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Financial Instruments | 12 Months Ended
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Dec. 31, 2015
Fair Value Disclosures [Abstract] |
Financial Instruments | (8) Financial Instruments The estimated fair values of the Company’s financial instruments were as follows (in thousands):
|  | At December 31, 2015 |  | At December 31, 2014 |
|  | Carrying Amount |  | Fair Value |  | Carrying Amount |  | Fair Value |
Financial assets: |  |  |  |  |  |  |  |  |  |  |  |  |
Cash and cash equivalents |  | $ | 10,365 |  | $ | 10,365 |  | $ | 12,074 |  | $ | 12,074 |
Securities available for sale |  |  | 25,749 |  |  | 25,749 |  |  | 26,748 |  |  | 26,748 |
Loans |  |  | 82,573 |  |  | 82,429 |  |  | 75,829 |  |  | 75,621 |
Federal Home Loan Bank stock |  |  | 966 |  |  | 966 |  |  | 1,229 |  |  | 1,229 |
Accrued interest receivable |  |  | 462 |  |  | 462 |  |  | 426 |  |  | 426 |
Financial liabilities: |  |  |  |  |  |  |  |  |  |  |  |  |
Deposit liabilities |  |  | 97,571 |  |  | 97,837 |  |  | 91,603 |  |  | 91,849 |
Federal Home Loan Bank advances |  |  | 20,000 |  |  | 20,000 |  |  | 22,740 |  |  | 22,744 |
Junior subordinated debenture |  |  | 5,155 |  |  | N/A | (1) |  | 5,155 |  |  | N/A | (1)
Off-balance sheet financial instruments |  |  | — |  |  | — |  |  | — |  |  | — |
| (1) | The Company is unable to determine value based on significant unobservable inputs required in the calculation. Refer to Note 7 for further information.
The Company is party to financial instruments with off-balance-sheet risk in the normal course of business to meet the financing needs of its customers. These financial instruments are commitments to extend credit and may involve, to varying degrees, elements of credit and interest-rate risk in excess of the amount recognized in the consolidated balance sheet. The contract amounts of these instruments reflect the extent of involvement the Company has in these financial instruments. The Company’s exposure to credit loss in the event of nonperformance by the other party to the financial instrument for commitments to extend credit is represented by the contractual amount of those instruments. The Company uses the same credit policies in making commitments as it does for on-balance-sheet instruments. Commitments to extend credit are agreements to lend to a customer as long as there is no violation of any condition established in the contract. Commitments generally have fixed expiration dates or other termination clauses and may require payment of a fee. Because some of the commitments are expected to expire without being drawn upon, the total commitment amounts do not necessarily represent future cash requirements. The Company evaluates each customer’s credit worthiness on a case-by-case basis. The amount of collateral obtained, if deemed necessary by the Company, upon extension of credit, is based on management’s credit evaluation of the counterparty. As of December 31, 2015, commitments to extend credit totaled $4.3 million.

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- Definition The entire disclosure for financial instruments. This disclosure includes, but is not limited to, fair value measurements of short and long term marketable securities, international currencies forward contracts, and auction rate securities. Financial instruments may include hedging and non-hedging currency exchange instruments, derivatives, securitizations and securities available for sale at fair value. Also included are investment results, realized and unrealized gains and losses as well as impairments and risk management disclosures. + References No definition available. + Details
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