Fair Value of Assets and Liabilities (Tables)

12 Months Ended

Dec. 31, 2015

Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis [Table Text Block]

Assets recorded at fair value on a recurring basis are as follows, in thousands

			Quoted Prices in		Significant		Significant
			Active Markets		Other		Other
	Balance as of		for Identical		Observable		Unobservable
	December 31,		Assets		Inputs		Inputs
	2015		(Level 1)		(Level 2)		(Level 3)
Securities available-for-sale:

U.S. Government-sponsored enterprises (GSEs)	$	22,743	$	-	$	22,743	$	-

Municipal securities		7,649		-		7,649		-

Mortgage-backed securities		136,021		-		136,021		-

Total securities available-for-sale	$	166,413	$	-	$	166,413	$	-

			Quoted Prices in		Significant		Significant
			Active Markets		Other		Other
	Balance as of		for Identical		Observable		Unobservable
	December 31,		Assets		Inputs		Inputs
	2014		(Level 1)		(Level 2)		(Level 3)
Securities available-for-sale:

U.S. Government-sponsored enterprises (GSEs)	$	21,107	$	-	$	21,107	$	-

Municipal securities		2,031		-		2,031		-

Mortgage-backed securities		75,738		-		75,738		-

Total securities available-for-sale	$	98,876	$	-	$	98,876	$	-

Fair Value, Assets and Liabilities Measured on Nonrecurring Basis [Table Text Block]

The following tables present the financial instruments carried on the consolidated balance sheets by caption and by level in the fair value hierarchy, for which a nonrecurring change in fair value has been recorded (in thousands):

			Quoted Prices in		Significant		Significant
			Active Markets		Other		Other
	Balance as of		for Identical		Observable		Unobservable
	December 31,		Assets		Inputs		Inputs
	2015		(Level 1)		(Level 2)		(Level 3)

Impaired loans	$	160	$	-	$	-	$	160
Foreclosed assets		5,358		-		-		5,358

			Quoted Prices in		Significant		Significant
			Active Markets		Other		Other
	Balance as of		for Identical		Observable		Unobservable
	December 31,		Assets		Inputs		Inputs
	2014		(Level 1)		(Level 2)		(Level 3)

Impaired loans	$	1,631	$	-	$	-	$	1,631
Foreclosed assets		4,983		-		-		4,983

Fair Value Assets Measured On Non Recurring Basis Unobservable Input Reconciliation [Table Text Block]

For Level 3 assets measured at fair value on a non-recurring basis as of December 31, 2015, the significant unobservable inputs used in the fair value measurements are presented below.

	Balance as of
	December 31, 2015		Valuation	Significant Other	Weighted
	(in thousands)		Technique	Unobservable Input	Average of Input

Impaired loans	$	160	Appraisal	Appraisal Discounts		6.0	%
Foreclosed assets		5,358	Appraisal	Appraisal Discounts		22.2	%

Fair Value, by Balance Sheet Grouping [Table Text Block]

The carrying amount and estimated fair value of the Company’s financial instruments at December 31, 2015 and December 31, 2014 are as follows (in thousands):

	December 31, 2015				December 31, 2014
	Carrying		Estimated		Carrying		Estimated
	Amount		Fair Value		Amount		Fair Value
Assets:
Cash and cash equivalents	$	79,965	$	79,965	$	46,736	$	46,736
Securities available for sale		166,413		166,413		98,876		98,876
Restricted investments		4,451		4,451		2,090		2,090
Loans, net		723,361		721,338		359,523		360,210

Liabilities:
Noninterest-bearing demand deposits		131,419		131,419		53,640		53,640
Interest-bearing demand deposits		149,424		149,424		102,113		102,113
Savings deposits		236,901		236,901		120,092		120,092
Time deposits		340,739		342,873		178,963		179,876
Securities sold under agreements to repurchase		28,068		28,068		9,758		9,758
Federal Home Loan Bank advances and other borrowings		34,187		34,169		12,000		12,000