Fair Value Measurements (Tables)

6 Months Ended

Jun. 30, 2018

Fair Value Disclosures [Abstract]

Schedule of assets measured at fair value on a recurring basis

	June 30, 2018
(In thousands)	Level 1		Level 2		Level 3		Total Fair Value
Available-for-sale portfolio
U.S. Government and agency obligations	$	-	$	10,886	$	-	$	10,886
Mortgage-backed securities – residential		-		6,862		-		6,862
Total available-for-sale securities	$	-	$	17,748	$	-	$	17,748

	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

		June 30, 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	$	1,672	$	1,672	$	1,672	$	1,672
Interest earning demand deposits	1		6,051		6,051		8,725		8,725
Securities - available-for-sale	2		17,748		17,748		18,313		18,313
Securities - held-to-maturity	2		6,347		6,307		6,575		6,588
Investment in restricted stock	2		3,492		3,492		3,270		3,270
Loans held for sale	2		7,300		7,300		2,770		2,770
Loans, net	3		270,576		265,743		262,711		261,588
Accrued interest receivable	1		851		851		824		824
Financial liabilities:
Demand Deposits, Savings, NOW and MMDA	1		105,081		105,081		103,377		103,377
Time Deposits	2		116,883		117,475		113,314		113,501
Borrowings	2		68,618		63,223		64,447		64,502
Accrued interest payable	1		139		139		94		94