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Fair Value Measurements (Tables) | 9 Months Ended
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Sep. 30, 2020
Fair Value Measurements [Abstract] |
Schedule of Financial Instruments Measured at Fair Value on a Recurring Basis |
| Fair Value Measurements at Reporting Date Using
|  |  |  |  |  |  | Significant |  | Significant
|  |  |  |  |  |  | Other Observable |  | Unobservable
|  |  |  |  |  |  | Inputs |  | Inputs
(In thousands) | Total |  | Level 1 |  | Level 2 |  | Level 3
September 30, 2020 |  |  |  |  |  |  |  |  |  |  |
State and municipal securities | $ | 10,830 |  | $ | — |  | $ | 10,830 |  | $ | —
Asset-backed securities |  | 5,025 |  |  | — |  |  | 5,025 |  |  | —
Mortgage-backed securities |  | 18,566 |  |  | — |  |  | 18,566 |  |  | —
Totals | $ | 34,421 |  | $ | — |  | $ | 34,421 |  | $ | —
December 31, 2019 |  |  |  |  |  |  |  |  |  |  |
State and municipal securities | $ | 11,206 |  | $ | — |  | $ | 11,206 |  | $ | —
Asset-backed securities |  | 5,500 |  |  | — |  |  | 5,500 |  |  | —
Mortgage-backed securities |  | 25,084 |  |  | — |  |  | 25,084 |  |  | —
Totals | $ | 41,790 |  | $ | — |  | $ | 41,790 |  | $ | —
Schedule of Assets Measured at Fair Value on a Nonrecurring Basis |
| Fair Value Measurements at Reporting Date Using:
|  |  |  | Quoted Prices in |  | Significant |  | Significant
|  |  |  | Active Markets for |  | Other Observable |  | Unobservable
|  |  |  | Identical Assets |  | Inputs |  | Inputs
(In thousands) | Total |  | Level 1 |  | Level 2 |  | Level 3
September 30, 2020 |  |  |  |  |  |  |  |  |  |  |
Impaired loans |  |  |  |  |  |  |  |  |  |  |
Commercial real estate | $ | 158 |  | $ | — |  | $ | — |  | $ | 158
Commercial |  | 3,751 |  |  | — |  |  | — |  |  | 3,751
Totals | $ | 3,909 |  | $ | — |  | $ | — |  | $ | 3,909
December 31, 2019 |  |  |  |  |  |  |  |  |  |  |
Impaired loans |  |  |  |  |  |  |  |  |  |  |
Commercial real estate | $ | 215 |  | $ | — |  | $ | — |  | $ | 215
Commercial |  | 1,805 |  |  | — |  |  | — |  |  | 1,805
Totals | $ | 2,020 |  | $ | — |  | $ | — |  | $ | 2,020
Schedule of Valuation Methodology and Unobservable Inputs for Level 3 Assets Measured at Fair Value on a Nonrecurring Basis |
(In thousands) | Fair Value |  | Valuation Technique |  | Unobservable Input |  | Range
September 30, 2020 |  |  |  |  |  |  |  |
Impaired loans |  |  |  |  |  |  |  |
Commercial real estate | $ | 158 |  | Real estate appraisals |  | Discount for dated appraisals |  | 6 - 10%
Commercial |  | 3,751 |  | Business valuation |  | Comparable company evaluations |  | —
December 31, 2019 |  |  |  |  |  |  |  |
Impaired loans |  |  |  |  |  |  |  |
Commercial real estate | $ | 215 |  | Real estate appraisals |  | Discount for dated appraisals |  | 6 - 10%
Commercial |  | 1,805 |  | Business valuation |  | Comparable company evaluations |  | —
Schedule of Carrying Amounts and Estimated Fair Values of Financial Instruments, Held or Issued for Purposes Other Than Trading |
| Carrying |  | Fair Value
(In thousands) | Amount |  | Level 1 |  | Level 2 |  | Level 3 |  | Total
September 30, 2020 |  |  |  |  |  |  |  |  |  |  |  |  |  |
Financial assets: |  |  |  |  |  |  |  |  |  |  |  |  |  |
Cash and cash equivalents | $ | 47,444 |  | $ | 47,444 |  | $ | — |  | $ | — |  | $ | 47,444
Available-for-sale debt securities |  | 34,421 |  |  | — |  |  | 34,421 |  |  | — |  |  | 34,421
Federal Home Loan Bank of Boston stock |  | 895 |  |  | N/A |  |  | N/A |  |  | N/A |  |  | N/A
Loans, net |  | 1,341,341 |  |  | — |  |  | — |  |  | 1,352,938 |  |  | 1,352,938
Accrued interest receivable |  | 6,118 |  |  | — |  |  | 6,118 |  |  | — |  |  | 6,118
Financial liabilities: |  |  |  |  |  |  |  |  |  |  |  |  |  |
Deposits |  | 1,168,234 |  |  | — |  |  | 1,168,962 |  |  | — |  |  | 1,168,962
Borrowings |  | 73,500 |  |  | — |  |  | 74,132 |  |  | — |  |  | 74,132
December 31, 2019 |  |  |  |  |  |  |  |  |  |  |  |  |  |
Financial assets: |  |  |  |  |  |  |  |  |  |  |  |  |  |
Cash and cash equivalents | $ | 59,658 |  | $ | 59,658 |  | $ | — |  | $ | — |  | $ | 59,658
Available-for-sale debt securities |  | 41,790 |  |  | — |  |  | 41,790 |  |  | — |  |  | 41,790
Federal Home Loan Bank of Boston stock |  | 1,416 |  |  | N/A |  |  | N/A |  |  | N/A |  |  | N/A
Loans, net |  | 959,286 |  |  | — |  |  | — |  |  | 958,270 |  |  | 958,270
Accrued interest receivable |  | 2,854 |  |  | — |  |  | 2,854 |  |  | — |  |  | 2,854
Financial liabilities: |  |  |  |  |  |  |  |  |  |  |  |  |  |
Deposits |  | 849,905 |  |  | — |  |  | 850,774 |  |  | — |  |  | 850,774
Borrowings |  | 24,998 |  |  | — |  |  | 25,351 |  |  | — |  |  | 25,351

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- Definition Tabular disclosure of input and valuation technique used to measure fair value and change in valuation approach and technique for each separate class of asset and liability measured on recurring and nonrecurring 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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