Heritage NOLA Bancorp (HRGG) 10-K 30 Mar 18 2017 FY Annual report Financial data

Document and Entity Information

Document and Entity Information - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2017	Mar. 24, 2018	Jun. 30, 2017
Document And Entity Information [Abstract]
Entity Registrant Name	Heritage NOLA Bancorp, Inc.
Entity Central Index Key	1,700,175
Trading Symbol	hrgg
Entity Current Reporting Status	Yes
Entity Voluntary Filers	No
Current Fiscal Year End Date	--12-31
Entity Filer Category	Smaller Reporting Company
Entity Well-known Seasoned Issuer	No
Entity Common Stock, Shares Outstanding		1,653,125
Entity Public Float			$ 17.4
Document Type	10-K
Document Period End Date	Dec. 31, 2017
Amendment Flag	false
Document Fiscal Year Focus	2,017
Document Fiscal Period Focus	FY

BALANCE SHEETS

BALANCE SHEETS - USD ($) $ in Thousands	Dec. 31, 2017	Dec. 31, 2016
ASSETS
Cash and Due from Banks	$ 398	$ 530
Interest Earning Deposits in Banks	3,640	2,902
Total Cash and Cash Equivalents	4,038	3,432
Interest Earning Time Deposits in Banks	3,586	4,582
Securities Available for Sale, at Fair Value	5,523	7,175
Securities Held to Maturity	651	832
Loans Receivable, Net of Unearned Income	88,791	75,351
Allowance for Loan Losses	(756)	(692)
Total Loans, Net	88,035	74,659
Premises and Equipment	4,109	3,716
Federal Home Loan Bank Stock	784	495
Bank Owned Life Insurance	2,051	2,001
Foreclosed Real Estate	84	93
Mortgage Servicing Rights	348	325
Accrued Interest Receivable	370	318
Prepaid Expenses and Other Assets	380	387
Total Assets	109,959	98,015
LIABILITIES AND EQUITY
Interest Bearing Deposits	67,728	69,901
Noninterest Bearing Deposits	2,874	4,350
Total Deposits	70,602	74,251
Borrowed Funds	14,064	13,274
Advances from Borrowers for Taxes and Insurance	264	275
Accrued Expenses and Other Liabilities	858	755
Total Liabilities	85,788	88,555
Commitments and Contingencies (Note B)
Shareholders' Equity
Preferred Stock, $0.01 Par Value, 1,000,000 Shares Authorized, None Issued
Common Stock, $0.01 Par Value, 9,000,000 Shares Authorized, 1,653,125 Shares Issued and Outstanding	17
Additional Paid-in Capital	15,440
Unallocated Common Stock Held By:
Employee Stock Ownership Plan (ESOP)	(1,270)
Retained Earnings	9,977	9,429
Accumulated Other Comprehensive Income	7	31
Total Shareholders' Equity	24,171	9,460
Total Liabilities and Shareholders' Equity	$ 109,959	$ 98,015

BALANCE SHEETS (Parentheticals)

BALANCE SHEETS (Parentheticals) - $ / shares	Dec. 31, 2017	Dec. 31, 2016
Statement of Financial Position [Abstract]
Preferred stock, par value (in dollars per share)	$ 0.01	$ 0.01
Preferred stock, shares authorized	1,000,000	1,000,000
Preferred stock, shares issued	0	0
Common stock, par value (in dollars per share)	$ 0.01	$ 0.01
Common stock, shares authorized	9,000,000	9,000,000
Common stock, shares issued	1,653,125	1,653,125
Common stock, shares outstanding	1,653,125	1,653,125

STATEMENTS OF INCOME

STATEMENTS OF INCOME - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016
Interest Income
Loans, including Fees	$ 4,247	$ 3,849
Investment Securities	138	143
Other Interest Earning Assets	143	93
Total Interest Income	4,528	4,085
Interest Expense
Deposits	819	833
Borrowed Funds	203	160
Total Interest Expense	1,022	993
Net Interest Income	3,506	3,092
Provision for Loan Losses	80	180
Net Interest Income after Provision for Loan Losses	3,426	2,912
Noninterest Income
Gain on Sale of Loans Originated for Sale	63	111
Loan Servicing Income	164	200
Gain (Loss) on Sale of Foreclosed Real Estate	1	(50)
Other Income	89	90
Total Noninterest Income	317	351
Noninterest Expense
Salaries and Employee Benefits	1,658	1,592
Occupancy and Equipment	346	366
Data Processing	212	197
FDIC Insurance and Examination Fees	98	132
Director Compensation	73	80
Expense on Foreclosed Real Estate	5	32
Write-down of Foreclosed Real Estate		90
Advertising	96	90
Other	439	416
Total Noninterest Expense	2,927	2,995
Income Before Income Tax Expense	816	268
Income Tax Expense	267	110
Net Income	$ 549	$ 158
Earnings per share: Basic and Diluted (in dollars per share)	$ 0.36

STATEMENTS OF COMPREHENSIVE INC

STATEMENTS OF COMPREHENSIVE INCOME (LOSS) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016
Statement of Comprehensive Income [Abstract]
Net Income	$ 549	$ 158
Other Comprehensive Income (Loss):
Unrealized Holding Gains (Losses) on Securities Available for Sale	(39)	(35)
Income Tax Effect	14	11
Total Other Comprehensive Income (Loss)	(25)	(24)
Comprehensive Income	$ 524	$ 134

STATEMENTS OF CHANGES IN SHAREH

STATEMENTS OF CHANGES IN SHAREHOLDERS' EQUITY - USD ($) $ in Thousands	Common Stock	Additional Paid In Capital	Unallocated ESOP Shares	Retained Earnings	Accumulated Other Comprehensive Income (Loss)	Total
Balance at Dec. 31, 2015				$ 9,271	$ 55	$ 9,326
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net Income				158		158
Other Comprehensive Income (Loss)					(24)	(24)
Balance at Dec. 31, 2016				9,429	31	9,460
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Proceeds from issuance of common stock	$ 17	$ 15,430	$ (1,323)			14,124
ESOP shares earned		10	53			63
Net Income				549		549
Adjustment to Other Comprehensive Income/Loss due to Federal Tax Law Change				(1)	1
Other Comprehensive Income (Loss)					(25)	(25)
Balance at Dec. 31, 2017	$ 17	$ 15,440	$ (1,270)	$ 9,977	$ 7	$ 24,171

STATEMENTS OF CASH FLOWS

STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016
Cash Flows from Operating Activities
Net Income	$ 549	$ 158
Adjustments to Reconcile Net Income (Loss) to Net Cash from Operating Activities
Provision for Loan Losses	80	180
Writedowns of Foreclosed Real Estate		90
Provision for Depreciation	174	184
Deferred Income Tax Expense (Benefit)	(35)	47
Change in Mortgage Servicing Rights	(23)	(43)
(Accretion) Amortization of Premiums and Discounts on Securities	45	44
(Accretion) Amortization of Deferred Loan Origination Fees	16	(37)
Gain on Sale of Loans Originated for Sale	(63)	(111)
Stock dividends on FHLB Stock	(12)	(6)
Non-cash compensation for ESOP	63
Gain or Loss on Sale of Foreclosed Real Estate	(1)	50
(Increase) Decrease in Accrued Interest Receivable	(52)	1
(Increase) Decrease in Bank Owned Life Insurance	(50)	(52)
(Increase) Decrease in Prepaid Expenses and Other Assets	56	(167)
Increase (Decrease) in Accrued Expenses and Other Liabilities	103	108
Net Cash provided by Operating Activities	850	446
Cash Flows from Investing Activities
Purchases of Securities Available For Sale		(2,069)
Principal Collected on Securities Available for Sale	1,575	1,724
Principal Collected on Securities Held to Maturity	174	269
Purchase of Federal Home Loan Bank Stock	(277)	(29)
Net Change in Interest-earning time Deposits at Banks	996	249
Net (Increase) Decrease in Loans	(16,865)	(9,477)
Proceeds from Sales of Loans	3,456	6,752
Purchases of Premises and Equipment	(567)	(8)
Proceeds from Sales of Foreclosed Real Estate	10	523
Net Cash provided by (used in) Investing Activities	(11,498)	(2,066)
Cash Flows from Financing Activities
Net Increase (Decrease) in Deposits	(3,649)	672
Net Proceeds from Stock Offering	15,447
Loan to ESOP for Purchase of Stock	(1,323)
Advances from Borrowers for Taxes and Insurance	(11)	21
Borrowed Funds	13,550	8,400
Repayments of Borrowed Funds	(12,760)	(7,782)
Net Cash provided by Financing Activities	11,254	1,311
Net Change in Cash and Cash Equivalents	606	(309)
Cash and Cash Equivalents - Beginning of Year	3,432	3,741
Cash and Cash Equivalents - End of Year	4,038	3,432
Cash paid during the period for:
Interest Paid on Deposits	817	833
Interest Paid on Borrowed Funds	200	160
Income Taxes Paid	$ 267	$ 110

Summary of Significant Accounti

Summary of Significant Accounting Policies	12 Months Ended
	Dec. 31, 2017
Accounting Policies [Abstract]
Summary of Significant Accounting Policies	Note A - Summary of Significant Accounting Policies - Nature of Operations Heritage NOLA Bancorp, Inc. (the “Company”) (OTC Pink Marketplace – HRGG) was formed to serve as the stock holding company for Heritage Bank of St. Tammany (the “Bank”) upon completion of its mutual-to-stock conversion. The conversion was effective July 12, 2017. Heritage NOLA Bancorp, Inc. issued 1,653,125 shares at an offering price of $10.00 per share. The Bank is a community bank providing various financial services through its two branches in Slidell and Covington, Louisiana. The primary lending products are single-family residential loans and commercial real estate loans. The primary deposit products are demand and savings accounts, and certificates of deposit. Principles of Consolidation The consolidated financial statements as of and for the year ended December 31, 2017, include Heritage NOLA Bancorp, Inc. and its wholly-owned subsidiary the Bank, together referred to as the Company. Intercompany transactions and balances have been eliminated in consolidation. The financial statements as of and for the year ended December 31, 2016 represent the Bank only, as the conversion to stock form, including the formation of Heritage NOLA Bancorp, Inc., was completed on July 12, 2017. References herein to the Company for periods prior to the completion of the stock conversion should be deemed to refer to the Bank. Significant Group Concentrations of Credit Risk Most of the Company's activities are with customers located within St. Tammany Parish, Louisiana. The types of securities that the Company invests in are included in Note C. The types of lending that the Company engages in are included in Note D. The Company does not have any significant concentrations to any one industry or customer. Real estate loans related to residential properties represented 77% and 85% of the total loan portfolio at December 31, 2017 and 2016, respectively. Fair Value of Financial Instruments Fair values of financial instruments are estimated using relevant market information and other assumptions. Fair value estimates involve uncertainties and matters of significant judgment. Changes in assumptions or in market conditions could significantly affect the estimate. Cash and Cash Equivalents For purposes of the statement of cash flows, cash and cash equivalents, are defined as all highly liquid debt instruments, excluding securities, with original maturities at purchase of three months or less. Interest Earning Time Deposits Interest earning time deposits in banks with original maturities at purchase of greater than three months. These deposits are carried at cost. Securities Securities are classified in three categories at the time of purchase and accounted for as follows: Securities that the Company has the positive intent and ability to hold to maturity are classified as held to maturity and reported at cost, adjusted for amortization of premiums and accretion of discounts which are recognized in interest income using the interest method. Securities that are bought and held by the Company primarily for the purpose of selling them in the near future are classified as trading securities and reported at fair value. Unrealized gains and losses are included in earnings. The Company had no securities classified as trading as of December 31, 2017 and 2016. Securities classified as available for sale are those securities that the Company intends to hold for an indefinite period of time but not necessarily to maturity. Any decision to sell a security classified as available for sale would be based on various factors including changes in market interest rates, liquidity needs, changes in yields or alternative investments, and for other reasons. They are reported at fair value. Amortization of premiums and accretion of discounts are recognized in interest income using the interest method. Unrealized gains and losses, net of income tax, are excluded from earnings and reported as a separate component of equity until realized. Gains and losses on the sale of securities available for sale are determined using the specific identification method. Declines in the fair value of individual held to maturity and available for sale securities below their cost that are other-than-temporary result in write-downs of the individual securities to their fair value. The related write-downs are included in earnings as realized losses. On a quarterly basis (and more frequently when economic or market conditions warrant), management evaluates the investment securities portfolio on an individual security basis for other-than- temporary impairment (OTTI). If a security is in a loss position, management will determine if OTTI exists and will consider the following. First, if it is probable that the issuer of the security will be unable to pay all amounts due according to the contractual terms of the debt security, OTTI will be recognized. Second, if management intends to sell the security and does not expect to recover the loss before the anticipated sale date, OTTI will be recognized. In both instances, OTTI will be recognized for the affected security equal to the difference between the fair value and amortized cost through a charge to earnings. Third, if a security does not meet either of the criteria above and is both in a loss position for greater than one year and at a current loss of 10% or more, management will evaluate its ability and intent to retain its investment for a period of time sufficient to allow for any anticipated recovery in fair value. Federal Home Loan Bank of Dallas (FHLB) Stock FHLB stock is redeemable at par value at the discretion of the FHLB and is used to collateralize FHLB advances. The stock is carried at cost which approximates fair value. The Bank is a member of the FHLB System which requires the Bank to purchase and maintain stock in the FHLB. The requirement is generally 0.04% of total assets at the most recent December 31 plus 4.10% of outstanding FHLB advances. The Bank was in compliance with these requirements at December 31, 2017 and 2016. Loans Receivable The Bank grants land, residential, commercial real estate, and consumer loans to customers. A substantial portion of the loan portfolio is represented by real estate loans primarily in St. Tammany Parish. The ability of the Bank's debtors to honor their contracts is dependent upon the real estate and general economic conditions in this area. Loans that management has the intent and ability to hold for the foreseeable future or until maturity or payoff generally are reported at their outstanding unpaid principal balances adjusted for charge-offs, the allowance for loan losses, and any deferred loan fees or costs on originated loans. For loans amortized at cost, interest income is accrued based on the unpaid principal balance. Loan origination fees, net of direct loan origination costs, are deferred and amortized as a level yield adjustment over the respective term of the loan. The accrual of interest on the loans is discontinued at the time the loan is 90 days past due unless the credit is well-secured and in process of collection. Loans are typically charged off not later than 180 days past due. Past due status is based on contractual terms of the loan. In all cases, loans are placed on nonaccrual or charged off at an earlier date if collection of principal or interest is considered doubtful. All interest accrued but not collected for loans that are placed on nonaccrual or charged off is reversed against interest income. The interest on these loans is accounted for on the cash basis or cost recovery method, until qualifying for return to accrual. Loans are returned to accrual status when all the principal and interest amounts contractually due are brought current and future payments are reasonably assured. Allowance for Loan Losses The allowance for loan losses is established as losses are estimated to have occurred through a provision for loan losses charged to earnings. Loan losses are charged against the allowance when management believes the uncollectability of a loan balance is confirmed. Subsequent recoveries, if any, are credited to the allowance. The allowance for loan losses is evaluated on a regular basis by management and is based upon management's periodic review of the collectability of the loans in light of historical experience, the nature and volume of the loan portfolio, adverse situations that may affect the borrower's ability to repay, estimated value of any underlying collateral and prevailing economic conditions. This evaluation is inherently subjective as it requires estimates that are susceptible to significant revision as more information becomes available. The allowance consists of allocated and general components. The allocated component relates to loans that are classified as impaired. For those loans that are classified as impaired, an allowance is established when the discounted cash flows (or collateral value or observable market price) of the impaired loan is lower than the carrying value of that loan. The general component covers non-classified loans and is based on historical charge-off experience. Other adjustments may be made to the allowance for pools of loans after an assessment of internal and external influence on credit quality that are not fully reflected in the historical loss or risk rating data. A loan is considered impaired when, based upon current information and events, it is probable that the Bank will be unable to collect the scheduled payments of principal and interest when due according to the contractual terms of the loan agreement. Factors considered by management in determining impairment include payment status, collateral value, and the probability of collecting scheduled principal and interest payments when due. Loans that experience insignificant payment delays and payment shortfalls are considered on a case by case basis, taking into consideration all of the circumstances surrounding the loan and the borrower, including the length of the delay, the reasons for the delay, the borrower's prior payment record, and the amount of the shortfall in relation to the principal and interest owed. Impairment is measured on a loan by loan basis by either the present value of expected future cash flows discounted at the loan's effective interest rate, the loan's obtainable market price, or the fair value of the collateral if the loan is collateral dependent. Mortgage Servicing Rights Mortgage servicing rights are recognized separately when rights are acquired through the sale or servicing of financial assets. Under authorization guidance of FASB ASC 860-50, servicing rights resulting from the sale of loans originated by the Bank are initially measured at fair value at the date of transfer. The Bank subsequently measures each class of servicing asset using the amortization method. Under the amortization method, servicing rights are amortized in proportion to and over the period of estimated net servicing income. The amortized assets are assessed for impairment or increased obligation based on fair value at each reporting date. Servicing fee income is recorded for fees earned for servicing loans. The fees are based on a contractual percentage of the outstanding principal or a fixed amount per loan and are recorded as income when earned. The amortization of mortgage servicing rights is netted against loan servicing fee income. Foreclosed Real Estate Foreclosed real estate properties acquired through, or in lieu of, loan foreclosure are held for sale and are initially recorded at fair value less estimated costs to sell at the date of foreclosure. Loan losses arising from the acquisition of these properties are charged against the allowance for loan losses. After foreclosure, valuations are periodically performed by management and the real estate is carried at the lower of carrying amount or fair value less estimated costs to sell. Costs relating to development and improvement of property are capitalized, whereas costs relating to holding property are expensed. Premises and Equipment Premises and equipment are stated at cost less accumulated depreciation. Depreciation is computed by the straight-line method (book purposes) or accelerated methods (tax purposes) over the estimated useful lives of the assets. Land is carried at cost. The cost of assets retired or otherwise disposed of and the related accumulated depreciation are eliminated from the accounts in the year of disposal and the resulting gains or losses are included in current operations. Bank Owned Life Insurance The cash surrender value of bank owned life insurance policies represents the value of life insurance policies on certain current and former officers of the Company for which the Company is the beneficiary. The Company accounts for these assets using the cash surrender value method in determining the carrying value of the insurance policies. Earnings Per Share Since the stock conversion and offering took place in July, 2017, earnings per share is not applicable to the full year ended December 31, 2017 and not applicable to the year ended December 31, 2016. Earnings per common share were computed based on the following: Year Ended December 31, (in thousands, except per share data) 2017 Numerator: Net income available to common shareholders $ 549 Denominator: Average common shares outstanding (Total issued, less unallocated ESOP shares) 1,521 Dilutive stock options - 1,521 Basic (and Diluted) earnings per common share $ 0.36 Income Taxes Current income tax expense reflects taxes to be paid or refunded for the current period by applying the provisions of the enacted tax law to the taxable income or excess of deductions over revenues. The Bank determines deferred income taxes using the liability (or balance sheet) method. Under this method, the net deferred tax asset or liability is based on the tax effects of the differences between book and tax bases of assets and liabilities, and enacted changes in tax rates and laws are recognized in the period in which they occur. Deferred income tax expense results from changes in deferred tax assets and liabilities between periods. Deferred tax assets are recognized if it is more likely than not, based on the technical merits, that the tax position will be realized or sustained upon examination. The term more likely than not means a likelihood of more than 50 percent; the terms examined and upon examination also include resolution of the related appeals or litigation process, if any. A tax position that meets the more-likely-than-not recognition threshold is initially and subsequently measured as the largest amount of tax benefit that has a greater than 50 percent likelihood of being realized upon settlement with the taxing authority that has full knowledge of all relevant information. The determination of whether or not a tax position has met the more-likely-than-not recognition threshold considers the facts, circumstances, and information available at the reporting date and is subject to management's judgment. Deferred tax assets are reduced by a valuation allowance if, based on the weight of evidence available, it is more likely than not that some portion or all of a deferred tax asset will not be realized. The income tax accounting guidance related to accounting for uncertainty in income taxes sets out a consistent framework to determine the appropriate level of tax reserves to maintain for uncertain tax positions. As of December 31, 2017 and 2016, management is not aware of any uncertain tax positions that would have a material effect on the Bank's financial statements. Advertising Costs Advertising costs are expensed as incurred. Compensated Absences Employees of the Bank are entitled to paid vacation, paid sick days and personal days off, depending on length of service and other factors. It is impractical to estimate the amount of compensation for future absences, and, accordingly, no liability has been recorded in the accompanying financial statements. The Bank’s policy is to recognize the costs of compensated absences when actually paid to employees. Estimates The use of estimates in the preparation of financial statements in conformity with accounting principles generally accepted in the United States of America (GAAP) 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 foreclosed real estate, and the valuation allowance for deferred tax assets. In connection with the determination of the allowance for loan losses and valuation of foreclosed real estate, management obtains independent appraisals for significant properties. With regard to the valuation allowance for deferred tax assets, management has developed a tax-planning strategy. In the ordinary course of business, the Bank enters into off-balance-sheet financial instruments consisting of commitments to extend credit, including unfunded commitments under lines of credit. Such financial instruments are recorded in the financial statements when they are funded. Comprehensive Income The Bank reports comprehensive income in accordance with the accounting guidance related to FAS ASC 220, Comprehensive Income. Recent Accounting Pronouncements Emerging Growth Company Status The Company qualifies as an “emerging growth company” under the Jumpstart Our Business Startups Act of 2012 (the “JOBS Act”). For as long as the Company is an emerging growth company, it may choose to take advantage of exemptions from various reporting requirement applicable to other public companies but not to emerging growth companies. An emerging growth company may elect to use the extended transition period to delay adoption of new or revised accounting pronouncements applicable to public companies until such pronouncements are made applicable to private companies, but must make such election when the company is first required to file a registration statement. The Company has elected to use the extended transition period described above and intends to maintain its emerging growth company status as allowed under the JOBS Act. In May 2014, the FASB issued ASU 2014-09, Revenue from Contracts with Customers (Topic 606). 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. In February 2016, the FASB issued ASU 2016-02, Leases (Topic 842), Conforming Amendments Related to Leases In June 2016, the FASB issued ASU 2016-13, Financial Instruments – Credit Losses (Topic 326), Measurement of Credit Losses on Financial Instruments In August 2016, the FASB issued ASU No. 2016-15, Statement of Cash Flows (Topic 230): Classification of Certain Cash Receipts and Cash Payments In February 2018, the FASB issued ASU No. 2018-02, Income Statement – Reporting Comprehensive Income (Topic 220) Reclassifications Certain reclassifications have been made to the 2016 financial information in order to conform to the 2017 financial statement presentation. Such reclassifications had no effect on previously reported net income. Subsequent Events In preparing the financial statements, the Bank has evaluated events and transactions for potential recognition or disclosure through March 29, 2018, the date the financial statements were available to be issued.

