Fair Value Measurements (Tables)

3 Months Ended

Mar. 31, 2018

Fair Value Disclosures [Abstract]

Schedule of assets measured at fair value on a recurring basis

	March 31, 2018
(In thousands)	Level 1		Level 2		Level 3		Total Fair Value
Available-for-sale portfolio
U.S. Government and agency obligations	$	-	$	10,404	$	-	$	10,404
Mortgage-backed securities – residential		-		7,388		-		7,388
Total available-for-sale securities	$	-	$	17,792	$	-	$	17,792

	December 31, 2017
(In thousands)	Level 1		Level 2		Level 3		Total Fair Value
Available-for-sale portfolio
U.S. Government and agency obligations	$	-	$	10,470	$	-	$	10,470
Mortgage-backed securities – residential		-		7,843		-		7,843
Total available-for-sale securities	$	-	$	18,313	$	-	$	18,313

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

			March 31, 2018				December 31, 2017
	Fair Value		Carrying		Estimated		Carrying		Estimated
(In thousands)	Hierarchy		Amounts		Fair Values		Amounts		Fair Values
Financial assets:
Cash and due from banks		1	$	1,484	$	1,484	$	1,672	$	1,672
Interest earning demand deposits		1		6,220		6,220		8,725		8,725
Securities - available-for-sale		2		17,792		17,792		18,313		18,313
Securities - held-to-maturity		2		6,404		6,356		6,575		6,588
Investment in restricted stock		2		3,274		3,274		3,270		3,270
Loans held for sale		2		2,244		2,244		2,770		2,770
Loans, net		3		266,541		261,662		262,711		261,588
Accrued interest receivable		1		809		809		824		824
Financial liabilities:
Demand Deposits, Savings, NOW and MMDA		1		102,539		102,539		103,377		103,377
Time Deposits		2		114,218		114,604		113,314		113,501
Borrowings		2		64,535		64,777		64,447		64,502
Accrued interest payable		1		133		133		94		94