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Value of Financial Instruments (Tables)
 3 Months Ended
Mar. 31, 2017
Value Of Financial Instruments Tables  
Schedule of estimated 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 March 31, 2017   At December 31, 2016 
   Carrying
Amount		   Fair
Value		   Level   Carrying
Amount		   Fair
Value		   Level 
Financial assets:                             
Cash and cash equivalents  $17,781   $17,781   1   $17,640   $17,640    1 
Securities available for sale   19,759    19,759   2    20,222    20,222    2 
Loans   75,532    75,424   3    76,999    76,829    3 
Federal Home Loan Bank stock   979    979   3    1,113    1,113    3 
Accrued interest receivable   382    382   3    380    380    3 
                              
Financial liabilities:                             
Deposit liabilities   86,993    87,356   3    86,009    86,364    3 
Federal Home Loan Bank advances   20,500    20,454   3    23,500    23,500    3 
Junior subordinated debenture   5,155    N/A(1)  3    5,155    N/A(1)   3 
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 10 for further information.