Stewardship Financial (SSFN) 10-Q 8 Aug 19 2019 Q2 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	6 Months Ended
	Jun. 30, 2019	Aug. 02, 2019
Document And Entity Information
Entity Registrant Name	STEWARDSHIP FINANCIAL CORP
Entity Central Index Key	0001023860
Document Type	10-Q
Document Period End Date	Jun. 30, 2019
Amendment Flag	false
Current Fiscal Year End Date	--12-31
Entity Reporting Status Current	Yes
Entity Filer Category	Accelerated Filer
Entity Small Business	true
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		8,714,222
Document Fiscal Period Focus	Q2
Document Fiscal Year Focus	2019

Consolidated Statements of Fina

Consolidated Statements of Financial Condition - USD ($) $ in Thousands	Jun. 30, 2019	Dec. 31, 2018
Assets
Cash and due from banks	$ 12,317	$ 16,340
Other interest-earning assets	293	483
Cash and cash equivalents	12,610	16,823
Securities available-for-sale	96,117	108,811
Securities held-to-maturity; estimated fair value of $62,446 (at June 30, 2019) and $60,997 (at December 31, 2018)	62,264	62,308
Other equity investments, at fair value	1,693	1,648
Federal Home Loan Bank of New York stock, at cost	4,091	3,965
Loans held for sale	469	0
Loans, net of allowance for loan losses of $8,404 (at June 30, 2019) and $7,926 (at December 31, 2018)	748,055	725,404
Premises and equipment, net	7,146	7,007
Accrued interest receivable	2,640	2,696
Right of use asset	2,917
Bank owned life insurance	21,908	21,636
Other assets	4,354	5,332
Total assets	964,264	955,630
Deposits:
Noninterest-bearing	182,971	174,717
Interest-bearing	598,974	607,374
Total deposits	781,945	782,091
Federal Home Loan Bank of New York advances	67,400	65,700
Subordinated Debentures and Subordinated Notes	23,415	23,382
Lease liability	3,043
Accrued interest payable	906	1,106
Accrued expenses and other liabilities	3,465	3,201
Total liabilities	880,174	875,480
Shareholders' equity
Common stock, no par value: 20,000,000 shares authorized at June 30, 2019 and December 31, 2018; 8,714,222 and 8,680,388 shares issued and outstanding at June 30, 2019 and December 31, 2018, respectively	61,338	61,030
Retained earnings	23,419	21,056
Accumulated other comprehensive loss, net	(667)	(1,936)
Total Shareholders' equity	84,090	80,150
Total liabilities and Shareholders' equity	$ 964,264	$ 955,630

Consolidated Statements of Fi_2

Consolidated Statements of Financial Condition (Parenthetical) - USD ($) $ in Thousands	Jun. 30, 2019	Dec. 31, 2018
Assets
Securities held to maturity	$ 62,446	$ 60,997
Allowance for loan losses	$ 8,404	$ 7,926
Shareholders' equity
Common stock, shares authorized (in shares)	20,000,000	20,000,000
Common stock, shares issued (in shares)	8,714,222	8,680,388
Common stock, shares outstanding (in shares)	8,714,222	8,680,388

Consolidated Statements of Inco

Consolidated Statements of Income - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018
Interest income:
Loans	$ 8,660	$ 7,770	$ 16,898	$ 15,288
Securities held-to-maturity:
Taxable	379	279	754	529
Nontaxable	17	23	36	56
Securities available-for-sale:
Taxable	613	637	1,284	1,230
Nontaxable	14	15	28	29
Other equity investments	11	26	23	51
FHLB dividends	59	58	119	122
Other interest-earning assets	19	60	31	102
Total interest income	9,772	8,868	19,173	17,407
Interest expense:
Deposits	1,844	1,269	3,552	2,334
FHLB-NY Borrowings	371	198	687	457
Subordinated Debentures and Subordinated Notes	393	393	786	785
Total interest expense	2,608	1,860	5,025	3,576
Net interest income before provision for loan losses	7,164	7,008	14,148	13,831
Provision for loan losses	330	(780)	395	(1,115)
Net interest income after provision for loan losses	6,834	7,788	13,753	14,946
Noninterest income:
Fees and service charges	572	551	1,134	1,058
Bank owned life insurance	138	138	273	276
Gain on calls and sales of securities, net	1	0	3	6
Gain on sales of mortgage loans	23	9	48	31
Gain on sales of SBA loans	71	59	112	59
Gain (loss) on equity investments	24	(29)	46	(103)
Miscellaneous	106	131	225	257
Total noninterest income	935	859	1,841	1,584
Noninterest expenses:
Salaries and employee benefits	3,102	3,129	6,239	6,238
Occupancy, net	417	403	866	845
Equipment	234	188	439	369
Data processing	515	478	1,018	962
Advertising	194	207	377	364
FDIC insurance premium	65	70	129	134
Charitable contributions	175	195	370	375
Bank-card related services	138	131	269	258
Merger-related expenses	291	0	291	0
Miscellaneous	655	703	1,380	1,387
Total noninterest expenses	5,786	5,504	11,378	10,932
Income before income tax expense	1,983	3,143	4,216	5,598
Income tax expense	530	842	1,116	1,489
Net income	$ 1,453	$ 2,301	$ 3,100	$ 4,109
Basic and diluted earnings per common share (in usd per share)	$ 0.17	$ 0.27	$ 0.36	$ 0.47
Weighted average number of basic and diluted common shares outstanding (in shares)	8,713,110	8,675,868	8,700,609	8,667,235

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Income - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018
Statement of Comprehensive Income [Abstract]
Net income	$ 1,453	$ 2,301	$ 3,100	$ 4,109
Other comprehensive income (loss), net of tax:
Change in unrealized holding gains (losses) on securities available-for-sale during the period	911	(359)	1,873	(1,352)
Reclassification adjustment for securities available-for-sale gains in net income	(1)	0	(2)	(4)
Accretion of loss on securities reclassified to held-to-maturity	3	4	5	13
Change in fair value of interest rate swap in a cash flow hedging relationship	(395)		(614)
Change in fair value of interest rate swap in a cash flow hedging relationship		53		211
Reclassification adjustment for interest rate swap interest expense in net income	5		7
Reclassification adjustment for interest rate swap interest expense in net income		2		11
Total other comprehensive income (loss)	523	(300)	1,269	(1,121)
Total comprehensive income	$ 1,976	$ 2,001	$ 4,369	$ 2,988

Consolidated Statement of Chang

Consolidated Statement of Changes in Shareholders' Equity - USD ($) $ in Thousands	Total	Common Stock	Retained Earnings	Accumulated Other Comprehensive Loss
Balance at the beginning (in shares) at Dec. 31, 2017		8,652,804
Balance at the beginning at Dec. 31, 2017	$ 73,665	$ 60,742	$ 14,307	$ (1,384)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Cash dividends declared on common stock	(260)		(260)
Payment of discount on dividend reinvestment plan	(1)	$ (1)
Common stock issued under dividend reinvestment plan (in shares)		2,062
Common stock issued under dividend reinvestment plan	22	$ 22
Common stock issued under stock plans (in shares)		1,638
Common stock issued under stock plans	16	$ 16
Issuance of restricted stock (in shares)		28,221
Issuance of restricted stock	0	$ 301	(301)
Compensation expense on restricted stock	48		48
Restricted stock forfeited (in shares)		(9,835)
Restricted stock forfeited	(105)	$ (105)
Net income	1,808		1,808
Other comprehensive income (loss)	(821)			(821)
Balance at the end (in shares) at Mar. 31, 2018		8,674,890
Balance at the end at Mar. 31, 2018	74,372	$ 60,975	15,439	(2,042)
Balance at the beginning (in shares) at Dec. 31, 2017		8,652,804
Balance at the beginning at Dec. 31, 2017	73,665	$ 60,742	14,307	(1,384)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	4,109
Other comprehensive income (loss)	(1,121)
Balance at the end (in shares) at Jun. 30, 2018		8,676,843
Balance at the end at Jun. 30, 2018	76,188	$ 60,996	17,534	(2,342)
Balance at the beginning (in shares) at Mar. 31, 2018		8,674,890
Balance at the beginning at Mar. 31, 2018	74,372	$ 60,975	15,439	(2,042)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Cash dividends declared on common stock	(260)		(260)
Payment of discount on dividend reinvestment plan	(1)	$ (1)
Common stock issued under dividend reinvestment plan (in shares)		1,934
Common stock issued under dividend reinvestment plan	22	$ 22
Common stock issued under stock plans (in shares)		19
Common stock issued under stock plans	0
Compensation expense on restricted stock	54		54
Net income	2,301		2,301
Other comprehensive income (loss)	(300)			(300)
Balance at the end (in shares) at Jun. 30, 2018		8,676,843
Balance at the end at Jun. 30, 2018	76,188	$ 60,996	17,534	(2,342)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Reclassification due to adoption of ASU 2016-01	$ 163
Balance at the beginning (in shares) at Dec. 31, 2018	8,680,388	8,680,388
Balance at the beginning at Dec. 31, 2018	$ 80,150	$ 61,030	21,056	(1,936)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Cash dividends declared on common stock	(260)		(260)
Payment of discount on dividend reinvestment plan	(1)	$ (1)
Common stock issued under dividend reinvestment plan (in shares)		2,475
Common stock issued under dividend reinvestment plan	21	$ 21
Common stock issued under stock plans (in shares)		1,593
Common stock issued under stock plans	14	$ 14
Issuance of restricted stock (in shares)		36,415
Issuance of restricted stock	0	$ 340	(340)
Compensation expense on restricted stock	57		57
Restricted stock forfeited (in shares)		(8,848)
Restricted stock forfeited	(83)	$ (83)
Net income	1,647		1,647
Other comprehensive income (loss)	746			746
Balance at the end (in shares) at Mar. 31, 2019		8,712,023
Balance at the end at Mar. 31, 2019	$ 82,291	$ 61,321	22,160	(1,190)
Balance at the beginning (in shares) at Dec. 31, 2018	8,680,388	8,680,388
Balance at the beginning at Dec. 31, 2018	$ 80,150	$ 61,030	21,056	(1,936)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	3,100
Other comprehensive income (loss)	$ 1,269
Balance at the end (in shares) at Jun. 30, 2019	8,714,222	8,714,222
Balance at the end at Jun. 30, 2019	$ 84,090	$ 61,338	23,419	(667)
Balance at the beginning (in shares) at Mar. 31, 2019		8,712,023
Balance at the beginning at Mar. 31, 2019	82,291	$ 61,321	22,160	(1,190)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Cash dividends declared on common stock	(262)		(262)
Payment of discount on dividend reinvestment plan	(1)	$ (1)
Common stock issued under dividend reinvestment plan (in shares)		2,453
Common stock issued under dividend reinvestment plan	20	$ 20
Common stock issued under stock plans	0
Compensation expense on restricted stock	68		68
Restricted stock forfeited (in shares)		(254)
Restricted stock forfeited	(2)	$ (2)
Net income	1,453		1,453
Other comprehensive income (loss)	$ 523			523
Balance at the end (in shares) at Jun. 30, 2019	8,714,222	8,714,222
Balance at the end at Jun. 30, 2019	$ 84,090	$ 61,338	$ 23,419	$ (667)

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018
Cash flows from operating activities:
Net income	$ 3,100	$ 4,109
Adjustments to reconcile net income to net cash provided by (used in) operating activities
Depreciation and amortization of premises and equipment	286	227
Amortization of premiums and accretion of discounts, net	212	244
Compensation expense on restricted stock, net of forfeitures	40	(3)
Amortization of subordinated debenture issuance costs	33	33
Accretion of deferred loan fees	47	67
Fair value adjustment for equity security	(46)	103
Provision for loan losses	395	(1,115)
Originations of mortgage loans held-for-sale	(3,143)	(2,771)
Proceeds from sale of mortgage loans	2,722	2,565
Gain on sales of mortgage loans	(48)	(31)
Gain on sale of SBA loans	(112)	(59)
Gain on calls and sales of securities	(3)	(6)
Deferred income tax expense (benefit)	(1,499)	173
Decrease in accrued interest receivable	56	99
Decrease in accrued interest payable	(200)	(5)
Earnings on bank owned life insurance	(273)	(276)
(Increase) decrease in other assets	1,729	(476)
Decrease in other liabilities	(219)	(310)
Net cash provided by operating activities	3,077	2,568
Cash flows from investing activities:
Purchase of securities available-for-sale	0	(14,191)
Proceeds from maturities and principal repayments on securities available-for-sale	6,976	7,827
Proceeds from sales and calls on securities available-for-sale	8,170	1,006
Purchase of securities held-to-maturity	(3,968)	(9,829)
Proceeds from maturities and principal repayments on securities held-to-maturity	2,374	3,485
Proceeds from calls on securities held-to-maturity	1,605	280
Purchase of equity securities	0	(42)
Purchase of FHLB-NY stock	(5,632)	(1,203)
Redemption of FHLB-NY stock	5,506	1,831
Net increase in loans	(22,981)	(9,643)
Additions to premises and equipment	(425)	(270)
Net cash used in investing activities	(8,375)	(20,749)
Cash flows from financing activities:
Net increase in noninterest-bearing deposits	8,254	15,482
Net increase (decrease) in interest-bearing deposits	(8,400)	12,480
Net increase in long term borrowings	25,000	0
Repayment of long term borrowings	(20,000)	(20,760)
Net increase (decrease) in short-term borrowings	(3,300)	3,700
Cash dividends paid on common stock	(522)	(520)
Payment of discount on dividend reinvestment plan	(2)	(2)
Issuance of common stock for cash	55	60
Net cash provided by financing activities	1,085	10,440
Net decrease in cash and cash equivalents	(4,213)	(7,741)
Cash and cash equivalents - beginning	16,823	21,270
Cash and cash equivalents - ending	12,610	13,529
Supplemental disclosures of cash flow information:
Cash paid during the period for interest	5,225	3,581
Cash paid during the period for income taxes	$ 512	$ 1,335

Summary of Significant Accounti

Summary of Significant Accounting Policies	6 Months Ended
	Jun. 30, 2019
Accounting Policies [Abstract]
Summary of Significant Accounting Policies	Summary of Significant Accounting Policies Certain information and note disclosures normally included in the unaudited consolidated financial statements prepared in accordance with U.S. generally accepted accounting principles (“GAAP”) have been omitted pursuant to the rules and regulations of the Securities and Exchange Commission (the “SEC”). These unaudited consolidated financial statements should be read in conjunction with the audited consolidated financial statements and notes thereto included in the Stewardship Financial Corporation Annual Report on Form 10-K for the fiscal year ended December 31, 2018 , filed with the SEC on March 15, 2019. The interim unaudited consolidated financial statements included herein have been prepared in accordance with instructions for Form 10-Q and the rules and regulations of the SEC and, therefore, do not include information or footnotes necessary for a complete presentation of consolidated financial condition, results of operations, and cash flows in conformity with GAAP. However, all adjustments, consisting only of normal recurring adjustments, which in the opinion of management are necessary for a fair presentation of the interim consolidated financial statements, have been included. The results of operations for the six months ended June 30, 2019 are not necessarily indicative of the results which may be expected for the entire year. Certain prior period amounts have been reclassified to conform with the current period presentation. Principles of consolidation The consolidated financial statements include the accounts of Stewardship Financial Corporation and its wholly-owned subsidiary, Atlantic Stewardship Bank (the “Bank”), together referred to as “the Corporation”. The Bank includes its wholly-owned subsidiaries, Stewardship Investment Corporation, Stewardship Realty LLC, Atlantic Stewardship Insurance Company, LLC and several other subsidiaries formed to hold title to properties acquired through foreclosure or deed in lieu of foreclosure. The Bank’s subsidiaries have an insignificant impact on the Bank’s daily operations. All intercompany accounts and transactions have been eliminated in the consolidated financial statements. The consolidated financial statements of the Corporation have been prepared in conformity with GAAP. In preparing the consolidated financial statements, management is required to make estimates and assumptions, based on available information, that affect the amounts reported in the consolidated financial statements and disclosures provided. Actual results could differ from those estimates and assumptions. Merger with Columbia Financial, Inc. As previously announced on June 6, 2019, the Corporation entered into an Agreement and Plan of Merger (the "Merger Agreement") with Columbia Financial, Inc. ("Columbia") and Broadway Acquisition Corp., a wholly owned subsidiary of Columbia, pursuant to which Broadway Acquisition Corp. will merge with and into the Corporation and, immediately thereafter, the Corporation will merge with and into Columbia (the "Merger") with Columbia being the surviving corporation. Immediately after the Merger, the Corporation’s wholly owned bank subsidiary, Atlantic Stewardship Bank, will merge with and into Columbia’s wholly owned bank subsidiary, Columbia Bank (the “Bank Merger”) with Columbia Bank being the surviving bank in the merger. On a pro forma basis at June 30, 2019, the consolidated entity would have approximately $7.9 billion in assets, $5.8 billion of loans and $5.5 billion of deposits. The Merger Agreement, the Merger and the Bank Merger have been approved by the boards of directors of the Corporation and Columbia and the transaction is expected to close in the fourth quarter of 2019 pending the receipt of all regulatory approvals, the approval of the Corporation’s shareholders, and the satisfaction of customary closing conditions. Under the terms of the Merger Agreement, cash consideration of $15.75 will be paid to the shareholders of the Corporation for each of their shares of the Corporation’s common stock. Material estimates Material estimates that are particularly susceptible to significant changes relate to the determination of the allowance for loan losses and deferred income taxes. Management believes the Corporation’s policies with respect to the methodology for the determination of the allowance for loan losses and the evaluation of deferred income taxes involves a higher degree of complexity and requires management to make difficult and subjective judgments, which often require assumptions or estimates about highly uncertain matters. Changes in these judgments, assumptions or estimates could materially impact results of operations. These critical policies and their application are periodically reviewed with the Audit Committee and the Board of Directors. Adoption of New Accounting Standards In February 2016, the Financial Accounting Standards Board ("FASB") issued Accounting Standards Update ("ASU") 2016-02, “Leases (Subtopic 842).” This ASU requires all lessees to recognize a lease liability and a right of use asset, measured at the present value of the future minimum lease payments, at the lease commencement date. Lessor accounting remains largely unchanged under the new guidance. The amendments in ASU 2016-02 are effective for fiscal years, including interim periods, beginning after December 15, 2018. Early adoption of ASU 2016-02 was permitted. Subsequently, the FASB issued the following standards related to ASU 2016-02: ASU 2017-13, "Revenue Recognition (Topic 605), Revenue from Contracts with Customers (Topic 606), Leases (Topic 840), and Leases (Topic 842): Amendments to SEC Paragraphs Pursuant to the Staff Announcement at the July 20, 2017 EITF Meeting and Rescission of Prior SEC Staff Announcements and Observer Comments," ASU 2018-1, "Leases (Topic 842): Land Easement Practical Expedient for Transition to Topic 842;" ASU 2018-10, "Codification Improvements to Topic 842, Leases," ASU 2018-11, "Leases (Topic 842): Targeted Improvements" and ASU 2019-01, "Leases (Topic 842): Codification Improvements". The Corporation adopted the modified retrospective approach under ASU 2018-11. The Corporation's adoption of the modified retrospective approach under ASU 2018-11 on January 1, 2019 resulted in the recording of a $3.4 million lease liability and a $3.3 million right of use asset on the Consolidated Statements of Financial Condition. In June 2016, the FASB issued ASU 2016-13, “Financial Instruments - Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments.” The main objective of this ASU is to provide financial statement users with more decision-useful information about the expected credit losses on financial instruments by a reporting entity at each reporting date. The amendments in this ASU require financial assets measured at amortized cost to be presented at the net amount expected to be collected. The allowance for credit losses would represent a valuation account that would be deducted from the amortized cost basis of the financial asset(s) to present the net carrying value at the amount expected to be collected on the financial asset. The income statement would reflect the measurement of credit losses for newly recognized financial assets, as well as the expected increases or decreases of expected credit losses that have taken place during the period. The measurement of expected credit losses would be based on relevant information about past events, including historical experience, current conditions, and reasonable and supportable forecasts that affect the collectability of the reported amount. An entity will be required to use judgment in determining the relevant information and estimation methods that are appropriate in its circumstances. The amendments in ASU 2016-13 are effective for fiscal years, including interim periods, beginning after December 15, 2019. Early adoption of this ASU is permitted for fiscal years beginning after December 15, 2018. Subsequently, the FASB issued the following standards related to ASU 2016-13: ASU 2019-04 "Codification Improvements to Topic 326, Financial Instruments - Credit Losses, Topic 815, Derivatives and Hedging, and Topic 825, Financial Instruments” and ASU 2019-05 "Financial Instruments - Credit Losses (Topic 326): Targeted Transition Relief.” The Corporation is currently evaluating the potential impact of ASU 2016-13 on the Corporation's consolidated financial statements. The Corporation has formed a working group, under the direction of the Chief Financial Officer, which is currently developing an implementation plan to include assessment of processes, portfolio segmentation, model development, system requirements and the identification of data and resource needs, among other things. Also, the Corporation is currently evaluating third-party vendor solutions to assist in the application of ASU 2016-13. The adoption of ASU 2016-13 may result in an increase in the allowance for loan losses due to changing from an "incurred loss" model, which encompasses allowances for current known and inherent losses within the portfolio, to an "expected loss" model, which encompasses allowances for losses expected to be incurred over the life of the portfolio. Furthermore, ASU 2016-13 will necessitate establishing an allowance for expected credit losses on debt securities. The Corporation is currently unable to reasonably estimate the impact of adopting ASU 2016-13, and it is expected that the impact of adoption will be significantly influenced by the composition, characteristics and quality of our loan and securities portfolios as well as the prevailing economic conditions and forecasts as of the adoption date. As of March 31, 2019, the Corporation had evaluated available historical data, identified the expected loan pools, put in place preliminary shadow accounting and is currently continuing to review assumptions and sample forecasts. As of June 30, 2019, the Corporation continues to be heavily focused on reasonable and supportable assumptions and forecasts for the new reserve calculation. In addition, the Corporation has begun to complete, review and refine parallel calculations. In March 2017, the FASB issued ASU 2017-08, "Premium Amortization on Purchased Callable Debt Securities (Subtopic 310-20)." The update shortens the amortization period for premiums on purchased callable debt securities to the earliest call date. The amendment will apply only to callable debt securities with explicit, noncontingent call features that are callable at fixed prices and on preset dates, apply to all premiums on callable debt securities, regardless of how they were generated, and require companies to reset the effective yield using the payment terms of the debt security if the call option is not exercised on the earliest call date. ASU 2017-08 does not require an accounting change for securities held at a discount. The discount continues to be amortized to maturity and does not apply when the investor has already incorporated prepayments into the calculation of its effective yield under other GAAP. The amendments in ASU 2017-08 are effective for public business entities for fiscal years beginning after December 15, 2018, including interim periods within those years. Early adoption is permitted, including adoption in an interim period. As the Corporation already amortizes these premiums to the call date, the adoption of this ASU on January 1, 2019 did not have any impact on the Corporation's consolidated financial statements.

