Fair Value (Tables)

9 Months Ended

Sep. 30, 2018

Fair Value Disclosures [Abstract]

Schedule of assets carried at fair value on a recurring basis

			Identical Assets		Inputs		Inputs
	Balance		(Level 1)		(Level 2)		(Level 3)
	September 30, 2018
	(unaudited)
U.S. Treasury securities	$	2,928	$	2,928	$	-	$	-
U.S. government agency mortgage-backed securities-residential		82,013		-		81,584		429
U.S. government agency securities		16,217		-		16,217		-
Municipal securities		1,229		-		1,229		-
Total	$	102,387	$	2,928	$	99,030	$	429
	December 31, 2017
U.S. Treasury securities	$	3,001	$	3,001	$	-	$	-
U.S. government agency mortgage-backed securities-residential		91,390		-		91,390		-
U.S. government agency securities		16,526		-		16,526		-
Municipal securities		2,385		-		2,385		-
Total	$	113,302	$	3,001	$	110,301	$	-

Schedule of assets carried at fair value and measured at fair value on a nonrecurring basis

	Balance		Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Observable Inputs (Level 2)		Significant Observable Inputs (Level 3)
	September 30, 2018
	(unaudited)
Assets held at fair value
Impaired loans	$	258	$	-	$	-	$	258
Other real estate owned	$	1,074	$	-	$	-	$	1,074
	December 31, 2017
Assets held at fair value
Impaired loans	$	760	$	-	$	-	$	760
Other real estate owned	$	773	$	-	$	-	$	773

Schedule of additional quantitative information about assets measured at fair value on a nonrecurring basis

	Fair Value Estimate		Valuation Technique	Unobservable Input	Range
	September 30, 2018
	(unaudited)
Assets held at fair value
Impaired loans	$	258	Appraisal of collateral(1)	Appraisal adjustments(2)	0% - 20%
				Liquidation expenses(3)	0% - 6%
Other real estate owned		1,074	Appraisal of collateral(1)	Appraisal adjustments(2)	0% - 20%
	December 31, 2017
Impaired loans	$	760	Appraisal of collateral(1)	Appraisal adjustments(2)	0% - 20%
				Liquidation expenses(3)	0% - 6%
Other real estate owned		773	Appraisal of collateral(1)	Appraisal adjustments(2)	0% - 20%

(1) Fair value is generally determined through independent appraisals of the underlying collateral that generally include various level 3 inputs which are not identifiable.

(2) Appraisals may be adjusted by management for qualitative factors such as economic conditions and estimated liquidation expenses. The range of liquidation expenses and other appraisal adjustments are presented as a percent of the appraised value.

(3) Estimated costs to sell.

Schedule of carrying value and fair values of the financial instruments

	September 30,				December 31,
	2018				2017
	(unaudited)
	Carrying Value		Fair Value		Carrying Value		Fair Value
Financial Assets:
Cash and due from banks   (Level 2)	$	12,596	$	12,596	$	10,460	$	10,460
Available for sale securities (Level 2)		102,387		102,387		113,302		113,302
Held to maturity securities (Level 2)		-		-		1,914		1,928
FHLBNY stock (Level 2)		2,874		2,874		1,108		1,108
Loans, net (Level 3)		652,053		643,286		566,178		565,765
Accrued interest receivable (Level 2)		2,418		2,418		2,149		2,149
Mortgage servicing rights (Level 3)		2,278		4,628		2,260		4,122
Financial Liabilities:
Deposits (Level 2)		691,718		690,260		650,105		649,517
Mortgagors escrow accounts (Level 2)		3,521		3,521		7,284		7,284
FHLBNY advances (Level 2)		53,621		53,621		14,900		14,900
Subordinated debt (Level 2)		5,155		5,155		5,155		5,155