MB Bancorp (MBCQ) 10-K 13 Mar 19 2018 FY Annual report Financial data

Document and Entity Information

Document and Entity Information - USD ($)	12 Months Ended
	Dec. 31, 2018	Mar. 13, 2019	Jun. 30, 2018
Document And Entity Information [Abstract]
Entity Registrant Name	MB Bancorp Inc
Entity Central Index Key	0001617291
Trading Symbol	mbcq
Entity Current Reporting Status	Yes
Entity Voluntary Filers	No
Current Fiscal Year End Date	--12-31
Entity Filer Category	Non-accelerated Filer
Entity Well-known Seasoned Issuer	No
Entity Common Stock, Shares Outstanding		1,960,620
Entity Public Float			$ 28,429,767
Document Type	10-K
Amendment Flag	false
Document Period End Date	Dec. 31, 2018
Document Fiscal Year Focus	2018
Document Fiscal Period Focus	FY
Entity Shell Company	false
Entity Small Business	true
Entity Emerging Growth Company	false

CONSOLIDATED BALANCE SHEETS

CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Dec. 31, 2018	Dec. 31, 2017
ASSETS:
Cash and due from banks	$ 5,877	$ 6,603
Interest bearing deposits in other banks	1,534	1,362
Total cash and cash equivalents	7,411	7,965
Other interest-bearing deposits in other banks	498	1,245
Investment securities available-for-sale - at fair value	14,093	16,605
Investment securities held to maturity - amortized cost	16,802	17,410
Loans, net of unearned fees	101,052	95,053
Less allowance for loan losses	(1,292)	(1,288)
Loans, net	99,760	93,765
Real estate ground rents	811	822
Less allowance for credit losses	(136)	(141)
Ground rents, net	675	681
Federal Home Loan Bank stock, at cost	940	754
Property and equipment - net	3,548	3,664
Deferred income taxes	1,354	0
Bank-owned life insurance	4,692	4,574
Accrued interest receivable and other assets	576	668
TOTAL ASSETS	150,349	147,331
LIABILITIES:
Deposits	97,821	103,308
Federal Home Loan Bank advances	19,000	13,000
Deferred compensation liability	148	159
Accounts payable and other liabilities	416	504
Total liabilities	117,385	116,971
STOCKHOLDERS' EQUITY:
Common stock .01 par value; authorized 19,000,000 shares; issued 1,960,620 and 1,940,200 shares at December 31, 2018 and December 31, 2017, respectively	19	19
Additional paid-in capital	18,385	18,135
Retained earnings - substantially restricted	16,078	13,780
Accumulated other comprehensive loss	(286)	(229)
Unearned ESOP shares	(1,232)	(1,345)
Total stockholders' equity	32,964	30,360
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY	$ 150,349	$ 147,331

CONSOLIDATED BALANCE SHEETS (Pa

CONSOLIDATED BALANCE SHEETS (Parantheticals) - $ / shares	Dec. 31, 2018	Dec. 31, 2017
Statement of Financial Position [Abstract]
Common stock, par value (in dollars per share)	$ 0.01	$ 0.01
Common stock, shares authorized	19,000,000	19,000,000
Common stock, shares issued	1,960,620	1,940,200

CONSOLIDATED STATEMENTS OF INCO

CONSOLIDATED STATEMENTS OF INCOME - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017
INTEREST INCOME:
Interest and fees on loans	$ 4,337	$ 3,423
Interest on federal funds sold and other investments	54	78
Interest and dividends on investment securities	926	882
Total interest income	5,317	4,383
INTEREST EXPENSE:
Interest on deposits	997	816
Interest on short-term borrowings	181	69
Interest on long term borrowings	105	51
Total interest expense	1,283	936
NET INTEREST INCOME	4,034	3,447
(REVERSAL) PROVISION FOR LOAN LOSSES	(690)	0
NET INTEREST INCOME AFTER (REVERSAL) PROVISION FOR LOAN LOSSES	4,724	3,447
NON-INTEREST INCOME:
Increase in cash surrender value of life insurance	142	163
Gain on investment securities		57
Ground rent fees	39	41
Other income	39	44
Total non-interest income	268	359
NON-INTEREST EXPENSE:
Salaries and employee benefits	2,341	2,115
Occupancy expenses	400	433
Furniture and equipment expenses	46	41
Legal and professional expenses	379	320
Data processing and other outside services	285	322
FDIC insurance premiums	34	20
Advertising and marketing related expenses	7	9
Other expenses	471	473
Total non-interest expenses	3,963	3,733
INCOME BEFORE INCOME TAXES	1,029	73
INCOME TAX EXPENSE/(BENEFIT)	(1,278)	0
NET INCOME	$ 2,307	$ 73
Basic earnings per share (in dollars per share)	$ 1.27	$ 0.04
Diluted earnings per share (in dollars per share)	$ 1.27	$ 0.04
Service charges on deposit accounts
NON-INTEREST INCOME:
Service charges on deposit accounts and Fees and charges on loans	$ 15	$ 15
Fees and charges on loans
NON-INTEREST INCOME:
Service charges on deposit accounts and Fees and charges on loans	$ 33	$ 39

CONSOLIDATED STATEMENTS OF COMP

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017
Statement of Comprehensive Income [Abstract]
NET INCOME	$ 2,307	$ 73
OTHER COMPREHENSIVE INCOME (LOSS) ON AVAILABLE-FOR-SALE INVESTMENT SECURITIES:
Unrealized losses during the period	(133)	(90)
Reclassification of gain included in period		(57)
Unrealized losses during the period	(133)	(147)
Income taxes on unrealized losses during the period	76	0
TOTAL	(57)	(147)
COMPREHENSIVE INCOME (LOSS)	$ 2,250	$ (74)

CONSOLIDATED STATEMENTS OF CHAN

CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS' EQUITY - USD ($) $ in Thousands	Common Stock	Additional Paid In Capital	Retained Earnings	Unearned ESOP Shares	Accumulated Other Comprehensive Income (Loss)	Total
Balances at Dec. 31, 2016	$ 19	$ 18,132	$ 13,770	$ (1,458)	$ (139)	$ 30,324
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income			73			73
Net unrealized loss on available-for sale securities, net of tax of $0 and $76 for the year ending December 31, 2017 and December 31, 2018 respectively					(90)	(90)
Stock-based compensation		124		113		237
Repurchase of shares		(121)	(63)			(184)
Balances at Dec. 31, 2017	19	18,135	13,780	(1,345)	(229)	30,360
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income			2,307			2,307
Net unrealized loss on available-for sale securities, net of tax of $0 and $76 for the year ending December 31, 2017 and December 31, 2018 respectively					(57)	(57)
Stock-based compensation		266		113		379
Repurchase of shares		(16)	(9)			(25)
Balances at Dec. 31, 2018	$ 19	$ 18,385	$ 16,078	$ (1,232)	$ (286)	$ 32,964

CONSOLIDATED STATEMENTS OF CH_2

CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS' EQUITY (Parentheticals) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017
Statement of Stockholders' Equity [Abstract]
Income taxes on unrealized gains (losses) arising during the period	$ (76)	$ 0

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017
CASH FLOWS FROM OPERATING ACTIVITIES:
Net income	$ 2,307	$ 73
Adjustment to reconcile net income to net cash used in operating activities:
Depreciation expense	137	132
Increase in cash surrender value of life insurance	(118)	(143)
Net amortization/accretion of premiums and discounts	74	69
Provision for loan losses	(690)	0
Reversal for ground rent losses	(5)
Deferred income tax benefits, net	(1,278)
Non-cash compensation under stock-based benefit plan	379	237
Increase in accrued interest and other assets	92	(106)
Gain on sale of investment securities		(57)
Loss on early extinguishment of debt	0	0
Decrease in deferred compensation liability	(11)	(11)
Decrease in accounts payable and other liabilities	(88)	(298)
Net cash provided by (used in) operating activities	799	(104)
CASH FLOWS FROM INVESTING ACTIVITIES:
Net decrease (increase) in other interest bearing deposits in other banks	747	5,977
Purchase of available-for-sale investments		(15,971)
Proceeds from calls/repayments of available-for-sale investments	2,298	1,599
Proceeds from sale of available for sale securities		1,359
Purchase of held-to-maturity investments		(1,732)
Proceeds from maturity/repayments of held-to-maturity investments	615	3,144
Increase in loans, net	(5,305)	(7,735)
Proceeds from sale of ground rents	11	7
Purchase of bank-owned life insurance		(3,500)
Purchase of property, plant and equipment	(21)	(119)
Redemption of Federal Home Loan Bank stock	(186)	(336)
Net cash used in investing activities	(1,841)	(17,307)
CASH FLOWS FROM FINANCING ACTIVITIES:
Net increase in deposits	(5,487)	10,293
Federal Home Loan Bank advances	48,000	52,000
Federal Home Loan Bank repayments	(42,000)	(46,000)
Repurchase of common stock	(25)	(184)
Net cash used in financing activities	488	16,109
DECREASE IN CASH AND CASH EQUIVALENTS	(554)	(1,302)
CASH AND CASH EQUIVALENTS AT BEGINNING OF YEAR	7,965	9,267
CASH AND CASH EQUIVALENTS AT END OF YEAR	7,411	7,965
Supplemental cash flow information:
Interest paid	1,267	922
Income taxes paid	0	0
Unrealized Appreciation (Depreciation) on Securities AFS	(133)	(90)
Noncash:
Transfer of other real estate owned to loans	$ 0	$ 0

SUMMARY OF SIGNIFICANT ACCOUNTI

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	12 Months Ended
	Dec. 31, 2018
Accounting Policies [Abstract]
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	1. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES In 2002, Bohemian American Federal Savings and Loan Association, Inc., incorporated in 1899 in the State of Maryland, merged with Madison & Bradford Federal Savings & Loan Association, incorporated in 1904 in the State of Maryland, to form Madison Bohemian Savings Bank. On September 1, 2009 Madison Bohemian Savings Bank changed its name to Madison Bank of Maryland (the “Bank”). The Bank’s principal business is providing mortgage and consumer loans in Baltimore and Harford County. The Bank also provides construction and lot loans. Significant accounting policies followed by the Bank are presented below. On August 26, 2014, the Bank’s Board of Directors approved a plan (the “Plan”) to convert from a federally-chartered mutual savings bank to a federally-chartered stock savings bank form of organization, which was subsequently approved by the Bank’s members. The Plan included the formation of MB Bancorp, Inc. (the “Company”) to own all of the outstanding capital stock of the Bank. On December 29, 2014, the Bank completed its mutual-to-stock conversion. On that date, the Bank became the wholly owned subsidiary of the Company and the Company sold 2,116,000 shares of its common stock for gross offering proceeds of  $21,160,000. The cost of conversion and issuing and selling the capital stock was deducted from the proceeds of the offering. At the time of conversion, the Bank established a liquidation account in an amount equal to its retained earnings as reflected in the latest balance sheet used in the final conversion prospectus. The liquidation account will be maintained for the benefit of eligible account holders who continue to maintain their deposit accounts in the Bank after conversion. The liquidation account will be reduced annually to the extent that eligible depositors have reduced their qualifying deposits. In the event of a complete liquidation of the Bank, eligible depositors who continue to maintain accounts in accordance with Office of the Comptroller of the Currency (“OCC”) regulations will be entitled to receive a distribution from the liquidation account before any liquidation may be made with respect to the Company’s common stock. The conversion will be accounted for as change in corporate form with the historic base of the Bank’s assets, liabilities and equity unchanged as a result. The Bank may not declare or pay a cash dividend if the effect thereof would cause its net worth to be reduced below either the amount required for the liquidation account discussed below or the regulatory capital requirements imposed by the OCC. Principles of Consolidation The consolidated financial statements include the accounts of MB Bancorp, Inc. (“The Company”) and its wholly owned subsidiaries, Madison Bank of Maryland (“The Bank”), 1920 Rock Spring Road, LLC formed in 1998 to own and hold real estate and Mutual, LLC formed in 2011 to hold other real estate owned. All significant intercompany accounts and transactions have been eliminated. The accounting and reporting policies of the Company conform to U.S. generally accepted accounting principles and to general practices in the banking industry. Use of Estimates The preparation of financial statements in conformity with U.S. generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. Cash and Cash Equivalents The Company has included cash and due from banks, interest-bearing deposits in other banks with original maturities of 90 days or less, and federal funds sold and other overnight investments as cash and cash equivalents for the purpose of reporting cash flows. Credit Risk The Company has unsecured deposits with several other financial institutions in excess of amounts insured by the Federal Deposit Insurance Corporation (“FDIC”). Investments Securities As securities are purchased, management determines if the securities should be classified as held to maturity or available for sale. Securities which management has the intent and ability to hold to maturity are recorded at amortized cost. Securities which may be sold before maturity are classified as available for sale and carried at fair value with unrealized gains and losses included in accumulated other comprehensive income, a separate component of equity, on an after-tax basis. Realized gains and losses, using the specific identification method, are included as a separate component of noninterest income. Premiums and discounts on investment securities are amortized/accreted to the earlier of call or maturity. Investments in Federal Home Bank stock are excluded from securities classified as available for sale and are carried at cost. Declines in the fair value of individual available for sale or held to maturity securities below their cost that are other than temporary, result in write-downs of the individual securities to their fair value. Factors affecting the determination of whether another-than-temporary impairment has occurred include, among others, a downgrading of the security by the rating agency or a significant deterioration in the financial condition of the issuer. Management systematically evaluates investment securities for other-than-temporary declines in fair value on a quarterly basis. This analysis requires management to consider various factors, which include (1) duration and magnitude of the decline in value, (2) the financial condition of the issuer or issuers and (3) the structure of the security. An impairment loss is recognized in earnings only when (1) the Bank intends to sell the debt security; (2) it is more likely than not that the Bank will be required to sell the security before recovery of its amortized cost basis; or (3) the Company does not expect to recover the entire amortized cost basis of the security. In situations where the Bank intends to sell or when it is more likely than not that the Company will be required to sell the security, the entire impairment loss must be recognized in earnings. In all other situations, only the portion of the impairment loss representing the credit loss must be recognized in earnings, with the remaining portion being recognized in stockholders’ equity as a component of other comprehensive income, net of deferred taxes. Loans Loans are stated at the principal amount outstanding net of any deferred fees and costs. Interest income on loans is accrued at the contractual rate on the principal amount outstanding. It is the Company’s policy to discontinue the accrual of interest when circumstances indicate that collection is doubtful. Direct loan origination fees, net of direct loan origination costs, are amortized or accreted over the contractual life of the loan using the interest method. Loans are considered impaired when, based on current information; it is probable that the Company will not collect all principal and interest payments according to contractual terms. Generally, loans are considered impaired once principal and interest payments are past due and they are placed on non-accrual. Management also considers the financial condition of the borrower, cash flows of the loan and the value of the related collateral. Impaired loans do not include large groups of smaller balance homogeneous credits such as residential real estate and consumer installment loans, which are evaluated collectively for impairment. Loans specifically reviewed for impairment are not considered impaired during periods of “minimal delay” in payment (usually ninety days or less) provided eventual collection of all amounts due is expected. Impaired loans are measured based on the present value of expected future cash flows discounted at the loan’s effective interest rate, except that as a practical expedient, the Company may measure impairment based on a loan’s observable market price or the fair value of the collateral, if the loan is collateral dependent. The Company recognizes interest income on impaired loans on a cash basis if the borrower demonstrates the ability to meet the contractual obligation and collateral is sufficient. If there is doubt regarding the borrower’s ability to make payments or the collateral is not sufficient, payments received are accounted for as a reduction in principal. A loan is considered to be a troubled debt restructured loan (“TDR”) when the Company grants a concession to the borrower that the Company would not otherwise consider to a borrower of comparable risk and placed on non-accrual status. Such concessions include the reduction of interest rates, forgiveness of all or a portion of principal or interest, extension of loan term or other modifications at interest rates that are less than the current market rate for new obligations with similar risk. If a loan is in nonaccrual status at the time we restructure it and classify the restructure as a troubled debt restructuring, it is our policy to maintain the loan as nonaccrual until we receive six consecutive monthly payments under the restructured terms.. Allowance for Loan Losses The allowance for loan losses is established through a provision for loan losses charged to expense or reversal for loan losses which is credited to expense. Loans are charged against the allowance for loan losses when management believes that the collectability of the principal is unlikely. The Company maintains an allowance for loan losses at an amount estimated to equal all loan losses incurred in our loan portfolio that are both probable and reasonable to estimate at a balance sheet date. The evaluations take into consideration such factors as changes in the nature and volume of the loan portfolio, overall portfolio quality, review of specific problem loans, and current economic conditions and trends that may affect the borrowers’ ability to pay. The allowance for loan losses represents an estimation done pursuant to either Accounting Standards Codification (“ASC”) Topic 450 “ Contingencies Receivables While management believes it has established the allowance for loan losses in accordance with generally accepted accounting principles and has taken into account the views of its regulators and the current economic environment, there can be no assurance that in the future the Bank’s regulators or the economic environment will not require further increases in the allowance. Real Estate Ground Rents Ground rents are a form of real estate ownership where the land is owned by one entity, but the improved property located on the land is owned by the homeowner. The Company’s ground rents are supported by deeds that have been registered with Maryland State Department of Assessments and Taxation. Under Maryland law, homeowners are required to pay the ground rent owner an annual fee that is stated in the original ground rent deed. The fee is typically 6% of the original value of the land as stipulated in the deed and is paid biannually. In addition, Maryland law stipulates that ground rent owners are required to sell or redeem the ground rent to the homeowner when requested. The redemption price on the ground rent is the lesser of the annual ground rent fee divided by a statutory redemption rate, which ranges from 6% to 12%, or the contractual sales price. Maryland also limits the collection of ground rent fees to amounts due for three years or less. Ground rents are recorded at the lower of cost or fair value. Fair value is estimated based on the contractual value of the unconsummated redemption or sales agreements. Ground rent fees are recognized upon receipt and included in non-interest income. At December 31, 2018 and 2017, the Company’s investment includes individual ground rents ranging from $600 to $3,000, totaling $811,000 and $822,000 respectively. An allowance for losses is established when the collectability of ground rent payments becomes uncertain, typically when the ground rent payment becomes three years delinquent. At December 31, 2018 and 2017, the Company had $136,000 and $141,000 respectively, of ground rents that were three years or more delinquent and were reserved at 100%. Premises and Equipment Premises and equipment are stated at cost less accumulated depreciation and amortization computed using the straight-line method. Premises and equipment are depreciated over the useful lives of the assets. Useful lives range from five to ten years for furniture, fixtures, and equipment; three to five years for software, hardware, and data handling equipment. Maintenance and repairs are charged to expense as incurred, while improvements, which extend the useful life, are capitalized and depreciated over the estimated remaining life of the asset. Long-lived depreciable assets are evaluated periodically for impairment when events or changes in circumstances indicate the carrying amount may not be recoverable. Impairment exists when the expected undiscounted future cash flows of a long-lived asset are less than its carrying value. In that event, the Company recognizes a loss for the difference between the carrying amount and the estimated fair value of the asset based on a quoted market price, if applicable, or a discounted cash flow analysis. Bank-Owned Life Insurance The Bank purchased single-premium life insurance policies on certain former officers and directors of the Bank. The net cash surrender value of those policies is classified in other assets. Appreciation in the value of the insurance policies is classified in non-interest income. Other Real Estate Owned Real estate acquired in satisfaction of a debt is carried at fair value net of estimated selling costs. Costs incurred in maintaining foreclosed real estate and write-downs to reflect declines in the fair value of the properties after acquisition are included in noninterest expenses. Transfers of Financial Assets Transfers of financial assets are accounted for as sales, when control over the assets has been surrendered. Control over transferred assets is deemed to be surrendered when: (1) the assets have been isolated from the Bank, (2) the transferee obtains the right (free of conditions that constrain it from taking advantage of that right) to pledge or exchange the transferred assets, and (3) the Bank does not maintain effective control over the transferred assets through an agreement to repurchase them before their maturity. Earnings Per Share Basic per share amounts are based on the weighted average shares of common stock outstanding. Unearned ESOP shares are not included in outstanding shares. Diluted earnings per share assume the conversion, exercise or issuance of all potential common stock instruments such as options, warrants and convertible securities, unless the effect is to reduce a loss or increase earnings per share. Advertising Costs Advertising costs are generally expensed as incurred. Income Taxes The Bank uses the liability method of accounting for income taxes. Under the liability method, deferred-tax assets and liabilities are determined based on differences between the financial statement carrying amounts and the tax bases of existing assets and liabilities ( i.e., ASC Topic 740, “ Income Taxes, Recognition of Deferred Tax Valuation Allowance Our deferred tax assets are composed of U.S. net operating losses (“NOLs”), and other temporary book to tax differences. The Company recorded a deferred tax valuation allowance specific to capital loss carryforward in 2013 and further increased the valuation allowance to include net operating loss carryforward in 2014. During 2014, management established a valuation allowance for the net operating loss component of the Bank’s deferred tax assets as the Bank had remained in a cumulative loss position for three consecutive years and consequently management reevaluated the need for a valuation allowance of the deferred tax asset balance. During the year of 2016, the Company recorded additional deferred tax valuation allowance which reduced the Company’s deferred tax asset to zero beginning in December 2016 and continuing through the period ended September 30, 2018. Management’s evaluation included: management’s ability to fully implement our strategic plan and the ability to generate sufficient taxable income to fully realize the Bank’s net operating loss carryforwards. Management concluded that it is more likely than not the Bank will be unable to generate sufficient taxable income in the foreseeable future to fully utilize the cumulative net operating loss carryforward and, therefore, established a valuation allowance to offset the net operating loss carryforward related deferred tax asset. The Company maintained this valuation allowance against the net deferred tax assets at September 30, 2018 based on its estimate of future reversal and utilization. As a result, there was no income tax benefit recorded for the year ended December 31, 2017 or the nine month period ended September 30, 2018. When determining the amount of deferred tax assets that are more-likely-than-not to be realized, and therefore recorded as a benefit, the Company conducts a regular assessment of all available information. This information includes, but is not limited to, taxable income in prior periods, projected future income and projected future reversals of deferred tax items. As of December 31, 2018, the Company was no longer in a three year cumulative loss position and projects sufficient taxable income in the foreseeable future to fully utilize the deferred tax assets, that it was no longer necessary to maintain a full valuation allowance against the entire net deferred tax asset. The Company further examined each component of the deferred tax asset and determined it was more likely than not the Company will be able to generate sufficient taxable income in the foreseeable future to fully utilize each of the components of the deferred tax asset except for net operating loss for the State of Maryland. Currently and also for the foreseeable future, the Company has significant tax exempt income from the State of Maryland that will not allow the Company to generate sufficient State taxable income. Therefore, as of December 31, 2018, the Company will continue to keep the valuation allowance attributable to state net operating losses ($362,000). As a result, a portion of the valuation allowance on the deferred tax asset was reversed which resulted in a credit to income tax expense of  $1.3 million. Stock-Based Compensation The Company has stock-based incentive arrangements to attract and retain key personnel in order to promote the success of the business. In May 2016, the 2016 Equity Incentive Plan (the “2016 plan”) was approved by shareholders, which authorizes the issuance of restricted stock and stock options to the Board of Directors and key employees. Compensation cost for all stock-based awards is measured at fair value on date of grant and recognized over the vesting period on a straight-line basis. Such value is recognized as expense over the service period, net of estimated forfeitures. The estimation of stock awards that ultimately vest requires judgment, and to the extent actual results or updated estimates differ from our current estimates, such amounts will be recorded as a cumulative adjustment in the period estimates are revised. The Company considers many factors when estimating expected forfeitures, including types of awards, employee class and historical experience. Supplemental Executive Retirement Plans (“SERP”) The Bank has SERP’s with various former officers and directors of the Bank. The liabilities under the majority of the agreements are capped at the cash values of insurance policies that have been purchased to fund the policies. The liability for a director who has already attained retirement age has been calculated on the present value of payments under the plan. There is also life insurance to protect the Bank under this director’s plan. Financial Statement Presentation Certain amounts in the prior years’ financial statements have been reclassified to conform to the correct year’s presentation.

