Esquire Financial (ESQ) 10-Q 9 May 19 2019 Q1 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	3 Months Ended
	Mar. 31, 2019	May 01, 2019
Document And Entity Information [Abstract]
Entity Registrant Name	Esquire Financial Holdings, Inc.
Entity Central Index Key	0001531031
Trading Symbol	esq
Entity Current Reporting Status	Yes
Entity Small Business	true
Entity Emerging Growth Company	true
Entity Ex Transition Period	true
Current Fiscal Year End Date	--12-31
Entity Filer Category	Accelerated Filer
Entity Common Stock, Shares Outstanding		7,532,723
Document Type	10-Q
Document Period End Date	Mar. 31, 2019
Amendment Flag	false
Document Fiscal Year Focus	2019
Document Fiscal Period Focus	Q1

CONDENSED CONSOLIDATED STATEMEN

CONDENSED CONSOLIDATED STATEMENTS OF FINANCIAL CONDITION - USD ($) $ in Thousands	Mar. 31, 2019	Dec. 31, 2018
ASSETS
Cash and due from banks	$ 681	$ 659
Interest earning deposits	49,232	29,903
Total cash and cash equivalents	49,913	30,562
Securities available-for-sale, at fair value	152,909	145,698
Securities, restricted, at cost	2,583	2,583
Loans	490,019	468,101
Less: allowance for loan losses	(6,049)	(5,629)
Loans, net	483,970	462,472
Premises and equipment, net	2,920	2,694
Accrued interest receivable	3,721	3,855
Other assets	24,067	16,035
Total assets	720,083	663,899
Deposits:
Demand	230,062	212,721
Savings, NOW and money market	364,805	335,283
Time	20,115	20,417
Total deposits	614,982	568,421
Secured borrowings	89	89
Accrued expenses and other liabilities	7,539	2,615
Total liabilities	622,610	571,125
Commitments and Contingencies
Stockholders' equity:
Preferred stock, par value $0.01; authorized 2,000,000 shares; no shares issued and outstanding at March 31, 2019 and December 31, 2018
Common stock, par value $0.01; authorized 15,000,000 shares; issued and outstanding 7,532,723 shares at March 31, 2019 and December 31, 2018	75	75
Additional paid-in capital	88,809	88,539
Retained earnings (deficit)	9,759	6,774
Accumulated other comprehensive loss	(1,170)	(2,614)
Total stockholders' equity	97,473	92,774
Total liabilities and stockholders' equity	$ 720,083	$ 663,899

CONDENSED CONSOLIDATED STATEM_2

CONDENSED CONSOLIDATED STATEMENTS OF FINANCIAL CONDITION (Parentheticals) - $ / shares	Mar. 31, 2019	Dec. 31, 2018
Statement of Financial Position [Abstract]
Preferred stock, par value (in dollars per share)	$ 0.01	$ 0.01
Preferred stock, shares authorized	2,000,000	2,000,000
Preferred stock, shares issued	0	0
Preferred stock, shares outstanding	0	0
Common stock, par value (in dollars per share)	$ 0.01	$ 0.01
Common stock, shares authorized	15,000,000	15,000,000
Common stock, shares issued	7,532,723	7,532,723
Common stock, shares outstanding	7,532,723	7,532,723

CONDENSED CONSOLIDATED STATEM_3

CONDENSED CONSOLIDATED STATEMENTS OF INCOME (Unaudited) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Interest income:
Loans	$ 7,192	$ 5,289
Securities	1,065	865
Interest earning deposits and other	226	116
Total interest income	8,483	6,270
Interest expense:
Savings, NOW and money market deposits	429	121
Time deposits	125	48
Borrowings	1	5
Total interest expense	555	174
Net interest income	7,928	6,096
Provision for loan losses	425	225
Net interest income after provision for loan losses	7,503	5,871
Non-interest income:
Total non-interest income	2,081	2,075
Non-interest expense:
Employee compensation and benefits	3,436	3,061
Occupancy and equipment, net	439	426
Professional and consulting services	494	628
FDIC and regulatory assessments	86	72
Advertising and marketing	68	125
Travel and business relations	112	157
Data processing	506	484
Other operating expenses	340	320
Total non-interest expense	5,481	5,273
Net income before income taxes	4,103	2,673
Income tax expense	1,118	715
Net income	$ 2,985	$ 1,958
Earnings per share
Basic (in dollars per share)	$ 0.40	$ 0.27
Diluted (in dollars per share)	$ 0.39	$ 0.26
Merchant processing income
Non-interest income:
Noninterest income	$ 1,814	$ 1,021
Customer related fees and service charges
Non-interest income:
Noninterest income	$ 267	$ 1,054

CONDENSED CONSOLIDATED STATEM_4

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (Unaudited) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Accumulated Other Comprehensive Loss
Net income	$ 2,985	$ 1,958
Other comprehensive income (loss):
Unrealized gains (losses) arising during the period on securities available for sale	1,963	(1,727)
Tax effect	(519)	472
Total other comprehensive income (loss)	1,444	(1,255)
Total comprehensive income	$ 4,429	$ 703

CONDENSED CONSOLIDATED STATEM_5

CONDENSED CONSOLIDATED STATEMENT OF CHANGES IN STOCKHOLDERS' EQUITY (Unaudited) - USD ($) $ in Thousands	Accumulated Other Comprehensive Loss	Retained Earnings	Additional Paid-in Capital	Common shares	Preferred shares	Total
Balance at Dec. 31, 2017	$ (1,390)	$ (1,960)	$ 86,660	$ 73		$ 83,383
Balance (in shares) at Dec. 31, 2017				7,326,536
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income		1,958				1,958
Other comprehensive income (loss)	(1,255)					(1,255)
Exercise of stock options, net of repurchases			377	$ 1		378
Exercise of stock options, net of repurchases (in shares)				42,687
Restricted stock grants (in shares)				76,500
Stock compensation expense			200			200
Balance at Mar. 31, 2018	(2,645)	(2)	87,237	$ 74		84,664
Balance (in shares) at Mar. 31, 2018				7,445,723
Balance at Dec. 31, 2018	(2,614)	6,774	88,539	$ 75		92,774
Balance (in shares) at Dec. 31, 2018				7,532,723
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income		2,985				2,985
Other comprehensive income (loss)	1,444					1,444
Stock compensation expense			270			270
Balance at Mar. 31, 2019	$ (1,170)	$ 9,759	$ 88,809	$ 75	$ 0	$ 97,473
Balance (in shares) at Mar. 31, 2019				7,532,723	0

CONDENSED CONSOLIDATED STATEM_6

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Cash flows from operating activities:
Net income	$ 2,985	$ 1,958
Adjustments to reconcile net income to net cash used in operating activities:
Provision for loan losses	425	225
Depreciation	107	103
Stock compensation expense	270	200
Net amortization:
Securities	95	106
Loans	177	85
Right of use asset	90
Changes in other assets and liabilities:
Accrued interest receivable	134	(695)
Other assets	(5,584)	(440)
Decrease in operating lease liability	(99)
Accrued expenses and other liabilities	1,966	1,022
Net cash provided by operating activities	566	2,564
Cash flows from investing activities:
Net change in loans	(22,100)	(18,761)
Purchases of securities available for sale	(9,918)	(22,765)
Principal repayments on securities available for sale	4,575	4,831
Purchases of premises and equipment	(333)	(18)
Net cash used in investing activities	(27,776)	(36,713)
Cash flows from financing activities:
Net increase in deposits	46,561	33,238
Decrease in secured borrowings		(2)
Exercise of stock options		378
Net cash provided by financing activities	46,561	33,614
Increase (decrease) in cash and cash equivalents	19,351	(535)
Cash and cash equivalents at beginning of period	30,562	43,077
Cash and cash equivalents at end of period	49,913	42,542
Cash paid during the period for:
Interest	555	171
Income taxes	51	$ 75
Noncash transactions:
Recognition of right of use asset on change of accounting principle	$ 3,640

