10-Q

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D. C. 20549

FORM 10-Q

x QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the quarterly period ended  March 31, 2019

OR

¨ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the transition period from ____________ to _______________

Commission File No. 001-38162

Eagle Financial Bancorp, Inc.

(Exact name of registrant as specified in its charter)

Maryland	(82-1340349)
(State or other jurisdiction of incorporation or organization)	(I.R.S. Employer Identification No.)

6415 Bridgetown Road, Cincinnati, OH  45248

(Address of principal executive office)

Registrant’s telephone number, including area code: (513) 574-0700

N/A

(Former name, former address and former fiscal year, if changed since last report)

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Sections 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports) and (2) has been subject to such filing requirements for the past 90 days.

Yes x No ¨

Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T during the preceding 12 months (or for such shorter period that the registrant was required to submit such files).

Yes x No ¨

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, smaller reporting company, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company,” and “emerging growth company” in Rule 12b-2 of the Exchange Act.

Large accelerated filer	¨	Accelerated filer ¨
Non-accelerated filer	x
Smaller reporting company	x
Emerging growth company	x

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.  ¨

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act).

Yes ¨ No x

Securities registered pursuant to Section 12(b) of the Act:

Title of each class	Trading Symbol(s)	Name of each exchange on which registered
Common Stock, par value $0.01 per share	EFBI	The NASDAQ Stock Market, LLC

There were 1,642,758 shares of the Registrant’s common stock issued and outstanding as of May 10, 2019.

INDEX

		Page
	Part I. Financial Information
Item 1.	Condensed Consolidated Balance Sheets as of March 31, 2019 (Unaudited) and December 31, 2018	3
	Condensed Consolidated Statements of Income and Comprehensive Income for the Three Months Ended March 31, 2019 and 2018 (Unaudited)	4
	Condensed Consolidated Statements of Shareholders’ Equity for the Three Months ended March 31, 2019 and 2018 (Unaudited)	5
	Condensed Consolidated Statements of Cash Flows for the Three Months Ended March 31, 2019 and 2018 (Unaudited)	6
	Notes to Consolidated Financial Statements (Unaudited)	8
Item 2.	Management’s Discussion and Analysis of Financial Condition and Results of Operations	32
Item 3.	Quantitative and Qualitative Disclosures about Market Risk	40
Item 4.	Controls and Procedures	40
	Part II. Other Information
Item 1.	Legal Proceedings	40
Item 1A.	Risk Factors	40
Item 2.	Unregistered Sales of Equity Securities and Use of Proceeds	40
Item 3.	Defaults upon Senior Securities	40
Item 4.	Mine Safety Disclosures	40
Item 5.	Other Information	40
Item 6.	Exhibits	41
	Signatures	42

2

Part I. Financial Information

Item 1. Financial Statements

Eagle Financial Bancorp, Inc.

Condensed Consolidated Balance Sheets

March 31, 2019 (Unaudited) and December 31, 2018

(Amounts in thousands, except share and per share data)

	March 31,			December 31,
	2019			2018
Assets
Cash and due from banks	$	450		$	471
Federal Reserve and Federal Home Loan Bank (FHLB) demand accounts		6,631			6,963
Cash and cash equivalents		7,081			7,434
Interest-bearing time deposits in other banks		2,739			3,486
Loans held for sale		3,000			1,827
Loans, net of allowance for loan losses of $1,152 and $1,187 at March 31, 2019 and December 31, 2018, respectively		112,783			113,317
Premises and equipment - at depreciated cost		4,168			4,210
FHLB stock - at cost		754			754
Foreclosed real estate held for sale, net		-			217
Bank-owned life insurance (BOLI)		1,970			1,958
FHLB lender risk account receivable		3,373			3,377
Accrued interest receivable		364			354
Other assets		313			151
Total assets	$	136,545		$	137,085
Liabilities and Shareholders' Equity
Liabilities
Deposits
Noninterest-bearing	$	5,654		$	5,878
Interest-bearing		100,312			100,491
Total deposits		105,966			106,369
Advances from borrowers for taxes and insurance		624			950
Accrued interest payable		2			1
Accrued supplemental retirement plans		1,355			1,301
Accrued federal income tax		261			182
Deferred federal tax liability		79			131
Other liabilities		426			377
Total liabilities		108,713			109,311
Shareholders' Equity
Preferred stock, $0.01 par value, 5,000,000 shares authorized; none issued and outstanding		-			-
Common stock, $0.01 par value, 50,000,000 shares authorized at March 31, 2019 and December 31, 2018; issued 1,654,758 at March, 2019 and December 31, 2018; outstanding 1,642,758 at March 31, 2019 and 1,649,758 at December 31, 2018		16			16
Additional paid-in capital		14,906			14,836
Retained earnings		14,242			14,161
Treasury Stock, at cost 12,000 shares at March 31, 2019 and 5,000 shares at December 31, 2018		(187	)		(78	)
Unearned Employee Stock Ownership Plan ("ESOP") shares		(1,145	)		(1,161	)
Total shareholders' equity		27,832			27,774
Total liabilities and shareholders' equity	$	136,545		$	137,085

See accompanying notes to condensed financial statements.

3

Eagle Financial Bancorp, Inc.

Condensed Consolidated Statements of Income and Comprehensive Income

Three Months Ended March 31, 2019 and 2018 (Unaudited)

(Amounts in thousands, except share and per share data)

	Three Months Ended
	March 31,
	2019		2018
Interest and Dividend Income
Interest earned on loans	$	1,284	$	1,091
Dividends on FHLB stock		11		10
Other interest-earning deposits		59		64
Total interest and dividend income		1,354		1,165
Interest Expense
Interest on deposits		237		169
Total interest expense		237		169
Net Interest Income		1,117		996
Provision for Loan Losses		-		-
Net Interest Income After Provision for Loan Losses		1,117		996
Noninterest Income
Net gains on loan sales		329		378
Other service charges and fees		40		41
Gain on sale of foreclosed real estate		28		-
Income from BOLI		12		11
Total noninterest income		409		430
Noninterest Expense
Compensation and benefits		962		841
Occupancy and equipment, net		59		63
Data processing		95		112
Legal and professional services		82		72
FDIC premium expense		-		10
Foreclosed real estate impairments and expenses, net		21		-
Franchise and other taxes		56		41
Advertising		10		10
ATM processing expense		24		20
Other expenses		108		108
Total noninterest expense		1,417		1,277
Income Before Income Taxes		109		149
Income Taxes
Provision for Income taxes		28		21
Total income taxes		28		21
Net Income and Comprehensive Income	$	81	$	128
Earnings per share - basic and diluted	$	0.05	$	0.09
Weighted-average shares outstanding - basic and diluted		1,490,283		1,491,310

See accompanying notes to condensed financial statements.

4

Eagle Financial Bancorp, Inc.

Condensed Consolidated Statements of Shareholders’ Equity

Three Months Ended March 31, 2019 and 2018 (Unaudited)

(Amounts in thousands, except share and per share data)

			Additional							Unearned
	Common		Paid-In		Retained		Treasury			ESOP
	Stock		Capital		Earnings		Stock			Shares			Total
Balance at January 1, 2018	$	16	$	14,730	$	13,817	$	-		$	(1,226	)	$	27,337
Net income		-		-		128		-			-			128
ESOP shares earned		-		10		-		-			16			26
Balance at March 31, 2018	$	16	$	14,740	$	13,945	$	-		$	(1,210	)	$	27,491
Balance at January 1, 2019	$	16	$	14,836	$	14,161	$	(78	)	$	(1,161	)	$	27,774
Net income		-		-		81		-			-			81
ESOP shares earned		-		9		-		-			16			25
Stock based compensation expense		-		61		-		-			-			61
Repurchase of common stock		-		-		-		(109	)		-			(109	)
Balance at March 31, 2019	$	16	$	14,906	$	14,242	$	(187	)	$	(1,145	)	$	27,832

See accompanying notes to condensed financial statements.

5

Eagle Financial Bancorp, Inc.

Condensed Consolidated Statements of Cash Flows

Three Months Ended March 31, 2019 and 2018 (Unaudited)

(Amounts in thousands, except share and per share data)

	Three Months Ended
	March 31,
	2019			2018
Operating Activities
Net income	$	81		$	128
Items not requiring (providing) cash:
Depreciation and amortization		49			51
Amortization of deferred loan fees		2			(9	)
Proceeds on sale of loans in the secondary market		8,715			10,747
Loans originated for sale in the secondary market		(9,559	)		(9,891	)
Gain on sale of loans		(329	)		(378	)
Gain on sale of foreclosed real estate		(28	)		-
Deferred federal tax liability		(52	)		2
Increase in cash surrender value of BOLI		(12	)		(11	)
Stock based compensation expense		61			-
ESOP compensation expense		25			26
Changes in:
FHLB lender risk account receivable		4			(20	)
Accrued interest receivable		(10	)		(29	)
Other assets and prepaid federal income taxes		(162	)		(251	)
Accrued federal income taxes		79			-
Accrued supplemental retirement plans		54			56
Accrued expenses and other liabilities		50			(126	)
Net cash flows (used in) provided by operating activities		(1,032	)		295
Investing Activities
Net decrease (increase) in interest-bearing time deposits in other banks		747			(399	)
Net decrease (increase) in loans		532			(5,896	)
Purchase of premises and equipment		(7	)		(18	)
Purchase of FHLB stock		-			(18	)
Proceeds from sale of foreclosed real estate		245			-
Net cash provided by (used in) investing activities		1,517			(6,331	)
Financing Activities
Net (decrease) increase in deposits		(403	)		1,373
Repayment of FHLB advances		-			(5	)
Repurchase of common stock		(109	)		-
Net decrease in advances from borrowers for taxes and insurance		(326	)		(307	)
Net cash (used in) provided by financing activities		(838	)		1,061
Decrease in Cash and Cash Equivalents		(353	)		(4,975	)
Cash and Cash Equivalents, Beginning of Period		7,434			15,350
Cash and Cash Equivalents, End of Period	$	7,081		$	10,375

(Continued)

6

Eagle Financial Bancorp, Inc.

Condensed Consolidated Statements of Cash Flows

Three Months Ended March 31, 2019 and 2018 (Unaudited)

(Amounts in thousands, except share and per share data)

	Three Months Ended
	March 31,
	2019		2018
Supplemental Cash Flows Information:
Interest paid	$	236	$	169

See accompanying notes to condensed financial statements.

7

Eagle Financial Bancorp, Inc.

Notes to Condensed Consolidated Financial Statements

March 31, 2019 (Unaudited) and December 31, 2018

Three Months Ended March 31, 2019 and 2018 (Unaudited)

(Amounts in thousands, except share and per share data)

Note 1: Nature of Operations and Summary of Significant Accounting Policies

General

Eagle Financial Bancorp, Inc. (the “Company”), a Maryland corporation and registered savings and loan holding company, was formed on February 21, 2017 to become the bank holding company for Eagle Savings Bank (the “Bank”). The Bank, an Ohio chartered savings and loan association, completed its mutual-to-stock conversion on July 20, 2017. In connection with the Bank’s conversion, the Company acquired 100% ownership of the Bank and the Company offered and sold 1,572,808 shares of its common stock at $10.0 per share, for gross offering proceeds of $15,728. The cost of the conversion and issuance of common stock was approximately $1,423, which was deducted from the gross offering proceeds. The Company also contributed 40,000 shares of its common stock and $100 of cash to Eagle Savings Bank Charitable Foundation (the “Foundation”), a charitable foundation formed in connection with the Bank’s conversion. The Bank’s employee stock ownership plan (“ESOP”) purchased 129,024 shares of the common stock sold by the Company, which was 8% of the 1,612,808 shares of common stock issued by the Company, including the shares contributed to the Foundation. The ESOP purchased the shares using a loan from the Company. The Company contributed $7,153 of the net proceeds from the offering to the Bank, loaned $1,290 of the net proceeds to the ESOP, contributed $100 to the Foundation and retained approximately $5,763 of the net proceeds.

Following the Bank’s conversion, voting rights are held and exercised exclusively by the shareholders of the holding company. Deposit account holders continue to be insured by the FDIC. A liquidation account was established in an amount equal to the Bank’s total equity as of the latest balance sheet date in the final offering circular used in the conversion. Each eligible account holder or supplemental account holder are entitled to a proportionate share of this account in the event of a complete liquidation of the Bank, and only in such event. This share will be reduced if the eligible account holder’s or supplemental account holder’s deposit balance falls below the amounts on the date of record and will cease to exist if the account is closed. The liquidation account will never be increased despite any increase after conversion in the related deposit balance.

The Bank may not pay a dividend on its capital stock, if the effect thereof would cause retained earnings to be reduced below the liquidation account amount or regulatory capital requirements. In addition, the stock holding company will be subject to certain regulations related to the payment of dividends and the repurchase of its capital stock.

The Conversion was accounted for as a change in corporate form with the historic basis of the Bank’s assets, liabilities and equity unchanged as a result.

Basis of Presentation and Consolidation

The condensed consolidated financial statements as of March 31, 2019 and December 31, 2018 and for the three months ended March 31, 2019 and 2018, include Eagle Financial Bancorp, Inc. and the Bank, its wholly owned subsidiary. Intercompany transactions and balances have been eliminated in consolidation.

8

Eagle Financial Bancorp, Inc.

Notes to Condensed Consolidated Financial Statements

March 31, 2019 (Unaudited) and December 31, 2018

Three Months Ended March 31, 2019 and 2018 (Unaudited)

(Amounts in thousands, except share and per share data)

The accompanying condensed balance sheet of the Company as of December 31, 2018, which has been derived from audited financial statements, and unaudited condensed financial statements of the Company as of March 31, 2019 and for the three months ended March 31, 2019 and 2018, were prepared in accordance with instructions for Form 10-Q and Article 8-03 of Regulation S-X and, therefore, do not include information or footnotes necessary for a complete presentation of financial position, results of operations and cash flows in accounting principles generally accepted in the United States of America. Accordingly, these condensed financial statements should be read in conjunction with the financial statements and notes thereto of the Company for the year ended December 31, 2018 included in the Registrant’s Form 10-K (the “Form 10-K”). Reference is made to the accounting policies of the Company described in the Notes to Financial Statements contained in the Form 10-K.

In the opinion of management, all adjustments (consisting only of normal recurring adjustments) which are necessary for a fair presentation of the unaudited condensed financial statements have been included to present fairly the financial position as of March 31, 2019 and the results of operations and cash flows for the three months ended March 31, 2019 and 2018. All interim amounts have not been audited and the results of operations for the three months ended March 31, 2019 and 2018, herein are not necessarily indicative of the results of operations to be expected for the entire year.

Revenue Recognition

Accounting Standards Codification ("ASC") 606, Revenue from Contracts with Customers ("ASC 606"), establishes principles for reporting information about the nature, amount, timing and uncertainty of revenue and cash flows arising from the entity's contracts to provide goods or services to customers. The core principle requires an entity to recognize revenue to depict the transfer of goods or services to customers in an amount that reflects the consideration that it expects to be entitled to receive in exchange for those goods or services recognized as performance obligations are satisfied.

The majority of our revenue-generating transactions are not subject to ASC 606, including revenue generated from financial instruments, such as our loans, as well as revenue related to our mortgage banking activities, as these activities are subject to other GAAP discussed elsewhere within our disclosures.

Descriptions of our revenue-generating activities that are within the scope of ASC 606, which are presented in our income statements as components of non-interest income are as follows:

Service charges on deposit accounts - these represent general service fees for monthly account maintenance and activity- or transaction-based fees and consist of transaction-based revenue, time-based revenue (service period), item-based revenue or some other individual attribute-based revenue. Revenue is recognized when our performance obligation is completed which is generally monthly for account maintenance services or when a transaction has been completed (such as a wire transfer). Payment for such performance obligations are generally received at the time the performance obligations are satisfied.

Use of Estimates

The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates.

9

Eagle Financial Bancorp, Inc.

Notes to Condensed Consolidated Financial Statements

March 31, 2019 (Unaudited) and December 31, 2018

Three Months Ended March 31, 2019 and 2018 (Unaudited)

(Amounts in thousands, except share and per share data)

Material estimates that are particularly susceptible to significant change relate to the determination of the allowance for loan losses, valuation of real estate acquired in connection with foreclosures or in satisfaction of loans, and fair values of financial instruments.

Recently Adopted Accounting Pronouncements

ASU No. 2016-01 was issued in January 2016 and applies to all entities that hold financial assets or owe financial liabilities. ASU 2016-01 is intended to improve the recognition and measurement of financial instruments by requiring equity investments to be measured at fair value with changes in fair value recognized in net income; requiring public entities to use the exit price notion when measuring the fair value of financial instruments for disclosure purposes; requiring separate presentation of financial assets and financial liabilities by measurement category and form of financial asset on the balance sheet or the accompanying notes to the financial statements; eliminating the requirement for public business entities to disclose the method(s) and significant assumptions used to estimate the fair value that is required to be disclosed for financial instruments measured and amortized at cost on the balance sheet; and requiring a reporting organization to present separately in other comprehensive income the portion of the total change in the fair value of a liability resulting from a change in the instruments specific credit risk when the organization has elected to measure the liability at fair value in accordance with the fair value option for financial instruments. ASU 2016-01 is effective for annual periods and interim periods within those periods, beginning after December 15, 2018. The amendments should be applied by means of a cumulative-effect adjustment to the balance sheet as of the beginning of the fiscal year of adoption. The Company has adopted ASU 2016-01 on January 1, 2019 and it did not have a material effect on its fair value disclosures and other disclosure requirements. These amendments did have an impact on certain items that were disclosed at fair value that did not utilize the exit price notion when measuring fair value. For additional information on fair value of assets and liabilities, see Note 7.

In May 2014, the FASB issued ASU No. 2014-09 “Revenue from Contracts with Customers (Topic 606)” (ASU 2014-09). This update to the ASC is the culmination of efforts by the FASB and the International Accounting Standards Board (IASB) to develop a common revenue standard for U.S. GAAP and International Financial Reporting Standards (IFRS). ASU 2014-09 supersedes Topic 605 – Revenue Recognition and most industry-specific guidance. The core principle of the guidance is that an entity should recognize revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. The guidance in ASU 2014-09 describes a 5-step process entities can apply to achieve the core principle of revenue recognition and requires disclosures sufficient to enable users of financial statements to understand the nature, amount, timing, and uncertainty of revenue and cash flows arising from contracts with customers and the significant judgments used in determining that information. Originally, the amendments in ASU 2014-09 were effective for annual reporting periods beginning after December 15, 2016, including interim periods within that reporting period and early application is not allowed. In July 2015, the FASB extended the implementation date to annual reporting periods beginning after December 15, 2017 including interim periods within that reporting period. Transitional guidance is included in the update. Earlier adoption is permitted only as of annual reporting periods beginning after December 31, 2016, including interim periods within that reporting period. The Company’s revenue is comprised of net interest income, which is explicitly excluded from the scope of ASU 2014-09, and non- interest income. The Company has adopted ASU 2014-09 on January 1, 2019 and it did not identify any changes in the timing of revenue recognition when considering the amended accounting guidance. The Company included additional disclosures beginning in the first quarter of 2019 as required by the guidance.

10

Eagle Financial Bancorp, Inc.

Notes to Condensed Consolidated Financial Statements

March 31, 2019 (Unaudited) and December 31, 2018

Three Months Ended March 31, 2019 and 2018 (Unaudited)

(Amounts in thousands, except share and per share data)

Note 2: Earnings Per Common Share

Basic earnings per common share (“EPS”) allocated to common shareholders is calculated using the two-class method and is computed by dividing net income allocated to common shareholders by the weighted average number of common shares outstanding during the period. Unallocated common shares held by the Company’s Employee Stock Ownership Plan (“the ESOP”) are shown as a reduction in stockholder’s equity and are excluded from weighted-average common shares outstanding for both basic and diluted EPS calculations until they are committed to be released. Diluted earnings per share is adjusted for the dilutive effects of stock based compensation and is calculated using the two-class method or the treasury method. There were no dilutive effects at March 31, 2019 or 2018.

The following table presents a reconciliation of the number of shares used in the calculation of basic and diluted earnings per common share:

	Three Months Ended		Three Months Ended
	March 31, 2019		March 31, 2018
Net income	$	81	$	128
Less allocation of earnings to participating securities		-		-
Net income allocated to common shareholders	$	81	$	128
Shares Outstanding for basic earnings per common share:
Weighted Average shares outstanding:		1,605,330		1,612,808
Less: Average Unearned ESOP shares:		115,047		121,498
Weighted average number of shares outstanding used in the calculation of basic earnings per common share		1,490,283		1,491,310
Basic earnings per common share:	$	0.05	$	0.09
Effect of dilutive securities:
Stock Options		-		-
Weighted average number of shares outstanding used in the calculation of dilutive earnings per common share		1,490,283		1,491,310
Diluted earnings per common share:	$	0.05	$	0.09

All stock options were anti-dilutive, therefore not included in dilutive securities.

11

Eagle Financial Bancorp, Inc.

Notes to Condensed Consolidated Financial Statements

March 31, 2019 (Unaudited) and December 31, 2018

Three Months Ended March 31, 2019 and 2018 (Unaudited)

(Amounts in thousands, except share and per share data)

Note 3: Loans and Allowance for Loan Losses

The composition of the loan portfolio at March 31, 2019 and December 31, 2018 was as follows:

	March 31,			December 31,
	2019			2018
Residential mortgage loans	$	69,892		$	67,169
Commercial real estate and land loans		16,617			17,587
Home equity and other consumer		12,423			13,773
Residential construction loans		10,252			11,756
Residential mortgage loans, non-owner occupied		6,447			6,464
Multi-family real estate loans		1,166			1,185
Commercial loans		5,973			6,041
		122,770			123,975
Net deferred loan costs		16			14
Loans in process		(8,851	)		(9,485	)
Allowance for loan losses		(1,152	)		(1,187	)
Net loans	$	112,783		$	113,317

Loans serviced for the benefit of others at March 31, 2019 and December 31, 2018 amounted to $1,770 and $1,816, respectively.

Loans in process relates to primarily residential mortgage loans.

Risk characteristics applicable to each segment of the loan portfolio are described as follows.

Residential Mortgage Loans, including Construction Loans and Land Loans: The residential 1-4 family real estate loans and construction loans are generally secured by owner-occupied 1-4 family residences. Repayment of these loans is primarily dependent on the personal income and credit rating of the borrowers. Credit risk in these loans can be impacted by economic conditions within the Bank’s market areas that might impact either property values or a borrower’s personal income. Land loans are secured primarily by unimproved land for future residential use. Risk is mitigated by the fact that the loans are of smaller individual amounts and spread over a large number of borrowers.

Residential Mortgage Loans, Non-Owner Occupied: One-to-four family, non-owner occupied loans carry greater inherent risks than one-to-four family, owner occupied loans, since the repayment ability of the borrower is generally reliant on the success of the income generated from the property.

Commercial Real Estate and Multi-Family Real Estate: Commercial real estate loans typically involve larger principal amounts, and repayment of these loans is generally dependent on the successful operations of the property securing the loan or the business conducted on the property securing the loan. Multi-family real estate loans are generally secured by apartment complexes. These loans are viewed primarily as cash flow loans and secondarily as loans secured by real estate. Credit risk in these loans may be impacted by the creditworthiness of a borrower, property values and the local economies in the Bank’s market areas.

12

Eagle Financial Bancorp, Inc.

Notes to Condensed Consolidated Financial Statements

March 31, 2019 (Unaudited) and December 31, 2018

Three Months Ended March 31, 2019 and 2018 (Unaudited)

(Amounts in thousands, except share and per share data)

Commercial: The commercial portfolio includes loans to commercial customers for use in financing working capital needs, equipment purchases and expansions. The loans in this category are repaid primarily from the cash flow of a borrower’s principal business operation. Credit risk in these loans is driven by creditworthiness of a borrower and the economic conditions that impact the cash flow stability from business operations.

Home equity and Other Consumer: The consumer loan portfolio consists of home equity loans and term and line of credit loans such as automobile loans and loans for other personal purposes. Repayment of the home equity loans is primarily dependent on the personal income and credit rating of the borrowers. Credit risk in these loans can be impacted by economic conditions within the Bank’s market areas that might impact either property values or a borrower’s personal income. Repayment for term and line of credit loans will come from a borrower’s income sources that are typically independent of the loan purpose. Credit risk is driven by consumer economic factors (such as unemployment and general economic conditions in the Bank’s market area) and the creditworthiness of a borrower.

13

Eagle Financial Bancorp, Inc.

Notes to Condensed Consolidated Financial Statements

March 31, 2019 (Unaudited) and December 31, 2018

Three Months Ended March 31, 2019 and 2018 (Unaudited)

(Amounts in thousands, except share and per share data)

The following tables present the activity in the allowance for loan losses and the recorded investment in loans based on portfolio segment and impairment method for the three months ended March 31, 2019 and 2018 and year ended December 31, 2018:

Three Months Ended March 31, 2019 (Unaudited)	Residential Mortgage Loans		Commercial Real Estate and Land Loans			Home Equity and Other Consumer			Residential Construction Loans			Residential Mortgage Loans Non- Owner Occupied			Multi- Family Real Estate Loans		Commercial Loans			Total
Allowance for loan losses:
Balance, beginning of year	$	409	$	260		$	313		$	128		$	42		$	14	$	21		$	1,187
Provision charged to expense		11		(14	)		21			(16	)		(1	)		-		(1	)		-
Losses charged off		-		-			(39	)		-			-			-		-			(39	)
Recoveries		4		-			-			-			-			-		-			4
Balance, end of year	$	424	$	246		$	295		$	112		$	41		$	14	$	20		$	1,152
Ending balance:  individually evaluated for impairment	$	3	$	-		$	-		$	-		$	-		$	-	$	-		$	3
Ending balance:  collectively evaluated for impairment	$	421	$	246		$	295		$	112		$	41		$	14	$	20		$	1,149
Loans:
Ending balance	$	69,892	$	16,617		$	12,423		$	10,252		$	6,447		$	1,166	$	5,973		$	122,770
Ending balance:  individually evaluated for impairment	$	74	$	-		$	42		$	-		$	187		$	-	$	-		$	303
Ending balance:  collectively evaluated for impairment	$	69,818	$	16,617		$	12,381		$	10,252		$	6,260		$	1,166	$	5,973		$	122,467

Three Months Ended March 31, 2018 (Unaudited)	Residential Mortgage Loans		Commercial Real Estate and Land Loans		Home Equity and Other Consumer		Residential Construction Loans		Residential Mortgage Loans Non- Owner Occupied			Multi- Family Real Estate Loans		Commercial Loans		Total
Allowance for loan losses:
Balance, beginning of year	$	283	$	199	$	276	$	116	$	122		$	25	$	160	$	1,181
Provision charged to expense		1		10		17		7		(35	)		-		-		-
Losses charged off		-		-		-		-		-			-		-		-
Recoveries		4		-		-		-		-			-		-		4
Balance, end of period	$	288	$	209	$	293	$	123	$	87		$	25	$	160	$	1,185

14

Eagle Financial Bancorp, Inc.