INVESTMENT SECURITIES

INVESTMENT SECURITIES	12 Months Ended
	Dec. 31, 2018
Investments, Debt and Equity Securities [Abstract]
INVESTMENT SECURITIES	2. INVESTMENT SECURITIES The carrying amount and estimated fair market value of investment securities classified as available-for-sale are summarized as follows: December 31, 2018 (Dollars in thousands) Amortized Gross Gross Estimated Investments available-for-sale: U.S. Government securities $ 1,000 $ — $ (94 ) $ 906 Municipal Securities 481 — (4 ) 477 Mortgage-backed securities 12,974 2 (266 ) 12,710 Total investments available-for-sale $ 14,455 $ 2 $ (364 ) $ 14,093 December 31, 2017 (Dollars in thousands) Amortized Gross Gross Estimated Investments available-for-sale: U.S. Government securities $ 1,000 $ — $ (55 ) $ 945 Municipal Securities 499 — (2 ) 497 Mortgage-backed securities 15,334 — (171 ) 15,163 Total investments available-for-sale $ 16,833 $ — $ (228 ) $ 16,605 The carrying amount and estimated fair market value of investment securities classified as held-to-maturity are summarized as follows: December 31, 2018 (Dollars in thousands) Amortized Gross Gross Estimated Investments held-to-maturity: U.S. Government securities $ 12,500 $ — $ (640 ) $ 11,860 Mortgage backed securities 4,302 53 (124 ) 4,231 Total investments held-to-maturity $ 16,802 $ 53 $ (764 ) $ 16,091 December 31, 2017 (Dollars in thousands) Amortized Gross Gross Estimated Investments held-to-maturity: U.S. Government securities $ 12,500 $ — $ (424 ) $ 12,076 Mortgage backed securities 4,910 106 (84 ) 4,932 Total investments held-to-maturity $ 17,410 $ 106 $ (508 ) $ 17,008 Below are schedules of both available-for-sale and held-to-maturity securities with unrealized losses as of December 31, 2018 and 2017 and the length of time the individual security has been in a continuous unrealized loss position. Unrealized losses are the result of interest rate levels differing from those existing at the time of purchase of the securities and as to mortgage-backed securities, estimated prepayment speeds. At December 31, 2018 and 2017, these unrealized losses are considered temporary as they reflect changes in fair values and are subject to change daily as interest rates fluctuate and the Bank has the ability and intent to hold the securities until the earlier of maturity or recovery. There were no sales of investment securities for the year ended December 31, 2018. The Bank realized gains of  $57,000 on sale of investment securities for the year ended December 31, 2017. Proceeds from sales of available for sale securities totaled $1.4 million for the year ended December 31, 2017 with realized gains of  $23,000. During the year ended December 31, 2017, the Bank also sold held-to-maturity securities which has a substantial (greater than 85%) portion of the principal paid prior to the sale of the security thus not tainting the remaining held-to-maturity portfolio. Proceeds from sales of held-to-maturity securities totaled $701,000 for the year ended December 31, 2017 with realized gains of  $34,000. December 31, 2018 Less than 12 Months 12 Months or More Total (Dollars in thousands) Fair Value Unrealized Fair Value Unrealized Fair Value Unrealized Mortgage-backed securities $ — $ — $ 14,316 $ (390 ) $ 14,316 $ (390 ) Municipal Securities — — 477 (4 ) 477 (4 ) U.S. Government securities — — 12,766 (734 ) 12,766 (734 ) Total temporarily impaired securities $ $ $ 27,559 $ (1,128 ) $ 27,559 $ (1,128 ) December 31, 2017 Less than 12 Months 12 Months or More Total (Dollars in thousands) Fair Value Unrealized Fair Value Unrealized Fair Value Unrealized Mortgage-backed securities $ 13,443 $ (117 ) $ 4,499 $ (138 ) $ 17,942 $ (255 ) Municipal Securities 497 (2 ) 497 (2 ) U.S. Government securities 987 (13 ) 12,034 (466 ) 13,021 (479 ) Total temporarily impaired securities $ 14,927 $ (132 ) $ 16,533 $ (604 ) $ 31,460 $ (736 ) The scheduled maturities of debt securities at December 31, 2018 were as follows: Amortized Fair (in thousands) (in thousands) Due over one year through five years $ 1,000 $ 979 Due over five years through ten years 11,500 10,881 Due after ten years . 1,481 1,383 Mortgage-backed securities 17,276 16,941 Total $ 31,257 $ 30,184

LOANS RECEIVABLE

LOANS RECEIVABLE	12 Months Ended
	Dec. 31, 2018
Receivables [Abstract]
LOANS RECEIVABLE	3. LOANS RECEIVABLE Loans receivable consist of the following: (Dollars in thousands) December 31, December 31, Secured by real estate: Residential: One-to four-family $ 77,209 $ 74,266 Multi-family 1,189 1,243 Total 78,398 75,509 Non-residential 15,709 13,183 Construction and land loans 3,003 3,240 Home equity line of credit (“HELOC”) 2,660 3,471 Consumer and other loans: Loans to depositors, secured by savings, & C&I 2,346 424 102,116 95,827 Add: Net discount on purchased loans (4 ) 1 Unamortized net deferred costs 50 41 Less: Undisbursed portion of construction loans (1,046 ) (741 ) Unearned net loan origination fees (64 ) (75 ) Less allowance for loan losses (1,292 ) (1,288 ) Loans receivable, net $ 99,760 $ 93,765 The risks associated with lending activities differ among the various loan types and are subject to the impact of changes in interest rates, market conditions of collateral securing the loans, and general economic conditions. All of these factors may adversely impact the borrower’s ability to repay its loans and impact the associated collateral. Residential real estate includes mortgage loans with the underlying one- to four-family or multi-family residential property (primarily owner-occupied) securing the debt. The Bank’s attempt to minimize risk exposure is minimized in these types of loans through the evaluation of the credit worthiness of the borrower, including debt-to-income ratios and underwriting standards which limit the loans-to-value ratio at origination to generally no more than 80% unless the borrower obtains private mortgage insurance. Residential real estate also includes home equity loans and lines of credit. These present a slightly higher risk to the Bank than one-to four-family first lien mortgages as they can be first or second liens on the underlying property. These loans are generally limited with respect to loan-to-value ratios and the credit worthiness of the borrower is considered including debt-to-income ratios. Non-residential real estate includes various types of loans which have differing levels of credit risk associated with them. Owner-occupied commercial real estate loans are generally dependent upon the successful operation of the borrower’s business, with cash flows generated from the business being the primary source of loan repayment. If the business suffers a downturn in sales or profitability, the borrower’s ability to repay the loan could be in jeopardy. The Bank, attempts to minimize this credit risk through its underwriting standards which include the credit worthiness of the borrower, a limitation on loan amounts to the value of the property securing the loan, and an evaluation of debt service coverage ratios. Non-owner occupied commercial real estate loans present a different credit risk to the Bank than owner-occupied commercial real estate, as the repayment of the loan is dependent upon the borrower’s ability to generate a sufficient level of occupancy to produce rental income that exceeds debt service requirement and operating expenses. Lower occupancy or lease rates may result in a reduction in cash flows, which hinder the ability of the borrower to meet debt service requirements, and may result in lower collateral values. The Bank generally follows the same underwriting standards for these loans as with owner occupied commercial real estate, but recognizes the greater risk inherent in these credit relationships in its loan pricing. Construction and land loans consist of one- to four-family residential construction and land development loans. The risk of loss on these loans is largely dependent on the Bank’s ability to assess the property’s value at the completion of the project. During the construction phase, a number of factors could potentially negatively impact the collateral value, including cost overruns, delays in completing the project, competition and real estate market conditions which may change based on the supply of similar properties in the area. In the event the collateral value at the completion of the project is not sufficient to cover the outstanding loan balance, the Bank must rely upon other repayment sources, including the borrowers and/or guarantors of the project or other collateral securing the loan. The Bank attempts to mitigate credit risk through strict underwriting standards including evaluation of the credit worthiness of the borrowers and their success in other projects, adequate loan-to-value ratios and continual monitoring of the project during its construction phase. Consumer loans consist primarily of loans secured by the borrower’s deposit balance at the Bank. As these loans are typically 100% secured by savings and certificate of deposits, the risk of credit loss is not deemed significant. The Bank maintains an allowance for loan losses at an amount estimated to equal all loan losses incurred in our loan portfolio that are both probable and reasonable to estimate at a balance sheet date. Our determination as to the classification of our assets is subject to review by the OCC and the FDIC. We regularly review our asset portfolio to determine whether any assets require classification in accordance with applicable regulatory guidelines. The Bank provides for loan losses based upon the consistent application of our documented allowance for loan loss methodology. All loan losses are charged to the allowance for loan losses and all recoveries are credited to it. Additions to the allowance for loan losses are provided by charges to income and reductions in the allowance result in credits to income based on various factors which, in our judgment, deserve current recognition is estimating probable losses. We regularly review the loan portfolio and make provisions or reversals for loan losses in order to maintain the allowance for loan losses in accordance with Generally Accepted Accounting Principles (“GAAP”). The allowance for loan losses consists of two components: • Specific allowances are only established for non-collateral dependent troubled-debt restructured loans and are established at the modification date of the troubled loan. The specific valuation allowance is computed as the excess of the loan’s expected cash flow based on the remaining original loan terms and the expected cash flow of the corresponding modified loan discounted at the original loan rate. As long as the borrower performs under the terms of the modification agreement, on a monthly basis we recalculate the specific valuation using the discounted cash-flow method described above. If the borrower fails to perform under the modification agreement, we will treat the loan as a collateral dependent and measure the loss by using the fair value of the collateral less disposition costs. Losses on non-modified loans are charged-off in the month the loss is measured. Non-modified loans are measured for loss at the point the loan becomes 90 to 120 days delinquent or at maturity if an extension is requested. We obtain a third party appraisal to determine the fair value of the collateral. We measure these loans for loss by using the fair value of collateral less disposition costs method and if any loss is determined it is charged off directly. Subsequently, these loans are re-evaluated at least quarterly by obtaining an updated third party appraisal or other valuations such as from the Freddie Mac Automated Valuation Model to determine if there should be any further loss recognition. • General allowances are established for loan losses on a portfolio basis for loans that do not meet the definition of impaired loans. The portfolio is grouped into similar risk characteristics, primarily loan type and regulatory classification. We apply an estimated loss rate to each loan group. The loss rates applied are based upon our loss experience adjusted, as appropriate, for the qualitative factors discussed below. Management’s periodic evaluation of the adequacy of the allowance is based on the Bank’s historical loan loss experience, known and inherent losses in the portfolio, adverse situations that may affect the borrower’s ability to repay, and the estimated value of any underlying collateral. The historical loss experience over a three year period is further adjusted for qualitative factors which include: changes in composition of the loan portfolio, current economic conditions, trends of past due and classified loans, quality of loan review system and Board oversight, existence and effect of concentrations and other relevant factors. This evaluation is inherently subjective as it requires material estimates that may be susceptible to significant change, including the amounts and timing of future cash flows expected to be received on impaired loans. A loan is considered past due or delinquent when a contractual payment is not paid on the day it is due. Loans are generally placed on non-accrual status when they become 120 days delinquent. We may choose to consider loans from 90 to 119 days delinquent to be non-accrual, and generally do so except where a borrower has a history of periodically bringing a loan current after being 90 days or more delinquent. If the loan is less than 90 days delinquent, but information is brought to our attention that indicates the collection of interest is doubtful, the loan will immediately be considered non-accrual. A loan is considered impaired when, based on current information and events, it is probable that the Bank will be unable to collect the scheduled payments of principal or interest when due according to the contractual terms of the loan agreement. Factors considered by management in determining impairment include payment status, collateral value and the probability of collecting scheduled principal and interest payments when due. Loans that experience insignificant payment delays and payment shortfalls generally are not classified as impaired. Management determines the significance of payment delays and payment shortfalls on a case-by-case basis, taking into consideration all of the circumstances surrounding the loan and the borrower, including the length of the delay, the reasons for the delay, the borrower’s prior payment record and the amount of the shortfall in relation to the principal and interest owed. Impairment is measured on a loan by loan basis. If the loan is deemed collateral dependent, the impairment is measured on the net realizable value of the collateral. If loan repayment is not deemed collateral dependent, impairment is measured on the net present value of the expected discounted future cash flows. The Bank charges off loans after the loan, or a portion of the loan is deemed to be a loss and the loss amount has been determined. The loss amount is charged to the established allowance for loan losses. Each loss is evaluated on its specific facts regarding the appropriate timing to recognize the loss. Allowance for loan losses and recorded investment in loans for the year ended December 31, 2018 is as follows: (Dollars in thousands) Residential Non-residential Construction Total Allowance for loan losses: Beginning balance $ 1,043 $ 158 $ 87 $ 1,288 Charge-offs (43 ) — — (43 ) Recoveries 38 2 697 737 Provisions (Reversal) (72 ) 110 (728 ) (690 ) Ending balance $ 1,002 $ 270 $ 20 $ 1,292 Allowance for loan losses: Ending balance: individually evaluated for impairment $ — $ — $ — $ — Ending balance: collectively evaluated for impairment $ 1,002 $ 270 $ 20 $ 1,292 Loans: Ending balance: individually evaluated for impairment $ 1,898 $ 1,236 $ 287 $ 3,421 Ending balance: collectively evaluated for impairment $ 81,506 $ 14,473 $ 2,716 $ 98,695 Allowance for loan losses and recorded investment in loans for the year ended December 31, 2017 is as follows: (Dollars in thousands) Residential Non-residential Construction Total Allowance for loan losses: Beginning balance $ 973 $ 158 $ 87 $ 1,218 Charge-offs (83 ) (81 ) — (166 ) Recoveries 105 — 131 236 Provisions (Reversal) 50 81 (131 ) — Ending balance $ 1,043 $ 158 $ 87 $ 1,288 Allowance for loan losses: Ending balance: individually evaluated for impairment $ 30 $ — $ — $ 30 Ending balance: collectively evaluated for impairment $ 1,013 $ 158 $ 87 $ 1,258 Loans: Ending balance: individually evaluated for impairment $ 2,179 $ 1,154 $ 1,094 $ 4,427 Ending balance: collectively evaluated for impairment $ 77,225 $ 12,029 $ 2,146 $ 91,400 Credit risk profile by internally assigned classification as of December 31, 2018 is as follows: (Dollars in thousands) Residential Non-residential Construction Total Non-classified $ 79,882 $ 14,582 $ 2,491 $ 96,955 Special mention 2,976 159 512 3,647 Substandard 546 968 — 1,514 Doubtful — — — — Loss — — — — Total $ 83,404 $ 15,709 $ 3,003 $ 102,116 Credit risk profile by internally assigned classification as of December 31, 2017 is as follows: (Dollars in thousands) Residential Non-residential Construction Total Non-classified $ 74.808 $ 11,181 $ 1,910 $ 87,899 Special mention 2,060 — 236 2,296 Substandard 2,536 2,002 1,094 5,632 Doubtful — — — — Loss — — — — Total $ 79,404 $ 13,183 $ 3,240 $ 95,827 • Special Mention • Substandard • Doubtful • Loss Impaired loans as of and for the year ended December 31, 2018 is as follows: (Dollars in thousands) Residential Non-residential Construction Total With no related allowance recorded: Recorded investment $ 1,898 $ 1,236 $ 287 $ 3,421 Unpaid principal balance 2,116 1,365 435 3,916 Average recorded investment, for the twelve months ended December 31, 2018 2,230 1,201 619 4,050 Interest income recognized. 133 44 35 212 Interest income foregone 33 — — 33 With an allowance recorded: Recorded investment — — — — Unpaid principal balance — — — — Related allowance — — — — Average recorded investment, for the twelve months ended December 31, 2018. — — — — Interest income recognized. — — — — Interest income foregone — — — — Total Recorded investment 1,898 1,236 287 3,421 Unpaid principal balance 2,116 1,365 435 3,916 Related allowance — — — — Average recorded investment, for the twelve months ended December 31, 2018 2,230 1,201 619 4,050 Interest income recognized. 133 44 35 212 Interest income foregone 33 — — 33 Impaired loans as of and for the year ended December 31, 2017 is as follows: (Dollars in thousands) Residential Non-residential Construction Total With no related allowance recorded: Recorded investment $ 1,823 $ 1,154 $ 1,094 $ 4,071 Unpaid principal balance 2,421 2,026 2,137 6,584 Average recorded investment, for the twelve months ended December 31, 2017 2,511 1,468 1,310 5,289 Interest income recognized 179 92 41 312 Interest income foregone 8 4 53 65 With an allowance recorded: Recorded investment 356 — — 356 Unpaid principal balance 357 — — 357 Related allowance 30 — — 30 Average recorded investment, for the twelve months ended December 31, 2017 354 — — 354 Interest income recognized 57 — — 57 Interest income foregone — — — — Total Recorded investment 2,179 1,154 1,094 4,427 Unpaid principal balance 2,778 2,026 2,137 6,941 Related allowance 30 — — 30 Average recorded investment, for the twelve months ended December 31, 2017 2,865 1,468 1,310 5,643 Interest income recognized 236 92 41 369 Interest income foregone 8 4 53 65 An aged analysis of past due loans as of December 31, 2018 are as follows: (Dollars in thousands) Residential Non-residential Construction Total Current $ 83,147 $ 15,709 $ 3,003 $ 101,859 30 – 59 days past due 14 — — 14 60 – 89 days past due — — — — Greater than 90 day past due and still accruing — — — — Greater than 90 days past due 243 — — 243 Total past due 257 — — 257 Total $ 83,404 $ 15,709 $ 3,003 $ 102,116 An aged analysis of past due loans as of December 31, 2017 are as follows: (Dollars in thousands) Residential Non-residential Construction Total Current $ 78,710 $ 13,183 $ 2,609 $ 94,502 30 – 59 days past due 115 — — 115 60 – 89 days past due — — — — Greater than 90 day past due and still accruing 341 — — 341 Greater than 90 days past due 238 — 631 869 Total past due 694 — 631 1,325 Total $ 79,404 $ 13,183 $ 3,240 $ 95,827 Non-performing loans as of December 31, 2018 are as follows: (Dollars in thousands) Residential Non-residential Construction Total Non-accruing troubled debt restructured loans $ 258 $ — $ 6 $ 264 Other non-accrual loans 254 — — 254 Total non-accrual loans 512 — 6 518 Accruing troubled debt restructured loans. 1,166 1,236 — 2,402 Total $ 1,678 $ 1,236 $ 6 $ 2,920 Non-performing loans as of December 31, 2017 are as follows: (Dollars in thousands) Residential Non-residential Construction Total Non-accruing troubled debt restructured loans $ 427 $ — $ 649 $ 1,076 Other non-accrual loans 430 74 — 504 Total non-accrual loans 857 74 649 1,580 Accruing troubled debt restructured loans 1,059 1,153 — 2,212 Total $ 1,916 $ 1,227 $ 649 $ 3,792 Troubled debt restructurings (“TDRs”) are modifications of loans to assist borrowers who are unable to meet the original terms of their loans, in an effort to minimize the potential loss on the loan. Modifications of the loan terms includes but is not necessarily limited to: reduction of interest rates, forgiveness of all or a portion of principal or interest, extension of loan term or other modifications at interest rates that are less than the current market rate for new obligations with similar risk. If a loan is in non-accrual status at the time we restructure it and classify the restructure as a troubled debt restructuring, it is our policy to maintain the loan as nonaccrual until we receive six consecutive payments under the restructured terms. TDR loans that are in compliance with their modified terms and have made at least six consecutive payments under the restructured terms are included in accruing TDR loans. The following includes loans modified as troubled debt restructurings during the year ended December 31, 2018. (Dollars in thousands) Number of Pre-modification Post-modification Residential real estate and consumer 1 $ 153 $ 153 Non-residential real estate — — — Construction and land — — — Total 1 $ 153 $ 153 The following includes loans modified as troubled debt restructurings during the year ended December 31, 2017. (Dollars in thousands) Number of Pre-modification Post-modification Residential real estate and consumer 1 $ 156 $ 156 Non-residential real estate — — — Construction and land — — — Total 1 $ 156 $ 156 During the years ended December 31, 2018 and 2017, no loans classified as troubled debt restructurings subsequently defaulted. Loans serviced by the Bank for the benefit of others totaled $237,000 and $401,000 at December 31, 2018 and 2017, respectively. Consumer mortgage loans collateralized by residential real estate property that are in the process of foreclosure totaled $0 and $0 as of December 31, 2018 and 2017.