Commitments and Contingencies

Commitments and Contingencies	12 Months Ended
	Dec. 31, 2017
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	Note B – Commitments and Contingencies - The Bank is a party to financial instruments with off-balance-sheet risk to meet the financing needs of its customers. These financial instruments are commitments to extend credit. The instruments contain various elements of credit and interest rate risk in excess of the amount recognized in the balance sheets. The Bank's exposure to credit loss, if the other party to the financial instrument for commitments to extend credit does not perform, is the contractual amount of those instruments. The Bank uses the same credit policies in making commitments that it does for on-balance-sheet financial instruments. The Bank had loan commitments at December 31, 2017 of $1,809,000 at an average fixed rate of 4.77%. The Bank had loan commitments at December 31, 2016 of $955,000 at an average rate of 3.89%. At December 31, 2017 and 2016, the Bank had unfunded commitments under home equity lines of credit of $2,262,000 and $1,837,000 at an effective variable rate of 4.848% and 4.283%, respectively. The Bank maintained cash accounts at various financial institutions during 2017 and 2016. The Federal Deposit Insurance Corporation (FDIC) provides insurance coverage under defined limits. At various times in 2017 and 2016, the Bank had funds on deposit at these institutions which were in excess of the insured amount. Deposits at the FHLB are not subject to insurance coverage. Commitments to extend credit are agreements to lend to a customer if there is no violation of any contract conditions. Commitments generally have fixed expiration dates or other termination clauses and may require payment of a fee. Since some of the commitments are expected to expire without being drawn upon, the total commitment amounts do not necessarily represent future cash requirements. Management evaluates each customer's credit request separately and determines and obtains the amount of collateral needed when credit is extended. Collateral includes primarily real estate. The Bank has established a federal funds line of credit agreement with First National Bankers Bank (FNBB) that renews annually on June 30. In 2017 the line was renewed at $3,000,000 until 2018. The interest rate would be set by FNBB on the day any borrowing occurs. There were no borrowings under this agreement in either 2017 or 2016.

Investment Securities

Investment Securities	12 Months Ended
	Dec. 31, 2017
Investments, Debt and Equity Securities [Abstract]
Investment Securities	Note C - Investment Securities - The amortized costs and estimated fair values of securities at December 31 were as follows: December 31, 2017 Gross Gross Amortized Unrealized Unrealized Fair (in thousands) Cost Gains (Losses) Value Available for Sale: Mortgage-Backed Securities $ 5,514 $ 57 $ (48 ) $ 5,523 Held to Maturity: Mortgage-Backed Securities $ 651 $ - $ (10 ) $ 641 December 31, 2016 Gross Gross Amortized Unrealized Unrealized Fair (in thousands) Cost Gains (Losses) Value Available for Sale: Mortgage-Backed Securities $ 7,126 $ 87 $ (38 ) $ 7,175 Held to Maturity: Mortgage-Backed Securities $ 832 $ 1 $ (9 ) $ 824 There were no securities sold in 2017 and 2016. All mortgage-backed securities held on December 31, 2017 and 2016 were government-sponsored mortgage-back securities. The amortized cost and fair value of investment securities at December 31, 2017, by contractual maturity are shown below. Expected maturities will differ from contractual maturities because borrowers may have the right to call or prepay obligations with or without call or prepayment penalties. The scheduled contractual maturities of securities available for sale and held to maturity at December 31, 2017, were as follows: Amortized Fair (in thousands) Cost Value Available for Sale: Less than One Year $ - $ - After One Year Through Five Years 4 4 After Five Years Through Ten Years 1,734 1,723 After Ten Years 3,776 3,796 $ 5,514 $ 5,523 Held to Maturity: After Five Years Through Ten Years $ 358 $ 355 After Ten Years 293 286 $ 651 $ 641 The following table reflects gross unrealized losses, fair values, and length of time in a continued unrealized loss position for all securities with fair values below amortized cost at December 31, 2017 and 2016: December 31, 2017 (in thousands) Less Than 12 Months 12 Months or Longer Total Fair Value Unrealized Fair Value Unrealized Fair Value Unrealized Available for Sale: Mortgage-Backed Securities $ 2,245 $ 20 $ 1,223 $ 28 $ 3,468 $ 48 Held to Maturity: Mortgage-Backed Securities $ 355 $ 3 $ 275 $ 7 $ 630 $ 10 December 31, 2016 (in thousands) Less Than 12 Months 12 Months or Longer Total Fair Value Unrealized Fair Value Unrealized Fair Value Unrealized Loss Available for Sale: Mortgage-Backed Securities $ 2,300 $ 15 $ 1,231 $ 23 $ 3,531 $ 38 Held to Maturity: Mortgage-Backed Securities $ 587 $ 2 $ 218 $ 7 $ 805 $ 9 Management evaluates securities for OTTI as described in Note A. No declines at December 31, 2017 and 2016 were deemed to be other-than-temporary. The unrealized losses on the securities available for sale generally result from changes in market interest rates and not credit quality. The Bank does not intend to sell any such investments before recovery of their amortized cost bases, which may be at maturity.

Loans Receivable

Loans Receivable	12 Months Ended
	Dec. 31, 2017
Receivables [Abstract]
Loans Receivable	Note D - Loans Receivable - Loans receivable at December 31 are summarized as follows: (in thousands) December 31, 2017 December 31, 2016 Real Estate: Secured by one-to four family residential properties Owner-occupied $ 50,863 $ 46,353 Non-owner-occupied 12,405 11,237 Home Equity Lines of Credit 2,487 2,246 Commercial (Nonresidential) Properties 16,364 7,234 Land 2,605 2,907 Construction 1,703 3,475 Multi-family 1,665 2,629 Commercial 1,392 295 Consumer Loans 451 285 Total Loans 89,935 76,661 Less: Net Deferred Loan Fees (443 ) (459 ) Loans in Process (701 ) (851 ) Allowance for Loan Losses (756 ) (692 ) Net Loans $ 88,035 $ 74,659 Discounts on loans purchased amounted to $322,000 and $352,000 for the years ended December 31, 2017 and 2016, respectively. At December 31, 2017, the Bank did have not any loans where formal foreclosure procedures had been initiated. Under its current lending status with the FHLB (Note J), the Bank may be required to deliver qualifying loans and securities to the FHLB in order to collateralize any outstanding and future advances. The Bank did not deliver any available for sale securities or loans to the FHLB at December 31, 2017 and 2016. Loans - Real Estate, Commercial and Consumer Commercial real estate loans are secured by the subject property and are underwritten based upon standards set forth in policies approved by the Bank's Board of Directors (Board). Such standards include, among other factors, loan to value limits, cash flow coverage, and general creditworthiness of the obligors. Residential real estate loans are underwritten in accordance with policies approved by the Board, including repayment capacity and source, value of the underlying property, credit history and stability. Construction loans to borrowers are to finance the construction of owner occupied and leased properties. These loans are categorized as construction loans during the construction period, later converting to commercial or residential real estate loans after the construction is complete and amortization of the loan begins. Construction loan funds are disbursed periodically based on the percentage of construction completed. Management carefully monitors these loans with on-site inspections. The Bank also makes loans on occasion for the purchase of land for future development for either commercial or residential use by the borrower. Consumer loans are extended for deposit account collateralized loans. The Bank also purchases commercial loans from a third party company that extends loans to healthcare providers. The tables below provide an allocation and rollforward of the allowance for loan losses by loan type as of and for the years ended December 31, 2017 and 2016. The allocation of a portion of the allowance to one category does not preclude its availability to absorb losses in other categories. Allowance for Credit Losses and Recorded Investment in Loans Receivable For the Year Ended December 31, 2017 (in thousands) Real Estate Commercial Land One-to-Four Family Construction Multi-Family Consumer Commercial Total Allowance for Credit Losses: Beginning Balance $ 43 $ 101 $ 528 $ 8 $ 3 $ - $ 9 $ 692 Charge-offs (16 ) - - - - - - (16 ) Recoveries - - - - - - - - Provision 67 (45 ) 17 - 1 1 39 80 Ending Balance $ 94 $ 56 $ 545 $ 8 $ 4 $ 1 $ 48 $ 756 Ending Balance: Individually Evaluated for Impairment $ 13 $ 2 $ 23 $ - $ - $ - $ - $ 38 Ending Balance: Collectively Evaluated for Impairment $ 81 $ 54 $ 522 $ 8 $ 4 $ 1 $ 48 $ 718 Loans Receivable: Ending Balance $ 16,364 $ 2,605 $ 65,755 $ 1,703 $ 1,665 $ 451 $ 1,392 $ 89,935 Ending Balance: Individually Evaluated for Impairment $ 131 $ 16 $ 225 $ - $ - $ - $ - $ 372 Ending Balance: Collectively Evaluated for Impairment $ 16,233 $ 2,589 $ 65,530 $ 1,703 $ 1,665 $ 451 $ 1,392 $ 89,563 Allowance for Credit Losses and Recorded Investment in Loans Receivable For the Year Ended December 31, 2016 (in thousands) Real Estate Commercial Land One-to-Four Construction Multi-Family Consumer Commercial Total Allowance for Credit Losses: Beginning Balance $ 48 $ 85 $ 447 $ 9 $ 3 $ - $ - $ 592 Charge-offs - (10 ) (108 ) - - - - (118 ) Recoveries - - 38 - - - - 38 Provision (5 ) 26 151 (1 ) - - 9 180 Ending Balance $ 43 $ 101 $ 528 $ 8 $ 3 $ - $ 9 $ 692 Ending Balance: Individually Evaluated for Impairment $ - $ 2 $ 36 $ - $ - $ - $ - $ 38 Ending Balance: Collectively Evaluated for Impairment $ 43 $ 99 $ 492 $ 8 $ 3 $ - $ 9 $ 654 Loans Receivable: Ending Balance $ 7,234 $ 2,907 $ 59,836 $ 3,475 $ 2,629 $ 285 $ 295 $ 76,661 Ending Balance: Individually Evaluated for Impairment $ - $ 17 $ 501 $ - $ - $ - $ - $ 518 Ending Balance: Collectively Evaluated for Impairment $ 7,234 $ 2,890 $ 59,335 $ 3,475 $ 2,629 $ 285 $ 295 $ 76,143 Credit quality indicators as of December 31, 2017 and 2016 Pass Special mention Substandard Doubtful Loss The following tables represent the Bank's credit exposure by credit quality indicator as of Decem- ber 31, 2017 and 2016: Credit Risk Profile by Internally Assigned Grade (in thousands) December 31, 2017 Real Estate Commercial Land One-to-Four Construction Multi-Family Consumer Commercial Total Pass $ 16,065 $ 2,541 $ 65,259 $ 1,703 $ 1,665 $ 451 $ 1,392 $ 89,076 Special Mention - - - - - - - - Substandard 299 64 496 - - - - 859 Doubtful - - - - - - - - Loss - - - - - - - - $ 16,364 $ 2,605 $ 65,755 $ 1,703 $ 1,665 $ 451 $ 1,392 $ 89,935 December 31, 2016 Real Estate Commercial Land One-to-Four Construction Multi-Family Consumer Commercial Total Pass $ 7,050 $ 2,852 $ 59,183 $ 3,475 $ 2,629 $ 285 $ 295 $ 75,769 Special Mention - - - - - - - - Substandard 184 55 653 - - - - 892 Doubtful - - - - - - - - Loss - - - - - - - - $ 7,234 $ 2,907 $ 59,836 $ 3,475 $ 2,629 $ 285 $ 295 $ 76,661 The following tables are an aging analysis of loans as of December 31, 2017 and 2016: Aged Analysis of Past Due Loans Receivable (in thousands) December 31, 2017 Accruing 30-89 90 Days Total Days and Over Total Nonaccrual Loans Past Due Past Due Past Due Current Status Receivable Real Estate: Commercial $ 237 $ - $ 237 $ 15,996 $ 131 $ 16,364 Land 103 18 121 2,468 16 2,605 Residential 1,744 - 1,744 63,786 225 65,755 Construction - - - 1,703 - 1,703 Multi-family - - - 1,665 - 1,665 Consumer 20 - 20 431 - 451 Commercial - - - 1,392 - 1,392 $ 2,104 $ 18 $ 2,122 $ 87,441 $ 372 $ 89,935 Aged Analysis of Past Due Loans Receivable (in thousands) December 31, 2016 Accruing 30-89 90 Days Total Days and Over Total Nonaccrual Loans Past Due Past Due Past Due Current Status Receivable Real Estate: Commercial $ 141 $ - $ 141 $ 7,093 - $ 7,234 Land 20 - 20 2,870 17 2,907 Residential 1,588 - 1,588 57,747 501 59,836 Construction - - - 3,475 - 3,475 Multi-family - - - 2,629 - 2,629 Consumer 5 5 280 - 285 Commercial - - - 295 - 295 $ 1,754 $ - $ 1,754 $ 74,389 $ 518 $ 76,661 The following tables below present impaired loans disaggregated by class as of and for the years ended December 31, 2017 and 2016: Impaired Loans (in thousands) As Of And For The Year Ended December 31, 2017 Unpaid Allowance Average Interest Recorded Principal Losses Recorded Income Loans with an allowance recorded: Real estate Commercial $ 131 $ 147 $ 13 $ 145 $ - Land 16 21 2 14 - 1-4 family residential 225 228 23 218 - Multi-Family - - - - - Construction - - - - - Consumer and Commercial - - - - - Loans with no allowance recorded: Real estate Commercial - - - - - Land - - - - - 1-4 family residential - - - - - Multi-Family - - - - - Construction - - - - - Consumer and Commercial - - - - - Totals $ 372 $ 396 $ 38 $ 377 $ - Impaired Loans (in thousands) As Of And For The Year Ended December 31, 2016 Unpaid Allowance Average Interest Recorded Principal Losses Recorded Income Loans with an allowance recorded: Real estate Commercial $ - $ - $ - $ - $ - Land 17 20 2 18 - 1-4 family residential 501 686 36 538 - Multi-Family - - - - - Construction - - - - - Consumer and Commercial - - - - - Loans with no allowance recorded: Real estate Commercial - - - - - Land - - - - - 1-4 family residential - - - - - Multi-Family - - - - - Construction - - - - - Consumer and Commercial - - - - - Totals $ 518 $ 706 $ 38 $ 556 $ - The tables below present modifications disaggregated by class for the years ended December 31, 2017 and 2016: Troubled Debt Restructuring (in thousands) Number of Pre- Post- Modifications as of December 31, 2017: Residential - modified amortization 0 $ - $ - Modifications as of December 31, 2016: Residential - modified amortization 4 $ 441 $ 290 None of the 2016 troubled debt restructurings defaulted subsequent to the modification. The Bank's troubled debt restructurings are generally due to a modification of terms allowing the customer to make interest-only payments for an amount of time, an extension of the loan term, and/or a reduction in interest rate to obtain a lower payment for the customer. The Bank is not committed to lend additional funds to debtors whose loans have been modified.

