10-Q

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

FORM 10-Q

 QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

FOR THE QUARTERLY PERIOD ENDED September30, 2016

OR

 TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the transition period from to

Commission file number 000-55352

Ben Franklin Financial, Inc.

(Exact name of registrant as specified in its charter)

Maryland	67-1746204
(State or other jurisdiction of incorporation or organization)	(IRS Employer Identification No.)
830 East Kensington Road, Arlington Heights, Illinois	60004
(Address of principal executive offices)	(Zip Code)

(847) 398-0990

(Registrant’s telephone number, including area code)

Indicate by check mark whether the registrant: (1)has filed all reports required to be filed by Section13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2)has been subject to such filing requirements for the past 90 days.YesNo

Indicate by check mark whether the registrant has submitted electronically and posted on its corporate Web site, if any, every Interactive Data File required to be submitted and posted pursuant to Rule 405 of Regulation S-T during the preceding 12 months (or for such shorter period that the registrant was required to submit and post such files ).YesNo

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, or a smaller reporting company. See the definitions of “large accelerated filer,” “accelerated filer,” and “smaller reporting company” in Rule 12b-2 of the Exchange Act (check one):

LargeAcceleratedFiler		AcceleratedFiler	
Non-accelerated Filer		SmallerReportingCompany	

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act).YesNo

Number of outstanding shares of common stock as of November 10, 2016: 694,419

BEN FRANKLIN FINANCIAL, INC.

INDEX

​​​​​​

Table of Content	Page NO.
PART I – Financial Information	1
Item 1. Financial Statements of Ben Franklin Financial, Inc.	1
Consolidated Statements of Financial Condition (Unaudited) as of September 30, 2016 and December 31, 2015	1
Consolidated Statements of Operations (Unaudited) for the three and nine months ended September 30, 2016 and 2015	2
Consolidated Statements of Comprehensive Loss (Unaudited) for the three and nine months ended September 30, 2016 and 2015	3
Consolidated Statements of Changes in Stockholders’ Equity (Unaudited) for the nine months ended September 30, 2016 and 2015	4
Consolidated Statements of Cash Flows (Unaudited) for the nine months ended September 30, 2016 and 2015	5
Notes to Consolidated Financial Statements (Unaudited)	6
Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations	24
Item 3. Quantitative and Qualitative Disclosures about Market Risk	33
Item 4. Controls and Procedures	33
PART II—Other Information	33
Item 1. Legal Proceedings	33
Item 1A. Risk Factors	33
Item 2. Unregistered Sales of Equity Securities and Use of Proceeds	33
Item 3. Defaults Upon Senior Securities	34
Item 4. Mine Safety Disclosures	34
Item 5. Other Information	34
Item 6. Exhibits	34
Form 10-Q Signatures	35

BEN FRANKLIN FINANCIAL, INC.

(Dollars in thousands except per share data)

(Unaudited)

	September 30,			December 31,
	2016			2015
ASSETS
Cash and due from banks	$	758		$	958
Interest-earning deposit accounts and federal funds sold		9,000			8,307
Cash and cash equivalents		9,758			9,265
Certificates of deposit in other financial institutions		3,920			4,635
Securities available for sale at fair value		7,501			10,484
Loans receivable, net (allowance for loan losses:
$962; at September 30, 2016—$991 at December 31, 2015)		55,572			57,536
Federal Home Loan Bank stock		921			921
Premises and equipment, net		1,207			475
Repossessed assets, net		701			476
Accrued interest receivable		186			185
Other assets		103			80
Total assets	$	79,869		$	84,057
LIABILITIES AND STOCKHOLDERS’ EQUITY
Liabilities
Demand deposits—non-interest-bearing	$	4,485		$	4,569
Demand deposits—interest-bearing		8,690			9,733
Savings deposits		12,339			10,932
Money market deposits		11,834			13,165
Certificates of deposit		33,188			35,158
Total deposits		70,536			73,557
Advances from borrowers for taxes and insurance		262			559
Other liabilities		366			387
Common stock in ESOP subject to contingent purchase obligation		179			155
Total liabilities		71,343			74,658
Stockholders’ equity
Preferred stock, no par value; 1,000,000 authorized shares; no shares issued and outstanding		—			—
Common stock, par value $0.01 per share; authorized 20,000,000 shares; issued and outstanding shares – 694,419 at September 30, 2016 and 696,339 at December 31, 2015		7			7
Additional paid-in-capital		10,267			10,308
Retained deficit		(1,067	)		(177	)
Unearned Employee Stock Ownership Plan (ESOP) shares		(516	)		(563	)
Accumulated other comprehensive income		14			(21	)
Reclassification of ESOP shares		(179	)		(155	)
Total equity		8,526			9,399
Total liabilities and stockholders’ equity	$	79,869		$	84,057

See accompanying notes to consolidated financial statements

1

BEN FRANKLIN FINANCIAL, INC.

(Dollars in thousands except per share amounts)

(Unaudited)

	Three Months Ended						Nine Months Ended
	September 30,						September 30,
	2016			2015			2016			2015
Interest income
Loans	$	705			708		$	2,046		$	2,116
Securities		30			36			102			95
Federal funds sold and interest earning deposit accounts		21			16			64			35
		756			760			2,212			2,246
Interest expense
Deposits		81			92			238			278
		81			92			238			278
Net interest income		675			668			1,974			1,968
Provision (credit) for loan losses		(95	)		55			(128	)		55
Net interest income after provision for loan losses		770			613			2,102			1,913
Non-interest income
Service fee income		17			21			54			58
Gain on sale of repossessed assets, net		—			141			—			175
Other		8			26			32			57
		25			188			86			290
Non-interest expense
Compensation and employee benefits		422			478			1,288			1,460
Occupancy and equipment		179			160			486			473
Data processing services		78			78			237			245
Professional fees		133			104			417			327
FDIC insurance premiums		43			46			130			139
Repossessed asset expenses, net		79			3			117			71
Other		138			84			425			290
		1,072			953			3,100			3,005
Loss before income taxes		(277	)		(152	)		(912	)		(802	)
Income tax (benefit)		3			(10	)		(22	)		(15	)
Net loss	$	(280	)	$	(142	)	$	(890	)	$	(787	)
Loss per common share basic and diluted		(0.42	)		(0.22	)		(1.35	)		(1.19	)

See accompanying notes to consolidated financial statements

2

BEN FRANKLIN FINANCIAL, INC.

(Dollars in thousands except per share amounts)

(Unaudited)

	Three Months Ended						Nine Months Ended
	September 30,						September 30,
	2016			2015			2016			2015
Net loss	$	(280	)	$	(142	)	$	(890	)	$	(787	)
Other comprehensive income (loss)
Unrealized holding gains (losses) arising during the period		(8	)		25			57			39
Tax effect		3			(10	)		(22	)		(15	)
Net of tax		(5	)		15			35			24
Comprehensive loss	$	(285	)	$	(127	)	$	(855	)	$	(763	)

See accompanying notes to consolidated financial statements

3

BEN FRANKLIN FINANCIAL, INC.

For the Nine Months Ended September30, 2016 and 2015 – (Unaudited)

(Dollars in thousands)

	Common Stock			Additional Paid-In Capital			Treasury Stock			Retained Earnings (Deficit)			Unearned ESOP Shares			Accumulated Other Comprehensive Income			Amount Reclassified on ESOP Shares			Total
Balance at January 1, 2016	$	7		$	10,308		$	—		$	(177	)	$	(563	)	$	(21	)	$	(155	)	$	9,399
Net loss		—			—			—			(890	)		—			—			—			(890	)
Other comprehensive income		—			—			—			—			—			35			—			35
Earned ESOP shares		—			(20	)		—			—			47			—			—			27
Purchase of common stock (1,920 shares)		—			(21	)		—			—			—			—			—			(21	)
Reclassification due to change in fair value of common stock in ESOP subject to contingent repurchase obligation		—			—			—			—			—			—			(24	)		(24	)
Balance at September 30, 2016	$	7		$	10,267		$	—		$	(1,067	)	$	(516	)	$	14		$	(179	)	$	8,526
Balance at January 1, 2015	$	20		$	8,233		$	(462	)	$	855		$	(355	)	$	2		$	(114	)	$	8,179
Net loss		—			—			—			(787	)		—			—			—			(787	)
Other comprehensive income		—			—			—			—			—			24			—			24
Earned ESOP shares		—			(23	)		—			—			48			—			—			25
Reclassification due to conversion		(13	)		13			—			—			—			—			—			—
Net proceeds from common stock offering		—			2,504			—			—			—			—			—			2,504
Funds from termination of MHC		—			50			—			—			—			—			—			50
Addition to ESOP due to conversion		—			—			—			—			(273	)		—			—			(273	)
Retirement of treasury stock due to conversion		—			(462	)		462			—			—			—			—			—
Reclassification due to change in fair value of common stock in ESOP subject to contingent repurchase obligation		—			—			—			—			—			—			(47	)		(47	)
Balance at September 30, 2015	$	7		$	10,315		$	—		$	68		$	(580	)	$	26		$	(161	)	$	9,675

See accompanying notes to consolidated financial statements

4

BEN FRANKLIN FINANCIAL, INC.

(Dollars in thousands)

(Unaudited)

	Nine Months Ended
	September 30,
	2016			2015
Cash flows from operating activities
Net loss	$	(890	)	$	(787	)
Adjustments to reconcile net loss to net cash from operating activities
Depreciation		88			81
ESOP and other stock based compensation, net		27			25
(Provision) credit for loan losses		(128	)		55
Write-down of repossessed assets		68			14
Gain on sale of repossessed assets		—			(175	)
Changes in:
Deferred loan costs		14			(8	)
Accrued interest receivable		(1	)		—
Other assets		(45	)		1,102
Other liabilities		(21	)		(181	)
Net cash from operating activities		(888	)		126
Cash flows from investing activities
Principal repayments on mortgage-backed securities		79			87
Calls and maturities of securities available for sale		8,000			5,000
Maturities of certificates of deposit in other financial institutions		3,655			490
Purchase of securities available for sale		(5,039	)		(8,000	)
Purchase of certificates of deposit in other financial institutions		(2,940	)		(5,860	)
Net decrease in loans		1,785			3,707
Sales of repossessed assets		—			540
Expenditures for premises and equipment		(820	)		(15	)
Net cash from investing activities		4,720			(4,051	)
Cash flows from financing activities
Net decrease in deposits		(3,021	)		(5,296	)
Net proceeds from common stock offering		—			2,231
Repurchase of ESOP shares subject to contingent repurchase obligation		(21	)		—
Funds from termination of MHC		—			50
Net change in advances from borrowers for taxes and insurance		(297	)		(393	)
Net cash from financing activities		(3,339	)		(3,408	)
Net change in cash and cash equivalents		493			(7,333	)
Cash and cash equivalents at beginning of year		9,265			19,014
Cash and cash equivalents at end of period	$	9,758		$	11,681
Supplemental disclosures
Interest paid	$	237		$	278
Transfers from loans to repossessed assets		293			351

See accompanying notes to consolidated financial statements

5

(Unaudited)

(Dollars in thousands)

Note 1 – Basis of Financial Statement Presentation

The accompanying consolidated financial statements of Ben Franklin Financial, Inc. (the “Company”) and its wholly owned subsidiary Ben Franklin Bank of Illinois (the “Bank”) have been prepared in conformity with U.S. generally accepted accounting principles (“GAAP”) for interim financial information and in accordance with SEC rules and regulations. Accordingly, the statements do not include all the information and footnotes required by GAAP for complete financial statements. These interim financial statements should be read in conjunction with the consolidated financial statements and notes thereto that were included in the Company’s Annual Report for the year ended December31, 2015. All significant intercompany transactions are eliminated in consolidation. In the opinion of the Company’s management, all adjustments necessary (i)for a fair presentation of the financial statements for the interim periods included herein and (ii)to make such financial statements not misleading have been made and are of a normal and recurring nature. Interim results are not necessarily indicative of results for a full year.

In preparing the financial statements, management is required to make estimates and assumptions that affect the recorded amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses for the period. Actual results could differ from those estimates. For further information with respect to significant accounting policies followed by the Company in preparation of the financial statements, refer to the Company’s 2015 Annual Report.

The Bank is a federally chartered stock savings bank and a member of the Federal Home Loan Bank (“FHLB”) system. The Bank maintains insurance on deposit accounts with the Deposit Insurance Fund (“DIF”) of the Federal Deposit Insurance Corporation (“FDIC”).

Note 2 – Recurring Losses

The Company has incurred losses since 2008. The Company recently incurred net losses of $890 for the nine months ended September30, 2016 and $1,032 during the year ended December31, 2015.The losses are largely due to declining interest earning assets and our non-interest expenses exceeding our net interest income. Non-interest expense has been impacted by the increase in our professional fees and in 2016, an operational loss not reimbursable from our insurance. Despite these losses, the Bank’s total capital to risk-based capital ratio and Tier 1 leverage capital to average assets ratio were 16.84% and 9.70% respectively, at September30, 2016.

The Company had $304 and $334 of cash at September30, 2016 and December31, 2015.The Company completed the public offering of common stock in January 2015, raising $2,504, net of $1,401 in conversion costs. The proceeds of the public stock offering were used to contribute $2,000 of additional capital to the Bank. In addition, $273 of the net proceeds were used to fund the loan to the employee stock ownership plan and approximately $314 of the net proceeds were retained by Ben Franklin Financial, Inc.

On November25, 2015 the Bank entered into a revised Consent Order (the “New Order”) with the Office of the Comptroller of the Currency (“OCC”) that reduced the Bank’s regulatory compliance burden. Concurrent with the execution of the New Order, the Bank’s prior Consent Order (the “Old Order”) entered into between the Bank and the OCC dated December19, 2012 was terminated. The New Order is comprised of two substantive articles as opposed to 12 substantive articles under the Old Order. The New Order reduced the Bank’s minimum required Tier 1 leverage capital ratio to 8% from 9% under the Old Order and its minimum total risk-based capital ratio to 12% from 13% under the Old Order. The New Order requires the Bank to revise its current capital plan to include a capital distribution policy. Additionally, the New Order requires the Bank to revise its strategic plan to identify parameters and triggers which would cause the board of directors to market the Bank for merger or sale, in the event it failed to meet the 8% and 12% capital requirements under the New Order. The New Order continues to require quarterly reporting to the OCC and board monitoring requirements. At September30, 2016 and December31, 2015 the Bank was in compliance with the required minimum ratios.

If the Bank is unable to meet the capital requirements and other requirements of the New Order, the OCC may institute other corrective measures and has enforcement powers to impose additional restrictions on the Bank’s operations, including seizure. Although management believes that it will successfully maintain the required capital ratios, there can be no assurance that they will be able to do so, nor that they will be able to comply fully with the provisions of the Order. Only the OCC has the authority to determine whether or not the provisions of the New Order have been met.

6

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

(Unaudited)

Note 3 – New Accounting Standards

In January 2016 the FASB released accounting standards update 2016-01 Recognition and Measurement of Financial Assets and Liabilities. The main provisions of the update are to eliminate the available for sale classification of accounting for equity securities and to adjust the fair value disclosures for financial instruments carried at amortized costs such that the disclosed fair values represent an exit price as opposed to an entry price. The provisions of this update will require that equity securities be carried at fair market value on the balance sheet and any periodic changes in value will be adjustments to the income statement. A practical expedient is provided for equity securities without a readily determinable fair value, such that these securities can be carried at cost less any impairment. The provisions of this update become effective for interim and annual periods beginning after December15,2017. Management does not expect the requirements of this update to have a material impact on the Company’s financial position, results of operations or cash flows.

In February 2016, the FASB issued accounting standards update 2016-02 Leases. The update requires all leases, with the exception of short-term leases that have contractual terms no greater than one year, to be recorded on the balance sheet. Under the provisions of the update, leases classified as operating will be reflected on the balance sheet with the recognition of both a right-of-use asset and a lease liability. Under the update, a distinction will exist between finance and operating type leases and the rules for determining which classification a lease will fall into are similar to existing rules. For public business entities, the amendments of this update are effective for interim and annual periods beginning after December15, 2018. The update requires a modified retrospective transition under which comparative balance sheets from the earliest historical period presented will be revised to reflect what the financials would have looked like were the provisions of the update applied consistently in all prior periods. Management has not yet determined the impacts of this update on the Company’s financial position, results of operations or cash flows.

In March 2016 the FASB issued accounting standards update 2016-09 Compensation-Stock Compensation. The purpose of the update was to simplify the accounting for share-based payment transactions, including the income tax consequences of such transactions. Under the provisions of the update the income tax consequences of excess tax benefits and deficiencies should be recognized in income tax expense in the reporting period in which the awards vest. Currently, excess tax benefits or deficiencies impact stockholders’ equity directly to the extent there is a cumulative excess tax benefit. In the event that a tax deficiency has occurred during the reporting period and a cumulative excess tax benefit does not exist, the tax deficiency is recognized in income tax expense under current GAAP. The update also provides that entities may continue to estimate forfeitures in accounting for stock based compensation or recognize them as they occur. The provisions of this update become effective for interim and annual periods beginning after December15, 2016. The update requires a modified retrospective transition under which a cumulative effect to equity will be recognized in the period of adoption. Management does not expect the requirements of this update to have a material impact on the Company’s financial position, results of operations or cash flows.

In June 2016 the FASB issued accounting standards update 2016-13 Measurement of Credit Losses on Financial Instruments. The main objective of this update is to provide financial statement users with more decision-useful information about the expected credit losses on financial instruments and other commitments to extend credit held by a reporting entity at each reporting date. To achieve this objective, the amendments in this update replace the incurred loss impairment methodology in current GAAP with a methodology that reflects expected credit losses and requires consideration of a broader range of reasonable and supportable information to inform credit loss estimates. The amendments affect entities holding financial assets and net investment in leases that are not accounted for at fair value through net income. The amendments affect loans, debt securities, trade receivables, net investments in leases, off-balance-sheet credit exposures, reinsurance receivables, and any other financial assets not excluded from the scope that have the contractual right to receive cash. The provisions of this update are effective for fiscal years beginning after December15, 2019, including interim periods within those fiscal years. Management has not yet determined the impacts of this update on the Company’s financial position, results of operations or cash flows.

In August 2016, the FASB issued accounting standards update 2016-15, Statement of Cash Flows, Classification of Certain Cash Receipts and Cash Payments. The update addresses the diversity in practice in how certain cash receipts and cash payments are presented and classified in the statement of cash flows. This update addresses eight specific cash flow issues with the objective of reducing the existing diversity in practice. The provisions of this update become effective for interim and annual periods beginning after December 15, 2017. Management does not expect the requirements of this update to have a material impact on the Company’s financial position, results of operations or cash flows.

7

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

(Unaudited)

Note 4 – Securities Available for Sale

The amortized cost and fair value of securities available for sale and the related gross unrealized gains and losses recognized in accumulated other comprehensive income (loss) were as follows:

	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses			Fair Value
September 30, 2016
U.S. government-sponsored entities	$	6,000	$	1	$	(2	)	$	5,999
Residential mortgage-backed		1,478		24		—			1,502
Total	$	7,478	$	25	$	(2	)	$	7,501
December 31, 2015
U.S. government-sponsored entities	$	10,000	$	4	$	(65	)	$	9,939
Residential mortgage-backed		518		27		—			545
Total	$	10,518	$	31	$	(65	)	$	10,484

There were no sales of securities available-for-sale during the nine months ended September30, 2016 or 2015. There were no securities pledged to secure any of the borrowings of the Company as of September30, 2016 and December31, 2015.

The amortized cost and fair value of available-for-sale securities are shown by contractual maturity as of September30, 2016. Expected maturities may differ from contractual maturities if borrowers have the right to call or prepay obligations with or without call or prepayment penalties. Securities not due at a single maturity date are shown separately.

	September 30, 2016
	Amortized		Fair
	Cost		Value
U.S. government-sponsored entities
Within one year	$	—	$	—
One to five years		6,000		5,999
Five to ten years		—		—
Residential mortgage-backed		1,478		1,502
Total	$	7,478	$	7,501

Anticipated maturities on mortgage-backed securities are not readily determinable as borrowers have the right to prepay their obligation with or without penalties.

The following table summarizes securities with unrealized losses at September 30, 2016 and December31, 2015, aggregated by major security type and length of time in a continuous unrealized loss position.

	Less Than 12 Months					12 Months or More					Total
	Fair Value		Unrealized Loss			Fair Value		Unrealized Loss			Fair Value		Unrealized Loss
2016
U.S. government sponsored entities	$	998	$	(2	)	$	—	$	—		$	998	$	(2	)
2015
U.S. government sponsored entities	$	5,947	$	(53	)	$	988	$	(12	)	$	6,935	$	(65	)

As of September30, 2016 and December31, 2015, all of the Company’s securities available for sale were issued by U.S. government-sponsored entities and agencies which the government has affirmed its commitment to support.

8

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

(Unaudited)

Unrealized losses on securities have not been recognized into income because the issuer’s securities are of high credit quality (rated AA or higher at the time of purchase), management does not intend to sell and it is not more likely than not that management would be required to sell the securities prior to their anticipated recovery, and the decline in fair value is largely due to changes in interest rates. The fair value is expected to recover as the securities approach maturity.

Note 5 – Loans

The following table sets forth the composition of our loan portfolio by segment and class, at the dates indicated.

	September 30, 2016						December 31, 2015
	Amount			Percent			Amount			Percent
	(Dollars in thousands)
First mortgage loans:
Secured by one- to four family	$	27,792			49.10	%	$	30,368			51.84	%
Secured by multi-family		7,896			13.95			7,592			12.96
Secured by commercial real estate		13,893			24.55			13,941			23.80
Secured by land		176			0.31			192			0.33
Secured by construction		218			0.39			—			—
Total first mortgage loans		49,975			88.30			52,093			88.93
Commercial, consumer and other loans:
Home equity lines-of-credit		4,967			8.78			4,574			7.81
Commercial business loans		1,199			2.12			1,112			1.90
Automobile loans		441			0.78			798			1.36
Other consumer loans		13			0.02			—			—
Total commercial, consumer and other loans		6,620			11.70			6,484			11.07
Gross loans		56,595			100.00			58,577			100.00
Premiums and net deferred loan costs		(61	)					(50	)
Allowance for loan losses		(962	)					(991	)
Total loans, net	$	55,572					$	57,536

9

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

(Unaudited)

The following table presents the activity in the allowance for loan losses by portfolio segment and class for the three and nine months ended September30, 2016 and 2015.

	First Mortgages															Commercial, Consumer and Other
	(Dollars in thousands)
	One-to-four     family			Multi- family			Commercial real estate			Land			Construction			Homeequity lines-of- credit			Commercial			Automobile			Other Consumer			Total
For the three months ended September 30, 2016
Allowance for loan losses
Beginning balance	$	309		$	134		$	413		$	5		$	5		$	76		$	13		$	26		$	—		$	981
Provision (credit) for loan losses		12			42			(128	)		—			—			(8	)		(1	)		(12	)		—			(95	)
Loans charged-off		(11	)		—			—			—			—			—			—			—			—			(11	)
Recoveries		—			—			86			—			1			—			—			—			—			87
Total ending allowance balance September 30, 2016	$	310		$	176		$	371		$	5		$	6		$	68		$	12		$	14		$	—		$	962
For the three months ended September 30, 2015
Allowance for loan losses
Beginning balance	$	462		$	185		$	375		$	6		$	7		$	86		$	7		$	54		$	—		$	1,182
Provision (credit) for loan losses		123			(16	)		(7	)		(1	)		(16	)		(17	)		—			(11	)		—			55
Loans charged-off		(284	)		—			—			—			—			—			—			—			—			(284	)
Recoveries		—			—			—			—			14			—			—			—			—			14
Total ending allowance balance September 30, 2015	$	301		$	169		$	368		$	5		$	5		$	69		$	7		$	43		$	—		$	967
For the nine months ended September 30, 2016
Allowance for loan losses
Beginning balance	$	326		$	157		$	385		$	5		$	—		$	70		$	12		$	36		$	—		$	991
Provision (credit) for loan losses		(5	)		19			(100	)		—			(18	)		(2	)		—			(22	)		—			(128	)
Loans charged-off		(11	)		—			—			—			—			—			—			—			—			(11	)
Recoveries		—			—			86			—			24			—			—			—			—			110
Total ending allowance balance September 30, 2016	$	310		$	176		$	371		$	5		$	6		$	68		$	12		$	14		$	—		$	962
For the nine months ended September 30, 2015
Allowance for loan losses
Beginning balance	$	392		$	354		$	277		$	6		$	7		$	96		$	8		$	66		$	—		$	1,206
Provision (credit) for loan losses		193			(157	)		91			(1	)		(20	)		(27	)		(1	)		(22	)		(1	)		55
Loans charged-off		(284	)		(28	)		—			—			—			—			—			(1	)		—			(313	)
Recoveries		—			—			—			—			18			—			—			—			1			19
Total ending allowance balance September 30, 2015	$	301		$	169		$	368		$	5		$	5		$	69		$	7		$	43		$	—		$	967

10

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

(Unaudited)

The following table represents the balance in the allowance for loan losses and the recorded investment in loans by portfolio segment and class based on the impaired method at the dates indicated. The recorded investment in loans excludes accrued interest and loan origination fees due to immateriality.