Notes to Condensed Consolidated Financial Statements

March 31, 2019 (Unaudited) and December 31, 2018

Three Months Ended March 31, 2019 and 2018 (Unaudited)

(Amounts in thousands, except share and per share data)

Year Ended December 31, 2018	Residential Mortgage Loans			Commercial Real Estate and Land Loans			Home Equity and Other Consumer			Residential Construction Loans		Residential Mortgage Loans Non- Owner Occupied			Multi- Family Real Estate Loans			Commercial Loans			Total
Allowance for loan losses:
Balance, beginning of year	$	283		$	199		$	276		$	116	$	122		$	25		$	160		$	1,181
Provision charged to expense		146			129			44			12		(82	)		(11	)		(139	)		99
Losses charged off		(35	)		(68	)		(7	)		-		-			-			-			(110	)
Recoveries		15			-			-			-		2			-			-			17
Balance, end of year	$	409		$	260		$	313		$	128	$	42		$	14		$	21		$	1,187
Ending balance:  individually evaluated for impairment	$	3		$	-		$	-		$	-	$	-		$	-		$	-		$	3
Ending balance:  collectively evaluated for impairment	$	406		$	260		$	313		$	128	$	42		$	14		$	21		$	1,184
Loans:
Ending balance	$	67,169		$	17,587		$	13,773		$	11,756	$	6,464		$	1,185		$	6,041		$	123,975
Ending balance:  individually evaluated for impairment	$	74		$	-		$	43		$	-	$	190		$	-		$	-		$	307
Ending balance:  collectively evaluated for impairment	$	67,095		$	17,587		$	13,730		$	11,756	$	6,274		$	1,185		$	6,041		$	123,668

Internal Risk Categories

Loan grades are numbered 1 through 8. Grades 5 through 8 are considered satisfactory grades. The grade of 1, or Special Mention, represents loans of lower quality and is considered criticized. The grades of 2, or Substandard, 3, or Doubtful, and 4, or Loss refer to assets that are classified. The use and application of these grades by the Bank will be uniform and shall conform to the Bank’s policy.

Special Mention (grade 1) assets have potential weaknesses that deserve management’s close attention. If left uncorrected, these potential weaknesses may result in deterioration of the repayment prospects for the asset or in the institution’s credit position at some future date. Special mention assets are not adversely classified and do not expose an institution to sufficient risk to warrant adverse classification. Ordinarily, special mention credits have characteristics which corrective management action would remedy.

Substandard (grade 2) loans are inadequately protected by the current sound worth and paying capacity of the obligor or of the collateral pledged, if any. Loans so classified must have a well-defined weakness or weaknesses that jeopardize the liquidation of the debt. They are characterized by the distinct possibility that the Bank will sustain some loss if the deficiencies are not corrected.

15

Eagle Financial Bancorp, Inc.

Notes to Condensed Consolidated Financial Statements

March 31, 2019 (Unaudited) and December 31, 2018

Three Months Ended March 31, 2019 and 2018 (Unaudited)

(Amounts in thousands, except share and per share data)

Doubtful (grade 3) loans classified as doubtful have all the weaknesses inherent in those classified Substandard with the added characteristic that the weaknesses make collection or liquidation in full, on the basis of current known facts, conditions and values, highly questionable and improbable.

Loss (grade 4) loans classified as loss are considered uncollectible and of such little value that their continuance as assets is not warranted. This classification does not mean that the loan has absolutely no recovery or salvage value but rather it is not practical or desirable to defer writing off even though partial recovery may be affected in the future.

Satisfactory (grades 5 through 8) represent loans for which quality is considered to be satisfactory.

The following tables present the credit risk profile of the Bank’s loan portfolio based on rating category and payment activity as of March 31, 2019 and December 31, 2018:

March 31, 2019 (Unaudited)	Residential Mortgage Loans		Commercial Real Estate and Land Loans		Home Equity and Other Consumer		Residential Construction Loans		Residential Mortgage Loans Non-Owner Occupied		Multi-Family Real Estate Loans		Commercial Loans		Total
Rating
Satisfactory (5-8)	$	69,468	$	16,422	$	12,312	$	10,252	$	5,957	$	1,166	$	5,807	$	121,384
Special mention (1)		-		-		-		-		-		-		-		-
Substandard (2)		424		195		111		-		490		-		166		1,386
Doubtful (3)		-		-		-		-		-		-		-		-
Loss (4)		-		-		-		-		-		-		-		-
Total	$	69,892	$	16,617	$	12,423	$	10,252	$	6,447	$	1,166	$	5,973	$	122,770

December 31, 2018	Residential Mortgage Loans		Commercial Real Estate and Land Loans		Home Equity and Other Consumer		Residential Construction Loans		Residential Mortgage Loans Non-Owner Occupied		Multi-Family Real Estate Loans		Commercial Loans		Total
Rating
Satisfactory (5-8)	$	66,074	$	17,390	$	13,552	$	11,756	$	6,442	$	1,185	$	5,868	$	122,267
Special mention (1)		-		-		-		-		-		-		-		-
Substandard (2)		1,095		197		221		-		22		-		173		1,708
Doubtful (3)		-		-		-		-		-		-		-		-
Loss (4)		-		-		-		-		-		-		-		-
Total	$	67,169	$	17,587	$	13,773	$	11,756	$	6,464	$	1,185	$	6,041	$	123,975

The Company evaluates the loan risk grading system definitions and allowance for loan losses methodology on an ongoing basis. No significant changes were made to either during the three months ended March 31, 2019.

16

Eagle Financial Bancorp, Inc.

Notes to Condensed Consolidated Financial Statements

March 31, 2019 (Unaudited) and December 31, 2018

Three Months Ended March 31, 2019 and 2018 (Unaudited)

(Amounts in thousands, except share and per share data)

The following tables present the Bank’s loan portfolio aging analysis of the recorded investment in loans as of March 31, 2019 and December 31, 2018:

March 31, 2019 (Unaudited)	30-59 Days Past Due		60-89 Days Past Due		90 Days Past Due or More		Total Past Due		Current		Total Loans Receivable		Recorded Investment 90 Days and Accruing
Residential mortgage loans	$	-	$	-	$	355	$	355	$	69,537	$	69,892	$	-
Commercial real estate and land loans		-		-		-		-		16,617		16,617		-
Home equity and other consumer		-		18		-		18		12,405		12,423		-
Residential construction loans		-		-		-		-		10,252		10,252		-
Residential mortgage loans, non-owner occupied		-		-		-		-		6,447		6,447		-
Multi-family real estate loans		-		-		-		-		1,166		1,166		-
Commercial loans		-		-		-		-		5,973		5,973		-
Total	$	-	$	18	$	355	$	373	$	122,397	$	122,770	$	-

December 31, 2018	30-59 Days Past Due		60-89 Days Past Due		90 Days Past Due or More		Total Past Due		Current		Total Loans Receivable		Recorded Investment 90 Days and Accruing
Residential mortgage loans	$	86	$	-	$	362	$	448	$	66,721	$	67,169	$	-
Commercial real estate and land loans		-		-		-		-		17,587		17,587		-
Home equity and other consumer		37		18		71		126		13,647		13,773		-
Residential construction loans		-		-		-		-		11,756		11,756		-
Residential mortgage loans, non-owner occupied		493		-		-		493		5,971		6,464		-
Multi-family real estate loans		-		-		-		-		1,185		1,185		-
Commercial loans		125		-		-		125		5,916		6,041		-
Total	$	741	$	18	$	433	$	1,192	$	122,783	$	123,975	$	-

A loan is considered impaired, in accordance with the impairment accounting guidance (ASC 310-10-35-16), when based on current information and events, it is probable the Bank will be unable to collect all amounts due from the borrower in accordance with the contractual terms of the loan.

17

Eagle Financial Bancorp, Inc.

Notes to Condensed Consolidated Financial Statements

March 31, 2019 (Unaudited) and December 31, 2018

Three Months Ended March 31, 2019 and 2018 (Unaudited)

(Amounts in thousands, except share and per share data)

The following tables present impaired loans at March 31, 2019, March 31, 2018 and as of December 31, 2018:

	March 31, 2019 (Unaudited)
							Average
			Unpaid				Investment		Interest
	Recorded		Principal		Allocated		in Impaired		Income
	Balance		Balance		Allowance		Loans		Recognized
Loans without an allocated allowance:
Residential mortgage loans	$	-		-	$	-	$	-	$	-
Commercial real estate and land loans		-		-		-		-		-
Home equity and other consumer		42		42		-		42		1
Residential construction loans		-		-		-		-		-
Residential mortgage loans, non-owner occupied		187		187		-		188		4
Multi-family real estate loans		-		-		-		-		-
Commercial loans		-		-		-		-		-
Loans with an allocated allowance:
Residential mortgage loans		74		74		3		74		1
Commercial real estate and land loans		-		-		-		-		-
Home equity and other consumer		-		-		-		-		-
Residential construction loans		-		-		-		-		-
Residential mortgage loans, non-owner occupied		-		-		-		-		-
Multi-family real estate loans		-		-		-		-		-
Commercial loans		-		-		-		-		-
Total	$	303	$	303	$	3	$	304	$	6

							Three Months Ended
	As of December 31, 2018						March 31, 2018 (Unaudited)
							Average
			Unpaid				Investment		Interest
	Recorded		Principal		Allocated		in Impaired		Income
	Balance		Balance		Allowance		Loans		Recognized
Loans without an allocated allowance:
Residential mortgage loans	$	-	$	-	$	-		-		-
Commercial real estate and land loans		-		-		-		-		-
Home equity and other consumer		43		43		-		-		-
Residential construction loans		-		-		-		-		-
Residential mortgage loans, non-owner occupied		190		190		-		195		3
Multi-family real estate loans		-		-		-		-		-
Commercial loans		-		-		-		-		-
Loans with an allocated allowance:
Residential mortgage loans		74		74		3		141		1
Commercial real estate and land loans		-		-		-		158		-
Home equity and other consumer		-		-		-		-		-
Residential construction loans		-		-		-		-		-
Residential mortgage loans, non-owner occupied		-		-		-		-		-
Multi-family real estate loans		-		-		-		-		-
Commercial loans		-		-		-		300		4
Total	$	307	$	307	$	3	$	794	$	8

18

Eagle Financial Bancorp, Inc.

Notes to Condensed Consolidated Financial Statements

March 31, 2019 (Unaudited) and December 31, 2018

Three Months Ended March 31, 2019 and 2018 (Unaudited)

(Amounts in thousands, except share and per share data)

Interest income recognized is not materially different than interest income that would have been recognized on a cash basis.

The following table presents the Bank’s nonaccrual loans at March 31, 2019 and December 31, 2018. This table excludes performing troubled debt restructurings.

	March 31,		December 31,
	2019		2018
Residential mortgage loans	$	355	$	362
Commercial real estate and land loans		-		-
Home equity and other consumer		-		71
Residential construction loans		-		-
Residential mortgage loans, non-owner occupied		-		-
Multi-family real estate loans		-		-
Commercial loans		-		-
Total	$	355	$	433

During the three months ended March 31, 2019 and the year ended December 31, 2018, there were no loans modified as troubled debt restructurings.

Following is a summary of troubled debt restructurings at March 31, 2019 and December 31, 2018:

	Number of Contracts		Recorded Investment
At March 31, 2019:
Residential mortgage loans		1	$	74
Commercial real estate and land loans		-		-
Home equity and other consumer		2		42
Residential construction loans		-		-
Residential mortgage loans, non-owner occupied		4		187
Multi-family real estate loans		-		-
Commercial loans		-		-
		7	$	303

19

Eagle Financial Bancorp, Inc.

Notes to Condensed Consolidated Financial Statements

March 31, 2019 (Unaudited) and December 31, 2018

Three Months Ended March 31, 2019 and 2018 (Unaudited)

(Amounts in thousands, except share and per share data)

	Number of Contracts		Recorded Investment
At December 31, 2018:
Residential mortgage loans		1	$	74
Commercial real estate and land loans		-		-
Home equity and other consumer		2		43
Residential construction loans		-		-
Residential mortgage loans, non-owner occupied		4		190
Multi-family real estate loans		-		-
Commercial loans		-		-
		7	$	307

As of March 31, 2019, the Bank had total troubled debt restructurings of $303.  There were five residential mortgage loans and residential non-owner occupied loans totaling $261 in troubled debt restructurings with the largest totaling $187.  The remaining $42 in troubled debt restructurings consisted of two home equity loans.  As of December 31, 2018, the Bank had total troubled debt restructurings of $307.  There were five residential mortgage loans and residential non-owner occupied loans totaling $264 in troubled debt restructurings with the largest totaling $190.  The remaining $43 in troubled debt restructurings consisted of two home equity loans. These loans were modified due to short term concessions. Eagle Savings Bank has no commitments to lend additional funds to these debtors owing receivables whose terms have been modified in troubled debt restructurings.

There were no foreclosed real estate properties at March 31, 2019. There were two foreclosed real estate properties totaling $217 at December 31, 2018. They consisted of one commercial real estate property totaling $127 and one residential mortgage property totaling $90.

Note 4: Employee Stock Ownership Plan (“ESOP”)

In connection with the conversion to an entity owned by stockholders, the Company established an Employee Stock Ownership Plan (“ESOP”) for the exclusive benefit of eligible employees. The ESOP borrowed funds from the Company in an amount sufficient to purchase 129,024 shares (approximately 8.0% of the common stock issued in connection with the conversion). The loan is secured by the shares purchased and will be repaid by the ESOP with funds from contributions made by the Company and dividends received by the ESOP. Contributions will be applied to repay interest on the loan first, and then the remainder will be applied to principal. The loan is expected to be repaid over a period of up to 20 years. Shares purchased with the loan proceeds are held in a suspense account for allocation among participants as the loan is repaid. Contributions to the ESOP and shares released from the suspense account are allocated among participants in proportion to their compensation, relative to total compensation of all active participants. Participants will vest in their accrued benefits under the ESOP at the rate of 20 percent per year after two years of service. Vesting is accelerated upon retirement, death or disability of the participant, or a change in control of the Company. Forfeitures will be reallocated to remaining participants. Benefits may be payable upon retirement, death, disability, separation of service, or termination of the ESOP.

20

Eagle Financial Bancorp, Inc.

Notes to Condensed Consolidated Financial Statements

March 31, 2019 (Unaudited) and December 31, 2018

Three Months Ended March 31, 2019 and 2018 (Unaudited)

(Amounts in thousands, except share and per share data)

The debt of the ESOP is eliminated in consolidation. Contributions to the ESOP shall be sufficient to pay principal and interest currently due under the loan agreement. As shares are committed to be released from collateral, the Company reports the compensation expense equal to the average market price of the shares for the respective period, and the shares become outstanding for earnings per share computations. Dividends on unallocated ESOP shares, if any, are recorded as a reduction of debt and accrued interest. ESOP compensation was $25 and $26 for the three months ended March 31, 2019 and 2018.

A summary of the ESOP shares as of March 31, 2019 and December 31, 2018 are as follows:

	March 31, 2019		December 31, 2018
Shares allocated to participants		1,613		6,451
Shares released to participants		12,902		6,451
Unreleased shares		114,509		116,122
Total		129,024		129,024
Fair Value of Unreleased Shares	$	1,826,419	$	1,761,571

In the event the ESOP is unable to satisfy the obligation to repurchase the shares held by each beneficiary upon the beneficiary’s termination or retirement, the Company is obligated to repurchase the shares. In addition, there are no outstanding shares held by former employees that are subject to an ESOP related repurchase option.

Note 5: Equity Incentive Plan

In September 2018, the Company’s stockholders approved the Eagle Financial Bancorp, Inc. 2018 Equity Incentive Plan (the “2018 Plan”). The 2018 Plan authorizes the issuance or delivery to participants of up to 225,792 shares of the Company’s common stock pursuant to the grants of restricted stock awards, incentive stock options, and non-qualified stock options. Of this number, the maximum number of shares of Company common stock that may be issued under the 2018 Plan pursuant to the exercise of stock options is 161,280 shares and the maximum number of shares of Company common stock that may be issued as restricted stock awards is 64,512 shares. Stock options awarded to employees may be incentive stock options or non-qualified stock options. Shares awarded under the 2018 Plan may be authorized but unissued shares or treasury shares. The 2018 Plan contains annual and lifetime limits on certain types of awards to individual participants.

Awards may vest or become exercisable only upon the achievement of performance measures or based solely on the passage of time after award. Stock options and restricted stock awards provide for accelerated vesting if there is a change in control (as defined in the 2018 Plan).

In September 2018, the Company granted stock options for 32,255 shares to members of the Board of Directors. Awards under the Plan were granted with a vesting rate not exceeding twenty percent (20%) per year for five years. Options granted in September 2018 have an exercise price $15.89, as determined on the grant date and expire ten years from the grant date.

The fair value was calculated using the Black-Scholes model for stock options granted in September 2018 using the following assumptions: expected volatility of 24.56%, a risk free interest rate of 3.01%, and an expected term of 7.5 years. The Company utilized the simplified method to determine the expected term because it does not have sufficient historical exercise data to provide a reasonable basis upon which to estimate the expected term.

21

Eagle Financial Bancorp, Inc.

Notes to Condensed Consolidated Financial Statements

March 31, 2019 (Unaudited) and December 31, 2018

Three Months Ended March 31, 2019 and 2018 (Unaudited)

(Amounts in thousands, except share and per share data)

The weighted average grant-date fair value of options granted in September 2018 was $5.57 per share.

In October 2018, the Company granted stock options for 69,356 shares to Executive Officers of the Company. Awards under the Plan were granted with a vesting rate not exceeding twenty percent (20%) per year for five years. Options granted in October 2018 have an exercise price $15.75, as determined on the grant date and expire ten years from the grant date.

The fair value was calculated using the Black-Scholes model for stock options granted in September 2018 using the following assumptions: expected volatility of 24.63%, a risk free interest rate of 3.14%, and an expected term of 7.5 years. The Company utilized the simplified method to determine the expected term because it does not have sufficient historical exercise data to provide a reasonable basis upon which to estimate the expected term.

The weighted average grant-date fair value of options granted in October 2018 was $5.59 per share.

At March 31, 2019, no stock options were exercisable.

In September 2018, the Company awarded 12,900 restricted shares to members of the Board of Directors. The restricted stock awards have a five year vesting period. During the restricted period, the holder is entitled to full voting rights and dividends, thus are considered participating securities.

In October 2018, the Company awarded 29,050 restricted shares to Executive Officers and other employees of the Company. The restricted stock awards have a five year vesting period. During the restricted period, the holder is entitled to full voting rights and dividends, thus are considered participating securities.

Total compensation cost recognized in the income statement for share-based payment arrangements at March 31, 2019 and 2018 was $61 and $0.

As of March 31, 2019, there was approximately $1,101 of total unrecognized compensation cost related to unvested share-based compensation arrangements granted under the Plan. That cost is expected to be recognized over a remaining weighted-average period of 4.4 years.

Note 6: Regulatory Matters

The Bank is subject to various regulatory capital requirements administered by the federal banking agencies. Failure to meet minimum capital requirements can initiate certain mandatory and possibly additional discretionary actions by regulators that, if undertaken, could have a direct material effect on the Bank’s financial statements. Under capital adequacy guidelines and the regulatory framework for prompt corrective action, the Bank must meet specific capital guidelines that involve quantitative measures of the Bank’s assets, liabilities and certain off-balance-sheet items as calculated under United States Generally Accepted Accounting Principles, regulatory reporting requirements and regulatory capital standards. The Bank’s capital amounts and classification are also subject to qualitative judgments by the regulators about components, risk weightings and other factors. Furthermore, the Bank’s regulators could require adjustments to regulatory capital not reflected in these financial statements.

Quantitative measures established by regulatory reporting standards, to ensure capital adequacy require the Bank to maintain minimum amounts and ratios (set forth in the table below) of Total capital (as defined), Tier I capital (as defined) and common equity Tier 1capital (as defined) to risk-weighted assets (as defined) and Tier I capital (as defined) to average assets (as defined). Management believes, as of March 31, 2019 and December 31, 2018 that the Bank meets all capital adequacy requirements to which it is subject.

22

Eagle Financial Bancorp, Inc.

Notes to Condensed Consolidated Financial Statements

March 31, 2019 (Unaudited) and December 31, 2018

Three Months Ended March 31, 2019 and 2018 (Unaudited)

(Amounts in thousands, except share and per share data)

As of March 31, 2019 and December 31, 2018 the most recent notification from the Bank’s regulators categorized the Bank as well capitalized under the regulatory framework for prompt corrective action. To be categorized as well capitalized, the Bank must maintain minimum total risk-based capital, Tier I risk-based capital, common equity Tier 1 risk-based capital and Tier I leverage ratios as set forth in the table. There are no conditions or events since that notification that management believes have changed the Bank’s category.

Beginning in January 2016, the capital conservation buffer requirement of 0.625% of risk-weighted assets was phased-in and was increased each year. At January 1, 2019 the capital conservation buffer is fully implemented at 2.5%.

An institution will be subject to further limitations on paying dividends, engaging in share repurchases, and paying discretionary bonuses if its’ capital level fall below the buffer amount. These limitations will establish a maximum percentage of eligible retained income that could be utilized for such actions.

The Bank’s actual capital amounts and ratios are presented in the following tables (minimum capital requirements exclude the capital conservation buffer):

As of March 31, 2019:	Actual					Minimum Capital Requirement					Minimum to Be Well Capitalized Under Prompt Corrective Action Provisions
	Amount		Ratio			Amount		Ratio			Amount		Ratio
Equity	$	21,042
Allowance for loan losses		1,152
Total risk-based capital
(to risk-weighted assets)	$	22,194		17.2	%	$	10,352		8.0	%	$	12,941		10.0	%
Tier I capital
(to risk-weighted  assets)		21,042		16.3	%		7,764		6.0	%		10,352		8.0	%
Common equity Tier I capital
(to risk-weighted  assets)		21,042		16.3	%		5,823		4.5	%		8,411		6.5	%
Tier I capital
(to adjusted total  assets)		21,042		15.4	%		5,453		4.0	%		6,817		5.0	%

23

Eagle Financial Bancorp, Inc.

Notes to Condensed Consolidated Financial Statements

March 31, 2019 (Unaudited) and December 31, 2018

Three Months Ended March 31, 2019 and 2018 (Unaudited)

(Amounts in thousands, except share and per share data)

As of December 31, 2018:	Actual					Minimum Capital Requirement					Minimum to Be Well Capitalized Under Prompt Corrective Action Provisions
	Amount		Ratio			Amount		Ratio			Amount		Ratio
Equity	$	20,849
Allowance for loan losses		1,187
Total risk-based capital (to risk-weighted  assets)	$	22,036		16.9	%	$	10,459		8.0	%	$	13,074		10.0	%
Tier I capital (to risk-weighted assets)		20,849		15.9	%		7,844		6.0	%		10,459		8.0	%
Common equity Tier I capital (to risk-weighted  assets)		20,849		15.9	%		5,883		4.5	%		8,498		6.5	%
Tier I capital (to adjusted total  assets)		20,849		15.2	%		5,495		4.0	%		6,868		5.0	%

Note 7: Disclosure About Fair Values of Assets and Liabilities

ASC Topic 820, Fair Value Measurements, defines fair value as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. Topic 820 also specifies a fair value hierarchy which requires an entity to maximize the use of observable inputs and minimize the use of unobservable inputs when measuring fair value. The standard describes three levels of inputs that may be used to measure fair value:

Level 1	Quoted prices in active markets for identical assets or liabilities
Level 2	Observable inputs other than Level 1 prices, such as quoted prices for similar assets or liabilities; quoted prices in markets that are not active; or other inputs that are observable or can be corroborated by observable market data for substantially the full term of the assets or liabilities
Level 3	Unobservable inputs that are supported by little or no market activity and that are significant to the fair value of the assets or liabilities

24

Eagle Financial Bancorp, Inc.

Notes to Condensed Consolidated Financial Statements

March 31, 2019 (Unaudited) and December 31, 2018

Three Months Ended March 31, 2019 and 2018 (Unaudited)

(Amounts in thousands, except share and per share data)

Nonrecurring Measurements

The following tables present the fair value measurement of assets measured at fair value on a nonrecurring basis and the level within the fair value hierarchy in which the fair value measurements fall at March 31, 2019 and December 31, 2018:

			Fair Value Measurements Using
March 31, 2019	Fair Value		Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)
Impaired loans (collateral dependent)	$	71	$	-	$	-	$	71

			Fair Value Measurements Using
December 31, 2018	Fair Value		Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)
Impaired loans (collateral dependent)	$	71	$	-	$	-	$	71

Fair value adjustments, consisting of charge-offs or allocated allowances, on impaired loans and foreclosed assets held for sale during the three months ended March 31, 2019 and the year ended December 31, 2018 amounted to $0.

Following is a description of the valuation methodologies and inputs used for assets measured at fair value on a nonrecurring basis and recognized in the accompanying balance sheets, as well as the general classification of such assets pursuant to the valuation hierarchy. For assets classified within Level 3 of the fair value hierarchy, the process used to develop the reported fair value is described below.

25

Eagle Financial Bancorp, Inc.

Notes to Condensed Consolidated Financial Statements

March 31, 2019 (Unaudited) and December 31, 2018

Three Months Ended March 31, 2019 and 2018 (Unaudited)

(Amounts in thousands, except share and per share data)

Collateral-dependent Impaired Loans, Net of ALLL

The estimated fair value of collateral-dependent impaired loans is based on the appraised fair value of the collateral, less estimated cost to sell. Collateral-dependent impaired loans are classified within Level 3 of the fair value hierarchy. The Bank considers the appraisal or evaluation as the starting point for determining fair value and then considers other factors and events in the environment that may affect the fair value. Appraisals of the collateral underlying collateral-dependent loans are obtained when the loan is determined to be collateral-dependent and subsequently as deemed necessary. Appraisals are reviewed for accuracy and consistency by the lending department. Appraisers are selected from the list of approved appraisers maintained by management. The appraised values are reduced by discounts to consider lack of marketability and estimated cost to sell if repayment or satisfaction of the loan is dependent on the sale of the collateral. These discounts and estimates are developed by comparison to historical results.

Unobservable (Level 3) Inputs

The following tables present quantitative information about unobservable inputs used in nonrecurring Level 3 fair value measurements.

	Fair Value at		Valuation
	March 31, 2019		Technique	Unobservable Inputs	Range
Impaired loans (collateral dependent)	$	71	Market comparable properties	Marketability discount	10% - 15%

	Fair Value at		Valuation
	December 31, 2018		Technique	Unobservable Inputs	Range
Impaired loans (collateral dependent)	$	71	Market comparable properties	Marketability discount	10% - 15%

The following methods were used to estimate the fair value of all other financial instruments recognized in the accompanying balance sheet at amounts other than fair value.

