Eagle Financial Bancorp (EFBI) 10-Q 23 Jun 17 2017 Q1 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	3 Months Ended
	Mar. 31, 2017	Jun. 23, 2017
Document And Entity Information [Abstract]
Entity Registrant Name	Eagle Financial Bancorp, Inc.
Entity Central Index Key	1,699,018
Trading Symbol	efbi
Current Fiscal Year End Date	--12-31
Entity Filer Category	Smaller Reporting Company
Entity Common Stock, Shares Outstanding		0
Document Type	10-Q
Document Period End Date	Mar. 31, 2017
Amendment Flag	false
Document Fiscal Year Focus	2,017
Document Fiscal Period Focus	Q1

Condensed Balance Sheets (Unaud

Condensed Balance Sheets (Unaudited) - USD ($) $ in Thousands	Mar. 31, 2017	Dec. 31, 2016
Assets
Cash and due from banks	$ 505	$ 459
Federal Reserve Bank and Federal Home Loan Bank (FHLB) demand accounts	16,573	19,130
Cash and cash equivalents	17,078	19,589
Interest-bearing time deposits in other banks	346	346
Loans held for sale	4,690	2,732
Loans, net of allowance for loan losses of $1,150 and $1,137 at March 31, 2017 and December 31, 2016, respectively	86,271	83,048
Premises and equipment - at depreciated cost	4,346	4,340
FHLB stock - at cost	728	728
Foreclosed real estate held for sale, net	36	55
Bank-owned life insurance (BOLI)	1,877	1,865
FHLB lender risk account receivable	2,942	2,698
Accrued interest receivable	277	270
Prepaid federal income taxes	30	75
Other assets	675	227
Total assets	119,296	115,973
Deposits
Noninterest-bearing	6,182	4,816
Interest-bearing	96,909	95,228
Total deposits	103,091	100,044
FHLB advances	24	28
Advances from borrowers for taxes and insurance	492	716
Accrued interest payable	1	1
Accrued supplemental retirement plans	921	868
Deferred federal tax liability	620	554
Other liabilities	444	285
Total liabilities	105,593	102,496
Commitments and Contingencies
Retained Earnings	13,703	13,477
Total liabilities and retained earnings	$ 119,296	$ 115,973

Condensed Balance Sheets (Unau3

Condensed Balance Sheets (Unaudited) (Parentheticals) - USD ($) $ in Thousands	Mar. 31, 2017	Dec. 31, 2016	Mar. 31, 2016	Dec. 31, 2015
Statement of Financial Position [Abstract]
Allowance for loan losses	$ 1,150	$ 1,137	$ 1,050	$ 1,036

Condensed Statements of Income

Condensed Statements of Income and Comprehensive Income (Unaudited) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016
Interest and Dividend Income
Interest earned on loans	$ 953	$ 879
Dividends on FHLB stock	9	7
Other interest-earning deposits	32	21
Total interest and dividend income	994	907
Interest Expense
Interest on deposits	162	166
FHLB advances		32
Total interest expense	162	198
Net Interest Income	832	709
Provision for Loan Losses	10	25
Net Interest Income After Provision for Loan Losses	822	684
Noninterest Income
Net gains on loan sales	602	311
Other service charges and fees	38	42
Death benefit proceeds in excess of cash surrender value of BOLI		940
Income from BOLI	12	12
Total noninterest income	652	1,305
Noninterest Expense
Compensation and benefits	741	521
Occupancy and equipment, net	51	60
Data processing	67	110
Legal and professional services	81	50
FDIC premium expense		18
Foreclosed real estate impairments and expenses, net	7	7
Franchise and other taxes	27	27
Advertising	16	21
ATM processing expense	23	19
FHLB advance prepayment penalty		121
Death benefit obligation expense		410
Other expenses	124	82
Total noninterest expense	1,137	1,446
Income Before Income Taxes	337	543
Income Taxes
Provision (Benefit) for Income taxes	111	(127)
Total income taxes	111	(127)
Net Income and Comprehensive Income	$ 226	$ 670

Condensed Statements of Retaine

Condensed Statements of Retained Earnings (Unaudited) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Balance	$ 13,477	$ 12,017
Net income	226	670
Balance	$ 13,703	$ 12,687

Condensed Statements of Cash Fl

Condensed Statements of Cash Flows (Unaudited) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016
Operating Activities
Net income	$ 226	$ 670
Items not requiring (providing) cash:
Depreciation and amortization	48	43
Amortization of deferred loan fees	4
Proceeds on sale of loans in the secondary market	13,169	10,981
Loans originated for sale in the secondary market	(14,525)	(13,336)
Gain on sale of loans	(602)	(311)
Provision for loan losses	10	25
(Gain) loss on sale of foreclosed real estate	3	(10)
Deferred federal tax liability	66	(20)
Death benefit proceeds in excess of cash surrender value of BOLI		(940)
Increase in cash surrender value of BOLI	(12)	(13)
Impairment on foreclosed real estate	3
Changes in:
FHLB lender risk account receivable	(244)	(15)
Accrued interest receivable	(7)	(7)
Other assets and prepaid federal income taxes	(403)	(241)
Accrued supplemental retirement plans	53	(56)
Accrued expenses and other liabilities	159	(40)
Net cash flows (used in) operating activities	(2,052)	(3,270)
Investing Activities
Net decrease in interest-bearing time deposits in other banks
Net decrease in loans	(3,237)	(1,384)
Purchase of premises and equipment	(54)
Proceeds from sale of foreclosed real estate	13	289
Death benefit proceeds received		1,485
Net cash provided by (used in ) investing activities	(3,278)	390
Financing Activities
Net increase in deposits	3,047	2,880
Repayment of FHLB advances	(4)	(3,006)
Net decrease in advances from borrowers for taxes and insurance	(224)	(220)
Net cash provided by (used in) financing activities	2,819	(346)
Decrease in Cash and Cash Equivalents	(2,511)	(3,226)
Cash and Cash Equivalents, Beginning of Period	19,589	19,012
Cash and Cash Equivalents, End of Period	17,078	15,786
Supplemental Cash Flows Information:
Interest paid	$ 162	$ 198

Nature of Operations and Summar

Nature of Operations and Summary of Significant Accounting Policies	3 Months Ended
	Mar. 31, 2017
Accounting Policies [Abstract]
Nature of Operations and Summary of Significant Accounting Policies	Note 1: Nature of Operations and Summary of Significant Accounting Policies General On March 3, 2017 the Bank’s Board of Directors adopted a Plan of Conversion pursuant to which the Bank will convert (the “Conversion”) from an Ohio-chartered mutual savings association to an Ohio-chartered savings association in the capital stock form of organization and establish a stock holding company (the “Holding Company”) that will own 100% of the outstanding common stock of the Bank upon completion of the Conversion. The Holding Company is organized under the laws of the State of Maryland. The transaction is subject to certain conditions, including the required regulatory approvals and approval of the Plan of Conversion by the Bank’s members (depositors of the Bank). In addition, the Bank will adopt an employee stock ownership plan (“ESOP”) which will subscribe for up to 8% of the common stock to be sold in the offering and contributed to a charitable foundation (discussed below). The ESOP’s purchase of shares in the Conversion will be funded by a loan from the Holding Company. Shares of the stock holding company’ s common stock will be offered in a subscription offering pursuant to non-transferable subscription rights at a predetermined and uniform price in the following order of preference: (1) to the eligible account holders of record; (2) to tax qualified employee stock benefit plans; (3) if applicable, to supplemental eligible account holders of record; and (4) any person other than an eligible account holder or a supplemental eligible account holder, holding a qualifying deposit on the voting record date. Shares not subscribed for in the subscription offering may be offered to the general public in a direct community offering with preference given first to natural persons residing in the county of Hamilton, Ohio or to the general public through a syndicated community offering. Concurrent with the Conversion, the Bank will form a charitable foundation called the Eagle Savings Bank Charitable Foundation, Inc. The Foundation will be funded with a $400,000 contribution of Holding Company common stock and $100,000 of cash. Subsequent to the Conversion, voting rights will be held and exercised exclusively by the stockholders of the Holding Company. Deposit accounts will continue to be insured by the FDIC up to applicable limits. A liquidation account will be established in an amount equal to the Bank’s total equity as of the latest balance sheet date in the final prospectus used in the Conversion. Each eligible account holder or supplemental account holder will be entitled to a proportionate share of this account in the event of a complete liquidation of the Bank, and only in such event. This share will be reduced if the eligible account holder’s or supplemental account holder’s deposit balance falls below the amounts on the date of record and will cease to exist if the account is closed. The liquidation account will never be increased despite any increase after the Conversion in the related deposit balance. Following completion of the Conversion, the Bank may not pay a dividend on its capital stock, if the effect thereof would cause retained earnings to be reduced below the liquidation account amount or regulatory capital requirements. In addition, the Holding Company will be subject to certain regulations related to the payment of dividends and the repurchase of its capital stock. Conversion costs will be deferred and reduce the proceeds from the shares sold in the Conversion. If the Conversion is not completed, all costs will be expensed. There were no Conversion costs recorded at December 31, 2016. At March 31, 2017 the Bank has capitalized $280,000 in conversion costs. The Conversion will be accounted for as a change in corporate form with the historic basis of the Bank’s assets, liabilities and equity unchanged as a result. Basis of Presentation The accompanying condensed balance sheet of the Bank as of December 31, 2016, which has been derived from audited financial statements, and unaudited condensed financial statements of the Bank as of March 31, 2017 and for the three months ended March 31, 2017 and 2016, were prepared in accordance with instructions for Form 10-Q and Article 8 of Regulation S-X and, therefore, do not include information or footnotes necessary for a complete presentation of financial position, results of operations and cash flows in accounting principles generally accepted in the United States of America. Accordingly, these condensed financial statements should be read in conjunction with the financial statements and notes thereto of the Bank for the year ended December 31, 2016 included in the Registrant’s Form S-1. Reference is made to the accounting policies of the Bank described in the Notes to Financial Statements contained in the Form S-1. In the opinion of management, all adjustments (consisting only of normal recurring adjustments) which are necessary for a fair presentation of the unaudited condensed financial statements have been included to present fairly the financial position as of March 31, 2017 and the results of operations and cash flows for the three months ended March 31, 2017 and 2016. All interim amounts have not been audited and the results of operations for the three months ended March 31, 2017, herein are not necessarily indicative of the results of operations to be expected for the entire year. Use of Estimates The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. Material estimates that are particularly susceptible to significant change relate to the determination of the allowance for loan losses, valuation of real estate acquired in connection with foreclosures or in satisfaction of loans, and fair values of financial instruments.