	Loan Balance						Allowance
	(Dollars in thousands)
	Individually Evaluatedfor Impairment		Collectively Evaluatedfor Impairment		Total Recorded Investment		Individually Evaluatedfor Impairment		Collectively Evaluatedfor Impairment		Total Recorded Investment
September 30, 2016
One-to-four-family	$	1,312	$	26,480	$	27,792	$	63	$	247	$	310
Multi-family		1,058		6,838		7,896		71		105		176
Commercial real estate		542		13,351		13,893		—		371		371
Land		—		176		176		—		5		5
Construction		—		218		218		—		6		6
Home equity lines of credit		—		4,967		4,967		—		68		68
Commercial		—		1,199		1,199		—		12		12
Automobile		—		441		441		—		14		14
Other consumer		—		13		13		—		—		—
Total	$	2,912	$	53,683	$	56,595	$	134	$	828	$	962
December 31, 2015
One-to-four-family	$	1,640	$	28,728	$	30,368	$	67	$	259	$	326
Multi-family		1,354		6,238		7,592		52		105		157
Commercial real estate		—		13,941		13,941		—		385		385
Land		—		192		192		—		5		5
Construction		—		—		—		—		—		—
Home equity lines of credit		—		4,574		4,574		—		70		70
Commercial		—		1,112		1,112		—		12		12
Automobile		—		798		798		—		36		36
Other consumer		—		—		—		—		—		—
Total	$	2,994	$	55,583	$	58,577	$	119	$	872	$	991

11

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

(Unaudited)

The following tables present information related to loans individually evaluated for impairment by class of loans as of and for the nine months ended September30, 2016 and 2015 and as of and for the year ended December31, 2015

	Unpaid Principal Balance		Recorded Investment		Allowancefor Loan Losses Allocated		Average Recorded Investment		Interest Income Recorded		CashBasis Interest Recorded
September 30, 2016
With no related allowance recorded
One-to-four-family	$	1,202	$	782	$	—	$	1,059	$	—	$	—
Multi-family		—		—		—		184		23		23
Commercial real estate		542		542		—		121		—		—
Land		—		—		—		—		—		—
Construction		—		—		—		—		—		—
Home equity line of credit		—		—		—		—		—		—
Commercial		—		—		—		—		—		—
Automobile		—		—		—		—		—		—
Other consumer		—		—		—		—		—		—
Total with no related allowance recorded		1,744		1,324		—		1,364		23		23
With an allowance recorded
One-to-four-family		530	$	530	$	63		535		19		19
Multi-family		1,058		1,058		71		1,065		31		31
Commercial real estate		—		—		—		—		—		—
Land		—		—		—		—		—		—
Construction		—		—		—		—		—		—
Home equity line of credit		—		—		—		—		—		—
Commercial		—		—		—		—		—		—
Automobile		—		—		—		—		—		—
Other consumer		—		—		—		—		—		—
Total with a related allowance recorded		1,588		1,588		134		1,600		50		50
Total	$	3,332	$	2,912	$	134	$	2,964	$	73	$	73

12

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

(Unaudited)

	Unpaid Principal Balance		Recorded Investment		Allowancefor Loan Losses Allocated		Average Recorded Investment		Interest Income Recorded		CashBasis Interest Recorded
	(Dollars in thousands)
September 30, 2015
With no related allowance recorded
One-to-four-family	$	1,523	$	1,103	$	—	$	1,020	$	—	$	—
Multi-family		798		623		—		1,329		46		46
Commercial real estate		—		—		—		—		—		—
Land		—		—		—		—		—		—
Construction		—		—		—		—		—		—
Home equity line of credit		—		—		—		—		—		—
Commercial		244		41		—		65		—		—
Automobile		—		—		—		—		—		—
Other consumer		—		—		—		—		—		—
Total with no related allowance recorded		2,565		1,767		—		2,414		46		46
With an allowance recorded
One-to-four-family		545		545		41		550		22		22
Multi-family		736		736		58		743		28		28
Commercial real estate		—		—		—		—		—		—
Land		—		—		—		—		—		—
Construction		—		—		—		—		—		—
Home equity line of credit		—		—		—		—		—		—
Commercial		—		—		—		—		—		—
Automobile		—		—		—		—		—		—
Other consumer		—		—		—		—		—		—
Total with a related allowance recorded		1,281		1,281		99		1,293		50		50
Total	$	3,846	$	3,048	$	99	$	3,707	$	96	$	96

13

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

(Unaudited)

	Unpaid Principal Balance		Recorded Investment		Allowancefor Loan Losses Allocated		Average Recorded Investment		Interest Income Recorded		CashBasis Interest Recorded
December 31, 2015
With no related allowance recorded
One-to-four-family	$	1,519	$	1,099	$	—	$	1,040	$	50	$	50
Multi-family		800		625		—		1,154		—		—
Commercial real estate		—		—		—		—		—		—
Land		—		—		—		—		—		—
Construction		—		—		—		—		—		—
Home equity line of credit		—		—		—		—		—		—
Commercial		—		—		—		49		—		—
Automobile		—		—		—		—		—		—
Other consumer		—		—		—		—		—		—
Total with no related allowance recorded		2,319		1,724		—		2,243		50		50
With an allowance recorded
One-to-four-family		541		541		67		548		26		26
Multi-family		729		729		52		740		38		38
Commercial real estate		—		—		—		—		—		—
Land		—		—		—		—		—		—
Construction		—		—		—		—		—		—
Home equity line of credit		—		—		—		—		—		—
Commercial		—		—		—		—		—		—
Automobile		—		—		—		—		—		—
Other consumer		—		—		—		—		—		—
Total with a related allowance recorded		1,270		1,270		119		1,288		64		64
Total	$	3,589	$	2,994	$	119	$	3,531	$	114	$	114

14

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

(Unaudited)

The following table presents the aging of the recorded investment in past due loans at the dates indicated by class of loans.

	30-59 Days Pastdue		60-89 Days Pastdue		Greater than 90DaysPastDue Still on Accrual		Nonaccrual		LoansNot Past Due		Total
	(Dollars in thousands)
September 30, 2016
One-to-four-family	$	—	$	—	$	—	$	782	$	27,010	$	27,792
Multi-family		—		—		—		346		7,550		7,896
Commercial real estate		—		—		—		542		13,351		13,893
Land		—		—		—		—		176		176
Construction		—		—		—		—		218		218
Home equity line of credit		—		—		—		—		4,967		4,967
Commercial		—		—		—		—		1,199		1,199
Automobile		—		—		—		—		441		441
Other consumer		—		—		—		—		13		13
Total	$	—	$	—	$	—	$	1,670	$	54,925	$	56,595
December 31, 2015
One-to-four-family	$	—	$	—	$	—	$	1,099	$	29,269	$	30,368
Multi-family		—		—		—		346		7,246		7,592
Commercial real estate		—		—		—		—		13,941		13,941
Land		—		—		—		—		192		192
Construction		—		—		—		—		—		—
Home equity line of credit		—		—		—		—		4,574		4,574
Commercial		—		—		—		—		1,112		1,112
Automobile		—		—		—		—		798		798
Other consumer		—		—		—		—		—		—
Total	$	—	$	—	$	—	$	1,445	$	57,132	$	58,577

Nonperforming loans (non-accrual and loans past due90 days and still on accrual) include both smaller balance homogeneous loans that are collectively evaluated for impairment and individually classified impaired loans.

15

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

(Unaudited)

Credit Quality Indicators

The Bank categorizes loans into risk categories based on relevant information about the ability of a borrower to service their debt such as: current financial information, historical payment experience, credit documentation, public information, and current economic trends, among other factors. The Bank analyzes loans individually by classifying the loans as to credit risk. The analysis includes the non-homogeneous loans, such as multi- family, commercial real estate, construction, and commercial loans. The analysis is performed on a quarterly basis. Homogeneous loans are monitored based on past due status of the loan. The risk category of these loans is evaluated at origination, when a loan becomes delinquent or when a borrower requests a concession.

Substandard

Loans classified as substandard are inadequately protected by the current net worth and paying capacity of the obligor or of the collateral pledged, if any. Loans so classified have a well-defined weakness or weaknesses that jeopardize the liquidation of the debt. They are characterized by the distinct possibility that the institution will sustain some loss if the deficiencies are not corrected.

Doubtful

Loans classified as doubtful have all the weaknesses inherent in those classified as substandard, with the added characteristic that the weaknesses make collection or liquidation in full, on the basis of currently existing facts, conditions, and values, highly questionable and improbable.

Loans not meeting the criteria above that are analyzed individually as part of the above described process are considered to be pass rated loans. The following table reflects the risk category by loans at the dates indicated based on the most recent analysis performed.

	Pass		Substandard		Doubtful		Total
	(Dollars in thousands)
September 30, 2016
One-to-four-family	$	27,010	$	782	$	—	$	27,792
Multi-family		7,550		346		—		7,896
Commercial real estate		13,351		542		—		13,893
Land		176		—		—		176
Construction		218		—		—		218
Home equity lines of credit		4,967		—		—		4,967
Commercial		1,199		—		—		1,199
Automobile		441		—		—		441
Other consumer		13		—		—		13
Total	$	54,925	$	1,670	$	—	$	56,595
December 31, 2015
One-to-four-family	$	29,269	$	1,099	$	—	$	30,368
Multi-family		7,246		346		—		7,592
Commercial real estate		13,941		—		—		13,941
Land		192		—		—		192
Construction		—		—		—		—
Home equity lines of credit		4,574		—		—		4,574
Commercial		1,112		—		—		1,112
Automobile		798		—		—		798
Other consumer		—		—		—		—
Total	$	57,132	$	1,445	$	—	$	58,577

16

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

(Unaudited)

Troubled Debt Restructurings

Our troubled debt restructurings totaled $1,644 at September30, 2016 and $1,964 at December31, 2015. There were no loans modified as troubled debt restructurings during the nine months ended September30, 2016 or the year ended December31, 2015.

There were two loans modified as troubled debt restructurings with a balance of $402 as of September30, 2016, which are being reported as nonaccrual. There were two loans modified as troubled debt restructurings with a balance of $415 which are being reported as nonaccrual as of December31, 2015, one of which totaling $69 is paying as agreed under the terms of the modification.

A loan is considered to be in payment default once it is 90 days contractually past due under the modified terms. During the nine months ended September30, 2016, one multi-family loan totaling $346 had payment defaults and was reported as non-accrual at September30, 2016 and December31, 2015.

The Company has allocated $134 to specific reserves on $1,587 of loans to customers whose loan terms have been modified in troubled debt restructurings as of September30, 2016. At December31, 2015, the Company has allocated $119 to specific reserves on $1,271 of loans to customers whose loan terms have been modified in troubled debt restructurings. The Company has not committed to lend additional amounts as of September30, 2016 and December31, 2015 to customers with outstanding loans that are classified as troubled debt restructurings.

Note 6 – Loss Per Share

The following table presents a reconciliation of the components used to compute basic and diluted earnings (loss) per share:

	For the Three Months Ended						For the Nine Months Ended
	September 30, 2016			September 30, 2015			September 30, 2016			September 30, 2015
Net income (loss) (Dollars in thousands)	$	(280	)	$	(142	)	$	(890	)	$	(787	)
Weighted average common shares outstanding (1)		659,607			658,260			660,093			659,679
Basic and diluted income (loss) per share (1)	$	(0.42	)	$	(0.22	)	$	(1.35	)	$	(1.19	)

The outstanding options and restricted shares are considered antidilutive because of the net loss.

Note 7 – Fair Value Measures

Fair value is the exchange price that would be received for an asset or paid to transfer a liability (exit price) in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants on the measurement date. There are three levels of inputs that may be used to measure fair values:

Level 1 – Quoted prices (unadjusted) for identical assets or liabilities in active markets that the entity has the ability to access as of the measurement date.

Level 2 – Significant other observable inputs other than Level 1 prices such as quoted prices for similar assets or liabilities; quoted prices in markets that are not active; or other inputs that are observable or can be corroborated by observable market data.

Level 3 – Significant unobservable inputs that reflect a company’s own assumptions about the assumptions that market participants would use in pricing an asset or liability.

The Company used the following methods and significant assumptions to estimate the fair value of each type of financial instrument:

17

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

(Unaudited)

Securities Available for Sale: The fair values of securities available-for-sale are determined by matrix pricing, which is a mathematical technique widely used in the industry to value debt securities without relying exclusively on quoted prices for the specific securities but rather by relying on the securities’ relationship to other benchmark quoted securities (Level 2 inputs).

Impaired Loans:The fair value of impaired loans with specific allocations of the allowance for loan losses is generally based on recent real estate appraisals. These appraisals may utilize a single valuation approach or a combination of approaches including comparable sales and the income approach. Adjustments are routinely made in the appraisal process by the independent appraisers to adjust for differences between the comparable sales and income data available. Such adjustments are usually significant and typically result in a Level 3 classification of the inputs for determining fair value.Non-real estate collateral may be valued using an appraisal, net book value per the borrower’s financial statements, or aging reports, adjusted or discounted based on management’s historical knowledge, changes in market conditions from the time of the valuation, and management’s expertise and knowledge of the client and client’s business, resulting in a Level 3 fair value classification.Impaired loans are evaluated on a quarterly basis for additional impairment and adjusted accordingly.

Repossessed Assets: Assets acquired through or instead of loan foreclosure are initially recorded at fair value less costs to sell when acquired, establishing a new cost basis.These assets are subsequently accounted for at lower of cost or fair value less estimated costs to sell. Fair value is commonly based on recent real estate appraisals which are updated no less frequently than annually. These appraisals may utilize a single valuation approach or a combination of approaches including comparable sales and the income approach. Adjustments are routinely made in the appraisal process by the independent appraisers to adjust for differences between the comparable sales and income data available. Such adjustments are usually significant and typically result in a Level 3 classification of the inputs for determining fair value.Other real estate owned properties are evaluated on a quarterly basis for additional impairment and adjusted accordingly.

Appraisals for both collateral-dependent impaired loans and other real estate owned are performed by certified appraisers whose qualifications and licenses have been reviewed and verified by the Company.Once received, management reviews the assumptions and approaches utilized in the appraisal as well as the overall resulting fair value in comparison with independent data sources such as recent market data or industry-wide statistics.Upon sale of collateral, the Company compares the actual selling price of collateral that has been sold to the most recent appraised value to determine what additional adjustment should be made to the appraisal value to arrive at fair value for the remaining assets carried at fair value.

18

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

(Unaudited)

Assets Measured on a Recurring Basis

Assets measured at fair value on a recurring basis are summarized below:

			Fair Value Measurements Using
	Balance		QuotedPricesin ActiveMarketsfor Identical Assets (Level 1)		Significant Other Observable Inputs (Level2)		Significant Unobservable Inputs (Level3)
September 30, 2016
Assets
Securities available for sale
U.S. government-sponsored entities	$	5,999	$	—	$	5,999	$	—
Residential mortgaged-backed		1,502		—		1,502		—
	$	7,501	$	—	$	7,501	$	—
December 31, 2015
Assets
Securities available for sale
U.S. government-sponsored entities	$	9,939	$	—	$	9,939	$	—
Residential mortgaged-backed		545		—		545		—
	$	10,484	$	—	$	10,484	$	—

There were no transfers between Level 1, Level 2, and Level 3 during the nine-months ended September30, 2016 or the year ended December31, 2015.

Assets Measured on a Non-Recurring Basis

Assets measured at fair value on a non-recurring basis are summarized below:

			Fair Value Measurements Using
	Balance		QuotedPricesin ActiveMarketsfor Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)
September 30, 2016
Assets
Impaired loans
One-to-four-family	$	725	$	—	$	—	$	725
Multi-family		987		—		—		987
Total impaired loans	$	1,712	$	—	$	—	$	1,712
Repossessed assets
One-to-four-family	$	293	$	—	$	—	$	293
Commercial real estate		321		—		—		321
Land		87		—		—		87
Total repossessed assets	$	701	$	—	$	—	$	701
December 31, 2015
Assets
Impaired loans
One-to-four-family	$	725	$	—	$	—	$	725
Multi-family		677		—		—		677
Total impaired loans	$	1,402	$	—	$	—	$	1,402
Repossessed assets
Land	$	87		—		—	$	87
Total repossessed assets	$	87	$	—	$	—	$	87

19

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

(Unaudited)

Impaired loans, which are measured for impairment using the fair value of the collateral (less cost to sell) for collateral dependent loans, had an aggregate balance of $1,783 with a $71 valuation allowance at September30, 2016 and an aggregate balance of $1,454 with a $52 valuation allowance at December31, 2015. The impaired loans resulted in no provision for loan losses for the three and nine months ended September30, 2016 and 2015.

Repossessed assets, consisting of other real estate owned, are measured at the lower of cost or fair value less costs to sell. Repossessed assets were carried at $701 at September30, 2016 consisting of the cost basis and of $947 and a valuation allowance of $246. Repossessed assets were carried at $87 at December 31, 2015 consisting of the cost basis and of  $101 and a valuation allowance of $14.  There was $68 of write-downs on repossessed assets for the three and nine months ended September 30, 2016 and $14 for the three and nine months ended September 30, 2015.

The following table presents quantitative information about level 3 fair value measurements for financial instruments measured at fair value on a non-recurring basis at September30, 2016 and December31, 2015:

September30, 2016

	Fair Value		Valuation Technique	Unobservable Inputs	Range
Impaired loans
One-to-four-family	$	725	Sales comparison approach	Adjustment for differences between the comparable sales		(17.0%)– 8.7%
Multi-family	$	987	Sales comparison approach	Adjustment for differences between the comparable sales		(1.9%)– 2.6%
Other real estate owned
One-to-four-family	$	293	Sales comparison approach	Adjustment for differences between the comparable sales		(4.4%) – 2.4%
Commercial real estate	$	321	Sales comparison approach	Adjustment for differences between the comparable sales		(23.6%) – 16.7%
Land	$	87	Sales comparison approach	Adjustment for differences between the comparable sales		(8.0%)– 86.0%
December 31, 2015
	Fair Value		Valuation Technique	Unobservable Inputs	Range
Impaired loans
One-to-four-family	$	725	Sales comparison approach	Adjustment for differences between the comparable sales		(9.9%)– 14.1%
Multi-family	$	677	Sales comparison approach	Adjustment for differences between the comparable sales		(6.7%)– 13.2%
Other real estate owned
Land	$	87	Sales comparison approach	Adjustment for differences between the comparable sales		(11.6%)– 31.0%

20

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

(Unaudited)

The carrying amounts and estimated fair values of the Company’s financial instruments are as follows:

			Fair Value Measurements at
			September 30, 2016 (Unaudited) Using:
	Carrying Amount		Level 1		Level 2		Level 3		Total
Financial assets
Cash and cash equivalents	$	9,758	$	9,758	$	—	$	—	$	9,758
Certificates of deposit in other financial institutions		3,920		—		3,920		—		3,920
Securities available-for-sale		7,501		—		7,501		—		7,501
Loans receivable, net		55,572		—		—		56,029		56,029
FHLB stock		921		N/A		N/A		N/A		N/A
Accrued interest receivable		186		—		32		154		186
Financial liabilities
Demand, money market, and savings	$	37,348	$	37,348	$	—	$	—	$	37,348
Certificates of deposits		33,188		—		33,262		—		33,262
Advances by borrowers for taxes and insurance		262		262		—		—		262
Accrued interest payable		1		—		1		—		1
			Fair Value Measurements at
			December 31, 2015 Using:
	Carrying Amount		Level 1		Level 2		Level 3		Total
Financial assets
Cash and cash equivalents	$	9,265	$	9,265	$	—	$	—	$	9,265
Certificates of deposit in other financial institutions		4,635		—		4,635		—		4,635
Securities available-for-sale		10,484		—		10,484		—		10,484
Loans receivable, net		57,536		—		—		57,469		57,469
FHLB stock		921		N/A		N/A		N/A		N/A
Accrued interest receivable		185		3		20		162		185
Financial liabilities
Demand, money market, and savings	$	38,399	$	38,399	$	—	$	—	$	38,399
Certificates of deposits		35,158		—		35,024		—		35,024
Advances by borrowers for taxes and insurance		559		559		—		—		559
Accrued interest payable		—		—		—		—		—

The methods and assumptions, not previously presented, used to estimate fair values are described as follows:

(a) Cash and Cash Equivalents

The carrying amounts of cash and short-term instruments approximate fair values and are classified as Level 1

(b) Certificates of deposit in other financial institutions.

Fair values for fixed rate certificates of deposit are estimated using a discounted cash flows calculation that applies interest rates currently being offered on certificates to a schedule of aggregated expected monthly maturities on time deposits resulting in a Level 2 classification.

(c) Loans receivable, net

Fair values of loans receivable, net are estimated as follows: For variable rate loans that reprice frequently and with no significant change in credit risk, fair values are based on carrying values resulting in a Level 3

21

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

(Unaudited)

classification. Fair values for other loans are estimated using discounted cash flow analyses, using interest rates currently being offered for loans with similar terms to borrowers of similar credit quality resulting in a Level 3 classification. Impaired loans are valued at the lower of cost or fair value as described previously. The methods utilized to estimate the fair value of loans do not necessarily represent an exit price.

(d) FHLB Stock

It is not practical to determine the fair value of FHLB stock due to restrictions placed on its transferability.

(e) Accrued Interest Receivable

The carrying amount of accrued interest receivable approximates its fair value and is classified as Level 2 for securities and Level 3 for loans.

(f) Deposits

The fair values disclosed for demand deposits (e.g., interest and non-interest demand, savings, and certain types of money market accounts) are, by definition, equal to the amount payable on demand at the reporting date (i.e., their carrying amount) and are classified as Level 1. The carrying amounts of variable rate certificates of deposit approximate their fair values at the reporting date are classified as a Level 2. Fair values for fixed rate certificates of deposit are estimated using a discounted cash flows calculation that applies interest rates currently being offered on certificates to a schedule of aggregated expected monthly maturities on time deposits resulting in a Level 2 classification.

(g) Accrued Interest Payable

The carrying amount of accrued interest payable approximates its fair value and is classified as Level 2.

Note 8 – Regulatory Capital Matters

The Bank is subject to various regulatory capital requirements administered by federal banking agencies. Capital adequacy guidelines and prompt corrective action regulations, involve quantitative measures of assets, liabilities, and certain off-balance-sheet items calculated under regulatory accounting practices. Capital amounts and classifications are also subject to qualitative judgments by regulators. Failure to meet capital requirements can initiate regulatory action. The final rules implementing Basel Committee on Banking Supervision’s capital guidelines for U.S. banks (Basel Ill rules) became effective for the Company on January1, 2015 with full compliance with all of the requirements being phased in over a multi-year schedule, and fully phased in by January1, 2019. The net unrealized gain or loss on available for sale securities is not included in computing regulatory capital.

Effective as of January1, 2016, financial institutions are required to maintain a capital conservation buffer to avoid restrictions on capital distributions and other payments. If a financial institution’s capital conservation buffer falls below the minimum requirement, its maximum payout amount for capital distributions and discretionary payments declines to a set percentage of eligible retained income based on the size of the buffer. The implementation of the capital conservation buffer began on January1, 2016 at the 0.625% level and will be phased in over a three-year period (increasing by 0.625% on each subsequent January1, until it reaches 2.5% on January1, 2019). As of September30, 2016, the Bank’s capital conservation buffer stood at 8.84%.

Quantitative measures established by regulation to help ensure capital adequacy require the Bank to maintain minimum amounts and ratios of total and Tier I capital as defined in the regulations to risk-weighted assets as defined and of Tier I capital to adjusted total assets as defined. To be categorized as well capitalized, the Bank must maintain minimum total risk-based, Tier I risk-based, and Tier I leverage ratios. On November25, 2015 the Bank entered into a New Order with the OCC that reduced the Bank’s regulatory compliance burden. Concurrent with the execution of the New Order, the Old Order entered into between the Bank and the OCC dated December19, 2012 was terminated. The New Order reduced the Bank’s minimum required Tier 1 leverage capital ratio to 8% from 9% under the Old Order and its minimum total risk-based capital ratio to 12% from 13% under the Old Order.

22

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

(Unaudited)

As a result of entering into the New Order to achieve and maintain specific capital levels, the Bank’s capital classification under the Prompt Corrective Action rules was “adequately capitalized” at September30, 2016 and December31, 2015. While under the New and Old Order, the Bank cannot be consider “well capitalized”.

The prompt corrective action regulations provide five classifications, including well capitalized, adequately capitalized, undercapitalized, significantly undercapitalized, and critically undercapitalized, although these terms are not used to represent overall financial condition. If undercapitalized, asset growth and expansion are limited and plans for capital restoration are required.

Actual capital levels and minimum required levels for the Bank were:

						MinimumRequired for Capital					Minimum Required
	Actual					Adequacy Purposes					By the Order
	Amount		Ratio			Amount		Ratio			Amount		Ratio
September 30, 2016
Total capital (to risk-weighted assets)	$	8,438		16.8	%	$	4,008		8.0	%	$	6,012		12.0	%
Common equity Tier 1 capital (to risk-weighted assets)		7,808		15.6			2,255		4.5			N/A		N/A
Tier 1 (core) capital (to risk-weighted assets)		7,808		15.6			3,006		6.0			N/A		N/A
Tier 1 (core) capital (to average total assets)		7,808		9.7			3,221		4.0			6,442		8.0
December 31, 2015
Total capital (to risk-weighted assets)	$	9,235		18.5	%	$	3,992		8.0	%	$	5,988		12.0	%
Common equity Tier 1 capital (to risk-weighted assets)		8,607		17.3			2,245		4.5			N/A		N/A
Tier 1 (core) capital (to risk-weighted assets)		8,607		17.3			2,994		6.0			N/A		N/A
Tier 1 (core) capital (to average total assets)		8,607		10.0			3,450		4.0			6,901		8.0

23

Forward-Looking Statements

This quarterly report may contain statements relating to the future results of the Company (including certain projections and business trends) that are considered “forward-looking statements” as defined in the Private Securities Litigation Reform Act of 1995 (the “PSLRA”). Such forward-looking statements, in addition to historical information, which involve risk and uncertainties, are based on the beliefs, assumptions and expectations of management. Words such as “expects,” “believes,” “should,” “plans,” “anticipates,” “will,” “potential,” “could,” “intend,” “may,” “outlook,” “predict,” “project,” “would,” “estimates,” “assumes,” “likely,” and variations of such similar expressions are intended to identify such forward-looking statements. Examples of forward-looking statements include, but are not limited to: statements of our goals, intentions, and expectations; statements regarding our business plans and prospects and growth and operating strategies; statements regarding the asset quality of our loan and investment portfolios; and estimates of our risks and future costs and benefits. For this presentation, the Company and its subsidiary claim the protection of the safe harbor for forward-looking statements contained in the PSLRA.