Cash and Cash Equivalents and Interest-bearing Time Deposits

The carrying amount approximates fair value.

Loans Held For Sale

The carrying amount approximates fair value due to the insignificant time between origination and date of sale. The carrying amount is the amount funded.

Loans

The estimated fair value of loans as of March 31, 2019 follows the guidance in ASU 2016-01, which prescribes an “exit price” approach in estimating and disclosing fair value of financial instruments. The fair value calculation at that date discounted estimated future cash flows using rates that incorporated discounts for credit, liquidity and marketability factors. The fair value estimate shown as of December 31, 2018 used an “entry price” approach. The fair value calculation for that date discounted estimated future cash flows using the market rates at which similar notes would be made to borrowers with similar credit ratings and for the same remaining maturities. The market rates used are based on current rates the Bank would impose for similar loans and reflect a market participant assumption about risks associated with nonperformance, illiquidity, and the structure and term of the loans along with local economic and market conditions. Consequently, the fair value disclosures for March 31, 2019 and December 31, 2018 are not directly comparable.

26

Eagle Financial Bancorp, Inc.

Notes to Condensed Consolidated Financial Statements

March 31, 2019 (Unaudited) and December 31, 2018

Three Months Ended March 31, 2019 and 2018 (Unaudited)

(Amounts in thousands, except share and per share data)

FHLB Stock

Fair value is estimated at book value due to restrictions that limit the sale or transfer of such securities.

FHLB Lender Risk Account Receivable

The fair value of the Federal Home Loan Bank lender risk account receivable is estimated by discounting the estimated remaining cash flows of each strata of the receivable at current rates applicable to each strata for the same remaining maturities.

Accrued Interest Receivable and Payable

The carrying amount approximates fair value. The carrying amount is determined using the interest rate, balance and last payment date.

Deposits

Fair value of term deposits is estimated by discounting the future cash flows using rates of similar deposits with similar maturities. The market rates used were obtained from a knowledgeable independent third party and reviewed by the Bank. The rates were the average of current rates offered by local competitors of the Bank.

The estimated fair value of checking, NOW, savings and money market deposits is the book value since rates are regularly adjusted to market rates and amounts are payable on demand at the reporting date.

FHLB Advances

Fair value is estimated by discounting the future cash flows using rates of similar advances with similar maturities. These rates were obtained from current rates offered by FHLB.

Advances from Borrowers for Taxes and Insurance

The carrying amount approximates fair value.

Commitments to Originate Loans, Forward Sale Commitments, Letters of Credit and Lines of Credit

The fair value of commitments to originate loans is estimated using the fees currently charged to enter into similar agreements, taking into account the remaining terms of the agreements and the present creditworthiness of the counterparties. For fixed-rate loan commitments, fair value also considers the difference between current levels of interest rates and the committed rates. The fair value of commitments to sell securities is estimated based on current market prices for securities of similar terms and credit quality. The fair values of letters of credit and lines of credit are based on fees currently charged for similar agreements or on the estimated cost to terminate or otherwise settle the obligations with the counterparties at the reporting date. At March 31, 2019 and December 31, 2018, the fair value of such commitments was not material.

27

Eagle Financial Bancorp, Inc.

Notes to Condensed Consolidated Financial Statements

March 31, 2019 (Unaudited) and December 31, 2018

Three Months Ended March 31, 2019 and 2018 (Unaudited)

(Amounts in thousands, except share and per share data)

The following tables present estimated fair values of the Bank’s financial instruments at March 31, 2019 and December 31, 2018.

					Fair Value Measurements Using
March 31, 2019	Carrying Amount		Fair Value		(Level 1)		(Level 2)		(Level 3)
Financial Assets
Cash and cash equivalents	$	7,081	$	7,081	$	7,081	$	-	$	-
Interest-bearing time deposits		2,739		2,739		2,739		-		-
Loans held for sale		3,000		3,000		-		-		3,000
Loans, net of allowance for losses		112,783		111,779		-		-		111,779
FHLB stock		754		754		-		754		-
FHLB lender risk account receivable		3,373		3,361		-		-		3,361
Accrued Interest receivable		364		364		-		364		-
Financial Liabilities
Deposits		105,966		105,641		57,782		47,859		-
FHLB advances		-		-		-		-		-
Advances from borrowers for taxes and insurance		624		624		-		624		-
Accrued Interest payable		2		2		-		2		-

					Fair Value Measurements Using
December 31, 2018	Carrying Amount		Fair Value		(Level 1)		(Level 2)		(Level 3)
Financial Assets
Cash and cash equivalents	$	7,434	$	7,434	$	7,434	$	-	$	-
Interest-bearing time deposits		3,486		3,486		3,486		-		-
Loans held for sale		1,827		1,827		-		-		1,827
Loans, net of allowance for losses		113,317		114,248		-		-		114,248
FHLB stock		754		754		-		754		-
FHLB lender risk account receivable		3,377		3,294		-		-		3,294
Accrued Interest receivable		354		354		-		354		-
Financial Liabilities
Deposits		106,369		105,829		59,872		45,957		-
FHLB advances		-		-		-		-		-
Advances from borrowers for taxes and insurance		950		950		-		950		-
Accrued Interest payable		1		1		-		1		-

28

Eagle Financial Bancorp, Inc.

Notes to Condensed Consolidated Financial Statements

March 31, 2019 (Unaudited) and December 31, 2018

Three Months Ended March 31, 2019 and 2018 (Unaudited)

(Amounts in thousands, except share and per share data)

Note 8: Commitments and Credit Risk

Commitments to Originate Loans

Commitments to originate loans are agreements to lend to a customer as long as there is no violation of any condition established in the contract. Commitments generally have fixed expiration dates or other termination clauses and may require payment of a fee. Since a portion of the commitments may expire without being drawn upon, the total commitment amounts do not necessarily represent future cash requirements. Each customer’s creditworthiness is evaluated on a case-by-case basis. The amount of collateral obtained, if deemed necessary, is based on management’s credit evaluation of the counterparty. Collateral held varies, but may include accounts receivable, inventory, property, plant and equipment, commercial real estate and residential real estate.

At March 31, 2019, the Bank had a home equity loan approved but not yet originated with an adjustable interest rate of 5.50% for $26. At December 31, 2018, the Bank had no loans approved but not yet originated. At March 31, 2019, the Bank had undisbursed loans in process of $8,851 with interest rate ranges of 3.875% - 5.250%. At December 31, 2018 the Company had undisbursed loans in process of $9,485 with interest rate ranges of 3.125% - 5.730%.

Lines of Credit

Lines of credit are agreements to lend to a customer as long as there is no violation of any condition established in the contract. Lines of credit generally have fixed expiration dates. Since a portion of the line may expire without being drawn upon, the total unused lines do not necessarily represent future cash requirements. Each customer’s creditworthiness is evaluated on a case-by-case basis. The amount of collateral obtained, if deemed necessary, is based on management’s credit evaluation of the counterparty. Collateral held varies but may include accounts receivable, inventory, property, plant and equipment, commercial real estate and residential real estate. Management uses the same credit policies in granting lines of credit as it does for on-balance-sheet instruments.

Lines and letters of credit at March 31, 2019 were as follows:

Unused lines of credit	$	3,809
Standby letters of credit		-
Unused home equity lines		12,090
Total commitments	$	15,899

29

Eagle Financial Bancorp, Inc.

Notes to Condensed Consolidated Financial Statements

March 31, 2019 (Unaudited) and December 31, 2018

Three Months Ended March 31, 2019 and 2018 (Unaudited)

(Amounts in thousands, except share and per share data)

Note 9: Recent Accounting Pronouncements

Eagle Financial Bancorp, Inc. is an “emerging growth company. As an “emerging growth company”, we have elected to use the extended transition period to delay adoption of new or revised accounting pronouncements applicable to public companies until such pronouncements are made applicable to private companies. Accordingly, our financial statements may not be comparable to the financial statements of public companies that comply with such new or revised accounting standards.

In February 2016, the FASB issued ASU No. 2016-02 "Leases (Topic 842)." ASU 2016-02 establishes a right of use model that requires a lessee to record a right of use asset and a lease liability for all leases with terms longer than 12 months. Leases will be classified as either finance or operating, with classification affecting the pattern of expense recognition in the income statement. For lessors, the guidance modifies the classification criteria and the accounting for sales-type and direct financing leases. A lease will be treated as sale if it transfers all of the risks and rewards, as well as control of the underlying asset, to the lessee. If risks and rewards are conveyed without the transfer of control, the lease is treated as a financing. If the lessor doesn't convey risks and rewards or control, an operating lease results. Public business entities should apply the amendments in ASU 2016-02 for fiscal years beginning after December 15, 2018, including interim periods within those fiscal years. Nonpublic business entities should apply the amendments for fiscal years beginning after December 15, 2019 and interim periods within fiscal years beginning after December 15, 2020. Entities are required to use a modified retrospective approach for leases that exist or are entered into after the beginning of the earliest comparative period in the financial statements, with certain practical expedients available. The impact is not expected to have a material effect on the Company’s financial position or results of operations since the Company does not have a material amount of lease agreements. The Company is continuing to evaluate the amendments and will subsequently implement new processes to comply with the ASU. In addition, the Company will change its current accounting practice to comply with the amendments and such changes as mentioned above.

In June 2016, the FASB issued ASU No. 2016-13, "Financial Instruments-Credit Losses (Topic 326) -Measurement of Credit Losses on Financial Instruments." The provisions of ASU 2016-13 were issued to provide financial statement users with more decision-useful information about the expected credit losses on financial instruments that are not accounted for at fair value through net income, including loans held for investment, held-to-maturity debt securities, trade and other receivables, net investment in leases and other commitments to extend credit held by a reporting entity at each reporting date. ASU 2016-13 requires that financial assets measured at amortized cost be presented at the net amount expected to be collected, through an allowance for credit losses that is deducted from the amortized cost basis. The amendments in ASU 2016-13 eliminate the probable incurred loss recognition in current GAAP and reflect an entity's current estimate of all expected credit losses. The measurement of expected credit losses is based upon historical experience, current conditions, and reasonable and supportable forecasts that affect the collectibility of the financial assets. For public business entities that are U.S. Securities and Exchange Commission (SEC) filers, the amendments are effective for fiscal years beginning after December 15, 2019, including interim periods within those fiscal years. For all other public business entities, the amendments are effective for fiscal years beginning after December 15, 2020, including interim periods within those fiscal years. For all other entities, the amendments are effective for fiscal years beginning after December 15, 2020, and interim periods within fiscal years beginning after December 15, 2021. Early adoption is permitted for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2018. The Company continues to evaluate the impact of these amendments to the Company’s financial position and results of operations and currently does not know or cannot reasonably quantify the impact of the adoption of the amendments as a result of the complexity and extensive changes from the amendments. The Allowance for Loan Losses (ALL) estimate is material to the Company and given the change from an incurred loss model to a methodology that considers the credit loss over the life of the loan, there is the potential for an increase in the ALL at the adoption date. The Company is anticipating a significant change in processes and procedures to calculate the ALL, including changes in assumptions and estimates to consider the expected credit losses over the life of the loan versus the current accounting practice that utilizes the incurred loss model. In addition, the current accounting policy and procedures for the other-than temporary impairment on available-for-sale securities will be replaced with an allowance approach. The Company has continued developing processes during the first quarter of 2019. Management continues to focus its attention on collecting historical loan loss data, loan level data, and evaluating data capabilities to ensure it is fully compliant with the amendments at adoption date. For additional information on the allowance for loan losses, see Note 3.

30

Eagle Financial Bancorp, Inc.

Notes to Condensed Consolidated Financial Statements

March 31, 2018 (Unaudited) and December 31, 2017

Three Months Ended March 31, 2018 and 2017 (Unaudited)

(Amounts in thousands, except share and per share data)

In August 2016, the FASB issued ASU No. 2016-15 "Statement of Cash Flows (Topic 230) - Classification of Certain Cash Receipts and Cash Payments." ASU 2016-15 provides cash flow statement classification guidance for certain transactions including how the predominance principle should be applied when cash receipts and cash payments have aspects of more than one class of cash flows. The amendments are effective for public business entities for fiscal years beginning after December 15, 2017, and interim periods within those fiscal years. For all other entities, the amendments are effective for fiscal years beginning after December 15, 2018, and interim periods within fiscal years beginning after December 15, 2019. Early adoption is permitted, including adoption in an interim period. The Company has assessed ASU 2016-15 and does not expect a significant impact on its accounting and disclosures.

In November 2016, the FASB issued ASU No. 2016-18 "Statement of Cash Flows (Topic 230) – Restricted Cash." ASU 2016-18 provides amendments to cash flow statement classification and presentation to explain the change during the period in the total of cash, cash equivalents, and amounts generally described as restricted cash or restricted cash equivalents. The amendments are effective for public business entities for fiscal years beginning after December 15, 2017, and interim periods within those fiscal years. For all other entities, the amendments are effective for fiscal years beginning after December 15, 2018 and interim periods within fiscal years beginning after December 15, 2019. Early adoption is permitted, including adoption in an interim period. The amendments should be applied using a retrospective transition method to each period presented. The Company has assessed ASU 2016-18 and does not expect a significant impact on its accounting and disclosures.

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Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations

General

Management’s discussion and analysis of the financial condition and results of operations at and for the three months ended March 31, 2019 and 2018 is intended to assist in understanding the financial condition and result of operations of the Bank. The information contained in this section should be read in conjunction with the Unaudited Condensed Financial Statements and the notes thereto, appearing in Part 1, Item 1 of this quarterly report on Form 10-Q.

CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS

This quarterly report contains forward-looking statements, which can be identified by the use of words such as “estimate,” “project,” “believe,” “intend,” “anticipate,” “assume,” “plan,” “seek,” “expect,” “will,” “may,” “should,” “indicate,” “would,” “believe,” “contemplate,” “continue,” “target” and words of similar meaning. These forward-looking statements include, but are not limited to:

· statements of our goals, intentions and expectations;

· statements regarding our business plans, prospects, growth and operating strategies;

· statements regarding the asset quality of our loan and investment portfolios; and

· estimates of our risks and future costs and benefits.

These forward-looking statements are based on our current beliefs and expectations and are inherently subject to significant business, economic and competitive uncertainties and contingencies, many of which are beyond our control. In addition, these forward-looking statements are subject to assumptions with respect to future business strategies and decisions that are subject to change. We are under no duty to and do not take any obligation to update any forward-looking statements after the date of this report.

The following factors, among others, could cause actual results to differ materially from the anticipated results or other expectations expressed in the forward-looking statements:

· our ability to continue to manage our operations successfully;

· our ability to successfully implement our business plan of managed growth, diversifying our loan portfolio and increasing mortgage banking operations to improve profitability;

· our success in increasing our commercial business, commercial real estate, construction and home equity lending;

· adverse changes in the financial industry, securities, credit and national local real estate markets (including real estate values);

· significant increases in our loan losses, including as a result of our inability to resolve classified and non-performing assets or reduce risks associated with our loans, and management’s assumptions in determining the adequacy of the allowance for loan losses;

· credit risks of lending activities, including changes in the level and trend of loan delinquencies and write-offs and in our allowance for loan losses and provision for loan losses;

· the use of estimates in determining fair value of certain of our assets, which may prove to be incorrect and result in significant declines in valuations;

· competition among depository and other financial institutions;

32

· our ability to attract and maintain deposits and our success in introducing new financial products;

· our ability to maintain our asset quality even as we intend to increase our commercial real estate and multi-family and commercial business lending;

· changes in interest rates generally, including changes in the relative differences between short term and long term interest rates and in deposit interest rates, that may affect our net interest margin and funding sources;

· fluctuations in the demand for loans, which may be affected by the number of unsold homes, land and other properties in our market areas and by declines in the value of real estate in our market area;

· changes in consumer spending, borrowing and saving habits;

· declines in the yield on our assets resulting from the current low interest rate environment;

· risks related to a high concentration of loans secured by real estate located in our market area;

· the results of examinations by our regulators, including the possibility that our regulators may, among other things, require us to increase our allowance for loan losses, write down assets, change our regulatory capital position, limit our ability to borrow funds or maintain or increase deposits, or prohibit us from paying dividends, which could adversely affect our dividends and earnings;

· changes in the level of government support of housing finance;

· our ability to enter new markets successfully and capitalize on growth opportunities;

· changes in laws or government regulations or policies affecting financial institutions, including the Dodd-Frank Act and the JOBS Act, which could result in, among other things, increased deposit insurance premiums and assessments, capital requirements, regulatory fees and compliance costs, particularly the new capital regulations, and the resources we have available to address such changes;

· changes in accounting policies and practices, as may be adopted by the bank regulatory agencies, the Financial Accounting Standards Board, the Securities and Exchange Commission and the Public Company Accounting Oversight Board;

· changes in our compensation and benefit plans, and our ability to retain key members of our senior management team and to address staffing needs in response to product demand or to implement our strategic plans;

· loan delinquencies and changes in the underlying cash flows of our borrowers;

· our ability to control costs and expenses, particularly those associated with operating as a publicly traded company;

· the failure or security breaches of computer systems on which we depend;

· the ability of key third-party service providers to perform their obligations to us;

· changes in the financial condition or future prospects of issuers of securities that we own; and

· other economic, competitive, governmental, regulatory and operational factors affecting our operations, pricing, products and services described elsewhere in our SEC filings.

Because of these and a wide variety of other uncertainties, our actual future results may be materially different from the results indicated by these forward-looking statements.

33

Critical Accounting Policies

The discussion and analysis of the financial condition and results of operations are based on our financial statements, which are prepared in conformity with U.S. generally accepted accounting principles. The preparation of these financial statements requires management to make estimates and assumptions affecting the reported amounts of assets and liabilities, disclosure of contingent assets and liabilities, and the reported amounts of income and expenses. We consider the accounting policies discussed below to be our critical accounting policies. The estimates and assumptions that we use are based on historical experience and various other factors and are believed to be reasonable under the circumstances. Actual results may differ from these estimates under different assumptions or conditions, resulting in a change that could have a material impact on the carrying value of our assets and liabilities and our results of operations.

On April 5, 2012, the JOBS Act was signed into law. The JOBS Act contains provisions that, among other things, reduce certain reporting requirements for qualifying public companies. As an “emerging growth company” we may delay adoption of new or revised accounting pronouncements applicable to public companies until such pronouncements are made applicable to private companies. We intend to take advantage of the benefits of this extended transition period. Accordingly, our financial statements may not be comparable to companies that comply with such new or revised accounting standards.

The following represents our critical accounting policies:

Allowance for Loan Losses. The allowance for loan losses is established as losses are estimated to have occurred through a provision for loan losses charged to income. Loan losses are charged against the allowance when management believes the uncollectability of a loan balance is confirmed. Subsequent recoveries, if any, are credited to the allowance. The allowance for loan losses is evaluated on a regular basis by management and is based upon management’s periodic review of the collectability of the loans in light of historical experience, the nature and volume of the loan portfolio, adverse situations that may affect the borrower’s ability to repay, estimated value of any underlying collateral and prevailing economic conditions. This evaluation is inherently subjective as it requires estimates that are susceptible to significant revision as more information becomes available.

The allowance consists of allocated and general components. The allocated component relates to loans that are classified as impaired. For those loans that are classified as impaired, an allowance is established when the discounted cash flows (or collateral value or observable market price) of the impaired loan is lower than the carrying value of that loan. The general component covers nonclassified loans and is based on historical charge-off experience for the last three years and expected loss given default derived from our internal risk rating process. Other qualitative adjustments are made to the allowance for pools of loans after an assessment of internal or external influences on credit quality that are not fully reflected in the historical loss or risk rating data.

A loan is considered impaired when, based on current information and events, it is probable that we will be unable to collect the scheduled payments of principal or interest when due according to the contractual terms of the loan agreement. Factors considered by management in determining impairment include payment status, collateral value and the probability of collecting scheduled principal and interest payments when due. Loans that experience insignificant payment delays and payment shortfalls generally are not classified as impaired. Management determines the significance of payment delays and payment shortfalls on a case-by-case basis, taking into consideration all of the circumstances surrounding the loan and the borrower, including the length of the delay, the reasons for the delay, the borrower’s prior payment record and the amount of the shortfall in relation to the principal and interest owed. Impairment is measured on a loan-by-loan basis by either the present value of expected future cash flows discounted at the loan’s effective interest rate, the loan’s obtainable market price or the fair value of the collateral if the loan is collateral dependent.

Groups of loans with similar risk characteristics are collectively evaluated for impairment based on the group’s historical loss experience adjusted for changes in trends, conditions and other relevant factors that affect repayment of the loans.

34

FHLB-Cincinnati Lender Risk Account Receivable. Certain loan sale transactions with the FHLB-Cincinnati provide for establishment of a Lender Risk Account (“LRA”). The LRA consists of amounts withheld from loan sale proceeds by the FHLB-Cincinnati for absorbing inherent losses that are probable on those sold loans. These withheld funds are an asset as they are scheduled to be paid to us in future years, net of any credit losses on those loans sold. The receivables are initially measured at fair value. The fair value is estimated by discounting the cash flows over the life of each master commitment contract. The accretable yield is amortized over the life of the master commitment contract. Expected cash flows are re-evaluated at each measurement date. If there is an adverse change in expected cash flows, the accretable yield would be adjusted on a prospective basis and the asset would be evaluated for impairment.

Comparison of Financial Condition at March 31, 2019 and December 31, 2018

Total Assets. Total assets were $136.5 million at March 31, 2019, a decrease of $540,000, or 0.4%, from $137.1 million at December 31, 2018. The decrease was primarily due to a decrease in net loans of $534,000 during the quarter.

Net Loans. Net loans decreased by $534,000, or 0.5%, to $112.8 million at March 31, 2019 from $113.3 million at December 31, 2018. During the three months ended March 31, 2019, we originated $14.7 million of loans, $11.0 million of which were one- to four-family residential real estate loans, and sold $8.3 million of loans in the secondary market. During the three months ended March 31, 2019, one- to four-family residential real estate loans increased $2.7 million, or 3.7%, to $76.3 million at March 31, 2019, from $73.6 million at December 31, 2018; multi-family loans decreased $19,000, or 1.6%, to $1.2 million at March 31, 2019; commercial real estate loans and land loans decreased $970,000, or 5.5%, to $16.6 million at March 31, 2019; construction loans decreased $1.5 million, or 12.8%, to $10.3 million at March 31, 2019; home equity and other consumer loans decreased $1.4 million, or 9.8% to $12.4 million at March 31, 2019; and commercial loans decreased $68,000, or 1.1% to $6.0 million at March 31, 2019. Despite the small decrease in loan balances during the quarter, our strategy to grow and diversify our loan portfolio will continue. Such growth will be achieved amid strong competition for commercial real estate and one- to four-family residential mortgage loans in our market area in the current interest rate environment.

We have sold loans on a servicing released basis in transactions with the FHLB-Cincinnati, through its mortgage purchase program, and other investors. We sold $8.3 million of loans in the first three months of 2019. Loans serviced for these investors was $1.8 million at both March 31, 2019 and December 31, 2018. Management intends to continue this sales activity in future periods.

Interest-Bearing Deposits in Other Banks. The Bank’s investment in certificates of deposit in other banks decreased $747,000, or 21.4%, to $2.7 million at March 31, 2019.

Foreclosed Assets. There were no additions to foreclosed assets during the three months ended March 31, 2019. The Bank sold two foreclosed assets during the quarter ended March 31, 2019 totaling $217,000 for a gain of $28,000. At March 31, 2019, the Bank had no foreclosed assets.

Deposits. Deposits decreased by $403,000, or 0.4%, to $106.0 million at March 31, 2019 from $106.4 million at December 31, 2018. Our core deposits, which are all deposits other than certificates of deposit, decreased $2.1 million, or 3.6%, to $57.3 million at March 31, 2019 from $59.4 million at December 31, 2018. Certificates of deposit increased $1.7 million, or 3.6%, to $48.2 million at March 31, 2019 from $46.5 million at December 31, 2018. During the three months ended March 31, 2019, management continued its strategy of pursuing growth in demand accounts and other lower cost core deposits. Management intends to continue its efforts to increase core deposits, with a special emphasis on growth in consumer and business demand deposits.

Federal Home Loan Bank Advances. At March 31, 2019, the Bank had no advances from the Federal Home Loan Bank.

Shareholders’ Equity. Shareholders’ equity increased $58,000, or 0.2%, to $27.8 million at March 31, 2019 from $27.8 million at December 31, 2018. The increase resulted from net income of $81,000 during the three months ended March 31, 2019, expense of $25,000 related to the ESOP shares committed to be released, expense of $61,000 related to stock based compensation, offset by a repurchase of common stock of $109,000.

35

Comparison of Operating Results for the Three Months Ended March 31, 2019 and March 31, 2018

General. Our net income for the three months ended March 31, 2019 was $81,000, compared to a net income of $128,000 for the three months ended March 31, 2018, a decrease of $47,000, or 36.7%. The decrease in net income was primarily due to an increase in interest expense of $68,000, a $49,000 decrease in gain on sale of loans, and a $121,000 increase in compensation and benefits expense in the three months ended March 31, 2019. That was partially offset by an $189,000 increase in interest and dividend income in the three months ended March 31, 2019.

Interest Income. Interest and dividend income increased $189,000, or 16.2%, to $1.4 million for the three months ended March 31, 2019 from $1.2 million for the three months ended March 31, 2018. This increase was primarily attributable to a $193,000 increase in interest income on loans receivable. The average balance of loans during the three months ended March 31, 2019 increased by $13.6 million, or 13.7%, from the average balance for the three months ended March 31, 2018, while the average yield on loans increased by 15 basis points to 4.55% for the three months ended March 31, 2019 from 4.40% for the three months ended March 31, 2018.

Interest Expense. Total interest expense increased $68,000, or 40.2%, to $237,000 for the three months ended March 31, 2019 from $169,000 for the three months ended March 31, 2018. The average balance of interest-bearing deposits during the three months ended March 31, 2019 increased by $3.9 million, or 4.0%, from the average balance for the three months ended March 31, 2018, while the average cost of deposits increased by 25 basis points to 0.95% for the three months ended March 31, 2019 from 0.70% for the three months ended March 31, 2018.

Net Interest Income. Net interest income increased $121,000, or 12.1%, to $1.1 million for the three months ended March 31, 2019, compared to $996,000 for the three months ended March 31, 2018. The increase reflected an increase in total interest and dividend income of $189,000 offset by an increase in total interest expense of $68,000. Our net interest margin increased 18 basis points to 3.59% for the three months ended March 31, 2019 from 3.41% for the three months ended March 31, 2018. Our net interest rate spread increased to 3.40% for the three months ended March 31, 2019 from 3.29% for the three months ended March 31, 2018. The increase in our net interest margin and interest rate spread were impacted by rising interest rates in the three months ended March 31, 2019.

