MSB Financial 10-Q 10 May 19 2019 Q1 Quarterly report Financial data

Document And Entity Information

Document And Entity Information - shares	3 Months Ended
	Mar. 31, 2019	May 10, 2019
Document Entity Information [Abstract]
Entity Registrant Name	MSB FINANCIAL CORP
Entity Central Index Key	0001635261
Trading Symbol	msbf
Current Fiscal Year End Date	--12-31
Entity Filer Category	Smaller Reporting Company
Entity Common Stock, Shares Outstanding		5,366,854
Document Type	10-Q
Document Period End Date	Mar. 31, 2019
Document Fiscal Year Focus	2019
Document Fiscal Period Focus	Q1
Amendment Flag	false

Consolidated Statements of Fina

Consolidated Statements of Financial Condition - USD ($) $ in Thousands	Mar. 31, 2019	Dec. 31, 2018
Statement of Financial Position [Abstract]
Cash and due from banks	$ 1,040	$ 1,558
Interest-earning demand deposits with banks	9,771	10,242
Cash and Cash Equivalents	10,811	11,800
Securities held to maturity (fair value of $36,444 and $38,569, respectively)	36,982	39,476
Loans receivable, net of allowance for loan losses of $5,658 and $5,655, respectively	489,445	502,299
Premises and equipment, net	8,088	8,180
Federal Home Loan Bank of New York stock, at cost	3,406	4,756
Bank owned life insurance	14,679	14,585
Accrued interest receivable	1,772	1,615
Other assets	2,910	1,789
Total Assets	568,093	584,500
Deposits:
Non-interest bearing	49,429	46,690
Interest bearing	383,325	373,889
Total Deposits	432,754	420,579
Advances from Federal Home Loan Bank of New York	64,275	94,275
Advance payments by borrowers for taxes and insurance	719	749
Other liabilities	3,453	2,251
Total Liabilities	501,201	517,854
Stockholders' Equity
Preferred stock, par value $0.01; 1,000,000 shares authorized; no shares issued or outstanding	0	0
Common stock, par value $0.01; 49,000,000 shares authorized; 5,366,854 and 5,389,054 issued and outstanding at March 31, 2019 and December 31, 2018, respectively	54	54
Paid-in capital	44,431	44,726
Retained earnings	24,012	23,498
Unearned common stock held by ESOP (176,740 and 179,464 shares, respectively)	(1,605)	(1,632)
Total Stockholders' Equity	66,892	66,646
Total Liabilities and Stockholders' Equity	$ 568,093	$ 584,500

Consolidated Statements of Fi_2

Consolidated Statements of Financial Condition (Parentheticals) - USD ($) $ in Thousands	Mar. 31, 2019	Dec. 31, 2018
Statement of Financial Position [Abstract]
Securities held to maturity, fair value	$ 36,444	$ 38,569
Loans receivable, allowance for loan losses	17,443	10,677
Loans receivable, allowance for loan losses	$ 5,658	$ 5,655
Preferred stock, par value (in dollars per share)	$ 0.01	$ 0.01
Preferred stock, shares authorized (in shares)	1,000,000	1,000,000
Preferred stock, shares issued (in shares)	0	0
Preferred stock, shares outstanding (in shares)	0	0
Common stock, par value (in dollars per share)	$ 0.01	$ 0.01
Common stock, shares authorized (in shares)	49,000,000	49,000,000
Common stock, share issued (in shares)	5,366,854	5,389,054
Common stock, shares outstanding (in shares)	5,366,854	5,389,054
Unallocated common stock held by ESOP, shares (in shares)	176,740	179,464

Consolidated Statements of Inco

Consolidated Statements of Income - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Interest Income:
Loans receivable, including fees	$ 5,691	$ 5,136
Securities	285	219
Other	132	74
Total Interest Income	6,108	5,429
Interest Expense
Deposits	1,126	846
Borrowings	559	281
Total Interest Expense	1,685	1,127
Net Interest Income	4,423	4,302
Provision for Loan Losses	0	90
Net Interest Income after Provision for Loan Losses	4,423	4,212
Non-Interest Income
Fees and service charges	72	83
Income from bank owned life insurance	94	97
Other	24	24
Total Non-Interest Income	190	204
Non-Interest Expenses
Salaries and employee benefits	1,728	1,805
Directors compensation	129	122
Occupancy and equipment	375	385
Service bureau fees	95	67
Advertising	7	4
FDIC assessment	46	54
Professional services	1,278	353
Other	209	197
Total Non-Interest Expenses	3,867	2,987
Income before Income Taxes	746	1,429
Income Tax Expense	232	407
Net Income	$ 514	$ 1,022
Earnings per share:
Basic (in dollars per share)	$ 0.10	$ 0.19
Dilutive (in dollars per share)	$ 0.10	$ 0.19

Consolidated Statement of Chang

Consolidated Statement of Changes in Stockholders' Equity - USD ($) $ in Thousands	Total	Common Stock	Paid-In Capital	Retained Earnings	Unallocated Common Stock Held by ESOP	Accumulated Other Comprehensive Loss
Beginning balance at Dec. 31, 2017	$ 73,025	$ 58	$ 51,068	$ 23,641	$ (1,742)	$ 0
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net Income	1,022			1,022
Allocation of ESOP stock	49		22		27
Repurchased stock	(4,415)	(3)	(4,412)
Stock-based compensation	78		78
Ending balance at Mar. 31, 2018	69,759	55	46,756	24,663	(1,715)	0
Beginning balance at Dec. 31, 2018	66,646	54	44,726	23,498	(1,632)	0
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net Income	514			514
Allocation of ESOP stock	108		81		27
Repurchased stock	(398)		(398)
Stock-based compensation	22		22
Ending balance at Mar. 31, 2019	$ 66,892	$ 54	$ 44,431	$ 24,012	$ (1,605)	$ 0

Consolidated Statement of Cha_2

Consolidated Statement of Changes in Stockholders' Equity (Parentheticals) - shares	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Common Stock
Repurchased stock (in shares)	22,200	244,537

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Cash Flows from Operating Activities:
Net Income	$ 514	$ 1,022
Adjustments to reconcile net income to net cash provided by operating activities:
Net accretion of securities premiums and discounts and deferred loan fees and costs	(37)	(5)
Depreciation and amortization of premises and equipment	140	145
Stock-based compensation and allocation of ESOP stock	130	127
Amortization of right-of-use assets	87
Provision for loan losses	0	90
Income from bank owned life insurance	(94)	(97)
Decrease in accrued interest receivable	(157)	(35)
Decrease in other assets	13	395
Increase (decrease) in other liabilities	(19)	(1,163)
Net Cash Provided By Operating Activities	577	479
Activity in held to maturity securities:
Maturities, calls and principal repayments	2,491	2,074
Net increase (decrease) in loans receivable	12,382	(4,244)
Purchased loans	0	(3,319)
Proceeds from sales of loans	512	0
Purchase of bank premises and equipment	(48)	(27)
Purchase of Federal Home Loan Bank of New York stock	(2,705)	(6,804)
Redemption of Federal Home Loan Bank of New York stock	4,055	5,886
Net Cash Provided By (Used in) Investing Activities	16,687	(6,434)
Cash Flows from Financing Activities:
Net (decrease) increase in deposits	12,175	(15,070)
Advances from Federal Home Loan Bank of New York	0	30,400
Repayment of advances from Federal Home Loan Bank of New York	(30,000)	(10,000)
Increase in advance payments by borrowers for taxes and insurance	(30)	86
Net exercise of options and repurchase of shares	0	(25)
Repurchase of common stock	(398)	(4,390)
Net Cash (Used In) Provided By Financing Activities	(18,253)	1,001
Net Decrease in Cash and Cash Equivalents	(989)	(4,954)
Cash and Cash Equivalents – Beginning	11,800	22,309
Cash and Cash Equivalents – Ending	10,811	17,355
Supplementary Cash Flows Information
Interest paid	1,679	1,151
Income taxes paid	0	$ 0
Supplemental noncash disclosures
Lease liabilities arising from obtaining right-of-use assets	$ 1,211

Organization and Business

Organization and Business	3 Months Ended
	Mar. 31, 2019
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Organization and Business	Organization and Business MSB Financial Corp. (the "Company") is a Maryland-chartered corporation organized in 2014 to be the successor to MSB Financial Corp., a federal corporation ("Old MSB") upon completion of the second-step conversion of Millington Bank (the "Bank") from the two-tier mutual holding company structure to the stock holding company structure. MSB Financial, MHC (the "MHC") was the former mutual holding company for Old MSB prior to completion of the second-step conversion. In conjunction with the second-step conversion, each of the MHC and Old MSB ceased to exist. The Company's principal business is the ownership and operation of the Bank. The Bank is a New Jersey-chartered stock savings bank and its deposits are insured by the Federal Deposit Insurance Corporation. The primary business of the Bank is attracting retail deposits from the general public and using those deposits together with funds generated from operations, principal repayments on securities and loans and borrowed funds, for its lending and investing activities. The Bank's loan portfolio primarily consists of one-to-four family and home equity residential loans, commercial and multi-family real estate loans, commercial and industrial loans, and construction loans. It also invests in U.S. government obligations, corporate bonds, state and political subdivisions, certificate of deposits and mortgage-backed securities. The Bank is regulated by the New Jersey Department of Banking and Insurance and the Federal Deposit Insurance Corporation. The Board of Governors of the Federal Reserve System (the "Federal Reserve") regulates the Company as a bank holding company. The primary business of Millington Savings Service Corp (the "Service Corp"), the Bank's wholly-owned subsidiary, was the ownership and operation of a single commercial rental property. This property was sold during the year ended June 30, 2007. Currently the Service Corp is inactive.

Basis of Consolidated Financial

Basis of Consolidated Financial Statement Presentation	3 Months Ended
	Mar. 31, 2019
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Basis of Consolidated Financial Statement Presentation	Basis of Consolidated Financial Statement Presentation The consolidated financial statements include the accounts of the Company and its wholly-owned subsidiary, the Bank, and the Bank's wholly owned subsidiary the Service Corp. All significant intercompany accounts and transactions have been eliminated in consolidation. These consolidated financial statements were prepared in accordance with instructions for Form 10-Q and Regulation S-X, and therefore, do not include all information or notes necessary for a complete presentation of financial condition, results of operations, and cash flows in conformity with accounting principles generally accepted in the United States of America ("GAAP"). In the opinion of management, all adjustments, consisting of only normal recurring adjustments or accruals, which are necessary for a fair presentation of the consolidated financial statements have been made at March 31, 2019 and for the three months ended March 31, 2019 and 2018 . The results of operations for the three months ended March 31, 2019 are not necessarily indicative of the results which may be expected for an entire fiscal year or other interim periods. In preparing the consolidated financial statements, management is required to make estimates and assumptions that affect the reported amounts of assets and liabilities as of the dates of the consolidated statements of financial condition and revenues and expenses for the periods then ended. Actual results could differ significantly from those estimates. Recent Accounting Pronouncements In February 2016, the FASB issued Accounting Standards Update (ASU) No. 2016-2, "Leases" (Topic 842). This ASU revises the method for lessee accounting. Under the new guidance, lessees will be required to recognize a right-of-use asset and a lease liability for all leases. The new lease guidance also simplified the accounting for sale and leaseback transactions primarily due to the recognition of lease assets and lease liabilities. ASU 2016-2 is effective for the first interim period within annual periods beginning after December 15, 2018, with early adoption permitted. The standard is required to be adopted using the modified retrospective transition approach for leases existing at, or entered into after, the beginning of the earliest comparative period presented in the financial statements. The adoption of ASC 842 resulted in the recognition of a right-of-use (ROU) asset of $1.2 million and a lease liability of $1.2 million on our Consolidated Statements of Financial Condition. The Company has elected to apply the package of practical expedients allowed by the new standard under which the Company need not reassess whether any expired of existing contracts are leases or contain leases, the Company need not reassess the lease classification for any expired or existing lease, and the Company need not reassess initial direct costs for any existing leases. The Company has also elected not to restate comparative periods. In June 2016, the FASB issued ASU No. 2016-13, "Measurement of Credit Losses on Financial Instruments." This ASU requires credit losses on most financial assets measured at amortized cost and certain other instruments to be measured using an expected credit loss model. Under this model, entities will estimate credit losses over the entire contractual term of the instrument. The standard is effective for public companies in annual and interim periods in fiscal years beginning after December 15, 2019. Early adoption is permitted, including adoption in an interim or annual period provided that the entire standard is adopted. We are currently evaluating the impact of ASU 2016-13 on our consolidated financial statements. We have taken steps to begin preparations for implementation, such as evaluating changes to our current loss recognition model and evaluating the potential use of outside professionals for an updated model.

