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Fair Value (Tables) | 12 Months Ended
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Dec. 31, 2019
Fair Value Disclosures [Abstract] |
Schedule of assets carried at fair value on a recurring basis |
|  |  |  |  | Quoted Prices in |  |  |  |  |  |
|  |  |  |  | Active Markets |  | Significant |  | Significant
|  |  |  |  | for Identical |  | Observable |  | Unobservable
|  | Balance |  | Assets (Level 1) |  | Inputs (Level 2) |  | Inputs (Level 3)
|  | December 31, 2019
U.S. government agency mortgage-backed securities-residential |  | $ | 98,478 |  | $ | — |  | $ | 98,478 |  | $ | —
U.S. government agency securities |  |  | 12,076 |  |  | — |  |  | 12,076 |  |  | —
Municipal securities |  |  | 1,396 |  |  | — |  |  | 1,216 |  |  | 180
Corporate Bonds |  |  | 2,273 |  |  | — |  |  | 2,273 |  |  | —
Other |  |  | 609 |  |  | — |  |  | 609 |  |  | —
Total |  | $ | 114,832 |  | $ | — |  | $ | 114,652 |  | $ | 180
|  | December 31, 2018
U.S. Treasury securities |  | $ | 2,971 |  | $ | 2,971 |  | $ | — |  | $ | —
U.S. government agency mortgage-backed securities – residential |  |  | 80,216 |  |  | — |  |  | 80,216 |  |  | —
U.S. government agency securities |  |  | 16,468 |  |  | — |  |  | 16,468 |  |  | —
Municipal securities |  |  | 1,232 |  |  | — |  |  | 1,032 |  |  | 200
Other |  |  | 425 |  |  | — |  |  | 425 |  |  | —
Total |  | $ | 101,312 |  | $ | 2,971 |  | $ | 98,141 |  | $ | 200
Schedule of assets carried at fair value and measured at fair value on a nonrecurring basis |
|  |  |  |  | Quoted Prices in |  |  |  |  |  |
|  |  |  |  | Active Markets |  | Significant |  | Significant
|  |  |  |  | for Identical |  | Observable |  | Unobservable
|  | Balance |  | Assets (Level 1) |  | Inputs (Level 2) |  | Inputs (Level 3)
|  | December 31, 2019
Impaired loans, with specific reserves |  | $ | 239 |  | $ | — |  | $ | — |  | $ | 239
Other real estate owned |  |  | 1,417 |  |  | — |  |  | — |  |  | 1,417
Total |  | $ | 1,656 |  | $ | — |  | $ | — |  | $ | 1,656
|  | December 31, 2018
Impaired loans |  | $ | 128 |  | $ | — |  | $ | — |  | $ | 128
Other real estate owned |  |  | 935 |  |  | — |  |  | — |  |  | 935
Total |  | $ | 1,063 |  | $ | — |  | $ | — |  | $ | 1,063
Schedule of additional quantitative information about assets measured at fair value on a nonrecurring basis |
|  | Quantitative Information About Level 3 Fair Value Measurements
|  | Fair Value |  | Valuation |  | Unobservable |  | Range
|  | Estimate |  | Techniques |  | Input |  | (Weighted Average)
|  | December 31, 2019
Impaired loans |  | $ | 239 |  | Appraisal of collateral | (1) | Appraisal adjustments | (2) | 0% to 20%
Other real estate owned |  |  | 1,417 |  | Appraisal of collateral | (1) | Liquidation expenses | (3) | 0% to 6%
|  |  |  |  |  |  | Appraisal adjustments | (2) | 0% to 20%
December 31, 2018 |  |  |  |  |  |  |  |  |
|  | December 31, 2018
Impaired loans |  | $ | 128 |  | Appraisal of collateral | (1) | Appraisal adjustments | (2) | 0% to 20%
Other real estate owned |  |  | 935 |  | Appraisal of collateral | (1) | Liquidation expenses | (3) | 0% to 6%
|  |  |  |  |  |  | Appraisal adjustments | (2) | 0% to 20%
| (1) |  | Fair value is generally through independent appraisals of the underlying collateral that generally include various level 3 inputs which are not identifiable.
| (2) |  | Appraisals may be adjusted by management for qualitative factors such as economic conditions and estimated liquidation expenses. The range of liquidation expenses and other appraisal adjustments are presented as a percent of the appraised value.
| (3) |  | Estimated costs to sell.
Schedule of carrying value and fair values of the financial instruments |
|  | December 31, 2019 |  | December 31, 2018
|  | Carrying Value |  | Fair Value |  | Carrying Value |  | Fair Value
Financial Assets: |  |  |  |  |  |  |  |  |  |  |  |
Cash and due from banks (Level 1) |  | $ | 11,978 |  | $ | 11,978 |  | $ | 50,590 |  | $ | 50,590
Available for sale securities (Level 2) |  |  | 114,832 |  |  | 114,832 |  |  | 101,312 |  |  | 101,312
FHLB stock (Level 2) |  |  | 3,435 |  |  | 3,435 |  |  | 1,883 |  |  | 1,883
Loans, net (Level 3) |  |  | 793,471 |  |  | 796,262 |  |  | 678,402 |  |  | 667,641
Accrued interest receivable (Level 2) |  |  | 2,903 |  |  | 2,903 |  |  | 2,523 |  |  | 2,523
Mortgage servicing rights (Level 3) |  |  | 2,226 |  |  | 4,137 |  |  | 2,278 |  |  | 4,667
Financial Liabilities: |  |  |  |  |  |  |  |  |  |  |  |
Deposits (Level 2) |  |  | 773,343 |  |  | 762,272 |  |  | 684,418 |  |  | 637,863
Mortgagors escrow accounts (Level 2) |  |  | 8,106 |  |  | 8,107 |  |  | 7,725 |  |  | 7,723
FHLB advances (Level 2) |  |  | 66,304 |  |  | 66,724 |  |  | 31,598 |  |  | 31,561
Subordinated debt and other borrowings (Level 2) |  |  | 5,155 |  |  | 5,155 |  |  | 10,155 |  |  | 10,155

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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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- 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 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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