Fair Value of Financial Statements (Tables)

12 Months Ended

Dec. 31, 2019

Fair Value Disclosures [Abstract]

Schedule of assets and liabilities measured at fair value on a recurring basis

			Fair Value Measurement Using
			Quoted Prices in				Significant
			Active Markets for		Significant Other		Unobservable
(In thousands)	Fair		Identical Assets		Observable Inputs		Inputs
Description	Value		(Level 1)		(Level 2)			(Level 3)
December 31, 2019
U.S. Government Agency - SBA pools	$	2,270	$		$	2,270	$
U.S. Agency Mortgage-Backed Securities		3,940				3,940
Total Investment Securities	$	6,210	$	—	$	6,210	$	—
December 31, 2018
U.S. Agency Mortgage-Backed Securities	$	4,221	$	—	$	4,221	$	—
Total Investment Securities	$	4,221	$	—	$	4,221	$	—

Schedule of assets and liabilities measured at fair value on a non - recurring basis

			Fair Value Measurement Using
					Significant
			Quoted Prices in		Other		Significant
			Active Markets for		Observable		Unobservable
	Fair		Identical Assets		Inputs		Inputs
(In thousands)	Value		(Level 1)		(Level 2)		(Level 3)
December 31, 2019
Assets
Impaired Loans	$	743	$	—	$	743	$	—
Repossessed Assets		—		—		—		—
Total	$	743	$	—	$	743	$	—
December 31, 2018
Assets
Impaired Loans	$	90	$	—	$	90	$	—
Repossessed Assets		—		—		—		—
Total	$	90	$	—	$	90	$	—

Schedule of carrying amounts and estimated fair values financial instruments

					Fair Value Measurement Using
					Quoted Prices in				Significant
					Active Markets for		Significant Other		Unobservable
	Carrying		Fair		Identical Assets		Observable Inputs		Inputs
(In thousands)	Amount		Value		(Level 1)		(Level 2)		(Level 3)
December 31, 2019
Financial Assets:
Cash, Short-Term Investments and Federal Funds Sold	$	12,233	$	12,233	$	12,233	$	—	$	—
Securities-Available for Sale		6,210		6,210		—		6,210		—
Securities-Held to Maturity		389		388		—		388		—
Other Equity Securities		827		827		—		—		827
Cash Value of Life Insurance		2,153		2,153		—		2,153		—
Loans Held for Sale		284		—		—		—		—
Loans Held -Net		102,185		107,807		—		—		107,807
	$	124,281	$	129,618	$	12,233	$	8,751	$	108,634
Financial Liabilities:
Deposits	$	88,939	$	89,986	$	—	$	—	$	89,986
Borrowed Funds		18,041		18,130		—		18,130		—
	$	106,980	$	108,116	$	—	$	18,130	$	89,986

					Fair Value Measurement Using
					Quoted Prices in				Significant
					Active Markets for		Significant Other		Unobservable
	Carrying		Fair		Identical Assets		Observable Inputs		Inputs
(In thousands)	Amount		Value		(Level 1)		(Level 2)		(Level 3)
December 31, 2018
Financial Assets:
Cash, Short-Term Investments and Federal Funds Sold	$	8,001	$	8,001	$	8,001	$	—	$	—
Securities-Available for Sale		4,221		4,221		—		4,221		—
Securities-Held to Maturity		518		507		—		507		—
Other Equity Securities		802		802		—		—		802
Cash Value of Life Insurance		2,102		2,102		—		2,102		—
Loans Held for Sale		580		580		—		580		—
Loans-Net		97,533		98,841		—		—		98,841
	$	113,757	$	115,054	$	8,001	$	7,410	$	99,643
Financial Liabilities:
Deposits	$	77,297	$	76,754	$	—	$	—	$	76,754
Borrowed Funds		16,822		16,677		—		16,677		—
	$	94,119	$	93,431	$	—	$	16,677	$	76,754