Fair Values of Financial Instruments (Tables)

3 Months Ended

Mar. 31, 2019

Fair Values of Financial Instruments

Summary of assets measured on a recurring basis

	Fair Value at Reporting Date Using
			Quoted Prices
			in Active		Significant
			Markets		Other		Significant
			for Identical		Observable		Unobservable
March 31, 2019:	Fair		Assets		Inputs		Inputs
(in thousands)	Value		(Level 1)		(Level 2)		(Level 3)
Mortgage-Backed Securities
FHLMC	$	2,957	$	—	$	2,957	$	—
FNMA		210		—		210		—
GNMA		584		—		584		—
SBA 7a Pools		2,856		—		2,856		—
Total Investment Securities	$	6,607	$	—	$	6,607	$	—

	Fair Value at Reporting Date Using
			Quoted Prices
			in Active		Significant
			Markets		Other		Significant
			for Identical		Observable		Unobservable
December 31, 2018:	Fair		Assets		Inputs		Inputs
(in thousands)	Value		(Level 1)		(Level 2)		(Level 3)
Mortgage-Backed Securities
FHLMC	$	3,022	$	—	$	3,022	$	—
FNMA		230		—		230		—
GNMA		620		—		620		—
SBA 7a Pools		1,909		—		1,909		—
Total Investment Securities	$	5,781	$	—	$	5,781	$	—

Summary of estimated fair values of the Homestead’s financial instruments

	March31, 2019				December31, 2018
	Carrying		Fair		Carrying		Fair
	Amount		Value		Amount		Value
Financial Assets:
Cash and Cash Equivalents	$	2,983	$	2,983	$	3,090	$	3,090
Interest-Bearing Deposits		750		750		750		750
Investment Securities		6,607		6,607		5,781		5,781
Loans - Net		80,681		82,187		81,072		81,442
Loans Held-for-Sale		230		230		533		533
Accrued Interest Receivable		351		351		337		337
FHLB Stock		1,386		1,386		1,376		1,376
Cash Surrender Value of Life Insurance		3,973		3,973		3,950		3,950
Financial Liabilities:
Deposits		59,009		58,668		56,183		55,507
Advances from FHLB		24,048		24,256		26,030		25,907
Accrued Interest Payable		157		157		136		136