Fair Value Measurements (Tables)

9 Months Ended

Sep. 30, 2019

Fair Value Disclosures [Abstract]

Schedule of assets measured at fair value on a recurring basis

	September 30, 2019
(In thousands)	Level 1		Level 2		Level 3		Total Fair Value
Available-for-sale portfolio
U.S. Government and agency obligations	$	–	$	13,597	$	–	$	13,597
Mortgage-backed securities – residential		–		4,403		–		4,403
Total available-for-sale securities	$	–	$	18,000	$	–	$	18,000

	December 31, 2018
(In thousands)	Level 1		Level 2		Level 3		Total Fair Value
Available-for-sale portfolio
U.S. Government and agency obligations	$	–	$	12,455	$	–	$	12,455
Mortgage-backed securities – residential		–		5,876		–		5,876
Total available-for-sale securities	$	–	$	18,331	$	–	$	18,331

Fair Value Measurements, Nonrecurring [Table Text Block]

	September 30, 2019
(In thousands)	Level 1		Level 2		Level 3		Total Fair Value
Impaired loans	$	–	$	–	$	779	$	779
Loans held for sale	$	–	$	3,690	$	–	$	3,690
Total loans	$	–	$	3,690	$	779	$	4,469

	December 31, 2018
(In thousands)	Level 1		Level 2		Level 3		Total Fair Value
Impaired loans	$	–	$	–	$	–	$	–
Loans held for sale	$	–	$	2,133	$	–	$	2,133
Total loans	$	–	$	2,133	$	–	$	2,133

Schedule of additional quantitative information of assets measured at fair value on a nonrecurring basis

	Quantitative Information about Level 3 Fair Value Measurements
	Valuation		Range
At September 30, 2019	Techniques	Unobservable Input	(Weighted Avg.)
Impaired loans	Appraisal of collateral	Appraisal Adjustments	23.6% - 28.9%  (27.3%)
	(Sales Approach)	Costs to Sell	6.1% - 50.7%  (19.0%)

Schedule of carrying amounts and estimated fair values of the financial instruments

	September 30, 2019					December 31, 2018
	Fair Value	Carrying		Estimated		Carrying		Estimated
(In thousands)	Hierarchy	Amounts		Fair Values		Amounts		Fair Values
Financial assets:
Cash and due from banks	1	$	1,485	$	1,485	$	1,581	$	1,581
Interest earning demand deposits	1		3,731		3,731		4,710		4,710
Securities - available-for-sale	2		18,000		18,000		18,331		18,331
Securities - held-to-maturity	2		6,011		6,137		6,052		6,030
Investment in restricted stock	2		2,961		2,961		3,637		3,637
Loans held for sale	2		3,690		3,690		2,133		2,133
Loans, net	3		276,711		287,796		281,741		280,173
Accrued interest receivable	1		912		912		876		876
Financial liabilities:
Demand deposits, savings, NOW and MMDA	1		96,799		96,799		98,681		98,681
Time deposits	2		136,084		136,367		123,934		124,182
Borrowings	2		56,262		57,084		71,826		71,086
Accrued interest payable	1		119		119		168		168