PROPERTY AND EQUIPMENT

PROPERTY AND EQUIPMENT	12 Months Ended
	Dec. 31, 2018
Property, Plant and Equipment [Abstract]
PROPERTY AND EQUIPMENT	4. PROPERTY AND EQUIPMENT Property and equipment is summarized by major classification as follows at: (Dollars in thousands) December 31, December 31, Land $ 1,018 $ 1,018 Buildings 4,408 4,398 Furniture, fixtures and equipment 1,030 1,021 6,456 6,437 Less accumulated depreciation and amortization 2,908 2,773 Total property and equipment $ 3,548 $ 3,664 Depreciation expense for the years ended December 31, 2018 and 2017 was $137,000 and $132,000, respectively. The Bank is obligated under long-term operating leases for one of its branches. Rental expense under these agreements was approximately $93,000 and $90,000 for the years ended December 31, 2018 and 2017, respectively. At December 31, 2018, the minimum rental commitments under the non-cancelable operating leases are as follows: Year Ending December 31: 2019 84,837 2020 87,383 2021 90,004 2022 61,346 $ 323,570

OTHER REAL ESTATE OWNED

OTHER REAL ESTATE OWNED	12 Months Ended
	Dec. 31, 2018
Other Real Estate [Abstract]
OTHER REAL ESTATE OWNED	5. OTHER REAL ESTATE OWNED The balance in other real estate owned at December 31, 2018 and 2017 was $0. The activity in residential other real estate owned is as follows: (Dollars in thousands) December 31, December 31, Beginning balance $ — $ — Additions — — Transfers from Loans — — Transfers to Loans — — Sales — — Provisions — — Ending balance $ — $ —

DEPOSITS

DEPOSITS	12 Months Ended
	Dec. 31, 2018
Deposits [Abstract]
DEPOSITS	6. DEPOSITS Deposits are summarized as follows: (Dollars in thousands) December 31, December 31, Non-interest-bearing deposits $ 1,625 $ 1,542 NOW and Money market 20,833 21,481 Savings 13,265 14,718 Certificates of deposit 62,098 65,567 Total deposits $ 97,821 $ 103,308 The aggregate amount of time deposits in denominations of  $250,000 or more as of December 31, 2018 and 2017 was $2,715,000 and $3,165,000, respectively. Deposit amounts in excess of  $250,000 generally are not insured by the Federal Deposit Insurance Corporation. At December 31, 2018, the schedule maturities of certificates of deposit are as follows: (Dollars in thousands) 2019 $ 36,560 2020 11,574 2021 8,351 2022 4,009 2023 1,604 Total $ 62,098 Executive officers’ and directors’ deposits were $578,000 and $330,000 at December 31, 2018 and 2017, respectively.

INCOME TAXES

INCOME TAXES	12 Months Ended
	Dec. 31, 2018
Income Tax Disclosure [Abstract]
INCOME TAXES	7. INCOME TAXES The sources of deferred tax assets and liabilities and the tax effect of each are as follows: (Dollars in thousands) December 31, December 31, Deferred tax assets: Deferred loan fees and costs, net $ 4 $ 9 Allowance for credit losses 355 355 Deferred compensation 41 44 Severance payments 28 60 Restricted stock awards — 14 Allowance for ground rents 37 39 Allowance for delinquent mortgage interest 15 101 Contribution carryforward — 2 Net operating loss carryforward 1,274 1,354 Unrealized loss on available-for-sale securities 76 — Total deferred tax assets 1,830 1,978 Valuation allowance (362 ) (1,883 ) Deferred tax assets after valuation allowance 1,468 95 Deferred tax liabilities: Depreciation 90 95 Restricted Stock Awards 24 — Total deferred tax liabilities 114 95 Net deferred tax assets $ 1,354 $ — Management evaluates deferred tax assets annually. The provision for income taxes is comprised of the following: Year Ended December 31 (Dollars in thousands) 2018 2017 Tax expense (benefit): Current federal and state $ (1,533 ) $ — Deferred tax 255 — Total $ (1,278 ) $ — A reconciliation of the provision for income taxes at the statutory federal tax rates to the Bank’s actual provision for income taxes is as follows: 12 Months Ended 12 Months Ended Computed at federal statutory rates 21.0 % 34.0 % State income taxes, net of federal tax benefit 5.0 0.0 Bank-owned life insurance income (2.9 ) (76.0 ) Nondeductibles 0.4 13.1 Valuation allowance (149.2 ) 2.4 Other 1.5 26.5 Total (124.2 )% 0.0 % On December 22, 2017 the Tax Cuts and Jobs Act was signed into law which, among other items, reduced the corporate tax rate from a graduated set of rates with a maximum of 35% to a flat 21% beginning with taxable years starting after December 31, 2017. As required under ASC Topic 740, the Bank re-measured its deferred income tax assets and liabilities for temporary differences from the current corporate tax rate to the new corporate tax rate of 21% as of December 31, 2017. Since we had a full valuation allowance on our deferred income tax assets, as of December 31, 2017, there was no cumulative adjustment recognized in income tax expense from continuing operations as a discrete item in the period that included the enactment date, December 31, 2017. Beginning in 2018 the Company’s federal statutory tax rate was be 21%. The amount of loss carryforwards available for any one year may be limited if the Bank is subject to the alternative minimum tax. At December 31, 2018, the Bank had approximately $3.9 million in federal and $4.9 million in state net operating loss carryforwards. These net operating loss carryforwards begin to expire in 2033. Realization depends on generating sufficient taxable income before the expiration of the loss carryforward period. The amount of the loss carryforward available for any one year may be limited if the Bank is subject to the alternative minimum tax. Valuation allowance for deferred taxes for the years ended December 31, 2018 and 2017 is as follows: (Dollars in thousands) Valuation Balance of January 1, 2017 $ (2,608 ) Expiration of capital loss carryforwards — Increase in valuation allowance 725 Balance of December 31, 2017 $ (1,883 ) Expiration of capital loss carryforwards — Decrease in valuation allowance 1,521 Balance of December 31, 2018 $ (362 ) Our deferred tax assets are composed of U.S. net operating losses (“NOLs”), and other temporary book to tax differences. The Company recorded a deferred tax valuation allowance specific to capital loss carryforward in 2013 and further increased the valuation allowance to include net operating loss carryforward in 2014. During 2014, management established a valuation allowance for the net operating loss component of the Bank’s deferred tax assets as the Bank had remained in a cumulative loss position for three consecutive years and consequently management reevaluated the need for a valuation allowance of the deferred tax asset balance. During the year of 2016, the Company recorded additional deferred tax valuation allowance which reduced the Company’s deferred tax asset to zero beginning in December 2016 and continuing through the period ended September 30, 2018. Management’s evaluation included: management’s ability to fully implement our strategic plan and the ability to generate sufficient taxable income to fully realize the Bank’s net operating loss carryforwards. Management concluded that it is more likely than not the Bank will be unable to generate sufficient taxable income in the foreseeable future to fully utilize the cumulative net operating loss carryforward and, therefore, established a valuation allowance to offset the net operating loss carryforward related deferred tax asset. The Company maintained this valuation allowance against the net deferred tax assets at September 30, 2018 based on its estimate of future reversal and utilization. As a result, there was no income tax benefit recorded for the year ended December 31, 2017 or the nine month period ended September 30, 2018. When determining the amount of deferred tax assets that are more-likely-than-not to be realized, and therefore recorded as a benefit, the Company conducts a regular assessment of all available information. This information includes, but is not limited to, taxable income in prior periods, projected future income and projected future reversals of deferred tax items. As of December 31, 2018, the Company was no longer in a three year cumulative loss position and projects sufficient taxable income in the foreseeable future to fully utilize the deferred tax assets, that it was no longer necessary to maintain a full valuation allowance against the entire net deferred tax asset. The Company further examined each component of the deferred tax asset and determined it was more likely than not the Company will be able to generate sufficient taxable income in the foreseeable future to fully utilize each of the components of the deferred tax asset except for net operating loss for the State of Maryland. Currently and also for the foreseeable future, the Company has significant tax exempt income from the State of Maryland that will not allow the Company to generate sufficient State taxable income. Therefore, as of December 31, 2018, the Company will continue to keep the valuation allowance attributable to state net operating losses ($362,000). As a result, a portion of the valuation allowance on the deferred tax asset was reversed which resulted in a credit to income tax expense of  $1.3 million.

FEDERAL HOME LOAN BANK ADVANCES

FEDERAL HOME LOAN BANK ADVANCES	12 Months Ended
	Dec. 31, 2018
Federal Home Loan Banks [Abstract]
FEDERAL HOME LOAN BANK ADVANCES	8. FEDERAL HOME LOAN BANK ADVANCES Federal Home Loan Bank advances at December 31, 2018 consisted of two Convertible advances and a daily rate credit advance whereas Federal Home Loan Bank advances at December 31, 2017 consisted of a Convertible advance and fixed rate advances. At December 31, 2018, there were two $5,000,000 Convertible advances with the following criteria: 1) $5,000,000 Convertible advance at a rate of 1.84% with a maturity date of December 6, 2028. On June 6, 2019, and each three months thereafter, the Federal Home Loan Bank has the option to convert the interest rate on this advance from a fixed rate to a variable rate equal to the 3 month Libor. If the advance is converted to an adjustable rate, then the Bank can prepay the advance without penalty; 2) $5,000,000 Convertible advance at a rate of 1.67% with a maturity date of December 22, 2028. On June 22, 2019, and each three months thereafter, the Federal Home Loan Bank has the option to convert the interest rate on this advance from a fixed rate to a variable rate equal to the 3 month Libor. If the advance is converted to an adjustable rate, then the Bank can prepay the advance without penalty. In addition to the Convertible advances, there was a $9,000,000 daily rate credit advance at a rate of 2.65% as of December 31, 2018 which reprices daily. At December 31, 2017, there was a $5,000,000 Convertible advance at a rate of 1.10% with a maturity date of October 6, 2027. On October 6, 2018, and each three months thereafter, the Federal Home Loan Bank has the option to convert the interest rate on this advance from a fixed rate to a variable rate equal to the 3 month Libor. If the advance is converted to an adjustable rate, then the Bank can prepay the advance without penalty. Fixed-rate borrowings from the Federal Home Loan Bank are as follows: (Dollars in thousands) Interest Rate December 31, December 31, March 12, 2018 1.46 — 4,000 December 14, 2018 1.41 — 4,000 — $ 8,000 All advances are collateralized by a blanket-floating lien on one-to four-family residential mortgage loans. The Bank has a $2,500,000 line of credit with a correspondent bank and access to the Federal Reserve Bank Discount Window. As of December 31, 2018 and 2017, there was nothing outstanding on the credit facility.

RETIREMENT PLANS

RETIREMENT PLANS	12 Months Ended
	Dec. 31, 2018
Defined Benefit Pension Plans and Defined Benefit Postretirement Plans Disclosure [Abstract]
RETIREMENT PLANS	9. RETIREMENT PLANS In 2005, the Bank instituted a 401(k) Plan covering substantially all of its employees. The Bank recorded expense of  $24,000 and $11,000 for the years ended December 31, 2018 and December 31, 2017, respectively. The amounts contributed to the 401(k) were included in expense for the periods reported. For the year ended December 31, 2017 and 2018, the Board of Directors authorized a 3% matching contribution. The Board may also authorize a discretionary profit sharing contribution, but has not done so since 2005.

EMPLOYEE STOCK OWNERSHIP PLAN

EMPLOYEE STOCK OWNERSHIP PLAN	12 Months Ended
	Dec. 31, 2018
Employee Stock Ownership Plan [Abstract]
EMPLOYEE STOCK OWNERSHIP PLAN	10. EMPLOYEE STOCK OWNERSHIP PLAN In connection with the Bank’s mutual to stock conversion, the Bank established the Madison Bank of Maryland Employee Stock Ownership Plan (“ESOP”) effective January 1, 2014. The ESOP is a tax-qualified defined contribution plan that is designed to invest primarily in employer stock. All employees who are age 18 or older and were employed by the Bank as of December 29, 2014 (the closing date of the Company’s initial public offering) became participants in the ESOP as of the later of January 1, 2014 or their date of hire. Individuals employed by the Bank after December 29, 2014, must complete one year of service with the Bank before they can commence participation in the ESOP. The ESOP purchased 169,280 shares of Company common stock in the Company’s initial public offering at $10.00 per share with the proceeds of a fifteen (15) year loan from the Company. The outstanding loan principal balance was $1.2 million and $1.3 million at December 31, 2018 and 2017, respectively. The Bank makes annual contributions to the ESOP equal to the principal and interest due on the loan. Any dividends declared on Company common stock held by the ESOP and not allocated to the account of a participant can be used to repay the loan. As the ESOP loan is repaid, shares of Company common stock pledged as collateral for the loan are released from the loan suspense account for allocation to Plan participants on the basis of each active participant’s proportional share of compensation. Participants vest in their ESOP allocations at the rate of 20% per year over a five-year period. However, in connection with the implementation of the ESOP, participants were given credit for past service with the Bank for vesting purposes. Participants will become fully vested upon age 65, death or disability, a change in control, or termination of the ESOP. Generally, participants will receive distributions from the ESOP upon separation from service. The plan reallocates any unvested shares of common stock forfeited upon termination of employment among the remaining participants in the plan. The ESOP compensation expense for the years ended December 31, 2018 and 2017 was $187,000 and $171,000, respectively. This amount represents the average fair market value of the shares of Company common stock allocated or committed to be released as of that date. Dividends, if any, on allocated shares are recorded as a reduction of retained earnings and dividends, if any, on unallocated shares are recorded as a reduction of the debt service. The ESOP shares were as follows as of December 31, 2018 and 2017: (Dollars in thousands, except per share amount) December 31, December 31, Shares released and allocated 39,203 32,577 Unearned shares 123,200 134,485 162,403 167,062 Fair value of unearned shares $ 1,786 $ 2,381

STOCK BASED COMPENSATION

STOCK BASED COMPENSATION	12 Months Ended
	Dec. 31, 2018
Share-based Compensation [Abstract]
STOCK BASED COMPENSATION	11. STOCK BASED COMPENSATION In May 2016, the Company’s shareholders approved a new Equity Incentive Plan (the “2016 Equity Incentive Plan”). The 2016 Equity Incentive Plan allows for up to 84,640 shares to be issued to employees, executive officers or Directors in the form of restricted stock, and up to 211,600 shares to be issued to employees, executive officers or Directors in the form of stock options. At December 31, 2018, there were 74,640 restricted stock awards issued and outstanding and no stock option awards granted under the 2016 Equity Incentive Plan. Permissible Awards: Under the above plan, the following are permissible awards: • Options to purchase shares of the Company common stock, which may either be non-qualified stock options or incentive stock options under Section 422 of the U.S. Internal Revenue Code of 1986, as amended; • Restricted stock grants, which may be subject to restrictions on transferability and forfeiture; and • All awards may be granted with time-based or performance-based vesting. Restricted Stock: The specific terms of each restricted stock award are determined by the Compensation Committee at the date of the grant. Compensation expense is recognized over the vesting period of the awards based on the fair value of the stock at the grant date. A summary of changes in the Company’s nonvested shares for the years ended December 31, 2017 and December 31, 2018 are as follows: Shares Weighted- Average Grant-Date Fair Value Nonvested at January 1, 2017 2,500 $ 13.40 Granted 50,000 15.29 Vested (1,250 ) 13.40 Forfeited — — Nonvested at December 31, 2017 51,250 $ 15.24 Nonvested at January 1, 2018 51,250 $ 15.24 Granted 22,140 16.90 Vested (11,250 ) 15.08 Forfeited — — Nonvested at December 31, 2018 62,140 $ 15.86 Fair Value of shares vested $ 176,250 The following table outlines the vesting schedule of the nonvested restricted stock awards as of December 31, 2018: Year Ending December 31, Number of restricted shares 2019 14,428 2020 14,428 2021 14,428 2022 14,428 2023 4,428 62,140 The Company recorded restricted stock awards expense of  $192,484 for the year ended December 31, 2018. As of December 31, 2018, there was $910,327 of total unrecognized compensation cost related to nonvested shares granted under the 2016 stock incentive plan. The cost is expected to be recognized over a weighted-average period of 4.05 years.

RELATED PARTY TRANSACTIONS

RELATED PARTY TRANSACTIONS	12 Months Ended
	Dec. 31, 2018
Related Party Transactions [Abstract]
RELATED PARTY TRANSACTIONS	12. RELATED PARTY TRANSACTIONS Certain directors and executive officers have loan transactions with the Bank. Such loans were made in the ordinary course of business on substantially the same terms, including interest rates and collateral, as those prevailing at the time for comparable transactions with outsiders. The following schedule summarizes changes in amounts of loans outstanding, both direct and indirect, to these persons during 2018 and 2017: (Dollars in thousands) 12 Months Ended December 31, 2018 12 Months Ended December 31, 2017 Balance at beginning of period $ 913 $ 765 Additions — 181 Repayments (349 ) (33 ) Change in status (272 ) — Balance at end of period $ 292 $ 913

REGULATORY CAPITAL REQUIREMENTS

REGULATORY CAPITAL REQUIREMENTS	12 Months Ended
	Dec. 31, 2018
Regulatory Capital Requirements [Abstract]
REGULATORY CAPITAL REQUIREMENTS	13. REGULATORY CAPITAL REQUIREMENTS The Bank is subject to various regulatory capital requirements administered by the Federal banking agencies. Failure to meet minimum capital requirements can initiate certain mandatory — and possibly additional discretionary — actions by regulators that, if undertaken, could have a direct material effect on the Bank’s financial statements. Under capital adequacy guidelines and the regulatory framework for prompt corrective action, the Bank must meet specific capital guidelines that involve quantitative measures of the Bank’s assets, liabilities, and certain off-balance sheet items as calculated under regulatory accounting practices. The Bank’s capital amounts and classification are also subject to qualitative judgments by the regulators about components, risk weightings, and other factors. Quantitative measures established by regulation to ensure capital adequacy require the Bank to maintain amounts and ratios (set forth in the table below) of Total and Common Equity and Tier 1 capital (as defined in the regulations) to risk-weighted assets (as defined), and of Tier 1 capital (as defined) to average assets. Management believes as of December 31, 2018 and 2017 that the Bank met all capital adequacy requirements to which it is subject. As of December 31, 2018, the most recent notification from the OCC categorized the Bank as well capitalized under the regulatory framework for prompt corrective action. To be categorized as well capitalized the Bank must maintain minimum total risk-based, Tier 1 risk-based, and Tier 1 leverage ratios as set forth in the table. There are no conditions or events that management believes will adversely affect the Bank’s ability to remain in the well-capitalized category. The following table presents the Bank’s capital position based on the December 31, 2018 and 2017 financial statements and the current capital requirements: Actual Minimum Requirements for Capital Adequacy Purposes and to be Adequately Capitalized Capitalized Under the Prompt Corrective Action Provisions To Be Well Capitalized Under the Prompt Corrective Action Provisions (Dollars in thousands) Amount Ratio Amount Ratio Amount Ratio As of December 31, 2018: Total risk-based capital (to risk-weighted assets) $ 26,947 32.83 % $ 8,105 9.875 % $ 8,208 10.00 % Tier I capital (to risk-weighted assets) 25,918 31.57 6,465 7.875 6,568 8.00 Tier I capital (to adjusted total assets) 25,918 17.70 5,857 4.00 7,321 5.00 Common equity tier 1 capital (to risk weighted assets) 25,918 31.57 5,234 6.375 5,336 6.50 As of December 31, 2017: Total risk-based capital (to risk-weighted A assets) $ 24,934 32.58 % $ 7,078 9.25 % $ 7,653 10.00 % Tier I capital (to risk-weighted assets) 23,974 31.33 5,548 7.25 6,122 8.00 Tier I capital (to adjusted total assets) 23,974 16.55 5,795 44.00 7,243 5.00 Common equity tier 1 capital (to risk weighted assets) 23,974 31.33 4,400 5.75 4,974 6.50 The following table presents a reconciliation of the Bank’s GAAP capital to each major category of regulatory capital for the dates indicated. (Dollars in thousands) December 31, 2018 December 31, 2017 Total Company equity capital $ 32,964 $ 30,360 LESS: Parent Only Equity 6,515 6,615 LESS: Deferred tax assets from net operating loss 817 — LESS: Net unrealized (losses) gains on available-for-sale securities (286 ) (229 ) Tier 1 Capital $ 25,918 $ 23,974 Tier 1 Capital $ 25,918 $ 23,974 Allowance for loan and lease losses includible in Tier 2 capital 1,029 960 Total risk-based capital $ 26,947 $ 24,934

OTHER COMPREHENSIVE LOSS

OTHER COMPREHENSIVE LOSS	12 Months Ended
	Dec. 31, 2018
Comprehensive Income (Loss), Net of Tax, Attributable to Parent [Abstract]
OTHER COMPREHENSIVE LOSS	14. OTHER COMPREHENSIVE LOSS The following table presents the components of other comprehensive gains and losses for the years ended December 31, 2018 and 2017. (Dollars in thousands) Before Tax Tax Effect Net of Tax Year Ended December 31, 2018 Net unrealized loss on securities available-for-sale $ (133 ) $ 76 $ (57 ) Other Comprehensive Loss $ (133 ) $ 76 $ (57 ) Year Ended December 31, 2017 Net unrealized loss on securities available-for-sale $ (90 ) $ — $ (90 ) Other Comprehensive Loss $ (90 ) $ — $ (90 ) The following table presents the changes in each components of accumulated other comprehensive loss, net of tax, for the years ended December 31, 2018 and 2017. Securities Accumulated Other Year Ended December 31, 2018 Balance at Beginning of Year $ (229 ) $ (229 ) Other comprehensive loss (133 ) (57 ) Balance at End of Period $ (362 ) $ (286 ) Securities Accumulated Other Year Ended December 31, 2017 Balance at Beginning of Year $ (139 ) $ (139 ) Other comprehensive loss (90 ) (90 ) Balance at End of Period $ (229 ) $ (229 ) The following table presents the amount reclassified out of accumulated other comprehensive income: Details about Accumulated Other Amount Reclassified Affected Line Item in the Statement (Dollars in thousands) December 31, December 31, Redemption of Investment Securities Available-for-sale $ — $ 57 Realized gain on redemption of — — Provision for Income Tax $ — $ 57 Net of Tax Total Reclassifications for the Period. $ — $ 57 Net of Tax

EARNINGS PER SHARE

EARNINGS PER SHARE	12 Months Ended
	Dec. 31, 2018
Earnings Per Share [Abstract]
EARNINGS PER SHARE	15. EARNINGS PER SHARE Basic per share amounts are based on the weighted average shares of common stock outstanding. Unearned ESOP shares are not included in outstanding shares. Diluted earnings per share assume the conversion, exercise or issuance of all potential common stock instruments such as options, warrants and convertible securities, unless the effect is to reduce a loss or increase earnings per share. The basic and diluted weighted average shares outstanding for the twelve months ended December 31, 2018 and 2017 are as follows: December 31, 2018 (Dollars in thousands, except per share amount) Income (Loss) Shares Per Share Basic EPS Net income available to shareholders $ 2,307 1,818,530 $ 1.27 Diluted EPS Effect of dilutive shares — — — Net income available to shareholders $ 2,307 1,818,530 $ 1.27 December 31, 2017 (Dollars in thousands, except per share amount) Income (Loss) Shares Per Share Basic EPS Net income available to shareholders $ 73 1,767,742 $ 0.04 Diluted EPS Effect of dilutive shares — — — Net income available to shareholders $ 73 1,767,742 $ 0.04 There were no common stock equivalents excluded from the December 31, 2018 and 2017 diluted earnings per share calculation.

