Heritage NOLA Bancorp (HRGG) 10-Q 13 Aug 19 2019 Q2 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	6 Months Ended
	Jun. 30, 2019	Aug. 06, 2019
Document And Entity Information [Abstract]
Entity Registrant Name	Heritage NOLA Bancorp, Inc.
Entity Central Index Key	0001700175
Current Fiscal Year End Date	--12-31
Entity Filer Category	Non-accelerated Filer
Entity Common Stock, Shares Outstanding		1,618,165
Document Type	10-Q
Document Period End Date	Jun. 30, 2019
Amendment Flag	false
Document Fiscal Year Focus	2019
Document Fiscal Period Focus	Q2
Entity Small Business	true
Entity Emerging Growth Company	true
Entity Ex Transition Period	false

Consolidated Statements of Fina

Consolidated Statements of Financial Condition - USD ($) $ in Thousands	Jun. 30, 2019	Dec. 31, 2018
ASSETS
Cash and Due from Banks	$ 914	$ 529
Interest Earning Deposits in Banks	2,817	3,886
Total Cash and Cash Equivalents	3,731	4,415
Interest Earning Time Deposits in Banks	5,080	3,586
Securities Available for Sale, at Fair Value	3,769	4,221
Securities Held to Maturity	458	518
Mortgage Loans Held for Sale	681	580
Loans Receivable, Net of Unearned Income	100,088	97,721
Allowance for Loan Losses	(772)	(768)
Total Loans, Net	99,997	97,533
Premises and Equipment	5,179	5,137
Federal Home Loan Bank Stock	814	802
Bank Owned Life Insurance	2,128	2,102
Foreclosed Real Estate	0	0
Prepaid Expenses and Other Assets	1,184	1,107
Total Assets	122,340	119,421
LIABILITIES AND EQUITY
Interest Bearing Deposits	72,296	72,953
Noninterest Bearing Deposits	5,580	4,344
Total Deposits	77,876	77,297
Borrowed Funds	18,961	16,822
Advances from Borrowers for Taxes and Insurance	517	282
Accrued Expenses and Other Liabilities	1,113	903
Total Liabilities	98,467	95,304
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, 1,633,165 Shares Issued and Outstanding on June 30, 2019	16	17
Additional Paid-in Capital	14,558	14,953
Unallocated common stock held by:
Employee Stock Ownership Plan (ESOP)	(1,217)	(1,217)
Retained Earnings	10,494	10,395
Accumulated Other Comprehensive Income (Loss)	22	(31)
Total Shareholders' Equity	23,873	24,117
Total Liabilities and Shareholders' Equity	$ 122,340	$ 119,421

Consolidated Statements of Fi_2

Consolidated Statements of Financial Condition (Parentheticals) - $ / shares	Jun. 30, 2019	Dec. 31, 2018
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	1,633,165	1,633,165
Common stock, shares outstanding	1,633,165	1,633,165

Consolidated Statements of Inco

Consolidated Statements of Income (Unaudited) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018
Interest Income
Loans, including Fees	$ 1,292	$ 1,175	$ 2,525	$ 2,295
Investment Securities	30	32	60	65
Other Interest Earning Assets	65	42	130	78
Total Interest Income	1,387	1,249	2,715	2,438
Interest Expense
Deposits	285	228	565	427
Borrowed Funds	114	56	219	113
Total Interest Expense	399	284	784	540
Net Interest Income	988	965	1,931	1,898
Provision for Loan Losses				5
Net Interest Income after Provision for Loan Losses	988	965	1,931	1,893
Noninterest Income
Gain on Sale of Loans Originated for Sale	21	16	40	16
Loan Servicing Income	51	44	102	77
Other Income	32	28	61	52
Total Noninterest Income	104	88	203	145
Noninterest Expense
Salaries and Employee Benefits	603	499	1,180	956
Occupancy and Equipment	109	102	217	194
Data Processing	43	54	89	104
FDIC Insurance and Examination Fees	20	23	41	46
Director Compensation	17	17	36	36
Legal, Accounting and Professional Fees	81	66	146	116
Advertising	31	31	56	49
Telephone and Communications	17	16	34	29
Other	128	99	218	208
Total Noninterest Expense	1,049	907	2,017	1,738
Income Before Income Tax Expense	43	146	117	300
Income Tax Expense	1	28	18	58
Net Income	$ 42	$ 118	$ 99	$ 242
Earnings per share: Basic (in dollars per share)	$ 0.03	$ 0.08	$ 0.06	$ 0.16
Diluted (in dollars per share)	$ 0.03		$ 0.06

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Income (Loss) (Unaudited) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018
Statement of Comprehensive Income [Abstract]
Net Income	$ 42	$ 118	$ 99	$ 242
Other Comprehensive Income (Loss):
Unrealized Holding Gains (Losses) on Securities Available for Sale	42	(14)	67	(85)
Income Tax Effect	(9)	3	(14)	18
Total Other Comprehensive Income (Loss)	33	(11)	53	(67)
Comprehensive Income	$ 75	$ 107	$ 152	$ 175

Consolidated Statements of Chan

Consolidated Statements of Changes in Shareholders' Equity (Unaudited) - USD ($) $ in Thousands	Common Stock	Additional Paid In Capital	Unallocated ESOP Shares	Retained Earnings	Accumulated Other Comprehensive Income (Loss)	Total
Balance at Dec. 31, 2017	$ 17	$ 15,440	$ (1,270)	$ 9,977	$ 7	$ 24,171
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net Income				242		242
Other Comprehensive Income (Loss)					(67)	(67)
Balance at Jun. 30, 2018	17	15,440	(1,270)	10,219	(60)	24,346
Balance at Dec. 31, 2018	$ 17	14,953	(1,217)	10,395	(31)	24,117
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Compensation Expense related to restricted shares		77				77
Compensation Expense related to stock options		$ 52				$ 52
Stock Shares Repurchased	(1)	(524)				(525)
Net Income				99		$ 99
Other Comprehensive Income (Loss)					53	53
Balance at Jun. 30, 2019	$ 16	$ 14,558	$ (1,217)	$ 10,494	$ 22	$ 23,873

Consolidated Statements of Cash

Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018
Cash Flows from Operating Activities
Net Income	$ 99	$ 242
Adjustments to Reconcile Net Income (Loss) to Net Cash from Operating Activities
Provision for Loan Losses		5
Provision for Depreciation	111	92
Deferred Income Tax Expense (Benefit)	(37)	(9)
Change in Mortgage Servicing Rights	(24)	(3)
(Accretion) Amortization of Premiums and Discounts on Securities	12	17
(Accretion) Amortization of Deferred Loan Origination Fees	14	8
Gain on Sale of Loans Originated for Sale	(40)	(16)
Originations of Loans Held for Sale	(2,556)	(851)
Loss on disposal of Premise and Equipment		5
Stock dividends on FHLB Stock	(12)	(8)
Compensation expense related to stock benefit plans	129
Proceeds from Loans Held for Sale	2,495	867
Gain or Loss on Sale of Foreclosed Real Estate		(1)
(Increase) Decrease in Accrued Interest Receivable	(9)	3
(Increase) Decrease in Bank Owned Life Insurance	(26)	(25)
(Increase) Decrease in Prepaid Expenses and Other Assets	(21)	49
Increase (Decrease) in Accrued Expenses and Other Liabilities	210	139
Net Cash provided by (used in) Operating Activities	345	514
Cash Flows from Investing Activities
Principal Collected on Securities Available for Sale	510	609
Principal Collected on Securities Held to Maturity	57	62
Net Change in Interest-earning Time Deposits at Banks	(1,494)	249
Net (Increase) Decrease in Loans	(2,377)	(5,303)
Purchases of Premises and Equipment	(153)	(381)
Proceeds from Sales of Foreclosed Real Estate		85
Net Cash provided by (used in) Investing Activities	(3,457)	(4,679)
Cash Flows from Financing Activities
Net Increase (Decrease) in Deposits	579	5,453
Shares Repurchased	(525)
Advances from Borrowers for Taxes and Insurance	235	248
Borrowed Funds	7,500	6,450
Repayments of Borrowed Funds	(5,361)	(7,208)
Net Cash provided by (used in) Financing Activities	2,428	4,943
Net Change in Cash and Cash Equivalents	(684)	778
Cash and Cash Equivalents - Beginning of Period	4,415	4,038
Cash and Cash Equivalents - End of Period	3,731	4,816
Cash paid during the period for:
Interest Paid on Deposits	558	426
Interest Paid on Borrowed Funds	215	111
Income Taxes Paid	$ 18	$ 58

Basis of Presentation

Basis of Presentation	6 Months Ended
	Jun. 30, 2019
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 and six month periods ended June 30, 2019 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, 2018 included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2018 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. The consolidated financial statements include Heritage NOLA Bancorp, Inc. and its wholly-owned subsidiary, Heritage Bank of St. Tammany (the “Bank”), together referred to as the Company. Intercompany transactions and balances have been eliminated in consolidation. Certain reclassifications have been made to the 2018 financial information in order to conform to the 2019 financial statement presentation. Such reclassifications had no effect on previously reported net income. Subsequent Events On July 1, 2019, the Bank received $10.5 million in deposits from a municipal recreation district. This will significantly impact asset size, deposits, interest expense and interest income. These are primarily bond funds to be used for various projects and we expect a large portion of the deposits to be used within a year.

