Fair Value Measurements (Tables)

12 Months Ended

Dec. 31, 2019

Fair Value Disclosures [Abstract]

Fair Value Measurements, Nonrecurring

The following tables summarize those assets measured at fair value on a non-recurring basis as of December 31, 2019 and 2018:

	December 31, 2019
	Level 1 Inputs		Level 2 Inputs		Level 3 Inputs		Total Fair  Value
Impaired loans	$	—	$	—	$	338	$	338

	December 31, 2018
	Level 1 Inputs		Level 2 Inputs		Level 3 Inputs		Total Fair  Value
Impaired loans	$	—	$	—	$	350	$	350

Fair Value, Assets and Liabilities Measured on Nonrecurring Basis, Valuation Techniques

For Level 3 input assets measured at fair value on non-recurring basis as of December 31, 2019 and 2018, the significant unobservable inputs used in fair value measurements were as follows:

		December 31, 2019
	Fair Value Estimate	Valuation Techniques	Unobservable Input	Range (Weighted Average)
	(Dollars in thousands)
Impaired loans	$338	Appraisal of Collateral	Appraisal adjustments	0% (0%)
			Liquidation expense	20.56% (20.56%)

		December 31, 2018
	Fair Value Estimate	Valuation Techniques	Unobservable Input	Range (Weighted Average)
	(Dollars in thousands)
Impaired loans	$350	Appraisal of Collateral	Appraisal adjustments	0% (0%)
			Liquidation expense	7.3% (7.3%)

Fair Value, by Balance Sheet Grouping

The following presents the carrying amount, fair value and placement in the fair value hierarchy as of December 31, 2019 and 2018, of the Company's financial instruments which are carried on the consolidated statement of financial condition at cost and are not measured or recorded at fair value on a recurring basis. 

	Carrying Amount		Fair Value		Level 1 Inputs		Level 2 Inputs		Level 3 Inputs
As of December 31, 2019	(In thousands)
Financial assets:
Cash and due from banks	$	18,453	$	18,453	$	18,453	$	—	$	—
Securities held to maturity	35,827		35,696		—		35,696		—
Loans receivable, net (1)	508,022		506,634		—		—		506,634
Accrued interest receivable	1,650		1,650		—		90		1,560
Financial liabilities:
Deposits	472,752		474,233		—		474,233		—
Advances from Federal Home Loan Bank of New York	51,575		51,674		—		51,674		—
Accrued interest payable	85		85		—		85		—
As of December 31, 2018
Financial assets:
Cash and due from banks	$	11,800	$	11,800	$	11,800	$	—	$	—
Securities held to maturity	39,476		38,569		—		38,569		—
Loans receivable, net (1)	502,299		490,177		—		—		490,177
Accrued interest receivable	1,615		1,615		—		111		1,504
Financial liabilities:
Deposits	420,579		421,164		—		421,164		—
Advances from Federal Home Loan Bank of New York	94,275		93,839		—		93,839		—
Accrued interest payable	86		86		—		86		—

(1) Includes impaired loans measured at fair value on a non-recurring basis as discussed above.