Fair Value Accounting and Measurement (Tables)

9 Months Ended

Sep. 30, 2019

Fair Value Disclosures [Abstract]

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

The following tables show the Company’s assets measured at fair value on a recurring basis at the dates indicated:

	September 30, 2019
	Quoted Prices in Active Markets for Identical Assets or Liabilities		Significant Other Observable Inputs		Significant Unobservable Inputs
	(Level 1)		(Level 2)		(Level 3)		Total
	(In thousands)
Securities available-for-sale
Municipal bonds	$	—	$	10,406	$	—	$	10,406
ABS agency	—		25,266		—		25,266
ABS corporate	—		37,096		—		37,096
Corporate debt	—		9,636		—		9,636
SBA	—		29,815		—		29,815
MBS agency	—		129,726		—		129,726
MBS corporate	—		9,251		—		9,251
	$	—	$	251,196	$	—	$	251,196

	December 31, 2018
	Quoted Prices in Active Markets for Identical Assets or Liabilities		Significant Other Observable Inputs		Significant Unobservable Inputs
	(Level 1)		(Level 2)		(Level 3)		Total
	(In thousands)
Securities available-for-sale
Municipal bonds	$	—	$	869	$	—	$	869
ABS agency	—		25,752		—		25,752
ABS corporate	—		36,723		—		36,723
Corporate debt	—		9,888		—		9,888
SBA	—		35,670		—		35,670
MBS agency	—		143,455		—		143,455
MBS corporate	—		10,610		—		10,610
	$	—	$	262,967	$	—	$	262,967

Schedule of Assets Measured at Fair Value on a Nonrecurring Basis

The following tables present the Company’s assets measured at fair value on a nonrecurring basis at the dates indicated:

	September 30, 2019
	Level 1		Level 2		Level 3		Total
	(In thousands)
Impaired loans	$	—	$	—	$	5,905	$	5,905
	December 31, 2018
	Level 1		Level 2		Level 3		Total
	(In thousands)
Impaired loans	$	—	$	—	$	6,558	$	6,558

Schedule of the Carrying Value and Estimated Fair Value of Financial Instruments

The following tables present the carrying value and estimated fair value of financial instruments at the dates indicated:

	September 30, 2019
	Carrying Amount		Estimated Fair Value		Fair Value Measurements Using:
					Level 1		Level 2		Level 3
	(In thousands)
Financial assets
Cash and cash equivalents	$	56,481	$	56,481	$	56,481	$	—	$	—
Investment securities available for sale	251,196		251,196		—		251,196		—
Investment securities held to maturity	37,649		39,035		—		39,035		—
Loans held for sale	2,055		2,055		—		2,055		—
Loans receivable, net	841,146		818,269		—		—		818,269
FHLB stock	4,931		4,931		—		4,931		—
Accrued interest receivable	3,726		3,726		—		3,726		—
Mortgage servicing rights, net	926		1,771		—		—		1,771
Financial liabilities
Demand deposits	$	691,635	$	691,635	$	691,635	$	—	$	—
Time deposits	279,065		279,762		—		279,762		—
Borrowings	85,324		85,623		—		85,623		—
Accrued interest payable	262		262		—		262		—

	December 31, 2018
	Carrying Amount		Estimated Fair Value		Fair Value Measurements Using:
					Level 1		Level 2		Level 3
	(In thousands)
Financial assets
Cash and cash equivalents	$	26,323	$	26,323	$	26,323	$	—	$	—
Investment securities available for sale	262,967		262,967		—		262,967		—
Investment securities held to maturity	43,503		42,990		—		42,990		—
Loans receivable, net	863,852		840,861		—		—		840,861
FHLB stock	6,927		6,927		—		6,927		—
Accrued interest receivable	4,048		4,048		—		4,048		—
Mortgage servicing rights, net	1,044		1,479		—		—		1,479
Financial liabilities
Demand deposits	$	678,908	$	678,908	$	678,908	$	—	$	—
Time deposits	261,352		259,549		—		259,549		—
Borrowings	136,552		137,153		—		137,153		—
Accrued interest payable	521		521		—		521		—