Basis of Presentation and Summa

Basis of Presentation and Summary of Significant Accounting Policies	3 Months Ended
	Mar. 31, 2019
Basis of Presentation and Summary of Significant Accounting Policies
Basis of Presentation and Summary of Significant Accounting Policies	NOTE 1 — Basis of Presentation and Summary of Significant Accounting Policies Basis of Presentation The Interim Consolidated Financial Statements include the accounts of Esquire Financial Holdings, Inc. and its wholly owned subsidiary, Esquire Bank, N.A, are collectively referred to as “the Company.” All significant intercompany accounts and transactions have been eliminated in consolidation. The accompanying unaudited Interim Condensed Consolidated Financial Statements have been prepared in accordance with generally accepted accounting principles for interim financial information. Accordingly, they do not include all of the information and footnotes required by generally accepted accounting principles for complete financial information. In the opinion of management, the interim statements reflect all adjustments necessary for a fair presentation of the financial position, results of operations and cash flows of the Company on a consolidated basis and all such adjustments are recurring in nature. These financial statements and the accompanying notes should be read in conjunction with the Company’s audited financial statements for the years ended December 31, 2018 and 2017. Operating results for the three months ended March 31, 2019 are not necessarily indicative of the results that may be expected for the year ending December 31, 2019 or any other period. Subsequent Events The Company has evaluated subsequent events for recognition and disclosure through the date of issuance. Loss Contingencies Loss contingencies, including claims and legal actions arising in the ordinary course of business, are recorded as liabilities when the likelihood of loss is probable and an amount or range of loss can be reasonably estimated. Management does not believe there now are such matters that will have a material effect on the Consolidated Financial Statements. New Accounting Pronouncements On February 25, 2016, the FASB established Topic 842, Leases, by issuing Accounting Standards Update (ASU) No. 2016-02, which requires lessees to recognize leases on-balance sheet and disclose key information about leasing arrangements. Topic 842 was subsequently amended by ASU No. 2018-01, Land Easement Practical Expedient for Transition to Topic 842; ASU No. 2018-10, Codification Improvements to Topic 842, Leases; and ASU No. 2018-11, Targeted Improvements. The new standard establishes a right-of-use model (ROU) that requires a lessee to recognize a ROU asset and lease liability on the balance sheet for all leases with a term longer than 12 months. The new standard was adopted by the Company on January 1, 2019 utilizing the modified retrospective transition approach where it was applied to all leases existing at the date of initial application. Upon adoption, we recognized a ROU asset, presented within other assets on the Consolidated Statement of Financial Condition, and a lease liability, presented within accrued expenses and other liabilities on the Consolidated Statement of Financial Condition, of approximately $3.1 million and $3.6 million, respectively. In transition, we elected the ‘package of practical expedients’, which permitted the Company not to reassess under the new standard our prior conclusions about lease identification, lease classification and initial direct costs. Management did not elect the use-of-hindsight or the practical expedient pertaining to land easements; the latter not being applicable to us. The new standard also provided practical expedients for an entity’s ongoing accounting. Management elected the short-term lease recognition exemption for all leases that qualify. This means, for those leases with an initial term of 12 months or less, the Company did not recognize ROU assets or lease liabilities, and this included not recognizing ROU assets or lease liabilities for existing short-term leases of those assets in transition. As of March 31, 2019, there are no material short term leases. In recognizing ROU lease assets and related lease liabilities, we exclude variable and non-lease components (such as taxes, insurance, and common area maintenance costs) and expense these costs as incurred. At lease commencement date, the lease payments over the expected term are discounted using our incremental borrowing rate referenced to the Federal Home Loan Bank advance rates of a similar term to determine the present value of our lease obligation and ROU asset to be recorded on the Statement of Financial Condition. Lease expense is then recognized on a straight-line basis. The Company has committed to rent premises used in business operations under non-cancelable operating leases that have renewal options for additional 3-5 year terms which were not considered in determining our ROU asset or lease liability as renewal is not reasonably certain. As of March 31, 2019, ROU lease assets and related lease liabilities were $3.0 million and $3.5 million, respectively, and the Company does not have any leases that have not yet commenced. As of and for the three months ended March 31, 2019 (Dollars in thousands) Operating lease cost $ 120 Weighted-average remaining lease term 7.58 years Weighted-average discount rate 3.28 % Future minimum lease payments under non-cancellable leases as of March 31, 2019 were as follows: Year ending December 31, (In thousands) 2019 (a) $ 304 2020 519 2021 510 2022 523 2023 536 Thereafter 1,641 Total lease payments $ 4,033 Less: interest 491 Present value of lease liabilities $ 3,542 (a) Excluding three months ended March 31, 2019 On June 16, 2016, the FASB issued Accounting Standards Update No. 2016‑13, “Financial Instruments — Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments” (the ASU). This ASU replaces the incurred loss model with an expected loss model, referred to as “current expected credit loss” (CECL) model. It will significantly change estimates for credit losses related to financial assets measured at amortized cost, including loans receivable and certain other contracts. This ASU will be effective for the Company in fiscal years beginning after December 15, 2019, including interim periods within those fiscal years. The Company plans to adopt ASU 2016-13 January 1, 2020 using the required modified retrospective method with a cumulative effect adjustment as of the beginning of the reporting period. The Company has gathered the necessary data and is working with a vendor on the implementation of this standard.

Debt Securities

Debt Securities	3 Months Ended
	Mar. 31, 2019
Debt Securities
Debt Securities	NOTE 2 — Debt Securities Available-for-Sale Securities The amortized cost, gross unrealized gains and losses and estimated fair value of securities available for sale were as follows: Gross Gross Amortized Unrealized Unrealized Fair Cost Gains Losses Value (In thousands) March 31, 2019 Mortgage-backed securities – agency $ 26,880 $ 189 $ (354) $ 26,715 Collateralized mortgage obligations (CMO’s) – agency 127,665 210 (1,681) 126,194 Total available-for-sale $ 154,545 $ 399 $ (2,035) $ 152,909 December 31, 2018 Mortgage-backed securities – agency $ 27,384 $ 15 $ (724) $ 26,675 Collateralized mortgage obligations (CMO’s) – agency 121,913 32 (2,922) 119,023 Total available-for-sale $ 149,297 $ 47 $ (3,646) $ 145,698 Mortgage-backed securities included all residential pass-through certificates guaranteed by FHLMC, FNMA, or GNMA and the CMO’s are backed by government agency pass-through certificates. The 2019 and 2018 pass-through certificates are fixed rate instruments. CMO’s, by virtue of the underlying residential collateral or structure, are fixed rate current pay sequentials or planned amortization classes (PAC’s). As actual maturities may differ from contractual maturities because certain borrowers have the right to call or prepay certain obligations, these securities are not considered to have a single maturity date. When purchasing investment securities, the Company’s overall interest-rate risk profile is considered as well as the adequacy of expected returns relative to risks assumed, including prepayments. In managing the investment securities portfolio, management occasionally sells investment securities in response to, or in anticipation of, changes in interest rates and spreads, actual or anticipated prepayments, liquidity needs and credit risk associated with a particular security. There were no sales or calls of securities for the three months ended March 31, 2019 and 2018. At March 31, 2019, securities having a fair value of $127.9 million were pledged to the Federal Home Loan Bank of New York (FHLB) for borrowing capacity totaling $122.0 million. At December 31, 2018, securities having a fair value of $120.7 million were pledged to the FHLB for borrowing capacity totaling $115.0 million. At March 31, 2019 and December 31, 2018, the Company had no outstanding FHLB advances. At March 31, 2019, securities having a fair value of $25.0 million were pledged to the Federal Reserve Bank of New York (FRB) for borrowing capacity totaling $24.3 million. At December 31, 2018, securities having a fair value of $25.0 million were pledged to the FRB for borrowing capacity totaling $24.2 million. At March 31, 2019 and December 31, 2018, the Company had no outstanding FRB borrowings. The following table provides the gross unrealized losses and fair value, aggregated by investment category and length of time the individual securities have been in a continuous unrealized loss position as of: Less Than 12 Months 12 Months or Longer Total Fair Gross Fair Gross Fair Gross (In thousands) March 31, 2019 Mortgage-backed securities – agency $ — $ — $ 16,751 $ (354) $ 16,751 $ (354) CMO’s – agency 4,256 (6) 87,903 (1,675) 92,159 (1,681) Total temporarily impaired securities $ 4,256 $ (6) $ 104,654 $ (2,029) $ 108,910 $ (2,035) December 31, 2018 Mortgage-backed securities - agency $ 9,528 $ (99) $ 15,497 $ (625) $ 25,025 $ (724) CMO's - Agency 19,184 (73) 85,775 (2,849) 104,959 (2,922) Total temporarily impaired securities $ 28,712 $ (172) $ 101,272 $ (3,474) $ 129,984 $ (3,646) Management reviews the investment portfolio on a quarterly basis to determine the cause, magnitude and duration of declines in the fair value of each security. In estimating other-than-temporary impairment (OTTI), management considers many factors including: (1) the length of time and extent that fair value has been less than cost, (2) the financial condition and near term prospects of the issuer, (3) whether the market decline was affected by macroeconomic conditions, and (4) whether the Company has the intent to sell the security or more likely than not will be required to sell the security before its anticipated recovery. If either of the criteria regarding intent or requirement to sell is met, the entire difference between amortized cost and fair value is recognized as impairment through earnings. For debt securities that do not meet the aforementioned criteria, the amount of impairment is split into two components as follows: (1) OTTI related to credit loss, which must be recognized in the income statement and (2) OTTI related to other factors, which is recognized in other comprehensive income. The credit loss is defined as the difference between the present value of the cash flows expected to be collected and the amortized cost basis. The assessment of whether any other than temporary decline exists may involve a high degree of subjectivity and judgment and is based on the information available to management at a point in time. Management evaluates securities for OTTI at least on a quarterly basis, and more frequently when economic or market conditions warrant such an evaluation. At March 31, 2019, securities in unrealized loss positions were issuances from government sponsored entities. Due to the decline in fair value being attributable to changes in interest rates, not credit quality and because the Company does not have the intent to sell the securities and it is likely that it will not be required to sell the securities before their anticipated recovery, the Company does not consider the securities to be other-than-temporarily impaired at March 31, 2019. No impairment charges were recorded for the three months ended March 31, 2019 and 2018.

