Fair Value Measurements and Disclosures (Tables)

12 Months Ended

Dec. 31, 2020

Fair Value Disclosures [Abstract]

Schedule of Assets Measured at Fair Value on 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 December 31, 2020 and 2019:

			Fair Value Measurements at December 31,
			Quoted Prices in Active		Significant Other		Significant
	Carrying		Markets for Identical		Observable Inputs		Unobservable Inputs
Description	Value		(Level 1)		(Level 2)		(Level 3)
December 31, 2020:
Securities available for sale	$	50,027,457	$	-	$	50,027,457	$	-
December 31, 2019:
Securities available for sale	$	37,978,622	$	-	$	37,978,622	$	-

Schedule of Estimated Fair Values of Financial Instruments

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

	December 31,
	2020				2019
	Carrying		Estimated		Carrying		Estimated
	Value		Fair Value		Value		Fair Value
	(In Thousands)
Financial assets:
Cash and cash equivalents	$	2,147	$	2,147	$	1,820	$	1,820
Certificates of Deposit		500		500		999		997
Securities held to maturity		421		442		424		441
Securities available for sale		50,027		50,027		37,979		37,979
Loans receivable		39,266		39,396		39,840		39,382
FHLB and other stock, at cost		226		226		236		236
Accrued interest receivable		526		526		503		503
Financial liabilities:
Deposits		78,251		78,461		71,899		72,224
Borrowings		6,501		6,543		1,750		1,761