Securities - Available-for-Sale

Securities - Available-for-Sale and Held to Maturity	6 Months Ended
	Jun. 30, 2019
Investments, Debt and Equity Securities [Abstract]
Securities - Available-for-Sale and Held to Maturity	Securities – Available-for-Sale and Held-to-Maturity The amortized cost, gross unrealized gains and losses and fair value of the available-for-sale securities were as follows: June 30, 2019 Amortized Gross Unrealized Fair Cost Gains Losses Value (In thousands) U.S. government-sponsored agencies $ 17,475 $ 13 $ (46 ) $ 17,442 Obligations of state and political subdivisions 3,198 17 (1 ) 3,214 Mortgage-backed securities 58,293 316 (246 ) 58,363 Asset-backed securities (a) 3,770 1 (27 ) 3,744 Corporate debt (b) 13,334 103 (83 ) 13,354 Total available-for-sale securities $ 96,070 $ 450 $ (403 ) $ 96,117 December 31, 2018 Amortized Gross Unrealized Fair Cost Gains Losses Value (In thousands) U.S. government-sponsored agencies $ 26,232 $ 15 $ (498 ) $ 25,749 Obligations of state and political subdivisions 3,205 — (84 ) 3,121 Mortgage-backed securities 63,659 68 (1,564 ) 62,163 Asset-backed securities (a) 4,916 6 — 4,922 Corporate debt (b) 13,369 48 (561 ) 12,856 Total available-for-sale securities $ 111,381 $ 137 $ (2,707 ) $ 108,811 (a) Collateralized by student loans. (b) Corporate debt securities are primarily in financial institutions. Cash proceeds realized from sales and calls of securities available-for-sale for the three and six months ended June 30, 2019 were $4,000,000 and $8,170,000 , respectively. Cash proceeds realized from sales and calls of securities available-for-sale for the three and six months ended June 30, 2018 were $0 and $1,006,000 , respectively. Gross gains realized on sales and calls during the three and six months ended June 30, 2019, were $1,000 and $3,000 , respectively. There were no gross losses realized on sales or calls during the three and six months ended June 30, 2019, respectively. Gross gains realized on sales and calls during the three and six months ended June 30, 2018, were $0 and $6,000 , respectively. There were no gross losses realized on sales or calls during the three and six months ended June 30, 2018, respectively. The following is a summary of the amortized cost, gross unrealized gains and losses and fair value of the held-to- maturity securities: June 30, 2019 Amortized Gross Unrealized Fair Cost Gains Losses Value (In thousands) U.S. Treasury $ 1,000 $ — $ (5 ) $ 995 U.S. government-sponsored agencies 36,563 50 (84 ) 36,529 Obligations of state and political subdivisions 1,914 11 (11 ) 1,914 Mortgage-backed securities 22,787 246 (25 ) 23,008 Total held-to-maturity securities $ 62,264 $ 307 $ (125 ) $ 62,446 December 31, 2018 Amortized Gross Unrealized Fair Cost Gains Losses Value (In thousands) U.S. Treasury $ 999 $ — $ (14 ) $ 985 U.S. government-sponsored agencies 35,565 20 (976 ) 34,609 Obligations of state and political subdivisions 2,358 14 (27 ) 2,345 Mortgage-backed securities 23,386 47 (375 ) 23,058 Total held-to-maturity securities $ 62,308 $ 81 $ (1,392 ) $ 60,997 Cash proceeds realized from calls of securities held-to-maturity for the three and six months ended June 30, 2019 were $500,000 and $1,605,000 , respectively. Cash proceeds realized from calls of securities held-to-maturity for the three and six months ended June 30, 2018 were $0 and $280,000 , respectively. There were no gross gains and no gross losses realized on calls during the three and six months ended June 30, 2019 and June 30, 2018 . Mortgage-backed securities are a type of asset-backed security secured by a mortgage or collection of mortgages, purchased by government agencies such as the Government National Mortgage Association and government-sponsored agencies such as the Federal National Mortgage Association and the Federal Home Loan Mortgage Corporation, which then issue securities that represent claims on the principal and interest payments made by borrowers on the loans in the pool. The following table presents the amortized cost and fair value of the debt securities portfolio by contractual maturity. As issuers may have the right to call or prepay obligations with or without call or prepayment premiums, the actual maturities may differ from contractual maturities. Securities not due at a single maturity date, such as mortgage-backed securities and asset-backed securities, are shown separately. June 30, 2019 Amortized Cost Fair Value (In thousands) Available-for-sale Within one year $ 2,134 $ 2,129 After one year, but within five years 13,870 13,840 After five years, but within ten years 14,008 14,077 After ten years 3,995 3,964 Mortgage-backed securities 58,293 58,363 Asset-backed securities 3,770 3,744 Total $ 96,070 $ 96,117 Held-to-maturity Within one year $ 1,670 $ 1,670 After one year, but within five years 20,329 20,327 After five years, but within ten years 16,994 16,968 After ten years 484 473 Mortgage-backed securities 22,787 23,008 Total $ 62,264 $ 62,446 The following tables summarize the fair value and unrealized losses of those investment securities which reported an unrealized loss at June 30, 2019 and December 31, 2018 , and if the unrealized loss position was continuous for the twelve months prior to June 30, 2019 and December 31, 2018 . Available-for-sale June 30, 2019 Less than 12 Months 12 Months or Longer Total Fair Unrealized Fair Unrealized Fair Unrealized Value Losses Value Losses Value Losses (In thousands) U.S. government- sponsored agencies $ 998 $ (2 ) $ 6,798 $ (44 ) $ 7,796 $ (46 ) Obligations of state and political subdivisions — — 310 (1 ) 310 (1 ) Mortgage-backed securities 530 (1 ) 22,966 (245 ) 23,496 (246 ) Asset-backed securities — — 2,650 (27 ) 2,650 (27 ) Corporate debt 499 (1 ) 7,703 (82 ) 8,202 (83 ) Total temporarily impaired securities $ 2,027 $ (4 ) $ 40,427 $ (399 ) $ 42,454 $ (403 ) Available-for-sale December 31, 2018 Less than 12 Months 12 Months or Longer Total Fair Unrealized Fair Unrealized Fair Unrealized Value Losses Value Losses Value Losses (In thousands) U.S. government- sponsored agencies $ — $ — $ 17,432 $ (498 ) $ 17,432 $ (498 ) Obligations of state and political subdivisions — — 3,121 (84 ) 3,121 (84 ) Mortgage-backed securities 4,177 (19 ) 47,479 (1,545 ) 51,656 (1,564 ) Asset-backed securities 2,892 — — — 2,892 — Corporate debt — — 8,808 (561 ) 8,808 (561 ) Total temporarily impaired securities $ 7,069 $ (19 ) $ 76,840 $ (2,688 ) $ 83,909 $ (2,707 ) Held-to-maturity June 30, 2019 Less than 12 Months 12 Months or Longer Total Fair Unrealized Fair Unrealized Fair Unrealized Value Losses Value Losses Value Losses (In thousands) U.S. Treasury $ — $ — $ 995 $ (5 ) $ 995 $ (5 ) U.S. government- sponsored agencies 1,993 (7 ) 11,811 (77 ) 13,804 (84 ) Obligations of state and political subdivisions — — 473 (11 ) 473 (11 ) Mortgage-backed securities — — 6,123 (25 ) 6,123 (25 ) Total temporarily impaired securities $ 1,993 $ (7 ) $ 19,402 $ (118 ) $ 21,395 $ (125 ) Held-to-maturity December 31, 2018 Less than 12 Months 12 Months or Longer Total Fair Unrealized Fair Unrealized Fair Unrealized Value Losses Value Losses Value Losses (In thousands) U.S. Treasury $ — $ — $ 985 $ (14 ) $ 985 $ (14 ) U.S. government- sponsored agencies 2,496 (9 ) 24,595 (967 ) 27,091 (976 ) Obligations of state and political subdivisions — — 461 (27 ) 461 (27 ) Mortgage-backed securities 5,885 (67 ) 11,081 (308 ) 16,966 (375 ) Total temporarily impaired securities $ 8,381 $ (76 ) $ 37,122 $ (1,316 ) $ 45,503 $ (1,392 ) Other-Than-Temporary Impairment At June 30, 2019 , there were available-for-sale investments comprising nine U.S. government-sponsored agency securities, one obligation of state and political subdivision security, forty-four mortgage-backed securities, one asset backed security, and eight corporate debt securities in a continuous loss position for twelve months or longer. At June 30, 2019 , there were held-to-maturity investments comprising one U.S. Treasury security, eleven U.S. government-sponsored agency securities, one obligation of state and political subdivision security, and seventeen mortgage-backed securities in a continuous loss position for twelve months or longer. Management has assessed the securities that were in an unrealized loss position at June 30, 2019 and December 31, 2018 and has determined that any decline in fair value below amortized cost primarily relates to changes in interest rates and market spreads and was temporary. In making this determination management considered the following factors: the period of time the securities were in an unrealized loss position; the percentage decline in comparison to the securities’ amortized cost; any adverse conditions specifically related to the security, an industry or a geographic area; the rating or changes to the rating by a credit rating agency; the financial condition of the issuer and guarantor and any recoveries or additional declines in fair value subsequent to the balance sheet date. Management does not intend to sell securities in an unrealized loss position and it is not more likely than not that the Corporation will be required to sell these securities before the recovery of their amortized cost bases, which may be at maturity.

Loans and Allowance for Loan Lo

Loans and Allowance for Loan Losses	6 Months Ended
	Jun. 30, 2019
Receivables [Abstract]
Loans and Allowance for Loan Losses	Loans and Allowance for Loan Losses At June 30, 2019 and December 31, 2018 , respectively, the loan portfolio consisted of the following: June 30, December 31, (In thousands) Commercial: Secured by real estate $ 30,139 $ 28,790 Other 76,753 64,965 Commercial real estate 514,289 504,522 Commercial construction 11,419 9,787 Residential real estate 78,798 82,491 Consumer: Secured by real estate 38,421 36,120 Other 661 455 Government Guaranteed Loans - guaranteed portion 6,419 6,559 Other 95 98 Total gross loans 756,994 733,787 Less: Deferred loan costs, net 535 457 Allowance for loan losses 8,404 7,926 8,939 8,383 Loans, net $ 748,055 $ 725,404 Included in Commercial - Other and Commercial real estate at June 30, 2019 were $946,000 and $4,245,000 , respectively, of Small Business Administration ("SBA") loans for which the guaranteed portions have been sold. In addition to the origination of SBA loans, prior to 2017, the Corporation purchased the guaranteed portion of several Government Guaranteed loans. These loans are listed separately in the table above. Due to the guarantee of the principal amount of these loans, no allowance for loan losses is established for these loans. Excluded from the table above are $15.8 million and $14.3 million of unpaid principal balances of loans serviced for others at June 30, 2019 and December 31, 2018 . Activity in the allowance for loan losses is summarized as follows: Three Months Ended June 30, 2019 Balance, beginning of period Provision charged to operations Loans charged off Recoveries of loans charged off Balance, end of period (In thousands) Commercial $ 2,966 $ 153 $ — $ 40 $ 3,159 Commercial real estate 4,753 178 — 16 4,947 Commercial construction 150 27 — — 177 Residential real estate 76 (27 ) — — 49 Consumer 61 3 — — 64 Other loans 1 — — — 1 Unallocated 11 (4 ) — — 7 Total $ 8,018 $ 330 $ — $ 56 $ 8,404 Six Months Ended June 30, 2019 Balance, beginning of period Provision charged to operations Loans charged off Recoveries of loans charged off Balance, end of period (In thousands) Commercial $ 2,703 $ 404 $ — $ 52 $ 3,159 Commercial real estate 4,947 (31 ) — 31 4,947 Commercial construction 131 46 — — 177 Residential real estate 65 (16 ) — — 49 Consumer 68 (4 ) — — 64 Other loans 1 — — — 1 Unallocated 11 (4 ) — — 7 Total $ 7,926 $ 395 $ — $ 83 $ 8,404 Three Months Ended June 30, 2018 Balance, beginning of period Provision charged to operations Loans charged off Recoveries of loans charged off Balance, end of period (In thousands) Commercial $ 2,865 $ (9 ) $ — $ 75 $ 2,931 Commercial real estate 5,349 (757 ) — 612 5,204 Commercial construction 81 (10 ) — — 71 Residential real estate 72 (3 ) — — 69 Consumer 67 2 — — 69 Other loans — — — 1 1 Unallocated 11 (3 ) — — 8 Total $ 8,445 $ (780 ) $ — $ 688 $ 8,353 Six Months Ended June 30, 2018 Balance, beginning of period Provision charged to operations Loans charged off Recoveries of loans charged off Balance, end of period (In thousands) Commercial $ 3,058 $ (198 ) $ (29 ) $ 100 $ 2,931 Commercial real estate 5,531 (961 ) — 634 5,204 Commercial construction 33 38 — — 71 Residential real estate 68 1 — — 69 Consumer 64 4 — 1 69 Other loans 1 — (1 ) 1 1 Unallocated 7 1 — — 8 Total $ 8,762 $ (1,115 ) $ (30 ) $ 736 $ 8,353 The following table presents the balance in the allowance for loan losses and the recorded investment in loans by portfolio segment and based on the impairment method as of June 30, 2019 and December 31, 2018 . June 30, 2019 Commercial Commercial Real Estate Commercial Construction Residential Real Estate Consumer Government Guaranteed Other Loans Unallocated Total (In thousands) Allowance for loan losses Ending allowance balance attributable to loans Individually evaluated for impairment $ 95 $ 602 $ — $ — $ — $ — $ — $ — $ 697 Collectively evaluated for impairment 3,064 4,345 177 49 64 — 1 7 7,707 Total ending allowance balance $ 3,159 $ 4,947 $ 177 $ 49 $ 64 $ — $ 1 $ 7 $ 8,404 Loans: Loans individually evaluated for impairment $ 593 $ 3,890 $ — $ 1,229 $ — $ — $ — $ — $ 5,712 Loans collectively evaluated for impairment 106,299 510,399 11,419 77,569 39,082 6,419 95 — 751,282 Total ending loan balance $ 106,892 $ 514,289 $ 11,419 $ 78,798 $ 39,082 $ 6,419 $ 95 $ — $ 756,994 December 31, 2018 Commercial Commercial Real Estate Commercial Construction Residential Real Estate Consumer Government Guaranteed Other Loans Unallocated Total (In thousands) Allowance for loan losses Ending allowance balance attributable to loans Individually evaluated for impairment $ 88 $ 561 $ — $ — $ — $ — $ — $ — $ 649 Collectively evaluated for impairment 2,615 4,386 131 65 68 — 1 11 7,277 Total ending allowance balance $ 2,703 $ 4,947 $ 131 $ 65 $ 68 $ — $ 1 $ 11 $ 7,926 Loans: Loans individually evaluated for impairment $ 633 $ 6,079 $ — $ 576 $ — $ — $ — $ — $ 7,288 Loans collectively evaluated for impairment 93,122 498,443 9,787 81,915 36,575 6,559 98 — 726,499 Total ending loan balance $ 93,755 $ 504,522 $ 9,787 $ 82,491 $ 36,575 $ 6,559 $ 98 $ — $ 733,787 The following table presents the recorded investment in nonaccrual loans at the dates indicated: June 30, December 31, (In thousands) Commercial: Secured by real estate $ 369 $ 394 Commercial real estate 308 574 Residential real estate 1,229 576 Total nonaccrual loans $ 1,906 $ 1,544 At June 30, 2019 and December 31, 2018 , there were no loans that were past due 90 days and still accruing. The following table presents information regarding loans individually evaluated for impairment by class of loan at and for the periods indicated: At June 30, 2019 Unpaid Recorded Allowance for (In thousands) With no related allowance recorded: Commercial: Secured by real estate $ 415 $ 384 Commercial real estate 936 676 Residential Real Estate 1,255 1,229 2,606 2,289 With an allowance recorded: Commercial: Secured by real estate 91 91 $ 91 Other 118 118 4 Commercial real estate 3,214 3,214 602 3,423 3,423 697 Total: Commercial: Secured by real estate 506 475 91 Other 118 118 4 Commercial real estate 4,150 3,890 602 Residential Real Estate 1,255 1,229 — $ 6,029 $ 5,712 $ 697 At December 31, 2018 Unpaid Recorded Allowance for (In thousands) With no related allowance recorded: Commercial: Secured by real estate $ 447 $ 416 Commercial real estate 3,329 3,001 Residential real estate 587 576 4,363 3,993 With an allowance recorded: Commercial: Secured by real estate 95 95 $ 83 Other 122 122 5 Commercial real estate 3,078 3,078 561 3,295 3,295 649 Total: Commercial: Secured by real estate 542 511 83 Other 122 122 5 Commercial real estate 6,407 6,079 561 Residential real estate 587 576 — $ 7,658 $ 7,288 $ 649 Three Months Ended June 30, 2019 2018 Average Recorded Investment Interest Income Recognized Average Recorded Investment Interest Income Recognized (In thousands) With no related allowance recorded: Commercial: Secured by real estate $ 399 $ 1 $ 525 $ 4 Commercial real estate 1,817 24 3,076 28 Residential Real Estate 894 — 285 — Consumer: Secured by real estate — — 31 — Total 3,110 25 3,917 32 With allowance Commercial: Secured by real estate 92 1 50 1 Other 119 2 126 2 Commercial real estate 3,219 40 3,099 41 3,430 43 3,275 44 Total $ 6,540 $ 68 $ 7,192 $ 76 Six Months Ended June 30, 2019 2018 Average Recorded Investment Interest Income Recognized Average Recorded Investment Interest Income Recognized (In thousands) With no related allowance recorded: Commercial: Secured by real estate $ 405 $ 1 $ 480 $ 8 Commercial real estate 2,212 57 3,091 55 Residential Real Estate 788 — 289 — Consumer: Secured by real estate — — 42 — Total 3,405 58 3,902 63 With an allowance recorded: Commercial: Secured by real estate 93 2 44 1 Other 120 4 126 4 Commercial real estate 3,171 80 3,103 80 3,384 86 3,273 85 Total $ 6,789 $ 144 $ 7,175 $ 148 During the six months ended June 30, 2019 and 2018, no interest income was recognized on a cash basis. The following table presents the aging of the recorded investment in past due loans by class of loans as of June 30, 2019 and December 31, 2018 . Nonaccrual loans are included in the disclosure by payment status. June 30, 2019 30-59 Days Past Due 60-89 Days Past Due Greater than 90 Days Past Due Total Past Due Current Total (In thousands) Commercial: Secured by real estate $ — $ — $ 369 $ 369 $ 29,770 $ 30,139 Other — — — — 76,753 76,753 Commercial real estate — — 256 256 514,033 514,289 Commercial construction — — — — 11,419 11,419 Residential real estate — 327 648 975 77,823 78,798 Consumer: Secured by real estate — — — — 38,421 38,421 Other — 1 — 1 660 661 Government Guaranteed — — — — 6,419 6,419 Other — — — — 95 95 Total $ — $ 328 $ 1,273 $ 1,601 $ 755,393 $ 756,994 December 31, 2018 30-59 Days Past Due 60-89 Days Past Due Greater than 90 Days Past Due Total Past Due Current Total (In thousands) Commercial: Secured by real estate $ — $ — $ 394 $ 394 $ 28,396 $ 28,790 Other 6 — — 6 64,959 64,965 Commercial real estate 2,155 — 509 2,664 501,858 504,522 Commercial construction — — — — 9,787 9,787 Residential real estate 112 42 308 462 82,029 82,491 Consumer: Secured by real estate — — — — 36,120 36,120 Other 1 — — 1 454 455 Government Guaranteed — — — — 6,559 6,559 Other — — — — 98 98 Total $ 2,274 $ 42 $ 1,211 $ 3,527 $ 730,260 $ 733,787 Troubled Debt Restructurings In order to determine whether a borrower is experiencing financial difficulty necessitating a restructuring, an evaluation is performed of the probability that the borrower will be in payment default on any of its debt in the foreseeable future without the modification. This evaluation is performed in accordance with the Corporation’s internal underwriting policy. A loan is considered to be in payment default once it is contractually 90 days past due. At June 30, 2019 and December 31, 2018 , the Corporation had $3.9 million and $6.3 million , respectively, of loans whose terms have been modified in troubled debt restructurings. Of these loans, $3.8 million and $5.7 million had demonstrated a reasonable period of performance in accordance with their new terms at June 30, 2019 and December 31, 2018 , respectively and are, therefore, accruing loans. The remaining troubled debt restructurings are reported as nonaccrual loans. Specific reserves of $630,000 and $649,000 have been recorded for the troubled debt restructurings at June 30, 2019 and December 31, 2018 , respectively, and are included in the table above. As of June 30, 2019 and December 31, 2018 , there were no additional funds committed to these borrowers. There were no new loans classified as a troubled debt restructuring during the three and six months ended June 30, 2019 or June 30, 2018 . Credit Quality Indicators The Corporation categorizes certain loans into risk categories based on relevant information about the ability of the borrowers to service their debt, such as: current financial information, historical payment experience, credit documentation, public information, and current economic trends, among other factors. The Corporation analyzes loans individually by classifying the loans as to credit risk. This analysis includes non-homogeneous loans, such as commercial, commercial real estate and commercial construction loans. This analysis is performed at the time the loan is originated and annually thereafter. The Corporation uses the following definitions for risk ratings. Special Mention – A Special Mention asset has potential weaknesses that deserve management’s close attention, which, if left uncorrected, may result in deterioration of the repayment prospects for the asset or the Bank’s credit position at some future date. Special Mention assets are not adversely classified and do not expose the Bank to sufficient risk to warrant adverse classification. Substandard – Substandard loans are inadequately protected by the current net worth and paying capacity of the borrower or by the collateral pledged, if any. Loans so classified must have a well-defined weakness or weaknesses that jeopardize the repayment and liquidation of the debt. These loans are characterized by the distinct possibility that the Bank will sustain some loss if the deficiencies are not corrected. Doubtful – A Doubtful loan has all of the weaknesses inherent in those classified as Substandard with the added characteristic that the weaknesses make collection or liquidation in full, on the basis of currently known facts, conditions, and values, highly questionable or improbable. The likelihood of loss is extremely high, but because of certain important and reasonably specific factors, an estimated loss is deferred until a more exact status can be determined. Loss – A loan classified Loss is considered uncollectible and of such little value that its continuance as an asset is not warranted. This classification does not necessarily mean that an asset has absolutely no recovery or salvage value, but rather it is not practical or desirable to defer writing off a basically worthless asset even though partial recovery may be effected in the future. Loans not meeting the criteria above that are analyzed individually as part of the above described process are considered to be pass rated loans. As of June 30, 2019 and December 31, 2018 , and based on the most recent analysis performed at those times, the risk category of loans by class is as follows: June 30, 2019 Pass Special Mention Substandard Doubtful Loss Total (In thousands) Commercial: Secured by real estate $ 28,764 $ 272 $ 1,103 $ — $ — $ 30,139 Other 75,407 119 1,227 — — 76,753 Commercial real estate 507,524 2,103 4,662 — — 514,289 Commercial construction 11,419 — — — — 11,419 Government Guaranteed Loans - guaranteed portion 6,419 — — — — 6,419 Total $ 629,533 $ 2,494 $ 6,992 $ — $ — $ 639,019 December 31, 2018 Pass Special Mention Substandard Doubtful Loss Total (In thousands) Commercial: Secured by real estate $ 26,879 $ 1,234 $ 677 $ — $ — $ 28,790 Other 63,438 181 1,346 — — 64,965 Commercial real estate 490,661 7,086 6,775 — — 504,522 Commercial construction 9,787 — — — — 9,787 Government Guaranteed Loans - guaranteed portion 6,559 — — — — 6,559 Total $ 597,324 $ 8,501 $ 8,798 $ — $ — $ 614,623 The Corporation considers the historical and projected performance of the loan portfolio and its impact on the allowance for loans losses. For the residential real estate and consumer loan segments, the Corporation evaluates credit quality primarily based on payment activity and historical loss data. The following table presents the recorded investment in residential real estate and consumer loans based on payment activity as of June 30, 2019 and December 31, 2018 . June 30, 2019 Current 30+ Days Past Due or Nonaccrual Total (In thousands) Residential real estate $ 77,569 $ 1,229 $ 78,798 Consumer: Secured by real estate 38,421 — 38,421 Other 660 1 661 Total $ 116,650 $ 1,230 $ 117,880 December 31, 2018 Current 30+ Days Past Due or Nonaccrual Total (In thousands) Residential real estate $ 81,761 $ 730 $ 82,491 Consumer: Secured by real estate 36,120 — 36,120 Other 454 1 455 Total $ 118,335 $ 731 $ 119,066