Earnings Per Share

Earnings Per Share	3 Months Ended
	Mar. 31, 2019
Earnings Per Share [Abstract]
Earnings Per Share	Earnings Per Share The following table shows the computation of basic and diluted earnings per share: Three Months Ended (In Thousands, Except Per Share Data) 2019 2018 Numerator: Net income $ 514 $ 1,022 Denominator: Weighted average common shares 5,198 5,470 Dilutive potential common shares 39 37 Weighted average fully diluted shares 5,237 5,507 Earnings per share: Basic $ 0.10 $ 0.19 Dilutive $ 0.10 $ 0.19 For three months ended March 31, 2019 and March 31, 2018 , there were no anti-dilutive securities.

Securities Held to Maturity

Securities Held to Maturity	3 Months Ended
	Mar. 31, 2019
Investments, Debt and Equity Securities [Abstract]
Securities Held to Maturity	Securities Held to Maturity All mortgage-backed securities at March 31, 2019 and December 31, 2018 have been issued by FNMA, FHLMC or GNMA and are secured by one-to-four family residential real estate. The amortized cost and fair value of securities held to maturity at March 31, 2019 and December 31, 2018 , as shown below, are reported in total. Expected maturities may differ from contractual maturities because borrowers may have the right to call or prepay obligations with or without call or prepayment penalties. The amortized cost of securities held to maturity and their fair values as of March 31, 2019 and December 31, 2018 are summarized as follows: (In Thousands) Amortized Cost Gross Unrecognized Gains Gross Unrecognized Losses Fair Value March 31, 2019 U.S. Government agencies: Due within one year $ 2,000 $ — $ 10 $ 1,990 Due after one year through five years — — — — Due after five through ten years 3,000 3 — 3,003 Due after ten years 3,000 6 — 3,006 Total U.S. Government agencies 8,000 9 10 7,999 Mortgage-backed securities 21,443 214 160 21,497 Corporate bonds: Due within one year — — — — Due after one year through five years 1,500 1 1 1,500 Due after five through ten years 1,000 — 69 931 Due after ten years 4,000 — 527 3,473 Total Corporate bonds 6,500 1 597 5,904 State and political subdivisions: Due within one year 161 1 1 161 Due after one through five years 696 3 — 699 Due after five through ten years 182 3 1 184 Total State and political subdivisions 1,039 7 2 1,044 Total Securities held to maturity $ 36,982 $ 231 $ 769 $ 36,444 (In Thousands) Amortized Cost Gross Unrecognized Gains Gross Unrecognized Losses Fair Value December 31, 2018 U.S. Government agencies: Due within one year $ 2,000 $ — $ 18 $ 1,982 Due after one year through five years — — — — Due after fiver through ten years 3,000 2 — 3,002 Due thereafter 3,000 9 — 3,009 Total U.S. Government Agencies 8,000 11 18 7,993 Mortgage-backed securities 23,936 142 299 23,779 Corporate bonds: Due within one year — — — — Due after one year through five years 1,500 — 13 1,487 Due after five years through ten years 1,000 — 90 910 Due thereafter 4,000 — 633 3,367 Total Corporate bonds 6,500 — 736 5,764 State and political subdivisions: Due within one year 161 — 1 160 Due after one through five years 697 — 5 692 Due after five through ten years 182 — 1 181 Total State and political subdivisions 1,040 — 7 1,033 Total Securities held to maturity $ 39,476 $ 153 $ 1,060 $ 38,569 There were no sales of securities held to maturity during the three month periods ended March 31, 2019 or 2018 . At March 31, 2019 and December 31, 2018 , securities held to maturity with an amortized cost and fair value of approximately $2.0 million were pledged to secure public funds on deposit. The following tables set forth the gross unrecognized losses and fair value of securities in an unrecognized loss position as of March 31, 2019 and December 31, 2018 , and the length of time that such securities have been in an unrecognized loss position. Less than 12 Months More than 12 Months Total Fair Value Gross Unrecognized Losses Fair Value Gross Unrecognized Losses Fair Value Gross Unrecognized Losses (In Thousands) March 31, 2019 U.S. Government agencies $ — $ — $ 1,990 $ 10 $ 1,990 $ 10 Mortgage-backed securities 2 1 12,417 159 12,419 160 Corporate bonds 500 1 4,403 596 4,903 597 State and political subdivisions — — 332 2 332 2 Total securities with gross unrecognized losses $ 502 $ 2 $ 19,142 $ 767 $ 19,644 $ 769 Less than 12 Months More than 12 Months Total Fair Value Gross Unrecognized Losses Fair Value Gross Unrecognized Losses Fair Value Gross Unrecognized Losses (In Thousands) December 31, 2018 U.S. Government agencies $ — $ — $ 1,982 $ 18 $ 1,982 $ 18 Mortgage-backed securities 8 1 15,205 298 15,213 299 Corporate bonds 1,487 13 4,277 723 5,764 736 State and political subdivisions 180 1 853 6 1,033 7 Total securities with gross unrecognized losses $ 1,675 $ 15 $ 22,317 $ 1,045 $ 23,992 $ 1,060 At March 31, 2019 , management concluded that the unrecognized losses summarized above (which related to two U.S. Government agency bonds, sixteen mortgage-backed securities, four corporate bonds and two state and political subdivision securities, compared to two U.S. Government agency bonds, twenty mortgage-backed securities, five corporate bonds, and six state and political subdivision bonds as of December 31, 2018 ) are temporary in nature since they are not related to the underlying credit quality of the issuer. As of March 31, 2019 , the Company did not intend to sell these securities and it is not more-likely-than-not that the Company would be required to sell these securities prior to the anticipated recovery of the remaining amortized cost. Management believes that the losses above are primarily related to the change in market interest rates. Accordingly, the Company has not recognized any other-than-temporary impairment loss on these securities.

