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Fair Value of Financial Instruments
 9 Months Ended
Sep. 30, 2015
Fair Value Disclosures [Abstract]  
Fair Value of Financial Instruments
(7) Fair Value of Financial Instruments.  The estimated fair values and fair value measurement method with respect to the Company’s financial instruments were as follows (in thousands):

 

   At September 30, 2015  At December 31, 2014
   Carrying
Amount		  Fair
Value		 

 

Level

  Carrying
Amount		  Fair
Value		 

 

Level

                   
Financial assets:                              
Cash and cash equivalents  $8,280   $8,280    1   $12,074   $12,074    1 
Securities available for sale   25,654    25,654    2    26,748    26,748    2 
Loans   77,050    76,977    3    75,829    75,621    3 
Federal Home Loan Bank stock   870    870    3    1,229    1,229    3 
Accrued interest receivable   445    445    3    426    426    3 
                               
Financial liabilities:                              
Deposit liabilities   92,804    93,067    3    91,603    91,849    3 
Federal Home Loan Bank advances   16,000    16,012    3    22,740    22,744    3 
Junior subordinated debenture   5,155    NA(1)   3    5,155    NA(1)   3 
Off-balance sheet financial instruments   —      —      3    —      —      3 

___________

(1) The Company is unable to determine value based on the significant unobservable inputs required in the calculation. Refer to Note 9 for further information.

  Discussion regarding the assumptions used to compute the estimated fair values of financial instruments can be found in Note 1 to the consolidated financial statements included in the Company’s annual report on Form 10-K for the year ended December 31, 2014.