Factors that could cause future results to vary from current management expectations include, but are not limited to: our ability to manage the risk from our one-to four-family, home equity line-of-credit, multi-family, commercial real estate, construction, land, commercial business, and automobile lending including purchased loans; our ability to comply with the terms of the Consent Order (the “Order”) entered into between the Bank and the Office of the Comptroller of the Currency (the “OCC”); the future level of deposit insurance premiums applicable to us; significantly increased competition among depository and other financial institutions; our ability to execute our plan to grow our assets on a profitable basis; changes in the interest rate environment that reduce our margins or reduce the fair value of financial instruments; inflation; general economic conditions, both nationally and in our market area; adverse changes in the securities and national and local real estate markets (including loan demand, housing demand, and real estate values); our ability to originate a satisfactory amount of high quality loans in an unfavorable economic environment; legislative or regulatory changes that adversely affect our business including the effect of the Dodd-Frank Reform Act, our ability to enter new markets successfully and take advantage of growth opportunities; changes in consumer spending, borrowing and savings habits; changes in accounting policies and practices, as may be adopted by the bank regulatory agencies and the authoritative accounting bodies; the performance of our investment in FHLB of Chicago stock; changes in our organization, compensation and benefit plans; and other factors. Additional factors that may affect our results are discussed in the Company’s Annual Report on Form 10-K as filed with the Securities and Exchange Commission under the heading “Risk Factors.” The forward-looking statements are made as of the date of this report, and the Company assumes no obligation to update the forward-looking statements or to update the reasons why actual results could differ from those projected in the forward-looking statements.

New Capital Requirements

In July, 2014, the Office of the Comptroller of the Currency and the other federal bank regulatory agencies issued a final rule to revise their risk-based and leverage capital requirements and their method for calculating risk-weighted assets, to make them consistent with the agreements that were reached by the Basel Committee on Banking Supervision and certain provisions of the Dodd-Frank Act.The final rule applies to all depository institutions, top-tier bank holding companies with total consolidated assets of $500 million or more, and top-tier savings and loan holding companies (“banking organizations”).Among other things, the rule establishes a new common equity Tier 1 minimum capital requirement (4.5% of risk-weighted assets), increases the minimum Tier 1 capital to risk-based assets requirement (from 4% to 6% of risk-weighted assets) and assigns a higher risk weight (150%)to exposures that are more than 90 days past due or are on nonaccrual status and to certain commercial real estate facilities that finance the acquisition, development or construction of real property.The final rule also limits a banking organization’s capital distributions and certain discretionary bonus payments if the banking organization does not hold a “capital conservation buffer” consisting of 2.5% of common equity Tier 1 capital to risk-weighted assets in addition to the amount necessary to meet its minimum risk-based capital requirements.The final rule became effective for us on January1, 2015. The capital conservation buffer requirement began at 0.625% January1, 2016 and becomes fully phased in at 2.5% on January1, 2019.

24

General

The Bank is a federally chartered savings bank headquartered in Arlington Heights, Illinois. The Bank was originally founded in 1893 as a building and loan association. We conduct our business from our main office and one branch office. Both of our offices are located in the northwestern corridor of the Chicago metropolitan area.

Our principal business consists of attracting retail deposits from the general public in our market and investing those deposits, together with funds generated from operations and borrowings, in one- to four-family residential mortgage loans and, to a lesser extent, home equity lines-of-credit, commercial real estate loans, multi-family real estate loans, commercial business loans, construction and land loans, automobile, and other loans. We also invest in mortgage-backed and other securities. Our revenues are derived principally from the interest on loans and securities, fees for loan origination services, loan fees, and fees levied on deposit accounts. Our primary sources of funds are deposits and principal and interest payments on loans and securities.

Our strategic plan to increase income includes growing our loan portfolio through a combination of our internal origination efforts and through the acquisition of loan pools from other sources. We believe we must continue to increase our level of higher interest earning assets to become profitable. During 2016, the Bank experienced a number of personnel changes within the lending department that impacted our ability to generate the origination levels in our plan. The changes included the departure of our primary lending officer and his subsequent replacement several months later. This position is primarily responsible for our residential lending portfolio and fee generation through originations for other institutions. At the end of October 2016, we hired a senior loan officer to assume the Chief Lending Officer position. This function had been the responsibility of the Bank’s President. The new Chief Lending Officer will be responsible for the implementing strategies to attain our loan origination goals as well as overseeing our credit and loan administration functions. Prior to accepting this position, this individual provided loan consulting service to the Bank since March of 2016. We believe that our new loan department structure along with our other referral sources, will help us meet our future production goals. While we have been presented with several pool purchase opportunities, we have not identified any that meet our strategic income and risk objectives. We may still pursue pool purchases in the future.

Based on the above, we do not anticipate net income until we experience significant growth in our earning assets base pursuant to our business plan. There can be no assurances, however, that we will successfully execute on our business plan and be able to return to profitability in the timeframe we expect or at all.

Critical Accounting Policies

Certain of our accounting policies are important to the reporting of our financial results, since they require management to make difficult, complex and/or subjective judgments, some of which may relate to matters that are inherently uncertain. Estimates associated with these policies are susceptible to material changes as a result of changes in facts and circumstances. Facts and circumstances which could affect these judgments include, but are not limited to, changes in interest rates, changes in performance of the local economy, changes in the financial condition of borrowers, and changes in value of loan collateral such as real estate. As discussed in the Company’s Annual Report for the year ended December31, 2015, management believes that its critical accounting policies include determining the allowance for loan losses and accounting for deferred income taxes.

Comparison of Financial Condition at September30, 2016 and December31, 2015

Assets. Total assets at September30, 2016 were $79.9 million compared to $84.1 million at December31, 2015, a decrease of $4.2 million, or 5.0%. This decrease was primarily due to the $3.0 million decrease in the balance of our securities available for sale, the $2.0 decrease in our loan portfolio, and the $715,000 decrease in our certificate of deposits in other financial institutions, partially offset by the $732,000 increase in the balance of our premise and equipment and $493,000 increase in our cash and cash equivalents.

The decrease in our loan portfolio balance during the first nine months of 2016 was primarily due to the $2.6 million decrease in our one- to four family residential loan portfolio and $357,000 decrease in our automobile loan portfolio, partially offset by the $393,000 increase in our home equity line- of -credit loan portfolio and the $304,000 increase in our multi-family loan portfolio. The decrease in our one- to four family residential loan portfolio was primarily due to the repayments from existing loans exceeding the $2.2 million of new loans originated. Management has reviewed several options for the purchase of loan pools from other sources as outlined in our strategic plan to supplement our internal origination, however, we have not identified a pool that meets our strategic income and risks objectives.

25

At September30, 2016 our allowance for loan losses was $962,000, or 1.70% of total loans, compared to $991,000, or 1.69% of total loans, at December31, 2015. Our allowance reflected $110,000 of recoveries for the nine months ended September30, 2016 primarily from the $86,000 recovery from the discounted payoff of a multi-family loan and a credit for loan losses of $128,000, partially offset by an $11,000 charge-off related to a residential loan that was transferred to other real estate owned. Our loans classified as substandard or doubtful, which also represents our non-accrual loans, were $1.7 million or 2.95% of total loans at September30, 2016 compared to $1.4 million or 2.47% of total loans at December31, 2015. The increase reflects the downgrade of a $542,000 loan secured by a commercial real estate property, partially offset by the transfer of a residential loan with a book value of $293,000 to other real estate owned. Our loans classified as TDRs totaled $1.6 million at September30, 2016 of which $1.2 million were accruing, compared to $2.0 million at December 31, 2015 of which $1.5 million was accruing. The decrease was primarily due to the discounted payoff of a loan secured by a multi-family property.

Our securities portfolio decreased $3.0 million or 28.5% to $7.5 million at September30, 2016 compared to $10.5 million at December31, 2015. The decrease was primarily due to the call of $8.0 million of government sponsored entities notes and the repayments on mortgage-backed securities, partially offset by the purchase of $4.0 million of fixed rate callable notes with maturities of four years or less and $1.0 million of a 15 year fixed rate mortgage-backed security. Our cash and cash equivalents increase $493,000 to $9.8 million at September30, 2016. Our certificates of deposit with other financial institutions decreased $715,000 primarily due to the maturity of $3.7 million of such certificates of deposit, partially offset by the purchase of $2.9 million.

Our premises and equipment increased $732,000 or 154.1% primarily due to the leasehold improvements, furniture, and equipment for our branch office that we upgraded and relocated within the existing shopping center. The new office opened on July 5, 2016. Total costs for leasehold improvements and equipment for the branch office totaled $780,000.

Liabilities. Our total liabilities decreased $3.3 million or 4.4% to $71.3 million at September30, 2016. Our deposits decreased by $3.1 million or 4.2% to $70.5 million at September30, 2016 compared to $73.6 million at December31, 2015, primarily due to the $2.0 million or 5.6% decrease in our certificate of deposit accounts the $1.3 million or 10.1% decrease in our money market accounts, and the $1.1 million or 7.8% decrease in our checking accounts, partially offset by the $1.4 million or 12.9% increase in the balance of our savings accounts.

Stockholders’ Equity. Total stockholders’ equity at September30, 2016 was $8.5 million, a decrease of $873,000 or 9.3% from December31, 2015. The decrease resulted primarily from our net loss of $890 for the nine months ended September30, 2016.

Comparison of Operating Results for the Three Months Ended September30, 2016 and 2015

General. For the three months ended September30, 2016 our net loss was $280,000 compared to a net loss of $142,000 for the three months ended September30, 2015. The increase in our net loss was primarily due to the decreases in our non-interest income and the increase in our non-interest expense, partially offset by the credit for loan losses.

Interest Income. Interest income was $756,000 for the three months ended September30, 2016, $4,000, or 0.5%, lower than the prior year period. Interest income from our loan portfolio decreased $3,000 or 0.4%. The average balance of our loan portfolio for the three months ended September 30, 2016 was $314,000 lower than the prior year period primarily due to the $1.9 million decrease in our one- to four-family residential loans, the $444,000 decrease in our consumer loans and the $303,000 decrease in our home equity line-of-credit loans. These decreases were partially offset by the $1.7 million increase in the average balance of our multi-family and commercial real estate loans and the $517,000 increase in our commercial business loans. The yield on our loan portfolio was 5.03% for the three months ended September 30, 2016 compared to 4.99% the prior year period.

Interest income from securities decreased $6,000 or 16.7% to $30,000 for the three months ended September30, 2016 primarily due to the $2.8 million decrease in the average balance of our securities portfolio to $8.5 million. The average yield for our securities portfolio was 1.42% for the three months ended September 30, 2016 compared to 1.26% for the prior year period. Interest income from other interest earning assets increased $5,000 or 31.3% to $21,000 for the three months ended September30, 2016 compared to the prior year period. The average balance of our other interest earning assets decreased $4.1 million primarily due to the decrease in our customer deposits while the yield increased 0.26% to 0.63% for the three months ended September30, 2016 as we purchased certificates of deposit from other financial institutions to increase our interest income. The balance of each certificate of deposit was less than $250,000 with maturities that ranged from nine to 18 months. The average balance of the certificates of deposit for the three months ended September30, 2016 totaled $3.5 million compared to $5.0 million in the comparable period of 2015.

26

Interest Expense. Interest expense for the three months ended September30, 2016 was $81,000, a decrease of $11,000 or 12.0% from the prior year period due to the decrease in interest expense on deposits as the average balance of interest bearing deposits decreased $5.0 million. The average balance of our certificate of deposit accounts decreased $4.3 million to $33.6 million, the average balance of our money market accounts decreased $1.4 million, and the average balance of our checking accounts decreased $988,000. These decreases were partially offset by the $1.7 million increase in the average balance of our savings accounts for the three months ended September30, 2016. The average cost of deposits decreased to 0.49% for the three months ended September 30, 2016 compared to 0.51% for the prior year period.

Net Interest Income. Net interest income for the three months ended September30, 2016 was $675,000 compared to $668,000 for the three months ended September30, 2015. For the three months ended September30, 2016, the average yield on interest-earning assets was 3.90% and the average cost of interest-bearing liabilities was 0.49% compared to 3.56% and 0.51%, respectively, for the three months ended September30, 2015. These changes resulted in a net interest rate spread and net interest margin to 3.41% and 3.48% respectively for the three months ended September30, 2016 compared to a net interest rate spread of 3.05% and net interest margin of 3.13% for the prior year period. The increase in the net interest rate spread and margin was primarily due to the increase in the yield of our investments and other interest earning assets.

Provision for Loan Losses. We had a $95,000 credit for loan losses for the three months ended September30, 2016 compared to a $55,000 provision for the three months ended September30, 2015. The credit was primarily the result of an $86,000 recovery on the discounted payoff of a loan secured by a multi-family property partially offset by an $11,000 charge-off on a residential loan that was transferred to other real estate owned. Our provision for the three months ended September 30, 2015 was primarily due to the impact of the $284,000 charge-off taken during the quarter on a residential property. At September 30, 2016, management concluded that the balance in our allowance for loan losses appropriately reflected the probable incurred credit losses in the portfolio based on an analysis of the Bank’s historical loss history and other current factors including market values and current economic conditions and trends.

Non-interest Income. For the three months ended September30, 2016, non-interest income was $25,000 compared to $188,000 for the three months ended September30, 2015 primarily due to the $141,000 gain on the sale of a residential real estate property in third quarter of 2015. Fees for originating loans for other financial institutions decreased $17,000 for the three months ended September 30, 2016 compared to the prior year period.

Non-interest Expense. For the three months ended September30, 2016, our non-interest expense increased $119,000 or 12.5% compared to the prior year period. Repossessed assets costs increased $76,000 primarily due to the $68,000 write-down of a commercial real estate property for the three months ended September 30, 2016 compared to $14,000 for the prior year period. Professional fees increased $29,000 primarily due to the $10,000 increase for other consulting fees, and the $17,000 increase in our legal fees. Our other costs increased $54,000 or 64.3% primarily due to the $5,000 provision for off balance sheet commitments for the three months ended September 30, 2016 compared to the $15,000 recovery the prior year period; the $17,000 increase in marketing costs primarily related to the new office relocation; and $17,000 real estate taxes for loans in the processes of foreclosure. Our occupancy costs increased $19,000 primarily due to the increase in our depreciation expense for the leasehold improvements for our branch office. Our compensation and employee benefit costs decreased $56,000 or 11.7% primarily due to the staffing changes and salary adjustment that were implemented in 2015 and the beginning of 2016.

Income Tax. We recorded immaterial amounts for income taxes for the three months ended September30, 2016 and 2015.

Comparison of Operating Results for the Nine Months Ended September30, 2016 and 2015

General. For the nine months ended September30, 2016 our net loss was $890,000 compared to a net loss of $787,000 for the nine months ended September30, 2015. The increase in our net loss was primarily due to the decrease in our non-interest income and increase in our non-interest expenses, partially offset by the credit for loan losses.

Interest Income. Interest income was $2.2 million for the nine months ended September30, 2016, $34,000, or 1.5%, lower than the prior year period. Interest income from loans was $2.0 million, $70,000 or 3.3% lower for the nine months ended September30, 2016 compared to the prior year period primarily due to $1.4 million decrease in the average balance of our loan portfolio. The decrease in average balance included decreases of $1.9 million in our one- to four-family residential loans, $1.6 million in our home equity line-of-credit loans, and $505,000 in our consumer loans. These decreases were partially offset by the $2.2 million increase in the average balance of our multi-family and commercial real estate loans and the $452,000 increase in the average balance of our commercial business loans. The average yield on loans for the nine months ended September30, 2016 was 4.86% compared to 4.90%.

27

Interest income from securities increased $7,000 or 7.4% to $102,000 for the nine months ended September30, 2016 primarily due to the increase in yield on our securities to 1.44% for the nine months ended September30, 2016 compared to 1.33% for the prior year period. Interest income from other interest earning assets increased $29,000 or 82.9% to $64,000 for the nine months ended September30, 2016. The average balance of our other interest earning assets decreased $4.5 million primarily due to the decrease in the average balance of our deposits, while the yield increased to 0.62% from 0.26% as we purchased certificates of deposit in other financial institutions to increase our interest income. The balance of each certificate of deposit was less than $250,000 with maturities that ranged from nine to 18 months. The average balance of the certificates of deposit for the nine months ended September30, 2016 totaled $4.0 million compared to $2.4 million for the prior your period.

Interest Expense. Interest expense for the nine months ended September30, 2016 was $238,000, a decrease of $40,000 or 14.4% from the prior year period due to the decrease in interest expense on deposits. The average balance of interest bearing deposits decreased $5.1 million for the nine months ended September30, 2016 compared to the prior year period as the average balance of our certificate of deposit accounts decreased $5.4 million to $33.6 million, and the average balance of our checking and money market accounts decreased $1.3 million. These decrease was partially offset by the $1.6 million increase in the average balance of our savings accounts for the nine months ended September30, 2016. The average cost of deposits decreased to 0.47% for the nine months ended September 30, 2016 compared to 0.52% for the prior year period.

Net Interest Income. Net interest income for the nine months ended September30, 2016 was $2.0 million, relatively unchanged from the nine months ended September30, 2015. For the nine months ended September30, 2016, the average yield on interest-earning assets was 3.72% and the average cost of interest-bearing liabilities was 0.47% compared to an average yield of 3.51% and average cost of 0.52%, respectively, for the nine months ended September30 2015. These changes resulted in an increase in our net interest rate spread and net interest margin to 3.25% and 3.32% respectively for the first nine months of 2016 compared to a net interest rate spread of 2.99% and net interest margin of 3.08% for the prior year period. The increase in the net interest rate spread and margin was primarily due to the increase in the yield of our investments and other interest earning assets.

Provision for Loan Losses. We had a $128,000 credit for loan losses for the nine months ended September30, 2016 compared to a $55,000 provision for the nine months ended September 30, 2015. The credit was primarily the result of an $86,000 recovery on the discounted payoff of a loan secured by a multi-family property and a $24,000 recovery from a residential construction loan, partially offset by an $11,000 charge-off on a residential loan that was transferred to other real estate owned. Our provision for the nine months ended September 30, 2015 was primarily due to the impact of the $284,000 charge-off taken on a residential property. At September30, 2016, management concluded that the balance in our allowance for loan losses appropriately reflected the probable incurred credit losses in the portfolio based on an analysis of the Bank’s loss history and other current factors including market values and current economic conditions and trends.

Non-interest Income. For the nine months ended September30, 2016, non-interest income was $86,000 compared to $290,000 for the nine months ended September30, 2015. The decrease was primarily due to the $175,000 net gain on the sale of repossessed assets for the nine months ended September30, 2015. Fees for originating loans for other financial institutions decreased $21,000 for the nine months ended September 30, 2016 compared to the prior year period.

Non-interest Expense. For the nine months ended September30, 2016, our non-interest expense increased $95,000 or 3.2% compared to the prior year period. Professional fees increased $90,000 primarily due to the $51,000 increase for legal fees, $33,000 for tax and accounting related fees, and $9,000 for other consulting fees. Our other costs increased $135,000 primarily due to a one-time $40,000 operational loss that was below the insurance deductible which is not expected to be recovered, $31,000 for problem loan costs, a $15,000 provision for off balance sheet commitments for the nine months ended September 30, 2016 compared to the $15,000 recovery the prior year period; and $9,000 related to the annual meeting. Our compensation and employee benefit costs decreased $172,000 or 11.8% primarily due to staffing changes and salary adjustments that were implemented in 2015 and the beginning of 2016.

Income Tax. We recorded immaterial amounts for income taxes for the nine months ended September30, 2016 and 2015.

28

Non-Performing Assets

The following table sets forth the amounts and categories of our non-performing assets at the dates indicated.

	September 30, 2016			December 31, 2015
	(Dollars in thousands)
Non-accrual loans (excluding troubled debt restructurings):
Real estate loans:
One- to four-family residential	$	726		$	1,030
Multi-family		—			—
Commercial		542			—
Construction		—			—
Land		—			—
Home equity lines of credit		—			—
Commercial business loans		—			—
Automobile loans		—			—
Other consumer loans		—			—
Total non-accrual loans		1,268			1,030
Loans 90 days or more past due and still accruing:
Real estate loans:
One- to four-family residential		—			—
Multi-family		—			—
Commercial		—			—
Construction		—			—
Land		—			—
Home equity lines of credit		—			—
Commercial business loans		—			—
Automobile loans		—			—
Other consumer loans		—			—
Total loans 90 days or more past due and still accruing		—			—
Non-accruing troubled debt restructurings:
Real estate loans:
One- to four-family residential		56			69
Multi-family		346			346
Commercial		—			—
Construction		—			—
Land		—			—
Home equity lines of credit		—			—
Commercial business loans		—			—
Automobile loans		—			—
Other consumer loans		—			—
Total non-accruing troubled debt restructured loans		402			415
Total non-performing loans		1,670			1,445
Repossessed Assets:
Real estate loans:
One- to four-family residential		293			—
Multi-family		—			—
Commercial		321			389
Construction		—			—
Land		87			87
Home equity lines of credit		—			—
Commercial business loans		—			—
Automobile loans		—			—
Other consumer loans		—			—
Total foreclosed assets		701			476
Total non-performing assets	$	2,371		$	1,921
Total accruing troubled debt restructured loans	$	1,242		$	1,549
Ratios:
Non-performing loans and non-performing troubled-debt-restructurings to gross loans		2.95	%		2.47	%
Non-performing assets to total assets		2.97	%		2.29	%
Non-performing assets and accruing troubled debt restructurings to total assets		4.52	%		4.13	%

(1)	Non-performing loans consist of non-accruing loans and non-accruing troubled debt restructurings
(2)	Non-performing assets consist of non-performing loans and repossessed assets

29

Analysis of Net Interest Income

Net interest income represents the difference between the income we earn on interest-earning assets and the interest expense we pay on interest-bearing liabilities. Net interest income also depends upon the relative amounts of interest-earning assets and interest-bearing liabilities and the interest rates earned or paid on them.

The following table sets forth average balance sheets, annualized average yields and costs, and certain other information for the periods indicated. All average balances are daily average balances. Non-accrual loans were included in the computation of average balances, but have been reflected in the table as loans carrying a zero yield. The yields set forth below include the effect of deferred fees, discounts and premiums that are amortized or accreted to interest income.

	Three Months Ended September 30,
	2016							2015
	Average Outstanding Balance		Interest		Yield/ Cost			Average Outstanding Balance		Interest		Yield/Cost
	(Dollars in thousands)
Assets:
Loans	$	56,174	$	705		5.03	%	$	56,488	$	708		4.99	%
Securities (1)		8,496		30		1.42			11,296		36		1.26
Other interest-earning assets (2)		13,035		21		0.63			17,180		16		0.37
Total interest-earning assets		77,705	$	756		3.90			84,964	$	760		3.56
Non-interest-earning assets		2,819							2,359
Total assets	$	80,524						$	87,323
Liabilities and stockholders’ equity:
Savings deposits	$	11,853	$	4		0.15		$	10,138	$	4		0.15
Demand deposits		8,914		1		0.06			9,901		2		0.06
Money market deposits		11,881		5		0.15			13,313		5		0.15
Certificates of deposit		33,575		71		0.84			37,916		81		0.85
Total deposits		66,223		81		0.49			71,268		92		0.51
Non-interest-bearing deposits		4,558							4,604
Other liabilities		830							1,465
Total liabilities		71,611							77,337
Stockholders’ equity		8,913							9,986
Total liabilities and stockholders’ equity	$	80,524						$	87,323
Net interest income			$	675						$	668
Net interest rate spread						3.41	%						3.05	%
Net interest-earning assets	$	11,482						$	13,696
Net interest margin						3.48	%						3.13	%
Average of interest-earning assets to interest-bearing Liabilities						117.34	%						119.22	%

(1) Securities include Federal Home Loan Bank stock with an average balance of $921,000 for the three months ended September 30, 2016 and 2015, respectively.

(2) Other interest earning assets include certificates of deposit in other financial institutions and cash equivalents.

30

	Nine Months Ended September 30,
	2016							2015
	Average Outstanding Balance		Interest		Yield/Cost			Average Outstanding Balance		Interest		Yield/Cost
	(Dollars in thousands)
Assets:
Loans	$	56,218	$	2,046		4.86	%	$	57,634	$	2,116		4.90	%
Securities (1)		9,432		102		1.44			9,542		95		1.33
Other interest-earning assets (2)		13,711		64		0.62			18,175		35		0.26
Total interest-earning assets		79,361	$	2,212		3.72			85,351	$	2,246		3.51
Non-interest-earning assets		2,447							2,486
Total assets	$	81,808						$	87,837
Liabilities and stockholders’ equity:
Savings deposits	$	11,510	$	13		0.15		$	9,864	$	11		0.15
Demand deposits		9,371		4		0.06			9,878		5		0.06
Money market deposits		12,563		14		0.15			13,367		15		0.15
Certificates of deposit		33,562		207		0.82			38,980		247		0.85
Total deposits		67,006		238		0.47			72,089		278		0.52
Non-interest-bearing deposits		4,641							4,396
Other liabilities		963							1,272
Total liabilities		72,610							77,757
Stockholders’ equity		9,198							10,080
Total liabilities and stockholders’ equity	$	81,808						$	87,837
Net interest income			$	1,974						$	1,968
Net interest rate spread						3.25	%						2.99	%
Net interest-earning assets	$	12,355						$	13,262
Net interest margin						3.32	%						3.08	%
Average of interest-earning assets to interest-bearing Liabilities						118.44	%						118.40	%

(1) Securities include Federal Home Loan Bank stock with an average balance of $921,000 for the nine months ended September 30, 2016 and 2015, respectively.

(2) Other interest earning assets include certificates of deposit in other financial institutions and cash equivalents.