Recent Accounting Pronouncement

Recent Accounting Pronouncements	6 Months Ended
	Jun. 30, 2019
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 June 2018, FASB issued ASU No. 2018-07, “Compensation – Stock Compensation (Topic 718): Improvements to Nonemployee Share-based Payment beginning after December 15, 2020. In August 2018, FASB issued ASU 2018-13, “Fair Value Measurement (Topic 820): Disclosure Framework – Changes to the Disclosure Requirements for Fair Value Measurement .

Investment Securities

Investment Securities	6 Months Ended
	Jun. 30, 2019
Investments, Debt and Equity Securities [Abstract]
Investment Securities	Note C – Investment Securities The amortized costs and estimated fair values of investment securities classified as available for sale and held to maturity as of June 30, 2019 and December 31, 2018 is as follows: June 30, 2019 (in thousands) Gross Gross Amortized Unrealized Unrealized Fair Cost Gains (Losses) Value Available for Sale: Mortgage-Backed Securities $ 3,741 $ 46 $ (18 ) $ 3,769 Held to Maturity: Mortgage-Backed Securities $ 458 $ 1 $ (4 ) $ 455 December 31, 2018 (in thousands) Gross Gross Amortized Unrealized Unrealized Fair Cost Gains (Losses) Value Available for Sale: Mortgage-Backed Securities $ 4,260 $ 38 $ (77 ) $ 4,221 Held to Maturity: Mortgage-Backed Securities $ 518 $ 1 $ (12 ) $ 507 There were no securities sold in 2019 or 2018. All mortgage-backed securities held on June 30, 2019 and December 31, 2018 were government-sponsored mortgage-backed securities. The amortized cost and fair value of investment securities at June 30, 2019 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: Within One Year $ - $ - After One Year Through Five Years 145 145 After Five Years Through Ten Years 1,570 1,573 After Ten Years 2,026 2,051 $ 3,741 $ 3,769 Held to Maturity: After Five Years Through Ten Years $ 256 $ 255 After Ten Years 202 200 $ 458 $ 455 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 June 30, 2019 and December 31, 2018: June 30, 2019 (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 $ 45 $ 1 $ 1,345 $ 17 $ 1,390 $ 18 Held to Maturity: Mortgage-Backed Securities $ - $ - $ 376 $ 4 $ 376 $ 4 December 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 $ 549 $ 3 $ 2,526 $ 74 $ 3,075 $ 77 Held to Maturity: Mortgage-Backed Securities $ - $ - $ 418 $ 12 $ 418 $ 12 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 June 30, 2019 and December 31, 2018, 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.

Loans Receivable and Allowance

Loans Receivable and Allowance for Loan Losses	6 Months Ended
	Jun. 30, 2019
Accounts, Notes, Loans and Financing Receivable, Gross, Allowance, and Net [Abstract]
Loans Receivable and Allowance for Loan Losses	Note D – Loans Receivable 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 June 30, 2019 and December 31, 2018. Loans receivable at June 30, 2019 and December 31, 2018 are summarized as follows: (in thousands) June 30, 2019 December 31, 2018 Real Estate: Secured by one-to four family residential properties Owner-occupied $ 52,553 $ 52,956 Non-owner-occupied 14,575 13,485 Home Equity Lines of Credit 3,031 2,973 Commercial (Nonresidential) Properties 22,975 21,868 Land 2,092 2,211 Construction 3,137 2,947 Multi-family 1,482 1,524 Commercial 2,266 1,964 Consumer Loans 274 354 Total Loans 102,385 100,282 Less: Net Deferred Loan Fees (366 ) (380 ) Loans in Process (1,250 ) (1,601 ) Allowance for Loan Losses (772 ) (768 ) Net Loans $ 99,997 $ 97,533 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. The tables below provide a summary of activity in the allowance for loan losses by loan type as of and for the six months ended June 30, 2019 and the year ended December 31, 2018. 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 Period Ended June 30, 2019 (in thousands) Real Estate Commercial Land One-to-Four Family Construction Multi-Family Consumer Commercial Total Allowance for Credit Losses: Beginning Balance $ 113 $ 23 $ 519 $ 16 $ 5 $ 9 $ 83 $ 768 Charge-offs - - - - - (2 ) - (2 ) Recoveries 5 - - - - 1 - 6 Provision (10 ) (4 ) 7 - - 1 6 - Ending Balance $ 108 $ 19 $ 526 $ 16 $ 5 $ 9 $ 89 $ 772 Ending Balance: Individually Evaluated for Impairment $ - $ - $ 71 $ - $ - $ - $ - $ 71 Ending Balance: Collectively Evaluated for Impairment $ 108 $ 19 $ 455 $ 16 $ 5 $ 9 $ 89 $ 701 Loans Receivable: Ending Balance $ 22,975 $ 2,092 $ 70,159 $ 3,137 $ 1,482 $ 274 $ 2,266 $ 102,385 Ending Balance: Individually Evaluated for Impairment $ - $ - $ 697 $ - $ - $ - $ - $ 697 Ending Balance: Collectively Evaluated for Impairment $ 22,975 $ 2,092 $ 69,462 $ 3,137 $ 1,482 $ 274 $ 2,266 $ 101,688 Allowance for Credit Losses and Recorded Investment in Loans Receivable For the Year Ended December 31, 2018 (in thousands) Real Estate Commercial Land One-to-Four Family Construction Multi-Family Consumer Commercial Total Allowance for Credit Losses: Beginning Balance $ 94 $ 56 $ 545 $ 8 $ 4 $ 1 $ 48 $ 756 Charge-offs (1 ) - - - - (8 ) - (9 ) Recoveries 3 - 13 - - - - 16 Provision 17 (33 ) (39 ) 8 1 16 35 5 Ending Balance $ 113 $ 23 $ 519 $ 16 $ 5 $ 9 $ 83 $ 768 Ending Balance: Individually Evaluated for Impairment $ - $ - $ 10 $ - $ - $ - $ - $ 10 Ending Balance: Collectively Evaluated for Impairment $ 113 $ 23 $ 509 $ 16 $ 5 $ 9 $ 83 $ 758 Loans Receivable: Ending Balance $ 21,868 $ 2,211 $ 69,414 $ 2,947 $ 1,524 $ 354 $ 1,964 $ 100,282 Ending Balance: Individually Evaluated for Impairment $ - $ - $ 100 $ - $ - $ - $ - $ 100 Ending Balance: Collectively Evaluated for Impairment $ 21,868 $ 2,211 $ 69,314 $ 2,947 $ 1,524 $ 354 $ 1,964 $ 100,182 Credit quality indicators as of June 30, 2019 and December 31, 2018 Pass Special mention Substandard Doubtful Loss The following tables represent the Company's credit exposure by credit quality indicator as of June 30, 2019 and December 31, 2018: Credit Risk Profile by Internally Assigned Grade (in thousands) June 30, 2019 Real Estate Commercial Real Estate Land One-to-Four Family Construction Multi-Family Consumer Commercial Total Pass $ 22,975 $ 2,074 $ 68,815 $ 3,137 $ 1,482 $ 274 $ 2,266 $ 101,023 Special Mention - - 404 - - - - 404 Substandard - 18 940 - - - - 958 Doubtful - - - - - - - - Loss - - - - - - - - $ 22,975 $ 2,092 $ 70,159 $ 3,137 $ 1,482 $ 274 $ 2,266 $ 102,385 December 31, 2018 Real Estate Commercial Real Estate Land One-to-Four Family Construction Multi-Family Consumer Commercial Total Pass $ 21,868 $ 2,189 $ 68,774 $ 2,947 $ 1,524 $ 354 $ 1,964 $ 99,620 Special Mention - - - - - - - - Substandard - 22 640 - - - - 662 Doubtful - - - - - - - - Loss - - - - - - - - $ 21,868 $ 2,211 $ 69,414 $ 2,947 $ 1,524 $ 354 $ 1,964 $ 100,282 The following tables are an aging analysis of loans as of June 30, 2019 and December 31, 2018: Aged Analysis of Past Due Loans Receivable (in thousands) June 30, 2019 Accruing 30-89 90 Days Total Days and Over Total Nonaccrual Loans Past Due Past Due Past Due Current Status Receivable Real Estate: Commercial $ 219 $ - $ 219 $ 22,756 $ - $ 22,975 Land 55 - 55 2,037 - 2,092 Residential 1,697 121 1,818 67,644 697 70,159 Construction - - - 3,137 - 3,137 Multi-family - - - 1,482 - 1,482 Consumer 47 - 47 227 - 274 Commercial - - - 2,266 - 2,266 $ 2,018 $ 121 $ 2,139 $ 99,549 $ 697 $ 102,385 Aged Analysis of Past Due Loans Receivable (in thousands) December 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 $ 222 $ - $ 222 $ 21,646 $ - $ 21,868 Land 15 - 15 2,196 - 2,211 Residential 2,116 - 2,116 67,198 100 69,414 Construction - - - 2,947 - 2,947 Multi-family - - - 1,524 - 1,524 Consumer 66 - 66 288 - 354 Commercial - - - 1,964 - 1,964 $ 2,419 $ - $ 2,419 $ 97,763 $ 100 $ 100,282 The following tables below present impaired loans disaggregated by class as of and for the six months ended June 30, 2019 and the year ended December 31, 2018: Impaired Loans (in thousands) As Of And For The Three Months Ended June 30, 2019 Unpaid Allowance for Loan Average Interest Recorded Investment Principal Balance Losses Allocated Recorded Investment Income Recognized Loans with an allowance recorded: Real estate Commercial $ - $ - $ - $ - $ - Land - - - - - 1-4 family residential 697 697 71 706 - 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 $ 697 $ 697 $ 71 $ 706 $ - Impaired Loans (in thousands) As Of And For The Year Ended December 31, 2018 Unpaid Allowance for Loan Average Interest Recorded Investment Principal Balance Losses Allocated Recorded Investment Income Recognized Loans with an allowance recorded: Real estate Commercial $ - $ - $ - $ - $ - Land - - - - - 1-4 family residential 100 100 10 99 - 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 $ 100 $ 100 $ 10 $ 99 $ - 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. Troubled Debt Restructuring (in thousands) Pre- Post- Number of Loans Modification Outstanding Recorded Investment Modification Outstanding Recorded Investment Modifications as of June 30, 2019: Residential - modified amortization 2 $ 697 $ 697 Modifications as of December 31, 2018: Residential - modified amortization 0 $ - $ - Prior loan modifications have been performing in compliance with their modified terms.