Fair Value of Financial Instrum

Fair Value of Financial Instruments	6 Months Ended
	Jun. 30, 2019
Fair Value Disclosures [Abstract]
Fair Value of Financial Instruments	Fair Value of Financial Instruments Fair value is the exchange price that would be received for an asset or paid to transfer a liability (exit price) in an orderly transaction between market participants on the measurement date. There are three levels of inputs that may be used to measure fair value: Level 1: Quoted prices (unadjusted) for identical assets or liabilities in active markets that the entity has the ability to access as of the measurement date. Level 2: Significant other observable inputs other than Level 1 prices such as quoted prices for similar assets or liabilities; quoted prices in markets that are not active; or other inputs that are observable or can be corroborated by observable market data. Level 3: Significant unobservable inputs that reflect a reporting entity’s own assumptions about the assumptions that market participants would use in pricing an asset or liability. Assets and Liabilities Measured on a Recurring Basis Assets and liabilities measured at fair value on a recurring basis are summarized below: Fair Value Measurements Using: Carrying Value Quoted Prices in Active Markets for Identical Assets (Level 1) Significant Other Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) At June 30, 2019 (In thousands) Assets: Available-for-sale securities U.S. government - sponsored agencies $ 17,442 $ — $ 17,442 $ — Obligations of state and political subdivisions 3,214 — 3,214 — Mortgage-backed securities 58,363 — 58,363 — Asset-backed securities 3,744 — 3,744 — Corporate debt 13,354 — 13,354 — Total available-for-sale securities $ 96,117 $ — $ 96,117 $ — Other equity investments $ 1,693 $ 1,633 $ 60 $ — Interest rate swap $ — $ — $ — $ — Liabilities: Interest rate swap $ 967 $ — $ 967 $ — Fair Value Measurements Using: Carrying Value Quoted Prices in Active Markets for Identical Assets (Level 1) Significant Other Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) At December 31, 2018 (In thousands) Assets: Available-for-sale securities U.S. government - sponsored agencies $ 25,749 $ — $ 25,749 $ — Obligations of state and political subdivisions 3,121 — 3,121 — Mortgage-backed securities 62,163 — 62,163 — Asset-backed securities 4,922 — 4,922 — Corporate debt 12,856 — 12,856 — Total available-for-sale securities $ 108,811 $ — $ 108,811 $ — Other equity investments $ 1,648 $ 1,588 $ 60 $ — Interest rate swap $ 134 $ — $ 134 $ — Liabilities: Interest rate swap $ 246 $ — $ 246 $ — There were no transfers of assets between Level 1 and Level 2 during the six months ended June 30, 2019 or during the year ended December 31, 2018 . There were no changes to the valuation techniques for fair value measurements as of June 30, 2019 and December 31, 2018 . The fair values of investment securities are determined by quoted market prices, if available (Level 1). If quoted prices are not available, fair values of investment securities are determined by matrix pricing, which is a mathematical technique widely used in the industry to value debt securities without relying exclusively on quoted prices for the specific securities but rather by relying on the securities’ relationship to other benchmark quoted securities (Level 2 inputs). The Corporation performs quarterly analyses on the prices received from the pricing service to determine whether the prices are reasonable estimates of fair value. Specifically, the Corporation compares the prices received from the pricing service to a secondary pricing source. The Corporation’s internal price verification procedures have not historically resulted in adjustment in the prices obtained from the pricing service. Other equity investments primarily represent a Community Reinvestment Act (CRA) mutual fund investment. The interest rate swaps are reported at fair values obtained from brokers who utilize internal models with observable market data inputs to estimate the values of these instruments (Level 2 inputs). Assets and Liabilities Measured on a Non-Recurring Basis Assets and liabilities measured at fair value on a non-recurring basis are summarized below: Fair Value Measurements Using: Carrying Value Quoted Prices in Active Markets for Identical Assets (Level 1) Significant Other Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) At June 30, 2019 (In thousands) Assets: Impaired loans Commercial: Secured by real estate $ 31 $ — $ — $ 31 Commercial real estate 88 — — 88 Residential real estate 679 — — 679 Total assets $ 798 $ — $ — $ 798 Fair Value Measurements Using: Carrying Value Quoted Prices in Active Markets for Identical Assets (Level 1) Significant Other Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) At December 31, 2018 (In thousands) Assets: Impaired loans Commercial: Secured by real estate $ 301 $ — $ — $ 301 Residential real estate 308 — — 308 Total assets $ 609 $ — $ — $ 609 Collateral-dependent impaired loans measured for impairment using fair value of the collateral had a recorded investment value of $864,000 , resulting in an increase in the allowance for loan losses of $66,000 for the six months ended June 30, 2019 . Collateral-dependent impaired loans measured for impairment using the fair value of the collateral had a recorded investment value of $692,000 , resulting in an increase of the allowance for loan losses of $ 83,000 for the year ended December 31, 2018 . There was no OREO at June 30, 2019 or December 31, 2018 . The Corporation does not record loans at fair value on a recurring basis. However, from time to time, the Corporation records non-recurring fair value adjustments to collateral dependent loans to reflect impairment. The Corporation measures impairment of collateralized loans based on the estimated fair value of the collateral less estimated costs to sell the collateral, incorporating assumptions that experienced parties might use in estimating the value of such collateral (Level 3 inputs). At the time a loan is considered impaired, it is valued at the lower of cost or fair value. Generally, impaired loans carried at fair value have been partially charged-off or receive specific allocations of the allowance for loan losses. For collateral dependent loans, fair value is commonly based on real estate appraisals. These appraisals may utilize a single valuation approach or a combination of approaches including comparable sales and the income approach. In the appraisal process, the independent appraisers routinely adjust for differences between the comparable sales and income data available. Such adjustments typically result in a Level 3 classification of the inputs for determining fair value. Methods for valuing non-real estate collateral include using an appraisal, the net book value recorded for the collateral on the borrower’s financial statements, or aging reports. Collateral is then adjusted or discounted based on management’s historical knowledge, changes in market conditions from the time of the valuation, and management’s expertise and knowledge of the borrower and borrower’s business, resulting in a Level 3 fair value classification. Impaired loans are evaluated on a quarterly basis for additional impairment and adjusted accordingly. Appraisals are generally obtained to support the fair value of collateral. Appraisals for collateral-dependent impaired loans are performed by licensed appraisers whose qualifications and licenses have been reviewed and verified by the Corporation. The Corporation utilizes a third party to order appraisals and, once received, reviews the assumptions and approaches utilized in the appraisal as well as the resulting fair value in comparison with independent data sources such as recent market data or industry-wide statistics. Real estate appraisals typically incorporate measures such as recent sales prices for comparable properties. Appraisers may make adjustments to the sales price of the comparable properties as deemed appropriate based on the age, condition or general characteristics of the subject property. Management generally applies a 12% discount to real estate appraised values to cover disposition / selling costs and to reflect the potential price reductions in the market necessary to complete an expedient sale transaction and to factor in the impact of the perception that a transaction being completed by a bank may result in further price reduction pressure. For the Level 3 assets measured at fair value on a non-recurring basis, the significant unobservable inputs used in the fair value measurements were as follows: June 30, 2019 Fair Weighted Assets Value Valuation Technique Unobservable Inputs Average (Dollars in thousands) Impaired loans $ 798 Comparable real estate sales and / or the income approach. Adjustments for differences between comparable sales and income data available. 5% Estimated selling costs. 7% December 31, 2018 Fair Weighted Assets Value Valuation Technique Unobservable Inputs Average (Dollars in thousands) Impaired loans $ 609 Comparable real estate sales and / or the income approach. Adjustments for differences between comparable sales and income data available. 5% Estimated selling costs. 7% Fair value estimates for the Corporation’s financial instruments are summarized below: Fair Value Measurements Using: Carrying Value Quoted Prices in Active Markets for Identical Assets (Level 1) Significant Other Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) June 30, 2019 (In thousands) Financial assets: Cash and cash equivalents $ 12,610 $ 12,610 $ — $ — Securities available-for-sale 96,117 — 96,117 — Securities held-to-maturity 62,264 — 62,446 — Other equity investments 1,693 1,633 60 — FHLB-NY stock 4,091 N/A N/A N/A Loans, net 748,055 — — 737,503 Interest rate swap — — — — Financial liabilities: Deposits 781,945 589,355 193,488 — FHLB-NY advances 67,400 — 68,100 — Subordinated Debentures and Subordinated Notes 23,415 — — 23,746 Interest rate swap 967 — 967 — Fair Value Measurements Using: Carrying Value Quoted Prices in Active Markets for Identical Assets (Level 1) Significant Other Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) December 31, 2018 (In thousands) Financial assets: Cash and cash equivalents $ 16,823 $ 16,823 $ — $ — Securities available-for-sale 108,811 — 108,811 — Securities held-to-maturity 62,308 — 60,997 — Other equity investments 1,648 1,588 60 — FHLB-NY stock 3,965 N/A N/A N/A Loans, net 725,404 — — 704,273 Interest rate swap 134 — 134 — Financial liabilities: Deposits 782,091 578,460 201,846 — FHLB-NY advances 65,700 — 65,477 — Subordinated Debentures and Subordinated Notes 23,382 — — 23,441 Interest rate swap 246 — 246 — The following methods and assumptions were used to estimate the fair value of financial instruments recorded at fair value on a recurring or non-recurring basis not previously described: Loans, net – Fair values are estimated for portfolios of loans with similar financial characteristics. Loans are segregated by type such as residential and commercial mortgages, commercial and other installment loans. Fair value for loans is based on an exit price model taking into account inputs such as probability of default and loss given default assumptions. Commitments to extend credit – The fair value of commitments is estimated using the fees currently charged to enter into similar agreements, taking into account the remaining terms of the agreements and the present creditworthiness of the counterparties. At June 30, 2019 and December 31, 2018 , the fair value of such commitments were not material. Limitations The preceding fair value estimates were made at June 30, 2019 and December 31, 2018 based on pertinent market data and relevant information concerning the financial instruments. These estimates do not include any premiums or discounts that could result from an offer to sell at one time the Corporation's entire holdings of a particular financial instrument or category thereof. Since no market exists for a substantial portion of the Corporation's financial instruments, fair value estimates were necessarily based on judgments with respect to future expected loss experience, current economic conditions, risk assessments of various financial instruments, and other factors. Given the subjective nature of these estimates, the uncertainties surrounding them and the matters of significant judgment that must be applied, these fair value estimates cannot be calculated with precision. Modifications in such assumptions could meaningfully alter these estimates. Since these fair value estimates were made solely for on- and off-balance sheet financial instruments at June 30, 2019 and December 31, 2018 , no attempt was made to estimate the value of anticipated future business. Furthermore, certain tax implications related to the realization of unrealized gains and losses could have a substantial impact on these fair value estimates and have not been incorporated into the estimates.

Earnings Per Share

Earnings Per Share	6 Months Ended
	Jun. 30, 2019
Earnings Per Share [Abstract]
Earnings Per Share	Earnings Per Share The following reconciles the income available to common shareholders (numerator) and the weighted average common stock outstanding (denominator) for both basic and diluted earnings per share. Three Months Ended Six Months Ended June 30, June 30, 2019 2018 2019 2018 (Dollars in thousands) Net income $ 1,453 $ 2,301 $ 3,100 $ 4,109 Weighted average common shares outstanding - basic 8,713,110 8,675,868 8,700,609 8,667,235 Effect of dilutive securities - stock options N/A N/A N/A N/A Weighted average common shares outstanding - diluted 8,713,110 8,675,868 8,700,609 8,667,235 Basic earnings per common share $ 0.17 $ 0.27 $ 0.36 $ 0.47 Diluted earnings per common share $ 0.17 $ 0.27 $ 0.36 $ 0.47 There were no stock options to purchase shares of common stock for the three and six months ended June 30, 2019 and 2018 .

Accumulated Other Comprehensive

Accumulated Other Comprehensive Income	6 Months Ended
	Jun. 30, 2019
Stockholders' Equity Note [Abstract]
Accumulated Other Comprehensive Income	Accumulated Other Comprehensive Income (Loss) The components of other comprehensive income, both gross and net of tax, are presented for the periods below: Three Months Ended June 30, 2019 2018 Gross Tax Net Gross Tax Net (In thousands) Other comprehensive income (loss): Change in unrealized holding gains (losses) on securities available-for-sale $ 1,277 $ (366 ) $ 911 $ (488 ) $ 129 $ (359 ) Reclassification adjustment for gains in net income (1 ) — (1 ) — — — Accretion of loss on securities reclassified to held-to-maturity 4 (1 ) 3 9 (5 ) 4 Change in fair value of interest rate swap (556 ) 161 (395 ) 74 (21 ) 53 Reclassification adjustment for interest rate swap interest expense in net income 7 (2 ) 5 3 (1 ) 2 Total other comprehensive income (loss) $ 731 $ (208 ) $ 523 $ (402 ) $ 102 $ (300 ) Six Months Ended June 30, 2019 2018 Gross Tax Net Gross Tax Net (In thousands) Other comprehensive income (loss): Change in unrealized holding gains (losses) on securities available-for-sale $ 2,620 $ (747 ) $ 1,873 $ (1,832 ) $ 480 $ (1,352 ) Reclassification adjustment for gains in net income (3 ) 1 (2 ) (6 ) 2 (4 ) Accretion of loss on securities reclassified to held-to-maturity 7 (2 ) 5 18 (5 ) 13 Change in fair value of interest rate swap (865 ) 251 (614 ) 294 (83 ) 211 Reclassification adjustment for interest rate swap interest expense in net income 10 (3 ) 7 15 (4 ) 11 Total other comprehensive income (loss) $ 1,769 $ (500 ) $ 1,269 $ (1,511 ) $ 390 $ (1,121 ) The following tables present the after-tax changes in the balances of each component of accumulated other comprehensive income (loss) for the three and six months ended June 30, 2019 and 2018 . Three Months Ended June 30, 2019 Components of Accumulated Total Unrealized Gains / (Losses) on Loss on Securities Unrealized Accumulated (In thousands) Balance at March 31, 2019 $ (860 ) $ (36 ) $ (294 ) $ (1,190 ) Other comprehensive income (loss) before reclassifications 911 3 (395 ) 519 Amounts reclassified from other comprehensive income (loss) (1 ) — 5 4 Other comprehensive income (loss) 910 3 (390 ) 523 Balance at June 30, 2019 $ 50 $ (33 ) $ (684 ) $ (667 ) Six Months Ended June 30, 2019 Components of Accumulated Total Unrealized Gains / (Losses) on Loss on Securities Unrealized Accumulated (In thousands) Balance at December 31, 2018 $ (1,821 ) $ (38 ) $ (77 ) $ (1,936 ) Other comprehensive income (loss) before reclassifications 1,873 5 (614 ) 1,264 Amounts reclassified from other comprehensive income (loss) (2 ) — 7 5 Other comprehensive income (loss) 1,871 5 (607 ) 1,269 Balance at June 30, 2019 $ 50 $ (33 ) $ (684 ) $ (667 ) Three Months Ended June 30, 2018 Components of Accumulated Total Unrealized Gains / (Losses) on Loss on Securities Unrealized Accumulated (In thousands) Balance at March 31, 2018 $ (2,137 ) $ (51 ) $ 146 $ (2,042 ) Other comprehensive income (loss) before reclassifications (359 ) 4 53 (302 ) Amounts reclassified from other comprehensive income (loss) — — 2 2 Other comprehensive income (loss) (359 ) 4 55 (300 ) Balance at June 30, 2018 $ (2,496 ) $ (47 ) $ 201 $ (2,342 ) Six Months Ended June 30, 2018 Components of Accumulated Total Unrealized Gains / (Losses) on Loss on Securities Unrealized Accumulated (In thousands) Balance at December 31, 2017 $ (1,303 ) $ (60 ) $ (21 ) $ (1,384 ) Other comprehensive income (loss) before reclassifications (1,352 ) 13 211 (1,128 ) Amounts reclassified from other comprehensive income (loss) (4 ) — 11 7 Other comprehensive income (loss) (1,356 ) 13 222 (1,121 ) Reclassification due to the adoption of ASU No. 2016-01 163 — — 163 Balance at June 30, 2018 $ (2,496 ) $ (47 ) $ 201 $ (2,342 ) The following tables present amounts reclassified from each component of accumulated other comprehensive income on a gross and net of tax basis for the six months ended June 30, 2019 and 2018 . Three Months Ended Income Components of Accumulated Other June 30, Statement Comprehensive Income (Loss) 2019 2018 Line Item (In thousands) Unrealized gains on securities available-for-sale, before tax $ 1 $ — Gains on securities transactions, net Tax effect — — Total, net of tax 1 — Unrealized losses on derivatives before tax (7 ) (3 ) Interest expense on derivatives Tax effect 2 1 Total, net of tax (5 ) (2 ) Total reclassifications, net of tax $ (4 ) $ (2 ) Six Months Ended Income Components of Accumulated Other June 30, Statement Comprehensive Income (Loss) 2019 2018 Line Item (In thousands) Unrealized gains on securities available-for-sale, before tax $ 3 $ 6 Gains on securities transactions, net Tax effect (1 ) (2 ) Total, net of tax 2 4 Unrealized losses on derivatives before tax (10 ) (15 ) Interest expense on derivatives Tax effect 3 4 Total, net of tax (7 ) (11 ) Total reclassifications, net of tax $ (5 ) $ (7 )