Loans and Allowance for Loan Lo

Loans and Allowance for Loan Losses	3 Months Ended
	Mar. 31, 2017
Receivables [Abstract]
Loans and Allowance for Loan Losses	Note 2: Loans and Allowance for Loan Losses The composition of the loan portfolio at March 31, 2017 and December 31, 2016 was as follows: March 31, December 31, 2017 2016 (In thousands) Residential mortgage loans $ 45,013 $ 41,914 Commercial real estate and land loans 14,571 13,631 Home equity and other consumer 14,344 14,593 Residential construction loans 8,622 9,468 Residential mortgage loans, non-owner occupied 5,409 5,743 Multi-family real estate loans 2,343 2,513 Commercial loans 2,323 1,779 92,625 89,641 Net deferred loan costs 93 98 Loans in process (5,297 ) (5,554 ) Allowance for loan losses (1,150 ) (1,137 ) Net loans $ 86,271 $ 83,048 Loans serviced for the benefit of others at March 31, 2017 and December 31, 2016 amounted to $1,855 and $1,930, respectively. Loans in process relates to primarily residential mortgage loans. Risk characteristics applicable to each segment of the loan portfolio are described as follows. Residential Mortgage Loans, including Construction Loans and Land Loans Residential Mortgage Loans, Non-Owner Occupied Commercial Real Estate and Multi-Family Real Estate Commercial Home equity and Other Consumer The following tables present the activity in the allowance for loan losses and the recorded investment in loans based on portfolio segment and impairment method for the three months ended March 31, 2017 and 2016 and year ended December 31, 2016: Three Months Ended March 31, Residential Commercial Home Residential Residential Multi- Commercial Total (In thousands) Allowance for loan losses: Balance, beginning of year $ 166 $ 164 $ 341 $ 88 $ 175 $ 30 $ 173 $ 1,137 Provision charged to expense 18 10 (6 ) 1 (10 ) (2 ) (1 ) 10 Losses charged off - - - - - - - - Recoveries - - - - - - 3 3 Balance, end of year $ 184 $ 174 $ 335 $ 89 $ 165 $ 28 $ 175 $ 1,150 Ending balance: individually evaluated for impairment $ 25 $ - $ - $ - $ 37 $ - $ 168 $ 230 Ending balance: collectively evaluated for impairment $ 159 $ 174 $ 335 $ 89 $ 128 $ 28 $ 7 $ 920 Loans: Ending balance $ 45,013 $ 14,571 $ 14,344 $ 8,622 $ 5,409 $ 2,343 $ 2,323 $ 92,625 Ending balance: individually evaluated for impairment $ 145 $ 206 $ - $ - $ 270 $ 1 $ 330 $ 952 Ending balance: collectively evaluated for impairment $ 44,868 $ 14,365 $ 14,344 $ 8,622 $ 5,139 $ 2,342 $ 1,993 $ 91,673 Three Months Ended March 31, Residential Commercial Home Residential Residential Multi- Commercial Total (In thousands) Allowance for loan losses: Balance, beginning of year $ 151 $ 146 $ 290 $ 39 $ 204 $ 36 $ 170 $ 1,036 Provision charged to expense (3 ) 1 17 32 (6 ) (1 ) (15 ) 25 Losses charged off - - - (15 ) - - (15 ) Recoveries - - - - - 4 4 Balance, end of year $ 148 $ 147 $ 307 $ 71 $ 183 $ 35 $ 159 $ 1,050 Year Ended December 31, 2016 Residential Commercial Home Residential Residential Multi- Commercial Total (In thousands) Allowance for loan losses: Balance, beginning of year $ 151 $ 146 $ 290 $ 39 $ 204 $ 36 $ 170 $ 1,036 Provision charged to expense 39 18 51 49 (29 ) (6 ) (39 ) 83 Losses charged off (35 ) - - - - - - (35 ) Recoveries 11 - - - - - 42 53 Balance, end of year $ 166 $ 164 $ 341 $ 88 $ 175 $ 30 $ 173 $ 1,137 Ending balance: individually evaluated for impairment $ 15 $ - $ - $ - $ 39 $ - $ 168 $ 222 Ending balance: collectively evaluated for impairment $ 151 $ 164 $ 341 $ 88 $ 136 $ 30 $ 5 $ 915 Loans: Ending balance $ 41,914 $ 13,631 $ 14,593 $ 9,468 $ 5,743 $ 2,513 $ 1,779 $ 89,641 Ending balance: individually evaluated for impairment $ 145 $ 207 $ - $ - $ 319 $ 4 $ 330 $ 1,005 Ending balance: collectively evaluated for impairment $ 41,769 $ 13,424 $ 14,593 $ 9,468 $ 5,424 $ 2,509 $ 1,449 $ 88,636 Internal Risk Categories Loan grades are numbered 1 through 8. Grades 5 through 8 are considered satisfactory grades. The grade of 1, or Special Mention, represents loans of lower quality and is considered criticized. The grades of 2, or Substandard, 3, or Doubtful, and 4, or Loss refer to assets that are classified. The use and application of these grades by the Bank will be uniform and shall conform to the Bank’s policy. Special Mention (grade 1) Substandard (grade 2) Doubtful (grade 3) Loss (grade 4) Satisfactory (grades 5 through 8) The following tables present the credit risk profile of the Bank’s loan portfolio based on rating category and payment activity as of March 31, 2017 and December 31, 2016: March 31, 2017 (Unaudited) Residential Commercial Home Residential Residential Multi-Family Commercial Total (In thousands) Rating Satisfactory (5-8) $ 43,843 $ 14,365 $ 14,308 $ 8,622 $ 5,223 $ 2,342 $ 1,899 $ 90,602 Special mention (1) - - - - - - 94 94 Substandard (2) 1,170 206 36 - 186 1 330 1,929 Doubtful (3) - - - - - - - - Loss (4) - - - - - - - - Total $ 45,013 $ 14,571 $ 14,344 $ 8,622 $ 5,409 $ 2,343 $ 2,323 $ 92,625 December 31, 2016 Residential Commercial Home Residential Residential Multi-Family Commercial Total (In thousands) Rating Satisfactory (5-8) $ 40,975 $ 13,424 $ 14,556 $ 9,468 $ 5,523 $ 2,509 $ 1,350 $ 87,805 Special mention (1) - - - - - - 99 99 Substandard (2) 939 207 37 - 220 4 330 1,737 Doubtful (3) - - - - - - - - Loss (4) - - - - - - - - Total $ 41,914 $ 13,631 $ 14,593 $ 9,468 $ 5,743 $ 2,513 $ 1,779 $ 89,641 The Company evaluates the loan risk grading system definitions and allowance for loan losses methodology on an ongoing basis. No significant changes were made to either during the three months ended March 31, 2017. The following tables present the Bank’s loan portfolio aging analysis of the recorded investment in loans as of March 31, 2017 and December 31, 2016: March 31, 2017 (Unaudited) 30-59 Days 60-89 Days 90 Days Total Current Total Recorded (In thousands) Residential mortgage loans $ 202 $ 77 $ 185 $ 464 $ 44,549 $ 45,013 $ - Commercial real estate and land loans 765 - 206 971 13,600 14,571 - Home equity and other consumer 58 37 95 14,249 14,344 - Residential construction loans - - - - 8,622 8,622 - Residential mortgage loans, non-owner occupied - - - - 5,409 5,409 - Multi-family real estate loans - - - - 2,343 2,343 - Commercial loans 6 - - 6 2,317 2,323 - Total $ 1,031 $ 77 $ 428 $ 1,536 $ 91,089 $ 92,625 $ - December 31, 2016 30-59 Days 60-89 Days 90 Days Total Current Total Recorded (In thousands) Residential mortgage loans $ 191 $ 278 $ - $ 469 $ 41,445 $ 41,914 $ - Commercial real estate and land loans - 207 - 207 13,424 13,631 - Home equity and other consumer 104 - 50 154 14,439 14,593 - Residential construction loans - - - - 9,468 9,468 - Residential mortgage loans, non-owner occupied - - - - 5,743 5,743 - Multi-family real estate loans - - - - 2,513 2,513 - Commercial loans - - - - 1,779 1,779 - Total $ 295 $ 485 $ 50 $ 830 $ 88,811 $ 89,641 $ - A loan is considered impaired, in accordance with the impairment accounting guidance (ASC 310-10-35-16), when based on current information and events, it is probable the Bank will be unable to collect all amounts due from the borrower in accordance with the contractual terms of the loan. The following tables present impaired loans at March 31, 2017, March 31, 2016 and as of December 31, 2016: March 31, 2017 (Unaudited) Average Unpaid Investment Interest Recorded Principal Allocated in Impaired Income Balance Balance Allowance Loans Recognized (In thousands) Loans without an allocated allowance: Residential mortgage loans $ - - $ - $ - $ - Commercial real estate and land loans 206 206 - 206 1 Home equity and other consumer - - - - - Residential construction loans - - - - - Residential mortgage loans, non-owner occupied 69 69 - 93 2 Multi-family real estate loans 1 1 - 2 - Commercial loans - - - - - Loans with an allocated allowance: - - - - Residential mortgage loans 145 145 25 145 2 Commercial real estate and land loans - - - - - Home equity and other consumer - - - - - Residential construction loans - - - - - Residential mortgage loans, non-owner occupied 201 201 37 202 2 Multi-family real estate loans - - - - - Commercial loans 330 330 168 330 3 Total $ 952 $ 952 $ 230 $ 978 $ 10 Three Months Ended As of December 31, 2016 March 31, 2016 Average Unpaid Investment Interest Recorded Principal Allocated in Impaired Income Balance Balance Allowance Loans Recognized (In thousands) Loans without an allocated allowance: Residential mortgage loans $ 80 $ 80 $ - $ 82 $ 1 Commercial real estate and land loans 207 207 - 208 2 Home equity and other consumer - - - - - Residential construction loans - - - - - Residential mortgage loans, non-owner occupied 116 116 - 266 4 Multi-family real estate loans 4 4 - 15 - Commercial loans - - - - - Loans with an allocated allowance: Residential mortgage loans 65 65 15 67 1 Commercial real estate and land loans - - - - - Home equity and other consumer - - - - - Residential construction loans - - - - - Residential mortgage loans, non-owner occupied 203 203 39 209 2 Multi-family real estate loans - - - - - Commercial loans 330 330 168 330 4 Total $ 1,005 $ 1,005 $ 222 $ 1,177 $ 14 Interest income recognized is not materially different than interest income that would have been recognized on a cash basis. The following table presents the Bank’s nonaccrual loans at March 31, 2017 and December 31, 2016. This table excludes performing troubled debt restructurings. March 31, December 31, 2017 2016 (In thousands) Residential mortgage loans $ 185 $ - Commercial real estate and land loans 206 - Home equity and other consumer 37 50 Residential construction loans - - Residential mortgage loans, non-owner occupied - - Multi-family real estate loans - - Commercial loans - - Total $ 428 $ 50 During the three months ended March 31, 2017 and the year ended December 31, 2016, there were no loans modified as troubled debt restructurings. Following is a summary of troubled debt restructurings at March 31, 2017 and December 31, 2016: Number of Recorded (Dollars in thousands) At March 31, 2017: Residential mortgage loans 1 $ 79 Commercial real estate and land loans Home equity and other consumer Residential construction loans Residential mortgage loans, non-owner occupied 5 270 Multi-family real estate loans 1 1 Commercial loans 1 330 8 $ 680 Number of Recorded (Dollars in thousands) At December 31, 2016: Residential mortgage loans 1 $ 80 Commercial real estate and land loans - - Home equity and other consumer - - Residential construction loans - - Residential mortgage loans, non-owner occupied 6 319 Multi-family real estate loans 1 4 Commercial loans 1 330 9 $ 733 As of March 31, 2017, the Bank had total troubled debt restructurings of $680. There were 6 residential mortgage loans and residential non-owner occupied loans totaling $349 in troubled debt restructurings with the largest totaling $201. The remaining $331 in troubled debt restructurings consisted of one commercial loan for $330 and one multi-family loan for $1. As of December 31, 2016, the Bank had total troubled debt restructurings of $733. There were seven residential mortgage loans and residential non-owner occupied loans totaling $399 in troubled debt restructurings with the largest totaling $203. The remaining $334 in troubled debt restructurings consisted of one commercial loan for $330 and one multi-family loan for $4. These loans were modified due to short term concessions. Eagle Savings Bank has no commitments to lend additional funds to these debtors owing receivables whose terms have been modified in troubled debt restructurings. There were no foreclosed real estate properties or consumer mortgage loans in process of foreclosure at March 31, 2017. At December 31, 2016, foreclosed real estate includes two plots of land totaling $55.

