Heritage NOLA Bancorp (HRGG) 10-Q 14 May 18 2018 Q1 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	3 Months Ended
	Mar. 31, 2018	May 09, 2018
Document And Entity Information [Abstract]
Entity Registrant Name	Heritage NOLA Bancorp, Inc.
Entity Central Index Key	1,700,175
Trading Symbol	hrgg
Current Fiscal Year End Date	--12-31
Entity Filer Category	Smaller Reporting Company
Entity Common Stock, Shares Outstanding		1,653,125
Document Type	10-Q
Document Period End Date	Mar. 31, 2018
Amendment Flag	false
Document Fiscal Year Focus	2,018
Document Fiscal Period Focus	Q1

Consolidated Statements of Fina

Consolidated Statements of Financial Condition - USD ($) $ in Thousands	Mar. 31, 2018	Dec. 31, 2017
ASSETS
Cash and Due from Banks	$ 712	$ 398
Interest Earning Deposits in Banks	6,088	3,640
Total Cash and Cash Equivalents	6,800	4,038
Interest Earning Time Deposits in Banks	3,088	3,586
Securities Available for Sale, at Fair Value	5,180	5,523
Securities Held to Maturity	619	651
Mortgage Loans Held for Sale	121
Loans Receivable, Net of Unearned Income	89,324	88,791
Allowance for Loan Losses	(763)	(756)
Total Loans, Net	88,561	88,035
Premises and Equipment	4,085	4,109
Federal Home Loan Bank Stock	787	784
Bank Owned Life Insurance	2,063	2,051
Foreclosed Real Estate	84	84
Mortgage Servicing Rights	341	348
Accrued Interest Receivable	370	370
Prepaid Expenses and Other Assets	398	380
Total Assets	112,497	109,959
LIABILITIES AND EQUITY
Interest Bearing Deposits	70,396	67,728
Noninterest Bearing Deposits	3,026	2,874
Total Deposits	73,422	70,602
Borrowed Funds	13,461	14,064
Advances from Borrowers for Taxes and Insurance	417	264
Accrued Expenses and Other Liabilities	958	858
Total Liabilities	88,258	85,788
Commitments and Contingencies
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	17
Additional Paid-in Capital	15,440	15,440
Unallocated common stock held by:
Employee Stock Ownership Plan (ESOP)	(1,270)	(1,270)
Recognition and Retention Plan (RRP)	0	0
Retained Earnings	10,101	9,977
Accumulated Other Comprehensive Income	(49)	7
Total Shareholders' Equity	24,239	24,171
Total Liabilities and Shareholders' Equity	$ 112,497	$ 109,959

Consolidated Statements of Fin3

Consolidated Statements of Financial Condition (Parentheticals) - $ / shares	Mar. 31, 2018	Dec. 31, 2017
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

Consolidated Statements of Inco

Consolidated Statements of Income (Unaudited) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2018	Mar. 31, 2017
Interest Income
Loans, including Fees	$ 1,120	$ 992
Investment Securities	33	39
Other Interest Earning Assets	36	24
Total Interest Income	1,189	1,055
Interest Expense
Deposits	199	202
Borrowed Funds	57	51
Total Interest Expense	256	253
Net Interest Income	933	802
Provision for Loan Losses	5	10
Net Interest Income after Provision for Loan Losses	928	792
Noninterest Income
Gain on Sale of Loans Originated for Sale		18
Loan Servicing Income	33	42
Gain (Loss) on Sale of Foreclosed Real Estate		1
Other Income	24	22
Total Noninterest Income	57	83
Noninterest Expense
Salaries and Employee Benefits	457	420
Occupancy and Equipment	92	80
Data Processing	50	58
FDIC Insurance and Examination Fees	23	23
Director Compensation	19	19
Expense on Foreclosed Real Estate	(2)	1
Write-down of Foreclosed Real Estate	0	0
Advertising	18	21
Other	174	97
Total Noninterest Expense	831	719
Income Before Income Tax Expense	154	156
Income Tax Expense	30	49
Net Income	$ 124	$ 107
Earnings per share: Basic and Diluted (in dollars per share)	$ 0.08

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Income (Loss) (Unaudited) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2018	Mar. 31, 2017
Statement of Comprehensive Income [Abstract]
Net Income	$ 124	$ 107
Other Comprehensive Income (Loss):
Unrealized Holding Gains (Losses) on Securities Available for Sale	(71)	(4)
Income Tax Effect	15	2
Total Other Comprehensive Income (Loss)	(56)	(2)
Comprehensive Income	$ 68	$ 105

Consolidated Statements of Chan

Consolidated Statements of Changes in Shareholders' Equity (Unaudited) - USD ($) $ in Thousands	Common Stock	Additional Paid In Capital Capital	Unallocated ESOP Shares	Retained Earnings	Accumulated Other Comprehensive Income (Loss)	Total
Balance at Dec. 31, 2016				$ 9,429	$ 31	$ 9,460
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net Income				107		107
Other Comprehensive Income (Loss)					(2)	(2)
Balance at Mar. 31, 2017				9,536	29	9,565
Balance at Dec. 31, 2017	$ 17	$ 15,440	$ (1,270)	9,977	7	24,171
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net Income				124		124
Other Comprehensive Income (Loss)					(56)	(56)
Balance at Mar. 31, 2018	$ 17	$ 15,440	$ (1,270)	$ 10,101	$ (49)	$ 24,239

Consolidated Statements of Cash

Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2018	Mar. 31, 2017
Cash Flows from Operating Activities
Net Income	$ 124	$ 107
Adjustments toRreconcile Net Income (Loss) to Net Cash from Operating Activities
Provision for Loan Losses	5	10
Provision for Depreciation	44	43
Deferred Income Tax Expense (Benefit)	(7)	(8)
Change in Mortgage Servicing Rights	7	(5)
(Accretion) Amortization of Premiums and Discounts on Securities	8	10
(Accretion) Amortization of Deferred Loan Origination Fees	8	1
Gain on Sale of Loans Originated for Sale		(18)
Originations of Loans Held for Sale	(121)
Loss on disposal of Premise and Equipment	5
Stock dividends on FHLB Stock	(3)	(2)
Gain or Loss on Sale of Foreclosed Real Estate		(1)
(Increase) Decrease in Accrued Interest Receivable		(10)
(Increase) Decrease in Bank Owned Life Insurance	(12)	(12)
(Increase) Decrease in Prepaid Expenses and Other Assets	4	(203)
Increase (Decrease) in Accrued Expenses and Other Liabilities	100	73
Net Cash provided by Operating Activities	162	(15)
Cash Flows from Investing Activities
Purchases of Securities Available For Sale		0
Principal Collected on Securities Available for Sale	266	360
Principal Collected on Securities Held to Maturity	30	46
Purchase of Federal Home Loan Bank Stock		(259)
Net Change in Interest-earning Time Deposits at Banks	498	747
Net (Increase) Decrease in Loans	(539)	(7,113)
Proceeds from Sales of Loans		1,085
Purchases of Premises and Equipment	(25)
Proceeds from Sales of Foreclosed Real Estate		10
Net Cash provided by (used in) Investing Activities	230	(5,124)
Cash Flows from Financing Activities
Net Increase (Decrease) in Deposits	2,820	(588)
Advances from Borrowers for Taxes and Insurance	153	210
Borrowed Funds	3,250	7,450
Repayments of Borrowed Funds	(3,853)	(1,202)
Net Cash provided by Financing Activities	2,370	5,870
Net Change in Cash and Cash Equivalents	2,762	731
Cash and Cash Equivalents - Beginning of Period	4,038	3,432
Cash and Cash Equivalents - End of Period	6,800	4,163
Cash paid during the period for:
Interest Paid on Deposits	198	202
Interest Paid on Borrowed Funds	53	46
Income Taxes Paid	$ 30	$ 49