Accrued Interest Receivable

Accrued Interest Receivable	12 Months Ended
	Dec. 31, 2017
Accrued Interest Receivable [Abstract]
Accrued Interest Receivable	Note E - Accrued Interest Receivable - Accrued interest receivable at December 31 is summarized as follows: (Dollars in thousands) 2017 2016 Securities Available for Sale $ 12 $ 13 Securities Held to Maturity 2 4 Interest Bearing Deposits 6 6 Loans Receivable 350 295 $ 370 $ 318

Servicing

Servicing	12 Months Ended
	Dec. 31, 2017
Transfers and Servicing [Abstract]
Servicing	Note F - Servicing - In 2017 and 2016, the Bank recognized a gain of $63,000 and $111,000, respectively, on loans sold to the Federal Home Loan Mortgage Corporation under their seller/servicer program; gross proceeds were $3,456,000 and $6,752,000, respectively. Mortgage loans serviced for others are not included in the accompanying balance sheets. The risks inherent in mortgage servicing assets relate primarily to changes in prepayments that result from shifts in mortgage interest rates. The unpaid principal balances of mortgage loans serviced for others were $41,090,000 and $41,908,000 at December 31, 2017 and 2016, respectively. In connection with the foregoing mortgage loans serviced, custodial escrow balances (net) in the amount of $388,000 and $1,640,000 at December 31, 2017 and 2016, respectively, were maintained in non-interest bearing accounts. The following table represents the change in mortgage servicing rights as of December 31, 2017 and 2016. (Dollars in thousands) 2017 2016 Beginning Balance $ 325 $ 282 Additions 50 77 Amortization (27 ) (34 ) Ending Balance $ 348 $ 325

Premises and Equipment

Premises and Equipment	12 Months Ended
	Dec. 31, 2017
Property, Plant and Equipment [Abstract]
Premises and Equipment	Note G - Premises and Equipment - Major classes of premises and equipment at December 31 are summarized as follows: Estimated (Dollars in thousands) Life 2017 2016 Land $ 730 $ 351 Buildings 25 - 39 Years 5,429 5,288 Furniture and Fixtures 3 - 10 Years 714 666 6,873 6,305 Less Accumulated Depreciation 2,764 2,589 $ 4,109 $ 3,716 The provision for depreciation charged to operating expenses was $174,000 and $184,000 for the years ended December 31, 2017 and 2016, respectively.

Leases

Leases	12 Months Ended
	Dec. 31, 2017
Leases [Abstract]
Leases	Note H - Leases - The Bank leases a portion of its Covington and Slidell buildings to third parties under operating leases. These leases contain renewal options. Rental income under these leases amounted to $80,000 and $50,000 in 2017 and 2016, respectively. At December 31, 2017, the remaining future minimum receipts under these leases are as follows: (Dollars in thousands) 2018 $ 86 2019 28 2020 - $ 114

Deposits

Deposits	12 Months Ended
	Dec. 31, 2017
Banking and Thrift [Abstract]
Deposits	Note I - Deposits - The aggregate amount of certificates of deposit with a minimum denomination of greater than $250,000 was approximately $4,245,000 and $4,262,000 at December 31, 2017 and 2016, respectively. At December 31, 2017, the scheduled maturities of certificates of deposit were as follows: (Dollars in thousands) 3 months or less $ 6,518 3 months through 12 months 15,944 1 year through 3 years 17,253 Over 3 years 9,787 $ 49,502 The interest expense associated with each major classification of interest-bearing deposits is as follows: (Dollars in thousands) 2017 2016 NOW Accounts $ 7 $ 7 Savings Accounts 35 40 Certificates of Deposit 777 786 $ 819 $ 833

Borrowed Funds

Borrowed Funds	12 Months Ended
	Dec. 31, 2017
Borrowed Funds [Abstract]
Borrowed Funds	Note J - Borrowed Funds - Borrowed funds at December 31, 2017 and 2016 in the amounts of $14,064,000 and $13,274,000, consisted of advances from the FHLB. These advances were at fixed interest rates at December 31, 2017, ranging from 1.001% to 2.136%. At December 31, 2017, the scheduled maturities of the advances were as follows: (Dollars in thousands) 2018 $ 7,700 2019 2,422 2020 2,413 2021 712 Thereafter 817 $ 14,064 These advance are collateralized by a blanket lien on substantially all of the Bank’s mortgage loans, investment securities, mortgage-backed securities, FHLB stock and FHLB deposits accounts. At December 31, 2017, the Bank had the capacity to borrow an additional $22,937,000 from the FHLB.

Income Taxes

Income Taxes	12 Months Ended
	Dec. 31, 2017
Income Tax Disclosure [Abstract]
Income Taxes	Note K - Income Taxes - The total provision for income taxes charged to income amounted to approximately $267,000 and $110,000 for the years ended December 31, 2017 and 2016, respectively. The Tax Cut and Jobs Act The provision for income tax for the years ended December 31 is summarized as follows: (Dollars in thousands) 2017 2016 Current Tax Provision $ 302 $ 63 Deferred Tax Expense (Benefit) (35 ) 47 Provision $ 267 $ 110 The provision for income taxes differs from that computed by applying the federal statutory rate to income before income tax expense primarily due to tax-exempt interest income and certain non-deductible expenses. The provision for federal income taxes differs from that computed by applying federal statutory rates to income before federal income tax expense, as indicated in the following analysis: (Dollars in thousands) 2017 2016 Federal Stautory Income Tax at 34% $ 277 34.0 % $ 91 34.0 % Tax Exempt Income (17 ) -2.1 % (18 ) -6.7 % Adjustment to Deferred Taxes for Change in Statutory Rate 12 1.5 % - 0.0 % Other - Net (5 ) -0.6 % 37 13.8 % $ 267 32.8 % $ 110 41.1 % Deferred tax assets and liabilities at December 31 consist of the following components utilizing federal corporate income tax rates of 21% at December 31, 2017 and 34% at December 31, 2016: (Dollars in thousands) 2017 2016 Deferred Tax Assets: Allowance for Loan Losses $ 159 $ 235 Deferred Loan Fees and Costs, net 26 36 Nondeductible Writedowns on Foreclosed Real Estate 3 6 Deferred Compensation 144 166 Other - 11 332 454 Deferred Tax Liabilities: Tax over Book Depreciation 171 276 Dividends on FHLB Stock 27 39 Mortgage Servicing Rights 73 110 Net Unrealized Gains on Securities 2 16 273 441 Valuation Allowance - - Net Deferred Tax Asset $ 59 $ 13 The net deferred tax asset is included in prepaid expenses and other assets in the balance sheet. The Bank's tax filings for the years ended December 31, 2014 through the current date are open to audit under statutes of limitations by the Internal Revenue Service. Management believes that its tax positions would be sustained if audited. There were no penalties or interest incurred in 2017 or 2016 related to the Bank's tax positions but, if incurred, they would be classified in the statement of income as other expense.

Employee Benefit Plans

Employee Benefit Plans	12 Months Ended
	Dec. 31, 2017
Retirement Benefits [Abstract]
Employee Benefit Plans	Note L – Employee Benefit Plans - The Bank has established a 401(k) plan that covers substantially all employees. Contributions to the plan by the Bank are discretionary. In general, any such contribution by the Bank is allocated to each participant in proportion to their compensation for the plan year while a participant. The Bank contributed $44,000 and $42,000 to the plan in 2017 and 2016, respectively. The Bank has established a deferred compensation agreement with certain directors, past directors and officers. The expense incurred for these agreements for the years ended December 31, 2017 and 2016 amounted to approximately $55,000 and $77,000, respectively. The accrued liability for these agreements at December 31, 2017 and 2016 amounted to approximately $684,000 and $632,000, respectively. To finance the benefits under this plan, the Bank has entered into an arrangement to provide for the cost of split-dollar life insurance policies on the lives of the certain of the Bank's current and former members of the Board of Directors. As part of the Company’s stock conversion, an employee stock ownership plan (“ESOP”) for eligible employees was established. The leveraged ESOP is accounted for in accordance with the requirements of ASC 718, Compensation – Stock Compensation. All employees of the Bank meeting certain tenure requirements are entitled to participate in the ESOP. Eligible employees begin participation in the employee stock ownership plan on the later of the effective date of the conversion or upon the first entry date commencing on or after the eligible employee’s completion of one year of service and attainment of age 21. Under ASC 718, unearned ESOP shares are not considered outstanding and are shown as a reduction of shareholders’ equity as unearned compensation. Dividends on unallocated ESOP shares are considered to be compensation expense. The Company recognizes compensation cost equal to the fair value of the ESOP shares during the periods in which they are committed to be released. To the extent that the fair value of the Company’s ESOP shares differ from the cost of such shares, the differential is credited to shareholders’ equity. The Company receives a tax deduction equal to the cost of the shares released. As the loan is internally leveraged, the loan receivable from the ESOP to the Company is not reported as an asset nor is the debt of the ESOP shown as a Company liability. The compensation expense resulting from the release of the common stock from the suspense account and allocation to plan participants results in a corresponding reduction in the earnings of Heritage NOLA Bancorp. Shares were purchased by the ESOP with a loan from Heritage NOLA Bancorp, Inc. The ESOP acquired 132,250 shares of the Company’s common stock in the conversion. During the year ended December 31, 2017, a total of 5,290 shares were allocated to ESOP plan participants, leaving 126,960 unallocated shares in the ESOP at December 31, 2017. Compensation expense related to the ESOP was $63,000 for the year ended December 31, 2017. The stock price at the formation date was $10.00. The aggregate fair value of the 126,960 unallocated shares was $1,517,000 based on the $11.95 closing price of the common stock on December 31, 2017.

Related Party Transaction

Related Party Transaction	12 Months Ended
	Dec. 31, 2017
Related Party Transactions [Abstract]
Related Party Transaction	Note M - Related Party Transaction - Certain officers and directors were deposit and loan customers of the Bank in the ordinary course of business. Deposits and loans of these officers and directors at December 31 were as follows: (Dollars in thousands) 2017 2016 Deposits $ 1,247 $ 1,965 Loans: Beginning Loan Balance $ 1,375 $ 1,689 New Loans 70 - Repayments (1,332 ) (314 ) Ending Loan Balance $ 113 $ 1,375

Legal Contingencies

Legal Contingencies	12 Months Ended
	Dec. 31, 2017
Legal Contingencies [Abstract]
Legal Contingencies	Note N - Legal Contingencies - Various legal claims arise from time to time in the normal course of business which, in the opinion of management, will have no material effect on the Bank's financial statements.

Regulatory Matters

Regulatory Matters	12 Months Ended
	Dec. 31, 2017
Banking and Thrift [Abstract]
Regulatory Matters	Note O - Regulatory Matters - The Bank is subject to various regulatory capital requirements administered by its primary federal regulator, the Office of the Comptroller of the Currency (OCC). Failure to meet minimum regulatory capital requirements can initiate certain mandatory, and possible additional discretionary actions by regulators that if undertaken, could have a direct material effect on the Bank’s financial statements. Under the capital adequacy guidelines and the regulatory framework for prompt corrective action, the Bank must meet specific capital guidelines involving quantitative measures of assets, liabilities, and certain off-balance-sheet items as calculated under regulatory accounting practices. The Bank’s capital amounts and classifications are also subject to qualitative judgments by regulators about components, risk weightings and other factors. Quantitative measures established by regulation to ensure capital adequacy require the Bank to maintain minimum amounts and ratios as of January 1, 2016, of Total capital, Tier 1 capital, Common Equity Tier 1 capital to risk-weighted assets (as defined in the regulations), and Leverage capital, which is Tier 1 capital to adjusted average total assets (as defined). Management believes, as of December 31, 2017 and 2016, that the Bank met all the capital adequacy requirements to which it is subject. As of December 31, 2017 and 2016, the most recent notifications from the OCC categorized the Bank as well capitalized under the regulatory framework for prompt corrective action. To remain categorized as well capitalized, the Bank will have minimum Total capital, Common Equity Tier 1 capital, Tier 1 capital and Leveraged capital ratios as disclosed in the table below. There are no conditions or events since the most recent notification that management believes have changed the Bank’s prompt corrective action category. The Bank’s actual and required capital amounts and ratios are as follows: Actual For Capital Adequacy To Be Well Capitalized Amount Ratio Amount Ratio Amount Ratio (Dollars in thousands) As of December 31, 2017 Total Capital (to Risk-Weighted Assets) $ 18,434 28.60 % $ 5,157 8.0 % $ 6,446 10.0 % Tier I Capital (to Risk-Weighted Assets) $ 17,678 27.42 % $ 3,868 6.0 % $ 5,157 8.0 % Common Equity Tier 1 (to Risk-Weighted Assets) $ 17,678 27.42 % $ 2,901 4.5 % $ 4,190 6.5 % Tier I Leverage Capital (to Adjusted Total Assets) $ 17,678 16.19 % $ 4,368 4.0 % $ 5,461 5.0 % As of December 31, 2016 Total Capital (to Risk-Weighted Assets) $ 10,096 18.59 % $ 4,344 8.0 % $ 5,430 10.0 % Tier I Capital (to Risk-Weighted Assets) $ 9,418 17.35 % $ 3,258 6.0 % $ 4,344 8.0 % Common Equity Tier 1 (to Risk-Weighted Assets) $ 9,418 17.35 % $ 2,443 4.5 % $ 3,529 6.5 % Tier I Leverage Capital (to Adjusted Total Assets) $ 9,418 9.79 % $ 3,849 4.0 % $ 4,811 5.0 % A reconciliation of the Bank’s capital determined under GAAP to Total Capital, Tier 1 Capital, Common Equity Tier 1 Capital and Tier 1 leverage Capital for December 31, 2017 and 2016 is as follows: (dollars in thousands) 2017 2016 Equity capital (Bank only) $ 17,685 $ 9,460 Dissallowed Mortgage Servicing Rights - (5 ) Deferred Tax Asset, Net - (6 ) Unrealized Losses on Securities Available for Sale, Net (7 ) (31 ) Tangible, Teir 1 Capital and Common Equity Tier 1 17,678 9,418 Allowance for Loan Losses 756 678 Total Capital $ 18,434 $ 10,096 The specific reserves included in the Allowance for Loan Losses were not significant as of December 31, 2017 and 2016.