Regulatory Matters

Regulatory Matters	3 Months Ended
	Mar. 31, 2017
Banking and Thrift [Abstract]
Regulatory Matters	Note 3: Regulatory Matters The Bank is subject to various regulatory capital requirements administered by the federal banking agencies. Failure to meet minimum capital requirements can initiate certain mandatory and possibly additional discretionary actions by regulators that, if undertaken, could have a direct material effect on the Bank’s financial statements. Under capital adequacy guidelines and the regulatory framework for prompt corrective action, the Bank must meet specific capital guidelines that involve quantitative measures of the Bank’s assets, liabilities and certain off-balance-sheet items as calculated under United States Generally Accepted Accounting Principles, regulatory reporting requirements and regulatory capital standards. The Bank’s capital amounts and classification are also subject to qualitative judgments by the regulators about components, risk weightings and other factors. Furthermore, the Bank’s regulators could require adjustments to regulatory capital not reflected in these financial statements. Quantitative measures established by regulatory reporting standards, to ensure capital adequacy require the Bank to maintain minimum amounts and ratios (set forth in the table below) of Total capital (as defined), Tier I capital (as defined) and common equity Tier 1capital (as defined) to risk-weighted assets (as defined) and Tier I capital (as defined) to average assets (as defined). Management believes, as of March 31, 2017 and December 31, 2016 that the Bank meets all capital adequacy requirements to which it is subject. As of March 31, 2017 and December 31, 2016 the most recent notification from the Bank’s regulators categorized the Bank as well capitalized under the regulatory framework for prompt corrective action. To be categorized as well capitalized, the Bank must maintain minimum total risk-based capital, Tier I risk-based capital, common equity Tier 1 risk-based capital and Tier I leverage ratios as set forth in the table. There are no conditions or events since that notification that management believes have changed the Bank’s category. Beginning in January 2016, the capital conservation buffer requirement of 0.625% of risk-weighted assets was phased-in and will increase each year until fully implemented at 2.5% in January 2019. An institution will be subject to further limitations on paying dividends, engaging in share repurchases, and paying discretionary bonuses if its capital levels fall below the buffer amount. These limitations will establish a maximum percentage of eligible retained income that could be utilized for such actions. The Bank’s actual capital amounts and ratios are presented in the following tables (minimum capital requirements exclude the capital conservation buffer): Actual Minimum Capital Minimum to Be Well 2017 Amount Ratio Amount Ratio Amount Ratio (Dollars in thousands) As of March 31, 2017: Equity $ 13,703 Allowance for loan losses 1,150 Total risk-based capital (to risk-weighted assets) $ 14,853 13.6 % $ 8,745 8.0 % $ 10,931 10.0 % Tier I capital (to risk-weighted assets) 13,703 12.5 % 6,558 6.0 % 8,745 8.0 % Common equity Tier I capital (to risk-weighted assets) 13,703 12.5 % 4,919 4.5 % 7,105 6.5 % Tier I capital (to adjusted total assets) 13,703 11.8 % 4,641 4.0 % 5,802 5.0 % 2016 Actual Minimum Capital Minimum to Be Well Amount Ratio Amount Ratio Amount Ratio (Dollars in thousands) As of December 31, 2016: Equity $ 13,477 Allowance for loan losses 1,137 Total risk-based capital (to risk-weighted assets) $ 14,614 14.1 % $ 8,283 8.0 % $ 10,354 10.0 % Tier I capital (to risk-weighted assets) 13,477 13.0 % 6,212 6.0 % 8,283 8.0 % Common equity Tier I capital (to risk-weighted assets) 13,477 13.0 % 4,659 4.5 % 6,730 6.5 % Tier I capital (to adjusted total assets) 13,477 11.7 % 4,620 4.0 % 5,775 5.0 %

Disclosure About Fair Values of

Disclosure About Fair Values of Assets and Liabilities	3 Months Ended
	Mar. 31, 2017
Fair Value Disclosures [Abstract]
Disclosure About Fair Values of Assets and Liabilities	Note 4: Disclosure About Fair Values of Assets and Liabilities ASC Topic 820, Fair Value Measurements Level 1 Quoted prices in active markets for identical assets or liabilities Level 2 Observable inputs other than Level 1 prices, such as quoted prices for similar assets or liabilities; quoted prices in markets that are not active; or other inputs that are observable or can be corroborated by observable market data for substantially the full term of the assets or liabilities Level 3 Unobservable inputs that are supported by little or no market activity and that are significant to the fair value of the assets or liabilities Nonrecurring Measurements The following tables present the fair value measurement of assets measured at fair value on a nonrecurring basis and the level within the fair value hierarchy in which the fair value measurements fall at March 31, 2017 and December 31, 2016: Fair Value Measurements Using Fair Quoted Prices in Significant Significant March 31, 2017 Value (Level 1) (Level 2) (Level 3) (In thousands) Impaired loans (collateral dependent) $ 445 $ - $ - $ 445 Foreclosed assets held for sale 36 - - 36 Fair Value Measurements Using Fair Quoted Prices in Significant Significant December 31, 2016 Value (Level 1) (Level 2) (Level 3) (In thousands) Impaired loans (collateral dependent) $ 376 $ - $ - $ 376 Foreclosed assets held for sale 55 - - 55 Fair value adjustments, consisting of charge-offs or allocated allowances, on impaired loans and foreclosed assets held for sale during the three months ended March 31, 2017 and the year ended December 31, 2016 amounted to $0 and $18, respectively. Following is a description of the valuation methodologies and inputs used for assets measured at fair value on a nonrecurring basis and recognized in the accompanying balance sheets, as well as the general classification of such assets pursuant to the valuation hierarchy. For assets classified within Level 3 of the fair value hierarchy, the process used to develop the reported fair value is described below. Foreclosed Real Estate Held for Sale (Other Real Estate Owned) Other real estate owned (OREO) is carried at the lower of fair value at acquisition date or current estimated fair value, less estimated cost to sell when the real estate is acquired. Estimated fair value of OREO is based on appraisals or evaluations. OREO is classified within Level 3 of the fair value hierarchy. Appraisals of OREO are obtained when the real estate is acquired and subsequently as deemed necessary. Appraisals are reviewed for accuracy and consistency by the lending department. Appraisers are selected from the list of approved appraisers maintained by management. Collateral-dependent Impaired Loans, Net of ALLL The estimated fair value of collateral-dependent impaired loans is based on the appraised fair value of the collateral, less estimated cost to sell. Collateral-dependent impaired loans are classified within Level 3 of the fair value hierarchy. The Bank considers the appraisal or evaluation as the starting point for determining fair value and then considers other factors and events in the environment that may affect the fair value. Appraisals of the collateral underlying collateral-dependent loans are obtained when the loan is determined to be collateral-dependent and subsequently as deemed necessary. Appraisals are reviewed for accuracy and consistency by the lending department. Appraisers are selected from the list of approved appraisers maintained by management. The appraised values are reduced by discounts to consider lack of marketability and estimated cost to sell if repayment or satisfaction of the loan is dependent on the sale of the collateral. These discounts and estimates are developed by comparison to historical results. Unobservable (Level 3) Inputs The following tables present quantitative information about unobservable inputs used in nonrecurring Level 3 fair value measurements. Fair Value at Valuation 3/31/2017 Technique Unobservable Inputs Range (Dollars in thousands) Impaired loans (collateral dependent) $ 445 Market comparable properties Marketability discount 10% - 15% Foreclosed assets held for sale 36 Market comparable properties Marketability discount 10% - 15% Fair Value at Valuation 12/31/2016 Technique Unobservable Inputs Range (Dollars in thousands) Impaired loans (collateral dependent) $ 376 Market comparable properties Marketability discount 10% - 15% Foreclosed assets held for sale 55 Market comparable properties Marketability discount 10% - 15% The following methods were used to estimate the fair value of all other financial instruments recognized in the accompanying balance sheet at amounts other than fair value. Cash and Cash Equivalents and Interest-bearing Time Deposits The carrying amount approximates fair value. Loans Held For Sale The carrying amount approximates fair value due to the insignificant time between origination and date of sale. The carrying amount is the amount funded. Loans Fair value is estimated by discounting the future cash flows using the market rates at which similar notes would be made to borrowers with similar credit ratings and for the same remaining maturities. The market rates used are based on current rates the Bank would impose for similar loans and reflect a market participant assumption about risks associated with nonperformance, illiquidity, and the structure and term of the loans along with local economic and market conditions. FHLB Stock Fair value is estimated at book value due to restrictions that limit the sale or transfer of such securities. FHLB Lender Risk Account Receivable The fair value of the Federal Home Loan Bank lender risk account receivable is estimated by discounting the estimated remaining cash flows of each strata of the receivable at current rates applicable to each strata for the same remaining maturities. Accrued Interest Receivable and Payable The carrying amount approximates fair value. The carrying amount is determined using the interest rate, balance and last payment date. Deposits Fair value of term deposits is estimated by discounting the future cash flows using rates of similar deposits with similar maturities. The market rates used were obtained from a knowledgeable independent third party and reviewed by the Bank. The rates were the average of current rates offered by local competitors of the Bank. The estimated fair value of checking, NOW, savings and money market deposits is the book value since rates are regularly adjusted to market rates and amounts are payable on demand at the reporting date. FHLB Advances Fair value is estimated by discounting the future cash flows using rates of similar advances with similar maturities. These rates were obtained from current rates offered by FHLB. Advances from Borrowers for Taxes and Insurance The carrying amount approximates fair value. Commitments to Originate Loans, Forward Sale Commitments, Letters of Credit and Lines of Credit The fair value of commitments to originate loans is estimated using the fees currently charged to enter into similar agreements, taking into account the remaining terms of the agreements and the present creditworthiness of the counterparties. For fixed-rate loan commitments, fair value also considers the difference between current levels of interest rates and the committed rates. The fair value of commitments to sell securities is estimated based on current market prices for securities of similar terms and credit quality. The fair values of letters of credit and lines of credit are based on fees currently charged for similar agreements or on the estimated cost to terminate or otherwise settle the obligations with the counterparties at the reporting date. At March 31, 2017 and December 31, 2016, the fair value of such commitments was not material. The following tables present estimated fair values of the Bank’s financial instruments at March 31, 2017 and December 31, 2016. Fair Value Measurements Using March 31, 2017 Carrying Fair (Level 1) (Level 2) (Level 3) (In thousands) Financial Assets Cash and cash equivalents $ 17,078 $ 17,078 $ 17,078 $ - $ - Interest-bearing time deposits 346 346 346 - - Loans held for sale 4,690 4,690 - - 4,690 Loans, net of allowance for losses 86,271 88,450 - - 88,450 FHLB stock 728 728 - 728 - FHLB lender risk account receivable 2,942 2,875 - - 2,875 Interest receivable 277 277 - 277 - Financial Liabilities Deposits 103,091 103,316 60,507 42,809 - FHLB advances 24 24 - 24 - Advances from borrowers for taxes and insurance 492 492 - 492 - Interest payable 1 1 - 1 - Fair Value Measurements Using December 31, 2016 Carrying Fair (Level 1) (Level 2) (Level 3) (In thousands) Financial Assets Cash and cash equivalents $ 19,589 $ 19,589 $ 19,589 $ - $ - Interest-bearing time deposits 346 346 346 - - Loans held for sale 2,732 2,732 - - 2,732 Loans, net of allowance for losses 83,048 84,852 - - 84,852 FHLB stock 728 728 - 728 - FHLB lender risk account receivable 2,698 2,795 - - 2,795 Interest receivable 270 270 - 270 - Financial Liabilities Deposits 100,044 99,927 58,724 41,203 - FHLB advances 28 28 - 28 - Advances from borrowers for taxes and insurance 716 716 - 716 - Interest payable 1 1 - 1 -

