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Fair Value (Tables) | 12 Months Ended
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Dec. 31, 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 December 31, 2018: |  |  |  |  |  |  |  |  |  |  |  |
Securities available-for-sale – federal agency mortgage-backed |  | $ | — |  | $ | 9,508 |  | $ | — |  | $ | 9,508
Securities available-for-sale – federal agency debt |  |  | 1,979 |  |  | 3,235 |  |  | — |  |  | 5,214
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 |
|  | December 31, 2018 |  | December 31, 2017
|  | (In thousands)
Impaired loans carried at fair value of collateral |  | $ | 591 |  | $ | 742
Real estate owned |  |  | 833 |  |  | 878
Schedule of losses recognized on assets measured at fair value on non-recurring basis |
|  | For the year ended December 31,
|  | 2018 |  |  | 2017
|  | (In thousands)
Impaired loans carried at fair value of collateral |  | $ | — |  | $ | —
Real estate owned |  |  | 45 |  |  | 80
Total |  | $ | 45 |  | $ | 80
Schedule of valuation methodology and unobservable inputs for Level 3 assets measured at fair value on a nonrecurring basis |
|  |  |  |  |  |  |  | Weighted
|  | Valuation Technique(s) |  | Unobservable Input(s) |  | Range |  | Average
December 31, 2018: |  |  |  |  |  |  |  |
Impaired loans |  | Third Party Appraisals |  | Adjustment for differences between the comparable sales |  | -3% to -1% |  | -2.83%
Real estate owned – church |  | Third Party Appraisals |  | Adjustment for differences between the comparable sales |  | -11% |  | -10.85%
December 31, 2017: |  |  |  |  |  |  |  |
Impaired loans |  | Third Party Appraisals |  | Adjustment for differences between the comparable sales |  | -16% to 7% |  | -4%
Real estate owned – church |  | Third Party Appraisals |  | Adjustment for differences between the comparable sales |  | -6% |  | -6%
Schedule of carrying amounts and estimated fair values of financial instruments |
|  |  |  |  | Fair Value Measurements at December 31, 2018
|  | Carrying Value |  | Level 1 |  | Level 2 |  | Level 3 |  | Total
|  |  | (In thousands)
Financial Assets: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Cash and cash equivalents |  | $ | 16,651 |  | $ | 16,651 |  | $ | — |  | $ | — |  | $ | 16,651
Securities available-for-sale |  |  | 14,722 |  |  | 1,979 |  |  | 12,743 |  |  | — |  |  | 14,722
Loans receivable held for sale |  |  | 6,231 |  |  | — |  |  | 6,270 |  |  | — |  |  | 6,270
Loans receivable held for investment (1) |  |  | 355,556 |  |  | — |  |  | — |  |  | 354,792 |  |  | 354,792
Accrued interest receivable |  |  | 1,143 |  |  | 78 |  |  | 43 |  |  | 1,022 |  |  | 1,143
Financial Liabilities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Deposits |  | $ | 281,414 |  | $ | — |  | $ | 269,418 |  | $ | — |  | $ | 269,418
Federal Home Loan Bank advances |  |  | 70,000 |  |  | — |  |  | 69,933 |  |  | — |  |  | 69,933
Junior subordinated debentures |  |  | 5,100 |  |  | — |  |  | — |  |  | 4,481 |  |  | 4,481
Accrued interest payable |  |  | 334 |  |  | — |  |  | 324 |  |  | 10 |  |  | 334
|  |  |  |  | Fair Value Measurements at December 31, 2017
|  | Carrying Value |  | Level 1 |  | Level 2 |  | Level 3 |  | Total
|  |  | (In thousands)
Financial Assets: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Cash and cash equivalents |  | $ | 22,219 |  | $ | 22,219 |  | $ | — |  | $ | — |  | $ | 22,219
Securities available-for-sale |  |  | 17,494 |  |  | 1,976 |  |  | 15,518 |  |  | — |  |  | 17,494
Loans receivable held for sale |  |  | 22,370 |  |  | — |  |  | 22,626 |  |  | — |  |  | 22,626
Loans receivable held for investment |  |  | 334,851 |  |  | — |  |  | — |  |  | 333,231 |  |  | 333,231
Accrued interest receivable |  |  | 1,073 |  |  | 58 |  |  | 91 |  |  | 924 |  |  | 1,073
Federal Home Loan Bank stock |  |  | 2,916 |  |  | 2,916 |  |  | — |  |  | — |  |  | 2,916
Financial Liabilities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Deposits |  | $ | 291,290 |  | $ | — |  | $ | 280,761 |  | $ | — |  | $ | 280,761
Federal Home Loan Bank advances |  |  | 65,000 |  |  | — |  |  | 64,887 |  |  | — |  |  | 64,887
Junior subordinated debentures |  |  | 5,100 |  |  | — |  |  | — |  |  | 4,503 |  |  | 4,503
Accrued interest payable |  |  | 304 |  |  | — |  |  | 296 |  |  | 8 |  |  | 304
| (1) |  | The estimated value of loans held for investment for December 31, 2018 reflects an exit price assumption. The December 31, 2017 fair value estimate is not based on an exit price assumption.

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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 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 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=99377789&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=99377789&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=99377789&loc=d3e19207-110258 Reference 4: 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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- 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=99377789&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 1 -URI http://asc.fasb.org/extlink&oid=99377789&loc=d3e19190-110258 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=99377789&loc=d3e19207-110258 + Details
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