Schedule of Company's financial instruments measured at fair values |
The following table sets forth the Company’s financial assets that were accounted for at fair value and are classified in their entirety based on the lowest level of input that is significant to the fair value measurement. | | | | | | | | | | | | | | | | | | Fair Value Measurements Using | | | | Quoted Prices in Active Markets for Identical Assets (Level 1) | | Significant Observable Inputs (Level 2) | | Significant Unobservable Inputs (Level 3) | | Fair Value | September 30, 2017 | | | | | | | | Securities: | | | | | | | | Certificates of deposit | $ | — |
| | $ | 80,360 |
| | $ | — |
| | $ | 80,360 |
| Equity mutual fund | 502 |
| | — |
| | — |
| | 502 |
| Mortgage-backed securities – residential | — |
| | 13,188 |
| | — |
| | 13,188 |
| Collateralized mortgage obligations – residential | — |
| | 4,725 |
| | — |
| | 4,725 |
| SBA-guaranteed loan participation certificates | — |
| | 12 |
| | — |
| | 12 |
| | $ | 502 |
| | $ | 98,285 |
| | $ | — |
| | $ | 98,787 |
| December 31, 2016 | | | | | | | | Securities: | | | | | | | | Certificates of deposit | $ | — |
| | $ | 85,938 |
| | $ | — |
| | $ | 85,938 |
| Equity mutual fund | 499 |
| | — |
| | — |
| | 499 |
| Mortgage-backed securities - residential | — |
| | 15,184 |
| | — |
| | 15,184 |
| Collateralized mortgage obligations – residential | — |
| | 5,574 |
| | — |
| | 5,574 |
| SBA-guaranteed loan participation certificates | — |
| | 17 |
| | — |
| | 17 |
| | $ | 499 |
| | $ | 106,713 |
| | $ | — |
| | $ | 107,212 |
|
|
Schedule of Company's financial instruments measured on non recurring at fair values |
The following table sets forth the Company’s assets that were measured at fair value on a non-recurring basis: | | | | | | | | | | | | | | | | | | Fair Value Measurement Using | | | | Quoted Prices in Active Markets for Identical Assets (Level 1) | | Significant Observable Inputs (Level 2) | | Significant Unobservable Inputs (Level 3) | | Fair Value | September 30, 2017 | | | | | | | | Other real estate owned: | | | | | | | | One-to-four family residential real estate | $ | — |
| | $ | — |
| | $ | 1,421 |
| | $ | 1,421 |
| Nonresidential real estate | — |
| | — |
| | 844 |
| | 844 |
| | $ | — |
| | $ | — |
| | $ | 2,265 |
| | $ | 2,265 |
| | | | | | | | | December 31, 2016 | | | | | | | | Impaired loans: | | | | | | | | Nonresidential real estate | — |
| | — |
| | 234 |
| | 234 |
| | $ | — |
| | $ | — |
| | $ | 234 |
| | $ | 234 |
| Other real estate owned: | | | | | | | | One-to-four family residential real estate | $ | — |
| | $ | — |
| | $ | 1,282 |
| | $ | 1,282 |
| Nonresidential real estate | — |
| | — |
| | 553 |
| | 553 |
| Land | — |
| | — |
| | 47 |
| | 47 |
| | $ | — |
| | $ | — |
| | $ | 1,882 |
| | $ | 1,882 |
|
|
Carrying amount and estimated fair value of financial instruments |
The carrying amount and estimated fair value of financial instruments are as follows: | | | | | | | | | | | | | | | | | | | | | | | | Fair Value Measurements at September 30, 2017 Using: | | | | Carrying Amount | | Level 1 | | Level 2 | | Level 3 | | Total | Financial assets | | | | | | | | | | Cash and cash equivalents | $ | 125,661 |
| | $ | 10,620 |
| | $ | 115,041 |
| | $ | — |
| | $ | 125,661 |
| Securities | 98,787 |
| | 502 |
| | 98,285 |
| | — |
| | 98,787 |
| Loans receivable, net of allowance for loan losses | 1,335,631 |
| | — |
| | 1,340,957 |
| | — |
| | 1,340,957 |
| FHLBC and FRB stock | 8,290 |
| | — |
| | — |
| | — |
| | N/A |
| Accrued interest receivable | 4,569 |
| | — |
| | 4,569 |
| | — |
| | 4,569 |
| Financial liabilities | | | | | | | | |
| Noninterest-bearing demand deposits | $ | 231,049 |
| | $ | — |
| | $ | 231,049 |
| | $ | — |
| | $ | 231,049 |
| Savings deposits | 158,696 |
| | — |
| | 158,696 |
| | — |
| | 158,696 |
| NOW and money market accounts | 585,316 |
| | — |
| | 585,316 |
| | — |
| | 585,316 |
| Certificates of deposit | 396,028 |
| | — |
| | 394,888 |
| | — |
| | 394,888 |
| Borrowings | 60,928 |
| | — |
| | 60,932 |
| | — |
| | 60,932 |
| Accrued interest payable | 180 |
| | — |
| | 180 |
| | — |
| | 180 |
|
| | | | | | | | | | | | | | | | | | | | | | | | Fair Value Measurements at December 31, 2016 Using: | | | | Carrying Amount | | Level 1 | | Level 2 | | Level 3 | | Total | Financial assets | | | | | | | | | | Cash and cash equivalents | $ | 96,684 |
| | $ | 13,053 |
| | $ | 83,631 |
| | $ | — |
| | $ | 96,684 |
| Securities | 107,212 |
| | 499 |
| | 106,713 |
| | — |
| | 107,212 |
| Loans receivable, net of allowance for loan losses | 1,312,952 |
| | — |
| | 1,322,713 |
| | 234 |
| | 1,322,947 |
| FHLBC and FRB stock | 11,650 |
| | — |
| | — |
| | — |
| | N/A |
| Accrued interest receivable | 4,381 |
| | — |
| | 4,381 |
| | — |
| | 4,381 |
| Financial liabilities | | | | | | | | |
| Noninterest-bearing demand deposits | $ | 249,539 |
| | $ | — |
| | $ | 249,539 |
| | $ | — |
| | $ | 249,539 |
| Savings deposits | 160,002 |
| | — |
| | 160,002 |
| | — |
| | 160,002 |
| NOW and money market accounts | 578,237 |
| | — |
| | 578,237 |
| | — |
| | 578,237 |
| Certificates of deposit | 351,612 |
| | — |
| | 350,593 |
| | — |
| | 350,593 |
| Borrowings | 51,069 |
| | — |
| | 50,015 |
| | — |
| | 50,015 |
| Accrued interest payable | 102 |
| | — |
| | 102 |
| | — |
| | 102 |
|
|