Accumulated Other Comprehensive

Accumulated Other Comprehensive Income (Loss)	12 Months Ended
	Dec. 31, 2017
Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]
Accumulated Other Comprehensive Income (Loss)	Note P - Accumulated Other Comprehensive Income (Loss) - The following is a summary of the changes in the balances of each component of accumulated other comprehensive income (loss) for the years ended December 31, 2017 and 2016: (Dollars in thousands) 2017 2016 Unrealized Gains (Losses) on Securities Available for Sale: Beginning Balance $ 31 $ 55 Other Comprehensive Income (Loss) Before Reclassifications - Net of Tax (25 ) (24 ) Adjustment to Other Comprehensive Income/Loss due to Federal Tax Law Change 1 - Other Comprehensive Income (Loss) (24 ) (24 ) Ending Balance $ 7 $ 31

Fair Value of Financial Stateme

Fair Value of Financial Statements	12 Months Ended
	Dec. 31, 2017
Fair Value Disclosures [Abstract]
Fair Value of Financial Statements	Note Q - Fair Value of Financial Statements - Fair Value Disclosures The Bank groups its financial assets and liabilities measured at fair value in three levels. Fair value should be based on the assumptions market participants would use when pricing the asset or liability and establishes a fair value hierarchy that prioritizes the inputs used to develop those assumptions and measure fair value. The hierarchy requires companies to maximize the use of observable inputs and minimize the use of unobservable inputs. The three levels of inputs used to measure fair value are as follows: · Level 1 - Includes the most reliable sources, and includes quoted prices in active markets for identical assets or liabilities. · Level 2 - Includes observable inputs. Observable inputs include inputs other than quoted prices that are observable for the asset or liability (for example, interest rates and yield curves at commonly quoted intervals, volatilities, prepayment speeds, loss severities, credit risks, and default rates) as well as inputs that are derived principally from or corroborated by observable market data by correlation or other means (market-corroborated inputs). · Level 3 - Includes unobservable inputs and should be used only when observable inputs are unavailable. Recurring Basis Fair values of investment securities available for sale were primarily measured using information from a third-party pricing service. This pricing service provides information by utilizing evaluated pricing models supported with market data information. Standard inputs include benchmark yields, reported trades, broker/dealer quotes, issuer spreads, benchmark securities, bids, offers, and reference data from market research publications. The following tables present the balance of assets and liabilities measured on a recurring basis as of December 31, 2017 and 2016. The Bank did not record any liabilities at fair value for which measurement of the fair value was made on a recurring basis. (In thousands) Fair Value Measurement Using Description Fair Quoted Prices in Significant Other Significant December 31, 2017 Mortgage-Backed Securities $ 5,523 $ - $ 5,523 $ - December 31, 2016 Mortgage-Backed Securities $ 7,175 $ - $ 7,175 $ - Nonrecurring Basis The Company has segregated all financial assets and liabilities that are measured at fair value on a nonrecurring basis into the most appropriate level within the fair value hierarchy based on the inputs used to determine the fair value at the measurement date in the table below. The Company did not record any liabilities at fair value for which measurement of the fair value was made on a non-recurring basis. The fair value of the impaired loans is measured at the fair value of the collateral for collateral-dependent loans. Impaired loans are Level 2 assets measured using appraisals from external parties of the collateral less any prior liens. Repossessed assets are initially recorded at fair value less estimated costs to sell. The fair value of repossessed assets is based on property appraisals and an analysis of similar properties available. As such, the Bank records repossessed assets as Level 2. Fair Value Measurement Using (In thousands) Fair Quoted Prices in Significant Significant December 30, 2017 Assets Impaired Loans $ 334 $ - $ 334 $ - Repossessed Assets 84 - 84 - Total $ 418 $ - $ 418 $ - December 31, 2016 Assets Impaired Loans $ 480 $ - $ 480 $ - Repossessed Assets 93 - 93 - Total $ 573 $ - $ 573 $ - Fair values of financial instruments Cash, due from banks, federal funds sold and interest-earning deposits with banks - The carrying amount is a reasonable estimate of fair value. Securities - Fair value is based on quoted market price, if available. If a quoted market price is not available, fair value is estimated using quoted market prices for similar securities. Loans Receivable - Fair value is estimated by discounting the future cash flows using the current rates at which similar loans would be made to borrowers with similar credit ratings and for the same remaining maturities. Cash Value of Life Insurance - The carrying amount approximates its fair value. Deposits - The fair value of demand, savings, NOW and money market accounts is the amount payable on demand at the reporting date. The fair value of fixed-maturity time deposits is estimated using the rates currently offered for deposits of similar remaining maturities. Borrowings - The carrying amounts of federal funds purchased, borrowings under repurchase agreements, and other short-term borrowings maturing within ninety days approximate their fair values. Fair values of other borrowings are estimated using discounted cash flow analyses based on current incremental borrowing rates for similar types of borrowing arrangements. Commitments to extend credit and standby letters of credit - The fair values of commitments to extend credit and standby letters of credit do not differ significantly from the commitment amount and are therefore omitted from this disclosure. The carrying amounts and estimated fair values of the Company’s financial instruments at December 31, are as follows: Fair Value Measurement Using (In thousands) Carrying Fair Quoted Prices in Significant Other Significant December 31, 2017 Financial Assets: Cash, Short-Term Investments and Federal Funds Sold $ 7,624 $ 7,624 $ 7,624 $ - $ - Securities-Available for Sale 5,523 5,523 - 5,523 - Securities-Held to Maturity 651 641 - 641 - Other Equity Securities 784 784 - - 784 Cash Value of Life Insurance 2,051 2,051 - 2,051 - Loans Held for Sale - - - - - Loans-Net 88,035 88,011 - - 88,011 104,668 104,634 $ 7,624 $ 8,215 $ 88,795 Financial Liabilities: Deposits $ 70,602 $ 70,562 $ - $ - $ 70,562 Borrowed Funds 14,064 13,944 - 13,944 - $ 84,666 $ 84,506 $ - $ 13,944 $ 70,562 Fair Value Measurement Using (In thousands) Carrying Fair Value Quoted Prices in Significant Other Significant December 31, 2016 Financial Assets: Cash, Short-Term Investments and Federal Funds Sold $ 8,014 $ 8,014 $ 8,014 $ - $ - Securities-Available for Sale 7,175 7,175 - 7,175 - Securities-Held to Maturity 832 824 - 824 - Other Equity Securities 673 673 - - 673 Cash Value of Life Insurance 2,001 2,001 - 2,001 - Loans-Net 74,659 74,866 - - 74,866 $ 93,354 $ 93,553 $ 8,014 $ 10,000 $ 75,539 Financial Liabilities: Deposits $ 74,251 $ 75,732 $ - $ - $ 75,732 Borrowed Funds 13,274 13,209 - 13,209 - $ 87,525 $ 88,941 $ - $ 13,209 $ 75,732

Change in Corporate Structure

Change in Corporate Structure	12 Months Ended
	Dec. 31, 2017
Change In Corporate Form [Abstract]
Change in Corporate Structure	Note R – Change in Corporate Structure– On July 12, 2017, the Bank consummated its mutual-to-stock conversion pursuant to which it became a Federal stock savings bank and the wholly owned subsidiary of Heritage NOLA Bancorp, Inc., as parent of the Bank. As part of the conversion, the Company issued and sold shares of its capital stock pursuant to an independent valuation appraisal of the Bank and the Company. The stock was priced at $10.00 per share. In addition, the Bank’s board of directors adopted an employee stock ownership plan (ESOP) which subscribed for 8% of the common stock sold in the offering. The Conversion was completed on July 12, 2017 and resulted in the issuance of 1,653,125 common shares by the Company. The cost of the Conversion and issuing the capital stock totaled $1.1 million and was deducted from the proceeds of the offering. In accordance with OCC regulations, at the time of the Conversion, the Bank substantially restricted retained earnings by establishing a liquidation account. The liquidation account will be maintained for the benefit of eligible holders who continue to maintain their accounts at the Bank after the Conversion. The liquidation account will be reduced annually to the extent that eligible account holders have reduced their qualifying deposits. Subsequent increases will not restore an eligible account holder’s interest in the liquidation account. In the event of a complete liquidation of the Bank, and only in such event, each eligible account holder will be entitled to receive a distribution from the liquidation account in an amount proportionate to the adjusted qualifying account balances then held.. The conversion was accounted for as a change in corporate form with the historic basis of the Bank’s assets, liabilities and equity unchanged as a result.

Condensed Financial Information

Condensed Financial Information (Parent Company Only)	12 Months Ended
	Dec. 31, 2017
Condensed Financial Information of Parent Company Only Disclosure [Abstract]
Condensed Financial Information (Parent Company Only)	Note S -Condensed Financial Information (Parent Company Only)- Presented below is condensed financial information as to the financial position, results of operations and cash flows of the Parent Company: Condensed Balance Sheet December 31, 2017 (in thousands) Assets: Cash $ 6,401 Due from Subsidiary Bank 85 Investments in Bank Subsidiary 17,685 Total Assets $ 24,171 Liabilities and Shareholders' Equity Liabilities $ - Total Shareholders' Equity 24,171 Liabilities and Shareholders' Equity $ 24,171 Condensed Statement of Income For the Period Ended December 31, 2017 Income: Equity in Net Income of Bank Subsidiary $ 295 Other Income 22 Total Income 317 Expenses: - Net Income $ 317 Condensed Statement of Cash Flows For the Period Ended December 31, 2017 Cash Flows From Operating Activities: Net Income $ 317 Increase In Due to Bank Subsidiary (85 ) Equity in Net Income of Bank Subsidiary (295 ) Net Cash Used in Operating Activities (63 ) Cash Flows From Investing Activities: Investment in Bank Subsidiary (7,660 ) Cash Flows From Financing Activities: Net Proceeds from Issuance of Common Stock 14,124 Net Increase in cash 6,401 Cash at Beginning of Year - Cash at End of Year $ 6,401