31

Rate/Volume Analysis

The following table presents the dollar amount of changes in interest income and interest expense for the major categories of Ben Franklin Financial, Inc.’s interest-earning assets and interest-bearing liabilities. Information is provided for each category of interest-earning assets and interest-bearing liabilities with respect to (i)changes attributable to changes in volume (i.e., changes in average balances multiplied by the prior-period average rate) and (ii)changes attributable to rate (i.e., changes in average rate multiplied by prior-period average balances). For purposes of this table, changes attributable to both rate and volume, which cannot be segregated, have been allocated proportionately to the change due to volume and the change due to rate.

	Three Months Ended September30, 2016 vs. 2015									Nine Months Ended September30, 2016 vs. 2015
	Increase(Decrease) Due to						Total Increase			Increase(Decrease) Due to						Total Increase (Decrease)
	Volume			Rate			(Decrease)			Volume			Rate
	(Dollars in thousands)
Interest-earning assets:
Loans	$	(6	)	$	3		$	(3	)	$	(29	)	$	(41	)	$	(70	)
Securities		(10	)		4			(6	)		(1	)		8			7
Other interest-earning assets		(4	)		9			5			(10	)		39			29
Total interest-earning assets		(20	)		16			(4	)		(40	)		6			(34	)
Interest-bearing liabilities:
Savings deposits		—			—			—			2			—			2
Demand accounts		(1	)		—			(1	)		(1	)		—			(1	)
Money market accounts		—			—			—			(1	)		—			(1	)
Certificates of deposit		(9	)		(1	)		(10	)		(32	)		(8	)		(40	)
Total deposits		(10	)		(1	)		(11	)		(32	)		(8	)		(40	)
Change in net interest income	$	(10	)	$	17		$	7		$	(8	)	$	14		$	6

32

This item is not applicable because we are a smaller reporting company.

We have adopted disclosure controls and procedures designed to facilitate our financial reporting. The disclosure controls currently consist of communications among the President and Chief Executive Officer, the Sr. Vice President and Chief Financial Officer, and each department head to identify any transactions, events, trends, risks, or contingencies which may be material to our operations. Our disclosure controls also contain certain elements of our internal controls adopted in connection with applicable accounting and regulatory guidelines. Our President and Chief Executive Officer and Sr. Vice President and Chief Financial Officer have evaluated the effectiveness of our disclosure controls as of the end of the period covered by this report and found them to be effective. Our President and Chief Executive Officer, Sr. Vice President and Chief Financial Officer, and the Audit Committee also meet on a quarterly basis.

We maintain internal control over financial reporting. There have not been any significant changes in such internal control over financial reporting in the last quarter that have materially affected, or are reasonably likely to materially affect, our internal control over financial reporting.

At September 30, 2016 there were no material pending legal proceedings to which the Company or the Bank is a party other than ordinary routine litigation incidental to their respective businesses.

In addition to the other information contained in the Quarterly Report on Form 10-Q, the follow risk factor represents material updates and additions to the risk factors previously disclosed in our Annual report on Form 10-K for the fiscal year ended December 31, 2015as filed with the Securities and Exchange Commission. Additional risks not presently know to us, or that we currently deem immaterial may also adversely affect our business, financial condition or results of operations. Further, to the extent that any of the information contained in this Quarterly Report on Form 10-Q constitutes forward-looking statements, the risk factor set forth below also is a cautionary statement identifying important factors that could cause our actual results to differ materially from those expressed in any forward looking statements made by or on behalf of us.

A new accounting standard may require us to increase our allowance for loan losses and may have a material adverse effect on our financial condition and results of operations.

The Financial Accounting Standards Board has adopted Accounting Standard Update 2016-13, which will be effective for Ben Franklin Financial, Inc. and Ben Franklin Bank of Illinois for our first quarter of 2020. This standard , often referred to as “CECL” (reflecting ac current expected credit loss model), will require companies to recognize an allowance for credit losses based on estimates of losses expected to be realized over the contractual lives of the loans. Under current U.S .GAAP, companies generally recognize credit losses only when it is probable that a loss has been incurred as of the balance sheet date. The new standard will require us to collect and review increased types and amounts of data for us to determine the appropriate level of allowance for loan losses, and may require us to increase our allowance for loan losses. Any increase in our allowance for loan losses or expenses incurred to determine the appropriate level of the allowance for loan losses and have a material adverse effect on our financial condition and results of operations. We are currently evaluating the impact of adopting this standard on our consolidated financial statements.

On July 15, 2016, the Company repurchased 1,920 shares of its common stock at a price of $11.00 per share for a total of $21,120.  The shares purchased represent the distribution to terminated ESOP participants who exercised their put option under the ESOP plan document.  The Company then retired the shares which were returned to authorized but unissued common stock.  The price was determine by an appraisal as required by the ESOP plan document.

33

Not Applicable

Not Applicable

Not Applicable

(a) Exhibits

31.1 Rule 13(a) – 14(a) Certification (Chief Executive Officer)

31.2 Rule 13(a) – 14(a) Certification (Chief Financial Officer)

32.1 Section 1350 Certification (Chief Executive Officer and Chief Financial Officer)

101 Interactive data files pursuant to Rule 405 of Regulation S-T: (i) the Consolidated Balance Sheets as of September 30, 2016 and December 31, 2015, (ii) the Consolidated Statements of Income for the three and nine months ended September 30, 2016 and 2015, (iii) the Consolidated Statements of Comprehensive Income for the three and nine months ended September 30, 2016 and 2015, (iv) the Consolidated Statements of Cash Flows for the nine months ended September 30, 2016 and 2015, and (v) the notes to the Consolidated Financial Statements

101.INS   XBRL Instance Document

101.SCH XBRL Taxonomy Extension Schema Document

101.CAL XBRL Taxonomy Extension Calculation Linkbase Document

101.LAB XBRL Taxonomy Extension Label Linkbase Document

101.PRE XBRL Taxonomy Extension Presentation Linkbase Document

101.DEF XBRL Taxonomy Extension Definition Linkbase Document

34

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.

	BEN FRANKLIN FINANCIAL, INC. (Registrant)
Date: November 10, 2016		/s/ C. Steven Sjogren
		C. Steven Sjogren
		President and Chief Executive Officer

Date: November 10, 2016	/s/ Glen A. Miller
	Glen A. Miller
	Senior Vice President and Chief Financial Officer

35

EX-31.1

Exhibit 31.1

Certification of Chief Executive Officer

Pursuant to Section 302 of the Sarbanes-Oxley Act of 2002

I, C. Steven Sjogren, certify that:

1. I have reviewed this Quarterly Report on Form 10-Q of Ben Franklin Financial, Inc.;

2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

3. Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;

4. The registrant’s other certifying officer and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15(d)-15(f)) for the registrant and have:

a) designed such disclosure controls and procedures or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

b) designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

c) evaluated the effectiveness of the registrant’s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and

d) disclosed in this report any change in the registrant’s internal control over financial reporting that occurred during the registrant’s most recent fiscal period that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting;

5. The registrant’s other certifying officer and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant’s auditors and the audit committee of the registrant’s board of directors (or persons performing the equivalent functions):

a) all significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant’s ability to record, process, summarize and report financial information; and

b) any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant’s internal control over financial reporting:

November 10, 2016	/s/ C. Steven Sjogren
Date	C. Steven Sjogren
	Chairman, President and Chief Executive Officer

EX-31.2

Exhibit 31.2

Certification of Chief Financial Officer

Pursuant to Section 302 of the Sarbanes-Oxley Act of 2002

I, Glen A. Miller, certify that:

1 I have reviewed this Quarterly Report on Form 10-Q of Ben Franklin Financial, Inc.;

2 Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

3 Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;

4 The registrant’s other certifying officer and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15(d)-15(f)) for the registrant and have:

a) designed such disclosure controls and procedures or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

b) designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

c) evaluated the effectiveness of the registrant’s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and

d) disclosed in this report any change in the registrant’s internal control over financial reporting that occurred during the registrant’s most recent fiscal period that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting;

5 The registrant’s other certifying officer and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant’s auditors and the audit committee of the registrant’s board of directors (or persons performing the equivalent functions):

a) all significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant’s ability to record, process, summarize and report financial information; and

b) any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant’s internal control over financial reporting:

November 10, 2016	/s/ Glen A. Miller
Date	Glen A. Miller
	Senior Vice President and Chief Financial Officer

EX-32.1

Exhibit 32.1

CERTIFICATION PURSUANT TO

18 U.S.C. SECTION 1350,

AS ADOPTED PURSUANT TO SECTION 906

OF THE SARBANES-OXLEY ACT OF 2002

In connection with the quarterly report of Ben Franklin Financial, Inc. (the “Company”) on Form 10-Q for the quarter ended September 30, 2016 as filed with the Securities and Exchange Commission on the date hereof (the “Report”), I, C. Steven Sjogren, President and Chief Executive Officer of the Company, certify, pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, that:

(1) The Report fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934, as amended; and

(2) The information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of the Company.

Date: November 10, 2016

/s/ C. Steven Sjogren

C. Steven Sjogren

President and Chief Executive Officer

/s/ Glen A. Miller

Glen A. Miller

Sr. Vice President and Chief Financial Officer

XML

Document and Entity Information - shares	9 Months Ended
	Sep. 30, 2016	Nov. 10, 2016
Document And Entity Information [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Sep. 30, 2016
Document Fiscal Year Focus	2016
Document Fiscal Period Focus	Q3
Trading Symbol	BFFI
Entity Registrant Name	BEN FRANKLIN FINANCIAL, INC.
Entity Central Index Key	0001618798
Current Fiscal Year End Date	--12-31
Entity Filer Category	Smaller Reporting Company
Entity Common Stock, Shares Outstanding		694,419

XML

Consolidated Statements of Financial Condition - USD ($) $ in Thousands	Sep. 30, 2016	Dec. 31, 2015
ASSETS
Cash and due from banks	$ 758	$ 958
Interest-earning deposit accounts and federal funds sold	9,000	8,307
Cash and cash equivalents	9,758	9,265
Certificates of deposit in other financial institutions	3,920	4,635
Securities available for sale at fair value	7,501	10,484
Loans receivable, net (allowance for loan losses: $962; at September 30, 2016—$991 at December 31, 2015)	55,572	57,536
Federal Home Loan Bank stock	921	921
Premises and equipment, net	1,207	475
Repossessed assets, net	701	476
Accrued interest receivable	186	185
Other assets	103	80
Total assets	79,869	84,057
Liabilities
Demand deposits-non-interest-bearing	4,485	4,569
Demand deposits-interest-bearing	8,690	9,733
Savings deposits	12,339	10,932
Money market deposits	11,834	13,165
Certificates of deposit	33,188	35,158
Total deposits	70,536	73,557
Advances from borrowers for taxes and insurance	262	559
Other liabilities	366	387
Common stock in ESOP subject to contingent purchase obligation	179	155
Total liabilities	71,343	74,658
Stockholders' equity
Preferred stock, no par value; 1,000,000 authorized shares; no shares issued and outstanding
Common stock, par value $0.01 per share; authorized 20,000,000 shares; issued and outstanding shares – 694,419 at September 30, 2016 and 696,339 at December 31, 2015	7	7
Additional paid-in-capital	10,267	10,308
Retained deficit	(1,067)	(177)
Unearned Employee Stock Ownership Plan (ESOP) shares	(516)	(563)
Accumulated other comprehensive income	14	(21)
Reclassification of ESOP shares	(179)	(155)
Total equity	8,526	9,399
Total liabilities and stockholders' equity	$ 79,869	$ 84,057

XML

Consolidated Statements of Financial Condition (Parenthetical) - USD ($) $ in Thousands	Sep. 30, 2016	Dec. 31, 2015
Statement of Financial Position [Abstract]
Loans receivable, net of allowance for loan losses	$ 962	$ 991
Preferred stock, par value
Preferred stock, shares authorized	1,000,000	1,000,000
Preferred stock, shares issued	0	0
Preferred stock, shares outstanding	0	0
Common stock, par value	$ 0.01	$ 0.01
Common stock, shares authorized	20,000,000	20,000,000
Common stock, shares issued	694,419	696,339
Common stock, shares outstanding	694,419	696,339

XML

Consolidated Statements of Operations - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2016	Sep. 30, 2015
Interest income
Loans	$ 705	$ 708	$ 2,046	$ 2,116
Securities	30	36	102	95
Federal funds sold and interest earning deposit accounts	21	16	64	35
Total interest income	756	760	2,212	2,246
Interest expense
Deposits	81	92	238	278
Total interest expense	81	92	238	278
Net interest income	675	668	1,974	1,968
Provision (credit) for loan losses	(95)	55	(128)	55
Net interest income after provision for loan losses	770	613	2,102	1,913
Non-interest income
Service fee income	17	21	54	58
Gain on sale of repossessed assets, net		141		175
Other	8	26	32	57
Total non-interest income	25	188	86	290
Non-interest expense
Compensation and employee benefits	422	478	1,288	1,460
Occupancy and equipment	179	160	486	473
Data processing services	78	78	237	245
Professional fees	133	104	417	327
FDIC insurance premiums	43	46	130	139
Repossessed asset expenses, net	79	3	117	71
Other	138	84	425	290
Total operating expenses	1,072	953	3,100	3,005
Loss before income taxes	(277)	(152)	(912)	(802)
Income tax (benefit)	3	(10)	(22)	(15)
Net loss	$ (280)	$ (142)	$ (890)	$ (787)
Loss per common share basic and diluted	$ (0.42)	$ (0.22)	$ (1.35)	$ (1.19)

XML

Consolidated Statements of Comprehensive Loss - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2016	Sep. 30, 2015
Statement of Comprehensive Income [Abstract]
Net loss	$ (280)	$ (142)	$ (890)	$ (787)
Other comprehensive income (loss)
Unrealized holding gains (losses) arising during the period	(8)	25	57	39
Tax effect	3	(10)	(22)	(15)
Net of tax	(5)	15	35	24
Comprehensive loss	$ (285)	$ (127)	$ (855)	$ (763)

XML

Consolidated Statements of Changes in Stockholders' Equity - USD ($) $ in Thousands	Total	Common Stock [Member]	Additional Paid-In Capital [Member]	Treasury Stock [Member]	Retained Earnings (Deficit) [Member]	Unearned ESOP Shares [Member]	Accumulated Other Comprehensive Income [Member]	Amount Reclassified on ESOP Shares [Member]
Balance at Dec. 31, 2014	$ 8,179	$ 20	$ 8,233	$ (462)	$ 855	$ (355)	$ 2	$ (114)
Net loss	(787)				(787)
Other comprehensive income	24						24
Earned ESOP shares	25		(23)			48
Reclassification due to conversion		(13)	13
Net proceeds from common stock offering	2,504		2,504
Funds from termination of MHC	50		50
Addition to ESOP due to conversion	(273)					(273)
Retirement of treasury stock due to conversion			(462)	462
Reclassification due to change in fair value of common stock in ESOP subject to contingent repurchase obligation	(47)							(47)
Balance at Sep. 30, 2015	9,675	7	10,315		68	(580)	26	(161)
Balance at Dec. 31, 2014	8,179	20	8,233	$ (462)	855	(355)	2	(114)
Net loss	(1,032)
Balance at Dec. 31, 2015	9,399	7	10,308		(177)	(563)	(21)	(155)
Net loss	(890)				(890)
Other comprehensive income	35						35
Earned ESOP shares	27		(20)			47
Purchase of common stock	$ (21)		(21)
Purchase of common stock (in shares)	(1,920)
Reclassification due to change in fair value of common stock in ESOP subject to contingent repurchase obligation	$ (24)							(24)
Balance at Sep. 30, 2016	$ 8,526	$ 7	$ 10,267		$ (1,067)	$ (516)	$ 14	$ (179)

XML

Consolidated Statements of Cash Flows - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2016	Sep. 30, 2015
Cash flows from operating activities
Net loss	$ (890)	$ (787)
Adjustments to reconcile net loss to net cash from operating activities
Depreciation	88	81
ESOP and other stock based compensation, net	27	25
(Provision) credit for loan losses	(128)	55
Write-down of repossessed assets	68	14
Gain on sale of repossessed assets		(175)
Changes in:
Deferred loan costs	14	(8)
Accrued interest receivable	(1)
Other assets	(45)	1,102
Other liabilities	(21)	(181)
Net cash from operating activities	(888)	126
Cash flows from investing activities
Principal repayments on mortgage-backed securities	79	87
Calls and maturities of securities available for sale	8,000	5,000
Maturities of certificates of deposit in other financial institutions	3,655	490
Purchase of securities available for sale	(5,039)	(8,000)
Purchase of certificates of deposit in other financial institutions	(2,940)	(5,860)
Net decrease in loans	1,785	3,707
Sales of repossessed assets		540
Expenditures for premises and equipment	(820)	(15)
Net cash from investing activities	4,720	(4,051)
Cash flows from financing activities
Net decrease in deposits	(3,021)	(5,296)
Net proceeds from common stock offering		2,231
Repurchase of ESOP shares subject to contingent repurchase obligation	(21)
Funds from termination of MHC		50
Net change in advances from borrowers for taxes and insurance	(297)	(393)
Net cash from financing activities	(3,339)	(3,408)
Net change in cash and cash equivalents	493	(7,333)
Cash and cash equivalents at beginning of year	9,265	19,014
Cash and cash equivalents at end of period	9,758	11,681
Supplemental disclosures
Interest paid	237	278
Transfers from loans to repossessed assets	$ 293	$ 351

XML

Basis of Financial Statement Presentation

9 Months Ended

Sep. 30, 2016

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Basis of Financial Statement Presentation

Note 1 – Basis of Financial Statement Presentation

The accompanying consolidated financial statements of Ben Franklin Financial, Inc. (the “Company”) and its wholly owned subsidiary Ben Franklin Bank of Illinois (the “Bank”) have been prepared in conformity with U.S. generally accepted accounting principles (“GAAP”) for interim financial information and in accordance with SEC rules and regulations. Accordingly, the statements do not include all the information and footnotes required by GAAP for complete financial statements. These interim financial statements should be read in conjunction with the consolidated financial statements and notes thereto that were included in the Company’s Annual Report for the year ended December31, 2015. All significant intercompany transactions are eliminated in consolidation. In the opinion of the Company’s management, all adjustments necessary (i)for a fair presentation of the financial statements for the interim periods included herein and (ii)to make such financial statements not misleading have been made and are of a normal and recurring nature. Interim results are not necessarily indicative of results for a full year.

In preparing the financial statements, management is required to make estimates and assumptions that affect the recorded amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses for the period. Actual results could differ from those estimates. For further information with respect to significant accounting policies followed by the Company in preparation of the financial statements, refer to the Company’s 2015 Annual Report.

The Bank is a federally chartered stock savings bank and a member of the Federal Home Loan Bank (“FHLB”) system. The Bank maintains insurance on deposit accounts with the Deposit Insurance Fund (“DIF”) of the Federal Deposit Insurance Corporation (“FDIC”).

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Recurring Losses

9 Months Ended

Sep. 30, 2016

Banking and Thrift [Abstract]

Recurring Losses

Note 2 – Recurring Losses

The Company has incurred losses since 2008. The Company recently incurred net losses of $890 for the nine months ended September30, 2016 and $1,032 during the year ended December31, 2015.The losses are largely due to declining interest earning assets and our non-interest expenses exceeding our net interest income. Non-interest expense has been impacted by the increase in our professional fees and in 2016, an operational loss not reimbursable from our insurance. Despite these losses, the Bank’s total capital to risk-based capital ratio and Tier 1 leverage capital to average assets ratio were 16.84% and 9.70% respectively, at September30, 2016.

The Company had $304 and $334 of cash at September30, 2016 and December31, 2015.The Company completed the public offering of common stock in January 2015, raising $2,504, net of $1,401 in conversion costs. The proceeds of the public stock offering were used to contribute $2,000 of additional capital to the Bank. In addition, $273 of the net proceeds were used to fund the loan to the employee stock ownership plan and approximately $314 of the net proceeds were retained by Ben Franklin Financial, Inc.

On November25, 2015 the Bank entered into a revised Consent Order (the “New Order”) with the Office of the Comptroller of the Currency (“OCC”) that reduced the Bank’s regulatory compliance burden. Concurrent with the execution of the New Order, the Bank’s prior Consent Order (the “Old Order”) entered into between the Bank and the OCC dated December19, 2012 was terminated. The New Order is comprised of two substantive articles as opposed to 12 substantive articles under the Old Order. The New Order reduced the Bank’s minimum required Tier 1 leverage capital ratio to 8% from 9% under the Old Order and its minimum total risk-based capital ratio to 12% from 13% under the Old Order. The New Order requires the Bank to revise its current capital plan to include a capital distribution policy. Additionally, the New Order requires the Bank to revise its strategic plan to identify parameters and triggers which would cause the board of directors to market the Bank for merger or sale, in the event it failed to meet the 8% and 12% capital requirements under the New Order. The New Order continues to require quarterly reporting to the OCC and board monitoring requirements. At September30, 2016 and December31, 2015 the Bank was in compliance with the required minimum ratios.

If the Bank is unable to meet the capital requirements and other requirements of the New Order, the OCC may institute other corrective measures and has enforcement powers to impose additional restrictions on the Bank’s operations, including seizure. Although management believes that it will successfully maintain the required capital ratios, there can be no assurance that they will be able to do so, nor that they will be able to comply fully with the provisions of the Order. Only the OCC has the authority to determine whether or not the provisions of the New Order have been met.

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New Accounting Standards

9 Months Ended

Sep. 30, 2016

Accounting Policies [Abstract]

New Accounting Standards

Note 3 – New Accounting Standards

In January 2016 the FASB released accounting standards update 2016-01 Recognition and Measurement of Financial Assets and Liabilities. The main provisions of the update are to eliminate the available for sale classification of accounting for equity securities and to adjust the fair value disclosures for financial instruments carried at amortized costs such that the disclosed fair values represent an exit price as opposed to an entry price. The provisions of this update will require that equity securities be carried at fair market value on the balance sheet and any periodic changes in value will be adjustments to the income statement. A practical expedient is provided for equity securities without a readily determinable fair value, such that these securities can be carried at cost less any impairment. The provisions of this update become effective for interim and annual periods beginning after December15,2017. Management does not expect the requirements of this update to have a material impact on the Company’s financial position, results of operations or cash flows.

In February 2016, the FASB issued accounting standards update 2016-02 Leases. The update requires all leases, with the exception of short-term leases that have contractual terms no greater than one year, to be recorded on the balance sheet. Under the provisions of the update, leases classified as operating will be reflected on the balance sheet with the recognition of both a right-of-use asset and a lease liability. Under the update, a distinction will exist between finance and operating type leases and the rules for determining which classification a lease will fall into are similar to existing rules. For public business entities, the amendments of this update are effective for interim and annual periods beginning after December15, 2018. The update requires a modified retrospective transition under which comparative balance sheets from the earliest historical period presented will be revised to reflect what the financials would have looked like were the provisions of the update applied consistently in all prior periods. Management has not yet determined the impacts of this update on the Company’s financial position, results of operations or cash flows.

In March 2016 the FASB issued accounting standards update 2016-09 Compensation-Stock Compensation. The purpose of the update was to simplify the accounting for share-based payment transactions, including the income tax consequences of such transactions. Under the provisions of the update the income tax consequences of excess tax benefits and deficiencies should be recognized in income tax expense in the reporting period in which the awards vest. Currently, excess tax benefits or deficiencies impact stockholders’ equity directly to the extent there is a cumulative excess tax benefit. In the event that a tax deficiency has occurred during the reporting period and a cumulative excess tax benefit does not exist, the tax deficiency is recognized in income tax expense under current GAAP. The update also provides that entities may continue to estimate forfeitures in accounting for stock based compensation or recognize them as they occur. The provisions of this update become effective for interim and annual periods beginning after December15, 2016. The update requires a modified retrospective transition under which a cumulative effect to equity will be recognized in the period of adoption. Management does not expect the requirements of this update to have a material impact on the Company’s financial position, results of operations or cash flows.

In June 2016 the FASB issued accounting standards update 2016-13 Measurement of Credit Losses on Financial Instruments. The main objective of this update is to provide financial statement users with more decision-useful information about the expected credit losses on financial instruments and other commitments to extend credit held by a reporting entity at each reporting date. To achieve this objective, the amendments in this update replace the incurred loss impairment methodology in current GAAP with a methodology that reflects expected credit losses and requires consideration of a broader range of reasonable and supportable information to inform credit loss estimates. The amendments affect entities holding financial assets and net investment in leases that are not accounted for at fair value through net income. The amendments affect loans, debt securities, trade receivables, net investments in leases, off-balance-sheet credit exposures, reinsurance receivables, and any other financial assets not excluded from the scope that have the contractual right to receive cash. The provisions of this update are effective for fiscal years beginning after December15, 2019, including interim periods within those fiscal years. Management has not yet determined the impacts of this update on the Company’s financial position, results of operations or cash flows.

In August 2016, the FASB issued accounting standards update 2016-15, Statement of Cash Flows, Classification of Certain Cash Receipts and Cash Payments. The update addresses the diversity in practice in how certain cash receipts and cash payments are presented and classified in the statement of cash flows. This update addresses eight specific cash flow issues with the objective of reducing the existing diversity in practice. The provisions of this update become effective for interim and annual periods beginning after December 15, 2017. Management does not expect the requirements of this update to have a material impact on the Company’s financial position, results of operations or cash flows.