Commitments and Credit Risk

Commitments and Credit Risk	3 Months Ended
	Mar. 31, 2017
Commitments and Contingencies Disclosure [Abstract]
Commitments and Credit Risk	Note 5: Commitments and Credit Risk Commitments to Originate Loans Commitments to originate loans are agreements to lend to a customer as long as there is no violation of any condition established in the contract. Commitments generally have fixed expiration dates or other termination clauses and may require payment of a fee. Since a portion of the commitments may expire without being drawn upon, the total commitment amounts do not necessarily represent future cash requirements. Each customer’s creditworthiness is evaluated on a case-by-case basis. The amount of collateral obtained, if deemed necessary, is based on management’s credit evaluation of the counterparty. Collateral held varies, but may include accounts receivable, inventory, property, plant and equipment, commercial real estate and residential real estate. At March 31, 2017, the Bank had loans approved but not yet originated with fixed interest rates of 4.000% for $234 secured by one-to four-family residential real estate. At December 31, 2016, the Bank had loans approved but not yet originated with fixed interest rate ranges of 3.875% - 4.125% for $436 secured by one-to four-family residential real estate. At March 31, 2017 and December 31, 2016, the Bank had undisbursed loans in process of $5,297 with fixed interest rate ranges of 3.250% - 4.625% and $5,554 with fixed interest rate ranges of 3.250% - 4.500%, respectively. There were no adjustable rate commitments at March 31, 2017 and December 31, 2016. Lines of Credit Lines of credit are agreements to lend to a customer as long as there is no violation of any condition established in the contract. Lines of credit generally have fixed expiration dates. Since a portion of the line may expire without being drawn upon, the total unused lines do not necessarily represent future cash requirements. Each customer’s creditworthiness is evaluated on a case-by-case basis. The amount of collateral obtained, if deemed necessary, is based on management’s credit evaluation of the counterparty. Collateral held varies but may include accounts receivable, inventory, property, plant and equipment, commercial real estate and residential real estate. Management uses the same credit policies in granting lines of credit as it does for on-balance-sheet instruments. Lines of credit at March 31, 2017 were as follows: (In thousands) Unused lines of credit $ 2,264 Standby letters of credit - Unused home equity lines 10,713 Total commitments $ 12,977

Recent Accounting Pronouncement

Recent Accounting Pronouncements	3 Months Ended
	Mar. 31, 2017
New Accounting Pronouncements and Changes in Accounting Principles [Abstract]
Recent Accounting Pronouncements	Note 6: Recent Accounting Pronouncements In May 2014, the FASB issued ASU No. 2014-09 “Revenue from Contracts with Customers (Topic 606). The core principle of the guidance is that an entity should recognize revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods and services. On July 9, 2015, the FASB approved amendments deferring the effective date by one year. ASU 2014-09 is now effective for annual reporting periods beginning after December 15, 2017, including interim periods with in that reporting period. Early application is permitted but not before the original public entity effective date, i.e., annual periods beginning after December 15, 2016. In March 2016, the FASB issued final amendments (ASU No. 2016-08 and ASU No. 2016-10) to clarify the implementation guidance for principal versus agent considerations, identifying performance obligations and the accounting for licenses of intellectual property. The amendments can be applied retrospectively to each prior reporting period or retrospectively with the cumulative effect of initially applying this Update recognized at the date of initial application. In May 2016, the FASB issued final amendments (ASU No. 2016-12 and ASU 2016-11) to address narrow-scope improvements to the guidance on collectability, non-cash consideration, completed contracts at transition and to provide a practical expedient for contract modifications at transition and an accounting policy election related to the presentation of sales taxes and other similar taxes collected from customers. Additionally, the amendments included a rescission of SEC guidance because of ASU 2014-09 related to revenue and expense recognition for freight services in process, accounting for shipping and handling fees and costs, and accounting for consideration given by a vendor to a customer. In December 2016, the FASB issued final guidance (ASU 2016-20) that allows entities not to make quantitative disclosures about performance obligations in certain cases and requires entities that use any of the new or previously existing optional exemptions to expand their qualitative disclosures. It also makes 12 additional technical corrections and improvements to the new revenue standard. These amendments are effective upon the adoption of ASU 2014-09. The Bank continues to assess the guidance from the FASB and the Transition Resource Group for Revenue Recognition in determining the impact of ASU 2014-09 on its accounting and disclosures. The Bank is in its preliminary stages of evaluating the impact of these amendments, although it doesn’t expect the amendments to have a significant impact to the Bank’s financial position or results of operations. The amendments could potentially impact the accounting procedures and processes over the recognition of certain revenue sources, including, but not limited to, non-interest income. The Bank is expecting to begin developing processes and procedures during 2017 to ensure it is fully compliant with these amendments at the date of adoption. In January 2016, the FASB issued ASU No. 2016-01 “Financial Instruments - Overall (Subtopic 825-10) - Recognition and Measurement of Financial Assets and Financial Liabilities.” ASU 2016-01 is intended to improve the recognition and measurement of financial instruments by requiring equity investments to be measured at fair value with changes in fair value recognized in net income; requiring public business entities to use the exit price notion when measuring the fair value of financial instruments for disclosure purposes; requiring separate presentation of financial assets and financial liabilities by measurement category and form of financial asset on the balance sheet or the accompanying notes to the financial statements; eliminating the requirement for public business entities to disclose the method(s) and significant assumptions used to estimate the fair value that is required to be disclosed for financial instruments measured and amortized at cost on the balance sheet; and requiring a reporting organization to present separately in other comprehensive income the portion of the total change in the fair value of a liability resulting from a change in the instrument-specific credit risk when the organization has elected to measure the liability at fair value in accordance with the fair value option for financial instruments. ASU 2016-01 is effective for annual periods and interim periods within those annual periods, beginning after December 15, 2017. The amendments should be applied by means of a cumulative-effect adjustment to the balance sheet as of the beginning of the fiscal year of adoption. The amendments related to equity securities without readily determinable fair values (including disclosure requirements) should be applied prospectively to equity investments that exist as of the date of adoption. The Bank is currently evaluating the impact of these amendments, but does not expect them to have a material effect on the Bank’s financial position or results of operations since it does not have any equity securities or a valuation allowance. However, the amendments will have an impact on certain items that are disclosed at fair value that are not currently utilizing the exit price notion when measuring fair value. At this time the Bank cannot quantify the change in the fair value of such disclosures since the Bank is currently evaluating the full impact of the Update and is in the planning stages of developing appropriate procedures and processes to comply with the disclosure requirements of such amendments. The current accounting policies and procedures will be modified after the Bank has fully evaluated the standard to comply with the accounting changes mentioned above. For additional information on fair value of assets and liabilities, see Note 4. In February 2016, the FASB issued ASU No. 2016-02 “Leases (Topic 842).” ASU 2016-02 establishes a right of use model that requires a lessee to record a right of use asset and a lease liability for all leases with terms longer than 12 months. Leases will be classified as either finance or operating, with classification affecting the pattern of expense recognition in the income statement. For lessors, the guidance modifies the classification criteria and the accounting for sales-type and direct financing leases. A lease will be treated as sale if it transfers all of the risks and rewards, as well as control of the underlying asset, to the lessee. If risks and rewards are conveyed without the transfer of control, the lease is treated as a financing. If the lessor doesn't convey risks and rewards or control, an operating lease results. The amendments are effective for fiscal years beginning after December 15, 2018, including interim periods within those fiscal years for public business entities. Entities are required to use a modified retrospective approach for leases that exist or are entered into after the beginning of the earliest comparative period in the financial statements, with certain practical expedients available. Early adoption is permitted. The impact is not expected to have a material effect on the Bank’s financial position or results of operations since the Bank does not have a material amount of lease agreements. The Bank is currently in the process of fully evaluating the amendments and will subsequently implement new processes to comply with the ASU. In addition, the Bank will change its current accounting practice to comply with the amendments and such changes as mentioned above. In June 2016, the FASB issued ASU No. 2016-13, “Financial Instruments-Credit Losses (Topic 326) -Measurement of Credit Losses on Financial Instruments.” The provisions of ASU 2016-13 were issued to provide financial statement users with more decision-useful information about the expected credit losses on financial instruments that are not accounted for at fair value through net income, including loans held for investment, held-to-maturity debt securities, trade and other receivables, net investment in leases and other commitments to extend credit held by a reporting entity at each reporting date. ASU 2016-13 requires that financial assets measured at amortized cost be presented at the net amount expected to be collected, through an allowance for credit losses that is deducted from the amortized cost basis. The amendments in ASU 2016-13 eliminate the probable incurred loss recognition in current GAAP and reflect an entity's current estimate of all expected credit losses. The measurement of expected credit losses is based upon historical experience, current conditions, and reasonable and supportable forecasts that affect the collectability of the financial assets. ASU 2016-13 is effective for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2019. Early adoption is permitted for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2018. The Bank is currently evaluating the impact of these amendments to the Bank’s financial position and results of operations and currently does not know or cannot reasonably quantify the impact of the adoption of the amendments as a result of the complexity and extensive changes from the amendments. The Allowance for Loan Losses (ALL) estimate is material to the Bank and given the change from an incurred loss model to a methodology that considers the credit loss over the life of the loan, there is the potential for an increase in the ALL at the adoption date. The Bank is anticipating a significant change in processes and procedures to calculate the ALL, including changes in assumptions and estimates to consider the expected credit losses over the life of the loan versus the current accounting practice that utilizes the incurred loss model. In addition, the current accounting policy and procedures for the other-than temporary impairment on available-for-sale securities will be replaced with an allowance approach. The Bank is expecting to begin developing and implementing processes during the next two years to ensure it is fully compliant with the amendments at adoption date. For additional information on the allowance for loan losses, see Note 2. In August 2016, the FASB issued ASU No. 2016-15 “Statement of Cash Flows (Topic 230) - Classification of Certain Cash Receipts and Cash Payments.” ASU 2016-15 provides cash flow statement classification guidance for certain transactions including how the predominance principle should be applied when cash receipts and cash payments have aspects of more than one class of cash flows. The guidance is effective for public business entities for fiscal years beginning after December 15, 2017, and interim periods within those fiscal years and should be applied retrospectively. Early adoption is permitted, including adoption in an interim period. The Bank has assessed ASU 2016-15 and does not expect a significant impact on its accounting and disclosures. In November 2016, the FASB issued ASU No. 2016-18 “Statement of Cash Flows (Topic 230) – Restricted Cash.” ASU 2016-18 provides amendments to cash flow statement classification and presentation to explain the change during the period in the total of cash, cash equivalents, and amounts generally described as restricted cash or restricted cash equivalents. The guidance is effective for public business entities for fiscal years beginning after December 15, 2017, and interim periods within those fiscal years and should be applied using a retrospective transition method to each period presented. Early adoption is permitted, including adoption in an interim period. The Bank has assessed ASU 2016-18 and does not expect a significant impact on its accounting and disclosures.

Nature of Operations and Summ13

Nature of Operations and Summary of Significant Accounting Policies (Policies)	3 Months Ended
	Mar. 31, 2017
Accounting Policies [Abstract]
Basis of Presentation	Basis of Presentation The accompanying condensed balance sheet of the Bank as of December 31, 2016, which has been derived from audited financial statements, and unaudited condensed financial statements of the Bank as of March 31, 2017 and for the three months ended March 31, 2017 and 2016, were prepared in accordance with instructions for Form 10-Q and Article 8 of Regulation S-X and, therefore, do not include information or footnotes necessary for a complete presentation of financial position, results of operations and cash flows in accounting principles generally accepted in the United States of America. Accordingly, these condensed financial statements should be read in conjunction with the financial statements and notes thereto of the Bank for the year ended December 31, 2016 included in the Registrant’s Form S-1. Reference is made to the accounting policies of the Bank described in the Notes to Financial Statements contained in the Form S-1. In the opinion of management, all adjustments (consisting only of normal recurring adjustments) which are necessary for a fair presentation of the unaudited condensed financial statements have been included to present fairly the financial position as of March 31, 2017 and the results of operations and cash flows for the three months ended March 31, 2017 and 2016. All interim amounts have not been audited and the results of operations for the three months ended March 31, 2017, herein are not necessarily indicative of the results of operations to be expected for the entire year.
Use of Estimates	Use of Estimates The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. Material estimates that are particularly susceptible to significant change relate to the determination of the allowance for loan losses, valuation of real estate acquired in connection with foreclosures or in satisfaction of loans, and fair values of financial instruments.

