Fair Value Measurements (Tables)

12 Months Ended

Dec. 31, 2019

Fair Value Measurements

Schedule of assets and liabilities measured at fair value on a recurring basis

	Fair Value Measurements Using
	Quoted Prices In Active Markets For Identical Assets		Significant Other Observable Inputs		Significant Unobservable Inputs
	(Level 1)		(Level 2)		(Level 3)
December 31, 2019
Assets
Available-for-sale securities
Mortgage-backed securities – agency	$	—	$	25,037	$	—
CMO’s – agency		—		121,382		—
Total	$	—	$	146,419	$	—
December 31, 2018
Assets
Available-for-sale securities
Mortgage-backed securities – agency	$	—	$	26,675	$	—
CMO’s – agency		—		119,023		—
Total	$	—	$	145,698	$	—

Schedule of carrying amounts and fair values of financial instruments

	Fair Value Measurement at December 31, 2019, Using:
	Carrying
	Value		(Level 1)		(Level 2)		(Level 3)		Total
Financial Assets:
Cash and cash equivalents	$	61,806	$	669	$	61,007	$	—	$	61,676
Securities available-for-sale		146,419		—		146,419		—		146,419
Securities, restricted, at cost		2,665		N/A		N/A		N/A		N/A
Loans, net		558,380		—		—		560,859		560,859
Accrued interest receivable		3,242		—		386		2,856		3,242
Financial Liabilities:
Time deposits		19,746		—		19,763		—		19,763
Demand and other deposits		660,874		660,874		—		—		660,874
Secured borrowings		86		—		86		—		86
Accrued interest payable		12		—		12		—		12

	Fair Value Measurement at December 31, 2018, Using:
	Carrying
	Value		(Level 1)		(Level 2)		(Level 3)		Total
Financial Assets:
Cash and cash equivalents	$	30,562	$	659	$	29,903	$	—	$	30,562
Securities available-for-sale		145,698		—		145,698		—		145,698
Securities, restricted, at cost		2,583		N/A		N/A		N/A		N/A
Loans, net		462,472		—		—		464,144		464,144
Accrued interest receivable		3,855		—		368		3,487		3,855
Financial Liabilities:
Time deposits		20,417		—		20,377		—		20,377
Demand and other deposits		548,004		548,004		—		—		548,004
Secured borrowings		89		—		89		—		89
Accrued interest payable		15		—		15		—		15