SIGNIFICANT ESTIMATES AND CONCE

SIGNIFICANT ESTIMATES AND CONCENTRATIONS	12 Months Ended
	Dec. 31, 2018
Risks and Uncertainties [Abstract]
SIGNIFICANT ESTIMATES AND CONCENTRATIONS	16. SIGNIFICANT ESTIMATES AND CONCENTRATIONS Generally accepted accounting principles require disclosure of information about certain significant estimates and current vulnerabilities due to certain concentrations. These matters include the following: Interest Rate Risk The profitability of the Bank is subject to interest rate risk. This risk is based on the gap between interest earned on loans and the rate of interest paid on deposits and Federal Home Loan Bank advances. A significant decrease in this gap could result in a decline in earnings to the Bank. Geographic Location of Customers The Bank’s principal business activity of providing mortgage loans is with customers located within its lending territory which is comprised mainly of Baltimore and Harford counties, Maryland. Substantially all of the Bank’s loan receivable and related incomes are collateralized by property located in this area. The Bank’s policy for owner-occupied residential collateral is to require that the loan amount not exceed 80% of the appraised value of the property at origination for conventional uninsured mortgages and 95% for insured loans. A significant decline in property values in this area could result in the Bank’s loans being under collateralized.

COMMITMENTS

COMMITMENTS	12 Months Ended
	Dec. 31, 2018
Commitments and Contingencies Disclosure [Abstract]
COMMITMENTS	17. COMMITMENTS At December 31, 2018 and 2017, the Bank had outstanding commitments of  $200,000 and $680,000 to originate mortgage loans and $110,000 and $0 to originate home equity lines of credit loans, respectively. The rate on the home equity line of credit was 5.50% at December 31, 2018.

FAIR VALUE MEASUREMENTS

FAIR VALUE MEASUREMENTS	12 Months Ended
	Dec. 31, 2018
Fair Value Disclosures [Abstract]
FAIR VALUE MEASUREMENTS	18. FAIR VALUE MEASUREMENTS ASC Topic 820 which provides a framework for measuring and disclosing fair value under GAAP. ASC Topic 820 requires disclosures about the fair value of assets and liabilities recognized in the balance sheet in periods subsequent to initial recognition, whether the measurements are made on a recurring basis (for example, available-for-sale investment securities) or a nonrecurring basis (for example, impaired loans). ASC Topic 820 defines fair value as the exchange price that would be received for an asset or paid to transfer a liability (an 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. ASC Topic 820 also establishes a fair value hierarchy, which requires an entity to maximize the use of observable inputs and minimize the use of unobservable inputs when measuring fair value. The Bank utilizes fair value measurements to record fair value adjustments to certain assets and to determine fair value disclosures. Securities available-for-sale is recorded at fair value on a recurring basis. Additionally, from time to time, the Bank may be required to record at fair value all other assets on a nonrecurring basis, such as loans held for sale, loans held for investment and certain other assets. These nonrecurring fair value adjustments typically involve application of lower of cost or market accounting or write-downs of individual assets. ASC Topic 820 establishes a fair value hierarchy that prioritizes the information used to develop those assumptions. The fair value hierarchy is as follows: Level 1 Inputs —  Unadjusted quoted prices in active markets for identical assets or liabilities that the entity has the ability to access at the measurement date. Level 2 Inputs —  Level 3 Inputs —  The following is a description of valuation methodologies used for financial assets and financial liabilities recorded at fair value on a recurring basis: Investment Securities Available-for-Sale. Assets measured at fair value on a recurring basis are included in the table below: Fair Value Measurements at December 31, 2018 Using: Description Fair Value Quoted Prices Other Significant Trading Total Changes Investments (available-for-sale): Obligations of U.S. Government agencies $ 906 $ — $ 906 $ — $ — $ — Municipal securities 477 — 477 — — — Mortgage-backed securities: 12,170 — 12,170 — — — Total assets measured at fair value on $ 14,093 $ — $ 14,093 $ — $ — $ — Fair Value Measurements at December 31, 2017 Using: Description Fair Value Quoted Prices Other Significant Trading Total Changes Investments (available-for-sale): Obligations of U.S. Government agencies $ 945 $ — $ 945 $ — $ — $ — Municipal securities 497 497 Mortgage-backed securities 15,163 — 15,163 — — — Total assets measured at fair value on $ 16,605 $ — $ 16,605 $ — $ — $ — Loans. Contingencies The Bank may be required from time to time, to measure certain assets at fair value on a non-recurring basis in accordance with GAAP. These include assets that are measured at the lower of cost or market that were recognized at fair value below cost at the end of the period. Assets measured at fair value on a nonrecurring basis are included in the table below: Fair Value Measurements at December 31, 2018 Using: Description Fair Value Quoted Prices Other Significant Trading Total Changes Impaired loans: Residential $ 1,898 $ — $ 1,898 $ — $ — $ — Commercial 1,236 — 1,236 — — — Land 287 — 287 — — — Construction — — — — — — Other real estate owned — — — — — — Total assets measured at fair value on $ 3,421 $ — $ 3,421 $ — $ — $ — Fair Value Measurements at December 31, 2017 Using: Description Fair Value Quoted Prices Other Significant Trading Total Changes Impaired loans: Residential $ 2,149 $ — $ 1,822 $ 327 $ — $ — Commercial 1,154 — 1,154 — — — Land 1,094 — 1,094 — — — Construction — — — — — — Other real estate owned — — — — — — Total assets measured at fair value on $ 4,397 $ — $ 4,070 $ 327 $ — $ — The significant unobservable inputs (Level 3) are determined by using the net present value of the expected discounted future cash flows methodology. Loans were modified based on the expected cash flows with modified terms and rate of 3.875 discounted at contractual rates ranging from 5.25% to 6.00%. In accordance with the disclosure requirements of ASC Topic 825, the estimated fair values of financial instruments that are reported at amortized cost on the balance sheet at December 31, 2018 and 2017 are as follows: (Dollars in thousands) Carrying Value Fair Value Quoted Prices Other Significant ASSETS Cash, interest bearing deposits and federal funds sold $ 5,877 $ 5,877 $ — $ 5,877 $ — Other interest bearing deposits in other banks 2,032 2,032 — 2,032 — Investment securities held at maturity 16,802 16,091 — 16,091 — Federal Home Loan Bank stock 940 940 — 940 — Loans, net 99,760 98,149 — 3,421 94,728 Bank owned life insurance 4,692 4,692 — 4,692 — Accrued interest receivable 385 385 — 385 — LIABILITIES Deposits $ 97,821 $ 97,072 $ — $ 97,072 — FHLB advances 19,000 19,052 — 19,052 — . (Dollars in thousands) Carrying Value Fair Value Quoted Prices Other Significant ASSETS Cash, interest bearing deposits and federal funds sold $ 6,603 $ 6,603 $ — $ 6,603 $ — Other interest bearing deposits in other banks. 2,607 2,607 — 2,607 — Investment securities held to maturity 17,416 17,008 — 17,008 — Federal Home Loan Bank stock 754 754 — 754 — Loans, net 93,765 94,009 — 4,070 89,939 Bank owned life insurance 4,574 4,574 — 4,574 — Accrued interest receivable 394 394 — 394 — LIABILITIES Deposits $ 103,308 $ 99,719 $ — $ — $ 99,719 FHLB advances. 13,000 12,978 — — 12,978 The following methods and assumptions were used to estimate the fair value disclosures for financial instruments as of December 31, 2018 and 2017: Cash, Interest-Bearing Deposits and Federal Funds Sold and Other Interest-Bearing Deposits in Other Banks The amounts reported in the balance sheet approximate the fair value of these assets. Investment Securities The fair values are based on the quoted market prices, if available. If quoted prices are not available, fair value is measured using independent pricing models or other model-based valuation techniques such as the present value of future cash flows, adjusted for the security’s credit rating, prepayment assumptions and other factors such as credit loss assumptions. Federal Home Loan Bank Stock The par value of Federal Home Loan Bank stock report on the balance sheet is a reasonable estimate of fair value. Accrued Interest Receivable The amounts reported in the balance sheet approximate the fair value of these assets. Loans, Deposits and Federal Home Loan Bank Advances Loans receivable were discounted using a single discount rate, comparing the current rates at which similar loans would be made to borrowers with similar credit ratings and for the same remaining maturities. The fair value of demand deposits, savings accounts and money market deposits is the amount payable on demand at the reporting date. The fair value of fixed-maturity certificates of deposit is estimated using the rates currently offered on deposits of similar remaining maturities. The fair value of Federal Home Loan Bank advances is estimated using rates currently offered on advances of similar remaining maturities. Bank-Owned Life Insurance The amounts reported in the balance sheet approximate the fair value of these assets. Impact of Recent Accounting Pronouncements In January 2016, the FASB issued, ASU 2016-1, “No. 2016-01, Financial Instruments — Overall (Subtopic 825-10): Recognition and Measurement of Financial Assets and Financial Liabilities. In February 2016, the FASB issued ASU 2016-02, “Leases (Topic 842).” “Revenue from Contracts with Customers.” In June 2016, the FASB issued ASU No. 2016-13, “Financial Instruments — Credit Losses (Topic 326) Measurement of Credit Losses on Financial Instruments” In March 2017, the FASB issued ASU 2017-08, “Receivables — Nonrefundable Fees and Other Costs (Subtopic 310-20) — Premium Amortization on Purchased Callable Debt Securities.” In May 2017, ASU 2017-09 , “Compensation — Stock Compensation (Topic 718) — Scope of Modification Accounting.”

PARENT COMPANY ONLY FINANCIAL S

PARENT COMPANY ONLY FINANCIAL STATEMENTS	12 Months Ended
	Dec. 31, 2018
Condensed Financial Information Disclosure [Abstract]
PARENT COMPANY ONLY FINANCIAL STATEMENTS	19. PARENT COMPANY ONLY FINANCIAL STATEMENTS Presented below are the condensed balance sheets, statements of operations and statements of cash flows for MB Bancorp, Inc. for the years ended December 31, 2018 and 2017. CONDENSED BALANCE SHEET ASSETS ASSETS (Dollars in thousands) As of As of ASSETS: Cash and due from banks $ 4,908 $ 4,804 Other interest-bearing deposits in other banks 249 498 Loans receivable – ESOP 1,232 1,345 Investment in bank subsidiary 26,449 23,713 Other assets 135 — TOTAL ASSETS $ 32,973 $ 30,360 LIABILITIES AND STOCKHOLDERS’ EQUITY LIABILITIES: Other liabilities. $ 9 $ — Total liabilities 9 — STOCKHOLDERS’ EQUITY: Common stock .01 par value; authorized 19,000,000 shares; issued 1,960,620 and 1,940,200 shares at December 31, 2018 and 2017, respectively. 19 19 Additional paid-in capital 18,385 18,135 Retained earnings – substantially restricted 16,078 13,780 Accumulated other comprehensive (loss) income (286 ) (229 ) Employee stock ownership plan (1,232 ) (1,345 ) Total stockholders’ equity 32,964 30,360 TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY $ 32,973 $ 30,360 CONDENSED STATEMENT OF INCOME For the Years (Dollars in thousands) 2018 2017 INCOME: Interest on ESOP loan $ 44 $ 47 Interest and dividends on investment securities 6 14 Total income. 50 61 EXPENSE: Interest on stock purchase refund — — Salaries and employee benefits 8 9 Legal and professional expenses 139 60 Advertising and marketing related expenses 1 Other expenses 118 114 Income tax expense/(benefit) (140 ) — Total expenses. 125 184 LOSS BEFORE EQUITY IN INCOME OF BANK SUBSIDIARY (75 ) (123 ) Equity in net income of bank subsidiary 2,382 196 NET INCOME $ 2,307 $ 73 CONDENSED STATEMENT OF CASH FLOWS For the Years Ended (Dollars in thousands) December 31, December 31, CASH FLOWS FROM OPERATING ACTIVITIES: Net income $ 2,307 $ 73 Adjustment to reconcile net income to net cash used in operating activities: Equity in undistributed net income (2,684 ) (196 ) Increase (Decrease) in accrued interest and other assets 135 (94 ) Increase (Decrease) in accounts payable and other liabilities 9 (11 ) Net cash used in operating activities. (233 ) (228 ) CASH FLOWS FROM INVESTING ACTIVITIES: Net decrease in other interest bearing deposits in other banks. 249 1,743 Net decrease in loan-ESOP 113 113 Investment in bank subsidiary — — Net cash provided by investing activities 362 1,856 CASH FLOWS FROM FINANCING ACTIVITIES: Repurchase of common stock. (25 ) (184 ) Purchase of Employee Stock Ownership Plan — — Net cash used in financing activities (25 ) (184 ) INCREASE IN CASH AND CASH EQUIVALENTS 104 1,444 CASH AND CASH EQUIVALENTS AT BEGINNING OF YEAR 4,804 3,360 CASH AND CASH EQUIVALENTS AT END OF YEAR $ 4,908 $ 4,804 Supplemental cash flow information: Interest paid $ — $ — Income taxes paid. $ — $ —

SUMMARY OF SIGNIFICANT ACCOUN_2

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	12 Months Ended
	Dec. 31, 2018
Accounting Policies [Abstract]
Principles of Consolidation	Principles of Consolidation The consolidated financial statements include the accounts of MB Bancorp, Inc. (“The Company”) and its wholly owned subsidiaries, Madison Bank of Maryland (“The Bank”), 1920 Rock Spring Road, LLC formed in 1998 to own and hold real estate and Mutual, LLC formed in 2011 to hold other real estate owned. All significant intercompany accounts and transactions have been eliminated. The accounting and reporting policies of the Company conform to U.S. generally accepted accounting principles and to general practices in the banking industry.
Use of Estimates	Use of Estimates The preparation of financial statements in conformity with U.S. generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates.
Cash and Cash Equivalents	Cash and Cash Equivalents The Company has included cash and due from banks, interest-bearing deposits in other banks with original maturities of 90 days or less, and federal funds sold and other overnight investments as cash and cash equivalents for the purpose of reporting cash flows.
Credit Risk	Credit Risk The Company has unsecured deposits with several other financial institutions in excess of amounts insured by the Federal Deposit Insurance Corporation (“FDIC”).
Investments Securities	Investments Securities As securities are purchased, management determines if the securities should be classified as held to maturity or available for sale. Securities which management has the intent and ability to hold to maturity are recorded at amortized cost. Securities which may be sold before maturity are classified as available for sale and carried at fair value with unrealized gains and losses included in accumulated other comprehensive income, a separate component of equity, on an after-tax basis. Realized gains and losses, using the specific identification method, are included as a separate component of noninterest income. Premiums and discounts on investment securities are amortized/accreted to the earlier of call or maturity. Investments in Federal Home Bank stock are excluded from securities classified as available for sale and are carried at cost. Declines in the fair value of individual available for sale or held to maturity securities below their cost that are other than temporary, result in write-downs of the individual securities to their fair value. Factors affecting the determination of whether another-than-temporary impairment has occurred include, among others, a downgrading of the security by the rating agency or a significant deterioration in the financial condition of the issuer. Management systematically evaluates investment securities for other-than-temporary declines in fair value on a quarterly basis. This analysis requires management to consider various factors, which include (1) duration and magnitude of the decline in value, (2) the financial condition of the issuer or issuers and (3) the structure of the security. An impairment loss is recognized in earnings only when (1) the Bank intends to sell the debt security; (2) it is more likely than not that the Bank will be required to sell the security before recovery of its amortized cost basis; or (3) the Company does not expect to recover the entire amortized cost basis of the security. In situations where the Bank intends to sell or when it is more likely than not that the Company will be required to sell the security, the entire impairment loss must be recognized in earnings. In all other situations, only the portion of the impairment loss representing the credit loss must be recognized in earnings, with the remaining portion being recognized in stockholders’ equity as a component of other comprehensive income, net of deferred taxes.
Loans	Loans Loans are stated at the principal amount outstanding net of any deferred fees and costs. Interest income on loans is accrued at the contractual rate on the principal amount outstanding. It is the Company’s policy to discontinue the accrual of interest when circumstances indicate that collection is doubtful. Direct loan origination fees, net of direct loan origination costs, are amortized or accreted over the contractual life of the loan using the interest method. Loans are considered impaired when, based on current information; it is probable that the Company will not collect all principal and interest payments according to contractual terms. Generally, loans are considered impaired once principal and interest payments are past due and they are placed on non-accrual. Management also considers the financial condition of the borrower, cash flows of the loan and the value of the related collateral. Impaired loans do not include large groups of smaller balance homogeneous credits such as residential real estate and consumer installment loans, which are evaluated collectively for impairment. Loans specifically reviewed for impairment are not considered impaired during periods of “minimal delay” in payment (usually ninety days or less) provided eventual collection of all amounts due is expected. Impaired loans are measured based on the present value of expected future cash flows discounted at the loan’s effective interest rate, except that as a practical expedient, the Company may measure impairment based on a loan’s observable market price or the fair value of the collateral, if the loan is collateral dependent. The Company recognizes interest income on impaired loans on a cash basis if the borrower demonstrates the ability to meet the contractual obligation and collateral is sufficient. If there is doubt regarding the borrower’s ability to make payments or the collateral is not sufficient, payments received are accounted for as a reduction in principal. A loan is considered to be a troubled debt restructured loan (“TDR”) when the Company grants a concession to the borrower that the Company would not otherwise consider to a borrower of comparable risk and placed on non-accrual status. Such concessions include the reduction of interest rates, forgiveness of all or a portion of principal or interest, extension of loan term or other modifications at interest rates
Allowance for Loan Losses	Allowance for Loan Losses The allowance for loan losses is established through a provision for loan losses charged to expense or reversal for loan losses which is credited to expense. Loans are charged against the allowance for loan losses when management believes that the collectability of the principal is unlikely. The Company maintains an allowance for loan losses at an amount estimated to equal all loan losses incurred in our loan portfolio that are both probable and reasonable to estimate at a balance sheet date. The evaluations take into consideration such factors as changes in the nature and volume of the loan portfolio, overall portfolio quality, review of specific problem loans, and current economic conditions and trends that may affect the borrowers’ ability to pay. The allowance for loan losses represents an estimation done pursuant to either Accounting Standards Codification (“ASC”) Topic 450 “ Contingencies Receivables While management believes it has established the allowance for loan losses in accordance with generally accepted accounting principles and has taken into account the views of its regulators and the current economic environment, there can be no assurance that in the future the Bank’s regulators or the economic environment will not require further increases in the allowance.
Real Estate Ground Rents	Real Estate Ground Rents Ground rents are a form of real estate ownership where the land is owned by one entity, but the improved property located on the land is owned by the homeowner. The Company’s ground rents are supported by deeds that have been registered with Maryland State Department of Assessments and Taxation. Under Maryland law, homeowners are required to pay the ground rent owner an annual fee that is stated in the original ground rent deed. The fee is typically 6% of the original value of the land as stipulated in the deed and is paid biannually. In addition, Maryland law stipulates that ground rent owners are required to sell or redeem the ground rent to the homeowner when requested. The redemption price on the ground rent is the lesser of the annual ground rent fee divided by a statutory redemption rate, which ranges from 6% to 12%, or the contractual sales price. Maryland also limits the collection of ground rent fees to amounts due for three years or less. Ground rents are recorded at the lower of cost or fair value. Fair value is estimated based on the contractual value of the unconsummated redemption or sales agreements. Ground rent fees are recognized upon receipt and included in non-interest income. At December 31, 2018 and 2017, the Company’s investment includes individual ground rents ranging from $600 to $3,000, totaling $811,000 and $822,000 respectively. An allowance for losses is established when the collectability of ground rent payments becomes uncertain, typically when the ground rent payment becomes three years delinquent. At December 31, 2018 and 2017, the Company had $136,000 and $141,000 respectively, of ground rents that were three years or more delinquent and were reserved at 100%.
Premises and Equipment	Premises and Equipment Premises and equipment are stated at cost less accumulated depreciation and amortization computed using the straight-line method. Premises and equipment are depreciated over the useful lives of the assets. Useful lives range from five to ten years for furniture, fixtures, and equipment; three to five years for software, hardware, and data handling equipment. Maintenance and repairs are charged to expense as incurred, while improvements, which extend the useful life, are capitalized and depreciated over the estimated remaining life of the asset. Long-lived depreciable assets are evaluated periodically for impairment when events or changes in circumstances indicate the carrying amount may not be recoverable. Impairment exists when the expected undiscounted future cash flows of a long-lived asset are less than its carrying value. In that event, the Company recognizes a loss for the difference between the carrying amount and the estimated fair value of the asset based on a quoted market price, if applicable, or a discounted cash flow analysis.
Bank-Owned Life Insurance	Bank-Owned Life Insurance The Bank purchased single-premium life insurance policies on certain former officers and directors of the Bank. The net cash surrender value of those policies is classified in other assets. Appreciation in the value of the insurance policies is classified in non-interest income.
Other Real Estate Owned	Other Real Estate Owned Real estate acquired in satisfaction of a debt is carried at fair value net of estimated selling costs. Costs incurred in maintaining foreclosed real estate and write-downs to reflect declines in the fair value of the properties after acquisition are included in noninterest expenses.
Transfers of Financial Assets	Transfers of Financial Assets Transfers of financial assets are accounted for as sales, when control over the assets has been surrendered. Control over transferred assets is deemed to be surrendered when: (1) the assets have been isolated from the Bank, (2) the transferee obtains the right (free of conditions that constrain it from taking advantage of that right) to pledge or exchange the transferred assets, and (3) the Bank does not maintain effective control over the transferred assets through an agreement to repurchase them before their maturity.
Earnings Per Share	Earnings Per Share Basic per share amounts are based on the weighted average shares of common stock outstanding. Unearned ESOP shares are not included in outstanding shares. Diluted earnings per share assume the conversion, exercise or issuance of all potential common stock instruments such as options, warrants and convertible securities, unless the effect is to reduce a loss or increase earnings per share.
Advertising Costs	Advertising Costs Advertising costs are generally expensed as incurred.
Income Taxes	Income Taxes The Bank uses the liability method of accounting for income taxes. Under the liability method, deferred-tax assets and liabilities are determined based on differences between the financial statement carrying amounts and the tax bases of existing assets and liabilities ( i.e., ASC Topic 740, “ Income Taxes,
Recognition of Deferred Tax Valuation Allowance	Recognition of Deferred Tax Valuation Allowance Our deferred tax assets are composed of U.S. net operating losses (“NOLs”), and other temporary book to tax differences. The Company recorded a deferred tax valuation allowance specific to capital loss carryforward in 2013 and further increased the valuation allowance to include net operating loss carryforward in 2014. During 2014, management established a valuation allowance for the net operating loss component of the Bank’s deferred tax assets as the Bank had remained in a cumulative loss position for three consecutive years and consequently management reevaluated the need for a valuation allowance of the deferred tax asset balance. During the year of 2016, the Company recorded additional deferred tax valuation allowance which reduced the Company’s deferred tax asset to zero beginning in December 2016 and continuing through the period ended September 30, 2018. Management’s evaluation included: management’s ability to fully implement our strategic plan and the ability to generate sufficient taxable income to fully realize the Bank’s net operating loss carryforwards. Management concluded that it is more likely than not the Bank will be unable to generate sufficient taxable income in the foreseeable future to fully utilize the cumulative net operating loss carryforward and, therefore, established a valuation allowance to offset the net operating loss carryforward related deferred tax asset. The Company maintained this valuation allowance against the net deferred tax assets at September 30, 2018 based on its estimate of future reversal and utilization. As a result, there was no income tax benefit recorded for the year ended December 31, 2017 or the nine month period ended September 30, 2018. When determining the amount of deferred tax assets that are more-likely-than-not to be realized, and therefore recorded as a benefit, the Company conducts a regular assessment of all available information. This information includes, but is not limited to, taxable income in prior periods, projected future income and projected future reversals of deferred tax items. As of December 31, 2018, the Company was no longer in a three year cumulative loss position and projects sufficient taxable income in the foreseeable future to fully utilize the deferred tax assets, that it was no longer necessary to maintain a full valuation allowance against the entire net deferred tax asset. The Company further examined each component of the deferred tax asset and determined it was more likely than not the Company will be able to generate sufficient taxable income in the foreseeable future to fully utilize each of the components of the deferred tax asset except for net operating loss for the State of Maryland. Currently and also for the foreseeable future, the Company has significant tax exempt income from the State of Maryland that will not allow the Company to generate sufficient State taxable income. Therefore, as of December 31, 2018, the Company will continue to keep the valuation allowance attributable to state net operating losses ($362,000). As a result, a portion of the valuation allowance on the deferred tax asset was reversed which resulted in a credit to income tax expense of  $1.3 million.
Stock-Based Compensation	Stock-Based Compensation The Company has stock-based incentive arrangements to attract and retain key personnel in order to promote the success of the business. In May 2016, the 2016 Equity Incentive Plan (the “2016 plan”) was approved by shareholders, which authorizes the issuance of restricted stock and stock options to the Board of Directors and key employees. Compensation cost for all stock-based awards is measured at fair value on date of grant and recognized over the vesting period on a straight-line basis. Such value is recognized as expense over the service period, net of estimated forfeitures. The estimation of stock awards that ultimately vest requires judgment, and to the extent actual results or updated estimates differ from our current estimates, such amounts will be recorded as a cumulative adjustment in the period estimates are revised. The Company considers many factors when estimating expected forfeitures, including types of awards, employee class and historical experience.
Supplemental Executive Retirement Plans ("SERP")	Supplemental Executive Retirement Plans (“SERP”) The Bank has SERP’s with various former officers and directors of the Bank. The liabilities under the majority of the agreements are capped at the cash values of insurance policies that have been purchased to fund the policies. The liability for a director who has already attained retirement age has been calculated on the present value of payments under the plan. There is also life insurance to protect the Bank under this director’s plan.
Financial Statement Presentation	Financial Statement Presentation Certain amounts in the prior years’ financial statements have been reclassified to conform to the correct year’s presentation.

