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Fair Value (Tables) | 9 Months Ended
--- | ---
Sep. 30, 2018
Fair Value |
Summary of assets measured at fair value on a recurring basis |
|  | Fair Value Measurement
|  | Quoted Prices |  |  |  |  |  |
|  | in Active |  | Significant |  |  |  |
|  | Markets for |  | Other |  | Significant |  |
|  | Identical |  | Observable |  | Unobservable |  |
|  | Assets |  | Inputs |  | Inputs |  |
|  | (Level 1) |  | (Level 2) |  | (Level 3) |  | Total
|  | (In thousands)
At September 30, 2018: |  |  |  |  |  |  |  |  |  |  |  |
Securities available-for-sale –federal agency mortgage-backed |  | $ | — |  | $ | 9,992 |  | $ | — |  | $ | 9,992
Securities available-for-sale – federal agency debt |  |  | 1,972 |  |  | 3,279 |  |  | — |  |  | 5,251
At December 31, 2017: |  |  |  |  |  |  |  |  |  |  |  |
Securities available-for-sale – federal agency mortgage-backed |  | $ | — |  | $ | 12,008 |  | $ | — |  | $ | 12,008
Securities available-for-sale – federal agency debt |  |  | 1,976 |  |  | 3,510 |  |  | — |  |  | 5,486
Schedule of carrying values of assets measured at fair value on non-recurring basis |
|  | September 30, 2018 |  | December 31, 2017
|  | (In thousands)
Impaired loans carried at fair value of collateral |  | $ | 631 |  | $ | 742
Real estate owned |  |  | 833 |  |  | 878
Schedule of losses recognized on assets measured at fair value on non-recurring basis |
|  | Three Months Ended |  | Nine Months Ended
|  | September 30, |  | September 30,
|  | 2018 |  | 2017 |  | 2018 |  | 2017
|  | (In thousands)
Impaired loans carried at fair value of collateral |  | $ | — |  | $ | — |  | $ | — |  | $ | —
Real estate owned – church |  |  | 45 |  |  | — |  |  | 45 |  |  | —
Total |  | $ | 45 |  | $ | — |  | $ | 45 |  | $ | —
Schedule of valuation methodology and unobservable inputs for Level 3 assets measured at fair value on a nonrecurring basis |
|  | Valuation |  |  |  |  |  | Weighted
|  | Technique(s) |  | Unobservable Input(s) |  | Range |  | Average
September 30, 2018: |  |  |  |  |  |  |  |
Impaired loans |  | Third Party |  | Adjustment for differences |  |  |  |
|  | Appraisals |  | between the comparable sales |  | -3% to -1% |  | -2.67%
Real estate owned – church |  | Third Party |  | Adjustment for differences |  |  |  |
|  | Appraisals |  | between the comparable sales |  | -11% |  | -10.85%
December 31, 2017: |  |  |  |  |  |  |  |
Impaired loans |  | Third Party |  | Adjustment for differences |  |  |  |
|  | Appraisals |  | between the comparable sales |  | -16% to 7% |  | -4%
Real estate owned – church |  | Third Party |  | Adjustment for differences |  |  |  |
|  | Appraisals |  | between the comparable sales |  | -6% |  | -6%
Schedule of carrying amount, fair values and placement in the fair value hierarchy of financial instruments |
|  |  |  | Fair Value Measurements at September 30, 2018
|  | Carrying |  |  |  |  |  |  |  |
|  | Value |  | Level 1 |  | Level 2 |  | Level 3 |  | Total
|  | (In thousands)
Financial Assets: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Loans receivable held for sale |  | $ | 19,087 |  | $ | — |  | $ | 19,217 |  | $ | — |  | $ | 19,217
Loans receivable held for investment |  |  | 358,455 |  |  | — |  |  | — |  |  | 352,475 |  |  | 352,475
Financial Liabilities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Time Deposits |  | $ | 168,556 |  | $ | — |  | $ | 167,453 |  | $ | — |  | $ | 167,453
Federal Home Loan Bank advances |  |  | 82,000 |  |  | — |  |  | 81,370 |  |  | — |  |  | 81,370
Junior subordinated debentures |  |  | 5,100 |  |  | — |  |  | — |  |  | 4,503 |  |  | 4,503
|  |  |  | Fair Value Measurements at December 31, 2017
|  | Carrying |  |  |  |  |  |  |  |
|  | Value |  | Level 1 |  | Level 2 |  | Level 3 |  | Total
|  | (In thousands)
Financial Assets: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Loans receivable held for sale |  | $ | 22,370 |  | $ | — |  | $ | 22,626 |  | $ | — |  | $ | 22,626
Loans receivable held for investment |  |  | 334,851 |  |  | — |  |  | — |  |  | 333,231 |  |  | 333,231
Financial Liabilities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Time Deposits |  | $ | 150,789 |  | $ | — |  | $ | 150,240 |  | $ | — |  | $ | 150,240
Federal Home Loan Bank advances |  |  | 65,000 |  |  | — |  |  | 64,887 |  |  | — |  |  | 64,887
Junior subordinated debentures |  |  | 5,100 |  |  | — |  |  | — |  |  | 4,503 |  |  | 4,503

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- Definition Tabular disclosure of the amount of gains or losses recognized during the period, have arisen from the use of significant unobservable inputs (level 3) to measure the fair value of assets, liabilities, and financial instruments classified in shareholders' equity, on a non-recurring basis. + References No definition available. + Details
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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=66048111&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 2 -Subparagraph (bbb) -URI http://asc.fasb.org/extlink&oid=66048111&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=66048111&loc=d3e19190-110258 Reference 3: 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=66048111&loc=d3e19207-110258 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=66048111&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://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=66048111&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=66048111&loc=d3e19190-110258 Reference 3: 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=66048111&loc=d3e19207-110258 + 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=77997519&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=66048111&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=77997519&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=75026489&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=75031198&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=77997519&loc=d3e13433-108611 + Details
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