Loans Receivable and Allowance

Loans Receivable and Allowance for Credit Losses	3 Months Ended
	Mar. 31, 2019
Receivables [Abstract]
Loans Receivable and Allowance for Credit Losses	Loans Receivable and Allowance for Credit Losses The composition of loans receivable at March 31, 2019 and December 31, 2018 was as follows: (In Thousands) March 31, 2019 December 31, 2018 Residential mortgage: One-to-four family $ 140,043 $ 143,391 Home equity 25,160 24,365 Total residential mortgages 165,203 167,756 Commercial loans: Commercial and multi-family real estate 206,653 212,606 Construction 37,319 29,628 Commercial and industrial - Secured 49,640 60,426 Commercial and industrial - Unsecured 53,791 48,176 Total commercial loans 347,403 350,836 Consumer: 470 540 Total loans receivable 513,076 519,132 Less: Loans in process 17,443 10,677 Deferred loan fees 530 501 Allowance for loan losses 5,658 5,655 Total adjustments 23,631 16,833 Loans receivable, net $ 489,445 $ 502,299 Allowance for Loan Losses The following tables provide an analysis of the allowance for loan losses and the loan receivable recorded investments, by portfolio segment, segregated into the amount required for loans individually evaluated for impairment and the amount required for loans collectively evaluated for impairment as of March 31, 2019 and 2018 and loans individually evaluated for impairment and the amount required for loans collectively evaluated for impairment as of March 31, 2019 and December 31, 2018 : (In Thousands) Residential Mortgage Commercial and Multi-Family Real Estate Construction Commercial and Industrial Consumer Unallocated Total Three Months Ended March 31, 2019 Allowance for loan losses: Balance, beginning $ 2,115 $ 2,187 $ 222 $ 1,128 $ 3 $ — $ 5,655 Provisions (credits) (50 ) 137 (2 ) (85 ) — — — Loans charged-off — — — — (1 ) — (1 ) Recoveries 3 — — — 1 — 4 Balance, ending $ 2,068 $ 2,324 $ 220 $ 1,043 $ 3 $ — $ 5,658 March 31, 2019 allowance allocated to: Loans individually evaluated for impairment $ 250 $ 80 $ — $ 20 $ — $ — $ 350 Loans collectively evaluated for impairment 1,818 2,244 220 1,023 3 — 5,308 Ending Balance $ 2,068 $ 2,324 $ 220 $ 1,043 $ 3 $ — $ 5,658 March 31, 2019 loan balances evaluated for: Loans individually evaluated for impairment $ 11,634 $ 2,389 $ — $ 226 $ — $ — $ 14,249 Loans collectively evaluated for impairment 153,521 203,940 19,807 103,130 456 — 480,854 Ending Balance $ 165,155 $ 206,329 $ 19,807 $ 103,356 $ 456 $ — $ 495,103 (In Thousands) Residential Mortgage Commercial and Multi-Family Real Estate Construction Commercial and Industrial Consumer Unallocated Total Three Months Ended March 31, 2018 Allowance for loan losses: Balance, beginning $ 1,852 $ 2,267 $ 302 $ 710 $ 5 $ 278 $ 5,414 Provisions (credits) 141 7 19 64 — (141 ) 90 Loans charged-off — — — — (2 ) — (2 ) Recoveries 4 — — — — — 4 Balance, ending $ 1,997 $ 2,274 $ 321 $ 774 $ 3 $ 137 $ 5,506 March 31, 2018 allowance allocated to: Loans individually evaluated for impairment $ 35 $ — $ — $ 26 $ — $ — $ 61 Loans collectively evaluated for impairment 1,962 2,274 321 748 3 137 5,445 Ending Balance $ 1,997 $ 2,274 $ 321 $ 774 $ 3 $ 137 $ 5,506 March 31, 2018 loan balances evaluated for: Loans individually evaluated for impairment $ 11,430 $ 2,038 $ — $ 196 $ — $ — $ 13,664 Loans collectively evaluated for impairment 170,117 193,675 25,942 82,429 595 — 472,758 Ending Balance $ 181,547 $ 195,713 $ 25,942 $ 82,625 $ 595 $ — $ 486,422 (In Thousands) Residential Mortgage Commercial and Multi-Family Real Estate Construction Commercial and Industrial Consumer Unallocated Total At December 31, 2018 Period-end allowance balances: Loans individually evaluated for impairment $ 326 $ 69 $ — $ 20 $ — $ — $ 415 Loans collectively evaluated for impairment 1,789 2,118 222 1,108 3 — 5,240 Ending Balance $ 2,115 $ 2,187 $ 222 $ 1,128 $ 3 $ — $ 5,655 Period-end loan balances evaluated for: Loans individually evaluated for impairment $ 11,960 $ 2,411 $ — $ 243 $ — $ — $ 14,614 Loans collectively evaluated for impairment 155,746 209,879 18,905 108,270 540 — 493,340 Ending Balance $ 167,706 $ 212,290 $ 18,905 $ 108,513 $ 540 $ — $ 507,954 Nonaccrual and Past Due Loans The following table represents the recorded investments in classes of the loans receivable portfolio summarized by aging categories of performing loans and nonaccrual loans as of March 31, 2019 and December 31, 2018 : (In Thousands) As of March 31, 2019 30-59 Days Past Due and Still Accruing 60-89 Days Past Due and Still Accruing Greater than 90 Days and Still Accruing Total Past Due and Still Accruing Accruing Current Balances Nonaccrual Loans Total Loans Receivables Residential Mortgage One-to-four family $ 1,921 $ 100 $ — $ 2,021 $ 135,939 $ 2,041 $ 140,001 Home equity 831 54 — 885 23,688 581 25,154 Commercial and multi-family real estate 293 — — 293 205,018 1,018 206,329 Construction — — — — 19,807 — 19,807 Commercial and industrial 39 — — 39 103,118 199 103,356 Consumer 5 — — 5 451 — 456 Total $ 3,089 $ 154 $ — $ 3,243 $ 488,021 $ 3,839 $ 495,103 (In Thousands) As of December 31, 2018 30-59 Days Past Due and Still Accruing 60-89 Days Past Due and Still Accruing Greater than 90 Days and Still Accruing Total Past Due and Still Accruing Accruing Current Balances Nonaccrual Loans Total Loans Receivables Residential Mortgage One-to-four family $ 1,328 $ 365 $ 2 $ 1,695 $ 139,371 $ 2,276 $ 143,342 Home equity 1,602 75 — 1,677 22,079 608 24,364 Commercial and multi-family real estate — — — — 211,258 1,032 212,290 Construction — — — — 18,905 — 18,905 Commercial and industrial — — — — 108,298 215 108,513 Consumer 1 — — 1 539 — 540 Total $ 2,931 $ 440 $ 2 $ 3,373 $ 500,450 $ 4,131 $ 507,954 Impaired Loans The following tables provide an analysis of the impaired loans at March 31, 2019 and December 31, 2018 and the average balances of such loans for the three months and year, respectively, then ended: (In Thousands) March 31, 2019 Recorded Investment Loans with No Related Reserve Loans with Related Reserve Related Reserve Contractual Principal Balance Average Recorded Investment Residential mortgage One-to-four family $ 9,933 $ 1,724 $ 8,209 $ 235 $ 10,625 $ 10,079 Home equity 1,701 544 1,157 15 1,803 1,718 Commercial and multi-family real estate 2,389 1,019 1,370 80 3,050 2,400 Construction — — — — — — Commercial and industrial 226 206 20 20 251 235 Consumer — — — — — — Total $ 14,249 $ 3,493 $ 10,756 $ 350 $ 15,729 $ 14,432 (In Thousands) December 31, 2018 Recorded Investment Loans with No Related Reserve Loans with Related Reserve Related Reserve Contractual Principal Balance Average Recorded Investment Residential mortgage One-to-four family $ 10,224 $ 1,956 $ 8,268 $ 298 $ 10,907 $ 10,392 Home equity 1,736 609 1,127 28 1,827 1,484 Commercial and multi-family real estate 2,411 1,405 1,006 69 3,067 2,059 Construction — — — — — — Commercial and industrial 243 223 20 20 262 149 Consumer — — — — — 1 Total $ 14,614 $ 4,193 $ 10,421 $ 415 $ 16,063 $ 14,085 As of March 31, 2019 and December 31, 2018 , impaired loans listed above included $11.3 million and $11.4 million respectively, of loans modified in troubled debt restructurings ("TDRs") and as such are considered impaired under GAAP. As of March 31, 2019 and December 31, 2018 , $10.4 million and $10.5 million , respectively, of these loans have been performing in accordance with their modified terms for an extended period of time and as such were removed from non-accrual status and considered performing. Interest income of $122,000 and $116,000 was recognized on impaired loans during the three months ended March 31, 2019 and 2018 , respectively. The average balance of impaired loans for the three months ended March 31, 2019 and March 31, 2018 was $14.2 million and $14.3 million , respectively. Credit Quality Indicators Management uses a nine point internal risk rating system to monitor the credit quality of the loans in the Company's commercial real estate, construction and commercial and industrial loan segments. The borrower's overall financial condition, repayment sources, guarantors and value of collateral, if appropriate, are evaluated annually or when credit deficiencies, such as delinquent loan payments, arise. The criticized rating categories utilized by management generally follow bank regulatory definitions. The Bank's rating categories are as follows: 1 – 5: The first five risk rating categories are considered not criticized, and are aggregated as "Pass" rated. 6: "Special Mention" category includes assets that are currently protected, but are potentially weak, resulting in increased credit risk and deserving management's close attention. If uncorrected, the potential weaknesses may result in deterioration of the repayment prospects. 7: "Substandard" loans have a well-defined weakness or weaknesses that jeopardize the liquidation of the debt and have a distinct possibility that some loss will be sustained if the weaknesses are not corrected. This includes loans that are inadequately protected by the current sound net worth and paying capacity of the obligor or of the collateral pledged, if any. 8: "Doubtful" loans have all the weaknesses inherent in loans classified "Substandard" with the added characteristic that collection or liquidation in full, on the basis of current conditions and facts, is highly improbable. 9: "Loss" loans are considered uncollectible and subsequently charged off. The following table presents the recorded investment in classes of the loans receivable portfolio summarized by the aggregate "Pass" and the criticized categories of "Special Mention", "Substandard", "Doubtful" and "Loss" within the internal risk rating system as of March 31, 2019 and December 31, 2018 : (In Thousands) As of March 31, 2019 Pass Special Mention Substandard Doubtful Loss Total Commercial and multi-family real estate $ 203,106 $ 1,529 $ 1,694 $ — $ — $ 206,329 Construction 19,807 — — — — 19,807 Commercial and industrial 102,892 65 399 — — 103,356 Total $ 325,805 $ 1,594 $ 2,093 $ — $ — $ 329,492 (In Thousands) As of December 31, 2018 Pass Special Mention Substandard Doubtful Loss Total Commercial and multi-family real estate $ 209,206 $ 1,367 $ 1,717 $ — $ — $ 212,290 Construction 18,905 — — — — 18,905 Commercial and industrial 108,025 69 419 — — 108,513 Total $ 336,136 $ 1,436 $ 2,136 $ — $ — $ 339,708 Management further monitors the performance and credit quality of the residential portfolio by analyzing the age of the portfolio as determined by the length of time a recorded payment is past due. These credit quality indicators are assessed in the aggregate in these relatively homogeneous portfolios. Loans greater than 90 days past due are generally considered nonperforming and placed on nonaccrual status. (In Thousands) Residential mortgage Consumer Total Residential and Consumer Mar 31, 2019 Dec 31, 2018 Mar 31, 2019 Dec 31, 2018 Mar 31, 2019 Dec 31, 2018 Nonperforming $ 2,622 $ 2,884 $ — $ — $ 2,622 $ 2,884 Performing 162,533 164,822 456 540 162,989 165,362 Total $ 165,155 $ 167,706 $ 456 $ 540 $ 165,611 $ 168,246 Troubled Debt Restructurings Loans, the terms of which are modified, are classified as a TDR if, in connection with the modification, the Company grants such borrowers concessions and it is deemed that those borrowers are experiencing financial difficulty. Concessions granted under a TDR generally involve a reduction in the loan's interest rate below market rates given the associated credit risk, or an extension of a loan's stated maturity date or capitalization of interest and/or escrow. Nonaccrual TDRs are restored to accrual status if principal and interest payments, under the modified terms, are current for six consecutive months after modification. Loans classified as TDRs are designated as impaired until they are ultimately repaid in full or foreclosed and sold. The nature and extent of impairment of TDRs, including those which experienced a subsequent default, is considered in the determination of an appropriate level of allowance for loan losses. The recorded investment balance of TDRs totaled $11.3 million at March 31, 2019 compared with $11.4 million at December 31, 2018 . The majority of the Company's TDRs are on accrual status. Accruing TDRs totaled $10.4 million at March 31, 2019 versus $10.5 million at December 31, 2018 . The total of TDRs on non-accrual status was $873,000 at March 31, 2019 and $915,000 at December 31, 2018 . The Company did not modify any loans as a TDR during the three months ended March 31, 2019 . For the three months ended March 31, 2018 , the terms of one loan was modified into one TDR. The Company refinanced a multi-family and commercial loan that was restructured to extend the maturity date and capitalize the interest. The following table summarizes the recorded investment class loans modified into TDRs during the three months ended March 31, 2018 : Three Months Ended March 31, 2018 Number of Contracts Pre-Modification Outstanding Recorded Investments Post-Modification Outstanding Recorded Investments (Dollars in thousands) Commercial and multi-family real estate 1 374 392 Total 1 $ 374 $ 392 A loan is considered to be in payment default once it is 90 days contractually past due under the modified terms. There were no loans modified in TDRs during the previous 12 months and for which there was a subsequent payment default for the three months ended March 31, 2019 and 2018 . There was no Other Real Estate Owned ("OREO") at March 31, 2019 and December 31, 2018 . We may obtain physical possession of residential real estate collateralizing consumer mortgage loans via foreclosure or in-substance repossession. At March 31, 2019 and December 31, 2018 , we had consumer loans with a carrying value of $691,000 and $708,000 , respectively, collateralized by residential real estate property for which formal foreclosure proceedings were in process.

Fair Value Measurements

Fair Value Measurements	3 Months Ended
	Mar. 31, 2019
Fair Value Disclosures [Abstract]
Fair Value Measurements	Fair Value Measurements The Company uses fair value measurements to record fair value adjustments to certain assets and certain liabilities and to determine fair value disclosures. FASB ASC Topic 820, Fair Market Value Disclosures ("ASC 820"), defines fair value as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants. A fair value measurement assumes that the transaction to sell the asset or transfer the liability occurs in the principal market for the asset or liability or, in the absence of a principal market, the most advantageous market for the asset or liability. The price in the principal (or most advantageous) market used to measure the fair value of the asset or liability shall not be adjusted for transaction costs. An orderly transaction is a transaction that assumes exposure to the market for a period prior to the measurement date to allow for marketing activities that are usual and customary for transactions involving such assets and liabilities; it is not a forced transaction. Market participants are buyers and sellers in the principal market that are (i) independent, (ii) knowledgeable, (iii) able to transact and (iv) willing to transact. ASC 820 requires the use of valuation techniques that are consistent with the market approach, the income approach and/or the cost approach. The market approach uses prices and other relevant information generated by market transactions involving identical or comparable assets and liabilities. The income approach uses valuation techniques to convert future amounts, such as cash flows or earnings, to a single present amount on a discounted basis. The cost approach is based on the amount that currently would be required to replace the service capacity of an asset (replacement cost). Valuation techniques should be consistently applied. Inputs to valuation techniques refer to the assumptions that market participants would use in pricing the asset or liability. Inputs may be observable, meaning those that reflect the assumptions market participants would use in pricing the asset or liability developed based on market data obtained from independent sources, or unobservable, meaning those that reflect the reporting entity's own assumptions about the assumptions market participants would use in pricing the asset or liability developed based on the best information available in the circumstances. In that regard, ASC 820 establishes a fair value hierarchy for valuation inputs that gives the highest priority to quoted prices in active markets for identical assets or liabilities and the lowest priority to unobservable inputs. The fair value hierarchy is as follows: • Level 1 Inputs – Unadjusted quoted prices in active markets for identical assets or liabilities that the reporting entity has the ability to access at the measurement date. • Level 2 Inputs – Inputs other than quoted prices included in Level 1 that are observable for the asset or liability, either directly or indirectly. These might include quoted prices for similar assets or liabilities in active markets, quoted prices for identical or similar assets or liabilities in markets that are not active, inputs other than quoted prices that are observable for the asset or liability (such as interest rates, volatilities, prepayment speeds, credit risks, etc.) or inputs that are derived principally from or corroborated by market data by correlation or other means. • Level 3 Inputs – Unobservable inputs for determining the fair values of assets or liabilities that reflect an entity's own assumptions about the assumptions that market participants would use in pricing the assets or liabilities. A description of the valuation methodologies used for instruments measured at fair value, as well as the general classification of such instruments pursuant to the valuation hierarchy, is set forth below. An asset's or liability's level within the fair value hierarchy is based on the lowest level of input that is significant to the fair value measurement. In general, fair value is based upon quoted market prices, where available. If such quoted market prices are not available, fair value is based upon internally developed models that primarily use, as inputs, observable market-based parameters. Valuation adjustments may be made to ensure that financial instruments are recorded at fair value. These adjustments may include amounts to reflect counterparty credit quality, among other things, as well as unobservable parameters. Any such valuation adjustments are applied consistently over time. The Company's valuation methodologies may produce a fair value calculation that may not be indicative of net realizable value or reflective of future values. While management believes the Company's valuation methodologies are appropriate and consistent with other market participants, the use of different methodologies or assumptions to determine the fair value of certain financial instruments could result in a different estimate of fair value at the reporting date. Assets Measured at Fair Value on a Recurring Basis The Company did not have any financial assets measured at fair value on a recurring basis as of March 31, 2019 and December 31, 2018 . Assets Measured at Fair Value on a Non-Recurring Basis Certain financial and non-financial assets are measured at fair value on a non-recurring basis; that is, the instruments are not measured at fair value on an ongoing basis but are subject to fair value adjustments in certain circumstances (for example, when there is evidence of impairment). The following table summarizes those assets measured at fair value on a non-recurring basis as of March 31, 2019 and December 31, 2018 : As of March 31, 2019 Level 1 Inputs Level 2 Inputs Level 3 Inputs Total Fair Value (In thousands) Impaired loans $ — $ — $ 347 $ 347 As of December 31, 2018 Level 1 Inputs Level 2 Inputs Level 3 Inputs Total Fair Value (In thousands) Impaired loans $ — $ — $ 350 $ 350 For Level 3 assets measured at fair value on a non-recurring basis as of March 31, 2019 and December 31, 2018 , the significant unobservable inputs used in fair value measurements were as follows: As of March 31, 2019 Fair Value Valuation Techniques Unobservable Input Range (Weighted Average) (Dollars in thousands) Impaired loans $ 347 Appraisal of collateral Appraisal adjustments 0% (0%) Liquidation expense 7.3% (7.3%) As of December 31, 2018 Fair Value Valuation Techniques Unobservable Input Range (Weighted Average) (Dollars in thousands) Impaired loans $ 350 Appraisal of collateral Appraisal adjustments 0% (0%) Liquidation expense 7.3% (7.3%) A loan is measured for impairment at the time the loan is identified as impaired. Loans are considered impaired when based on current information and events it is probable that payments of interest and principal will not be made in accordance with the contractual terms of the loan agreement. The Company's impaired loans are generally collateral dependent and, as such, are carried at the lower of cost or fair value less estimated selling costs. Fair values are estimated through current appraisals and adjusted as necessary to reflect current market conditions and as such are classified as Level 3. Disclosure about Fair Value of Financial Instruments The carrying amount and fair value (represents exit price) of financial instruments, at March 31, 2019 and December 31, 2018 were as follows: Carrying Fair Level 1 Level 2 Level 3 As of March 31, 2019 Amount Value Inputs Inputs Inputs (In thousands) Financial assets: Cash and due from banks $ 10,811 $ 10,811 $ 10,811 $ — $ — Securities held to maturity 36,982 36,444 — 36,444 — Loans receivable (1) 489,445 481,335 — — 481,335 Accrued interest receivable 1,772 1,772 — 177 1,595 Financial liabilities: Deposits 432,754 433,745 — 433,745 — Advances from Federal Home Loan Bank of New York 64,275 62,844 — 62,844 — Advance payments by borrowers for taxes and insurance 719 719 — 719 — Accrued interest payable 92 92 — 92 — As of December 31, 2018 Financial assets: Cash and due from banks $ 11,800 $ 11,800 $ 11,800 $ — $ — Securities held to maturity 39,476 38,569 — 38,569 — Loans receivable (1) 502,299 490,177 — — 490,177 Accrued interest receivable 1,615 1,615 — 111 1,504 Financial liabilities: Deposits 420,579 421,164 — 421,164 — Advances from Federal Home Loan Bank of New York 94,275 93,839 — 93,839 — Advance payments by borrowers for taxes and insurance 749 749 — 749 — Accrued interest payable 86 86 — 86 — (1) Includes impaired loans measured at fair value on a non-recurring basis as discussed above.