Leases

Leases	6 Months Ended
	Jun. 30, 2019
Leases [Abstract]
Leases	Leases The Corporation leases eight branch offices. In addition, the Corporation has 12 leases for equipment, which are primarily copiers, and one automobile lease. Four of the branch office leases have options to renew. The exercise of lease renewal options is at our sole discretion; therefore, the lease renewal options are not included in the right of use (ROU) asset or the Lease Liability as they are not reasonably certain of exercise. As a practical expedient, the ROU asset and Lease Liability exclude short-term leases. As the leases do not provide an implicit rate, use of an incremental borrowing rate was based on the information available at the lease commencement date in determining the present value of the lease payments. The Corporation’s weighted average incremental borrowing rate used in the calculation of the ROU asset and Lease Liability was estimated at 3 %. The following table presents a maturity analysis of the operating lease liability at June 30, 2019 , in thousands: Maturities of Lease Liabilities (In thousands) Six months ended December 31, 2019 $ 355 Year ended December 31, 2020 646 Year ended December 31, 2021 489 Year ended December 31, 2022 474 Thereafter 1,079 Lease Liability June 30, 2019 $ 3,043 The weighted-average remaining lease term is 5.3 years . Total lease costs for the three months ended June 30, 2019 was $239,000 consisting of $203,000 related to fixed rent expense, $32,000 related to variable rent expense and $13,000 related to short-term leases offset by $9,000 of sublease income. Variable lease expense consists primarily of expense paid to maintain common areas. Lease costs included in Occupancy expense totaled $217,000 and another $22,000 was included in Equipment expense. Total lease costs for the six months ended June 30, 2019 was $479,000 consisting of $402,000 related to fixed rent expense, $63,000 related to variable rent expense and $32,000 related to short-term leases offset by $18,000 of sublease income. Variable lease expense consists primarily of expense paid to maintain common areas. Lease costs included in Occupancy expense totaled $430,000 and another $49,000 was included in Equipment expense. Rent paid under operating leases was $198,000 and $391,000 for the three and six months ended June 30, 2019 , respectively. The following table presents future minimum rental payments as of June 30, 2019 : Expires June 30, Minimum Rent (In thousands) 2020 $ 772 2021 578 2022 529 2023 443 2024 359 Thereafter 502 $ 3,183

Summary of Significant Accoun_2

Summary of Significant Accounting Policies (Policies)	6 Months Ended
	Jun. 30, 2019
Accounting Policies [Abstract]
Basis of presentation	Certain information and note disclosures normally included in the unaudited consolidated financial statements prepared in accordance with U.S. generally accepted accounting principles (“GAAP”) have been omitted pursuant to the rules and regulations of the Securities and Exchange Commission (the “SEC”). These unaudited consolidated financial statements should be read in conjunction with the audited consolidated financial statements and notes thereto included in the Stewardship Financial Corporation Annual Report on Form 10-K for the fiscal year ended December 31, 2018 , filed with the SEC on March 15, 2019. The interim unaudited consolidated financial statements included herein have been prepared in accordance with instructions for Form 10-Q and the rules and regulations of the SEC and, therefore, do not include information or footnotes necessary for a complete presentation of consolidated financial condition, results of operations, and cash flows in conformity with GAAP. However, all adjustments, consisting only of normal recurring adjustments, which in the opinion of management are necessary for a fair presentation of the interim consolidated financial statements, have been included. The results of operations for the six months ended June 30, 2019 are not necessarily indicative of the results which may be expected for the entire year. Certain prior period amounts have been reclassified to conform with the current period presentation.
Principles of consolidation	Principles of consolidation The consolidated financial statements include the accounts of Stewardship Financial Corporation and its wholly-owned subsidiary, Atlantic Stewardship Bank (the “Bank”), together referred to as “the Corporation”. The Bank includes its wholly-owned subsidiaries, Stewardship Investment Corporation, Stewardship Realty LLC, Atlantic Stewardship Insurance Company, LLC and several other subsidiaries formed to hold title to properties acquired through foreclosure or deed in lieu of foreclosure. The Bank’s subsidiaries have an insignificant impact on the Bank’s daily operations. All intercompany accounts and transactions have been eliminated in the consolidated financial statements. The consolidated financial statements of the Corporation have been prepared in conformity with GAAP. In preparing the consolidated financial statements, management is required to make estimates and assumptions, based on available information, that affect the amounts reported in the consolidated financial statements and disclosures provided. Actual results could differ from those estimates and assumptions.
Material estimates	Material estimates Material estimates that are particularly susceptible to significant changes relate to the determination of the allowance for loan losses and deferred income taxes. Management believes the Corporation’s policies with respect to the methodology for the determination of the allowance for loan losses and the evaluation of deferred income taxes involves a higher degree of complexity and requires management to make difficult and subjective judgments, which often require assumptions or estimates about highly uncertain matters. Changes in these judgments, assumptions or estimates could materially impact results of operations. These critical policies and their application are periodically reviewed with the Audit Committee and the Board of Directors.
Adoption of New Accounting Standards	Adoption of New Accounting Standards In February 2016, the Financial Accounting Standards Board ("FASB") issued Accounting Standards Update ("ASU") 2016-02, “Leases (Subtopic 842).” This ASU requires all lessees to recognize a lease liability and a right of use asset, measured at the present value of the future minimum lease payments, at the lease commencement date. Lessor accounting remains largely unchanged under the new guidance. The amendments in ASU 2016-02 are effective for fiscal years, including interim periods, beginning after December 15, 2018. Early adoption of ASU 2016-02 was permitted. Subsequently, the FASB issued the following standards related to ASU 2016-02: ASU 2017-13, "Revenue Recognition (Topic 605), Revenue from Contracts with Customers (Topic 606), Leases (Topic 840), and Leases (Topic 842): Amendments to SEC Paragraphs Pursuant to the Staff Announcement at the July 20, 2017 EITF Meeting and Rescission of Prior SEC Staff Announcements and Observer Comments," ASU 2018-1, "Leases (Topic 842): Land Easement Practical Expedient for Transition to Topic 842;" ASU 2018-10, "Codification Improvements to Topic 842, Leases," ASU 2018-11, "Leases (Topic 842): Targeted Improvements" and ASU 2019-01, "Leases (Topic 842): Codification Improvements". The Corporation adopted the modified retrospective approach under ASU 2018-11. The Corporation's adoption of the modified retrospective approach under ASU 2018-11 on January 1, 2019 resulted in the recording of a $3.4 million lease liability and a $3.3 million right of use asset on the Consolidated Statements of Financial Condition. In June 2016, the FASB issued ASU 2016-13, “Financial Instruments - Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments.” The main objective of this ASU is to provide financial statement users with more decision-useful information about the expected credit losses on financial instruments by a reporting entity at each reporting date. The amendments in this ASU require financial assets measured at amortized cost to be presented at the net amount expected to be collected. The allowance for credit losses would represent a valuation account that would be deducted from the amortized cost basis of the financial asset(s) to present the net carrying value at the amount expected to be collected on the financial asset. The income statement would reflect the measurement of credit losses for newly recognized financial assets, as well as the expected increases or decreases of expected credit losses that have taken place during the period. The measurement of expected credit losses would be based on relevant information about past events, including historical experience, current conditions, and reasonable and supportable forecasts that affect the collectability of the reported amount. An entity will be required to use judgment in determining the relevant information and estimation methods that are appropriate in its circumstances. The amendments in ASU 2016-13 are effective for fiscal years, including interim periods, beginning after December 15, 2019. Early adoption of this ASU is permitted for fiscal years beginning after December 15, 2018. Subsequently, the FASB issued the following standards related to ASU 2016-13: ASU 2019-04 "Codification Improvements to Topic 326, Financial Instruments - Credit Losses, Topic 815, Derivatives and Hedging, and Topic 825, Financial Instruments” and ASU 2019-05 "Financial Instruments - Credit Losses (Topic 326): Targeted Transition Relief.” The Corporation is currently evaluating the potential impact of ASU 2016-13 on the Corporation's consolidated financial statements. The Corporation has formed a working group, under the direction of the Chief Financial Officer, which is currently developing an implementation plan to include assessment of processes, portfolio segmentation, model development, system requirements and the identification of data and resource needs, among other things. Also, the Corporation is currently evaluating third-party vendor solutions to assist in the application of ASU 2016-13. The adoption of ASU 2016-13 may result in an increase in the allowance for loan losses due to changing from an "incurred loss" model, which encompasses allowances for current known and inherent losses within the portfolio, to an "expected loss" model, which encompasses allowances for losses expected to be incurred over the life of the portfolio. Furthermore, ASU 2016-13 will necessitate establishing an allowance for expected credit losses on debt securities. The Corporation is currently unable to reasonably estimate the impact of adopting ASU 2016-13, and it is expected that the impact of adoption will be significantly influenced by the composition, characteristics and quality of our loan and securities portfolios as well as the prevailing economic conditions and forecasts as of the adoption date. As of March 31, 2019, the Corporation had evaluated available historical data, identified the expected loan pools, put in place preliminary shadow accounting and is currently continuing to review assumptions and sample forecasts. As of June 30, 2019, the Corporation continues to be heavily focused on reasonable and supportable assumptions and forecasts for the new reserve calculation. In addition, the Corporation has begun to complete, review and refine parallel calculations. In March 2017, the FASB issued ASU 2017-08, "Premium Amortization on Purchased Callable Debt Securities (Subtopic 310-20)." The update shortens the amortization period for premiums on purchased callable debt securities to the earliest call date. The amendment will apply only to callable debt securities with explicit, noncontingent call features that are callable at fixed prices and on preset dates, apply to all premiums on callable debt securities, regardless of how they were generated, and require companies to reset the effective yield using the payment terms of the debt security if the call option is not exercised on the earliest call date. ASU 2017-08 does not require an accounting change for securities held at a discount. The discount continues to be amortized to maturity and does not apply when the investor has already incorporated prepayments into the calculation of its effective yield under other GAAP. The amendments in ASU 2017-08 are effective for public business entities for fiscal years beginning after December 15, 2018, including interim periods within those years. Early adoption is permitted, including adoption in an interim period. As the Corporation already amortizes these premiums to the call date, the adoption of this ASU on January 1, 2019 did not have any impact on the Corporation's consolidated financial statements.

Securities - Available-for-Sa_2

Securities - Available-for-Sale and Held to Maturity (Tables)	6 Months Ended
	Jun. 30, 2019
Investments, Debt and Equity Securities [Abstract]
Schedule of Amortized Cost, Fair Value of Securities Available For Sale and Related Gross Unrealized Gains and Losses	The amortized cost, gross unrealized gains and losses and fair value of the available-for-sale securities were as follows: June 30, 2019 Amortized Gross Unrealized Fair Cost Gains Losses Value (In thousands) U.S. government-sponsored agencies $ 17,475 $ 13 $ (46 ) $ 17,442 Obligations of state and political subdivisions 3,198 17 (1 ) 3,214 Mortgage-backed securities 58,293 316 (246 ) 58,363 Asset-backed securities (a) 3,770 1 (27 ) 3,744 Corporate debt (b) 13,334 103 (83 ) 13,354 Total available-for-sale securities $ 96,070 $ 450 $ (403 ) $ 96,117 December 31, 2018 Amortized Gross Unrealized Fair Cost Gains Losses Value (In thousands) U.S. government-sponsored agencies $ 26,232 $ 15 $ (498 ) $ 25,749 Obligations of state and political subdivisions 3,205 — (84 ) 3,121 Mortgage-backed securities 63,659 68 (1,564 ) 62,163 Asset-backed securities (a) 4,916 6 — 4,922 Corporate debt (b) 13,369 48 (561 ) 12,856 Total available-for-sale securities $ 111,381 $ 137 $ (2,707 ) $ 108,811 (a) Collateralized by student loans. (b) Corporate debt securities are primarily in financial institutions.
Schedule of Held to Maturity Securities and Related Unrecognized Gains and Losses	The following is a summary of the amortized cost, gross unrealized gains and losses and fair value of the held-to- maturity securities: June 30, 2019 Amortized Gross Unrealized Fair Cost Gains Losses Value (In thousands) U.S. Treasury $ 1,000 $ — $ (5 ) $ 995 U.S. government-sponsored agencies 36,563 50 (84 ) 36,529 Obligations of state and political subdivisions 1,914 11 (11 ) 1,914 Mortgage-backed securities 22,787 246 (25 ) 23,008 Total held-to-maturity securities $ 62,264 $ 307 $ (125 ) $ 62,446 December 31, 2018 Amortized Gross Unrealized Fair Cost Gains Losses Value (In thousands) U.S. Treasury $ 999 $ — $ (14 ) $ 985 U.S. government-sponsored agencies 35,565 20 (976 ) 34,609 Obligations of state and political subdivisions 2,358 14 (27 ) 2,345 Mortgage-backed securities 23,386 47 (375 ) 23,058 Total held-to-maturity securities $ 62,308 $ 81 $ (1,392 ) $ 60,997 Held-to-maturity June 30, 2019 Less than 12 Months 12 Months or Longer Total Fair Unrealized Fair Unrealized Fair Unrealized Value Losses Value Losses Value Losses (In thousands) U.S. Treasury $ — $ — $ 995 $ (5 ) $ 995 $ (5 ) U.S. government- sponsored agencies 1,993 (7 ) 11,811 (77 ) 13,804 (84 ) Obligations of state and political subdivisions — — 473 (11 ) 473 (11 ) Mortgage-backed securities — — 6,123 (25 ) 6,123 (25 ) Total temporarily impaired securities $ 1,993 $ (7 ) $ 19,402 $ (118 ) $ 21,395 $ (125 ) Held-to-maturity December 31, 2018 Less than 12 Months 12 Months or Longer Total Fair Unrealized Fair Unrealized Fair Unrealized Value Losses Value Losses Value Losses (In thousands) U.S. Treasury $ — $ — $ 985 $ (14 ) $ 985 $ (14 ) U.S. government- sponsored agencies 2,496 (9 ) 24,595 (967 ) 27,091 (976 ) Obligations of state and political subdivisions — — 461 (27 ) 461 (27 ) Mortgage-backed securities 5,885 (67 ) 11,081 (308 ) 16,966 (375 ) Total temporarily impaired securities $ 8,381 $ (76 ) $ 37,122 $ (1,316 ) $ 45,503 $ (1,392 )
Amortized Cost and Fair Value of the Investment Securities Portfolio by Contractual Maturity	The following table presents the amortized cost and fair value of the debt securities portfolio by contractual maturity. As issuers may have the right to call or prepay obligations with or without call or prepayment premiums, the actual maturities may differ from contractual maturities. Securities not due at a single maturity date, such as mortgage-backed securities and asset-backed securities, are shown separately. June 30, 2019 Amortized Cost Fair Value (In thousands) Available-for-sale Within one year $ 2,134 $ 2,129 After one year, but within five years 13,870 13,840 After five years, but within ten years 14,008 14,077 After ten years 3,995 3,964 Mortgage-backed securities 58,293 58,363 Asset-backed securities 3,770 3,744 Total $ 96,070 $ 96,117 Held-to-maturity Within one year $ 1,670 $ 1,670 After one year, but within five years 20,329 20,327 After five years, but within ten years 16,994 16,968 After ten years 484 473 Mortgage-backed securities 22,787 23,008 Total $ 62,264 $ 62,446
Schedule of Continuous Unrealized Loss Position for Investment Securities Available for Sale and Held to Maturity	The following tables summarize the fair value and unrealized losses of those investment securities which reported an unrealized loss at June 30, 2019 and December 31, 2018 , and if the unrealized loss position was continuous for the twelve months prior to June 30, 2019 and December 31, 2018 . Available-for-sale June 30, 2019 Less than 12 Months 12 Months or Longer Total Fair Unrealized Fair Unrealized Fair Unrealized Value Losses Value Losses Value Losses (In thousands) U.S. government- sponsored agencies $ 998 $ (2 ) $ 6,798 $ (44 ) $ 7,796 $ (46 ) Obligations of state and political subdivisions — — 310 (1 ) 310 (1 ) Mortgage-backed securities 530 (1 ) 22,966 (245 ) 23,496 (246 ) Asset-backed securities — — 2,650 (27 ) 2,650 (27 ) Corporate debt 499 (1 ) 7,703 (82 ) 8,202 (83 ) Total temporarily impaired securities $ 2,027 $ (4 ) $ 40,427 $ (399 ) $ 42,454 $ (403 ) Available-for-sale December 31, 2018 Less than 12 Months 12 Months or Longer Total Fair Unrealized Fair Unrealized Fair Unrealized Value Losses Value Losses Value Losses (In thousands) U.S. government- sponsored agencies $ — $ — $ 17,432 $ (498 ) $ 17,432 $ (498 ) Obligations of state and political subdivisions — — 3,121 (84 ) 3,121 (84 ) Mortgage-backed securities 4,177 (19 ) 47,479 (1,545 ) 51,656 (1,564 ) Asset-backed securities 2,892 — — — 2,892 — Corporate debt — — 8,808 (561 ) 8,808 (561 ) Total temporarily impaired securities $ 7,069 $ (19 ) $ 76,840 $ (2,688 ) $ 83,909 $ (2,707 )