INVESTMENT SECURITIES (Tables)

INVESTMENT SECURITIES (Tables)	12 Months Ended
	Dec. 31, 2018
Investments, Debt and Equity Securities [Abstract]
Schedule of carrying amount and estimated fair market value of investment securities classified as available-for-sale	December 31, 2018 (Dollars in thousands) Amortized Gross Gross Estimated Investments available-for-sale: U.S. Government securities $ 1,000 $ — $ (94 ) $ 906 Municipal Securities 481 — (4 ) 477 Mortgage-backed securities 12,974 2 (266 ) 12,710 Total investments available-for-sale $ 14,455 $ 2 $ (364 ) $ 14,093 December 31, 2017 (Dollars in thousands) Amortized Gross Gross Estimated Investments available-for-sale: U.S. Government securities $ 1,000 $ — $ (55 ) $ 945 Municipal Securities 499 — (2 ) 497 Mortgage-backed securities 15,334 — (171 ) 15,163 Total investments available-for-sale $ 16,833 $ — $ (228 ) $ 16,605
Schedule of carrying amount and estimated fair market value of investment securities classified as held-to-maturity	December 31, 2018 (Dollars in thousands) Amortized Gross Gross Estimated Investments held-to-maturity: U.S. Government securities $ 12,500 $ — $ (640 ) $ 11,860 Mortgage backed securities 4,302 53 (124 ) 4,231 Total investments held-to-maturity $ 16,802 $ 53 $ (764 ) $ 16,091 December 31, 2017 (Dollars in thousands) Amortized Gross Gross Estimated Investments held-to-maturity: U.S. Government securities $ 12,500 $ — $ (424 ) $ 12,076 Mortgage backed securities 4,910 106 (84 ) 4,932 Total investments held-to-maturity $ 17,410 $ 106 $ (508 ) $ 17,008
Schedule of unrealized losses are considered temporary	December 31, 2018 Less than 12 Months 12 Months or More Total (Dollars in thousands) Fair Value Unrealized Fair Value Unrealized Fair Value Unrealized Mortgage-backed securities $ — $ — $ 14,316 $ (390 ) $ 14,316 $ (390 ) Municipal Securities — — 477 (4 ) 477 (4 ) U.S. Government securities — — 12,766 (734 ) 12,766 (734 ) Total temporarily impaired securities $ $ $ 27,559 $ (1,128 ) $ 27,559 $ (1,128 ) December 31, 2017 Less than 12 Months 12 Months or More Total (Dollars in thousands) Fair Value Unrealized Fair Value Unrealized Fair Value Unrealized Mortgage-backed securities $ 13,443 $ (117 ) $ 4,499 $ (138 ) $ 17,942 $ (255 ) Municipal Securities 497 (2 ) 497 (2 ) U.S. Government securities 987 (13 ) 12,034 (466 ) 13,021 (479 ) Total temporarily impaired securities $ 14,927 $ (132 ) $ 16,533 $ (604 ) $ 31,460 $ (736 )
Schedule of maturities of debt securities	Amortized Fair (in thousands) (in thousands) Due over one year through five years $ 1,000 $ 979 Due over five years through ten years 11,500 10,881 Due after ten years . 1,481 1,383 Mortgage-backed securities 17,276 16,941 Total $ 31,257 $ 30,184

LOANS RECEIVABLE (Tables)

LOANS RECEIVABLE (Tables)	12 Months Ended
	Dec. 31, 2018
Receivables [Abstract]
Schedule of loans receivable	(Dollars in thousands) December 31, December 31, Secured by real estate: Residential: One-to four-family $ 77,209 $ 74,266 Multi-family 1,189 1,243 Total 78,398 75,509 Non-residential 15,709 13,183 Construction and land loans 3,003 3,240 Home equity line of credit (“HELOC”) 2,660 3,471 Consumer and other loans: Loans to depositors, secured by savings, & C&I 2,346 424 102,116 95,827 Add: Net discount on purchased loans (4 ) 1 Unamortized net deferred costs 50 41 Less: Undisbursed portion of construction loans (1,046 ) (741 ) Unearned net loan origination fees (64 ) (75 ) Less allowance for loan losses (1,292 ) (1,288 ) Loans receivable, net $ 99,760 $ 93,765
Schedule of allowance for loan losses and recorded investment in loans	Allowance for loan losses and recorded investment in loans for the year ended December 31, 2018 is as follows: (Dollars in thousands) Residential Non-residential Construction Total Allowance for loan losses: Beginning balance $ 1,043 $ 158 $ 87 $ 1,288 Charge-offs (43 ) — — (43 ) Recoveries 38 2 697 737 Provisions (Reversal) (72 ) 110 (728 ) (690 ) Ending balance $ 1,002 $ 270 $ 20 $ 1,292 Allowance for loan losses: Ending balance: individually evaluated for impairment $ — $ — $ — $ — Ending balance: collectively evaluated for impairment $ 1,002 $ 270 $ 20 $ 1,292 Loans: Ending balance: individually evaluated for impairment $ 1,898 $ 1,236 $ 287 $ 3,421 Ending balance: collectively evaluated for impairment $ 81,506 $ 14,473 $ 2,716 $ 98,695 Allowance for loan losses and recorded investment in loans for the year ended December 31, 2017 is as follows: (Dollars in thousands) Residential Non-residential Construction Total Allowance for loan losses: Beginning balance $ 973 $ 158 $ 87 $ 1,218 Charge-offs (83 ) (81 ) — (166 ) Recoveries 105 — 131 236 Provisions (Reversal) 50 81 (131 ) — Ending balance $ 1,043 $ 158 $ 87 $ 1,288 Allowance for loan losses: Ending balance: individually evaluated for impairment $ 30 $ — $ — $ 30 Ending balance: collectively evaluated for impairment $ 1,013 $ 158 $ 87 $ 1,258 Loans: Ending balance: individually evaluated for impairment $ 2,179 $ 1,154 $ 1,094 $ 4,427 Ending balance: collectively evaluated for impairment $ 77,225 $ 12,029 $ 2,146 $ 91,400
Schedule of credit risk profile by internally assigned classification	Credit risk profile by internally assigned classification as of December 31, 2018 is as follows: (Dollars in thousands) Residential Non-residential Construction Total Non-classified $ 79,882 $ 14,582 $ 2,491 $ 96,955 Special mention 2,976 159 512 3,647 Substandard 546 968 — 1,514 Doubtful — — — — Loss — — — — Total $ 83,404 $ 15,709 $ 3,003 $ 102,116 Credit risk profile by internally assigned classification as of December 31, 2017 is as follows: (Dollars in thousands) Residential Non-residential Construction Total Non-classified $ 74.808 $ 11,181 $ 1,910 $ 87,899 Special mention 2,060 — 236 2,296 Substandard 2,536 2,002 1,094 5,632 Doubtful — — — — Loss — — — — Total $ 79,404 $ 13,183 $ 3,240 $ 95,827
Schedule of impaired loans	Impaired loans as of and for the year ended December 31, 2018 is as follows: (Dollars in thousands) Residential Non-residential Construction Total With no related allowance recorded: Recorded investment $ 1,898 $ 1,236 $ 287 $ 3,421 Unpaid principal balance 2,116 1,365 435 3,916 Average recorded investment, for the twelve months ended December 31, 2018 2,230 1,201 619 4,050 Interest income recognized. 133 44 35 212 Interest income foregone 33 — — 33 With an allowance recorded: Recorded investment — — — — Unpaid principal balance — — — — Related allowance — — — — Average recorded investment, for the twelve months ended December 31, 2018. — — — — Interest income recognized. — — — — Interest income foregone — — — — Total Recorded investment 1,898 1,236 287 3,421 Unpaid principal balance 2,116 1,365 435 3,916 Related allowance — — — — Average recorded investment, for the twelve months ended December 31, 2018 2,230 1,201 619 4,050 Interest income recognized. 133 44 35 212 Interest income foregone 33 — — 33 Impaired loans as of and for the year ended December 31, 2017 is as follows: (Dollars in thousands) Residential Non-residential Construction Total With no related allowance recorded: Recorded investment $ 1,823 $ 1,154 $ 1,094 $ 4,071 Unpaid principal balance 2,421 2,026 2,137 6,584 Average recorded investment, for the twelve months ended December 31, 2017 2,511 1,468 1,310 5,289 Interest income recognized 179 92 41 312 Interest income foregone 8 4 53 65 With an allowance recorded: Recorded investment 356 — — 356 Unpaid principal balance 357 — — 357 Related allowance 30 — — 30 Average recorded investment, for the twelve months ended December 31, 2017 354 — — 354 Interest income recognized 57 — — 57 Interest income foregone — — — — Total Recorded investment 2,179 1,154 1,094 4,427 Unpaid principal balance 2,778 2,026 2,137 6,941 Related allowance 30 — — 30 Average recorded investment, for the twelve months ended December 31, 2017 2,865 1,468 1,310 5,643 Interest income recognized 236 92 41 369 Interest income foregone 8 4 53 65
Schedule of aged analysis of past due loans	An aged analysis of past due loans as of December 31, 2018 are as follows: (Dollars in thousands) Residential Non-residential Construction Total Current $ 83,147 $ 15,709 $ 3,003 $ 101,859 30 – 59 days past due 14 — — 14 60 – 89 days past due — — — — Greater than 90 day past due and still accruing — — — — Greater than 90 days past due 243 — — 243 Total past due 257 — — 257 Total $ 83,404 $ 15,709 $ 3,003 $ 102,116 An aged analysis of past due loans as of December 31, 2017 are as follows: (Dollars in thousands) Residential Non-residential Construction Total Current $ 78,710 $ 13,183 $ 2,609 $ 94,502 30 – 59 days past due 115 — — 115 60 – 89 days past due — — — — Greater than 90 day past due and still accruing 341 — — 341 Greater than 90 days past due 238 — 631 869 Total past due 694 — 631 1,325 Total $ 79,404 $ 13,183 $ 3,240 $ 95,827
Schedule of non-performing loans	Non-performing loans as of December 31, 2018 are as follows: (Dollars in thousands) Residential Non-residential Construction Total Non-accruing troubled debt restructured loans $ 258 $ — $ 6 $ 264 Other non-accrual loans 254 — — 254 Total non-accrual loans 512 — 6 518 Accruing troubled debt restructured loans. 1,166 1,236 — 2,402 Total $ 1,678 $ 1,236 $ 6 $ 2,920 Non-performing loans as of December 31, 2017 are as follows: (Dollars in thousands) Residential Non-residential Construction Total Non-accruing troubled debt restructured loans $ 427 $ — $ 649 $ 1,076 Other non-accrual loans 430 74 — 504 Total non-accrual loans 857 74 649 1,580 Accruing troubled debt restructured loans 1,059 1,153 — 2,212 Total $ 1,916 $ 1,227 $ 649 $ 3,792
Schedule of loans classified as troubled debt restructurings	The following includes loans modified as troubled debt restructurings during the year ended December 31, 2018. (Dollars in thousands) Number of Pre-modification Post-modification Residential real estate and consumer 1 $ 153 $ 153 Non-residential real estate — — — Construction and land — — — Total 1 $ 153 $ 153 The following includes loans modified as troubled debt restructurings during the year ended December 31, 2017. (Dollars in thousands) Number of Pre-modification Post-modification Residential real estate and consumer 1 $ 156 $ 156 Non-residential real estate — — — Construction and land — — — Total 1 $ 156 $ 156

PROPERTY AND EQUIPMENT (Tables)

PROPERTY AND EQUIPMENT (Tables)	12 Months Ended
	Dec. 31, 2018
Property, Plant and Equipment [Abstract]
Schedule of property and equipment	(Dollars in thousands) December 31, December 31, Land $ 1,018 $ 1,018 Buildings 4,408 4,398 Furniture, fixtures and equipment 1,030 1,021 6,456 6,437 Less accumulated depreciation and amortization 2,908 2,773 Total property and equipment $ 3,548 $ 3,664
Schedule minimum rental commitments under the non-cancelable operating leases	Year Ending December 31: 2019 84,837 2020 87,383 2021 90,004 2022 61,346 $ 323,570

OTHER REAL ESTATE OWNED (Tables

OTHER REAL ESTATE OWNED (Tables)	12 Months Ended
	Dec. 31, 2018
Other Real Estate [Abstract]
Schedule of activity in residential other real estate owned	(Dollars in thousands) December 31, December 31, Beginning balance $ — $ — Additions — — Transfers from Loans — — Transfers to Loans — — Sales — — Provisions — — Ending balance $ — $ —

DEPOSITS (Tables)

DEPOSITS (Tables)	12 Months Ended
	Dec. 31, 2018
Deposits [Abstract]
Schedule of deposits	(Dollars in thousands) December 31, December 31, Non-interest-bearing deposits $ 1,625 $ 1,542 NOW and Money market 20,833 21,481 Savings 13,265 14,718 Certificates of deposit 62,098 65,567 Total deposits $ 97,821 $ 103,308
Schedule maturities of certificates of deposit	(Dollars in thousands) 2019 $ 36,560 2020 11,574 2021 8,351 2022 4,009 2023 1,604 Total $ 62,098

INCOME TAXES (Tables)

INCOME TAXES (Tables)	12 Months Ended
	Dec. 31, 2018
Income Tax Disclosure [Abstract]
Schedule of sources of deferred tax assets and liabilities and the tax effect of each	(Dollars in thousands) December 31, December 31, Deferred tax assets: Deferred loan fees and costs, net $ 4 $ 9 Allowance for credit losses 355 355 Deferred compensation 41 44 Severance payments 28 60 Restricted stock awards — 14 Allowance for ground rents 37 39 Allowance for delinquent mortgage interest 15 101 Contribution carryforward — 2 Net operating loss carryforward 1,274 1,354 Unrealized loss on available-for-sale securities 76 — Total deferred tax assets 1,830 1,978 Valuation allowance (362 ) (1,883 ) Deferred tax assets after valuation allowance 1,468 95 Deferred tax liabilities: Depreciation 90 95 Restricted Stock Awards 24 — Total deferred tax liabilities 114 95 Net deferred tax assets $ 1,354 $ —
Schedule of provision for income taxes	Year Ended December 31 (Dollars in thousands) 2018 2017 Tax expense (benefit): Current federal and state $ (1,533 ) $ — Deferred tax 255 — Total $ (1,278 ) $ —
Schedule of reconciliation of the provision for income taxes at the statutory federal tax rates	12 Months Ended 12 Months Ended Computed at federal statutory rates 21.0 % 34.0 % State income taxes, net of federal tax benefit 5.0 0.0 Bank-owned life insurance income (2.9 ) (76.0 ) Nondeductibles 0.4 13.1 Valuation allowance (149.2 ) 2.4 Other 1.5 26.5 Total (124.2 )% 0.0 %
Schedule of valuation allowance for deferred taxes	(Dollars in thousands) Valuation Balance of January 1, 2017 $ (2,608 ) Expiration of capital loss carryforwards — Increase in valuation allowance 725 Balance of December 31, 2017 $ (1,883 ) Expiration of capital loss carryforwards — Decrease in valuation allowance 1,521 Balance of December 31, 2018 $ (362 )

FEDERAL HOME LOAN BANK ADVANC_2

FEDERAL HOME LOAN BANK ADVANCES (Tables)	12 Months Ended
	Dec. 31, 2018
Federal Home Loan Banks [Abstract]
Schedule of fixed-rate borrowings from the federal home loan bank	(Dollars in thousands) Interest Rate December 31, December 31, March 12, 2018 1.46 — 4,000 December 14, 2018 1.41 — 4,000 — $ 8,000

EMPLOYEE STOCK OWNERSHIP PLAN (

EMPLOYEE STOCK OWNERSHIP PLAN (Tables)	12 Months Ended
	Dec. 31, 2018
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Schedule of ESOP shares	(Dollars in thousands, except per share amount) December 31, December 31, Shares released and allocated 39,203 32,577 Unearned shares 123,200 134,485 162,403 167,062 Fair value of unearned shares $ 1,786 $ 2,381

STOCK BASED COMPENSATION (Table

STOCK BASED COMPENSATION (Tables)	12 Months Ended
	Dec. 31, 2018
Share-based Compensation [Abstract]
Schedule of changes in the nonvested shares	Shares Weighted- Nonvested at January 1, 2017 2,500 $ 13.40 Granted 50,000 15.29 Vested (1,250 ) 13.40 Forfeited — — Nonvested at December 31, 2017 51,250 $ 15.24 Nonvested at January 1, 2018 51,250 $ 15.24 Granted 22,140 16.90 Vested (11,250 ) 15.08 Forfeited — — Nonvested at December 31, 2018 62,140 $ 15.86 Fair Value of shares vested $ 176,250
Schedule of nonvested restricted stock awards	Year Ending December 31, Number of 2019 14,428 2020 14,428 2021 14,428 2022 14,428 2023 4,428 62,140

