Fair Value (Tables)

3 Months Ended

Mar. 31, 2019

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 March 31, 2019:
Securities available-for-sale - federal agency mortgage-backed	$	—	$	9,223	$	—	$	9,223
Securities available-for-sale - federal agency debt		1,988		3,306		—		5,294
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

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

	March 31, 2019		December 31, 2018
	(In thousands)
Impaired loans carried at fair value of collateral	$	439	$	591
Real estate owned		820		833

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

	Valuation			Weighted
	Technique(s)	Unobservable Input(s)	Range	Average
March 31, 2019:
Impaired loans	Third Party	Adjustment for differences
	Appraisals	between the comparable sales	-3% to -1%	-2.57%
Real estate owned	Third Party	Adjustment for differences
	Appraisals	between the comparable sales	-11%	-10.85%
December 31, 2018:
Impaired loans	Third Party	Adjustment for differences
	Appraisals	between the comparable sales	-3% to -1%	-2.83%
Real estate owned	Third Party	Adjustment for differences
	Appraisals	between the comparable sales	-11%	-10.85%

Schedule of carrying amounts and estimated fair values of financial instruments

			Fair Value Measurements at March 31, 2019
	Carrying
	Value		Level 1		Level 2		Level 3		Total
	(In thousands)
Financial Assets:
Loans receivable held for sale	$	5,154	$	—	$	5,154	$	—	$	5,154
Loans receivable held for investment		365,015		—		—		360,882		360,882
Financial Liabilities:
Time Deposits	$	180,543	$	—	$	180,077	$	—	$	180,077
Federal Home Loan Bank advances		75,000		—		75,403		—		75,403
Junior subordinated debentures		5,100		—		—		4,459		4,459

			Fair Value Measurements at December 31, 2018
	Carrying
	Value		Level 1		Level 2		Level 3		Total
	(In thousands)
Financial Assets:
Loans receivable held for sale	$	6,231	$	—	$	6,270	$	—	$	6,270
Loans receivable held for investment		355,556		—		—		354,792		354,792
Financial Liabilities:
Time Deposits	$	172,564	$	—	$	171,725	$	—	$	171,725
Federal Home Loan Bank advances		70,000		—		69,933		—		69,933
Junior subordinated debentures		5,100		—		—		4,481		4,481