Provision for Loan Losses. Based on our analysis of the factors described in “Critical Accounting Policies—Allowance for Loan Losses,” we recorded no provision for loan losses for the three months ended March 31, 2019 and 2018. The allowance for loan losses was $1.2 million, or 0.94% of total loans, at March 31, 2019, compared to $1.2 million, or 0.96% of total loans, at December 31, 2018. Total nonperforming loans were $658,000 at March 31, 2019, compared to $740,000 and December 31, 2018. Classified loans were $1.4 million at March 31, 2019, compared to $1.7 million at December 31, 2018. Total loans past due 30 days or more were $373,000 and $1.2 million at March 31, 2019 and December 31, 2018, respectively. Net loan charge-offs totaled $35,000 for the three months ended March 31, 2019, compared to $4,000 of net loans recoveries for the three months ended March 31, 2018. The allowance for loan losses reflects the estimate we believe to be appropriate to cover incurred probable losses which were inherent in the loan portfolio at March 31, 2019 and 2018. While we believe the estimates and assumptions used in our determination of the adequacy of the allowance are reasonable, such estimates and assumptions could be proven incorrect in the future, and the actual amount of future provisions may exceed the amount of past provisions, and the increase in future provisions that may be required may adversely impact our financial condition and results of operations. In addition, bank regulatory agencies periodically review our allowance for loan losses and may require an increase in the provision for possible loan losses or the recognition of further loan charge-offs, based on judgments different than those of management.

Non-Interest Income. Non-interest income decreased $21,000, or 4.9%, to $409,000 for the three months ended March 31, 2019 from $430,000 for the three months ended March 31, 2018. The decrease was primarily due to a reduction in gain on sales of loans of $49,000, offset by a gain on sale of foreclosed real estate of $28,000 during the three months ended March 31, 2019 as compared to the three months ended March 31, 2018.

36

Non-Interest Expense. Non-interest expense increased $140,000, or 11.0%, to $1.4 million for the three months ended March 31, 2018, compared to $1.3 million for the three months ended March 31, 2018. The increase was due to an increase in compensation and benefits of $121,000, primarily related to stock based compensation, an increase of $10,000 in legal and professional services, and an increase in foreclosed real estate expenses of $21,000 during the three months ended March 31, 2019 as compared to the three months ended March 31, 2018.

Federal Income Taxes. Federal income taxes increased by $7,000 to an income tax expense of $28,000 for the three months ended March 31, 2019, compared to an income tax expense of $21,000 for the three months ended March 31, 2018. For the quarter ended March 31, 2018, the Company recorded an additional tax benefit related to its ESOP that did not recur in the quarter ended March 31, 2019.

37

Average Balances and Yields

The following table sets forth average balance sheets, annualized average yields and costs, and certain other information at and for the periods indicated. No tax-equivalent yield adjustments were made, as the effect thereof was not material. All average balances are daily average balances. Non-accrual loans were included in the computation of average balances, but have been reflected in the table as loans carrying a zero yield. The yields set forth below include the effect of deferred fees, discounts and premiums that are amortized or accreted to interest income or interest expense.

	For the Three Months Ended March 31,
	2019								2018
						Average								Average
	Average					Yield/			Average					Yield/
	Balance			Interest		Cost (4)			Balance			Interest		Cost (4)
Assets:
Interest Earning Assets
Loans	$	112,808		$	1,284		4.55	%	$	99,194		$	1,091		4.40	%
Interest bearing deposits and other		11,813			70		2.37	%		17,673			74		1.67	%
Total interest -earning assets		124,621			1,354		4.35	%		116,867			1,165		3.99	%
Total non-interest earning assets		11,806								13,275
Total assets	$	136,427							$	130,142
Liabilities and Equity:
Interest bearing checking		18,881			7		0.15	%		17,290			6		0.14	%
Savings		16,075			6		0.15	%		17,049			6		0.14	%
Money Market		17,399			11		0.25	%		20,023			11		0.22	%
CD's		47,735			213		1.78	%		41,877			146		1.39	%
Total interest-bearing deposits		100,090			237		0.95	%		96,239			169		0.70	%
FHLB Advances		-			-		0.00	%		6			-		3.33	%
Total interest bearing liabilities		100,090			237		0.95	%		96,245			169		0.70	%
Total non-interest-bearing liabilities		8,468								6,429
Total liabilities		108,558								102,674
Total equity		27,869								27,468
Total liabilities and equity	$	136,427							$	130,142
Net interest income				$	1,117							$	996
Net interest rate spread (1)							3.40	%							3.29	%
Net interest earning assets (2)	$	24,531							$	20,622
Net interest margin (3)							3.59	%							3.41	%
Ratio of average interest-earning assets to average interest bearing liabilities		124.51	%							121.43	%

(1) Interest rate spread represents the difference between the yield on average interest-earning assets and the cost of average interest-bearing liabilities.

(2) Net interest-earning assets represent total interest-earning assets less total interest-bearing liabilities.

(3) Net interest margin represents net interest income divided by total interest-earning assets.

(4) Average yield/cost is annualized

Liquidity and Capital Resources

Liquidity describes our ability to meet the financial obligations that arise in the ordinary course of business. Liquidity is primarily needed to meet the borrowing and deposit withdrawal requirements of our customers and to fund current and planned expenditures. Our primary sources of funds are deposits, principal and interest payments on loans and proceeds from the sale of loans. We also have the ability to borrow from the FHLB-Cincinnati. At March 31, 2019, we had no outstanding advances from the FHLB-Cincinnati. At March 31, 2019, we had the capacity to borrow an additional $56.6 million from the FHLB-Cincinnati.

38

While maturities and scheduled amortization of loans are predictable sources of funds, deposit flows and loan prepayments are greatly influenced by general interest rates, economic conditions, and competition. Our most liquid assets are cash and short-term investments including interest-bearing demand deposits. The levels of these assets are dependent on our operating, financing, lending, and investing activities during any given period.

Our cash flows are comprised of three primary classifications: cash flows from operating activities, investing activities, and financing activities. Net cash used in operating activities was $1.0 million for the three months ended March 31, 2019, while net cash provided by operating activities was $295,000 for the three months ended March 31, 2018, respectively. Net cash provided by investing activities, which consists primarily of repayment or disbursements for loans was $1.5 million for the three months ended March 31, 2019, while the net cash used in investing activities was $6.3 million for the three months ended March 31, 2018, respectively. Net cash used in financing activities, consisting primarily of the activity in deposit accounts, was $838,000 for the three month ended March 31, 2019, while the net cash provided by financing activities was $1.1 million for the three months ended March 31, 2018, also resulted from activity in deposit accounts.

We are committed to maintaining a strong liquidity position. We monitor our liquidity position on a daily basis. We anticipate that we will have sufficient funds to meet our current funding commitments. Based on our deposit retention experience and current pricing strategy, we anticipate that a significant portion of maturing time deposits will be retained.

At March 31, 2019, we exceeded all of our regulatory capital requirements with a Tier 1 leverage capital level of $21.0 million, or 15.4% of adjusted total assets, which is above the well-capitalized required level of $6.8 million, or 5.0%; and total risk-based capital of $22.2 million, or 17.2% of risk-weighted assets, which is above the well-capitalized required level of $12.9 million, or 10.0%. Accordingly, Eagle Savings Bank was categorized as well capitalized at March 31, 2019 and December 31, 2018. Management is not aware of any conditions or events since the most recent notification that would change our category.

Off-Balance Sheet Arrangements and Aggregate Contractual Obligations

Commitments. As a financial services provider, we routinely are a party to various financial instruments with off-balance-sheet risks, such as commitments to extend credit and unused lines of credit. While these contractual obligations represent our future cash requirements, a significant portion of commitments to extend credit may expire without being drawn upon. Such commitments are subject to the same credit policies and approval process accorded to loans we make. At March 31, 2019, we had outstanding commitments to originate loans of $24.8 million, including undisbursed funds on construction loans and funds available on undrawn lines of credit. We anticipate that we will have sufficient funds available to meet our current lending commitments. Certificates of deposit that are scheduled to mature within one year from March 31, 2019 totaled $27.9 million. Management expects that a substantial portion of the maturing certificates of deposit will be renewed. However, if a substantial portion of these deposits is not retained, we may utilize FHLB-Cincinnati advances or raise interest rates on deposits to attract new accounts, which may result in higher levels of interest expense.

Contractual Obligations. In the ordinary course of our operations, we enter into certain contractual obligations. Such obligations include data processing services, operating leases for premises and equipment, agreements with respect to borrowed funds and deposit liabilities.

39

ITEM 3 QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK

Not applicable, as the Registrant is a smaller reporting company.

ITEM 4. CONTROLS AND PROCEDURES

An evaluation was performed under the supervision and with the participation of the Company’s management, including the Principal Executive Officer and the Principal Financial Officer, of the effectiveness of the design and operation of the Company’s disclosure controls and procedures (as defined in Rule 13a-15(e) promulgated under the Securities and Exchange Act of 1934, as mended) as of March 31, 2019. Based on that evaluation, the Company’s management, including the Principal Executive Officer and the Principal Financial Offer, concluded that the Registrant’s disclosure controls and procedures were effective.

During the quarter ended March 31, 2019 there was no change in the Company’s internal control over financial reporting that has materially affected, or is reasonably likely to materially affect, the Company’s internal control over financial reporting.

PART II – Other Information

Item 1. Legal Proceedings

The Company is subject to various legal actions arising in the normal course of business. In the opinion of management, the resolution of these legal actions is not expected to have a material adverse effect on the Company’s financial condition or results of operations.

Item 1.A. Risk Factors

In addition to other information set forth in this report, you should carefully consider the factors discussed in the Eagle Financial Bancorp, Inc.’s annual report on Form 10-K for the year ended December 31, 2018 as filed with the Securities and Exchange Commission on March 27, 2019 (“Form 10-K”), including under “Item 1.A. Risk Factors”, which could materially affect our business, financial condition or future results. Additional risks not presently known to us, or that we currently deem immaterial, may also adversely affect our business, financial condition or results of operations. At March 31, 2019, the risk factors for Eagle Financial Bancorp, Inc. have not changed materially from those reported in the Form 10-K. However, the risks described in the Form 10-K are not the only risks that we face.

Item 2. Unregistered Sales of Equity Securities and Use of Proceeds

None.

Item 3. Defaults Upon Senior Securities

None.

Item 4. Mine Safety Disclosures

Not applicable.

Item 5. Other Information

None.

40

Item 6. Exhibits

31.1	Certification of Principal Executive Officer Pursuant to Rule 13a-14 of the Securities Exchange Act of 1934, As Adopted Pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.
31.2	Certification of Principal Financial Officer Pursuant to Rule 13a-14 of the Securities Exchange Act of 1934, As Adopted Pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.
32.1	Certification of Principal Executive Officer Pursuant to 18 U.S.C. Section 1350, as Adopted Pursuant to Section 906 of the Sarbanes-Oxley Act of 2002.
32.2	Certification of Principal Financial Officer Pursuant to 18 U.S.C. Section 1350, as Adopted Pursuant to Section 906 of the Sarbanes-Oxley Act of 2002.
101.0	The following material from Eagle Financial Bancorp, Inc.’s Quarterly Report on Form 10-Q for the quarter ended March 31, 2019, formatted in XBRL (Extensible Business Reporting Language): (i) the Condensed Balance Sheets, (ii) the Condensed Statements of Operations, (iii) the Condensed Statements of Equity, (iv) the Condensed Statements of Cash Flows, and (v) the Notes to Condensed Financial Statements.

41

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.

Date:	May 10, 2019	By:	/s/Gary J. Koester
			Gary J. Koester
			President and Chief Executive Officer
Date:	May 10, 2019	By:	/s/Kevin R. Schramm
			Kevin R. Schramm
			Vice President, Chief Financial Officer and Treasurer

42

EX-31.1

Exhibit 31.1

CERTIFICATION PURSUANT TO RULE 13A-14

OF THE SECURITIES EXCHANGE ACT OF 1934

AS ADOPTED PURSUANT TO SECTION 302 OF THE

SARBANES-OXLEY ACT OF 2002

I, Gary J. Koester, certify that:

1. I have reviewed this quarterly report on Form 10-Q of Eagle Financial Bancorp, Inc.;

2. Based on my knowledge, this quarterly report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this quarterly report;

3. Based on my knowledge, the financial statements, and other financial information included in this quarterly report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this quarterly report;

4. The registrant’s other certifying officer and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined Exchange Act Rules l3a-15(f) and 15d-15(f)) for the registrant and have:

a. Designed such disclosure controls and procedures or caused such disclosure controls to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this quarterly report is being prepared;

b. Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

c. Evaluated the effectiveness of the registrant’s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this quarterly report based on such evaluation; and

d. Disclosed in this report any change in the registrant’s internal control over financial reporting that occurred during the registrant’s most recent fiscal quarter (the registrant’s fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting; and

5. The registrant’s other certifying officer and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant’s auditors and the audit committee of registrant’s board of directors (or persons performing the equivalent functions):

a. All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant’s ability to record, process, summarize and report financial information; and

b. Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant’s internal control over financial reporting.

Date:  May 10, 2019	/s/Gary J. Koester
	Gary J. Koester
	President and Chief Executive Officer
	(principal executive officer)

EX-31.2

Exhibit 31.2

CERTIFICATION PURSUANT TO RULE 13A-14

OF THE SECURITIES EXCHANGE ACT OF 1934

AS ADOPTED PURSUANT TO SECTION 302 OF THE

SARBANES-OXLEY ACT OF 2002

I, Kevin R. Schramm, certify that:

1. I have reviewed this quarterly report on Form 10-Q of Eagle Financial Bancorp, Inc.;

2. Based on my knowledge, this quarterly report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this quarterly report;

3. Based on my knowledge, the financial statements, and other financial information included in this quarterly report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this quarterly report;

4. The registrant’s other certifying officer and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined Exchange Act Rules l3a-15(f) and 15d-15(f)) for the registrant and have:

a. Designed such disclosure controls and procedures or caused such disclosure controls to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this quarterly report is being prepared;

b. Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

c. Evaluated the effectiveness of the registrant’s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this quarterly report based on such evaluation; and

d. Disclosed in this report any change in the registrant’s internal control over financial reporting that occurred during the registrant’s most recent fiscal quarter (the registrant’s fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting; and

5. The registrant’s other certifying officer and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant’s auditors and the audit committee of registrant’s board of directors (or persons performing the equivalent functions):

a. All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant’s ability to record, process, summarize and report financial information; and

b. Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant’s internal control over financial reporting.

Date:  May 10, 2019	/s/Kevin R. Schramm
	Kevin R. Schramm
	Vice President, Chief Financial Officer and Treasurer
	principal financial officer)

EX-32.1

Exhibit 32.1

CERTIFICATION PURSUANT TO

18 U.S.C. SECTION 1350

AS ADOPTED PURSUANT TO

SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002

In connection with the Quarterly Report of Eagle Financial Bancorp, Inc. (the “Company”), on Form 10-Q for the period ended March 31, 2019, as filed with the Securities and Exchange Commission on the date of this Certification (the “Report”), I, Gary J. Koester, President and Chief Executive Officer of the Company, certify, pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, that, to my knowledge:

1. The Report fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934; and

2. The information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of the Company.

A signed original of this written statement required by Section 906 has been provided to Eagle Savings Bank and will be retained by Eagle Savings Bank and furnished to the Securities and Exchange Commission or its staff upon request.

	/s/Gary J. Koester
	Gary J. Koester
	President and Chief Executive Officer
Date:  May 10, 2019

EX-32.2

Exhibit 32.2

CERTIFICATION PURSUANT TO

18 U.S.C. SECTION 1350

AS ADOPTED PURSUANT TO

SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002

In connection with the Quarterly Report of Eagle Financial Bancorp, Inc. (the “Company”), on Form 10-Q for the period ended March 31, 2019, as filed with the Securities and Exchange Commission on the date of this Certification (the “Report”), I, Kevin R. Schramm, Vice President, Chief Financial Officer and Treasurer of the Company, certify, pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, that, to my knowledge:

1. The Report fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934; and

2. The information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of the Company.

A signed original of this written statement required by Section 906 has been provided to Eagle Savings Bank and will be retained by Eagle Savings Bank and furnished to the Securities and Exchange Commission or its staff upon request.

	/s/Kevin R. Schramm
	Kevin R. Schramm
	Vice President, Chief Financial Officer and Treasurer
Date:  May 10, 2019

XML

Document and Entity Information - shares	3 Months Ended
	Mar. 31, 2019	May 10, 2019
Document And Entity Information [Abstract]
Entity Registrant Name	Eagle Financial Bancorp, Inc.
Entity Central Index Key	0001699018
Trading Symbol	efbi
Current Fiscal Year End Date	--12-31
Entity Filer Category	Non-accelerated Filer
Entity Common Stock, Shares Outstanding		1,642,758
Document Type	10-Q
Document Period End Date	Mar. 31, 2019
Amendment Flag	false
Document Fiscal Year Focus	2019
Document Fiscal Period Focus	Q1
Entity Small Business	true
Entity Emerging Growth Company	true
Entity Ex Transition Period	false

XML

Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	Mar. 31, 2019	Dec. 31, 2018
Assets
Cash and due from banks	$ 450	$ 471
Federal Reserve and Federal Home Loan Bank (FHLB) demand accounts	6,631	6,963
Cash and cash equivalents	7,081	7,434
Interest-bearing time deposits in other banks	2,739	3,486
Loans held for sale	3,000	1,827
Loans, net of allowance for loan losses of $1,152 and $1,187 at March 31, 2019 and December 31, 2018, respectively	112,783	113,317
Premises and equipment - at depreciated cost	4,168	4,210
FHLB stock - at cost	754	754
Foreclosed real estate held for sale, net		217
Bank-owned life insurance (BOLI)	1,970	1,958
FHLB lender risk account receivable	3,373	3,377
Accrued interest receivable	364	354
Other assets	313	151
Total assets	136,545	137,085
Deposits
Noninterest-bearing	5,654	5,878
Interest-bearing	100,312	100,491
Total deposits	105,966	106,369
Advances from borrowers for taxes and insurance	624	950
Accrued interest payable	2	1
Accrued supplemental retirement plans	1,355	1,301
Accrued federal income tax	261	182
Deferred federal tax liability	79	131
Other liabilities	426	377
Total liabilities	108,713	109,311
Shareholders' Equity
Preferred stock, $0.01 par value, 5,000,000 shares authorized; none issued and outstanding
Common stock, $0.01 par value, 50,000,000 shares authorized at March 31, 2019 and December 31, 2018; issued 1,654,758 at March, 2019 and December 31, 2018; outstanding 1,642,758 at March 31, 2019 and 1,649,758 at December 31, 2018	16	16
Additional paid-in capital	14,906	14,836
Retained earnings	14,242	14,161
Treasury Stock, at cost 12,000 shares at March 31, 2019 and 5,000 shares at December 31, 2018	(187)	(78)
Unearned Employee Stock Ownership Plan ("ESOP") shares	(1,145)	(1,161)
Total shareholders' equity	27,832	27,774
Total liabilities and shareholders' equity	$ 136,545	$ 137,085

XML

Condensed Consolidated Balance Sheets (Parentheticals) - USD ($) $ in Thousands	Mar. 31, 2019	Dec. 31, 2018
Statement of Financial Position [Abstract]
Allowance for loan losses (in dollars)	$ 1,152	$ 1,187
Preferred stock, par value (in dollars per share)	$ 0.01	$ 0.01
Preferred stock, shares authorized	5,000,000	5,000,000
Preferred stock, shares issued	0	0
Preferred stock, shares outstanding	0	0
Common stock, par value (in dollars per share)	$ 0.01	$ 0.01
Common stock, shares authorized	50,000,000	50,000,000
Common stock, shares issued	1,654,758	1,654,758
Common stock, shares outstanding	1,642,758	1,649,758
Treasury stock, common, shares	12,000	5,000

XML

Condensed Consolidated Statements of Income and Comprehensive Income (Unaudited) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Interest and Dividend Income
Interest earned on loans	$ 1,284	$ 1,091
Dividends on FHLB stock	11	10
Other interest-earning deposits	59	64
Total interest and dividend income	1,354	1,165
Interest Expense
Interest on deposits	237	169
Total interest expense	237	169
Net Interest Income	1,117	996
Provision for Loan Losses	0	0
Net Interest Income After Provision for Loan Losses	1,117	996
Noninterest Income
Net gains on loan sales	329	378
Other service charges and fees	40	41
Gain on sale of foreclosed real estate	28
Income from BOLI	12	11
Total noninterest income	409	430
Noninterest Expense
Compensation and benefits	962	841
Occupancy and equipment, net	59	63
Data processing	95	112
Legal and professional services	82	72
FDIC premium expense		10
Foreclosed real estate impairments and expenses, net	21
Franchise and other taxes	56	41
Advertising	10	10
ATM processing expense	24	20
Other expenses	108	108
Total noninterest expense	1,417	1,277
Income Before Income Taxes	109	149
Income Taxes
Provision for Income taxes	28	21
Total income taxes	28	21
Net Income and Comprehensive Income	$ 81	$ 128
Earnings per share - basic and diluted (in dollars per share)	$ 0.05	$ 0.09
Weighted-average shares outstanding - basic and diluted (in shares)	1,490,283	1,491,310

XML

Condensed Consolidated Statements of Shareholders' Equity (Unaudited) - USD ($) $ in Thousands	Common Stock	Additional Paid-In Capital	Retained Earnings	Treasury Stock	Unearned ESOP Shares	Total
Balance at Dec. 31, 2017	$ 16	$ 14,730	$ 13,817		$ (1,226)	$ 27,337
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income			128			128
ESOP shares earned		10			16	26
Balance at Mar. 31, 2018	16	14,740	13,945		(1,210)	27,491
Balance at Dec. 31, 2018	16	14,836	14,161	$ (78)	(1,161)	27,774
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income			81			81
ESOP shares earned		9			16	25
Stock based compensation expense		61				61
Repurchase of common stock				(109)		(109)
Balance at Mar. 31, 2019	$ 16	$ 14,906	$ 14,242	$ (187)	$ (1,145)	$ 27,832

XML

Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Operating Activities
Net income	$ 81	$ 128
Items not requiring (providing) cash:
Depreciation and amortization	49	51
Amortization of deferred loan fees	2	(9)
Proceeds on sale of loans in the secondary market	8,715	10,747
Loans originated for sale in the secondary market	(9,559)	(9,891)
Gain on sale of loans	(329)	(378)
Gain on sale of foreclosed real estate	(28)
Deferred federal tax liability	(52)	2
Increase in cash surrender value of BOLI	(12)	(11)
Stock based compensation expense	61
ESOP compensation expense	25	26
Changes in:
FHLB lender risk account receivable	4	(20)
Accrued interest receivable	(10)	(29)
Other assets and prepaid federal income taxes	(162)	(251)
Accrued federal income taxes	79
Accrued supplemental retirement plans	54	56
Accrued expenses and other liabilities	50	(126)
Net cash flows (used in) provided by operating activities	(1,032)	295
Investing Activities
Net decrease (increase) in interest-bearing time deposits in other banks	747	(399)
Net decrease (increase) in loans	532	(5,896)
Purchase of premises and equipment	(7)	(18)
Purchase of FHLB stock	0	(18)
Proceeds from sale of foreclosed real estate	245
Net cash provided by (used in) investing activities	1,517	(6,331)
Financing Activities
Net (decrease) increase in deposits	(403)	1,373
Repayment of FHLB advances	0	(5)
Repurchase of common stock	(109)
Net decrease in advances from borrowers for taxes and insurance	(326)	(307)
Net cash (used in) provided by financing activities	(838)	1,061
Decrease in Cash and Cash Equivalents	(353)	(4,975)
Cash and Cash Equivalents, Beginning of Period	7,434	15,350
Cash and Cash Equivalents, End of Period	7,081	10,375
Supplemental Cash Flows Information:
Interest paid	$ 236	$ 169

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Nature of Operations and Summary of Significant Accounting Policies

3 Months Ended

Mar. 31, 2019

Accounting Policies [Abstract]

Nature of Operations and Summary of Significant Accounting Policies

Note 1: Nature of Operations and Summary of Significant Accounting Policies

General

Eagle Financial Bancorp, Inc. (the “Company”), a Maryland corporation and registered savings and loan holding company, was formed on February 21, 2017 to become the bank holding company for Eagle Savings Bank (the “Bank”). The Bank, an Ohio chartered savings and loan association, completed its mutual-to-stock conversion on July 20, 2017. In connection with the Bank’s conversion, the Company acquired 100% ownership of the Bank and the Company offered and sold 1,572,808 shares of its common stock at $10.0 per share, for gross offering proceeds of $15,728. The cost of the conversion and issuance of common stock was approximately $1,423, which was deducted from the gross offering proceeds. The Company also contributed 40,000 shares of its common stock and $100 of cash to Eagle Savings Bank Charitable Foundation (the “Foundation”), a charitable foundation formed in connection with the Bank’s conversion. The Bank’s employee stock ownership plan (“ESOP”) purchased 129,024 shares of the common stock sold by the Company, which was 8% of the 1,612,808 shares of common stock issued by the Company, including the shares contributed to the Foundation. The ESOP purchased the shares using a loan from the Company. The Company contributed $7,153 of the net proceeds from the offering to the Bank, loaned $1,290 of the net proceeds to the ESOP, contributed $100 to the Foundation and retained approximately $5,763 of the net proceeds.

Following the Bank’s conversion, voting rights are held and exercised exclusively by the shareholders of the holding company. Deposit account holders continue to be insured by the FDIC. A liquidation account was established in an amount equal to the Bank’s total equity as of the latest balance sheet date in the final offering circular used in the conversion. Each eligible account holder or supplemental account holder are entitled to a proportionate share of this account in the event of a complete liquidation of the Bank, and only in such event. This share will be reduced if the eligible account holder’s or supplemental account holder’s deposit balance falls below the amounts on the date of record and will cease to exist if the account is closed. The liquidation account will never be increased despite any increase after conversion in the related deposit balance.

The Bank may not pay a dividend on its capital stock, if the effect thereof would cause retained earnings to be reduced below the liquidation account amount or regulatory capital requirements. In addition, the stock holding company will be subject to certain regulations related to the payment of dividends and the repurchase of its capital stock.

The Conversion was accounted for as a change in corporate form with the historic basis of the Bank’s assets, liabilities and equity unchanged as a result.

Basis of Presentation and Consolidation

The condensed consolidated financial statements as of March 31, 2019 and December 31, 2018 and for the three months ended March 31, 2019 and 2018, include Eagle Financial Bancorp, Inc. and the Bank, its wholly owned subsidiary. Intercompany transactions and balances have been eliminated in consolidation.