Loans and Allowance for Loan _2

Loans and Allowance for Loan Losses (Tables)	6 Months Ended
	Jun. 30, 2019
Receivables [Abstract]
Summary of Loan Portfolio	At June 30, 2019 and December 31, 2018 , respectively, the loan portfolio consisted of the following: June 30, December 31, (In thousands) Commercial: Secured by real estate $ 30,139 $ 28,790 Other 76,753 64,965 Commercial real estate 514,289 504,522 Commercial construction 11,419 9,787 Residential real estate 78,798 82,491 Consumer: Secured by real estate 38,421 36,120 Other 661 455 Government Guaranteed Loans - guaranteed portion 6,419 6,559 Other 95 98 Total gross loans 756,994 733,787 Less: Deferred loan costs, net 535 457 Allowance for loan losses 8,404 7,926 8,939 8,383 Loans, net $ 748,055 $ 725,404
Schedule of Allowance for Loan Losses	Activity in the allowance for loan losses is summarized as follows: Three Months Ended June 30, 2019 Balance, beginning of period Provision charged to operations Loans charged off Recoveries of loans charged off Balance, end of period (In thousands) Commercial $ 2,966 $ 153 $ — $ 40 $ 3,159 Commercial real estate 4,753 178 — 16 4,947 Commercial construction 150 27 — — 177 Residential real estate 76 (27 ) — — 49 Consumer 61 3 — — 64 Other loans 1 — — — 1 Unallocated 11 (4 ) — — 7 Total $ 8,018 $ 330 $ — $ 56 $ 8,404 Six Months Ended June 30, 2019 Balance, beginning of period Provision charged to operations Loans charged off Recoveries of loans charged off Balance, end of period (In thousands) Commercial $ 2,703 $ 404 $ — $ 52 $ 3,159 Commercial real estate 4,947 (31 ) — 31 4,947 Commercial construction 131 46 — — 177 Residential real estate 65 (16 ) — — 49 Consumer 68 (4 ) — — 64 Other loans 1 — — — 1 Unallocated 11 (4 ) — — 7 Total $ 7,926 $ 395 $ — $ 83 $ 8,404 Three Months Ended June 30, 2018 Balance, beginning of period Provision charged to operations Loans charged off Recoveries of loans charged off Balance, end of period (In thousands) Commercial $ 2,865 $ (9 ) $ — $ 75 $ 2,931 Commercial real estate 5,349 (757 ) — 612 5,204 Commercial construction 81 (10 ) — — 71 Residential real estate 72 (3 ) — — 69 Consumer 67 2 — — 69 Other loans — — — 1 1 Unallocated 11 (3 ) — — 8 Total $ 8,445 $ (780 ) $ — $ 688 $ 8,353 Six Months Ended June 30, 2018 Balance, beginning of period Provision charged to operations Loans charged off Recoveries of loans charged off Balance, end of period (In thousands) Commercial $ 3,058 $ (198 ) $ (29 ) $ 100 $ 2,931 Commercial real estate 5,531 (961 ) — 634 5,204 Commercial construction 33 38 — — 71 Residential real estate 68 1 — — 69 Consumer 64 4 — 1 69 Other loans 1 — (1 ) 1 1 Unallocated 7 1 — — 8 Total $ 8,762 $ (1,115 ) $ (30 ) $ 736 $ 8,353 The following table presents the balance in the allowance for loan losses and the recorded investment in loans by portfolio segment and based on the impairment method as of June 30, 2019 and December 31, 2018 . June 30, 2019 Commercial Commercial Real Estate Commercial Construction Residential Real Estate Consumer Government Guaranteed Other Loans Unallocated Total (In thousands) Allowance for loan losses Ending allowance balance attributable to loans Individually evaluated for impairment $ 95 $ 602 $ — $ — $ — $ — $ — $ — $ 697 Collectively evaluated for impairment 3,064 4,345 177 49 64 — 1 7 7,707 Total ending allowance balance $ 3,159 $ 4,947 $ 177 $ 49 $ 64 $ — $ 1 $ 7 $ 8,404 Loans: Loans individually evaluated for impairment $ 593 $ 3,890 $ — $ 1,229 $ — $ — $ — $ — $ 5,712 Loans collectively evaluated for impairment 106,299 510,399 11,419 77,569 39,082 6,419 95 — 751,282 Total ending loan balance $ 106,892 $ 514,289 $ 11,419 $ 78,798 $ 39,082 $ 6,419 $ 95 $ — $ 756,994 December 31, 2018 Commercial Commercial Real Estate Commercial Construction Residential Real Estate Consumer Government Guaranteed Other Loans Unallocated Total (In thousands) Allowance for loan losses Ending allowance balance attributable to loans Individually evaluated for impairment $ 88 $ 561 $ — $ — $ — $ — $ — $ — $ 649 Collectively evaluated for impairment 2,615 4,386 131 65 68 — 1 11 7,277 Total ending allowance balance $ 2,703 $ 4,947 $ 131 $ 65 $ 68 $ — $ 1 $ 11 $ 7,926 Loans: Loans individually evaluated for impairment $ 633 $ 6,079 $ — $ 576 $ — $ — $ — $ — $ 7,288 Loans collectively evaluated for impairment 93,122 498,443 9,787 81,915 36,575 6,559 98 — 726,499 Total ending loan balance $ 93,755 $ 504,522 $ 9,787 $ 82,491 $ 36,575 $ 6,559 $ 98 $ — $ 733,787
Schedule of Recorded Investment in Nonaccrual Loans	The following table presents the recorded investment in nonaccrual loans at the dates indicated: June 30, December 31, (In thousands) Commercial: Secured by real estate $ 369 $ 394 Commercial real estate 308 574 Residential real estate 1,229 576 Total nonaccrual loans $ 1,906 $ 1,544
Schedule of Recorded Investments in Impaired Loans	The following table presents information regarding loans individually evaluated for impairment by class of loan at and for the periods indicated: At June 30, 2019 Unpaid Recorded Allowance for (In thousands) With no related allowance recorded: Commercial: Secured by real estate $ 415 $ 384 Commercial real estate 936 676 Residential Real Estate 1,255 1,229 2,606 2,289 With an allowance recorded: Commercial: Secured by real estate 91 91 $ 91 Other 118 118 4 Commercial real estate 3,214 3,214 602 3,423 3,423 697 Total: Commercial: Secured by real estate 506 475 91 Other 118 118 4 Commercial real estate 4,150 3,890 602 Residential Real Estate 1,255 1,229 — $ 6,029 $ 5,712 $ 697 At December 31, 2018 Unpaid Recorded Allowance for (In thousands) With no related allowance recorded: Commercial: Secured by real estate $ 447 $ 416 Commercial real estate 3,329 3,001 Residential real estate 587 576 4,363 3,993 With an allowance recorded: Commercial: Secured by real estate 95 95 $ 83 Other 122 122 5 Commercial real estate 3,078 3,078 561 3,295 3,295 649 Total: Commercial: Secured by real estate 542 511 83 Other 122 122 5 Commercial real estate 6,407 6,079 561 Residential real estate 587 576 — $ 7,658 $ 7,288 $ 649 Three Months Ended June 30, 2019 2018 Average Recorded Investment Interest Income Recognized Average Recorded Investment Interest Income Recognized (In thousands) With no related allowance recorded: Commercial: Secured by real estate $ 399 $ 1 $ 525 $ 4 Commercial real estate 1,817 24 3,076 28 Residential Real Estate 894 — 285 — Consumer: Secured by real estate — — 31 — Total 3,110 25 3,917 32 With allowance Commercial: Secured by real estate 92 1 50 1 Other 119 2 126 2 Commercial real estate 3,219 40 3,099 41 3,430 43 3,275 44 Total $ 6,540 $ 68 $ 7,192 $ 76 Six Months Ended June 30, 2019 2018 Average Recorded Investment Interest Income Recognized Average Recorded Investment Interest Income Recognized (In thousands) With no related allowance recorded: Commercial: Secured by real estate $ 405 $ 1 $ 480 $ 8 Commercial real estate 2,212 57 3,091 55 Residential Real Estate 788 — 289 — Consumer: Secured by real estate — — 42 — Total 3,405 58 3,902 63 With an allowance recorded: Commercial: Secured by real estate 93 2 44 1 Other 120 4 126 4 Commercial real estate 3,171 80 3,103 80 3,384 86 3,273 85 Total $ 6,789 $ 144 $ 7,175 $ 148
Schedule of Aging of the Recorded Investment in Past Due Loans by Class of Loans	The following table presents the aging of the recorded investment in past due loans by class of loans as of June 30, 2019 and December 31, 2018 . Nonaccrual loans are included in the disclosure by payment status. June 30, 2019 30-59 Days Past Due 60-89 Days Past Due Greater than 90 Days Past Due Total Past Due Current Total (In thousands) Commercial: Secured by real estate $ — $ — $ 369 $ 369 $ 29,770 $ 30,139 Other — — — — 76,753 76,753 Commercial real estate — — 256 256 514,033 514,289 Commercial construction — — — — 11,419 11,419 Residential real estate — 327 648 975 77,823 78,798 Consumer: Secured by real estate — — — — 38,421 38,421 Other — 1 — 1 660 661 Government Guaranteed — — — — 6,419 6,419 Other — — — — 95 95 Total $ — $ 328 $ 1,273 $ 1,601 $ 755,393 $ 756,994 December 31, 2018 30-59 Days Past Due 60-89 Days Past Due Greater than 90 Days Past Due Total Past Due Current Total (In thousands) Commercial: Secured by real estate $ — $ — $ 394 $ 394 $ 28,396 $ 28,790 Other 6 — — 6 64,959 64,965 Commercial real estate 2,155 — 509 2,664 501,858 504,522 Commercial construction — — — — 9,787 9,787 Residential real estate 112 42 308 462 82,029 82,491 Consumer: Secured by real estate — — — — 36,120 36,120 Other 1 — — 1 454 455 Government Guaranteed — — — — 6,559 6,559 Other — — — — 98 98 Total $ 2,274 $ 42 $ 1,211 $ 3,527 $ 730,260 $ 733,787
Schedule of Loans by Credit Quality Indicators	As of June 30, 2019 and December 31, 2018 , and based on the most recent analysis performed at those times, the risk category of loans by class is as follows: June 30, 2019 Pass Special Mention Substandard Doubtful Loss Total (In thousands) Commercial: Secured by real estate $ 28,764 $ 272 $ 1,103 $ — $ — $ 30,139 Other 75,407 119 1,227 — — 76,753 Commercial real estate 507,524 2,103 4,662 — — 514,289 Commercial construction 11,419 — — — — 11,419 Government Guaranteed Loans - guaranteed portion 6,419 — — — — 6,419 Total $ 629,533 $ 2,494 $ 6,992 $ — $ — $ 639,019 December 31, 2018 Pass Special Mention Substandard Doubtful Loss Total (In thousands) Commercial: Secured by real estate $ 26,879 $ 1,234 $ 677 $ — $ — $ 28,790 Other 63,438 181 1,346 — — 64,965 Commercial real estate 490,661 7,086 6,775 — — 504,522 Commercial construction 9,787 — — — — 9,787 Government Guaranteed Loans - guaranteed portion 6,559 — — — — 6,559 Total $ 597,324 $ 8,501 $ 8,798 $ — $ — $ 614,623
Schedule of Recorded Investment in Residential Real Estate and Consumer Loans Based on Payment Activity	The following table presents the recorded investment in residential real estate and consumer loans based on payment activity as of June 30, 2019 and December 31, 2018 . June 30, 2019 Current 30+ Days Past Due or Nonaccrual Total (In thousands) Residential real estate $ 77,569 $ 1,229 $ 78,798 Consumer: Secured by real estate 38,421 — 38,421 Other 660 1 661 Total $ 116,650 $ 1,230 $ 117,880 December 31, 2018 Current 30+ Days Past Due or Nonaccrual Total (In thousands) Residential real estate $ 81,761 $ 730 $ 82,491 Consumer: Secured by real estate 36,120 — 36,120 Other 454 1 455 Total $ 118,335 $ 731 $ 119,066

Fair Value of Financial Instr_2

Fair Value of Financial Instruments (Tables)	6 Months Ended
	Jun. 30, 2019
Fair Value Disclosures [Abstract]
Schedule of Assets and Liabilities Measured at Fair Value on Recurring Basis	Assets and liabilities measured at fair value on a recurring basis are summarized below: Fair Value Measurements Using: Carrying Value Quoted Prices in Active Markets for Identical Assets (Level 1) Significant Other Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) At June 30, 2019 (In thousands) Assets: Available-for-sale securities U.S. government - sponsored agencies $ 17,442 $ — $ 17,442 $ — Obligations of state and political subdivisions 3,214 — 3,214 — Mortgage-backed securities 58,363 — 58,363 — Asset-backed securities 3,744 — 3,744 — Corporate debt 13,354 — 13,354 — Total available-for-sale securities $ 96,117 $ — $ 96,117 $ — Other equity investments $ 1,693 $ 1,633 $ 60 $ — Interest rate swap $ — $ — $ — $ — Liabilities: Interest rate swap $ 967 $ — $ 967 $ — Fair Value Measurements Using: Carrying Value Quoted Prices in Active Markets for Identical Assets (Level 1) Significant Other Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) At December 31, 2018 (In thousands) Assets: Available-for-sale securities U.S. government - sponsored agencies $ 25,749 $ — $ 25,749 $ — Obligations of state and political subdivisions 3,121 — 3,121 — Mortgage-backed securities 62,163 — 62,163 — Asset-backed securities 4,922 — 4,922 — Corporate debt 12,856 — 12,856 — Total available-for-sale securities $ 108,811 $ — $ 108,811 $ — Other equity investments $ 1,648 $ 1,588 $ 60 $ — Interest rate swap $ 134 $ — $ 134 $ — Liabilities: Interest rate swap $ 246 $ — $ 246 $ —
Schedule of Assets and Liabilities Measured at Fair Value on a Non-recurring Basis	Assets and liabilities measured at fair value on a non-recurring basis are summarized below: Fair Value Measurements Using: Carrying Value Quoted Prices in Active Markets for Identical Assets (Level 1) Significant Other Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) At June 30, 2019 (In thousands) Assets: Impaired loans Commercial: Secured by real estate $ 31 $ — $ — $ 31 Commercial real estate 88 — — 88 Residential real estate 679 — — 679 Total assets $ 798 $ — $ — $ 798 Fair Value Measurements Using: Carrying Value Quoted Prices in Active Markets for Identical Assets (Level 1) Significant Other Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) At December 31, 2018 (In thousands) Assets: Impaired loans Commercial: Secured by real estate $ 301 $ — $ — $ 301 Residential real estate 308 — — 308 Total assets $ 609 $ — $ — $ 609
Schedule of Fair Value Assumptions for Level 3 Assets Measured at Fair Value on a Non-recurring Basis	For the Level 3 assets measured at fair value on a non-recurring basis, the significant unobservable inputs used in the fair value measurements were as follows: June 30, 2019 Fair Weighted Assets Value Valuation Technique Unobservable Inputs Average (Dollars in thousands) Impaired loans $ 798 Comparable real estate sales and / or the income approach. Adjustments for differences between comparable sales and income data available. 5% Estimated selling costs. 7% December 31, 2018 Fair Weighted Assets Value Valuation Technique Unobservable Inputs Average (Dollars in thousands) Impaired loans $ 609 Comparable real estate sales and / or the income approach. Adjustments for differences between comparable sales and income data available. 5% Estimated selling costs. 7%
Schedule of Fair Value Estimates for the Financial Instruments	Fair value estimates for the Corporation’s financial instruments are summarized below: Fair Value Measurements Using: Carrying Value Quoted Prices in Active Markets for Identical Assets (Level 1) Significant Other Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) June 30, 2019 (In thousands) Financial assets: Cash and cash equivalents $ 12,610 $ 12,610 $ — $ — Securities available-for-sale 96,117 — 96,117 — Securities held-to-maturity 62,264 — 62,446 — Other equity investments 1,693 1,633 60 — FHLB-NY stock 4,091 N/A N/A N/A Loans, net 748,055 — — 737,503 Interest rate swap — — — — Financial liabilities: Deposits 781,945 589,355 193,488 — FHLB-NY advances 67,400 — 68,100 — Subordinated Debentures and Subordinated Notes 23,415 — — 23,746 Interest rate swap 967 — 967 — Fair Value Measurements Using: Carrying Value Quoted Prices in Active Markets for Identical Assets (Level 1) Significant Other Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) December 31, 2018 (In thousands) Financial assets: Cash and cash equivalents $ 16,823 $ 16,823 $ — $ — Securities available-for-sale 108,811 — 108,811 — Securities held-to-maturity 62,308 — 60,997 — Other equity investments 1,648 1,588 60 — FHLB-NY stock 3,965 N/A N/A N/A Loans, net 725,404 — — 704,273 Interest rate swap 134 — 134 — Financial liabilities: Deposits 782,091 578,460 201,846 — FHLB-NY advances 65,700 — 65,477 — Subordinated Debentures and Subordinated Notes 23,382 — — 23,441 Interest rate swap 246 — 246 —

Earnings Per Share (Tables)

Earnings Per Share (Tables)	6 Months Ended
	Jun. 30, 2019
Earnings Per Share [Abstract]
Schedule of Earnings Per Common Share	The following reconciles the income available to common shareholders (numerator) and the weighted average common stock outstanding (denominator) for both basic and diluted earnings per share. Three Months Ended Six Months Ended June 30, June 30, 2019 2018 2019 2018 (Dollars in thousands) Net income $ 1,453 $ 2,301 $ 3,100 $ 4,109 Weighted average common shares outstanding - basic 8,713,110 8,675,868 8,700,609 8,667,235 Effect of dilutive securities - stock options N/A N/A N/A N/A Weighted average common shares outstanding - diluted 8,713,110 8,675,868 8,700,609 8,667,235 Basic earnings per common share $ 0.17 $ 0.27 $ 0.36 $ 0.47 Diluted earnings per common share $ 0.17 $ 0.27 $ 0.36 $ 0.47

Accumulated Other Comprehensi_2

Accumulated Other Comprehensive Income (Tables)	6 Months Ended
	Jun. 30, 2019
Stockholders' Equity Note [Abstract]
Schedule of Components of Comprehensive Income	The components of other comprehensive income, both gross and net of tax, are presented for the periods below: Three Months Ended June 30, 2019 2018 Gross Tax Net Gross Tax Net (In thousands) Other comprehensive income (loss): Change in unrealized holding gains (losses) on securities available-for-sale $ 1,277 $ (366 ) $ 911 $ (488 ) $ 129 $ (359 ) Reclassification adjustment for gains in net income (1 ) — (1 ) — — — Accretion of loss on securities reclassified to held-to-maturity 4 (1 ) 3 9 (5 ) 4 Change in fair value of interest rate swap (556 ) 161 (395 ) 74 (21 ) 53 Reclassification adjustment for interest rate swap interest expense in net income 7 (2 ) 5 3 (1 ) 2 Total other comprehensive income (loss) $ 731 $ (208 ) $ 523 $ (402 ) $ 102 $ (300 ) Six Months Ended June 30, 2019 2018 Gross Tax Net Gross Tax Net (In thousands) Other comprehensive income (loss): Change in unrealized holding gains (losses) on securities available-for-sale $ 2,620 $ (747 ) $ 1,873 $ (1,832 ) $ 480 $ (1,352 ) Reclassification adjustment for gains in net income (3 ) 1 (2 ) (6 ) 2 (4 ) Accretion of loss on securities reclassified to held-to-maturity 7 (2 ) 5 18 (5 ) 13 Change in fair value of interest rate swap (865 ) 251 (614 ) 294 (83 ) 211 Reclassification adjustment for interest rate swap interest expense in net income 10 (3 ) 7 15 (4 ) 11 Total other comprehensive income (loss) $ 1,769 $ (500 ) $ 1,269 $ (1,511 ) $ 390 $ (1,121 )
Schedule of Components of Accumulated Other Comprehensive Income	The following tables present the after-tax changes in the balances of each component of accumulated other comprehensive income (loss) for the three and six months ended June 30, 2019 and 2018 . Three Months Ended June 30, 2019 Components of Accumulated Total Unrealized Gains / (Losses) on Loss on Securities Unrealized Accumulated (In thousands) Balance at March 31, 2019 $ (860 ) $ (36 ) $ (294 ) $ (1,190 ) Other comprehensive income (loss) before reclassifications 911 3 (395 ) 519 Amounts reclassified from other comprehensive income (loss) (1 ) — 5 4 Other comprehensive income (loss) 910 3 (390 ) 523 Balance at June 30, 2019 $ 50 $ (33 ) $ (684 ) $ (667 ) Six Months Ended June 30, 2019 Components of Accumulated Total Unrealized Gains / (Losses) on Loss on Securities Unrealized Accumulated (In thousands) Balance at December 31, 2018 $ (1,821 ) $ (38 ) $ (77 ) $ (1,936 ) Other comprehensive income (loss) before reclassifications 1,873 5 (614 ) 1,264 Amounts reclassified from other comprehensive income (loss) (2 ) — 7 5 Other comprehensive income (loss) 1,871 5 (607 ) 1,269 Balance at June 30, 2019 $ 50 $ (33 ) $ (684 ) $ (667 ) Three Months Ended June 30, 2018 Components of Accumulated Total Unrealized Gains / (Losses) on Loss on Securities Unrealized Accumulated (In thousands) Balance at March 31, 2018 $ (2,137 ) $ (51 ) $ 146 $ (2,042 ) Other comprehensive income (loss) before reclassifications (359 ) 4 53 (302 ) Amounts reclassified from other comprehensive income (loss) — — 2 2 Other comprehensive income (loss) (359 ) 4 55 (300 ) Balance at June 30, 2018 $ (2,496 ) $ (47 ) $ 201 $ (2,342 ) Six Months Ended June 30, 2018 Components of Accumulated Total Unrealized Gains / (Losses) on Loss on Securities Unrealized Accumulated (In thousands) Balance at December 31, 2017 $ (1,303 ) $ (60 ) $ (21 ) $ (1,384 ) Other comprehensive income (loss) before reclassifications (1,352 ) 13 211 (1,128 ) Amounts reclassified from other comprehensive income (loss) (4 ) — 11 7 Other comprehensive income (loss) (1,356 ) 13 222 (1,121 ) Reclassification due to the adoption of ASU No. 2016-01 163 — — 163 Balance at June 30, 2018 $ (2,496 ) $ (47 ) $ 201 $ (2,342 )
Schedule of Amount Reclassified from Each Component of Accumulated Other Comprehensive Income	The following tables present amounts reclassified from each component of accumulated other comprehensive income on a gross and net of tax basis for the six months ended June 30, 2019 and 2018 . Three Months Ended Income Components of Accumulated Other June 30, Statement Comprehensive Income (Loss) 2019 2018 Line Item (In thousands) Unrealized gains on securities available-for-sale, before tax $ 1 $ — Gains on securities transactions, net Tax effect — — Total, net of tax 1 — Unrealized losses on derivatives before tax (7 ) (3 ) Interest expense on derivatives Tax effect 2 1 Total, net of tax (5 ) (2 ) Total reclassifications, net of tax $ (4 ) $ (2 ) Six Months Ended Income Components of Accumulated Other June 30, Statement Comprehensive Income (Loss) 2019 2018 Line Item (In thousands) Unrealized gains on securities available-for-sale, before tax $ 3 $ 6 Gains on securities transactions, net Tax effect (1 ) (2 ) Total, net of tax 2 4 Unrealized losses on derivatives before tax (10 ) (15 ) Interest expense on derivatives Tax effect 3 4 Total, net of tax (7 ) (11 ) Total reclassifications, net of tax $ (5 ) $ (7 )