Basis of Presentation

Basis of Presentation	3 Months Ended
	Mar. 31, 2018
Accounting Policies [Abstract]
Basis of Presentation	Note A – Basis of Presentation The accompanying unaudited consolidated financial statements of Herita g In the opinion of management, all adjustments (consisting of normal recurring adjustments) necessary for a fair presentation of the financial statements have been included. The results of operations for the three month period ended March 31, 2018 are not necessarily indicative of the results which may be expected for the entire year. These statements should be read in conjunction with the Financial Statements and notes thereto for the year ended December 31, 2017 included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2017 as filed with the Securities and Exchange Commission (“SEC”). Reference is made to the accounting policies of the Company described in the Notes to the Financial Statements contained in the Annual Report. In preparing the financial statements, the Company is required to make estimates and assumptions that affect the amounts reported in the financial statements and accompanying notes. Actual results could differ from those estimates. The financial statements reflect all adjustments that are, in the opinion of management, necessary for a fair statement of the Company’s financial condition, results of operations, comprehensive income, changes in shareholders’ equity and cash flows for the interim periods presented. These adjustments are of a normal recurring nature and include appropriate estimated provisions.

Recent Accounting Pronouncement

Recent Accounting Pronouncements	3 Months Ended
	Mar. 31, 2018
New Accounting Pronouncements and Changes in Accounting Principles [Abstract]
Recent Accounting Pronouncements	Note B – 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 requirements applicable to other public 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 No. 2014-09, Revenue from Contracts with Customers. The provisions of the update requires an entity to recognize the amount of revenue to which it expects to be entitled for the transfer of promised goods or services to customers. The ASU will replace most existing revenue recognition guidance in U.S. GAAP when it becomes effective. In March, 2016 the FASB issued ASU 2016-08, Principal versus Agent Considerations (Reporting Revenue Gross versus Net), which clarifies the guidance in determining revenue recognition as principal versus agent. In April 2016, the FASB issued ASU 2016-10, Identifying Performance Obligations and Licensing, which provides guidance in accounting for immaterial performance obligations and shipping and handling. In May 2016, the FASB issued ASU 2016-12, Narrow-Scope Improvements and Practical Expedients which provides clarification on assessing the collectability criterion, presentation of sales taxes, measurement date for noncash consideration and completed contracts at transition. This ASU also provides a practical expedient for contract modifications. For an emerging growth company, the amendments in this update are effective for fiscal years beginning after December 15, 2018, and interim periods within fiscal years beginning after December 15, 2019. 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. and interim periods within fiscal years beginning after December 15, 2019. In February 2016, the FASB issued ASU 2016-02, Leases (Topic 842), Conforming Amendments Related to Leases for fiscal years beginning after December 15, 2019, and interim periods within fiscal years beginning after December 15, 2020. In June 2016, the FASB issued ASU 2016-13, Financial Instruments – Credit Losses (Topic 326), Measurement of Credit Losses on Financial Instruments for fiscal years beginning after December 15, 2020, and interim periods within fiscal years beginning after December 15, 2021. In August 2016, FASB issued ASU No. 2016-15, “Statement of Cash Flows (Topic 230): Classification of Certain Cash Receipts and Cash Payments”. The amendments in this ASU clarify the proper classification for certain cash receipts and cash payments, including clarification on debt prepayment or debt extinguishment costs, settlement of zero-coupon debt instruments, contingent consideration payments made after a business combination, proceeds from the settlement of insurance claims, and proceeds from the settlement of corporate-owned life insurance policies, including bank-owned life insurance policies, among others. For an emerging growth company, the amendments in this update are effective for fiscal years beginning after December 15, 2018, including interim periods within those fiscal years beginning after December 15, 2019. In February 2018, the FASB issued ASU No. 2018-02, Income Statement – Reporting Comprehensive Income (Topic 220)

Earnings Per Share

Earnings Per Share	3 Months Ended
	Mar. 31, 2018
Earnings Per Share [Abstract]
Earnings Per Share	Note C – Earnings Per Share We consummated our mutual to stock conversion and stock offering in July 2017. Accordingly, earnings per share is not applicable to the full year ended December 31, 2017. 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: Three Months Ended March 31, (in thousands, except per share data) 2018 Numerator: Net income available to common shareholders $ 124 Denominator: Average common shares outstanding (Total issued, less unallocated ESOP shares) 1,526 Dilutive stock options - 1,526 Basic (and Diluted) earnings per common share $ 0.08

Investment Securities

Investment Securities	3 Months Ended
	Mar. 31, 2018
Investments, Debt and Equity Securities [Abstract]
Investment Securities	Note D – Investment Securities The amortized costs and estimated fair values of investment securities classified as available for sale and held to maturity as of March 31, 2018 and December 31, 2017 is as follows: March 31, 2018 (in thousands) Gross Gross Amortized Unrealized Unrealized Fair Cost Gains (Losses) Value Available for Sale: Mortgage-Backed Securities $ 5,241 $ 43 $ (104 ) $ 5,180 Held to Maturity: Mortgage-Backed Securities $ 619 $ 1 $ (14 ) $ 606 December 31, 2017 (in thousands) Gross Gross Amortized Unrealized Unrealized Fair 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 There were no securities sold in 2018 or 2017. All mortgage-backed securities held on March 31, 2018 and December 31, 2017 were government-sponsored mortgage-backed securities. The amortized cost and fair value of investment securities at March 31, 2018 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. Amortized Fair (in thousands) Cost Value Available for Sale: After One Year Through Five Years $ 5 $ 5 After Five Years Through Ten Years 1,639 1,593 After Ten Years 3,597 3,582 $ 5,241 $ 5,180 Held to Maturity: After Five Years Through Ten Years $ 340 $ 332 After Ten Years 279 274 $ 619 $ 606 The following tables reflect 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 March 31, 2018 and December 31, 2017: March 31, 2018 (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 $ 2,185 $ 52 $ 1,705 $ 52 $ 3,890 $ 104 Held to Maturity: Mortgage-Backed Securities $ 332 $ 8 $ 167 $ 6 $ 499 $ 14 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 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. 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. No declines at March 31, 2018 and December 31, 2017, 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 Company does not intend to sell any such investments before recovery of their amortized cost bases, which may be at maturity.