RELATED PARTY TRANSACTIONS (Tab

RELATED PARTY TRANSACTIONS (Tables)	12 Months Ended
	Dec. 31, 2018
Related Party Transactions [Abstract]
Schedule of changes in amounts of loans outstanding, both direct and indirect	(Dollars in thousands) 12 Months Ended 12 Months Ended Balance at beginning of period $ 913 $ 765 Additions — 181 Repayments (349 ) (33 ) Change in status (272 ) — Balance at end of period $ 292 $ 913

REGULATORY CAPITAL REQUIREMEN_2

REGULATORY CAPITAL REQUIREMENTS (Tables)	12 Months Ended
	Dec. 31, 2018
Regulatory Capital Requirements [Abstract]
Schedule of Bank's capital position based	Actual Minimum Requirements To Be Well Capitalized (Dollars in thousands) Amount Ratio Amount Ratio Amount Ratio As of December 31, 2018: Total risk-based capital (to risk-weighted assets) $ 26,947 32.83 % $ 8,105 9.875 % $ 8,208 10.00 % Tier I capital (to risk-weighted 25,918 31.57 6,465 7.875 6,568 8.00 Tier I capital (to adjusted total 25,918 17.70 5,857 4.00 7,321 5.00 Common equity tier 1 capital (to risk weighted assets) 25,918 31.57 5,234 6.375 5,336 6.50 As of December 31, 2017: Total risk-based capital (to risk-weighted A assets) $ 24,934 32.58 % $ 7,078 9.25 % $ 7,653 10.00 % Tier I capital (to risk-weighted assets) 23,974 31.33 5,548 7.25 6,122 8.00 Tier I capital (to adjusted total assets) 23,974 16.55 5,795 44.00 7,243 5.00 Common equity tier 1 capital (to risk weighted assets) 23,974 31.33 4,400 5.75 4,974 6.50
Schedule of reconciliation of Bank's GAAP capital	(Dollars in thousands) December 31, December 31, Total Company equity capital $ 32,964 $ 30,360 LESS: Parent Only Equity 6,515 6,615 LESS: Deferred tax assets from net operating loss 817 — LESS: Net unrealized (losses) gains on available-for-sale securities (286 ) (229 ) Tier 1 Capital $ 25,918 $ 23,974 Tier 1 Capital $ 25,918 $ 23,974 Allowance for loan and lease losses includible in Tier 2 capital 1,029 960 Total risk-based capital $ 26,947 $ 24,934

OTHER COMPREHENSIVE LOSS (Table

OTHER COMPREHENSIVE LOSS (Tables)	12 Months Ended
	Dec. 31, 2018
Comprehensive Income (Loss), Net of Tax, Attributable to Parent [Abstract]
Schedule of components of other comprehensive gains and losses	(Dollars in thousands) Before Tax Tax Effect Net of Tax Year Ended December 31, 2018 Net unrealized loss on securities available-for-sale $ (133 ) $ 76 $ (57 ) Other Comprehensive Loss $ (133 ) $ 76 $ (57 ) Year Ended December 31, 2017 Net unrealized loss on securities available-for-sale $ (90 ) $ — $ (90 ) Other Comprehensive Loss $ (90 ) $ — $ (90 )
Schedule of components of accumulated other comprehensive income, net of tax	Securities Accumulated Other Year Ended December 31, 2018 Balance at Beginning of Year $ (229 ) $ (229 ) Other comprehensive loss (133 ) (57 ) Balance at End of Period $ (362 ) $ (286 ) Securities Accumulated Other Year Ended December 31, 2017 Balance at Beginning of Year $ (139 ) $ (139 ) Other comprehensive loss (90 ) (90 ) Balance at End of Period $ (229 ) $ (229 )
Schedule of reclassified out of accumulated other comprehensive income	Details about Accumulated Other Amount Reclassified Affected Line Item in the Statement (Dollars in thousands) December 31, December 31, Redemption of Investment Securities Available-for-sale $ — $ 57 Realized gain on redemption of — — Provision for Income Tax $ — $ 57 Net of Tax Total Reclassifications for the Period. $ — $ 57 Net of Tax

EARNINGS PER SHARE (Tables)

EARNINGS PER SHARE (Tables)	12 Months Ended
	Dec. 31, 2018
Earnings Per Share [Abstract]
Schedule of basic and diluted weighted average shares outstanding	December 31, 2018 (Dollars in thousands, except per share amount) Income (Loss) Shares Per Share Basic EPS Net income available to shareholders $ 2,307 1,818,530 $ 1.27 Diluted EPS Effect of dilutive shares — — — Net income available to shareholders $ 2,307 1,818,530 $ 1.27 December 31, 2017 (Dollars in thousands, except per share amount) Income (Loss) Shares Per Share Basic EPS Net income available to shareholders $ 73 1,767,742 $ 0.04 Diluted EPS Effect of dilutive shares — — — Net income available to shareholders $ 73 1,767,742 $ 0.04

FAIR VALUE MEASUREMENTS (Tables

FAIR VALUE MEASUREMENTS (Tables)	12 Months Ended
	Dec. 31, 2018
Fair Value Disclosures [Abstract]
Schedule of assets measured at fair value on a recurring basis	Fair Value Measurements at December 31, 2018 Using: Description Fair Value Quoted Prices Other Significant Trading Total Changes Investments (available-for-sale): Obligations of U.S. Government agencies $ 906 $ — $ 906 $ — $ — $ — Municipal securities 477 — 477 — — — Mortgage-backed securities: 12,170 — 12,170 — — — Total assets measured at fair value on $ 14,093 $ — $ 14,093 $ — $ — $ — Fair Value Measurements at December 31, 2017 Using: Description Fair Value Quoted Prices Other Significant Trading Total Changes Investments (available-for-sale): Obligations of U.S. Government agencies $ 945 $ — $ 945 $ — $ — $ — Municipal securities 497 497 Mortgage-backed securities 15,163 — 15,163 — — — Total assets measured at fair value on $ 16,605 $ — $ 16,605 $ — $ — $ —
Schedule of assets measured at fair value on a nonrecurring basis	Fair Value Measurements at December 31, 2018 Using: Description Fair Value Quoted Prices Other Significant Trading Total Changes Impaired loans: Residential $ 1,898 $ — $ 1,898 $ — $ — $ — Commercial 1,236 — 1,236 — — — Land 287 — 287 — — — Construction — — — — — — Other real estate owned — — — — — — Total assets measured at fair value on $ 3,421 $ — $ 3,421 $ — $ — $ — Fair Value Measurements at December 31, 2017 Using: Description Fair Value Quoted Prices Other Significant Trading Total Changes Impaired loans: Residential $ 2,149 $ — $ 1,822 $ 327 $ — $ — Commercial 1,154 — 1,154 — — — Land 1,094 — 1,094 — — — Construction — — — — — — Other real estate owned — — — — — — Total assets measured at fair value on $ 4,397 $ — $ 4,070 $ 327 $ — $ —
Schedule of estimated fair values of financial instruments	(Dollars in thousands) Carrying Value Fair Value Quoted Prices Other Significant ASSETS Cash, interest bearing deposits and federal funds sold $ 5,877 $ 5,877 $ — $ 5,877 $ — Other interest bearing deposits in other banks 2,032 2,032 — 2,032 — Investment securities held at maturity 16,802 16,091 — 16,091 — Federal Home Loan Bank stock 940 940 — 940 — Loans, net 99,760 98,149 — 3,421 94,728 Bank owned life insurance 4,692 4,692 — 4,692 — Accrued interest receivable 385 385 — 385 — LIABILITIES Deposits $ 97,821 $ 97,072 $ — $ 97,072 — FHLB advances 19,000 19,052 — 19,052 — (Dollars in thousands) Carrying Value Fair Value Quoted Prices Other Significant ASSETS Cash, interest bearing deposits and federal funds sold $ 6,603 $ 6,603 $ — $ 6,603 $ — Other interest bearing deposits in other banks. 2,607 2,607 — 2,607 — Investment securities held to maturity 17,416 17,008 — 17,008 — Federal Home Loan Bank stock 754 754 — 754 — Loans, net 93,765 94,009 — 4,070 89,939 Bank owned life insurance 4,574 4,574 — 4,574 — Accrued interest receivable 394 394 — 394 — LIABILITIES Deposits $ 103,308 $ 99,719 $ — $ — $ 99,719 FHLB advances. 13,000 12,978 — — 12,978

PARENT COMPANY ONLY FINANCIAL_2

PARENT COMPANY ONLY FINANCIAL STATEMENTS (Tables)	12 Months Ended
	Dec. 31, 2018
Condensed Financial Information Disclosure [Abstract]
Schedule of Condensed Balance Sheet	CONDENSED BALANCE SHEET ASSETS   ASSETS (Dollars in thousands) As of December 31, 2018 As of December 31, 2017 ASSETS: Cash and due from banks $ 4,908 $ 4,804 Other interest-bearing deposits in other banks 249 498 Loans receivable – ESOP 1,232 1,345 Investment in bank subsidiary 26,449 23,713 Other assets 135 — TOTAL ASSETS $ 32,973 $ 30,360 LIABILITIES AND STOCKHOLDERS’ EQUITY LIABILITIES: Other liabilities. $ 9 $ — Total liabilities 9 — STOCKHOLDERS’ EQUITY: Common stock .01 par value; authorized 19,000,000 shares; issued 1,960,620 and 1,940,200 shares at December 31, 2018 and 2017, respectively. 19 19 Additional paid-in capital 18,385 18,135 Retained earnings – substantially restricted 16,078 13,780 Accumulated other comprehensive (loss) income (286 ) (229 ) Employee stock ownership plan (1,232 ) (1,345 ) Total stockholders’ equity 32,964 30,360 TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY $ 32,973 $ 30,360
Schedule of Condensed Statement of Income	CONDENSED STATEMENT OF INCOME For the Years (Dollars in thousands) 2018 2017 INCOME: Interest on ESOP loan $ 44 $ 47 Interest and dividends on investment securities 6 14 Total income. 50 61 EXPENSE: Interest on stock purchase refund — — Salaries and employee benefits 8 9 Legal and professional expenses 139 60 Advertising and marketing related expenses 1 Other expenses 118 114 Income tax expense/(benefit) (140 ) — Total expenses. 125 184 LOSS BEFORE EQUITY IN INCOME OF BANK SUBSIDIARY (75 ) (123 ) Equity in net income of bank subsidiary 2,382 196 NET INCOME $ 2,307 $ 73
Schedule of Condensed Statement of Cash Flows	CONDENSED STATEMENT OF CASH FLOWS For the Years Ended (Dollars in thousands) December 31, 2018 December 31, 2017 CASH FLOWS FROM OPERATING ACTIVITIES: Net income $ 2,307 $ 73 Adjustment to reconcile net income to net cash used in operating activities: Equity in undistributed net income (2,684 ) (196 ) Increase (Decrease) in accrued interest and other assets 135 (94 ) Increase (Decrease) in accounts payable and other liabilities 9 (11 ) Net cash used in operating activities. (233 ) (228 ) CASH FLOWS FROM INVESTING ACTIVITIES: Net decrease in other interest bearing deposits in other banks. 249 1,743 Net decrease in loan-ESOP 113 113 Investment in bank subsidiary — — Net cash provided by investing activities 362 1,856 CASH FLOWS FROM FINANCING ACTIVITIES: Repurchase of common stock. (25 ) (184 ) Purchase of Employee Stock Ownership Plan — — Net cash used in financing activities (25 ) (184 ) INCREASE IN CASH AND CASH EQUIVALENTS 104 1,444 CASH AND CASH EQUIVALENTS AT BEGINNING OF YEAR 4,804 3,360 CASH AND CASH EQUIVALENTS AT END OF YEAR $ 4,908 $ 4,804 Supplemental cash flow information: Interest paid $ — $ — Income taxes paid. $ — $ —

SUMMARY OF SIGNIFICANT ACCOUN_3

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Detail Textuals) - USD ($)	1 Months Ended	12 Months Ended
	Dec. 29, 2014	Dec. 31, 2018	Dec. 31, 2017
Summary Of Significant Accounting Policies [Line Items]
Number of shares sold	2,116,000
Gross offering proceeds	$ 21,160,000
Percentage of land fee		6.00%
Limit of ground rent fees collection maximum year		3 years
Ground rents		$ 811,000	$ 822,000
Allowance for credit losses of ground rent payments		$ 136,000	141,000
Ground rent delinquent year		3 years
Percentage of reserve created against delinquent ground lease		100.00%
Minimum
Summary Of Significant Accounting Policies [Line Items]
Percentage of statutory redemption rate		6.00%
Ground rents		$ 600	600
Maximum
Summary Of Significant Accounting Policies [Line Items]
Percentage of statutory redemption rate		12.00%
Ground rents		$ 3,000	$ 3,000

SUMMARY OF SIGNIFICANT ACCOUN_4

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Detail Textuals 1) - USD ($)	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017
Property, Plant and Equipment [Line Items]
Property plant and equipment, depreciation method	Straight-line method
Valuation allowance attributable to state net operating losses	$ (362,000)
Income tax expense	$ (1,278,000)	$ 0
Furniture, fixtures, and equipment
Property, Plant and Equipment [Line Items]
Useful lives	Five to ten years
Software, hardware, and data handling equipment
Property, Plant and Equipment [Line Items]
Useful lives	Three to five years

INVESTMENT SECURITIES (Details)

INVESTMENT SECURITIES (Details) - USD ($) $ in Thousands	Dec. 31, 2018	Dec. 31, 2017
Debt Securities, Available-for-sale [Line Items]
Amortized Cost	$ 14,455	$ 16,833
Gross Unrealized Gains	2	0
Gross Unrealized Losses	(364)	(228)
Estimated Fair Value	14,093	16,605
U.S. Government securities
Debt Securities, Available-for-sale [Line Items]
Amortized Cost	1,000	1,000
Gross Unrealized Gains	0	0
Gross Unrealized Losses	(94)	(55)
Estimated Fair Value	906	945
Municipal Securities
Debt Securities, Available-for-sale [Line Items]
Amortized Cost	481	499
Gross Unrealized Gains	0	0
Gross Unrealized Losses	(4)	(2)
Estimated Fair Value	477	497
Mortgage-backed securities
Debt Securities, Available-for-sale [Line Items]
Amortized Cost	12,974	15,334
Gross Unrealized Gains	2	0
Gross Unrealized Losses	(266)	(171)
Estimated Fair Value	$ 12,710	$ 15,163

INVESTMENT SECURITIES (Details

INVESTMENT SECURITIES (Details 1) - USD ($) $ in Thousands	Dec. 31, 2018	Dec. 31, 2017
Schedule of Held-to-maturity Securities [Line Items]
Amortized Cost	$ 16,802	$ 17,410
Gross Unrealized Gains	53	106
Gross Unrealized Losses	(764)	(508)
Estimated Fair Value	16,091	17,008
U.S. Government securities
Schedule of Held-to-maturity Securities [Line Items]
Amortized Cost	12,500	12,500
Gross Unrealized Gains	0	0
Gross Unrealized Losses	(640)	(424)
Estimated Fair Value	11,860	12,076
Mortgage-backed securities
Schedule of Held-to-maturity Securities [Line Items]
Amortized Cost	4,302	4,910
Gross Unrealized Gains	53	106
Gross Unrealized Losses	(124)	(84)
Estimated Fair Value	$ 4,231	$ 4,932

INVESTMENT SECURITIES (Detail_2

INVESTMENT SECURITIES (Details 2) - USD ($) $ in Thousands	Dec. 31, 2018	Dec. 31, 2017
Debt and Equity Securities, FV-NI [Line Items]
Less than 12 Months : Fair Value	$ 0	$ 14,927
Less than 12 Months : Unrealized Losses	0	(132)
12 Months or More : Fair Value	27,559	16,533
12 Months or More : Unrealized Losses	(1,128)	(604)
Total : Fair Value	27,559	31,460
Total : Unrealized Losses	(1,128)	(736)
Mortgage-backed securities
Debt and Equity Securities, FV-NI [Line Items]
Less than 12 Months : Fair Value	0	13,443
Less than 12 Months : Unrealized Losses	0	(117)
12 Months or More : Fair Value	14,316	4,499
12 Months or More : Unrealized Losses	(390)	(138)
Total : Fair Value	14,316	17,942
Total : Unrealized Losses	(390)	(255)
Municipal Securities
Debt and Equity Securities, FV-NI [Line Items]
Less than 12 Months : Fair Value	0	497
Less than 12 Months : Unrealized Losses	0	(2)
12 Months or More : Fair Value	477
12 Months or More : Unrealized Losses	(4)
Total : Fair Value	477	497
Total : Unrealized Losses	(4)	(2)
U.S. Government securities
Debt and Equity Securities, FV-NI [Line Items]
Less than 12 Months : Fair Value	0	987
Less than 12 Months : Unrealized Losses	0	(13)
12 Months or More : Fair Value	12,766	12,034
12 Months or More : Unrealized Losses	(734)	(466)
Total : Fair Value	12,766	13,021
Total : Unrealized Losses	$ (734)	$ (479)

INVESTMENT SECURITIES (Detail_3

INVESTMENT SECURITIES (Details 3) $ in Thousands	Dec. 31, 2018USD ($)
Amortized Cost
Due over one year through five years	$ 1,000
Due over five years through ten years	11,500
Due after ten years	1,481
Mortgage-backed securities	17,276
Total - Amortized Cost	31,257
Fair Value
Due over one year through five years	979
Due over five years through ten years	10,881
Due after ten years	1,383
Mortgage-backed securities	16,941
Total - Fair Value	$ 30,184

INVESTMENT SECURITIES (Detail T

INVESTMENT SECURITIES (Detail Textuals)	12 Months Ended
	Dec. 31, 2017USD ($)
Investments, Debt and Equity Securities [Abstract]
Gain on sale of investment securities	$ 57,000
Proceeds from sales of available for sale securities	1,359,000
Realized gains of available for sale securities	23,000
Proceeds from sales of held to maturity securities	701,000
Realized gains held to maturity securities	$ 34,000

LOANS RECEIVABLE (Details)

LOANS RECEIVABLE (Details) - USD ($) $ in Thousands	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
Loans and Leases Receivable Disclosure [Line Items]
Total	$ 102,116	$ 95,827
Net discount on purchased loans	(4)	1
Unamortized net deferred costs	50	41
Undisbursed portion of construction loans	(1,046)	(741)
Unearned net loan origination fees	(64)	(75)
Less allowance for loan losses	(1,292)	(1,288)	$ (1,218)
Loans receivable, net	99,760	93,765
Real estate | Residential
Loans and Leases Receivable Disclosure [Line Items]
Total	78,398	75,509
Real estate | One-to four-family
Loans and Leases Receivable Disclosure [Line Items]
Total	77,209	74,266
Real estate | Multi-family
Loans and Leases Receivable Disclosure [Line Items]
Total	1,189	1,243
Real estate | Non-residential
Loans and Leases Receivable Disclosure [Line Items]
Total	15,709	13,183
Less allowance for loan losses	(270)	(158)	(158)
Real estate | Construction and land loans
Loans and Leases Receivable Disclosure [Line Items]
Total	3,003	3,240
Less allowance for loan losses	(20)	(87)	$ (87)
Real estate | Home equity line of credit ("HELOC")
Loans and Leases Receivable Disclosure [Line Items]
Total	2,660	3,471
Loans to depositors, secured by savings, & C&I
Loans and Leases Receivable Disclosure [Line Items]
Total	$ 2,346	$ 424

LOANS RECEIVABLE (Details 1)

LOANS RECEIVABLE (Details 1) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017
Allowance for loan losses:
Beginning balance	$ 1,288	$ 1,218
Charge-offs	(43)	(166)
Recoveries	737	236
Provisions (Reversal)	(690)	0
Ending balance	1,292	1,288
Allowance for Loan Losses
Ending balance: individually evaluated for impairment	0	30
Ending balance: collectively evaluated for impairment	1,292	1,258
Loans:
Ending balance: individually evaluated for impairment	3,421	4,427
Ending balance: collectively evaluated for impairment	98,695	91,400
Residential Real Estate, HELOC, and Consumer
Allowance for loan losses:
Beginning balance	1,043	973
Charge-offs	(43)	(83)
Recoveries	38	105
Provisions (Reversal)	(72)	50
Ending balance	1,002	1,043
Allowance for Loan Losses
Ending balance: individually evaluated for impairment	0	30
Ending balance: collectively evaluated for impairment	1,002	1,013
Loans:
Ending balance: individually evaluated for impairment	1,898	2,179
Ending balance: collectively evaluated for impairment	81,506	77,225
Real estate | Non-residential
Allowance for loan losses:
Beginning balance	158	158
Charge-offs	0	(81)
Recoveries	2	0
Provisions (Reversal)	110	81
Ending balance	270	158
Allowance for Loan Losses
Ending balance: individually evaluated for impairment	0	0
Ending balance: collectively evaluated for impairment	270	158
Loans:
Ending balance: individually evaluated for impairment	1,236	1,154
Ending balance: collectively evaluated for impairment	14,473	12,029
Real estate | Construction and Land
Allowance for loan losses:
Beginning balance	87	87
Charge-offs	0	0
Recoveries	697	131
Provisions (Reversal)	(728)	(131)
Ending balance	20	87
Allowance for Loan Losses
Ending balance: individually evaluated for impairment	0	0
Ending balance: collectively evaluated for impairment	20	87
Loans:
Ending balance: individually evaluated for impairment	287	1,094
Ending balance: collectively evaluated for impairment	$ 2,716	$ 2,146

LOANS RECEIVABLE (Details 2)