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Securities Available for Sale

9 Months Ended

Sep. 30, 2016

Investments, Debt and Equity Securities [Abstract]

Securities Available for Sale

Note 4 – Securities Available for Sale

The amortized cost and fair value of securities available for sale and the related gross unrealized gains and losses recognized in accumulated other comprehensive income (loss) were as follows:

	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses			Fair Value
September 30, 2016
U.S. government-sponsored entities	$	6,000	$	1	$	(2	)	$	5,999
Residential mortgage-backed		1,478		24		—			1,502
Total	$	7,478	$	25	$	(2	)	$	7,501
December 31, 2015
U.S. government-sponsored entities	$	10,000	$	4	$	(65	)	$	9,939
Residential mortgage-backed		518		27		—			545
Total	$	10,518	$	31	$	(65	)	$	10,484

There were no sales of securities available-for-sale during the nine months ended September30, 2016 or 2015. There were no securities pledged to secure any of the borrowings of the Company as of September30, 2016 and December31, 2015.

The amortized cost and fair value of available-for-sale securities are shown by contractual maturity as of September30, 2016. Expected maturities may differ from contractual maturities if borrowers have the right to call or prepay obligations with or without call or prepayment penalties. Securities not due at a single maturity date are shown separately.

	September 30, 2016
	Amortized		Fair
	Cost		Value
U.S. government-sponsored entities
Within one year	$	—	$	—
One to five years		6,000		5,999
Five to ten years		—		—
Residential mortgage-backed		1,478		1,502
Total	$	7,478	$	7,501

Anticipated maturities on mortgage-backed securities are not readily determinable as borrowers have the right to prepay their obligation with or without penalties.

The following table summarizes securities with unrealized losses at September 30, 2016 and December31, 2015, aggregated by major security type and length of time in a continuous unrealized loss position.

	Less Than 12 Months					12 Months or More					Total
	Fair Value		Unrealized Loss			Fair Value		Unrealized Loss			Fair Value		Unrealized Loss
2016
U.S. government sponsored entities	$	998	$	(2	)	$	—	$	—		$	998	$	(2	)
2015
U.S. government sponsored entities	$	5,947	$	(53	)	$	988	$	(12	)	$	6,935	$	(65	)

As of September30, 2016 and December31, 2015, all of the Company’s securities available for sale were issued by U.S. government-sponsored entities and agencies which the government has affirmed its commitment to support.

Unrealized losses on securities have not been recognized into income because the issuer’s securities are of high credit quality (rated AA or higher at the time of purchase), management does not intend to sell and it is not more likely than not that management would be required to sell the securities prior to their anticipated recovery, and the decline in fair value is largely due to changes in interest rates. The fair value is expected to recover as the securities approach maturity.

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Loans

9 Months Ended

Sep. 30, 2016

Receivables [Abstract]

Loans

Note 5 – Loans

The following table sets forth the composition of our loan portfolio by segment and class, at the dates indicated.

	September 30, 2016						December 31, 2015
	Amount			Percent			Amount			Percent
	(Dollars in thousands)
First mortgage loans:
Secured by one- to four family	$	27,792			49.10	%	$	30,368			51.84	%
Secured by multi-family		7,896			13.95			7,592			12.96
Secured by commercial real estate		13,893			24.55			13,941			23.80
Secured by land		176			0.31			192			0.33
Secured by construction		218			0.39			—			—
Total first mortgage loans		49,975			88.30			52,093			88.93
Commercial, consumer and other loans:
Home equity lines-of-credit		4,967			8.78			4,574			7.81
Commercial business loans		1,199			2.12			1,112			1.90
Automobile loans		441			0.78			798			1.36
Other consumer loans		13			0.02			—			—
Total commercial, consumer and other loans		6,620			11.70			6,484			11.07
Gross loans		56,595			100.00			58,577			100.00
Premiums and net deferred loan costs		(61	)					(50	)
Allowance for loan losses		(962	)					(991	)
Total loans, net	$	55,572					$	57,536

The following table presents the activity in the allowance for loan losses by portfolio segment and class for the three and nine months ended September30, 2016 and 2015.

	First Mortgages															Commercial, Consumer and Other
	(Dollars in thousands)
	One-to-four     family			Multi- family			Commercial real estate			Land			Construction			Homeequity lines-of- credit			Commercial			Automobile			Other Consumer			Total
For the three months ended September 30, 2016
Allowance for loan losses
Beginning balance	$	309		$	134		$	413		$	5		$	5		$	76		$	13		$	26		$	—		$	981
Provision (credit) for loan losses		12			42			(128	)		—			—			(8	)		(1	)		(12	)		—			(95	)
Loans charged-off		(11	)		—			—			—			—			—			—			—			—			(11	)
Recoveries		—			—			86			—			1			—			—			—			—			87
Total ending allowance balance September 30, 2016	$	310		$	176		$	371		$	5		$	6		$	68		$	12		$	14		$	—		$	962
For the three months ended September 30, 2015
Allowance for loan losses
Beginning balance	$	462		$	185		$	375		$	6		$	7		$	86		$	7		$	54		$	—		$	1,182
Provision (credit) for loan losses		123			(16	)		(7	)		(1	)		(16	)		(17	)		—			(11	)		—			55
Loans charged-off		(284	)		—			—			—			—			—			—			—			—			(284	)
Recoveries		—			—			—			—			14			—			—			—			—			14
Total ending allowance balance September 30, 2015	$	301		$	169		$	368		$	5		$	5		$	69		$	7		$	43		$	—		$	967
For the nine months ended September 30, 2016
Allowance for loan losses
Beginning balance	$	326		$	157		$	385		$	5		$	—		$	70		$	12		$	36		$	—		$	991
Provision (credit) for loan losses		(5	)		19			(100	)		—			(18	)		(2	)		—			(22	)		—			(128	)
Loans charged-off		(11	)		—			—			—			—			—			—			—			—			(11	)
Recoveries		—			—			86			—			24			—			—			—			—			110
Total ending allowance balance September 30, 2016	$	310		$	176		$	371		$	5		$	6		$	68		$	12		$	14		$	—		$	962
For the nine months ended September 30, 2015
Allowance for loan losses
Beginning balance	$	392		$	354		$	277		$	6		$	7		$	96		$	8		$	66		$	—		$	1,206
Provision (credit) for loan losses		193			(157	)		91			(1	)		(20	)		(27	)		(1	)		(22	)		(1	)		55
Loans charged-off		(284	)		(28	)		—			—			—			—			—			(1	)		—			(313	)
Recoveries		—			—			—			—			18			—			—			—			1			19
Total ending allowance balance September 30, 2015	$	301		$	169		$	368		$	5		$	5		$	69		$	7		$	43		$	—		$	967

The following table represents the balance in the allowance for loan losses and the recorded investment in loans by portfolio segment and class based on the impaired method at the dates indicated. The recorded investment in loans excludes accrued interest and loan origination fees due to immateriality.

	Loan Balance						Allowance
	(Dollars in thousands)
	Individually Evaluatedfor Impairment		Collectively Evaluatedfor Impairment		Total Recorded Investment		Individually Evaluatedfor Impairment		Collectively Evaluatedfor Impairment		Total Recorded Investment
September 30, 2016
One-to-four-family	$	1,312	$	26,480	$	27,792	$	63	$	247	$	310
Multi-family		1,058		6,838		7,896		71		105		176
Commercial real estate		542		13,351		13,893		—		371		371
Land		—		176		176		—		5		5
Construction		—		218		218		—		6		6
Home equity lines of credit		—		4,967		4,967		—		68		68
Commercial		—		1,199		1,199		—		12		12
Automobile		—		441		441		—		14		14
Other consumer		—		13		13		—		—		—
Total	$	2,912	$	53,683	$	56,595	$	134	$	828	$	962
December 31, 2015
One-to-four-family	$	1,640	$	28,728	$	30,368	$	67	$	259	$	326
Multi-family		1,354		6,238		7,592		52		105		157
Commercial real estate		—		13,941		13,941		—		385		385
Land		—		192		192		—		5		5
Construction		—		—		—		—		—		—
Home equity lines of credit		—		4,574		4,574		—		70		70
Commercial		—		1,112		1,112		—		12		12
Automobile		—		798		798		—		36		36
Other consumer		—		—		—		—		—		—
Total	$	2,994	$	55,583	$	58,577	$	119	$	872	$	991

The following tables present information related to loans individually evaluated for impairment by class of loans as of and for the nine months ended September30, 2016 and 2015 and as of and for the year ended December31, 2015

	Unpaid Principal Balance		Recorded Investment		Allowancefor Loan Losses Allocated		Average Recorded Investment		Interest Income Recorded		CashBasis Interest Recorded
September 30, 2016
With no related allowance recorded
One-to-four-family	$	1,202	$	782	$	—	$	1,059	$	—	$	—
Multi-family		—		—		—		184		23		23
Commercial real estate		542		542		—		121		—		—
Land		—		—		—		—		—		—
Construction		—		—		—		—		—		—
Home equity line of credit		—		—		—		—		—		—
Commercial		—		—		—		—		—		—
Automobile		—		—		—		—		—		—
Other consumer		—		—		—		—		—		—
Total with no related allowance recorded		1,744		1,324		—		1,364		23		23
With an allowance recorded
One-to-four-family		530	$	530	$	63		535		19		19
Multi-family		1,058		1,058		71		1,065		31		31
Commercial real estate		—		—		—		—		—		—
Land		—		—		—		—		—		—
Construction		—		—		—		—		—		—
Home equity line of credit		—		—		—		—		—		—
Commercial		—		—		—		—		—		—
Automobile		—		—		—		—		—		—
Other consumer		—		—		—		—		—		—
Total with a related allowance recorded		1,588		1,588		134		1,600		50		50
Total	$	3,332	$	2,912	$	134	$	2,964	$	73	$	73

	Unpaid Principal Balance		Recorded Investment		Allowancefor Loan Losses Allocated		Average Recorded Investment		Interest Income Recorded		CashBasis Interest Recorded
	(Dollars in thousands)
September 30, 2015
With no related allowance recorded
One-to-four-family	$	1,523	$	1,103	$	—	$	1,020	$	—	$	—
Multi-family		798		623		—		1,329		46		46
Commercial real estate		—		—		—		—		—		—
Land		—		—		—		—		—		—
Construction		—		—		—		—		—		—
Home equity line of credit		—		—		—		—		—		—
Commercial		244		41		—		65		—		—
Automobile		—		—		—		—		—		—
Other consumer		—		—		—		—		—		—
Total with no related allowance recorded		2,565		1,767		—		2,414		46		46
With an allowance recorded
One-to-four-family		545		545		41		550		22		22
Multi-family		736		736		58		743		28		28
Commercial real estate		—		—		—		—		—		—
Land		—		—		—		—		—		—
Construction		—		—		—		—		—		—
Home equity line of credit		—		—		—		—		—		—
Commercial		—		—		—		—		—		—
Automobile		—		—		—		—		—		—
Other consumer		—		—		—		—		—		—
Total with a related allowance recorded		1,281		1,281		99		1,293		50		50
Total	$	3,846	$	3,048	$	99	$	3,707	$	96	$	96

	Unpaid Principal Balance		Recorded Investment		Allowancefor Loan Losses Allocated		Average Recorded Investment		Interest Income Recorded		CashBasis Interest Recorded
December 31, 2015
With no related allowance recorded
One-to-four-family	$	1,519	$	1,099	$	—	$	1,040	$	50	$	50
Multi-family		800		625		—		1,154		—		—
Commercial real estate		—		—		—		—		—		—
Land		—		—		—		—		—		—
Construction		—		—		—		—		—		—
Home equity line of credit		—		—		—		—		—		—
Commercial		—		—		—		49		—		—
Automobile		—		—		—		—		—		—
Other consumer		—		—		—		—		—		—
Total with no related allowance recorded		2,319		1,724		—		2,243		50		50
With an allowance recorded
One-to-four-family		541		541		67		548		26		26
Multi-family		729		729		52		740		38		38
Commercial real estate		—		—		—		—		—		—
Land		—		—		—		—		—		—
Construction		—		—		—		—		—		—
Home equity line of credit		—		—		—		—		—		—
Commercial		—		—		—		—		—		—
Automobile		—		—		—		—		—		—
Other consumer		—		—		—		—		—		—
Total with a related allowance recorded		1,270		1,270		119		1,288		64		64
Total	$	3,589	$	2,994	$	119	$	3,531	$	114	$	114

The following table presents the aging of the recorded investment in past due loans at the dates indicated by class of loans.

	30-59 Days Pastdue		60-89 Days Pastdue		Greater than 90DaysPastDue Still on Accrual		Nonaccrual		LoansNot Past Due		Total
	(Dollars in thousands)
September 30, 2016
One-to-four-family	$	—	$	—	$	—	$	782	$	27,010	$	27,792
Multi-family		—		—		—		346		7,550		7,896
Commercial real estate		—		—		—		542		13,351		13,893
Land		—		—		—		—		176		176
Construction		—		—		—		—		218		218
Home equity line of credit		—		—		—		—		4,967		4,967
Commercial		—		—		—		—		1,199		1,199
Automobile		—		—		—		—		441		441
Other consumer		—		—		—		—		13		13
Total	$	—	$	—	$	—	$	1,670	$	54,925	$	56,595
December 31, 2015
One-to-four-family	$	—	$	—	$	—	$	1,099	$	29,269	$	30,368
Multi-family		—		—		—		346		7,246		7,592
Commercial real estate		—		—		—		—		13,941		13,941
Land		—		—		—		—		192		192
Construction		—		—		—		—		—		—
Home equity line of credit		—		—		—		—		4,574		4,574
Commercial		—		—		—		—		1,112		1,112
Automobile		—		—		—		—		798		798
Other consumer		—		—		—		—		—		—
Total	$	—	$	—	$	—	$	1,445	$	57,132	$	58,577

Nonperforming loans (non-accrual and loans past due90 days and still on accrual) include both smaller balance homogeneous loans that are collectively evaluated for impairment and individually classified impaired loans.

Credit Quality Indicators

The Bank categorizes loans into risk categories based on relevant information about the ability of a borrower to service their debt such as: current financial information, historical payment experience, credit documentation, public information, and current economic trends, among other factors. The Bank analyzes loans individually by classifying the loans as to credit risk. The analysis includes the non-homogeneous loans, such as multi- family, commercial real estate, construction, and commercial loans. The analysis is performed on a quarterly basis. Homogeneous loans are monitored based on past due status of the loan. The risk category of these loans is evaluated at origination, when a loan becomes delinquent or when a borrower requests a concession.

Substandard

Loans classified as substandard are inadequately protected by the current net worth and paying capacity of the obligor or of the collateral pledged, if any. Loans so classified have a well-defined weakness or weaknesses that jeopardize the liquidation of the debt. They are characterized by the distinct possibility that the institution will sustain some loss if the deficiencies are not corrected.

Doubtful

Loans classified as doubtful have all the weaknesses inherent in those classified as substandard, with the added characteristic that the weaknesses make collection or liquidation in full, on the basis of currently existing facts, conditions, and values, highly questionable and improbable.

Loans not meeting the criteria above that are analyzed individually as part of the above described process are considered to be pass rated loans. The following table reflects the risk category by loans at the dates indicated based on the most recent analysis performed.

	Pass		Substandard		Doubtful		Total
	(Dollars in thousands)
September 30, 2016
One-to-four-family	$	27,010	$	782	$	—	$	27,792
Multi-family		7,550		346		—		7,896
Commercial real estate		13,351		542		—		13,893
Land		176		—		—		176
Construction		218		—		—		218
Home equity lines of credit		4,967		—		—		4,967
Commercial		1,199		—		—		1,199
Automobile		441		—		—		441
Other consumer		13		—		—		13
Total	$	54,925	$	1,670	$	—	$	56,595
December 31, 2015
One-to-four-family	$	29,269	$	1,099	$	—	$	30,368
Multi-family		7,246		346		—		7,592
Commercial real estate		13,941		—		—		13,941
Land		192		—		—		192
Construction		—		—		—		—
Home equity lines of credit		4,574		—		—		4,574
Commercial		1,112		—		—		1,112
Automobile		798		—		—		798
Other consumer		—		—		—		—
Total	$	57,132	$	1,445	$	—	$	58,577

Troubled Debt Restructurings

Our troubled debt restructurings totaled $1,644 at September30, 2016 and $1,964 at December31, 2015. There were no loans modified as troubled debt restructurings during the nine months ended September30, 2016 or the year ended December31, 2015.

There were two loans modified as troubled debt restructurings with a balance of $402 as of September30, 2016, which are being reported as nonaccrual. There were two loans modified as troubled debt restructurings with a balance of $415 which are being reported as nonaccrual as of December31, 2015, one of which totaling $69 is paying as agreed under the terms of the modification.

A loan is considered to be in payment default once it is 90 days contractually past due under the modified terms. During the nine months ended September30, 2016, one multi-family loan totaling $346 had payment defaults and was reported as non-accrual at September30, 2016 and December31, 2015.

The Company has allocated $134 to specific reserves on $1,587 of loans to customers whose loan terms have been modified in troubled debt restructurings as of September30, 2016. At December31, 2015, the Company has allocated $119 to specific reserves on $1,271 of loans to customers whose loan terms have been modified in troubled debt restructurings. The Company has not committed to lend additional amounts as of September30, 2016 and December31, 2015 to customers with outstanding loans that are classified as troubled debt restructurings.

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Loss Per Share

9 Months Ended

Sep. 30, 2016

Earnings Per Share [Abstract]

Loss Per Share

Note 6 – Loss Per Share

The following table presents a reconciliation of the components used to compute basic and diluted earnings (loss) per share:

	For the Three Months Ended						For the Nine Months Ended
	September 30, 2016			September 30, 2015			September 30, 2016			September 30, 2015
Net income (loss) (Dollars in thousands)	$	(280	)	$	(142	)	$	(890	)	$	(787	)
Weighted average common shares outstanding (1)		659,607			658,260			660,093			659,679
Basic and diluted income (loss) per share (1)	$	(0.42	)	$	(0.22	)	$	(1.35	)	$	(1.19	)

The outstanding options and restricted shares are considered antidilutive because of the net loss.

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Fair Value Measures

9 Months Ended

Sep. 30, 2016

Fair Value Disclosures [Abstract]

Fair Value Measures

Note 7 – Fair Value Measures

Fair value is the exchange price that would be received for an asset or paid to transfer a liability (exit price) in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants on the measurement date. There are three levels of inputs that may be used to measure fair values:

Level 1 – Quoted prices (unadjusted) for identical assets or liabilities in active markets that the entity has the ability to access as of the measurement date.

Level 2 – Significant other observable inputs other than Level 1 prices such as quoted prices for similar assets or liabilities; quoted prices in markets that are not active; or other inputs that are observable or can be corroborated by observable market data.

Level 3 – Significant unobservable inputs that reflect a company’s own assumptions about the assumptions that market participants would use in pricing an asset or liability.

The Company used the following methods and significant assumptions to estimate the fair value of each type of financial instrument:

Securities Available for Sale: The fair values of securities available-for-sale are determined by matrix pricing, which is a mathematical technique widely used in the industry to value debt securities without relying exclusively on quoted prices for the specific securities but rather by relying on the securities’ relationship to other benchmark quoted securities (Level 2 inputs).

Impaired Loans:The fair value of impaired loans with specific allocations of the allowance for loan losses is generally based on recent real estate appraisals. These appraisals may utilize a single valuation approach or a combination of approaches including comparable sales and the income approach. Adjustments are routinely made in the appraisal process by the independent appraisers to adjust for differences between the comparable sales and income data available. Such adjustments are usually significant and typically result in a Level 3 classification of the inputs for determining fair value.Non-real estate collateral may be valued using an appraisal, net book value per the borrower’s financial statements, or aging reports, adjusted or discounted based on management’s historical knowledge, changes in market conditions from the time of the valuation, and management’s expertise and knowledge of the client and client’s business, resulting in a Level 3 fair value classification.Impaired loans are evaluated on a quarterly basis for additional impairment and adjusted accordingly.

Repossessed Assets: Assets acquired through or instead of loan foreclosure are initially recorded at fair value less costs to sell when acquired, establishing a new cost basis.These assets are subsequently accounted for at lower of cost or fair value less estimated costs to sell. Fair value is commonly based on recent real estate appraisals which are updated no less frequently than annually. These appraisals may utilize a single valuation approach or a combination of approaches including comparable sales and the income approach. Adjustments are routinely made in the appraisal process by the independent appraisers to adjust for differences between the comparable sales and income data available. Such adjustments are usually significant and typically result in a Level 3 classification of the inputs for determining fair value.Other real estate owned properties are evaluated on a quarterly basis for additional impairment and adjusted accordingly.

Appraisals for both collateral-dependent impaired loans and other real estate owned are performed by certified appraisers whose qualifications and licenses have been reviewed and verified by the Company.Once received, management reviews the assumptions and approaches utilized in the appraisal as well as the overall resulting fair value in comparison with independent data sources such as recent market data or industry-wide statistics.Upon sale of collateral, the Company compares the actual selling price of collateral that has been sold to the most recent appraised value to determine what additional adjustment should be made to the appraisal value to arrive at fair value for the remaining assets carried at fair value.

Assets Measured on a Recurring Basis

Assets measured at fair value on a recurring basis are summarized below:

			Fair Value Measurements Using
	Balance		QuotedPricesin ActiveMarketsfor Identical Assets (Level 1)		Significant Other Observable Inputs (Level2)		Significant Unobservable Inputs (Level3)
September 30, 2016
Assets
Securities available for sale
U.S. government-sponsored entities	$	5,999	$	—	$	5,999	$	—
Residential mortgaged-backed		1,502		—		1,502		—
	$	7,501	$	—	$	7,501	$	—
December 31, 2015
Assets
Securities available for sale
U.S. government-sponsored entities	$	9,939	$	—	$	9,939	$	—
Residential mortgaged-backed		545		—		545		—
	$	10,484	$	—	$	10,484	$	—

There were no transfers between Level 1, Level 2, and Level 3 during the nine-months ended September30, 2016 or the year ended December31, 2015.

Assets Measured on a Non-Recurring Basis

Assets measured at fair value on a non-recurring basis are summarized below:

			Fair Value Measurements Using
	Balance		QuotedPricesin ActiveMarketsfor Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)
September 30, 2016
Assets
Impaired loans
One-to-four-family	$	725	$	—	$	—	$	725
Multi-family		987		—		—		987
Total impaired loans	$	1,712	$	—	$	—	$	1,712
Repossessed assets
One-to-four-family	$	293	$	—	$	—	$	293
Commercial real estate		321		—		—		321
Land		87		—		—		87
Total repossessed assets	$	701	$	—	$	—	$	701
December 31, 2015
Assets
Impaired loans
One-to-four-family	$	725	$	—	$	—	$	725
Multi-family		677		—		—		677
Total impaired loans	$	1,402	$	—	$	—	$	1,402
Repossessed assets
Land	$	87		—		—	$	87
Total repossessed assets	$	87	$	—	$	—	$	87

Impaired loans, which are measured for impairment using the fair value of the collateral (less cost to sell) for collateral dependent loans, had an aggregate balance of $1,783 with a $71 valuation allowance at September30, 2016 and an aggregate balance of $1,454 with a $52 valuation allowance at December31, 2015. The impaired loans resulted in no provision for loan losses for the three and nine months ended September30, 2016 and 2015.

Repossessed assets, consisting of other real estate owned, are measured at the lower of cost or fair value less costs to sell. Repossessed assets were carried at $701 at September30, 2016 consisting of the cost basis and of $947 and a valuation allowance of $246. Repossessed assets were carried at $87 at December 31, 2015 consisting of the cost basis and of  $101 and a valuation allowance of $14.  There was $68 of write-downs on repossessed assets for the three and nine months ended September 30, 2016 and $14 for the three and nine months ended September 30, 2015.

The following table presents quantitative information about level 3 fair value measurements for financial instruments measured at fair value on a non-recurring basis at September30, 2016 and December31, 2015:

September30, 2016

	Fair Value		Valuation Technique	Unobservable Inputs	Range
Impaired loans
One-to-four-family	$	725	Sales comparison approach	Adjustment for differences between the comparable sales		(17.0%)– 8.7%
Multi-family	$	987	Sales comparison approach	Adjustment for differences between the comparable sales		(1.9%)– 2.6%
Other real estate owned
One-to-four-family	$	293	Sales comparison approach	Adjustment for differences between the comparable sales		(4.4%) – 2.4%
Commercial real estate	$	321	Sales comparison approach	Adjustment for differences between the comparable sales		(23.6%) – 16.7%
Land	$	87	Sales comparison approach	Adjustment for differences between the comparable sales		(8.0%)– 86.0%
December 31, 2015
	Fair Value		Valuation Technique	Unobservable Inputs	Range
Impaired loans
One-to-four-family	$	725	Sales comparison approach	Adjustment for differences between the comparable sales		(9.9%)– 14.1%
Multi-family	$	677	Sales comparison approach	Adjustment for differences between the comparable sales		(6.7%)– 13.2%
Other real estate owned
Land	$	87	Sales comparison approach	Adjustment for differences between the comparable sales		(11.6%)– 31.0%

The carrying amounts and estimated fair values of the Company’s financial instruments are as follows:

			Fair Value Measurements at
			September 30, 2016 (Unaudited) Using:
	Carrying Amount		Level 1		Level 2		Level 3		Total
Financial assets
Cash and cash equivalents	$	9,758	$	9,758	$	—	$	—	$	9,758
Certificates of deposit in other financial institutions		3,920		—		3,920		—		3,920
Securities available-for-sale		7,501		—		7,501		—		7,501
Loans receivable, net		55,572		—		—		56,029		56,029
FHLB stock		921		N/A		N/A		N/A		N/A
Accrued interest receivable		186		—		32		154		186
Financial liabilities
Demand, money market, and savings	$	37,348	$	37,348	$	—	$	—	$	37,348
Certificates of deposits		33,188		—		33,262		—		33,262
Advances by borrowers for taxes and insurance		262		262		—		—		262
Accrued interest payable		1		—		1		—		1
			Fair Value Measurements at
			December 31, 2015 Using:
	Carrying Amount		Level 1		Level 2		Level 3		Total
Financial assets
Cash and cash equivalents	$	9,265	$	9,265	$	—	$	—	$	9,265
Certificates of deposit in other financial institutions		4,635		—		4,635		—		4,635
Securities available-for-sale		10,484		—		10,484		—		10,484
Loans receivable, net		57,536		—		—		57,469		57,469
FHLB stock		921		N/A		N/A		N/A		N/A
Accrued interest receivable		185		3		20		162		185
Financial liabilities
Demand, money market, and savings	$	38,399	$	38,399	$	—	$	—	$	38,399
Certificates of deposits		35,158		—		35,024		—		35,024
Advances by borrowers for taxes and insurance		559		559		—		—		559
Accrued interest payable		—		—		—		—		—

The methods and assumptions, not previously presented, used to estimate fair values are described as follows:

(a) Cash and Cash Equivalents

The carrying amounts of cash and short-term instruments approximate fair values and are classified as Level 1

(b) Certificates of deposit in other financial institutions.