Credit Quality and Allowance fo

Credit Quality and Allowance for Loan Losses	3 Months Ended
	Mar. 31, 2018
Accounts, Notes, Loans and Financing Receivable, Gross, Allowance, and Net [Abstract]
Credit Quality and Allowance for Loan Losses	Note E - Credit Quality and Allowance for Loan Losses A selection of the loan and allowance for loan losses policies are as follows: Loans Receivable 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. The performing one-to-four family residential, commercial real estate, and commercial loans are pledged, under a blanket lien, as collateral securing advances from the Federal Home Loan Bank of Dallas, (“FHLB”) at March 31, 2018 and December 31, 2017. 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 Company 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. Loans receivable at March 31, 2018 and December 31, 2017 are summarized as follows: (in thousands) March 31, 2018 December 31, 2017 Real Estate: Secured by one-to four family residential properties Owner-occupied $ 51,757 $ 50,863 Non-owner-occupied 11,944 12,405 Home Equity Lines of Credit 2,611 2,487 Commercial (Nonresidential) Properties 17,337 16,364 Land 2,415 2,605 Construction 1,400 1,703 Multi-family 1,648 1,665 Commercial 1,398 1,392 Consumer Loans 301 451 Total Loans 90,811 89,935 Less: Net Deferred Loan Fees (435 ) (443 ) Loans in Process (1,052 ) (701 ) Allowance for Loan Losses (763 ) (756 ) Net Loans $ 88,561 $ 88,035 The tables below provide a summary of activity in the allowance for loan losses by loan type as of and for the three months ended March 31, 2018 and the year ended December 31, 2017. 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 (in thousands) Real Estate Commercial Land One-to-Four Construction Multi-Family Consumer Commercial Total Allowance for Credit Losses: Beginning Balance $ 94 $ 56 $ 545 $ 8 $ 4 $ 1 $ 48 $ 756 Charge-offs (1 ) - - - - - - (1 ) Recoveries 3 - - - - - - 3 Provision (17 ) (4 ) 12 4 1 - 9 5 Ending Balance $ 79 $ 52 $ 557 $ 12 $ 5 $ 1 $ 57 $ 763 Ending Balance: Individually Evaluated for Impairment $ - $ - $ 20 $ - $ - $ - $ - $ 20 Ending Balance: Collectively Evaluated for Impairment $ 79 $ 52 $ 537 $ 12 $ 5 $ 1 $ 57 $ 743 Loans Receivable: Ending Balance $ 17,337 $ 2,415 $ 66,312 $ 1,400 $ 1,648 $ 301 $ 1,398 $ 90,811 Ending Balance: Individually Evaluated for Impairment $ - $ - $ 197 $ - $ - $ - $ - $ 197 Ending Balance: Collectively Evaluated for Impairment $ 17,337 $ 2,415 $ 66,115 $ 1,400 $ 1,648 $ 301 $ 1,398 $ 90,614 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 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 Credit quality indicators as of March 31, 2018 and December 31, 2017 Pass Special mention Substandard Doubtful Loss The following tables represent the Company's credit exposure by credit quality indicator as of March 31, 2018 and December 31, 2017: Credit Risk Profile by Internally Assigned Grade (in thousands) March 31, 2018 Real Estate Commercial Real Estate Land One-to-Four Family Construction Multi-Family Consumer Commercial Total Pass $ 16,926 $ 2,415 $ 66,284 $ 1,400 $ 1,648 $ 301 $ 1,398 $ 90,372 Special Mention - - - - - - - - Substandard 411 - 28 - - - - 439 Doubtful - - - - - - - - Loss - - - - - - - - $ 17,337 $ 2,415 $ 66,312 $ 1,400 $ 1,648 $ 301 $ 1,398 $ 90,811 December 31, 2017 Real Estate Commercial Real Estate Land One-to-Four Family 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 The following tables are an aging analysis of loans as of March 31, 2018 and December 31, 2017: Aged Analysis of Past Due Loans Receivable (in thousands) March 31, 2018 Accruing 30-89 90 Days Total Days and Over Total Nonaccrual Loans Past Due Past Due Past Due Current Status Receivable Real Estate: Commercial $ 230 $ - $ 230 $ 17,107 $ - $ 17,337 Land 84 - 84 2,331 - 2,415 Residential 1,357 20 1,377 64,738 197 66,312 Construction - - - 1,400 - 1,400 Multi-family - - - 1,648 - 1,648 Consumer 3 - 3 298 - 301 Commercial - - - 1,398 - 1,398 $ 1,674 $ 20 $ 1,694 $ 88,920 $ 197 $ 90,811 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 The following tables below present impaired loans disaggregated by class as of and for the three months ended March 31, 2018 and the year ended December 31, 2017: Impaired Loans (in thousands) As Of And For The Three Months Ended March 31, 2018 Unpaid Allowance Average Interest Recorded Principal Losses Recorded Income Loans with an allowance recorded: Real estate Commercial $ - $ - $ - $ - $ - Land - - - - - 1-4 family residential 197 215 20 220 - 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 $ 197 $ 215 $ 20 $ 220 $ - 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 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 $ - Troubled Debt Restructuring The Company'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 Company is not committed to lend additional funds to debtors whose loans have been modified. There were no new modifications made in 2018 or 2017. Prior loan modifications have been performing in compliance with their modified terms, with the exception of one residential loan with a $20,000 balance and a low loan-to-value ratio that was over 90 days past due as of March 31, 2018. At that date, a contract was pending, and the loan has since paid off.

