Fair Value Measurements and Disclosures (Tables)

6 Months Ended

Jun. 30, 2019

Fair Value Disclosures [Abstract]

Schedule of Assets Measured at Fair Value on Recurring Basis and Non-Recurring Basis

The following table provides the level of valuation assumptions used to determine the carrying value of assets measured at fair value on a recurring basis at June 30, 2019 and December 31, 2018:

			Fair Value Measurements
			Quoted Prices in Active		Significant Other		Significant
	Carrying		Markets for Identical		Observable Inputs		Unobservable Inputs
Description	Value		(Level 1)		(Level 2)		(Level 3)
June 30, 2019:
Securities available for sale	$	34,582,442	$	-	$	34,582,442	$	-
December 31, 2018:
Securities available for sale	$	29,426,745	$	-	$	29,426,745	$	-

The following table provides the level of valuation assumptions used to determine the carrying value of assets measured at fair value on a non-recurring basis at June 30, 2019 and December 31, 2018:

			Fair Value Measurements
			Quoted Prices in Active		Significant Other		Significant
	Carrying		Markets for Identical		Observable Inputs		Unobservable Inputs
Description	Value		(Level 1)		(Level 2)		(Level 3)
June 30, 2019:
Impaired residential 1-4 family loan	$	241,199	$	-	$	-	$	241,199
December 31, 2018:
Impaired residential 1-4 family loan	$	248,956	$	-	$	-	$	248,956

Schedule of Estimated Fair Values of Financial Instruments

The carrying values and estimated fair values of financial instruments are as follows (in thousands):

	June 30, 2019				December 31, 2018
	Carrying		Estimated		Carrying		Estimated
	Value		Fair Value		Value		Fair Value
				(In Thousands)
Financial assets:
Cash and cash equivalents	$	1,602	$	1,602	$	1,218	$	1,218
Securities held to maturity		626		639		629		623
Securities available for sale		34,582		34,582		29,427		29,427
Loans receivable		42,952		42,441		43,102		41,867
FHLB and other stock, at cost		288		288		331		331
Accrued interest receivable		575		575		517		517
Financial liabilities:
Deposits		69,349		69,609		63,658		63,771
FHLB Advances		2,900		2,905		3,750		3,754