Fair values for fixed rate certificates of deposit are estimated using a discounted cash flows calculation that applies interest rates currently being offered on certificates to a schedule of aggregated expected monthly maturities on time deposits resulting in a Level 2 classification.

(c) Loans receivable, net

Fair values of loans receivable, net are estimated as follows: For variable rate loans that reprice frequently and with no significant change in credit risk, fair values are based on carrying values resulting in a Level 3

classification. Fair values for other loans are estimated using discounted cash flow analyses, using interest rates currently being offered for loans with similar terms to borrowers of similar credit quality resulting in a Level 3 classification. Impaired loans are valued at the lower of cost or fair value as described previously. The methods utilized to estimate the fair value of loans do not necessarily represent an exit price.

(d) FHLB Stock

It is not practical to determine the fair value of FHLB stock due to restrictions placed on its transferability.

(e) Accrued Interest Receivable

The carrying amount of accrued interest receivable approximates its fair value and is classified as Level 2 for securities and Level 3 for loans.

(f) Deposits

The fair values disclosed for demand deposits (e.g., interest and non-interest demand, savings, and certain types of money market accounts) are, by definition, equal to the amount payable on demand at the reporting date (i.e., their carrying amount) and are classified as Level 1. The carrying amounts of variable rate certificates of deposit approximate their fair values at the reporting date are classified as a Level 2. Fair values for fixed rate certificates of deposit are estimated using a discounted cash flows calculation that applies interest rates currently being offered on certificates to a schedule of aggregated expected monthly maturities on time deposits resulting in a Level 2 classification.

(g) Accrued Interest Payable

The carrying amount of accrued interest payable approximates its fair value and is classified as Level 2.

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Regulatory Capital Matters

9 Months Ended

Sep. 30, 2016

Banking and Thrift [Abstract]

Regulatory Capital Matters

Note 8 – Regulatory Capital Matters

The Bank is subject to various regulatory capital requirements administered by federal banking agencies. Capital adequacy guidelines and prompt corrective action regulations, involve quantitative measures of assets, liabilities, and certain off-balance-sheet items calculated under regulatory accounting practices. Capital amounts and classifications are also subject to qualitative judgments by regulators. Failure to meet capital requirements can initiate regulatory action. The final rules implementing Basel Committee on Banking Supervision’s capital guidelines for U.S. banks (Basel Ill rules) became effective for the Company on January1, 2015 with full compliance with all of the requirements being phased in over a multi-year schedule, and fully phased in by January1, 2019. The net unrealized gain or loss on available for sale securities is not included in computing regulatory capital.

Effective as of January1, 2016, financial institutions are required to maintain a capital conservation buffer to avoid restrictions on capital distributions and other payments. If a financial institution’s capital conservation buffer falls below the minimum requirement, its maximum payout amount for capital distributions and discretionary payments declines to a set percentage of eligible retained income based on the size of the buffer. The implementation of the capital conservation buffer began on January1, 2016 at the 0.625% level and will be phased in over a three-year period (increasing by 0.625% on each subsequent January1, until it reaches 2.5% on January1, 2019). As of September30, 2016, the Bank’s capital conservation buffer stood at 8.84%.

Quantitative measures established by regulation to help ensure capital adequacy require the Bank to maintain minimum amounts and ratios of total and Tier I capital as defined in the regulations to risk-weighted assets as defined and of Tier I capital to adjusted total assets as defined. To be categorized as well capitalized, the Bank must maintain minimum total risk-based, Tier I risk-based, and Tier I leverage ratios. On November25, 2015 the Bank entered into a New Order with the OCC that reduced the Bank’s regulatory compliance burden. Concurrent with the execution of the New Order, the Old Order entered into between the Bank and the OCC dated December19, 2012 was terminated. The New Order reduced the Bank’s minimum required Tier 1 leverage capital ratio to 8% from 9% under the Old Order and its minimum total risk-based capital ratio to 12% from 13% under the Old Order.

As a result of entering into the New Order to achieve and maintain specific capital levels, the Bank’s capital classification under the Prompt Corrective Action rules was “adequately capitalized” at September30, 2016 and December31, 2015. While under the New and Old Order, the Bank cannot be consider “well capitalized”.

The prompt corrective action regulations provide five classifications, including well capitalized, adequately capitalized, undercapitalized, significantly undercapitalized, and critically undercapitalized, although these terms are not used to represent overall financial condition. If undercapitalized, asset growth and expansion are limited and plans for capital restoration are required.

Actual capital levels and minimum required levels for the Bank were:

						MinimumRequired for Capital					Minimum Required
	Actual					Adequacy Purposes					By the Order
	Amount		Ratio			Amount		Ratio			Amount		Ratio
September 30, 2016
Total capital (to risk-weighted assets)	$	8,438		16.8	%	$	4,008		8.0	%	$	6,012		12.0	%
Common equity Tier 1 capital (to risk-weighted assets)		7,808		15.6			2,255		4.5			N/A		N/A
Tier 1 (core) capital (to risk-weighted assets)		7,808		15.6			3,006		6.0			N/A		N/A
Tier 1 (core) capital (to average total assets)		7,808		9.7			3,221		4.0			6,442		8.0
December 31, 2015
Total capital (to risk-weighted assets)	$	9,235		18.5	%	$	3,992		8.0	%	$	5,988		12.0	%
Common equity Tier 1 capital (to risk-weighted assets)		8,607		17.3			2,245		4.5			N/A		N/A
Tier 1 (core) capital (to risk-weighted assets)		8,607		17.3			2,994		6.0			N/A		N/A
Tier 1 (core) capital (to average total assets)		8,607		10.0			3,450		4.0			6,901		8.0

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New Accounting Standards (Policies)

9 Months Ended

Sep. 30, 2016

Accounting Policies [Abstract]

New Accounting Standards

In January 2016 the FASB released accounting standards update 2016-01 Recognition and Measurement of Financial Assets and Liabilities. The main provisions of the update are to eliminate the available for sale classification of accounting for equity securities and to adjust the fair value disclosures for financial instruments carried at amortized costs such that the disclosed fair values represent an exit price as opposed to an entry price. The provisions of this update will require that equity securities be carried at fair market value on the balance sheet and any periodic changes in value will be adjustments to the income statement. A practical expedient is provided for equity securities without a readily determinable fair value, such that these securities can be carried at cost less any impairment. The provisions of this update become effective for interim and annual periods beginning after December15,2017. Management does not expect the requirements of this update to have a material impact on the Company’s financial position, results of operations or cash flows.

In February 2016, the FASB issued accounting standards update 2016-02 Leases. The update requires all leases, with the exception of short-term leases that have contractual terms no greater than one year, to be recorded on the balance sheet. Under the provisions of the update, leases classified as operating will be reflected on the balance sheet with the recognition of both a right-of-use asset and a lease liability. Under the update, a distinction will exist between finance and operating type leases and the rules for determining which classification a lease will fall into are similar to existing rules. For public business entities, the amendments of this update are effective for interim and annual periods beginning after December15, 2018. The update requires a modified retrospective transition under which comparative balance sheets from the earliest historical period presented will be revised to reflect what the financials would have looked like were the provisions of the update applied consistently in all prior periods. Management has not yet determined the impacts of this update on the Company’s financial position, results of operations or cash flows.

In March 2016 the FASB issued accounting standards update 2016-09 Compensation-Stock Compensation. The purpose of the update was to simplify the accounting for share-based payment transactions, including the income tax consequences of such transactions. Under the provisions of the update the income tax consequences of excess tax benefits and deficiencies should be recognized in income tax expense in the reporting period in which the awards vest. Currently, excess tax benefits or deficiencies impact stockholders’ equity directly to the extent there is a cumulative excess tax benefit. In the event that a tax deficiency has occurred during the reporting period and a cumulative excess tax benefit does not exist, the tax deficiency is recognized in income tax expense under current GAAP. The update also provides that entities may continue to estimate forfeitures in accounting for stock based compensation or recognize them as they occur. The provisions of this update become effective for interim and annual periods beginning after December15, 2016. The update requires a modified retrospective transition under which a cumulative effect to equity will be recognized in the period of adoption. Management does not expect the requirements of this update to have a material impact on the Company’s financial position, results of operations or cash flows.

In June 2016 the FASB issued accounting standards update 2016-13 Measurement of Credit Losses on Financial Instruments. The main objective of this update is to provide financial statement users with more decision-useful information about the expected credit losses on financial instruments and other commitments to extend credit held by a reporting entity at each reporting date. To achieve this objective, the amendments in this update replace the incurred loss impairment methodology in current GAAP with a methodology that reflects expected credit losses and requires consideration of a broader range of reasonable and supportable information to inform credit loss estimates. The amendments affect entities holding financial assets and net investment in leases that are not accounted for at fair value through net income. The amendments affect loans, debt securities, trade receivables, net investments in leases, off-balance-sheet credit exposures, reinsurance receivables, and any other financial assets not excluded from the scope that have the contractual right to receive cash. The provisions of this update are effective for fiscal years beginning after December15, 2019, including interim periods within those fiscal years. Management has not yet determined the impacts of this update on the Company’s financial position, results of operations or cash flows.

In August 2016, the FASB issued accounting standards update 2016-15, Statement of Cash Flows, Classification of Certain Cash Receipts and Cash Payments. The update addresses the diversity in practice in how certain cash receipts and cash payments are presented and classified in the statement of cash flows. This update addresses eight specific cash flow issues with the objective of reducing the existing diversity in practice. The provisions of this update become effective for interim and annual periods beginning after December 15, 2017. Management does not expect the requirements of this update to have a material impact on the Company’s financial position, results of operations or cash flows.

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Securities Available for Sale (Tables)

9 Months Ended

Sep. 30, 2016

Investments, Debt and Equity Securities [Abstract]

Summary Available for Sale Securities

The amortized cost and fair value of securities available for sale and the related gross unrealized gains and losses recognized in accumulated other comprehensive income (loss) were as follows:

	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses			Fair Value
September 30, 2016
U.S. government-sponsored entities	$	6,000	$	1	$	(2	)	$	5,999
Residential mortgage-backed		1,478		24		—			1,502
Total	$	7,478	$	25	$	(2	)	$	7,501
December 31, 2015
U.S. government-sponsored entities	$	10,000	$	4	$	(65	)	$	9,939
Residential mortgage-backed		518		27		—			545
Total	$	10,518	$	31	$	(65	)	$	10,484

Schedule of Amortized Cost and Fair Value of Available for Sale Securities

Securities not due at a single maturity date are shown separately.

	September 30, 2016
	Amortized		Fair
	Cost		Value
U.S. government-sponsored entities
Within one year	$	—	$	—
One to five years		6,000		5,999
Five to ten years		—		—
Residential mortgage-backed		1,478		1,502
Total	$	7,478	$	7,501

Schedule of Security with Unrealized Losses

The following table summarizes securities with unrealized losses at September 30, 2016 and December31, 2015, aggregated by major security type and length of time in a continuous unrealized loss position.

	Less Than 12 Months					12 Months or More					Total
	Fair Value		Unrealized Loss			Fair Value		Unrealized Loss			Fair Value		Unrealized Loss
2016
U.S. government sponsored entities	$	998	$	(2	)	$	—	$	—		$	998	$	(2	)
2015
U.S. government sponsored entities	$	5,947	$	(53	)	$	988	$	(12	)	$	6,935	$	(65	)

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Loans (Tables)

9 Months Ended

Sep. 30, 2016

Receivables [Abstract]

Summary of Loan Receivable

The following table sets forth the composition of our loan portfolio by segment and class, at the dates indicated.

	September 30, 2016						December 31, 2015
	Amount			Percent			Amount			Percent
	(Dollars in thousands)
First mortgage loans:
Secured by one- to four family	$	27,792			49.10	%	$	30,368			51.84	%
Secured by multi-family		7,896			13.95			7,592			12.96
Secured by commercial real estate		13,893			24.55			13,941			23.80
Secured by land		176			0.31			192			0.33
Secured by construction		218			0.39			—			—
Total first mortgage loans		49,975			88.30			52,093			88.93
Commercial, consumer and other loans:
Home equity lines-of-credit		4,967			8.78			4,574			7.81
Commercial business loans		1,199			2.12			1,112			1.90
Automobile loans		441			0.78			798			1.36
Other consumer loans		13			0.02			—			—
Total commercial, consumer and other loans		6,620			11.70			6,484			11.07
Gross loans		56,595			100.00			58,577			100.00
Premiums and net deferred loan costs		(61	)					(50	)
Allowance for loan losses		(962	)					(991	)
Total loans, net	$	55,572					$	57,536

Schedule of Allowance for Loan Losses by Portfolio Segment and Class

The following table presents the activity in the allowance for loan losses by portfolio segment and class for the three and nine months ended September30, 2016 and 2015.

	First Mortgages															Commercial, Consumer and Other
	(Dollars in thousands)
	One-to-four     family			Multi- family			Commercial real estate			Land			Construction			Homeequity lines-of- credit			Commercial			Automobile			Other Consumer			Total
For the three months ended September 30, 2016
Allowance for loan losses
Beginning balance	$	309		$	134		$	413		$	5		$	5		$	76		$	13		$	26		$	—		$	981
Provision (credit) for loan losses		12			42			(128	)		—			—			(8	)		(1	)		(12	)		—			(95	)
Loans charged-off		(11	)		—			—			—			—			—			—			—			—			(11	)
Recoveries		—			—			86			—			1			—			—			—			—			87
Total ending allowance balance September 30, 2016	$	310		$	176		$	371		$	5		$	6		$	68		$	12		$	14		$	—		$	962
For the three months ended September 30, 2015
Allowance for loan losses
Beginning balance	$	462		$	185		$	375		$	6		$	7		$	86		$	7		$	54		$	—		$	1,182
Provision (credit) for loan losses		123			(16	)		(7	)		(1	)		(16	)		(17	)		—			(11	)		—			55
Loans charged-off		(284	)		—			—			—			—			—			—			—			—			(284	)
Recoveries		—			—			—			—			14			—			—			—			—			14
Total ending allowance balance September 30, 2015	$	301		$	169		$	368		$	5		$	5		$	69		$	7		$	43		$	—		$	967
For the nine months ended September 30, 2016
Allowance for loan losses
Beginning balance	$	326		$	157		$	385		$	5		$	—		$	70		$	12		$	36		$	—		$	991
Provision (credit) for loan losses		(5	)		19			(100	)		—			(18	)		(2	)		—			(22	)		—			(128	)
Loans charged-off		(11	)		—			—			—			—			—			—			—			—			(11	)
Recoveries		—			—			86			—			24			—			—			—			—			110
Total ending allowance balance September 30, 2016	$	310		$	176		$	371		$	5		$	6		$	68		$	12		$	14		$	—		$	962
For the nine months ended September 30, 2015
Allowance for loan losses
Beginning balance	$	392		$	354		$	277		$	6		$	7		$	96		$	8		$	66		$	—		$	1,206
Provision (credit) for loan losses		193			(157	)		91			(1	)		(20	)		(27	)		(1	)		(22	)		(1	)		55
Loans charged-off		(284	)		(28	)		—			—			—			—			—			(1	)		—			(313	)
Recoveries		—			—			—			—			18			—			—			—			1			19
Total ending allowance balance September 30, 2015	$	301		$	169		$	368		$	5		$	5		$	69		$	7		$	43		$	—		$	967

Summary of Allowance for Loan Losses and Recorded Investment in Loans by Portfolio Segment

The following table represents the balance in the allowance for loan losses and the recorded investment in loans by portfolio segment and class based on the impaired method at the dates indicated. The recorded investment in loans excludes accrued interest and loan origination fees due to immateriality.

	Loan Balance						Allowance
	(Dollars in thousands)
	Individually Evaluatedfor Impairment		Collectively Evaluatedfor Impairment		Total Recorded Investment		Individually Evaluatedfor Impairment		Collectively Evaluatedfor Impairment		Total Recorded Investment
September 30, 2016
One-to-four-family	$	1,312	$	26,480	$	27,792	$	63	$	247	$	310
Multi-family		1,058		6,838		7,896		71		105		176
Commercial real estate		542		13,351		13,893		—		371		371
Land		—		176		176		—		5		5
Construction		—		218		218		—		6		6
Home equity lines of credit		—		4,967		4,967		—		68		68
Commercial		—		1,199		1,199		—		12		12
Automobile		—		441		441		—		14		14
Other consumer		—		13		13		—		—		—
Total	$	2,912	$	53,683	$	56,595	$	134	$	828	$	962
December 31, 2015
One-to-four-family	$	1,640	$	28,728	$	30,368	$	67	$	259	$	326
Multi-family		1,354		6,238		7,592		52		105		157
Commercial real estate		—		13,941		13,941		—		385		385
Land		—		192		192		—		5		5
Construction		—		—		—		—		—		—
Home equity lines of credit		—		4,574		4,574		—		70		70
Commercial		—		1,112		1,112		—		12		12
Automobile		—		798		798		—		36		36
Other consumer		—		—		—		—		—		—
Total	$	2,994	$	55,583	$	58,577	$	119	$	872	$	991

Summary of Loans Individually Evaluated for Impairment by Class

The following tables present information related to loans individually evaluated for impairment by class of loans as of and for the nine months ended September30, 2016 and 2015 and as of and for the year ended December31, 2015

	Unpaid Principal Balance		Recorded Investment		Allowancefor Loan Losses Allocated		Average Recorded Investment		Interest Income Recorded		CashBasis Interest Recorded
September 30, 2016
With no related allowance recorded
One-to-four-family	$	1,202	$	782	$	—	$	1,059	$	—	$	—
Multi-family		—		—		—		184		23		23
Commercial real estate		542		542		—		121		—		—
Land		—		—		—		—		—		—
Construction		—		—		—		—		—		—
Home equity line of credit		—		—		—		—		—		—
Commercial		—		—		—		—		—		—
Automobile		—		—		—		—		—		—
Other consumer		—		—		—		—		—		—
Total with no related allowance recorded		1,744		1,324		—		1,364		23		23
With an allowance recorded
One-to-four-family		530	$	530	$	63		535		19		19
Multi-family		1,058		1,058		71		1,065		31		31
Commercial real estate		—		—		—		—		—		—
Land		—		—		—		—		—		—
Construction		—		—		—		—		—		—
Home equity line of credit		—		—		—		—		—		—
Commercial		—		—		—		—		—		—
Automobile		—		—		—		—		—		—
Other consumer		—		—		—		—		—		—
Total with a related allowance recorded		1,588		1,588		134		1,600		50		50
Total	$	3,332	$	2,912	$	134	$	2,964	$	73	$	73

	Unpaid Principal Balance		Recorded Investment		Allowancefor Loan Losses Allocated		Average Recorded Investment		Interest Income Recorded		CashBasis Interest Recorded
	(Dollars in thousands)
September 30, 2015
With no related allowance recorded
One-to-four-family	$	1,523	$	1,103	$	—	$	1,020	$	—	$	—
Multi-family		798		623		—		1,329		46		46
Commercial real estate		—		—		—		—		—		—
Land		—		—		—		—		—		—
Construction		—		—		—		—		—		—
Home equity line of credit		—		—		—		—		—		—
Commercial		244		41		—		65		—		—
Automobile		—		—		—		—		—		—
Other consumer		—		—		—		—		—		—
Total with no related allowance recorded		2,565		1,767		—		2,414		46		46
With an allowance recorded
One-to-four-family		545		545		41		550		22		22
Multi-family		736		736		58		743		28		28
Commercial real estate		—		—		—		—		—		—
Land		—		—		—		—		—		—
Construction		—		—		—		—		—		—
Home equity line of credit		—		—		—		—		—		—
Commercial		—		—		—		—		—		—
Automobile		—		—		—		—		—		—
Other consumer		—		—		—		—		—		—
Total with a related allowance recorded		1,281		1,281		99		1,293		50		50
Total	$	3,846	$	3,048	$	99	$	3,707	$	96	$	96

	Unpaid Principal Balance		Recorded Investment		Allowancefor Loan Losses Allocated		Average Recorded Investment		Interest Income Recorded		CashBasis Interest Recorded
December 31, 2015
With no related allowance recorded
One-to-four-family	$	1,519	$	1,099	$	—	$	1,040	$	50	$	50
Multi-family		800		625		—		1,154		—		—
Commercial real estate		—		—		—		—		—		—
Land		—		—		—		—		—		—
Construction		—		—		—		—		—		—
Home equity line of credit		—		—		—		—		—		—
Commercial		—		—		—		49		—		—
Automobile		—		—		—		—		—		—
Other consumer		—		—		—		—		—		—
Total with no related allowance recorded		2,319		1,724		—		2,243		50		50
With an allowance recorded
One-to-four-family		541		541		67		548		26		26
Multi-family		729		729		52		740		38		38
Commercial real estate		—		—		—		—		—		—
Land		—		—		—		—		—		—
Construction		—		—		—		—		—		—
Home equity line of credit		—		—		—		—		—		—
Commercial		—		—		—		—		—		—
Automobile		—		—		—		—		—		—
Other consumer		—		—		—		—		—		—
Total with a related allowance recorded		1,270		1,270		119		1,288		64		64
Total	$	3,589	$	2,994	$	119	$	3,531	$	114	$	114

Summary of Aging of Recorded Investment in Past Due Loans

The following table presents the aging of the recorded investment in past due loans at the dates indicated by class of loans.

	30-59 Days Pastdue		60-89 Days Pastdue		Greater than 90DaysPastDue Still on Accrual		Nonaccrual		LoansNot Past Due		Total
	(Dollars in thousands)
September 30, 2016
One-to-four-family	$	—	$	—	$	—	$	782	$	27,010	$	27,792
Multi-family		—		—		—		346		7,550		7,896
Commercial real estate		—		—		—		542		13,351		13,893
Land		—		—		—		—		176		176
Construction		—		—		—		—		218		218
Home equity line of credit		—		—		—		—		4,967		4,967
Commercial		—		—		—		—		1,199		1,199
Automobile		—		—		—		—		441		441
Other consumer		—		—		—		—		13		13
Total	$	—	$	—	$	—	$	1,670	$	54,925	$	56,595
December 31, 2015
One-to-four-family	$	—	$	—	$	—	$	1,099	$	29,269	$	30,368
Multi-family		—		—		—		346		7,246		7,592
Commercial real estate		—		—		—		—		13,941		13,941
Land		—		—		—		—		192		192
Construction		—		—		—		—		—		—
Home equity line of credit		—		—		—		—		4,574		4,574
Commercial		—		—		—		—		1,112		1,112
Automobile		—		—		—		—		798		798
Other consumer		—		—		—		—		—		—
Total	$	—	$	—	$	—	$	1,445	$	57,132	$	58,577

Summary of Loans Classified by Risk Category

The following table reflects the risk category by loans at the dates indicated based on the most recent analysis performed.

	Pass		Substandard		Doubtful		Total
	(Dollars in thousands)
September 30, 2016
One-to-four-family	$	27,010	$	782	$	—	$	27,792
Multi-family		7,550		346		—		7,896
Commercial real estate		13,351		542		—		13,893
Land		176		—		—		176
Construction		218		—		—		218
Home equity lines of credit		4,967		—		—		4,967
Commercial		1,199		—		—		1,199
Automobile		441		—		—		441
Other consumer		13		—		—		13
Total	$	54,925	$	1,670	$	—	$	56,595
December 31, 2015
One-to-four-family	$	29,269	$	1,099	$	—	$	30,368
Multi-family		7,246		346		—		7,592
Commercial real estate		13,941		—		—		13,941
Land		192		—		—		192
Construction		—		—		—		—
Home equity lines of credit		4,574		—		—		4,574
Commercial		1,112		—		—		1,112
Automobile		798		—		—		798
Other consumer		—		—		—		—
Total	$	57,132	$	1,445	$	—	$	58,577

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Loss Per Share (Tables)

9 Months Ended

Sep. 30, 2016

Earnings Per Share [Abstract]

Schedule of Reconciliation of Components Used to Compute Basic and Diluted Earnings (Loss) Per Share

The following table presents a reconciliation of the components used to compute basic and diluted earnings (loss) per share:

	For the Three Months Ended						For the Nine Months Ended
	September 30, 2016			September 30, 2015			September 30, 2016			September 30, 2015
Net income (loss) (Dollars in thousands)	$	(280	)	$	(142	)	$	(890	)	$	(787	)
Weighted average common shares outstanding (1)		659,607			658,260			660,093			659,679
Basic and diluted income (loss) per share (1)	$	(0.42	)	$	(0.22	)	$	(1.35	)	$	(1.19	)

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Fair Value Measures (Tables)

9 Months Ended

Sep. 30, 2016

Fair Value Disclosures [Abstract]

Summary of Assets Measured at Fair Value on Recurring Basis

Assets measured at fair value on a recurring basis are summarized below:

			Fair Value Measurements Using
	Balance		QuotedPricesin ActiveMarketsfor Identical Assets (Level 1)		Significant Other Observable Inputs (Level2)		Significant Unobservable Inputs (Level3)
September 30, 2016
Assets
Securities available for sale
U.S. government-sponsored entities	$	5,999	$	—	$	5,999	$	—
Residential mortgaged-backed		1,502		—		1,502		—
	$	7,501	$	—	$	7,501	$	—
December 31, 2015
Assets
Securities available for sale
U.S. government-sponsored entities	$	9,939	$	—	$	9,939	$	—
Residential mortgaged-backed		545		—		545		—
	$	10,484	$	—	$	10,484	$	—

There were no transfers between Level 1, Level 2, and Level 3 during the nine-months ended September30, 2016 or the year ended December31, 2015.

