Fair Value Measurements (Tables)

6 Months Ended

Jun. 30, 2017

Fair Value Disclosures [Abstract]

Schedule of assets measured at fair value on a recurring basis

	June 30, 2017
(In thousands)	Level 1		Level 2		Level 3		Total Fair Value
Available-for-sale portfolio
U.S. Government and agency obligations	$	-	$	10,529	$	-	$	10,529
Mortgage-backed securities – residential		-		7,866		-		7,866
Total available-for-sale securities	$	-	$	18,395	$	-	$	18,395

	December 31, 2016
(In thousands)	Level 1		Level 2		Level 3		Total Fair Value
Available-for-sale portfolio
U.S. Government and agency obligations	$	-	$	7,999	$	-	$	7,999
Mortgage-backed securities – residential		-		9,748		-		9,748
Total available-for-sale securities	$	-	$	17,747	$	-	$	17,747

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

		June 30, 2017				December 31, 2016
	Fair Value	Carrying		Estimated		Carrying		Estimated
(In thousands)	Hierarchy	Amounts		Fair Values		Amounts		Fair Values
Financial assets:
Cash and due from banks	1	$	1,761	$	1,761	$	1,634	$	1,634
Interest earning demand deposits	1		6,468		6,468		5,773		5,773
Securities - available-for-sale	2		18,395		18,395		17,747		17,747
Securities - held-to-maturity	2		6,598		6,644		7,420		7,384
Investment in restricted stock	2		2,909		2,909		2,886		2,886
Loans held for sale	2		2,412		2,412		2,059		2,059
Loans, net	3		242,070		241,688		226,192		225,569
Accrued interest receivable	1		699		699		652		652
Financial liabilities:
Demand Deposits, Savings, NOW and MMDA	1		102,633		102,633		94,926		94,926
Time Deposits	2		99,202		99,441		88,008		88,043
Borrowings	2		55,148		55,163		56,813		57,008
Accrued interest payable	1		84		84		71		71