Loans and Allowance for Loan 14

Loans and Allowance for Loan Losses (Tables)	3 Months Ended
	Mar. 31, 2017
Receivables [Abstract]
Schedule of composition of the loan portfolio	March 31, December 31, 2017 2016 (In thousands) Residential mortgage loans $ 45,013 $ 41,914 Commercial real estate and land loans 14,571 13,631 Home equity and other consumer 14,344 14,593 Residential construction loans 8,622 9,468 Residential mortgage loans, non-owner occupied 5,409 5,743 Multi-family real estate loans 2,343 2,513 Commercial loans 2,323 1,779 92,625 89,641 Net deferred loan costs 93 98 Loans in process (5,297 ) (5,554 ) Allowance for loan losses (1,150 ) (1,137 ) Net loans $ 86,271 $ 83,048
Schedule of allowance for loan losses	Three Months Ended March 31, Residential Commercial Home Residential Residential Multi- Commercial Total (In thousands) Allowance for loan losses: Balance, beginning of year $ 166 $ 164 $ 341 $ 88 $ 175 $ 30 $ 173 $ 1,137 Provision charged to expense 18 10 (6 ) 1 (10 ) (2 ) (1 ) 10 Losses charged off - - - - - - - - Recoveries - - - - - - 3 3 Balance, end of year $ 184 $ 174 $ 335 $ 89 $ 165 $ 28 $ 175 $ 1,150 Ending balance: individually evaluated for impairment $ 25 $ - $ - $ - $ 37 $ - $ 168 $ 230 Ending balance: collectively evaluated for impairment $ 159 $ 174 $ 335 $ 89 $ 128 $ 28 $ 7 $ 920 Loans: Ending balance $ 45,013 $ 14,571 $ 14,344 $ 8,622 $ 5,409 $ 2,343 $ 2,323 $ 92,625 Ending balance: individually evaluated for impairment $ 145 $ 206 $ - $ - $ 270 $ 1 $ 330 $ 952 Ending balance: collectively evaluated for impairment $ 44,868 $ 14,365 $ 14,344 $ 8,622 $ 5,139 $ 2,342 $ 1,993 $ 91,673 Three Months Ended March 31, Residential Commercial Home Residential Residential Multi- Commercial Total (In thousands) Allowance for loan losses: Balance, beginning of year $ 151 $ 146 $ 290 $ 39 $ 204 $ 36 $ 170 $ 1,036 Provision charged to expense (3 ) 1 17 32 (6 ) (1 ) (15 ) 25 Losses charged off - - - (15 ) - - (15 ) Recoveries - - - - - 4 4 Balance, end of year $ 148 $ 147 $ 307 $ 71 $ 183 $ 35 $ 159 $ 1,050 Year Ended December 31, 2016 Residential Commercial Home Residential Residential Multi- Commercial Total (In thousands) Allowance for loan losses: Balance, beginning of year $ 151 $ 146 $ 290 $ 39 $ 204 $ 36 $ 170 $ 1,036 Provision charged to expense 39 18 51 49 (29 ) (6 ) (39 ) 83 Losses charged off (35 ) - - - - - - (35 ) Recoveries 11 - - - - - 42 53 Balance, end of year $ 166 $ 164 $ 341 $ 88 $ 175 $ 30 $ 173 $ 1,137 Ending balance: individually evaluated for impairment $ 15 $ - $ - $ - $ 39 $ - $ 168 $ 222 Ending balance: collectively evaluated for impairment $ 151 $ 164 $ 341 $ 88 $ 136 $ 30 $ 5 $ 915 Loans: Ending balance $ 41,914 $ 13,631 $ 14,593 $ 9,468 $ 5,743 $ 2,513 $ 1,779 $ 89,641 Ending balance: individually evaluated for impairment $ 145 $ 207 $ - $ - $ 319 $ 4 $ 330 $ 1,005 Ending balance: collectively evaluated for impairment $ 41,769 $ 13,424 $ 14,593 $ 9,468 $ 5,424 $ 2,509 $ 1,449 $ 88,636
Schedule of credit risk profile of loan portfolio based on rating category and payment activity	March 31, 2017 (Unaudited) Residential Commercial Home Residential Residential Multi-Family Commercial Total (In thousands) Rating Satisfactory (5-8) $ 43,843 $ 14,365 $ 14,308 $ 8,622 $ 5,223 $ 2,342 $ 1,899 $ 90,602 Special mention (1) - - - - - - 94 94 Substandard (2) 1,170 206 36 - 186 1 330 1,929 Doubtful (3) - - - - - - - - Loss (4) - - - - - - - - Total $ 45,013 $ 14,571 $ 14,344 $ 8,622 $ 5,409 $ 2,343 $ 2,323 $ 92,625 December 31, 2016 Residential Commercial Home Residential Residential Multi-Family Commercial Total (In thousands) Rating Satisfactory (5-8) $ 40,975 $ 13,424 $ 14,556 $ 9,468 $ 5,523 $ 2,509 $ 1,350 $ 87,805 Special mention (1) - - - - - - 99 99 Substandard (2) 939 207 37 - 220 4 330 1,737 Doubtful (3) - - - - - - - - Loss (4) - - - - - - - - Total $ 41,914 $ 13,631 $ 14,593 $ 9,468 $ 5,743 $ 2,513 $ 1,779 $ 89,641
Schedule of loan portfolio aging analysis of the recorded investment in loans	March 31, 2017 (Unaudited) 30-59 Days 60-89 Days 90 Days Total Current Total Recorded (In thousands) Residential mortgage loans $ 202 $ 77 $ 185 $ 464 $ 44,549 $ 45,013 $ - Commercial real estate and land loans 765 - 206 971 13,600 14,571 - Home equity and other consumer 58 37 95 14,249 14,344 - Residential construction loans - - - - 8,622 8,622 - Residential mortgage loans, non-owner occupied - - - - 5,409 5,409 - Multi-family real estate loans - - - - 2,343 2,343 - Commercial loans 6 - - 6 2,317 2,323 - Total $ 1,031 $ 77 $ 428 $ 1,536 $ 91,089 $ 92,625 $ - December 31, 2016 30-59 Days 60-89 Days 90 Days Total Current Total Recorded (In thousands) Residential mortgage loans $ 191 $ 278 $ - $ 469 $ 41,445 $ 41,914 $ - Commercial real estate and land loans - 207 - 207 13,424 13,631 - Home equity and other consumer 104 - 50 154 14,439 14,593 - Residential construction loans - - - - 9,468 9,468 - Residential mortgage loans, non-owner occupied - - - - 5,743 5,743 - Multi-family real estate loans - - - - 2,513 2,513 - Commercial loans - - - - 1,779 1,779 - Total $ 295 $ 485 $ 50 $ 830 $ 88,811 $ 89,641 $ -
Schedule of impaired loans	March 31, 2017 (Unaudited) Average Unpaid Investment Interest Recorded Principal Allocated in Impaired Income Balance Balance Allowance Loans Recognized (In thousands) Loans without an allocated allowance: Residential mortgage loans $ - - $ - $ - $ - Commercial real estate and land loans 206 206 - 206 1 Home equity and other consumer - - - - - Residential construction loans - - - - - Residential mortgage loans, non-owner occupied 69 69 - 93 2 Multi-family real estate loans 1 1 - 2 - Commercial loans - - - - - Loans with an allocated allowance: - - - - Residential mortgage loans 145 145 25 145 2 Commercial real estate and land loans - - - - - Home equity and other consumer - - - - - Residential construction loans - - - - - Residential mortgage loans, non-owner occupied 201 201 37 202 2 Multi-family real estate loans - - - - - Commercial loans 330 330 168 330 3 Total $ 952 $ 952 $ 230 $ 978 $ 10 Three Months Ended As of December 31, 2016 March 31, 2016 Average Unpaid Investment Interest Recorded Principal Allocated in Impaired Income Balance Balance Allowance Loans Recognized (In thousands) Loans without an allocated allowance: Residential mortgage loans $ 80 $ 80 $ - $ 82 $ 1 Commercial real estate and land loans 207 207 - 208 2 Home equity and other consumer - - - - - Residential construction loans - - - - - Residential mortgage loans, non-owner occupied 116 116 - 266 4 Multi-family real estate loans 4 4 - 15 - Commercial loans - - - - - Loans with an allocated allowance: Residential mortgage loans 65 65 15 67 1 Commercial real estate and land loans - - - - - Home equity and other consumer - - - - - Residential construction loans - - - - - Residential mortgage loans, non-owner occupied 203 203 39 209 2 Multi-family real estate loans - - - - - Commercial loans 330 330 168 330 4 Total $ 1,005 $ 1,005 $ 222 $ 1,177 $ 14
Schedule of nonaccrual loans	March 31, December 31, 2017 2016 (In thousands) Residential mortgage loans $ 185 $ - Commercial real estate and land loans 206 - Home equity and other consumer 37 50 Residential construction loans - - Residential mortgage loans, non-owner occupied - - Multi-family real estate loans - - Commercial loans - - Total $ 428 $ 50
Schedule of summary of troubled debt restructurings	Number of Recorded (Dollars in thousands) At March 31, 2017: Residential mortgage loans 1 $ 79 Commercial real estate and land loans Home equity and other consumer Residential construction loans Residential mortgage loans, non-owner occupied 5 270 Multi-family real estate loans 1 1 Commercial loans 1 330 8 $ 680 Number of Recorded (Dollars in thousands) At December 31, 2016: Residential mortgage loans 1 $ 80 Commercial real estate and land loans - - Home equity and other consumer - - Residential construction loans - - Residential mortgage loans, non-owner occupied 6 319 Multi-family real estate loans 1 4 Commercial loans 1 330 9 $ 733

Regulatory Matters (Tables)

Regulatory Matters (Tables)	3 Months Ended
	Mar. 31, 2017
Banking and Thrift [Abstract]
Schedule of actual capital amounts and ratios	Actual Minimum Capital Minimum to Be Well 2017 Amount Ratio Amount Ratio Amount Ratio (Dollars in thousands) As of March 31, 2017: Equity $ 13,703 Allowance for loan losses 1,150 Total risk-based capital (to risk-weighted assets) $ 14,853 13.6 % $ 8,745 8.0 % $ 10,931 10.0 % Tier I capital (to risk-weighted assets) 13,703 12.5 % 6,558 6.0 % 8,745 8.0 % Common equity Tier I capital (to risk-weighted assets) 13,703 12.5 % 4,919 4.5 % 7,105 6.5 % Tier I capital (to adjusted total assets) 13,703 11.8 % 4,641 4.0 % 5,802 5.0 % 2016 Actual Minimum Capital Minimum to Be Well Amount Ratio Amount Ratio Amount Ratio (Dollars in thousands) As of December 31, 2016: Equity $ 13,477 Allowance for loan losses 1,137 Total risk-based capital (to risk-weighted assets) $ 14,614 14.1 % $ 8,283 8.0 % $ 10,354 10.0 % Tier I capital (to risk-weighted assets) 13,477 13.0 % 6,212 6.0 % 8,283 8.0 % Common equity Tier I capital (to risk-weighted assets) 13,477 13.0 % 4,659 4.5 % 6,730 6.5 % Tier I capital (to adjusted total assets) 13,477 11.7 % 4,620 4.0 % 5,775 5.0 %