Loans

Loans	3 Months Ended
	Mar. 31, 2019
Loans
Loans	NOTE 3 — Loans The composition of loans by class is summarized as follows: March 31, 2019 December 31, 2018 (In thousands) 1 – 4 family residential $ 52,569 $ 56,043 Commercial 212,600 191,828 Multifamily 137,908 136,537 Commercial real estate 37,819 33,145 Construction 6,337 5,921 Consumer 42,190 43,675 Total Loans 489,423 467,149 Deferred costs and unearned premiums, net 596 952 Allowance for loan losses (6,049) (5,629) Loans, net $ 483,970 $ 462,472 The following tables present the activity in the allowance for loan losses by class for the three months ending March 31, 2019 and 2018: 1-4 Family Commercial Residential Commercial Multifamily Real Estate Construction Consumer Total (In thousands) March 31, 2019 Allowance for loan losses: Beginning balance $ 407 $ 3,110 $ 952 $ 357 $ 149 $ 654 $ 5,629 Provision (credit) for loan losses (27) 381 (3) 51 10 13 425 Recoveries — — — — — — — Loans charged-off — (5) — — — — (5) Total ending allowance balance $ 380 $ 3,486 $ 949 $ 408 $ 159 $ 667 $ 6,049 March 31, 2018 Allowance for loan losses: Beginning balance $ 382 $ 2,272 $ 713 $ 266 $ 127 $ 504 $ 4,264 Provision (credit) for loan losses (4) 213 (17) (4) 24 13 225 Recoveries — — — — — — — Loans charged-off — — — — — — — Total ending allowance balance $ 378 $ 2,485 $ 696 $ 262 $ 151 $ 517 $ 4,489 The following tables present the balance in the allowance for loan losses and the recorded investment in loans by class and based on impairment method as of March 31, 2019 and December 31, 2018: 1‑4 Family Commercial Residential Commercial Multifamily Real Estate Construction Consumer Total (In thousands) March 31, 2019 Allowance for loan losses: Ending allowance balance attributable to loans: Individually evaluated for impairment $ — $ — $ — $ — $ — $ — $ — Collectively evaluated for impairment 380 3,486 949 408 159 667 6,049 Total ending allowance balance $ 380 $ 3,486 $ 949 $ 408 $ 159 $ 667 $ 6,049 Loans: Loans individually evaluated for impairment $ — $ — $ — $ — $ — $ — $ — Loans collectively evaluated for impairment 52,569 212,600 137,908 37,819 6,337 42,190 489,423 Total ending loans balance $ 52,569 $ 212,600 $ 137,908 $ 37,819 $ 6,337 $ 42,190 $ 489,423 Recorded investment is not adjusted for accrued interest, deferred costs, and unearned premiums due to immateriality. 1‑4 Family Commercial Residential Commercial Multifamily Real Estate Construction Consumer Total (In thousands) December 31, 2018 Allowance for loan losses: Ending allowance balance attributable to loans: Individually evaluated for impairment $ — $ — $ — $ — $ — $ — $ — Collectively evaluated for impairment 407 3,110 952 357 149 654 5,629 Total ending allowance balance $ 407 $ 3,110 $ 952 $ 357 $ 149 $ 654 $ 5,629 Loans: Loans individually evaluated for impairment $ — $ — $ — $ — $ — $ — $ — Loans collectively evaluated for impairment 56,043 191,828 136,537 33,145 5,921 43,675 467,149 Total ending loans balance $ 56,043 $ 191,828 $ 136,537 $ 33,145 $ 5,921 $ 43,675 $ 467,149 Nonperforming Loans Nonperforming loans include loans 90 days past due and still accruing and nonaccrual loans. At March 31, 2019 and December 31, 2018, the Company did not have any nonperforming loans. The following tables present the aging of the recorded investment in past due loans by class of loans as of March 31, 2019 and December 31, 2018: 30-59 60-89 Greater than Days Days 90 Days Total Loans Not Past Due Past Due Past Due Past Due Past Due Total (In thousands) March 31, 2019 1 – 4 family residential $ — $ — $ — $ — $ 52,569 $ 52,569 Commercial — — — — 212,600 212,600 Multifamily — — — — 137,908 137,908 Commercial real estate — — — — 37,819 37,819 Construction — — — — 6,337 6,337 Consumer — — — — 42,190 42,190 Total $ — $ — $ — $ — $ 489,423 $ 489,423 30-59 60-89 Greater than Days Days 90 Days Total Loans Not Past Due Past Due Past Due Past Due Past Due Total (In thousands) December 31, 2018 1 – 4 family residential $ — $ — $ — $ — $ 56,043 $ 56,043 Commercial — — — — 191,828 191,828 Multifamily — — — — 136,537 136,537 Commercial real estate — — — — 33,145 33,145 Construction — — — — 5,921 5,921 Consumer — 40 — 40 43,635 43,675 Total $ — $ 40 $ — $ 40 $ 467,109 $ 467,149 Credit Quality Indicators The Company categorizes loans into risk categories based on relevant information about the ability of 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 Company analyzes loans individually by classifying the loans as to credit risk. This analysis is performed whenever a credit is extended, renewed or modified, or when an observable event occurs indicating a potential decline in credit quality, and no less than annually for large balance loans. The Company uses the following definitions for risk ratings: Special Mention - Loans classified as special mention have a potential weakness that deserves management’s close attention. If left uncorrected, these potential weaknesses may result in deterioration of the repayment prospects for the loan or of the institution’s credit position at some future date. Substandard - Loans classified as substandard are inadequately protected by the current net worth and paying capacity of the obligor or of the collateral pledged, if any. Loans so classified have a well-defined weakness or weaknesses that jeopardize the liquidation of the debt. They are characterized by the distinct possibility that the institution will sustain some loss if the deficiencies are not corrected. Doubtful - Loans classified as doubtful have all 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 existing facts, conditions, and values, highly questionable and improbable. Loans not meeting the criteria above that are analyzed individually as part of the above described process are considered to be pass rated loans. Pass Special Mention Substandard Doubtful (In thousands) March 31, 2019 1 – 4 family residential $ 52,569 $ — $ — $ — Commercial 203,360 9,075 165 — Multifamily 137,908 — — — Commercial real estate 37,819 — — — Construction 6,337 — — — Consumer 42,190 — — — Total $ 480,183 $ 9,075 $ 165 $ — Based on the most recent analysis performed, the risk category of loans by class of loans is as follows: Pass Special Mention Substandard Doubtful (In thousands) December 31, 2018 1 – 4 family residential $ 56,043 $ — $ — $ — Commercial 182,482 9,166 180 — Multifamily 136,537 — — — Commercial real estate 33,145 — — — Construction 5,921 — — — Consumer 43,675 — — — Total $ 457,803 $ 9,166 $ 180 $ — The Company considers the performance of the loan portfolio and its impact on the allowance for loan losses. For residential and consumer loan classes, the Company evaluates credit quality based on the aging status of the loan, which was previously presented, and by payment activity. The Company has no loans identified as troubled debt restructurings at March 31, 2019 and December 31, 2018. Furthermore, there were no loans modified during the three months ended March 31, 2019 and 2018 as troubled debt restructurings. In order to determine whether a borrower is experiencing financial difficulty, 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 under the Company’s internal underwriting policy.

Noninterest Income

Noninterest Income	3 Months Ended
	Mar. 31, 2019
Noninterest Income.
Noninterest Income	NOTE 4 — Noninterest Income Descriptions of revenue-generating activities that are within the scope of Accounting Standards Codification (ASC) 606, Revenue from Contracts with Customers, and are presented in the Consolidated Statements of Income as components of noninterest income, are as follows: For the three months ended March 31, 2019 2018 (In thousands) Noninterest income Customer related fees and service charges Administrative service income $ 173 $ 965 Merchant processing income Merchant services income 1,719 941 ACH income 95 80 Other 94 89 Total noninterest income $ 2,081 $ 2,075

Share-Based Payment Plans

Share-Based Payment Plans	3 Months Ended
	Mar. 31, 2019
Share-Based Payment Plans
Share-Based Payment Plans	NOTE 5 — Share-Based Payment Plans The Company issues incentive and nonqualified stock options and restricted stock awards to certain employees and directors pursuant to its equity incentive plans, which have been approved by the stockholders. Share-based awards are granted by the Compensation Committee of the Board of Directors. Under the plans, options are granted with an exercise price equal to the fair value of the Company’s stock at the date of the grant. Options granted vest over three or five years and have ten-year contractual terms. All options provide for accelerated vesting upon a change in control (as defined in the plans). Restricted shares are granted at the fair value on the date of grant and typically vest over 6 years with a third vesting after years four, five, and six. Restricted shares have the same voting rights as common stock and nonvested restricted shareholders do not have rights to the accrued dividends until vested. The fair value of each option award is estimated on the date of grant using a closed form option valuation (Black-Scholes) model that uses the assumptions noted in the table below. Expected volatilities are based on peer volatility. The Company uses peer data to estimate option exercise and post-vesting termination behavior. The expected term of options granted is based on peer data and represents the period of time that options granted are expected to be outstanding, which takes into account that the options are not transferable. The risk-free interest rate for the expected term of the option is based on the U.S. Treasury yield curve in effect at the time of the grant. There were no stock options granted during the three months ended March 31, 2019. The fair value of options granted during the three months ended March 31, 2018 was determined using the following weighted average assumptions as of the grant date: Three months ended March 31, 2018 Risk-Free Interest Rate 2.54 % Expected Term 84 months Expected Stock Price Volatility 21.0 % Dividend Yield % Weighted Average Fair Value $ 5.63 The following table presents a summary of the activity related to options as of March 31, 2019: Weighted Weighted Average Average Remaining Exercise Contractual Options Price Life (Years) March 31, 2019 Outstanding at beginning of year 919,175 $ 13.39 Granted — — Exercised — — Forfeited — — Outstanding at period end 919,175 $ 13.39 6.53 Vested or expected to vest 919,175 $ 13.39 6.53 Exercisable at period end 604,980 $ 12.74 6.04 The Company recognized compensation expense related to options of $133 thousand and $154 thousand for the three months ended March 31, 2019 and 2018, respectively. At March 31, 2019, unrecognized compensation cost related to nonvested options was approximately $1.0 million and is expected to be recognized over a weighted average period of 2.18 years. The intrinsic value for outstanding options and for options vested or expected to vest was $8.7 million and $6.1 million for exercisable options at March 31, 2019. The following table presents a summary of the activity related to restricted stock as of March 31, 2019: Weighted Average Grant Date Shares Fair Value March 31, 2019 Outstanding at beginning of year 148,500 $ 22.56 Granted — — Vested — — Outstanding at period end 148,500 $ 22.56 The Company recognized compensation expense related to restricted stock of $137 thousand and $46 thousand for the three months ended March 31, 2019 and 2018, respectively. As of March 31, 2019, there was $3.0 million of total unrecognized compensation cost related to nonvested shares granted under the plan. The cost is expected to be recognized over a weighted-average period of 5.42 years.

