FAIR VALUE MEASUREMENTS (Tables)

12 Months Ended

Dec. 31, 2018

Schedule of Assets Measured at Fair Value on a Recurring Basis

(in 000’s)			Fair Value Measurements at Reporting Date Using:
	Assets/Liabilities Measured at Fair Value at December 31, 2018		Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)
Investment securities
available-for-sale:
U.S. Government agency securities	$	2,277	$	-	$	2,277	$	-
Government Sponsored Enterprises residential mortgage-backed securities		2,304	$	-		2,304		-
Total	$	4,581	$	-	$	4,581		-
Loans held for sale	$	10,073	$	-	$	10,073		-
Loans held at fair value	$	5,420	$	-	$	-	$	5,420
Servicing asset	$	313	$	-	$	-	$	313

(in 000’s)			Fair Value Measurements at Reporting Date Using:
	Assets/Liabilities Measured at Fair Value at December 31, 2017		Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)
Investment securities
available-for-sale:
U.S. Government agency securities	$	2,273	$	-	$	2,273	$	-
Government Sponsored Enterprises residential mortgage-backed securities		2,740		-		2,740		-
Money Market Funds		132		132		-
Total	$	5,145	$	132	$	5,013		-
Loans held for sale	$	10,297	$	-	$	10,297	$	-
Loans held at fair value	$	4,451	$	-	$	-	$	4,451
Servicing asset	$	319	$	-	$	-	$	319

Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation

Assets measured at fair value	December 31, 2018 Fair value	December 31, 2017 Fair value	Principal valuation techniques	Significant observable inputs	December 31, 2018 Range of inputs (weighted average)	December 31, 2017 Range of inputs
Loans held at fair value:	$5,420	$4,451	Discounted cash flow	Constant prepayment rate	0% to 16.5% (10.35%)	8.54% to 10.41 %
				Weighted average life	2.04 yrs. to 6.89 yrs. (4.36 yrs.)	2.67 yrs. to 9.29 yrs.
				Discount rate	5.49% to 9.76% (7.86%)	9.00% to 11.62%
				Projected default rate	1.07% to 10.12% (3.57%)	0.75% to 7.61 %
				Projected recovery rate	9.66% to 51.86% (30.69%)

Assets measured at fair value	December 31, 2018 Fair value	December 31, 2017 Fair Value	Principal valuation  techniques	Significant observable inputs	December 31,  2018 Range of inputs (weighted average)	December 31, 2017 Range of inputs
Servicing asset	$313	$319	Discounted cash flow	Constant prepayment rate	4.94% to 15.92% (10.66%)	5.58% to 10.67 %
				Weighted average life	2.04 yrs. to 6.77 yrs. (4.35 yrs.)	2.67 yrs. to 9.09 yrs.
				Weighted average discount rate	11.38% to 19.61% (15.08%)	11.75% to 19.74%

Schedule of Assets and Liabilities Measured on a Nonrecurring Basis

(in 000’s)	Total		Quoted Prices in Active markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)
Impaired Loans	$	324	$	-	$	-	$	324
Other real estate owned	$	153	$	-	$	-	$	153

(in 000’s)	Total		Quoted Prices in Active markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)
Impaired Loans	$	134	$	-	$	-	$	134
Other real estate owned	$	626	$	-	$	-	$	626

Schedule of Fair Value of Financial Instruments not Previously Disclosed

	Level in			2018				2017
	Value			Carrying		Fair		Carrying		Fair
Assets:	Hierarchy			Amount		Value		Amount		Value
Cash and cash equivalents	Level 1			$	8,438	$	8,438	$	11,671	$	7,803
Loans, net of allowance for loan losses		(1	)		20,265		21,979		25,545		26,617
Accrued interest receivable	Level 2				153		153		153		141
Liabilities:
Demand deposits	Level 2				29,816		29,816		34,610		28,497
Savings deposits	Level 2				10,589		10,589		11,505		11,735
Time deposits		(2	)		7,867		7,757		9,339		10,395
Accrued interest Payable	Level 2				17		17		14		11

(1)	Level 2 for non-impaired loans; Level 3 for certain impaired loans.
(2)	Level 1 for variable rate instruments, Level 3 for fixed rate instruments

Loans Held At Fair Value [Member]

Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation

(in 000’s)	2018			2017
Balance at December 31,	$	4,451		$	4,207
Origination of loans		1,420			816
Principal repayments		(221	)		(191	)
Change in fair value		(230	)		(381	)
Balance at December 31,	$	5,420		$	4,451

Servicing Asset [Member]

Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation

(in 000’s)	2018			2017
Balance at December 31,	$	319		$	313
Additions related to new loan origination		49			57
Change in fair value		(55	)		(51	)
Balance at December 31,	$	313		$	319