Fair Value of Assets and Liabilities (Tables)

12 Months Ended

Dec. 31, 2016

Fair Value Disclosures [Abstract]

Schedule of Assets and Liabilities Measured at Fair Value on a Recurring Basis

Assets and liabilities measured at fair value on a recurring basis are summarized below.  There were no liabilities measured at fair value on a recurring basis at December 31, 2015.

							Total
	Level 1		Level 2		Level 3		FairValue
	(In thousands)
December 31, 2016
Assets:
Securities available for sale:
Debt securities	$	—	$	68,099	$	—	$	68,099
Mutual fund		—		538		—		538
Loans held for sale		—		30,452		—		30,452
Derivative loan commitments		—		617		—		617
Forward loan sale commitments		—		65		—		65
Liabilities:
Forward loan sale commitments		—		47		—		47
December 31, 2015
Assets:
Securities available for sale:
Debt securities	$	—	$	61,722	$	—	$	61,722
Mutual fund		—		545		—		545
Derivative loan commitments		—		93		—		93
Forward loan sale commitments		—		14		—		14

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

The following table summarizes the fair value hierarchy used to determine each adjustment and the carrying value of the related assets as of December 31, 2016 and 2015.  The gains and losses represent the amounts recorded during 2016 and 2015 on the assets held at year-end.  There are no liabilities measured at fair value on a non-recurring basis.

							Year Ended
	December 31, 2016						December 31, 2016
	Level 1		Level 2		Level 3		TotalGains (Losses)
	(In thousands)
Collateral dependent
impaired loans	$	—	$	—	$	518	$	—
Mortgage servicing rights		—		8,486		—		(390	)
	$	—	$	8,486	$	518	$	(390	)

							Year Ended
	December 31, 2015						December 31, 2015
	Level 1		Level 2		Level 3		Total Gains (Losses)
	(In thousands)
Loans held for sale	$	—	$	2,870	$	—	$	—
Collateral dependent
impaired loans		—		—		552		—
Foreclosed real estate		—		—		500		(100	)
Mortgage servicing rights		—		2,567		—		(34	)
	$	—	$	5,437	$	1,052	$	(134	)

Summary of Carrying Values, Estimated Fair Values and Placement in Fair Value Hierarchy of Company's Financial Instruments

The estimated fair values, and related carrying amounts, of the Company’s financial instruments are presented below.  Certain financial instruments and all non-financial instruments are exempt from disclosure requirements.  Accordingly, the aggregate fair value amounts presented herein do not represent the underlying fair value of the Company. This table excludes financial instruments for which the carrying amount approximates fair value. Financial assets for which the fair value approximates carrying value include cash and cash equivalents, certificates of deposit and accrued interest receivable. Financial liabilities for which the fair value approximates carrying value include mortgagor’s escrow accounts and accrued interest payable.

	December 31, 2016
	Carrying		Fair
	Amount		Value		Level 1		Level 2		Level 3
	(In thousands)
Financial assets:
Certificates of deposit	$	3,675	$	3,687	$	—	$	3,687	$	—
Securities available for sale		68,637		68,637		—		68,637		—
Loans held for sale		30,452		30,452		—		30,452		—
Loans, net		332,991		331,132		—		—		331,132
Derivative assets		682		682		—		682		—
Financial liabilities:
Deposits	$	351,179	$	350,979	$	—	$	350,979	$	—
FHLBB advances		38,667		38,531		—		38,531		—
Derivative liabilities		47		47		—		47		—

	December 31, 2015
	Carrying		Fair
	Amount		Value		Level 1		Level 2		Level 3
	(In thousands)
Financial assets:
Certificates of deposit	$	4,675	$	4,711	$	—	$	4,711	$	—
Securities available for sale		62,267		62,267		—		62,267		—
Loans held for sale		2,870		2,931		—		2,931		—
Loans, net		285,151		283,542		—		—		283,542
Derivative assets		107		107		—		107		—
Financial liabilities:
Deposits	$	309,195	$	309,076	$	—	$	309,076	$	—
FHLBB advances		34,914		34,971		—		34,971		—