Fair Value of Financial Stateme

Fair Value of Financial Statements	3 Months Ended
	Mar. 31, 2018
Fair Value Disclosures [Abstract]
Fair Value of Financial Statements	Note F - Fair Value of Financial Statements Fair Value Disclosures The Company 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 March 31, 2018 and December 31, 2017. The Company 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 March 31, 2018 Mortgage-Backed Securities $ 5,180 $ - $ 5,180 $ - December 31, 2017 Mortgage-Backed Securities $ 5,523 $ - $ 5,523 $ - 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 Company records repossessed assets as Level 2. Fair Value Measurement Using (In thousands) Fair Quoted Prices in Significant Significant March 31, 2018 Assets Impaired Loans $ 177 $ - $ 177 $ - Repossessed Assets 84 - 84 - Total $ 261 $ - $ 261 $ - December 31, 2017 Assets Impaired Loans $ 334 $ - $ 334 $ - Repossessed Assets 84 - 84 - Total $ 418 $ - $ 418 $ - Fair values of financial instruments In cases where quoted market prices of financial instruments are not available, fair values are based on estimates using present value or other valuation techniques. Those techniques are significantly affected by the assumptions used, including the discount rate and estimates of future cash flows. In that regard, the derived fair value estimates cannot be substantiated by comparison to independent markets and, in many cases, could not be realized in immediate settlement of the instruments. The fair values of certain financial instruments and all non-financial instruments are not required to be disclosed. Accordingly, the aggregate fair value amounts presented do not represent the underlying value of the Company. The following methods and assumptions were used by the Company in estimating 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 March 31, 2018 and December 31, 2017, are as follows: Fair Value Measurement Using (In thousands) Carrying Fair Value Quoted Prices in Significant Other Significant March 31, 2018 Financial Assets: Cash, Short-Term Investments and Federal Funds Sold $ 9,888 $ 9,888 $ 9,888 $ - $ - Securities-Available for Sale 5,180 5,180 - 5,180 - Securities-Held to Maturity 619 606 - 606 - Other Equity Securities 787 787 - - 787 Cash Value of Life Insurance 2,063 2,063 - 2,063 - Loans Held for Sale 121 121 - 121 - Loans-Net 88,561 88,401 - - 88,401 $ 107,219 $ 107,046 $ 9,888 $ 7,970 $ 89,188 Financial Liabilities: Deposits $ 73,422 $ 73,072 $ - $ - $ 73,072 Borrowed Funds 13,461 13,280 - 13,280 - $ 86,883 $ 86,352 $ - $ 13,280 $ 73,072 Fair Value Measurement Using (In thousands) Carrying Fair Value 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-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

Change in Corporate Form

Change in Corporate Form	3 Months Ended
	Mar. 31, 2018
Change In Corporate Form [Abstract]
Change in Corporate Form	NOTE G – Change in Corporate Form On July 12, 2017, Heritage Bank of St Tammany (“the Bank”) converted to a Federal stock savings bank and established a stock holding company, Heritage NOLA Bancorp, Inc., as parent of the Bank. The Bank converted to the stock form of ownership, followed by the issuance of all of the Bank’s outstanding stock to Heritage NOLA Bancorp, Inc. The Bank became the wholly owned subsidiary of the Company, and 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 account 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 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 by 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 Bank may not pay dividends if those dividends would reduce equity capital below the required liquidation account amount. 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.

Employee Stock Ownership Plan

Employee Stock Ownership Plan	3 Months Ended
	Mar. 31, 2018
Share-based Arrangements with Employees and Nonemployees [Abstract]
Employee Stock Ownership Plan	NOTE H – Employee Stock Ownership Plan As part of the Company’s stock conversion, shares were purchased by the ESOP with a loan from Heritage NOLA Bancorp, Inc. All employees of the Bank meeting certain tenure requirements are entitled to participate in the ESOP. Compensation expense related to the ESOP was $21,000 for the three month period ended March 31, 2018.

Subsequent Events

Subsequent Events	3 Months Ended
	Mar. 31, 2018
Subsequent Events [Abstract]
Subsequent Events	NOTE I – Subsequent Events On May 1, 2018, the Bank entered into a purchase agreement for a parcel of land in western St. Tammany Parish. Subject to customary due diligence, we expect to consummate the purchase in the third quarter. We plan to use this site for a future branch location with lease space.

Accounting Policies (Policies)

Accounting Policies (Policies)	3 Months Ended
	Mar. 31, 2018
Accounting Policies [Abstract]
Basis of Presentation	Basis of Presentation The accompanying unaudited consolidated financial statements of Herita g In the opinion of management, all adjustments (consisting of normal recurring adjustments) necessary for a fair presentation of the financial statements have been included. The results of operations for the three month period ended March 31, 2018 are not necessarily indicative of the results which may be expected for the entire year. These statements should be read in conjunction with the Financial Statements and notes thereto for the year ended December 31, 2017 included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2017 as filed with the Securities and Exchange Commission (“SEC”). Reference is made to the accounting policies of the Company described in the Notes to the Financial Statements contained in the Annual Report. In preparing the financial statements, the Company is required to make estimates and assumptions that affect the amounts reported in the financial statements and accompanying notes. Actual results could differ from those estimates. The financial statements reflect all adjustments that are, in the opinion of management, necessary for a fair statement of the Company’s financial condition, results of operations, comprehensive income, changes in shareholders’ equity and cash flows for the interim periods presented. These adjustments are of a normal recurring nature and include appropriate estimated provisions.
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 requirements applicable to other public 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 No. 2014-09, Revenue from Contracts with Customers. The provisions of the update requires an entity to recognize the amount of revenue to which it expects to be entitled for the transfer of promised goods or services to customers. The ASU will replace most existing revenue recognition guidance in U.S. GAAP when it becomes effective. In March, 2016 the FASB issued ASU 2016-08, Principal versus Agent Considerations (Reporting Revenue Gross versus Net), which clarifies the guidance in determining revenue recognition as principal versus agent. In April 2016, the FASB issued ASU 2016-10, Identifying Performance Obligations and Licensing, which provides guidance in accounting for immaterial performance obligations and shipping and handling. In May 2016, the FASB issued ASU 2016-12, Narrow-Scope Improvements and Practical Expedients which provides clarification on assessing the collectability criterion, presentation of sales taxes, measurement date for noncash consideration and completed contracts at transition. This ASU also provides a practical expedient for contract modifications. For an emerging growth company, the amendments in this update are effective for fiscal years beginning after December 15, 2018, and interim periods within fiscal years beginning after December 15, 2019. 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. and interim periods within fiscal years beginning after December 15, 2019. In February 2016, the FASB issued ASU 2016-02, Leases (Topic 842), Conforming Amendments Related to Leases for fiscal years beginning after December 15, 2019, and interim periods within fiscal years beginning after December 15, 2020. In June 2016, the FASB issued ASU 2016-13, Financial Instruments – Credit Losses (Topic 326), Measurement of Credit Losses on Financial Instruments for fiscal years beginning after December 15, 2020, and interim periods within fiscal years beginning after December 15, 2021. In August 2016, FASB issued ASU No. 2016-15, “Statement of Cash Flows (Topic 230): Classification of Certain Cash Receipts and Cash Payments”. The amendments in this ASU clarify the proper classification for certain cash receipts and cash payments, including clarification on debt prepayment or debt extinguishment costs, settlement of zero-coupon debt instruments, contingent consideration payments made after a business combination, proceeds from the settlement of insurance claims, and proceeds from the settlement of corporate-owned life insurance policies, including bank-owned life insurance policies, among others. For an emerging growth company, the amendments in this update are effective for fiscal years beginning after December 15, 2018, including interim periods within those fiscal years beginning after December 15, 2019. In February 2018, the FASB issued ASU No. 2018-02, Income Statement – Reporting Comprehensive Income (Topic 220)