The accompanying condensed balance sheet of the Company as of December 31, 2018, which has been derived from audited financial statements, and unaudited condensed financial statements of the Company as of March 31, 2019 and for the three months ended March 31, 2019 and 2018, were prepared in accordance with instructions for Form 10-Q and Article 8-03 of Regulation S-X and, therefore, do not include information or footnotes necessary for a complete presentation of financial position, results of operations and cash flows in accounting principles generally accepted in the United States of America. Accordingly, these condensed financial statements should be read in conjunction with the financial statements and notes thereto of the Company for the year ended December 31, 2018 included in the Registrant’s Form 10-K (the “Form 10-K”). Reference is made to the accounting policies of the Company described in the Notes to Financial Statements contained in the Form 10-K.

In the opinion of management, all adjustments (consisting only of normal recurring adjustments) which are necessary for a fair presentation of the unaudited condensed financial statements have been included to present fairly the financial position as of March 31, 2019 and the results of operations and cash flows for the three months ended March 31, 2019 and 2018. All interim amounts have not been audited and the results of operations for the three months ended March 31, 2019 and 2018, herein are not necessarily indicative of the results of operations to be expected for the entire year.

Revenue Recognition

Accounting Standards Codification ("ASC") 606, Revenue from Contracts with Customers ("ASC 606"), establishes principles for reporting information about the nature, amount, timing and uncertainty of revenue and cash flows arising from the entity's contracts to provide goods or services to customers. The core principle requires an entity to recognize revenue to depict the transfer of goods or services to customers in an amount that reflects the consideration that it expects to be entitled to receive in exchange for those goods or services recognized as performance obligations are satisfied.

The majority of our revenue-generating transactions are not subject to ASC 606, including revenue generated from financial instruments, such as our loans, as well as revenue related to our mortgage banking activities, as these activities are subject to other GAAP discussed elsewhere within our disclosures.

Descriptions of our revenue-generating activities that are within the scope of ASC 606, which are presented in our income statements as components of non-interest income are as follows:

Service charges on deposit accounts - these represent general service fees for monthly account maintenance and activity- or transaction-based fees and consist of transaction-based revenue, time-based revenue (service period), item-based revenue or some other individual attribute-based revenue. Revenue is recognized when our performance obligation is completed which is generally monthly for account maintenance services or when a transaction has been completed (such as a wire transfer). Payment for such performance obligations are generally received at the time the performance obligations are satisfied.

Use of Estimates

The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates.

Material estimates that are particularly susceptible to significant change relate to the determination of the allowance for loan losses, valuation of real estate acquired in connection with foreclosures or in satisfaction of loans, and fair values of financial instruments.

Recently Adopted Accounting Pronouncements

ASU No. 2016-01 was issued in January 2016 and applies to all entities that hold financial assets or owe financial liabilities. ASU 2016-01 is intended to improve the recognition and measurement of financial instruments by requiring equity investments to be measured at fair value with changes in fair value recognized in net income; requiring public entities to use the exit price notion when measuring the fair value of financial instruments for disclosure purposes; requiring separate presentation of financial assets and financial liabilities by measurement category and form of financial asset on the balance sheet or the accompanying notes to the financial statements; eliminating the requirement for public business entities to disclose the method(s) and significant assumptions used to estimate the fair value that is required to be disclosed for financial instruments measured and amortized at cost on the balance sheet; and requiring a reporting organization to present separately in other comprehensive income the portion of the total change in the fair value of a liability resulting from a change in the instruments specific credit risk when the organization has elected to measure the liability at fair value in accordance with the fair value option for financial instruments. ASU 2016-01 is effective for annual periods and interim periods within those periods, beginning after December 15, 2018. The amendments should be applied by means of a cumulative-effect adjustment to the balance sheet as of the beginning of the fiscal year of adoption. The Company has adopted ASU 2016-01 on January 1, 2019 and it did not have a material effect on its fair value disclosures and other disclosure requirements. These amendments did have an impact on certain items that were disclosed at fair value that did not utilize the exit price notion when measuring fair value. For additional information on fair value of assets and liabilities, see Note 7.

In May 2014, the FASB issued ASU No. 2014-09 “Revenue from Contracts with Customers (Topic 606)” (ASU 2014-09). This update to the ASC is the culmination of efforts by the FASB and the International Accounting Standards Board (IASB) to develop a common revenue standard for U.S. GAAP and International Financial Reporting Standards (IFRS). ASU 2014-09 supersedes Topic 605 – Revenue Recognition and most industry-specific guidance. The core principle of the guidance is that an entity should recognize revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. The guidance in ASU 2014-09 describes a 5-step process entities can apply to achieve the core principle of revenue recognition and requires disclosures sufficient to enable users of financial statements to understand the nature, amount, timing, and uncertainty of revenue and cash flows arising from contracts with customers and the significant judgments used in determining that information. Originally, the amendments in ASU 2014-09 were effective for annual reporting periods beginning after December 15, 2016, including interim periods within that reporting period and early application is not allowed. In July 2015, the FASB extended the implementation date to annual reporting periods beginning after December 15, 2017 including interim periods within that reporting period. Transitional guidance is included in the update. Earlier adoption is permitted only as of annual reporting periods beginning after December 31, 2016, including interim periods within that reporting period. The Company’s revenue is comprised of net interest income, which is explicitly excluded from the scope of ASU 2014-09, and non- interest income. The Company has adopted ASU 2014-09 on January 1, 2019 and it did not identify any changes in the timing of revenue recognition when considering the amended accounting guidance. The Company included additional disclosures beginning in the first quarter of 2019 as required by the guidance.

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Earnings Per Common Share

3 Months Ended

Mar. 31, 2019

Earnings Per Share [Abstract]

Earnings Per Common Share

Note 2: Earnings Per Common Share

Basic earnings per common share (“EPS”) allocated to common shareholders is calculated using the two-class method and is computed by dividing net income allocated to common shareholders by the weighted average number of common shares outstanding during the period. Unallocated common shares held by the Company’s Employee Stock Ownership Plan (“the ESOP”) are shown as a reduction in stockholder’s equity and are excluded from weighted-average common shares outstanding for both basic and diluted EPS calculations until they are committed to be released. Diluted earnings per share is adjusted for the dilutive effects of stock based compensation and is calculated using the two-class method or the treasury method. There were no dilutive effects at March 31, 2019 or 2018.

The following table presents a reconciliation of the number of shares used in the calculation of basic and diluted earnings per common share:

	Three Months Ended		Three Months Ended
	March 31, 2019		March 31, 2018
Net income	$	81	$	128
Less allocation of earnings to participating securities		-		-
Net income allocated to common shareholders	$	81	$	128
Shares Outstanding for basic earnings per common share:
Weighted Average shares outstanding:		1,605,330		1,612,808
Less: Average Unearned ESOP shares:		115,047		121,498
Weighted average number of shares outstanding used in the calculation of basic earnings per common share		1,490,283		1,491,310
Basic earnings per common share:	$	0.05	$	0.09
Effect of dilutive securities:
Stock Options		-		-
Weighted average number of shares outstanding used in the calculation of dilutive earnings per common share		1,490,283		1,491,310
Diluted earnings per common share:	$	0.05	$	0.09

All stock options were anti-dilutive, therefore not included in dilutive securities.

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Loans and Allowance for Loan Losses

3 Months Ended

Mar. 31, 2019

Receivables [Abstract]

Loans and Allowance for Loan Losses

Note 3: Loans and Allowance for Loan Losses

The composition of the loan portfolio at March 31, 2019 and December 31, 2018 was as follows:

	March 31,			December 31,
	2019			2018
Residential mortgage loans	$	69,892		$	67,169
Commercial real estate and land loans		16,617			17,587
Home equity and other consumer		12,423			13,773
Residential construction loans		10,252			11,756
Residential mortgage loans, non-owner occupied		6,447			6,464
Multi-family real estate loans		1,166			1,185
Commercial loans		5,973			6,041
		122,770			123,975
Net deferred loan costs		16			14
Loans in process		(8,851	)		(9,485	)
Allowance for loan losses		(1,152	)		(1,187	)
Net loans	$	112,783		$	113,317

Loans serviced for the benefit of others at March 31, 2019 and December 31, 2018 amounted to $1,770 and $1,816, respectively.

Loans in process relates to primarily residential mortgage loans.

Risk characteristics applicable to each segment of the loan portfolio are described as follows.

Residential Mortgage Loans, including Construction Loans and Land Loans: The residential 1-4 family real estate loans and construction loans are generally secured by owner-occupied 1-4 family residences. Repayment of these loans is primarily dependent on the personal income and credit rating of the borrowers. Credit risk in these loans can be impacted by economic conditions within the Bank’s market areas that might impact either property values or a borrower’s personal income. Land loans are secured primarily by unimproved land for future residential use. Risk is mitigated by the fact that the loans are of smaller individual amounts and spread over a large number of borrowers.

Residential Mortgage Loans, Non-Owner Occupied: One-to-four family, non-owner occupied loans carry greater inherent risks than one-to-four family, owner occupied loans, since the repayment ability of the borrower is generally reliant on the success of the income generated from the property.

Commercial Real Estate and Multi-Family Real Estate: Commercial real estate loans typically involve larger principal amounts, and repayment of these loans is generally dependent on the successful operations of the property securing the loan or the business conducted on the property securing the loan. Multi-family real estate loans are generally secured by apartment complexes. These loans are viewed primarily as cash flow loans and secondarily as loans secured by real estate. Credit risk in these loans may be impacted by the creditworthiness of a borrower, property values and the local economies in the Bank’s market areas.

Commercial: The commercial portfolio includes loans to commercial customers for use in financing working capital needs, equipment purchases and expansions. The loans in this category are repaid primarily from the cash flow of a borrower’s principal business operation. Credit risk in these loans is driven by creditworthiness of a borrower and the economic conditions that impact the cash flow stability from business operations.

Home equity and Other Consumer: The consumer loan portfolio consists of home equity loans and term and line of credit loans such as automobile loans and loans for other personal purposes. Repayment of the home equity loans is primarily dependent on the personal income and credit rating of the borrowers. Credit risk in these loans can be impacted by economic conditions within the Bank’s market areas that might impact either property values or a borrower’s personal income. Repayment for term and line of credit loans will come from a borrower’s income sources that are typically independent of the loan purpose. Credit risk is driven by consumer economic factors (such as unemployment and general economic conditions in the Bank’s market area) and the creditworthiness of a borrower.

The following tables present the activity in the allowance for loan losses and the recorded investment in loans based on portfolio segment and impairment method for the three months ended March 31, 2019 and 2018 and year ended December 31, 2018:

Three Months Ended March 31, 2019 (Unaudited)	Residential Mortgage Loans		Commercial Real Estate and Land Loans			Home Equity and Other Consumer			Residential Construction Loans			Residential Mortgage Loans Non- Owner Occupied			Multi- Family Real Estate Loans		Commercial Loans			Total
Allowance for loan losses:
Balance, beginning of year	$	409	$	260		$	313		$	128		$	42		$	14	$	21		$	1,187
Provision charged to expense		11		(14	)		21			(16	)		(1	)		-		(1	)		-
Losses charged off		-		-			(39	)		-			-			-		-			(39	)
Recoveries		4		-			-			-			-			-		-			4
Balance, end of year	$	424	$	246		$	295		$	112		$	41		$	14	$	20		$	1,152
Ending balance:  individually evaluated for impairment	$	3	$	-		$	-		$	-		$	-		$	-	$	-		$	3
Ending balance:  collectively evaluated for impairment	$	421	$	246		$	295		$	112		$	41		$	14	$	20		$	1,149
Loans:
Ending balance	$	69,892	$	16,617		$	12,423		$	10,252		$	6,447		$	1,166	$	5,973		$	122,770
Ending balance:  individually evaluated for impairment	$	74	$	-		$	42		$	-		$	187		$	-	$	-		$	303
Ending balance:  collectively evaluated for impairment	$	69,818	$	16,617		$	12,381		$	10,252		$	6,260		$	1,166	$	5,973		$	122,467

Three Months Ended March 31, 2018 (Unaudited)	Residential Mortgage Loans		Commercial Real Estate and Land Loans		Home Equity and Other Consumer		Residential Construction Loans		Residential Mortgage Loans Non- Owner Occupied			Multi- Family Real Estate Loans		Commercial Loans		Total
Allowance for loan losses:
Balance, beginning of year	$	283	$	199	$	276	$	116	$	122		$	25	$	160	$	1,181
Provision charged to expense		1		10		17		7		(35	)		-		-		-
Losses charged off		-		-		-		-		-			-		-		-
Recoveries		4		-		-		-		-			-		-		4
Balance, end of period	$	288	$	209	$	293	$	123	$	87		$	25	$	160	$	1,185

Year Ended December 31, 2018	Residential Mortgage Loans			Commercial Real Estate and Land Loans			Home Equity and Other Consumer			Residential Construction Loans		Residential Mortgage Loans Non- Owner Occupied			Multi- Family Real Estate Loans			Commercial Loans			Total
Allowance for loan losses:
Balance, beginning of year	$	283		$	199		$	276		$	116	$	122		$	25		$	160		$	1,181
Provision charged to expense		146			129			44			12		(82	)		(11	)		(139	)		99
Losses charged off		(35	)		(68	)		(7	)		-		-			-			-			(110	)
Recoveries		15			-			-			-		2			-			-			17
Balance, end of year	$	409		$	260		$	313		$	128	$	42		$	14		$	21		$	1,187
Ending balance:  individually evaluated for impairment	$	3		$	-		$	-		$	-	$	-		$	-		$	-		$	3
Ending balance:  collectively evaluated for impairment	$	406		$	260		$	313		$	128	$	42		$	14		$	21		$	1,184
Loans:
Ending balance	$	67,169		$	17,587		$	13,773		$	11,756	$	6,464		$	1,185		$	6,041		$	123,975
Ending balance:  individually evaluated for impairment	$	74		$	-		$	43		$	-	$	190		$	-		$	-		$	307
Ending balance:  collectively evaluated for impairment	$	67,095		$	17,587		$	13,730		$	11,756	$	6,274		$	1,185		$	6,041		$	123,668

Internal Risk Categories

Loan grades are numbered 1 through 8. Grades 5 through 8 are considered satisfactory grades. The grade of 1, or Special Mention, represents loans of lower quality and is considered criticized. The grades of 2, or Substandard, 3, or Doubtful, and 4, or Loss refer to assets that are classified. The use and application of these grades by the Bank will be uniform and shall conform to the Bank’s policy.

Special Mention (grade 1) assets have potential weaknesses that deserve management’s close attention. If left uncorrected, these potential weaknesses may result in deterioration of the repayment prospects for the asset or in the institution’s credit position at some future date. Special mention assets are not adversely classified and do not expose an institution to sufficient risk to warrant adverse classification. Ordinarily, special mention credits have characteristics which corrective management action would remedy.

Substandard (grade 2) loans are inadequately protected by the current sound worth and paying capacity of the obligor or of the collateral pledged, if any. Loans so classified must have a well-defined weakness or weaknesses that jeopardize the liquidation of the debt. They are characterized by the distinct possibility that the Bank will sustain some loss if the deficiencies are not corrected.

Doubtful (grade 3) loans classified as doubtful have all the weaknesses inherent in those classified Substandard with the added characteristic that the weaknesses make collection or liquidation in full, on the basis of current known facts, conditions and values, highly questionable and improbable.

Loss (grade 4) loans classified as loss are considered uncollectible and of such little value that their continuance as assets is not warranted. This classification does not mean that the loan has absolutely no recovery or salvage value but rather it is not practical or desirable to defer writing off even though partial recovery may be affected in the future.

Satisfactory (grades 5 through 8) represent loans for which quality is considered to be satisfactory.

The following tables present the credit risk profile of the Bank’s loan portfolio based on rating category and payment activity as of March 31, 2019 and December 31, 2018:

March 31, 2019 (Unaudited)	Residential Mortgage Loans		Commercial Real Estate and Land Loans		Home Equity and Other Consumer		Residential Construction Loans		Residential Mortgage Loans Non-Owner  Occupied		Multi-Family Real Estate Loans		Commercial Loans		Total
Rating
Satisfactory (5-8)	$	69,468	$	16,422	$	12,312	$	10,252	$	5,957	$	1,166	$	5,807	$	121,384
Special mention (1)		-		-		-		-		-		-		-		-
Substandard (2)		424		195		111		-		490		-		166		1,386
Doubtful (3)		-		-		-		-		-		-		-		-
Loss (4)		-		-		-		-		-		-		-		-
Total	$	69,892	$	16,617	$	12,423	$	10,252	$	6,447	$	1,166	$	5,973	$	122,770

December 31, 2018	Residential Mortgage Loans		Commercial Real Estate and Land Loans		Home Equity and Other Consumer		Residential Construction Loans		Residential Mortgage Loans Non-Owner Occupied		Multi-Family Real Estate Loans		Commercial Loans		Total
Rating
Satisfactory (5-8)	$	66,074	$	17,390	$	13,552	$	11,756	$	6,442	$	1,185	$	5,868	$	122,267
Special mention (1)		-		-		-		-		-		-		-		-
Substandard (2)		1,095		197		221		-		22		-		173		1,708
Doubtful (3)		-		-		-		-		-		-		-		-
Loss (4)		-		-		-		-		-		-		-		-
Total	$	67,169	$	17,587	$	13,773	$	11,756	$	6,464	$	1,185	$	6,041	$	123,975

The Company evaluates the loan risk grading system definitions and allowance for loan losses methodology on an ongoing basis. No significant changes were made to either during the three months ended March 31, 2019.

The following tables present the Bank’s loan portfolio aging analysis of the recorded investment in loans as of March 31, 2019 and December 31, 2018:

March 31, 2019 (Unaudited)	30-59 Days Past Due		60-89 Days Past Due		90 Days  Past Due or More		Total Past Due		Current		Total Loans Receivable		Recorded Investment 90 Days and Accruing
Residential mortgage loans	$	-	$	-	$	355	$	355	$	69,537	$	69,892	$	-
Commercial real estate and land loans		-		-		-		-		16,617		16,617		-
Home equity and other consumer		-		18		-		18		12,405		12,423		-
Residential construction loans		-		-		-		-		10,252		10,252		-
Residential mortgage loans, non-owner occupied		-		-		-		-		6,447		6,447		-
Multi-family real estate loans		-		-		-		-		1,166		1,166		-
Commercial loans		-		-		-		-		5,973		5,973		-
Total	$	-	$	18	$	355	$	373	$	122,397	$	122,770	$	-

December 31, 2018	30-59 Days Past Due		60-89 Days Past Due		90 Days  Past Due or More		Total Past  Due		Current		Total Loans Receivable		Recorded Investment 90 Days and Accruing
Residential mortgage loans	$	86	$	-	$	362	$	448	$	66,721	$	67,169	$	-
Commercial real estate and land loans		-		-		-		-		17,587		17,587		-
Home equity and other consumer		37		18		71		126		13,647		13,773		-
Residential construction loans		-		-		-		-		11,756		11,756		-
Residential mortgage loans, non-owner occupied		493		-		-		493		5,971		6,464		-
Multi-family real estate loans		-		-		-		-		1,185		1,185		-
Commercial loans		125		-		-		125		5,916		6,041		-
Total	$	741	$	18	$	433	$	1,192	$	122,783	$	123,975	$	-

A loan is considered impaired, in accordance with the impairment accounting guidance (ASC 310-10-35-16), when based on current information and events, it is probable the Bank will be unable to collect all amounts due from the borrower in accordance with the contractual terms of the loan.

The following tables present impaired loans at March 31, 2019, March 31, 2018 and as of December 31, 2018:

	March 31, 2019 (Unaudited)
							Average
			Unpaid				Investment		Interest
	Recorded		Principal		Allocated		in Impaired		Income
	Balance		Balance		Allowance		Loans		Recognized
Loans without an allocated allowance:
Residential mortgage loans	$	-		-	$	-	$	-	$	-
Commercial real estate and land loans		-		-		-		-		-
Home equity and other consumer		42		42		-		42		1
Residential construction loans		-		-		-		-		-
Residential mortgage loans, non-owner occupied		187		187		-		188		4
Multi-family real estate loans		-		-		-		-		-
Commercial loans		-		-		-		-		-
Loans with an allocated allowance:
Residential mortgage loans		74		74		3		74		1
Commercial real estate and land loans		-		-		-		-		-
Home equity and other consumer		-		-		-		-		-
Residential construction loans		-		-		-		-		-
Residential mortgage loans, non-owner occupied		-		-		-		-		-
Multi-family real estate loans		-		-		-		-		-
Commercial loans		-		-		-		-		-
Total	$	303	$	303	$	3	$	304	$	6

							Three Months Ended
	As of December 31, 2018						March 31, 2018 (Unaudited)
							Average
			Unpaid				Investment		Interest
	Recorded		Principal		Allocated		in Impaired		Income
	Balance		Balance		Allowance		Loans		Recognized
Loans without an allocated allowance:
Residential mortgage loans	$	-	$	-	$	-		-		-
Commercial real estate and land loans		-		-		-		-		-
Home equity and other consumer		43		43		-		-		-
Residential construction loans		-		-		-		-		-
Residential mortgage loans, non-owner occupied		190		190		-		195		3
Multi-family real estate loans		-		-		-		-		-
Commercial loans		-		-		-		-		-
Loans with an allocated allowance:
Residential mortgage loans		74		74		3		141		1
Commercial real estate and land loans		-		-		-		158		-
Home equity and other consumer		-		-		-		-		-
Residential construction loans		-		-		-		-		-
Residential mortgage loans, non-owner occupied		-		-		-		-		-
Multi-family real estate loans		-		-		-		-		-
Commercial loans		-		-		-		300		4
Total	$	307	$	307	$	3	$	794	$	8

Interest income recognized is not materially different than interest income that would have been recognized on a cash basis.

The following table presents the Bank’s nonaccrual loans at March 31, 2019 and December 31, 2018. This table excludes performing troubled debt restructurings.

	March 31,		December 31,
	2019		2018
Residential mortgage loans	$	355	$	362
Commercial real estate and land loans		-		-
Home equity and other consumer		-		71
Residential construction loans		-		-
Residential mortgage loans, non-owner occupied		-		-
Multi-family real estate loans		-		-
Commercial loans		-		-
Total	$	355	$	433

During the three months ended March 31, 2019 and the year ended December 31, 2018, there were no loans modified as troubled debt restructurings.

Following is a summary of troubled debt restructurings at March 31, 2019 and December 31, 2018:

	Number of Contracts		Recorded Investment
At March 31, 2019:
Residential mortgage loans		1	$	74
Commercial real estate and land loans		-		-
Home equity and other consumer		2		42
Residential construction loans		-		-
Residential mortgage loans, non-owner occupied		4		187
Multi-family real estate loans		-		-
Commercial loans		-		-
		7	$	303

	Number of Contracts		Recorded Investment
At December 31, 2018:
Residential mortgage loans		1	$	74
Commercial real estate and land loans		-		-
Home equity and other consumer		2		43
Residential construction loans		-		-
Residential mortgage loans, non-owner occupied		4		190
Multi-family real estate loans		-		-
Commercial loans		-		-
		7	$	307

As of March 31, 2019, the Bank had total troubled debt restructurings of $303.  There were five residential mortgage loans and residential non-owner occupied loans totaling $261 in troubled debt restructurings with the largest totaling $187.  The remaining $42 in troubled debt restructurings consisted of two home equity loans.  As of December 31, 2018, the Bank had total troubled debt restructurings of $307.  There were five residential mortgage loans and residential non-owner occupied loans totaling $264 in troubled debt restructurings with the largest totaling $190.  The remaining $43 in troubled debt restructurings consisted of two home equity loans. These loans were modified due to short term concessions. Eagle Savings Bank has no commitments to lend additional funds to these debtors owing receivables whose terms have been modified in troubled debt restructurings.

There were no foreclosed real estate properties at March 31, 2019. There were two foreclosed real estate properties totaling $217 at December 31, 2018. They consisted of one commercial real estate property totaling $127 and one residential mortgage property totaling $90.

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Employee Stock Ownership Plan ("ESOP")

3 Months Ended

Mar. 31, 2019

Employee Stock Ownership Plan [Abstract]

Employee Stock Ownership Plan ("ESOP")

Note 4: Employee Stock Ownership Plan (“ESOP”)

In connection with the conversion to an entity owned by stockholders, the Company established an Employee Stock Ownership Plan (“ESOP”) for the exclusive benefit of eligible employees. The ESOP borrowed funds from the Company in an amount sufficient to purchase 129,024 shares (approximately 8.0% of the common stock issued in connection with the conversion). The loan is secured by the shares purchased and will be repaid by the ESOP with funds from contributions made by the Company and dividends received by the ESOP. Contributions will be applied to repay interest on the loan first, and then the remainder will be applied to principal. The loan is expected to be repaid over a period of up to 20 years. Shares purchased with the loan proceeds are held in a suspense account for allocation among participants as the loan is repaid. Contributions to the ESOP and shares released from the suspense account are allocated among participants in proportion to their compensation, relative to total compensation of all active participants. Participants will vest in their accrued benefits under the ESOP at the rate of 20 percent per year after two years of service. Vesting is accelerated upon retirement, death or disability of the participant, or a change in control of the Company. Forfeitures will be reallocated to remaining participants. Benefits may be payable upon retirement, death, disability, separation of service, or termination of the ESOP.

The debt of the ESOP is eliminated in consolidation. Contributions to the ESOP shall be sufficient to pay principal and interest currently due under the loan agreement. As shares are committed to be released from collateral, the Company reports the compensation expense equal to the average market price of the shares for the respective period, and the shares become outstanding for earnings per share computations. Dividends on unallocated ESOP shares, if any, are recorded as a reduction of debt and accrued interest. ESOP compensation was $25 and $26 for the three months ended March 31, 2019 and 2018.

A summary of the ESOP shares as of March 31, 2019 and December 31, 2018 are as follows:

	March 31, 2019		December 31, 2018
Shares allocated to participants		1,613		6,451
Shares released to participants		12,902		6,451
Unreleased shares		114,509		116,122
Total		129,024		129,024
Fair Value of Unreleased Shares	$	1,826,419	$	1,761,571

In the event the ESOP is unable to satisfy the obligation to repurchase the shares held by each beneficiary upon the beneficiary’s termination or retirement, the Company is obligated to repurchase the shares. In addition, there are no outstanding shares held by former employees that are subject to an ESOP related repurchase option.