Earnings per Share

Earnings per Share	3 Months Ended
	Mar. 31, 2019
Earnings per Share
Earnings per Share	NOTE 6 — Earnings per Share The factors used in the earnings per share computation follow: Three months ended At March 31, 2019 2018 (Dollars in thousands, except per share data) Basic Net income $ 2,985 $ 1,958 Weighted average common shares outstanding 7,384,223 7,364,651 Basic earnings per share $ 0.40 $ 0.27 Diluted Net income $ 2,985 $ 1,958 Weighted average shares outstanding for basic earnings per share 7,384,223 7,364,651 Add: Dilutive effects of share based awards 356,503 300,914 Average shares and dilutive potential common shares 7,740,726 7,665,565 Diluted earnings per share $ 0.39 $ 0.26 Stock options and restricted shares totaling 163,000 and 43 ,500 shares of common stock were not considered in computing diluted earnings per common share for March 31, 2019 and March 31, 2018, respectively, because they were anti-dilutive.

Fair Value Measurements

Fair Value Measurements	3 Months Ended
	Mar. 31, 2019
Fair Value Measurements
Fair Value Measurements	NOTE 7 — Fair Value Measurements Fair value is the exchange price that would be received for an asset or paid to transfer a liability (exit price) in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants on the measurement date. There are three levels of inputs that may be used to measure fair values. 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 company’s own assumptions about the assumptions that market participants would use in pricing an asset or liability. For available-for-sale securities where quoted prices are not available, fair values are calculated based on market prices of similar securities (Level 2). Assets and liabilities measured at fair value on a recurring basis are summarized below: Fair Value Measurements Using Quoted Prices Significant Significant (Level 1) (Level 2) (Level 3) (In thousands) March 31, 2019 Assets Available-for-sale securities Mortgage-backed securities – agency $ — $ 26,715 $ — CMO’s – agency — 126,194 — Total $ — $ 152,909 $ — December 31, 2018 Assets Available-for-sale securities Mortgage-backed securities – agency $ — $ 26,675 $ — CMO’s – agency — 119,023 — Total $ — $ 145,698 $ — There were no transfers between Level 1 and Level 2 during the three months ended March 31, 2019 and 2018. There were no assets measured on a nonrecurring basis as of March 31, 2019 and December 31, 2018. The following tables present the carrying amounts and fair values (represents exit price) of financial instruments at March 31, 2019 and December 31, 2018: Fair Value Measurement at March 31, 2019, Using: Carrying Value (Level 1) (Level 2) (Level 3) Total (In thousands) Financial Assets: Cash and cash equivalents $ 49,913 $ 681 $ 49,232 $ — $ 49,913 Securities available-for-sale 152,909 — 152,909 — 152,909 Securities, restricted, at cost 2,583 N/A N/A N/A N/A Loans, net 483,970 — — 486,724 486,724 Accrued interest receivable 3,721 — 425 3,296 3,721 Financial Liabilities: Time deposits 20,115 — 20,052 — 20,052 Demand and other deposits 594,867 594,867 — — 594,867 Secured borrowings 89 — 89 — 89 Accrued interest payable 15 — 15 — 15 Fair Value Measurement at December 31, 2018, Using: Carrying Value (Level 1) (Level 2) (Level 3) Total (In thousands) Financial Assets: Cash and cash equivalents $ 30,562 $ 659 $ 29,903 $ — $ 30,562 Securities available-for-sale 145,698 — 145,698 — 145,698 Securities, restricted, at cost 2,583 N/A N/A N/A N/A Loans, net 462,472 — — 464,144 464,144 Accrued interest receivable 3,855 — 368 3,487 3,855 Financial Liabilities: Time deposits 20,417 — 20,377 — 20,377 Demand and other deposits 548,004 548,004 — — 548,004 Secured borrowings 89 — 89 — 89 Accrued interest payable 15 — 15 — 15

Accumulated Other Comprehensive

Accumulated Other Comprehensive Loss	3 Months Ended
	Mar. 31, 2019
Accumulated Other Comprehensive Loss
Accumulated Other Comprehensive Loss	NOTE 8 — Accumulated Other Comprehensive Loss The following presents changes in accumulated other comprehensive loss by component, net of tax for the three months ending March 31, 2019 and 2018: Three months ended At March 31, 2019 2018 (In thousands) Unrealized Losses on Available-for-Sale Securities Beginning balance $ (2,614) $ (1,390) Other comprehensive income (loss) before reclassifications, net of tax 1,444 (1,255) Amounts reclassified from accumulated other comprehensive income — — Net current period other comprehensive income (loss) 1,444 (1,255) Ending balance $ (1,170) $ (2,645) There were no reclassifications out of accumulated other comprehensive loss for the three months ended March 31, 2019 and 2018.

Basis of Presentation and Sum_2

Basis of Presentation and Summary of Significant Accounting Policies (Tables)	3 Months Ended
	Mar. 31, 2019
Basis of Presentation and Summary of Significant Accounting Policies
Schedule of lease cost	As of and for the three months ended March 31, 2019 (Dollars in thousands) Operating lease cost $ 120 Weighted-average remaining lease term 7.58 years Weighted-average discount rate 3.28 %
Schedule of future minimum lease payments under non-cancellable leases	Year ending December 31, (In thousands) 2019 (a) $ 304 2020 519 2021 510 2022 523 2023 536 Thereafter 1,641 Total lease payments $ 4,033 Less: interest 491 Present value of lease liabilities $ 3,542 (a) Excluding three months ended March 31, 2019

Debt Securities (Tables)

Debt Securities (Tables)	3 Months Ended
	Mar. 31, 2019
Debt Securities
Schedule of amortized cost, gross unrealized gains and losses and estimated fair value of securities available-for-sale	Gross Gross Amortized Unrealized Unrealized Fair Cost Gains Losses Value (In thousands) March 31, 2019 Mortgage-backed securities – agency $ 26,880 $ 189 $ (354) $ 26,715 Collateralized mortgage obligations (CMO’s) – agency 127,665 210 (1,681) 126,194 Total available-for-sale $ 154,545 $ 399 $ (2,035) $ 152,909 December 31, 2018 Mortgage-backed securities – agency $ 27,384 $ 15 $ (724) $ 26,675 Collateralized mortgage obligations (CMO’s) – agency 121,913 32 (2,922) 119,023 Total available-for-sale $ 149,297 $ 47 $ (3,646) $ 145,698
Schedule of gross unrealized losses and fair value, securities in continuous unrealized loss position	Less Than 12 Months 12 Months or Longer Total Fair Gross Fair Gross Fair Gross (In thousands) March 31, 2019 Mortgage-backed securities – agency $ — $ — $ 16,751 $ (354) $ 16,751 $ (354) CMO’s – agency 4,256 (6) 87,903 (1,675) 92,159 (1,681) Total temporarily impaired securities $ 4,256 $ (6) $ 104,654 $ (2,029) $ 108,910 $ (2,035) December 31, 2018 Mortgage-backed securities - agency $ 9,528 $ (99) $ 15,497 $ (625) $ 25,025 $ (724) CMO's - Agency 19,184 (73) 85,775 (2,849) 104,959 (2,922) Total temporarily impaired securities $ 28,712 $ (172) $ 101,272 $ (3,474) $ 129,984 $ (3,646)

Loans (Tables)