Summary of Significant Accoun27

Summary of Significant Accounting Policies (Policies)	12 Months Ended
	Dec. 31, 2017
Accounting Policies [Abstract]
Principles of Consolidation	Principles of Consolidation The consolidated financial statements as of and for the year ended December 31, 2017, include Heritage NOLA Bancorp, Inc. and its wholly-owned subsidiary the Bank, together referred to as the Company. Intercompany transactions and balances have been eliminated in consolidation. The financial statements as of and for the year ended December 31, 2016 represent the Bank only, as the conversion to stock form, including the formation of Heritage NOLA Bancorp, Inc., was completed on July 12, 2017. References herein to the Company for periods prior to the completion of the stock conversion should be deemed to refer to the Bank.
Significant Group Concentrations of Credit Risk	Significant Group Concentrations of Credit Risk Most of the Company's activities are with customers located within St. Tammany Parish, Louisiana. The types of securities that the Company invests in are included in Note C. The types of lending that the Company engages in are included in Note D. The Company does not have any significant concentrations to any one industry or customer. Real estate loans related to residential properties represented 77% and 85% of the total loan portfolio at December 31, 2017 and 2016, respectively.
Fair Value of Financial Instruments	Fair Value of Financial Instruments Fair values of financial instruments are estimated using relevant market information and other assumptions. Fair value estimates involve uncertainties and matters of significant judgment. Changes in assumptions or in market conditions could significantly affect the estimate.
Cash and Cash Equivalents	Cash and Cash Equivalents For purposes of the statement of cash flows, cash and cash equivalents, are defined as all highly liquid debt instruments, excluding securities, with original maturities at purchase of three months or less.
Interest Earning Time Deposits	Interest Earning Time Deposits Interest earning time deposits in banks with original maturities at purchase of greater than three months. These deposits are carried at cost.
Securities	Securities Securities are classified in three categories at the time of purchase and accounted for as follows: Securities that the Company has the positive intent and ability to hold to maturity are classified as held to maturity and reported at cost, adjusted for amortization of premiums and accretion of discounts which are recognized in interest income using the interest method. Securities that are bought and held by the Company primarily for the purpose of selling them in the near future are classified as trading securities and reported at fair value. Unrealized gains and losses are included in earnings. The Company had no securities classified as trading as of December 31, 2017 and 2016. Securities classified as available for sale are those securities that the Company intends to hold for an indefinite period of time but not necessarily to maturity. Any decision to sell a security classified as available for sale would be based on various factors including changes in market interest rates, liquidity needs, changes in yields or alternative investments, and for other reasons. They are reported at fair value. Amortization of premiums and accretion of discounts are recognized in interest income using the interest method. Unrealized gains and losses, net of income tax, are excluded from earnings and reported as a separate component of equity until realized. Gains and losses on the sale of securities available for sale are determined using the specific identification method. Declines in the fair value of individual held to maturity and available for sale securities below their cost that are other-than-temporary result in write-downs of the individual securities to their fair value. The related write-downs are included in earnings as realized losses. On a quarterly basis (and more frequently when economic or market conditions warrant), management evaluates the investment securities portfolio on an individual security basis for other-than- temporary impairment (OTTI). If a security is in a loss position, management will determine if OTTI exists and will consider the following. First, if it is probable that the issuer of the security will be unable to pay all amounts due according to the contractual terms of the debt security, OTTI will be recognized. Second, if management intends to sell the security and does not expect to recover the loss before the anticipated sale date, OTTI will be recognized. In both instances, OTTI will be recognized for the affected security equal to the difference between the fair value and amortized cost through a charge to earnings. Third, if a security does not meet either of the criteria above and is both in a loss position for greater than one year and at a current loss of 10% or more, management will evaluate its ability and intent to retain its investment for a period of time sufficient to allow for any anticipated recovery in fair value.
Federal Home Loan Bank of Dallas (FHLB) Stock	Federal Home Loan Bank of Dallas (FHLB) Stock FHLB stock is redeemable at par value at the discretion of the FHLB and is used to collateralize FHLB advances. The stock is carried at cost which approximates fair value. The Bank is a member of the FHLB System which requires the Bank to purchase and maintain stock in the FHLB. The requirement is generally 0.04% of total assets at the most recent December 31 plus 4.10% of outstanding FHLB advances. The Bank was in compliance with these requirements at December 31, 2017 and 2016.
Loans Receivable	Loans Receivable The Bank grants land, residential, commercial real estate, and consumer loans to customers. A substantial portion of the loan portfolio is represented by real estate loans primarily in St. Tammany Parish. The ability of the Bank's debtors to honor their contracts is dependent upon the real estate and general economic conditions in this area. Loans that management has the intent and ability to hold for the foreseeable future or until maturity or payoff generally are reported at their outstanding unpaid principal balances adjusted for charge-offs, the allowance for loan losses, and any deferred loan fees or costs on originated loans. For loans amortized at cost, interest income is accrued based on the unpaid principal balance. Loan origination fees, net of direct loan origination costs, are deferred and amortized as a level yield adjustment over the respective term of the loan. The accrual of interest on the loans is discontinued at the time the loan is 90 days past due unless the credit is well-secured and in process of collection. Loans are typically charged off not later than 180 days past due. Past due status is based on contractual terms of the loan. In all cases, loans are placed on nonaccrual or charged off at an earlier date if collection of principal or interest is considered doubtful. All interest accrued but not collected for loans that are placed on nonaccrual or charged off is reversed against interest income. The interest on these loans is accounted for on the cash basis or cost recovery method, until qualifying for return to accrual. Loans are returned to accrual status when all the principal and interest amounts contractually due are brought current and future payments are reasonably assured.
Allowance for Loan Losses	Allowance for Loan Losses The allowance for loan losses is established as losses are estimated to have occurred through a provision for loan losses charged to earnings. Loan losses are charged against the allowance when management believes the uncollectability of a loan balance is confirmed. Subsequent recoveries, if any, are credited to the allowance. The allowance for loan losses is evaluated on a regular basis by management and is based upon management's periodic review of the collectability of the loans in light of historical experience, the nature and volume of the loan portfolio, adverse situations that may affect the borrower's ability to repay, estimated value of any underlying collateral and prevailing economic conditions. This evaluation is inherently subjective as it requires estimates that are susceptible to significant revision as more information becomes available. The allowance consists of allocated and general components. The allocated component relates to loans that are classified as impaired. For those loans that are classified as impaired, an allowance is established when the discounted cash flows (or collateral value or observable market price) of the impaired loan is lower than the carrying value of that loan. The general component covers non-classified loans and is based on historical charge-off experience. Other adjustments may be made to the allowance for pools of loans after an assessment of internal and external influence on credit quality that are not fully reflected in the historical loss or risk rating data. A loan is considered impaired when, based upon current information and events, it is probable that the Bank will be unable to collect the scheduled payments of principal and interest when due according to the contractual terms of the loan agreement. Factors considered by management in determining impairment include payment status, collateral value, and the probability of collecting scheduled principal and interest payments when due. Loans that experience insignificant payment delays and payment shortfalls are considered on a case by case basis, taking into consideration all of the circumstances surrounding the loan and the borrower, including the length of the delay, the reasons for the delay, the borrower's prior payment record, and the amount of the shortfall in relation to the principal and interest owed. Impairment is measured on a loan by loan basis by either the present value of expected future cash flows discounted at the loan's effective interest rate, the loan's obtainable market price, or the fair value of the collateral if the loan is collateral dependent.
Mortgage Servicing Rights	Mortgage Servicing Rights Mortgage servicing rights are recognized separately when rights are acquired through the sale or servicing of financial assets. Under authorization guidance of FASB ASC 860-50, servicing rights resulting from the sale of loans originated by the Bank are initially measured at fair value at the date of transfer. The Bank subsequently measures each class of servicing asset using the amortization method. Under the amortization method, servicing rights are amortized in proportion to and over the period of estimated net servicing income. The amortized assets are assessed for impairment or increased obligation based on fair value at each reporting date. Servicing fee income is recorded for fees earned for servicing loans. The fees are based on a contractual percentage of the outstanding principal or a fixed amount per loan and are recorded as income when earned. The amortization of mortgage servicing rights is netted against loan servicing fee income.
Foreclosed Real Estate	Foreclosed Real Estate Foreclosed real estate properties acquired through, or in lieu of, loan foreclosure are held for sale and are initially recorded at fair value less estimated costs to sell at the date of foreclosure. Loan losses arising from the acquisition of these properties are charged against the allowance for loan losses. After foreclosure, valuations are periodically performed by management and the real estate is carried at the lower of carrying amount or fair value less estimated costs to sell. Costs relating to development and improvement of property are capitalized, whereas costs relating to holding property are expensed.
Premises and Equipment	Premises and Equipment Premises and equipment are stated at cost less accumulated depreciation. Depreciation is computed by the straight-line method (book purposes) or accelerated methods (tax purposes) over the estimated useful lives of the assets. Land is carried at cost. The cost of assets retired or otherwise disposed of and the related accumulated depreciation are eliminated from the accounts in the year of disposal and the resulting gains or losses are included in current operations.
Bank Owned Life Insurance	Bank Owned Life Insurance The cash surrender value of bank owned life insurance policies represents the value of life insurance policies on certain current and former officers of the Company for which the Company is the beneficiary. The Company accounts for these assets using the cash surrender value method in determining the carrying value of the insurance policies.
Earnings Per Share	Earnings Per Share Since the stock conversion and offering took place in July, 2017, earnings per share is not applicable to the full year ended December 31, 2017 and not applicable to the year ended December 31, 2016. Basic earnings per share (“EPS”) represents income available to common shareholders divided by the weighted average number of common shares outstanding; no dilution for any potentially convertible shares is included in the calculation. Diluted EPS reflects the potential dilution that could occur if securities or other contracts to issue common stock were exercised or converted into common stock or resulted in the issuance of common stock that then shared in the earnings of the Company. The potential common shares that may be issued by the Company relate to outstanding stock options. Earnings per common share were computed based on the following: Year Ended December 31, (in thousands, except per share data) 2017 Numerator: Net income available to common shareholders $ 549 Denominator: Average common shares outstanding (Total issued, less unallocated ESOP shares) 1,521 Dilutive stock options - 1,521 Basic (and Diluted) earnings per common share $ 0.36
Income Taxes	Income Taxes Current income tax expense reflects taxes to be paid or refunded for the current period by applying the provisions of the enacted tax law to the taxable income or excess of deductions over revenues. The Bank determines deferred income taxes using the liability (or balance sheet) method. Under this method, the net deferred tax asset or liability is based on the tax effects of the differences between book and tax bases of assets and liabilities, and enacted changes in tax rates and laws are recognized in the period in which they occur. Deferred income tax expense results from changes in deferred tax assets and liabilities between periods. Deferred tax assets are recognized if it is more likely than not, based on the technical merits, that the tax position will be realized or sustained upon examination. The term more likely than not means a likelihood of more than 50 percent; the terms examined and upon examination also include resolution of the related appeals or litigation process, if any. A tax position that meets the more-likely-than-not recognition threshold is initially and subsequently measured as the largest amount of tax benefit that has a greater than 50 percent likelihood of being realized upon settlement with the taxing authority that has full knowledge of all relevant information. The determination of whether or not a tax position has met the more-likely-than-not recognition threshold considers the facts, circumstances, and information available at the reporting date and is subject to management's judgment. Deferred tax assets are reduced by a valuation allowance if, based on the weight of evidence available, it is more likely than not that some portion or all of a deferred tax asset will not be realized. The income tax accounting guidance related to accounting for uncertainty in income taxes sets out a consistent framework to determine the appropriate level of tax reserves to maintain for uncertain tax positions. As of December 31, 2017 and 2016, management is not aware of any uncertain tax positions that would have a material effect on the Bank's financial statements.
Advertising Costs	Advertising Costs Advertising costs are expensed as incurred.
Compensated Absences	Compensated Absences Employees of the Bank are entitled to paid vacation, paid sick days and personal days off, depending on length of service and other factors. It is impractical to estimate the amount of compensation for future absences, and, accordingly, no liability has been recorded in the accompanying financial statements. The Bank’s policy is to recognize the costs of compensated absences when actually paid to employees.
Estimates	Estimates The use of estimates in the preparation of financial statements in conformity with accounting principles generally accepted in the United States of America (GAAP) 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 foreclosed real estate, and the valuation allowance for deferred tax assets. In connection with the determination of the allowance for loan losses and valuation of foreclosed real estate, management obtains independent appraisals for significant properties. With regard to the valuation allowance for deferred tax assets, management has developed a tax-planning strategy. In the ordinary course of business, the Bank enters into off-balance-sheet financial instruments consisting of commitments to extend credit, including unfunded commitments under lines of credit. Such financial instruments are recorded in the financial statements when they are funded.
Comprehensive Income	Comprehensive Income The Bank reports comprehensive income in accordance with the accounting guidance related to FAS ASC 220, Comprehensive Income.
Recent Accounting Pronouncements	Recent Accounting Pronouncements Emerging Growth Company Status The Company qualifies as an “emerging growth company” under the Jumpstart Our Business Startups Act of 2012 (the “JOBS Act”). For as long as the Company is an emerging growth company, it may choose to take advantage of exemptions from various reporting requirement applicable to other public companies but not to emerging growth companies. An emerging growth company may elect to use the extended transition period to delay adoption of new or revised accounting pronouncements applicable to public companies until such pronouncements are made applicable to private companies, but must make such election when the company is first required to file a registration statement. The Company has elected to use the extended transition period described above and intends to maintain its emerging growth company status as allowed under the JOBS Act. In May 2014, the FASB issued ASU 2014-09, Revenue from Contracts with Customers (Topic 606). 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. In February 2016, the FASB issued ASU 2016-02, Leases (Topic 842), Conforming Amendments Related to Leases In June 2016, the FASB issued ASU 2016-13, Financial Instruments – Credit Losses (Topic 326), Measurement of Credit Losses on Financial Instruments In August 2016, the FASB issued ASU No. 2016-15, Statement of Cash Flows (Topic 230): Classification of Certain Cash Receipts and Cash Payments In February 2018, the FASB issued ASU No. 2018-02, Income Statement – Reporting Comprehensive Income (Topic 220)
Reclassifications	Reclassifications Certain reclassifications have been made to the 2016 financial information in order to conform to the 2017 financial statement presentation. Such reclassifications had no effect on previously reported net income.
Subsequent Events	Subsequent Events In preparing the financial statements, the Bank has evaluated events and transactions for potential recognition or disclosure through March 29, 2018, the date the financial statements were available to be issued.

Summary of Significant Accoun28

Summary of Significant Accounting Policies (Tables)	12 Months Ended
	Dec. 31, 2017
Accounting Policies [Abstract]
Schedule of earnings per common share were computed based	Year Ended December 31, (in thousands, except per share data) 2017 Numerator: Net income available to common shareholders $ 549 Denominator: Average common shares outstanding (Total issued, less unallocated ESOP shares) 1,521 Dilutive stock options - 1,521 Basic (and Diluted) earnings per common share $ 0.36

Investment Securities (Tables)

Investment Securities (Tables)	12 Months Ended
	Dec. 31, 2017
Investments, Debt and Equity Securities [Abstract]
Schedule of amortized cost and fair value of investment securities	December 31, 2017 Gross Gross Amortized Unrealized Unrealized Fair (in thousands) Cost Gains (Losses) Value Available for Sale: Mortgage-Backed Securities $ 5,514 $ 57 $ (48 ) $ 5,523 Held to Maturity: Mortgage-Backed Securities $ 651 $ - $ (10 ) $ 641 December 31, 2016 Gross Gross Amortized Unrealized Unrealized Fair (in thousands) Cost Gains (Losses) Value Available for Sale: Mortgage-Backed Securities $ 7,126 $ 87 $ (38 ) $ 7,175 Held to Maturity: Mortgage-Backed Securities $ 832 $ 1 $ (9 ) $ 824
Schedule of available for sale and held to maturity	Amortized Fair (in thousands) Cost Value Available for Sale: Less than One Year $ - $ - After One Year Through Five Years 4 4 After Five Years Through Ten Years 1,734 1,723 After Ten Years 3,776 3,796 $ 5,514 $ 5,523 Held to Maturity: After Five Years Through Ten Years $ 358 $ 355 After Ten Years 293 286 $ 651 $ 641
Schedule of available for sale securities in an unrealized loss position	December 31, 2017 (in thousands) Less Than 12 Months 12 Months or Longer Total Fair Value Unrealized Fair Value Unrealized Fair Value Unrealized Available for Sale: Mortgage-Backed Securities $ 2,245 $ 20 $ 1,223 $ 28 $ 3,468 $ 48 Held to Maturity: Mortgage-Backed Securities $ 355 $ 3 $ 275 $ 7 $ 630 $ 10 December 31, 2016 (in thousands) Less Than 12 Months 12 Months or Longer Total Fair Value Unrealized Fair Value Unrealized Fair Value Unrealized Loss Available for Sale: Mortgage-Backed Securities $ 2,300 $ 15 $ 1,231 $ 23 $ 3,531 $ 38 Held to Maturity: Mortgage-Backed Securities $ 587 $ 2 $ 218 $ 7 $ 805 $ 9

Loans Receivable (Tables)

Loans Receivable (Tables)	12 Months Ended
	Dec. 31, 2017
Receivables [Abstract]
Schedule of loans receivable	(in thousands) December 31, 2017 December 31, 2016 Real Estate: Secured by one-to four family residential properties Owner-occupied $ 50,863 $ 46,353 Non-owner-occupied 12,405 11,237 Home Equity Lines of Credit 2,487 2,246 Commercial (Nonresidential) Properties 16,364 7,234 Land 2,605 2,907 Construction 1,703 3,475 Multi-family 1,665 2,629 Commercial 1,392 295 Consumer Loans 451 285 Total Loans 89,935 76,661 Less: Net Deferred Loan Fees (443 ) (459 ) Loans in Process (701 ) (851 ) Allowance for Loan Losses (756 ) (692 ) Net Loans $ 88,035 $ 74,659
Schedule of allowance for credit losses on financing receivables	Real Estate Commercial Land One-to-Four Family Construction Multi-Family Consumer Commercial Total Allowance for Credit Losses: Beginning Balance $ 43 $ 101 $ 528 $ 8 $ 3 $ - $ 9 $ 692 Charge-offs (16 ) - - - - - - (16 ) Recoveries - - - - - - - - Provision 67 (45 ) 17 - 1 1 39 80 Ending Balance $ 94 $ 56 $ 545 $ 8 $ 4 $ 1 $ 48 $ 756 Ending Balance: Individually Evaluated for Impairment $ 13 $ 2 $ 23 $ - $ - $ - $ - $ 38 Ending Balance: Collectively Evaluated for Impairment $ 81 $ 54 $ 522 $ 8 $ 4 $ 1 $ 48 $ 718 Loans Receivable: Ending Balance $ 16,364 $ 2,605 $ 65,755 $ 1,703 $ 1,665 $ 451 $ 1,392 $ 89,935 Ending Balance: Individually Evaluated for Impairment $ 131 $ 16 $ 225 $ - $ - $ - $ - $ 372 Ending Balance: Collectively Evaluated for Impairment $ 16,233 $ 2,589 $ 65,530 $ 1,703 $ 1,665 $ 451 $ 1,392 $ 89,563 Real Estate Commercial Land One-to-Four Construction Multi-Family Consumer Commercial Total Allowance for Credit Losses: Beginning Balance $ 48 $ 85 $ 447 $ 9 $ 3 $ - $ - $ 592 Charge-offs - (10 ) (108 ) - - - - (118 ) Recoveries - - 38 - - - - 38 Provision (5 ) 26 151 (1 ) - - 9 180 Ending Balance $ 43 $ 101 $ 528 $ 8 $ 3 $ - $ 9 $ 692 Ending Balance: Individually Evaluated for Impairment $ - $ 2 $ 36 $ - $ - $ - $ - $ 38 Ending Balance: Collectively Evaluated for Impairment $ 43 $ 99 $ 492 $ 8 $ 3 $ - $ 9 $ 654 Loans Receivable: Ending Balance $ 7,234 $ 2,907 $ 59,836 $ 3,475 $ 2,629 $ 285 $ 295 $ 76,661 Ending Balance: Individually Evaluated for Impairment $ - $ 17 $ 501 $ - $ - $ - $ - $ 518 Ending Balance: Collectively Evaluated for Impairment $ 7,234 $ 2,890 $ 59,335 $ 3,475 $ 2,629 $ 285 $ 295 $ 76,143
Schedule of credit risk profile by internally assigned grade	December 31, 2017 Real Estate Commercial Land One-to-Four Construction Multi-Family Consumer Commercial Total Pass $ 16,065 $ 2,541 $ 65,259 $ 1,703 $ 1,665 $ 451 $ 1,392 $ 89,076 Special Mention - - - - - - - - Substandard 299 64 496 - - - - 859 Doubtful - - - - - - - - Loss - - - - - - - - $ 16,364 $ 2,605 $ 65,755 $ 1,703 $ 1,665 $ 451 $ 1,392 $ 89,935 December 31, 2016 Real Estate Commercial Land One-to-Four Construction Multi-Family Consumer Commercial Total Pass $ 7,050 $ 2,852 $ 59,183 $ 3,475 $ 2,629 $ 285 $ 295 $ 75,769 Special Mention - - - - - - - - Substandard 184 55 653 - - - - 892 Doubtful - - - - - - - - Loss - - - - - - - - $ 7,234 $ 2,907 $ 59,836 $ 3,475 $ 2,629 $ 285 $ 295 $ 76,661
Schedule of aging analysis of past due financing receivables	December 31, 2017 Accruing 30-89 90 Days Total Days and Over Total Nonaccrual Loans Past Due Past Due Past Due Current Status Receivable Real Estate: Commercial $ 237 $ - $ 237 $ 15,996 $ 131 $ 16,364 Land 103 18 121 2,468 16 2,605 Residential 1,744 - 1,744 63,786 225 65,755 Construction - - - 1,703 - 1,703 Multi-family - - - 1,665 - 1,665 Consumer 20 - 20 431 - 451 Commercial - - - 1,392 - 1,392 $ 2,104 $ 18 $ 2,122 $ 87,441 $ 372 $ 89,935 December 31, 2016 Accruing 30-89 90 Days Total Days and Over Total Nonaccrual Loans Past Due Past Due Past Due Current Status Receivable Real Estate: Commercial $ 141 $ - $ 141 $ 7,093 - $ 7,234 Land 20 - 20 2,870 17 2,907 Residential 1,588 - 1,588 57,747 501 59,836 Construction - - - 3,475 - 3,475 Multi-family - - - 2,629 - 2,629 Consumer 5 5 280 - 285 Commercial - - - 295 - 295 $ 1,754 $ - $ 1,754 $ 74,389 $ 518 $ 76,661
Schedule of impaired loans	As Of And For The Year Ended December 31, 2017 Unpaid Allowance Average Interest Recorded Principal Losses Recorded Income Loans with an allowance recorded: Real estate Commercial $ 131 $ 147 $ 13 $ 145 $ - Land 16 21 2 14 - 1-4 family residential 225 228 23 218 - Multi-Family - - - - - Construction - - - - - Consumer and Commercial - - - - - Loans with no allowance recorded: Real estate Commercial - - - - - Land - - - - - 1-4 family residential - - - - - Multi-Family - - - - - Construction - - - - - Consumer and Commercial - - - - - Totals $ 372 $ 396 $ 38 $ 377 $ - As Of And For The Year Ended December 31, 2016 Unpaid Allowance Average Interest Recorded Principal Losses Recorded Income Loans with an allowance recorded: Real estate Commercial $ - $ - $ - $ - $ - Land 17 20 2 18 - 1-4 family residential 501 686 36 538 - Multi-Family - - - - - Construction - - - - - Consumer and Commercial - - - - - Loans with no allowance recorded: Real estate Commercial - - - - - Land - - - - - 1-4 family residential - - - - - Multi-Family - - - - - Construction - - - - - Consumer and Commercial - - - - - Totals $ 518 $ 706 $ 38 $ 556 $ -
Schedule of troubled debt restructurings	Number of Pre- Post- Modifications as of December 31, 2017: Residential - modified amortization 0 $ - $ - Modifications as of December 31, 2016: Residential - modified amortization 4 $ 441 $ 290

