Fair Value (Tables)

6 Months Ended

Jun. 30, 2017

Fair Value

Summary of assets measured at fair value on a recurring basis

	Fair Value Measurement
	Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)		Total
	(In thousands)
At June 30, 2017:
Securities available-for-sale - residential mortgage-backed	$	-	$	10,040	$	-	$	10,040
Securities available-for-sale - U.S. Government and federal agency	1,989		-		-		1,989
At December 31, 2016:
Securities available-for-sale - residential mortgage-backed	$	-	$	11,214	$	-	$	11,214
Securities available-for-sale - U.S. Government and federal agency	1,988		-		-		1,988

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

	June 30, 2017		December 31, 2016
	(In thousands)
Impaired loans carried at fair value of collateral	$	1,652	$	1,744

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

	Valuation Technique(s)	Unobservable Input(s)	Range	Weighted Average
June 30, 2017:
Impaired loans	Third Party Appraisals	Adjustment for differences between the comparable sales	-16% to 0%	-3%
December 31, 2016:
Impaired loans	Third Party Appraisals	Adjustment for differences between the comparable sales	-2% to 0%	-1%

Schedule of carrying amounts and estimated fair values of financial instruments

			Fair Value Measurements at June 30, 2017
	Carrying Value		Level 1		Level 2		Level 3		Total
	(In thousands)
Financial Assets:
Cash and cash equivalents	$	16,835	$	16,835	$	-	$	-	$	16,835
Securities available-for-sale	12,029		1,989		10,040		-		12,029
Loans receivable held for sale	39,037		-		39,597		-		39,597
Loans receivable held for investment	350,308		-		-		351,238		351,238
Accrued interest receivable	1,103		57		71		975		1,103
Federal Home Loan Bank stock	2,916		2,916		-		-		2,916
Financial Liabilities:
Deposits	$	273,847	$	-	$	264,619	$	-	$	264,619
Federal Home Loan Bank advances	104,000		-		104,418		-		104,418
Junior subordinated debentures	5,100		-		-		4,458		4,458
Accrued interest payable	105		-		98		7		105
			Fair Value Measurements at December 31, 2016
	Carrying Value		Level 1		Level 2		Level 3		Total
	(In thousands)
Financial Assets:
Cash and cash equivalents	$	18,430	$	18,430	$	-	$	-	$	18,430
Securities available-for-sale	13,202		1,988		11,214		-		13,202
Loans receivable held for investment	379,454		-		-		382,717		382,717
Accrued interest receivable	1,178		64		29		1,085		1,178
Federal Home Loan Bank stock	2,573		2,573		-		-		2,573
Financial Liabilities:
Deposits	$	287,427	$	-	$	278,254	$	-	$	278,254
Federal Home Loan Bank advances	85,000		-		85,748		-		85,748
Junior subordinated debentures	5,100		-		-		4,414		4,414
Accrued interest payable	154		-		147		7		154