Loans (Tables)	3 Months Ended
	Mar. 31, 2019
Loans
Schedule of composition of loans	March 31, 2019 December 31, 2018 (In thousands) 1 – 4 family residential $ 52,569 $ 56,043 Commercial 212,600 191,828 Multifamily 137,908 136,537 Commercial real estate 37,819 33,145 Construction 6,337 5,921 Consumer 42,190 43,675 Total Loans 489,423 467,149 Deferred costs and unearned premiums, net 596 952 Allowance for loan losses (6,049) (5,629) Loans, net $ 483,970 $ 462,472
Schedule of activity in allowance for loan losses	The following tables present the activity in the allowance for loan losses by class for the three months ending March 31, 2019 and 2018: 1-4 Family Commercial Residential Commercial Multifamily Real Estate Construction Consumer Total (In thousands) March 31, 2019 Allowance for loan losses: Beginning balance $ 407 $ 3,110 $ 952 $ 357 $ 149 $ 654 $ 5,629 Provision (credit) for loan losses (27) 381 (3) 51 10 13 425 Recoveries — — — — — — — Loans charged-off — (5) — — — — (5) Total ending allowance balance $ 380 $ 3,486 $ 949 $ 408 $ 159 $ 667 $ 6,049 March 31, 2018 Allowance for loan losses: Beginning balance $ 382 $ 2,272 $ 713 $ 266 $ 127 $ 504 $ 4,264 Provision (credit) for loan losses (4) 213 (17) (4) 24 13 225 Recoveries — — — — — — — Loans charged-off — — — — — — — Total ending allowance balance $ 378 $ 2,485 $ 696 $ 262 $ 151 $ 517 $ 4,489 The following tables present the balance in the allowance for loan losses and the recorded investment in loans by class and based on impairment method as of March 31, 2019 and December 31, 2018: 1‑4 Family Commercial Residential Commercial Multifamily Real Estate Construction Consumer Total (In thousands) March 31, 2019 Allowance for loan losses: Ending allowance balance attributable to loans: Individually evaluated for impairment $ — $ — $ — $ — $ — $ — $ — Collectively evaluated for impairment 380 3,486 949 408 159 667 6,049 Total ending allowance balance $ 380 $ 3,486 $ 949 $ 408 $ 159 $ 667 $ 6,049 Loans: Loans individually evaluated for impairment $ — $ — $ — $ — $ — $ — $ — Loans collectively evaluated for impairment 52,569 212,600 137,908 37,819 6,337 42,190 489,423 Total ending loans balance $ 52,569 $ 212,600 $ 137,908 $ 37,819 $ 6,337 $ 42,190 $ 489,423 Recorded investment is not adjusted for accrued interest, deferred costs, and unearned premiums due to immateriality. 1‑4 Family Commercial Residential Commercial Multifamily Real Estate Construction Consumer Total (In thousands) December 31, 2018 Allowance for loan losses: Ending allowance balance attributable to loans: Individually evaluated for impairment $ — $ — $ — $ — $ — $ — $ — Collectively evaluated for impairment 407 3,110 952 357 149 654 5,629 Total ending allowance balance $ 407 $ 3,110 $ 952 $ 357 $ 149 $ 654 $ 5,629 Loans: Loans individually evaluated for impairment $ — $ — $ — $ — $ — $ — $ — Loans collectively evaluated for impairment 56,043 191,828 136,537 33,145 5,921 43,675 467,149 Total ending loans balance $ 56,043 $ 191,828 $ 136,537 $ 33,145 $ 5,921 $ 43,675 $ 467,149
Schedule of aging of recorded investment in past due loans	30-59 60-89 Greater than Days Days 90 Days Total Loans Not Past Due Past Due Past Due Past Due Past Due Total (In thousands) March 31, 2019 1 – 4 family residential $ — $ — $ — $ — $ 52,569 $ 52,569 Commercial — — — — 212,600 212,600 Multifamily — — — — 137,908 137,908 Commercial real estate — — — — 37,819 37,819 Construction — — — — 6,337 6,337 Consumer — — — — 42,190 42,190 Total $ — $ — $ — $ — $ 489,423 $ 489,423 30-59 60-89 Greater than Days Days 90 Days Total Loans Not Past Due Past Due Past Due Past Due Past Due Total (In thousands) December 31, 2018 1 – 4 family residential $ — $ — $ — $ — $ 56,043 $ 56,043 Commercial — — — — 191,828 191,828 Multifamily — — — — 136,537 136,537 Commercial real estate — — — — 33,145 33,145 Construction — — — — 5,921 5,921 Consumer — 40 — 40 43,635 43,675 Total $ — $ 40 $ — $ 40 $ 467,109 $ 467,149
Schedule of risk category of loans	Pass Special Mention Substandard Doubtful (In thousands) March 31, 2019 1 – 4 family residential $ 52,569 $ — $ — $ — Commercial 203,360 9,075 165 — Multifamily 137,908 — — — Commercial real estate 37,819 — — — Construction 6,337 — — — Consumer 42,190 — — — Total $ 480,183 $ 9,075 $ 165 $ — Based on the most recent analysis performed, the risk category of loans by class of loans is as follows: Pass Special Mention Substandard Doubtful (In thousands) December 31, 2018 1 – 4 family residential $ 56,043 $ — $ — $ — Commercial 182,482 9,166 180 — Multifamily 136,537 — — — Commercial real estate 33,145 — — — Construction 5,921 — — — Consumer 43,675 — — — Total $ 457,803 $ 9,166 $ 180 $ —

Noninterest Income (Tables)

Noninterest Income (Tables)	3 Months Ended
	Mar. 31, 2019
Noninterest Income.
Schedule of Consolidated of Income as components of noninterest income	For the three months ended March 31, 2019 2018 (In thousands) Noninterest income Customer related fees and service charges Administrative service income $ 173 $ 965 Merchant processing income Merchant services income 1,719 941 ACH income 95 80 Other 94 89 Total noninterest income $ 2,081 $ 2,075

Share-Based Payment Plans (Tabl

Share-Based Payment Plans (Tables)	3 Months Ended
	Mar. 31, 2019
Share-Based Payment Plans
Schedule of fair value of weighted-average assumptions of options granted	Three months ended March 31, 2018 Risk-Free Interest Rate 2.54 % Expected Term 84 months Expected Stock Price Volatility 21.0 % Dividend Yield % Weighted Average Fair Value $ 5.63
Schedule of option activity	Weighted Weighted Average Average Remaining Exercise Contractual Options Price Life (Years) March 31, 2019 Outstanding at beginning of year 919,175 $ 13.39 Granted — — Exercised — — Forfeited — — Outstanding at period end 919,175 $ 13.39 6.53 Vested or expected to vest 919,175 $ 13.39 6.53 Exercisable at period end 604,980 $ 12.74 6.04
Schedule of activity related to restricted stock	Weighted Average Grant Date Shares Fair Value March 31, 2019 Outstanding at beginning of year 148,500 $ 22.56 Granted — — Vested — — Outstanding at period end 148,500 $ 22.56

Earnings per Share (Tables)

Earnings per Share (Tables)	3 Months Ended
	Mar. 31, 2019
Earnings per Share
Schedule of earnings per share	Three months ended At March 31, 2019 2018 (Dollars in thousands, except per share data) Basic Net income $ 2,985 $ 1,958 Weighted average common shares outstanding 7,384,223 7,364,651 Basic earnings per share $ 0.40 $ 0.27 Diluted Net income $ 2,985 $ 1,958 Weighted average shares outstanding for basic earnings per share 7,384,223 7,364,651 Add: Dilutive effects of share based awards 356,503 300,914 Average shares and dilutive potential common shares 7,740,726 7,665,565 Diluted earnings per share $ 0.39 $ 0.26

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	3 Months Ended
	Mar. 31, 2019
Fair Value Measurements
Schedule of assets measured at fair value on a recurring basis	Fair Value Measurements Using Quoted Prices Significant Significant (Level 1) (Level 2) (Level 3) (In thousands) March 31, 2019 Assets Available-for-sale securities Mortgage-backed securities – agency $ — $ 26,715 $ — CMO’s – agency — 126,194 — Total $ — $ 152,909 $ — December 31, 2018 Assets Available-for-sale securities Mortgage-backed securities – agency $ — $ 26,675 $ — CMO’s – agency — 119,023 — Total $ — $ 145,698 $ —
Schedule of carrying amounts and fair values of financial instruments	Fair Value Measurement at March 31, 2019, Using: Carrying Value (Level 1) (Level 2) (Level 3) Total (In thousands) Financial Assets: Cash and cash equivalents $ 49,913 $ 681 $ 49,232 $ — $ 49,913 Securities available-for-sale 152,909 — 152,909 — 152,909 Securities, restricted, at cost 2,583 N/A N/A N/A N/A Loans, net 483,970 — — 486,724 486,724 Accrued interest receivable 3,721 — 425 3,296 3,721 Financial Liabilities: Time deposits 20,115 — 20,052 — 20,052 Demand and other deposits 594,867 594,867 — — 594,867 Secured borrowings 89 — 89 — 89 Accrued interest payable 15 — 15 — 15 Fair Value Measurement at December 31, 2018, Using: Carrying Value (Level 1) (Level 2) (Level 3) Total (In thousands) Financial Assets: Cash and cash equivalents $ 30,562 $ 659 $ 29,903 $ — $ 30,562 Securities available-for-sale 145,698 — 145,698 — 145,698 Securities, restricted, at cost 2,583 N/A N/A N/A N/A Loans, net 462,472 — — 464,144 464,144 Accrued interest receivable 3,855 — 368 3,487 3,855 Financial Liabilities: Time deposits 20,417 — 20,377 — 20,377 Demand and other deposits 548,004 548,004 — — 548,004 Secured borrowings 89 — 89 — 89 Accrued interest payable 15 — 15 — 15

Accumulated Other Comprehensi_2

Accumulated Other Comprehensive (Loss) Income (Tables)	3 Months Ended
	Mar. 31, 2019
Accumulated Other Comprehensive Loss
Schedule of changes in accumulated other comprehensive (loss) income by component, net of tax	Three months ended At March 31, 2019 2018 (In thousands) Unrealized Losses on Available-for-Sale Securities Beginning balance $ (2,614) $ (1,390) Other comprehensive income (loss) before reclassifications, net of tax 1,444 (1,255) Amounts reclassified from accumulated other comprehensive income — — Net current period other comprehensive income (loss) 1,444 (1,255) Ending balance $ (1,170) $ (2,645)