Earnings Per Share (Tables)

Earnings Per Share (Tables)	3 Months Ended
	Mar. 31, 2018
Earnings Per Share [Abstract]
Schedule of earnings per common share	Three Months Ended March 31, (in thousands, except per share data) 2018 Numerator: Net income available to common shareholders $ 124 Denominator: Average common shares outstanding (Total issued, less unallocated ESOP shares) 1,526 Dilutive stock options - 1,526 Basic (and Diluted) earnings per common share $ 0.08

Investment Securities (Tables)

Investment Securities (Tables)	3 Months Ended
	Mar. 31, 2018
Investments, Debt and Equity Securities [Abstract]
Schedule of estimated fair values of investment securities available for sale and held to maturity	March 31, 2018 (in thousands) Gross Gross Amortized Unrealized Unrealized Fair Cost Gains (Losses) Value Available for Sale: Mortgage-Backed Securities $ 5,241 $ 43 $ (104 ) $ 5,180 Held to Maturity: Mortgage-Backed Securities $ 619 $ 1 $ (14 ) $ 606 December 31, 2017 (in thousands) Gross Gross Amortized Unrealized Unrealized Fair 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
Schedule of amortized cost and fair value of investment securities	Amortized Fair (in thousands) Cost Value Available for Sale: After One Year Through Five Years $ 5 $ 5 After Five Years Through Ten Years 1,639 1,593 After Ten Years 3,597 3,582 $ 5,241 $ 5,180 Held to Maturity: After Five Years Through Ten Years $ 340 $ 332 After Ten Years 279 274 $ 619 $ 606
Schedule of available for sale securities in unrealized loss position	March 31, 2018 (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 $ 2,185 $ 52 $ 1,705 $ 52 $ 3,890 $ 104 Held to Maturity: Mortgage-Backed Securities $ 332 $ 8 $ 167 $ 6 $ 499 $ 14 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

Credit Quality and Allowance 20

Credit Quality and Allowance for Loan Losses (Tables)	3 Months Ended
	Mar. 31, 2018
Accounts, Notes, Loans and Financing Receivable, Gross, Allowance, and Net [Abstract]
Schedule of loans receivable	(in thousands) March 31, 2018 December 31, 2017 Real Estate: Secured by one-to four family residential properties Owner-occupied $ 51,757 $ 50,863 Non-owner-occupied 11,944 12,405 Home Equity Lines of Credit 2,611 2,487 Commercial (Nonresidential) Properties 17,337 16,364 Land 2,415 2,605 Construction 1,400 1,703 Multi-family 1,648 1,665 Commercial 1,398 1,392 Consumer Loans 301 451 Total Loans 90,811 89,935 Less: Net Deferred Loan Fees (435 ) (443 ) Loans in Process (1,052 ) (701 ) Allowance for Loan Losses (763 ) (756 ) Net Loans $ 88,561 $ 88,035
Schedule of allowance for credit losses on financing receivables	Real Estate Commercial Land One-to-Four Construction Multi-Family Consumer Commercial Total Allowance for Credit Losses: Beginning Balance $ 94 $ 56 $ 545 $ 8 $ 4 $ 1 $ 48 $ 756 Charge-offs (1 ) - - - - - - (1 ) Recoveries 3 - - - - - - 3 Provision (17 ) (4 ) 12 4 1 - 9 5 Ending Balance $ 79 $ 52 $ 557 $ 12 $ 5 $ 1 $ 57 $ 763 Ending Balance: Individually Evaluated for Impairment $ - $ - $ 20 $ - $ - $ - $ - $ 20 Ending Balance: Collectively Evaluated for Impairment $ 79 $ 52 $ 537 $ 12 $ 5 $ 1 $ 57 $ 743 Loans Receivable: Ending Balance $ 17,337 $ 2,415 $ 66,312 $ 1,400 $ 1,648 $ 301 $ 1,398 $ 90,811 Ending Balance: Individually Evaluated for Impairment $ - $ - $ 197 $ - $ - $ - $ - $ 197 Ending Balance: Collectively Evaluated for Impairment $ 17,337 $ 2,415 $ 66,115 $ 1,400 $ 1,648 $ 301 $ 1,398 $ 90,614 Real Estate Commercial Land One-to-Four 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
Schedule of Company's credit exposure by credit quality indicator	March 31, 2018 Real Estate Commercial Real Estate Land One-to-Four Family Construction Multi-Family Consumer Commercial Total Pass $ 16,926 $ 2,415 $ 66,284 $ 1,400 $ 1,648 $ 301 $ 1,398 $ 90,372 Special Mention - - - - - - - - Substandard 411 - 28 - - - - 439 Doubtful - - - - - - - - Loss - - - - - - - - $ 17,337 $ 2,415 $ 66,312 $ 1,400 $ 1,648 $ 301 $ 1,398 $ 90,811 December 31, 2017 Real Estate Commercial Real Estate Land One-to-Four Family 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
Schedule of aging analysis of past due financing receivables	March 31, 2018 Accruing 30-89 90 Days Total Days and Over Total Nonaccrual Loans Past Due Past Due Past Due Current Status Receivable Real Estate: Commercial $ 230 $ - $ 230 $ 17,107 $ - $ 17,337 Land 84 - 84 2,331 - 2,415 Residential 1,357 20 1,377 64,738 197 66,312 Construction - - - 1,400 - 1,400 Multi-family - - - 1,648 - 1,648 Consumer 3 - 3 298 - 301 Commercial - - - 1,398 - 1,398 $ 1,674 $ 20 $ 1,694 $ 88,920 $ 197 $ 90,811 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
Schedule of impaired loans	Impaired Loans (in thousands) As Of And For The Three Months Ended March 31, 2018 Unpaid Allowance Average Interest Recorded Principal Losses Recorded Income Loans with an allowance recorded: Real estate Commercial $ - $ - $ - $ - $ - Land - - - - - 1-4 family residential 197 215 20 220 - 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 $ 197 $ 215 $ 20 $ 220 $ - 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 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 $ -