Fair Value of Financial Stateme

Fair Value of Financial Statements	6 Months Ended
	Jun. 30, 2019
Fair Value Disclosures [Abstract]
Fair Value of Financial Statements	Note E - 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 June 30, 2019 and December 31, 2018. 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 Identical Assets Significant Other Significant June 30, 2019 Mortgage-Backed Securities $ 3,769 $ - $ 3,769 $ - December 31, 2018 Mortgage-Backed Securities $ 4,221 $ - $ 4,221 $ - 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 Other Observable Significant June 30, 2019 Assets Impaired Loans $ 626 $ - $ 626 $ - Repossessed Assets - - - - Total $ 626 $ - $ 626 $ - December 31, 2018 Assets Impaired Loans $ 90 $ - $ 90 $ - Repossessed Assets - - - - Total $ 90 $ - $ 90 $ - 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 June 30, 2019 and December 31, 2018, are as follows: Fair Value Measurement Using (In thousands) Carrying Fair Quoted Prices in Significant Other Significant June 30, 2019 Financial Assets: Cash, Short-Term Investments and Federal Funds Sold $ 8,811 $ 8,811 $ 8,811 $ - $ - Securities-Available for Sale 3,769 3,769 - 3,769 - Securities-Held to Maturity 458 455 - 455 - Other Equity Securities 814 814 - - 814 Cash Value of Life Insurance 2,128 2,128 - 2,128 - Loans Held for Sale 681 681 - 681 - Loans Held -Net 99,316 99,785 - - 99,785 $ 115,977 $ 116,443 $ 8,811 $ 7,033 $ 100,599 Financial Liabilities: Deposits $ 77,876 $ 77,928 $ - $ - $ 77,928 Borrowed Funds 18,961 19,008 - 19,008 - $ 96,837 $ 96,936 $ - $ 19,008 $ 77,928 Fair Value Measurement Using (In thousands) Carrying Fair Quoted Prices in Significant Other Significant December 31, 2018 Financial Assets: Cash, Short-Term Investments and Federal Funds Sold $ 8,001 $ 8,001 $ 8,001 $ - $ - Securities-Available for Sale 4,221 4,221 - 4,221 - Securities-Held to Maturity 518 507 - 507 - Other Equity Securities 802 802 - - 802 Cash Value of Life Insurance 2,102 2,102 - 2,102 - Loans Held for Sale 580 580 - 580 - Loans-Net 97,533 98,841 - - 98,841 $ 113,757 $ 115,054 $ 8,001 $ 7,410 $ 99,643 Financial Liabilities: Deposits $ 77,297 $ 76,754 $ - $ - $ 76,754 Borrowed Funds 16,822 16,677 - 16,677 - $ 94,119 $ 93,431 $ - $ 16,677 $ 76,754

Change in Corporate Form

Change in Corporate Form	6 Months Ended
	Jun. 30, 2019
Change In Corporate Form [Abstract]
Change in Corporate Form	NOTE F – Change in Corporate Form On July 12, 2017, Heritage Bank of St Tammany (“the Bank”) converted to the stock form of ownership, and issued all of its 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 stock offering 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.

Earnings Per Share

Earnings Per Share	6 Months Ended
	Jun. 30, 2019
Earnings Per Share [Abstract]
Earnings Per Share	NOTE G – Earnings Per Share 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. Earnings per common share were computed as follows: Three Months Ended Six Months Ended (in thousands, except per share data) 2019 2019 Numerator: Net income available to common shareholders $ 42 99 Denominator: Weighted average common shares outstanding 1,643,650 1,652,991 Less: Average unallocated ESOP shares 121,670 121,670 Weighted average shares 1,521,980 1,531,321 Effect of dilutive securities: Restrictive Stock 9,958 8,624 Stock Options - - Weighted average common shares outstanding - assuming dilution 1,531,938 1,539,945 Basic earnings per common share $ 0.03 $ 0.06 Diluted earnings per common share $ 0.03 $ 0.06

Employee Stock Ownership Plan

Employee Stock Ownership Plan	6 Months Ended
	Jun. 30, 2019
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 requirements are entitled to participate in the ESOP. Compensation expense related to the ESOP for the three and six month periods ended June 30, 2019 was $22,000 and $43,000, respectively.