Leases

Leases	3 Months Ended
	Mar. 31, 2019
Leases [Abstract]
Leases	Leases The Company leases certain premises and equipment under operating leases including one branch and the loan operations office. The Company also has a short-term lease for one additional branch that is currently being negotiated to a longer term lease. The leases generally also include real estate taxes and common area maintenance ("CAM") charges in the annual rental payments. The Company accounts for the lease and non-lease components separately as such amounts are readily determinable. At March 31, 2019 , the Company had lease liabilities totaling $1.2 million and right-of-use assets totaling $1.1 million related to these leases. Lease liabilities and right-of-use assets are reflected in other liabilities and other assets, respectively. For the three months ended March 31, 2019 , the weighted average remaining lease term for operating leases was 4.8 years and the weighted average discount rate in the measurement of operating lease liabilities was 3.14% . The incremental borrowing rate for leases are generally determined by the length of the lease and are aligned with the Federal Home Loan Bank advance rates. In addition, the Company did not factor in lease renewals into the calculation as leases are typically renegotiated depending on market conditions. Lease costs were as follows: Three months ended March 31, (Dollars in thousands) 2019 Operating lease cost $76 Short-term lease cost 46 Total lease Cost $122 Rent expense for the three months ended March 31, 2018 , prior to the adoption of ASU 2016-02, was $128,000 . There were no sale and leaseback transactions, leverage leases, finance leases, or lease transactions with related parties during the three months ended March 31, 2019 . At March 31, 2019 , the Company had no leases that had not yet commenced. A maturity analysis of operating lease liabilities and reconciliation of the undiscounted cash flows to the total operating lease liability is as follows: Three months ended March 31, (Dollars in thousands) 2019 Lease payments due: Within one year $329 After one but within two years 333 After two but within three years 254 After three but within four years 199 After five years 306 Total undiscounted cash flows 1,421 Discount on cash flows (237 ) Total lease liability $1,184

Significant Accounting Policies

Significant Accounting Policies (Policies)	3 Months Ended
	Mar. 31, 2019
Accounting Policies
Consolidation Policy	The consolidated financial statements include the accounts of the Company and its wholly-owned subsidiary, the Bank, and the Bank's wholly owned subsidiary the Service Corp. All significant intercompany accounts and transactions have been eliminated in consolidation. These consolidated financial statements were prepared in accordance with instructions for Form 10-Q and Regulation S-X, and therefore, do not include all information or notes necessary for a complete presentation of financial condition, results of operations, and cash flows in conformity with accounting principles generally accepted in the United States of America ("GAAP"). In the opinion of management, all adjustments, consisting of only normal recurring adjustments or accruals, which are necessary for a fair presentation of the consolidated financial statements have been made at March 31, 2019 and for the three months ended March 31, 2019 and 2018 . The results of operations for the three months ended March 31, 2019 are not necessarily indicative of the results which may be expected for an entire fiscal year or other interim periods. In preparing the consolidated financial statements, management is required to make estimates and assumptions that affect the reported amounts of assets and liabilities as of the dates of the consolidated statements of financial condition and revenues and expenses for the periods then ended. Actual results could differ significantly from those estimates.
Recent Accounting Pronouncements	Recent Accounting Pronouncements In February 2016, the FASB issued Accounting Standards Update (ASU) No. 2016-2, "Leases" (Topic 842). This ASU revises the method for lessee accounting. Under the new guidance, lessees will be required to recognize a right-of-use asset and a lease liability for all leases. The new lease guidance also simplified the accounting for sale and leaseback transactions primarily due to the recognition of lease assets and lease liabilities. ASU 2016-2 is effective for the first interim period within annual periods beginning after December 15, 2018, with early adoption permitted. The standard is required to be adopted using the modified retrospective transition approach for leases existing at, or entered into after, the beginning of the earliest comparative period presented in the financial statements. The adoption of ASC 842 resulted in the recognition of a right-of-use (ROU) asset of $1.2 million and a lease liability of $1.2 million on our Consolidated Statements of Financial Condition. The Company has elected to apply the package of practical expedients allowed by the new standard under which the Company need not reassess whether any expired of existing contracts are leases or contain leases, the Company need not reassess the lease classification for any expired or existing lease, and the Company need not reassess initial direct costs for any existing leases. The Company has also elected not to restate comparative periods. In June 2016, the FASB issued ASU No. 2016-13, "Measurement of Credit Losses on Financial Instruments." This ASU requires credit losses on most financial assets measured at amortized cost and certain other instruments to be measured using an expected credit loss model. Under this model, entities will estimate credit losses over the entire contractual term of the instrument. The standard is effective for public companies in annual and interim periods in fiscal years beginning after December 15, 2019. Early adoption is permitted, including adoption in an interim or annual period provided that the entire standard is adopted. We are currently evaluating the impact of ASU 2016-13 on our consolidated financial statements. We have taken steps to begin preparations for implementation, such as evaluating changes to our current loss recognition model and evaluating the potential use of outside professionals for an updated model.

Earnings Per Share (Tables)

Earnings Per Share (Tables)	3 Months Ended
	Mar. 31, 2019
Earnings Per Share [Abstract]
Schedule of Earnings Per Share, Basic and Diluted	The following table shows the computation of basic and diluted earnings per share: Three Months Ended (In Thousands, Except Per Share Data) 2019 2018 Numerator: Net income $ 514 $ 1,022 Denominator: Weighted average common shares 5,198 5,470 Dilutive potential common shares 39 37 Weighted average fully diluted shares 5,237 5,507 Earnings per share: Basic $ 0.10 $ 0.19 Dilutive $ 0.10 $ 0.19

Securities Held to Maturity (Ta

Securities Held to Maturity (Tables)	3 Months Ended
	Mar. 31, 2019
Investments, Debt and Equity Securities [Abstract]
Schedule of Amortized Cost and Estimated Fair Value of HTM Securities	The amortized cost of securities held to maturity and their fair values as of March 31, 2019 and December 31, 2018 are summarized as follows: (In Thousands) Amortized Cost Gross Unrecognized Gains Gross Unrecognized Losses Fair Value March 31, 2019 U.S. Government agencies: Due within one year $ 2,000 $ — $ 10 $ 1,990 Due after one year through five years — — — — Due after five through ten years 3,000 3 — 3,003 Due after ten years 3,000 6 — 3,006 Total U.S. Government agencies 8,000 9 10 7,999 Mortgage-backed securities 21,443 214 160 21,497 Corporate bonds: Due within one year — — — — Due after one year through five years 1,500 1 1 1,500 Due after five through ten years 1,000 — 69 931 Due after ten years 4,000 — 527 3,473 Total Corporate bonds 6,500 1 597 5,904 State and political subdivisions: Due within one year 161 1 1 161 Due after one through five years 696 3 — 699 Due after five through ten years 182 3 1 184 Total State and political subdivisions 1,039 7 2 1,044 Total Securities held to maturity $ 36,982 $ 231 $ 769 $ 36,444 (In Thousands) Amortized Cost Gross Unrecognized Gains Gross Unrecognized Losses Fair Value December 31, 2018 U.S. Government agencies: Due within one year $ 2,000 $ — $ 18 $ 1,982 Due after one year through five years — — — — Due after fiver through ten years 3,000 2 — 3,002 Due thereafter 3,000 9 — 3,009 Total U.S. Government Agencies 8,000 11 18 7,993 Mortgage-backed securities 23,936 142 299 23,779 Corporate bonds: Due within one year — — — — Due after one year through five years 1,500 — 13 1,487 Due after five years through ten years 1,000 — 90 910 Due thereafter 4,000 — 633 3,367 Total Corporate bonds 6,500 — 736 5,764 State and political subdivisions: Due within one year 161 — 1 160 Due after one through five years 697 — 5 692 Due after five through ten years 182 — 1 181 Total State and political subdivisions 1,040 — 7 1,033 Total Securities held to maturity $ 39,476 $ 153 $ 1,060 $ 38,569
Schedule of Unrealized Loss on Investments	The following tables set forth the gross unrecognized losses and fair value of securities in an unrecognized loss position as of March 31, 2019 and December 31, 2018 , and the length of time that such securities have been in an unrecognized loss position. Less than 12 Months More than 12 Months Total Fair Value Gross Unrecognized Losses Fair Value Gross Unrecognized Losses Fair Value Gross Unrecognized Losses (In Thousands) March 31, 2019 U.S. Government agencies $ — $ — $ 1,990 $ 10 $ 1,990 $ 10 Mortgage-backed securities 2 1 12,417 159 12,419 160 Corporate bonds 500 1 4,403 596 4,903 597 State and political subdivisions — — 332 2 332 2 Total securities with gross unrecognized losses $ 502 $ 2 $ 19,142 $ 767 $ 19,644 $ 769 Less than 12 Months More than 12 Months Total Fair Value Gross Unrecognized Losses Fair Value Gross Unrecognized Losses Fair Value Gross Unrecognized Losses (In Thousands) December 31, 2018 U.S. Government agencies $ — $ — $ 1,982 $ 18 $ 1,982 $ 18 Mortgage-backed securities 8 1 15,205 298 15,213 299 Corporate bonds 1,487 13 4,277 723 5,764 736 State and political subdivisions 180 1 853 6 1,033 7 Total securities with gross unrecognized losses $ 1,675 $ 15 $ 22,317 $ 1,045 $ 23,992 $ 1,060

