Fair Value Measurements (Tables)

3 Months Ended

Mar. 31, 2019

Fair Value Disclosures [Abstract]

Schedule of Balances of Financial Assets and Liabilities Measured at Fair Value on Recurring Basis

The following table presents the balances of financial assets and liabilities measured at fair value on a recurring basis as ofthe dates stated.

			Fair Value Measurements as of March 31, 2019 Using
	Balance as of March 31, 2019		Level 1		Level 2		Level 3
Available-for-sale securities:
U. S. Government agencies and mortgage backed    securities	$	49,304	$	—	$	49,304	$	—
State and municipal obligations		20,531		—		20,531		—
Corporate bonds		12,195		—		8,526		3,669
Total available-for-sale securities	$	82,030	$	—	$	78,361	$	3,669
Mortgage servicing rights	$	923	$	—	$	—	$	923
Rabbi trust assets	$	1,062	$	1,062	$	—

			Fair Value Measurements as of December 31, 2018 Using
	Balance as of December 31, 2018		Level 1		Level 2		Level 3
Available-for-sale securities:
U. S. Government agencies and mortgage backed securities	$	49,882	$	—	$	49,882	$	—
State and municipal obligations		20,217		—		20,217		—
Corporate bonds		12,133		—		8,462		3,671
Total available-for-sale securities	$	82,232	$	—	$	78,561	$	3,671
Mortgage servicing rights	$	977	$	—	$	—	$	977
Rabbi trust assets	$	972	$	972

Reconciliation of Items Using Level Three Inputs

The following table presents the change in financial assets valued using Level 3 inputs for the periods stated.

	MSRs			Corporate Bonds
Balance as of January 1, 2019	$	977		$	3,671
Purchases		—
Impairments		—			—
Fair value adjustments		(54	)		(2	)
Sales		—			—
Balance as of March 31, 2019	$	923		$	3,669

Summary of Assets Measured at Fair Value on Nonrecurring Basis

The following tables present the Company’s assets that were measured at fair value on a nonrecurring basis as of the dates stated.

			Fair Value Measurements as of March 31, 2019 Using
	Balance as of March 31, 2019		Level 1		Level 2		Level 3
Impaired loans, net	$	4,151	$	—	$	—	$	4,151
Other real estate owned, net		3,718		—		—		3,718

			Fair Value Measurements as of December 31, 2018 Using
	Balance as of December 31, 2018		Level 1		Level 2		Level 3
Impaired loans, net	$	4,700	$	—	$	—	$	4,700
Other real estate owned, net		3,597		—		—		3,597

Summary of Quantitative Fair Value Measurements for Level 3

The following tables present quantitative information about Level 3 fair value measurements as of the dates stated.

	Balance as of March 31, 2019		Valuation Technique	Unobservable Input	Range (Weighted Average)
Impaired loans, net	$	4,151	Discounted appraised value	Selling Cost Lack of Marketability	20%-25% (20%) 100%
			Discounted cash flows	Discount rate	5%-7% (6%)
Other real estate owned, net		3,718	Discounted appraised value	Selling Cost Lack of Marketability	6%-32% (13%) 9%-100% (27%)

	Balance as of December 31, 2018		Valuation Technique	Unobservable Input	Range (Weighted Average)
Impaired loans, net	$	4,700	Discounted appraised value	Selling Cost Lack of Marketability	15%-20% (16%) 100% (100%)
			Discounted cash flows	Discount rate	5%-7% (6%)
Other real estate owned, net		3,597	Discounted appraised value	Selling Cost Lack of Marketability	5%-19% (8%) 9%-100% (28%)

Summary of Assets and Liabilities at Carrying Value and Estimated Fair Value on a Nonrecurring Basis

The following tables summarize the Company’s financial assets and liabilities at carrying values and estimated fair values on a nonrecurring basis as of the dates stated.

	Carrying Value as of		Fair Value as of		Fair Value Measurements as of March 31, 2019 Using
	March 31, 2019		March 31, 2019		Level 1		Level 2		Level 3
Financial Assets:
Cash and due from banks	$	7,404	$	7,404	$	7,404	$	—	$	—
Interest-earning deposits		23,091		23,091		23,091		—		—
Certificates of deposit		3,746		3,746		—		3,746		—
Federal funds sold		182		182		182		—		—
Restricted securities		7,804		7,804		—		—		7,804
Loans receivable, net		910,762		896,740		—		—		896,740
Loans held for sale		—		—		—		—		—
Accrued interest receivable		3,274		3,274		—		3,274		—
Financial Liabilities:
Noninterest-bearing demand deposits		112,315		112,315		112,315		—		—
Savings and interest-bearing demand deposits		371,587		330,690		330,690		—		—
Time deposits		372,751		372,921		—		—		372,921
Securities sold under repurchase agreements		7,220		7,220		7,220		—		—
FHLB advances		100,000		99,773		—		99,773		—
Subordinated notes, net		6,897		7,045		—		—		7,045

	Carrying Value as of		Fair Value as of		Fair Value Measurements as of December 31, 2018 Using
	December 31, 2018		December 31, 2018		Level 1		Level 2		Level 3
Financial Assets:
Cash and due from banks	$	7,685	$	7,685	$	7,685	$	—	$	—
Interest-earning deposits		18,981		18,981		18,981		—		—
Certificates of deposit		3,746		3,746		—		3,746		—
Federal funds sold		625		625		625		—		—
Restricted securities		7,600		7,600		—		—		7,600
Loans receivable, net		894,191		877,114		—		—		877,114
Loans held for sale		368		368		—		368		—
Accrued interest receivable		3,172		3,172		—		3,172		—
Financial Liabilities:
Noninterest-bearing demand deposits		114,122		114,122		114,122		—		—
Savings and interest-bearing demand deposits		359,400		359,400		359,400		—		—
Time deposits		368,670		369,347		—		—		369,347
Securities sold under repurchase agreements		6,089		6,089		6,089		—		—
FHLB advances		100,000		99,727		—		99,727		—
Subordinated notes, net		6,893		7,046		—		—		7,046