Leases (Tables)

Leases (Tables)	6 Months Ended
	Jun. 30, 2019
Leases [Abstract]
Schedule of Maturity of Lease Liabilities	The following table presents a maturity analysis of the operating lease liability at June 30, 2019 , in thousands: Maturities of Lease Liabilities (In thousands) Six months ended December 31, 2019 $ 355 Year ended December 31, 2020 646 Year ended December 31, 2021 489 Year ended December 31, 2022 474 Thereafter 1,079 Lease Liability June 30, 2019 $ 3,043
Schedule of Future Minimum Rental Payments	The following table presents future minimum rental payments as of June 30, 2019 : Expires June 30, Minimum Rent (In thousands) 2020 $ 772 2021 578 2022 529 2023 443 2024 359 Thereafter 502 $ 3,183

Summary of Significant Accoun_3

Summary of Significant Accounting Policies Narrative (Details) - USD ($) $ / shares in Units, $ in Thousands	Jun. 30, 2019	Jan. 01, 2019	Dec. 31, 2018
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Merger, pro forma assets	$ 964,264		$ 955,630
Federal Home Loan Bank of New York advances	67,400		65,700
Merger, pro forma deposits	781,945		$ 782,091
Lease liability	3,043
Right of use asset	2,917
Accounting Standards Update 2016-02
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Lease liability		$ 3,400
Right of use asset		$ 3,300
Pro Forma | Columbia Financial, Inc.
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Merger, pro forma assets	7,900,000
Federal Home Loan Bank of New York advances	5,800,000
Merger, pro forma deposits	$ 5,500,000
Common stock, distribution to shareholders (in dollars per share)	$ 15.75

Securities - Available-for-Sa_3

Securities - Available-for-Sale and Held to Maturity (Schedule of Amortized Cost, Fair Value of Securities Available For Sale and Related Gross Unrealized Gains and Losses) (Details) - USD ($) $ in Thousands	Jun. 30, 2019	Dec. 31, 2018
Debt Securities, Available-for-sale [Line Items]
Available-for-sale securities, amortized cost basis	$ 96,070	$ 111,381
Available-for-sale securities, gross unrealized gains	450	137
Available-for-sale securities, gross unrealized losses	(403)	(2,707)
Available-for-sale securities, fair value	96,117	108,811
U.S. government-sponsored agencies
Debt Securities, Available-for-sale [Line Items]
Available-for-sale securities, amortized cost basis	17,475	26,232
Available-for-sale securities, gross unrealized gains	13	15
Available-for-sale securities, gross unrealized losses	(46)	(498)
Available-for-sale securities, fair value	17,442	25,749
Obligations of state and political subdivisions
Debt Securities, Available-for-sale [Line Items]
Available-for-sale securities, amortized cost basis	3,198	3,205
Available-for-sale securities, gross unrealized gains	17	0
Available-for-sale securities, gross unrealized losses	(1)	(84)
Available-for-sale securities, fair value	3,214	3,121
Mortgage-backed securities
Debt Securities, Available-for-sale [Line Items]
Available-for-sale securities, amortized cost basis	58,293	63,659
Available-for-sale securities, gross unrealized gains	316	68
Available-for-sale securities, gross unrealized losses	(246)	(1,564)
Available-for-sale securities, fair value	58,363	62,163
Asset-backed securities
Debt Securities, Available-for-sale [Line Items]
Available-for-sale securities, amortized cost basis	3,770	4,916
Available-for-sale securities, gross unrealized gains	1	6
Available-for-sale securities, gross unrealized losses	(27)	0
Available-for-sale securities, fair value	3,744	4,922
Corporate debt
Debt Securities, Available-for-sale [Line Items]
Available-for-sale securities, amortized cost basis	13,334	13,369
Available-for-sale securities, gross unrealized gains	103	48
Available-for-sale securities, gross unrealized losses	(83)	(561)
Available-for-sale securities, fair value	$ 13,354	$ 12,856

Securities - Available-for-Sa_4

Securities - Available-for-Sale and Held to Maturity (Narrative) (Details)	3 Months Ended		6 Months Ended
	Jun. 30, 2019USD ($)loansecurity	Jun. 30, 2018USD ($)	Jun. 30, 2019USD ($)loansecurity	Jun. 30, 2018USD ($)
Investments, Debt and Equity Securities [Abstract]
Proceeds from sales and calls on securities available-for-sale | $	$ 4,000,000	$ 0	$ 8,170,000	$ 1,006,000
Gross gains realized from sales or calls of available-for-sale securities | $	1,000	0	3,000	6,000
Gross losses realized from sales or calls of available for sale securities | $	0	0	0	0
Proceeds from calls on securities held-to-maturity | $	500,000	0	1,605,000	280,000
Gross gains realized from calls of held to maturity securities | $	0	0	0	0
Gross losses realized from calls of held to maturity securities | $	$ 0	$ 0	$ 0	$ 0
U.S. government-sponsored agencies
Debt Securities, Available-for-sale [Line Items]
Debt securities, available-for-sale, number of positions	9		9
Held-to-maturity securities, number of positions	11		11
Obligations of state and political subdivisions
Debt Securities, Available-for-sale [Line Items]
Debt securities, available-for-sale, number of positions	1		1
Held-to-maturity securities, number of positions	1		1
Mortgage-backed securities
Debt Securities, Available-for-sale [Line Items]
Debt securities, available-for-sale, number of positions	44		44
Held-to-maturity securities, number of positions | loan	17		17
Asset-backed securities
Debt Securities, Available-for-sale [Line Items]
Debt securities, available-for-sale, number of positions	1		1
Corporate debt securities
Debt Securities, Available-for-sale [Line Items]
Debt securities, available-for-sale, number of positions	8		8
U.S. Treasury
Debt Securities, Available-for-sale [Line Items]
Held-to-maturity securities, number of positions	1		1

Securities - Available-for-Sa_5

Securities - Available-for-Sale and Held to Maturity (Schedule of Held to Maturity Securities and Related Unrecognized Gains and Losses) (Details) - USD ($) $ in Thousands	Jun. 30, 2019	Dec. 31, 2018
Debt Securities, Held-to-maturity [Abstract]
Amortized Cost	$ 62,264	$ 62,308
Gross Unrealized Gains	307	81
Gross Unrealized Losses	(125)	(1,392)
Fair value	62,446	60,997
U.S. Treasury
Debt Securities, Held-to-maturity [Abstract]
Amortized Cost	1,000	999
Gross Unrealized Gains	0	0
Gross Unrealized Losses	(5)	(14)
Fair value	995	985
U.S. government-sponsored agencies
Debt Securities, Held-to-maturity [Abstract]
Amortized Cost	36,563	35,565
Gross Unrealized Gains	50	20
Gross Unrealized Losses	(84)	(976)
Fair value	36,529	34,609
Obligations of state and political subdivisions
Debt Securities, Held-to-maturity [Abstract]
Amortized Cost	1,914	2,358
Gross Unrealized Gains	11	14
Gross Unrealized Losses	(11)	(27)
Fair value	1,914	2,345
Mortgage-backed securities
Debt Securities, Held-to-maturity [Abstract]
Amortized Cost	22,787	23,386
Gross Unrealized Gains	246	47
Gross Unrealized Losses	(25)	(375)
Fair value	$ 23,008	$ 23,058

Securities - Available-for-Sa_6

Securities - Available-for-Sale and Held to Maturity (Schedule of Amortized Cost and Fair Value of the Investment Securities Portfolio by Contractual Maturity) (Details) - USD ($) $ in Thousands	Jun. 30, 2019	Dec. 31, 2018
Available-for-sale, Amortized Cost
Within one year	$ 2,134
After one year, but within five years	13,870
After five years, but within ten years	14,008
After ten years	3,995
Amortized Cost	96,070	$ 111,381
Available-for-sale, Fair Value
Within one year	2,129
After one year, but within five years	13,840
After five years, but within ten years	14,077
After ten years	3,964
Fair Value	96,117	108,811
Held to maturity, Amortized Cost
Within one year	1,670
After one year, but within five years	20,329
After five years, but within ten years	16,994
After ten years	484
Securities held-to-maturity	62,264	62,308
Held to maturity, Fair Value
Within one year	1,670
After one year, but within five years	20,327
After five years, but within ten years	16,968
After ten years	473
Fair value	62,446	60,997
Mortgage-backed securities
Available-for-sale, Amortized Cost
Amortized Cost	58,293	63,659
Available-for-sale, Fair Value
Fair Value	58,363	62,163
Held to maturity, Amortized Cost
Securities held-to-maturity	22,787
Held to maturity, Fair Value
Fair value	23,008	23,058
Asset-backed securities
Available-for-sale, Amortized Cost
Amortized Cost	3,770	4,916
Available-for-sale, Fair Value
Fair Value	$ 3,744	$ 4,922

Securities - Available-for-Sa_7

Securities - Available-for-Sale and Held to Maturity (Schedule of Continuous Unrealized Loss Position for Investment Securities Available for Sale) (Details) - USD ($) $ in Thousands	Jun. 30, 2019	Dec. 31, 2018
Available for sale, temporarily impaired securities
Less than 12 Months, Fair Value	$ 2,027	$ 7,069
Less than 12 Months, Unrealized Losses	(4)	(19)
12 Months or Longer, Fair Value	40,427	76,840
12 Months or Longer, Unrealized Losses	(399)	(2,688)
Fair Value	42,454	83,909
Unrealized Losses	(403)	(2,707)
Held to maturity securities,temporarily impaired securities
Less than 12 Months, Fair Value	1,993	8,381
Less than 12 Months, Unrealized Losses	(7)	(76)
12 Months or Longer, Fair Value	19,402	37,122
12 Months or Longer, Unrealized Losses	(118)	(1,316)
Fair Value	21,395	45,503
Unrealized Losses	(125)	(1,392)
U.S. Treasury
Held to maturity securities,temporarily impaired securities
Less than 12 Months, Fair Value	0	0
Less than 12 Months, Unrealized Losses	0	0
12 Months or Longer, Fair Value	995	985
12 Months or Longer, Unrealized Losses	(5)	(14)
Fair Value	995	985
Unrealized Losses	(5)	(14)
U.S. government-sponsored agencies
Available for sale, temporarily impaired securities
Less than 12 Months, Fair Value	998	0
Less than 12 Months, Unrealized Losses	(2)	0
12 Months or Longer, Fair Value	6,798	17,432
12 Months or Longer, Unrealized Losses	(44)	(498)
Fair Value	7,796	17,432
Unrealized Losses	(46)	(498)
Held to maturity securities,temporarily impaired securities
Less than 12 Months, Fair Value	1,993	2,496
Less than 12 Months, Unrealized Losses	(7)	(9)
12 Months or Longer, Fair Value	11,811	24,595
12 Months or Longer, Unrealized Losses	(77)	(967)
Fair Value	13,804	27,091
Unrealized Losses	(84)	(976)
Obligations of state and political subdivisions
Available for sale, temporarily impaired securities
Less than 12 Months, Fair Value	0	0
Less than 12 Months, Unrealized Losses	0	0
12 Months or Longer, Fair Value	310	3,121
12 Months or Longer, Unrealized Losses	(1)	(84)
Fair Value	310	3,121
Unrealized Losses	(1)	(84)
Held to maturity securities,temporarily impaired securities
Less than 12 Months, Fair Value	0	0
Less than 12 Months, Unrealized Losses	0	0
12 Months or Longer, Fair Value	473	461
12 Months or Longer, Unrealized Losses	(11)	(27)
Fair Value	473	461
Unrealized Losses	(11)	(27)
Mortgage-backed securities
Available for sale, temporarily impaired securities
Less than 12 Months, Fair Value	530	4,177
Less than 12 Months, Unrealized Losses	(1)	(19)
12 Months or Longer, Fair Value	22,966	47,479
12 Months or Longer, Unrealized Losses	(245)	(1,545)
Fair Value	23,496	51,656
Unrealized Losses	(246)	(1,564)
Held to maturity securities,temporarily impaired securities
Less than 12 Months, Fair Value	0	5,885
Less than 12 Months, Unrealized Losses	0	(67)
12 Months or Longer, Fair Value	6,123	11,081
12 Months or Longer, Unrealized Losses	(25)	(308)
Fair Value	6,123	16,966
Unrealized Losses	(25)	(375)
Asset-backed securities
Available for sale, temporarily impaired securities
Less than 12 Months, Fair Value	0	2,892
Less than 12 Months, Unrealized Losses	0	0
12 Months or Longer, Fair Value	2,650	0
12 Months or Longer, Unrealized Losses	(27)	0
Fair Value	2,650	2,892
Unrealized Losses	(27)	0
Corporate debt
Available for sale, temporarily impaired securities
Less than 12 Months, Fair Value	499	0
Less than 12 Months, Unrealized Losses	(1)	0
12 Months or Longer, Fair Value	7,703	8,808
12 Months or Longer, Unrealized Losses	(82)	(561)
Fair Value	8,202	8,808
Unrealized Losses	$ (83)	$ (561)

Loans and Allowance for Loan _3

Loans and Allowance for Loan Losses (Loan Portfolio Schedule) (Details) - USD ($) $ in Thousands	Jun. 30, 2019	Dec. 31, 2018
Loans and Leases Receivable Disclosure [Line Items]
Total gross loans	$ 756,994	$ 733,787
Less: Deferred loan costs, net	535	457
Allowance for loan losses	8,404	7,926
Allowance net of deferred loan fees	8,939	8,383
Loans, net	748,055	725,404
Commercial
Loans and Leases Receivable Disclosure [Line Items]
Total gross loans	106,892	93,755
Allowance for loan losses	3,159	2,703
Commercial | Secured by real estate
Loans and Leases Receivable Disclosure [Line Items]
Total gross loans	30,139	28,790
Commercial | Other
Loans and Leases Receivable Disclosure [Line Items]
Total gross loans	76,753	64,965
Commercial real estate
Loans and Leases Receivable Disclosure [Line Items]
Total gross loans	514,289	504,522
Allowance for loan losses	4,947	4,947
Commercial construction
Loans and Leases Receivable Disclosure [Line Items]
Total gross loans	11,419	9,787
Allowance for loan losses	177	131
Residential real estate
Loans and Leases Receivable Disclosure [Line Items]
Total gross loans	78,798	82,491
Allowance for loan losses	49	65
Consumer
Loans and Leases Receivable Disclosure [Line Items]
Total gross loans	39,082	36,575
Allowance for loan losses	64	68
Consumer | Secured by real estate
Loans and Leases Receivable Disclosure [Line Items]
Total gross loans	38,421	36,120
Consumer | Other
Loans and Leases Receivable Disclosure [Line Items]
Total gross loans	661	455
Government Guaranteed
Loans and Leases Receivable Disclosure [Line Items]
Total gross loans	6,419	6,559
Allowance for loan losses	0	0
Other
Loans and Leases Receivable Disclosure [Line Items]
Total gross loans	95	98
Allowance for loan losses	$ 1	$ 1

Loans and Allowance for Loan _4

Loans and Allowance for Loan Losses (Narrative) (Details)	3 Months Ended		6 Months Ended
	Jun. 30, 2019USD ($)	Jun. 30, 2018USD ($)loan	Jun. 30, 2019USD ($)loan	Dec. 31, 2018USD ($)
Loans and Leases Receivable Disclosure [Line Items]
Total gross loans	$ 756,994,000		$ 756,994,000	$ 733,787,000
Unpaid principal balance of loans serviced for others	15,800,000		15,800,000	14,300,000
Loans past due 90 days and still accruing	0		0	0
Interest Income recognized on a cash basis	0	$ 0
Total value of modified loans in troubled debt restructurings	3,900,000		3,900,000	6,300,000
Trouble debt restructuring classified as performing		$ 3,800,000		5,700,000
Specific reserve related to TDR	630,000		630,000	649,000
Committed funds for construction loan, classified as troubled debt restructuring	0		$ 0	0
Number of loans | loan		0	0
Commercial portfolio segment
Loans and Leases Receivable Disclosure [Line Items]
Total gross loans	106,892,000		$ 106,892,000	93,755,000
Commercial real estate
Loans and Leases Receivable Disclosure [Line Items]
Total gross loans	514,289,000		514,289,000	$ 504,522,000
Small Business Administration Loans | Commercial portfolio segment
Loans and Leases Receivable Disclosure [Line Items]
Total gross loans	946,000		946,000
Small Business Administration Loans | Commercial real estate
Loans and Leases Receivable Disclosure [Line Items]
Total gross loans	$ 4,245,000		$ 4,245,000

Loans and Allowance for Loan _5

Loans and Allowance for Loan Losses (Schedule of Allowance for Loan Losses) (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018
Activity in the allowance for loan losses
Balance, beginning of period	$ 8,018	$ 8,445	$ 7,926	$ 8,762
Provision charged to operations	330	(780)	395	(1,115)
Loans charged off	0	0	0	(30)
Recoveries of loans charged off	56	688	83	736
Balance, end of period	8,404	8,353	8,404	8,353
Commercial
Activity in the allowance for loan losses
Balance, beginning of period	2,966	2,865	2,703	3,058
Provision charged to operations	153	(9)	404	(198)
Loans charged off	0	0	0	(29)
Recoveries of loans charged off	40	75	52	100
Balance, end of period	3,159	2,931	3,159	2,931
Commercial real estate
Activity in the allowance for loan losses
Balance, beginning of period	4,753	5,349	4,947	5,531
Provision charged to operations	178	(757)	(31)	(961)
Loans charged off	0	0	0	0
Recoveries of loans charged off	16	612	31	634
Balance, end of period	4,947	5,204	4,947	5,204
Commercial construction
Activity in the allowance for loan losses
Balance, beginning of period	150	81	131	33
Provision charged to operations	27	(10)	46	38
Loans charged off	0	0	0	0
Recoveries of loans charged off	0	0	0	0
Balance, end of period	177	71	177	71
Residential real estate
Activity in the allowance for loan losses
Balance, beginning of period	76	72	65	68
Provision charged to operations	(27)	(3)	(16)	1
Loans charged off	0	0	0	0
Recoveries of loans charged off	0	0	0	0
Balance, end of period	49	69	49	69
Consumer
Activity in the allowance for loan losses
Balance, beginning of period	61	67	68	64
Provision charged to operations	3	2	(4)	4
Loans charged off	0	0	0	0
Recoveries of loans charged off	0	0	0	1
Balance, end of period	64	69	64	69
Other
Activity in the allowance for loan losses
Balance, beginning of period	1	0	1	1
Provision charged to operations	0	0	0	0
Loans charged off	0	0	0	(1)
Recoveries of loans charged off	0	1	0	1
Balance, end of period	1	1	1	1
Unallocated
Activity in the allowance for loan losses
Balance, beginning of period	11	11	11	7
Provision charged to operations	(4)	(3)	(4)	1
Loans charged off	0	0	0	0
Recoveries of loans charged off	0	0	0	0
Balance, end of period	$ 7	$ 8	$ 7	$ 8