Disclosure About Fair Values 16

Disclosure About Fair Values of Assets and Liabilities (Tables)	3 Months Ended
	Mar. 31, 2017
Fair Value Disclosures [Abstract]
Schedule of fair value measurement of assets measured at fair value on a nonrecurring basis	Fair Value Measurements Using Fair Quoted Prices in Significant Significant March 31, 2017 Value (Level 1) (Level 2) (Level 3) (In thousands) Impaired loans (collateral dependent) $ 445 $ - $ - $ 445 Foreclosed assets held for sale 36 - - 36 Fair Value Measurements Using Fair Quoted Prices in Significant Significant December 31, 2016 Value (Level 1) (Level 2) (Level 3) (In thousands) Impaired loans (collateral dependent) $ 376 $ - $ - $ 376 Foreclosed assets held for sale 55 - - 55
Schedule of quantitative information about unobservable inputs used in nonrecurring Level 3 fair value measurements	Fair Value at Valuation 3/31/2017 Technique Unobservable Inputs Range (Dollars in thousands) Impaired loans (collateral dependent) $ 445 Market comparable properties Marketability discount 10% - 15% Foreclosed assets held for sale 36 Market comparable properties Marketability discount 10% - 15% Fair Value at Valuation 12/31/2016 Technique Unobservable Inputs Range (Dollars in thousands) Impaired loans (collateral dependent) $ 376 Market comparable properties Marketability discount 10% - 15% Foreclosed assets held for sale 55 Market comparable properties Marketability discount 10% - 15%
Schedule of estimated fair values of financial instruments	Fair Value Measurements Using March 31, 2017 Carrying Fair (Level 1) (Level 2) (Level 3) (In thousands) Financial Assets Cash and cash equivalents $ 17,078 $ 17,078 $ 17,078 $ - $ - Interest-bearing time deposits 346 346 346 - - Loans held for sale 4,690 4,690 - - 4,690 Loans, net of allowance for losses 86,271 88,450 - - 88,450 FHLB stock 728 728 - 728 - FHLB lender risk account receivable 2,942 2,875 - - 2,875 Interest receivable 277 277 - 277 - Financial Liabilities Deposits 103,091 103,316 60,507 42,809 - FHLB advances 24 24 - 24 - Advances from borrowers for taxes and insurance 492 492 - 492 - Interest payable 1 1 - 1 - Fair Value Measurements Using December 31, 2016 Carrying Fair (Level 1) (Level 2) (Level 3) (In thousands) Financial Assets Cash and cash equivalents $ 19,589 $ 19,589 $ 19,589 $ - $ - Interest-bearing time deposits 346 346 346 - - Loans held for sale 2,732 2,732 - - 2,732 Loans, net of allowance for losses 83,048 84,852 - - 84,852 FHLB stock 728 728 - 728 - FHLB lender risk account receivable 2,698 2,795 - - 2,795 Interest receivable 270 270 - 270 - Financial Liabilities Deposits 100,044 99,927 58,724 41,203 - FHLB advances 28 28 - 28 - Advances from borrowers for taxes and insurance 716 716 - 716 - Interest payable 1 1 - 1 -

Commitments and Credit Risk (Ta

Commitments and Credit Risk (Tables)	3 Months Ended
	Mar. 31, 2017
Commitments and Contingencies Disclosure [Abstract]
Schedule of lines of credit	(In thousands) Unused lines of credit $ 2,264 Standby letters of credit - Unused home equity lines 10,713 Total commitments $ 12,977

Nature of Operations and Summ18

Nature of Operations and Summary of Significant Accounting Policies (Detail Textuals) - USD ($) $ in Thousands	Mar. 03, 2017	Mar. 31, 2017
Accounting Policies [Abstract]
Plan of conversion, ownership percentage	100.00%
Maximum subscription percentage of common stock for employee stock ownership plan	8.00%
Common stock contribution funded to foundation	$ 400,000
Contribution for cash funded to a charitable foundation	$ 100,000
Capitalized conversion costs		$ 280,000

Loans and Allowance for Loan 19

Loans and Allowance for Loan Losses (Details) - USD ($) $ in Thousands	Mar. 31, 2017	Dec. 31, 2016	Mar. 31, 2016	Dec. 31, 2015
Loans and Leases Receivable Disclosure [Line Items]
Gross loans	$ 92,625	$ 89,641
Net deferred loan costs	93	98
Loans in process	(5,297)	(5,554)
Allowance for loan losses	(1,150)	(1,137)	$ (1,050)	$ (1,036)
Net loans	86,271	83,048
Residential | Mortgage loans
Loans and Leases Receivable Disclosure [Line Items]
Gross loans	45,013	41,914
Allowance for loan losses	(184)	(166)	(148)	(151)
Residential | Construction Loans
Loans and Leases Receivable Disclosure [Line Items]
Gross loans	8,622	9,468
Allowance for loan losses	(89)	(88)	(71)	(39)
Residential | Mortgage loans, non-owner occupied
Loans and Leases Receivable Disclosure [Line Items]
Gross loans	5,409	5,743
Allowance for loan losses	(165)	(175)	(183)	(204)
Commercial | Commercial real estate and land loans
Loans and Leases Receivable Disclosure [Line Items]
Gross loans	14,571	13,631
Allowance for loan losses	(174)	(164)	(147)	(146)
Commercial | Commercial loans
Loans and Leases Receivable Disclosure [Line Items]
Gross loans	2,323	1,779
Allowance for loan losses	(175)	(173)	(159)	(170)
Home equity and other consumer
Loans and Leases Receivable Disclosure [Line Items]
Gross loans	14,344	14,593
Allowance for loan losses	(335)	(341)	(307)	(290)
Multi-family real estate loans
Loans and Leases Receivable Disclosure [Line Items]
Gross loans	2,343	2,513
Allowance for loan losses	$ (28)	$ (30)	$ (35)	$ (36)

Loans and Allowance for Loan 20

Loans and Allowance for Loan Losses (Details 1) - USD ($) $ in Thousands	3 Months Ended		12 Months Ended
	Mar. 31, 2017	Mar. 31, 2016	Dec. 31, 2016
Allowance for loan losses:
Balance, beginning of year	$ 1,137	$ 1,036	$ 1,036
Provision charged to expense	10	25	83
Losses charged off		(15)	(35)
Recoveries	3	4	53
Balance, end of year	1,150	1,050	1,137
Ending balance: individually evaluated for impairment	230		222
Ending balance: collectively evaluated for impairment	920		915
Loans:
Ending balance	92,625		89,641
Ending balance: individually evaluated for impairment	952		1,005
Ending balance: collectively evaluated for impairment	91,673		88,636
Residential | Mortgage Loans
Allowance for loan losses:
Balance, beginning of year	166	151	151
Provision charged to expense	18	(3)	39
Losses charged off			(35)
Recoveries			11
Balance, end of year	184	148	166
Ending balance: individually evaluated for impairment	25		15
Ending balance: collectively evaluated for impairment	159		151
Loans:
Ending balance	45,013		41,914
Ending balance: individually evaluated for impairment	145		145
Ending balance: collectively evaluated for impairment	44,868		41,769
Residential | Construction loans
Allowance for loan losses:
Balance, beginning of year	88	39	39
Provision charged to expense	1	32	49
Losses charged off
Recoveries
Balance, end of year	89	71	88
Ending balance: individually evaluated for impairment
Ending balance: collectively evaluated for impairment	89		88
Loans:
Ending balance	8,622		9,468
Ending balance: individually evaluated for impairment
Ending balance: collectively evaluated for impairment	8,622		9,468
Residential | Mortgage Loans, Non-Owner Occupied
Allowance for loan losses:
Balance, beginning of year	175	204	204
Provision charged to expense	(10)	(6)	(29)
Losses charged off		(15)
Recoveries
Balance, end of year	165	183	175
Ending balance: individually evaluated for impairment	37		39
Ending balance: collectively evaluated for impairment	128		136
Loans:
Ending balance	5,409		5,743
Ending balance: individually evaluated for impairment	270		319
Ending balance: collectively evaluated for impairment	5,139		5,424
Commercial | Commercial Real Estate and Land Loans
Allowance for loan losses:
Balance, beginning of year	164	146	146
Provision charged to expense	10	1	18
Losses charged off
Recoveries
Balance, end of year	174	147	164
Ending balance: individually evaluated for impairment
Ending balance: collectively evaluated for impairment	174		164
Loans:
Ending balance	14,571		13,631
Ending balance: individually evaluated for impairment	206		207
Ending balance: collectively evaluated for impairment	14,365		13,424
Commercial | Commercial Loans
Allowance for loan losses:
Balance, beginning of year	173	170	170
Provision charged to expense	(1)	(15)	(39)
Losses charged off
Recoveries	3	4	42
Balance, end of year	175	159	173
Ending balance: individually evaluated for impairment	168		168
Ending balance: collectively evaluated for impairment	7		5
Loans:
Ending balance	2,323		1,779
Ending balance: individually evaluated for impairment	330		330
Ending balance: collectively evaluated for impairment	1,993		1,449
Home Equity and Other Consumer
Allowance for loan losses:
Balance, beginning of year	341	290	290
Provision charged to expense	(6)	17	51
Losses charged off
Recoveries
Balance, end of year	335	307	341
Ending balance: individually evaluated for impairment
Ending balance: collectively evaluated for impairment	335		341
Loans:
Ending balance	14,344		14,593
Ending balance: individually evaluated for impairment
Ending balance: collectively evaluated for impairment	14,344		14,593
Multi-Family Real Estate Loans
Allowance for loan losses:
Balance, beginning of year	30	36	36
Provision charged to expense	(2)	(1)	(6)
Losses charged off
Recoveries
Balance, end of year	28	$ 35	30
Ending balance: individually evaluated for impairment
Ending balance: collectively evaluated for impairment	28		30
Loans:
Ending balance	2,343		2,513
Ending balance: individually evaluated for impairment	1		4
Ending balance: collectively evaluated for impairment	$ 2,342		$ 2,509