Equity Incentive Plan

Equity Incentive Plan	6 Months Ended
	Jun. 30, 2019
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Equity Incentive Plan	NOTE I – Equity Incentive Plan In August 2018, the Company 's stockholders authorized the adoption of the 2018 Heritage NOLA Bancorp, Inc. Equity Incentive Plan (the “Plan”). No more than 231,437 shares of the Company's common stock may be issued under the Plan, of which a maximum of 165,312 may be issued pursuant to the exercise of stock options and 66,125 may be issued pursuant to restricted stock awards, restricted stock units and unrestricted share awards. Stock options awarded to employees may be incentive stock options or non-qualified stock options. The shares that may be issued may be authorized but unissued shares or treasury shares. The Plan permits the grant of incentive awards in the form of options, stock appreciation rights, restricted share and share unit awards, and performance share awards. The Plan contains limits on certain types of awards to individual participants. Awards may vest or become exercisable only upon the achievement of performance measures or based solely on the passage of time af ter award. Stock options and restricted stock awards provide for accelerated vesting upon death, disability or if there is an involuntary termination of service following a change in control (as defined in the Plan). On August 16, 2018, the Company made grants of restricted shares and stock options for 16,530 and 41,325 shares, respectively, to non-employee members of the Board of Directors. The awards vest over a five-year period and the stock options have a ten-year period to expiration. Each option has an exercise price of $12.48, as determined on the grant date. On September 18, 2018, the Company made grants of restricted shares and stock options for 49,581 and 104,500 shares, respectively, to certain members of management and staff. The awards vest over either a five- or seven-year period and the stock options have a ten-year period to expiration. Each option has an exercise price of $12.45, as determined on the grant date. Stock Options The table below represents the stock option activity for the period shown: Weighted Average Options Exercise Price Options outstanding at January 1, 2019 145,825 $ 12.46 Granted 0 - Exercised 0 - Forfeited 0 - Expired 0 - Options outstanding at June 30, 2019 145,825 $ 12.46 As of June 30, 2019, the Company had $461,000 of unrecognized compensation expense related to stock options, having recognized $51,000 of compensation expense for the six month period ended June 30, 2019. The cost of stock options will be amortized in monthly installments over the five-year and seven-year vesting periods. The aggregate grant date fair value of the stock options granted in 2018 was $544,000. The options outstanding at June 30, 2019, were granted on August 16, 2018 and September 18, 2018. Accordingly, there are no options currently exercisable. The fair value of the Company's stock options granted in 2018 were $3.69 and $3.75 for the options granted on August 16, 2018 and September 18, 2018, respectively, and they were determined using the Black-Scholes option pricing formula. The following assumptions were used in the formula: Stock Options Stock Options Granted Granted August 16, 2018 September 18, 2018 Expected volatility 12.44 % 11.94 % Risk-free interest rate 2.87 % 3.05 % Expected dividend yield 0 % 0 % Expected life (in years) 10 10 Exercise price for the stock options $ 12.48 $ 12.45 Expected volatility Risk-free interest rate Dividend yield Expected life Exercise price for the stock options Restricted Shares Restricted shares are accounted for as fixed grants using the fair value of the Company's stock at the time of the grant. Unvested restricted shares may not be disposed of or transferred during the vesting period. The table below presents the restricted stock award activity for the period shown: Weighted Average Restricted Fair Value at Stock Awards Grant Date Non-vested at January 1, 2019 66,111 $ 12.46 Granted 0 - Vested 0 - Forfeited 0 - Non-vested at June 30, 2019 66,111 $ 12.46 As of June 30, 2019, the Company had $698,000 of unrecognized compensation expense related to restricted shares, having recognized $77,000 of compensation expense for the six month period ending June 30, 2019. The cost of the restricted shares will be amortized in monthly installments over the five and seven-year vesting periods.

Accounting Policies (Policies)

Accounting Policies (Policies)	6 Months Ended
	Jun. 30, 2019
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 and six month periods ended June 30, 2019 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, 2018 included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2018 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. The consolidated financial statements include Heritage NOLA Bancorp, Inc. and its wholly-owned subsidiary, Heritage Bank of St. Tammany (the “Bank”), together referred to as the Company. Intercompany transactions and balances have been eliminated in consolidation. Certain reclassifications have been made to the 2018 financial information in order to conform to the 2019 financial statement presentation. Such reclassifications had no effect on previously reported net income. Subsequent Events On July 1, 2019, the Bank received $10.5 million in deposits from a municipal recreation district. This will significantly impact asset size, deposits, interest expense and interest income. These are primarily bond funds to be used for various projects and we expect a large portion of the deposits to be used within a year.
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 June 2018, FASB issued ASU No. 2018-07, “Compensation – Stock Compensation (Topic 718): Improvements to Nonemployee Share-based Payment beginning after December 15, 2020. In August 2018, FASB issued ASU 2018-13, “Fair Value Measurement (Topic 820): Disclosure Framework – Changes to the Disclosure Requirements for Fair Value Measurement .

Investment Securities (Tables)

Investment Securities (Tables)	6 Months Ended
	Jun. 30, 2019
Investments, Debt and Equity Securities [Abstract]
Schedule of estimated fair values of investment securities available for sale and held to maturity	June 30, 2019 (in thousands) Gross Gross Amortized Unrealized Unrealized Fair Cost Gains (Losses) Value Available for Sale: Mortgage-Backed Securities $ 3,741 $ 46 $ (18 ) $ 3,769 Held to Maturity: Mortgage-Backed Securities $ 458 $ 1 $ (4 ) $ 455 December 31, 2018 (in thousands) Gross Gross Amortized Unrealized Unrealized Fair Cost Gains (Losses) Value Available for Sale: Mortgage-Backed Securities $ 4,260 $ 38 $ (77 ) $ 4,221 Held to Maturity: Mortgage-Backed Securities $ 518 $ 1 $ (12 ) $ 507
Schedule of amortized cost and fair value of investment securities	Amortized Fair (in thousands) Cost Value Available for Sale: Within One Year $ - $ - After One Year Through Five Years 145 145 After Five Years Through Ten Years 1,570 1,573 After Ten Years 2,026 2,051 $ 3,741 $ 3,769 Held to Maturity: After Five Years Through Ten Years $ 256 $ 255 After Ten Years 202 200 $ 458 $ 455
Schedule of available for sale securities in unrealized loss position	June 30, 2019 (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 $ 45 $ 1 $ 1,345 $ 17 $ 1,390 $ 18 Held to Maturity: Mortgage-Backed Securities $ - $ - $ 376 $ 4 $ 376 $ 4 December 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 $ 549 $ 3 $ 2,526 $ 74 $ 3,075 $ 77 Held to Maturity: Mortgage-Backed Securities $ - $ - $ 418 $ 12 $ 418 $ 12

