Fair Values of Financial Instruments (Tables)

12 Months Ended

Dec. 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
December 31, 2019:	Fair		Assets		Inputs		Inputs
(in thousands)	Value		(Level 1)		(Level 2)		(Level 3)
Mortgage-Backed Securities
FHLMC	$	2,645	$	—	$	2,645	$	—
SBA 7a Pools		2,675		—		2,675		—
Total Investment Securities	$	5,320	$	—	$	5,320	$	—

	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 financial assets and liabilities that are measured at fair value on a non-recurring basis

	Fair Value at Reporting Date Using
			Quoted Prices
			in Active		Significant
			Markets		Other		Significant
			for Identical		Observable		Unobservable
December 31, 2019:	Fair		Assets		Inputs		Inputs
(in thousands)	Value		(Level 1)		(Level 2)		(Level 3)
Assets:
Impaired Loans	$	—	$	—	$	—	$	—
Other Real Estate		—		—		—		—
Total	$	—	$	—	$	—	$	—

	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)
Assets:
Impaired Loans	$	—	$	—	$	—	$	—
Other Real Estate		—		—		—		—
Total	$	—	$	—	$	—	$	—

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

	2019				2018
	Carrying		Fair		Carrying		Fair
	Amount		Value		Amount		Value
Financial Assets:
Cash and Cash Equivalents	$	11,875	$	11,875	$	3,090	$	3,090
Interest-Bearing Deposits		1,740		1,740		750		750
Investment Securities		5,320		5,320		5,781		5,781
Loans - Net		78,785		82,300		81,072		81,442
Loans Held-for-Sale		1,637		1,637		533		533
Accrued Interest Receivable		321		321		337		337
FHLB Stock		1,418		1,418		1,376		1,376
Cash Surrender Value of Life Insurance		4,044		4,044		3,950		3,950
Financial Liabilities:
Deposits		58,045		59,053		56,183		55,507
Advances from FHLB		21,581		22,007		26,030		25,907
Accrued Interest Payable		137		137		136		136