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Financial Instruments (Tables)
 12 Months Ended
Dec. 31, 2015
Fair Value Disclosures [Abstract]  
Schedule of estimated fair value of 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.