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Fair Value (Tables) | 3 Months Ended
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Mar. 31, 2016
Fair Value |
Summary of assets measured at fair value on recurring basis |
|  | Fair Value Measurements at March 31, 2016 |
|  | Quoted Prices in Active Markets for Identical Assets (Level 1) |  | Significant Other Observable Inputs (Level 2) |  | Significant Unobservable Inputs (Level 3) |  | Total |
|  | (In thousands) |
Assets: |  |  |  |  |  |  |  |  |
Securities available-for-sale - residential mortgage-backed |  | $ | - |  | $ | 13,201 |  | $ | - |  | $ | 13,201 |
Securities available-for-sale - U.S. Government and federal agency |  | 2,008 |  | - |  | - |  | 2,008 |
|  | Fair Value Measurements at December 31, 2015 |
|  | Quoted Prices in Active Markets for Identical Assets (Level 1) |  | Significant Other Observable Inputs (Level 2) |  | Significant Unobservable Inputs (Level 3) |  | Total |
|  | (In thousands) |
Assets: |  |  |  |  |  |  |  |  |
Securities available-for-sale - residential mortgage-backed |  | $ | - |  | $ | 12,167 |  | $ | - |  | $ | 12,167 |
Securities available-for-sale - U.S. Government and federal agency |  | 1,973 |  | - |  | - |  | 1,973 |
Schedule of carrying values of assets measured at fair value on non-recurring basis |
|  | March 31, 2016 |  | December 31, 2015 |
|  | (In thousands) |
Impaired loans carried at fair value of collateral |  | $ 2,456 |  | $ 2,557 |
Real estate owned |  | - |  | 360 |
Schedule of valuation methodology and unobservable inputs for Level 3 assets measured at fair value on a nonrecurring basis | The following table presents the valuation methodology and unobservable inputs for Level 3 assets measured at fair value on a nonrecurring basis as of March 31, 2016:
|  | Valuation Technique(s) |  | Unobservable Input(s) |  | Range |  | Weighted Average |
Impaired loans |  | Third Party Appraisals |  | Adjustment for differences between the comparable sales |  | -18% to 13% |  | 0% |
Schedule of carrying amounts and estimated fair values of financial instruments |
|  |  |  | Fair Value Measurements at March 31, 2016 |
|  | Carrying Value |  | Level 1 |  | Level 2 |  | Level 3 |  | Total |
|  | (In thousands) |
Financial Assets: |  |  |  |  |  |  |  |  |  |  |
Cash and cash equivalents |  | $ | 35,991 |  | $ | 35,991 |  | $ | - |  | $ | - |  | $ | 35,991 |
Securities available-for-sale |  | 15,209 |  | 2,008 |  | 13,201 |  | - |  | 15,209 |
Loans receivable held for investment |  | 319,881 |  | - |  | - |  | 327,441 |  | 327,441 |
Accrued interest receivable |  | 1,091 |  | 63 |  | 34 |  | 994 |  | 1,091 |
Federal Home Loan Bank stock |  | 2,573 |  | 2,573 |  | - |  | - |  | 2,573 |
Financial Liabilities: |  |  |  |  |  |  |  |  |  |  |
Deposits |  | $ | 257,409 |  | $ | - |  | $ | 252,816 |  | $ | - |  | $ | 252,816 |
Federal Home Loan Bank advances |  | 72,000 |  | - |  | 73,728 |  | - |  | 73,728 |
Junior subordinated debentures |  | 5,100 |  | - |  | - |  | 3,164 |  | 3,164 |
Accrued interest payable |  | 54 |  | - |  | 48 |  | 6 |  | 54 |
|  |  |  | Fair Value Measurements at December 31, 2015 |
|  | Carrying Value |  | Level 1 |  | Level 2 |  | Level 3 |  | Total |
|  | (In thousands) |
Financial Assets: |  |  |  |  |  |  |  |  |  |  |
Cash and cash equivalents |  | $ | 67,839 |  | $ | 67,839 |  | $ | - |  | $ | - |  | $ | 67,839 |
Securities available-for-sale |  | 14,140 |  | 1,973 |  | 12,167 |  | - |  | 14,140 |
Loans receivable held for investment |  | 304,171 |  | - |  | - |  | 306,643 |  | 306,643 |
Accrued interest receivable |  | 1,077 |  | 63 |  | 31 |  | 983 |  | 1,077 |
Federal Home Loan Bank stock |  | 2,573 |  | 2,573 |  | - |  | - |  | 2,573 |
Financial Liabilities: |  |  |  |  |  |  |  |  |  |  |
Deposits |  | $ | 272,614 |  | $ | - |  | $ | 265,495 |  | $ | - |  | $ | 265,495 |
Federal Home Loan Bank advances |  | 72,000 |  | - |  | 73,441 |  | - |  | 73,441 |
Junior subordinated debentures |  | 5,100 |  | - |  | - |  | 3,117 |  | 3,117 |
Accrued interest payable |  | 52 |  | - |  | 46 |  | 6 |  | 52 |

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- Definition Tabular disclosure of the inputs and valuation techniques used to measure fair value, and a discussion of changes in valuation techniques and related inputs, if any, applied during the period to each separate class of assets, liabilities, and financial instruments classified in shareholders' equity that are measured on a recurring and/or nonrecurring basis. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (bbb) -URI http://asc.fasb.org/extlink&oid=36462937&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://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 5 -URI http://asc.fasb.org/extlink&oid=36462937&loc=d3e19296-110258 + 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://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (a),(b) -URI http://asc.fasb.org/extlink&oid=36462937&loc=d3e19207-110258 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=36462937&loc=d3e19190-110258 + Details
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- Definition Tabular disclosure of the fair value of financial instruments, including financial assets and financial liabilities, and the measurements of those instruments, assets, and liabilities. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 825 -SubTopic 10 -Section 50 -Paragraph 12 -URI http://asc.fasb.org/extlink&oid=49121117&loc=d3e13476-108611 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=36462937&loc=d3e19207-110258 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 825 -SubTopic 10 -Section 50 -Paragraph 11 -URI http://asc.fasb.org/extlink&oid=49121117&loc=d3e13467-108611 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 825 -SubTopic 10 -Section 45 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=6447952&loc=d3e13220-108610 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 825 -SubTopic 10 -Section 50 -Paragraph 30 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=6957238&loc=d3e14172-108612 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 825 -SubTopic 10 -Section 50 -Paragraph 10 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=49121117&loc=d3e13433-108611 + Details
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