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Fair Value of Financials Instruments (Tables)

12 Months Ended

Dec. 31, 2021

Fair Value Disclosures [Abstract]

Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis [Table Text Block]

The following table summarizes securities available for sale measured at fair value on a recurring basis, segregated by the level of the valuation inputs within the fair value hierarchy utilized to measure fair value:

(In thousands)		Level 1 Inputs				Level 2 Inputs				Level 3 Inputs				Total Fair Value
As of December 31, 2021
Securities available for sale:
U.S. government agencies		$	-			$	15,402			$	-			$	15,402
Mortgage-backed securities			-				1,754				-				1,754
As of December 31, 2020
Securities available for sale:
U.S. government agencies		$	-			$	14,949			$	-			$	14,949
Mortgage-backed securities			-				2,447				-				2,447

Fair Value, by Balance Sheet Grouping [Table Text Block]

Carrying amounts and estimated fair values of other financial instruments by level of valuation input were as follows:

		December 31, 2021
(In thousands)		Carrying Amount				Estimated Fair Value
Financial assets:
Level 1 inputs:
Cash and cash equivalents		$	45,992			$	45,992
Level 2 inputs:
Securities available for sale			17,156				17,156
Securities, restricted			2,432				2,432
Loans held for sale			33,762				37,549
Accrued interest receivable			2,268				3,787
Level 3 inputs:
Securities held to maturity			19,673				19,673
Securities not readily marketable			100				100
Loans, net			424,595				430,810
Servicing asset			503				503
Financial liabilities:
Level 1 inputs:
Non-interest bearing deposits			88,876				88,876
Level 2 inputs:
Interest bearing deposits			355,293				359,606
Borrowed funds			46,521				46,521
Accrued interest payable			561				561

		December 31, 2020
(In thousands)		Carrying Amount				Estimated Fair Value
Financial assets:
Level 1 inputs:
Cash and cash equivalents		$	46,868			$	46,868
Level 2 inputs:
Securities available for sale			17,396				17,396
Securities, restricted			2,431				2,431
Loans held for sale			14,864				16,462
Accrued interest receivable			2,440				2,440
Level 3 inputs:
Securities held to maturity			5,776				5,776
Securities not readily marketable			100				100
Loans, net			397,601				389,143
Servicing asset			809				809
Financial liabilities:
Level 1 inputs:
Non-interest bearing deposits			57,112				57,112
Level 2 inputs:
Interest bearing deposits			290,903				292,174
Borrowed funds			95,690				95,690
Accrued interest payable			596				596

X

- Definition

Tabular disclosure of the fair value of financial instruments, including financial assets and financial liabilities, and the measurements of those instruments, assets, and liabilities.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 825
-SubTopic 10
-Section 50
-Paragraph 11
-URI http://asc.fasb.org/extlink&oid=123594938&loc=d3e13467-108611

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 820
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=123874694&loc=d3e19207-110258

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- References

No definition available.

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X

- Definition

Tabular disclosure of assets and liabilities, including [financial] instruments measured at fair value that are classified in stockholders' equity, if any, that are measured at fair value on a recurring basis. The disclosures contemplated herein include the fair value measurements at the reporting date by the level within the fair value hierarchy in which the fair value measurements in their entirety fall, segregating fair value measurements using quoted prices in active markets for identical assets (Level 1), significant other observable inputs (Level 2), and significant unobservable inputs (Level 3).

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 820
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=123874694&loc=d3e19207-110258

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 820
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=123874694&loc=d3e19207-110258

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