Loans and Allowance for Loan _6

Loans and Allowance for Loan Losses (Schedule of Allowance for Loan Losses and Recorded Investment in Loans by Portfolio Segment) (Details) - USD ($) $ in Thousands	Jun. 30, 2019	Dec. 31, 2018
Allowance for loan losses, ending allowance balance attributable to loans
Individually evaluated for impairment	$ 697	$ 649
Collectively evaluated for impairment	7,707	7,277
Total ending allowance balance	8,404	7,926
Loans
Loans individually evaluated for impairment	5,712	7,288
Loans collectively evaluated for impairment	751,282	726,499
Total loans	756,994	733,787
Commercial
Allowance for loan losses, ending allowance balance attributable to loans
Individually evaluated for impairment	95	88
Collectively evaluated for impairment	3,064	2,615
Total ending allowance balance	3,159	2,703
Loans
Loans individually evaluated for impairment	593	633
Loans collectively evaluated for impairment	106,299	93,122
Total loans	106,892	93,755
Commercial real estate
Allowance for loan losses, ending allowance balance attributable to loans
Individually evaluated for impairment	602	561
Collectively evaluated for impairment	4,345	4,386
Total ending allowance balance	4,947	4,947
Loans
Loans individually evaluated for impairment	3,890	6,079
Loans collectively evaluated for impairment	510,399	498,443
Total loans	514,289	504,522
Commercial construction
Allowance for loan losses, ending allowance balance attributable to loans
Individually evaluated for impairment	0	0
Collectively evaluated for impairment	177	131
Total ending allowance balance	177	131
Loans
Loans individually evaluated for impairment	0	0
Loans collectively evaluated for impairment	11,419	9,787
Total loans	11,419	9,787
Residential real estate
Allowance for loan losses, ending allowance balance attributable to loans
Individually evaluated for impairment	0	0
Collectively evaluated for impairment	49	65
Total ending allowance balance	49	65
Loans
Loans individually evaluated for impairment	1,229	576
Loans collectively evaluated for impairment	77,569	81,915
Total loans	78,798	82,491
Consumer
Allowance for loan losses, ending allowance balance attributable to loans
Individually evaluated for impairment	0	0
Collectively evaluated for impairment	64	68
Total ending allowance balance	64	68
Loans
Loans individually evaluated for impairment	0	0
Loans collectively evaluated for impairment	39,082	36,575
Total loans	39,082	36,575
Government Guaranteed
Allowance for loan losses, ending allowance balance attributable to loans
Individually evaluated for impairment	0	0
Collectively evaluated for impairment	0	0
Total ending allowance balance	0	0
Loans
Loans individually evaluated for impairment	0	0
Loans collectively evaluated for impairment	6,419	6,559
Total loans	6,419	6,559
Other
Allowance for loan losses, ending allowance balance attributable to loans
Individually evaluated for impairment	0	0
Collectively evaluated for impairment	1	1
Total ending allowance balance	1	1
Loans
Loans individually evaluated for impairment	0	0
Loans collectively evaluated for impairment	95	98
Total loans	95	98
Unallocated
Allowance for loan losses, ending allowance balance attributable to loans
Individually evaluated for impairment	0	0
Collectively evaluated for impairment	7	11
Total ending allowance balance	7	11
Loans
Loans individually evaluated for impairment	0	0
Loans collectively evaluated for impairment	0	0
Total loans	$ 0	$ 0

Loans and Allowance for Loan _7

Loans and Allowance for Loan Losses (Schedule of Recorded Investment in Nonaccrual Loans) (Details) - USD ($) $ in Thousands	Jun. 30, 2019	Dec. 31, 2018
Loans and Leases Receivable Disclosure [Line Items]
Total nonaccrual loans	$ 1,906	$ 1,544
Commercial portfolio segment | Secured by real estate
Loans and Leases Receivable Disclosure [Line Items]
Total nonaccrual loans	369	394
Commercial real estate
Loans and Leases Receivable Disclosure [Line Items]
Total nonaccrual loans	308	574
Residential real estate
Loans and Leases Receivable Disclosure [Line Items]
Total nonaccrual loans	$ 1,229	$ 576

Loans and Allowance for Loan _8

Loans and Allowance for Loan Losses (Schedule of Recorded Investments in Impaired Loans) (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018	Dec. 31, 2018
With no related allowance recorded:
Unpaid Principal Balance	$ 2,606		$ 2,606		$ 4,363
Recorded Investment	2,289		2,289		3,993
With an allowance recorded:
Unpaid Principal Balance	3,423		3,423		3,295
Recorded Investment	3,423		3,423		3,295
Allowance for Loan Losses Allocated	697		697		649
Total impaired loans
Total Unpaid Principal Balance	6,029		6,029		7,658
Total Recorded Investment	5,712		5,712		7,288
Average Recorded Investment	3,110	$ 3,917	3,405	$ 3,902
Interest Income Recognized	25	32	58	63
Average Recorded Investment	3,430	3,275	3,384	3,273
Interest Income Recognized	43	44	86	85
Impaired Financing Receivable, Average Recorded Investment	6,540	7,192	6,789	7,175
Impaired Financing Receivable, Interest Income, Accrual Method	68	76	144	148
Commercial | Secured by real estate
With no related allowance recorded:
Unpaid Principal Balance	415		415		447
Recorded Investment	384		384		416
With an allowance recorded:
Unpaid Principal Balance	91		91		95
Recorded Investment	91		91		95
Allowance for Loan Losses Allocated	91		91		83
Total impaired loans
Total Unpaid Principal Balance	506		506		542
Total Recorded Investment	475		475		511
Average Recorded Investment	399	525	405	480
Interest Income Recognized	1	4	1	8
Average Recorded Investment	92	50	93	44
Interest Income Recognized	1	1	2	1
Commercial | Other
With an allowance recorded:
Unpaid Principal Balance	118		118		122
Recorded Investment	118		118		122
Allowance for Loan Losses Allocated	4		4		5
Total impaired loans
Total Unpaid Principal Balance	118		118		122
Total Recorded Investment	118		118		122
Average Recorded Investment	119	126	120	126
Interest Income Recognized	2	2	4	4
Commercial real estate
With no related allowance recorded:
Unpaid Principal Balance	936		936		3,329
Recorded Investment	676		676		3,001
With an allowance recorded:
Unpaid Principal Balance	3,214		3,214		3,078
Recorded Investment	3,214		3,214		3,078
Allowance for Loan Losses Allocated	602		602		561
Total impaired loans
Total Unpaid Principal Balance	4,150		4,150		6,407
Total Recorded Investment	3,890		3,890		6,079
Average Recorded Investment	1,817	3,076	2,212	3,091
Interest Income Recognized	24	28	57	55
Average Recorded Investment	3,219	3,099	3,171	3,103
Interest Income Recognized	40	41	80	80
Residential real estate
With no related allowance recorded:
Unpaid Principal Balance	1,255		1,255		587
Recorded Investment	1,229		1,229		576
With an allowance recorded:
Allowance for Loan Losses Allocated	0		0		0
Total impaired loans
Total Unpaid Principal Balance	1,255		1,255		587
Total Recorded Investment	1,229		1,229		$ 576
Average Recorded Investment	894	285	788	289
Interest Income Recognized	0	0	0	0
Consumer Portfolio Segment [Member] | Secured by real estate
Total impaired loans
Average Recorded Investment	0	31	0	42
Interest Income Recognized	$ 0	$ 0	$ 0	$ 0

Loans and Allowance for Loan _9

Loans and Allowance for Loan Losses (Schedule of Average Recorded Investments in Impaired Loans) (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018
With no related allowance recorded:
Average Recorded Investment	$ 3,110	$ 3,917	$ 3,405	$ 3,902
Interest Income Recognized	25	32	58	63
With an allowance recorded:
Average Recorded Investment	3,430	3,275	3,384	3,273
Interest Income Recognized	43	44	86	85
Total Average Recorded Investment	6,540	7,192	6,789	7,175
Total Interest Income Recognized	68	76	144	148
Commercial portfolio segment | Secured by real estate
With no related allowance recorded:
Average Recorded Investment	399	525	405	480
Interest Income Recognized	1	4	1	8
With an allowance recorded:
Average Recorded Investment	92	50	93	44
Interest Income Recognized	1	1	2	1
Commercial portfolio segment | Other
With an allowance recorded:
Average Recorded Investment	119	126	120	126
Interest Income Recognized	2	2	4	4
Commercial real estate
With no related allowance recorded:
Average Recorded Investment	1,817	3,076	2,212	3,091
Interest Income Recognized	24	28	57	55
With an allowance recorded:
Average Recorded Investment	3,219	3,099	3,171	3,103
Interest Income Recognized	40	41	80	80
Residential real estate
With no related allowance recorded:
Average Recorded Investment	894	285	788	289
Interest Income Recognized	0	0	0	0
Consumer | Secured by real estate
With no related allowance recorded:
Average Recorded Investment	0	31	0	42
Interest Income Recognized	$ 0	$ 0	$ 0	$ 0

Loans and Allowance for Loan_10

Loans and Allowance for Loan Losses (Schedule of Aging of the Recorded Investment in Past Due Loans by Class of Loans) (Details) - USD ($) $ in Thousands	Jun. 30, 2019	Dec. 31, 2018
Aging analysis of past due loans
Total Past Due	$ 1,601	$ 3,527
Current	755,393	730,260
Total loans	756,994	733,787
30-59 Days Past Due
Aging analysis of past due loans
Total Past Due	0	2,274
60-89 Days Past Due
Aging analysis of past due loans
Total Past Due	328	42
Greater than 90 Days Past Due
Aging analysis of past due loans
Total Past Due	1,273	1,211
Commercial
Aging analysis of past due loans
Total loans	106,892	93,755
Commercial | Secured by real estate
Aging analysis of past due loans
Total Past Due	369	394
Current	29,770	28,396
Total loans	30,139	28,790
Commercial | Secured by real estate | 30-59 Days Past Due
Aging analysis of past due loans
Total Past Due	0	0
Commercial | Secured by real estate | 60-89 Days Past Due
Aging analysis of past due loans
Total Past Due	0	0
Commercial | Secured by real estate | Greater than 90 Days Past Due
Aging analysis of past due loans
Total Past Due	369	394
Commercial | Other
Aging analysis of past due loans
Total Past Due	0	6
Current	76,753	64,959
Total loans	76,753	64,965
Commercial | Other | 30-59 Days Past Due
Aging analysis of past due loans
Total Past Due	0	6
Commercial | Other | 60-89 Days Past Due
Aging analysis of past due loans
Total Past Due	0	0
Commercial | Other | Greater than 90 Days Past Due
Aging analysis of past due loans
Total Past Due	0	0
Commercial real estate
Aging analysis of past due loans
Total Past Due	256	2,664
Current	514,033	501,858
Total loans	514,289	504,522
Commercial real estate | 30-59 Days Past Due
Aging analysis of past due loans
Total Past Due	0	2,155
Commercial real estate | 60-89 Days Past Due
Aging analysis of past due loans
Total Past Due	0	0
Commercial real estate | Greater than 90 Days Past Due
Aging analysis of past due loans
Total Past Due	256	509
Commercial construction
Aging analysis of past due loans
Total Past Due	0	0
Current	11,419	9,787
Total loans	11,419	9,787
Commercial construction | 30-59 Days Past Due
Aging analysis of past due loans
Total Past Due	0	0
Commercial construction | 60-89 Days Past Due
Aging analysis of past due loans
Total Past Due	0	0
Commercial construction | Greater than 90 Days Past Due
Aging analysis of past due loans
Total Past Due	0	0
Residential real estate
Aging analysis of past due loans
Total Past Due	975	462
Current	77,823	82,029
Total loans	78,798	82,491
Residential real estate | 30-59 Days Past Due
Aging analysis of past due loans
Total Past Due	0	112
Residential real estate | 60-89 Days Past Due
Aging analysis of past due loans
Total Past Due	327	42
Residential real estate | Greater than 90 Days Past Due
Aging analysis of past due loans
Total Past Due	648	308
Consumer
Aging analysis of past due loans
Total loans	39,082	36,575
Consumer | Secured by real estate
Aging analysis of past due loans
Total Past Due	0	0
Current	38,421	36,120
Total loans	38,421	36,120
Consumer | Secured by real estate | 30-59 Days Past Due
Aging analysis of past due loans
Total Past Due	0	0
Consumer | Secured by real estate | 60-89 Days Past Due
Aging analysis of past due loans
Total Past Due	0	0
Consumer | Secured by real estate | Greater than 90 Days Past Due
Aging analysis of past due loans
Total Past Due	0	0
Consumer | Other
Aging analysis of past due loans
Total Past Due	1	1
Current	660	454
Total loans	661	455
Consumer | Other | 30-59 Days Past Due
Aging analysis of past due loans
Total Past Due	0	1
Consumer | Other | 60-89 Days Past Due
Aging analysis of past due loans
Total Past Due	1	0
Consumer | Other | Greater than 90 Days Past Due
Aging analysis of past due loans
Total Past Due	0	0
Government Guaranteed
Aging analysis of past due loans
Total Past Due	0	0
Current	6,419	6,559
Total loans	6,419	6,559
Government Guaranteed | 30-59 Days Past Due
Aging analysis of past due loans
Total Past Due	0	0
Government Guaranteed | 60-89 Days Past Due
Aging analysis of past due loans
Total Past Due	0	0
Government Guaranteed | Greater than 90 Days Past Due
Aging analysis of past due loans
Total Past Due	0	0
Other
Aging analysis of past due loans
Total Past Due	0	0
Current	95	98
Total loans	95	98
Other | 30-59 Days Past Due
Aging analysis of past due loans
Total Past Due	0	0
Other | 60-89 Days Past Due
Aging analysis of past due loans
Total Past Due	0	0
Other | Greater than 90 Days Past Due
Aging analysis of past due loans
Total Past Due	$ 0	$ 0

Loans and Allowance for Loan_11

Loans and Allowance for Loan Losses (Schedule of Loans by Credit Quality Indicators) (Details) - USD ($) $ in Thousands	Jun. 30, 2019	Dec. 31, 2018
Financing Receivable, Credit Quality Indicator [Line Items]
Total loans	$ 756,994	$ 733,787
Commercial
Financing Receivable, Credit Quality Indicator [Line Items]
Total loans	106,892	93,755
Commercial | Secured by real estate
Financing Receivable, Credit Quality Indicator [Line Items]
Total loans	30,139	28,790
Commercial | Other
Financing Receivable, Credit Quality Indicator [Line Items]
Total loans	76,753	64,965
Commercial real estate
Financing Receivable, Credit Quality Indicator [Line Items]
Total loans	514,289	504,522
Commercial construction
Financing Receivable, Credit Quality Indicator [Line Items]
Total loans	11,419	9,787
Government Guaranteed
Financing Receivable, Credit Quality Indicator [Line Items]
Total loans	6,419	6,559
Receivables Acquired with Deteriorated Credit Quality
Financing Receivable, Credit Quality Indicator [Line Items]
Total loans	639,019	614,623
Receivables Acquired with Deteriorated Credit Quality | Pass
Financing Receivable, Credit Quality Indicator [Line Items]
Total loans	629,533	597,324
Receivables Acquired with Deteriorated Credit Quality | Special Mention
Financing Receivable, Credit Quality Indicator [Line Items]
Total loans	2,494	8,501
Receivables Acquired with Deteriorated Credit Quality | Substandard
Financing Receivable, Credit Quality Indicator [Line Items]
Total loans	6,992	8,798
Receivables Acquired with Deteriorated Credit Quality | Doubtful
Financing Receivable, Credit Quality Indicator [Line Items]
Total loans	0	0
Receivables Acquired with Deteriorated Credit Quality | Loss
Financing Receivable, Credit Quality Indicator [Line Items]
Total loans	0	0
Receivables Acquired with Deteriorated Credit Quality | Commercial | Secured by real estate
Financing Receivable, Credit Quality Indicator [Line Items]
Total loans	30,139	28,790
Receivables Acquired with Deteriorated Credit Quality | Commercial | Secured by real estate | Pass
Financing Receivable, Credit Quality Indicator [Line Items]
Total loans	28,764	26,879
Receivables Acquired with Deteriorated Credit Quality | Commercial | Secured by real estate | Special Mention
Financing Receivable, Credit Quality Indicator [Line Items]
Total loans	272	1,234
Receivables Acquired with Deteriorated Credit Quality | Commercial | Secured by real estate | Substandard
Financing Receivable, Credit Quality Indicator [Line Items]
Total loans	1,103	677
Receivables Acquired with Deteriorated Credit Quality | Commercial | Secured by real estate | Doubtful
Financing Receivable, Credit Quality Indicator [Line Items]
Total loans	0	0
Receivables Acquired with Deteriorated Credit Quality | Commercial | Secured by real estate | Loss
Financing Receivable, Credit Quality Indicator [Line Items]
Total loans	0	0
Receivables Acquired with Deteriorated Credit Quality | Commercial | Other
Financing Receivable, Credit Quality Indicator [Line Items]
Total loans	76,753	64,965
Receivables Acquired with Deteriorated Credit Quality | Commercial | Other | Pass
Financing Receivable, Credit Quality Indicator [Line Items]
Total loans	75,407	63,438
Receivables Acquired with Deteriorated Credit Quality | Commercial | Other | Special Mention
Financing Receivable, Credit Quality Indicator [Line Items]
Total loans	119	181
Receivables Acquired with Deteriorated Credit Quality | Commercial | Other | Substandard
Financing Receivable, Credit Quality Indicator [Line Items]
Total loans	1,227	1,346
Receivables Acquired with Deteriorated Credit Quality | Commercial | Other | Doubtful
Financing Receivable, Credit Quality Indicator [Line Items]
Total loans	0	0
Receivables Acquired with Deteriorated Credit Quality | Commercial | Other | Loss
Financing Receivable, Credit Quality Indicator [Line Items]
Total loans	0	0
Receivables Acquired with Deteriorated Credit Quality | Commercial real estate
Financing Receivable, Credit Quality Indicator [Line Items]
Total loans	514,289	504,522
Receivables Acquired with Deteriorated Credit Quality | Commercial real estate | Pass
Financing Receivable, Credit Quality Indicator [Line Items]
Total loans	507,524	490,661
Receivables Acquired with Deteriorated Credit Quality | Commercial real estate | Special Mention
Financing Receivable, Credit Quality Indicator [Line Items]
Total loans	2,103	7,086
Receivables Acquired with Deteriorated Credit Quality | Commercial real estate | Substandard
Financing Receivable, Credit Quality Indicator [Line Items]
Total loans	4,662	6,775
Receivables Acquired with Deteriorated Credit Quality | Commercial real estate | Doubtful
Financing Receivable, Credit Quality Indicator [Line Items]
Total loans	0	0
Receivables Acquired with Deteriorated Credit Quality | Commercial real estate | Loss
Financing Receivable, Credit Quality Indicator [Line Items]
Total loans	0	0
Receivables Acquired with Deteriorated Credit Quality | Commercial construction
Financing Receivable, Credit Quality Indicator [Line Items]
Total loans	11,419	9,787
Receivables Acquired with Deteriorated Credit Quality | Commercial construction | Pass
Financing Receivable, Credit Quality Indicator [Line Items]
Total loans	11,419	9,787
Receivables Acquired with Deteriorated Credit Quality | Commercial construction | Special Mention
Financing Receivable, Credit Quality Indicator [Line Items]
Total loans	0	0
Receivables Acquired with Deteriorated Credit Quality | Commercial construction | Substandard
Financing Receivable, Credit Quality Indicator [Line Items]
Total loans	0	0
Receivables Acquired with Deteriorated Credit Quality | Commercial construction | Doubtful
Financing Receivable, Credit Quality Indicator [Line Items]
Total loans	0	0
Receivables Acquired with Deteriorated Credit Quality | Commercial construction | Loss
Financing Receivable, Credit Quality Indicator [Line Items]
Total loans	0	0
Receivables Acquired with Deteriorated Credit Quality | Government Guaranteed
Financing Receivable, Credit Quality Indicator [Line Items]
Total loans	6,419	6,559
Receivables Acquired with Deteriorated Credit Quality | Government Guaranteed | Pass
Financing Receivable, Credit Quality Indicator [Line Items]
Total loans	6,419	6,559
Receivables Acquired with Deteriorated Credit Quality | Government Guaranteed | Special Mention
Financing Receivable, Credit Quality Indicator [Line Items]
Total loans	0	0
Receivables Acquired with Deteriorated Credit Quality | Government Guaranteed | Substandard
Financing Receivable, Credit Quality Indicator [Line Items]
Total loans	0	0
Receivables Acquired with Deteriorated Credit Quality | Government Guaranteed | Doubtful
Financing Receivable, Credit Quality Indicator [Line Items]
Total loans	0	0
Receivables Acquired with Deteriorated Credit Quality | Government Guaranteed | Loss
Financing Receivable, Credit Quality Indicator [Line Items]
Total loans	$ 0	$ 0

Loans and Allowance for Loan_12

Loans and Allowance for Loan Losses (Schedule of Recorded Investment in Residential Real Estate and Consumer Loans Based on Payment Activity) (Details) - USD ($) $ in Thousands	Jun. 30, 2019	Dec. 31, 2018
Loans and Leases Receivable Disclosure [Line Items]
Total loans	$ 756,994	$ 733,787
Residential real estate
Loans and Leases Receivable Disclosure [Line Items]
Current	77,569	81,761
30 Days Past Due or Nonaccrual	1,229	730
Total loans	78,798	82,491
Consumer
Loans and Leases Receivable Disclosure [Line Items]
Total loans	39,082	36,575
Consumer | Secured by real estate
Loans and Leases Receivable Disclosure [Line Items]
Current	38,421	36,120
30 Days Past Due or Nonaccrual	0	0
Total loans	38,421	36,120
Consumer | Other
Loans and Leases Receivable Disclosure [Line Items]
Current	660	454
30 Days Past Due or Nonaccrual	1	1
Total loans	661	455
Residential real estate and consumer
Loans and Leases Receivable Disclosure [Line Items]
Current	116,650	118,335
30 Days Past Due or Nonaccrual	1,230	731
Total loans	$ 117,880	$ 119,066

