Fair Value of Assets and Liabilities (Tables)

12 Months Ended

Dec. 31, 2014

FAIR VALUE OF ASSETS AND LIABILITIES

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

							Total
							Assets
	Level 1		Level 2		Level 3		at Fair Value
			(In thousands)
At December 31, 2014
Assets
Securities available for sale
State and municipal	$	—	$	2,507	$	—	$	2,507
Residential mortgage-backed securities	—		17,019		—		17,019
Total securities available for sale	$	—	$	19,526	$	—	$	19,526
At December 31, 2013
Assets
Securities available for sale
State and municipal	$	—	$	2,394	$	—	$	2,394
Residential mortgage-backed securities	—		15,887		—		15,887
Total securities available	$	—	$	18,281	$	—	$	18,281

Schedule of assets measured at fair value on a non-recurring basis

							Assets		Adjustments
	Level 1		Level 2		Level 3		at Fair Value		to Fair Value
	(In thousands)
At December 31, 2014
Impaired loans	$	—	$	—	$	310	$	310	$	(7	)

							Assets		Adjustments
	Level 1		Level 2		Level 3		at Fair Value		to Fair Value
	(In thousands)
At December 31, 2013
Impaired loans	$	—	$	—	$	2,492	$	2,492	$	(333	)

Schedule of estimated fair values and related carrying amounts of the Company's financial instruments

	December 31, 2014
	Carrying		Fair Value
	Amount		Level 1		Level 2		Level 3		Total
	(In thousands)
Financial assets:
Cash and cash equivalents	$	4,918	$	4,918	$	—	$	—	$	4,918
Securities available for sale	19,526		—		19,526		—		19,526
Securities held to maturity	837		—		916		—		916
FHLB stock	2,907		2,907		—		—		2,907
Loans held for sale	990		1,016		—		—		1,016
Loans, net	231,293		—		—		231,971		231,971
Accrued interest receivable	752		752		—		—		752
Capitalized mortgage servicing rights	834		—		1,335		—		1,335
Financial liabilities:
Deposits	$	182,354	$	—	$	182,799	$	—	$	182,799
Short-term FHLB advances	30,000		30,000		—		—		30,000
Long-term FHLB advances	24,600		—		24,847		—		24,847
Mortgagors’ escrow accounts	1,194		1,194		—		—		1,194
Accrued interest payable	52		52		—		—		52

	December 31, 2013
	Carrying		Fair Value
	Amount		Level 1		Level 2		Level 3		Total
	(In thousands)
Financial assets:
Cash and cash equivalents	$	6,295	$	6,295	$	—	$	—	$	6,295
Securities available for sale	18,281		—		18,281		—		18,281
Securities held to maturity	1,050		—		1,136		—		1,136
FHLB stock	2,907		2,907		—		—		2,907
Loans held for sale	1,001		1,019		—		—		1,019
Loans, net	223,912		—		—		223,659		223,659
Accrued interest receivable	729		729		—		—		729
Capitalized mortgage servicing rights	1,058		—		1,361		—		1,361
Financial liabilities:
Deposits	$	175,961	$	—	$	176,405	$	—	$	176,405
Short-term FHLB advances	32,825		32,825		—		—		32,825
Long-term FHLB advances	22,100		—		22,405		—		22,405
Mortgagors’ escrow accounts	1,230		1,230		—		—		1,230
Accrued interest payable	45		45		—		—		45