Loans and Allowance for Loan 21

Loans and Allowance for Loan Losses (Details 2) - USD ($) $ in Thousands	Mar. 31, 2017	Dec. 31, 2016
Financing Receivable, Recorded Investment [Line Items]
Total Loans	$ 92,625	$ 89,641
Satisfactory
Financing Receivable, Recorded Investment [Line Items]
Total Loans	90,602	87,805
Special mention
Financing Receivable, Recorded Investment [Line Items]
Total Loans	94	99
Substandard
Financing Receivable, Recorded Investment [Line Items]
Total Loans	1,929	1,737
Doubtful
Financing Receivable, Recorded Investment [Line Items]
Total Loans
Loss
Financing Receivable, Recorded Investment [Line Items]
Total Loans
Residential | Mortgage Loans
Financing Receivable, Recorded Investment [Line Items]
Total Loans	45,013	41,914
Residential | Mortgage Loans | Satisfactory
Financing Receivable, Recorded Investment [Line Items]
Total Loans	43,843	40,975
Residential | Mortgage Loans | Special mention
Financing Receivable, Recorded Investment [Line Items]
Total Loans
Residential | Mortgage Loans | Substandard
Financing Receivable, Recorded Investment [Line Items]
Total Loans	1,170	939
Residential | Mortgage Loans | Doubtful
Financing Receivable, Recorded Investment [Line Items]
Total Loans
Residential | Mortgage Loans | Loss
Financing Receivable, Recorded Investment [Line Items]
Total Loans
Residential | Construction Loans
Financing Receivable, Recorded Investment [Line Items]
Total Loans	8,622	9,468
Residential | Construction Loans | Satisfactory
Financing Receivable, Recorded Investment [Line Items]
Total Loans	8,622	9,468
Residential | Construction Loans | Special mention
Financing Receivable, Recorded Investment [Line Items]
Total Loans
Residential | Construction Loans | Substandard
Financing Receivable, Recorded Investment [Line Items]
Total Loans
Residential | Construction Loans | Doubtful
Financing Receivable, Recorded Investment [Line Items]
Total Loans
Residential | Construction Loans | Loss
Financing Receivable, Recorded Investment [Line Items]
Total Loans
Residential | Mortgage Loans, Non-Owner Occupied
Financing Receivable, Recorded Investment [Line Items]
Total Loans	5,409	5,743
Residential | Mortgage Loans, Non-Owner Occupied | Satisfactory
Financing Receivable, Recorded Investment [Line Items]
Total Loans	5,223	5,523
Residential | Mortgage Loans, Non-Owner Occupied | Special mention
Financing Receivable, Recorded Investment [Line Items]
Total Loans
Residential | Mortgage Loans, Non-Owner Occupied | Substandard
Financing Receivable, Recorded Investment [Line Items]
Total Loans	186	220
Residential | Mortgage Loans, Non-Owner Occupied | Doubtful
Financing Receivable, Recorded Investment [Line Items]
Total Loans
Residential | Mortgage Loans, Non-Owner Occupied | Loss
Financing Receivable, Recorded Investment [Line Items]
Total Loans
Commercial | Commercial Real Estate and Land Loans
Financing Receivable, Recorded Investment [Line Items]
Total Loans	14,571	13,631
Commercial | Commercial Real Estate and Land Loans | Satisfactory
Financing Receivable, Recorded Investment [Line Items]
Total Loans	14,365	13,424
Commercial | Commercial Real Estate and Land Loans | Special mention
Financing Receivable, Recorded Investment [Line Items]
Total Loans
Commercial | Commercial Real Estate and Land Loans | Substandard
Financing Receivable, Recorded Investment [Line Items]
Total Loans	206	207
Commercial | Commercial Real Estate and Land Loans | Doubtful
Financing Receivable, Recorded Investment [Line Items]
Total Loans
Commercial | Commercial Real Estate and Land Loans | Loss
Financing Receivable, Recorded Investment [Line Items]
Total Loans
Commercial | Commercial Loans
Financing Receivable, Recorded Investment [Line Items]
Total Loans	2,323	1,779
Commercial | Commercial Loans | Satisfactory
Financing Receivable, Recorded Investment [Line Items]
Total Loans	1,899	1,350
Commercial | Commercial Loans | Special mention
Financing Receivable, Recorded Investment [Line Items]
Total Loans	94	99
Commercial | Commercial Loans | Substandard
Financing Receivable, Recorded Investment [Line Items]
Total Loans	330	330
Commercial | Commercial Loans | Doubtful
Financing Receivable, Recorded Investment [Line Items]
Total Loans
Commercial | Commercial Loans | Loss
Financing Receivable, Recorded Investment [Line Items]
Total Loans
Home Equity and Other Consumer
Financing Receivable, Recorded Investment [Line Items]
Total Loans	14,344	14,593
Home Equity and Other Consumer | Satisfactory
Financing Receivable, Recorded Investment [Line Items]
Total Loans	14,308	14,556
Home Equity and Other Consumer | Special mention
Financing Receivable, Recorded Investment [Line Items]
Total Loans
Home Equity and Other Consumer | Substandard
Financing Receivable, Recorded Investment [Line Items]
Total Loans	36	37
Home Equity and Other Consumer | Doubtful
Financing Receivable, Recorded Investment [Line Items]
Total Loans
Home Equity and Other Consumer | Loss
Financing Receivable, Recorded Investment [Line Items]
Total Loans
Multi-Family Real Estate Loans
Financing Receivable, Recorded Investment [Line Items]
Total Loans	2,343	2,513
Multi-Family Real Estate Loans | Satisfactory
Financing Receivable, Recorded Investment [Line Items]
Total Loans	2,342	2,509
Multi-Family Real Estate Loans | Special mention
Financing Receivable, Recorded Investment [Line Items]
Total Loans
Multi-Family Real Estate Loans | Substandard
Financing Receivable, Recorded Investment [Line Items]
Total Loans	1	4
Multi-Family Real Estate Loans | Doubtful
Financing Receivable, Recorded Investment [Line Items]
Total Loans
Multi-Family Real Estate Loans | Loss
Financing Receivable, Recorded Investment [Line Items]
Total Loans

Loans and Allowance for Loan 22

Loans and Allowance for Loan Losses (Details 3) - USD ($) $ in Thousands	Mar. 31, 2017	Dec. 31, 2016
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	$ 1,536	$ 830
Current	91,089	88,811
Total Loans Receivable	92,625	89,641
Recorded Investment 90 Days and Accruing
30-59 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	1,031	295
60-89 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	77	485
90 Days Past Due or More
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	428	50
Residential | Mortgage loans
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	464	469
Current	44,549	41,445
Total Loans Receivable	45,013	41,914
Recorded Investment 90 Days and Accruing
Residential | Mortgage loans | 30-59 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	202	191
Residential | Mortgage loans | 60-89 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	77	278
Residential | Mortgage loans | 90 Days Past Due or More
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	185
Residential | Construction loans
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due
Current	8,622	9,468
Total Loans Receivable	8,622	9,468
Recorded Investment 90 Days and Accruing
Residential | Construction loans | 30-59 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due
Residential | Construction loans | 60-89 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due
Residential | Construction loans | 90 Days Past Due or More
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due
Residential | Mortgage loans, non-owner occupied
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due
Current	5,409	5,743
Total Loans Receivable	5,409	5,743
Recorded Investment 90 Days and Accruing
Residential | Mortgage loans, non-owner occupied | 30-59 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due
Residential | Mortgage loans, non-owner occupied | 60-89 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due
Residential | Mortgage loans, non-owner occupied | 90 Days Past Due or More
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due
Commercial | Commercial real estate and land loans
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	971	207
Current	13,600	13,424
Total Loans Receivable	14,571	13,631
Recorded Investment 90 Days and Accruing
Commercial | Commercial real estate and land loans | 30-59 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	765
Commercial | Commercial real estate and land loans | 60-89 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due		207
Commercial | Commercial real estate and land loans | 90 Days Past Due or More
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	206
Commercial | Commercial loans
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	6
Current	2,317	1,779
Total Loans Receivable	2,323	1,779
Recorded Investment 90 Days and Accruing
Commercial | Commercial loans | 30-59 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	6
Commercial | Commercial loans | 60-89 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due
Commercial | Commercial loans | 90 Days Past Due or More
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due
Home equity and other consumer
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	95	154
Current	14,249	14,439
Total Loans Receivable	14,344	14,593
Recorded Investment 90 Days and Accruing
Home equity and other consumer | 30-59 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	58	104
Home equity and other consumer | 60-89 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due
Home equity and other consumer | 90 Days Past Due or More
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	37	50
Multi-family real estate loans
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due
Current	2,343	2,513
Total Loans Receivable	2,343	2,513
Recorded Investment 90 Days and Accruing
Multi-family real estate loans | 30-59 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due
Multi-family real estate loans | 60-89 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due
Multi-family real estate loans | 90 Days Past Due or More
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due

Loans and Allowance for Loan 23

Loans and Allowance for Loan Losses (Details 4) - USD ($) $ in Thousands	3 Months Ended	12 Months Ended
	Mar. 31, 2017	Dec. 31, 2016
Loans with an allocated allowance:
Recorded Balance Total	$ 952	$ 1,005
Unpaid Principal Balance Total	952	1,005
Allocated Allowance Total	230	222
Average Investment in Impaired Loans Total	978	1,177
Interest Income Recognized Total	10	14
Residential | Mortgage loans
Loans without an allocated allowance:
Recorded Balance		80
Unpaid Principal Balance		80
Average Investment in Impaired Loans		82
Interest Income Recognized		1
Loans with an allocated allowance:
Recorded Balance	145	65
Unpaid Principal Balance	145	65
Average Investment in Impaired Loans	145	67
Interest Income Recognized	2	1
Allocated Allowance Total	25	15
Residential | Construction loans
Loans without an allocated allowance:
Recorded Balance
Unpaid Principal Balance
Average Investment in Impaired Loans
Interest Income Recognized
Loans with an allocated allowance:
Recorded Balance
Unpaid Principal Balance
Average Investment in Impaired Loans
Interest Income Recognized
Allocated Allowance Total
Residential | Mortgage loans, non-owner occupied
Loans without an allocated allowance:
Recorded Balance	69	116
Unpaid Principal Balance	69	116
Average Investment in Impaired Loans	93	266
Interest Income Recognized	2	4
Loans with an allocated allowance:
Recorded Balance	201	203
Unpaid Principal Balance	201	203
Average Investment in Impaired Loans	202	209
Interest Income Recognized	2	2
Allocated Allowance Total	37	39
Commercial | Commercial real estate and land loans
Loans without an allocated allowance:
Recorded Balance	206	207
Unpaid Principal Balance	206	207
Average Investment in Impaired Loans	206	208
Interest Income Recognized	1	2
Loans with an allocated allowance:
Recorded Balance
Unpaid Principal Balance
Average Investment in Impaired Loans
Interest Income Recognized
Allocated Allowance Total
Commercial | Commercial loans
Loans without an allocated allowance:
Recorded Balance
Unpaid Principal Balance
Average Investment in Impaired Loans
Interest Income Recognized
Loans with an allocated allowance:
Recorded Balance	330	330
Unpaid Principal Balance	330	330
Average Investment in Impaired Loans	330	330
Interest Income Recognized	3	4
Allocated Allowance Total	168	168
Home equity and other consumer
Loans without an allocated allowance:
Recorded Balance
Unpaid Principal Balance
Average Investment in Impaired Loans
Interest Income Recognized
Loans with an allocated allowance:
Recorded Balance
Unpaid Principal Balance
Average Investment in Impaired Loans
Interest Income Recognized
Allocated Allowance Total
Multi-family real estate loans
Loans without an allocated allowance:
Recorded Balance	1	4
Unpaid Principal Balance	1	4
Average Investment in Impaired Loans	2	15
Interest Income Recognized
Loans with an allocated allowance:
Recorded Balance
Unpaid Principal Balance
Average Investment in Impaired Loans
Interest Income Recognized
Allocated Allowance Total

Loans and Allowance for Loan 24

Loans and Allowance for Loan Losses (Details 5) - USD ($) $ in Thousands	Mar. 31, 2017	Dec. 31, 2016
Financing Receivable, Modifications [Line Items]
Nonaccrual loans, Total	$ 428	$ 50
Residential | Mortgage loans
Financing Receivable, Modifications [Line Items]
Nonaccrual loans, Total	185
Residential | Construction loans
Financing Receivable, Modifications [Line Items]
Nonaccrual loans, Total
Residential | Mortgage loans, non-owner occupied
Financing Receivable, Modifications [Line Items]
Nonaccrual loans, Total
Commercial | Commercial real estate and land loans
Financing Receivable, Modifications [Line Items]
Nonaccrual loans, Total	206
Commercial | Commercial loans
Financing Receivable, Modifications [Line Items]
Nonaccrual loans, Total
Home equity and other consumer
Financing Receivable, Modifications [Line Items]
Nonaccrual loans, Total	37	50
Multi-family real estate loans
Financing Receivable, Modifications [Line Items]
Nonaccrual loans, Total

Loans and Allowance for Loan 25

Loans and Allowance for Loan Losses (Details 6) $ in Thousands	3 Months Ended	12 Months Ended
	Mar. 31, 2017USD ($)Loan	Dec. 31, 2016USD ($)Loan
Financing Receivable, Modifications [Line Items]
Number of Contracts | Loan	8	9
Recorded Investment | $	$ 680	$ 733
Residential | Mortgage loans
Financing Receivable, Modifications [Line Items]
Number of Contracts | Loan	1	1
Recorded Investment | $	$ 79	$ 80
Residential | Construction loans
Financing Receivable, Modifications [Line Items]
Number of Contracts | Loan
Recorded Investment | $
Residential | Mortgage loans, non-owner occupied
Financing Receivable, Modifications [Line Items]
Number of Contracts | Loan	5	6
Recorded Investment | $	$ 270	$ 319
Commercial | Commercial real estate and land loans
Financing Receivable, Modifications [Line Items]
Number of Contracts | Loan
Recorded Investment | $
Commercial | Commercial loans
Financing Receivable, Modifications [Line Items]
Number of Contracts | Loan	1	1
Recorded Investment | $	$ 330	$ 330
Home equity and other consumer
Financing Receivable, Modifications [Line Items]
Number of Contracts | Loan
Recorded Investment | $
Multi-family real estate loans
Financing Receivable, Modifications [Line Items]
Number of Contracts | Loan	1	1
Recorded Investment | $	$ 1	$ 4