Accrued Interest Receivable (Ta

Accrued Interest Receivable (Tables)	12 Months Ended
	Dec. 31, 2017
Accrued Interest Receivable [Abstract]
Schedule of accrued interest receivable	(Dollars in thousands) 2017 2016 Securities Available for Sale $ 12 $ 13 Securities Held to Maturity 2 4 Interest Bearing Deposits 6 6 Loans Receivable 350 295 $ 370 $ 318

Servicing (Tables)

Servicing (Tables)	12 Months Ended
	Dec. 31, 2017
Transfers and Servicing [Abstract]
Schedule of change in mortgage servicing rights	(Dollars in thousands) 2017 2016 Beginning Balance $ 325 $ 282 Additions 50 77 Amortization (27 ) (34 ) Ending Balance $ 348 $ 325

Premises and Equipment (Tables)

Premises and Equipment (Tables)	12 Months Ended
	Dec. 31, 2017
Property, Plant and Equipment [Abstract]
Schedule of major classes of premises and equipment	Estimated (Dollars in thousands) Life 2017 2016 Land $ 730 $ 351 Buildings 25 - 39 Years 5,429 5,288 Furniture and Fixtures 3 - 10 Years 714 666 6,873 6,305 Less Accumulated Depreciation 2,764 2,589 $ 4,109 $ 3,716

Leases (Tables)

Leases (Tables)	12 Months Ended
	Dec. 31, 2017
Leases [Abstract]
Schedule of future minimum receipts under leases	(Dollars in thousands) 2018 $ 86 2019 28 2020 - $ 114

Deposits (Tables)

Deposits (Tables)	12 Months Ended
	Dec. 31, 2017
Banking and Thrift [Abstract]
Schedule of maturities of certificates of deposit	(Dollars in thousands) 3 months or less $ 6,518 3 months through 12 months 15,944 1 year through 3 years 17,253 Over 3 years 9,787 $ 49,502
Schedule of interest expense of major classification of interest-bearing deposits	(Dollars in thousands) 2017 2016 NOW Accounts $ 7 $ 7 Savings Accounts 35 40 Certificates of Deposit 777 786 $ 819 $ 833

Borrowed Funds (Tables)

Borrowed Funds (Tables)	12 Months Ended
	Dec. 31, 2017
Borrowed Funds [Abstract]
Schedule of maturities of the advances	(Dollars in thousands) 2018 $ 7,700 2019 2,422 2020 2,413 2021 712 Thereafter 817 $ 14,064

Income Taxes (Tables)

Income Taxes (Tables)	12 Months Ended
	Dec. 31, 2017
Income Tax Disclosure [Abstract]
Schedule of provision for income tax	(Dollars in thousands) 2017 2016 Current Tax Provision $ 302 $ 63 Deferred Tax Expense (Benefit) (35 ) 47 Provision $ 267 $ 110
Schedule of provision for federal income taxes differs from federal statutory rates to income before federal income tax expense	(Dollars in thousands) 2017 2016 Federal Stautory Income Tax at 34% $ 277 34.0 % $ 91 34.0 % Tax Exempt Income (17 ) -2.1 % (18 ) -6.7 % Adjustment to Deferred Taxes for Change in Statutory Rate 12 1.5 % - 0.0 % Other - Net (5 ) -0.6 % 37 13.8 % $ 267 32.8 % $ 110 41.1 %
Schedule of deferred tax assets and liabilities	(Dollars in thousands) 2017 2016 Deferred Tax Assets: Allowance for Loan Losses $ 159 $ 235 Deferred Loan Fees and Costs, net 26 36 Nondeductible Writedowns on Foreclosed Real Estate 3 6 Deferred Compensation 144 166 Other - 11 332 454 Deferred Tax Liabilities: Tax over Book Depreciation 171 276 Dividends on FHLB Stock 27 39 Mortgage Servicing Rights 73 110 Net Unrealized Gains on Securities 2 16 273 441 Valuation Allowance - - Net Deferred Tax Asset $ 59 $ 13

Related Party Transaction (Tabl

Related Party Transaction (Tables)	12 Months Ended
	Dec. 31, 2017
Related Party Transactions [Abstract]
Schedule of deposits and loans of officers and directors	(Dollars in thousands) 2017 2016 Deposits $ 1,247 $ 1,965 Loans: Beginning Loan Balance $ 1,375 $ 1,689 New Loans 70 - Repayments (1,332 ) (314 ) Ending Loan Balance $ 113 $ 1,375

Regulatory Matters (Tables)

Regulatory Matters (Tables)	12 Months Ended
	Dec. 31, 2017
Banking and Thrift [Abstract]
Schedule of Bank's actual and required capital amounts and ratios	Actual For Capital Adequacy To Be Well Capitalized Amount Ratio Amount Ratio Amount Ratio (Dollars in thousands) As of December 31, 2017 Total Capital (to Risk-Weighted Assets) $ 18,434 28.60 % $ 5,157 8.0 % $ 6,446 10.0 % Tier I Capital (to Risk-Weighted Assets) $ 17,678 27.42 % $ 3,868 6.0 % $ 5,157 8.0 % Common Equity Tier 1 (to Risk-Weighted Assets) $ 17,678 27.42 % $ 2,901 4.5 % $ 4,190 6.5 % Tier I Leverage Capital (to Adjusted Total Assets) $ 17,678 16.19 % $ 4,368 4.0 % $ 5,461 5.0 % As of December 31, 2016 Total Capital (to Risk-Weighted Assets) $ 10,096 18.59 % $ 4,344 8.0 % $ 5,430 10.0 % Tier I Capital (to Risk-Weighted Assets) $ 9,418 17.35 % $ 3,258 6.0 % $ 4,344 8.0 % Common Equity Tier 1 (to Risk-Weighted Assets) $ 9,418 17.35 % $ 2,443 4.5 % $ 3,529 6.5 % Tier I Leverage Capital (to Adjusted Total Assets) $ 9,418 9.79 % $ 3,849 4.0 % $ 4,811 5.0 %
Schedule of reconciliation of Bank's total capital	(dollars in thousands) 2017 2016 Equity capital (Bank only) $ 17,685 $ 9,460 Dissallowed Mortgage Servicing Rights - (5 ) Deferred Tax Asset, Net - (6 ) Unrealized Losses on Securities Available for Sale, Net (7 ) (31 ) Tangible, Teir 1 Capital and Common Equity Tier 1 17,678 9,418 Allowance for Loan Losses 756 678 Total Capital $ 18,434 $ 10,096

Accumulated Other Comprehensi40

Accumulated Other Comprehensive Income (Loss) (Tables)	12 Months Ended
	Dec. 31, 2017
Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]
Schedule of component of accumulated other comprehensive income (loss)	(Dollars in thousands) 2017 2016 Unrealized Gains (Losses) on Securities Available for Sale: Beginning Balance $ 31 $ 55 Other Comprehensive Income (Loss) Before Reclassifications - Net of Tax (25 ) (24 ) Adjustment to Other Comprehensive Income/Loss due to Federal Tax Law Change 1 - Other Comprehensive Income (Loss) (24 ) (24 ) Ending Balance $ 7 $ 31

Fair Value of Financial State41

Fair Value of Financial Statements (Tables)	12 Months Ended
	Dec. 31, 2017
Fair Value Disclosures [Abstract]
Schedule of assets and liabilities measured at fair value on a recurring basis	(In thousands) Fair Value Measurement Using Description Fair Quoted Prices in Significant Other Significant December 31, 2017 Mortgage-Backed Securities $ 5,523 $ - $ 5,523 $ - December 31, 2016 Mortgage-Backed Securities $ 7,175 $ - $ 7,175 $ -
Schedule of assets and liabilities measured at fair value on a non - recurring basis	Fair Value Measurement Using (In thousands) Fair Quoted Prices in Significant Significant December 30, 2017 Assets Impaired Loans $ 334 $ - $ 334 $ - Repossessed Assets 84 - 84 - Total $ 418 $ - $ 418 $ - December 31, 2016 Assets Impaired Loans $ 480 $ - $ 480 $ - Repossessed Assets 93 - 93 - Total $ 573 $ - $ 573 $ -
Schedule of carrying amounts and estimated fair values financial instruments	Fair Value Measurement Using (In thousands) Carrying Fair Quoted Prices in Significant Other Significant December 31, 2017 Financial Assets: Cash, Short-Term Investments and Federal Funds Sold $ 7,624 $ 7,624 $ 7,624 $ - $ - Securities-Available for Sale 5,523 5,523 - 5,523 - Securities-Held to Maturity 651 641 - 641 - Other Equity Securities 784 784 - - 784 Cash Value of Life Insurance 2,051 2,051 - 2,051 - Loans Held for Sale - - - - - Loans-Net 88,035 88,011 - - 88,011 104,668 104,634 $ 7,624 $ 8,215 $ 88,795 Financial Liabilities: Deposits $ 70,602 $ 70,562 $ - $ - $ 70,562 Borrowed Funds 14,064 13,944 - 13,944 - $ 84,666 $ 84,506 $ - $ 13,944 $ 70,562 Fair Value Measurement Using (In thousands) Carrying Fair Value Quoted Prices in Significant Other Significant December 31, 2016 Financial Assets: Cash, Short-Term Investments and Federal Funds Sold $ 8,014 $ 8,014 $ 8,014 $ - $ - Securities-Available for Sale 7,175 7,175 - 7,175 - Securities-Held to Maturity 832 824 - 824 - Other Equity Securities 673 673 - - 673 Cash Value of Life Insurance 2,001 2,001 - 2,001 - Loans-Net 74,659 74,866 - - 74,866 $ 93,354 $ 93,553 $ 8,014 $ 10,000 $ 75,539 Financial Liabilities: Deposits $ 74,251 $ 75,732 $ - $ - $ 75,732 Borrowed Funds 13,274 13,209 - 13,209 - $ 87,525 $ 88,941 $ - $ 13,209 $ 75,732

Condensed Financial Informati42

Condensed Financial Information (Parent Company Only) (Tables)	12 Months Ended
	Dec. 31, 2017
Condensed Financial Information of Parent Company Only Disclosure [Abstract]
Schedule of Condensed Balance Sheet	Condensed Balance Sheet December 31, 2017 (in thousands) Assets: Cash $ 6,401 Due from Subsidiary Bank 85 Investments in Bank Subsidiary 17,685 Total Assets $ 24,171 Liabilities and Shareholders' Equity Liabilities $ - Total Shareholders' Equity 24,171 Liabilities and Shareholders' Equity $ 24,171
Schedule of Condensed Statement of Income	Condensed Statement of Income For the Period Ended December 31, 2017 Income: Equity in Net Income of Bank Subsidiary $ 295 Other Income 22 Total Income 317 Expenses: - Net Income $ 317
Schedule of Condensed Statement of Cash Flows	Condensed Statement of Cash Flows For the Period Ended December 31, 2017 Cash Flows From Operating Activities: Net Income $ 317 Increase In Due to Bank Subsidiary (85 ) Equity in Net Income of Bank Subsidiary (295 ) Net Cash Used in Operating Activities (63 ) Cash Flows From Investing Activities: Investment in Bank Subsidiary (7,660 ) Cash Flows From Financing Activities: Net Proceeds from Issuance of Common Stock 14,124 Net Increase in cash 6,401 Cash at Beginning of Year - Cash at End of Year $ 6,401

Summary of Significant Accoun43

Summary of Significant Accounting Policies (Details) $ / shares in Units, $ in Thousands	12 Months Ended
	Dec. 31, 2017USD ($)$ / sharesshares
Numerator:
Net income available to common shareholders | $	$ 549
Denominator:
Average common shares outstanding (Total issued, less unallocated ESOP shares)	1,521,000
Dilutive stock options	0
Weighted Average Number of Shares Outstanding, Diluted	1,521,000
Basic (and Diluted) earnings per common share | $ / shares	$ 0.36

Summary of Significant Accoun44

Summary of Significant Accounting Policies (Detail Textuals) - $ / shares	Jul. 12, 2017	Dec. 31, 2017	Dec. 31, 2016
Summary Of Significant Accounting Policies [Line Items]
Numbers of shares issued on mutual-to-stock conversion	1,653,125
Stock issued price per share on mutual-to-stock conversion	$ 10
Purchase and maintain stock percent of total assets		0.04%
Percentage of outstanding FHLB advances		4.10%
Real Estate | Residential
Summary Of Significant Accounting Policies [Line Items]
Percentage of loan portfolio		77.00%	85.00%

Commitments and Contingencies (

Commitments and Contingencies (Detail Textuals) - USD ($)	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016
Commitments and Contingencies Disclosure [Abstract]
Loan commitments at average fixed rate	$ 1,809,000	$ 955,000
Loan commitments at average fixed rate percentage	4.77%	3.89%
Unfunded commitments under home equity lines of credit at effective variable rate	$ 2,262,000	$ 1,837,000
Unfunded commitments under home equity lines of credit at effective variable rate percentage	4.848%	4.283%
Line of credit renewed	$ 3,000,000

Investment Securities - Amortiz

Investment Securities - Amortized costs and estimated fair values of investment securities (Details) - USD ($) $ in Thousands	Dec. 31, 2017	Dec. 31, 2016
Available for Sale:
Fair Value	$ 5,523	$ 7,175
Mortgage-Backed Securities
Available for Sale:
Amortized Cost	5,514	7,126
Gross Unrealized Gains	57	87
Gross Unrealized (Losses)	(48)	(38)
Fair Value	5,523	7,175
Held to Maturity:
Amortized Cost	651	832
Gross Unrealized Gains	0	1
Gross Unrealized (Losses)	(10)	(9)
Fair Value	$ 641	$ 824

Investment Securities - Investm

Investment Securities - Investment securities by contractual maturity (Details 1) - Mortgage-Backed Securities - USD ($) $ in Thousands	Dec. 31, 2017	Dec. 31, 2016
Available for Sale:
Less than One Year, Amortized Cost	$ 0
After One Year Through Five Years, Amortized Cost	4
After Five Years Through Ten Years, Amortized Cost	1,734
After Ten Years, Amortized Cost	3,776
Amortized Cost	5,514
Held to Maturity:
After Five Through Ten Years, Amortized Cost	358
After Ten Years, Amortized Cost	293
Amortized Cost	651	$ 832
Available for Sale:
Less than One Year, Fair Value	0
After One Year Through Five Years, Fair Value	4
After Five Years Through Ten Years, Fair Value	1,723
After Ten Years, Fair Value	3,796
Fair Value	5,523
Held to Maturity:
After Five Years Through Ten Years, Fair Value	355
After Ten Years, Fair Value	286
Fair Value	$ 641	$ 824

Investment Securities - Gross u

Investment Securities - Gross unrealized losses, fair values, and length of time in a continued unrealized loss position (Details 2) - Mortgage-Backed Securities - USD ($) $ in Thousands	Dec. 31, 2017	Dec. 31, 2016
Available for Sale:
Less Than 12 Months, Fair Value	$ 2,245	$ 2,300
Less Than 12 Months, Unrealized Loss	20	15
12 Months or Longer, Fair Value	1,223	1,231
12 Months or Longer, Unrealized Loss	28	23
Total, Fair Value	3,468	3,531
Total , Unrealized Loss	48	38
Held to Maturity:
Less Than 12 Months, Fair Value	355	587
Less Than 12 Months, Unrealized Loss	3	2
12 Months or Longer, Fair Value	275	218
12 Months or Longer, Unrealized Loss	7	7
Total, Fair Value	630	805
Total, Unrealized Loss	$ 10	$ 9

Loans Receivable (Details)

Loans Receivable (Details) - USD ($) $ in Thousands	Dec. 31, 2017	Dec. 31, 2016
Loans and Leases Receivable Disclosure [Line Items]
Total Loans	$ 89,935	$ 76,661
Less: Net Deferred Loan Fees	(443)	(459)
Loans in Process	(701)	(851)
Allowance for Loan Losses	(756)	(692)
Total Loans, Net	88,035	74,659
Real Estate | Secured by One-to four family residential properties Owner-occupied
Loans and Leases Receivable Disclosure [Line Items]
Total Loans	50,863	46,353
Real Estate | Secured by One-to four family residential properties Non-owner-occupied
Loans and Leases Receivable Disclosure [Line Items]
Total Loans	12,405	11,237
Real Estate | Secured by One-to four family residential properties Home Equity Lines of Credit
Loans and Leases Receivable Disclosure [Line Items]
Total Loans	2,487	2,246
Real Estate | Commercial (Nonresidential) Properties
Loans and Leases Receivable Disclosure [Line Items]
Total Loans	16,364	7,234
Real Estate | Land
Loans and Leases Receivable Disclosure [Line Items]
Total Loans	2,605	2,907
Real Estate | Construction
Loans and Leases Receivable Disclosure [Line Items]
Total Loans	1,703	3,475
Real Estate | Multi-family
Loans and Leases Receivable Disclosure [Line Items]
Total Loans	1,665	2,629
Commercial Business
Loans and Leases Receivable Disclosure [Line Items]
Total Loans	1,392	295
Consumer Loans
Loans and Leases Receivable Disclosure [Line Items]
Total Loans	$ 451	$ 285