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Equity Incentive Plan

3 Months Ended

Mar. 31, 2019

Disclosure of Compensation Related Costs, Share-based Payments [Abstract]

Equity Incentive Plan

Note 5: Equity Incentive Plan

In September 2018, the Company’s stockholders approved the Eagle Financial Bancorp, Inc. 2018 Equity Incentive Plan (the “2018 Plan”). The 2018 Plan authorizes the issuance or delivery to participants of up to 225,792 shares of the Company’s common stock pursuant to the grants of restricted stock awards, incentive stock options, and non-qualified stock options. Of this number, the maximum number of shares of Company common stock that may be issued under the 2018 Plan pursuant to the exercise of stock options is 161,280 shares and the maximum number of shares of Company common stock that may be issued as restricted stock awards is 64,512 shares. Stock options awarded to employees may be incentive stock options or non-qualified stock options. Shares awarded under the 2018 Plan may be authorized but unissued shares or treasury shares. The 2018 Plan contains annual and lifetime limits on certain types of awards to individual participants.

Awards may vest or become exercisable only upon the achievement of performance measures or based solely on the passage of time after award. Stock options and restricted stock awards provide for accelerated vesting if there is a change in control (as defined in the 2018 Plan).

In September 2018, the Company granted stock options for 32,255 shares to members of the Board of Directors. Awards under the Plan were granted with a vesting rate not exceeding twenty percent (20%) per year for five years. Options granted in September 2018 have an exercise price $15.89, as determined on the grant date and expire ten years from the grant date.

The fair value was calculated using the Black-Scholes model for stock options granted in September 2018 using the following assumptions: expected volatility of 24.56%, a risk free interest rate of 3.01%, and an expected term of 7.5 years. The Company utilized the simplified method to determine the expected term because it does not have sufficient historical exercise data to provide a reasonable basis upon which to estimate the expected term.

The weighted average grant-date fair value of options granted in September 2018 was $5.57 per share.

In October 2018, the Company granted stock options for 69,356 shares to Executive Officers of the Company. Awards under the Plan were granted with a vesting rate not exceeding twenty percent (20%) per year for five years. Options granted in October 2018 have an exercise price $15.75, as determined on the grant date and expire ten years from the grant date.

The fair value was calculated using the Black-Scholes model for stock options granted in September 2018 using the following assumptions: expected volatility of 24.63%, a risk free interest rate of 3.14%, and an expected term of 7.5 years. The Company utilized the simplified method to determine the expected term because it does not have sufficient historical exercise data to provide a reasonable basis upon which to estimate the expected term.

The weighted average grant-date fair value of options granted in October 2018 was $5.59 per share.

At March 31, 2019, no stock options were exercisable.

In September 2018, the Company awarded 12,900 restricted shares to members of the Board of Directors. The restricted stock awards have a five year vesting period. During the restricted period, the holder is entitled to full voting rights and dividends, thus are considered participating securities.

In October 2018, the Company awarded 29,050 restricted shares to Executive Officers and other employees of the Company. The restricted stock awards have a five year vesting period. During the restricted period, the holder is entitled to full voting rights and dividends, thus are considered participating securities.

Total compensation cost recognized in the income statement for share-based payment arrangements at March 31, 2019 and 2018 was $61 and $0.

As of March 31, 2019, there was approximately $1,101 of total unrecognized compensation cost related to unvested share-based compensation arrangements granted under the Plan. That cost is expected to be recognized over a remaining weighted-average period of 4.4 years.

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Regulatory Matters

3 Months Ended

Mar. 31, 2019

Banking and Thrift [Abstract]

Regulatory Matters

Note 6: Regulatory Matters

The Bank is subject to various regulatory capital requirements administered by the federal banking agencies. Failure to meet minimum capital requirements can initiate certain mandatory and possibly additional discretionary actions by regulators that, if undertaken, could have a direct material effect on the Bank’s financial statements. Under capital adequacy guidelines and the regulatory framework for prompt corrective action, the Bank must meet specific capital guidelines that involve quantitative measures of the Bank’s assets, liabilities and certain off-balance-sheet items as calculated under United States Generally Accepted Accounting Principles, regulatory reporting requirements and regulatory capital standards. The Bank’s capital amounts and classification are also subject to qualitative judgments by the regulators about components, risk weightings and other factors. Furthermore, the Bank’s regulators could require adjustments to regulatory capital not reflected in these financial statements.

Quantitative measures established by regulatory reporting standards, to ensure capital adequacy require the Bank to maintain minimum amounts and ratios (set forth in the table below) of Total capital (as defined), Tier I capital (as defined) and common equity Tier 1capital (as defined) to risk-weighted assets (as defined) and Tier I capital (as defined) to average assets (as defined). Management believes, as of March 31, 2019 and December 31, 2018 that the Bank meets all capital adequacy requirements to which it is subject.

As of March 31, 2019 and December 31, 2018 the most recent notification from the Bank’s regulators categorized the Bank as well capitalized under the regulatory framework for prompt corrective action. To be categorized as well capitalized, the Bank must maintain minimum total risk-based capital, Tier I risk-based capital, common equity Tier 1 risk-based capital and Tier I leverage ratios as set forth in the table. There are no conditions or events since that notification that management believes have changed the Bank’s category.

Beginning in January 2016, the capital conservation buffer requirement of 0.625% of risk-weighted assets was phased-in and was increased each year. At January 1, 2019 the capital conservation buffer is fully implemented at 2.5%.

An institution will be subject to further limitations on paying dividends, engaging in share repurchases, and paying discretionary bonuses if its’ capital level fall below the buffer amount. These limitations will establish a maximum percentage of eligible retained income that could be utilized for such actions.

The Bank’s actual capital amounts and ratios are presented in the following tables (minimum capital requirements exclude the capital conservation buffer):

As of March 31, 2019:	Actual					Minimum Capital Requirement					Minimum to Be Well Capitalized Under Prompt Corrective Action Provisions
	Amount		Ratio			Amount		Ratio			Amount		Ratio
Equity	$	21,042
Allowance for loan losses		1,152
Total risk-based capital
(to risk-weighted assets)	$	22,194		17.2	%	$	10,352		8.0	%	$	12,941		10.0	%
Tier I capital
(to risk-weighted  assets)		21,042		16.3	%		7,764		6.0	%		10,352		8.0	%
Common equity Tier I capital
(to risk-weighted  assets)		21,042		16.3	%		5,823		4.5	%		8,411		6.5	%
Tier I capital
(to adjusted total  assets)		21,042		15.4	%		5,453		4.0	%		6,817		5.0	%

As of December 31, 2018:	Actual					Minimum Capital Requirement					Minimum to Be Well Capitalized Under Prompt Corrective Action Provisions
	Amount		Ratio			Amount		Ratio			Amount		Ratio
Equity	$	20,849
Allowance for loan losses		1,187
Total risk-based capital (to risk-weighted  assets)	$	22,036		16.9	%	$	10,459		8.0	%	$	13,074		10.0	%
Tier I capital (to risk-weighted assets)		20,849		15.9	%		7,844		6.0	%		10,459		8.0	%
Common equity Tier I capital (to risk-weighted  assets)		20,849		15.9	%		5,883		4.5	%		8,498		6.5	%
Tier I capital (to adjusted total  assets)		20,849		15.2	%		5,495		4.0	%		6,868		5.0	%

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Disclosure About Fair Values of Assets and Liabilities

3 Months Ended

Mar. 31, 2019

Fair Value Disclosures [Abstract]

Disclosure About Fair Values of Assets and Liabilities

Note 7: Disclosure About Fair Values of Assets and Liabilities

ASC Topic 820, Fair Value Measurements, defines fair value as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. Topic 820 also specifies a fair value hierarchy which requires an entity to maximize the use of observable inputs and minimize the use of unobservable inputs when measuring fair value. The standard describes three levels of inputs that may be used to measure fair value:

Level 1	Quoted prices in active markets for identical assets or liabilities
Level 2	Observable inputs other than Level 1 prices, such as quoted prices for similar assets or liabilities; quoted prices in markets that are not active; or other inputs that are observable or can be corroborated by observable market data for substantially the full term of the assets or liabilities
Level 3	Unobservable inputs that are supported by little or no market activity and that are significant to the fair value of the assets or liabilities

Nonrecurring Measurements

The following tables present the fair value measurement of assets measured at fair value on a nonrecurring basis and the level within the fair value hierarchy in which the fair value measurements fall at March 31, 2019 and December 31, 2018:

			Fair Value Measurements Using
March 31, 2019	Fair  Value		Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)
Impaired loans (collateral dependent)	$	71	$	-	$	-	$	71

			Fair Value Measurements Using
December 31, 2018	Fair  Value		Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)
Impaired loans (collateral dependent)	$	71	$	-	$	-	$	71

Fair value adjustments, consisting of charge-offs or allocated allowances, on impaired loans and foreclosed assets held for sale during the three months ended March 31, 2019 and the year ended December 31, 2018 amounted to $0.

Following is a description of the valuation methodologies and inputs used for assets measured at fair value on a nonrecurring basis and recognized in the accompanying balance sheets, as well as the general classification of such assets pursuant to the valuation hierarchy. For assets classified within Level 3 of the fair value hierarchy, the process used to develop the reported fair value is described below.

Collateral-dependent Impaired Loans, Net of ALLL

The estimated fair value of collateral-dependent impaired loans is based on the appraised fair value of the collateral, less estimated cost to sell. Collateral-dependent impaired loans are classified within Level 3 of the fair value hierarchy. The Bank considers the appraisal or evaluation as the starting point for determining fair value and then considers other factors and events in the environment that may affect the fair value. Appraisals of the collateral underlying collateral-dependent loans are obtained when the loan is determined to be collateral-dependent and subsequently as deemed necessary. Appraisals are reviewed for accuracy and consistency by the lending department. Appraisers are selected from the list of approved appraisers maintained by management. The appraised values are reduced by discounts to consider lack of marketability and estimated cost to sell if repayment or satisfaction of the loan is dependent on the sale of the collateral. These discounts and estimates are developed by comparison to historical results.

Unobservable (Level 3) Inputs

The following tables present quantitative information about unobservable inputs used in nonrecurring Level 3 fair value measurements.

	Fair Value at		Valuation
	March 31, 2019		Technique	Unobservable Inputs	Range
Impaired loans (collateral dependent)	$	71	Market comparable properties	Marketability discount	10% - 15%

	Fair Value at		Valuation
	December 31, 2018		Technique	Unobservable Inputs	Range
Impaired loans (collateral dependent)	$	71	Market comparable properties	Marketability discount	10% - 15%

The following methods were used to estimate the fair value of all other financial instruments recognized in the accompanying balance sheet at amounts other than fair value.

Cash and Cash Equivalents and Interest-bearing Time Deposits

The carrying amount approximates fair value.

Loans Held For Sale

The carrying amount approximates fair value due to the insignificant time between origination and date of sale. The carrying amount is the amount funded.

Loans

The estimated fair value of loans as of March 31, 2019 follows the guidance in ASU 2016-01, which prescribes an “exit price” approach in estimating and disclosing fair value of financial instruments. The fair value calculation at that date discounted estimated future cash flows using rates that incorporated discounts for credit, liquidity and marketability factors. The fair value estimate shown as of December 31, 2018 used an “entry price” approach. The fair value calculation for that date discounted estimated future cash flows using the market rates at which similar notes would be made to borrowers with similar credit ratings and for the same remaining maturities. The market rates used are based on current rates the Bank would impose for similar loans and reflect a market participant assumption about risks associated with nonperformance, illiquidity, and the structure and term of the loans along with local economic and market conditions. Consequently, the fair value disclosures for March 31, 2019 and December 31, 2018 are not directly comparable.

FHLB Stock

Fair value is estimated at book value due to restrictions that limit the sale or transfer of such securities.

FHLB Lender Risk Account Receivable

The fair value of the Federal Home Loan Bank lender risk account receivable is estimated by discounting the estimated remaining cash flows of each strata of the receivable at current rates applicable to each strata for the same remaining maturities.

Accrued Interest Receivable and Payable

The carrying amount approximates fair value. The carrying amount is determined using the interest rate, balance and last payment date.

Deposits

Fair value of term deposits is estimated by discounting the future cash flows using rates of similar deposits with similar maturities. The market rates used were obtained from a knowledgeable independent third party and reviewed by the Bank. The rates were the average of current rates offered by local competitors of the Bank.

The estimated fair value of checking, NOW, savings and money market deposits is the book value since rates are regularly adjusted to market rates and amounts are payable on demand at the reporting date.

FHLB Advances

Fair value is estimated by discounting the future cash flows using rates of similar advances with similar maturities. These rates were obtained from current rates offered by FHLB.

Advances from Borrowers for Taxes and Insurance

The carrying amount approximates fair value.

Commitments to Originate Loans, Forward Sale Commitments, Letters of Credit and Lines of Credit

The fair value of commitments to originate loans is estimated using the fees currently charged to enter into similar agreements, taking into account the remaining terms of the agreements and the present creditworthiness of the counterparties. For fixed-rate loan commitments, fair value also considers the difference between current levels of interest rates and the committed rates. The fair value of commitments to sell securities is estimated based on current market prices for securities of similar terms and credit quality. The fair values of letters of credit and lines of credit are based on fees currently charged for similar agreements or on the estimated cost to terminate or otherwise settle the obligations with the counterparties at the reporting date. At March 31, 2019 and December 31, 2018, the fair value of such commitments was not material.

The following tables present estimated fair values of the Bank’s financial instruments at March 31, 2019 and December 31, 2018.

					Fair Value Measurements Using
March 31, 2019	Carrying Amount		Fair  Value		(Level 1)		(Level 2)		(Level 3)
Financial Assets
Cash and cash equivalents	$	7,081	$	7,081	$	7,081	$	-	$	-
Interest-bearing time deposits		2,739		2,739		2,739		-		-
Loans held for sale		3,000		3,000		-		-		3,000
Loans, net of allowance for losses		112,783		111,779		-		-		111,779
FHLB stock		754		754		-		754		-
FHLB lender risk account receivable		3,373		3,361		-		-		3,361
Accrued Interest receivable		364		364		-		364		-
Financial Liabilities
Deposits		105,966		105,641		57,782		47,859		-
FHLB advances		-		-		-		-		-
Advances from borrowers for taxes and insurance		624		624		-		624		-
Accrued Interest payable		2		2		-		2		-

					Fair Value Measurements Using
December 31, 2018	Carrying Amount		Fair  Value		(Level 1)		(Level 2)		(Level 3)
Financial Assets
Cash and cash equivalents	$	7,434	$	7,434	$	7,434	$	-	$	-
Interest-bearing time deposits		3,486		3,486		3,486		-		-
Loans held for sale		1,827		1,827		-		-		1,827
Loans, net of allowance for losses		113,317		114,248		-		-		114,248
FHLB stock		754		754		-		754		-
FHLB lender risk account receivable		3,377		3,294		-		-		3,294
Accrued Interest receivable		354		354		-		354		-
Financial Liabilities
Deposits		106,369		105,829		59,872		45,957		-
FHLB advances		-		-		-		-		-
Advances from borrowers for taxes and insurance		950		950		-		950		-
Accrued Interest payable		1		1		-		1		-

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Commitments and Credit Risk

3 Months Ended

Mar. 31, 2019

Commitments and Contingencies Disclosure [Abstract]

Commitments and Credit Risk

Note 8: Commitments and Credit Risk

Commitments to Originate Loans

Commitments to originate loans are agreements to lend to a customer as long as there is no violation of any condition established in the contract. Commitments generally have fixed expiration dates or other termination clauses and may require payment of a fee. Since a portion of the commitments may expire without being drawn upon, the total commitment amounts do not necessarily represent future cash requirements. Each customer’s creditworthiness is evaluated on a case-by-case basis. The amount of collateral obtained, if deemed necessary, is based on management’s credit evaluation of the counterparty. Collateral held varies, but may include accounts receivable, inventory, property, plant and equipment, commercial real estate and residential real estate.

At March 31, 2019, the Bank had a home equity loan approved but not yet originated with an adjustable interest rate of 5.50% for $26. At December 31, 2018, the Bank had no loans approved but not yet originated. At March 31, 2019, the Bank had undisbursed loans in process of $8,851 with interest rate ranges of 3.875% - 5.250%. At December 31, 2018 the Company had undisbursed loans in process of $9,485 with interest rate ranges of 3.125% - 5.730%.

Lines of Credit

Lines of credit are agreements to lend to a customer as long as there is no violation of any condition established in the contract. Lines of credit generally have fixed expiration dates. Since a portion of the line may expire without being drawn upon, the total unused lines do not necessarily represent future cash requirements. Each customer’s creditworthiness is evaluated on a case-by-case basis. The amount of collateral obtained, if deemed necessary, is based on management’s credit evaluation of the counterparty. Collateral held varies but may include accounts receivable, inventory, property, plant and equipment, commercial real estate and residential real estate. Management uses the same credit policies in granting lines of credit as it does for on-balance-sheet instruments.

Lines and letters of credit at March 31, 2019 were as follows:

Unused lines of credit	$	3,809
Standby letters of credit		-
Unused home equity lines		12,090
Total commitments	$	15,899

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Recent Accounting Pronouncements

3 Months Ended

Mar. 31, 2019

New Accounting Pronouncements and Changes in Accounting Principles [Abstract]

Recent Accounting Pronouncements

Note 9: Recent Accounting Pronouncements

Eagle Financial Bancorp, Inc. is an “emerging growth company. As an “emerging growth company”, we have elected to use the extended transition period to delay adoption of new or revised accounting pronouncements applicable to public companies until such pronouncements are made applicable to private companies. Accordingly, our financial statements may not be comparable to the financial statements of public companies that comply with such new or revised accounting standards.

In February 2016, the FASB issued ASU No. 2016-02 "Leases (Topic 842)." ASU 2016-02 establishes a right of use model that requires a lessee to record a right of use asset and a lease liability for all leases with terms longer than 12 months. Leases will be classified as either finance or operating, with classification affecting the pattern of expense recognition in the income statement. For lessors, the guidance modifies the classification criteria and the accounting for sales-type and direct financing leases. A lease will be treated as sale if it transfers all of the risks and rewards, as well as control of the underlying asset, to the lessee. If risks and rewards are conveyed without the transfer of control, the lease is treated as a financing. If the lessor doesn't convey risks and rewards or control, an operating lease results. Public business entities should apply the amendments in ASU 2016-02 for fiscal years beginning after December 15, 2018, including interim periods within those fiscal years. Nonpublic business entities should apply the amendments for fiscal years beginning after December 15, 2019 and interim periods within fiscal years beginning after December 15, 2020. Entities are required to use a modified retrospective approach for leases that exist or are entered into after the beginning of the earliest comparative period in the financial statements, with certain practical expedients available. The impact is not expected to have a material effect on the Company’s financial position or results of operations since the Company does not have a material amount of lease agreements. The Company is continuing to evaluate the amendments and will subsequently implement new processes to comply with the ASU. In addition, the Company will change its current accounting practice to comply with the amendments and such changes as mentioned above.

In June 2016, the FASB issued ASU No. 2016-13, "Financial Instruments-Credit Losses (Topic 326) -Measurement of Credit Losses on Financial Instruments." The provisions of ASU 2016-13 were issued to provide financial statement users with more decision-useful information about the expected credit losses on financial instruments that are not accounted for at fair value through net income, including loans held for investment, held-to-maturity debt securities, trade and other receivables, net investment in leases and other commitments to extend credit held by a reporting entity at each reporting date. ASU 2016-13 requires that financial assets measured at amortized cost be presented at the net amount expected to be collected, through an allowance for credit losses that is deducted from the amortized cost basis. The amendments in ASU 2016-13 eliminate the probable incurred loss recognition in current GAAP and reflect an entity's current estimate of all expected credit losses. The measurement of expected credit losses is based upon historical experience, current conditions, and reasonable and supportable forecasts that affect the collectibility of the financial assets. For public business entities that are U.S. Securities and Exchange Commission (SEC) filers, the amendments are effective for fiscal years beginning after December 15, 2019, including interim periods within those fiscal years. For all other public business entities, the amendments are effective for fiscal years beginning after December 15, 2020, including interim periods within those fiscal years. For all other entities, the amendments are effective for fiscal years beginning after December 15, 2020, and interim periods within fiscal years beginning after December 15, 2021. Early adoption is permitted for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2018. The Company continues to evaluate the impact of these amendments to the Company’s financial position and results of operations and currently does not know or cannot reasonably quantify the impact of the adoption of the amendments as a result of the complexity and extensive changes from the amendments. The Allowance for Loan Losses (ALL) estimate is material to the Company and given the change from an incurred loss model to a methodology that considers the credit loss over the life of the loan, there is the potential for an increase in the ALL at the adoption date. The Company is anticipating a significant change in processes and procedures to calculate the ALL, including changes in assumptions and estimates to consider the expected credit losses over the life of the loan versus the current accounting practice that utilizes the incurred loss model. In addition, the current accounting policy and procedures for the other-than temporary impairment on available-for-sale securities will be replaced with an allowance approach. The Company has continued developing processes during the first quarter of 2019. Management continues to focus its attention on collecting historical loan loss data, loan level data, and evaluating data capabilities to ensure it is fully compliant with the amendments at adoption date. For additional information on the allowance for loan losses, see Note 3.

In August 2016, the FASB issued ASU No. 2016-15 "Statement of Cash Flows (Topic 230) - Classification of Certain Cash Receipts and Cash Payments." ASU 2016-15 provides cash flow statement classification guidance for certain transactions including how the predominance principle should be applied when cash receipts and cash payments have aspects of more than one class of cash flows. The amendments are effective for public business entities for fiscal years beginning after December 15, 2017, and interim periods within those fiscal years. For all other entities, the amendments are effective for fiscal years beginning after December 15, 2018, and interim periods within fiscal years beginning after December 15, 2019. Early adoption is permitted, including adoption in an interim period. The Company has assessed ASU 2016-15 and does not expect a significant impact on its accounting and disclosures.

In November 2016, the FASB issued ASU No. 2016-18 "Statement of Cash Flows (Topic 230) – Restricted Cash." ASU 2016-18 provides amendments to cash flow statement classification and presentation to explain the change during the period in the total of cash, cash equivalents, and amounts generally described as restricted cash or restricted cash equivalents. The amendments are effective for public business entities for fiscal years beginning after December 15, 2017, and interim periods within those fiscal years. For all other entities, the amendments are effective for fiscal years beginning after December 15, 2018 and interim periods within fiscal years beginning after December 15, 2019. Early adoption is permitted, including adoption in an interim period. The amendments should be applied using a retrospective transition method to each period presented. The Company has assessed ASU 2016-18 and does not expect a significant impact on its accounting and disclosures.

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Nature of Operations and Summary of Significant Accounting Policies (Policies)

3 Months Ended

Mar. 31, 2019

Accounting Policies [Abstract]

Basis of Presentation and Consolidation

Basis of Presentation and Consolidation

The condensed consolidated financial statements as of March 31, 2019 and December 31, 2018 and for the three months ended March 31, 2019 and 2018, include Eagle Financial Bancorp, Inc. and the Bank, its wholly owned subsidiary. Intercompany transactions and balances have been eliminated in consolidation.

The accompanying condensed balance sheet of the Company as of December 31, 2018, which has been derived from audited financial statements, and unaudited condensed financial statements of the Company as of March 31, 2019 and for the three months ended March 31, 2019 and 2018, were prepared in accordance with instructions for Form 10-Q and Article 8-03 of Regulation S-X and, therefore, do not include information or footnotes necessary for a complete presentation of financial position, results of operations and cash flows in accounting principles generally accepted in the United States of America. Accordingly, these condensed financial statements should be read in conjunction with the financial statements and notes thereto of the Company for the year ended December 31, 2018 included in the Registrant’s Form 10-K (the “Form 10-K”). Reference is made to the accounting policies of the Company described in the Notes to Financial Statements contained in the Form 10-K.

In the opinion of management, all adjustments (consisting only of normal recurring adjustments) which are necessary for a fair presentation of the unaudited condensed financial statements have been included to present fairly the financial position as of March 31, 2019 and the results of operations and cash flows for the three months ended March 31, 2019 and 2018. All interim amounts have not been audited and the results of operations for the three months ended March 31, 2019 and 2018, herein are not necessarily indicative of the results of operations to be expected for the entire year.

Revenue Recognition

Revenue Recognition

Accounting Standards Codification ("ASC") 606, Revenue from Contracts with Customers ("ASC 606"), establishes principles for reporting information about the nature, amount, timing and uncertainty of revenue and cash flows arising from the entity's contracts to provide goods or services to customers. The core principle requires an entity to recognize revenue to depict the transfer of goods or services to customers in an amount that reflects the consideration that it expects to be entitled to receive in exchange for those goods or services recognized as performance obligations are satisfied.

The majority of our revenue-generating transactions are not subject to ASC 606, including revenue generated from financial instruments, such as our loans, as well as revenue related to our mortgage banking activities, as these activities are subject to other GAAP discussed elsewhere within our disclosures.

Descriptions of our revenue-generating activities that are within the scope of ASC 606, which are presented in our income statements as components of non-interest income are as follows:

Service charges on deposit accounts - these represent general service fees for monthly account maintenance and activity- or transaction-based fees and consist of transaction-based revenue, time-based revenue (service period), item-based revenue or some other individual attribute-based revenue. Revenue is recognized when our performance obligation is completed which is generally monthly for account maintenance services or when a transaction has been completed (such as a wire transfer). Payment for such performance obligations are generally received at the time the performance obligations are satisfied.

Use of Estimates

Use of Estimates

The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates.

Material estimates that are particularly susceptible to significant change relate to the determination of the allowance for loan losses, valuation of real estate acquired in connection with foreclosures or in satisfaction of loans, and fair values of financial instruments.

Recently Adopted Accounting Pronouncements

Recently Adopted Accounting Pronouncements

ASU No. 2016-01 was issued in January 2016 and applies to all entities that hold financial assets or owe financial liabilities. ASU 2016-01 is intended to improve the recognition and measurement of financial instruments by requiring equity investments to be measured at fair value with changes in fair value recognized in net income; requiring public entities to use the exit price notion when measuring the fair value of financial instruments for disclosure purposes; requiring separate presentation of financial assets and financial liabilities by measurement category and form of financial asset on the balance sheet or the accompanying notes to the financial statements; eliminating the requirement for public business entities to disclose the method(s) and significant assumptions used to estimate the fair value that is required to be disclosed for financial instruments measured and amortized at cost on the balance sheet; and requiring a reporting organization to present separately in other comprehensive income the portion of the total change in the fair value of a liability resulting from a change in the instruments specific credit risk when the organization has elected to measure the liability at fair value in accordance with the fair value option for financial instruments. ASU 2016-01 is effective for annual periods and interim periods within those periods, beginning after December 15, 2018. The amendments should be applied by means of a cumulative-effect adjustment to the balance sheet as of the beginning of the fiscal year of adoption. The Company has adopted ASU 2016-01 on January 1, 2019 and it did not have a material effect on its fair value disclosures and other disclosure requirements. These amendments did have an impact on certain items that were disclosed at fair value that did not utilize the exit price notion when measuring fair value. For additional information on fair value of assets and liabilities, see Note 7.