Loans Receivable and Allowanc_2

Loans Receivable and Allowance for Credit Losses (Tables)	3 Months Ended
	Mar. 31, 2019
Receivables [Abstract]
Schedule of Loans Receivable	The composition of loans receivable at March 31, 2019 and December 31, 2018 was as follows: (In Thousands) March 31, 2019 December 31, 2018 Residential mortgage: One-to-four family $ 140,043 $ 143,391 Home equity 25,160 24,365 Total residential mortgages 165,203 167,756 Commercial loans: Commercial and multi-family real estate 206,653 212,606 Construction 37,319 29,628 Commercial and industrial - Secured 49,640 60,426 Commercial and industrial - Unsecured 53,791 48,176 Total commercial loans 347,403 350,836 Consumer: 470 540 Total loans receivable 513,076 519,132 Less: Loans in process 17,443 10,677 Deferred loan fees 530 501 Allowance for loan losses 5,658 5,655 Total adjustments 23,631 16,833 Loans receivable, net $ 489,445 $ 502,299
Allowance for Credit Losses on Financing Receivables	The following tables provide an analysis of the allowance for loan losses and the loan receivable recorded investments, by portfolio segment, segregated into the amount required for loans individually evaluated for impairment and the amount required for loans collectively evaluated for impairment as of March 31, 2019 and 2018 and loans individually evaluated for impairment and the amount required for loans collectively evaluated for impairment as of March 31, 2019 and December 31, 2018 : (In Thousands) Residential Mortgage Commercial and Multi-Family Real Estate Construction Commercial and Industrial Consumer Unallocated Total Three Months Ended March 31, 2019 Allowance for loan losses: Balance, beginning $ 2,115 $ 2,187 $ 222 $ 1,128 $ 3 $ — $ 5,655 Provisions (credits) (50 ) 137 (2 ) (85 ) — — — Loans charged-off — — — — (1 ) — (1 ) Recoveries 3 — — — 1 — 4 Balance, ending $ 2,068 $ 2,324 $ 220 $ 1,043 $ 3 $ — $ 5,658 March 31, 2019 allowance allocated to: Loans individually evaluated for impairment $ 250 $ 80 $ — $ 20 $ — $ — $ 350 Loans collectively evaluated for impairment 1,818 2,244 220 1,023 3 — 5,308 Ending Balance $ 2,068 $ 2,324 $ 220 $ 1,043 $ 3 $ — $ 5,658 March 31, 2019 loan balances evaluated for: Loans individually evaluated for impairment $ 11,634 $ 2,389 $ — $ 226 $ — $ — $ 14,249 Loans collectively evaluated for impairment 153,521 203,940 19,807 103,130 456 — 480,854 Ending Balance $ 165,155 $ 206,329 $ 19,807 $ 103,356 $ 456 $ — $ 495,103 (In Thousands) Residential Mortgage Commercial and Multi-Family Real Estate Construction Commercial and Industrial Consumer Unallocated Total Three Months Ended March 31, 2018 Allowance for loan losses: Balance, beginning $ 1,852 $ 2,267 $ 302 $ 710 $ 5 $ 278 $ 5,414 Provisions (credits) 141 7 19 64 — (141 ) 90 Loans charged-off — — — — (2 ) — (2 ) Recoveries 4 — — — — — 4 Balance, ending $ 1,997 $ 2,274 $ 321 $ 774 $ 3 $ 137 $ 5,506 March 31, 2018 allowance allocated to: Loans individually evaluated for impairment $ 35 $ — $ — $ 26 $ — $ — $ 61 Loans collectively evaluated for impairment 1,962 2,274 321 748 3 137 5,445 Ending Balance $ 1,997 $ 2,274 $ 321 $ 774 $ 3 $ 137 $ 5,506 March 31, 2018 loan balances evaluated for: Loans individually evaluated for impairment $ 11,430 $ 2,038 $ — $ 196 $ — $ — $ 13,664 Loans collectively evaluated for impairment 170,117 193,675 25,942 82,429 595 — 472,758 Ending Balance $ 181,547 $ 195,713 $ 25,942 $ 82,625 $ 595 $ — $ 486,422 (In Thousands) Residential Mortgage Commercial and Multi-Family Real Estate Construction Commercial and Industrial Consumer Unallocated Total At December 31, 2018 Period-end allowance balances: Loans individually evaluated for impairment $ 326 $ 69 $ — $ 20 $ — $ — $ 415 Loans collectively evaluated for impairment 1,789 2,118 222 1,108 3 — 5,240 Ending Balance $ 2,115 $ 2,187 $ 222 $ 1,128 $ 3 $ — $ 5,655 Period-end loan balances evaluated for: Loans individually evaluated for impairment $ 11,960 $ 2,411 $ — $ 243 $ — $ — $ 14,614 Loans collectively evaluated for impairment 155,746 209,879 18,905 108,270 540 — 493,340 Ending Balance $ 167,706 $ 212,290 $ 18,905 $ 108,513 $ 540 $ — $ 507,954
Schedule of Loans Receivable, by Aging Category	The following table represents the recorded investments in classes of the loans receivable portfolio summarized by aging categories of performing loans and nonaccrual loans as of March 31, 2019 and December 31, 2018 : (In Thousands) As of March 31, 2019 30-59 Days Past Due and Still Accruing 60-89 Days Past Due and Still Accruing Greater than 90 Days and Still Accruing Total Past Due and Still Accruing Accruing Current Balances Nonaccrual Loans Total Loans Receivables Residential Mortgage One-to-four family $ 1,921 $ 100 $ — $ 2,021 $ 135,939 $ 2,041 $ 140,001 Home equity 831 54 — 885 23,688 581 25,154 Commercial and multi-family real estate 293 — — 293 205,018 1,018 206,329 Construction — — — — 19,807 — 19,807 Commercial and industrial 39 — — 39 103,118 199 103,356 Consumer 5 — — 5 451 — 456 Total $ 3,089 $ 154 $ — $ 3,243 $ 488,021 $ 3,839 $ 495,103 (In Thousands) As of December 31, 2018 30-59 Days Past Due and Still Accruing 60-89 Days Past Due and Still Accruing Greater than 90 Days and Still Accruing Total Past Due and Still Accruing Accruing Current Balances Nonaccrual Loans Total Loans Receivables Residential Mortgage One-to-four family $ 1,328 $ 365 $ 2 $ 1,695 $ 139,371 $ 2,276 $ 143,342 Home equity 1,602 75 — 1,677 22,079 608 24,364 Commercial and multi-family real estate — — — — 211,258 1,032 212,290 Construction — — — — 18,905 — 18,905 Commercial and industrial — — — — 108,298 215 108,513 Consumer 1 — — 1 539 — 540 Total $ 2,931 $ 440 $ 2 $ 3,373 $ 500,450 $ 4,131 $ 507,954
Schedule of Impaired Loans	The following tables provide an analysis of the impaired loans at March 31, 2019 and December 31, 2018 and the average balances of such loans for the three months and year, respectively, then ended: (In Thousands) March 31, 2019 Recorded Investment Loans with No Related Reserve Loans with Related Reserve Related Reserve Contractual Principal Balance Average Recorded Investment Residential mortgage One-to-four family $ 9,933 $ 1,724 $ 8,209 $ 235 $ 10,625 $ 10,079 Home equity 1,701 544 1,157 15 1,803 1,718 Commercial and multi-family real estate 2,389 1,019 1,370 80 3,050 2,400 Construction — — — — — — Commercial and industrial 226 206 20 20 251 235 Consumer — — — — — — Total $ 14,249 $ 3,493 $ 10,756 $ 350 $ 15,729 $ 14,432 (In Thousands) December 31, 2018 Recorded Investment Loans with No Related Reserve Loans with Related Reserve Related Reserve Contractual Principal Balance Average Recorded Investment Residential mortgage One-to-four family $ 10,224 $ 1,956 $ 8,268 $ 298 $ 10,907 $ 10,392 Home equity 1,736 609 1,127 28 1,827 1,484 Commercial and multi-family real estate 2,411 1,405 1,006 69 3,067 2,059 Construction — — — — — — Commercial and industrial 243 223 20 20 262 149 Consumer — — — — — 1 Total $ 14,614 $ 4,193 $ 10,421 $ 415 $ 16,063 $ 14,085
Schedule of Loans Receivable, by Internal Risk Rating	The following table presents the recorded investment in classes of the loans receivable portfolio summarized by the aggregate "Pass" and the criticized categories of "Special Mention", "Substandard", "Doubtful" and "Loss" within the internal risk rating system as of March 31, 2019 and December 31, 2018 : (In Thousands) As of March 31, 2019 Pass Special Mention Substandard Doubtful Loss Total Commercial and multi-family real estate $ 203,106 $ 1,529 $ 1,694 $ — $ — $ 206,329 Construction 19,807 — — — — 19,807 Commercial and industrial 102,892 65 399 — — 103,356 Total $ 325,805 $ 1,594 $ 2,093 $ — $ — $ 329,492 (In Thousands) As of December 31, 2018 Pass Special Mention Substandard Doubtful Loss Total Commercial and multi-family real estate $ 209,206 $ 1,367 $ 1,717 $ — $ — $ 212,290 Construction 18,905 — — — — 18,905 Commercial and industrial 108,025 69 419 — — 108,513 Total $ 336,136 $ 1,436 $ 2,136 $ — $ — $ 339,708
Schedule of Financing Receivables, Non Accrual Status	Loans greater than 90 days past due are generally considered nonperforming and placed on nonaccrual status. (In Thousands) Residential mortgage Consumer Total Residential and Consumer Mar 31, 2019 Dec 31, 2018 Mar 31, 2019 Dec 31, 2018 Mar 31, 2019 Dec 31, 2018 Nonperforming $ 2,622 $ 2,884 $ — $ — $ 2,622 $ 2,884 Performing 162,533 164,822 456 540 162,989 165,362 Total $ 165,155 $ 167,706 $ 456 $ 540 $ 165,611 $ 168,246
Schedule of Loans Modified into Trouble Debt Restructurings	The following table summarizes the recorded investment class loans modified into TDRs during the three months ended March 31, 2018 : Three Months Ended March 31, 2018 Number of Contracts Pre-Modification Outstanding Recorded Investments Post-Modification Outstanding Recorded Investments (Dollars in thousands) Commercial and multi-family real estate 1 374 392 Total 1 $ 374 $ 392