Loans Receivable - Allocation a

Loans Receivable - Allocation and rollforward of the allowance for loan losses by loan type (Details1) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016
Allowance for Credit Losses:
Beginning Balance	$ 692	$ 592
Charge-offs	(16)	(118)
Recoveries	0	38
Provision	80	180
Ending Balance	756	692
Ending Balance: Individually Evaluated for Impairment	38	38
Ending Balance: Collectively Evaluated for Impairment	718	654
Loans Receivable:
Ending Balance	89,935	76,661
Ending Balance: Individually Evaluated for Impairment	372	518
Ending Balance: Collectively Evaluated for Impairment	89,563	76,143
Real Estate | Commercial
Allowance for Credit Losses:
Beginning Balance	43	48
Charge-offs	(16)	0
Recoveries	0	0
Provision	67	(5)
Ending Balance	94	43
Ending Balance: Individually Evaluated for Impairment	13	0
Ending Balance: Collectively Evaluated for Impairment	81	43
Loans Receivable:
Ending Balance	16,364	7,234
Ending Balance: Individually Evaluated for Impairment	131	0
Ending Balance: Collectively Evaluated for Impairment	16,233	7,234
Real Estate | Land
Allowance for Credit Losses:
Beginning Balance	101	85
Charge-offs	0	(10)
Recoveries	0	0
Provision	(45)	26
Ending Balance	56	101
Ending Balance: Individually Evaluated for Impairment	2	2
Ending Balance: Collectively Evaluated for Impairment	54	99
Loans Receivable:
Ending Balance	2,605	2,907
Ending Balance: Individually Evaluated for Impairment	16	17
Ending Balance: Collectively Evaluated for Impairment	2,589	2,890
Real Estate | One-to-Four Family
Allowance for Credit Losses:
Beginning Balance	528	447
Charge-offs	0	(108)
Recoveries	0	38
Provision	17	151
Ending Balance	545	528
Ending Balance: Individually Evaluated for Impairment	23	36
Ending Balance: Collectively Evaluated for Impairment	522	492
Loans Receivable:
Ending Balance	65,755	59,836
Ending Balance: Individually Evaluated for Impairment	225	501
Ending Balance: Collectively Evaluated for Impairment	65,530	59,335
Real Estate | Construction
Allowance for Credit Losses:
Beginning Balance	8	9
Charge-offs	0	0
Recoveries	0	0
Provision	0	(1)
Ending Balance	8	8
Ending Balance: Individually Evaluated for Impairment	0	0
Ending Balance: Collectively Evaluated for Impairment	8	8
Loans Receivable:
Ending Balance	1,703	3,475
Ending Balance: Individually Evaluated for Impairment	0	0
Ending Balance: Collectively Evaluated for Impairment	1,703	3,475
Real Estate | Multi-family
Allowance for Credit Losses:
Beginning Balance	3	3
Charge-offs	0	0
Recoveries	0	0
Provision	1	0
Ending Balance	4	3
Ending Balance: Individually Evaluated for Impairment	0	0
Ending Balance: Collectively Evaluated for Impairment	4	3
Loans Receivable:
Ending Balance	1,665	2,629
Ending Balance: Individually Evaluated for Impairment	0	0
Ending Balance: Collectively Evaluated for Impairment	1,665	2,629
Consumer
Allowance for Credit Losses:
Beginning Balance	0	0
Charge-offs	0	0
Recoveries	0	0
Provision	1	0
Ending Balance	1	0
Ending Balance: Individually Evaluated for Impairment	0	0
Ending Balance: Collectively Evaluated for Impairment	1	0
Loans Receivable:
Ending Balance	451	285
Ending Balance: Individually Evaluated for Impairment	0	0
Ending Balance: Collectively Evaluated for Impairment	451	285
Commercial Business
Allowance for Credit Losses:
Beginning Balance	9	0
Charge-offs	0	0
Recoveries	0	0
Provision	39	9
Ending Balance	48	9
Ending Balance: Individually Evaluated for Impairment	0	0
Ending Balance: Collectively Evaluated for Impairment	48	9
Loans Receivable:
Ending Balance	1,392	295
Ending Balance: Individually Evaluated for Impairment	0	0
Ending Balance: Collectively Evaluated for Impairment	$ 1,392	$ 295

Loans Receivable - Credit quali

Loans Receivable - Credit quality indicators (Details 2) - USD ($) $ in Thousands	Dec. 31, 2017	Dec. 31, 2016
Loans and Leases Receivable Disclosure [Line Items]
Total Loans	$ 89,935	$ 76,661
Pass
Loans and Leases Receivable Disclosure [Line Items]
Total Loans	89,076	75,769
Special Mention
Loans and Leases Receivable Disclosure [Line Items]
Total Loans	0	0
Substandard
Loans and Leases Receivable Disclosure [Line Items]
Total Loans	859	892
Doubtful
Loans and Leases Receivable Disclosure [Line Items]
Total Loans	0	0
Loss
Loans and Leases Receivable Disclosure [Line Items]
Total Loans	0	0
Real Estate | Commercial
Loans and Leases Receivable Disclosure [Line Items]
Total Loans	16,364	7,234
Real Estate | Land
Loans and Leases Receivable Disclosure [Line Items]
Total Loans	2,605	2,907
Real Estate | One-to-Four Family
Loans and Leases Receivable Disclosure [Line Items]
Total Loans	65,755	59,836
Real Estate | Construction
Loans and Leases Receivable Disclosure [Line Items]
Total Loans	1,703	3,475
Real Estate | Multi-family
Loans and Leases Receivable Disclosure [Line Items]
Total Loans	1,665	2,629
Real Estate | Pass | Commercial
Loans and Leases Receivable Disclosure [Line Items]
Total Loans	16,065	7,050
Real Estate | Pass | Land
Loans and Leases Receivable Disclosure [Line Items]
Total Loans	2,541	2,852
Real Estate | Pass | One-to-Four Family
Loans and Leases Receivable Disclosure [Line Items]
Total Loans	65,259	59,183
Real Estate | Pass | Construction
Loans and Leases Receivable Disclosure [Line Items]
Total Loans	1,703	3,475
Real Estate | Pass | Multi-family
Loans and Leases Receivable Disclosure [Line Items]
Total Loans	1,665	2,629
Real Estate | Special Mention | Commercial
Loans and Leases Receivable Disclosure [Line Items]
Total Loans	0	0
Real Estate | Special Mention | Land
Loans and Leases Receivable Disclosure [Line Items]
Total Loans	0	0
Real Estate | Special Mention | One-to-Four Family
Loans and Leases Receivable Disclosure [Line Items]
Total Loans	0	0
Real Estate | Special Mention | Construction
Loans and Leases Receivable Disclosure [Line Items]
Total Loans	0	0
Real Estate | Special Mention | Multi-family
Loans and Leases Receivable Disclosure [Line Items]
Total Loans	0	0
Real Estate | Substandard | Commercial
Loans and Leases Receivable Disclosure [Line Items]
Total Loans	299	184
Real Estate | Substandard | Land
Loans and Leases Receivable Disclosure [Line Items]
Total Loans	64	55
Real Estate | Substandard | One-to-Four Family
Loans and Leases Receivable Disclosure [Line Items]
Total Loans	496	653
Real Estate | Substandard | Construction
Loans and Leases Receivable Disclosure [Line Items]
Total Loans	0	0
Real Estate | Substandard | Multi-family
Loans and Leases Receivable Disclosure [Line Items]
Total Loans	0	0
Real Estate | Doubtful | Commercial
Loans and Leases Receivable Disclosure [Line Items]
Total Loans	0	0
Real Estate | Doubtful | Land
Loans and Leases Receivable Disclosure [Line Items]
Total Loans	0	0
Real Estate | Doubtful | One-to-Four Family
Loans and Leases Receivable Disclosure [Line Items]
Total Loans	0	0
Real Estate | Doubtful | Construction
Loans and Leases Receivable Disclosure [Line Items]
Total Loans	0	0
Real Estate | Doubtful | Multi-family
Loans and Leases Receivable Disclosure [Line Items]
Total Loans	0	0
Real Estate | Loss | Commercial
Loans and Leases Receivable Disclosure [Line Items]
Total Loans	0	0
Real Estate | Loss | Land
Loans and Leases Receivable Disclosure [Line Items]
Total Loans	0	0
Real Estate | Loss | One-to-Four Family
Loans and Leases Receivable Disclosure [Line Items]
Total Loans	0	0
Real Estate | Loss | Construction
Loans and Leases Receivable Disclosure [Line Items]
Total Loans	0	0
Real Estate | Loss | Multi-family
Loans and Leases Receivable Disclosure [Line Items]
Total Loans	0	0
Consumer
Loans and Leases Receivable Disclosure [Line Items]
Total Loans	451	285
Consumer | Pass
Loans and Leases Receivable Disclosure [Line Items]
Total Loans	451	285
Consumer | Special Mention
Loans and Leases Receivable Disclosure [Line Items]
Total Loans	0	0
Consumer | Substandard
Loans and Leases Receivable Disclosure [Line Items]
Total Loans	0	0
Consumer | Doubtful
Loans and Leases Receivable Disclosure [Line Items]
Total Loans	0	0
Consumer | Loss
Loans and Leases Receivable Disclosure [Line Items]
Total Loans	0	0
Commercial Business
Loans and Leases Receivable Disclosure [Line Items]
Total Loans	1,392	295
Commercial Business | Pass
Loans and Leases Receivable Disclosure [Line Items]
Total Loans	1,392	295
Commercial Business | Special Mention
Loans and Leases Receivable Disclosure [Line Items]
Total Loans	0	0
Commercial Business | Substandard
Loans and Leases Receivable Disclosure [Line Items]
Total Loans	0	0
Commercial Business | Doubtful
Loans and Leases Receivable Disclosure [Line Items]
Total Loans	0	0
Commercial Business | Loss
Loans and Leases Receivable Disclosure [Line Items]
Total Loans	$ 0	$ 0

Loans Receivable - Aging analys

Loans Receivable - Aging analysis of loans (Details 3) - USD ($) $ in Thousands	Dec. 31, 2017	Dec. 31, 2016
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	$ 2,122	$ 1,754
Current	87,441	74,389
Nonaccrual Status	372	518
Total Loans Receivable	89,935	76,661
30-89 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	2,104	1,754
90 Days and Over Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	18	0
Real Estate | Commercial
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	237	141
Current	15,996	7,093
Nonaccrual Status	131	0
Total Loans Receivable	16,364	7,234
Real Estate | Commercial | 30-89 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	237	141
Real Estate | Commercial | 90 Days and Over Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	0	0
Real Estate | Land
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	121	20
Current	2,468	2,870
Nonaccrual Status	16	17
Total Loans Receivable	2,605	2,907
Real Estate | Land | 30-89 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	103	20
Real Estate | Land | 90 Days and Over Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	18	0
Real Estate | Residential
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	1,744	1,588
Current	63,786	57,747
Nonaccrual Status	225	501
Total Loans Receivable	65,755	59,836
Real Estate | Residential | 30-89 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	1,744	1,588
Real Estate | Residential | 90 Days and Over Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	0	0
Real Estate | Construction
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	0	0
Current	1,703	3,475
Nonaccrual Status	0	0
Total Loans Receivable	1,703	3,475
Real Estate | Construction | 30-89 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	0	0
Real Estate | Construction | 90 Days and Over Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	0	0
Real Estate | Multi-family
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	0	0
Current	1,665	2,629
Nonaccrual Status	0	0
Total Loans Receivable	1,665	2,629
Real Estate | Multi-family | 30-89 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	0	0
Real Estate | Multi-family | 90 Days and Over Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	0	0
Consumer
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	20	5
Current	431	280
Nonaccrual Status	0	0
Total Loans Receivable	451	285
Consumer | 30-89 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	20	5
Consumer | 90 Days and Over Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	0	0
Commercial
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	0	0
Current	1,392	295
Nonaccrual Status	0	0
Total Loans Receivable	1,392	295
Commercial | 30-89 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	0	0
Commercial | 90 Days and Over Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	$ 0	$ 0

Loans Receivable - Impaired loa

Loans Receivable - Impaired loans disaggregated by class (Details 4) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016
Loans with an allowance recorded:
Related Allowance	$ 38	$ 38
Total Impaired Loans:
Recorded Investment	372	518
Unpaid Principal Balance	396	706
Related Allowance	38	38
Average Recorded Investment	377	556
Interest Income Recognized	0	0
Real Estate | Commercial
Loans with an allowance recorded:
Recorded Investment	131	0
Unpaid Principal Balance	147	0
Related Allowance	13	0
Average Recorded Investment	145	0
Interest Income Recognized	0	0
Loans with no allowance recorded:
Recorded Investment	0	0
Unpaid Principal Balance	0	0
Average Recorded Investment	0	0
Interest Income Recognized	0	0
Total Impaired Loans:
Related Allowance	13	0
Real Estate | Land
Loans with an allowance recorded:
Recorded Investment	16	17
Unpaid Principal Balance	21	20
Related Allowance	2	2
Average Recorded Investment	14	18
Interest Income Recognized	0	0
Loans with no allowance recorded:
Recorded Investment	0	0
Unpaid Principal Balance	0	0
Average Recorded Investment	0	0
Interest Income Recognized	0	0
Total Impaired Loans:
Related Allowance	2	2
Real Estate | 1-4 family residential
Loans with an allowance recorded:
Recorded Investment	225	501
Unpaid Principal Balance	228	686
Related Allowance	23	36
Average Recorded Investment	218	538
Interest Income Recognized	0	0
Loans with no allowance recorded:
Recorded Investment	0	0
Unpaid Principal Balance	0	0
Average Recorded Investment	0	0
Interest Income Recognized	0	0
Total Impaired Loans:
Related Allowance	23	36
Real Estate | Multi-family
Loans with an allowance recorded:
Recorded Investment	0	0
Unpaid Principal Balance	0	0
Related Allowance	0	0
Average Recorded Investment	0	0
Interest Income Recognized	0	0
Loans with no allowance recorded:
Recorded Investment	0	0
Unpaid Principal Balance	0	0
Average Recorded Investment	0	0
Interest Income Recognized	0	0
Total Impaired Loans:
Related Allowance	0	0
Real Estate | Construction
Loans with an allowance recorded:
Recorded Investment	0	0
Unpaid Principal Balance	0	0
Related Allowance	0	0
Average Recorded Investment	0	0
Interest Income Recognized	0	0
Loans with no allowance recorded:
Recorded Investment	0	0
Unpaid Principal Balance	0	0
Average Recorded Investment	0	0
Interest Income Recognized	0	0
Total Impaired Loans:
Related Allowance	0	0
Consumer and Commercial
Loans with an allowance recorded:
Recorded Investment	0	0
Unpaid Principal Balance	0	0
Related Allowance	0	0
Average Recorded Investment	0	0
Interest Income Recognized	0	0
Loans with no allowance recorded:
Recorded Investment	0	0
Unpaid Principal Balance	0	0
Average Recorded Investment	0	0
Interest Income Recognized	0	0
Total Impaired Loans:
Related Allowance	$ 0	$ 0

Loans Receivable - Modification

Loans Receivable - Modifications disaggregated by class (Details 5) - Real Estate - Residential $ in Thousands	12 Months Ended
	Dec. 31, 2017USD ($)Contract	Dec. 31, 2016USD ($)Contract
Financing Receivable, Modifications [Line Items]
Number of Contracts | Contract	0	4
Pre-Modification Outstanding Recorded Investment	$ 0	$ 441
Post-Modification Outstanding Recorded Investment	$ 0	$ 290

Loans Receivable (Detail Textua

Loans Receivable (Detail Textuals) - USD ($)	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016
Receivables [Abstract]
Discounts on loans purchased amount	$ 322,000	$ 352,000

Accrued Interest Receivable (De

Accrued Interest Receivable (Details) - USD ($) $ in Thousands	Dec. 31, 2017	Dec. 31, 2016
Interest Receivable and Other Assets [Abstract]
Securities Available for Sale	$ 12	$ 13
Securities Held to Maturity	2	4
Interest Bearing Deposits	6	6
Loans Receivable	350	295
Accrued Interest Receivable	$ 370	$ 318

Servicing (Details)

Servicing (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016
Valuation Allowance for Impairment of Recognized Servicing Assets [Roll Forward]
Beginning Balance	$ 325	$ 325
Additions	50	77
Amortization	(27)	(34)
Ending Balance	$ 348	$ 325

Servicing (Detail Textuals)

Servicing (Detail Textuals) - USD ($)	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016
Transfers and Servicing [Abstract]
Recognized gain on loans sold to Federal Home Loan Mortgage Corporation	$ 63,000	$ 111,000
Proceeds from Sales of Loans	3,456,000	6,752,000
Unpaid principal balance of mortgage loans serviced for others	41,090,000	41,908,000
Custodial escrow balances (net)	$ 388,000	$ 1,640,000

Premises and Equipment (Details

Premises and Equipment (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016
Property, Plant and Equipment [Line Items]
Premises and equipment, gross	$ 6,873	$ 6,305
Less Accumulated Depreciation	2,764	2,589
Premises and equipment, net	4,109	3,716
Land
Property, Plant and Equipment [Line Items]
Premises and equipment, gross	730	351
Buildings
Property, Plant and Equipment [Line Items]
Premises and equipment, gross	$ 5,429	5,288
Buildings | Maximum
Property, Plant and Equipment [Line Items]
Premises and equipment estimated Life	39 Years
Buildings | Minimum
Property, Plant and Equipment [Line Items]
Premises and equipment estimated Life	25 Years
Furniture and Fixtures
Property, Plant and Equipment [Line Items]
Premises and equipment, gross	$ 714	$ 666
Furniture and Fixtures | Maximum
Property, Plant and Equipment [Line Items]
Premises and equipment estimated Life	10 Years
Furniture and Fixtures | Minimum
Property, Plant and Equipment [Line Items]
Premises and equipment estimated Life	3 Years