LOANS RECEIVABLE (Details 2) - USD ($) $ in Thousands	Dec. 31, 2018	Dec. 31, 2017
Loans and Leases Receivable Disclosure [Line Items]
Total	$ 102,116	$ 95,827
Non-classified
Loans and Leases Receivable Disclosure [Line Items]
Total	96,955	87,899
Special mention
Loans and Leases Receivable Disclosure [Line Items]
Total	3,647	2,296
Substandard
Loans and Leases Receivable Disclosure [Line Items]
Total	1,514	5,632
Doubtful
Loans and Leases Receivable Disclosure [Line Items]
Total	0	0
Loss
Loans and Leases Receivable Disclosure [Line Items]
Total	0	0
Residential Real Estate, HELOC, and Consumer
Loans and Leases Receivable Disclosure [Line Items]
Total	83,404	79,404
Residential Real Estate, HELOC, and Consumer | Non-classified
Loans and Leases Receivable Disclosure [Line Items]
Total	79,882	74,808
Residential Real Estate, HELOC, and Consumer | Special mention
Loans and Leases Receivable Disclosure [Line Items]
Total	2,976	2,060
Residential Real Estate, HELOC, and Consumer | Substandard
Loans and Leases Receivable Disclosure [Line Items]
Total	546	2,536
Residential Real Estate, HELOC, and Consumer | Doubtful
Loans and Leases Receivable Disclosure [Line Items]
Total	0	0
Residential Real Estate, HELOC, and Consumer | Loss
Loans and Leases Receivable Disclosure [Line Items]
Total	0	0
Real estate | Non-residential Real Estate
Loans and Leases Receivable Disclosure [Line Items]
Total	15,709	13,183
Real estate | Non-residential Real Estate | Non-classified
Loans and Leases Receivable Disclosure [Line Items]
Total	14,582	11,181
Real estate | Non-residential Real Estate | Special mention
Loans and Leases Receivable Disclosure [Line Items]
Total	159	0
Real estate | Non-residential Real Estate | Substandard
Loans and Leases Receivable Disclosure [Line Items]
Total	968	2,002
Real estate | Non-residential Real Estate | Doubtful
Loans and Leases Receivable Disclosure [Line Items]
Total	0	0
Real estate | Non-residential Real Estate | Loss
Loans and Leases Receivable Disclosure [Line Items]
Total	0	0
Real estate | Construction and Land
Loans and Leases Receivable Disclosure [Line Items]
Total	3,003	3,240
Real estate | Construction and Land | Non-classified
Loans and Leases Receivable Disclosure [Line Items]
Total	2,491	1,910
Real estate | Construction and Land | Special mention
Loans and Leases Receivable Disclosure [Line Items]
Total	512	236
Real estate | Construction and Land | Substandard
Loans and Leases Receivable Disclosure [Line Items]
Total	0	1,094
Real estate | Construction and Land | Doubtful
Loans and Leases Receivable Disclosure [Line Items]
Total	0	0
Real estate | Construction and Land | Loss
Loans and Leases Receivable Disclosure [Line Items]
Total	$ 0	$ 0

LOANS RECEIVABLE (Details 3)

LOANS RECEIVABLE (Details 3) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017
With no related allowance recorded:
Recorded investment	$ 3,421	$ 4,071
Unpaid principal balance	3,916	6,584
Average recorded investment	4,050	5,289
Interest income recognized	212	312
Interest income foregone	33	65
With an allowance recorded:
Recorded investment	0	356
Unpaid principal balance	0	357
Related allowance	0	30
Average recorded investment	0	354
Interest income recognized	0	57
Interest income foregone	0	0
Total
Recorded investment	3,421	4,427
Unpaid principal balance	3,916	6,941
Related allowance	0	30
Average recorded investment	4,050	5,643
Interest income recognized	212	369
Interest income foregone	33	65
Residential Real Estate, HELOC, and Consumer
With no related allowance recorded:
Recorded investment	1,898	1,823
Unpaid principal balance	2,116	2,421
Average recorded investment	2,230	2,511
Interest income recognized	133	179
Interest income foregone	33	8
With an allowance recorded:
Recorded investment	0	356
Unpaid principal balance	0	357
Related allowance	0	30
Average recorded investment	0	354
Interest income recognized	0	57
Interest income foregone	0	0
Total
Recorded investment	1,898	2,179
Unpaid principal balance	2,116	2,778
Related allowance	0	30
Average recorded investment	2,230	2,865
Interest income recognized	133	236
Interest income foregone	33	8
Real estate | Non-residential Real Estate
With no related allowance recorded:
Recorded investment	1,236	1,154
Unpaid principal balance	1,365	2,026
Average recorded investment	1,201	1,468
Interest income recognized	44	92
Interest income foregone	0	4
With an allowance recorded:
Recorded investment	0	0
Unpaid principal balance	0	0
Related allowance	0	0
Average recorded investment	0	0
Interest income recognized	0	0
Interest income foregone	0	0
Total
Recorded investment	1,236	1,154
Unpaid principal balance	1,365	2,026
Related allowance	0	0
Average recorded investment	1,201	1,468
Interest income recognized	44	92
Interest income foregone	0	4
Real estate | Construction and Land
With no related allowance recorded:
Recorded investment	287	1,094
Unpaid principal balance	435	2,137
Average recorded investment	619	1,310
Interest income recognized	35	41
Interest income foregone	0	53
With an allowance recorded:
Recorded investment	0	0
Unpaid principal balance	0	0
Related allowance	0	0
Average recorded investment	0	0
Interest income recognized	0	0
Interest income foregone	0	0
Total
Recorded investment	287	1,094
Unpaid principal balance	435	2,137
Related allowance	0	0
Average recorded investment	619	1,310
Interest income recognized	35	41
Interest income foregone	$ 0	$ 53

LOANS RECEIVABLE (Details 4)

LOANS RECEIVABLE (Details 4) - USD ($) $ in Thousands	Dec. 31, 2018	Dec. 31, 2017
Financing Receivable, Recorded Investment, Past Due [Line Items]
Current	$ 101,859	$ 94,502
Greater than 90 day past due and still accruing	0	341
Total past due	257	1,325
Total	102,116	95,827
30 - 59 days past due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Current	14	115
60 - 89 days past due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Current	0	0
Greater than 90 days past due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Current	243	869
Residential Real Estate, HELOC, and Consumer
Financing Receivable, Recorded Investment, Past Due [Line Items]
Current	83,147	78,710
Greater than 90 day past due and still accruing	0	341
Total past due	257	694
Total	83,404	79,404
Residential Real Estate, HELOC, and Consumer | 30 - 59 days past due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Current	14	115
Residential Real Estate, HELOC, and Consumer | 60 - 89 days past due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Current	0	0
Residential Real Estate, HELOC, and Consumer | Greater than 90 days past due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Current	243	238
Real estate | Non-residential Real Estate
Financing Receivable, Recorded Investment, Past Due [Line Items]
Current	15,709	13,183
Greater than 90 day past due and still accruing	0	0
Total past due	0	0
Total	15,709	13,183
Real estate | Non-residential Real Estate | 30 - 59 days past due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Current	0	0
Real estate | Non-residential Real Estate | 60 - 89 days past due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Current	0	0
Real estate | Non-residential Real Estate | Greater than 90 days past due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Current	0	0
Real estate | Construction and Land
Financing Receivable, Recorded Investment, Past Due [Line Items]
Current	3,003	2,609
Greater than 90 day past due and still accruing	0	0
Total past due	0	631
Total	3,003	3,240
Real estate | Construction and Land | 30 - 59 days past due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Current	0	0
Real estate | Construction and Land | 60 - 89 days past due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Current	0	0
Real estate | Construction and Land | Greater than 90 days past due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Current	$ 0	$ 631

LOANS RECEIVABLE (Details 5)

LOANS RECEIVABLE (Details 5) - USD ($) $ in Thousands	Dec. 31, 2018	Dec. 31, 2017
Financing Receivable, Recorded Investment, Past Due [Line Items]
Non-accruing troubled debt restructured loans	$ 264	$ 1,076
Other non-accrual loans	254	504
Total non-accrual loans	518	1,580
Accruing troubled debt restructured loans	2,402	2,212
Total	2,920	3,792
Residential Real Estate, HELOC, and Consumer
Financing Receivable, Recorded Investment, Past Due [Line Items]
Non-accruing troubled debt restructured loans	258	427
Other non-accrual loans	254	430
Total non-accrual loans	512	857
Accruing troubled debt restructured loans	1,166	1,059
Total	1,678	1,916
Real estate | Non-residential Real Estate
Financing Receivable, Recorded Investment, Past Due [Line Items]
Non-accruing troubled debt restructured loans	0	0
Other non-accrual loans	0	74
Total non-accrual loans	0	74
Accruing troubled debt restructured loans	1,236	1,153
Total	1,236	1,227
Real estate | Construction and Land
Financing Receivable, Recorded Investment, Past Due [Line Items]
Non-accruing troubled debt restructured loans	6	649
Other non-accrual loans	0	0
Total non-accrual loans	6	649
Accruing troubled debt restructured loans	0	0
Total	$ 6	$ 649

LOANS RECEIVABLE (Details 6)

LOANS RECEIVABLE (Details 6) $ in Thousands	12 Months Ended
	Dec. 31, 2018USD ($)Contract	Dec. 31, 2017USD ($)Contract
Financing Receivable, Modifications [Line Items]
Number of Contracts | Contract	1	1
Pre-modification Outstanding Recorded Investment	$ 153	$ 156
Post-modification Outstanding Recorded Investment	$ 153	$ 156
Residential real estate and consumer
Financing Receivable, Modifications [Line Items]
Number of Contracts | Contract	1	1
Pre-modification Outstanding Recorded Investment	$ 153	$ 156
Post-modification Outstanding Recorded Investment	$ 153	$ 156
Real estate | Non-residential real estate
Financing Receivable, Modifications [Line Items]
Number of Contracts | Contract	0	0
Pre-modification Outstanding Recorded Investment	$ 0	$ 0
Post-modification Outstanding Recorded Investment	$ 0	$ 0
Real estate | Construction and land
Financing Receivable, Modifications [Line Items]
Number of Contracts | Contract	0	0
Pre-modification Outstanding Recorded Investment	$ 0	$ 0
Post-modification Outstanding Recorded Investment	$ 0	$ 0

LOANS RECEIVABLE (Detail Textua

LOANS RECEIVABLE (Detail Textuals) - USD ($) $ in Thousands	Dec. 31, 2018	Dec. 31, 2017
Receivables [Abstract]
Loans to value ratio	80.00%
Percentage of loan secured by certificate of deposits	100.00%
Loans serviced by bank for benefit of other loan	$ 237	$ 401
Residential real estate property of foreclosure totaled	$ 0	$ 0

PROPERTY AND EQUIPMENT (Details

PROPERTY AND EQUIPMENT (Details) - USD ($) $ in Thousands	Dec. 31, 2018	Dec. 31, 2017
Property, Plant and Equipment [Abstract]
Land	$ 1,018	$ 1,018
Buildings	4,408	4,398
Furniture, fixtures and equipment	1,030	1,021
Property and equipment, gross	6,456	6,437
Less accumulated depreciation and amortization	2,908	2,773
Total property and equipment	$ 3,548	$ 3,664

PROPERTY AND EQUIPMENT (Detai_2

PROPERTY AND EQUIPMENT (Details 1) $ in Thousands	Dec. 31, 2018USD ($)
Property, Plant and Equipment [Abstract]
2019	$ 84,837
2020	87,383
2021	90,004
2022	61,346
Total minimum rental commitments under operating leases	$ 323,570

PROPERTY AND EQUIPMENT (Detail

PROPERTY AND EQUIPMENT (Detail Textuals) - USD ($)	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017
Property, Plant and Equipment [Abstract]
Depreciation expense	$ 137,000	$ 132,000
Rental expense	$ 93,000	$ 90,000

OTHER REAL ESTATE OWNED (Detail

OTHER REAL ESTATE OWNED (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017
Other Real Estate [Roll Forward]
Beginning balance	$ 0	$ 0
Additions	0	0
Transfers from Loans	0	0
Transfers to Loans	0	0
Sales	0	0
Provisions	0	0
Ending balance	$ 0	$ 0

OTHER REAL ESTATE OWNED (Deta_2

OTHER REAL ESTATE OWNED (Detail Textuals) - USD ($) $ in Thousands	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
Other Real Estate [Abstract]
Other real estate owned	$ 0	$ 0	$ 0

DEPOSITS (Details)

DEPOSITS (Details) - USD ($) $ in Thousands	Dec. 31, 2018	Dec. 31, 2017
Deposits [Abstract]
Non-interest-bearing deposits	$ 1,625	$ 1,542
NOW and Money market	20,833	21,481
Savings	13,265	14,718
Certificates of deposit	62,098	65,567
Total deposits	$ 97,821	$ 103,308

DEPOSITS (Details 1)

DEPOSITS (Details 1) - USD ($) $ in Thousands	Dec. 31, 2018	Dec. 31, 2017
Maturities of certificates of deposit:
2019	$ 36,560
2020	11,574
2021	8,351
2022	4,009
2023	1,604
Total	$ 62,098	$ 65,567

DEPOSITS (Detail Textuals)

DEPOSITS (Detail Textuals) - USD ($)	Dec. 31, 2018	Dec. 31, 2017
Deposit Liabilities [Line Items]
Time deposits, $250,000 or more	$ 2,715,000	$ 3,165,000
Deposits	97,821,000	103,308,000
Executive officers and directors
Deposit Liabilities [Line Items]
Deposits	$ 578,000	$ 330,000

INCOME TAXES (Details)

INCOME TAXES (Details) - USD ($) $ in Thousands	Dec. 31, 2018	Dec. 31, 2017
Deferred tax assets:
Deferred loan fees and costs, net	$ 4	$ 9
Allowance for credit losses	355	355
Deferred compensation	41	44
Severance payments	28	60
Restricted stock awards	0	14
Allowance for ground rents	37	39
Allowance for delinquent mortgage interest	15	101
Contribution carryforward	0	2
Net operating loss carryforward	1,274	1,354
Unrealized loss on available-for-sale securities	76	0
Total deferred tax assets	1,830	1,978
Valuation allowance	(362)	(1,883)
Deferred tax assets after valuation allowance	1,468	95
Deferred tax liabilities:
Depreciation	90	95
Restricted Stock Awards	24	0
Total deferred tax liabilities	114	95
Net deferred tax assets	$ 1,354	$ 0

INCOME TAXES (Details 1)

INCOME TAXES (Details 1) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017
Tax expense (benefit):
Current federal and state	$ (1,533)	$ 0
Deferred tax	255	0
Total	$ (1,278)	$ 0

INCOME TAXES (Details 2)

INCOME TAXES (Details 2)	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017
Income Tax Disclosure [Abstract]
Computed at federal statutory rates	21.00%	34.00%
State income taxes, net of federal tax benefit	5.00%	0.00%
Bank-owned life insurance income	(2.90%)	(76.00%)
Nondeductibles	0.40%	13.10%
Valuation allowance	(149.20%)	2.40%
Other	1.50%	26.50%
Total	(124.20%)	0.00%

INCOME TAXES (Details 3)

INCOME TAXES (Details 3) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017
Deferred Tax Assets Valuation Allowance [Roll Forward]
Beginning balance	$ (1,883)
Ending balance	(362)	$ (1,883)
Valuation allowance for Capital Loss Carryforwards
Deferred Tax Assets Valuation Allowance [Roll Forward]
Beginning balance	(1,883)	(2,608)
Expiration of capital loss carryforwards	0	0
Increase/Decrease in valuation allowance	1,521	725
Ending balance	$ (362)	$ (1,883)

INCOME TAXES (Detail Textuals)

INCOME TAXES (Detail Textuals) - USD ($)	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017
Operating Loss Carryforwards [Line Items]
Federal statutory tax rate	21.00%	34.00%
Operating Loss Carryforwards, Valuation Allowance	$ (362,000)
Income tax expense	$ (1,278,000)	$ 0
Previous year
Operating Loss Carryforwards [Line Items]
Federal statutory tax rate	35.00%
Current year
Operating Loss Carryforwards [Line Items]
Federal statutory tax rate	21.00%
Federal
Operating Loss Carryforwards [Line Items]
Net operating loss carryforwards	$ 3,900,000
State
Operating Loss Carryforwards [Line Items]
Net operating loss carryforwards	$ 4,900,000

FEDERAL HOME LOAN BANK ADVANC_3

FEDERAL HOME LOAN BANK ADVANCES (Details) - USD ($) $ in Thousands	Dec. 31, 2018	Dec. 31, 2017
Federal Home Loan Bank, Advances [Line Items]
Interest Rate	2.65%	1.10%
Fixed-rate borrowings from the Federal Home Loan Bank	$ 0	$ 8,000
Federal Home Loan Bank Advances | March 12, 2018
Federal Home Loan Bank, Advances [Line Items]
Interest Rate	1.46%
Fixed-rate borrowings from the Federal Home Loan Bank	$ 0	4,000
Federal Home Loan Bank Advances | December 14, 2018
Federal Home Loan Bank, Advances [Line Items]
Interest Rate	1.41%
Fixed-rate borrowings from the Federal Home Loan Bank	$ 0	$ 4,000

FEDERAL HOME LOAN BANK ADVANC_4

FEDERAL HOME LOAN BANK ADVANCES (Detail Textuals)	12 Months Ended
	Dec. 31, 2018USD ($)Advance	Dec. 31, 2017USD ($)
Federal Home Loan Bank, Advances [Line Items]
Number of convertible advances | Advance	2
Convertible advance	$ 9,000,000	$ 5,000,000
Interest Rate	2.65%	1.10%
Interest rate description	3 month Libor	3 month Libor
Amount of line of credit with a correspondent bank	$ 2,500,000	$ 2,500,000
Convertible Advances One
Federal Home Loan Bank, Advances [Line Items]
Convertible advance	$ 5,000,000
Interest Rate	1.84%
Maturity date	December 6, 2028
Interest rate description	3 month Libor
Convertible Advances Two
Federal Home Loan Bank, Advances [Line Items]
Convertible advance	$ 5,000,000
Interest Rate	1.67%
Maturity date	December 22, 2028
Interest rate description	3 month Libor

RETIREMENT PLANS (Detail Textua

RETIREMENT PLANS (Detail Textuals) - USD ($)	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017
Defined Benefit Pension Plans and Defined Benefit Postretirement Plans Disclosure [Abstract]
Expense recognized in 401(k) plan	$ 24,000	$ 11,000
Percentage of matching contribution	3.00%	3.00%

EMPLOYEE STOCK OWNERSHIP PLAN_2

EMPLOYEE STOCK OWNERSHIP PLAN (Details) - USD ($) $ in Thousands	Dec. 31, 2018	Dec. 31, 2017
Employee Stock Ownership Plan [Abstract]
Shares released and allocated	39,203	32,577
Unearned shares	123,200	134,485
Total ESOP shares	162,403	167,062
Fair value of unearned shares	$ 1,786	$ 2,381

EMPLOYEE STOCK OWNERSHIP PLAN_3

EMPLOYEE STOCK OWNERSHIP PLAN (Detail Textuals) - USD ($)	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017
Employee Stock Ownership Plan [Abstract]
Description of ESOP	All employees who are age 18 or older and were employed by the Bank as of December 29, 2014 (the closing date of the Company's initial public offering) became participants in the ESOP as of the later of January 1, 2014 or their date of hire. Individuals employed by the Bank after December 29, 2014, must complete one year of service with the Bank before they can commence participation in the ESOP.
Number of shares purchased	162,403	167,062
Price per share of ESOP purchased shares	$ 10
Term of loan	15 years
Outstanding loan principal balance	$ 1,200,000	$ 1,300,000
Vesting percentage of ESOP shares	20.00%
Vesting term of ESOP shares	5 years
Age upon participants become fully vested	65
ESOP compensation expense	$ 187,000	$ 171,000

STOCK BASED COMPENSATION (Detai

STOCK BASED COMPENSATION (Details) - USD ($)	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017
Shares
Nonvested at the beginning	51,250	2,500
Granted	22,140	50,000
Vested	(11,250)	(1,250)
Forfeited	0	0
Nonvested at the ending	62,140	51,250
Fair Value of shares vested	$ 176,250
Weighted-Average Grant-Date Fair Value
Nonvested at the beginning	$ 15.24	$ 13.40
Granted	16.90	15.29
Vested	15.08	13.40
Forfeited	0	0
Nonvested at the ending	$ 15.86	$ 15.24

STOCK BASED COMPENSATION (Det_2

STOCK BASED COMPENSATION (Details 1) - shares	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of restricted shares	11,250	1,250
Restricted stock
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of restricted shares	62,140
2019 | Restricted stock
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of restricted shares	14,428
2020 | Restricted stock
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of restricted shares	14,428
2021 | Restricted stock
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of restricted shares	14,428
2022 | Restricted stock
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of restricted shares	14,428
2023 | Restricted stock
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of restricted shares	4,428

STOCK BASED COMPENSATION (Det_3

STOCK BASED COMPENSATION (Detail Textuals) - USD ($)	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Restricted stock awards issued and outstanding	62,140	51,250	2,500
2016 Equity Incentive Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Unrecognized compensation cost	$ 910,327
Expected period to recognize compensation cost	4 years 18 days
2016 Equity Incentive Plan | Restricted stock
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Restricted stock awards issued and outstanding	74,640
Restricted stock awards expense	$ 192,484
2016 Equity Incentive Plan | Employees, officers and directors | Stock options
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of shares authorized to be issued	211,600
2016 Equity Incentive Plan | Employees, officers and directors | Restricted stock
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of shares authorized to be issued	84,640

RELATED PARTY TRANSACTIONS (Det

RELATED PARTY TRANSACTIONS (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017
Loans and Leases Receivable, Related Parties [Roll Forward]
Balance at beginning of period	$ 913	$ 765
Additions	0	181
Repayments	(349)	(33)
Change in status	(272)	0
Balance at end of period	$ 292	$ 913