Fair Value of Financial State21

Fair Value of Financial Statements (Tables)	3 Months Ended
	Mar. 31, 2018
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 March 31, 2018 Mortgage-Backed Securities $ 5,180 $ - $ 5,180 $ - December 31, 2017 Mortgage-Backed Securities $ 5,523 $ - $ 5,523 $ -
Schedule of assets and liabilities measured at fair value on a nonrecurring Basis	Fair Value Measurement Using (In thousands) Fair Quoted Prices in Significant Significant March 31, 2018 Assets Impaired Loans $ 177 $ - $ 177 $ - Repossessed Assets 84 - 84 - Total $ 261 $ - $ 261 $ - December 31, 2017 Assets Impaired Loans $ 334 $ - $ 334 $ - Repossessed Assets 84 - 84 - Total $ 418 $ - $ 418 $ -
Schedule of carrying amounts and estimated fair values financial instruments	Fair Value Measurement Using (In thousands) Carrying Fair Value Quoted Prices in Significant Other Significant March 31, 2018 Financial Assets: Cash, Short-Term Investments and Federal Funds Sold $ 9,888 $ 9,888 $ 9,888 $ - $ - Securities-Available for Sale 5,180 5,180 - 5,180 - Securities-Held to Maturity 619 606 - 606 - Other Equity Securities 787 787 - - 787 Cash Value of Life Insurance 2,063 2,063 - 2,063 - Loans Held for Sale 121 121 - 121 - Loans-Net 88,561 88,401 - - 88,401 $ 107,219 $ 107,046 $ 9,888 $ 7,970 $ 89,188 Financial Liabilities: Deposits $ 73,422 $ 73,072 $ - $ - $ 73,072 Borrowed Funds 13,461 13,280 - 13,280 - $ 86,883 $ 86,352 $ - $ 13,280 $ 73,072 Fair Value Measurement Using (In thousands) Carrying Fair Value 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-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

Earnings Per Share (Details)

Earnings Per Share (Details) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended
	Mar. 31, 2018USD ($)$ / sharesshares
Numerator:
Net income available to common shareholders | $	$ 124
Denominator:
Average common shares outstanding (Total issued, less unallocated ESOP shares)	1,526
Dilutive stock options	0
Number of shares outstanding used in EPS calculation	1,526
Basic (and Diluted) earnings per common share | $ / shares	$ 0.08

Investment Securities - Amortiz

Investment Securities - Amortized costs and estimated fair values of investment securities (Details) - USD ($) $ in Thousands	Mar. 31, 2018	Dec. 31, 2017
Available for Sale:
Fair Value	$ 5,180	$ 5,523
Mortgage-Backed Securities
Available for Sale:
Amortized Cost	5,241	5,514
Gross Unrealized Gains	43	57
Gross Unrealized (Losses)	(104)	(48)
Fair Value	5,180	5,523
Held to Maturity:
Amortized Cost	619	651
Gross Unrealized Gains	1	0
Gross Unrealized (Losses)	(14)	(10)
Fair Value	$ 606	$ 641

Investment Securities - Investm

Investment Securities - Investment securities by contractual maturity (Details 1) - Mortgage-Backed Securities - USD ($) $ in Thousands	Mar. 31, 2018	Dec. 31, 2017
Available for Sale:
After One Year Through Five Years, Amortized Cost	$ 5
After Five Years Through Ten Years, Amortized Cost	1,639
After Ten Years, Amortized Cost	3,597
Amortized Cost	5,241
Held to Maturity:
After Five Through Ten Years, Amortized Cost	340
After Ten Years, Amortized Cost	279
Amortized Cost	619	$ 651
Available for Sale:
After One Year Through Five Years, Fair Value	5
After Five Years Through Ten Years, Fair Value	1,593
After Ten Years, Fair Value	3,582
Fair Value	5,180
Held to Maturity:
After Five Years Through Ten Years, Fair Value	332
After Ten Years, Fair Value	274
Fair Value	$ 606	$ 641

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	Mar. 31, 2018	Dec. 31, 2017
Available for Sale:
Less Than 12 Months, Fair Value	$ 2,185	$ 2,245
Less Than 12 Months, Unrealized Loss	52	20
12 Months or Longer, Fair Value	1,705	1,223
12 Months or Longer, Unrealized Loss	52	28
Total, Fair Value	3,890	3,468
Total , Unrealized Loss	104	48
Held to Maturity:
Less Than 12 Months, Fair Value	332	355
Less Than 12 Months, Unrealized Loss	8	3
12 Months or Longer, Fair Value	167	275
12 Months or Longer, Unrealized Loss	6	7
Total, Fair Value	499	630
Total, Unrealized Loss	$ 14	$ 10

Credit Quality and Allowance 26

Credit Quality and Allowance for Loan Losses - Loans receivable (Details) - USD ($) $ in Thousands	Mar. 31, 2018	Dec. 31, 2017
Loans and Leases Receivable Disclosure [Line Items]
Total Loans	$ 90,811	$ 89,935
Less: Net Deferred Loan Fees	(435)	(443)
Loans in Process	(1,052)	(701)
Allowance for Loan Losses	(763)	(756)
Total Loans, Net	88,561	88,035
Real Estate | Secured by One-to four family residential properties Owner-occupied
Loans and Leases Receivable Disclosure [Line Items]
Total Loans	51,757	50,863
Real Estate | Secured by One-to four family residential properties Non-owner-occupied
Loans and Leases Receivable Disclosure [Line Items]
Total Loans	11,944	12,405
Real Estate | Secured by One-to four family residential properties Home Equity Lines of Credit
Loans and Leases Receivable Disclosure [Line Items]
Total Loans	2,611	2,487
Real Estate | Commercial (Nonresidential) Properties
Loans and Leases Receivable Disclosure [Line Items]
Total Loans	17,337	16,364
Real Estate | Land
Loans and Leases Receivable Disclosure [Line Items]
Total Loans	2,415	2,605
Real Estate | Construction
Loans and Leases Receivable Disclosure [Line Items]
Total Loans	1,400	1,703
Real Estate | Multi-family
Loans and Leases Receivable Disclosure [Line Items]
Total Loans	1,648	1,665
Commercial Business
Loans and Leases Receivable Disclosure [Line Items]
Total Loans	1,398	1,392
Consumer Loans
Loans and Leases Receivable Disclosure [Line Items]
Total Loans	$ 301	$ 451