Premises and Equipment (Detai60

Premises and Equipment (Details 1) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016
Property, Plant and Equipment [Abstract]
Depreciation charged to operating expenses	$ 174	$ 184

Leases (Details)

Leases (Details) $ in Thousands	Dec. 31, 2017USD ($)
Leases [Abstract]
2,018	$ 86
2,019	28
2,020	0
Total, future minimum receipts	$ 114

Leases (Detail Textuals)

Leases (Detail Textuals) - USD ($)	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016
Leases [Abstract]
Rental income under leases	$ 80,000	$ 50,000

Deposits (Details)

Deposits (Details) $ in Thousands	Dec. 31, 2017USD ($)
Banking and Thrift [Abstract]
3 months or less	$ 6,518
3 months through 12 months	15,944
1 year through 3 years	17,253
Over 3 years	9,787
Time deposits	$ 49,502

Deposits (Details 1)

Deposits (Details 1) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016
Banking and Thrift [Abstract]
NOW Accounts	$ 7	$ 7
Savings Accounts	35	40
Certificates of Deposit	777	786
Total interest expense	$ 819	$ 833

Deposits (Detail Textuals)

Deposits (Detail Textuals) - USD ($)	Dec. 31, 2017	Dec. 31, 2016
Banking and Thrift [Abstract]
Time certificates of deposit in denominations of $250,000 or more	$ 4,245,000	$ 4,262,000

Borrowed Funds (Details)

Borrowed Funds (Details) - USD ($) $ in Thousands	Dec. 31, 2017	Dec. 31, 2016
Borrowed Funds [Abstract]
2,018	$ 7,700
2,019	2,422
2,020	2,413
2,021	712
Thereafter	817
Total	$ 14,064	$ 13,274

Borrowed Funds (Detail Textuals

Borrowed Funds (Detail Textuals) - USD ($)	Dec. 31, 2017	Dec. 31, 2016
Borrowed Funds [Abstract]
Advances from Federal Home Loan Banks	$ 14,064,000	$ 13,274,000
Federal home loan bank range from	1.001%
Federal home loan bank range to	2.136%
Capacity to borrow additional amount from FHLB	$ 22,937,000

Income Taxes (Details)

Income Taxes (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016
Income Tax Disclosure [Abstract]
Current Tax Provision	$ 302	$ 63
Deferred Tax Expense (Benefit)	(35)	47
Provision	$ 267	$ 110

Income Taxes (Details 1)

Income Taxes (Details 1) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016
Income Tax Disclosure [Abstract]
Federal Statutory Income Tax at 34%	$ 277	$ 91
Tax Exempt Income	(17)	(18)
Adjustment to Deferred Taxes for Change in Statutory Rate	12	0
Other - Net	(5)	37
Provision	$ 267	$ 110
Federal Statutory Income Tax percentage	34.00%	34.00%
Tax Exempt Income Percentage	2.10%	6.70%
Adjustment to Deferred Taxes for Change in Statutory Rate Percentage	1.50%	0.00%
Other - Net percentage	(0.60%)	13.80%
Income Tax Expense (Benefit) Percentage	32.80%	41.10%

Income Taxes (Details 2)

Income Taxes (Details 2) - USD ($) $ in Thousands	Dec. 31, 2017	Dec. 31, 2016
Deferred Tax Assets:
Allowance for Loan Losses	$ 159	$ 235
Deferred Loan Fees and Costs, net	26	36
Nondeductible Writedowns on Foreclosed Real Estate	3	6
Deferred Compensation	144	166
Other	0	11
Deferred Tax Assets	332	454
Deferred Tax Liabilities:
Tax over Book Depreciation	171	276
Dividends on FHLB Stock	27	39
Mortgage Servicing Rights	73	110
Net Unrealized Gains on Securities	2	16
Deferred Tax Liabilities	273	441
Valuation Allowance	0	0
Net Deferred Tax Asset	$ 59	$ 13

Income Taxes (Detail Textuals)

Income Taxes (Detail Textuals) - USD ($)	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016
Income Tax Disclosure [Abstract]
US corporate income tax rate	34.00%	34.00%
Corporate income tax rate effective in 2018	21.00%
Income tax expense due to write-off of net deferred tax asset	$ 12,000

Employee Benefit Plans (Detail

Employee Benefit Plans (Detail Textuals) - USD ($)	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016
Retirement Benefits [Abstract]
Contributions to the plan by the Bank	$ 44,000	$ 42,000
Deferred compensation expenses	55,000	77,000
Deferred compensation accrued liability	$ 684,000	$ 632,000
Total number of common stock shares acquired in the conversion under ESOP	132,250
Number of common stock shares allocated under ESOP	5,290
Number of common stock shares unallocated under ESOP	126,960
Compensation expense related to the ESOP	$ 63,000
Stock price at the formation date	$ 10
Aggregate fair value of the unallocated shares	$ 1,517,000
Closing price of the common stock	$ 11.95

Related Party Transaction (Deta

Related Party Transaction (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016
Related Party Transaction [Line Items]
Deposits	$ 70,602	$ 74,251
Officers and directors
Related Party Transaction [Line Items]
Deposits	1,247	1,965
Loans and Leases Receivable, Related Parties [Roll Forward]
Beginning Loan Balance	1,375	1,689
New Loans	70	0
Repayments	(1,332)	(314)
Ending Loan Balance	$ 113	$ 1,375

Regulatory Matters (Details)

Regulatory Matters (Details) - USD ($) $ in Thousands	Dec. 31, 2017	Dec. 31, 2016
Banking and Thrift [Abstract]
Total Core Capital (to Risk-Weighted Assets) Actual Amount	$ 18,434	$ 10,096
Total Core Capital (to Risk-Weighted Assets) Actual Ratio	28.60%	18.59%
Total Core Capital (to Risk-Weighted Assets) For Capital Adequacy Purposes Amount	$ 5,157	$ 4,344
Total Core Capital (to Risk-Weighted Assets) For Capital Adequacy Purposes Ratio	8.00%	8.00%
Total Core Capital (to Risk-Weighted Assets) To Be Well Capitalized Under Prompt Corrective Action Provisions Amount	$ 6,446	$ 5,430
Total Core Capital (to Risk-Weighted Assets) To Be Well Capitalized Under Prompt Corrective Action Provisions Ratio	10.00%	10.00%
Tier I Capital (to Risk-Weighted Assets) Actual Amount	$ 17,678	$ 9,418
Tier I Capital (to Risk-Weighted Assets) Actual Ratio	27.42%	17.35%
Tier I Capital (to Risk-Weighted Assets) For Capital Adequacy Purposes Amount	$ 3,868	$ 3,258
Tier I Capital (to Risk-Weighted Assets) For Capital Adequacy Purposes Ratio	6.00%	6.00%
Tier I Capital (to Risk-Weighted Assets) To Be Well Capitalized Under Prompt Corrective Action Provisions Amount	$ 5,157	$ 4,344
Tier I Capital (to Risk-Weighted Assets) To Be Well Capitalized Under Prompt Corrective Action Provisions Ratio	8.00%	8.00%
Common Equity Tier 1 (to Risk-Weighted Assets) Actual Amount	$ 17,678	$ 9,418
Common Equity Tier 1 (to Risk-Weighted Assets) Actual Ratio	27.42%	17.35%
Common Equity Tier 1 (to Risk-Weighted Assets) For Capital Adequacy Purposes Amount	$ 2,901	$ 2,443
Common Equity Tier 1 (to Risk-Weighted Assets) For Capital Adequacy Purposes Ratio	4.50%	4.50%
Common Equity Tier 1 (to Risk-Weighted Assets) To Be Well Capitalized Under Prompt Corrective Action Provisions Amount	$ 4,190	$ 3,529
Common Equity Tier 1 (to Risk-Weighted Assets) To Be Well Capitalized Under Prompt Corrective Action Provisions Ratio	6.50%	6.50%
Tier I Leverage Capital (to Adjusted Total Assets) Actual Amount	$ 17,678	$ 9,418
Tier I Leverage Capital (to Adjusted Total Assets) Actual Ratio	16.19%	9.79%
Tier I Leverage Capital (to Adjusted Total Assets) For Capital Adequacy Purposes Amount	$ 4,368	$ 3,849
Tier I Leverage Capital (to Adjusted Total Assets) For Capital Adequacy Purposes Ratio	4.00%	4.00%
Tier I Leverage Capital (to Adjusted Total Assets) To Be Well Capitalized Under Prompt Corrective Action Provisions Amount	$ 5,461	$ 4,811
Tier I Leverage Capital (to Adjusted Total Assets) To Be Well Capitalized Under Prompt Corrective Action Provisions Ratio	5.00%	5.00%

Regulatory Matters (Details 1)

Regulatory Matters (Details 1) - USD ($) $ in Thousands	Dec. 31, 2017	Dec. 31, 2016
Banking and Thrift [Abstract]
Equity capital (Bank only)	$ 17,685	$ 9,460
Disallowed Mortgage Servicing Rights	0	(5)
Deferred Tax Asset, Net	0	(6)
Unrealized Losses on Securities Available for Sale, Net	(7)	(31)
Tangible, Tier 1 Capital and Common Equity Tier 1	17,678	9,418
Allowance for Loan Losses	756	678
Total Capital	$ 18,434	$ 10,096

Accumulated Other Comprehensi76

Accumulated Other Comprehensive Income (Loss) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016
Unrealized Gains (Losses) on Securities Available for Sale:
Beginning Balance	$ 31	$ 55
Other Comprehensive Income (Loss) Before Reclassifications - Net of Tax	(25)	(24)
Adjustment to Other Comprehensive Income/Loss due to Federal Tax Law Change	1	0
Other Comprehensive Income (Loss)	(24)	(24)
Ending Balance	$ 7	$ 31

Fair Value of Financial State77

Fair Value of Financial Statements - Balance of assets and liabilities measured on a recurring basis (Details) - USD ($) $ in Thousands	Dec. 31, 2017	Dec. 31, 2016
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value	$ 5,523	$ 7,175
Recurring basis | Fair Value | Mortgage-Backed Securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value	5,523	7,175
Recurring basis | Fair Value | Quoted Prices in Active Markets for Identical Assets (Level 1) | Mortgage-Backed Securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value	0	0
Recurring basis | Fair Value | Significant Other Observable Inputs (Level 2) | Mortgage-Backed Securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value	5,523	7,175
Recurring basis | Fair Value | Significant Unobservable Inputs (Level 3) | Mortgage-Backed Securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value	$ 0	$ 0

Fair Value of Financial State78

Fair Value of Financial Statements - Fair value measurement on a non-recurring basis (Details 1) - USD ($) $ in Thousands	Dec. 31, 2017	Dec. 31, 2016
Assets
Impaired Loans	$ 0	$ 0
Repossessed Assets	0	0
Total	0	0
Nonrecurring Basis | Fair Value
Assets
Impaired Loans	334	480
Repossessed Assets	84	93
Total	418	573
Nonrecurring Basis | Fair Value | Quoted Prices in Active Markets for Identical Assets (Level 1)
Assets
Impaired Loans	0	0
Repossessed Assets	0	0
Total	0	0
Nonrecurring Basis | Fair Value | Significant Other Observable Inputs (Level 2)
Assets
Impaired Loans	334	480
Repossessed Assets	84	93
Total	418	573
Nonrecurring Basis | Fair Value | Significant Unobservable Inputs (Level 3)
Assets
Impaired Loans	0	0
Repossessed Assets	0	0
Total	$ 0	$ 0

Fair Value of Financial State79

Fair Value of Financial Statements - Carrying amounts and estimated fair values of financial instruments (Details 2) - USD ($) $ in Thousands	Dec. 31, 2017	Dec. 31, 2016
Carrying Amount
Financial Assets:
Cash, Short-Term Investments and Federal Funds Sold	$ 7,624	$ 8,014
Securities-Available for Sale	5,523	7,175
Securities-Held to Maturity	651	832
Other Equity Securities	784	673
Cash Value of Life Insurance	2,051	2,001
Loans Held for Sale	0
Loans-Net	88,035	74,659
Financial Assets	104,668	93,354
Financial Liabilities:
Deposits	70,602	74,251
Borrowed Funds	14,064	13,274
Financial Liabilities	84,666	87,525
Fair Value
Financial Assets:
Cash, Short-Term Investments and Federal Funds Sold	7,624	8,014
Securities-Available for Sale	5,523	7,175
Securities-Held to Maturity	641	824
Other Equity Securities	784	673
Cash Value of Life Insurance	2,051	2,001
Loans Held for Sale	0
Loans-Net	88,011	74,866
Financial Assets	104,634	93,553
Financial Liabilities:
Deposits	70,562	75,732
Borrowed Funds	13,944	13,209
Financial Liabilities	84,506	88,941
Quoted Prices in Active Markets for Identical Assets (Level 1) | Fair Value
Financial Assets:
Cash, Short-Term Investments and Federal Funds Sold	7,624	8,014
Securities-Available for Sale	0	0
Securities-Held to Maturity	0	0
Other Equity Securities	0	0
Cash Value of Life Insurance	0	0
Loans Held for Sale	0
Loans-Net	0	0
Financial Assets	7,624	8,014
Financial Liabilities:
Deposits	0	0
Borrowed Funds	0	0
Financial Liabilities	0	0
Significant Other Observable Inputs (Level 2) | Fair Value
Financial Assets:
Cash, Short-Term Investments and Federal Funds Sold	0	0
Securities-Available for Sale	5,523	7,175
Securities-Held to Maturity	641	824
Other Equity Securities	0	0
Cash Value of Life Insurance	2,051	2,001
Loans Held for Sale	0
Loans-Net	0	0
Financial Assets	8,215	10,000
Financial Liabilities:
Deposits	0	0
Borrowed Funds	13,944	13,209
Financial Liabilities	13,944	13,209
Significant Unobservable Inputs (Level 3) | Fair Value
Financial Assets:
Cash, Short-Term Investments and Federal Funds Sold	0	0
Securities-Available for Sale	0	0
Securities-Held to Maturity	0	0
Other Equity Securities	784	673
Cash Value of Life Insurance	0	0
Loans Held for Sale	0
Loans-Net	88,011	74,866
Financial Assets	88,795	75,539
Financial Liabilities:
Deposits	70,562	75,732
Borrowed Funds	0	0
Financial Liabilities	$ 70,562	$ 75,732

Change in Corporate Structure (

Change in Corporate Structure (Detail Textuals) $ / shares in Units, $ in Millions	Jul. 12, 2017USD ($)$ / sharesshares
Change In Corporate Form [Line Items]
Stock issued price per share on mutual-to-stock conversion | $ / shares	$ 10
Numbers of shares issued upon bank's mutual to stock conversion | shares	1,653,125
ESOP
Change In Corporate Form [Line Items]
Conversion and issuance cost of capital stock | $	$ 1.1
Percentage of common stock subscribed in offering	8.00%

Condensed Financial Informati81

Condensed Financial Information (Parent Company Only) (Details) - USD ($) $ in Thousands	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Assets:
Cash	$ 4,038	$ 3,432	$ 3,741
Due from Subsidiary Bank	398	530
Total Assets	109,959	98,015
Liabilities and Shareholders' Equity
Liabilities	85,788	88,555
Total Shareholders' Equity	24,171	9,460	$ 9,326
Liabilities and Shareholders' Equity	109,959	$ 98,015
Parent Company
Assets:
Cash	6,401
Due from Subsidiary Bank	85
Investments in Bank Subsidiary	17,685
Total Assets	24,171
Liabilities and Shareholders' Equity
Liabilities	0
Total Shareholders' Equity	24,171
Liabilities and Shareholders' Equity	$ 24,171

Condensed Financial Informati82

Condensed Financial Information (Parent Company Only) (Details 1) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016
Income:
Other Income	$ 89	$ 90
Total Income	317	351
Expenses:	2,927	2,995
Net Income	549	$ 158
Parent Company
Income:
Equity in Net Income of Bank Subsidiary	295
Other Income	22
Total Income	317
Expenses:	0
Net Income	$ 317

Condensed Financial Informati83

Condensed Financial Information (Parent Company Only) (Details 2) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016
Cash Flows From Operating Activities:
Net Income	$ 549	$ 158
Net Cash Provided by Operating Activities	850	446
Cash Flows From Financing Activities:
Net Increase in cash	606	(309)
Cash and Cash Equivalents - Beginning of Year	3,432	3,741
Cash and Cash Equivalents - End of Year	4,038	3,432
Parent Company
Cash Flows From Operating Activities:
Net Income	317
Increase In Due to Bank Subsidiary	(85)
Equity in Net Income of Bank Subsidiary	(295)
Net Cash Provided by Operating Activities	(63)
Cash Flows From Investing Activities:
Investment in Bank Subsidiary	(7,660)
Cash Flows From Financing Activities:
Net Proceeds from Issuance of Common Stock	14,124
Net Increase in cash	6,401
Cash and Cash Equivalents - Beginning of Year	0
Cash and Cash Equivalents - End of Year	$ 6,401	$ 0