Fair Value (Tables)

12 Months Ended

Dec. 31, 2018

Fair Value

Summary of assets measured at fair value on a recurring basis

	Fair Value Measurement
	Quoted Prices
	in Active		Significant
	Markets for		Other		Significant
	Identical		Observable		Unobservable
	Assets		Inputs		Inputs
	(Level 1)		(Level 2)		(Level 3)		Total
	(In thousands)
At December 31, 2018:
Securities available-for-sale – federal agency mortgage-backed	$	—	$	9,508	$	—	$	9,508
Securities available-for-sale – federal agency debt		1,979		3,235		—		5,214
At December 31, 2017:
Securities available-for-sale – federal agency mortgage-backed	$	—	$	12,008	$	—	$	12,008
Securities available-for-sale – federal agency debt		1,976		3,510		—		5,486

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

	December 31, 2018		December 31, 2017
	(In thousands)
Impaired loans carried at fair value of collateral	$	591	$	742
Real estate owned		833		878

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

	For the year ended December 31,
	2018			2017
	(In thousands)
Impaired loans carried at fair value of collateral	$	—	$	—
Real estate owned		45		80
Total	$	45	$	80

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

				Weighted
	ValuationTechnique(s)	Unobservable Input(s)	Range	Average
December 31, 2018:
Impaired loans	Third Party Appraisals	Adjustment for differences between the comparable sales	-3% to -1%	-2.83%
Real estate owned – church	Third Party Appraisals	Adjustment for differences between the comparable sales	-11%	-10.85%
December 31, 2017:
Impaired loans	Third Party Appraisals	Adjustment for differences between the comparable sales	-16% to 7%	-4%
Real estate owned – church	Third Party Appraisals	Adjustment for differences between the comparable sales	-6%	-6%

Schedule of carrying amounts and estimated fair values of financial instruments

			Fair Value Measurements at December 31, 2018
	Carrying Value		Level 1		Level 2		Level 3		Total
		(In thousands)
Financial Assets:
Cash and cash equivalents	$	16,651	$	16,651	$	—	$	—	$	16,651
Securities available-for-sale		14,722		1,979		12,743		—		14,722
Loans receivable held for sale		6,231		—		6,270		—		6,270
Loans receivable held for investment (1)		355,556		—		—		354,792		354,792
Accrued interest receivable		1,143		78		43		1,022		1,143
Financial Liabilities:
Deposits	$	281,414	$	—	$	269,418	$	—	$	269,418
Federal Home Loan Bank advances		70,000		—		69,933		—		69,933
Junior subordinated debentures		5,100		—		—		4,481		4,481
Accrued interest payable		334		—		324		10		334

			Fair Value Measurements at December 31, 2017
	Carrying Value		Level 1		Level 2		Level 3		Total
		(In thousands)
Financial Assets:
Cash and cash equivalents	$	22,219	$	22,219	$	—	$	—	$	22,219
Securities available-for-sale		17,494		1,976		15,518		—		17,494
Loans receivable held for sale		22,370		—		22,626		—		22,626
Loans receivable held for investment		334,851		—		—		333,231		333,231
Accrued interest receivable		1,073		58		91		924		1,073
Federal Home Loan Bank stock		2,916		2,916		—		—		2,916
Financial Liabilities:
Deposits	$	291,290	$	—	$	280,761	$	—	$	280,761
Federal Home Loan Bank advances		65,000		—		64,887		—		64,887
Junior subordinated debentures		5,100		—		—		4,503		4,503
Accrued interest payable		304		—		296		8		304

(1) The estimated value of loans held for investment for December 31, 2018 reflects an exit price assumption. The December 31, 2017 fair value estimate is not based on an exit price assumption.