Credit Quality and Allowance 27

Credit Quality and Allowance for Loan Losses - Allocation and rollforward of the allowance for loan losses by loan type (Details 1) - USD ($) $ in Thousands	3 Months Ended		12 Months Ended
	Mar. 31, 2018	Mar. 31, 2017	Dec. 31, 2017
Allowance for Credit Losses:
Beginning Balance	$ 756	$ 692	$ 692
Charge-offs	(1)		(16)
Recoveries	3		0
Provision	5	10	80
Ending Balance	763		756
Ending Balance: Individually Evaluated for Impairment	20		38
Ending Balance: Collectively Evaluated for Impairment	743		718
Loans Receivable:
Ending Balance	90,811		89,935
Ending Balance: Individually Evaluated for Impairment	197		372
Ending Balance: Collectively Evaluated for Impairment	90,614		89,563
Real Estate | Commercial
Allowance for Credit Losses:
Beginning Balance	94	43	43
Charge-offs	(1)		(16)
Recoveries	3		0
Provision	(17)		67
Ending Balance	79		94
Ending Balance: Individually Evaluated for Impairment	0		13
Ending Balance: Collectively Evaluated for Impairment	79		81
Loans Receivable:
Ending Balance	17,337		16,364
Ending Balance: Individually Evaluated for Impairment	0		131
Ending Balance: Collectively Evaluated for Impairment	17,337		16,233
Real Estate | Land
Allowance for Credit Losses:
Beginning Balance	56	101	101
Charge-offs	0		0
Recoveries	0		0
Provision	(4)		(45)
Ending Balance	52		56
Ending Balance: Individually Evaluated for Impairment	0		2
Ending Balance: Collectively Evaluated for Impairment	52		54
Loans Receivable:
Ending Balance	2,415		2,605
Ending Balance: Individually Evaluated for Impairment	0		16
Ending Balance: Collectively Evaluated for Impairment	2,415		2,589
Real Estate | One-to-Four Family
Allowance for Credit Losses:
Beginning Balance	545	528	528
Charge-offs	0		0
Recoveries	0		0
Provision	12		17
Ending Balance	557		545
Ending Balance: Individually Evaluated for Impairment	20		23
Ending Balance: Collectively Evaluated for Impairment	537		522
Loans Receivable:
Ending Balance	66,312		65,755
Ending Balance: Individually Evaluated for Impairment	197		225
Ending Balance: Collectively Evaluated for Impairment	66,115		65,530
Real Estate | Construction
Allowance for Credit Losses:
Beginning Balance	8	8	8
Charge-offs	0		0
Recoveries	0		0
Provision	4		0
Ending Balance	12		8
Ending Balance: Individually Evaluated for Impairment	0		0
Ending Balance: Collectively Evaluated for Impairment	12		8
Loans Receivable:
Ending Balance	1,400		1,703
Ending Balance: Individually Evaluated for Impairment	0		0
Ending Balance: Collectively Evaluated for Impairment	1,400		1,703
Real Estate | Multi-family
Allowance for Credit Losses:
Beginning Balance	4	3	3
Charge-offs	0		0
Recoveries	0		0
Provision	1		1
Ending Balance	5		4
Ending Balance: Individually Evaluated for Impairment	0		0
Ending Balance: Collectively Evaluated for Impairment	5		4
Loans Receivable:
Ending Balance	1,648		1,665
Ending Balance: Individually Evaluated for Impairment	0		0
Ending Balance: Collectively Evaluated for Impairment	1,648		1,665
Consumer
Allowance for Credit Losses:
Beginning Balance	1	0	0
Charge-offs	0		0
Recoveries	0		0
Provision	0		1
Ending Balance	1		1
Ending Balance: Individually Evaluated for Impairment	0		0
Ending Balance: Collectively Evaluated for Impairment	1		1
Loans Receivable:
Ending Balance	301		451
Ending Balance: Individually Evaluated for Impairment	0		0
Ending Balance: Collectively Evaluated for Impairment	301		451
Commercial Business
Allowance for Credit Losses:
Beginning Balance	48	$ 9	9
Charge-offs	0		0
Recoveries	0		0
Provision	9		39
Ending Balance	57		48
Ending Balance: Individually Evaluated for Impairment	0		0
Ending Balance: Collectively Evaluated for Impairment	57		48
Loans Receivable:
Ending Balance	1,398		1,392
Ending Balance: Individually Evaluated for Impairment	0		0
Ending Balance: Collectively Evaluated for Impairment	$ 1,398		$ 1,392

Credit Quality and Allowance 28

Credit Quality and Allowance for Loan Losses - Credit quality indicators (Details 2) - USD ($) $ in Thousands	Mar. 31, 2018	Dec. 31, 2017
Loans and Leases Receivable Disclosure [Line Items]
Total Loans	$ 90,811	$ 89,935
Pass
Loans and Leases Receivable Disclosure [Line Items]
Total Loans	90,372	89,076
Special Mention
Loans and Leases Receivable Disclosure [Line Items]
Total Loans	0	0
Substandard
Loans and Leases Receivable Disclosure [Line Items]
Total Loans	439	859
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	17,337	16,364
Real Estate | Land
Loans and Leases Receivable Disclosure [Line Items]
Total Loans	2,415	2,605
Real Estate | One-to-Four Family
Loans and Leases Receivable Disclosure [Line Items]
Total Loans	66,312	65,755
Real Estate | Construction
Loans and Leases Receivable Disclosure [Line Items]
Total Loans	1,400	1,703
Real Estate | Multi-family
Loans and Leases Receivable Disclosure [Line Items]
Total Loans	1,648	1,665
Real Estate | Pass | Commercial
Loans and Leases Receivable Disclosure [Line Items]
Total Loans	16,926	16,065
Real Estate | Pass | Land
Loans and Leases Receivable Disclosure [Line Items]
Total Loans	2,415	2,541
Real Estate | Pass | One-to-Four Family
Loans and Leases Receivable Disclosure [Line Items]
Total Loans	66,284	65,259
Real Estate | Pass | Construction
Loans and Leases Receivable Disclosure [Line Items]
Total Loans	1,400	1,703
Real Estate | Pass | Multi-family
Loans and Leases Receivable Disclosure [Line Items]
Total Loans	1,648	1,665
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	411	299
Real Estate | Substandard | Land
Loans and Leases Receivable Disclosure [Line Items]
Total Loans	0	64
Real Estate | Substandard | One-to-Four Family
Loans and Leases Receivable Disclosure [Line Items]
Total Loans	28	496
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	301	451
Consumer | Pass
Loans and Leases Receivable Disclosure [Line Items]
Total Loans	301	451
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	1,398	1,392
Commercial Business | Pass
Loans and Leases Receivable Disclosure [Line Items]
Total Loans	1,398	1,392
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

Credit Quality and Allowance 29

Credit Quality and Allowance for Loan Losses - Aging analysis of loans (Details 3) - USD ($) $ in Thousands	Mar. 31, 2018	Dec. 31, 2017
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	$ 1,694	$ 2,122
Current	88,920	87,441
Nonaccrual Status	197	372
Total Loans Receivable	90,811	89,935
30-89 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	1,674	2,104
Greater Than 90 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	20	18
Real Estate | Commercial
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	230	237
Current	17,107	15,996
Nonaccrual Status	0	131
Total Loans Receivable	17,337	16,364
Real Estate | Commercial | 30-89 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	230	237
Real Estate | Commercial | Greater Than 90 Days 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	84	121
Current	2,331	2,468
Nonaccrual Status	0	16
Total Loans Receivable	2,415	2,605
Real Estate | Land | 30-89 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	84	103
Real Estate | Land | Greater Than 90 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	0	18
Real Estate | Residential
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	1,377	1,744
Current	64,738	63,786
Nonaccrual Status	197	225
Total Loans Receivable	66,312	65,755
Real Estate | Residential | 30-89 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	1,357	1,744
Real Estate | Residential | Greater Than 90 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	20	0
Real Estate | Construction
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	0	0
Current	1,400	1,703
Nonaccrual Status	0	0
Total Loans Receivable	1,400	1,703
Real Estate | Construction | 30-89 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	0	0
Real Estate | Construction | Greater Than 90 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	0	0
Real Estate | Multi-family
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	0	0
Current	1,648	1,665
Nonaccrual Status	0	0
Total Loans Receivable	1,648	1,665
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 | Greater Than 90 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	0	0
Consumer
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	3	20
Current	298	431
Nonaccrual Status	0	0
Total Loans Receivable	301	451
Consumer | 30-89 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	3	20
Consumer | Greater Than 90 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	0	0
Commercial
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	0	0
Current	1,398	1,392
Nonaccrual Status	0	0
Total Loans Receivable	1,398	1,392
Commercial | 30-89 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	0	0
Commercial | Greater Than 90 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	$ 0	$ 0