Loans Receivable and Allowanc_2

Loans Receivable and Allowance for Loan Losses (Tables)	6 Months Ended
	Jun. 30, 2019
Accounts, Notes, Loans and Financing Receivable, Gross, Allowance, and Net [Abstract]
Schedule of loans receivable	(in thousands) June 30, 2019 December 31, 2018 Real Estate: Secured by one-to four family residential properties Owner-occupied $ 52,553 $ 52,956 Non-owner-occupied 14,575 13,485 Home Equity Lines of Credit 3,031 2,973 Commercial (Nonresidential) Properties 22,975 21,868 Land 2,092 2,211 Construction 3,137 2,947 Multi-family 1,482 1,524 Commercial 2,266 1,964 Consumer Loans 274 354 Total Loans 102,385 100,282 Less: Net Deferred Loan Fees (366 ) (380 ) Loans in Process (1,250 ) (1,601 ) Allowance for Loan Losses (772 ) (768 ) Net Loans $ 99,997 $ 97,533
Schedule of allowance for credit losses on financing receivables	(in thousands) Real Estate Commercial Land One-to-Four Family Construction Multi-Family Consumer Commercial Total Allowance for Credit Losses: Beginning Balance $ 113 $ 23 $ 519 $ 16 $ 5 $ 9 $ 83 $ 768 Charge-offs - - - - - (2 ) - (2 ) Recoveries 5 - - - - 1 - 6 Provision (10 ) (4 ) 7 - - 1 6 - Ending Balance $ 108 $ 19 $ 526 $ 16 $ 5 $ 9 $ 89 $ 772 Ending Balance: Individually Evaluated for Impairment $ - $ - $ 71 $ - $ - $ - $ - $ 71 Ending Balance: Collectively Evaluated for Impairment $ 108 $ 19 $ 455 $ 16 $ 5 $ 9 $ 89 $ 701 Loans Receivable: Ending Balance $ 22,975 $ 2,092 $ 70,159 $ 3,137 $ 1,482 $ 274 $ 2,266 $ 102,385 Ending Balance: Individually Evaluated for Impairment $ - $ - $ 697 $ - $ - $ - $ - $ 697 Ending Balance: Collectively Evaluated for Impairment $ 22,975 $ 2,092 $ 69,462 $ 3,137 $ 1,482 $ 274 $ 2,266 $ 101,688 (in thousands) Real Estate Commercial Land One-to-Four Family Construction Multi-Family Consumer Commercial Total Allowance for Credit Losses: Beginning Balance $ 94 $ 56 $ 545 $ 8 $ 4 $ 1 $ 48 $ 756 Charge-offs (1 ) - - - - (8 ) - (9 ) Recoveries 3 - 13 - - - - 16 Provision 17 (33 ) (39 ) 8 1 16 35 5 Ending Balance $ 113 $ 23 $ 519 $ 16 $ 5 $ 9 $ 83 $ 768 Ending Balance: Individually Evaluated for Impairment $ - $ - $ 10 $ - $ - $ - $ - $ 10 Ending Balance: Collectively Evaluated for Impairment $ 113 $ 23 $ 509 $ 16 $ 5 $ 9 $ 83 $ 758 Loans Receivable: Ending Balance $ 21,868 $ 2,211 $ 69,414 $ 2,947 $ 1,524 $ 354 $ 1,964 $ 100,282 Ending Balance: Individually Evaluated for Impairment $ - $ - $ 100 $ - $ - $ - $ - $ 100 Ending Balance: Collectively Evaluated for Impairment $ 21,868 $ 2,211 $ 69,314 $ 2,947 $ 1,524 $ 354 $ 1,964 $ 100,182
Schedule of Company's credit exposure by credit quality indicator	(in thousands) June 30, 2019 Real Estate Commercial Land One-to-Four Construction Multi-Family Consumer Commercial Total Pass $ 22,975 $ 2,074 $ 68,815 $ 3,137 $ 1,482 $ 274 $ 2,266 $ 101,023 Special Mention - - 404 - - - - 404 Substandard - 18 940 - - - - 958 Doubtful - - - - - - - - Loss - - - - - - - - $ 22,975 $ 2,092 $ 70,159 $ 3,137 $ 1,482 $ 274 $ 2,266 $ 102,385 December 31, 2018 Real Estate Commercial Land One-to-Four Construction Multi-Family Consumer Commercial Total Pass $ 21,868 $ 2,189 $ 68,774 $ 2,947 $ 1,524 $ 354 $ 1,964 $ 99,620 Special Mention - - - - - - - - Substandard - 22 640 - - - - 662 Doubtful - - - - - - - - Loss - - - - - - - - $ 21,868 $ 2,211 $ 69,414 $ 2,947 $ 1,524 $ 354 $ 1,964 $ 100,282
Schedule of aging analysis of past due financing receivables	(in thousands) June 30, 2019 Accruing 30-89 90 Days Total Days and Over Total Nonaccrual Loans Past Due Past Due Past Due Current Status Receivable Real Estate: Commercial $ 219 $ - $ 219 $ 22,756 $ - $ 22,975 Land 55 - 55 2,037 - 2,092 Residential 1,697 121 1,818 67,644 697 70,159 Construction - - - 3,137 - 3,137 Multi-family - - - 1,482 - 1,482 Consumer 47 - 47 227 - 274 Commercial - - - 2,266 - 2,266 $ 2,018 $ 121 $ 2,139 $ 99,549 $ 697 $ 102,385 (in thousands) December 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 $ 222 $ - $ 222 $ 21,646 $ - $ 21,868 Land 15 - 15 2,196 - 2,211 Residential 2,116 - 2,116 67,198 100 69,414 Construction - - - 2,947 - 2,947 Multi-family - - - 1,524 - 1,524 Consumer 66 - 66 288 - 354 Commercial - - - 1,964 - 1,964 $ 2,419 $ - $ 2,419 $ 97,763 $ 100 $ 100,282
Schedule of impaired loans	(in thousands) As Of And For The Three Months Ended June 30, 2019 Unpaid Allowance Average Interest Recorded Principal Losses Recorded Income Loans with an allowance recorded: Real estate Commercial $ - $ - $ - $ - $ - Land - - - - - 1-4 family residential 697 697 71 706 - 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 $ 697 $ 697 $ 71 $ 706 $ - (in thousands) As Of And For The Year Ended December 31, 2018 Unpaid Allowance Average Interest Recorded Principal Losses Recorded Income Loans with an allowance recorded: Real estate Commercial $ - $ - $ - $ - $ - Land - - - - - 1-4 family residential 100 100 10 99 - 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 $ 100 $ 100 $ 10 $ 99 $ -
Schedule of troubled debt restructuring	Pre- Post- Number of Loans Modification Outstanding Recorded Investment Modification Outstanding Recorded Investment Modifications as of June 30, 2019: Residential - modified amortization 2 $ 697 $ 697 Modifications as of December 31, 2018: Residential - modified amortization 0 $ - $ -

Fair Value of Financial State_2

Fair Value of Financial Statements (Tables)	6 Months Ended
	Jun. 30, 2019
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 Identical Assets Significant Other Significant June 30, 2019 Mortgage-Backed Securities $ 3,769 $ - $ 3,769 $ - December 31, 2018 Mortgage-Backed Securities $ 4,221 $ - $ 4,221 $ -
Schedule of assets and liabilities measured at fair value on a nonrecurring Basis	Fair Value Measurement Using (In thousands) Fair Quoted Prices in Significant Other Observable Significant June 30, 2019 Assets Impaired Loans $ 626 $ - $ 626 $ - Repossessed Assets - - - - Total $ 626 $ - $ 626 $ - December 31, 2018 Assets Impaired Loans $ 90 $ - $ 90 $ - Repossessed Assets - - - - Total $ 90 $ - $ 90 $ -
Schedule of carrying amounts and estimated fair values financial instruments	Fair Value Measurement Using (In thousands) Carrying Fair Quoted Prices in Significant Other Significant June 30, 2019 Financial Assets: Cash, Short-Term Investments and Federal Funds Sold $ 8,811 $ 8,811 $ 8,811 $ - $ - Securities-Available for Sale 3,769 3,769 - 3,769 - Securities-Held to Maturity 458 455 - 455 - Other Equity Securities 814 814 - - 814 Cash Value of Life Insurance 2,128 2,128 - 2,128 - Loans Held for Sale 681 681 - 681 - Loans Held -Net 99,316 99,785 - - 99,785 $ 115,977 $ 116,443 $ 8,811 $ 7,033 $ 100,599 Financial Liabilities: Deposits $ 77,876 $ 77,928 $ - $ - $ 77,928 Borrowed Funds 18,961 19,008 - 19,008 - $ 96,837 $ 96,936 $ - $ 19,008 $ 77,928 Fair Value Measurement Using (In thousands) Carrying Fair Quoted Prices in Significant Other Significant December 31, 2018 Financial Assets: Cash, Short-Term Investments and Federal Funds Sold $ 8,001 $ 8,001 $ 8,001 $ - $ - Securities-Available for Sale 4,221 4,221 - 4,221 - Securities-Held to Maturity 518 507 - 507 - Other Equity Securities 802 802 - - 802 Cash Value of Life Insurance 2,102 2,102 - 2,102 - Loans Held for Sale 580 580 - 580 - Loans-Net 97,533 98,841 - - 98,841 $ 113,757 $ 115,054 $ 8,001 $ 7,410 $ 99,643 Financial Liabilities: Deposits $ 77,297 $ 76,754 $ - $ - $ 76,754 Borrowed Funds 16,822 16,677 - 16,677 - $ 94,119 $ 93,431 $ - $ 16,677 $ 76,754

Earnings Per Share (Tables)

Earnings Per Share (Tables)	6 Months Ended
	Jun. 30, 2019
Earnings Per Share [Abstract]
Schedule of earnings per common share	Three Months Ended Six Months Ended (in thousands, except per share data) 2019 2019 Numerator: Net income available to common shareholders $ 42 99 Denominator: Weighted average common shares outstanding 1,643,650 1,652,991 Less: Average unallocated ESOP shares 121,670 121,670 Weighted average shares 1,521,980 1,531,321 Effect of dilutive securities: Restrictive Stock 9,958 8,624 Stock Options - - Weighted average common shares outstanding - assuming dilution 1,531,938 1,539,945 Basic earnings per common share $ 0.03 $ 0.06 Diluted earnings per common share $ 0.03 $ 0.06

Equity Incentive Plan (Tables)

Equity Incentive Plan (Tables)	6 Months Ended
	Jun. 30, 2019
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Schedule of activity in the stock options granted	Weighted Average Options Exercise Price Options outstanding at January 1, 2019 145,825 $ 12.46 Granted 0 - Exercised 0 - Forfeited 0 - Expired 0 - Options outstanding at June 30, 2019 145,825 $ 12.46
Schedule of share based awards fair value assumptions	Stock Options Stock Options Granted Granted August 16, 2018 September 18, 2018 Expected volatility 12.44 % 11.94 % Risk-free interest rate 2.87 % 3.05 % Expected dividend yield 0 % 0 % Expected life (in years) 10 10 Exercise price for the stock options $ 12.48 $ 12.45
Schedule of restricted share activity	Weighted Average Restricted Fair Value at Stock Awards Grant Date Non-vested at January 1, 2019 66,111 $ 12.46 Granted 0 - Vested 0 - Forfeited 0 - Non-vested at June 30, 2019 66,111 $ 12.46

