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Fair Value of Financial Instruments (Tables)
 3 Months Ended
Mar. 31, 2018
Investments, All Other Investments [Abstract]  
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, 2018   At December 31, 2017
    Carrying
Amount		     Fair
Value		     Level   Carrying
Amount		     Fair
Value		     Level
Financial assets:                                        
Cash and cash equivalents   $ 4,144     $ 4,144     1   $ 11,665     $ 11,665     1
Securities available for sale     10,990       10,990     2     11,437       11,437     2
Loans     69,100       68,976     3     68,220       68,079     3
Federal Home Loan Bank stock     979       979     3     979       979     3
Accrued interest receivable     284       284     3     316       316     3
                                         
Financial liabilities:                                        
Deposit liabilities     55,097       55,262     3     65,251       65,475     3
Federal Home Loan Bank advances     21,000       20,806     3     20,500       20,394     3
Junior subordinated debenture     5,155       N/A (1)    3     5,155       N/A (1)    3
Federal funds purchased     2,767       2,767     3     —       —     3
Off-balance sheet financial instruments     —       —     3     —       —     3

 

(1) The Company is unable to determine value based on significant unobservable inputs required in the calculation. Refer to Note 10 for further information.
Summary of Contractual Amounts of Financial Instruments

A summary of the contractual amounts of the Company’s financial instruments with off-balance-sheet risk at March 31, 2018 follows (in thousands):

 

Commitments to extend credit   $ 1,494  
         
Unused lines of credit   $ 1,313  
         
Standby letters of credit   $ -