Fair Value Measurements (Tables)

6 Months Ended

Jun. 30, 2016

Fair Value Disclosures [Abstract]

Schedule of assets measured at fair value on a recurring basis

	June 30, 2016
(In thousands)	Level 1		Level 2		Level 3		Total Fair Value
Available-for-sale portfolio
U.S. Government and agency obligations	$	-	$	5,008	$	-	$	5,008
Mortgage-backed securities – residential		-		13,738		-		13,738
Total available-for-sale securities	$	-	$	18,746	$	-	$	18,746

	December 31, 2015
(In thousands)	Level 1		Level 2		Level 3		Total Fair Value
Available-for-sale portfolio
U.S. Government and agency obligations	$	-	$	5,968	$	-	$	5,968
Mortgage-backed securities – residential		-		14,000		-		14,000
Total available-for-sale securities	$	-	$	19,968	$	-	$	19,968

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

		June 30, 2016				December 31, 2015
	Fair Value	Carrying		Estimated		Carrying		Estimated
(In thousands)	Hierarchy	Amounts		Fair Values		Amounts		Fair Values
Financial assets:
Cash and due from banks	1	$	1,506	$	1,506	$	1,550	$	1,550
Interest earning demand deposits	1		23,647		23,647		4,597		4,597
Securities - available-for-sale	2		18,746		18,746		19,968		19,968
Securities - held-to-maturity	2		7,806		8,029		12,979		13,222
Investment in FHLB stock	2		2,320		2,320		2,388		2,388
Loans held for sale	2		6,477		6,477		3,880		3,880
Loans, net	3		209,738		216,986		201,830		201,886
Accrued interest receivable	1		626		626		655		655
Financial liabilities:
Demand Deposits, Savings, NOW and MMDA	1		115,692		115,692		84,060		84,060
Time Deposits	2		96,141		95,933		101,501		101,272
Borrowings	2		44,241		43,872		46,092		46,447
Accrued interest payable	1		55		55		60		60