Loans and Allowance for Loan 26

Loans and Allowance for Loan Losses (Detail Textuals) $ in Thousands	3 Months Ended	12 Months Ended
	Mar. 31, 2017USD ($)Loan	Dec. 31, 2016USD ($)LoanPlot
Financing Receivable, Recorded Investment, Past Due [Line Items]
Loans serviced for the benefit of others	$ 1,855	$ 1,930
Number of loans | Loan	8	9
Total troubled debt restructurings	$ 680	$ 733
Remaining troubled debt restructurings	331	334
Foreclosed real estate held for sale, net	$ 36	$ 55
Number of plots in foreclosed real estate | Plot		2
Residential | Mortgage loans and non-owner occupied loans
Financing Receivable, Recorded Investment, Past Due [Line Items]
Number of loans | Loan	6	7
Total troubled debt restructurings	$ 349	$ 399
Troubled debt restructurings with the largest totaling	$ 201	$ 203
Commercial | Commercial loans
Financing Receivable, Recorded Investment, Past Due [Line Items]
Number of loans | Loan	1	1
Total troubled debt restructurings	$ 270	$ 330
Multi-family real estate loans
Financing Receivable, Recorded Investment, Past Due [Line Items]
Number of loans | Loan	1	1
Total troubled debt restructurings	$ 1	$ 4

Regulatory Matters (Details)

Regulatory Matters (Details) - USD ($) $ in Thousands	Mar. 31, 2017	Dec. 31, 2016	Mar. 31, 2016	Dec. 31, 2015
Banking and Thrift [Abstract]
Equity	$ 13,703	$ 13,477	$ 12,687	$ 12,017
Allowance for loan losses	1,150	1,137	$ 1,050	$ 1,036
Total Capital (to Risk Weighted Assets) Actual Amount	$ 14,853	$ 14,614
Total Capital (to Risk Weighted Assets) Actual Ratio	13.60%	14.10%
Total Capital (to Risk Weighted Assets) Minimum Required for Capital Adequacy Purposes Amount	$ 8,745	$ 8,283
Total Capital (to Risk Weighted Assets) Minimum Required for Capital Adequacy Purposes Ratio	8.00%	8.00%
Total Capital (to Risk Weighted Assets) To Be Well Capitalized Under Prompt Corrective Action Amount	$ 10,931	$ 10,354
Total Capital (to Risk Weighted Assets) To Be Well Capitalized Under Prompt Corrective Action Ratio	10.00%	10.00%
Tier I Capital (to Risk Weighted Assets) Actual Amount	$ 13,703	$ 13,477
Tier I Capital (to Risk Weighted Assets) Actual Ratio	12.50%	13.00%
Tier I Capital (to Risk Weighted Assets) Minimum Required for Capital Adequacy Purposes Amount	$ 6,558	$ 6,212
Tier I Capital (to Risk Weighted Assets) Minimum Required for Capital Adequacy Purposes Ratio	6.00%	6.00%
Tier I Capital (to Risk Weighted Assets) To Be Well Capitalized Under Prompt Corrective Action Amount	$ 8,745	$ 8,283
Tier I Capital (to Risk Weighted Assets) To Be Well Capitalized Under Prompt Corrective Action Ratio	8.00%	8.00%
Common Equity Tier I Capital (to Risk Weighted Assets) Actual Amount	$ 13,703	$ 13,477
Common Equity Tier I Capital (to Risk Weighted Assets) Actual Ratio	12.50%	13.00%
Common Equity Tier I Capital (to Risk Weighted Assets) Minimum Required for Capital Adequacy Purposes Amount	$ 4,919	$ 4,659
Common Equity Tier I Capital (to Risk Weighted Assets) Minimum Required for Capital Adequacy Purposes Ratio	4.50%	4.50%
Common Equity Tier I Capital (to Risk Weighted Assets) To Be Well Capitalized Under Prompt Corrective Action Amount	$ 7,105	$ 6,730
Common Equity Tier I Capital (to Risk Weighted Assets) To Be Well Capitalized Under Prompt Corrective Action Ratio	6.50%	6.50%
Tier I Leverage Capital (to Average Assets) Actual Amount	$ 13,703	$ 13,477
Tier I Leverage Capital (to Average Assets) Actual Ratio	11.80%	11.70%
Tier I Leverage Capital (to Average Assets) Minimum Required for Capital Adequacy Purposes Amount	$ 4,641	$ 4,620
Tier I Leverage Capital (to Average Assets) Minimum Required for Capital Adequacy Purposes Ratio	4.00%	4.00%
Tier I Leverage Capital (to Average Assets) To Be Well Capitalized Under Prompt Corrective Action Amount	$ 5,802	$ 5,775
Tier I Leverage Capital (to Average Assets) To Be Well Capitalized Under Prompt Corrective Action Ratio	5.00%	5.00%

Regulatory Matters (Detail Text

Regulatory Matters (Detail Textuals)	3 Months Ended
	Mar. 31, 2017
Banking and Thrift [Abstract]
Percentage Of Capital Conservation Buffer Requirement Of Risk Weighted Assets	0.625%
Increased Capital Conservation Buffer Requirement Of Risk Weighted Asset	2.50%

Disclosure About Fair Values 29

Disclosure About Fair Values of Assets and Liabilities (Details) - Fair Value, Measurements, Nonrecurring - Fair Value - USD ($) $ in Thousands	Mar. 31, 2017	Dec. 31, 2016
Impaired loans (collateral dependent)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets, fair value	$ 445	$ 376
Foreclosed assets held for sale
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets, fair value	36	55
Level 1 | Impaired loans (collateral dependent)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets, fair value
Level 1 | Foreclosed assets held for sale
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets, fair value
Level 2 | Impaired loans (collateral dependent)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets, fair value
Level 2 | Foreclosed assets held for sale
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets, fair value
Level 3 | Impaired loans (collateral dependent)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets, fair value	445	376
Level 3 | Foreclosed assets held for sale
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets, fair value	$ 36	$ 55

Disclosure About Fair Values 30

Disclosure About Fair Values of Assets and Liabilities (Details 1) - Fair Value, Measurements, Nonrecurring - Fair Value - USD ($) $ in Thousands	3 Months Ended	12 Months Ended
	Mar. 31, 2017	Dec. 31, 2016
Impaired loans (collateral dependent)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets, fair value	$ 445	$ 376
Foreclosed assets held for sale
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets, fair value	36	55
Level 3 | Impaired loans (collateral dependent)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets, fair value	$ 445	$ 376
Valuation Technique	Market comparable properties	Market comparable properties
Unobservable Inputs	Marketability discount	Marketability discount
Level 3 | Impaired loans (collateral dependent) | Minimum
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Marketability discount rate	10.00%	10.00%
Level 3 | Impaired loans (collateral dependent) | Maximum
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Marketability discount rate	15.00%	15.00%
Level 3 | Foreclosed assets held for sale
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets, fair value	$ 36	$ 55
Valuation Technique	Market comparable properties	Market comparable properties
Unobservable Inputs	Marketability discount	Marketability discount
Level 3 | Foreclosed assets held for sale | Minimum
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Marketability discount rate	10.00%	10.00%
Level 3 | Foreclosed assets held for sale | Maximum
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Marketability discount rate	15.00%	15.00%

Disclosure About Fair Values 31

Disclosure About Fair Values of Assets and Liabilities (Details 2) - USD ($) $ in Thousands	Mar. 31, 2017	Dec. 31, 2016
Carrying Amount
Financial Assets
Cash and cash equivalents	$ 17,078	$ 19,589
Interest-bearing time deposits	346	346
Loans held for sale	4,690	2,732
Loans, net of allowance for losses	86,271	83,048
FHLB stock	728	728
FHLB lender risk account receivable	2,942	2,698
Interest receivable	277	270
Financial Liabilities
Deposits	103,091	100,044
FHLB advances	24	28
Advances from borrowers for taxes and insurance	492	716
Interest payable	1	1
Fair Value
Financial Assets
Cash and cash equivalents	17,078	19,589
Interest-bearing time deposits	346	346
Loans held for sale	4,690	2,732
Loans, net of allowance for losses	88,450	84,852
FHLB stock	728	728
FHLB lender risk account receivable	2,875	2,795
Interest receivable	277	270
Financial Liabilities
Deposits	103,316	99,927
FHLB advances	24	28
Advances from borrowers for taxes and insurance	492	716
Interest payable	1	1
Level 1 | Fair Value
Financial Assets
Cash and cash equivalents	17,078	19,589
Interest-bearing time deposits	346	346
Loans held for sale
Loans, net of allowance for losses
FHLB stock
FHLB lender risk account receivable
Interest receivable
Financial Liabilities
Deposits	60,507	58,724
FHLB advances
Advances from borrowers for taxes and insurance
Interest payable
Level 2 | Fair Value
Financial Assets
Cash and cash equivalents
Interest-bearing time deposits
Loans held for sale
Loans, net of allowance for losses
FHLB stock	728	728
FHLB lender risk account receivable
Interest receivable	277	270
Financial Liabilities
Deposits	42,809	41,203
FHLB advances	24	28
Advances from borrowers for taxes and insurance	492	716
Interest payable	1	1
Level 3 | Fair Value
Financial Assets
Cash and cash equivalents
Interest-bearing time deposits
Loans held for sale	4,690	2,732
Loans, net of allowance for losses	88,450	84,852
FHLB stock
FHLB lender risk account receivable	2,875	2,795
Interest receivable
Financial Liabilities
Deposits
FHLB advances
Advances from borrowers for taxes and insurance
Interest payable

Disclosure About Fair Values 32

Disclosure About Fair Values of Assets and Liabilities (Detail Textuals) - USD ($) $ in Thousands	3 Months Ended	12 Months Ended
	Mar. 31, 2017	Dec. 31, 2016
Impaired loans (collateral dependent)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value adjustments, allocated allowances and charge-offs	$ 0	$ 18
Foreclosed assets held for sale
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value adjustments, allocated allowances and charge-offs	$ 0	$ 18

Commitments and Credit Risk (De

Commitments and Credit Risk (Details) $ in Thousands	Mar. 31, 2017USD ($)
Line of Credit Facility [Line Items]
Total commitments	$ 12,977
Unused lines of credit
Line of Credit Facility [Line Items]
Total commitments	2,264
Unused home equity lines
Line of Credit Facility [Line Items]
Total commitments	10,713
Standby letters of credit
Line of Credit Facility [Line Items]
Total commitments

Commitments and Credit Risk (34

Commitments and Credit Risk (Detail Textuals) - USD ($) $ in Thousands	Mar. 31, 2017	Dec. 31, 2016
Other Commitments [Line Items]
Undisbursed loans in process	$ 5,297	$ 5,554
Minimum
Other Commitments [Line Items]
Loans approved but not yet originated with fixed interest rate percentage	3.25%	3.25%
Maximum
Other Commitments [Line Items]
Loans approved but not yet originated with fixed interest rate percentage	4.625%	4.50%
Residential real estate | One-to four-family
Other Commitments [Line Items]
Loans approved but not yet originated with fixed interest rate	$ 234	$ 436
Loans approved but not yet originated with fixed interest rate percentage	4.00%
Residential real estate | One-to four-family | Minimum
Other Commitments [Line Items]
Loans approved but not yet originated with fixed interest rate percentage		3.875%
Residential real estate | One-to four-family | Maximum
Other Commitments [Line Items]
Loans approved but not yet originated with fixed interest rate percentage		4.125%