
Securities available-for-sale—residential mortgage-backed	$	—	$	12,167	$	—	$	12,167
Securities available-for-sale—U.S. Government and federal agency		1,973		—		—		1,973

	Fair Value Measurements at December 31, 2014
	Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)		Total
	(In thousands)
Assets:
Securities available-for-sale—residential mortgage-backed	$	—	$	15,118	$	—	$	15,118
Securities available-for-sale—U.S. Government and federal agency		1,957		—		—		1,957

Schedule of carrying values of assets measured at fair value on non-recurring basis

	December 31, 2015		December 31, 2014
	(In thousands)
Impaired loans carried at fair value of collateral	$	2,557	$	5,828
Real estate owned		360		2,082

Schedule of losses recognized on assets measured at fair value on non-recurring basis

	For the year ended December 31,
	2015		2014
	(In thousands)
Impaired loans carried at fair value of collateral	$	38	$	452
Real estate owned		45		445
Total	$	83	$	897

Schedule of valuation methodology and unobservable inputs for Level 3 assets measured at fair value on a nonrecurring basis

	December 31, 2015
	Valuation Technique(s)	Unobservable Input(s)	Range	Weighted Average
Impaired loans	Third Party Appraisals	Adjustment for differences between the comparable sales	–12% to 13%		1%
Real estate owned	Third Party Appraisals	Adjustment for differences between the comparable sales	–11%		–11%

Schedule of carrying amounts and estimated fair values of financial instruments

			Fair Value Measurements at December 31, 2015
	Carrying Value		Level 1		Level 2		Level 3		Total
	(In thousands)
Financial Assets:
Cash and cash equivalents	$	67,839	$	67,839	$	—	$	—	$	67,839
Securities available-for-sale		14,140		1,973		12,167		—		14,140
Loans receivable held for investment		304,171		—		—		306,643		306,643
Accrued interest receivable		1,077		63		31		983		1,077
Federal Home Loan Bank stock		2,573		2,573		—		—		2,573
Financial Liabilities:
Deposits	$	272,614	$	—	$	265,495	$	—	$	265,495
Federal Home Loan Bank advances		72,000		—		73,441		—		73,441
Junior subordinated debentures		5,100		—		—		3,117		3,117
Accrued interest payable		52		—		46		6		52

			Fair Value Measurements at December 31, 2014
	Carrying Value		Level 1		Level 2		Level 3		Total
	(In thousands)
Financial Assets:
Cash and cash equivalents	$	20,790	$	20,790	$	—	$	—	$	20,790
Securities available-for-sale		17,075		1,957		15,118		—		17,075
Loans receivable held for sale		19,481		—		19,679		—		19,679
Loans receivable held for investment		276,643		—		—		277,000		277,000
Accrued interest receivable		1,216		78		88		1,050		1,216
Federal Home Loan Bank stock		4,254		4,254		—		—		4,254
Financial Liabilities:
Deposits	$	217,867	$	—	$	210,181	$	—	$	210,181
Federal Home Loan Bank advances		86,000		—		88,246		—		88,246
Junior subordinated debentures		5,100		—		—		2,034		2,034
Accrued interest payable		69		—		39		30		69