Fair Value of Financial Instr_3

Fair Value of Financial Instruments (Schedule of Assets and Liabilities Measured at Fair Value on Recurring Basis) (Details) - USD ($) $ in Thousands	Jun. 30, 2019	Dec. 31, 2018
Assets:
Total available-for-sale securities	$ 96,117	$ 108,811
Other equity investments	1,693	1,648
Quoted Prices in Active Markets for Identical Assets (Level 1)
Assets:
Total available-for-sale securities	0	0
Other equity investments	1,633	1,588
Interest rate swap	0	0
Liabilities:
Interest rate swap	0	0
Significant Other Observable Inputs (Level 2)
Assets:
Total available-for-sale securities	96,117	108,811
Other equity investments	60	60
Interest rate swap	0	134
Liabilities:
Interest rate swap	967	246
Significant Unobservable Inputs (Level 3)
Assets:
Total available-for-sale securities	0	0
Other equity investments	0	0
Interest rate swap	0	0
Liabilities:
Interest rate swap	0	0
Carrying Value
Assets:
Total available-for-sale securities	96,117	108,811
Other equity investments	1,693	1,648
Interest rate swap	0	134
Liabilities:
Interest rate swap	967	246
Fair value measured on a recurring basis | Quoted Prices in Active Markets for Identical Assets (Level 1)
Assets:
U.S. government - sponsored agencies	0	0
Obligations of state and political subdivisions	0	0
Mortgage-backed securities	0	0
Asset-backed securities	0	0
Corporate debt	0	0
Total available-for-sale securities	0	0
Other equity investments	1,633	1,588
Interest rate swap	0	0
Liabilities:
Interest rate swap	0	0
Fair value measured on a recurring basis | Significant Other Observable Inputs (Level 2)
Assets:
U.S. government - sponsored agencies	17,442	25,749
Obligations of state and political subdivisions	3,214	3,121
Mortgage-backed securities	58,363	62,163
Asset-backed securities	3,744	4,922
Corporate debt	13,354	12,856
Total available-for-sale securities	96,117	108,811
Other equity investments	60	60
Interest rate swap	0	134
Liabilities:
Interest rate swap	967	246
Fair value measured on a recurring basis | Significant Unobservable Inputs (Level 3)
Assets:
U.S. government - sponsored agencies	0	0
Obligations of state and political subdivisions	0	0
Mortgage-backed securities	0	0
Asset-backed securities	0	0
Corporate debt	0	0
Total available-for-sale securities	0	0
Other equity investments	0	0
Interest rate swap	0	0
Liabilities:
Interest rate swap	0	0
Fair value measured on a recurring basis | Carrying Value
Assets:
U.S. government - sponsored agencies	17,442	25,749
Obligations of state and political subdivisions	3,214	3,121
Mortgage-backed securities	58,363	62,163
Asset-backed securities	3,744	4,922
Corporate debt	13,354	12,856
Total available-for-sale securities	96,117	108,811
Other equity investments	1,693	1,648
Interest rate swap	0	134
Liabilities:
Interest rate swap	$ 967	$ 246

Fair Value of Financial Instr_4

Fair Value of Financial Instruments (Schedule of Assets and Liabilities Measured at Fair Value on Non-recurring Basis) (Details) - USD ($) $ in Thousands	Jun. 30, 2019	Dec. 31, 2018
Carrying Value
Assets:
Loans, net	$ 748,055	$ 725,404
Fair value, measurements, nonrecurring | Carrying Value
Assets:
Loans, net	798	609
Quoted Prices in Active Markets for Identical Assets (Level 1)
Assets:
Loans, net	0	0
Quoted Prices in Active Markets for Identical Assets (Level 1) | Fair value, measurements, nonrecurring
Assets:
Loans, net	0	0
Significant Other Observable Inputs (Level 2)
Assets:
Loans, net	0	0
Significant Other Observable Inputs (Level 2) | Fair value, measurements, nonrecurring
Assets:
Loans, net	0	0
Significant Unobservable Inputs (Level 3)
Assets:
Loans, net	737,503	704,273
Significant Unobservable Inputs (Level 3) | Fair value, measurements, nonrecurring
Assets:
Loans, net	798	609
Commercial real estate | Fair value, measurements, nonrecurring | Carrying Value
Assets:
Loans, net	88
Commercial real estate | Quoted Prices in Active Markets for Identical Assets (Level 1) | Fair value, measurements, nonrecurring
Assets:
Loans, net	0
Commercial real estate | Significant Other Observable Inputs (Level 2) | Fair value, measurements, nonrecurring
Assets:
Loans, net	0
Commercial real estate | Significant Unobservable Inputs (Level 3) | Fair value, measurements, nonrecurring
Assets:
Loans, net	88
Commercial real estate | Real estate | Fair value, measurements, nonrecurring | Carrying Value
Assets:
Loans, net	31	301
Commercial real estate | Real estate | Quoted Prices in Active Markets for Identical Assets (Level 1) | Fair value, measurements, nonrecurring
Assets:
Loans, net	0	0
Commercial real estate | Real estate | Significant Other Observable Inputs (Level 2) | Fair value, measurements, nonrecurring
Assets:
Loans, net	0	0
Commercial real estate | Real estate | Significant Unobservable Inputs (Level 3) | Fair value, measurements, nonrecurring
Assets:
Loans, net	31	301
Residential real estate | Fair value, measurements, nonrecurring | Carrying Value
Assets:
Loans, net	679	308
Residential real estate | Quoted Prices in Active Markets for Identical Assets (Level 1) | Fair value, measurements, nonrecurring
Assets:
Loans, net	0	0
Residential real estate | Significant Other Observable Inputs (Level 2) | Fair value, measurements, nonrecurring
Assets:
Loans, net	0	0
Residential real estate | Significant Unobservable Inputs (Level 3) | Fair value, measurements, nonrecurring
Assets:
Loans, net	$ 679	$ 308

Fair Value of Financial Instr_5

Fair Value of Financial Instruments (Narrative) (Details)	6 Months Ended	12 Months Ended
	Jun. 30, 2019USD ($)	Dec. 31, 2018USD ($)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Recorded Investment	$ 3,423,000	$ 3,295,000
Fair value, measurements, nonrecurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
OREO properties	0	0
Fair value, measurements, nonrecurring | Impaired loans
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Recorded Investment	864,000	692,000
Adjustment to allowance	$ 66,000	$ 83,000
Discount rate
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Discount to real estate appraised values	0.12

Fair Value of Financial Instr_6

Fair Value of Financial Instruments (Schedule of Fair Value Assumptions for Level 3 Asset Measurements) (Details) - Significant Unobservable Inputs (Level 3) - Fair value, measurements, nonrecurring $ in Thousands	Jun. 30, 2019USD ($)	Dec. 31, 2018USD ($)
Impaired loans
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Fair value	$ 798	$ 609
Weighted Average | Adjustments for differences between comparable sales and income data available.
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Unobservable Inputs	0.05	0.05
Weighted Average | Estimated selling costs.
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Unobservable Inputs	0.07	0.07

Fair Value of Financial Instr_7

Fair Value of Financial Instruments (Schedule of Fair Value Estimates for the Financial Instruments) (Details) - USD ($) $ in Thousands	Jun. 30, 2019	Dec. 31, 2018
Financial assets:
Securities available-for-sale	$ 96,117	$ 108,811
Securities held-to-maturity	62,264	62,308
Other equity investments, at fair value	1,693	1,648
FHLB-NY stock	4,091	3,965
Financial liabilities:
Subordinated Debentures and Subordinated Notes	23,415	23,382
Quoted Prices in Active Markets for Identical Assets (Level 1)
Financial assets:
Cash and cash equivalents	12,610	16,823
Securities available-for-sale	0	0
Securities held-to-maturity	0	0
Other equity investments, at fair value	1,633	1,588
Loans, net	0	0
Interest rate swap	0	0
Financial liabilities:
Deposits	589,355	578,460
FHLB-NY advances	0	0
Subordinated Debentures and Subordinated Notes	0	0
Interest rate swap	0	0
Significant Other Observable Inputs (Level 2)
Financial assets:
Cash and cash equivalents	0	0
Securities available-for-sale	96,117	108,811
Securities held-to-maturity	62,446	60,997
Other equity investments, at fair value	60	60
Loans, net	0	0
Interest rate swap	0	134
Financial liabilities:
Deposits	193,488	201,846
FHLB-NY advances	68,100	65,477
Subordinated Debentures and Subordinated Notes	0	0
Interest rate swap	967	246
Significant Unobservable Inputs (Level 3)
Financial assets:
Cash and cash equivalents	0	0
Securities available-for-sale	0	0
Securities held-to-maturity	0	0
Other equity investments, at fair value	0	0
Loans, net	737,503	704,273
Interest rate swap	0	0
Financial liabilities:
Deposits	0	0
FHLB-NY advances	0	0
Subordinated Debentures and Subordinated Notes	23,746	23,441
Interest rate swap	0	0
Carrying Value
Financial assets:
Cash and cash equivalents	12,610	16,823
Securities available-for-sale	96,117	108,811
Securities held-to-maturity	62,264	62,308
Other equity investments, at fair value	1,693	1,648
FHLB-NY stock	4,091	3,965
Loans, net	748,055	725,404
Interest rate swap	0	134
Financial liabilities:
Deposits	781,945	782,091
FHLB-NY advances	67,400	65,700
Subordinated Debentures and Subordinated Notes	23,415	23,382
Interest rate swap	$ 967	$ 246

Earnings Per Share (Schedule of

Earnings Per Share (Schedule of Earnings Per Common Share) (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended				6 Months Ended
	Jun. 30, 2019	Mar. 31, 2019	Jun. 30, 2018	Mar. 31, 2018	Jun. 30, 2019	Jun. 30, 2018
Earnings Per Share [Abstract]
Net income	$ 1,453	$ 1,647	$ 2,301	$ 1,808	$ 3,100	$ 4,109
Weighted average common shares outstanding - basic (in shares)	8,713,110		8,675,868		8,700,609	8,667,235
Weighted average common shares outstanding - diluted (in shares)	8,713,110		8,675,868		8,700,609	8,667,235
Basic earnings per common share (in usd per share)	$ 0.17		$ 0.27		$ 0.36	$ 0.47
Diluted earnings per common share (in usd per share)	$ 0.17		$ 0.27		$ 0.36	$ 0.47

Earnings Per Share (Narrative)

Earnings Per Share (Narrative) (Details) - shares	3 Months Ended		6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018
Stock options
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive securities excluded from computation of earning per share (in shares)	0	0	0	0

Accumulated Other Comprehensi_3

Accumulated Other Comprehensive Income (Schedule of Components of Comprehensive Income) (Details) - USD ($) $ in Thousands	3 Months Ended				6 Months Ended
	Jun. 30, 2019	Mar. 31, 2019	Jun. 30, 2018	Mar. 31, 2018	Jun. 30, 2019	Jun. 30, 2018
Other comprehensive income (loss):
Other comprehensive income (loss), before reclassifications, net	$ 911		$ (359)		$ 1,873	$ (1,352)
Other comprehensive income (loss), before reclassifications, net	(395)				(614)
Other comprehensive income (loss), before reclassifications, net			53			211
Reclassification adjustment for gains in net income, net	(1)		0		(2)	(4)
Accretion of loss on securities reclassified to held to maturity, net	3		4		5	13
Total comprehensive income, gross	731		(402)		1,769	(1,511)
Total comprehensive income, tax effect	(208)		102		(500)	390
Total other comprehensive income (loss)	523	$ 746	(300)	$ (821)	1,269	(1,121)
Unrealized Gains and (Losses) on Available-for-Sale (AFS) Securities
Other comprehensive income (loss):
Other comprehensive income (loss), before reclassifications, before tax	1,277		(488)		2,620	(1,832)
Other comprehensive income (loss) before reclassifications, tax	(366)		129		(747)	480
Other comprehensive income (loss), before reclassifications, net	911		(359)		1,873	(1,352)
Reclassification adjustment for gains in net income, gross	(1)		0		(3)	(6)
Reclassification adjustment for gains in net income, tax effect	0		0		1	2
Reclassification adjustment for gains in net income, net	(1)		0		(2)	(4)
Accretion of loss on securities reclassified to held to maturity, gross	4		9		7	18
Accretion of loss on securities reclassified to held to maturity, tax effect	(1)		(5)		(2)	(5)
Accretion of loss on securities reclassified to held to maturity, net	3		4		5	13
Total other comprehensive income (loss)	910		(359)		1,871	(1,356)
Unrealized Gains / (Losses) on Derivatives
Other comprehensive income (loss):
Other comprehensive income (loss), before reclassifications, before tax	(556)				(865)
Other comprehensive income (loss) before reclassifications, tax	161				251
Other comprehensive income (loss), before reclassifications, net	(395)				(614)
Reclassification adjustment for gains in net income, gross	7		3		10	15
Reclassification adjustment for gains in net income, tax effect	(2)		(1)		(3)	(4)
Reclassification adjustment for gains in net income, net	5		2		7	11
Total other comprehensive income (loss)	$ (390)		55		$ (607)
Accumulated Net Gain (Loss) from Cash Flow Hedges
Other comprehensive income (loss):
Other comprehensive income (loss), before reclassifications, before tax			74			294
Other comprehensive income (loss) before reclassifications, tax			(21)			(83)
Other comprehensive income (loss), before reclassifications, net			$ 53			211
Total other comprehensive income (loss)						$ 222

Accumulated Other Comprehensi_4

Accumulated Other Comprehensive Income (Schedule of Components of Accumulated Other Comprehensive Income (Loss)) (Details) - USD ($) $ in Thousands	3 Months Ended				6 Months Ended
	Jun. 30, 2019	Mar. 31, 2019	Jun. 30, 2018	Mar. 31, 2018	Jun. 30, 2019	Jun. 30, 2018	Jan. 01, 2018
Accumulated Other Comprehensive Income (Loss) [Rollforward]
Balance at the beginning	$ 82,291	$ 80,150	$ 74,372	$ 73,665	$ 80,150	$ 73,665
Other comprehensive income (loss) before reclassifications	519		(302)		1,264	(1,128)
Amounts reclassified from other comprehensive income (loss)	4		2		5	7
Total other comprehensive income (loss)	523	746	(300)	(821)	1,269	(1,121)
Reclassification due to adoption of ASU 2016-01			163			163	$ 0
Balance at the end	84,090	82,291	76,188	74,372	84,090	76,188
Unrealized Gains and (Losses) on Available-for-Sale (AFS) Securities
Accumulated Other Comprehensive Income (Loss) [Rollforward]
Balance at the beginning	(860)	(1,821)	(2,137)	(1,303)	(1,821)	(1,303)
Other comprehensive income (loss) before reclassifications	911		(359)		1,873	(1,352)
Amounts reclassified from other comprehensive income (loss)	(1)		0		(2)	(4)
Total other comprehensive income (loss)	910		(359)		1,871	(1,356)
Reclassification due to adoption of ASU 2016-01			163			163
Balance at the end	50	(860)	(2,496)	(2,137)	50	(2,496)
Loss on Securities Reclassified from Available-for-Sale to Held to Maturity
Accumulated Other Comprehensive Income (Loss) [Rollforward]
Balance at the beginning	(36)	(38)	(51)	(60)	(38)	(60)
Other comprehensive income (loss) before reclassifications	3		4		5	13
Amounts reclassified from other comprehensive income (loss)	0		0		0	0
Total other comprehensive income (loss)	3		4		5	13
Reclassification due to adoption of ASU 2016-01			0			0
Balance at the end	(33)	(36)	(47)	(51)	(33)	(47)
Unrealized Gains / (Losses) on Derivatives
Accumulated Other Comprehensive Income (Loss) [Rollforward]
Balance at the beginning	(294)	(77)	146		(77)
Other comprehensive income (loss) before reclassifications	(395)		53		(614)
Amounts reclassified from other comprehensive income (loss)	5		2		7
Total other comprehensive income (loss)	(390)		55		(607)
Balance at the end	(684)	(294)	201	146	(684)	201
Accumulated Net Gain (Loss) from Cash Flow Hedges
Accumulated Other Comprehensive Income (Loss) [Rollforward]
Balance at the beginning				(21)		(21)
Other comprehensive income (loss) before reclassifications						211
Amounts reclassified from other comprehensive income (loss)						11
Total other comprehensive income (loss)						222
Reclassification due to adoption of ASU 2016-01			0			0
Balance at the end			201			201
Accumulated Other Comprehensive Income (Loss)
Accumulated Other Comprehensive Income (Loss) [Rollforward]
Balance at the beginning	(1,190)	(1,936)	(2,042)	(1,384)	(1,936)	(1,384)
Total other comprehensive income (loss)	523	746	(300)	(821)
Reclassification due to adoption of ASU 2016-01							$ 163
Balance at the end	$ (667)	$ (1,190)	$ (2,342)	$ (2,042)	$ (667)	$ (2,342)

Accumulated Other Comprehensi_5

Accumulated Other Comprehensive Income (Schedule of Amount Reclassified from Each Component of Accumulated Other Comprehensive Income) (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018
Reclassification Adjustment out of Accumulated Other Comprehensive Income on Derivatives [Line Items]
Income tax expense	$ (530)	$ (842)	$ (1,116)	$ (1,489)
Total reclassifications, net of tax	4	2	5	7
Unrealized Gains and (Losses) on Available-for-Sale (AFS) Securities
Reclassification Adjustment out of Accumulated Other Comprehensive Income on Derivatives [Line Items]
Total reclassifications, net of tax	(1)	0	(2)	(4)
Unrealized Gains / (Losses) on Derivatives
Reclassification Adjustment out of Accumulated Other Comprehensive Income on Derivatives [Line Items]
Total reclassifications, net of tax	5	2	7
Accumulated Net Gain (Loss) from Cash Flow Hedges
Reclassification Adjustment out of Accumulated Other Comprehensive Income on Derivatives [Line Items]
Total reclassifications, net of tax				11
Reclassification out of Accumulated Other Comprehensive Income | Unrealized Gains and (Losses) on Available-for-Sale (AFS) Securities
Reclassification Adjustment out of Accumulated Other Comprehensive Income on Derivatives [Line Items]
Unrealized gains on securities available-for-sale, before tax	1	0	3	6
Income tax expense	0	0	(1)	(2)
Total, net of tax	1	0	2	4
Reclassification out of Accumulated Other Comprehensive Income | Unrealized Gains / (Losses) on Derivatives
Reclassification Adjustment out of Accumulated Other Comprehensive Income on Derivatives [Line Items]
Unrealized losses on derivatives before tax	(7)		(10)
Income tax expense	2		3
Total, net of tax	$ (5)		$ (7)
Reclassification out of Accumulated Other Comprehensive Income | Accumulated Net Gain (Loss) from Cash Flow Hedges
Reclassification Adjustment out of Accumulated Other Comprehensive Income on Derivatives [Line Items]
Unrealized losses on derivatives before tax		(3)		(15)
Income tax expense		1		4
Total, net of tax		$ (2)		$ (11)

Leases (Details)

Leases (Details) $ in Thousands	3 Months Ended	6 Months Ended
	Jun. 30, 2019USD ($)lease	Jun. 30, 2019USD ($)lease
Lessee, Lease, Description [Line Items]
Incremental borrowing rate	3.00%	3.00%
Weighted-average remaining lease term	5 years 4 months	5 years 4 months
Lease costs	$ 239	$ 479
Fixed rent expense	203	402
Variable rent expense	32	63
Short-term leases	13	32
Sublease income	9	18
Cash paid on operating leases	198	391
Occupancy expense
Lessee, Lease, Description [Line Items]
Lease costs	217	430
Equipment expense
Lessee, Lease, Description [Line Items]
Lease costs	$ 22	$ 49
Branch offices
Lessee, Lease, Description [Line Items]
Number of operating leases | lease	8	8
Number of operating leases with renewal options | lease	4	4
Equipment
Lessee, Lease, Description [Line Items]
Number of operating leases | lease	12	12
Automobiles
Lessee, Lease, Description [Line Items]
Number of operating leases | lease	1	1

Leases - Lease Maturity (Detail

Leases - Lease Maturity (Details) $ in Thousands	Jun. 30, 2019USD ($)
Leases [Abstract]
Six months ended December 31, 2019	$ 355
Year ended December 31, 2020	646
Year ended December 31, 2021	489
Year ended December 31, 2022	474
Thereafter	1,079
Lease Liability March 31, 2019	$ 3,043

Leases - Future Minimum Lease P

Leases - Future Minimum Lease Payments (Details) $ in Thousands	Jun. 30, 2019USD ($)
Leases [Abstract]
2020	$ 772
2021	578
2022	529
2023	443
2024	359
Thereafter	502
Payments due	$ 3,183

Uncategorized Items - ssfn-2019

Label	Element	Value
Retained Earnings [Member]
Cumulative Effect of New Accounting Principle in Period of Adoption	us-gaap_CumulativeEffectOfNewAccountingPrincipleInPeriodOfAdoption	$ (163,000)