Fair Value (Tables)
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12 Months Ended |
Dec. 31, 2018 |
| Fair Value Disclosures [Abstract] |
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| Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis |
The Company has categorized its financial instruments measured at fair value on a recurring basis as of December 31, 2018 and December 31, 2017 as follows: | | | | | | | | | | | | | | | | | | Fair Value of Financial Instruments | | | | | | | | | (in thousands) | | Total | | Level 1 Inputs | | Level 2 Inputs | | Level 3 Inputs | December 31, 2018 | | | | | Investment securities available for sale | | | | | | | | | U.S. government-sponsored enterprises | | $ | 17,360 |
| | $ | — |
| | $ | 17,360 |
| | $ | — |
| Municipal | | 501 |
| | — |
| | 501 |
| | — |
| Corporate | | 2,885 |
| | — |
| | 2,885 |
| | — |
| Mortgage-backed securities | | 26,186 |
| | — |
| | 26,186 |
| | — |
| | | $ | 46,932 |
| | $ | — |
| | $ | 46,932 |
| | $ | — |
| Loans held for sale | | $ | 18,526 |
| | $ | — |
| | $ | 18,526 |
| | $ | — |
| Derivative assets | | $ | 112 |
| | $ | — |
| | $ | 112 |
| | $ | — |
| Derivative liabilities | | $ | 253 |
| | $ | — |
| | $ | 253 |
| | $ | — |
| | | | | | | | | | December 31, 2017 | | | | | | | | | Investment securities available for sale | | | | | | | | | U.S. government-sponsored enterprises | | $ | 17,370 |
| | $ | — |
| | $ | 17,370 |
| | $ | — |
| Municipal | | 516 |
| | — |
| | 516 |
| | — |
| Corporate | | 3,076 |
| | — |
| | 3,076 |
| | — |
| Mortgage-backed securities | | 33,067 |
| | — |
| | 33,067 |
| | — |
| | | $ | 54,028 |
| | $ | — |
| | $ | 54,028 |
| | $ | — |
| Loans held for sale | | $ | 26,344 |
| | $ | — |
| | $ | 26,344 |
| | $ | — |
| Derivative assets | | $ | 100 |
| | $ | — |
| | $ | 100 |
| | $ | — |
| Derivative liabilities | | $ | 42 |
| | $ | — |
| | $ | 42 |
| | $ | — |
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| Schedule Of Fair Value Of Loans Held For Sale |
The following table reflects the difference between the fair value carrying amount of loans held for sale, measured at fair value under FASB ASC 825-10, and the aggregate unpaid principal amount the Company is contractually entitled to receive at maturity: | | | | | | | | | | Fair Value of Loans Held for Sale | | | | | (in thousands) | | | | | | | 2018 | | 2017 | Loans held for sale | | | | | Aggregate fair value | | $ | 18,526 |
| | $ | 26,344 |
| Contractual principal | | 17,822 |
| | 25,637 |
| Difference | | $ | 704 |
| | $ | 707 |
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| Fair Value Measurements, Nonrecurring |
| | | | | | | | | | Fair Value of Impaired Loans and Foreclosed Real Estate | | | | | (in thousands) | | | | | | | 2018 | | 2017 | Impaired loans | | | | | Level 1 Inputs | | $ | — |
| | $ | — |
| Level 2 Inputs | | — |
| | — |
| Level 3 Inputs | | 4,093 |
| | 8,170 |
| Total | | $ | 4,093 |
| | $ | 8,170 |
| | | | | | Foreclosed real estate | | | | | Level 1 Inputs | | $ | — |
| | $ | — |
| Level 2 Inputs | | — |
| | — |
| Level 3 Inputs | | 142 |
| | 93 |
| Total | | $ | 142 |
| | $ | 93 |
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| Fair Value Measurement Inputs and Valuation Techniques |
The following table provides information describing the unobservable inputs used in Level 3 fair value measurements at December 31, 2018 and 2017: | | | | | | | | Inputs | | Valuation Technique | | Unobservable Inputs | | General Range of Inputs | | | | Impaired Loans | Appraised Value/Discounted Cash Flows | | Discounts to appraisals or cash flows for estimated holding and/or selling costs | | 0 - 25% | Foreclosed Real Estate | Appraised Value/Comparable Sales | | Discounts to appraisals for estimated holding and/or selling costs | | 0 - 25% |
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| Fair Value Measurements, Recurring and Nonrecurring |
The table below presents the carrying amount, fair value, and placement in the fair value hierarchy of the Company’s financial instruments (in thousands). | | | | | | | | | | | | | | | | | Fair Value of Financial Assets and Liabilities | | | | | | | | | December 31, 2018 | | December 31, 2017 | (in thousands) | Carrying Amount | | Fair Value | | Carrying Amount | | Fair Value | Financial assets | | | | | | | | Level 1 | | | | | | | | Cash and due from banks | $ | 10,431 |
| | $ | 10,431 |
| | $ | 8,189 |
| | $ | 8,189 |
| Interest bearing deposits at other financial institutions | 22,007 |
| | 22,007 |
| | 40,356 |
| | 40,356 |
| Federal funds sold | 2,285 |
| | 2,285 |
| | 3,766 |
| | 3,766 |
| Restricted investments | 2,503 |
| | 2,503 |
| | 2,369 |
| | 2,369 |
| Level 3 | | | | | | | | Loans receivable, net | $ | 988,960 |
| | $ | 979,058 |
| | $ | 877,387 |
| | $ | 872,446 |
| | | | | | | | | Financial liabilities | | | | | | | | Level 1 | | | | | | | | Noninterest bearing deposits | $ | 242,259 |
| | $ | 242,259 |
| | $ | 196,635 |
| | $ | 196,635 |
| Securities sold under agreements to repurchase | 3,332 |
| | 3,332 |
| | 11,260 |
| | 11,260 |
| Level 3 | | | | | | | | Interest bearing deposits | 712,981 |
| | 711,876 |
| | 708,264 |
| | 702,930 |
| FHLB advances and other borrowed funds | 19,393 |
| | 19,447 |
| | 19,361 |
| | 19,413 |
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