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	3 Months Ended
	Mar. 31, 2019
Fair Value Disclosures [Abstract]
Schedule of Fair Value Measurements, Nonrecurring	The following table summarizes those assets measured at fair value on a non-recurring basis as of March 31, 2019 and December 31, 2018 : As of March 31, 2019 Level 1 Inputs Level 2 Inputs Level 3 Inputs Total Fair Value (In thousands) Impaired loans $ — $ — $ 347 $ 347 As of December 31, 2018 Level 1 Inputs Level 2 Inputs Level 3 Inputs Total Fair Value (In thousands) Impaired loans $ — $ — $ 350 $ 350
Summary of Significant Unobservable Inputs Used in Fair Value Measurements	For Level 3 assets measured at fair value on a non-recurring basis as of March 31, 2019 and December 31, 2018 , the significant unobservable inputs used in fair value measurements were as follows: As of March 31, 2019 Fair Value Valuation Techniques Unobservable Input Range (Weighted Average) (Dollars in thousands) Impaired loans $ 347 Appraisal of collateral Appraisal adjustments 0% (0%) Liquidation expense 7.3% (7.3%) As of December 31, 2018 Fair Value Valuation Techniques Unobservable Input Range (Weighted Average) (Dollars in thousands) Impaired loans $ 350 Appraisal of collateral Appraisal adjustments 0% (0%) Liquidation expense 7.3% (7.3%)
Schedule of Fair Value, by Balance Sheet Grouping	The carrying amount and fair value (represents exit price) of financial instruments, at March 31, 2019 and December 31, 2018 were as follows: Carrying Fair Level 1 Level 2 Level 3 As of March 31, 2019 Amount Value Inputs Inputs Inputs (In thousands) Financial assets: Cash and due from banks $ 10,811 $ 10,811 $ 10,811 $ — $ — Securities held to maturity 36,982 36,444 — 36,444 — Loans receivable (1) 489,445 481,335 — — 481,335 Accrued interest receivable 1,772 1,772 — 177 1,595 Financial liabilities: Deposits 432,754 433,745 — 433,745 — Advances from Federal Home Loan Bank of New York 64,275 62,844 — 62,844 — Advance payments by borrowers for taxes and insurance 719 719 — 719 — Accrued interest payable 92 92 — 92 — As of December 31, 2018 Financial assets: Cash and due from banks $ 11,800 $ 11,800 $ 11,800 $ — $ — Securities held to maturity 39,476 38,569 — 38,569 — Loans receivable (1) 502,299 490,177 — — 490,177 Accrued interest receivable 1,615 1,615 — 111 1,504 Financial liabilities: Deposits 420,579 421,164 — 421,164 — Advances from Federal Home Loan Bank of New York 94,275 93,839 — 93,839 — Advance payments by borrowers for taxes and insurance 749 749 — 749 — Accrued interest payable 86 86 — 86 — (1) Includes impaired loans measured at fair value on a non-recurring basis as discussed above.

Leases (Tables)

Leases (Tables)	3 Months Ended
	Mar. 31, 2019
Leases [Abstract]
Lease, Cost	Lease costs were as follows: Three months ended March 31, (Dollars in thousands) 2019 Operating lease cost $76 Short-term lease cost 46 Total lease Cost $122
Maturity Analysis of Operating Lease Liabilities	A maturity analysis of operating lease liabilities and reconciliation of the undiscounted cash flows to the total operating lease liability is as follows: Three months ended March 31, (Dollars in thousands) 2019 Lease payments due: Within one year $329 After one but within two years 333 After two but within three years 254 After three but within four years 199 After five years 306 Total undiscounted cash flows 1,421 Discount on cash flows (237 ) Total lease liability $1,184

Basis of Consolidated Financi_2

Basis of Consolidated Financial Statement Presentation (Details) - USD ($) $ in Thousands	Mar. 31, 2019	Jan. 01, 2019
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Right of use asset	$ 1,100	$ 1,200
Total lease liability	$ 1,184	$ 1,200

Earnings Per Share - Computatio

Earnings Per Share - Computation of Basic and Diluted Earnings Per Share (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Numerator:
Net income	$ 514	$ 1,022
Denominator:
Weighted average common shares (in shares)	5,198,000	5,470,000
Dilutive potential common shares (in shares)	39,000	37,000
Weighted average fully diluted shares (in shares)	5,237,000	5,507,000
Earnings per share:
Basic (in dollars per share)	$ 0.10	$ 0.19
Dilutive (in dollars per share)	$ 0.10	$ 0.19
Anti-dilutive securities (in shares)	0	0

Securities Held to Maturity - H

Securities Held to Maturity - Held-to-maturity Securities by Contractual Maturity (Details) - USD ($) $ in Thousands	Mar. 31, 2019	Dec. 31, 2018
Schedule of Held-to-maturity Securities [Line Items]
Amortized cost	$ 36,982	$ 39,476
Gross unrecognized gains	231	153
Gross unrecognized losses	769	1,060
Estimated fair value	36,444	38,569
U.S. Government Agencies
Schedule of Held-to-maturity Securities [Line Items]
Amortized cost, due within one year	2,000	2,000
Gross unrecognized gains, due within one year	0	0
Gross unrecognized losses, due within one year	10	18
Estimated fair value, due within one year	1,990	1,982
Amortized cost, due after one year to five years	0	0
Gross unrecognized gains, due after one year to five years	0	0
Gross unrecognized losses, due after one year to five years	0	0
Estimated fair value, due after one year to five years	0	0
Amortized cost, due after five through ten years	3,000	3,000
Gross unrecognized gains, due after five through ten years	3	2
Gross unrecognized losses, due after five through ten years	0	0
Estimated fair value, due after five through ten years	3,003	3,002
Amortized cost, due after ten years	3,000	3,000
Gross unrecognized gains, due after ten years	6	9
Gross unrecognized losses, due after ten years	0	0
Estimated fair value, due after ten years	3,006	3,009
Amortized cost	8,000	8,000
Gross unrecognized gains	9	11
Gross unrecognized losses	10	18
Estimated fair value	7,999	7,993
Mortgage-backed Securities
Schedule of Held-to-maturity Securities [Line Items]
Amortized cost, without single maturity date	21,443	23,936
Gross unrecognized gains, without single maturity date	214	142
Gross unrecognized losses, without single maturity date	160	299
Estimated fair value, without single maturity date	21,497	23,779
Corporate Bonds
Schedule of Held-to-maturity Securities [Line Items]
Amortized cost, due within one year	0	0
Gross unrecognized gains, due within one year	0	0
Gross unrecognized losses, due within one year	0	0
Estimated fair value, due within one year	0	0
Amortized cost, due after one year to five years	1,500	1,500
Gross unrecognized gains, due after one year to five years	1	0
Gross unrecognized losses, due after one year to five years	1	13
Estimated fair value, due after one year to five years	1,500	1,487
Amortized cost, due after five through ten years	1,000	1,000
Gross unrecognized gains, due after five through ten years	0	0
Gross unrecognized losses, due after five through ten years	69	90
Estimated fair value, due after five through ten years	931	910
Amortized cost, due after ten years	4,000	4,000
Gross unrecognized gains, due after ten years	0	0
Gross unrecognized losses, due after ten years	527	633
Estimated fair value, due after ten years	3,473	3,367
Amortized cost	6,500	6,500
Gross unrecognized gains	1	0
Gross unrecognized losses	597	736
Estimated fair value	5,904	5,764
State and Political Subdivisions
Schedule of Held-to-maturity Securities [Line Items]
Amortized cost, due within one year	161	161
Gross unrecognized gains, due within one year	1	0
Gross unrecognized losses, due within one year	1	1
Estimated fair value, due within one year	161	160
Amortized cost, due after one year to five years	696	697
Gross unrecognized gains, due after one year to five years	3	0
Gross unrecognized losses, due after one year to five years	0	5
Estimated fair value, due after one year to five years	699	692
Amortized cost, due after five through ten years	182	182
Gross unrecognized gains, due after five through ten years	3	0
Gross unrecognized losses, due after five through ten years	1	1
Estimated fair value, due after five through ten years	184	181
Amortized cost	1,039	1,040
Gross unrecognized gains	7	0
Gross unrecognized losses	2	7
Estimated fair value	$ 1,044	$ 1,033

Securities Held to Maturity (De

Securities Held to Maturity (Details)	3 Months Ended
	Mar. 31, 2019USD ($)bondcertificate_of_depositsecurity	Mar. 31, 2018USD ($)	Dec. 31, 2018bondcertificate_of_depositsecurity
Schedule of Held-to-maturity Securities [Line Items]
Sale of HTM securities | $	$ 0	$ 0
U.S. Government Agencies
Schedule of Held-to-maturity Securities [Line Items]
Number of HTM securities in an unrealized loss position | bond	2		2
Mortgage-backed Securities
Schedule of Held-to-maturity Securities [Line Items]
Number of HTM securities in an unrealized loss position	16		20
Corporate Bonds
Schedule of Held-to-maturity Securities [Line Items]
Number of HTM securities in an unrealized loss position | certificate_of_deposit	4		5
State and Political Subdivisions
Schedule of Held-to-maturity Securities [Line Items]
Number of HTM securities in an unrealized loss position | security	2		6

Securities Held to Maturity -_2

Securities Held to Maturity - Held-to-maturity Securities in Unrealized Loss Positions (Details) - USD ($) $ in Thousands	Mar. 31, 2019	Dec. 31, 2018
Schedule of Held-to-maturity Securities [Line Items]
Securities in an unrealized loss position, less than 12 months, fair value	$ 502	$ 1,675
Securities in an unrealized loss position, less than 12 months, gross unrealized losses	2	15
Securities in an unrealized loss position, more than 12 months, fair value	19,142	22,317
Securities in an unrealized loss position, more than 12 months, gross unrealized losses	767	1,045
Securities in an unrealized loss position, fair value	19,644	23,992
Securities in an unrealized loss position, gross unrealized losses	769	1,060
U.S. Government Agencies
Schedule of Held-to-maturity Securities [Line Items]
Securities in an unrealized loss position, less than 12 months, fair value	0	0
Securities in an unrealized loss position, less than 12 months, gross unrealized losses	0	0
Securities in an unrealized loss position, more than 12 months, fair value	1,990	1,982
Securities in an unrealized loss position, more than 12 months, gross unrealized losses	10	18
Securities in an unrealized loss position, fair value	1,990	1,982
Securities in an unrealized loss position, gross unrealized losses	10	18
Mortgage-backed Securities
Schedule of Held-to-maturity Securities [Line Items]
Securities in an unrealized loss position, less than 12 months, fair value	2	8
Securities in an unrealized loss position, less than 12 months, gross unrealized losses	1	1
Securities in an unrealized loss position, more than 12 months, fair value	12,417	15,205
Securities in an unrealized loss position, more than 12 months, gross unrealized losses	159	298
Securities in an unrealized loss position, fair value	12,419	15,213
Securities in an unrealized loss position, gross unrealized losses	160	299
Corporate Bonds
Schedule of Held-to-maturity Securities [Line Items]
Securities in an unrealized loss position, less than 12 months, fair value	500	1,487
Securities in an unrealized loss position, less than 12 months, gross unrealized losses	1	13
Securities in an unrealized loss position, more than 12 months, fair value	4,403	4,277
Securities in an unrealized loss position, more than 12 months, gross unrealized losses	596	723
Securities in an unrealized loss position, fair value	4,903	5,764
Securities in an unrealized loss position, gross unrealized losses	597	736
State and Political Subdivisions
Schedule of Held-to-maturity Securities [Line Items]
Securities in an unrealized loss position, less than 12 months, fair value	0	180
Securities in an unrealized loss position, less than 12 months, gross unrealized losses	0	1
Securities in an unrealized loss position, more than 12 months, fair value	332	853
Securities in an unrealized loss position, more than 12 months, gross unrealized losses	2	6
Securities in an unrealized loss position, fair value	332	1,033
Securities in an unrealized loss position, gross unrealized losses	$ 2	$ 7

Loans Receivable and Allowanc_3

Loans Receivable and Allowance for Credit Losses - Composition of Total Loans Receivable (Details) - USD ($) $ in Thousands	Mar. 31, 2019	Dec. 31, 2018
Loans and Leases Receivable Disclosure [Line Items]
Loans receivable, gross	$ 513,076	$ 519,132
Loans in process	17,443	10,677
Deferred loan fees	530	501
Allowance for loan losses	5,658	5,655
Total adjustments	23,631	16,833
Loans receivable, net	489,445	502,299
Residential Mortgage
Loans and Leases Receivable Disclosure [Line Items]
Loans receivable, gross	165,203	167,756
Residential Mortgage | One-to-Four Family
Loans and Leases Receivable Disclosure [Line Items]
Loans receivable, gross	140,043	143,391
Residential Mortgage | Home Equity Loan
Loans and Leases Receivable Disclosure [Line Items]
Loans receivable, gross	25,160	24,365
Commercial and Multi-Family Real Estate
Loans and Leases Receivable Disclosure [Line Items]
Loans receivable, gross	206,653	212,606
Construction
Loans and Leases Receivable Disclosure [Line Items]
Loans receivable, gross	37,319	29,628
Commercial and industrial - Secured
Loans and Leases Receivable Disclosure [Line Items]
Loans receivable, gross	49,640	60,426
Commercial and industrial - Unsecured
Loans and Leases Receivable Disclosure [Line Items]
Loans receivable, gross	53,791	48,176
Total Commercial Loans
Loans and Leases Receivable Disclosure [Line Items]
Loans receivable, gross	347,403	350,836
Consumer
Loans and Leases Receivable Disclosure [Line Items]
Loans receivable, gross	$ 470	$ 540