Basis of Presentation - New Acc

Basis of Presentation - New Accounting Pronouncements - Narrative (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2019	Jan. 01, 2019
Lessee, Lease, Description [Line Items]
ROU lease assets	$ 3,000	$ 3,100
Operating Lease, Right-of-Use Asset, Statement of Financial Position [Extensible List]		Other Assets
lease liability	$ 3,542	$ 3,600
Operating Lease, Liability, Statement of Financial Position [Extensible List]		Accrued Liabilities and Other Liabilities
Lease, Practical Expedients, Package [true false]	true
Lease, Practical Expedient, Use of Hindsight [true false]	false
Lease, Practical Expedient, Land Easement [true false]	false
Minimum
Lessee, Lease, Description [Line Items]
Renewal options	3 years
Maximum
Lessee, Lease, Description [Line Items]
Renewal options	5 years

Basis of Presentation - New A_2

Basis of Presentation - New Accounting Pronouncements - Lease cost (Details) $ in Thousands	3 Months Ended
	Mar. 31, 2019USD ($)
Basis of Presentation and Summary of Significant Accounting Policies
Operating lease cost	$ 120
Weighted-average remaining lease term	7 years 6 months 29 days
Weighted-average discount rate	3.28%

Basis of Presentation - New A_3

Basis of Presentation - New Accounting Pronouncements - Future minimum lease payments (Details) - USD ($) $ in Thousands	Mar. 31, 2019	Jan. 01, 2019
Operating Lease Liabilities, Payments Due [Abstract]
2019	$ 304
2020	519
2021	510
2022	523
2023	536
Thereafter	1,641
Total lease payments	4,033
Less: interest	491
Present value of lease liabilities	$ 3,542	$ 3,600

Securities - Summary of reconci

Securities - Summary of reconciliation of amortized cost to fair value (Details) - USD ($) $ in Thousands	Mar. 31, 2019	Dec. 31, 2018
Debt Securities, Available-for-sale [Line Items]
Amortized Cost	$ 154,545	$ 149,297
Gross Unrealized Gains	399	47
Gross Unrealized Losses	(2,035)	(3,646)
Fair Value	152,909	145,698
Mortgage-backed securities – agency
Debt Securities, Available-for-sale [Line Items]
Amortized Cost	26,880	27,384
Gross Unrealized Gains	189	15
Gross Unrealized Losses	(354)	(724)
Fair Value	26,715	26,675
CMO's - agency
Debt Securities, Available-for-sale [Line Items]
Amortized Cost	127,665	121,913
Gross Unrealized Gains	210	32
Gross Unrealized Losses	(1,681)	(2,922)
Fair Value	$ 126,194	$ 119,023

Securities - Summary of amortiz

Securities - Summary of amortized cost and fair value of debt securities by contractual maturity (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018	Dec. 31, 2018
Debt Securities, Available-for-sale [Line Items]
Sales or calls of securities	$ 0	$ 0
Federal Home Loan Bank Advances
Debt Securities, Available-for-sale [Line Items]
Short-term debt	0		$ 0
Federal Reserve Bank Advances
Debt Securities, Available-for-sale [Line Items]
Short-term debt	$ 0		$ 0

Securities - Summary of securit

Securities - Summary of securities in unrealized loss position (Details) - USD ($) $ in Thousands	Mar. 31, 2019	Dec. 31, 2018
Debt Securities, Available-for-sale [Line Items]
Fair Value, Less than 12 Months	$ 4,256	$ 28,712
Gross Unrealized Losses, Less than 12 Months	(6)	(172)
Fair Value, 12 Months or Longer	104,654	101,272
Gross Unrealized Losses, 12 Months or Longer	(2,029)	(3,474)
Fair Value, Total	108,910	129,984
Gross Unrealized Losses, Total	(2,035)	(3,646)
Mortgage-backed securities – agency
Debt Securities, Available-for-sale [Line Items]
Fair Value, Less than 12 Months		9,528
Gross Unrealized Losses, Less than 12 Months		(99)
Fair Value, 12 Months or Longer	16,751	15,497
Gross Unrealized Losses, 12 Months or Longer	(354)	(625)
Fair Value, Total	16,751	25,025
Gross Unrealized Losses, Total	(354)	(724)
CMO's - agency
Debt Securities, Available-for-sale [Line Items]
Fair Value, Less than 12 Months	4,256	19,184
Gross Unrealized Losses, Less than 12 Months	(6)	(73)
Fair Value, 12 Months or Longer	87,903	85,775
Gross Unrealized Losses, 12 Months or Longer	(1,675)	(2,849)
Fair Value, Total	92,159	104,959
Gross Unrealized Losses, Total	$ (1,681)	$ (2,922)

Securities - Additional disclos

Securities - Additional disclosures (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018	Dec. 31, 2018
Debt Securities, Available-for-sale [Line Items]
Fair value of pledged securities	$ 2,583		$ 2,583
Impairment charges	0	$ 0
Federal Reserve Bank of New York (FRB)
Debt Securities, Available-for-sale [Line Items]
Fair value of pledged securities	25,000		25,000
Securities pledged borrowed amount	24,300		24,200
Federal Home Loan Bank of New York (FHLB)
Debt Securities, Available-for-sale [Line Items]
Fair value of pledged securities	127,900		120,700
Securities pledged borrowed amount	$ 122,000		$ 115,000

Loans - Summary of loan composi

Loans - Summary of loan composition (Details) - USD ($) $ in Thousands	Mar. 31, 2019	Dec. 31, 2018	Mar. 31, 2018	Dec. 31, 2017
Loans and Leases Receivable Disclosure [Line Items]
Total Loans	$ 489,423	$ 467,149
Deferred costs and unearned premiums, net	596	952
Allowance for loan losses	(6,049)	(5,629)	$ (4,489)	$ (4,264)
Net loans	483,970	462,472
Real Estate | 1 - 4 Family Residential
Loans and Leases Receivable Disclosure [Line Items]
Total Loans	52,569	56,043
Allowance for loan losses	(380)	(407)	(378)	(382)
Real Estate | Multifamily
Loans and Leases Receivable Disclosure [Line Items]
Total Loans	137,908	136,537
Allowance for loan losses	(949)	(952)	(696)	(713)
Real Estate | Commercial Real Estate
Loans and Leases Receivable Disclosure [Line Items]
Total Loans	37,819	33,145
Allowance for loan losses	(408)	(357)	(262)	(266)
Real Estate | Construction
Loans and Leases Receivable Disclosure [Line Items]
Total Loans	6,337	5,921
Allowance for loan losses	(159)	(149)	(151)	(127)
Commercial
Loans and Leases Receivable Disclosure [Line Items]
Total Loans	212,600	191,828
Allowance for loan losses	(3,486)	(3,110)	(2,485)	(2,272)
Consumer
Loans and Leases Receivable Disclosure [Line Items]
Total Loans	42,190	43,675
Allowance for loan losses	$ (667)	$ (654)	$ (517)	$ (504)

Loans - Summary of activity in

Loans - Summary of activity in allowance for loan losses by class (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Allowance for loan losses:
Beginning balance	$ 5,629	$ 4,264
Provision (credit) for loan losses	425	225
Recoveries	0	0
Loans charged-off	(5)	0
Total ending allowance balance	6,049	4,489
Real Estate | 1 - 4 Family Residential
Allowance for loan losses:
Beginning balance	407	382
Provision (credit) for loan losses	(27)	(4)
Recoveries	0	0
Loans charged-off	0	0
Total ending allowance balance	380	378
Real Estate | Multifamily
Allowance for loan losses:
Beginning balance	952	713
Provision (credit) for loan losses	(3)	(17)
Recoveries	0	0
Loans charged-off	0	0
Total ending allowance balance	949	696
Real Estate | Commercial Real Estate
Allowance for loan losses:
Beginning balance	357	266
Provision (credit) for loan losses	51	(4)
Recoveries	0	0
Loans charged-off	0	0
Total ending allowance balance	408	262
Real Estate | Construction
Allowance for loan losses:
Beginning balance	149	127
Provision (credit) for loan losses	10	24
Recoveries	0	0
Loans charged-off	0	0
Total ending allowance balance	159	151
Commercial
Allowance for loan losses:
Beginning balance	3,110	2,272
Provision (credit) for loan losses	381	213
Recoveries	0	0
Loans charged-off	(5)	0
Total ending allowance balance	3,486	2,485
Consumer
Allowance for loan losses:
Beginning balance	654	504
Provision (credit) for loan losses	13	13
Recoveries	0	0
Loans charged-off	0	0
Total ending allowance balance	$ 667	$ 517