Summary of Assets Measured at Fair Value on Non-Recurring Basis

Assets measured at fair value on a non-recurring basis are summarized below:

			Fair Value Measurements Using
	Balance		QuotedPricesin ActiveMarketsfor Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)
September 30, 2016
Assets
Impaired loans
One-to-four-family	$	725	$	—	$	—	$	725
Multi-family		987		—		—		987
Total impaired loans	$	1,712	$	—	$	—	$	1,712
Repossessed assets
One-to-four-family	$	293	$	—	$	—	$	293
Commercial real estate		321		—		—		321
Land		87		—		—		87
Total repossessed assets	$	701	$	—	$	—	$	701
December 31, 2015
Assets
Impaired loans
One-to-four-family	$	725	$	—	$	—	$	725
Multi-family		677		—		—		677
Total impaired loans	$	1,402	$	—	$	—	$	1,402
Repossessed assets
Land	$	87		—		—	$	87
Total repossessed assets	$	87	$	—	$	—	$	87

Quantitative Information about Level 3 Fair Value Measurements for Financial Instruments Measured at Fair Value on a Non-recurring Basis

The following table presents quantitative information about level 3 fair value measurements for financial instruments measured at fair value on a non-recurring basis at September30, 2016 and December31, 2015:

September30, 2016

	Fair Value		Valuation Technique	Unobservable Inputs	Range
Impaired loans
One-to-four-family	$	725	Sales comparison approach	Adjustment for differences between the comparable sales		(17.0%)– 8.7%
Multi-family	$	987	Sales comparison approach	Adjustment for differences between the comparable sales		(1.9%)– 2.6%
Other real estate owned
One-to-four-family	$	293	Sales comparison approach	Adjustment for differences between the comparable sales		(4.4%) – 2.4%
Commercial real estate	$	321	Sales comparison approach	Adjustment for differences between the comparable sales		(23.6%) – 16.7%
Land	$	87	Sales comparison approach	Adjustment for differences between the comparable sales		(8.0%)– 86.0%
December 31, 2015
	Fair Value		Valuation Technique	Unobservable Inputs	Range
Impaired loans
One-to-four-family	$	725	Sales comparison approach	Adjustment for differences between the comparable sales		(9.9%)– 14.1%
Multi-family	$	677	Sales comparison approach	Adjustment for differences between the comparable sales		(6.7%)– 13.2%
Other real estate owned
Land	$	87	Sales comparison approach	Adjustment for differences between the comparable sales		(11.6%)– 31.0%

Carrying Amounts and Estimated Fair Values of Company's Financial Instruments

The carrying amounts and estimated fair values of the Company’s financial instruments are as follows:

			Fair Value Measurements at
			September 30, 2016 (Unaudited) Using:
	Carrying Amount		Level 1		Level 2		Level 3		Total
Financial assets
Cash and cash equivalents	$	9,758	$	9,758	$	—	$	—	$	9,758
Certificates of deposit in other financial institutions		3,920		—		3,920		—		3,920
Securities available-for-sale		7,501		—		7,501		—		7,501
Loans receivable, net		55,572		—		—		56,029		56,029
FHLB stock		921		N/A		N/A		N/A		N/A
Accrued interest receivable		186		—		32		154		186
Financial liabilities
Demand, money market, and savings	$	37,348	$	37,348	$	—	$	—	$	37,348
Certificates of deposits		33,188		—		33,262		—		33,262
Advances by borrowers for taxes and insurance		262		262		—		—		262
Accrued interest payable		1		—		1		—		1
			Fair Value Measurements at
			December 31, 2015 Using:
	Carrying Amount		Level 1		Level 2		Level 3		Total
Financial assets
Cash and cash equivalents	$	9,265	$	9,265	$	—	$	—	$	9,265
Certificates of deposit in other financial institutions		4,635		—		4,635		—		4,635
Securities available-for-sale		10,484		—		10,484		—		10,484
Loans receivable, net		57,536		—		—		57,469		57,469
FHLB stock		921		N/A		N/A		N/A		N/A
Accrued interest receivable		185		3		20		162		185
Financial liabilities
Demand, money market, and savings	$	38,399	$	38,399	$	—	$	—	$	38,399
Certificates of deposits		35,158		—		35,024		—		35,024
Advances by borrowers for taxes and insurance		559		559		—		—		559
Accrued interest payable		—		—		—		—		—

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Regulatory Capital Matters (Tables)

9 Months Ended

Sep. 30, 2016

Banking and Thrift [Abstract]

Actual Capital Levels and Minimum Required Levels for Bank

Actual capital levels and minimum required levels for the Bank were:

						MinimumRequired for Capital					Minimum Required
	Actual					Adequacy Purposes					By the Order
	Amount		Ratio			Amount		Ratio			Amount		Ratio
September 30, 2016
Total capital (to risk-weighted assets)	$	8,438		16.8	%	$	4,008		8.0	%	$	6,012		12.0	%
Common equity Tier 1 capital (to risk-weighted assets)		7,808		15.6			2,255		4.5			N/A		N/A
Tier 1 (core) capital (to risk-weighted assets)		7,808		15.6			3,006		6.0			N/A		N/A
Tier 1 (core) capital (to average total assets)		7,808		9.7			3,221		4.0			6,442		8.0
December 31, 2015
Total capital (to risk-weighted assets)	$	9,235		18.5	%	$	3,992		8.0	%	$	5,988		12.0	%
Common equity Tier 1 capital (to risk-weighted assets)		8,607		17.3			2,245		4.5			N/A		N/A
Tier 1 (core) capital (to risk-weighted assets)		8,607		17.3			2,994		6.0			N/A		N/A
Tier 1 (core) capital (to average total assets)		8,607		10.0			3,450		4.0			6,901		8.0

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Recurring Losses - Additional Information (Detail) - USD ($) $ in Thousands	1 Months Ended	3 Months Ended		9 Months Ended		12 Months Ended
	Jan. 31, 2015	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2016	Sep. 30, 2015	Dec. 31, 2015	Nov. 25, 2015
Recurring Losses [Line Items]
Net loss		$ (280)	$ (142)	$ (890)	$ (787)	$ (1,032)
Total risk-based capital ratio		16.80%		16.80%		18.50%
Tier 1 leverage capital to average assets ratio		9.70%		9.70%		10.00%
Cash balance		$ 304		$ 304		$ 334
Common stock public offering, net	$ 2,504				$ 2,231
Conversion costs	1,401
Parent Company [Member]
Recurring Losses [Line Items]
Additional capital contribution	$ 2,000
Payments to fund loans for ESOP				273
Net proceeds retained by company				$ 314
New Consent Order [Member] | Minimum [Member]
Recurring Losses [Line Items]
Total risk-based capital ratio							12.00%
Tier 1 leverage capital to average assets ratio							8.00%
Old Consent Order [Member] | Minimum [Member]
Recurring Losses [Line Items]
Total risk-based capital ratio							13.00%
Tier 1 leverage capital to average assets ratio							9.00%

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Securities Available for Sale - Summary Available-for-Sale Securities (Detail) - USD ($) $ in Thousands	Sep. 30, 2016	Dec. 31, 2015
Schedule of Available-for-sale Securities [Line Items]
Amortized Cost	$ 7,478	$ 10,518
Gross Unrealized Gains	25	31
Gross Unrealized Losses	(2)	(65)
Fair Value	7,501	10,484
U.S. Government-Sponsored Entities [Member]
Schedule of Available-for-sale Securities [Line Items]
Amortized Cost	6,000	10,000
Gross Unrealized Gains	1	4
Gross Unrealized Losses	(2)	(65)
Fair Value	5,999	9,939
Residential Mortgage-Backed [Member]
Schedule of Available-for-sale Securities [Line Items]
Amortized Cost	1,478	518
Gross Unrealized Gains	24	27
Fair Value	$ 1,502	$ 545

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Securities Available for Sale - Additional Information (Detail) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2016	Sep. 30, 2015	Dec. 31, 2015
Available-for-sale Securities [Abstract]
Available for sale securities, sale proceeds	$ 0	$ 0
Securities pledged to secure borrowings	$ 0		$ 0

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Securities Available for Sale - Schedule of Amortized Cost and Fair Value of Available for Sale Securities (Detail) - USD ($) $ in Thousands	Sep. 30, 2016	Dec. 31, 2015
Schedule of Available-for-sale Securities [Line Items]
Amortized Cost, Total securities available for sale	$ 7,478
Fair Value, Total securities available for sale	7,501	$ 10,484
U.S. Government-Sponsored Entities [Member]
Schedule of Available-for-sale Securities [Line Items]
Amortized Cost, Within one year	0
Amortized Cost, One to five years	6,000
Amortized Cost, Five to ten years	0
Fair Value, Within one year	0
Fair Value, One to five years	5,999
Fair Value, Five to ten years	0
Fair Value, Total securities available for sale	5,999	9,939
Residential Mortgage-Backed [Member]
Schedule of Available-for-sale Securities [Line Items]
Amortized Cost, Residential mortgage-backed	1,478
Fair Value, Residential mortgage-backed	1,502
Fair Value, Total securities available for sale	$ 1,502	$ 545

XML

Securities Available for Sale - Schedule of Security with Unrealized Losses (Detail) - U.S. Government-Sponsored Entities [Member] - USD ($) $ in Thousands	Sep. 30, 2016	Dec. 31, 2015
Schedule of Available-for-sale Securities [Line Items]
Less Than 12 Month, Fair Value	$ 998	$ 5,947
Less Than 12 Month, Unrealized Loss	(2)	(53)
12 Months or More, Fair Value		988
12 Months or More, Unrealized Loss		(12)
Total, Fair Value	998	6,935
Total, Unrealized Loss	$ (2)	$ (65)

XML

Loans - Summary of Loans Receivable (Detail) - USD ($) $ in Thousands	9 Months Ended	12 Months Ended
	Sep. 30, 2016	Dec. 31, 2015	Jun. 30, 2016	Sep. 30, 2015	Jun. 30, 2015	Dec. 31, 2014
Accounts, Notes, Loans and Financing Receivable [Line Items]
Gross loans, Amount	$ 56,595	$ 58,577
Premiums and net deferred loan costs	(61)	(50)
Allowance for loan losses	(962)	(991)	$ (981)	$ (967)	$ (1,182)	$ (1,206)
Total loans, net	55,572	57,536
First Mortgage Loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Gross loans, Amount	49,975	52,093
First Mortgage Loans [Member] | Commercial Real Estate Portfolio Segment [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Gross loans, Amount	13,893	13,941
Allowance for loan losses	(371)	(385)	(413)	(368)	(375)	(277)
First Mortgage Loans [Member] | One To Four Family [Member] | Residential Portfolio Segment [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Gross loans, Amount	27,792	30,368
First Mortgage Loans [Member] | Real Estate Multi Family [Member] | Residential Portfolio Segment [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Gross loans, Amount	7,896	7,592
First Mortgage Loans [Member] | Land [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Gross loans, Amount	176	192
Allowance for loan losses	(5)	(5)	(5)	(5)	(6)	(6)
First Mortgage Loans [Member] | Construction [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Gross loans, Amount	218
Allowance for loan losses	(6)		(5)	(5)	(7)	(7)
Commercial Consumer and Other Loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Gross loans, Amount	6,620	6,484
Commercial Consumer and Other Loans [Member] | Commercial Loan [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Gross loans, Amount	1,199	1,112
Allowance for loan losses	(12)	(12)	(13)	(7)	(7)	(8)
Commercial Consumer and Other Loans [Member] | Automobile Loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Gross loans, Amount	441	798
Allowance for loan losses	(14)	(36)	(26)	(43)	(54)	(66)
Commercial Consumer and Other Loans [Member] | Other Consumer Loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Gross loans, Amount	13
Home Equity Lines of Credit [Member] | Commercial Consumer and Other Loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Gross loans, Amount	4,967	4,574
Allowance for loan losses	$ (68)	$ (70)	$ (76)	$ (69)	$ (86)	$ (96)
Loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Percentage	100.00%	100.00%
Loans [Member] | First Mortgage Loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Percentage	88.30%	88.93%
Loans [Member] | First Mortgage Loans [Member] | Commercial Real Estate Portfolio Segment [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Percentage	24.55%	23.80%
Loans [Member] | First Mortgage Loans [Member] | One To Four Family [Member] | Residential Portfolio Segment [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Percentage	49.10%	51.84%
Loans [Member] | First Mortgage Loans [Member] | Real Estate Multi Family [Member] | Residential Portfolio Segment [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Percentage	13.95%	12.96%
Loans [Member] | First Mortgage Loans [Member] | Land [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Percentage	0.31%	0.33%
Loans [Member] | First Mortgage Loans [Member] | Construction [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Percentage	0.39%
Loans [Member] | Commercial Consumer and Other Loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Percentage	11.70%	11.07%
Loans [Member] | Commercial Consumer and Other Loans [Member] | Commercial Loan [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Percentage	2.12%	1.90%
Loans [Member] | Commercial Consumer and Other Loans [Member] | Automobile Loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Percentage	0.78%	1.36%
Loans [Member] | Commercial Consumer and Other Loans [Member] | Other Consumer Loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Percentage	0.02%
Loans [Member] | Home Equity Lines of Credit [Member] | Commercial Consumer and Other Loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Percentage	8.78%	7.81%

XML

Loans - Schedule of Activity in the Allowance for Loan Losses (Detail) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2016	Sep. 30, 2015
Financing Receivable, Allowance for Credit Losses [Line Items]
Beginning balance	$ 981	$ 1,182	$ 991	$ 1,206
Provision (credit) for loan losses	(95)	55	(128)	55
Loans charged-off	(11)	(284)	(11)	(313)
Recoveries	87	14	110	19
Ending balance	962	967	962	967
First Mortgage Loans [Member] | Commercial Real Estate Portfolio Segment [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Beginning balance	413	375	385	277
Provision (credit) for loan losses	(128)	(7)	(100)	91
Recoveries	86		86
Ending balance	371	368	371	368
First Mortgage Loans [Member] | Secured By One Four Family Residential Properties [Member] | Residential Portfolio Segment [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Beginning balance	309	462	326	392
Provision (credit) for loan losses	12	123	(5)	193
Loans charged-off	(11)	(284)	(11)	(284)
Ending balance	310	301	310	301
First Mortgage Loans [Member] | Secured By Multi Family Residential Properties [Member] | Residential Portfolio Segment [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Beginning balance	134	185	157	354
Provision (credit) for loan losses	42	(16)	19	(157)
Loans charged-off				(28)
Ending balance	176	169	176	169
First Mortgage Loans [Member] | Land [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Beginning balance	5	6	5	6
Provision (credit) for loan losses		(1)		(1)
Ending balance	5	5	5	5
First Mortgage Loans [Member] | Construction [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Beginning balance	5	7		7
Provision (credit) for loan losses		(16)	(18)	(20)
Recoveries	1	14	24	18
Ending balance	6	5	6	5
Commercial Consumer and Other Loans [Member] | Commercial Loan [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Beginning balance	13	7	12	8
Provision (credit) for loan losses	(1)			(1)
Ending balance	12	7	12	7
Commercial Consumer and Other Loans [Member] | Automobile Loans [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Beginning balance	26	54	36	66
Provision (credit) for loan losses	(12)	(11)	(22)	(22)
Loans charged-off				(1)
Ending balance	14	43	14	43
Commercial Consumer and Other Loans [Member] | Other Consumer Loans [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Provision (credit) for loan losses				(1)
Recoveries				1
Home Equity Lines of Credit [Member] | Commercial Consumer and Other Loans [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Beginning balance	76	86	70	96
Provision (credit) for loan losses	(8)	(17)	(2)	(27)
Ending balance	$ 68	$ 69	$ 68	$ 69

XML

Loans - Schedule of Allowance for Loans Losses and Recorded Investment (Detail) - USD ($) $ in Thousands	Sep. 30, 2016	Jun. 30, 2016	Dec. 31, 2015	Sep. 30, 2015	Jun. 30, 2015	Dec. 31, 2014
Financing Receivable, Allowance for Credit Losses [Line Items]
Loans, individually evaluated for impairment	$ 2,912		$ 2,994
Loans, collectively evaluated for impairment	53,683		55,583
Loans, recorded investment	56,595		58,577
Allowance for loan losses, individually evaluated for impairment	134		119
Allowance for loan losses, collectively evaluated for impairment	828		872
Allowance for loan losses, recorded investment	962	$ 981	991	$ 967	$ 1,182	$ 1,206
First Mortgage Loans [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Loans, recorded investment	49,975		52,093
First Mortgage Loans [Member] | Commercial Real Estate Portfolio Segment [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Loans, individually evaluated for impairment	542
Loans, collectively evaluated for impairment	13,351		13,941
Loans, recorded investment	13,893		13,941
Allowance for loan losses, collectively evaluated for impairment	371		385
Allowance for loan losses, recorded investment	371	413	385	368	375	277
First Mortgage Loans [Member] | Secured By One Four Family Residential Properties [Member] | Residential Portfolio Segment [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Loans, individually evaluated for impairment	1,312		1,640
Loans, collectively evaluated for impairment	26,480		28,728
Loans, recorded investment	27,792		30,368
Allowance for loan losses, individually evaluated for impairment	63		67
Allowance for loan losses, collectively evaluated for impairment	247		259
Allowance for loan losses, recorded investment	310	309	326	301	462	392
First Mortgage Loans [Member] | Secured By Multi Family Residential Properties [Member] | Residential Portfolio Segment [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Loans, individually evaluated for impairment	1,058		1,354
Loans, collectively evaluated for impairment	6,838		6,238
Loans, recorded investment	7,896		7,592
Allowance for loan losses, individually evaluated for impairment	71		52
Allowance for loan losses, collectively evaluated for impairment	105		105
Allowance for loan losses, recorded investment	176	134	157	169	185	354
First Mortgage Loans [Member] | Land [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Loans, collectively evaluated for impairment	176		192
Loans, recorded investment	176		192
Allowance for loan losses, collectively evaluated for impairment	5		5
Allowance for loan losses, recorded investment	5	5	5	5	6	6
First Mortgage Loans [Member] | Construction [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Loans, collectively evaluated for impairment	218
Loans, recorded investment	218
Allowance for loan losses, collectively evaluated for impairment	6
Allowance for loan losses, recorded investment	6	5		5	7	7
Commercial Consumer and Other Loans [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Loans, recorded investment	6,620		6,484
Commercial Consumer and Other Loans [Member] | Commercial Loan [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Loans, collectively evaluated for impairment	1,199		1,112
Loans, recorded investment	1,199		1,112
Allowance for loan losses, collectively evaluated for impairment	12		12
Allowance for loan losses, recorded investment	12	13	12	7	7	8
Commercial Consumer and Other Loans [Member] | Automobile Loans [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Loans, collectively evaluated for impairment	441		798
Loans, recorded investment	441		798
Allowance for loan losses, collectively evaluated for impairment	14		36
Allowance for loan losses, recorded investment	14	26	36	43	54	66
Commercial Consumer and Other Loans [Member] | Other Consumer Loans [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Loans, collectively evaluated for impairment	13
Loans, recorded investment	13
Home Equity Lines of Credit [Member] | Commercial Consumer and Other Loans [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Loans, collectively evaluated for impairment	4,967		4,574
Loans, recorded investment	4,967		4,574
Allowance for loan losses, collectively evaluated for impairment	68		70
Allowance for loan losses, recorded investment	$ 68	$ 76	$ 70	$ 69	$ 86	$ 96

XML

Loans - Summary of Loans Individually Evaluated for Impairment by Class (Detail) - USD ($) $ in Thousands	9 Months Ended		12 Months Ended
	Sep. 30, 2016	Sep. 30, 2015	Dec. 31, 2015
Financing Receivable, Impaired [Line Items]
Unpaid Principal Balance	$ 1,744	$ 2,565	$ 2,319
Unpaid Principal Balance	3,332	3,846	3,589
Recorded Investment	1,324	1,767	1,724
Recorded Investment	2,912	3,048	2,994
Average Recorded Investment	1,364	2,414	2,243
Interest Income Recorded	23	46	50
Cash Basis Interest Recorded	23	46	50
Unpaid Principal Balance	1,588	1,281	1,270
Recorded Investment	1,588	1,281	1,270
Allowance for Loan Losses Allocated	134	99	119
Average Recorded Investment	1,600	1,293	1,288
Average Recorded Investment	2,964	3,707	3,531
Interest Income Recorded	50	50	64
Interest Income Recorded	73	96	114
Cash Basis Interest Recorded	50	50	64
Cash Basis Interest Recorded	73	96	114
First Mortgage Loans [Member] | Commercial Real Estate Portfolio Segment [Member]
Financing Receivable, Impaired [Line Items]
Unpaid Principal Balance	542
Recorded Investment	542
Average Recorded Investment	121
First Mortgage Loans [Member] | Secured By One Four Family Residential Properties [Member] | Residential Portfolio Segment [Member]
Financing Receivable, Impaired [Line Items]
Unpaid Principal Balance	1,202	1,523	1,519
Recorded Investment	782	1,103	1,099
Average Recorded Investment	1,059	1,020	1,040
Interest Income Recorded			50
Cash Basis Interest Recorded			50
Unpaid Principal Balance	530	545	541
Recorded Investment	530	545	541
Allowance for Loan Losses Allocated	63	41	67
Average Recorded Investment	535	550	548
Interest Income Recorded	19	22	26
Cash Basis Interest Recorded	19	22	26
First Mortgage Loans [Member] | Secured By Multi Family Residential Properties [Member] | Residential Portfolio Segment [Member]
Financing Receivable, Impaired [Line Items]
Unpaid Principal Balance		798	800
Recorded Investment		623	625
Average Recorded Investment	184	1,329	1,154
Interest Income Recorded	23	46
Cash Basis Interest Recorded	23	46
Unpaid Principal Balance	1,058	736	729
Recorded Investment	1,058	736	729
Allowance for Loan Losses Allocated	71	58	52
Average Recorded Investment	1,065	743	740
Interest Income Recorded	31	28	38
Cash Basis Interest Recorded	$ 31	28	38
Commercial Consumer and Other Loans [Member] | Commercial Loan [Member]
Financing Receivable, Impaired [Line Items]
Unpaid Principal Balance		244
Recorded Investment		41
Average Recorded Investment		$ 65	$ 49

XML

Loans - Summary of Aging of Recorded Investment in Past Due Loans (Detail) - USD ($) $ in Thousands	Sep. 30, 2016	Dec. 31, 2015
Financing Receivable, Recorded Investment, Past Due [Line Items]
Nonaccrual	$ 1,670	$ 1,445
Loans Not Past Due	54,925	57,132
Loans, recorded investment	56,595	58,577
First Mortgage Loans [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Loans, recorded investment	49,975	52,093
First Mortgage Loans [Member] | Commercial Real Estate Portfolio Segment [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Nonaccrual	542
Loans Not Past Due	13,351	13,941
Loans, recorded investment	13,893	13,941
First Mortgage Loans [Member] | Secured By One Four Family Residential Properties [Member] | Residential Portfolio Segment [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Nonaccrual	782	1,099
Loans Not Past Due	27,010	29,269
Loans, recorded investment	27,792	30,368
First Mortgage Loans [Member] | Secured By Multi Family Residential Properties [Member] | Residential Portfolio Segment [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Nonaccrual	346	346
Loans Not Past Due	7,550	7,246
Loans, recorded investment	7,896	7,592
First Mortgage Loans [Member] | Land [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Loans Not Past Due	176	192
Loans, recorded investment	176	192
First Mortgage Loans [Member] | Construction [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Loans Not Past Due	218
Loans, recorded investment	218
Commercial Consumer and Other Loans [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Loans, recorded investment	6,620	6,484
Commercial Consumer and Other Loans [Member] | Commercial Loan [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Loans Not Past Due	1,199	1,112
Loans, recorded investment	1,199	1,112
Commercial Consumer and Other Loans [Member] | Automobile Loans [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Loans Not Past Due	441	798
Loans, recorded investment	441	798
Commercial Consumer and Other Loans [Member] | Other Consumer Loans [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Loans Not Past Due	13
Loans, recorded investment	13
Home Equity Lines of Credit [Member] | Commercial Consumer and Other Loans [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Loans Not Past Due	4,967	4,574
Loans, recorded investment	4,967	4,574
Financing Receivables, 30 to 59 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Past due	0	0
Financing Receivables, 30 to 59 Days Past Due [Member] | First Mortgage Loans [Member] | Commercial Real Estate Portfolio Segment [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Past due	0	0
Financing Receivables, 30 to 59 Days Past Due [Member] | First Mortgage Loans [Member] | Secured By One Four Family Residential Properties [Member] | Residential Portfolio Segment [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Past due	0	0
Financing Receivables, 30 to 59 Days Past Due [Member] | First Mortgage Loans [Member] | Secured By Multi Family Residential Properties [Member] | Residential Portfolio Segment [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Past due	0	0
Financing Receivables, 30 to 59 Days Past Due [Member] | First Mortgage Loans [Member] | Land [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Past due	0	0
Financing Receivables, 30 to 59 Days Past Due [Member] | First Mortgage Loans [Member] | Construction [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Past due	0	0
Financing Receivables, 30 to 59 Days Past Due [Member] | Commercial Consumer and Other Loans [Member] | Commercial Loan [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Past due	0	0
Financing Receivables, 30 to 59 Days Past Due [Member] | Commercial Consumer and Other Loans [Member] | Automobile Loans [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Past due	0	0
Financing Receivables, 30 to 59 Days Past Due [Member] | Commercial Consumer and Other Loans [Member] | Other Consumer Loans [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Past due	0	0
Financing Receivables, 30 to 59 Days Past Due [Member] | Home Equity Lines of Credit [Member] | Commercial Consumer and Other Loans [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Past due	0	0
Financing Receivables, 60 to 89 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Past due	0	0
Financing Receivables, 60 to 89 Days Past Due [Member] | First Mortgage Loans [Member] | Commercial Real Estate Portfolio Segment [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Past due	0	0
Financing Receivables, 60 to 89 Days Past Due [Member] | First Mortgage Loans [Member] | Secured By One Four Family Residential Properties [Member] | Residential Portfolio Segment [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Past due	0	0
Financing Receivables, 60 to 89 Days Past Due [Member] | First Mortgage Loans [Member] | Secured By Multi Family Residential Properties [Member] | Residential Portfolio Segment [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Past due	0	0
Financing Receivables, 60 to 89 Days Past Due [Member] | First Mortgage Loans [Member] | Land [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Past due	0	0
Financing Receivables, 60 to 89 Days Past Due [Member] | First Mortgage Loans [Member] | Construction [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Past due	0	0
Financing Receivables, 60 to 89 Days Past Due [Member] | Commercial Consumer and Other Loans [Member] | Commercial Loan [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Past due	0	0
Financing Receivables, 60 to 89 Days Past Due [Member] | Commercial Consumer and Other Loans [Member] | Automobile Loans [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Past due	0	0
Financing Receivables, 60 to 89 Days Past Due [Member] | Commercial Consumer and Other Loans [Member] | Other Consumer Loans [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Past due	0	0
Financing Receivables, 60 to 89 Days Past Due [Member] | Home Equity Lines of Credit [Member] | Commercial Consumer and Other Loans [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Past due	0	0
Financing Receivables, Equal to Greater than 90 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Past due	0	0
Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | First Mortgage Loans [Member] | Commercial Real Estate Portfolio Segment [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Past due	0	0
Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | First Mortgage Loans [Member] | Secured By One Four Family Residential Properties [Member] | Residential Portfolio Segment [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Past due	0	0
Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | First Mortgage Loans [Member] | Secured By Multi Family Residential Properties [Member] | Residential Portfolio Segment [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Past due	0	0
Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | First Mortgage Loans [Member] | Land [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Past due	0	0
Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | First Mortgage Loans [Member] | Construction [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Past due	0	0
Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | Commercial Consumer and Other Loans [Member] | Commercial Loan [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Past due	0	0
Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | Commercial Consumer and Other Loans [Member] | Automobile Loans [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Past due	0	0
Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | Commercial Consumer and Other Loans [Member] | Other Consumer Loans [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Past due	0	0
Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | Home Equity Lines of Credit [Member] | Commercial Consumer and Other Loans [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Past due	$ 0	$ 0