Basis of Presentation (Detail T

Basis of Presentation (Detail Textuals) - USD ($) $ in Thousands	Jul. 01, 2019	Jun. 30, 2019	Dec. 31, 2018
Basis Of Presentation [Line Items]
Deposits from municipal recreation district		$ 77,876	$ 77,297
Subsequent Events
Basis Of Presentation [Line Items]
Deposits from municipal recreation district	$ 10,500

Investment Securities (Details)

Investment Securities (Details) - USD ($) $ in Thousands	Jun. 30, 2019	Dec. 31, 2018
Available for Sale:
Fair Value	$ 3,769	$ 4,221
Mortgage-Backed Securities
Available for Sale:
Amortized Cost	3,741	4,260
Gross Unrealized Gains	46	38
Gross Unrealized (Losses)	(18)	(77)
Fair Value	$ 3,769	$ 4,221

Investment Securities (Details

Investment Securities (Details 1) - USD ($) $ in Thousands	Jun. 30, 2019	Dec. 31, 2018
Held to Maturity:
Amortized Cost	$ 458	$ 518
Mortgage-Backed Securities
Held to Maturity:
Amortized Cost	458	518
Gross Unrealized Gains	1	1
Gross Unrealized (Losses)	(4)	(12)
Fair Value	$ 455	$ 507

Investment Securities (Detail_2

Investment Securities (Details 2) $ in Thousands	Jun. 30, 2019USD ($)
Available for Sale: Amortized Cost
Within One Year	$ 0
After One Year Through Five Years	145
After Five Years Through Ten Years	1,570
After Ten Years	2,026
Amortized Cost	3,741
Available for Sale: Fair Value
Within One Year	0
After One Year Through Five Years	145
After Five Years Through Ten Years	1,573
After Ten Years	2,051
Fair Value	$ 3,769

Investment Securities (Detail_3

Investment Securities (Details 3) $ in Thousands	Jun. 30, 2019USD ($)
Held to Maturity: Amortized Cost
After Five Years Through Ten Years	$ 256
After Ten Years	202
Amortized Cost	458
Held to Maturity: Fair Value
After Five Years Through Ten Years	255
After Ten Years	200
Fair Value	$ 455

Investment Securities (Detail_4

Investment Securities (Details 4) - Mortgage-Backed Securities - USD ($) $ in Thousands	Jun. 30, 2019	Dec. 31, 2018
Available-for-sale, Unrealized Loss Position, Fair Value:
Less Than 12 Months Fair Value	$ 45	$ 549
12 Months or Longer Fair Value	1,345	2,526
Total Fair Value	1,390	3,075
Available-for-sale, Unrealized Loss Position, Accumulated Loss:
Less Than 12 Months Unrealized Loss	1	3
12 Months or Longer Unrealized Loss	17	74
Total Unrealized Loss	$ 18	$ 77

Investment Securities (Detail_5

Investment Securities (Details 5) - Mortgage-Backed Securities - USD ($) $ in Thousands	Jun. 30, 2019	Dec. 31, 2018
Held-to-maturity, Continuous Unrealized Loss Position, Fair Value:
Less Than 12 Months, Fair Value	$ 0	$ 0
12 Months or Longer, Fair Value	376	418
Total, Fair Value	376	418
Held-to-maturity, Unrealized Loss Position, Accumulated Loss:
Less Than 12 Months, Unrealized Loss	0	0
12 Months or Longer, Unrealized Loss	4	12
Total, Unrealized Loss	$ 4	$ 12

Loans Receivable and Allowanc_3

Loans Receivable and Allowance for Loan Losses - Loans receivable (Details) - USD ($) $ in Thousands	Jun. 30, 2019	Dec. 31, 2018
Loans and Leases Receivable Disclosure [Line Items]
Total Loans	$ 102,385	$ 100,282
Less: Net Deferred Loan Fees	(366)	(380)
Loans in Process	(1,250)	(1,601)
Allowance for Loan Losses	(772)	(768)
Net Loans	99,997	97,533
Real Estate | Secured by One-to four family residential properties Owner-occupied
Loans and Leases Receivable Disclosure [Line Items]
Total Loans	52,553	52,956
Real Estate | Secured by One-to four family residential properties Non-owner-occupied
Loans and Leases Receivable Disclosure [Line Items]
Total Loans	14,575	13,485
Real Estate | Secured by One-to four family residential properties Home Equity Lines of Credit
Loans and Leases Receivable Disclosure [Line Items]
Total Loans	3,031	2,973
Real Estate | Commercial (Nonresidential) Properties
Loans and Leases Receivable Disclosure [Line Items]
Total Loans	22,975	21,868
Real Estate | Land
Loans and Leases Receivable Disclosure [Line Items]
Total Loans	2,092	2,211
Real Estate | Construction
Loans and Leases Receivable Disclosure [Line Items]
Total Loans	3,137	2,947
Real Estate | Multi-family
Loans and Leases Receivable Disclosure [Line Items]
Total Loans	1,482	1,524
Commercial
Loans and Leases Receivable Disclosure [Line Items]
Total Loans	2,266	1,964
Consumer Loans
Loans and Leases Receivable Disclosure [Line Items]
Total Loans	$ 274	$ 354

Loans Receivable and Allowanc_4

Loans Receivable and Allowance for Loan Losses - Allocation and rollforward of the allowance for loan losses by loan type (Details 1) - USD ($) $ in Thousands	6 Months Ended		12 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Dec. 31, 2018
Allowance for Credit Losses:
Beginning Balance	$ 768	$ 756	$ 756
Charge-offs	(2)		(9)
Recoveries	6		16
Provision		5	5
Ending Balance	772		768
Ending Balance: Individually Evaluated for Impairment	71		10
Ending Balance: Collectively Evaluated for Impairment	701		758
Loans Receivable:
Ending Balance	102,385		100,282
Ending Balance: Individually Evaluated for Impairment	697		100
Ending Balance: Collectively Evaluated for Impairment	101,688		100,182
Real Estate | Commercial
Allowance for Credit Losses:
Beginning Balance	113	94	94
Charge-offs	0		(1)
Recoveries	5		3
Provision	(10)		17
Ending Balance	108		113
Ending Balance: Individually Evaluated for Impairment	0		0
Ending Balance: Collectively Evaluated for Impairment	108		113
Loans Receivable:
Ending Balance	22,975		21,868
Ending Balance: Individually Evaluated for Impairment	0		0
Ending Balance: Collectively Evaluated for Impairment	22,975		21,868
Real Estate | Land
Allowance for Credit Losses:
Beginning Balance	23	56	56
Charge-offs	0		0
Recoveries	0		0
Provision	4		(33)
Ending Balance	19		23
Ending Balance: Individually Evaluated for Impairment	0		0
Ending Balance: Collectively Evaluated for Impairment	19		23
Loans Receivable:
Ending Balance	2,092		2,211
Ending Balance: Individually Evaluated for Impairment	0		0
Ending Balance: Collectively Evaluated for Impairment	2,092		2,211
Real Estate | One-to-Four Family
Allowance for Credit Losses:
Beginning Balance	519	545	545
Charge-offs	0		0
Recoveries	0		13
Provision	7		(39)
Ending Balance	526		519
Ending Balance: Individually Evaluated for Impairment	71		10
Ending Balance: Collectively Evaluated for Impairment	455		509
Loans Receivable:
Ending Balance	70,159		69,414
Ending Balance: Individually Evaluated for Impairment	697		100
Ending Balance: Collectively Evaluated for Impairment	69,462		69,314
Real Estate | Construction
Allowance for Credit Losses:
Beginning Balance	16	8	8
Charge-offs	0		0
Recoveries	0		0
Provision	0		8
Ending Balance	16		16
Ending Balance: Individually Evaluated for Impairment	0		0
Ending Balance: Collectively Evaluated for Impairment	16		16
Loans Receivable:
Ending Balance	3,137		2,947
Ending Balance: Individually Evaluated for Impairment	0		0
Ending Balance: Collectively Evaluated for Impairment	3,137		2,947
Real Estate | Multi-family
Allowance for Credit Losses:
Beginning Balance	5	4	4
Charge-offs	0		0
Recoveries	0		0
Provision	0		1
Ending Balance	5		5
Ending Balance: Individually Evaluated for Impairment	0		0
Ending Balance: Collectively Evaluated for Impairment	5		5
Loans Receivable:
Ending Balance	1,482		1,524
Ending Balance: Individually Evaluated for Impairment	0		0
Ending Balance: Collectively Evaluated for Impairment	1,482		1,524
Consumer
Allowance for Credit Losses:
Beginning Balance	9	1	1
Charge-offs	(2)		(8)
Recoveries	1		0
Provision	1		16
Ending Balance	9		9
Ending Balance: Individually Evaluated for Impairment	0		0
Ending Balance: Collectively Evaluated for Impairment	9		9
Loans Receivable:
Ending Balance	274		354
Ending Balance: Individually Evaluated for Impairment	0		0
Ending Balance: Collectively Evaluated for Impairment	274		354
Commercial
Allowance for Credit Losses:
Beginning Balance	83	$ 48	48
Charge-offs	0		0
Recoveries	0		0
Provision	6		35
Ending Balance	89		83
Ending Balance: Individually Evaluated for Impairment	0		0
Ending Balance: Collectively Evaluated for Impairment	89		83
Loans Receivable:
Ending Balance	2,266		1,964
Ending Balance: Individually Evaluated for Impairment	0		0
Ending Balance: Collectively Evaluated for Impairment	$ 2,266		$ 1,964