Loans Receivable and Allowanc_4

Loans Receivable and Allowance for Credit Losses - Allowance for Loan Losses (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018	Dec. 31, 2018
Financing Receivable, Allowance for Credit Losses [Roll Forward]
Balance, beginning	$ 5,655	$ 5,414
Provisions (credits)	0	90
Loans charged-off	(1)	(2)
Recoveries	4	4
Balance, ending	5,658	5,506
Financing Receivable, Allowance for Credit Loss, Additional Information [Abstract]
Period-end allowance allocated to loans individually evaluated for impairment	350	61	$ 415
Period-end allowance allocated to loans collectively evaluated for impairment	5,308	5,445	5,240
Period-end loan balances evaluated for loans individually evaluated for impairment	14,249	13,664	14,614
Period-end loan balances evaluated for loans collectively evaluated for impairment	480,854	472,758	493,340
Total loans receivables	495,103	486,422	507,954
Residential Mortgage
Financing Receivable, Allowance for Credit Losses [Roll Forward]
Balance, beginning	2,115	1,852
Provisions (credits)	(50)	141
Loans charged-off	0	0
Recoveries	3	4
Balance, ending	2,068	1,997
Financing Receivable, Allowance for Credit Loss, Additional Information [Abstract]
Period-end allowance allocated to loans individually evaluated for impairment	250	35	326
Period-end allowance allocated to loans collectively evaluated for impairment	1,818	1,962	1,789
Period-end loan balances evaluated for loans individually evaluated for impairment	11,634	11,430	11,960
Period-end loan balances evaluated for loans collectively evaluated for impairment	153,521	170,117	155,746
Total loans receivables	165,155	181,547	167,706
Commercial and Multi-Family Real Estate
Financing Receivable, Allowance for Credit Losses [Roll Forward]
Balance, beginning	2,187	2,267
Provisions (credits)	137	7
Loans charged-off	0	0
Recoveries	0	0
Balance, ending	2,324	2,274
Financing Receivable, Allowance for Credit Loss, Additional Information [Abstract]
Period-end allowance allocated to loans individually evaluated for impairment	80	0	69
Period-end allowance allocated to loans collectively evaluated for impairment	2,244	2,274	2,118
Period-end loan balances evaluated for loans individually evaluated for impairment	2,389	2,038	2,411
Period-end loan balances evaluated for loans collectively evaluated for impairment	203,940	193,675	209,879
Total loans receivables	206,329	195,713	212,290
Construction
Financing Receivable, Allowance for Credit Losses [Roll Forward]
Balance, beginning	222	302
Provisions (credits)	(2)	19
Loans charged-off	0	0
Recoveries	0	0
Balance, ending	220	321
Financing Receivable, Allowance for Credit Loss, Additional Information [Abstract]
Period-end allowance allocated to loans individually evaluated for impairment	0	0	0
Period-end allowance allocated to loans collectively evaluated for impairment	220	321	222
Period-end loan balances evaluated for loans individually evaluated for impairment	0	0	0
Period-end loan balances evaluated for loans collectively evaluated for impairment	19,807	25,942	18,905
Total loans receivables	19,807	25,942	18,905
Commercial and Industrial
Financing Receivable, Allowance for Credit Losses [Roll Forward]
Balance, beginning	1,128	710
Provisions (credits)	(85)	64
Loans charged-off	0	0
Recoveries	0	0
Balance, ending	1,043	774
Financing Receivable, Allowance for Credit Loss, Additional Information [Abstract]
Period-end allowance allocated to loans individually evaluated for impairment	20	26	20
Period-end allowance allocated to loans collectively evaluated for impairment	1,023	748	1,108
Period-end loan balances evaluated for loans individually evaluated for impairment	226	196	243
Period-end loan balances evaluated for loans collectively evaluated for impairment	103,130	82,429	108,270
Total loans receivables	103,356	82,625	108,513
Consumer
Financing Receivable, Allowance for Credit Losses [Roll Forward]
Balance, beginning	3	5
Provisions (credits)	0	0
Loans charged-off	(1)	(2)
Recoveries	1	0
Balance, ending	3	3
Financing Receivable, Allowance for Credit Loss, Additional Information [Abstract]
Period-end allowance allocated to loans individually evaluated for impairment	0	0	0
Period-end allowance allocated to loans collectively evaluated for impairment	3	3	3
Period-end loan balances evaluated for loans individually evaluated for impairment	0	0	0
Period-end loan balances evaluated for loans collectively evaluated for impairment	456	595	540
Total loans receivables	456	595	540
Unallocated
Financing Receivable, Allowance for Credit Losses [Roll Forward]
Balance, beginning	0	278
Provisions (credits)	0	(141)
Loans charged-off	0	0
Recoveries	0	0
Balance, ending	0	137
Financing Receivable, Allowance for Credit Loss, Additional Information [Abstract]
Period-end allowance allocated to loans individually evaluated for impairment	0	0	0
Period-end allowance allocated to loans collectively evaluated for impairment	0	137	0
Period-end loan balances evaluated for loans individually evaluated for impairment	0	0	0
Period-end loan balances evaluated for loans collectively evaluated for impairment	0	0	0
Total loans receivables	$ 0	$ 0	$ 0

Loans Receivable and Allowanc_5

Loans Receivable and Allowance for Credit Losses - Past Due Financing Receivables (Details) - USD ($) $ in Thousands	Mar. 31, 2019	Dec. 31, 2018	Mar. 31, 2018
Financing Receivable, Recorded Investment, Past Due [Line Items]
Loans receivable, past due	$ 3,243	$ 3,373
Accruing current balances	488,021	500,450
Nonaccrual loans	3,839	4,131
Total loans receivables	495,103	507,954	$ 486,422
30-59 Days Past Due and Still Accruing
Financing Receivable, Recorded Investment, Past Due [Line Items]
Loans receivable, past due	3,089	2,931
60-89 Days Past Due and Still Accruing
Financing Receivable, Recorded Investment, Past Due [Line Items]
Loans receivable, past due	154	440
Greater than 90 Days and Still Accruing
Financing Receivable, Recorded Investment, Past Due [Line Items]
Loans receivable, past due	0	2
Residential Mortgage
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total loans receivables	165,155	167,706	181,547
Residential Mortgage | One-to-Four Family
Financing Receivable, Recorded Investment, Past Due [Line Items]
Loans receivable, past due	2,021	1,695
Accruing current balances	135,939	139,371
Nonaccrual loans	2,041	2,276
Total loans receivables	140,001	143,342
Residential Mortgage | One-to-Four Family | 30-59 Days Past Due and Still Accruing
Financing Receivable, Recorded Investment, Past Due [Line Items]
Loans receivable, past due	1,921	1,328
Residential Mortgage | One-to-Four Family | 60-89 Days Past Due and Still Accruing
Financing Receivable, Recorded Investment, Past Due [Line Items]
Loans receivable, past due	100	365
Residential Mortgage | One-to-Four Family | Greater than 90 Days and Still Accruing
Financing Receivable, Recorded Investment, Past Due [Line Items]
Loans receivable, past due	0	2
Residential Mortgage | Home Equity Loan
Financing Receivable, Recorded Investment, Past Due [Line Items]
Loans receivable, past due	885	1,677
Accruing current balances	23,688	22,079
Nonaccrual loans	581	608
Total loans receivables	25,154	24,364
Residential Mortgage | Home Equity Loan | 30-59 Days Past Due and Still Accruing
Financing Receivable, Recorded Investment, Past Due [Line Items]
Loans receivable, past due	831	1,602
Residential Mortgage | Home Equity Loan | 60-89 Days Past Due and Still Accruing
Financing Receivable, Recorded Investment, Past Due [Line Items]
Loans receivable, past due	54	75
Residential Mortgage | Home Equity Loan | Greater than 90 Days and Still Accruing
Financing Receivable, Recorded Investment, Past Due [Line Items]
Loans receivable, past due	0	0
Commercial and Multi-Family Real Estate
Financing Receivable, Recorded Investment, Past Due [Line Items]
Loans receivable, past due	293	0
Accruing current balances	205,018	211,258
Nonaccrual loans	1,018	1,032
Total loans receivables	206,329	212,290	195,713
Commercial and Multi-Family Real Estate | 30-59 Days Past Due and Still Accruing
Financing Receivable, Recorded Investment, Past Due [Line Items]
Loans receivable, past due	293	0
Commercial and Multi-Family Real Estate | 60-89 Days Past Due and Still Accruing
Financing Receivable, Recorded Investment, Past Due [Line Items]
Loans receivable, past due	0	0
Commercial and Multi-Family Real Estate | Greater than 90 Days and Still Accruing
Financing Receivable, Recorded Investment, Past Due [Line Items]
Loans receivable, past due	0	0
Construction
Financing Receivable, Recorded Investment, Past Due [Line Items]
Loans receivable, past due	0	0
Accruing current balances	19,807	18,905
Nonaccrual loans	0	0
Total loans receivables	19,807	18,905	25,942
Construction | 30-59 Days Past Due and Still Accruing
Financing Receivable, Recorded Investment, Past Due [Line Items]
Loans receivable, past due	0	0
Construction | 60-89 Days Past Due and Still Accruing
Financing Receivable, Recorded Investment, Past Due [Line Items]
Loans receivable, past due	0	0
Construction | Greater than 90 Days and Still Accruing
Financing Receivable, Recorded Investment, Past Due [Line Items]
Loans receivable, past due	0	0
Commercial and Industrial
Financing Receivable, Recorded Investment, Past Due [Line Items]
Loans receivable, past due	39	0
Accruing current balances	103,118	108,298
Nonaccrual loans	199	215
Total loans receivables	103,356	108,513	82,625
Commercial and Industrial | 30-59 Days Past Due and Still Accruing
Financing Receivable, Recorded Investment, Past Due [Line Items]
Loans receivable, past due	39	0
Commercial and Industrial | 60-89 Days Past Due and Still Accruing
Financing Receivable, Recorded Investment, Past Due [Line Items]
Loans receivable, past due	0	0
Commercial and Industrial | Greater than 90 Days and Still Accruing
Financing Receivable, Recorded Investment, Past Due [Line Items]
Loans receivable, past due	0	0
Consumer
Financing Receivable, Recorded Investment, Past Due [Line Items]
Loans receivable, past due	5	1
Accruing current balances	451	539
Nonaccrual loans	0	0
Total loans receivables	456	540	$ 595
Consumer | 30-59 Days Past Due and Still Accruing
Financing Receivable, Recorded Investment, Past Due [Line Items]
Loans receivable, past due	5	1
Consumer | 60-89 Days Past Due and Still Accruing
Financing Receivable, Recorded Investment, Past Due [Line Items]
Loans receivable, past due	0	0
Consumer | Greater than 90 Days and Still Accruing
Financing Receivable, Recorded Investment, Past Due [Line Items]
Loans receivable, past due	$ 0	$ 0