XML

Loans - Summary of Loans Classified by Risk Category (Detail) - USD ($) $ in Thousands	Sep. 30, 2016	Dec. 31, 2015
Financing Receivable, Recorded Investment [Line Items]
Gross Loans	$ 56,595	$ 58,577
First Mortgage Loans [Member]
Financing Receivable, Recorded Investment [Line Items]
Gross Loans	49,975	52,093
First Mortgage Loans [Member] | Commercial Real Estate Portfolio Segment [Member]
Financing Receivable, Recorded Investment [Line Items]
Gross Loans	13,893	13,941
First Mortgage Loans [Member] | Secured By One Four Family Residential Properties [Member] | Residential Portfolio Segment [Member]
Financing Receivable, Recorded Investment [Line Items]
Gross Loans	27,792	30,368
First Mortgage Loans [Member] | Secured By Multi Family Residential Properties [Member] | Residential Portfolio Segment [Member]
Financing Receivable, Recorded Investment [Line Items]
Gross Loans	7,896	7,592
First Mortgage Loans [Member] | Land [Member]
Financing Receivable, Recorded Investment [Line Items]
Gross Loans	176	192
First Mortgage Loans [Member] | Construction [Member]
Financing Receivable, Recorded Investment [Line Items]
Gross Loans	218
Commercial Consumer and Other Loans [Member]
Financing Receivable, Recorded Investment [Line Items]
Gross Loans	6,620	6,484
Commercial Consumer and Other Loans [Member] | Commercial Loan [Member]
Financing Receivable, Recorded Investment [Line Items]
Gross Loans	1,199	1,112
Commercial Consumer and Other Loans [Member] | Automobile Loans [Member]
Financing Receivable, Recorded Investment [Line Items]
Gross Loans	441	798
Commercial Consumer and Other Loans [Member] | Other Consumer Loans [Member]
Financing Receivable, Recorded Investment [Line Items]
Gross Loans	13
Home Equity Lines of Credit [Member] | Commercial Consumer and Other Loans [Member]
Financing Receivable, Recorded Investment [Line Items]
Gross Loans	4,967	4,574
Pass [Member]
Financing Receivable, Recorded Investment [Line Items]
Gross Loans	54,925	57,132
Pass [Member] | First Mortgage Loans [Member] | Commercial Real Estate Portfolio Segment [Member]
Financing Receivable, Recorded Investment [Line Items]
Gross Loans	13,351	13,941
Pass [Member] | First Mortgage Loans [Member] | Secured By One Four Family Residential Properties [Member] | Residential Portfolio Segment [Member]
Financing Receivable, Recorded Investment [Line Items]
Gross Loans	27,010	29,269
Pass [Member] | First Mortgage Loans [Member] | Secured By Multi Family Residential Properties [Member] | Residential Portfolio Segment [Member]
Financing Receivable, Recorded Investment [Line Items]
Gross Loans	7,550	7,246
Pass [Member] | First Mortgage Loans [Member] | Land [Member]
Financing Receivable, Recorded Investment [Line Items]
Gross Loans	176	192
Pass [Member] | First Mortgage Loans [Member] | Construction [Member]
Financing Receivable, Recorded Investment [Line Items]
Gross Loans	218
Pass [Member] | Commercial Consumer and Other Loans [Member] | Commercial Loan [Member]
Financing Receivable, Recorded Investment [Line Items]
Gross Loans	1,199	1,112
Pass [Member] | Commercial Consumer and Other Loans [Member] | Automobile Loans [Member]
Financing Receivable, Recorded Investment [Line Items]
Gross Loans	441	798
Pass [Member] | Commercial Consumer and Other Loans [Member] | Other Consumer Loans [Member]
Financing Receivable, Recorded Investment [Line Items]
Gross Loans	13
Pass [Member] | Home Equity Lines of Credit [Member] | Commercial Consumer and Other Loans [Member]
Financing Receivable, Recorded Investment [Line Items]
Gross Loans	4,967	4,574
Substandard [Member]
Financing Receivable, Recorded Investment [Line Items]
Gross Loans	1,670	1,445
Substandard [Member] | First Mortgage Loans [Member] | Commercial Real Estate Portfolio Segment [Member]
Financing Receivable, Recorded Investment [Line Items]
Gross Loans	542
Substandard [Member] | First Mortgage Loans [Member] | Secured By One Four Family Residential Properties [Member] | Residential Portfolio Segment [Member]
Financing Receivable, Recorded Investment [Line Items]
Gross Loans	782	1,099
Substandard [Member] | First Mortgage Loans [Member] | Secured By Multi Family Residential Properties [Member] | Residential Portfolio Segment [Member]
Financing Receivable, Recorded Investment [Line Items]
Gross Loans	$ 346	$ 346

XML

Loans (Troubled Debt Restructurings) - Additional Information (Detail) $ in Thousands	9 Months Ended		12 Months Ended
	Sep. 30, 2016 USD ($) SecurityLoan	Sep. 30, 2015 USD ($)	Dec. 31, 2015 USD ($) SecurityLoan
Financing Receivable, Modifications [Line Items]
Decrease in loans	$ 1,785	$ 3,707
Troubled Debt Restructurings [Member]
Financing Receivable, Modifications [Line Items]
Troubled debt restructuring loans	$ 1,644		$ 1,964
Number of loans modified as troubled debt restructurings | SecurityLoan	0		0
Number of non-accruing troubled debt restructured loans | SecurityLoan	2		2
Non-accruing troubled debt restructured loans	$ 402		$ 415
Troubled debt restructuring, number of loans agreed to pay | SecurityLoan			1
Payment of troubled debt restructurings			$ 69
Troubled debt restructurings, payment default period	90 days
Decrease in loans	$ 346		346
Troubled debt restructuring loans reserve	134		119
Troubled debt restructuring loans	$ 1,587		$ 1,271

XML

Loss Per Share - Schedule of Reconciliation of Components Used to Compute Basic and Diluted Earnings (Loss) Per Share (Detail) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		9 Months Ended		12 Months Ended
	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2016	Sep. 30, 2015	Dec. 31, 2015
Earnings Per Share [Abstract]
Net income (loss)	$ (280)	$ (142)	$ (890)	$ (787)	$ (1,032)
Weighted average common shares outstanding	659,607	658,260	660,093	659,679
Basic and diluted income (loss) per share	$ (0.42)	$ (0.22)	$ (1.35)	$ (1.19)

XML

Fair Value Measures - Summary of Assets Measured at Fair Value on Recurring Basis (Detail) - USD ($) $ in Thousands	Sep. 30, 2016	Dec. 31, 2015
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available for sale	$ 7,501	$ 10,484
U.S. Government-Sponsored Entities [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available for sale	5,999	9,939
Residential Mortgage-Backed [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available for sale	1,502	545
Recurring [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available for sale	7,501	10,484
Recurring [Member] | U.S. Government-Sponsored Entities [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available for sale	5,999	9,939
Recurring [Member] | Residential Mortgage-Backed [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available for sale	1,502	545
Recurring [Member] | Level 2 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available for sale	7,501	10,484
Recurring [Member] | Level 2 [Member] | U.S. Government-Sponsored Entities [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available for sale	5,999	9,939
Recurring [Member] | Level 2 [Member] | Residential Mortgage-Backed [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available for sale	$ 1,502	$ 545

XML

Fair Value Measures (Assets Measured on a Recurring Basis)- Additional Information (Detail) - USD ($) $ in Thousands	9 Months Ended	12 Months Ended
	Sep. 30, 2016	Dec. 31, 2015
Fair Value Disclosures [Abstract]
Fair value transfer between level 1, level 2 and level 3	$ 0	$ 0

XML

Fair Values Measures - Assets Measured on a Non-recurring Basis (Detail) - USD ($) $ in Thousands	Sep. 30, 2016	Dec. 31, 2015	Sep. 30, 2015
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Impaired loans	$ 3,332	$ 3,589	$ 3,846
Repossessed assets	701	476
Non-Recurring [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Repossessed assets	701	87
Non-Recurring [Member] | First Mortgage Loans [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Impaired loans	1,712	1,402
Repossessed assets	701	87
Non-Recurring [Member] | First Mortgage Loans [Member] | Secured By One Four Family Residential Properties [Member] | Residential Portfolio Segment [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Impaired loans	725	725
Repossessed assets	293
Non-Recurring [Member] | First Mortgage Loans [Member] | Secured By Multi Family Residential Properties [Member] | Residential Portfolio Segment [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Impaired loans	987	677
Non-Recurring [Member] | First Mortgage Loans [Member] | Commercial real estate [Member] | Residential Portfolio Segment [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Repossessed assets	321
Non-Recurring [Member] | First Mortgage Loans [Member] | Land [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Repossessed assets	87	87
Non-Recurring [Member] | Level 3 [Member] | First Mortgage Loans [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Impaired loans	1,712	1,402
Repossessed assets	701	87
Non-Recurring [Member] | Level 3 [Member] | First Mortgage Loans [Member] | Secured By One Four Family Residential Properties [Member] | Residential Portfolio Segment [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Impaired loans	725	725
Repossessed assets	293
Non-Recurring [Member] | Level 3 [Member] | First Mortgage Loans [Member] | Secured By Multi Family Residential Properties [Member] | Residential Portfolio Segment [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Impaired loans	987	677
Non-Recurring [Member] | Level 3 [Member] | First Mortgage Loans [Member] | Commercial real estate [Member] | Residential Portfolio Segment [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Repossessed assets	321
Non-Recurring [Member] | Level 3 [Member] | First Mortgage Loans [Member] | Land [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Repossessed assets	$ 87	$ 87

XML

Fair Value Measures (Assets Measured on a Non-Recurring Basis) - Additional Information (Detail) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2016	Sep. 30, 2015	Dec. 31, 2015
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Impaired loans valuation allowance	$ 134	$ 99	$ 134	$ 99	$ 119
Provision for loan losses	(95)	55	(128)	55
Repossessed assets	701		701		476
Non-Recurring [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Impaired loans aggregate balance	1,783		1,783		1,454
Impaired loans valuation allowance	71		71		52
Provision for loan losses	0	0	0	0
Repossessed assets	701		701		87
Cost basis of repossessed assets	947		947		101
Valuation allowance	246		246		$ 14
Write-down of repossessed assets	$ 68	$ 68	$ 68	$ 68

XML

Fair Value Measures - Quantitative Information (Detail) - USD ($)
$ in Thousands

9 Months Ended

12 Months Ended

Sep. 30, 2016

Dec. 31, 2015

Sep. 30, 2015

Fair Value Inputs, Assets, Quantitative Information [Line Items]

Fair Value

$ 3,332

$ 3,589

$ 3,846

Repossessed assets

701

476

Non-Recurring [Member]

Fair Value Inputs, Assets, Quantitative Information [Line Items]

Repossessed assets

701

87

Non-Recurring [Member] | First Mortgage Loans [Member]

Fair Value Inputs, Assets, Quantitative Information [Line Items]

Fair Value

1,712

1,402

Repossessed assets

701

87

Non-Recurring [Member] | First Mortgage Loans [Member] | Secured By One Four Family Residential Properties [Member] | Residential Portfolio Segment [Member]

Fair Value Inputs, Assets, Quantitative Information [Line Items]

Fair Value

725

725

Repossessed assets

293

Non-Recurring [Member] | First Mortgage Loans [Member] | Secured By Multi Family Residential Properties [Member] | Residential Portfolio Segment [Member]

Fair Value Inputs, Assets, Quantitative Information [Line Items]

Fair Value

987

677

Non-Recurring [Member] | First Mortgage Loans [Member] | Commercial real estate [Member] | Residential Portfolio Segment [Member]

Fair Value Inputs, Assets, Quantitative Information [Line Items]

Repossessed assets

321

Non-Recurring [Member] | First Mortgage Loans [Member] | Land [Member]

Fair Value Inputs, Assets, Quantitative Information [Line Items]

Repossessed assets

87

87

Non-Recurring [Member] | Level 3 [Member] | First Mortgage Loans [Member]

Fair Value Inputs, Assets, Quantitative Information [Line Items]

Fair Value

1,712

1,402

Repossessed assets

701

87

Non-Recurring [Member] | Level 3 [Member] | First Mortgage Loans [Member] | Secured By One Four Family Residential Properties [Member] | Residential Portfolio Segment [Member]

Fair Value Inputs, Assets, Quantitative Information [Line Items]

Fair Value

725

725

Repossessed assets

293

Non-Recurring [Member] | Level 3 [Member] | First Mortgage Loans [Member] | Secured By Multi Family Residential Properties [Member] | Residential Portfolio Segment [Member]

Fair Value Inputs, Assets, Quantitative Information [Line Items]

Fair Value

987

677

Non-Recurring [Member] | Level 3 [Member] | First Mortgage Loans [Member] | Commercial real estate [Member] | Residential Portfolio Segment [Member]

Fair Value Inputs, Assets, Quantitative Information [Line Items]

Repossessed assets

321

Non-Recurring [Member] | Level 3 [Member] | First Mortgage Loans [Member] | Land [Member]

Fair Value Inputs, Assets, Quantitative Information [Line Items]

Repossessed assets

87

87

Non-Recurring [Member] | Level 3 [Member] | Other Real Estate Owned [Member] | Secured By One Four Family Residential Properties [Member] | Residential Portfolio Segment [Member]

Fair Value Inputs, Assets, Quantitative Information [Line Items]

Fair Value

$ 293

Valuation Technique

Sales comparison approach

Unobservable Inputs

Adjustment for differences between the comparable sales

Non-Recurring [Member] | Level 3 [Member] | Other Real Estate Owned [Member] | Commercial real estate [Member] | Residential Portfolio Segment [Member]

Fair Value Inputs, Assets, Quantitative Information [Line Items]

Fair Value

$ 321

Valuation Technique

Sales comparison approach

Unobservable Inputs

Adjustment for differences between the comparable sales

Non-Recurring [Member] | Level 3 [Member] | Other Real Estate Owned [Member] | Land [Member] | Residential Portfolio Segment [Member]

Fair Value Inputs, Assets, Quantitative Information [Line Items]

Fair Value

$ 87

$ 87

Valuation Technique

Sales comparison approach

Sales comparison approach

Unobservable Inputs

Adjustment for differences between the comparable sales

Adjustment for differences between the comparable sales

Non-Recurring [Member] | Level 3 [Member] | Impaired Loans [Member] | Secured By One Four Family Residential Properties [Member] | Residential Portfolio Segment [Member]

Fair Value Inputs, Assets, Quantitative Information [Line Items]

Fair Value

$ 725

$ 725

Valuation Technique

Sales comparison approach

Sales comparison approach

Unobservable Inputs

Adjustment for differences between the comparable sales

Adjustment for differences between the comparable sales

Non-Recurring [Member] | Level 3 [Member] | Impaired Loans [Member] | Secured By Multi Family Residential Properties [Member] | Residential Portfolio Segment [Member]

Fair Value Inputs, Assets, Quantitative Information [Line Items]

Fair Value

$ 987

$ 677

Valuation Technique

Sales comparison approach

Sales comparison approach

Unobservable Inputs

Adjustment for differences between the comparable sales

Adjustment for differences between the comparable sales

Minimum [Member] | Non-Recurring [Member] | Level 3 [Member] | Other Real Estate Owned [Member] | Secured By One Four Family Residential Properties [Member] | Residential Portfolio Segment [Member]

Fair Value Inputs, Assets, Quantitative Information [Line Items]

Range

(4.40%)

Minimum [Member] | Non-Recurring [Member] | Level 3 [Member] | Other Real Estate Owned [Member] | Commercial real estate [Member] | Residential Portfolio Segment [Member]

Fair Value Inputs, Assets, Quantitative Information [Line Items]

Range

(23.60%)

Minimum [Member] | Non-Recurring [Member] | Level 3 [Member] | Other Real Estate Owned [Member] | Land [Member] | Residential Portfolio Segment [Member]

Fair Value Inputs, Assets, Quantitative Information [Line Items]

Range

(8.00%)

(11.60%)

Minimum [Member] | Non-Recurring [Member] | Level 3 [Member] | Impaired Loans [Member] | Secured By One Four Family Residential Properties [Member] | Residential Portfolio Segment [Member]

Fair Value Inputs, Assets, Quantitative Information [Line Items]

Range

(17.00%)

(9.90%)

Minimum [Member] | Non-Recurring [Member] | Level 3 [Member] | Impaired Loans [Member] | Secured By Multi Family Residential Properties [Member] | Residential Portfolio Segment [Member]

Fair Value Inputs, Assets, Quantitative Information [Line Items]

Range

(1.90%)

(6.70%)

Maximum [Member] | Non-Recurring [Member] | Level 3 [Member] | Other Real Estate Owned [Member] | Secured By One Four Family Residential Properties [Member] | Residential Portfolio Segment [Member]

Fair Value Inputs, Assets, Quantitative Information [Line Items]

Range

2.40%

Maximum [Member] | Non-Recurring [Member] | Level 3 [Member] | Other Real Estate Owned [Member] | Commercial real estate [Member] | Residential Portfolio Segment [Member]

Fair Value Inputs, Assets, Quantitative Information [Line Items]

Range

16.70%

Maximum [Member] | Non-Recurring [Member] | Level 3 [Member] | Other Real Estate Owned [Member] | Land [Member] | Residential Portfolio Segment [Member]

Fair Value Inputs, Assets, Quantitative Information [Line Items]

Range

86.00%

31.00%

Maximum [Member] | Non-Recurring [Member] | Level 3 [Member] | Impaired Loans [Member] | Secured By One Four Family Residential Properties [Member] | Residential Portfolio Segment [Member]

Fair Value Inputs, Assets, Quantitative Information [Line Items]

Range

8.70%

14.10%

Maximum [Member] | Non-Recurring [Member] | Level 3 [Member] | Impaired Loans [Member] | Secured By Multi Family Residential Properties [Member] | Residential Portfolio Segment [Member]

Fair Value Inputs, Assets, Quantitative Information [Line Items]

Range

2.60%

13.20%

XML

Fair Value Measures - Carrying Amounts and Estimated Fair Values of Company's Financial Instruments (Detail) - USD ($) $ in Thousands	Sep. 30, 2016	Dec. 31, 2015	Sep. 30, 2015	Dec. 31, 2014
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Cash and cash equivalents	$ 9,758	$ 9,265	$ 11,681	$ 19,014
Certificates of deposit in other financial institutions	3,920	4,635
Securities available-for-sale	7,501	10,484
Loans receivable, net	55,572	57,536
FHLB stock	921	921
Accrued interest receivable	186	185
Demand, money market, and savings	37,348	38,399
Certificates of deposits	33,188	35,158
Advances by borrowers for taxes and insurance	262	559
Accrued interest payable	1
Estimate of Fair Value Measurement [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Cash and cash equivalents	9,758	9,265
Certificates of deposit in other financial institutions	3,920	4,635
Securities available-for-sale	7,501	10,484
Loans receivable, net	56,029	57,469
Accrued interest receivable	186	185
Demand, money market, and savings	37,348	38,399
Certificates of deposits	33,262	35,024
Advances by borrowers for taxes and insurance	262	559
Accrued interest payable	1
Estimate of Fair Value Measurement [Member] | Level 1 [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Cash and cash equivalents	9,758	9,265
Accrued interest receivable		3
Demand, money market, and savings	37,348	38,399
Advances by borrowers for taxes and insurance	262	559
Estimate of Fair Value Measurement [Member] | Level 2 [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Certificates of deposit in other financial institutions	3,920	4,635
Securities available-for-sale	7,501	10,484
Accrued interest receivable	32	20
Certificates of deposits	33,262	35,024
Accrued interest payable	1
Estimate of Fair Value Measurement [Member] | Level 3 [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Loans receivable, net	56,029	57,469
Accrued interest receivable	$ 154	$ 162

XML

Regulatory Capital Matters - Additional Information (Detail)	9 Months Ended
	Sep. 30, 2016	Jan. 01, 2016	Dec. 31, 2015	Nov. 25, 2015
Compliance with Regulatory Capital Requirements under Banking Regulations [Line Items]
Capital conservation buffer	8.84%	0.625%
Capital conservation buffer, phase in period	3 years
Capital conservation buffer, phase in start date	Jan. 01, 2016
Capital conservation buffer, phase in end date	Jan. 01, 2019
Capital conservation buffer, yearly phase in percent increase	0.625%
Tier one leverage capital ratio	8.00%		8.00%
Total risk based capital ratio	12.00%		12.00%
New Consent Order [Member]
Compliance with Regulatory Capital Requirements under Banking Regulations [Line Items]
Tier one leverage capital ratio				8.00%
Total risk based capital ratio				12.00%
Old Consent Order [Member]
Compliance with Regulatory Capital Requirements under Banking Regulations [Line Items]
Tier one leverage capital ratio				9.00%
Total risk based capital ratio				13.00%
Maximum [Member]
Compliance with Regulatory Capital Requirements under Banking Regulations [Line Items]
Capital conservation buffer	2.50%

XML

Regulatory Capital Matters - Actual Capital Levels and Minimum Required Levels for Bank (Detail) - USD ($) $ in Thousands	Sep. 30, 2016	Dec. 31, 2015
Banking and Thrift [Abstract]
Total capital (to risk-weighted assets), Actual Amount	$ 8,438	$ 9,235
Common equity Tier 1 capital (to risk-weighted assets), Actual Amount	7,808	8,607
Tier 1 (core) capital (to risk-weighted assets), Actual Amount	7,808	8,607
Tier 1 (core) capital (to average total assets), Actual Amount	$ 7,808	$ 8,607
Total capital (to risk-weighted assets), Actual Ratio	16.80%	18.50%
Common equity Tier 1 capital (to risk-weighted assets), Actual Ratio	15.60%	17.30%
Tier 1 (core) capital (to risk-weighted assets), Actual Ratio	15.60%	17.30%
Tier 1 (core) capital (to average total assets), Actual Ratio	9.70%	10.00%
Total capital (to risk-weighted assets), Minimum Required for Capital Adequacy Purposes Amount	$ 4,008	$ 3,992
Common equity Tier 1 capital (to risk-weighted assets), Minimum Required for Capital Adequacy Purposes Amount	2,255	2,245
Tier 1 (core) capital (to risk-weighted assets), Minimum Required for Capital Adequacy Purposes Amount	3,006	2,994
Tier 1 (core) capital (to average total assets), Minimum Required for Capital Adequacy Purposes Amount	$ 3,221	$ 3,450
Total capital (to risk-weighted assets), Minimum Required for Capital Adequacy Purposes Ratio	8.00%	8.00%
Common equity Tier 1 capital (to risk-weighted assets), Minimum Required for Capital Adequacy Purposes Ratio	4.50%	4.50%
Tier 1 (core) capital (to risk-weighted assets), Minimum Required for Capital Adequacy Purposes Ratio	6.00%	6.00%
Tier 1 (core) capital (to average total assets), Minimum Required for Capital Adequacy Purposes Ratio	4.00%	4.00%
Total capital (to risk-weighted assets), Minimum Required By the Order	$ 6,012	$ 5,988
Tier 1 (core) capital (to adjusted total assets), Minimum Required By the Order	$ 6,442	$ 6,901
Total capital (to risk-weighted assets), Minimum Required By the Order	12.00%	12.00%
Tier 1 (core) capital (to adjusted total assets), Minimum Required By the Order	8.00%	8.00%