Loans - Summary of balance in a

Loans - Summary of balance in allowance for loan losses and recorded investment in loans by class and based on impairment method (Details) - USD ($) $ in Thousands	Mar. 31, 2019	Dec. 31, 2018	Mar. 31, 2018	Dec. 31, 2017
Ending allowance balance attributable to loans:
Individually evaluated for impairment	$ 0	$ 0
Collectively evaluated for impairment	6,049	5,629
Total ending allowance balance	6,049	5,629	$ 4,489	$ 4,264
Loans:
Loans individually evaluated for impairment	0	0
Loans collectively evaluated for impairment	489,423	467,149
Total ending loans balance	489,423	467,149
Real Estate | 1 - 4 Family Residential
Ending allowance balance attributable to loans:
Individually evaluated for impairment	0	0
Collectively evaluated for impairment	380	407
Total ending allowance balance	380	407	378	382
Loans:
Loans individually evaluated for impairment	0	0
Loans collectively evaluated for impairment	52,569	56,043
Total ending loans balance	52,569	56,043
Real Estate | Multifamily
Ending allowance balance attributable to loans:
Individually evaluated for impairment	0	0
Collectively evaluated for impairment	949	952
Total ending allowance balance	949	952	696	713
Loans:
Loans individually evaluated for impairment	0	0
Loans collectively evaluated for impairment	137,908	136,537
Total ending loans balance	137,908	136,537
Real Estate | Commercial Real Estate
Ending allowance balance attributable to loans:
Individually evaluated for impairment	0	0
Collectively evaluated for impairment	408	357
Total ending allowance balance	408	357	262	266
Loans:
Loans individually evaluated for impairment	0	0
Loans collectively evaluated for impairment	37,819	33,145
Total ending loans balance	37,819	33,145
Real Estate | Construction
Ending allowance balance attributable to loans:
Individually evaluated for impairment	0	0
Collectively evaluated for impairment	159	149
Total ending allowance balance	159	149	151	127
Loans:
Loans individually evaluated for impairment	0	0
Loans collectively evaluated for impairment	6,337	5,921
Total ending loans balance	6,337	5,921
Commercial
Ending allowance balance attributable to loans:
Individually evaluated for impairment	0	0
Collectively evaluated for impairment	3,486	3,110
Total ending allowance balance	3,486	3,110	2,485	2,272
Loans:
Loans individually evaluated for impairment	0	0
Loans collectively evaluated for impairment	212,600	191,828
Total ending loans balance	212,600	191,828
Consumer
Ending allowance balance attributable to loans:
Individually evaluated for impairment	0	0
Collectively evaluated for impairment	667	654
Total ending allowance balance	667	654	$ 517	$ 504
Loans:
Loans individually evaluated for impairment	0	0
Loans collectively evaluated for impairment	42,190	43,675
Total ending loans balance	$ 42,190	$ 43,675

Loans - Summary of loans by pas

Loans - Summary of loans by past due status (Details) - USD ($) $ in Thousands	Mar. 31, 2019	Dec. 31, 2018
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	$ 0	$ 40
Loans Not Past Due	489,423	467,109
Total Loans	489,423	467,149
30-59 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	0	0
60-89 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	0	40
Greater than 90 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	0	0
Real Estate | 1 - 4 Family Residential
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	0	0
Loans Not Past Due	52,569	56,043
Total Loans	52,569	56,043
Real Estate | 1 - 4 Family Residential | 30-59 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	0	0
Real Estate | 1 - 4 Family Residential | 60-89 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	0	0
Real Estate | 1 - 4 Family Residential | Greater than 90 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	0	0
Real Estate | Multifamily
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	0	0
Loans Not Past Due	137,908	136,537
Total Loans	137,908	136,537
Real Estate | Multifamily | 30-59 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	0	0
Real Estate | Multifamily | 60-89 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	0	0
Real Estate | Multifamily | Greater than 90 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	0	0
Real Estate | Commercial Real Estate
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	0	0
Loans Not Past Due	37,819	33,145
Total Loans	37,819	33,145
Real Estate | Commercial Real Estate | 30-59 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	0	0
Real Estate | Commercial Real Estate | 60-89 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	0	0
Real Estate | Commercial Real Estate | Greater than 90 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	0	0
Real Estate | Construction
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	0	0
Loans Not Past Due	6,337	5,921
Total Loans	6,337	5,921
Real Estate | Construction | 30-59 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	0	0
Real Estate | Construction | 60-89 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	0	0
Real Estate | Construction | Greater than 90 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	0	0
Commercial
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	0	0
Loans Not Past Due	212,600	191,828
Total Loans	212,600	191,828
Commercial | 30-59 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	0	0
Commercial | 60-89 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	0	0
Commercial | Greater than 90 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	0	0
Consumer
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	0	40
Loans Not Past Due	42,190	43,635
Total Loans	42,190	43,675
Consumer | 30-59 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	0	0
Consumer | 60-89 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	0	40
Consumer | Greater than 90 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	$ 0	$ 0

Loans - Summary of loans by cre

Loans - Summary of loans by credit quality indicator based on internally assigned credit grade (Details) $ in Thousands	3 Months Ended
	Mar. 31, 2019USD ($)item	Mar. 31, 2018item	Dec. 31, 2018USD ($)
Financing Receivable, Recorded Investment [Line Items]
Total Loans	$ 489,423		$ 467,149
Number of loans identified as troubled debt restructuring | item	0	0
Number of loans modified | item	0	0
Pass
Financing Receivable, Recorded Investment [Line Items]
Total Loans	$ 480,183		457,803
Special Mention
Financing Receivable, Recorded Investment [Line Items]
Total Loans	9,075		9,166
Substandard
Financing Receivable, Recorded Investment [Line Items]
Total Loans	165		180
Doubtful
Financing Receivable, Recorded Investment [Line Items]
Total Loans	0		0
Real Estate | 1 - 4 Family Residential
Financing Receivable, Recorded Investment [Line Items]
Total Loans	52,569		56,043
Real Estate | 1 - 4 Family Residential | Pass
Financing Receivable, Recorded Investment [Line Items]
Total Loans	52,569		56,043
Real Estate | 1 - 4 Family Residential | Special Mention
Financing Receivable, Recorded Investment [Line Items]
Total Loans	0		0
Real Estate | 1 - 4 Family Residential | Substandard
Financing Receivable, Recorded Investment [Line Items]
Total Loans	0		0
Real Estate | 1 - 4 Family Residential | Doubtful
Financing Receivable, Recorded Investment [Line Items]
Total Loans	0		0
Real Estate | Multifamily
Financing Receivable, Recorded Investment [Line Items]
Total Loans	137,908		136,537
Real Estate | Multifamily | Pass
Financing Receivable, Recorded Investment [Line Items]
Total Loans	137,908		136,537
Real Estate | Multifamily | Special Mention
Financing Receivable, Recorded Investment [Line Items]
Total Loans	0		0
Real Estate | Multifamily | Substandard
Financing Receivable, Recorded Investment [Line Items]
Total Loans	0		0
Real Estate | Multifamily | Doubtful
Financing Receivable, Recorded Investment [Line Items]
Total Loans	0		0
Real Estate | Commercial Real Estate
Financing Receivable, Recorded Investment [Line Items]
Total Loans	37,819		33,145
Real Estate | Commercial Real Estate | Pass
Financing Receivable, Recorded Investment [Line Items]
Total Loans	37,819		33,145
Real Estate | Commercial Real Estate | Special Mention
Financing Receivable, Recorded Investment [Line Items]
Total Loans	0		0
Real Estate | Commercial Real Estate | Substandard
Financing Receivable, Recorded Investment [Line Items]
Total Loans	0		0
Real Estate | Commercial Real Estate | Doubtful
Financing Receivable, Recorded Investment [Line Items]
Total Loans	0		0
Real Estate | Construction
Financing Receivable, Recorded Investment [Line Items]
Total Loans	6,337		5,921
Real Estate | Construction | Pass
Financing Receivable, Recorded Investment [Line Items]
Total Loans	6,337		5,921
Real Estate | Construction | Special Mention
Financing Receivable, Recorded Investment [Line Items]
Total Loans	0		0
Real Estate | Construction | Substandard
Financing Receivable, Recorded Investment [Line Items]
Total Loans	0		0
Real Estate | Construction | Doubtful
Financing Receivable, Recorded Investment [Line Items]
Total Loans	0		0
Commercial
Financing Receivable, Recorded Investment [Line Items]
Total Loans	212,600		191,828
Commercial | Pass
Financing Receivable, Recorded Investment [Line Items]
Total Loans	203,360		182,482
Commercial | Special Mention
Financing Receivable, Recorded Investment [Line Items]
Total Loans	9,075		9,166
Commercial | Substandard
Financing Receivable, Recorded Investment [Line Items]
Total Loans	165		180
Commercial | Doubtful
Financing Receivable, Recorded Investment [Line Items]
Total Loans	0		0
Consumer
Financing Receivable, Recorded Investment [Line Items]
Total Loans	42,190		43,675
Consumer | Pass
Financing Receivable, Recorded Investment [Line Items]
Total Loans	42,190		43,675
Consumer | Special Mention
Financing Receivable, Recorded Investment [Line Items]
Total Loans	0		0
Consumer | Substandard
Financing Receivable, Recorded Investment [Line Items]
Total Loans	0		0
Consumer | Doubtful
Financing Receivable, Recorded Investment [Line Items]
Total Loans	$ 0		$ 0

Noninterest Income (Details)

Noninterest Income (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Noninterest income
Total non-interest income	$ 2,081	$ 2,075
Administrative service income
Noninterest income
Noninterest income	173	965
Merchant services income
Noninterest income
Noninterest income	1,719	941
ACH income
Noninterest income
Noninterest income	95	80
Other
Noninterest income
Noninterest income	$ 94	$ 89