Loans Receivable and Allowanc_5

Loans Receivable and Allowance for Loan Losses - Credit quality indicators (Details 2) - USD ($) $ in Thousands	Jun. 30, 2019	Dec. 31, 2018
Loans and Leases Receivable Disclosure [Line Items]
Total Loans	$ 102,385	$ 100,282
Pass
Loans and Leases Receivable Disclosure [Line Items]
Total Loans	101,023	99,620
Special Mention
Loans and Leases Receivable Disclosure [Line Items]
Total Loans	404	0
Substandard
Loans and Leases Receivable Disclosure [Line Items]
Total Loans	958	662
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	22,975	21,868
Real Estate | Land
Loans and Leases Receivable Disclosure [Line Items]
Total Loans	2,092	2,211
Real Estate | One-to-Four Family
Loans and Leases Receivable Disclosure [Line Items]
Total Loans	70,159	69,414
Real Estate | Construction
Loans and Leases Receivable Disclosure [Line Items]
Total Loans	3,137	2,947
Real Estate | Multi-family
Loans and Leases Receivable Disclosure [Line Items]
Total Loans	1,482	1,524
Real Estate | Pass | Commercial
Loans and Leases Receivable Disclosure [Line Items]
Total Loans	22,975	21,868
Real Estate | Pass | Land
Loans and Leases Receivable Disclosure [Line Items]
Total Loans	2,074	2,189
Real Estate | Pass | One-to-Four Family
Loans and Leases Receivable Disclosure [Line Items]
Total Loans	68,815	68,774
Real Estate | Pass | Construction
Loans and Leases Receivable Disclosure [Line Items]
Total Loans	3,137	2,947
Real Estate | Pass | Multi-family
Loans and Leases Receivable Disclosure [Line Items]
Total Loans	1,482	1,524
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	404	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	0	0
Real Estate | Substandard | Land
Loans and Leases Receivable Disclosure [Line Items]
Total Loans	18	22
Real Estate | Substandard | One-to-Four Family
Loans and Leases Receivable Disclosure [Line Items]
Total Loans	940	640
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	274	354
Consumer | Pass
Loans and Leases Receivable Disclosure [Line Items]
Total Loans	274	354
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
Loans and Leases Receivable Disclosure [Line Items]
Total Loans	2,266	1,964
Commercial | Pass
Loans and Leases Receivable Disclosure [Line Items]
Total Loans	2,266	1,964
Commercial | Special Mention
Loans and Leases Receivable Disclosure [Line Items]
Total Loans	0	0
Commercial | Substandard
Loans and Leases Receivable Disclosure [Line Items]
Total Loans	0	0
Commercial | Doubtful
Loans and Leases Receivable Disclosure [Line Items]
Total Loans	0	0
Commercial | Loss
Loans and Leases Receivable Disclosure [Line Items]
Total Loans	$ 0	$ 0

Loans Receivable and Allowanc_6

Loans Receivable and Allowance for Loan Losses - Aging analysis of loans (Details 3) - USD ($) $ in Thousands	Jun. 30, 2019	Dec. 31, 2018
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	$ 2,139	$ 2,419
Current	99,549	97,763
Nonaccrual Status	697	100
Total Loans Receivable	102,385	100,282
30-89 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	2,018	2,419
90 Days and Over Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	121	0
Real Estate | Commercial
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	219	222
Current	22,756	21,646
Nonaccrual Status	0	0
Total Loans Receivable	22,975	21,868
Real Estate | Commercial | 30-89 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	219	222
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	55	15
Current	2,037	2,196
Nonaccrual Status	0	0
Total Loans Receivable	2,092	2,211
Real Estate | Land | 30-89 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	55	15
Real Estate | Land | 90 Days and Over Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	0	0
Real Estate | Residential
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	1,818	2,116
Current	67,644	67,198
Nonaccrual Status	697	100
Total Loans Receivable	70,159	69,414
Real Estate | Residential | 30-89 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	1,697	2,116
Real Estate | Residential | 90 Days and Over Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	121	0
Real Estate | Construction
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	0	0
Current	3,137	2,947
Nonaccrual Status	0	0
Total Loans Receivable	3,137	2,947
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	1,482	1,524
Nonaccrual Status	0	0
Total Loans Receivable	1,482	1,524
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	47	66
Current	227	288
Nonaccrual Status	0	0
Total Loans Receivable	274	354
Consumer | 30-89 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	47	66
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	2,266	1,964
Nonaccrual Status	0	0
Total Loans Receivable	2,266	1,964
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 and Allowanc_7

Loans Receivable and Allowance for Loan Losses - Impaired loans disaggregated by class (Details 4) - USD ($) $ in Thousands	6 Months Ended	12 Months Ended
	Jun. 30, 2019	Dec. 31, 2018
Loans with an allowance recorded:
Allowance for Loan Losses Allocated	$ 71	$ 10
Total Impaired Loans:
Recorded Investment	697	100
Unpaid Principal Balance	697	100
Allowance for Loan Losses Allocated	71	10
Average Recorded Investment	706	99
Interest Income Recognized	0	0
Real Estate | Commercial
Loans with an allowance recorded:
Recorded Investment	0	0
Unpaid Principal Balance	0	0
Allowance for Loan Losses Allocated	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:
Allowance for Loan Losses Allocated	0	0
Real Estate | Land
Loans with an allowance recorded:
Recorded Investment	0	0
Unpaid Principal Balance	0	0
Allowance for Loan Losses Allocated	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:
Allowance for Loan Losses Allocated	0	0
Real Estate | 1-4 family residential
Loans with an allowance recorded:
Recorded Investment	697	100
Unpaid Principal Balance	697	100
Allowance for Loan Losses Allocated	71	10
Average Recorded Investment	706	99
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:
Allowance for Loan Losses Allocated	71	10
Real Estate | Multi-family
Loans with an allowance recorded:
Recorded Investment	0	0
Unpaid Principal Balance	0	0
Allowance for Loan Losses Allocated	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:
Allowance for Loan Losses Allocated	0	0
Real Estate | Construction
Loans with an allowance recorded:
Recorded Investment	0	0
Unpaid Principal Balance	0	0
Allowance for Loan Losses Allocated	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:
Allowance for Loan Losses Allocated	0	0
Consumer and Commercial
Loans with an allowance recorded:
Recorded Investment	0	0
Unpaid Principal Balance	0	0
Allowance for Loan Losses Allocated	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:
Allowance for Loan Losses Allocated	$ 0	$ 0

Loans Receivable and Allowanc_8

Loans Receivable and Allowance for Loan Losses - Troubled Debt Restructuring (Details 5) $ in Thousands	6 Months Ended	12 Months Ended
	Jun. 30, 2019USD ($)Loan	Dec. 31, 2018USD ($)Loan
Financing Receivable, Recorded Investment, Past Due [Line Items]
Number of Loans | Loan	2	0
Pre- Modification Outstanding Recorded Investment	$ 697	$ 0
Post-Modification Outstanding Recorded Investment	$ 697	$ 0

Fair Value of Financial State_3

Fair Value of Financial Statements - Balance of assets and liabilities measured on a recurring basis (Details) - Recurring basis - Mortgage-Backed Securities - USD ($) $ in Thousands	Jun. 30, 2019	Dec. 31, 2018
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value	$ 3,769	$ 4,221
Quoted Prices in Active Markets for Identical Assets (Level 1)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value	0	0
Significant Other Observable Inputs (Level 2)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value	3,769	4,221
Significant Unobservable Inputs (Level 3)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value	$ 0	$ 0