REGULATORY CAPITAL REQUIREMEN_3

REGULATORY CAPITAL REQUIREMENTS (Details) - USD ($) $ in Thousands	Dec. 31, 2018	Dec. 31, 2017
Regulatory Capital Requirements [Abstract]
Total risk-based capital (to risk-weighted assets) Amount	$ 26,947	$ 24,934
Total risk-based capital (to risk-weighted assets) Ratio	32.83%	32.58%
Total risk-based capital (to risk-weighted assets) Minimum Requirements for Capital Adequacy Purposes and to be Adequately Capitalized Under the Prompt Corrective Action Provisions, Amount	$ 8,105	$ 7,078
Total risk-based capital (to risk-weighted assets) Minimum Requirements for Capital Adequacy Purposes and to be Adequately Capitalized Under the Prompt Corrective Action Provisions, Ratio	9.875%	9.25%
Total risk-based capital (to risk-weighted assets) To Be Well Capitalized Under the Prompt Corrective Action, Amount	$ 8,208	$ 7,653
Total risk-based capital (to risk-weighted assets) To Be Well Capitalized Under the Prompt Corrective Action, Ratio	10.00%	10.00%
Tier I capital (to risk-weighted assets) Amount	$ 25,918	$ 23,974
Tier I capital (to risk-weighted assets) Ratio	31.57%	31.33%
Tier I capital (to risk-weighted assets) Minimum Requirements for Capital Adequacy Purposes and to be Adequately Capitalized Under the Prompt Corrective Action Provisions, Amount	$ 6,465	$ 5,548
Tier I capital (to risk-weighted assets) Minimum Requirements for Capital Adequacy Purposes and to be Adequately Capitalized Under the Prompt Corrective Action Provisions, Ratio	7.875%	7.25%
Tier I capital (to risk-weighted assets) To Be Well Capitalized Under the Prompt Corrective Action, Amount	$ 6,568	$ 6,122
Tier I capital (to risk-weighted assets) To Be Well Capitalized Under the Prompt Corrective Action, Ratio	8.00%	8.00%
Tier I capital (to adjusted total assets) Amount	$ 25,918	$ 23,974
Tier I capital (to adjusted total assets) Ratio	17.70%	16.55%
Tier I capital (to adjusted total assets) Minimum Requirements for Capital Adequacy Purposes and to be Adequately Capitalized Under the Prompt Corrective Action Provisions, Amount	$ 5,857	$ 5,795
Tier I capital (to adjusted total assets) Minimum Requirements for Capital Adequacy Purposes and to be Adequately Capitalized Under the Prompt Corrective Action Provisions, Ratio	4.00%	44.00%
Tier I capital (to adjusted total assets) To Be Well Capitalized Under the Prompt Corrective Action, Amount	$ 7,321	$ 7,243
Tier I capital (to adjusted total assets) To Be Well Capitalized Under the Prompt Corrective Action, Ratio	5.00%	5.00%
Common equity tier 1 capital (to risk weighted assets) Amount	$ 25,918	$ 23,974
Common equity tier 1 capital (to risk weighted assets) Ratio	31.57%	31.33%
Common Equity Tier 1 Capital (to risk weighted assets) Minimum Amount of Total Capital Required For Capital Adequacy Purposes, Amount	$ 5,234	$ 4,400
Common Equity Tier 1 Capital (to risk weighted assets) Minimum Amount Of Total Capital Required For Capital Adequacy Purposes Ratio	6.375%	5.75%
Common Equity Tier 1 capital (to risk weighted assets) To Be Well Capitalized Under the Prompt Corrective Action Provisions, Amount	$ 5,336	$ 4,974
Common Equity Tier 1 capital (to risk weighted assets) To Be Well Capitalized Under the Prompt Corrective Action Provisions Ratio	6.50%	6.50%

REGULATORY CAPITAL REQUIREMEN_4

REGULATORY CAPITAL REQUIREMENTS (Details 1) - USD ($) $ in Thousands	Dec. 31, 2018	Dec. 31, 2017
Regulatory Capital Requirements [Abstract]
Total Company equity capital	$ 32,964	$ 30,360
LESS: Parent Only Equity	6,515	6,615
LESS: Deferred tax assets from net operating loss	817	0
LESS: Net unrealized (losses) gains on available-for-sale securities	(286)	(229)
Tier 1 Capital	25,918	23,974
Tier 1 Capital	25,918	23,974
Allowance for loan and lease losses includible in Tier 2 capital	1,029	960
Total risk-based capital	$ 26,947	$ 24,934

OTHER COMPREHENSIVE INCOME (Det

OTHER COMPREHENSIVE INCOME (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017
Comprehensive Income (Loss), Net of Tax, Attributable to Parent [Abstract]
Net unrealized loss on securities available-for-sale, Before Tax	$ (133)	$ (90)
Net unrealized loss on securities available-for-sale, Tax Effect	76	0
Net unrealized loss on securities available-for-sale, Net of Tax	(57)	(90)
Other Comprehensive Loss, Before Tax	(133)	(90)
Other Comprehensive Loss, Tax Effect	76	0
Other Comprehensive Loss, Net of Tax	$ (57)	$ (90)

OTHER COMPREHENSIVE INCOME (D_2

OTHER COMPREHENSIVE INCOME (Details 1) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017
Accumulated Other Comprehensive Income Loss [Roll Forward]
Balance at Beginning of Year	$ (229)
Other comprehensive loss	(57)	$ (147)
Balance at End of Period	(286)	(229)
Securities Available-for-sale
Accumulated Other Comprehensive Income Loss [Roll Forward]
Balance at Beginning of Year	(229)	(139)
Other comprehensive loss	(133)	(90)
Balance at End of Period	(362)	(229)
Accumulated Other Comprehensive Loss
Accumulated Other Comprehensive Income Loss [Roll Forward]
Balance at Beginning of Year	(229)	(139)
Other comprehensive loss	(57)	(90)
Balance at End of Period	$ (286)	$ (229)

OTHER COMPREHENSIVE INCOME (D_3

OTHER COMPREHENSIVE INCOME (Details 2) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Realized gain on redemption of investment securities		$ 57
Reclassification out of Accumulated Other Comprehensive Income
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Net of Tax	$ 0	57
Reclassification out of Accumulated Other Comprehensive Income | Redemption of Investment Securities Available-for-sale
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Realized gain on redemption of investment securities	0	57
Provision for Income Tax	0	0
Net of Tax	$ 0	$ 57

EARNINGS PER SHARE (Details)

EARNINGS PER SHARE (Details) - USD ($) $ / shares in Units, $ in Thousands	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017
Earnings Per Share [Abstract]
Net income available to shareholders (Numerator)	$ 2,307	$ 73
Shares (Denominator)
Basic weighted average shares outstanding	1,818,530	1,767,742
Effect of dilutive shares	0	0
Diluted weighted average shares outstanding	1,818,530	1,767,742
Basic earnings per share (in dollars per share)	$ 1.27	$ 0.04
Diluted earnings per share (in dollars per share)	$ 1.27	$ 0.04

SIGNIFICANT ESTIMATES AND CON_2

SIGNIFICANT ESTIMATES AND CONCENTRATIONS (Detail Textuals)	12 Months Ended
	Dec. 31, 2018
Significant Estimates And Concentrations [Abstract]
Maximum percentage of residential collateral required on loan	80.00%
Percentage of insured loans on appraised value	95.00%

COMMITMENTS (Detail Textuals)

COMMITMENTS (Detail Textuals) - USD ($)	Dec. 31, 2018	Dec. 31, 2017
Mortgage Loans
Commitments And Contingencies Disclosure [Line Items]
Outstanding commitments	$ 200,000	$ 680,000
Home equity lines of credit loans
Commitments And Contingencies Disclosure [Line Items]
Outstanding commitments	$ 110,000	$ 0
Rate on the home equity line of credit	5.50%

FAIR VALUE MEASUREMENTS (Detail

FAIR VALUE MEASUREMENTS (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets measured at fair value on a recurring basis	$ 14,093	$ 16,605
Obligations of U.S. Government agencies
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets measured at fair value on a recurring basis	906	945
Mortgage-backed securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets measured at fair value on a recurring basis	12,710	15,163
Recurring basis
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets measured at fair value on a recurring basis	14,093	16,605
Trading Gains and (Losses)	0	0
Total Changes in Fair Values Included in Period Earnings	0	0
Recurring basis | Obligations of U.S. Government agencies
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets measured at fair value on a recurring basis	906	945
Trading Gains and (Losses)	0	0
Total Changes in Fair Values Included in Period Earnings	0	0
Recurring basis | Municipal securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets measured at fair value on a recurring basis	477	497
Trading Gains and (Losses)	0	0
Total Changes in Fair Values Included in Period Earnings	0	0
Recurring basis | Mortgage-backed securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets measured at fair value on a recurring basis	12,170	15,163
Trading Gains and (Losses)	0	0
Total Changes in Fair Values Included in Period Earnings	0	0
Recurring basis | Quoted Prices In Active Markets for Identical Assets (Level 1)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets measured at fair value on a recurring basis	0	0
Recurring basis | Quoted Prices In Active Markets for Identical Assets (Level 1) | Obligations of U.S. Government agencies
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets measured at fair value on a recurring basis	0	0
Recurring basis | Quoted Prices In Active Markets for Identical Assets (Level 1) | Municipal securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets measured at fair value on a recurring basis	0	0
Recurring basis | Quoted Prices In Active Markets for Identical Assets (Level 1) | Mortgage-backed securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets measured at fair value on a recurring basis	0	0
Recurring basis | Other Observable Inputs (Level 2)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets measured at fair value on a recurring basis	14,093	16,605
Recurring basis | Other Observable Inputs (Level 2) | Obligations of U.S. Government agencies
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets measured at fair value on a recurring basis	906	945
Recurring basis | Other Observable Inputs (Level 2) | Municipal securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets measured at fair value on a recurring basis	477	497
Recurring basis | Other Observable Inputs (Level 2) | Mortgage-backed securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets measured at fair value on a recurring basis	12,170	15,163
Recurring basis | Significant Unobservable Inputs (Level 3)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets measured at fair value on a recurring basis	0	0
Recurring basis | Significant Unobservable Inputs (Level 3) | Obligations of U.S. Government agencies
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets measured at fair value on a recurring basis	0	0
Recurring basis | Significant Unobservable Inputs (Level 3) | Municipal securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets measured at fair value on a recurring basis	0	0
Recurring basis | Significant Unobservable Inputs (Level 3) | Mortgage-backed securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets measured at fair value on a recurring basis	$ 0	$ 0

FAIR VALUE MEASUREMENTS (Deta_2

FAIR VALUE MEASUREMENTS (Details 1) - Fair value measurements, nonrecurring - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets measured at fair value on a non-recurring basis	$ 3,421	$ 4,397
Trading Gains and (Losses)	0	0
Total Changes in Fair Values Included in period earnings	0	0
Impaired loans - Residential
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets measured at fair value on a non-recurring basis	1,898	2,149
Trading Gains and (Losses)	0	0
Total Changes in Fair Values Included in period earnings	0	0
Impaired loans - Commercial
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets measured at fair value on a non-recurring basis	1,236	1,154
Trading Gains and (Losses)	0	0
Total Changes in Fair Values Included in period earnings	0	0
Impaired loans - Land
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets measured at fair value on a non-recurring basis	287	1,094
Trading Gains and (Losses)	0	0
Total Changes in Fair Values Included in period earnings	0	0
Impaired loans - Construction
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets measured at fair value on a non-recurring basis	0	0
Trading Gains and (Losses)	0	0
Total Changes in Fair Values Included in period earnings	0	0
Other real estate owned
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets measured at fair value on a non-recurring basis	0	0
Trading Gains and (Losses)	0	0
Total Changes in Fair Values Included in period earnings	0	0
Quoted Prices In Active Markets for Identical Assets (Level 1)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets measured at fair value on a non-recurring basis	0	0
Quoted Prices In Active Markets for Identical Assets (Level 1) | Impaired loans - Residential
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets measured at fair value on a non-recurring basis	0	0
Quoted Prices In Active Markets for Identical Assets (Level 1) | Impaired loans - Commercial
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets measured at fair value on a non-recurring basis	0	0
Quoted Prices In Active Markets for Identical Assets (Level 1) | Impaired loans - Land
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets measured at fair value on a non-recurring basis	0	0
Quoted Prices In Active Markets for Identical Assets (Level 1) | Impaired loans - Construction
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets measured at fair value on a non-recurring basis	0	0
Quoted Prices In Active Markets for Identical Assets (Level 1) | Other real estate owned
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets measured at fair value on a non-recurring basis	0	0
Other Observable Inputs (Level 2)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets measured at fair value on a non-recurring basis	3,421	4,070
Other Observable Inputs (Level 2) | Impaired loans - Residential
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets measured at fair value on a non-recurring basis	1,898	1,822
Other Observable Inputs (Level 2) | Impaired loans - Commercial
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets measured at fair value on a non-recurring basis	1,236	1,154
Other Observable Inputs (Level 2) | Impaired loans - Land
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets measured at fair value on a non-recurring basis	287	1,094
Other Observable Inputs (Level 2) | Impaired loans - Construction
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets measured at fair value on a non-recurring basis	0	0
Other Observable Inputs (Level 2) | Other real estate owned
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets measured at fair value on a non-recurring basis	0	0
Significant Unobservable Inputs (Level 3)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets measured at fair value on a non-recurring basis	0	327
Significant Unobservable Inputs (Level 3) | Impaired loans - Residential
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets measured at fair value on a non-recurring basis	0	327
Significant Unobservable Inputs (Level 3) | Impaired loans - Commercial
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets measured at fair value on a non-recurring basis	0	0
Significant Unobservable Inputs (Level 3) | Impaired loans - Land
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets measured at fair value on a non-recurring basis	0	0
Significant Unobservable Inputs (Level 3) | Impaired loans - Construction
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets measured at fair value on a non-recurring basis	0	0
Significant Unobservable Inputs (Level 3) | Other real estate owned
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets measured at fair value on a non-recurring basis	$ 0	$ 0

FAIR VALUE MEASUREMENTS (Deta_3

FAIR VALUE MEASUREMENTS (Details 2) - USD ($) $ in Thousands	Dec. 31, 2018	Dec. 31, 2017
Quoted Prices In Active Markets for Identical Assets (Level 1)
ASSETS
Cash, interest bearing deposits and federal funds sold	$ 0	$ 0
Other interest bearing deposits in other banks	0	0
Investment securities held at maturity	0	0
Federal Home Loan Bank stock	0	0
Loans, net	0	0
Bank owned life insurance	0	0
Accrued interest receivable	0	0
LIABILITIES
Deposits	0	0
FHLB advances	0	0
Other Observable Inputs (Level 2)
ASSETS
Cash, interest bearing deposits and federal funds sold	5,877	6,603
Other interest bearing deposits in other banks	2,032	2,607
Investment securities held at maturity	16,091	17,008
Federal Home Loan Bank stock	940	754
Loans, net	3,421	4,070
Bank owned life insurance	4,692	4,574
Accrued interest receivable	385	394
LIABILITIES
Deposits	97,072	0
FHLB advances	19,052	0
Significant Unobservable Inputs (Level 3)
ASSETS
Cash, interest bearing deposits and federal funds sold	0	0
Other interest bearing deposits in other banks	0	0
Investment securities held at maturity	0	0
Federal Home Loan Bank stock	0	0
Loans, net	94,728	89,939
Bank owned life insurance	0	0
Accrued interest receivable	0	0
LIABILITIES
Deposits	0	99,719
FHLB advances	0	12,978
Carrying Value
ASSETS
Cash, interest bearing deposits and federal funds sold	5,877	6,603
Other interest bearing deposits in other banks	2,032	2,607
Investment securities held at maturity	16,802	17,416
Federal Home Loan Bank stock	940	754
Loans, net	99,760	93,765
Bank owned life insurance	4,692	4,574
Accrued interest receivable	385	394
LIABILITIES
Deposits	97,821	103,308
FHLB advances	19,000	13,000
Fair Value
ASSETS
Cash, interest bearing deposits and federal funds sold	5,877	6,603
Other interest bearing deposits in other banks	2,032	2,607
Investment securities held at maturity	16,091	17,008
Federal Home Loan Bank stock	940	754
Loans, net	98,149	94,009
Bank owned life insurance	4,692	4,574
Accrued interest receivable	385	394
LIABILITIES
Deposits	97,072	99,719
FHLB advances	$ 19,052	$ 12,978

FAIR VALUE MEASUREMENTS (Deta_4

FAIR VALUE MEASUREMENTS (Detail Textuals)	12 Months Ended
	Dec. 31, 2018Percent
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Discount rate	3.875
Minimum
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Contractual rates	5.25%
Maximum
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Contractual rates	6.00%

PARENT COMPANY ONLY FINANCIAL_3

PARENT COMPANY ONLY FINANCIAL STATEMENTS (Details) - USD ($) $ in Thousands	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
ASSETS:
Cash and due from banks	$ 5,877	$ 6,603
Other interest-bearing deposits in other banks	498	1,245
Loans receivable - ESOP	99,760	93,765
TOTAL ASSETS	150,349	147,331
LIABILITIES:
Total liabilities	117,385	116,971
STOCKHOLDERS' EQUITY:
Common stock .01 par value; authorized 19,000,000 shares; issued 1,960,620 and 1,940,200 shares at December 31, 2018 and 2017, respectively.	19	19
Additional paid-in capital	18,385	18,135
Retained earnings - substantially restricted	16,078	13,780
Accumulated other comprehensive (loss) income	(286)	(229)
Employee stock ownership plan	(1,232)	(1,345)
Total stockholders? equity	32,964	30,360	$ 30,324
TOTAL LIABILITIES AND STOCKHOLDERS? EQUITY	150,349	147,331
MB Bancorp, Inc
ASSETS:
Cash and due from banks	4,908	4,804
Other interest-bearing deposits in other banks	249	498
Loans receivable - ESOP	1,232	1,345
Investment in bank subsidiary	26,449	23,713
Other assets	135	0
TOTAL ASSETS	32,973	30,360
LIABILITIES:
Other liabilities.	9	0
Total liabilities	9	0
STOCKHOLDERS' EQUITY:
Common stock .01 par value; authorized 19,000,000 shares; issued 1,960,620 and 1,940,200 shares at December 31, 2018 and 2017, respectively.	19	19
Additional paid-in capital	18,385	18,135
Retained earnings - substantially restricted	16,078	13,780
Accumulated other comprehensive (loss) income	(286)	(229)
Employee stock ownership plan	(1,232)	(1,345)
Total stockholders? equity	32,964	30,360
TOTAL LIABILITIES AND STOCKHOLDERS? EQUITY	$ 32,973	$ 30,360

PARENT COMPANY ONLY FINANCIAL_4

PARENT COMPANY ONLY FINANCIAL STATEMENTS (Parantheticals) (Details 1) - $ / shares	Dec. 31, 2018	Dec. 31, 2017
Condensed Balance Sheet Statements, Captions [Line Items]
Common stock, par value (in dollars per share)	$ 0.01	$ 0.01
Common stock, shares authorized	19,000,000	19,000,000
Common stock, shares issued	1,960,620	1,940,200
MB Bancorp, Inc
Condensed Balance Sheet Statements, Captions [Line Items]
Common stock, par value (in dollars per share)	$ 0.01	$ 0.01
Common stock, shares authorized	19,000,000	19,000,000
Common stock, shares issued	1,960,620	1,940,200

PARENT COMPANY ONLY FINANCIAL_5

PARENT COMPANY ONLY FINANCIAL STATEMENTS (Details 2) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017
INCOME:
Interest on ESOP loan	$ 4,337	$ 3,423
Total income	5,317	4,383
EXPENSE:
Salaries and employee benefits	2,341	2,115
Advertising and marketing related expenses	7	9
Income tax expense/(benefit)	(1,278)	0
NET INCOME	2,307	73
MB Bancorp, Inc
INCOME:
Interest on ESOP loan	44	47
Interest and dividends on investment securities	6	14
Total income	50	61
EXPENSE:
Interest on stock purchase refund	0	0
Salaries and employee benefits	8	9
Legal and professional expenses	139	60
Advertising and marketing related expenses	0	1
Other expenses	118	114
Income tax expense/(benefit)	(140)	0
Total expenses	125	184
LOSS BEFORE EQUITY IN INCOME OF BANK SUBSIDIARY	(75)	(123)
Equity in net income (loss) of bank subsidiary	2,382	196
NET INCOME	$ 2,307	$ 73

PARENT COMPANY ONLY FINANCIAL_6

PARENT COMPANY ONLY FINANCIAL STATEMENTS (Details 3) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017
CASH FLOWS FROM OPERATING ACTIVITIES:
Net income (loss)	$ 2,307	$ 73
Adjustment to reconcile net income to net cash used in operating activities:
Increase (Decrease) in accrued interest and other assets	92	(106)
Increase (Decrease) in accounts payable and other liabilities	(88)	(298)
CASH FLOWS FROM INVESTING ACTIVITIES:
Net decrease in loan-ESOP	5,305	7,735
CASH FLOWS FROM FINANCING ACTIVITIES:
Repurchase of common stock	(25)	(184)
INCREASE IN CASH AND CASH EQUIVALENTS	(554)	(1,302)
CASH AND CASH EQUIVALENTS AT BEGINNING OF YEAR	7,965	9,267
CASH AND CASH EQUIVALENTS AT END OF YEAR	7,411	7,965
Supplemental cash flow information:
Income taxes paid	0	0
MB Bancorp, Inc
CASH FLOWS FROM OPERATING ACTIVITIES:
Net income (loss)	2,307	73
Adjustment to reconcile net income to net cash used in operating activities:
Equity in undistributed net income	(2,684)	(196)
Increase (Decrease) in accrued interest and other assets	135	(94)
Increase (Decrease) in accounts payable and other liabilities	9	(11)
Net cash used in operating activities	(233)	(228)
CASH FLOWS FROM INVESTING ACTIVITIES:
Net decrease in other interest bearing deposits in other banks	249	1,743
Net decrease in loan-ESOP	113	113
Investment in bank subsidiary	0	0
Net cash provided by investing activities	362	1,856
CASH FLOWS FROM FINANCING ACTIVITIES:
Repurchase of common stock	(25)	(184)
Purchase of Employee Stock Ownership Plan	0	0
Net cash used in financing activities	(25)	(184)
INCREASE IN CASH AND CASH EQUIVALENTS	104	1,444
CASH AND CASH EQUIVALENTS AT BEGINNING OF YEAR	4,804	3,360
CASH AND CASH EQUIVALENTS AT END OF YEAR	4,908	4,804
Supplemental cash flow information:
Interest paid	0	0
Income taxes paid	$ 0	$ 0