Share-Based Payment Plans - (De

Share-Based Payment Plans - (Details)	3 Months Ended
	Mar. 31, 2019
Stock Options
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Contractual term of awards	10 years
Stock Options | Minimum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period	3 years
Stock Options | Maximum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period	5 years
Restricted stock
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period	6 years
Vesting percentage after years four, five and six	33.30%

Share-Based Payment Plans - Wei

Share-Based Payment Plans - Weighted average assumptions (Details)	3 Months Ended
	Mar. 31, 2018$ / shares
Share-Based Payment Plans
Risk-Free Interest Rate	2.54%
Expected Term	84 months
Expected Stock Price Volatility	21.00%
Dividend Yield	0.00%
Weighted Average Fair Value	$ 5.63

Share-Based Payment Plans - Sum

Share-Based Payment Plans - Summary of options activity (Details) - Stock Options	3 Months Ended
	Mar. 31, 2019$ / sharesshares
Options
Outstanding at beginning of year | shares	919,175
Granted | shares	0
Outstanding at period end | shares	919,175
Vested or expected to vest | shares	919,175
Exercisable at period end | shares	604,980
Weighted Average Exercise Price
Outstanding at beginning of year | $ / shares	$ 13.39
Granted | $ / shares	0
Outstanding at period end | $ / shares	13.39
Vested or expected to vest | $ / shares	13.39
Exercisable at period end | $ / shares	$ 12.74
Weighted Average Remaining Contractual Life (Years), outstanding at period end	6 years 6 months 11 days
Weighted Average Remaining Contractual Life (Years), vested or expected to vest	6 years 6 months 11 days
Weighted Average Remaining Contractual Life (Years), exercisable at period end	6 years 15 days

Share-Based Payment Plans - S_2

Share-Based Payment Plans - Summary of restricted stock activity (Details) - $ / shares	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Weighted Average Grant Date Fair Value
Granted		$ 5.63
Restricted stock
Shares
Outstanding at beginning of year	148,500
Vested or expected to vest	0
Outstanding at period end	148,500
Weighted Average Grant Date Fair Value
Outstanding at beginning of year	$ 22.56
Vested or expected to vest	0
Outstanding at period end	$ 22.56

Share-Based Payment Plans - Add

Share-Based Payment Plans - Additional disclosures (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock options expense	$ 133	$ 154
Unrecognized compensation cost related to non-vested options	$ 1,000
Recognition period of nonvested stock options	2 years 2 months 5 days
Intrinsic value of outstanding options	$ 8,700
Intrinsic value of exercisable options	$ 6,100
Procces from options exercised		378
Stock Options
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of stock options issued	0
Contractual term of awards	10 years
Stock Options | Minimum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period	3 years
Stock Options | Maximum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period	5 years
Restricted stock
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period	6 years
Stock options expense	$ 137	$ 46
Unrecognized compensation cost related to non-vested options	$ 3,000
Recognition period of nonvested stock options	5 years 5 months 1 day

Earnings per Share - Summary of

Earnings per Share - Summary of earnings per share computation (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		15 Months Ended
	Mar. 31, 2019	Mar. 31, 2018	Mar. 31, 2019
Basic
Net income available to common shareholders	$ 2,985	$ 1,958
Net income allocated to common shareholders	$ 2,985	$ 1,958
Weighted average common shares outstanding (in shares)	7,384,223	7,364,651
Basic earnings per common share (in dollars per share)	$ 0.40	$ 0.27
Diluted
Net income allocated to common shareholders for basic earnings per share	$ 2,985	$ 1,958
Weighted average shares outstanding for basic earnings per common share	7,384,223	7,364,651
Add: Dilutive effects of share based awards	356,503	300,914
Average shares and dilutive potential common shares	7,740,726	7,665,565
Diluted earnings per common share (in dollars per share)	$ 0.39	$ 0.26
Stock options and restricted shares not considered in computing diluted earnings per share because they were anti-dilutive	43,500	43,500	163,000

Fair Value Measurements - Summa

Fair Value Measurements - Summary of assets and liabilities measured at fair value on recurring basis (Details) - USD ($) $ in Thousands	Mar. 31, 2019	Dec. 31, 2018	Mar. 31, 2018
Available-for-sale securities
Securities available-for-sale, at fair value	$ 152,909	$ 145,698
Fair Value, Assets, Level 1 to Level 2 Transfers, Amount	0		$ 0
Fair Value, Assets, Level 2 to Level 1 Transfers, Amount	0		$ 0
Mortgage-backed securities – agency
Available-for-sale securities
Securities available-for-sale, at fair value	26,715	26,675
CMO's - agency
Available-for-sale securities
Securities available-for-sale, at fair value	126,194	119,023
Quoted Prices In Active Markets For Identical Assets (Level 1)
Available-for-sale securities
Securities available-for-sale, at fair value	0	0
Significant Other Observable Inputs (Level 2)
Available-for-sale securities
Securities available-for-sale, at fair value	152,909	145,698
Significant Unobservable Inputs (Level 3)
Available-for-sale securities
Securities available-for-sale, at fair value	0	0
Recurring | Quoted Prices In Active Markets For Identical Assets (Level 1)
Available-for-sale securities
Securities available-for-sale, at fair value	0	0
Recurring | Quoted Prices In Active Markets For Identical Assets (Level 1) | Mortgage-backed securities – agency
Available-for-sale securities
Securities available-for-sale, at fair value	0	0
Recurring | Quoted Prices In Active Markets For Identical Assets (Level 1) | CMO's - agency
Available-for-sale securities
Securities available-for-sale, at fair value	0	0
Recurring | Significant Other Observable Inputs (Level 2)
Available-for-sale securities
Securities available-for-sale, at fair value	152,909	145,698
Recurring | Significant Other Observable Inputs (Level 2) | Mortgage-backed securities – agency
Available-for-sale securities
Securities available-for-sale, at fair value	26,715	26,675
Recurring | Significant Other Observable Inputs (Level 2) | CMO's - agency
Available-for-sale securities
Securities available-for-sale, at fair value	126,194	119,023
Recurring | Significant Unobservable Inputs (Level 3)
Available-for-sale securities
Securities available-for-sale, at fair value	0	0
Recurring | Significant Unobservable Inputs (Level 3) | Mortgage-backed securities – agency
Available-for-sale securities
Securities available-for-sale, at fair value	0	0
Recurring | Significant Unobservable Inputs (Level 3) | CMO's - agency
Available-for-sale securities
Securities available-for-sale, at fair value	0	0
Non-recurring
Available-for-sale securities
Assets	$ 0	$ 0

Fair Value Measurements - Sum_2

Fair Value Measurements - Summary of estimated fair values of financial instruments (Details) - USD ($) $ in Thousands	Mar. 31, 2019	Dec. 31, 2018
Financial Assets:
Securities available for sale	$ 152,909	$ 145,698
Securities, restricted, at cost	2,583	2,583
Loans, net of allowance	483,970	462,472
Accrued interest receivable	3,721	3,855
Financial Liabilities:
Time deposits	20,115	20,417
Secured borrowings	89	89
Quoted Prices In Active Markets For Identical Assets (Level 1)
Financial Assets:
Cash and cash equivalents	681	659
Securities available for sale	0	0
Loans, net of allowance	0	0
Accrued interest receivable	0	0
Financial Liabilities:
Time deposits	0	0
Demand and other deposits	594,867	548,004
Secured borrowings	0	0
Accrued interest payable	0	0
Significant Other Observable Inputs (Level 2)
Financial Assets:
Cash and cash equivalents	49,232	29,903
Securities available for sale	152,909	145,698
Loans, net of allowance	0	0
Accrued interest receivable	425	368
Financial Liabilities:
Time deposits	20,052	20,377
Demand and other deposits	0	0
Secured borrowings	89	89
Accrued interest payable	15	15
Significant Unobservable Inputs (Level 3)
Financial Assets:
Cash and cash equivalents	0	0
Securities available for sale	0	0
Loans, net of allowance	486,724	464,144
Accrued interest receivable	3,296	3,487
Financial Liabilities:
Time deposits	0	0
Demand and other deposits	0	0
Secured borrowings	0	0
Accrued interest payable	0	0
Carrying Value
Financial Assets:
Cash and cash equivalents	49,913	30,562
Securities available for sale	152,909	145,698
Securities, restricted, at cost	2,583	2,583
Loans, net of allowance	483,970	462,472
Accrued interest receivable	3,721	3,855
Financial Liabilities:
Time deposits	20,115	20,417
Demand and other deposits	594,867	548,004
Secured borrowings	89	89
Accrued interest payable	15	15
Fair Value
Financial Assets:
Cash and cash equivalents	49,913	30,562
Securities available for sale	152,909	145,698
Loans, net of allowance	486,724	464,144
Accrued interest receivable	3,721	3,855
Financial Liabilities:
Time deposits	20,052	20,377
Demand and other deposits	594,867	548,004
Secured borrowings	89	89
Accrued interest payable	$ 15	$ 15

Accumulated Other Comprehensi_3

Accumulated Other Comprehensive (Loss) Income - Summary of changes in accumulated other comprehensive (loss) income by component, net of tax (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Unrealized Gains on Available for Sale Securities
Beginning balance	$ (2,614)	$ (1,390)
Other comprehensive (loss) income before reclassifications	1,444	(1,255)
Amounts reclassified from accumulated other comprehensive income	0	0
Net current period other comprehensive (loss) income	1,444	(1,255)
Ending balance	(1,170)	(2,645)
Reclassifications	$ 0	$ 0