In May 2014, the FASB issued ASU No. 2014-09 “Revenue from Contracts with Customers (Topic 606)” (ASU 2014-09). This update to the ASC is the culmination of efforts by the FASB and the International Accounting Standards Board (IASB) to develop a common revenue standard for U.S. GAAP and International Financial Reporting Standards (IFRS). ASU 2014-09 supersedes Topic 605 – Revenue Recognition and most industry-specific guidance. The core principle of the guidance is that an entity should recognize revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. The guidance in ASU 2014-09 describes a 5-step process entities can apply to achieve the core principle of revenue recognition and requires disclosures sufficient to enable users of financial statements to understand the nature, amount, timing, and uncertainty of revenue and cash flows arising from contracts with customers and the significant judgments used in determining that information. Originally, the amendments in ASU 2014-09 were effective for annual reporting periods beginning after December 15, 2016, including interim periods within that reporting period and early application is not allowed. In July 2015, the FASB extended the implementation date to annual reporting periods beginning after December 15, 2017 including interim periods within that reporting period. Transitional guidance is included in the update. Earlier adoption is permitted only as of annual reporting periods beginning after December 31, 2016, including interim periods within that reporting period. The Company’s revenue is comprised of net interest income, which is explicitly excluded from the scope of ASU 2014-09, and non- interest income. The Company has adopted ASU 2014-09 on January 1, 2019 and it did not identify any changes in the timing of revenue recognition when considering the amended accounting guidance. The Company included additional disclosures beginning in the first quarter of 2019 as required by the guidance.

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Earnings Per Common Share (Tables)

3 Months Ended

Mar. 31, 2019

Earnings Per Share [Abstract]

Schedule of earnings per common share

	Three Months Ended		Three Months Ended
	March 31, 2019		March 31, 2018
Net income	$	81	$	128
Less allocation of earnings to participating securities		-		-
Net income allocated to common shareholders	$	81	$	128
Shares Outstanding for basic earnings per common share:
Weighted Average shares outstanding:		1,605,330		1,612,808
Less: Average Unearned ESOP shares:		115,047		121,498
Weighted average number of shares outstanding used in the calculation of basic earnings per common share		1,490,283		1,491,310
Basic earnings per common share:	$	0.05	$	0.09
Effect of dilutive securities:
Stock Options		-		-
Weighted average number of shares outstanding used in the calculation of dilutive earnings per common share		1,490,283		1,491,310
Diluted earnings per common share:	$	0.05	$	0.09

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Loans and Allowance for Loan Losses (Tables)

3 Months Ended

Mar. 31, 2019

Receivables [Abstract]

Schedule of composition of the loan portfolio

	March 31,			December 31,
	2019			2018
Residential mortgage loans	$	69,892		$	67,169
Commercial real estate and land loans		16,617			17,587
Home equity and other consumer		12,423			13,773
Residential construction loans		10,252			11,756
Residential mortgage loans, non-owner occupied		6,447			6,464
Multi-family real estate loans		1,166			1,185
Commercial loans		5,973			6,041
		122,770			123,975
Net deferred loan costs		16			14
Loans in process		(8,851	)		(9,485	)
Allowance for loan losses		(1,152	)		(1,187	)
Net loans	$	112,783		$	113,317

Schedule of allowance for loan losses

Three Months Ended March 31, 2019 (Unaudited)	Residential Mortgage Loans		Commercial Real Estate and Land Loans			Home Equity and Other Consumer			Residential Construction Loans			Residential Mortgage Loans Non- Owner Occupied			Multi- Family Real Estate Loans		Commercial Loans			Total
Allowance for loan losses:
Balance, beginning of year	$	409	$	260		$	313		$	128		$	42		$	14	$	21		$	1,187
Provision charged to expense		11		(14	)		21			(16	)		(1	)		-		(1	)		-
Losses charged off		-		-			(39	)		-			-			-		-			(39	)
Recoveries		4		-			-			-			-			-		-			4
Balance, end of year	$	424	$	246		$	295		$	112		$	41		$	14	$	20		$	1,152
Ending balance:  individually evaluated for impairment	$	3	$	-		$	-		$	-		$	-		$	-	$	-		$	3
Ending balance:  collectively evaluated for impairment	$	421	$	246		$	295		$	112		$	41		$	14	$	20		$	1,149
Loans:
Ending balance	$	69,892	$	16,617		$	12,423		$	10,252		$	6,447		$	1,166	$	5,973		$	122,770
Ending balance:  individually evaluated for impairment	$	74	$	-		$	42		$	-		$	187		$	-	$	-		$	303
Ending balance:  collectively evaluated for impairment	$	69,818	$	16,617		$	12,381		$	10,252		$	6,260		$	1,166	$	5,973		$	122,467

Three Months Ended March 31, 2018 (Unaudited)	Residential Mortgage Loans		Commercial Real Estate and Land Loans		Home Equity and Other Consumer		Residential Construction Loans		Residential Mortgage Loans Non- Owner Occupied			Multi- Family Real Estate Loans		Commercial Loans		Total
Allowance for loan losses:
Balance, beginning of year	$	283	$	199	$	276	$	116	$	122		$	25	$	160	$	1,181
Provision charged to expense		1		10		17		7		(35	)		-		-		-
Losses charged off		-		-		-		-		-			-		-		-
Recoveries		4		-		-		-		-			-		-		4
Balance, end of period	$	288	$	209	$	293	$	123	$	87		$	25	$	160	$	1,185

Year Ended December 31, 2018	Residential Mortgage Loans			Commercial Real Estate and Land Loans			Home Equity and Other Consumer			Residential Construction Loans		Residential Mortgage Loans Non- Owner Occupied			Multi- Family Real Estate Loans			Commercial Loans			Total
Allowance for loan losses:
Balance, beginning of year	$	283		$	199		$	276		$	116	$	122		$	25		$	160		$	1,181
Provision charged to expense		146			129			44			12		(82	)		(11	)		(139	)		99
Losses charged off		(35	)		(68	)		(7	)		-		-			-			-			(110	)
Recoveries		15			-			-			-		2			-			-			17
Balance, end of year	$	409		$	260		$	313		$	128	$	42		$	14		$	21		$	1,187
Ending balance:  individually evaluated for impairment	$	3		$	-		$	-		$	-	$	-		$	-		$	-		$	3
Ending balance:  collectively evaluated for impairment	$	406		$	260		$	313		$	128	$	42		$	14		$	21		$	1,184
Loans:
Ending balance	$	67,169		$	17,587		$	13,773		$	11,756	$	6,464		$	1,185		$	6,041		$	123,975
Ending balance:  individually evaluated for impairment	$	74		$	-		$	43		$	-	$	190		$	-		$	-		$	307
Ending balance:  collectively evaluated for impairment	$	67,095		$	17,587		$	13,730		$	11,756	$	6,274		$	1,185		$	6,041		$	123,668

Schedule of credit risk profile of loan portfolio based on rating category and payment activity

March 31, 2019 (Unaudited)	Residential Mortgage Loans		Commercial Real Estate and Land Loans		Home Equity and Other Consumer		Residential Construction Loans		Residential Mortgage Loans Non-Owner  Occupied		Multi-Family Real Estate Loans		Commercial Loans		Total
Rating
Satisfactory (5-8)	$	69,468	$	16,422	$	12,312	$	10,252	$	5,957	$	1,166	$	5,807	$	121,384
Special mention (1)		-		-		-		-		-		-		-		-
Substandard (2)		424		195		111		-		490		-		166		1,386
Doubtful (3)		-		-		-		-		-		-		-		-
Loss (4)		-		-		-		-		-		-		-		-
Total	$	69,892	$	16,617	$	12,423	$	10,252	$	6,447	$	1,166	$	5,973	$	122,770

December 31, 2018	Residential Mortgage Loans		Commercial Real Estate and Land Loans		Home Equity and Other Consumer		Residential Construction Loans		Residential Mortgage Loans Non-Owner Occupied		Multi-Family Real Estate Loans		Commercial Loans		Total
Rating
Satisfactory (5-8)	$	66,074	$	17,390	$	13,552	$	11,756	$	6,442	$	1,185	$	5,868	$	122,267
Special mention (1)		-		-		-		-		-		-		-		-
Substandard (2)		1,095		197		221		-		22		-		173		1,708
Doubtful (3)		-		-		-		-		-		-		-		-
Loss (4)		-		-		-		-		-		-		-		-
Total	$	67,169	$	17,587	$	13,773	$	11,756	$	6,464	$	1,185	$	6,041	$	123,975

Schedule of loan portfolio aging analysis of the recorded investment in loans

March 31, 2019 (Unaudited)	30-59 Days Past Due		60-89 Days Past Due		90 Days  Past Due or More		Total Past Due		Current		Total Loans Receivable		Recorded Investment 90 Days and Accruing
Residential mortgage loans	$	-	$	-	$	355	$	355	$	69,537	$	69,892	$	-
Commercial real estate and land loans		-		-		-		-		16,617		16,617		-
Home equity and other consumer		-		18		-		18		12,405		12,423		-
Residential construction loans		-		-		-		-		10,252		10,252		-
Residential mortgage loans, non-owner occupied		-		-		-		-		6,447		6,447		-
Multi-family real estate loans		-		-		-		-		1,166		1,166		-
Commercial loans		-		-		-		-		5,973		5,973		-
Total	$	-	$	18	$	355	$	373	$	122,397	$	122,770	$	-

December 31, 2018	30-59 Days Past Due		60-89 Days Past Due		90 Days  Past Due or More		Total Past  Due		Current		Total Loans Receivable		Recorded Investment 90 Days and Accruing
Residential mortgage loans	$	86	$	-	$	362	$	448	$	66,721	$	67,169	$	-
Commercial real estate and land loans		-		-		-		-		17,587		17,587		-
Home equity and other consumer		37		18		71		126		13,647		13,773		-
Residential construction loans		-		-		-		-		11,756		11,756		-
Residential mortgage loans, non-owner occupied		493		-		-		493		5,971		6,464		-
Multi-family real estate loans		-		-		-		-		1,185		1,185		-
Commercial loans		125		-		-		125		5,916		6,041		-
Total	$	741	$	18	$	433	$	1,192	$	122,783	$	123,975	$	-

Schedule of impaired loans

	March 31, 2019 (Unaudited)
							Average
			Unpaid				Investment		Interest
	Recorded		Principal		Allocated		in Impaired		Income
	Balance		Balance		Allowance		Loans		Recognized
Loans without an allocated allowance:
Residential mortgage loans	$	-		-	$	-	$	-	$	-
Commercial real estate and land loans		-		-		-		-		-
Home equity and other consumer		42		42		-		42		1
Residential construction loans		-		-		-		-		-
Residential mortgage loans, non-owner occupied		187		187		-		188		4
Multi-family real estate loans		-		-		-		-		-
Commercial loans		-		-		-		-		-
Loans with an allocated allowance:
Residential mortgage loans		74		74		3		74		1
Commercial real estate and land loans		-		-		-		-		-
Home equity and other consumer		-		-		-		-		-
Residential construction loans		-		-		-		-		-
Residential mortgage loans, non-owner occupied		-		-		-		-		-
Multi-family real estate loans		-		-		-		-		-
Commercial loans		-		-		-		-		-
Total	$	303	$	303	$	3	$	304	$	6

							Three Months Ended
	As of December 31, 2018						March 31, 2018 (Unaudited)
							Average
			Unpaid				Investment		Interest
	Recorded		Principal		Allocated		in Impaired		Income
	Balance		Balance		Allowance		Loans		Recognized
Loans without an allocated allowance:
Residential mortgage loans	$	-	$	-	$	-		-		-
Commercial real estate and land loans		-		-		-		-		-
Home equity and other consumer		43		43		-		-		-
Residential construction loans		-		-		-		-		-
Residential mortgage loans, non-owner occupied		190		190		-		195		3
Multi-family real estate loans		-		-		-		-		-
Commercial loans		-		-		-		-		-
Loans with an allocated allowance:
Residential mortgage loans		74		74		3		141		1
Commercial real estate and land loans		-		-		-		158		-
Home equity and other consumer		-		-		-		-		-
Residential construction loans		-		-		-		-		-
Residential mortgage loans, non-owner occupied		-		-		-		-		-
Multi-family real estate loans		-		-		-		-		-
Commercial loans		-		-		-		300		4
Total	$	307	$	307	$	3	$	794	$	8

Schedule of nonaccrual loans

	March 31,		December 31,
	2019		2018
Residential mortgage loans	$	355	$	362
Commercial real estate and land loans		-		-
Home equity and other consumer		-		71
Residential construction loans		-		-
Residential mortgage loans, non-owner occupied		-		-
Multi-family real estate loans		-		-
Commercial loans		-		-
Total	$	355	$	433

Schedule of summary of troubled debt restructurings

	Number of Contracts		Recorded Investment
At March 31, 2019:
Residential mortgage loans		1	$	74
Commercial real estate and land loans		-		-
Home equity and other consumer		2		42
Residential construction loans		-		-
Residential mortgage loans, non-owner occupied		4		187
Multi-family real estate loans		-		-
Commercial loans		-		-
		7	$	303

	Number of Contracts		Recorded Investment
At December 31, 2018:
Residential mortgage loans		1	$	74
Commercial real estate and land loans		-		-
Home equity and other consumer		2		43
Residential construction loans		-		-
Residential mortgage loans, non-owner occupied		4		190
Multi-family real estate loans		-		-
Commercial loans		-		-
		7	$	307

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Employee Stock Ownership Plan ("ESOP") (Tables)

3 Months Ended

Mar. 31, 2019

Employee Stock Ownership Plan [Abstract]

Schedule of ESOP shares

	March 31, 2019		December 31, 2018
Shares allocated to participants		1,613		6,451
Shares released to participants		12,902		6,451
Unreleased shares		114,509		116,122
Total		129,024		129,024
Fair Value of Unreleased Shares	$	1,826,419	$	1,761,571

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Regulatory Matters (Tables)

3 Months Ended

Mar. 31, 2019

Banking and Thrift [Abstract]

Schedule of actual capital amounts and ratios

As of March 31, 2019:	Actual					Minimum Capital Requirement					Minimum to Be Well Capitalized Under Prompt Corrective Action Provisions
	Amount		Ratio			Amount		Ratio			Amount		Ratio
Equity	$	21,042
Allowance for loan losses		1,152
Total risk-based capital
(to risk-weighted assets)	$	22,194		17.2	%	$	10,352		8.0	%	$	12,941		10.0	%
Tier I capital
(to risk-weighted  assets)		21,042		16.3	%		7,764		6.0	%		10,352		8.0	%
Common equity Tier I capital
(to risk-weighted  assets)		21,042		16.3	%		5,823		4.5	%		8,411		6.5	%
Tier I capital
(to adjusted total  assets)		21,042		15.4	%		5,453		4.0	%		6,817		5.0	%

As of December 31, 2018:	Actual					Minimum Capital Requirement					Minimum to Be Well Capitalized Under Prompt Corrective Action Provisions
	Amount		Ratio			Amount		Ratio			Amount		Ratio
Equity	$	20,849
Allowance for loan losses		1,187
Total risk-based capital (to risk-weighted  assets)	$	22,036		16.9	%	$	10,459		8.0	%	$	13,074		10.0	%
Tier I capital (to risk-weighted assets)		20,849		15.9	%		7,844		6.0	%		10,459		8.0	%
Common equity Tier I capital (to risk-weighted  assets)		20,849		15.9	%		5,883		4.5	%		8,498		6.5	%
Tier I capital (to adjusted total  assets)		20,849		15.2	%		5,495		4.0	%		6,868		5.0	%

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Disclosure About Fair Values of Assets and Liabilities (Tables)

3 Months Ended

Mar. 31, 2019

Fair Value Disclosures [Abstract]

Schedule of fair value measurement of assets measured at fair value on a nonrecurring basis

			Fair Value Measurements Using
March 31, 2019	Fair  Value		Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)
Impaired loans (collateral dependent)	$	71	$	-	$	-	$	71

			Fair Value Measurements Using
December 31, 2018	Fair  Value		Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)
Impaired loans (collateral dependent)	$	71	$	-	$	-	$	71

Schedule of quantitative information about unobservable inputs used in nonrecurring Level 3 fair value measurements

	Fair Value at		Valuation
	March 31, 2019		Technique	Unobservable Inputs	Range
Impaired loans (collateral dependent)	$	71	Market comparable properties	Marketability discount	10% - 15%

	Fair Value at		Valuation
	December 31, 2018		Technique	Unobservable Inputs	Range
Impaired loans (collateral dependent)	$	71	Market comparable properties	Marketability discount	10% - 15%

Schedule of estimated fair values of financial instruments

					Fair Value Measurements Using
March 31, 2019	Carrying Amount		Fair  Value		(Level 1)		(Level 2)		(Level 3)
Financial Assets
Cash and cash equivalents	$	7,081	$	7,081	$	7,081	$	-	$	-
Interest-bearing time deposits		2,739		2,739		2,739		-		-
Loans held for sale		3,000		3,000		-		-		3,000
Loans, net of allowance for losses		112,783		111,779		-		-		111,779
FHLB stock		754		754		-		754		-
FHLB lender risk account receivable		3,373		3,361		-		-		3,361
Accrued Interest receivable		364		364		-		364		-
Financial Liabilities
Deposits		105,966		105,641		57,782		47,859		-
FHLB advances		-		-		-		-		-
Advances from borrowers for taxes and insurance		624		624		-		624		-
Accrued Interest payable		2		2		-		2		-

					Fair Value Measurements Using
December 31, 2018	Carrying Amount		Fair  Value		(Level 1)		(Level 2)		(Level 3)
Financial Assets
Cash and cash equivalents	$	7,434	$	7,434	$	7,434	$	-	$	-
Interest-bearing time deposits		3,486		3,486		3,486		-		-
Loans held for sale		1,827		1,827		-		-		1,827
Loans, net of allowance for losses		113,317		114,248		-		-		114,248
FHLB stock		754		754		-		754		-
FHLB lender risk account receivable		3,377		3,294		-		-		3,294
Accrued Interest receivable		354		354		-		354		-
Financial Liabilities
Deposits		106,369		105,829		59,872		45,957		-
FHLB advances		-		-		-		-		-
Advances from borrowers for taxes and insurance		950		950		-		950		-
Accrued Interest payable		1		1		-		1		-

XML

Commitments and Credit Risk (Tables)

3 Months Ended

Mar. 31, 2019

Commitments and Contingencies Disclosure [Abstract]

Schedule of lines of credit

Unused lines of credit	$	3,809
Standby letters of credit		-
Unused home equity lines		12,090
Total commitments	$	15,899

XML

Nature of Operations and Summary of Significant Accounting Policies (Detail Textuals) - USD ($) $ / shares in Units, $ in Thousands	1 Months Ended
	Jul. 20, 2017	Mar. 31, 2019	Dec. 31, 2018
Nature Of Operations And Summary Of Significant Accounting Policies [Line Items]
Plan of conversion, ownership percentage	100.00%
Shares of common stock offered	1,572,808
Stock price per share (in dollars per share)	$ 10.0
Contribution to charitable organization from net proceeds of bank	$ 15,728
Common stock issuance and conversion cost	$ 1,423
Number of shares purchased through company borrowings	129,024	129,024	129,024
Percentage of common stock issued in employee stock ownership plan	8.00%
Number of common shares issued	1,612,808
Amount proceeds to employee stock ownership plan	$ 1,290
Net proceeds retained	$ 5,763
Eagle Savings Bank Charitable Foundation (the "Foundation")
Nature Of Operations And Summary Of Significant Accounting Policies [Line Items]
Number of shares contributed	40,000
Contribution to charitable organization from net proceeds of bank	$ 100
Cash contributions	$ 7,153

XML

Earnings Per Common Share (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Earnings Per Share [Abstract]
Net income	$ 81	$ 128
Less allocation of earnings to participating securities	0	0
Net income allocated to common shareholders	$ 81	$ 128
Shares Outstanding for basic earnings per common share:
Weighted Average shares outstanding:	1,605,330	1,612,808
Less: Average Unearned ESOP shares:	115,047	121,498
Weighted average number of shares outstanding used in the calculation of basic earnings per common share	1,490,283	1,491,310
Basic earnings per common share (in dollars per share)	$ 0.05	$ 0.09
Effect of dilutive securities:
Stock Options	$ 0	$ 0
Weighted average number of shares outstanding used in the calculation of dilutive earnings per common share	1,490,283	1,491,310
Diluted earnings per common share (in dollars per share)	$ 0.05	$ 0.09

XML

Loans and Allowance for Loan Losses (Details) - USD ($) $ in Thousands	Mar. 31, 2019	Dec. 31, 2018	Mar. 31, 2018	Dec. 31, 2017
Loans and Leases Receivable Disclosure [Line Items]
Gross loans	$ 122,770	$ 123,975
Net deferred loan costs	16	14
Loans in process	(8,851)	(9,485)
Allowance for loan losses	(1,152)	(1,187)	$ (1,185)	$ (1,181)
Net loans	112,783	113,317
Residential | Mortgage loans
Loans and Leases Receivable Disclosure [Line Items]
Gross loans	69,892	67,169
Allowance for loan losses	(424)	(409)	(288)	(283)
Residential | Construction Loans
Loans and Leases Receivable Disclosure [Line Items]
Gross loans	10,252	11,756
Allowance for loan losses	(112)	(128)	(123)	(116)
Residential | Mortgage loans, non-owner occupied
Loans and Leases Receivable Disclosure [Line Items]
Gross loans	6,447	6,464
Allowance for loan losses	(41)	(42)	(87)	(122)
Commercial | Commercial real estate and land loans
Loans and Leases Receivable Disclosure [Line Items]
Gross loans	16,617	17,587
Allowance for loan losses	(246)	(260)	(209)	(199)
Commercial | Commercial loans
Loans and Leases Receivable Disclosure [Line Items]
Gross loans	5,973	6,041
Allowance for loan losses	(20)	(21)	(160)	(160)
Home equity and other consumer
Loans and Leases Receivable Disclosure [Line Items]
Gross loans	12,423	13,773
Allowance for loan losses	(295)	(313)	(293)	(276)
Multi-family real estate loans
Loans and Leases Receivable Disclosure [Line Items]
Gross loans	1,166	1,185
Allowance for loan losses	$ (14)	$ (14)	$ (25)	$ (25)

XML

Loans and Allowance for Loan Losses (Details 1) - USD ($) $ in Thousands	3 Months Ended		12 Months Ended
	Mar. 31, 2019	Mar. 31, 2018	Dec. 31, 2018
Allowance for loan losses:
Balance, beginning of year	$ 1,187	$ 1,181	$ 1,181
Provision charged to expense	0	0	99
Losses charged off	(39)	0	(110)
Recoveries	4	4	17
Balance, end of period	1,152	1,185	1,187
Ending balance: individually evaluated for impairment	3		3
Ending balance: collectively evaluated for impairment	1,149		1,184
Loans:
Ending balance	122,770		123,975
Ending balance: individually evaluated for impairment	303		307
Ending balance: collectively evaluated for impairment	122,467		123,668
Residential | Mortgage Loans
Allowance for loan losses:
Balance, beginning of year	409	283	283
Provision charged to expense	11	1	146
Losses charged off	0	0	(35)
Recoveries	4	4	15
Balance, end of period	424	288	409
Ending balance: individually evaluated for impairment	3		3
Ending balance: collectively evaluated for impairment	421		406
Loans:
Ending balance	69,892		67,169
Ending balance: individually evaluated for impairment	74		74
Ending balance: collectively evaluated for impairment	69,818		67,095
Residential | Construction loans
Allowance for loan losses:
Balance, beginning of year	128	116	116
Provision charged to expense	(16)	7	12
Losses charged off	0	0	0
Recoveries	0	0	0
Balance, end of period	112	123	128
Ending balance: individually evaluated for impairment	0		0
Ending balance: collectively evaluated for impairment	112		128
Loans:
Ending balance	10,252		11,756
Ending balance: individually evaluated for impairment	0		0
Ending balance: collectively evaluated for impairment	10,252		11,756
Residential | Mortgage Loans, Non-Owner Occupied
Allowance for loan losses:
Balance, beginning of year	42	122	122
Provision charged to expense	(1)	(35)	(82)
Losses charged off	0	0	0
Recoveries	0	0	2
Balance, end of period	41	87	42
Ending balance: individually evaluated for impairment	0		0
Ending balance: collectively evaluated for impairment	41		42
Loans:
Ending balance	6,447		6,464
Ending balance: individually evaluated for impairment	187		190
Ending balance: collectively evaluated for impairment	6,260		6,274
Commercial | Commercial Real Estate and Land Loans
Allowance for loan losses:
Balance, beginning of year	260	199	199
Provision charged to expense	(14)	10	129
Losses charged off	0	0	(68)
Recoveries	0	0	0
Balance, end of period	246	209	260
Ending balance: individually evaluated for impairment	0		0
Ending balance: collectively evaluated for impairment	246		260
Loans:
Ending balance	16,617		17,587
Ending balance: individually evaluated for impairment	0		0
Ending balance: collectively evaluated for impairment	16,617		17,587
Commercial | Commercial Loans
Allowance for loan losses:
Balance, beginning of year	21	160	160
Provision charged to expense	(1)	0	(139)
Losses charged off	0	0	0
Recoveries	0	0	0
Balance, end of period	20	160	21
Ending balance: individually evaluated for impairment	0		0
Ending balance: collectively evaluated for impairment	20		21
Loans:
Ending balance	5,973		6,041
Ending balance: individually evaluated for impairment	0		0
Ending balance: collectively evaluated for impairment	5,973		6,041
Home Equity and Other Consumer
Allowance for loan losses:
Balance, beginning of year	313	276	276
Provision charged to expense	(57)	17	44
Losses charged off	(39)	0	(7)
Recoveries	0	0	0
Balance, end of period	295	293	313
Ending balance: individually evaluated for impairment	0		0
Ending balance: collectively evaluated for impairment	295		313
Loans:
Ending balance	12,423		13,773
Ending balance: individually evaluated for impairment	42		43
Ending balance: collectively evaluated for impairment	12,381		13,730
Multi-Family Real Estate Loans
Allowance for loan losses:
Balance, beginning of year	14	25	25
Provision charged to expense	0	0	(11)
Losses charged off	0	0	0
Recoveries	0	0	0
Balance, end of period	14	$ 25	14
Ending balance: individually evaluated for impairment	0		0
Ending balance: collectively evaluated for impairment	14		14
Loans:
Ending balance	1,166		1,185
Ending balance: individually evaluated for impairment	0		0
Ending balance: collectively evaluated for impairment	$ 1,166		$ 1,185

