Fair Value (Tables)

3 Months Ended

Mar. 31, 2018

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 March 31, 2018:
Securities available-for-sale – federal agency mortgage-backed	$	-	$	11,305	$	-	$	11,305
Securities available-for-sale – federal agency debt	1,970		3,419		-		5,389
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

	March 31, 2018		December 31, 2017
	(In thousands)
Impaired loans carried at fair value of collateral	$	702	$	742
Real estate owned		833		878

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

	Three Months Ended March 31,
	2018		2017
	(In thousands)
Impaired loans carried at fair value of collateral	$	-	$	-
Real estate owned		45		-
Total	$	45	$	-

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
March 31, 2018:
Impaired loans	Third Party Appraisals	Adjustment for differences between the comparable sales	-16% to 7%	-3%
Real estate owned – church	Third Party Appraisals	Adjustment for differences between the comparable sales	-6%	-6%
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 amount, fair values and placement in the fair value hierarchy of financial instruments

			Fair Value Measurements at March 31, 2018
	Carrying Value		Level 1		Level 2		Level 3		Total
	(In thousands)
Financial Assets:
Loans receivable held for sale	$	5,428	$	-	$	5,449	$	-	$	5,449
Loans receivable held for investment	346,218		-		-		339,529		339,529
Financial Liabilities:
Time Deposits	$	163,816	$	-	$	162,699	$	-	$	162,699
Federal Home Loan Bank advances	65,000		-		64,546		-		64,546
Junior subordinated debentures	5,100		-		-		4,526		4,526

			Fair Value Measurements at December 31, 2017
	Carrying Value		Level 1		Level 2		Level 3		Total
	(In thousands)
Financial Assets:
Loans receivable held for sale	$	22,370	$	-	$	22,626	$	-	$	22,626
Loans receivable held for investment	334,851		-		-		333,231		333,231
Financial Liabilities:
Time Deposits	$	150,789	$	-	$	150,240	$	-	$	150,240
Federal Home Loan Bank advances	65,000		-		64,887		-		64,887
Junior subordinated debentures	5,100		-		-		4,503		4,503