Credit Quality and Allowance 30

Credit Quality and Allowance for Loan Losses - Impaired loans disaggregated by class (Details 4) - USD ($) $ in Thousands	3 Months Ended	12 Months Ended
	Mar. 31, 2018	Dec. 31, 2017
Loans with an allowance recorded:
Related Allowance	$ 20	$ 38
Total Impaired Loans:
Recorded Investment	197	372
Unpaid Principal Balance	215	396
Related Allowance	20	38
Average Recorded Investment	220	377
Interest Income Recognized	0	0
Real Estate | Commercial
Loans with an allowance recorded:
Recorded Investment	0	131
Unpaid Principal Balance	0	147
Related Allowance	0	13
Average Recorded Investment	0	145
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	13
Real Estate | Land
Loans with an allowance recorded:
Recorded Investment	0	16
Unpaid Principal Balance	0	21
Related Allowance	0	2
Average Recorded Investment	0	14
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	2
Real Estate | 1-4 family residential
Loans with an allowance recorded:
Recorded Investment	197	225
Unpaid Principal Balance	215	228
Related Allowance	20	23
Average Recorded Investment	220	218
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	20	23
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

Credit Quality and Allowance 31

Credit Quality and Allowance for Loan Losses (Detail Textuals) $ in Thousands	3 Months Ended
	Mar. 31, 2018USD ($)Loan	Dec. 31, 2017USD ($)
Financing Receivable, Recorded Investment, Past Due [Line Items]
Loan, amount over 90 days past due	$ 1,694	$ 2,122
Greater Than 90 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Loan, amount over 90 days past due	20	18
Real Estate | Residential
Financing Receivable, Recorded Investment, Past Due [Line Items]
Loan, amount over 90 days past due	$ 1,377	1,744
Real Estate | Residential | Greater Than 90 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Number of loan over 90 days past due | Loan	1
Loan, amount over 90 days past due	$ 20	$ 0

Fair Value of Financial State32

Fair Value of Financial Statements - Balance of assets and liabilities measured on a recurring basis (Details) - USD ($) $ in Thousands	Mar. 31, 2018	Dec. 31, 2017
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value	$ 5,180	$ 5,523
Recurring basis | Fair Value | Mortgage-Backed Securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value	5,180	5,523
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	5,180	5,523
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 State33

Fair Value of Financial Statements - Fair value measurement on a non-recurring basis (Details 1) - Nonrecurring Basis - Fair Value - USD ($) $ in Thousands	Mar. 31, 2018	Dec. 31, 2017
Assets
Impaired Loans	$ 177	$ 334
Repossessed Assets	84	84
Total	261	418
Quoted Prices in Active Markets for Identical Assets (Level 1)
Assets
Impaired Loans	0	0
Repossessed Assets	0	0
Total	0	0
Significant Other Observable Inputs (Level 2)
Assets
Impaired Loans	177	334
Repossessed Assets	84	84
Total	261	418
Significant Unobservable Inputs (Level 3)
Assets
Impaired Loans	0	0
Repossessed Assets	0	0
Total	$ 0	$ 0

Fair Value of Financial State34

Fair Value of Financial Statements - Carrying amounts and estimated fair values of financial instruments (Details 2) - USD ($) $ in Thousands	Mar. 31, 2018	Dec. 31, 2017
Financial Assets:
Loans Held for Sale	$ 121
Carrying Amount
Financial Assets:
Cash, Short-Term Investments and Federal Funds Sold	9,888	$ 7,624
Securities-Available for Sale	5,180	5,523
Securities-Held to Maturity	619	651
Other Equity Securities	787	784
Cash Value of Life Insurance	2,063	2,051
Loans Held for Sale	121
Loans-Net	88,561	88,035
Financial Assets	107,219	104,668
Financial Liabilities:
Deposits	73,422	70,602
Borrowed Funds	13,461	14,064
Financial Liabilities	86,883	84,666
Fair Value
Financial Assets:
Cash, Short-Term Investments and Federal Funds Sold	9,888	7,624
Securities-Available for Sale	5,180	5,523
Securities-Held to Maturity	606	641
Other Equity Securities	787	784
Cash Value of Life Insurance	2,063	2,051
Loans Held for Sale	121
Loans-Net	88,401	88,011
Financial Assets	107,046	104,634
Financial Liabilities:
Deposits	73,072	70,562
Borrowed Funds	13,280	13,944
Financial Liabilities	86,352	84,506
Quoted Prices in Active Markets for Identical Assets (Level 1) | Fair Value
Financial Assets:
Cash, Short-Term Investments and Federal Funds Sold	9,888	7,624
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	0
Loans-Net	0
Financial Assets	9,888	7,624
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	5,180	5,523
Securities-Held to Maturity	606	641
Other Equity Securities	0	0
Cash Value of Life Insurance	2,063	2,051
Loans Held for Sale	121	0
Loans-Net	0
Financial Assets	7,970	8,215
Financial Liabilities:
Deposits	0	0
Borrowed Funds	13,280	13,944
Financial Liabilities	13,280	13,944
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	787	784
Cash Value of Life Insurance	0	0
Loans Held for Sale	0	88,011
Loans-Net	88,401
Financial Assets	89,188	88,795
Financial Liabilities:
Deposits	73,072	70,562
Borrowed Funds	0	0
Financial Liabilities	$ 73,072	$ 70,562

Change in Corporate Form (Detai

Change in Corporate Form (Detail Textuals) $ / shares in Units, $ in Millions	Jul. 12, 2017USD ($)$ / sharesshares
Change In Corporate Form [Line Items]
Stock issued price per share | $ / 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%

Employee Stock Ownership Plan (

Employee Stock Ownership Plan (Detail Textuals)	3 Months Ended
	Mar. 31, 2018USD ($)
Share-based Arrangements with Employees and Nonemployees [Abstract]
Compensation Expense	$ 21,000