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Fair Value (Tables) | 9 Months Ended
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Sep. 30, 2019
Fair Value Disclosures [Abstract] |
Schedule of Company's financial instruments measured at fair values | The following table sets forth the Company’s financial assets that were accounted for at fair value and are classified in their entirety based on the lowest level of input that is significant to the fair value measurement.
| Fair Value Measurements Using |  |
| Quoted Prices in Active Markets for Identical Assets (Level 1) |  | Significant Observable Inputs (Level 2) |  | Significant Unobservable Inputs (Level 3) |  | Fair Value
September 30, 2019 |  |  |  |  |  |  |
Securities: |  |  |  |  |  |  |
Certificates of deposit | $ | — |  |  | $ | 52,996 |  |  | $ | — |  |  | $ | 52,996 |
Municipal securities | — |  |  | 513 |  |  | — |  |  | 513 |
Mortgage-backed securities – residential | — |  |  | 8,780 |  |  | — |  |  | 8,780 |
Collateralized mortgage obligations – residential | — |  |  | 3,151 |  |  | — |  |  | 3,151 |
| $ | — |  |  | $ | 65,440 |  |  | $ | — |  |  | $ | 65,440 |
December 31, 2018 |  |  |  |  |  |  |
Securities: |  |  |  |  |  |  |
Certificates of deposit | $ | — |  |  | $ | 73,507 |  |  | $ | — |  |  | $ | 73,507 |
Municipal securities | — |  |  | 509 |  |  | — |  |  | 509 |
Mortgage-backed securities - residential | — |  |  | 10,478 |  |  | — |  |  | 10,478 |
Collateralized mortgage obligations – residential | — |  |  | 3,685 |  |  | — |  |  | 3,685 |
| $ | — |  |  | $ | 88,179 |  |  | $ | — |  |  | $ | 88,179 |
Schedule of Company's financial instruments measured on non recurring at fair values | The following table sets forth the Company’s assets that were measured at fair value on a non-recurring basis:
| Fair Value Measurement Using |  |
| Quoted Prices in Active Markets for Identical Assets (Level 1) |  | Significant Observable Inputs (Level 2) |  | Significant Unobservable Inputs (Level 3) |  | Fair Value
September 30, 2019 |  |  |  |  |  |  |
Other real estate owned - One-to-four family residential real estate | $ | — |  |  | $ | — |  |  | $ | 193 |  |  | $ | 193 |
December 31, 2018 |  |  |  |  |  |  |
Impaired loans - Nonresidential real estate | $ | — |  |  | $ | — |  |  | $ | 243 |  |  | $ | 243 |
Other real estate owned - Land | $ | — |  |  | $ | — |  |  | $ | 1 |  |  | $ | 1 |
Other investments (1) | $ | — |  |  | $ | — |  |  | $ | 3,427 |  |  | $ | 3,427 |
Schedule of fair value quantitative information | The following table presents quantitative information, based on certain empirical data with respect to Level 3 fair value measurements for financial instruments measured at fair value on a non-recurring basis at September 30, 2019 and December 31, 2018:
| Fair Value |  | Valuation Technique(s) |  | Significant Unobservable Input(s) |  | Range (Weighted Average)
September 30, 2019 |  |  |  |  |  |  |
Other real estate owned - One-to-four family residential real estate | $ | 193 |  |  | Sales comparison |  | Discount applied to valuation |  | 16.0%
December 31, 2018 |  |  |  |  |  |  |
Other real estate owned - Land | $ | 1 |  |  | Sales comparison |  | Discount applied to valuation |  | 12.3%
Carrying amount and estimated fair value of financial instruments | The carrying amount and estimated fair value of financial instruments are as follows:
|  |  | Fair Value Measurements at September 30, 2019 Using: |  |
| Carrying Amount |  | Level 1 |  | Level 2 |  | Level 3 |  | Total
Financial assets |  |  |  |  |  |  |  |  |
Cash and cash equivalents | $ | 140,793 |  |  | $ | 13,074 |  |  | $ | 127,719 |  |  | $ | — |  |  | $ | 140,793 |
Securities | 65,440 |  |  | — |  |  | 65,440 |  |  | — |  |  | 65,440 |
Loans receivable, net of allowance for loan losses | 1,213,948 |  |  | — |  |  | — |  |  | 1,222,391 |  |  | 1,222,391 |
FHLB and FRB stock | 7,490 |  |  | — |  |  | — |  |  | — |  |  | N/A |
Accrued interest receivable | 4,763 |  |  | — |  |  | 294 |  |  | 4,469 |  |  | 4,763 |
Financial liabilities |  |  |  |  |  |  |  |  |
Certificates of deposit | 419,273 |  |  | — |  |  | 420,287 |  |  | — |  |  | 420,287 |
Borrowings | 1,253 |  |  | — |  |  | 1,253 |  |  | — |  |  | 1,253 |
|  |  | Fair Value Measurements at December 31, 2018 Using: |  |
| Carrying Amount |  | Level 1 |  | Level 2 |  | Level 3 |  | Total
Financial assets |  |  |  |  |  |  |  |  |
Cash and cash equivalents | $ | 98,204 |  |  | $ | 13,805 |  |  | $ | 84,399 |  |  | $ | — |  |  | $ | 98,204 |
Securities | 88,179 |  |  | — |  |  | 88,179 |  |  | — |  |  | 88,179 |
Loans receivable, net of allowance for loan losses | 1,323,793 |  |  | — |  |  | — |  |  | 1,315,855 |  |  | 1,315,855 |
FHLB and FRB stock | 8,026 |  |  | — |  |  | — |  |  | — |  |  | N/A |
Accrued interest receivable | 4,952 |  |  | — |  |  | 249 |  |  | 4,703 |  |  | 4,952 |
Financial liabilities |  |  |  |  |  |  |  |  |
Certificates of deposit | 438,328 |  |  | — |  |  | 436,598 |  |  | — |  |  | 436,598 |
Borrowings | 21,049 |  |  | — |  |  | 21,050 |  |  | — |  |  | 21,050 |

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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=99377789&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=99377789&loc=d3e19207-110258 + Details
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- Definition Tabular disclosure of assets and liabilities, including [financial] instruments measured at fair value that are classified in stockholders' equity, if any, 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 1 -URI http://asc.fasb.org/extlink&oid=99377789&loc=d3e19190-110258 + Details
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