Fair Value of Financial Instruments (Tables)

6 Months Ended

Jun. 30, 2016

Fair Value Disclosures [Abstract]

Schedule of estimated fair value of financial instruments

The estimated fair values and fair value measurement method with respect to the Company’s financial instruments were as follows (in thousands):

	At June 30, 2016							At December 31, 2015
	Carrying Amount		Fair Value			Level		Carrying Amount		Fair Value			Level
Financial assets:
Cash and cash equivalents	$	13,664	$	13,664			1	$	10,365	$	10,365			1
Securities available for sale		23,322		23,322			2		25,749		25,749			2
Loans		79,410		79,525			3		82,573		82,429			3
Federal Home Loan Bank stock		1,017		1,017			3		966		966			3
Accrued interest receivable		350		350			3		462		462			3
Financial liabilities:
Deposit liabilities		92,141		92,411			3		97,571		97,837			3
Federal Home Loan Bank advances		20,500		20,565			3		20,000		20,000			3
Junior subordinated debenture		5,155		N/A	(1)		3		5,155		N/A	(1)		3
Off-balance sheet financial instruments		—		—			3		—		—			3

(1) The Company is unable to determine value based on significant unobservable inputs required in the calculation. Refer to Note 10 for further information.