Fair Value of Financial State_4

Fair Value of Financial Statements - Fair value measurement on a non-recurring basis (Details 1) - USD ($) $ in Thousands	Jun. 30, 2019	Dec. 31, 2018
Quoted Prices in Active Markets for Identical Assets (Level 1)
Assets
Total	$ 8,811	$ 8,001
Significant Other Observable Inputs (Level 2)
Assets
Total	7,033	7,410
Significant Unobservable Inputs (Level 3)
Assets
Total	100,599	99,643
Nonrecurring Basis
Assets
Impaired Loans	626	90
Repossessed Assets	0	0
Total	626	90
Nonrecurring Basis | Quoted Prices in Active Markets for Identical Assets (Level 1)
Assets
Impaired Loans	0	0
Repossessed Assets	0	0
Total	0	0
Nonrecurring Basis | Significant Other Observable Inputs (Level 2)
Assets
Impaired Loans	626	90
Repossessed Assets	0	0
Total	626	90
Nonrecurring Basis | Significant Unobservable Inputs (Level 3)
Assets
Impaired Loans	0	0
Repossessed Assets	0	0
Total	$ 0	$ 0

Fair Value of Financial State_5

Fair Value of Financial Statements - Carrying amounts and estimated fair values of financial instruments (Details 2) - USD ($) $ in Thousands	Jun. 30, 2019	Dec. 31, 2018
Carrying Amount
Financial Assets:
Cash, Short-Term Investments and Federal Funds Sold	$ 8,811	$ 8,001
Securities-Available for Sale	3,769	4,221
Securities-Held to Maturity	458	518
Other Equity Securities	814	802
Cash Value of Life Insurance	2,128	2,102
Loans Held for Sale	681	580
Loans Held -Net	99,316	97,533
Total	115,977	113,757
Financial Liabilities:
Deposits	77,876	77,297
Borrowed Funds	18,961	16,822
Financial Liabilities	96,837	94,119
Fair Value
Financial Assets:
Cash, Short-Term Investments and Federal Funds Sold	8,811	8,001
Securities-Available for Sale	3,769	4,221
Securities-Held to Maturity	455	507
Other Equity Securities	814	802
Cash Value of Life Insurance	2,128	2,102
Loans Held for Sale	681	580
Loans Held -Net	99,785	98,841
Total	116,443	115,054
Financial Liabilities:
Deposits	77,928	76,754
Borrowed Funds	19,008	16,677
Financial Liabilities	96,936	93,431
Quoted Prices in Active Markets for Identical Assets (Level 1)
Financial Assets:
Cash, Short-Term Investments and Federal Funds Sold	8,811	8,001
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 Held -Net	0	0
Total	8,811	8,001
Financial Liabilities:
Deposits	0	0
Borrowed Funds	0	0
Financial Liabilities	0	0
Significant Other Observable Inputs (Level 2)
Financial Assets:
Cash, Short-Term Investments and Federal Funds Sold	0	0
Securities-Available for Sale	3,769	4,221
Securities-Held to Maturity	455	507
Other Equity Securities	0	0
Cash Value of Life Insurance	2,128	2,102
Loans Held for Sale	681	580
Loans Held -Net	0	0
Total	7,033	7,410
Financial Liabilities:
Deposits	0	0
Borrowed Funds	19,008	16,677
Financial Liabilities	19,008	16,677
Significant Unobservable Inputs (Level 3)
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	814	802
Cash Value of Life Insurance	0	0
Loans Held for Sale	0	0
Loans Held -Net	99,785	98,841
Total	100,599	99,643
Financial Liabilities:
Deposits	77,928	76,754
Borrowed Funds	0	0
Financial Liabilities	$ 77,928	$ 76,754

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 for stock conversion | shares	1,653,125
ESOP
Change In Corporate Form [Line Items]
Percentage of common stock subscribed in offering	8.00%
Conversion and issuance cost of capital stock | $	$ 1.1

Earnings Per Share (Details)

Earnings Per Share (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018
Numerator:
Net income available to common shareholders	$ 42		$ 99
Denominator:
Weighted average common shares outstanding	1,643,650		1,652,991
Less: Average unallocated ESOP shares	121,670		121,670
Weighted average shares	1,521,980		1,531,321
Effect of dilutive securities:
Restrictive Stock	9,958		8,624
Stock Options	0		0
Weighted average common shares outstanding - assuming dilution	1,531,938		1,539,945
Basic earnings per common share (in dollars per share)	$ 0.03	$ 0.08	$ 0.06	$ 0.16
Diluted earnings per common share (in dollars per share)	$ 0.03		$ 0.06

Employee Stock Ownership Plan (

Employee Stock Ownership Plan (Detail Textuals) - USD ($) $ in Thousands	3 Months Ended	6 Months Ended
	Jun. 30, 2019	Jun. 30, 2019
Share-based Arrangements with Employees and Nonemployees [Abstract]
Compensation expense related to the ESOP	$ 22,000	$ 43,000

Equity Incentive Plan (Details)

Equity Incentive Plan (Details)	6 Months Ended
	Jun. 30, 2019$ / sharesshares
Options
Options outstanding at January 1, 2019 | shares	145,825
Granted | shares	0
Exercised | shares	0
Forfeited | shares	0
Expired | shares	0
Options outstanding at June 30, 2019 | shares	145,825
Weighted Average Exercise Price
Options outstanding at January 1, 2019 | $ / shares	$ 12.46
Granted | $ / shares	0
Exercised | $ / shares	0
Forfeited | $ / shares	0
Expired | $ / shares	0
Options outstanding at June 30, 2019 | $ / shares	$ 12.46

Equity Incentive Plan (Details

Equity Incentive Plan (Details 1) - Stock option	6 Months Ended
	Jun. 30, 2019$ / shares
August 16, 2018
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Expected volatility	12.44%
Risk-free interest rate	2.87%
Expected dividend yield	0.00%
Expected life (in years)	10 years
Exercise price for the stock options	$ 12.48
September 18, 2018
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Expected volatility	11.94%
Risk-free interest rate	3.05%
Expected dividend yield	0.00%
Expected life (in years)	10 years
Exercise price for the stock options	$ 12.45

Equity Incentive Plan (Detail_2

Equity Incentive Plan (Details 2) - Restricted Stock Awards	6 Months Ended
	Jun. 30, 2019$ / sharesshares
Restricted Stock Awards
Non-vested at January 1, 2019 | shares	66,111
Granted | shares	0
Vested | shares	0
Forfeited | shares	0
Non-vested at June 30, 2019 | shares	66,111
Weighted Average Fair Value at Grant Date
Non-vested at January 1, 2019 | $ / shares	$ 12.46
Granted | $ / shares	0
Vested | $ / shares	0
Forfeited | $ / shares	0
Non-vested at June 30, 2019 | $ / shares	$ 12.46

Equity Incentive Plan (Detail T

Equity Incentive Plan (Detail Textuals) - USD ($) $ / shares in Units, $ in Thousands	1 Months Ended		6 Months Ended
	Aug. 18, 2018	Aug. 16, 2018	Jun. 30, 2019	Aug. 31, 2018
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of shares authorized under equity incentive plan				231,437
Exercise price of each option			$ 0
Number of stock options granted			0
Fair value of number of share granted	$ 3.75	$ 3.69
Management and staff
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Term of expiration period	10 years
Exercise price of each option	$ 12.45
Management and staff | Maximum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Term of award vesting period	7 years
Management and staff | Minimum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Term of award vesting period	5 years
Members of Board of Directors
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Term of award vesting period		5 years
Term of expiration period		10 years
Exercise price of each option		$ 12.48
Restricted Stock Awards
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Unrecognized compensation expense under restricted stock award			$ 698,000
Amount of recognized of share based compensation expense			$ 77,000
Number of restricted shares granted			0
Restricted Stock Awards | Maximum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Term of award vesting period			7 years
Restricted Stock Awards | Minimum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Term of award vesting period			5 years
Restricted Stock Awards | Management and staff
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of restricted shares granted	49,581
Restricted Stock Awards | Members of Board of Directors
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of restricted shares granted		16,530
Stock option
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of shares authorized under equity incentive plan				165,312
Unrecognized compensation expense under stock options			$ 461,000
Amount of recognized of share based compensation expense			51,000
Amount of granted fair value			$ 544,000
Stock option | Maximum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Term of award vesting period			7 years
Stock option | Minimum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Term of award vesting period			5 years
Stock option | Management and staff
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of restricted shares granted	104,500
Stock option | Members of Board of Directors
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of restricted shares granted		41,325
Restricted stock awards, restricted stock units and unrestricted share awards
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of shares authorized under equity incentive plan				66,125