XML

Loans and Allowance for Loan Losses (Details 2) - USD ($) $ in Thousands	Mar. 31, 2019	Dec. 31, 2018
Financing Receivable, Recorded Investment [Line Items]
Total Loans	$ 122,770	$ 123,975
Satisfactory
Financing Receivable, Recorded Investment [Line Items]
Total Loans	121,384	122,267
Special mention
Financing Receivable, Recorded Investment [Line Items]
Total Loans	0	0
Substandard
Financing Receivable, Recorded Investment [Line Items]
Total Loans	1,386	1,708
Doubtful
Financing Receivable, Recorded Investment [Line Items]
Total Loans	0	0
Loss
Financing Receivable, Recorded Investment [Line Items]
Total Loans	0	0
Residential | Mortgage Loans
Financing Receivable, Recorded Investment [Line Items]
Total Loans	69,892	67,169
Residential | Mortgage Loans | Satisfactory
Financing Receivable, Recorded Investment [Line Items]
Total Loans	69,468	66,074
Residential | Mortgage Loans | Special mention
Financing Receivable, Recorded Investment [Line Items]
Total Loans	0	0
Residential | Mortgage Loans | Substandard
Financing Receivable, Recorded Investment [Line Items]
Total Loans	424	1,095
Residential | Mortgage Loans | Doubtful
Financing Receivable, Recorded Investment [Line Items]
Total Loans	0	0
Residential | Mortgage Loans | Loss
Financing Receivable, Recorded Investment [Line Items]
Total Loans	0	0
Residential | Construction Loans
Financing Receivable, Recorded Investment [Line Items]
Total Loans	10,252	11,756
Residential | Construction Loans | Satisfactory
Financing Receivable, Recorded Investment [Line Items]
Total Loans	10,252	11,756
Residential | Construction Loans | Special mention
Financing Receivable, Recorded Investment [Line Items]
Total Loans	0	0
Residential | Construction Loans | Substandard
Financing Receivable, Recorded Investment [Line Items]
Total Loans	0	0
Residential | Construction Loans | Doubtful
Financing Receivable, Recorded Investment [Line Items]
Total Loans	0	0
Residential | Construction Loans | Loss
Financing Receivable, Recorded Investment [Line Items]
Total Loans	0	0
Residential | Mortgage Loans, Non-Owner Occupied
Financing Receivable, Recorded Investment [Line Items]
Total Loans	6,447	6,464
Residential | Mortgage Loans, Non-Owner Occupied | Satisfactory
Financing Receivable, Recorded Investment [Line Items]
Total Loans	5,957	6,442
Residential | Mortgage Loans, Non-Owner Occupied | Special mention
Financing Receivable, Recorded Investment [Line Items]
Total Loans	0	0
Residential | Mortgage Loans, Non-Owner Occupied | Substandard
Financing Receivable, Recorded Investment [Line Items]
Total Loans	490	22
Residential | Mortgage Loans, Non-Owner Occupied | Doubtful
Financing Receivable, Recorded Investment [Line Items]
Total Loans	0	0
Residential | Mortgage Loans, Non-Owner Occupied | Loss
Financing Receivable, Recorded Investment [Line Items]
Total Loans	0	0
Commercial | Commercial Real Estate and Land Loans
Financing Receivable, Recorded Investment [Line Items]
Total Loans	16,617	17,587
Commercial | Commercial Real Estate and Land Loans | Satisfactory
Financing Receivable, Recorded Investment [Line Items]
Total Loans	16,422	17,390
Commercial | Commercial Real Estate and Land Loans | Special mention
Financing Receivable, Recorded Investment [Line Items]
Total Loans	0	0
Commercial | Commercial Real Estate and Land Loans | Substandard
Financing Receivable, Recorded Investment [Line Items]
Total Loans	195	197
Commercial | Commercial Real Estate and Land Loans | Doubtful
Financing Receivable, Recorded Investment [Line Items]
Total Loans	0	0
Commercial | Commercial Real Estate and Land Loans | Loss
Financing Receivable, Recorded Investment [Line Items]
Total Loans	0	0
Commercial | Commercial Loans
Financing Receivable, Recorded Investment [Line Items]
Total Loans	5,973	6,041
Commercial | Commercial Loans | Satisfactory
Financing Receivable, Recorded Investment [Line Items]
Total Loans	5,807	5,868
Commercial | Commercial Loans | Special mention
Financing Receivable, Recorded Investment [Line Items]
Total Loans	0	0
Commercial | Commercial Loans | Substandard
Financing Receivable, Recorded Investment [Line Items]
Total Loans	166	173
Commercial | Commercial Loans | Doubtful
Financing Receivable, Recorded Investment [Line Items]
Total Loans	0	0
Commercial | Commercial Loans | Loss
Financing Receivable, Recorded Investment [Line Items]
Total Loans	0	0
Home Equity and Other Consumer
Financing Receivable, Recorded Investment [Line Items]
Total Loans	12,423	13,773
Home Equity and Other Consumer | Satisfactory
Financing Receivable, Recorded Investment [Line Items]
Total Loans	12,312	13,552
Home Equity and Other Consumer | Special mention
Financing Receivable, Recorded Investment [Line Items]
Total Loans	0	0
Home Equity and Other Consumer | Substandard
Financing Receivable, Recorded Investment [Line Items]
Total Loans	111	221
Home Equity and Other Consumer | Doubtful
Financing Receivable, Recorded Investment [Line Items]
Total Loans	0	0
Home Equity and Other Consumer | Loss
Financing Receivable, Recorded Investment [Line Items]
Total Loans	0	0
Multi-Family Real Estate Loans
Financing Receivable, Recorded Investment [Line Items]
Total Loans	1,166	1,185
Multi-Family Real Estate Loans | Satisfactory
Financing Receivable, Recorded Investment [Line Items]
Total Loans	1,166	1,185
Multi-Family Real Estate Loans | Special mention
Financing Receivable, Recorded Investment [Line Items]
Total Loans	0	0
Multi-Family Real Estate Loans | Substandard
Financing Receivable, Recorded Investment [Line Items]
Total Loans	0	0
Multi-Family Real Estate Loans | Doubtful
Financing Receivable, Recorded Investment [Line Items]
Total Loans	0	0
Multi-Family Real Estate Loans | Loss
Financing Receivable, Recorded Investment [Line Items]
Total Loans	$ 0	$ 0

XML

Loans and Allowance for Loan Losses (Details 3) - USD ($) $ in Thousands	Mar. 31, 2019	Dec. 31, 2018
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	$ 373	$ 1,192
Current	122,397	122,783
Total Loans Receivable	122,770	123,975
Recorded Investment 90 Days and Accruing	0	0
30-59 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	0	741
60-89 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	18	18
90 Days Past Due or More
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	355	433
Residential | Mortgage loans
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	355	448
Current	69,537	66,721
Total Loans Receivable	69,892	67,169
Recorded Investment 90 Days and Accruing	0	0
Residential | Mortgage loans | 30-59 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	0	86
Residential | Mortgage loans | 60-89 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	0	0
Residential | Mortgage loans | 90 Days Past Due or More
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	355	362
Residential | Construction loans
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	0	0
Current	10,252	11,756
Total Loans Receivable	10,252	11,756
Recorded Investment 90 Days and Accruing	0	0
Residential | Construction loans | 30-59 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	0	0
Residential | Construction loans | 60-89 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	0	0
Residential | Construction loans | 90 Days Past Due or More
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	0	0
Residential | Mortgage loans, non-owner occupied
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	0	493
Current	6,447	5,971
Total Loans Receivable	6,447	6,464
Recorded Investment 90 Days and Accruing	0	0
Residential | Mortgage loans, non-owner occupied | 30-59 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	0	493
Residential | Mortgage loans, non-owner occupied | 60-89 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	0	0
Residential | Mortgage loans, non-owner occupied | 90 Days Past Due or More
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	0	0
Commercial | Commercial real estate and land loans
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	0	0
Current	16,617	17,587
Total Loans Receivable	16,617	17,587
Recorded Investment 90 Days and Accruing	0	0
Commercial | Commercial real estate and land loans | 30-59 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	0	0
Commercial | Commercial real estate and land loans | 60-89 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	0	0
Commercial | Commercial real estate and land loans | 90 Days Past Due or More
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	0	0
Commercial | Commercial loans
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	0	125
Current	5,973	5,916
Total Loans Receivable	5,973	6,041
Recorded Investment 90 Days and Accruing	0	0
Commercial | Commercial loans | 30-59 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	0	125
Commercial | Commercial loans | 60-89 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	0	0
Commercial | Commercial loans | 90 Days Past Due or More
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	0	0
Home equity and other consumer
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	18	126
Current	12,405	13,647
Total Loans Receivable	12,423	13,773
Recorded Investment 90 Days and Accruing	0	0
Home equity and other consumer | 30-59 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	0	37
Home equity and other consumer | 60-89 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	18	18
Home equity and other consumer | 90 Days Past Due or More
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	0	71
Multi-family real estate loans
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	0	0
Current	1,166	1,185
Total Loans Receivable	1,166	1,185
Recorded Investment 90 Days and Accruing	0	0
Multi-family real estate loans | 30-59 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	0	0
Multi-family real estate loans | 60-89 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	0	0
Multi-family real estate loans | 90 Days Past Due or More
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	$ 0	$ 0

XML

Loans and Allowance for Loan Losses (Details 4) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018	Dec. 31, 2018
Loans with an allocated allowance:
Recorded Balance Total	$ 303		$ 307
Unpaid Principal Balance Total	303		307
Allocated Allowance Total	3		3
Average Investment in Impaired Loans Total	304	$ 794
Interest Income Recognized Total	6	8
Residential | Mortgage loans
Loans without an allocated allowance:
Recorded Balance	0		0
Unpaid Principal Balance	0		0
Average Investment in Impaired Loans	0	0
Interest Income Recognized	0	0
Loans with an allocated allowance:
Unpaid Principal Balance	74		74
Recorded Balance	74		74
Average Investment in Impaired Loans	74	141
Interest Income Recognized	1	1
Allocated Allowance Total	3		3
Residential | Construction loans
Loans without an allocated allowance:
Recorded Balance	0		0
Unpaid Principal Balance	0		0
Average Investment in Impaired Loans	0	0
Interest Income Recognized	0	0
Loans with an allocated allowance:
Unpaid Principal Balance	0		0
Recorded Balance	0		0
Average Investment in Impaired Loans	0	0
Interest Income Recognized	0	0
Allocated Allowance Total	0		0
Residential | Mortgage loans, non-owner occupied
Loans without an allocated allowance:
Recorded Balance	187		190
Unpaid Principal Balance	187		190
Average Investment in Impaired Loans	188	195
Interest Income Recognized	4	3
Loans with an allocated allowance:
Unpaid Principal Balance	0		0
Recorded Balance	0		0
Average Investment in Impaired Loans	0	0
Interest Income Recognized	0	0
Allocated Allowance Total	0		0
Commercial | Commercial real estate and land loans
Loans without an allocated allowance:
Recorded Balance	0		0
Unpaid Principal Balance	0		0
Average Investment in Impaired Loans	0	0
Interest Income Recognized	0	0
Loans with an allocated allowance:
Unpaid Principal Balance	0		0
Recorded Balance	0		0
Average Investment in Impaired Loans	0	158
Interest Income Recognized	0	0
Allocated Allowance Total	0		0
Commercial | Commercial loans
Loans without an allocated allowance:
Recorded Balance	0		0
Unpaid Principal Balance	0		0
Average Investment in Impaired Loans	0	0
Interest Income Recognized	0	0
Loans with an allocated allowance:
Unpaid Principal Balance	0		0
Recorded Balance	0		0
Average Investment in Impaired Loans	0	300
Interest Income Recognized	0	4
Allocated Allowance Total	0		0
Home equity and other consumer
Loans without an allocated allowance:
Recorded Balance	42		43
Unpaid Principal Balance	42		43
Average Investment in Impaired Loans	42	0
Interest Income Recognized	1	0
Loans with an allocated allowance:
Unpaid Principal Balance	0		0
Recorded Balance	0		0
Average Investment in Impaired Loans	0	0
Interest Income Recognized	0	0
Allocated Allowance Total	0		0
Multi-family real estate loans
Loans without an allocated allowance:
Recorded Balance	0		0
Unpaid Principal Balance	0		0
Average Investment in Impaired Loans	0	0
Interest Income Recognized	0	0
Loans with an allocated allowance:
Unpaid Principal Balance	0		0
Recorded Balance	0		0
Average Investment in Impaired Loans	0	0
Interest Income Recognized	0	$ 0
Allocated Allowance Total	$ 0		$ 0

XML

Loans and Allowance for Loan Losses (Details 5) - USD ($) $ in Thousands	Mar. 31, 2019	Dec. 31, 2018
Financing Receivable, Modifications [Line Items]
Nonaccrual loans, Total	$ 355	$ 433
Residential | Mortgage loans
Financing Receivable, Modifications [Line Items]
Nonaccrual loans, Total	355	362
Residential | Construction loans
Financing Receivable, Modifications [Line Items]
Nonaccrual loans, Total	0	0
Residential | Mortgage loans, non-owner occupied
Financing Receivable, Modifications [Line Items]
Nonaccrual loans, Total	0	0
Commercial | Commercial real estate and land loans
Financing Receivable, Modifications [Line Items]
Nonaccrual loans, Total	0	0
Commercial | Commercial loans
Financing Receivable, Modifications [Line Items]
Nonaccrual loans, Total	0	0
Home equity and other consumer
Financing Receivable, Modifications [Line Items]
Nonaccrual loans, Total	0	71
Multi-family real estate loans
Financing Receivable, Modifications [Line Items]
Nonaccrual loans, Total	$ 0	$ 0

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Loans and Allowance for Loan Losses (Details 6) $ in Thousands	3 Months Ended
	Mar. 31, 2019 USD ($) Contracts
Financing Receivable, Modifications [Line Items]
Number of Contracts | Contracts	7
Recorded Investment | $	$ 303
Residential | Mortgage loans
Financing Receivable, Modifications [Line Items]
Number of Contracts | Contracts	1
Recorded Investment | $	$ 74
Residential | Construction loans
Financing Receivable, Modifications [Line Items]
Number of Contracts | Contracts	0
Recorded Investment | $	$ 0
Residential | Mortgage loans, non-owner occupied
Financing Receivable, Modifications [Line Items]
Number of Contracts | Contracts	4
Recorded Investment | $	$ 187
Commercial | Commercial real estate and land loans
Financing Receivable, Modifications [Line Items]
Number of Contracts | Contracts	0
Recorded Investment | $	$ 0
Commercial | Commercial loans
Financing Receivable, Modifications [Line Items]
Number of Contracts | Contracts	0
Recorded Investment | $	$ 0
Home equity and other consumer
Financing Receivable, Modifications [Line Items]
Number of Contracts | Contracts	2
Recorded Investment | $	$ 42
Multi-family real estate loans
Financing Receivable, Modifications [Line Items]
Number of Contracts | Contracts	0
Recorded Investment | $	$ 0

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Loans and Allowance for Loan Losses (Detail Textuals) $ in Thousands	3 Months Ended	12 Months Ended
	Mar. 31, 2019 USD ($) Loan Contracts	Dec. 31, 2018 USD ($) Loan Property
Financing Receivable, Recorded Investment, Past Due [Line Items]
Loans serviced for the benefit of others	$ 1,770	$ 1,816
Number of loans | Contracts	7
Total troubled debt restructurings		$ 307
Number of real estate properties | Property		2
Foreclosed real estate held for sale, net		$ 217
Home equity loan
Financing Receivable, Recorded Investment, Past Due [Line Items]
Number of loans | Loan	2	2
Total troubled debt restructurings	$ 42	$ 43
Residential | Mortgage loans and non-owner occupied loans
Financing Receivable, Recorded Investment, Past Due [Line Items]
Number of loans | Loan	5	5
Total troubled debt restructurings	$ 261	$ 264
Troubled debt restructurings with the largest totaling	$ 187	$ 190
Residential | Mortgage loans
Financing Receivable, Recorded Investment, Past Due [Line Items]
Number of loans | Contracts	1
Number of real estate properties | Property		1
Foreclosed real estate held for sale, net		$ 90
Commercial | Commercial loans
Financing Receivable, Recorded Investment, Past Due [Line Items]
Number of loans | Contracts	0
Commercial | Commercial real estate and land loans
Financing Receivable, Recorded Investment, Past Due [Line Items]
Number of loans | Contracts	0
Number of real estate properties | Property		1
Foreclosed real estate held for sale, net		$ 127

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Employee Stock Ownership Plan ("ESOP") (Details) - USD ($) $ in Thousands	Mar. 31, 2019	Dec. 31, 2018	Jul. 20, 2017
Employee Stock Ownership Plan [Abstract]
Shares allocated to participants	1,613	6,451
Shares released to participants	12,902	6,451
Unreleased shares	114,509	116,122
Total	129,024	129,024	129,024
Fair Value of Unreleased Shares	$ 1,826,419	$ 1,761,571

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Employee Stock Ownership Plan ("ESOP") (Detail Textuals) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018	Dec. 31, 2018	Jul. 20, 2017
Employee Stock Ownership Plan [Abstract]
Number of shares purchased through company borrowings	129,024		129,024	129,024
Employee stock ownership plan (ESOP), percentage of stock offering	8.00%
Term of loan	20 years
Vesting percentage of ESOP shares	20.00%
Vesting term of ESOP shares	2 years
ESOP compensation expense	$ 25	$ 26

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Equity Incentive Plan (Detail Textuals) - USD ($) $ / shares in Units, $ in Thousands	1 Months Ended			3 Months Ended
	Oct. 31, 2018	Sep. 30, 2018	Jul. 20, 2017	Mar. 31, 2019	Mar. 31, 2018
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of common stock may be issued			1,612,808
Equity Incentive Plan 2018
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of shares authorized for issuance		225,792
Number of stock options exercised		161,280
Expected volatility rate	24.63%	24.56%
Risk free interest rate	3.14%	3.01%
Expected term	7 years 6 months	7 years 6 months
Weighted average grant-date fair value of options	$ 5.59	$ 5.57
Compensation cost recognized for share-based payment				$ 61	$ 0
Total unrecognized compensation cost related to unvested share-based compensation granted				$ 1,101
Expected to be recognized over remaining period				4 years 4 months 24 days
Equity Incentive Plan 2018 | Board of Directors
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of stock options granted		32,255
Vesting rate		20.00%
Vesting period		5 years
Exercise price		$ 15.89
Expiration Period		10 years
Equity Incentive Plan 2018 | Executive Officer
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of stock options granted	69,356
Vesting rate	20.00%
Vesting period	5 years
Exercise price	$ 15.75
Expiration Period	10 years
Equity Incentive Plan 2018 | Restricted stock
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of common stock may be issued		64,512
Equity Incentive Plan 2018 | Restricted stock | Board of Directors
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period		5 years
Number of restricted stock awarded		12,900
Equity Incentive Plan 2018 | Restricted stock | Executive Officer
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period	5 years
Number of restricted stock awarded	29,050

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Regulatory Matters (Details) - USD ($) $ in Thousands	Mar. 31, 2019	Dec. 31, 2018	Mar. 31, 2018	Dec. 31, 2017
Compliance with Regulatory Capital Requirements under Banking Regulations [Line Items]
Equity	$ 14,242	$ 14,161
Allowance for loan losses (in dollars)	1,152	1,187	$ 1,185	$ 1,181
Eagle Financial Bancorp, Inc.
Compliance with Regulatory Capital Requirements under Banking Regulations [Line Items]
Equity	21,042	20,849
Allowance for loan losses (in dollars)	1,152	1,187
Total risk-based capital (to risk weighted assets) actual amount	$ 22,194	$ 22,036
Total risk-based capital (to risk weighted assets) actual ratio	17.20%	16.90%
Total risk-based capital (to risk weighted assets) minimum capital requirement amount	$ 10,352	$ 10,459
Total risk-based capital (to risk weighted assets) minimum capital requirement ratio	8.00%	8.00%
Total risk-based capital (to risk weighted assets) minimum to be well capitalized under prompt corrective action amount	$ 12,941	$ 13,074
Total risk-based capital (to risk weighted assets) minimum to be well capitalized under prompt corrective action ratio	10.00%	10.00%
Tier I capital (to risk weighted assets) actual amount	$ 21,042	$ 20,849
Tier I capital (to risk weighted assets) actual ratio	16.30%	15.90%
Tier I capital (to risk weighted assets) minimum capital requirement amount	$ 7,764	$ 7,844
Tier I capital (to risk weighted assets) minimum capital requirement ratio	6.00%	6.00%
Tier I capital (to risk weighted assets) minimum to be well capitalized under prompt corrective action amount	$ 10,352	$ 10,459
Tier i capital (to risk weighted assets) minimum to be well capitalized under prompt corrective action ratio	8.00%	8.00%
Common equity tier I capital (to risk weighted assets) actual amount	$ 21,042	$ 20,849
Common equity tier I capital (to risk weighted assets) actual ratio	16.30%	15.90%
Common equity tier I capital (to risk weighted assets) minimum capital requirement amount	$ 5,823	$ 5,883
Common equity tier I capital (to risk weighted assets) minimum capital requirement ratio	4.50%	4.50%
Common equity tier I capital (to risk weighted assets) minimum to be well capitalized under prompt corrective action amount	$ 8,411	$ 8,498
Common equity tier I capital (to risk weighted assets) minimum to be well capitalized under prompt corrective action ratio	6.50%	6.50%
Tier I capital (to average assets) actual amount	$ 21,042	$ 20,849
Tier I capital (to average assets) actual ratio	15.40%	15.20%
Tier I capital (to average assets) minimum capital requirement amount	$ 5,453	$ 5,495
Tier I capital (to average assets) minimum capital requirement ratio	4.00%	4.00%
Tier I capital (to average assets) minimum to be well capitalized under prompt corrective action amount	$ 6,817	$ 6,868
Tier I capital (to average assets) minimum to be well capitalized under prompt corrective action ratio	5.00%	5.00%

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Disclosure About Fair Values of Assets and Liabilities (Details) - Fair Value, Measurements, Nonrecurring - USD ($) $ in Thousands	Mar. 31, 2019	Dec. 31, 2018
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Impaired loans (collateral dependent)	$ 71	$ 71
Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Impaired loans (collateral dependent)	0	0
Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Impaired loans (collateral dependent)	0	0
Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Impaired loans (collateral dependent)	$ 71	$ 71

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Disclosure About Fair Values of Assets and Liabilities (Details 1) - Fair Value, Measurements, Nonrecurring $ in Thousands	Mar. 31, 2019 USD ($) Percent	Dec. 31, 2018 USD ($) Percent
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Impaired loans (collateral dependent) | $	$ 71	$ 71
Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Impaired loans (collateral dependent) | $	$ 71	$ 71
Level 3 | Minimum | Marketability discount | Market comparable properties
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Impaired loans (collateral dependent) measurement input | Percent	10	10
Level 3 | Maximum | Marketability discount | Market comparable properties
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Impaired loans (collateral dependent) measurement input | Percent	15	15

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Disclosure About Fair Values of Assets and Liabilities (Details 2) - USD ($) $ in Thousands	Mar. 31, 2019	Dec. 31, 2018
Carrying Amount
Financial Assets
Cash and cash equivalents	$ 7,081	$ 7,434
Interest-bearing time deposits	2,739	3,486
Loans held for sale	3,000	1,827
Loans, net of allowance for losses	112,783	113,317
FHLB stock	754	754
FHLB lender risk account receivable	3,373	3,377
Accrued Interest receivable	364	354
Financial Liabilities
Deposits	105,966	106,369
FHLB advances	0	0
Advances from borrowers for taxes and insurance	624	950
Accrued Interest payable	2	1
Fair Value
Financial Assets
Cash and cash equivalents	7,081	7,434
Interest-bearing time deposits	2,739	3,486
Loans held for sale	3,000	1,827
Loans, net of allowance for losses	111,779	114,248
FHLB stock	754	754
FHLB lender risk account receivable	3,361	3,294
Accrued Interest receivable	364	354
Financial Liabilities
Deposits	105,641	105,829
FHLB advances	0	0
Advances from borrowers for taxes and insurance	624	950
Accrued Interest payable	2	1
Level 1
Financial Assets
Cash and cash equivalents	7,081	7,434
Interest-bearing time deposits	2,739	3,486
Loans held for sale	0	0
Loans, net of allowance for losses	0	0
FHLB stock	0	0
FHLB lender risk account receivable	0	0
Accrued Interest receivable	0	0
Financial Liabilities
Deposits	57,782	59,872
FHLB advances	0	0
Advances from borrowers for taxes and insurance	0	0
Accrued Interest payable	0	0
Level 2
Financial Assets
Cash and cash equivalents	0	0
Interest-bearing time deposits	0	0
Loans held for sale	0	0
Loans, net of allowance for losses	0	0
FHLB stock	754	754
FHLB lender risk account receivable	0	0
Accrued Interest receivable	364	354
Financial Liabilities
Deposits	47,859	45,957
FHLB advances	0	0
Advances from borrowers for taxes and insurance	624	950
Accrued Interest payable	2	1
Level 3
Financial Assets
Cash and cash equivalents	0	0
Interest-bearing time deposits	0	0
Loans held for sale	3,000	1,827
Loans, net of allowance for losses	111,779	114,248
FHLB stock	0	0
FHLB lender risk account receivable	3,361	3,294
Accrued Interest receivable	0	0
Financial Liabilities
Deposits	0	0
FHLB advances	0	0
Advances from borrowers for taxes and insurance	0	0
Accrued Interest payable	$ 0	$ 0

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Disclosure About Fair Values of Assets and Liabilities (Detail Textuals) - USD ($) $ in Thousands	3 Months Ended	12 Months Ended
	Mar. 31, 2019	Dec. 31, 2018
Fair Value Disclosures [Abstract]
Fair value adjustments, allocated allowances and charge-offs, on impaired loans and foreclosed assets held for sale	$ 0	$ 0

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Commitments and Credit Risk (Details) $ in Thousands	Mar. 31, 2019 USD ($)
Line of Credit Facility [Line Items]
Total commitments	$ 15,899
Unused lines of credit
Line of Credit Facility [Line Items]
Total commitments	3,809
Standby letters of credit
Line of Credit Facility [Line Items]
Total commitments	0
Unused home equity lines
Line of Credit Facility [Line Items]
Total commitments	$ 12,090

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Commitments and Credit Risk (Detail Textuals) - USD ($) $ in Thousands	Mar. 31, 2019	Dec. 31, 2018
Other Commitments [Line Items]
Undisbursed loans in process	$ 8,851	$ 9,485
Minimum
Other Commitments [Line Items]
Loans approved but not yet originated with variable interest rate percentage	3.875%	3.125%
Maximum
Other Commitments [Line Items]
Loans approved but not yet originated with variable interest rate percentage	5.25%	5.73%
Home equity loan
Other Commitments [Line Items]
Loans approved but not yet originated with variable interest rate percentage	5.50%
Loans approved but not yet originated with fixed interest rate	$ 26