Fair Value Measurements (Tables)

9 Months Ended

Sep. 30, 2018

Fair Value Disclosures [Abstract]

Schedule of assets measured at fair value on a recurring basis

	September 30, 2018
(In thousands)	Level 1		Level 2		Level 3		Total Fair Value
Available-for-sale portfolio
U.S. Government and agency obligations	$	-	$	10,855	$	-	$	10,855
Mortgage-backed securities – residential		-		6,172		-		6,172
Total available-for-sale securities	$	-	$	17,027	$	-	$	17,027

	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

			September 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	$	1,648	$	1,648	$	1,672	$	1,672
Interest earning demand deposits		1		4,317		4,317		8,725		8,725
Securities - available-for-sale		2		17,027		17,027		18,313		18,313
Securities - held-to-maturity		2		6,335		6,265		6,575		6,588
Investment in restricted stock		2		3,725		3,725		3,270		3,270
Loans held for sale		2		4,662		4,662		2,770		2,770
Loans, net		3		279,065		274,943		262,711		261,588
Accrued interest receivable		1		936		936		824		824
Financial liabilities:
Demand Deposits, Savings, NOW and MMDA		1		102,730		102,730		103,377		103,377
Time Deposits		2		116,654		116,657		113,314		113,501
Borrowings		2		73,796		74,348		64,447		64,502
Accrued interest payable		1		156		156		94		94