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Fair Value (Tables) | 9 Months Ended
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Sep. 30, 2019
Fair Value Disclosures [Abstract] |
Summary of financial assets measured at fair value on a recurring basis | The following tables present the balances of financial assets measured at fair value on a recurring basis:
|  | September 30, 2019 |
(In thousands) |  | Total |  |  | Level 1 |  |  | Level 2 |  |  | Level 3 |
Available for sale securities |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
U.S. Treasury and agencies |  | $ | 3,331 |  |  | $ | — |  |  | $ | 3,331 |  |  | $ | — |
Mortgage backed securities |  |  | 111,790 |  |  |  | — |  |  |  | 111,790 |  |  |  | — |
Corporate bonds |  |  | 6,619 |  |  |  | — |  |  |  | 6,619 |  |  |  | — |
Total securities available for sale |  | $ | 121,740 |  |  | $ | — |  |  | $ | 121,740 |  |  | $ | — |
|  | December 31, 2018 |
(In thousands) |  | Total |  |  | Level 1 |  |  | Level 2 |  |  | Level 3 |
Available for sale securities |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
State and municipal |  | $ | 1,003 |  |  | $ | — |  |  | $ | 1,003 |  |  | $ | — |
U.S. Treasury and agencies |  |  | 3,167 |  |  |  | — |  |  |  | 3,167 |  |  |  | — |
Mortgage backed securities |  |  | 28,370 |  |  |  | — |  |  |  | 28,370 |  |  |  | — |
Corporate bonds |  |  | 5,507 |  |  |  | — |  |  |  | 5,507 |  |  |  | — |
Total securities available for sale |  | $ | 38,047 |  |  | $ | — |  |  | $ | 38,047 |  |  | $ | — |
Summary of other real estate owned measured at fair value on a nonrecurring basis | The following table summarizes the Company’s other real estate owned that were measured at fair value on a nonrecurring basis during the period.
|  | September 30, 2019 |
(In thousands) |  | Total |  |  | Level 1 |  |  | Level 2 |  |  | Level 3 |
Other real estate owned |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |
|  | December 31, 2018 |
(In thousands) |  | Total |  |  | Level 1 |  |  | Level 2 |  |  | Level 3 |
Other real estate owned |  | $ | 134 |  |  | $ | — |  |  | $ | — |  |  | $ | 134 |
Summary of other real estate owned measured On nonrecurring basis valuation techniques |
|  | Fair Value At September 30, 2019 |  |  | Valuation Technique |  |  | Significant Unobservable Inputs |  |  | Range
Other real estate owned |  | $ | — |  |  |  | Discounted appraised value |  |  |  | Discounted for selling costs |  |  | N/A
|  | Fair Value At December 31, 2018 |  |  | Valuation Technique |  |  | Significant Unobservable Inputs |  |  | Range
Other real estate owned |  | $ | 134 |  |  |  | Discounted appraised value |  |  |  | Discounted for selling costs |  |  | 15%-35%

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- Definition Tabular disclosure of assets and liabilities by class, including financial instruments measured at fair value that are classified in shareholders' equity, if any, that are measured at fair value on a nonrecurring basis in periods after initial recognition (for example, impaired assets). Disclosures may include, but are not limited to: (a) the fair value measurements recorded and the reasons for the measurements and (b) the level within the fair value hierarchy in which the fair value measurements are categorized in their entirety (levels 1, 2, 3). + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=117815213&loc=d3e19207-110258 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (bbb) -URI http://asc.fasb.org/extlink&oid=117815213&loc=d3e19207-110258 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=117815213&loc=d3e19207-110258 + Details
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- Definition Tabular disclosure of input and valuation technique used to measure fair value and change in valuation approach and technique used to measure similar asset in prior period by class of asset or liability on non-recurring basis. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (bbb) -URI http://asc.fasb.org/extlink&oid=117815213&loc=d3e19207-110258 + Details
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- Definition Tabular disclosure of assets, including [financial] instruments measured at fair value that are classified in stockholders' equity, if any, by class that are measured at fair value on a recurring basis. The disclosures contemplated herein include the fair value measurements at the reporting date by the level within the fair value hierarchy in which the fair value measurements in their entirety fall, segregating fair value measurements using quoted prices in active markets for identical assets (Level 1), significant other observable inputs (Level 2), and significant unobservable inputs (Level 3). + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=117815213&loc=d3e19207-110258 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=117815213&loc=d3e19207-110258 + Details
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