Loans Receivable and Allowanc_6

Loans Receivable and Allowance for Credit Losses - Impaired Loans by Class (Details) - USD ($) $ in Thousands	3 Months Ended		12 Months Ended
	Mar. 31, 2019	Mar. 31, 2018	Dec. 31, 2018
Financing Receivable, Impaired [Line Items]
Recorded investment	$ 14,249		$ 14,614
Loans with no related reserve	3,493		4,193
Loans with related reserve	10,756		10,421
Related reserve	350		415
Contractual principal balance	15,729		16,063
Average recorded investment	14,432		14,085
Troubled debt restructuring loans	11,300		11,400
Interest income recognized on impaired loans	122		116
Average balance of impaired loans	14,200	$ 14,300
Residential Mortgage | One-to-Four Family
Financing Receivable, Impaired [Line Items]
Recorded investment	9,933		10,224
Loans with no related reserve	1,724		1,956
Loans with related reserve	8,209		8,268
Related reserve	235		298
Contractual principal balance	10,625		10,907
Average recorded investment	10,079		10,392
Residential Mortgage | Home Equity Loan
Financing Receivable, Impaired [Line Items]
Recorded investment	1,701		1,736
Loans with no related reserve	544		609
Loans with related reserve	1,157		1,127
Related reserve	15		28
Contractual principal balance	1,803		1,827
Average recorded investment	1,718		1,484
Commercial and Multi-Family Real Estate
Financing Receivable, Impaired [Line Items]
Recorded investment	2,389		2,411
Loans with no related reserve	1,019		1,405
Loans with related reserve	1,370		1,006
Related reserve	80		69
Contractual principal balance	3,050		3,067
Average recorded investment	2,400		2,059
Construction
Financing Receivable, Impaired [Line Items]
Recorded investment	0		0
Loans with no related reserve	0		0
Loans with related reserve	0		0
Related reserve	0		0
Contractual principal balance	0		0
Average recorded investment	0		0
Commercial and Industrial
Financing Receivable, Impaired [Line Items]
Recorded investment	226		243
Loans with no related reserve	206		223
Loans with related reserve	20		20
Related reserve	20		20
Contractual principal balance	251		262
Average recorded investment	235		149
Consumer
Financing Receivable, Impaired [Line Items]
Recorded investment	0		0
Loans with no related reserve	0		0
Loans with related reserve	0		0
Related reserve	0		0
Contractual principal balance	0		0
Average recorded investment	0		1
Performing
Financing Receivable, Impaired [Line Items]
Troubled debt restructuring loans	$ 10,400		$ 10,500

Loans Receivable and Allowanc_7

Loans Receivable and Allowance for Credit Losses - Financing Receivable Credit Quality Indicators (Details) - USD ($) $ in Thousands	Mar. 31, 2019	Dec. 31, 2018
Financing Receivable, Recorded Investment [Line Items]
Total loans	$ 329,492	$ 339,708
Pass
Financing Receivable, Recorded Investment [Line Items]
Total loans	325,805	336,136
Special Mention
Financing Receivable, Recorded Investment [Line Items]
Total loans	1,594	1,436
Substandard
Financing Receivable, Recorded Investment [Line Items]
Total loans	2,093	2,136
Doubtful
Financing Receivable, Recorded Investment [Line Items]
Total loans	0	0
Loss
Financing Receivable, Recorded Investment [Line Items]
Total loans	0	0
Commercial and Multi-Family Real Estate
Financing Receivable, Recorded Investment [Line Items]
Total loans	206,329	212,290
Commercial and Multi-Family Real Estate | Pass
Financing Receivable, Recorded Investment [Line Items]
Total loans	203,106	209,206
Commercial and Multi-Family Real Estate | Special Mention
Financing Receivable, Recorded Investment [Line Items]
Total loans	1,529	1,367
Commercial and Multi-Family Real Estate | Substandard
Financing Receivable, Recorded Investment [Line Items]
Total loans	1,694	1,717
Commercial and Multi-Family Real Estate | Doubtful
Financing Receivable, Recorded Investment [Line Items]
Total loans	0	0
Commercial and Multi-Family Real Estate | Loss
Financing Receivable, Recorded Investment [Line Items]
Total loans	0	0
Construction
Financing Receivable, Recorded Investment [Line Items]
Total loans	19,807	18,905
Construction | Pass
Financing Receivable, Recorded Investment [Line Items]
Total loans	19,807	18,905
Construction | Special Mention
Financing Receivable, Recorded Investment [Line Items]
Total loans	0	0
Construction | Substandard
Financing Receivable, Recorded Investment [Line Items]
Total loans	0	0
Construction | Doubtful
Financing Receivable, Recorded Investment [Line Items]
Total loans	0	0
Construction | Loss
Financing Receivable, Recorded Investment [Line Items]
Total loans	0	0
Commercial and Industrial
Financing Receivable, Recorded Investment [Line Items]
Total loans	103,356	108,513
Commercial and Industrial | Pass
Financing Receivable, Recorded Investment [Line Items]
Total loans	102,892	108,025
Commercial and Industrial | Special Mention
Financing Receivable, Recorded Investment [Line Items]
Total loans	65	69
Commercial and Industrial | Substandard
Financing Receivable, Recorded Investment [Line Items]
Total loans	399	419
Commercial and Industrial | Doubtful
Financing Receivable, Recorded Investment [Line Items]
Total loans	0	0
Commercial and Industrial | Loss
Financing Receivable, Recorded Investment [Line Items]
Total loans	$ 0	$ 0

Loans Receivable and Allowanc_8

Loans Receivable and Allowance for Credit Losses - Impaired Financing Receivable Performance Status (Details) - USD ($) $ in Thousands	Mar. 31, 2019	Dec. 31, 2018	Mar. 31, 2018
Financing Receivable, Impaired [Line Items]
Total loans	$ 495,103	$ 507,954	$ 486,422
Residential Mortgage
Financing Receivable, Impaired [Line Items]
Total loans	165,155	167,706	181,547
Consumer
Financing Receivable, Impaired [Line Items]
Total loans	456	540	$ 595
Total Residential and Consumer
Financing Receivable, Impaired [Line Items]
Total loans	165,611	168,246
Nonperforming | Residential Mortgage
Financing Receivable, Impaired [Line Items]
Total loans	2,622	2,884
Nonperforming | Consumer
Financing Receivable, Impaired [Line Items]
Total loans	0	0
Nonperforming | Total Residential and Consumer
Financing Receivable, Impaired [Line Items]
Total loans	2,622	2,884
Performing | Residential Mortgage
Financing Receivable, Impaired [Line Items]
Total loans	162,533	164,822
Performing | Consumer
Financing Receivable, Impaired [Line Items]
Total loans	456	540
Performing | Total Residential and Consumer
Financing Receivable, Impaired [Line Items]
Total loans	$ 162,989	$ 165,362

Loans Receivable and Allowanc_9

Loans Receivable and Allowance for Credit Losses - Troubled Debt Restructurings (Details)	3 Months Ended
	Mar. 31, 2019USD ($)loan	Mar. 31, 2018USD ($)	Mar. 31, 2018USD ($)loan	Mar. 31, 2018USD ($)contract	Dec. 31, 2018USD ($)
Financing Receivable, Modifications [Line Items]
Troubled debt restructuring loans	$ 11,300,000				$ 11,400,000
Number of contracts	0		1	1
Number of troubled debt restructurings into which loans were modified | loan			1
Pre-modification outstanding recorded investments		$ 374,000
Post-modification outstanding recorded investments		392,000
Loans modified in TDRs during period of subsequent payment default | loan	0		0
OREO properties	$ 0	0	$ 0	$ 0
Consumer loans collateralized by property in process of foreclosure	691,000				708,000
Commercial and Multi-Family Real Estate
Financing Receivable, Modifications [Line Items]
Number of contracts | contract				1
Pre-modification outstanding recorded investments		374,000
Post-modification outstanding recorded investments		$ 392,000
Nonperforming
Financing Receivable, Modifications [Line Items]
Troubled debt restructuring loans	873,000				915,000
Performing
Financing Receivable, Modifications [Line Items]
Troubled debt restructuring loans	$ 10,400,000				$ 10,500,000

Fair Value Measurements - Fair

Fair Value Measurements - Fair Value Assets Measured on Nonrecurring Basis (Details) - Fair Value Measurements, Nonrecurring - USD ($) $ in Thousands	Mar. 31, 2019	Dec. 31, 2018
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Impaired loans	$ 347	$ 350
Level 1 Inputs
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Impaired loans	0	0
Level 2 Inputs
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Impaired loans	0	0
Level 3 Inputs
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Impaired loans	$ 347	$ 350

Fair Value Measurements - Addit

Fair Value Measurements - Additional Qualitative Information About Level 3 Assets (Details) - Fair Value, Inputs, Level 3 - USD ($) $ in Thousands	3 Months Ended	12 Months Ended
	Mar. 31, 2019	Dec. 31, 2018
Appraisal Adjustments
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Fair value estimate	$ 347	$ 350
Range	0.00%	0.00%
Appraisal Adjustments | Weighted Average
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Range	0.00%	0.00%
Liquidation Expenses
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Range	7.30%	7.30%
Liquidation Expenses | Weighted Average
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Range	7.30%	7.30%

Fair Value Measurements - Fai_2

Fair Value Measurements - Fair Value, Assets and Liabilities (Details) - USD ($) $ in Thousands	Mar. 31, 2019	Dec. 31, 2018
Financial assets:
Cash and due from banks	$ 10,811	$ 11,800
Securities held to maturity	36,444	38,569
Accrued interest receivable	1,772	1,615
Advance payments by borrowers for taxes and insurance	719	749
Financial liabilities:
Deposits	432,754	420,579
Advances from Federal Home Loan Bank of New York	64,275	94,275
Carrying Amount
Financial assets:
Cash and due from banks	10,811	11,800
Securities held to maturity	36,982	39,476
Loans receivable	489,445	502,299
Accrued interest receivable	1,772	1,615
Advance payments by borrowers for taxes and insurance	110	749
Financial liabilities:
Deposits	432,754	420,579
Advances from Federal Home Loan Bank of New York	64,275	94,275
Accrued interest payable	92	86
Fair Value
Financial assets:
Cash and due from banks	10,811	11,800
Securities held to maturity	36,444	38,569
Loans receivable	481,335	490,177
Accrued interest receivable	1,772	1,615
Advance payments by borrowers for taxes and insurance	110	749
Financial liabilities:
Deposits	433,745	421,164
Advances from Federal Home Loan Bank of New York	62,844	93,839
Accrued interest payable	92	86
Fair Value | Level 1 Inputs
Financial assets:
Cash and due from banks	10,811	11,800
Securities held to maturity	0	0
Loans receivable	0	0
Accrued interest receivable	0	0
Advance payments by borrowers for taxes and insurance	0	0
Financial liabilities:
Deposits	0	0
Advances from Federal Home Loan Bank of New York	0	0
Accrued interest payable	0	0
Fair Value | Level 2 Inputs
Financial assets:
Cash and due from banks	0	0
Securities held to maturity	36,444	38,569
Loans receivable	0	0
Accrued interest receivable	177	111
Advance payments by borrowers for taxes and insurance	110	749
Financial liabilities:
Deposits	433,745	421,164
Advances from Federal Home Loan Bank of New York	62,844	93,839
Accrued interest payable	92	86
Fair Value | Level 3 Inputs
Financial assets:
Cash and due from banks	0	0
Securities held to maturity	0	0
Loans receivable	481,335	490,177
Accrued interest receivable	1,595	1,504
Advance payments by borrowers for taxes and insurance	0	0
Financial liabilities:
Deposits	0	0
Advances from Federal Home Loan Bank of New York	0	0
Accrued interest payable	$ 0	$ 0

Leases (Details)

Leases (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018	Jan. 01, 2019
Leases [Abstract]
Operating lease liability	$ 1,184		$ 1,200
Right of use asset	$ 1,100		$ 1,200
Weighted average remaining lease term (in years)	4 years 9 months 18 days
Weighted average discount rate	3.14%
Rent expense		$ 128

Premises and Equipment - Lease

Premises and Equipment - Lease Cost (Details) $ in Thousands	3 Months Ended
	Mar. 31, 2019USD ($)
Leases [Abstract]
Operating lease cost	$ 76
Short-term lease cost	46
Total lease Cost	$ 122

Leases Premises and Equipment -

Leases Premises and Equipment - Maturity of Lease Payments (Details) - USD ($) $ in Thousands	Mar. 31, 2019	Jan. 01, 2019
Lease payments due:
Within one year	$ 329
After one but within two years	333
After two but within three years	254
After three but within four years	199
After five years	306
Total undiscounted cash flows	1,421
Discount on cash flows	(237)
Total lease liability	$ 1,184	$ 1,200